MIRA INFORM REPORT
|
Report Date : |
06.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
RESIL CHEMICALS PRIVATE LIMITED (w.e.f. 14.02.1994) |
|
|
|
|
Formerly Known
As : |
RELIANCE SILICONS (SOUTH) MARKETING PRIVATE LIMITED |
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|
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Registered Office
: |
Unit No. 30, BCIE, Old Madras Road, Bangalore – 560 016, Karnataka |
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Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
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Date of
Incorporation : |
18.04.1991 |
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Com. Reg. No.: |
18-041568 |
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Capital Investment
/ Paid-up Capital : |
Rs.48.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51102KA1991PTC041568 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHER06503A |
|
|
|
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PAN No.: [Permanent Account No.] |
AABCR2886H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of silicone based chemicals. |
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|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1700000 |
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|
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having satisfactory track
record. The company has seen an improvement in financial profile characterized
by improvement in capitalization and growth in its net profitability during
2013. The ratings also take into consideration the increase in exports and
further improvement in domestic textile industry. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of established market share the subject can be considered for
normal business dealings at usual trade terms and conditions. Note: Profit and Loss
account for the current year is not available. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under control,
said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up
from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry
retained its status as the favourable venture capital investors in 2013. Pakistan
has temporarily banned gold imports for the second time in six months, as it
tries to stem smuggling into India. India’s import duty on gold is 10 % and
curbs on purchases have dried up legal imports into what used to be the world’s
biggest bullion buyers. The World Gold Council puts the amount smuggled into
India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed that
unclaimed bank deposits estimated to be about Rs 35000 mn be used for education
and awareness among depositors. According to the plan, deposits that have
not been claimed for at least 10 years will be transferred to the scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term fund based = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
December 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fund based = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
December 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Rajesh |
|
Designation : |
Commercial Department |
|
Contact No.: |
91-80-43486128 |
|
Date : |
04.03.2014 |
LOCATIONS
|
Registered Office : |
Unit No. 30, BCIE, Old Madras Road, Bangalore – 560016, Karnataka,
India |
|
Tel. No.: |
91-80 43486100/ 43486128 |
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Fax No.: |
91-80-28512054 |
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E-Mail : |
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Website : |
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Corporate Office / Head Quarter : |
No.28 and 30, BCIE, Old Madras Road, Bangalore -560016, Karnataka,
India |
|
Tel. No.: |
91-80-43486100 |
|
Fax No.: |
91-80-28512054 |
|
|
|
|
Marketing and
Customer Support / Factory : |
No.40 Graudacharpalya, Goshala Road, Mahavepur Post, Bangalore
-560048, Karnataka, India |
|
Tel. No.: |
91-80-43486200 |
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Fax No.: |
91-80-28512475 |
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E-Mail : |
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|
Factory : |
· 101 Adbe villa, 1st floor, Plot No. 99, Near Char Police Station SV Road, Khar West, Mumbai – 400052, Maharashtra, India Fax No. : 91-2256777351 Email : marketing@resil.com · Plot No. 6, Ranjit Towers, Pakhowal Road, Pakhowal Road, Ludhiana – 141002, Punjab, India Email : marketing@resil.com · 108, Nutan Road Hous, B/4, Palanpur, Jakat Naka, Pal Road, Surat – 395003, Gujarat, India Fax No. :91-261-3095790 Email : marketing@resil.Com · Plot No. 53-57, IVth Phase, KIADB Industrial Area, Yerandahalli, Off Jagani Road, Bommasandra, Bangalore – 560099, Karnataka, India Tel No.: 91-80-43408500 |
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Branch Offices : |
Locate At · Ahmedabad · New Delhi · Tirupur · Bangladesh · Thailand · Kolkata · Ludhiana · Mumbai · Surat |
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. Mohan Shankaranarayanan Madathedattu |
|
Designation : |
Managing director |
|
Address : |
22.04.1955 |
|
Date of Birth/Age : |
18, Sunny Brookes, Sarjapur Road,
Bangalore-560 035, Karnataka, India |
|
Date of Appointment : |
18.04.1991 |
|
DIN No.: |
01072454 |
|
|
|
|
Name : |
Mr. Vijayan Shankaranarayanan Madathetu |
|
Designation : |
Managing Director |
|
Address : |
T – 303, Ferns Court, No. 34, Viviani Road,
Richards Town, Bangalore - 560 005, Karnataka, India |
|
Date of Birth/Age : |
30.03.1957 |
|
Date of Appointment : |
18.04.1991 |
|
DIN No.: |
01072385 |
|
|
|
|
Name : |
Mr. Sukumar Kunneth |
|
Designation : |
Director |
|
Address : |
No.22, Villa Del Mar, Sarjapura Road,
Bangalore – 560 034, Karnataka, India |
|
Date of Birth/Age : |
09.05.1935 |
|
Date of Appointment : |
15.11.2002 |
|
DIN No.: |
00313896 |
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|
|
|
Name : |
Mr. Rajeev Kizhakekanjirakatu Thangappannair |
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Designation : |
Whole-time director |
|
Address : |
Flat No. C1-282, Sobha Hibiscus, Outer Ring
Road, Belandur Sarjapur Road, Bangalore-560 103, Karnataka, India |
|
Date of Birth/Age : |
28.05.1957 |
|
Date of Appointment : |
31.03.2003 |
|
DIN No.: |
01591008 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh |
|
Designation : |
Commercial Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Mohan Shankaranarayanan Madathedattu |
|
1920000 |
|
Vijayan Shankaranarayanan Madathetu |
|
1920000 |
|
Gita
Kumar |
|
960000 |
|
Total |
|
4800000 |
As on 27.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of silicone based chemicals. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
Contact No.: 91-80-22232266
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
Varma and Varma Chartered Accountants |
|
Address : |
887, 11th Main, 4th Cross Hal, 2nd Stage, Bangalore – 560038, Karnataka,
India |
|
PAN No.: |
AABFV9555E |
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|
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Subsidiaries : |
N9 World Technologies Private Limited CIN No.: 24232KA2010TC082322 |
CAPITAL STRUCTURE
As on 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Share |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4800000 |
Equity Share |
Rs.10/- each |
Rs.48.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
48.000 |
48.000 |
48.000 |
|
(b) Reserves & Surplus |
386.008 |
326.333 |
267.314 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
434.008 |
374.333 |
315.314 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.100 |
2.118 |
43.973 |
|
(b) Deferred tax liabilities (Net) |
14.650 |
12.062 |
7.393 |
|
(c) Other long term
liabilities |
17.920 |
11.093 |
9.169 |
|
(d) long-term
provisions |
12.812 |
8.353 |
6.848 |
|
Total Non-current
Liabilities (3) |
46.482 |
33.626 |
67.383 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
101.835 |
87.095 |
59.231 |
|
(b) Trade payables |
133.148 |
96.152 |
81.548 |
|
(c) Other
current liabilities |
41.332 |
49.412 |
64.562 |
|
(d) Short-term
provisions |
10.986 |
30.422 |
15.922 |
|
Total Current
Liabilities (4) |
287.301 |
263.081 |
221.263 |
|
|
|
|
|
|
TOTAL |
767.791 |
671.040 |
603.960 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
225.324 |
227.190 |
226.462 |
|
(ii)
Intangible Assets |
21.329 |
10.295 |
5.370 |
|
(iii) Capital
work-in-progress |
1.756 |
0.000 |
2.056 |
|
(iv)
Intangible assets under development |
26.107 |
20.351 |
0.820 |
|
(b) Non-current Investments |
4.160 |
3.810 |
3.810 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
24.781 |
9.207 |
10.027 |
|
(e) Other
Non-current assets |
2.279 |
0.129 |
1.148 |
|
Total Non-Current
Assets |
305.736 |
270.982 |
249.693 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
150.113 |
133.142 |
117.568 |
|
(c) Trade
receivables |
264.178 |
220.803 |
195.042 |
|
(d) Cash
and cash equivalents |
6.103 |
15.326 |
12.257 |
|
(e)
Short-term loans and advances |
39.742 |
28.775 |
28.392 |
|
(f) Other current
assets |
1.919 |
2.012 |
1.008 |
|
Total
Current Assets |
462.055 |
400.058 |
354.267 |
|
|
|
|
|
|
TOTAL |
767.791 |
671.040 |
603.960 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
980.000 [Approximately] |
800.836 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
|
800.836 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
655.923 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
|
655.923 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
144.913 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
43.149 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
NA |
101.764 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
|
|
51.727 |
|
|
TOTAL EARNINGS |
|
|
51.727 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
30.243 |
|
|
TOTAL IMPORTS |
|
|
30.243 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
21.70 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA |
NA |
12.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA |
24.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.24 |
0.24 |
0.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61 |
1.52 |
1.60 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
48.000 |
48.000 |
48.000 |
|
Reserves & Surplus |
267.314 |
326.333 |
386.008 |
|
Net
worth |
315.314 |
374.333 |
434.008 |
|
|
|
|
|
|
long-term borrowings |
43.973 |
2.118 |
1.100 |
|
Short term borrowings |
59.231 |
87.095 |
101.835 |
|
Total
borrowings |
103.204 |
89.213 |
102.935 |
|
Debt/Equity
ratio |
0.327 |
0.238 |
0.237 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last one year |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long Term Borrowings |
|
|
|
Loans and advances from related parties |
1.100 |
1.100 |
|
Total |
1.100 |
1.100 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90306736 |
24/06/2009
* |
234,700,000.00 |
STATE BANK OF INDIA |
SPECIALISED COMMERCIAL BRANCH, KRISHI BHAVAN, FIR |
A67280826
|
|
2 |
90303805 |
31/03/2004 |
4,350,000.00 |
CATHOLIC SYRIAN BANK LIMITED |
ST. PATRIKS SHOPPING ARCADE BRIGADE ROAD, BANGALOR E, KARNATAKA - 560025, INDIA |
- |
|
3 |
90303788 |
21/08/2003 |
825,000.00 |
CATHOLIC SYRIAN BANK LIMITED |
ST. PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
- |
|
4 |
90305391 |
21/08/2003
* |
1,450,000.00 |
CATHOLIC SYRIAN BANK LIMITED |
ST. PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
- |
|
5 |
90305383 |
21/08/2003
* |
500,000.00 |
CATHOLIC SYRIAN BANK LIMITED |
ST. PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
- |
|
6 |
90307924 |
30/04/2002 |
1,466,464.00 |
THE BANK OF NOVA SCOTIA. |
S.N.TOWER, 25/2; .M.G. ROAD, BANGALORE, KARNATAKA- 560001, INDIA |
- |
|
7 |
90306632 |
14/08/2002
* |
3,225,000.00 |
CATHOLIC SYRIAN BANK LIMITED |
ST. PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
- |
|
8 |
90308334 |
21/08/2003
* |
3,225,000.00 |
CATHOLIC SYRIAN BANK LIMITED |
ST. PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
- |
|
9 |
90305335 |
21/08/2003
* |
750,000.00 |
CATHOLIC SYRIAN BANK LIMITED |
ST. PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
- |
|
10 |
90303749 |
14/08/2002
* |
2,000,000.00 |
CATHOLIC SYRIAN BANK LIMITED |
ST. PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
- |
|
11 |
90306603 |
21/08/2003
* |
20,000,000.00 |
CATHOLIC SYRIAN BANK LIMITED |
ST. PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
- |
|
12 |
90307812 |
31/03/2004
* |
29,948,000.00 |
CATHOLIC SYRIAN BANK LIMITED |
ST. PATRIKS SHOPPING ARCADE BRIGADE ROAD, BANGALOR E, KARNATAKA - 560025, INDIA |
- |
|
13 |
90307724 |
27/04/1998 |
5,980,000.00 |
CATHOLIC SYRIAN BANK LIMITED |
BRIGADE ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
- |
|
14 |
90306495 |
25/03/1998 |
51,138.00 |
CEAT FINANCIAL SERVICES LIMITED |
UNIT NO - 6; PRESIDENCY, 82; STREET; MARLES ROAD, BENGALORE, KARNATAKA, INDIA |
- |
|
15 |
90308490 |
24/04/1996 |
13,750,000.00 |
CATHOLIC SYRIAN BANK LIMITED |
BRIDGE ROAD BRANCH, BANGALORE, KARNATAKA, INDIA |
- |
|
16 |
90307591 |
24/01/1996 |
13,000,000.00 |
THE CATHOLIC SYRIAN BANK LIMITED |
BRIGADE ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
- |
|
17 |
90307461 |
11/06/1994 |
4,500,000.00 |
THE CATHOLIC SYRIAN BANK LIMITED |
BRIGADE ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
- |
|
18 |
90304801 |
18/05/1994 |
2,500,000.00 |
THE CATHOLIC SYRIAN BANK LIMITED |
BRIGADE ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
- |
|
19 |
90306150 |
13/08/1993 |
188,000.00 |
THE CATHOLIC SYRIAN BANK LIMITED |
PURUSAWALKAM BRANCH, MADRAS, TAMILNADU - 600007, |
- |
|
20 |
90304711 |
31/03/1993 |
37,000.00 |
THE CATHOLIC SYRIAN BANK LIMITED |
PURUSAWALKAM BRANCH, MADRAS, TAMILNADU - 600007, |
- |
|
21 |
90304666
|
07/10/1992 |
145,500.00 |
THE CATHOLIC SYRIAN BANK LIMITED |
PURUSAWALKAM, MADRAS, TAMILNADU - 600007, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Leasehold
Improvements
- Buildings
- R and D
Assets
- Furniture and
Fixtures
- Computer
- Office
Equipment
- Vehicles
- Plant and
Machinery
- Lab
Equipment’s
- Electrical
Fittings
- Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.86 |
|
|
1 |
Rs.103.06 |
|
Euro |
1 |
Rs.84.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.