MIRA
INFORM REPORT
|
Report Date : |
12.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ADITYA POLYMERS AND CHEMCIALS ( |
|
|
|
|
Registered
Office : |
118, Satyam Estate, 35 / Aeranwana, Off. |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.02.2004 |
|
|
|
|
Com. Reg. No.: |
11-018888 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 26.999 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25207PN2004PTC018888 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA21156C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA7080R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
They are Del Credere agent ref Reliance Polymers. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company has taken huge external borrowing, which acts as
threatening to the liquidity position of the company. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in
September 2013 indicated that banks would need 800000 people in the next six
years. It estimated that state-run lenders alone would hire 50000 people in
2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: “BB” |
|
Rating Explanation |
Moderate risk of default and high credit
risk. |
|
Date |
15.01.2014 |
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. Bhavesh Mehta |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9320322202 |
|
Date : |
10.03.2014 |
LOCATIONS
|
Registered Office : |
118, Satyam Estate, 35 / Aeranwana, Off. Karve Road, Pune – 411038,
Maharashtra, India |
|
Tel. No.: |
91-20-25444155 |
|
Mobile No.: |
91-9320322202 (Mr. Bhavesh Mehta) |
|
Fax No.: |
91-20-32906744 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
125/6, Kalpataru Society, |
|
Tel. No.: |
91-22-26142333 / 26147912 / 26183613 / 26115060 |
|
Fax No.: |
91-22-26113474 |
|
Email. |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Anirudha Balkrishna Joshi |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
28.03.1969 |
|
Date of Appointment : |
10.02.2004 |
|
DIN No.: |
00187407 |
|
|
|
|
Name : |
Mr. Rajanee Balkrishna Joshi |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
11.09.1947 |
|
Date of Appointment : |
10.02.2004 |
|
DIN No.: |
00433366 |
|
|
|
|
Name : |
Mr. Sandeep Shankar Dandekar |
|
Designation : |
Director |
|
Address : |
Flat No. 4, 7th Floor, Maitri Anand, Plot 73, TPS 1, Luis Wadi, Thane West- 400604, Maharashtra, India |
|
Date of Birth/Age : |
17.04.1969 |
|
Date of Appointment : |
15.02.2012 |
|
DIN No.: |
00247880 |
KEY EXECUTIVES
|
Name : |
Mr. Bhavesh Mehta |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Rajanee Balkrishna Joshi |
|
800000 |
|
Anirudha Balkrishna Joshi |
|
1300000 |
|
Aditya Balkrishna Joshi |
|
599900 |
|
|
|
|
|
Total |
|
2699900 |
%20PRIVATE%20LIMITED%20-%20257332%2012-Mar-2014_files/image001.gif)
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
They are Del Credere Agent of Reliance Polymers. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Reliance Industries Limited |
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Customers : |
Premium Poly Alloys Private Limited |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
· Corporation Bank, Earnest House, 1st Floor, Nariman Point,, Mumbai - 400021, Maharashtra, India · The Saraswat Co - Operative Bank Limited, C-2, Kohinoor Estate Co-Operative Housing Society, Plot No. 12, Mula Road Sangamwadi, Pune - 411003, Maharashtra, India · Bank of Baroda, Backbay Reclamation, Ram Mahal, 8-Dinshaw Vachha Road, Churchgate, Mumbai - 400020, Maharashtra, India · Axis Bank · ICICI Bank Limited · Central Bank of India |
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|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V.D. Lagu and Company Chartered Accountants |
|
Address : |
3, Vaikhari, Near Parle Tilak Vidyalaya, Hanuman Road, Vile Parle (E),
Mumbai – 400057, Maharashtra, India |
|
Tel. No.: |
91-22-26114719 / 26166159 |
|
PAN No.: |
AAAPL1300J |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2699900 |
Equity Shares |
Rs.10/- each |
Rs. 26.999
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 |
26.999 |
26.999 |
19.999 |
|
(b) Reserves & Surplus |
256.348 |
238.329 |
90.527 |
|
(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) |
283.347 |
265.328 |
110.526 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
128.572 |
146.597 |
110.488 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
302.691 |
284.141 |
214.144 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
431.263 |
430.738 |
324.632 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
910.119 |
694.608 |
458.339 |
|
(b) Trade payables |
1.531 |
1.796 |
1.491 |
|
(c) Other current liabilities |
7.780 |
7.780 |
0.200 |
|
(d) Short-term provisions |
14.000 |
6.500 |
7.500 |
|
Total
Current Liabilities (4) |
933.430 |
710.684 |
467.530 |
|
|
|
|
|
|
TOTAL |
1,648.040 |
1,406.750 |
902.688 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
336.676 |
291.542 |
17.386 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
173.581 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
6.568 |
7.389 |
3.812 |
|
Total
Non-Current Assets |
343.244 |
298.931 |
194.779 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.400 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1,179.075 |
1,005.374 |
614.787 |
|
(d) Cash and cash equivalents |
1.091 |
0.664 |
0.407 |
|
(e) Short-term loans and
advances |
0.359 |
0.411 |
0.138 |
|
(f) Other current assets |
123.871 |
101.370 |
92.577 |
|
Total
Current Assets |
1,304.796 |
1,107.819 |
707.909 |
|
|
|
|
|
|
TOTAL |
1,648.040 |
1,406.750 |
902.688 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
140.826 |
140.772 |
90.399 |
|
|
Other Income |
25.016 |
19.101 |
5.766 |
|
|
TOTAL
(A) |
165.842 |
159.873 |
96.165 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
11.302 |
11.446 |
10.169 |
|
|
Other expenses |
8.353 |
18.706 |
10.139 |
|
|
Exceptional Items |
0.000 |
0.000 |
0.102 |
|
|
TOTAL
(B) |
19.655 |
30.152 |
20.410 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
146.187 |
129.721 |
75.755 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
117.817 |
105.599 |
53.045 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
28.370 |
24.122 |
22.710 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
2.875 |
2.688 |
2.261 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
25.495 |
21.434 |
20.449 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
7.500 |
6.500 |
7.500 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
17.995 |
14.934 |
12.949 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
6.67 |
5.53 |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
10.85 |
9.34 |
13.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
18.10 |
15.22 |
22.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.55 |
1.52 |
2.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.08 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.67 |
3.18 |
5.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
1.56 |
1.51 |
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 |
19.999 |
26.999 |
26.999 |
|
Reserves & Surplus |
90.527 |
238.329 |
256.348 |
|
Net
worth |
110.526 |
265.328 |
283.347 |
|
|
|
|
|
|
long-term borrowings |
110.488 |
146.597 |
128.572 |
|
Short term borrowings |
458.339 |
694.608 |
910.119 |
|
Total
borrowings |
568.827 |
841.205 |
1,038.691 |
|
Debt/Equity
ratio |
5.147 |
3.170 |
3.666 |
%20PRIVATE%20LIMITED%20-%20257332%2012-Mar-2014_files/image002.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
90.399 |
140.772 |
140.826 |
|
|
|
55.723 |
0.038 |
%20PRIVATE%20LIMITED%20-%20257332%2012-Mar-2014_files/image003.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
90.399 |
140.772 |
140.826 |
|
Profit |
17.995 |
14.934 |
12.949 |
|
|
19.91% |
10.61% |
9.20% |
%20PRIVATE%20LIMITED%20-%20257332%2012-Mar-2014_files/image004.gif)
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 |
Yes |
|
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 three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
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)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Bajaj Finance loans |
0.000 |
0.415 |
|
Barclays Bank Limited |
0.000 |
1.368 |
|
India Bulls Financial services limited |
0.000 |
0.294 |
|
Kotak Mahindra Bank Limited |
0.000 |
0.911 |
|
Magma financial corporation limited |
0.000 |
0.634 |
|
Religare financial investment limited |
0.000 |
0.537 |
|
|
|
|
|
Total |
0.000 |
4.159 |
CASE DETAILS
|
Case Details |
|
|
Case Type |
Cri.Appeal |
|
Filing No. |
100052/2014 Filing date: 03-01-2014 |
|
Registration No. |
100016/2014 Registration date: 07-01-2014 |
|
Case code |
201701000522014 |
|
|
|
|
CASE STATUS |
|
|
First Hearing Date |
07-01-2014 |
|
Next Hearing Date |
14-03-2014 |
|
Purpose of Hearing |
|
|
Court No &
Judge |
61 - DISTRICT JUDGE -15 AND ADDL. SESSIONS JUDGE PUNE |
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Petitioner(s) & Advocate(s) |
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Petitioner - Ropa Plastics Pvt Ltd etc 1 Address - Gat No.837/2 Pune Nagar Road Village Sanaswadi Tal Shirur Dist Pune Advocate - Shri.A.V.Bhuskute |
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Respondent(s) & Advocate(s) |
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Respondent - Aditya Polymers And Chemicals India Prt Ltd etc 1 Address - 118 Satyam Estate 35/A Erandawane Pune 04 Advocate - |
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ACTS |
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Under Act(s) |
--- |
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Under Section(s) |
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Subject |
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LOWER COURT INFORMATION |
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Court No & Name |
Judicial Magistrate First Class A.C. Court |
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Case No & Year |
Sum Case - 0006210 - 2011 |
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Case Decision Date |
17-12-2013 |
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FIR DETAILS |
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Police Station |
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FIR No. |
0 |
Year |
0 |
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History Of Case Hearing |
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Regn. No. |
Judge |
Bussiness on Date |
Hearing Date |
Purpose of Hearing |
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100016/2014 |
DISTRICT JUDGE -15 AND ADDL. SESSIONS JUDGE PUNE |
07-01-2014 |
10-01-2014 |
Argument on Exh.____Unready |
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100016/2014 |
DISTRICT JUDGE -15 AND ADDL. SESSIONS JUDGE PUNE |
10-01-2014 |
10-02-2014 |
Notice_Unready |
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100016/2014 |
DISTRICT JUDGE -15 AND ADDL. SESSIONS JUDGE PUNE |
10-02-2014 |
25-02-2014 |
Notice_Unready |
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100016/2014 |
DISTRICT JUDGE -15 AND ADDL. SESSIONS JUDGE PUNE |
25-02-2014 |
14-03-2014 |
Notice_Unready |
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Orders |
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Order No. |
Order Date |
Order Details |
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Writ Information |
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Regn. No. |
Appellate Case No. |
Appellate Authority |
Date of Reciept |
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Case Transfer Details Between The Courts |
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Regn. No. |
Transfer Date |
From Court No |
To Court No |
FINANCIAL
RESULTS
The company for the year under reference achieve profit before taxation
of Rs. 25.495 Millions as compared to pervious year of Rs. 21.434 Millions
INDEX OF CHARGES
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S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
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1 |
10471707 |
26/11/2013 |
110,000,000.00 |
AXIS BANK LIMITED |
CORPROATE BANKING BRANCH,AXIS HOUSE,GR FLOOR, BOMBAY DYING MILL COMPOUND, P.B. MARG,WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B94069440 |
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2 |
10401908 |
28/01/2013 |
140,000,000.00 |
CENTRAL BANK OF INDIA |
CHANDERMUKHI, GROUND FLOOR, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B67660811 |
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3 |
10318066 |
07/02/2013 * |
330,000,000.00 |
CORPORATION BANK |
1ST FL,EARNEST HOUSE, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B70623004 |
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4 |
10276693 |
18/01/2014 * |
1,150,000,000.00 |
AXIS BANK LIMITED (FOR ITSELF AND ON BEHALF OF OTHER |
GROUND FLOOR, AXIS HOUSE, BOMBAY DYEING MILLS COMPOUND, P B MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B95002929 |
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5 |
10254703 |
16/12/2013 * |
1,150,000,000.00 |
BANK OF BARODA |
BACKBAY RECLAMATION, RAM MAHAL, 8-DINSHAW VACHHA ROAD,
CHURCHGATE, MUMBAI, MAHARASHTRA - 400020, |
B95499885 |
* Date of charge modification
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 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 60.70 |
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1 |
Rs. 100.97 |
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Euro |
1 |
Rs. 84.16 |
INFORMATION DETAILS
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Information
Gathered by : |
HNA |
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Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
YES |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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DEFAULTER |
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--RBI |
YES/NO |
NO |
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--EPF |
YES/NO |
NO |
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TOTAL |
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32 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit
not recommended |
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NB |
New
Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.