MIRA
INFORM REPORT
|
Report Date : |
12.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
SANJAY CHEMICALS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit G-1, 5th Floor, Kanmoor House Condominium, 281/287,
Narsi Natha Street, Mumbai – 400009, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.10.2000 |
|
|
|
|
Com. Reg. No.: |
11-129290 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.29.578
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51434MH2000PTC129290 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS27686B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS2929E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Chemicals. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2290000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file its latest financials of 2013
with government department. As per of 2012, profitability of the company is low. 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.
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 |
BB+ [Long Term Bank Facilities-Suspended] |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
26.03.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A4 [Short Term Bank Facilities-Suspended] |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
26.03.2013 |
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. Karan Rathod |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-40361100 |
LOCATIONS
|
Registered/ Head Office : |
Unit G-1, 5th Floor, Kanmoor House Condominium, 281/ 287, Narsi
Natha Street, Mumbai – 400009, Maharashtra, India |
|
Tel. No.: |
91-22-40361100/ 66312988/ 66313088 |
|
Mobile No.: |
91-9821094067 (Mr. Dilip Parmar) |
|
Fax No.: |
91-22-23754337 |
|
E-Mail : |
scipl.mumbai@sanjaychemindia.com |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located At: ·
Gandhidham ·
Vapi ·
Hyderabad |
|
|
|
|
Overseas Office : |
Sanjay Chemicals Singapore Pte. Limited 89 Short Street, #B1-11, Golden Wall Centre, Singapore 188216 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Dilip Vijayraj Parmar |
|
Designation : |
Managing director |
|
Address : |
Flat 507-8, 5th Floor, Matruchaya, Building 378/80, N Natha Street,
Mandavi, Mumbai - 400003, Maharashtra, India |
|
Date of Birth/Age : |
14.03.1964 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
20.10.2000 |
|
PAN No.: |
AACPP6972C |
|
DIN No.: |
00867949 |
|
|
|
|
Name : |
Mr. Sanjay Vijayrajji Parmar |
|
Designation : |
Director |
|
Address : |
Ooranwala Mansion, 1st Floor, Dr. Ambedkar Marg,
Parel, Mumbai – 400012, Maharashtra, India |
|
Date of Birth/Age : |
08.01.1974 |
|
Qualification : |
BA |
|
Date of Appointment : |
20.10.2000 |
|
PAN No.: |
AADPP7910K |
|
DIN No.: |
00478460 |
|
|
|
|
Name : |
Mr. Manoj Vijayraj Parmar |
|
Designation : |
Director |
|
Address : |
Ooranwala Mansion, 1st Floor, Dr. Ambedkar Marg, Parel, Mumbai – 400012,
Maharashtra, India |
|
Date of Birth/Age : |
14.03.1968 |
|
Qualification : |
BSC |
|
Date of Appointment : |
20.10.2000 |
|
PAN No.: |
AADPP7905Q |
|
DIN No.: |
02452281 |
|
|
|
|
Name : |
Mr. Vijayraj Multanmal Parmar |
|
Designation : |
Director |
|
Address : |
Ooranwala Mansion, 1st Floor, Dr. Ambedkar Marg, Parel, Mumbai –
400012, Maharashtra, India |
|
Date of Birth/Age : |
13.03.1944 |
|
Qualification : |
SSC |
|
Date of Appointment : |
20.10.2000 |
|
PAN No.: |
AACPP6971B |
|
DIN No.: |
02452291 |
KEY EXECUTIVES
|
Name : |
Mr. Karan Rathod |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOTE: LATEST SHAREHOLDING DETAILS ARE NOT AVAILABLE.
AS ON 28.03.2012
|
Names of Allottees [Equity Shares] |
|
No. of Shares |
|
Sanjay V. Parmar |
|
48000 |
|
Dilip V. Parmar |
|
80000 |
|
Manoj V. Parmar |
|
26000 |
|
Vijayraj M. Parmar |
|
36000 |
|
Kanchan V. Parmar |
|
20000 |
|
Gunwanti D. Parmar |
|
12000 |
|
Monik D. Parmar |
|
32000 |
|
|
|
|
|
TOTAL |
|
254000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
34.49 |
|
Directors
or relatives of directors |
|
65.51 |
|
TOTAL |
|
100.00 |
%20PRIVATE%20LIMITED%20-%20258112%20_%20MIRA%2012-Mar-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Chemicals. |
GENERAL INFORMATION
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||
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|
|
|||||||||||||||
|
Bankers : |
·
Development Credit Bank Limited, 601 and 602,
Peninsula Business Park, 6th Floor, Tower A, Senapati Bapat Marg,
Lower Parel, Mumbai - 400013, Maharashtra, India ·
Development Credit Bank Limited, 301, Trade
Plaza, 414, Veer Savarkar Marg, Prabhadevi, Mumbai – 400025, Maharashtra,
India · Development Credit Bank Limited, 154, S V Road, East Dongri, Mumbai – 400009, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
MGB and Company Chartered Accountants |
|
Address : |
101-A Jolly
Bhavan No. 2, Opposite Nirmala Niketan, 7 New Marine Lines, Churchgate,
Mumbai – 400020, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFM5742R |
|
|
|
|
Related Parties : |
·
Scorpio Exim Private Limited [U52321MH2005PTC158479] ·
Zany Share Trading Private Limited
[U67120MH2006PTC159576] |
CAPITAL STRUCTURE
AFTER 29.09.2012
Authorised Capital : Rs. 40.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 31.978
Millions
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3550000 |
Equity Shares |
Rs. 10/- each |
Rs. 35.500 Millions |
|
45000 |
Preference Shares |
Rs. 100/- each |
Rs. 4.500 Millions |
|
|
TOTAL |
|
Rs.40.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2683700 |
Equity Shares |
Rs. 10/- each |
Rs. 26.837
Millions |
|
27407 |
Preference Shares |
Rs. 100/- each |
Rs. 2.741
Millions |
|
|
TOTAL |
|
Rs.29.578 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
29.578 |
27.038 |
|
(b) Reserves & Surplus |
|
543.436 |
468.813 |
|
(c) Money received against share
warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
573.014 |
495.851 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.429 |
0.441 |
|
(c) Other long term liabilities |
|
1575.371 |
1551.727 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
1575.800 |
1552.168 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
62.765 |
130.398 |
|
(b) Trade payables |
|
0.000 |
0.000 |
|
(c) Other current
liabilities |
|
58.623 |
62.641 |
|
(d) Short-term provisions |
|
0.000 |
0.613 |
|
Total Current Liabilities (4) |
|
121.388 |
193.652 |
|
|
|
|
|
|
TOTAL |
|
2270.202 |
2241.671 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
5.107 |
4.834 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
9.101 |
0.418 |
|
(e) Other Non-current assets |
|
7.890 |
43.528 |
|
Total Non-Current Assets |
|
22.098 |
48.780 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
434.306 |
375.604 |
|
(c) Trade receivables |
|
1372.691 |
1629.846 |
|
(d) Cash and cash
equivalents |
|
374.322 |
144.533 |
|
(e) Short-term loans and
advances |
|
36.552 |
19.000 |
|
(f) Other current assets |
|
30.233 |
23.908 |
|
Total Current Assets |
|
2248.104 |
2192.891 |
|
|
|
|
|
|
TOTAL |
|
2270.202 |
2241.671 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
17.458 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
210.580 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
228.038 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.927 |
|
|
2] Unsecured Loans |
|
|
239.387 |
|
|
TOTAL BORROWING |
|
|
240.314 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.446 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
468.798 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.285 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
323.512
|
|
|
Sundry Debtors |
|
|
1337.771
|
|
|
Cash & Bank Balances |
|
|
98.840
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
65.348
|
|
Total
Current Assets |
|
|
1825.471 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1334.480
|
|
|
Other Current Liabilities |
|
|
6.902
|
|
|
Provisions |
|
|
19.576
|
|
Total
Current Liabilities |
|
|
1360.958 |
|
|
Net Current Assets |
|
|
464.513 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
468.798 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5467.279 |
5323.321 |
4415.638 |
|
|
|
Other Income |
N.A. |
N.A. |
14.101 |
|
|
|
TOTAL (A) |
N.A. |
N.A. |
4429.739 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
4293.497 |
|
|
|
Personal Cost |
|
|
6.847 |
|
|
|
Administrative and Other Expenses |
|
|
76.719 |
|
|
|
TOTAL (B) |
N.A. |
N.A. |
4377.063 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
52.676 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
26.564 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
21.975 |
44.042 |
26.112 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.823 |
0.734 |
0.640 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
21.152 |
43.308 |
25.472 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.489 |
14.996 |
9.182 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
13.663 |
28.312 |
16.290 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
72.134 |
43.822 |
27.532 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
85.797 |
72.134 |
43.822 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
15.361 |
0.000 |
8.742 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
1823.405 |
1567.800 |
1019.608 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.04 |
15.14 |
11.07 |
|
%20PRIVATE%20LIMITED%20-%20258112%20_%20MIRA%2012-Mar-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20258112%20_%20MIRA%2012-Mar-2014_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
N.A. |
N.A. |
0.37
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.39
|
0.81 |
0.58
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.93
|
1.93 |
1.39
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.09 |
0.11
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.11
|
0.26 |
1.05
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
18.52
|
11.32 |
1.34
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2011 |
31.03.2012 |
|
|
|
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
|
27.038 |
29.578 |
|
Reserves & Surplus |
|
468.813 |
543.436 |
|
Net worth |
|
495.851 |
573.014 |
|
|
|
|
|
|
long-term borrowings |
|
0.000 |
0.000 |
|
Short term borrowings |
|
130.398 |
62.765 |
|
Total borrowings |
|
130.398 |
62.765 |
|
Debt/Equity ratio |
|
0.263 |
0.110 |
%20PRIVATE%20LIMITED%20-%20258112%20_%20MIRA%2012-Mar-2014_files/image006.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
4415.638 |
5323.321 |
5467.279 |
|
|
|
20.556 |
2.704 |
%20PRIVATE%20LIMITED%20-%20258112%20_%20MIRA%2012-Mar-2014_files/image008.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
4415.638 |
5323.321 |
5467.279 |
|
Profit |
16.290 |
28.312 |
13.663 |
|
|
0.37% |
0.53% |
0.25% |
%20PRIVATE%20LIMITED%20-%20258112%20_%20MIRA%2012-Mar-2014_files/image010.gif)
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT:
|
Particulars |
31.03.2012 [Rs. in millions] |
31.03.2011 [Rs. in millions] |
31.03.2010 [Rs. in millions] |
|
|
|
|
|
|
Current Maturities
of Long Term Debt |
0.000 |
0.134 |
NA |
|
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
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10211615 |
15/06/2012 * |
1,603,800,000.00 |
DEVELOPMENT
CREDIT BANK LIMITED |
601 & 602,
PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER
PAREL, MUMBAI - 400013, |
B42190868 |
|
2 |
10011568 |
20/07/2006 |
20,000,000.00 |
DEVELOPMENT
CREDIT BANK LIMITED |
601 & 602,
PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER
PAREL, MUMBAI - 400013, |
A02813061 |
|
3 |
10006652 |
18/05/2006 |
15,000,000.00 |
DEVELOPMENT
CREDIT BANK LIMITED |
601 & 602,
PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER
PAREL, MUMBAI - 400013, |
A01234475 |
|
4 |
90143730 |
21/01/2002 |
1,500,000.00 |
DEVELOPMENT
CREDIT BANK LTD |
MOHAMEDALI ROAD
BRANCH, BOMBAY, MANIPUR - 400001, |
- |
|
5 |
90143378 |
20/03/2009 * |
421,000,000.00 |
DEVELOPMENT
CREDIT BANK LIMITED |
301, TRADE
PLAZA,, 414, VEER SAVARKAR MARG, PRABH |
A58995044 |
|
* Date of charge modification |
||||||
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
SHORT-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
27.609 |
37.647 |
|
Loans and advances from related parties |
16.499 |
13.285 |
|
Loans and advances from directors |
1.227 |
0.124 |
|
Total |
45.335 |
51.056 |
NOTE:
The registered office of the company has been shifted from 507
Matruchhaya Building, 378/80 Narsi Natha Street, Mumbai - 400009, Maharashtra,
India to the present w.e.f.01.08.2012
PERFORMANCE
The Company’s
Turnover during the year has increased to Rs. 5467.279 millions as compared to
previous years Rs. 5323.321 millions. The Net Profit after tax during the year
has also increased to Rs. 13.663 millions as compared to previous years Rs.
28.312 millions
FIXED
ASSETS
·
Land and Building
·
Office premises
·
Office equipments
·
Air conditioners
·
Furniture and fixtures
·
Vehicles
·
Computers equipments
·
Office equipment
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 records 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.60.70 |
|
|
1 |
Rs.100.97 |
|
Euro |
1 |
Rs.84.16 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.