1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Overseas
Polymers Private Limited |
Principal Name 1 |
Mr. Himanshu Kantilal
Sanghvi |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ranjit Purshotamdas
Isher |
|
|
|
Registration # |
11-091368 |
|
Street Address |
901, Ackruti Star, Central Road, MIDC, Andheri (East), Mumbai – 400093, Maharashtra, India |
||
|
Established Date |
03.08.1995 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Importer |
|
Fax # |
Not Available |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Polymers |
|
|
# of employees |
100 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.30,640,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings-
93.70%, Bodies corporate- 5.35%, Directors or relatives of directors-
0.95% |
Banking |
Corporation
Bank |
|
Public Limited Corp. |
No |
Business Period |
18 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
-- |
GRSC Infotech Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance
Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3023,047,000 |
Current Liabilities |
2563,815,000 |
|
Inventories |
1789,998,000 |
Long-term Liabilities |
1271,374,000 |
|
Fixed Assets |
25,589,000 |
Other Liabilities |
60,948,000 |
|
Deferred Assets |
10,538,000 |
Total Liabilities |
3,896,137,000 |
|
Invest& other Assets |
1,000 |
Retained Earnings |
922,396,000 |
|
|
|
Net Worth |
953,036,000 |
|
Total Assets |
4,849,173,000 |
Total Liab. &
Equity |
4,849,173,000 |
|
Total Assets (Previous Year) |
4,004,803,000 |
|
|
|
P/L
Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
224,561,000 |
|
Sales(Previous yr) |
Not Available |
Net Profit(Prev.yr) |
196,245,000 |
MIRA
INFORM REPORT
|
Report Date : |
27.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
OVERSEAS POLYMERS PRIVATE LIMITED (w.e.f.20.02.2001) |
|
|
|
|
Formerly Known
As : |
VINMAR POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
901, Ackruti Star, Central Road, MIDC, Andheri (East), Mumbai – 400093, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.08.1995 |
|
|
|
|
Com. Reg. No.: |
11-091368 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.640
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1995PTC091368 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV04824B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV1895M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company engaged in the business of Import and Trading of Polymers. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having a satisfactory track
record. General financial position of the company seems to be good. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for normal business dealings at usual
trade terms and conditions. |
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: BBB+ |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk |
|
Date |
24.12.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: A2 |
|
Rating Explanation |
Have strong degree of safety carry low
credit risk. |
|
Date |
24.12.2013 |
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.
LOCATIONS
|
Registered Office/ Factory : |
901, Ackruti Star, Central Road, MIDC, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-33051900 |
|
Fax No.: |
91-22-33051900/ 28200022 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
9000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office
: |
Vinmar Houston, 396 W. Greens
Road, Suite 300 |
|
Tel. No.: |
713 775 - 1300/ 1399/ 1390 |
|
|
|
|
Branch Office 1: |
7-4-42(4), 1st Floor, Chettivanipalem,
Autonagar, Gajuwaka, Visakhapatnam – 530012, Andhra Pradesh, India |
|
|
|
|
Branch Office 2: |
A-41, Vinmar House, A-41, M.I.D.C Road No.2, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Tel No.: |
91-22-66921201/ 67141905 |
|
Fax No.: |
91-22-28365847 |
|
|
|
|
Warehouse : |
Behind Maya Shree Compound, Godown No 6B, Sur 194, Hissa 3, Purna, Bhiwandi, Thane, Maharashtra, India |
DIRECTORS
(AS ON 25.07.2013)
|
Name : |
Mr. Himanshu Kantilal
Sanghvi |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
403 and 405, Ashish, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.12.1966 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.08.1995 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AABPS7888M |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00362709 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorships :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ranjit Purshotamdas
Isher |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
32, Dhawalgiri Off Film City Road, Megh Malhar Complex, Dindoshi, Goregaon (East)
Mumbai 400063, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.01.1969 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00881262 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorships :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Surendra Lavti |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Executive Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
55 Years |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
30 years |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.08.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sunil Shah |
|
Designation : |
Finance Head |
|
|
|
|
Name : |
Mr. Nilesh Gunventilal
Shah |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. B. Trivedi |
|
Designation : |
Export Import Executive |
|
|
|
|
Name : |
Mr. Piyush Gala |
|
Designation : |
Business Head PVC and Rubber |
|
Date of Birth/Age : |
39 Years |
|
Qualification : |
B.E. (Chemicals) |
|
Date of Appointment : |
01.07.2011 |
|
|
|
|
Name : |
Mr. Kalpesh Dalal |
|
Designation : |
Business Head PE and PP |
|
Date of Birth/Age : |
38 years |
|
Qualification : |
B. Tech Polymers, MBA – Marketing |
|
Date of Appointment : |
01.12.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 25.07.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Himanshu Kantilal Sanghvi |
|
14500 |
|
Vaishali Himanshu Sanghvi |
|
14500 |
|
Vinmar Offshore Finance Limited – British Westindies |
|
2871000 |
|
APG Chemie (India) Private Limited –
India |
|
20850 |
|
APG Capital Market Limited – India
|
|
143150 |
|
|
|
|
|
Total |
|
3064000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage of
Holding |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
93.70 |
|
Bodies corporate |
|
5.35 |
|
Directors or relatives of directors |
|
0.95 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company engaged in the business of Import and Trading of Polymers. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Corporation Bank Amboli Branch, Andheri (West), Mumbai, Maharashtra, India · Corporation Bank Bangalore Branch Office, Karnataka, India Tel. No.:91-824-2426416 · Corporation Bank Mumbai Oversea Branch, 1st Floor, Earnest House, Nariman Point, Mumbai – 400 021, Maharashtra, India · The Hong Kong and Shanghai Banking Corporation Limited 52/60, Mahatma Gandhi Road, Fort, Mumbai – 400001, Maharashtra, India. · HSBC Bank Fort, Mumbai, Maharashtra, India · Axis Bank Limited Fort Branch, Sir P.M. Road, Fort, Mumbai – 400001, Maharashtra, India · Axis Bank Limited Corporate Banking Branch, Axis House, Ground Floor, Wadia International Center, P.B. Marg, Worli, Mumbai - 400025, Maharashtra, India · Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai -
400018, Maharashtra, India · ICICI Bank Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. S. Kothari and Company Chartered Accountants |
|
Address: |
37, Hamam Street, 2nd Floor, Fort, Mumbai – 400001, Maharashtra, India. |
|
Tel No.: |
91-22-22650264/ 22653555/ 22666219 |
|
Fax No.: |
91-22-22654370 |
|
Email : |
|
|
PAN No.: |
AAAFS0524M |
|
|
|
|
Holding Company : |
· Vinmar Offshore Finance Limited, British Westindies |
|
|
|
|
Associates: |
· GRSC Infotech Private Limited ·
Vinmar
Petrochemicals ( · Indian Petrovin Limited · Vinmar International Limited · Vinmar Overseas Limited · Vinmar India Private Limited · Vinmar Chemicals and Polymers B.V. · Vinmar International FZE |
CAPITAL STRUCTURE
(AS ON 25.07.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- Each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3064000 |
Equity Shares |
Rs.10/- Each |
Rs.30.640
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 |
30.640 |
30.640 |
30.640 |
|
(b) Reserves & Surplus |
922.396 |
840.277 |
644.032 |
|
(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) |
953.036 |
870.917 |
674.672 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.732 |
1.468 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.732 |
1.468 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1271.374 |
1078.965 |
1081.867 |
|
(b)
Trade payables |
2501.038 |
1930.273 |
1408.639 |
|
(c)
Other current liabilities |
62.777 |
55.716 |
45.290 |
|
(d) Short-term
provisions |
60.948 |
68.200 |
68.403 |
|
Total Current
Liabilities (4) |
3896.137 |
3133.154 |
2604.199 |
|
|
|
|
|
|
TOTAL |
4849.173 |
4004.803 |
3280.339 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
25.589 |
26.475 |
23.094 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.001 |
0.001 |
0.001 |
|
(c) Deferred tax assets (net) |
10.538 |
7.258 |
7.157 |
|
(d) Long-term Loan and Advances |
17.779 |
9.624 |
8.641 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
53.907 |
43.358 |
38.893 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1789.998 |
2094.349 |
1679.300 |
|
(c)
Trade receivables |
2759.680 |
1761.495 |
1420.119 |
|
(d) Cash
and cash equivalents |
25.081 |
9.496 |
40.316 |
|
(e) Short-term
loans and advances |
220.507 |
96.105 |
101.711 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
4795.266 |
3961.445 |
3241.446 |
|
|
|
|
|
|
TOTAL |
4849.173 |
4004.803 |
3280.339 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
335.900 |
296.697 |
344.187 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.044 |
3.622 |
2.904 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
331.856 |
293.075 |
341.283 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
107.295 |
96.830 |
117.479 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
224.561 |
196.245 |
223.804 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
36.634 |
36.888 |
20.855 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
16027.656 |
9621.293 |
7423.649 |
|
|
TOTAL IMPORTS |
16027.656 |
9621.293 |
7423.649 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
73.29 |
64.05 |
73.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.86
|
7.33
|
10.43
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.34
|
0.51
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.33
|
1.24
|
1.61
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23
|
1.26
|
1.24
|
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
30.640 |
30.640 |
30.640 |
|
Reserves & Surplus |
644.032 |
840.277 |
922.396 |
|
Net worth |
674.672 |
870.917 |
953.036 |
|
|
|
|
|
|
long-term borrowings |
1.468 |
0.732 |
0.000 |
|
Short term borrowings |
1,081.867 |
1,078.965 |
1,271.374 |
|
Total borrowings |
1,083.335 |
1,079.697 |
1,271.374 |
|
Debt/Equity ratio |
1.606 |
1.240 |
1.334 |
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 |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
No |
|
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 |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
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 |
FINANCIAL RESULTS
The company has earned
a net profit of Rs.224.561 Millions after providing provisions for Depreciation
of Rs.4.044 Millions provision for Income Tax of Rs.110.574 Millions after
adjusting Deferred Tax of Rs.3.280 Millions.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10376235 |
12/09/2012 |
150,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B57997728 |
|
2 |
10369155 |
12/07/2012 |
300,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B45126836 |
|
3 |
10112357 |
12/12/2011 * |
500,000,000.00 |
CORPORATION BANK |
MUMBAI OVERSEAS
BRANCH, 1ST FLOOR, EARNEST HOUSE, NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, INDIA |
B30007264 |
|
4 |
10102008 |
21/09/2012 * |
1,450,000,000.00 |
AXIS BANK LIMITED |
CORPORATE
BANKING BRANCH, AXIS HOUSE, GR. FLOOR, WADIA INTERNATIONAL CENTER, P.B. MARG,
WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B58339672 |
|
5 |
90354245 |
31/12/2009 * |
700,000,000.00 |
THE HONGKONG
& SHANGHAI BANKING CORPORATION LIMITED |
52/60, MAHATMA
GANDHI ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A76739986 |
|
6 |
90364124 |
20/01/2000 * |
110,000,000.00 |
CORPORATION BANK |
OVERSEAS BRANCH,
EARNEST BRANCH; NARIMAN POINT, MUMBAI, MAHARASHTRA, INDIA |
- |
|
7 |
90363887 |
09/02/1996 |
286,000.00 |
THE HONGKONG
& SHANGHAI BANKING CORPORATION |
SADAM SERVICE
CENTRE, WORLI, MUMBAI, MAHARASHTRA, |
- |
* Date of charge modification
FIXED ASSETS:
· Building
· Furniture and Fixture
· Vehicles
· Motor Vehicle
· Computers
· 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 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.60.49 |
|
|
1 |
Rs.99.77 |
|
Euro |
1 |
Rs.83.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
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 |
|
49 |
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.