1. Summary Information
|
Country |
India |
||
|
Company Name |
SNEHANJALI RETAIL PRIVATE LIMITED |
Principal Name 1 |
Mr. Amit Harish Mulchandani |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Kanaiyalal Kishanchand Mulchandani |
|
Registration # |
11-027571 |
||
|
Street Address |
1, Bonanza Arcade, S. V. Road, Amboli, Opposite Aboli Railway Gate,
Andheri (West), Mumbai – 400 058, Maharashtra |
||
|
Established Date |
26.06.1982 |
SIC Code |
|
|
Telephone# |
Not Available |
Business Style 1 |
Retail |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Electronic Goods |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.2,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors Or Relatives Of Directors-100% |
Banking |
United
Bank Of India |
|
Public Limited Corp. |
No |
Business Period |
32 Years |
|
IPO |
No |
International Ins. |
|
|
Public Enterprise |
No |
Rating |
Ba
(47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Enterprise over which Key Management Personnel have significant influence |
India |
Snehanjali Sales Private
Limited |
-- |
|
Note |
--
|
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
62,160,000
|
Current Liabilities |
102,774,000
|
|
Inventories |
272,361,000
|
Long-term Liabilities |
323,813,000 |
|
Fixed Assets |
211,127,000 |
Other Liabilities |
14,532,000 |
|
Deferred Assets |
2,272,000 |
Total Liabilities |
441,119,000 |
|
Invest& other Assets |
153,000 |
Retained Earnings |
104,954,000 |
|
|
|
Net Worth |
106,954,000 |
|
Total Assets |
548,073,000 |
Total Liab. & Equity |
548,073,000 |
|
Total Assets (Previous Year) |
504,649,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
1,645,100,000 |
Net Profit |
10,366,000 |
|
Sales(Previous yr) |
1,597,900,000 |
Net Profit(Prev.yr) |
7,007,000 |
MIRA INFORM REPORT
|
Report Date : |
03.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SNEHANJALI RETAIL PRIVATE LIMITED (w.e.f. 21.06.2007) |
|
|
|
|
Formerly Known
As : |
SNEHANJALI ESTATES AND TRADING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1, Bonanza Arcade, S. V. Road, Amboli, Opposite Aboli Railway Gate,
Andheri (West), Mumbai – 400 058, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
26.06.1982 |
|
|
|
|
Com. Reg. No.: |
11-027571 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70100MH1982PTC027571 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS29499B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS1600H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Retail Chain Showroom for Electronics and Appliances. |
|
|
|
|
No. of Employees
: |
Information decline by Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 430000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank Goldman
Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1 million
Indian tourists in 2012), Thailand (one million), the United Arab Emirates
().98 million) and Malaysia ().82 million) emerged as the preferred holidays
hotspots for Indians. The total figure is expected to increase to 1.93 million
by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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 DECLINED BY
|
Name : |
Mr. Amit Somani |
|
Designation : |
Not Available |
|
Contact No.: |
91-022-42904055 |
|
Date : |
11.04.2014 |
LOCATIONS
|
Registered Office : |
1, Bonanza Arcade, S. V. Road, Amboli, Opposite Aboli Railway Gate,
Andheri (West), Mumbai – 400 058, Maharashtra, India |
|
Tel. No.: |
91-22-26787247 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
A/2, RK Industries Compound, Opposite Sadhna Industries, Near Oshiwara
Petrol Pump, Oshiwara Bridge, S.V. Road, Jogeshwari, Mumbai – 400 102,
Maharashtra, India |
|
Tel No : |
91-22-26782816 |
|
Area : |
1000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Showroom 1 : |
4, Heena, Gaurav Heights, S V Road, Kandivali (West) – 400068,
Maharashtra, India |
|
|
|
|
Showroom 2 : |
Located at: v Malad v Kandivali v Vasai v Nalasopora v Boisar v Kalyan |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Amit Harish Mulchandani |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
201, Sai Smriti, 18A Road, Khar (West), Mumbai – 400052, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.02.1982 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.03.2011 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00643601 |
||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kanaiyalal Kishanchand Mulchandani |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
301, Purshottam Villa, 12th and 13th Road
Corner, Khar (West), Mumbai – 400 052, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.07.1954 |
||||||||||||||||||||||||||||||||||||
|
Qualification : |
S.Y.B.Com |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.05.1986 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01101998 |
||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Niraj Harish Mulchandani |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
501, Sai Smriti, 18A Road, Khar (West), Mumbai – 400 052, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.12.1979 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.03.2011 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01538797 |
||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Harish Kishanchand Mulchandani |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
701, Sai Smriti, 18A Road, Khar (West), Mumbai – 400 052, Maharashtra,
India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.07.1951 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
MBBS |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.05.1986 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01103363 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Kanaiyalal Mulchandani |
18500 |
|
Harish Mulchandani |
18500 |
|
Rashmi Mulchandani |
18500 |
|
Rakhee Mulchandani |
18500 |
|
Niraj Mulchandani |
18500 |
|
Yogesh Jaswani |
4999 |
|
Deepa N. Mulchandani |
18500 |
|
Manya A. Mulchandani |
19000 |
|
Harish K. Mulchandani (HUF) |
11500 |
|
Amit H. Mulchandani |
18500 |
|
Niraj H. Mulchandani (HUF) |
10500 |
|
Amit H. Mulchandani (HUF) |
10000 |
|
Kanaiyalal K. Mulchandani (HUF) |
13000 |
|
Yogesh M. Jaswani (HUF) |
1000 |
|
Simran Jaswani |
500 |
|
Snehanjali Electronics and Appliances Private Limited, India |
1 |
|
TOTAL
|
200000 |
As on: 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Retail Chain Showroom for Electronics and Appliances. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by Management. |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Name : |
Agrawal and Chhajed Chartered Accountants |
|
Address : |
1307, Navjivan Commercial Premises, Lamington Road, Mumbai – 400 008,
Maharashtra, India |
|
Tel No.: |
91-22-23060473 / 23060474 / 28878540 |
|
Fax No.: |
91-22-28866801 |
|
E-Mail : |
|
|
PAN No.: |
AAFFA5707M |
|
|
|
|
Enterprise
over which Key Management Personnel
have significant influence : |
|
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
2.000 |
|
(b) Reserves & Surplus |
|
|
104.954 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
106.954 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
195.752 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
1.408 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current Liabilities
(3) |
|
|
197.160 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
128.061 |
|
(b) Trade
payables |
|
|
54.546 |
|
(c) Other
current liabilities |
|
|
46.820 |
|
(d) Short-term provisions |
|
|
14.532 |
|
Total Current
Liabilities (4) |
|
|
243.959 |
|
|
|
|
|
|
TOTAL |
|
|
548.073 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
209.982 |
|
(ii)
Intangible Assets |
|
|
1.145 |
|
(iii)
Capital work-in-progress |
|
|
0.153 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
2.272 |
|
(d) Long-term Loan and Advances |
|
|
7.269 |
|
(e) Other
Non-current assets |
|
|
0.004 |
|
Total Non-Current
Assets |
|
|
220.825 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
272.361 |
|
(c) Trade
receivables |
|
|
1.829 |
|
(d) Cash
and cash equivalents |
|
|
26.383 |
|
(e)
Short-term loans and advances |
|
|
24.587 |
|
(f) Other
current assets |
|
|
2.088 |
|
Total
Current Assets |
|
|
327.248 |
|
|
|
|
|
|
TOTAL |
|
|
548.073 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
2.000 |
2.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
94.588 |
87.581 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
96.588 |
89.581 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
229.961 |
156.750 |
|
|
2] Unsecured Loans |
|
84.298 |
86.079 |
|
|
TOTAL BORROWING |
|
314.259 |
242.829 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
1.874 |
|
|
|
|
|
|
|
|
TOTAL |
|
410.847 |
334.284 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
202.980 |
194.094 |
|
|
Capital work-in-progress |
|
5.424 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.100 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
185.001
|
131.291
|
|
|
Sundry Debtors |
|
16.662
|
9.738
|
|
|
Cash & Bank Balances |
|
51.982
|
20.892
|
|
|
Other Current Assets |
|
0.156
|
16.126
|
|
|
Loans & Advances |
|
42.344
|
12.086
|
|
Total
Current Assets |
|
296.145
|
190.133 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
34.022
|
45.556
|
|
|
Other Current Liabilities |
|
53.552
|
0.000
|
|
|
Provisions |
|
6.228
|
4.387
|
|
Total
Current Liabilities |
|
93.802
|
49.943 |
|
|
Net Current Assets |
|
202.343
|
140.190
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
410.847 |
334.284 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1645.100 |
1597.900 |
1252.100 |
|
|
|
Other Income |
|
|
82.493 |
|
|
|
TOTAL |
1645.100 |
1597.900 |
1334.593 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
1318.129 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
NA |
16.464 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
(3.540) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
10.366 |
7.007 |
20.004 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
51.83 |
35.03 |
132.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.63 |
0.44
|
1.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA
|
1.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA
|
4.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA
|
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.03 |
3.25
|
2.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
3.16
|
3.81 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
1,334.593 |
1,597.900 |
1,645.100 |
|
|
|
19.729 |
2.954 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
1,334.593 |
1,597.900 |
1,645.100 |
|
Profit After Tax |
20.004 |
7.007 |
10.366 |
|
|
1.50% |
0.44% |
0.63% |
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
No |
|
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 |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
|
Particulars |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Long term
borrowing |
|
|
|
Loans and advances on demand |
5.455 |
3.380 |
|
Loans and advances from others |
112.634 |
80.918 |
|
|
|
|
|
TOTAL |
118.089 |
84.298 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10350569 |
30/03/2012 |
45,000,000.00 |
UNITED BANK OF INDIA |
PLOT NO.506, GOPI KUNJ,, KHAR WEST, MUMBAI, Mahar |
B37837184 |
|
2 |
10310301 |
01/10/2011 |
12,500,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE, MUMBAI PUNE ROAD, PUNE, Maharashtra |
B22599088 |
|
3 |
10246508 |
30/09/2010 |
50,000,000.00 |
STANDARD CHARTERED BANK |
STANDARD CHARTERED TOWER, 201 B/1, WESTERN EXPRES |
A96972419 |
|
4 |
10231805 |
01/06/2011 * |
70,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B15226921 |
|
5 |
10200359 |
30/03/2012 * |
80,000,000.00 |
UNITED BANK OF INDIA |
PLOT NO.506, GOPI KUNJ,, KHAR WEST, MUMBAI, Mahar |
B37839503 |
|
6 |
10018323 |
25/06/2011 * |
70,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B17219205 |
FIXED ASSETS
- Air
Conditioner
- Furniture and
Fixture
- Commercial
Premises
- Computer
Machine
- Electric
Fitting, Transformer and Generator
- Motor Car
- Lift
- WIP Furniture
and Fixture
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.60.21 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
5 |
|
--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 |
|
47 |
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.