MIRA
INFORM REPORT
|
Report Date : |
26.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
KHOSLA PROFIL PRIVATE LIMITED |
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|
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Registered
Office : |
Unit No. 3, Gut No. 140, 141, Village Kudus, Taluka
Wada, Thane 421 312, |
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Country : |
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|
Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
19.04.1989 |
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Com. Reg. No.: |
11-051429 |
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Capital
Investment / Paid-up Capital : |
Rs.21.500 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U99999MH1989PTC051429 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK11480A |
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|
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PAN No.: [Permanent Account No.] |
AAACK1791K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Industrial Fabrics and Filter Fabrics used
in Tyre Industry etc. |
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|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 850000 |
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|
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The management has failed to file its financial with government
department for the year 2013. As per available financial record of 2012, profitability of the
company seems to be fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade terms
and condition. |
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.2453.2 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facility = BBB |
|
Rating Explanation |
Moderate credit quality and average credit
risk |
|
Date |
12.04.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facility = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
12.04.2013 |
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 (GENERAL DETAILS)
|
Name : |
Rajvi |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-30613061 |
|
Date : |
10.05.2014 |
LOCATIONS
|
Registered Office : |
Unit No. 3, Gut No. 140, 141, Village Kudus, Taluka
Wada, Thane 421 312, Maharashtra, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Bandra Office : |
A wing, 6th floor, Laxmi Towers,
8th Floor, B Wing, Behind ICICI Bank, Bandra
Kurla Complex, Bandra
(East), Mumbai - 400051, Maharashtra, India |
|
Tel. No.: |
91-22-30613061/3054 |
|
Fax No.: |
91-22-30613062 |
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E-Mail : |
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Factory : |
Gut No.201, Village Khupari, Taluka Wada, District Thane, |
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Tel. No.: |
91-22-30613061 |
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Fax No.: |
91-22-30613062 |
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E-Mail : |
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|
Website : |
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Branches : |
· 1048, Munusamy Salai, K K Nagar (West), Chennai – 600078, Tamilnadu, India · 510, Vikas Deep, Plot No.18, Laxmi Nagar District Centre, Vikas Marg, Delhi – 110092, India |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Pramod Vedprakash
Khosla |
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Designation : |
Managing Director |
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Address : |
501, Flora, Near |
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Date of Birth/Age : |
04.09.1955 |
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Date of Appointment : |
27.11.2001 |
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DIN No.: |
00001627 |
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Other Directorship:
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Name : |
Mrs. Susham Pramod
Khosla |
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Designation : |
Director |
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Address : |
501, Flora, Near |
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Date of Birth/Age : |
04.06.1959 |
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Date of Appointment : |
06.09.2004 |
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DIN No.: |
0001629 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Sundaram |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 31.03.2012
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Pramod Vedprakash Khosla |
151000 |
13.00% |
|
Susham Pramod Khosla |
230595 |
20.00% |
|
Pramod Vedprakash Khosla HUF |
165005 |
14.00% |
|
Khosla Investment Private Limited, India |
4800000 |
42.00% |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Bodies corporate |
42.00 |
|
Directors or relatives of Directors |
33.00 |
|
Others |
25.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Fabrics and Filter Fabrics used
in Tyre Industry etc. |
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|
|
|
Products : |
· Filter Fabrics · Fabrics for Mechanical rubber Goods ·
Outdoor fabrics |
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Exports : |
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|
Products : |
Tyre Industry |
|
Countries : |
· U.S.A · Australia · New Zealand · Europe · Middle East Countries · Thailand · Bangladesh · Sri Lanka ·
Nepal |
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Imports : |
|
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
RSWM Limited |
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Customers : |
Wholesalers and Retailers ·
Hindustan Zine ·
Rajasthan Spinning and Weaving Mills Limited |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
·
Central Bank of India, Ballard Estate Branch,
Marshall Building, S.V. Marg, Shoorji
Vallabhadas Marg, Mumbai
- 400038, Maharashtra, India ·
NKGSB
Cooperation Bank Limited Jagruti, L J Road, Mahim
(West), Mumbai – 400016, Maharashtra, India |
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Facilities : |
CC and TL : Rs. 400.000 Millions
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Bhuchar and Chandak Chartered Accountant |
|
Address : |
A 1, Silverline, J.B. Nagar,
Andheri (East), Mumbai – 400059, |
|
Tel. No.: |
91-22-8373162/28348138/28235332 |
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Fax No.: |
91-22-8202830 |
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E-Mail : |
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PAN No.: |
AAAFB0175H |
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|
Sister Concern : (Confirmed by Management) |
· Purity Textile Private Limited · Purity Techtextile Private Limited · Khosla Filters – Gujarat ·
Khosla Investment
Private Limited |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
Rs.10/- each |
Rs.90.000 Millions |
|
1000000 |
Preference Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
Total |
|
Rs.100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1150000 |
Equity Shares |
Rs.10/- each |
Rs.11.500 Millions |
|
1000000 |
Preference Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
Total |
|
Rs.21.500
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 |
|
21.500 |
21.500 |
|
(b) Reserves & Surplus |
|
169.449 |
144.868 |
|
(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) |
|
190.949 |
166.368 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
184.056 |
182.841 |
|
(b) Deferred tax liabilities (Net) |
|
19.536 |
0.000 |
|
(c) Other long term liabilities |
|
8.327 |
4.362 |
|
(d) long-term provisions |
|
0.000 |
18.128 |
|
Total Non-current Liabilities (3) |
|
211.919 |
205.331 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
259.971 |
183.882 |
|
(b) Trade payables |
|
62.720 |
131.784 |
|
(c) Other current
liabilities |
|
40.333 |
26.018 |
|
(d) Short-term provisions |
|
4.125 |
4.140 |
|
Total Current Liabilities (4) |
|
367.149 |
345.824 |
|
|
|
|
|
|
TOTAL |
|
770.017 |
717.523 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
278.348 |
237.037 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
3.371 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.076 |
5.076 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
278.424 |
245.484 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
5.000 |
0.000 |
|
(b) Inventories |
|
191.468 |
177.692 |
|
(c) Trade receivables |
|
206.621 |
164.980 |
|
(d) Cash and cash
equivalents |
|
15.238 |
15.264 |
|
(e) Short-term loans and
advances |
|
73.266 |
114.103 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
491.593 |
472.039 |
|
|
|
|
|
|
TOTAL |
|
770.017 |
717.523 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
24.619 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
111.881 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
136.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
260.179 |
|
|
2] Unsecured Loans |
|
|
75.052 |
|
|
TOTAL BORROWING |
|
|
335.231 |
|
|
DEFERRED TAX LIABILITIES |
|
|
19.396 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
491.127 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
261.220 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
5.076 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
116.728 |
|
|
Sundry Debtors |
|
|
168.205 |
|
|
Cash & Bank Balances |
|
|
16.178 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
68.843 |
|
Total
Current Assets |
|
|
369.954 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
103.304 |
|
|
Other Current Liabilities |
|
|
19.426 |
|
|
Provisions |
|
|
22.393 |
|
Total
Current Liabilities |
|
|
145.123 |
|
|
Net Current Assets |
|
|
224.831 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
491.127 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
837.083 |
714.711 |
576.478 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
142.844 |
113.982 |
100.623 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
62.516 |
34.717 |
46.372 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
80.328 |
79.265 |
54.251 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
40.268 |
34.258 |
31.078 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
40.060 |
45.007 |
23.173 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.625 |
11.477 |
13.078 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
29.435 |
33.530 |
10.095 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
116.343 |
96.953 |
91.515 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.000 |
10.000 |
0.307 |
|
|
|
Proposed Dividend |
4.126 |
4.140 |
1.850 |
|
|
|
Dividend |
0.000 |
0.000 |
2.500 |
|
|
BALANCE CARRIED
TO THE B/S |
131.652 |
116.343 |
96.953 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
507.217 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.69 |
15.60 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
4.79 |
6.30 |
4.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.15 |
9.53 |
3.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.27 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.33 |
2.20 |
2.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.36 |
2.55 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Share Capital |
24.619 |
21.500 |
21.500 |
|
Reserves & Surplus |
111.881 |
144.868 |
169.449 |
|
Net
worth |
136.500 |
166.368 |
190.949 |
|
|
|
|
|
|
Secured Loans |
260.179 |
281.091 |
333.448 |
|
Unsecured Loans |
75.052 |
85.632 |
110.578 |
|
Total
borrowings |
335.231 |
366.723 |
444.026 |
|
Debt/Equity
ratio |
2.456 |
2.204 |
2.325 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Sales |
576.478 |
714.711 |
837.083 |
|
|
|
23.979 |
17.122 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Sales
|
576.478 |
714.711 |
837.083 |
|
Profit |
10.095 |
33.530 |
29.435 |
|
|
1.75% |
4.69% |
3.52% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
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 LOANS:
|
Particulars |
31.03.2012 Rs.
In Millions |
31.03.2011 Rs.
In Millions |
|
Long Term Borrowings |
|
|
|
Loan from directors and share holders |
|
|
|
From share
holders |
23.718 |
33.752 |
|
From directors |
1.521 |
17.047 |
|
Sales tax deferred payments (Under package
scheme of incentive of sales tax secured by directors guarantee. Repayable in
5 years at the end of 10th year of availement
of sales tax starting from 2012-13) Repayable within
1 year Rs.0.456 Millions (Previous Year – Rs.
Nil) |
36.156 |
34.833 |
|
Canara
Bank, London Under buyer’s
credit from Canara Bank. London for capital goods
against letter of comfort issued by Central Bank of India, which will be paid
by disbursement of term loan sanctioned by Central Bank of India. |
49.183 |
0.000 |
|
Total |
110.578 |
85.632 |
FINANCIAL RESULTS:
The company achieved sales of Rs.837.083 Millions during the year
compared to Rs.714.711 Millions during the previous year. There is net increase
of sale by 17.12% as compared to previous year. The company earned a profit of
Rs.29.435 Millions after provision for tax and deferred tax during the year
compared to net profit of Rs.33.530 Millions during the previous year. The net
profit after tax decreased due to exceptional exchange rate fluctuation during
the year 2011-2012. However the profit before interest, depreciation and tax
increased to Rs.142.844 Millions (By 25.32%) as compared to previous year
Rs.113.982 Millions.
INDEX OF CHARGE:
|
Sr .No |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10185580
|
04/11/2009
|
3,000,000.00
|
NKGSB
CO-OP. BANK LIMITED |
Jagruti, L. J. Road, Mahim
(West), Mumbai, Maharashtra - 400016, India |
A72873193
|
|
2 |
10009166
|
08/06/2006
|
1,780,000.00
|
Sundaram Finance Limited |
21 Patullos Road, , Chennai, Tamil Nadu
- 600002, India |
A02069433
|
|
3 |
10016098
|
05/05/2006
|
466,000.00
|
Sundaram Finance Limited |
21 Patullos Road, , Chennai, Tamil Nadu
- 600002, India |
A01113224
|
|
4 |
90151667
|
28/09/2005
|
900,000.00
|
Sundaram Finance Limited |
21 Patullos Road, , Chennai, Tamil Nadu
- 600002, India |
- |
|
5 |
90151562
|
06/12/2002
|
877,250.00
|
Sundaram Finance Limited |
21 Patullos Road, , Chennai, Tamil Nadu
- 600002, India |
- |
|
6 |
90149797
|
11/01/2001
|
31,000,000.00
|
Central
Bank of India |
Ballard
Estate Branch, Mumbai, Maharashtra - 400038, India |
- |
|
7 |
90149772
|
06/04/2000
|
31,000,000.00
|
Central
Bank of India |
Ballard
Estate Branch, Mumbai, Maharashtra - 400038, India |
- |
|
8 |
90152019
|
17/02/2000
|
482,000.00
|
The
N K G S B Co Op Bank Limited |
Marol Maroshi Brnach, Marol Maroshi Road Andheri E, Mumbai,
Maharashtra - 400069, India |
- |
|
9 |
90150754
|
08/09/2003
* |
20,582,000.00
|
Central
Bank of India |
Ballard
Estate Branch, Mumbai, Maharashtra - 400038, India |
- |
|
10 |
90152015
|
06/04/2000
* |
20,582,000.00
|
Central
Bank of India |
Ballard
Estate Branch, Mumbai, Maharashtra - 400038, India |
- |
|
11 |
90152002
|
26/10/1999
|
600,000.00
|
The
N K G S B Co Op Bank Limited |
Marol Maroshi
Branch, Mumbai, Maharashtra - 400069, India |
- |
|
12 |
90150476
|
18/03/1998
* |
26,500,000.00
|
Central
Bank of India |
Ballard
Estate Branch, Mumbai, Maharashtra - 400038, India |
- |
|
13 |
90151903
|
23/03/1999
* |
36,500,000.00
|
Central
Bank of India |
Ballard
Estate Branch, Mumbai, Maharashtra - 400038, India |
- |
|
14 |
90151423
|
26/09/1995
|
10,000,000.00
|
Central
Bank of India |
Ballard
Estate Branch, Mumbai, Maharashtra - 400038, India |
- |
|
15 |
90151845
|
14/12/2012
* |
597,400,000.00
|
Central
Bank of India |
Marshall
Building, S.V. Marg, Ballard Estate, Mumbai, Maharashtra - 400001, India |
B66045410
|
|
16 |
90151420
|
07/05/1995
|
19,000,000.00
|
Central
Bank of India |
Ballard
Estate Branch, Mumbai, Maharashtra - 400038, India |
- |
* Date of modification charge
TRADE REFERENCE
·
RSWM Limited
·
Hindustan Zine
·
Rajasthan Spinning and Weaving Mills Limited
FIXED ASSETS:
- Leasehold
land
- Freehold
land and building (Wada)
- Factory
building
- Plant
and machinery
- Factory
Equipments
- Electrical
Fittings
- Office
equipments
- Computer
- Furniture
and fixtures
- Vehicle
- Residential
flat At Kudus
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.58.48 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
5 |
|
--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 |
|
45 |
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.