MIRA
INFORM REPORT
|
Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRINCE PIPES AND FITTINGS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Plot No.1, Honda Industrial Estate, Phase II, Honda Sattari, Honda,
Goa – 403530 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
13.11.1987 |
|
|
|
|
Com. Reg. No.: |
24-006287 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.240.040
Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U26932GA1987PTC006287 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMP06179F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACP2319J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of UPVC Pipes, Fittings, Valves and
PP-R Plumbing Systems. |
|
|
|
|
No. of Employees : |
Information declined by the management. |
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 4420000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered normal for 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.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term OLoans=BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
February, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Non Fund Based Limits=A3 |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
February, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Mayur |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-66022222 |
|
Date : |
27.05.2014 |
LOCATIONS
|
Registered Office : |
Plot No.1, Honda Industrial Estate, Phase II, Honda Sattari, Honda,
Goa – 403530, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Administration Office : |
The Ruby, 8th Floor, 29, Senapati Bapat Marg (Tulsi Pipe
Road), Dadar (West), Mumbai – 400 028, Maharashtra, India |
|
Tel. No.: |
91-22-66022222 |
|
Fax No.: |
91-22-66022220 |
|
|
|
|
Factory 1 : |
|
|
Tel. No.: |
91-260-2640007 |
|
Fax No.: |
91-260-2640082 |
|
|
|
|
Factory 2 : |
Jayant Desai Marg, Survey No.53 and 92, |
|
Tel. No.: |
91-260-2668091 |
|
Fax No.: |
91-260-2668090 |
DIRECTORS
AS ON 25.09.2013
|
Name : |
Mr. Jayant Shamji Chheda |
|
Designation : |
Managing Director |
|
Address : |
Room No.1001, |
|
Date of Birth/Age : |
31.07.1946 |
|
Qualification : |
Inter Arts |
|
Experience : |
44 Years |
|
Date of Appointment : |
13.11.1987 |
|
DIN No.: |
00013206 |
|
PAN No.: |
AABPC1336Q |
|
Voter ID No.: |
MT-06-033-081800 |
|
|
|
|
Name : |
Mr. Parag Jayant Chheda |
|
Designation : |
Whole Time Director |
|
Address : |
Room No.1002, |
|
Date of Birth/Age : |
07.05.1971 |
|
Qualification : |
Associate in Business Administration |
|
Experience : |
17 Years |
|
Date of Appointment : |
27.04.1996 |
|
DIN No.: |
00013222 |
|
PAN No.: |
AABPC3944L |
|
Voter ID No.: |
MT-06-033-081710 |
|
|
|
|
Name : |
Mr. Vipul Jayant Chheda |
|
Designation : |
Director |
|
Address : |
Room No.1001, |
|
Date of Birth/Age : |
08.06.1975 |
|
Qualification : |
B. Com |
|
Experience : |
14 Years |
|
Date of Appointment : |
11.03.1997 |
|
DIN No.: |
00013234 |
|
PAN No.: |
AABPC3945M |
|
Voter ID No.: |
MT-06-033-081688 |
KEY EXECUTIVES
|
Name : |
Mr. Yogesh Patil |
|
Designation : |
Export-Import Department |
|
|
|
|
Name : |
Mr. Mayur |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 25.09.2013
|
Names of Shareholders |
No. of Shares |
|
Jayant Shamji Chheda |
1920000 |
|
Parag Jayant Chheda |
7199200 |
|
Vipul Jayant Chheda |
7200000 |
|
Tarla Jayant Chheda |
7656000 |
|
Jayant Shamji Chheda - Karta - HUF |
24000 |
|
Prince Multiplast Private Limited, |
800 |
|
Pinnacle Realty Projects Private Limited, |
800 |
|
Heena Parag Chheda |
2354 |
|
Ashwini Vipul Chheda |
800 |
|
Total |
24003954 |
Equity Share Break up (Percentage of Total Equity)
AS ON 25.09.2013
|
Category |
Percentage |
|
Bodies corporate |
0.01 |
|
Directors or relatives of Directors |
99.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of UPVC Pipes, Fittings, Valves
and PP-R Plumbing Systems. |
||||||
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|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Bankers : |
· Indian Overseas Bank, Fort Branch, Tamarind House, 30 & 32, Tamarind Lane, Fort, Mumbai – 400023, Maharashtra, India · Bank of India, Mumbai Mid Corporate, 70/80, M.G. Road, Bank of India Building, Mezzanine Floor, Fort, Mumbai – 400001, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India · The Federal Bank Limited, Corporate Banking Branch, 1st Floor, 32, Bombay Samachar Marg, Mumbai – 400001, Maharashtra, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India · ABN Amro Bank N. V., 74, Sakhar Bhavan, 7th Floor, Nariman Point, Mumbai – 400021, Maharashtra, India |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
L.D. Joshi and Associates Chartered Accountants |
|
Address : |
2-G, Court
Chambers, 2nd Floor, (Behind Income Tax Office), 35, New Marine
Lines, Mumbai – 400 020, |
|
Tel. No.: |
91-22-22023058 |
|
Fax No.: |
91-22-22005568 |
|
PAN
of No.: |
AAAPJ4824F |
|
|
|
|
Associated Companies : |
·
Prince Marketing ·
Pinnacle Realty Projects Private Limited ·
Ace Polyplast Private Limited |
CAPITAL STRUCTURE
AS ON 25.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24003954 |
Equity Shares |
Rs.10/- each |
Rs.240.040 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 |
240.040 |
120.020 |
120.012 |
|
(b) Reserves & Surplus |
865.837 |
595.242 |
589.868 |
|
(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) |
1,105.877 |
715.262 |
709.880 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1,143.752 |
626.093 |
486.566 |
|
(b) Deferred tax liabilities (Net) |
133.180 |
119.241 |
99.873 |
|
(c) Other long term liabilities |
72.483 |
55.352 |
0.000 |
|
(d) long-term provisions |
65.328 |
54.853 |
43.320 |
|
Total Non-current Liabilities (3) |
1,414.743 |
855.539 |
629.759 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1,371.503 |
1,168.781 |
1,062.995 |
|
(b) Trade payables |
836.436 |
668.920 |
246.643 |
|
(c) Other current
liabilities |
532.116 |
395.788 |
383.434
|
|
(d) Short-term provisions |
103.532 |
20.066 |
37.576
|
|
Total Current Liabilities (4) |
2,843.587 |
2,253.555 |
1,730.648 |
|
|
|
|
|
|
TOTAL |
5,364.207 |
3,824.356 |
3,070.287 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2,107.260 |
1,547.220 |
1,205.180 |
|
(ii) Intangible Assets |
51.641 |
6.674 |
6.809 |
|
(iii) Capital
work-in-progress |
48.213 |
48.688 |
15.821 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
8.759 |
8.566 |
9.200 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.004 |
1.006 |
334.845 |
|
(e) Other Non-current assets |
45.210 |
20.403 |
10.639 |
|
Total Non-Current Assets |
2,262.087 |
1,632.557 |
1,582.494 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1,227.688 |
805.943 |
514.764
|
|
(c) Trade receivables |
1,503.536 |
1,095.509 |
722.187
|
|
(d) Cash and cash
equivalents |
68.255 |
69.986 |
43.060
|
|
(e) Short-term loans and
advances |
254.336 |
167.875 |
170.972
|
|
(f) Other current assets |
48.305 |
52.486 |
36.810
|
|
Total Current Assets |
3,102.120 |
2,191.799 |
1,487.793 |
|
|
|
|
|
|
TOTAL |
5,364.207 |
3,824.356 |
3,070.287 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8530.749 |
55655.481 |
4457.149 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
711.908 |
260.080 |
316.563 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
211.322 |
159.350 |
125.840 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
500.586 |
100.730 |
190.723 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
117.473 |
23.333 |
52.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
383.113 |
77.397 |
138.684 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Earnings |
NA |
NA |
34.822 |
|
|
TOTAL EARNINGS |
NA |
NA |
34.822 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.96 |
7.23 |
11.56 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
5.87 |
0.18 |
4.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.43 |
2.67 |
6.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45 |
0.14 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.27 |
2.51 |
2.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09 |
0.97 |
0.86 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
120.012 |
120.020 |
240.040 |
|
Reserves & Surplus |
589.868 |
595.242 |
865.837 |
|
Net
worth |
709.880 |
715.262 |
1105.877 |
|
|
|
|
|
|
long-term borrowings |
486.566 |
626.093 |
1143.752 |
|
Short term borrowings |
1062.995 |
1168.781 |
1371.503 |
|
Total
borrowings |
1549.561 |
1794.874 |
2515.255 |
|
Debt/Equity
ratio |
2.183 |
2.509 |
2.274 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
4,457.149 |
55,655.481 |
8,530.749 |
|
|
|
1,148.679 |
(84.672) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
4,457.149 |
55,655.481 |
8,530.749 |
|
Profit |
138.684 |
77.397 |
383.113 |
|
|
3.11% |
0.14% |
4.49% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT
(Rs.
In Millions)
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long-term debt |
259.504 |
252.630 |
237.775 |
|
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 |
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 |
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
Note: Registered Office
of the company has been shifted from Ruby House, 4th Floor, B Wing, J.K.
Sawant Marg, Dadar (West), Mumbai – 400 028, Maharashtra, India to the present
address w.e.f 13.01.2010.
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans and Advances
from Directors |
244.335 |
154.324 |
|
Loans and
Advances from others |
8.214 |
7.367 |
|
Other loans and
Advances |
10.265 |
13.121 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Other loans and
Advances |
509.220 |
327.577 |
|
|
|
|
|
Total |
772.034 |
502.389 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10449047 |
16/01/2014
* |
2,212,500,000.00 |
BANK
OF INDIA |
MUMBAI
MID CORPORATE, 70/80, M.G. ROAD,, BOI BUIL |
B98281249 |
|
2 |
10449048 |
16/01/2014
* |
2,212,500,000.00 |
BANK
OF INDIA |
MUMBAI
MID CORPORATE, 70/80, M.G. ROAD,, BOI BUIL |
B98283682 |
|
3 |
10432364 |
03/02/2014
* |
500,000,000.00 |
STANDARD
CHARTERED BANK |
NARAIN
MANZIL, 23, BARAKHAMBA ROAD, DELHI, DELHI |
B95433314 |
|
4 |
10241068 |
06/09/2010 |
200,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A95161980 |
|
5 |
10241779 |
06/09/2010 |
150,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A95429148 |
|
6 |
10217141 |
24/09/2010
* |
460,000,000.00 |
THE
FEDERAL BANK LIMITED |
CORPORATE
BANKING BRANCH,1ST FLOOR, 32,BOMBAY SAM |
A98571458 |
|
7 |
10216211 |
16/01/2014
* |
638,889,000.00 |
INDIAN
OVERSEAS BANK |
FORT
BRANCH, TAMARIND HOUSE,, 30 & 32, TAMARIND LANE, FORT,, MUMBAI,
MAHARASHTRA - 400023, INDIA |
B98513971 |
|
8 |
10164208 |
03/05/2011
* |
783,200,000.00 |
INDIAN
OVERSEAS BANK |
FORT
BRANCH, TAMARIND HOUSE, 30 & 32, GROUND FLOOR, TAMARIND LANE, MUMBAI,
MAHARASHTRA - 400023, IN |
B14299952 |
|
9 |
10156888 |
14/02/2014
* |
2,212,500,000.00 |
BANK
OF INDIA |
MUMBAI
MID CORPORATE, 70/80, M.G. ROAD,, BANK OF |
B98292675 |
|
10 |
10143642 |
18/02/2009 |
100,000,000.00 |
3I
INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO
6TH FLOOR, INTERNATIONAL INFOTECH PARK,, TOWER NO.5, VASHI RAILWAY STATION
COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A57126385 |
|
11 |
10143644 |
18/02/2009 |
80,000,000.00 |
3I
INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO
6TH FLOOR, INTERNATIONAL INFOTECH PARK,, TOWER NO.5, VASHI RAILWAY STATION
COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A57126963 |
|
12 |
10141343 |
09/02/2009 |
32,000,000.00 |
3I
INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO
6TH FLOOR, INTERNATIONAL INFOTECH PARK,, TOWER NO.5, VASHI RAILWAY STATION
COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A55953046 |
|
13 |
10145128 |
12/08/2013
* |
500,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B86204401 |
|
14 |
10145135 |
16/01/2014
* |
91,340,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B98020266 |
|
15 |
10090673 |
01/03/2008 |
30,000,000.00 |
3I
INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD
TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,, TOWER NO.5, VASHI RAILWAY STATION
COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A33533720 |
|
16 |
10058035 |
15/12/2006 |
128,200,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A09086471 |
|
17 |
10104991 |
31/07/2006 |
40,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A06030829 |
|
18 |
10008147 |
15/05/2006 |
80,000,000.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH (MUMBAI), N.G.N. VAIDYA MARG, FORT, MUMBAI, MAHARASHTRA - 400023,
INDIA |
A01346717 |
|
19 |
10008434 |
07/03/2006 |
170,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A01786581 |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Electrical Installation
· Computer
· Moulds and Dies
· Office Equipments
· Furniture and Fixtures
· Vehicles
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.98.67 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
6 |
|
--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 |
|
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.