MIRA
INFORM REPORT
|
Report Date : |
02.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
G M SYNTEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Dhanasingh Processors Compound, J B Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.11.1999 |
|
|
|
|
Com. Reg. No.: |
11-122522 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.464 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17100MH1999PTC122522 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG9034H |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Subject is engaged in the manufacture of fancy curtain fabrics. |
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|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. Financial position of the company seems to be decent. Trade relations arte fair. Business is active. Payment terms are
usually correct. The company can be considered for business dealing 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
N E W S
Verdict
Implications: Apex court order may alter coal import dynamics. Traders go slow
on talks over coal supply contracts, uncertainty over cancellation of blocks
weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains revenue
guidance. COO Rao says attrition still an area of concern and it would take a
few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits – Term loans: “BBB-“ |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
November 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non fund based limits – Bank Guarantee: “A3“ |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
November 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
31-03-2014.
INFORMATION DENIED
|
Name : |
Mr. Jagdish Mahajan |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-61559898 |
|
Date: |
30.09.2014 |
LOCATIONS
|
Registered Office : |
Dhanasingh Processors Compound, J B Nagar, Andheri Kurla Road, Mumbai
– 400059, Maharashtra, India |
|
Tel. No.: |
91-22-66921560/ 61559898 |
|
Fax No.: |
91-22-66164014 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory: |
Plot No. D-21/1/1, Plot No. D-21/2/1, Plot No. E-37 and E-38, Plot No. E-32/1/1 and Plot No.E-32/1/2, M.I.D.C, Tarapur Industrial Area, Boisar, Thane |
DIRECTORS
As on: 30.09.2013
|
Name : |
Ms. Raviderkaur K G Singh Chugha |
|
Designation : |
Director |
|
Address : |
801, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
28.01.1950 |
|
Date of Appointment : |
20.07.2005 |
|
PAN No.: |
ACYPC2650E |
|
DIN No. : |
00136434 |
|
|
|
|
Name : |
Mr. Dalbir Singh Gurbakhshish Singh |
|
Designation : |
Director |
|
Address : |
901, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1981 |
|
Date of Appointment : |
20.07.2005 |
|
PAN No.: |
ACVPC4531F |
|
DIN No. : |
00136561 |
|
|
|
|
Name : |
Mrs. Chandeep Harvindersingh Chadha |
|
Designation : |
Director |
|
Address : |
901, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
03.02.1986 |
|
Date of Appointment : |
04.12.2006 |
|
DIN No. : |
01031048 |
|
|
|
|
Name : |
Mr. Omkarnath Parmanand Malhotra |
|
Designation : |
Director |
|
Address : |
T-2/101, Sunder Nagar, S.V. Road, Malad (West), Mumbai – 400096, Maharashtra, India |
|
Date of Birth/Age : |
01.08.1945 |
|
Date of Appointment : |
15.03.2009 |
|
DIN No. : |
01346267 |
|
|
|
|
Name : |
Mr. Gurbakshish Singh |
|
Designation : |
Director |
|
Address : |
801, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
20.12.1949 |
|
Date of Appointment : |
03.11.1999 |
|
PAN No.: |
ACHPC1680R |
|
DIN No. : |
01332493 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Gurbakshish Singh |
62653 |
|
Raviderkaur G Singh Chugha |
60462 |
|
Dalbir Singh |
60559 |
|
Chandeep Kaur |
60000 |
|
Gurbakshish Singh HUF |
62033 |
|
Gurdeep Kaur |
24438 |
|
Jagdish Kaur |
24438 |
|
Dhanasingh Finishers Private Limited, |
58705 |
|
Kim Fashion Exports Private Limited, |
58700 |
|
Jagdish Polyster Private Limited, |
35000 |
|
Jagdish Kaur and Ms. Gurdeep Kaur |
4998 |
|
Manohar Fashion (Manufacturer) Private Limited, |
11775 |
|
|
121 |
|
Gagandeep Kaur |
2450 |
|
Pure Drapes Private Limited, |
60000 |
|
Dalbir Singh HUF |
60000 |
|
Dilpreet Kaur Batra |
100 |
|
Total |
646432 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
34.00 |
|
Directors or relatives of directors |
|
66.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacture of fancy curtain fabrics. |
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Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Finished Fabrics |
Mtrs. |
6994367.730 |
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
Punjab and Sind Bank, Shahid Bhagat Singh Colony, J B Nagar, Andheri
Kurla Road, Andheri (East), Mumbai - 400059, Maharashtra, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B P Trivedi and Associates Chartered Accountants |
|
Address : |
3/926 Navjivan Commercial Premises Co-operative Society Limited, |
|
PAN No.: |
AADPT6694C |
|
|
|
|
Associates: |
· Manohar Fashion Mfg. Company Private Limited · Dhana Singh Processors · Pee Gee Fabrics Private Limited · Pee Gee Synthetics Private Limited · G. M. Polyester · Saveer Creations · Ravinder Silk Factory · Bap Educate Private Limited · Standered Metal Wires Private Limited · Dhana Singh Sons Private Limited · Kim Fashions Exports Private Limited · Dhana Singh Finishers Private Limited · Sidana Silk Mills Private Limited |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
646432 |
Equity Shares |
Rs.10/- each |
Rs. 6.464
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 |
6.464 |
6.464 |
6.464 |
|
(b) Reserves & Surplus |
761.246 |
692.730 |
627.407 |
|
(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) |
767.710 |
699.194 |
633.871 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
272.026 |
382.243 |
394.589 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
201.196 |
249.665 |
150.195 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
473.222 |
631.908 |
544.784 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
165.429 |
179.955 |
168.275 |
|
(b) Trade payables |
184.600 |
134.071 |
153.399 |
|
(c) Other current liabilities |
11.236 |
8.981 |
39.936 |
|
(d) Short-term provisions |
90.635 |
225.069 |
172.637 |
|
Total Current Liabilities (4) |
451.900 |
548.076 |
534.247 |
|
|
|
|
|
|
TOTAL |
1692.832 |
1879.178 |
1712.902 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
705.904 |
791.436 |
794.015 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
33.164 |
51.209 |
10.786 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.438 |
4.438 |
4.437 |
|
(c) Deferred tax assets (net) |
54.864 |
42.335 |
29.523 |
|
(d) Long-term Loan and Advances |
17.231 |
16.916 |
16.093 |
|
(e) Other Non-current assets |
0.061 |
0.998 |
1.932 |
|
Total Non-Current Assets |
815.662 |
907.332 |
856.786 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
7.847 |
|
(b) Inventories |
252.931 |
204.413 |
277.899 |
|
(c) Trade receivables |
446.376 |
492.688 |
310.490 |
|
(d) Cash and cash equivalents |
8.586 |
5.367 |
4.320 |
|
(e) Short-term loans and advances |
169.277 |
269.378 |
255.560 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
877.170 |
971.846 |
856.116 |
|
|
|
|
|
|
TOTAL |
1692.832 |
1879.178 |
1712.902 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2216.508 |
2145.860 |
1377.378 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1920.035 |
1826.716 |
1065.954 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
296.473 |
319.144 |
311.424 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
194.254 |
220.569 |
201.467 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
102.219 |
98.575 |
109.957 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
33.704 |
33.253 |
43.290 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
68.515 |
65.322 |
66.667 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
NA |
1081.193 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
|
|
10.394 |
|
|
|
Plant and Machinery |
|
|
134.710 |
|
|
|
Yarn |
|
|
75.271 |
|
|
|
Wall paper and Fabrics |
|
|
19.031 |
|
|
|
Tracing/Designing Paper |
|
|
7.507 |
|
|
|
Grey Sample |
|
|
0.000 |
|
|
|
Colours & Chemicals |
|
|
0.478 |
|
|
|
Grey fabrics |
|
|
1.021 |
|
|
TOTAL IMPORTS |
NA |
NA |
248.412 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
105.99 |
101.00 |
103.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.09 |
3.05 |
4.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.39 |
5.53 |
6.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.15 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.57 |
0.81 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94 |
1.77 |
1.60 |
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 |
6.464 |
6.464 |
6.464 |
|
Reserves & Surplus |
627.407 |
692.730 |
761.246 |
|
Net worth |
633.871 |
699.194 |
767.710 |
|
|
|
|
|
|
long-term borrowings |
394.589 |
382.243 |
272.026 |
|
Short term borrowings |
168.275 |
179.955 |
165.429 |
|
Total borrowings |
562.864 |
562.198 |
437.455 |
|
Debt/Equity ratio |
0.888 |
0.804 |
0.570 |
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) |
|
Total Income |
1377.378 |
2145.860 |
2216.508 |
|
|
|
55.793 |
3.292 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
1377.378 |
2145.860 |
2216.508 |
|
Profit |
66.667 |
65.322 |
68.515 |
|
|
4.84% |
3.04% |
3.09% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT
MATURITIES OF LONG TERM DEBT: NOT AVAILABLE
|
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 |
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 |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10425573 |
16/04/2013 |
116,000,000.00 |
PUNJAB AND SIND BANK |
ANDHERI (EAST) BRANCH, 101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B75090662 |
|
2 |
10339447 |
12/01/2012 |
38,000,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B33812389 |
|
3 |
10358389 |
11/06/2011 |
20,000,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B35327931 |
|
4 |
10260689 |
22/11/2010 |
89,500,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B03347721 |
|
5 |
10243113 |
12/07/2011 * |
673,800,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B38085916 |
|
6 |
10236395 |
26/07/2010 |
25,000,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A92855105 |
|
7 |
10208598 |
25/02/2010 |
103,000,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A81620825 |
|
8 |
10194675 |
02/12/2009 |
68,100,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A76652213 |
|
9 |
10142611 |
11/06/2011 * |
195,000,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B36120368 |
|
10 |
10142604 |
22/11/2010 * |
93,643,577.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B03349313 |
|
11 |
10111654 |
15/04/2008 |
43,500,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A40843385 |
|
12 |
10109616 |
15/04/2008 |
129,200,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A40843328 |
|
13 |
10111662 |
15/04/2008 |
213,500,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A40843765 |
|
14 |
10098053 |
15/03/2008 |
18,600,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A36322295 |
|
15 |
10091050 |
11/12/2007 |
21,200,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A33845561 |
|
16 |
10091053 |
11/12/2007 |
21,200,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A33846676 |
|
17 |
10071842 |
04/10/2007 |
110,600,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A24995714 |
|
18 |
10071186 |
12/03/2012 * |
633,300,000.00 |
PUNJAB AND SIND BANK |
SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI- |
B38087136 |
|
19 |
10067572 |
22/08/2007 |
15,000,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A22746770 |
|
20 |
10060917 |
18/07/2007 |
37,500,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A19423284 |
|
21 |
10060578 |
09/07/2007 |
95,600,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A19389295 |
|
22 |
10060671 |
30/06/2007 |
170,000,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A19391960 |
|
23 |
10058090 |
20/06/2007 |
13,000,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A18185934 |
|
24 |
10058091 |
12/06/2007 |
10,000,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A18186494 |
|
25 |
10050645 |
20/04/2007 |
14,800,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A14961999 |
|
26 |
10050637 |
20/04/2007 |
14,800,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A14949663 |
|
27 |
10044201 |
23/01/2007 |
80,300,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A10239192 |
|
28 |
10035387 |
29/12/2006 |
23,300,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A10239200 |
|
29 |
10044181 |
19/12/2006 |
13,800,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A10239259 |
|
30 |
10030933 |
16/11/2006 |
24,000,000.00 |
PUNJAB AND SIND BANK |
ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A08819914 |
|
31 |
10026363 |
07/11/2006 |
15,000,000.00 |
PUNJAB ABD SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A06887533 |
|
32 |
10001904 |
28/03/2006 |
13,800,000.00 |
PUNJAB AND SIND BANK |
ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A00404467 |
|
33 |
90178339 |
20/01/2005 * |
6,000,000.00 |
PUNJAB AND SIND BANK |
ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
- |
|
34 |
90182995 |
17/06/2005 * |
6,000,000.00 |
PUNJAB AND SIND BANK |
ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
- |
|
35 |
80005809 |
31/05/2006 * |
11,500,000.00 |
PUNJAB AND SIND BANK |
ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
- |
|
36 |
80005828 |
05/05/2006 * |
2,500,000.00 |
PUNJAB AND SIND BANK |
ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
- |
|
37 |
90147461 |
15/09/2006 * |
7,500,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
- |
|
38 |
90177596 |
24/01/1996 * |
5,000,000.00 |
PUNJAB AND SIND BANK |
BHANGWADI, MUMBAI - 400002, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Land
Buildings
Residential
Building
Factory
Building
Other
Building
Plant
and Equipment
Factory
Equipments
Other
plant and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
Computer
Equipments
Other
Equipments
Plantations
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. 61.75 |
|
|
1 |
Rs. 100.07 |
|
Euro |
1 |
Rs. 77.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared by
: |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
|
48 |
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.