MIRA INFORM REPORT
|
Report Date : |
17.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
FLEMINGO DUTYFREE SHOP PRIVATE LIMITED - 290702_MIRAFLEMINGO DUTYFREE SHOP
PRIVATE LIMITED - 290702_MIRAFLEMINGO DUTYFREE SHOP PRIVATE LIMITED -
290702_MIRA |
|
|
|
|
Registered
Office : |
D-73/1, TTC Industrial Area, MIDC Turbhe, Navi Mumbai - 400705,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.03.2004 |
|
|
|
|
Com. Reg. No.: |
11-144881 |
|
|
|
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Capital
Investment / Paid-up Capital : |
Rs.0.507 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2004PTC144881 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF7909E |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
The Company is
in the business of duty free sale of goods including operating Dutyfree shops
at various Airports, Sea ports, International borders, In-flight duty free,
Downtown diplomatic shops, UN Commissary shops etc. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
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 |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The rating reflects sound financial risk profile marked by heathy
reserves position and good profitability of the company during F.Y 2013. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct and as per commitment. 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
N E W S
Verdict Implications:
Apex court order may alter coal import dynamics. Traders go slowly 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 |
Long Term Fund Based Limits = BBB |
|
Rating Explanation |
Moderate degree of safety and low credit
risk. |
|
Date |
October, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Fund Based = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
October, 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
Management Non Co-Operative (Tel No.: 91-22-66269999)
LOCATIONS
|
Registered Office : |
D-73/1 TTC Industrial Area, MIDC, Turbhe, Navi Mumbai – 400705, Maharashtra, India |
|
Tel. No.: |
91-22-27619126/ 27672719-20/ 66269999 |
|
Fax No.: |
91-22-27630624/ 27672718 |
|
E-Mail : |
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|
Website : |
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Admin Office : |
Old No. 16A, New No. 35, 1st Floor KV Apartments Poes, Chennai -
600086, Tamilnadu, India |
|
Tel. No.: |
91-44-43144736 |
|
Fax No.: |
91-44-24992412 |
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|
Airports : |
Located at:
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|
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|
Sea Ports : |
Located at:
|
DIRECTORS
As on 27.08.2013
|
Name : |
Mr. Rasiklala Rattilal Thakker |
|
Designation : |
Director |
|
Address : |
P O Box No. 61239, Jebel Ali Free Zone, Dubai - 61239, United Arab Emirates |
|
Date of Birth/Age : |
13.03.1954 |
|
Date of Appointment : |
05.03.2004 |
|
DIN No.: |
00539051 |
|
|
|
|
Name : |
Mr. Mahandra Kumar Parashothamdas Thakar |
|
Designation : |
Director |
|
Address : |
P O Box No. 61239, Jebel Ali Free Zone, Dubai - 61239, United Arab Emirates |
|
Date of Birth/Age : |
20.02.1952 |
|
Date of Appointment : |
05.03.2004 |
|
DIN No.: |
00547983 |
|
|
|
|
Name : |
Mr. Viren Vini Ahuja |
|
Designation : |
Director |
|
Address : |
Bungalow No. 1, Neelkanth Theerth, Road No-6, Chembur, Mumbai – 400088, Maharashtra, India |
|
Date of Birth/Age : |
21.08.1964 |
|
Date of Appointment : |
05.03.2004 |
|
DIN No.: |
00016317 |
MAJOR SHAREHOLDERS
As on 27.08.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Viren Vini Ahuja |
5000 |
9.86 |
|
Arjun A. Ahuja |
2500 |
4.93 |
|
Karan A. Ahuja |
2500 |
4.93 |
|
Flemingo International (BVI) Limited, Islands |
40566 |
79.99 |
|
Symbolic Infra Projects Private Limited, India |
150 |
0.30 |
|
Total |
50716 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 27.08.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
79.98 |
|
Bodies corporate |
0.30 |
|
Directors or relatives of Directors |
19.72 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is
in the business of duty free sale of goods including operating Dutyfree shops
at various Airports, Sea ports, International borders, In-flight duty free,
Downtown diplomatic shops, UN Commissary shops etc. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
||||||||||||||||||
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Bankers : |
· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai- 400018, Maharashtra, India Tel No.: 91-22-66699000 · The Federal Bank Limited, 51 Apsara Apartments, Sector 17, Vashi - Navi Mumbai, Mumbai - 400702, Maharashtra, India Tel No.: 91-22-24899656 · Dhanlaxmi Bank Limited, Janmabhoomi Bhavan, Janmabhoomi Marg, Fort, Mumbai – 400001, Maharashtra, India Tel No.: 91-22-22022943 · Bank of India, Mumbai MID Corporate Branch, BOI Building, 70/80, M G Road, Fort, Mumbai – 400001, Maharashtra, India |
||||||||||||||||||
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Facilities : |
|
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|
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Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
Uberoi Sood and Kapoor Chartered Accountants |
|
Address : |
606, Vishal Bhavan, 95-Nehru Place, New Delhi-110019,
India |
|
PAN No.: |
AAASU1674L |
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|
|
|
Holding Company: |
· Flemingo International (BVI) Limited, Virgin Islands, British (Holding 45.05% Equity Shares in the company till 13 September 2012. Its holding has increased to 79.99% w.e.f. 14 September 2012) |
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|
|
|
Ultimate Holding
Company: |
· Sapphaire International Limited, BVI |
|
|
|
|
Subsidiaries
and step down Subsidiaries : |
· Flemingo (DFS) Private Limited, India · Flemingo International Limited, BVI - Dubai · Iris Ekspree Gumruksuz Satis Magazalari Ticaret A. S., Turkey · Dutyfree Distribution Services Private Limited · Mundi Trading Lda, Cape Verde · Flemingo Middle East Limited, U.A.E. · Flemingo International DRC SPRL, DRC · Flemingo International Limited, MALAWI · Flemingo International (Liberia), Limited · Bilsan Pazarlama Ve Dagitim Ticarel Anonim Sirketi - Turkey · Flemingo Bangladesh Limited · Flemingo International (Bangladesh) Limited · Alpha and Omega Limited, malawi · Supply Centre FZE · Flemingo International LDA, Guinea Bissau · F I (Gambia) Limited · Flemingo International FZE, (Djibouti) · Flemingo Duty Free Shops International SA (PTY) Limited, South Africa · DFS Flemingo SA (Propriety) Limited · International Brands Private Limited, Maldives · International Limited, Togo Sarl · DRC Duty Free International Sprl · Flemingo International (Pty) Limited, Botswana · Flemingo Duty Free Shop Limited, Nigeria · DUTY free Shop Limited, Zimbabwe · Flemingo International Bvi Sarl -DRC · Flemingo Ics Botswana (Pty) Limited · Flemingo International Limited - Laos PDR · Flemingo International Limited - Senegal SURL · FI Mozambique Limitada Mozambique · Flemingo International (South Sudan) Limited · Flemingo Duty Free (Private) Limited, Srilanka · Flemingo Lanka (Private) Limited, Srilanka · National Security Forces Holdings Limited, Uganda · Flemingo Duty Free (Mauritius) Limited · Flemingo Mscl Duty Free Limited · Flemingo Duty Free Services Limited · General Distribution Ocean Indien LTEE · Flemingo Distribution Limited · Ashod Holdings Limited, Cyprus · P.H.Z Baltona S.A · Baldemar Holdings · Centrum Obslugi and Operacyjnej SP.Z.O.O · Efektywne Centrum Operacyjnej SP. Z.O.O · Baltona Shipchandlers SP.Z O.O · Centrum Uslug Wspolnych Baltona SP.Z O.O · S.C Gredy S.R.L · Baltona France S.A.S · Magna Project SP.Z.O.O · Big Venture SP.Z.O.O · BH Travel Retail Poland SP.Z O.O · Phoenix Duty Free LLC Georgia · Flemingo Duty Free LLC Ukraine |
|
|
|
|
Enterprises over which key management
personnel or their relatives exercise significant influence: |
· Flemingo Jewellery India Private Limited · Bermaco Energy Systems Limited · Bermaco Industries Limited · Dutyfree Distribution Services Private Limited · Flemingo Liners Private Limited · Bermaco Petroleum Industries · Smarniya Properties Private Limited · Chistiya Containers Private Limited. · Spare Support Solutions Private Limited · PTC Bermaco Green Energy Systems Limited · Airspace Infrastructure Private Limited · Venus Design · Flemingo Retail Private Limited |
CAPITAL STRUCTURE
As on 27.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
4000000 |
Preference Shares |
Rs.100/- each |
Rs.400.000 Millions |
|
|
Total |
|
Rs.500.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50715 |
Equity Shares |
Rs.10/- each |
Rs.0.507
Million |
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 |
0.507 |
400.333 |
400.333 |
|
(b) Reserves & Surplus |
2186.995 |
960.973 |
951.910 |
|
(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) |
2187.502 |
1361.306 |
1352.243 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
115.162 |
169.250 |
7.862 |
|
(b) Deferred tax liabilities (Net) |
9.507 |
8.659 |
7.115 |
|
(c) Other long term
liabilities |
78.599 |
118.656 |
107.304 |
|
(d) long-term
provisions |
3.934 |
2.361 |
2.205 |
|
Total Non-current
Liabilities (3) |
207.202 |
298.926 |
124.486 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
113.562 |
693.587 |
700.368 |
|
(b) Trade
payables |
809.750 |
674.845 |
260.941 |
|
(c) Other
current liabilities |
189.157 |
248.219 |
229.678 |
|
(d) Short-term
provisions |
98.050 |
4.084 |
29.158 |
|
Total Current
Liabilities (4) |
1210.519 |
1620.735 |
1220.145 |
|
|
|
|
|
|
TOTAL |
3605.223 |
3280.967 |
2696.874 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
153.013 |
158.012 |
151.207 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2.960 |
1.536 |
1.746 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1745.557 |
1624.313 |
1490.807 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
260.287 |
10.477 |
52.618 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2161.817 |
1794.338 |
1696.378 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
14.000 |
13.224 |
55.529 |
|
(b)
Inventories |
386.580 |
368.711 |
444.849 |
|
(c) Trade
receivables |
86.110 |
106.492 |
18.301 |
|
(d) Cash
and cash equivalents |
327.188 |
372.488 |
287.308 |
|
(e)
Short-term loans and advances |
629.528 |
625.714 |
194.510 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1443.406 |
1486.629 |
1000.497 |
|
|
|
|
|
|
TOTAL |
3605.223 |
3280.967 |
2696.874 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3184.691 |
1989.083 |
1601.833 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
425.920 |
27.678 |
259.267 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
149.925 |
18.615 |
54.103 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
275.995 |
9.063 |
205.164 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
749.496 |
740.433 |
535.269 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1025.491 |
749.496 |
740.433 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2983.946 |
1753.860 |
1325.959 |
|
|
TOTAL EARNINGS |
2983.946 |
1753.860 |
1325.959 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
885.230 |
355.167 |
|
|
TOTAL IMPORT |
NA |
885.230 |
355.167 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
6,512 |
272 |
8,089 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
13.37
|
1.39 |
16.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.94
|
1.67
|
21.53
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.02
|
0.19
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.10
|
0.63
|
0.52
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19
|
0.92
|
0.82
|
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 |
400.333 |
400.333 |
0.507 |
|
Reserves & Surplus |
951.910 |
960.973 |
2186.995 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1352.243 |
1361.306 |
2187.502 |
|
|
|
|
|
|
Long Term borrowings |
7.862 |
169.250 |
115.162 |
|
Short Term borrowings |
700.368 |
693.587 |
113.562 |
|
Total
borrowings |
708.230 |
862.837 |
228.724 |
|
Debt/Equity
ratio |
0.524 |
0.634 |
0.105 |
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 |
1,601.833 |
1,989.083 |
3,184.691 |
|
|
|
24.175 |
60.109 |
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
|
1,601.833 |
1,989.083 |
3,184.691 |
|
Profit |
205.164 |
9.063 |
275.995 |
|
|
12.81% |
0.46% |
8.67% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long term debt |
54.298 |
55.646 |
4.537 |
|
Total |
54.298 |
55.646 |
4.537 |
|
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 |
No |
|
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 |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Other Loans and Advances |
2.828 |
7.250 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and Advances from Others |
2.702 |
241.285 |
|
Total |
5.530 |
248.535 |
GENERAL
INFORMATION
The company is a company,
with its registered office at D-73/1, TTC Industrial Area, MIDC, Turbhe, Navi
Mumbai – 400705. The Company is in the business of duty free sale of goods
including operating Dutyfree shops at various Airports, Sea ports,
International borders, In-flight duty free, Downtown diplomatic shops, UN
Commissary shops etc.
REVIEW OF
OPERATIONS
During the year, the Company had achieved sales of Rs.3184.691 Millions
as against Rs.1989.083 Millions in the previous year. The net profit for the
year was Rs.275.995 Millions as against Rs.9.063 Millions during the previous
financial year. The directors are continuously looking for avenues for future
growth of the Company.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10519245 |
03/09/2014 |
350,000,000.00 |
The Ratnakar Bank Limited |
Shahupuri, Kolhapur, Maharashtra – 416001, India |
C20059895 |
|
2 |
10452227 |
26/08/2013 |
600,000,000.00 |
BANK OF INDIA |
Mumbai Midcorporate Branch, Boi Bldgs 70/80,Mg Road Fort, Mumbai, Maharashtra - 400001, India |
B86324134 |
|
3 |
10324168 |
01/08/2013 * |
350,000,000.00 |
YES BANK LIMITED |
9th Floor, Nehru Centre,
Discovery Of India, Dr. |
B83138974 |
|
4 |
10311817 |
16/04/2012 * |
950,000,000.00 |
The Federal Bank Limited |
51, Apasara Apartments, Sector 17, Vashi, Navi Mumbai, Maharashtra - 400703, India |
B40002883 |
|
5 |
10265343 |
01/07/2014 * |
166,000,000.00 |
State Bank of India |
SME Backbay Reclamation Branch, Mittal Court, 'B' Wing, Ground Floor, Nariman Point, Mumbai, Maharashtra - 400021, India |
C17956699 |
|
6 |
10175141 |
05/08/2009 |
550,000,000.00 |
The Federal Bank Limited |
51, Apasara Apartments, Sector 17, Vashi, Navi Mumbai, Maharashtra - 400703, India |
A68952241 |
|
7 |
10175142 |
05/08/2009 |
550,000,000.00 |
The Federal Bank Limited |
51, Apasara Apartments, Sector 17, Vashi, Navi Mumbai, Maharashtra - 400703, India |
A68952316 |
|
8 |
10169616 |
17/06/2009 |
150,000,000.00 |
The Federal Bank Limited |
51, Apasara Apartments, Sector 17, Vashi, Navi Mumbai, Maharashtra - 400703, India |
A66591892 |
|
9 |
10169430 |
17/06/2009 |
250,000,000.00 |
The Federal Bank Limited |
51, Apasara Apartments, Sector 17, Vashi, Navi Mumbai, Maharashtra - 400703, India |
A66593518 |
|
10 |
10174419 |
17/06/2009 |
250,000,000.00 |
The Federal Bank Limited |
51, Apasara Apartments, Sector 17, Vashi, Navi Mumbai, Maharashtra - 400703, India |
A66594185 |
|
11 |
10038573 |
25/06/2007 * |
480,000,000.00 |
The Federal Bank Limited |
51, Apasara Apartments, Sector 17, Vashi, Navi Mumbai, Maharashtra - 400703, India |
A20588356 |
*Date of modification Charges
FIXED ASSETS:
· Building
· Furniture and Fixture
· Air conditioner
· Computer
· Bar code scanner and printer
· Fire Extinguisher
· Mobile Phone
· Vehicles
· Fax Machines
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. |
|
|
1 |
Rs. |
|
Euro |
1 |
Rs. |
INFORMATION DETAILS
|
Information
Gathered by : |
|
|
|
|
|
Analysis Done by
: |
|
|
|
|
|
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 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
50 |
|
|
|
|
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.