MIRA
INFORM REPORT
|
Report Date : |
30.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
CLEAN SCIENCE AND TECHNOLOGY PRIVATE LIMITED (w.e.f. 25.08.2006) |
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Formerly Known
As : |
SRI DISTIKEMI PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
07.11.2003 |
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Com. Reg. No.: |
11-018532 |
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Capital Investment
/ Paid-up Capital : |
Rs.14.157
Millions |
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CIN No.: [Company Identification
No.] |
U24114PN2003PTC018532 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEC06945B |
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PAN No.: [Permanent Account No.] |
AAICS9799K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Chemical. |
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No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 a satisfactory track. Financial position of the company seems to be decent. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered for normal 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 |
CRISIL |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk |
|
Date |
17.02.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk |
|
Date |
17.02.2014 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sagar Shelke |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-20-26899953 |
LOCATIONS
|
Registered Office : |
Shubham Navin Nagar Road, Sangamner – 422605, 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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Location : |
Owned |
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Corporate Office : |
Office No. 503, 5th Floor, Pentagon Tower 4, Magarpatta Road,
Hadapsar, Pune – 411028, Maharashtra, India |
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Tel. No.: |
91-20-26899953 |
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Fax No.: |
91-20-26898894 |
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E-Mail : |
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Factory : |
Plot No. D-28, MIDC, Kurkumbh, District Pune – 413802, Maharashtra,
India |
DIRECTORS
AS ON 08.08.2013
|
Name : |
Mr. Pradeep Ramwilas Rathi |
|
Designation : |
Director |
|
Address : |
2, Boat Club Road, Pune – 411001, Maharashtra, India |
|
Date of Birth/Age : |
20.05.1953 |
|
Date of Appointment : |
15.12.2006 |
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DIN No.: |
00018577 |
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Name : |
Mr. Sanjay Kothari |
|
Designation : |
Director |
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Address : |
Flat No.1402, 14th Floor, Gundecha Garden, D-wing, Bombay
gas Compound, Lalbaug, Mumbai – 400012, Maharashtra, India |
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Date of Birth/Age : |
04.11.1963 |
|
Date of Appointment : |
29.09.2010 |
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DIN No.: |
00258316 |
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Name : |
Mr. Krishnakumar Ramnarayan Boob |
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Designation : |
Director |
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Address : |
Shubham, Behind Tulsi Market, New Nagar Road, Sangamner – 422605,
Maharashtra, India |
|
Date of Birth/Age : |
31.05.1955 |
|
Date of Appointment : |
07.11.2003 |
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DIN No.: |
00410672 |
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|
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Name : |
Mr. Ashok Ramnarayan Boob |
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Designation : |
Director |
|
Address : |
House No.1588, Ashok Chock, Sangamner, Ahmednagar – 422605,
Maharashtra, India |
|
Date of Birth/Age : |
02.09.1953 |
|
Date of Appointment : |
28.07.2007 |
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DIN No.: |
00410740 |
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|
Name : |
Mr. Ganpathi Dadasaheb Yadav |
|
Designation : |
Director |
|
Address : |
Flat No.7, University Staff Quarters, UDCT Campus, R A Kidwai Road, Matunga,
Mumbai – 400019, Maharashtra, India |
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Date of Birth/Age : |
14.09.1952 |
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Date of Appointment : |
15.12.2006 |
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DIN No.: |
02235661 |
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Name : |
Mr. Siddhartha Ashokkumar Sikchi |
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Designation : |
Director |
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Address : |
12, Shilp Nagar, Railway Station Road, Behind Dr. Dumir Hospital,
Aurangabad – 431005, Maharashtra, India |
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Date of Birth/Age : |
06.11.1981 |
|
Date of Appointment : |
15.12.2006 |
|
DIN No.: |
02351154 |
KEY EXECUTIVES
|
Name : |
Mr. Sagar Shelke |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 08.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Krishnakumar Ramnarayan Boob |
|
213065 |
|
Ashok Ramnarayan Boob |
|
307480 |
|
Asha Ashok Boob |
|
270890 |
|
Nidhi Ashok Boob |
|
20 |
|
Parth Ashok Boob |
|
20 |
|
Neelima Krishna Boob |
|
61020 |
|
Shraddha Krishna Boob |
|
20 |
|
Pooja Krishna Boob |
|
20 |
|
Prasad Krishna Boob |
|
20 |
|
Siddhartha Ashok Boob |
|
45006 |
|
Asha Ashok Sikchi |
|
35104 |
|
Ashok Sikchi |
|
31382 |
|
Ashok R Sikchi (HUF) |
|
172876 |
|
Nandita Sikchi |
|
30400 |
|
Kunal Sikchi |
|
34504 |
|
Anantroop Financial Advisory Services Private Limited, India |
|
69678 |
|
Ganapati Dadasaheb Yadav |
|
3000 |
|
Dilip Digambar Ravetkar |
|
3000 |
|
Krishna Boob (HUF) |
|
54600 |
|
Ashok R. Boob (HUF) |
|
83622 |
|
|
|
|
|
Total |
|
1415727 |
AS ON 08.08.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
4.92 |
|
Directors or relatives of Directors |
94.87 |
|
Other top fifty shareholders |
0.21 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Chemical. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
European Countries ·
USA ·
China |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Bahrain |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
MEHO |
MT |
540 |
300.46 |
|
Guaiacol |
MT |
160 |
107.88 |
|
4- Map |
MT |
180 |
111.81 |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
·
State Bank of Hyderabad, Pune Main Branch, Laxmi
Road, Sadashiv Peth, Pune – 411030, Maharashtra, India ·
Citi Bank N.A., Ground Floor, 37/3, Onyx Tower, Near
Western Hotel, North Main Road, Koregaon Park, Pune – 411001, Maharashtra,
India ·
State Bank of India, Commercial Branch, 1548/A
Off Tilak Road, Sadashiv Peth, Pune - 411030, Maharashtra, India Tel No.: 91-20-24442123 ·
Small Industries Development Bank of India, 1st Floor, Atlanta, 209 V. K. Shah Marg,
Nariman Point, Mumbai - 400021, Maharashtra, India |
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Facilities : |
Notes: Short
Term Borrowings State Bank of
Hyderabad Hypothecation of all current assets of the company, present and future Second charge on fixed assets of the company. Second charge on equitable mortgage of immovable properties at plot
No.6, Sr. No.71 and 72, Sneh Park Cooperative Housing Society, Next to Pan
Card Club Baner 5587 Sq. ft. Owned by Mr. Ashok Boob and Mr. Krishna Boob State
Bank of India Hypothecation Charge on Stock, Stores and Spare, Consumables nd Book
Debts. Collateral – 1st pari passu charge on free hold land adm
550sq mtrs owned by Mr. Ashol Boob at Plot No.6, Sr. No.71 and 72, Sneh Park
Cooperative Housing Society, Next to Pan Card Club Baner. 1st pari passu charge with SBH on lease hold land adm
30000sq. mtrs held in the name of the company and situated at MIDC Kurkumbh,
Pune with Existing Industrial shed/office building adm 3163 sq mtrs and
proposed industries shed adm 2295 sq mtrs. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Sanjay S Rathi and Company Chartered Accountants |
|
Address : |
1st Cross Lane, New Nagar Road, Sangamner - 422605,
Maharashtra, India |
|
PAN No.: |
AATFM8591M |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1415727 |
Equity Shares |
Rs.10/- each |
Rs.14.157
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 |
14.157 |
14.157 |
14.157 |
|
(b) Reserves & Surplus |
228.394 |
92.616 |
68.265 |
|
(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) |
242.551 |
106.773 |
82.422 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
137.447 |
120.327 |
57.483 |
|
(b) Deferred tax liabilities
(Net) |
22.027 |
16.946 |
5.162 |
|
(c) Other long term
liabilities |
30.422 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
189.896 |
137.273 |
62.645 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
129.170 |
69.061 |
37.865 |
|
(b) Trade payables |
56.875 |
43.867 |
28.948 |
|
(c) Other current liabilities |
62.303 |
51.162 |
26.927 |
|
(d) Short-term provisions |
2.964 |
1.147 |
1.006 |
|
Total
Current Liabilities (4) |
251.312 |
165.237 |
94.746 |
|
|
|
|
|
|
TOTAL |
683.759 |
409.283 |
239.813 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
267.575 |
202.233 |
110.728 |
|
(ii) Intangible Assets |
3.193 |
4.072 |
6.288 |
|
(iii) Capital work-in-progress |
74.047 |
0.000 |
9.571 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.801 |
1.591 |
6.031 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.154 |
|
Total
Non-Current Assets |
348.616 |
207.896 |
132.772 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
170.576 |
97.221 |
66.860 |
|
(c) Trade receivables |
118.332 |
74.335 |
31.652 |
|
(d) Cash and cash equivalents |
6.383 |
6.600 |
2.224 |
|
(e) Short-term loans and
advances |
39.752 |
23.181 |
6.305 |
|
(f) Other current assets |
0.100 |
0.050 |
0.000 |
|
Total
Current Assets |
335.143 |
201.387 |
107.041 |
|
|
|
|
|
|
TOTAL |
683.759 |
409.283 |
239.813 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
695.383 |
335.892 |
194.174 |
|
|
Other Income |
11.107 |
0.363 |
|
|
|
TOTAL
|
706.490 |
336.255 |
194.174 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
468.581 |
272.349 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
237.909 |
63.906 |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
26.033 |
18.159 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
211.876 |
45.747 |
14.646 |
|
|
|
|
|
|
|
Less |
TAX |
68.694 |
18.928 |
0.988 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
143.182 |
26.819 |
13.658 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
30.233 |
7.224 |
NA |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
14.318 |
1.341 |
NA |
|
|
Dividend |
6.371 |
2.124 |
NA |
|
|
Tax on Dividend |
1.033 |
0.345 |
NA |
|
|
Total
|
21.722 |
3.810 |
NA |
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
151.693 |
30.233 |
7.224 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
399.021 |
218.076 |
132.403 |
|
|
TOTAL
EARNINGS |
399.021 |
218.076 |
132.403 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
196.717 |
46.816 |
23.029 |
|
|
Capital Goods |
1.500 |
0.000 |
0.303 |
|
|
TOTAL
IMPORTS |
198.217 |
46.816 |
23.332 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
101.14 |
18.94 |
14.51 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
1200.000 |
|
|
|
|
|
The above information has been parted by Mr. Sagar Shelke.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
20.27 |
7.98 |
7.03 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
30.47 |
13.62 |
7.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
34.75 |
11.18 |
6.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.87 |
0.43 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.10 |
1.77 |
1.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.22 |
1.13 |
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 |
14.157 |
14.157 |
14.157 |
|
Reserves & Surplus |
68.265 |
92.616 |
228.394 |
|
Net
worth |
82.422 |
106.773 |
242.551 |
|
|
|
|
|
|
long-term borrowings |
57.483 |
120.327 |
137.447 |
|
Short term borrowings |
37.865 |
69.061 |
129.170 |
|
Total
borrowings |
95.348 |
189.388 |
266.617 |
|
Debt/Equity
ratio |
1.157 |
1.774 |
1.099 |
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 |
194.174 |
336.255 |
706.490 |
|
|
|
73.172 |
110.105 |
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 |
194.174 |
336.255 |
706.490 |
|
Profit/(Loss) After Tax |
13.658 |
26.819 |
143.182 |
|
|
7.03% |
7.98% |
20.27% |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
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 |
Note: Registered office of the company has been shifted from 1st Floor, A- Wing, Farena Corporate Park, Above SBH, Sr. No. 136/1A/2, Magarpatta Road, Hadapsar, Pune – 411028, Maharashtra, India to the present address.
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans and
advances from related parties |
|
|
|
Ashok R. Boob (HUF) |
0.000 |
1.586 |
|
Ashok R. Boob (U/L) |
0.000 |
5.867 |
|
Asha A Boob (U/L) |
0.000 |
1.346 |
|
Siddharth A Sikchi (U/L) |
0.000 |
0.500 |
|
Nandita Sikchi (U/L) |
0.000 |
0.300 |
|
Loans and advances from related parties |
18.322 |
0.000 |
|
Total |
18.322 |
9.599 |
FINANCIAL
PERFORMANCE:
During the year company achived turnover of Rs.695.383 Millions against
Rs. 335.892 Millions ass compared to previous year. The company has earned net
profit of Rs. 143.182 Millions for the year against Rs. 26.819 Millions in the
previous year.
BUSINESS OPERATION
:
The company has installed balance equipments during the year and it has
increased the production capacity of MEHQ / Guajacol by 25% and 4-MAP by
33.33%. the final products are consistent with repect to quality and yields.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10447994 |
30/08/2013 |
352,700,000.00 |
State Bank of India Commercial Branch |
1548/A Off Tilak Road, Sadashiv Peth, Pune, Maharashtra - 411030, India |
B84539808 |
|
2 |
10431926 |
13/06/2013 * |
52,000,000.00 |
CITIBANK N. A. |
Ground Floor, 37/3, Onyx Tower, Near Westin Hotel, North Main Road, Koregaon Park, Pune, Maharashtra - 411001, India |
B81001885 |
|
3 |
10277449 |
12/06/2013 * |
404,700,000.00 |
State Bank of India Commercial Branch |
1548, Off Tilak Road, Sadashiv Peth, Pune, Maharashtra - 411030, India |
B78049616 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records 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.61.43 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.77.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
51 |
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.