MIRA INFORM REPORT
|
Report No. : |
315358.2 |
|
Report Date : |
02.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARIHANT INDUSTRIAL CORPORATION LIMITED |
|
|
|
|
Formerly Known
As : |
ARIHANT MACHINE BUILDERS AND STRUCTURAL ENGINEERS PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
Arihant Complex, Opposite Sagar Petrol Pump, NH 8, Sativali, Vasai
Road (East), District Thane – 401208, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.09.1984 |
|
|
|
|
Com. Reg. No.: |
11-034030 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 19.833 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45270MH1984PLC034030 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA7761K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Water Slides, Playground Equipments, Honing Machines
and also operates the water park. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
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 |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Management of the company has reported decent profitability during the
financial year 2013-2014. Financial position of the company seems to be sound. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit
risk. |
|
Date |
February 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
February 2015 |
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 DECLINED BY
|
Name : |
Mr. Virat Jain |
|
Designation : |
Assistant Manager – Strategy Planning |
|
Contact No.: |
91-9930191812 |
|
Date : |
30.03.2015 |
LOCATIONS
|
Registered / Head Office / Factory : |
Arihant Complex, Opposite Sagar Petrol Pump, NH 8, Sativali, Vasai
Road (East), District Thane – 401208, Maharashtra, India |
|
Tel. No.: |
91-750-7778271 / 2 / 3 / 4 |
|
Mobile No.: |
91-9930191812 (Mr. Virat Jain) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Owned |
|
|
|
|
Branch Office 1 : |
M-4, Kailash Plaza, H-252, Sant Nagar, East of Kailash, New Delhi –
110065, India |
|
Tel. No.: |
91-11-46548740 / 2 / 3 / 4 |
|
|
|
|
Branch Office 2 : |
No. 302, Brigade Tower, 135, Brigade Road, Bangalore – 560025,
Karnataka, India |
|
Tel. No.: |
91-80-22234441 |
|
E-Mail : |
|
|
|
|
|
Branch Office 3 : |
Located At: USA |
DIRECTORS
AS ON 12.09.2014
|
Name : |
Mr. Rajen Shantilal Shah |
|
Designation : |
Managing director |
|
Address : |
1104 / 1204 / - B, Nova Building, Akruti Niharika, Society Telli Gali, Signal, Andheri (East), Mumbai - 400069, Maharashtra, India |
|
Date of Birth/Age : |
16.10.1955 |
|
Date of Appointment : |
15.09.1984 |
|
DIN No.: |
00154495 |
|
|
|
|
Name : |
Mr. Virendra Shantilal Shah |
|
Designation : |
Director |
|
Address : |
801/1, Gulshan, Juhu Lane, Andheri (West), Mumbai - 400058, Maharashtra, India |
|
Date of Birth/Age : |
29.11.1947 |
|
Date of Appointment : |
15.09.1984 |
|
DIN No.: |
00154410 |
|
|
|
|
Name : |
Mr. Atul Jayantilal Safari |
|
Designation : |
Director |
|
Address : |
Flat No 1204, 12th Floor, New Sarvottam Society, Tower-A 201, Irla Bridge, Andheri [West], Mumbai - 400058, Maharashtra, India |
|
Date of Birth/Age : |
14.03.1948 |
|
Date of Appointment : |
15.09.1984 |
|
DIN No.: |
00154449 |
|
|
|
|
Name : |
Mrs. Neeta Rajen Shah |
|
Designation : |
Whole-time director |
|
Address : |
1104/1204/ - B, Nova Building, Akruti Niharika, Society Telli Gali, Signal, Andheri (East), Mumbai - 400069, Maharashtra, India |
|
Date of Birth/Age : |
16.07.1959 |
|
Date of Appointment : |
01.08.2004 |
|
DIN No.: |
00154541 |
|
|
|
|
Name : |
Mr. Sharad Nyalchand Shah |
|
Designation : |
Director |
|
Address : |
404, Unique Apartment, S.V. Road,, Irla Vile Parle (West), Mumbai - 400056, Maharashtra, India |
|
Date of Birth/Age : |
12.06.1941 |
|
Date of Appointment : |
01.01.1995 |
|
DIN No.: |
00150474 |
|
|
|
|
Name : |
Mr. Pranay Atul Safari |
|
Designation : |
Whole-time director |
|
Address : |
A/1204, New Sarvottam, Irla Bridge, S.V. Road, Andheri [West], Mumbai, 400058, Maharashtra, India |
|
Date of Birth/Age : |
19.10.1979 |
|
Date of Appointment : |
11.10.2010 |
|
DIN No.: |
03275512 |
KEY EXECUTIVES
|
Name : |
Mr. Virat Jain |
|
Designation : |
Strategy Manager |
|
|
|
|
Name : |
Ms. Ajita Lopes |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 12.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
0.03 |
|
Bodies
corporate |
21.94 |
|
Directors
or relatives of directors |
73.11 |
|
Other
top fifty shareholders |
3.42 |
|
Others
|
1.50 |
|
|
|
|
Total |
100.00 |
%2002-Apr-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Water Slides, Playground Equipments, Honing Machines
and also operates the water park. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
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|
Exports : |
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|
Products : |
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|
Countries : |
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|
|
|
Imports : |
|
|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Others |
|
|
|
|
Purchasing : |
L/C and Others |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Others
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No. of Employees : |
Information declined by the management |
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|
Bankers : |
· The Saraswat Cooperative Bank Limited SME Vile Parle Branch, Bholanath Cooperative Housing Society, Subhash Road, Vile Parle East, Mumbai - 400057, Maharashtra, India · The Saraswat Cooperative Bank Limited Andheri East Branch, Raja Shopping Centre, New Nagardas
Road, Andheri (East), Mumbai - 400069, Maharashtra, India |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
U.K. Gala and Associates Chartered Accountants |
|
Address : |
B-11, 2nd Floor, West View, Opposite Swami Narayan Temple, Towards
Hindu Colony, L.N. Road, Dadar (East), Mumbai – 400014, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFU2688R |
|
|
|
|
Subsidiary Company : |
Kalpsutra Terpenoids Private Limited [U24233MH2012PTC233009] |
|
|
|
|
Enterprise under significant influence of Key Management Personnel or
their relatives : |
· Chandan Leafin (India) Private Limited · Mangal Shanti Investment Finance Private Limited · Soujanya Financial Services Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 35.000 Millions |
|
150,000 |
Preference Shares |
Rs. 100/- each |
Rs. 15.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,636,000 |
Equity Shares |
Rs. 10/- each |
Rs. 16.360 Millions |
|
34,732 |
Preference Shares |
Rs. 100/- each |
Rs. 3.473 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 19.833
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF
FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.833 |
19.833 |
19.833 |
|
(b) Reserves & Surplus |
169.571 |
104.671 |
53.526 |
|
(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) |
189.404 |
124.504 |
73.359 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
46.720 |
54.567 |
71.384 |
|
(b) Deferred tax liabilities (Net) |
11.413 |
9.361 |
5.792 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
2.857 |
2.776 |
2.475 |
|
Total
Non-current Liabilities (3) |
60.990 |
66.704 |
79.651 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
48.596 |
38.122 |
61.458 |
|
(b)
Trade payables |
196.025 |
129.293 |
108.999 |
|
(c)
Other current liabilities |
136.673 |
104.264 |
53.286 |
|
(d)
Short-term provisions |
40.213 |
45.993 |
8.118 |
|
Total
Current Liabilities (4) |
421.507 |
317.672 |
231.861 |
|
|
|
|
|
|
TOTAL |
671.901 |
508.880 |
384.871 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
173.874 |
146.534 |
135.531 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
19.401 |
2.249 |
1.044 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.225 |
0.225 |
0.025 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
1.300 |
1.368 |
1.403 |
|
(e)
Other Non-current assets |
21.206 |
14.670 |
2.387 |
|
Total
Non-Current Assets |
216.006 |
165.046 |
140.390 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
175.130 |
121.536 |
92.579 |
|
(c)
Trade receivables |
238.751 |
176.935 |
107.218 |
|
(d)
Cash and cash equivalents |
10.638 |
20.015 |
18.216 |
|
(e)
Short-term loans and advances |
27.375 |
22.986 |
18.524 |
|
(f)
Other current assets |
4.001 |
2.362 |
7.944 |
|
Total
Current Assets |
455.895 |
343.834 |
244.481 |
|
|
|
|
|
|
TOTAL |
671.901 |
508.880 |
384.871 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
958.488 |
693.105 |
631.552 |
|
|
|
Other Income |
2.687 |
2.304 |
2.495 |
|
|
|
TOTAL (A) |
961.175 |
695.409 |
634.047 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
407.258 |
273.491 |
294.744 |
|
|
|
Purchases of Stock-in-Trade |
8.966 |
4.033 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(31.554) |
(15.884) |
21.694 |
|
|
|
Employees benefits expense |
109.114 |
101.298 |
76.517 |
|
|
|
Other expenses |
330.825 |
213.768 |
176.907 |
|
|
|
TOTAL (B) |
824.609 |
576.706 |
569.862 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
136.566 |
118.703 |
64.185 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.933 |
19.361 |
22.740 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
121.633 |
99.342 |
41.445 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
16.616 |
13.794 |
14.998 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
105.017 |
85.548 |
26.447 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
35.024 |
28.121 |
6.877 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
69.993 |
57.427 |
19.570 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings [FOB Basis] |
259.274 |
217.660 |
189.756 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1.432 |
2.137 |
3.968 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
42.49 |
34.81 |
11.37 |
|
|
|
Diluted
|
39.00 |
32.35 |
11.03 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
7.30 |
8.29 |
3.10 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
14.25 |
17.13 |
10.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.10 |
16.89 |
6.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.55 |
0.69 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.50 |
0.74 |
1.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.08 |
1.05 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
19.833 |
19.833 |
19.833 |
|
Reserves & Surplus |
53.526 |
104.671 |
169.571 |
|
Net
worth |
73.359 |
124.504 |
189.404 |
|
|
|
|
|
|
Long-term borrowings |
71.384 |
54.567 |
46.720 |
|
Short term borrowings |
61.458 |
38.122 |
48.596 |
|
Total
borrowings |
132.842 |
92.689 |
95.316 |
|
Debt/Equity ratio |
1.811 |
0.744 |
0.503 |
%2002-Apr-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
631.552 |
693.105 |
958.488 |
|
|
|
9.746 |
38.289 |
%2002-Apr-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
631.552 |
693.105 |
958.488 |
|
Profit |
19.570 |
57.427 |
69.993 |
|
|
3.10% |
8.29% |
7.30% |
%2002-Apr-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long term debts |
22.396 |
13.380 |
17.681 |
|
|
|
|
|
|
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 |
No |
|
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 |
10540611 |
19/12/2014 |
150,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH, VILE
PARLE (E), 1ST FLOOR, BHOLANATH CO-OP. HSG. SOC. LTD., 715, SUBHASH ROAD,,
MUMBAI, MAHARASHTRA - 400057, INDIA |
C39211719 |
|
2 |
10540613 |
19/12/2014 |
7,100,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH, VILE
PARLE (E), 1ST FLOOR, BHOLANATH CO-OP. HSG. SOC. LTD., 715, SUBHASH ROAD,,
MUMBAI, MAHARASHTRA - 400057, INDIA |
C39212717 |
|
3 |
10540615 |
11/12/2014 |
9,975,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH, VILE
PARLE (E), 1ST FLOOR, BHOLANATH CO-OP. HSG. SOC. LTD., 715, SUBHASH ROAD,,
MUMBAI, MAHARASHTRA - 400057, INDIA |
C39213814 |
|
4 |
10532048 |
14/11/2014 |
7,424,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH, VILE
PARLE (E), 1ST FLOOR, BHOLANATH CO-OP. HSG. SOC. LTD., 715, SUBHASH ROAD,,
MUMBAI, MAHARASHTRA - 400057, INDIA |
C34112219 |
|
5 |
10483556 |
28/02/2014 |
10,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH, VILE
PARLE (E), 1ST FLOOR, BHOLANATH CO-OP. HSG. SOC. LTD., 715, SUBHASH ROAD,,
MUMBAI, MAHARASHTRA - 400057, INDIA |
B98893266 |
|
6 |
10480774 |
21/02/2014 |
8,250,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH, VILE
PARLE (E), 1ST FLOOR, BHOLANATH CO-OP. HSG. SOC. LTD., 715, SUBHASH ROAD,,
MUMBAI, MAHARASHTRA - 400057, INDIA |
B97674451 |
|
7 |
10480773 |
14/02/2014 |
1,100,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH, VILE
PARLE (E), 1ST FLOOR, BHOLANATH CO-OP. HSG. SOC. LTD., 715, SUBHASH ROAD,,
MUMBAI, MAHARASHTRA - 400057, INDIA |
B97674113 |
|
8 |
10391738 |
05/12/2012 |
2,100,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH, VILE
PARLE (E), 1ST FLOOR, BHOLANATH CO-OP. HSG. SOC. LTD., 715, SUBHASH ROAD,,
MUMBAI, MAHARASHTRA - 400057, INDIA |
B64040983 |
|
9 |
10391734 |
04/12/2012 |
19,800,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH, VILE
PARLE (E), 1ST FLOOR, BHOLANATH CO-OP. HSG. SOC. LTD., 715, SUBHASH ROAD,,
MUMBAI, MAHARASHTRA - 400057, INDIA |
B64039068 |
|
10 |
10299656 |
10/12/2013 * |
15,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH, VILE
PARLE (E), 1ST FLOOR, BHOLANATH CO-OP. HSG. SOC. LTD., 715, SUBHASH ROAD,,
MUMBAI, MAHARASHTRA - 400057, INDIA |
B91917336 |
|
11 |
10227273 |
22/06/2010 |
1,200,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH, VILE
PARLE (E), 1ST FLOOR, BHOLANATH CO-OP. HSG. SOC. LTD., 715, SUBHASH ROAD,,
MUMBAI, MAHARASHTRA - 400057, INDIA |
A88719448 |
|
12 |
10206845 |
24/02/2010 |
720,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH, VILE
PARLE (E), 1ST FLOOR, BHOLANATH CO-OP. HSG. SOC. LTD., 715, SUBHASH ROAD,,
MUMBAI, MAHARASHTRA - 400057, INDIA |
A81115230 |
|
13 |
10178868 |
17/11/2014 * |
115,247,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH, VILE
PARLE (E), 1ST FLOOR, BHOLANATH CO-OP. HSG. SOC. LTD., 715, SUBHASH ROAD,,
MUMBAI, MAHARASHTRA - 400057, INDIA |
C34112854 |
|
14 |
10139916 |
10/01/2009 |
1,500,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
ANDHERI EAST
BRANCH, RAJA SHOPPING CENTRE, NEW NAGARDAS ROAD, ANDHERI (EAST), MUMBAI,
MAHARASHTRA - 400069, INDIA |
A55605372 |
|
15 |
10139914 |
10/01/2009 |
3,450,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
ANDHERI EAST
BRANCH, RAJA SHOPPING CENTRE, NEW NAGARDAS ROAD, ANDHERI (EAST), MUMBAI,
MAHARASHTRA - 400069, INDIA |
A55605182 |
|
16 |
10025636 |
29/09/2006 |
8,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
RAJA SHOPPING
CENTER, NEW NAGARDAS ROAD, ANDHERI (E), MUMBAI, MAHARASHTRA - 400069,
INDIA |
A06344311 |
|
17 |
90229989 |
08/07/2004 |
450,000.00 |
ICICI BANK
LIMITED |
ZENITH HOUSE; KESHAVRAO
MARG, MAHALAXMI, MUMBAI, |
- |
|
18 |
90229906 |
05/06/1989 * |
250,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
TAJ BUILDING;
GROUND FLOOR; AMRIT KESHAV NAYAK MAR, FORT, MUMBAI, MAHARASHTRA - 400001,
INDIA |
- |
|
19 |
80016012 |
18/11/2014 * |
64,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME VILE PARLE
BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI,
MAHARASHTRA |
C34131052 |
|
20 |
90229129 |
05/11/1996 |
300,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CENTRAL
ADMINISTRATATIVE OFFICE, APSARA CINEMA |
- |
|
21 |
90229012 |
28/11/1995 |
3,500,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CENTRAL
ADMINISTRATIVE OFFICE; GRANT ROAD, MUMBAI, MAHARASHTRA - 400007, INDIA |
- |
|
22 |
90228989 |
06/08/2009 * |
45,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI,
MAHARASHTRA |
A92805738 |
|
23 |
90228975 |
07/10/1995 |
1,500,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CENTRAL
ADMINISTRATATIVE OFFICE, APSARA CINEMA BUILDING ; GRANT ROAD, MUMBAI,
MAHARASHTRA - 400007, INDIA |
- |
|
24 |
90228847 |
27/10/1994 |
7,800,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CENTRAL
ADMINISTRATATIVE OFFICE, APSARA CINEMA BUILDING ; GRANT ROAD, MUMBAI,
MAHARASHTRA - 400007, INDIA |
- |
|
25 |
90228600 |
19/11/1992 |
7,800,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CENTRAL
ADMINISTRATATIVE OFFICE, APSARA CINEMA BUILDING ; GRANT ROAD, MUMBAI,
MAHARASHTRA - 400007, INDIA |
- |
|
26 |
90228535 |
03/04/1992 |
700,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CENTRAL
ADMINISTRATATIVE OFFICE, APSARA CINEMA BUILDING ; GRANT ROAD, MUMBAI,
MAHARASHTRA - 400007, INDIA |
- |
|
27 |
90228462 |
26/10/1991 |
44,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CENTRAL ADMINISTRATATIVE
OFFICE, APSARA CINEMA BUILDING ; GRANT ROAD, MUMBAI, MAHARASHTRA -
400007, INDIA |
- |
|
28 |
90228426 |
26/06/1991 |
311,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CENTRAL
ADMINISTRATATIVE OFFICE, APSARA CINEMA BUILDING ; GRANT ROAD, MUMBAI,
MAHARASHTRA - 400007, INDIA |
- |
|
29 |
90228276 |
13/03/1990 |
7,800,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CENTRAL
ADMINISTRATATIVE OFFICE, APSARA CINEMA BUILDING ; GRANT ROAD, MUMBAI,
MAHARASHTRA - 400007, INDIA |
- |
|
30 |
90227958 |
13/10/2014 * |
70,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME VILE PARLE
BRANCH, BHOLANATH CO-OP HSG SOC, SUBHASH ROAD, VILE PARLE EAST, MUMBAI,
MAHARASHTRA |
C30320444 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Long term loan from related parties |
34.500 |
38.400 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
3.404 |
11.065 |
|
|
|
|
|
Total |
37.904 |
49.465 |
CORPORATE
INFORMATION
Subject is a public limited company incorporated under the Companies
Act, 1956. The Company is engaged in the manufacturing of the water slides,
playground equipments, honing machines and also operates the water parks.
FIXED ASSETS:
· Freehold land
· Buildings
· Plant and Machinery
· Furniture and Fixture
· Vehicles
· Office Equipment
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. 62.59 |
|
|
1 |
Rs. 92.46 |
|
Euro |
1 |
Rs. 67.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.