MIRA INFORM REPORT
|
Report No. : |
315746 |
|
Report Date : |
06.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
GANPATI MOULDERS PRIVATE LIMITED |
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|
|
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Registered
Office : |
26, Vasant Nagar, Trimurty Chowk, Jawahar Colony, Aurangabad – 431 005,
Maharashtra |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
11.10.2005 |
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|
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Com. Reg. No.: |
21-156824 |
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Capital
Investment / Paid-up Capital : |
Rs.7.760
million |
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|
|
CIN No.: [Company Identification
No.] |
U25206MH2005PTC156824 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Injection Mouldings Plastic Parts, PVC Sleeves, Injection Mould, PVC Mould, etc. |
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|
|
|
No. of Employees
: |
90 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The company possesses a moderate financial profile marked by
deterioration in its networth base as a result of consecutive losses along
with high financial leverage reported in the books. However, the management
has witnessed an acceptable revenue base during FY 14. The ratings also take into consideration, the business scenario in the
domestic market where the subject deals in is quiet tough, marked by unbridled
imports along with huge domestic competition in the market, 90% covered by
SME’s; which further calls for optimum utilisation of resources in order to
attest reach a breakeven, failing to which the subject has reported a high
working capital requirement coupled with losses. Moreover, the crude prices which have surged down leading to decline
in the feedstock prices which may lend a helping hand to the industry. Subsequently, the cushion from the government by reducing the basic
custom duty and special additional duties on feedstock for PVC may be
positives. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. The company can be considered for business dealings with caution as
well as by further monitoring the business situation. |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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. Borse |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9225149020 |
|
Date : |
04.04.2015 |
LOCATIONS
|
Registered Office : |
26, Vasant Nagar, Trimurty Chowk, Jawahar Colony, Aurangabad – 431
005, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9225149070 (Mr. Vilas Bachute) 91-9225149013 (Mr. Prakash B. Sonavhni) 91-9225149020 (Mr. Borse) |
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Fax No.: |
Not Available |
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E-Mail : |
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Corporate Office/ Factory: |
Unit No.311, 3rd Floor, Gut No.937, Sompuri Road, Village
Bidkin, Taluka Paithan, Aurangabad – 431 006, Gujarat, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rajkumar Narayandas Laddha |
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Designation : |
Director |
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|
Address : |
26, Vasant Nagar, Trimurty Chowk, Jawahar Colony, Aurangabad – 431
005, Maharashtra, India |
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Date of Birth/Age : |
23.11.1971 |
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Date of Appointment : |
11.10.2005 |
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DIN No.: |
00299129 |
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Name : |
Mr. Nitin Madanlal Khandelwal |
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Designation : |
Director |
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|
Address : |
Near Hanuman Temple, Adarsh Colony, Akola – 444 001, Maharashtra,
India |
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Date of Birth/Age : |
09.02.1966 |
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Date of Appointment : |
01.03.2008 |
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DIN No.: |
01784920 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Borse |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajkumar N. Laddha |
|
63000 |
|
Shyamsundar N. Laddha |
|
130500 |
|
Gopaldas N. Laddha |
|
80000 |
|
Kamalkishor N. Laddha |
|
89500 |
|
Padma N. Laddha |
|
25000 |
|
Nitin Khandelwal |
|
168950 |
|
Ravi Khandelwal |
|
168950 |
|
Prabha Khandelwal |
|
50 |
|
Ekta Khandelwal |
|
50 |
|
Khandelwal
Ornaments Private Limited, India |
|
50000 |
|
Total |
|
776000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
6.00 |
|
Directors or relatives of Directors |
94.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Injection Mouldings Plastic Parts, PVC Sleeves,
Injection Mould, PVC Mould, etc. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
90 (Approximately) |
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Bankers : |
The Saraswat Co-Operative Bank Limited, GMM Branch, Garkheda, Aurangabad – 431 003, Maharashtra, India
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Facilities : |
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Auditors : |
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Name : |
S.B. Jaju and Associates Chartered Accountants |
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Address : |
2, Second Floor, Gopinath Chambers, Adalat Road, Near Chunnilal Petrol
Pump, Aurangabad – 431 005, Maharashtra, India |
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Telefax. No.: |
91-240-2332688 |
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Mobile No.: |
91-9325132688 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAQPJ5314C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/ Subsidiaries (As confirmed by management) : |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
776000 |
Equity Shares |
Rs.10/- each |
Rs.7.760
million |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
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|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
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|
|
|
(a) Share Capital |
7.760 |
7.760 |
7.760 |
|
(b) Reserves & Surplus |
6.556 |
18.207 |
6.468 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Premium |
9.500 |
9.500 |
9.500 |
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
23.816 |
35.467 |
23.728 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
78.769 |
76.491 |
89.765 |
|
(b) Deferred tax liabilities
(Net) |
2.197 |
2.602 |
0.152 |
|
(c) Other long term
liabilities |
43.747 |
41.790 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
124.713 |
120.883 |
89.917 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
69.416 |
57.990 |
24.813 |
|
(b) Trade payables |
49.272 |
34.592 |
38.593 |
|
(c) Other current liabilities |
14.628 |
26.207 |
22.191 |
|
(d) Short-term provisions |
2.236 |
1.962 |
1.500 |
|
Total
Current Liabilities (4) |
135.552 |
120.751 |
87.097 |
|
|
|
|
|
|
TOTAL |
284.081 |
277.101 |
200.742 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
122.483 |
128.100 |
85.808 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
3.526 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
1.821 |
1.833 |
1.841 |
|
Total
Non-Current Assets |
124.304 |
129.933 |
91.175 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
63.389 |
60.870 |
46.762 |
|
(c) Trade receivables |
39.692 |
56.989 |
38.977 |
|
(d) Cash and cash equivalents |
41.247 |
13.075 |
11.273 |
|
(e) Short-term loans and
advances |
13.811 |
15.464 |
3.886 |
|
(f) Other current assets |
1.638 |
0.770 |
8.669 |
|
Total
Current Assets |
159.777 |
147.168 |
109.567 |
|
|
|
|
|
|
TOTAL |
284.081 |
277.101 |
200.742 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
349.200 |
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
414.400 |
349.200 |
302.500 |
|
|
|
|
|
|
|
Less |
EXPENSES |
403.600 |
326.400 |
283.100 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.800 |
22.800 |
19.400 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
22.800 |
20.100 |
13.700 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(12.000) |
(2.700) |
5.700 |
|
|
|
|
|
|
|
Less |
TAX |
(2.300) |
3.000 |
1.700 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(9.700) |
(0.300) |
4.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(12.50) |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.22) |
0.97 |
2.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.50) |
0.08 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
6.22 |
3.79 |
4.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.22 |
1.26 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
7.760 |
7.760 |
7.760 |
|
Reserves & Surplus |
6.468 |
18.207 |
6.556 |
|
Net worth |
14.228 |
25.967 |
14.316 |
|
|
|
|
|
|
long-term borrowings |
89.765 |
76.491 |
78.769 |
|
Short term borrowings |
24.813 |
57.990 |
69.416 |
|
Total
borrowings |
114.578 |
134.481 |
148.185 |
|
Debt/Equity
ratio |
8.053 |
5.179 |
10.351 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
302.500 |
349.200 |
414.400 |
|
|
|
15.438 |
18.671 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
302.500 |
349.200 |
414.400 |
|
Profit |
4.000 |
(0.300) |
(9.700) |
|
|
1.32% |
(0.09%) |
(2.34%) |
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
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 |
OPERATING RESULTS
During the year, the company had achieved a turnover Rs. 414.400 Million
against last year’s Rs. 349.200 Million. The company is positive about its
future growth.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
From Directors |
9.180 |
8.353 |
|
From Shareholders |
18.631 |
31.502 |
|
From Corporates |
35.379 |
9.149 |
|
Total |
63.190 |
49.004 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10548708 |
09/01/2015 |
4,100,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA - 431136, INDIA |
C43367168 |
|
2 |
10531098 |
28/08/2014 |
9,900,000.00 |
THE SARSWAT CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA - 431136, INDIA |
C33496654 |
|
3 |
10531100 |
28/08/2014 |
18,800,000.00 |
THE SARSWAT CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA - 431136, INDIA |
C33496944 |
|
4 |
10423243 |
06/04/2013 |
11,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
GMM BRANCH,, GARKHEDA,
AURANGABAD, MAHARASHTRA - |
B74233800 |
|
5 |
10411561 |
23/01/2013 |
13,810,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,
AURANGABAD, MAHARASHTRA - 431136, IN |
B70693544 |
|
6 |
10367201 |
03/07/2012 |
5,600,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,,
PANDHARPUR, AURANGABAD, MAHARASHTR |
B44394245 |
|
7 |
10356688 |
03/05/2012 |
3,300,000.00 |
SARASWAT CO-OP. BANK LTD |
WALUJ BRANCH, PLOT NO.
X-23, WALUJ INDUSTRIAL AREA |
B39965744 |
|
8 |
10351288 |
31/03/2012 |
3,900,000.00 |
SARASWAT CO-OP. BANK LTD |
WALUJ BRANCH, PLOT
NO. X-23, WALUJ INDUSTRIAL AREA |
B38046462 |
|
9 |
10340874 |
21/02/2012 |
16,600,000.00 |
SARASWAT CO-OP. BANK LTD |
WALUJ BRANCH, PLOT
NO. X-23, WALUJ INDUSTRIAL AREA |
B34451047 |
|
10 |
10333011 |
06/01/2012 |
8,000,000.00 |
SARASWAT CO-OP. BANK LTD |
WALUJ BRANCH, PLOT
NO. X-23, WALUJ INDUSTRIAL AREA |
B31008527 |
|
11 |
10330870 |
17/12/2011 |
20,600,000.00 |
SARASWAT CO-OP. BANK LTD |
WALUJ BRANCH, PLOT
NO. X-23, WALUJ INDUSTRIAL AREA |
B30273346 |
|
12 |
10330863 |
24/11/2011 |
21,000,000.00 |
SARASWAT CO-OP. BANK LTD |
WALUJ BRANCH, PLOT
NO. X-23, WALUJ INDUSTRIAL AREA |
B30272611 |
|
13 |
10258451 |
24/11/2010 |
1,500,000.00 |
THE SARASWAT CO-OP. BANK LTD |
GAJANAN MAHARAJ TEMPLE
BRANCH, CTS NO. 15308/71/72 |
B01124817 |
|
14 |
10291850 |
19/05/2010 |
1,500,000.00 |
THE SARASWAT CO-OP. BANK LTD |
GAJANAN MAHARAJ TEMPLE
BRANCH, CTS NO. 15308/71/72 |
B01125111 |
|
15 |
10222070 |
03/05/2010 |
16,000,000.00 |
THE SARASWAT CO OPERATIVE BANK LTD |
X-23, WALUJ IND. ESTATE,,
NEAR HOTEL OASIS, WALUJ |
A85680163 |
|
16 |
10197001 |
17/12/2009 |
7,200,000.00 |
THE SARASWAT CO OPERATIVE BANK LTD |
X-23, WALUJ IND.
ESTATE,, NEAR HOTEL OASIS, WALUJ |
A76995653 |
|
17 |
10197002 |
16/12/2009 |
3,500,000.00 |
THE SARASWAT CO OPERATIVE BANK LTD |
X-23, WALUJ IND.
ESTATE,, NEAR HOTEL OASIS, WALUJ |
A76996909 |
|
18 |
10186290 |
21/11/2009 * |
37,900,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
X-23, WALUJ, IND.
ESTATE,, NAER HOTEL OASIS, WALU |
A75363580 |
|
19 |
10162675 |
02/05/2009 |
10,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
PLOT NO. X-23,
WALUJ INDUSTRIAL AREA,, NEAR HOTEL |
A63805576 |
|
20 |
10156744 |
18/03/2009 |
10,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
PLOT NO. X - 23,
WALUJ INDUSTRIAL AREA,, NEAR HOT |
A61600904 |
|
21 |
10043961 |
12/03/2007 |
3,327,000.00 |
THE SARASWAT CO-OPERATIVE BANK |
WALUJ BRANCH,
AURANGABAD, MAHARASHTRA - 431005, IN |
A13218425 |
|
22 |
10074488 |
12/03/2007 |
3,327,000.00 |
THE SARASWAT CO-OPERATIVE BANK |
WALUJ BRANCH,
AURANGABAD, MAHARASHTRA - 431005, IN |
A25826538 |
|
23 |
10038194 |
10/01/2007 |
1,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD |
WALUJ BRANCH,
AURANGBAD, AURANGABAD, MAHARASHTRA |
A10829695 |
|
24 |
10012535 |
26/11/2009 * |
37,900,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
X-23, WALUJ IND.
ESTATE,, NEAR HOTEL OASIS, WALUJ |
A75883769 |
|
25 |
10007105 |
24/04/2006 |
15,700,000.00 |
THE SARASWAT CO OPERATIVE BANK |
WALUJ AURANGABAD,
AURANGABAD, MAHARASHTRA - 43100 |
A00615203 |
|
26 |
10003352 |
24/04/2006 |
36,600,000.00 |
THE SARASWATH CO OPERATIVE BANK LTD |
WALUJ AURANGABAD,
AURANGABAD, MAHARASHTRA - 431005 |
A00661066 |
|
27 |
90387792 |
09/01/2013 * |
55,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH,, PANDHARPUR,
AURANGABAD, MAHARASHTR |
B68524867 |
|
28 |
90376701 |
03/10/1986 |
21,000.00 |
BANK OF MAHARASHTRA |
FORT BRANCH, HAMAM
STREET, MUMBAI, MAHARASHTRA, I |
- |
* Date of charge modification
FIXED ASSETS:
· Land and Site Development
· Building
· Plant and Machinery
· Laboratory Equpments
· Electrical Installation
· Factory Equipment
· Computer Equipment
· Furniture and Fixtures
· Office Equipments
· Vehicle
· Eco-Ventilator
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 hav+e 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 : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.