MIRA INFORM REPORT

 

 

Report No. :

316108

Report Date :

06.04.2015

           

IDENTIFICATION DETAILS

 

Name :

SHREEJI TRANSPORT SERVICES PRIVATE LIMITED

 

 

Registered Office :

Shreeji Krupa, Plot No. 7, Sector No. 19 C, Vashi, Navi Mumbai, Mumbai – 400705, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

21.04.1994

 

 

Com. Reg. No.:

11-077890

 

 

Capital Investment / Paid-up Capital :

Rs. 9.401 Million

 

 

CIN No.:

[Company Identification No.]

U63010MH1994PTC077890

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available 

 

 

PAN No.:

[Permanent Account No.]

Not Available 

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Service Provider of Packers and Movers.

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (48)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

The rating takes into consideration company’s healthy operational risk profile supported by decent topline growth over past year and sound liquidity position of the company.

 

Trade relations are fair. Business is active. Payments 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

 

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. Bharat Bhatt

Designation :

Chief Accountant

Contact No.:

91-22-40746600

Date :

04.04.2015

 

 

LOCATIONS

 

Registered/ Head Office :

Shreeji Krupa, Plot No. 7, Sector No. 19 C, Vashi, Navi Mumbai, Mumbai – 400705, Maharashtra, India

Tel. No.:

91-22-40746600/ 01

Mobile No.:

91-9845040098 (Mr. Mukesh M. Shah)

Fax No.:

91-22-27656924

E-Mail :

sanjay.c.shah@vsnl.com

mumbai@shreejitransport.com

bharat@shreejitransport.com

Website :

http://www.shreejitransport.com

 

 

Regional Office 1 :

Plot No.38, 39 and 40, Kaveri Nagar, Velappanchavadi, Chennai – 600077, Tamilnadu, India

Tel. No.:

91-44-26800092/ 93/ 94

Fax No.:

91-44-26800097

E-Mail :

chennai@shreejitransport.com

 

 

Regional Office 2 :

A-49, First Floor, M.T.B Road, Journalist Colony, Bangalore – 560002, Karnataka, India

Tel. No.:

91-80-40812222/ 34

Fax No.:

91-80-26700603

E-Mail :

bangalore@shreejitransport.com

 

 

Branch Offices :

Located at:

 

WEST INDIA

·         Mumbai 

·         Ahmedabad 

·         Baroda 

·         Kolhapur 

·         Pune 

·         Vapi (Daman)

 

 

SOUTH INDIA

·         Bangalore 

·         Chennai 

·         Cochin 

·         Coimbatore 

·         Hosur 

·         Hubli 

·         Hyderabad 

·         Madurai

·         Mysore 

·         Puducherry 

·         Tuticorin

 

NORTH INDIA

·         Delhi 

·         Lucknow 

·         Kanpur 

·         Varanasi 

·         Haridwar / Rudrapur

 

 

Warehouses :

Located at:

 

·         Bangalore 

·         Yeswanthpur, Bangalore 

·         Chennai 

·         Mumbai – Vashi

·         Mumbai – Bhiwandi

·         Mumbai - Kalamboli

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Narendra Chabildas Shah

Designation :

Whole-time director

Address :

107, 1st Floor, Krushal Towers, D Wing, G.M. Road, Chembur, Mumbai – 400089, Maharashtra, India

Date of Appointment :

21.04.1994

DIN No.:

00268812

 

 

Name :

Mr. Mahendra Chabildas Shah

Designation :

Whole-time director

Address :

2/12, Saini Bhavan, G.M. Road, S. No. 230, Chembur, Mumbai – 400089, Maharashtra, India

Date of Appointment :

04.08.1994

DIN No.:

00268971

 

 

Name :

Mr. Rajnikant Chabildas Shah

Designation :

Whole-time director

Address :

2B/22, Jyothi, 191, 10th Road, Behind Odeon Cinema, Ghatkopar (East), Mumbai - 400077, Maharashtra, India

Date of Appointment :

04.08.1994

DIN No.:

00269109

 

 

Name :

Mr. Mukesh Manubhai Shah

Designation :

Whole-time director

Address :

N-5, 24th Main Road, Aurbindo Marg, J.P. Nagar, 1st Phase, Bangalore – 560078, Karnataka, India

Date of Appointment :

04.08.1994

DIN No.:

00280536

 

 

Name :

Mr. Rupesh Manubhai Shah

Designation :

Whole-time director

Address :

1906, Gurukrupa, 5th Cross, 20th Main Road, J.P. Nagar, 2nd Phase, Bangalore - 560078, Karnataka, India

Date of Appointment :

04.08.1994

DIN No.:

00280547

 

 

Name :

Mr. Bipin Chabildas Shah

Designation :

Whole-time director

Address :

46/D, BBC Springfield Apartment, 58 EVK Sampath Rao, Vepery Chennai – 600007, Tamilnadu, India

Date of Appointment :

04.08.1994

DIN No.:

00280559

 

 

KEY EXECUTIVES

 

Name :

Mr. Bharat Bhatt

Designation :

Chief Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

 

Shah Chhabildas Narendra

 

8478

Shah Chhabildas Mahendra

 

8628

Shah Chhabildas Bipin

 

8932

Shah Manubhai Mukesh

 

7296

Shah Manubhai Rupesh

 

8795

Shah Chhabildas Rajnikant

 

8794

Shah Shailesh Indira

 

1793

Shah Ratilal

 

1

Shah Bhavana

 

5024

Shah Champaben

 

1

Shah Chandrika

 

5674

Shah Dharmista

 

4968

Shah Neeta

 

6597

Hemant Kamdar

 

1

Mahendra C. Shah (HUF)

 

1615

Mukesh M. Shah (HUF)

 

1096

Narendra C. Shah (HUF)

 

1620

Rajnicant C. Shah (HUF)

 

1001

Shailesh M. Shah (HUF)

 

1

Malti Shah

 

3550

Rashmi Shah

 

6550

Shailesh Shah

 

1050

Mitesh Bipin Shah

 

2539

Jayantilal Shah K HUF

 

1

 

 

 

Total

 

 

94005

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

100.00

 

 

Total

 

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Service Provider of Packers and Movers.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

--

Countries :

--

 

 

Imports :

 

Products :

--

Countries :

--

 

 

Terms :

 

Selling :

Cash and Credit (30 Days, 60 Days and 90 Days)

 

 

Purchasing :

Cash and Credit (30 Days, 60 Days and 90 Days)

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Wholesalers, Retailers, End Users and OEMs

 

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

·         Arvind Limited

·         Biocon Limited

·         Carborundum Universal Limited

·         Cipla Limited

·         Gokaldas Exports Limited

·         Johnson and Johnson Limited

·         Lotte India Corporation Limited

·         Tata International Limited

·         Wipro Limited

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name:

HDFC Bank Limited

Branch:

HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Cash Credit = Rs. 32.500 Millions

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         Kotak Mahinadra Bank Limited

·         Axis Bank Limited

·         ICICI Bank Limited

·         Yes Bank Limited

·         Sundaram Finance Limited

 

 

Facilities :

 

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Term Loan:

From Bank

4.167

9.167

Long Term Maturities on Finance Lease Obligations

From Financial Institutions

26.556

0.000

From Banks

40.672

80.017

SHORT TERM BORROWINGS

 

 

Working Capital Loans from Bank

147.655

113.770

 

 

 

Total

 

219.050

202.954

 

LONG-TERM BORROWINGS

Term Loan includes, Vehicle Loan taken from Yes Bank Limited, which are repayable in 36 Equated Monthly Instalment, comprising Principal and Interest.

 

Long Term Maturities of Financial Lease Obligations includes Vehicle Loans taken from ICICI Bank Limited, HDFC Bank Limited, Kotak Mahindra Bank Limited, Axis Bank Limited and Sundaram Finance Limited, which are repayable in 58 Equated Monthly Instalment, comprising Principal and Interest.

 

Vehicle Loans from Banks and Financial Institutions are secured by way of hypothecation of Vehicles acquired out of the said loan.

 

Term Loans from Yes Bank Limited, is secured by way of Equitable mortgage on Company’s Commercial property situated at Shreeji Square Plot No.38, 39 and 40,Cauvery Nagar, Madiravedu Numbal Village, Vellapanchavad, Chennai; at Shreeji House, Sector 19-C, Plot No.107, Vashi, Navi Mumbai and at Plot No.1,Sector 19E, Vashi, Navi Mumbai along with irrevocable personal guarantee of Directors of Company.

 

SHORT TERM BORROWINGS

Working Capital Loan from banks are secured against hypothecation of all the Vehicles of the Company along with irrevocable personal guarantee of directors of Company.

 

Loans and Advances from Related Parties and Other Loans and Advances are repayable on demand.

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Sanjay C Shah and Associates 

Chartered Accountants

Address :

B-3, Om Joshi Apartments, Lallubhai Park Road, Andheri [West], Mumbai – 400058, Maharashtra, India

Tel. No.:

91-22-26248873/ 26281101

Fax No.:

91-22-26248873

E-Mail :

sanjay.c.shah@vsnl.com

Income-tax PAN of auditor or auditor's firm :

AAFPS8770C

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

125,000

Equity Shares

Rs. 100/- each

Rs. 12.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

94,005

Equity Shares

Rs. 100/- each

Rs. 9.401 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

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

9.401

9.401

9.401

(b) Reserves & Surplus

114.666

111.597

101.095

(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)

124.067

120.998

110.496

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

71.395

89.184

127.569

(b) Deferred tax liabilities (Net)

1.485

0.000

2.749

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

72.880

89.184

130.318

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

155.255

121.714

116.218

(b) Trade payables

30.328

23.144

18.814

(c) Other current liabilities

65.010

67.316

71.331

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

250.593

212.174

206.363

 

 

 

 

TOTAL

447.540

422.356

447.177

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

122.949

138.540

180.393

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

2.922

7.900

8.022

(c) Deferred tax assets (net)

0.000

1.173

0.000

(d)  Long-term Loan and Advances

48.755

24.297

25.404

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

174.626

171.910

213.819

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

2.644

2.454

2.094

(c) Trade receivables

198.287

176.978

154.101

(d) Cash and cash equivalents

35.245

42.293

44.002

(e) Short-term loans and advances

26.073

22.353

27.571

(f) Other current assets

10.665

6.368

5.590

Total Current Assets

272.914

250.446

233.358

 

 

 

 

TOTAL

447.540

422.356

447.177

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Revenue from Operations

800.563

665.646

607.976

 

 

Other Income

13.538

13.105

12.845

 

 

TOTAL                                    

814.101

678.751

620.821

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Employees benefits expense

41.286

40.084

34.234

 

 

Other expenses

688.007

532.238

474.742

 

 

TOTAL                                    

729.293

572.322

508.976

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

84.808

106.429

111.845

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

31.827

33.090

29.154

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

52.981

73.339

82.691

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION AND PROVISION FOR TAX              

49.912

62.837

67.670

 

 

 

 

 

 

PROFIT AFTER TAX

3.069

10.502

15.021

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

111.597

101.095

86.074

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

114.666

111.597

101.095

 

 

 

 

 

 

Earnings Per Share (Rs.)

32.65

111.72

159.79

 

Expected Sales (2014-2015): Rs. 900.000 Millions

 

The above information has been parted by Mr. Bharat Bhatt (Chief Accountant)

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

0.38

1.58

2.47

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

10.59

15.99

18.40

 

 
 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

1.83

1.74

2.21

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.09

1.18

1.13

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particulars

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

9.401

9.401

9.401

Reserves & Surplus

101.095

111.597

114.666

Net worth

110.496

120.998

124.067

 

 

 

 

Long-term borrowings

127.569

89.184

71.395

Short term borrowings

116.218

121.714

155.255

Total borrowings

243.787

210.898

226.650

Debt/Equity ratio

2.206

1.743

1.827

 

 

 

 

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)

Sales

607.976

665.646

800.563

 

 

9.486

20.269

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

607.976

665.646

800.563

Profit

15.021

10.502

3.069

 

2.47%

1.58%

0.38%

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

CURRENT MATURITIES OF LONG TERM DEBT

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

31.03.2012

(Rs. In Million)

 

 

 

 

Current Maturities of Long Term Debt

Term Loan From Bank

5.000

2.901

5.165

 

 

 

 

 

 

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

Yes

19]

Payments terms

Yes

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

No

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

No

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10539570

29/11/2014

14,750,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

C38606398

2

10521867

30/08/2014

7,500,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

C22278840

3

10519350

07/07/2014

4,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

C20128757

4

10459089

08/10/2013

32,500,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

B89112346

5

10375491

17/08/2012

9,500,000.00

AXIS BANK LIMITED

TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G 
ARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA

B57681900

6

10377712

17/08/2012

9,500,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

B58531229

7

10347623

16/03/2012

11,750,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

B36985794

8

10329867

30/12/2011

8,500,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

B29923265

9

10323193

20/12/2011

10,000,000.00

KOTAK MAHINDRA BANK LIMITED

36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA

B27888635

10

10330338

15/12/2011

10,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

B30077119

11

10317400

29/09/2011

8,500,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

B25212382

12

10310841

17/09/2011

7,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

B22811608

13

10274294

24/02/2011

8,500,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

B08478778

14

10274775

27/01/2011

8,500,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

B08734956

15

10258963

19/12/2012 *

160,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. 
ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 
400018, INDIA

B67906123

16

10241919

17/09/2010

16,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A95629333

17

10242173

31/08/2010

6,400,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A95695169

18

10240863

05/08/2010

9,600,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A95295267

19

10225425

11/06/2010

1,385,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A87843397

20

10225426

11/06/2010

7,750,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A87843603

21

10225563

11/06/2010

7,750,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A87947479

22

10271678

19/12/2012 *

160,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. 
ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 
400018, INDIA

B65542425

23

10213529

30/03/2010

6,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A83459560

24

10209826

26/02/2010

3,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A82313925

25

10176669

22/08/2009

585,558.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A69795789

26

10164321

29/06/2009

7,250,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A64763881

27

10145067

12/02/2009

1,350,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A57819153

28

10141104

27/01/2009

6,750,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A56038623

29

10139178

12/01/2009

1,450,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A55375885

30

10120138

15/07/2008

8,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA

A44791945

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

Loan from Related Parties

7.600

7.944

 

 

 

Total

 

7.600

7.944

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the Company has been shifted from Shop No 1, Ratan Palace, 186, Garodia Nagar, Near Pushpa Vihar Hotel, Ghatkopar [East], Mumbai - 400077, Maharashtra, India to the present address w.e.f.19.03.2007

 

 

FIXED ASSETS:

 

·         Leasehold Land

·         Leasehold Godown

·         Leasehold Improvements

·         Furniture and Fixtures

·         Office Equipment

·         Vehicles

·         Computers and Software

·         Trucks

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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. 62.59

UK Pound

1

Rs. 92.46

Euro

1

Rs. 67.51

 

 

INFORMATION DETAILS

 

Information Gathered by :

PPT

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

BVA

 

 

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

5

--PROFITABILITY

1~10

4

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

6

--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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

48

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

RATING EXPLANATIONS

 

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.