MIRA INFORM REPORT
|
Report No. : |
320195 |
|
Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
DEVHARSH INFOTECH PRIVATE LIMITED (w.e.f.30.11.2004) |
|
|
|
|
Formerly Known
As : |
HARMONY INFOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Bhumi Industrial Park, Bhumi World, Gala No. 22, Building No. D-5,
Mumbai Nashik Bypass Road, Pimplas Village, Bhiwandi, Thane – 421311,
Maharashtra |
|
Tel. No.: |
91-22-67974911 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
Date of
Incorporation : |
16.06.2004 |
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|
|
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Com. Reg. No.: |
11-146993 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.129 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH2004PTC146993 |
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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 and Exporter of Paper products, like Cheque, Tickets and
All types of Rolls. |
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|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 satisfactory track record. Financial position of the company seems to be decent. 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 |
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. Siddhesh Sawant |
|
Designation : |
Account Department |
|
Contact No.: |
91-22-67974 |
|
Date : |
28.04.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Bhumi Industrial Park, Bhumi World, Gala No. 22, Building No. D-5,
Mumbai Nashik Bypass Road, Pimplas Village, Bhiwandi, Thane – 421311,
Maharashtra, India |
|
Tel. No.: |
91-22-67974911 |
|
Fax No.: |
91-22-25772712 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office and Admin Office
: |
Gala No. 16, Samrat Mill Compound, L.B.S. Marg, Vikroli
(West), Mumbai - 400079, Maharashtra, India |
|
Tel. No.: |
91-22-25774911/ 25784858/ 67974911 /66022000 (100 Lines) |
|
Fax No.: |
91-22-66022020/ 10 |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Dilip Mansukhlal Shah |
|
Designation : |
Director |
|
Address : |
1103, Adinath Tower Sudha Park, Opposite Shanti Park, Garodia Nagar,
Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
25.03.1963 |
|
Date of Appointment : |
16.06.2004 |
|
DIN No.: |
01263227 |
|
|
|
|
Name : |
Mr. Rakesh Shah |
|
Designation : |
Director |
|
Address : |
Flat No.601, 6th Floor, Parhwanath, Sudha Park, Garodia, Nagar,
Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
08.02.1969 |
|
Date of Appointment : |
16.06.2004 |
|
DIN No.: |
01627360 |
KEY EXECUTIVES
|
Name : |
Mr. Siddhesh Sawant |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Dilip Mansukhlal Shah |
|
612 |
|
Rakesh M Shah |
|
613 |
|
Dhiruvi R Shah |
|
24 |
|
Mansukhlal D. Shah (HUF) |
|
16 |
|
Manisha Shah |
|
1 |
|
Bhartiben Shah |
|
6 |
|
Ayushi Shah |
|
1 |
|
Devanshu Shah |
|
1 |
|
Maitry Shah |
|
1 |
|
Hrishi Shah |
|
1 |
|
Dilip M. Shah (HUF) |
|
1 |
|
Rakesh M. Shah (HUF) |
|
1 |
|
Dilip M. Shah and Rakesh M. Shah |
|
1 |
|
|
|
|
|
Total |
|
1292 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
98.68 |
|
Other
top fifty shareholders |
1.32 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Paper products, like Cheque, Tickets and
All types of Rolls. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
v Sri Lanka v Africa v Gulf Countries v Dubai |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
v Germany v Japan v China |
|
|
|
|
Terms : |
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|
Selling : |
Advance Payment, Cheque and Credit |
|
|
|
|
Purchasing : |
Advance Payment, Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
OEMs and Manufacturer
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No. of Employees : |
50 (Approximately) |
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Bankers : |
v The Saraswat Cooperative Bank Limited SME Branch, Prabhat Bhavan, Block B, 1st Floor, 96, L. B. S.
Marg, Opposite Cipla, Vikhroli (West), Mumbai - 400083, Maharashtra, India |
|||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
M.H. Jain and Company Chartered Accountants |
|
Address : |
D-313, Neelkanth Business Park, Near Vidyavihar Bus Depot, Vidyavihar
[West], Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25125416/ 23449097 |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFM0559R |
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|
Memberships : |
Not Available |
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|
|
Collaborators : |
Not Available |
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|
|
|
Company in which KMP/Relatives of KMP can exercise significant
influence : |
v
Pioneer International v
Accurate Graphics Private Limited v
Manisha Traders |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1292 |
Equity Shares |
Rs. 100/- each |
Rs. 0.129
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 |
0.129 |
0.130 |
0.100 |
|
(b) Reserves & Surplus |
39.828 |
32.622 |
15.754 |
|
(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) |
39.957 |
32.752 |
15.854 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
124.938 |
94.589 |
27.009 |
|
(b) Deferred tax liabilities (Net) |
0.320 |
0.388 |
0.000 |
|
(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) |
125.258 |
94.977 |
27.009 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
23.511 |
38.593 |
0.000 |
|
(b)
Trade payables |
0.000 |
0.000 |
81.625 |
|
(c)
Other current liabilities |
48.975 |
84.897 |
36.163 |
|
(d)
Short-term provisions |
0.873 |
0.548 |
0.127 |
|
Total
Current Liabilities (4) |
73.359 |
124.038 |
117.915 |
|
|
|
|
|
|
TOTAL |
238.574 |
251.767 |
160.778 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
46.026 |
47.981 |
24.799 |
|
(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 |
0.080 |
0.082 |
0.026 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.174 |
|
(d) Long-term Loan
and Advances |
42.138 |
25.248 |
5.150 |
|
(e)
Other Non-current assets |
0.017 |
0.027 |
0.013 |
|
Total
Non-Current Assets |
88.261 |
73.338 |
30.162 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
51.638 |
55.857 |
51.971 |
|
(c)
Trade receivables |
69.216 |
101.148 |
68.464 |
|
(d)
Cash and cash equivalents |
18.619 |
10.128 |
5.855 |
|
(e)
Short-term loans and advances |
9.470 |
9.926 |
4.319 |
|
(f)
Other current assets |
1.370 |
1.370 |
0.007 |
|
Total
Current Assets |
150.313 |
178.429 |
130.616 |
|
|
|
|
|
|
TOTAL |
238.574 |
251.767 |
160.778 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
333.827 |
237.446 |
133.912 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
19.850 |
11.188 |
8.833 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.108 |
3.504 |
4.455 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.742 |
7.684 |
4.378 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.932 |
2.089 |
2.052 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
10.810 |
5.595 |
2.326 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.603 |
2.506 |
0.947 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.207 |
3.089 |
1.379 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
32.622 |
15.754 |
14.375 |
|
|
|
|
|
|
|
|
|
Less |
INTER CO SHARE
HOLDING WRITTEN OFF |
0.001 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
RESERVES CREATED
ON ACCOUNT OF AMALGAMATION |
0.000 |
13.779 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
39.828 |
32.622 |
15.754 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
35.227 |
16.118 |
2.871 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
56.713 |
2.247 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5578.17 |
2372.27 |
1379.24 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
460.000 |
|
|
|
|
|
The above information has been parted by Mr. Siddhesh Sawant (Account
Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.16 |
1.30 |
1.03 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.95 |
4.71 |
6.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.53 |
2.22 |
1.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.17 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.13 |
2.89 |
1.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05 |
1.44 |
1.11 |
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 |
0.100 |
0.130 |
0.129 |
|
Reserves & Surplus |
15.754 |
32.622 |
39.828 |
|
Net worth |
15.854 |
32.752 |
39.957 |
|
|
|
|
|
|
long-term borrowings |
27.009 |
94.589 |
124.938 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
27.009 |
94.589 |
124.938 |
|
Debt/Equity ratio |
1.704 |
2.888 |
3.127 |
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 |
133.912 |
237.446 |
333.827 |
|
|
|
77.315 |
40.591 |
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 |
133.912 |
237.446 |
333.827 |
|
Profit |
1.379 |
3.089 |
7.207 |
|
|
1.03% |
1.30% |
2.16% |
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 debt |
|
|
|
|
Term Loan Account (6918) |
0.000 |
0.275 |
0.276 |
|
Term Loan Account (3043) |
0.000 |
0.050 |
0.233 |
|
Term Loan Account (44) |
0.000 |
1.600 |
1.586 |
|
Term Loan Account (6544) |
0.000 |
0.020 |
0.262 |
|
Term Loan Account (6545) |
0.000 |
0.020 |
0.266 |
|
Term Loan Account (32) |
0.000 |
0.720 |
0.000 |
|
|
0.000 |
|
|
|
Total |
0.000 |
2.685 |
2.623 |
|
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 |
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 |
No |
NOTE:
The Registered office of the company has been
shifted from Gala No. 16, Samrat Mill Compound, L.B.S. Marg, Vikroli
(West), Mumbai – 400079, Maharashtra, India to the present address
w.e.f.11.11.2013.
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits Rabita Internationals |
0.000 |
0.950 |
|
From Directors Dilip M. Shah |
37.291 |
37.366 |
|
Rakesh M. Shah |
59.182 |
43.249 |
|
From Shareholders |
0.000 |
11.269 |
|
From Relatives |
0.000 |
0.330 |
|
|
|
|
|
Total |
96.473 |
93.164 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10545631 |
02/01/2015 |
399,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DEPARTMENT,
303,ISHAN ARCADE,BHAVE COMPOUND, |
C41686577 |
|
2 |
10509346 |
02/07/2014 |
962,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DEPARTMENT,
303,ISHAN ARCADE,BHAVE COMPOUND, |
C11536190 |
|
3 |
10444155 |
23/07/2013 |
2,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SME BRANCH, PRABHAT
BHAVAN, BLOCK B, 1ST FLOOR, |
B82631102 |
|
4 |
10340610 |
10/02/2012 |
924,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DEPARTMENT,
303,ISHAN ARCADE,BHAVE COMPOUND, |
B34336792 |
|
5 |
10240017 |
02/09/2010 |
710,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DEPARTMENT,
303,ISHAN ARCADE,BHAVE COMPOUND, |
A94779923 |
|
6 |
10240018 |
02/09/2010 |
710,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DEPARTMENT,
303,ISHAN ARCADE,BHAVE COMPOUND, |
A94780319 |
|
7 |
10212622 |
06/04/2010 |
2,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SME BRANCH, PRABHAT
BHAVAN, BLOCK B, 1ST FLOOR, |
A83346908 |
|
8 |
10187663 |
23/11/2009 |
977,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SME BRANCH, PRABHAT
BHAVAN, BLOCK B, 1ST FLOOR, |
A74092602 |
|
9 |
10187662 |
23/11/2009 |
6,817,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SME BRANCH, PRABHAT
BHAVAN, BLOCK B, 1ST FLOOR, |
A74091323 |
|
10 |
10124682 |
25/09/2008 |
995,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
THANE NAGAR VACHNALAY MANDIR BUILDING, TEMBHI NAKA, THANE - 400602, Maharashtra, INDIA |
A47676358 |
* Date of charge modification
FIXED ASSETS:
v Computers
v Land and Building
v Plant and
Machinery
v Vehicles
v Office Equipment
v Furniture and
Fixture
v Laboratory
Equipments
v Software and
Technology
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report: No press reports / filings exists on the
subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.33 |
|
|
1 |
Rs.96.52 |
|
Euro |
1 |
Rs.68.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
49 |
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.