MIRA
INFORM REPORT
|
Report No. : |
334544 |
|
Report Date : |
01.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
BEICO INDUSTRIES PRIVATE LIMITED (w.e.f. 26.03.2008) |
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|
|
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Formerly Known
As : |
BEICO INDUSTRIES LIMITED |
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|
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Registered Office
: |
04-01/02, Kewal Industrial Estate, Senapati Bapat Marg, Lower Parel,
Mumbai – 400013, |
|
Tel. No.: |
91-22-24938675 |
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Country : |
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
16.01.1980 |
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Com. Reg. No.: |
11-022112 |
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Capital
Investment / Paid-up Capital : |
Rs.50.000 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U31100MH1980PTC022112 |
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IEC No.: |
Not Available |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB11215B |
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|
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PAN No.: [Permanent Account No.] |
AAACB0467B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Electrical Insulating Paper, Enamelled Copper Wires,
Commutators, Varnishes and Resins. |
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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 |
|
Maximum Credit Limit : |
USD 650000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The ratings reflects BIPL’s above-average financial risk profile marked
by sound financial base and fair profitability margins of the company. 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
CRISIL |
|
Rating |
Long Term Rating: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
11.06.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A3+ |
|
Rating Explanation |
Moderate degree of safety and high credit
risk. |
|
Date |
11.06.2015 |
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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Ms. Hema |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-24938675 |
|
Date : |
30.07.2015 |
LOCATIONS
|
Registered/
Corporate Office : |
04-01/02, Kewal Industrial Estate, Senapati Bapat Marg, Lower Parel,
Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-24938675 |
|
Fax No.: |
91-22-24938685 |
|
E-Mail : |
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|
Website : |
|
|
|
|
|
Factory 1 : |
B-62/2, MIDC, Additional Industrial Area, Ambad, Nasik – 422010,
Maharashtra, India |
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|
|
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Factory 2 : |
487/488, Gonde Damala, Igatpuri, Nasik – 422403, Maharashtra, India |
DIRECTORS
AS ON 25.09.2014
|
Name : |
Mr. Suhrid Nikhil Sanghvi |
|
Designation : |
Managing Director |
|
Address : |
39/8, Bharati, Sewri Wadala Road, 14A, Kings Circle, Matunga, Mumbai – 400019, Maharashtra, India |
|
Date of Birth/Age : |
12.07.1982 |
|
Date of Appointment : |
09.03.2013 |
|
Pan No. : |
AMMPS5950P |
|
DIN No.: |
02811632 |
|
|
|
|
Name : |
Mr. Jayant Mohanlal Sanghavi |
|
Designation : |
Additional Director |
|
Address : |
9/B, Ridge Apartment, 18, Ridge Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
24.07.1937 |
|
Date of Appointment : |
30.06.2014 |
|
DIN No.: |
00359237 |
|
|
|
|
Name : |
Mrs. Divya Nikhil Sanghvi |
|
Designation : |
Director |
|
Address : |
39, Bharti Manikrao, Lotlikar Marg, Mumbai – 400019, Maharashtra, India |
|
Date of Birth/Age : |
21.11.1958 |
|
Date of Appointment : |
23.03.1992 |
|
Pan No. : |
AAEPS4448Q |
|
DIN No.: |
00381911 |
|
|
|
|
Name : |
Mr. Dolar Ratilal Koya |
|
Designation : |
Director |
|
Address : |
45, Tomlin Circle, Burr Ridge, IL – 60521, USA |
|
Date of Birth/Age : |
08.10.1936 |
|
Date of Appointment : |
29.09.1997 |
|
DIN No.: |
01101086 |
KEY EXECUTIVES
|
Name : |
Ms. Hema |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Mr. Anand Singh |
|
Designation : |
Export Import Manager |
MAJOR SHAREHOLDERS
AS ON 25.09.2014
SHAREHOLDING DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
AS ON 25.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
4.73 |
|
Bodies corporate |
14.39 |
|
Directors or relatives of Directors |
80.85 |
|
Other top fifty shareholders |
0.03 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electrical Insulating Paper, Enamelled Copper Wires,
Commutators, Varnishes and Resins. |
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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 : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
·
ICICI Bank Limited, Landmark Race Cource Circle,
Alkapuri, Baroda-390015, Gujarat, India · HDFC Bank Limited · State Bank of India |
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Facilities : |
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Auditors : |
|
|
Name : |
Gunderia and Company Chartered Accountants |
|
Address : |
1011, |
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Tel. No.: |
91-22-66335350 |
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PAN No.: |
AAAFG2905L |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
· BEICO Investments Private Limited, India CIN No.
U65990MH1980PTC022704 |
CAPITAL STRUCTURE
AS ON 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 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 |
50.000 |
50.000 |
50.000 |
|
(b) Reserves & Surplus |
177.298 |
158.766 |
146.324 |
|
(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) |
227.298 |
208.766 |
196.324 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
112.741 |
127.874 |
129.829 |
|
(b) Deferred tax liabilities (Net) |
10.174 |
11.577 |
11.568 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.030 |
0.029 |
0.144 |
|
Total Non-current Liabilities (3) |
122.945 |
139.480 |
141.541 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
80.854 |
56.820 |
82.830 |
|
(b) Trade payables |
45.828 |
31.360 |
48.290 |
|
(c) Other current
liabilities |
23.155 |
27.640 |
24.885 |
|
(d) Short-term provisions |
1.460 |
14.270 |
13.471 |
|
Total Current Liabilities (4) |
151.297 |
130.090 |
169.476 |
|
|
|
|
|
|
TOTAL |
501.540 |
478.336 |
507.341 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
198.680 |
205.301 |
176.751 |
|
(ii) Intangible Assets |
1.397 |
1.684 |
1.970 |
|
(iii) Capital
work-in-progress |
1.911 |
14.639 |
35.261 |
|
(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 |
4.937 |
4.114 |
4.121 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
206.925 |
225.738 |
218.103 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
113.974 |
125.058 |
150.810 |
|
(c) Trade receivables |
132.577 |
89.802 |
98.712 |
|
(d) Cash and cash
equivalents |
9.912 |
3.581 |
7.954 |
|
(e) Short-term loans and
advances |
36.157 |
32.419 |
30.025 |
|
(f) Other current assets |
1.995 |
1.738 |
1.737 |
|
Total Current Assets |
294.615 |
252.598 |
289.238 |
|
|
|
|
|
|
TOTAL |
501.540 |
478.336 |
507.341 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
771.559 (Gross Income) |
691.320 |
669.900 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
87.490 |
75.340 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
23.950 |
16.510 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
63.540 |
28.830 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
27.400 |
24.850 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
32.754 |
36.140 |
33.980 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
14.222 |
11.890 |
11.220 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
18.532 |
24.250 |
22.760 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
99.240 |
89.120 |
80.260 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
2.430 |
2.280 |
|
|
|
Tax on Dividend |
0.000 |
1.700 |
1.620 |
|
|
|
Proposed Final Dividend |
0.000 |
10.000 |
10.000 |
|
|
BALANCE CARRIED
TO THE B/S |
117.772 |
99.240 |
89.120 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
13.000 |
10.030 |
|
|
TOTAL EARNINGS |
NA |
13.000 |
10.030 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
|
|
|
|
Packing Material/ Stores and Spares |
|
|
|
|
|
TOTAL IMPORTS |
NA |
113.000 |
154.770 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.71 |
4.85 |
4.55 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
|
Expected Sales (2015-2016): Rs.
The above information has been parted by
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
56.464 |
105.558 |
64.879 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
NA |
3.51 |
3.40 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
12.66 |
11.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.56 |
7.79 |
7.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.17 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.85 |
0.88 |
1.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.95 |
1.94 |
1.71 |
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 |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
146.324 |
158.766 |
177.298 |
|
Net
worth |
196.324 |
208.766 |
227.298 |
|
|
|
|
|
|
long-term borrowings |
129.829 |
127.874 |
112.741 |
|
Short term borrowings |
82.830 |
56.820 |
80.854 |
|
Total
borrowings |
212.659 |
184.694 |
193.595 |
|
Debt/Equity
ratio |
1.083 |
0.885 |
0.852 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Intercorporate
Borrowings |
7.112 |
17.025 |
|
Deferred payment
liabilities |
9.931 |
9.932 |
|
Loans and
advances from directors |
72.340 |
40.139 |
|
Loans and
advances from others |
15.137 |
60.778 |
|
|
|
|
|
Total |
104.52 |
127.874 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10040575 |
18/09/2014
* |
200,000,000.00 |
CITI
BANK N.A. |
FIRST
INTERNATIONAL FINANCIAL CENTRE,PLOT NOS.C-54, C-55, G BLOCK, BANDRA KURLA
COMPLEX, BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA |
C26562173 |
|
2 |
90231276 |
03/09/2010
* |
100,000,000.00 |
CITIBANK
N. A. |
TRENT
HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA (E),
MUMBAI, MAHARASHTRA |
A94547601 |
|
3 |
90226159 |
22/07/2014
* |
200,000,000.00 |
STATE
BANK OF INDIA |
STERLING
CENTER, DR. A.B. ROAD, WORLI, MUMBAI, MA |
C21494349 |
|
4 |
90225985 |
25/11/1994 |
7,500,000.00 |
THE
BRITISH BANK OF THE MIDDLE EAST |
16;
VEER NARIMAN ROAD, BOMBAY, MAHARASHTRA - 400023, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
·
·
· Building
· Flat
· Plant and Machinery
· Intangible Asset
· Furniture and Fixtures
· Computers
· Motor Cars
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.64.01 |
|
|
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
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 |
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 |
|
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 |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.