MIRA INFORM REPORT
|
Report No. : |
337176 |
|
Report Date : |
18.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
CROWN CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
R-81/82, M.I.D.C., T.T.C. Industrial Area, Rabale, Navi
Mumbai – 400701, Maharashtra |
|
Tel. No.: |
91-22-27699157 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.08.1984 |
|
|
|
|
Com. Reg. No.: |
11-033855 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1984PTC033855 |
|
|
|
|
IEC No.: |
0396064167 |
|
|
|
|
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
: |
Manufacturer and exporter of Chemicals. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
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 a satisfactory track record. The company has achieved profit as compared to previous year loss.
General financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment
terms are 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
31-03-2013.
INFORMATION DECLINED
MANAGEMENT NON CO-OPERATIVE (91-22-27699157)
LOCATIONS
|
Registered Office : |
R-81/82, M.I.D.C., T.T.C. Industrial Area, Rabale, Navi
Mumbai – 400701, Maharashtra, India |
|
Tel. No.: |
91-22-27699157 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
DIRECTORS
AS ON 25.08.2014
|
Name : |
Mathew Menacherry |
|
Designation : |
Director |
|
Address : |
605/606, Lake Lucerne, Lake Homes, Off A.S. Marg, Near
Gopal Sharma School, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Birth/Age : |
03.05.1971 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00340905 |
|
|
|
|
Name : |
Mansoor Hakimuddin Calcuttawala |
|
Designation : |
Director |
|
Address : |
B/8 Matcheswala Apts, Station Road, Santacruz West, Mumbai
- 400054, Maharashtra, India |
|
Date of Birth/Age : |
14.03.1945 |
|
Date of Appointment : |
26.09.2009 |
|
DIN No.: |
00340975 |
|
|
|
|
Name : |
Paul Vincent Menacherry |
|
Designation : |
Director |
|
Address : |
1020/1021, E Wing, Maple Leaf, Raheja Vihar, Powai,,
Mumbai - 400072, Maharashtra, India |
|
Date of Birth/Age : |
07.11.1969 |
|
Date of Appointment : |
05.01.2008 |
|
DIN No.: |
00341014 |
|
|
|
|
Name : |
Arun Khanderia |
|
Designation : |
Director |
|
Address : |
1/1 Chakraberia Lane (North), Po- Elgin Road, Kolkata -
700020, West Bengal, India |
|
Date of Birth/Age : |
23.07.1942 |
|
Date of Appointment : |
01.06.2008 |
|
DIN No.: |
00447728 |
|
|
|
|
Name : |
Vincent Paul |
|
Designation : |
Director |
|
Address : |
815-D, Paradise, Raheja Vihar, Chandivli Farm Road,
Powai,, Mumbai - 400072, Maharashtra, India |
|
Date of Birth/Age : |
19.07.1936 |
|
Date of Appointment : |
05.01.2008 |
|
DIN No.: |
01504977 |
|
|
|
|
Name : |
Eric Moussu |
|
Designation : |
Director |
|
Address : |
80 Allee Des Bruyeres, Onesse Et Laharie, 40110, France |
|
Date of Birth/Age : |
03.12.1966 |
|
Date of Appointment : |
12.09.2013 |
|
DIN No.: |
02702985 |
|
|
|
|
Name : |
Bertrand Francois Boulin |
|
Designation : |
Director |
|
Address : |
485 Route De Lehitte, Sort En Chalosse, 40180, France |
|
Date of Birth/Age : |
31.03.1972 |
|
Date of Appointment : |
12.09.2013 |
|
DIN No.: |
02703405 |
|
|
|
|
Name : |
Philippe Rene Sainte Cluque |
|
Designation : |
Director |
|
Address : |
425 Route Du Moulin D'oro Pouchiou, Saugnac Et Cambran,
40180, France |
|
Date of Birth/Age : |
02.06.1962 |
|
Date of Appointment : |
12.09.2013 |
|
DIN No.: |
02703438 |
|
|
|
|
Name : |
Laurent Jean Andre Labatut |
|
Designation : |
Director |
|
Address : |
323 Avenue Jean Rieux, Toulouse, 31500, France |
|
Date of Birth/Age : |
18.04.1972 |
|
Date of Appointment : |
11.05.2011 |
|
DIN No.: |
02703468 |
|
|
|
|
Name : |
Jerome Rene Jean Montoya |
|
Designation : |
Director |
|
Address : |
9, Rue Du Tuqueou,40990, St. Paul Les Dax, France, 40990,
France |
|
Date of Birth/Age : |
08.10.1967 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
06721996 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Paul Vincent |
|
10 |
|
Menacherry Vincent Paul |
|
10 |
|
Anthea Aromatics Private Limited |
|
29980 |
|
Les Derives Resiniques Et Terpeniques |
|
30000 |
|
Total |
|
60000 |
AS ON 24.03.2015
|
Names of Allottees |
|
No. of Shares |
|
DRT – Anthea Aroma Chemicals Private Limited |
|
6250 |
|
Total |
|
6250 |
Equity Share Break up (Percentage of Total Equity)
AS ON 25.08.2014
|
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 |
50.00 |
|
Bodies corporate |
49.97 |
|
Directors or relatives of Directors |
0.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter of Chemicals. |
|
|
|
|
Products : |
Perfumery Chemicals |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
Details of terms and condition of repayment and securities are as
under
|
|
Auditors : |
|
|
Name : |
Desai Saksena and Associates Chartered Accountant |
|
Address : |
Laxmi Building, 1st Floor, Sir P M Road, Fort, Mumbai – 400001,
Maharashtra, India |
|
Tel. No.: |
91-22-66261600 |
|
Fax No.: |
91-22-66261617 |
|
E-Mail : |
|
|
Website: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFD6281B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister concern : |
Anthea Aromatics Private Limited Factory Address:
MIDC
Tarapur Industrial Area, Boisar, Thane – 401506, Maharashtra, India |
CAPITAL STRUCTURE
AS ON 25.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70000 |
Equity Shares |
Rs.100/- each |
Rs. 7.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
66250 |
Equity Shares |
Rs.100/- each |
Rs. 6.625
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70000 |
Equity Shares |
Rs.100/- each |
Rs. 7.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
Rs.100/- each |
Rs. 6.000
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 |
6.000 |
4.380 |
4.200 |
|
(b) Reserves & Surplus |
150.189 |
(15.637) |
(0.471) |
|
(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) |
156.189 |
(11.257) |
3.729 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
98.166 |
113.420 |
114.687 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
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) |
98.166 |
113.420 |
114.687 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
38.030 |
32.573 |
16.826 |
|
(b) Trade payables |
24.125 |
11.638 |
17.415 |
|
(c) Other current liabilities |
5.121 |
14.088 |
13.800 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
67.276 |
58.299 |
48.041 |
|
|
|
|
|
|
TOTAL |
321.631 |
160.462 |
166.457 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
81.518 |
87.520 |
90.388 |
|
(ii) Intangible Assets |
0.001 |
0.002 |
0.002 |
|
(iii) Capital work-in-progress |
12.453 |
0.101 |
0.017 |
|
(iv) Intangible assets under
development |
3.329 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
0.994 |
0.096 |
0.096 |
|
(d) Long-term Loan and Advances |
11.396 |
5.172 |
5.483 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.054 |
|
Total
Non-Current Assets |
109.716 |
92.916 |
96.065 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
39.783 |
21.456 |
31.417 |
|
(c) Trade receivables |
62.514 |
25.469 |
19.186 |
|
(d) Cash and cash equivalents |
86.086 |
1.964 |
1.948 |
|
(e) Short-term loans and
advances |
23.532 |
18.657 |
17.841 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
211.915 |
67.546 |
70.392 |
|
|
|
|
|
|
TOTAL |
321.631 |
160.462 |
166.457 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
189.514 |
96.791 |
28.990 |
|
|
Other Income |
8.417 |
1.272 |
4.200 |
|
|
TOTAL
(A) |
197.931 |
98.063 |
33.190 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
94.340 |
46.709 |
|
|
|
Purchases of Stock-in-Trade |
38.707 |
23.734 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(13.795) |
9.217 |
|
|
|
Employees benefits expense |
22.440 |
21.007 |
|
|
|
Other expenses |
19.438 |
8.858 |
|
|
|
Prior Period Income |
-0.369 |
0.000 |
|
|
|
TOTAL
(B) |
160.761 |
109.525 |
43.710 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
37.170 |
(11.462) |
(10.520) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.203 |
15.255 |
18.110 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
22.967 |
(26.717) |
(28.630) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
5.081 |
4.990 |
4.810 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
17.886 |
(31.707) |
(33.440) |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.938 |
0.000 |
0.040 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
16.948 |
(31.707) |
(33.480) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
123.158 |
62.354 |
NA |
|
TOTAL
EARNINGS |
123.158 |
62.354 |
NA |
|
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORTS |
22.332 |
8.734 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
|
|
Basic |
282.46 |
(723.91) |
NA |
|
|
Diluted
|
318.27 |
(723.91) |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
10.000 |
10.000 |
|
Cash generated from operations |
NA |
|
|
|
Net cash flows from (used in) operations |
NA |
|
|
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
8.94 |
(32.76) |
(115.49) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
19.61 |
(11.84) |
(36.29) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.87 |
(19.79) |
(20.11) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
2.82 |
(8.97) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.87 |
(13.86) |
37.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.15 |
1.16 |
1.47 |
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 |
4.200 |
4.380 |
6.000 |
|
Reserves & Surplus |
(0.471) |
(15.637) |
150.189 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3.729 |
(11.257) |
156.189 |
|
|
|
|
|
|
long-term borrowings |
114.687 |
113.420 |
98.166 |
|
Short term borrowings |
16.826 |
32.573 |
38.030 |
|
Current maturities of
long-term debts |
10.000 |
10.000 |
0.000 |
|
Total
borrowings |
141.513 |
155.993 |
136.196 |
|
Debt/Equity
ratio |
37.949 |
(13.857) |
0.872 |
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 |
28.990 |
96.791 |
189.514 |
|
|
|
233.877 |
95.797 |
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 |
28.990 |
96.791 |
189.514 |
|
Profit |
(33.480) |
(31.707) |
16.948 |
|
|
(115.49%) |
(32.76%) |
8.94% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from 104 Pravint Apartmintssunder Nagar, Kalina, Mumbai – 400098,
Maharashtra, India to the present address
w.e.f. 19.03.2009
OPERATIONS
During the year ended 31st
March, 2015 the company achieved the sales turnover of Rs. 195.43 Million. The
profit after tax for the year Rs. 16.95 Million.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan from directors / Others |
0.000 |
0.253 |
|
Loan from Anthea Aromatics Private Limited |
98.167 |
98.166 |
|
Total |
98.167 |
98.419 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10452037 |
13/08/2013 |
35,000,000.00 |
THE FEDERAL BANK LTD |
VASHI BRANCH 51,
APSARA APARTMENT,, SECTOR 17, VA |
B86208410 |
|
2 |
10452061 |
13/08/2013 |
1,000,000.00 |
THE FEDERAL BANK LTD |
VASHI BRANCH 51,
APSARA APARTMENT,, SECTOR 17, VA |
B86217320 |
|
3 |
10452770 |
13/08/2013 |
10,000,000.00 |
THE FEDERAL BANK LTD |
VASHI BRANCH 51, APSARA
APARTMENT,, SECTOR 17, VA |
B86541653 |
|
4 |
10354595 |
30/03/2015 * |
50,000,000.00 |
THE FEDERAL BANK LTD |
VASHI BRANCH 51,
APSARA APARTMENT,, SECTOR 17, VA |
C53608279 |
|
5 |
10212604 |
23/03/2010 |
50,000,000.00 |
THE FEDERAL BANK LIMITED |
VASHI BRANCH, 51
APSARA APARTMENTS, SECTOR 17, VA |
A83120758 |
|
6 |
10101706 |
27/03/2008 |
5,000,000.00 |
THE FEDERAL BANK LTD |
51, APARTMENTS,
SECTOR 17,, VASHI, NAVI MUMBAI, M |
A38127064 |
|
7 |
10101713 |
27/03/2008 |
5,000,000.00 |
THE FEDERAL BANK LTD |
51, APARTMENTS, SECTOR
17,, VASHI, NAVI MUMBAI, M |
A38137642 |
|
8 |
10101705 |
13/08/2013 * |
20,000,000.00 |
THE FEDERAL BANK LTD |
VASHI BRANCH 51,
APSARA APARTMENT,, SECTOR 17, VA |
B86541299 |
|
9 |
90223478 |
23/03/2010 * |
75,000,000.00 |
THE FEDERAL BANK LIMITED |
VASHI BRANCH, 51
APSARA APARTMENTS, SECTOR 17, VA |
A83120436 |
|
10 |
90242462 |
04/03/2005 * |
3,000,000.00 |
THE FEDERAL BANK LTD |
LARAM CENTRE SV
ROAD ANDHERI WEST, MUMBAI, MAHARAS |
- |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
Letter of credit issued by banks |
7.541 |
2.785 |
FIXED ASSETS
Tangible Asset
- Leasehold Land
- Factory Building
- Plant and Machinery
- Furniture and Fixtures
- Vehicles
Intangible Assets
- Common Effluent Treatment
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.65.22 |
|
UK Pound |
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.