MIRA INFORM REPORT
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Report No. : |
352612 |
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Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
S M I COATED PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
51, Shiv Shakti Industrial Estate Opposite Mittal Estate, Andheri
Kurla Road, Mumbai – 400053, Maharashtra |
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Tel. No.: |
91-22-42048000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
03.04.2003 |
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Com. Reg. No.: |
11-139869 |
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Capital
Investment / Paid-up Capital : |
Rs. 19.600 Million |
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CIN No.: [Company Identification
No.] |
U74999MH2003PTC139869 |
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IEC No.: |
0303072687 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMM19177E |
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PAN No.: [Permanent Account No.] |
AAHCS411SN |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, exporter and Importer of Label stock solutions. (Confirmed by management) |
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No. of Employees
: |
180 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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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 was established as a proprietorship concern in 1993 and converted into a limited company in 2003. The company is engaged in the manufacturing, exporting and importing of paper based and filmic sticker labels. The company has its registered office at Andheri and manufacturing facility at Ambernath, Thane. For the financial year ended 2014, the company has reported growth of 20.43% in its revenue and it has average decent profitability margins at 5.84% during the year under a review. Rating also takes into consideration company’s sound financial risk profile backed by adequate operating efficiency and above average liquidity position of the company. Rating also takes a positive note on established experience of the promoter-director in the label industry and positive growth prospectus for the labels demand driven by growth in the packaging industry. Rating strength partially offset by intensely competitive nature of the label industry and susceptibility to forex fluctuations. Trade relations are reported as fair. Payment terms are reported to be usually correct. The company can be considered for business dealings at usual trade terms and condition. Note: As per our sources and investigation, partial information on company’s background taken from indirect sources i.e. ICRA. Furthermore, as per registrar of companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2015 but the documents related to the financials for the year 31.03.2015 are not available from any source. |
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 |
ICRA |
|
Rating |
Term Loans = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
February 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Unallocated Limits = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
February 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Imran |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-42048000 |
|
Date: |
02.12.2015 |
LOCATIONS
|
Registered Office : |
51, Shiv Shakti Industrial Estate Opposite Mittal Estate, Andheri
Kurla Road, Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-42048000/ 66924530/ 66924531 |
|
Fax No.: |
91-22-28523897 |
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E-Mail : |
contactus@smicoatedproducts.com |
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Website : |
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Corporate Office: |
1-B-2, Gundecha Onclave, Kherani Road, Sakinaka, Andheri (East),
Mumbai – 400059, Maharashtra, India |
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|
|
|
Factory : |
B-120, MIDC, Industrial Area, Anand Nagar, Ambernath (East), Thane –
421506, Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ajay Om Prakash Mehta |
|
Designation : |
Director |
|
Address : |
205-C, Kenmore
Housing Society Limited, 2nd Cross Lane, Lokhandwala Complex,
Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
18.10.1961 |
|
Qualification : |
B. Sc. |
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Date of Appointment : |
03.04.2003 |
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PAN No.: |
AADPM5591P |
|
Voter ID No.: |
MT/08/039/274053 |
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DIN No.: |
00208284 |
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|
|
|
Name : |
Mrs. Swati Ajay Mehta |
|
Designation : |
Director |
|
Address : |
205-C, Kenmore
Housing Society Limited, 2nd Cross Lane, Lokhandwala Complex,
Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
14.01.1963 |
|
Qualification : |
B. Com. |
|
Date of Appointment : |
10.05.2003 |
|
PAN No.: |
AACPM1388B |
|
Voter ID No.: |
MT/08/039/274054 |
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DIN No.: |
00208327 |
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|
|
|
Name : |
Mr. Rohit Ajay Mehta |
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Designation : |
Director |
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Address : |
101-Tej Mahan Apartment, Nargish Compound, J.B. Nagar, Andheri (East), Mumbai - 400069, Maharashtra, India |
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Date of Birth/Age : |
29.03.1986 |
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Date of Appointment : |
30.03.2009 |
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PAN No.: |
AKCPM4844N |
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DIN No.: |
02587850 |
KEY EXECUTIVES
|
Name : |
Mr. Imran |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Ajay Omprakash Mehta |
187000 |
95.41 |
|
Shakuntala Omprakash Mehta |
2000 |
1.02 |
|
Swati Ajay Mehta |
7000 |
3.57 |
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|
|
|
|
Total |
196000 |
100.00 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, exporter and Importer of Label stock solutions. (Confirmed by management) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, Cheque and Credit (30/60/90 days) |
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Purchasing : |
Cash, Cheque and Credit (30/60/90 days) |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesaler, Retailer and End Users
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No. of Employees : |
180 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
U. D. Kachare and Company Chartered Accountants |
|
Address : |
C6, Saraswati Apartments, Laxmi Nagar, Mahadevbhai Desai
Road, Borivali [East], Mumbai – 400066, Maharashtra, India |
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PAN No.: |
AAHPK2745B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives: |
·
S M Plastic Industries ·
Paper and Plastic Industries |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs. 100/- each |
Rs. 20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
196,000 |
Equity Shares |
Rs. 100/- each |
Rs. 19.600
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
19.600 |
19.600 |
19.600 |
|
(b) Reserves & Surplus |
254.642 |
184.921 |
130.704 |
|
(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) |
274.242 |
204.521 |
150.304 |
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(3)
Non-Current Liabilities |
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|
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|
(a) long-term borrowings |
37.408 |
18.279 |
32.720 |
|
(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) |
37.408 |
18.279 |
32.720 |
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(4)
Current Liabilities |
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|
|
|
(a) Short
term borrowings |
233.579 |
218.776 |
179.248 |
|
(b) Trade
payables |
140.281 |
142.194 |
92.743 |
|
(c) Other
current liabilities |
27.603 |
32.483 |
22.133 |
|
(d) Short-term
provisions |
11.685 |
8.866 |
3.418 |
|
Total Current
Liabilities (4) |
413.148 |
402.319 |
297.542 |
|
|
|
|
|
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TOTAL |
724.798 |
625.119 |
480.566 |
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
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|
(a) Fixed
Assets |
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|
|
|
(i)
Tangible assets |
67.797 |
68.650 |
65.997 |
|
(ii)
Intangible Assets |
0.648 |
1.080 |
1.800 |
|
(iii)
Capital work-in-progress |
56.470 |
23.015 |
19.515 |
|
(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) |
0.894 |
0.390 |
0.380 |
|
(d) Long-term Loan and Advances |
2.513 |
2.947 |
4.236 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
128.322 |
96.082 |
91.928 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
154.610 |
167.493 |
131.026 |
|
(c) Trade
receivables |
399.319 |
330.892 |
240.791 |
|
(d) Cash
and cash equivalents |
15.202 |
10.663 |
2.117 |
|
(e)
Short-term loans and advances |
26.873 |
19.896 |
14.692 |
|
(f) Other current
assets |
0.472 |
0.093 |
0.012 |
|
Total
Current Assets |
596.476 |
529.037 |
388.638 |
|
|
|
|
|
|
TOTAL |
724.798 |
625.119 |
480.566 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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GROSS REVENUE |
1314.983 |
1091.961 |
823.110 |
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EXPENSES |
NA |
NA |
NA |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
126.993 |
99.194 |
43.897 |
|
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|
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|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
10.513 |
10.881 |
10.938 |
|
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|
|
|
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|
PROFIT/
(LOSS) BEFORE TAX |
116.480 |
88.313 |
32.959 |
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|
Less |
TAX |
39.696 |
29.540 |
10.930 |
|
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|
PROFIT/
(LOSS) AFTER TAX |
76.784 |
58.773 |
22.029 |
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
664.803 |
511.835 |
349.519 |
|
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TOTAL EARNINGS |
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IMPORTS |
|
|
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|
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|
Raw Materials |
NA |
381.968 |
349.519 |
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|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
391.76 |
299.86 |
112.39 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1520.000 |
The above information has been parted by Mr. Imran
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
13.694 |
18.354 |
18.487 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activities |
48.190 |
30.370 |
7.139 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.45 |
14.68 |
7.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42 |
0.43 |
0.22 |
|
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|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.04 |
1.25 |
1.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44 |
1.31 |
1.31 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
19.600 |
19.600 |
19.600 |
|
Reserves & Surplus |
130.704 |
184.921 |
254.642 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
150.304 |
204.521 |
274.242 |
|
|
|
|
|
|
long-term borrowings |
32.720 |
18.279 |
37.408 |
|
Short term borrowings |
179.248 |
218.776 |
233.579 |
|
Current maturities of
long-term debts |
18.487 |
18.354 |
13.694 |
|
Total
borrowings |
230.455 |
255.409 |
284.681 |
|
Debt/Equity
ratio |
1.533 |
1.249 |
1.038 |
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) |
|
Gross Revenue |
823.110 |
1091.961 |
1314.983 |
|
|
|
32.663 |
20.424 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Gross Revenue |
823.110 |
1091.961 |
1314.983 |
|
Profit |
22.029 |
58.773 |
76.784 |
|
|
2.68% |
5.38% |
5.84% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 four 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 |
FINANCIAL RESULTS:
During the financial year ended 31st March, 2014, the Company has earned gross revenue of Rs. 1314.982 Million The Company has earned net profit of Rs. 76.784 Million after making provision of current year’s tax (including adjustment towards Deferred Tax) of Rs. 39.696 Million and depreciation of Rs. 10.512 Million. The Company is utilizing its available resources to optimum level to increase the volume.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED
|
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10600029 |
27/09/2015 |
80,000,000.00 |
CITI BANK N.A. |
FIRST INTERNATIONAL
FINANCIAL CENTRE, 9TH FLOOR,, |
C68887389 |
|
2 |
10592776 |
17/09/2015 |
30,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
52/60, MAHATMA
GANDHI ROAD, FORT, MUMBAI, MAHARAS |
C65102667 |
|
3 |
10589663 |
20/08/2015 |
15,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
52/60, MAHATMA
GANDHI ROAD,, MUMBAI, MAHARASHTRA - |
C63382923 |
|
4 |
10589664 |
17/08/2015 |
200,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMI |
52/60, MAHATMA
GANDHI ROAD,, MUMBAI, MAHARASHTRA - |
C63383335 |
|
5 |
10587770 |
30/07/2015 |
32,200,000.00 |
DEUTSCHE BANK AG |
P.O. BOX NO. 9080, GOREGAON
(EAST), MUMBAI, MAHAR |
C62208749 |
|
6 |
10392226 |
11/02/2013 * |
83,990,000.00 |
BANK OF BARODA |
APPLE HERITAGE
BUILDING, CHAKALA,, ANDHERI (EAST) |
B68236447 |
|
7 |
10378748 |
07/09/2012 |
132,500,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT,
CRESCENZO, 3A/F, PLOT NO. C-38 & 39, |
B58981895 |
|
8 |
10135467 |
16/12/2008 |
90,000,000.00 |
CITIBANK N. A. |
BANDRA KURLA
COMPLEX, G-BLOCK, BANDRA EAST,, MUMB |
A53417770 |
|
9 |
10095925 |
07/04/2015 * |
200,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT,
CRESCENZO, 3A/F, PLOT NO. C-38 & 39, |
C49791346 |
|
10 |
80011245 |
12/03/2014 * |
155,000,000.00 |
CITIBANK N. A. |
FIRST INTERNATIONAL
FINANCIAL CENTRE, 9TH FLOOR,, |
C00279695 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
8.628 |
8.423 |
|
Total |
8.628 |
8.423 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Furniture and fixtures
- Plant and Equipments
- Factory Equipments
- Computer equipments
- Office equipment
- Vehicles
Intangible assets
- Computer software
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. 66.62 |
|
UK Pound |
1 |
Rs. 100.34 |
|
Euro |
1 |
Rs. 70.67 |
INFORMATION DETAILS
|
Information Gathered
by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.