MIRA INFORM REPORT
|
Report No. : |
354296 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ICE MAKE REFRIGERATION PRIVATE LIMITED (w.e.f. August 2015) |
|
|
|
|
Formerly Known
As : |
IC ICE MAKE REFRIGERATION PRIVATE LIMITED |
|
|
|
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Registered
Office : |
B-1, Vasupujya Chamber, Near Navdeep Building, Income-Tax Cross Road,
Ahmedabad-380014, Gujarat |
|
Tel. No.: |
91-79-27540630 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
31.03.2009 |
|
|
|
|
Com. Reg. No.: |
04-056482 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.14.390 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29220GJ2009PTC056482 |
|
|
|
|
IEC No.: |
0809003465 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCI0566L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the manufacturing and exporting of Cold Rooms, Freezer and Refrigeration System etc. (Registered Activity and also Confirmed by management) |
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|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 2009 and it is engaged in
manufacturing and exporting of cooling systems and related accessories. For the financial year ended 2015 company has reported 28.94% sales
turnover growth as compared to previous year sales turnover and it has
maintained average profitability margins at 2.12% during the year under
review. Rating takes into consideration company’s established track record of
business operations supported by its satisfactory financial profile along
with favorable gap between trade payables to its receivables and average
coverage indicators. Trade relations are reported as fair. Payment terms are reported to be
usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Nikhil Bhatt |
|
Designation : |
Sales and Marketing – Head |
|
Contact No.: |
91-9727762427 |
|
Date : |
12.12.2015 |
LOCATIONS
|
Registered Office : |
B-1, Vasupujya Chamber, Near Navdeep Building, Income Tax Cross Road,
Ahmedabad - 380009, Gujarat, India |
|
Tel. No.: |
91-79-27540630 |
|
Mobile No.: |
91-9727762427 [Mr. Nikhil Bhatt] 91-9879107881/ 84 (Mr. Jagdishbhai) |
|
Fax No.: |
91-79-27540620 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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|
|
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Factory: |
Survey
No.226/227, Dantali Industrial Estate, Gota-Vadsar Road, Dantali, At Dantali, Taluka Kalol, District Gandhinagar, Ahmedabad -
382721, Gujarat, India |
|
Tel. No.: |
91-79-65426394/ 95/ 25851816/ 25858755/ 65426416/ 25862526/ 25861226 |
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Fax No.: |
91-79-27540620/ 25851816/ 25858755 |
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Area : |
125000 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Chandrakant Popatbhai Patel |
|
Designation : |
Director |
|
Address : |
23, Apurva Bunglowl, Near Memnagar, Saheli Party Plot, |
|
Date of Birth/Age : |
01.06.1968 |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
02441116 |
|
|
|
|
Name : |
Mr. Rajendrabhai Popatbhai Patel |
|
Designation : |
Director |
|
Address : |
22-A, Sarvoday Swatantra, Ghatlodia, Ahmedabad-380061, Gujarat, India |
|
Date of Birth/Age : |
01.06.1970 |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
02441138 |
|
|
|
|
Name : |
Mr. Vipul Ishwarbhai Patel |
|
Designation : |
Director |
|
Address : |
43, Apurva Bunglow, Near Memnagar Sahali Party Plot, |
|
Date of Birth/Age : |
01.06.1975 |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
02473121 |
KEY EXECUTIVES
|
Name : |
Mr. Nikhil Bhatt |
|
Designation : |
Sales and Marketing – Head |
|
|
|
|
Name : |
Mr. Jagdishbhai |
|
Designation : |
Purchase Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Chandrakant Popatbhai Patel |
454003 |
31.55 |
|
Rajendrabhai Popatbhai Patel |
461660 |
32.08 |
|
Vipul Ishwarbhai Patel |
456670 |
31.74 |
|
Popatbhai Laljibhai Patel |
32167 |
2.24 |
|
Gauriben Popatbhai Patel |
10000 |
0.69 |
|
Ishwarbhai Laljibhai Patel |
12000 |
0.83 |
|
Kantaben Ishwarbhai Patel |
10000 |
0.69 |
|
Manishaben Bhailal Patel |
2500 |
0.17 |
|
Total |
1439000 |
100.00 |
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 |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the manufacturing and exporting of Cold Rooms, Freezer and Refrigeration System etc. (Registered Activity and also Confirmed by management) |
|
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|
Products : |
· Cold Room / Storage · Chilling Plants / Chillers · Commercial Refrigeration · Ice Cream Machinery |
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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 : |
· Nepal · United States of America · Uganda |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· China · United States of America |
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Terms : |
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Selling : |
L/C, Cheque, Credit (30/ 60 Days) |
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Purchasing : |
L/C, Cheque, Credit (30/ 60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Patel and Jesalpura Chartered Accountants |
|
Address : |
803/804, Samudra Annexe, Near Klassic Gold Hotel, Off C. G. Road,
Navrangpura, Ahmedabad – 380006, Gujarat, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAFFP1700R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,439,000 |
Equity Shares |
Rs. 10/- each |
Rs. 14,390
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
14.390 |
14.390 |
12.670 |
|
(b) Reserves & Surplus |
65.220 |
54.483 |
34.409 |
|
(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) |
79.610 |
68.873 |
47.079 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
57.104 |
43.936 |
29.994 |
|
(b) Deferred tax liabilities (Net) |
0.756 |
0.902 |
0.608 |
|
(c)
Other long term liabilities |
1.523 |
6.247 |
0.421 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
59.383 |
51.085 |
31.023 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
62.796 |
57.841 |
42.674 |
|
(b)
Trade payables |
87.797 |
73.117 |
65.575 |
|
(c)
Other current liabilities |
41.912 |
32.021 |
22.404 |
|
(d)
Short-term provisions |
1.919 |
0.000 |
0.674 |
|
Total
Current Liabilities (4) |
194.424 |
162.979 |
131.327 |
|
|
|
|
|
|
TOTAL |
333.417 |
282.937 |
209.429 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
88.718 |
78.058 |
59.063 |
|
(ii)
Intangible Assets |
0.317 |
0.891 |
0.865 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.934 |
0.891 |
0.396 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
89.969 |
79.840 |
60.324 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
93.346 |
87.855 |
62.948 |
|
(c)
Trade receivables |
84.225 |
82.220 |
56.201 |
|
(d)
Cash and cash equivalents |
49.943 |
21.881 |
22.798 |
|
(e)
Short-term loans and advances |
15.731 |
10.959 |
7.008 |
|
(f)
Other current assets |
0.203 |
0.182 |
0.150 |
|
Total
Current Assets |
243.448 |
203.097 |
149.105 |
|
|
|
|
|
|
TOTAL |
333.417 |
282.937 |
209.429 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
504.729 |
391.720 |
404.304 |
|
|
|
Other Income |
1.455 |
0.873 |
0.522 |
|
|
|
TOTAL (A) |
506.184 |
392.593 |
404.826 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
355.112 |
279.622 |
302.848 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
1.483 |
(10.419) |
(4.753) |
|
|
|
Other manufacturing Expenses |
24.269 |
21.048 |
19.516 |
|
|
|
Employees benefits expense |
34.742 |
29.151 |
25.520 |
|
|
|
Other expenses |
47.413 |
39.940 |
32.201 |
|
|
|
TOTAL (B) |
463.019 |
359.342 |
375.332 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
43.165 |
33.251 |
29.494 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.873 |
11.789 |
8.605 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
30.292 |
21.462 |
20.889 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.911 |
8.323 |
7.013 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
16.381 |
13.139 |
13.876 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.644 |
4.245 |
4.718 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
10.737 |
8.894 |
9.158 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
9.497 |
2.976 |
4.592 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.46 |
6.85 |
7.23 |
|
Expected Sales (2015-2016): Rs. 600.000 Million
The above information has been parted by Mr. Nikhil Bhatt (Sales and
Marketing – Head).
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
11.209 |
6.685 |
7.513 |
|
cash flows from operating Activities |
49.929 |
(0.048) |
NA |
|
Net cash flows from operating Activities |
46.314 |
(4.145) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.13 |
2.27 |
2.27 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.55 |
8.49 |
7.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.91 |
4.64 |
6.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.19 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.65 |
1.57 |
1.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.25 |
1.14 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
12.670 |
14.390 |
14.390 |
|
Reserves & Surplus |
34.409 |
54.483 |
65.220 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
47.079 |
68.873 |
79.610 |
|
|
|
|
|
|
long-term borrowings |
29.994 |
43.936 |
57.104 |
|
Short term borrowings |
42.674 |
57.841 |
62.796 |
|
Current maturities of
long-term debts |
7.513 |
6.685 |
11.209 |
|
Total
borrowings |
80.181 |
108.462 |
131.109 |
|
Debt/Equity
ratio |
1.703 |
1.575 |
1.647 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
404.304 |
391.720 |
504.729 |
|
|
|
(3.113) |
28.849 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
404.304 |
391.720 |
504.729 |
|
Profit |
9.158 |
8.894 |
10.737 |
|
|
2.27% |
2.27% |
2.13% |
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 |
No |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 11/13 and
11/14, Subhash Industrial Estate, Near AMC Pumping Station, Ramol Road,
Amraiwadi, Ahmedabad – 380026, Gujarat, India to the present address w.e.f.
25.11.2010.
CORPORATE
INFORMATION
The company is a private company domiciled in India and incorporated
under the provisions of companies Act, 1956. The company is engaged in the
manufacturing of Cold Rooms, Freezer and Refrigeration System etc.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10166473 |
20/01/2014
* |
137,320,000.00 |
CANARA
BANK |
SHARADA
SOCIETY BRANCH, PALDI, AHMEDABAD - 380009, GUJARAT, INDIA |
B94883212 |
|
2 |
10166374 |
20/01/2014
* |
137,320,000.00 |
CANARA
BANK |
SHARDA
SOCIETY BRANCH, PALDI, AHMEDABAD - 380009, GUJARAT, INDIA |
B94882859 |
* Date of charge modification
FIXED ASSETS
· Freehold Land
· Factory Building
· Office Building
· Computer
· Machineries
· Electric Installation
· Office Equipment’s
· Vehicles
·
Furniture
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 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.66.29 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.