MIRA INFORM REPORT
|
Report No. : |
355700 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
RONCH POLYMERS PRIVATE LIMITED |
|
|
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|
Registered
Office : |
Bussa Udyog Industrial Estate, Gala No.11 and 12, Ground Floor, T. J.
Road Sewri Naka, Sewri (West), Mumbai – 400015, Maharashtra |
|
Tel No.: |
91-22-24116247 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
07.12.1995 |
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|
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|
Com. Reg. No.: |
11-095063 |
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Capital
Investment / Paid-up Capital : |
Rs.93.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1995PTC095063 |
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|
|
|
IEC No.: |
0397015411 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AAACR4924P |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Manufacturing of Automobile / Other Injection Moulded Parts, Water Filter Device and Moulds. (From Indirect Sources) |
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No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1630000 |
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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 in the year 1995 and it is engaged in manufacturing injection molding machines. Its products include injection molding assemblies and sub-assemblies, gas assisted molding, vibration welding, ultrasonic welding, painting and plating and blow molding. Over the years the company has emerged as a preferred vendor to large Indian Corporates and multinationals such as Hindustan Unilever Limited (“Pure-it” water purifier systems), Tata Components Systems Limited, Tata Ficosa Automotive Systems Limited, Exide Industries Limited, etc. For the financial year ended 2014, company has reported 27.08% sales turnover growth as compared to previous year sales turnover and it has maintain satisfactory profitability margin at 6.13% during the year under review. Rating takes is into account of promoters long track record in plastics injection moulding business supported by its marketing tie-ups for supply of various plastic based products like domestic water purifying systems to Hindustan Unilever Limited and auto components to original equipment manufacturers. Rating also takes into consideration company’s established track record of business operations supported by its average financial base along with favorable gap between trade payables to its receivables and moderate debt coverage indicators. However, rating strength is partially offset by high revenue concentration on “Pure-it” water purifier systems sales to Hindustan Unilever Limited and economy segment purifier market is characterized by stiff competitive pressures from organized as well as unorganized players in the industry. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct. The company can be considered for business dealings at usual trade terms and condition. Note: Management of the company has not filed its financial with government department for the year 2015 and same are not available from any sources. |
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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term loans BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
April 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non fund based limits A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
April 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 DECLINED BY
|
Name : |
Mr. Raju |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-24116247 |
|
Date : |
18.12.2015 |
LOCATIONS
|
Registered / Head Office : |
Bussa Udyog Industrial Estate, Gala No.11 and 12, Ground Floor, T. J.
Road Sewri Naka, Sewri (West), Mumbai – 400015, Maharashtra, India |
|
Tel. No.: |
91-22-24116247 / 24106661 |
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Fax No.: |
91-22-24116247 |
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E-Mail : |
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Website : |
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Factory 1: |
Sr. No. 181/2, Panchal Udyog Nagar, Bhimpore, Daman (U.T.), Daman –
396210, India |
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Factory 2: |
Sr. No. 57/2, Dunetha, Bhenslore, Nani Daman – 396210, Union Territory of Daman, India |
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Factory 3: |
Sr. No. 255/1, Village Hinjewadi, Taluka- Mulshi, Pune- 411057,
Maharashtra, India |
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Factory 4: |
Sr. No. 246/2, Village Hinjewadi, Taluka- Mulshi, Pune- 411057,
Maharashtra, India |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Inderraj Vimalchand Borana |
|
Designation : |
Director |
|
Address : |
208/209, Jeevan Vihar, Co-operative Society, Manav Mandir Road,
Walkeshwar, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1967 |
|
Date of Appointment : |
07.12.1995 |
|
PAN No.: |
AEZPB4435R |
|
DIN No.: |
00399258 |
|
|
|
|
Name : |
Mr. Vimalchand Shivlal Borana |
|
Designation : |
Director |
|
Address : |
208/209, Jeevan Vihar Co-operative Society, Manav Mandir Road, Walkeshwar,
Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
09.07.1946 |
|
Date of Appointment : |
09.12.1995 |
|
PAN No.: |
AAJPB4328H |
|
DIN No.: |
00399339 |
|
|
|
|
Name : |
Mr. Champalal Kaluram Jain |
|
Designation : |
Director |
|
Address : |
Flat No.11, Hari Niwas Co-operative Housing Society, 303/304, L. B. S.
Marg, Kurla, Mumbai – 400070, Maharashtra, India |
|
Date of Birth/Age : |
10.01.1954 |
|
Date of Appointment : |
07.12.1995 |
|
PAN No.: |
AACPJ8363M |
|
DIN No.: |
00399461 |
|
|
|
|
Name : |
Mr. Arun Babulal Rathod |
|
Designation : |
Director |
|
Address : |
Flat No.74, Chitra Apartment, 7th Floor, Gokuldas, Pasta
Road, Dadar, Mumbai – 400014, Maharashtra, India |
|
Date of Birth/Age : |
16.09.1973 |
|
Date of Appointment : |
16.01.1998 |
|
PAN No.: |
AAAPJ8832F |
|
DIN No.: |
00399542 |
|
|
|
|
Name : |
Mr. Laxmichand Shivlal Borana |
|
Designation : |
Director |
|
Address : |
5/37, Jal Darshan, 51, Nepensea Road, Mumbai – 400036, Maharashtra,
India |
|
Date of Birth/Age : |
06.03.1957 |
|
Date of Appointment : |
26.06.2007 |
|
PAN No.: |
AAAPB9857A |
|
DIN No.: |
00720276 |
KEY EXECUTIVE
|
Name : |
Mr. Raju |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
As on 25.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
99.75 |
|
Other top fifty shareholders |
0.25 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing of Automobile / Other Injection Moulded Parts, Water Filter Device and Moulds. (From Indirect Sources) |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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 : |
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Facilities : |
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Auditors : |
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|
Name : |
Walter and Associates Chartered Accountants |
|
Address : |
B
6/7, Saroj Apartments, Opposite Holy Spirit Hospital, Mahakali Caves Road,
Andheri (East), Mumbai – 400093, Maharashtra, India |
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PAN
No. : |
AAAFA0445K |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates : |
v Chanvim Engg India Private Limited v Chandu Agency v Jashvil Engineering Private Limited v Ronch
Realty Private Limited |
|
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Subsidiary : |
v Tej Lighting Systems Private Limited |
CAPITAL STRUCTURE
As on 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Million |
|
1050000 |
Preference Shares |
Rs.100/- each |
Rs.105.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.125.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Million |
|
1030000 |
Preference Shares |
Rs.100/- each |
Rs.103.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.123.000
Million |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
950000 |
Equity Shares |
Rs.100/- each |
Rs.95.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
930000 |
Equity Shares |
Rs.100/- each |
Rs.93.000 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 |
93.000 |
93.000 |
58.000 |
|
(b) Reserves & Surplus |
448.301 |
383.315 |
326.133 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
29.405 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
570.706 |
476.315 |
384.133 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
363.977 |
252.568 |
345.491 |
|
(b) Deferred tax liabilities (Net) |
105.093 |
97.458 |
90.193 |
|
(c) Other long term
liabilities |
14.838 |
14.838 |
0.000 |
|
(d) long-term
provisions |
2.648 |
2.149 |
0.000 |
|
Total Non-current
Liabilities (3) |
486.556 |
367.013 |
435.684 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
306.918 |
188.993 |
244.131 |
|
(b) Trade
payables |
338.066 |
167.065 |
169.503 |
|
(c) Other
current liabilities |
94.882 |
114.329 |
30.748 |
|
(d) Short-term provisions |
6.507 |
3.467 |
3.958 |
|
Total Current
Liabilities (4) |
746.373 |
473.854 |
448.340 |
|
|
|
|
|
|
TOTAL |
1803.635 |
1317.182 |
1268.157 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
991.189 |
690.074 |
676.279 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
50.424 |
25.654 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.508 |
5.359 |
0.258 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
48.544 |
29.159 |
60.249 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1045.241 |
775.016 |
762.440 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
287.660 |
257.495 |
205.203 |
|
(c) Trade
receivables |
325.825 |
198.747 |
258.645 |
|
(d) Cash and
cash equivalents |
18.236 |
29.530 |
5.695 |
|
(e)
Short-term loans and advances |
125.369 |
50.834 |
33.029 |
|
(f) Other
current assets |
1.304 |
5.560 |
3.145 |
|
Total
Current Assets |
758.394 |
542.166 |
505.717 |
|
|
|
|
|
|
TOTAL |
1803.635 |
1317.182 |
1268.157 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
2435.288 |
1916.499 |
1500.326 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2222.130 |
1722.227 |
1344.895 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
213.158 |
194.272 |
155.431 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
50.705 |
59.328 |
72.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
162.453 |
134.944 |
118.789 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
43.911 |
39.776 |
36.642 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE EXTRA
ORDINARY ITEMS AND TAX |
118.542 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
EXTRA ORDINARY AND
EXCEPTIONAL ITEMS |
8.249 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
110.293 |
95.168 |
82.147 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
36.451 |
31.864 |
25.030 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
73.842 |
63.304 |
57.117 |
|
|
|
|
|
|
|
|
|
|
SHORT PROVISION OF
TAX FOR EARLIER YEARS |
0.000 |
0.021 |
(0.134) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
376.556 |
320.374 |
269.545 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend on Equity Shares |
1.000 |
1.000 |
1.000 |
|
|
|
Dividend on preference share |
6.570 |
4.285 |
3.420 |
|
|
|
Dividend Distribution Tax |
1.287 |
0.858 |
0.734 |
|
|
|
Transfer to general reserve |
1.000 |
1.000 |
1.000 |
|
|
BALANCE CARRIED
TO THE B/S |
440.541 |
376.556 |
320.374 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
79.40 |
68.07 |
-- |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
51.700 |
100.434 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
149.840 |
202.638 |
172.421 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.13 |
7.54 |
6.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.20 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.27 |
1.14 |
1.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.14 |
1.13 |
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 |
58.000 |
93.000 |
93.000 |
|
Reserves & Surplus |
326.133 |
383.315 |
448.301 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
29.405 |
|
Net
worth |
384.133 |
476.315 |
570.706 |
|
|
|
|
|
|
long-term borrowings |
345.491 |
252.568 |
363.977 |
|
Short term borrowings |
244.131 |
188.993 |
306.918 |
|
Current maturities of
long-term debts |
0.000 |
100.434 |
51.700 |
|
Total
borrowings |
589.622 |
541.995 |
722.595 |
|
Debt/Equity
ratio |
1.535 |
1.138 |
1.266 |
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) |
|
Total Income |
1500.326 |
1916.499 |
2435.288 |
|
|
|
27.739 |
27.070 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
1500.326 |
1916.499 |
2435.288 |
|
Profit |
57.117 |
63.304 |
73.842 |
|
|
3.81% |
3.30% |
3.03% |
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) |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Deposits from others |
37.759 |
12.018 |
|
Loans and advances from related parties |
44.485 |
78.476 |
|
|
|
|
|
Total |
82.244 |
90.494 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10350602 |
28/03/2012 * |
65,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION BRANCH, RAHEJA
CHAMBERS, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B37884350 |
|
2 |
90159237 |
12/03/2015 * |
856,900,000.00 |
State Bank of India |
BACKBAY RECLAMATION BRANCH, TULSIANI CHAMBERS,
FREE PRESS JOURNAL MARG, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
C49649858 |
|
3 |
90159188 |
07/11/2003 |
10,000,000.00 |
CITIBANK N.A. |
BANDRA KURLA COMPLEX, G BLOCK, MUMBAI,
Maharashtra - 400051, INDIA |
- |
|
4 |
90159050 |
29/05/2001 * |
27,500,000.00 |
CITIBANK N.A. |
BANDRA KURLA COMPLEX, G BLOCK, MUMBAI,
Maharashtra - 400051, INDIA |
- |
|
5 |
90160022 |
07/11/2003 * |
27,500,000.00 |
CITIBANK N.A. |
BANDRA KURLA COMPLEX, G-BLOCK, MUMBAI,
Maharashtra - 400051, INDIA |
- |
|
6 |
90159953 |
30/08/2000 |
650,000.00 |
INDUSTRIAL BANK LTD. |
425; INDUSIND HOUSE, D. B. MARG, MUMBAI,
Maharashtra - 400004, INDIA |
- |
* Date of charge modification
FIXED ASSETS
v Land
v Buildings
v Plant and Equipment
v Furniture and Fixtures
v Vehicles
v Office Equipment
v Computer Equipments
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 records 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.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
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 |
6 |
|
-- PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.