MIRA
INFORM REPORT
|
Report No. : |
307580 |
|
Report Date : |
12.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SF DYES PRIVATE LIMITED |
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Formerly Known
As : |
SF DYES AND CHEMICALS PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
02.08.1979 |
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Com. Reg. No.: |
11-021522 |
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Capital
Investment / Paid-up Capital : |
Rs.0.960 Million |
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CIN No.: [Company Identification
No.] |
U24200MH1979PTC021522 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the manufacture of eco-friendly and solubilized sulphur dyes, pigments and auxiliaries and also engaged in the import and high-sea sales of textile chemicals. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established private limited liability company having
moderate track record. The company has reported low profitability for the current year. Long term debt funds seems to be increasing. However, trade relations seems to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.
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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 |
Long Term Rating = BB |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
September 2014 |
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Rating Agency Name |
ICRA |
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Rating |
Short Term Funds = A4 |
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Rating Explanation |
Minimal degree of safety and very high credit risk. |
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Date |
September 2014 |
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
31-03-2014.
INFORMATION DENIED
Management Non Co-Operative (Tel No.: 91-22-43518888)
LOCATIONS
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Registered Office : |
Hague Building, 9, Sportt Road, Ballard Estate, Mumbai – 400038, Maharashtra, India |
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Tel. No.: |
91-22-22658888 |
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Fax No.: |
91-22-22619099 |
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E-Mail : |
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Website : |
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Factory : |
1012, Barton Centre, 84 MG Road, Bangalore – 560001, Karnataka, India |
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Tel. No.: |
91-80-40061000 |
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Fax No.: |
91-80-25580424 |
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Overseas Office : |
1 North Bridge Road, 19-04, High Street Centre, Singapore - 179094 |
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Tel. No.: |
+65 3158 5100 |
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Fax No.: |
+65 3158 1445 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ravindra Surinder Arora |
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Designation : |
Director |
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Address : |
R/32 F. 3,W:P: 50 G, White House, Dr. Gopalrao Deshmukh Marg, Cumballa
Hill, Mumbai - 400026, Maharashtra, India |
|
Date of Appointment : |
01.06.1992 |
|
PAN No.: |
AAAPA6053B |
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DIN No.: |
00050687 |
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Name : |
Mr. Rakesh Sachdev Fakirchand |
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Designation : |
Director |
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Address : |
R/11 F. 3,W:P: 50 G, White House, Dr. Gopalrao Deshmukh Marg, Cumballa
Hill, Mumbai - 400026, Maharashtra, India |
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Date of Appointment : |
02.08.1979 |
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PAN No.: |
AACPS0433R |
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DIN No.: |
00195100 |
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Name : |
Mr. Rajesh Fakirchand Sachdev |
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Designation : |
Director |
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Address : |
R/31 F. 3,W:P: 50 G, White House, Dr. Gopalrao Deshmukh Marg, Cumballa
Hill, Mumbai - 400026, Maharashtra, India |
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Date of Appointment : |
01.06.1992 |
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PAN No.: |
AADPS2766G |
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DIN No.: |
00197299 |
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Name : |
Mr. Yogesh Fakirchand Sachdev |
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Designation : |
Director |
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Address : |
R/22 F. 3,W:P: 50 G, White House, Dr. Gopalrao Deshmukh Marg, Cumballa
Hill, Mumbai - 400026, Maharashtra, India |
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Date of Appointment : |
01.06.1992 |
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PAN No.: |
AACPS4464N |
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DIN No.: |
00197469 |
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Name : |
Mr. Aakash Rakesh Sachdev |
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Designation : |
Additional Director |
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Address : |
11, White House, 50 G, Pedder Road, Mumbai - 400026, Maharashtra,
India |
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Date of Appointment : |
06.11.2012 |
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PAN No.: |
ALTPS4464N |
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DIN No.: |
05292079 |
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Name : |
Mr. Fakirchand Fatehchand Sachdev |
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Designation : |
Director |
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Address : |
1, Floor-0, 50 G, White House, Dr. Gopalrao, Deshmukh Marg, Cumballa Hill,
Mumbai - 400026, Maharashtra, India |
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Date of Appointment : |
15.03.2014 |
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PAN No.: |
AACPS2121G |
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DIN No.: |
06879503 |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Fakirchand Fatehchand Sachdev |
|
50 |
|
Rakesh Sachdev Fakirchand |
|
21550 |
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Aakash Rakesh Sachdev |
|
9600 |
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Rajesh Fakirchand Sachdev |
|
18350 |
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Yohan Sachdev |
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3200 |
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Yogesh Fakirchand Sachdev |
|
18350 |
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Yogesh Fakirchand Sachdev HUF |
|
3200 |
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Surinder Arora |
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50 |
|
Surinder Arora HUF |
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50 |
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Ravindra Surinder Arora |
|
18350 |
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Krish Arora |
|
1600 |
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Ashan Arora |
|
1600 |
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Bhaskaroday F Sachdev HUF |
|
25 |
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Vaibhav F Sachdev HUF |
|
25 |
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Total |
|
96000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the manufacture of eco-friendly and solubilized sulphur dyes, pigments and auxiliaries and also engaged in the import and high-sea sales of textile chemicals. |
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Products : |
· Eco-Friendly and Solubilized Sulphur Dyes · Pigments and Auxiliaries · Textile Chemicals |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
·
Apex Dye Chem ·
Classic Chemicals ·
Dalal Associates ·
K C Sons ·
Persons Enterprises ·
R P Mehra and Sons ·
San Dyechem ·
Vishal Corporation ·
R Biotech ·
Swastic Chemicals |
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Customers : |
·
Aarvee Genims and Exports Limited ·
Arvind limited ·
Ashima limited ·
Athul Colours ·
Agni Biotech ·
Agni Orgaanics ·
Bhaskar Indutrsies Limited ·
Chemzone ·
Chitharahar Colours ·
K C Sons ·
Reliance Industries Limited |
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No. of Employees : |
Information denied by management |
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Bankers : |
The Zoroastrian Co-Operative Bank Limited, Mumbai Main Branch, Yusuf Building,
Ground Floor, V.N. Road, Fort, Mumbai – 400001, Maharashtra, India |
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Facilities : |
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Financial institution : |
Housing Development Finance Corporation Limited, Ramon House, 169,
Backbay Reclamation, H T Parekh Marg, Mumbai - 400020, Maharashtra, India |
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Auditors : |
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Name : |
Yusuf M. A. Vafrawalla Chartered Accountants |
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Address : |
Round Building No.7, 2nd Floor, Kalbadevi Road, Mumbai – 400002,
Maharashtra, India |
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PAN No.: |
AAAPV7566N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Wholly Owned Subsidiary : |
SF Globals Pte Limited |
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Companies in which directors are interested : |
· Avishkar Estate and Properties Private Limited · Bitrag Properties Private Limited · Dockside Properties Private Limited · Southclty Estate Private Limited · Rajkamal Estates And Properties Private Limited · Vista Services Private Limited · Garuda Colours Private Limited · Telesource Executive Search |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 Millions |
|
250000 |
18% Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
100000 |
Unclassified Shares |
Rs.10/- each |
Rs.1.000 Millions |
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Total |
|
Rs.5.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
96000 |
Equity Shares |
Rs.10/- each |
Rs.0.960 Million |
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 |
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(1)Shareholders' Funds |
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(a) Share Capital |
0.960 |
0.960 |
0.960 |
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(b) Reserves & Surplus |
75.657 |
71.311 |
65.624 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
76.617 |
72.271 |
66.584 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
189.336 |
130.540 |
102.286 |
|
(b) Deferred tax liabilities (Net) |
4.196 |
4.196 |
4.196 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
193.532 |
134.736 |
106.482 |
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(4) Current Liabilities |
|
|
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(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
14.294 |
17.680 |
7.218 |
|
(c) Other current
liabilities |
5.899 |
5.879 |
5.687 |
|
(d) Short-term provisions |
3.403 |
1.695 |
2.114 |
|
Total Current Liabilities (4) |
23.596 |
25.254 |
15.019 |
|
|
|
|
|
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TOTAL |
293.745 |
232.261 |
188.085 |
|
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II.
ASSETS |
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|
|
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(1) Non-current assets |
|
|
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(a) Fixed Assets |
|
|
|
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(i) Tangible assets |
42.155 |
42.632 |
49.290 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
1.881 |
1.881 |
1.101 |
|
(c) Deferred tax assets (net) |
3.678 |
3.206 |
2.605 |
|
(d) Long-term Loan and Advances |
98.264 |
19.889 |
15.735 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
145.978 |
67.608 |
68.731 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
76.720 |
61.242 |
60.339 |
|
(c) Trade receivables |
54.128 |
94.987 |
54.302 |
|
(d) Cash and cash
equivalents |
4.644 |
2.032 |
1.571 |
|
(e) Short-term loans and
advances |
12.275 |
6.392 |
3.142 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
147.767 |
164.653 |
119.354 |
|
|
|
|
|
|
TOTAL |
293.745 |
232.261 |
188.085 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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|
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||
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|
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Income |
352.384 |
377.783 |
186.711 |
|
|
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Other Income |
16.053 |
0.642 |
1.840 |
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|
|
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TOTAL (A) |
368.437 |
378.425 |
188.551 |
|
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|
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||
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Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
109.135 |
93.676 |
78.570 |
|
|
|
|
Purchase of Stock-in-trade |
139.215 |
174.367 |
0.000 |
|
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|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(8.634) |
(0.719) |
12.873 |
|
|
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|
Employee Benefits Expenses |
28.191 |
14.290 |
25.063 |
|
|
|
|
Other Expenses |
63.922 |
56.163 |
48.019 |
|
|
|
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TOTAL (B) |
331.829 |
337.777 |
164.525 |
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||
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
36.608 |
40.648 |
24.026 |
||
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|
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||
|
Less |
FINANCIAL
EXPENSES (D) |
23.461 |
25.286 |
12.571 |
||
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|
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||
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|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
13.147 |
15.362 |
11.455 |
||
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|
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||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
7.409 |
7.728 |
8.360 |
||
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|
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||
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|
PROFIT/(LOSS) BEFORE
TAX (E-F) (G) |
5.738 |
7.634 |
3.095 |
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||
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Less |
TAX (H) |
2.856 |
2.012 |
1.408 |
||
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|
|
|
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||
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|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
2.882 |
5.622 |
1.687 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
69.269 |
63.583 |
70.176 |
||
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|
|
|
|
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||
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Less |
INCOME TAX
REFUND |
0.400 |
0.000 |
0.000 |
||
|
|
|
|
|
|
||
|
Less |
DEFERRED TAX
ASSETS |
0.472 |
0.600 |
0.684 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Income tax for earlier year |
0.000 |
0.000 |
0.168 |
|
|
|
|
Excess amount provided in refundable
2007-08 |
0.000 |
0.000 |
0.151 |
|
|
|
|
Excess amount provided in refundable
2009-10 |
0.000 |
0.000 |
7.488 |
|
|
|
|
Interim divided |
0.000 |
0.000 |
1.157 |
|
|
|
|
Appeal fees AY 2010/11 |
0.000 |
0.001 |
0.000 |
|
|
|
|
Income tax demand part payment AY 2010/11 |
0.000 |
0.400 |
0.000 |
|
|
|
|
Short Provision of tax AY 2012-13 |
0.000 |
0.289 |
0.000 |
|
|
|
|
Reserves of TDS 31-03.2010 |
0.000 |
(0.154) |
0.000 |
|
|
|
|
Entry tax assessment demand 2006-07 |
0.018 |
0.000 |
0.000 |
|
|
|
|
Self-assessment tax for AY 2013-14 |
0.975 |
0.000 |
0.000 |
|
|
|
|
IT refund received for AY 2006-07 |
(1.703) |
0.000 |
0.000 |
|
|
|
|
Exceeds provision for tax earlier |
0.119 |
0.000 |
0.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
73.614 |
69.269 |
63.583 |
||
|
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|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
32.978 |
29.015 |
22.337 |
|
|
|
TOTAL EARNINGS |
32.978 |
29.015 |
22.337 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Finished Goods |
139.215 |
174.368 |
0.000 |
|
|
|
|
Raw Materials |
33.073 |
15.072 |
15.072 |
|
|
|
TOTAL IMPORTS |
172.288 |
189.440 |
15.072 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
30.02 |
NA |
NA |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.82 |
1.49 |
0.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
10.39 |
10.76 |
12.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.99 |
3.36 |
1.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.11 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.47 |
1.81 |
1.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.26 |
6.52 |
7.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs. In
Millions |
|
Share Capital |
0.960 |
0.960 |
0.960 |
|
Reserves & Surplus |
65.624 |
71.311 |
75.657 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
66.584 |
72.271 |
76.617 |
|
|
|
|
|
|
Long Term borrowings |
102.286 |
130.540 |
189.336 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
102.286 |
130.540 |
189.336 |
|
Debt/Equity
ratio |
1.536 |
1.806 |
2.471 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
186.711 |
377.783 |
352.384 |
|
|
|
102.336 |
(6.723) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In
Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
186.711 |
377.783 |
352.384 |
|
Profit |
1.687 |
5.622 |
2.882 |
|
|
0.90% |
1.49% |
0.82% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
From Director |
|
|
|
Rakesh Sachdev Fakirchand |
6.100 |
6.250 |
|
Rajesh Fakirchand Sachdev |
12.300 |
6.750 |
|
Ravindra Surinder Arora |
13.800 |
6.750 |
|
Yogesh Fakirchand Sachdev |
23.800 |
14.250 |
|
Aakash Rakesh Sachdev |
0.055 |
2.000 |
|
From Shareholder
|
|
|
|
Fakirchand Sachdev |
25.800 |
32.500 |
|
Yohan Sachdev |
4.500 |
4.500 |
|
Krish Arora |
2.500 |
2.000 |
|
Aditya Kiran |
3.000 |
0.250 |
|
Bhaskaroday F Sachdev |
7.000 |
0.000 |
|
Ishan Arora |
2.500 |
0.000 |
|
Vaibhav |
5.000 |
0.000 |
|
From Companies |
|
|
|
Telesource
Exective Search India Private Limited |
0.125 |
0.050 |
|
Vista Services
Private Limited |
0.000 |
7.400 |
|
Total |
106.480 |
82.700 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10540384 |
17/12/2014 |
142,500,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
C39099171 |
|
2 |
10107986 |
27/03/2008 |
21,000,000.00 |
Karnataka State Financial Corporation |
No.1/1, Thimmaiah Road, Bangalore, Karnataka - 560052, India |
A39788872 |
|
3 |
10078239 |
01/06/2007 |
8,500,000.00 |
Karnataka State Financial Corporation |
No.48, Church Street, Bangalore, Karnataka - 560041, India |
A16426900 |
|
4 |
10023077 |
11/10/2006 |
6,500,000.00 |
Housing Development Finance Corporation Limited |
Ramon House 169 Backbay Reclamation, H T Parekh marg, Mumbai, Maharashtra - 400020, India |
A05730817 |
|
5 |
90186863 |
23/07/2001 |
2,300,000.00 |
Karnataka State Financial Corporation |
Rurai Branach; Church St., Bangalore, Karnataka, India |
- |
|
6 |
90186650 |
27/02/1999 |
3,400,000.00 |
M/S Karnataka State Financial Corporation |
No. 1/1; Thimmaiah Road, Near Cantonment Railway Station, Bangalore, Karnataka, India |
- |
|
7 |
90184033 |
31/01/1996 |
563,000.00 |
M/S Karnataka Stat Efinancial Corpoartion |
No. 25; M.G Road, Bangalore, Karnataka - 560001, India |
- |
|
8 |
90184001 |
20/01/1995 |
1,700,000.00 |
M/S Karnataka Stat Efinancial Corpoartion |
No. 25; M.G Road, Bangalore, Karnataka - 560001, India |
- |
|
9 |
90183929 |
15/09/1989 |
6,000,000.00 |
M/S Karnataka Stat Efinancial Corpoartion |
No. 25; M.G Road, Bangalore, Karnataka - 560001, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report : No
press reports / filings exists on the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.96 |
|
|
1 |
Rs.94.41 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
34 |
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.