MIRA INFORM REPORT
|
Report No. : |
307810 |
|
Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
MADURA INDUSTRIAL TEXTILES LIMITED |
|
|
|
|
Registered
Office : |
1, Janki Centre,
Off Veera
Desai Road, Andheri (West), Mumbai – 400 053, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.09.2010 |
|
|
|
|
Com. Reg. No.: |
11-207473 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.100.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120MH2010PLC207473 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM38978C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCM7939P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of treated
industrial fabrics for the tires, conveyor belts and mechanical rubber goods
industry. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. As per ROC the date
of balance sheet (i.e. financial filed) is shown as 31.03.2014 but the
documents related to financials for the year 2014 are not available from any
sources. As per available financial of 2013, the borrowings recorded by the company
are huge and increasing. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
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
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
31-03-2014.
INFORMATION DECLINED
Management non-cooperative
(Tel. No.: 91-22-26730890)
LOCATIONS
|
Registered Office/ Head Office : |
1, Janki Centre,
Off Veera
Desai Road, Andheri (West), Mumbai – 400 053, Maharashtra, India |
|
Tel. No.: |
91-22-26730890 (4 Lines)/ 32168400/ 32168401/ 32168402 |
|
Mobile No.: |
91-9820700070 (Mr. Gautam Kalra) |
|
Fax No.: |
91-22-26730889/ 66916245 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.60/1 and 60/2, Demni Village, Near UCPL, Dadra – 396 193, Dadra and Nagar Haveli, India |
|
Tel./ Fax No.: |
91-260-2669005/ 6 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Anil Radheshyam Kalra |
|
Designation : |
Whole-time director |
|
Address : |
12, Royal Accord, Lokhandwala Complex, Andheri (West), Mumbai – 400
053, Maharashtra, India |
|
Date of Birth/Age : |
30.09.1959 |
|
Date of Appointment : |
05.02.2011 |
|
PAN No.: |
AABPK9375R |
|
DIN No.: |
00119633 |
|
|
|
|
Name : |
Mr. Sanil Radheshyam Kalra |
|
Designation : |
Whole-time director |
|
Address : |
11, Royal Accord III, Lokhandwala Complex, Andheri (West),
Mumbai – 400 053, Maharashtra, India |
|
Date of Birth/Age : |
18.06.1962 |
|
Date of Appointment : |
05.02.2011 |
|
PAN No.: |
AACPK8369A |
|
DIN No.: |
00119674 |
|
|
|
|
Name : |
Mrs. Promilla Raman Kalra |
|
Designation : |
Whole-time director |
|
Address : |
22, Royal Accord III, Lokhandwala Complex, Andheri (West),
Mumbai – 400 053, Maharashtra, India |
|
Date of Birth/Age : |
03.06.1956 |
|
Date of Appointment : |
05.02.2011 |
|
PAN No.: |
AACPK8364P |
|
DIN No.: |
00119711 |
|
|
|
|
Name : |
Mr. Rishi Raman Kalra |
|
Designation : |
Managing Director |
|
Address : |
22, Royal Accord III, Lokhandwala Complex, Andheri (West), Mumbai –
400 053, Maharashtra, India |
|
Date of Birth/Age : |
14.06.1983 |
|
Date of Appointment : |
05.02.2011 |
|
PAN No.: |
AIWPK0548D |
|
DIN No.: |
00122132 |
|
|
|
|
Name : |
Mr. Vipan Ramnath Kalra |
|
Designation : |
Whole-time director |
|
Address : |
21, Royal Accord III, Lokhandwala Complex, Andheri (West),
Mumbai – 400 053, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1953 |
|
Date of Appointment : |
05.02.2011 |
|
PAN No.: |
AABPK9377P |
|
DIN No.: |
00122168 |
|
|
|
|
Name : |
Mr. Gautam Vipan Kalra |
|
Designation : |
Managing director |
|
Address : |
21, Royal Accord, III, Lokhandwala Andheri (West), Mumbai – 400 053,
Maharashtra, India |
|
Date of Birth/Age : |
09.07.1982 |
|
Date of Appointment : |
05.02.2011 |
|
PAN No.: |
ANBPK2995A |
|
DIN No.: |
03052859 |
|
|
|
|
Name : |
Mr. Varun Anil Kalra |
|
Designation : |
Whole-time director |
|
Address : |
12, Royal Accord III, Lokhandwala Complex, Andheri (West),
Mumbai – 400 053, Maharashtra, India |
|
Date of Birth/Age : |
04.01.1985 |
|
Date of Appointment : |
05.02.2011 |
|
PAN No.: |
AMHPK0056B |
|
DIN No.: |
03052960 |
|
|
|
|
Name : |
Mr. Jitesh Sanil Kalra |
|
Designation : |
Director |
|
Address : |
11, Royal Accord III, Lokhandwala Complex, Andheri (West), Mumbai
– 400 053, Maharashtra, India |
|
Date of Birth/Age : |
27.04.1989 |
|
Date of Appointment : |
19.12.2011 |
|
DIN No.: |
03421617 |
|
|
|
|
Name : |
Ms. Richa Vipan Kalra |
|
Designation : |
Director |
|
Address : |
21, Royal Accord III, Lokhandwala, Andheri (West), Mumbai –
400 053, Maharashtra, India |
|
Date of Birth/Age : |
24.10.1987 |
|
Date of Appointment : |
19.12.2011 |
|
DIN No.: |
03421618 |
|
|
|
|
Name : |
Mr. Raghav Raman Kalra |
|
Designation : |
Director |
|
Address : |
22, Royal Accord III, Lokhandwala Complex, Andheri (West),
Mumbai – 400 053, Maharashtra, India |
|
Date of Birth/Age : |
20.04.1989 |
|
Date of Appointment : |
19.12.2011 |
|
DIN No.: |
03421621 |
|
|
|
|
Name : |
Mr. Tarun Anil Kalra |
|
Designation : |
Additional Director |
|
Address : |
12, Royal Accord III, Lokhandwala Complex, Andheri (West),
Mumbai – 400 053, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1991 |
|
Date of Appointment : |
23.12.2013 |
|
DIN No.: |
06607384 |
|
|
|
|
Name : |
Mr. Sahil Sanil Kalra |
|
Designation : |
Director |
|
Address : |
11, Royal Accord III, Lokhandwala Complex, Andheri (West),
Mumbai – 400 053, Maharashtra, India |
|
Date of Birth/Age : |
25.01.1993 |
|
Date of Appointment : |
22.02.2014 |
|
DIN No.: |
06814372 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vipan Ramnath Kalra |
|
250000 |
|
Anil Radheshyam Kalra |
|
250000 |
|
Sanil Radheshyan Kalra |
|
1250000 |
|
Promilla Raman Kalra |
|
250000 |
|
Gautam Vipan Kalra |
|
1000000 |
|
Rishi Raman Kalra |
|
1000000 |
|
Varun Anil Kalra |
|
1000000 |
|
Sahil Sanil Kalra Sucheta Sanil Kalra |
|
625000 |
|
Anil Radheshyam Kalra Asha Anil Kalra |
|
500000 |
|
Tarun Anil Kalra Asha Anil Kalra |
|
750000 |
|
Jitesh Sanil Kalra Sucheta Sanil Kalra |
|
625000 |
|
Gautam Vipan Kalra Ashna Gautam Kalra |
|
250000 |
|
Promilla Raman Kalra Rishi Raman Kalra |
|
500000 |
|
Raghav Raman Kalra Promilla Raman Kalra |
|
750000 |
|
Vipan Ramnath Kalra Rachna Vipan Kalra |
|
1000000 |
|
Total
|
|
10000000 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of treated
industrial fabrics for the tires, conveyor belts and mechanical rubber goods
industry. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the Management. |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· The Saraswat Co-operative Bank Limited, SME Vile Parle Branch, Bholanath Co-Operative Housing Society, Subhash Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India · HDFC Bank Limited, Andheri (East), Mumbai, Maharashtra, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J & K Agarwal and Company Chartered Accountants |
|
Address : |
204, Camy House, 3, Dhus Wadi, Dr. C.H. Street, Mumbai – 400 002, Maharashtra, India |
|
PAN
No.: |
AAAFJ1781F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
100.000 |
100.000 |
50.000 |
|
(b) Reserves & Surplus |
336.302 |
249.406 |
92.397 |
|
(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) |
436.302 |
349.406 |
142.397 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
1095.517 |
660.019 |
45.462 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.013 |
0.013 |
0.013 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1095.530 |
660.032 |
45.475 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
886.280 |
768.012 |
653.742 |
|
(b) Trade
payables |
963.532 |
772.682 |
404.377 |
|
(c) Other
current liabilities |
16.373 |
16.873 |
0.000 |
|
(d) Short-term
provisions |
73.445 |
52.723 |
0.000 |
|
Total Current
Liabilities (4) |
1939.630 |
1610.290 |
1058.119 |
|
|
|
|
|
|
TOTAL |
3471.462 |
2619.728 |
1245.991 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible
assets |
401.169 |
392.998 |
234.886 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1734.735 |
1159.193 |
247.163 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.027 |
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
3.789 |
7.527 |
2.673 |
|
(d) Long-term Loan and Advances |
3.490 |
32.997 |
0.058 |
|
(e) Other
Non-current assets |
42.593 |
0.631 |
0.439 |
|
Total Non-Current
Assets |
2185.803 |
1593.371 |
485.244 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
304.322 |
197.306 |
144.804 |
|
(c) Trade
receivables |
482.397 |
425.362 |
489.641 |
|
(d) Cash and
cash equivalents |
102.480 |
63.445 |
53.122 |
|
(e)
Short-term loans and advances |
396.460 |
340.244 |
73.180 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1285.659 |
1026.357 |
760.747 |
|
|
|
|
|
|
TOTAL |
3471.462 |
2619.728 |
1245.991 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
2762.749 |
2442.101 |
1018.840 |
|
|
|
Other Income |
8.788 |
5.970 |
49.675 |
|
|
|
TOTAL (A) |
2771.537 |
2448.071 |
1068.515 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost
of materials consumed |
2179.069 |
1842.967 |
794.901 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and stock-in-trade |
(17.117) |
(67.462) |
(27.377) |
|
|
|
Employee
benefit expense |
63.310 |
52.398 |
20.881 |
|
|
|
Other
expenses |
255.283 |
257.494 |
97.274 |
|
|
|
TOTAL (B) |
2480.545 |
2085.397 |
885.679 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
290.992 |
362.674 |
182.836 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
136.128 |
110.274 |
41.612 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
154.864 |
252.400 |
141.224 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
42.595 |
46.731 |
21.688 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
112.269 |
205.669 |
119.536 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
24.788 |
46.336 |
27.139 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
87.481 |
159.333 |
92.397 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
249.410 |
92.400 |
0.000 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
0.500 |
2.000 |
0.000 |
|
|
|
Tax on Dividend |
0.090 |
0.320 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
336.360 |
249.410 |
92.400 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
8.75 |
15.93 |
18.48 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.17 |
6.52 |
9.07 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
10.53 |
14.85 |
17.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.48 |
14.15 |
12.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.59 |
0.84 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.54 |
4.09 |
4.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.66 |
0.64 |
0.72 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
50.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
92.397 |
249.406 |
336.302 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
142.397 |
349.406 |
436.302 |
|
|
|
|
|
|
Long Term borrowings |
45.462 |
660.019 |
1095.517 |
|
Short Term borrowings |
653.742 |
768.012 |
886.280 |
|
Total borrowings |
699.204 |
1428.031 |
1981.797 |
|
Debt/Equity ratio |
4.910 |
4.087 |
4.542 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
1,018.840 |
2,442.101 |
2,762.749 |
|
|
|
139.694 |
13.130 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations |
1,018.840 |
2,442.101 |
2,762.749 |
|
Profit |
92.397 |
159.333 |
87.481 |
|
|
9.07% |
6.52% |
3.17% |
LOCAL AGENCY FURTHER INFORMATION
NOTE: Current
Maturities of Long Term Debts is 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
about 2 years 7 months |
Yes |
|
12] |
Profitability for about 2
years 7 months |
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 |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
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 |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from director |
574.883 |
541.244 |
|
Loans and advances from others |
31.152 |
11.722 |
|
Total |
606.035 |
552.966 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10470338 |
01/01/2014 |
10,600,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B93534618 |
|
2 |
10451257 |
23/09/2013 |
35,600,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B85796753 |
|
3 |
10430103 |
22/05/2013 |
119,500,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B76675487 |
|
4 |
10422501 |
12/04/2013 |
60,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B73948614 |
|
5 |
10422503 |
06/04/2013 |
58,500,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B73948143 |
|
6 |
10401462 |
18/01/2013 |
69,300,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B67338442 |
|
7 |
10383485 |
18/09/2012 |
36,500,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B60903606 |
|
8 |
10443347 |
31/08/2012 |
37,500,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
VERSOVA : 7 SARKAR
CORNER, J.P ROAD, NEAR ANDHERI SPORTS COMPLEX, ANDHERI (WEST), MUMBAI,
MAHARASHTRA |
B77652790 |
|
9 |
10377601 |
31/08/2012 |
243,500,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B58487109 |
|
10 |
10355488 |
11/05/2012 |
53,500,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B39555842 |
|
11 |
10354758 |
05/05/2012 |
180,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B39319629 |
|
12 |
10353711 |
14/11/2013 * |
52,500,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
7, SARKAR CORNER, J.P
ROAD, NEAR ANDHERI SPORTS, COMPLEX, ANDHERI (WEST), MUMBAI, MAHARASHTRA
- 400005, INDIA |
B89987077 |
|
13 |
10353542 |
14/11/2013 * |
150,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
7, SARKAR CORNER, J.P ROAD,
NEAR ANDHERI SPORTS, COMPLEX, ANDHERI (WEST), MUMBAI, MAHARASHTRA -
400005, INDIA |
B89986392 |
|
14 |
10353531 |
14/08/2012 * |
400,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
7, SARKAR CORNER, J.P
ROAD, NEAR ANDHERI SPORTS, COMPLEX, ANDHERI (WEST), MUMBAI, MAHARASHTRA
- 400005, INDIA |
B57138430 |
|
15 |
10353707 |
27/04/2012 |
60,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
7, SARKAR CORNER, J.P
ROAD, NEAR ANDHERI SPORTS, COMPLEX, ANDHERI (WEST), MUMBAI, MAHARASHTRA
- 400005, INDIA |
B38929253 |
|
16 |
10346025 |
13/03/2012 |
144,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B36478022 |
|
17 |
10323514 |
28/05/2012 * |
61,800,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B40834616 |
|
18 |
10323511 |
28/05/2012 * |
27,500,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B40834541 |
|
19 |
10322078 |
28/05/2012 * |
146,300,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B40834673 |
|
20 |
10320117 |
28/05/2012 * |
239,900,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B40834715 |
|
21 |
10278863 |
31/03/2011 |
360,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B10176964 |
|
22 |
10274872 |
23/03/2011 * |
245,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA |
B10176535 |
|
23 |
10272944 |
11/02/2011 |
2,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
RASEC BORIVLI WEST
BRANCH, SHOBHANA APARTMENT, CHANDAVARKAR ROAD, BORIVLI (WEST), MUMBAI,
MAHARASHTRA |
B07204746 |
|
24 |
10244716 |
13/03/2014 * |
2,182,650,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA - 400057, INDIA |
C00284869 |
* Date of charge modification
FIXED ASSETS:
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· 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 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.62.14 |
|
|
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
-- PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
29 |
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.