MIRA
INFORM REPORT
|
Report No. : |
307840 |
|
Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRANSWORLD FURTICHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No. 1801, The Affaires, Plot No. 9, Sector 17, Sanpada, Navi Mumbai
– 400705, |
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|
Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
27.09.2004 |
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Com. Reg. No.: |
11-148832 |
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Capital
Investment / Paid-up Capital : |
Rs. 65.616 Millions |
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CIN No.: [Company Identification
No.] |
U51497MH2004PTC148832 |
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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
: |
Manufacturers, Import, Export and resale of fertilizers,
chemicals and Agrochem. |
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|
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 |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Management of the company has not filed its financials with the
government department after the year 2012. Mr. Suresh Accounts Head denied to part any information about the
company. As per the available financial of 2012, general financial position of
the company seems to be fair. As per registrar of companies the status of the company is shown as
active. Payment terms are unknown. 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
CRISIL |
|
Rating |
Term Loan: BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
30.10.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Letter of credit : A4+ |
|
Rating Explanation |
Minima degree of safety it carry very credit risk. |
|
Date |
30.10.2013 |
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 BY
|
Name : |
Mr. Suresh |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-22-27813100 |
|
Date : |
11.02.2015 |
LOCATIONS
|
Registered Office : |
Office No. 1801, The Affaires, Plot No. 9, Sector 17, Sanpada, Navi
Mumbai – 400705, Maharashtra, India |
|
Tel. No.: |
91-22-27813100 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Dilip Kumar Sundarlal Gadia |
|
Designation : |
Director |
|
Address : |
236, Ashok Nagar Road, No. 16, Udaipur – 313703, Rajasthan, India |
|
Date of Birth/Age : |
08.04.1956 |
|
Date of Appointment : |
01.12.2005 |
|
DIN No.: |
00484431 |
|
|
|
|
Name : |
Mr. Ajit Singh Rathore |
|
Designation : |
Director |
|
Address : |
F/202, Bhawani Appartment, New Sama Road, Vadodara – 390008, Gujarat,
India |
|
Date of Appointment : |
20.11.2006 |
|
DIN No.: |
01084114 |
|
|
|
|
Name : |
Mr. Vasant Bhivasan Gandhalikar |
|
Designation : |
Additional director |
|
Address : |
JN4/5/16, Sector – 10, Vashi, Navi Mumbai, Thane, Navi Mumbai –
400703, Maharshtra, India |
|
Date of Birth/Age : |
10.06.1950 |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
05224618 |
KEY EXECUTIVES
|
Name : |
Mr. Suresh |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dilip Kumar Sundarlal Gadia |
|
5000 |
|
Ajit Singh Rathore |
|
5000 |
|
Blue Deebaj Chemicals LLC, UAE |
|
3200483 |
|
Nasreeny Dhanani |
|
430722 |
|
Sana Y Dhanani |
|
626204 |
|
Abdul Gani Sarfaraz Yusuf Dhanani |
|
120481 |
|
Sana Hospitality Services Private Limited, India |
|
2075000 |
|
Abhijeet Tanna |
|
98750 |
|
Total |
|
6561640 |
As on 31.03.2013
|
Names of Allotttees |
|
No. of Shares |
|
Blue Deebaj Chemicals LLC, UAE |
|
641169 |
|
Nasreeny Dhanani |
|
198718 |
|
Sana Y Dhanani |
|
179487 |
|
Abdul Gani Sarfaraz Yusuf Dhanani |
|
153846 |
|
Sana Hospitality Services Private Limited, India |
|
125641 |
|
Total |
|
1298861 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
48.78 |
|
Bodies corporate |
31.62 |
|
Directors or relatives of Directors |
19.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, Import, Export and resale of fertilizers,
chemicals and Agrochem. |
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Products: |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS 31.03.2012
|
Particulars |
Installed Capacity |
Production |
|
NPK Granulated Fertilizer |
150000.000 |
66719.450 |
|
Sulphuric Acid |
75900.000 |
17067.547 |
|
Oleum |
14850.000 |
380.455 |
|
Potassium Sulphate (SOP) |
49500.000 |
12193.980 |
|
Hydrochloric Acid |
63855.000 |
14301.542 |
# Licensed capacity is not applicable in view of company?s product has been de-licensed as per new liberalized licensing policy announced by Govt. of India. However capacity has been registered with District Industries Centre as Small and Medium Enterprises.
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 : |
State Bank of India, Commercial Branch, Ngn Vaidya Marg,
Near Horniman Circle,, Mumbai - 400001, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Sundaram seshan and Associates Chartered Accountants |
|
Address : |
305,Vardhaman, Chambers, Sector-17, Vashi, Mumbai, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABPFS0747L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associate
Companies: |
· Blue Deebaj Chemicals LLC · Blue Deebaj FZCO · Sana Hospitality Services Private Limited, India [U55101MH2007PTC173892] · Trans Agro India Private Limited · Neon Engineering and Mineral Company |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7860501 |
Equity Shares |
Rs.10/- each |
Rs. 78.605
Millions |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6561640 |
Equity Shares |
Rs.10/- each |
Rs. 65.616
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
65.616 |
53.717 |
|
(b) Reserves & Surplus |
|
1003.983 |
753.413 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1069.599 |
807.130 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
149.400 |
216.854 |
|
(b) Deferred tax liabilities
(Net) |
|
7.391 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
156.791 |
216.854 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
363.962 |
306.971 |
|
(b) Trade payables |
|
1479.386 |
287.496 |
|
(c) Other current liabilities |
|
125.566 |
214.228 |
|
(d) Short-term provisions |
|
34.293 |
17.632 |
|
Total
Current Liabilities (4) |
|
2003.207 |
826.327 |
|
|
|
|
|
|
TOTAL |
|
3229.597 |
1850.311 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
823.128 |
791.934 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
61.316 |
41.479 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
57.399 |
57.399 |
|
(c) Deferred tax assets (net) |
|
0.000 |
13.263 |
|
(d) Long-term Loan and Advances |
|
51.621 |
45.464 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
993.464 |
949.539 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
979.959 |
519.084 |
|
(c) Trade receivables |
|
1064.162 |
189.013 |
|
(d) Cash and cash equivalents |
|
81.483 |
140.235 |
|
(e) Short-term loans and
advances |
|
97.652 |
49.096 |
|
(f) Other current assets |
|
12.877 |
3.344 |
|
Total
Current Assets |
|
2236.133 |
900.772 |
|
|
|
|
|
|
TOTAL |
|
3229.597 |
1850.311 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
53.717 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
774.802 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
828.519 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
658.934 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
658.934 |
|
|
DEFERRED TAX LIABILITIES |
|
|
5.591 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1493.044 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
179.772 |
|
|
Capital work-in-progress |
|
|
471.466 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
57.399 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
716.599
|
|
|
Sundry Debtors |
|
|
300.196
|
|
|
Cash & Bank Balances |
|
|
163.609
|
|
|
Other Current Assets |
|
|
5.120
|
|
|
Loans & Advances |
|
|
100.934
|
|
Total
Current Assets |
|
|
1286.458
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
492.067
|
|
|
Other Current Liabilities |
|
|
9.903
|
|
|
Provisions |
|
|
0.267
|
|
Total
Current Liabilities |
|
|
502.237
|
|
|
Net Current Assets |
|
|
784.221
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.186 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
149.044 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SALES |
|
|
|
|
|
Income |
2292.666 |
1351.910 |
1909.406 |
|
|
Other Income |
11.587 |
40.325 |
13.158 |
|
|
TOTAL
|
2304.254 |
1392.235 |
1922.564 |
|
|
|
|
|
|
|
|
EXPENSES |
2130.336 |
1295.765 |
1724.168 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
173.918 |
96.470 |
198.396 |
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
48.416 |
(61.824) |
11.608 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
125.502 |
158.294 |
186.788 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
39.906 |
(28.463) |
10.133 |
|
|
|
|
|
|
|
|
PROFIT BEFORE EXCEPTION ITEMS AND TAX |
85.596 |
186.575 |
176.655 |
|
|
|
|
|
|
|
|
EXCEPTIONAL ITEM |
0.000 |
(46.425) |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
85.596 |
(40.242) |
176.655 |
|
|
|
|
|
|
|
|
TAX |
20.654 |
(18.853) |
5.449 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
64.942 |
(21.389) |
171.206 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
699.796 |
721.186 |
549.980 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
764.738 |
699.797 |
721.186 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1768.441 |
611.170 |
1681.968 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1677.069 |
238.851 |
1078.245 |
|
|
Traded Goods |
276.040 |
487.496 |
485.411 |
|
|
TOTAL IMPORTS |
1953.109 |
726.347 |
1563.656 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
9.90 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.83 |
(1.58) |
8.97 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.59 |
7.14 |
10.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.75 |
(2.32) |
12.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
(0.05) |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.48 |
0.65 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.09 |
2.56 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
53.717 |
65.616 |
|
Reserves & Surplus |
753.413 |
1003.983 |
|
Net
worth |
807.130 |
1069.599 |
|
|
|
|
|
long-term borrowings |
216.854 |
149.400 |
|
Short term borrowings |
306.971 |
363.962 |
|
Total
borrowings |
523.825 |
513.362 |
|
Debt/Equity
ratio |
0.649 |
0.480 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1909.406 |
1351.910 |
2292.666 |
|
|
|
(29.197) |
69.587 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1909.406 |
1351.910 |
2292.666 |
|
Profit |
171.206 |
-21.389 |
64.942 |
|
|
8.97% |
-1.58% |
2.83% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE: Registered office of the company has been shifted from The Great Eastern Galleria Premises Co-Operative Society Office, No.506-507, Plot No.20, Sector-4, Nerul, Navi Mumbai -400706, Maharashtra, India to the present address
OPERATIONS
The sales and net revenue increase to Rs.2304.254 Millions from Rs. 1392.234 Millions. The operating profit for the year under review increased to Rs.85.596 Millions as compared to Rs. 6.183 Millions in the previous year. The Profit after tax for the year under review for the year is Rs.64.553 Millions as compared to Rs. (21.389) Millions in the previous year. The profit of the company has been increases as the turnover of the company increased .The Roha Unit of the company couldn’t be fully operational due to start up teething problems of the plant. However the company will overcome from these problems and expected to perform well in the years to come.
Expansion, modernization and Diversification:
The company has set up a integrated manufacturing unit at Roha, in the state of Maharashtra for manufacturing of Sulphate of Potash which is first time in India with a view to cater the requirement of Domestic market .This is the import substitute product for India. The production and sale of the Kandla unit and Roha unit has been increased in the year after the modification. The company undertake revamping and modernization of Granulated Fertilizers at the Roha Unit. The Production from the said plant will be commence during the financial year 2012-13 .Company has also developed the new grade of NPK fertilizers to cater the requirement of overseas customer.
CORPORATE INFORMATION
Subject. is a private company incorporated under the provisions of Companies Act, 1956 on 27th September, 2004 having registered office in Navi Mumbai. The Company was incorporated with main object To carry on the business of Manufacturers, Import, Export and resale of fertilizers, chemicals and Agrochem.
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
0.038 |
0.000 |
|
Total |
0.038 |
0.000 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10536073 |
17/09/2014 |
1,150,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, NGN VAIDYA MARG, NEAR HORNIMAN |
C36654606 |
|
2 |
10524152 |
12/09/2014 |
1,150,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, NGN VAIDYA MARG, NEAR HORNIMAN |
C26168393 |
|
3 |
10519720 |
05/07/2014 |
1,150,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, NGN VAIDYA MARG, NEAR HORNIMAN |
C20272423 |
|
4 |
10493393 |
25/03/2014 |
500,000,000.00 |
IDBI BANK LIMITED |
PLOT NO. C-7, G BLOCK, BKC, OPP. TO NSE BLDG, BAN |
C04146759 |
|
5 |
10195615 |
31/03/2010 * |
1,150,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, NGN VAIDYA MARG,, NEAR HORNIMA |
A83639575 |
* Date of charge modification
)
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Other 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] 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 : |
PAT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
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 |
|
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.