MIRA
INFORM REPORT
|
Report No. : |
303758 |
|
Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
MONARCH CATALYST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F 1/2 , MIDC, Phase 1,
Dombivli (East), District Thane - 421 203, |
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|
|
|
Country : |
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|
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Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
18.11.1983 |
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Com. Reg. No.: |
11-031365 |
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Capital
Investment / Paid-up Capital : |
Rs. 58.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1983PTC031365 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
pnem06999g |
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|
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PAN No.: [Permanent Account No.] |
AAACM5013G |
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|
Legal Form : |
Private Limited Liability Company
|
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|
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Line of Business
: |
manufacturer of Nickel Catalyst for oils and Oleo Chemicals |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1800000 |
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|
|
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. The rating reflects company healthy financial risk profile marked by healthy
net worth and decent profitability of the company. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. The company can be considered normal for business dealings at usual trade
terms and conditions. |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
Long term rating: A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
07.08.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
07.08.2014 |
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.
LOCATIONS
|
Registered Office : |
F 1/2 , MIDC, Phase 1,
Dombivli (East), District Thane - 421 203, Maharashtra, India |
|
Tel. No.: |
91-251-2471716/2431013/2435591 |
|
Fax No.: |
91-251-2470269 |
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E-Mail : |
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Website: |
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Branch Office 1: |
406/B, Karan Centre, S D Road, Secunderabad – 500003, Telangana, India
|
|
Tel. No.: |
91-40-27840119 |
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E-Mail : |
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Branch Office 2: |
408, Karan Centre, Sarojini Devi Road, Secunderabad –
500003, Telangana,
India |
|
Tel No.: |
91-40-27840119 |
|
Email: |
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Branch Office 3 : |
H/1, Neelam Apartments, B/H, Hirabaug, Ambawadi, Ahmedabad
– 380 006, Gujarat, India |
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|
|
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Overseas Office: |
Located at ·
Asia Pacific ·
Europe ·
North America ·
Mexico |
DIRECTORS
As on 15.09.2014
|
Name : |
Mr. Abhishek Dalmia |
|
Designation : |
Director |
|
Address : |
Radha Vihar, 35-B, Prithviraj Road, New Delhi – 110011, India |
|
Date of Birth/Age: |
06.05.1969 |
|
Date of Appointment : |
05.06.2006 |
|
DIN No.: |
00011958 |
|
Name : |
Mr. Hitesh Chimanlal Vadalia |
|
Designation : |
Managing Director |
|
Address : |
4, Mangal Murti, 3rd Floor, Zaver Road, Mulund (West),
Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age: |
23.05.1969 |
|
Qualification : |
B.Tech, M. S. |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00463471 |
|
Name : |
Mr. Krishnan Muthukumar |
|
Designation : |
Director |
|
Address : |
31/348, akshar Mahol, |
|
Date of Birth/Age: |
15.10.1975 |
|
Qualification : |
B.Com, PGDM |
|
Date of Appointment : |
01.01.1998 |
|
DIN No.: |
00463579 |
|
Name : |
Mr. Shivasubramanian Krishnan |
|
Designation : |
Director |
|
Address : |
4A, Akshay Anand, 7th Road, Sandu Wadi, Chembur, Mumbai - 400071,
Maharashtra, India |
|
Date of Birth/Age: |
03.10.1949 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
01.04.1995 |
|
DIN No.: |
00463757 |
|
Name : |
Mr. Satish Chandra Katyal |
|
Designation : |
Director |
|
Address : |
A 303-304, Golf Scappe, Sion Trombay Road, Chembur, Mumbai - 400071,
Maharashtra, India |
|
Date of Birth/Age: |
01.07.1942 |
|
Date of Appointment : |
05.06.2006 |
|
DIN No.: |
00614377 |
|
Name : |
Mr. Shantilal Harilal Vadalia |
|
Designation : |
Director |
|
Address : |
B-1, Flat No. 1001, Lok Everest, 10th Floor, Jathashankar
Dosa Marg, Mulund West, Mumbai – 400080, Maharashtra, India |
|
Date of Birth : |
20.07.1943 |
|
Qualification : |
M.Sc. Tech |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00614424 |
KEY EXECUTIVES
|
Name : |
Mr. Raghunath Subramanian |
|
Designation : |
Secretary |
|
Address : |
304, Gayatri, LT Road, Mulund East, Mumbai – 400081, Maharashtra,
India |
|
Date of Birth/Age: |
24.08.1966 |
|
Date of Appointment : |
22.07.2008 |
|
PAN No.: |
AAEPR3625A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vasantha Muthukumar |
|
6760 |
|
Krishnan M |
|
67100 |
|
Avalokiteshvar Valin |
|
75400 |
|
Renaissance Asset Management |
|
75400 |
|
Vadalia S REkha |
|
30040 |
|
Vadalia Shantilal |
|
70000 |
|
Krishnan Reshma |
|
10340 |
|
Muthukumar Vinod |
|
26200 |
|
Iyer P Shridhar |
|
14500 |
|
K Shivsubramanian |
|
60300 |
|
Shivsubramanian Gee |
|
20900 |
|
HUG H Shantilal |
|
10 |
|
Iyer Siddarth |
|
2417 |
|
Iyer Sundar |
|
12083 |
|
Muthukumar V Shneta |
|
8500 |
|
Vadilia H Rupal |
|
35700 |
|
Vadalia C Hitesh |
|
64350 |
|
Total |
|
580000 |
Equity Share Break up (Percentage of Total Equity)
As on 15.09.2014
|
Category |
Percentage |
|
Bodies corporate |
76.00 |
|
Directors or relatives of Directors |
24.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
manufacturer of Nickel Catalyst for oils and Oleo Chemicals |
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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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· Standard Chartered Bank, Crescenzo, 3a/F, Plot No. C-38 and 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai - 400051, Maharashtra, India · Indusind Bank Limited, Acme Plaza, CTS No. 32 Opposite Sangam Talkies, Andheri - Kurla Road, Andheri (East), Mumbai - 400059, Maharashtra, India ·
Barclays Bank Plc, 601/603, Ceejay House, Shiv
Sagar Estate, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra,
India |
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Facilities : |
-- |
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Banking Relations
: |
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Finance Institute: |
SBICAP Trustee Company Limited, 202,Maker Tower E, Cuffe
Parade, Colaba, Mumbai - 400005, Maharashtra, India |
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Auditors : |
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|
Name : |
Sheth Doshi and Associates Chartered Accountants |
|
Address : |
B-3, 601, Lok Everest, JSD Marg, Near Flyover, Mulund (West), Mumbia-400080, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABPD1714H |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
580000 |
Equity Shares |
Rs.100/- each |
Rs. 58.000
Millions |
|
|
|
|
|
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
58.000 |
58.000 |
58.000 |
|
(b) Reserves & Surplus |
592.364 |
430.576 |
327.741 |
|
(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) |
650.364 |
488.576 |
385.741 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
55.937 |
49.158 |
42.658 |
|
(c) Other long term
liabilities |
499.177 |
495.121 |
546.642 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
555.114 |
544.279 |
589.300 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
12.000 |
15.200 |
50.000 |
|
(b) Trade payables |
158.014 |
216.988 |
203.074 |
|
(c) Other current liabilities |
64.678 |
37.288 |
26.027 |
|
(d) Short-term provisions |
173.810 |
119.706 |
88.933 |
|
Total
Current Liabilities (4) |
408.502 |
389.182 |
368.034 |
|
|
|
|
|
|
TOTAL |
1613.980 |
1422.037 |
1343.075 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
718.646 |
656.847 |
528.019 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
39.332 |
8.264 |
60.285 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
757.978 |
665.111 |
588.304 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
15.861 |
25.857 |
55.172 |
|
(b) Inventories |
204.206 |
188.189 |
159.940 |
|
(c) Trade receivables |
338.621 |
305.576 |
286.640 |
|
(d) Cash and cash equivalents |
2.535 |
7.169 |
5.967 |
|
(e) Short-term loans and
advances |
294.779 |
230.135 |
247.052 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
856.002 |
756.926 |
754.771 |
|
|
|
|
|
|
TOTAL |
1613.980 |
1422.037 |
1343.075 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Sales ( Exclusive of excise
and Vat) |
1741.673 |
1599.173 |
1526.385 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
175.359 |
116.354 |
60.533 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Interim Dividend |
0.000 |
5.800 |
0.000 |
|
|
Proposed Dividend |
11.600 |
5.800 |
5.800 |
|
|
Corporate Dividend Tax |
1.971 |
1.927 |
0.941 |
|
|
Transfer to General Reserve |
13.152 |
8.727 |
0.000 |
|
|
Balance
Carried to the B/S ( |
148.636 |
94.100 |
53.792 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
302.34 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
10.07 |
7.28 |
3.97 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.02 |
0.03 |
0.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10 |
1.94 |
2.05 |
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 |
58.000 |
58.000 |
58.000 |
|
Reserves & Surplus |
327.741 |
430.576 |
592.364 |
|
Net
worth |
385.741 |
488.576 |
650.364 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
50.000 |
15.200 |
12.000 |
|
Total
borrowings |
50.000 |
15.200 |
12.000 |
|
Debt/Equity
ratio |
0.130 |
0.031 |
0.018 |
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 ( Exclusive of excise
and Vat) |
1526.385 |
1599.173 |
1741.673 |
|
|
|
4.769 |
8.911 |
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 ( Exclusive of excise
and Vat) |
1526.385 |
1599.173 |
1741.673 |
|
Profit |
60.533 |
116.354 |
175.359 |
|
|
3.97% |
7.28% |
10.07% |
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 |
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 |
No |
|
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 |
Yes |
|
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 A-94, MIDC, Phase I, Dombivli (East), Thane – 421 203,
PERFORMANCE REVIEW
Their Company achieved turnover of Rs.1740.000 Millions in the year against Rs.1600.000 Millions achieved in previous year. They achieved a Profit after tax of Rs.175.400 Millions as compared to the profit of Rs.116.400 Millions in Previous Year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Rupee term loans from others |
12.000 |
15.200 |
|
|
|
|
|
Total |
12.000 |
15.200 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10419864 |
01/08/2014 * |
698,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE,, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
C17467101 |
|
2 |
10424929 |
01/08/2014 * |
152,600,000.00 |
STANDARD CHARTERED BANK |
CRESCENZO, 3A/F,
PLOT NO. C-38 & C-39, G BLOCK, B |
C18938589 |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Furniture and fixtures
· Plant and equipment
· Vehicles
· Office equipment
· Other equipments
· 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.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.