MIRA INFORM REPORT
|
Report No. : |
304471 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHANKAR PACKAGINGS LIMITED |
|
|
|
|
Formerly Known
As : |
SHANKAR PACKAGINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
303, Turf Estate, Dr. E. Moses Road, Shakti Mills Lane, Mumbai –
400011, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.05.1985 |
|
|
|
|
Com. Reg. No.: |
11-036120 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.28.050
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202MH1985PLC036120 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDS01961B / MUMS40482B / MUMS40819C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS8076P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing
of FIBC Bags. |
|
|
|
|
No. of Employees
: |
Information declined by Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating reflect SPL’s established market position in the flexible intermediate
bulk carrier (FIBC) segment of the packaging industry supported by sound
financial base and fair profitability margins of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating=BBB+ (Suspended) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
13.08.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating=A2 (Suspended) |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
13.08.2014 |
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.
INFORMATION DENIED BY
|
Name : |
Mr. Santosh |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-24903228 |
|
|
|
|
Name : |
Mr. Avnish |
|
Designation : |
General Manager (Accounts) |
|
Contact No.: |
91-9601549790 |
|
Date : |
22.01.2015 |
LOCATIONS
|
Registered / Corporate Office: |
303, Turf Estate, Dr. E. Moses Road, Shakti Mills Lane, Mumbai – 400
011, Maharashtra, India |
|
Tel. No.: |
91-22-24903236/ 24903225/ 24903228 |
|
Mobile No.: |
91-9601549790 (Mr. Avnish) |
|
Fax No.: |
91-22-24903227 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory/ Sales Office : |
2-3-4-5-6, GIDC Estate, Vaghodia,
District: Vadodara – 391 760, Gujarat – India |
|
Tel. No.: |
91-2668-262334/ 262434 |
|
Fax No.: |
91-2668-262833 |
|
|
|
|
Branch Office : |
(Hyderabad -
Marketing) 508, Maheshwari Chambers, Somajiguda, Hyderabad – 500 082, Andhra
Pradesh, India |
|
Tel. No.: |
91-40-40038828 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Vikramshankar Govindshankar Pandya |
|
Designation : |
Managing Director |
|
Address : |
A/5, Garib CHSL, N.S. Road, No.5, JVPD, Juhu, Mumbai – 400 049,
Maharashtra, India |
|
Date of Birth/Age : |
16.04.1961 |
|
Qualification : |
MBA |
|
Date of Appointment : |
09.04.2013 |
|
PAN No.: |
AGJPP9410C |
|
DIN No.: |
01595269 |
|
|
|
|
Name : |
Mr. Gaj Singh Jodhpur |
|
Designation : |
Director |
|
Address : |
Umaid Bhavan Palace, Jodhpur – 342 006, Rajasthan, India |
|
Date of Birth/Age : |
13.01.1948 |
|
Qualification : |
MBA |
|
Date of Appointment : |
27.02.1988 |
|
DIN No.: |
00061278 |
|
|
|
|
Name : |
Mr. Govind Shankar Pandya |
|
Designation : |
Director |
|
Address : |
a-5, Garibdas CHSL, N.S. Road No5, J.V.P.D. Scheme, Mumbai – 400 049,
Maharashtra, India |
|
Date of Birth/Age : |
19.03.1930 |
|
Qualification : |
CA |
|
Date of Appointment : |
09.04.2008 |
|
DIN No.: |
00316822 |
|
PAN No.: |
AADPP9794R |
|
|
|
|
Name : |
Mr. Praveen Shankar Pratap Shankar Pandya |
|
Designation : |
Director |
|
Address : |
132/133, 13th Floor, D Building, Petit Hall 66, Nepean Sea Road, Mumbai
– 400 006, Maharashtra, India |
|
Date of Birth/Age : |
04.10.1950 |
|
Qualification : |
CA |
|
Date of Appointment : |
06.05.1985 |
|
DIN No.: |
00316843 |
|
|
|
|
Name : |
Mr. Anandshankar Revashankar Pandya |
|
Designation : |
Director |
|
Address : |
1402, Pleasant Palace, 16 N D Road, Mumbai – 400 006, Maharashtra,
India |
|
Date of Birth/Age : |
11.04.1923 |
|
Qualification : |
BA |
|
Date of Appointment : |
21.06.1986 |
|
DIN No.: |
01163634 |
|
PAN No.: |
AAFPP4024N |
|
|
|
|
Name : |
Mr. Akshayshankar Pratapshankar Pandya |
|
Designation : |
Director |
|
Address : |
112-A, Paradise Apartments, 44, Nepean Sea Road, Mumbai – 400 006,
Maharashtra, India |
|
Date of Birth/Age : |
02.06.1965 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
21.09.2010 |
|
DIN No.: |
01557239 |
|
|
|
|
Name : |
Mr. Rajeevshankar Anandshankar Pandya |
|
Designation : |
Additional Director |
|
Address : |
A-273-283, Kalpataru Horizon Tower, 28th Floor, S K Ahire Marg, Near Doordarshan, Worli, Mumbai – 400 018, Maharashtra, India |
|
Date of Birth/Age : |
02.11.1951 |
|
Date of Appointment : |
23.11.2013 |
|
DIN No.: |
01131603 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh |
|
Designation : |
Accounts Executive |
|
|
|
|
Name : |
Mr. Avnish |
|
Designation : |
General Manager (Accounts) |
|
|
|
|
Name : |
Mr. Pranab Lalit Mitra |
|
Designation : |
Secretary |
|
Address : |
302, Usha Sadan CHSL, Next To Bhavani Nagar, Marol Maroshi Road, Mumbai – 400059, Maharashtra, India |
|
Date of Birth/Age : |
24.05.1960 |
|
Date of Appointment : |
01.01.1986 |
|
PAN No.: |
AAFPM3756L |
MAJOR SHAREHOLDERS
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
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 |
13.00 |
|
Bodies corporate |
21.00 |
|
Directors or relatives of Directors |
66.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
of FIBC Bags. |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by Management. |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Rajendra and Company Chartered Accountants |
|
Address : |
1311, Dalamal Tower, 211, Nariman Point, Mumbai – 400 021,
Maharashtra, India |
|
PAN No.: |
AAAFR1878D |
|
|
|
|
Membership : |
-- |
|
|
|
|
Joint venture : |
Lift Pack DOO |
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Subsidiaries Company: |
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Others : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2804953 |
Equity Shares |
Rs.10/- each |
Rs.28.050 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 |
28.050 |
28.050 |
28.049 |
|
(b) Reserves & Surplus |
840.810 |
699.693 |
572.433 |
|
(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) |
868.860 |
727.743 |
600.482 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
439.957 |
205.224 |
168.067 |
|
(b) Deferred tax liabilities (Net) |
69.646 |
64.387 |
52.052 |
|
(c) Other long term
liabilities |
9.273 |
5.919 |
58.272 |
|
(d) long-term
provisions |
14.183 |
12.009 |
9.999 |
|
Total Non-current
Liabilities (3) |
533.059 |
287.539 |
288.390 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
532.323 |
461.139 |
397.307 |
|
(b) Trade
payables |
95.090 |
114.798 |
89.692 |
|
(c) Other
current liabilities |
195.334 |
131.041 |
117.284 |
|
(d) Short-term
provisions |
95.123 |
73.344 |
45.584 |
|
Total Current
Liabilities (4) |
917.870 |
780.322 |
649.867 |
|
|
|
|
|
|
TOTAL |
2319.789 |
1795.604 |
1538.739 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
878.042 |
836.884 |
822.116 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
73.985 |
11.662 |
0.014 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
18.015 |
18.015 |
4.250 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
31.882 |
66.495 |
28.255 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1001.924 |
933.056 |
854.635 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
84.252 |
24.838 |
20.837 |
|
(b)
Inventories |
308.488 |
257.816 |
230.384 |
|
(c) Trade
receivables |
344.001 |
294.587 |
176.189 |
|
(d) Cash
and cash equivalents |
368.244 |
95.551 |
52.471 |
|
(e)
Short-term loans and advances |
167.002 |
138.416 |
172.462 |
|
(f) Other
current assets |
45.878 |
51.340 |
31.761 |
|
Total Current
Assets |
1317.865 |
862.548 |
684.104 |
|
|
|
|
|
|
TOTAL |
2319.789 |
1795.604 |
1538.739 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
2512.601 |
2394.58 |
2044.261 |
|
|
|
Other Income |
8.992 |
9.874 |
6.461 |
|
|
|
TOTAL (A) |
2521.593 |
2404.454 |
2050.722 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1368.059 |
1260.311 |
1115.188 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and stock-in-trade |
(80.034) |
18.843 |
(33.271) |
|
|
|
Employee related expenses |
204.971 |
158.561 |
112.311 |
|
|
|
Other expenses |
675.583 |
639.054 |
582.615 |
|
|
|
TOTAL (B) |
2168.579 |
2076.769 |
1776.843 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
353.014 |
327.685 |
273.879 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
43.173 |
49.905 |
43.132 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
309.841 |
277.780 |
230.747 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
72.310 |
68.325 |
51.976 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
237.531 |
209.455 |
178.771 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
88.209 |
74.046 |
54.426 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
149.322 |
135.409 |
124.345 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY - F.O.B. |
2234.923 |
2091.550 |
1769.965 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
53.24 |
48.28 |
39.25 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
5.94 |
5.65 |
6.08 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
14.05 |
13.68 |
13.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.66 |
11.86 |
11.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.29 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.12 |
0.92 |
0.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44 |
1.11 |
1.05 |
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 |
28.049 |
28.050 |
28.050 |
|
Reserves & Surplus |
572.433 |
699.693 |
840.810 |
|
Net
worth |
600.482 |
727.743 |
868.860 |
|
|
|
|
|
|
long-term borrowings |
168.067 |
205.224 |
439.957 |
|
Short term borrowings |
397.307 |
461.139 |
532.323 |
|
Total
borrowings |
565.374 |
666.363 |
972.280 |
|
Debt/Equity
ratio |
0.942 |
0.916 |
1.119 |
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 |
2044.261 |
2394.580 |
2512.601 |
|
|
|
17.137 |
4.929 |
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
|
2044.261 |
2394.580 |
2512.601 |
|
Profit |
124.345 |
135.409 |
149.322 |
|
|
6.08% |
5.65% |
5.94% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
134.574 |
65.823 |
71.317 |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE: The Registered address of the company has been
shifted from A-4, Purshottam Buildings, Opera House, Mumbai, Maharashtra, India
to present address w.e.f. 13.04.2008
OPERATING RESULTS AND BUSINESS
The gross turnover of the company for the year increased to Rs. 2531.500 Millions which is a quantum jump of nearly 5% over the previous year. In tune with increased sales, the profit after tax of the company has gone up from Rs.135.400 Millions to Rs.149.300 Millions. The total capacity of the company as on date is 15470 MT per annum. The actual capacity utilization have been 14426 MT which reflects the capacity utilization of up to 93.25%. The business environment of the company continues to remain favorable barring developments in the global environment.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Deposits from
shareholders |
5.252 |
6.229 |
|
Intercorporate
deposits |
6.509 |
4.253 |
|
|
|
|
|
Total |
11.761 |
10.482 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10478991 |
31/12/2013 |
50,000,000.00 |
CITIBANK N. A. |
PELICAN, 2ND FLOOR, OPP RACE COURSE TOWERS,, GOTRI ROAD, VADODARA, BARODA, GUJARAT - 390007, INDIA |
B96955760 |
|
2 |
10478992 |
31/12/2013 |
300,000,000.00 |
CITIBANK N. A. |
PELICAN, 2ND FLOOR, OPP RACE COURSE TOWERS,, GOTRI ROAD, VADODARA, BARODA, GUJARAT - 390007, INDIA |
B96956149 |
|
3 |
10062886 |
09/01/2014 * |
1,473,000,000.00 |
STATE BANK OF INDIA |
MID
CORPORATE GROUP INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE COURSE CIRCLE,,
VADODARA, GUJARAT |
B94021383 |
|
4 |
90210878 |
08/08/1996 * |
50,013,000.00 |
STATE BANK OF INDIA |
COMERCIAL BRANCH, JUSTICE GN VAIDAY MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
5 |
90215987 |
15/12/1995 |
50,013,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
6 |
90212351 |
18/03/1993 |
4,348,000.00 |
STATE BANK OF INDIA |
COMERCIAL
BRANCH, JUSTICE GN VAIDAY MARG, MUMBAI, |
- |
|
7 |
90212300 |
30/11/2006 * |
300,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL
FIANANCE BRANCH, 'THE ARCADE',, 2ND FLOOR, WORLD TRADE CENTRE,CUFFE PARADE,,
MUMBAI, MAH |
- |
|
8 |
90236969 |
31/10/2005 * |
33,263,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
- |
|
9 |
90212136 |
24/12/1990 |
13,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, JUSTICE G.N. VAIDYA MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
10 |
90211883 |
13/02/1989 |
12,000,000.00 |
STATE BANK OF INDIA |
COMERCIAL
BRANCH, JUSTICE GN VAIDAY MARG, MUMBAI, |
- |
|
11 |
90211685 |
08/09/1987 |
8,900,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, JUSTICE G.N. VAIDYA MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
12 |
90211540 |
13/02/1989 * |
4,000,000.00 |
STATE BANK OF INDIA |
COMERCIAL BRANCH, JUSTICE GN VAIDAY MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
13 |
90214287 |
29/08/1986 |
4,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, JUSTICE G.N. VAIDYA MARG, MUMBAI, MAHARASHTRA - 400023, INDIA |
- |
|
14 |
90214266 |
29/03/1986 |
5,000,000.00 |
STATE BANK OF INDIA |
COMERCIAL
BRANCH, JUSTICE GN VAIDAY MARG, MUMBAI, |
- |
*Date of modification Charges
FIXED ASSETS:
·
Leasehold
Land
·
Buildings
·
Office
Equipments
·
Plant
and Machinery
·
Office
and Other Equipments
·
Vehicles
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.61.69 |
|
|
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
50 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.