MIRA INFORM REPORT
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Report No. : |
330683 |
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Report Date : |
07.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
CINERAMA PRIVATE LIMITED |
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|
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Registered
Office : |
Unit No. 2, Ground and 1st Floor, Asuda Kutir 245, Water
Field Road, Bandra (West), Mumbai – 400050, Maharashtra |
|
Tel. No.: |
91-22-32545260 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
17.11.1954 |
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Com. Reg. No.: |
11-009418 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.300 Million |
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|
CIN No.: [Company Identification
No.] |
U33200MH1954PTC009418 |
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|
|
IEC No.: |
0788010085 |
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|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACC4467G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader, Dealer and Importer of Electronics Home Theater, Speakers etc. |
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No. of Employees
: |
Information declined by the 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 |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is established company and it is having satisfactory track record.
Company was incorporated on 17th November 1954. During FY 2014, the company have performed above average and reported
top line sale turnover of 5.99%. The company reported healthy profit margin
from its operations marked by its decent financials as well as zero debt
balance sheet. Rating further take in to accounts of company’s long established track
record of business and extensive experience of its promoters. Trade relation are fair. Business is active. Payment terms are reported
to be usually correct. In view of established track record, decent operations and financials
of business backed by its experience promoters, 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2013.
INFORMATION DENIED
Management Non-cooperative (91-80-23370515)
LOCATIONS
|
Registered Office : |
Unit No. 2, Ground and 1st Floor, Asuda Kutir 245, Water
Field Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
|
Tel. No.: |
91-22-32545260/80-23370515 |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
|
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Corporate / Head Office : |
16-A, Industrial Suburb, 2nd Stage, Yeshwantpur, Tumkur
Road, Bangalore-560022, |
|
Tel. No.: |
91-80-23370515/ 23370220 |
|
Fax No.: |
91-80-23370222 |
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Mail : |
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Showroom: |
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Tel No.: |
91-22-32545260 |
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Area : |
Rented |
DIRECTORS
As on 17.09.2014
|
Name : |
Mr. Sanjay Agarwal |
|
Designation : |
Director |
|
Address : |
No. 10, |
|
Date of Birth/Age : |
22.01.1958 |
|
Date of Appointment : |
16.08.1980 |
|
DIN No.: |
01011932 |
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|
|
|
Name : |
Mrs. Jaya Agarwal |
|
Designation : |
Director |
|
Address : |
No. 10, |
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Date of Birth/Age : |
17.11.1958 |
|
Date of Appointment : |
01.02.1984 |
|
DIN No.: |
01037428 |
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|
|
|
Name : |
Mr. Arjun Agarwal |
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Designation : |
Director |
|
Address : |
No. 10, |
|
Date of Birth/Age : |
29.12.1985 |
|
Date of Appointment : |
01.01.2014 |
|
DIN No.: |
06732643 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 17.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Agarwal |
|
1641 |
|
Jaya Agarwal |
|
720 |
|
Arjun Agarwal |
|
392 |
|
Avantika Agarwal |
|
242 |
|
Cine Fones ( |
|
05 |
|
Total |
|
3000 |
Equity Share Break up (Percentage of Total Equity)
As on 17.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.83 |
|
Other top fifty shareholders |
0.17 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Dealer and Importer of Electronics Home Theater, Speakers etc. |
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
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 : |
·
Royal Bank of |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Ishwar and Gopal Chartered Accountants |
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Address : |
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Tel. No.: |
91-80-26701
694/26700009 |
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Fax No.: |
91-80-26708317 |
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E-Mail : |
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PAN No.: |
AAAFI2475E |
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Memberships : |
-- |
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Collaborators : |
-- |
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Related Parties : |
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CAPITAL STRUCTURE
As on 17.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
3000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.300
Million |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
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I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.300 |
0.300 |
0.300 |
|
(b) Reserves & Surplus |
243.221 |
230.620 |
222.626 |
|
(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) |
243.521 |
230.920 |
222.926 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.830 |
2.830 |
2.830 |
|
(d) long-term provisions |
2.550 |
2.046 |
1.731 |
|
Total
Non-current Liabilities (3) |
5.380 |
4.876 |
4.561 |
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|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
1.798 |
1.643 |
4.368 |
|
(c) Other current liabilities |
24.132 |
18.032 |
16.982 |
|
(d) Short-term provisions |
5.488 |
8.945 |
7.127 |
|
Total
Current Liabilities (4) |
31.418 |
28.620 |
28.477 |
|
|
|
|
|
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TOTAL |
280.319 |
264.416 |
255.964 |
|
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
|
|
|
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(i) Tangible assets |
63.694 |
43.121 |
44.553 |
|
(ii) Intangible Assets |
0.056 |
0.067 |
0.085 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
101.174 |
109.128 |
86.921 |
|
(c) Deferred tax assets (net) |
1.024 |
0.849 |
0.474 |
|
(d) Long-term Loan and Advances |
8.627 |
16.401 |
6.924 |
|
(e) Other Non-current assets |
0.742 |
1.513 |
1.333 |
|
Total
Non-Current Assets |
175.317 |
171.079 |
140.290 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
12.281 |
40.494 |
|
(b) Inventories |
64.479 |
54.477 |
49.692 |
|
(c) Trade receivables |
7.862 |
5.999 |
8.446 |
|
(d) Cash and cash equivalents |
18.983 |
13.360 |
10.299 |
|
(e) Short-term loans and
advances |
10.879 |
6.547 |
6.476 |
|
(f) Other current assets |
2.799 |
0.673 |
0.267 |
|
Total
Current Assets |
105.002 |
93.337 |
115.674 |
|
|
|
|
|
|
TOTAL |
280.319 |
264.416 |
255.964 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
145.653 |
126.648 |
125.598 |
|
|
Repairs and Service |
3.132 |
2.224 |
2.921 |
|
|
Other Income |
12.796 |
11.222 |
16.854 |
|
|
TOTAL
(A) |
161.581 |
140.094 |
145.373 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
(B) |
136.619 |
116.543 |
122.860 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
24.962 |
23.551 |
22.513 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
2.340 |
2.345 |
2.409 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX AND EXCEPTIONAL ITEM |
22.622 |
23.551 |
22.513 |
|
|
|
|
|
|
|
|
Exceptional Item |
(0.868) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
23.489 |
21.206 |
20.104 |
|
|
|
|
|
|
|
Less |
TAX (H) |
5.624 |
4.437 |
6.911 |
|
|
|
|
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|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
17.865 |
16.769 |
13.193 |
|
|
|
|
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|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
166.936 |
160.642 |
155.822 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
2.000 |
1.700 |
1.400 |
|
|
Dividend |
4.500 |
7.500 |
6.000 |
|
|
Tax on Dividend |
0.765 |
1.275 |
0.973 |
|
|
Total
(M) |
7.265 |
10.475 |
8.373 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
177.536 |
166.936 |
160.642 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Material for trade |
28.308 |
25.787 |
35.227 |
|
|
TOTAL
IMPORTS |
28.308 |
25.787 |
35.227 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.184 |
0.380 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
12.27 |
13.24 |
10.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.19 |
13.73 |
11.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.09 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.34 |
3.26 |
4.06 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.300 |
0.300 |
0.300 |
|
Reserves & Surplus |
222.626 |
230.620 |
243.221 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
222.926 |
230.920 |
243.521 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
0.000 |
0.380 |
0.184 |
|
Total
borrowings |
0.000 |
0.380 |
0.184 |
|
Debt/Equity
ratio |
0.000 |
0.002 |
0.001 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
125.598 |
126.648 |
145.653 |
|
|
|
0.836 |
15.006 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
125.598 |
126.648 |
145.653 |
|
Profit |
13.193 |
16.769 |
17.865 |
|
|
10.50% |
13.24% |
12.27% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from Ground Floor, Amrit Chhaya Main Avenue, Santacruz (West), Mumbai – 400054, Maharashtra, India to the present address w.e.f. 28.09.2011
Operations:
During the year demand for Cinema Equipments and Home Cinema products
went up considerably, Efforts are being made to
promote sales with emphasis towards spreading into smaller rural areas. Bright
future is anticipated in Home Automation products and necessary steps are being
taken in this direction also.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90166095 |
18/10/1990 |
5,500,000.00 |
ANZ GRINDLAYS BANK |
MISSION ROAD, P.B. NO - 6747; BANGALORE, Karnataka - 560002, INDIA |
- |
|
2 |
90162165 |
31/05/1988 |
500,000.00 |
PUNJAB NATIONAL BANK |
416; LAMINGTON ROAD, SANDHRST ROAD, MUMBAI, Maharashtra - 400004, INDIA |
- |
|
3 |
90165632 |
04/08/1969 |
250,000.00 |
PUNJAB NATIONAL BANK |
416; LANGTON ROAD, MUMBAI, Maharashtra, INDIA |
- |
*Date of charge modification
FIXED ASSETS
- Land
· Building
· Plant and Machinery
· Furniture and Fixtures
· Vehicles
· Office Equipments
- Goodwill
- Software
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.63.58 |
|
|
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.70.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KSH |
|
|
|
|
Report Prepared
by : |
ART |
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 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.