MIRA INFORM REPORT
|
Report No. : |
332090 |
|
Report Date : |
14.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
S
P ULTRAFLEX SYSTEMS PRIVATE LIMITED (w.e.f. 21.02.2008) |
|
|
|
|
Formerly Known
As : |
S
P ULTRAFLEX SYSTEMS LIMITED |
|
|
|
|
Registered
Office : |
B-142, Solaris Commercials, Saki Vihar Road, Powai, Mumbai – 400 076,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.02.1995 |
|
|
|
|
Com. Reg. No.: |
11-085192 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.4.000 million |
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|
|
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CIN No.: [Company Identification
No.] |
U29195MH1995PTC085192 |
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|
|
|
IEC No.: |
0397049811 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACS9226R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the
business of manufacturing and exporting of high speed slitting rewinding
machines, print inspection rewinders and doctoring rewinding machines for the
converting and flexible packaging industry. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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 an
established company having satisfactory track record. It was incorporated on
1995, and it is engaged in the business of manufacturing and exporting of high
speed sitting machine, print inspection rewinders etc. Rating take into
account on company’s sound financial risk profile marked by healthy operating
profitability, comfortable debt protection metrics and sound liquidity
position of the company. Rating further
take consideration on company established track record and wide market
presences backed by its sound promoter’s experience. Trade relation
reported to be fair. Business is active. Payment terms are reported to be
usually correct. The company can be
considered normal for business dealing 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
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 PARTED BY
|
Name : |
Mr. Sanjit |
|
Designation : |
Finance Head |
|
Contact No.: |
91-22-28454410 |
|
Date : |
13.07.2015 |
LOCATIONS
|
Registered Office : |
B-142, Solaris Commercials, Saki Vihar Road, Powai, Mumbai – 400 076,
Maharashtra |
|
Tel. No. : |
Not Available |
|
Fax No. : |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Sales Operation Office/ Factory : |
Survey No.203, Unit No.1 and 2, Retibunder Road, Ghodbunder Village,
Post: Mira Road, District:
Thane – 401 104, Maharashtra, India |
|
Tel. No.: |
91-22-28454410/ 28457395/ 28457096 |
|
Fax No.: |
91-22-28455411 |
|
Location : |
Rented |
|
Locality : |
Industrial |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Hasvinder Urvindersingh Kohli |
|
Designation : |
Director |
|
Address : |
1902, Light Bridge, Gladys Alvares Road,
Hiranandani Meadows, Thane (West), Thane – 400 610, Maharashtra, India |
|
Date of Birth/Age : |
15.06.1971 |
|
Date of Appointment : |
02.02.1995 |
|
DIN No. : |
00146285 |
|
|
|
|
Name : |
Mr. Urvindersingh Santsingh Kohli |
|
Designation : |
Director |
|
Address : |
2502, Light Bridge, Gladys Alvares Road,
Hiranandani Meadows, Thane (West), Thane – 400 610, Maharashtra, India |
|
Date of Birth/Age : |
27.08.1941 |
|
Date of Appointment : |
02.02.1995 |
|
DIN No. : |
00146395 |
|
|
|
|
Name : |
Ms. Neeta Hasvinder Kohli |
|
Designation : |
Whole-time Director |
|
Address : |
1902, Light Bridge, Gladys Alvares Road,
Hiranandani Meadows, Thane (West), Thane – 400 610, Maharashtra, India |
|
Date of Birth/Age : |
22.12.1971 |
|
Date of Appointment : |
14.04.1997 |
|
DIN No. : |
00168937 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjit |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
holding |
|
Hasvinder Urvinder Kohli |
380000 |
95.00 |
|
Urvindersingh Santsingh Kohli |
20000 |
5.00 |
|
Total |
400000 |
100.00 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the
business of manufacturing and exporting of high speed slitting rewinding
machines, print inspection rewinders and doctoring rewinding machines for the
converting and flexible packaging industry. |
|
|
|
|
Products : |
|
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|
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|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
·
Datanumeric Internet Works ·
Jai Mata Di Crane Service ·
MMS and Company ·
Prabhat Stationery and Xerox Centre ·
Pritam Singh ·
Saple Associates ·
Shree Maruti Courier Services Private Limited ·
Soft People Computers Private Limited ·
Somani Mechanical Works ·
S.R. Kelekar ·
Unique Pest Solutions ·
Aman Engineering Work ·
Gurmeet Engineering Works ·
Sai Engineering Company ·
S.D. Polishing Works ·
Sonak Surface Technologies Private Limited |
||||||||||||||||||||||
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Customers : |
Wholesalers and Retailers
·
Dharampal Satyapal Limited ·
D L K Design Private Limited ·
GIs Film Industries Private Limited ·
Jhaver Flexo India Limited - Luhari ·
Jhaveri Flexo Limited ·
J R Roto Impression Private Limited ·
Kalpena Industries Limited ·
Modern Packaging Company ·
Mohan Mutha Polytech Private Limited ·
Nexgen Laminates (Private) Limited ·
Packaging and Plastic Industries Company ·
Parasram Puria Engineers ·
Positive Packaging Ind. Limited, Khopoli ·
Positive Packaging lndustries - Ambernath ·
Pradeep Polyflex Private Limited ·
Rajhans Enterprises ·
Rajko Traders ·
Rototon Poly Pack Private Limited |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
State Bank of India |
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Facilities : |
Notes: LONG TERM
BORROWINGS a) Corporate Term Loan
including current maturities is secured by Equitable Mortgage on Company's
land situated at Unit No.1 and 2, Survey No.13, Hissa No.1, Village
Kashimira, Bhayander (East), Taluka Vasai, District Thane b) Vehicle Loans
including current maturities is secured by hypothecation of vehicles against
which loans have been taken. Repayment Terms for Secured INR Loans Secured loans are
repayable in equal monthly installments over the term of 5 years |
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
MMS and Company Chartered Accountants |
|
Address : |
401, Omkar Prarthana, Next to HDIL Kaledonia, Swami Nityanand Marg, Andheri (East), Mumbai – 400 069, Maharashtra, India |
|
Tel. No. : |
91-22-26845575/ 76 |
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Fax No. : |
91-22-26845576 |
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E-Mail : |
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PAN
No.: |
ACPPS6567D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
4.000 |
4.000 |
4.000 |
|
(b) Reserves & Surplus |
21.745 |
13.748 |
8.139 |
|
(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) |
25.745 |
17.748 |
12.139 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
13.053 |
15.621 |
7.610 |
|
(b) Deferred tax liabilities (Net) |
0.357 |
0.482 |
0.640 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
1.135 |
0.754 |
0.552 |
|
Total Non-current
Liabilities (3) |
14.545 |
16.857 |
8.802 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
15.496 |
8.364 |
10.064 |
|
(b) Trade
payables |
11.471 |
18.336 |
21.198 |
|
(c) Other
current liabilities |
3.133 |
3.406 |
0.712 |
|
(d) Short-term
provisions |
0.542 |
0.783 |
0.493 |
|
Total Current
Liabilities (4) |
30.642 |
30.889 |
32.467 |
|
|
|
|
|
|
TOTAL |
70.932 |
65.494 |
53.408 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible
assets |
24.994 |
25.646 |
8.666 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.020 |
0.020 |
0.020 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.241 |
0.189 |
10.065 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
25.255 |
25.855 |
18.751 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
36.029 |
34.969 |
28.624 |
|
(c) Trade
receivables |
5.281 |
0.867 |
1.372 |
|
(d) Cash
and cash equivalents |
1.059 |
1.807 |
2.951 |
|
(e) Short-term
loans and advances |
3.308 |
1.996 |
1.710 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
45.677 |
39.639 |
34.657 |
|
|
|
|
|
|
TOTAL |
70.932 |
65.494 |
53.408 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
118.335 |
119.147 |
139.856 |
|
|
|
Other Income |
0.304 |
0.408 |
0.048 |
|
|
|
TOTAL |
118.639 |
119.555 |
139.904 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
110.290 |
132.258 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
105.208 |
110.290 |
132.258 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
13.431 |
9.265 |
7.646 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
1.098 |
1.038 |
0.878 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
12.333 |
8.226 |
6.798 |
|
|
|
|
|
|
|
|
|
|
TAX |
4.038 |
2.617 |
2.205 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
8.295 |
5.609 |
4.593 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
13.748 |
8.139 |
3.547 |
|
|
|
|
|
|
|
|
|
|
SHORT PROVISION FOR
TAXES W/OFF |
(0.299) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
21.745 |
13.748 |
8.139 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
34.548 |
30.303 |
45.772 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
20.74 |
14.02 |
NA |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
110.000 |
|
|
|
|
|
Expected Sales (2015-2016): Rs.150.000 million
The above information has been parted by Mr. Sanjit (Finance Head).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debts |
2.629 |
2.269 |
0.269 |
|
Cash generated
from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
7.01 |
4.71 |
3.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.39 |
12.56 |
12.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.48 |
0.46 |
0.56 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.21 |
1.48 |
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49 |
1.28 |
1.07 |
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 |
4.000 |
4.000 |
4.000 |
|
Reserves & Surplus |
8.139 |
13.748 |
21.745 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
12.139 |
17.748 |
25.745 |
|
|
|
|
|
|
Long-term borrowings |
7.610 |
15.621 |
13.053 |
|
Short term borrowings |
10.064 |
8.364 |
15.496 |
|
Current maturities of
long-term debts |
0.269 |
2.269 |
2.629 |
|
Total borrowings |
17.943 |
26.254 |
31.178 |
|
Debt/Equity ratio |
1.478 |
1.479 |
1.211 |
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) |
|
Revenue from Operations |
139.856 |
119.147 |
118.335 |
|
|
|
-14.807 |
(0.682) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from Operations |
139.856 |
119.147 |
118.335 |
|
Profit |
4.593 |
5.609 |
8.295 |
|
|
3.28% |
4.71% |
7.01% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The registered address of the company has been shifted from 206, Oxford
Chambers, Saki Vihar Road, Opposite Saki Vihar Telephone Exchange, Andheri
(East), Mumbai – 400 072, Maharashtra to the present address w.e.f. 03.05.2010.
GENERAL INFORMATION:
The Company is a private
company domiciled and incorporated on 02nd day of February 1995
under the provisions of the Indian Companies Act, 1956.
It specializes in the
manufacture of high speed Slitting rewinding machines, Print inspection
rewinders and Doctoring rewinding machines for the converting and flexible
packaging industry with more than 18 years’ experience in this field. Each
machine supplied to the customer with a long term commitment to ensure that the
customer realizes full value from his investment for years to come. The
company's facilities are prioritized so that calls for spares and service are
attended to in the minimum possible time, thus reducing expensive shutdowns for
customers.
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
From
Directors |
7.000 |
6.996 |
|
Total |
7.000 |
6.996 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10534324 |
13/11/2014 |
3,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH, BHOLANATH
CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST), MUMBAI,
MAHARASHTRA - 400057, INDIA |
C35559707 |
|
2 |
10480777 |
14/02/2014 |
5,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA - 400057, INDIA |
B97675466 |
|
3 |
10344812 |
27/02/2012 |
376,385.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SHOBHANA APARTMENT, CHANDAVRKAR
ROAD, BORIVALI (WEST), MUMBAI, MAHARASHTRA - 400092, INDIA |
B35986041 |
|
4 |
10344814 |
27/02/2012 |
474,028.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SHOBHANA APARTMENT, CHANDAVRKAR
ROAD, BORIVALI (WEST), MUMBAI, MAHARASHTRA - 400092, INDIA |
B35986751 |
|
5 |
10131064 |
07/11/2008 |
2,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
ANDHERI EAST BRANCH, RAJA
SHOPPING CENTRE, NEW NAGARDAS ROAD, ANDHERI (EAST), MUMBAI, MAHARASHTRA
- 400069, INDIA |
A51348415 |
|
6 |
10069317 |
11/09/2007 |
328,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
RAJA SHOPPING CENTER, NEW
NAGARDAS ROAD, ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400069, INDIA |
A24127318 |
|
7 |
90151215 |
05/10/2004 |
1,200,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
RAJA SHOPPING CENTRE; NEW
NAGARDAS ROAD, ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400069, INDIA |
- |
|
8 |
90151211 |
31/08/2004 |
1,125,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
RAJA SHOPPING CENTRE; NEW
NAGARDAS ROAD, ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400007, INDIA |
- |
|
9 |
90150961 |
14/03/2002 |
1,380,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
RAJA SHOPPING CENTRE; NEW
NAGARDAS ROAD, ANDHERI |
- |
|
10 |
90150937 |
13/11/2001 |
1,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
RAJA SHOPPING CENTRE; NEW
NAGARDAS ROAD, ANDHERI |
- |
|
11 |
90150589 |
29/07/1998 |
1,450,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
RAJA SHOPPING CENTRE; NEW
NAGARDAS ROAD, ANDHERI |
- |
|
12 |
90150536 |
20/03/1998 |
1,560,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
RAJA SHOPPING CENTRE; NEW
NAGARDAS ROAD, ANDHERI |
- |
|
13 |
90149714 |
07/02/2013 * |
23,500,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA - 400057, INDIA |
B68101476 |
|
14 |
90150499 |
28/11/1997 |
852,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
RAJA SHOPPING CENTRE; NEW
NAGARDAS ROAD, ANDHERI |
- |
|
15 |
90150485 |
25/09/1997 |
1,200,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
RAJA SHOPPING CENTRE; NEW
NAGARDAS ROAD, ANDHERI |
- |
|
16 |
90150311 |
27/05/2014 * |
18,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
SME VILE PARLE BRANCH,
BHOLANATH CO-OPERATIVE HOUSING SOCIETY, SUBHASH ROAD, VILE PARLE (EAST),
MUMBAI, MAHARASHTRA - 400057, INDIA |
C06991988 |
* Date of charge modification
FIXED ASSETS:
·
Freehold Land
·
Buildings
·
Plant and Equipments
·
Furniture and Fixtures
·
Office Equipments
·
Computers
·
Electrical Installation
·
Motor Car
·
Cycle
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.46 |
|
UK Pound |
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.70.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.