MIRA INFORM REPORT
|
Report No. : |
332889 |
|
Report Date : |
21.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
WEENER EMPIRE PLASTICS PRIVATE LIMITED (w.e.f. 09.10.2014) |
|
|
|
|
Formerly Known
As : |
WEENER EMPIRE PLASTICS LIMITED (w.e.f. 15.05.2008) EMPIRE PLASTICS LIMITED |
|
|
|
|
Registered
Office : |
19-A, Mira Co-Operative Industrial Estate, Western Express Highway, Mira, Thane – 401104, Maharashtra |
|
Tel. No.: |
91-22-28455391/ 28455027/ 28455525 / 33865000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
17.07.1995 |
|
|
|
|
Com. Reg. No.: |
11-090697 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.69.693 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129MH1995PTC090697 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Plastic Packaging Products
and Bottle Caps |
|
|
|
|
No. of Employees
: |
200 (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 |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a subsidiary of Weener Plastic GMBH, Germany. Rating takes into consideration the sound financial risk profile of
the company marked by acceptable net worth base and low gearing in FY 14. However, company has reported decline in its net profitability in the
year under consideration. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings with 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 |
ICRA |
|
Rating |
Term Loan Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
June 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term rating = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
June 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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Bhushan Awale |
|
Designation : |
Account Executive |
|
Contact No.: |
91-22-33865000 |
|
Date : |
20.07.2015 |
LOCATIONS
|
Registered Office / Corporate Office : |
19-A, Mira Co-Operative Industrial Estate, Western Express Highway, Mira, Thane – 401104, Maharashtra, India |
|
Tel. No.: |
91-22-28455391/ 28455027/ 28455525 / 33865000 |
|
Fax No.: |
91-22-28456841 / 33865099 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factories : |
Located At:
|
DIRECTORS
As on 27.09.2014
|
Name : |
Mr. Avinash Brijlal Gupta |
|
Designation : |
Chairman and Managing Director |
|
Address : |
Mahek Bunglow No.2, Krishna Regency, Sunder Nagar, Malad (West),
Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
29.11.1951 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
17.07.1995 |
|
PAN No.: |
AACPG2211M |
|
DIN No.: |
00300127 |
|
|
|
|
Name : |
Mr. Abhinav Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
Mahek Bunglow No.2, Krishna Regency, Sunder Nagar, Malad (West),
Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1985 |
|
Qualification : |
Plastic Engineer |
|
Date of Appointment : |
07.11.2008 |
|
PAN No.: |
AHDPG2268E |
|
DIN No.: |
02042048 |
|
|
|
|
Name : |
Mr. Gabriele Elisabeth Maria Beckmann |
|
Designation : |
Director |
|
Address : |
Moserstrabe 31, Osnabruck, 49074, Germany |
|
Date of Birth/Age : |
12.05.1982 |
|
Date of Appointment : |
21.12.2013 |
|
DIN No.: |
06757778 |
|
|
|
|
Name : |
Mr. Roelof Wiebe Zeevat |
|
Designation : |
Director |
|
Address : |
Goordijkstraat 31, Merksplas, 2330, Belgium |
|
Date of Birth/Age : |
29.09.1968 |
|
Date of Appointment : |
21.12.2013 |
|
DIN No.: |
06757802 |
|
|
|
|
Name : |
Mr. Ralf Hinrich Sonnenberg |
|
Designation : |
Director |
|
Address : |
Holthuser Strabe 15, Weener, 26826, Germany |
|
Date of Birth/Age : |
01.03.1967 |
|
Date of Appointment : |
21.12.2013 |
|
DIN No.: |
06763762 |
KEY EXECUTIVES
|
Name : |
Mr. Bhushan Awale |
|
Designation : |
Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Surrao Boniface Jointly with Surrao Hazel |
|
8000 |
|
Surrao Hazel Jointly with Surrao Boniface |
|
2000 |
|
Weener Plastik GmbH (Formerly Weener Plastik AG), Germany |
|
3380694 |
|
Weener Plastik GmbH (Formerly Weener Plastik AG), Germany |
|
3541146 |
|
Gabriele Elisabeth Maria Beckmann (Nominee of Weener Plastik GmbH), Germany |
|
1 |
|
Paul Pruss (Nominee of Weener Plastik GmbH), Germany |
|
1 |
|
Ralf Hinrich Sonnenberg (Nominee of Weener Plastik GmbH), Germany |
|
1 |
|
Gerhold Flockenhagen (Nominee of Weener Plastik GmbH), Germany |
|
1 |
|
Hendrikus Albertus Mennink (Nominee of Weener Plastik GmbH), Germany |
|
1 |
|
Roelof Wiebe Zeevat (Nominee of Weener Plastik GmbH), Germany |
|
1 |
|
Avinash Brijlal Gupta Jointly with Abhinav Gupta |
|
37496 |
|
Neelam Avinash Gupta |
|
1 |
|
Abhinav A. Gupta |
|
1 |
|
Alok Kumar Jain |
|
1 |
|
Subramanian Ramaswamy |
|
1 |
|
Total |
|
6969346 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2014
|
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 |
99.46 |
|
Directors or relatives of Directors |
0.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Plastic Packaging
Products and Bottle Caps |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
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Exports : |
|
|
Products : |
Plastic Packaging Products |
|
Countries : |
|
|
|
|
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Ireland |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
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|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Ashok Jayesh and Associates Chartered Accountant |
|
Address : |
501, Dheeraj Arma, 5th Floor, Anant Kanekar Marg, Bandra
(East), Mumbai – 400051, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFA3904H |
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|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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Holding Company : |
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|
Enterprises which are
owned, or have significant influence of or are
partners with Key management personnel and their
relatives : |
U74999MH2003PTC139934
|
|
|
|
|
Fellow Subsidiary
company : |
|
CAPITAL STRUCTURE
As on 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6969346 |
Equity Shares |
Rs.10/- each |
Rs.69.693
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 |
69.693 |
63.811 |
63.811 |
|
(b) Reserves & Surplus |
573.091 |
431.147 |
381.852 |
|
(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) |
642.784 |
494.958 |
445.663 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
138.014 |
136.664 |
135.038 |
|
(b) Deferred tax liabilities
(Net) |
53.659 |
48.173 |
39.584 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.421 |
59.208 |
51.676 |
|
Total
Non-current Liabilities (3) |
193.094 |
244.045 |
226.298 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
192.987 |
228.651 |
187.709 |
|
(b) Trade payables |
129.481 |
137.398 |
40.636 |
|
(c) Other current liabilities |
119.394 |
115.045 |
140.949 |
|
(d) Short-term provisions |
16.338 |
19.525 |
16.187 |
|
Total
Current Liabilities (4) |
458.200 |
500.619 |
385.481 |
|
|
|
|
|
|
TOTAL |
1294.078 |
1239.622 |
1057.442 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
785.052 |
680.222 |
485.049 |
|
(ii) Intangible Assets |
0.913 |
0.946 |
1.002 |
|
(iii) Capital work-in-progress |
4.262 |
2.345 |
86.793 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
66.355 |
77.126 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
29.959 |
61.378 |
42.636 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
820.186 |
811.246 |
692.606 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
148.556 |
140.698 |
119.623 |
|
(c) Trade receivables |
269.308 |
244.694 |
197.537 |
|
(d) Cash and cash equivalents |
5.182 |
5.203 |
3.592 |
|
(e) Short-term loans and
advances |
50.846 |
37.781 |
44.084 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
473.892 |
428.376 |
364.836 |
|
|
|
|
|
|
TOTAL |
1294.078 |
1239.622 |
1057.442 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from Operation |
1590.538 |
1310.535 |
1038.658 |
|
|
Other Income |
0.000 |
15.994 |
9.968 |
|
|
TOTAL
(A) |
1590.538 |
1326.529 |
1048.626 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
781.459 |
580.649 |
|
|
Purchases of Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(19.758) |
2.561 |
|
|
Employees benefits expense |
|
63.777 |
50.162 |
|
|
Exceptional Items |
|
0.000 |
(1.817) |
|
|
Other expenses |
|
291.690 |
227.383 |
|
|
TOTAL
(B) |
1385.399 (Including
Finance Expenses) |
1117.168 |
858.938 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
205.139 |
209.361 |
189.688 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
54.754 |
57.649 |
42.318 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
150.385 |
151.712 |
147.370 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
86.857 |
73.222 |
57.126 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
63.528 |
78.490 |
90.244 |
|
|
|
|
|
|
|
Less |
TAX (H) |
18.226 |
24.531 |
33.930 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
45.302 |
53.959 |
56.314 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
323.101 |
273.806 |
218.274 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Provision for tax earlier
years |
|
0.080 |
0.782 |
|
|
Provision for tax of Firm of
current / earlier years |
|
4.584 |
0.000 |
|
|
Tax on Dividend |
|
|
|
|
|
Total
(M) |
NA |
4.664 |
0.782 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
368.403 |
323.101 |
273.806 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
17.234 |
31.457 |
13.541 |
|
|
TOTAL
EARNINGS |
17.234 |
31.457 |
13.541 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
36.373 |
16.101 |
25.818 |
|
|
Capital Goods |
39.313 |
21.449 |
0.000 |
|
|
TOTAL
IMPORTS |
75.686 |
37.550 |
25.818 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
6.99 |
8.46 |
8.83 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2020.000 |
|
|
|
|
|
The above information has been parted by Mr. Bhushan Awale (Account
Executive)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
89.169 |
96.944 |
77.344 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
44.011 |
229.094 |
194.061 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.85 |
4.12 |
5.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.93 |
6.70 |
10.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.16 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.65 |
0.93 |
0.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
0.86 |
0.95 |
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 |
63.811 |
63.811 |
69.693 |
|
Reserves & Surplus |
381.852 |
431.147 |
573.091 |
|
Net
worth |
445.663 |
494.958 |
642.784 |
|
|
|
|
|
|
long-term borrowings |
135.038 |
136.664 |
138.014 |
|
Short term borrowings |
187.709 |
228.651 |
192.987 |
|
Current Maturities of
Long-Term Debts |
77.344 |
96.944 |
89.169 |
|
Total
borrowings |
400.091 |
462.259 |
420.170 |
|
Debt/Equity
ratio |
0.898 |
0.934 |
0.654 |
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 |
1038.658 |
1310.535 |
1590.538 |
|
|
|
26.176 |
21.366 |
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 |
1038.658 |
1310.535 |
1590.538 |
|
Profit |
56.314 |
53.959 |
45.302 |
|
|
5.42% |
4.12% |
2.85% |
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 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 |
Yes |
|
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 |
OPERATIONS
The Company has achieved turnover of Rs. 1576.941 Million during the year as against turnover of Rs. 1310.535 Million during the previous year, which represents increase of about 20.33%. Profit for the year after tax during the year was Rs. 45.302 Million as against Rs. 53.959 Million during the previous year. Profit margins have reduced during the year due to increase in prices of raw materials, personnel expenses, depreciation and other expenses. However, Financial Cost has reduced to Rs. 54.754 Million during the year under review as compared to Rs. 62.551 Million during the previous year. It will be endeavor of your Directors to give improved performance in the coming years.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Differed Payment liability |
0.000 |
11.423 |
|
Loans and Advances from related parties |
3.097 |
0.000 |
|
Total |
3.097 |
11.423 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10133357 |
20/10/2008 |
28,000,000.00 |
ING VYSYA BANK LIMITED |
FIRST FLOOR ""A"" WING SHANTI COMMERCIAL
COMPLEX, |
A52557170 |
|
2 |
10065367 |
01/11/2007 * |
60,000,000.00 |
ING VYSYA BANK LIMITED |
MITTAL TOWERS A-WING, GROUND FLOOR 210 NARIMAN POINT, MUMBAI, Maharashtra
- 400021, INDIA |
A32208613 |
|
3 |
10065463 |
03/12/2008 * |
16,761,000.00 |
ING VYSYA BANK LIMITED |
FIRST FLOOR "A" WING SHANTI COMMERCIAL COMPLEX, |
A52557493 |
|
4 |
10017065 |
18/07/2006 |
1,750,000.00 |
The Malad Sahakari Bank Ltd. |
6, Sujata , Rani Sati Marg , Malad (East), Mumbai, |
A03791803 |
|
5 |
90144557 |
12/03/2014 * |
338,996,000.00 |
ING VYSYA BANK LIMITED |
FIRST FLOOR, "A" WING, SHANTI COMMERCIAL COMPLEX, |
C11181401 |
|
6 |
80036587 |
04/12/2001 |
2,000,000.00 |
THE MALAD SAHAKARI BANK LIMITED |
6,SUJATA, RANI SATI MARG,, MALAD (E), MUMBAI, Maharashtra - 400097,
INDIA |
- |
|
7 |
80036588 |
17/08/2001 |
1,000,000.00 |
THE MALAD SAHAKARI BANK LIMITD |
6, SUJATA, RANI SATI MARG,, MALAD (EAST), MUMBAI, |
- |
|
8 |
80036589 |
04/01/2000 |
3,000,000.00 |
THE MALAD SAHAKARI BANK LIMITED |
5,SUJATA, RANI SATI MARG,, MALA (EAST), MUMBAI, Maharashtra - 400097,
INDIA |
- |
|
9 |
90231037 |
10/09/1999 |
500,000.00 |
THE MALAD SHEKARI BANK LIMITED |
5 SUJATA ;RANI SATI MARG, MALAD, Maharashtra, INDIA |
- |
FIXED ASSETS
Intangible Assets
- Land
- Buildings
- Office building
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible Assets
- Computer 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.63.55 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.68.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--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.