MIRA INFORM REPORT
|
Report No. : |
332620 |
|
Report Date : |
23.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
G. S. R. MARKETING LIMITED |
|
|
|
|
Registered
Office : |
H. No.2-2-5, Flat # 1 and
6, 1st Floor, Ushakiran Arcade, O.U. Road, Vidya Nagar, Hyderabad
– 500 044, Telangana |
|
Tel. No.: |
91-40-33441122 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.09.2007 |
|
|
|
|
Com. Reg. No.: |
36-055433 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.895
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999TG2007PLC055433 |
|
|
|
|
IEC No.: |
0907021204 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG9273C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Cement, Steel and Building Construction Materials. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
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 |
|
|
|
|
Comments : |
Subject was incorporated on 6th September, 2007. It is an
established company having satisfactory track record. The company has recorded low operational activities during the year
2014 from its previous year 2013. The rating take into account on company’s established track record, sound
financial risk profile, moderate capital structure and debt serving
parameters. The rating, however, are constrained by the relative low and volatile
profitability margin, fragmented and cyclical nature of the industry. However, trade relation are fair. Business is active. Payment terms
are reported to be usually correct. In view of sound financial base, the company can be considered for
business dealings with its usual trade terms and condition. |
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. Suresh Kumar Chitlangya |
|
Designation : |
Director |
|
Contact No.: |
91-9866179985 |
|
Date : |
22.07.2015 |
LOCATIONS
|
Registered Office : |
H. No.2-2-5, Flat # 1 and
6, 1st Floor, Ushakiran Arcade, O.U. Road, Vidya Nagar, Hyderabad
– 500 044, Telangana, India |
|
Tel. No.: |
91-40-33441122/ 27072814/
27072815 |
|
Mobile No.: |
91-9866179985 (Mr. Suresh Kumar
Chitlangya) |
|
Fax No.: |
91-40-30948014/ 27072915 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Branch Office 1 : |
# 3, Vaibhav Shali Chambers, 1/5, Old Pune Naka,
Morarjipet, Solapur – 413 002, Maharashtra, India |
|
Tel. No.: |
91-217-3344112 |
|
Fax No.: |
91-217-2728122 |
|
|
|
|
Branch Office 2 : |
# 425, 2nd Floor, Pentagon Building,
Opposite Panchami Hotel, Satara Road, Next to BSNL Office, Pune – 411 009,
Maharashtra, India |
|
Tel. No.: |
91-20-33441122 |
|
|
|
|
Branch Office 3 : |
# 1, Chiranjeev Co-Operative Housing Limited,
Chitranjan Road, Near Tilak Smarak Mandir, Vile Parle (East) , Mumbai – 400
057, Maharashtra, India |
|
Tel. No.: |
91-22-26124145 |
|
Fax No.: |
91-22-26124145 |
|
|
|
|
Warehouse : |
Located at: ·
Solapur ·
Pune ·
Mumbai ·
Nagpur |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Govindprasad Dwarakadas Chitlangya |
|
Designation : |
Managing director |
|
Address : |
G-0601,
Treasure Park, Sant Nagar, Parvati, Pune – 411 009, Maharashtra, India |
|
Date of Birth/Age : |
16.08.1974 |
|
Date of Appointment : |
06.09.2007 |
|
DIN No.: |
01641127 |
|
|
|
|
Name : |
Mr. Dilip Ramprasad Chitlangya |
|
Designation : |
Director |
|
Address : |
2-2-1123/9/K,
F No.102, Janardhan Apartments, New Nallakunta, Hyderabad – 500 044,
Telangana, India |
|
Date of Birth/Age : |
27.09.1980 |
|
Date of Appointment : |
05.02.2008 |
|
DIN No.: |
02082906 |
|
|
|
|
Name : |
Mr. Suresh Kumar Dwarakadas Chitlangya |
|
Designation : |
Director |
|
Address : |
2-2-1076/B,
Tilak Nagar, New Nallakunta, Hyderabad – 500 044, Telangana, India |
|
Date of Birth/Age : |
30.06.1978 |
|
Date of Appointment : |
05.02.2008 |
|
DIN No.: |
02542593 |
|
|
|
|
Name : |
Mr. Praveen Ramprasad Chitlangya |
|
Designation : |
Additional Director |
|
Address : |
2-2-1123/9/K,
F No.102, New Nallakunta, Hyderabad – 500 044, Telangana, India |
|
Date of Appointment : |
09.12.2014 |
|
DIN No.: |
06467344 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anandi
Rathi |
|
2000 |
|
Dilip
Chitlangya |
|
328750 |
|
Govind
Prasad Chitlangya |
|
874000 |
|
Iswarlal
Rathi |
|
4000 |
|
Praveen
Ramprasad Chitlangya |
|
2000 |
|
Rajendra
Kishorilal Goyal |
|
100000 |
|
Sarala
Rathi |
|
2000 |
|
Sheetal
Rathi |
|
2000 |
|
Seema
Chitlangya |
|
1500 |
|
Swathi
Chitlangya |
|
1000 |
|
Suresh
Chitlangya |
|
467250 |
|
Suresh
Chitlangya and Govind Prasad Chitlangya |
|
45000 |
|
Prashanth
Rathi |
|
5000 |
|
Govind
Prasad Chitlangya (HUF) |
|
1125000 |
|
Basanta
Bai Chitlangya |
|
130000 |
|
Total |
|
3089500 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Cement, Steel and Building Construction Materials. |
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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 : |
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|
Products : |
Cement and Agro Commodities |
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Countries : |
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Imports : |
Not Available |
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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 : |
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Customers : |
Wholesalers, Retailers and End Users
|
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No. of Employees : |
20 (Approximately) |
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Bankers : |
·
Andhra Bank, 598 and 598A, Sachapir Street, Camp Pune, Pune – 411 001,
Maharashtra, India ·
ICICI Bank Limited ·
Standard Chartered Bank ·
Yes Bank Limited |
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Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B.B. Sulhyan and Associates Chartered Accountants |
|
Address : |
Plot No.74/2, Shivaji Road, Miraj – 416 410, Maharashtra, India |
|
Tel. No.: |
91-233-2228636/ 2221036 |
|
Mobile No.: |
91-9822242006 |
|
E-Mail : |
|
|
Website : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AJWPS1521M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Parties : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3089500 |
Equity Shares |
Rs.10/- each |
Rs.30.895
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 |
30.895 |
30.895 |
30.895 |
|
(b) Reserves &
Surplus |
82.743 |
74.076 |
46.397 |
|
(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) |
113.638 |
104.971 |
77.292 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
86.280 |
67.387 |
33.368 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.260 |
0.405 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
86.280 |
67.647 |
33.773 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
40.578 |
39.868 |
0.225 |
|
(b) Trade payables |
84.046 |
123.557 |
120.595 |
|
(c) Other current
liabilities |
3.080 |
11.462 |
7.117 |
|
(d) Short-term provisions |
0.277 |
0.270 |
5.745 |
|
Total Current Liabilities
(4) |
127.981 |
175.157 |
133.682 |
|
|
|
|
|
|
TOTAL |
327.899 |
347.775 |
244.747 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
49.991 |
35.782 |
11.992 |
|
(ii) Intangible Assets |
1.075 |
1.059 |
0.360 |
|
(iii) Capital
work-in-progress |
57.108 |
51.236 |
30.427 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.746 |
0.757 |
2.668 |
|
(c) Deferred tax assets
(net) |
0.325 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.068 |
0.091 |
0.113 |
|
Total Non-Current Assets |
109.313 |
88.925 |
45.560 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
10.658 |
15.410 |
16.936 |
|
(b) Inventories |
26.395 |
35.562 |
42.359 |
|
(c) Trade receivables |
122.459 |
134.894 |
87.251 |
|
(d) Cash and cash
equivalents |
7.007 |
37.586 |
5.109 |
|
(e) Short-term loans and
advances |
51.081 |
34.461 |
32.771 |
|
(f) Other current assets |
0.986 |
0.937 |
14.761 |
|
Total Current Assets |
218.586 |
258.850 |
199.187 |
|
|
|
|
|
|
TOTAL |
327.899 |
347.775 |
244.747 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
625.201 |
1080.583 |
1011.104 |
|
|
|
Other Income |
0.587 |
1.828 |
1.563 |
|
|
|
TOTAL |
625.788 |
1082.411 |
1012.667 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials
Consumed |
558.060 |
970.744 |
937.669 |
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
9.167 |
6.797 |
(24.920) |
|
|
|
Employee Benefit Expense |
11.893 |
22.047 |
16.817 |
|
|
|
Other Administrative
Expenses |
14.554 |
22.913 |
17.617 |
|
|
|
Exceptional Items |
0.090 |
1.901 |
11.442 |
|
|
|
TOTAL |
593.764 |
1024.402 |
958.625 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
32.024 |
58.009 |
54.042 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.277 |
12.959 |
16.486 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
19.747 |
45.050 |
37.556 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.035 |
4.616 |
2.959 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
11.712 |
40.434 |
34.597 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.045 |
12.755 |
12.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
8.667 |
27.679 |
22.497 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
8.667 |
27.679 |
22.497 |
|
|
BALANCE CARRIED
TO THE B/S |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
2.81 |
8.96 |
7.28 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
750.000 |
|
|
|
|
|
The above information has been parted by Mr. Suresh Kumar Chitlangya (Director).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
NA |
NA |
NA |
|
Cash generated
from operations |
(6.622) |
26.974 |
NA |
|
Net cash flows from (used in) operating
activities |
(10.295) |
14.983 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.39 |
2.56 |
2.22 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.12 |
5.37 |
5.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.34 |
13.67 |
16.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.39 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.12 |
1.02 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71 |
1.48 |
1.49 |
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 |
30.895 |
30.895 |
30.895 |
|
Reserves & Surplus |
46.397 |
74.076 |
82.743 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
77.292 |
104.971 |
113.638 |
|
|
|
|
|
|
Long-term borrowings |
33.368 |
67.387 |
86.280 |
|
Short term borrowings |
0.225 |
39.868 |
40.578 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
33.593 |
107.255 |
126.858 |
|
Debt/Equity ratio |
0.435 |
1.022 |
1.116 |
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 |
1011.104 |
1080.583 |
625.201 |
|
|
|
6.872 |
(42.142) |
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 |
1011.104 |
1080.583 |
625.201 |
|
Profit |
22.497 |
27.679 |
8.667 |
|
|
2.22% |
2.56% |
1.39% |
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 |
Yes |
|
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
Term Loan |
|
|
|
- From Other Parties |
0.000 |
(0.008) |
|
Total
|
0.000 |
(0.008) |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/
Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10547570 |
29/01/2015 |
90,000,000.00 |
ANDHRA BANK |
598 AND 598A, SACHAPIR STREET,
CAMP PUNE, PUNE - 411001, MAHARASHTRA, INDIA |
C42760066 |
|
2 |
10455974 |
12/09/2013 |
10,735,000.00 |
AXIS BANK LIMITED |
5-2-183/184, ASC CENTRE,
III FLOOR, RP ROAD, HYDERABAD – 500 003, ANDHRA PRADESH, INDIA |
B87925897 |
|
3 |
10451985 |
22/08/2013 |
13,007,460.00 |
AXIS BANK LIMITED |
5-2-183/184, ASC CENTRE,
III FLOOR, RP ROAD, HYDERABAD – 500 003, ANDHRA PRADESH, INDIA |
B86176906 |
|
4 |
10416177 |
25/03/2013 |
16,000,000.00 |
AXIS BANK LIMITED |
ASC CENTRE, 3RD FLOOR, DOOR
NO-5-2-183/184, R.P. ROAD, SECUNDERABAD, SECUNDERABAD - 500003, ANDHRA
PRADESH, INDIA |
B71923957 |
|
5 |
10414648 |
15/03/2013 |
49,900,000.00 |
STANDARD CHARTERED BANK |
STANDARD CHARTERED TOWER,
201 B/1, WESTERN EXPRESS HIGHWAY, GOREGAON (EAST), MUMBAI – 400 063,
MAHARASHTRA, INDIA |
B71762041 |
|
6 |
10165755 |
06/02/2012 * |
95,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
1548/A, SADASHIV PETH, TILAK ROAD, PUNE – 411 004, MAHARASHTRA, INDIA |
B34190025 |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
·
Office Equipments
·
Motor Car
·
Motor Lorry
·
Two Wheelers
·
Furniture and Fixtures
·
Air Conditioner
·
Cell Phone
·
Electronic Equipment/
Inverter
·
Computer
·
Taloje Shop No.11
·
Trucks
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, 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.63.53 |
|
UK Pound |
1 |
Rs.99.19 |
|
Euro |
1 |
Rs.69.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.