MIRA INFORM REPORT
|
Report No. : |
334199 |
|
Report Date : |
27.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
BHADRESH TRADING CORPORATION LIMITED |
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|
|
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Registered
Office : |
101 -104, Tower A, Peninsula, Corporate Park, G.K. Road, Lower Parel (West), Mumbai – 400013, Maharashtra |
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Tel. No.: |
91-22-23800007/
23802004/ 5/
67200021/ 61505001/ 23800008 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
21.05.2008 |
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Com. Reg. No.: |
11-182506 |
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Capital
Investment / Paid-up Capital : |
Rs.476.818
Million |
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|
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CIN No.: [Company Identification
No.] |
U40105MH2008PLC182506 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMB18530B |
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PAN No.: [Permanent Account No.] |
AADCB4591K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject engaged in
export of Raw Cotton, Cotton Yarn, fabrics and other agro commodities. |
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No. of Employees
: |
140 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 10000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 2008 and it is an exporter of raw
cotton, cotton yarn, fabrics and other agro commodities. Subject is an
established company having satisfactory track record. For the financial year ended 2014, the company has reported decent
topline growth of 37.34% and profitability margins of the company stood at
0.51%. Rating also takes into account of experience of the promoters with
their long track record in cotton trading business and sound financial base
of the company. Trade relations are fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealing at 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 |
CARE |
|
Rating |
Long Bank Facilities = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
06.02.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
06.02.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Sandeep Yelve |
|
Designation : |
Senior Accounts Executive |
|
Contact No.: |
91-22-61505001 |
LOCATIONS
|
Registered Office : |
101 -104, Tower A, Peninsula, Corporate Park, G.K. Road,
Lower Parel (West), Mumbai – 400013, Maharashtra, India
|
|
Tel. No.: |
91-22-23800007/
23802004/ 5/
67200021/ 61505001/ 23800008 |
|
Fax No.: |
91-22-23896467/
23800047/ 23640451/ 23800007 |
|
E-Mail : |
anup3339@gmail.com bhadresh@bom2.net.in |
|
Website : |
http://www.bhadreshindia.com |
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|
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Head Office : |
205, Majestic Shopping Centre, 144, J S S Road, Mumbai – 400004, Maharashtra, India |
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Administrative /
Export Office : |
325/ 326, 3rd Floor, A to Z Industrial
Premises, Next to Peninsula Tower, Lower Parel (West), Mumbai – 400013,
Maharashtra, India |
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Tel. No.: |
91-22-61505001/ 24948406/ 24948410 |
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Fax No.: |
91-22-24948405 |
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|
|
|
Cotton Green Office / Branch Office 1 : |
S-75 and 76, East India
Cotton Association, |
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Tel. No.: |
91-22-32469623 |
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Fax No.: |
91-22-23750308 |
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Branch Office 2 : |
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Tel. No.: |
91-281-2443561/ 9650 |
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Fax No.: |
91-281-2459704 |
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Warehouse : |
Located at Mundra , Gujarat, India |
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Overseas Office : |
Rm.2012, Building A, No.1088, |
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Tel. No.: |
+86-21-6109 9690/ 6109 9610 |
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Fax No.: |
+86-21-6109 9630 |
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E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Bhadresh Vasantrai Mehta |
|
Designation : |
Managing director |
|
Address : |
402, Manju Veena Apartment, 2/A, Narayan Dabholkar road, Opposite Nepean Sea Road,
Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
28.10.1957 |
|
Date of Appointment : |
01.06.2013 |
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PAN No.: |
AACPM0152D |
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DIN No.: |
01206174 |
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|
|
|
Name : |
Mrs. Heena Bhadresh Mehta |
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Designation : |
Director |
|
Address : |
402, Manju Veena Apartment, 2/A, Narayan Dabholkar road, Opposite Nepean
Sea Road, Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
13.10.1958 |
|
Date of Appointment : |
21.05.2008 |
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PAN No.: |
AFPPM2633H |
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DIN No.: |
00655763 |
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|
|
|
Name : |
Mr. Parth Bhadresh Mehta |
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Designation : |
Director |
|
Address : |
402, Manju Veena Apartment, 2/A, Narayan Dabholkar road, Opposite
Nepean Sea Road, Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
30.04.1988 |
|
Date of Appointment : |
01.06.2013 |
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PAN No.: |
ANWPM9376N |
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DIN No.: |
01802821 |
KEY EXECUTIVES
|
Name : |
Mrs. Lalita Thakkar |
|
Designation : |
CFO |
|
Address : |
B-203, Mount Classic 1, Yogi Hills. Mulund West, Mumbai – 400080,
Maharashtra, India |
|
Date of Appointment : |
12.11.2014 |
|
PAN No. : |
AYWPP3156G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
28.69 |
|
Directors or relatives of Directors |
58.14 |
|
Other top fifty shareholders |
7.61 |
|
Others |
5.56 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in export of Raw Cotton, Cotton Yarn, fabrics and
other agro commodities. |
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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 : |
Finished Goods |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
140 (Approximately) |
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Bankers : |
· Bank of Baroda, 10/12, 4th Floor, Mumbai Samachar Marg, Fort, Mumbai - 400001, Maharashtra, India · Dena Bank, Overseas Branch, 17 - B, Horniman Circle, Fort, Mumbai - 400023, Maharashtra, India · State Bank of Travancore, Corporate Finance Branch, 112-115, Tulsiani, Chambers, Fre Press Journal Marg, Nariman Point, Mumbai – 400021, Maharashtra, India · State Bank of Bikaner And Jaipur, 235-237, Peninsula House, Dr. D.N. Road, Fort, Mumbai - 400001, Maharashtra, India · Allahabad Bank, Industrial Finance Branch, 2nd Floor, 37, Mumbai Samachar Marg, Fort, Mumbai - 400023, Maharashtra, India
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Facilities : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
James Shah and Company Chartered Accountants |
|
Address : |
230/231, Majestic Shopping Centre, 2Nd Floor, 144, JSS
Road, Girgaon, Mumbai – 400004, Maharashtra, India |
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PAN
No. : |
AAFPS8223G |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary Company: |
·
Giriraj Ginning and Pressing Private Limited CIN No.: U17119GJ1998PTC034650 ·
Raghuvanshi Cotton Ginning and Pressing Private
Limited CIN No.: U17110GJ2006PTC047456 ·
Cashcot Industries Pte Limited ·
Galaxy Cotton and Textiles Private Limited CIN No.: U17119GJ1994PTC023788
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Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives: |
·
Britex Cotton International Limited CIN No.: U51900MH1999PLC120968 ·
Bhadresh Agro Venture Private Limited CIN No.: U01111MH2009PTC195634 ·
Bhadresh Infra Venture Private Limited CIN No.: U45202MH2009PTC195679 ·
Bhadresh Natural Resources Private Limited CIN No.: U14200MH2009PTC195633 ·
BTC Cashcot Industries Limited CIN No.: U63013MH2010PLC211200 ·
Kin-Tex Engineers Private Limited CIN No.: U29261MH1987PTC045725 ·
Sumeet Promoters Private Limited CIN No.: U45202WB1990PTC050091 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs. 10/- each |
Rs.500.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49706805 |
Equity Shares |
Rs. 10/- each |
Rs.497.068
Million |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs. 10/- each |
Rs.500.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47681805 |
Equity Shares |
Rs. 10/- each |
Rs.476.818
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 |
476.818 |
435.204 |
140.846 |
|
(b) Reserves & Surplus |
2,804.674 |
1,584.802 |
1,345.465 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
405.000 |
642.300 |
378.300 |
|
Total
Shareholders’ Funds (1) + (2) |
3,686.492 |
2,662.306 |
1,864.611 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1,258.707 |
1,087.725 |
717.435 |
|
(b) Deferred tax liabilities (Net) |
116.943 |
8.891 |
6.761 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
4.558 |
3.327 |
0.100 |
|
Total Non-current Liabilities
(3) |
1,380.208 |
1,099.943 |
724.296 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
7,803.430 |
7,616.745 |
4,068.333 |
|
(b) Trade
payables |
4,809.082 |
1,254.300 |
2,798.670 |
|
(c) Other current
liabilities |
356.935 |
305.285 |
812.615 |
|
(d) Short-term
provisions |
40.649 |
54.996 |
21.983 |
|
Total Current
Liabilities (4) |
13,010.096 |
9,231.326 |
7,701.601 |
|
|
|
|
|
|
TOTAL |
18,076.796 |
12,993.575 |
10,290.508 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
543.598 |
129.473 |
105.610 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
7.602 |
92.668 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
704.138 |
702.478 |
543.843 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
17.414 |
12.354 |
11.745 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1,272.752 |
936.973 |
661.198 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
9,075.765 |
7,431.148 |
7,316.594 |
|
(c) Trade
receivables |
3,974.799 |
2,638.706 |
1,003.196 |
|
(d) Cash
and cash equivalents |
1,753.351 |
1,344.410 |
1,025.586 |
|
(e)
Short-term loans and advances |
400.225 |
268.410 |
218.824 |
|
(f) Other
current assets |
1,599.904 |
373.928 |
65.110 |
|
Total
Current Assets |
16,804.044 |
12,056.602 |
9,629.310 |
|
|
|
|
|
|
TOTAL |
18,076.796 |
12,993.575 |
10,290.508 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
84377.657 |
61439.510 |
56433.321 |
|
|
|
|
Other Income |
372.610 |
133.350 |
110.569 |
|
|
|
|
TOTAL (A) |
84,750.267 |
61,572.860 |
56,543.890 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Purchase of Stock-in-trade |
81445.213 |
58349.067 |
58500.376 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(1644.617) |
(114.554) |
(5512.291) |
|
|
|
|
Employee Benefits Expenses |
58.287 |
46.878 |
30.989 |
|
|
|
|
Other Expenses |
2473.748 |
1622.318 |
1615.64 |
|
|
|
|
Exceptional Items |
0.000 |
0.812 |
3.698 |
|
|
|
|
TOTAL (B) |
82,332.631 |
59,904.521 |
54,638.412 |
|
|
|
|
|
|
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||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2,417.636 |
1,668.339 |
1,905.478 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
1,716.264 |
1232.478 |
1507.041 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
701.372 |
435.861 |
398.437 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
20.165 |
6.976 |
4.745 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
681.207 |
428.885 |
393.692 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
247.802 |
144.630 |
128.275 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
433.405 |
284.255 |
265.417 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
58557.724 |
45617.291 |
52902.800 |
|
|
|
TOTAL EARNINGS |
58557.724 |
45617.291 |
52902.800 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
9.43 |
6.61 |
25.04 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
39.926 |
2.199 |
1.981 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.51 |
0.46 |
0.47 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.87 |
2.72 |
3.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.92 |
3.52 |
4.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.16 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.47 |
3.27 |
2.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
1.31 |
1.25 |
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 |
140.846 |
435.204 |
476.818 |
|
Reserves & Surplus |
1345.465 |
1584.802 |
2804.674 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
378.300 |
642.300 |
405.000 |
|
Net
worth |
1864.611 |
2662.306 |
3686.492 |
|
|
|
|
|
|
Long Term borrowings |
717.435 |
1087.725 |
1258.707 |
|
Short Term borrowings |
4068.333 |
7616.745 |
7803.430 |
|
Current Maturities of Long term debt |
1.981 |
2.199 |
39.926 |
|
Total
borrowings |
4787.749 |
8706.669 |
9102.063 |
|
Debt/Equity
ratio |
2.568 |
3.270 |
2.469 |
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 |
56,433.321 |
61,439.510 |
84,377.657 |
|
|
|
8.871 |
37.335 |
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
|
56,433.321 |
61,439.510 |
84,377.657 |
|
Profit |
265.417 |
284.255 |
433.405 |
|
|
0.47% |
0.46% |
0.51% |
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 |
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) |
No |
|
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 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 |
Note: The registered office of the company has been shifted from 205, Majestic Shopping Centre, 144, J S S Road, Mumbai – 400004, Maharashtra, India to the present address w.e.f 19.03.2014.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Deposits |
547.010 |
547.010 |
|
Loans and advances from related parties |
507.067 |
336.156 |
|
Other loans and advances |
0.430 |
201.400 |
|
Total |
1054.507 |
1084.566 |
CORPORATE
INFORMATION
The company is a
limited company domiciled in India and incorporated under the provisions of the
Companies Act, 1956. The company is a Government of India recognized Premier
Trading House and is primarily engaged in export of Raw Cotton, Cotton Yarn,
fabrics and other agro commodities.
BASIS OF PREPARATION
The financial
statements of the company have been prepared in accordance with generally
accepted accounting principles in India (Indian
GAAP). The company
has prepared these financial statements to comply in all material respects with
the accounting standards notified under the Companies (Accounting Standards)
Rules, 2006, (as amended) and the relevant provisions of the Companies Act,
1956. The financial statements have been prepared on an accrual basis and under
the historical cost convention.
OPERATING RESULTS:
The sales and operating income for the year ended 31 March 20143
amounted to Rs.84377.658 Million as against Rs.61572.861 Million for the
previous year. During the financial year 2013-14, profits after tax has
increased from Rs.433.405 Million to Rs.284.255 Million.
CURRENT OUTLOOK
The global market
scenario has seen improvement and the demand for the cotton is increasing. The
Management is continuously looking for avenues for future growth of the Company
and are geared up to address any opportunities available. The Company has
planned to achieve higher sales turnover during the current financial year. The
Company expects to achieve better value addition and profitability.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10512962 |
24/07/2014 |
10,575,000,000.00 |
STATE BANK OF INDIA LEAD BANK |
COMMERCIAL BRANCH, NEAR JALARAM PETROL PUMP, KALAWAD ROAD, RAJKOT, GUJARAT - 360001, INDIA |
C15053283 |
|
2 |
10444290 |
07/08/2013 |
280,000,000.00 |
BANK OF BARODA |
10/12, 4TH FLOOR,, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B82702655 |
|
3 |
10409436 |
15/02/2013 |
500,000,000.00 |
ORIENTAL BANK OF COMMERCE |
NARIMAN POINT OVEREAS BRANCH, DALAMAL TOWERS, 211, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B69864148 |
|
4 |
10416665 |
19/03/2014 * |
1,850,000,000.00 |
STATE BANK OF TRAVANCORE |
CORPORATE FINANCE
BRANCH, 112-115, TULSIANI, CHAM |
C00727388 |
|
5 |
10337950 |
24/02/2014 * |
750,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21, WORLD TRADE CENTRE |
B97966519 |
|
6 |
10252413 |
01/11/2012 * |
200,000,000.00 |
KARUR VYSYA BANK LTD |
954, GAYATRI TOWERS, APPA SAHEB MARATHE MARG,, PRABHADEVI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B62867122 |
|
7 |
10192058 |
04/02/2014 * |
1,950,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
NR JALARAM PETROL PUMP, KALAWA |
B98803570 |
|
8 |
10136168 |
19/03/2010 * |
350,000,000.00 |
UNION BANK OF INDIA |
LOWER PAREL,YESHWANT BHAVAN,, PANDURANG BUDHKAR MARG, LOWER PAREL, MUMBAI, MAHARASHTRA - 400013, INDIA |
A83999433 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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. 63.89 |
|
UK Pound |
1 |
Rs. 99.10 |
|
Euro |
1 |
Rs. 70.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
4 |
|
--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 |
|
43 |
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.