MIRA INFORM REPORT
|
Report No. : |
326010 |
|
Report Date : |
09.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
VIMAL CROP CARE PRIVATE LIMITED (w.e.f. 30.10.2007) |
|
|
|
|
Formerly Known
As : |
VIMAL PESTICIDES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.98, N H No. 8, Limbadia Village, Gandhi Nagar – 382330,
Ahemedabad Gujarat |
|
Tel. No.: |
91-79-22823790/ 32003221 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.03.1993 |
|
|
|
|
Com. Reg. No.: |
04-019059 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.12.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1993PTC019059 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMV00306F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCV0628F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and repacking and job work relating to
pesticides, insecticides and weedicides products |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 61000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2014 but the documents
related to the financials for the year 2014 are not available from any
sources. As per available financials of 2013, reserves of the company seems to
be low. 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 some
cautions. |
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. Shailendra |
|
Designation : |
International/Marketing Manager |
|
Contact No.: |
91-8511174813 |
|
Date : |
05.06.2015 |
LOCATIONS
|
Registered Office : |
Plot No.98, N H No. 8, Limbadia Village, Gandhi Nagar – 382 330,
Ahmedabad, Gujarat, India |
|
Tel. No.: |
91-79-22823790/ 32003221/ 32003222/ 22823790/ 22821390 |
|
Mobile No.: |
91-9377332304 (Mr. Prakash Rami) |
|
Fax No.: |
91-79-22823543/22821390 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Correspondence Office : |
Plot No. 175/6, GIDC Estate, Naroda, Ahmedabad – 382 330, Gujarat,
India |
|
Tel. No.: |
91-79-22820790/ 32003224 |
|
E-Mail : |
|
|
|
|
|
Overseas Address : |
P.O. Baox 3228, Sunnybank South, Brisbane-4109, Old Australia |
|
Tel. No.: |
+61 432392406 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Mohanlal Laljibhai Rami |
|
Designation : |
Managing Director |
|
Address : |
“Santosh”, Near Vasant Vihar Flats, Shahibaug, Ahmedabad – 380 004, Gujarat,
India |
|
Date of Birth/Age : |
30.05.1952 |
|
Date of Appointment : |
03.03.1993 |
|
DIN No.: |
01167254 |
|
|
|
|
Name : |
Mrs. Hiraben Mohanlal Rami |
|
Designation : |
Director |
|
Address : |
“Santosh”, Near Vasant Vihar Flats, Shahibaug, Ahmedabad – 380 004,
Gujarat, India |
|
Date of Birth/Age : |
10.02.1950 |
|
Date of Appointment : |
03.03.1993 |
|
DIN No.: |
00926155 |
|
|
|
|
Name : |
Mr. Prakash Kumar Mohanlal Rami |
|
Designation : |
Director |
|
Address : |
“Santosh”, Near Vasant Vihar Flats, Shahibaug, Ahmedabad – 380 004,
Gujarat, India |
|
Date of Birth/Age : |
28.01.1978 |
|
Date of Appointment : |
30.03.2002 |
|
DIN No.: |
01167306 |
|
|
|
|
Name : |
Mr. Manish Kumar Mohanlal Rami |
|
Designation : |
Director |
|
Address : |
“Santosh”, Near Vasant Vihar Flats, Shahibaug, Ahmedabad – 380 004,
Gujarat, India |
|
Date of Birth/Age : |
25.09.1981 |
|
Date of Appointment : |
30.03.2002 |
|
DIN No.: |
01167367 |
KEY EXECUTIVES
|
Name : |
Mr. Shailendra |
|
Designation : |
International/Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Mohanbhai L Rami |
96200 |
8.02 |
|
Hiraben M Rami |
290000 |
24.17 |
|
Prakash M Rami |
49100 |
4.09 |
|
Manishbhai M Rami |
45000 |
3.75 |
|
Mohanbhai M Rami Jointly with Hiraben M. Rami |
229700 |
19.14 |
|
Ketkiben P. Rami |
146500 |
12.21 |
|
Arunaben M. Rami |
147000 |
12.25 |
|
Jigar M. Rami |
90000 |
7.50 |
|
Sunil M. Rami |
106500 |
8.87 |
|
|
|
|
|
Total |
1200000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and repacking and job work relating to
pesticides, insecticides and weedicides products |
|
|
|
|
Products : |
·
Agrochemical ·
Plant Growth Regulators ·
Growth Stimulants |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
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|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Vietnam ·
Egypt |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
Dubai |
|
|
|
|
Terms : |
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|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
·
Anil Chemical ·
Brodways Chemtech Private Limited ·
Chintan Industries ·
Deep in Corporation ·
Ezzy Bio Science Private Limited ·
GSP Crop Science Private Limited ·
Hariom Corporation ·
Industrial Chemical Corporation ·
Insecticides India Limited ·
J. B. Industries |
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Customers : |
Wholesalers and Retailers ·
Advance Pesticieds ·
Crystal Phosphate Limited ·
Dow Chemical International Private Limited ·
Indofill Chemical Company ·
Insecticides India Limited ·
P I Industries Limited ·
Rallis India Limited ·
Rohm and Hass (India) Private Limited ·
Prostine Agro Limited ·
Rogimbe Transitos S. L |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
·
Kalupur Commercial Co- operative Bank Limited,
Kalupur Bank Bhavan, Near Income Tax Circle, Ashram Road, Ushmanpura-380014,
Ahmedabad, Gujarat, India ·
ABN Amro Bank ·
ICICI Bank ·
Stat Bank of India |
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Facilities : |
(Rs.
In Million)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SARC and Associates Chartered Accountant |
|
Address : |
308 Shail Complex, Opposite Madhusudan House, Behind Girish Cold
Drink, Off C G Road, Navrangpura, Ahmedabad – 380 009, Gujarat, India |
|
PAN No.: |
ABXFS0432N |
|
|
|
|
Memberships : |
-- |
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|
|
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Collaborators : |
-- |
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|
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Related Parties : |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs. 10/- each |
Rs.12.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs. 10/- each |
Rs.12.000 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 |
12.000 |
12.000 |
12.000 |
|
(b) Reserves & Surplus |
9.199 |
6.744 |
4.813 |
|
(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) |
21.199 |
18.744 |
16.813 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.020 |
16.493 |
14.562 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.292 |
7.700 |
0.508 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.312 |
24.193 |
15.070 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
54.482 |
31.838 |
31.811 |
|
(b) Trade payables |
56.077 |
19.655 |
34.080 |
|
(c) Other current liabilities |
0.007 |
0.010 |
0.044 |
|
(d) Short-term provisions |
7.650 |
6.750 |
3.036 |
|
Total
Current Liabilities (4) |
118.216 |
58.253 |
68.971 |
|
|
|
|
|
|
TOTAL |
139.727 |
101.190 |
100.854 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
27.199 |
23.342 |
21.651 |
|
(ii) Intangible Assets |
0.004 |
0.005 |
0.007 |
|
(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 |
0.804 |
0.804 |
0.804 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.352 |
0.304 |
0.489 |
|
(e) Other Non-current assets |
9.490 |
9.775 |
1.990 |
|
Total
Non-Current Assets |
37.849 |
34.230 |
24.941 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
27.639 |
23.805 |
33.590 |
|
(c) Trade receivables |
48.883 |
28.406 |
12.027 |
|
(d) Cash and cash equivalents |
13.549 |
6.926 |
4.764 |
|
(e) Short-term loans and
advances |
11.807 |
7.823 |
25.530 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
101.878 |
66.960 |
75.911 |
|
|
|
|
|
|
TOTAL |
139.727 |
101.190 |
100.852 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
900.000 (Approximately) |
145.434 |
112.663 |
|
|
Other Income |
NA |
2.257 |
1.564 |
|
|
TOTAL
(A) |
NA |
147.691 |
114.227 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
(B) |
NA |
140.930 |
108.312 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
6.761 |
5.915 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
3.941 |
3.662 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX (E-F) (G) |
NA |
2.820 |
2.253 |
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
0.889 |
0.759 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
2.455 |
1.931 |
1.494 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
0.513 |
0.838 |
0.525 |
|
|
|
|
|
|
|
|
TOTAL
VALUE IMPORTS |
1.346 |
0.013 |
10.528 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.05 |
1.61 |
1.25 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1200.000 |
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 |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
1.33 |
1.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
2.81 |
2.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.15 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.57 |
2.58 |
2.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.86 |
1.15 |
1.10 |
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 |
12.000 |
12.000 |
12.000 |
|
Reserves & Surplus |
4.813 |
6.744 |
9.199 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
16.813 |
18.744 |
21.199 |
|
|
|
|
|
|
long-term borrowings |
14.562 |
16.493 |
0.020 |
|
Short term borrowings |
31.811 |
31.838 |
54.482 |
|
Total
borrowings |
46.373 |
48.331 |
54.502 |
|
Debt/Equity
ratio |
2.758 |
2.578 |
2.571 |
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 |
NOTE: Registered office has been shifted from Plot No.98 N H No.8, Limbadia
Village, Gandhinagar, Gujarat, India to the present address w.e.f. 07.11.2007
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
|
|
|
Hiraben M Rami |
0.000 |
3.000 |
|
Manishbhami Rami |
0.000 |
2.500 |
|
Prakashbhami Rami |
0.000 |
2.500 |
|
|
0.000 |
8.000 |
|
SHORT TERM
BORROWING |
|
|
|
Gharda Chemicals Ltd. - Excise |
0.887 |
0.000 |
|
PI Industries- Excise |
6.190 |
0.288 |
|
Rohm & Hans (India) Private Limitec. - Excise |
0.111 |
0.111 |
|
|
|
|
|
Total |
7.188 |
8.399 |
INDEX OF CHARGES
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10434999 |
02/07/2013 |
5,000,000.00 |
THE
KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
KALUPUR
BANK BHAVAN, INCOME TAX CIRCLE,ASHRAM ROAD, AHMEDABAD – 380 014, GUJARAT,
INDIA |
B78818614 |
|
2 |
10309555 |
26/08/2011 |
5,000,000.00 |
THE
KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
KALUPUR
BANK BHAVAN, INCOME TAX CIRCLE,ASHRAM ROAD, AHMEDABAD – 380 014, GUJARAT,
INDIA |
B22287924 |
|
3 |
10219432 |
07/04/2010 |
5,000,000.00 |
THE
KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
KALUPUR
BANK BHAVAN, INCOME TAX CIRCLE,ASHRAM ROAD, AHMEDABAD – 380 014, GUJARAT,
INDIA |
A85063014 |
|
4 |
10120710 |
16/07/2010
* |
10,000,000.00 |
KALUPUR
COMMERCIAL CO-OPERATIVE BANK LIMITED |
KALUPUR
BANK BHAVAN, INCOME TAX CIRCLE,ASHRAM ROAD, AHMEDABAD – 380 014, GUJARAT,
INDIA |
A92686468 |
|
5 |
10109223 |
17/06/2008 |
2,200,000.00 |
KALUPUR
COMMERCIAL CO-OPERATIVE BANK LIMITED |
KALUPUR
BANK BHAVAN, INCOME TAX CIRCLE,ASHRAM ROAD, AHMEDABAD – 380 014, GUJARAT,
INDIA |
A40926099 |
|
6 |
10057635 |
22/06/2007 |
3,000,000.00 |
THE
KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
KALUPUR
BANK BHAVAN, INCOME TAX CIRCLE,ASHRAM ROAD, AHMEDABAD – 380 014, GUJARAT,
INDIA |
A17926908 |
|
7 |
10057625 |
22/06/2007 |
5,000,000.00 |
THE
KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
KALUPUR
BANK BHAVAN, INCOME TAX CIRCLE,ASHRAM ROAD, AHMEDABAD – 380 014, GUJARAT,
INDIA |
A17927187 |
|
8 |
10057628 |
21/06/2007 |
4,500,000.00 |
THE
KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
KALUPUR
BANK BHAVAN, INCOME TAX CIRCLE,ASHRAM ROAD, AHMEDABAD – 380 014, GUJARAT,
INDIA |
A17927807 |
|
9 |
10004989 |
02/06/2006 |
5,000,000.00 |
THE
KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
KALUPUR
BANK BHAVAN, INCOME TAX CIRCLE,ASHRAM ROAD, AHMEDABAD – 380 014, GUJARAT,
INDIA |
A01309145 |
|
10 |
90099674 |
07/07/2003 |
700,000.00 |
THE
KALUPUR COMMERCIAL CO-OP BANK LIMITED |
ASHRAM
ROAD, AHMEDABAD, GUJARAT, INDIA |
- |
FIXED ASSETS:
·
Air conditioners and Coolers
·
Water Cooler
·
Attendance and Payroll Software
·
Efficiency Software
·
Time and Attendance ( Fingerprint)
·
Car – Indigo CS
·
Pallettruck
·
Vehicles
·
Computer
·
Xerox Machine
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.64.11 |
|
|
1 |
Rs.97.84 |
|
Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.