MIRA INFORM REPORT
|
Report No. : |
326506 |
|
Report Date : |
11.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRINCE PIPES AND FITTINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.1, Honda Industrial Estate, Phase II, Honda Sattari, Honda –
403530, Goa |
|
Tel. No.: |
91-260-2640007 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
13.11.1987 |
|
|
|
|
Com. Reg. No.: |
24-006287 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.240.040
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26932GA1987PTC006287 |
|
|
|
|
IEC No.: |
0391155652 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP06179F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP2319J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Plastic Pipes, Fittings and Valves. |
|
|
|
|
No. of Employees
: |
1700 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a private limited company established in the year 1987,
having satisfactory track. As per registrar of company, the company has filed financials of
2013-14 to the government, but the same could not be available from any
sources. As per financials of 2013, profit has significantly increase as
compare to previous year. Overall financials are seems to be decent. Trade relations are fair. Business is active. Payments are reported to
be usually correct. In a view of long standing existence, the company can be considered
for business dealings with some caution. |
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 |
ICRA |
|
Rating |
Long Term = “BBB-“ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
December, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term = “A3” |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
December, 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 (GENERAL DETAILS)
|
Name : |
Mr. Rupesh |
|
Designation : |
Account Executive |
|
Contact No.: |
91-22-66022222 |
|
Date : |
09.06.2015 |
LOCATIONS
|
Registered Office : |
Plot No.1, Honda Industrial Estate, Phase II, Honda Sattari, Honda – 403530,
Goa, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Admin Office : |
The Ruby, 8th Floor, 29, Senapati Bapat Marg (Tulsi Pipe
Road), Dadar (West), Mumbai – 400028, Maharashtra, India |
|
Tel. No.: |
91-22-66022222 |
|
Fax No.: |
91-22-66022220 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Athal Road, Village Athal, Survey No.132/1/1/3, Naroli, Silvassa
– 396235, Dadra and Nagar Haveli, U.T, India |
|
Tel. No.: |
91-260-2640007 |
|
Fax No.: |
91-260-2640082 |
|
|
|
|
Factory 2 : |
Jayant Desai Marg, Survey No.53 and 92, Vaghdhra Road,
Dadra – 396191, U.T, India |
|
Tel. No.: |
91-260-2668091 |
|
Fax No.: |
91-260-2668090 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Jayant Shamji Chheda |
|
Designation : |
Managing director |
|
Address : |
Room No.1001, Mount Blanc, Plot No.550, Jame Jamshed Road, Matunga-CR,
Mumbai – 400019, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1946 |
|
Qualification : |
Inter Arts |
|
Experience : |
45 Years |
|
Date of Appointment : |
13.11.1987 |
|
PAN No.: |
AABPC1336Q |
|
Voter ID No.: |
MT-06-033-081800 |
|
DIN No.: |
00013206 |
|
|
|
|
Name : |
Mr. Parag Jayant Chheda |
|
Designation : |
Whole time director |
|
Address : |
Room No.1002, Mount Blanc, Plot No.550, Jame Jamshed Road, Matunga-CR,
Mumbai – 400019, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1971 |
|
Qualification : |
Associate in Business Administration |
|
Experience : |
18 Years |
|
Date of Appointment : |
27.04.1996 |
|
PAN No.: |
AABPC3944L |
|
Voter ID No.: |
MT-06-033-081710 |
|
DIN No.: |
00013222 |
|
|
|
|
Name : |
Mr. Vipul Jayant Chheda |
|
Designation : |
Director |
|
Address : |
Room No.1001, Mount Blanc, Plot No.550, Jame Jamshed Road, Matunga-CR,
Mumbai – 400019, Maharashtra, India |
|
Date of Birth/Age : |
08.06.1975 |
|
Qualification : |
B. Com |
|
Experience : |
15 Years |
|
Date of Appointment : |
11.03.1997 |
|
PAN No.: |
AABPC3945M |
|
Voter ID No.: |
MT-06-033-081688 |
|
DIN No.: |
00013234 |
KEY EXECUTIVES
|
Name : |
Mr. Rupesh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jayant Shamji Chheda |
|
3840000 |
|
Parag Jayant Chheda |
|
14398400 |
|
Vipul Jayant Chheda |
|
14400000 |
|
Tarla Jayant Chheda |
|
15312000 |
|
Jayant Shamji Chheda (HUF) |
|
48000 |
|
Heena Parag Chheda |
|
6308 |
|
Ashwini Vipul Chheda |
|
3200 |
|
|
|
|
|
Total |
|
48007908 |
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 : |
Manufacturer and Exporter of Plastic Pipes, Fittings and Valves. |
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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 : |
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Countries : |
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Imports : |
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Products : |
Raw material |
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Countries : |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash, L/C and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
1700 (Approximately) |
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Bankers : |
· Indian Overseas Bank Fort Branch, Tamarind House, 30 & 32, Tamarind Lane, Fort, Mumbai – 400023, Maharashtra, India · Bank of India Mumbai Mid Corporate, 70/80, M.G. Road, Bank of India Building, Mezzanine Floor, Fort, Mumbai – 400001, Maharashtra, India
· ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India · The Federal Bank Limited Corporate Banking Branch, 1st Floor, 32, Bombay Samachar Marg, Mumbai – 400001, Maharashtra, India · HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India · ABN Amro Bank N.V. 74, Sakhar Bhavan, 7th Floor, Nariman Point, Mumbai – 400021, Maharashtra, India · Standard Chartered Bank Narain Manzil, 23, Barakhamba Road, New Delhi, Delhi - 110001, India |
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Facilities : |
(Rs.
In Million)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
L.D. Joshi and Associates Chartered Accountants |
|
Address : |
2-G, Court
Chambers, 2nd Floor, (Behind Income Tax Office), 35, New Marine
Lines, Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-22023058 |
|
Fax No.: |
91-22-22005568 |
|
PAN
No.: |
AAAPJ4824F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
|
|
Associate Companies : |
· Prince Marketing · Pinnacle Realty Projects Private Limited [U31300DD1999PTC002689] · Ace Polyplast Private Limited [U17210GA2007PTC006572] |
CAPITAL STRUCTURE
AFTER 25.09.2013
Authorised Capital : Rs. 500.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 480.079
Million
AS ON 31.03.2013
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 |
|
|
|
|
|
|
24003954 |
Equity Shares |
Rs.10/- each |
Rs.240.040 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
240.040 |
120.020 |
120.012 |
|
(b) Reserves & Surplus |
865.837 |
595.242 |
589.868 |
|
(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) |
1,105.877 |
715.262 |
709.880 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1,143.752 |
626.093 |
486.566 |
|
(b) Deferred tax liabilities (Net) |
133.180 |
119.241 |
99.873 |
|
(c) Other long term
liabilities |
72.483 |
55.352 |
0.000 |
|
(d) long-term
provisions |
65.328 |
54.853 |
43.320 |
|
Total Non-current
Liabilities (3) |
1,414.743 |
855.539 |
629.759 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
1,371.503 |
1,168.781 |
1,062.995 |
|
(b) Trade
payables |
836.436 |
668.920 |
246.643 |
|
(c) Other
current liabilities |
532.116 |
395.788 |
383.434
|
|
(d) Short-term
provisions |
103.532 |
20.066 |
37.576
|
|
Total Current
Liabilities (4) |
2,843.587 |
2,253.555 |
1,730.648 |
|
|
|
|
|
|
TOTAL |
5,364.207 |
3,824.356 |
3,070.287 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2,107.260 |
1,547.220 |
1,205.180 |
|
(ii)
Intangible Assets |
51.641 |
6.674 |
6.809 |
|
(iii)
Capital work-in-progress |
48.213 |
48.688 |
15.821 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
8.759 |
8.566 |
9.200 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.004 |
1.006 |
334.845 |
|
(e) Other
Non-current assets |
45.210 |
20.403 |
10.639 |
|
Total Non-Current
Assets |
2,262.087 |
1,632.557 |
1,582.494 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1,227.688 |
805.943 |
514.764
|
|
(c) Trade
receivables |
1,503.536 |
1,095.509 |
722.187
|
|
(d) Cash
and cash equivalents |
68.255 |
69.986 |
43.060
|
|
(e)
Short-term loans and advances |
254.336 |
167.875 |
170.972
|
|
(f) Other
current assets |
48.305 |
52.486 |
36.810
|
|
Total
Current Assets |
3,102.120 |
2,191.799 |
1,487.793 |
|
|
|
|
|
|
TOTAL |
5,364.207 |
3,824.356 |
3,070.287 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
8530.749 |
5655.481 |
4457.149 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
711.908 |
260.080 |
316.563 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
211.322 |
159.350 |
125.840 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
500.586 |
100.730 |
190.723 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
117.473 |
23.333 |
52.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
383.113 |
77.397 |
138.684 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Earnings |
NA |
NA |
34.822 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.96 |
7.23 |
11.56 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
259.504 |
252.630 |
237.774 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.49 |
1.37 |
3.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.43 |
2.67 |
6.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45 |
0.14 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.51 |
2.86 |
2.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09 |
0.97 |
0.86 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
120.012 |
120.020 |
240.040 |
|
Reserves & Surplus |
589.868 |
595.242 |
865.837 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
709.880 |
715.262 |
1105.877 |
|
|
|
|
|
|
long-term borrowings |
486.566 |
626.093 |
1143.752 |
|
Short term borrowings |
1062.995 |
1168.781 |
1371.503 |
|
Current maturities of
long-term debts |
237.774 |
252.630 |
259.504 |
|
Total
borrowings |
1787.335 |
2047.504 |
2774.759 |
|
Debt/Equity
ratio |
2.518 |
2.863 |
2.509 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
4457.149 |
5655.481 |
8530.749 |
|
|
|
26.886 |
50.840 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
4457.149 |
5655.481 |
8530.749 |
|
Profit |
138.684 |
77.397 |
383.113 |
|
|
3.11% |
1.37% |
4.49% |
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 |
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 |
No |
|
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 Ruby House, 4th
Floor, B Wing, J.K. Sawant Marg, Dadar (West), Mumbai – 400028, Maharashtra,
India to the present address w.e.f.13.01.2010.
MERGER
The Jurisdictional High Courts have approved the Merger of M/s Kenson
Manufacture Private Limited with M/s Prince Pipes and Fittings Private Limited
on 7th December, 2012 with effect from 1st April, 2010. As a result, necessary
effects have been given in the financial statements for the Financial Year 2010-11
and 2011-12.
ACQUISITION OF TWO
PLANTS IN CHENNAI AND KOLHAPUR OF TRUBORE PIPING SYSTEMS
The Company has acquired South Indian PVC pipe maker Trubore Piping
Systems, a division of Chemplast Sanmar Limited through a slump sale for
Rs.683.600 Million. Trubore Piping Systems founded in 2006 by Chemplast Sanmar
Limited designs and makes a full range of casing, agriculture and bore-well
pipes. It has added a Greenfield pipes facility at Shinoli, Maharashtra. The
acquisition is targeted to provide Prince Pipes with scale and mass in the
Southern region to enhance its product segments and add to the distribution
network along with cross selling opportunities.
PERFORMANCE OF THE
COMPANY
The financial year 2012 - 13 is yet another year of significant growth.
During the year, the Company has achieved a turnover of Rs. 8530.749 Million as
against Rs. 5655.481 Million in the previous year, which is 50.84% higher as
compared to the previous year. The net profit after tax was Rs. 383.113 Million
as against Rs. 77.397 Million in the previous year.
FUTURE OUTLOOK
The Company has continuous growth in the turnover and is planning to
increase the capacity by additional investment in plant and machineries to meet
the market requirements.
UNSECURED LOAN
(Rs.
In Million)
|
PARTICULARS |
31.03.2013 Rs. In Million |
31.03.2012 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and
Advances from Directors |
244.335 |
154.324 |
|
Loans and
Advances from others |
8.214 |
7.367 |
|
Other loans and
Advances |
10.265 |
13.121 |
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and
Advances |
509.220 |
327.577 |
|
|
|
|
|
Total |
772.034 |
502.389 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10449047 |
16/01/2014 * |
2,212,500,000.00 |
BANK OF INDIA |
MUMBAI MID
CORPORATE, 70/80, M.G. ROAD, BOI BUILDING, MEZZANINE FLOOR, FORT, MUMBAI,
MAHARASHTRA |
B98281249 |
|
2 |
10449048 |
16/01/2014 * |
2,212,500,000.00 |
BANK OF INDIA |
MUMBAI MID
CORPORATE, 70/80, M.G. ROAD, BOI BUILDING, MEZZANINE FLOOR, FORT, MUMBAI,
MAHARASHTRA |
B98283682 |
|
3 |
10432364 |
27/06/2014 * |
500,000,000.00 |
STANDARD
CHARTERED BANK |
NARAIN MANZIL,
23, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
C14541742 |
|
4 |
10241068 |
06/09/2010 |
200,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A95161980 |
|
5 |
10241779 |
06/09/2010 |
150,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A95429148 |
|
6 |
10217141 |
24/09/2010 * |
460,000,000.00 |
THE FEDERAL BANK
LIMITED |
CORPORATE BANKING
BRANCH,1ST FLOOR, 32,BOMBAY SAMACHAR MARG,FORT, MUMBAI, MAHARASHTRA - 400001,
INDIA |
A98571458 |
|
7 |
10216211 |
16/01/2014 * |
638,889,000.00 |
INDIAN OVERSEAS
BANK |
FORT BRANCH,
TAMARIND HOUSE, 30 & 32, TAMARIND LANE, FORT, MUMBAI, MAHARASHTRA -
400023, INDIA |
B98513971 |
|
8 |
10164208 |
03/05/2011 * |
783,200,000.00 |
INDIAN OVERSEAS
BANK |
FORT BRANCH,
TAMARIND HOUSE, 30 & 32, GROUND FLOOR, TAMARIND LANE, MUMBAI, MAHARASHTRA
- 400023, INDIA |
B14299952 |
|
9 |
10156888 |
14/02/2014 * |
2,212,500,000.00 |
BANK OF INDIA |
MUMBAI MID
CORPORATE, 70/80, M.G. ROAD, BANK OF INDIA BUILDING, MEZZANINE FLOOR,
FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B98292675 |
|
10 |
10143642 |
18/02/2009 |
100,000,000.00 |
3I INFOTECH
TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH
FLOOR, INTERNATIONAL INFOTECH PARK,, TOWER NO.5, VASHI RAILWAY STATION
COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A57126385 |
|
11 |
10143644 |
18/02/2009 |
80,000,000.00 |
3I INFOTECH
TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH
FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION
COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A57126963 |
|
12 |
10141343 |
09/02/2009 |
32,000,000.00 |
3I INFOTECH TRUSTEESHIP
SERVICES LIMITED |
3RD TO 6TH
FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION
COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A55953046 |
|
13 |
10145128 |
12/08/2013 * |
500,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B86204401 |
|
14 |
10145135 |
16/01/2014 * |
91,340,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B98020266 |
|
15 |
10090673 |
01/03/2008 |
30,000,000.00 |
3I INFOTECH
TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH
FLOOR, INTERNATIONAL INFOTECH PARK,, TOWER NO.5, VASHI RAILWAY STATION
COMPLEX, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A33533720 |
|
16 |
10058035 |
15/12/2006 |
128,200,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A09086471 |
|
17 |
10104991 |
31/07/2006 |
40,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A06030829 |
|
18 |
10008147 |
15/05/2006 |
80,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH (MUMBAI), N.G.N. VAIDYA MARG, FORT, MUMBAI, MAHARASHTRA - 400023,
INDIA |
A01346717 |
|
19 |
10008434 |
07/03/2006 |
170,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A01786581 |
*Date of charge modification
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Electrical Installation
· Computer
· Moulds and Dies
· Office Equipments
· Furniture and Fixtures
· Vehicles
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 records 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.63.94 |
|
|
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
RKH |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
6 |
|
--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 |
|
49 |
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.