MIRA INFORM REPORT
|
Report No. : |
314347 |
|
Report Date : |
26.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAP PRINT SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
28A, Laxmi Industrial Estate, Ganpatrao Kadam Marg, S N Path, Lower
Parel, Mumbai - 400013, Maharashtra |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
16.04.2008 |
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|
|
|
Com. Reg. No.: |
11-181207 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219MH2008PTC181207 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer and Exporter of Printing Materials. |
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|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. However, trade relations are reported to be fair. Business is active.
Payments are reported to be usually correct. The company can be considered normal for business dealing at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SME : SE2A |
|
Rating Explanation |
High financial strength and high performance capability. |
|
Date |
October, 2013 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sunil |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-40741000 |
|
Date : |
25.03.2015 |
LOCATIONS
|
Registered Office : |
28A, Laxmi Industrial Estate, Ganpatrao Kadam Marg, S N Path, Lower
Parel, Mumbai - 400013, Maharashtra, India |
|
Tel. No.: |
91-22-40741000 |
|
Fax No.: |
91-22-40741020 |
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E-Mail : |
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Website : |
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|
|
|
Factory 1 : |
Plot No. 3 and 30, Sector II, The Vasai Taluka Industrial Co-operative
Estate Limited, Gauraipada, Vasai Road (East), District Thane - 401208,
Maharashtra, India |
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|
|
|
Factory 2 : |
1 A, T.K. Industrial Estate, Guptawadi, Off T. J. Road, Sewree (West),
Mumbai - 400015, Maharashtra, India |
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|
|
|
Factory 3: |
Plot No. 14, Survey No. 29*, Navghar, Vasai (East), Thane,
Maharashtra, India |
|
Tel. No.: |
91-250-2392180 |
DIRECTORS
As on: 27.09.2014
|
Name : |
Mr. Melwyn Jeome Fernandes |
|
Designation : |
Whole-time director |
|
Address : |
101, Navratna Apartments, Kole Kalyan Village, St. Anthony’s Street,
Kalina, Santacruz (East), Mumbai-400098, Maharashtra, India |
|
Date of Birth/Age : |
03.07.1964 |
|
Date of Appointment : |
02.05.2014 |
|
DIN No.: |
00497902 |
|
|
|
|
Name : |
Ms. Celine Maria Fernandes |
|
Designation : |
Whole-time director |
|
Address : |
101, Navratna Apartments, Kole Kalyan Village, St. Anthony’s Street,
Kalina, Santacruz (East), Mumbai-400098, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1965 |
|
Date of Appointment : |
02.05.2014 |
|
DIN No.: |
00497924 |
|
|
|
|
Name : |
Mr. Anil Madanmohan Bhiani |
|
Designation : |
Director |
|
Address : |
301, Amar Niketan, Opposite Speed Post Office, J B Nagar, Andheri
(East), Mumbai-400098, Maharashtra, India |
|
Date of Birth/Age : |
12.10.1956 |
|
Date of Appointment : |
16.04.2008 |
|
DIN No.: |
02090534 |
|
|
|
|
Name : |
Mr. Santosh Bhargav Bamne |
|
Designation : |
Director |
|
Address : |
7, Uday Apartments, Prof. V S Agashe Path, Dadar (West), Mumbai-400028,
Maharashtra, India |
|
Date of Birth/Age : |
25.08.1967 |
|
Date of Appointment : |
15.05.2008 |
|
DIN No.: |
02145126 |
|
|
|
|
Name : |
Mr. Sanjay Bhargav Bamne |
|
Designation : |
Director |
|
Address : |
9, Uday Apartments, Prof. V S Agashe Path, Dadar (West),
Mumbai-400028, Maharashtra, India |
|
Date of Birth/Age : |
25.07.1969 |
|
Date of Appointment : |
01.11.2009 |
|
DIN No.: |
02145202 |
|
|
|
|
Name : |
Mr. Pradeep Madanmohan Bihani |
|
Designation : |
Director |
|
Address : |
301, Amar Niketan, J B Nagar, Andheri (East), Mumbai-400059,
Maharashtra, India |
|
Date of Birth/Age : |
25.09.1961 |
|
Date of Appointment : |
01.11.2009 |
|
DIN No.: |
02670524 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.09.2014
|
Names of Shareholders |
No. of Shares |
|
Anil Bihani |
45000 |
|
Melwyn Frnandes |
104000 |
|
Celine Fernandes |
16000 |
|
Santosh Bamne |
90500 |
|
Kamla Bihani |
1000 |
|
Madhu Bihani |
71000 |
|
Surekha Bihani |
1000 |
|
Pradeep Bihani |
41000 |
|
Sanjay Bamne |
75500 |
|
Pooja Bamne |
1000 |
|
Sharddha Bamne |
13000 |
|
Madan Mohan Bihani |
21000 |
|
Clever Consultants Private Limited, India |
30000 |
|
Rohyl Consultancy Private Limited, India |
30000 |
|
|
|
|
TOTAL
|
540000 |
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2014
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
11.11 |
|
Directors or relatives of directors |
|
88.89 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Printing Materials. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished goods |
|
Countries : |
Uganda |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Greece |
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Terms : |
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Selling : |
Cash, Advance Payment and Credit (30 days / 60 days / 90 days) |
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Purchasing : |
Cash, Advance Payment and Credit (30 days / 60 days / 90 days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers, End Users and OEMs
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
NOTE : Long term
borrowings Term of repayment
Security : Loan from Yes bank Limited is secured by exclusive charge on current assets,
movable fixed assets of the company and equitable margage of factory building
at Plot No.3 and 30, Sector – II, Vasa (East), Thane and Gala No.7 and 8,
Lakshmi Industrial Estate, S N Path, Lower Parel, Mumbai – 400013,
Maharashtra, India. Long term
borrowings Cash Credit packing Credit facilities are secured by way of
hypothecation of book debts and stock of the company. Buyers credit is secured by way of equitable margage of factory
building at Plot No.3 and 30, Sector – II, Vasa (East), Thane and Gala No.7
and 8, Lakshmi Industrial Estate, S N Path, Lower Parel, Mumbai – 400013,
Maharashtra, India. |
|
Auditors : |
|
|
Name : |
Sanjay Samdani and Associates Chartered Accountants |
|
Address : |
106-D, Trade Corner, Sakinaka, Mumbai-400072, Maharashtra, India |
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Tel. No.: |
91-22-28526152 |
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Telefax No.: |
91-22-28520621 |
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E-Mail : |
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PAN No.: |
AACPS6585L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises over which significant influences is exercised by Key
Managerial Personnel : |
|
CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750,000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
540,000 |
Equity Shares |
Rs.10/- each |
Rs. 5.400
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 |
5.400 |
5.400 |
5.400 |
|
(b) Reserves & Surplus |
178.606 |
145.847 |
118.504 |
|
(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) |
184.006 |
151.247 |
123.904 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
35.517 |
40.781 |
50.911 |
|
(b) Deferred tax liabilities
(Net) |
7.607 |
5.070 |
3.589 |
|
(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) |
43.124 |
45.851 |
54.500 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
58.638 |
5.214 |
25.750 |
|
(b) Trade payables |
52.824 |
33.426 |
22.420 |
|
(c) Other current liabilities |
22.632 |
12.200 |
13.293 |
|
(d) Short-term provisions |
0.628 |
0.628 |
0.628 |
|
Total
Current Liabilities (4) |
134.722 |
51.468 |
62.091 |
|
|
|
|
|
|
TOTAL |
361.852 |
248.566 |
240.495 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
163.332 |
122.154 |
120.301 |
|
(ii) Intangible Assets |
0.605 |
0.742 |
0.737 |
|
(iii) Capital work-in-progress |
0.000 |
1.353 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.808 |
1.551 |
1.542 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
165.745 |
125.800 |
122.580 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
29.887 |
26.550 |
33.771 |
|
(c) Trade receivables |
127.887 |
80.268 |
63.905 |
|
(d) Cash and cash equivalents |
23.694 |
7.489 |
13.965 |
|
(e) Short-term loans and
advances |
14.639 |
8.459 |
6.274 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
196.107 |
122.766 |
117.915 |
|
|
|
|
|
|
TOTAL |
361.852 |
248.566 |
240.495 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
678.670 |
517.082 |
427.243 |
|
|
Other Income |
4.116 |
1.004 |
0.600 |
|
|
TOTAL (A) |
682.786 |
518.086 |
427.843 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
Operating expenses |
613.896 |
456.910 |
372.680 |
|
|
TOTAL (B) |
613.896 |
456.910 |
372.680 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
68.891 |
61.176 |
55.163 |
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES (D) |
8.383 |
10.630 |
7.785 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
60.508 |
50.546 |
47.378 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
11.083 |
9.055 |
7.003 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
49.425 |
41.491 |
40.375 |
|
|
|
|
|
|
|
|
TAX
(H) |
16.037 |
13.520 |
13.146 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
33.388 |
27.971 |
27.229 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
122.298 |
97.754 |
73.782 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
2.800 |
2.800 |
2.800 |
|
|
Dividend |
0.540 |
0.540 |
0.540 |
|
|
Tax on Dividend |
0.087 |
0.087 |
0.087 |
|
|
Balance
Carried to the B/S |
152.256 |
122.298 |
97.584 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
52.657 |
6.011 |
2.064 |
|
|
TOTAL
EARNINGS |
52.657 |
6.011 |
2.064 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods and Stores parts |
28.940 |
7.173 |
18.366 |
|
|
TOTAL
IMPORTS |
28.940 |
7.173 |
18.366 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
61.83 |
51.8 |
50.42 |
Expected Sales ( 2014-2015 ) : Rs.750.000 Million
The above information has been parted by Mr. Sunil [Accountant].
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
4.92 |
5.41 |
6.37 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
10.15 |
11.83 |
12.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.66 |
16.78 |
16.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.27 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.51 |
0.30 |
0.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46 |
2.39 |
1.90 |
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 |
5.400 |
5.400 |
5.400 |
|
Reserves & Surplus |
118.504 |
145.847 |
178.606 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
123.904 |
151.247 |
184.006 |
|
|
|
|
|
|
long-term borrowings |
50.911 |
40.781 |
35.517 |
|
Short term borrowings |
25.750 |
5.214 |
58.638 |
|
Total borrowings |
76.661 |
45.995 |
94.155 |
|
Debt/Equity ratio |
0.619 |
0.304 |
0.512 |
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 |
427.243 |
517.082 |
678.670 |
|
|
|
21.028 |
31.250 |
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 |
427.243 |
517.082 |
678.670 |
|
Profit |
27.229 |
27.971 |
33.388 |
|
|
6.37% |
5.41% |
4.92% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term debt |
6.703 |
5.612 |
6.564
|
|
|
|
|
|
|
Total |
6.703 |
5.612 |
6.564
|
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long term
borrowings |
|
|
|
Loans and advance from related parties |
14.250 |
16.250 |
|
Intercorporate Loan |
10.000 |
10.000 |
|
|
|
|
|
Total |
24.250 |
26.250 |
OPERATIONS
This is the sixth year of operation of the Company. During the year ended on 31st March 2014, total turnover achieved by the company was Rs. 682.786 Million as compared to Previous Year of Rs. 518.086 Million. The comparison with previous year is showing a increase of Rs. 164.700 Million.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10522228 |
04/09/2014 |
173,570,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
C22764112 |
|
2 |
10390474 |
06/05/2014 * |
173,570,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
C22762553 |
* Date of charge modification
FIXED ASSETS
- Freehold Land
- Building
- Plant and
Machinery
- Furniture and
Fixtures
- Vehicles
- Office
Equipments
- Computers
- Air
Conditioners
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. 62.34 |
|
|
1 |
Rs. 92.65 |
|
Euro |
1 |
Rs. 68.12 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis don by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
|
45 |
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.