MIRA INFORM REPORT
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Report No. : |
321971 |
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Report Date : |
13.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
POONAM DRUMS AND CONTAINERS PRIVATE LIMITED |
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Registered
Office : |
A-10, Kanara Business Centre, Laxmi Nagar, Behind Everest Building,
Ghatkopar (East), Mumbai-400075, Maharashtra |
|
Tel. No.: |
91-22-25003268/ 25003269/25003275 |
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|
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of Incorporation
: |
14.10.1983 |
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Com. Reg. No.: |
11-031112 |
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Capital
Investment / Paid-up Capital : |
Rs. 52.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U28100MH1983PTC031112 |
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|
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMP11544B |
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PAN No.: [Permanent Account No.] |
AAACP0477D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Drums and Containers used for paint Industries and Pesticides |
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No. of Employees
: |
200 (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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. Management of the company has failed to file its latest financial for
the year 2014 with the Government Department. As per available financial of 2013, External Borrowings of the company
seems to be increasing as compared to previous year. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered normal 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
CRISIL |
|
Rating |
Long Term Rating (BB-) |
|
Rating Explanation |
Have inadequate credit quality and carry high credit risk. |
|
Date |
March 27, 2014 |
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|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating (A4+) |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
March 27, 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Zahir |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-25003268 |
|
Date : |
12.05.2015 |
LOCATIONS
|
Registered Office : |
A-10, Kanara Business Centre, Laxmi Nagar, Behind Everest Building,
Ghatkopar (East), Mumbai-400075, Maharashtra, India |
|
Tel. No.: |
91-22-25003268/ 25003269/25003275 |
|
Mobile No.: |
91-9820378419/ 9322516683/ 9821154846 |
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Fax No.: |
91-22-25003275 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
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Corporate Office : |
Off |
|
Tel. No.: |
91-2192-267768/ 69/ 70/ 325704 |
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Fax No.: |
91-2192-267698 |
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Factory 1 : |
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Tel. No.: |
91-2192-267768/69/70/325704 |
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Fax No.: |
91-2192-267698 |
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E-Mail : |
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Area : |
Owned |
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Branch Office/ Factory 2 : |
E/50, Industrial Focal Point, Dera Bassi, District : SAS Nagar,
Punjab-140201, |
|
Tel. No.: |
91-1762-283084/ 283389 |
|
Fax No.: |
91-1762-283810 |
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E-Mail : |
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Area : |
Owned |
DIRECTORS
As on: 25.09.2013
|
Name : |
Mr. Rehanapraveen Asif Chaudhary |
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Designation : |
Director |
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Address : |
B-14, Noor Manzil, L.B.S Marg, Kurla (West), Mumbai - 400070, Maharashtra, India |
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Date of Birth/Age : |
28.12.1976 |
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Date of Appointment : |
19.01.2012 |
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PAN No.: |
AENPC0540A |
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DIN No.: |
05116771 |
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Other Directorship:
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Name : |
Mr. Izazahemed Majibullah Chaudhary |
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Designation : |
Director |
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Address : |
Gayatri Nagar, Chhiri, Vapi, Valsad, Valsad-396191, Gujarat, India |
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Date of Birth/Age : |
01.03.1974 |
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Date of Appointment : |
19.01.2012 |
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PAN No.: |
ADNPC4425H |
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DIN No.: |
05120022 |
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KEY EXECUTIVES
|
Name : |
Mr. Zahir |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 25.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Izaz Ahemed M. Chaudhary |
|
21365 |
|
Rashid Iqbal S. Chaudhary |
|
176405 |
|
Rehanapraveen Asif Chaudhary |
|
19265 |
|
Juveria Asif Chaudhary |
|
19265 |
|
Mohd. Daniyal Asif Chaudhary |
|
19265 |
|
Mohd. Muzammil Asif Chaudhary |
|
12800 |
|
Khadija R. Chaudhary |
|
12800 |
|
Sara R. Chaudhary |
|
18000 |
|
Mohd. Ahmed Chaudhary |
|
18000 |
|
Mohd. Aszad Chaudhary |
|
21670 |
|
Ubaidullah S. Chaudhary |
|
280 |
|
Shafatali E. Chaudhary |
|
3640 |
|
Jannatunnisa Chaudhary |
|
10865 |
|
Mohd. Khalid S. Chaudhary |
|
1260 |
|
Sitara M.K. Chaudhary |
|
1400 |
|
Abdullah M.K. Chaudhary |
|
2240 |
|
Abdul Rehman M.K. Chaudhary |
|
1400 |
|
Harim M.K. Chaudhary |
|
1400 |
|
Sadia M.K. Chaudhary |
|
1400 |
|
Uzair M.K. Chaudhary |
|
1400 |
|
Ramesh V. Dhilla |
|
70 |
|
Kalpnik |
|
70 |
|
Mohd. Khalid Khan |
|
70 |
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Asif Kaleem Chaudhary |
|
20800 |
|
Blue Warehousing Private Limited, India |
|
12500 |
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Total |
|
510000 |
Equity Share Break up (Percentage of Total Equity)
As on: 25.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Drums and Containers used for paint Industries and
Pesticides |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
Colaba Branch, Malabar Mansion Volaba Branch, Colaba, Mumbai – 400039,
Maharashtra, India
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Facilities : |
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Financial Institution: |
City Corp Finance India Limited, 2nd Floor Citi Tower 61, Dr. S S Rao Road, Parel, Mumbai - 400012, Maharashtra, India |
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Auditors : |
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Name : |
Manesh Mehta and Company Chartered Accountant |
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Address : |
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Tel. No.: |
91-22-32448591/ 23464126 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAPM8177G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600,000 |
Equity Shares |
Rs.100/- each |
Rs. 60.000 Million |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
510,000 |
Equity Shares |
Rs.100/- each |
Rs. 51.000 Million |
|
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|
|
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 |
51.000 |
51.000 |
51.000 |
|
(b) Reserves & Surplus |
101.413 |
95.558 |
97.053 |
|
(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) |
152.413 |
146.558 |
148.053 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
12.945 |
0.397 |
1.772 |
|
(b) Deferred tax liabilities (Net) |
1.666 |
1.868 |
2.678 |
|
(c) Other long term
liabilities |
5.847 |
7.034 |
7.034 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
20.458 |
9.299 |
11.484 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
249.275 |
238.570 |
193.361 |
|
(b) Trade
payables |
88.517 |
129.340 |
98.444 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
4.734 |
2.641 |
7.988 |
|
Total Current
Liabilities (4) |
342.526 |
370.551 |
299.793 |
|
|
|
|
|
|
TOTAL |
515.397 |
526.408 |
459.330 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
54.808 |
49.424 |
50.156 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.695 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.002 |
0.002 |
0.002 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
56.505 |
49.426 |
50.158 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.797 |
0.734 |
1.273 |
|
(b)
Inventories |
217.130 |
210.678 |
212.092 |
|
(c) Trade
receivables |
190.378 |
217.751 |
157.396 |
|
(d) Cash
and cash equivalents |
9.853 |
5.852 |
9.769 |
|
(e)
Short-term loans and advances |
38.626 |
37.801 |
24.424 |
|
(f) Other current
assets |
2.108 |
4.166 |
4.218 |
|
Total
Current Assets |
458.892 |
476.982 |
409.172 |
|
|
|
|
|
|
TOTAL |
515.397 |
526.408 |
459.330 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
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Other Income |
|
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TOTAL |
NA |
NA |
NA
|
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|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA
|
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|
PROFIT BEFORE
TAX |
8.048 |
4.144 |
11.582 |
|
|
|
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|
|
|
|
Less |
TAX |
1.995 |
5.442 |
3.854 |
|
|
|
|
|
|
|
|
|
|
PROFIT (LOSS)
AFTER TAX |
6.053 |
(1.298) |
7.728 |
|
|
|
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|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
26.207 |
27.505 |
19.777 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
32.260 |
26.207 |
27.505 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.87 |
(2.55) |
15.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.57 |
0.79 |
2.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.03 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.72 |
1.63 |
1.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.29 |
1.36 |
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 |
51.000 |
51.000 |
51.000 |
|
Reserves & Surplus |
97.053 |
95.558 |
101.413 |
|
Net worth |
148.053 |
146.558 |
152.413 |
|
|
|
|
|
|
long-term borrowings |
1.772 |
0.397 |
12.945 |
|
Short term borrowings |
193.361 |
238.570 |
249.275 |
|
Total borrowings |
195.133 |
238.967 |
262.220 |
|
Debt/Equity ratio |
1.318 |
1.631 |
1.720 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
Note: Registered Office
of the company has been shifted from “23, Chhota Sonaopur, M.S. Ali Road,
Mumbai-400008, Maharashtra, India” to the present address w.e.f.01.03.2011.
UNSECURED LOAN
|
Particular |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
0.153 |
0.100 |
|
Loans and advances from directors |
11.981 |
0.297 |
|
Total |
12.134 |
0.397 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10518267 |
09/08/2014 |
2,100,000.00 |
Bombay Mercantile Co-operative Bank Limited |
COLABA BRANCH,
GARDEN ROAD, COLABA CAUSEWAY, OPPOSITE |
C19357672 |
|
2 |
10286920 |
18/04/2011 |
10,000,000.00 |
BANK OF INDIA |
D. N. ROAD BRANCH,
SADHANA RAYON BUILDING, D. N. |
B12882999 |
|
3 |
10005602 |
26/09/2014 * |
370,000,000.00 |
BANK OF INDIA |
D. N. ROAD BRANCH,
SADHANA RAYON BUILDING, D. N. |
C31172075 |
|
4 |
80042638 |
26/09/2014 * |
370,000,000.00 |
BANK OF INDIA |
D. N. ROAD BRANCH, SADHANA RAYON BUILDING, D. N. ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
C31169253 |
|
5 |
90152220 |
28/05/2004 |
750,943.00 |
CITY CORP FINANCE INDIA LIMITED |
2ND FLOOR CITI TOWER 61, DR S S RAO ROAD PAREL, MUMBAI -400012, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
- Land
- Building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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.62.20 |
|
|
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--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.