MIRA INFORM REPORT
|
Report No. : |
323908 |
|
Report Date : |
26.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ESTEEM INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot Nos. 76 and 77, Pissurlem Industrial Estate, Pissurlem, Sattari, Goa
- 403529 |
|
Tel. No.: |
91-832-6613228 / 6613287 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.12.2001 |
|
|
|
|
Com. Reg. No.: |
24-003056 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 50.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GA2001PTC003056 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRE01476G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE9474F |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Chemicals used in Textile Industry,
Leather Industry, etc. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (23) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having moderate track record. As per Registrar of companies the date of balance sheet i.e. financial
filed is shown as 31st March, 2014 but the documents related to
the financials for the year 2013 and 2014 are not available from any
barriers. The rating takes into consideration intense competitive pressures due
to fragmented industry structure and low entry barriers. However, financial position of the company seems to be decent during
2012. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be unknown. The company can be considered for business dealings on safe and
secured trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loans: BB+ (Suspended) |
|
Rating Explanation |
Have moderate risk of default. |
|
Date |
October, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits: A4+ (Suspended) |
|
Rating Explanation |
Have minimal degree of safety and carry very
high credit risk. |
|
Date |
October, 2013 |
Reason for Suspension: The suspension follows
ICRA inability to carry out a rating surveillance in the absence of the
requisite information from the company.
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 DENIED BY
|
Name : |
Mr. Ravi |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-832-66113228 |
|
Date : |
21.05.2015 |
LOCATIONS
|
Registered Office : |
Plot Nos. 76 and 77, Pissurlem Industrial Estate, Pissurlem, Sattari,
Goa – 403529, India |
|
Tel. No.: |
91-832-6613228 / 6613287 |
|
Fax No.: |
91-832-2362257 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Keki Pheroze Gandhi |
|
Designation : |
Director |
|
Address : |
1-2, H. No.19, Hari Niwas, Mathew Marg, Mumbai – 400004, Maharashtra,
India |
|
Date of Birth/Age : |
01.02.1937 |
|
Qualification : |
Graduation |
|
Date of Appointment : |
21.01.2002 |
|
DIN No.: |
00664567 |
|
PAN No.: |
AJQPG4864K |
|
|
|
|
Name : |
Amol Ashok Walke |
|
Designation : |
Director |
|
Address : |
Sushila D-29, Housing Board Colony, Mapusa, Bardez – 403507, Goa,
India |
|
Date of Birth/Age : |
31.10.1983 |
|
Qualification : |
PHD in Chemical |
|
Date of Appointment : |
21.01.2002 |
|
DIN No.: |
00664315 |
|
PAN No.: |
AAKPW7932R |
KEY EXECUTIVE
|
Name : |
Mr. Ravi |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Keki Gandhi |
125000 |
50.00 |
|
Anjali Walke |
112500 |
45.00 |
|
Amol Walke |
12500 |
5.00 |
|
|
|
|
|
Total |
250000 |
100.00 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Chemicals used in Textile Industry,
Leather Industry, etc. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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|
Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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|
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Terms : |
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Selling : |
Not Available |
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|
|
Purchasing : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Financial Institutions : |
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|
|
|
|
Auditors : |
|
|
Name : |
B Y and Associates Chartered Accountants |
|
Address : |
510-513, Apeejay House, 130, Mumbai Samachar Marg, Fort, Mumbai –
400023, Maharashtra, India |
|
PAN No.: |
AAFFB0462N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates [AS ON 31.03.2012]:: |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are
partners with Key management
personnel and their relatives [AS ON
31.03.2012]: |
Dyna Glycols Private Limited U24119MH2006PTC164262 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
300,000 |
Equity Shares |
Rs. 100/- each |
Rs. 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250,000 |
Equity Shares |
Rs. 100/-
each |
Rs. 25.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
25.000 |
25.000 |
|
(b) Reserves & Surplus |
|
249.831 |
196.677 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
274.831 |
221.677 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
135.179 |
77.390 |
|
(b) Deferred tax liabilities (Net) |
|
12.620 |
2.495 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
Long-term provisions |
|
59.902 |
42.901 |
|
Total
Non-current Liabilities (3) |
|
207.701 |
122.786 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
279.673 |
280.698 |
|
(b)
Trade payables |
|
281.588 |
223.218 |
|
(c)
Other current liabilities |
|
66.660 |
34.382 |
|
(d)
Short-term provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
|
627.921 |
538.298 |
|
|
|
|
|
|
TOTAL |
|
1110.453 |
882.761 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
250.180 |
196.581 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
13.477 |
8.458 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.025 |
0.025 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
63.086 |
59.395 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
326.768 |
264.459 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
145.693 |
109.298 |
|
(c)
Trade receivables |
|
474.993 |
338.096 |
|
(d)
Cash and cash equivalents |
|
53.157 |
49.046 |
|
(e)
Short-term loans and advances |
|
109.842 |
121.862 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
783.685 |
618.302 |
|
|
|
|
|
|
TOTAL |
|
1110.453 |
882.761 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
25.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
146.300 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
171.300 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
224.801 |
|
|
2] Unsecured Loans |
|
|
27.930 |
|
|
TOTAL BORROWING |
|
|
252.731 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
424.031 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
89.809 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.025 |
|
|
DEFERRED TAX ASSETS |
|
|
1.125 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
56.112 |
|
|
Sundry Debtors |
|
|
243.540 |
|
|
Cash & Bank Balances |
|
|
50.491 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
111.475 |
|
Total
Current Assets |
|
|
461.618 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
96.706 |
|
|
Other Current Liabilities |
|
|
0.439 |
|
|
Provisions |
|
|
31.401 |
|
Total
Current Liabilities |
|
|
128.546 |
|
|
Net Current Assets |
|
|
333.072 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
424.031 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Operation |
2003.097 |
1289.625 |
878.068 |
|
|
|
Other Income |
7.690 |
7.263 |
5.595 |
|
|
|
TOTAL (A) |
2010.787 |
1296.888 |
883.663 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
1185.373 |
701.755 |
|
|
|
Employees Remuneration |
|
|
21.358 |
|
|
|
Operating and Establishment Expenses |
|
|
70.286 |
|
|
|
Selling and Administrative Expenses |
|
|
8.473 |
|
|
|
TOTAL (B) |
1832.106 |
1185.373 |
801.872 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
178.681 |
112.368 |
81.791 |
|
|
|
|
|
|
|
|
|
|
INTEREST (D) |
71.518 |
44.582 |
42.274 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
107.163 |
67.786 |
39.517 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
27.885 |
13.935 |
9.118 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
79.278 |
53.851 |
30.399 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
26.125 |
15.120 |
13.258 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
53.153 |
37.878 |
17.141 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
184.178 |
146.300 |
129.159 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
237.331 |
184.178 |
146.300 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
212.61 |
151.51 |
68.57 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities of Long term debt |
46.329 |
17.033 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
2.65 |
2.94 |
1.95 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
8.92 |
8.65 |
9.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.23 |
6.16 |
5.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.24 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.51 |
1.62 |
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.15 |
3.59 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2011 |
31.03.2012 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
|
25.000 |
25.000 |
|
Reserves & Surplus |
|
196.677 |
249.831 |
|
Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Net worth |
|
221.677 |
274.831 |
|
|
|
|
|
|
long-term borrowings |
|
77.390 |
135.179 |
|
Short term borrowings |
|
280.698 |
279.673 |
|
Total borrowings |
|
358.088 |
414.852 |
|
Debt/Equity ratio |
|
1.615 |
1.509 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
878.068 |
1289.625 |
2003.097 |
|
|
|
46.871 |
55.324 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
878.068 |
1289.625 |
2003.097 |
|
Profit |
17.141 |
37.878 |
53.153 |
|
|
1.95% |
2.94% |
2.65% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10547286 |
16/01/2015 |
35,000,000.00 |
PYRAMID FINANCE PRIVATE LIMITED |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAM |
C42585703 |
|
2 |
10561407 |
23/12/2014 |
465,751.00 |
THE SARASWAT CO-OPERATIVE BANK LTD |
SHOP NO 8 & 9, SHETYE RESICOM,, BICHOLIM, GOA,
GO |
C49747918 |
|
3 |
10547306 |
14/11/2014 |
1,150,000.00 |
THE SARASWAT CO OP BANK LIMITED |
SHOP NO. 8 & 9, SHETYE RESICOM, BICHOLIM, GOA,
GO |
C42596817 |
|
4 |
10528001 |
31/10/2014 |
1,011,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C31404486 |
|
5 |
10540223 |
29/09/2014 |
2,384,244.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C39008669 |
|
6 |
10528954 |
24/09/2014 |
20,000,000.00 |
PYRAMID FINANCE PRIVATE LIMITED |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAM |
C31603079 |
|
7 |
10528256 |
20/06/2014 |
370,000,000.00 |
CANARA BANK |
NARAYAN BUILDING, II FLOOR, KURLA ANDHERI ROAD,, |
C25784182 |
|
8 |
10503243 |
03/06/2014 |
8,200,000.00 |
PYRAMID FINANCE PRIVATE LIMITED |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAM |
C06755896 |
|
9 |
10528328 |
22/05/2014 |
280,000,000.00 |
CANARA BANK |
NARAYAN BUILDING, II FLOOR, KURLA ANDHERI ROAD,, |
C26333260 |
|
10 |
10509730 |
28/03/2014 |
200,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD |
TRISTAR BUILDING, 2ND FLOOR,, EDC COMPLEX, PATTO |
C06261424 |
* Date of charge modification
UNSECURED LOANS
|
Unsecured
Loans |
31.03.2012 (Rs. in Million) |
31.03.2011 (Rs. in Million) |
|
LONG
TERM BORROWINGS |
|
|
|
Term
loans from Banks |
|
|
|
(a) HDFC Bank Limited, Terms of Repayment:
29 EMI s of Rs.0.071 million each @ ROI 16.50% |
1.067 |
0.000 |
|
(b) Kotak Mahindra Bank Limited, Terms of Repayment:
6 EMI s of Rs.0.293 million each and 8
EMI s of Rs.0.190 million each @ ROI
18.00% |
0.370 |
0.000 |
|
Loans and advances from related parties (Terms of Repayment have not been stipulated) |
20.805 |
21.568 |
|
Other
loans and advances |
|
|
|
From Other Parties |
|
|
|
Bajaj Finance Limited Terms of Repayment:
26 EMI s of Rs.0.075 million each @
ROI 15.10% |
0.962 |
0.000 |
|
Magma Fincorp Limited Terms of Repayment: 5
EMIs of Rs.0.153 million each, 12 EMIs
of Rs.0.131 million each and 12 EMIs
of Rs.0.080 million each @ ROI 17.61% |
1.404 |
0.000 |
|
Pyramid Finance Limited Terms of Repayment:
24 EMIs of Rs.0.222 million each @ ROI
15.50% |
3.336 |
0.000 |
|
Pyramid Finance Limited Terms of Repayment:
27 EMIs of Rs.0.278 million each @ ROI
15.75% |
3.334 |
0.000 |
|
Tata Capital Limited Terms of Repayment: 28
EMI s of Rs.0.122 million each @ ROI
15.50% |
1.761 |
0.000 |
|
|
|
|
|
SHORT
TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
32.718 |
28.103 |
|
Loans repayable on demand from others |
23.728 |
18.280 |
|
Total |
89.485 |
67.951 |
FIXED ASSETS
·
Land
·
Factory Buildings
·
Plant and Machinery
·
Computers
·
Furniture and Fixtures
·
Office Equipment
·
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 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. 63.62 |
|
|
1 |
Rs. 98.50 |
|
Euro |
1 |
Rs. 69.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--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 |
|
23 |
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.