MIRA INFORM REPORT
|
Report No. : |
350238 |
|
Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
KHOSLA PROFIL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. III, Gut No. 140, 141, Village Kudus, Taluka Wada, Thane –
421312, Maharashtra |
|
Tel. No.: |
91-22-30613061 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.04.1989 |
|
|
|
|
Com. Reg. No.: |
11-051429 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.21.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1989PTC051429 |
|
|
|
|
IEC No.: |
0395018382 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMK11480A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK1791K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Industrial Fabrics and
Filter Fabrics. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having satisfactory track. The management has failed to file its financials to the government
department for the year 2014. However, from the indirect source we found that
subject has achieved sales turnover of Rs.1222 million and net profit of
Rs.36.3 million in FY14. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with usual trade terms and conditions. (NOTE: Partial information has been taken from indirect source i.e.
CARE Ratings) |
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 |
CARE |
|
Rating |
Long term bank facilities= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
18.03.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities= A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
18.03.2015 |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Lingaraj Mishra |
|
Designation : |
Senior General Manager- Finance |
|
Contact No.: |
91-22-30613061 |
|
Date : |
16.11.2015 |
LOCATIONS
|
Registered Office : |
Unit No. III, Gut No. 140, 141, Village Kudus, Taluka Wada, Thane –
421312, Maharashtra, India |
|
Tel. No.: |
91-22-30613061 |
|
Mobile No.: |
91-9004615506 (Mr. Mishra) |
|
Fax No.: |
91-22-30613062 |
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E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Head Office : |
A Wing, 6th floor, Laxmi Towers, Behind ICICI Bank, Bandra Kurla
Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-30613061/3054 |
|
Fax No.: |
91-22-30613062 |
|
|
|
|
Factory : |
Gut No.201, Village Khupari, Taluka Wada, Thane,
Maharashtra, India |
|
Tel. No.: |
91-22-30613061 |
|
Fax No.: |
91-22-30613062 |
|
|
|
|
Branches : |
· 1048, Munusamy Salai, K.K. Nagar (West), Chennai – 600078, Tamilnadu, India · 510, Vikas Deep, Plot No.18, Laxmi Nagar District Centre, Vikas Marg, Delhi – 110092, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Pramod Vedprakash Khosla |
|
Designation : |
Managing Director |
|
Address : |
501, Flora Apartments, 9th Road, Near Almeda Park, Bandra (West), Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
04.09.1955 |
|
Date of Appointment : |
27.11.2001 |
|
DIN No.: |
00001627 |
|
|
|
|
Name : |
Mr. Susham Pramod Khosla |
|
Designation : |
Director |
|
Address : |
501, Flora Apartments, 9th Road, Near Almeda Park, Bandra (West), Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
04.06.1959 |
|
Date of Appointment : |
01.10.1990 |
|
DIN No.: |
00001629 |
|
|
|
|
Name : |
Mr. Rahul Vippan Bajaj |
|
Designation : |
Additional Director |
|
Address : |
11, Bajaj Bhavan, 18/5, R. S. Kidwai Road, Wadala, Mumbai – 400031, Maharashtra, India |
|
Date of Appointment : |
07.04.2014 |
|
DIN No.: |
00987841 |
KEY EXECUTIVES
|
Name : |
Mr. Lingaraj Mishra |
|
Designation : |
Senior General Manager- Finance |
|
|
|
|
Name : |
Mrs. Rajshree |
|
Designation : |
Office Assistant |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Equity Shareholders |
No. of Shares |
|
Pramod Vedprakash Khosla |
151000 |
|
Susham Pramod Khosla |
230595 |
|
Pramod Vedprakash Khosla HUF |
165005 |
|
Raj Kumar Khosla |
32500 |
|
Priyanka R Bajaj |
17325 |
|
Himani Khosla |
17325 |
|
Khosla Investment Private Limited |
480000 |
|
Chaitanya Khosla |
4000 |
|
Ved Prakash Khosla-HUF |
52250 |
|
|
|
|
Total |
1150000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Pramod Vedprakash Khosla |
125600 |
|
Susham Pramod Khosla |
94400 |
|
Pramod Vedprakash Khosla HUF |
60000 |
|
Purity Textile Private Limited |
720000 |
|
|
|
|
Total |
1000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
42.00 |
|
Directors or relatives of Directors |
58.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Industrial Fabrics
and Filter Fabrics. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
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|
Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
400 (Approximately) |
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Bankers : |
·
NKGSB
Cooperation Bank Limited, Jagruti, L J Road, Mahim (West), Mumbai – 400016,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||
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Facilities : |
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|
Auditors : |
|
|
Name : |
Bhuchar and Chandak Chartered Accountant |
|
Address : |
A 1, Silverline, J.B. Nagar, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Tel. No.: |
91-22-8373162/28348138/28235332 |
|
Fax No.: |
91-22-8202830 |
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E-Mail : |
|
|
PAN No.: |
AAAFB0175H |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Membership : |
-- |
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|
|
|
Other related parties where control exists : |
|
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
Rs.10/- each |
Rs.90.000 Million |
|
1000000 |
Preference Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1150000 |
Equity Shares |
Rs.10/- each |
Rs.11.500 Million |
|
1000000 |
Preference Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.21.500
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 |
21.500 |
21.500 |
21.500 |
|
(b) Reserves & Surplus |
172.279 |
169.449 |
144.868 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
12.500 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
206.279 |
190.949 |
166.368 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
166.668 |
184.056 |
182.841 |
|
(b) Deferred tax liabilities (Net) |
18.218 |
19.536 |
0.000 |
|
(c) Other long term
liabilities |
13.364 |
8.973 |
4.362 |
|
(d) long-term
provisions |
0.000 |
0.000 |
18.128 |
|
Total Non-current Liabilities
(3) |
198.250 |
212.565 |
205.331 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
316.069 |
259.971 |
183.882 |
|
(b) Trade
payables |
135.292 |
73.470 |
131.784 |
|
(c) Other
current liabilities |
18.491 |
29.016 |
26.018 |
|
(d) Short-term
provisions |
1.453 |
4.126 |
4.140 |
|
Total Current
Liabilities (4) |
471.305 |
366.583 |
345.824 |
|
|
|
|
|
|
TOTAL |
875.834 |
770.097 |
717.523 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
292.321 |
278.348 |
237.037 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
3.371 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.076 |
0.076 |
5.076 |
|
(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 |
292.397 |
278.424 |
245.484 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
198.825 |
5.000 |
177.692 |
|
(c) Trade
receivables |
272.629 |
191.468 |
164.980 |
|
(d) Cash
and cash equivalents |
15.640 |
206.621 |
15.264 |
|
(e)
Short-term loans and advances |
96.343 |
15.238 |
114.103 |
|
(f) Other
current assets |
0.000 |
73.346 |
0.000 |
|
Total
Current Assets |
583.437 |
491.673 |
472.039 |
|
|
|
|
|
|
TOTAL |
875.834 |
770.097 |
717.523 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
982.730 |
866.020 |
714.711 |
|
|
|
|
Other Income |
2.344 |
2.809 |
NA |
|
|
|
|
TOTAL (A) |
985.074 |
868.829 |
NA |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
489.994 |
469.707 |
|
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
3.708 |
(23.815) |
|
|
|
|
|
Employee Benefits Expenses |
84.949 |
71.839 |
|
|
|
|
|
Other Expenses |
241.667 |
208.254 |
|
|
|
|
|
TOTAL (B) |
820.318 |
725.985 |
NA |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
164.756 |
142.844 |
113.982 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
110.428 |
62.516 |
34.717 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
54.328 |
80.328 |
79.265 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
46.756 |
40.268 |
34.258 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
7.572 |
40.060 |
45.007 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
2.562 |
10.625 |
11.477 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
5.010 |
29.435 |
33.530 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN FOREIGN
CURRENCY ON FOB |
629.683 |
507.217 |
NA |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
27.482 |
5.916 |
NA |
|
|
|
|
Stores & Spares |
6.442 |
7.965 |
NA |
|
|
|
|
Capital Goods |
19.130 |
59.124 |
NA |
|
|
|
TOTAL IMPORTS |
53.054 |
73.005 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
4.36 |
25.60 |
15.60 |
||
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Sales Turnover |
|
1200.000 (Approximately) |
1222.000 |
|
|
|
|
|
|
Net Profit |
|
NA |
36.300 |
Expected Sales (2015-2016): Rs.1400.000 million
The above information has been parted by Mr. Linaraj
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT / Sales |
(%) |
0.51 |
3.40 |
4.69 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
16.77 |
16.49 |
15.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
0.86 |
5.20 |
6.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.21 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.34 |
2.33 |
2.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.34 |
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 |
21.500 |
21.500 |
21.500 |
|
Reserves & Surplus |
144.868 |
169.449 |
172.279 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
12.500 |
|
Net
worth |
166.368 |
190.949 |
206.279 |
|
|
|
|
|
|
long-term borrowings |
182.841 |
184.056 |
166.668 |
|
Short term borrowings |
183.882 |
259.971 |
316.069 |
|
Total
borrowings |
366.723 |
444.027 |
482.737 |
|
Debt/Equity
ratio |
2.204 |
2.325 |
2.340 |
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 |
714.711 |
866.020 |
982.730 |
|
|
|
21.171 |
13.477 |
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
|
714.711 |
866.020 |
982.730 |
|
Profit |
33.530 |
29.435 |
5.010 |
|
|
4.69% |
3.40% |
0.51% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Million |
31.03.2012 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Loans from
shareholders |
13.965 |
23.718 |
|
From directors |
0.000 |
1.521 |
|
Sales Tax
Deferred Payments |
35.653 |
36.156 |
|
State Bank of India,
Tokyo |
3.542 |
0.000 |
|
Cnara Bank,
London |
0.000 |
49.183 |
|
|
|
|
|
Total |
53.160 |
110.578 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10009166 |
08/06/2006 |
1,780,000.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, , CHENNAI, TAMIL NADU - 600002, INDIA |
A02069433 |
|
2 |
10016098 |
05/05/2006 |
466,000.00 |
SUNDARAM FINANCE LTD |
NO.21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
A01113224 |
|
3 |
90151667 |
28/09/2005 |
900,000.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 60002, INDIA |
- |
|
4 |
90151562 |
06/12/2002 |
877,250.00 |
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, TAMIL NADU - 600002, INDIA |
- |
|
5 |
90149797 |
11/01/2001 |
31,000,000.00 |
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI, MAHARASHTRA - 400038, INDIA |
- |
|
6 |
90149772 |
06/04/2000 |
31,000,000.00 |
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI, MAHARASHTRA - 400038, INDIA |
- |
|
7 |
90152019 |
17/02/2000 |
482,000.00 |
THE N K G S B CO OP BANK LTD |
MAROL MAROSHI BRNACH, MAROL MAROSHI ROAD ANDHERIE, MUMBAI, MAHARASHTRA - 400069, INDIA |
- |
|
8 |
90150754 |
08/09/2003 * |
20,582,000.00 |
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI, MAHARASHTRA - 400038, INDIA |
- |
|
9 |
90152015 |
06/04/2000 * |
20,582,000.00 |
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI, MAHARASHTRA - 400038, INDIA |
- |
|
10 |
90152002 |
26/10/1999 |
600,000.00 |
THE N K G S B CO OP BANK LTD |
MAROL MAROSHI BRANCH, MUMBAI, MAHARASHTRA - 400069, INDIA |
- |
|
11 |
90150476 |
18/03/1998 * |
26,500,000.00 |
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI, MAHARASHTRA - 400038, INDIA |
- |
|
12 |
90151903 |
23/03/1999 * |
36,500,000.00 |
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI, MAHARASHTRA - 400038, INDIA |
- |
|
13 |
90151423 |
26/09/1995 |
10,000,000.00 |
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI, MAHARASHTRA - 400038, INDIA |
- |
|
14 |
90151845 |
01/08/2014 * |
749,500,000.00 |
CENTRAL BANK OF INDIA |
M.G.
ROAD, MUMBAI, MAHARASHTRA - |
C19680495 |
|
15 |
90151420 |
07/05/1995 |
19,000,000.00 |
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI, MAHARASHTRA - 400038, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
·
Leasehold land
·
Freehold land and building (Wada)
·
Factory building
·
Plant and machinery
·
Factory Equipments
·
Electrical Fittings
·
Office Equipments
·
Computer
·
Furniture and fixtures
·
Vehicle
·
Residential flat At Kudus
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.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
4 |
|
--PROFITABILITY |
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 |
|
44 |
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.