MIRA INFORM REPORT
|
Report No. : |
348942 |
|
Report Date : |
18.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
VANITA AGROCHEM (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No.7, Kamgar Bank Building, Station
Road, Ichalkaranji - 416115, Kolhapur, Maharashtra |
|
Tel. No.: |
91-230-2375883/ 2439177/ 2430893/ 2434375 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.08.2003 |
|
|
|
|
Com. Reg. No.: |
11-018212 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24119PN2003PTC018212 |
|
|
|
|
IEC No.: |
3105008519 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCV7319M |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacturing and supplying of Fertilizers and related Chemicals, Water Treatment Equipments and Chemicals. |
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|
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 430000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Usually correct |
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|
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|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track. It was
incorporated in the year 2003 and is engaged in manufacturing and supplying
industrial and agro chemicals. For the financial year ended 2014. Company has reported growth in its
revenue profile by 44.15% as compared to its previous year which resulted to
increase in profit of the company recorded during a year under review. Further, rating also reflects company’s decent financial position with
good capital structure backed by its healthy net worth base along with
improved debt protection indicators. Moreover, rating also considers long standing experience of the
promoters in the specialty fertilizer and agro chemical industry. However, rating strengths are partially offset by risks susceptible to
agro climatic conditions, regulatory changes and foreign exchange
fluctuations in the market. Trade relations are fair. Business is active. Payments are reported to
be usually correct. In view of aforesaid, the company can be considered for business
dealings 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Bank Facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
September 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Bank Facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
September 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.
LOCATIONS
|
Registered Office : |
Shop No.7, Kamgar Bank Building, Station
Road, Ichalkaranji - 416115, Kolhapur, Maharashtra, India |
|
Tel. No.: |
91-230-2375883/ 2439177/ 2430893/ 2434375 |
|
Mobile No.: |
Not Available |
|
Fax No.: |
91-230-2322893/ 2436483 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Factory : |
Gat No. 1036 / 1037, At Post - Takawade, Taluka - Shirol, District - Kolhapur – 416 121, Maharashtra, India |
|
Tel. No.: |
91-230-6513066 91-2322-264224 |
|
Fax No.: |
91-2322-264224 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Netaji Prataprao Powar |
|
Designation : |
Managing Director |
|
Address : |
At Post Takawade , Taluka - Shirol, Kolhapur - 416103, Maharashtra, India |
|
Date of Birth/Age : |
08.12.1963 |
|
Date of Appointment : |
16.02.2012 |
|
DIN No.: |
00144545 |
|
|
|
|
Name : |
Rupali Santaji Powar |
|
Designation : |
Director |
|
Address : |
At Post Takawade, Takawade - 416103, Maharashtra, India |
|
Date of Birth/Age : |
08.06.1961 |
|
Date of Appointment : |
16.02.2012 |
|
DIN No.: |
00144545 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Netaji Prataprao Powar |
|
17500 |
|
Mrs. Vanita Netaji Powar |
|
1250 |
|
Mr. Santaji Prataprao Powar |
|
2500 |
|
Mr. Netaji Prataprao Powar (HUF) |
|
1250 |
|
Mrs. Rupali Santaji Powar |
|
2500 |
|
Total |
|
25000 |
%20PRIVATE%20LIMITED%20-%20348942%2018-Nov-2015_files/image013.gif)
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and supplying of
Fertilizers and related Chemicals, Water Treatment Equipments and Chemicals. |
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|
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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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Khire Khandekar And Kirloskar Chartered Accountants |
|
Address : |
1051, Madhav Nagar Road, North Shivajinagar, Sangli - 416416,
Maharashtra, India |
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PAN No.: |
AABFK5801G |
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Collaborators : |
Not Available |
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Membership : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000 |
Equity Shares |
Rs. 100/- each |
Rs. 3.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.500 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 |
2.500 |
2.500 |
2.500 |
|
(b) Reserves & Surplus |
150.830 |
98.464 |
68.817 |
|
(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) |
153.330 |
100.964 |
71.317 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
17.349 |
18.046 |
17.243 |
|
(b) Deferred tax liabilities (Net) |
6.983 |
7.633 |
0.433 |
|
(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) |
24.332 |
25.679 |
17.676 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
120.196 |
93.550 |
76.896 |
|
(b) Trade
payables |
50.796 |
33.162 |
37.639 |
|
(c) Other
current liabilities |
23.305 |
15.822 |
16.260 |
|
(d) Short-term
provisions |
32.616 |
17.775 |
9.489 |
|
Total Current
Liabilities (4) |
226.913 |
160.309 |
140.284 |
|
|
|
|
|
|
TOTAL |
404.575 |
286.952 |
229.277 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
64.443 |
64.215 |
45.297 |
|
(ii)
Intangible Assets |
0.328 |
0.345 |
0.058 |
|
(iii)
Capital work-in-progress |
0.373 |
1.166 |
10.484 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.016 |
0.016 |
0.016 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.795 |
7.649 |
5.011 |
|
(e) Other
Non-current assets |
0.132 |
0.902 |
0.686 |
|
Total Non-Current
Assets |
67.087 |
74.293 |
61.552 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
175.979 |
109.209 |
79.522 |
|
(c) Trade
receivables |
121.290 |
82.610 |
73.463 |
|
(d) Cash
and cash equivalents |
9.734 |
8.310 |
5.447 |
|
(e) Short-term
loans and advances |
5.358 |
7.059 |
5.297 |
|
(f) Other
current assets |
25.127 |
5.471 |
3.996 |
|
Total
Current Assets |
337.488 |
212.659 |
167.725 |
|
|
|
|
|
|
TOTAL |
404.575 |
286.952 |
229.277 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
934.550 |
648.320 |
585.936 |
|
|
|
Other Income |
0.249 |
(0.119) |
1.025 |
|
|
|
TOTAL SALES |
934.799 |
648.201 |
586.961 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Cost of Materials Consumed |
685.371 |
492.743 |
431.065 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(22.129) |
(25.372) |
0.308 |
|
|
|
Employees benefits expense |
57.369 |
42.093 |
36.141 |
|
|
|
Other expenses |
97.456 |
70.479 |
59.610 |
|
|
|
Exceptional Items |
(0.082) |
0.000 |
0.000 |
|
|
|
TOTAL EXPENSES |
817.985 |
579.943 |
527.124 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
116.814 |
68.258 |
59.837 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
21.485 |
17.828 |
19.176 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
95.329 |
50.430 |
40.661 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
10.162 |
7.153 |
7.058 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) |
85.167 |
43.277 |
33.603 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
28.800 |
11.630 |
12.134 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
56.367 |
31.647 |
21.469 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2254.68 |
1265.88 |
858.76 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
8.505 |
6.606 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Cash Flow generated From Operating Activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
6.03 |
4.88 |
3.66 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
12.50 |
10.53 |
10.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
21.07 |
15.14 |
15.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56 |
0.43 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.95 |
1.17 |
1.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49 |
1.33 |
1.20 |
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 |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
68.817 |
98.464 |
150.830 |
|
Net
worth |
71.317 |
100.964 |
153.330 |
|
|
|
|
|
|
long-term borrowings |
17.243 |
18.046 |
17.349 |
|
Short term borrowings |
76.896 |
93.550 |
120.196 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
0.000 |
6.606 |
8.505 |
|
Total
borrowings |
94.139 |
118.202 |
146.050 |
|
Debt/Equity ratio |
1.320 |
1.171 |
0.953 |
%20PRIVATE%20LIMITED%20-%20348942%2018-Nov-2015_files/image015.gif)
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 |
585.936 |
648.320 |
934.550 |
|
|
|
10.647 |
44.149 |
%20PRIVATE%20LIMITED%20-%20348942%2018-Nov-2015_files/image017.gif)
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
|
585.936 |
648.320 |
934.550 |
|
Profit |
21.469 |
31.647 |
56.367 |
|
|
3.66% |
4.88% |
6.03% |
%20PRIVATE%20LIMITED%20-%20348942%2018-Nov-2015_files/image019.gif)
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION:
VANITA AGROCHEM (INDIA) PRIVATE LIMITED is a private company
domiciled in India and incorporated under the provisions of the companies act,
1956. Company is manufacturing and sale of fertilizers and related Chemicals,
Water Treatment Equipments and Chemicals.
FUTURE OUTLOOK:
The company would continue to focus on enhancing growth in the development, while targeting to reduce its overall debt by cost optimization, process improvements and efficient management of working capital. The focus on execution in FY14-15 shall continue and result in substantial delivers in the coming years. This will lower the outstanding commitments of the company and help mitigate execution risks.
UNSECURED LOAN:
|
Particulars |
31.03.2014 Rs.
In Million |
31.03.2013 Rs.
In Million |
|
Long Term
Borrowings |
|
|
|
Term Loans From Bank |
1.884 |
0.797 |
|
Total |
1.884 |
0.797 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10537854 |
28/11/2014 * |
11,400,000.00 |
Bank of Maharashtra |
ICHALKARANJI
BRANCH,MAHENDRA PLAZA(PATIL BUILDING), STATION ROAD,NEAR S.T.STAND,
ICHALKARANJI, MAHARASHTRA - 416115, INDIA |
C39823687 |
|
2 |
10463782 |
25/10/2013 |
5,000,000.00 |
Bank of Maharashtra |
ICHALKARANJI
BRANCH,MAHENDRA PLAZA(PATIL BUILDING), STATION ROAD,NEAR S.T.STAND,
ICHALKARANJI, MAHARASHTRA - 416115, INDIA |
B90936568 |
|
3 |
10463322 |
28/11/2014 * |
20,000,000.00 |
Bank of Maharashtra |
ICHALKARANJI
BRANCH,MAHENDRA PLAZA(PATIL BUILDING), STATION ROAD,NEAR S.T.STAND,
ICHALKARANJI, MAHARASHTRA - 416115, INDIA |
C37607520 |
|
4 |
10439424 |
07/06/2013 |
669,000.00 |
MAHINDRA AND MAHINDRA FINANCIAL
SERVICES LIMITED |
GATEWAY BUILDING, APOLLO
BUNDER, MUMBAI, MAHARASHTRA - 400001, INDIA |
B80579949 |
|
5 |
10405808 |
24/01/2013 |
10,000,000.00 |
Bank of Maharashtra |
ICHALKARANJI BRANCH,
KOLHAPUR, MAHARASHTRA - 416115, INDIA |
B68848662 |
|
6 |
10408329 |
15/01/2013 |
645,000.00 |
MAHINDRA AND MAHINDRA
FINANCIAL SERVICES LIMITED |
GATEWAY BUILDING, APOLLO
BUNDER,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B69732519 |
|
7 |
10388607 |
23/10/2012 |
989,000.00 |
Corporation Bank |
AT POST TAKAWADE, TALUKA
SHIROL, KOLHAPUR, MAHARASHTRA - 416121, INDIA |
B62817531 |
|
8 |
10284021 |
11/03/2011 |
12,132,000.00 |
Bank of Maharashtra |
ICHALKARANJI BRANCH,
KOLHAPUR, MAHARASHTRA - 416115, INDIA |
B11885936 |
|
9 |
80037713 |
28/11/2014 * |
200,000,000.00 |
Bank of Maharashtra |
ICHALKARANJI
BRANCH,MAHENDRA PLAZA(PATIL BUILDING) |
C37606332 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 records 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. 66.35 |
|
|
1 |
Rs. 100.28 |
|
Euro |
1 |
Rs. 71.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
SYL |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
49 |
This score serves as
a reference to assess SC’s credit risk and to set the amount of credit to be extended.
It is calculated from a composite of weighted scores obtained from each of the
major sections of this report. The assessed factors and their relative weights
(as indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.