MIRA INFORM REPORT
|
Report No. : |
344102 |
|
Report Date : |
09.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SANKET PAN-MASALA INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
4088/06, Mantha Road – Nath Nagar, Jalna – 431203, Maharashtra |
|
Tel. No.: |
91-2482-243234 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 (Provisional) |
|
|
|
|
Date of
Incorporation : |
21.10.1994 |
|
|
|
|
Com. Reg. No.: |
11-082260 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.422 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1994PLC082260 |
|
|
|
|
IEC No.: |
3114000371 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP6719M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing of Pan Masala and Cigarettes. |
|
|
|
|
No. of Employees
: |
50 (Approximately) [In Office : 5, In Branch : 2, In Factory: 43] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (19) |
|
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 |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1994 and it is having a moderate
track record. From the financial for the FY-2014, the company has not earned income
from its operations and incurred some minimal pre-operating expenses. Mr. Rajesh Jain, Finance Manager of the company claimed that company
has received trading income of Rs. 0.162 million and loss of Rs. 154 during
FY-14. Further he informed that the company has started its operation from
October 2015. As per the provisional financials for the year 2015, the company has
sales turnover of Rs. 12.800 million and net profit of Rs. 2.200 million. The
provisional financials are provided for your mere reference and it is not
been verified. As per status in the Registrar of Company business is active. Payment terms
are unknown. In a view of aforesaid, the company can be considered for business
dealings with safe and secure 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 : |
Rajesh Jain |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9594749999 |
|
Date : |
07.10.2015 |
LOCATIONS
|
Registered Office : |
4088/06, Mantha Road – Nath Nagar, Jalna – 431203, Maharashtra, India |
|
Tel. No.: |
91-2482-243234 |
|
Mobile No.: |
91-9594749999 (Rajesh Jain) |
|
Fax No.: |
91-2482-243234 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Gut No. 186, Dawalwadi, Taluka Badnapur, District Jalna – 431203,
Maharashtra, India |
|
Tel. No.: |
91-2482-234234 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
8/62, 1st Floor, Sahyog Society, Old Anand Nagar, Service
Road, Santacruz (East), Mumbai – 400055, Maharashtra, India |
|
E-Mail : |
|
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Vinay Navinchandra Shah |
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|
Designation : |
Additional Director |
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|
Address : |
Swapna Building, Sumeru Vihar,, Near Old RTO Office, Jalna – 431203, Maharashtra, India |
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Date of Birth/Age : |
21.07.1968 |
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Qualification : |
H.S.C. |
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Experience : |
25 Years |
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Date of Appointment : |
07.12.2013 |
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DIN No.: |
02622479 |
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Other Directorship :
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Name : |
Amol Jayprakash Deshmukh |
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|
Designation : |
Additional Director |
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|
Address : |
Siddhakala Building At Kanchan Nagar, Ambad Road Old Jalna – 431203, Maharashtra, India |
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|
Date of Birth/Age : |
07.10.1979 |
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|
Qualification : |
B. SC |
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|
Experience : |
18 Years |
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|
Date of Appointment : |
03.05.2014 |
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|
DIN No.: |
06459247 |
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|
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|
Name : |
Hardikkumar Bharatkumar Shah |
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Designation : |
Additional Director |
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|
Address : |
Chandra Niwas App Amit Apartment, Devalgaon Raja Road, Jalna – 431203, Maharashtra, India |
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Date of Birth/Age : |
16.02.1981 |
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Qualification : |
B.Com |
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|
Experience : |
14 Years |
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|
Date of Appointment : |
13.02.2015 |
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|
DIN No.: |
06458199 |
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KEY EXECUTIVES
|
Name : |
Rajesh Jain |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ketan Vinodkumar Shah |
|
60200 |
|
Radhika Ketan Shah |
|
274500 |
|
Mrudula Vinodkumar Shah |
|
144200 |
|
Sanjay Vinodkumar Shah |
|
51100 |
|
Mayura Sanjay Shah |
|
30500 |
|
Sameera Parag Dani |
|
500 |
|
Ketan Vinodkumar Shah (HUF) |
|
60600 |
|
Sanjay Vinodkumar Shah (HUF) |
|
60200 |
|
Vinodkumar Ramanlal Shah (HUF) |
|
60400 |
|
|
|
|
|
Total |
|
742200 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
76.00 |
|
Other top fifty shareholders |
24.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Pan Masala and Cigarettes. |
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|
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Products : |
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|
|
|
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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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|
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Imports : |
Not Divulged |
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|
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Terms : |
|
|
Selling : |
Cash, L/C and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash, L/C and Credit (30 days) |
PRODUCTION STATUS
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Pan Masala |
-- |
-- |
792000 Cases |
20 % in First
year |
|
Cigarettes |
-- |
-- |
212000 Cases |
20 % in First
year |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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Customers : |
Not Divulged
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No. of Employees : |
50 (Approximately) [In Office : 5, In Branch : 2, In Factory: 43] |
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Bankers : |
|
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Auditors : |
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|
Name : |
CNA and Associates Chartered Accountants |
|
Address : |
122, Shivaji Sankul, Near Surya Hotel, Devalgaon Raja Road, Jalna –
431203, Maharashtra, India |
|
PAN No.: |
AAFGN4072K |
|
|
|
|
Name : |
Nitin Totla and Associates Chartered Accountants |
|
Address : |
Shrinivas, Plot No – 30, Near Hotel Amit, Dr. R. P. Road, Jalna –
431203, Maharashtra, India |
|
Tel. No.: |
91-2482-238296 |
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E-Mail: |
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|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concern : |
Address:
232,
Building No. 2, Solitare Corporate Park, Guru Hargovindji Marg,
Andheri-Ghatkoper Link Road, Andheri, Mumbai – 400093, Maharashtra, India Line
of Business: Manufacturing and Trading of Tobacco and Food Products.
Address: Plot No
4088/06, Nath Nagar, Mantha Road, Taluka Badnapur, District Jalna – 431203,
Maharashtra, India Line
of Business: Manufacturing and Trading of Tobacco and Food Products. |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
742200 |
Equity Shares |
Rs.10/- each |
Rs. 7.422
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2015 (PROVISIONAL) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
7.422 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2.546 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
9.968 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
17.121 |
|
|
TOTAL BORROWING |
|
|
17.121 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
27.089 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
9.894 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
9.938
|
|
|
Sundry Debtors |
|
|
10.410
|
|
|
Cash & Bank Balances |
|
|
0.593
|
|
|
Other Current Assets |
|
|
0.025
|
|
|
Loans & Advances |
|
|
0.425
|
|
Total
Current Assets |
|
|
21.391
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000
|
|
|
Other Current Liabilities |
|
|
3.942
|
|
|
Provisions |
|
|
0.254
|
|
Total
Current Liabilities |
|
|
4.196
|
|
|
Net Current Assets |
|
|
17.195
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
27.089 |
|
z
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
7.422 |
7.422 |
|
(b) Reserves & Surplus |
|
0.326 |
0.326 |
|
(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) |
|
7.748 |
7.748 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
0.000 |
0.000 |
|
(c) Other current
liabilities |
|
1.659 |
1.205 |
|
(d) Short-term
provisions |
|
0.022 |
0.049 |
|
Total Current
Liabilities (4) |
|
1.681 |
1.254 |
|
|
|
|
|
|
TOTAL |
|
9.429 |
9.002 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
8.013 |
8.014 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.311 |
0.000 |
|
Total Non-Current
Assets |
|
8.324 |
8.014 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
|
0.113 |
0.158 |
|
(e) Short-term
loans and advances |
|
0.992 |
0.830 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
1.105 |
0.988 |
|
|
|
|
|
|
TOTAL |
|
9.429 |
9.002 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 (PROVISIONAL) |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
12.800 |
0.000 |
0.000 |
|
|
Other Income |
0.000 |
0.162 |
0.162 |
|
|
TOTAL |
12.800 |
0.162 |
0.162 |
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
Administrative expense |
|
0.000 |
0.000 |
|
|
Other expenses |
|
0.155 |
0.053 |
|
|
TOTAL |
10.600 |
0.155 |
0.053 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
Including |
0.007 |
0.109 |
|
|
|
Financial |
|
|
|
Less |
FINANCIAL EXPENSES |
And |
0.007 |
0.000 |
|
|
|
Depreciation |
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
Expenses |
0.000 |
0.109 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.200 |
0.000 |
0.109 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.072 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.200 |
0.000 |
0.037 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
18.000 |
NA |
NA |
|
|
TOTAL IMPORTS |
18.000 |
NA |
NA |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
24.25 |
8.18 |
0.05 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 (PROVISIONAL) |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 (PROVISIONAL) |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
17.19
|
0.00 |
22.84 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA
|
67.28 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.79
|
0.00 |
1.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.00 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.72
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.10
|
0.66 |
0.79 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
7.422 |
7.422 |
7.422 |
|
Reserves & Surplus |
0.326 |
0.326 |
2.456 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
7.748 |
7.748 |
9.878 |
|
|
|
|
|
|
Unsecured |
0.000 |
0.000 |
17.121 |
|
Total
borrowings |
0.000 |
0.000 |
17.121 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
1.733 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
0.162 |
0.162 |
12.800 |
|
|
|
0.000 |
7,801.235 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
0.162 |
0.162 |
12.800 |
|
Profit |
0.037 |
0.000 |
2.200 |
|
|
22.84% |
0.00% |
17.19% |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
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 |
NOTE: Registered office of the company has been shifted from 1-28-43 Rachna, Dev Murti Road, Near Civil Club, Jalna – 431203, Maharashtra, India to the present address w.e.f. 07.12.2013
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 65.26 |
|
UK Pound |
1 |
Rs. 99.53 |
|
Euro |
1 |
Rs. 73.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
19 |
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.