MIRA INFORM REPORT
|
Report No. : |
346724 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SABEENA FABRICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1, Apurva Industrial Estate, Makwana Road, Marol, Andheri
(East), Mumbai – 400059, Maharashtra |
|
Tel No: |
91-22-28501778/28508696 |
|
|
|
|
Country : |
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|
|
|
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Financials (as
on) : |
31.03.2014 |
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|
|
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Date of
Incorporation : |
29.09.1993 |
|
|
|
|
Com. Reg. No.: |
11-074228 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.11.036 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17100MH1993PTC074228 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS24412D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS6272K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of grey cloths. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
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|
Comments : |
Subject was incorporated on 29th September, 1993. It is
engaged business of manufacturing of grey cloths. It has satisfactory track
record. There is dip in the profit of the company during FY2014. However, the
company possesses a decent profile marked by adequate networth base along
with fair liquidity and increased in cash level. However, trade relations are to be fair. Business is active. Payment
are reported to be slow but correct. The company can be considered for business dealing 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
SE 2B |
|
Rating Explanation |
Moderate financial strength and high
performance capability |
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 (GENGERAL DETAILS)
|
Name : |
Mr. Vijay |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-28501778 |
|
Date : |
23.10.2015 |
LOCATIONS
|
Registered Office : |
1 Apurva Industrial Estate, Makwana Road, Marol, Mumbai –
400059, Maharashtra, India |
|
Tel. No.: |
91-22-28501778 / 28508696 |
|
Mobile No.: |
91-9821038512 (Mr. Abbas Ladak) |
|
Fax No.: |
91-22-28508012 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
A-1/214, 2-1 GIDC, Umergaon – 396171, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sadik Badruddin Ladak |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
403, Kiran Towers, 45, Nurgis Dutt Road, Bandra (West) Khar, Mumba -
400050, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.02.1943 |
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|
Date of Appointment : |
29.09.1993 |
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|
DIN No.: |
02093513 |
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|
|||||||||||||||||||||||||||
|
Name : |
Mr. Asgar Badruddin Ladak |
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|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
62 Golden Corner, 29th Road, Pali Naka, Bandra (West),
Mumbai - 400050, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.11.1948 |
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|
Date of Appointment : |
29.09.1993 |
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DIN No.: |
02089982 |
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|
|||||||||||||||||||||||||||
|
Name : |
Mr. Shabbir Sadik Ladak |
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|
Designation : |
Additional Director |
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|
Address : |
403, Kiran Towers, 45 Pali Hill, Nargis Dutt Road, Bandra (West), Mumbai - 400050, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Appointment : |
15.02.2015 |
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DIN No.: |
06999148 |
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Other Directorship:
|
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|||||||||||||||||||||||||||
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Name : |
Mr. Ladak Abbas Asgar |
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Designation : |
Additional Director |
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|
Address : |
1102, Harmony Building, 11th Floor, Sherly Rajan Road, Bandra (West), Mumbai - 400050, Maharashtra, India |
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|
Date of Appointment : |
15.02.2015 |
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DIN No.: |
07059509 |
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KEY EXECUTIVES
|
Name : |
Mr. Vijay |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sadik B. Ladak Joint Name Shabnam S. Ladak |
|
141845 |
|
Sameer S. Ladak Joint Name Shabnam S. Ladak |
|
16650 |
|
Sameer S. Ladak Joint Name Shabnam S. Ladak |
|
33920 |
|
Shabnam S. Ladak Joint Name Sadik B. Ladak |
|
28166 |
|
Asgar B. Ladak Joint Name Ismat A. Ladak |
|
110100 |
|
Abbas A. Ladak Joint Name Asgar B. Ladak |
|
7200 |
|
Ismat A. Ladak Joint Name Asgar B. Ladak |
|
93200 |
|
Sabeena A. Ladak Joint Name Asgar B. Ladak |
|
4150 |
|
Imran A. Ladak Joint Name Ismat A. Ladak |
|
6000 |
|
Sunila A. Thaker |
|
184768 |
|
Kashmal A. Thaker Joint Name Aashish I. Thaker |
|
21370 |
|
Ranjita Kashmal Thaker Joint Name Kashmal A. Thaker |
|
14736 |
|
Sultan R. Ismail Joint Name Sadik B. Ladak |
|
220846 |
|
Aziz G. Hussian Joint Name Shenaz A. Hussian |
|
146500 |
|
Shenaz A. Hussian Joint Name Aziz G. Hussian |
|
74137 |
|
Asha R. Arya Joint Name Raymond Paul Rodricks |
|
2 |
|
Ashraf S. Dhala Joint Name Salim Dhala |
|
2 |
|
Azim Dhala Joint Name Salim Dhala |
|
1 |
|
Constellation Consultancy Services, India |
|
1 |
|
Schwin Investments Entreprenuer, India |
|
1 |
|
Vijay G. Mehra Joint Name Neelu Mehra |
|
1 |
|
Mukta N. Mehta |
|
1 |
|
Total |
|
1103597 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of grey cloths. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Madhvi Vora and Associates Chartered Accountants |
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Address : |
508, Surat Sadan, Surat Street, Masjid Bunder, Mumbai – 400009,
Maharashtra, India |
|
PAN No.: |
AAAPV7576L |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs.10/- each |
Rs.12.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1103597 |
Equity Shares |
Rs.10/- each |
Rs.11.036 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
11.036 |
11.036 |
11.036 |
|
(b) Reserves & Surplus |
35.708 |
30.794 |
24.928 |
|
(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) |
46.744 |
41.830 |
35.964 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
18.769 |
21.602 |
14.520 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
18.769 |
21.602 |
14.520 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
32.332 |
22.999 |
26.536 |
|
(b) Trade
payables |
60.779 |
50.091 |
29.244 |
|
(c) Other
current liabilities |
25.276 |
3.945 |
3.292 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
1.064 |
|
Total Current
Liabilities (4) |
118.387 |
77.035 |
60.136 |
|
|
|
|
|
|
TOTAL |
183.900 |
140.467 |
110.620 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
17.434 |
7.239 |
8.292 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
2.210 |
9.324 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.058 |
0.058 |
0.058 |
|
(c) Deferred tax assets (net) |
2.014 |
1.957 |
2.029 |
|
(d) Long-term Loan and Advances |
1.183 |
2.176 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
22.899 |
20.754 |
10.379 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
74.547 |
51.694 |
48.731 |
|
(c) Trade
receivables |
79.134 |
61.271 |
42.697 |
|
(d) Cash
and cash equivalents |
2.191 |
0.593 |
0.585 |
|
(e)
Short-term loans and advances |
5.129 |
6.155 |
8.228 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
161.001 |
119.713 |
100.241 |
|
|
|
|
|
|
TOTAL |
183.900 |
140.467 |
110.620 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
263.456 |
218.283 |
|
|
|
|
Other Income |
3.605 |
3.995 |
|
|
|
|
TOTAL |
267.061 |
222.278 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
259.950 |
215.884 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
7.111 |
6.394 |
5.812 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.197 |
0.528 |
1.770 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX) |
4.914 |
5.866 |
4.042 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
3.659 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.45 |
0.53 |
NA
|
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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 |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.84 |
2.64 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.70
|
2.69 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.96 |
4.95 |
5.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.15 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.09 |
1.07 |
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.55 |
1.67 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
11.036 |
11.036 |
11.036 |
|
Reserves & Surplus |
24.928 |
30.794 |
35.708 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
35.964 |
41.830 |
46.744 |
|
|
|
|
|
|
Long Term borrowings |
14.520 |
21.602 |
18.769 |
|
Short Term borrowings |
26.536 |
22.999 |
32.332 |
|
Total
borrowings |
41.056 |
44.601 |
51.101 |
|
Debt/Equity
ratio |
1.142 |
1.066 |
1.093 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales |
|
218.283 |
263.456 |
|
|
|
|
20.695 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2013 |
31.03.2014 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales
|
|
218.283 |
263.456 |
|
Profit |
|
5.866 |
4.914 |
|
|
|
2.69% |
1.87% |
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 |
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 two 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and Advances from related parties |
11.675 |
12.795 |
|
Loans and Advances from others |
2.000 |
2.545 |
|
Total |
13.675 |
15.340 |
GENERAL
INFORMATION
Subject is a private limited company domiciled in India and incorporated under the provisions of Indian Companies Act, 1956. The company is registered as a “Manufacturing Industry.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10504259 |
05/06/2014 |
8,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 & 602, PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI - 400013,, MAHARASHTRA INDIA |
C07380058 |
|
2 |
10451535 |
24/09/2013 |
4,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 & 602, PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI - 400013,, MAHARASHTRA INDIA |
B85936094 |
|
3 |
10399943 |
13/06/2014 * |
25,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 & 602, PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI - 400013,, MAHARASHTRA INDIA |
C07447287 |
|
4 |
10369839 |
30/07/2012 |
6,500,000.00 |
DCB BANK LIMITED |
601 & 602, PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI - 400013,, MAHARASHTRA INDIA |
B45419165 |
|
5 |
10207399 |
08/12/2010 * |
500,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
301, DELTA PLAZA, 414, VEER SAVARKAR MARG, PRABHADEVI, MUMBAI - 400025, MAHARASHTRA, INDIA |
B01571025 |
|
6 |
10011523 |
21/07/2006 * |
14,400,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
154 S V ROAD EAST,DONGRI, BR. CREDIT ADMINISTRATION DEPARTMENT, JOGESHWARI (W), MUMBAI - 400102, MAHARASHTRA, INDIA |
A02918498 |
|
7 |
90158564 |
14/02/2005 |
1,600,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
CREDIT ADMINISTRATION DEPARTMENT, BANDRA (WEST), MUMBAI - 400050, MAHARASHTRA, INDIA |
- |
|
8 |
90158234 |
22/09/2003 * |
10,500,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
CREDIT ADMINISTRATION DEPARTMENT, BANDRA (WEST), MUMBAI - 400050, MAHARASHTRA, INDIA |
- |
|
9 |
90158205 |
22/07/2003 |
2,400,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
CREDIT ADMINISTRATION DEPARTMENT, BANDRA (WEST), MUMBAI - 400050, MAHARASHTRA, INDIA |
- |
|
10 |
90158178 |
22/09/2003 * |
2,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
CREDIT ADMINISTRATION DEPARTMENT, BANDRA (WEST), MUMBAI - 400050, MAHARASHTRA, INDIA |
- |
|
11 |
90158085 |
11/01/2003 * |
1,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
MMO BRANCH, MUMBAI - 400009, MAHARASHTRA, INDIA |
- |
|
12 |
90159045 |
03/04/2001 |
1,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
MMO BRANCH, MUMBAI - 400009, MAHARASHTRA, INDIA |
- |
|
13 |
90155152 |
22/09/2003 * |
522,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
CREDIT ADMINISTRATION DEPARTMENT, BANDRA (WEST), MUMBAI - 400050, MAHARASHTRA, INDIA |
- |
|
14 |
90157189 |
26/05/2003 * |
522,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
CREDIT ADMINISTRATION DEPARTMENT, BANDRA (WEST), MUMBAI - 400050, MAHARASHTRA, INDIA |
- |
|
15 |
90155151 |
03/06/1999 |
1,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
MMO BRANCH, MUMBAI - 400009, MAHARASHTRA, INDIA |
- |
|
16 |
90157129 |
11/03/2013 * |
8,250,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 & 602, PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI - 400013,, MAHARASHTRA INDIA |
B71499727 |
|
17 |
90156535 |
21/07/2006 * |
5,400,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
154 S V ROAD EAST,DONGRI,, BR. CREDIT ADMINISTRATION
DEPTS, JOGESHWARI (WEST), MUMBAI - |
A02912749 |
|
18 |
90156440 |
13/06/2014 * |
35,000,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 & 602, PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI - 400013, MAHARASHTRA, INDIA |
C07450901 |
|
19 |
90156312 |
06/06/2006 * |
1,800,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
601 & 602, PENINSULA BUSINESS PARK, 6TH FLOOR, TOWER A, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI - 400013, MAHARASHTRA, INDIA |
- |
|
20 |
90156086 |
03/06/1999 * |
1,825,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
MMO BRANCH, MUMBAI - 400009, MAHARASHTRA, INDIA |
- |
|
21 |
90156026 |
03/06/1999 * |
182,500,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
MMO BRANCH, MUMBAI - 400009, MAHARASHTRA, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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. 64.88 |
|
|
1 |
Rs. 99.88 |
|
Euro |
1 |
Rs. 72.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SANS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
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 |
|
48 |
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.