MIRA INFORM REPORT
|
Report No. : |
340470 |
|
Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
AKSHATA MERCANTILE PRIVATE LIMITED |
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|
|
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Registered
Office : |
Raheja Centre, Office No. - 206, 2nd Floor, 214, Free Press Journal Marg, Nariman Point, Mumbai – 400021, Maharashtra |
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Tel. No.: |
91-22-71500500 |
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Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
|
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Date of
Incorporation : |
13.08.2001 |
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Com. Reg. No.: |
11-133035 |
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Capital
Investment / Paid-up Capital : |
Rs.199.446 Million |
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|
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CIN No.: [Company Identification
No.] |
U51909MH2001PTC133035 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCA8265D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in trading of Hot Rolled Coils (HR
Coils) and Cold Rolled Sheets (CR Sheets). |
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|
|
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Profitability of the company seems to be low during FY 2014. However,
general financial position of the company seems to be decent. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered normal 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 |
CARE |
|
Rating |
Long term bank
facilities = BB+ |
|
Rating Explanation |
Have inadequate credit
quality and carry high credit risk. |
|
Date |
April 10, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank
facilities = A4+ |
|
Rating Explanation |
Have minimal degree
of safety and carry very high credit risk. |
|
Date |
April 10, 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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Lahoo Palande |
|
Designation : |
Senior D.G.M. Account |
|
Contact No.: |
91-22-71500500 |
|
Date : |
09.09.2015 |
LOCATIONS
|
Registered Office : |
Raheja Centre, Office No. - 206, 2nd Floor, 214, Free Press Journal Marg, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-71500500 / 22841414 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Chandrakant Shankar Lad |
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Designation : |
Additional Director |
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Address : |
D-3/201, Hawre Green Park, Plot No. 15, Sector-22, Navi Mumbai, Kamothe - 410209, Maharashtra, India |
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Date of Birth/Age : |
17.10.1951 |
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Date of Appointment : |
12.06.2014 |
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DIN No.: |
02182984 |
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Other Directorship :
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Name : |
Mr. Mangesh Heeraji Gorivale |
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Designation : |
Director |
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Address : |
Durgamata Rahiwashi Sangh, Waghari Wada, Datta Mandir Road,Vakola Bridge, Santacruz (East), Mumbai - 400055, Maharashtra, India |
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Date of Appointment : |
15.12.2014 |
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DIN No.: |
07045906 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Lahoo Palande |
|
Designation : |
Senior D.G.M. Account |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Abhay Lodha |
|
25000 |
|
Sheela Lodha |
|
875000 |
|
Ashwin Lodha |
|
2084500 |
|
Mona Lodha |
|
15500 |
|
Riya Real Estate Private Limited, India |
|
4690000 |
|
Deep Star Alloys And Steels Private Limited, India |
|
5976490 |
|
Phoenix Realtors Private Limited, India |
|
21,00000 |
|
Vandana Lodha |
|
178095 |
|
Total |
|
15944585 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Phoenix Realtors Private Limited, India |
|
4000000 |
|
Total |
|
4000000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
80.06 |
|
Other top fifty shareholders |
19.94 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in trading of Hot Rolled Coils (HR
Coils) and Cold Rolled Sheets (CR Sheets). |
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
Jain and Chhoriya Chartered Accountants |
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Address : |
6, Bhiwandiwala Terrace, 2nd Floor, Above LG, Court Naka, Thane (West) -400601, Maharashtra, India |
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PAN No.: |
AADFJ9495M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
Topworth Pipes and Tubes Private Limited, India |
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|
|
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Subsidiary : |
Akshata Gulf FZE, United Kindom |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000000 |
Equity Shares |
Rs.10/- each |
Rs.180.000 Million |
|
4000000 |
Preference Shares |
Rs.10/- each |
Rs.40.000 Million |
|
|
Total |
|
Rs.220.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15944585 |
Equity Shares |
Rs.10/- each |
Rs.159.446
Million |
|
4000000 |
Preference Shares |
Rs.10/- each |
Rs.40.000 Million |
|
|
Total |
|
Rs.199.446 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 |
199.446 |
140.000 |
140.000 |
|
(b) Reserves &
Surplus |
1970.376 |
1231.819 |
1095.577 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
271.000 |
271.000 |
|
Total Shareholders’ Funds
(1) + (2) |
2169.822 |
1642.819 |
1506.577 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1227.192 |
1599.292 |
265.722 |
|
(b) Deferred tax
liabilities (Net) |
0.800 |
1.249 |
1.498 |
|
(c) Other long term liabilities |
0.000 |
101.430 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1227.992 |
1701.971 |
267.220 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1614.566 |
1963.751 |
489.691 |
|
(b) Trade payables |
4461.335 |
4411.259 |
4695.104 |
|
(c) Other current
liabilities |
113.503 |
123.355 |
512.008 |
|
(d) Short-term provisions |
309.849 |
183.303 |
145.762 |
|
Total Current Liabilities
(4) |
6499.253 |
6681.668 |
5842.565 |
|
|
|
|
|
|
TOTAL |
9897.067 |
10026.458 |
7616.362 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
57.994 |
66.048 |
65.622 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
751.909 |
758.311 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.693 |
0.693 |
6.117 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
810.596 |
825.052 |
71.739 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2097.366 |
2470.772 |
2136.896 |
|
(c) Trade receivables |
6064.323 |
5354.813 |
4479.535 |
|
(d) Cash and cash
equivalents |
718.540 |
874.847 |
676.142 |
|
(e) Short-term loans and
advances |
171.249 |
179.819 |
172.383 |
|
(f) Other current assets |
34.993 |
321.155 |
79.667 |
|
Total Current Assets |
9086.471 |
9201.406 |
7544.623 |
|
|
|
|
|
|
TOTAL |
9897.067 |
10026.458 |
7616.362 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
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|
|
|
|
SALES |
|
|
|
|
|
Income |
24334.400 |
21782.100 |
20433.208 (Gross Income) |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
237.204 |
201.395 |
207.953 |
|
|
|
|
|
|
|
Less |
TAX |
80.201 |
65.154 |
66.606 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
157.003 |
136.241 |
141.347 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
9.84 |
8.54 |
8.86 |
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 flows from (used in) operations |
372.007 |
(1882.222) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.59 |
2.17 |
2.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.12 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.31 |
2.17 |
0.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
1.38 |
1.29 |
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 |
140.000 |
140.000 |
199.446 |
|
Reserves & Surplus |
1095.577 |
1231.819 |
1970.376 |
|
Share Application money
pending allotment |
271.000 |
271.000 |
0.000 |
|
Net worth |
1506.577 |
1642.819 |
2169.822 |
|
|
|
|
|
|
long-term borrowings |
265.722 |
1599.292 |
1227.192 |
|
Short term borrowings |
489.691 |
1963.751 |
1614.566 |
|
Total borrowings |
755.413 |
3563.043 |
2841.758 |
|
Debt/Equity ratio |
0.501 |
2.169 |
1.310 |
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 |
20433.208 |
21782.100 |
24334.400 |
|
|
|
6.601 |
11.717 |
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 |
20433.208 |
21782.100 |
24334.400 |
|
Profit |
141.347 |
136.241 |
157.003 |
|
|
0.69% |
0.63% |
0.65% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
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 |
Note:
Registered address of the company has been shifted from the Raheja
Center, Office No. 4, Ground Floor, 214, Free Press Journal Marg, Nariman
Point, Mumbai – 400021, Maharashtra, India to the present address w.e.f.
01.09.2013.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Term Loans |
1225.589 |
1595.589 |
|
SHORT TERM
BORROWING |
|
|
|
Loans repayable on demand |
973.036 |
1369.107 |
|
Total |
2198.625 |
2964.696 |
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10368214 |
16/07/2012 |
350,000,000.00 |
CENTRAL BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, CHANDRAMUKHI, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B44744886 |
|
2 |
10361347 |
22/05/2012 |
150,000,000.00 |
STATE BANK OF TRAVANCORE |
112-115 TULSIANI CHAMBERS, WEST WING, FIRST FLOOR, 212, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B41921941 |
|
3 |
10356023 |
19/05/2012 |
150,000,000.00 |
STATE BANK OF TRAVANCORE |
112-115 TULSIANI CHAMBERS, WEST WING, FIRST FLOOR, 202, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B39707880 |
|
4 |
10385440 |
22/03/2012 |
250,000,000.00 |
BANK OF BARODA |
119,AGRA BUILDING,M.G ROAD, FORT UNIVERSITY BRANCH, MUMBAI - 400023, MAHARASHTRA, INDIA |
B44523744 |
|
5 |
10349658 |
07/03/2012 |
350,000,000.00 |
STATE BANK OF TRAVANCORE |
112-115, TULISIANI CHAMBERS, WEST WING,1ST FLOOR, 212 NARIMMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B37574647 |
|
6 |
10262703 |
23/11/2010 |
500,000,000.00 |
STATE BANK OF TRAVANCORE |
112-115, TULISIANI CHAMBERS, WEST WING,, 1ST FLOOR, 212 NARIMMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B01440601 |
|
7 |
10119373 |
16/11/2010 * |
840,000,000.00 |
BANK OF BARODA |
119, AGRA BUILDING, M G ROAD, FORT, MUMBAI - 400023, MAHARASHTRA, INDIA |
B06064893 |
|
8 |
10064421 |
16/10/2012 * |
5,000,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION BRANCH, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B61785556 |
|
9 |
90146566 |
15/09/2010 * |
1,175,000,000.00 |
STATE BANK OF INDIA |
BACKBAY RECLAMATION BRANCH, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
A97730196 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Motor Vehicles
- Office Equipment
- Computer Equipments
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.66.60 |
|
|
1 |
Rs.102.30 |
|
Euro |
1 |
Rs.74.60 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.