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|
MIRA INFORM REPORT
|
Report No. : |
501272 |
|
Report Date : |
02.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
KULODAY TECHNOPACK PRIVATE LIMITED |
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|
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|
Registered
Office : |
25, Sona Udyog Industrial Estate, Parsi Panchayat Road, Andheri
(East), Mumbai – 400069, Maharashtra |
|
Tel. No.: |
91-22-28387113 |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
19.07.1995 |
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|
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Com. Reg. No.: |
11-090795 |
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Capital
Investment / Paid-up Capital : |
INR 49.900 Million |
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|
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|
CIN No.: [Company Identification
No.] |
U25202MH1995PTC090795 |
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|
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|
IEC No.: [Import-Export
Code No.] |
0396052240 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACK3957H1ZE 25AAACK3957H1ZI |
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TIN No.: |
27040868561 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACK3957H |
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|
Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacture, Trader and Exporters of Plastic Carrier Bags and trader in polyester fabrics. [Registered activity] |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 450000 |
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|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1995 having
satisfactory track record. As per the Registrar of Companies date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but documents related to financial
for the year 31.03.2017 are not available from any sources. As per available financials of 2016, revenue of the company has
decline. However, it has been able to achieve fair profit margin at 1.58%
(approx.) The company possesses sound financial risk profile marked by healthy
net worth base along with comfortable debt level and favorable gap between
trade payables and trade receivables. Rating also takes into consideration company’s long established track
record and extensive experience of promoters in the plastic manufacturing
industry. Trade relations are reported as fair. Business is active. Payments
terms are reported as usually correct and as per commitments. 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 02.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (91-22-41557799)
LOCATIONS
|
Registered Office : |
25, Sona Udyog Industrial Estate, Parsi Panchayat Road, Andheri
(East), Mumbai – 400069, Maharashtra, India |
|
Tel. No.: |
91-22-28387113 / 14 |
|
Fax No.: |
91-22-66994884 |
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E-Mail : |
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Website : |
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Factory : |
597/ 1B and 644/24, Agrawal Industrial Estate, Opposite Somnath
Temple, Dabhel, Daman – 396210, Gujarat,
India |
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Tel. No.: |
91-260-2243003/ 2243870 |
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E-Mail : |
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Warehouse: |
Godown No. 5, Ramakrishna Naik Compound, Near Surat Ahmedabad Transport, Rehnal, Bhiwandi – 421302, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Arunkumar Prahaldrai Chokhani |
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|
Designation : |
Director |
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|
Address : |
304, Ganga, 16, Rani Sati Marg, Malad (East), Mumbai - 400097, Maharashtra, India |
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Date of Birth/Age : |
24.06.1961 |
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Qualification : |
B. Com |
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Date of Appointment : |
19.07.1995 |
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DIN No.: |
01718048 |
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Other directorship:
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Name : |
Mr. Krishnakumar Prahladrai Chokhani |
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Designation : |
Director |
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|
Address : |
302, Ganga 16, Rani Sati Marg, Malad (East), Mumbai - 400097, Maharashtra, India |
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Date of Birth/Age : |
12.11.1952 |
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Qualification : |
BSC |
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Date of Appointment : |
26.09.2001 |
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DIN No.: |
02795632 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Geeta Chokhani |
|
24 |
|
Krishna kumar Chokhani HUF |
|
474000 |
|
Krishna kumar Chokhani |
|
630856 |
|
Pushpadevi Kishankumar Chokhani |
|
191000 |
|
Arun Kumar Chokhani (HUF) |
|
731000 |
|
Arun kumar Prahladrai Chokhani |
|
758976 |
|
Manju Arunkumar Chokhani |
|
156800 |
|
Sunil Chokhani |
|
610000 |
|
Anuj Arunkumar Chokhani |
|
489200 |
|
Ankit Arunkumar Chokhani |
|
244000 |
|
Ruchita Kishankumar Chokhani |
|
120 |
|
Shivansh Chokhani |
|
30000 |
|
Mataji Kulodki |
|
24 |
|
Rashi Chokhani |
|
20000 |
|
Shikha Sunilkumar Chokhani |
|
242000 |
|
Sunil kumar Chokhani HUF |
|
192000 |
|
Avika Chokhani |
|
30000 |
|
Kuloday Packaging Private Limited, India |
|
100000 |
|
Bajrang Bali barter Private Limited |
|
90000 |
|
|
|
|
|
Total |
|
4990000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
96.20 |
|
Promoters [Bodies
corporate] |
2.00 |
|
Public/Other than promoters [Body corporate] |
1.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture, Trader and Exporters of Plastic Carrier Bags and trader in polyester fabrics. [Registered activity] |
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Products / Services
: |
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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 : |
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 denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Banka and Banka Chartered Accountants |
|
Address : |
Shah Trade Center, 3rd Floor, Rani Sati Marg, Off Western Express
Highway, Malad (East), Mumbai – 400097, Maharashtra, India |
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Tel. No.: |
91-22- 40984545 |
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E-Mail : |
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Website: |
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PAN No.: |
AAAFB1145R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Fellow Subsidiary Company
(AS ON 31.03.2016): |
Kuloday Packaging (India) Private Limited |
CAPITAL STRUCTURE
AFTER 30.09.2017
Authorised Capital : INR 76.000 Million
Issued, Subscribed & Paid-up Capital : INR 74.850 Million
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4990000 |
Equity Shares |
INR 10/- each |
INR 49.900
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
49.900 |
49.000 |
22.500 |
|
(b) Reserves & Surplus |
108.773 |
85.048 |
82.563 |
|
(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) |
158.673 |
134.048 |
105.063 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
48.889 |
65.094 |
99.362 |
|
(b) Deferred tax liabilities (Net) |
12.523 |
11.883 |
10.513 |
|
(c) Other long term
liabilities |
18.422 |
19.730 |
16.576 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
79.834 |
96.707 |
126.451 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
104.496 |
106.697 |
107.566 |
|
(b) Trade
payables |
159.478 |
100.935 |
110.975 |
|
(c) Other
current liabilities |
1.173 |
1.102 |
0.765 |
|
(d) Short-term
provisions |
10.406 |
7.609 |
4.339 |
|
Total Current
Liabilities (4) |
275.553 |
216.343 |
223.645 |
|
|
|
|
|
|
TOTAL |
514.060 |
447.098 |
455.159 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
150.498 |
151.798 |
154.040 |
|
(ii)
Intangible Assets |
0.035 |
0.035 |
0.035 |
|
(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 |
1.458 |
4.020 |
2.119 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
4.191 |
0.221 |
1.098 |
|
Total Non-Current
Assets |
156.182 |
156.074 |
157.292 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
3.949 |
0.000 |
0.000 |
|
(b)
Inventories |
48.916 |
90.321 |
125.445 |
|
(c) Trade
receivables |
271.268 |
161.045 |
122.543 |
|
(d) Cash
and cash equivalents |
10.709 |
14.833 |
26.588 |
|
(e)
Short-term loans and advances |
23.036 |
24.825 |
23.236 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.055 |
|
Total
Current Assets |
357.878 |
291.024 |
297.867 |
|
|
|
|
|
|
TOTAL |
514.060 |
447.098 |
455.159 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1334.389 |
1388.613 |
964.806 |
|
|
|
Other Income |
14.086 |
19.206 |
20.307 |
|
|
|
TOTAL |
1348.475 |
1407.819 |
985.113 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
313.581 |
393.621 |
342.855 |
|
|
|
Purchases of Stock-in-Trade |
854.356 |
844.933 |
494.204 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
20.221 |
11.071 |
(24.084) |
|
|
|
Employees benefits expense |
10.855 |
9.194 |
8.270 |
|
|
|
Other expenses |
80.089 |
84.714 |
85.252 |
|
|
|
CSR Expenditure |
0.000 |
0.000 |
0.017 |
|
|
|
TOTAL |
1279.102 |
1343.533 |
906.514 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
69.373 |
64.286 |
78.599 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
24.942 |
22.078 |
42.940 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
44.431 |
42.208 |
35.659 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
11.751 |
11.797 |
14.574 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
32.680 |
30.411 |
21.085 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
11.656 |
10.426 |
6.870 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
21.024 |
19.985 |
14.215 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
388.959 |
458.426 |
444.696 |
|
|
TOTAL EARNINGS |
388.959 |
458.426 |
444.696 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
990.834 |
978.824 |
527.943 |
|
|
TOTAL IMPORTS |
990.834 |
978.824 |
527.943 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
4.26 |
4.24 |
6.32 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
56.581 |
49.358 |
23.507 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
74.20 |
42.33 |
46.36 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.92 |
8.62 |
7.87 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
49.84 |
29.75 |
48.39 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.42 |
0.71 |
0.63 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.46 |
0.42 |
0.51 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.63 |
0.63 |
0.71 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.97 |
1.28 |
1.97 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.74 |
1.61 |
2.13 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.95 |
1.13 |
1.47 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.78 |
2.91 |
1.83 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.58 |
1.44 |
1.48 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.09 |
4.47 |
3.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.25 |
14.91 |
13.55 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.30 |
1.35 |
1.33 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.12 |
0.93 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.31 |
0.30 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.07 |
3.51 |
9.20 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.30 |
1.35 |
1.33 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
22.500 |
49.000 |
49.900 |
|
Reserves & Surplus |
82.563 |
85.048 |
108.773 |
|
Net
worth |
105.063 |
134.048 |
158.673 |
|
|
|
|
|
|
Long Term borrowings |
99.362 |
65.094 |
48.889 |
|
Short Term borrowings |
107.566 |
106.697 |
104.496 |
|
Total
borrowings |
206.928 |
171.791 |
153.385 |
|
Debt/Equity
ratio |
1.970 |
1.282 |
0.967 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
964.806 |
1388.613 |
1334.389 |
|
|
|
43.927 |
(3.905) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
964.806 |
1388.613 |
1334.389 |
|
Profit/(Loss) |
14.215 |
19.985 |
21.024 |
|
|
1.47% |
1.44% |
1.58% |
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 |
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 |
No |
|
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 |
UNSECURED LOAN
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from others |
27.059 |
26.655 |
|
|
|
|
|
Total |
27.059 |
26.655 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G53111183 |
100078564 |
STANDARD CHARTERED
BANK |
05/01/2017 |
12/09/2017 |
- |
190000000.0 |
CRESCENZO, 3A/F,
PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA EASTMUMBAIMH400051IN |
|
2 |
G36122067 |
100060064 |
DBS BANK LTD |
08/11/2016 |
16/02/2017 |
- |
15000000.0 |
2ND FLOOR, SHREE
AMBICA AUTOGIDC BHATPORE, OPP. ONGC HAZIRASURATGJ394510IN |
|
3 |
G36123032 |
100060065 |
DBS BANK LTD |
08/11/2016 |
16/02/2017 |
- |
120000000.0 |
2ND FLOOR, SHREE
AMBICA AUTOGIDC BHATPORE, OPP. ONGC HAZIRASURATGJ394510IN |
|
4 |
G55889950 |
100061725 |
AXIS BANK LIMITED |
29/10/2016 |
12/09/2017 |
- |
140000000.0 |
CCSU ANDHERI, SENORITA,
PLOT NO. 21, GULMOHAR ROADJVPD, NEAR JUHU CIRCLE, VILEPARLE
WESTMUMBAIMH400049IN |
|
5 |
G55891147 |
100061681 |
AXIS BANK LIMITED |
29/10/2016 |
12/09/2017 |
- |
55000000.0 |
CCSU ANDHERI, SENORITA,
PLOT NO. 21, GULMOHAR ROADJVPD, NEAR JUHU CIRCLE, VILEPARLE
WESTMUMBAIMH400049IN |
|
6 |
G35633429 |
100077139 |
STANDARD CHARTERED
BANK |
26/10/2016 |
- |
- |
10500000.0 |
CRESCENZO, 3A/F,
PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA EASTMUMBAIMH400051IN |
|
7 |
G35634336 |
100077137 |
STANDARD CHARTERED
BANK |
26/10/2016 |
- |
- |
150000000.0 |
CRESCENZO, 3A/F,
PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA
EASTMUMBAIMH400051IN |
|
8 |
G35633593 |
100077138 |
STANDARD CHARTERED
BANK |
26/10/2016 |
- |
- |
40000000.0 |
CRESCENZO, 3A/F,
PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA
EASTMUMBAIMH400051IN |
|
9 |
G22125751 |
100021277 |
DBS BANK LTD |
11/04/2016 |
08/11/2016 |
- |
18000000.0 |
2ND FLOOR, SHREE AMBICA
AUTOGIDC BHATPORE, OPP. ONGC HAZIRASURATGJ394510IN |
|
10 |
G35928761 |
10024318 |
BANK OF INDIA |
19/10/2006 |
15/01/2016 |
21/01/2017 |
176000000.0 |
MALAD (WEST)
BRANCH, SWAMI VIVEKANAND ROAD,OPP. NATARAJ MARKET, MALAD
(WEST),MUMBAIMH400064IN |
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Factory equipments
· Furniture and fixtures
· 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 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
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.