|
|
|
MIRA INFORM REPORT
|
Report No. : |
500942 |
|
Report Date : |
02.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
UNIFY TEXTURISERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No 3A and 3B, Astral Centre, 3rd Floor, 470, N M Joshi Marg, Chinchpokli (West), Mumbai–400011, Maharashtra |
|
Tel. No.: |
91-22-49190100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
11.09.2006 |
|
|
|
|
Com. Reg. No.: |
11-164436 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 102.775 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17299MH2006PTC164436 |
|
|
|
|
IEC No.: |
0300001053 |
|
|
|
|
GST No.: |
27AAACU8565F1Z2 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU8565F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
and Exporter of Texturised Yarn. [Registered Activity and also Confirmed by
Management] |
|
|
|
|
No. of Employees
: |
1200 (Approximately) |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2006 and it is having
satisfactory track. It manufacturer a variety of yarns such as polyester texturized yarn,
twisted yarn and dope dyed yarn. For the financial year 2017, the company has registered decrease in
its revenue from operation as compared to previous year and reported minimal
profitability margin of 0.32%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base. Rating also reflects from its extensive experience of promoters in
transformer industry and improvement in the profitability profile. However, rating strength is partially offset by excess of borrowing
recorded, low Earnings Per Share during the year and susceptibility to
intense competition in the industry. Trade relations are reported as fair. Payments are reported to be slow
but correct. In view of aforesaid, the company can be considered 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
31.03.2017 |
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 PARTED BY
|
Name : |
Mr. Mohsin Abdul Sattar |
|
Designation : |
Director |
|
Contact No.: |
91-9820034112 |
|
Date : |
30.03.2018 |
LOCATIONS
|
Registered/ Head Office : |
Unit No 3A and 3B, Astral Centre, 3rd Floor, 470, N M Joshi Marg, Chinchpokli (West), Mumbai–400011, Maharashtra, India |
|
Tel. No.: |
91-22-49190100 |
|
Mobile No.: |
91-9820034112 [Mr. Mohsin Abdul Sattar] |
|
Fax No.: |
91-22-49190118 |
|
E-Mail : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
S. No. 139 / 140, Karad Village, Near Rakholi Sub Station
Rakholi, Silvassa – 396230, Dadra and Nagar Haveli (U.T) India |
|
Tel. No.: |
91-260-3291282/ 3291232 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Mohsin Abdul Sattar |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Flat No 402, 4th Floor, Park View, Plot No 35, Meghraj Sethi Marg, Agripada Mumbai-400008, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
15.01.1962 |
||||||||
|
Qualification : |
Graduate |
||||||||
|
Date of Appointment : |
11.09.2006 |
||||||||
|
PAN No.: |
AAEPS2647F |
||||||||
|
DIN No.: |
01570613 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Imran Abdul Sattar |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Flat No 301, 3rd Floor, Park View Plot No 35, Meghraj Sethi Road, Agripada Mumbai-400008, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
09.07.1966 |
||||||||
|
Qualification : |
Graduate |
||||||||
|
Date of Appointment : |
11.09.2006 |
||||||||
|
PAN No.: |
AAEPS2644G |
||||||||
|
DIN No.: |
01624275 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Yasin Abdul Sattar |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Flat No 402, Grace Residency, 4th Floor, Plot Non 355 , 16th Road, Bandra(West), Mumbai-400050, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
18.07.1956 |
||||||||
|
Qualification : |
Graduate |
||||||||
|
Date of Appointment : |
11.09.2006 |
||||||||
|
PAN No.: |
AAEPS2646E |
||||||||
|
DIN No.: |
01915121 |
||||||||
|
Other Directorship:
|
|||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Mohsin Abdul Sattar |
|
631647 |
|
Yasin Abdul Sattar |
|
811657 |
|
Imran Abdul Sattar |
|
931657 |
|
Zainab Imran Dhorajiwala |
|
2401666 |
|
Tahseen Mohsin Dhorajiwala |
|
2711666 |
|
Niloufer Yasin Dhorajiwala |
|
2513333 |
|
Aakil Yasin Dhorajiwala |
|
7417 |
|
Rahil Yasin Sattar |
|
13417 |
|
Sanah Imran Sattar |
|
10 |
|
Yasmin Abdul Sattar |
|
20 |
|
Aziza Ahmed Allana |
|
10 |
|
Aman Dealers Private Limited |
|
25000 |
|
Blue Jay Airlines Private Limited, India |
|
38000 |
|
Makrana Tradecom Private Limited, India |
|
12000 |
|
Ambition Merchants Private Limited, India |
|
17500 |
|
Sherawali Commotrade Private Limited, India |
|
7500 |
|
Rohit Vyapaar Private Limited, India |
|
25000 |
|
Gateway Offshore
Limited |
|
130000 |
|
Total |
|
10277500 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
97.52 |
|
Public/Other than promoters (Bodies corporate) |
2.48 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Exporter of Texturised Yarn. [Registered Activity and also Confirmed by
Management] |
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|
||||
|
Products : |
|
||||
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|
||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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|
||||
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Exports : |
|
||||
|
Products : |
Finished Goods |
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|
Countries : |
|
||||
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|
||||
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Imports : |
|
||||
|
Products : |
Raw Material |
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|
Countries : |
China |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Advance Payment, Cheque and Credit [30/60/90 Days] |
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|
|
|
||||
|
Purchasing : |
Advance Payment, Cheque and Credit [30/60/90 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
End Users
|
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No. of Employees : |
1200 [Approximately] |
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Bankers : |
|
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Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
AGHR and Company Chartered Accountants |
|
Address : |
802-B,Trividh Chambers, Opposite Fire Brigade Station, Ring Road, Surat, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAZFA4854B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10500000 |
Equity Shares |
INR 10/- each |
INR 105.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10277500 |
Equity Shares |
INR 10/- each |
INR 102.775 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
102.775 |
102.775 |
102.775 |
|
(b) Reserves and Surplus |
232.478 |
215.963 |
226.285 |
|
(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) |
335.253 |
318.738 |
329.060 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
626.764 |
723.037 |
814.664 |
|
(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) |
626.764 |
723.037 |
814.664 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
801.218 |
751.254 |
859.832 |
|
(b) Trade
payables |
8.574 |
0.000 |
55.906 |
|
(c) Other current
liabilities |
71.491 |
114.926 |
85.690 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
881.283 |
866.180 |
1001.428 |
|
|
|
|
|
|
TOTAL |
1843.300 |
1907.955 |
2145.152 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
691.876 |
827.502 |
964.530 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
31.451 |
45.996 |
41.391 |
|
(d)
Long-term loans and advances |
17.150 |
14.366 |
108.486 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
740.477 |
887.864 |
1114.407 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
619.395 |
557.223 |
553.571 |
|
(c) Trade
receivables |
171.210 |
224.768 |
223.848 |
|
(d) Cash and
bank balances |
112.262 |
131.571 |
25.155 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
199.956 |
106.529 |
228.171 |
|
Total
Current Assets |
1102.823 |
1020.091 |
1030.745 |
|
|
|
|
|
|
TOTAL |
1843.300 |
1907.955 |
2145.152 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
5183.088 |
5481.555 |
6989.925 |
|
|
Other Income |
21.351 |
18.552 |
16.051 |
|
|
TOTAL |
5204.439 |
5500.107 |
7005.976 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
4225.547 |
4470.056 |
6035.025 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
69.441 |
(14.811) |
(104.641) |
|
|
Employee benefit expense |
159.276 |
148.922 |
147.826 |
|
|
Other expenses |
444.858 |
621.753 |
711.125 |
|
|
TOTAL |
4899.122 |
5225.920 |
6789.335 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
305.317 |
274.187 |
216.641 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
134.725 |
149.618 |
153.011 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
170.592 |
124.569 |
63.630 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
139.532 |
139.497 |
139.889 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
31.060 |
(14.928) |
(76.259) |
|
|
|
|
|
|
|
Less |
TAX |
14.545 |
(4.605) |
(22.747) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
16.515 |
(10.323) |
(53.512) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1108.588 |
1148.078 |
1012.036 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
602.855 |
714.305 |
1097.925 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.61 |
(1.00) |
(5.21) |
Expected Sales (2017-2018): INR 6500.000 Million [Due to business
growth]
The above information has been parted by Mr. Mohsin Sattar [Director]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
147.063 |
345.994 |
4.765 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
147.063 |
345.994 |
4.765 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
12.06 |
14.97 |
11.69 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
30.27 |
24.39 |
31.23 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.74 |
0.00 |
3.38 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.49 |
0.49 |
0.39 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.44 |
0.33 |
0.22 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.82 |
0.83 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
4.26 |
4.63 |
5.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.63 |
2.72 |
3.04 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.06 |
2.60 |
2.93 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.27 |
1.83 |
1.42 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.32 |
(0.19) |
(0.77) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.90 |
(0.54) |
(2.49) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.93 |
(3.24) |
(16.26) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.25 |
1.18 |
1.03 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.55 |
0.53 |
0.48 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.18 |
0.17 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
13.89 |
14.34 |
16.29 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.25 |
1.18 |
1.03 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
102.775 |
102.775 |
102.775 |
|
Reserves & Surplus |
226.285 |
215.963 |
232.478 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
329.060 |
318.738 |
335.253 |
|
|
|
|
|
|
Long-term borrowings |
814.664 |
723.037 |
626.764 |
|
Short term borrowings |
859.832 |
751.254 |
801.218 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1674.496 |
1474.291 |
1427.982 |
|
Debt/Equity
ratio |
5.089 |
4.625 |
4.259 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
6989.925 |
5481.555 |
5183.088 |
|
|
|
(21.579) |
(5.445) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
6989.925 |
5481.555 |
5183.088 |
|
Profit/ (Loss) |
(53.512) |
(10.323) |
16.515 |
|
|
(0.77
%) |
(0.19
%) |
0.32
% |
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C36364537 |
10535624 |
TAMILNAD
MERCANTILE BANK LIMITED |
02/12/2014 |
- |
- |
38300000.0 |
HEMPRAKASH BUILDING,
GROUND FLOOR,92, KAZI SYED STREET, MANDVI, MASJID BUNDER,MUMBAIMH400003IN |
|
2 |
B71268932 |
10413218 |
TAMILNAD
MERCANTILE BANK LIMITED |
14/03/2013 |
- |
- |
44900000.0 |
HEMPRAKASH
BUILDING, GROUND FLOOR,92, KAZI SYED STREET, MANDVI, MASJID BUNDER,MUMBAIMH400003IN |
|
3 |
B65027021 |
10394585 |
TAMILNAD
MERCANTILE BANK LIMITED |
12/12/2012 |
- |
- |
68000000.0 |
92, HEMPRAKASH,
GROUND FLOOR,KAZI SYED STREET, MANDVI.MUMBAIMH400003IN |
|
4 |
B65027187 |
10394586 |
TAMILNAD MERCANTILE
BANK LIMITED |
11/12/2012 |
- |
- |
42500000.0 |
92, HEMPRAKASH,
GROUND FLOOR,KAZI SYED STREET, MANDVI.MUMBAIMH400003IN |
|
5 |
B44432391 |
10367313 |
TAMILNAD
MERCANTILE BANK LIMITED |
10/07/2012 |
- |
- |
120000000.0 |
HEMPRAKASH BUILDING,
GROUND FLOOR,92, KAZI SYED STREET, MANDVIMUMBAIMH400003IN |
|
6 |
A97697775 |
10249162 |
TAMILNAD
MERCANTILE BANK LTD |
12/10/2010 |
- |
- |
81500000.0 |
92, HEM PRAKASH
BUILDING, GROUND FLOORKAZI SAYED STREET, MANDVI,MUMBAIMH400003IN |
|
7 |
A94054830 |
10238798 |
TAMILNAD
MERCANTILE BANK LIMITED |
30/08/2010 |
- |
- |
574500000.0 |
100/104, KAZI SYED
STREET, GORADIA HOUSEMANDVIMUMBAIMH400003IN |
|
8 |
G19696871 |
10094736 |
TAMILNAD
MERCANTILE BANK LIMITED |
15/03/2008 |
05/10/2016 |
- |
950000000.0 |
HEMPRAKASH
BUILDING, GROUND FLOOR92, KAZI SYED STREET, MANDVI, MASJID
BUNDERMUMBAIMH400003IN |
|
9 |
C42951822 |
10232612 |
TAMILNAD
MERCANTILE BANK LIMITED |
30/06/2010 |
- |
05/02/2015 |
169500000.0 |
100/104, KAZI SYED
STREET, GORADIA HOUSEMANDVIMUMBAIMH400003IN |
|
10 |
C42951103 |
10382983 |
TAMILNAD
MERCANTILE BANK LIMITED |
15/09/2012 |
- |
05/02/2015 |
10000000.0 |
HEMPRAKASH
BUILDING, GROUND FLOOR,92, KAZI SYED STREET, MANDVIMUMBAIMH400003IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
111.820 |
136.200 |
|
Loans and advances from directors |
80.996 |
81.417 |
|
Loans and advances from others |
52.363 |
50.294 |
|
|
|
|
|
Total |
245.179 |
267.911 |
STATE OF COMPANIES AFFAIR
The Directors report that company has posted total turnover including other income at INR 7005.976 million during the year as compared to INR 7671.806 million during previous year. Thes company has posted a net loss of INR (10.323 million) during the year under review as compared to INR (53.511 million) during the corresponding previous year
FIXED ASSETS:
- Land
- Buildings
- Plant and equipment
- Factory equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment
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 records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
UK Pound |
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
NO |
|
--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 opera tions 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.