|
|
|
MIRA INFORM REPORT
|
Report No. : |
501885 |
|
Report Date : |
03.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMBERNATH ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
222, The Summit Business Bay(Omkar), Near W.E.H Metro Station,
Andheri Kurla Road, Andheri East, Mumbai – 400093, Maharashtra |
|
Tel. No.: |
91-22-26814600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
16.08.1985 |
|
|
|
|
Com. Reg. No.: |
11- 037162 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 12.112 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1985PTC037162 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
27AAACA3839N1ZE |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA3839N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Dealing in Organic and inorganic chemicals and its related products. [Registered Activity] |
|
|
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
was incorporated in the year 1985 and it is engaged in manufacturing
and dealing in Organic and inorganic chemicals and its related products. As per financials
of March 2017, the company has registered a growth of 14.17% in its revenue
as compared to its previous year’s revenue and has reported good profit
margin of 13.47% under review. Rating takes
into consideration the company’s established track record of business
operations marked by sound net worth base along with low solvency indicators
and good liquidity position. Further,
the company has reported a good earnings per share of INR 60.52 against its
face value of INR 10. Payments
seems to be regular. In view
of aforesaid, 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
|
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 03.04.2018
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 (91-22-26814600)
LOCATIONS
|
Registered Office : |
222, The Summit Business Bay(Omkar), Near W.E.H Metro
Station, Andheri Kurla Road, Andheri East, Mumbai – 400093, Maharashtra,
India |
|
Tel. No.: |
91-22-26814600 |
|
Fax No.: |
91-22-26814623 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Office: |
307-314, Creative Industrial Premises Road No.2, Sunder Nagar, Kalina,
Mumbai – 400098, Maharashtra, India |
|
|
|
|
Work Unit 1: |
W-63 B, MIDC Industrial Area, Chikhloli Village, P O Ambernath,
District Thane – 421501, Maharashtra, India |
|
|
|
|
Unit 2: |
W-120 (A), MIDC Industrial Area, Kharval Village, Badlapur, District
Thane – 421503, Maharashtra, India |
|
|
|
|
Unit 1: |
Plot No. 21/2, MIDC Roha Industrial Area, Dhatav, District Raigad –
402116, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Santosh Raghu Nandan |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
73-74, Alaknanda, Gulmohar Cross Road No.10 JVPD Scheme,
Juhu, Vile Parle, Mumbai - 400049, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
22.06.1964 |
||||||||||||||||||||
|
Date of Appointment : |
01.11.2006 |
||||||||||||||||||||
|
DIN No.: |
00937003 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Raghunandan Thottappillil |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
73/74, Alaknanda, Gulmohur X Road No 10, J.V.P.D., Vile
Parle (West) Mumbai – 400049, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
22.06.1936 |
||||||||||||||||||||
|
Date of Appointment : |
16.08.1985 |
||||||||||||||||||||
|
DIN No.: |
00052039 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Prakash Mahadeo Kale |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
Flat No. 72, Alaknanda CHS, Gulmohar Cross Road, JVPD,
Juhu, Mumbai -400049, Maharashtra, India |
||||||||||||||||||||
|
Date of Appointment : |
26.09.2017 |
||||||||||||||||||||
|
DIN No.: |
00151379 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Vijay Raghunath Rasal |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
13 0003 Ganesh Apartment, 120 Linking Road, Dahisar East,
Bombay - 400068, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
29.01.1951 |
||||||||||||||||||||
|
Date of Appointment : |
25.04.2012 |
||||||||||||||||||||
|
DIN No.: |
02210245 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
T Raghu Nandan |
|
106340 |
|
Santosh Raghu Nandan |
|
400155 |
|
Vijay Raghunath Rasal |
|
10000 |
|
Rajesh R Nandan |
|
54500 |
|
T Raghu Nandan |
|
400155 |
|
Prerna Fine Chem Private Limited, India |
|
240000 |
|
Sulochana R Nandan |
|
50 |
|
Total |
|
1211200 |
Equity Share Break up (Percentage of Total Equity)
AS ON 26.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
75.69 |
|
Promoters- Individual/Hindu Undivided Family- Non-resident Indian (NRI) |
4.50 |
|
Promoters- Body corporate |
19.81 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Dealing in Organic and inorganic chemicals and its related products. [Registered Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
JCR and Company Chartered Accountants |
|
Address : |
Level 2, Raval House, 18th Road, Khar West, Mumbai – 400052,
Maharashtra, India |
|
Tel. No.: |
91-22-26054593/96 |
|
E-Mail : |
|
|
Website: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAASK1518P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1440000 |
Equity Shares Class A |
INR 10/- each |
INR 14.400 Million |
|
60000 |
Equity Shares Class B |
INR 10/- each |
INR 0.600 Million |
|
|
|
|
|
|
|
Total |
|
INR 15.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1156700 |
Equity Shares Class A |
INR 10/- each |
INR 11.567 Million |
|
54500 |
Equity Shares Class B |
INR 10/- each |
INR 0.545 Million |
|
|
|
|
|
|
|
Total |
|
INR 12.112
Million |
FINANCIAL DATA
[all figures are
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 |
12.112 |
12.112 |
12.112 |
|
(b) Reserves &
Surplus |
251.338 |
178.030 |
146.622 |
|
(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) |
263.450 |
190.142 |
158.734 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
10.263 |
42.171 |
29.487 |
|
(b) Deferred tax liabilities
(Net) |
10.306 |
9.122 |
6.762 |
|
(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) |
20.569 |
51.293 |
36.249 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.288 |
7.936 |
10.900 |
|
(b) Trade payables |
46.537 |
37.180 |
35.898 |
|
(c) Other current
liabilities |
5.454 |
2.482 |
7.656 |
|
(d) Short-term provisions |
47.982 |
79.220 |
41.240 |
|
Total Current Liabilities
(4) |
105.261 |
126.818 |
95.694 |
|
|
|
|
|
|
TOTAL |
389.280 |
368.253 |
290.677 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
142.464 |
122.474 |
116.038 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.205 |
1.748 |
1.368 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
144.669 |
124.222 |
117.406 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
47.098 |
18.518 |
23.857 |
|
(c) Trade receivables |
81.693 |
82.638 |
62.557 |
|
(d) Cash and cash
equivalents |
33.646 |
59.614 |
17.178 |
|
(e) Short-term loans and
advances |
82.174 |
83.261 |
69.679 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
244.611 |
244.031 |
173.271 |
|
|
|
|
|
|
TOTAL |
389.280 |
368.253 |
290.677 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
544.133 |
476.599 |
407.693 |
|
|
Other Income |
15.897 |
18.469 |
14.312 |
|
|
TOTAL |
560.030 |
495.068 |
422.005 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
286.857 |
228.398 |
230.560 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(27.879) |
8.835 |
3.085 |
|
|
Employees benefits
expense |
83.544 |
72.973 |
41.983 |
|
|
Other expenses |
94.621 |
79.179 |
79.653 |
|
|
TOTAL |
437.143 |
389.385 |
355.281 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
122.887 |
105.683 |
66.724 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.228 |
3.636 |
4.742 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
120.659 |
102.047 |
61.982 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.035 |
9.575 |
17.472 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
108.624 |
92.472 |
44.510 |
|
|
|
|
|
|
|
Less |
TAX |
35.322 |
31.423 |
14.455 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
73.302 |
61.049 |
30.055 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
60.52 |
50.40 |
24.81 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
37.965 |
45.943 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
54.80 |
63.29 |
56.01 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.66 |
5.77 |
6.52 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
59.21 |
59.42 |
56.83 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.61 |
5.71 |
2.80 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.86 |
0.86 |
0.58 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.30 |
0.46 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.06 |
0.26 |
0.25 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.40 |
0.67 |
0.60 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.54 |
0.64 |
0.73 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
55.16 |
29.07 |
14.07 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
13.47 |
12.81 |
7.37 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
18.83 |
16.58 |
10.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
27.82 |
32.11 |
18.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.32 |
1.92 |
1.81 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.88 |
1.78 |
1.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.68 |
0.52 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.28 |
4.14 |
3.33 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.32 |
1.92 |
1.81 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
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 |
12.112 |
12.112 |
12.112 |
|
Reserves & Surplus |
146.622 |
178.030 |
251.338 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
158.734 |
190.142 |
263.450 |
|
|
|
|
|
|
Long Term borrowings |
29.487 |
42.171 |
10.263 |
|
Short Term borrowings |
10.900 |
7.936 |
5.288 |
|
Total
borrowings |
40.387 |
50.107 |
15.551 |
|
Debt/Equity
ratio |
0.254 |
0.264 |
0.059 |
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
|
407.693 |
476.599 |
544.133 |
|
|
|
16.901 |
14.170 |
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
|
407.693 |
476.599 |
544.133 |
|
Profit |
30.055 |
61.049 |
73.302 |
|
|
7.37% |
12.81% |
13.47% |
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 |
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% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
ABOUT THE COMPANY
The company is incorporated in the year 1985 under the companies Act,
1956. During the year, the company was engaged in manufacturing of organic
chemicals. The company has also reclassified and regrouped the previous year
figures in accordance with the requirements applicable in the current year.
However, it has no significant impact on presentation and disclosures made in
the financial statements.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM BORROWING |
|
|
|
Sulochana Nandan |
0.000 |
2.500 |
|
T Raghu Nandan |
4.751 |
15.393 |
|
Santosh Raghu Nandan |
5.329 |
18.807 |
|
Total |
10.080 |
36.700 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C46580171 |
10554890 |
ICICI BANK LIMITED |
12/03/2015 |
- |
- |
20000000.0 |
LANDMARKRACE
COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
2 |
C49205412 |
10420208 |
DCB BANK LIMITED |
30/03/2013 |
24/03/2015 |
- |
5500000.0 |
601 & 602,
PENINSULA BUSINESS PARK, 6TH FLOOR,TOWER A, SENAPATI BAPAT MARG, LOWER
PAREL,MUMBAIMH400013IN |
|
3 |
A97396766 |
10029831 |
DEVELOPMENT CREDIT
BANK LIMITED |
15/12/2006 |
16/12/2006 |
28/10/2010 |
636000.0 |
154 S V ROAD
EAST,DONGRI,CREDIT ADMINSTRATION DEPTSMUMBAI 400 009MH400009IN |
|
4 |
A97391486 |
90187929 |
DEVELOPMENT CREDIT
BANK LIMITED |
11/02/2003 |
16/12/2006 |
28/10/2010 |
4000000.0 |
301,TRADE PLAZA,414,VEER
SAVARKAR MARG,PRABHADEVI,CREDT ADMIN. DEPT. S.V ROAD, DONGRI
BRMUMBAIMH400009IN |
|
5 |
A97392260 |
10032075 |
DEVELOPMENT CREDIT
BANK LIMITED |
15/12/2006 |
16/12/2006 |
28/10/2010 |
1287000.0 |
154 S V ROAD EAST,DONGRI,CREDIT
ADMINSTRATION DEPTSMUMBAI 400 009MH400009IN |
|
6 |
A97556997 |
90187897 |
DEVELOPMENT CREDIT
BANK LIMITED |
09/11/2001 |
- |
28/10/2010 |
2000000.0 |
KURLA
BRANCHMUMBAIMHIN |
|
7 |
A96455852 |
10164233 |
BANK OF INDIA |
03/06/2009 |
- |
12/10/2010 |
4000000.0 |
VILE PARLE (WEST)
BRANCH ,'SMIT KIRAN'S V ROAD ,VILE PARLE (WEST),MUMBAIMH400056IN |
FIXED ASSETS:
- Land
- Goodwill
- Factory Shed
- Office Premises
- Lab Equipment’s
- Plant and Machinery
- Office Equipment’s
- Electrical Fixtures
- Air Conditioner
- Computers
- Furniture and Fixtures
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 : |
GYT |
|
|
|
|
Analysis Done by
: |
VIVI |
|
|
|
|
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 |
NO |
|
--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 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.