|
|
|
MIRA INFORM REPORT
|
Report No. : |
501631 |
|
Report Date : |
03.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHAURYA POLYMERS PRIVATE LIMITED (w.e.f. 06.08.2014) |
|
|
|
|
Formerly Known
As : |
ESHWAR PAPER MILLS PRIVATE LIMITED (w.e.f. 25.02.1986) ESWAR BOARDS AND PACKERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
253, 254, Peenya Industrial Estate, Phase - III, Bangalore-560058,
Karnataka |
|
Mobile No.: |
91-9901043678 (Mr. Akshay) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
29.06.1973 |
|
|
|
|
Com. Reg. No.: |
08-002358 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 13.130 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25203KA1973PTC002358 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE3254B |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Synthetic Rubber and Resin Materials (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 410000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1973. It is a manufacturing and trading of synthetic rubber and resin materials. As per the financial of 2017, the company has earned a negligible
profitability margin and has reported a decline in its revenue as compared to
the previous year. The overall financial position of the company seems to be satisfactory
marked by adequate networth base along with comfortable debt balance sheet
profile. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 DECLINED BY
|
Name : |
Mr. Akshay |
|
Designation : |
Manager |
|
Contact No.: |
91-9901043678 |
|
Date : |
02.04.2018 |
(Tel No.:
91-80-22343546 – Not Working)
LOCATIONS
|
Registered Office : |
253, 254, Peenya Industrial Estate, Phase - III, Bangalore-560058,
Karnataka, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9901043678 (Mr. Akshay) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Laxminarayan Bagri |
|
Designation : |
Director |
|
Address : |
165, Nivedita 1st Main, 1st Cross, CIL A Colony, RMV, II Stage, Bangalore- 560094, Karnataka, India |
|
Date of Birth/Age : |
08.04.1953 |
|
Date of Appointment : |
20.10.1994 |
|
DIN No.: |
01126064 |
|
|
|
|
Name : |
Mrs. Kanta Bagri |
|
Designation : |
Director |
|
Address : |
165, Nivedita 1st Main, 1st Cross, CIL A Colony, RMV, II Stage, Bangalore- 560094, Karnataka, India |
|
Date of Birth/Age : |
13.03.1959 |
|
Date of Appointment : |
01.03.1995 |
|
DIN No.: |
01147874 |
KEY EXECUTIVES
|
Name : |
Mr. Akshay |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Laxminarayan Bagri |
|
3900 |
|
Kanta Bagri |
|
3147 |
|
Laxminarayan Bagri HUF |
|
2400 |
|
Akshay Bagri |
|
580 |
|
Keshavdas Family Trust |
|
600 |
|
Theresa Miranda |
|
160 |
|
Modern Interiors |
|
320 |
|
Daphne |
|
160 |
|
Emilda |
|
160 |
|
P.Shyamaraju |
|
1000 |
|
Hanuman Prasad Bagri |
|
100 |
|
Poonamchand Bagri |
|
100 |
|
Jagadish Prasad Bagri |
|
100 |
|
Gita Devi Bagri |
|
100 |
|
Shankarlal Bagri |
|
96 |
|
Bhagwandas Bagri |
|
98 |
|
Shyam Sunder Bagri |
|
20 |
|
T. Rama Prabhu |
|
20 |
|
Sitaram Lahotia |
|
20 |
|
Giridharilal Mohata |
|
20 |
|
Bagri Shankarlal and Sons (HUF) |
|
2 |
|
Bhagwandas Bagri Partner Ratanchand and Kisturchand |
|
2 |
|
Shah I V |
|
5 |
|
Premlatha Shah |
|
5 |
|
G P Srinivas |
|
5 |
|
M P Nanda Kishore |
|
5 |
|
K Mohan Raju |
|
5 |
|
Total |
|
13130 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
53.67 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
46.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Synthetic Rubber and Resin Materials (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 : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Lawrence Tellis and Associates Chartered Accountants |
|
Address : |
No.44/45, 2nd Floor “Vinayaka Complex” Off. Symphony Theatre Residency Cross Road, Bangalore – 560 025, Karnataka, INDIA |
|
Tel. No.: |
91-80-41514791/ 41514792/ 93 |
|
Fax No.: |
91-80-25583589 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFL3204F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Entities in which
Key Management Personnel (KMP) and their relatives are able to exercise
significant influence : |
· Shaurya (Firm) · L.N. Bagri and Sons HUF |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Shares |
INR 1000/- each |
INR 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13130 |
Equity Shares |
INR 1000/- each |
INR 13.130 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 |
13.130 |
13.130 |
13.130 |
|
(b) Reserves & Surplus |
131.504 |
131.376 |
134.601 |
|
(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) |
144.634 |
144.506 |
147.731 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.219 |
2.432 |
2.859 |
|
(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) |
2.219 |
2.432 |
2.859 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
107.050 |
117.217 |
100.703 |
|
(b) Trade payables |
16.219 |
7.059 |
0.583 |
|
(c) Other current liabilities |
2.125 |
3.565 |
2.342 |
|
(d) Short-term provisions |
0.006 |
0.024 |
0.615 |
|
Total
Current Liabilities (4) |
125.400 |
127.865 |
104.243 |
|
|
|
|
|
|
TOTAL |
272.253 |
274.803 |
254.833 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4.113 |
5.681 |
1.431 |
|
(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) |
0.624 |
0.450 |
0.358 |
|
(d) Long-term Loan and Advances |
2.781 |
3.833 |
7.424 |
|
(e) Other Non-current assets |
0.005 |
0.005 |
0.005 |
|
Total
Non-Current Assets |
7.523 |
9.969 |
9.218 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
109.460 |
106.018 |
110.623 |
|
(c) Trade receivables |
133.667 |
129.308 |
81.298 |
|
(d) Cash and cash equivalents |
20.484 |
27.627 |
26.077 |
|
(e) Short-term loans and
advances |
1.119 |
1.829 |
27.614 |
|
(f) Other current assets |
0.000 |
0.052 |
0.003 |
|
Total
Current Assets |
264.730 |
264.834 |
245.615 |
|
|
|
|
|
|
TOTAL |
272.253 |
274.803 |
254.833 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
219.184 |
263.513 |
504.135 |
|
|
Other Income |
15.066 |
21.226 |
17.071 |
|
|
TOTAL
|
234.250 |
284.739 |
521.206 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.843 |
0.052 |
0.000 |
|
|
Purchase of Trading Materials
(Trading Operations) |
208.654 |
258.612 |
485.062 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.156) |
5.072 |
14.862 |
|
|
Employees benefits expense |
3.155 |
3.166 |
2.624 |
|
|
Other Operating & General
Expenses |
4.731 |
6.957 |
6.950 |
|
|
TOTAL |
216.227 |
273.859 |
509.498 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
18.023 |
10.880 |
11.708 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
16.476 |
12.721 |
7.637 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.547 |
(1.841) |
4.071 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1.593 |
1.477 |
0.985 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(0.046 |
(3.318) |
3.086 |
|
|
|
|
|
|
|
Less |
TAX |
(0.174) |
(0.093) |
0.399 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.128 |
(3.225) |
2.687 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
9.75 |
(245.62) |
204.68 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt (Vehicle Loan from Bank of
Baroda) |
0.215 |
0.249 |
0.306 |
|
Cash generated from operations |
5.553 |
(16.897) |
(57.557) |
|
Net cash provided from/(used in) Operating activities |
5.704 |
(17.111) |
(58.074) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
222.59 |
179.11 |
58.86 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
1.64 |
2.04 |
6.20 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
28.26 |
9.96 |
0.44 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.16 |
0.10 |
0.11 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
4.38 |
1.92 |
8.18 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.47 |
0.48 |
0.42 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /
Networth) |
0.76 |
0.83 |
0.70 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.87 |
0.88 |
0.71 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.03 |
0.04 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.09 |
0.86 |
1.53 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.06 |
(1.22) |
0.53 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.05 |
(1.17) |
1.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
0.09 |
(2.23) |
1.82 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.11 |
2.07 |
2.36 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.24 |
1.24 |
1.29 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.53 |
0.53 |
0.58 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
8.34 |
9.13 |
7.91 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.11 |
2.07 |
2.36 |
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 |
13.130 |
13.130 |
13.130 |
|
Reserves & Surplus |
134.601 |
131.376 |
131.504 |
|
Net
worth |
147.731 |
144.506 |
144.634 |
|
|
|
|
|
|
long-term borrowings |
2.859 |
2.432 |
2.219 |
|
Short term borrowings |
100.703 |
117.217 |
107.050 |
|
Current Maturities of Long term debt (Vehicle Loan from Bank of
Baroda) |
0.306 |
0.249 |
0.215 |
|
Total
borrowings |
103.868 |
119.898 |
109.484 |
|
Debt/Equity
ratio |
0.703 |
0.830 |
0.757 |
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 |
504.135 |
263.513 |
219.184 |
|
|
|
(47.730) |
(16.822) |
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 |
504.135 |
263.513 |
219.184 |
|
Profit/ (Loss) |
2.687 |
(3.225) |
0.128 |
|
|
0.53% |
(1.22%) |
0.06% |
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 |
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 |
BACKGROUND OF THE COMPANY
The Company was originally incorporated on 29.06.1973 in the State of Karnataka as a private limited Company under the name of Eswar Boards and Packers Private Limited bearing Registration No. CIN-U21000KA1973PTC002358. The name of the Company was subsequently changed to Eshwar Paper Mills Private Limited on and with effect from 25.02.1986. The name of the Company was again changed from Eshwar Paper Mills Private Limited to Shaurya Polymers Private Limited on and with effect from 06.08.2014.
PERFORMANCE REVIEW
AND OUTLOOK:
The Company has achieved a turnover of INR 219.184 Million (Previous year INR 263.513 Million) (excluding other income of INR 15.066 Million (Previous year 21.226 Million)] from its operations despite volatile market conditions and your Company has incurred a net operating profit (after tax) of INR 0.128 Million for the year under report (Previous year - loss of INR 3.225 Million). The Directors are hopeful of achieving better results in the coming years.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Relatives
of Directors: |
|
|
|
L N Bagri |
1.133 |
1.133 |
|
Kanta Bagri |
0.736 |
0.736 |
|
Akshay Bagri |
0.035 |
0.000 |
|
Total |
1.904 |
1.869 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C28285302 |
10524631 |
BANK OF BARODA |
29/09/2014 |
- |
- |
126000000.0 |
Palace Orchards Branch, Sadashivnagar#386,, New #3, 13th Cross Near Bhashyam Circle Bangalore Karnataka 560080 India |
|
2 |
B84741362 |
10448448 |
Bank of Baroda |
26/08/2013 |
- |
- |
1485000.0 |
Palace Orchards Branch, Sadashivnagar#386,, New #3, 13th Cross Near Bhashyam Circle Bangalore Karnataka 560080 India |
|
3 |
B79712048 |
10437072 |
Bank of Baroda |
01/07/2013 |
- |
- |
50000000.0 |
SME loan factory, Mezzanine floor, nitesh lexingto Avenue No.72 brigade road, Bangalore Karnataka 560080 India |
|
4 |
B15946551 |
10268922 |
RPM Finance |
20/01/2011 |
- |
04/07/2011 |
1000000.0 |
No.206, West Minister, 13,Cunningham Road, Bangalore Karnataka 560052 India |
|
5 |
B15557747 |
90189486 |
STATE BANK OF INDIA |
31/07/1999 |
09/10/2000 |
28/06/2011 |
2500000.0 |
PEENYA INDUSTRIAL ESTATE BRANCHB - 84; II - CROSS; 1 – STAGE BANGALORE Karnataka 560058 India |
|
6 |
B15557549 |
90194843 |
STATE BANK OF INDIA |
01/12/1987 |
28/02/1990 |
28/06/2011 |
1350000.0 |
BAGALORE CITY BRANCHJC ROAD BANGALORE Karnataka 560002 India |
|
7 |
B15566656 |
90195345 |
STATE BANK OF INDIA |
06/11/1996 |
09/06/2010 |
28/06/2011 |
26700000.0 |
PEENYA INDUSTRIAL ESTATE BRANCHB-96, II CROSS, I STAGE, PEENYA INDUSTRIAL ESTATE BANGALORE Karnataka 560058 India |
FIXED ASSETS
- Furniture and Fixtures
- Office Equipments
- Data processing Equipment
- Vehicles
- Machinery
- Mobile Phone
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 : |
PRT |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
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.
·