|
|
|
MIRA INFORM REPORT
|
Report No. : |
502341 |
|
Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ZARHAK STEELS PRIVATE LIMITED [w.e.f.
28.08.2015] |
|
|
|
|
Formerly Known
As : |
ZARHAK
STEELS LIMITED |
|
|
|
|
Registered Office
: |
22 Nariman Bhvan, 227 Nariman Point, Mumbai – 400021,
Maharashtra |
|
Tel. No.: |
91-22-66580800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
05.04.1988 |
|
|
|
|
Com. Reg. No.: |
11-046875 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.599 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27110MH1988PTC046875 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0388164484 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACZ0336M1Z5 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ0336M |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
100 (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 : |
Zarhak Steels Private Limited was incorporated in the year 1988. The company
is a trader, exporter and importer of tinplate and tin free steel. For the financial year ended 2017, the company has achieved 12.75%
growth in its revenue as compared to the previous year and has earned average
profitability margin of 2.11%. The rating takes into consideration the healthy financial position of
the company marked by above average net worth base along with negligible debt
level. Rating is constrained on account of working capital intensive nature
of operations and inherent cyclicality in the steel industry. 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.
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
31-03-2018.
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 07.04.2018.
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. Ashraf Chitalwala |
|
Designation : |
Director |
|
Contact No.: |
91-22-66580800 |
|
Date : |
06.04.2018 |
LOCATIONS
|
Registered Office / Head Office : |
22 Nariman Bhvan, 227 Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-66580800 |
|
Fax No.: |
91-22-66580888 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Warehouse : |
Plot No. 598, Iron and Steel Warehousing Complex, Kalamboli, Panvel –
4102118, Raigad, Maharashtra, India |
|
Tel. No.: |
91-22-27426284 |
|
|
|
|
Corporate Office : |
Plot No. 199, Ravindra Apartments, Dudh Dairy Road, Vijayrajnagar, Bhavnagar,
Gujarat, India |
|
|
|
|
Wire Drawing Unit : |
Plot No. L-20, MIDC Industrial Area, Taloja, Dist. Raigad – 410208,
Maharashtra, India |
|
Tel. No.: |
91-22-27402909 |
|
Fax No.: |
91-22-27411950 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Zoeb Husein Chitalwala |
|
Designation : |
Wholetime Director |
|
Address : |
602, Shabbir Palace, 80 Dr. A Nair Marg, Mumbai – 400008,
Maharashtra, India |
|
Date of Birth/Age : |
26.08.1954 |
|
Date of Appointment : |
05.04.1988 |
|
PAN No.: |
AABPC3985F |
|
DIN No.: |
00436363 |
|
|
|
|
Name : |
Mr. Aslam Husein Chitalwala |
|
Designation : |
Wholetime Director |
|
Address : |
601, Shabbir Palace, 80 Dr. A Nair Marg, Mumbai – 400008,
Maharashtra, India |
|
Date of Appointment : |
11.03.2005 |
|
DIN No.: |
00436495 |
|
|
|
|
Name : |
Mr. Ashraf Husein Chitalwala |
|
Designation : |
Wholetime Director |
|
Address : |
35 - A, Meher Apartments Anstey Road, Off Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
19.09.1958 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
05.04.1988 |
|
PAN No.: |
AABPC3984E |
|
DIN No.: |
00436629 |
|
|
|
|
Name : |
Mrs. Aziza Ashraf Chitalwala |
|
Designation : |
Wholetime Director |
|
Address : |
35 - A, Meher Apartments Anstey Road, Off Altamount Road,
Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
11.10.1963 |
|
Date of Appointment : |
01.12.2001 |
|
PAN No.: |
AACPC4448G |
|
DIN No.: |
00436939 |
|
|
|
|
Name : |
Mrs. Shamim Hamza Chitalwala |
|
Designation : |
Wholetime Director |
|
Address : |
Chitalwala Building, 49, Gujar Street, Mumbai – 400003, Maharashtra,
India |
|
Date of Appointment : |
01.12.2001 |
|
DIN No.: |
00463856 |
|
|
|
|
Name : |
Mr. Hamza Husein Chitalwala |
|
Designation : |
Wholetime Director |
|
Address : |
Chitalwala Building, 49, Gujar Street, Mumbai – 400003,
Maharashtra, India |
|
Date of Birth/Age : |
20.08.1952 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
05.04.1988 |
|
PAN No.: |
AAAPC6644E |
|
DIN No.: |
01715178 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ashraf Hussain Chitalwala |
|
790 |
|
Hamza Hussain Chitalwala |
|
1028 |
|
Zoeb Hussain Chitalwala |
|
1040 |
|
Aslam Hussain Chitalwala |
|
1050 |
|
Abbas Hamza Chitalwala |
|
310 |
|
Farah Hamza Chitalwala |
|
10 |
|
Imran Zoeb Chitalwala |
|
10 |
|
Shamim Hamza Chitalwala |
|
10 |
|
Mustafa Hamza Chitalwala |
|
250 |
|
Nabila Ashraf Chitalwala |
|
10 |
|
Aftab Ashraf Chitalwala |
|
486 |
|
Aadil Aslam Chitalwala |
|
250 |
|
Azeem Aslam Chitalwala |
|
250 |
|
Aziza Ashraf Chitalwala |
|
10 |
|
Alinawaz Zoeb Chitlwala |
|
300 |
|
Zohra Aslam Chitalwala |
|
10 |
|
Talib Zoeb Chitlwala |
|
168 |
|
Mehfuza Husein Chitlwala |
|
10 |
|
|
|
|
|
Total |
|
5992 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Divulged |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Divulged |
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Products : |
Tin Plates |
||||||
|
Countries : |
|
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Products : |
Tin Plates |
||||||
|
Countries : |
|
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Cheque and Credit, NEFT |
||||||
|
|
|
||||||
|
Purchasing : |
Cheque and Credit, NEFT |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
H.H. Bandukwala and Company Chartered Accountants |
|
Address : |
2nd Floor, Room No 6, Abhishek Building 91, Abdul Rehman Street, Mumbai – 400003, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFH0519H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary : |
Zarhak Steels Processors Private Limited U74999MH2010PTC200892 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24500 |
Equity Shares |
INR 100/- each |
INR 2.450 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5992 |
Equity Shares |
INR 100/- each |
INR 0.599
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 |
0.599 |
0.599 |
0.599 |
|
(b) Reserves &
Surplus |
200.728 |
170.023 |
158.175 |
|
(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) |
201.327 |
170.622 |
158.774 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
435.947 |
395.397 |
407.150 |
|
(b) Deferred tax
liabilities (Net) |
5.363 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
4.563 |
2.519 |
5.300 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
445.873 |
397.916 |
412.450 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
108.564 |
151.675 |
242.092 |
|
(b) Trade payables |
78.013 |
51.792 |
144.265 |
|
(c) Other current
liabilities |
69.076 |
44.191 |
21.747 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
255.653 |
247.658 |
408.104 |
|
|
|
|
|
|
TOTAL |
902.853 |
816.196 |
979.328 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
258.705 |
88.164 |
90.056 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
195.248 |
5.172 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets
(net) |
0.000 |
1.996 |
1.817 |
|
(d) Long-term Loan and Advances |
1.957 |
2.226 |
1.474 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
260.762 |
287.734 |
98.619 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
302.867 |
248.430 |
525.704 |
|
(c) Trade receivables |
284.950 |
234.942 |
265.005 |
|
(d) Cash and cash
equivalents |
2.155 |
6.571 |
9.029 |
|
(e) Short-term loans and
advances |
52.119 |
38.519 |
80.971 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
642.091 |
528.462 |
880.709 |
|
|
|
|
|
|
TOTAL |
902.853 |
816.196 |
979.328 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1452.755 |
1288.528 |
1767.171 |
|
|
Other Income |
1.964 |
1.166 |
4.378 |
|
|
TOTAL |
1454.719 |
1289.694 |
1771.549 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1294.156 |
1201.902 |
1670.585 |
|
|
Employees benefits
expense |
17.721 |
12.490 |
16.063 |
|
|
Other expenses |
30.201 |
21.410 |
26.412 |
|
|
TOTAL |
1342.078 |
1235.802 |
1713.060 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
112.641 |
53.892 |
58.489 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
32.300 |
33.409 |
19.843 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
80.341 |
20.483 |
38.646 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
32.416 |
2.649 |
3.689 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
47.925 |
17.834 |
34.957 |
|
|
|
|
|
|
|
Less |
TAX |
17.220 |
5.986 |
14.719 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
30.705 |
11.848 |
20.238 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
5124.33 |
1977.30 |
-- |
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 flow from operating activity |
13.153 |
181.788 |
27.672 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
71.59 |
66.55 |
54.74 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.10 |
5.48 |
6.67 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
22.00 |
15.73 |
31.52 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.37 |
0.22 |
0.11 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.44 |
0.19 |
0.61 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.77 |
0.79 |
0.83 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /
Networth) |
2.70 |
3.21 |
4.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.27 |
1.45 |
2.57 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.28 |
1.66 |
0.60 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.49 |
1.61 |
2.95 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.11 |
0.92 |
1.15 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.40 |
1.45 |
2.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
15.25 |
6.94 |
12.75 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.51 |
2.13 |
2.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.33 |
1.13 |
0.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.22 |
0.21 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
909.03 |
913.31 |
1083.88 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.51 |
2.13 |
2.16 |
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 |
0.599 |
0.599 |
0.599 |
|
Reserves & Surplus |
158.175 |
170.023 |
200.728 |
|
Net worth |
158.774 |
170.622 |
201.327 |
|
|
|
|
|
|
long-term borrowings |
407.150 |
395.397 |
435.947 |
|
Short term borrowings |
242.092 |
151.675 |
108.564 |
|
Total borrowings |
649.242 |
547.072 |
544.511 |
|
Debt/Equity ratio |
4.089 |
3.206 |
2.705 |
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 |
1767.171 |
1288.528 |
1452.755 |
|
|
|
(27.085) |
12.745 |
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 |
1767.171 |
1288.528 |
1452.755 |
|
Profit |
20.238 |
11.848 |
30.705 |
|
|
1.15% |
0.92% |
2.11% |
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from others |
55.132 |
41.644 |
|
Loans and advances from directors |
352.304 |
320.373 |
|
Intercorporate borrowings |
28.511 |
33.380 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Other loans and advances |
108.564 |
151.675 |
|
|
|
|
|
Total |
544.511 |
547.072 |
STATE OF COMPANY’S
AFFAIRS
The Company has earned a net profit of INR 30.705 Million for the year ended March 31, 2017against a net profit of INR 11.848 Million in the previous year.
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G07224728 |
10575255 |
10/03/2015 |
18/12/2015 |
- |
155500000.0 |
MITTAL TOWERS, A-WING, GROUND FLOOR,210 NARIMAN POINT,MUMBAIMH400021IN |
|
|
2 |
C23016934 |
10522482 |
07/08/2014 |
- |
- |
220000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
|
3 |
C80138332 |
10238375 |
29/07/2010 |
02/07/2015 |
- |
140000000.0 |
MITTAL TOWERS, A-WING, GROUND FLOOR,210 NARIMAN POINT,MUMBAIMH400021IN |
|
|
4 |
C36515963 |
10187502 |
06/10/2009 |
29/11/2014 |
- |
124000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
|
5 |
C22396980 |
10115200 |
05/06/2008 |
28/08/2014 |
- |
220000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
|
6 |
A65786436 |
10253784 |
30/03/2007 |
- |
- |
60000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
|
7 |
A65785248 |
10010806 |
07/07/2006 |
04/04/2007 |
- |
60000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
|
8 |
Y10328460 |
90225669 |
30/03/1989 |
31/01/1995 |
- |
12500000.0 |
16;VEER NARIMANN ROADBOMBAYMH400023IN |
|
FIXED ASSETS
- Land
- Buildings
- Office building
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Computer equipment
- Office equipment
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 64.99 |
|
|
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
JYO |
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.