|
|
|
MIRA INFORM REPORT
|
Report No. : |
502444 |
|
Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHAKUN POLYMERS LIMITED |
|
|
|
|
Registered
Office : |
501-504, ISCON Heights Atria-2, Opposite Gujarat Energy Training and Research
Institute, Gotri Road, Vadodara – 390021, Gujarat |
|
Tel. No.: |
91-265-6196500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
03.04.1995 |
|
|
|
|
Com. Reg. No.: |
04-025304 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 34.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119GJ1995PLC025304 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0891003860 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AACCS5500Q2Z7 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS5500Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture, exporter, importer, supplier of other electonic and electric Wires and Cables in which insulated wires and Cables made of steel, copper and aluminium. (Registered activity and also confirmed by management) |
|
|
|
|
No. of Employees
: |
28 (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1995 and it is engaged in manufacturing of specialty wires, cable components, electric wires and cables etc. As per financials of March 2017, the company has registered growth of 7.06% in its revenue as compared to its previous year’s revenue and has reported good profit margin of 6.32% under review. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with comfortable debt coverage indicators and good liquidity position. Rating also takes into account the established position in the cable and wire compounds industry and its promoters' extensive industry experience. Further, the company has reported a good earnings per share of INR 47.64 against its face value of INR 10. However, rating strength is partially offset by vulnerability of its profitability to volatility in raw material prices. . Payments seems to be regular. In view of aforesaid, the company can be considered for business operations 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 = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
12.09.2017 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
12.09.2017 |
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
31-03-2018.
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 09.04.2018
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 (GENERAL DETAILS)
|
Name : |
Ms. Rose Main |
|
Designation : |
Personal Assistant of Director |
|
Contact No.: |
91-265-6196500 |
|
Date : |
06.04.2018 |
LOCATIONS
|
Registered Office : |
501-504, ISCON Heights Atria-2, Opposite Gujarat Energy Training and
Research Institute, Gotri Road, Vadodara – 390021, Gujarat, India |
|
Tel. No.: |
91-265-6196500 |
|
Fax No.: |
91-265-6196565 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1: |
Plot No. 2104, GIDC, Halol, District Panchmahal-389350, Gujarat, India
|
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Factory 2: |
Plot No. 1801, GIDC, Halol, District Panchmahal-389350, Gujarat, India |
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Factory 3: |
Plot No. 2-6, Silver Industrial Estate, Pataliya Road, Bhimpore, Daman – 396210, Daman and Diu (U.T.), India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rajesh Dhanraj Bansal |
|
Designation : |
Whole Time Director |
|
Address : |
18, Gotri Co-Operative Housing Society, B/H, Harinagar Gotri Road, Baroda-390021, Gujarat, India |
|
Date of Birth/Age : |
03.03.1964 |
|
Qualification : |
B.Com, M.Com |
|
Date of Appointment : |
01.04.2010 |
|
PAN No.: |
ABXPB2131P |
|
DIN No.: |
00002176 |
|
|
|
|
Name : |
Mr. Rakesh Dhanraj Bansal |
|
Designation : |
Whole Time Director |
|
Address : |
04, Gotri Co-Operative Housing Society, B/H Harinagar Gotri Road, Baroda-390021, Gujarat, India |
|
Date of Birth/Age : |
27.03.1964 |
|
Qualification : |
B.com |
|
Date of Appointment : |
02.01.1996 |
|
PAN No.: |
ABXPB2129H |
|
DIN No.: |
00002179 |
|
|
|
|
Name : |
Mr. Geetesh Dhanraj Bansal |
|
Designation : |
Whole Time Director |
|
Address : |
05, Gotri Co-Operative Housing Society, B/H Harinagar Gotri Road, Baroda-390021, Gujarat, India |
|
Date of Birth/Age : |
27.10.1967 |
|
Qualification : |
B.com |
|
Date of Appointment : |
02.01.1996 |
|
PAN No.: |
ABXPB2127K |
|
DIN No.: |
00002180 |
|
|
|
|
Name : |
Mr. Deepak Narottamdas Kanabar |
|
Designation : |
Director |
|
Address : |
302, Shreedhar Palace 34 Sir Bhalchandra Road, Dadar (East), Mumbai-400014, Maharashtra, India |
|
Date of Birth/Age : |
21.01.1964 |
|
Qualification : |
B.com, LLB, FCA |
|
Date of Appointment : |
18.10.2014 |
|
PAN No.: |
AABPK1577D |
|
DIN No.: |
01402864 |
|
|
|
|
Name : |
Mrs. Surekha Ganesh Devi |
|
Designation : |
Director |
|
Address : |
10, Spring View, Vasana Road, Vadodara-390015, Gujarat, India |
|
Date of Birth/Age : |
18.12.1950 |
|
Qualification : |
M.sc, Ph. D |
|
Date of Appointment : |
18.10.2014 |
|
PAN No.: |
AEFPD4073F |
|
DIN No.: |
06982145 |
|
|
|
|
Name : |
Mr. Atulkumar Jagdishprasad Garg |
|
Designation : |
Director |
|
Address : |
A-24, Shivneri Vasna Road, Vadodara-390007, Gujarat, India |
|
Date of Birth/Age : |
23.08.1961 |
|
Qualification : |
M.sc |
|
Date of Appointment : |
30.12.2014 |
|
PAN No.: |
ACDPG8827C |
|
DIN No.: |
07042942 |
KEY EXECUTIVES
|
Name : |
Mr. Amish Maheshchandra Sheth |
|
Designation : |
Company Secretary |
|
Address : |
02, Shanti Nagar, Near Iti Tarsali Road, Vadodara –
390009, Gujarat, India |
|
Date of Appointment : |
20.01.2018 |
|
PAN No.: |
BVMPS6914D |
|
|
|
|
Name : |
Ms. Rose Main |
|
Designation : |
Personal Assistant of Director |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 26.08.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
99.27 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
0.73 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture, exporter, importer, supplier of other electonic and electric Wires and Cables in which insulated wires and Cables made of steel, copper and aluminium. (Registered activity and also confirmed by management) |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
L/C, Cheque and NEFT |
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Purchasing : |
L/C, Cheque and NEFT |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesaler
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No. of Employees : |
28 (Approximately) |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Lalit R. Mehta and Associates Chartered Accountants |
|
Address : |
Prasanna House, Associated Society, Akota, Vadodara - 390020, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAUPM0018Q |
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|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
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Related Parties :: |
|
CAPITAL STRUCTURE
AFTER 26.08.2017
Authorised Capital : INR 300.000 Million
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3460000 |
Equity Shares |
INR 10/- each |
INR 34.600 Million |
|
|
|
|
|
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3460000 |
Equity Shares |
INR 10/- each |
INR 34.600 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 |
34.600 |
34.600 |
34.600 |
|
(b) Reserves and Surplus |
676.341 |
528.174 |
432.005 |
|
(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) |
710.941 |
562.774 |
466.605 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
25.930 |
31.907 |
51.889 |
|
(b) Deferred tax liabilities (Net) |
17.535 |
16.763 |
17.929 |
|
(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) |
43.465 |
48.670 |
69.818 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
432.721 |
389.887 |
321.925 |
|
(b) Trade
payables |
117.764 |
125.192 |
102.074 |
|
(c) Other
current liabilities |
26.280 |
21.439 |
20.352 |
|
(d) Short-term
provisions |
26.454 |
16.394 |
30.874 |
|
Total Current
Liabilities (4) |
603.218 |
552.912 |
475.225 |
|
|
|
|
|
|
TOTAL |
1357.625 |
1164.356 |
1011.648 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
410.951 |
352.204 |
359.296 |
|
(ii)
Intangible Assets |
0.200 |
0.200 |
0.231 |
|
(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 |
0.800 |
0.800 |
0.800 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
9.394 |
13.397 |
10.914 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
421.345 |
366.601 |
371.241 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
335.751 |
245.614 |
282.863 |
|
(c) Trade
receivables |
505.903 |
466.284 |
300.269 |
|
(d) Cash and
bank balances |
42.187 |
39.658 |
9.837 |
|
(e) Short-term
loans and advances |
33.542 |
21.234 |
28.875 |
|
(f) Other
current assets |
18.897 |
24.965 |
18.563 |
|
Total
Current Assets |
936.279 |
797.755 |
640.407 |
|
|
|
|
|
|
TOTAL |
1357.625 |
1164.356 |
1011.648 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2606.978 |
2435.011 |
1844.116 |
|
|
Other Income |
13.565 |
10.427 |
13.436 |
|
|
TOTAL |
2620.543 |
2445.438 |
1857.552 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1882.562 |
1747.593 |
1338.682 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.684 |
0.454 |
8.018 |
|
|
Employee benefit expense |
93.966 |
86.752 |
37.253 |
|
|
CSR expenditure |
3.500 |
2.500 |
2.061 |
|
|
Other expenses |
297.209 |
267.268 |
229.979 |
|
|
Prior period items before tax |
0.434 |
0.471 |
0.294 |
|
|
TOTAL |
2278.355 |
2105.038 |
1616.287 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
342.188 |
340.400 |
241.265 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
48.855 |
50.910 |
48.998 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
293.333 |
289.490 |
192.267 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
41.097 |
44.289 |
55.085 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
252.236 |
245.201 |
137.182 |
|
|
|
|
|
|
|
Less |
TAX |
87.411 |
86.567 |
44.995 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
164.825 |
158.634 |
92.187 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
47.637 |
45.848 |
26.644 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
23.980 |
19.980 |
19.980 |
|
Cash generated from operations |
259.052 |
287.572 |
136.296 |
|
Net cash flows from (used in) operations |
172.414 |
199.840 |
87.891 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
70.83 |
69.89 |
59.43 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.15 |
5.22 |
6.14 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
22.83 |
26.15 |
27.83 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.02 |
1.39 |
0.85 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.83 |
0.97 |
0.67 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.48 |
0.52 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.68 |
0.78 |
0.84 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.85 |
0.98 |
1.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.58 |
0.63 |
0.77 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
7.00 |
6.69 |
4.92 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.32 |
6.51 |
5.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.14 |
13.62 |
9.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
23.18 |
28.19 |
19.76 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.55 |
1.44 |
1.35 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.00 |
1.00 |
0.75 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.52 |
0.48 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
13.95 |
12.77 |
11.38 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.55 |
1.44 |
1.35 |
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 |
34.600 |
34.600 |
34.600 |
|
Reserves & Surplus |
432.005 |
528.174 |
676.341 |
|
Net
worth |
466.605 |
562.774 |
710.941 |
|
|
|
|
|
|
Long-term borrowings |
51.889 |
31.907 |
25.930 |
|
Short term borrowings |
321.925 |
389.887 |
432.721 |
|
Current maturities of
long-term debts |
19.980 |
19.980 |
23.980 |
|
Total
borrowings |
393.794 |
441.774 |
482.631 |
|
Debt/Equity
ratio |
0.844 |
0.785 |
0.679 |
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 |
1844.116 |
2435.011 |
2606.978 |
|
|
0.000 |
32.042 |
7.062 |
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 |
1844.116 |
2435.011 |
2606.978 |
|
Profit/ (Loss) |
92.187 |
158.634 |
164.825 |
|
|
5.00
% |
6.51
% |
6.32
% |
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 |
Yes |
|
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 |
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 |
Yes |
|
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 |
OPERATIONS:
During the year the turnover of the Company was INR 2606.978 Million, as against INR 2435.011 Million in the previous year, an increase of 7.06 % from the previous year. The Profit before Depreciation and Tax was INR 293.764 Million.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loans from banks |
87.500 |
117.500 |
|
Total |
87.500 |
117.500 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G14248082 |
10017708 |
BANK OF BARODA |
02/09/2006 |
15/09/2016 |
- |
709900000.0 |
ATMAJYOTI ASHRAM ROAD BRANCH,INDRAPRASTHA BUILDINGOPP. VEGETABLE MARKET, ELLORA PARKVADODARAGJ390007IN |
|
2 |
G14247233 |
90101121 |
BANK OF BARODA |
22/06/2005 |
16/09/2016 |
- |
709900000.0 |
ATMAJYOTI ASHRAM ROAD BRANCH, INDRAPRASTHA BLDOPP: VEGETABLE MARKET, ELLORA PARK,VADODARAGJ390007IN |
|
3 |
G76066554 |
90100720 |
BANK OF BARODA |
10/07/2000 |
- |
22/01/2018 |
67000000.0 |
ATMA JYOTI ASHRAM ROAD BRANCHELLORA PARKBARODAGJ390007IN |
FIXED ASSETS:
- Land
- Buildings
- Plant and Equipment
- Factory Equipments
- Furniture and Fixtures
- Vehicles
- Motor Vehicles
- Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.06 |
|
|
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RKI |
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.