|
|
|
MIRA INFORM REPORT
|
Report No. : |
503601 |
|
Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
AKRY ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-318, Ahura Centre, 82 Mahakali Caves Road, Andheri (East), Mumbai -
400093, Maharashtra |
|
Tel. No.: |
91-22-30863372 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
08.04.1993 |
|
|
|
|
Com. Reg. No.: |
11-071527 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 3.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1993PTC071527 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
27AAACA6005E1Z9 |
|
|
|
|
TIN No: |
27810236716 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA6005E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
· The Company is engaged in the business of Manufacturing, Trading and Selling of Glycols (Chemicals). · Manufacture of organic and inorganic chemical compounds. (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1993 having
good track. For the financial year ended 2017, revenue of the company has slightly
decline. However, it has witnessed a growth in its profit and has achieved
good profit margin at 9.90% (approx.) The company possesses sound financial profile marked by healthy net
worth base along with negligible debt recorded and favourable gap between
trade payables to its trade receivables. The company also derives strength from its established track record of
business operations and good earnings per share of the company (i.e., earning
per share of INR 614 against face value of INR 10). Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payment terms
are seems to be usually correct and as per commitments. In view of the aforesaid, the
company can be considered for business dealings at usual trade terms and
conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
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 13.04.2018
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 (Tel No.: 91-22-30863372)
LOCATIONS
|
Registered Office : |
A-318, Ahura Centre, 82 Mahakali Caves Road, Andheri (East), Mumbai
-400093, Maharashtra, India |
|
Tel. No.: |
91-22-30863372/ 30863356/ 30863350/ 30863351 |
|
Fax No.: |
91-22-30863350 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 20 and 21, MIDC, Tarapur, Boisar, Palghar – 401506, Thane,
Maharashtra, India |
|
Tel. No.: |
91-2525-324455 |
|
Fax No.: |
91-2525-274452 |
|
|
|
|
Branch Office 1 : |
302, Parshva Chambers, 17/21, Issaji Street, Vadgadi, Mumbai – 400003,
Maharashtra, India |
|
Tel. No.: |
91-22-32552336 |
|
Fax No.: |
91-22-23447472 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Kamlesh Ramanlal Sanghavi |
|
Designation : |
Managing Director |
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Date of Birth/Age : |
16.05.1953 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
08.04.1993 |
|
PAN No.: |
AAFPS9315P |
|
DIN No.: |
01095263 |
|
|
|
|
Name : |
Mrs. Daksha Kamlesh Sanghavi |
|
Designation : |
Director |
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Date of Birth/Age : |
09.07.1958 |
|
Date of Appointment : |
12.06.1993 |
|
PAN No.: |
AAFPS9314N |
|
DIN No.: |
01095274 |
|
|
|
|
Name : |
Mr. Mitul Kamlesh Sanghavi |
|
Designation : |
Whole-time Director |
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Date of Birth/Age : |
29.11.1980 |
|
Date of Appointment : |
01.04.2004 |
|
PAN No.: |
AKJPS2266F |
|
DIN No.: |
01095282 |
|
|
|
|
Name : |
Mr. Pratik Kamlesh Sanghavi |
|
Designation : |
Whole-time Director |
|
Address : |
Anupam, 10 Ansari Road, Vile Parle (West), Mumbai – 400056, Maharashtra,
India |
|
Date of Birth/Age : |
23.01.1984 |
|
Date of Appointment : |
01.01.2006 |
|
PAN No.: |
ARCPS5470M |
|
DIN No.: |
01095287 |
KEY EXECUTIVES
|
Name : |
N. Bafna and Company |
|
Designation : |
Company Secretaries |
|
Address : |
C-47, Niranjan, Gandhi Chowk, Next to Reti Bhavan, M. G. Road, Dombivli (West), Thane – 421202, Maharashtra, India |
|
Tel. No: |
91-251- 2484763 / 2482948 |
|
Mob. No: |
91- 9821345670 |
|
Email: |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Equity Shareholders |
No. of Shares |
|
Kamlesh Sanghvi |
120000 |
|
Dakshan Sanghvi |
110000 |
|
Mitul Sanghvi |
25000 |
|
Pratik Sanghvi |
25000 |
|
Total |
280000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Kamlesh Sanghvi |
500 |
|
Daksha Sanghvi |
49000 |
|
Mitul Sanghvi |
500 |
|
Total |
50000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
· The Company is engaged in the business of Manufacturing, Trading and Selling of Glycols (Chemicals). · Manufacture of organic and inorganic chemical compounds. (Registered Activity) |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
K. K. Garg and Company Chartered Accountants |
|
Address : |
413/415, Hind Rajasthan Building, Dadasaheb Phalke Marg, Dadar (East), Mumbai -400014, Maharashtra, India |
|
Tel. No.: |
91-22-24112575 |
|
Fax No.: |
91-22-24113102 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABPG4441L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company
: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
INR 10/- each |
INR 7.000 Million |
|
50000 |
Preference Shares |
INR 10/- each |
INR 0.500 Million |
|
|
Total |
|
INR 7.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
280000 |
Equity Shares |
INR 10/- each |
INR 2.800 Million |
|
50000 |
Preference Shares |
INR 10/- each |
INR 0.500 Million |
|
|
Total |
|
INR 3.300 Million |
FINANCIAL DATA
[all figures are
in Rupees 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 |
3.300 |
3.300 |
3.300 |
|
(b) Reserves and Surplus |
1413.068 |
1241.057 |
1219.293 |
|
(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) |
1416.368 |
1244.357 |
1222.593 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
123.684 |
283.282 |
210.141 |
|
(b) Deferred tax liabilities (Net) |
41.414 |
41.227 |
41.565 |
|
(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) |
165.098 |
324.509 |
251.706 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
477.641 |
512.182 |
361.395 |
|
(b) Trade
payables |
193.250 |
112.167 |
213.316 |
|
(c) Other current
liabilities |
204.685 |
176.447 |
181.991 |
|
(d) Short-term
provisions |
1.730 |
1.383 |
1.482 |
|
Total Current
Liabilities (4) |
877.306 |
802.179 |
758.184 |
|
|
|
|
|
|
TOTAL |
2458.772 |
2371.045 |
2232.483 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
548.997 |
562.796 |
572.498 |
|
(ii)
Intangible Assets |
0.299 |
0.641 |
0.763 |
|
(iii) Tangible assets
capital work-in-progress |
67.370 |
87.724 |
60.876 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.264 |
10.132 |
10.900 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
30.663 |
29.887 |
30.460 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
656.593 |
691.180 |
675.497 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
11.459 |
111.600 |
4.585 |
|
(b)
Inventories |
1168.316 |
1067.541 |
1064.889 |
|
(c) Trade
receivables |
401.573 |
326.774 |
281.707 |
|
(d) Cash and
bank balances |
37.355 |
13.567 |
31.281 |
|
(e)
Short-term loans and advances |
183.359 |
160.375 |
174.203 |
|
(f) Other
current assets |
0.117 |
0.008 |
0.321 |
|
Total
Current Assets |
1802.179 |
1679.865 |
1556.986 |
|
|
|
|
|
|
TOTAL |
2458.772 |
2371.045 |
2232.483 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1737.341 |
1939.060 |
2505.075 |
|
|
Other Income |
29.563 |
27.008 |
0.710 |
|
|
TOTAL |
1766.904 |
1966.068 |
2505.785 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
907.157 |
1065.165 |
1218.306 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
35.625 |
23.980 |
(17.394) |
|
|
Employee benefit expense |
76.404 |
55.543 |
50.004 |
|
|
Other expenses |
394.115 |
442.916 |
450.554 |
|
|
TOTAL |
1413.301 |
1587.604 |
1701.970 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
353.603 |
378.464 |
803.815 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
21.017 |
84.630 |
85.060 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
332.586 |
293.834 |
718.755 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
67.345 |
68.436 |
61.677 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
265.241 |
225.398 |
657.078 |
|
|
|
|
|
|
|
Less |
TAX |
93.224 |
85.677 |
230.118 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
172.017 |
139.721 |
426.960 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
1236.983 |
1215.219 |
788.901 |
|
|
|
|
|
|
|
Less |
Adjusted Depreciation Sch. II |
0.000 |
0.000 |
0.637 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Proposed Dividend on Equity Shares |
0.000 |
98.000 |
0.000 |
|
|
Tax on Proposed Dividend |
0.000 |
19.951 |
0.000 |
|
|
Dividend Tax on Preference Shares |
0.001 |
0.001 |
0.000 |
|
|
Preference Shares |
0.005 |
0.005 |
0.005 |
|
|
Balance
Carried to the B/S |
1408.994 |
1236.983 |
1215.219 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
383.887 |
565.708 |
674.746 |
|
|
TOTAL EARNINGS |
383.887 |
565.708 |
674.746 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
749.416 |
639.350 |
608.843 |
|
|
TOTAL IMPORTS |
749.416 |
639.350 |
608.843 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
614.00 |
499.007 |
1525.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
157.909 |
144.390 |
157.413 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
265.408 |
175.135 |
996.267 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
138.515 |
60.246 |
742.726 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
84.37 |
61.51 |
41.05 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
4.33 |
5.93 |
8.89 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
77.76 |
38.44 |
63.91 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.30 |
0.35 |
0.75 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.57 |
0.58 |
1.27 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.47 |
0.52 |
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.54 |
0.76 |
0.60 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.62 |
0.64 |
0.62 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.44 |
0.52 |
0.52 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
16.82 |
4.47 |
9.45 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
9.90 |
7.21 |
17.04 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
7.00 |
5.89 |
19.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
12.14 |
11.23 |
34.92 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
2.05 |
2.09 |
2.05 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.72 |
0.76 |
0.65 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.58 |
0.52 |
0.55 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
230.07 |
284.80 |
220.89 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
2.05 |
2.09 |
2.05 |
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 |
3.300 |
3.300 |
3.300 |
|
Reserves & Surplus |
1219.293 |
1241.057 |
1413.068 |
|
Net
worth |
1222.593 |
1244.357 |
1416.368 |
|
|
|
|
|
|
Long-term borrowings |
210.141 |
283.282 |
123.684 |
|
Short term borrowings |
361.395 |
512.182 |
477.641 |
|
Current maturities of
long-term debts |
157.413 |
144.390 |
157.909 |
|
Total
borrowings |
728.949 |
939.854 |
759.234 |
|
Debt/Equity
ratio |
0.596 |
0.755 |
0.536 |
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 |
2505.075 |
1939.060 |
1737.341 |
|
|
|
(22.595) |
(10.403) |
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 |
2505.075 |
1939.060 |
1737.341 |
|
Profit/ (Loss) |
426.960 |
139.721 |
172.017 |
|
|
17.04
% |
7.21
% |
9.90
% |
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 |
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 |
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 two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF BUSINESS OPERATIONS
AND FUTURE PROSPECTS:
The Company’s working of the year is not favorable.
The turnover of the company declined by 11.19% compare to previous year. However the profit before tax and after tax has gone up by 17.68% and 23.11% respectively compare to previous year
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and
advances from related parties |
23.354 |
101.986 |
|
Deferred sales
tax loans |
34.610 |
36.464 |
|
Total |
57.964 |
138.450 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G42916452 |
100095005 |
IDFC BANK LIMITED |
23/03/2017 |
- |
- |
300000000.0 |
KRM Tower, 7th Floor, No. 1,Harrington Road, Chetpet,ChennaiTa600031IN |
|
2 |
C81280810 |
10592922 |
HDFC BANK LIMITED |
31/08/2015 |
18/02/2016 |
- |
126000000.0 |
Emerging Corporates Group, Peninsula Business ParkTower B, 4th Floor, Unit No. 401 &402, Lower ParelMumbaiMH400013IN |
|
3 |
G77290591 |
10444561 |
RBL BANK LIMITED |
26/03/2013 |
07/02/2018 |
- |
190000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMa416001IN |
|
4 |
B36669620 |
10346583 |
INDUSIND BANK LTD. |
07/03/2012 |
- |
- |
100000000.0 |
GROUND FLOOR, HOTEL PANCHMAHAL CHOMPLEX,KODIALBAIL,MANGALOREKA575003IN |
|
5 |
C63986210 |
10330031 |
YES BANK LIMITED |
27/03/2011 |
17/08/2015 |
- |
220000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
6 |
C64117773 |
10274980 |
Standard Chartered Bank |
21/03/2011 |
18/08/2015 |
- |
300000000.0 |
Crescenzo 3A/F, Plot no. C-38 & C-39, G Block,Bandra Kurla Complex, Bandra EastMumbaiMH400051IN |
|
7 |
G36621035 |
10232845 |
Citi Bank N.A. |
06/08/2010 |
18/01/2017 |
- |
125000000.0 |
First International Financial Centre,9th FloorPlot No. C-54 & 55, BKC, Bandra (E)MumbaiMH400051IN |
|
8 |
B78512662 |
10150597 |
DBS BANK LTD. |
25/02/2009 |
25/06/2013 |
- |
150000000.0 |
3rd Floor, Fort House,Dr. D N Road, FortMumbaiMH400001IN |
|
9 |
C06071336 |
10056896 |
HDFC BANK LIMITED |
23/05/2007 |
20/03/2014 |
- |
170000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WESTMUMBAIMH400013IN |
|
10 |
G50817832 |
10439955 |
HDFC BANK LIMITED |
04/07/2013 |
29/07/2013 |
14/08/2017 |
140000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Furniture and fixtures
- Computer equipments
- Plant and equipment
- Vehicles
- Office equipment
Intangible assets
- Goodwill
- Computer software
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 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 65.35 |
|
|
1 |
INR 92.70 |
|
Euro |
1 |
INR 80.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
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.