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MIRA INFORM REPORT
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Report No. : |
503273 |
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Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
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Name : |
KULODAY PLASTOMERS PRIVATE LIMITED |
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Registered
Office : |
D-1601, 16th Floor, Lotus Corporate Park, W.E. Highway,
Near Jay Coach Signal, Goregaon (East), Mumbai – 400063, Maharashtra |
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Tel. No.: |
91-22-62297000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
21.07.1995 |
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Com. Reg. No.: |
11-090868 |
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Capital
Investment / Paid-up Capital : |
INR 62.370 Million |
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CIN No.: [Company Identification
No.] |
U25202MH1995PTC090868 |
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IEC No.: [Import-Export Code No.] |
0396052479 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCK6528R1ZV |
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PAN No.: [Permanent Account No.] |
AABCK6528R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Subject is engaged in the business of manufactures, importer, exporter, distributor, processors, agent and dealers in all kinds of printed or non – printed packaging materials in all it’s forms and varieties. (Registered activity) |
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No. of Employees
: |
Information declined by the management (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 220000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1995 and is a manufacturer, importer, exporter, distributor, processor, agent and dealer in all kinds of printed or non-printed packaging materials.
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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 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low
Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High
Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Borrowing (Issuer Not Cooperating) = BB |
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Rating Explanation |
Moderate risk of default. |
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Date |
05.04.2018 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Borrowing (Issuer Not Cooperating) = A4 |
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Rating Explanation |
Minimal degree of safety and very high credit risk. |
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Date |
05.04.2018 |
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.:
91-22-62297000
LOCATIONS
|
Registered Office : |
D-1601, 16th Floor, Lotus Corporate Park, W.E. Highway, Near
Jay Coach Signal, Goregaon (East), Mumbai – 400063, Maharashtra, India
|
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Tel. No.: |
91-22-62297000 / 42953073 |
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Fax No.: |
91-22-42953073 |
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E-Mail : |
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Website : |
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Postal Address : |
121, Udyog Bhavan, Sonawala Road, Goregaon (East), Mumbai – 400063,
Maharashtra, India |
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Factory 1 : |
644/29, Agarwal Estate, Somnath Road, Dhabel Village, Daman– 396210,
Daman and Diu (U.T.), India |
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Tel. No.: |
91-260-2243005 |
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Fax No.: |
91-260-2241005 |
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Factory 2 : |
644/10 and 11, Gala No. 1, 2 and 3, Agarwal Industrial Estate, Somnath Road, Village - Dabhel, Daman - 396210, Daman and Diu (U.T.), India |
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Factory 3 : |
Survey No. 168/111-B and 112-B, Agarwal Industrial Estate, Village Dabhel, Nani Daman, Daman - 396 210, Daman and Diu (U.T.), India |
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Factory 4 : |
Survey No. 175/2, 175/3, and 176/1, Opposite Wellmac Plastic, Village Dabhel, Nani Daman, Daman - 396 210, Daman and Diu (U.T.), India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Amol Kumar Subodhkumar Chokhani |
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Designation : |
Director |
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Address : |
Flat
No 701-7th Floor Ganga Building, 16, Rani Sati Marg, Malad (East), Mumbai - 400097,
Maharashtra, India |
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Date of Birth/Age : |
29.09.1968 |
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Qualification : |
MBA, BBA |
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Date of Appointment : |
01.08.2005 |
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PAN No.: |
AEYPC0519E |
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DIN No.: |
01781686 |
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Other Directorship:
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Name : |
Mrs. Meenadevi Subodhkumar Chokhani |
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Designation : |
Director |
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Address : |
Flat No 701-7th Floor Ganga Building, 16, Rani Sati Marg, Malad (East), Mumbai - 400097, Maharashtra, India |
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Date of Birth/Age : |
19.11.1984 |
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Qualification : |
B.Com |
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Date of Appointment : |
21.07.1995 |
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PAN No.: |
AAAPC9810E |
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DIN No.: |
02821994 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Amol Chokhani |
5657850 |
90.71 |
|
Reena Chokhani |
186219 |
2.99 |
|
Meenadevi S. Chokhani |
274131 |
4.40 |
|
Subodhkumar P. Chokhani (HUF) |
118800 |
1.90 |
|
Total |
6237000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in the business of manufactures, importer, exporter, distributor, processors, agent and dealers in all kinds of printed or non – printed packaging materials in all it’s forms and varieties. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
SGCO and Co LLP Chartered Accountants |
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Address : |
4 A , Kaledonia-HDIL, 2nd Floor, Sahar Road, Near Andheri Station, Andheri (East), Mumbai-400069, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFS7106D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
U25203MH2012PTC237355 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
6237000 |
Equity Shares |
INR 10/- each |
INR 62.370 Million |
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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 |
62.370 |
62.370 |
44.100 |
|
(b) Reserves and Surplus |
14.569 |
0.079 |
10.292 |
|
(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) |
76.939 |
62.449 |
54.392 |
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
102.547 |
88.380 |
62.460 |
|
(b) Deferred tax liabilities (Net) |
13.249 |
8.403 |
6.811 |
|
(c) Other long-term
liabilities |
38.904 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.400 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
155.100 |
96.783 |
69.271 |
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|
|
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(4)
Current Liabilities |
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|
|
|
(a) Short-term
borrowings |
83.251 |
79.342 |
73.790 |
|
(b) Trade
payables |
74.238 |
137.491 |
102.342 |
|
(c) Other
current liabilities |
41.359 |
41.814 |
6.589 |
|
(d) Short-term
provisions |
2.779 |
2.145 |
2.230 |
|
Total Current
Liabilities (4) |
201.627 |
260.792 |
184.951 |
|
|
|
|
|
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TOTAL |
433.666 |
420.024 |
308.614 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
240.474 |
173.581 |
91.134 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.453 |
0.453 |
0.453 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
4.138 |
1.754 |
12.307 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.628 |
|
Total Non-Current
Assets |
245.065 |
175.788 |
104.522 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
58.793 |
133.535 |
90.717 |
|
(c) Trade
receivables |
93.019 |
70.091 |
77.110 |
|
(d) Cash and
bank balances |
11.754 |
22.370 |
20.107 |
|
(e) Short-term
loans and advances |
23.816 |
16.064 |
16.158 |
|
(f) Other
current assets |
1.219 |
2.176 |
0.000 |
|
Total
Current Assets |
188.601 |
244.236 |
204.092 |
|
|
|
|
|
|
TOTAL |
433.666 |
420.024 |
308.614 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
854.186 |
652.020 |
506.760 |
|
|
Other Income |
31.428 |
7.288 |
10.306 |
|
|
TOTAL |
885.614 |
659.308 |
517.066 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
663.637 |
463.717 |
400.589 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
11.020 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
18.229 |
39.366 |
(22.892) |
|
|
Employee benefit expense |
24.316 |
21.090 |
13.617 |
|
|
Other expenses |
129.343 |
99.877 |
87.333 |
|
|
TOTAL |
835.525 |
624.050 |
489.667 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
50.089 |
35.258 |
27.399 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.504 |
11.075 |
12.834 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
37.585 |
24.183 |
14.565 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
15.523 |
10.918 |
6.537 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
22.062 |
13.265 |
8.028 |
|
|
|
|
|
|
|
Less |
TAX |
7.572 |
5.208 |
2.593 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
14.490 |
8.057 |
5.435 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
FOB Value of Exports |
659.827 |
435.015 |
296.113 |
|
|
TOTAL EARNINGS |
659.827 |
435.015 |
296.113 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
421.513 |
225.453 |
|
|
Stores & Spares |
NA |
1.499 |
1.403 |
|
|
Capital Goods |
NA |
11.619 |
5.871 |
|
|
TOTAL
IMPORTS |
NA |
434.631 |
232.727 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.32 |
1.29 |
0.87 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
25.359 |
18.564 |
0.000 |
|
Net cash flows from (used in) operations |
58.271 |
52.740 |
20.046 |
|
Net cash flows from (used in) operating activities |
53.946 |
51.226 |
18.092 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
39.75 |
39.24 |
55.54 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
9.18 |
9.30 |
6.57 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
40.83 |
108.22 |
90.75 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.85 |
0.26 |
0.30 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.21 |
0.20 |
0.30 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.76 |
0.88 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.74 |
2.98 |
2.50 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.62 |
4.18 |
3.40 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
3.13 |
2.78 |
1.68 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.01 |
3.18 |
2.13 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.70 |
1.24 |
1.07 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.34 |
1.92 |
1.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.83 |
12.90 |
9.99 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.94 |
0.94 |
1.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.64 |
0.42 |
0.61 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.18 |
0.15 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.39 |
2.99 |
3.09 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.94 |
0.94 |
1.10 |
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 |
44.100 |
62.370 |
62.370 |
|
Reserves & Surplus |
10.292 |
0.079 |
14.569 |
|
Net
worth |
54.392 |
62.449 |
76.939 |
|
|
|
|
|
|
Long-term borrowings |
62.460 |
88.380 |
102.547 |
|
Short term borrowings |
73.790 |
79.342 |
83.251 |
|
Current maturities of
long-term debts |
0.000 |
18.564 |
25.359 |
|
Total
borrowings |
136.250 |
186.286 |
211.157 |
|
Debt/Equity
ratio |
2.505 |
2.983 |
2.744 |
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 |
506.760 |
652.020 |
854.186 |
|
|
0.000 |
28.664 |
31.006 |
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 |
506.760 |
652.020 |
854.186 |
|
Profit/ (Loss) |
5.435 |
8.057 |
14.490 |
|
|
1.07
% |
1.24
% |
1.70
% |
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 |
Yes |
|
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 |
STATE OF COMPANY’S AFFAIRS:
The Company is engaged in the business of manufactures, importer, exporter, distributor, processors, agent and dealers in all kinds of printed or non – printed packaging materials in all it’s forms and varieties. There has been no change in the business of the Company during the financial year ended 31st March, 2017.
The highlights of the
Company’s performance as compared to the FY 2015-16 are as under:-
Revenue from operations increased from INR 652.020 Million to INR 854.186 Million. The Company incurred a profit of INR 14.490 Million as compared to INR 8.057 Million. Earnings per share (EPS) is INR 2.32/- against EPS of INR 1.29/-.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
48.730 |
50.112 |
|
|
|
|
|
Total |
48.730 |
50.112 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G33887407 |
100073344 |
12/01/2017 |
- |
- |
20000000.0 |
2nd Floor, Trans Trade CentreMIDC, Andheri EastMumbaiMH400093IN |
|
2 |
G34592121 |
100047580 |
01/01/2016 |
12/12/2016 |
- |
262600000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN |
|
3 |
G07849730 |
90159485 |
24/11/1995 |
14/11/2006 |
11/07/2016 |
5000000.0 |
Malad (East) branch, Off.Rani Sati Marg ,Malad (East)MumbaiMH400097IN |
|
4 |
G07846421 |
80017540 |
24/11/1995 |
14/11/2006 |
11/07/2016 |
5000000.0 |
Malad (East) Branch , Off. Rani Sati Marg ,Malad (East)MumbaiMH400097IN |
|
5 |
G07836299 |
10034339 |
08/01/2007 |
- |
11/07/2016 |
3000000.0 |
Malad (East) branch, Off.Rani Sati Marg ,Malad (East) ,MumbaiMH400097IN |
|
6 |
G07842735 |
10095874 |
21/02/2008 |
15/04/2015 |
11/07/2016 |
105000000.0 |
Malad (West) Branch, Opp. Nataraj Market,Swami Vivekanand Road,Malad (West)MumbaiMH400064IN |
|
7 |
G07843717 |
10208953 |
22/02/2010 |
- |
11/07/2016 |
7500000.0 |
Malad (West) Branch, Opp. Nataraj Market ,S V Road , Malad (West)MumbaiMH400064IN |
|
8 |
G07847338 |
90154981 |
29/11/1995 |
23/02/1998 |
11/07/2016 |
3234500.0 |
MALAD EAST) BRANCHMUMBAIMH400097IN |
|
9 |
G07838048 |
10035009 |
08/01/2007 |
- |
11/07/2016 |
3000000.0 |
Malad (East) branch, Off.Rani Sati Marg ,Malad (East) ,MumbaiMH400097IN |
|
10 |
G08391187 |
10141322 |
13/01/2009 |
- |
11/07/2016 |
5250000.0 |
Malad (West) Branch, Opp. Nataraj Market ,S V Road , Malad (West)MumbaiMH400064IN |
FIXED ASSETS
- Buildings
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- 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 64.92 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 79.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
SUJ |
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.