|
|
|
MIRA INFORM REPORT
|
Report No. : |
503192 |
|
Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
BHAVIK ENTERPRISES LIMITED |
|
|
|
|
Registered
Office : |
49, Jayakar Smruti, Off Aarey Road, Goregaon (West), Mumbai – 400062,
Maharashtra |
|
Tel. No.: |
91-22-28727897/ 33410000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
15.09.2008 |
|
|
|
|
Com. Reg. No.: |
11-186771 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 52.860 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2008PLC186771 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0398020868 |
|
|
|
|
TIN No.: |
27730686258 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCB5606P |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AADCB5606P1ZD |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
24 (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 |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Bhavik Enterprises Limited is a trader and importer of plastic
granules and also the authorized agent for multi-national company. The
company was incorporated in the year 2008 and is based in Mumbai,
Maharashtra. It is an established company having good track. For the FY ended 2017, revenue and profit of the company has slightly
decline. However, it has been able to achieve fair profit margin at 2.08%
(approximately). The company possesses healthy financial position marked by adequate
net worth base along with debt free balance sheet and favourable gap between
trade payables t trade receivables. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitments. In view of 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.
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 |
SMERA |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
11.04.2017 |
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 14.04.2018
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. Mukesh Natwerlal Thakkar |
|
Designation : |
Director |
|
Contact No.: |
91-9820076376 |
|
Date : |
11.04.2018 |
LOCATIONS
|
Registered Office : |
49, Jayakar Smruti, Off Aarey Road, Goregaon (West), Mumbai – 400062,
Maharashtra, India |
|
Tel. No.: |
91-22-28727897/ 33410000 |
|
Mobile No.: |
91-9820076376 (Mr. Mukesh Natwerlal
Thakkar) |
|
Fax No.: |
91-22-28757449 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial and Industrial |
|
|
|
|
Corporate Office: |
1105, 11th Floor, DLH Park, Opposite MTNL Telephone Exchange, S.V.
Road, Goregaon (West), Mumbai - 400062, Maharashtra, India |
|
Tel. No.: |
91-22-33410000 |
|
Fax No.: |
91-22-33410099 |
|
|
|
|
Godown 1 : |
G-18, Chirag Industrial Complex, 39/40, Golden Industrial Area,
Somnath Road, Dabhel Village, Daman – 386210, Gujarat, India |
|
Tel No.: |
91-260-2242687 |
|
Area: |
4000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Godown 2 : |
Gala No.1, Building No.9, Agarwal Udyog Nagar, Vasai (East), Thane – 401205, Maharashtra,
India |
|
Tel No. |
95-250-2452787 |
|
Area |
7000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Godown 3 : |
14/17, Saraf Udyog Bhavan, Near Chincholi Phatak, Malad (West), Mumbai
– 400064, Maharashtra, India |
|
|
|
|
Depots : |
Located at: ·
Maharashtra ·
Gujarat ·
Daman ·
Silvassa |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Mukesh Natwerlal Thakkar |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
703/A, Marble Arch, 51 TPS Road, Borivali (West), Mumbai – 400092,
Maharashtra, India |
||||||||
|
Date of Birth/Age : |
22.07.1955 |
||||||||
|
Qualification : |
Graduate |
||||||||
|
Date of Appointment : |
15.09.2008 |
||||||||
|
PAN No.: |
AAAPT6736C |
||||||||
|
DIN No.: |
01867515 |
||||||||
|
Other
Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Bhavik Mukesh Thakkar |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
703/A, Marble Arch, 51 TPS Road, Borivali (West), Mumbai – 400092,
Maharashtra, India |
||||||||
|
Date of Birth/Age : |
11.06.1979 |
||||||||
|
Qualification : |
Graduate |
||||||||
|
Date of Appointment : |
15.09.2008 |
||||||||
|
PAN No.: |
AAXPT3875F |
||||||||
|
DIN No.: |
01867522 |
||||||||
|
Other
Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Mrs. Purnima Mukesh Thakkar |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
A/71, Benhur Apartment, Chandavarkar Lane, Borivali (West), Mumbai – 400092,
Maharashtra, India |
||||||||
|
Date of Birth/Age : |
26.12.1956 |
||||||||
|
Qualification : |
Graduate |
||||||||
|
Date of Appointment : |
15.09.2008 |
||||||||
|
PAN No.: |
ACAPT7921R |
||||||||
|
DIN No.: |
02262042 |
||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Mukesh N Thakkar |
|
1208000 |
|
Purnima Mukesh Thakkar |
|
3028000 |
|
Bhavik Mukesh Thakkar |
|
825500 |
|
Umesh N Thakkar |
|
224500 |
|
Dhwani M Tanna |
|
1 |
|
Neha B Thakkar |
|
1 |
|
Vidhi U Thakkar |
|
1 |
|
|
|
|
|
Total |
|
5286003 |
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 : |
|
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Agencies Held : |
|
||||||||
|
|
|
||||||||
|
Exports : |
Not Available |
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|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
Middle East Countries |
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Cash, L/C, Credit (30 Days) |
||||||||
|
|
|
||||||||
|
Purchasing : |
Cash, L/C, Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Manufacturers, Retailers, End users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
24 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Suresh Shah and Company Chartered Accountants |
|
Address : |
S-15, Sej Plaza, Near Nutan School, Marve Road, Malad
(West), Mumbai – 400064, Maharashtra, India |
|
Tel No.: |
91-22-28012075 |
|
Mobile No.: |
91-9820562075 |
|
Income-tax
PAN of auditor or auditor's firm : |
AIOPS2773C |
|
|
|
|
Secretarial
Auditors : |
|
|
Name : |
Krishma Kothari and Assocaites |
|
Address : |
Office No. 1, Mulchand Mansion, Vithalwadi, Mumbai – 400002, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
BJMPK9204N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Company : |
U99999MH1995PTC090022 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
INR 10/- each |
INR 75.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5286003 |
Equity Shares |
INR 10/- each |
INR 52.860
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 |
52.860 |
52.860 |
52.860 |
|
(b) Reserves and Surplus |
311.197 |
253.589 |
191.120 |
|
(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) |
364.057 |
306.449 |
243.980 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.539 |
0.576 |
0.447 |
|
(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) |
0.539 |
0.576 |
0.447 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
252.218 |
409.219 |
411.183 |
|
(c) Other
current liabilities |
64.810 |
59.980 |
0.101 |
|
(d) Short-term
provisions |
83.500 |
62.560 |
40.800 |
|
Total Current
Liabilities (4) |
400.528 |
531.759 |
452.084 |
|
|
|
|
|
|
TOTAL |
765.124 |
838.784 |
696.511 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
15.511 |
16.678 |
18.076 |
|
(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 |
0.282 |
0.282 |
0.282 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
139.415 |
96.508 |
95.774 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
155.208 |
113.468 |
114.132 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
128.373 |
81.563 |
148.896 |
|
(c) Trade
receivables |
334.080 |
392.632 |
218.074 |
|
(d) Cash and
bank balances |
147.463 |
251.121 |
215.409 |
|
(e) Short-term
loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
609.916 |
725.316 |
582.379 |
|
|
|
|
|
|
TOTAL |
765.124 |
838.784 |
696.511 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2775.619 |
3000.899 |
2366.133 |
|
|
Other Income |
24.384 |
12.868 |
32.361 |
|
|
TOTAL |
2800.003 |
3013.767 |
2398.494 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
2589.970 |
2762.247 |
2223.350 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(42.982) |
(14.082) |
(3.821) |
|
|
Employee benefit expense |
10.196 |
9.249 |
9.093 |
|
|
Other expenses |
151.757 |
156.144 |
111.441 |
|
|
TOTAL |
2708.941 |
2913.558 |
2340.063 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
91.062 |
100.209 |
58.431 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.974 |
1.868 |
1.029 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
89.088 |
98.341 |
57.402 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.234 |
1.461 |
1.887 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
87.854 |
96.880 |
55.515 |
|
|
|
|
|
|
|
Less |
TAX |
30.003 |
34.389 |
19.227 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
57.851 |
62.491 |
36.288 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
10.94 |
11.82 |
6.87 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
3500.000 |
|
|
|
|
|
The above information has been parted by Mr. Mukesh (Director)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
(112.773) |
32.158 |
76.661 |
|
Net cash flows from (used in) operating activities |
(122.115) |
19.635 |
62.441 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
43.93 |
47.76 |
33.64 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
8.31 |
7.64 |
10.85 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
35.54 |
54.07 |
67.50 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.71 |
1.23 |
0.39 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
5.87 |
6.01 |
3.23 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.52 |
0.63 |
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
1.10 |
1.74 |
1.85 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.04 |
0.05 |
0.07 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
46.13 |
53.65 |
56.78 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
2.08 |
2.08 |
1.53 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
7.56 |
7.45 |
5.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
15.89 |
20.39 |
14.87 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.52 |
1.36 |
1.29 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.20 |
1.21 |
0.96 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.48 |
0.37 |
0.35 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.52 |
1.36 |
1.29 |
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 |
52.860 |
52.860 |
52.860 |
|
Reserves & Surplus |
191.120 |
253.589 |
311.197 |
|
Net
worth |
243.980 |
306.449 |
364.057 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
2366.133 |
3000.899 |
2775.619 |
|
|
0.000 |
26.827 |
(7.507) |
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 |
2366.133 |
3000.899 |
2775.619 |
|
Profit/ (Loss) |
36.288 |
62.491 |
57.851 |
|
|
1.53
% |
2.08
% |
2.08
% |
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 |
Yes |
|
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) |
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 |
No |
|
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
During the year the total Income of the Company was INR 3000.899 Million against INR 2775.619 Million in the previous year. The Company has earned a Profit after tax of INR 62.491 Million compared to INR 57.851 Million in the previous year.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B65244980 |
10193352 |
Dena Bank |
26/11/2009 |
12/12/2012 |
- |
135000000.0 |
Mount Poinsur Branch, Anand Bhuvan, Sardar V.P. Road, Borivali West, Mumbai – 400103, Maharashtra, India |
FIXED ASSETS
- Buildings
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer
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 64.93 |
|
|
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KJL |
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.