|
|
|
MIRA INFORM REPORT
|
Report No. : |
503190 |
|
Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MAS ADDITIVES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A/207, Western Edge - II, Behind Metro, Western Express Highway, Borivali (East), Mumbai – 400066, Maharashtra |
|
Tel. No.: |
91-22-28545733 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
25.02.2008 |
|
|
|
|
Com. Reg. No.: |
11-179417 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2008PTC179417 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
0308004051 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAFCM4385A1ZR |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM4385A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
[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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 410000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Mas Additives Private Limited is engaged in the business
as an Importers,
Distributor, Stockiest, and Commission Agent of Chemicals. The company was
incorporated in the year 2008 and is based in Mumbai, Maharashtra. It is an
established company having good track. For the
financial year ended 2017, the company has witnessed a growth in its revenue
in its revenue and has achieved fair profit margin at 3.74% (approx.) The
company possesses sound financial profile marked by healthy net worth base
along with negligible debt recorded and favorable gap between trade payables
to its trade receivables. Trade
relations are reported a 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.
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 |
21.07.2017 |
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 17.04.2018
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 BY
|
Name : |
Mr. Mangesh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-28545733 |
|
Date : |
16.04.2018 |
LOCATIONS
|
Registered Office / Factory: |
A/207, Western Edge - II, Behind Metro, Western Express Highway, Borivali (East), Mumbai – 400066, Maharashtra, India |
|
Tel. No.: |
91-22-28545733/ 34/ 28541936/ 28701937 |
|
Mobile No.: |
91-9324392904 (Mr. Manish Shah) |
|
Fax No.: |
91-22-28545735 |
|
E-Mail : |
|
|
|
|
|
Branch Office: |
Godown No. 02, Plot No 700/1/2, A&B, Shed Area, GIDC, Vapi, Valsad - 396195, Gujarat, India |
|
Mob. No.: |
91-9967539404 (Mr. Deepak) |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Manish Shah |
|
Designation : |
Whole-time director |
|
Address : |
Heena Elegance, Flat No. 1103, 11th Floor, Opposite Bhatia High School, Sai Baba Nagar, Borivali (West), Mumbai - 400092, Maharashtra, India |
|
Date of Birth/Age : |
21.05.1972 |
|
Qualification: |
B.Sc. |
|
Date of Appointment : |
01.04.2014 |
|
DIN No.: |
01958752 |
|
|
|
|
Name : |
Mrs. Tejal Manish Shah |
|
Designation : |
Whole-time director |
|
Address : |
Heena Elegance, Flat No. 1103, 11th Floor, Opposite Bhatia High School, Sai Baba Nagar, Borivali (West), Mumbai - 400092, Maharashtra, India |
|
Date of Birth/Age : |
11.06.1973 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
01.04.2014 |
|
DIN No.: |
01958792 |
|
|
|
|
Name : |
Mr. Anantrai Shah |
|
Designation : |
Whole-time director |
|
Address : |
Heena Elegance, Flat No. 1103, 11th Floor, Opposite Bhatia High School, Sai Baba Nagar, Borivali (West), Mumbai - 400092, Maharashtra, India |
|
Date of Birth/Age : |
25.03.1936 |
|
Date of Appointment : |
01.04.2014 |
|
DIN No.: |
01958819 |
KEY EXECUTIVES
|
Name : |
Mr. Mangesh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Manish Shah |
|
60000 |
|
Tejal Manish Shah |
|
30000 |
|
Anantrai Shah |
|
9985 |
|
Manish Shah – HUF |
|
5 |
|
Anantrai Shah– HUF |
|
5 |
|
Yashmoti Anantrai Shah |
|
5 |
|
Total |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
99.985 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
0.015 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
[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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||||
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Imports : |
Not Divulged |
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||||
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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 : |
Damania and Varaiya. Chartered Accountants |
|
Address : |
14/2, Mahalaxmi Industrial Estate, D. Shivneri Road, Lower Parel, Mumbai
– 400013, Maharashtra, India |
|
Tel. No.: |
91-22-61491000 |
|
Fax No.: |
91-22-61491030 |
|
Email ID : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFM9871H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related party : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 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 |
1.000 |
1.000 |
1.000 |
|
(b) Reserves &
Surplus |
142.413 |
111.048 |
87.382 |
|
(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) |
143.413 |
112.048 |
88.382 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
22.638 |
0.000 |
10.358 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.200 |
0.200 |
0.000 |
|
(d) long-term provisions |
2.793 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
25.631 |
0.200 |
10.358 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
7.894 |
15.782 |
21.134 |
|
(b) Trade payables |
121.614 |
102.306 |
108.682 |
|
(c) Other current
liabilities |
7.331 |
6.902 |
9.981 |
|
(d) Short-term provisions |
1.745 |
1.559 |
0.043 |
|
Total Current Liabilities
(4) |
138.584 |
126.549 |
139.840 |
|
|
|
|
|
|
TOTAL |
307.628 |
238.797 |
238.580 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
31.572 |
30.895 |
35.593 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) 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 |
0.126 |
0.126 |
0.126 |
|
(c) Deferred tax assets
(net) |
1.596 |
0.196 |
0.063 |
|
(d) Long-term Loan and Advances |
0.328 |
0.359 |
0.269 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
14.777 |
|
Total Non-Current Assets |
33.622 |
31.576 |
50.828 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
73.172 |
50.716 |
52.883 |
|
(c) Trade receivables |
151.390 |
125.874 |
119.068 |
|
(d) Cash and cash
equivalents |
44.439 |
28.428 |
9.107 |
|
(e) Short-term loans and
advances |
0.076 |
0.137 |
6.694 |
|
(f) Other current assets |
4.929 |
2.066 |
0.000 |
|
Total Current Assets |
274.006 |
207.221 |
187.752 |
|
|
|
|
|
|
TOTAL |
307.628 |
238.797 |
238.580 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
839.636 |
783.818 |
778.585 |
|
|
Other Income |
5.083 |
2.652 |
2.413 |
|
|
TOTAL |
844.719 |
786.470 |
780.998 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
753.938 |
689.969 |
706.550 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(22.456) |
2.168 |
(9.779) |
|
|
Employees benefits
expense |
27.070 |
17.854 |
14.728 |
|
|
Other expenses |
28.391 |
31.073 |
31.882 |
|
|
TOTAL |
786.943 |
741.064 |
743.381 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
57.776 |
45.406 |
37.617 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.375 |
4.113 |
6.149 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
53.401 |
41.293 |
31.468 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.111 |
5.044 |
2.959 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
48.290 |
36.249 |
28.509 |
|
|
|
|
|
|
|
Less |
TAX |
16.925 |
12.583 |
8.996 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
31.365 |
23.666 |
19.513 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Commission
|
1.385 |
1.573 |
3.162 |
|
|
TOTAL EARNINGS |
1.385 |
1.573 |
3.162 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Purchase
of traded goods |
555.638 |
536.994 |
548.997 |
|
|
TOTAL IMPORTS |
555.638 |
536.994 |
548.997 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
313.65 |
236.66 |
195.13 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.526 |
0.000 |
NA |
|
Cash generated from/ (used in)
operations |
30.355 |
52.205 |
41.575 |
|
Net Cash flow from/ (used in) Operating Activities |
11.601 |
39.488 |
32.603 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
65.81 |
58.62 |
55.82 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.55 |
6.23 |
6.54 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
58.88 |
54.12 |
56.14 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.79 |
0.90 |
0.71 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.83 |
1.47 |
1.06 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.53 |
0.53 |
0.63 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.22 |
0.14 |
0.36 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.97 |
1.13 |
1.58 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.22 |
0.28 |
0.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
13.21 |
11.04 |
6.12 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.74 |
3.02 |
2.51 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
10.20 |
9.91 |
8.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
21.87 |
21.12 |
22.08 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.98 |
1.64 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.45 |
1.24 |
0.96 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.47 |
0.47 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
31.06 |
15.78 |
31.49 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.98 |
1.64 |
1.34 |
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 |
1.000 |
1.000 |
1.000 |
|
Reserves & Surplus |
87.382 |
111.048 |
142.413 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
88.382 |
112.048 |
143.413 |
|
|
|
|
|
|
Long Term borrowings |
10.358 |
0.000 |
22.638 |
|
Short Term borrowings |
21.134 |
15.782 |
7.894 |
|
Total
borrowings |
31.492 |
15.782 |
30.532 |
|
Debt/Equity
ratio |
0.356 |
0.141 |
0.213 |
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
|
778.585 |
783.818 |
839.636 |
|
|
|
0.672 |
7.121 |
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
|
778.585 |
783.818 |
839.636 |
|
Profit |
19.513 |
23.666 |
31.365 |
|
|
2.51% |
3.02% |
3.74% |
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 |
Yes |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION
The company was incorporated on 25th February 2008 as a
private limited company under the companies Act, 2013 and is registered with
the Registrar of Companies, Maharashtra.
The company is engaged in the business of importers, distributors,
stockiest and commission agent of chemicals.
REVIEW OF
OPERATIONS
During the financial year, the company has earned total income of INR
844.719 million against last year’s total income of 786.470 million.
Further during the year the company has earned net profit after tax of
INR 31.365 million against last year’s profit of NR 23.666 million.
For the financial year ended 31st March, 2017, no amount was
carried to general reserve account.
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK
The company is in process to expand its business activities to meet its
growth and increase the turnover of the company.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and
advances from |
|
|
|
Loan From Directors |
|
|
|
Anantrai N Shah |
4.000 |
0.000 |
|
Manish A Shah |
10.000 |
0.000 |
|
Tejal M Shah |
2.000 |
0.000 |
|
Loan from others |
|
|
|
Anantrai N Shah-HUF |
2.500 |
0.000 |
|
Manish A Shah-HUF |
1.500 |
0.000 |
|
Yashomati A Shah |
0.500 |
0.000 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and
advances from |
|
|
|
Loan From Directors |
|
|
|
Anantrai N Shah |
2.249 |
4.400 |
|
Manish A Shah |
4.403 |
7.435 |
|
Tejal M Shah |
0.433 |
1.295 |
|
Loan from others |
|
|
|
Anantrai N Shah-HUF |
0.263 |
2.330 |
|
Manish A Shah-HUF |
0.273 |
0.000 |
|
Yashomati A Shah |
0.273 |
0.322 |
|
Total |
28.394 |
15.782 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B24035800 |
10213428 |
THE
SARASWAT COOPERATIVE BANK LTD |
29/03/2010 |
10/10/2011 |
- |
10272000.0 |
SME VILE
PARLE BRANCH, BHOLANATH CO-OP HSG SOCSUBHASH ROAD, VILE PARLE
EASTMUMBAIMH400057IN |
|
2 |
B93045144 |
10127593 |
THE
SARASWAT COOPERATIVE BANK LTD |
25/10/2008 |
23/12/2013 |
- |
40000000.0 |
SME VILE
PARLE BRANCH, BHOLANATH CO-OP HSG SOCSUBHASH ROAD, VILE PARLE
EASTMUMBAIMH400057IN |
|
3 |
C21791769 |
10107920 |
THE
SARASWAT COOPERATIVE BANK LTD |
27/05/2008 |
11/09/2014 |
- |
190000000.0 |
SME VILE
PARLE BRANCH, BHOLANATH CO-OP HSG SOCSUBHASH ROAD, VILE PARLE
EASTMUMBAIMH400057IN |
|
4 |
C10652949 |
10206284 |
THE
SARASWAT COOPERATIVE BANK LTD |
19/02/2010 |
- |
02/07/2014 |
5000000.0 |
SME VILE
PARLE BRANCH, BHOLANATH CO-OP HSG SOCSUBHASH ROAD, VILE PARLE
EASTMUMBAIMH400057IN |
|
5 |
C10651651 |
10180830 |
THE
SARASWAT COOPERATIVE BANK LTD |
24/09/2009 |
- |
02/07/2014 |
5000000.0 |
SME
VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOCSUBHASH ROAD, VILE PARLE
EASTMUMBAIMH400057IN |
|
6 |
C10620151 |
10110514 |
THE
SARASWAT CO-OPERATIVE BANK LTD |
21/06/2008 |
- |
02/07/2014 |
2000000.0 |
PRATIKSHA
APARTMENT, OPP. FILMISTAN STUDIO,S.V. ROAD, GOREGAON (WEST),MUMBAIMH400062IN |
|
7 |
C10654564 |
10211613 |
THE
SARASWAT COOPERATIVE BANK LTD |
29/03/2010 |
- |
02/07/2014 |
15000000.0 |
SME
VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOCSUBHASH ROAD, VILE PARLE
EASTMUMBAIMH400057IN |
|
8 |
C10655959 |
10279820 |
THE
SARASWAT COOPERATIVE BANK LTD |
07/04/2011 |
- |
02/07/2014 |
9500000.0 |
SME
VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOCSUBHASH ROAD, VILE PARLE
EASTMUMBAIMH400057IN |
|
9 |
C10655389 |
10240235 |
THE
SARASWAT COOPERATIVE BANK LTD |
16/09/2010 |
- |
02/07/2014 |
10000000.0 |
SME
VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOCSUBHASH ROAD, VILE PARLE
EASTMUMBAIMH400057IN |
FIXED ASSETS:
· Office Building
· Furniture and Fixture
· Office equipment
· Computer
· Motor Vehicles
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 65.45 |
|
|
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
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.