|
|
|
MIRA INFORM REPORT
|
Report No. : |
504536 |
|
Report Date : |
19.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
CORROS METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
R - Square, Office No. 202, Opposite Atul Nagar, NH4 Bypass, Warje, Pune – 411058, Maharashtra |
|
Tel. No.: |
91-20-25233522 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
22.02.2007 |
|
|
|
|
Com. Reg. No.: |
11-129628 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 6.225 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27320PN2007PTC129628 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the management that firm does
not have export and import) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCC0214C |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AADCC0214C1ZH |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
50 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2007. It is a manufacturer
of hot dip galvanized products. For the financial year 2017, the company has reported dip in its
revenue by 2.26% as compared to the previous year along with a low profit
margin of 0.81%. The satisfactory financial risk profile of
the company is marked by sufficient networth base along with comfortable debt
balance sheet profile. Payments seems to be slow but correct. 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 |
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 19.04.2018
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. Kuldeep Vijaykumar Walujkar |
|
Designation : |
Director |
|
Contact No.: |
91-9960026633 |
|
Date : |
18.04.2018 |
LOCATIONS
|
Registered Office : |
R - Square, Office No. 202, Opposite Atul Nagar, NH4 Bypass, Warje, Pune – 411058, Maharashtra, India |
|
Tel. No.: |
91-20-25233522 / 66204409 |
|
Mobile No.: |
91-9960026633 (Mr. Mahesh Doke) 91-9960026611 (Mr. Kuldeep Vijaykumar Walujkar) |
|
Fax No.: |
91-20-25233522 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Gat No. 45, A/P. Kasurdi Khe.Ba, Khedshivapur –Saswad Road, Off NH4, Taluka Bhor, District: Pune – 412 205, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Kuldeep Vijaykumar Walujkar |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
773, Kuldeep Gaon, Bhag City, High School Road, Sangali – 416416, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
13.03.1981 |
||||||||
|
Date of Appointment : |
22.02.2007 |
||||||||
|
DIN No.: |
01221530 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Atul Babanrao Patil |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
1 Shivnerinagar, Kupwad Taluka -Miraj District - Sangali – 416416, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
28.11.1980 |
||||||||
|
PAN No.: |
AMLPP9312M |
||||||||
|
Date of Appointment : |
22.02.2007 |
||||||||
|
DIN No.: |
01221581 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mrs. Amita Kuldeep Walujkar |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
A- 304, Vaidehi Enclave Vidynan Nagar, Bavdhan, Pune - 411052, Maharashtra, India |
||||||||
|
Date of Appointment : |
18.10.2017 |
||||||||
|
DIN No.: |
07969255 |
||||||||
|
|
|
||||||||
|
Name : |
Mrs. Vrushali Atul Patil |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Flat No.2, Plot No.71, Shree Sadan Apartment, Vardayini Society, Pashan-Sus Road, Pashan, Pune - 411021, Maharashtra, India |
||||||||
|
Date of Appointment : |
18.10.2017 |
||||||||
|
DIN No.: |
07969257 |
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KEY EXECUTIVES
|
Name : |
Mr. Mahesh Doke |
|
Designation : |
Marketing Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Kuldeep Vijaykumar Walujkar |
311256 |
50.00 |
|
Atul Babanrao Patil |
311257 |
50.00 |
|
Total |
622513 |
100.00 |
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 : |
|
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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||||||||
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Imports : |
Not Available |
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||||||||
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Terms : |
|
||||||||
|
Selling : |
Advance Payment, Cheque and Others (RTGS) |
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|
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Purchasing : |
Advance Payment, Cheque and Others (RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
50 (Approximately) |
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Bankers : |
|
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||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Mandar S. Bhide and Associates Chartered Accountants |
|
Address : |
Flat No. 2, Phadke Sankul, 1785, Sadashiv Peth, Near Pune
Vidyarthi Gruh, Pune – 411030,Maharashtra, India |
|
Tel. No.: |
91-20-24478627 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AGTPB2016N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
650000 |
Equity Shares |
INR 10/- each |
INR 6.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
622513 |
Equity Shares |
INR 10/- each |
INR 6.225
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 |
6.225 |
6.225 |
6.225 |
|
(b) Reserves &
Surplus |
11.974 |
10.554 |
6.744 |
|
(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 |
18.199 |
16.779 |
12.969 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
4.382 |
4.808 |
3.372 |
|
(b) Deferred tax
liabilities (Net) |
0.935 |
0.556 |
0.402 |
|
(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 |
5.317 |
5.364 |
3.774 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
17.773 |
8.088 |
3.465 |
|
(b) Trade payables |
30.148 |
35.437 |
22.681 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
(14.640) |
(3.010) |
2.268 |
|
Total Current Liabilities
|
33.281 |
40.515 |
28.414 |
|
|
|
|
|
|
TOTAL |
56.797 |
62.658 |
45.157 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
21.475 |
20.410 |
17.811 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.050 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.282 |
1.428 |
2.653 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.025 |
0.025 |
1.310 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
22.832 |
21.863 |
21.774 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
3.599 |
4.460 |
0.000 |
|
(b) Inventories |
19.508 |
14.573 |
8.578 |
|
(c) Trade receivables |
9.707 |
20.434 |
12.826 |
|
(d) Cash and cash
equivalents |
0.033 |
0.004 |
0.016 |
|
(e) Short-term loans and
advances |
1.118 |
1.324 |
1.964 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
33.965 |
40.795 |
23.384 |
|
|
|
|
|
|
TOTAL |
56.797 |
62.658 |
45.158 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
175.794 |
179.861 |
80.182 |
|
|
Other Income |
1.018 |
0.427 |
0.223 |
|
|
TOTAL |
176.812 |
180.288 |
80.405 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
143.370 |
134.318 |
55.742 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(4.935) |
(5.995) |
(1.539) |
|
|
Employees benefits
expense |
5.655 |
6.474 |
5.772 |
|
|
Other Administrative
expenses |
25.795 |
33.849 |
13.968 |
|
|
TOTAL |
169.885 |
168.646 |
73.943 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
6.927 |
11.642 |
6.462 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.723 |
4.419 |
1.300 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
4.204 |
7.223 |
5.162 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.812 |
1.499 |
1.519 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2.392 |
5.724 |
3.643 |
|
|
|
|
|
|
|
Less |
TAX |
0.972 |
1.914 |
0.954 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
1.420 |
3.810 |
2.689 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.28 |
6.12 |
4.32 |
|
Particulars |
31.03.2018 |
|
Sales Turnover (Approximately) |
180.000 |
Expected Sales (2018-2019): INR 190.000 Million
The above information has been parted by Mr. Kuldeep Vijaykumar
Walujkar (Director)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
3.381 |
2.651 |
2.698 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
20.15 |
41.47 |
58.39 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
18.11 |
8.80 |
6.25 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
76.75 |
96.30 |
148.52 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.36 |
0.80 |
0.75 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.32 |
0.57 |
0.36 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.66 |
0.72 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.22 |
0.77 |
0.53 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
1.83 |
2.41 |
2.19 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.18 |
1.22 |
1.37 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.54 |
2.63 |
4.97 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.81 |
2.12 |
3.35 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.50 |
6.08 |
5.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.80 |
22.71 |
20.73 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.02 |
1.01 |
0.82 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.43 |
0.65 |
0.52 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.32 |
0.27 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.56 |
2.07 |
1.10 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.02 |
1.01 |
0.82 |
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 |
6.225 |
6.225 |
6.225 |
|
Reserves & Surplus |
6.744 |
10.554 |
11.974 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
12.969 |
16.779 |
18.199 |
|
|
|
|
|
|
long-term borrowings |
3.372 |
4.808 |
4.382 |
|
Short term borrowings |
3.465 |
8.088 |
17.773 |
|
Total
borrowings |
6.837 |
12.896 |
22.155 |
|
Debt/Equity
ratio |
0.527 |
0.769 |
1.217 |
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 |
80.182 |
179.861 |
175.794 |
|
|
|
124.316 |
(2.261) |
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 |
80.182 |
179.861 |
175.794 |
|
Profit |
2.689 |
3.810 |
1.420 |
|
|
3.35% |
2.12% |
0.81% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF OPERATION
AND OPERATIONS AND FUTURE OUTLOOK
During the year, due to the recession in the industry in which the company is dealing with the company has reported a net profit after of INR 1.420 million against the INR 3.809 million of previous year. However, the management is hopeful that the market conditions soon get better and company shall yield maximum profitability in the coming financial years.
The company is also in the process of undertaking various new measures to cut the cost and increase the efficiency so as to achieve economic of scale and thereby achieving more profits in the coming years. The company is also planning to adopt various strategies and plans which would be advantageous and in the best interest of the company.
The company and the directors are continuously looking for avenues for further growth of the company and are evaluating various areas where it can fetch good sustainable business for the company in coming years.
UNSECURED LOAN
|
Particular |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Atul Patil |
1.312 |
2.450 |
|
Kuldeep Walujkar |
1.021 |
2.248 |
|
Amita Walujkar |
0.450 |
0.000 |
|
Sharda Patil |
0.300 |
0.388 |
|
Vrushali Patil |
0.400 |
0.000 |
|
Ravee Dhotre |
0.000 |
0.002 |
|
Total |
3.483 |
5.088 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G75123331 |
100150224 |
The Cosmos Co-operative Bank Limited (Ganeshnagar Branch) |
01/01/2018 |
- |
- |
5000000.0 |
COSMOS TOWER, PLOT NO. 6, ICS COLONY, UNIVERSITY ROAD, GANESH KHIND, SHIVAJINAGAR, PUNE – 411007, MAHARASHTRA, INDIA |
|
2 |
G75238238 |
100060615 |
The Cosmos Co-operative Bank Limited (Ganeshnagar Branch) |
22/09/2016 |
04/09/2017 |
- |
12400000.0 |
COSMOS TOWER, PLOT NO. 6, ICS COLONY, UNIVERSITY ROAD, GANESH KHIND, SHIVAJINAGAR, PUNE – 411007, MAHARASHTRA, INDIA |
|
3 |
G06885289 |
100036970 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
26/05/2016 |
- |
- |
1161000.0 |
COSMOS TOWER, PLOT NO. 6, ICS COLONY, UNIVERSITY ROAD, GANESH KHIND, SHIVAJINAGAR, PUNE – 411007, MAHARASHTRA, INDIA |
|
4 |
G75237214 |
10543378 |
The Cosmos Co-operative Bank Limited (Ganeshnagar Branch) |
15/12/2014 |
04/09/2017 |
- |
47500000.0 |
COSMOS TOWER, PLOT NO. 6, ICS COLONY, UNIVERSITY ROAD, GANESH KHIND, SHIVAJINAGAR, PUNE – 411007, MAHARASHTRA, INDIA |
|
5 |
C03908480 |
10490631 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
25/04/2014 |
- |
- |
420000.0 |
HEAD OFFICE 269/270, SHANIWAR PETH, PUNE – 411030, MAHARASHTRA, INDIA |
|
6 |
B87494241 |
10454899 |
THE COSMOS CO-OPERATIVE BANK LIMITED (GANESHNAGAR BRANCH) |
10/09/2013 |
- |
- |
3077000.0 |
269/270SHANIWAR PETH PUNE-411030 MAHARASHTRA, INDIA |
|
7 |
B83256438 |
10445496 |
THE COSMOS CO-OPERATIVE BANK LIMITED (GANESHNAGAR BRANCH) |
07/08/2013 |
- |
- |
1000000.0 |
269/270SHANIWAR PETH PUNE-411030 MAHARASHTRA, INDIA |
|
8 |
B79377636 |
10436289 |
THE COSMOS CO-OPERATIVE BANK LIMITED (GANESH NAGAR BRANCH) |
12/06/2013 |
- |
- |
835000.0 |
269/270SHANIWAR PETH PUNE-411030 MAHARASHTRA, INDIA |
|
9 |
B78524915 |
10434361 |
THE COSMOS CO-OPERATIVE BANK LIMITED (GANESH NAGAR BRANCH) |
05/06/2013 |
- |
- |
1527000.0 |
269/270SHANIWAR PETH PUNE-411030 MAHARASHTRA, INDIA |
|
10 |
B41184524 |
10359575 |
THE COSMOS CO-OPERATIVE BANK LIMITED (GANESHNAGAR BRANCH) |
18/05/2012 |
- |
- |
1600000.0 |
269/270SHANIWAR PETH PUNE-411030 MAHARASHTRA, INDIA |
FIXED ASSETS:
·
Land
·
Factory Building
·
Mobile
·
Furniture and Fixture
·
Vehicle
·
Tools and Equipment
·
Plant and Machinery
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.