|
|
|
MIRA INFORM REPORT
|
Report No. : |
504932 |
|
Report Date : |
21.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ASHLAND INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 601, 606-608, Platinum Technopark, Plot No. 17-18, Sector - 30A,
Vashi, Navi Mumbai – 400705, Maharashtra |
|
Tel. No.: |
91-40-44748888 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
19.07.2007 |
|
|
|
|
Com. Reg. No.: |
11-172506 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 579.842 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2007FTC172506 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
0307056198 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAGCA5023J1ZS |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA30926A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA5023J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, processing,
packing, distributing, supplying, selling, importing, exporting and trading
of chemicals, chemical compounds, oil and oil derivatives, plastics, technical
equipment and technical components, as well as the rendering of technical
services and business support services,. (Registered Activity) Note: Line of business is updated as per latest annual report 2016. |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 2600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Ashland Holdings BV, Netherland” and was
incorporated on 19th July 2007. Management has failed to file its financials with the Registrar of
Companies for the FY 2017. For the financial year 2016, the company has reported dip in its
revenue as compared to the previous year but has managed to maintain an
average profit margin of 1.22%. The satisfactory financial risk profile of the company is marked by
sufficient net worth base along with low debt balance sheet profile. Rating also takes into account of strong financial and managerial
support that company receives from its holding entity backed by its well
experienced management team. Payments seems to be slow but correct. In view of aforesaid, the company can be considered good for normal
business dealings at usual trade terms and conditions. Note: Information regarding No. of Employee, Import & Export,
Payments Terms and Customer’s & Suppliers are not available from any
sources and management also denied to provide the information on the same. |
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
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 21.04.2017
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 (91-22-61489696/61489690)
LOCATIONS
|
Registered Office : |
No. 601, 606-608, Platinum Technopark, Plot No. 17-18, Sector - 30A,
Vashi, Navi Mumbai – 400705, Maharashtra, India |
|
Tel. No.: |
91-22-61489696/61489690 |
|
Mobile No.: |
91-9819010993 (Ms. Neha Singh) |
|
Fax No.: |
91-22-61712514/67406214 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
6000 Sq. Ft. |
|
Location : |
Leased |
|
Locality: |
Commercial |
|
|
|
|
Warehouse : |
Located at:
|
|
|
|
|
Branch Office: |
Located at:
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sanjay Suresh Karkhanis |
|
Designation : |
Managing Director |
|
Address : |
4, Keppel Bay Drive, 05-01, Caribbean At Keppel Bay, Singapore, 098637, Singapore |
|
Date of Appointment : |
13.01.2016 |
|
DIN No.: |
07416362 |
|
|
|
|
Name : |
Mr. Shreekant Bapusaheb Patil |
|
Designation : |
Additional Director |
|
Address : |
G-4/413, Malhar Lokpuram Cooperative Housing Society Limited, Glades Alawares Road, Off. Pokhran Road No.2, Majiwade, Thane 400610, Maharashtra, India |
|
Date of Appointment : |
13.01.2016 |
|
DIN No.: |
07661891 |
|
|
|
|
Name : |
Li Hauchen Gao |
|
Designation : |
Director |
|
Address : |
Room 603, No.5, Lane 368 Oingyu Road Shanghai 00000000 CN |
|
Date of Appointment : |
01.11.2014 |
|
DIN No.: |
06754292 |
Note: As per our
previous database, Mr. Vivek Kumar Singh, Mr. Deepak Saxena, Mr. Lynn Pannell
Freeman, Mr. Frank Adriaan Jumelet were the directors of the company, however,
they does not appear in the current government registry records and the same
could not be confirmed with the management as well.
KEY EXECUTIVES
|
Name : |
Ms. Darshika Deepak Pandya |
|
Designation : |
Company Secretary |
|
Address : |
A-13, Niles Co-Operative Hosing Society, Sector - 14 Plot - 22, Vashi, Navi Mumbai - 400703, Maharashtra, India |
|
Date of Appointment : |
14.06.2016 |
|
PAN No.: |
AOSPP3736N |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Ashland Holding B.V., Netherlands |
|
57984223 |
|
Ashland Canada Holding B.V., Netherlands |
|
1 |
|
East Bay Realty Services Inc., Delaware |
|
4 |
|
Total |
|
57984228 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2016
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturing, processing,
packing, distributing, supplying, selling, importing, exporting and trading
of chemicals, chemical compounds, oil and oil derivatives, plastics,
technical equipment and technical components, as well as the rendering of
technical services and business support services,. (Registered Activity) Note: Line of business is updated as per latest annual report 2016. |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
|
|
||||||||
|
Imports : |
Not Divulged |
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|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
|
||||||||||||||||||||||||
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||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai -400028, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACHFS9117R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company (AS
ON 31.03.2016): |
|
|
|
|
|
Ultimate holding
company (AS ON 31.03.2016): |
|
|
|
|
|
Fellow subsidiaries
(AS ON 31.03.2016): |
|
CAPITAL STRUCTURE
AS ON 29.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
58000000 |
Equity Shares |
INR 10/- each |
INR 580.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
57984228 |
Equity Shares |
INR 10/- each |
INR 579.842 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
579.842 |
514.842 |
514.842 |
|
(b) Reserves and Surplus |
317.140 |
153.813 |
(98.920) |
|
(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) |
896.982 |
668.655 |
415.922 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.007 |
100.225 |
0.490 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
2.257 |
3.539 |
3.073 |
|
(d) long-term
provisions |
14.960 |
17.138 |
11.434 |
|
Total Non-current
Liabilities (3) |
17.224 |
120.902 |
14.997 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
143.000 |
193.000 |
429.138 |
|
(b) Trade
payables |
421.203 |
487.650 |
614.988 |
|
(c) Other current
liabilities |
134.696 |
39.421 |
717.256 |
|
(d) Short-term
provisions |
11.276 |
0.501 |
0.394 |
|
Total Current
Liabilities (4) |
710.175 |
720.572 |
1761.776 |
|
|
|
|
|
|
TOTAL |
1624.381 |
1510.129 |
2192.695 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
236.556 |
255.259 |
792.434 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
3.860 |
0.000 |
61.002 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
49.305 |
22.250 |
5.222 |
|
(d)
Long-term loans and advances |
256.773 |
80.388 |
74.573 |
|
(e) Other
Non-current assets |
9.920 |
2.183 |
2.011 |
|
Total Non-Current
Assets |
556.414 |
360.080 |
935.242 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
325.285 |
296.092 |
366.491 |
|
(c) Trade
receivables |
462.201 |
594.311 |
684.395 |
|
(d) Cash and
bank balances |
76.360 |
59.358 |
20.009 |
|
(e)
Short-term loans and advances |
191.520 |
200.288 |
184.479 |
|
(f) Other
current assets |
12.601 |
0.000 |
2.079 |
|
Total
Current Assets |
1067.967 |
1150.049 |
1257.453 |
|
|
|
|
|
|
TOTAL |
1624.381 |
1510.129 |
2192.695 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
2726.262 |
2833.555 |
|
|
Other Income |
|
11.518 |
13.802 |
|
|
TOTAL |
|
2737.780 |
2847.357 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1493.943 |
1692.213 |
|
|
Purchases of
Stock-in-Trade |
|
287.885 |
219.559 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(4.135) |
58.678 |
|
|
Employee benefit expense |
|
227.216 |
189.960 |
|
|
CSR expenditure |
|
1.570 |
0.0000 |
|
|
Other expenses |
|
582.885 |
496.062 |
|
|
Exceptional items |
|
0.000 |
(198.470) |
|
|
TOTAL |
|
2589.364 |
2458.002 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
148.416 |
389.355 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
32.153 |
47.593 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
|
116.263 |
341.762 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
48.375 |
50.837 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
67.888 |
290.925 |
|
|
|
|
|
|
|
Less |
TAX |
|
34.560 |
38.192 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
33.328 |
252.733 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
|
NA |
118.008 |
|
|
Earnings on other income |
|
NA |
380.868 |
|
|
TOTAL
EARNINGS |
|
NA |
498.876 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
NA |
240.267 |
|
|
Components and Stores parts |
|
NA |
209.465 |
|
|
Capital Goods |
|
NA |
30.484 |
|
|
TOTAL
IMPORTS |
|
NA |
480.216 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (INR) |
|
0.60 |
4.91 |
|
|
PARTICULARS |
|
|
31.03.2014 |
|
|
|
|
|
|
|
|
GROSS SALES |
|
|
3230.130 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
97.204 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
40.852 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
|
46.352 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
3.723 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
|
52.929 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
298.135 |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR |
|
|
1.02 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.261 |
0.387 |
0.353 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
157.425 |
180.869 |
263.423 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
128.898 |
120.151 |
2471.06 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
61.88 |
76.56 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
5.90 |
4.77 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
86.28 |
93.10 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.46 |
1.31 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
0.62 |
1.53 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.44 |
0.54 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.16 |
0.44 |
1.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.79 |
1.08 |
4.24 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.27 |
0.38 |
2.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.62 |
8.18 |
NA |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.22 |
8.92 |
NA |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.05 |
16.74 |
2.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.72 |
37.80 |
12.73 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.50 |
1.60 |
0.71 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.05 |
1.19 |
0.51 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.55 |
0.44 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.25 |
0.57 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.50 |
1.60 |
0.71 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
514.842 |
514.842 |
579.842 |
|
Reserves & Surplus |
(98.920) |
153.813 |
317.140 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
415.922 |
668.655 |
896.982 |
|
Net
worth |
|
|
|
|
|
|
|
|
|
Long-term borrowings |
0.490 |
100.225 |
0.007 |
|
Short term borrowings |
429.138 |
193.000 |
143.000 |
|
Current Maturities of Long term debt |
0.353 |
0.387 |
0.261 |
|
Total
borrowings |
429.981 |
293.612 |
143.268 |
|
Debt/Equity
ratio |
1.034 |
0.439 |
0.160 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
|
Sales |
2833.555 |
2726.262 |
|
|
|
(3.787) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
|
Sales |
2833.555 |
2726.262 |
|
Profit/(Loss) |
252.733 |
33.328 |
|
|
8.92% |
1.22% |
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 |
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 |
No |
|
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 |
No |
|
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 |
INDEX OF CHARGE: NO CHARGES EXISTS FOR COMPANY
GENERAL
INFORMATION (AS ON 31.03.2016)
Subject was incorporated on July 19, 2007 and is owned by Ashland Holdings B.V., The Netherlands. The Company has been established to carry on the business of manufacturing, processing, packing, distributing, supplying, selling, importing, exporting and trading of chemicals, chemical compounds, oil and oil derivatives, plastics, technical equipment and technical components, as well as the rendering of technical services and business support services, The ultimate holding company is Ashland Inc. which is a technology leader in metal casting consumables and design services of unsaturated polyester, vinyl ester resins, gel coats high-performance adhesives and specialty resins.
UNSECURED LOANS:
(INR
In Million)
|
|
|
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Working capital loans from banks |
|
143.000 |
|
Total |
|
143.000 |
(INR In Million)
|
Particulars |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
Loans and advances from related |
100.000 |
|
|
|
|
Short-term
borrowings |
|
|
Working capital loans from banks |
193.000 |
|
Total |
293.000 |
FIXED ASSETS:
Tangible assets
- Land
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
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 66.02 |
|
|
1 |
INR 92.73 |
|
Euro |
1 |
INR 81.46 |
INFORMATION DETAILS
|
Information Gathered
by : |
SAV |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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.