|
|
|
MIRA INFORM REPORT
|
Report No. : |
505121 |
|
Report Date : |
23.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
G M MODULAR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
405/406, Shalimar Morya Park Premises Cooperative Society Limits
Limited, Opposite Infiniti Mall Off, New Link Road, Andheri(West), Mumbai -
400053 , Maharashtra |
|
Tel. No.: |
91-22-66790623 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
25.06.1999 |
|
|
|
|
Com. Reg. No.: |
11- 120544 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 16.812 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31900MH1999PTC120544 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
0303051990 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCG3313Q1ZG |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG3313Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, exporter, importer and supplier of Electrical Equipment such as modular switches, electrical accessories etc. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
10 (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 : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject was incorporated in the year 1999. It is a manufacturer, supplier, exporter and importer of Modular Switches and Electrical Accessories. For the financial year 2016, the company has achieved 57.69% growth in its revenue as compared to previous year revenue along with average profit margin of 2.94%. The sound financial profile of the company is marked by improving networth base due to equity infused by its promoters along with negligible debt level. The rating takes into consideration the subject’s long established track record of business operations along with extensive experience of its promoters. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: As per Registrar of Companies, the date of balance sheet i.e. financial filed is shown as 31st March 2017 but documents related to the financials for the year 2017 are not available from any sources. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 23.04.2018
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 (GENERAL DETAILS)
|
Name : |
Ms. Heta |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-66790623 |
|
Date : |
20.04.2018 |
LOCATIONS
|
Registered Office : |
405/406, Shalimar Morya Park Premises Cooperative Society
Limits Limited, Opposite Infiniti Mall Off, New Link Road, Andheri(West),
Mumbai - 400053 , Maharashtra, India |
|
Tel. No.: |
91-22-66790623/61774545 |
|
Fax No.: |
91-22-66790624 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Gala No. 8,9, Bokadia Industrial Estate, Sativali Road,
Village-Vallive, Vasi (East), Thane – 401208, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Jayantilal Otmal Jain |
|
Designation : |
Wholetime Director |
|
Address : |
A/503, Link Palace , Opposite Kamat's Club, Lokhandwala,
Andheri (West) Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
04.09.1968 |
|
Qualification: |
B.com |
|
Date of Appointment : |
25.06.1999 |
|
DIN No.: |
01711790 |
|
PAN No.: |
AEGPJ5378E |
|
|
|
|
Name : |
Mr. Ramesh Kumar Jain |
|
Designation : |
Wholetime Director |
|
Address : |
11-10-3 2nd floor, Ammisettivari Street, Near Subbaramaiah
School, One Town, Krishna District Vijayawada – 520001, Andhra Pradesh, India
|
|
Date of Birth/Age : |
15.05.1964 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
02000716 |
|
PAN No.: |
ADIPJ4196P |
KEY EXECUTIVES
|
Name : |
Ms. Heta |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Jayantilal Otmal Jain |
|
580600 |
|
Jayantilal Otmal Jain – HUF |
|
35000 |
|
Fancydevi Ramesh Kumar |
|
190104 |
|
Ramesh Kumar Otmal Jain (HUF) |
|
35000 |
|
Chayya Gupta |
|
100 |
|
M Praveen |
|
100 |
|
P Anju |
|
100 |
|
Ramesh Kumar Otmal Jain |
|
696527 |
|
Nav Marketing Enterprises, India |
|
200 |
|
Kumarpal B Banda |
|
100 |
|
Madanlal O Jain |
|
2000 |
|
G. Trade and Capital Venture Private Limited, India |
|
589000 |
|
Gautam Abhishek HUF |
|
10 |
|
Gautamchand Jain |
|
10 |
|
Aakash Jain |
|
45000 |
|
Varsha Jain |
|
89500 |
|
Million Foundation Private Limited |
|
30300 |
|
|
|
|
|
Total |
|
2293651 |
Equity Share Break up (Percentage of Total Equity)
AS ON 18.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
72.89 |
|
Promoters- Body corporate |
25.67 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
0.11 |
|
Public/Other than promoters - Body corporate |
1.32 |
|
Public/Other than promoters- Others |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturer, exporter, importer and supplier of Electrical Equipment such as modular switches, electrical accessories etc. [Registered activity and also confirmed by management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw material |
||||
|
Countries : |
China |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cheque and Others (NEFT) |
||||
|
|
|
||||
|
Purchasing : |
Cheque and Others (NEFT) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
10 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Sanjay and Vijay Associates Chartered Accountants |
|
Address : |
23, Kesar Building, 2Nd Floor, Opposite Geeta Bhavan Hotel, 201/211Princess Street, Marinelines, Mumbai – 400002, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAAS5525R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprise where KMP
have significant influence or control: |
[U52300MH2010PTC201779]
[U51909MH2004PTC147064]
[U31909AP2013PTC088912]
|
CAPITAL STRUCTURE
AS ON 18.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2293651 |
Equity Shares |
INR 10/- each |
INR 22.937 Million |
|
|
|
|
|
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1681220 |
Equity Shares |
INR 10/- each |
INR 16.812 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 |
16.812 |
12.552 |
12.552 |
|
(b) Reserves and Surplus |
232.579 |
116.736 |
87.390 |
|
(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) |
249.391 |
129.288 |
99.942 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
522.755 |
286.075 |
159.203 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
522.755 |
286.075 |
159.203 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
559.108 |
393.718 |
303.703 |
|
(c) Other
current liabilities |
82.118 |
29.263 |
14.076 |
|
(d) Short-term
provisions |
30.440 |
13.337 |
1.829 |
|
Total Current
Liabilities (4) |
671.666 |
436.318 |
319.608 |
|
|
|
|
|
|
TOTAL |
1443.812 |
851.681 |
578.753 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
178.598 |
106.332 |
50.621 |
|
(ii)
Intangible Assets |
0.643 |
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
11.598 |
4.144 |
20.305 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
190.839 |
110.476 |
70.926 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
507.564 |
267.854 |
168.836 |
|
(c) Trade
receivables |
671.323 |
426.069 |
302.540 |
|
(d) Cash and
bank balances |
19.595 |
0.445 |
35.911 |
|
(e) Short-term
loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
54.491 |
46.837 |
0.540 |
|
Total
Current Assets |
1252.973 |
741.205 |
507.827 |
|
|
|
|
|
|
TOTAL |
1443.812 |
851.681 |
578.753 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1693.682 |
1074.058 |
835.224 |
|
|
Other Income |
2.951 |
2.782 |
2.556 |
|
|
TOTAL |
1696.633 |
1076.840 |
837.780 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1356.346 |
911.546 |
791.673 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(239.710) |
(99.018) |
(98.312) |
|
|
Employee benefit expense |
78.805 |
35.226 |
6.945 |
|
|
Other expenses |
354.443 |
152.702 |
87.769 |
|
|
TOTAL |
1549.884 |
1000.456 |
788.075 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
146.749 |
76.384 |
49.705 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
55.074 |
24.272 |
12.374 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
91.675 |
52.112 |
37.331 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.345 |
6.650 |
3.750 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
81.330 |
45.462 |
33.581 |
|
|
|
|
|
|
|
Less |
TAX |
31.517 |
16.116 |
10.979 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
49.813 |
29.346 |
22.602 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
281.686 |
70.515 |
NA |
|
|
TOTAL IMPORTS |
281.686 |
70.515 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
29.63 |
23.38 |
18.01 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
6.370 |
2.419 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(118.458) |
(60.001) |
(43.190) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(149.975) |
(76.117) |
(41.836) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
144.67 |
144.79 |
132.21 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.52 |
2.52 |
2.76 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
150.46 |
157.65 |
140.02 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.29 |
0.29 |
0.29 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.82 |
0.72 |
0.98 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.83 |
0.85 |
0.83 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.12 |
2.23 |
1.59 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.69 |
3.37 |
3.20 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.72 |
0.82 |
0.51 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.66 |
3.15 |
4.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.94 |
2.73 |
2.71 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.45 |
3.45 |
3.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
19.97 |
22.70 |
22.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.87 |
1.70 |
1.59 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.11 |
1.08 |
1.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.17 |
0.15 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
31.47 |
22.98 |
12.68 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.87 |
1.70 |
1.59 |
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 |
12.552 |
12.552 |
16.812 |
|
Reserves & Surplus |
87.390 |
116.736 |
232.579 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
99.942 |
129.288 |
249.391 |
|
|
|
|
|
|
Long-term borrowings |
159.202 |
286.075 |
522.755 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
0.000 |
2.419 |
6.370 |
|
Total
borrowings |
159.202 |
288.494 |
529.125 |
|
Debt/Equity
ratio |
1.593 |
2.231 |
2.122 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
835.224 |
1074.058 |
1693.682 |
|
|
|
28.595 |
57.690 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
835.224 |
1074.058 |
1693.682 |
|
Profit/ (Loss) |
22.602 |
29.346 |
49.813 |
|
|
2.71
% |
2.73
% |
2.94
% |
LEGAL
CASE
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) |
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 |
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 |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: As confirmed by the management registered
office of the company has been shifted from Gala No. 8, Bokadia Industrial Estate,
Sativali Road, Village-Vallive, Vasi (East), Thane – 401208, Maharashtra, India
to present address
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
LONG TERM
BORROWING |
|
|
|
Intercorporate deposits |
343.433 |
71.980 |
|
Loans and advances from directors |
2.107 |
68.005 |
|
Total |
345.540 |
139.985 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G53093894 |
100123834 |
STANDARD CHARTERED
BANK |
14/06/2017 |
- |
- |
32000000.0 |
CRESCENZO, 3A/F,
PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA
EASTMUMBAIMH400051IN |
|
2 |
G69200848 |
100123832 |
STANDARD CHARTERED
BANK |
14/06/2017 |
24/11/2017 |
- |
250000000.0 |
CRESCENZO, 3A/F,
PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA
EASTMUMBAIMH400051IN |
|
3 |
G51260537 |
100101787 |
HDFC BANK LIMITED |
29/04/2017 |
09/06/2017 |
- |
379000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
G37734019 |
100088095 |
DEUTSCHE BANK AG |
31/01/2017 |
- |
- |
46200000.0 |
P.O. BOX NO.
9080GOREGAON(EAST)MUMBAIMH400063IN |
|
5 |
G09181686 |
100043794 |
DBS BANK LTD |
27/07/2016 |
- |
- |
250000000.0 |
3RD FLOOR, FORT
HOUSEDR. D N ROAD, FORTMUMBAIMH400001IN |
|
6 |
G76912534 |
100040393 |
DBS BANK LTD |
01/07/2016 |
06/12/2017 |
- |
350000000.0 |
GROUND FLOOR, EXPRESS
TOWERSNARIMAN POINTMUMBAIMH400053IN |
|
7 |
G69917631 |
10598973 |
DBS BANK LTD |
23/10/2015 |
13/09/2017 |
- |
50000000.0 |
GROUND
FLOOREXPRESS TOWERS, NARIMAN POINTMUMBAIMH400021IN |
|
8 |
C60955408 |
10585680 |
DEUTSCHE BANK AG |
10/07/2015 |
- |
- |
39300000.0 |
P.O. BOX NO.
9080GOREGAON (EAST)MUMBAIMH400063IN |
|
9 |
G41567710 |
10488704 |
AXIS BANK LIMITED |
27/03/2014 |
13/04/2016 |
17/04/2017 |
250000000.0 |
CORPORATE CREDIT
SERVICE UNIT - ANDHERIAMBIKA TOWERS, RAJMATA JIJABAI ROAD, ANDHERI (E)MUMBAIMH400093IN |
|
10 |
G41568296 |
10503689 |
AXIS BANK LIMITED |
16/06/2014 |
19/05/2016 |
17/04/2017 |
250000000.0 |
CORPORATE CREDIT
SERVICE UNIT - ANDHERIAMBIKA TOWER RAJMATA JIJABAI ROAD, ANDHERI
(EAST)MUMBAIMH400093IN |
FIXED ASSETS:
Tangible assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Computer software
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 66.02 |
|
|
1 |
INR 92.73 |
|
Euro |
1 |
INR 81.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.