|
|
|
MIRA INFORM REPORT
|
Report No. : |
505031 |
|
Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
A TO Z STEELLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
29, Magazine Street, Darukhana, Near Sangam Hotel, Reay Road, Mumbai –
400010, Maharashtra |
|
Tel. No.: |
91-22-23737386 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
30.03.2006 |
|
|
|
|
Com. Reg. No.: |
11-160853 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 7.500
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109MH2006PTC160853 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged / Not Applicable (As informed by the management
that firm does not have export and import) |
|
|
|
|
GSTIN : [Goods & Service Tax Registration No.] |
Not Divulged |
|
|
|
|
TIN No : |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMA27733G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA6818E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Stockiest in all
types of Steel Products including Alloy Steel Bars, Alloy Steel Bright Bar,
Carbon Steel Bars, Steel Ball Bearing, Spring Steel, Forged Steel, etc. (Registered Activity) |
|
|
|
|
No. of Employees
: |
20 (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 2006. It is a manufacturer of all
types of Steel Products including Alloy Steel, Rods, Carbon Steel and Iron. As per the financials for the FY 2017, the revenue of the company has
increased by 3.87% along with low profit margin of 0.26%. The rating takes into consideration the satisfactory profile of the
company marked by comfortable networth base along with negliable debt level. However, rating strength are partially offset by highly competitive
steel industry. Business is active. Payment terms are slow but correct. In view of aforesaid, the concern 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 24.04.2018
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 : |
Mr. Vijay |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-23737387 |
|
Date : |
23.04.2018 |
LOCATIONS
|
Registered Office/ Warehouse : |
29, Magazine Street, Darukhana, Near Sangam Hotel, Reay Road, Mumbai –
400010, Maharashtra, India |
|
Tel. No.: |
91-22-23737386 |
|
Mobile No.: |
91-9619957555 (Mr. Pranav Mehta) |
|
Fax No.: |
91-22-23737387 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality: |
Commercial |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Jagdishkumar Chandulal Mehta |
|
Designation : |
Director |
|
Address : |
A-704, |
|
Date of Birth/Age : |
24.06.1948 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.03.2006 |
|
PAN No.: |
AAEPM0023H |
|
DIN No.: |
01337915 |
|
|
|
|
Name : |
Mr. Rajendra Chandulal Mehta |
|
Designation : |
Director |
|
Address : |
1 FL Room No.4, |
|
Date of Birth/Age : |
02.04.1953 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.03.2006 |
|
PAN No.: |
AAEPM3672N |
|
DIN No.: |
01361414 |
|
|
|
|
Name : |
Mr. Pranav Jagdishbhai Mehta |
|
Designation : |
Director |
|
Address : |
A-704, |
|
Date of Birth/Age : |
03.04.1977 |
|
Date of Appointment : |
30.03.2006 |
|
PAN No.: |
AGCPM6908P |
|
DIN No.: |
01404137 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Equity Shareholders |
No. of Shares |
|
Jagdishkumar Chandulal Mehta |
48000 |
|
Rajendra Chandulal Mehta |
75000 |
|
Pranav Jagdishbhai Mehta |
27000 |
|
Pratima J Mehta |
100000 |
|
Total |
250000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Shivalik Ventures Private Limited |
350000 |
|
Manas Realotar Private Limited |
150000 |
|
Total |
500000 |
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 : |
Manufacturing and Stockiest in
all types of Steel Products including Alloy Steel Bars, Alloy Steel Bright
Bar, Carbon Steel Bars, Steel Ball Bearing, Spring Steel, Forged Steel, etc. (Registered Activity) |
||||
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|
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|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
|||||
|
Products : |
· Wire Rods · Carbon Steel · Alloy Steel Bars ·
Alloy Steel Bright Bar, etc. |
||||
|
Countries : |
· China · Germany |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Depend on Selling |
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|
|
|
||||
|
Purchasing : |
Depend on Purchasing |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||
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Customers : |
Wholesalers and Retailers
|
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|
||||||||||||||||||||||
|
No. of Employees : |
20 (Approximately) |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Bankers : |
·
Rupee Co-Operative Bank Limited ·
Yes Bank Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Vinod S. Mehta and Company Chartered Accountants |
|
Address : |
114, Jolly Bhavan-1, 10, New Marine Lines, Mumbai 400020, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFV0519Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprise
over which Persons referred to exercises Significant Influence: |
· Alloys Steel Corporation · A To Z Steel Distributors |
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are partners with Key management personnel and their
relatives Description of nature of transactions with related party : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
1000000 |
Presence Shares |
INR 10/- each |
INR 10.000 Million |
|
|
Total |
|
INR 15.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
INR 10/- each |
INR 2.500
Million |
|
500000 |
Presence Shares |
INR 10/- each |
INR 5.000
Million |
|
|
Total |
|
INR 7.500 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 |
7.500 |
7.500 |
7.500 |
|
(b) Reserves and Surplus |
73.888 |
71.828 |
73.592 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
81.388 |
79.328 |
81.092 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
92.294 |
77.109 |
88.000 |
|
(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) |
92.294 |
77.109 |
88.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
55.882 |
53.737 |
53.552 |
|
(b) Trade
payables |
182.243 |
192.901 |
209.982 |
|
(c) Other
current liabilities |
9.611 |
8.438 |
8.812 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
247.736 |
255.076 |
272.346 |
|
|
|
|
|
|
TOTAL |
421.418 |
411.513 |
441.438 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.879 |
1.940 |
1.375 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.354 |
0.197 |
0.206 |
|
(d)
Long-term loans and advances |
(0.191) |
(0.085) |
0.274 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.019 |
|
Total Non-Current
Assets |
2.042 |
2.052 |
1.874 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
48.775 |
55.985 |
62.577 |
|
(c) Trade
receivables |
360.112 |
340.530 |
357.026 |
|
(d) Cash and
bank balances |
6.724 |
10.168 |
19.728 |
|
(e)
Short-term loans and advances |
1.573 |
0.174 |
0.185 |
|
(f) Other current
assets |
2.192 |
2.604 |
0.048 |
|
Total
Current Assets |
419.376 |
409.461 |
439.564 |
|
|
|
|
|
|
TOTAL |
421.418 |
411.513 |
441.438 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
792.779 |
763.187 |
988.828 |
|
|
Other Income |
(0.015) |
1.286 |
0.000 |
|
|
TOTAL |
792.764 |
764.473 |
988.828 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
739.682 |
712.383 |
970.987 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
7.210 |
6.592 |
(23.888) |
|
|
Employee benefit expense |
6.729 |
6.080 |
5.526 |
|
|
Other expenses |
19.356 |
18.774 |
21.245 |
|
|
TOTAL |
772.977 |
743.829 |
973.870 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
19.787 |
20.644 |
14.958 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
15.871 |
17.026 |
10.772 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.916 |
3.618 |
4.186 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.396 |
0.353 |
0.413 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3.520 |
3.265 |
3.773 |
|
|
|
|
|
|
|
Less |
TAX |
1.460 |
5.029 |
1.183 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2.060 |
(1.764) |
2.590 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
18.245 |
48.528 |
0.000 |
|
|
TOTAL IMPORTS |
18.245 |
48.528 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.747 |
(2.352) |
2590000.000 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.268 |
0.268 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(3.676) |
22.118 |
(44.466) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(5.188) |
17.067 |
(35.196) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
165.80 |
162.86 |
131.79 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.20 |
2.24 |
2.77 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
89.93 |
98.84 |
78.93 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.41 |
0.37 |
0.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
10.53 |
10.64 |
10.88 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.81 |
0.81 |
0.82 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.82 |
1.65 |
1.75 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.04 |
3.22 |
3.36 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.02 |
0.02 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.25 |
1.21 |
1.39 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.26 |
(0.23) |
0.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.49 |
(0.43) |
0.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.53 |
(2.22) |
3.19 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.69 |
1.61 |
1.61 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.50 |
1.39 |
1.38 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.19 |
0.19 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
19.79 |
17.48 |
18.87 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.69 |
1.61 |
1.61 |
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 |
7.500 |
7.500 |
7.500 |
|
Reserves & Surplus |
73.592 |
71.828 |
73.888 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
81.092 |
79.328 |
81.388 |
|
|
|
|
|
|
long-term borrowings |
88.000 |
77.109 |
92.294 |
|
Short term borrowings |
53.552 |
53.737 |
55.882 |
|
Current maturities of
long-term debts |
0.000 |
0.268 |
0.268 |
|
Total
borrowings |
141.552 |
131.114 |
148.444 |
|
Debt/Equity
ratio |
1.746 |
1.653 |
1.824 |
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 |
988.828 |
763.187 |
792.779 |
|
|
|
(22.819) |
3.877 |
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 |
988.828 |
763.187 |
792.779 |
|
Profit |
2.590 |
(1.764) |
2.060 |
|
|
0.26
% |
(0.23
%) |
0.26
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
Yes |
|
16] |
No. of employees |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
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 |
NOTE: Registered office of the company has been shifted from C/4, Motisha Jain Park, Motisha Lane, Byculla, Mumbai – 400027, Maharashtra, India to the present address w.e.f.01.01.2008
OPERATIONAL REVIEW:
During the year, the Company has earned a Total Income of INR 792.764 Million as compared to INR 764.474 Million for the previous year. The company has earned profit after tax of INR 2.060 Million as compared to the loss suffered of INR 1.764 Million in the previous year.
The Company is undertaking active efforts towards accelerating the growth speed and is optimistic about better performance in the future.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
92.132 |
76.732 |
|
SHORT TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
3.034 |
2.291 |
|
Rupee term loans from others |
3.687 |
2.733 |
|
Total |
98.853 |
81.756 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C67041897 |
10594028 |
HDFC BANK LIMITED |
31/08/2015 |
03/09/2015 |
- |
80000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL (WEST), MUMBAI-400013IN |
|
2 |
C69039543 |
10372235 |
YES BANK LIMITED |
26/07/2012 |
21/06/2014 |
14/10/2015 |
40000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI, MUMBAI-400018IN |
|
3 |
B56512908 |
10043465 |
RUPEE CO-OPERATIVE BANK LIMITED |
16/03/2007 |
- |
09/08/2012 |
2000000.0 |
2062, SADASHIV PETH, PUNE-411030, MAHARSHTRA, INDIA |
|
4 |
B56512304 |
10043464 |
RUPEE CO-OPERATIVE BANK LIMITED |
16/03/2007 |
- |
09/08/2012 |
4500000.0 |
2062, SADASHIV PETH, PUNE-411030, MAHARSHTRA, INDIA |
|
5 |
B56513096 |
10153887 |
RUPEE CO-OPERATIVE BANK LIMITED |
26/03/2009 |
- |
09/08/2012 |
3000000.0 |
2062, SADASHIV PETH, PUNE-411030, MAHARSHTRA, INDIA |
|
6 |
B56512619 |
10103193 |
RUPEE CO-OP. BANK LIMITED |
23/05/2008 |
- |
09/08/2012 |
4000000.0 |
2062, SADASHIV PETH,PUNEMH411030IN |
FIXED ASSETS
·
Plant and equipment
·
Vehicles
·
Office equipment
·
Computer equipments
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 : |
GYT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TRUP |
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.