|
|
|
MIRA INFORM REPORT
|
Report No. : |
505701 |
|
Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MEHK CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
W-5, W-6, W-7, W-8, T.T.C. Industrial Area, Pawane, Thane-400705, Navi
Mumbai, Maharashtra |
|
Tel. No.: |
91-22-27682497/27614487 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
02.02.1989 |
|
|
|
|
Com. Reg. No.: |
11-050545 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24200MH1989PTC050545 |
|
|
|
|
TIN No.: |
27530026283 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0390007382 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCM0329E |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCM0329E1ZX |
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|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
Manufacturing of Chemicals. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Satisfactory |
|
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|
|
Payment Behaviour : |
Slow but correct |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 1989 having
moderate track record. For the financial year ended 2017, revenue of the company has
marginally declined and has reported profit margin of 0.30% (approximately) The company possesses an acceptable financial profile marked by sound
net worth base along with good asset base and favourable gap between TRADE
payables to its trade receivables. The company also derives strength from its long standing track record
of business operations. However, the rating strength is partially offset by low profit margin
and excess of borrowings recorded by the company. Trade relations are reported as fair. Business is active. Payment
terms are seems to be slow but correct. 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 |
CRISIL |
|
Rating |
Long Term Rating = BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
10.07.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 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 DENIED BY
|
Name : |
Mr. Rohit Gajanan Kamath |
|
Designation : |
Director |
|
Contact No.: |
91-9323157788 |
|
Date : |
09.08.2017 |
91-22-27082497/ 27614487 (Ringing)
LOCATIONS
|
Registered Office/ Factory : |
W-5, W-6, W-7, W-8, T.T.C. Industrial Area, Pawane, Navi
Mumbai-400705, Maharashtra, India |
|
Tel. No.: |
91-22-27682497 / 27614487 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rohit Gajanan Kamath |
|
Designation : |
Director |
|
Address : |
Plot No-93, H Lane, Sector-8, Vashi, Navi Mumbai-400703, Maharashtra, India |
|
Date of Birth/Age : |
24.04.1957 |
|
Date of Appointment : |
02.02.1989 |
|
DIN No.: |
01823503 |
|
|
|
|
Name : |
Ms. Jasvinder Kaur Kamath |
|
Designation : |
Director |
|
Address : |
Plot No.93, Lane H, Sector-8, Vashi, Navi Mumbai-400703, Maharashtra, India |
|
Date of Birth/Age : |
14.09.1966 |
|
Date of Appointment : |
20.06.2003 |
|
DIN No.: |
03287973 |
|
|
|
|
Name : |
Mr. Gajanan Ganesh Kamath |
|
Designation : |
Director |
|
Address : |
Plot No.93, H Lane, Sector-8, Vashi, Navi Mumbai-400703, Maharashtra, India |
|
Date of Birth/Age : |
22.10.1929 |
|
Date of Appointment : |
02.02.1989 |
|
DIN No.: |
07233146 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rohit Gajanan Kamath |
|
16665 |
|
Jasvinder Kaur Kamath |
|
2777 |
|
Smita Sutarwala |
|
6 |
|
Gajanan Ganesh Kamath |
|
27775 |
|
Total |
|
50000 |
Equity Share Break up (Percentage of Total Equity)
As on 2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Chemicals. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 : |
Information declined by the management |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Gokhale Associates Chartered Accountants |
|
Address : |
Archana Co-Operative Housing Society, Flat No.B-08, Plot 18, Sector –
17, Vashi, Navi Mumbai - 400703, Maharashtra, India |
|
Tel. No.: |
91-22-27895105/ 40135585/ 86/ 87 |
|
Fax. No: |
91-22-27893599 |
|
Email: |
|
|
Website : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFG9986E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 100/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 100/- each |
INR 5.000 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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
37.848 |
36.914 |
36.762 |
|
(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) |
42.848 |
41.914 |
41.762 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
70.034 |
100.382 |
10.157 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.700 |
0.100 |
|
(d) long-term provisions |
0.700 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
70.734 |
101.082 |
10.257 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
75.340 |
21.715 |
78.735 |
|
(b) Trade payables |
61.031 |
39.296 |
67.075 |
|
(c) Other current liabilities |
5.997 |
4.942 |
6.382 |
|
(d) Short-term provisions |
6.301 |
4.167 |
3.813 |
|
Total
Current Liabilities (4) |
148.669 |
70.120 |
156.005 |
|
|
|
|
|
|
TOTAL |
262.251 |
213.116 |
208.024 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
73.643 |
55.615 |
55.167 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.027 |
2.447 |
4.357 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.265 |
|
(d) Long-term Loan and Advances |
2.880 |
2.128 |
0.723 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
77.550 |
60.190 |
60.512 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
62.218 |
56.418 |
42.777 |
|
(c) Trade receivables |
68.508 |
45.982 |
85.928 |
|
(d) Cash and cash equivalents |
20.391 |
25.794 |
3.109 |
|
(e) Short-term loans and
advances |
8.665 |
8.872 |
1.637 |
|
(f) Other current assets |
24.919 |
15.860 |
14.061 |
|
Total
Current Assets |
184.701 |
152.926 |
147.512 |
|
|
|
|
|
|
TOTAL |
262.251 |
213.116 |
208.024 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
314.533 |
327.656 |
315.667 |
|
|
Other Income |
4.096 |
3.458 |
2.025 |
|
|
TOTAL
|
318.629 |
331.114 |
317.692 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
177.518 |
207.853 |
227.737 |
|
|
Other direct expenses |
0.000 |
34.467 |
28.091 |
|
|
Employees benefits expense |
38.729 |
33.757 |
28.925 |
|
|
Exceptional Items |
0.000 |
11.137 |
0.000 |
|
|
Other expenses |
66.208 |
17.806 |
10.902 |
|
|
TOTAL |
282.455 |
305.020 |
295.655 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
36.174 |
26.094 |
22.037 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
21.084 |
16.199 |
13.529 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
15.090 |
9.895 |
8.508 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
12.306 |
8.867 |
7.779 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.784 |
1.028 |
0.729 |
|
|
|
|
|
|
|
Less |
TAX |
1.850 |
0.876 |
-0.025 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.934 |
0.152 |
0.754 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
18.69 |
3.03 |
15.07 |
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 |
77.721 |
(50.905) |
12.729 |
|
Net cash flow from operating activity |
75.872 |
(51.516) |
12.754 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
79.50 |
51.22 |
99.36 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.59 |
7.13 |
3.67 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
125.49 |
69.01 |
107.50 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.58 |
0.46 |
0.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.49 |
0.47 |
0.40 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.83 |
0.80 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.39 |
2.91 |
2.13 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.47 |
1.67 |
3.74 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.72 |
1.33 |
1.32 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.72 |
1.61 |
1.63 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
0.30 |
0.05 |
0.24 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.36 |
0.07 |
0.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.18 |
0.36 |
1.81 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.24 |
2.18 |
0.95 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.82 |
1.38 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.16 |
0.20 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
29.07 |
24.42 |
17.78 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.24 |
2.18 |
0.95 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
36.762 |
36.914 |
37.848 |
|
Net
worth |
41.762 |
41.914 |
42.848 |
|
|
|
|
|
|
Long Term borrowings |
10.157 |
100.382 |
70.034 |
|
Short Term borrowings |
78.735 |
21.715 |
75.340 |
|
Total
borrowings |
88.892 |
122.097 |
145.374 |
|
Debt/Equity
ratio |
2.129 |
2.913 |
3.393 |
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
|
315.667 |
327.656 |
314.533 |
|
|
|
3.798 |
(4.005) |
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
|
315.667 |
327.656 |
314.533 |
|
Profit |
0.754 |
0.152 |
0.934 |
|
|
0.24% |
0.05% |
0.30% |
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 |
No |
|
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 |
No |
|
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 |
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 |
Yes |
|
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 |
NOTE: Registered office of the company has been shifted from W-6, T.T.C. Industrial Area, Pawane, Thane-400705, Navi Mumbai, Maharashtra to the present address w.e.f. 17.08.2015
OPERATIONS:
The Net Profit for the year amounted to INR 2.784 million in the current year as compared to INR 1.028 million in the previous year. This is on account of increase in total revenue.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans from
Related Parties |
|
|
|
From
Shareholders and Directors |
|
|
|
Dr. Smita Suterwala Loam |
6.426 |
5.847 |
|
Mrs. Jasvinder Kamath |
0.030 |
0.030 |
|
From Others |
|
|
|
Volkswagen Finance Private Limited (Hypothecated against respective vehicles) |
0.436 |
1.355 |
|
Religare Finvest Limited |
0.000 |
93.150 |
|
|
|
|
|
Short-term
Borrowings |
|
|
|
Religare Finvest Limited |
0.000 |
5.404 |
|
Axis Bank Term Loan |
8.040 |
0.000 |
|
Volkswagen Finance Private Limited (Hypothecated against respective vehicles) |
1.012 |
1.004 |
|
HDFC Bank Limited (Ertiga Loan) |
0.149 |
0.000 |
|
|
|
|
|
Total |
16.093 |
106.790 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G73339905 |
100096520 |
Axis Bank Limited |
22/02/2017 |
28/12/2017 |
- |
70000000.0 |
CCSU Thane, Dhiraj Bagh, Nr. Hariniwas CircleLBS Marg, Thane West,ThaneMH400602IN |
|
2 |
G49327893 |
100049043 |
Axis Bank Limited |
02/03/2016 |
13/07/2017 |
- |
55000000.0 |
CCSU Thane, Dhiraj Bagh, Nr. Hariniwas CircleLBS Marg, Thane West,ThaneMH400602IN |
|
3 |
C61422309 |
10585443 |
RELIGARE FINVEST LIMITED |
30/06/2015 |
- |
- |
100600000.0 |
D3, P3B,District Centre, SaketNew DelhiDL110017IN |
|
4 |
C23021397 |
10522488 |
BANK OF INDIA |
02/09/2014 |
- |
- |
10000000.0 |
TURBHE BRANCH, PLOT NO.34, SECTOR-24TURBHENAVI MUMBAIMH400705IN |
|
5 |
A73066490 |
10072025 |
CITIBANK N. A. |
14/09/2007 |
12/11/2009 |
- |
7100000.0 |
CITITOWER, DR. S. S. RAO ROAD,PARELMUMBAIMH400012IN |
|
6 |
A11643012 |
10039405 |
BANK OF INDIA LIMITED |
13/02/2007 |
- |
- |
7000000.0 |
TURBHE BRANCH, PLOT NO 34, SECTOR-24, TURBHENAVI MUMBAIMH400705IN |
|
7 |
A11643384 |
10042103 |
BANK OF INDIA LIMITED |
08/02/2007 |
- |
- |
7000000.0 |
TURBHE BRANCH, PLOT NO 34, SECTOR-24, TURBHENAVI MUMBAIMH400705IN |
|
8 |
Y10246762 |
90146992 |
BANK OF INDIA |
20/12/1991 |
28/12/1991 |
- |
300000.0 |
TURRHE BRANCHNEW BOMBAYTHANEMHIN |
|
9 |
G12496410 |
10570887 |
DEUTSCHE BANK AG |
30/04/2015 |
- |
04/08/2016 |
3194000.0 |
P.O. BOX NO. 9080GOREGAON(EAST)MUMBAIMH400063IN |
|
10 |
G12498416 |
10570886 |
DEUTSCHE BANK AG |
30/04/2015 |
- |
04/08/2016 |
2850000.0 |
P.O. BOX NO. 9080GOREGAON(EAST)MUMBAIMH400063IN |
FIXED ASSETS
- Land
- Factory Building
- Furniture and Fixture
- Vehicles
- Plant and Machinery
- Air Conditioner
- Computer
- Office Equipment
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 66.23 |
|
|
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
PON |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KJL |
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.