|
|
|
MIRA INFORM REPORT
|
Report No. : |
504486 |
|
Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRECISE CHEMIPHARMA PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Malwa, Unit No. 108, E. S. Patanwala Compound, L. B.S. Marg, Ghatkopar
(West), Mumbai – 400086, Maharashtra |
|
Tel. No.: |
91-22-67828600 to 99 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
09.11.1993 |
|
|
|
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Com. Reg. No.: |
11-075033 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 12.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1993PTC075033 |
|
|
|
|
TIN No.: |
27230370507 |
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|
|
|
IEC No.: [Import-Export Code No.] |
0396066402 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACP3180F |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAACP3180F1ZM |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
The company is in the business of Manufacturers, Exporter and Traders of All Kinds of Bulk Drugs and Pharmaceuticals and Chemicals. (Registered activity and also Confirmed by Management) |
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|
|
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No. of Employees
: |
300 (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 |
|
Maximum Credit Limit : |
USD 850000 |
|
|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1993 and it is having good track. It is a manufacturer and exporter of active pharmaceutical ingredients, drug pellets, and intermediates. For the financial year 2017, the company increased its revenue from operations as compared to previous year but maintained decent profitability margin of 6.25%. Rating takes into consideration sound financial profile of the company marked by adequate networth base and average debt balance sheet. Further, rating also derives strength from its extensive experience of its promoters in the pharmaceutical industry as well as established customer and supplier relationship and improvement in the revenue as well as profitability profile during the year. However, rating strength is partially offset by working capital intensive nature of operations and intense competition from industry. Trade relations are reported as fair. Business is active. Payments terms are reported to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
29.01.2018 |
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
|
Name : |
Mr. Chetan Buddha |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9820640642 |
|
Date : |
17.04.2018 |
LOCATIONS
|
Registered Office / Corporate
Office / Head Office : |
Malwa, Unit No. 108, E. S. Patanwala Compound, L. B.S. Marg, Ghatkopar
(West), Mumbai – 400086, Maharashtra |
|
Tel. No.: |
91-22-67828600 to 99 |
|
Mobile No.: |
91-9820640642 [Mr. Chetan Buddha] |
|
Fax No.: |
91-22-25000416 / 21026418 / 21028955 |
|
E-Mail : |
corporate@precisechemipharma.om |
|
Website : |
|
|
Area : |
1000 Sq. Ft. |
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Factory 1 : |
C-384, T.T.C Industrial Area, Village Pawne, Navi Mumbai - 400 703, Maharashtra, India |
|
Tel. No.: |
91-22-65251416 |
|
Fax No.: |
91-22-27617550 |
|
Area : |
1000 Sq. Mt. |
|
Location : |
Rented |
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|
|
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Factory 2 : |
C-409, T.T.C Industrial Area, Opposite - Mack Springs, Belapur Road, Turbhe, Navi Mumbai - 400 703, Maharashtra, India |
|
Area : |
600 Sq. Mt |
|
Location : |
Rented |
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|
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Factory 3 : |
Plot No. D-90/3, Turbhe, M.I.D.C., T.T.C. Industrial Area, Navi Mumbai - 400 703, Maharashtra India |
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|
|
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Factory 4 : |
Gut No. 215/1, 215/2, Khatwad Phata, At Post Talegaon, Taluka Dindori, District: Nashik - 422 202, Maharashtra India |
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|
|
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Marketing Office /
Administrative Office : |
302, Sai Heritage, Tilak Road, Ghatkopar (East), Mumbai - 400 077, Maharashtra, India |
|
Tel. No.: |
91-22-67828600/ 8699 |
|
Fax No.: |
91-22-21026418 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Pravin Vrajlal Shah |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
102 Neelkanth Niketan, Karani Lane, Ghatkopar (West), Mumbai - 400086, Maharashtra, India |
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Date of Birth/Age : |
19.01.1949 |
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Qualification : |
F. Y. B.Com |
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Date of Appointment : |
19.11.1993 |
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PAN No.: |
AAFPS86440 |
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DIN No.: |
01678880 |
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Other Directorship:
|
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Pranay Pravin Shah |
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|
Designation : |
Director |
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|
Address : |
102, Neelkanth Niketan, Karani Lane, Ghatkopar (West), Mumbai - 400086, Maharashtra, India |
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|
Date of Birth/Age : |
03.07.1979 |
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|
Qualification : |
B. Com |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.04.1997 |
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PAN No.: |
ACWPS2353J |
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DIN No.: |
02657734 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mehul Pravinchandra Shah |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
102, Neelkanth Niketan, Karani Lane, Ghatkopar (West), Mumbai - 400086, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
29.07.1976 |
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Qualification : |
B. Sc. |
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Date of Appointment : |
26.09.1994 |
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PAN No.: |
AACPS0989A |
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DIN No.: |
02657748 |
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Other Directorship:
|
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||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sunil Sadanand Sukhthankar |
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|
Designation : |
Director |
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Address : |
607, Vardhaman Palace, Plot No 46 Sec-17 Vashi, Navi Mumbai, Thane - 400705, Maharashtra, India |
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Date of Birth/Age : |
12.06.1961 |
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Date of Appointment : |
01.04.2000 |
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DIN No.: |
03148373 |
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KEY EXECUTIVES
|
Name : |
Mr. Chetan Buddha |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Pravin Vrajlal Shah |
|
43445 |
|
Mehul Pravinchandra Shah |
|
40945 |
|
Pranay Pravin Shah |
|
40000 |
|
Sunil Sadanand Sukhthankar |
|
100 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is in the business of Manufacturers, Exporter and Traders of All Kinds of Bulk Drugs and Pharmaceuticals and Chemicals. (Registered activity and also Confirmed by Management) |
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|
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Brand Names : |
Not Divulged |
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|
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished goods |
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Countries : |
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Imports : |
|
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Products : |
Raw Material |
|
Countries : |
China |
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Terms : |
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Selling : |
Cash, L/C and RTGS |
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|
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Purchasing : |
L/C and RTGS |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Related Companies
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
N. V. Doshi and Company Chartered Accountants |
|
Address : |
110 Sujata Chambers 1/3, Abhechand Gandhi Marg, Masjid Bunder, Mumbai
– 400009, Maharashtra, India |
|
Tel. No.: |
91-22-65220679 / 23432554 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAPD7852P |
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|
|
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Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concerns : |
|
|
|
|
|
Other related party |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125000 |
Equity Shares |
INR 100/- each |
INR 12.500 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 |
12.500 |
12.500 |
12.500 |
|
(b) Reserves & Surplus |
284.026 |
188.534 |
167.083 |
|
(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) |
296.526 |
201.034 |
179.583 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
222.936 |
165.023 |
145.016 |
|
(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) |
222.936 |
165.023 |
145.016 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
189.354 |
217.019 |
171.950 |
|
(b) Trade payables |
250.876 |
181.083 |
179.464 |
|
(c) Other current liabilities |
11.680 |
19.258 |
11.077 |
|
(d) Short-term provisions |
53.559 |
26.834 |
30.950 |
|
Total
Current Liabilities (4) |
505.469 |
444.194 |
393.441 |
|
|
|
|
|
|
TOTAL |
1024.931 |
810.251 |
718.040 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
357.574 |
314.199 |
148.350 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
24.461 |
20.961 |
128.591 |
|
(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) |
-5.782 |
-0.655 |
1.231 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
376.253 |
334.505 |
278.172 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
287.090 |
198.873 |
190.911 |
|
(c) Trade receivables |
283.927 |
200.294 |
185.511 |
|
(d) Cash and cash equivalents |
0.417 |
3.842 |
2.283 |
|
(e) Short-term loans and
advances |
61.428 |
56.523 |
52.912 |
|
(f) Other current assets |
15.816 |
16.214 |
8.251 |
|
Total
Current Assets |
648.678 |
475.746 |
439.868 |
|
|
|
|
|
|
TOTAL |
1024.931 |
810.251 |
718.040 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1506.675 |
835.573 |
858.936 |
|
|
Other Income |
0.102 |
12.498 |
7.277 |
|
|
TOTAL
|
1506.777 |
848.071 |
866.213 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1000.416 |
591.660 |
617.144 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(18.925) |
(3.809) |
13.218 |
|
|
Employees benefits expense |
181.210 |
96.793 |
103.331 |
|
|
Other expenses |
118.917 |
82.311 |
57.115 |
|
|
TOTAL |
1281.618 |
766.955 |
790.808 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
225.159 |
81.116 |
75.405 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
40.786 |
30.722 |
24.280 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
184.373 |
50.394 |
51.125 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
52.119 |
32.247 |
32.382 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
132.254 |
18.147 |
18.743 |
|
|
|
|
|
|
|
Less |
TAX |
38.046 |
6.908 |
6.723 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
94.208 |
11.239 |
12.020 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
753.67 |
89.91 |
96.16 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
11.680 |
19.258 |
11.077 |
|
Cash generated from operations |
133.971 |
50.361 |
88.485 |
|
Net cash flow from operating activity |
101.051 |
45.339 |
79.820 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
68.78 |
87.49 |
78.83 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.31 |
4.17 |
4.63 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
91.53 |
111.71 |
106.14 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.78 |
0.41 |
0.39 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.59 |
0.24 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.72 |
0.78 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.43 |
2.00 |
1.83 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.70 |
2.21 |
2.19 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.29 |
1.67 |
1.54 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.52 |
2.64 |
3.11 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
6.25 |
1.35 |
1.40 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.19 |
1.39 |
1.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
31.77 |
5.59 |
6.69 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.28 |
1.07 |
1.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.72 |
0.62 |
0.63 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.29 |
0.25 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
33.92 |
32.10 |
26.24 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.28 |
1.07 |
1.12 |
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 |
12.500 |
12.500 |
12.500 |
|
Reserves & Surplus |
167.083 |
188.534 |
284.026 |
|
Net
worth |
179.583 |
201.034 |
296.526 |
|
|
|
|
|
|
Long Term borrowings |
145.016 |
165.023 |
222.936 |
|
Short Term borrowings |
171.950 |
217.019 |
189.354 |
|
Current Maturities of Long term debt |
11.077 |
19.258 |
11.680 |
|
Total
borrowings |
328.043 |
401.300 |
423.970 |
|
Debt/Equity
ratio |
1.827 |
1.996 |
1.430 |
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
|
858.936 |
835.573 |
1506.675 |
|
|
|
(2.720) |
80.316 |
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
|
858.936 |
835.573 |
1506.675 |
|
Profit |
12.020 |
11.239 |
94.208 |
|
|
1.40% |
1.35% |
6.25% |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
GENERAL
The company is Private Limited Company. The company having two units at Navi Mumbai i.e. C-384 and D-90/3 in Vashi, Navi Mumbai and one at Nashik and company has started Research and Development activities in its approved two approved units i. e. one at C-384, Vashi, Navi Mumbai and one at Nashik.
Nature of Business: -
The company is in the business of Manufacturers and Traders of All Kinds of Bulk Drugs and Pharmaceuticals, Exporter of Pharmaceuticals, Bulk Drugs and Chemicals.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and
Advances from related parties from Directors |
|
|
|
Pravin V. Shah |
34.082 |
19.058 |
|
Mehul P. Shah |
32.130 |
17.973 |
|
Pranay P. Shah |
17.844 |
8.888 |
|
Dr. Sunil Suktankar |
1.028 |
1.255 |
|
From Other
Relatives |
|
|
|
Ila P Shah |
6.378 |
5.848 |
|
Rochana M Shah |
1.603 |
1.606 |
|
Gauri P Shah |
2.952 |
2.842 |
|
Pravin V Shah HUF |
4.446 |
4.013 |
|
Other loans and advances
(Specify nature) |
|
|
|
Adifya Birla Finance Limited |
2.479 |
0.000 |
|
Bajaj Finance, limited |
1.916 |
0.000 |
|
Capital First Limited |
2.813 |
0.000 |
|
Edelweiss Retail Finance Limited |
2.933 |
0.000 |
|
Fullerton India Credit Company Limited |
40.742 |
41.908 |
|
Fullerton India Credit Company Limited (INR 0.500 Million) |
.4.215 |
0.000 |
|
ICICI Bank Limited |
2.350 |
0.000 |
|
ITCL Lenders Agency |
2.343 |
0.000 |
|
Magma Fincorp Limited |
2.591 |
0.000 |
|
Shriram City Union Finance Limited |
2.363 |
0.000 |
|
Tata Capital Financial Services Limited |
3.474 |
0.000 |
|
Other Loans and advances |
4.218 |
0.000 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans repayable
on demand Byers’s Credit (Against Import Bills) |
|
|
|
Canara Bank, Shanghai |
23.335 |
1.474 |
|
State Bank of India – Osaka (Japan) |
6.946 |
16.243 |
|
Indian Overseas Bank – Hong Kong |
0.000 |
20.242 |
|
Indian Overseas Bank - Kowloon |
9.761 |
0.000 |
|
Union Bank of India (Hong Kong) |
1.266 |
0.000 |
|
|
|
|
|
Total |
209.993 |
141.350 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G83446674 |
100168610 |
INDIABULLS HOUSING FINANCE LIMITED |
15/11/2017 |
- |
- |
43000000.0 |
M - 62 & 63FIRST FLOOR, CONNAUGHT PLACENEW DELHIDe110001IN |
|
2 |
C04843447 |
10495972 |
CORPORATION BANK |
12/03/2014 |
- |
- |
18750000.0 |
CORPORATION BANK1 RAMAN SMRUTI ,KARANI ROAD, GHATKOPAR-WESTMUMBAIMH400086IN |
|
3 |
C04844171 |
10495979 |
CORPORATION BANK |
28/02/2014 |
- |
- |
750000.0 |
CORPORATION BANK1 RAMAN SMRUTI ,KARANI ROAD, GHATKOPAR-WESTMUMBAIMH400086IN |
|
4 |
B56383177 |
10372550 |
ING VYSYA BANK LIMITED |
30/06/2012 |
- |
- |
76353000.0 |
SHOP NO.1,2,3 & 4,MANJU APARTMENTS,R.B METHA MARG, GHATKOPAR EAST,MumbaiMH400077IN |
|
5 |
B10614204 |
10284089 |
CORPORATION BANK |
14/03/2011 |
- |
- |
1050000.0 |
1 RAMAN SMRUTI ,KARANI ROADNEAR TELEPHONE EXCHANGE,GHATKOPAR-WESTMUMBAIMH400086IN |
|
6 |
A81949109 |
10209767 |
CORPORATION BANK |
08/02/2010 |
- |
- |
800000.0 |
1 RAMAN SMRUTI ,KARANI ROADNEAR TELEPHONE EXCHANGE,GHATKOPAR-WESTMUMBAIMH400086IN |
|
7 |
G48969125 |
90352977 |
Corporation bank |
09/03/2002 |
30/06/2017 |
- |
276000000.0 |
1, Raman Smruti , Karani RoadNear Telephone Exchange, Ghatkopar WestMumbaiMH400086IN |
|
8 |
C36663086 |
10372552 |
ING VYSYA BANK LIMITED |
30/06/2012 |
- |
05/12/2014 |
171000000.0 |
SHOP NO.1,2,3 & 4,MANJU APARTMENTS,R.B METHA MARG, GHATKOPAR EAST,MumbaiMH400077IN |
FIXED ASSETS
- Air Conditioner
- Books
- Computer
- CCTV Camera
- Furniture and Fixture
- Factory Building
- Fire equipment
- Electrical Installation
- Mobile
- Office Equipment
- Refrigerator
- Vehicle
- Motor Cycle
- Plant and machinery
- LCD Projector
- LED TV
- LCD TV
- Apple IPAD
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 66.23 |
|
|
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
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 |
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.