|
|
|
MIRA INFORM REPORT
|
Report No. : |
505458 |
|
Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
FLEXILIS PRIVATE LIMITED (w.e.f.21.08.2012) |
|
|
|
|
Formerly Known
As : |
SAMIR SUPPLY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
607 / 608, Inizio, Cardinal Gracious Road, Chakala, Andheri (East),
Mumbai – 400099, Maharashtra |
|
Tel. No.: |
91-22-61323400/ 56 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of Incorporation
: |
16.01.1989 |
|
|
|
|
Com. Reg. No.: |
11-050367 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 10.949 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24111MH1989PTC050367 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0389011681 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AADCS5166R1ZL |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS5166R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
· Subject is engaged in the business as Trader and Dealer of Rubber Chemical and Plastic and Generation of Electricity through Windmill. (Registered Activity and also Confirmed by Management) · Trader, Exporter and Importer of LLDPE, HDFE, Polypropylene, etc. (Confirmed by Management) |
|
|
|
|
No. of Employees
: |
43 (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 : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1989. It is a Trader, Exporter and Importer of Rubber and Chemical, Plastic (LLDPE, HDFE, Polypropylene) and Generation of Electricity through Windmill. Management has failed to file its financials with Registrar of
Companies for the FY 2017. As per the available financial of 2016, the company has achieved 2.53% growth in
its revenue as compared to previous year revenue along with low profit margin
of 0.93% The sound financial profile of the company is marked by adequate
networth base along with negligible debt level. Rating takes into consideration the subject’s long record of business
operations along with extensive experience of its promoters. Rating is constrained on account of absence of latest financials. 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. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 25.04.2018.
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. Bhupesh Mansukhlal Vora |
|
Designation : |
Director |
|
Contact No.: |
91-9967744144 |
|
Date : |
21.04.2018 |
LOCATIONS
|
Registered Office : |
607 / 608, Inizio, Cardinal Gracious Road, Chakala, Andheri (East),
Mumbai – 400099, Maharashtra, India |
|
Tel. No.: |
91-22-61323400/ 61323456 |
|
Mobile. No.: |
91-9967744144 (Mr. Bhupesh Mansukhlal Vora) |
|
Fax No.: |
91-22-61323444 |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
2000 Sq. Ft. |
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Warehouse: |
Indian Warehouse, Indian Compound, Building No. 183, Godown-I, Mankoli Naka, Bhiwandi, Maharashtra, India |
|
E-Mail : |
|
|
Location: |
Rented |
|
|
|
|
Branch Office 1: |
27, 1st Floor, Vijay Plaza, Opposite Abad Dairy, Kankaria Road, Ahmedabad-380022, Gujarat, India |
|
Tel. No.: |
91-260-25453240 |
|
Email: |
|
|
Location: |
Owned |
|
|
|
|
Branch Office 2: |
43-A, Kalidasa Street, Ramapuram, Ambattur, Chennai-600053, Tamilnadu, India |
|
Tel. No.: |
91-44-42077837 |
|
Email: |
|
|
Location: |
Rented |
|
|
|
|
Branch Office 3: |
Unit-A, Shutter No. 1, Khalazari No. 3125, Near Trinath Mandir, Khayepur P.O. Bodhjung Nagar, Agartala-East, Agartala -799008, Tripura, India |
|
Tel. No.: |
91-301-2350165 |
|
Email: |
|
|
Location: |
Rented |
|
|
|
|
Branch Office 4: |
Karali Bhavan, Mythri Lane, P.C. Road, Ponnurunni East, Wtllla-682019, Kerala, India |
|
Tel. No.: |
91-484-2805150 |
|
Email: |
|
|
Location: |
Rented |
|
|
|
|
Other Branch
Offices/ Warehouse: |
Located at: · Kochi |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Samir Mansukhlal Vora |
||||||||
|
Designation : |
Whole-time Director |
||||||||
|
Address : |
301-302, Ramnivas, 108-D, Lajpatray Marg, Vile Parle (West), Mumbai 400056, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
25.11.1960 |
||||||||
|
Qualification : |
B.SC |
||||||||
|
Experience: |
35 Years |
||||||||
|
Date of Appointment : |
16.01.1989 |
||||||||
|
PAN No.: |
AAAPV7335H |
||||||||
|
DIN No.: |
00204005 |
||||||||
|
Other Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Bhupesh Mansukhlal Vora |
||||||||
|
Designation : |
Whole-time Director |
||||||||
|
Address : |
701, 7th Floor, Prakash Tower, 66 N. S. Road No.5, JVPD Scheme, Juhu, Mumbai 400056, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
13.08.1962 |
||||||||
|
Qualification : |
B.Com, PGD-BM |
||||||||
|
Experience: |
32 Years |
||||||||
|
Date of Appointment : |
16.01.1989 |
||||||||
|
PAN No.: |
AAAPV7332A |
||||||||
|
DIN No.: |
00204058 |
||||||||
|
Other Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Nisarg Samir Vora |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
301-302, Ramnivas, 108-D, Lajpatray Marg, Vile Parle (West), Mumbai 400056, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
25.07.1988 |
||||||||
|
Qualification : |
Bachelor in Chemical, Chem. Engg. |
||||||||
|
Experience: |
7 Years |
||||||||
|
Date of Appointment : |
21.06.2011 |
||||||||
|
PAN No.: |
AFDPV7443N |
||||||||
|
DIN No.: |
03556673 |
||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Bhupesh M. Vora |
541996 |
49.50 |
|
Samir M. Vora |
490929 |
44.84 |
|
Swati Samir Vora |
56000 |
5.11 |
|
Neeta Bhupesh Vora |
6000 |
0.55 |
|
|
|
|
|
Total |
1094925 |
100.00 |
AS ON 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Subject is engaged in the business as Trader and Dealer of Rubber Chemical and Plastic and Generation of Electricity through Windmill. (Registered Activity and also Confirmed by Management) · Trader, Exporter and Importer of LLDPE, HDFE, Polypropylene, etc. (Confirmed by Management) |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
· ONGC-Opal · Exxonmobll · Indian Synthetic Rubber Private Limited ·
SABIC |
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Products: |
Synthetic Rubber |
||||||
|
Countries : |
· Far East · Sri Lanka · Bangladesh · Singapore |
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Products: |
Natural Rubber |
||||||
|
Countries : |
· Malaysia · Russia · South Africa · Vietnam · Japan · Bangladesh · Singapore · Cambodia · Saudi Arabia · UAE |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Bank Transfer, L/C and Credit (90 Days) |
||||||
|
|
|
||||||
|
Purchasing : |
Bank Transfer, L/C and Credit (90 Days) |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Manufacturer and OEM’s · Innovative Tyres and Tubes Limited · Garware Bestretch Limited · Ceat Limited ·
Oriental Rubber Industries Limited |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
43 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Vinod Kumar Jain and Company Chartered Accountants |
|
Address : |
106, Western Express Highway, Behind Metro Super Stores, Borivali (East), Mumbai - 400066, Maharashtra, India |
|
Tel. No.: |
91-22-28215171 |
|
Email: |
|
|
PAN No.: |
AAEPJ7471N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Company : |
· ABN Impex Private Limited [U51900MH2006PTC159158] Address: 607-608, Inizo, Cardinal
Gracious Road, Chakala, Andheri (East), Mumbai - 400099, Maharashtra, India Line of Business: Trader of natural
rubber and polymers |
|
|
|
|
Subsidiary Company: |
ABN MIDLE EAST FZE |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued/ Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1094925 |
Equity Shares |
INR 10/- each |
INR 10.949
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
10.949 |
10.801 |
10.801 |
|
(b) Reserves and Surplus |
381.697 |
364.772 |
349.536 |
|
(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) |
392.646 |
375.573 |
360.337 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
3.488 |
3.746 |
8.370 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.854 |
0.854 |
0.276 |
|
Total Non-current
Liabilities (3) |
4.342 |
4.600 |
8.646 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
58.750 |
40.156 |
110.606 |
|
(b) Trade
payables |
6.313 |
9.843 |
63.779 |
|
(c) Other
current liabilities |
10.995 |
11.258 |
12.427 |
|
(d) Short-term
provisions |
0.043 |
0.040 |
0.204 |
|
Total Current
Liabilities (4) |
76.101 |
61.297 |
187.016 |
|
|
|
|
|
|
TOTAL |
473.089 |
441.470 |
555.999 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
50.844 |
49.255 |
58.419 |
|
(ii)
Intangible Assets |
0.041 |
0.061 |
0.276 |
|
(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 |
0.002 |
1.877 |
1.877 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
6.023 |
2.160 |
2.069 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
|
|
Total Non-Current
Assets |
56.910 |
53.353 |
62.641 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
154.795 |
74.427 |
117.845 |
|
(c) Trade
receivables |
206.162 |
266.186 |
246.743 |
|
(d) Cash and
bank balances |
6.145 |
10.496 |
66.976 |
|
(e) Short-term
loans and advances |
49.077 |
37.008 |
61.794 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
416.179 |
388.117 |
493.358 |
|
|
|
|
|
|
TOTAL |
473.089 |
441.470 |
555.999 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1294.694 |
1262.701 |
1251.318 |
|
|
|
Other Income |
5.628 |
9.501 |
14.329 |
|
|
|
TOTAL (A) |
1300.322 |
1272.202 |
1265.647 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
1202.66 |
1014.311 |
1015.571 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(80.489) |
43.357 |
4.922 |
|
|
|
Employees benefits expense |
14.89 |
14.165 |
16.975 |
|
|
|
Other expenses |
133.212 |
154.229 |
167.794 |
|
|
|
TOTAL (B) |
1270.273 |
1226.062 |
1205.262 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
30.049 |
46.140 |
60.385 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.192 |
13.957 |
14.596 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
26.857 |
32.183 |
45.789 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.261 |
9.976 |
4.944 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
21.596 |
22.207 |
40.845 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.541 |
7.03 |
11.621 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
12.055 |
15.177 |
29.224 |
|
|
|
|
|
|
|
|
|
|
EXPORTS |
29.683 |
51.306 |
49.310 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
311.783 |
416.816 |
572.046 |
|
|
|
|
|
|
|
|
|
Earnings Per Share
(INR) |
11.01 |
14.05 |
27.06 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(11.532) |
39.961 |
110.011 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(18.250) |
28.307 |
99.922 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
58.12 |
76.94 |
71.97 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.28 |
4.74 |
5.07 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
1.92 |
3.54 |
22.92 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.19 |
0.62 |
0.51 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.59 |
0.94 |
1.03 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.16 |
0.14 |
0.34 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.15 |
0.11 |
0.31 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.19 |
0.16 |
0.52 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.13 |
0.13 |
0.16 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.41 |
3.31 |
4.14 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.93 |
1.20 |
2.34 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.55 |
3.44 |
5.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.07 |
4.04 |
8.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
5.47 |
6.33 |
2.64 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
3.43 |
5.12 |
2.01 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.83 |
0.85 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.37 |
3.72 |
10.24 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
5.47 |
6.33 |
2.64 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
10.801 |
10.801 |
10.949 |
|
Reserves & Surplus |
349.536 |
364.772 |
381.697 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
360.337 |
375.573 |
392.646 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
110.606 |
40.156 |
58.750 |
|
Total
borrowings |
110.606 |
40.156 |
58.750 |
|
Debt/Equity
ratio |
0.307 |
0.107 |
0.150 |
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 |
1251.318 |
1262.701 |
1294.694 |
|
|
|
0.910 |
2.534 |
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 |
1251.318 |
1262.701 |
1294.694 |
|
Profit |
29.224 |
15.177 |
12.055 |
|
|
2.34% |
1.20% |
0.93% |
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 |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B76259670 |
10429009 |
YES BANK LIMITED |
09/04/2013 |
- |
- |
200000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
2 |
B72953060 |
10230385 |
CITIBANK N. A. |
26/05/2010 |
09/04/2013 |
- |
400000000.0 |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60BANDRA KURLA COMPLEX, BANDRA (E)MUMBAIMH400051IN |
|
3 |
C66605031 |
10221421 |
YES BANK LIMITED |
22/03/2010 |
30/06/2015 |
- |
150000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
4 |
A95652632 |
90212984 |
STATE BANK OF INDIA |
19/02/1997 |
10/02/2010 |
05/10/2010 |
162000000.0 |
ADMINISTRATION UNIT AT MID CORPORATE LOANADMINISTRATION UNIT, FOUR BUNGLOW, ANDHERI (WEST),MUMBAIMH400053IN |
|
5 |
A95655643 |
90237189 |
STATE BANK OF INDIA |
19/02/1997 |
25/03/2004 |
09/09/2010 |
7600000.0 |
MANDVI BRANCHA.R.STREETMUMBAIMH400003IN |
|
6 |
A94156122 |
90212054 |
STATE BANK OF INDIA |
22/03/1990 |
- |
09/09/2010 |
480000.0 |
MANDVI BRANCHBOMBAYMHIN |
|
7 |
A94159068 |
90210913 |
STATE BANK OF INDIA |
23/12/1996 |
- |
09/09/2010 |
2783000.0 |
MANDVI BRANCHAR STREETBOMBAYMH400003IN |
|
8 |
A94158532 |
90212963 |
STATE BANK OF INDIA |
23/12/1996 |
- |
09/09/2010 |
2783000.0 |
MANDVI BRANCHAR STREETBOMBAYMH400003IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from directors |
58.438 |
0.000 |
|
|
|
|
|
Total |
58.438 |
0.000 |
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from 213 Udyog
Bhavansonawala Road, Goregaon East, Mumbai - 400063, Maharashtra, India the present
address w.e.f.17.08.2013.
GENERAL INFORMATION
The Company is a Private Limited Company domiciled in India and incorporated under the Provisions of the Companies Act, 1956. The company is engaged in the business as importer and dealer of Rubber, Chemical and Generation of Electricity through windmill. The company caters to the domestic market as well as foreign market
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
In respect of LCS opened against Import of Goods |
11.887 |
36.174 |
FIXED ASSETS:
Tangible Assets
- Land
- Building
- Plant and Machinery
- Office Equipment’s
- Factory Equipment’s
- Computer Equipment’s
- Furniture and Fixtures
- Vehicles
- Railway Sidings
- Mines Quarries
Intangible Assets
- Goodwill
- Knowhow
- Computer Software
- Patents
- Trademarks
- Licenses
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 66.36 |
|
UK Pound |
1 |
INR 92.51 |
|
Euro |
1 |
INR 81.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
ARC |
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.