|
|
|
MIRA INFORM REPORT
|
Report No. : |
505541 |
|
Report Date : |
26.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
JAGMOHAN PLA-MACH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
901/B-1, 9th Floor, Filix, Commercial Complex, Opposite Asian
Paints Limited, |
|
Tel. No.: |
91-22-25955678/ 25950246 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
20.04.1995 |
|
|
|
|
Com. Reg. No.: |
11-087502 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 3.333 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29295MH1995PTC087502 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0300022107 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCJ5147R1ZZ |
|
|
|
|
TIN No: |
27740266000 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ5147R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Supplier and Exporter of Plastic Bow Moldings Machinery.
(Registered Activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
120 (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 : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1995 and it
is having fine track. For the financial year 2017, the company has marginal decreased in its
revenue from operation as compared to previous year but maintained decent
profit margin of 5.13%. General financial position of the company seems to be sound and
healthy along with debt free balance sheet. Further, rating also derives strength from its established track
records of business operations. However, this rating strength is partially offset by sharply declined
into profitability profile during the year and intense competition from
industry. Trade relations are reported as fair. Business is active. Payments are
seems 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) |
|
|
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 26.04.2018
IBBI (Insolvency and Bankruptcy Board of
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. Satyavan |
|
Designation : |
Admin Department |
|
Contact No.: |
91-22-25955678 |
|
Date : |
23.04.2018 |
LOCATIONS
|
Registered/ Corporate Office : |
901/B-1, 9th Floor, Filix Commercial Complex, Opposite
Asian Paints Limited, L.B.S. Road, Bhandup (West), Mumbai – 400078,
Maharashtra, India |
|
Tel. No.: |
91-22-25955678/ 25950246 |
|
Mobile No.: |
91-9323050017 (Mr. Nikunj) 91-9773005686 (Mr. Jayesh) |
|
Fax No.: |
91-22-25965434 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Survey No.48, 54 and 56, |
|
Tel No : |
91-2527-273314/ 645043/ 272570 |
|
Fax No : |
91-2527-270081 |
|
Email : |
|
|
Area : |
2 Acres (Approximately) |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Branch Offices: |
Located At :
|
|
|
|
|
Overseas Office
: |
Located At :
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Jagdish H Shah |
|
Designation : |
Managing Director |
|
Address : |
1683/16-A, Kinjalk Apartment, |
|
Date of Birth/Age : |
14.01.1945 |
|
Date of Appointment : |
20.04.1995 |
|
Qualification : |
B.E. (Electrical Engineering) |
|
DIN No.: |
00497980 |
|
|
|
|
Name : |
Mr. Nikunj J. Shah |
|
Designation : |
Whole-time Director |
|
Address : |
1683/16-A, Kinjalk Apartment, |
|
Date of Birth/Age : |
25.10.1978 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.09.2000 |
|
DIN No.: |
01650630 |
KEY EXECUTIVES
|
Name : |
Dipti Nagori and Associates |
|
Designation : |
Practicing Company Secretaries |
|
Address : |
Flat No. 1001, H-2, Cypress, Highland Gardens, Dhokali, Thane (West) Pin – 400 608, Maharashtra, India |
|
Mob. No: |
91- 97692 73759 |
|
|
|
|
Name : |
Mr. Satyavan |
|
Designation : |
Admin Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
% age holding |
|
Jagdish H. Shah |
90500 |
27.15 |
|
Nikunj J. Shah |
53000 |
15.90 |
|
Monal N. Shah |
150700 |
45.21 |
|
Jagdish H. Shah (HUF) |
39100 |
11.73 |
|
Total |
333300 |
100.00 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturer, Supplier and Exporter of Plastic Bow Moldings Machinery.
(Registered Activity and also Confirmed by management) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
|
||||
|
Products : |
Finished Goods |
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|
Countries : |
· Nigeria Kenya Italy Tanzania |
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Imports : |
Not Available |
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Terms : |
|
||||
|
Selling : |
L/C and Credit (60/ 90 Days) |
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|
||||
|
Purchasing : |
L/C and Credit (60/ 90 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
Shree Alloys Industries Private Limited |
||||||||||||||||||||||
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|
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|
Customers : |
Retailers, End Users and Manufacturer · Time Technologies
|
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|
No. of Employees : |
120 (Approximately) |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Bankers : |
· Abhyudaya Co-operative Bank Limited Administrative Office, K.K. Tower, Abhyudaya Bank, Lane, Off G.D. Ambekar Marg, Parel Village, Mumbai - 400012, Maharashtra, India · Bank of Maharashtra, Ranade Road, Dadar Branch, Samraddhi Heights, D.L. Vaidya Road, Dadar Mumbai-400028, Mumbai-400028, Maharashtra, India ·
IDBI Bank Limited Shop No. G2, Ground
Floor, Bhandup West, Mumbai, Maharashtra, India |
|
Auditors : |
|
|
Name : |
Gouri Chitlangia and Associates Chartered Accountants |
|
Address : |
305, Hanumaan Building, Opposite G.T. Hospital, 2-Picket Road, Mumbai
- 400002, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACXPC2041C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Partnership Firm: |
J. M. International |
CAPITAL STRUCTURE
AS ON: 31.03.2017
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 |
|
|
|
|
|
|
333300 |
Equity Shares |
INR 10/- each |
INR 3.333 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 |
3.333 |
3.333 |
3.333 |
|
(b) Reserves & Surplus |
246.040 |
205.988 |
137.777 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
249.373 |
209.321 |
141.110 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
1.127 |
|
(b) Deferred tax liabilities (Net) |
2.758 |
1.515 |
0.374 |
|
(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) |
2.758 |
1.515 |
1.501 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
1.268 |
|
(b) Trade
payables |
179.940 |
176.061 |
185.042 |
|
(c) Other
current liabilities |
9.142 |
8.441 |
5.630 |
|
(d) Short-term
provisions |
0.881 |
4.897 |
0.814 |
|
Total Current
Liabilities (4) |
189.963 |
189.399 |
192.754 |
|
|
|
|
|
|
TOTAL |
442.094 |
400.235 |
335.365 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
110.862 |
108.584 |
110.225 |
|
(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 |
15.149 |
17.520 |
13.102 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(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 |
126.011 |
126.104 |
123.327 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
165.450 |
114.558 |
51.996 |
|
(c) Trade
receivables |
12.262 |
(7.949) |
(14.248) |
|
(d) Cash
and cash equivalents |
80.883 |
81.220 |
69.834 |
|
(e)
Short-term loans and advances |
57.488 |
86.302 |
104.456 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
316.083 |
274.131 |
212.038 |
|
|
|
|
|
|
TOTAL |
442.094 |
400.235 |
335.365 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
780.175 |
798.345 |
832.837 |
|
|
Other Income |
19.202 |
20.374 |
15.638 |
|
|
TOTAL |
799.377 |
818.719 |
848.475 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
642.540 |
668.079 |
676.649 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(50.892) |
(62.562) |
(15.121) |
|
|
Employees benefits
expense |
50.343 |
37.596 |
29.644 |
|
|
Manufacturing Cost |
14.451 |
11.528 |
11.422 |
|
|
Administrative Expenses |
24.276 |
26.781 |
20.838 |
|
|
Selling Expenses |
38.525 |
19.942 |
18.264 |
|
|
TOTAL |
719.243 |
701.364 |
741.696 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
80.134 |
117.355 |
106.779 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.806 |
1.695 |
1.425 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
77.328 |
115.660 |
105.354 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
6.172 |
6.311 |
6.309 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
71.156 |
109.349 |
99.045 |
|
|
|
|
|
|
|
Less |
TAX |
31.104 |
41.139 |
32.712 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
40.052 |
68.210 |
66.333 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
169.704 |
254.892 |
359.852 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
120.17 |
204.65 |
199.02 |
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 |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
5.74 |
-3.63 |
-6.24 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
63.63 |
-100.43 |
-58.45 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
102.22 |
96.19 |
99.82 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.48 |
1.02 |
2.05 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.72 |
1.08 |
0.97 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.43 |
0.47 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.76 |
0.90 |
1.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.44 |
0.52 |
0.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
28.56 |
69.24 |
74.93 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.13 |
8.54 |
7.96 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.06 |
17.04 |
19.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
16.06 |
32.59 |
47.01 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.66 |
1.45 |
1.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.79 |
0.84 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.56 |
0.52 |
0.42 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.72 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.66 |
1.45 |
1.10 |
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 |
3.333 |
3.333 |
3.333 |
|
Reserves & Surplus |
137.777 |
205.988 |
246.040 |
|
Net
worth |
141.110 |
209.321 |
249.373 |
|
|
|
|
|
|
long-term borrowings |
1.127 |
0.000 |
0.000 |
|
Short term borrowings |
1.268 |
0.000 |
0.000 |
|
Total
borrowings |
2.395 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.017 |
0.000 |
0.000 |
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 |
832.837 |
798.345 |
780.175 |
|
|
|
(4.142) |
(2.276) |
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 |
832.837 |
798.345 |
780.175 |
|
Profit |
66.333 |
68.210 |
40.052 |
|
|
7.96% |
8.54% |
5.13% |
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 |
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) |
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% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from 13 Sharad
Industrial Estate1st Floor Lake Road, Banndup (West), Mumbai - 400078
Maharashtra, India to the present address w.e.f. 01.07.2013.
OPERATIONS AND
BUSINESS PERFORMANCE
The company has reported total income of INR 799.377 million for the
current year as compared to INR 818.719 million in the previous year. The net
profit/(Loss) for the year amounted to INR 40.052 million in the current year
as compared to INR 68.210 million in the previous year. The industry will see
an uptrend in the next years and the company is trying to seize in this
opportunity. The directors look at all the events in a positive manner and are
optimistic about the overall growth of the company in the years to come.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G37126406 |
100080217 |
IDBI Bank Limited |
01/02/2017 |
- |
- |
10000000.0 |
SHOP NO. G2, GROUND FLOOR,BHANDUP WEST, MUMBAIMUMBAIMH400078IN |
|
2 |
G02299469 |
100022758 |
Bank of Maharashtra |
21/03/2016 |
- |
- |
40000000.0 |
Ranade Road, Dadar Branch, Samraddhi Heights,D.L.Vaidya Road, Dadar Mumbai-400028MumbaiMH400028IN |
|
3 |
G05786397 |
10169590 |
Abhyudaya Co-operative Bank Limited |
09/07/2009 |
04/05/2016 |
- |
37500000.0 |
K.K. Tower, Abhyudaya Bank Lane,Off G.D Ambekar Marg, Parel Village,MumbaiMH400012IN |
|
4 |
C79710398 |
90159657 |
Abhyudaya Co-operative Bank Limited |
21/10/1997 |
26/05/2015 |
- |
25000000.0 |
Chetna ApartmentsS Pratap Singh Rd, Panchsheel Nagar,Bhandup WestMH400078IN |
|
5 |
G05785902 |
10151687 |
ABHYUDAYA CO-OP. BANK LTD. |
17/03/2009 |
- |
07/06/2016 |
22600000.0 |
Administrative Office, K.K.Tower, Abhyudaya BankLane, Off G.D.Ambekar Marg, Parel VillageMUMBAIMH400012IN |
|
6 |
G06642656 |
90159863 |
ABHYUDAYA CO-OP BANK LTD |
21/10/1999 |
21/07/2000 |
07/06/2016 |
1000000.0 |
ADMINISTRATIVE OFFICEPAREL VILLAGEMUMBAIMH400012IN |
|
7 |
G05785548 |
10142700 |
ABHYUDAYA CO-OPERATIVE BANK LIMITED |
02/02/2009 |
- |
07/06/2016 |
10000000.0 |
Administrative Office, K.K.Tower, Abhyudaya BankLane, Off. G. D. Ambekar Marg, Parel Village,MumbaiMH400012IN |
|
8 |
C81985756 |
90160294 |
ABHYUDAYA CO-OP BANK LTD |
21/04/2004 |
- |
09/03/2016 |
704747.0 |
ADMINISTRATIVE OFFICEPAREL VILLAGEMUMBAIMH400012IN |
|
9 |
C81990616 |
90155080 |
ABHYUDAYA CO-OP BANK LTD |
07/11/1997 |
- |
09/03/2016 |
2500000.0 |
ADMINISTRATIVE OFFICEPAREL VILLAGEMUMBAIMH400012IN |
|
10 |
C81991259 |
10199087 |
ABHYUDAYA CO-OP. BANK LTD. |
14/01/2010 |
- |
09/03/2016 |
7500000.0 |
Administrative Office, K.K.Tower, Abhyudaya BankLane, Off G.D. Ambekar Marg, Parel Village,MumbaiMH400012IN |
FIXED ASSETS
- Building
- Air
Conditioners
- Motor Car
- Computer
- Land
- Electric and
Fitting
- Furniture and
Fixture
- Plant and
Machinery
- Water
Purifier
- Xerox Machine
- Weighing
Scale
- 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 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 66.70 |
|
|
1 |
INR 93.14 |
|
Euro |
1 |
INR 81.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
MTN |
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.