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|
MIRA INFORM REPORT
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Report No. : |
505763 |
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Report Date : |
27.04.2018 |
IDENTIFICATION DETAILS
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Name : |
INDOGULF CROPSCIENCES LIMITED (w.e.f. 28.04.2015) |
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Formerly Known
As : |
JAI SHREE RASAYAN UDYOG LIMITED |
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Registered
Office : |
501, Gopal Heights, Plot No - D-9, Netaji Subhash Place, Pitampura, New Delhi-110034 |
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Tel. No.: |
91-11-45750100/1/2 (99 Lines) |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
22.01.1993 |
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Com. Reg. No.: |
55-051854 |
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Capital
Investment / Paid-up Capital : |
INR 16.842 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1993PLC051854 |
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IEC No.: [Import-Export Code No.] |
0593000323 |
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GSTIN : [Goods & Service Tax Registration No.] |
07AAACJ0715C1Z9 |
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TIN No : |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACJ0715C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the Manufacturing and Trading Activities of Agro Chemicals viz. Micro Nutrients, Pesticides, Fertilizers etc. for agriculture purposes. (Registered Activity) |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 2355000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 1993. It is a manufacturer, importer and exporter of Insecticides, Pesticides and Fertilizers. For the financial year 2017, The company has achieved 14.85% growth in its revenue as compared to previous year revenue along with average profit margin of 2.42%. The sound financial position of the company is marked by its adequate networth base along with debt coverage indicators due to low debt balance sheet profile. The company has decent earing per share (EPS) of INR 41.33 against the face value (FV) of INR 10. The rating takes into consideration the subject’s long established track record of business operation along with extensive experience of its promoters. Business is active. Payments seems to be regular. In view of aforesaid, the company can be considered for good 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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 27.04.2018
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.
LOCATIONS
|
Registered Office/ Head Office : |
501, Gopal Heights, Plot No - D-9, Netaji Subhash Place, Pitampura, New Delhi- 110034, India |
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Tel. No.: |
91-11-40040400/ 45750100/1/2 (99 Lines) |
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Fax No.: |
91-11-40040444 |
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E-Mail : |
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Website : |
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Factory 1 : |
Industrial Growth Centre, SIDCO Samba Phase 32, Jammu and Kashmir, India |
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Factory 2/ Warehouse : |
V.P.O. Nathupur, District Sonipat – 131029, Haryana, India |
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Branch Offices/ C and F : |
Located At :
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DIRECTORS
As on 31.03.2018
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Name : |
Mr. Om Prakash Aggarwal |
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Designation : |
Managing Director |
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Address : |
B-2 / 62, Ashok Vihar, Delhi-110052, India |
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Date of Birth/Age : |
26.02.1950 |
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Date of Appointment : |
22.01.1993 |
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PAN No.: |
ABKPA7249J |
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DIN No.: |
00732440 |
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Other Directorship:
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Name : |
Mr. Sanjay Aggarwal |
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Designation : |
Whole-Time Director |
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Address : |
B-2 / 62, Ashok Vihar, Phase – II, Delhi-110052, India |
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Date of Birth/Age : |
11.02.1974 |
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Date of Appointment : |
22.01.1993 |
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PAN No.: |
AAEPA7338P |
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DIN No.: |
00763635 |
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Other Directorship:
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Name : |
Mrs. Abhilasha Aggarwal |
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Designation : |
Director |
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Address : |
B-2 / 62, Ashok Vihar, Phase – II, Delhi-110052, India |
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Date of Birth/Age : |
26.05.1953 |
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Date of Appointment : |
22.01.1993 |
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PAN No.: |
AAEPA7336D |
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DIN No.: |
00765874 |
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Name : |
Ms. Anshu Aggarwal |
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Designation : |
Director |
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Address : |
B-2 / 62, Ashok Vihar, Phase - II, Delhi-110052, India |
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Date of Birth/Age : |
17.02.1974 |
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Date of Appointment : |
01.01.2002 |
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PAN No.: |
ACMPA2650C |
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DIN No.: |
00732690 |
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Other Directorship:
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Name : |
Mr. Bhupender Kaushik |
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Designation : |
Director |
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Address : |
A-34 Janyug Appartment, Rohini, Sector-14 Extn., Delhi-110085, India |
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Date of Birth/Age : |
25.11.1964 |
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Date of Appointment : |
05.08.2011 |
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PAN No.: |
AIZPK2922J |
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DIN No.: |
03612144 |
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Name : |
Mr. Shiv Talwar Ram |
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Designation : |
Director |
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Address : |
C6/114B, Keshav Puram, Pocket C-6, Tri Nagar, Delhi-110035, India |
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Date of Appointment : |
17.08.2015 |
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DIN No.: |
07181361 |
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Name : |
Mr. Pawan Gupta Kumar |
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Designation : |
Director |
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Address : |
H-158, Ashok Vihar, Ph-1, Block-H, Wazirpur-110052, Delhi, India |
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Date of Appointment : |
17.08.2015 |
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DIN No.: |
07181348 |
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Name : |
Mr. Pushap Kumar |
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Designation : |
Director |
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Address : |
337, Vill Kandor, Kangra-176022, Himachal Pradesh, India |
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Date of Appointment : |
29.06.2017 |
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DIN No.: |
07864033 |
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KEY EXECUTIVES
|
Name : |
Manoj Gupta and Associates |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Equity Shareholders |
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No. of Shares |
|
Om Prakash Aggarwal |
|
222950 |
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Abhilasha Aggarwal |
|
199050 |
|
Sanjay Aggarwal |
|
147500 |
|
Barathi Trade Links Private Limited, India |
|
240000 |
|
Indogulf Organics Private Limited, India |
|
340000 |
|
Om Prakash Aggarwal (HUF) |
|
184950 |
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Rachita Aggarwal |
|
44400 |
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Anshu Aggarwal |
|
86100 |
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Sunita Bansal |
|
100 |
|
Green Agriasia Private Limited, India |
|
75000 |
|
Amrita Gupta |
|
50 |
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Sanjay Aggarwal (HUF) |
|
19050 |
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Tarun Kumar Bansal (HUF) |
|
50 |
|
Vinita Gupta |
|
50 |
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Total |
|
1559250 |
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Names of Preference Shareholders |
|
No. of Shares |
|
Om Prakash Aggarwal |
|
76250 |
|
Sanjay Aggarwal |
|
48750 |
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Total |
|
125000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
57.99 |
|
Promoters (Body corporate) |
42.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the Manufacturing and Trading Activities of Agro Chemicals viz. Micro Nutrients, Pesticides, Fertilizers etc. for agriculture purposes. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Mohit Parekh and Company Chartered Accountants |
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Address : |
572, Second Floor, Gandhi Cloth Market, Chandni Chowk, Delhi-110006, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAHPP2532M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate Companies
: |
CIN No.: U74899DL1994PTC060022
CIN No.: U25190DL2012PTC246646 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1600000 |
Equity Shares |
INR 10/- each |
INR 16.000 Million |
|
150000 |
Preference Shares |
INR 10/- each |
INR 1.500 Million |
|
|
Total
|
|
INR 17.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1559250 |
Equity Shares |
INR 10/- each |
INR 15.592
Million |
|
125000 |
Preference Shares |
INR 10/- each |
INR 1.250
Million |
|
|
Total
|
|
INR 16.842 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 |
16.842 |
16.842 |
16.842 |
|
(b) Reserves and Surplus |
807.427 |
742.980 |
660.203 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
824.269 |
759.822 |
677.045 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
133.381 |
94.247 |
100.890 |
|
(b) Deferred tax liabilities (Net) |
2.968 |
4.739 |
6.809 |
|
(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) |
136.349 |
98.986 |
107.699 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
421.317 |
326.299 |
433.681 |
|
(b) Trade
payables |
722.232 |
396.659 |
380.859 |
|
(c) Other
current liabilities |
277.570 |
212.673 |
195.802 |
|
(d) Short-term
provisions |
112.167 |
66.935 |
41.032 |
|
Total Current
Liabilities (4) |
1533.286 |
1002.566 |
1051.374 |
|
|
|
|
|
|
TOTAL |
2493.904 |
1861.374 |
1836.118 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
200.011 |
208.092 |
210.939 |
|
(ii)
Intangible Assets |
4.104 |
3.663 |
3.131 |
|
(iii) Tangible assets
capital work-in-progress |
6.516 |
0.039 |
0.162 |
|
(iv)
Intangible assets under development |
11.554 |
10.683 |
7.601 |
|
(b) Non-current Investments |
28.180 |
28.180 |
28.180 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
178.312 |
135.649 |
139.025 |
|
(e) Other
Non-current assets |
13.789 |
3.707 |
7.661 |
|
Total Non-Current
Assets |
442.466 |
390.013 |
396.699 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1086.573 |
774.692 |
840.689 |
|
(c) Trade
receivables |
785.289 |
651.778 |
528.173 |
|
(d) Cash and
bank balances |
14.930 |
2.472 |
2.475 |
|
(e)
Short-term loans and advances |
57.946 |
36.177 |
63.173 |
|
(f) Other
current assets |
106.700 |
6.242 |
4.909 |
|
Total
Current Assets |
2051.438 |
1471.361 |
1439.419 |
|
|
|
|
|
|
TOTAL |
2493.904 |
1861.374 |
1836.118 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2659.788 |
2315.703 |
2330.324 |
|
|
Other Income |
110.716 |
16.918 |
13.845 |
|
|
TOTAL |
2770.504 |
2332.621 |
2344.169 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1413.293 |
1163.619 |
1253.572 |
|
|
Purchases of
Stock-in-Trade |
89.817 |
91.043 |
164.332 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(111.824) |
29.391 |
(100.955) |
|
|
Employee benefit expense |
180.039 |
143.980 |
130.285 |
|
|
CSR expenditure |
4.500 |
0.105 |
0.000 |
|
|
Other expenses |
993.755 |
707.487 |
699.113 |
|
|
Exceptional items before tax |
3.789 |
(1.174) |
(0.350) |
|
|
TOTAL |
2573.369 |
2134.451 |
2145.997 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
197.135 |
198.170 |
198.172 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
36.755 |
42.283 |
38.720 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
160.380 |
155.887 |
159.452 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
46.610 |
41.116 |
45.688 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
113.770 |
114.771 |
113.764 |
|
|
|
|
|
|
|
Less |
TAX |
49.322 |
31.994 |
18.219 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
64.448 |
82.777 |
95.545 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
38.265 |
49.148 |
95545000.000 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
14.130 |
10.205 |
9.003 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(8.147) |
193.283 |
(177.259) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(45.415) |
193.323 |
(189.623) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
107.76 |
102.73 |
82.73 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.39 |
3.55 |
4.41 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
175.38 |
115.39 |
98.04 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.18 |
0.26 |
0.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.89 |
0.89 |
0.89 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.67 |
0.59 |
0.63 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.69 |
0.57 |
0.80 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.86 |
1.32 |
1.55 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.27 |
0.29 |
0.33 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.36 |
4.69 |
5.12 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.42 |
3.57 |
4.10 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.58 |
4.45 |
5.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.82 |
10.89 |
14.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.34 |
1.47 |
1.37 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.63 |
0.69 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.33 |
0.41 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
33.77 |
25.58 |
32.27 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.34 |
1.47 |
1.37 |
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 |
16.842 |
16.842 |
16.842 |
|
Reserves & Surplus |
660.203 |
742.980 |
807.427 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
677.045 |
759.822 |
824.269 |
|
|
|
|
|
|
long-term borrowings |
100.890 |
94.247 |
133.381 |
|
Short term borrowings |
433.681 |
326.299 |
421.317 |
|
Current maturities of
long-term debts |
9.003 |
10.205 |
14.130 |
|
Total
borrowings |
543.574 |
430.751 |
568.828 |
|
Debt/Equity
ratio |
0.803 |
0.567 |
0.690 |
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 |
2330.324 |
2315.703 |
2659.788 |
|
|
|
(0.627) |
14.859 |
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 |
2330.324 |
2315.703 |
2659.788 |
|
Profit |
95.545 |
82.777 |
64.448 |
|
|
4.10
% |
3.57
% |
2.42
% |
LEGAL
CASE
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 |
No |
|
8] |
Designation of contact person |
No |
|
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) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
No |
|
32] |
Litigations that the firm/promoter
involved in |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
The company (Formerly Jai Shree Rasayan Udyog Limited)
The Company is a public limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are not listed on any stock exchange in India or abroad. The Company is engaged in the manufacturing and trading activities of Agro Chemicals viz. Micro Nutrients, Pesticides, Fertilizers etc. for agriculture purposes. The Company caters to both domestic and international markets.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans repayable on demand |
0.000 |
28.802 |
|
Loans repayable on demand from others |
41.595 |
0.000 |
|
Total |
41.595 |
28.802 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G50312974 |
100115621 |
HDFC BANK LIMITED |
21/07/2017 |
- |
750000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai -400013, Maharashtra, India |
|
2 |
G48607683 |
100110323 |
HDFC BANK LIMITED |
22/05/2017 |
- |
1800000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai -400013, Maharashtra, India |
|
3 |
G46039053 |
100103144 |
HDFC BANK LIMITED |
17/05/2017 |
- |
1080000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai -400013, Maharashtra, India |
|
4 |
G46039921 |
100103147 |
HDFC BANK LIMITED |
17/05/2017 |
- |
1080000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai -400013, Maharashtra, India |
|
5 |
G46040259 |
100103150 |
HDFC BANK LIMITED |
17/05/2017 |
- |
1350000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai -400013, Maharashtra, India |
|
6 |
G42967653 |
100095091 |
HDFC BANK LIMITED |
17/04/2017 |
- |
660000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai -400013, Maharashtra, India |
|
7 |
G42966929 |
100095088 |
HDFC BANK LIMITED |
12/04/2017 |
- |
500000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai -400013, Maharashtra, India |
|
8 |
G41449323 |
100091022 |
HDFC BANK LIMITED |
23/03/2017 |
- |
1000000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai -400013, Maharashtra, India |
|
9 |
G75789354 |
100083328 |
YES BANK LIMITED |
23/01/2017 |
21/08/2017 |
150000000.0 |
Nehru Centre, 9th Floor, Discovery of IndiaDr. A.B. Road, WorliMumbaiMH400018IN |
|
10 |
G29611910 |
100065552 |
HDFC BANK LIMITED |
05/12/2016 |
- |
430000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai -400013, Maharashtra, India |
FIXED ASSETS
- Land
- Building
- Plant and equipment
- Plant and Machinery
- Furniture and Fixture
- Computer
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 66.70 |
|
|
1 |
INR 93.14 |
|
Euro |
1 |
INR 81.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TRUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.