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|
MIRA INFORM REPORT
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Report No. : |
506589 |
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Report Date : |
28.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SANJEEV AUTO PARTS MANUFACTURERS PRIVATE LIMITED |
|
|
|
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Registered
Office : |
Plot No. C-7, MIDC Area, Waluj, |
|
Tel. No.: |
91-240-2244001 |
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Country : |
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|
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
11.09.1996 |
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Com. Reg. No.: |
11-102485 |
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Capital Investment
/ Paid-up Capital : |
INR 5.449 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300MH1996PTC102485 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
0303046384 |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAECS0129H1ZK |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AAECS0129H |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
500 (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 |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1996 having a fine track record. It is engaged as manufacturer and exporter of transmission and motion control assemblies and components and exporter of finished goods, importer of raw materials. For the financial year 2017, the company has reported a dip in its revenue as compared to its previous year along with thin profit margin during the year. However, the company possesses healthy financial risk profile marked by comfortable net worth base, debt service coverage indicators and operating cycle. Rating continue to derive strength from its long and established track record of its business operations backed by long-standing experience of the promoters in the auto-components industry. However, these rating strengths gets partially offset by de-growth in the total operating income of the company and flattish profitability margins due to cyclical nature of the automobile industry. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealing 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term rating: A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
04.01.2018 |
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 28.4.2018
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
|
Name : |
Mr. Saran |
|
Designation : |
Account Manager |
|
Contact No.: |
91-240-6640962 |
|
Date : |
27.04.2018 |
LOCATIONS
|
Registered Office : |
Plot No. C-7, MIDC Area, Waluj, |
|
Tel. No.: |
91-240-2244001/ 6650861/ 6650862 |
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Mobile No.: |
91-9552533987 (Mr. Srikanth Atkalikar) |
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Fax No.: |
91-240-2564606/ 6640955 |
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E-Mail : |
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Website : |
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|
Location : |
Owned |
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Locality : |
Industrial |
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|
|
|
Factory: |
Plot No. C–4, C-7, C-85, C-115, and K-96 MIDC Area, Waluj, |
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Tel. No.: |
91-240-2244001/ 2244002/ 2244003 |
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Fax No.: |
91-240-2564606 |
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mrs. Maithilee Sakharam Tambolkar |
|
Designation : |
Managing Director |
|
Address : |
Manas 126 Yoti Nagar, Aurangabad-431005, |
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Date of Birth/Age : |
14.03.1983 |
|
Qualification : |
BE |
|
Date of Appointment : |
01.04.2005 |
|
PAN No.: |
AECPT1193B |
|
DIN No.: |
00694128 |
|
|
|
|
Name : |
Mr. Rajiv Balkrishna Kulkarn |
|
Designation : |
Whole-Time Director |
|
Address : |
Flat No. B-1, Kasliwal Heritage, Shrey Nagar,
Aurangabad-431001, |
|
Date of Birth/Age : |
08.07.1967 |
|
Date of Appointment : |
31.08.2014 |
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DIN No.: |
06930279 |
|
|
|
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Name : |
Mr. Sakharam Digambar Tambolkar |
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Designation : |
Whole-Time Director |
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Address : |
1 Manas 126 Jyoti Nagar, Aurangabad-431005, |
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Date of Birth/Age : |
28.04.1955 |
|
Qualification : |
BE, MBA |
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Date of Appointment : |
11.09.1996 |
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PAN No.: |
AAHPT7043H |
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DIN No.: |
00694324 |
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|
|
|
Name : |
Mr. Atul Shantichandra Sethi |
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Designation : |
Director |
|
Address : |
Plot No.20, S.No. 129/130, Anandpark,, Parishram Bunglow,
Aundh., Pune-411007, |
|
Date of Birth/Age : |
17.02.1952 |
|
Qualification : |
BE |
|
Date of Appointment : |
24.01.2009 |
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PAN No.: |
ABYPS7333K |
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DIN No.: |
02523754 |
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|
|
|
Name : |
Mrs. Saudamini Sakharam Tambolkar |
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Designation : |
Whole-Time Director |
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Address : |
Manas 126 Jyoti Nagar, Aurangabad-431005, |
|
Date of Birth/Age : |
13.08.1961 |
|
Qualification : |
BA |
|
Date of Appointment : |
11.09.1996 |
|
PAN No.: |
AAHPT7057M |
|
DIN No.: |
00694255 |
|
|
|
|
Name : |
Mr. Ranjit Raghunath Jatar |
|
Designation : |
Director |
|
Address : |
Flat No. 502, |
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Date of Appointment : |
29.12.2013 |
|
DIN No.: |
01526405 |
KEY EXECUTIVES
|
Name : |
Mr. Saran |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sakharam Digambar Tambolkar |
|
20517 |
|
Maithilee Sakharam Tambolkar |
|
4500 |
|
Saudamini Sakharam Tambolkar |
|
27825 |
|
Digambar Sakharam Tambolkar |
|
1457 |
|
Umesh Digambar Tambolkar |
|
100 |
|
Malati Digambar Tambolkar |
|
90 |
|
|
|
|
|
Total |
|
54489 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business
: |
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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 : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw material |
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Countries : |
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Terms : |
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Selling : |
Advance Payment and Credit (30,60 Days) |
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Purchasing : |
Advance Payment and Credit (30,60 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
· Mukand Limited
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Customers : |
End Users, OEM’s · Bajaj Auto Limited
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No. of Employees : |
500 (Approximately) |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
|
|
Name : |
SRBC and Company LLP Chartered Accountants |
|
Address : |
C
401, Panchshil Tech Park, Near Don Bosco School, Pune-411006, Maharashtra
India |
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Income-tax PAN
of auditor or auditor's firm : |
ACHFS9117R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries: |
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Entities where key management personnel / relatives of key management personnel have significant influence (EKMP): |
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CAPITAL STRUCTURE
AFTER 29.09.2017
Authorised Capital : INR 50.000 Million
Issued, Subscribed & Paid-up Capital : INR 49.040
Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
54489 |
Equity Shares |
INR 10/- each |
INR 5.449 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 |
5.449 |
5.449 |
5.449 |
|
(b) Reserves and Surplus |
959.997 |
937.234 |
890.213 |
|
(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) |
965.446 |
942.683 |
895.662 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
174.494 |
241.175 |
220.689 |
|
(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 |
17.479 |
10.559 |
6.704 |
|
Total Non-current
Liabilities (3) |
191.973 |
251.734 |
227.393 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
282.791 |
331.327 |
341.590 |
|
(b) Trade
payables |
385.249 |
399.445 |
455.139 |
|
(c) Other
current liabilities |
164.942 |
142.617 |
118.590 |
|
(d) Short-term
provisions |
6.233 |
16.878 |
7.619 |
|
Total Current
Liabilities (4) |
839.215 |
890.267 |
922.938 |
|
|
|
|
|
|
TOTAL |
1996.634 |
2084.684 |
2045.993 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
671.708 |
702.824 |
745.023 |
|
(ii)
Intangible Assets |
5.197 |
7.599 |
11.938 |
|
(iii) Tangible assets
capital work-in-progress |
14.109 |
61.637 |
19.666 |
|
(iv)
Intangible assets under development |
0.400 |
0.000 |
0.000 |
|
(b) Non-current Investments |
190.044 |
167.269 |
167.269 |
|
(c) Deferred tax assets (net) |
28.467 |
22.969 |
16.078 |
|
(d)
Long-term loans and advances |
96.459 |
78.640 |
100.108 |
|
(e) Other
Non-current assets |
4.300 |
1.087 |
0.802 |
|
Total Non-Current
Assets |
1010.684 |
1042.025 |
1060.884 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
15.703 |
12.947 |
1.351 |
|
(b)
Inventories |
367.021 |
386.634 |
393.348 |
|
(c) Trade
receivables |
480.344 |
524.055 |
437.651 |
|
(d) Cash and
bank balances |
4.939 |
8.845 |
66.273 |
|
(e)
Short-term loans and advances |
115.377 |
108.821 |
84.770 |
|
(f) Other
current assets |
2.566 |
1.357 |
1.716 |
|
Total
Current Assets |
985.950 |
1042.659 |
985.109 |
|
|
|
|
|
|
TOTAL |
1996.634 |
2084.684 |
2045.993 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2545.376 |
2839.618 |
2710.002 |
|
|
Other Income |
22.820 |
14.301 |
32.839 |
|
|
TOTAL |
2568.196 |
2853.919 |
2742.841 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1412.951 |
1664.304 |
1662.801 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
7.352 |
(6.257) |
(5.307) |
|
|
Employee benefit expense |
243.762 |
218.442 |
191.639 |
|
|
Other expenses |
630.092 |
648.435 |
579.866 |
|
|
TOTAL |
2294.157 |
2524.924 |
2428.999 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
274.039 |
328.995 |
313.842 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
55.294 |
60.891 |
57.710 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
218.745 |
268.104 |
256.132 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
196.551 |
194.692 |
166.579 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
22.194 |
73.412 |
89.553 |
|
|
|
|
|
|
|
Less |
TAX |
9.306 |
42.791 |
32.103 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
12.888 |
30.621 |
57.450 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
236.53 |
561.98 |
1054.34 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
2860.000 |
Expected Sales (2018-2019): INR 2950.000 Million (Due to business
growth)
The above information has been parted by Mr. Saran (Account Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
95.906 |
75.132 |
51.085 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
328.679 |
203.552 |
271.937 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
297.871 |
171.444 |
231.147 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
68.88 |
67.36 |
58.95 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.30 |
5.42 |
6.19 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
99.52 |
87.60 |
99.91 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.75 |
0.85 |
0.80 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.40 |
0.43 |
0.40 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.56 |
0.58 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.57 |
0.69 |
0.68 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.87 |
0.94 |
1.03 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.72 |
0.82 |
0.87 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.96 |
5.40 |
5.44 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.51 |
1.08 |
2.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.65 |
1.47 |
2.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.33 |
3.25 |
6.41 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.17 |
1.17 |
1.07 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.74 |
0.74 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.48 |
0.45 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
101.52 |
118.85 |
112.56 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.17 |
1.17 |
1.07 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
5.449 |
5.449 |
5.449 |
|
Reserves & Surplus |
890.213 |
937.234 |
959.997 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
895.662 |
942.683 |
965.446 |
|
|
|
|
|
|
Long-term borrowings |
220.689 |
241.175 |
174.494 |
|
Short term borrowings |
341.590 |
331.327 |
282.791 |
|
Current maturities of
long-term debts |
51.085 |
75.132 |
95.906 |
|
Total
borrowings |
613.364 |
647.634 |
553.191 |
|
Debt/Equity
ratio |
0.685 |
0.687 |
0.573 |
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 |
2710.002 |
2839.618 |
2545.376 |
|
|
|
4.783 |
(10.362) |
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 |
2710.002 |
2839.618 |
2545.376 |
|
Profit/ (Loss) |
57.450 |
30.621 |
12.888 |
|
|
2.12
% |
1.08
% |
0.51
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 ADDRES
The Registered Office of the company has been shifted Plot No K-96, MIDC
Area, Waluj, Aurangabad- 431136, Maharashtra, India from to the present
address w. e. f 03.06.2006
CORPORATE INFORMATION
Subject is a company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the manufacturing of motion control sub assemblies and automobile components like gears, shafts, shifting forks and machined components. The company also generates power through windmill.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from directors |
46.500 |
46.500 |
|
Working capital loans from banks |
33.333 |
5.000 |
|
Loans and advances from others |
0.150 |
0.150 |
|
Total |
79.983 |
51.65 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G47040944 |
100105831 |
THE
SARASWAT CO-OP BANK LIMITED |
18/05/2017 |
- |
200702000.0 |
WALUJ
BRANCH,WALUJ,AURANGABADMH431136IN |
|
2 |
G47042007 |
100105834 |
THE
SARASWAT CO-OP BANK LIMITED |
18/05/2017 |
- |
40000000.0 |
WALUJ
BRANCH,WALUJ,AURANGABADMH431136IN |
|
3 |
G49905441 |
100023104 |
CITI
BANK N.A. |
29/09/2015 |
14/10/2016 |
120000000.0 |
FIRST
INTERNATIONAL FINANCIAL CENTRE, 9TH FLOOR,PLOT NO. C-54 & 55, G-BLOCK,
BKC, BANDRA (E)MUMBAIMH400051IN |
|
4 |
C55383350 |
10572810 |
SARASWAT
CO-OPERATIVE BANK LIMITED |
13/04/2015 |
- |
27600000.0 |
WALUJ
BRANCHAURANGABADMH431133IN |
|
5 |
C81351074 |
10564792 |
THE
SARASWAT CO-OP BANK LIMITED |
25/02/2015 |
28/01/2016 |
140000000.0 |
WALUJ
BRANCHAURANGABADMH431133IN |
|
6 |
C16557894 |
10515152 |
THE SARASWAT
CO-OP BANK LIMITED |
12/08/2014 |
- |
180000000.0 |
KHADKESHWAR
BRANCH, MADHULENI BUILDINGKHADKESHWARAURANGABADMH431001IN |
|
7 |
G04100871 |
10508539 |
EXPORT-IMPORT
BANK OF |
14/07/2014 |
29/01/2016 |
150000000.0 |
FLOOR 21,
CENTER ONE BUILDINGWORLD TRADE CENTRE COMPLEX, CUFFE PARADEMUMBAIMH400005IN |
|
8 |
B88247119 |
10456922 |
THE
SARASWAT CO-OP BANK LIMITED |
03/10/2013 |
- |
120000000.0 |
KHADKESHWAR
BRANCH, MADHULENI BUILDINGKHADKESHWARAURANGABADMH431001IN |
|
9 |
B68564764 |
10406101 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
11/01/2013 |
- |
100000000.0 |
WALUJ
BRANCHAURANGABADMH431133IN |
|
10 |
B56531197 |
10372950 |
THE
SARASWAT CO-OPERATIVE BANK LIMITED |
05/07/2012 |
- |
3000000.0 |
WALUJ BRANCH,PANDHARPURAURANGABADMH431003IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Computer software
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 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
RBY |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
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.