|
|
|
MIRA INFORM REPORT
|
Report No. : |
506305 |
|
Report Date : |
30.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
INTERNATIONAL TRANSMISSION LIMITED (w.e.f. 30.06.2011) |
|
|
|
|
Formerly Known
As : |
INTERNATIONAL
TRANSMISSION PRIVATE LIMITED (w.e.f. 26.04.2011) INTERNATIONAL
TRANSMISSION PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
501, Vasudeo Chambers, 5th Floor, Opposite D. Mart,
Mulund-Goregaon Link Road, Bhandup (West), Mumbai – 400078, Maharashtra |
|
Tel. No.: |
91-22-25667599 / 88 |
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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 : |
21.12.1984 |
|
|
|
|
Com. Reg. No.: |
11-034869 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 178.828 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1984PLC034869 |
|
|
|
|
IEC No.: |
0388137886 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
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PAN No.: [Permanent Account No.] |
AAACI0975M |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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|
Line of Business
: |
Manufacturing of Electrical Transmission Products (Registered
Activity) |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 2240000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1984. It is a manufacturer of all kinds of Electric Energy Transmission products made of Aluminium, Iron and Steel, Ferro Alloys and Metal Powders.
|
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 30.04.2018
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 DENIED BY
|
Name : |
Not Divulged |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-25667599 |
|
Date : |
27.04.2018 |
Management non-cooperative (Tel No.: 91-2527-240266/ 240277)
Tel No.: 91-22-25667588
- Continuously Ringing
Tel No.: 91-2527-645166
– Not Working
LOCATIONS
|
Registered Office : |
501, Vasudeo Chambers, 5th Floor, Opposite D. Mart,
Mulund-Goregaon Links Road, Bhandup (West), Mumbai – 400078, Maharashtra,
India |
|
Tel. No.: |
91-22-25667599/88 |
|
Fax No.: |
91-22-25666400 |
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E-Mail : |
|
|
Website : |
|
|
|
|
|
Works : |
Village-Pundhe, |
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Tel. No.: |
91-2527-240266/ 240277 |
|
Fax No.: |
91-2527-240288 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sunderji Mulji Shah |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
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Address : |
41/42, |
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Date of Birth/Age : |
06.06.1942 |
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Date of Appointment : |
22.12.1984 |
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DIN No. : |
01750378 |
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Other Directorship :
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||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Dinesh Sunderji Shah |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
41/42, |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.12.1966 |
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Date of Appointment : |
21.12.1984 |
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DIN No. : |
01750790 |
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Other Directorship :
|
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|
||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Paresh Devraj Vira |
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Designation : |
Director |
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Address : |
41/A, 4th Floor, Himmat Apartment, |
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Date of Birth/Age : |
17.01.1971 |
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Date of Appointment : |
01.04.2015 |
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DIN No. : |
06783467 |
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|
||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Viraj Dinesh Shah |
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Designation : |
Director |
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Address : |
2602, |
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Date of Birth/Age : |
23.03.1966 |
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Date of Appointment : |
14.08.2015 |
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DIN No. : |
06906333 |
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|
||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Deepak Devraj Veera |
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Designation : |
Director |
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|
Address : |
Andheri- Borivali Bus Stop, 41-A Himmat Apartment, Dr RP Road, Mulund
(West), Mumbai – 400080, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
24.02.1966 |
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Date of Appointment : |
01.04.2015 |
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DIN No. : |
07399326 |
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|
||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Ms. Meena Deepak Veera |
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Designation : |
Director |
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Address : |
41-A, Himmat Apartment, 4th Floor, Dr. |
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Date of Birth/Age: |
26.11.1967 |
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Date of Appointment : |
25.06.2016 |
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PAN No.: |
AACPV7242H |
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|
DIN No. : |
07550002 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Sunderji M Ulji Shah |
2150020 |
12.02 |
|
Dinesh Sunderji Shah |
5219400 |
29.19 |
|
Jaya Sunderji Shah |
1017160 |
5.69 |
|
Pratibha Devchand Shah |
855000 |
4.78 |
|
Shailee Dinesh Shah |
1349952 |
7.55 |
|
Sunderji Mulji Shah HUF |
1414240 |
7.91 |
|
Dinesh Sunderji Shah HUF |
1355720 |
7.58 |
|
Viraj Dinesh Shah |
4521260 |
25.28 |
|
Total |
17882752 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Electrical Transmission Products (Registered
Activity) |
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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 : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : (As per indirect source) |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
|
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Auditors : |
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|
Name : |
Gajaria Shah and Associates Chartered Accountants |
|
Address : |
305-B – 306, Neptune Uptow Netaji Subhash Road, Opposite Post Office Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFK7135Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
PSA Engineering Private Limited |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17882752 |
Equity Shares |
INR 10/- each |
INR 178.828
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
178.828 |
171.860 |
171.860 |
|
(b) Reserves and Surplus |
606.041 |
314.176 |
265.904 |
|
(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) |
784.869 |
486.036 |
437.764 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
242.160 |
402.996 |
285.926 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.252 |
0.891 |
|
(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) |
242.160 |
403.248 |
286.817 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
25.238 |
39.068 |
4.463 |
|
(b) Trade
payables |
25.817 |
25.549 |
116.695 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
1.102 |
1.571 |
3.720 |
|
Total Current
Liabilities (4) |
52.157 |
66.188 |
124.878 |
|
|
|
|
|
|
TOTAL |
1079.186 |
955.472 |
849.459 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
165.958 |
170.768 |
176.719 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
117.966 |
17.992 |
13.966 |
|
(c) Deferred tax assets (net) |
0.002 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
283.926 |
188.760 |
190.685 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
37.521 |
42.503 |
71.061 |
|
(c) Trade
receivables |
202.992 |
291.846 |
275.840 |
|
(d) Cash and
bank balances |
152.577 |
23.104 |
0.074 |
|
(e)
Short-term loans and advances |
0.972 |
0.945 |
1.186 |
|
(f) Other
current assets |
401.198 |
408.314 |
310.613 |
|
Total
Current Assets |
795.260 |
766.712 |
658.774 |
|
|
|
|
|
|
TOTAL |
1079.186 |
955.472 |
849.459 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
536.059 |
636.887 |
725.108 |
|
|
Other Income |
38.229 |
31.933 |
37.065 |
|
|
TOTAL |
574.288 |
668.820 |
762.173 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
426.287 |
498.122 |
539.190 |
|
|
Employee benefit expense |
28.714 |
17.387 |
17.176 |
|
|
CSR expenditure |
0.000 |
20.000 |
0.000 |
|
|
Other expenses |
74.959 |
67.145 |
121.320 |
|
|
TOTAL |
529.960 |
602.654 |
677.686 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
44.328 |
66.166 |
84.487 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.150 |
0.102 |
2.629 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
44.178 |
66.064 |
81.858 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.756 |
7.070 |
6.611 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
38.422 |
58.994 |
75.247 |
|
|
|
|
|
|
|
Less |
TAX |
12.065 |
10.722 |
15.395 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
26.356 |
48.272 |
59.852 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.47 |
2.81 |
3.48 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
163.118 |
(112.380) |
53.811 |
|
Net cash flows from (used in) operating activities |
117.130 |
(154.545) |
18.422 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
138.22 |
167.26 |
138.85 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.64 |
2.18 |
2.63 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
22.11 |
18.72 |
79.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.18 |
1.56 |
1.19 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.27 |
0.39 |
0.48 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.27 |
0.49 |
0.48 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.34 |
0.91 |
0.66 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.07 |
0.14 |
0.29 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.21 |
0.35 |
0.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
295.52 |
648.69 |
32.14 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
4.92 |
7.58 |
8.25 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.44 |
5.05 |
7.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
3.36 |
9.93 |
13.67 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
15.25 |
11.58 |
5.28 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
14.53 |
10.94 |
4.71 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.73 |
0.51 |
0.52 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.50 |
2.57 |
1.69 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
15.25 |
11.58 |
5.28 |
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 |
171.860 |
171.860 |
178.828 |
|
Reserves & Surplus |
265.904 |
314.176 |
606.041 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
437.764 |
486.036 |
784.869 |
|
|
|
|
|
|
long-term borrowings |
285.926 |
402.996 |
242.160 |
|
Short term borrowings |
4.463 |
39.068 |
25.238 |
|
Total borrowings |
290.389 |
442.064 |
267.398 |
|
Debt/Equity ratio |
0.663 |
0.910 |
0.341 |
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 |
725.108 |
636.887 |
536.059 |
|
|
|
(12.167) |
(15.831) |
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 |
725.108 |
636.887 |
536.059 |
|
Profit/ (Loss) |
59.852 |
48.272 |
26.356 |
|
|
8.25% |
7.58% |
4.92% |
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 |
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
-- |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The registered office of the company
has been shifted from Metalex Industries Compound, Junction of Tata Agra Road,
Bhandup (West), Mumbai – 400078, Maharashtra, India to the present address w.e.f. 25.10.2008.
PERFORMANCE:
During the year of operation, the total Income of the Company reduced substantially to the extent of INR 574.288 million compared to 668.820 million for the previous year and after considering the depreciation of INR 5.757 million and for Taxation and deferred Tax of INR 12.065 million the net profit for the year arrives at INR 26.356 million compared to INR 48.272 million for the previous year. The total turnover with the other income and the profitability of the company reduced substantially compared to the last year, on account of cut throat competition, with the slackness in demand and with the Government policy.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
107.160 |
148.688 |
|
Other loans and advances |
135.000 |
254.308 |
|
Total |
242.160 |
402.996 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C62584073 |
90213589 |
CANARA BANK |
18/08/2000 |
11/08/2015 |
- |
227500000.0 |
MULUND WEST BRANCHMUMBAIMH400080IN |
|
2 |
Y10317386 |
90215487 |
CANARA BANK |
28/02/1996 |
28/02/1996 |
- |
6000000.0 |
MULUND WEST BRANCHMUMBAIMH400080IN |
|
3 |
Y10316346 |
90214447 |
CANARA BANK |
31/05/1991 |
- |
- |
5000000.0 |
MULUND WESTMUMBAIMHIN |
|
4 |
Y10314072 |
90212173 |
CANARA BANK |
31/03/1991 |
28/02/1996 |
- |
5000000.0 |
MULUND WEST BRANCHMUMBAIMH400080IN |
|
5 |
Y10317085 |
90215186 |
CANARA BANK |
28/02/1989 |
- |
- |
1000000.0 |
MULUND WESTMUMBAIMH400080IN |
|
6 |
Y10317083 |
90215184 |
CANARA BANK |
17/01/1989 |
- |
- |
500000.0 |
MULUND WESTMUMBAIMH400080IN |
|
7 |
Y10316246 |
90214347 |
CANARA BANK |
01/08/1988 |
- |
- |
1000000.0 |
H.R.T. ROAD MULUND WESTMUMBAIMHIN |
|
8 |
Y10316243 |
90214344 |
CANARA BANK |
11/07/1988 |
08/06/1994 |
- |
2500000.0 |
H.R.T. ROAD MULUND WESTMUMBAIMHIN |
|
9 |
Y10313700 |
90211801 |
CANARA BANK |
11/07/1988 |
- |
- |
262300.0 |
MULUND WESTMUMBAIMH400080IN |
|
10 |
Y10317059 |
90215160 |
CANARA BANK |
11/07/1988 |
28/02/1996 |
- |
6000000.0 |
MULUND WEST BRANCHMUMBAIMH400080IN |
FIXED ASSETS
- Buildings
- Office building
- Other building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Computer equipments
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 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 66.83 |
|
UK Pound |
1 |
INR 93.17 |
|
Euro |
1 |
INR 81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
JYTK |
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.