|
|
|
MIRA INFORM REPORT
|
Report No. : |
488970 |
|
Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
QUTONE CERAMIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 163/1 and 163/2, B/H Varmo Granito Private Limited, Taluka
Wankaner, Dhuva – 363622, Gujarat |
|
Tel. No.: |
91-79-40300075 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
06.10.2008 |
|
|
|
|
Com. Reg. No.: |
04-055178 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 31.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26933GJ2008PTC055178 |
|
|
|
|
IEC No.: |
2409000592 |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTQ00018E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACQ1841L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Trading, Dealing in all types of Tiles and Ceramic Items. [Registered Activity] |
|
|
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in 2008 and it is engaged in manufacturing of
ceramic wall tiles and vitrified floor tiles. Management has failed to file its financials with Registrar of
Companies for the FY 2017. As per the available financial record of 2016, the revenue of the
company has increased by 6.18% along with average profit margin of 2.45%. The sound financial profile of the company is marked by adequate
networth base along with comfortable debt coverage indicators. Rating takes into consideration equity infused by its promoters. The rating also takes into consideration the subject’s long track
record of business operations along with extensive experience of its
promoters in the ceramic industry, established marketing and distribution
network. However, rating strengths are partially offset by susceptibility of
its profitability margins to volatile input prices, company presence in
highly competitive ceramic tile manufacturing industry which has close
linkage to the cyclical real estate sector. Business is active. Payments seems to be usually correct. In view of aforesaid, the company can be considered for normal
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
10.01.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
10.01.2018 |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 01.02.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (Tel. No.:
91-79-40300075)
LOCATIONS
|
Registered Office/ Factory 1: |
Survey No. 163/1 and 163/2, B/H Varmo Granito Private Limited, Taluka Wankaner,
Dhuva – 363622, Gujarat, India |
|
Tel. No.: |
91-79-40300075 |
|
Fax No.: |
91-79-40063338 |
|
E-Mail : |
|
|
Web Site |
|
|
|
|
|
Factory 2: |
8-A, National Highway, At Dhuva, Taluka: Wankanet District Rajkot,
Gujarat, India |
|
|
|
|
Head Office: |
11, Titanium, Corporate Road, Opposite Prahalad Nagar, Garden, Sattellite, Ahmedabad-380015, Gujarat, India |
|
Tel. No.: |
91-79-26761780 |
|
Fax No.: |
91-79-40063338 |
|
|
|
|
Regional Offices |
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Manoj Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
B-31, Rivera Hights, Opposite Reliance Petrol Pump Anandnagar Road, Vejalpur, Ahmedabad – 380051, Gujarat, India |
|
Date of Birth/Age : |
15.09.1969 |
|
Date of Appointment : |
06.10.2008 |
|
DIN No.: |
02341175 |
|
PAN No.: |
AHCPB6316R |
|
|
|
|
Name : |
Beenal Arora Adlakha |
|
Designation : |
Director |
|
Address : |
C-0402, Ambience Island, Gurugram – 122001, Haryana, India |
|
Date of Birth/Age : |
06.06.1978 |
|
Date of Appointment : |
06.10.2008 |
|
DIN No.: |
02341473 |
|
|
|
|
Name : |
Sunil Sitaramji Manglunia |
|
Designation : |
Director |
|
Address : |
B-801, Beaumonde, Prernatirth Derasar Road, Satellite, Ahmedabad-380015, Gujarat, India |
|
Date of Birth/Age : |
30.01.1976 |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
02348121 |
|
|
|
|
Name : |
Rajeev Adlakha |
|
Designation : |
Director |
|
Address : |
C-402, Ambience Island NH-8, Gurugram-122001, Haryana, India |
|
Date of Birth/Age : |
19.07.1975 |
|
Date of Appointment : |
22.09.2014 |
|
DIN No.: |
02472895 |
|
|
|
|
Name : |
Jagdish Kunvarjibhai Dalsaniya |
|
Designation : |
Director |
|
Address : |
10- Mahendrapara Dist. Rajkot, Morbi – 363641, Gujarat, India |
|
Date of Birth/Age : |
12.08.1977 |
|
Date of Appointment : |
14.03.2009 |
|
DIN No.: |
02591958 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Manoj M. Agarwal |
|
714344 |
|
Sunita M. Agarwal |
|
445656 |
|
Beenal R. Adhlakha |
|
475000 |
|
Jagdish K. Dalsaniya |
|
141400 |
|
Sunil Manglunia |
|
275000 |
|
Malik finvest Private Limited, India |
|
153256 |
|
Manojkumar Bharuka and Sons (HUF) |
|
60000 |
|
Parulben Jagdishbhai |
|
8600 |
|
Rajeev Adlakha |
|
1744 |
|
Abhishek M. Agarwal |
|
130000 |
|
Monika Manglunia |
|
300000 |
|
Sunilkumar Manglunia (HUF) |
|
295000 |
|
Total |
|
3000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters - Individual/Hindu Undivided Family – Indian |
80.93 |
|
Body corporate – Promoters |
19.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Trading, Dealing in all types of Tiles and Ceramic Items. [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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Patel Soni Shah and Company Chartered Accountants |
|
Address : |
1st Floor, Krishna Complex, 5/6 Lati Plot, Main Road, Morbi, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKFP7672H |
|
|
|
|
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 : |
CIN No.: U26933GJ2012PTC069258
CIN No.:U26933GJ2010PTC063047 |
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
300000 |
Preference Shares |
INR 10/- each |
INR 3.000 Million |
|
|
Total |
|
INR 33.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000
Million |
|
100000 |
Preference Shares |
INR 10/- each |
INR 1.000
Million |
|
|
Total |
|
INR 31.000 Million |
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
3000000 |
Preference Shares |
INR 10/- each |
INR 30.000 Million |
|
|
Total |
|
INR 60.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000
Million |
|
100000 |
Preference Shares |
INR 10/- each |
INR 1.000
Million |
|
|
Total |
|
INR 31.000 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
31.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
239.204 |
150.308 |
117.742 |
|
(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) |
270.204 |
180.308 |
147.742 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
70.635 |
71.120 |
57.860 |
|
(b) Deferred tax liabilities (Net) |
17.396 |
16.374 |
13.658 |
|
(c) Other long term
liabilities |
82.082 |
42.675 |
14.029 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
170.113 |
130.169 |
85.547 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
232.961 |
175.892 |
64.816 |
|
(b) Trade
payables |
231.240 |
174.907 |
110.346 |
|
(c) Other
current liabilities |
52.511 |
38.187 |
39.650 |
|
(d) Short-term
provisions |
21.124 |
7.967 |
7.337 |
|
Total Current
Liabilities (4) |
537.836 |
396.953 |
222.149 |
|
|
|
|
|
|
TOTAL |
978.153 |
707.430 |
455.438 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
204.417 |
190.917 |
176.856 |
|
(ii)
Intangible Assets |
3.960 |
2.300 |
2.845 |
|
(iii)
Capital work-in-progress |
0.949 |
0.200 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
161.100 |
61.100 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
24.527 |
17.923 |
3.588 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.020 |
|
Total Non-Current
Assets |
394.953 |
272.440 |
183.309 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
222.693 |
152.647 |
79.545 |
|
(c) Trade
receivables |
303.581 |
236.281 |
161.464 |
|
(d) Cash
and cash equivalents |
11.886 |
7.690 |
15.891 |
|
(e)
Short-term loans and advances |
43.354 |
37.650 |
14.765 |
|
(f) Other
current assets |
1.686 |
0.722 |
0.464 |
|
Total
Current Assets |
583.200 |
434.990 |
272.129 |
|
|
|
|
|
|
TOTAL |
978.153 |
707.430 |
455.438 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1666.389 |
1569.362 |
804.036 |
|
|
Other Income |
21.715 |
19.147 |
8.420 |
|
|
TOTAL |
1688.104 |
1588.509 |
812.456 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
227.889 |
359.958 |
621.258 |
|
|
Purchases of Stock-in-Trade |
1092.746 |
898.654 |
0.000 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(35.759) |
(31.557) |
(27.222) |
|
|
Employees benefits expense |
100.526 |
79.777 |
56.265 |
|
|
Other expenses |
188.887 |
185.367 |
93.607 |
|
|
TOTAL |
1574.289 |
1492.199 |
743.908 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
113.815 |
96.310 |
68.547 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
28.148 |
30.721 |
22.263 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
85.667 |
65.589 |
46.285 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
24.166 |
15.676 |
14.788 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
61.501 |
49.913 |
31.497 |
|
|
|
|
|
|
|
Less |
TAX |
20.685 |
16.448 |
10.382 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
40.816 |
33.465 |
21.114 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
446.486 |
549.492 |
152.686 |
|
|
TOTAL EARNINGS |
446.486 |
549.492 |
152.686 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Material |
1.239 |
1.702 |
0.118 |
|
|
Capital Goods |
13.115 |
8.263 |
3.640 |
|
|
TOTAL EARNINGS |
14.354 |
9.965 |
3.758 |
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
13.61 |
11.16 |
7.04 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
40.397 |
(14.256) |
63.697 |
|
Net cash flows from (used in) operating activities |
32.685 |
(24.234) |
22.780 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
66.50 |
54.95 |
73.30 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
5.49 |
6.64 |
4.98 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
63.91 |
50.72 |
64.83 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.51 |
0.63 |
0.86 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.54 |
0.50 |
0.38 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.62 |
0.66 |
0.61 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.12 |
1.37 |
0.83 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.99 |
2.20 |
1.50 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.77 |
1.07 |
1.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.04 |
3.13 |
3.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
2.45 |
2.13 |
2.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.17 |
4.73 |
4.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
15.11 |
18.56 |
14.29 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.08 |
1.10 |
1.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.67 |
0.71 |
0.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.28 |
0.25 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.79 |
8.23 |
4.09 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.08 |
1.10 |
1.22 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
30.000 |
30.000 |
31.000 |
|
Reserves & Surplus |
117.742 |
150.308 |
239.204 |
|
Net
worth |
147.742 |
180.308 |
270.204 |
|
|
|
|
|
|
Long-term borrowings |
57.860 |
71.120 |
70.635 |
|
Short term borrowings |
64.816 |
175.892 |
232.961 |
|
Total
borrowings |
122.676 |
247.012 |
303.596 |
|
Debt/Equity
ratio |
0.830 |
1.370 |
1.124 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
804.036 |
1569.362 |
1666.389 |
|
|
|
95.186 |
6.183 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
804.036 |
1569.362 |
1666.389 |
|
Profit/ (Loss) |
21.114 |
33.465 |
40.816 |
|
|
2.63% |
2.13% |
2.45% |
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 |
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) |
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 |
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G49718166 |
100113864 |
ICICI BANK LIMITED |
26/07/2017 |
- |
- |
9300000.0 |
ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara-390007, Gujarat, India |
|
2 |
C60015757 |
10582365 |
BAJAJ FINANCE LIMITED |
21/07/2015 |
- |
- |
11560000.0 |
Akurdi Pune, Mumbai Pune Road, Pune-411035, Maharashtra, India |
|
3 |
G72199003 |
10567718 |
KOTAK MAHINDRA BANK LIMITED |
16/01/2015 |
23/08/2017 |
15/12/2017 |
456000000.0 |
27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
|
4 |
G59325217 |
10541352 |
KOTAK MAHINDRA BANK LIMITED |
09/01/2015 |
- |
17/10/2017 |
5400000.0 |
27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
|
5 |
C49555576 |
10167615 |
Oriental Bank of Commerce |
03/07/2009 |
07/04/2014 |
24/03/2015 |
261200000.0 |
Oriental Bank of Commerce NH-8A, Trajpar, Morbi-363642, Gujarat, India |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- 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,
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 63.69 |
|
|
1 |
INR 90.35 |
|
Euro |
1 |
INR 79.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
BHG |
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.