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|
%20PRIVATE%20LIMITED%20-%20489625_MIRA%2003-Feb-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20489625_MIRA%2003-Feb-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20489625_MIRA%2003-Feb-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
489625 |
|
Report Date : |
03.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
METAL POWER ANALYTICAL (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Metal Power House, Unit No. 87, Plot No. 14, Marol Co-Operative
Industrial Estate, Andheri (East), Mumbai, Maharashtra |
|
Tel. No.: |
91-22-67830500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
21.09.1990 |
|
|
|
|
Com. Reg. No.: |
11-058251 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 8.627 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1990PTC058251 |
|
|
|
|
IEC No.: |
0395047889 |
|
|
|
|
GSTIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
TIN No.: |
27610397458 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM4836D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Marketing of Analytical and Metallurgical
Instruments. [Registered
Activity] |
|
|
|
|
No. of Employees
: |
Information denied 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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1990 having
satisfactory track records. For the financial year ended 2017, the company has witnessed a growth
in its revenue but reported loss from its operational activities. However, the company possesses an acceptable financial profile marked
by sound networth base along with fair debt level of the company. The company also derives strength from its long standing track record
of business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be slow but correct. In view of the aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
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
31-03-2016.
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 03.02.2018.
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 BY
|
Name : |
Mr. Mukund Priyadarshan Pant |
|
Designation : |
Director |
|
Contact No.: |
91-8286085937 |
|
Date : |
01.02.2018 |
LOCATIONS
|
Registered Office : |
Metal Power House, Unit No. 87, Plot No. 14, Marol Co-Op Industrial
Estate, Andheri (East), Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-67830500 |
|
Mobile No.: |
91-8286085937 (Mr. Mukund Priyadarshan Pant) |
|
Fax No.: |
91-22-29251373 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality: |
Industrial |
|
|
|
|
Factory : |
C-35, 36, 37 and 40, Raj Industrial Complex, Military Road, Marol,
Andheri (East), Mumbai – 400059, Maharashtra, India |
|
|
|
|
Branch Office: |
B-48, Raj Industrial Complex, Military Road, Marol, Andheri (East),
Mumbai 400059 Maharashtra India |
|
|
|
|
Branch Offices : |
Located at: · Kolkata · Ahmedabad · Coimbatore · Pune · Chennai · Delhi · Secunderabad |
|
|
|
|
Sales Office 1 : |
No. 65, Tejendra Complex, Odhav Road, Odhav Ahmedabad - 382 910, Gujarat, India |
|
|
|
|
Sales Office 2 : |
No. 08, 16/421, RG Street, R.S. Puram, Coimbatore – 641001, Tamilnadu, India |
|
|
|
|
Sales Office 3 : |
11 and 12 DDA Complex, Pocket- E, Mayur Vihar, New Delhi - 110 091, India |
|
|
|
|
Sales Office 4: |
B-22, Jay Ganesh Vision, ‘B’ Wing, Akurdi, Pune - 411 035, Maharashtra, India |
|
|
|
|
Sales Office 5: |
9A, Indra Roy Road, Bakul Bagan, Bhowanipore, Kolkata - 700 025, West Bengal, India |
|
|
|
|
Sales Office 6: |
112, M.G. Road, Kabra Complex, Secunderabad - 500003, |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Priyadarshan Divyadarshan Pant |
|
Designation : |
Director |
|
Address : |
11/10, Blossom CHS Limited, Military Road, Marol, Mumbai – 400059, Maharashtra, India |
|
Date of Birth/Age : |
26.07.1949 |
|
Date of Appointment : |
21.09.1990 |
|
DIN No.: |
00062216 |
|
|
|
|
Name : |
Mr. Mukund Priyadarshan Pant |
|
Designation : |
Director |
|
Address : |
11/10, Blossom Society, Military Road, Marol, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1980 |
|
Date of Appointment : |
01.04.2014 |
|
DIN No.: |
06850752 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Pant Darshan Priya |
|
547 |
|
Mandalik Hari Shashank |
|
14 |
|
Negandhai Haren |
|
14 |
|
Pant Darshan Priya Joint with Shobha Pant |
|
9511 |
|
Chi. Mukund Pant Jt. With Mr. Priya Darshan Pant |
|
464 |
|
Shobha P Pant Joint with Priya Darshan Pant |
|
6704 |
|
Total |
|
17254 |
AS ON 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
99.84 |
|
Public/Other than promoters - [Individual/Hindu Undivided Family – Indian] |
0.16 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20489625_MIRA%2003-Feb-2018_files/image019.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Marketing of Analytical and Metallurgical
Instruments. [Registered
Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : [As Per Indirect Sources] |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
V. P. Joshi and Company Chartered Accountants |
|
Address : |
202, Silver Classic, J. P. Nagar Road No.3, Near Hanuman Temple,
Goregaon (East), Mumbai - 400063, Maharashtra, India |
|
Tel. No.: |
91-22-26861014 |
|
Mobile No.: |
91-9820213754 |
|
E-Mail : |
|
|
PAN No.: |
AAEPJ8437C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/ Joint Venture/ Companies controlled by directors and
relatives : |
Metal Power India Private Limited |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
INR 500/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17254 |
Equity Shares |
INR 500/- each |
INR 8.627 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 |
8.627 |
8.627 |
8.627 |
|
(b) Reserves &
Surplus |
99.053 |
112.522 |
106.259 |
|
(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) |
107.680 |
121.149 |
114.886 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
204.484 |
183.896 |
4.995 |
|
(b) Deferred tax
liabilities (Net) |
6.420 |
3.462 |
0.000 |
|
(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) |
210.904 |
187.358 |
4.995 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
34.586 |
18.127 |
20.767 |
|
(c) Other current
liabilities |
44.667 |
42.437 |
11.067 |
|
(d) Short-term provisions |
15.189 |
8.102 |
7.182 |
|
Total Current Liabilities
(4) |
94.442 |
68.666 |
39.016 |
|
|
|
|
|
|
TOTAL |
413.026 |
377.173 |
158.897 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
235.368 |
231.402 |
44.617 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
1.232 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
2.071 |
2.355 |
26.920 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.853 |
|
(d) Long-term Loan and Advances |
51.663 |
1.698 |
1.958 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
290.334 |
235.455 |
74.348 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
46.628 |
36.025 |
42.441 |
|
(c) Trade receivables |
16.616 |
6.372 |
9.434 |
|
(d) Cash and cash
equivalents |
56.677 |
54.572 |
18.542 |
|
(e) Short-term loans and
advances |
1.669 |
43.702 |
11.172 |
|
(f) Other current assets |
1.102 |
1.047 |
2.960 |
|
Total Current Assets |
122.692 |
141.718 |
84.549 |
|
|
|
|
|
|
TOTAL |
413.026 |
377.173 |
158.897 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
211.301 |
183.765 |
171.189 |
|
|
Other Income |
24.365 |
20.960 |
16.455 |
|
|
TOTAL |
235.666 |
204.725 |
187.644 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
62.328 |
48.643 |
46.605 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(7.369) |
(0.060) |
(1.111) |
|
|
Employees benefits
expense |
65.639 |
45.266 |
33.017 |
|
|
Other expenses |
92.007 |
93.983 |
72.178 |
|
|
Extraordinary Items |
0.000 |
(19.795) |
0.000 |
|
|
TOTAL |
212.605 |
168.037 |
150.689 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
23.061 |
36.688 |
36.955 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
14.479 |
12.192 |
1.316 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
8.582 |
24.496 |
35.639 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
17.601 |
11.215 |
3.181 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(9.019) |
13.281 |
32.458 |
|
|
|
|
|
|
|
Less |
TAX |
4.451 |
7.018 |
8.162 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(13.470) |
6.263 |
24.296 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
45.829 |
28.183 |
21.080 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(781.00) |
363.00 |
1408.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operating activities |
53.998 |
6.753 |
34.313 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
28.70 |
12.66 |
20.11 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
12.72 |
28.84 |
18.15 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
202.54 |
136.02 |
162.64 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.49 |
1.02 |
0.87 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.10 |
0.16 |
0.83 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.72 |
0.67 |
0.28 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.04 |
1.58 |
0.11 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.88 |
0.57 |
0.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.20 |
1.91 |
0.39 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.59 |
3.01 |
28.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
(6.37) |
3.41 |
14.19 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(3.26) |
1.66 |
15.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(12.51) |
5.17 |
21.15 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.30 |
2.06 |
2.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.81 |
1.54 |
1.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.26 |
0.32 |
0.72 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
25.46 |
22.26 |
1.41 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.30 |
2.06 |
2.17 |
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 |
8.627 |
8.627 |
8.627 |
|
Reserves & Surplus |
106.259 |
112.522 |
99.053 |
|
Net
worth |
114.886 |
121.149 |
107.680 |
|
|
|
|
|
|
Long Term borrowings |
4.995 |
183.896 |
204.484 |
|
Short Term borrowings |
7.182 |
8.102 |
15.189 |
|
Total
borrowings |
12.177 |
191.998 |
219.673 |
|
Debt/Equity
ratio |
0.106 |
1.585 |
2.040 |
%20PRIVATE%20LIMITED%20-%20489625_MIRA%2003-Feb-2018_files/image020.gif)
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
|
171.189 |
183.765 |
211.301 |
|
|
|
7.346 |
14.984 |
%20PRIVATE%20LIMITED%20-%20489625_MIRA%2003-Feb-2018_files/image021.gif)
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
|
171.189 |
183.765 |
211.301 |
|
Profit/(Loss) |
24.296 |
6.263 |
(13.470) |
|
|
14.19% |
3.41% |
(6.37%) |
%20PRIVATE%20LIMITED%20-%20489625_MIRA%2003-Feb-2018_files/image022.gif)
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 |
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 |
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 |
BACKGROUND:
The Company was incorporated on 21st September 1990 under Indian Companies Act, 1956. The Company is carrying on the activities as manufacture/marketing of Analytical and Metallurgical Instruments.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS:
During the year: The total turnover has increased to INR 235.666 Million (as compared to INR 204.725 Million (- over previous year. The Company has however, suffered Loss after tax of INR 13.470 Million (- during the year ending on 31st March, 2017 as against the Profit of INR 6.263 Million during previous year mainly on account of no extra ordinary income and increased Employee Benefit Cost and Higher Depreciation. The Directors hope to achieve better turnover and profit during the current financial year.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
From Directors |
10.000 |
10.337 |
|
Pre-Paid Income |
6.565 |
4.899 |
|
2017-18 AMC |
0.000 |
0.073 |
|
Total |
16.565 |
15.309 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G34108555 |
100073830 |
YES BANK LIMITED |
29/12/2016 |
- |
- |
50000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI – 400018, MAHARASHTRA, INDIA |
|
2 |
G23808520 |
100061590 |
YES BANK LIMITED |
17/10/2016 |
- |
- |
50000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI – 400018, MAHARASHTRA, INDIA |
|
3 |
C80035983 |
10622197 |
STANDARD CHARTERED BANK |
25/02/2016 |
- |
- |
147400000.0 |
1ST FLOOR, 270 D N ROAD, FORT, MUMBAI – 400001, MAHARASHTRA, INDIA |
|
4 |
Y10254523 |
90154753 |
CITI BANK N.A. |
28/09/1999 |
- |
- |
826322.0 |
CITI TOWER; DR. S.S. RAO ROAD, PAREL, MUMBAI, MAHARASHTRA, INDIA |
|
5 |
G16004772 |
10060818 |
STATE BANK OF INDIA |
22/02/2006 |
05/03/2015 |
18/10/2016 |
39000000.0 |
SME CENTRE, 101, 1ST FLOOR, EAST WING, LANDMARK BUILDING, NEAR PETROL PUMP, S.V. ROAD BORIVALI, MUMBAI- 400092, MAHARASHTRA, INDIA |
|
6 |
G03220936 |
10587714 |
BAJAJ FINANCE LIMITED |
22/07/2015 |
- |
11/05/2016 |
150000000.0 |
AKURDI PUNEMUMBAI PUNE ROAD, PUNE – 411035, MAHARASHTRA, INDIA |
|
7 |
C20300323 |
90154717 |
STATE BANK OF INDIA |
23/01/2004 |
18/08/2004 |
19/08/2014 |
2800000.0 |
MAROL BRANCH MUMBAI – 400059, MAHARASHTRA, INDIA |
|
8 |
C20303442 |
90154746 |
STATE BANK OF INDIA |
09/12/1995 |
- |
19/08/2014 |
80000.0 |
MAROL BRANCH MUMBAI – 400059, MAHARASHTRA, INDIA |
|
9 |
C20305322 |
90154586 |
STATE BANK OF INDIA |
23/10/1998 |
- |
19/08/2014 |
160000.0 |
MAROL BRANCH MUMBAI – 400059, MAHARASHTRA, INDIA |
|
10 |
C20304374 |
90154517 |
STATE BANK OF INDIA |
09/12/1995 |
27/03/1997 |
19/08/2014 |
80000.0 |
MAROL BRANCH MUMBAI – 400059, MAHARASHTRA, INDIA |
FIXED ASSETS:
Tangible Assets
·
Buildings
·
Computer
·
Furniture and Fixture
·
Vehicles
·
Office Equipment
· Air Conditioner
·
Plant and Machinery
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 64.08 |
|
|
1 |
INR 80.03 |
|
Euro |
1 |
INR 91.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
GEET |
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.