|
|
|
MIRA INFORM REPORT
|
Report No. : |
490095 |
|
Report Date : |
06.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
DYNAFLEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 321/322 and 318/4, Post Office Baska, Vadodara - Halol Expressway,
Taluka: Halol, Panch Mahals– 389350, Gujarat |
|
Tel. No.: |
91-2676-247999 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.06.1984 |
|
|
|
|
Com. Reg. No.: |
04-007018 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 3.750 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200GJ1984PTC007018 |
|
|
|
|
IEC No.: |
0889000824 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD8084A |
|
|
|
|
GSTIN/UIN : |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing
and selling of plastic articles for the packaging goods (such as plastic
bags, sacks, containers, boxes, cases, carboys, bottle, printed poly bags,
security poly bags and poly products, etc. (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 : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1984 and it
is having fine track records. For the financial year 2017, the company has registered decrease in
its revenue from operation as compared to previous year and maintained
average profit margin of 1.99%. General financial position of the company seems to be sound and
healthy along with average debt structure. Further, rating also reflects company’s long standing track records of
business operation. Trade relations are reported as fair. Business is active. Payments are
seems to be regular. The company can be considered for busie3nss dealing at usual trade
terms and condition. |
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 |
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
31-03-2017.
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 06.02.2018
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.: 91-2676-226700)
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 321/322 and 318/4, Post Office Baska, Vadodara - Halol
Expressway, Taluka: Halol, Panch Mahals– 389350, Gujarat, India |
|
Tel. No.: |
91-2676-247999
/ 247009/ 226700/ 247166 |
|
Mobile No.: |
91-7210114711 (Ms. Bhavika/ Ms. Reena) 91-9898751789 (Mr. Victor) |
|
Fax No.: |
91-2676-247066 |
|
E-Mail : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Corporate Office
: |
202/203, Dynaflex Private Limited, Madhav Complex, Alkapuri, Race
Course, Circle, Vadodara-390007, Gujarat, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Niranjan Chhotalal Vora |
|
Designation : |
Managing Director |
|
Address : |
12, Sampatrao Colony, Alkapuri, Vadodara - 390007,
Gujarat, India |
|
Date of Birth/Age : |
06.04.1939 |
|
Qualification : |
B.E. Mechanical |
|
Date of Appointment : |
06.10.2015 |
|
Voter ID No.: |
GJ/22/148/447272 |
|
DIN No.: |
01678272 |
|
|
|
|
Name : |
Mr. Gaurav Niranjan Vora |
|
Designation : |
Whole-Time Director |
|
Address : |
12, Sampatrao Colony, Alkapuri, Vadodara - 390007,
Gujarat, India |
|
Date of Birth/Age : |
09.08.1973 |
|
Qualification : |
B.A. |
|
Date of Appointment : |
06.10.2015 |
|
Voter ID No.: |
GJ/22/148/447600 |
|
DIN No.: |
01571664 |
|
|
|
|
Name : |
Mr. Siddharth Niranjan Vora |
|
Designation : |
Whole-Time Director |
|
Address : |
12, Sampatrao Colony, Alkapuri, Vadodara - 390007,
Gujarat, India |
|
Date of Birth/Age : |
09.01.1976 |
|
Qualification : |
MBA |
|
Date of Appointment : |
06.10.2015 |
|
Voter ID No.: |
GJ/22/148/447427 |
|
DIN No.: |
01678339 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Niranjan
Chhotalal Vora |
22100 |
58.93 |
|
Hansa Vora |
5250 |
14.00 |
|
Hansa Vora and Niranjan Chhotalal Vora |
2650 |
7.07 |
|
Gaurav
Niranjan Vora |
3750 |
10.00 |
|
Siddharth
Niranjan Vora |
3750 |
10.00 |
|
Total |
37500 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
78.93 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
21.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
and selling of plastic articles for the packaging goods (such as plastic bags,
sacks, containers, boxes, cases, carboys, bottle, printed poly bags, security
poly bags and poly products, etc. (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 : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution: |
Siemens Financial Services Private Limited 130, Pandurang Budhkar Marg, Worli, Mumbai - 400018, Maharashtra,
India |
|
|
|
|
Auditors : |
|
|
Name : |
Shah Sanghvi and Company Chartered Accountants |
|
Address : |
2, Samarpan, 26, Haribhakti Colony, Race Course Circle, Vadodara –
390015, Gujarat, India |
|
Tel. No.: |
91-265-2337064 |
|
Fax No.: |
91-265-2354386 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AITPS7518Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Parties : |
|
|
|
|
|
Associate Concern : |
|
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
INR 100/- each |
INR 4.000 Million |
|
10000 |
Preference Shares |
INR 100/- each |
INR 1.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 5.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37500 |
Equity Shares |
INR 100/- each |
INR 3.750 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 |
3.750 |
3.750 |
3.750 |
|
(b) Reserves &
Surplus |
225.686 |
213.330 |
149.159 |
|
(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) |
229.436 |
217.080 |
152.909 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
163.763 |
196.300 |
218.738 |
|
(b) Deferred tax
liabilities (Net) |
30.709 |
25.901 |
17.987 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.996 |
0.996 |
0.000 |
|
Total Non-current
Liabilities (3) |
195.468 |
223.197 |
236.725 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
130.638 |
78.712 |
94.009 |
|
(b) Trade payables |
55.662 |
43.926 |
31.676 |
|
(c) Other current
liabilities |
90.316 |
79.749 |
49.261 |
|
(d) Short-term provisions |
38.434 |
43.852 |
24.133 |
|
Total Current Liabilities
(4) |
315.050 |
246.239 |
199.079 |
|
|
|
|
|
|
TOTAL |
739.954 |
686.516 |
588.713 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
439.335 |
376.658 |
301.241 |
|
(ii) Intangible Assets |
1.429 |
0.422 |
1.417 |
|
(iii) Capital work-in-progress |
11.499 |
76.825 |
10.049 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.988 |
9.156 |
19.824 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
462.251 |
463.061 |
332.531 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
112.437 |
80.896 |
77.154 |
|
(c) Trade receivables |
113.672 |
92.721 |
120.994 |
|
(d) Cash and cash
equivalents |
6.139 |
3.478 |
27.464 |
|
(e) Short-term loans and
advances |
45.455 |
46.360 |
30.570 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
277.703 |
223.455 |
256.182 |
|
|
|
|
|
|
TOTAL |
739.954 |
686.516 |
588.713 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
620.757 |
772.415 |
630.964 |
|
|
Other Income |
5.342 |
2.093 |
4.302 |
|
|
TOTAL |
626.099 |
774.508 |
635.266 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
328.800 |
389.232 |
366.216 |
|
|
Purchases of
Stock-in-Trade |
5.577 |
1.304 |
5.587 |
|
|
Changes in inventories |
(19.513) |
(7.422) |
(14.008) |
|
|
Employees benefits
expense |
64.312 |
69.548 |
45.985 |
|
|
Other expenses |
145.468 |
144.923 |
121.615 |
|
|
TOTAL |
524.644 |
597.585 |
525.395 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
101.455 |
176.923 |
109.871 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
39.746 |
39.506 |
30.975 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
61.708 |
137.417 |
78.896 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
43.296 |
43.539 |
31.955 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
18.413 |
93.878 |
46.941 |
|
|
|
|
|
|
|
Less |
TAX |
6.057 |
29.035 |
18.035 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
12.356 |
64.843 |
28.906 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Exports of goods on FOB
basis |
16.359 |
22.345 |
23.994 |
|
|
TOTAL EARNINGS |
16.359 |
22.345 |
23.994 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
162.135 |
145.638 |
164.131 |
|
|
Components and Stores
parts |
0.535 |
50.611 |
29.805 |
|
|
TOTAL IMPORTS |
162.670 |
196.249 |
193.936 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
329.49 |
1729.15 |
770.82 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
58.392 |
55.722 |
28.891 |
|
Cash generated from operations |
15.976 |
235.006 |
(76.591) |
|
Net Cash flows from operating activities |
118.757 |
212.272 |
12.269 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
66.84 |
43.81 |
69.99 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
5.46 |
8.33 |
5.21 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
60.76 |
41.05 |
31.10 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.90 |
2.19 |
1.42 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.22 |
0.39 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.73 |
0.73 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.54 |
1.52 |
2.23 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.37 |
1.13 |
1.30 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.97 |
2.09 |
2.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.55 |
4.48 |
3.55 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
1.99 |
8.39 |
4.58 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.67 |
9.45 |
4.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.39 |
29.87 |
18.90 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.88 |
0.91 |
1.29 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.52 |
0.58 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.31 |
0.32 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
94.08 |
88.20 |
91.10 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.88 |
0.91 |
1.29 |
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 |
3.750 |
3.750 |
3.750 |
|
Reserves & Surplus |
149.159 |
213.330 |
225.686 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
152.909 |
217.080 |
229.436 |
|
|
|
|
|
|
Long-term borrowings |
218.738 |
196.300 |
163.763 |
|
Short term borrowings |
94.009 |
78.712 |
130.638 |
|
Current Maturities of
Long term debt |
28.891 |
55.722 |
58.392 |
|
Total borrowings |
341.638 |
330.734 |
352.793 |
|
Debt/Equity ratio |
2.234 |
1.524 |
1.538 |
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 |
630.964 |
772.415 |
620.757 |
|
|
74.611 |
22.418 |
(19.634) |
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 |
630.964 |
772.415 |
620.757 |
|
Profit/ (Loss) |
28.906 |
64.843 |
12.356 |
|
|
4.58% |
8.39% |
1.99% |
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 |
No |
|
9 |
Promoter’s background |
No |
|
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 |
Yes |
|
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 |
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 |
CORPORATE INFORMATION
The company domiciled in India and incorporated under the provisions of the erstwhile companies act, 1956. The company is engaged in the manufacture and sale of printed poly bags, security poly bags and poly products. The company’s manufacturing facilities are at Halol, Vadodara, Gujarat, India.
STATE OF COMPANY’S AFFAIRS
During the year, the total income of the company is INR 626.099 Million. The profit for the year is INR 12.356 Million as compared to previous year profit of INR 64.843 Million. The company has adopted marketing strategies to be proximate with customers and provide value added services.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
LONG TERM
BORROWING |
|
|
|
Term of Repayment |
|
|
|
Loans and advances from related parties |
54.908 |
66.334 |
|
Loans and advances from other than related parties |
2.136 |
2.136 |
|
Total |
57.044 |
68.470 |
INDEX OF CAHREGS:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G47233622 |
100106406 |
Citi Bank N.A. |
02/02/2017 |
- |
- |
70000000.0 |
8, Pelican, Gotri Road, Opposite Race Course Tower, Abhishek Colony, Vadiwadi, Vadodara GUJARAT 390007 INDIA |
|
2 |
G01281005 |
100018984 |
HDFC BANK LIMITED |
28/03/2016 |
- |
- |
11452222.0 |
HDFC Bank House, Senapati Bapat Marg,Lower Parel (West), Mumbai MAHARASHTRA 400013 INDIA |
|
3 |
C41266982 |
10082844 |
HDFC BANK LIMITED |
22/10/2007 |
16/01/2015 |
- |
452637000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
4 |
G36393619 |
10071230 |
HDFC BANK LIMITED |
25/09/2007 |
17/01/2017 |
- |
481764000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
5 |
G75284240 |
10495548 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
30/04/2014 |
- |
11/01/2018 |
5590878.0 |
130, PANDURANG BUDHKAR MARG, WORLI MUMBAI MAHARASHTRA 400018 INDIA |
|
6 |
G75287268 |
10537185 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
03/12/2014 |
- |
11/01/2018 |
2103862.0 |
130, PANDURANG BUDHKAR MARG, WORLI MUMBAI MAHARASHTRA 400018 INDIA |
|
7 |
G75286724 |
10537156 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
03/12/2014 |
- |
11/01/2018 |
18734893.0 |
130, PANDURANG BUDHKAR MARG, WORLI MUMBAI MAHARASHTRA 400018 INDIA |
|
8 |
G75272278 |
10520286 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
21/08/2014 |
- |
11/01/2018 |
2319030.0 |
130, PANDURANG BUDHKAR MARG, WORLI MUMBAI MAHARASHTRA 400018 INDIA |
|
9 |
G75285486 |
10501997 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
15/05/2014 |
- |
11/01/2018 |
12108458.0 |
130, PANDURANG BUDHKAR MARG, WORLI MUMBAI MAHARASHTRA 400018 INDIA |
|
10 |
A25070822 |
90110519 |
THE MAKARPURA INDUSTRIAL ESTATE CO. OP. BANK LTD. |
06/02/2003 |
22/08/2006 |
12/10/2007 |
5700000.0 |
75 GIDC ESTATE MAKARPURA VADODARA GUJARAT 390010 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Contingent Liabilities |
19.092 |
18.692 |
FIXED ASSETS
Tangible Assets
·
Land
·
Building
·
Plant and Furniture
·
Furniture and Fixture
·
Vehicle
·
Office Equipment
·
Computer
·
Electrical Installation
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 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 64.02 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
SUD |
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.