|
|
|
MIRA INFORM REPORT
|
Report No. : |
490712 |
|
Report Date : |
08.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMI ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 440/4, 5 and 6, Road No. 82/A, G.I.D.C. Sachin, Surat
– 394230, Gujarat |
|
Mobile No.: |
91-9824147318 (Mr. Nareshbhai Ramjibhai Patel) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
12.06.2007 |
|
|
|
|
Com. Reg. No.: |
04-051093 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 15.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100GJ2007PTC051093 |
|
|
|
|
IEC No.: |
5204008799 |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA4014R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Drugs Intermediate Chemicals and Related Activities. (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 : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2007. The company is a
manufacturer of drugs intermediate chemicals and related activities. For the financial year ended 2017, the company has achieved 5.52% in
its revenue as compared to the previous year’s revenue and has reported a
favourable profitability margin of 8.69%. The healthy financial profile of the company is reflected by above
average net worth base along with low debt balance sheet profile and
satisfactory liquidity position. Rating takes into consideration the company’s decent Earnings Per
Shares (EPS) of INR 87.10 as against its Face Value (FV) of INR 10. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business dealings
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
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 08.02.2018
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. Nareshbhai Ramjibhai Patel |
|
Designation : |
Wholetime Director |
|
Contact No.: |
91-9824147318 |
|
Date : |
07.02.2018 |
91-261-3222566- Continuously ringing
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 440/4, 5 and 6, Road No. 82/A, G.I.D.C. Sachin,
Surat – 394230, Gujarat, India |
|
Tel. No.: |
91-261-3222566/ 3222586/ 3292077/ 2397193/ 2397194 |
|
Mobile No.: |
91-9824147318 (Mr. Nareshbhai Ramjibhai Patel) |
|
Fax No.: |
91-261-2398436 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Overseas Offices : |
Located
at: · United States of America · Europe |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Nareshbhai Ramjibhai Patel |
|
Designation : |
Whole-time director |
|
Address : |
26, Saibaba
Nagar, Opposite Katargam Fire Station, Katargam, |
|
Date of Birth/Age : |
20.09.1974 |
|
Qualification : |
B.E.CHEMIE |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
ABCPP1222C |
|
DIN No.: |
00906232 |
|
|
|
|
Name : |
Mr. Girishbhai Limbabhai Chovatia |
|
Designation : |
Whole-time director |
|
Address : |
B-22, OM
Society, B/h. |
|
Date of Birth/Age : |
01.06.1969 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
ABAPC5423A |
|
DIN No.: |
00907321 |
|
|
|
|
Name : |
Mr. Chetanbhai Chhaganbhai Vaghashiya |
|
Designation : |
Whole-time director |
|
Address : |
B-202, Indra
Prastha Complex, Opposite Nagina Wadi, Sumul Dairy Road, Surat – 395004,
Gujarat, India |
|
Date of Birth/Age : |
11.04.1974 |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AANPV1660Q |
|
DIN No.: |
01375540 |
|
|
|
|
Name : |
Mr. Virendra Nath Mishra |
|
Designation : |
Director |
|
Address : |
401, Vatika Appartment, Near Shikhar Residency, Piplod, Surat City, SVR College, Surat – 395007, Gujarat, India |
|
Date of Appointment : |
09.05.2017 |
|
DIN No.: |
07815490 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Girishbhai Limbabhai Chovatia |
|
375000 |
|
Nareshbhai Ramjibhai Patel |
|
187500 |
|
Chetanbhai Chhaganbhai Vaghashiya |
|
187500 |
|
Sheetalben N. Patel |
|
187500 |
|
Parulben C. Vaghasia |
|
187500 |
|
Kiranben G. Chovatia |
|
350000 |
|
Mehul Manukhbhai Koladia |
|
10000 |
|
Haresh Hansrajbhai Chovatia |
|
15000 |
|
Total |
|
1500000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
98.33 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
1.67 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Drugs Intermediate Chemicals and Related Activities.
(Registered Activity) |
||||
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Products / Services
: |
|
||||
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||||
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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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||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
|
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|
||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Bela Mehta and Associates Chartered Accountants |
|
Address : |
A-204, Shri Siddhi Vinayak Commercial Complex, Opposite Alkapuri Side
Railway Station, Near Shilalekh, Vadodara – 390007, Gujarat , India |
|
Tel. No.: |
91-265-2322549 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAVPC7385B |
|
|
|
|
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: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 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 |
15.000 |
15.000 |
15.000 |
|
(b) Reserves and Surplus |
388.303 |
257.656 |
137.363 |
|
(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) |
403.303 |
272.656 |
152.363 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
59.462 |
74.488 |
28.663 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
59.462 |
74.488 |
28.663 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
137.147 |
161.743 |
132.543 |
|
(b) Trade
payables |
384.305 |
284.160 |
200.808 |
|
(c) Other
current liabilities |
74.216 |
71.889 |
70.430 |
|
(d) Short-term
provisions |
34.707 |
49.835 |
9.190 |
|
Total Current
Liabilities (4) |
630.375 |
567.627 |
412.971 |
|
|
|
|
|
|
TOTAL |
1093.140 |
914.771 |
593.997 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
145.034 |
85.327 |
59.017 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
114.197 |
37.644 |
41.371 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
167.924 |
124.795 |
9.944 |
|
(c) Deferred tax assets (net) |
(0.637) |
0.432 |
1.865 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
2.517 |
2.514 |
2.518 |
|
Total Non-Current Assets |
429.035 |
250.712 |
114.715 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
197.229 |
196.400 |
140.376 |
|
(c) Trade
receivables |
364.884 |
363.001 |
244.100 |
|
(d) Cash and
bank balances |
32.250 |
5.097 |
5.461 |
|
(e)
Short-term loans and advances |
69.742 |
99.561 |
89.345 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
664.105 |
664.059 |
479.282 |
|
|
|
|
|
|
TOTAL |
1093.140 |
914.771 |
593.997 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1503.859 |
1425.173 |
1029.325 |
|
|
Other Income |
2.100 |
36.972 |
4.403 |
|
|
TOTAL |
1505.959 |
1462.145 |
1033.728 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
968.076 |
934.742 |
660.680 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.429 |
(20.875) |
11.139 |
|
|
Employee benefit expense |
73.630 |
69.453 |
38.837 |
|
|
CSR expenditure |
0.477 |
0.583 |
0.000 |
|
|
Other expenses |
228.241 |
266.191 |
238.947 |
|
|
TOTAL |
1272.853 |
1250.094 |
949.603 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
233.106 |
212.051 |
84.125 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
32.300 |
26.516 |
16.722 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
200.806 |
185.535 |
67.403 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.681 |
7.992 |
7.174 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
187.125 |
177.543 |
60.229 |
|
|
|
|
|
|
|
Less |
TAX |
56.477 |
57.250 |
18.428 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
130.648 |
120.293 |
41.801 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
4.401 |
22.971 |
10.922 |
|
|
TOTAL EARNINGS |
4.401 |
22.971 |
10.922 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
87.10 |
80.20 |
27.87 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
52.391 |
46.746 |
57.164 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
265.409 |
177.543 |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
265.409 |
177.543 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
88.56 |
92.97 |
86.56 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.12 |
3.93 |
4.22 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
144.90 |
110.96 |
110.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.18 |
1.08 |
0.60 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.90 |
1.72 |
0.84 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.68 |
0.75 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.62 |
1.04 |
1.43 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.56 |
2.08 |
2.71 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.64 |
0.45 |
0.66 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
7.22 |
8.00 |
5.03 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.69 |
8.44 |
4.06 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.95 |
13.15 |
7.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
32.39 |
44.12 |
27.44 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.05 |
1.17 |
1.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.74 |
0.82 |
0.82 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.37 |
0.30 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
16.60 |
18.87 |
14.56 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.05 |
1.17 |
1.16 |
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 |
15.000 |
15.000 |
15.000 |
|
Reserves & Surplus |
137.363 |
257.656 |
388.303 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
152.363 |
272.656 |
403.303 |
|
|
|
|
|
|
Long-term borrowings |
28.663 |
74.488 |
59.462 |
|
Short term borrowings |
132.543 |
161.743 |
137.147 |
|
Current maturities of
long-term debts |
57.164 |
46.746 |
52.391 |
|
Total
borrowings |
218.370 |
282.977 |
249.000 |
|
Debt/Equity
ratio |
1.433 |
1.038 |
0.617 |
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 |
1029.325 |
1425.173 |
1503.859 |
|
|
|
38.457 |
5.521 |
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 |
1029.325 |
1425.173 |
1503.859 |
|
Profit/ (Loss) |
41.801 |
120.293 |
130.648 |
|
|
4.06
% |
8.44
% |
8.69
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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 |
GENERAL INFORMATION:
Subject is a private company domiciled in India and incorporated under the provisions of the companies Act. 1956. The Company is engaged in the business of drugs intermediate chemicals and related activities.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Rupee term loans from others |
3.839 |
19.400 |
|
Total |
3.839 |
19.400 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C75628966 |
10569878 |
ADITYA BIRLA
FINANCE LIMITED |
02/02/2015 |
30/12/2015 |
- |
153800000.0 |
INDIAN RAYON
COMPOUND,VERAVALGJ362266IN |
|
2 |
G46101739 |
10367182 |
HDFC BANK LIMITED |
21/07/2012 |
23/05/2017 |
- |
270000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G42161885 |
10351408 |
HDFC BANK LIMITED |
28/04/2012 |
31/03/2017 |
- |
250000000.0 |
HDFC BANK HOUSESENAPATI
BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
C53618658 |
10453315 |
INDUSIND BANK LTD. |
20/09/2013 |
- |
14/05/2015 |
80000000.0 |
G-2, EMPIRE STATE
BLDG,NEAR UDHANA DARWAJA, RING ROAD,SURATGJ395002IN |
|
5 |
C53619557 |
10451132 |
INDUSIND BANK LTD. |
27/08/2013 |
- |
14/05/2015 |
80000000.0 |
G-2, EMPIRE STATE
BLDG,NEAR UDHANA DARWAJA, RING ROAD,SURATMH395002IN |
|
6 |
B56470222 |
10071291 |
STATE BANK OF
INDIA |
26/07/2007 |
27/01/2011 |
21/08/2012 |
74500000.0 |
SPLD. COMMERCIAL BRANCH,
1ST FLOOR KIRAN CHAMBERS,OPP: J K TOWER, RING ROAD,SURATGJ395002IN |
|
7 |
B56437247 |
10108056 |
STATE BANK OF
INDIA |
12/06/2007 |
23/02/2011 |
21/08/2012 |
74500000.0 |
SPLD. COMMERCIAL BRANCH,1ST
FLOOR KIRAN CHAMBERS,OPP: J K TOWER, RING ROAD,SURATGJ395002IN |
|
8 |
B40233116 |
10252288 |
STANDARD CHARTERED
BANK |
01/12/2010 |
- |
19/04/2012 |
70000000.0 |
1ST FLOOR, C K
TOWER,B/S SARGAM SHOPPING CENTRE, PARLE POINT,SURATGJ395007IN |
FIXED ASSETS:
Tangible assets
- 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 64.14 |
|
|
1 |
INR 89.50 |
|
Euro |
1 |
INR 79.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.