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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

488659

Report Date :

08.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

CHECKMATE SERVICES PRIVATE LIMITED

 

 

Registered Office :

GF-6, 7, 8, 9, Amaan Towers, Suvas Colony, Fatehgunj  Main Road, Vadodara – 390002, Gujarat

Tel. No.:

91-265-6698200

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

30.06.1992

 

 

Com. Reg. No.:

04-017920

 

 

Capital Investment / Paid-up Capital :

INR 50.000 Million

 

 

CIN No.:

[Company Identification No.]

U74999GJ1992PTC017920

 

 

IEC No.:

Not Divulged

 

 

GSTIN:

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACC8465A

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in providing securities services. (Registered Activity)

 

 

No. of Employees :

Not Divulged

 

 

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 :

Exists

 

 

Comments :

Checkmate Services Private Limited was incorporated in the year 1992. It is engaged in providing securities services.

 

For the financial year 2017, there has been minimal decrease in its revenue by 0.69% but has managed to maintain low profit margin of 0.10%.

 

The sound financial profile of the company is marked by adequate networth base along with negligible debt level.

 

The rating takes into consideration the subject’s long track record of business operation along with extensive experience of its promoters.

 

 However, rating strengths are partially offset by unfavourable gap between trade payables and trade receivables.

 

Business is active. Payments seems to be usually correct.

 

In view of 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.

 

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CRISIL

Rating

Long Term (BBB-)

Rating Explanation

Moderate degree of safety and moderate credit risk.

Date

14-02-2017

 

Rating Agency Name

CRISIL

Rating

Short Term (A3)

Rating Explanation

Moderate degree of safety and higher credit risk.

Date

14-02-2017

 

 

 

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. Jigar Shah

Designation :

Account Head

Contact No.:

91-265-6698200

Date :

29.01.2018

 

 

LOCATIONS

 

Registered / Corporate Office :

GF-6, 7, 8, 9, Amaan Towers, Suvas Colony, Fatehgunj  Main Road, Vadodara – 390002, Gujarat, India

Tel. No.:

91-265-6698200

Fax No.:

91-265-6623339

E-Mail :

accounts@checkmateservices.com

contact@checkmateservices.com

Website :

https://www.checkmateservices.com

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Vikram Pratapsingh Mahurkar

Designation :

Director

Address :

Checkmate House, Village Krishnapura At. Post Sindhrot, Vadodara-391330, Gujarat, India

Date of Birth/Age :

16.03.1961

Qualification :

Graduation

Date of Appointment :

30.06.1992

PAN No.:

ACHPM3681J

DIN No:

00309111

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U74920GJ2005PTC045497

CHECKMATE FACILITY AND ELECTRONIC SOLUTIONS PRIVATE LIMITED

30/09/2014

-

U75144DL2011NPL215416

SECURITY SECTOR SKILL DEVELOPMENT COUNCIL

25/04/2011

-

U74900GJ2014NPL081447

AADHAR HASTA FOUNDATION

08/12/2014

-

U74900GJ2011PTC068295

CHECKMATE CASH MANAGEMENT SERVICES PRIVATE LIMITED

30/09/2014

-

 

 

Name :

Mrs. Sharmila Vikram Mahurkar

Designation :

Director

Address :

Checkmate House, Village Krishnapura At. Post Sindhrot, Vadodara-391330, Gujarat, India

Date of Birth/Age :

13.12.1965

Qualification :

Graduation

Date of Appointment :

30.06.1992

PAN No.:

ABVPM1469R

DIN No:

01352573

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U74920GJ2005PTC045497

CHECKMATE FACILITY AND ELECTRONIC SOLUTIONS PRIVATE LIMITED

30/09/2014

-

U74900GJ2014NPL081447

AADHAR HASTA FOUNDATION

08/12/2014

-

U74900GJ2011PTC068295

CHECKMATE CASH MANAGEMENT SERVICES PRIVATE LIMITED

30/09/2014

-

 

 

KEY EXECUTIVES

 

Name :

Shailja Pandya and Associates

Designation :

Practicing Company Secretary

Address :

1st Floor, Heramb Apartment, No.1 Lakdipool, Near Samir Shah Hospital, Dandiya Bazar, Vadodara - 390001, Gujarat, India

Mob. No:

91-8866193225/ 9898361615

Email:

csshailjapandya@gmail.com

 

 

Name :

Mr. Kapil Ketan Dighe

Designation :

Company Secretary

Address :

204, Tuljabhavani Complex, Opposite Kabir Ashram, Vishwamitri Road, Man Jalpur, Vadodara-390011, Gujarat, India

Date of Appointment :

01.12.2015

PAN No.:

AMVPD1251F

 

 

Name :

Mr. Jigar Shah

Designation :

Account Head

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2017

 

Names of Shareholders

No. of Shares

% of Holding

Vikram Pratapsingh Mahurkar

2550000

51.00

Sharmila Vikram Mahurkar

2450000

49.00

Total

5000000

100.00

 

Equity Share Break up (Percentage of Total Equity)

 

As on: 30.09.2017

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family – Indian)

100.00

Total 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in providing securities services. (Registered Activity)

 

 

Products / Services :

Item Code No.

Products/Services Description

00998523

Guarding

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Banker Name :

Axis Bank Limited

Branch :

RAC Center, 1st Floor, Fortune Tower, Sayaji Gunj, Vadodara-390005, Gujarat, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

  • Bank of Baroda, University Campus Branch, Fatehgunj, Vadodara-390002, Gujarat, India

 

  • IDBI Bank Limited, 1st Floor, Garg Plaza, 46-A, Gautam  Nagar, Near  MGVCL Office, Race Course Road, Vadodara-390007, Gujarat, India

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Short-term borrowings

 

 

Term loans from banks

866.565

835.412

Total

866.565

835.412

 

 

Auditors :

 

Name :

Prakash Chandra Jain and Company

Chartered Accountants

Address :

74-76, Gayatri Chambers, Near Rajpath Hotel, Alkapuri, Vadodara-390005, Gujarat, India

Tel. No:

91-265-2331056/ 2334365

Fax. No:

91-265-2331056

Email:

dcbarjatya@gmail.com

Income-tax PAN of auditor or auditor's firm :

AAEFP3594Q

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Subsidiary:

Checkmate Facility and Electronic Solutions Private Limited (U74920GJ2005PTC045497) 

 

 

Group Companies:

  • Checkmate Services Private Limited
  • Checkmate Cash Management Services Private Limited
  • Checkmate Facility and Electronic Solutions Private Limited
  • Institute of Fire Safety and  Disaster Management Studies

 

 

Other Related Parties:

  • Institute of Fire, Safety and Disaster  Management Studies
  • Checkmate Apparels
  • Aadhar Hasta Foundation

 

 

 

CAPITAL STRUCTURE

 

As on: 30.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5000000

Equity Shares

INR 10/- each

INR 50.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5000000

Equity Shares

INR 10/- each

INR 50.000 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

50.000

50.000

0.050

(b) Reserves & Surplus

996.977

991.398

1.011

(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)

1046.977

1041.398

1.061

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

68.678

48.396

0.047

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

225.638

298.804

0.335

Total Non-current Liabilities (3)

294.316

347.200

0.382

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

866.565

835.412

0.755

(b) Trade payables

0.000

4.800

0.001

(c) Other current liabilities

183.636

182.193

0.283

(d) Short-term provisions

373.048

289.592

0.119

Total Current Liabilities (4)

1423.249

1311.997

1.158

 

 

 

 

TOTAL

2764.542

2700.595

2.601

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

653.398

666.931

0.700

(ii) Intangible Assets

15.271

13.786

0.012

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

5.146

5.121

0.112

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

111.224

111.225

0.105

Total Non-Current Assets

785.039

797.063

0.929

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

1208.955

1257.323

1.082

(d) Cash and cash equivalents

31.484

39.734

0.055

(e) Short-term loans and advances

214.673

220.048

0.234

(f) Other current assets

524.391

386.427

0.301

Total Current Assets

1979.503

1903.532

1.672

 

 

 

 

TOTAL

2764.542

2700.595

2.601

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

5736.325

5776.640

5.391

 

Other Income

0.000

0.000

0.000

 

TOTAL

5736.325

5776.640

5.391

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Employees benefits expense

4918.169

4818.947

4.487

 

Other expenses

460.812

580.035

0.538

 

CSR Expenditure

5.843

0.100

0.000

 

Extraordinary Items

0.000

52.087

0.000

 

TOTAL

5384.824

5451.169

5.025

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

351.501

325.471

0.366

 

 

 

 

 

Less

FINANCIAL EXPENSES

223.970

211.003

0.139

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

127.531

114.468

0.227

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

74.593

86.053

0.050

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

52.938

28.415

0.177

 

 

 

 

 

Less

TAX

47.358

47.724

0.058

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

5.580

(19.309)

0.119

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

1.12

(3.86)

23.81

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

0.000

0.000

0.108

Cash generated from operations

161.398

121.561

0.029

Net cash flows from (used in) operations

NA

NA

NA

Net cash flows from (used in) operating activity

134.321

74.766

(0.022)

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

76.93

79.44

73.26

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

4.74

4.59

4.98

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.00

0.00

0.00

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.53

0.48

0.51

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.51

0.49

0.49

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.83

0.80

0.81

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.36

1.26

1.09

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.64

0.65

0.67

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

1.57

1.54

2.63

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

0.10

(0.33)

2.21

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

0.20

(0.71)

4.58

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

0.53

(1.85)

11.22

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.39

1.45

1.44

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.39

1.45

1.44

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.38

0.39

0.41

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

17.33

16.71

17.26

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.39

1.45

1.44

 

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

0.050

50.000

50.000

Reserves & Surplus

1.011

991.398

996.977

Net worth

1.061

1041.398

1046.977

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

0.755

835.412

866.565

Current maturities of long-term debts

0.108

0.000

0.000

Total borrowings

0.863

835.412

866.565

Debt/Equity ratio

0.813

0.802

0.828

 

 

 

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

5.391

5776.640

5736.325

 

 

1,07,053.404

(0.698)

 

 

 

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

5.391

5776.640

5736.325

Profit/ (Loss)

0.119

(19.309)

5.580

 

2.21%

(0.33%)

0.10%

 

 

 

LEGALS FILE

 

 

 

HIGH COURT OF GUJARAT

SPECIAL CIVIL APPLICATION No. 11436 of 2010

 

 

 

Status : PENDING

( Converted from : ST/8399/2010 )

CCIN No : 001021201011436

 

Last Listing Date:

30/08/2017

Coram

·         HONOURABLE MR.JUSTICE K.M.THAKER

 

S.NO.

Name of the Petitioner

Advocate On Record

1

MANAGER, GUJARAT NARMADA VALLEY FERTILIZERS COMPANY LTD.

NANAVATI ASSOCIATES for: Petitioner(s)

S.NO.

Name of the Respondant

Advocate On Record

1
2
3
4

SECRETARY, GUJARAT WORKING

CLASS UNION,

SECRETARY, G.I.D.C.,

MPLOYEESUNION
CHECKMATE SERVICES PVT. LTD.

ADMINISTRATON, CENTRAL

INVESTIGATION & SECURITY SERVICES LTD

RULE SERVED for :Respondent(s)

MR DS VASAVADA for :Respondent(s)

MR YOGEN N PANDYA for :Respondent(s)

 

Presented On

: 20/07/2010

Registered On

: 20/07/2010

Bench Category

: SINGLE BENCH

District

: VADODARA

Case Originated From

: THROUGH HIS/HER/THEIR ADVOCATE

Listed

: 34 times

StageName

: URGENT MATTER - ON THE TOP OF THE BOARD

 

Classification
  • SJ - LABOUR - INDUSTRIAL DISPUTE ACT, 1947 - AGAINST AWARD

Act
  • CONTRACT LABOUR (REGULATION & ABOLITION) (GUJARAT) RULES, 1972

 

Other Forums

 

S.No.

CASEDETAILS

TRIBUNAL REFERRENCE

ORDER PASSED BY

JUDGEMENT DATE

PLACE

1

NA/28/94

-

-

15/04/2010

VADODARA

Office Details

 

S. No.

Filing Date

Document Name

Advocate Name

Court Fee on Document

Document Details

1

20/07/2010

CERTIFIED COPY

NANAVATI ASSOCIATES ADVOCATE
for PETITIONER(s) Description: http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png1

2

NANAVATI ASSOCIATES:1

2

20/07/2010

VAKALATNAMA

NANAVATI ASSOCIATES ADVOCATE
for PETITIONER(s) Description: http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png1

5

NANAVATI ASSOCIATES:1

3

20/07/2010

MEMO OF PETITION/APPEAL/SUIT

NANAVATI ASSOCIATES ADVOCATE
for PETITIONER(s) Description: http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png1

100

NANAVATI ASSOCIATES:1

4

15/08/2010

VAKALATNAMA

MR DS VASAVADA ADVOCATE
for RESPONDENT(s) Description: http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png2

4

MR DS VASAVADA:2

5

15/08/2010

VAKALATNAMA

NANAVATI ASSOCIATES ADVOCATE
for PETITIONER(s) Description: http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png1

-

NANAVATI ASSOCIATES:1

6

15/08/2010

DOCUMENT

RULE SERVED
for RESPONDENT(s) Description: http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png1

-

RULE SERVED:1,3-4-2

7

13/01/2011

VAKALATNAMA

MR DS VASAVADA ADVOCATE
for RESPONDENT(s) Description: http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png2

5

MR DS VASAVADA:2

8

18/01/2011

AFFIDAVIT IN REPLY

MR DS VASAVADA ADVOCATE
for RESPONDENT(s) Description: http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png2

0

MR DS VASAVADA:2

9

15/03/2017

VAKALATNAMA

MR GM JOSHI ADVOCATE
for RESPONDENT(s) Description: http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png1

5

MR GM JOSHI(370) for R:1

10

14/07/2017

VAKALATNAMA

MR YOGEN N PANDYA ADVOCATE
for RESPONDENT(s) Description: http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png1

 

 

 

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

No

31

External Agency Rating, if available

Yes

32

Litigations that the firm/promoter involved in

Yes

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

NOTE: Registered office of the company has been shifted from “Budhrani Building-G, Dalal Road, Opposite State Bank of India, Fatehgunj, Vadodara – 390002, Gujarat, India“ to the present address w.e.f. 01.11.2009.

 

 

INDEX OF CHARGES

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

C76763333

10615178

Axis Bank Limited

29/12/2015

-

-

1807200.0

RAC CENTER, 1ST FLOOR FORTUNE TOWERSAYAJIGUNJVadodaraGJ390005IN

2

C76447838

10614491

Axis Bank Limited

11/12/2015

-

-

2370964.0

RAC CENTER, 1ST FLOOR FORTUNE TOWERSAYAJIGUNJVadodaraGJ390005IN

3

C72655459

10606889

Axis Bank Limited

26/11/2015

-

-

3747976.0

RAC CENTER, 1ST FLOOR FORTUNE TOWERSAYAJIGUNJVadodaraGJ390005IN

4

C72654288

10606888

Axis Bank Limited

10/11/2015

-

-

6814534.0

RAC CENTER, 1ST FLOOR FORTUNE TOWERSAYAJIGUNJVadodaraGJ390005IN

5

C67356493

10597183

BANK OF BARODA

30/09/2015

-

-

60000000.0

UNIVERSITY CAMPUS BRANCH,FATEHGUNJBARODAGJ390002IN

6

C67357434

10569582

BANK OF BARODA

06/05/2015

01/10/2015

-

1368000000.0

UNIVERSITY CAMPUS BRANCHFATEHGUNJBARODAGJ390002IN

7

C45854262

10553566

IDBI Bank Limited

03/03/2015

-

-

1200000000.0

1ST FLOOR, GARG PLAZA, 46-A, GAUTAM NAGAR,NR. MGVCL OFFICE, RACE COURSE ROADVADODARAGJ390007IN

8

C42941765

10547898

Axis Bank Limited

22/01/2015

-

-

2747000.0

3rd Floor, Opp. samartheshwar Temple, Law Garden,Ellis BridgeAhmedabadGJ380006IN

9

C38937355

10540110

Axis Bank Limited

24/12/2014

-

-

23262744.0

3rd Floor, Opp. samartheshwar Temple, Law Garden,Ellis BridgeAhmedabadGJ380006IN

10

C18530428

10516927

Axis Bank Limited

14/08/2014

-

-

2094400.0

3rd Floor, Opp. samartheshwar Temple, Law Garden,Ellis BridgeAhmedabadGJ380006IN

 

 

 

FIXED ASSETS

  • Land
  • Building
  • Furniture and Fixture
  • Computer
  • Plant and Machinery
  • Vehicle
  • Office equipment
  • Computer Accessories
  • 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, India Prisons Service, Interpol, etc.

 

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

UK Pound

1

INR 89.50

Euro

1

INR 64.14

 

 

INFORMATION DETAILS

 

Information Gathered by :

PNM

 

 

Analysis Done by :

VRS

 

 

Report Prepared by :

MTN

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--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)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.