|
|
|
MIRA INFORM REPORT
|
Report No. : |
490927 |
|
Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
BOTHARA AGRO EQUIPMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-16, M.I.D.C., Ahmednagar – 414111, |
|
Mobile No.: |
91-9403961545 (Mr. Pritesh) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
24.08.1994 |
|
|
|
|
Com. Reg. No.: |
11-080577 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 2.518 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29219PN1994PTC080577 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TIN No.: |
27380005850 |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB2652D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Sprinkler System and Rigid PVC Pipe, HDPE Pipe, Column
Pipe and Plumbing System. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1994 and it
is having good track records. For the financial year 2017, the company has marginal declined in its
revenue from operation as compared to previous year and maintained average
profitability margin of 3.42%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and average debt balance sheet. Further, rating also reflects from its established track records
business operations and market position. However, rating strength is partially by marginal declined in the
business revenue as well as profitability profile during the year. Trade relations are reported as fair. Business is active. Payments
terms are seem to be regular. 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.
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
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Pritesh |
|
Designation : |
Marketing Head |
|
Contact No.: |
91-9403961545 |
|
Date : |
08.02.2018 |
LOCATIONS
|
Registered Office/ Factory 1 : |
B-16, M.I.D.C., Ahmednagar – 414111, Maharashtra, India |
|
Tel. No.: |
91-241-2778125 |
|
Mobile No.: |
91-9403961545 (Mr. Pritesh) |
|
Fax No.: |
91-241-2778125 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2 : |
A-13/1/1, M.I.D.C., Ahmednagar – 414 111, |
|
Tel. No.: |
91-241-2551932 |
|
Fax No.: |
91-241-2551624 |
|
|
|
|
Correspondence Address : |
Bothara Compound, Industrial Estate, Nagar Pune Road, Ahmednagar – 414
005, Maharashtra, India |
|
Tel. No.: |
91-241-2551932/ 2551140/
2551466 |
|
Fax No.: |
91-241-2551624 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Santosh Manakchand Bothara |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Manisha, Opposite Poonam Moti Nagar, Behind Market Yard, Ahmednagar –
414 001, |
||||||||
|
Date of Birth/Age : |
16.10.1967 |
||||||||
|
Qualification : |
B.Com, D.T.L. |
||||||||
|
Date of Appointment : |
24.08.1994 |
||||||||
|
PAN No.: |
AEHPB8566K |
||||||||
|
DIN No.: |
00111023 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Manakchand Ghewarchand Bothara |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Manisha, Opposite Poonam Moti Nagar, Behind Market Yard, Ahmednagar –
414 001, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
01.06.1942 |
||||||||
|
Date of Appointment : |
24.08.1994 |
||||||||
|
PAN No.: |
AAUPB8111H |
||||||||
|
DIN No.: |
00111326 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Pranesh Pemraj Bothara |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Plot No 2 Manisha, Market Yard Road Opposite Poonam Moti
Nagar, Ahmednagar- 414001, Maharashtra, India |
||||||||
|
Date of Appointment : |
22.08.2016 |
||||||||
|
DIN No.: |
07548771 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Ronak Santoshkumar Bothara |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Plot No 2 Manisha, Market Yard Road Opposite Poonam Moti
Nagar, Ahmednagar- 414001, Maharashtra, India |
||||||||
|
Date of Appointment : |
22.08.2016 |
||||||||
|
DIN No.: |
07592654 |
||||||||
KEY EXECUTIVES
|
Name : |
Mr. Pritesh |
|
Designation : |
Marketing Head |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Manakchand Bothara jointly with Santosh Bothara |
|
3350 |
|
Santosh Bothara jointly with Sangita Bothara |
|
4750 |
|
Leena Bothara jointly with Premraj Bothara |
|
100 |
|
Pratibha Bothara jointly with Satish Bothara |
|
100 |
|
Preksha Pemraj Bothara |
|
1000 |
|
Pemraj Bothara jointly with Leena Bothara |
|
4150 |
|
Satish Bothara jointly with Pemraj Bothara |
|
3750 |
|
Pranesh Pemraj Bothara (Through Guardian) |
|
1000 |
|
Satish Bothara (HUF) jointly with Pratibha S. Bothara |
|
150 |
|
Santosh Bothara (HUF) jointly with Sangita Bothara |
|
150 |
|
Pemraj Bothara (HUF) jointly with Leena P. Bothara |
|
180 |
|
Pemraj Bothara |
|
750 |
|
Manakchand Bothara |
|
3450 |
|
Santosh Bothara |
|
1550 |
|
Satish Bothara |
|
750 |
|
Total |
|
25180 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
52.62 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
47.38 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sprinkler System and Rigid PVC Pipe, HDPE Pipe, Column
Pipe and Plumbing System. [Registered activity and also confirmed by management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Cash, Advance Payment, Cheque and Credit |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cash, Advance Payment, Cheque and Credit |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Customers : |
Retailers, End Users
|
||||||||||||||||||||||
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|
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No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
M. S. Barmecha and Company Chartered Accountants |
|
Address : |
201/B, Mutha Chambers, Market Yard Road, Ahmednagar-414001, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AEHPB8677D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprise where
Key Management
Personnel and their Relatives excrcise significant influence: |
|
|
|
|
|
Others : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 100/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25180 |
Equity Shares |
INR 100/- each |
INR 2.518 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 |
2.518 |
2.518 |
2.518 |
|
(b) Reserves and Surplus |
248.952 |
203.807 |
153.740 |
|
(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) |
251.470 |
206.325 |
156.258 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
485.978 |
402.992 |
404.425 |
|
(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) |
485.978 |
402.992 |
404.425 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
35.187 |
24.922 |
4.941 |
|
(b) Trade
payables |
125.189 |
73.404 |
123.048 |
|
(c) Other
current liabilities |
50.530 |
50.038 |
57.692 |
|
(d) Short-term
provisions |
3.428 |
3.335 |
2.789 |
|
Total Current
Liabilities (4) |
214.334 |
151.699 |
188.470 |
|
|
|
|
|
|
TOTAL |
951.782 |
761.016 |
749.153 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
336.759 |
177.753 |
172.553 |
|
(ii)
Intangible Assets |
0.067 |
0.074 |
0.123 |
|
(iii) Tangible assets
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 |
0.250 |
0.250 |
0.250 |
|
(c) Deferred tax assets (net) |
18.531 |
13.489 |
13.963 |
|
(d)
Long-term loans and advances |
4.436 |
3.887 |
4.141 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
360.043 |
195.453 |
191.030 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
261.248 |
164.564 |
208.147 |
|
(c) Trade
receivables |
273.416 |
364.050 |
311.543 |
|
(d) Cash and
bank balances |
24.763 |
18.346 |
17.169 |
|
(e)
Short-term loans and advances |
15.435 |
7.170 |
4.944 |
|
(f) Other current
assets |
16.877 |
11.433 |
16.320 |
|
Total
Current Assets |
591.739 |
565.563 |
558.123 |
|
|
|
|
|
|
TOTAL |
951.782 |
761.016 |
749.153 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1325.274 |
1387.816 |
1256.662 |
|
|
Other Income |
1.922 |
4.715 |
1.932 |
|
|
TOTAL |
1327.196 |
1392.531 |
1258.594 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1011.191 |
955.756 |
976.384 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(108.705) |
51.624 |
(36.531) |
|
|
Employee benefit expense |
115.382 |
96.947 |
74.472 |
|
|
Other expenses |
174.969 |
153.085 |
137.205 |
|
|
TOTAL |
1192.837 |
1257.412 |
1151.530 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
134.359 |
135.119 |
107.064 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
50.014 |
45.121 |
36.506 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
84.345 |
89.998 |
70.558 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
31.649 |
27.411 |
40.110 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
52.696 |
62.587 |
30.448 |
|
|
|
|
|
|
|
Less |
TAX |
7.315 |
14.749 |
7.131 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
45.381 |
47.838 |
23.317 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
447.932 |
294.100 |
341.874 |
|
|
Capital Goods |
9.532 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
457.464 |
294.100 |
341.874 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1802.26 |
1899.84 |
926.01 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
6.524 |
14.397 |
12.996 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
249.965 |
70.670 |
54.645 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
235.978 |
55.061 |
46.558 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
75.30 |
95.75 |
90.49 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.85 |
3.81 |
4.03 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
45.19 |
28.03 |
46.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.51 |
0.82 |
0.51 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.40 |
0.76 |
0.62 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.74 |
0.75 |
0.81 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.10 |
2.14 |
2.70 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.85 |
0.74 |
1.21 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.34 |
0.86 |
1.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.69 |
2.99 |
2.93 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.42 |
3.45 |
1.86 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.77 |
6.29 |
3.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
18.05 |
23.19 |
14.92 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.76 |
3.73 |
2.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.54 |
2.64 |
1.86 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.26 |
0.27 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
209.57 |
175.66 |
167.74 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.76 |
3.73 |
2.96 |
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 |
2.518 |
2.518 |
2.518 |
|
Reserves & Surplus |
153.740 |
203.807 |
248.952 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
156.258 |
206.325 |
251.470 |
|
|
|
|
|
|
Long-term borrowings |
404.425 |
402.992 |
485.978 |
|
Short term borrowings |
4.941 |
24.922 |
35.187 |
|
Current maturities of
long-term debts |
12.996 |
14.397 |
6.524 |
|
Total
borrowings |
422.362 |
442.311 |
527.689 |
|
Debt/Equity
ratio |
2.703 |
2.144 |
2.098 |
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 |
1256.662 |
1387.816 |
1325.274 |
|
|
|
10.437 |
(4.507) |
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 |
1256.662 |
1387.816 |
1325.274 |
|
Profit/ (Loss) |
23.317 |
47.838 |
45.381 |
|
|
1.86
% |
3.45
% |
3.42
% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
The main activity of the Company is manufacturing of PVC pipes, Fittings and Drip Irrigation system having its registered Office at Plot No. B - 16, M. I. D. C. Ahmednagar - 414 111.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from directors |
351.063 |
273.234 |
|
Loans and advances from others |
123.492 |
129.758 |
|
Total |
474.555 |
402.992 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G12580684 |
10512543 |
HDFC BANK LIMITED |
01/08/2014 |
15/09/2016 |
- |
218690000.0 |
HDFC BANK HOUSESENAPATI
BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G51567550 |
10230904 |
HDFC BANK LIMITED |
30/06/2010 |
24/03/2017 |
- |
273690000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
B77161545 |
10215828 |
THE AHMEDNAGAR
MERCHANT'S CO-OP. BANK LIMITED |
15/02/2010 |
- |
10/06/2013 |
32250000.0 |
MARKET
YARDAHMEDNAGARMH414001IN |
|
4 |
B77159895 |
10235848 |
THE AHMEDNAGAR
MERCHANT'S CO-OP. BANK LIMITED |
08/10/2009 |
- |
10/06/2013 |
20000000.0 |
GULMOHAR ROAD BRANCHPATRAKAR
CHOWK, SAVEDI ROADAHMEDNAGARMH414001IN |
|
5 |
B59072025 |
90092315 |
CITICORP FINANCE
INDIA LTD |
07/10/2003 |
- |
13/09/2012 |
429066.0 |
CITICORP CENTER ;
5TH FLOOR 'G' BLOCKBANDRA KURLA COMLEXBOMBAYMH400051IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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 64.16 |
|
|
1 |
INR 89.19 |
|
Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
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.