|
|
|
MIRA INFORM REPORT
|
Report No. : |
490924 |
|
Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
LEELA TRADE STEEL AND COMMODITIES INDIA PRIVATE LIMITED (w.e.f
09.09.2011) |
|
|
|
|
Formerly Known
As : |
LEELA TRADSTEEL AND ALLOY PRIVATE LIMITED |
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|
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|
Registered
Office : |
Office No. 215/16/17, IInd Floor, Kohinoor Arcade, Sector 24,
Pune-Bombay Road, Tilak Chowk, Nigdi, Pune – 411044, Maharashtra |
|
Tel. No.: |
91-20-27640633 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
18.04.2005 |
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|
|
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Com. Reg. No.: |
11-020582 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 73.852 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27106PN2005PTC020582 |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm
does not have export and import) |
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|
|
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TIN No.; |
27740392682 |
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|
|
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GSTIN/UIN: |
27AABCL0920C1Z5 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AABCL0920C |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Trader of
ferrous and non-ferrous scrap sheets. [Registered activity and also confirmed
by management] |
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|
|
|
No. of Employees
: |
35 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2005 and it is engaged in trader of ferrous and non-ferrous scrap sheets. As per financials of march 2017, the company has registered a growth of 32.28% in its revenue as compared to its previous year’s revenue and has reported average profit margin of 1.30%. Rating takes into consideration the company’s satisfactory track record of business operations marked by sound net worth base along with average debt coverage indicators and decent liquidity position. Further, the company has reported earnings per share of INR 4.10 against its face value of INR 10. Payments seem to be slow but 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 rating: BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
05.04.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
05.04.2017 |
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 09.02.2018
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. Kulkarni |
|
Designation : |
Accountant |
|
Contact No.: |
91-9850039049 |
|
Date : |
08.02.2018 |
LOCATIONS
|
Registered Office : |
Office No. 215/16/17, IInd Floor, Kohinoor Arcade, Sector 24, Pune-Bombay
Road, Tilak Chowk, Nigdi, Pune – 411044, Maharashtra, India |
|
Tel. No.: |
91-20-27640644/27640633 |
|
Mobile No.: |
91-9822454666 (Mr. Pritesh Futarmalji Mehta) |
|
Fax No.: |
91-20-27641744 |
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E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Pritesh Futarmalji Mehta |
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|
Designation : |
Director |
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|
Address : |
Sector 24, Plot 82/84, Apurva Garden, S. No. 110, Pradhikaran, Nigdi,
Pune – 411044, Maharashtra, India |
||||||||||||||||||||||||
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Qualification: |
B.Com |
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Date of Appointment : |
18.04.2005 |
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PAN No.: |
AJYPM9525D |
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DIN No.: |
02037850 |
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Other Directorship:
|
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|
||||||||||||||||||||||||
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Name : |
Mr. Ritesh Futarmalji Mehta |
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Designation : |
Director |
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|
Address : |
Off. 217, SCD 2, SCT 24, Tilak Chowk, Kohinoor Arcad, Nigadi, Pune - 411044,
Maharashtra, India |
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|
Qualification: |
B.Com |
||||||||||||||||||||||||
|
Date of Appointment : |
18.04.2005 |
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PAN No.: |
AHUPM7258H |
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DIN No.: |
02037851 |
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Other Directorship:
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||||||||||||||||||||||||
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Name : |
Mr. Kamleshkumar Futarmal Mehta |
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Designation : |
Director |
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Address : |
4145, Chinch Road, Barshi, Solapur - 413401, Maharashtra, India |
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|
Date of Appointment : |
18.04.2005 |
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PAN No.: |
AAYPM7787Q |
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DIN No.: |
02047745 |
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Other Directorship:
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|
||||||||||||||||||||||||
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Name : |
Mr. Futarmal Mulchand Mehta |
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Designation : |
Director |
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Address : |
4145, Chinch Road, Barshi, Solapur - 413401, Maharashtra, India |
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|
Date of Appointment : |
18.04.2005 |
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PAN No.: |
AAYPM7786R |
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DIN No.: |
02438829 |
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|
||||||||||||||||||||||||
|
Name : |
Ms. Leeladevi Futermalji Mehta |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
4145, Chinch Road, Barshi, Solapur - 413401, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Appointment : |
18.04.2005 |
||||||||||||||||||||||||
|
PAN No.: |
AMMPM4717C |
||||||||||||||||||||||||
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DIN No.: |
02438844 |
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KEY EXECUTIVES
|
Name : |
Tanya Asknani |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. G1, Regency Sevakshree, 583A Mahalaxmi Naga,
Indore -452010, Madhya Pradesh, India |
|
Date of Appointment : |
04.12.2017 |
|
PAN No.: |
BKSPA7601L |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Futarmalji Mehta |
|
1055025 |
|
Leela Devi Mehta |
|
1055025 |
|
Kamlesh Mehta |
|
1055026 |
|
Pritesh Mehta |
|
1055026 |
|
Ritesh Mehta |
|
1055026 |
|
Disha Mehta |
|
1055026 |
|
Dimple Mehta |
|
1055026 |
|
|
|
|
|
Total |
|
7385180 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Trader of
ferrous and non-ferrous scrap sheets. [Registered activity and also confirmed
by management] |
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Products / Services
: |
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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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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Advance Payment and Cheque |
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Purchasing : |
Cash, Advance Payment and Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, End Users
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No. of Employees : |
35 (Approximately) |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
AGH and Associates Chartered Accountants |
|
Address : |
Office No 7, Kunal Puram Commercial Complex, Opposite Atlas Copco, Dapodi, Pune – 411012, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABDFA0062C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
|
|
|
|
Other related party
: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7385180 |
Equity Shares |
INR 10/- each |
INR 73.852 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 |
73.852 |
73.852 |
73.852 |
|
(b) Reserves &
Surplus |
221.420 |
198.180 |
164.960 |
|
(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) |
295.272 |
272.032 |
238.812 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
125.735 |
79.383 |
76.373 |
|
(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) |
125.735 |
79.383 |
76.373 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
690.860 |
613.234 |
618.147 |
|
(b) Trade payables |
315.898 |
123.386 |
31.081 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.702 |
|
(d) Short-term provisions |
4.757 |
3.126 |
1.667 |
|
Total Current Liabilities
(4) |
1011.515 |
739.746 |
651.597 |
|
|
|
|
|
|
TOTAL |
1432.522 |
1091.161 |
966.782 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
87.271 |
92.625 |
94.197 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.220 |
0.624 |
1.413 |
|
(d) Long-term Loan and Advances |
1.261 |
1.037 |
0.971 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
88.752 |
94.286 |
96.581 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
4.530 |
2.533 |
1.364 |
|
(b) Inventories |
395.026 |
344.318 |
346.586 |
|
(c) Trade receivables |
928.539 |
640.190 |
513.350 |
|
(d) Cash and cash
equivalents |
5.408 |
5.531 |
3.355 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
10.267 |
4.303 |
5.546 |
|
Total Current Assets |
1343.770 |
996.875 |
870.201 |
|
|
|
|
|
|
TOTAL |
1432.522 |
1091.161 |
966.782 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2333.811 |
1764.318 |
1669.592 |
|
|
Other Income |
0.267 |
1.684 |
0.599 |
|
|
TOTAL |
2334.078 |
1766.002 |
1670.191 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
2116.683 |
1513.748 |
1416.084 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(50.707) |
2.268 |
(10.915) |
|
|
Employees benefits
expense |
26.929 |
31.692 |
31.105 |
|
|
Other expenses |
94.152 |
83.050 |
79.444 |
|
|
TOTAL |
2187.057 |
1630.758 |
1515.718 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
147.021 |
135.244 |
154.473 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
94.537 |
78.519 |
101.325 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
52.484 |
56.725 |
53.148 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.286 |
7.180 |
4.608 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
45.198 |
49.545 |
48.540 |
|
|
|
|
|
|
|
Less |
TAX |
14.912 |
16.326 |
11.755 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
30.286 |
33.219 |
36.785 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.10 |
4.50 |
4.98 |
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 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(4.348) |
103.226 |
96.272 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(25.902) |
87.690 |
83.167 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
145.22 |
132.44 |
112.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.51 |
2.76 |
3.25 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
54.47 |
29.75 |
8.01 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.37 |
0.39 |
0.45 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.68 |
1.46 |
1.64 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.79 |
0.75 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.77 |
2.55 |
2.91 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.43 |
2.72 |
2.73 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.30 |
0.34 |
0.39 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.56 |
1.72 |
1.52 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.30 |
1.88 |
2.20 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.11 |
3.04 |
3.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.26 |
12.21 |
15.40 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.33 |
1.35 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.94 |
0.88 |
0.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.21 |
0.25 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
11.06 |
9.38 |
9.40 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.33 |
1.35 |
1.34 |
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 |
73.852 |
73.852 |
73.852 |
|
Reserves & Surplus |
164.960 |
198.180 |
221.420 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
238.812 |
272.032 |
295.272 |
|
|
|
|
|
|
Long Term borrowings |
76.373 |
79.383 |
125.735 |
|
Short Term borrowings |
618.147 |
613.234 |
690.860 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
694.520 |
692.617 |
816.595 |
|
Debt/Equity
ratio |
2.908 |
2.546 |
2.766 |
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
|
1669.592 |
1764.318 |
2333.811 |
|
|
|
5.674 |
32.278 |
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
|
1669.592 |
1764.318 |
2333.811 |
|
Profit |
36.785 |
33.219 |
30.286 |
|
|
2.20% |
1.88% |
1.30% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
Yes |
|
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 |
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
113.344 |
0.000 |
|
Loans and advances from related parties |
0.000 |
63.782 |
|
Other loans and advances, others |
12.391 |
9.357 |
|
Total |
125.735 |
73.139 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G70612148 |
100127896 |
YES BANK LIMITED |
21/07/2017 |
13/11/2017 |
- |
250000000.0 |
GALAXY SOCIETY,
DHOLE PATIL ROADBUND GARDENPUNEMH411001IN |
|
2 |
G45511086 |
100101850 |
THE COSMOS
CO-OPERATIVE BANK LIMITED |
27/03/2017 |
- |
- |
20000000.0 |
COSMOS TOWER, PLOT
NO-6, ICS COLONYUNIVERSITY ROAD, GANESHKHIND, SHIVAJINAGARPUNEMH411007IN |
|
3 |
G15894058 |
100055260 |
THE COSMOS
CO-OPERATIVE BANK LIMITED |
25/08/2016 |
- |
- |
30000000.0 |
COSMOS TOWER, PLOT
NO-6, ICS COLONYUNIVERSITY ROAD, GANESHKHIND, SHIVAJINAGARPUNEMH411007IN |
|
4 |
C59424184 |
10581458 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
25/06/2015 |
- |
- |
25000000.0 |
HEAD OFFICE
269/270SHANIWAR PETHPUNEMH411030IN |
|
5 |
C35859917 |
10534707 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
21/10/2014 |
- |
- |
20000000.0 |
269/270SHANIWAR
PETHPUNEMH411030IN |
|
6 |
B92697713 |
10459896 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
22/10/2013 |
03/12/2013 |
- |
75000000.0 |
269/270SHANIWAR
PETHPUNEMH411030IN |
|
7 |
G55490395 |
10425050 |
THE COSMOS
CO-OPERATIVE BANK LIMITED |
17/04/2013 |
13/07/2017 |
- |
857500000.0 |
COSMOS TOWER, PLOT
NO-6, ICS COLONYUNIVERSITY ROAD, GANESHKHIND, SHIVAJINAGARPUNEMH411007IN |
|
8 |
B75308981 |
10362969 |
BANK OF INDIA |
18/06/2012 |
01/01/2013 |
14/05/2013 |
400000000.0 |
PIMPRI
BRANCHPIMPRIPUNEMH411018IN |
|
9 |
B75309351 |
10362964 |
BANK OF INDIA |
18/06/2012 |
- |
14/05/2013 |
17500000.0 |
PIMPRI
BRANCHPIMPRIPUNEMH411019IN |
|
10 |
B75309815 |
10362968 |
BANK OF INDIA |
18/06/2012 |
- |
14/05/2013 |
20000000.0 |
PIMPRI
BRANCHPIMPRIPUNEMH411018IN |
FIXED ASSETS:
Tangible assets
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
· Computer equipments
·
Vehicles
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 : |
SHW |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
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.