|
|
|
MIRA INFORM REPORT
|
Report No. : |
490787 |
|
Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
MAS ENTERPRISES LIMITED |
|
|
|
|
Registered
Office : |
X/563, P.B No:1, MAS Building, Vandanmedu, Idukki District-
685551, Kerala |
|
Tel. No.: |
91- 484-2988100, 2988101 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
16.05.1994 |
|
|
|
|
Com. Reg. No.: |
09-007918 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 92.260 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15495KL1994PLC007918 |
|
|
|
|
IEC No.: |
1095006827 |
|
|
|
|
GSTIN: |
32AABCM4605M1ZM |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM4605M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in business as auctioneers, manufactures, dealers, distributors, agents, buyers, sellers, traders, producers, importers and exporters of spices, spice oil and oleoresins, chemicals, fertilizers, pesticides, agricultural implements, irrigation equipments, motors and other electrical items. (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 |
|
Maximum Credit Limit : |
USD 1800000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Mas Enterprises Limited was incorporated in the year 1994. The company
exports spices, predominantly cardamom and also trades in fast-moving
consumer goods, such as curry powder and jams, under the brand name of “Palat
and Mas”. For the financial year 2017, the revenue of the company has increased
by 20.25% but has reported low profit margin of 0.77%. 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 operations along with extensive experience of its promoters. 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 (Issuer Not Cooperating) (B-) |
|
Rating Explanation |
Risk-prone-credit-quality and carries very high credit risk. |
|
Date |
26.07.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term (Issuer Not Cooperating) (A4) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
26.07.2017 |
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 DENIED BY
|
Name : |
Ms. Jasi |
|
Designation : |
Office Executive |
|
Contact No.: |
91-4868-277077/ 2988100 |
|
Date : |
08.02.2018 |
|
Name : |
Mr. Anoop Mathew |
|
Designation : |
Director |
|
Contact No.: |
91-9447722242 |
|
Date : |
08.02.2018 |
LOCATIONS
|
Registered/ Corporate Office : |
X/563, P.B No:1, MAS Building, Vandanmedu, Idukki
District- 685551, Kerala, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9447722242 (Mr. Anoop Mathew) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Admin Office : |
3/G, 3rd Floor, BCG Residency Tower, Opposite
CSEZ, Seaport Airport Road, Kakkanad, Cochin – 682037, Kerala, India |
|
Tel. No.: |
91- 484-2988100, 2988101 |
|
Fax No.: |
91-484-2988104 |
|
|
|
|
Branch Office 1: |
904/B, Thuthiyoor, Kakkanad, Cochin – 682037, Kerala, India |
|
|
|
|
Branch Office 2: |
29, VOC Nagar, Jeeanlal Building, Bodinayakanur, Theni -625513, Tamilnadu, India |
|
|
|
|
Branch Office 3: |
W/25, D/40/A, Nandagopala Swami Kovil Street, Cumbum, Theni, Tamilnadu, India |
|
|
|
|
Branch Office 4: |
3/H, 3rd Floor, BCG Residency Tower, Opposite Csez, Kakkanad, Cochin -682037, Kerala, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Jose Thomas Thachedathu |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
Thachedathu, Chettukuzhy, Kochara P.O, Idukki-685551, Kerala, India |
||||||||||||||||
|
Date of Birth/Age : |
20.10.1955 |
||||||||||||||||
|
Date of Appointment : |
16.05.1994 |
||||||||||||||||
|
DIN No: |
00391135 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Anjo Thachadathu Jose |
||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||
|
Address : |
42/A, Thachedathu, Chettukuzhy, Kochara P.O, Idukki-685551, Kerala, India |
||||||||||||||||
|
Date of Birth/Age : |
19.04.1978 |
||||||||||||||||
|
Date of Appointment : |
31.10.2007 |
||||||||||||||||
|
DIN No: |
00480054 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Kathirvel Durai Chamy |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
D4/W6, Middle Street, Melagudalur, Cumbum, Theni, District Cumbum-626518, Tamilnadu, India |
||||||||||||||||
|
Date of Birth/Age : |
06.02.1972 |
||||||||||||||||
|
Date of Appointment : |
01.10.2014 |
||||||||||||||||
|
DIN No: |
05194664 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Ancy Jose |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Thachadathu Veedu, Kochera P.O, Chettukuzhy, Idukki-685551, Kerala, India |
||||||||||||||||
|
Date of Birth/Age : |
04.04.1957 |
||||||||||||||||
|
Date of Appointment : |
26.08.2013 |
||||||||||||||||
|
DIN No: |
06673425 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Anoop Mathew |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Pulickathazhe House, Vallakkadavu, Kadamakuzhy P. O., Idukki-685515 , Kerala, India |
||||||||||||||||
|
Date of Birth/Age : |
28.10.1985 |
||||||||||||||||
|
Date of Appointment : |
26.02.2016 |
||||||||||||||||
|
DIN No: |
07451871 |
||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Jasi |
|
Designation : |
Office Executive |
|
|
|
|
Name : |
Pothumuriyil Varghese Paulose |
|
Designation : |
Practicing Company Secretary |
|
PAN No: |
ABDPP1431E |
MAJOR SHAREHOLDERS
As on 31.03.2017
Note: SHAREHOLDER FILES DETAILS ARE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
16.11 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
83.89 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject is engaged in business as auctioneers, manufactures, dealers, distributors, agents, buyers, sellers, traders, producers, importers and exporters of spices, spice oil and oleoresins, chemicals, fertilizers, pesticides, agricultural implements, irrigation equipments, motors and other electrical items. (Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Palat and Mas |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Merlin Jacob and Associates Chartered Accountants |
|
Address : |
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AOVPM0572N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate |
|
CAPITAL STRUCTURE
As on: 30.09.2017
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 |
|
|
|
|
|
|
9925997 |
Equity Shares |
INR 10/- each |
INR 99.260 Million |
FINANCIAL DATA
[all figures are in
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
99.260 |
99.260 |
99.260 |
|
(b) Reserves and Surplus |
541.607 |
502.565 |
467.576 |
|
(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) |
640.867 |
601.825 |
566.836 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
87.113 |
26.584 |
42.567 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
54.668 |
34.516 |
35.774 |
|
(d) long-term provisions |
0.758 |
0.758 |
1.276 |
|
Total Non-current
Liabilities (3) |
142.539 |
61.858 |
79.617 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
433.103 |
385.216 |
315.017 |
|
(b) Trade
payables |
83.807 |
82.148 |
72.654 |
|
(c) Other
current liabilities |
29.915 |
20.403 |
45.094 |
|
(d) Short-term
provisions |
9.799 |
8.244 |
7.615 |
|
Total Current
Liabilities (4) |
556.624 |
496.011 |
440.380 |
|
|
|
|
|
|
TOTAL |
1340.030 |
1159.694 |
1086.833 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
255.787 |
252.116 |
261.647 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
7.078 |
1.649 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.126 |
0.126 |
0.126 |
|
(c) Deferred tax assets (net) |
2.653 |
1.923 |
0.845 |
|
(d)
Long-term loans and advances |
26.403 |
16.072 |
24.612 |
|
(e) Other Non-current
assets |
58.425 |
15.511 |
38.134 |
|
Total Non-Current
Assets |
350.472 |
287.397 |
325.364 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.003 |
0.003 |
0.003 |
|
(b)
Inventories |
198.156 |
155.056 |
133.268 |
|
(c) Trade
receivables |
532.686 |
465.381 |
443.349 |
|
(d) Cash and
bank balances |
20.299 |
20.261 |
12.930 |
|
(e)
Short-term loans and advances |
231.367 |
226.147 |
168.759 |
|
(f) Other
current assets |
7.047 |
5.449 |
3.160 |
|
Total
Current Assets |
989.558 |
872.297 |
761.469 |
|
|
|
|
|
|
TOTAL |
1340.030 |
1159.694 |
1086.833 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
5055.019 |
4203.753 |
3903.377 |
|
|
Other Income |
1.038 |
1.549 |
0.364 |
|
|
TOTAL |
5056.057 |
4205.302 |
3903.741 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
4865.243 |
3961.831 |
3676.421 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(42.903) |
(21.992) |
15.490 |
|
|
Employee benefit expense |
17.731 |
14.464 |
30.129 |
|
|
Other expenses |
106.162 |
147.925 |
79.935 |
|
|
TOTAL |
4946.233 |
4102.228 |
3801.975 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
109.824 |
103.074 |
101.766 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
54.713 |
50.901 |
53.098 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
55.111 |
52.173 |
48.668 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
11.124 |
12.853 |
11.017 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
43.987 |
39.320 |
37.651 |
|
|
|
|
|
|
|
Less |
TAX |
4.945 |
4.331 |
4.876 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
39.042 |
34.989 |
32.775 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
1195.123 |
1167.872 |
898.665 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.94 |
3.53 |
3.30 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
2.652 |
2.004 |
41.594 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
46.722 |
23.574 |
70.220 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
109.789 |
(16.290) |
34.388 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
38.46 |
40.41 |
41.46 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
9.49 |
9.03 |
8.80 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors / Purchases
* 365] |
|
6.29 |
7.57 |
7.21 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.55 |
0.66 |
0.76 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.42 |
0.41 |
0.39 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.48 |
0.45 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / Net Worth) |
|
0.82 |
0.69 |
0.70 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
0.87 |
0.82 |
0.78 |
|
|
|
|
|
|
|
Fixed Assets to Net Worth (Net Fixed Assets
/ Net Worth) |
|
0.41 |
0.42 |
0.46 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
2.01 |
2.02 |
1.92 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
0.77 |
0.83 |
0.84 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
2.91 |
3.02 |
3.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / Net
Worth) * 100] |
(%) |
6.09 |
5.81 |
5.78 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.78 |
1.76 |
1.73 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.42 |
1.45 |
1.43 |
|
|
|
|
|
|
|
G-Score Ratio Financial [Net Worth / Total
Assets] |
|
0.48 |
0.52 |
0.52 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
5.27 |
4.17 |
4.02 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.78 |
1.76 |
1.73 |
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 |
99.260 |
99.260 |
99.260 |
|
Reserves & Surplus |
467.576 |
502.565 |
541.607 |
|
Net
worth |
566.836 |
601.825 |
640.867 |
|
|
|
|
|
|
Long-term borrowings |
42.567 |
26.584 |
87.113 |
|
Short term borrowings |
315.017 |
385.216 |
433.103 |
|
Current maturities of
long-term debts |
41.594 |
2.004 |
2.652 |
|
Total
borrowings |
399.178 |
413.804 |
522.868 |
|
Debt/Equity
ratio |
0.704 |
0.688 |
0.816 |
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 |
3903.377 |
4203.753 |
5055.019 |
|
|
|
7.695 |
20.250 |
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 |
3903.377 |
4203.753 |
5055.019 |
|
Profit/ (Loss) |
32.775 |
34.989 |
39.042 |
|
|
0.84
% |
0.83
% |
0.77
% |
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 |
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 two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATION INFORMATION:
The Company was incorporated on 16/05/1994.The company is primarily engaged in business as auctioneers, manufactures, dealers, distributors, agents, buyers, sellers, traders, producers, importers and exporters of spices, spice oil & oleoresins, chemicals, fertilizers, pesticides, agricultural implements, irrigation equipments, motors and other electrical items.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
87.113 |
26.584 |
|
Total |
87.113 |
26.584 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G59871624 |
100131015 |
Axis Bank Limited |
09/10/2017 |
- |
- |
2240000.0 |
"Trishul', 3rd Floor, Opp to Samartheshwar TempleLaw Garden, Ellis BridgeAhmedabadGJ380006IN |
|
2 |
G37987989 |
100082231 |
THE SOUTH INDIAN BANK LIMITED |
30/01/2017 |
- |
- |
1370000.0 |
THARAYIL COMPLEXVYTILLAERNAKULAMKL682019IN |
|
3 |
C73033425 |
10607461 |
KOTAK MAHINDRA BANK LIMITED |
20/11/2015 |
- |
- |
50000000.0 |
Ground Floor,Cherukara Towers,Railway Station RoadCollectorate P.O,KottayamKL686002IN |
|
4 |
C43780691 |
10549464 |
THE SOUTH INDIAN BANK LIMITED |
22/01/2015 |
- |
- |
620000.0 |
VYTILLA BRANCH,THARAYIL COMPLEX, VYTILLAKOCHIKL682019IN |
|
5 |
G52924867 |
10470896 |
THE SOUTH INDIAN BANK LIMITED |
21/11/2013 |
20/05/2017 |
- |
483436000.0 |
VYTILLA BRANCH- THARAYIL COMPLEXVYTILLAERNAKULAMKL682019IN |
|
6 |
B77226231 |
10431421 |
RELIGARE FINVEST LIMITED |
24/04/2013 |
- |
- |
14200000.0 |
D3, P3B,District Centre, SaketNew DelhiDL110017IN |
|
7 |
B30313589 |
10330992 |
INDUSIND BANK LTD. |
30/11/2011 |
- |
- |
375000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMH411001IN |
|
8 |
B26699595 |
10320835 |
INDUSIND BANK LTD. |
10/10/2011 |
- |
- |
475000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMH411001IN |
|
9 |
Y10097544 |
90022894 |
CONTURION BANK LTD |
30/04/2003 |
- |
- |
1460000.0 |
CHOICS TOWERSMANORAMA JUNLTIONKOCHIKL16IN |
|
10 |
Y10097454 |
90022804 |
UNION BANK OF INDIA |
06/09/2002 |
02/12/2004 |
- |
11500000.0 |
VANDANMEDU BRANCHVANDANMEDUKLIN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- 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,
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 : |
SWT |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
MTN |
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.