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|
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MIRA
INFORM REPORT
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Report No. : |
491426 |
|
Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRESCIENT COLOR LIMITED |
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Registered
Office : |
Gat No. 1162, Pirangut
Village, Taluka – Mulshi, District
Pune – 412108, Maharashtra |
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Tel. No.: |
91-20-26058888 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
23.06.2006 |
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Com. Reg. No.: |
11-128651 |
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Capital
Investment / Paid-up Capital : |
INR 60.000 Million |
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CIN No.: [Company Identification
No.] |
U24229PN2006PLC128651 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCP9591P |
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GSTIN : |
Not Divulged |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business
: |
The company is engaged in Manufacturing and Providing the best solutions in Masterbatches with specific focus on the Textile and Specialty Plastics Industries. (Registered activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Sudarshan Chemical Industries Limited” and it was incorporated in the year 2006. It is engaged in manufacturing of colour master batches (pastel shades) which find application the dyeing of poly-propylene, polyester, nylon multifilament yarn and fibres industry. As per financials of March 2017, the company has registered marginal growth in its revenue and has reported good profit margin of 10.16%. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with comfortable debt coverage indicator and good liquidity position.
Rating also takes into account the extensive experience its promoters along with long-standing association with reputed customers across diversified industry segments and widespread geographical distribution network. Further, the company has reported a good earnings per share of INR 12.99 against its face value of INR 10. However, ratings strength is partially offset by susceptibility of its profitability to volatility in raw material prices as well as foreign exchange fluctuation risk, competition in domestic and global market. Payments seem to be regular. 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 |
CARE |
|
Rating |
Long Term Rating = A+ (SO) |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
26.04.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A1 (SO) |
|
Rating Explanation |
Vey strong degree of safety and carry lowest credit risk |
|
Date |
26.04.2017 |
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 13.02.2018
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
MANAGEMENT NON CO-OPERATIVE [TEL. NO.: 91-20-26058888 / 66521529 /
66521509]
LOCATIONS
|
Registered Office / Factory : |
Gat No. 1162, Pirangut
Village, Taluka – Mulshi, District
Pune – 412108, Maharashtra, India |
|
Tel. No.: |
91-20-66521509 / 66521529 / 26058888 / 26226200 |
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Fax No.: |
91-20-66521500 / 26058222 |
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E-Mail : |
gaurav.deshmukh@prescientcolor.com |
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Website : |
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Area : |
3 Acres |
|
Location : |
Owned |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Subramanian Padmanabhan |
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Designation : |
Nominee Director |
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Address : |
30, Vishrambagh Society Senapati Bapat Road, Pune – 411016, Maharashtra, India |
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Date of Birth/Age : |
01.09.1939 |
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Qualification : |
M.Sc. (Physics) from Delhi University and Bachelor of General Law from Mumbai, University. Mr. S. Padmanabhan has a diploma. |
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Date of Appointment : |
08.07.2015 |
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PAN No.: |
AEGPS3170P |
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DIN No.: |
00001207 |
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Other Directorship:
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Name : |
Mr. Kishor Laxminarayan Rathi |
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Designation : |
Director |
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Address : |
C-4, Abhimanshree Society, Pashan Road, Pune – 411008, Maharashtra,
India |
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Date of Birth/Age : |
27.10.1938 |
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Qualification : |
B.Sc. (Tech), MA (Chem) (Columbia) |
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Date of Appointment : |
23.06.2006 |
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PAN No.: |
AAHPR4178F |
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DIN No.: |
00018567 |
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Other Directorship:
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Name : |
Mr. Pradeep Ramwilas Rathi |
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Designation : |
Director |
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Address : |
2, Boat Club Road, Pune – 411001, Maharashtra, India |
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Date of Birth/Age : |
20.05.1953 |
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Qualification : |
M.S. (Chemical Engineering), MBA |
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Date of Appointment : |
23.06.2006 |
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PAN No.: |
AARPR3934M |
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DIN No.: |
00018577 |
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Other Directorship:
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Name : |
Mr. Narayandas Jagannath Rathi |
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Designation : |
Director |
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Address : |
113/3, Koregaon Park, Lane No.4 A, Pune – 411001, Maharashtra, India |
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Date of Birth/Age : |
18.05.1935 |
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Qualification : |
M.Com from Pune MBA from USA |
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Date of Appointment : |
23.06.2006 |
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PAN No.: |
AARPR3935L |
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DIN No.: |
00018597 |
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Other Directorship:
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Name : |
Mr. Rajesh Balkrishna Rathi |
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Designation : |
Director |
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Address : |
94/13/34, Lane No.11, Prabhat Road, Pune – 411004, Maharashtra, India |
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Date of Birth/Age : |
13.11.1968 |
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Qualification : |
B .E, B.S. Chem. MBA |
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Date of Appointment : |
23.06.2006 |
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PAN No.: |
ABDPR2556A |
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DIN No.: |
00018628 |
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Other Directorship:
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Name : |
Mr. Rohit Kishor Rathi |
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Designation : |
Managing director |
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Address : |
C-4, Abhimanshree Society, Pashan Road, Pune – 411008, Maharashtra,
India |
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Date of Birth/Age : |
09.08.1974 |
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Qualification : |
B.S. Chemical Engineering, MBA |
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Date of Appointment : |
01.04.2009 |
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PAN No.: |
ABDPR2555D |
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DIN No.: |
00018654 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Vishnu Karbharee Salunke |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 303, Balaji Residency Lane No. 5, Madhuban CHS Limited, Old Sangavi, Pune – 411027, Maharashtra, India |
|
Date of Appointment : |
31.01.2017 |
|
PAN No.: |
BKTPS3164H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sudarshan Chemical Industries Limited |
|
5999994 |
|
Kishor Laxminarayan Rathi |
|
1 |
|
Pradeep Ramwilas Rathi |
|
1 |
|
Narayandas Jagannath Rathi |
|
1 |
|
Rajesh Balkrishna Rathi |
|
1 |
|
S.N. Inamdar |
|
1 |
|
D. N. Damania |
|
1 |
|
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Total |
|
6000000 |
Equity Share Break up (Percentage of Total Equity)
As on 24.05.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in Manufacturing and Providing the best solutions in Masterbatches with specific focus on the Textile and Specialty Plastics Industries. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
M/S. L G Jaju and Associates Chartered Accountants |
|
Address : |
10/20 Phakt Aatwan, Chandra Nagar Society, Mahar |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ARZPJ1994N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
|
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Holding company : |
L24119PN1951PLC008409 |
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Associates : |
U24100MH1961PTC012038 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
60.000 |
79.000 |
89.000 |
|
(b) Reserves and Surplus |
160.895 |
82.934 |
55.271 |
|
(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) |
220.895 |
161.934 |
144.271 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
71.751 |
101.063 |
57.276 |
|
(b) Deferred tax liabilities (Net) |
7.263 |
18.306 |
0.000 |
|
(c) Other long-term
liabilities |
4.766 |
0.000 |
0.000 |
|
(d) long-term
provisions |
6.653 |
4.599 |
0.000 |
|
Total Non-current
Liabilities (3) |
90.433 |
123.968 |
57.276 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
74.967 |
99.815 |
99.818 |
|
(b) Trade
payables |
55.448 |
77.667 |
33.571 |
|
(c) Other
current liabilities |
41.006 |
40.338 |
27.162 |
|
(d) Short-term
provisions |
11.144 |
9.413 |
5.204 |
|
Total Current
Liabilities (4) |
182.565 |
227.233 |
165.755 |
|
|
|
|
|
|
TOTAL |
493.893 |
513.135 |
367.302 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
240.040 |
202.633 |
123.311 |
|
(ii)
Intangible Assets |
1.935 |
0.075 |
0.075 |
|
(iii) Tangible assets
capital work-in-progress |
0.066 |
0.000 |
4.740 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
42.276 |
42.953 |
27.160 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
284.317 |
245.661 |
155.286 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
99.012 |
91.932 |
100.595 |
|
(c) Trade
receivables |
95.685 |
149.437 |
98.691 |
|
(d) Cash and
bank balances |
7.034 |
8.129 |
5.867 |
|
(e)
Short-term loans and advances |
7.845 |
17.976 |
6.863 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
209.576 |
267.474 |
212.016 |
|
|
|
|
|
|
TOTAL |
493.893 |
513.135 |
367.302 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
767.591 |
752.851 |
660.324 |
|
|
Other Income |
1.857 |
1.572 |
1.828 |
|
|
TOTAL |
769.448 |
754.423 |
662.152 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
466.786 |
485.156 |
444.830 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.461 |
11.793 |
(4.723) |
|
|
Employee benefit expense |
58.964 |
59.654 |
45.057 |
|
|
Other expenses |
129.964 |
108.724 |
97.453 |
|
|
TOTAL |
657.175 |
665.327 |
582.617 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
112.273 |
89.096 |
79.535 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
20.464 |
22.930 |
23.391 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
91.809 |
66.166 |
56.144 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
24.891 |
20.197 |
18.143 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
66.918 |
45.969 |
38.001 |
|
|
|
|
|
|
|
Less |
TAX |
(11.042) |
18.305 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
77.960 |
27.664 |
38.001 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
9.467 |
11.300 |
|
|
TOTAL EARNINGS |
NA |
9.467 |
11.300 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
69.697 |
181.993 |
|
|
Components and spare
parts |
NA |
1.489 |
1.964 |
|
|
Capital Goods |
NA |
17.651 |
4.928 |
|
|
TOTAL IMPORTS |
NA |
88.837 |
188.886 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
12.181 |
4.323 |
6.139 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
32.058 |
29.756 |
14.756 |
|
Net cash flows from (used in) operations |
169.430 |
109.993 |
79.930 |
|
Net cash flows from (used in) operating activities |
181.697 |
122.980 |
72.287 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
45.50 |
72.45 |
54.55 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
8.02 |
5.04 |
6.69 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
43.36 |
58.43 |
27.55 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
1.13 |
0.97 |
0.79 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.46 |
0.44 |
0.62 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
0.58 |
0.70 |
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.81 |
1.42 |
1.19 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.83 |
1.40 |
1.15 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.10 |
1.25 |
0.89 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
5.49 |
3.89 |
3.40 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
10.16 |
3.67 |
5.75 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
15.78 |
5.39 |
10.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
35.29 |
17.08 |
26.34 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
1.15 |
1.18 |
1.28 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.61 |
0.77 |
0.67 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.45 |
0.32 |
0.39 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
2.98 |
2.92 |
1.93 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.15 |
1.18 |
1.28 |
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 |
89.000 |
79.000 |
60.000 |
|
Reserves & Surplus |
55.271 |
82.934 |
160.895 |
|
Net
worth |
144.271 |
161.934 |
220.895 |
|
|
|
|
|
|
Long-term borrowings |
57.276 |
101.063 |
71.751 |
|
Short term borrowings |
99.818 |
99.815 |
74.967 |
|
Current maturities of
long-term debts |
14.756 |
29.756 |
32.058 |
|
Total
borrowings |
171.850 |
230.634 |
178.776 |
|
Debt/Equity
ratio |
1.191 |
1.424 |
0.809 |
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 |
660.324 |
752.851 |
767.591 |
|
|
|
14.012 |
1.958 |
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 |
660.324 |
752.851 |
767.591 |
|
Profit/ (Loss) |
38.001 |
27.664 |
77.960 |
|
|
5.75
% |
3.67
% |
10.16
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
GENERAL INFORMATION
The Company was incorporated on 23rd June 2006 to provide the best solutions in masterbatches with specific focus on the textile and specialty plastics industries.
FINANCIAL
PERFORMANCE:
During the year, the Company achieved a turnover of INR. 767.591 Million as against INR 752.851 Million achieved during the previous year. Profits after tax for the year is INR 77.960 Million as compared to INR 27.664 Million achieved during the previous year thereby recording an impressive growth of 185%. Other financial parameters were also fairly well.
OUTLOOK FOR FUTURE:
The long term outlook for the company’s market remains unchanged. While the general long term growth rate of dope dyed polyester yarn in India seems to be favourable for the company, the entry of at least three new competitors may cause a decrease in product margins, especially for relatively commoditized products.
The company has devised a few strategies to overcome these possible risks and challenges. Investment in application based infrastructure is one such foray which will reduce price-based buying behaviour and will fortify our sales by providing incentive to customers not to switch from our products.
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C20253167 |
10378563 |
BANK OF MAHARASHTRA |
28/09/2012 |
03/09/2014 |
- |
348200000.0 |
CORPORATE FINANCE BRANCH1183/A, F.C.ROADPUNEMH411005IN |
|
2 |
G53174009 |
10509690 |
BANK OF MAHARASHTRA |
26/06/2014 |
- |
01/09/2017 |
20000000.0 |
CORPORATE FINANCE BRANCH1183/A, F.C.ROADPUNEMH411005IN |
|
3 |
B42064790 |
10058155 |
Standard Chartered Bank |
11/07/2007 |
18/10/2010 |
26/06/2012 |
57500000.0 |
90, M G Road,FortMumbaiMH400001IN |
|
4 |
B39830187 |
10058165 |
Standard Chartered Bank |
11/07/2007 |
07/11/2008 |
08/05/2012 |
95000000.0 |
90, M G Road,Fort,MumbaiMH400001IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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 64.37 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KJL |
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.