|
|
|
MIRA INFORM REPORT
|
Report No. : |
491965 |
|
Report Date : |
14.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
VENUS WIRE INDUSTRIES PRIVATE LIMITED
(w.e.f 27.12.2003) |
|
|
|
|
Formerly Known
As : |
VENUS WIRE INDUSTRIES LIMITED (w.e.f
01.07.1995) VENUS WIRE INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Mehta Mahal, Plot No.15, Mathew Road Padmakar L Khandke Marg, Opera House,
Girgaon, Mumbai – 400004, Maharashtra |
|
Tel. No.: |
91-22 -30451000 / 24978840 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
15.03.1990 |
|
|
|
|
Com. Reg. No.: |
11-055812 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5.904 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300MH1990PTC055812 |
|
|
|
|
IEC No.: |
0392012995 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTIN / UIN : |
27AAACV1421F1ZS |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV1421F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Processors, Dealer and Trader in all kinds of wire, rods
and bars (Registered Activity) |
|
|
|
|
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 |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “Venus Group”. The company was incorporated in the year 1990. It is a manufacturer, processors, dealer and trader in all kinds of wire, rods and bars. For the financial year 2017, the revenue of the company has decreased by 38.20% but has managed to maintain average profit margin of 4.88%. The sound financial profile of the company marked by healthy networth base along with strong debt coverage indictors due to low debt balance sheet profile. Rating continue derive strength from the established track record of the promoters in stainless steel industry. The company has decent earning per share (EPS) of INR 1375 against the face value (FV) of INR 100. Rating takes into account of strong financial and managerial support that company receives from Venus Group backed by its well experienced management team. However, these rating strength are partially offset by changes in anti-dumping duties, susceptibility to fluctuation in foreign exchange imparting volatility to profitability. Business is active. Payments seems 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = A+ (Withdrawn) |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
01.11.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A
(Withdrawn) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
01.11.2017 |
Reason for withdrawal: No amount outstanding
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 14.02.2018
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 DECLINED
Management non-cooperative (Tel No.:91-2192-304800 / 263404)
LOCATIONS
|
Registered Office/ Corporate Office : |
3rd Floor, Mehta Mahal, Plot No.15, Mathew Road Padmakar L Khandke Marg, Opera House,
Girgaon, Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-22 -30451000 / 24978840 |
|
Mobile No.: |
91-9819800348 (Mr. Pratik) |
|
Fax No.: |
91-22-66459735 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Head Office : |
Mehta Mahal, Opera House, Mumbai - 400004, Maharashtra, India |
|
|
|
|
Factory / Sales
Office : |
Atkargaon, Takai -Adoshi, Khopoli – 410 203, Maharashtra, India |
|
Tel. No.: |
91-2192-304800 / 263404 / 262612 |
|
Fax No.: |
91-2192-268873 / 304850 |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Babulal Parasmal Bohra |
|
Designation : |
Director |
|
Address : |
3201, 32nd Floor, Shripati Arcade, Nana Chowk, August
Kranti Marg, Mumbai – 400036, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1951 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
15.03.1990 |
|
PAN No.: |
AABPB2438G |
|
DIN No.: |
01453687 |
|
|
|
|
Name : |
Mr. Gheverchand Parasmal Bohra |
|
Designation : |
Director |
|
Address : |
8A/16, Navjivan Sty, 4th Floor, Lamington Road, Mumbai –
400008, Maharashtra,
India |
|
Date of Birth/Age : |
24.12.1954 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
15.03.1990 |
|
PAN No.: |
AABPB2437K |
|
DIN No.: |
01491771 |
|
|
|
|
Name : |
Mr. Motilal Parasmal Bohra |
|
Designation : |
Director |
|
Address : |
Ground Floor, 52/52 A Islampura Stret Bombay – 400004, Maharashtra,
India |
|
Date of Birth/Age : |
19.10.1961 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
15.03.1990 |
|
PAN No.: |
AABPB3671P |
|
DIN No.: |
01601492 |
|
|
|
|
Name : |
Mr. Gheverchand Raghunath Sanghvi |
|
Designation : |
Director |
|
Address : |
1401, Vastushilp CHS, 14th Floor, Ganadia Colony Road,
Tardeo, Grant Road, Mumbai – 400007, Maharashtra, India |
|
Date of Birth/Age : |
10.08.1964 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
15.03.1990 |
|
PAN No.: |
AAGPS7932R |
|
DIN No.: |
01597211 |
|
|
|
|
Name : |
Mr. Hitesh Babulal Bohra |
|
Designation : |
Director |
|
Address : |
Flat no. 3201/3204, 32nd Floor, Shripati Arcade Nana Chowk,
August Kranti Marg, Mumbai – 400036, Maharashtra, India |
|
Date of Birth/Age : |
05.05.1975 |
|
Qualification : |
B. Com |
|
Date of Appointment: |
10.12.2005 |
|
PAN No.: |
AABPB2439H |
|
DIN No.: |
01596934 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Babulal P. Bohra |
|
11010 |
|
Ghevarchand P. Bohra |
|
8510 |
|
Motilal P. Bohra |
|
11010 |
|
Gheverchand R. Sanghvi |
|
11710 |
|
Hemant G. Bohra |
|
1000 |
|
Babulal P. Bohra and Shantaben B. Bohra |
|
11800 |
|
Hitesh B. Bohra |
|
1500 |
|
Haresh B Bohra |
|
1500 |
|
Bhavesh Sanghavi |
|
1000 |
|
Total |
|
59040 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Processors, Dealer and Trader in all kinds of wire, rods
and bars (Registered Activity) |
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Products : |
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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 : |
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 : |
|
|
Name : |
M.C. Doshi and Company Chartered Accountants |
|
Address : |
219, 2nd Floor, Panchsheel Plaza, “B” wing, Near Dharam Palace, Hughes Road, Mumbai - 400007, Maharashtra , India |
|
Tel No.: |
91-22-40042032/40052033 |
|
Fax No.: |
91-22-23634876 |
|
Email : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABPD5830G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
CAPITAL STRUCTURE
As on 30.09.2017
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59040 |
Equity Shares |
INR 100/- each |
INR 5.904 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 |
5.904 |
5.904 |
5.904 |
|
(b) Reserves & Surplus |
1430.245 |
1349.090 |
1205.805 |
|
(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) |
1436.149 |
1354.994 |
1211.709 |
|
|
|
||
|
(3) Non-Current Liabilities |
|
||
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
13.461 |
10.788 |
10.098 |
|
Total
Non-current Liabilities (3) |
13.461 |
10.788 |
10.098 |
|
|
|
||
|
(4) Current Liabilities |
|
||
|
(a) Short term borrowings |
9.408 |
0.000 |
37.414 |
|
(b) Trade payables |
35.870 |
202.063 |
297.311 |
|
(c) Other current liabilities |
24.573 |
44.581 |
42.036 |
|
(d) Short-term provisions |
0.414 |
0.349 |
0.316 |
|
Total
Current Liabilities (4) |
70.265 |
246.993 |
377.077 |
|
|
|
||
|
TOTAL |
1519.875 |
1612.775 |
1598.884 |
|
|
|
||
|
II.
ASSETS |
|
||
|
(1) Non-current assets |
|
||
|
(a) Fixed Assets |
|
||
|
(i) Tangible assets |
172.090 |
180.096 |
172.643 |
|
(ii) Intangible Assets |
0.235 |
0.339 |
0.409 |
|
(iii) Capital work-in-progress |
16.745 |
16.745 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
299.977 |
1.595 |
1.595 |
|
(c) Deferred tax assets (net) |
4.780 |
4.429 |
5.197 |
|
(d) Long-term Loan and Advances |
11.205 |
11.205 |
27.063 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
505.032 |
214.409 |
206.907 |
|
|
|
||
|
(2) Current assets |
|
||
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
98.664 |
319.274 |
332.298 |
|
(c) Trade receivables |
326.597 |
590.188 |
642.909 |
|
(d) Cash and cash equivalents |
431.606 |
260.621 |
70.564 |
|
(e) Short-term loans and
advances |
29.377 |
29.933 |
36.349 |
|
(f) Other current assets |
128.599 |
198.350 |
309.857 |
|
Total
Current Assets |
1014.843 |
1398.366 |
1391.977 |
|
|
|
||
|
TOTAL |
1519.875 |
1612.775 |
1598.884 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1664.706 |
2694.074 |
2942.755 |
|
|
Other Income |
62.713 |
78.844 |
40.832 |
|
|
TOTAL |
1727.419 |
2772.918 |
2983.587 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
742.022 |
1756.565 |
1969.785 |
|
|
Purchases of
Stock-in-Trade |
0.940 |
0.734 |
0.874 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
162.393 |
10.631 |
(9.855) |
|
|
Employee benefit expense |
123.832 |
103.310 |
96.577 |
|
|
CSR expenditure |
1.270 |
0.000 |
1.100 |
|
|
Other expenses |
559.293 |
649.179 |
656.712 |
|
|
TOTAL |
1589.750 |
2520.419 |
2715.193 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
137.669 |
252.499 |
268.394 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.975 |
7.541 |
14.897 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
131.694 |
244.958 |
253.497 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.450 |
27.151 |
30.657 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
106.244 |
217.807 |
222.840 |
|
|
|
|
|
|
|
Less |
TAX |
25.089 |
74.523 |
83.118 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
81.155 |
143.284 |
139.722 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1375.00 |
1375.00 |
2427.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
479.218 |
347.587 |
353.995 |
|
Net cash flows from (used in) operating activities |
453.348 |
272.467 |
274.461 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
71.61 |
79.96 |
79.74 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.10 |
4.56 |
4.58 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
17.62 |
41.97 |
55.07 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.40 |
0.79 |
0.81 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.73 |
1.28 |
1.55 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.05 |
0.15 |
0.24 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.01 |
0.00 |
0.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.05 |
0.18 |
0.31 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.13 |
0.15 |
0.14 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
23.04 |
33.48 |
18.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.88 |
5.32 |
4.75 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.34 |
8.88 |
8.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
5.65 |
10.57 |
11.53 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
14.44 |
5.66 |
3.69 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
13.04 |
4.37 |
2.81 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.94 |
0.84 |
0.76 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.59 |
0.00 |
6.34 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
14.44 |
5.66 |
3.69 |
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 |
5.904 |
5.904 |
5.904 |
|
Reserves & Surplus |
1205.805 |
1349.090 |
1430.245 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1211.709 |
1354.994 |
1436.149 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
37.414 |
0.000 |
9.408 |
|
Total
borrowings |
37.414 |
0.000 |
9.408 |
|
Debt/Equity
ratio |
0.031 |
0.000 |
0.007 |
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 |
2942.755 |
2694.074 |
1664.706 |
|
|
|
(8.451) |
(38.209) |
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 |
2942.755 |
2694.074 |
1664.706 |
|
Profit |
139.722 |
143.284 |
81.155 |
|
|
4.75
% |
5.32
% |
4.88
% |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
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 four 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 |
UNSECURED LOAN
|
Particular |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Other loans and advances, others |
3.408 |
0.000 |
|
Total |
3.408 |
0.000 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
Y10350131 |
90242494 |
CENTURIAN BANK LIMITED |
27/02/2004 |
- |
- |
656000.0 |
322; SWASTIK CHAMBER TROMBAY ROAD MUMBAI MAHARASHTRA INDIA |
|
2 |
Y10349935 |
90242298 |
SICOM LIMITED |
17/10/2000 |
- |
- |
30000000.0 |
NIRMAL IST FLOOR NARIMAN POINT MUMBAI MAHARASHTRA INDIA |
|
3 |
Y10349896 |
90242259 |
CENTURIAN BANK LIMITED |
14/02/2000 |
04/12/2003 |
- |
154875000.0 |
322; SWASTIK CHAMBER TROMBAY ROAD MUMBAI MAHARASHTRA INDIA |
|
4 |
Y10349716 |
90242079 |
DENA BANK |
15/04/1996 |
- |
- |
20000000.0 |
INDUSTRIAL FINANCE BRNCHMAKER TOWER ;CUFFE PARADE MUMBAI MAHARASHTRA INDIA |
|
5 |
Y10349645 |
90242008 |
DENA BANK |
19/01/1994 |
19/01/2000 |
- |
4000000.0 |
GULAWDI BRNCHMAKER TOWER ;CUFFE PARADE MUMBAI MAHARASHTRA INDIA |
|
6 |
Y10349619 |
90241982 |
DENA BANK |
26/03/1993 |
26/03/1993 |
- |
1400000.0 |
GULAWDI BRNCH MUMBAI MAHARASHTRA INDIA |
|
7 |
Y10349612 |
90241975 |
DENA BANK |
07/11/1992 |
19/01/1994 |
- |
9400000.0 |
GULAWDI BRNCHMAKER TOWER ;CUFFE PARADE MUMBAI MAHARASHTRA INDIA |
|
8 |
Y10349596 |
90241959 |
DENA BANK |
15/05/1992 |
- |
- |
1500000.0 |
GULAWDI BRNCHMAKER TOWER ;CUFFE PARADE MUMBAI MAHARASHTRA INDIA |
|
9 |
Y10349574 |
90241937 |
DENA BANK |
11/07/1991 |
- |
- |
11600000.0 |
INDUSTRIAL FINANCE BRNCHMAKER TOWER ;CUFFE PARADE MUMBAI MAHARASHTRA INDIA |
|
10 |
Y10349572 |
90241935 |
SICOM LIMITED |
20/06/1991 |
20/12/1999 |
- |
11600000.0 |
NIRMAL IST FLOORNARIMAN POINT MUMBAI MAHARASHTRA INDIA |
FIXED ASSETS
- Land
- Buildings
- Residential building
- Office building
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 63.61 |
|
|
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RKI |
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.