|
|
|
MIRA INFORM REPORT
|
Report No. : |
493903 |
|
Report Date : |
22.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
BHARAT RESINS PRIVATE LIMITED (w.e.f. 16.03.2015) |
|
|
|
|
Formerly Known
As : |
BHARAT RESINS LIMITED |
|
|
|
|
Registered
Office : |
Plot No.168/43-44-45, Dabhel Industrial Co-Operative Society Limited,
Dhabel, Daman and Diu – 396210, Dadra and Nagar Haveli |
|
Mobile No.: |
91-9377002080 (Mr. Santosh) 91-9016466417 (Mr. Samir Kulkarni) |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
19.03.1993 |
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|
|
|
Com. Reg. No.: |
56-001892 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 9.031 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200DD1993PTC001892 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACB9709J |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Manufacturing of Chemicals, Alkyd Resins,
Epoxy Resin, Ketonic Resins, Phenolic Resins and D G Varnish, and also
engaged in Generating Power from Wind Energy (Registered activity) |
|
|
|
|
No. of Employees
: |
Information denied 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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1993. It is a manufacturer of
chemicals and also engaged in power generation. For the financial year 2017, the company has achieved revenue growth
of 8.59% as compared to the previous year along with a decent profit margin
of 8.21%. The sound financial risk profile of the company is marked by adequate
net worth base along with strong debt protection metrics due to debt free
balance sheet profile. Rating takes into account the subjects long established track record
of business operations along with extensive experience of its promoters. Payments seems 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 22.02.2018
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 : |
Mr. Samir Kulkarni |
|
Designation : |
Accountant |
|
Contact No.: |
91-9016466417 |
|
|
|
|
Name : |
Mr. Santosh |
|
Designation : |
Sales Department |
|
Contact No.: |
91-9377002080 |
|
|
|
|
Date : |
22.02.2018 |
91-260-2242275 – Not Working
LOCATIONS
|
Registered Office/ Manufacturing Unit - I : |
Plot No.168/43-44-45, Dabhel Industrial Co-operative Society Limited,
Dhabel, Daman and Diu – 396 210, Dadra and Nagar Haveli, India |
|
Tel. No.: |
91-260- 3292814 |
|
Mobile No.: |
91-9377002080 (Mr. Santosh) 91-9016466417 (Mr. Samir Kulkarni) |
|
Fax No.: |
91-260-2242276 |
|
E-Mail : |
|
|
Area : |
1225 Sq. Meters |
|
Location : |
Owned |
|
|
|
|
Manufacturing Unit – II / Export of Unit [Unit - III]: |
Plot No. A/1, 284/4, G.I.D.C., Industrial Area, Umergaon – 396171,
Gujarat, India |
|
Area : |
7000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Sales Office : |
D-101, Koteshwar Palace, Kole Dongari Lane No.4, Opposite Garware
House, Andheri (East), Mumbai – 400069, Maharashtra, India |
|
Tel. No.: |
91-22-26843527/ 26843463 |
|
Fax No.: |
91-22-26820404 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vinay Ladharam Joshi |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
1502, Tivoli Central Avenue, Hiranandani Gardens, Powai, Mumbai – 400
076, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
21.04.1947 |
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Qualification : |
MSC Organics |
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Date of Appointment : |
01.01.2017 |
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PAN No.: |
AABPJ8988M |
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DIN No.: |
00043600 |
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Other Directorship:
|
|||||||||
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|
||||||||
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Name : |
Mr. Manish Prabhashanker Joshi |
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|
Designation : |
Director |
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|
Address : |
Bunglow 5, Sector 5, Khalhaar Bunglows, Shilaj, Ahmedabad – 380 058,
Gujarat, India |
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|
Date of Birth/Age : |
11.11.1956 |
||||||||
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Qualification : |
B. Sc. , Diploma in Paints |
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Date of Appointment : |
19.03.2006 |
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DIN No.: |
00046020 |
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Other Directorship:
|
|||||||||
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|
|
||||||||
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Name : |
Mr. Vinod Jesukhlal Kothari |
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|
Designation : |
Director |
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|
Address : |
5, Unique Park, Satellite Road, Ahmedabad – 380 015, Gujarat, India |
||||||||
|
Date of Birth/Age : |
09.07.1934 |
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Qualification : |
UDCT - Paints Technology |
||||||||
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Date of Appointment : |
19.03.1993 |
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DIN No.: |
00169308 |
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Other Directorship:
|
|||||||||
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|
|
||||||||
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Name : |
Mrs. Shantu Vinay Joshi |
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|
Designation : |
Director |
||||||||
|
Address : |
1502, Tivoli Central Avenue, Hiranandani Gardens, Powai, Mumbai – 400
076, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
11.11.1956 |
||||||||
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Qualification : |
S.S.C. |
||||||||
|
Date of Appointment : |
30.06.2009 |
||||||||
|
PAN No.: |
AABPJ7396R |
||||||||
|
DIN No.: |
02669178 |
||||||||
KEY EXECUTIVES
|
Name : |
Mr. Samir Kulkarni |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Mr. Santosh |
|
Designation : |
Sales Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
57.37 |
|
Promoters- Individual/Hindu Undivided Family- Non-Resident Indian (NRI) |
9.41 |
|
Promoters- Body corporate |
33.22 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing of Chemicals, Alkyd
Resins, Epoxy Resin, Ketonic Resins, Phenolic Resins and D G Varnish, and also
engaged in Generating Power from Wind Energy (Registered activity) |
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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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||||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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|
Auditors : |
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|
Name : |
Deepak J. Shukla and Associates Chartered Accountants |
|
Address : |
F-904 Royal Aster Great Eastern Garden L B S Marg Kanjurmarg Mumbai – 400078, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFD8764D |
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|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
903100 |
Equity Shares |
INR 10/- each |
INR 9.031
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 |
9.031 |
9.031 |
9.031 |
|
(b) Reserves and Surplus |
479.587 |
402.781 |
387.726 |
|
(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) |
488.618 |
411.812 |
396.757 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
29.476 |
29.601 |
32.081 |
|
(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) |
29.476 |
29.601 |
32.081 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
88.243 |
99.207 |
70.584 |
|
(c) Other
current liabilities |
4.809 |
1.998 |
2.587 |
|
(d) Short-term
provisions |
4.223 |
1.624 |
9.228 |
|
Total Current
Liabilities (4) |
97.275 |
102.829 |
82.399 |
|
|
|
|
|
|
TOTAL |
615.369 |
544.242 |
511.237 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
157.672 |
162.991 |
174.519 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.091 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
40.592 |
40.001 |
0.001 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
198.264 |
203.083 |
174.520 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
177.616 |
103.162 |
74.038 |
|
(c) Trade
receivables |
154.796 |
165.494 |
164.342 |
|
(d) Cash and
bank balances |
10.593 |
28.395 |
63.373 |
|
(e) Short-term
loans and advances |
49.966 |
31.485 |
32.231 |
|
(f) Other
current assets |
24.134 |
12.623 |
2.733 |
|
Total
Current Assets |
417.105 |
341.159 |
336.717 |
|
|
|
|
|
|
TOTAL |
615.369 |
544.242 |
511.237 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
935.290 |
861.276 |
970.140 |
|
|
Other Income |
8.880 |
5.779 |
61.805 |
|
|
TOTAL |
944.170 |
867.055 |
1031.945 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
749.387 |
706.556 |
833.626 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
20.167 |
5.635 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(23.494) |
(13.901) |
(2.393) |
|
|
Employee benefit expense |
35.264 |
30.792 |
27.666 |
|
|
CSR expenditure |
2.737 |
0.340 |
0.000 |
|
|
Other expenses |
49.540 |
46.138 |
53.884 |
|
|
TOTAL |
813.434 |
790.092 |
918.418 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
130.736 |
76.963 |
113.527 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.150 |
0.288 |
0.606 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
129.586 |
76.675 |
112.921 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.678 |
17.051 |
22.095 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
115.908 |
59.624 |
90.826 |
|
|
|
|
|
|
|
Less |
TAX |
39.102 |
17.395 |
38.486 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
76.806 |
42.229 |
52.340 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
328.269 |
196.264 |
254.422 |
|
|
TOTAL EARNINGS |
328.269 |
196.264 |
254.422 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
547.442 |
486.754 |
497.081 |
|
|
TOTAL IMPORTS |
547.442 |
486.754 |
497.081 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
85.05 |
46.76 |
57.96 |
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 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
46.090 |
61.159 |
60.767 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(9.023) |
34.448 |
43.102 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
60.41 |
70.13 |
61.83 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.04 |
5.20 |
5.90 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
42.98 |
49.83 |
30.70 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.74 |
0.75 |
1.53 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.83 |
0.47 |
0.65 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.16 |
0.19 |
0.16 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.20 |
0.25 |
0.21 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.32 |
0.40 |
0.44 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
113.68 |
267.23 |
187.34 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.21 |
4.90 |
5.40 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.48 |
7.76 |
10.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
15.72 |
10.25 |
13.19 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.29 |
3.32 |
4.09 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.46 |
2.31 |
3.19 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.79 |
0.76 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.29 |
3.32 |
4.09 |
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 |
9.031 |
9.031 |
9.031 |
|
Reserves & Surplus |
387.726 |
402.781 |
479.587 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
396.757 |
411.812 |
488.618 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
970.140 |
861.276 |
935.290 |
|
|
|
(11.221) |
8.594 |
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 |
970.140 |
861.276 |
935.290 |
|
Profit/ (Loss) |
52.340 |
42.229 |
76.806 |
|
|
5.40
% |
4.90
% |
8.21
% |
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 |
No |
|
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 |
CORPORATE
INFORMATION
Subject is pioneer and one of India’s leading Synthetic Resin manufacture catering to a wide range of industries today such as Adhesives, Coatings, Printing Inks, Insulating Varnishes, Wire Enamels, Lamination, cosmetics and Textiles. BRL commenced its operations in 1995 for manufacturing Alkyd Resins, Epoxy Resin, Ketonic Resins, Phenolic Resins and D G Varnish some of which are import substitutes. BRL’s manufacturing facilities are located at Daman and GIDC, Umbergaon in Gujarat. The Company is also engaged in generating Power from Wind Energy.
STATE OF
COMPANY’S AFFAIRS:
During the year, the Company earned a total revenue of INR 944.170 Million as compared to INR 867.055 Million in the previous year. Further the net profit during the year was INR 76.806 Million as compared to the profit of INR. 42.229 Million in the previous year.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G45731569 |
100102473 |
YES BANK LIMITED |
21/03/2017 |
- |
- |
500000.0 |
AHURA CENTRE, SHOP
NO. 19 & 20, GROUND FLOOR,MAHAKALI CAVES ROAD, SEEPZ, ANDHERI
EASTMUMBAIMH400093IN |
|
2 |
G40719833 |
100106015 |
HDFC BANK LIMITED |
31/01/2017 |
- |
- |
30000000.0 |
HDFC BANK
HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
3 |
B40229106 |
10357392 |
HDFC BANK LIMITED |
17/05/2012 |
- |
- |
40000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
B64702541 |
10148092 |
HDFC BANK LIMITED |
31/10/2006 |
28/11/2012 |
- |
70000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
B25831421 |
90077197 |
STATE BANK OF
INDIA; |
11/02/1997 |
11/02/1997 |
15/11/2011 |
15500000.0 |
GHATKOPAR EAST BRANCH;M.G.
ROAD;BOMBAYMH400077IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- 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 64.82 |
|
|
1 |
INR 90.66 |
|
Euro |
1 |
INR 79.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
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.