|
|
|
MIRA INFORM REPORT
|
Report No. : |
493630 |
|
Report Date : |
22.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
S K GUPTA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Refractory House, L B S Marg, Near Premier Bus Stand, Kurla (West), Mumbai – 400070, Maharashtra |
|
Tel. No.: |
91-22-66659999/ 66659925 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
05.01.1973 |
|
|
|
|
Com. Reg. No.: |
11-016294 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1.628 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26900MH1973PTC016294 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS6009A |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers, exporters, commission agents, distributors and dealers
in fire-clay bricks, refractory goods, pottery and other products. (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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1973 having
satisfactory track records. For the financial year ended 2017, revenue of the company has slightly
declined and has reported profit margin at 0.54% (approximately). The company possesses sound financial profile marked by decent
networth base along with fair debt level and favourable gap between trade
payables to its trade receivables. The company also derives strength from its long standing track record
of business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be slow but correct. In view of the 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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. Jayanta |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-66659999 |
|
|
|
|
Name : |
Mr. Ramesh Menon |
|
Designation : |
Accounts Incharge |
|
Contact No.: |
91-8108104246 |
|
Date : |
21.02.2018 |
LOCATIONS
|
Registered Office : |
Refractory House, L B S Marg, Near Premier Bus Stand, Kurla (West), Mumbai – 400070, Maharashtra, India |
|
Tel. No.: |
91-22-66659999/ 66659925 |
|
Mobile No.: |
91-8108104246 (Mr. Rameshan Menon) |
|
Fax No.: |
91-22-66659900 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Godown : |
A-10, Gala No.16-17, Prerna Complex, Val Village, Dapoda Road, Taluka
Bhiwandi, District: Thane - 421302 , Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Nitesh Kumar Gupta |
|
Designation : |
Director |
|
Address : |
Refractory House, 1st Floor L.B.S. Marg, Kurla (West), Mumbai-400070, Maharashtra, India |
|
Date of Appointment : |
02.11.1993 |
|
DIN No.: |
00017857 |
|
|
|
|
Name : |
Mr. Kuldip Raj Kher |
|
Designation : |
Director |
|
Address : |
Hans Villa 6, Bharath Tirth, Sion Trombay Road, Chembur, Mumbai-400071, Maharashtra, India |
|
Date of Appointment : |
01.12.1999 |
|
DIN No.: |
00513994 |
|
|
|
|
Name : |
Mr. Swadeshkumar Agarwal |
|
Designation : |
Director |
|
Address : |
303, Namarata Aparments, 35 Bhau Patil Road, Bopodi, Pune-411003, Maharashtra, India |
|
Date of Appointment : |
10.12.1986 |
|
DIN No.: |
01613017 |
KEY EXECUTIVES
|
Name : |
Mr. Jayanta |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Mr. Ramesh Menon |
|
Designation : |
Accounts Incharge |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders (Equity
Shares) |
|
No. of Shares |
|
Nitesh Gupta |
|
4978 |
|
Anita Gupta |
|
680 |
|
Krishn Nitesh Gupta |
|
2082 |
|
Arjun Nitesh Gupta |
|
2200 |
|
Prabha Agarwal |
|
386 |
|
Vinodini Agarwal |
|
246 |
|
Anilkumar Agarwal |
|
100 |
|
S.K.Gupta Invesments Private Limited, India |
|
10 |
|
Murtidevi S. Gupta |
|
1110 |
|
Devendra Gupta |
|
625 |
|
Laxmi D.Gupta |
|
1 |
|
Kalpesh Mehta |
|
1 |
|
Vivek Agarwal |
|
1 |
|
Total |
|
12420 |
|
Names of Shareholders (Preference
Shares) |
|
No. of Shares |
|
Shyam Kishore Gupta |
|
600 |
|
Devendra S.Gupta |
|
500 |
|
Krishn Nitesh Gupta |
|
800 |
|
Arjun Nitesh Gupta |
|
800 |
|
Prabha Agarwal |
|
210 |
|
Tarawati Puracnchparned |
|
950 |
|
Total |
|
3860 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
99.92 |
|
Promoters (Body corporate) |
0.08 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, exporters, commission agents, distributors and dealers
in fire-clay bricks, refractory goods, pottery and other products. (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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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 : |
Rashmi Zaveri and Company Chartered Accountants |
|
Address : |
Araham Suit No.2 Ground Floor, Plot No. 66, Near Gandhi Market, Sion
(East), Mumbai – 400022, Maharashtra, India |
|
Tel. No.: |
91-11-24042032/ 24042033 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAPZ0102A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related parties : |
|
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
INR 100/- each |
INR 2.000 Million |
|
10000 |
Preference Shares |
INR 100/- each |
INR 1.000 Million |
|
|
Total
|
|
INR 3.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12420 |
Equity Shares |
INR 100/- each |
INR 1.242
Million |
|
3860 |
Preference Shares |
INR 100/- each |
INR 0.386 Million |
|
|
Total
|
|
INR 1.628
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 |
1.628 |
1.628 |
1.628 |
|
(b) Reserves & Surplus |
32.999 |
31.585 |
30.249 |
|
(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) |
34.627 |
33.213 |
31.877 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
39.505 |
36.880 |
41.732 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.100 |
0.100 |
0.100 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
39.605 |
36.980 |
41.832 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
4.111 |
4.588 |
4.552 |
|
(b) Trade
payables |
39.723 |
38.227 |
43.571 |
|
(c) Other
current liabilities |
0.720 |
0.822 |
1.721 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
44.554 |
43.637 |
49.844 |
|
|
|
|
|
|
TOTAL |
118.786 |
113.830 |
123.553 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
7.673 |
7.774 |
8.186 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.709 |
4.709 |
4.709 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
2.850 |
2.303 |
1.927 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
15.232 |
14.786 |
14.822 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
37.475 |
35.248 |
37.748 |
|
(c) Trade
receivables |
59.309 |
55.093 |
65.447 |
|
(d) Cash
and cash equivalents |
1.814 |
4.330 |
2.289 |
|
(e)
Short-term loans and advances |
4.956 |
4.373 |
3.247 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
103.554 |
99.044 |
108.731 |
|
|
|
|
|
|
TOTAL |
118.786 |
113.830 |
123.553 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
264.040 |
319.162 |
309.987 |
|
|
Other Income |
9.535 |
12.695 |
9.354 |
|
|
TOTAL |
273.575 |
331.857 |
319.341 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
219.399 |
269.822 |
261.996 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.227) |
2.501 |
(7.342) |
|
|
Employees benefits
expense |
18.368 |
18.251 |
16.562 |
|
|
Other expenses |
30.392 |
32.511 |
39.085 |
|
|
TOTAL |
265.932 |
323.085 |
310.301 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
7.643 |
8.772 |
9.040 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.801 |
5.168 |
5.462 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2.842 |
3.604 |
3.578 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.428 |
1.647 |
3.386 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1.414 |
1.957 |
0.192 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.621 |
0.750 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1.414 |
1.336 |
(0.558) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
27.720 |
26.384 |
26.942 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
29.134 |
27.720 |
26.384 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
1.587 |
8.619 |
9.050 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
113.85 |
107.57 |
(44.93) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
|
|
|
|
-I.C.I.C.I. Bank Car Loan |
0.000 |
0.000 |
0.043 |
|
-ICICI Bank Limited (Term Loan) |
0.000 |
0.000 |
0.191 |
|
-HDFC Bank Limited (Term Loan) |
0.000 |
0.000 |
0.145 |
|
-Bank of Baroda Limited (Term Loan) |
0.000 |
0.273 |
0.341 |
|
Total
|
0.000 |
0.273 |
0.720 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
81.99 |
63.01 |
77.06 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
4.45 |
5.79 |
4.74 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
66.08 |
51.71 |
60.70 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.20 |
0.25 |
0.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.00 |
1.13 |
1.10 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.71 |
0.71 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.26 |
1.26 |
1.47 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.29 |
1.31 |
1.56 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.22 |
0.23 |
0.26 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.59 |
1.70 |
1.66 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
0.54 |
0.42 |
(0.18) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.19 |
1.17 |
(0.45) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.08 |
4.02 |
(1.75) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.32 |
2.27 |
2.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.48 |
1.46 |
1.42 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.29 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
26.79 |
25.64 |
28.87 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.32 |
2.27 |
2.18 |
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 |
1.628 |
1.628 |
1.628 |
|
Reserves & Surplus |
30.249 |
31.585 |
32.999 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
31.877 |
33.213 |
34.627 |
|
|
|
|
|
|
long-term borrowings |
41.732 |
36.880 |
39.505 |
|
Short term borrowings |
4.552 |
4.588 |
4.111 |
|
Current Maturities of Long
term debt |
0.720 |
0.273 |
0.000 |
|
Total borrowings |
47.004 |
41.741 |
43.616 |
|
Debt/Equity ratio |
1.475 |
1.257 |
1.260 |
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 |
309.987 |
319.162 |
264.040 |
|
|
|
2.960 |
(17.271) |
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 |
309.987 |
319.162 |
264.040 |
|
Profit/(Loss) |
(0.558) |
1.336 |
1.414 |
|
|
(0.18%) |
0.42% |
0.54% |
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 |
No |
|
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 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 |
STATE OF COMPANY’S AFFAIRS
The company had an increase in turnover decreased from INR 319.162 Million to INR 264.040 Million. The company generated profit of INR 1.414 Million after tax as compared the profit of INR 1.336 Million in the preceding financial year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
|
|
|
From Directors |
5.254 |
4.977 |
|
From Shareholders |
3.316 |
3.316 |
|
From Intercorporate Deposits |
5.347 |
5.176 |
|
Short-term
borrowings |
|
|
|
Loan from share holders |
4.111 |
4.588 |
|
Total |
18.028 |
18.057 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B59624379 |
10062491 |
STATE BANK OF INDIA |
04/07/2007 |
10/10/2012 |
- |
159500000.0 |
X-43, MIDC HNGNA BRANCH,HINGNA, NAGPUR. NAGPUR MAHARASHTRA 440016 INDIA |
|
2 |
G04028866 |
80048166 |
Bank of Baroda |
18/02/2006 |
26/04/2016 |
- |
28500000.0 |
Kurla Branch, Premier Road, Kurla (West), Mumbai MAHARASHTRA 400070 INDIA |
|
3 |
G04028254 |
90241382 |
Bank of Baroda |
24/03/2005 |
26/04/2016 |
- |
28500000.0 |
Kurla Branch, Premier Road, Kurla (West), Mumbai MAHARASHTRA 400070 INDIA |
|
4 |
Y10343406 |
90235769 |
STATE BANK OF INDIA |
15/02/1997 |
16/02/1998 |
- |
20000000.0 |
HINGNA INDUSTRIAL ESTATE BRANCH NAGPUR MUMBAI MAHARASHTRA INDIA |
|
5 |
Y10343747 |
90236110 |
DENA BANK |
17/08/2001 |
- |
20/07/2005 |
5500000.0 |
KURLA BRANCH MUMBAI MAHARASHTRA 400021 INDIA |
|
6 |
Y10343434 |
90235797 |
DENA BANK |
29/08/1997 |
- |
20/07/2005 |
4000000.0 |
KURLA BRANCH MUMBAI MAHARASHTRA 400021 INDIA |
|
7 |
Y10342992 |
90235355 |
CENTRAL BANK |
16/11/1987 |
- |
17/07/2005 |
100000.0 |
KURLA MUMBAI MAHARASHTRA 400021 INDIA |
|
8 |
Y10342990 |
90235353 |
DENA BANK |
26/10/1987 |
08/02/1993 |
15/10/2001 |
500000.0 |
KURLA BRANCH MUMBAI MAHARASHTRA 400021 INDIA |
|
9 |
Y10342833 |
90235196 |
DENA BANK |
24/12/1975 |
15/02/1988 |
15/10/2001 |
175000.0 |
OPP. RAILWAY STATION MUMBAI MAHARASHTRA 400021 INDIA |
|
10 |
Y10342818 |
90235181 |
STATE BANK OF INDIA |
05/11/1972 |
- |
24/12/1975 |
100000.0 |
HINGNA INDUSTRIAL ESTATE BRANCH NAGPUR MUMBAI MAHARASHTRA 400021 INDIA |
FIXED ASSETS
- Air Conditioner
- Computer
- Cycle
- Television
- Weight Bridge
- Furniture and Fixtures
- Xerox Machine
- Weighing Machines
- Refrigerator
- Office Equipment
- Computer Software
- Vibrators
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 64.81 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 79.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWE |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUD |
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.