|
|
|
MIRA INFORM REPORT
|
Report No. : |
493751 |
|
Report Date : |
23.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
INTERNATIONAL PACKAGING PRODUCTS PRIVATE LIMITED (w.e.f.
28.04.2004) |
|
|
|
|
Formerly Known
As : |
INTERNATIONAL PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 602, 6th Floor, Antrishk Thakoor House, CTS No. 773, Makwana
Road, Marol, Andheri (East), Mumbai – 400093, Maharashtra |
|
Tel. No.: |
91-22-67416620 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
13.12.2000 |
|
|
|
|
Com. Reg. No.: |
11-130009 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 2.454 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21014MH2000PTC130009 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0302004793 |
|
|
|
|
TIN / CST No.: |
27121103354 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACI7987D1ZA |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI7987D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
and sale of plastic woven fabric in roll form and converted Industrial
fabrics, woven coated, printed fabrics and agro nets etc. [Registered activity and also
confirmed by management] |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “”Inter Wrap Inc.”, Canada. It is an
established company incorporated in the year 2000 having good track record. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has achieved profit margin at 3.83% (approximately). The company possesses sound financial profile marked by healthy
networth base along with debt free balance sheet of the company. The company also derives strength from its strong holding entity and
its experienced management team. Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitment. In view of strong holding support and sound financial base, 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
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 23.02.2018
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Hitesh Mehta |
|
Designation : |
Finance Department |
|
Contact No.: |
91-9824732747 |
|
Date : |
22.02.2018 |
LOCATIONS
|
Registered Office : |
Unit No. 602, 6th Floor, Antrishk Thakoor House, CTS No.
773, Makwana Road, Marol, Andheri (East), Mumbai – 400093, Maharashtra, India
|
|
Tel. No.: |
91-22-67416620/ 45/ 67416600 |
|
Mobile No.: |
91-9824732747 [Mr. H. Mehta] |
|
Fax No.: |
91-22-67416699 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2378 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory 1 : |
Survey No. 380/2, Dapada Village, Khanvel Silvassa Road – 396230,
Union Territory of Dadra and Nagar Haveli, India |
|
Tel. No.: |
91-260-2699385-388 |
|
Fax No.: |
91-260-2699390 |
|
|
|
|
Factory 2 : |
Sayli Village, Silvassa, Union Territory of Dadra and Nagar Haveli,
India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Opender Singh |
|
Designation : |
Director |
|
Address : |
DG-III/3, Vikas Puri, DDA Flats, New Delhi – 110018, India |
|
Date of Birth/Age : |
17.06.1966 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
06959527 |
|
|
|
|
Name : |
Mr. Srilekha Muralidharan Nair |
|
Designation : |
Director |
|
Address : |
B-202, Emperor Tower Vapi Daman Road, Chala Vapi, Valsad – 396191, Gujarat, India |
|
Date of Appointment : |
30.09.2016 |
|
DIN No.: |
07518300 |
|
|
|
|
Name : |
Mr. Gautam Anil Khandekar |
|
Designation : |
Additional Director |
|
Address : |
1601, Gemini, A Wing, Hiranandani Meadows Gladys Alwares Road, Thane (West), Thane – 400610, Maharashtra, India |
|
Date of Appointment : |
29.09.2017 |
|
DIN No.: |
07870968 |
KEY EXECUTIVES
|
Name : |
Mr. Hitesh Mehta |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
0979301, British Columbia Limited |
|
2454 |
|
Inter Wrap Inc., Canada |
|
242930 |
|
|
|
|
|
Total |
|
245384 |
Equity Share Break up (Percentage of Total Equity)
AS ON 15.09.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and sale of plastic woven fabric in roll form and converted Industrial
fabrics, woven coated, printed fabrics and agro nets etc. [Registered activity and also
confirmed by management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
|
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
|
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Cash, Advance Payment, Cheque, Credit and Others |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cash, Advance Payment, Cheque, Credit and Others |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Industries
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg,
Lower Parel (West), Mumbai – 400013, Maharashtra, India |
|
Auditors : |
|
|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
5th Floor, Block B 2, Nirlon Knowledge Park, Off. Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
PAN No.: |
ACHFS9180N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
· InterWrap Inc., Canada |
|
|
|
|
Fellow Subsidiary : |
· InterWrap Corporation · IBCO SRL · Quindago Novia Polymer Co. Limited · Interwrap Corp Private Limited · European Owens Corning Fbrglss · Owens Corning (India) Private Limited · Owens Corning (China ) Investment · Owens Corning Sales LLC · InterWrap B.V. · Interwrap Quindago Trading Co. Limited |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
245384 |
Equity Shares |
INR 10/- each |
INR 2.454 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 |
2.454 |
2.454 |
2.454 |
|
(b) Reserves & Surplus |
1461.570 |
1305.377 |
1071.953 |
|
(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) |
1464.024 |
1307.831 |
1074.407 |
|
|
|
|
|
|
(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 |
6.094 |
5.686 |
4.654 |
|
Total Non-current
Liabilities (3) |
6.094 |
5.686 |
4.654 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
137.267 |
|
(b) Trade
payables |
283.312 |
213.643 |
347.065 |
|
(c) Other
current liabilities |
182.998 |
274.425 |
224.631 |
|
(d) Short-term
provisions |
11.064 |
26.430 |
14.571 |
|
Total Current
Liabilities (4) |
477.374 |
514.498 |
723.534 |
|
|
|
|
|
|
TOTAL |
1947.492 |
1828.015 |
1802.595 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
553.912 |
578.561 |
544.266 |
|
(ii)
Intangible Assets |
6.118 |
0.379 |
0.178 |
|
(iii)
Capital work-in-progress |
57.654 |
47.745 |
12.399 |
|
(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) |
25.138 |
13.286 |
8.136 |
|
(d)
Long-term Loan and Advances |
127.148 |
25.991 |
28.992 |
|
(e) Other
Non-current assets |
33.847 |
19.719 |
53.819 |
|
Total Non-Current
Assets |
803.817 |
685.681 |
647.790 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
518.156 |
482.609 |
487.729 |
|
(c) Trade
receivables |
240.974 |
344.084 |
261.889 |
|
(d) Cash
and cash equivalents |
187.710 |
139.040 |
108.211 |
|
(e)
Short-term loans and advances |
111.649 |
75.853 |
155.741 |
|
(f) Other
current assets |
85.186 |
100.748 |
141.235 |
|
Total
Current Assets |
1143.675 |
1142.334 |
1154.805 |
|
|
|
|
|
|
TOTAL |
1947.492 |
1828.015 |
1802.595 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
4082.724 |
3841.179 |
3642.521 |
|
|
|
|
Other Income |
112.493 |
92.908 |
10.052 |
|
|
|
|
TOTAL |
4195.217 |
3934.087 |
3652.573 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
3161.785 |
2783.600 |
2673.321 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(96.166) |
76.728 |
26.229 |
|
|
|
|
Employee Benefits Expenses |
151.450 |
107.300 |
96.665 |
|
|
|
|
CSR expenditure |
0.100 |
0.040 |
0.000 |
|
|
|
|
Other expenses |
613.722 |
505.001 |
457.891 |
|
|
|
|
TOTAL |
3830.891 |
3472.669 |
3254.106 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
364.326 |
461.418 |
398.467 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
0.000 |
1.957 |
18.082 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
364.326 |
459.461 |
380.385 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
107.054 |
97.188 |
108.101 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
257.272 |
362.273 |
272.284 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
101.079 |
128.849 |
104.459 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
156.193 |
233.424 |
167.825 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
F.O.B.
Value of Exports |
3309.868 |
3114.481 |
2810.516 |
|
|
|
TOTAL EARNINGS |
3309.868 |
3114.481 |
2810.516 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
519.457 |
687.098 |
542.847 |
|
|
|
|
Components and Stores
parts |
11.360 |
63.05 |
8.259 |
|
|
|
|
Capital Goods |
3.832 |
4.066 |
18.660 |
|
|
|
TOTAL IMPORTS |
534.649 |
754.214 |
569.766 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
636.52 |
951.26 |
683.93 |
||
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 flow from (used in) operations |
396.136 |
442.689 |
328.920 |
|
Net cash flows from (used in) operating activities |
223.028 |
317.094 |
206.406 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
21.54 |
32.70 |
26.24 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
16.94 |
11.16 |
13.91 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
32.71 |
28.01 |
47.39 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.70 |
0.96 |
0.82 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.59 |
0.74 |
0.72 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.25 |
0.28 |
0.40 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.13 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.33 |
0.39 |
0.67 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.42 |
0.48 |
0.52 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
235.78 |
22.04 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
3.83 |
6.08 |
4.61 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.02 |
12.77 |
9.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.67 |
17.85 |
15.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.40 |
2.22 |
1.60 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.31 |
1.28 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.75 |
0.72 |
0.60 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
55.94 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.40 |
2.22 |
1.60 |
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 |
2.454 |
2.454 |
2.454 |
|
Reserves & Surplus |
1071.953 |
1305.377 |
1461.570 |
|
Net
worth |
1074.407 |
1307.831 |
1464.024 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
137.267 |
0.000 |
0.000 |
|
Total
borrowings |
137.267 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.128 |
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
|
3642.521 |
3841.179 |
4082.724 |
|
|
|
5.454 |
6.288 |
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
|
3642.521 |
3841.179 |
4082.724 |
|
Profit/(Loss) |
167.825 |
233.424 |
156.193 |
|
|
4.61% |
6.08% |
3.83% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF BUSINESS OPERATIONS AND FUTURE
PROSPECTS:
The gross income earned during the year was of INR 4195.217 million as against that of INR 3934.087 million for the previous year. The Turnover of the Company was INR 4183.282 million during the current year. After adjusting expenses, the profit before tax for the current year was of INR 257.272 million as against profit was of INR 362.273 million for the corresponding previous year. Whereas, after deducting all taxes, the profit was of INR 156.193 million for the current year as against profit of INR 233.424 million for the previous year. The Directors are hopeful of a better performance in the current year in line with the plans envisaged and strategies implemented.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G49009764 |
10345180 |
HDFC BANK LIMITED |
02/03/2012 |
- |
20/07/2017 |
400000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
2 |
G48269278 |
10368907 |
HDFC BANK LIMITED |
09/06/2012 |
- |
21/06/2017 |
400000000.0 |
1ST FLOOR, CROSSWAY MALLGHODDOD ROAD SURAT GJ395007IN |
|
3 |
G14897516 |
10349210 |
BANK OF BARODA |
23/02/2012 |
- |
07/10/2016 |
75344000.0 |
SILVASSA BRANCH, OPPOSITE PIONEER HOTEL ADIVASIBHAVAN, TOKARKHADA, SILVASSA DN396230IN |
|
4 |
C81035776 |
10156435 |
BARCLAYS BANK PLC |
23/04/2009 |
28/10/2010 |
02/03/2016 |
250000000.0 |
601/603, CEEJAY HOUSE, SHIVSAGAR ESTATE DR. ANNIE BESANT ROAD, WORLI MUMBAI MH400018IN |
|
5 |
C81036667 |
10156434 |
BARCLAYS BANK PLC. |
23/04/2009 |
- |
02/03/2016 |
120000000.0 |
CEEJAY HOUSE, SHIVSAGAR ESTATE, DR.A. BEASANT ROAD, WORLI. MUMBAI MH400018IN |
|
6 |
B41863457 |
10086019 |
BARCLAYS BANK PLC. |
14/01/2008 |
16/09/2010 |
01/06/2012 |
250000000.0 |
601/603, CEEJAY HOUSE, SHIVSAGAR ESTATE DR. ANNIE BESANT ROAD, WORLI MUMBAI MH400018IN |
|
7 |
B02919496 |
10086032 |
BARCLAYS BANK PLC |
14/01/2008 |
- |
24/12/2010 |
200000000.0 |
CEEJAY HOUSE, SHIVSAGAR ESTATEANNIE BESANT ROAD, WORLI MUMBAI MH400018IN |
|
8 |
A34526830 |
90141382 |
THE HONGKONG & SHANGHAI BANKING CORP. LIMITED |
29/10/2004 |
- |
26/02/2008 |
100000000.0 |
52/60; MAHATMA GANDHI ROAD FORT MUMBAI MH400001IN |
|
9 |
A34527143 |
90145331 |
THE HONGKONG & SHANGHAI BANKING CORP. LIMITED |
06/08/2004 |
- |
26/02/2008 |
100000000.0 |
52/60; MAHATMA GANDHI ROAD FORT MUMBAI MH400001IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 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 65.05 |
|
|
1 |
INR 90.41 |
|
Euro |
1 |
INR 79.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
YES |
|
--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.