MIPL-Logo

3decades

 

MIRA INFORM REPORT

 

 

Report No. :

493655

Report Date :

23.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

VIJAY LOGISTICS PRIVATE LIMITED

 

 

Registered Office :

Gat. No. 57 to 62, At Kuruli, Pune Nasik Highway, Taluka Khed, Pune-410501, Maharashtra

Tel. No.:

91-2135-675015

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

07.04.2003

 

 

Com. Reg. No.:

11-017859

 

 

Capital Investment / Paid-up Capital :

INR 1.800 Million

 

 

CIN No.:

[Company Identification No.]

U60231PN2003PTC017859

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AACCV6766B1Z8

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AACCV6766B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Providing logistic management services. [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

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Exist

 

 

Comments :

Subject was incorporated in the year 2003. The company is engaged in transportation and warehousing business.

 

As per the financial of 2017, the company has achieved a favourable growth in its revenue as compared to the previous year but has incurred net loss during the year under the review.

 

The overall financial position of the company seems to be healthy marked by above average net worth base along with low debt balance sheet profile.

 

Business is active. Payment seems to be usually correct.

 

In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition.

 

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

 

Rating Agency Name

CARE

Rating

Long term loans = BB (Issuer not cooperating)

Rating Explanation

Moderate risk of default

Date

28.04.2017

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2016.

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 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 DENIED BY

 

Name :

Ms. Nita Singh

Designation :

Accounts Department

Contact No.:

91-2135-675015

Date :

22.02.2018

 

 

LOCATIONS

 

Registered Office / Head Office :

Gat. No. 57 to 62, At Kuruli, Pune Nasik Highway, Taluka Khed, Pune-410501, Maharashtra, India

Tel. No.:

91-2135-675015

Fax No.:

Not Available

E-Mail :

chiragchawra@gmail.com

Website :

http://www.vijaylogistics.com

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Vijay Ravindersingh Dhaka

Designation :

Director

Address :

Flat No.101/C-1, Swapna Nagari, Pimpri, Pune-411018, Maharashtra, India

Date of Birth/Age :

12.08.1989

Date of Appointment :

04.06.2010

DIN No.:

03085730

 

 

Name :

Mr. Ajaysingh Ravindarsingh Dhaka

Designation :

Director

Address :

109/48, Swapna Nagari Building C/1, Flat No. 101/102, Pimpri, Pune-411018, Maharashtra, India

Date of Appointment :

26.03.2013

DIN No.:

06537732

 

 

KEY EXECUTIVES

 

Name :

Ms. Nita Singh

Designation :

Accounts Department

 

 

Name :

Chirag Chawra and Company

Designation :

Company Secretary

Address :

Office No.5, First Floor, Mahalaxmi Heights, Near Key’s Hotel, Pimpri, Pune-411018, Maharashtra, India

Tel. No.:

91-20-64100174

Mobile No.:

91-9923794174 / 7057109774

E-Mail :

chiragchawra@gmail.com

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2017

 

Names of Shareholders

No. of Shares

% of Holding

Vijay Ravindersingh Dhaka

9000

50.00

Ajaysingh Ravindarsingh Dhaka

9000

50.00

Total

18000

100.00

 

 

AS ON 30.09.2017

 

Equity Share Break up

Percentage

Category

 

 

Promoters - Individual/Hindu Undivided Family – Indian

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Providing logistic management services. [Registered Activity]

 

 

Products / Services :

Item Code No. (ITC Code)

Product Description

99831162

Logistic management services

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

Customers :

 

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

Bank Name

Axis Bank Limited

Branch

Trishul', 3rd Floor, Opposite to Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat, India

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

  • ICICI Bank Limited
  • Union Bank of India

 

 

Facilities :

SECURED LOANS

31.03.2017

INR In Million

31.03.2016

INR In Million

LONG TERM BORROWINGS

 

 

Vehicle Loans

 

 

ICICI Bank - Vehicle Body Loan (New 2518 FEB - 2015)

(Secured against NL01-N6051 -N6065 15 Vehicles)

2.256

3.284

ICICI Bank Refinance

(Secured against B87-88C07T013-19-20.33 C1753T01756 C1801 B181TO34089T093C1758T062)

0.000

4.221

ICICI Bank Limited - Vehicle Loan

( December 2015 - 2019)

(Secured against MH 14- EM6063,61,64,65,67,98,70,7163

3.872

5.799

ICICI Bank Limited - Vehicle Loan

(February 2016 - FEB. 2019)

(Secured against (New 2518-15 Vehicle- NL01N6051 -N6065)

13.490

19.638

YES Bank Loan (Vehicle Maintenance)

3.836

7.796

 

 

 

ICICI Bank 10 Vehicle Loan (Nov 2013) (NLo1L0422,23,24,25,26,27,28,29,30,31) (Nov 2013)

9.544

12.883

Axis Bank Limited - Body Loan (New 2518)

0.000

4.235

Axis Bank Limited - Body Loan (New 2518 - 10 Vehicle = March 17 to Feb 20

2.980

0.000

Axis Bank Limited - Vehicle Loan [New 2518 - 10 Vehicle = Feb 17 to Feb 20

10.260

0.000

ICICI Bank Limited Car Loan (Toyota Innova) (Sep 16)

1.219

0.000

ICICI Bank Refinance (Veh Nos MH12HD-2963-3563,3763-4463,9163-9363.8263)

15.477

0.000

Union Bank of India Car Loan [TATA TIAGO] (Oct-16)

0.334

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

UBI Cash Credit A/C No.388401010035196 (Secured Against Fixed deposit of INR 20.000 million)

65.262

59.478

UBI term loan A/c No.388406050000007 WAKI SITE

26.054

73.653

UBI A/c No.388404010030040 (Pune) [OD 62.900 million]

(secured Against: Hypo of movable assets and super structure warehouse additional Charge on Gat No. 57 to 67 located at Kuruli)

0.000

17.541

Vehicle Loans

 

 

Axis Bank Limited - Vehicle Loan (New 2518 - 10 Vehicle (Nov 14)

(Secured against L6928-L6937)

4.235

5.841

ICICI Bank Limited – Vehicle Loan (December 2015-2019)

(Secured against MH 14- -EM6063,61,64,65,67,98,70,7163)

1.943

1.768

ICICI Bank Limited - Vehicle Loan (February 2016-FEB2019)

(Secured against [New 2518-15 Vehicle- NL01N6051-N6065)

6.148

5.595

ICICI Bank 10 Vehicle body loan

(NL010L0422,23,24,25,26,27,28,29,30,31) (Nov 13)

0.000

2.158

ICICI Bank 10 Vehicle Loan (NL010L0422232425262728293031)

0.000

4.071

ICICI Bank Vehicle Loan (Sep 13)

[Veh Nos.MH12 HD5863596061676869707475767980818263]

0.000

4.538

ICICI Bank - Vehicle body loan (New 2518 FEB 2016)

1.028

0.935

ICICI Bank - Vehicle body loan (Sep 13)

[Veh Nos 15.MH12 HD5863596061676869707475767980818263]

0.000

2.452

ICICI Bank Limited car loan [Toyota fortuner-Mh14EC3063] (Nov 13)

0.000

0.572

ICICI Bank Limited – Body loan [New 2518-10 Vehicle = N1301 – N1310]

1.835

2.254

ICICI Bank Limited – Vehicle Loan [New 2518-10 Vehicle = N1301-N1310]

3.339

3.030

ICICI Bank Limited (Vehicle Loan March 2014)

0.000

4.134

ICICI Bank Refinance On 22 Veh Nos C-4894-97,4903,5717-20,..]

4.221

7.751

ICICI Bank Refinance (Period: Sep 2013)

[Veh Nos: HR46C1802C2857585960-C3936MH14AZ7163]

0.000

1.903

Yes Bank Loan (Vehicle Maintenance)

3.800

3.800

Axis Bank Limited – Body loan [New 2518-10 Vehicle = March 17 to Feb 20]

1.262

0.000

Axis Bank Limited – Vehicle loan [New 2518-10 Vehicle = Feb 17 to Feb 20]

4.738

0.000

ICICI Bank Limited car loan [Toyota Innova] (Sep 16)

0.775

0.000

ICICI Bank Refinance [Veh Nos HR46C2856-2860 (Mar18) For 19 Months]

3.646

0.000

ICICI Bank Refinance [Veh Nos MH12HD2963-3563,3763-4463,9163-9363,8263)

6.373

0.000

Union Bank of India Car Loan [TATA TIAGO] (Oct-16)

0.072

0.000

Total

197.999

259.330

 

 

Auditors :

 

Name :

Kishor Gujar and Associates

Chartered Accountants

Address :

Office No. 2, Mahalaxmi Heights, Near Bank of Maharashtra, Pimpri, Pune-411018, Maharashtra, India

Tel. No.:

91-20-27478224 / 27472930 / 27469079

E-Mail :

cakishorgujar@gmail.com

Website :

www.cakishorgujar.co.in

PAN No.:

AAFFK2703H

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

25000

Equity Shares

INR 100/- each

INR 2.500 Million

 

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

18000

Equity Shares

INR 100/- each

INR 1.800 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

1.800

1.800

1.800

(b) Reserves & Surplus

463.164

484.744

407.111

(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)

464.964

486.544

408.911

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

63.269

57.856

52.023

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

93.150

48.150

48.150

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

156.419

106.006

100.173

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

134.730

201.474

196.379

(b) Trade payables

20.046

8.291

14.458

(c) Other current liabilities

5.186

3.234

1.203

(d) Short-term provisions

85.126

50.987

50.379

Total Current Liabilities (4)

245.088

263.986

262.419

 

 

 

 

TOTAL

866.471

856.536

771.503

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

464.098

609.270

605.289

(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

0.000

0.000

0.000

(c) Deferred tax assets (net)

7.015

5.259

2.857

(d)  Long-term Loan and Advances

26.087

23.593

18.153

(e) Other Non-current assets

0.227

0.228

0.228

Total Non-Current Assets

497.427

638.350

626.527

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

167.316

96.027

34.250

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

83.242

50.384

57.135

(d) Cash and cash equivalents

29.952

2.456

1.751

(e) Short-term loans and advances

58.090

37.922

25.547

(f) Other current assets

30.444

31.397

26.293

Total Current Assets

369.044

218.186

144.976

 

 

 

 

TOTAL

866.471

856.536

771.503

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

892.423

742.943

715.797

 

Other Income

124.459

69.454

85.206

 

TOTAL

1016.882

812.397

801.003

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Employees benefits expense

81.727

57.211

44.237

 

Exceptional items

155.683

0.000

0.000

 

Extraordinary items

0.000

6.341

0.000

 

Other expenses

690.413

572.617

555.369

 

TOTAL

927.823

636.169

599.606

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

89.059

176.228

201.397

 

 

 

 

 

Less

FINANCIAL EXPENSES

12.649

12.894

17.508

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

76.410

163.334

183.889

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

48.884

52.079

68.380

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

27.526

111.255

115.509

 

 

 

 

 

Less

TAX

49.662

32.047

30.644

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

(22.136)

79.208

84.865

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

(1229.76)

4400.44

4714.73

 

 

 

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 operating activity

157.135

104.644

81.911

Net cash flow from operating activity

109.958

61.338

59.996

                                                                                           

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365)

34.05

24.75

29.13

 

 

 

 

Account Receivables Turnover

(Income / Sunday Debtors)

10.72

14.75

12.53

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.00

0.00

0.00

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.19

0.29

0.33

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.36

0.38

0.41

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.43

0.53

0.61

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.53

0.54

0.64

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

1.00

1.25

1.48

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

7.04

13.67

11.50

 

 

 

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

[(PAT / Sales) * 100]

%

(2.48)

10.66

11.86

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

(2.55)

9.25

11.00

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

(4.76)

16.28

20.75

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.51

0.83

0.55

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.51

0.83

0.55

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.54

0.57

0.53

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

110.00

144.07

138.00

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.51

0.83

0.55

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

1.800

1.800

1.800

Reserves & Surplus

407.111

484.744

463.164

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

408.911

486.544

464.964

 

 

 

 

Long-term borrowings

52.023

57.856

63.269

Short term borrowings

196.379

201.474

134.730

Total borrowings

248.402

259.330

197.999

Debt/Equity ratio

0.607

0.533

0.426

 

 

 

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

715.797

742.943

892.423

 

 

3.792

20.120

 

 

 

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

715.797

742.943

892.423

Profit / (Loss)

84.865

79.208

(22.136)

 

11.86%

10.66%

(2.48%)

 

 

 

LEGAL CASE

 

 

Case Details

 

Bench:-Bombay

 

Presentation Date:- 23/02/2017

Lodging No.:-

CEXAL/14/2017

 

Filing Date:-

23/02/2017

Reg. No.:-

CEXA/103/2017

Reg. Date:-

12/04/2017

 

Petitioner:-

 

THE COMMISSIONER OF CENTRAL EXCISE, CUSTOM AND SERVICE TAX, PUNE-I COMMISSIONERATE

Respondent:-

M/S. VIJAY LOGISTICS P. LIMITED

Petn.Adv.:-

SHAM V WALVE (I3200)

District

PUNE

Bench:

DIVISION

Status:-

Pre-Admission

Category:-

CENTRAL EXCISE APPEAL (CEXA)

Next Date :-

12/03/2018

Stage:-

FOR ADMISSION [ORIGINAL SIDE MATTERS]

Coram:

 

HON'BLE SHRI JUSTICE S.C. DHARMADHIKARI

HON'BLE SMT. JUSTICE B. H. DANGRE

Last Date:-

08/12/2017

Stage:-

FOR ADMISSION - FRESH

Last Coram:-

HON'BLE SHRI JUSTICE A.S. OKA

HON'BLE SHRI JUSTICE A. K. MENON

Act :-

Central Excise & Salt Act

Under Section:-

35G

 

 

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

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

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

Yes

32

Litigations that the firm/promoter involved in

Yes

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

 

OPERATIONS

 

During the financial year, the company is having loss of INR 22.136 million as compared to last year profit INR 79.208 million.

 

 

INDEX OF CHARGE:

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Amount

Address

1

G38761979

100084387

Axis Bank Limited

31/01/2017

15750000.0

Trishul', 3rd Floor, Opposite to Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat, India

2

G39946322

100087380

Axis Bank Limited

31/01/2017

4250000.0

Trishul', 3rd Floor, Opposite to Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat, India

3

C39224704

10540625

Axis Bank Limited

11/11/2014

17000000.0

Trishul', 3rd Floor, Opposite to Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat, India

4

B64381262

10392600

Axis Bank Limited

30/11/2012

8295000.0

Trishul', 3rd Floor, Opposite to Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat, India

5

B63166458

10389523

Axis Bank Limited

30/10/2012

7110000.0

Trishul', 3rd Floor, Opposite to Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat, India

6

B59133918

10379108

Axis Bank Limited

17/09/2012

5286810.0

Trishul', 3rd Floor, Opposite to Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat, India

7

B57515082

10375071

Axis Bank Limited

30/08/2012

17622700.0

Trishul', 3rd Floor, Opposite to Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat, India

8

B44992071

10368762

SREI Equipment Finance Private Limited

22/06/2012

4739175.0

'Vishwakarma', 86C, Topsia Road, Kolkata-700046, West Bengal, India

9

B18540757

10301507

SUNDARAM FINANCE LIMITED

23/06/2011

2414799.0

21, Patullos Road, Chennai-600002, Tamilnadu, India

10

B18538983

10301501

SUNDARAM FINANCE LIMITED

23/06/2011

2414799.0

21, Patullos Road, Chennai-600002, Tamilnadu, India

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

INR

US Dollar

1

INR 64.05

UK Pound

1

INR 90.41

Euro

1

INR 79.83

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

NYT

 

 

Report Prepared by :

BHG

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--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)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.