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MIRA
INFORM REPORT
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Report No. : |
493977 |
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Report Date : |
28.02.2018 |
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Ghatkopar Link Road, Chakala, Andheri (East), Mumbai – 400093,
Maharashtra, India”.
IDENTIFICATION DETAILS
|
Name : |
D'DECOR EXPORTS PRIVATE LIMITED |
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Registered
Office : |
S-14, 5th Floor, Unit No. 1452, Solitaire Corporate Park,
Andheri Ghatkopar Link Road, Chakala, Andheri (East), Mumbai – 400093,
Maharashtra |
|
Tel. No.: |
91-22-61152525 / 61152526 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
30.09.2013 |
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Com. Reg. No.: |
11-248691 |
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Capital
Investment / Paid-up Capital : |
INR 40.000 Million |
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CIN No.: [Company Identification
No.] |
U17120MH2013PTC248691 |
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IEC No.: [Import-Export Code No.] |
0398059748 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAECD8101E1Z1 |
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TIN No.: |
27371017711 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAECD8101E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is in the business of manufacturing and exporting textiles including home furnishing products. [Registered Activity] |
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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 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2013 and it is a manufacturer,
exporter of textile curtains and bad sheets, home decor fabrics, importer of
yarn. For the financial year ended 2017, the company has achieved an average
growth of 3.11% in revenue as compared to previous year and has earned a fair
profit margin of 8.45%. The company possesses healthy financial position marked by sound
networth base along with average debt balance sheet profile and comfortable
liquidity parameters. 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 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 |
CRISIL |
|
Rating |
Long term loans = A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
31.07.2017 |
|
|
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Rating Agency Name |
CRISIL |
|
Rating |
Short term loans = A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk |
|
Date |
31.07.2017 |
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 28.02.2018.
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
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-61152525)
Tel. No.: 91-22-66782000 (Continuously ringing)
LOCATIONS
|
Registered / Corporate Office : |
S-14, 5th Floor, Unit No. 1452, Solitaire Corporate Park,
Andheri Ghatkopar Link Road, Chakala, Andheri (East), Mumbai – 400093,
Maharashtra, India |
|
Tel. No.: |
91-22-61152525 / 61152526 / 66782000
/ 2020 |
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Fax No.: |
91-22-66152526 |
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E-Mail : |
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Website : |
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Factory 1 : |
Plot No. G-7/1, MIDC Industrial Area Estate, Tarapur, Boisar, District
Thane – 401506, Maharashtra, India |
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Factory 2 : |
Plot No. J 259, MIDC Industrial Area Estate, Tarapur, Boisar, District
Thane – 401506, Maharashtra, India |
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Factory 3 : |
Plot No. J 260, MIDC Industrial Area Estate, Tarapur, Boisar, District
Thane – 401506, Maharashtra, India |
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Factory 4 : |
Plot No. E 26/2, MIDC Industrial Area Estate, Tarapur, Boisar,
District Thane – 401506, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sanjay Virendrakumar Arora |
|
Designation : |
Managing Director |
|
Address : |
V.K. Cottage Plot No.54, Road No.9 JVPD Scheme Juhu, Vile Parle (West),
Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
08.04.1965 |
|
Date of Appointment : |
30.09.2013 |
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PAN No.: |
AACPA5352M |
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DIN No.: |
00276271 |
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Name : |
Mr. Virenderkumar Dharamchand Arora |
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Designation : |
Whole-time Director |
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Address : |
54 V.K. Cottage, JVPD Scheme, Juhu, Mumbai – 400049, Maharashtra, India |
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Date of Birth/Age : |
05.04.1939 |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
00276052 |
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Name : |
Mrs. Sameetaa Sanjay Arora |
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Designation : |
Whole-time Director |
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Address : |
V.K. Cottage Plot No.54, Road, No.9 JVPD Scheme Juhu, Vile Parle (West),
Mumbai – 400049, Maharashtra, India |
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Date of Birth/Age : |
09.08.1966 |
|
Date of Appointment : |
30.09.2013 |
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PAN No.: |
AAHPA3262B |
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DIN No.: |
03034072 |
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|
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Name : |
Mrs. Neena Virenderkumar Arora |
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Designation : |
Director |
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Address : |
54 V.K. Cottage, JVPD Scheme, Juhu, Mumbai – 400049, Maharashtra, India |
|
Date of Appointment : |
24.02.2015 |
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DIN No.: |
02576230 |
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Name : |
Ms. Sanjana Sanjay Arora |
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Designation : |
Director |
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Address : |
V.K. Cottage Plot No.54, Road, No.9 JVPD Scheme Juhu Vile Parle (West),
Mumbai – 400049, Maharashtra, India |
|
Date of Appointment : |
20.01.2015 |
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PAN No.: |
BAEPA3434A |
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DIN No.: |
06899341 |
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Name : |
Mr. Puransingh Shersingh Patwal |
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Designation : |
Director |
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Address : |
57, Sita Cottage, Union Park Palghar, Betegaon, Boisar, Thane – 401501, Maharashtra, India |
|
Date of Appointment : |
28.10.2015 |
|
DIN No.: |
07326921 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Arora |
|
3240000 |
|
Virenderkumar Arora |
|
300000 |
|
Neena V Arora |
|
300000 |
|
Sameetaa Arora |
|
80000 |
|
Sanjana Arora |
|
80000 |
|
Total |
|
4000000 |
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 : |
The company is in the business of manufacturing and exporting textiles including home furnishing 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
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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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Facilities : |
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Auditors : |
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Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
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Address : |
12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai, Maharashtra, India |
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PAN No.: |
AAHPR6634C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate Company : |
Zaira Holdings Private Limited, Singapore |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
CIN No.: U17120MH1999PTC118945
CIN No.: U51311MH2008PTC187390
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
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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 |
40.000 |
40.000 |
40.000 |
|
(b) Reserves and Surplus |
1313.457 |
891.807 |
419.186 |
|
(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) |
1353.457 |
931.807 |
459.186 |
|
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1667.462 |
2056.997 |
2358.206 |
|
(b) Deferred tax liabilities (Net) |
212.489 |
169.994 |
132.204 |
|
(c) Other long-term
liabilities |
27.919 |
18.643 |
18.643 |
|
(d) long-term
provisions |
39.062 |
32.522 |
21.545 |
|
Total Non-current
Liabilities (3) |
1946.932 |
2278.156 |
2530.598 |
|
|
|
|
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|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1573.028 |
1559.658 |
1051.612 |
|
(b) Trade
payables |
434.394 |
284.112 |
524.187 |
|
(c) Other
current liabilities |
421.491 |
451.539 |
371.391 |
|
(d) Short-term
provisions |
43.500 |
24.748 |
22.555 |
|
Total Current
Liabilities (4) |
2472.413 |
2320.057 |
1969.745 |
|
|
|
|
|
|
TOTAL |
5772.802 |
5530.020 |
4959.529 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3500.819 |
3494.239 |
2792.196 |
|
(ii)
Intangible Assets |
5.664 |
4.473 |
1.215 |
|
(iii) Tangible assets
capital work-in-progress |
177.936 |
0.000 |
120.119 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
1.979 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
31.884 |
57.627 |
124.095 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
3716.303 |
3556.339 |
3039.604 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1.979 |
1.979 |
0.000 |
|
(b)
Inventories |
656.453 |
647.179 |
452.957 |
|
(c) Trade
receivables |
1067.400 |
958.070 |
883.417 |
|
(d) Cash and
bank balances |
76.154 |
69.790 |
149.170 |
|
(e)
Short-term loans and advances |
254.513 |
296.663 |
434.381 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2056.499 |
1973.681 |
1919.925 |
|
|
|
|
|
|
TOTAL |
5772.802 |
5530.020 |
4959.529 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
5003.984 |
4852.926 |
4448.948 |
|
|
Other Income |
176.414 |
69.586 |
193.239 |
|
|
TOTAL |
5180.398 |
4922.512 |
4642.187 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1680.151 |
1675.742 |
1569.849 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.442 |
(184.838) |
(73.134) |
|
|
Employee benefit expense |
941.339 |
818.134 |
701.527 |
|
|
Other expenses |
1363.649 |
1307.657 |
1210.483 |
|
|
TOTAL |
3987.581 |
3616.695 |
3408.725 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1192.817 |
1305.817 |
1233.462 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
160.593 |
231.582 |
227.979 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1032.224 |
1074.235 |
1005.483 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
409.650 |
388.823 |
381.154 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
622.574 |
685.412 |
624.329 |
|
|
|
|
|
|
|
Less |
TAX |
199.924 |
213.791 |
311.313 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
422.650 |
471.621 |
313.016 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
2479.330 |
2695.992 |
2756.882 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
105.66 |
117.91 |
78.25 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
258.173 |
311.221 |
289.713 |
|
Net cash flows from (used in) operations |
1260.486 |
1334.743 |
1315.282 |
|
Net cash flows from (used in) operating activities |
1117.534 |
1151.185 |
1140.771 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
77.86 |
72.06 |
72.48 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
4.69 |
5.07 |
5.04 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
94.37 |
61.88 |
121.88 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.82 |
2.02 |
2.72 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.32 |
0.37 |
0.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.76 |
0.85 |
0.93 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.58 |
4.22 |
8.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.83 |
2.49 |
4.29 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.72 |
3.75 |
6.34 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
7.43 |
5.64 |
5.41 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
8.45 |
9.72 |
7.04 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.32 |
8.53 |
6.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
31.23 |
50.61 |
68.17 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.83 |
0.85 |
0.97 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.57 |
0.57 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.23 |
0.17 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
87.47 |
98.20 |
92.49 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.83 |
0.85 |
0.97 |
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 |
40.000 |
40.000 |
40.000 |
|
Reserves & Surplus |
419.186 |
891.807 |
1313.457 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
459.186 |
931.807 |
1353.457 |
|
|
|
|
|
|
Long-term borrowings |
2358.206 |
2056.997 |
1667.462 |
|
Short term borrowings |
1051.612 |
1559.658 |
1573.028 |
|
Current maturities of
long-term debts |
289.713 |
311.221 |
258.173 |
|
Total
borrowings |
3699.531 |
3927.876 |
3498.663 |
|
Debt/Equity
ratio |
8.057 |
4.215 |
2.585 |
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 |
4448.948 |
4852.926 |
5003.984 |
|
|
|
9.080 |
3.113 |
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 |
4448.948 |
4852.926 |
5003.984 |
|
Profit/ (Loss) |
313.016 |
471.621 |
422.650 |
|
|
7.04% |
9.72% |
8.45% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from 1081/1082, Building No. 10, Solitaire Corporate Park, 167, Guru
Hargovindji Marg, Chakala, Andheri (East), Mumbai-400093, Maharashtra, India to the present address w.e.f. 30.09.2015.
CORPORATE INFORMATION
The company is a private company domiciled in India and incorporated under the provisions of Part IX of the Companies Act, 1956 on 30th September, 2013 by conversion of D'DECOR EXPORTS, a Partnership Firm and transfer of all the assets and liabilities of the said firm on a going concern basis. The Company is in the business of manufacturing textiles including Home Furnishing Products. The manufacturing activities of the company are carried out at its plant at Tarapur, Maharashtra and the Company has its corporate office at Mumbai, Maharashtra.
STATE OF COMPANY’S
AFFAIRS:
Presently the Company is engaged in the business of making soft furnishing fabrics. Further it works as Manufacturers, producers, processors, importers, exporters, buyers, sellers of and dealers in all kinds of Textiles, fibers, fabrics and yarns and hosiery goods prepared or manufactured from cotton, wool, worsted, shoddy, silk, jute, ramie, hemp, linen, viscose, rayon, artificial, silk, nylon, polyester, acrylic, polypropylene, polynosic or any other synthetic, artificial and natural yarn, fibre and converters of synthetics, artificial and natural fibres including fibre-glass or their wastes or waste products into materials like cloth, readymade garments, made ups, ropes, tapes, yarn, hosiery goods, dress makers, furriers, clother and outfitter.
The highlights of the Company’s performance for the current FY 2016-17 as compared to the Previous FY 2015-16 are as under:
Net revenue from operations of the Company has been increased from INR 4852.926 million to INR 5003.984 million. Net Profit of the Company has been decreased from INR 471.621 million to INR 422.650 million. Earnings per share has been decreased from INR 117.91 to INR 105.66.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
1066.297 |
1197.809 |
|
Total |
1066.297 |
1197.809 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G76547132 |
100153704 |
HDFC BANK LIMITED |
30/12/2017 |
- |
600000000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
2 |
G01825363 |
10581442 |
Citi Bank N.A. |
23/06/2015 |
07/04/2016 |
650000000.0 |
First International Financial Centre, 9th Floor, Plot No. C-54 and 55, G-Block, BKC, Bandra (E), Mumbai-400051, Maharashtra, India |
|
3 |
C40503997 |
10543153 |
Union Bank of India |
04/12/2014 |
- |
850000000.0 |
Santacruz (West) Branch, La-avanti Jn.of. S.V. Road and Main Avenue, Mumbai-400054, Maharashtra, India |
|
4 |
C21545751 |
10521041 |
ICICI Bank Limited |
25/08/2014 |
- |
300000000.0 |
ICICI Bank Towers Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
|
5 |
C20419651 |
10519702 |
Union Bank of India |
05/08/2014 |
- |
185000000.0 |
Santacruz (West) Branch, "La-Avanti" Junction of S.V.Road, and Main Avenue, Santacruz (West), Mumbai-400054, Maharashtra, India |
|
6 |
G77774370 |
10472311 |
Union Bank of India |
23/12/2013 |
24/01/2018 |
2962500000.0 |
Santacruz (West) Branch, "La-Avanti" Junction of S.V.Road, and Main Avenue, Santacruz (West), Mumbai-400054, Maharashtra, India |
FIXED ASSETS:
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Computer
- Office equipment
- 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 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 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
BHG |
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.