|
|
|
MIRA INFORM REPORT
|
Report No. : |
484485 |
|
Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALLANASONS PRIVATE LIMITED (w.e.f. 29.10.2014) |
|
|
|
|
Formerly Known
As : |
ALLANASONS LIMITED |
|
|
|
|
Registered
Office : |
Allana House, 4, Allana Road, Colaba, Mumbai – 400001, Maharashtra |
|
Tel. No.: |
91-22-22811000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
01.02.1973 |
|
|
|
|
Com. Reg. No.: |
11-016285 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 19.099 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51990MH1973PTC016285 |
|
|
|
|
TIN No.: |
27550246462 |
|
|
|
|
IEC No.: |
0388078375 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4533D |
|
|
|
|
GST No.: |
27AAACA4533D1Z6 [Mumbai] 29AAACA4533D1Z2 [Bangalore] |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Exporting, Trading and Processing of Foodstuffs. [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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Phoenicia Shipping Company Limited” and was incorporated on 01st February 1973. The company has a presence in domestic trade and export of frozen food, spices, oil seeds, edible oil, coffee, cereals and fruits most of which are exported primarily to South East nations Europe and Middle East. For the financial year ended 2016, the company has achieved 2.62% growth in its revenue as compared to previous year revenue and has maintained average profitability margin of 1.32% during the year under review. Rating continues to derive strength from experienced promoters in food processing business, increasing business scale, established brand name, wide international presence with diversified product portfolio, and long-standing customer’s relations. Rating also takes into consideration company’s established track record of business operations supported by its satisfactory financial profile along with sound net worth base and above average debt coverage indicators. Moreover, company also receives strong financial and managerial support from its holding entity. However, rating strength is partially offset by trading nature of business operations along with susceptibility to fluctuation in commodity prices movement imparting volatility to profitability and intense competition in the industry. Trade relations are reported as fair. Payments are reported to be regular and as per commitments. In view of aforesaid, the company can be considered good for normal business dealings at usual trade terms and conditions. NOTE: As per Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to financial for the year 31.03.2017 are not available from any sources. |
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 |
CARE |
|
Rating |
Short term Bank Facilities : A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
03.01.2018 |
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 06.01.2018
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-22-22811000]
[91-22-22628000/ 66569000/ 22874455] Numbers are continuously ringing
LOCATIONS
|
Registered Office : |
Allana House, 4, Allana Road, Colaba, Mumbai – 400001, Maharashtra,
India |
|
Tel. No.: |
91-22-22811000/ 22874455 |
|
Fax No.: |
91-22-22044821/ 22047002 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Allana Centre, A. R. J. Allana Marg, 113 / 115 M.G Road, Fort, Mumbai
- 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22628000/ 66569000 |
|
Fax No.: |
91-22-22695700/ 22695701 |
|
|
|
|
Branch Offices : |
Located at: ·
Bangalore ·
Mangalore ·
New Delhi ·
Hyderabad ·
Kochi ·
Punjab ·
Uttar Pradesh ·
Madhya Pradesh ·
Telangana ·
Gujarat ·
Tamilnadu ·
Navi Mumbai ·
West Bengal
|
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Rashid Sohrab Kadimi |
|
Designation : |
Director |
|
Address : |
4C-14, Versova View, 4 Bunglow Road, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Date of Birth/Age : |
17.07.1948 |
|
Qualification : |
BE, MBA, ICWA |
|
PAN No.: |
AALPK3031E |
|
Date of Appointment : |
09.05.2011 |
|
DIN No.: |
00212790 |
|
|
|
|
Name : |
Mr. Shaikh Khalil Shakil |
|
Designation : |
Director |
|
Address : |
Flat No. C-110, 1st Floor, Liberty Comp, Vashi, Navi Mumbai
– 400705, Maharashtra, India |
|
Date of Birth/Age : |
19.08.1969 |
|
Date of Appointment : |
01.09.2012 |
|
DIN No.: |
01205080 |
|
|
|
|
Name : |
Mr. Fauzan Mustafa Alavi |
|
Designation : |
Director |
|
Address : |
603-Carlton Court, Perry Cross Road, Bandra (West), Mumbai – 400050, Maharashtra,
India |
|
Date of Birth/Age : |
16.12.1969 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
14.06.2011 |
|
DIN No.: |
03552053 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Phoenicia Shipping Company Limited, India |
|
159628 |
|
Allana Investments and Trading Company Limited, India |
|
31355 |
|
S N Bhatri holding as nominee for Allana Investments and Trading
Company Limited |
|
01 |
|
Anwar Chauhan holding as nominee for Allana Investments and Trading
Company Limited |
|
01 |
|
M K Haridas holding as nominee for Allana Investments and Trading
Company Limited |
|
01 |
|
R S Kadimi holding as nominee for Allana Investments and Trading
Company Limited |
|
01 |
|
Iqbal Abdulgani Soorya holding as nominee for Allana Investments and
Trading Company Limited |
|
01 |
|
|
|
|
|
Total |
|
190988 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Exporting, Trading and Processing of Foodstuffs. [Registered Activity] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
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Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||
|
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|
|||||||||||||||
|
Customers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Information denied by the management |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Mumbai Samachar Marg Branch, 66/80 Mumbai Samachar Marg, Mumbai - 400023, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Rajendra and Company Chartered Accountants |
|
Address : |
1311, Dalamal Tower, 211 Nariman Point, Mumbai,
Maharashtra, India |
|
PAN
No.: |
AAAFB6405G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
· Phoenicia Shipping Company Private Limited, India [U35110MH1976PTC019187] |
|
|
|
|
Associates: |
· Indagro Foods Private Limited, India [U15100MH1992PTC068160] · Allana Cold Storage Private Limited, India [U63020MH1973PTC016807] · Alagro Trading Private Limited, India [U51900MH1984PTC033754] · Allana Pharmachem Private Limited, India [U65990MH1984PTC032824] |
|
|
|
|
Enterprises which are owned, or have significant influence of
or are partners with Key management personnel and their
relatives: |
· IVP Limited, India [L74999MH1929PLC001503] |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
190988 |
Equity Shares |
INR 100/- each |
INR 19.099
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.099 |
19.099 |
19.099 |
|
(b) Reserves and Surplus |
5726.181 |
4673.451 |
4237.246 |
|
(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) |
5745.280 |
4692.550 |
4256.345 |
|
|
|
|
|
|
(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 |
38.892 |
32.871 |
16.977 |
|
Total Non-current
Liabilities (3) |
38.892 |
32.871 |
16.977 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1656.250 |
0.000 |
1249.998 |
|
(b) Trade
payables |
19595.025 |
18415.401 |
16826.195 |
|
(c) Other
current liabilities |
74.203 |
28.071 |
102.141 |
|
(d) Short-term
provisions |
48.304 |
40.822 |
37.768 |
|
Total Current
Liabilities (4) |
21373.782 |
18484.294 |
18216.102 |
|
|
|
|
|
|
TOTAL |
27157.954 |
23209.715 |
22489.424 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
522.759 |
309.936 |
275.222 |
|
(ii)
Intangible Assets |
4.552 |
10.380 |
25.470 |
|
(iii) Tangible assets
capital work-in-progress |
16.703 |
59.844 |
2.002 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
817.028 |
817.028 |
817.035 |
|
(c) Deferred tax assets (net) |
10.538 |
20.589 |
1.481 |
|
(d)
Long-term
loans and advances |
26.083 |
13.423 |
54.062 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1397.663 |
1231.200 |
1175.272 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
6800.982 |
5875.911 |
6942.671 |
|
(c) Trade
receivables |
8443.072 |
7598.315 |
10023.781 |
|
(d) Cash and bank
balances |
9260.046 |
7302.863 |
3472.605 |
|
(e)
Short-term loans and advances |
776.400 |
767.636 |
455.204 |
|
(f) Other
current assets |
479.791 |
433.790 |
419.892 |
|
Total
Current Assets |
25760.291 |
21978.515 |
21314.153 |
|
|
|
|
|
|
TOTAL |
27157.954 |
23209.715 |
22489.425 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
109150.953 |
106366.910 |
104781.679 |
|
|
Other Income |
90.162 |
39.581 |
3.296 |
|
|
TOTAL |
109241.115 |
106406.491 |
104784.975 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2859.188 |
3498.222 |
2168.648 |
|
|
Purchases of
Stock-in-Trade |
98283.690 |
93552.855 |
93916.214 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(700.242) |
595.930 |
(1296.087) |
|
|
Employee benefit expense |
418.577 |
469.958 |
228.316 |
|
|
CSR expenditure |
39.866 |
30.679 |
0.000 |
|
|
Other expenses |
6035.568 |
5963.029 |
7302.217 |
|
|
TOTAL |
106936.647 |
104110.673 |
102319.308 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
2304.468 |
2295.818 |
2465.667 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
2304.468 |
2295.818 |
2465.667 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
86.951 |
83.917 |
47.098 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
2217.517 |
2211.901 |
2418.569 |
|
|
|
|
|
|
|
Less |
TAX |
771.711 |
779.262 |
826.282 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1445.806 |
1432.639 |
1592.287 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
100571.231 |
98882.411 |
|
|
TOTAL
EARNINGS |
0.000 |
100571.231 |
98882.411 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
275.845 |
|
|
Components and Stores parts |
0.000 |
0.662 |
0.000 |
|
|
TOTAL
IMPORTS |
0.000 |
0.662 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
7570.14 |
11689.95 |
8337.11 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1282.960 |
6756.434 |
(571.688) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
500.887 |
5954.661 |
(1404.069) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
28.23 |
26.07 |
34.92 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
12.93 |
14.00 |
10.45 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
70.71 |
69.26 |
63.92 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.34 |
0.39 |
0.36 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
4.24 |
6.04 |
8.15 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.79 |
0.80 |
0.81 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.29 |
0.00 |
0.29 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.72 |
3.94 |
4.28 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.09 |
0.08 |
0.07 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.32 |
1.35 |
1.52 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.32 |
6.17 |
7.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
25.17 |
30.53 |
37.41 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.21 |
1.19 |
1.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.89 |
0.87 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.21 |
0.20 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
86.72 |
0.00 |
65.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.21 |
1.19 |
1.17 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
19.099 |
19.099 |
19.099 |
|
Reserves & Surplus |
4237.246 |
4673.451 |
5726.181 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
4256.345 |
4692.550 |
5745.280 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1249.998 |
0.000 |
1656.250 |
|
Total
borrowings |
1249.998 |
0.000 |
1656.250 |
|
Debt/Equity
ratio |
0.294 |
0.000 |
0.288 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
104781.679 |
106366.910 |
109150.953 |
|
|
|
1.513 |
2.617 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
104781.679 |
106366.910 |
109150.953 |
|
Profit/ (Loss) |
1592.287 |
1432.639 |
1445.806 |
|
|
1.52% |
1.35% |
1.32% |
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 |
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 |
No |
|
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G01605229 |
100020256 |
YES BANK LIMITED |
24/03/2016 |
- |
- |
2000000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIADR. A. B. ROAD, WORLIMUMBAIMH400018IN |
|
2 |
G00410779 |
100016596 |
The Hongkong and Shanghai Banking Corporation Limited |
17/03/2016 |
- |
- |
7665000000.0 |
52/60M.G. Road, FortMumbaiMH400001IN |
|
3 |
C65893190 |
10594368 |
HDFC BANK LIMITED |
07/09/2015 |
- |
- |
5000000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
C64827959 |
10592279 |
KOTAK MAHINDRA BANK LIMITED |
04/09/2015 |
- |
- |
3000000000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMH400051IN |
|
5 |
C59846360 |
10362020 |
UNION BANK OF INDIA |
19/06/2012 |
17/07/2015 |
- |
3400000000.0 |
MUMBAI SAMACHAR MARG BRANCH66/80 MUMBAI SAMACHAR MARG BRANCHMUMBAIMH400023IN |
|
6 |
B34868836 |
10341799 |
VIJAYA BANK |
14/03/2012 |
- |
- |
1600000000.0 |
OVERSEAS BRANCHNARIMAN POINTMUMBAIMH400021IN |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Guarantees |
123.918 |
9.600 |
|
Other money for which company is contingently liable |
58.367 |
81.197 |
REVIEW OF
OPERATIONS:
During
the year the Company achieved a turnover of INR 109150.900 Million as compared to
INR.106366.900 Million in the previous year. The profit after tax for the
current year is INR.1445.800 Million as compared to INR 1432.600 Million for
the previous year.
FIXED ASSETS:
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Office equipment
Intangible assets
· Computer software
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 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 63.38 |
|
UK Pound |
1 |
INR 86.02 |
|
Euro |
1 |
INR 76.50 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
RUP |
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.