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|
MIRA INFORM REPORT
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Report No. : |
485881 |
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Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
NISHANT ORGANICS PRIVATE LIMITED (w.e.f. 23.06.2015) |
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Formerly Known
As : |
NISHANT ENTERPRISES PRIVATE LIMITED |
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Registered
Office : |
2, Capriana Apartments, 27, Rajnagar Society, Akota, Vadodara –
390015, Gujarat |
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Tel. No.: |
91-265-2355472 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
30.11.1994 |
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Com. Reg. No.: |
04-023730 |
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Capital
Investment / Paid-up Capital : |
INR 8.552 Million |
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CIN No.: [Company Identification
No.] |
U45201GJ1994PTC023730 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACN6800A |
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GSTIN/UIN : |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
(Registered Activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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 1994. It is a manufacturer of
Organic and Inorganic Chemicals. For the financial year 2017, the revenue of the company has increased
by 10.16% along with average profit margin of 1.58%. The sound financial profile of the company is marked by adequate
networth base along with negligible debt level. The rating takes into consideration the subject’s long track record of
business operations along with extensive experience of its promoters. However, rating strengths are partially offset unfavourable gap
between trade payables and trade receivables. Business is active. Payments are reported 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 13.01.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-265-2355472)
LOCATIONS
|
Registered Office : |
2, Capriana Apartments, 27, Rajnagar Society, Akota, Vadodara –
390015, Gujarat, India |
|
Tel. No.: |
91-265-2355472/ 2355473/ 2355478 |
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Fax No.: |
91-265-2355468 |
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E-Mail : |
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Website : |
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Factory : |
40/1, Jayant Desai Marg, Vagdhara Road, Dadra – 396193, (UT of Dadra and
Nagar Haveli), India |
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Tel. No.: |
91-260-2668927/ 2668928/ 3295658 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Parulbhai Laxmanbhai Patel |
|
Designation : |
Managing Director |
|
Address : |
2, Capriana Apartment, Rajnagar, Near Axota Stadium, Vadodara – 390005, Gujarat, India |
|
Date of Birth/Age : |
17.08.1958 |
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Date of Appointment : |
30.11.1994 |
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DIN No.: |
00403746 |
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|
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|
Name : |
Mr. Tarakbhai Laxmanbhai Patel |
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Designation : |
Director |
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Address : |
2, Capriana Apartments, 27, Rajnagar Society, Akota, Vadodara – 390015, Gujarat, India |
|
Date of Birth/Age : |
04.01.1967 |
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Date of Appointment : |
15.07.2008 |
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DIN No.: |
02259588 |
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Name : |
Mr. Nishant Parulbhai Patel |
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Designation : |
Director |
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Address : |
GF 2, Capriana Apartment, 27, Rajnagar Society, Akota, Vadodara – 390020, Gujarat, India |
|
Date of Appointment : |
27.02.2015 |
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DIN No.: |
02924264 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Parulbhai Laxmanbhai Patel |
|
83840 |
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Parulbhai L Patel HUF |
|
64100 |
|
Ujamben Laxmanbhai Patel |
|
127689 |
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Tarakbhai Laxmanbhai Patel |
|
89429 |
|
Amiben Tarakbhai Patel |
|
68900 |
|
Bhartiben Parulbhai Patel |
|
184480 |
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Harshadbhai Naranbhai Chatrola |
|
4803 |
|
Tarakbhai L Patel HUF |
|
57000 |
|
Nishant Parulbhai Patel |
|
79485 |
|
Sujataben Harshadbhai Chatrola |
|
95507 |
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Total |
|
855233 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
99.44 |
|
Public/Other than promoters (Individual/Hindu Undivided Family- Indian) |
0.56 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
(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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Parikh Shah Chotalia and Associates Chartered Accountants |
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Address : |
A/11, Sahjanand Apartments, Tarang Society, Opposite Akota Stadium,
Productivity Road, Vadodara – 390020, Gujarat, India |
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Tel. No.: |
91-265-2335917/ 2335918 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AADFR8971L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprise over
which key management personnel and their relatives have significant influence
: |
Tarak Roadlines |
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Other Related
Parties : |
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CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1750000 |
Equity Shares |
INR 10/- each |
INR 17.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
855233 |
Equity Shares |
INR 10/- each |
INR 8.552
Million |
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|
|
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 |
8.552 |
8.552 |
6.500 |
|
(b) Reserves & Surplus |
169.039 |
157.619 |
113.729 |
|
(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) |
177.591 |
166.171 |
120.229 |
|
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
8.066 |
6.122 |
6.523 |
|
(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 |
2.116 |
2.878 |
0.000 |
|
Total Non-current
Liabilities (3) |
10.182 |
9.000 |
6.523 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
52.257 |
57.314 |
64.791 |
|
(b) Trade
payables |
106.847 |
83.489 |
4.414 |
|
(c) Other current
liabilities |
9.448 |
12.935 |
6.105 |
|
(d) Short-term
provisions |
0.805 |
2.400 |
0.017 |
|
Total Current
Liabilities (4) |
169.357 |
156.138 |
75.327 |
|
|
|
|
|
|
TOTAL |
357.130 |
331.309 |
202.079 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
80.443 |
78.757 |
22.821 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
10.847 |
11.580 |
25.150 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.557 |
0.321 |
0.071 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
36.179 |
33.233 |
29.130 |
|
(e) Other Non-current
assets |
0.343 |
0.210 |
0.075 |
|
Total Non-Current
Assets |
128.369 |
124.101 |
77.247 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
83.970 |
71.300 |
30.146 |
|
(c) Trade
receivables |
87.538 |
81.402 |
60.891 |
|
(d) Cash
and cash equivalents |
0.220 |
3.012 |
0.152 |
|
(e)
Short-term loans and advances |
56.919 |
51.474 |
33.630 |
|
(f) Other
current assets |
0.114 |
0.020 |
0.013 |
|
Total
Current Assets |
228.761 |
207.208 |
124.832 |
|
|
|
|
|
|
TOTAL |
357.130 |
331.309 |
202.079 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
722.710 |
655.999 |
700.028 |
|
|
Other Income |
5.434 |
3.629 |
3.743 |
|
|
TOTAL |
728.144 |
659.628 |
703.771 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
610.392 |
543.094 |
581.542 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(15.108) |
1.530 |
39.469 |
|
|
Employees benefits
expense |
30.873 |
24.321 |
17.625 |
|
|
Other expenses |
60.473 |
53.794 |
41.681 |
|
|
Exceptional Items |
0.520 |
0.000 |
0.000 |
|
|
TOTAL |
687.150 |
622.739 |
680.317 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
40.994 |
36.889 |
23.454 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
8.579 |
6.970 |
6.325 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
32.415 |
29.919 |
17.129 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.209 |
11.678 |
7.156 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
19.206 |
18.241 |
9.973 |
|
|
|
|
|
|
|
Less |
TAX |
7.786 |
8.182 |
4.417 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
11.420 |
10.059 |
5.556 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
148.831 |
138.772 |
107.105 |
|
|
|
|
|
|
|
Less |
Arrears
of Depreciation |
0.000 |
0.000 |
(26.111) |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
160.251 |
148.831 |
138.772 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
61.235 |
58.459 |
3.621 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials and
Components |
179.797 |
90.060 |
18.886 |
|
|
TOTAL IMPORTS |
179.797 |
90.060 |
18.886 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
13.35 |
15.47 |
8.55 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
4.011 |
7.376 |
4.675 |
|
Cash generated from operations |
27.855 |
73.674 |
69.452 |
|
Net cash flow from operating activity |
18.544 |
65.992 |
46.955 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
44.21 |
45.29 |
31.75 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
8.26 |
8.06 |
11.50 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
63.89 |
56.11 |
2.77 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.49 |
0.52 |
0.78 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.45 |
0.41 |
0.49 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.51 |
0.51 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.36 |
0.43 |
0.63 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.95 |
0.94 |
0.63 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.51 |
0.54 |
0.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.78 |
5.29 |
3.71 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
1.58 |
1.53 |
0.79 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.20 |
3.04 |
2.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.43 |
6.05 |
4.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.35 |
1.33 |
1.66 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.85 |
0.87 |
1.26 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.50 |
0.50 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.52 |
8.28 |
11.69 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.35 |
1.33 |
1.66 |
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 |
6.500 |
8.552 |
8.552 |
|
Reserves & Surplus |
113.729 |
157.619 |
169.039 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
120.229 |
166.171 |
177.591 |
|
|
|
|
|
|
long-term borrowings |
6.523 |
6.122 |
8.066 |
|
Short term borrowings |
64.791 |
57.314 |
52.257 |
|
Current Maturities of
Long term debt |
4.675 |
7.376 |
4.011 |
|
Total borrowings |
75.989 |
70.812 |
64.334 |
|
Debt/Equity ratio |
0.632 |
0.426 |
0.362 |
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 |
700.028 |
655.999 |
722.710 |
|
|
|
(6.290) |
10.169 |
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 |
700.028 |
655.999 |
722.710 |
|
Profit/(Loss) |
5.556 |
10.059 |
11.420 |
|
|
0.79% |
1.53% |
1.58% |
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from “9, Second Floor, Ravi Kiran Complex, Valiya Chowadi GIDC, Ankleshwar – 393002, Gujarat, India” to the present address w.e.f. 17.01.2007
STATE OF AFFAIRS:
The turnover has increased in the current financial year by 10% in
comparison to the FY 2015-16. The company is progressing in the direction of
achievement of increased target in terms of turnover post the amalgamation in
the previous year with the associated company Lakshya Enterprises Private
Limited
AMALGAMATION OF
LAKSHYA ENLERPRISES WITH THE COMPANY WITH EFFECT FROM 1ST APRIL, 2015
- The Company had submitted a Petition for amalgamation of Lakshya Enterprises Private Limited with the Company before the order of High Court of Gujarat. The said petition has been approved by the High Court of Gujarat vide its order dated 31st August, 2015. ln accordance to the scheme of amalgamation, all assets, liabilities, rights, powers, duties and obligations of the said company have been transferred to and vested in the Company with effect from 1st April'2015 on a going concern basis. Accordingly, the accounts of the Company have been prepared giving effect to the scheme and include transactions relating to the Amalgamating Company from 1st April 2016 to 31st August 2016 (P.Y. : 1st April 2016 Io 31st March 2016)
- The amalgamation being in the nature of merger has been accounted under the "Pooling of interests" method as prescribed by Accounting Standard-14 issued by the institute of Chartered Accountants of India. Hence, the assets and liabilities of all the erstwhile transferor company have been taken over of their book: values.
- Pursuant to the Scheme of Amalgamation, equity shores of INR 10/- representing o shore capital of INR 2.052 Million each have been allotted to the shareholders of the transferor company.
- The land and investments held by the erstwhile Amalgamating Company are in the process of being transferred in the name of the Company
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Deposits Loans and advances from related parties |
5.326 |
1.749 |
|
|
|
|
|
Total |
5.326 |
1.749 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G48754659 |
100110806 |
HDFC BANK LIMITED |
15/03/2017 |
- |
- |
165000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
G48578256 |
10606032 |
HDFC BANK LIMITED |
31/10/2015 |
15/03/2017 |
- |
130000000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel WEST Mumbai MAHARASHTRA 400013 INDIA |
|
3 |
C70792643 |
10470565 |
HDFC BANK LIMITED |
21/12/2013 |
28/10/2015 |
- |
61500000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
4 |
C70939996 |
10454849 |
HDFC BANK LIMITED |
01/10/2013 |
31/10/2015 |
- |
61500000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
5 |
B74260159 |
10423328 |
HDFC BANK LIMITED |
24/04/2013 |
- |
- |
2164100.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
6 |
G46640306 |
90094497 |
HDFC BANK LIMITED |
18/05/2005 |
17/04/2017 |
- |
165000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
7 |
Y10182659 |
90096059 |
ORIENTAL BANK OF C0MMERCE |
08/02/2000 |
- |
20/05/2005 |
5000000.0 |
ANKLESHWAR BRANCH GIDC ANKLESHWAR GUJARAT 393002 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Other money for which the company is contingently liable |
|
|
|
-Letter of Credit |
38.403 |
26.501 |
FIXED ASSETS
- Land
- Building Factory
- Furniture and Fixtures
- Plant and Equipments
- Office Equipments
- Computer
- Vehicle
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 63.52 |
|
|
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYA |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.