|
|
|
MIRA INFORM REPORT
|
Report No. : |
485984 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
GRAINOTCH INDUSTRIES LIMITED [w.e.f. 19.07.2007] |
|
|
|
|
Formerly Known
As : |
AADITYA BREWERIES LIMITED |
|
|
|
|
Registered
Office : |
1, Govind Apartment, |
|
Tel. No.: |
91-253-2311344 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.11.2006 |
|
|
|
|
Com. Reg. No.: |
11-165848 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 240.620 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15549MH2006PLC165848 |
|
|
|
|
IEC No.: |
3108005014 |
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|
|
|
GSTIN No.: |
27AACCG8975B1ZG |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG8975B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturers of Grain Based Alcohol. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 2006. The company is a manufacturer
of grain extra neutral alcohol (GNS), rectified spirit (RS), impure spirits
(IS) and more. The company is also specialized in manufacturing high purity
vodka grade ENA. As per the financial of 2017, the company has achieved a decent growth
of 55.06% in its revenue as compared to the previous year and has gained a
favourable profitability margin of 9%. The company has adequate networth base, average base, average
liquidity position and comfortable debt balance sheet profile. However, rating is constrained on account of low reserve base of the
company. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 |
ICRA |
|
Rating |
Long Term Loans = BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
20.01.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Loans = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
20.01.2017 |
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 15.01.2018.
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 PARTED BY
|
Name : |
Mr. Ajay Khairnar |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9225148014 |
|
Date : |
13.01.2018 |
LOCATIONS
|
Registered Office : |
1, Govind Apartment, |
|
Tel. No.: |
91-253-2311344 |
|
Mobile No.: |
91-9225148014 (Mr. Ajay) |
|
Fax No.: |
91-253-2311355 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Head / Corporate Office : |
T13-14, Third Floor, Suyojit Sankul Apartment, Near Rajiv Gandhi
Bhavan, |
|
Area : |
350 Sq. Ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
Gat No.238/239, Village Bhendale, Taluka Gangapur, District |
|
Tel. No.: |
91-2433-228622/ 33/ 44/ 228744 |
|
Area : |
25 Acer |
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sanjay Changdeorao Holkar |
|
Designation : |
Managing Director |
|
Address : |
Yashoda,08, Mahesh Nagar, Ahilyadevi Holkar Marg, Golf Club, Nashik – 422001, Maharashtra, India |
|
Date of Birth/Age : |
03.09.1962 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
28.11.2006 |
|
PAN No.: |
AACPH5846D |
|
DIN No.: |
00154241 |
|
|
|
|
Name : |
Mr. Surendra Ramchandra Sanas |
|
Designation : |
Director |
|
Address : |
Bunglow No.56, St Patricks Town, Pune-Solapur Road, Hadapsar, Pune – 411013, Maharashtra, India |
|
Date of Birth/Age : |
24.10.1953 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
01.01.2010 |
|
PAN No.: |
ACHPS8958C |
|
DIN No.: |
00164013 |
|
|
|
|
Name : |
Mr. Sanjay Balkrushna Patil |
|
Designation : |
Director |
|
Address : |
Wakil Wadi, Malkapur – 443101, Maharashtra, India |
|
Date of Appointment : |
01.08.2011 |
|
DIN No.: |
01683255 |
|
|
|
|
Name : |
Mr. Sanjay Vasant Patil |
|
Designation : |
Director |
|
Address : |
59, Shri Shivaji Co Operative Housing Society, Senapati Bapat Road, Pune – 411016, Maharashtra, India |
|
Date of Appointment : |
10.10.2007 |
|
DIN No.: |
01847946 |
|
|
|
|
Name : |
Mr. Sambhaji Raghunath Tupe |
|
Designation : |
Director |
|
Address : |
No.59, Palace Road, Embassy Habitat Apartments, Apartments No.503, Vasanthnagar, Bangalore – 560052, Karnataka, India |
|
Date of Appointment : |
07.01.2013 |
|
DIN No.: |
02543337 |
|
|
|
|
Name : |
Mr. Satyajit Sanjay Holkar |
|
Designation : |
Director |
|
Address : |
Yashoda, 8 Mahesh Nagar, Ahilyadevi Holkar Marg, Golf Club, Nashik – 422002, Apartments |
|
Date of Birth/Age : |
03.10.1988 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
26.09.2014 |
|
PAN No.: |
AICPH4862P |
|
DIN No.: |
06433300 |
KEY EXECUTIVES
|
Name : |
Mr. Ajay Khairnar |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 08.09.2017
SHAREHOLDERS FILE ATTACHED
AS ON 08.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
28.61 |
|
Public/Other than promoters - [Individual/Hindu Undivided Family – Indian] |
32.24 |
|
Public/Other than promoters -[ Individual/Hindu Undivided Family – Foreign national (other than NRI)] |
9.88 |
|
Public/Other than promoters -[Bodies corporate] |
29.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Grain Based Alcohol. [Registered activity
and also confirmed by management] |
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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 : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Advance Payment and Cheque |
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Purchasing : |
Advance Payment and Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Sabadra and Sabadra Chartered Accountants |
|
Address : |
7 Sumangal Building House Near Mico CIRCLE Holaram Colony Nashik – 422002, Maharashtra, India |
|
PAN No.: |
ACFFS4378E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 08.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24061970 |
Equity Shares |
INR 10/- each |
INR 240.620 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 |
240.620 |
240.620 |
203.030 |
|
(b) Reserves and Surplus |
216.644 |
174.300 |
146.188 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
457.264 |
414.920 |
349.218 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
112.732 |
59.398 |
75.019 |
|
(b) Deferred tax liabilities (Net) |
67.617 |
73.783 |
72.951 |
|
(c) Other long-term
liabilities |
12.709 |
11.714 |
11.714 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
193.058 |
144.895 |
159.684 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
66.484 |
87.244 |
141.838 |
|
(b) Trade
payables |
125.125 |
48.450 |
39.082 |
|
(c) Other
current liabilities |
38.274 |
96.924 |
91.856 |
|
(d) Short-term
provisions |
60.336 |
8.874 |
49.996 |
|
Total Current
Liabilities (4) |
290.219 |
241.492 |
322.772 |
|
|
|
|
|
|
TOTAL |
940.541 |
801.306 |
831.673 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
411.933 |
383.680 |
400.305 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
102.651 |
48.068 |
0.626 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.001 |
0.001 |
0.567 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
66.613 |
53.169 |
122.760 |
|
Total Non-Current
Assets |
581.198 |
484.918 |
524.258 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
219.241 |
168.082 |
174.845 |
|
(c) Trade
receivables |
42.858 |
38.124 |
29.305 |
|
(d) Cash and
bank balances |
48.273 |
24.595 |
3.066 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
48.971 |
85.588 |
100.200 |
|
Total
Current Assets |
359.343 |
316.389 |
307.416 |
|
|
|
|
|
|
TOTAL |
940.541 |
801.306 |
831.673 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
952.798 |
614.480 |
975.543 |
|
|
Other Income |
0.363 |
0.301 |
1.443 |
|
|
TOTAL |
953.161 |
614.781 |
976.986 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
686.294 |
451.309 |
690.901 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
32.744 |
(13.039) |
(7.036) |
|
|
Employees benefits
expense |
27.520 |
24.978 |
31.160 |
|
|
CSR
expenditure |
0.094 |
0.000 |
0.000 |
|
|
Other expenses |
63.460 |
48.622 |
69.550 |
|
|
Prior
period items before tax |
0.000 |
0.000 |
3.886 |
|
|
Extraordinary
items before tax |
0.000 |
0.000 |
0.159 |
|
|
TOTAL |
810.112 |
511.870 |
788.620 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
143.049 |
102.911 |
188.366 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
10.295 |
34.961 |
42.990 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
132.754 |
67.950 |
145.376 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
25.395 |
24.422 |
24.404 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
107.359 |
43.528 |
120.972 |
|
|
|
|
|
|
|
Less |
TAX |
21.574 |
15.470 |
50.503 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
85.785 |
28.058 |
70.469 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
173.875 |
145.817 |
101.013 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Proposed Dividend @ 15% |
36.093 |
0.000 |
36.544 |
|
|
Tax on Dividend |
7.348 |
0.000 |
0.000 |
|
|
Balance Carried to the
B/S |
216.219 |
173.875 |
134.938 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
3.57 |
1.17 |
2.53 |
|
|
Diluted |
3.57 |
1.17 |
2.53 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
13.500 |
67.890 |
72.000 |
|
Net cash flows from (used in) operations |
118.765 |
67.950 |
0.000 |
|
Net cash flows from (used in) operating activities |
91.024 |
67.950 |
0.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
16.42 |
22.65 |
10.96 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
22.23 |
16.12 |
33.29 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
66.55 |
39.18 |
20.65 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.65 |
0.61 |
1.08 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.28 |
0.24 |
0.47 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.44 |
0.46 |
0.56 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.42 |
0.52 |
0.83 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.63 |
0.58 |
0.92 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.13 |
1.04 |
1.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
13.89 |
2.94 |
4.38 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
9.00 |
4.57 |
7.22 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.12 |
3.50 |
8.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.76 |
6.76 |
20.18 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.24 |
1.31 |
0.95 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.48 |
0.61 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.49 |
0.52 |
0.42 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.80 |
0.89 |
1.42 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.24 |
1.31 |
0.95 |
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 |
203.030 |
240.620 |
240.620 |
|
Reserves & Surplus |
146.188 |
174.300 |
216.644 |
|
Net
worth |
349.218 |
414.920 |
457.264 |
|
|
|
|
|
|
Long Term borrowings |
75.019 |
59.398 |
112.732 |
|
Short Term borrowings |
141.838 |
87.244 |
66.484 |
|
Current Maturities of Long term debt |
72.000 |
67.890 |
13.500 |
|
Total
borrowings |
288.857 |
214.532 |
192.716 |
|
Debt/Equity
ratio |
0.827 |
0.517 |
0.421 |
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
|
975.543 |
614.480 |
952.798 |
|
|
|
(37.011) |
55.058 |
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
|
975.543 |
614.480 |
952.798 |
|
Profit |
70.469 |
28.058 |
85.785 |
|
|
7.22% |
4.57% |
9.00% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY’S AFFAIRS
AND FUTURE OUTLOOK
Directors are happy to inform you that the Company has been able to achieve the gross revenue including other income INR 952.700 Million for the financial year ended on 31-03-2017. The Dryer of the company was successfully installed and commercial activities are successfully commenced. This was primarily for compliance with the guidelines issued by the Maharashtra Pollution Control Board. After successful commencement of commercial activities of Dryer new product added to the product line of the company viz. DDGS – Grainofeed. The directors of the company are expecting incremental gross margin in the subsequent years
The company is also in the process of setting up of the Corn Oil Plant, Absolute Ethanol Plant and Bottling Plant. Necessary efforts are being taken by the management and the executives of the company. It is expected that all these plants will commence its commercial activities soon.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Other loans and advances |
3.000 |
0.000 |
|
Total |
3.000 |
0.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G13956818 |
100053435 |
STATE BANK OF INDIA |
19/09/2016 |
- |
80000000.0 |
D. N. ROAD BRANCH, VIDEOCON HERITAGE, 1ST FLOOR, CHARANJIT RAI MARG, FORT, MUMBAI – 400001, MAHARASHTRA, INDIA |
|
2 |
B72895543 |
10418745 |
STATE BANK OF HYDERABAD |
26/03/2013 |
- |
100000000.0 |
GANGAPUR BRANCH, GANGAPUR, AURANGABAD – 431005, MAHARASHTRA, INDIA |
|
3 |
B36089613 |
10345032 |
STATE BANK OF HYDERABAD |
14/03/2012 |
- |
150000000.0 |
GANGAPUR BRANCH, GANGAPUR, AURANGABAD – 431005, MAHARASHTRA, INDIA |
|
4 |
C79235636 |
10085669 |
STATE BANK OF INDIA |
21/01/2008 |
03/02/2016 |
454000000.0 |
D.N. ROAD BRANCH, VIDEOCON HERITAGE,1ST FLOOR, CHARNJIT RAI MARG, FORT, MUMBAI – 400001, MAHARASHTRA, INDIA |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Machinery
·
Furniture and Fixture
·
Computer Equipment
·
Vehicles
·
Office Equipment
·
Motor Vehicles
· Bridges roads ports culverts
· Plantations
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 63.53 |
|
|
1 |
INR 86.06 |
|
Euro |
1 |
INR 76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
GEET |
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 |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.