|
|
|
MIRA INFORM REPORT
|
Report No. : |
485722 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
NISHU CEMBLOCK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
409, Ashirwad Paras, Opposite Krishna Bunglow, Near Prahlad Nagar Garden, Corporate Road, Vejalpur, Ahmedabad-380054, Gujarat |
|
Tel. No.: |
91-79-40081439/ 49 / 40045187 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
08.04.2004 |
|
|
|
|
Com. Reg. No.: |
04-043937 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 2.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26941GJ2004PTC043937 |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management
that firm does not have export and import) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN9198C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Cement Concreate Blocks, Solid Concrete Blocks, Cement
Bricks etc. (Registered
Activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
50 (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 and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2004. It is a manufacturer of
cement concreate blocks, solid concrete blocks, cement bricks etc. Management has not filed its financial record with government
department for the year 2017 and same are not available from any other
sources. As per the financial of 2016, the company has achieved 12% growth in
its revenue as compared to the previous year and has reported an average net
profit margin of 2.89%. The moderate financial position of the company is reflected by low
reserve base and high debt balance sheet profile. Business is active. Payments are reported to be slow and delayed. 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
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 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. Niravgan Balolka |
|
Designation : |
Accountant |
|
Contact No.: |
91-79-40081439 |
|
Date : |
11.01.2018 |
LOCATIONS
|
Registered Office/
Head Office : |
409, Ashirwad Paras, Opposite Krishna Bunglow, Near Prahlad Nagar Garden, Corporate Road, Vejalpur, Ahmedabad-380054, Gujarat, India |
|
Tel. No.: |
91-79-40081439/ 49 / 40045187 |
|
Mobile No.: |
91-9099877677 (Mr. Nishad Sudhir Thaker) |
|
Fax No.: |
91-79-40081439 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Factory : |
Block No. 243/ Part I, Near Eagle Cement, Adharpir, Chikhli Vasda
Road, Village, Rethavani, Chikhli – 396560, Gujarat, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sudhirbhai Pravinkant Thaker |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Bunglow No 7, Aaryavart IV, Opposite Ymca Club, S.G. Highway,
Ahmedabad-380054, Gujarat, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
06.12.1959 |
||||||||||||||||||||||||
|
Date of Appointment : |
08.04.2004 |
||||||||||||||||||||||||
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DIN No.: |
00191208 |
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Other
Directorship:
|
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|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Rekhaben Sudhirbhai Thaker |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
7, Aryavart 4, Opposite Ymca Club, S.G. Highway, Ahmedabad-380054,
Gujarat, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
03.03.1965 |
||||||||||||||||||||||||
|
Date of Appointment : |
08.04.2004 |
||||||||||||||||||||||||
|
DIN No.: |
00191391 |
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|
Other
Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Nishad Sudhir Thaker |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Plot-7/Aaryavart-4, S.G. Highway, Ahmedabad-380001, Gujarat,
India |
||||||||||||||||||||||||
|
Date of Appointment : |
07.02.2011 |
||||||||||||||||||||||||
|
DIN No.: |
03220920 |
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Other
Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Niravgan Balolka |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.09.2016
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Sudhirbhai Pravinkant Thaker |
221000 |
88.40 |
|
Rekhaben Sudhirbhai Thaker |
16000 |
6.40 |
|
Nishad Sudhir Thaker |
13000 |
5.20 |
|
Total |
250000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 22.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cement Concreate Blocks, Solid Concrete Blocks, Cement
Bricks etc. (Registered
Activity and also Confirmed by management) |
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|
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Products : |
|
||||
|
|
|
||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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|
||||
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Imports : |
Not Available |
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||||
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Terms : |
|
||||
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Selling : |
Others (RTGS) |
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|
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Purchasing : |
Others (RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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|
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Customers : |
Retailers and End Users
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|
|||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
50 (Approximately) |
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|
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Bankers : |
· The Bhagyoday Co-Operative Bank Limited, New Madhavpura, Near Delhi Darwaja, Ahmedabad-380004, Gujarat, India · ICICI Bank Limited · HDFC Bank Limited · UCO Bank Limited · State Bank of India |
|||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
H. B .Patel and Associates Chartered Accountants |
|
Address : |
305, 3rd Floor, "Ashoka", Sardar Patel Stadium Road, Ahmedabad-
380014,
Gujarat, India |
|
Tel No.: |
91-79-40045187 |
|
Mobile No.: |
91-9825015187 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFH9319B |
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|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 22.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 10/- each |
INR 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 10/- each |
INR 2.500 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 |
2.500 |
2.500 |
2.500 |
|
(b) Reserves & Surplus |
1.363 |
0.301 |
(0.254) |
|
(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) |
3.863 |
2.801 |
2.246 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
53.871 |
46.375 |
44.513 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
53.871 |
46.375 |
44.513 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
4.668 |
4.236 |
3.313 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
0.742 |
0.533 |
0.523 |
|
Total Current
Liabilities (4) |
5.410 |
4.769 |
3.836 |
|
|
|
|
|
|
TOTAL |
63.144 |
53.945 |
50.595 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
37.064 |
29.293 |
28.025 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.250 |
2.417 |
2.319 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.891 |
0.069 |
0.051 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
38.205 |
31.779 |
30.395 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
18.084 |
10.408 |
4.586 |
|
(c) Trade
receivables |
4.654 |
1.540 |
5.002 |
|
(d) Cash
and cash equivalents |
2.059 |
4.078 |
5.706 |
|
(e)
Short-term loans and advances |
0.142 |
6.140 |
4.901 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.005 |
|
Total
Current Assets |
24.939 |
22.166 |
20.200 |
|
|
|
|
|
|
TOTAL |
63.144 |
53.945 |
50.595 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|||||
|
|
SALES |
|
|
|
|||||
|
|
|
Income |
36.794 |
32.851 |
33.348 |
||||
|
|
|
Other Income |
0.312 |
0.389 |
0.225 |
||||
|
|
|
TOTAL |
37.106 |
33.240 |
33.573 |
||||
|
|
|
|
|
|
|||||
|
Less |
EXPENSES |
|
|
|
|||||
|
|
|
Cost of Materials Consumed |
25.916 |
8.542 |
10.529 |
||||
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(6.992) |
(5.662) |
(2.858) |
||||
|
|
|
Employees benefits expense |
3.919 |
4.653 |
4.380 |
||||
|
|
|
Other expenses |
8.113 |
21.565 |
14.904 |
||||
|
|
|
TOTAL |
30.956 |
29.098 |
26.955 |
||||
|
|
|
|
|
|
|||||
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
6.150 |
4.142 |
6.618 |
|||||
|
|
|
|
|
|
|||||
|
Less |
FINANCIAL EXPENSES |
2.405 |
1.472 |
2.826 |
|||||
|
|
|
|
|
|
|||||
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
3.745 |
2.670 |
3.792 |
|||||
|
|
|
|
|
|
|||||
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
2.683 |
2.115 |
2.218 |
|||||
|
|
|
|
|
|
|||||
|
|
PROFIT/ (LOSS) BEFORE
TAX |
1.062 |
0.555 |
1.574 |
|||||
|
|
|
|
|
|
|||||
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|||||
|
|
|
|
|
|
|||||
|
|
PROFIT/ (LOSS)
AFTER TAX |
1.062 |
0.555 |
1.574 |
|||||
|
|
|
|
|
|
|||||
|
|
Earnings / (Loss) Per Share (INR) |
4.25 |
2.22 |
6.30 |
|||||
|
Particulars |
|
|
31.03.2017 |
|
|||||
|
Sales Turnover (Approximately) |
|
|
48.800 |
|
|||||
The above information has been parted by Mr. Niravgan Balolka (Accountant)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.20116 |
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) operation |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
46.17 |
17.11 |
54.75 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.91 |
21.33 |
6.67 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
65.74 |
181.00 |
114.85 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.34 |
0.40 |
1.44 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.17 |
0.14 |
0.24 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.94 |
0.95 |
0.96 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
13.95 |
16.56 |
19.82 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.40 |
1.70 |
1.71 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
9.59 |
10.46 |
12.48 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.56 |
2.81 |
2.34 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.89 |
1.69 |
4.72 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.68 |
1.03 |
3.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
27.49 |
19.81 |
70.08 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
4.61 |
4.65 |
5.27 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.27 |
2.47 |
4.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.06 |
0.05 |
0.04 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
21.55 |
18.55 |
17.81 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
4.61 |
4.65 |
5.27 |
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 |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
(0.254) |
0.301 |
1.363 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2.246 |
2.801 |
3.863 |
|
|
|
|
|
|
long-term borrowings |
44.513 |
46.375 |
53.871 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
44.513 |
46.375 |
53.871 |
|
Debt/Equity
ratio |
19.819 |
16.557 |
13.945 |
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 |
33.348 |
32.851 |
36.794 |
|
|
|
(1.490) |
12.003 |
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 |
33.348 |
32.851 |
36.794 |
|
Profit |
1.574 |
0.555 |
1.062 |
|
|
4.72% |
1.69% |
2.89% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
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 |
No |
|
26] |
Turnover of firm for last four 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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY’S AFFAIRS
(As on 2016)
During the year, the total Income of the Company was INR 37.106 million against INR 33.240 million in the previous year. The Company has incurred a profit after tax INR 1.062 million compared to Profit INR 0.555 million in the previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
From Directors and relatives |
34.423 |
34.439 |
|
Total |
34.423 |
34.439 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Satisfaction |
Amount |
Address |
|
1 |
G01948082 |
100021454 |
THE BHAGYODAYA CO-OP BANK LIMITED |
05/03/2016 |
- |
15000000.0 |
NEW MADHAVPURA NEAR DELHI DARWAJA AHMEDABAD GUJARAT 380004 INDIA |
|
2 |
B98486913 |
10482581 |
THE BHAGYODAYA CO-OP BANK LIMITED |
12/02/2014 |
- |
3000000.0 |
NAVA MADHUPURA AHMEDABAD GUJARAT 380004 INDIA |
|
3 |
B77616100 |
10432671 |
THE BHAGYODAYA CO-OP BANK LIMITED |
29/05/2013 |
- |
2500000.0 |
NAVA MADHUPURA AHMEDABAD GUJARAT 380004 INDIA |
|
4 |
B77689685 |
10432666 |
THE BHAGYODAYA CO-OP BANK LIMITED |
29/05/2013 |
- |
12500000.0 |
NAVA MADHUPURA AHMEDABAD GUJARAT 380004 INDIA |
|
5 |
B62843404 |
10388678 |
THE BHAGYODAYA CO-OP BANK LIMITED |
08/11/2012 |
- |
2000000.0 |
NAVA MADHUPURA AHMEDABAD GUJARAT 380004 INDIA |
|
6 |
B63038830 |
10389150 |
THE BHAGYODAYA CO-OP BANK LIMITED |
06/11/2012 |
- |
3000000.0 |
NAVA MADHUPURA AHMEDABAD GUJARAT 380004 INDIA |
|
7 |
B63037303 |
10389145 |
THE BHAGYODAYA CO-OP BANK LIMITED |
06/11/2012 |
- |
2000000.0 |
NAVA MADHUPURA AHMEDABAD GUJARAT 380004 INDIA |
|
8 |
A29567427 |
10021110 |
SBI FACTORS AND COMMERCIAL SERVICES PRIVATE LIMITED |
15/09/2006 |
07/06/2007 |
5000000.0 |
61 SAKHAR BHAVAN 6TH FLOORNARIMAN POINT MUMBAI MAHARASHTRA 400021 INDIA |
FIXED ASSETS
- Land
- Building
- Electrification
- Office Equipment
- Plant and Machinery
- 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 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 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
RKI |
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.