|
|
|
MIRA INFORM REPORT
|
Report No. : |
486122 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SANMAN TRADE IMPEX LIMITED (w.e.f. 05.08.2015) |
|
|
|
|
Formerly Known
As : |
SANMAN TRADE IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1410, Maker Chambers - V Nariman Point, Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-22-22-22755555 / 61840000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
22.11.1996 |
|
|
|
|
Com. Reg. No.: |
11-104099 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 33.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1996PLC104099 |
|
|
|
|
IEC No.: |
0399007768 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMS27612E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS2973A |
|
|
|
|
GSTIN : |
27AADCS2973A1ZJ |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is in the business of Imports, Exports, Trading and Distribution of Chemicals, Metals, Sheets, Paper, Pharmaceutical products, Paper products, Natural Rubber, Computer Software Development and Electricity Generation etc. (Registered activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1996 and having fine track. It is a part of the Hazel group. It is in the business of imports, exports, trading and distribution of chemicals, metals, sheets, paper, pharmaceutical products, and paper products, natural rubber, computer software development and electricity generation etc. Management of the company has not filed its financials of 2017 with government department. As per available financial year of 2016, the company has registered decrease in its revenue from operation and maintained low profitability margin of 0.12%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and low debt balance sheet. Further, company derives strength from its the extensive experience of promoters in trading in petrochemicals, metals, polymers, paper, and bulk chemicals backed by its established market position, pan-India presence, strong customer relationships and the support it receives from its promoters, the Hazel group. However, rating strength is partially offset by low profit margin, volatility in commodity prices and foreign exchange rates fluctuation. Trade relations are reported as fair. Payment terms are reported to be regular. In view of the 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 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 : |
Ms. Neha |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-618940001 |
|
Date : |
13.01.2018 |
LOCATIONS
|
Registered Office /Corporate Office 1 : |
1410, Maker Chambers - V Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-22-22755555 / 61840000 |
|
Fax No.: |
91-22-61840001 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office 2 : |
Veritas House, 70 Mint Road, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22832170 / 22824444 / 22850669 |
|
Fax No.: |
91-22-22824440 / 22755556 |
|
|
|
|
Warehouse : |
Located At :
|
DIRECTORS
As on 31.03.2016
|
Name : |
Mr. Nitinkumar Deendayal Didwania |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
172, Kshitu, 47, Nepeansea Road, Mumbai-400036, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.06.1974 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
M.COM |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.04.1999 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AACPD7055J |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00210289 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Sushma Deendayal Didwania |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
172, Kshitu, 47, |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.09.1955 |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.04.1999 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00210240 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Saurabh Dipak Sanghavi |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
66, Kamal Builidng, 69, Walkeshwar Road, Mumbai – 400006, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.08.1974 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.COM |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.09.2012 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02000411 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Nitinkumar Didwania |
|
3389335 |
|
Sushmadevi Deendayal Didwania |
|
660 |
|
Viren Agarwal |
|
1 |
|
Ajay Jain |
|
1 |
|
Yash Gala |
|
1 |
|
Saurabh Sanghvi |
|
1 |
|
Rajaram Shanbhag |
|
1 |
|
Total |
|
3390000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of Imports, Exports, Trading and Distribution of Chemicals, Metals, Sheets, Paper, Pharmaceutical products, Paper products, Natural Rubber, Computer Software Development and Electricity Generation etc. (Registered activity and also Confirmed by management) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Cheque, RTGS, T.T. |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cheque, RTGS, T.T. |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
Customers : |
OEMs, Manufacturers
|
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
No. of Employees : |
350 (Approximately) |
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
Bankers : |
IDBI Tower, WTC Complex, Cuffe Parade,
Mumbai – 400005, Maharashtra, India |
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Shabbier S. Bagasrawala Chartered Accountants |
|
Address : |
63, Narayan Niwas,
1st Floor, Aarey Road, Goregaon (West), Mumbai-400062,
Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFS5834Q |
|
|
|
|
Secretarial Audit : |
JMJA and Associates LLP Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
U74900MH1996PTC103717
U70100MH2006PTC161465
U74900MH1993PTC073771
|
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
INR 10/- each |
INR 90.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3390000 |
Equity Shares |
INR 10/- each |
INR 33.900
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 |
33.900 |
33.900 |
33.900 |
|
(b) Reserves & Surplus |
1400.964 |
1390.852 |
1357.427 |
|
(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) |
1434.864 |
1424.752 |
1391.327 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
1.571 |
5.603 |
|
(b) Deferred tax liabilities
(Net) |
10.364 |
10.508 |
11.545 |
|
(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) |
10.364 |
12.079 |
17.148 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
498.321 |
587.463 |
349.156 |
|
(b) Trade payables |
1790.280 |
1654.417 |
1586.304 |
|
(c) Other current liabilities |
40.885 |
66.653 |
86.976 |
|
(d) Short-term provisions |
0.376 |
3.426 |
1.864 |
|
Total
Current Liabilities (4) |
2329.862 |
2311.959 |
2024.300 |
|
|
|
|
|
|
TOTAL |
3775.090 |
3748.790 |
3432.775 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
35.896 |
36.173 |
38.754 |
|
(ii) Intangible Assets |
161.600 |
323.200 |
484.800 |
|
(iii) Capital work-in-progress |
0.000 |
1.891 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.615 |
4.795 |
4.796 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.732 |
0.656 |
0.439 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
200.843 |
366.715 |
528.789 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1082.787 |
873.730 |
665.019 |
|
(c) Trade receivables |
2132.363 |
2128.537 |
2008.687 |
|
(d) Cash and cash equivalents |
222.052 |
227.873 |
157.841 |
|
(e) Short-term loans and
advances |
137.045 |
151.935 |
72.439 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
3574.247 |
3382.075 |
2903.986 |
|
|
|
|
|
|
TOTAL |
3775.090 |
3748.790 |
3432.775 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
8118.724 |
9218.084 |
8087.305 |
|
|
Other Income |
20.575 |
19.674 |
39.116 |
|
|
TOTAL
|
8139.299 |
9237.758 |
8126.421 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
8011.604 |
9079.527 |
8131.333 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(209.057) |
(208.710) |
(350.996) |
|
|
Employees benefits expense |
28.231 |
22.867 |
16.558 |
|
|
Other expenses |
46.789 |
66.862 |
43.706 |
|
|
TOTAL |
7877.567 |
8960.546 |
7840.601 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
261.732 |
277.212 |
285.820 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
71.553 |
78.886 |
96.876 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
190.179 |
198.326 |
188.944 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
165.152 |
164.211 |
165.958 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
25.027 |
34.115 |
22.986 |
|
|
|
|
|
|
|
Less |
TAX |
14.915 |
0.691 |
-0.134 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
10.112 |
33.424 |
23.120 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
400.687 |
351.571 |
1188.283 |
|
|
TOTAL
EARNINGS |
400.687 |
351.571 |
1188.283 |
|
|
|
|
|
|
|
|
CIF Value of Imports - Traded Goods |
2404.980 |
2580.656 |
2199.225 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
2.98 |
9.86 |
6.82 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
1.571 |
3.143 |
3.143 |
|
Net cash flows from (used in) operations |
147.463 |
(91.026) |
(92.548) |
|
Net cash flow from operating activity |
138.602 |
(97.429) |
(101.667) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
95.87 |
84.28 |
90.66 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.81 |
4.33 |
4.03 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
81.56 |
66.51 |
71.21 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.24 |
0.32 |
0.43 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.33 |
0.77 |
0.55 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.62 |
0.62 |
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.35 |
0.41 |
0.25 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.62 |
1.62 |
1.45 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.14 |
0.25 |
0.38 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.66 |
3.51 |
2.95 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
((PAT / Sales) * 100) |
% |
0.12 |
0.36 |
0.29 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.27 |
0.89 |
0.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
0.70 |
2.35 |
1.66 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.53 |
1.46 |
1.43 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.07 |
1.08 |
1.11 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.38 |
0.38 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
14.70 |
17.38 |
10.46 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.53 |
1.46 |
1.43 |
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 |
33.900 |
33.900 |
33.900 |
|
Reserves & Surplus |
1357.427 |
1390.852 |
1400.964 |
|
Net
worth |
1391.327 |
1424.752 |
1434.864 |
|
|
|
|
|
|
long-term borrowings |
5.603 |
1.571 |
0.000 |
|
Short term borrowings |
349.156 |
587.463 |
498.321 |
|
Current Maturities of
Long-Term Debts |
3.143 |
3.143 |
1.571 |
|
Total
borrowings |
357.902 |
592.177 |
499.892 |
|
Debt/Equity
ratio |
0.257 |
0.416 |
0.348 |
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 |
8087.305 |
9218.084 |
8118.724 |
|
|
|
13.982 |
(11.926) |
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 |
8087.305 |
9218.084 |
8118.724 |
|
Profit |
23.120 |
33.424 |
10.112 |
|
|
0.29% |
0.36% |
0.12% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
No |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from Veritas House, 70 Mint Road, Fort, Mumbai – 400001, Maharashtra, India to the present address w.e.f. 01.03.2016.
CORPORATE
INFORMATION:
The Company is in the business of Imports, Exports, Trading and Distribution of Chemicals, Metals, Sheets, Paper, Pharmaceutical Products, Paper Products, Natural Rubber, Computer Software Development and Electricity Generation etc.
PERFORMANCE REVIEW
The following are the
figures comparing Company's operations of Current year with previous year: -
- Revenue from operations for current year are INR 8139.299 Million as compared to INR 9237.759 Million of previous year.
- Net Profit after Tax for current year is INR 10.112 Million as compared INR 33.424 Million of previous year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
172.850 |
249.389 |
|
Total |
172.850 |
249.389 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
A69979169 |
10178407 |
PUNJAB NATIONAL BANK |
01/09/2009 |
- |
- |
22000000.0 |
FORESHORE ROAD BRANCH,RAHEJA CHAMBERS, NARIMAN POINT,MUMBAIMH400021IN |
|
2 |
A69978955 |
10178406 |
PUNJAB NATIONAL BANK |
31/08/2009 |
- |
- |
22000000.0 |
FORESHORE ROAD BRANCH,RAHEJA CHAMBERS, NARIMAN POINT,MUMBAIMH400021IN |
|
3 |
B39686233 |
10178902 |
IDBI Bank Limited |
28/08/2009 |
07/05/2012 |
- |
750000000.0 |
IDBI TOWERWTC COMPLEXCUFFE PARADEMUMBAIMH400005IN |
|
4 |
B42170134 |
10008650 |
STATE BANK OF HYDERABAD |
09/06/2006 |
07/06/2012 |
- |
950000000.0 |
OVERSEAS BRANCH, ASHOK MAHAL1204, TULLOCH ROAD, COLABAMUMBAIMH400039IN |
|
5 |
B90110396 |
90144648 |
BIJAYA BANK |
25/08/2003 |
- |
14/11/2013 |
20000000.0 |
OVERSEAS BRANCHMAKER CHAMBERS; IV; 222; NARIMAN POINTMUMBAIMH400021IN |
|
6 |
A73426769 |
80005041 |
STATE BANK OF INDORE |
17/11/2004 |
11/05/2006 |
23/11/2009 |
87500000.0 |
214 D N ROADFORTMUMBAIMH400001IN |
|
7 |
A73152035 |
10052522 |
PUNJAB NATIONAL BANK |
09/02/2007 |
- |
16/11/2009 |
90000000.0 |
RAHEJA CHAMBERS, FORESHORE ROAD BRANCH,NARIMAN POINT,MUMBAIMH400021IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Letter of Credit/Bank Guarantees given |
177.440 |
87.728 |
|
MVAT Demand Under Appeal |
4.272 |
4.272 |
FIXED ASSETS
- Land
- Office building
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Motor vehicles
- Computer equipments
OBSERVATION FORM
|
COMPANY NAME: SANMAN TRADE IMPEX LIMITED ADDRESS: 1410, Maker Chambers V, Nariman Point, Mumbai-400021, Maharashtra, India CONTACT NO: 91-22-22873499 PERSON TO WHOM WE MET: Ms. Mahi DESIGNATION: Office Executive NAME BOARD: NOT SIGHTED LOCATION: EASY TOTAL FLOORS OF THE BUILDING: 15 LOCALITY: COMMERCIAL AREA: UPMARKET PROOF OF VISIT: PHOTOGRAPH |
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 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 86.05 |
|
Euro |
1 |
INR 76.53 |
INFORMATION DETAILS
|
Information Gathered
by : |
PON |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
KJL/ SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
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 |
NB is stated where there is insufficient information to facilitate rating. However, it is not be considered as unfavorable.
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.