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|
|
MIRA INFORM REPORT
|
Report No. : |
485129 |
|
Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
PALVI POWERTECH SALES PRIVATE LIMITED |
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|
|
|
Registered
Office : |
228, Arpan Complex, Opposite Hanuman Temple, Nizampura, Vadodara –
390002, Gujarat |
|
Tel. No.: |
91-265-3925400 |
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|
|
|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
27.01.2006 |
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|
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|
Com. Reg. No.: |
04-047606 |
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|
|
Capital
Investment / Paid-up Capital : |
INR 38.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909GJ2006PTC047606 |
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|
|
|
IEC No.: |
3498002325 |
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|
|
GSTIN : |
24AADCP8242K2Z8 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCP8242K |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· The company is engaged in manufacturing and marketing of Organic and Inorganic Chemicals. (Registered Activity) ·
Manufacturer, Trader and Exporter of Chemicals,
Minerals, Metals and Engineering Goods. (Confirmed by Management) |
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|
|
|
No. of Employees
: |
80 (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 |
|
Maximum Credit Limit : |
USD 544000 |
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|
|
|
Status : |
Satisfactory |
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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 2006. It is a manufacturer, exporter and importer of chemicals, minerals, food products and agro commodities. The company sells its products under the brand name of “Palvi Masterbatches”. As per the financial of 2017, the company has earned a favourable growth of 31.44% in its revenue as compared to the previous year’s revenue and has reported a low profitability margin of 0.97%. The company possesses healthy financial position marked by above average networth base along with strong debt coverage indicator due to low debt balance sheet profile and average liquidity position. 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 condition. NOTE: Mr. Himanshu Mehta (CEO) has claimed that the given name i.e. “Palvi Masterbatches” is the brand name of the company and the correct name of the company is “Palvi Power Tech Sales Private Limited”. |
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.
Subject’s name has been found enlisted as a
defaulter in the publicly available RBI Defaulters’ list and the details of the
same are as under :
|
Borrowers’ Name : |
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|
Address : |
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Name of Individual : |
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Name of Credit Grantors / Bank & Branch: |
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Amount (Rs. In Millions) : |
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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 17.01.2018
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. Himanshu Mehta |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-265-2925401 |
|
Date : |
11.01.2018 |
LOCATIONS
|
Registered Office : |
228, Arpan Complex, Opposite Hanuman Temple, Nizampura, Vadodara – 390002,
Gujarat, India |
|
Tel. No.: |
91-265-23925400 – 425/ 2750955 |
|
Fax No.: |
91-265-23925421/ 2785055 |
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E-Mail : |
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|
Website : |
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|
Area : |
800 Sq. Ft |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office : |
315, Aditviya Complex, Near Deluxe |
|
Area : |
3500 Sq. Ft |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
155/2, GIDC Estate, Nandesari District, Vadodara - 391340, Gujarat,
India |
|
Area : |
10000 Sq. Ft |
|
Location : |
Owned |
|
|
|
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Factory 2 : |
Z-78, 79 Dahej Sez Phase-1, taluka Vagra, Bharuch-392140, Gujarat,
India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mrs. Vibha Himanshu Mehta |
|
Designation : |
Director |
|
Address : |
3, Silver Oak Duplex, New Sama Road, Vadodara – 390 002, Gujarat,
India |
|
Date of Birth/Age : |
04.09.1970 |
|
Qualification : |
B.Sc |
|
Date of Appointment : |
27.01.2006 |
|
PAN No.: |
AHQPM8159D |
|
DIN No.: |
01056802 |
|
|
|
|
Name : |
Mr. Govindlal Maganlal Mehta |
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Designation : |
Director |
|
Address : |
3, Silver Oak Duplex, New Sama Road, Vadodara – 390 002, |
|
Date of Birth/Age : |
01.11.1932 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
27.01.2006 |
|
PAN No.: |
AFLPM0782M |
|
DIN No.: |
01594703 |
KEY EXECUTIVES
|
Name : |
Mr. Himanshu Mehta |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Govindlal Maganlal Mehta |
1050000 |
|
Vibha Himanshu Mehta |
1050000 |
|
Himanshu Govindlal Mehta Family Trust |
570061 |
|
Bela Ketan Patel |
176183 |
|
Anagha Avinash Pangarkar |
569970 |
|
Krushil LCC, United States |
393786 |
|
Total |
3810000 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family – Indian) |
27.56 |
|
Public/Other than promoters - (Individual/Hindu Undivided Family – Indian) |
27.56 |
|
Public/Other than promoters - (Individual/Hindu Undivided Family – Foreign National (other than NRI)) |
19.58 |
|
Public/Other than promoters -(Bodies corporate) |
10.34 |
|
Public/Other than promoters –(Others family trust) |
14.96 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· The company is engaged in manufacturing and marketing of Organic and Inorganic Chemicals. (Registered Activity) ·
Manufacturer, Trader and Exporter of Chemicals,
Minerals, Metals and Engineering Goods. (Confirmed by Management) |
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Products / Services
: |
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Brand Names : |
“PALVI MASTERBATCHES” |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
·
Chemicals ·
Minerals ·
Metals ·
Engineering Goods |
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Countries : |
· United Arab Emirates · Kenya · Turkey · Bangladesh · Tanzania · Latin America · South Africa |
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Imports : |
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Products : |
·
Molybdenum ·
Polymers |
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Countries : |
· Chile · Korea · United States of America · Saudi Arabia |
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Terms : |
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Selling : |
Cash, Advance Payment, L/C and Credit (30/60/90 days) |
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Purchasing : |
Cash, Advance Payment, L/C and Credit (30/60/90 days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users, OEM’s and Manufacturer
BIDCO Oil (Kenya) |
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No. of Employees : |
80 (Approximately) |
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Bankers : |
· HDFC Bank Limited Arpan Complex, 101
First Floor, Nizampura, Vadodara-390002, Gujarat, India |
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Facilities : |
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Auditors : |
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|
Name : |
K
C Mehta and Company Chartered Accountants |
|
Address : |
Meghdhanush,
Race Course, Vadodara - 390007, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFK1558J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company: |
Palvi Power Tech Sales FZE, United Arab Emirates |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9190000 |
Equity Shares |
INR 10/- each |
INR 91.900 Million |
|
810000 |
Preference shares |
INR 10/- each |
INR 8.100 Million |
|
|
Total |
|
INR 100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3810000 |
Equity Shares |
INR 10/- each |
INR 38.100 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 |
38.100 |
38.100 |
38.100 |
|
(b) Reserves and Surplus |
152.482 |
135.435 |
112.352 |
|
(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) |
190.582 |
173.535 |
150.452 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
28.121 |
27.154 |
16.554 |
|
(b) Deferred tax liabilities (Net) |
9.415 |
6.690 |
2.457 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.262 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
37.798 |
33.844 |
19.011 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
79.722 |
48.619 |
72.987 |
|
(b) Trade
payables |
152.659 |
199.622 |
103.107 |
|
(c) Other
current liabilities |
58.302 |
37.685 |
19.140 |
|
(d) Short-term
provisions |
0.587 |
1.032 |
0.096 |
|
Total Current
Liabilities (4) |
291.270 |
286.958 |
195.330 |
|
|
|
|
|
|
TOTAL |
519.650 |
494.337 |
364.793 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
135.993 |
120.641 |
43.336 |
|
(ii)
Intangible Assets |
0.057 |
0.072 |
0.016 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
54.945 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.338 |
2.598 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
2.967 |
2.130 |
4.978 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
142.355 |
125.441 |
103.275 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
47.695 |
47.219 |
17.714 |
|
(c) Trade
receivables |
214.338 |
209.610 |
174.350 |
|
(d) Cash and
bank balances |
71.248 |
69.279 |
55.016 |
|
(e)
Short-term loans and advances |
40.895 |
39.918 |
11.936 |
|
(f) Other
current assets |
3.119 |
2.870 |
2.502 |
|
Total
Current Assets |
377.295 |
368.896 |
261.518 |
|
|
|
|
|
|
TOTAL |
519.650 |
494.337 |
364.793 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1765.884 |
1343.495 |
1153.533 |
|
|
Other Income |
14.073 |
19.819 |
25.175 |
|
|
TOTAL |
1779.957 |
1363.314 |
1178.708 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
222.594 |
111.463 |
104.409 |
|
|
Purchases of
Stock-in-Trade |
1299.406 |
1016.827 |
834.034 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.869) |
(17.825) |
21.233 |
|
|
Employee benefit expense |
32.291 |
31.434 |
29.439 |
|
|
Other expenses |
177.153 |
167.634 |
138.463 |
|
|
Prior period items before tax |
0.000 |
0.000 |
1.631 |
|
|
TOTAL |
1729.575 |
1309.533 |
1129.209 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
50.382 |
53.781 |
49.499 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
14.616 |
12.407 |
12.772 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
35.766 |
41.374 |
36.727 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.702 |
6.172 |
3.443 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
28.064 |
35.202 |
33.284 |
|
|
|
|
|
|
|
Less |
TAX |
11.017 |
12.119 |
16.243 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
17.047 |
23.083 |
17.041 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1499.992 |
1119.028 |
979.975 |
|
|
TOTAL EARNINGS |
1499.992 |
1119.028 |
979.975 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.47 |
6.06 |
4.47 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
10.674 |
0.000 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
7.412 |
63.164 |
27.313 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(0.528) |
57.364 |
13.410 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
44.30 |
56.95 |
55.17 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
8.24 |
6.41 |
6.62 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
36.61 |
64.58 |
40.10 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
1.06 |
1.14 |
2.79 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.37 |
0.45 |
0.50 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.64 |
0.64 |
0.58 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / Net Worth) |
|
0.62 |
0.44 |
0.60 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
|
1.53 |
1.65 |
1.30 |
|
|
|
|
|
|
|
Fixed Assets to Net Worth (Net Fixed Assets
/ Net Worth) |
|
0.71 |
0.70 |
0.65 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
3.45 |
4.33 |
3.88 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
0.97 |
1.72 |
1.48 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
3.28 |
4.67 |
4.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
8.94 |
13.30 |
11.33 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.30 |
1.29 |
1.34 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.13 |
1.12 |
1.25 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.37 |
0.35 |
0.41 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
3.11 |
1.99 |
2.35 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.30 |
1.29 |
1.34 |
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 |
38.100 |
38.100 |
38.100 |
|
Reserves & Surplus |
112.352 |
135.435 |
152.482 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
150.452 |
173.535 |
190.582 |
|
|
|
|
|
|
Long-term borrowings |
16.554 |
27.154 |
28.121 |
|
Short term borrowings |
72.987 |
48.619 |
79.722 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
10.674 |
|
Total
borrowings |
89.541 |
75.773 |
118.517 |
|
Debt/Equity
ratio |
0.595 |
0.437 |
0.622 |
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 |
1153.533 |
1343.495 |
1765.884 |
|
|
0.000 |
16.468 |
31.440 |
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 |
1153.533 |
1343.495 |
1765.884 |
|
Profit/ (Loss) |
17.041 |
23.083 |
17.047 |
|
|
1.48
% |
1.72
% |
0.97
% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGE:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G04105136 |
100028409 |
Indian Bank |
28/04/2016 |
- |
- |
15000000.0 |
1, Sujata Society, Hari Nagar Char Rasta Gotri Road Baroda – 390021,
Gujarat, India |
|
2 |
G34456483 |
10527141 |
HDFC BANK LIMITED |
25/09/2014 |
22/12/2016 |
- |
267500000.0 |
HDFC BANK House Senapati Bapat Marg Lower Parel (West), Mumbai –
400013, Maharashtra, India |
|
3 |
G15469927 |
10512827 |
HDFC BANK LIMITED |
05/08/2014 |
31/08/2016 |
- |
267500000.0 |
HDFC BANK House Senapati Bapat Marg Lower Parel (West), Mumbai –
400013, Maharashtra, India |
|
4 |
C41981697 |
10182589 |
Axis Bank Limited |
01/10/2009 |
- |
05/01/2015 |
560000.0 |
2nd Floor, Vardhaman
Complex, Besides Pizza Hut, Race Course Circle Vadodara – 390007, Gujarat,
India |
|
5 |
C21446117 |
10034717 |
Indian Bank |
27/12/2006 |
05/04/2012 |
25/08/2014 |
82500000.0 |
1, Sujata Society, Hari Nagar Char Rasta Gotri Road Baroda – 390021,
Gujarat, India |
|
6 |
C21448170 |
10269882 |
Indian Bank |
25/01/2011 |
05/04/2012 |
25/08/2014 |
82500000.0 |
1, Sujata Society, Hari Nagar Char Rasta Gotri Road Baroda – 390021, Gujarat,
India |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Computer
·
Vehicles
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 63.76 |
|
UK Pound |
1 |
INR 87.91 |
|
Euro |
1 |
INR 78.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
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++ |
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.