|
|
|
MIRA INFORM REPORT
|
Report No. : |
488024 |
|
Report Date : |
23.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
CPS OIL AND GAS EQUIPMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shed No. 26 and 28, Parmar Techno Centre, Phase V, Pelhar
Village, Vasai Phata, Vasai (East), Thane – 401208, Maharashtra |
|
Mobile No.: |
91-7028971164 (Ms. Kalyani Madhav) |
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|
|
|
Country : |
India |
|
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|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
04.08.2011 |
|
|
|
|
Com. Reg. No.: |
11-220510 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 21.456 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29220MH2011PTC220510 |
|
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|
|
IEC No.: |
Not Divulged |
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GSTIN/UIN: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
PAN No.: [Permanent Account No.] |
AAECC5178N |
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Subject
is engaged in the activities of manufacturing of products comprised of oil
and gas tools, equipment
the activities of exploration, drilling, extraction of oil, gas and other
ancillaries. [Registered
Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
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|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2011 having satisfactory track
record. Management has not filed its financials of March 2017 with registrar
of Companies. As per available financials of March 2016, the company has achieved
decent revenue as compared to its previous year along with fair profit margin
during the year. Rating takes into consideration, the satisfactory financial risk
profile marked by comfortable net worth base and ideal debt level. Rating continue to derive strength from its established track record
of its business operation backed by extensive experience of the promoters. However, theses rating strengths gets partially offset by
non-availability of latest financials and company’s present in highly
fragmented and competitive industry. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
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 23.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Ms. Kalyani Madhav |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-7028971164 |
|
Date : |
23.01.2018 |
LOCATIONS
|
Registered Office : |
Shed No. 26 and 28, Parmar Techno Centre, Phase V, Pelhar
Village, Vasai Phata, Vasai (East), Thane – 401208, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-7028971164 (Ms. Kalyani Madhav) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rajat Jaggi |
|
Designation : |
Director |
|
Address : |
1702, Krishna Heritage, New Link Road, Opposite Don Bosco
School, Borivali (West), Mumbai -400091, Maharashtra, India |
|
Date of Birth/Age : |
29.11.1973 |
|
Date of Appointment : |
28.06.2016 |
|
DIN No.: |
03549124 |
|
|
|
|
Name : |
Mrs. Priti Rajat Jaggi |
|
Designation : |
Director |
|
Address : |
1702, Krishna Heritage, New Link Road, Opposite Don Bosco School,
Borivali (West), Mumbai -400091, Maharashtra, India |
|
Date of Birth/Age : |
16.12.1978 |
|
Date of Appointment : |
28.06.2016 |
|
DIN No.: |
03549385 |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Priti Rajat Jaggi |
|
145535 |
|
Rajat Jaggi |
|
2697 |
|
Prabhu Marketing Services Private Limited |
|
66324 |
|
Total |
|
214556 |
AS ON 09.09.2016
|
Names of Shareholders |
|
No. of Shares |
|
Priti Rajat Jaggi |
|
26070 |
|
Rajat Jaggi |
|
49697 |
|
Total |
|
75767 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
69.09 |
|
Public/Other than promoters - Body corporate |
30.91 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged in the activities of manufacturing of products comprised of oil
and gas tools, equipment
the activities of exploration, drilling, extraction of oil, gas and other
ancillaries. [Registered
Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Manoj D Mahimkar and Company Chartered Accountants |
|
Address : |
403, Crescent Busienss Square, Kherani Road, Near Sakinaka Metro
Station, Sakinaka , Mumbai-400072, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAVFM8601J |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
Enterprises over which any person described in (a) or (b) above is able to exercise significant influence (AS ON 31.03.2016): |
|
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
215000 |
Equity Shares |
INR 100/- each |
INR 21.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
290323 |
Equity Shares |
INR 100/- each |
INR 29.032 Million |
|
|
|
|
|
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
215000 |
Equity Shares |
INR 100/- each |
INR 21.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
214556 |
Equity Shares |
INR 100/- each |
INR 21.456 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
21.456 |
10.220 |
10.220 |
|
(b) Reserves &
Surplus |
24.640 |
7.050 |
2.281 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
20.786 |
11.270 |
|
Total Shareholders’ Funds
(1) + (2) |
46.096 |
38.056 |
23.771 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
44.852 |
19.659 |
31.673 |
|
(b) Deferred tax
liabilities (Net) |
3.755 |
2.213 |
3.596 |
|
(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) |
48.607 |
21.872 |
35.269 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
89.751 |
100.285 |
9.897 |
|
(b) Trade payables |
70.299 |
52.158 |
43.637 |
|
(c) Other current
liabilities |
8.803 |
8.919 |
6.344 |
|
(d) Short-term provisions |
2.546 |
3.818 |
1.298 |
|
Total Current Liabilities
(4) |
171.399 |
165.180 |
61.176 |
|
|
|
|
|
|
TOTAL |
266.102 |
225.108 |
120.216 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
82.401 |
38.343 |
46.629 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
13.206 |
1.317 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.445 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
12.385 |
1.535 |
0.160 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
94.786 |
53.084 |
48.551 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
64.445 |
68.571 |
32.623 |
|
(c) Trade receivables |
75.844 |
74.783 |
23.616 |
|
(d) Cash and cash
equivalents |
1.039 |
2.037 |
0.086 |
|
(e) Short-term loans and
advances |
29.988 |
26.633 |
15.340 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
171.316 |
172.024 |
71.665 |
|
|
|
|
|
|
TOTAL |
266.102 |
225.108 |
120.216 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
248.455 |
148.214 |
78.449 |
|
|
Other Income |
1.536 |
0.608 |
2.995 |
|
|
TOTAL |
249.991 |
148.822 |
81.444 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases |
101.603 |
101.819 |
43.236 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
4.126 |
(35.948) |
(9.156) |
|
|
Employees benefits
expense |
27.469 |
19.607 |
12.732 |
|
|
Other expenses |
16.953 |
10.979 |
5.485 |
|
|
TOTAL |
150.151 |
96.457 |
52.297 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
99.840 |
52.365 |
29.147 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
12.493 |
6.886 |
0.877 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
87.347 |
45.479 |
28.270 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
76.222 |
40.626 |
22.906 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
11.125 |
4.853 |
5.364 |
|
|
|
|
|
|
|
Less |
TAX |
4.088 |
1.137 |
1.729 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
7.037 |
3.716 |
3.635 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
5.822 |
2.281 |
(1.344) |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Income tax reserve
account |
(1.274) |
0.175 |
0.010 |
|
|
Balance Carried to the
B/S |
14.133 |
5.822 |
2.281 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
37.65 |
36.36 |
35.58 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
34.211 |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
30.123 |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
111.42 |
184.16 |
109.88 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.28 |
1.98 |
3.32 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
252.54 |
186.98 |
368.39 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.55 |
0.76 |
0.89 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.21 |
1.02 |
0.61 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.81 |
0.82 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.92 |
3.15 |
1.75 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.72 |
4.34 |
2.57 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.79 |
1.35 |
2.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
7.99 |
7.60 |
33.23 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.83 |
2.51 |
4.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.64 |
1.65 |
3.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
15.27 |
9.76 |
15.29 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.00 |
1.04 |
1.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.62 |
0.63 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.17 |
0.17 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.27 |
11.74 |
4.07 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.00 |
1.04 |
1.17 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
10.220 |
10.220 |
21.456 |
|
Reserves & Surplus |
2.281 |
7.050 |
24.640 |
|
Share Application money pending allotment |
11.270 |
20.786 |
0.000 |
|
Net
worth |
23.771 |
38.056 |
46.096 |
|
|
|
|
|
|
Long Term borrowings |
31.673 |
19.659 |
44.852 |
|
Short Term borrowings |
9.897 |
100.285 |
89.751 |
|
Total
borrowings |
41.570 |
119.944 |
134.603 |
|
Debt/Equity
ratio |
1.749 |
3.152 |
2.920 |
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
|
78.449 |
148.214 |
248.455 |
|
|
|
88.930 |
67.633 |
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
|
78.449 |
148.214 |
248.455 |
|
Profit |
3.635 |
3.716 |
7.037 |
|
|
4.63% |
2.51% |
2.83% |
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 |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 |
CORPORATE INFORMATION
(AS ON 31.03.2016)
Subject is a company engaged in the activities of manufacturing of products comprised of Oil and Gas Tools, equipment the activities of exploration, drilling, extraction of oil, gas and other ancillaries.
The main object of the company is as follows:
To carry on the business in India or elsewhere to manufacture, produce, assemble, alter, convert, develop, design, equip, fabricate, repair, remodel, recondition, renovate, service and to act as agent, broker, buyer, seller, importer, exporter, job worker, engineer, consultant, stockist, distributor, traders of the products comprise of tools, equipment, consumable, machineries etc. used in the activities of exploration, drilling, extraction of oil, gas and/or any other products of similar nature.(extract from Memorandum of Association)
BRIEF DESCRIPTION OF THE COMPANY'S WORKING
DURING THE YEAR/STATE OF COMPANY'S AFFAIR (AS ON 31.03.2016)
The revenue from Operations during the year is INR 248.455 Million as compared to INR 148.214 Million during the previous year. The Company has reported net profit after tax of INR 7.037 Million during the year under consideration as compared to net profit after tax of INR 3.716 Million reported during the previous year.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
LONG TERM
BORROWING |
|
|
|
From Director |
|
|
|
Priti Rajat Jaggi |
4.823 |
0.000 |
|
Rajat Jaggi |
9.194 |
0.000 |
|
Others |
0.232 |
0.231 |
|
Total |
14.249 |
0.231 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G02579589 |
100023712 |
THE
BHARAT CO-OPERATIVE BANK (MUMBAI) LTD. |
06/04/2016 |
- |
- |
8000000.0 |
KANDIVLI
EAST BRANCH, SVITLAND, NEAR SAIDHAM,NEAR WESTERN EXPRESS HIGHWAY, KANDIVLI
EASTMUMBAIMH400101IN |
|
2 |
C48937437 |
10558861 |
THE
BHARAT CO-OPERATIVE BANK(MUMBAI) LTD |
14/02/2015 |
- |
- |
25000000.0 |
KANDIVLI
EAST BRANCH, SVITLAND, BEHIND SAI DHAM,NEAR V MALL, THAKUR COMPLEX, KANDIVLI
EASTMUMBAIMH400101IN |
|
3 |
C48938419 |
10558865 |
THE
BHARAT CO-OPERATIVE BANK(MUMBAI) LTD |
14/02/2015 |
- |
- |
21000000.0 |
KANDIVLI
EAST BRANCH, SVITLAND, BEHIND SAI DHAM,NEAR V MALL, THAKUR COMPLEX, KANDIVLI
EASTMUMBAIMH400101IN |
|
4 |
C48937924 |
10558863 |
THE
BHARAT CO-OPERATIVE BANK(MUMBAI) LTD |
14/02/2015 |
- |
- |
17000000.0 |
KANDIVLI
EAST BRANCH, SVITLAND, BEHIND SAI DHAM,NEAR V MALL, THAKUR COMPLEX, KANDIVLI
EASTMUMBAIMH400101IN |
|
5 |
G21342662 |
10559012 |
THE
BHARAT CO-OPERATIVE BANK(MUMBAI) LTD |
14/02/2015 |
28/10/2016 |
- |
125000000.0 |
KANDIVLI
EAST BRANCH, SVITLAND, BEHIND SAI DHAM,NEAR V MALL, THAKUR COMPLEX, KANDIVLI
EASTMUMBAIMH400101IN |
|
6 |
B88405055 |
10457276 |
ORIENTAL
BANK OF COMMERCE |
25/09/2013 |
- |
- |
15000000.0 |
BORIVALI
WEST BRANCH, VASUNDHRA & VIJAY APARTMENT,ANNEXE, S.V. ROAD, BORIVALI
(WEST)MUMBAIMH400092IN |
|
7 |
G46715405 |
10379698 |
ORIENTAL
BANK OF COMMERCE |
14/08/2012 |
- |
03/06/2017 |
10000000.0 |
BORIVALI
WEST BRANCH, VASUNDHRA & VIJAY APARTMENT,ANNEXE, S.V. ROAD, BORIVALI (WEST)MUMBAIMH400092IN |
|
8 |
G46715314 |
10379696 |
ORIENTAL
BANK OF COMMERCE |
14/08/2012 |
26/08/2014 |
03/06/2017 |
25000000.0 |
BORIVALI
WEST BRANCH, VASUNDHRA & VIJAY APARTMENTANNEXE, S.V. ROAD, BORIVALI
(WEST)MUMBAIMH400092IN |
FIXED ASSETS:
- Computer and Software
- Furniture and Fittings
- Plant and Machinery
- Office Equipment’s
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.89 |
|
|
1 |
INR 88.60 |
|
Euro |
1 |
INR 78.12 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.