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|
MIRA INFORM REPORT
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Report No. : |
487876 |
|
Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
NANDAN PETROCHEM LIMITED (w.e.f. 21.03.1995) |
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Formerly Known
As : |
NANDAN PETROCHEM PRIVATE LIMITED |
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Registered
Office : |
B/601, Lotus Corporate Park, 185/A, Graham Firth Steel Compound, Ram
Mandir Lane, Jay Coach Junction, Off Western Express Highway, Goregaon
(East), Mumbai – 400063, Maharashtra |
|
Tel. No.: |
91-22-42577200 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
05.06.1992 |
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Com. Reg. No.: |
11-067089 |
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Capital
Investment / Paid-up Capital : |
INR 81.154 Million |
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CIN No.: [Company Identification
No.] |
U23201MH1992PLC067089 |
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IEC No.: |
Not Divulged |
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GSTIN No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACN1199G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing
of Chemical and chemical products, pharmaceuticals, medicinal chemical and
botanical products. [Registered Activity] |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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 1992 and it is a manufacturer and distributor of all types of lubricants, petro chemicals and petroleum products. As per financials of March 2017, the company has registered a growth of 27.22% in its revenue as compared to its previous year’s revenue and has reported average profit margin of 3.32% under review. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with average debt coverage indicators and decent liquidity position. Further, the company has reported earnings per share of INR 8.69 against its face value of INR 10. Payments are reported to be usually 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
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
10.01.2017 |
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Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
10.01.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 24.01.2018.
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
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-22-42577200)
LOCATIONS
|
Registered Office : |
B/601, Lotus Corporate Park, 185/A, Graham Firth Steel Compound, Ram
Mandir Lane, Jay Coach Junction, Off Western Express Highway, Goregaon (East),
Mumbai – 400063, Maharashtra, India |
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Tel. No.: |
91-22-42577200 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory 1 : |
Plot No.J-26 and J-34, MIDC Taloja, Navi Mumbai, Maharashtra, India |
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Factory 2 : |
Unit No.96/1 and 97/1, Silvassa, Dadra and Nagar Haveli, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Nandan Shreenarayan Agrawal |
|
Designation : |
Managing Director |
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Address : |
5/2, Agrawal Nagar, Dr. Ambedkar Road, Matunga, Mumbai – 400019, Maharashtra, India |
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Date of Birth/Age : |
21.04.1985 |
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Qualification : |
B.E. |
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Date of Appointment : |
23.03.2012 |
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PAN No.: |
AGOPA3349N |
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DIN No.: |
00023260 |
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|
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Name : |
Mr. Shreenarayan Nathmal Agrawal |
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Designation : |
Whole-time Director |
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Address : |
5/2, Agrawal Nagar, Dr. Ambedkar Road, Matunga, Mumbai – 400019, Maharashtra, India |
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Date of Birth/Age : |
02.07.1958 |
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Qualification : |
B.Com |
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Date of Appointment : |
30.09.2016 |
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PAN No.: |
AABPA2044F |
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DIN No.: |
00023197 |
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Name : |
Mr. Giridhar Govind Joshi |
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Designation : |
Whole-time Director |
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Address : |
G-703, Jeevandham Apartment, Near Vastrapur Telephone Exchange, Bimanagar, Satellite, Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
25.03.1949 |
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Qualification : |
MSC (I.I.T Powai) |
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Date of Appointment : |
01.04.2011 |
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DIN No.: |
02401744 |
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Name : |
Mr. Mukesh Shah |
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Designation : |
Director |
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Address : |
3/3, Building No.E-29, Panchkamal C.H.S., Sector 29, Vashi, Navi Mumbai – 400705, Maharashtra, India |
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Date of Birth/Age : |
15.06.1962 |
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Qualification : |
B.Com |
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Date of Appointment : |
18.08.2003 |
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DIN No.: |
00176298 |
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|
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Name : |
Mr. Rohit Rajpal Puri |
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Designation : |
Director |
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Address : |
29, Udayagiri Co-Operative Housing Society, Opposite Telecom Factory, Sion-Trombay Road, Deonar, Mumbai – 400088, Maharashtra, India |
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Date of Birth/Age : |
05.05.1955 |
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Qualification : |
L.L.B |
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Date of Appointment : |
22.07.2003 |
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DIN No.: |
00191679 |
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Name : |
Mr. Ramendra Kumar Jain |
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Designation : |
Director |
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Address : |
138, Narmada Apartment, Alaknanda, New Delhi – 110019, India |
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Date of Birth/Age : |
05.06.1935 |
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Date of Appointment : |
03.09.2002 |
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DIN No.: |
01650473 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Shreenarayan Agrawal |
|
2798010 |
|
Nandan Impex Private Limited, India |
|
1050000 |
|
Meena Agrawal |
|
675000 |
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S. N. Agrawal (HUF) |
|
75000 |
|
Nandan Bulk Carriers Private Limited, India |
|
420000 |
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Shree Narayan Agrawal (Nandan Roadlines) |
|
26400 |
|
Yatin Jani |
|
463800 |
|
Red Rose Tie UP Private Limited, India |
|
600000 |
|
Nandan Agrawal |
|
675000 |
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Varun Agrawal |
|
327210 |
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Dimpy Agrawal |
|
363000 |
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Stuti Agrawal |
|
642000 |
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Total |
|
8115420 |
AS ON 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
68.45 |
|
Promoters – [Bodies corporate] |
25.51 |
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Promoters – [Other - Proprietorship] |
0.33 |
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Public/Other than promoters - [Individual/Hindu Undivided Family – Indian] |
5.71 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
of Chemical and chemical products, pharmaceuticals, medicinal chemical and
botanical products. [Registered Activity] |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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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 : |
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Auditors : |
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Name : |
Samdani and Hamirwasia Chartered Accountants |
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Address : |
106-D, Trade Corner, Sakinaka, Mumbai, Maharashtra, India |
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PAN No.: |
AAKFS5560K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which
are owned, or have significant influence of or are partners
with Key management personnel and their relatives: |
[CIN NO.: U24100MH2011PTC216976]
[CIN NO.: U01403MH2009PTC198022]
[CIN NO.: U63090MH1990PTC058990]
[CIN NO.: U24100MH1986PTC039670] |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8115420 |
Equity Shares |
INR 10/- each |
INR 81.154 Million |
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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 |
81.154 |
27.051 |
27.051 |
|
(b) Reserves and Surplus |
316.021 |
299.575 |
264.648 |
|
(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) |
397.175 |
326.626 |
291.699 |
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
179.671 |
156.507 |
193.410 |
|
(b) Deferred tax liabilities (Net) |
19.967 |
17.849 |
16.373 |
|
(c) Other long-term
liabilities |
2.639 |
1.589 |
1.508 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
202.277 |
175.945 |
211.291 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
317.200 |
295.778 |
338.096 |
|
(b) Trade
payables |
202.478 |
265.984 |
65.432 |
|
(c) Other
current liabilities |
60.571 |
63.805 |
30.090 |
|
(d) Short-term
provisions |
2.567 |
1.952 |
2.060 |
|
Total Current
Liabilities (4) |
582.816 |
627.519 |
435.678 |
|
|
|
|
|
|
TOTAL |
1182.268 |
1130.090 |
938.668 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
219.383 |
191.283 |
185.793 |
|
(ii)
Intangible Assets |
1.015 |
0.227 |
0.325 |
|
(iii) Tangible assets
capital work-in-progress |
168.094 |
160.098 |
147.366 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.212 |
1.212 |
1.212 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
3.584 |
3.524 |
3.242 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
393.288 |
356.344 |
337.938 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
235.179 |
267.547 |
172.976 |
|
(c) Trade
receivables |
324.726 |
278.644 |
162.783 |
|
(d) Cash and
bank balances |
61.705 |
47.749 |
118.851 |
|
(e) Short-term
loans and advances |
165.366 |
178.493 |
144.198 |
|
(f) Other
current assets |
2.004 |
1.313 |
1.922 |
|
Total
Current Assets |
788.980 |
773.746 |
600.730 |
|
|
|
|
|
|
TOTAL |
1182.268 |
1130.090 |
938.668 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2125.123 |
1670.476 |
1720.515 |
|
|
Other Income |
16.537 |
9.926 |
4.915 |
|
|
TOTAL |
2141.660 |
1680.402 |
1725.430 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1582.989 |
1310.309 |
1343.136 |
|
|
Purchases of
Stock-in-Trade |
13.782 |
0.000 |
16.944 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.057) |
(20.035) |
28.145 |
|
|
Employee benefit expense |
86.579 |
66.223 |
59.404 |
|
|
CSR expenditure |
0.500 |
0.000 |
0.000 |
|
|
Other expenses |
278.703 |
201.334 |
187.453 |
|
|
TOTAL |
1961.496 |
1557.831 |
1635.082 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
180.164 |
122.571 |
90.348 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
60.858 |
56.538 |
54.804 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
119.306 |
66.033 |
35.544 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
13.189 |
13.503 |
14.622 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
106.117 |
52.530 |
20.922 |
|
|
|
|
|
|
|
Less |
TAX |
35.565 |
17.602 |
7.122 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
70.552 |
34.928 |
13.800 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
33.342 |
27.706 |
0.000 |
|
|
Other
Earning |
0.000 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
33.342 |
27.706 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
477.129 |
436.615 |
0.000 |
|
|
Components and spare
parts |
2.636 |
0.000 |
0.000 |
|
|
Capital Goods |
0.815 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
480.580 |
436.615 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
8.69 |
4.30 |
5.10 |
|
|
Diluted |
8.69 |
4.30 |
5.10 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
15.762 |
14.565 |
4.221 |
|
Net cash flows from (used in) operations |
95.201 |
69.365 |
(8.270) |
|
Net cash flows from (used in) operating activities |
62.140 |
53.350 |
(22.017) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
55.77 |
60.88 |
34.53 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
6.54 |
6.00 |
10.57 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
46.28 |
74.09 |
17.56 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.77 |
0.46 |
0.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.46 |
0.35 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.66 |
0.71 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.29 |
1.43 |
1.84 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.47 |
1.92 |
1.49 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.98 |
1.08 |
1.14 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.96 |
2.17 |
1.65 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
3.32 |
2.09 |
0.80 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.97 |
3.09 |
1.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
17.76 |
10.69 |
4.73 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.35 |
1.23 |
1.38 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.95 |
0.81 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.34 |
0.29 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
6.32 |
17.26 |
19.80 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.35 |
1.23 |
1.38 |
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 |
27.051 |
27.051 |
81.154 |
|
Reserves & Surplus |
264.648 |
299.575 |
316.021 |
|
Net
worth |
291.699 |
326.626 |
397.175 |
|
|
|
|
|
|
Long-term borrowings |
193.410 |
156.507 |
179.671 |
|
Short term borrowings |
338.096 |
295.778 |
317.200 |
|
Current maturities of
long-term debts |
4.221 |
14.565 |
15.762 |
|
Total
borrowings |
535.727 |
466.850 |
512.633 |
|
Debt/Equity
ratio |
1.837 |
1.429 |
1.291 |
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 |
1720.515 |
1670.476 |
2125.123 |
|
|
|
(2.908) |
27.217 |
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 |
1720.515 |
1670.476 |
2125.123 |
|
Profit/ (Loss) |
13.800 |
34.928 |
70.552 |
|
|
0.80
% |
2.09
% |
3.32
% |
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 |
No |
|
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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 |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL
PERFORMANCE:
During the year ended 31st March, 2017, the Company has achieved total revenue of INR 2141.660 million and earned a profit before tax of INR 106.117 million in comparison to INR 1680.402 million of total revenue and INR 52.530 million of profit before tax in the previous year. After provision for tax, the Company has earned a net profit of INR 70.552 million in comparison to a net profit of INR 34.928 million in the previous year.
Total income / revenue has increased by 27 percent over the previous year and net profits have increased by 102 percent as compared to the previous year. Volume too has shown considerable growth of 28 percent over the previous year.
During the year there are also association started with reputed OEM’s. During the year, the Company has successfully launched Transformer oil, Rubber processing oil and White oil under its own brand ‘Velvex’. These segments have huge demand in the market and the Company expects substantial growth in coming years.
Further to cater the increased demand of retail segment, the Company have already started its geographical expansion of network of distributors and adding few more depots.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
36.000 |
0.000 |
|
Total |
36.000 |
0.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G56339708 |
100127473 |
BANK OF BARODA |
14/09/2017 |
- |
30000000.0 |
CHANDAVARKAR ROAD BRANCH, 309, CHANDAVARKAR ROAD, MATUNGA (CENTRAL RAILWAY), MUMBAI – 400019, MAHARASHTRA, INDIA |
|
2 |
G45116183 |
100100894 |
BANK OF BARODA |
05/05/2017 |
- |
30000000.0 |
CHANDAVARKAR ROAD BRANCH, 309, CHANDAVARKAR ROAD, MATUNGA (CENTRAL RAILWAY), MUMBAI – 400019, MAHARASHTRA, INDIA |
|
3 |
G14147524 |
100053542 |
CITI BANK N.A. |
25/07/2016 |
- |
120000000.0 |
FIRST INTERNATIONAL FINANCIAL CENTRE, 9TH FLOORPLOT NO. C-54 & 55, BKC, BANDRA (EAST), MUMBAI – 400051, MAHARASHTRA, INDIA |
|
4 |
C45828589 |
10553505 |
KOTAK MAHINDRA BANK LIMITED |
06/02/2015 |
- |
50000000.0 |
27 BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI – 400051, MAHARASHTRA, INDIA |
|
5 |
C04268017 |
10493007 |
BANK OF BARODA |
03/04/2014 |
- |
40000000.0 |
CHANDAVARKAR ROAD BRANCH,309, CHANDAVARKAR ROAD, MATUNGA (C. RLY.), MUMBAI – 400019, MAHARASHTRA, INDIA |
|
6 |
B69244093 |
10407514 |
BANK OF BARODA |
05/02/2013 |
- |
600000.0 |
CHANDAVARKAR ROAD BRANCH,309, CHANDAVARKAR ROAD, MATUNGA (CENTRAL RAILWAY), MUMBAI – 400019, MAHARASHTRA, INDIA |
|
7 |
B56309859 |
10372302 |
BANK OF BARODA |
17/08/2012 |
- |
40000000.0 |
CHANDAVARKAR ROAD BRANCH,309, CHANDAVARKAR ROAD, MATUNGA (CENTRAL RAILWAY), MUMBAI – 400019, MAHARASHTRA, INDIA |
|
8 |
B38308797 |
10351990 |
ICICI BANK LIMITED |
28/04/2012 |
- |
62200000.0 |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, VADODARA – 390015, GUJARAT, INDIA |
|
9 |
B20006656 |
10305158 |
BANK OF BARODA |
02/08/2011 |
- |
20000000.0 |
CHANDAVARKAR ROAD BRANCH, 309, CHANDAVARKAR ROAD, MATUNGA (CENTRAL RAILWAY), MUMBAI – 400019, MAHARASHTRA, INDIA |
|
10 |
B16057606 |
10294854 |
ICICI BANK LIMITED |
30/06/2011 |
- |
74000000.0 |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, VADODARA – 390015, GUJARAT, INDIA |
FIXED ASSETS:
Tangible Assets
- Land
- Buildings
- Factory building
- Plant and equipment
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
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 63.77 |
|
|
1 |
INR 89.20 |
|
Euro |
1 |
INR 78.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
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.