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MIRA INFORM REPORT
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Report No. : |
488086 |
|
Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
DHRUVIKA CHEMICALS TRADING PRIVATE LIMITED |
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Registered
Office : |
304, 3rd Floor, 70, Swastik House, Kazi Sayed Street, Khand Bazar,
Masjid Station, Mandvi, Mumbai-400003, Maharashtra |
|
Tel. No.: |
91-22-64528826 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
27.03.2010 |
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Com. Reg. No.: |
11-201366 |
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Capital
Investment / Paid-up Capital : |
INR 1.000 Million |
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CIN No.: [Company Identification
No.] |
U51909MH2010PTC201366 |
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IEC No.: |
0310029023 |
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GSTIN: |
Not Divulged |
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TIN/CST No.: |
27680776835 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCD4027A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject engaged in the activities pertaining to importing, exporting, buying, selling, distributing, all types of chemicals, chemical products, chemical compounds, chemical by products and chemical joint products thereof. (Registered Activity) |
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No. of Employees
: |
Information declined 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 |
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Maximum Credit Limit : |
USD |
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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 is a subsidiary company of “Spectrum Communication Private Limited” incorporated in the year 2010 having moderate track record. It is engaged in the activated pertaining to importing exporting, buying, selling of all types of chemical products, chemical compounds. Management has not filed its financials of March 2017 with Registrar of Companies. For the financial year 2016, the company’s sales growth is majorly declined resulted in negative growth compared to its previous year along with low profit margin of 0.60% during the year. Rating takes into consideration the company’s acceptable financial risk profile marked by adequate net worth base and comfortable liquidity position. Rating also takes into account the strong financial and managerial support that company receives from its holding entity backed by its well experienced management team. Rating strength is partially offset by highly competitive nature of the industry with presence of other large players and unorganized sector marked by profit margins exposed to fluctuations in the input prices. 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.
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 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
INFORMATION DENIED
Management non-cooperative (Tel No.:91-22-23454435)
LOCATIONS
|
Registered Office : |
304, 3rd Floor, 70, Swastik House, Kazi Sayed Street, Khand Bazar,
Masjid Station, Mandvi, Mumbai-400003, Maharashtra, India |
|
Tel. No.: |
91-22-64528826/40126821/23454435 |
|
Fax No.: |
91-22-27801853 |
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E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ramesh Kumar Sharma |
|
Designation : |
Managing Director |
|
Address : |
2596, POP Singh Mohalla, Nasirabad District, Ajmer-305601, Rajasthan,
India |
|
Date of Appointment : |
12.10.2015 |
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DIN No.: |
06861925 |
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|
|
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Name : |
Mr. Arunkumar Ramjiyavan Singh |
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Designation : |
Director |
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Address : |
Satyanarayan Yadav Chawl, Room No. 3, Munshi Mahal, Jamil Nagar, Bhr Road, Bhandup (West), Mumbai - 400078, Maharashtra, India |
|
Date of Appointment : |
01.04.2016 |
|
DIN No.: |
06641385 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Sujit Mohanty |
50000 |
50.00 |
|
Ramesh Kumar Sharma |
50000 |
50.00 |
|
Total |
100000 |
100.00 |
As on 16.07.2016
|
Names of Allottees |
No. of Shares |
|
Ramesh Kumar Sharma |
200000 |
|
Arunkumar Ramjiyavan Singh |
200000 |
|
Total |
400000 |
As on 27.12.2016
|
Names of Allottees |
No. of Shares |
|
Ramesh Kumar Sharma |
500000 |
|
Arunkumar Ramjiyavan Singh |
500000 |
|
Total |
1000000 |
Equity Share Break up (Percentage of Total Equity)
As on 23.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in the activities pertaining to Importing, exporting, buying, selling, distributing and manufacturing of all types of chemicals, chemical products, chemical compounds, chemical by products and chemical joint products thereof. (Registered Activity) |
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Products : |
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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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Deepak Nayak and Associates Chartered Accountants |
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Address : |
7, Shiv-Parvati Building, Senapati Bapat Marg, Mumbai – 400013, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AABPN4668A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Spectrum Communication Private Limited CIN No.: U64100MH1986PTC041768 |
CAPITAL STRUCTURE
After on
23.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital : INR 20.000
Million
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 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 |
1.000 |
1.000 |
1.000 |
|
(b) Reserves & Surplus |
10.453 |
4.928 |
0.804 |
|
(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) |
11.453 |
5.928 |
1.804 |
|
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
26.810 |
0.192 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.060 |
0.000 |
0.004 |
|
(c) Other long term
liabilities |
55.000 |
55.000 |
0.000 |
|
(d) long-term
provisions |
0.066 |
1.021 |
0.132 |
|
Total Non-current
Liabilities (3) |
81.936 |
56.213 |
0.136 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
8.502 |
|
(b) Trade
payables |
215.231 |
153.512 |
192.672 |
|
(c) Other current
liabilities |
7.707 |
1.158 |
17.193 |
|
(d) Short-term
provisions |
2.473 |
0.079 |
0.082 |
|
Total Current
Liabilities (4) |
225.411 |
154.749 |
218.449 |
|
|
|
|
|
|
TOTAL |
318.800 |
216.890 |
220.389 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
8.080 |
0.507 |
0.058 |
|
(ii)
Intangible Assets |
0.054 |
0.002 |
0.004 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.025 |
0.000 |
|
(d) Long-term Loan and Advances |
3.622 |
3.464 |
0.261 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
11.756 |
3.998 |
0.323 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
142.634 |
114.882 |
50.035 |
|
(c) Trade
receivables |
115.016 |
42.940 |
154.505 |
|
(d) Cash
and cash equivalents |
10.413 |
0.908 |
1.506 |
|
(e)
Short-term loans and advances |
32.990 |
54.162 |
14.012 |
|
(f) Other
current assets |
5.991 |
0.000 |
0.008 |
|
Total
Current Assets |
307.044 |
212.892 |
220.066 |
|
|
|
|
|
|
TOTAL |
318.800 |
216.890 |
220.389 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
924.850 |
1710.473 |
750.792 |
|
|
Other Income |
0.858 |
0.898 |
1.927 |
|
|
TOTAL |
925.708 |
1711.371 |
752.719 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
918.798 |
1700.604 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
759.852 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(27.752) |
(64.847) |
(37.833) |
|
|
Employee benefit expense |
1.509 |
1.271 |
0.928 |
|
|
Other expenses |
16.460 |
32.887 |
0.903 |
|
|
Prior period items before tax |
0.000 |
0.000 |
0.021 |
|
|
Extraordinary items before tax |
0.000 |
(0.040) |
0.000 |
|
|
TOTAL |
909.015 |
1669.875 |
723.871 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
16.693 |
41.496 |
28.848 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.388 |
36.202 |
11.963 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.305 |
5.294 |
16.885 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.269 |
0.199 |
0.016 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
8.036 |
5.095 |
16.869 |
|
|
|
|
|
|
|
Less |
TAX |
2.509 |
0.971 |
0.249 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
5.527 |
4.124 |
16.620 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
41.24 |
55.27 |
166.20 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.978 |
0.148 |
NA |
|
Net cash flows from (used in) operations |
8.036 |
5.056 |
1.388 |
|
Net cash flows from (used in) operating activities |
8.036 |
5.056 |
1.064 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
45.39 |
9.16 |
75.11 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.04 |
39.83 |
4.86 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
85.50 |
32.95 |
92.55 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.12 |
0.36 |
0.58 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2.05 |
81.52 |
465.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.79 |
0.72 |
0.99 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.43 |
0.06 |
4.71 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
19.68 |
26.10 |
121.09 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.71 |
0.09 |
0.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.99 |
1.15 |
2.41 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.60 |
0.24 |
2.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.73 |
1.90 |
7.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
48.26 |
69.57 |
921.29 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.36 |
1.38 |
1.01 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.73 |
0.63 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.04 |
0.03 |
0.01 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
27.79 |
0.34 |
8.50 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.36 |
1.38 |
1.01 |
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 |
1.000 |
1.000 |
1.000 |
|
Reserves & Surplus |
0.804 |
4.928 |
10.453 |
|
Net
worth |
1.804 |
5.928 |
11.453 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.192 |
26.810 |
|
Short term borrowings |
8.502 |
0.000 |
0.000 |
|
Total
borrowings |
8.502 |
0.192 |
26.810 |
|
Debt/Equity
ratio |
4.713 |
0.032 |
2.341 |
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 |
750.792 |
1710.473 |
924.850 |
|
|
|
127.822 |
(45.930) |
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 |
750.792 |
1710.473 |
924.850 |
|
Profit |
16.620 |
4.124 |
5.527 |
|
|
2.21
% |
0.24
% |
0.60
% |
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 |
No |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
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 |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS:
The Company continues to be engaged in the activities pertaining to Importing, exporting, buying, selling, distributing, all types of chemicals, chemical products , chemical compounds, chemical by products and chemical joint products thereof
INDEX
OF CHARGES
|
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
G51779122 |
100119137 |
HDFC BANK LIMITED |
18/08/2017 |
- |
- |
14054000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI- 400013, MAHARASHTRA INDIA |
|
G47169263 |
100106398 |
State Bank of India |
22/06/2017 |
- |
- |
47500000.0 |
SME CENTRE, 101 FIRST FLOOR,EAST WING,LANDMARK BUILDING, S. V. ROAD, BORIVLI (WEST) MUMBAI-400092 MAHARASHTRA INDIA |
|
G47791181 |
100109717 |
DEUTSCHE BANK AG |
26/05/2017 |
- |
- |
22500000.0 |
P.O. BOX NO.9080 GOREGAON MUMBAI-400063 MAHARASHTRA INDIA |
|
G28355485 |
100063739 |
HDFC BANK LIMITED |
01/10/2016 |
- |
- |
2125697.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI-400013 MAHARASHTRA INDIA |
|
G04388492 |
100029301 |
HDFC BANK LIMITED |
01/03/2016 |
- |
- |
1222500.0 |
HDFC BANK LIMITED, HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI-400013 MAHARASHTRA INDIA |
FIXED ASSETS
·
Land
·
Buildings
·
Office Buildings
·
Factory Buildings
·
Plant and Equipment
·
Factory Equipment
·
Furniture and Fixture
·
Vehicles
·
Computer Equipments
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 78.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.