|
|
|
MIRA INFORM REPORT
|
Report No. : |
488284 |
|
Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
LOK CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Solitaire
Corporate Park, 741, 4th Floor, Andheri Ghatkopar Link Road,
Chakala, Andheri (East), Mumbai - 400093, Maharashtra |
|
Tel. No.: |
91-22-67364646 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
26.02.1999 |
|
|
|
|
Com. Reg. No.: |
11-118567 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 22.595 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1999PTC118567 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
GSTIN: |
27AAACL4936H1ZG |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL4936H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the trading of indigenous or imported Chemicals such as methyl acrylate, methacrylic acid, naphthalene, adipic acid etc. (Registered Activity and also Confirmed by Management) |
|
|
|
|
No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1999 and is a trader of chemicals. Management has filed to file its financials with the Registrar of Companies for the FY 2017. For the financial year 2016, the company reported a 6.78% growth in the revenue as compared to the previous year along with an average profit margin of 1.18%. Rating takes into consideration the sound financial risk profile of the company marked by adequate net worth base along with strong debt coverage indicators due to low debt balance sheet profile and its efficient working capital management. These rating strengths are partially offset by LCPL's exposure to risks associated with intense competition in the chemical trading industry and foreign exchange volatility. Payment terms are reported to be regular. In view of strong financial profile, 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 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Borrowing (Suspended) (BBB+) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
26-12-2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Borrowing (Suspended) (A2) |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
26-12-2017 |
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 25.01.2018
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 (GENERAL DETAILS)
|
Name : |
Ms. Khusboo |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-67364646 |
|
Date : |
24.01.2018 |
LOCATIONS
|
Registered Office : |
Solitaire
Corporate Park, 741, 4th Floor, Andheri Ghatkopar Link Road,
Chakala, Andheri (East), Mumbai - 400093, Maharashtra, India |
|
Tel. No.: |
91-22-67364646 |
|
Mobile No.: |
91-9820146055 ( Office Number) |
|
Fax No.: |
91-22-28392486 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality: |
Commercial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rahul Loknath Lohia |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
62, Shangrila Apartment, Gulmohar Road No 11, Juhu, Mumbai -400049, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
13.02.1974 |
||||||||||||||||||||
|
Qualification : |
MBA |
||||||||||||||||||||
|
Date of Appointment : |
02.05.2002 |
||||||||||||||||||||
|
PAN No.: |
AAAPL7352G |
||||||||||||||||||||
|
DIN No.: |
01245508 |
||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Ajay Loknath Lohia |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
62, Shangrila, Samarth Ramdas Marg, Juhu, Mumbai- 400049, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
10.03.1967 |
||||||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||||||
|
Date of Appointment : |
09.10.2010 |
||||||||||||||||||||
|
PAN No.: |
AAAPL6294M |
||||||||||||||||||||
|
DIN No.: |
02966430 |
||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Khusboo |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Lohia |
|
931000 |
|
Bimla Lohia and Nidhi Lohia |
|
238000 |
|
Nidhi Lohia and Bimla Lohia |
|
142900 |
|
Nupur Lohia and Rahul Lohia |
|
100001 |
|
Lokam Holdings Private Limited |
|
583915 |
|
Intellect Stock Broking Limited |
|
124000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family - Indian) |
67.36 |
|
Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
1.04 |
|
Public/Other than promoters (Body corporate) |
31.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the trading of indigenous or imported Chemicals such as methyl acrylate, methacrylic acid, naphthalene, adipic acid etc. (Registered Activity and also Confirmed by Management) |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Cash, Advance Payment, Cheque, Credit (30/60 Days) |
||||||
|
|
|
||||||
|
Purchasing : |
Cash, Advance Payment, Cheque, Credit (30/60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers, End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
35 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India · Axis Bank Limited, CCSU Andheri, Senorita, Plot No. 21, Gulmohar Roadnear Juhu Circle, Vile Parle (West), Mumbai – 400049, Maharashtra, India ·
IDFC Bank Limited, KRM Tower, 8th Floor, No. 1,
Harrington Road, Chetpet, Chennai- 600031, Tamilnadu, India |
|
Auditors : |
|
|
Name : |
Vinod Kumar Jain and Company Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
Income-tax PAN
of auditor or auditor's firm : |
AAEPJ7471N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
· Hindustan Chemical Industries · Lokam Holdings Private Limited (CIN No.: U65990MH2010PTC202810) · Lokshakti Properties Private Limited · Valpack Solutions Private Limited |
CAPITAL STRUCTURE
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2259510 |
Equity Shares |
INR 10/- each |
INR 22.595 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 |
22.595 |
22.595 |
22.595 |
|
(b) Reserves &
Surplus |
410.089 |
387.201 |
368.042 |
|
(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
|
432.684 |
409.796 |
390.637 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14.400 |
14.300 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
1.538 |
1.271 |
1.194 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.321 |
0.254 |
0.209 |
|
Total Non-current
Liabilities |
16.259 |
15.825 |
1.403 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1.500 |
2.000 |
94.111 |
|
(b) Trade payables |
385.124 |
438.516 |
345.112 |
|
(c) Other current
liabilities |
12.552 |
27.648 |
9.114 |
|
(d) Short-term provisions |
0.796 |
1.051 |
1.080 |
|
Total Current Liabilities
|
399.972 |
469.215 |
449.417 |
|
|
|
|
|
|
TOTAL |
848.915 |
894.836 |
841.457 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
99.081 |
97.538 |
98.997 |
|
(ii) Intangible Assets |
0.061 |
0.166 |
0.000 |
|
(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 |
30.000 |
22.500 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
47.452 |
47.642 |
47.798 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
176.594 |
167.846 |
146.795 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
168.198 |
107.677 |
91.847 |
|
(c) Trade receivables |
326.160 |
278.980 |
354.723 |
|
(d) Cash and cash
equivalents |
156.187 |
152.469 |
76.842 |
|
(e) Short-term loans and
advances |
21.776 |
187.864 |
171.250 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
672.321 |
726.990 |
694.662 |
|
|
|
|
|
|
TOTAL |
848.915 |
894.836 |
841.457 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1935.644 |
1812.668 |
1840.606 |
|
|
Other Income |
10.639 |
21.373 |
6.992 |
|
|
TOTAL |
1946.283 |
1834.041 |
1847.598 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
1591.389 |
1469.490 |
1433.916 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(63.838) |
(9.505) |
35.127 |
|
|
Employee benefit expense |
12.136 |
9.204 |
6.837 |
|
|
Other expenses |
350.012 |
310.953 |
326.742 |
|
|
Prior period items before tax |
0.000 |
0.000 |
0.525 |
|
|
Exceptional items before tax |
1.389 |
1.920 |
0.000 |
|
|
TOTAL |
1891.088 |
1782.062 |
1803.147 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
55.195 |
51.979 |
44.451 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
17.441 |
20.172 |
10.284 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
37.754 |
31.807 |
34.167 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.246 |
2.916 |
2.237 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
35.508 |
28.891 |
31.930 |
|
|
|
|
|
|
|
Less |
TAX |
12.641 |
9.739 |
10.996 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
22.867 |
19.152 |
20.934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
65.655 |
0.330 |
39.574 |
|
|
TOTAL EARNINGS |
65.655 |
0.330 |
39.574 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1049.871 |
1141.340 |
1063.743 |
|
|
TOTAL IMPORTS |
1049.871 |
1141.340 |
1063.743 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
10.12 |
8.48 |
9.26 |
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 |
|
Net cash flows from (used in) operations |
18.033 |
167.223 |
(250.611) |
|
Net cash flows from (used in) operating activities |
5.392 |
157.484 |
(261.607) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
61.50 |
56.18 |
70.34 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.93 |
6.50 |
5.19 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
88.33 |
108.92 |
87.85 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.33 |
0.48 |
0.49 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.56 |
0.53 |
0.45 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.49 |
0.54 |
0.53 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.04 |
0.04 |
0.24 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.92 |
1.14 |
1.15 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.23 |
0.24 |
0.25 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.16 |
2.58 |
4.37 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.18 |
1.06 |
1.17 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.69 |
2.14 |
2.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.28 |
4.67 |
5.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.68 |
1.55 |
1.55 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.26 |
1.32 |
1.34 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.51 |
0.46 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.70 |
0.72 |
4.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.68 |
1.55 |
1.55 |
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 |
22.595 |
22.595 |
22.595 |
|
Reserves & Surplus |
368.042 |
387.201 |
410.089 |
|
Net worth |
390.637 |
409.796 |
432.684 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
14.300 |
14.400 |
|
Short term borrowings |
94.111 |
2.000 |
1.500 |
|
Total borrowings |
94.111 |
16.300 |
15.900 |
|
Debt/Equity ratio |
0.241 |
0.040 |
0.037 |
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 |
1840.606 |
1812.668 |
1935.644 |
|
|
|
(1.518) |
6.784 |
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 |
1840.606 |
1812.668 |
1935.644 |
|
Profit / (Loss) |
20.934 |
19.152 |
22.867 |
|
|
1.14% |
1.06% |
1.18% |
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 |
Yes |
|
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
No |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from 72, Juhu Supreme Centre, Gulmohar Road No. 9, Mumbai – 400049,
Maharashtra, India to the present address
w.e.f. 21.02.2011.
CORPORATE INFORMATION
The Company is a Private Limited Company domiciled in India and incorporated under the Provisions of the Companies Act, 1956. The company is engaged in the trading of indigenous or imported Chemicals. The company caters to the domestic as well as international market.
UNSECURED LOAN
|
Particular |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
14.400 |
14.300 |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
1.500 |
2.000 |
|
Total |
15.900 |
16.300 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G69643211 |
100139004 |
HDFC BANK LIMITED |
14/09/2017 |
- |
- |
150000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G70350145 |
100124472 |
CITI BANK N.A. |
08/06/2017 |
15/11/2017 |
- |
200000000.0 |
First International Financial Centre,9th FloorPlot No. C-54 & 55, BKC, Bandra (E)MumbaiMH400051IN |
|
3 |
G34685909 |
100074890 |
HDFC BANK LIMITED |
30/12/2016 |
- |
- |
200000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
G34900266 |
100075356 |
Axis Bank Limited |
17/12/2016 |
- |
- |
180000000.0 |
CCSU Andheri, Senorita, Plot No. 21, Gulmohar RoadNear Juhu Circle,Vile Parle (West),MumbaiMH400049IN |
|
5 |
G54427323 |
100088430 |
IDFC BANK LIMITED |
02/12/2016 |
13/09/2017 |
- |
280000000.0 |
KRM Tower, 7th Floor, No. 1,Harrington Road, Chetpet,ChennaiTa600031IN |
|
6 |
C74791104 |
10610758 |
CAPITAL FIRST LIMITED |
26/12/2015 |
- |
- |
30000000.0 |
15th Floor, Tower -2, Indiabulls Finance Centre,Senapati Bapat Marg, Elphinstone,MUMBAIMH400013IN |
|
7 |
G73300691 |
10120772 |
Bank of India |
10/10/2006 |
14/09/2017 |
- |
170000000.0 |
Andheri Mid Corporate Branch, M.D.I Building,28, S.V.Road, Andheri (West)MumbaiMH400058IN |
|
8 |
A31833049 |
90143890 |
ORIENTAL BANK OF COMMERCE FORT BRANCH |
26/04/2002 |
13/07/2006 |
15/01/2008 |
7500000.0 |
JASH CHAMBERS,SIR.P.M.ROAD,FORT,MUMBAI-400 001MUMBAIMH400001IN |
FIXED ASSETS
· Land
· Buildings
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
·
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, India Prisons Service,
Interpol, etc.
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 63.64 |
|
UK Pound |
1 |
INR 89.32 |
|
Euro |
1 |
INR 78.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
MTN |
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+ |
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.