|
|
|
MIRA INFORM REPORT
|
Report No. : |
488343 |
|
Report Date : |
27.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
GP GLOBAL ENERGY PRIVATE LIMITED (w.e.f. 12.12.2015) |
|
|
|
|
Formerly Known
As : |
GULF
PETROCHEM ENERGY PRIVATE LIMITED (w.e.f.18.06.2011) ASPAM
ENERGY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Resham House, Farm No.-9/1, Amaltas Avenue, Westend Green Farm
Society, Near 21st Milestone Complex, Shamkala, New Delhi-110037 |
|
Tel. No.: |
91-11-46101494 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of Incorporation
: |
02.02.2010 |
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|
|
|
Com. Reg. No.: |
55-198575 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 51.844 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2010PTC198575 |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
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GSTIN : |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICA3281E |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Wholesale marketing and wholesale trading of petroleum products and other products and rental income from investment properties. [Registered activity and also confirmed by management] |
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|
|
|
No. of Employees
: |
25 (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject is a wholly owned subsidiary of “Gulf Petrochem FZC”, United
Arab Emirates. The company was incorporated in the year 2010. It is a trader of coal, fuel oil, bitumen lubricants and grease. For the financial year 2017, the revenue of the company has increased
by 6.19% along with low profit margin of 0.78%. The sound financial profile of the company is marked by healthy
networth base along with negligible debt level. Rating takes into account of strong financial and managerial support
that company receives from its holding entity backed by its well experienced
management team. Business is active. Payments are reported to be regular. 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 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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 27.01.2018.
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 : |
Mr. Yashpal Patel |
|
Designation : |
Forex Department |
|
Contact No.: |
91-9004872027 |
|
Date : |
27.01.2018 |
Tel. No.: 91-11-46101494 /
22-61482500 (Number is ringing)
LOCATIONS
|
Registered Office : |
Resham House, Farm No.-9/1, Amaltas Avenue, Westend Green Farm
Society, Near 21st Milestone Complex, Shamkala, New Delhi-110037,
India |
|
Tel. No.: |
91-11-46101494 |
|
Mobile No.: |
91-9004872027 (Mr. Yashpal Patel) |
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Fax No.: |
91-11-46101494 |
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E-Mail : |
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Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
803 / 804, Ackruti Star, 8th Floor, MIDC Central Road, (Opposite Ackruti Centre Point) MIDC, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-61482500 |
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Fax No.: |
91-22-61482599 |
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E-Mail : |
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|
|
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Operation Office : |
No.203, 2nd Floor, Plot No.341, Banking Circle, Gandhidham, Kutch District 370201, Gujarat, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mrs. Anita Goyal |
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Designation : |
Director |
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Address : |
Reshm Aavaas, 105, Akashneem Marg, DLF City, Phase II, Gurugram-122001, Haryana, India |
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Date of Birth/Age : |
01.09.1956 |
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Qualification : |
B.A. |
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Date of Appointment : |
02.02.2010 |
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DIN No.: |
01203190 |
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Other Directorship:
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|
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|
Name : |
Mr. Ayush Goel |
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|
Designation : |
Director |
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Address : |
Reshm Aavaas, 105, Akashneem Marg, DLF City, Phase 2, Gurugram-122001, Haryana, India |
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Date of Birth/Age : |
27.09.1990 |
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Qualification : |
B. Com, MBA |
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Date of Appointment : |
02.02.2010 |
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DIN No.: |
02889080 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Surinder Kumar Gupta |
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Designation : |
Director |
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Address : |
A-266 A Block, Gali No. 1, Majlis Park, Delhi-110033, India |
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Date of Birth/Age : |
18.12.1969 |
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Qualification : |
M. Com |
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Date of Appointment : |
26.06.2013 |
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DIN No.: |
06550387 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Shruti Bansal and Associates |
|
Designation : |
Company secretary in practice |
|
Address : |
512-B, Kirti Shikhar Building, Janakpuri, District Center, New
Delhi-110058, India |
|
Mobile No.: |
91-9811530248 |
|
Qualification : |
B.Com (H), A.C.S. |
|
E-Mail: |
|
|
|
|
|
Name : |
Mr. Yashpal Patel |
|
Designation : |
Forex Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Anita Goyal |
1131802 |
21.83 |
|
Ayush Goyal |
303201 |
5.85 |
|
Gulf Petrochem FZC, United Arab Emirates |
3691654 |
71.21 |
|
Irfana Rizvi |
57702 |
1.11 |
|
Total |
5184359 |
100.00 |
AS ON 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
27.68 |
|
Promoters - Bodies corporate |
71.21 |
|
Public/Other than promoters - Individual/Hindu Undivided Family – Indian |
1.11 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesale marketing and wholesale trading of petroleum products and other products and rental income from investment properties. [Registered activity and also confirmed by management] |
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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 : |
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Products : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
L/C and Cheque |
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Purchasing : |
L/C and Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
25 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Jatin Mittal Chaudhary and Associates Chartered Accountants |
|
Address : |
29/6, Shakti Nagar, Nagia Park Circle, New Delhi, India |
|
PAN No.: |
AADFJ2454N |
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|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
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|
Holding Company : |
Gulf Petrochem FZC, United Arab Emirates |
|
|
|
|
Fellow Subsidiary
Companies : |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
GP Global Asphalt Private Limited, India |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5184359 |
Equity Shares |
INR 10/- each |
INR 51.844 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
51.844 |
51.844 |
45.715 |
|
(b) Reserves and Surplus |
1083.403 |
1061.528 |
904.428 |
|
(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) |
1135.247 |
1113.372 |
950.143 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
50.997 |
61.533 |
70.381 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
7.851 |
6.459 |
3.329 |
|
(d) long-term
provisions |
2.197 |
0.620 |
0.559 |
|
Total Non-current
Liabilities (3) |
61.045 |
68.612 |
74.269 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
512.805 |
588.838 |
17.104 |
|
(b) Trade
payables |
55.258 |
259.078 |
427.749 |
|
(c) Other current
liabilities |
90.165 |
36.151 |
58.747 |
|
(d) Short-term
provisions |
11.535 |
13.970 |
0.779 |
|
Total Current
Liabilities (4) |
669.763 |
898.037 |
504.379 |
|
|
|
|
|
|
TOTAL |
1866.055 |
2080.021 |
1528.791 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
120.336 |
305.549 |
171.526 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
2.016 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
405.357 |
209.783 |
183.783 |
|
(c) Deferred tax assets (net) |
1.580 |
2.373 |
1.440 |
|
(d)
Long-term loans and advances |
6.520 |
7.184 |
43.059 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
533.793 |
524.889 |
401.824 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
92.884 |
330.312 |
367.687 |
|
(c) Trade
receivables |
792.973 |
513.975 |
430.180 |
|
(d) Cash and
bank balances |
142.832 |
153.349 |
22.714 |
|
(e)
Short-term loans and advances |
227.615 |
502.289 |
275.947 |
|
(f) Other
current assets |
75.958 |
55.207 |
30.439 |
|
Total
Current Assets |
1332.262 |
1555.132 |
1126.967 |
|
|
|
|
|
|
TOTAL |
1866.055 |
2080.021 |
1528.791 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2808.935 |
2644.992 |
2536.245 |
|
|
Other Income |
29.301 |
21.461 |
24.060 |
|
|
TOTAL |
2838.236 |
2666.453 |
2560.305 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
2276.601 |
2381.969 |
2149.700 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
237.428 |
37.374 |
229.649 |
|
|
Employee benefit expense |
35.974 |
20.071 |
27.169 |
|
|
Other expenses |
216.089 |
165.006 |
87.133 |
|
|
TOTAL |
2766.092 |
2604.420 |
2493.651 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
72.144 |
62.033 |
66.654 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
37.990 |
26.749 |
26.374 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
34.154 |
35.284 |
40.280 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1.586 |
9.670 |
8.035 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
32.568 |
25.614 |
32.245 |
|
|
|
|
|
|
|
Less |
TAX |
10.693 |
12.866 |
10.301 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
21.875 |
12.748 |
21.944 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1307.417 |
1518.024 |
914.226 |
|
|
Reimbursement of Berge Charges |
7.408 |
7.200 |
6.344 |
|
|
TOTAL EARNINGS |
1314.825 |
1525.224 |
920.570 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Traded Goods |
1558.220 |
2224.354 |
1456.284 |
|
|
TOTAL IMPORTS |
1558.220 |
2224.354 |
1456.284 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.22 |
2.50 |
5.64 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
10.075 |
8.578 |
7.783 |
|
Net cash flows from (used in) operations |
52.222 |
189.987 |
(244.467) |
|
Net cash flows from (used in) operating activities |
44.222 |
181.366 |
(252.639) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
103.04 |
70.93 |
61.91 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
3.54 |
5.15 |
5.90 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
8.86 |
39.70 |
72.63 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.78 |
0.19 |
0.18 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.60 |
0.20 |
0.38 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.39 |
0.47 |
0.38 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.51 |
0.59 |
0.10 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.59 |
0.81 |
0.53 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.11 |
0.27 |
0.18 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.90 |
2.32 |
2.53 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
0.78 |
0.48 |
0.87 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.17 |
0.61 |
1.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.93 |
1.14 |
2.31 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.99 |
1.73 |
2.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.85 |
1.36 |
1.51 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.61 |
0.54 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
11.07 |
12.71 |
2.08 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.99 |
1.73 |
2.23 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
45.715 |
51.844 |
51.844 |
|
Reserves & Surplus |
904.428 |
1061.528 |
1083.403 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
950.143 |
1113.372 |
1135.247 |
|
|
|
|
|
|
Long-term borrowings |
70.381 |
61.533 |
50.997 |
|
Short term borrowings |
17.104 |
588.838 |
512.805 |
|
Current maturities of
long-term debts |
7.783 |
8.578 |
10.075 |
|
Total
borrowings |
95.268 |
658.949 |
573.877 |
|
Debt/Equity
ratio |
0.100 |
0.592 |
0.506 |
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 |
2536.245 |
2644.992 |
2808.935 |
|
|
|
4.288 |
6.198 |
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 |
2536.245 |
2644.992 |
2808.935 |
|
Profit/ (Loss) |
21.944 |
12.748 |
21.875 |
|
|
0.87% |
0.48% |
0.78% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BRIEF DESCRIPTION OF THE
COMPANY’S WORKING DURING THE YEAR
During the year, the Company achieved turnover of INR 2838.236 million as compared to INR 2666.453 million in previous year. Net profit of the Company at the level of INR 21.875 million as compared to INR 12.748 million in previous year.
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G71432553 |
100142169 |
Dena Bank |
01/12/2017 |
- |
- |
350000000.0 |
Sachivalaya Corner Branch, "The Beacon" Madam Cama Road, Sachivalaya Corner, Mumbai-400021, Maharashtra, India |
|
2 |
G52173283 |
100120037 |
Cooperatieve Rabobank U.A. |
24/08/2017 |
- |
- |
1000000000.0 |
20/F, Tower A, Peninsuala Business Park, Senapati Bapat Marg, Lower Parel, Mumbai-400013, Maharashtra, India |
|
3 |
G48914527 |
100111268 |
YES BANK LIMITED |
27/04/2017 |
- |
- |
135000000.0 |
Nehru Centre, 9th Floor, Discovery of India, Dr. A. B. Road, Worli, Mumbai-400018, Maharashtra, India |
|
4 |
C59082834 |
10580277 |
HDFC BANK LIMITED |
03/07/2015 |
- |
- |
300000000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
5 |
C58268905 |
10473386 |
Axis Bank Limited |
13/12/2013 |
16/06/2015 |
- |
320000000.0 |
Corporate Banking Branch 12-A, Mittal Tower, First Floor, Nariman Point, Mumbai-400021, Maharashtra, India |
|
6 |
G48059992 |
10265136 |
ICICI BANK LIMITED |
05/01/2011 |
- |
29/06/2017 |
12500000.0 |
Landmarkrace Cource Circle, Alkapuri, Vadodara-390015, Gujarat, India |
|
7 |
G48058648 |
10276031 |
ICICI BANK LIMITED |
27/02/2011 |
- |
29/06/2017 |
87500000.0 |
Landmarkrace Cource Circle, Alkapuri, Vadodara-390015, Gujarat, India |
|
8 |
G39655683 |
10588212 |
KOTAK MAHINDRA BANK LIMITED |
03/08/2015 |
- |
09/03/2017 |
356300000.0 |
27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
|
9 |
C71420517 |
10428165 |
Canara Bank |
14/05/2013 |
- |
18/11/2015 |
1200000.0 |
12 Aradhna Enclave, Sector - 13, R. K. Puram, New Delhi-110066, India |
|
10 |
C47749148 |
10345034 |
ICICI BANK LIMITED |
27/03/2012 |
- |
12/03/2015 |
650000000.0 |
Landmarkrace Cource Circle, Alkapuri, Vadodara-390015, Gujarat, India |
FIXED ASSETS:
- Land
- Office equipment
- Furniture and fixtures
- Computer
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 63.50 |
|
|
1 |
INR 90.92 |
|
Euro |
1 |
INR 79.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
BHG |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.