|
|
|
MIRA INFORM REPORT
|
Report No. : |
489215 |
|
Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRINCE SWR SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
101/102, Sunshine Plaza, 1st Floor, Naigaon Cross Road, Dadar
(West), Mumbai – 400014, Maharashtra |
|
Tel. No.: |
91-22-40303333 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
29.03.1995 |
|
|
|
|
Com. Reg. No.: |
11-086960 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 92.040 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25206MH1995PTC086960 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
GSTIN/UIN : |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP6281H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Exporters of PVC / CPVC/ PPR - Pipes and Fittings. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 1776000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 1995 and it is a manufacturer of PVC pipes and fittings. As per the financials of March 2017, the company has registered a growth of 22.46% in its revenue as compared to its revenue in previous year and has reported average profit margin of 1.37%. Rating takes into consideration the company’s established track record of business operations marked by sound net worth along with average coverage indicators and decent liquidity position. Further, the company has reported fair earnings per share of INR 5.23 against its face value of INR 10. Payments seems 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 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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 31.01.2018.
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.
LOCATIONS
|
Registered Office / Admin Office: |
101/102, Sunshine Plaza, 1st Floor, Naigaon Cross Road,
Dadar (West), Mumbai – 400014, Maharashtra, India |
|
Tel. No.: |
91-22-40303333/44/55 |
|
Fax No.: |
91-22-40303322 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Survey No. 100/1/3, Post Box No. 104, Village – Sayli, Silvassa, Dadra
and Nagar Haveli – 396 230, India |
|
Tel No.: |
91-260-263 2655/66/77 |
|
Fax No.: |
91-260-263 2655/66/77 |
|
|
|
|
Factory 2 : |
Survey No. 245/5/1, 3 and 4, Demni Road, Village-Dadra, Silvassa –
396230, Dadra and Nagar Haveli, India |
|
Tel No.: |
91-260-266 9266/77 |
|
Fax No.: |
91-260-266 9266/77 |
|
|
|
|
Factory 3 : |
Plot No. 5B, Sector-3, IIE, BHEL, SIDCUL, Ranipur, Haridwar – 249403, |
|
Tel. No.: |
91-1334-314400 / 233811/12 |
|
Fax No.: |
91-1334-233812 |
|
|
|
|
Factory 4 : |
Plot No. 20A, IDA, Kothur, Survey No. 139 and 140, Village
Kottur, Shadnagar Taluka, Mahaboobnagar District – 509228, Telangana, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Piyush Gangji Chheda |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
104 1st Floor Sunshine Plaza, Dadar Railway Station, Marathi Grnath,
Dadar (East), Mumbai – 400014, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
29.05.1966 |
||||||||||||||||
|
Date of Appointment : |
14.05.1996 |
||||||||||||||||
|
DIN No.: |
00222900 |
||||||||||||||||
|
PAN No.: |
AABPC3159M |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mrs. Rupal Piyush Chheda |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
103 1st Floor Sunshine Plaza, Naigaon Cross Road, Dadar (East), Mumbai
– 400014, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
17.06.1967 |
||||||||||||||||
|
Date of Appointment : |
15.05.2006 |
||||||||||||||||
|
DIN No.: |
00223907 |
||||||||||||||||
|
PAN No.: |
AADPC1523H |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Harshvardhan Piyush Chheda |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
601, K N Building, Bhandarkar Road, Matunga, Mumbai – 400019,
Maharashtra, India |
||||||||||||||||
|
Date of Appointment : |
30.09.2016 |
||||||||||||||||
|
DIN No.: |
07594009 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sadanand Nana Kadam |
|
Designation : |
Company Secretary |
|
Address : |
B-69, Gate No.2, Dawari Nagar, Santacruz (East), Mumbai-400055, Maharashtra, India |
|
Date of Appointment : |
14.08.2017 |
|
PAN No.: |
AMTPK3994N |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Piyush G. Chheda |
|
4729150 |
|
Rupal P. Chheda |
|
2179000 |
|
Piyush G. Chheda (HUF) |
|
1445850 |
|
Shivani P. Chheda |
|
50000 |
|
Janvi P. Chheda |
|
50000 |
|
Harshvardhan P. Chheda |
|
750000 |
|
Total |
|
9204000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided
Family (Indian)) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporters of PVC / CPVC/ PPR - Pipes and Fittings. (Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
L. D. Joshi and Company Chartered Accountants |
|
Address : |
2-G, Court Chambers, 35, New Marine Lines, Mumbai – 400020, Maharashtra, India |
|
PAN No.: |
AACFL7859G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprise over which key Management personnel /relatives of key
management personnel exercise significant influence : |
· Prince Industries Private Limited · Prince Industries ·
Harshvardhan International |
CAPITAL STRUCTURE
AS ON 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11700000 |
Equity Shares |
INR 10/- each |
INR 117.000 Million |
|
800000 |
Preference Shares |
INR 10/- each |
INR 8.000 Million |
|
|
Total |
|
INR 125.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9204000 |
Equity Shares |
INR 10/- each |
INR 92.040 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
92.040 |
80.540 |
80.540 |
|
(b) Reserves and Surplus |
529.517 |
423.914 |
388.905 |
|
(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) |
621.557 |
504.454 |
469.445 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
71.203 |
93.546 |
152.853 |
|
(b) Deferred tax liabilities (Net) |
52.656 |
48.130 |
42.873 |
|
(c) Other long-term
liabilities |
49.616 |
48.592 |
47.587 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
173.475 |
190.268 |
243.313 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1353.839 |
1384.833 |
1203.710 |
|
(b) Trade
payables |
956.333 |
279.697 |
215.200 |
|
(c) Other
current liabilities |
384.646 |
324.995 |
266.227 |
|
(d) Short-term
provisions |
22.165 |
13.856 |
27.354 |
|
Total Current
Liabilities (4) |
2716.983 |
2003.381 |
1712.491 |
|
|
|
|
|
|
TOTAL |
3512.015 |
2698.103 |
2425.249 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
839.972 |
563.526 |
510.930 |
|
(ii)
Intangible Assets |
0.073 |
0.261 |
0.429 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.504 |
|
(iv)
Intangible assets under development |
24.029 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
11.794 |
1.120 |
0.648 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
875.868 |
564.907 |
512.511 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1743.746 |
1481.517 |
1258.249 |
|
(c) Trade
receivables |
637.044 |
520.324 |
536.178 |
|
(d) Cash and
bank balances |
70.996 |
50.412 |
44.705 |
|
(e)
Short-term loans and advances |
184.361 |
80.943 |
73.606 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2636.147 |
2133.196 |
1912.738 |
|
|
|
|
|
|
TOTAL |
3512.015 |
2698.103 |
2425.249 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
3511.415 |
2867.341 |
2776.937 |
|
|
Other Income |
9.702 |
6.903 |
8.508 |
|
|
TOTAL |
3521.117 |
2874.244 |
2785.445 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2832.844 |
2337.989 |
2158.523 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(219.241) |
(242.010) |
(52.608) |
|
|
Employee benefit expense |
191.639 |
152.441 |
130.742 |
|
|
CSR expenditure |
7.125 |
6.408 |
3.000 |
|
|
Other expenses |
383.551 |
315.067 |
267.079 |
|
|
TOTAL |
3195.918 |
2569.895 |
2506.736 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
325.199 |
304.349 |
278.709 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
172.637 |
167.862 |
154.442 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
152.562 |
136.487 |
124.267 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
86.072 |
73.364 |
67.158 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
66.490 |
63.123 |
57.109 |
|
|
|
|
|
|
|
Less |
TAX |
18.388 |
18.420 |
18.528 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
48.102 |
44.703 |
38.581 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
5.23 |
5.55 |
4.79 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
605.476 |
223.279 |
173.856 |
|
Net cash flows from (used in) operating activities |
587.089 |
204.860 |
155.328 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
66.22 |
66.23 |
70.48 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.51 |
5.51 |
5.18 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
123.22 |
43.67 |
36.39 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.19 |
0.21 |
0.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.38 |
0.54 |
0.54 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.79 |
0.78 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.29 |
2.93 |
2.89 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.37 |
3.97 |
3.65 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.39 |
1.12 |
1.09 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.88 |
1.81 |
1.80 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
1.37 |
1.56 |
1.39 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.37 |
1.66 |
1.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.74 |
8.86 |
8.22 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.97 |
1.06 |
1.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.33 |
0.33 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.18 |
0.19 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
15.48 |
18.36 |
16.84 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.97 |
1.06 |
1.12 |
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 |
80.540 |
80.540 |
92.040 |
|
Reserves & Surplus |
388.905 |
423.914 |
529.517 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
469.445 |
504.454 |
621.557 |
|
|
|
|
|
|
Long-term borrowings |
152.853 |
93.546 |
71.203 |
|
Short term borrowings |
1203.710 |
1384.833 |
1353.839 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1356.563 |
1478.379 |
1425.042 |
|
Debt/Equity
ratio |
2.890 |
2.931 |
2.293 |
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 |
2776.937 |
2867.341 |
3511.415 |
|
|
0.000 |
3.256 |
22.462 |
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 |
2776.937 |
2867.341 |
3511.415 |
|
Profit/ (Loss) |
38.581 |
44.703 |
48.102 |
|
|
1.39
% |
1.56
% |
1.37
% |
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 |
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office
of the company has been shifted from Prince Arcade, C-10, Central Road, Marol MIDC,
Andheri (East), Mumbai – 400093, Maharashtra, India to the present address
w.e.f. 26.03.2008
CORPORATE INFORMATION
The company Manufacturer of PVC Pipes and Fittings at units located in Silvassa and Dadra, India. The registered office of the Company is situated at Mumbai.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
0.000 |
1.383 |
|
Other loans and advances |
0.821 |
9.620 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
1.382 |
1.960 |
|
Deposits |
80.000 |
115.500 |
|
Other loans and advances |
250.969 |
375.582 |
|
Total |
333.172 |
504.045 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G57928038 |
100110469 |
Canara Bank |
19/06/2017 |
07/10/2017 |
471400000.0 |
NARIMAN POINT BRANCH, MITTAL TOWER, C-WING GROUND FLOOR MUMBAI MAHARASHTRA 400021 INDIA |
|
2 |
G47738703 |
100107823 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
30/03/2017 |
- |
7067900.0 |
PLOT NO. 2, SECTOR NO. 2, KHARGHAR NOD NAVI MUMBAI MAHARASHTRA 410210 INDIA |
|
3 |
G48321723 |
100109480 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
09/03/2017 |
- |
29538826.0 |
PLOT NO. 2, SECTOR NO. 2, KHARGHAR NOD NAVI MUMBAI MAHARASHTRA 410210 INDIA |
|
4 |
G28521888 |
100064034 |
Axis Bank Limited |
19/11/2016 |
- |
50000000.0 |
12 -MITTAL TOWER, 1ST FLOOR A WING NARIMAN POINT, MUMBAI MAHARASHTRA 400021 INDIA |
|
5 |
G05112834 |
100031093 |
Standard Chartered Bank |
02/03/2016 |
- |
17200000.0 |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST MUMBAI MAHARASHTRA 400051 INDIA |
|
6 |
C74651266 |
10610512 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
07/12/2015 |
- |
4957200.0 |
130, PANDURANG BUDHKAR MARG,WORLIMUMBAI MAHARASHTRA 400018 INDIA |
|
7 |
C69410793 |
10601090 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
29/10/2015 |
- |
7344000.0 |
130, PANDURANG BUDHKAR MARG,WORLI MUMBAI MAHARASHTRA 400018 INDIA |
|
8 |
C63373120 |
10589438 |
Standard Chartered Bank |
14/08/2015 |
- |
10750000.0 |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST MUMBAI MAHARASHTRA 400051 INDIA |
|
9 |
C59759175 |
10581783 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
01/07/2015 |
- |
14431280.0 |
130, PANDURANG BUDHKAR MARG, WORLI MUMBAI MAHARASHTRA 400018 INDIA |
|
10 |
B62575162 |
10388043 |
ICICI BANK LIMITED |
26/10/2012 |
- |
222700000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
FIXED ASSETS:
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
Intangible assets
· Computer software
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 63.75 |
|
UK Pound |
1 |
INR 89.39 |
|
Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYTK |
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.