|
|
|
MIRA INFORM REPORT
|
Report No. : |
512146 |
|
Report Date : |
01.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
MUSCAT POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Doshi Corporate Park, Plot No.3, C.S No.3320/E-3, Near Utkarsh School,
Opposite Satnam Hospital, Akshar Marg End Rajkot, Rajkot-360001, Gujarat |
|
Tel. No.: |
91-281-2970431 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
01.02.1994 |
|
|
|
|
Com. Reg. No.: |
04-021183 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 43.328 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119GJ1994PTC021183 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM6314J |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Exporter of Plastic Goods. (Confirmed by management) Manufacturing and Trading of Plastics Goods. (Registered
Activity) |
|
|
|
|
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 |
|
Maximum Credit Limit : |
USD 270000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1994. It is a trader and exporter
of plastic goods. For the financial year 2017, the company has achieved revenue growth
of 5.16% as compared to the previous year along with an average profit margin
of 1.73%. The satisfactory financial profile of the company is marked by
sufficient networth base along with comfortable debt balance sheet. Payment seems to be slow but 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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 |
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
31-03-2018.
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 01.06.2018
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. Suresh |
|
Designation : |
Account Manager |
|
Contact No.: |
91-281-2970434 |
|
Date : |
30.05.2018 |
LOCATIONS
|
Registered Office : |
Doshi Corporate Park, Plot No.3, C.S No.3320/E-3, Near Utkarsh School,
Opposite Satnam Hospital, Akshar Marg End Rajkot, Rajkot-360001, Gujarat,
India |
|
Tel. No.: |
91-281-2970431/34 |
|
Fax No.: |
91-281-2970432 |
|
E-Mail : |
|
|
Website: |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Gundasari Road, Opposite Railway Crossing, Veraval
(Shapar), |
|
Tel. No.: |
91-2827-253203, 253204 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Niraj Kishorebhai Doshi |
||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||
|
Address : |
75, Nautan Nagar, Kalawad Road, Rajkot-360001, Gujarat, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.12.1969 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.1998 |
||||||||||||||||||||||||||||
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DIN No.: |
00118762 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Rajivkumar Kishorechandra Doshi |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Sonira, 1 – Tagore Nagar, Kalawad Road, Rajkot-360001, Gujarat, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.12.1956 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.1998 |
||||||||||||||||||||||||||||
|
DIN No.: |
00118736 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Shrenik Rajivkumar Doshi |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Sonira, 1 – Tagore Nagar, Kalawad Road, Rajkot-360001, Gujarat, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2014 |
||||||||||||||||||||||||||||
|
DIN No.: |
00287959 |
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Other Directorship:
|
|||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Vishal Madhukarbhai Kothary |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Muscat Villa, Mahadev Wadi, Gondal, Rajkot-360311, Gujarat, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.06.1973 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.02.1994 |
||||||||||||||||||||||||||||
|
DIN No.: |
01541706 |
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Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mrs. Minaxi Madhookar Kothary |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Muscat Villa, Mahadev Wadi, Gondal, Rajkot-360311, Gujarat, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.04.1950 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.1998 |
||||||||||||||||||||||||||||
|
DIN No.: |
01601433 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Suresh |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Vishal Madhukarbhai Kothary |
100 |
0.02 |
|
Minaxiben Madhookar Kothary |
216540 |
49.98 |
|
Virtual Concepts Private Limited, India |
85000 |
19.62 |
|
Progro Management and Consultants Private Limited, India |
56000 |
12.93 |
|
Shiv Shyam Auto Leasing and Finance Private Limited, India |
46640 |
10.76 |
|
Nexus Monetzing Private Limited, India |
29000 |
6.69 |
|
Total |
433280 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
50.00 |
|
Promoters (Body corporate) |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Plastic Goods. (Confirmed by management) Manufacturing and Trading of Plastics Goods. (Registered
Activity) |
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|
||||
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Products/ Services : |
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||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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||||
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Exports : |
|
||||
|
Products : |
Plastics Goods |
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Countries : |
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||||
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|
||||
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Imports : |
Not Available |
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|
||||
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Terms : |
|
||||
|
Selling : |
L/C and Credit (30/ 60 Days) |
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|
||||
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Purchasing : |
Others (RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers
|
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No. of Employees : |
Information declined by the management |
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Bankers : |
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|
||||||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Dharmendra B Shah and Associates Chartered Accountants |
|
Address : |
406, Nar Narayan Palace, Near Kothawala Flat, Pritam Nagar, Paldi,
Ahmedabad-380007, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAKFD4640F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate
Enterprise: |
Manibhadra Security |
|
|
|
|
Sister Concern: |
Muscat Global Impex Private Limited |
|
|
|
|
Other related party
: |
Kishorebhai P. Doshi (HUF) |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
433280 |
Equity Shares |
INR 100/- each |
INR 43.328 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 |
43.328 |
43.328 |
43.328 |
|
(b) Reserves & Surplus |
51.617 |
42.138 |
38.370 |
|
(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) |
94.945 |
85.466 |
81.698 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
85.921 |
80.804 |
61.801 |
|
(b) Deferred tax liabilities (Net) |
1.991 |
1.523 |
1.213 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
87.912 |
82.327 |
63.014 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
148.883 |
203.803 |
186.760 |
|
(b) Trade
payables |
15.823 |
12.622 |
30.859 |
|
(c) Other
current liabilities |
5.718 |
5.718 |
6.025 |
|
(d) Short-term
provisions |
23.013 |
5.708 |
5.987 |
|
Total Current
Liabilities (4) |
193.437 |
227.851 |
229.631 |
|
|
|
|
|
|
TOTAL |
376.294 |
395.644 |
374.343 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
100.488 |
99.182 |
101.562 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
2.521 |
2.521 |
2.216 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
103.009 |
101.703 |
103.778 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.500 |
0.000 |
0.000 |
|
(b)
Inventories |
65.417 |
58.727 |
56.304 |
|
(c) Trade
receivables |
124.610 |
153.879 |
126.685 |
|
(d) Cash
and cash equivalents |
32.519 |
7.486 |
15.331 |
|
(e)
Short-term loans and advances |
4.967 |
22.373 |
2.153 |
|
(f) Other
current assets |
45.272 |
51.476 |
70.092 |
|
Total
Current Assets |
273.285 |
293.941 |
270.565 |
|
|
|
|
|
|
TOTAL |
376.294 |
395.644 |
374.343 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
505.196 |
480.379 |
473.424 |
|
|
Other Income |
40.798 |
18.598 |
31.809 |
|
|
TOTAL |
545.994 |
498.977 |
505.233 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
320.927 |
313.135 |
322.863 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.979 |
0.256 |
(0.0790 |
|
|
Employees benefits
expense |
87.519 |
66.869 |
70.780 |
|
|
Other expenses |
95.759 |
83.011 |
76.394 |
|
|
TOTAL |
505.184 |
463.271 |
469.958 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
40.810 |
35.706 |
35.275 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
20.174 |
20.779 |
21.683 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
20.636 |
14.927 |
13.592 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.580 |
7.187 |
8.229 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
13.056 |
7.740 |
5.363 |
|
|
|
|
|
|
|
Less |
TAX |
4.323 |
2.407 |
1.947 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
8.733 |
5.333 |
3.416 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
428.700 |
382.405 |
442.081 |
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORTS |
61.442 |
0.000 |
25.822 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
20.00 |
12.00 |
8.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
4.218 |
4.218 |
4.942 |
|
Cash generated from operations |
108.627 |
(12.247) |
18.542 |
|
Net cash flow from operating activity |
107.007 |
(12.247) |
18.542 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
90.03 |
116.92 |
97.67 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
4.05 |
3.12 |
3.74 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
18.00 |
14.71 |
34.89 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.62 |
0.61 |
0.63 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.41 |
0.36 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.75 |
0.79 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.52 |
3.38 |
3.10 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.04 |
2.67 |
2.81 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.06 |
1.16 |
1.24 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.02 |
1.72 |
1.63 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
1.73 |
1.11 |
0.72 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.32 |
1.35 |
0.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.20 |
6.24 |
4.18 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.41 |
1.29 |
1.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.07 |
1.03 |
0.93 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.25 |
0.22 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.52 |
6.67 |
5.85 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.41 |
1.29 |
1.18 |
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 |
43.328 |
43.328 |
43.328 |
|
Reserves & Surplus |
38.370 |
42.138 |
51.617 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
81.698 |
85.466 |
94.945 |
|
|
|
|
|
|
long-term borrowings |
61.801 |
80.804 |
85.921 |
|
Short term borrowings |
186.760 |
203.803 |
148.883 |
|
Current Maturities of
Long term debt |
4.942 |
4.218 |
4.218 |
|
Total borrowings |
253.503 |
288.825 |
239.022 |
|
Debt/Equity ratio |
3.103 |
3.379 |
2.517 |
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 |
473.424 |
480.379 |
505.196 |
|
|
|
1.469 |
5.166 |
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 |
473.424 |
480.379 |
505.196 |
|
Profit/(Loss) |
3.416 |
5.333 |
8.733 |
|
|
0.72% |
1.11% |
1.73% |
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 |
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
PREAMBLE:
The company is engaged in the business of Manufacturing and Trading of Plastic Goods.
RESULT OF OPERATION
AND THE STATE OF AFFAIRS OF THE COMPANY
Company has earned total Income of INR 545.994 Million in comparison to previous year of INR 498.977 Million i.e. decreased by 9.42 %. Company has earned Profit of INR 8.733 Million as against INR 5.333 Million. Management is working hard to increase the profit and soon will achieve more profitable position.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
|
|
|
From Directors and Relative |
81.102 |
72.659 |
|
From Others |
0.682 |
0.682 |
|
Total |
81.784 |
73.341 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B92811645 |
10468408 |
HDFC BANK LIMITED |
27/12/2013 |
- |
- |
270000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
B86418431 |
10452444 |
HDFC BANK LIMITED |
27/09/2013 |
- |
- |
245000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
B92049105 |
10006490 |
DEVELOPMENT CREDIT BANK LIMITED |
03/06/2006 |
24/01/2012 |
11/12/2013 |
236250000.0 |
601 & 602, Peninsula Business Park, 6th floor,Tower A, Senapati Bapat Marg, Lower Parel,MumbaiMH400013IN |
|
4 |
B92048404 |
80005159 |
DEVELOPMENT CREDIT BANK LIMITED |
09/01/2006 |
21/01/2012 |
11/12/2013 |
236250000.0 |
601 & 602, Peninsula Business Park, 6th floor,Tower A, Senapati Bapat Marg, Lower Parel,MumbaiMH400013IN |
|
5 |
A76780345 |
10124873 |
DEVELOPMENT CREDIT BANK LIMITED |
29/09/2008 |
- |
31/12/2009 |
1000000.0 |
301, TRADE PLAZA,414, VEER SAVARKAR MARG, PRABHADEVI,MUMBAIMH400025IN |
|
6 |
A01012509 |
80003536 |
ICICI |
07/09/2005 |
- |
30/03/2006 |
0.0 |
JMC HOUSEPARIMAL GARDENAHMEDABADGJ380006IN |
|
7 |
A01012780 |
80003534 |
ICICI |
21/10/2004 |
- |
30/03/2006 |
0.0 |
BKCMUMBAIMH400051IN |
FIXED ASSETS
- Land - Free hold
- Vehicles
- Furniture and Fittings
- Fax Machine
- Plant and Machinery
- Factory Building
- Road and Site development
- Electrical Installation
- Tools, Equipments and Accessories
- Computer
- Office Equipment
- Duster Car
- Mobile Instrument
- Activa
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 67.62 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 78.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
SUD |
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.