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|
MIRA INFORM REPORT
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Report No. : |
516013 |
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Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
I.G. INTERNATIONAL PRIVATE LIMITED |
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Registered
Office : |
H. No. 1294, Sector 19B, Chandigarh - 160019 |
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Tel. No.: |
91-22-66272000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
03.02.2010 |
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CIN No.: [Company Identification
No.] |
U15400CH2010PTC032009 |
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Capital Investment
/ Paid-up Capital : |
INR 116.655 Million |
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|
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IEC No.: [Import-Export Code No.] |
0311067875 |
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|
|
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PAN No.: [Permanent Account No.] |
AACCI2508Q |
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GSTN : [Goods & Service Tax
Registration No.] |
33AACCI2508Q1ZH |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader, Seller and Exporter of Fresh and Frozen Fruits and Vegetables.
[As per Memorandum of Association] |
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No. of Employees
: |
Not Divulged |
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 940000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2010. It is a Trader, Seller and Exporter of Fresh and Frozen Fruits and
Vegetables. As per the financial records of
2017, the company has achieved 29.54% growth in its revenue as compared to
the previous year revenue along with average profit margin of 1.30%. The sound financial profile of the company is marked by adequate
networth base along with negligible debt balance sheet profile. Rating takes into consideration equity infused by its promoters. Business is active. Payment 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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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
31-03-2018.
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 22.06.2018
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 DECLINED
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-22-66272000]
LOCATIONS
|
Registered Office : |
H. No. 1294, Sector 19B, Chandigarh - 160019, India |
|
Tel. No.: |
91-22-66272000 |
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Fax No.: |
91-22-66272084 |
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E-Mail : |
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Website : |
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Corporate Office: |
F-85/86, A.P.M.C. Fruit Market, Sector-19, Vashi, Navi Mumbai-400705, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Gianchand Ramchand Arora |
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Designation : |
Director |
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Address : |
Flat No. 203, 2nd Floor, NRI Complex, B – 26, Nerul, Navi
Mumbai, Maharashtra, India |
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Date of Birth/Age : |
20.10.1951 |
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Qualification : |
Graduation |
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Date of Appointment : |
03.02.2010 |
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PAN No.: |
ABGPA9809G |
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DIN No.: |
01934634 |
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Other
Directorship :
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Name : |
Mr. Sanjay Gianchand Arora |
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Designation : |
Director |
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Address : |
Flat No. 203, 2nd Floor, NRI Complex, B – 26, Nerul, Navi
Mumbai, Maharashtra, India |
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Date of Birth/Age : |
31.08.1976 |
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Qualification : |
Graduation |
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Date of Appointment : |
03.02.2010 |
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PAN No.: |
ABGPA9807J |
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DIN No.: |
02061347 |
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Other
Directorship :
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Name : |
Mr. Tarun Arora |
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Designation : |
Director |
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Address : |
Flat No. 203, 2nd Floor, NRI Complex, B – 26, Nerul, Navi
Mumbai, Maharashtra, India |
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Date of Birth/Age : |
02.05.1986 |
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Qualification : |
Graduation |
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Date of Appointment : |
04.10.2011 |
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PAN No.: |
AGNPA3469N |
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DIN No.: |
03314408 |
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Other
Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Gianchand Arora |
793136 |
33.99 |
|
Sanjay Arora |
758348 |
32.50 |
|
Tarun Arora |
769924 |
33.00 |
|
Nisha Arora |
11692 |
0.50 |
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|
|
|
|
Total |
2333100 |
100.00 |
AS ON 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Seller and Exporter of Fresh and Frozen Fruits and Vegetables.
[As per Memorandum of Association] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel West, Mumbai – 400013, Maharashtra, India · Yes Bank Limited 9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai, Maharashtra, India · Indusind Bank Limited 1st Floor, MIDC, Seepz, Andheri East, Mumbai – 400093, Maharashtra, India · DBS Bank Limited |
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Facilities : |
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Financial Institution : |
Tata Capital Financial Services Limited |
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Auditors : |
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Name : |
K K Bassi and Associates Chartered Accountants |
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Address : |
410, Level 4, Centrum Plaza, Golf Cousre Road, Sector 53, Gurgaon, NCR New Delhi, India |
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PAN No.: |
AANFK6039J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company
: |
· Belinfresh BVBA · Ruby Fresh LLC |
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Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives: |
· I G Humi Fresh Cold Storage and Ice Factory · I G Humi Fresh Private Limited · I G International |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 50/- each |
INR 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2333100 |
Equity Shares |
INR 50/- each |
INR 116.655
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 |
116.655 |
59.750 |
47.320 |
|
(b) Reserves & Surplus |
213.129 |
137.061 |
97.359 |
|
(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) |
329.784 |
196.811 |
144.679 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
233.644 |
302.887 |
108.843 |
|
(b) Deferred tax liabilities (Net) |
8.285 |
17.473 |
9.568 |
|
(c)
Other long term liabilities |
286.855 |
227.580 |
203.386 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
528.784 |
547.940 |
321.797 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
344.729 |
293.474 |
213.749 |
|
(b)
Trade payables |
471.384 |
203.351 |
148.973 |
|
(c)
Other current liabilities |
27.671 |
25.392 |
23.618 |
|
(d)
Short-term provisions |
16.175 |
13.888 |
9.972 |
|
Total
Current Liabilities (4) |
859.959 |
536.105 |
396.312 |
|
|
|
|
|
|
TOTAL |
1718.527 |
1280.856 |
862.788 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
761.070 |
681.265 |
397.555 |
|
(ii)
Intangible Assets |
0.098 |
0.115 |
0.091 |
|
(iii)
Capital work-in-progress |
40.364 |
31.737 |
4.464 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
14.470 |
14.532 |
14.262 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
12.008 |
13.633 |
13.532 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
828.010 |
741.282 |
429.904 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
390.481 |
167.980 |
146.561 |
|
(c)
Trade receivables |
318.020 |
157.397 |
150.278 |
|
(d)
Cash and cash equivalents |
41.908 |
21.403 |
27.379 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f)
Other current assets |
140.108 |
192.794 |
108.666 |
|
Total
Current Assets |
890.517 |
539.574 |
432.884 |
|
|
|
|
|
|
TOTAL |
1718.527 |
1280.856 |
862.788 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
5013.298 |
3869.997 |
3000.810 |
|
|
|
Other Income |
17.381 |
8.356 |
7.132 |
|
|
|
TOTAL (A) |
5030.679 |
3878.353 |
3007.942 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
205.960 |
279.092 |
2849.969 |
|
|
|
Purchases of Stock-in-Trade |
4566.641 |
3321.192 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(208.086) |
(21.419) |
(80.311) |
|
|
|
Employees benefits expense |
75.230 |
71.069 |
59.258 |
|
|
|
CSR expenditure |
1.234 |
1.241 |
0.000 |
|
|
|
Other expenses |
228.591 |
91.214 |
76.955 |
|
|
|
TOTAL (B) |
4869.570 |
3742.389 |
2905.871 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
161.109 |
135.964 |
102.071 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
60.473 |
47.332 |
37.357 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
100.636 |
88.632 |
64.714 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
28.593 |
27.840 |
14.874 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
72.043 |
60.792 |
49.840 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.828 |
21.090 |
13.895 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
65.215 |
39.702 |
35.945 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
27.95 |
33.22 |
37.98 |
|
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 flow from (used in) Operations |
162.546 |
174.505 |
149.166 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
146.532 |
161.320 |
153.138 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
23.15 |
14.84 |
18.28 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
15.76 |
24.59 |
19.97 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
36.05 |
20.62 |
19.08 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.41 |
0.81 |
0.70 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.20 |
0.19 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.64 |
0.66 |
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.75 |
3.03 |
2.23 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.61 |
2.72 |
2.74 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.43 |
3.62 |
2.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.66 |
2.87 |
2.73 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.30 |
1.03 |
1.20 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.79 |
3.10 |
4.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
19.78 |
20.17 |
24.84 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.04 |
1.01 |
1.09 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.58 |
0.69 |
0.72 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.19 |
0.15 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.96 |
9.98 |
6.82 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.04 |
1.01 |
1.09 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
47.320 |
59.750 |
116.655 |
|
Reserves & Surplus |
97.359 |
137.061 |
213.129 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
144.679 |
196.811 |
329.784 |
|
|
|
|
|
|
Long-term borrowings |
108.843 |
302.887 |
233.644 |
|
Short term borrowings |
213.749 |
293.474 |
344.729 |
|
Total
borrowings |
322.592 |
596.361 |
578.373 |
|
Debt/Equity
ratio |
2.230 |
3.030 |
1.754 |
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 |
3000.810 |
3869.997 |
5013.298 |
|
|
|
28.965 |
29.543 |
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 |
3000.810 |
3869.997 |
5013.298 |
|
Profit |
35.945 |
39.702 |
65.215 |
|
|
1.20% |
1.03% |
1.30% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G54135991 |
100133486 |
HDFC BANK LIMITED |
19/07/2017 |
- |
- |
800000.0 |
HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
2 |
G53728689 |
100127440 |
HDFC BANK LIMITED |
01/06/2017 |
- |
- |
13425000.0 |
HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
3 |
G50862911 |
100126700 |
HDFC BANK LIMITED |
16/05/2017 |
- |
- |
14435000.0 |
HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
4 |
G55496061 |
100071140 |
YES BANK LIMITED |
19/07/2016 |
27/03/2017 |
- |
38300000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIADR. ANNIE BESANT ROAD, WORLIMUMBAIKA560100IN |
|
5 |
C78709599 |
10619423 |
INDUSIND BANK LIMITED |
29/12/2015 |
- |
- |
25000000.0 |
1ST FLOOR, MIDC, SEEPZANDHERI EASTMUMBAIMH400093IN |
|
6 |
G44873404 |
10614185 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
22/11/2015 |
16/05/2017 |
- |
100000000.0 |
ONE FORBES,DR. V. B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
7 |
G00617928 |
100045277 |
HDFC BANK LIMITED |
02/11/2015 |
- |
- |
20800000.0 |
HDFC BANK LIMITED, HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
8 |
C55622666 |
10573262 |
DBS BANK LTD |
02/06/2015 |
- |
- |
10100000.0 |
DLF CAPITOL POINT, GROUND FLOOR & FIRST FLOORBABA KHARAK SINGH MARG, CONNAUGHT PLACENEW DELHIDL110001IN |
|
9 |
C73363780 |
10614479 |
HDFC BANK LIMITED |
28/04/2015 |
- |
- |
10067000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WESTMUMBAIMH400013IN |
|
10 |
C57552853 |
10582302 |
HDFC BANK LIMITED |
17/04/2015 |
- |
- |
10360000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
11 |
C51076560 |
10589053 |
HDFC BANK LIMITED |
21/01/2015 |
- |
- |
4998000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
12 |
C44173805 |
10550249 |
YES BANK LIMITED |
17/12/2014 |
- |
- |
60000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
13 |
G08508095 |
10521084 |
ICICI BANK LIMITED |
12/09/2014 |
15/04/2016 |
- |
294700000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGU390015IN |
|
14 |
C02204691 |
10469445 |
YES BANK LIMITED |
16/12/2013 |
22/03/2014 |
- |
63000000.0 |
YES BANK LIMITEDDR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
15 |
B75524736 |
10384162 |
AXIS BANK LIMITED |
09/10/2012 |
10/05/2013 |
- |
36100000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGJ380006IN |
|
16 |
B61189346 |
10384168 |
AXIS BANK LTD |
09/10/2012 |
- |
- |
6750000.0 |
AGRI BUSINESS CENTREOFFICE NO.204/203, STELLAR ENCLAVE, SECOND FLOORPUNEMH411007IN |
|
17 |
C73518821 |
10366219 |
HDFC BANK LIMITED |
30/05/2012 |
23/09/2015 |
- |
409051000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from SCF 22, Subzi
Mandi, Sector 26, Chandigarh 160026, India to the present address
w.e.f.30.09.2010
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
·
Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
1] INFORMATION ON
DESIGNATED PARTY
No records 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
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.20 |
|
UK Pound |
1 |
INR 89.58 |
|
Euro |
1 |
INR 78.79 |
INFORMATION DETAILS
|
Information Gathered
by : |
ARCH |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
BVA |
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++ |
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.