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MIRA INFORM REPORT
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Report No. : |
496119 |
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Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
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Name : |
ARKEMA CHEMICALS INDIA PRIVATE LIMITED (w.e.f. 20.10.2011) |
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Formerly Known
As : |
CRAY VALLEY RESINS INDIA PRIVATE LIMITED |
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Registered
Office : |
Plot No. D-43 (1), Trans Thanecreek, MIDC Industrial Area, Shirvane
Village, Navi Mumbai – 400076, Maharashtra |
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Tel. No.: |
91-22-67377175/100, 27687998, 65137101 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
31.01.1997 |
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Com. Reg. No.: |
11-105589 |
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Capital
Investment / Paid-up Capital : |
INR 602.307 Million |
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CIN No.: [Company Identification
No.] |
U24132MH1997PTC105589 |
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IEC No.: [Import-Export
Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACC6482F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture of Other Plastics in Primary forms includes manufacture of the following in Primary forms; Polymers of Ethylene Propylene or Other Olefins; Polymers of Styrene, Vinyl Chlorides or Other n.e.c. (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Arkema Asie S.A.S., France” and was incorporated
in the year 1997. It is a manufacturer of polymers of ethylene propylene or
other olefins, polymers of styrene, vinyl chlorides, etc. For the financial year 2017, the company has achieved revenue growth
of 32.79% as compared to the previous year along with an average profit
margin of 3.71%. The moderate financial risk profile of the company is marked by
negative reserve base due to accumulated losses. Rating takes into consideration the subject’s negligible debt balance
sheet profile due to unsecured debt recorded in the books. Rating also takes into account
the strong financial and managerial support that company receives from its
holding entity backed by its well experienced management team. Payment seems to be slow but correct. In view of aforesaid, the subject 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.
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 06.03.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE (91-22-67377175/8)
LOCATIONS
|
Registered Office : |
Plot No. D-43 (1), Trans Thanecreek, MIDC Industrial Area, Shirvane Village,
Navi Mumbai – 400076, Maharashtra, India |
|
Tel. No.: |
91-22-67377175/100, 27687998, 65137101 |
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Fax No.: |
91-22-27687998/27610653 |
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E-Mail : |
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Website: |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Vivekkumar Narayan Jagtap |
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Designation : |
Managing Director |
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Address : |
Sparta B Wing 1304, Near Eden Shopping Centre, Hiranandani
Estate, Patlipada Off, Ghodbunder Road, Thane West, Thane -400607, Maharashtra,
India |
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Date of Appointment : |
25.09.2017 |
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DIN No.: |
07936860 |
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Name : |
Mr. Suresh Ramachandran |
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Designation : |
Director |
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Address : |
C-12, Fairlawn Society, Plot No. 7, Sion Trombay Road,
Chembur, Mumbai - 400071, Maharashtra, India |
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Date of Birth/Age : |
26.05.1966 |
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Qualification: |
Graduation |
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Date of Appointment : |
22.09.2011 |
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DIN No.: |
00818595 |
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Name : |
Mr. Xavier Jean Joseph Durand Delacre |
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Designation : |
Director |
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Address : |
Room No.1007, No.166, Lane 1038 Hua Shan Road, Changning
District, Shanghai, 200050, China |
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Date of Birth/Age : |
05.10.1962 |
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Qualification: |
Diploma in Chemical Engineering |
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Date of Appointment : |
17.01.2014 |
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DIN No.: |
06785933 |
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Name : |
Arie Taieb |
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Designation : |
Additional Director |
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Address : |
19 Rue Ribera, Paris, 75016, France |
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Date of Appointment : |
25.11.2015 |
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DIN No.: |
07302275 |
KEY EXECUTIVES
|
Name : |
Mr. Shrikanth Venkataramana Rao |
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Designation : |
Chief finance Officer |
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Address : |
704, 7th Floor, Maitri Daffodil Co-Operative Housing Society, Maitri Garden, Pokhran Road 2, Near Oswal Park, Thane ( West), Thane- 400601, Maharashtra, India |
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Date of Appointment : |
08.06.2015 |
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PAN No.: |
AAZPR8456J |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Arkema Asie S.A.S., France |
|
60230686 |
|
Arkema France S.A. , France (Nominee shareholder of M/s. Arkema Asie
S.A.S., France) |
|
1 |
|
Total |
|
60230687 |
Equity Share Break up (Percentage of Total Equity)
AS ON 26.09.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacture of Other Plastics in Primary forms includes manufacture of the following in Primary forms; Polymers of Ethylene Propylene or Other Olefins; Polymers of Styrene, Vinyl Chlorides or Other n.e.c.. (Registered Activity) |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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 : |
Information denied by the management |
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Bankers : |
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Auditors : |
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Name : |
S R B C and Company LLP Chartered Accountants |
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Address : |
14th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar (West), Mumbai - 400028, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9117R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
Company: |
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Holding Company: |
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Fellow
subsidiaries/ Associates: |
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CAPITAL STRUCTURE
AFTER 26.09.2017
Authorised Capital : INR 633.567 Million
Issued, Subscribed & Paid-up Capital : INR
63.297 Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
60290688 |
Equity Shares |
INR 10/- each |
INR 602.907 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60230687 |
Equity Shares |
INR 10/- each |
INR 602.307 Million |
FINANCIAL DATA
[all figures are INR
Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
01.01.2014 to 31.03.2015 |
|
|
(12
months) |
(12
months) |
(15 months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
602.307 |
602.307 |
602.307 |
|
(b) Reserves and Surplus |
(55.275) |
(126.910) |
(150.895) |
|
(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) |
547.032 |
475.397 |
451.412 |
|
|
|
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|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
22.329 |
23.590 |
9.928 |
|
Total Non-current
Liabilities (3) |
22.329 |
23.590 |
9.928 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
300.000 |
146.000 |
242.500 |
|
(b) Trade
payables |
382.008 |
354.553 |
192.198 |
|
(c) Other
current liabilities |
36.278 |
31.023 |
26.206 |
|
(d) Short-term
provisions |
7.087 |
8.356 |
5.652 |
|
Total Current
Liabilities (4) |
725.373 |
539.932 |
466.556 |
|
|
|
|
|
|
TOTAL |
1294.734 |
1038.919 |
927.896 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
188.171 |
183.739 |
165.483 |
|
(ii)
Intangible Assets |
102.325 |
0.595 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
77.499 |
55.624 |
46.431 |
|
(iv)
Intangible assets under development |
0.000 |
76.458 |
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 |
52.528 |
32.972 |
43.642 |
|
(e) Other
Non-current assets |
1.526 |
1.428 |
0.973 |
|
Total Non-Current
Assets |
422.049 |
350.816 |
256.529 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
216.645 |
124.075 |
172.670 |
|
(c) Trade
receivables |
540.462 |
435.184 |
372.585 |
|
(d) Cash and
bank balances |
7.446 |
39.286 |
11.774 |
|
(e)
Short-term loans and advances |
108.132 |
89.558 |
114.338 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
872.685 |
688.103 |
671.367 |
|
|
|
|
|
|
TOTAL |
1294.734 |
1038.919 |
927.896 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
01.01.2014 to 31.03.2015 |
|
|
|
(12
months) |
(12
months) |
(15 months) |
|
|
SALES |
|
|
|
|
|
Income |
1931.353 |
1454.461 |
2053.549 |
|
|
Other Income |
12.303 |
1.458 |
6.566 |
|
|
TOTAL |
1943.656 |
1455.919 |
2060.115 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1482.842 |
1073.564 |
1634.836 |
|
|
Purchases of
Stock-in-Trade |
59.585 |
48.572 |
34.373 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(42.555) |
7.856 |
6.624 |
|
|
Employee benefit expense |
94.708 |
85.209 |
109.226 |
|
|
Other expenses |
242.215 |
164.901 |
219.382 |
|
|
TOTAL |
1836.795 |
1380.102 |
2004.441 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
106.861 |
75.817 |
55.674 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
18.604 |
23.228 |
31.902 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
88.257 |
52.589 |
23.772 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.871 |
21.198 |
21.977 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
64.386 |
31.391 |
1.795 |
|
|
|
|
|
|
|
Less |
TAX |
(7.250) |
7.406 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
71.636 |
23.985 |
1.795 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
513.292 |
307.548 |
303.979 |
|
|
TOTAL EARNINGS |
513.292 |
307.548 |
303.979 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
584.548 |
365.686 |
570.004 |
|
|
TOTAL IMPORTS |
584.548 |
365.686 |
570.004 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.19 |
0.40 |
0.03 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
01.01.2014 to 31.03.2015 |
|
|
(12
months) |
(12
months) |
(15 months) |
|
|
|
|
|
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(70.755) |
265.417 |
(13.872) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(90.618) |
272.382 |
(14.230) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
01.01.2014 to 31.03.2015 |
|
|
(12
months) |
(12
months) |
(15 months) |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
102.14 |
109.21 |
66.22 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.57 |
3.34 |
5.51 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
90.40 |
115.33 |
42.03 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.49 |
0.61 |
0.32 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.29 |
0.24 |
0.26 |
LEVERAGE RATIOS
|
PARTICULARS |
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
01.01.2014 to 31.03.2015 |
|
|
(12
months) |
(12
months) |
(15 months) |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.56 |
0.52 |
0.50 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.55 |
0.31 |
0.54 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.33 |
1.14 |
1.03 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.67 |
0.67 |
0.47 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.74 |
3.26 |
1.75 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
01.01.2014 to 31.03.2015 |
|
|
|
(12
months) |
(12
months) |
(15 months) |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.71 |
1.65 |
0.09 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.53 |
2.31 |
0.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.10 |
5.05 |
0.40 |
SOLVENCY RATIOS
|
PARTICULARS |
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
01.01.2014 to 31.03.2015 |
|
|
(12
months) |
(12
months) |
(15 months) |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.20 |
1.27 |
1.44 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.90 |
1.04 |
1.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.42 |
0.46 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.50 |
0.24 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.20 |
1.27 |
1.44 |
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 |
602.307 |
602.307 |
602.307 |
|
Reserves & Surplus |
(150.895) |
(126.910) |
(55.275) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
451.412 |
475.397 |
547.032 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
242.500 |
146.000 |
300.000 |
|
Total
borrowings |
242.500 |
146.000 |
300.000 |
|
Debt/Equity
ratio |
0.537 |
0.307 |
0.548 |
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 |
2053.549 |
1454.461 |
1931.353 |
|
|
|
(29.173) |
32.788 |
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 |
2053.549 |
1454.461 |
1931.353 |
|
Profit/ (Loss) |
1.795 |
23.985 |
71.636 |
|
|
0.09
% |
1.65
% |
3.71
% |
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 |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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 |
BACKGROUND:
Subject was originally incorporated in the name of Cray Valley Resins India Private Limited (‘CVRIPL’) on 31 January 1997 and is engaged in the business of manufacture and sale of a wide range of synthetic resins.
UNSECURED LOAN
(INR
In Million)
|
Particulars |
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Working capital loans from banks |
300.000 |
146.000 |
|
Total |
300.00 |
146.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
Y10241751 |
90141981 |
BANQUE NATIONALE
DE PARIS |
27/05/1997 |
- |
- |
100000000.0 |
4-A; B. B. D.BAG
(E)CALCUTTAWB700001IN |
|
2 |
Y10241592 |
90141822 |
BANK OF BARODA |
21/11/1994 |
- |
- |
55972000.0 |
CAMAC STREET
BRANCH3B; CAMC STREETCALCUTTAWB700016IN |
|
3 |
Y10241573 |
90141803 |
BANK OF BARODA |
02/09/1994 |
- |
- |
38900000.0 |
CAMAC STREET
BRANCH3B; CAMC STREETCALCUTTAWB700016IN |
|
4 |
Y10241548 |
90141778 |
THE SARASWAT CO-OP
BANK LTD |
10/12/1993 |
- |
- |
7000000.0 |
CENTRAL
ADMINISTRATIVE OFFICEAPSARA CINEMA BUILDING; DR. D. B. MARG;
GRANTROADBOMBAYMH400007IN |
|
5 |
Y10241492 |
90141722 |
THE SARASWAT CO-OP
BANK LTD |
16/01/1992 |
10/12/1993 |
- |
4000000.0 |
CENTRAL
ADMINISTRATIVE OFFICEAPSARA CINEMA BUILDING; DR. D. B. MARG;
GRANTROADBOMBAYMH400007IN |
|
6 |
Y10241480 |
90141710 |
THE SARASWAT CO-OP
BANK LTD |
05/07/1991 |
- |
- |
3000000.0 |
CENTRAL
ADMINISTRATIVE OFFICEAPSARA CINEMA BUILDING; DR. D. B. MARG;
GRANTROADBOMBAYMH400007IN |
|
7 |
Y10241323 |
90141553 |
BANK OF BARODA |
30/03/1982 |
- |
- |
1500000.0 |
3B; CAMC
STREETCALCUTTAWB700016IN |
|
8 |
Y10241314 |
90141544 |
BANK OF BARODA |
24/12/1980 |
- |
- |
1500000.0 |
3B; CAMC
STREETCALCUTTAWB700016IN |
|
9 |
C56866437 |
90146746 |
SOCIETE GENERALE |
04/10/2004 |
23/09/2011 |
23/06/2015 |
160000000.0 |
MAKER CHAMBER 4
13TH FLOOR,NARIMAN POINTMUMBAIMH400021IN |
|
10 |
C36319580 |
90148058 |
BNP PARIBAS |
25/10/2002 |
30/11/2006 |
13/11/2014 |
110000000.0 |
62 HOMJI
STREET,FORTMUMBAIMH400001IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- 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,
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
|
INR |
|
US Dollar |
1 |
INR 65.05 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.