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|
MIRA INFORM REPORT
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Report No. : |
496089 |
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Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SULZER INDIA PRIVATE LIMITED (w.e.f. 31.03.2015) |
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Formerly Known
As : |
SULZER INDIA LIMITED |
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Registered
Office : |
Gat No. 304, At Kondhapuri, Taluka Shirur, Kondhapuri – 412209,
Maharashtra |
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Tel. No.: |
91-2137-304000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
11.04.1988 |
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Com. Reg. No.: |
11-046977 |
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Capital
Investment / Paid-up Capital : |
INR 34.500 Million |
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CIN No.: [Company Identification
No.] |
U29297PN1988PTC046977 |
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TIN No.: |
27890410011 |
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IEC No.: [Import-Export
Code No.] |
0388169516 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACS7876D1Z4 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACS7876D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Manufacturing of Structured Column Packing, Random Packing, Mixing Process Equipment, Filtration Equipment, Rings, Internals, Trays etc. (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+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Sulzer AG”, Switzerland. The company
was incorporated in the year 1988. It is a manufacturer of Electrical equipment and general purpose
machinery. For the financial year 2017, the revenue of the company has increased
by 6.29% along with decent profit margin of 12.38%. The healthy financial profile of the company is marked by strong
networth base along with strong debt coverage indicators due to debt free
balance sheet profile. Rating takes into consideration strong financial and managerial
support that the company receives from its holding entity backed by its well
experienced management team. The rating also takes into consideration the subject’s long track
record of business operations along with extensive experience of its
promoters. Business is active. Payment seems to be regular. In view of aforesaid, the company can be 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 07.03.2018.
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 (91-2137-304000
/ 304802)
LOCATIONS
|
Registered Office/ Factory : |
Gat No. 304, At Kondhapuri, Taluka Shirur, Kondhapuri – 412209,
Maharashtra, India |
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Tel. No.: |
91-2137-304000 / 304802 |
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Fax No.: |
91-2137-304111 / 222/ 304319 |
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E-Mail : |
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Website : |
http://www.sulzer.com |
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Regional Offices 1 : |
502, Ozone, Sara Bhai Compound, Opposite Vadodara Centre Mall,
Vadodara – 390023, Gujarat, India |
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Tel. No.: |
91-265-2342194 |
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Fax No.: |
91-265-2342394 |
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Regional Offices 2 : |
1015-1019, Ansal Tower, 38 Nehru Place, New Delhi-110019, India |
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Tel. No.: |
91-11-26294771 / 2 |
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Fax No.: |
91-1126294226 |
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Regional Offices 3 : |
Fatima Akhthar Coart, 4th Floor, Old No. 312, New No. 453,
Annasalai Teynampet, Chennai – 600018, Tamilnadu, India |
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Tel. No.: |
91-44-24992436 / 24987415 |
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Fax No.: |
91-44-24992394 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Mallik Jambunathan |
|
Designation : |
Director |
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Address : |
E-3/14, Shirine Gardens, Parihar Chowk, Aundh, Pune – 411007,
Maharashtra, India |
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Date of Birth/Age : |
01.09.1960 |
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Qualification : |
Professional |
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Date of Appointment : |
06.02.2011 |
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DIN No.: |
00199389 |
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Name : |
Mr. Torsten Wintergerste |
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Designation : |
Director |
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Address : |
Rietpark 16, Greifensee, 8606, Switzerland |
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Date of Appointment : |
25.06.2015 |
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DIN No.: |
07221124 |
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Name : |
Mr. Bharat Hirachand Dagha |
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Designation : |
Director |
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Address : |
C/11, Sarvonatti Society, Kama Lane, Ghatkopar (West), Mumbai- 400
086, Maharashtra, India |
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Date of Birth/Age : |
24.11.1957 |
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Qualification : |
Professional |
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Date of Appointment : |
15.05.2014 |
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DIN No.: |
06766065 |
KEY EXECUTIVES
|
Name : |
Mr. Balaji Thiruvadanthi Bakthisaran |
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Designation : |
Manager |
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Address : |
D/30, Mantri Kishor Park, Bhosale Nagar, Pune – 411007, Maharashtra,
India |
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Date of Birth/Age : |
01.01.1950 |
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Qualification : |
Professional |
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Date of Appointment : |
08.04.2017 |
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PAN No.: |
ADGPB8164M |
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|
|
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Name : |
Mr. Shrikrishna Chitaman Korde |
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Designation : |
Secretary |
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Address : |
4-A1, Madhuwanti Society, Near Karve Statue, Kothrud, Pune – 411038,
Maharashtra, India |
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Date of Birth/Age : |
15.05.1976 |
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Qualification : |
Professional |
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Date of Appointment : |
01.04.2011 |
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PAN No.: |
ANQPK9577R |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sulzer AG, Switzerland |
|
344 |
|
Sulzer AG jointly with Thomas Banninger |
|
1 |
|
Total |
|
345 |
Equity Share Break up (Percentage of Total Equity)
AS ON 08.09.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing of Structured Column Packing, Random Packing, Mixing Process Equipment, Filtration Equipment, Rings, Internals, Trays etc. (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 : |
BSR and Company LLP Chartered Accountants |
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Address : |
701,703, 7th Floor, Godrej Castlemaine, Next To Ruby Hall Clinic, Bund Garden Road, Pune – 411001, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFB9852F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
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Fellow
Subsidiary company: |
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CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
505 |
Equity Shares |
INR 100000/- each |
INR 50.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
345 |
Equity Shares |
INR 100000/- each |
INR 34.500
Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
34.500 |
34.500 |
34.500 |
|
(b) Reserves and Surplus |
2144.300 |
1635.600 |
1345.900 |
|
(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) |
2178.800 |
1670.100 |
1380.400 |
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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 |
121.000 |
93.900 |
47.000 |
|
Total Non-current
Liabilities (3) |
121.000 |
93.900 |
47.000 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
361.700 |
10.800 |
|
(b) Trade
payables |
831.800 |
616.800 |
518.000 |
|
(c) Other
current liabilities |
432.200 |
648.500 |
693.300 |
|
(d) Short-term
provisions |
316.800 |
212.800 |
178.300 |
|
Total Current
Liabilities (4) |
1580.800 |
1839.800 |
1400.400 |
|
|
|
|
|
|
TOTAL |
3880.600 |
3603.800 |
2827.800 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
672.800 |
471.100 |
366.800 |
|
(ii)
Intangible Assets |
113.100 |
160.800 |
4.600 |
|
(iii) Tangible assets
capital work-in-progress |
20.700 |
17.900 |
5.300 |
|
(iv)
Intangible assets under development |
1.800 |
0.500 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
206.200 |
|
(c) Deferred tax assets (net) |
122.100 |
99.100 |
59.700 |
|
(d)
Long-term loans and advances |
162.500 |
192.700 |
116.600 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1093.000 |
942.100 |
759.200 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.100 |
0.100 |
0.000 |
|
(b)
Inventories |
1384.900 |
1157.000 |
1298.200 |
|
(c) Trade
receivables |
652.100 |
503.700 |
463.600 |
|
(d) Cash and
bank balances |
247.600 |
580.200 |
29.600 |
|
(e)
Short-term loans and advances |
379.100 |
385.800 |
276.300 |
|
(f) Other
current assets |
123.800 |
34.900 |
0.900 |
|
Total
Current Assets |
2787.600 |
2661.700 |
2068.600 |
|
|
|
|
|
|
TOTAL |
3880.600 |
3603.800 |
2827.800 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
4072.200 |
4345.600 |
3166.200 |
|
|
Other Income |
277.100 |
75.400 |
131.900 |
|
|
TOTAL |
4349.300 |
4421.000 |
3298.100 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1734.200 |
1957.300 |
1803.900 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(78.900) |
173.300 |
(135.100) |
|
|
Employee benefit expense |
534.100 |
526.700 |
348.400 |
|
|
CSR expenditure |
3.100 |
0.000 |
0.000 |
|
|
Other expenses |
1144.900 |
1158.900 |
795.700 |
|
|
TOTAL |
3337.400 |
3816.200 |
2812.900 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1011.900 |
604.800 |
485.200 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
27.200 |
25.100 |
22.700 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
984.700 |
579.700 |
462.500 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
193.200 |
180.200 |
105.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
791.500 |
399.500 |
356.700 |
|
|
|
|
|
|
|
Less |
TAX |
287.300 |
142.600 |
126.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
504.200 |
256.900 |
230.700 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
1347.400 |
1040.000 |
806.000 |
|
|
|
|
|
|
|
|
Adjustment
on account of MTM gain
on forward contracts |
4.500 |
0.000 |
3.300 |
|
|
|
|
|
|
|
|
Surplus acquired pursuant to amalgamation |
0.000 |
(50.500) |
0.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
1856.100 |
1347.400 |
1040.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
14.61 |
7.45 |
6.69 |
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 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
499.100 |
696.200 |
355.800 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
349.400 |
504.300 |
201.500 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
58.45 |
42.31 |
53.44 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.24 |
8.63 |
6.83 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
175.07 |
115.02 |
104.81 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.73 |
0.52 |
0.37 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.25 |
0.93 |
1.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.41 |
0.51 |
0.50 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.22 |
0.01 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.73 |
1.10 |
1.01 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.37 |
0.39 |
0.27 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
37.20 |
24.10 |
21.37 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
12.38 |
5.91 |
7.29 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.99 |
7.13 |
8.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
23.14 |
15.38 |
16.71 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.76 |
1.45 |
1.48 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.89 |
0.82 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.56 |
0.46 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
10.48 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.76 |
1.45 |
1.48 |
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 |
34.500 |
34.500 |
34.500 |
|
Reserves & Surplus |
1345.900 |
1635.600 |
2144.300 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1380.400 |
1670.100 |
2178.800 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
10.800 |
361.700 |
0.000 |
|
Total
borrowings |
10.800 |
361.700 |
0.000 |
|
Debt/Equity
ratio |
0.008 |
0.217 |
0.000 |
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 |
3166.200 |
4345.600 |
4072.200 |
|
|
|
37.250 |
(6.291) |
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 |
3166.200 |
4345.600 |
4072.200 |
|
Profit/ (Loss) |
230.700 |
256.900 |
504.200 |
|
|
7.29
% |
5.91
% |
12.38
% |
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 |
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 |
COMPANY BACKGROUND
Subject belongs to Sulzer Group (“Sulzer”) which has its headquarter at Switzerland. Sulzer has businesses spread all over the world. The Company is incorporated and domiciled in India and is engaged in manufacturing of structured column packing, random packing, mixing process equipment, filtration equipment, rings, internals, trays etc. which form an integral part of columns used in the refinery industry.
Pursuant to the order of the Hon'ble High Court of Judicature at Bombay dated 29 April 2016, in the previous year, the wholly owned subsidiary of the Company viz. Sulzer Chemtech Towerfield Services (India) Private Limited ('the transferor company') merged with the Company with effect from 1 April 2015 (refer note 45). Accordingly, the Company now mainly operates out of two locations viz., Pune and Mumbai.
OPERATIONS
The business
environment globally remained challenging even this year, due to the subdued
oil prices. Due to this, the company registered a negative growth of 2% in
gross income over the previous year because of reduced volume in the domestic
market. Export business was reasonably good during the financial year.
FUTURE OUTLOOK
The continued low
oil prices has slowed down many large projects with only revamps and efficiency
improvement projects being active. Even in the domestic market, no major
projects are in the pipeline for the coming year. However, with the receipt of
a big order from a customer in Nigeria, the order book of the company stands at
INR 4119.100 Million as of 31st March, 2017. (Previous year INR 3519.200
Million)
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Loans repayable on demand from banks |
0.000 |
361.700 |
|
Total |
0.000 |
361.700 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G08046104 |
90083678 |
BANK OF AMERICA |
10/07/1990 |
- |
15/07/2016 |
4000000.0 |
EXPRESS TOWERSNARIMAN
POINTBOMBAYMH400021IN |
|
2 |
C70333646 |
90088702 |
HDFC BANK LIMITED |
31/12/2003 |
- |
29/10/2015 |
1300000.0 |
NETRALI
APARTMENTSOFF. BHANDARKAR INSTITVIE; LAW COLLEGE BOARDPUNEMH411004IN |
|
3 |
C64750730 |
90090000 |
STATE BANK OF INDIA |
04/08/1994 |
04/08/1994 |
10/09/2015 |
25000000.0 |
COMMERCIAL
BRANCHJUSTICE G.N.VAIDYA MARGBOMBAYMH400023IN |
|
4 |
C64755275 |
90089570 |
STATE BANK OF
INDIA |
06/08/1990 |
- |
10/09/2015 |
15500000.0 |
COMMERCIAL BRANCHJUSTICE
G.N. VAIDYA MARGBOMBAYMH400023IN |
|
5 |
C64754609 |
90089601 |
STATE BANK OF
INDIA |
14/11/1990 |
- |
10/09/2015 |
7500000.0 |
COMMERCIAL
BRANCHJUSTICE J.N. VAIDYA MARGBOMBAYMH400023IN |
|
6 |
C64754146 |
90089663 |
STATE BANK OF
INDIA |
28/06/1991 |
04/08/1994 |
10/09/2015 |
12000000.0 |
COMMERCIAL
BRANCHJUSTICE G.N.VAIDYA MARGBOMBAYMH400023IN |
|
7 |
C64751944 |
90089898 |
STATE BANK OF
INDIA |
04/11/1993 |
- |
10/09/2015 |
40000000.0 |
COMMERCIAL BRANCHJUSTICE
G.N.ROAD VADYA MARGBOMBAYMH400023IN |
|
8 |
C64829450 |
90090226 |
STATE BANK OF
INDIA |
24/11/1995 |
- |
10/09/2015 |
15000000.0 |
COMMERCIAL
BRANCHJUSTICE G.N.VAIDYA MARGBOMBAYMH400023IN |
|
9 |
C64748890 |
90090167 |
STATE BANK OF
INDIA |
25/07/1995 |
25/07/1995 |
10/09/2015 |
37500000.0 |
COMMERCIAL
BRANCHJUSTICE G.N.ROAD VADYA MARGBOMBAYMH400023IN |
|
10 |
B57635567 |
90089905 |
BANQUE INDOSUEZ |
09/12/1993 |
13/12/1995 |
11/09/2012 |
52500000.0 |
RAMON HOUSE169; BACKBAY
RECLAMATIONBOMBAYMH400020IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
Intangible assets
- Goodwill
- Computer software
- Licenses and franchise
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 64.99 |
|
|
1 |
INR 89.91 |
|
Euro |
1 |
INR 80.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
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.