|
|
|
MIRA INFORM REPORT
|
Report No. : |
496538 |
|
Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
LEBEN LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. L- 4, MIDC, Phase III, Akola-444104, Maharashtra |
|
Tel. No.: |
91-22-22075301 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
02.08.1988 |
|
|
|
|
Com. Reg. No.: |
11-048316 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 4.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH1988PTC048316 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0396056695 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACL2524M |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACL2524M1ZH |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in business of manufacturing of pharmaceutical formulations. (Registered Activity) |
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|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject was incorporated in the year 1988. It is a manufacturer of
Medicines and Drugs. For the financial year 2017, the revenue of the company has increased
by 4.58% along with decent profit margin of 6.73%. The sound financial profile of the company is marked by adequate
networth base along with negligible debt level. The company has favourable Earning Per Share (EPS) of INR 1677.33
against a face value (FV) of INR 100. The rating 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 usually correct. In view of aforesaid, the company can be considered for good 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
|
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
31-03-2016.
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 08.03.2018
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 BY
|
Name : |
Mr. Parag |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-7720015612 |
|
Date : |
07.03.2018 |
LOCATIONS
|
Registered Office / Works : |
Plot No. L- 4, MIDC, Phase III, Akola-444104, Maharashtra, India |
|
Tel. No.: |
91-724-2258393/ 2259401/ 02/ 03 |
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Mobile No.: |
91-7720015612 [Mr. Parag] |
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Fax No.: |
91-724-2258371 |
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E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
11, Mahavir Mansion, 70, Trinity Street, Mumbai – 400002, Maharashtra,
India |
|
Tel. No.: |
91-22-22075301 |
|
Fax No.: |
9122-22075303 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bharat Nitilal Shah |
|
Designation : |
Managing Director |
|
Address : |
Block No.5, Kamal Housing Society, Opposite Main Hospital, Akola-444001, Maharashtra, India |
|
Date of Birth/Age : |
01.10.1957 |
|
Qualification : |
M. PHARM, DBM |
|
Date of Appointment : |
02.08.1988 |
|
PAN No.: |
ABWPS4520Q |
|
DIN No.: |
00778304 |
|
|
|
|
Name : |
Mr. Parth Bharat Shah |
|
Designation : |
Whole-time Director |
|
Address : |
Kamal Housing Society, Akola – 444001, Maharashtra, India |
|
Date of Birth/Age : |
30.05.1985 |
|
Qualification : |
B. Pharm, MBA |
|
Date of Appointment : |
21.03.2017 |
|
PAN No.: |
AUHPS6093C |
|
DIN No.: |
007473573 |
KEY EXECUTIVES
|
Name : |
Mr. Parag |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Bharat Nitilal Shah |
|
60 |
|
Bharat Nitilal Shah jointly with Neeta Bharat Shah |
|
17940 |
|
Haresh Nitilal Shah jointly with Neeru Haresh Shah |
|
9000 |
|
Neeta Bharat Shah jointly with Bharat Nitilal Shah |
|
2400 |
|
Parth Bharat Shah |
|
3000 |
|
Bharat Nitilal Shah HUF |
|
600 |
|
Indumati Nitilal Shah jointly with Bharat Nitilal Shah |
|
6000 |
|
Indumati Nitilal Shah |
|
6000 |
|
Total |
|
45000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of manufacturing of pharmaceutical formulations. (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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
M. G. Chaware Chartered Accountants |
|
Address : |
Wakhare Complex, Jatharpeth, Akola, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAWPC6058Q |
|
|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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Associates : |
|
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Other Related Parties : |
|
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000 |
Equity Shares |
INR 100/- each |
INR 4.500
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 |
4.500 |
6.000 |
6.000 |
|
(b) Reserves and Surplus |
294.025 |
319.319 |
265.125 |
|
(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) |
298.525 |
325.319 |
271.125 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
69.260 |
83.531 |
94.534 |
|
(b) Deferred tax liabilities (Net) |
9.499 |
6.959 |
7.789 |
|
(c) Other long-term
liabilities |
7.000 |
17.336 |
13.636 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
85.759 |
107.826 |
115.959 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
76.837 |
61.622 |
50.225 |
|
(b) Trade payables |
159.097 |
105.402 |
100.403 |
|
(c) Other
current liabilities |
12.614 |
9.359 |
5.233 |
|
(d) Short-term
provisions |
16.086 |
24.193 |
19.256 |
|
Total Current
Liabilities (4) |
264.634 |
200.576 |
175.117 |
|
|
|
|
|
|
TOTAL |
648.918 |
633.721 |
562.201 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
88.602 |
97.958 |
93.686 |
|
(ii)
Intangible Assets |
0.461 |
0.693 |
0.140 |
|
(iii) Tangible assets 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 |
0.126 |
0.126 |
0.126 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
2.106 |
1.891 |
1.920 |
|
Total Non-Current
Assets |
91.295 |
100.668 |
95.872 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
102.518 |
98.110 |
107.499 |
|
(c) Trade
receivables |
326.284 |
324.451 |
280.552 |
|
(d) Cash and
bank balances |
40.963 |
37.008 |
5.434 |
|
(e)
Short-term loans and advances |
63.461 |
63.265 |
59.143 |
|
(f) Other
current assets |
24.397 |
10.219 |
13.701 |
|
Total
Current Assets |
557.623 |
533.053 |
466.329 |
|
|
|
|
|
|
TOTAL |
648.918 |
633.721 |
562.201 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1122.244 |
1073.011 |
984.225 |
|
|
Other Income |
9.308 |
0.563 |
0.042 |
|
|
TOTAL |
1131.552 |
1073.574 |
984.267 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
412.764 |
420.278 |
383.932 |
|
|
Purchases of
Stock-in-Trade |
67.212 |
76.501 |
88.700 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
25.526 |
8.369 |
2.336 |
|
|
Employee benefit expense |
127.939 |
98.150 |
60.433 |
|
|
CSR expenditure |
0.397 |
0.000 |
0.000 |
|
|
Other expenses |
360.806 |
356.748 |
354.734 |
|
|
TOTAL |
994.644 |
960.046 |
890.135 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
136.908 |
113.528 |
94.132 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
13.754 |
4.281 |
8.214 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
123.154 |
109.247 |
85.918 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
15.398 |
16.143 |
16.012 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
107.756 |
93.104 |
69.906 |
|
|
|
|
|
|
|
Less |
TAX |
32.276 |
31.688 |
24.069 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
75.480 |
61.416 |
45.837 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
617.782 |
593.533 |
559.956 |
|
|
TOTAL EARNINGS |
617.782 |
593.533 |
559.956 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
12.367 |
9.698 |
0.000 |
|
|
Capital Goods |
5.279 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
17.646 |
9.698 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
1677.33 |
1023.60 |
764.00 |
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 |
144.152 |
87.488 |
69.906 |
|
Net cash flow from operating activity |
82.143 |
51.027 |
69.906 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
106.12 |
110.37 |
104.04 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
3.44 |
3.31 |
3.51 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
120.99 |
77.44 |
77.54 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.34 |
1.16 |
0.88 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.54 |
1.15 |
1.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.51 |
0.45 |
0.48 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.49 |
0.45 |
0.53 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.89 |
0.62 |
0.65 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.30 |
0.30 |
0.35 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.95 |
26.52 |
11.46 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
6.73 |
5.72 |
4.66 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.63 |
9.69 |
8.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
25.28 |
18.88 |
16.91 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.11 |
2.66 |
2.66 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.72 |
2.17 |
2.05 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.46 |
0.51 |
0.48 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
32.47 |
24.19 |
24.13 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.11 |
2.66 |
2.66 |
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 |
6.000 |
6.000 |
4.500 |
|
Reserves & Surplus |
265.125 |
319.319 |
294.025 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
271.125 |
325.319 |
298.525 |
|
|
|
|
|
|
Long-term borrowings |
94.534 |
83.531 |
69.260 |
|
Short term borrowings |
50.225 |
61.622 |
76.837 |
|
Total
borrowings |
144.759 |
145.153 |
146.097 |
|
Debt/Equity
ratio |
0.534 |
0.446 |
0.489 |
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 |
984.225 |
1073.011 |
1122.244 |
|
|
|
9.021 |
4.588 |
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 |
984.225 |
1073.011 |
1122.244 |
|
Profit/ (Loss) |
45.837 |
61.416 |
75.480 |
|
|
4.66
% |
5.72
% |
6.73
% |
LEGAL
CASES
This is archived version of case. To check in ecourt site please go to link. then click on Case Status. Select state : Orissa, district : Cuttack, court complex name : Collectorate Campus, Cuttack and enter on of party name with case year from registration date
SDJM, Cuttack
Case Details
|
Case Type : 1C.C. - 1
C.C |
|
Filing Number :
24608/2014 Filing Date: 18-05-2010 |
|
Registration Number : 8630/2014 Registration
Date: 18-05-2010 |
|
CNR Number : ODCU05-001695-2010 |
Case Status
|
First Hearing Date : 03rd April 2014 |
|
Next Hearing Date : 13th April 2018 |
|
Stage of Case : MISC.PURPOSE |
|
Court Number and Judge : 1-S.D.J.M. |
Petitioner and Advocate
1) Bapi
Patra Prop. Ms-Maa Mangala Distributor
Address - At-Aul Compound Badambadi Ps-Purighat Dt-CTC
Advocate- Sri Smruti Ranjan Mohapatra
Respondent and Advocate
|
Registration
Number |
Judge |
Business
On Date |
Hearing
Date |
Purpose
of hearing |
|
8630/2014 |
|
23-09-2015 |
|
MISC.PURPOSE |
|
8630/2014 |
|
15-06-2017 |
13-04-2018 |
MISC.PURPOSE |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in Report
(Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from “11, Mahavir Mansion, 70 Trinity Street, Dhobi Talao, Mumbai – 400002, Maharashtra, India” to the present address w.e.f. 05.03.2008
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS
During the year, as per the family arrangement, the Domestic division of the company is transferred to a new Company owned by one of the promoter Haresh Shah and the Export division remained with the company.
Further during the year, the company is able to achieve turnover of INR 1131.552 Million as compare to INR 1073.574 Million in the last year. The expenses for the year are INR 1023.797 Million which was during last year was INR 980.470 Million. The profit before tax for the period is INR 107.756 Million compare to last year INR 93.104 Million.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
7.432 |
27.999 |
|
Loans and advances from others |
61.828 |
55.532 |
|
Short-term
borrowings |
|
|
|
Loans and advances from directors |
1.736 |
25.122 |
|
Loans and advances from others |
5.519 |
36.500 |
|
Total |
76.515 |
145.153 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G41630559 |
90214099 |
CORPORATION BANK |
31/05/2004 |
17/03/2017 |
- |
91500000.0 |
A R STREET Branch 45/47, AR STREET Mumbai MAHARASHTRA 444104 INDIA |
|
2 |
Y10317872 |
90215973 |
THE AKOLA JANTA COMMERCIAL CO OP BANK LTD |
10/05/1993 |
- |
- |
2340000.0 |
AKOLA AKOLA MAHARASHTRA INDIA |
|
3 |
Y10313574 |
90211675 |
THE AKOLA JANTA COMMERCIAL CO OP BANK LTD |
18/08/1987 |
- |
- |
5000000.0 |
TAJRIAPETH BRANCH AKOLA AKOLA MAHARASHTRA INDIA |
|
4 |
A77407476 |
90211861 |
THE AKOLA JANTA COMMERCIAL CO OP BANK LTD |
13/12/1988 |
- |
19/01/2010 |
980000.0 |
AKOLA AKOLA MAHARASHTRA 444001 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against the Company not acknowledged as debts |
|
|
|
Income Tax Dues |
14.277 |
12.731 |
|
Central Excise Dues |
0.725 |
4.152 |
|
Total |
15.002 |
16.883 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- 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,
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 64.96 |
|
|
1 |
INR 90.33 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.