|
|
|
MIRA INFORM REPORT
|
Report No. : |
496952 |
|
Report Date : |
10.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
KETUL CHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No 403, 4th Floor, Western Edge I,
Kanakia Spaces, Above Metro Shopping Mall, Western Express Highway, Borivali
(East), Mumbai – 400066, Maharashtra |
|
Tel. No.: |
91-22-66841111 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
05.01.1990 |
|
|
|
|
Com. Reg. No.: |
11-054903 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 114.932 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1990PTC054903 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0393029735 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
75 (Approximately) |
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 : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Ketul Chem Private Limited was incorporated in the year 1990 and is based
in Mumbai, Maharashtra. It is an established company having fine track
record. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has achieved fair profit margin at 1.77% (approx.). The company possesses sound financial profile marked by healthy net
worth base along with comfortable debt level and favourable gap between trade
payables to its trade receivables. The company also derives strength from its long standing track record
of business operations. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitments. In view of the 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = (BBB-) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
July 11, 2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = (A3) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
July 11, 2017 |
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 10.03.2018
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 PARTED BY (GENERLA INFORMATION)
|
Name : |
Mr. Ketul Shah |
|
Designation : |
Sales Department |
|
Contact No.: |
91-9820017739 |
|
Date : |
09.02.2018 |
LOCATIONS
|
Registered Office : |
Office No 403, 4th Floor, Western Edge I,
Kanakia Spaces, Above Metro Shopping Mall, Western Express Highway, Borivali
(East), Mumbai – 400066, Maharashtra, India |
|
Tel. No.: |
91-22-66841111 / 240629292 |
|
Mobile No.: |
91-9820017739 (Mr. Ketul Shah) |
|
Fax No.: |
91-22-28905941 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Hasmukh Shah |
|
Designation : |
Director |
|
Address : |
Pleasant Palace, Sodawala Lane Opposite PPF Quarters, Borivali (W) Mumbai- 400092, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1958 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
05.01.1990 |
|
PAN No.: |
ACFPS6854D |
|
DIN No.: |
00283508 |
|
|
|
|
Name : |
Mr. Bhupendra Chunilal Shah |
|
Designation : |
Director |
|
Address : |
C/202, Pleasant Palace, Sodawala Lane, Borivali (West), Mumbai -
400092, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
20.11.1993 |
|
PAN No.: |
AHLPS4586R |
|
DIN No.: |
00834321 |
KEY EXECUTIVES
|
Name : |
Mr. Ketul Shah |
|
Designation : |
Sales Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Hasmukh Chunilal Shah |
|
3905990 |
|
Bhupendra Chunilal Shah |
|
2558950 |
|
Prerna Hasmukh Shah |
|
2039590 |
|
Bhupendra Chunilal Shah(HUF) |
|
1166143 |
|
P.H. Solvents and Chem Private Limited, India |
|
1000000 |
|
Champaben Chunilal Shah |
|
609542 |
|
Others |
|
212980 |
|
Total |
|
11493195 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
79.30 |
|
Public – (Individual/ Hindu Undivided
Family – Indian) |
10.15 |
|
Public - Bodies corporate |
8.70 |
|
Public – Others Equity |
1.85 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
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||||
|
Products : |
|
||||
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|
||||
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Brand Names : |
Not Divulged |
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||||
|
Agencies Held : |
Not Divulged |
||||
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||||
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Exports : |
Not Divulged |
||||
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||||
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Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
|
||||
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Terms : |
|
||||
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Selling : |
Cheque and Credit, RTGS |
||||
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|
||||
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Purchasing : |
Cheque and Credit, RTGS |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
End Users
|
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No. of Employees : |
75 (Approximately) |
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
|
|
Auditors : |
|
|
Name : |
SNH and Associates Chartered Accountants |
|
Address : |
A/203-207 Mangal Arambh, Near Kora Kendra, Off SV Road, Borivali- West, Mumbai, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAJPS8198Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11493195 |
Equity Shares |
INR 10/- each |
INR 114.932 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 |
114.932 |
114.932 |
114.932 |
|
(b) Reserves and Surplus |
225.859 |
167.022 |
152.917 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
340.791 |
281.954 |
267.849 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
253.812 |
219.546 |
199.595 |
|
(b) Deferred tax liabilities (Net) |
7.186 |
6.694 |
5.958 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
260.998 |
226.240 |
205.553 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
96.156 |
28.643 |
21.266 |
|
(b) Trade
payables |
751.330 |
398.345 |
579.903 |
|
(c) Other
current liabilities |
43.639 |
18.171 |
42.444 |
|
(d) Short-term
provisions |
17.159 |
0.020 |
0.020 |
|
Total Current
Liabilities (4) |
908.284 |
445.179 |
643.633 |
|
|
|
|
|
|
TOTAL |
1510.073 |
953.373 |
1117.035 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
82.195 |
84.252 |
84.322 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
77.817 |
70.133 |
24.076 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
6.180 |
6.944 |
3.498 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
166.192 |
161.329 |
111.896 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
230.982 |
59.069 |
81.746 |
|
(c) Trade
receivables |
979.774 |
625.209 |
792.455 |
|
(d) Cash and
bank balances |
90.932 |
73.795 |
79.329 |
|
(e)
Short-term loans and advances |
42.193 |
33.971 |
51.609 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1343.881 |
792.044 |
1005.139 |
|
|
|
|
|
|
TOTAL |
1510.073 |
953.373 |
1117.035 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3690.270 |
2575.027 |
3558.968 |
|
|
Other Income |
69.727 |
18.708 |
19.663 |
|
|
TOTAL |
3759.997 |
2593.735 |
3578.631 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
3696.586 |
2440.220 |
3393.897 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(171.914) |
22.677 |
15.412 |
|
|
Employee benefit expense |
28.970 |
15.538 |
12.998 |
|
|
Other expenses |
79.528 |
79.241 |
108.637 |
|
|
TOTAL |
3633.170 |
2557.676 |
3530.944 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
126.827 |
36.059 |
47.687 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
22.253 |
10.611 |
15.814 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
104.574 |
25.448 |
31.873 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.322 |
4.963 |
5.486 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
99.252 |
20.485 |
26.387 |
|
|
|
|
|
|
|
Less |
TAX |
33.720 |
6.380 |
8.323 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
65.532 |
14.105 |
18.064 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
167.022 |
152.917 |
134.853 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
232.554 |
167.022 |
152.917 |
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORTS |
1267.140 |
732.086 |
954.505 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
5.70 |
1.23 |
1.57 |
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 flows from (used in) operations |
(11.893) |
33.677 |
84.765 |
|
Net cash flows from (used in) operating activities |
(52.241) |
27.962 |
84.765 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
96.91 |
88.62 |
81.27 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.77 |
4.12 |
4.49 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
74.19 |
59.58 |
62.37 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.55 |
0.61 |
0.58 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.54 |
0.43 |
0.57 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.77 |
0.70 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.03 |
0.88 |
0.82 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.67 |
1.58 |
2.40 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.24 |
0.30 |
0.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.70 |
3.40 |
3.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.78 |
0.55 |
0.51 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.34 |
1.48 |
1.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
19.23 |
5.00 |
6.74 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.48 |
1.78 |
1.56 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.23 |
1.65 |
1.43 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.23 |
0.30 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.05 |
2.16 |
1.92 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.48 |
1.78 |
1.56 |
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 |
114.932 |
114.932 |
114.932 |
|
Reserves & Surplus |
152.917 |
167.022 |
225.859 |
|
Net
worth |
267.849 |
281.954 |
340.791 |
|
|
|
|
|
|
Long-term borrowings |
199.595 |
219.546 |
253.812 |
|
Short term borrowings |
21.266 |
28.643 |
96.156 |
|
Total
borrowings |
220.861 |
248.189 |
349.968 |
|
Debt/Equity
ratio |
0.825 |
0.880 |
1.027 |
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 |
3558.968 |
2575.027 |
3690.270 |
|
|
0.000 |
(27.647) |
43.310 |
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 |
3558.968 |
2575.027 |
3690.270 |
|
Profit/ (Loss) |
18.064 |
14.105 |
65.532 |
|
|
0.51
% |
0.55
% |
1.78
% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
167.856 |
163.612 |
|
Loans and advances from directors |
85.956 |
55.934 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Rupee term loans from banks |
96.156 |
28.643 |
|
|
|
|
|
Total |
349.968 |
248.189 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
ADDRESS |
|
1 |
G70816103 |
100141313 |
HDFC BANK LIMITED |
12/10/2017 |
- |
- |
200000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
B77068757 |
10431021 |
DBS BANK LTD. |
07/06/2013 |
- |
- |
200000000.0 |
221, FORT HOUSE, 3RD FLOORD.N.ROAD, FORTMUMBAIMH400001IN |
|
3 |
G49241573 |
10431939 |
YES BANK LIMITED |
07/06/2013 |
17/03/2017 |
- |
350000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMA400018IN |
|
4 |
B71414320 |
10413696 |
DBS BANK LTD. |
15/03/2013 |
- |
- |
200000000.0 |
221, FORT HOUSE, 3RD FLOORD.N.ROAD, FORTMUMBAIMH400001IN |
|
5 |
G36991511 |
10371406 |
YES BANK LIMITED |
20/07/2012 |
27/12/2016 |
- |
350000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMA400018IN |
|
6 |
B34460972 |
10340896 |
ICICI BANK LIMITED |
24/02/2012 |
- |
- |
55000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
7 |
A96764642 |
10350085 |
ICICI BANK LIMITED |
16/06/2010 |
- |
- |
75000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
8 |
A63066849 |
10153522 |
3i Infotech Trusteeship Services Limited |
26/02/2009 |
11/05/2009 |
- |
10000000.0 |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHINAVI MUMBAIMH400703IN |
|
9 |
A39594551 |
10106191 |
3i Infotech Trusteeship Services Limited |
27/03/2008 |
- |
- |
60000000.0 |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHINAVI MUMBAIMH400703IN |
|
10 |
A26367979 |
10074406 |
3i Infotech Trusteeship Services Limited |
07/11/2007 |
- |
- |
60000000.0 |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHINAVI MUMBAIMH400703IN |
FIXED ASSETS
- Land
- Buildings
- Furniture and fixtures
- Plant and equipment
- 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 64.92 |
|
|
1 |
INR 90.22 |
|
Euro |
1 |
INR 80.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUJ |
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 |
NO |
|
--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.