|
|
|
MIRA INFORM REPORT
|
Report No. : |
496603 |
|
Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
BHILOSA INDUSTRIES PRIVATE LIMITED [w.e.f.02.02.2007] |
|
|
|
|
Formerly Known
As : |
BHILOSA TEX-N-TWIST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 14/1/2, Village Rakholi, Silvassa, Dadra and Nagar Haveli –
396230, Uttar Pradesh |
|
Tel. No.: |
91-22-67441226 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
01.06.1988 |
|
|
|
|
Com. Reg. No.: |
20-000365 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 605.695 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101DN1988PTC000365 |
|
|
|
|
IEC No.: |
0392034930 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB1538K |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of Polyester Chips/Polymer, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY) And Draw Texturized Yarn (DTY). (Registered Activity) |
|
|
|
|
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 1988. It was promoted by Mr.
Rameshchandra T. Jain. Its manufacturer and exporter of polyster chips, partially
oriented yarn, fully drawn yarn and draw texturized yarn. As per financial record of 2016, the company reported a dip in its
revue by 17.01% but achieved a profit margin of 4.01% The sound financial risk profile of the company is marked by adequate
net worth base along with strong debt coverage indicators due to low debt
balance sheet profile. The rating continues to derive strength from the experience of
promoters in the Polyster Filaments Yarn industry. Rating is constrained by the risk volatility in the prices of raw
material and intense competition in the sector. Payments are reported to be regular. In view of aforesaid, the company can be considered for normal
business dealings at usual trade terms and conditions. Note : As per Registrar
of Companies, the date of balance sheet i. e. financials filed is shown as 31st
March, 2017 but documents related to the financials for the year 2017 are not
available from any sources. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
17.04.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
17.04.2017 |
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 13.03.2018.
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. Akhilesh |
|
Designation : |
Finance Department |
|
Contact No.: |
91-22-67441226 |
|
Date : |
02.02.2018 |
LOCATIONS
|
Registered Office : |
Survey No. 14/1/2, Village Rakholi, Silvassa, Dadra and Nagar Haveli –
396230, Uttar Pradesh, India |
|
Tel. No.: |
91-22-67441226 |
|
Fax No.: |
91-22-22838615 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head / Corporate Office : |
3rd and 5th Floor, Bakhtawar Commercial Premises
Co-operative Society Limited, Nariman
Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-67441200 |
|
Fax No.: |
91-22-22838615 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
90/91 Danu Udyog Industrial Estate, Piparia, Silvassa, Dadra and Nagar
Haveli, Uttar Pradesh, India |
|
|
|
|
Factory 3 : |
Survey 17/1/4 and 6, Rakholi, Silvassa, Dadra and Nagar Haveli, Uttar
Pradesh, India |
|
|
|
|
Factory 4 : |
Survey 14/1/1 and 15/1/2, Rakholi, Silvassa, Dadra and Nagar Haveli
Uttar Pradesh, India |
|
|
|
|
Factory 5 : |
Survey 37 and 46/1/3/1 Rakholi, Silvassa, Dadra and Nagar Haveli, [Uttar Pradesh, India |
DIRECTORS
As on 31.03.2016
|
Name : |
Mr. Rameshchandra Tejraj Jain |
|
Designation : |
Chairmen cum Managing director |
|
Address : |
Orbit Arya, 17th Floor, Bomanji Darabsha Road, Malabar Hill, Near Mukesh Chowk, Nepeansea Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
22.06.1948 |
|
Qualification : |
Graduate |
|
Experience : |
43 Years |
|
Date of Appointment : |
01.06.1988 |
|
DIN No.: |
01327431 |
|
PAN No.: |
ABDPJ0434D |
|
|
|
|
Name : |
Mr. Kumarpal Rameshchandra Jain |
|
Designation : |
Director |
|
Address : |
Pushpak Apartment, 18th Floor, Flat No. 182, Indrashan
Society, 31- Altamount Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
04.04.1975 |
|
Qualification : |
Graduate |
|
Experience : |
21 Years |
|
Date of Appointment : |
03.05.1993 |
|
DIN No.: |
01003673 |
|
PAN No.: |
AACPJ7017N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Rameshchandra T. Jain |
|
20177625 |
|
Kumarpal R. Jain |
|
29398170 |
|
Rameshchandra T. Jain HUF |
|
225000 |
|
Sandeep R. Jain |
|
4999670 |
|
Manjula R. Jain |
|
2024535 |
|
Madhavi K. Jain |
|
1775000 |
|
Hirvi S. Jain |
|
1677500 |
|
Chetna R. Jain |
|
292000 |
|
Total |
|
60569500 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Polyester Chips/Polymer, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY) And Draw Texturized Yarn (DTY). (Registered Activity) |
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Products : |
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|
Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
Customers : |
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|
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No. of Employees : |
Information declined by the management |
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|
Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Sanghvi Sanghvi and Sanghvi Chartered Accountants |
|
Address : |
10, La Citadelle, 2nd Floor, 99, Maharashi Karve Road,
Mumbai – 400020, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFS2693D |
|
|
|
|
Name : |
Rakesh K. Ranka and Company Chartered Accountants |
|
Address : |
13, 1 St Floor, Dinkar Niwas, Navivadi, Dady Sheth Agairy Lane, Mumbai - 400 002, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAGPR7027Q |
|
|
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
INR 10/- each |
INR 800.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60569500 |
Equity Shares |
INR 10/- each |
INR 605.695
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
605.700 |
605.700 |
605.700 |
|
(b) Reserves &
Surplus |
12169.000 |
10413.300 |
8743.700 |
|
(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) |
12774.700 |
11019.000 |
9349.400 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
8895.000 |
10230.800 |
12438.900 |
|
(b) Deferred tax
liabilities (Net) |
2097.700 |
1927.900 |
1696.700 |
|
(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) |
10992.700 |
12158.700 |
14135.600 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1948.200 |
2354.900 |
5608.800 |
|
(b) Trade payables |
3627.500 |
3798.400 |
2536.000 |
|
(c) Other current
liabilities |
3813.600 |
2926.100 |
2279.800 |
|
(d) Short-term provisions |
69.100 |
132.700 |
172.100 |
|
Total Current Liabilities
(4) |
9458.400 |
9212.100 |
10596.700 |
|
|
|
|
|
|
TOTAL |
33225.800 |
32389.800 |
34081.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
19439.800 |
19540.000 |
20299.300 |
|
(ii) Intangible Assets |
28.000 |
46.400 |
53.500 |
|
(iii) Capital
work-in-progress |
184.000 |
112.800 |
43.400 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
313.200 |
30.700 |
25.700 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
19965.000 |
19729.900 |
20421.900 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4169.400 |
4592.500 |
4761.800 |
|
(c) Trade receivables |
6064.600 |
5627.500 |
5834.300 |
|
(d) Cash and cash
equivalents |
18.800 |
119.100 |
118.100 |
|
(e) Short-term loans and
advances |
2999.400 |
2198.500 |
2937.500 |
|
(f) Other current assets |
8.600 |
122.300 |
8.100 |
|
Total Current Assets |
13260.800 |
12659.900 |
13659.800 |
|
|
|
|
|
|
TOTAL |
33225.800 |
32389.800 |
34081.700 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
43827.800 |
52814.300 |
44910.100 |
|
|
Other Income |
62.300 |
161.600 |
105.300 |
|
|
TOTAL |
43890.100 |
52975.900 |
45015.400 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
26004.400 |
34261.600 |
30468.900 |
|
|
Purchases of
Stock-in-Trade |
406.900 |
7.700 |
103.400 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
125.900 |
(117.900) |
(342.000) |
|
|
Employees benefits
expense |
641.400 |
817.400 |
798.700 |
|
|
Other expenses |
11682.000 |
13005.600 |
9708.000 |
|
|
CSR expenditure |
4.100 |
3.500 |
0.000 |
|
|
TOTAL |
38864.700 |
47977.900 |
40737.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
5025.400 |
4998.000 |
4278.400 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
811.800 |
1150.500 |
1046.700 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
4213.600 |
3847.500 |
3231.700 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1618.100 |
1569.300 |
1040.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2595.500 |
2278.200 |
2191.400 |
|
|
|
|
|
|
|
Less |
TAX |
839.800 |
562.300 |
515.500 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1755.700 |
1715.900 |
1675.900 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
28.99 |
28.33 |
27.67 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
2372.100 |
1738.600 |
1644.500 |
|
Cash generated from operations |
4967.500 |
7870.300 |
2957.000 |
|
Net cash flow from operating activity |
4242.900 |
7482.000 |
2526.200 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
50.51 |
38.89 |
47.42 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.23 |
9.39 |
7.70 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
50.13 |
40.46 |
30.28 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.21 |
1.09 |
0.90 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.26 |
0.25 |
0.21 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.62 |
0.65 |
0.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.03 |
1.30 |
2.11 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.74 |
0.84 |
1.13 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.54 |
1.79 |
2.18 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6.19 |
4.34 |
4.09 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.01 |
3.25 |
3.73 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.28 |
5.30 |
4.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
13.74 |
15.57 |
17.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.40 |
1.37 |
1.29 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.96 |
0.88 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.38 |
0.34 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
21.82 |
23.65 |
32.51 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.40 |
1.37 |
1.29 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
605.700 |
605.700 |
605.700 |
|
Reserves & Surplus |
8743.700 |
10413.300 |
12169.000 |
|
Net
worth |
9349.400 |
11019.000 |
12774.700 |
|
|
|
|
|
|
Long Term borrowings |
12438.900 |
10230.800 |
8895.000 |
|
Short Term borrowings |
5608.800 |
2354.900 |
1948.200 |
|
Current Maturities of Long term debt |
1644.500 |
1738.600 |
2372.100 |
|
Total
borrowings |
19692.200 |
14324.300 |
13215.300 |
|
Debt/Equity
ratio |
2.106 |
1.300 |
1.034 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
44910.100 |
52814.300 |
43827.800 |
|
|
|
17.600 |
(17.015) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
44910.100 |
52814.300 |
43827.800 |
|
Profit |
1675.900 |
1715.900 |
1755.700 |
|
|
3.73% |
3.25% |
4.01% |
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
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: Registered office of the company has been
shifted from 74/75, Free Press House, 7th Floor Free Press
Journal Marg, Nariman Point, Mumbai – 400021, Maharashtra, India to the present address w.e.f. 16.03.2011.
CORPORATE INFORMATION
The Company is a manufacturer of Polyester Chips/Polymer, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY) and Draw Texturised Yarn (DTY). The Company’s manufacturing facilities are located at Rakholi, Silvassa, Dadra & Nagar Haveli (U.T.) and Naroli, Silvassa, Dadra & Nagar Haveli (U.T.)
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G43990415 |
100097895 |
State Bank of India |
25/04/2017 |
- |
- |
3500000000.0 |
CORPORATE BANKING BRANCH,104, BHARAT HOUSE, MUMBAI SAMACHAR MARG, FORTMUMBAIMH400023IN |
|
2 |
C64361686 |
10572805 |
Indian Overseas Bank |
29/05/2015 |
27/08/2015 |
- |
800000000.0 |
Industrial Finance Branch, 'The Arcade',World Trade Centre Complex, Cuffe Parade.MumbaiMH400005IN |
|
3 |
C75534636 |
10517962 |
State Bank of India |
25/08/2014 |
31/12/2015 |
- |
810000000.0 |
30 & 32 Tamarind HouseTamarind Lane, FortMumbaiMH400023IN |
|
4 |
C29145364 |
10424436 |
CORPORATION BANK |
15/04/2013 |
20/09/2014 |
- |
1560000000.0 |
Industrial Finance Branch, 'The Arcade',World Trade Centre Complex, Cuffe Parade.MumbaiMH400005IN |
|
5 |
C29149325 |
10415607 |
Landesbank Baden-Wurttemberg |
22/03/2013 |
20/09/2014 |
- |
450000000.0 |
104, BHARAT HOUSEMUMBAI SAMACHAR MARG, FORTMUMBAIMH400023IN |
|
6 |
B57024168 |
10373936 |
State Bank of India |
28/08/2012 |
- |
- |
1186500000.0 |
Am Hauptbahnhof 2,Federal Republic of Germany.StuttgartNA70173DE |
|
7 |
C29129111 |
10374637 |
State Bank of India |
21/08/2012 |
20/09/2014 |
- |
1800000000.0 |
Industrial Finance Branch, 'The Arcade',World Trade Centre Complex, Cuffe Parade.MumbaiMH400005IN |
|
8 |
C29133378 |
10361129 |
CORPORATION BANK |
25/05/2012 |
20/09/2014 |
- |
2500000000.0 |
Industrial Finance Branch, 'The Arcade',World Trade Centre Complex, Cuffe Parade.MumbaiMH400005IN |
|
9 |
C29147923 |
10352871 |
State Bank of India |
19/04/2012 |
20/09/2014 |
- |
1200000000.0 |
104, BHARAT HOUSEMUMBAI SAMACHAR MARG, FORTMUMBAIMH400023IN |
|
10 |
C74013962 |
10320872 |
State Bank of India |
09/11/2011 |
09/12/2015 |
- |
14133600000.0 |
Industrial Finance Branch, 'The Arcade'2nd Floor, World Trade Centre, Cuffe Parade,MUMBAIMH400005IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Claims against company not acknowledged as debt |
41.800 |
43.200 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Office Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.02 |
|
|
1 |
INR 90.12 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
NKTS |
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.