|
|
|
MIRA INFORM REPORT
|
Report No. : |
498231 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
KIMIYA ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Kimiya House, Plot No. 110/2, Crystal Shere Punjab Colony, Mahakali Caves Road, Andheri (East), Mumbai -400093, Maharashtra |
|
Tel. No.: |
91-22-28312039 / 40053717 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
06.08.2004 |
|
|
|
|
Com. Reg. No.: |
11-147872 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 132.835 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2004PTC147872 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK4977B |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCK4977B1ZI |
|
|
|
|
TIN No.: |
27050805651 |
|
|
|
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction activity (Registered Activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 790000 INR 79574 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Kimiya Engineers Private Limited was incorporated in the year 2004. It is engaged in construction activities, bricks construction, grouts
construction, building material construction and real estate services. For the financial year 2017, the revenue of the company has decreased
by 49.96% but has managed to maintain profit margin of 2.55%. Rating is constrained on account of highly competitive construction
and real estate industry. However, rating weakness is partially offset by the satisfactory
financial profile of the company marked by comfortable networth base along with
negligible debt level. Payment seems to be slow. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 |
ICRA |
|
Rating |
Fund based limits (Issuer not co-operating) = BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
21.03.2018 |
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 22.03.2018
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
|
Name : |
Mr. Pravin Jha |
|
Designation : |
Project Manager |
|
Contact No.: |
91-9594998084 |
|
Date : |
21.03.2018 |
LOCATIONS
|
Registered Office : |
Kimiya House, Plot No. 110/2, Crystal Shere Punjab Colony, Mahakali Caves Road, Andheri (East), Mumbai -400093, Maharashtra, India |
|
Tel. No.: |
91-22-28312039 / 40053717 |
|
Mobile No.: |
91-9594998084 (Pravin Jha) |
|
Fax No.: |
91-22-28263179 |
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E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial cum Residential |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Anurag Kaushla Verma |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
001 Ground Floor, Sashi Mistry Complex, J. B. Nagar, Andheri (East), Mumbai -400059, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
02.08.1981 |
||||||||
|
Date of Appointment : |
18.04.2011 |
||||||||
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PAN No.: |
ACFPV9398D |
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DIN No.: |
01687877 |
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Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Anju Verma |
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|
Designation : |
Director |
||||||||
|
Address : |
001and 002, Gr. Floor, Shashi Building, Shashi Complex, J.B. Nagar ,Andheri (Easy), Mumbai - 400059, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
02.04.1982 |
||||||||
|
Date of Appointment : |
19.07.2016 |
||||||||
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DIN No.: |
02849823 |
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Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Arvind Chimanlal Rasania |
||||||||
|
Designation : |
Director |
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|
Address : |
C/16, Mewawala Apartment, St. Mary Road, Vileparle- (West), Mumbai - 400056, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
02.04.1985 |
||||||||
|
Date of Appointment : |
01.12.2012 |
||||||||
|
DIN No.: |
06449371 |
||||||||
|
Other Directorship:
|
|||||||||
KEY EXECUTIVES
|
Name : |
Mr. Pravin Jha |
|
Designation : |
Project Manager |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders (Equity
Share) |
|
No. of Shares |
|
Anurag Kaushla Verma |
|
10683115 |
|
Anju Verma |
|
2500 |
|
Sharan Export India Private Limited |
|
10000 |
|
Raipur Drug Project Limited |
|
18750 |
|
Symbolic Finanace and Investment Private Limited |
|
12500 |
|
Toor Finance Company Limited |
|
6250 |
|
Pitamber Infratech Private Limited |
|
7500 |
|
Surbhi Infraprojects Private Limited |
|
8750 |
|
Century Buildpro Private Limited |
|
2500 |
|
Maya Approach Private Limited |
|
2500 |
|
St.Trance Soundo Private Limited |
|
6250 |
|
Arvind Rasania |
|
16000 |
|
Chandresh Burman |
|
36000 |
|
Atul D shah |
|
52860 |
|
Abhishek K Srivastava |
|
18000 |
|
Paropkar distributors Private Limited |
|
400000 |
|
Total |
|
11283475 |
|
Names of Shareholders (Preference
Shareholders) |
|
No. of Shares |
|
Kimiya & Sons. firm through Arurag K. Venna .Mg Partner |
|
2000000 |
|
Total |
|
2000000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
94.70 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
1.09 |
|
Public/Other than promoters (Body corporate) |
4.21 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction activity (Registered Activity and also Confirmed by management) |
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Products / Services
: |
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Brand Names : |
Not Available |
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|
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
||||
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Imports : |
Not Divulged |
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|
||||
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Terms : |
|||||
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Selling : |
Advance Payment, Cheque, Cash |
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|
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|
||||
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Purchasing : |
Advance Payment, Cheque, Cash |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
45 (Approximately) |
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Bankers : |
|
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Facilities : |
|
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Auditors : |
|
|
Name : |
Sharad
Joshi and Company Chartered
Accountants |
|
Address : |
6/C, Jayendra Bhuvan, S.K. Bole Road, Dadar (West), Mumbai – 400028, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPJ9559L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related party : |
|
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
|
4000000 |
Preference Shares |
INR 10/- each |
INR 40.000 Million |
|
|
Total |
|
INR 190.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11283475 |
Equity Shares |
INR 10/- each |
INR 112.835 Million |
|
2000000 |
Preference Shares |
INR 10/- each |
INR 20.000 Million |
|
|
Total |
|
INR 132.835
Million |
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 |
|
|
|
|
(a) Share Capital |
132.835 |
132.835 |
132.835 |
|
(b) Reserves and Surplus |
145.676 |
138.643 |
123.700 |
|
(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) |
278.511 |
271.478 |
256.535 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
15.026 |
44.350 |
20.160 |
|
(b) Deferred tax liabilities (Net) |
6.353 |
5.803 |
3.803 |
|
(c) Other long-term
liabilities |
20.908 |
20.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
42.287 |
70.153 |
23.963 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
101.518 |
120.804 |
148.869 |
|
(b) Trade
payables |
0.000 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
171.963 |
192.783 |
251.118 |
|
(d) Short-term
provisions |
49.350 |
45.100 |
37.100 |
|
Total Current
Liabilities (4) |
322.831 |
358.687 |
437.087 |
|
|
|
|
|
|
TOTAL |
643.629 |
700.318 |
717.585 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
68.660 |
74.787 |
74.697 |
|
(ii)
Intangible Assets |
19.661 |
24.576 |
30.720 |
|
(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 |
0.157 |
0.156 |
0.156 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
88.478 |
99.519 |
105.573 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
18.846 |
28.794 |
36.104 |
|
(c) Trade
receivables |
407.420 |
398.235 |
432.735 |
|
(d) Cash and
bank balances |
35.597 |
71.888 |
47.549 |
|
(e) Short-term
loans and advances |
93.288 |
101.882 |
95.448 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.176 |
|
Total
Current Assets |
555.151 |
600.799 |
612.012 |
|
|
|
|
|
|
TOTAL |
643.629 |
700.318 |
717.585 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
275.353 |
550.267 |
676.715 |
|
|
Other Income |
18.391 |
10.081 |
8.917 |
|
|
TOTAL |
293.744 |
560.348 |
685.632 |
|
|
|
(Due to
market fluctuation) |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
174.107 |
413.561 |
517.276 |
|
|
Purchases of
Stock-in-Trade |
4.054 |
2.965 |
2.687 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
16.969 |
(11.662) |
16.602 |
|
|
Employee benefit expense |
11.768 |
22.394 |
24.183 |
|
|
Other expenses |
34.110 |
63.956 |
50.930 |
|
|
TOTAL |
241.008 |
491.214 |
611.678 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
52.736 |
69.134 |
73.954 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
26.608 |
27.375 |
30.061 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
26.128 |
41.759 |
43.893 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.295 |
16.817 |
19.447 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
11.833 |
24.942 |
24.446 |
|
|
|
|
|
|
|
Less |
TAX |
4.800 |
10.000 |
4.846 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
7.033 |
14.942 |
19.600 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.50 |
1.20 |
1.61 |
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 |
42.321 |
62.188 |
19.068 |
|
Net cash flows from (used in) operating activities |
37.935 |
50.981 |
37.808 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
540.06 |
264.15 |
233.40 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
0.68 |
1.38 |
1.56 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.80 |
2.40 |
2.05 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.60 |
0.70 |
0.70 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.52 |
0.58 |
0.64 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.42 |
0.61 |
0.66 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.16 |
1.32 |
1.70 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.32 |
0.37 |
0.41 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.98 |
2.53 |
2.46 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.55 |
2.72 |
2.90 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.09 |
2.13 |
2.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.53 |
5.50 |
7.64 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.72 |
1.67 |
1.40 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.66 |
1.59 |
1.32 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.43 |
0.39 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.88 |
1.24 |
1.27 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.72 |
1.67 |
1.40 |
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 |
132.835 |
132.835 |
132.835 |
|
Reserves & Surplus |
123.700 |
138.643 |
145.676 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
256.535 |
271.478 |
278.511 |
|
|
|
|
|
|
Long-term borrowings |
20.160 |
44.350 |
15.026 |
|
Short term borrowings |
148.869 |
120.804 |
101.518 |
|
Total
borrowings |
169.029 |
165.154 |
116.544 |
|
Debt/Equity
ratio |
0.659 |
0.608 |
0.418 |
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 |
676.715 |
550.267 |
275.353 |
|
|
|
(18.686) |
(49.960) |
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 |
676.715 |
550.267 |
275.353 |
|
Profit/ (Loss) |
19.600 |
14.942 |
7.033 |
|
|
2.90
% |
2.72
% |
2.55
% |
LEGAL CASES
|
|
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 |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
No |
|
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% |
Yes |
|
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 |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
NATURE OF BUSINESS
AND STATE OF AFFAIRS
Company is in construction business under taking the contracts on basis of tenders. There is no change in the nature of the business.
During the year the company achieved the turnover of INR 275.353 million as compared to previous year turnover of INR 550.267 million. There is decline of INR 274.913 million over the previous year. The reduction in turnover of current year is about 50%. The reasons is on account of delay in certain approval from Govt. Authorities in previous year which have been received at the end of the year and not granting approvals for the escalation bills raised. However in the current year the projects have been started in full speed . Further we pleased to informed you that bills raised for escalations are being approved and realisation has been started. The present position of contracts on hand is about INR 150.000 million. In view of decreasing turnover, Directors have controlled variable expenses. After providing the depreciation of INR 14.295 million & Provision of Income/ Deferred tax INR 4.800 Million Company has earned a net profit of INR 7.032 million as compare to previous year INR 14.942 Million.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate borrowings |
12.765 |
12.765 |
|
Loans and advances from directors |
0.146 |
0.392 |
|
Rupee term loans from banks |
0.000 |
26.818 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
19.665 |
|
|
|
|
|
Total |
12.911 |
59.64 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C65598724 |
10593889 |
PUNJAB NATIONAL BANK |
08/09/2015 |
- |
- |
6626813.0 |
SHIVAJI PARKMAHI MMUMBAI-400016 MAHARASHTRA INDIA |
|
2 |
C57068116 |
10339784 |
Oriental Bank Of Commerce |
10/01/2012 |
16/06/2015 |
- |
400000000.0 |
BANDRA BRANCH, MAHATMA GANDHI SEVA MANDIR TRUSTBLDG, OPP. BANDRA TALAO, S.V. ROAD, BANDRA (W) MUMBAI-400050 MAHARASHTRA INDIA |
|
3 |
C46494480 |
10276047 |
The Saraswat Cooperative Bank Ltd |
22/03/2011 |
- |
04/03/2015 |
75000000.0 |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOCSUBHASH ROAD, VILE PARLE EAST MUMBAI-400057 MAHARASHTRA INDIA |
|
4 |
C46489498 |
10300567 |
The Saraswat Cooperative Bank Ltd |
08/07/2011 |
- |
04/03/2015 |
57000000.0 |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOCSUBHASH ROAD, VILE PARLE EAST MUMBAI-400057 MAHARASHTRA INDIA |
|
5 |
C46495701 |
10309613 |
The Saraswat Cooperative Bank Ltd |
13/09/2011 |
- |
04/03/2015 |
7500000.0 |
SME VILE PARLE BRANCH, BHOLANATH CO-OP HSG SOCSUBHASH ROAD, VILE PARLE EAST MUMBAI-400057 MAHARASHTRA INDIA |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
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 64.87 |
|
|
1 |
INR 90.48 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RKI |
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.