|
|
|
MIRA
INFORM REPORT
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Report No. : |
498054 |
|
Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
V.S.R. PRIVATE LIMITED |
|
|
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Registered
Office : |
C-4, Industrial Estate, K. Pudur, Madurai – 625007, Tamilnadu |
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Tel No.: |
91-452-2566483 |
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Website : |
Not Available |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
01.01.1963 |
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Com. Reg. No.: |
18-004993 |
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Capital
Investment / Paid-up Capital : |
INR 40.000 Lacs |
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CIN No.: [Company Identification
No.] |
U93090TN1963PTC004993 |
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|
|
|
IEC No.: [Import-Export Code No.] |
3513004958 |
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|
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MSME Registration Number: |
330241202851 (EM Part II) |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MRIV00295B |
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GSTN : [Goods & Service Tax
Registration No.] |
33AAACV6420E1ZS |
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TIN No.: |
33114881459 |
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|
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PAN No.: [Permanent Account No.] |
AAACV6420E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing, Pressing and Fabrication of
sheet metal components. |
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No. of Employees
: |
89 (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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1963 and it is engaged in manufacturing, pressing and fabricating of sheet metal components. As per financials of March 2017, the company has registered a decent growth in its revenue and has reported minimal profit margin. Rating takes into consideration the company’s moderate financial risk profile along with high debt balance sheet and unfavourable gap between its trade payables to its trade receivables. However, rating weakness is partially offset by long established track record of business operations. Payment terms seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution. Note: Site visit was conducted at the registered address. Our executive has successfully traced the subject at the address. At the premises, our executive met Mr. Rajangam (Managing Director) and he provided with the details. As per our executive’ observation, it is a factory type premises and area of the premises is 14,000 SQ FT. Location is easy to find and locality seems to be industrial. Area seems to be neutral and 89 employees were sighted at the given address. During the visit, our executive met with neighbour companies (Asian Motors and Siva Balaji Industries) and they claimed that the subject exists on the given address. Name board of the subject was sighted at the given address. |
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 |
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 29.03.2018
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. Rajangam Perumalkaruthasamy Mookanambalam |
|
Designation : |
Managing Director |
|
Contact No.: |
91-452-2566483 |
|
Date : |
24.03.2018 |
LOCATIONS
|
Registered Office/Factory : |
C-4, Industrial Estate, K. Pudur, Madurai – 625007, Tamilnadu, India |
|
Tel. No.: |
91-452-2566483 |
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Mobile No.: |
9344033005 (Mr. Ramakrishnan) |
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Fax No.: |
Not Available |
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E-Mail : |
|
|
Website: |
Not Available |
|
Area : |
14000 Sq. ft. (As per site visit) |
|
Locality : |
Industrial (As per site visit) |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rajangam Perumalkaruthasamy Mookanambalam |
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|
Designation : |
Managing Director |
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Address : |
No.5/744, Othaveedu Pudukottai, Andarkottaram, Madurai – 625020, Tamilnadu, India |
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Date of Birth/Age : |
16.08.1953 |
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Mobile No.: |
91-8870916222 |
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Date of Appointment : |
29.09.1988 |
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Aadhar Card No.: |
7894 0785 1798 |
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PAN No.: |
AAQPR9842P |
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DIN No.: |
01393574 |
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Other Directorship:
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|
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Name : |
Mrs. Rajangam Sakuntala |
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Designation : |
Whole Time Director |
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Address : |
No.5/744, Othaveedu Pudukottai Andarkottaram-Post, Madurai - 625020, Tamilnadu, India |
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Date of Birth/Age : |
15.12.1952 |
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Mobile No.: |
91-9443058619 |
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Date of Appointment : |
25.09.2009 |
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Aadhar Card No.: |
5690 0263 5002 |
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PAN No.: |
ARTPS7552F |
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DIN No.: |
02743956 |
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Other Directorship:
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Name : |
Mr. Mookan Sethuraman |
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Designation : |
Director |
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Address : |
No.17A/9, Rajajiveethi Road, Gandhi Nagar, Madurai - 625020, Tamilnadu, India |
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Date of Birth/Age : |
18.10.1955 |
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Mobile No.: |
91-9943025250 |
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Date of Appointment : |
29.09.1988 |
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Aadhar Card No.: |
4808 4112 4406 |
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PAN No.: |
ACKPS986N |
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DIN No.: |
02538023 |
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KEY EXECUTIVES
|
Name : |
Mr. Ramakrishnan |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
P.K Mookan Ambalam |
3122 |
|
PKM Chelliah |
2960 |
|
PKM Rajangam |
8310 |
|
PKM Sethuraman |
2922 |
|
PKM Selvam |
888 |
|
PKM Sivaprakasam |
690 |
|
PKM Prabakaran |
692 |
|
C Indira |
1594 |
|
R Sakunthala |
1612 |
|
S Hemalatha |
1480 |
|
S Poonguzhali |
3060 |
|
S Vasanthi |
3040 |
|
P Vidhya |
3140 |
|
PKM Tamilarasi |
1140 |
|
B Boomadevi |
1100 |
|
C Shantha Meena |
1140 |
|
C Suresh |
1100 |
|
Mala Bharath |
10 |
|
Bhuvaneswari |
1600 |
|
Mathan |
400 |
|
Total |
40000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Pressing and Fabrication of
sheet metal components. |
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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 : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
89 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
K.K.B and Associates Chartered Accountants |
|
Address : |
Door No.6 (New No.13), Visalakshipuram Main Road, Reserve Line Post, Madurai
– 625014, Tamilnadu, India |
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Membership No.: |
200111 |
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Income-tax
PAN of auditor or auditor's firm : |
ACZPS9338N |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000 |
Equity Shares |
INR 100/- each |
INR 40.000 Lacs |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000 |
Equity Shares |
INR 100/- each |
INR 40.000
Lacs |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Lacs]
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 |
40.000 |
40.000 |
40.000 |
|
(b) Reserves & Surplus |
52.065 |
49.247 |
44.572 |
|
(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) |
92.065 |
89.247 |
84.572 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
249.941 |
227.819 |
265.838 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.112 |
|
(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) |
249.941 |
227.819 |
265.950 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
193.987 |
186.198 |
149.764 |
|
(b) Trade payables |
575.572 |
203.743 |
43.712 |
|
(c) Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
769.559 |
389.941 |
193.476 |
|
|
|
|
|
|
TOTAL |
1111.565 |
707.007 |
543.998 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
136.519 |
83.973 |
71.620 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) 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 |
14.420 |
2.421 |
0.000 |
|
(c) Deferred tax assets (net) |
0.933 |
0.737 |
0.000 |
|
(d) Long-term Loan and Advances |
1.150 |
1.150 |
0.600 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
153.022 |
88.281 |
72.220 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
117.135 |
94.996 |
129.227 |
|
(c) Trade receivables |
787.809 |
512.836 |
322.051 |
|
(d) Cash and cash equivalents |
49.781 |
10.894 |
20.500 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
3.818 |
0.000 |
0.000 |
|
Total
Current Assets |
958.543 |
618.726 |
471.778 |
|
|
|
|
|
|
TOTAL |
1111.565 |
707.007 |
543.998 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1613.570 |
1279.026 |
982.907 |
|
|
Other Income |
21.703 |
3.075 |
1.702 |
|
|
TOTAL |
1635.273 |
1282.101 |
984.609 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1285.260 |
909.795 |
711.523 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(22.140) |
34.232 |
0.758 |
|
|
Employees benefits
expense |
85.118 |
95.374 |
84.785 |
|
|
Other expenses |
222.117 |
194.272 |
141.579 |
|
|
TOTAL |
1570.355 |
1233.673 |
938.645 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
64.918 |
48.428 |
45.964 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
43.280 |
23.552 |
24.895 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
21.638 |
24.876 |
21.069 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
18.819 |
17.201 |
13.719 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2.819 |
7.675 |
7.350 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
3.000 |
3.113 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
2.819 |
4.675 |
4.237 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.00 |
1.64 |
1.73 |
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 flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
178.21 |
146.35 |
119.59 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.05 |
2.49 |
3.05 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
163.46 |
81.74 |
22.42 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.55 |
0.51 |
0.36 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.48 |
0.58 |
0.64 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.92 |
0.87 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
4.82 |
4.64 |
4.91 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
8.36 |
4.37 |
2.29 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.48 |
0.94 |
0.85 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.50 |
2.06 |
1.85 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.17 |
0.37 |
0.43 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.25 |
0.66 |
0.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
3.06 |
5.24 |
5.01 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.25 |
1.59 |
2.44 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.09 |
1.34 |
1.77 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.08 |
0.13 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
11.10 |
10.35 |
10.39 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.25 |
1.59 |
2.44 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR in Lacs |
INR in Lacs |
INR in Lacs |
|
Share Capital |
40.000 |
40.000 |
40.000 |
|
Reserves & Surplus |
44.572 |
49.247 |
52.065 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
84.572 |
89.247 |
92.065 |
|
|
|
|
|
|
long-term borrowings |
265.838 |
227.819 |
249.941 |
|
Short term borrowings |
149.764 |
186.198 |
193.987 |
|
Total borrowings |
415.602 |
414.017 |
443.928 |
|
Debt/Equity ratio |
4.914 |
4.639 |
4.822 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
in Lacs |
INR
in Lacs |
INR
in Lacs |
|
Sales
|
982.907 |
1279.026 |
1613.570 |
|
|
|
30.127 |
26.156 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
in Lacs |
INR
in Lacs |
INR
in Lacs |
|
Sales
|
982.907 |
1279.026 |
1613.570 |
|
Profit
/ (Loss) |
4.237 |
4.675 |
2.819 |
|
|
0.43% |
0.37% |
0.17% |
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 |
Yes |
|
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 |
Yes |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
No |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
OBSERVATION POINTS
|
Name of Company : |
V.S.R. PRIVATE LIMITED |
|
|
|
|
Address : |
C-4, Industrial Estate, K. Pudur, Madurai – 625007, Tamilnadu, India |
|
|
|
|
Person to whom we met: |
Mr. Rajangam Perumalkaruthasamy Mookanambalam |
|
|
|
|
Designation: |
Managing Director |
|
|
|
|
Name Board: |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Near Asian Motors |
|
|
|
|
Subject situated on: |
Factory type premises |
|
|
|
|
Locality: |
Industrial |
|
|
|
|
Area of Premises
: |
14000 (Sq. Ft.) |
|
|
|
|
Area: |
Neutral |
|
|
|
|
Level of
Operation: |
High |
|
|
|
|
Details
hypothecation signboard (if any) (as displayed in factory / work): |
NA |
|
|
|
|
No. of Employees
seen at Premises : |
89 |
|
|
|
|
Visibility of
Items: |
|
|
|
|
|
Furniture items sighted: |
Yes |
|
|
|
|
Neighbour’s
Interview: |
Our executive met with neighbour companies (Asian Motors
and Siva Balaji Industries) and they claimed that the subject exists on the
given address. |
|
|
|
|
Proof of visit: |
Photograph Photographs: Exterior with Name Board / Interior / Shop Floor / Stock etc. |
|
Name: |
K. Alagar Samy |
|
Designation : |
Field Executive |
|
Contact No.: |
91-9543111112 |
PICTURES
NEIGHBOUR
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
A58677352 |
10487454 |
INDIAN BANK |
29/11/2008 |
- |
- |
6000000.0 |
KARUPPAIURANI BRANCH MADURAI-625001 TAMILNADU INDIA |
|
2 |
G70216973 |
10219165 |
Indian Bank |
29/11/2008 |
03/04/2017 |
- |
24425000.0 |
KARUPPAIURANI BRANCH MADURAI-625020 TAMILNADU INDIA |
|
3 |
Y10423601 |
90300674 |
BALIKA FINANCE CO. LIMITED |
12/02/1997 |
- |
- |
500000.0 |
7 A WEST VELI STREET MADURAI-625001 TAMILNADU INDIA |
|
4 |
Y10421641 |
90298714 |
STATE BANK OF INADIA |
10/07/1990 |
- |
- |
300000.0 |
S I B DIVISION CITY BRANCH ZION BUILDINGEAST VELI STREET MADURAI-625001 TAMILNADU INDIA |
|
5 |
Y10422770 |
90299843 |
STATE BANK OF INDIA |
03/01/1989 |
04/12/1995 |
- |
4800000.0 |
CITY BRANCH MADRAS TAMILNADU INDIA |
|
6 |
Y10421639 |
90298712 |
STATE BANK OF INADIA |
03/01/1989 |
- |
- |
2000000.0 |
S I B DIVISION CITY BRANCH ZION BUILDINGEAST VELI STREET MADURAI-625001 TAMILNADU INDIA |
|
7 |
Y10426111 |
90303184 |
THE TAMILNADU IND. INVESTMENT CORP. LIMITED |
31/03/1983 |
- |
23/07/1987 |
50000.0 |
ARUL MANAI 27 WHITES ROAD MADRAS-600014 TAMILNADU INDIA |
|
8 |
Y10421638 |
90298711 |
STATE BANK OF INDIA |
14/11/1985 |
- |
22/01/1986 |
1500000.0 |
S I B DIVISION CITY BRANCH ZION BUILDING MADURAI-625001 TAMILNADU INDIA |
FIXED ASSETS:
- Land
- Building
- Plant and machinery
- Vehicle
- Furniture
- Electric and Fitting
- Computer
- Two Wheeler
- Car
- Milling Machine
- Dial Calpiers
- Digital Counter Machine
- Lathe Machine
- Tools
- Welding Machine
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 (as on 29.03.2018)
(date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
SUV |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RKI |
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 |
YES |
|
--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.
·