|
|
|
MIRA
INFORM REPORT
|
Report No. : |
501060 |
|
Report Date : |
31.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ASHTA LINERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
47, Shivaji Park, Kolhapur – 416001, Maharashtra |
|
Tel. No.: |
91-231-2537961 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
29.09.1988 |
|
|
|
|
Com. Reg. No.: |
11-049015 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 12.831 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35203MH1988PTC049015 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
AACCA2044H |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCA2044H1Z2 |
|
|
|
|
TIN No: |
27680285918 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA2044H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
(Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 1260000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1988. It is a manufacturer of all
types of drawers, rollers, non-ferrous metals, steels and iron. For the financial year 2017, the revenue of the company has increased
by 14.30% along with average profit margin of 2.21%. The sound financial profile of the company is marked by adequate
networth base along with strong debt coverage indicators due to low debt
balance sheet profile. The company has favourable earning per share (EPS) of INR 126.88
against a face value (FV) of INR 100. The rating takes into consideration the subject’s long established
track record of business operations along with extensive experience of its
promoters. However, these rating strengths are partially offset by unfavourable
gap between trade payables and trade receivables. Business is active. Payment seems to be slow but correct. In view of 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.
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 31.03.2018
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
Management
non-cooperative (Tel No.: 91-231-2537961/ 2537418/ 2537395/ 91-8805227363)
LOCATIONS
|
Registered Office : |
47, Shivaji Park, Kolhapur – 416001, Maharashtra, India |
|
Tel. No.: |
91-231-2537961/ 2537418/ 2537395 |
|
Fax No.: |
91-231-2537418 |
|
E-Mail : |
|
|
|
|
|
Corporate Office: |
R.S.No.334/2, Sangli Islampur Road, Astha, Distirst Sangli-416301, Maharashtra,
India |
|
|
|
|
Factory : |
Sangli - Islampur Road, A. P. Astha, Taluka Walwa, District Sangli -
416122, Maharashtra, India |
|
Tel. No.: |
91-2342-243325/ 243238 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ramprtap Shivnarayan Zanvar |
|
Designation : |
Managing director |
|
Address : |
52 E, Kasturi Shivaji Park, Kolhapur – 416004, Maharashtra, India |
|
Date of Appointment : |
29.09.1980 |
|
DIN No.: |
00239955 |
|
|
|
|
Name : |
Mr. Nitin Premaraj Zanvar |
|
Designation : |
Whole-time director |
|
Address : |
Ashta Tal Walwa, District: Sangli Kapad Peth, Sangli – 416416, Maharashtra, India |
|
Date of Appointment : |
21.04.1994 |
|
DIN No.: |
00239422 |
|
|
|
|
Name : |
Mr. Neeraj Narendra Zanvar |
|
Designation : |
Whole-time director |
|
Address : |
52 E, Kasturi Shivaji Park, Kolhapur – 416004, Maharashtra, India |
|
Date of Birth/Age : |
28.07.1982 |
|
Date of Appointment : |
10.10.2010 |
|
DIN No.: |
00239691 |
|
|
|
|
Name : |
Mr. Rohan Narendra Zanvar |
|
Designation : |
Whole-time director |
|
Address : |
52 E, Kasturi Shivaji Park, Kolhapur – 416004, Maharashtra, India |
|
Date of Appointment : |
01.07.2015 |
|
DIN No.: |
02373020 |
|
|
|
|
Name : |
Mr. Subhashchandra Parashram Zanwar |
|
Designation : |
Director |
|
Address : |
Ashta Taluke: Walwa, District: Sangli Ahsta – 416416, Maharashtra, India |
|
Date of Appointment : |
29.09.1988 |
|
DIN No.: |
00239641 |
|
|
|
|
Name : |
Mr. Narendra Rampratap Zanvar |
|
Designation : |
Director |
|
Address : |
52 E, Kasturi Shivaji Park, Kolhapur – 416004, Maharashtra, India |
|
Date of Appointment : |
01.07.2015 |
|
DIN No.: |
00239917 |
KEY EXECUTIVES
|
Name : |
Mr. Dilip Pange |
|
Designation : |
Company Secretary in Practice |
|
Address : |
Prabhakar Plaza, B-FO-3, 4th Floor, Dabholkar Corner,
Station Road, Kolhapur – 416001, Maharashtra, India |
|
Tel. No: |
91-231-2662660/ 2661660 |
|
Mobile |
91-9822012508 |
|
Email: |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Zanvar Rampratap
Shivnarayan |
|
23040 |
|
Keshar Rampratap
Zanvar |
|
21200 |
|
Neeta Narendra
Zanvar |
|
12080 |
|
Rohan Narendra
Zanvar |
|
21000 |
|
Shakuntala Subhash
Zanvar |
|
800 |
|
Anuradha Neetin
Zanvar |
|
1000 |
|
Nitin Premaraj
Zanvar |
|
3250 |
|
Govind Dhanaraj
Zanvar |
|
400 |
|
Bapusaheb Mahedev
Gokhale |
|
200 |
|
S. M. Gokhale |
|
500 |
|
Malatibai J.
Dvastali. |
|
80 |
|
Shantabai M.
Gaikwad |
|
80 |
|
G. R. Kulkarni. |
|
300 |
|
Rajendra Ramkrishna
Dalya |
|
400 |
|
Lata Vadudev Malu |
|
1000 |
|
Vasudev Laxman Malu |
|
300 |
|
Saroj Trimbak
Kulkarni. |
|
360 |
|
Zanvar Finance and
Investment Private Limited, India |
|
2320 |
|
Narendra R. Zanvar |
|
20000 |
|
Neeraj Narendra
Zanvar |
|
20000 |
|
Total |
|
128310 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
98.19 |
|
Promoters (Body corporate) |
1.81 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
(Registered Activity) |
||||||
|
|
|
||||||
|
Products / Services
: |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Nilesh Rajendra Khotari Chartered Accountant |
|
Address : |
473, B Ward, Rajaram Road, Kolhapur – 416001, Maharashtra, India |
|
Mobile No.: |
91-9850032207 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
BMKPK9325F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises in which promoters/ Directors of their relatives are
substantially interested : |
|
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
128310 |
Equity Shares |
INR 100/- each |
INR 12.831
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 |
12.831 |
12.831 |
12.831 |
|
(b) Reserves &
Surplus |
427.046 |
406.249 |
370.693 |
|
(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) |
439.877 |
419.080 |
383.524 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.123 |
0.508 |
1.219 |
|
(b) Deferred tax
liabilities (Net) |
29.437 |
24.436 |
20.067 |
|
(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) |
29.560 |
24.944 |
21.286 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
76.192 |
28.681 |
9.907 |
|
(b) Trade payables |
5.232 |
0.409 |
1.524 |
|
(c) Other current
liabilities |
18.957 |
18.924 |
14.394 |
|
(d) Short-term provisions |
2.503 |
2.444 |
2.303 |
|
Total Current Liabilities
(4) |
102.884 |
50.458 |
28.128 |
|
|
|
|
|
|
TOTAL |
572.321 |
494.482 |
432.938 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
411.261 |
324.489 |
304.711 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
3.260 |
0.800 |
5.454 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
10.826 |
10.826 |
8.326 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.824 |
8.379 |
9.122 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
435.171 |
344.494 |
327.613 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
27.479 |
22.545 |
20.954 |
|
(c) Trade receivables |
81.401 |
69.774 |
35.837 |
|
(d) Cash and cash
equivalents |
1.977 |
38.132 |
27.230 |
|
(e) Short-term loans and
advances |
26.293 |
19.537 |
21.304 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
137.150 |
149.988 |
105.325 |
|
|
|
|
|
|
TOTAL |
572.321 |
494.482 |
432.938 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
737.570 |
645.294 |
518.459 |
|
|
Other Income |
2.503 |
2.284 |
2.532 |
|
|
TOTAL |
740.073 |
647.578 |
520.991 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
439.572 |
356.711 |
297.569 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.789) |
(1.540) |
(0.628) |
|
|
Manufacturing Expenses |
178.414 |
164.229 |
120.602 |
|
|
Employees benefits
expense |
34.360 |
32.458 |
27.253 |
|
|
Other expenses |
32.336 |
26.606 |
24.930 |
|
|
TOTAL |
681.893 |
578.464 |
469.726 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
58.180 |
69.114 |
51.265 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
5.263 |
0.883 |
0.591 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
52.917 |
68.231 |
50.674 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
29.332 |
24.937 |
21.896 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
23.585 |
43.294 |
28.778 |
|
|
|
|
|
|
|
Less |
TAX |
7.305 |
14.338 |
7.249 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
16.280 |
28.956 |
21.529 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
71.904 |
14.714 |
0.000 |
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORTS |
0.201 |
0.266 |
1.075 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
126.88 |
225.67 |
167.79 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.385 |
0.711 |
0.875 |
|
Cash generated from operations |
37.502 |
36.713 |
62.146 |
|
Net cash flow from operating activity |
35.199 |
26.744 |
62.146 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
40.28 |
39.47 |
25.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
9.06 |
9.25 |
14.47 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
4.34 |
0.42 |
1.87 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.12 |
3.07 |
2.45 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.14 |
0.21 |
0.17 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.18 |
0.10 |
0.07 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.17 |
0.07 |
0.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.23 |
0.12 |
0.07 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.94 |
0.78 |
0.81 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
11.05 |
78.27 |
86.74 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.21 |
4.49 |
4.15 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.84 |
5.86 |
4.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
3.70 |
6.91 |
5.61 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.33 |
2.97 |
3.74 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.07 |
2.53 |
3.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.77 |
0.85 |
0.89 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.98 |
2.33 |
0.94 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.33 |
2.97 |
3.74 |
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 |
12.831 |
12.831 |
12.831 |
|
Reserves & Surplus |
370.693 |
406.249 |
427.046 |
|
Net
worth |
383.524 |
419.080 |
439.877 |
|
|
|
|
|
|
long-term borrowings |
1.219 |
0.508 |
0.123 |
|
Short term borrowings |
9.907 |
28.681 |
76.192 |
|
Current maturities of
long-term debts |
0.875 |
0.711 |
0.385 |
|
Total
borrowings |
12.001 |
29.900 |
76.700 |
|
Debt/Equity
ratio |
0.031 |
0.071 |
0.174 |
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 |
518.459 |
645.294 |
737.570 |
|
|
|
24.464 |
14.300 |
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 |
518.459 |
645.294 |
737.570 |
|
Profit /(Loss) |
21.529 |
28.956 |
16.280 |
|
|
4.15% |
4.49% |
2.21% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two/ 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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS
The company has reported total income of INR 740.074 Million for the
current year as compared to INR 647.578 Million in the previous year. The net
profit/ loss for the year amounted to INR 16.280 Million in the current year as
compared to INR 28.956 Million in the previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Sales Tax Deferal |
|
|
|
DIC – 1993 Scheme |
0.508 |
1.219 |
|
Less – Transferred to “Current maturities of long term debts” (Installments due within 12 months) |
(0.385) |
(0.711) |
|
Short-term
borrowings |
|
|
|
Unsecured loan from Directors |
65.347 |
0.000 |
|
Total |
65.470 |
0.508 |
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G53713301 |
80019925 |
INDUSTRIAL DEVELOPMENT BNAK OF INDIA LTD. |
02/01/2006 |
08/12/2006 |
16/09/2017 |
25000000.0 |
Shahupuri Branch,KolhapurKolhapurMH416001IN |
|
2 |
G53709762 |
80019919 |
THE UNITED WESTERN BANK LIMITED |
02/01/2006 |
- |
16/09/2017 |
15000000.0 |
SHAHUPURI BRANCHKOLHAPURMH416001IN |
|
3 |
G53711784 |
80019920 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA LTD. |
02/01/2006 |
19/12/2006 |
16/09/2017 |
25000000.0 |
Shahupuri Branch,KolhapurKolhapurMH416001IN |
|
4 |
G53718011 |
90088067 |
STATE BANK OF INDIA |
25/09/1997 |
- |
23/08/2017 |
5000000.0 |
INDUSTRIAL ESTATE BRANCHSANGLIMHIN |
|
5 |
G50359611 |
90091459 |
RAJARAMBAPU SAHAKARI BANK LTD. |
20/01/2001 |
- |
29/07/2017 |
10000000.0 |
PETH GAONBAH BRANCHSANGLIMHIN |
|
6 |
G50100064 |
10353383 |
APNA SAHAKARI BANK LTD. |
24/11/2011 |
- |
13/07/2017 |
30000000.0 |
Apna Bank BhavanDr. S.S.Rao Road, ParelMumbaiMH400012IN |
|
7 |
B57342354 |
10250540 |
RAJARAMBAPU SHAHAKARI BANK LTD. |
12/10/2010 |
- |
23/08/2012 |
13800000.0 |
SHAHUPURI BRANCHNEAR TRADE CENTRE, STATION ROADKOLHAPURMH416001IN |
|
8 |
B57341471 |
10129346 |
RAJARAMBAPU SAHAKARI BANK LTD. |
24/10/2008 |
- |
23/08/2012 |
15000000.0 |
SHAHUPRI BRANCHSTATION ROADKOLHAPURMH416001IN |
|
9 |
B23218134 |
10011774 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
18/07/2006 |
- |
24/09/2011 |
1987000.0 |
KOLHAPUR BRANCH,5TH LINE, RAJARAMPURI,KOLHAPURMH416008IN |
|
10 |
B23219322 |
90088052 |
THE SARASWAT CO-OPRATIVE BANK LTD. |
11/06/1997 |
- |
24/09/2011 |
213543.0 |
RAJARAMPURI BRANCHKOLHAPURIMHIN |
FIXED ASSETS
·
Factory Building
·
Plant and Machinery
·
Foundry and Lab Equipment
·
Electrical Installation
·
Pattern
·
Furniture and Fixture
·
Office Equipment
·
Computer and Accessories
·
Transport Vehicles
·
Vehicle
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 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
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.