|
|
|
MIRA INFORM REPORT
|
Report No. : |
506159 |
|
Report Date : |
04.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
EAST INDIA TECHNOLOGIES PRIVATE LIMITED [w.e.f.
26.11.2007] |
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|
|
|
Formerly Known
As : |
EAST INDIA PACKAGINGS PRIVATE LIMITED |
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Registered
Office : |
2584, Hamilton Road, Rohtangi Mansion, Kashmere Gate, Delhi-110006 |
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Tel. No.: |
91-11-23916862/23974876 |
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|
|
Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
26.03.1996 |
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|
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Com. Reg. No.: |
11-077568 |
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|
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Capital
Investment / Paid-up Capital : |
INR 45.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202DL1996PTC077568 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
07466995924 |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AAACE2104Q1ZQ |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AAACE2104Q |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject
is engaged in Manufacturing EPS Thermocol Packaging Material as well as used
as Components in Electronics Consumer Durables. [Registered Activity] |
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|
|
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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 |
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1996 and it is a manufacturer and exporter of thermocol moulding and sheets, EPS moulding, helmet packing thermocol, thermocol ice boxes and thermocol blocks etc. As per financials of March 2017, the company has registered a growth of 12.96% in its revenue as compared to its previous year’s revenue and has reported average profit margin of 3.36%. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with comfortable debt coverage indicators and decent liquidity position. Rating also takes into account extensive experience of company’s promoters in the expanded polystyrene (EPS), packaging and electronic manufacturing services (EMS) industries with EITP being a major player in EPS segment, and the company’s strong relationships with reputed customers. Further, the company has reported a good earnings per share of INR 11.25 against its face value of INR 10. However, ratings strength is partially offset by intense competition in the packaging industry and susceptibility of the company’s profitability to fluctuation in raw material prices. Payments seems to be regular. 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 |
ICRA |
|
Rating |
Long term rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
05.01.2018 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
05.01.2018 |
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 04.05.2018.
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
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-120-4560450]
LOCATIONS
|
Registered
Office: |
2584, Hamilton Road, Rohtangi Mansion, Kashmere Gate, Delhi-110006 |
|
Tel. No.: |
91-11-23916862/23974876 |
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Fax No.: |
91-11-23953687 |
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E-Mail : |
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Website : |
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Corporate Office : |
E-19-20, Site B, Surajpur Industrial Area, Greater Noida-201306, Uttar
Pradesh, India |
|
Tel. No.: |
91-120-4560450 |
|
|
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Factory 1 : |
E-18-26, Surajpur Industrial Area, Site B, Greater Noida-201306, Uttar
Pradesh, India |
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Factory 2 : |
Survey No 17, Bannerghatta Road, Kammanhalli, Bangalore, Karnataka, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Bajrang Lal Bothra |
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Designation : |
Managing Director |
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Address : |
MD-69, Pitampura, Delhi 110034, India |
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Date of Birth/Age : |
04.05.1957 |
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Qualification: |
M.Com |
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Date of Appointment : |
26.03.1996 |
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PAN No.: |
AADPB1189J |
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DIN No.: |
00129286 |
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Other Directorship:
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|
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Name : |
Mr. Laxmi Pat Bothra |
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Designation : |
Director |
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Address : |
MD-69, Pitampura, Delhi - 110034, India |
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Date of Birth/Age : |
09.11.1961 |
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Qualification: |
BE- Mechanical BEMechanical |
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Date of Appointment : |
26.03.1996 |
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PAN No.: |
AAGPB5838F |
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DIN No.: |
00130593 |
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Other Directorship:
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|
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Name : |
Mr. Suman Devi Bothra |
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Designation : |
Director |
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Address : |
MD-69, Pitampura, Delhi - 110034, India |
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Date of Birth/Age : |
14.06.1965 |
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Qualification: |
B.com |
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Date of Appointment : |
26.03.1996 |
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PAN No.: |
AADPB1193N |
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DIN No.: |
00131085 |
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|
||||||||||||||||||||
|
Name : |
Mr. Rajat Bothra |
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Designation : |
Director |
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Address : |
B-114, Sector-40, Noida, |
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Date of Birth/Age : |
29.08.1982 |
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Qualification: |
MBA from London |
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Date of Appointment : |
01.04.2010 |
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PAN No.: |
AFLPB4031Q |
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DIN No.: |
01044231 |
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Other Directorship:
|
|||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Neeraj Purshotam Tulshyan |
|
Designation : |
Secretary |
|
Address : |
A-24, Ramesh Nagar, New Delhi- 110015, India |
|
Date of Birth/Age : |
16.08.1972 |
|
Date of Appointment : |
20.03.2008 |
|
PAN No. : |
ACRPA8863A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
% age holding |
|
Bajrang Lal Bothra |
2103085 |
46.74 |
|
Suman Devi Bothra |
243054 |
5.40 |
|
Bothra Manufacturing Company Private Limited, India |
80000 |
1.78 |
|
Nitin Bothra |
1966815 |
43.71 |
|
Neha Bothra |
107046 |
2.38 |
|
|
|
|
|
Total |
4500000 |
100.00 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
98.22 |
|
Promoters (Body corporate) |
1.78 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing EPS Thermocol
Packaging Material as well as used as Components in Electronics Consumer
Durables. [Registered
Activity] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· HDFC Bank Limited · ICICI Bank Limited · State Bank of India Commercial Branch, M-47, Connaught Circus Branch, New Delhi - 110001, Delhi, INDIA · State Bank of India Chndni Chowk, Delhi, India |
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Facilities : |
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Auditors : |
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|
Name : |
Ahmad Shukla Jain and Associates Chartered Accountants |
|
Address : |
203 IIND Floor, 1/926 Naiwala Karol Bagh, New Delhi – 110005, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFA5572Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives: |
· E-Pack Polymers Private Limited [U74999DL1999PTC098374] · E-Durables · E-Vision |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
INR 10/- each |
INR 45.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
INR 10/- each |
INR 45.000 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 |
45.000 |
45.000 |
45.000 |
|
(b) Reserves and Surplus |
463.849 |
413.231 |
382.874 |
|
(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) |
508.849 |
458.231 |
427.874 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
321.668 |
277.298 |
183.872 |
|
(b) Deferred tax liabilities (Net) |
4.854 |
3.620 |
3.996 |
|
(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) |
326.522 |
280.918 |
187.868 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
190.467 |
176.534 |
121.029 |
|
(b) Trade
payables |
240.283 |
201.775 |
184.486 |
|
(c) Other
current liabilities |
117.537 |
98.564 |
68.463 |
|
(d) Short-term
provisions |
14.440 |
15.366 |
8.681 |
|
Total Current
Liabilities (4) |
562.727 |
492.239 |
382.659 |
|
|
|
|
|
|
TOTAL |
1398.098 |
1231.388 |
998.401 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
664.075 |
577.058 |
426.300 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
18.657 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.500 |
0.500 |
0.500 |
|
(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 |
13.243 |
13.739 |
10.619 |
|
Total Non-Current
Assets |
677.818 |
591.297 |
456.076 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
160.361 |
122.318 |
169.219 |
|
(c) Trade
receivables |
424.216 |
322.051 |
261.234 |
|
(d) Cash and
bank balances |
36.498 |
45.295 |
18.540 |
|
(e)
Short-term loans and advances |
98.288 |
149.659 |
92.886 |
|
(f) Other
current assets |
0.917 |
0.768 |
0.446 |
|
Total
Current Assets |
720.280 |
640.091 |
542.325 |
|
|
|
|
|
|
TOTAL |
1398.098 |
1231.388 |
998.401 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1506.930 |
1334.031 |
1182.915 |
|
|
Other Income |
5.903 |
14.753 |
11.241 |
|
|
TOTAL |
1512.833 |
1348.784 |
1194.156 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1095.436 |
1033.107 |
916.926 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
4.752 |
(1.361) |
7.465 |
|
|
Employee benefit expense |
96.960 |
70.210 |
62.007 |
|
|
Other expenses |
140.441 |
111.509 |
93.582 |
|
|
TOTAL |
1337.589 |
1213.465 |
1079.980 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
175.244 |
135.319 |
114.176 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
73.110 |
56.364 |
54.497 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
102.134 |
78.955 |
59.679 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
39.887 |
33.558 |
30.128 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
62.247 |
45.397 |
29.551 |
|
|
|
|
|
|
|
Less |
TAX |
11.628 |
15.040 |
8.882 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
50.619 |
30.357 |
20.669 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
24.370 |
10.960 |
51.643 |
|
|
Components and spare
parts |
2.692 |
2.692 |
0.458 |
|
|
Capital Goods |
51.834 |
32.373 |
0.000 |
|
|
TOTAL IMPORTS |
78.896 |
46.025 |
52.101 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
11.25 |
6.75 |
4.59 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
27.168 |
19.200 |
19.200 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
144.149 |
115.819 |
59.266 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
127.851 |
85.700 |
50.585 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
102.75 |
88.12 |
80.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.55 |
4.14 |
4.53 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
80.06 |
71.29 |
73.44 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.09 |
1.11 |
0.67 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.26 |
0.23 |
0.26 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.65 |
0.64 |
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.06 |
1.03 |
0.76 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.11 |
1.07 |
0.89 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.31 |
1.26 |
1.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.40 |
2.40 |
2.10 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.36 |
2.28 |
1.75 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.62 |
2.47 |
2.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.95 |
6.62 |
4.83 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.28 |
1.30 |
1.42 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.00 |
1.05 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.36 |
0.37 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
11.98 |
10.51 |
7.20 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.28 |
1.30 |
1.42 |
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 |
45.000 |
45.000 |
45.000 |
|
Reserves & Surplus |
382.874 |
413.231 |
463.849 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
427.874 |
458.231 |
508.849 |
|
|
|
|
|
|
Long-term borrowings |
183.872 |
277.298 |
321.668 |
|
Short term borrowings |
121.029 |
176.534 |
190.467 |
|
Current maturities of
long-term debts |
19.200 |
19.200 |
27.168 |
|
Total
borrowings |
324.101 |
473.032 |
539.303 |
|
Debt/Equity
ratio |
0.757 |
1.032 |
1.060 |
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 |
1182.915 |
1334.031 |
1506.930 |
|
|
|
12.775 |
12.961 |
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 |
1182.915 |
1334.031 |
1506.930 |
|
Profit |
20.669 |
30.357 |
50.619 |
|
|
1.75
% |
2.28
% |
3.36
% |
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 |
No |
|
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 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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G76649417 |
100153889 |
HDFC BANK LIMITED |
16/11/2017 |
- |
- |
213100000.0 |
HDFC BANK HOUSESENAPATI
BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G68541614 |
100137186 |
HDFC BANK LIMITED |
10/11/2017 |
- |
- |
105000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G49155104 |
100090923 |
ICICI BANK LIMITED |
31/03/2017 |
18/04/2017 |
- |
110000000.0 |
ICICI BANK TOWER,
NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
4 |
G70406905 |
100120603 |
HDFC BANK LIMITED |
17/01/2017 |
30/10/2017 |
- |
303100000.0 |
HDFC BANK HOUSESENAPATI
BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
G32890055 |
100070964 |
ICICI BANK LIMITED |
29/12/2016 |
- |
- |
83100000.0 |
ICICI BANK TOWER,
NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
6 |
G01770056 |
100020760 |
ICICI BANK LIMITED |
22/01/2016 |
- |
- |
90000000.0 |
LANDMARKRACE
COURCE CIRCLEALKAPURIBARODAGU390015IN |
|
7 |
C69802254 |
10601884 |
SIEMENS FINANCIAL
SERVICES PRIVATE LIMITED |
16/10/2015 |
- |
- |
17000000.0 |
130, PANDURANG BUDHKAR
MARG,WORLIMUMBAIMH400018IN |
|
8 |
C77640969 |
10578170 |
ICICI BANK LIMITED |
19/06/2015 |
04/12/2015 |
- |
60000000.0 |
LANDMARKRACE
COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
9 |
C77639623 |
10578174 |
ICICI BANK LIMITED |
19/06/2015 |
04/12/2015 |
- |
140000000.0 |
LANDMARKRACE
COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
10 |
G45920147 |
10564820 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED |
24/04/2015 |
19/04/2017 |
- |
220000000.0 |
BIRLA TOWERS25, BARAKHAMBA
ROADNEW DELHIDL110001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
134.875 |
146.241 |
|
|
|
|
|
Total |
134.875 |
146.241 |
GENERAL
INFORMATION
The company is engaged in manufacturing EPS Thermocol packaging material as well as used as components in Electronics consumer durables. EITPL is ISO 9001(2008) and ISO 14001 registered company
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Bank Guarantee |
7.500 |
5.000 |
|
Letter of Credit |
84.830 |
77.985 |
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
·
Computer equipment’s
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 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 66.61 |
|
UK Pound |
1 |
INR 90.60 |
|
Euro |
1 |
INR 79.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VIK |
|
|
|
|
Report Prepared
by : |
ARC |
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.