|
|
|
MIRA INFORM REPORT
|
Report No. : |
507355 |
|
Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ESTEEM INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 76 and 77, Pissurlem Industrial Estate, Pissurlem,
Sattari-403530, Goa |
|
Mobile No.: |
91-9822125358 (Mr. Uttam) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.12.2001 |
|
|
|
|
Com. Reg. No.: |
24-003056 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 50.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GA2001PTC003056 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
30AAACE9474F1ZT |
|
|
|
|
TIN No.: |
30450400746 |
|
|
|
|
CST No.: |
BI/CST/627 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE9474F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
The Company is engaged in the following businesses during the year:
[Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 2700000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a subsidiary of “Harcros India LLC”, United States. The company was incorporated in the year 2001.
|
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 |
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
31-03-2018.
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 08.05.2018
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 DENIED BY
|
Name : |
Mr. Uttam |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9822125358 |
|
Date : |
05.02.2018 |
LOCATIONS
|
Registered Office / Factory: |
Plot No. 76 and 77, Pissurlem Industrial Estate, Pissurlem,
Sattari-403530, Goa, India |
|
Tel. No.: |
91-832-6616666/6616603/2352005 |
|
Mobile No.: |
91-9822125358 (Mr. Uttam) |
|
Fax No.: |
91-832-6616607 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Mumbai Office: |
106, Prospect, Chamber, 317/321, Dr. D N Road, Fort, Mumbai – 400001,
Maharashtra, India |
|
Tel. No.: |
91-22-22873563/64 |
|
Fax No.: |
91-22-22840569 |
|
|
|
|
4 Units: |
Located at
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Zubin Keki Gandhi |
||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||
|
Address : |
H No: D-28 The Hermitage Housing Board,
Colony Ganeshpuri Mapusa Bardez, - 403507, Goa, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
30/11/1968 |
||||||||||||||||||||||||
|
Qualification: |
BSC |
||||||||||||||||||||||||
|
Date of Appointment : |
09.12.2017 |
||||||||||||||||||||||||
|
DIN No.: |
00664632 |
||||||||||||||||||||||||
|
PAN No.: |
AFYPG9670F |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Amol Ashok Walke |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Sushila D-29 Housing Board Colony, Mapusa
Bardez - 403507, Goa, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
31.10.1983 |
||||||||||||||||||||||||
|
Qualification: |
PHD |
||||||||||||||||||||||||
|
Date of Appointment : |
21.01.2002 |
||||||||||||||||||||||||
|
DIN No.: |
00664315 |
||||||||||||||||||||||||
|
PAN No.: |
AAKPW7932R |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Peter Paul Radford |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
7221, Cottonwood, Shawnee Kansas 66216, United
States |
||||||||||||||||||||||||
|
Date of Birth/Age : |
09.01.1962 |
||||||||||||||||||||||||
|
Qualification: |
PHD |
||||||||||||||||||||||||
|
Date of Appointment : |
03.09.2016 |
||||||||||||||||||||||||
|
DIN No.: |
07374914 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Kevin Gerard Mirner |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
343, 4th Ave S Naples Florida 34102 United
States |
||||||||||||||||||||||||
|
Date of Birth/Age : |
16.10.1955 |
||||||||||||||||||||||||
|
Qualification: |
CA |
||||||||||||||||||||||||
|
Date of Appointment : |
03.09.2016 |
||||||||||||||||||||||||
|
DIN No.: |
07374944 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Upali Weerasooriya |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
11103 Andenwood Drive Austin Austin 78726
United States |
||||||||||||||||||||||||
|
Date of Birth/Age : |
31.10.1947 |
||||||||||||||||||||||||
|
Qualification: |
PHD |
||||||||||||||||||||||||
|
Date of Appointment : |
09.09.2017 |
||||||||||||||||||||||||
|
DIN No.: |
07657375 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Uttam |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Kevin Gerard Mirner |
97500 |
19.50 |
|
Amol Ashok Walke |
9750 |
1.95 |
|
Anjali Ashok Walke |
87750 |
17.55 |
|
Harcros India LLC |
305000 |
61.00 |
|
Total |
500000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 09.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
49.00 |
|
Promoters- Body corporate |
51.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the following businesses during the year:
[Registered Activity] |
||||||
|
|
|
||||||
|
Products / Services
: |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
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|
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|
||||||
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Agencies Held : |
Not Available |
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|
||||||
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Exports : |
Not Divulged |
||||||
|
|
|
||||||
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Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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|
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Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
B Y and Associates Chartered Accountants |
|
Address : |
510-513, Apeejay House, 130, Mumbai Samachar Marg, Fort, Mumbai - 400 023, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFB0462N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company
(w.e.f. 06th January 2016): |
|
|
|
|
|
Ultimate
Holding Company (w.e.f. 06th
January 2016) |
|
|
|
|
|
Company under same
Management: |
[U24119GA1990PTC001099] |
|
|
|
|
Associate Concern: |
|
|
|
|
|
Directors are
substantially interested: |
|
|
Note: # Represents parties with whom transactions were entered during the year. |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 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 |
50.000 |
50.000 |
50.000 |
|
(b) Reserves &
Surplus |
896.395 |
756.719 |
476.495 |
|
(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) |
946.395 |
806.719 |
526.495 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
530.714 |
541.217 |
228.511 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
8.526 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
124.136 |
30.017 |
|
Total Non-current
Liabilities (3) |
530.714 |
665.353 |
267.054 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
909.857 |
624.736 |
806.022 |
|
(b) Trade payables |
528.125 |
551.124 |
663.007 |
|
(c) Other current
liabilities |
63.433 |
113.131 |
97.402 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
1501.415 |
1288.991 |
1566.431 |
|
|
|
|
|
|
TOTAL |
2978.524 |
2761.063 |
2359.980 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
520.543 |
456.252 |
393.959 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
41.524 |
15.328 |
18.468 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets
(net) |
34.516 |
27.420 |
0.000 |
|
(d) Long-term Loan and Advances |
193.408 |
164.020 |
18.774 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
791.016 |
663.045 |
431.226 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
569.455 |
517.121 |
437.889 |
|
(c) Trade receivables |
1204.970 |
1006.829 |
1095.196 |
|
(d) Cash and cash
equivalents |
167.265 |
323.932 |
127.754 |
|
(e) Short-term loans and
advances |
245.818 |
250.136 |
267.915 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
2187.508 |
2098.018 |
1928.754 |
|
|
|
|
|
|
TOTAL |
2978.524 |
2761.063 |
2359.980 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3955.339 |
4077.014 |
4447.451 |
|
|
Other Income |
41.389 |
48.513 |
22.008 |
|
|
TOTAL |
3996.728 |
4125.527 |
4469.459 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2297.650 |
2480.550 |
2976.598 |
|
|
Purchases of
Stock-in-Trade |
444.269 |
416.796 |
463.259 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(4.851) |
(81.894) |
(40.821) |
|
|
Employees benefits
expense |
201.770 |
195.538 |
115.094 |
|
|
Other expenses |
654.347 |
499.850 |
613.581 |
|
|
Prior period items |
5.745 |
3.500 |
0.000 |
|
|
TOTAL |
3598.930 |
3514.340 |
4127.711 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
397.798 |
611.187 |
341.748 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
116.573 |
134.471 |
117.916 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
281.225 |
476.716 |
223.832 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
73.645 |
67.438 |
59.897 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
207.580 |
409.278 |
163.935 |
|
|
|
|
|
|
|
Less |
TAX |
67.904 |
129.054 |
49.393 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
139.676 |
280.224 |
114.542 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1768.692 |
1984.617 |
1862.032 |
|
|
other income |
0.000 |
21.525 |
0.000 |
|
|
TOTAL EARNINGS |
1768.692 |
2006.142 |
1862.032 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
564.087 |
628.385 |
892.017 |
|
|
Components and Stores
parts |
0.000 |
0.000 |
0.000 |
|
|
Capital Goods |
12.112 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
576.199 |
628.385 |
892.017 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
279.35 |
560.45 |
229.08 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
19.699 |
15.352 |
48.240 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
41.327 |
380.083 |
64.719 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(171.683) |
293.345 |
(4.896) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
111.20 |
90.14 |
89.88 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.28 |
4.05 |
4.06 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
70.30 |
69.43 |
70.35 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.70 |
1.18 |
0.78 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.71 |
1.30 |
0.83 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.69 |
0.67 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.54 |
1.46 |
2.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.59 |
1.60 |
2.98 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.59 |
0.58 |
0.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.41 |
4.55 |
2.90 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.53 |
6.87 |
2.58 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.69 |
10.15 |
4.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
14.76 |
34.74 |
21.76 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.46 |
1.63 |
1.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.08 |
1.23 |
0.95 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.32 |
0.29 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
29.21 |
23.63 |
21.66 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.46 |
1.63 |
1.23 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
476.495 |
756.719 |
896.395 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
526.495 |
806.719 |
946.395 |
|
|
|
|
|
|
Long Term borrowings |
228.511 |
541.217 |
530.714 |
|
Short Term borrowings |
806.022 |
624.736 |
909.857 |
|
Current Maturities of Long term debt |
48.240 |
15.352 |
19.699 |
|
Total
borrowings |
1082.773 |
1181.305 |
1460.270 |
|
Debt/Equity
ratio |
2.057 |
1.464 |
1.543 |
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
|
4447.451 |
4077.014 |
3955.339 |
|
|
|
(8.329) |
(2.984) |
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
|
4447.451 |
4077.014 |
3955.339 |
|
Profit |
114.542 |
280.224 |
139.676 |
|
|
2.58% |
6.87% |
3.53% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION:
Subject is a private limited company domiciled in India and incorporated on 26th December 2001, under the provision of the Companies Act, 1956 and having registered office at Plot No. 76-77, Pissurlem Industrial Estate, Pissurlem, Sattari, Goa – 403530, India.
The Company is having 4 Units namely,
a) Pissurlem Unit (Manufacturing) situated at Pissurlem, Goa
b) Vikramgad Unit (Manufacturing) situated at Vikramgad, Maharashtra
c) Logistics Unit (Service) situated at Bicholim, Goa
d) Sumo Units (Research & Development) situated at Bicholim, Goa
The Company is engaged in the following businesses during the year:
a) Chemical engineers, analytical chemist, importers, exporters, job workers, manufacturer of and dealer in heavy chemicals, acids, alkalies, chemical compounds and kinds of chemicals.
b) Logistics services by means of transportation of goods by road.
c) Generation of electricity via wind mill & selling the electricity generated.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from others |
468.278 |
479.071 |
|
SHORT TERM
BORROWING |
|
|
|
Term loans from others |
0.000 |
4.000 |
|
Loans repayable on demand from banks |
37.172 |
49.365 |
|
Loans and advances from related parties |
20.132 |
35.306 |
|
Total |
525.582 |
567.742 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G84911577 |
100171730 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
13/02/2018 |
- |
49500000.0 |
TRISTAR BUILDING,
2ND FLOOREDC COMPLEX, PATTO PLAZAPANJIMGA403001IN |
|
2 |
G78666187 |
100158667 |
HDFC BANK LIMITED |
11/01/2018 |
- |
8271688.0 |
HDFC BANK
HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
3 |
G84909902 |
100172221 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
26/12/2017 |
- |
54000000.0 |
TRISTAR BUILDING,
2ND FLOOREDC COMPLEX, PATTO PLAZAPANJIMGA403001IN |
|
4 |
G84909902 |
100173612 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
26/12/2017 |
- |
54000000.0 |
TRISTAR BUILDING,
2ND FLOOREDC COMPLEX, PATTO PLAZAPANJIMGA403001IN |
|
5 |
G73369035 |
100146304 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
19/06/2017 |
- |
50000000.0 |
TRISTAR BUILDING,
2ND FLOOREDC COMPLEX, PATTO PLAZAPANJIMGA403001IN |
|
6 |
C64904832 |
10592505 |
THE SARASWAT CO OP
BANK LIMITED |
12/08/2015 |
- |
792000.0 |
SHOP NO. 8 &
9, SHETYE RESICOMBICHOLIMGOAGA403504IN |
|
7 |
C49747918 |
10561407 |
THE SARASWAT
CO-OPERATIVE BANK LTD |
23/12/2014 |
- |
465751.0 |
SHOP NO 8 & 9,
SHETYE RESICOM,BICHOLIMGOAGA403504IN |
|
8 |
C42596817 |
10547306 |
THE SARASWAT CO OP
BANK LIMITED |
14/11/2014 |
- |
1150000.0 |
SHOP NO. 8 &
9, SHETYE RESICOMBICHOLIMGOAGA403504IN |
|
9 |
C25784182 |
10528256 |
CANARA BANK |
20/06/2014 |
- |
370000000.0 |
NARAYAN BUILDING,
II FLOOR, KURLA ANDHERI ROAD,SME SAKINAKAMUMBAIMH400072IN |
|
10 |
C26333260 |
10528328 |
CANARA BANK |
22/05/2014 |
- |
280000000.0 |
NARAYAN BUILDING,
II FLOOR, KURLA ANDHERI ROAD,SME SAKINAKAMUMBAIMH400072IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
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 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 66.11 |
|
|
1 |
INR 90.85 |
|
Euro |
1 |
INR 80.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
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.