|
|
|
MIRA
INFORM REPORT
|
Report No. : |
507706 |
|
Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ROQUETTE RIDDHI SIDDHI PRIVATE LIMITED (w.e.f. 08.04.2013) |
|
|
|
|
Formerly Known
As : |
RIDDHI SIDDHI CORN PROCESSING PRIVATE LIMITED |
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Registered
Office : |
Floor 18, Shapath V, Near Karnavati Club, S. G. Road, Ahmedabad –
380015, Gujarat |
|
Tel. No.: |
91-79-40016000 |
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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 : |
25.08.2010 |
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Com. Reg. No.: |
04-062115 |
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Capital
Investment / Paid-up Capital : |
INR 202.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15326GJ2010PTC062115 |
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|
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|
IEC No.: [Import-Export Code No.] |
0812004809 |
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GSTN : [Goods & Service Tax
Registration No.] |
24AAFCR2758G1ZD |
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TIN No: |
24073301970 |
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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.] |
AAFCR2758G |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Starch, its derivatives and related
by-products, and development of customised application for value added starch
derivatives. (Registered Activity) |
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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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 27000000 |
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|
Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2010. It is a subsidiary of Roquette Freres, France.
|
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 14.05.2018
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
|
Name : |
Mr. Nirav Pandey |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-79-40016000 |
|
Date : |
06.05.2018 |
LOCATIONS
|
Registered Office : |
Floor 18, Shapath V, Near Karnavati Club, S. G. Road, Ahmedabad –
380015, Gujarat, India |
|
Tel. No.: |
91-79-40016000 |
|
Fax No.: |
91-79 40016100 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No.12, Sector – 9, IIE, SIDCUL, Pant Nagar, Rudrapur,
Udham Singh Nagar – 263153, Uttarakhand, India |
|
Tel. No.: |
91-5944-250241 / 42 / 428 |
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Fax No.: |
91-5944-250240 |
|
|
|
|
Factory 2 : |
Post Box No. 9, Gokak Falls Road, Gokak, Belgaum – 591307,
Karnataka, India |
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Tel. No.: |
91-8332-229240 / 41 / 42 |
|
Fax No.: |
91-8332-226721 / 227266 |
|
|
|
|
Factory 3 : |
Block No.51-52, Riddhi Siddhi Nagar, Village – Juna
Paddar, Becharaji Road, Viramgam, Ahmedabad – 382150, Gujarat, India |
|
Tel. No.: |
91-2715-234182 / 234181 |
|
|
|
|
Marketing Offices 1: |
408, 4th Floor,Tower- A, Spazedge, Sector-47, Sohna Road, Gurugram - 122002, Haryana, India |
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Tel. No.: |
91-124-4146065 |
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|
|
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Marketing Offices 2: |
Door No: 408, Barton Centre, No: 84,M.G.Road, Bangalore – 560001, Karnataka, India |
|
Tel. No.: |
91-80-25593776 /778 |
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|
|
|
Marketing Offices 3: |
Office No.702, 7th Floor Powai Plaza, Hiranandani Gardens – Powai, Mumbai-400 076, Maharashtra, India |
|
Tel. No.: |
91-22-42301500 |
|
Fax No.: |
91-22-2570 6770 |
DIRECTORS
As on 31.03.2017
|
Name : |
Marc Joseph Andre Dilly |
|
Designation : |
Managing Director |
|
Address : |
12, 2nd Floor, 10, Block – A, Vasant Vihar, New Delhi-110057, India |
|
Date of Birth/Age : |
18.08.1964 |
|
Qualification : |
Agronomics Engineer (with specialization in social & economics science) |
|
Date of Appointment : |
23.05.2017 |
|
PAN No.: |
CJWPD7546R |
|
DIN No: |
07792417 |
|
|
|
|
Name : |
Mr. Amitabh Tiriar |
|
Designation : |
Director |
|
Address : |
H. No. 63, The Meadows, Gokuldham, Off S. P. Ring Road,
Near Ek Lavya School, Ahmedabad – 382210, Gujarat, India |
|
Date of Appointment : |
28.05.2015 |
|
Date of birth/ Age: |
01.04.1973 |
|
Qualification: |
Masters In Chemical Engineering |
|
PAN No.: |
ABRPT9902G |
|
DIN No.: |
07189397 |
|
|
|
|
Name : |
Mr. Rohit Markan |
|
Designation : |
Additional Director |
|
Address : |
Flat No. 501, 5th Floor, B Wing, Interface Heights Off New Link Road, Opposite Goregaon Sports Compound, Malad (West), Mumbai-400064, Maharashtra, India |
|
Date of Birth/Age : |
27.12.1975 |
|
Date of Appointment : |
18.12.2017 |
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PAN No.: |
ADRPM4680N |
|
DIN No: |
06927278 |
|
|
|
|
Name : |
Dominique Andre Baumann |
|
Designation : |
Additional Director |
|
Address : |
31 MT Sinai Rise #09-06 Singapore 276953 |
|
Date of Birth/Age : |
31.01.1961 |
|
Date of Appointment : |
18.12.2017 |
|
DIN No: |
08017513 |
|
|
|
|
Name : |
Gaofeng Ding |
|
Designation : |
Additional Director |
|
Address : |
7 Leedon Heights #12-14 Singapore 267953 |
|
Date of Birth/Age : |
02.01.1977 |
|
Date of Appointment : |
18.12.2017 |
|
DIN No: |
08017531 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak Sharma |
|
Designation : |
Company Secretary |
|
Address : |
H. No. 306, Sector 40, Urban Estate, Gurugram-122001, India |
|
Date of Appointment : |
15.03.2017 |
|
PAN No.: |
BEHPS4301A |
|
|
|
|
Name : |
Ashish Shah and Associates |
|
Designation : |
Company Secretary |
|
Address : |
4th Floor, Shaival Plaza, Near Gujarat Collage, Ellisbridge, Ahmedabad – 380006, Gujarat, India |
|
Tel. No: |
91-79-26420336/ 7 9 |
|
Tax. No: |
91-79-26424100 |
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Mob. No: |
91-9825940391 |
|
Email: |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Roquette Freres, France |
20199995 |
|
Amitabh Tiriar |
5 |
|
Total |
20200000 |
AS ON 27.07.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters - Body corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturing of Starch, its derivatives and related
by-products, and development of customised application for value added starch
derivatives. (Registered Activity) |
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Products/ Services : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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 : |
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Facilities : |
SHORT-TERM BORROWINGS Loan repayable on demand is secured against pari-passu charge on current assets of the Company |
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
4th Floor, Arya
– 2, Near Vishwas Society, Kanshiram Hall
Lane, Panjrapole, Ambawadi, Ahmedabad – 380015, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFD7919A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Roquette Freres, France |
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|
|
|
Fellow Subsidiary
company: |
· Roquette Singapore PTE Limited, Singapore ·
Roquette CH, Switzerland |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21990000 |
Equity Shares |
INR 10/- each |
INR 219.900 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20200000 |
Equity Shares |
INR 10/- each |
INR 202.000
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 |
202.000 |
202.000 |
202.000 |
|
(b) Reserves & Surplus |
9128.038 |
9723.338 |
9648.368 |
|
(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) |
9330.038 |
9925.338 |
9850.368 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
6531.422 |
6728.176 |
6619.394 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
42.216 |
398.326 |
|
(c) Other long term
liabilities |
605.907 |
621.706 |
0.000 |
|
(d) long-term provisions |
29.524 |
21.288 |
161.002 |
|
Total Non-current Liabilities
(3) |
7166.853 |
7413.386 |
7178.722 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1891.550 |
963.745 |
670.069 |
|
(b) Trade payables |
900.629 |
716.732 |
774.034 |
|
(c) Other current
liabilities |
23.863 |
8.957 |
722.870 |
|
(d) Short-term provisions |
1329.150 |
829.256 |
3.406 |
|
Total Current Liabilities
(4) |
4145.192 |
2518.690 |
2170.379 |
|
|
|
|
|
|
TOTAL |
20642.083 |
19857.414 |
19199.469 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
12553.952 |
12749.716 |
10742.989 |
|
(ii) Intangible Assets |
279.637 |
435.910 |
671.956 |
|
(iii) Capital
work-in-progress |
2445.792 |
1153.984 |
2263.188 |
|
(iv) Goodwill |
35.355 |
35.355 |
0.000 |
|
(b) Non-current
Investments |
0.189 |
0.209 |
0.740 |
|
(c) Deferred tax assets
(net) |
217.187 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
1625.213 |
|
(e) Other Non-current
assets |
150.758 |
1339.706 |
0.000 |
|
Total Non-Current Assets |
15682.870 |
15714.880 |
15304.086 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2634.796 |
1791.924 |
1590.398 |
|
(c) Trade receivables |
1806.536 |
1609.368 |
1589.429 |
|
(d) Cash and cash
equivalents |
319.482 |
408.469 |
444.684 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
237.130 |
|
(f) Other current assets |
198.399 |
332.773 |
33.742 |
|
Total Current Assets |
4959.213 |
4142.534 |
3895.383 |
|
|
|
|
|
|
TOTAL |
20642.083 |
19857.414 |
19199.469 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue from operational |
16345.338 |
15852.665 |
14036.662 |
|
|
Other Income |
122.164 |
229.922 |
107.387 |
|
|
TOTAL |
16467.502 |
16082.587 |
14144.049 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
11136.550 |
10204.728 |
8816.075 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(282.274) |
(105.486) |
(18.416) |
|
|
Employees benefits
expense |
669.178 |
534.794 |
493.702 |
|
|
Other expenses |
3711.760 |
3675.284 |
3053.421 |
|
|
TOTAL |
15235.214 |
14309.320 |
12344.782 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
1232.288 |
1773.267 |
1799.267 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
812.588 |
697.367 |
392.594 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
419.700 |
1075.900 |
1406.673 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1259.969 |
1231.143 |
1077.945 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(840.269) |
(155.243) |
328.728 |
|
|
|
|
|
|
|
Less |
TAX |
(253.036) |
(168.919) |
77.380 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
(587.233) |
13.676 |
251.348 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1515.560 |
2557.272 |
2299.567 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(29.07) |
0.68 |
12.44 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
823.196 |
633.196 |
393.196 |
|
|
|
|
|
|
Cash generated from operations |
518.624 |
1220.757 |
2592.611 |
|
|
|
|
|
|
Net cash flow from operating activity |
532.983 |
1203.587 |
2495.002 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
40.34 |
37.05 |
41.33 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
9.05 |
9.85 |
8.83 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
29.52 |
25.64 |
32.05 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.47 |
0.99 |
1.13 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.08 |
0.12 |
0.13 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.56 |
0.50 |
0.48 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.99 |
0.84 |
0.78 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.44 |
0.25 |
0.22 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.64 |
1.45 |
1.39 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.52 |
2.54 |
4.58 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(3.59) |
0.09 |
1.79 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(2.84) |
0.07 |
1.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(6.29) |
0.14 |
2.55 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.20 |
1.64 |
1.79 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.56 |
0.93 |
1.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.45 |
0.50 |
0.51 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
45.77 |
41.21 |
38.03 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.20 |
1.64 |
1.79 |
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 |
202.000 |
202.000 |
202.000 |
|
Reserves & Surplus |
9648.368 |
9723.338 |
9128.038 |
|
Net
worth |
9850.368 |
9925.338 |
9330.038 |
|
|
|
|
|
|
long-term borrowings |
6619.394 |
6728.176 |
6531.422 |
|
Short term borrowings |
670.069 |
963.745 |
1891.550 |
|
Current maturities of
long-term debts |
393.196 |
633.196 |
823.196 |
|
Total
borrowings |
7682.659 |
8325.117 |
9246.168 |
|
Debt/Equity
ratio |
0.780 |
0.839 |
0.991 |
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 |
14036.662 |
15852.665 |
16345.338 |
|
|
|
12.938 |
3.108 |
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 |
14036.662 |
15852.665 |
16345.338 |
|
Profit /(Loss) |
251.348 |
13.676 |
(587.233) |
|
|
1.79% |
0.09% |
(3.59%) |
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 |
No |
|
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 |
No |
|
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:
The Company was incorporated on August 25, 2010 and has its registered office at Ahmedabad, Gujarat, India. It is a wholly owned subsidiary of Roquette Freres, France and is mainly in the business of manufacturing of Starch, its derivatives and related by-products, and development of customised application for value added starch derivatives. The Company has various manufacturing plants located in states of Gujarat, Karnataka and Uttarakhand.
The financial statements are approved for issue by the Company's Board of Directors on May 23, 2017.
NOTE: Registered office of the company has been shifted from “12A & 14B, Abhishree Corporate Park, Opposite Madhurya Restaurant, Ambli-Bop, Ambli-Bop Ambil, Ahmedabad - 380058, Gujarat, India” to the present address.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Non-Current
Borrowings |
|
|
|
Other external commercial borrowings |
6425.000 |
6520.000 |
|
Deferred sales tax loan |
106.422 |
208.176 |
|
Current
Borrowings |
|
|
|
Loans repayable on demand from banks |
341.550 |
30.055 |
|
Working capital loans from banks |
1550.000 |
250.000 |
|
Total |
8422.972 |
7008.231 |
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G37135928 |
10479379 |
ICICI BANK |
30/01/2014 |
- |
24/02/2017 |
2650000000.0 |
Zonal House, 9th Floor, JMC House,Opp. Parimal Garden, AmbavadiAhmedabadGJ380006IN |
|
2 |
C47778295 |
10366476 |
Standard Chartered Bank |
29/05/2012 |
- |
16/03/2015 |
372104000.0 |
Abhijit-II, Ground Floor,Near Mithakhali Six RoadsAhmedabadGJ380006IN |
|
3 |
C03389780 |
10366826 |
Oriental Bank of Commerce |
29/05/2012 |
- |
14/05/2014 |
1550000000.0 |
Hotel Meghdut Building,Station Road,AhmedabadGJ380002IN |
|
4 |
C04824744 |
10366971 |
Indian Overseas Bank |
29/05/2012 |
- |
14/05/2014 |
142800000.0 |
Ashram Road BranchAshram RoadAhmedabadGJ380009IN |
|
5 |
B85339174 |
10367064 |
Oriental Bank of Commerce |
29/05/2012 |
- |
06/09/2013 |
91600000.0 |
Hotel Meghdut Building,Station Road,AhmedabadGJ380002IN |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Claims against company not acknowledged as debt |
1.653 |
298.818 |
|
Excise Duty for classification of goods |
204.559 |
182.030 |
|
Service Tax for common input service tax credit availed on manufacturing of exempted products |
72.336 |
42.272 |
|
Sales Tax for classification of goods |
63.420 |
0.390 |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Computer equipment’s
- Goodwill
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 67.22 |
|
|
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVD |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
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.