|
|
|
%20PRIVATE%20LIMITED%20-%20510396%2021-May-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20510396%2021-May-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20510396%2021-May-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
510396 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
FINE TOOLS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.449-P, 4th Phase, KIADB Industrial Area, Peenya, Bangalore
– 560058, Karnataka |
|
Tel. No.: |
91-80-28360453 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.06.2006 |
|
|
|
|
Com. Reg. No.: |
08-039835 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 7.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209KA2006PTC039835 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0789003554 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCF0583F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and supplier of plastic moulded components and moulds.
[Registered activity
and also confirmed by management] |
|
|
|
|
No. of Employees
: |
75 (Approximately) |
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 280000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2006 and it is having fine track records. For the financial year 2017, the company has increased its revenue from
operation as compared to previous year and maintained decent profitability
margin of 5.56%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and low debt balance sheet. Further, rating also reflects from improvement in the revenue as well
as profitability profile during the year. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular. In view of the 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
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
31-03-2018.
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 21.05.2018
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 (GENERAL DETAILS)
|
Name : |
Mr. T.P. Kallesh |
|
Designation : |
Managing Director |
|
Contact No.: |
91-80-28360453 |
|
Date : |
19.05.2018 |
LOCATIONS
|
Registered Office/ Factory : |
No.449-P, 4th Phase, KIADB Industrial Area, Peenya,
Bangalore – 560058, Karnataka, India |
|
Tel. No.: |
91-80-28360453 / 28363666 |
|
Mobile No.: |
91-80-41170471 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. T.P. Kallesh |
|
Designation : |
Managing Director |
|
Address : |
No.431, 1st Cross, 4th Block, 3rd Stage,
Basaveshwarnagar, Bangalore – 560079, Karnataka, India |
|
Date of Birth/Age : |
01.06.1957 |
|
Date of Appointment : |
28.06.2006 |
|
DIN No.: |
00222750 |
|
|
|
|
Name : |
Mrs. Shailaja Kallesh |
|
Designation : |
Director |
|
Address : |
No.431, 1st Cross, 4th Block, 3rd
Stage, Basaveshwarnagar, Bangalore – 560079, Karnataka, India |
|
Date of Birth/Age : |
21.11.1963 |
|
Date of Appointment : |
28.06.2006 |
|
DIN No.: |
00222465 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
T.P. Kallesh |
505000 |
66.45 |
|
Shailaja Kallesh |
255000 |
33.55 |
|
Total |
760000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20510396%2021-May-2018_files/image020.gif)
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of plastic moulded components and moulds. [Registered
Activity] |
||||
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|
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|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Advance Payment and Cheque (30 Days) |
||||
|
|
|
||||
|
Purchasing : |
L/C, Advance Payment and Cheque (30 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers, End Users
|
||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
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No. of Employees : |
75 (Approximately) |
||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Canara Bank, SME Branch, 473 D, 13th
Cross, IV Phase, Peenya Industrial Estate, Bangalore – 560058, Karnataka,
India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
NOTES: LONG TERM BORROWINGS · Term loan No.2454766000014 for INR 3.780 million availed from Canara Bank SME Branch, Peenya Industrial Area, Bangalore and rate of interest on this loan is 12.95%. This term loan is repayable in 60 monthly installments. · Term loan No.245477300435 vailed from Canara Bank SME Branch, Peenya Industrial Area, Bangalore and rate of interest is 13.5%. The term loan is repayable in 54 monthly installments and has been repaid in the current year. · Term loan No.2454766000109 for INR 6.400 million availed from Canara Bank SME Branch, Peenya Industrial Area. The rate of interest charged on this loan is 12.70%. This loan will be repaid in 60 months. The said loans are availed against hypothecation of machineries, mortgages of industrial land and building and personal guarantee of directors. · The company has availed vehicle loan from Toyota Financial Services Limited for an amount of INR 1.240 million on 05.07.2012. Rate of interest is at 11.41% and will be repaid in 60 installments. The loan is availed against hypothecation of motor car. SHORT TERM BORROWINGS ·
Secured by the stock in trade and book debts |
|
Auditors : |
|
|
Name : |
ABS and Company Chartered Accountants |
|
Address : |
No.32, G-3, Rukmini Apartments, 15th Cross, 11th
Main Road, Malleswaram, Bangalore – 560055, Karnataka, India |
|
Tel. No.: |
91-80-23448727/ 23561653 |
|
E-Mail: |
|
|
PAN No.: |
AAEFA8356R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related party : |
·
Fidility Enterprises |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
760000 |
Equity Shares |
INR 10/- each |
INR 7.600 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 |
7.600 |
7.600 |
7.600 |
|
(b) Reserves & Surplus |
90.715 |
71.816 |
57.028 |
|
(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) |
98.315 |
79.416 |
64.628 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
2.797 |
4.884 |
7.104 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
2.347 |
2.138 |
0.000 |
|
Total Non-current
Liabilities (3) |
5.144 |
7.022 |
7.104 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
17.944 |
30.080 |
42.188 |
|
(b) Trade
payables |
29.440 |
26.647 |
23.986 |
|
(c) Other current
liabilities |
18.715 |
13.938 |
32.443 |
|
(d) Short-term
provisions |
6.733 |
7.704 |
7.045 |
|
Total Current
Liabilities (4) |
72.832 |
78.369 |
105.662 |
|
|
|
|
|
|
TOTAL |
176.291 |
164.807 |
177.394 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
38.177 |
41.893 |
42.595 |
|
(ii)
Intangible Assets |
0.220 |
0.363 |
0.598 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.559 |
0.402 |
0.262 |
|
(d)
Long-term Loan and Advances |
5.063 |
4.935 |
4.789 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
44.019 |
47.593 |
48.244 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
71.564 |
55.056 |
39.907 |
|
(c) Trade
receivables |
48.188 |
53.161 |
48.219 |
|
(d) Cash
and cash equivalents |
2.791 |
3.338 |
28.429 |
|
(e)
Short-term loans and advances |
9.729 |
5.659 |
12.595 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
132.272 |
117.214 |
129.150 |
|
|
|
|
|
|
TOTAL |
176.291 |
164.807 |
177.394 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
339.811 |
303.058 |
279.647 |
|
|
|
Other Income |
0.489 |
0.412 |
0.647 |
|
|
|
TOTAL |
340.300 |
303.470 |
280.294 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
182.335 |
165.712 |
140.466 |
|
|
|
Changes in inventories of work-in-progress |
(19.084) |
(13.541) |
0.635 |
|
|
|
Employees benefits expense |
71.674 |
64.466 |
54.903 |
|
|
|
Other manufacturing expenses |
46.206 |
29.881 |
33.869 |
|
|
|
Exceptional items |
0.000 |
1.806 |
0.000 |
|
|
|
Extraordinary items |
0.101 |
0.000 |
0.000 |
|
|
|
Other/Administrative expenses |
19.432 |
16.769 |
17.621 |
|
|
|
TOTAL |
300.664 |
265.093 |
247.494 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
39.636 |
38.377 |
32.800 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.372 |
5.061 |
4.521 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
35.264 |
33.316 |
28.279 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
9.109 |
9.721 |
9.983 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
26.155 |
23.595 |
18.296 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.256 |
8.808 |
6.214 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
18.899 |
14.787 |
12.082 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods |
0.013 |
0.413 |
2.486 |
|
|
TOTAL EARNINGS |
0.013 |
0.413 |
2.486 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
24.87 |
19.46 |
15.90 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
2.078 |
2.443 |
3.750 |
|
Net cash flow from / (used in) operations |
30.551 |
11.922 |
49.060 |
|
Net cash flow from / (used in) operating activities |
22.980 |
2.836 |
41.077 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
51.76 |
64.03 |
62.94 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.05 |
5.70 |
5.80 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
58.93 |
58.69 |
62.33 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.55 |
0.70 |
0.82 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.03 |
0.91 |
0.76 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.44 |
0.52 |
0.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.23 |
0.47 |
0.82 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.74 |
0.99 |
1.63 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.39 |
0.53 |
0.67 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.07 |
7.58 |
7.26 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
5.56 |
4.88 |
4.32 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
10.72 |
8.97 |
6.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
19.22 |
18.62 |
18.69 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.82 |
1.50 |
1.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.83 |
0.79 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.56 |
0.48 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.00 |
4.92 |
6.98 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.82 |
1.50 |
1.22 |
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 |
7.600 |
7.600 |
7.600 |
|
Reserves & Surplus |
57.028 |
71.816 |
90.715 |
|
Net
worth |
64.628 |
79.416 |
98.315 |
|
|
|
|
|
|
Long Term borrowings |
7.104 |
4.884 |
2.797 |
|
Short Term borrowings |
42.188 |
30.080 |
17.944 |
|
Current maturities of long term debt |
3.750 |
2.443 |
2.078 |
|
Total
borrowings |
53.042 |
37.407 |
22.819 |
|
Debt/Equity
ratio |
0.821 |
0.471 |
0.232 |
%20PRIVATE%20LIMITED%20-%20510396%2021-May-2018_files/image022.gif)
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
|
279.647 |
303.058 |
339.811 |
|
|
|
8.372 |
12.127 |
%20PRIVATE%20LIMITED%20-%20510396%2021-May-2018_files/image024.gif)
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
|
279.647 |
303.058 |
339.811 |
|
Profit/(Loss) |
12.082 |
14.787 |
18.899 |
|
|
4.32% |
4.88% |
5.56% |
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LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
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 |
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION:
The company was incorporated on 28.06.2016, as a Private Limited Company
under the Companies Act, 1956. The registered office of the company in
Bangalore, India
The company is manufacturing plastic moulded components and moulds. The
activities of the company revolve around this business and the manufacturing
operations are only in India.
REVIEW OF BUSINESS OPERATIONS AND FUTURE
PROSPECTS:
The total income including of other income in the current year increased to INR 340.300 million from INR 303.470 million in the previous year.
The company recorded the net profit for the current year is INR 18.899 million compared to Net profit of INR 14.787 million in previous year.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G68645795 |
100137290 |
SARASWAT BANK |
30/10/2017 |
- |
- |
15000000.0 |
1& 2, PAMADI TOWERS FIRST MAIN ROAD, GANDHI NAFIRST MAIN ROAD, GANDI NAGARBANGALOREKA560009IN |
|
2 |
G51017481 |
100117211 |
CANARA BANK |
10/08/2017 |
- |
- |
950000.0 |
473D, 13TH CROSS, 4TH PHASEPEENYA INDUSTRIAL ESTATE,SME PEENYA BRANCHBANGALOREKA560058IN |
|
3 |
G62314083 |
10112201 |
CANARA BANK |
09/06/2008 |
26/09/2017 |
- |
69180000.0 |
SME BRANCH, 473D, 13TH CROSSIV PHASE, PEENYA INDUSTRIAL ESTATEBANGALOREKA560058IN |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
The company has a limit FLC of INR 10.000 Million
towards import of materials and balance for the year ended |
0.000 |
5.631 |
FIXED ASSETS:
Tangible Assets
·
Freehold Land
·
Building
·
Office Equipments
·
Computer
·
Generator
·
Machine Tools
·
Energy Saving Device
·
Plant and Machinery
·
Electrical Items
·
Furniture and Fixtures
·
Vehicles
Intangible Assets
·
Software
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 67.96 |
|
|
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
INFORMATION DETAILS
|
Information Gathered
by : |
RUB |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
NKT |
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.