|
|
|
MIRA INFORM REPORT
|
Report No. : |
509041 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
VIKARSH STAMPINGS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
572, Shaniwar Peth, Office No. 2, Uttekar Heights, Opposite Tilak
Wada, Kelkar Road, Pune-411030, Maharashtra |
|
Tel. No.: |
91-20-24452797 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
25.08.2003 |
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|
|
|
Com. Reg. No.: |
11-018260 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 120.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29230PN2003PTC018260 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCV7049J1ZY |
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TIN No.: |
27690010772 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCV7049J |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
16 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company incorporated in the year 2012 having
moderate track record. For the financial year ended 2017, revenue and profit of the company
has declined. The rating is also constrained on account of low reserves level low
profit margin and lowest earnings per share of the company. (i.e., earning
per share of INR 0.32 against face value of INR 10). Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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 20.05.2018
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 : |
Mrs. Sanvi |
|
Designation : |
Accountant |
|
Contact No.: |
91-20-24452797 |
|
Date : |
14.05.2018 |
LOCATIONS
|
Registered Office : |
572, Shaniwar Peth, Office No. 2, Uttekar Heights, Opposite Tilak
Wada, Kelkar Road, Pune-411030, Maharashtra, India |
|
Tel. No.: |
91-20-24452797 / 24468999 |
|
Mobile No.: |
91-9371011879 (Mr. Laxmikant) |
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Fax No.: |
91-20-24471685 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Residential |
|
|
|
|
Factory: |
Gar No.269/7, A/P. Dhangarwadi, N. H. No. 4, Taluka Khandala, District
Satara – 412801, Maharashtra, India |
|
Tel. No.: |
91-2169-245462/63/64 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Laxmikant Nathuram Trivedi |
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|
Designation : |
Whole – time Director |
||||||||||||||||
|
Address : |
Flat No. 203, Sainath Socity, 524 Rasta Peth, Pune – 411011,
Maharashtra, India |
||||||||||||||||
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Date of Birth/Age : |
17.08.1975 |
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Date of Appointment : |
25.08.2003 |
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PAN No.: |
AAHPT7484N |
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DIN No.: |
00217889 |
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Other
directorship:
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|
||||||||||||||||
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Name : |
Mr. Milind Ramesh Wani |
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Designation : |
Whole – time Director |
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Address : |
382, Shaniwar Peth, Pate Heights, Flat No. 67, Opposite Kanya Shala,
Pune – 411030, India |
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Date of Birth/Age : |
24.09.1973 |
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Date of Appointment : |
25.08.2003 |
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PAN No.: |
AABPW7261Q |
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DIN No.: |
00431167 |
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Other
directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Sameer Sambhaji Shine |
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|
Designation : |
Whole – time Director |
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Address : |
175, Kasba Peth, Pune – 411011, Maharashtra, India |
||||||||||||||||
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Date of Birth/Age : |
07.03.1975 |
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Date of Appointment : |
25.08.2003 |
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PAN No.: |
ACHPS9355F |
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DIN No.: |
00431193 |
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Other
directorship:
|
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KEY EXECUTIVES
|
Name : |
Mrs. Sanvi |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Milind Ramesh Wani |
|
588668 |
|
Sameer Sambhaji Shinde |
|
588664 |
|
Laxmikant Nathuram Trivedi |
|
648668 |
|
Ramesh Shankar Wani |
|
78000 |
|
Sambhaji Bapurao Shinde |
|
78000 |
|
Sheetal Laxmikant Trivedi |
|
18000 |
|
Laxmikant Nathuram Trivedi jointly with Sheetal Laxmikant Trivedi |
|
3330000 |
|
Sameer Sambhaji Shinde jointly with Neeta Sameer Shinde |
|
3330000 |
|
Milimd Ramesh Wani jointly with Bharati Milind Wani |
|
3330000 |
|
Stanley Lawrence D’Costa Jointly with Hilda Stanley D’Costa |
|
10000 |
|
Total |
|
12000000 |
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
: |
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Products / Services
: |
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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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|
||||
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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 : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
D K V and Associates Chartered Accountants |
|
Address : |
B-6, Phase 1, Greenfield Society, Shivtirthnagar, Kothrud, Pune – 411038, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFD9165L |
|
|
|
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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: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 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 |
120.000 |
120.000 |
120.000 |
|
(b) Reserves and Surplus |
81.458 |
79.539 |
73.113 |
|
(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) |
201.458 |
199.539 |
193.113 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
97.052 |
66.701 |
52.893 |
|
(b) Deferred tax liabilities (Net) |
9.084 |
7.158 |
6.378 |
|
(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) |
106.136 |
73.859 |
59.271 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
90.645 |
87.439 |
53.749 |
|
(b) Trade
payables |
162.228 |
195.822 |
228.001 |
|
(c) Other current
liabilities |
17.700 |
50.361 |
33.246 |
|
(d) Short-term
provisions |
1.381 |
1.375 |
1.592 |
|
Total Current
Liabilities (4) |
271.954 |
334.997 |
316.588 |
|
|
|
|
|
|
TOTAL |
579.548 |
608.395 |
568.972 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
144.963 |
140.330 |
131.618 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
3.245 |
2.625 |
2.253 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.533 |
3.533 |
1.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
1.756 |
1.781 |
1.813 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
153.497 |
148.269 |
136.684 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
180.158 |
175.451 |
153.538 |
|
(c) Trade
receivables |
225.970 |
216.566 |
194.322 |
|
(d) Cash and
bank balances |
3.471 |
3.129 |
21.196 |
|
(e)
Short-term loans and advances |
6.849 |
4.360 |
43.087 |
|
(f) Other
current assets |
9.603 |
60.620 |
20.145 |
|
Total
Current Assets |
426.051 |
460.126 |
432.288 |
|
|
|
|
|
|
TOTAL |
579.548 |
608.395 |
568.972 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
533.881 |
777.504 |
727.927 |
|
|
Other Income |
3.831 |
10.651 |
10.254 |
|
|
TOTAL |
537.712 |
788.155 |
738.181 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
418.109 |
654.423 |
559.074 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
45.703 |
|
|
Employee benefit expense |
48.596 |
45.625 |
50.769 |
|
|
Other expenses |
30.783 |
44.605 |
40.945 |
|
|
TOTAL |
497.488 |
744.653 |
696.491 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
40.224 |
43.502 |
41.690 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
26.332 |
26.000 |
23.886 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
13.892 |
17.502 |
17.804 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.247 |
8.662 |
7.941 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
4.645 |
8.840 |
9.863 |
|
|
|
|
|
|
|
Less |
TAX |
0.800 |
1.635 |
1.935 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3.845 |
7.205 |
7.928 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.533 |
1.864 |
NA |
|
|
TOTAL EARNINGS |
0.533 |
1.864 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
11.400 |
76.367 |
81.041 |
|
|
Components and spare
parts |
0.000 |
0.107 |
0.000 |
|
|
TOTAL IMPORTS |
11.400 |
76.474 |
81.041 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.32 |
0.60 |
0.66 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
13.334 |
46.573 |
16.709 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
8.181 |
(18.257) |
46.321 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
7.381 |
(19.892) |
44.386 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
154.49 |
101.67 |
97.44 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.36 |
3.59 |
3.75 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
141.62 |
109.22 |
137.61 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.22 |
0.25 |
0.27 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.27 |
0.30 |
0.31 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.74 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.00 |
1.01 |
0.64 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.35 |
1.68 |
1.64 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.74 |
0.72 |
0.69 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.53 |
1.67 |
1.75 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.72 |
0.93 |
1.09 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.66 |
1.18 |
1.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.91 |
3.61 |
4.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.57 |
1.37 |
1.37 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.90 |
0.85 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.35 |
0.33 |
0.34 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.68 |
1.67 |
1.03 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.57 |
1.37 |
1.37 |
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 |
120.000 |
120.000 |
120.000 |
|
Reserves & Surplus |
73.113 |
79.539 |
81.458 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
193.113 |
199.539 |
201.458 |
|
|
|
|
|
|
Long-term borrowings |
52.893 |
66.701 |
97.052 |
|
Short term borrowings |
53.749 |
87.439 |
90.645 |
|
Current maturities of
long-term debts |
16.709 |
46.573 |
13.334 |
|
Total
borrowings |
123.351 |
200.713 |
201.031 |
|
Debt/Equity
ratio |
0.639 |
1.006 |
0.998 |
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 |
727.927 |
777.504 |
533.881 |
|
|
|
6.811 |
(31.334) |
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 |
727.927 |
777.504 |
533.881 |
|
Profit/ (Loss) |
7.928 |
7.205 |
3.845 |
|
|
1.09
% |
0.93
% |
0.72
% |
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 |
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
Subject is a company incorporated in India as per the provisions of Companies Act 1956 having CIN U 29230 PN 2003 PTC 018260. It has its registered office at 418, Narayan Peth, Nandalal Co-Opearive Housing Society, Pune 411030 and factory at Gat No.269/7, Village Dhangarwadi, Taluka Khandala, District Satara. The main object of the company is to design, invent, develop, manufacture, buy, sell, import, export, distribute and deal in stampings required in electrical and other industries, including toroidal cores.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G52698180 |
100121118 |
AXIS BANK LIMITED |
22/08/2017 |
- |
- |
196700000.0 |
CORPORATE BANKING
BRANCH, 214-215, CITY MALL,NEAR PUNE UNIVERSITY, GANESHKHIND
ROAD,PUNEMH411007IN |
|
2 |
C67067959 |
10596582 |
JALGAON JANATA
SAHAKARI BANK LTD. |
21/09/2015 |
- |
- |
1200000.0 |
KOTHRUDPUNEMH411038IN |
|
3 |
B37707437 |
10350094 |
STANDARD CHARTERED
BANK |
30/03/2012 |
- |
- |
9000000.0 |
B -2, CERELERUM I
T PARK, KUMAR CITYVADGAON SHERI, KALYANI NAGARPUNEMH411014IN |
|
4 |
B02940179 |
10259536 |
KOTAK MAHINDRA
BANK LIMITED |
10/01/2011 |
- |
- |
2250000.0 |
36-38A, NARIMAN BHAVAN,
227,D,NARIMAN POINT,MUMBAIMH400021IN |
|
5 |
G54204128 |
10584530 |
JALGAON JANATA
SAHAKARI BANK LTD. |
17/07/2015 |
27/07/2015 |
15/09/2017 |
190000000.0 |
KOTHRUDPUNEMH411038IN |
|
6 |
G53051819 |
10397773 |
PUNE PEOPLES CO-OP
BANK LTD |
10/12/2012 |
- |
01/09/2017 |
1000000.0 |
606, SADASHIV
PETH,PUNE.PUNEMH411030IN |
|
7 |
G53050241 |
10471626 |
PUNE PEOPLES CO-OP
BANK LTD. |
19/12/2013 |
- |
01/09/2017 |
600000.0 |
606, SADASHIV
PETH,KUNTE CHOWK,PUNEMH411030IN |
|
8 |
G53053302 |
10361652 |
PUNE PEOPLES CO-OP
BANK LTD |
24/05/2012 |
- |
01/09/2017 |
1500000.0 |
606, SADASHIV
PETH,PUNE.PUNEMH411030IN |
|
9 |
G53049219 |
10495005 |
PUNE PEOPLES CO-OP
BANK LTD |
29/03/2014 |
11/08/2014 |
01/09/2017 |
50000000.0 |
606 SADASHIV PETHKUNTE
CHOWKPUNEMH411030IN |
|
10 |
C60527983 |
10065587 |
HDFC BANK LIMITED |
27/07/2007 |
02/01/2012 |
30/07/2015 |
216000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
FIXED ASSETS:
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
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 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 : |
TEJ |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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.