|
|
|
MIRA INFORM REPORT
|
Report No. : |
510390 |
|
Report Date : |
22.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BHARATKUMAR INDRASEN TRADING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
38, Kapadia Chembers, 4th Floor, Devji Ratansey Marg,
Carnac Bunder, Mumbai – 400009, Maharashtra |
|
Tel. No.: |
91-22-61111555 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
05.11.1992 |
|
|
|
|
Com. Reg. No.: |
11-069415 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.989 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1992PTC069415 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB2051R |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACB2051R1ZJ |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
[Registered
Activity]
[Confirmed
by Management] |
|
|
|
|
No. of Employees
: |
21 (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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1992. The company is a trader, dealer and importer of iron and steel.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 22.05.2018
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. Nirav Indrasen Shah |
|
Designation : |
Whole-time Director |
|
Contact No.: |
91-9821059329 |
|
Date.: |
20.05.2018 |
LOCATIONS
|
Registered/ Corporate Office : |
38, Kapadia Chembers, 4th Floor, Devji Ratansey Marg,
Carnac Bunder, Mumbai – 400009, Maharashtra, India |
|
Tel. No.: |
91-22-61111555 (30 Lines) |
|
Mobile No.: |
91-9821059329 (Mr. Nirav Indrasen Shah) |
|
Fax No.: |
91-22-61111515 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
400 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
B-28, Nirmon Complex Opposite Restaurant, Navrangpura, Ahmedabad –
380009, Gujarat, India |
|
Tel. No.: |
91-22-27421315 |
|
|
|
|
Warehouse : |
Plot No. 1511, Kalmoboli Warehousing, Complex Road No. 17, Kalamboli,
Navi Mumbai – 410216, Maharashtra, India |
|
Fax No.: |
91-79-26560067 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Indrasen Nanchand Shah |
||||||||||||
|
Designation : |
Managing Director |
||||||||||||
|
Address : |
98/15 Kaushalya Mahal, Third Floor, 24 C Road, Sion West, Mumbai – 400022, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
15.12.1945 |
||||||||||||
|
Qualification: |
SSC |
||||||||||||
|
Experience: |
25 Years |
||||||||||||
|
Date of Appointment : |
05.11.1992 |
||||||||||||
|
PAN No.: |
AACPS0571J |
||||||||||||
|
DIN No.: |
00191051 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Nirav Indrasen Shah |
||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||
|
Address : |
98/15 Kushalya Mahal, Third Floor 24 C Road, Sion West, Mumbai – 400022, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
12.11.1977 |
||||||||||||
|
Experience: |
18 Years |
||||||||||||
|
Qualification: |
MMS |
||||||||||||
|
Date of Appointment : |
01.11.1998 |
||||||||||||
|
PAN No.: |
AACPS1105L |
||||||||||||
|
DIN No.: |
00191135 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Indrasen Nanchand Shah |
|
30300 |
|
Manish Chadrasen Shah |
|
500 |
|
Kumud Indrasen Shah |
|
22500 |
|
Indrasen Nandchand Shah (HUF) |
|
50 |
|
Nirav Indrasen Shah |
|
22500 |
|
Kirti Ramanlal Shah |
|
50 |
|
Indira Kirti Shah |
|
50 |
|
Deepal Nirav Shah |
|
22500 |
|
Devendra C Shah (HUF) |
|
50 |
|
Mahesh Ratilal Shah |
|
50 |
|
Dina Mahesh Shah |
|
50 |
|
Nirav Mahesh Shah |
|
50 |
|
Mahesh Ratilal Shah (HUF) |
|
50 |
|
Atit Devendra Shah |
|
50 |
|
Dilip K Shah |
|
50 |
|
Nirav Indrasen Shah (HUF) |
|
50 |
|
Jenil Atul Shah |
|
50 |
|
|
|
|
|
Total |
|
98900 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
98.99 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
1.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
[Registered
Activity]
[Confirmed
by Management] |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Exports : |
Not Available |
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Cheque and Others (Depend) |
||||||||
|
|
|
||||||||
|
Purchasing : |
Cheque and Others (Depend) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers, End users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
21 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· Union Bank of India Sant Tukaram Road Branch, Apeejay Surendra, 24, Kranti Singh
Nana Patil Marg, Baroda Street, Mumbai - 400009, Maharashtra, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
H. K. Doshi and Company Chartered Accountants |
|
Address : |
22/26, Dariyasthan Street, Jetha Dhanji Trust Building., 2nd Floor, Masjid Bunder, Mumbai –400003, Maharahstra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFH1645L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners
with Key management personnel and their relatives: |
|
|
|
|
|
Associate Company : |
Nirav Iron and Steel Co. Private Limited |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
4000 |
Preference Shares |
INR 1000/- each |
INR 4.000 Million |
|
|
Total |
|
INR 5.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98900 |
Equity Shares |
INR 10/- each |
INR 0.989 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
0.989 |
0.989 |
0.989 |
|
(b) Reserves and Surplus |
279.237 |
191.432 |
142.837 |
|
(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) |
280.226 |
192.421 |
143.826 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4.000 |
4.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
4.000 |
4.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
680.102 |
570.763 |
364.974 |
|
(b) Trade
payables |
316.295 |
119.001 |
3.642 |
|
(c) Other
current liabilities |
69.950 |
32.055 |
10.469 |
|
(d) Short-term
provisions |
53.168 |
25.023 |
8.562 |
|
Total Current
Liabilities (4) |
1119.515 |
746.842 |
387.647 |
|
|
|
|
|
|
TOTAL |
1403.741 |
943.263 |
531.473 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
14.858 |
13.605 |
14.204 |
|
(ii)
Intangible Assets |
0.037 |
0.067 |
0.123 |
|
(iii) Tangible assets
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 |
0.001 |
0.001 |
0.000 |
|
(c) Deferred tax assets (net) |
0.526 |
0.145 |
0.057 |
|
(d)
Long-term loans and advances |
35.625 |
19.613 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
51.047 |
33.431 |
14.384 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.001 |
|
(b)
Inventories |
513.266 |
377.136 |
119.755 |
|
(c) Trade
receivables |
765.296 |
441.277 |
268.868 |
|
(d) Cash and
bank balances |
30.639 |
60.795 |
74.206 |
|
(e) Short-term
loans and advances |
0.000 |
0.000 |
51.452 |
|
(f) Other
current assets |
43.493 |
30.624 |
2.807 |
|
Total
Current Assets |
1352.694 |
909.832 |
517.089 |
|
|
|
|
|
|
TOTAL |
1403.741 |
943.263 |
531.473 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
5558.644 |
3554.791 |
3867.861 |
|
|
Other Income |
13.048 |
10.550 |
117.645 |
|
|
TOTAL |
5571.692 |
3565.341 |
3985.506 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
5332.781 |
3564.528 |
3742.135 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(136.130) |
(257.381) |
112.271 |
|
|
Employee benefit expense |
53.177 |
35.130 |
9.761 |
|
|
Other expenses |
102.308 |
89.867 |
34.082 |
|
|
TOTAL |
5352.136 |
3432.144 |
3898.249 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
219.556 |
133.197 |
87.257 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
75.620 |
59.646 |
50.422 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
143.936 |
73.551 |
36.835 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.013 |
0.990 |
1.105 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
142.923 |
72.561 |
35.730 |
|
|
|
|
|
|
|
Less |
TAX |
55.117 |
23.966 |
11.752 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
87.806 |
48.595 |
23.978 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
808.811 |
0.000 |
|
|
TOTAL IMPORTS |
0.000 |
808.811 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
887.826 |
491.355 |
242.447 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(22.098) |
(189.712) |
141.371 |
|
Net cash flows from (used in) operating activities |
(65.078) |
21.067 |
82.920 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
50.25 |
45.31 |
25.37 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
7.26 |
8.06 |
14.39 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
21.65 |
12.19 |
0.36 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.43 |
0.35 |
0.73 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
14.74 |
9.74 |
6.09 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.80 |
0.80 |
0.73 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
2.44 |
2.99 |
2.54 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
4.00 |
3.88 |
2.70 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.05 |
0.07 |
0.10 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
2.90 |
2.23 |
1.73 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
1.58 |
1.37 |
0.62 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
6.26 |
5.15 |
4.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
31.33 |
25.25 |
16.67 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.21 |
1.22 |
1.33 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.75 |
0.71 |
1.02 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.20 |
0.20 |
0.27 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
691.71 |
581.16 |
369.03 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.21 |
1.22 |
1.33 |
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 |
0.989 |
0.989 |
0.989 |
|
Reserves & Surplus |
142.837 |
191.432 |
279.237 |
|
Net
worth |
143.826 |
192.421 |
280.226 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
4.000 |
4.000 |
|
Short term borrowings |
364.974 |
570.763 |
680.102 |
|
Total
borrowings |
364.974 |
574.763 |
684.102 |
|
Debt/Equity
ratio |
2.538 |
2.987 |
2.441 |
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 |
3867.861 |
3554.791 |
5558.644 |
|
|
|
(8.094) |
56.370 |
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 |
3867.861 |
3554.791 |
5558.644 |
|
Profit/ (Loss) |
23.978 |
48.595 |
87.806 |
|
|
0.62
% |
1.37
% |
1.58
% |
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 |
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) |
Yes |
|
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 |
STATE OF COMPANY’S AFFAIRS
AND FUTURE OUTLOOK:
The company was incorporated on 1992 as a private limited company under the erstwhile Companies Act, 1956.
The Company is one of the largest distributors of Mild Steel Plates in the country and also one of the biggest MOU customer in the western region of Steel Authority of India Limited.
They have been distributing steel for more than two decades now dealing mainly in Hot Rolled products namely, Hot Strip mill plates, Plate mill plate, Boiler Quality and High Tensile plates.
Their forte lies in distributing steel to a large base of customers with varied scale of operations and customizing ourselves in order to satisfy their changing requirements.
This in turn has helped them in gaining strength in terms of our customer base and spreading operations to various locations which has also become a much sorted objective for the organisation to pursue its growth.
The company has also developed international ties in order to import steel for different project requirements and have been successful in achieving the same.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Partly convertible debentures others |
4.000 |
4.000 |
|
|
|
|
|
Short-term
Borrowings |
|
|
|
Loans |
398.030 |
283.939 |
|
|
|
|
|
Total |
402.030 |
287.939 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G77285344 |
100155424 |
The Hongkong and Shanghai Banking Corporation Limited |
22/01/2018 |
- |
- |
150000000.0 |
52/60 MAHATMA GANDHI ROAD,FORTMUMBAIMH400001IN |
|
2 |
B85946325 |
10364879 |
ING VYSYA BANK LIMITED |
14/06/2012 |
31/08/2013 |
- |
50000000.0 |
382/384, NARASINATHA STREET,KATHA BAZAR, MANDVI (W),MUMBAIMH400009IN |
|
3 |
C53436515 |
10343759 |
KOTAK MAHINDRA BANK LIMITED |
15/02/2012 |
13/09/2014 |
- |
475000000.0 |
382/384, NARASINATHA STREET,KATHA BAZAR, MANDVI (W),MUMBAIMH400009IN |
|
4 |
C30147086 |
10058839 |
Citi Bank N.A. |
20/04/2007 |
10/06/2014 |
- |
150000000.0 |
FIRST INTERNATIONAL FINANCIAL CENTRE, 9TH FLOORPLOT NO. C-54, C-55, G- BLOCK, BKC,BANDRA (E),MUMBAIMH400051IN |
|
5 |
B86648367 |
90153496 |
UNION BANK OF INDIA |
21/05/1998 |
13/03/2008 |
30/09/2013 |
250000000.0 |
SANT TUKARAM ROAD BRANCH,APEEJAY SURENDRA,24,KRANTI SINGH NANA PATIL MARG,BARODA STREET,MUMBAIMH400009IN |
FIXED ASSETS
- Land
- Buildings
- Furniture and fixtures
- Vehicles
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 68.09 |
|
|
1 |
INR 91.41 |
|
Euro |
1 |
INR 79.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KJL |
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.