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|
MIRA INFORM REPORT
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Report No. : |
510860 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KEMIT CHEMICALS PRIVATE LIMITED (w.e.f 15.12.1993) |
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|
|
|
Formerly Known
As : |
RKM MACHINERY MANUFACTURING PRIVATE LIMITED |
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Registered
Office : |
78/12, Near Special Refractories, Phase-I, G.I.D.C.,
Vatva, Ahmedabad-382445, Gujarat |
|
Tel. No.: |
91-79-26460250 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
04.11.1993 |
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Com. Reg. No.: |
04-020592 |
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Capital
Investment / Paid-up Capital : |
INR 4.555 Million |
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CIN No.: [Company Identification
No.] |
U24231GJ1993PTC020592 |
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IEC No.: [Import-Export Code No.] |
0895002515 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACK5879N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Organic and Inorganic Chemicals Compound and dispersing agents. (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 67000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1993 having
satisfactory track record. For the financial year 2017, revenue of the company has marginally
decline, whereas profit of the company has sharply decline during the year
under a review. However, the company possesses an acceptable financial profile marked
by sound networth base along with fair debt level and favourable gap between
trade payables to its trade receivables. The company also derives strength from its long established track
record of business operation. 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 dealing 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 |
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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 23.05.2018
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
Management non-cooperative (Tel
No.:91-79-25830382)
Tel No.: 91-79-29707910/65218206
LOCATIONS
|
Registered Office/ Factory : |
78/12, Near Special Refractories, Phase-I, G.I.D.C.,
Vatva, Ahmedabad-382445, Gujarat, India |
|
Tel. No.: |
91-79-65215206 / 25830382 |
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Mobile No.: |
91-9824548070 (Mr. Keyur) |
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Fax No.: |
91-79-26421388/26421388 |
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E-Mail : |
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Website : |
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Location: |
Owned |
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Locality: |
Industrial |
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Corporate Office : |
C-1/120, Phase-1, GIDC Vatva, Near Mangal Textiles, Ahmedabad-382445,
Gujarat, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Yogesh Kantilal Desai |
|
Designation : |
Director |
|
Address : |
85, Tapovan Society, Ambawadi, Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
19.06.1946 |
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Date of Appointment : |
14.11.1993 |
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PAN No.: |
ADXPD4083G |
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DIN No.: |
01287725 |
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|
|
|
Name : |
Mr. Keyur Yogesh Desai |
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Designation : |
Director |
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Address : |
85, Tapovan Co-Operative Housing Society, S. M. Road,
Ambawadi, Ahmedabad-380015, Gujarat, India |
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Date of Birth/Age : |
07.01.1974 |
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Date of Appointment : |
29.12.2001 |
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PAN No.: |
ABPPD5249Q |
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DIN No.: |
01948902 |
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|
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Name : |
Ruju Keyur Desai |
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Designation : |
Director |
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Address : |
RH/4, Punyashree, Behind Jahanvee Restaurant, Ambawadi,
Ahmedabad-380015, Gujarat, India |
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Date of Birth/Age : |
07.10.1975 |
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Date of Appointment : |
30.06.2010 |
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PAN No.: |
ADWPD8453F |
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DIN No.: |
03036488 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Yogeshbhai Kantilal Shah |
|
15734 |
|
Keyurbhai Yogesh Desai |
|
11374 |
|
Ruju Keyur Desai |
|
4198 |
|
Yogesh Kantilal Shah (HUF) |
|
1230 |
|
Gopiben Yogesh Desai |
|
4100 |
|
Mital YogeshDesai |
|
4100 |
|
Mansi Mital Desai |
|
4100 |
|
Ramdatt Thakorlal Shah |
|
464 |
|
Dipikaben Ramdatt Shah |
|
250 |
|
Total |
|
45550 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
98.43 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
1.57 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Organic and Inorganic Chemicals Compound and dispersing agents. (Registered Activity) |
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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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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 : |
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Auditors : |
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Name : |
Rajesh Dudhara and Company Chartered Accountants |
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Address : |
601/B, 6th Floor, Harekrishna Complex, Pritamnagar Bus Stand
Ellisbridge, Ahemdabad-380006, Gujarat, India |
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Tel. No.: |
91-79-26575189 |
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Mobile No.: |
91-9427509685 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAJPD4324P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprise with Common Key Management Personnel : |
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CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55000 |
Equity Shares |
INR 100/- each |
INR 5.500 Million |
|
45000 |
12% Preference Shares |
INR 100/- each |
INR 4.500 Million |
|
|
|
|
|
|
|
Total |
|
INR 10.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45550 |
Equity Shares |
INR 100/- each |
INR 4.555 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 |
4.555 |
4.555 |
4.555 |
|
(b) Reserves & Surplus |
18.975 |
15.888 |
0.861 |
|
(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) |
23.530 |
20.443 |
5.416 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
8.402 |
10.358 |
9.654 |
|
(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 |
1.199 |
0.974 |
0.989 |
|
Total Non-current
Liabilities (3) |
9.601 |
11.332 |
10.643 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
23.026 |
11.082 |
12.588 |
|
(b) Trade
payables |
36.996 |
38.924 |
53.119 |
|
(c) Other
current liabilities |
1.239 |
2.885 |
0.954 |
|
(d) Short-term
provisions |
2.539 |
5.586 |
1.452 |
|
Total Current
Liabilities (4) |
63.800 |
58.477 |
68.113 |
|
|
|
|
|
|
TOTAL |
96.931 |
90.252 |
84.172 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
8.937 |
5.843 |
5.556 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.005 |
0.005 |
0.005 |
|
(c) Deferred tax assets (net) |
1.192 |
1.114 |
0.287 |
|
(d) Long-term Loan and Advances |
10.649 |
10.709 |
15.316 |
|
(e) Other Non-current
assets |
1.461 |
1.267 |
0.200 |
|
Total Non-Current
Assets |
22.244 |
18.938 |
21.364 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
12.430 |
14.287 |
6.104 |
|
(c) Trade
receivables |
59.585 |
54.665 |
53.894 |
|
(d) Cash
and cash equivalents |
1.435 |
1.379 |
2.655 |
|
(e)
Short-term loans and advances |
1.237 |
0.893 |
0.065 |
|
(f) Other
current assets |
0.000 |
0.090 |
0.090 |
|
Total
Current Assets |
74.687 |
71.314 |
62.808 |
|
|
|
|
|
|
TOTAL |
96.931 |
90.252 |
84.172 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
174.240 |
176.618 |
148.580 |
|
|
Other Income |
1.155 |
2.217 |
1.739 |
|
|
TOTAL |
175.395 |
178.835 |
150.319 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
106.429 |
97.631 |
107.890 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.696) |
(3.214) |
(0.960) |
|
|
Employees benefits expense |
7.896 |
7.359 |
5.647 |
|
|
Other expenses |
50.854 |
52.238 |
40.066 |
|
|
TOTAL |
164.483 |
154.014 |
152.643 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
10.912 |
24.821 |
(2.324) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.203 |
4.273 |
2.255 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.709 |
20.548 |
(4.579) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1.502 |
1.247 |
1.204 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
5.207 |
19.301 |
(5.783) |
|
|
|
|
|
|
|
Less |
TAX |
2.121 |
4.274 |
0.780 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3.086 |
15.027 |
(6.563) |
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
11.163 |
(3.864) |
3.005 |
|
|
|
|
|
|
|
|
|
Adjustment
od depreciation |
0.000 |
0.000 |
(0.008) |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Deferred tax on depreciation |
0.000 |
0.000 |
(0.002) |
|
|
Provision for tax |
0.000 |
0.000 |
0.300 |
|
|
Total
|
0.000 |
0.000 |
0.298 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
14.249 |
11.163 |
(3.864) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
31.643 |
50.471 |
67.800 |
|
|
TOTAL
EARNINGS |
31.643 |
50.471 |
67.800 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
23.036 |
22.183 |
16.338 |
|
|
TOTAL
IMPORTS |
23.036 |
22.183 |
16.338 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
67.75 |
329.90 |
(144.09) |
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 |
|
Cash generated from operations |
3.451 |
5.664 |
(7.639) |
|
Net cash flows from (used in) operating activity |
(1.881) |
4.758 |
(7.639) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
124.82 |
112.97 |
132.40 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.92 |
3.23 |
2.76 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
126.88 |
145.52 |
179.71 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.88 |
1.74 |
(0.38) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.22 |
4.25 |
(0.42) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.74 |
0.76 |
0.92 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.34 |
1.05 |
4.11 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.71 |
2.86 |
12.58 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.38 |
0.29 |
1.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.60 |
5.81 |
(1.03) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.77 |
8.51 |
(4.42) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.18 |
16.65 |
(7.80) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
13.12 |
73.51 |
(121.18) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.17 |
1.22 |
0.92 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.98 |
0.98 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.24 |
0.23 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
6.90 |
4.71 |
4.88 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.17 |
1.22 |
0.92 |
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 |
4.555 |
4.555 |
4.555 |
|
Reserves & Surplus |
0.861 |
15.888 |
18.975 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5.416 |
20.443 |
23.530 |
|
|
|
|
|
|
long-term borrowings |
9.654 |
10.358 |
8.402 |
|
Short term borrowings |
12.588 |
11.082 |
23.026 |
|
Total
borrowings |
22.242 |
21.440 |
31.428 |
|
Debt/Equity
ratio |
4.107 |
1.049 |
1.336 |
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 |
148.580 |
176.618 |
174.240 |
|
|
|
18.871 |
(1.346) |
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 |
148.580 |
176.618 |
174.240 |
|
Profit/(Loss) |
(6.563) |
15.027 |
3.086 |
|
|
(4.42)% |
8.51% |
1.77% |
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 |
No |
|
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 |
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 |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
Litigations that the firm/promoter
involved in |
-- |
|
32] |
Market information |
-- |
|
33] |
Payments terms |
No |
|
34] |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
The Company was incorporated on 17/01/1981 under the name and style of "RKM Machinery Manufacturing Private Limited" in the state of Maharashtra. The name of the Company was changed to "KEMIT CHEMICALS PRIVATE LIMITED" on 15/12/1993. A Fresh Certificate of Incorporation consequent on Change of Name was received from the Registrar of Companies, Gujarat dated 15/12/1993. The registered office of the Company was shifted from the State of Maharashtra to the State of Gujarat with effect from 19th August, 1993 and the Certificate of Registration of the Order of Company Law Board, confirming transfer of the Registered Office from one State to Another was issued by the Registrar of Companies Gujarat, Ahmedabad on 4/11/1993. The Company is carrying on business of manufacturing of chemicals and dispersing agents.
UNSECURED LOAN
|
Particular |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
From Nonbanking
Financial Company |
|
|
|
Magma Fincorp Limited |
0.000 |
0.291 |
|
From Bank |
|
|
|
Kotak Mahindra Bank Limited |
0.000 |
0.619 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans and
advance from related parties |
|
|
|
Others [Received from
Directors' & their Relatives] |
11.712 |
0.982 |
|
Loans from Nonbanking
Financial Company |
|
|
|
Bajaj Finserv |
0.000 |
2.478 |
|
Magma Fincorp Limited |
0.286 |
0.771 |
|
Loans from Bank |
|
|
|
Kotak Mahindra Bank Limited |
0.453 |
0.799 |
|
Total |
12.451 |
5.940 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C39638549 |
10541378 |
HDB FINANCIAL SERVICES LIMITED |
06/01/2015 |
- |
- |
10325000.0 |
RADHIKA, 2ND FLOOR, LAW GARDEN ROAD, NAVRANGPURA, AHMEDABAD-380009, GUJARAT, INDIA |
|
2 |
G38441457 |
10277619 |
HDFC BANK LIMITED |
16/03/2011 |
28/02/2017 |
- |
32500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI-400013, MAHARASHTRA, INDIA |
|
3 |
B09344508 |
80022054 |
BANK OF INDIA |
01/02/2006 |
18/06/2009 |
23/03/2011 |
12675000.0 |
AHMEDABAD MAIN BRANCH MEZZANINE FLOORBOI BUILDING BHADRAAHMEDABADGJ380001IN |
|
4 |
B09343443 |
80022053 |
BANK OF INDIA |
22/12/2005 |
10/06/2009 |
23/03/2011 |
12675000.0 |
AHMEDABAD MAIN BRANCH MEZZANINE FLOOR, BOI BUILDING BHADRA, AHMEDABAD-380001, GUJARAT, INDIA |
|
5 |
Y10191134 |
90101442 |
THE STATE BANK OF INDIA |
25/09/1993 |
31/03/2004 |
24/01/2006 |
5200000.0 |
MAIN BRANCH, BHADRA, AHMEDA BAD-380001, GUJARAT, INDIA |
CONTINGENT LIABILITIES:
|
PARTICULARS |
|
31.03.2017 (INR
in Million) |
|
Excise duty matters in dispute with CEGAT |
|
Not
Ascertainable |
|
) In respect of Bank Guarantee issued by Bank of India in favour of Sales
tax department |
|
0.240 |
|
In respect of Services tax matters in dispute with Commissioner
(Appeals) |
|
0.678 |
|
Income tax matters before income tax appellate tribunal |
|
2.661 |
FIXED ASSETS
- Leasehold
Land
- Building
- Furniture and
Fixture
- Computer
- Vehicle
- Plant and
Machinery
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
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.52 |
|
|
1 |
INR 91.48 |
|
Euro |
1 |
INR 80.52 |
INFORMATION DETAILS
|
Information Gathered
by : |
KAM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RKI |
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.