|
|
|
MIRA INFORM REPORT
|
Report No. : |
509499 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
TOYOP RELIEF PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Madhu Kunj, Navroji X Lane, Ghatkopar (West), Mumbai - 400086,
Maharashtra |
|
Tel. No.: |
91-22-67590000/25771647 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
06.09.2007 |
|
|
|
|
Com. Reg. No.: |
11-173852 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 45.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2007PTC173852 |
|
|
|
|
TIN / CST No.: |
27650654583 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0392022419 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT7434 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCT7434L1ZY |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
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|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2007 having moderate track
record. For the financial year ended 2017, revenue and profit of the company
has sharply declined. Further, as per indirect source we could also find that company has
instance of overdue bills for continuous period of over 30 days, driven by
weak liquidity due to elongated receivable cycle. Payment terms are seems to be slow and delayed. The company can be considered for business dealings on safe and
secured trade terms and condition. |
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 |
CRISIL |
|
Rating |
Long Term Rating = D |
|
Rating Explanation |
The company is in default or expected to be in default soon. |
|
Date |
22.01.2018 |
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
|
Name : |
Mr. Gopal |
|
Designation : |
Vice president of finance and administration |
|
Contact No.: |
91-22-67590000 |
|
Date : |
15.05.2018 |
LOCATIONS
|
Registered Office : |
Madhu Kunj, Navroji X Lane, Ghatkopar (West), Mumbai - 400086,
Maharashtra, India |
|
Tel. No.: |
91-22-67590000 / 25771647 |
|
Mobile No.: |
91-9821080208 (Mr. Sachin Shah) |
|
Fax No.: |
91-22-67590090/25778855 |
|
E-Mail : |
|
|
Website : |
|
|
Area.: |
2400 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Residential |
|
|
|
|
Administrative Office: |
Kanti Engineering Works, Harichand Mill Compound, L. B. S. Marg,
Vikhroli (West), Mumbai – 400079, Maharashtra, India |
|
Area.: |
6000 Sq. Ft. |
|
Locality : |
Commercial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sachin Shashikant Shah |
|
Designation : |
Director |
|
Address : |
Madhu Kunj, Navroji X Lane, Ghatkopar (West), Mumbai - 400086,
Maharashtra, India |
|
Date of Birth/Age : |
30.03.1962 |
|
Date of Appointment : |
06.09.2007 |
|
DIN No.: |
00732463 |
|
|
|
|
Name : |
Mr. Torall Sachin Shah |
|
Designation : |
Director |
|
Address : |
Ground Floor, Madhu Kunj, Navroji X Lane, Ghatkopar (West), Mumbai-400086, Maharashtra, India |
|
Date of Birth/Age : |
11.02.1966 |
|
Date of Appointment : |
06.09.2007 |
|
DIN No.: |
01269627 |
KEY EXECUTIVES
|
Name : |
Mr. Gopal |
|
Designation : |
Vice president of finance and administration |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sachin S. Shah |
|
3920000 |
|
Toral S. Shah |
|
180000 |
|
Aryan S. Shah |
|
200000 |
|
Kanti Engineering Works, India |
|
200000 |
|
|
|
|
|
Total |
|
4500000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Relief Material |
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Countries : |
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Imports : |
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Products : |
Plastic Renewal Items |
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Countries : |
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Terms : |
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Selling : |
Credit (30, 90 Days), Others (NEFT, RTGS) |
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Purchasing : |
Credit (30, 90 Days), Others (NEFT, RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Others (B2B)
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Saurabh V. Bhat and Company Chartered Accountants |
|
Address : |
17-A, Sucheta Niwas, 1st Floor, 285 SBS Road, Fort Mumbai –
400001, Maharashtra, India |
|
Tel. No.: |
91-22-22618482 |
|
Mobile No.: |
91-9819864678 |
|
Income-tax
PAN of auditor or auditor's firm : |
ARCPB4764H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
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Subsidiaries : |
|
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Entities in which Directors have substantial interest : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
INR 10/- each |
INR 45.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
45.000 |
45.000 |
45.000 |
|
(b) Reserves & Surplus |
9.457 |
7.009 |
-7.173 |
|
(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) |
54.457 |
52.009 |
37.827 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
45.474 |
41.677 |
40.064 |
|
(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 |
8.960 |
|
Total
Non-current Liabilities (3) |
45.474 |
41.677 |
49.024 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
243.188 |
237.346 |
222.526 |
|
(b) Trade payables |
36.804 |
26.365 |
111.842 |
|
(c) Other current liabilities |
16.770 |
11.930 |
9.302 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
296.762 |
275.641 |
343.670 |
|
|
|
|
|
|
TOTAL |
396.693 |
369.327 |
430.521 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
77.733 |
85.252 |
80.276 |
|
(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 |
2.003 |
2.003 |
0.006 |
|
(c) Deferred tax assets (net) |
(3.303) |
3.392 |
2.209 |
|
(d) Long-term Loan and Advances |
2.269 |
5.389 |
1.504 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
78.702 |
96.036 |
83.995 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
132.392 |
108.897 |
97.982 |
|
(c) Trade receivables |
109.003 |
75.770 |
167.407 |
|
(d) Cash and cash equivalents |
45.598 |
47.014 |
34.196 |
|
(e) Short-term loans and
advances |
30.635 |
40.393 |
46.065 |
|
(f) Other current assets |
0.363 |
1.217 |
0.876 |
|
Total
Current Assets |
317.991 |
273.291 |
346.526 |
|
|
|
|
|
|
TOTAL |
396.693 |
369.327 |
430.521 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
478.039 |
798.870 |
580.176 |
|
|
Other Income |
38.911 |
25.279 |
41.367 |
|
|
TOTAL
|
516.950 |
824.149 |
621.543 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
401.545 |
676.714 |
495.987 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
22.484 |
|
|
Employees benefits expense |
11.715 |
7.843 |
12.460 |
|
|
Other expenses |
53.159 |
74.831 |
86.524 |
|
|
TOTAL |
466.419 |
759.388 |
617.455 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
50.531 |
64.761 |
4.088 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
33.691 |
44.408 |
27.539 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
16.840 |
20.353 |
(23.451) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.550 |
7.355 |
7.607 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
9.290 |
12.998 |
(31.058) |
|
|
|
|
|
|
|
Less |
TAX |
6.842 |
(1.184) |
(8.781) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
2.448 |
14.182 |
(22.277) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
238.134 |
566.387 |
302.763 |
|
|
Freight collected on expense |
1.895 |
18.795 |
1.505 |
|
|
TOTAL
EARNINGS |
240.029 |
585.182 |
304.268 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
149.018 |
266.258 |
276.556 |
|
|
TOTAL
IMPORTS |
149.018 |
266.258 |
276.556 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
0.54 |
3.15 |
(4.95) |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
700.000 |
|
|
|
|
|
Expected Sales (2018-2019) : INR 800.000 Million (Approximately)
The above information has been parted by Mr. Gopal (Vice President of
Finance and Administration)
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 |
12.349 |
40.407 |
40.666 |
|
Net cash flow from operating activity |
12.349 |
40.407 |
40.666 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
83.23 |
34.62 |
105.32 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.39 |
10.54 |
3.47 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
33.45 |
14.22 |
82.31 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.38 |
0.59 |
0.04 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.65 |
0.76 |
0.05 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.86 |
0.86 |
0.89 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
5.30 |
5.36 |
6.94 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
5.45 |
5.30 |
9.09 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.43 |
1.64 |
2.12 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.50 |
1.46 |
0.15 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
0.51 |
1.78 |
(3.84) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.62 |
3.84 |
(5.17) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.50 |
27.27 |
(58.89) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.07 |
0.99 |
1.01 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.63 |
0.60 |
0.72 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.14 |
0.14 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
6.41 |
6.20 |
5.84 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.07 |
0.99 |
1.01 |
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 |
45.000 |
45.000 |
45.000 |
|
Reserves & Surplus |
(7.173) |
7.009 |
9.457 |
|
Net
worth |
37.827 |
52.009 |
54.457 |
|
|
|
|
|
|
Long Term borrowings |
40.064 |
41.677 |
45.474 |
|
Short Term borrowings |
222.526 |
237.346 |
243.188 |
|
Total
borrowings |
262.590 |
279.023 |
288.662 |
|
Debt/Equity
ratio |
6.942 |
5.365 |
5.301 |
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
|
580.176 |
798.870 |
478.039 |
|
|
|
37.694 |
(40.161) |
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
|
580.176 |
798.870 |
478.039 |
|
Profit
/ (Loss) |
(22.277) |
14.182 |
2.448 |
|
|
(3.84%) |
1.78% |
0.51% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
NOTE: Registered office of the company has been shifted from Kanti Engineering Works, Harichand Mill Compound, LBS Marg, Vikhorli (West), Mumbai – 400079, Maharashtra, India to the present address w.e.f. 24.01.2009
NATURE OF
OPERATION
The company is in the business of Exports and supply of relief material
worldwide. The company is also an authorized distributor of Lyondell Baseball
for Indian subcontinent for specialty plastic raw material used in very
applications.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans |
40.656 |
35.357 |
|
|
|
|
|
Short-term
Borrowings |
|
|
|
Loans |
6.661 |
8.957 |
|
|
|
|
|
Total |
47.317 |
44.314 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C72995731 |
10607382 |
Bank of India |
03/12/2015 |
- |
- |
5000000.0 |
Ghatkopar (West) Branch,Desai Niwas,M.G.Road,Ghatkopar (West)MumbaiMH400086IN |
|
2 |
C70370721 |
10603022 |
Bank of India |
16/09/2015 |
- |
- |
3000000.0 |
Ghatkopar (West) Branch,Desai Niwas,M.G.Road,Ghatkopar (West)MumbaiMH400086IN |
|
3 |
B98317423 |
10482095 |
BANK OF INDIA |
30/01/2014 |
- |
- |
1100000.0 |
Ghatkopar (West) Branch,Deasi Niwas,M.G.Road,Ghatkopar (West)MumbaiMH400086IN |
|
4 |
B14381347 |
10290511 |
BANK OF INDIA |
28/04/2011 |
- |
- |
20000000.0 |
Ghatkopar (West) Branch, Desai NiwasM. G. Road, Ghatkopar (West),MumbaiMH400086IN |
|
5 |
A81644577 |
10208614 |
BANK OF INDIA |
03/02/2010 |
- |
- |
182000000.0 |
Ghatkopar (West) Branch,Desai NiwasM.G.Road,Ghatkopar (West)MumbaiMH400086IN |
|
6 |
B14311104 |
10145064 |
BANK OF INDIA |
20/02/2009 |
28/04/2011 |
- |
474000000.0 |
Ghatkopar (West) Branch, Desai NiwasM. G. Road, Ghatkopar (West),MumbaiMH400086IN |
|
7 |
A56447626 |
10141793 |
BANK OF INDIA |
29/12/2008 |
- |
- |
1600000.0 |
Ghatkopar (West) Branch, Desai Niwas,M.G. Road, Ghatkopar (West),MumbaiMH400086IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Disputed Income Tax (AY 2013-14) |
37.348 |
37.348 |
|
Bank Guarantee |
5.807 |
2.834 |
FIXED ASSETS
- Furniture and
fixture
- Office
equipment
- Computer
- Plant and
machinery
- Motor Vehicle
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 : |
AKS |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
YES |
|
--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.