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|
|
MIRA
INFORM REPORT
|
Report No. : |
511324 |
|
Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BATHLA ALUMINIUM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 62/1, Palace Road, 3rd Floor, Vasanth Nagar, Bangalore
– 560052, Karnataka |
|
Tel. No.: |
91-80-22223081 / 22223089 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
29.12.1983 |
|
|
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Com. Reg. No.: |
08-005780 |
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Capital
Investment / Paid-up Capital : |
INR 7.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27203KA1983PTC005780 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACB6833D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The subject is engaged in the trading and manufacturing of products
like Ladders, Kitchen appliances and Ironing tables. (Registered activity) |
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|
No. of Employees
: |
Information declined 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 |
|
Maximum Credit Limit : |
USD 150000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1983 and it is engaged in trading and manufacturing of products like Ladders, Kitchen appliances and Ironing tables. As per the available financials of 2017, the company has achieved decent growth of 21.55% in its revenue as compared to its previous year but has reported low profitability margin during the year. Rating takes into consideration, the healthy financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operation and well experienced management team. However, these rating strengths is partially offset by the highly competitive nature of its trending business, putting further pressure on profitability. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
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 25.05.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE: 91-80-22223081 /
22223089
LOCATIONS
|
Registered Office / Corporate Office : |
No. 62/1, Palace Road, 3rd Floor, Vasanth Nagar, Bangalore
– 560052, Karnataka, India |
|
Tel. No.: |
91-80-22223081 / 22223089 /
22233824 / 2235131 |
|
Fax No.: |
Not Divulged |
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E-Mail : |
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Website : |
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Works : |
Plot No. 381, Sub Layout of Sompura 1st Stage I.A.,
Nelamangala Taluk, Bangalore – 562111, Karnataka, India |
|
Tel. No.: |
91-80-28536251 / 6677 |
|
Fax No.: |
91-80-28537788 |
|
Email : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rohit Bathla |
|
Designation : |
Director |
|
Address : |
# 103, Pebble Bay, 1st Main RMV, 2nd Stage, Bangalore
560094, Karnataka,
India |
|
Date of Appointment : |
02.02.1987 |
|
DIN No.: |
00961202 |
|
|
|
|
Name : |
Mr. Gaurav Bathla |
|
Designation : |
Director |
|
Address : |
No.332, 16th Cross, RMV II STG, Bangalore – 560080, Karnataka, India |
|
Date of Appointment : |
02.02.1987 |
|
DIN No.: |
01616964 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Raj Bathla |
|
485 |
|
Rohit Bathla |
|
34750 |
|
Gaurav Bathla |
|
34750 |
|
Bhavna Bathla |
|
1 |
|
Shobha R |
|
1 |
|
Kamala Devi |
|
1 |
|
Ravinder Bhari |
|
1 |
|
Santosh Kumari |
|
1 |
|
S D Chowadary |
|
1 |
|
Anuradha Agarwal |
|
1 |
|
Akil Agarwal |
|
1 |
|
Vijay Kumar M |
|
1 |
|
Login Infotech |
|
1 |
|
Gaurav Bhari |
|
1 |
|
K R Grower |
|
1 |
|
Sapana Constructions |
|
1 |
|
Krishna Srivastav |
|
1 |
|
Ramesh Kumar |
|
1 |
|
Total |
|
70000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
0.69 |
|
Public – (Individual/ Hindu
Undivided Family – Indian |
99.31 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is engaged in the trading and manufacturing of products
like Ladders, Kitchen appliances and Ironing tables. (Registered activity) |
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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 : |
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 declined by the management |
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Bankers : |
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Facilities : |
NOTE: LONG-TERM
BORROWINGS: Kotak Mahindra
Bank Limited: The company has availed a long term secured loan (sanctioned limit
INR 44.000 Million during April 2014) from ING bank, for the purpose of
contractions of a new manufacturing facility. The summarized terms of the
loan are as under: Security: Secured by way
of Hypothecation of factory building and charge on oil assets (excluding
vehicles) and personal guarantee of the Directors. Interest: Base rate +
1.30% (10.8% on an sanction date) Repayment: Repayment in 60
monthly installments of INR 0.625 Million pm. After initial holiday period of
12 months. Vehicle: Term Loan from Bank- Vehicle loans are secured by way of hypothecation
of the vehicles. Terms of repayment of term loans.
SHORT-TERM
BORROWINGS: *Cash Credit limit from Kotak Mahindra Bank Limited., is increased to
INR 72.500 Million during the year and is secured by way of Hypothecation of
current assets including inventory, receivables and charge on Plant and
machinery and immoveable property of the company; and personal guarantee of
the Directors. The interest rate as on 31st March 17 is 8.85%.p.a. |
|
Financial Institutions : |
Kotak Mahindra Prime Limited, 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
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Auditors : |
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|
Name : |
Vasan and Sampath Chartered Accountants |
|
Address : |
Jupiter-2, # 190, 5th Cross, 3rd Main, MICO Layout, BTM 2nd Stage, Bangalore
– 560076, Karnataka, India |
|
Tel. No.: |
91-80-30134100 / 26770018 |
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Fax No.: |
91-80-30134199 / 26770017 |
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E-Mail : |
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Website: |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFV7081L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
INR 100/- each |
INR 7.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70000 |
Equity Shares |
INR 100/- each |
INR 7.000 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 |
7.000 |
7.000 |
7.000 |
|
(b) Reserves & Surplus |
45.888 |
39.270 |
36.554 |
|
(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) |
52.888 |
46.270 |
43.554 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
32.668 |
43.407 |
39.831 |
|
(b) Deferred tax liabilities
(Net) |
3.958 |
1.795 |
0.000 |
|
(c) Other long term
liabilities |
0.853 |
1.583 |
1.385 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
37.479 |
46.785 |
41.216 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
69.687 |
68.141 |
39.433 |
|
(b) Trade payables |
41.874 |
38.591 |
24.131 |
|
(c) Other current liabilities |
14.556 |
17.734 |
16.366 |
|
(d) Short-term provisions |
0.664 |
0.978 |
0.273 |
|
Total
Current Liabilities (4) |
126.781 |
125.444 |
80.203 |
|
|
|
|
|
|
TOTAL |
217.148 |
218.499 |
164.973 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
92.397 |
97.726 |
32.202 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
39.788 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.572 |
|
(d) Long-term Loan and Advances |
11.189 |
10.018 |
10.375 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
103.586 |
107.744 |
82.937 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
5.109 |
0.000 |
0.000 |
|
(b) Inventories |
72.663 |
59.805 |
47.883 |
|
(c) Trade receivables |
32.711 |
37.722 |
30.518 |
|
(d) Cash and cash equivalents |
0.737 |
11.998 |
0.636 |
|
(e) Short-term loans and
advances |
2.342 |
1.230 |
2.999 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
113.562 |
110.755 |
82.036 |
|
|
|
|
|
|
TOTAL |
217.148 |
218.499 |
164.973 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
274.704 |
226.003 |
235.337 |
|
|
Other Income |
2.211 |
1.858 |
1.836 |
|
|
TOTAL
|
276.915 |
227.861 |
237.173 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
151.979 |
138.419 |
160.139 |
|
|
Purchases of Stock-in-Trade |
15.995 |
21.490 |
11.197 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.299) |
(10.126) |
(11.867) |
|
|
Employees benefits expense |
42.176 |
35.430 |
28.503 |
|
|
Exceptional Items |
0.000 |
(9.384) |
0.000 |
|
|
Other expenses |
43.255 |
31.775 |
32.507 |
|
|
TOTAL |
248.106 |
207.604 |
220.479 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
28.809 |
20.257 |
16.694 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
10.813 |
9.376 |
5.634 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
17.996 |
10.881 |
11.060 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
8.201 |
5.799 |
2.724 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
9.795 |
5.082 |
8.336 |
|
|
|
|
|
|
|
Less |
TAX |
3.177 |
2.366 |
2.338 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
6.618 |
2.716 |
5.998 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
39.270 |
36.554 |
30.556 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
45.888 |
39.270 |
36.554 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
94.54 |
38.79 |
85.68 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
8.729 |
9.520 |
8.859 |
|
Cash generated from operations |
(9.870) |
0.004 |
NA |
|
Net cash flow from operating activity |
15.238 |
9.901 |
46.379 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
43.46 |
60.92 |
47.33 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.40 |
5.99 |
7.71 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
90.99 |
88.09 |
51.41 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.40 |
0.34 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.31 |
0.21 |
0.23 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.77 |
0.82 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.10 |
2.62 |
2.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.40 |
2.71 |
1.84 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.75 |
2.11 |
1.65 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.66 |
2.16 |
2.96 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.41 |
1.20 |
2.55 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.05 |
1.24 |
3.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
12.51 |
5.87 |
13.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.90 |
0.88 |
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.32 |
0.41 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.24 |
0.21 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
15.87 |
17.30 |
12.59 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.90 |
0.88 |
1.02 |
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 |
7.000 |
7.000 |
7.000 |
|
Reserves & Surplus |
36.554 |
39.270 |
45.888 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
43.554 |
46.270 |
52.888 |
|
|
|
|
|
|
Long Term borrowings |
39.831 |
43.407 |
32.668 |
|
Short Term borrowings |
39.433 |
68.141 |
69.687 |
|
Current Maturities of Long term debt |
8.859 |
9.520 |
8.729 |
|
Total
borrowings |
88.123 |
121.068 |
111.084 |
|
Debt/Equity
ratio |
2.023 |
2.617 |
2.100 |
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
|
235.337 |
226.003 |
274.704 |
|
|
|
(3.966) |
21.549 |
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
|
235.337 |
226.003 |
274.704 |
|
Profit |
5.998 |
2.716 |
6.618 |
|
|
2.55% |
1.20% |
2.41% |
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 |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION:
Subject was incorporated on 29th December,
1982 and the Company commenced its operation from 29th December,
1982. The
subject is engaged in the trading and manufacturing of products like Ladders,
Kitchen appliances and Ironing tables.
STATEMENT OF
AFFAIRS:
The highlights of
the Company’s performance are as under:
Revenue from operations from INR 226.003 Million to INR 274.704 Million.
Net profit has increased to INR 6.618 Million from INR 2.716 Million.
UNSECURED LOAN
|
UNSECURED LOAN |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and Advances from related parties |
10.000 |
12.000 |
|
|
|
|
|
Total |
10.000 |
12.000 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G77018646 |
100154808 |
KOTAK MAHINDRA PRIME LIMITED |
30/01/2018 |
- |
- |
1380000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN |
|
2 |
G76920412 |
100154801 |
KOTAK MAHINDRA PRIME LIMITED |
30/12/2017 |
- |
- |
1294000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN |
|
3 |
C41183161 |
10544518 |
ING VYSYA BANK LIMITED |
26/11/2014 |
- |
- |
700000.0 |
No 40,Foundation House, CKC GardenMission RoadBangaloreKA560001IN |
|
4 |
B89223820 |
10459395 |
ING VYSYA BANK LIMITED |
21/09/2013 |
- |
- |
700000.0 |
Foundation House No.- 40, 2nd Main Road,2nd Floor,CKC Garden Near Mission Road,BangaloreKA560027IN |
|
5 |
C57666554 |
10427559 |
KOTAK MAHINDRA BANK LIMITED |
28/03/2013 |
25/05/2015 |
- |
118500000.0 |
22,HARA CHAMBERS,K.H.ROAD,(DOUBLE ROAD),BANGALOREKA560027IN |
|
6 |
G81003279 |
10285625 |
CITI BANK N.A. |
28/04/2011 |
17/07/2012 |
28/02/2018 |
48000000.0 |
506-507, Level 5, Prestige Meridian 2,No.30, M.G. Road,BangaloreKA560001IN |
|
7 |
B17915737 |
80015226 |
Punjab & Sind Bank |
23/09/1998 |
21/04/2010 |
10/07/2011 |
22000000.0 |
78/1, J.C. Road,BangaloreKA560002IN |
FIXED ASSETS
- Leasehold Land
- Building
- Plant and Machinery
- Furniture and Fixture
- Electrical Installations
- Office Equipment
- Vehicles
- Computers and Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 68.38 |
|
|
1 |
INR 91.44 |
|
Euro |
1 |
INR 80.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
NSR |
|
|
|
|
Report Prepared
by : |
SUJ |
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 |
NO |
|
--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.