|
|
|
MIRA INFORM REPORT
|
Report No. : |
511126 |
|
Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BARAMATI CATTLEFEEDS PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
Plot No. E 248, MIDC, Opposite Soma Textiles, Baramati-413133, Maharashtra |
|
Tel. No.: |
91-2112-243634/ 243834/ 243682 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
12.07.1993 |
|
|
|
|
Com. Reg. No.: |
11-072806 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 30.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01211MH1993PTC072806 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB7300H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
Subject is engaged in only one business reporatble segment i.e. Manufacturing and Supply of Cattlefeeds and also operates in single geographical segment being the domestic sales. (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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company incorporated in the year 1993 and it is having good track records. For the financial year 2017, the company has increased its revenue from operations as compared to previous year and maintained decent profitability margin of 6.14%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and low debt balance sheet. Further, rating also derives strength from its established track record of business operations and improvement in the revenue as well as profitability profile during the year. Trade relations are reported as fair. Business is active. Payment terms are seems to be regular. In view of the 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.
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 28.05.2018
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: 91-2112-243634 /
243834
LOCATIONS
|
Registered Office : |
Plot No. E 248, MIDC, Opposite Soma Textiles, Baramati-413133, Maharashtra, India |
|
Tel. No.: |
91-2112-243634/ 243834/ 243682 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Hambirrao Bandoba Mane |
|
Designation : |
Director |
|
Address : |
19, M. R. Bhilare Estate, Near Hill Rango Highschool, Panchagani, Satara-412805, Maharashtra, India |
|
Date of Birth/Age : |
15.10.1933 |
|
Qualification : |
CWA |
|
Date of Appointment : |
12.07.1993 |
|
PAN No.: |
ABOPM9967F |
|
DIN No.: |
00661351 |
|
|
|
|
Name : |
Mr. Sachin Hambirrao Mane |
|
Designation : |
Managing Director |
|
Address : |
Nakshatra, Bhigwan Road, Behind Tejas Palace, Pune-413102, Maharashtra, India |
|
Date of Birth/Age : |
26.12.1963 |
|
Qualification : |
CA |
|
Date of Appointment : |
26.07.1993 |
|
PAN No.: |
ABYPM5358G |
|
DIN No.: |
00661372 |
|
|
|
|
Name : |
Mr. Nitin Hambirrao Mane |
|
Designation : |
Director |
|
Address : |
Hindustan Feeds L-4, Additional MIDC, Satara-415004, Maharashtra, India |
|
Date of Birth/Age : |
13.09.1961 |
|
Qualification : |
Engineer |
|
Date of Appointment : |
12.07.1993 |
|
PAN No.: |
ABEPM6560C |
|
DIN No.: |
02268453 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Mane Bandoba Hambirrao |
|
118260 |
|
Mane Hambirrao Nitin |
|
82760 |
|
Mane Hambirrao Sachin |
|
61768 |
|
Mane Sachin Shubhangi |
|
3120 |
|
Mane Nitin Nikita. |
|
2400 |
|
Mane Bandoba Dilip |
|
2352 |
|
Mane Lalasaheb Vandana |
|
6000 |
|
Raje Ganpatrao Yadavrao |
|
1200 |
|
Deshmukh Ulhas Shailaja |
|
600 |
|
Darekar Raghunath Dattatraya |
|
4800 |
|
Shinde Shivajrao Jamuna |
|
2400 |
|
Raite Jagnath Pramod |
|
3000 |
|
Mane Hambirrao Pushpavati |
|
8940 |
|
Phadtare Keshavrao Parag |
|
2400 |
|
Total |
|
300000 |
Equity Share Break up (Percentage of Total Equity)
As on 11.08.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
87.60 |
|
Public – (Individual/ Hindu
Undivided Family – Indian |
12.40 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in only one business reporatble segment i.e. Manufacturing and Supply of Cattlefeeds and also operates in single geographical segment being the domestic sales. (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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
Baramati Branch, Shreeyash Building, Bhigwan Road, Baramati-413102,
Maharashtra, India |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
VG Dadhe and Company Chartered Accountants |
|
Address : |
Flat No 9, Yashoda Niwas, Sheela Vihar Colony, Opposite Hotel Yatri Karve Road, Kothrud, Pune-411038, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFV9243Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related parties : |
Hindustan Feeds Manufacturing Company, India |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
INR 100/- each |
INR 30.000
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 |
30.000 |
30.000 |
30.000 |
|
(b) Reserves and Surplus |
653.408 |
531.144 |
452.922 |
|
(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) |
683.408 |
561.144 |
482.922 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
79.328 |
0.000 |
1.502 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
23.764 |
20.623 |
15.997 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
103.092 |
20.623 |
17.499 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
75.975 |
112.279 |
0.000 |
|
(b) Trade
payables |
49.759 |
20.905 |
52.671 |
|
(c) Other
current liabilities |
62.352 |
41.752 |
41.371 |
|
(d) Short-term
provisions |
145.125 |
101.346 |
97.466 |
|
Total Current
Liabilities (4) |
333.211 |
276.282 |
191.508 |
|
|
|
|
|
|
TOTAL |
1119.711 |
858.049 |
691.929 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
314.685 |
88.304 |
89.339 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.275 |
26.473 |
14.542 |
|
(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) |
(4.399) |
2.631 |
0.470 |
|
(d)
Long-term loans and advances |
4.044 |
2.492 |
1.892 |
|
(e) Other Non-current
assets |
123.966 |
231.744 |
232.543 |
|
Total Non-Current
Assets |
438.571 |
351.644 |
338.786 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
40.117 |
|
(b)
Inventories |
421.554 |
299.393 |
134.143 |
|
(c) Trade
receivables |
78.768 |
47.638 |
43.017 |
|
(d) Cash and
bank balances |
7.268 |
5.309 |
12.585 |
|
(e)
Short-term loans and advances |
22.149 |
17.422 |
0.818 |
|
(f) Other
current assets |
151.401 |
136.643 |
122.463 |
|
Total
Current Assets |
681.140 |
506.405 |
353.143 |
|
|
|
|
|
|
TOTAL |
1119.711 |
858.049 |
691.929 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
2869.632 |
2454.595 |
2279.026 |
|
|
Other Income |
22.770 |
27.313 |
20.210 |
|
|
TOTAL |
2892.402 |
2481.908 |
2299.236 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2341.463 |
2013.220 |
1733.812 |
|
|
Purchases of
Stock-in-Trade |
7.895 |
18.623 |
66.807 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.079) |
1.391 |
(4.450) |
|
|
Employee benefit expense |
119.012 |
98.292 |
86.332 |
|
|
CSR expenditure |
5.769 |
2.804 |
3.226 |
|
|
Other expenses |
122.227 |
97.088 |
165.667 |
|
|
TOTAL |
2596.287 |
2231.418 |
2051.394 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
296.115 |
250.490 |
247.842 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.325 |
5.102 |
1.223 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
288.790 |
245.388 |
246.619 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.372 |
13.820 |
16.206 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
274.418 |
231.568 |
230.413 |
|
|
|
|
|
|
|
Less |
TAX |
97.994 |
81.132 |
78.361 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
176.424 |
150.436 |
152.052 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
11.144 |
2.422 |
2.071 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
120.000 |
69.500 |
81.000 |
|
|
Interim dividends on equity
shares |
0.000 |
45.000 |
45.000 |
|
|
Proposed final dividend on
equity shares |
45.000 |
15.000 |
15.000 |
|
|
Tax on dividend |
9.161 |
12.214 |
10.701 |
|
|
Total
|
174.161 |
141.714 |
151.701 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
13.407 |
11.144 |
2.422 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
588.00 |
501.00 |
506.84 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
197.502 |
0.537 |
199.075 |
|
Net cash flows from (used in) operating activities |
105.690 |
(81.911) |
119.050 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
10.02 |
7.08 |
6.89 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
36.43 |
51.53 |
52.98 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
7.73 |
3.76 |
10.68 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.70 |
0.84 |
1.85 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.94 |
2.18 |
2.39 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.37 |
0.32 |
0.28 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.23 |
0.20 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.49 |
0.49 |
0.40 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.46 |
0.20 |
0.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
40.43 |
49.10 |
202.65 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
6.15 |
6.13 |
6.67 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
15.76 |
17.53 |
21.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
25.82 |
26.81 |
31.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.04 |
1.83 |
1.84 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.78 |
0.75 |
1.14 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.61 |
0.65 |
0.70 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.18 |
3.74 |
0.05 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.04 |
1.83 |
1.84 |
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 |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
452.922 |
531.144 |
653.408 |
|
Net
worth |
482.922 |
561.144 |
683.408 |
|
|
|
|
|
|
Long Term borrowings |
1.502 |
0.000 |
79.328 |
|
Short Term borrowings |
0.000 |
112.279 |
75.975 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1.502 |
112.279 |
155.303 |
|
Debt/Equity
ratio |
0.003 |
0.200 |
0.227 |
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 |
2279.026 |
2454.595 |
2869.632 |
|
|
0.000 |
7.704 |
16.909 |
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 |
2279.026 |
2454.595 |
2869.632 |
|
Profit/ (Loss) |
152.052 |
150.436 |
176.424 |
|
|
6.67
% |
6.13
% |
6.15
% |
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 |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS:
Profit after tax at INR 176.424 Million for the year has increased by 17 % as compared to Rs.150.436 Million in the previous year. Earning per equity share of face value of INR 100 correspondingly increased to INR 58.800 Million compared to INR 50.100 Million in previous year.
FUTURE PLANS: -
Company has installed new cattlefeed production unit having initial production capacity of 250 M.T. per day at Shrirampur M.I.D.C., Dist.: Ahmednagar. Production has started from 1st February 2017.
OUTLOOK FOR THE
COMPANY:-
The Company remains resolute in its objective to pursue the path of profitable and sustainable growth, maximizing operational efficiencies and striving to attain the highest standards of quality, safety and productivity. The overall outlook for the Company continues to be positive and the management remains optimistic with regards to continued profitable growth.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G38777389 |
100084451 |
IDBI Bank Limited |
20/02/2017 |
- |
- |
24900000.0 |
IDBI Bank Ltd. : C S No.232Gojubavi, BARAMATI.(Tal) PuneBARAMATIMH413102IN |
|
2 |
G07966567 |
100039975 |
UNION BANK OF INDIA LIMITED |
18/12/2015 |
- |
- |
22500000.0 |
Baramati Branch, Shreeyash BuildingBhigwan Road,BaramatiMH413102IN |
|
3 |
G74354580 |
100028598 |
Corporation Bank |
30/04/2016 |
- |
09/01/2018 |
90000000.0 |
4,5 & 6, Avdhoot PlazaBhigwan RoadBaramatiMH412103IN |
|
4 |
G48528707 |
100090425 |
IDBI Bank Limited |
27/02/2017 |
- |
05/07/2017 |
10500000.0 |
Vidya Pratishtan Building,Cinema Road,Indapur Chowk.; FB No..19BARAMATIMH413102IN |
|
5 |
G49071202 |
100082649 |
BANK OF MAHARASHTRA |
14/02/2017 |
- |
04/07/2017 |
16200000.0 |
Pencil Chowk, MIDC,Bhigwan Road, Rui, BARAMATIBARANATIMH413133IN |
|
6 |
G49051923 |
100038958 |
DENA BANK |
02/03/2016 |
- |
01/07/2017 |
16200000.0 |
BaramatiBaramatiMH413102IN |
|
7 |
C60943040 |
10169924 |
CORPORATION BANK LIMITED |
15/07/2009 |
- |
17/07/2015 |
9000000.0 |
AVDHOOT PLAZABHIGWAN ROADBARAMATIMH413102IN |
|
8 |
A67258814 |
80010012 |
STATE BANK OF INDIA |
25/03/2003 |
21/10/2003 |
20/07/2009 |
18565000.0 |
MIDC BARAMATI BRANCHBARAMATIMH413102IN |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
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 : |
SPR |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
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.