|
|
|
MIRA INFORM REPORT
|
Report No. : |
511924 |
|
Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
GAJUMAL MULCHAND FRUITS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
24, New Fruit Market, Naroda Road, Ahmadabad – 380025, Gujarat |
|
Tel. No.: |
91-79-22204120 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.03.1997 |
|
|
|
|
Com. Reg. No.: |
04-031978 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 2.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15499GJ1997PTC031978 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0800009681 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG3970C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Subject is engaged in the business of trading of fruits. (Registered activity) |
|
|
|
|
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1997 and it
is having satisfactory track records. For the financial year 2017, the company has increased its revenue
from operations as compared to previous year but maintained minimal
profitability margin of 0.44%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base. Further, rating derives strength from its long standing track records
of business operations and improvement in the revenue as well as
profitability profile during the year. However, rating strength is partially offset by excess of borrowing
recorded during the year and intense competition from the market. Trade relations are reported as fair. Business is active. Payments are
seems to be slow but 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.
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: Tel. No.:
91-79-22204120
LOCATIONS
|
Registered Office : |
24, New Fruit Market, Naroda Road, Ahmadabad – 380025, Gujarat, India |
|
Tel. No.: |
91-79-22204120/22 |
|
Mobile No.: |
91-9879761677 (Mr. Vishal R. Wadhva) |
|
Fax No.: |
91-79-22204122/993 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 sq. ft. (Approximately) |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse: |
Shed No.8, 34, 86, 87, New Fruit Market, Naroda Road, Ahmedabad –
380025, Gujarat, India |
DIRECTORS
As on 2018
|
Name : |
Mr. Ramchand Gajumal Wadhwa |
|
Designation : |
Director |
|
Address : |
9/A, Shrinagar Society, Behind Telecom Colony, Bhairavnath Road,
Maninagar, Ahmadabad – 380 022, Gujarat, India |
|
Date of Birth/Age : |
06.11.1961 |
|
Qualification : |
11Std. Pass |
|
Date of Appointment : |
26.03.1997 |
|
PAN No.: |
AAIPW2876J |
|
DIN No.: |
00431833 |
|
|
|
|
Name : |
Mr. Dhiraj Ramchand Vadhwa |
|
Designation : |
Director |
|
Address : |
9/A, Shrinagar Society, Behind Telecom Colony, Bhairavnath Road,
Maninagar, Ahmadabad – 380 022, Gujarat, India |
|
Date of Birth/Age : |
26.12.1982 |
|
Qualification : |
BBA |
|
Date of Appointment : |
01.11.2000 |
|
PAN No.: |
AAIPW2873P |
|
DIN No.: |
00432155 |
|
|
|
|
Name : |
Lakhmichand Gajumal Wadhva |
|
Designation : |
Director |
|
Address : |
A-9, Shanti Bunglows, Shrinagar Society, Opposite Pushpkunj Society, Bhairavnath Road, Maninagar, Ahmedabad - 380028, Gujarat, India |
|
Date of Birth/Age : |
05.12.1951 |
|
Qualification : |
B.Com. |
|
Date of Appointment : |
02.12.2013 |
|
PAN No.: |
AAIPW3503C |
|
DIN No.: |
00432300 |
|
|
|
|
Name : |
Mr. Vishal Ramchand Vadhwa |
|
Designation : |
Director |
|
Address : |
9/A, Shrinagar Society, Behind Telecom Colony, Bhairavnath Road,
Maninagar, Ahmadabad – 380 022, Gujarat, India |
|
Date of Birth/Age : |
24.12.1984 |
|
Qualification : |
BCA |
|
Date of Appointment : |
05.03.2007 |
|
PAN No.: |
AAOPW5900H |
|
DIN No.: |
01828052 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ramchand Gajumal Vadhwa |
|
50000 |
|
Kanaiylalal Gajuma Vadhwa |
|
5000 |
|
Mahiniben Lakhmichand Vadhwa |
|
10000 |
|
Aartiben Ramchand Vadhwa |
|
10000 |
|
Sunita Kanaiylalal Vadhwa |
|
10000 |
|
Lakhmichand Gajumal Vadhwa HUF |
|
10 |
|
Ashmi Vadhwa |
|
10000 |
|
Vishal Ramchand Vadhwa |
|
50000 |
|
Ramchand Gajumal HUF |
|
10 |
|
Vishal Ramchand Vadhwa HUF |
|
10 |
|
Dhiraj Ramchand HUF |
|
10 |
|
Dhiraj Ramchand Vadhwa |
|
50000 |
|
Vinita Vadhwa |
|
4860 |
|
Shantaben Vadhwa |
|
10 |
|
Vadhwa Family Trust |
|
10 |
|
Gajumal Mulchand HUF |
|
10 |
|
Gajumal Family Trust |
|
10 |
|
Lakhmichand Gajumal Vadhwa |
|
50000 |
|
Preeti Vijay Chawla |
|
10 |
|
Kanaiylalal Gajuma Vadhwa HUF |
|
10 |
|
Shrunali Kanaiylalal Vadhwa |
|
10 |
|
Anshita Kanaiylalal Vadhwa |
|
10 |
|
Poonam Manoj Meghrajani |
|
10 |
|
Pooja Satish Uderdani |
|
10 |
|
Total |
|
250000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
99.98 |
|
Promoter – Others |
0.01 |
|
Public – (Individual/ Hindu
Undivided Family – Indian |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in the business of trading of fruits. (Registered activity) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Khimani and Company Chartered Accountants |
|
Address : |
713, Span Trade Centre, Opposite Kochrab Ashram, Paldi, Ahmedabad –
380007, Gujarat, India |
|
Tel. No: |
91-79-40391112/ 26581212 |
|
Mobile No.: |
91-9374022455 |
|
Email : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ASBPK1984G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related parties : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 10/- each |
INR 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 10/- each |
INR 2.500 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 |
2.500 |
2.500 |
2.500 |
|
(b) Reserves & Surplus |
39.020 |
32.777 |
27.693 |
|
(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) |
41.520 |
35.277 |
30.193 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
289.893 |
292.694 |
286.230 |
|
(b) Trade payables |
140.196 |
65.165 |
79.420 |
|
(c) Other current liabilities |
1.743 |
1.184 |
0.077 |
|
(d) Short-term provisions |
0.156 |
0.771 |
0.326 |
|
Total
Current Liabilities (4) |
431.988 |
359.814 |
366.053 |
|
|
|
|
|
|
TOTAL |
473.508 |
395.091 |
396.246 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
13.984 |
14.833 |
13.622 |
|
(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) |
0.602 |
0.717 |
0.725 |
|
(d) Long-term Loan and Advances |
0.014 |
0.014 |
0.014 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
14.605 |
15.569 |
14.366 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
51.200 |
16.027 |
0.000 |
|
(c) Trade receivables |
308.078 |
273.248 |
275.928 |
|
(d) Cash and cash equivalents |
5.724 |
2.552 |
10.237 |
|
(e) Short-term loans and
advances |
89.090 |
82.767 |
91.415 |
|
(f) Other current assets |
4.811 |
4.928 |
4.300 |
|
Total
Current Assets |
458.903 |
379.522 |
381.880 |
|
|
|
|
|
|
TOTAL |
473.508 |
395.091 |
396.246 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1391.747 |
927.763 |
921.282 |
|
|
Other Income |
0.745 |
0.778 |
1.011 |
|
|
TOTAL
|
1392.492 |
928.541 |
922.293 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
1339.459 |
876.745 |
863.064 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(35.173) |
(16.027) |
0.000 |
|
|
Employees benefits expense |
11.373 |
11.57 |
11.074 |
|
|
Other expenses |
25.269 |
12.297 |
8.906 |
|
|
TOTAL |
1340.928 |
884.585 |
883.044 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
51.564 |
43.956 |
39.249 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
39.357 |
33.509 |
30.538 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
12.207 |
10.447 |
8.711 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
2.687 |
2.924 |
3.432 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
9.520 |
7.523 |
5.279 |
|
|
|
|
|
|
|
Less |
TAX |
3.277 |
2.439 |
1.635 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
6.243 |
5.084 |
3.644 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
876.745 |
863.064 |
|
|
TOTAL
IMPORTS |
NA |
876.745 |
863.064 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
24.97 |
20.33 |
14.58 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
10.830 |
(18.032) |
NA |
|
Net cash flows from (used in) operating activities |
47.025 |
22.748 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
80.80 |
107.50 |
109.32 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.52 |
3.40 |
3.34 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
38.20 |
27.13 |
33.59 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.01 |
2.74 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
3.69 |
2.96 |
2.88 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.91 |
0.91 |
0.92 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /
Networth) |
6.98 |
8.30 |
9.48 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
10.40 |
10.20 |
12.12 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.34 |
0.42 |
0.45 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.31 |
1.31 |
1.29 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.45 |
0.55 |
0.40 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.32 |
1.29 |
0.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
15.04 |
14.41 |
12.07 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.06 |
1.05 |
1.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.94 |
1.01 |
1.04 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.09 |
0.09 |
0.08 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
115.96 |
117.08 |
114.49 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.06 |
1.05 |
1.04 |
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 |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
27.693 |
32.777 |
39.020 |
|
Net
worth |
30.193 |
35.277 |
41.520 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
286.230 |
292.694 |
289.893 |
|
Total
borrowings |
286.230 |
292.694 |
289.893 |
|
Debt/Equity
ratio |
9.480 |
8.297 |
6.982 |
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
|
921.282 |
927.763 |
1391.747 |
|
|
|
0.703 |
50.011 |
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
|
921.282 |
927.763 |
1391.747 |
|
Profit |
3.644 |
5.084 |
6.243 |
|
|
0.40% |
0.55% |
0.45% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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 |
STATE OF COMPANY'S
AFFAIRS
During the year, the total Income of the Company was INR 1392.492 Million, as against INR 928.541 Million in the previous year which shows the increase in revenue by 49.97 %. During the period, The Company has earned a Profit after tax of INR 6.243 Million as compared to INR 5.084 Million profits earned in the previous year which shows the increase by 22.80 % during the year under report.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term borrowings |
|
|
|
Loans and advances from directors |
3.936 |
0.000 |
|
Loans and advances from others |
135.861 |
0.000 |
|
Loan from Director |
0.000 |
4.579 |
|
Loan from Director Relatives and Friends |
0.000 |
132.090 |
|
Total |
139.797 |
136.669 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G68324912 |
10230557 |
HDFC BANK LIMITED |
30/06/2010 |
31/08/2017 |
- |
385000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G63648869 |
10163060 |
HDFC BANK LIMITED |
01/06/2009 |
04/09/2017 |
- |
370000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
A64579311 |
10003039 |
STATE BANK OF INDIA |
25/04/2006 |
13/06/2006 |
06/06/2009 |
9935000.0 |
NARODA ROAD BRANCHNARODAAHMEDABADGJ380025IN |
|
4 |
A64567787 |
80009530 |
STATE BANK OF INDIA |
31/10/2005 |
22/05/2008 |
05/06/2009 |
24700000.0 |
NARODA ROAD BRANCHNARODAAHMEDABADGJ380025IN |
|
5 |
Y10191430 |
90101738 |
THE MADHUPURA MERCANTILE CO-OP. BANK LTD. |
30/04/1997 |
20/12/1999 |
23/04/2004 |
12500000.0 |
NARODA ROAD BRANCHAHMEDABADGJ382330IN |
|
6 |
Y10191486 |
90101794 |
THE MADHUPURA MERCANTILE CO-OP. BANK LTD. |
03/12/1997 |
- |
11/08/1998 |
138000.0 |
NARODA ROAD BRANCHAHMEDABADGJ382330IN |
FIXED ASSETS
- Buildings
- Office building
- Factory equipments
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 68.26 |
|
|
1 |
INR 91.21 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
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 |
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.