|
|
|
MIRA INFORM REPORT
|
Report No. : |
510848 |
|
Report Date : |
31.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
TECHNOVINYL POLYMERS INDIA LIMITED |
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|
|
|
Registered
Office : |
Filix 901-C1, 9th Floor, Opposite Asian Paints, L.B.S. Road, Bhandup (West), Mumbai – 400078, Maharashtra |
|
Tel. No.: |
91-22-61721888 |
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|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2017 |
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|
|
Date of
Incorporation : |
19.06.1992 |
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|
|
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Com. Reg. No.: |
11-067303 |
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|
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Capital
Investment / Paid-up Capital : |
INR 6.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1992PLC067303 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AABCT0164G |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Hi Performance P.V.C. Compounds and Speciality
Polymers. [Registered
Activity] |
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|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1992 and it is having a satisfactory track record. For the financial year 2017, the company has achieved marginal growth in its revenue as compared to its previous year along with average profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and comfortable debt coverage indicators. Rating continue to derive strength from experienced management, long track record of operations resulting in established relationship with the reputed clients across diversified end-user industries. However, these rating strengths gets partially offset by working capital intensive nature of operations and inherent industry risk characterized by volatility associated with the raw material prices and foreign exchange rate along with the highly competitive and fragmented nature of the industry. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealing at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating= BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
30.03.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating= A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
30.03.2018 |
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 31.05.2018
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 BY
|
Name : |
Mr. Jiggar Thakkar |
|
Designation : |
Marketing Head |
|
Contact No.: |
91-9322266143 |
|
Date : |
23.05.2018 |
LOCATIONS
|
Registered/ Administrative Office : |
Filix 901-C1, 9th Floor, Opposite Asian Paints,
L.B.S. Road, Bhandup (West), Mumbai – 400078, Maharashtra, India |
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Tel. No.: |
91-22-61721888 (100 Lines) |
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Fax No.: |
91-22-61721800 |
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E-Mail : |
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Website : |
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Factory 1: |
Plot No. 83, Government Industrial Estate, Village Masat, Silvassa
– 396230, Dadra and Nagar Haveli, India |
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Factory 2: |
Plot No. 59/10/01, Khanvel Silvassa Road, Village Masat, Silvassa – 396230, (UT), Dadra and Nagar Haveli, India |
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Tel. No.: |
91-260-3207239 |
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Factory 3: |
14, Amli Industrial Estate, Amli, Silvassa – 396230, (UT), Dadra and Nagar Haveli, India |
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Factory 4: |
Extruded Profiles Manufacturing Unit Plot No. D-106, MIDC Ranjangaon, Pune Nagar Road, District Pune – 412209, Maharashtra, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Kirit Gokaldas Chandan |
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|
Designation : |
Managing Director |
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|
Address : |
603/604, Mount View Co-operative Housing Society, Off Devidayal Road,
Mulund (West), Mumbai – 400080, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
13.01.1960 |
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Date of Appointment : |
01.04.2010 |
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DIN No.: |
00536173 |
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Other Directorship:
|
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|
Name : |
Ms. Priti Gokaldas Chandan |
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Designation : |
Director |
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|
Address : |
603/604, Mount View Co-operative Housing Society, Off Devidayal Road, Mulund
(West), Mumbai – 400080, Maharashtra, India
|
||||||||||||
|
Date of Birth/Age : |
06.01.1964 |
||||||||||||
|
Date of Appointment : |
01.01.2016 |
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DIN No.: |
00535703 |
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Other Directorship:
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|
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|
Name : |
Mrs. Deviben Gokaldas Chandan |
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Designation : |
Director |
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|
Address : |
603/604, Mount View Co-operative Housing Society, Off Devidayal Road,
MulundWest), Mumbai – 400080, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
20.06.1937 |
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Date of Appointment : |
19.06.1992 |
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DIN No.: |
00535893 |
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Other Directorship:
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|
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|
Name : |
Mrs. Tejal Kirit Chandan |
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|
Designation : |
Director |
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|
Address : |
603/604, Mount View Co-operative Housing Society, Off Devidayal Road,
Mulund (West), Mumbai – 400080, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
05.10.1967 |
||||||||||||
|
Date of Appointment : |
01.01.2016 |
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DIN No.: |
00536290 |
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Other Directorship:
|
|||||||||||||
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|
||||||||||||
|
Name : |
Mr. Karan K. Chandan |
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|
Designation : |
Additional Director |
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|
Address : |
603, Mount View, Off Devidayal Road, Mulund (West), Mumbai – 400080,
Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
21.08.1987 |
||||||||||||
|
Date of Appointment : |
01.01.2016 |
||||||||||||
|
DIN No.: |
03352789 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Jiggar Thakkar |
|
Designation : |
Marketing Head |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Kirit Gokaldas Chandan |
235010 |
|
Deviben Gokaldas Chandan |
154520 |
|
Tejal Kirit Chandan |
61940 |
|
Priti Gokaldas Chandan |
145010 |
|
Deepak P. Thakkar |
10 |
|
Lata D. Palan |
10 |
|
K.G. Chandan (HUF) |
3500 |
|
|
|
|
Total |
600000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Hi Performance P.V.C. Compounds and Speciality
Polymers. [Registered
Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Dayal and Lohia Chartered Accountants |
|
Address : |
Kamanwala Chambers, 1st Floor, Office Nos. 6 and 7, Sir P.M. Road, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-66372969-70 |
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Fax No.: |
91-22-66372949 |
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E-Mail : |
|
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PAN
No.: |
AAAFD1548C |
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|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
|
Other related parties : |
· Techno Ferrites · Holm KK Extrusions Private Limited · K K Plastics |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
INR 10/- each |
INR 6.000 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 |
6.000 |
6.000 |
6.000 |
|
(b) Reserves & Surplus |
338.399 |
283.957 |
232.945 |
|
(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) |
344.399 |
289.957 |
238.945 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
23.304 |
10.468 |
17.618 |
|
(b) Deferred tax liabilities (Net) |
7.547 |
8.683 |
8.835 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
5.156 |
3.282 |
2.948 |
|
Total Non-current
Liabilities (3) |
36.007 |
22.433 |
29.401 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
111.291 |
101.496 |
120.257 |
|
(b) Trade
payables |
49.638 |
35.670 |
34.153 |
|
(c) Other current
liabilities |
8.242 |
6.161 |
6.994 |
|
(d) Short-term
provisions |
3.025 |
9.622 |
5.896 |
|
Total Current
Liabilities (4) |
172.196 |
152.949 |
167.300 |
|
|
|
|
|
|
TOTAL |
552.602 |
465.339 |
435.646 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
115.501 |
83.633 |
89.641 |
|
(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 |
1.848 |
1.848 |
1.848 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
1.318 |
1.453 |
1.677 |
|
(e) Other Non-current
assets |
4.278 |
4.018 |
3.759 |
|
Total Non-Current
Assets |
122.945 |
90.952 |
96.925 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
205.417 |
151.272 |
165.696 |
|
(c) Trade
receivables |
155.923 |
180.623 |
135.211 |
|
(d) Cash
and cash equivalents |
5.201 |
1.885 |
2.487 |
|
(e)
Short-term loans and advances |
39.880 |
30.941 |
29.739 |
|
(f) Other
current assets |
23.236 |
9.666 |
5.588 |
|
Total
Current Assets |
429.657 |
374.387 |
338.721 |
|
|
|
|
|
|
TOTAL |
552.602 |
465.339 |
435.646 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
706.963 |
695.894 |
607.591 |
|
|
|
|
Other Income |
0.704 |
1.178 |
0.408 |
|
|
|
|
TOTAL |
707.667 |
697.072 |
607.999 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
500.678 |
505.880 |
435.718 |
|
|
|
|
Changes in inventories of finished
goods |
(10.147) |
6.230 |
(0.589) |
|
|
|
|
Excise duty difference on stock of finished goods (Net) |
1.127 |
(0.692) |
0.096 |
|
|
|
|
Employees benefits expense |
45.160 |
29.783 |
27.015 |
|
|
|
|
Other expenses |
64.650 |
46.402 |
12.075 |
|
|
|
|
(Excess)/short depreciation for earlier years reversed |
(0.017) |
(0.013 |
0.000 |
|
|
|
|
TOTAL |
601.451 |
587.590 |
474.315 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
106.216 |
109.482 |
133.684 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
12.831 |
15.525 |
40.104 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
93.385 |
93.957 |
93.580 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/ AMORTISATION |
11.680 |
11.853 |
19.726 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
81.705 |
82.104 |
73.854 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
27.263 |
29.647 |
23.188 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
54.442 |
52.457 |
50.666 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Sales |
8.027 |
5.887 |
3.203 |
|
|
|
TOTAL EARNINGS |
8.027 |
5.887 |
3.203 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
291.550 |
273.803 |
192.495 |
|
|
|
TOTAL IMPORTS |
291.550 |
273.803 |
192.495 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
90.74 |
87.43 |
84.44 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.073 |
0.297 |
1.010 |
|
Cash generated / (used in) operations |
81.419 |
73.258 |
75.829 |
|
Net cash generated from / (used in) operating activities |
47.639 |
47.151 |
46.218 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
80.50 |
94.74 |
81.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.53 |
3.85 |
4.49 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
36.19 |
25.74 |
28.61 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.52 |
0.72 |
0.81 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.92 |
1.31 |
1.49 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.35 |
0.35 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.39 |
0.39 |
0.58 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.50 |
0.53 |
0.70 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.34 |
0.29 |
0.38 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
8.28 |
7.05 |
3.33 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
7.70 |
7.54 |
8.34 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.85 |
11.27 |
11.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
15.81 |
18.09 |
21.20 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.50 |
2.45 |
2.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.30 |
1.46 |
1.03 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.62 |
0.62 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
22.44 |
18.71 |
23.15 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.50 |
2.45 |
2.02 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
6.000 |
6.000 |
6.000 |
|
Reserves & Surplus |
232.945 |
283.957 |
338.399 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
238.945 |
289.957 |
344.399 |
|
|
|
|
|
|
Long Term borrowings |
17.618 |
10.468 |
23.304 |
|
Short Term borrowings |
120.257 |
101.496 |
111.291 |
|
Current maturities of long term debt |
1.010 |
0.297 |
0.073 |
|
Total
borrowings |
138.885 |
112.261 |
134.668 |
|
Debt/Equity
ratio |
0.581 |
0.387 |
0.391 |
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
|
607.591 |
695.894 |
706.963 |
|
|
|
14.533 |
1.591 |
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
|
607.591 |
695.894 |
706.963 |
|
Profit/(Loss) |
50.666 |
52.457 |
54.442 |
|
|
8.34% |
7.54% |
7.70% |
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 |
Yes |
|
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 AND FUTURE
OUTLOOK:
The company producing specialty polymers supply to various segments,
though there is a stiff competition company continuous to maintain its
leadership position in the specialty business due to high quality products and
world class manufacturing facilities. The company is utilizing the resources
available to expand the basket of the customers. The company is able to
maintain profitability though competitive pressure on pricing and increase in
cost. During the year company’s PBT is INR 81.700 million as compare to INR
82.100 million in the previous year.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G76148493 |
100152726 |
KOTAK MAHINDRA BANK LIMITED |
15/01/2018 |
- |
- |
122500000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E), MUMBAI MA400051IN |
|
2 |
C35211861 |
10247760 |
DENA BANK |
21/08/2010 |
16/09/2014 |
- |
1500000.0 |
11, SURYA PRAKASH, M.G.ROAD, MULUND (WEST) MUMBAI MH400080IN |
|
3 |
C35208420 |
10249447 |
DENA BANK |
21/08/2010 |
15/09/2014 |
- |
1500000.0 |
11, SURYA PRAKASH, M.G.ROAD, MULUND (WEST) MUMBAI MH400080IN |
|
4 |
B40485070 |
80045355 |
DENA BANK |
16/04/2005 |
11/04/2011 |
- |
15000000.0 |
11, SURYA PRAKASH, M.G.ROAD, MULUND (WEST) MUMBAI MH400080IN |
|
5 |
A40787574 |
90164536 |
DENA BANK |
16/04/2005 |
29/04/2008 |
- |
150000.0 |
MULUND WEST BRANCH, 11, SURYA PRAKASH,M.G. ROAD, MULUND WEST MUMBAI MH400080IN |
|
6 |
Y10265384 |
90164137 |
DENA BANK |
27/04/2001 |
02/05/2001 |
- |
1463000.0 |
MULUNAD WEST BRANCH BOMBAY MH400080IN |
|
7 |
Y10264613 |
90163366 |
DENA BANK |
11/05/1996 |
- |
- |
600000.0 |
MULUNAD WEST BRANCH BOMBAY MH400080IN |
|
8 |
Y10264590 |
90163343 |
DENA BANK |
22/03/1996 |
22/03/1996 |
- |
4000000.0 |
MULUNAD WEST BRANCH BOMBAY MH400080IN |
|
9 |
C35209444 |
90162975 |
DENA BANK |
26/07/1994 |
16/09/2014 |
- |
26750000.0 |
11, SURYA PRAKASH, M.G.ROAD, MULUND (WEST) MUMBAI MH400080IN |
|
10 |
C35207679 |
90162906 |
DENA BANK |
06/04/1994 |
15/09/2014 |
- |
140000000.0 |
11, SURYA PRAKASH, M.G.ROAD, MULUND (WEST) MUMBAI MH400080IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Office Electric Fittings
·
CC Camera
·
Air Handling Unit A/c
·
Computer
·
Vehicles
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 91.22 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKT |
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.