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%20PRIVATE%20LIMITED%20-%20512407_MIRA%2031-May-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20512407_MIRA%2031-May-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20512407_MIRA%2031-May-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
512407 |
|
Report Date : |
31.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
CARGOCARE LOGISTICS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B1/316, Boomerang, 3rd Floor Chandivili Farms Road, Off
Saki Vihar Road Saki Naka, Andheri (East), Mumbai – 400072, Maharashtra |
|
Tel. No.: |
91-22-67808080 (100 Lines) / 28579086 / 28579087 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
08.05.2002 |
|
|
|
|
Com. Reg. No.: |
11-135804 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH2002PTC135804 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC8950F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged into logistics for clearing and forwarding activities. [Registered Activity] |
|
|
|
|
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2002. It act as a Clearing Agents, Shipping Agents, Steamer Agents, Container Agents and Freight Contractors. As per the financial records of 2017, the company has reported decline in its revenue as compared to previous year but has managed to maintain average profit margin of 2.34%. The rating takes into consideration the sound financial profile of the company marked by adequate networth base along with negligible debt coverage indicators. The company has favourable Earning per Share (EPS) of INR 392.50 against a face value (FV) of INR 10. However, rating strength are partially offset by unfavourable gap between trade payables and trade receivables. Business is active. Payment 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
India Rating |
|
Rating |
Long term Loans= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
25.07.2017 |
|
Rating Agency Name |
India Rating |
|
Rating |
Fund Based Limits= A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
25.07.2017 |
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. Sunil |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-67808080 |
|
Date : |
30.05.2018 |
Management Non-Cooperative (91-22-28579086)
LOCATIONS
|
Registered / Corporate
Office : |
B1/316, Boomerang, 3rd Floor Chandivili Farms Road, Off
Saki Vihar Road Saki Naka, Andheri (East), Mumbai – 400072, Maharashtra,
India |
|
Tel. No.: |
91-22-67808080 (100Lines) / 28579086 / 28579087 |
|
Fax No.: |
91-22 28579079 |
|
E-Mail : |
|
|
|
|
|
City Office : |
103, Birya House, Perin Nariman Street, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22624100 |
|
|
|
|
Branches and
Associate Offices: |
Cochin 2nd Floor, Lakshmi House, KPK Menon Road, West Island Cochin – 682003, Kerala, India Delhi L-321A, Nexxus House, Mahipalpur Extn., New Delhi – 110037, India Gujarat 37, Milan Park, Near Sandesh Press, Vastrapur, Ahmedabad, Gujarat, India Pune F/124, 1st Floor Ashoka Mall, Bundgarden Road, Pune – 411001, Maharashtra, India Tuticorine 26/9A, Kamraj Nagar, 2nd Street, 3rd Mail, Tuticorine –
628008 Tamilnadu, India |
|
|
|
|
Overseas Office : |
· USA · Europe · China |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Joy Varghese |
|
Designation : |
Director |
|
Address : |
601, Evershine Millenium Paradise, Building No 6, Kandivili (East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
05.05.1967 |
|
Date of Appointment : |
08.05.2002 |
|
DIN No.: |
00227896 |
|
PAN No.: |
ACVPP5868L |
|
|
|
|
Name : |
Joicy Varghese |
|
Designation : |
Director |
|
Address : |
Evershine Millennium Paradise, Building-16-601, Thakur Village, Kandivili (East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
24.12.1969 |
|
Date of Appointment : |
08.05.2002 |
|
DIN No.: |
02234262 |
|
PAN No.: |
ANGPP8588B |
KEY EXECUTIVES
|
Name : |
Mr. Sunil |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Joy Varghese |
25000 |
|
Joicy Varghese |
25000 |
|
|
|
|
Total |
50000 |
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 |
%20PRIVATE%20LIMITED%20-%20512407_MIRA%2031-May-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into logistics for clearing and forwarding activities. [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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|
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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 denied by the management |
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Bankers : |
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|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Nagendra Gupta and Company Chartered Accountants |
|
Address : |
106, Runwal Heights, LBS Road, Mulund (West), Mumbai – 400080,
Maharashtra, India |
|
Tel. No.: |
91-22-25600650 |
|
E-mail : |
|
|
PAN No.: |
AADFN4316P |
|
Membership No.: |
072220 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 10/- each |
INR 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 10/- each |
INR 0.500 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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
108.087 |
94.480 |
68.429 |
|
(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) |
108.587 |
94.980 |
68.929 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
4.909 |
14.653 |
14.791 |
|
(b) Deferred tax liabilities (Net) |
3.135 |
2.474 |
1.491 |
|
(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) |
8.044 |
17.127 |
16.282 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
27.495 |
4.378 |
5.726 |
|
(b) Trade
payables |
70.471 |
67.688 |
60.548 |
|
(c) Other
current liabilities |
8.463 |
5.247 |
6.456 |
|
(d) Short-term
provisions |
10.844 |
17.905 |
7.929 |
|
Total Current
Liabilities (4) |
117.273 |
95.218 |
80.659 |
|
|
|
|
|
|
TOTAL |
233.904 |
207.325 |
165.870 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
48.892 |
50.504 |
43.964 |
|
(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 |
10.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
1.441 |
0.617 |
0.883 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
60.333 |
51.121 |
44.847 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
123.525 |
86.063 |
104.654 |
|
(d) Cash
and cash equivalents |
26.600 |
43.803 |
1.039 |
|
(e)
Short-term loans and advances |
23.446 |
26.338 |
15.330 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
173.571 |
156.204 |
121.023 |
|
|
|
|
|
|
TOTAL |
233.904 |
207.325 |
165.870 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
838.756 |
944.836 |
621.786 |
|
|
|
Other Income |
0.317 |
0.110 |
0.347 |
|
|
|
TOTAL |
839.073 |
944.946 |
622.133 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct expenses |
733.169 |
844.526 |
563.072 |
|
|
|
Employees benefits expense |
52.046 |
39.832 |
21.979 |
|
|
|
Other Expenses |
17.929 |
14.668 |
10.542 |
|
|
|
TOTAL |
803.144 |
899.026 |
595.593 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
35.929 |
45.920 |
26.540 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.906 |
3.165 |
4.196 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.023 |
42.755 |
22.344 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
3.588 |
3.543 |
3.039 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
29.435 |
39.212 |
19.305 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.810 |
13.161 |
6.383 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
19.625 |
26.051 |
12.922 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (INR) |
392.50 |
521.02 |
258.43 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
6.098 |
1.508 |
5.165 |
|
Net Cash flow from (used in) operation |
19.685 |
65.179 |
10.853 |
|
Net cash flow from operating activities |
10.535 |
53.001 |
4.879 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
53.75 |
33.25 |
61.43 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.79 |
10.98 |
5.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.73 |
0.91 |
0.60 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.55 |
0.54 |
0.61 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.35 |
0.22 |
0.37 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.08 |
1.00 |
1.17 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.45 |
0.53 |
0.64 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
12.36 |
14.51 |
6.33 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
2.34 |
2.76 |
2.08 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.39 |
12.57 |
7.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
18.07 |
27.43 |
18.75 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.48 |
1.64 |
1.50 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.48 |
1.64 |
1.50 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.46 |
0.46 |
0.42 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
77.00 |
41.08 |
51.36 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.48 |
1.64 |
1.50 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
68.429 |
94.480 |
108.087 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
68.929 |
94.980 |
108.587 |
|
|
|
|
|
|
Long Term borrowings |
14.791 |
14.653 |
4.909 |
|
Short Term borrowings |
5.726 |
4.378 |
27.495 |
|
Current maturities of long term debt |
5.165 |
1.508 |
6.098 |
|
Total
borrowings |
25.682 |
20.539 |
38.502 |
|
Debt/Equity
ratio |
0.373 |
0.216 |
0.355 |
%20PRIVATE%20LIMITED%20-%20512407_MIRA%2031-May-2018_files/image022.gif)
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
|
621.786 |
944.836 |
838.756 |
|
|
|
51.955 |
(11.227) |
%20PRIVATE%20LIMITED%20-%20512407_MIRA%2031-May-2018_files/image024.gif)
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
|
621.786 |
944.836 |
838.756 |
|
Profit/(Loss) |
12.922 |
26.051 |
19.625 |
|
|
2.08% |
2.76% |
2.34% |
%20PRIVATE%20LIMITED%20-%20512407_MIRA%2031-May-2018_files/image026.gif)
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 |
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 |
NOTE: Registered office of the company has been shifted from D 2130 Oberoi Garden Estate Chandivali Farm Road, Chandivali Andheri (East), Mumbai- 400072, Maharashtra, India to the present address w.e.f. 31.10.2011
REVIEW OF
OPERATIONS/PROJECT STATUS:
The Company has undertaken various projects under its main object of Logistics for Clearing and Forwarding activities.
FINANCIAL
PERFORMANCE:
The Company has earned Profit of INR 19.625 million as on March 31, 2017 as compared to Profit of INR 26.051 million as on March 31, 2016.
FUTURE OUTLOOK:
The Directors are continuously looking for avenues for future growth of the Company.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G84053388 |
100124207 |
FEDERAL BANK LIMITED |
28/07/2017 |
22/03/2018 |
- |
92800000.0 |
93,94 AND 95 VENUS CHS, THAKUR VILLAGE, KANDIVLI EAST MUMBAI MH400101IN |
|
2 |
A73240616 |
10186098 |
KOTAK MAHINDRA BANK LIMITED |
19/11/2009 |
- |
- |
29000000.0 |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI MH400021IN |
|
3 |
G84861673 |
100139227 |
FEDERAL BANK LIMITED |
13/09/2017 |
- |
02/04/2018 |
16500000.0 |
93,94 AND 95 VENUS CHS, THAKUR VILLAGE, KANDIVLI EAST MUMBAI MH400101IN |
|
4 |
G53723136 |
10143143 |
THE CATHOLIC SYRIAN BANK LTD. |
31/01/2009 |
- |
08/09/2017 |
5000000.0 |
FORT MUMBAI BRANCH, MARSHALL BLDG ANNEX, S V MARG, BALLARD ESTATE, FORT, MUMBAI MH400001IN |
|
5 |
G53724308 |
10273663 |
THE CATHOLIC SYRIAN BANK LIMITED |
21/02/2011 |
- |
08/09/2017 |
7100000.0 |
FORT MUMBAI BRANCH, SHOORJI VALLABHDAS MARG, BALLARD ESTATE, MUMBAI MH400038IN |
|
6 |
G53724860 |
80019330 |
CATHOLIC SYRIAN BANK LIMITED |
03/03/2005 |
- |
08/09/2017 |
200000.0 |
FORT BRANCH MUMBAI MH400001IN |
|
7 |
G53701561 |
10089680 |
THE CATHOLIC SYRIAN BANK LTD |
19/02/2008 |
- |
08/09/2017 |
2500000.0 |
FORT BRANCH MUMBAI MH400001IN |
|
8 |
G53724555 |
10479475 |
THE CATHOLIC SYRIAN BANK LTD |
05/02/2014 |
- |
08/09/2017 |
5000000.0 |
BR.MARSHALL ANNEXE BUILDING SOORJI VALLABHDAS MARG, FORT MUMBAI MH400001IN |
|
9 |
G53723805 |
10192410 |
THE CATHOLIC SYRIAN BANK LIMITED |
17/12/2009 |
- |
08/09/2017 |
3400000.0 |
FORT MUMBAI BARNCHSHOORJI VALLBHDAS MARG, BALLARD ESTATE MUMBAI MH400038IN |
|
10 |
G53724936 |
80021706 |
THE CATHOLIC SYRIAN BANK LTD |
03/03/2005 |
01/11/2006 |
08/09/2017 |
2500000.0 |
FORT BRANCH MUMBAI MH400038IN |
FIXED ASSETS:
·
Furniture and Fixture
·
Premises / Warehouse
·
Computers and Software
·
Office Equipment
·
Motor Car
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 67.45 |
|
|
1 |
INR 89.79 |
|
Euro |
1 |
INR 78.79 |
INFORMATION DETAILS
|
Information Gathered
by : |
SHK |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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 |
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.