|
|
|
MIRA INFORM REPORT
|
Report No. : |
512347 |
|
Report Date : |
31.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
CAUVERY MOTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.27/2, Raghuvanahalli Kanakapura Main Road, Uttarahalli
Hobli, Bangalore – 560062, Karnataka |
|
Mobile No.: |
91-9844037127 (Mr. Avinash) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
05.12.1994 |
|
|
|
|
Com. Reg. No.: |
08- 016655 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 71.892 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U50101KA1994PTC016655 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Applicable (As informed by the management that firm does
not have export and import) |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC5924A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading,
Retailers and Dealer of Motor Vehicle Car, Spares and Accessories. [Registered
activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
900 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Maximum Credit Limit : |
USD 720000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1994 having
satisfactory track records. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has reported profit margin at 0.96% (approximately). The company possesses an acceptable financial profile marked by sound
net worth base along with fair debt level of the company. The company also derives strength from its long standing track record
of business operation. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitments. 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.
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 |
CRISIL |
|
Rating |
Long term rating: BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
08.05.2018 |
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 PARTED BY
|
Name : |
Mr. Avinash |
|
Designation : |
Executive Director |
|
Contact No.: |
91-9844037127 |
|
Date : |
30.05.2018 |
LOCATIONS
|
Registered Office / Retail Outlet: |
Survey No.27/2, Raghuvanahalli Kanakapura Main Road,
Uttarahalli Hobli, Bangalore – 560062, Karnataka, India |
|
Tel. No.: |
91-80-26321941/42/43 |
|
Mobile No.: |
91-9844037127 (Mr. Avinash) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
40,000 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Meda Pandurangasetty Shyam |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.1691 Shreevaari Building 30th Cross, 15th Main Banashankari,
2nd Stage, Bidarahalli, Bangalore -560070, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.12.1960 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
25.09.2006 |
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DIN No.: |
00293568 |
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PAN No.: |
AFAPS4343H |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Subramanyaguptha Venkata Sathya |
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Designation : |
Director |
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|
Address : |
# 12, Srinivas Mahal, Vasavi Temple Road, V V Puram,
Bangalore -560004, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.09.1961 |
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Date of Appointment : |
05.12.1994 |
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DIN No.: |
00371877 |
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PAN No.: |
ACIPS8745A |
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Other Directorship:
List of LLP
|
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Anupama Gupta |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
# 12, Srinivas Mahal, Vasavi Temple Road, V V Puram,
Bangalore -560004, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.10.1970 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.09.2006 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00375051 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
AFHPG8725N |
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Other Directorship:
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|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Meda Shyam Sharmila |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.1691,Shreevaari, 30th Cross, 15th Main, BSK 2nd Stage,
Bangalore – 560070, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1968 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.12.2001 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01613928 |
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PAN No.: |
AKWPS8613D |
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Other Directorship:
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nikhil Gupta |
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|
Designation : |
Director |
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|
Address : |
No.290/70/1, 38th Cross, 8th Block, Jayanagar, Bangalore
-560082, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.04.1987 |
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|
Date of Appointment : |
05.08.2016 |
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DIN No.: |
02448111 |
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PAN No.: |
APLPG4984K |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Meda Shyam Nivedita |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
14/2 Bull Temple Road, Basavanagudi, Bangalore – 560004,
Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.02.1990 |
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|
Date of Appointment : |
05.08.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07575090 |
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PAN No.: |
AHMPN4589N |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Avinash |
|
Designation : |
Executive Director |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
M P Shyam |
|
12868 |
|
Subramanya Guptha Venkata Sathya |
|
12334 |
|
Meda Shyam Sharmila |
|
10133 |
|
Shreevari Trust |
|
11499 |
|
Anupama Gupta |
|
10666 |
|
Subramanya Trust |
|
11500 |
|
Advaith Motors Private Limited, India |
|
2892 |
|
|
|
|
|
Total |
|
71892 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
35.06 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
28.93 |
|
Public/Other than promoters - Body corporate |
4.02 |
|
Public/Other than promoters- Others |
31.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Trading,
Retailers and Dealer of Motor Vehicle Car, Spares and Accessories. [Registered
activity and also confirmed by management] |
||||
|
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|
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Products / Services
: |
|
||||
|
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|
||||
|
Brand Names : |
Not Available |
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|
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|
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Agencies Held : |
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||||
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||||
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Exports : |
Not Available |
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|
||||
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Imports : |
Not Available |
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|
|
|
||||
|
Terms : |
|
||||
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Selling : |
Advance Payment |
||||
|
|
|
||||
|
Purchasing : |
Cash |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||
|
Customers : |
OEM’s
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
900 (Approximately) |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Katta Subramanyaguptha Nagesh Chartered Accountant |
|
Address : |
No 51/6, First Floor, D V G Road, Basavangudi, Bangalore – 560004, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABCPN0453F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Trust Under Same
Management: |
|
|
|
|
|
Company Under the
Same Management: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
INR 1000/- each |
INR 90.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
71892 |
Equity Shares |
INR 1000/- each |
INR 71.892 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
71.892 |
71.892 |
71.892 |
|
(b) Reserves and Surplus |
181.254 |
130.778 |
114.141 |
|
(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) |
253.146 |
202.670 |
186.033 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
258.350 |
231.474 |
231.470 |
|
(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) |
258.350 |
231.474 |
231.470 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
545.189 |
446.601 |
271.778 |
|
(b) Trade
payables |
40.281 |
23.610 |
18.591 |
|
(c) Other
current liabilities |
218.632 |
175.897 |
94.604 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
804.102 |
646.108 |
384.973 |
|
|
|
|
|
|
TOTAL |
1315.598 |
1080.252 |
802.476 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
358.755 |
342.295 |
361.430 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
74.861 |
24.861 |
22.007 |
|
(c) Deferred tax assets (net) |
14.930 |
11.137 |
8.540 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
36.903 |
31.850 |
28.810 |
|
Total Non-Current Assets |
485.449 |
410.143 |
420.787 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
520.684 |
494.739 |
246.775 |
|
(c) Trade
receivables |
156.861 |
127.720 |
102.895 |
|
(d) Cash and
bank balances |
143.204 |
33.812 |
23.724 |
|
(e)
Short-term loans and advances |
9.467 |
9.394 |
7.701 |
|
(f) Other
current assets |
(0.067) |
4.444 |
0.594 |
|
Total
Current Assets |
830.149 |
670.109 |
381.689 |
|
|
|
|
|
|
TOTAL |
1315.598 |
1080.252 |
802.476 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
5283.044 |
4005.256 |
3652.533 |
|
|
Other Income |
49.138 |
5.847 |
0.000 |
|
|
TOTAL |
5332.182 |
4011.103 |
3652.533 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
4651.292 |
3706.857 |
3125.405 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(25.945) |
(247.964) |
4.648 |
|
|
Employee benefit expense |
171.192 |
145.075 |
126.537 |
|
|
Other expenses |
353.938 |
279.546 |
231.516 |
|
|
TOTAL |
5150.477 |
3883.514 |
3488.106 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
181.705 |
127.589 |
164.427 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
74.287 |
67.492 |
67.757 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
107.418 |
60.097 |
96.670 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
43.953 |
38.778 |
48.487 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
63.465 |
21.319 |
48.183 |
|
|
|
|
|
|
|
Less |
TAX |
12.940 |
5.619 |
4.507 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
50.525 |
15.700 |
43.676 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
702.79 |
218.38 |
607.52 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
5000.000 |
Expected Sales (2018-2019): INR 5500.000 Million (due to business
growth)
The above information has been parted by Mr. Avinash (Executive
Directors)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
42.373 |
49.328 |
28.143 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
229.000 |
118.773 |
107.715 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
112.024 |
110.557 |
98.592 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
10.84 |
11.64 |
10.28 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
33.68 |
31.36 |
35.50 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
3.16 |
2.32 |
2.17 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.35 |
0.26 |
0.67 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.51 |
0.37 |
0.45 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.84 |
0.86 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.34 |
3.59 |
2.86 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.18 |
3.19 |
2.07 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.42 |
1.69 |
1.94 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.45 |
1.89 |
2.43 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.96 |
0.39 |
1.20 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.84 |
1.45 |
5.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
19.96 |
7.75 |
23.48 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.03 |
1.04 |
0.99 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.38 |
0.27 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.19 |
0.19 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
11.77 |
10.12 |
7.39 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.03 |
1.04 |
0.99 |
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 |
71.892 |
71.892 |
71.892 |
|
Reserves & Surplus |
114.141 |
130.778 |
181.254 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
186.033 |
202.670 |
253.146 |
|
|
|
|
|
|
Long-term borrowings |
231.470 |
231.474 |
258.350 |
|
Short term borrowings |
271.777 |
446.601 |
545.189 |
|
Current maturities of
long-term debts |
28.143 |
49.328 |
42.373 |
|
Total
borrowings |
531.390 |
727.403 |
845.912 |
|
Debt/Equity
ratio |
2.856 |
3.589 |
3.342 |
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 |
3652.533 |
4005.256 |
5283.044 |
|
|
|
9.657 |
31.903 |
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 |
3652.533 |
4005.256 |
5283.044 |
|
Profit/ (Loss) |
43.676 |
15.700 |
50.525 |
|
|
1.20
% |
0.39
% |
0.96
% |
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 |
Yes |
|
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 |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Term loans from banks |
111.889 |
108.110 |
|
Total |
111.889 |
108.110 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G14375299 |
100053754 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
30/06/2016 |
- |
50000000.0 |
ONE FORBES,DR. V.
B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
2 |
G14375992 |
100053755 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
30/06/2016 |
- |
50000000.0 |
ONE FORBES,DR. V.
B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
3 |
G31149875 |
100053756 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
30/06/2016 |
30/06/2016 |
50000000.0 |
ONE FORBESDR V B GNDHI
MARG, FORTMUMBAIMH400001IN |
|
4 |
G76389394 |
100025759 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
22/03/2016 |
20/12/2017 |
122000000.0 |
ONE FORBES,DR. V.
B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
5 |
G46982021 |
10507459 |
HDFC BANK LIMITED |
07/05/2014 |
12/06/2017 |
2026300000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
B66338732 |
10399515 |
KOTAK MAHINDRA
PRIME LIMITED |
27/12/2012 |
- |
160000000.0 |
36-38A NARIMAN
BHAVAN,227, NARIMAN POINT,MUMBAIMH400021IN |
|
7 |
B79855821 |
10351694 |
KOTAK MAHINDRA
PRIME LIMITED |
28/03/2012 |
30/05/2013 |
70000000.0 |
36-38A NARIMAN
BHAVAN,227, NARIMAN POINT,MUMBAIMH400021IN |
|
8 |
B37793908 |
10350421 |
KOTAK MAHINDRA
PRIME LIMITED |
28/03/2012 |
- |
27500000.0 |
36-38A NARIMAN
BHAVAN,227, NARIMAN POINT,MUMBAIMH400021IN |
|
9 |
B21320387 |
10307911 |
KOTAK MAHINDRA
PRIME LIMITED |
02/08/2011 |
- |
60000000.0 |
36-38A NARIMAN
BHAVAN,227, NARIMAN POINT,MUMBAIMH400021IN |
|
10 |
B14681662 |
10291330 |
KOTAK MAHINDRA
PRIME LIMITED |
10/06/2011 |
- |
50000000.0 |
36-38A NARIMAN
BHAVAN,227, NARIMAN POINT,MUMBAIMH400021IN |
FIXED ASSETS:
Tangible assets
- Land
- Furniture and fixtures
- Computer equipments
- Office equipment
- Plant and 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 67.63 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 78.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
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.