MIRA INFORM REPORT
|
Report Date : |
09.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
S D IMPEX (w.e.f. 2009) |
|
|
|
|
Formerly Known
As : |
SHIVANGI IMPEX |
|
|
|
|
Registered
Office : |
100/1, Jaganathpuri, |
|
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|
|
Country : |
|
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|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Year of
Establishment : |
1995 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 24.277 Million |
|
|
|
|
IEC No.: |
0692003355 |
|
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|
|
TIN No.: |
09327201931 |
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|
|
PAN No.: [Permanent Account No.] |
AALFS7879J |
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|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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|
|
|
Line of Business
: |
Importer and Trader of Ferrous and Non Ferrous Metals |
|
|
|
|
No. of Employees
: |
12 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Clear |
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Comments : |
Subject is an established partnership concern having satisfactory
track. Trade relations are fair. Business is active. Payments terms reported to
be usually correct. The concern can be considered normal 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Arvind Agarwal |
|
Designation : |
Partner |
|
Contact No.: |
91-9412728150 |
|
Date : |
05.12.2014 |
LOCATIONS
|
Registered Office : |
100/1, Jaganathpuri, |
|
Tel. No.: |
91-565-3291723 |
|
Mobile No.: |
91-9319975000 (Mr. Anup Agarwal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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Location : |
Owned |
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|
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|
Godawn : |
|
|
Location : |
Owned |
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|
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|
Branch : |
Gaur Kendra, |
PARTNERS
|
Name : |
Mr. Arvind Agarwal |
|
Designation : |
Partner |
|
Address : |
100/1, Jaganathpuri, |
|
|
|
|
Name : |
Mr. Anoop Agarwal |
|
Designation : |
Partner |
|
Address : |
100/1, Jaganathpuri, |
BUSINESS DETAILS
|
Line of Business : |
Importer and Trader of Ferrous and Non Ferrous Metals |
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|
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|
Products : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Imports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
L/C, Cash and Credit (30 days) |
GENERAL INFORMATION
|
Suppliers : |
Caster Metal – |
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Customers : |
Krishna Impex – |
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No. of Employees : |
12 (Approximately) |
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Bankers : |
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Banking
Relations : |
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Auditors : |
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Name : |
Kumar Rajiv Gang and Company Chartered Accountants |
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|
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Memberships : |
-- |
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Collaborators : |
-- |
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Sister Concern : |
Shivangi Metal Industries Private Limited Address: 100/1,
Jaganathpuri, Line of
Business: Importer and Trader of Ferrous and Non Ferrous Metals |
CAPITAL STRUCTURE
As on: 31.03.2014
|
Capital Investment : |
|
|
Owned : |
Rs. 24.277 Million
(Approximately) |
|
Borrowed : |
-- |
|
Total : |
Rs. 24.277
Million (Approximately) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
24.277 |
14.351 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
24.277 |
14.351 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
67.708 |
73.381 |
|
|
2] Unsecured Loans |
|
12.867 |
17.598 |
|
|
TOTAL BORROWING |
|
80.575 |
90.979 |
|
|
DEFERRED TAX LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
104.852 |
105.330 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4.446 |
4.563 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.908 |
1.119 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Closing Stock |
|
48.259
|
49.410 |
|
|
Sundry Debtors |
|
28.409
|
14.013 |
|
|
Cash & Bank Balances |
|
3.487
|
0.580 |
|
|
Diposits, Loans and Advances to corporate and Others |
|
19.525
|
0.000 |
|
|
F.D.R |
|
0.000
|
36.397 |
|
|
Loans & Advances Recoverable |
|
32.900
|
35.663 |
|
Total
Current Assets |
|
132.580
|
136.063 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
32.492
|
0.000 |
|
|
Other Current Liabilities and Provisions |
|
0.590
|
36.415 |
|
Total
Current Liabilities |
|
33.082
|
36.415 |
|
|
Net Current Assets |
|
99.498
|
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
104.852 |
105.330 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
291.263 |
207.232 |
|
|
|
Other Income |
|
0.130 |
0.324 |
|
|
|
TOTAL |
|
291.393 |
207.556 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
275.443 |
198.859 |
|
|
|
Audit Fee |
|
0.020 |
0.015 |
|
|
|
Car Loan Interest |
|
0.000 |
0.026 |
|
|
|
Bonus |
|
0.084 |
0.049 |
|
|
|
Consighnment Sales Service Commision |
|
0.861 |
0.247 |
|
|
|
Consignment |
|
0.037 |
0.117 |
|
|
|
Deepawali Expenses |
|
0.003 |
0.000 |
|
|
|
Donation |
|
0.000 |
0.005 |
|
|
|
Electricity Expenses |
|
0.060 |
0.060 |
|
|
|
Duty Interest and Difference |
|
0.013 |
0.000 |
|
|
|
ESIC Employer Share |
|
0.030 |
0.025 |
|
|
|
EPF Employer Share |
|
0.085 |
0.082 |
|
|
|
ESI Expenses |
|
0.008 |
0.000 |
|
|
|
Export Expenses |
|
0.000 |
0.016 |
|
|
|
Insurance |
|
0.027 |
0.026 |
|
|
|
Lab Wages Expenses |
|
0.472 |
0.412 |
|
|
|
Office Salary Expenses |
|
0.155 |
0.140 |
|
|
|
Professionsl Fees to others |
|
0.030 |
0.027 |
|
|
|
Loss on |
|
0.002 |
0.000 |
|
|
|
Printing and Stationary |
|
0.009 |
0.000 |
|
|
|
Rent Paid |
|
0.216 |
0.120 |
|
|
|
Scooter Expenses |
|
0.032 |
0.081 |
|
|
|
Telephone Expenses |
|
0.063 |
0.074 |
|
|
|
Seelling Expenses |
|
0.221 |
0.177 |
|
|
|
Service Tax |
|
0.040 |
0.032 |
|
|
|
Staff Welfare |
|
0.000 |
0.003 |
|
|
|
VAT/Sales Tax |
|
0.011 |
0.000 |
|
|
|
Vehicle Mainrenance |
|
0.107 |
0.130 |
|
|
|
Bank Commission |
|
0.918 |
0.472 |
|
|
|
Interest Paid to others |
|
0.997 |
0.000 |
|
|
|
Bank Interest and Charges |
|
0.000 |
0.371 |
|
|
|
Exchange Difference |
|
5.889 |
0.000 |
|
|
|
Bank and other Interest |
|
0.000 |
3.051 |
|
|
|
Interest to partners |
|
2.152 |
0.000 |
|
|
|
TOTAL |
|
287.985 |
204.617 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
3.410 |
2.939 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.133 |
0.167 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
3.275 |
2.772 |
|
STOCK PRICES
|
Face Value |
Not Divulged |
|
High |
Not Divulged |
|
Low |
Not Divulged |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
207.232 |
291.263 |
|
|
|
40.549 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
207.232 |
291.263 |
|
Net Profit |
2.772 |
3.275 |
|
|
1.34% |
1.12% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check
List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year
of Establishment |
Yes |
|
2] |
Locality
of the firm |
Yes |
|
3] |
Constitutions
of the firm |
Yes |
|
4] |
Premises
details |
No |
|
5] |
Type
of Business |
Yes |
|
6] |
Line
of Business |
Yes |
|
7] |
Promoter's
background |
No |
|
8] |
No.
of employees |
Yes |
|
9] |
Name
of person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover
of firm for last three years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons
for variation <> 20% |
------------------ |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital
in the business |
Yes |
|
16] |
Details
of sister concerns |
Yes |
|
17] |
Major
suppliers |
Yes |
|
18] |
Major
customers |
Yes |
|
19] |
Payments
terms |
Yes |
|
20] |
Export
/ Import details (if applicable) |
No |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
---------------------- |
|
23] |
Banking
Details |
Yes |
|
24] |
Banking
facility details |
Yes |
|
25] |
Conduct
of the banking account |
---------------------- |
|
26] |
Buyer
visit details |
---------------------- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
No |
|
29] |
Last
accounts filed at ROC |
No |
|
30] |
Major
Shareholders, if available |
No |
|
31] |
Date
of Birth of Proprietor/Partner/Director, if available |
No |
|
32] |
PAN
of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
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 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
|
1 |
Rs.96.37 |
|
Euro |
1 |
Rs.76.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
|
|
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 |
|
TOTAL |
|
46 |
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 and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.