MIRA INFORM REPORT
|
Report Date : |
17.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
NEO HY-LAMINATES PRIVATE LIMITED |
|
|
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Registered
Office : |
1269, Katra Sant Nagar, Chandani Chowk – 110006, Delhi |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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|
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|
Date of
Incorporation : |
12.07.1991 |
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|
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|
Com. Reg. No.: |
55-044955 |
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Capital
Investment / Paid-up Capital : |
Rs.2.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1991PTC044955 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELN06061G |
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|
PAN No.: [Permanent Account No.] |
AAACN0890N |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of decorative laminates, single
side laminates and double side laminates. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a well-established company having moderate track. Profitability of the company seems to be low during 2014. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. The subject can be considered for business dealings with some caution. |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains revenue
guidance. COO Rao says attrition still an area of concern and it would take a
few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had illfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Anil Jain |
|
Designation : |
Sales Manager |
|
Contact No.: |
91-11-23653649 |
|
Date : |
14.10.2014 |
LOCATIONS
|
Registered Office : |
1269, Katra Sant Nagar, Chandani Chowk – 110006, Delhi, India |
|
Tel. No.: |
91-11-23653647 / 23653648 / 23653649 / 23653650 |
|
Fax No.: |
91-11-23653647 |
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E-Mail : |
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|
Website : |
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|
Area : |
1000 Sq.Ft. |
|
Location : |
Owned |
|
|
|
|
Administrative Office : |
E – 136, First Floor, Shastri Nagar, New Delhi – 110052, Delhi, India |
|
Tel. No.: |
91-11-27194200 / 27105879 |
|
Fax No.: |
91-11-27195879 |
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E-Mail : |
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|
|
|
|
Factory : |
Village Gandhra District, Rohtak, 15 K.M. Mile Stone, Haryana, India |
|
Tel. No.: |
91-1262-322985 |
|
Area : |
Owned |
DIRECTORS
As on 15.09.2014
|
Name : |
Mr. Arvind Kumar Jain |
|
Designation : |
Director |
|
Address : |
D-157, Block D, Ashok Vihar PH-1, New Delhi-110052, India |
|
Date of Birth/Age : |
01.01.1953 |
|
Date of Appointment : |
20.09.2011 |
|
DIN No.: |
03459106 |
|
|
|
|
Name : |
Mr. Himanshu Jain |
|
Designation : |
Director |
|
Address : |
E-103, Ashok Vihar, PH-1, New Delhi-110052, India |
|
Date of Birth/Age : |
15.04.1983 |
|
Date of Appointment : |
20.09.2011 |
|
DIN No.: |
03459112 |
|
|
|
|
Name : |
Mr. Praveen Kumar Jain |
|
Designation : |
Director |
|
Address : |
129, Ground Floor, Block H , PH-1, Ashok Vihar, Opposite MCD School,
New Delhi-110052, India |
|
Date of Birth/Age : |
06.11.1966 |
|
Date of Appointment : |
20.09.2011 |
|
DIN No.: |
03459082 |
|
|
|
|
Name : |
Ms. Jaya Jain |
|
Designation : |
Director |
|
Address : |
D-157, Block D, Ashok Vihar, PH-1, New Delhi-110052, India |
|
Date of Birth/Age : |
04.12.1960 |
|
Date of Appointment : |
08.03.1994 |
|
DIN No.: |
00650185 |
|
|
|
|
Name : |
Mr. Naveen Jain |
|
Designation : |
Director |
|
Address : |
D-167, Block D, Ashok Vihar, PH-1, New Delhi-110052, India |
|
Date of Birth/Age : |
15.12.1961 |
|
Date of Appointment : |
13.07.1991 |
|
DIN No.: |
00650434 |
|
|
|
|
Name : |
Mrs. Sangeeta Jain |
|
Designation : |
Director |
|
Address : |
E-104, Phase-1, Ashok Vihar, Delhi – 110052, India |
|
Date of Birth/Age : |
20.08.1963 |
|
Date of Appointment : |
08.03.1994 |
|
DIN No.: |
00877747 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Jain |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.09.2014
|
Names of Shareholders |
No. of Shares |
|
Amit Trading Company, India |
100 |
|
Anil Kumar Jain |
2383 |
|
Ankit Jain |
1268 |
|
Ankur Jain |
500 |
|
Arvind Jain |
2342 |
|
Ashwani |
1250 |
|
Bhavna Jain |
525 |
|
Himanbshu Jain |
1424 |
|
Sangeeta Jain and Nishank Jain |
1736 |
|
Jaya Jain |
2508 |
|
Malti Jain |
750 |
|
Naveen Kumar Jain |
1100 |
|
Naveen Trading Company, India |
100 |
|
Nishank Jain |
857 |
|
Pardeep Kumar Jain (HUF) |
375 |
|
Pardeep Jain and Prachi Jain |
1802 |
|
Poonam Jain |
1350 |
|
Pradeep Kumar Jain |
1480 |
|
Himanshu Jain (HUF) |
50 |
|
Sangeeta Jain |
1750 |
|
Sushil Kumar Jain |
1350 |
|
TOTAL
|
25000 |
As on 15.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of decorative laminates, single
side laminates and double side laminates. |
|
|
|
|
Products : |
·
Single Side Laminates ·
Double Side
Laminates (Compact Laminates) ·
High Pressure Laminates. ·
Decorative Wooden
Laminates. ·
Industrial Laminates. ·
Texture Laminates. |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Aishwarya Marketing Company ·
Akash Deep Papers Private Limited ·
B.Chokshi Chem Private Limited ·
B.K. Sales Corporation ·
Coral Newsprints Limited. ·
Ensons Enterprises ·
Fakirsons Papchem Private Limited ·
G.B. Overseas Private Limited ·
G.D Chemicals ·
Golden Cashew Products Private Limited. ·
Himmatramka Sales Company ·
JDC Trader Private Limited, Ahmedabad ·
JDC Trader Ltd, Delhi ·
Jindal Tapes Private Limited ·
Milton Exports (India) Private Limited ·
Mrj Chemicals Pw. Limited ·
Naresh Tradelink Private Limited ·
New Bonanza India Limited ·
Parijat Paper Mills ·
P.D Chemicals ·
Santosh Phenochem ·
Shri Krishna Paper Mills and Industries
Limited ·
Shubham Chemical and Solvents Limited ·
Shyam Pheno- Chem Private Limited ·
Skd Impex Private Limited. ·
Sumit Agro Products Limited ·
Tanish Industries Private Limited. ·
Taru Vikas Private Limited. ·
Trishla International ·
UFLEX Limited ·
Yahoo Print ·
Yug Internation Private Limited ·
Bharat Traders |
||||||||||||||||||||||||||||||
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Customers : |
·
Ak Enierprises ·
Aharat Laminates ·
Harea|Ays Technology ·
Garg Enierpr'ses ·
Krishna Doors and Furniture ·
Kuldeep Trading Company ·
Magppie International Limited ·
Maha Laxmi Laminates And Plywoods ·
Navin Electric ·
Niho Constructions Limited ·
Radhika Enterprises ·
Shiv Timber ·
Shyam Industries ·
Timber Land Sales Agencies ·
Arvind Plywood ·
Neera Traders ·
Rewati Sons ·
Shri Ganesh Timber Trading Company ·
Aggarwal Plywood & Timber Store ·
Al-Ebtekar Exhibit For Kitchen, Jordan ·
Al- Emtiaz, Libya ·
Balaji Laminates and Plwyood |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
G. R. Bansal and Company Chartered Accountants |
|
Address : |
2941/3, 1st Floor, Chuna Mandi, Paharganj, New
Delhi-110055, |
|
Tel. No.: |
91-11-23539350/ 23583279/ 27471026 |
|
PAN No.: |
AKZPB1828J |
CAPITAL STRUCTURE
As On 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
Rs.100/-each |
Rs.3.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/-each |
Rs.2.500
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.500 |
2.500 |
2.500 |
|
(b) Reserves &
Surplus |
24.846 |
24.666 |
24.317 |
|
(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) |
27.346 |
27.166 |
26.817 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
36.456 |
30.956 |
28.309 |
|
(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) |
36.456 |
30.956 |
28.309 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
14.817 |
14.220 |
10.943 |
|
(b) Trade payables |
27.331 |
27.418 |
17.482 |
|
(c) Other current
liabilities |
2.677 |
2.633 |
1.697 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
44.825 |
44.271 |
30.122 |
|
|
|
|
|
|
TOTAL |
108.627 |
102.393 |
85.248 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
26.198 |
22.534 |
22.671 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.246 |
0.246 |
0.246 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.331 |
1.306 |
1.655 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
27.775 |
24.086 |
24.572 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
59.011 |
44.647 |
38.548 |
|
(c) Trade receivables |
14.876 |
21.689 |
15.689 |
|
(d) Cash and cash
equivalents |
0.078 |
0.066 |
0.067 |
|
(e) Short-term loans and
advances |
0.453 |
6.108 |
1.442 |
|
(f) Other current assets |
6.434 |
5.797 |
4.930 |
|
Total Current Assets |
80.852 |
78.307 |
60.676 |
|
|
|
|
|
|
TOTAL |
108.627 |
102.393 |
85.248 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Turnover |
51.565 |
73.013 |
71.288 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2.409 |
1.611 |
1.568 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
|
2.049 |
0.993 |
0.645 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.360 |
0.618 |
0.923 |
|
|
|
|
|
|
|
Less |
TAX |
0.180 |
0.269 |
0.190 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.180 |
0.349 |
0.733 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
24.666 |
24.317 |
23.584 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
24.846 |
24.666 |
24.317 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
0.72 |
1.40 |
2.93 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.33 |
0.61 |
1.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.02 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.87 |
1.66 |
1.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.80 |
1.77 |
2.01 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
24.317 |
24.666 |
24.846 |
|
Net worth |
26.817 |
27.166 |
27.346 |
|
|
|
|
|
|
long-term borrowings |
28.309 |
30.956 |
36.456 |
|
Short term borrowings |
10.943 |
14.220 |
14.817 |
|
Total borrowings |
39.252 |
45.176 |
51.273 |
|
Debt/Equity ratio |
1.464 |
1.663 |
1.875 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Turnover |
71.288 |
73.013 |
51.565 |
|
|
|
2.420 |
(29.376) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Turnover |
71.288 |
73.013 |
51.565 |
|
Profit |
0.733 |
0.349 |
0.180 |
|
|
1.03% |
0.48% |
0.35% |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
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 |
PERFORMANCE REVIEW
During the year ended 2013-14, Total turnover of company was Rs.51.565 Millions as against total turnover of Rs. 73.014 Millions during the previous year. However, after meeting various administrative charges and Rs. 0.349 Millions during the previous year, which has been transferred to reserve and surplus. Directors hope of better result in current year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10172092 |
14/07/2009 |
20,500,000.00 |
PUNJAB NATIONAL BANK |
RAILWAY ROAD, BAHADURGARH, Haryana - 124507, INDIA |
A68283530 |
|
2 |
10125086 |
05/09/2008 |
690,000.00 |
PUNJAB NATIONAL BANK |
RAILWAY ROAD, BAHADURGARH, Haryana - 124507, INDIA |
A47938212 |
|
3 |
10277799 |
16/04/2008 |
600,000.00 |
PUNJAB NATIONAL BANK |
BAHADURGARH, BAHADURGARH, Haryana - 124507, INDIA |
A41184755 |
|
4 |
10035199 |
06/01/2007 |
3,000,000.00 |
PUNJAB NATIONAL BANK |
BAHADURGARH, BAHADURGARH, Haryana - 124507, INDIA |
A09971441 |
|
5 |
90063213 |
25/08/2004 |
1,270,000.00 |
PUNJAB NATIONAL BANK |
SAMPLA, SAMPLA, Haryana, INDIA |
- |
|
6 |
90062186 |
16/03/2001 |
260,000.00 |
PUNJAB NATIONAL BANK |
ASHOK VIHAR, DELHI, Delhi, INDIA |
- |
|
7 |
90061943 |
21/03/2000 |
253,000.00 |
PUNJAB NATIONAL BANK |
K.H.R.M. SSCHOOL,
ASHOK VIHAR PHASE-1, DELHI, Del |
- |
|
8 |
90061768 |
30/08/1999 |
248,000.00 |
PUNJAB NATIONAL BANK |
SAMPLA, ROHTAK, Haryana, INDIA |
- |
|
9 |
90060673 |
28/04/2004 * |
7,500,000.00 |
PUNJAB NATIONAL BANK |
SAMPLA, SAMPLA, Haryana, INDIA |
- |
|
10 |
90060510 |
08/11/1994 |
1,950,000.00 |
THE HARYANA FINANCIAL CORPORATION |
17. 18 & 19;
SECTOR 17-A, CHANDIGARH, Chandigarh, |
- |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loan from Director |
|
|
|
Ajay Jain |
0.039 |
0.039 |
|
Arvind Jain |
3.772 |
2.261 |
|
Himanshu Jain |
1.829 |
1.206 |
|
Jaya Jain |
4.161 |
2.120 |
|
Naveen Jain |
1.032 |
1.461 |
|
Praveen Jain |
3.640 |
3.039 |
|
Sangeeta Jain |
1.531 |
1.416 |
|
Saroj Jain |
0.566 |
0.566 |
|
Sunit Jain |
0.050 |
0.050 |
|
Vikas Jain |
0.067 |
0.067 |
|
SHORT TERM
BORROWINGS |
|
|
|
Advance for Car |
0.000 |
0.470 |
|
Total |
16.687 |
12.695 |
FIXED ASSETS
- Land
- Building
- Machinery
- Office Furniture
- Computer
- Vehicle
- Office Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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.61.48 |
|
|
1 |
Rs.98.24 |
|
Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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 |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.