MIRA
INFORM REPORT
|
Report No. : |
334340 |
|
Report Date : |
01.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
GND ISPAT PRIVATE LIMITED KEDIA STEELS (A PROPRIETORSHIP FIRM OF GND ISPAT PRIVATE
LIMITED) |
|
|
|
|
Registered
Office : |
GND Chambers, Bhaisthan, Agrasen Chowk, |
|
Tel. No.: |
91-771-2535241 |
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|
Country : |
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|
|
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Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
25.04.2005 |
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|
|
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Com. Reg. No.: |
10-017547 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.397 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101CT2005PTC017547 |
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|
|
IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AACCG6090K |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Iron and Steel products. |
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|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. The rating takes into consideration company’s sound financial risk
profile and fair liquidity position of the company. Trade relations are fair. Business is active. Payment terms are reported
to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. NOTE : As claimed by Mr. Himanshu Banerjee, Account manager that Kedia Steels is a proprietorship firm of GND Ispat Private Limited and they are not preparing separate financial statement for Kedia Steels. |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “BBB-” |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
22.10.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A3” |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
22.10.2014 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Himanshu Banerjee |
|
Designation : |
Account Manager |
|
Contact No.: |
91-771-2535241 |
|
Date : |
30.07.20145 |
LOCATIONS
|
Registered Office : |
GND Chambers, Bhaisthan, Agrasen Chowk, Raipur – 492001, Chattisgarh, India |
|
Tel. No.: |
91-771-2535241, 4030453, 6459582, 6458663 |
|
Mobile No.: |
91-9827137253 (Mr. Naresh Kedia) 91-9827403533 / 9425208635 (Mr. Deepak Kedia) |
|
Fax No.: |
91-771-2535251 |
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E-Mail : |
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|
Website : |
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|
Location : |
Rented [Residential] |
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|
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|
Warehouse : |
D-2, Loha Bazar, Raipur, Chhattisgarh, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Deepak Kedia |
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|
Designation : |
Director |
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|
Address : |
H. No.: 319-320, Ram Kripa, Near Pani Tanki, Samta Colony, Raipur –
492001, Chhattisgarh, India |
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|
Date of Birth/Age : |
25.10.1984 |
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Date of Appointment : |
25.04.2005 |
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PAN No.: |
AKQPK6291H |
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DIN No.: |
00269774 |
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Other Directorship :
|
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|||||||||||||||||||||||||||
|
Name : |
Mr. Naresh Kumar
Kedia
|
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|
Designation : |
Director |
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|
Address : |
H. No.: 319-320, Ram Kripa, Near Pani Tanki, Samta Colony, Raipur –
492001, Chhattisgarh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.12.1957 |
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|
Date of Appointment : |
25.04.2005 |
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PAN No.: |
AEVPK0710Q |
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DIN No.: |
01281799 |
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Other Directorship :
|
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|
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|
Name : |
Mrs. Lalita Devi Kedia |
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|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
H. No.: 319-320, Ram Kripa, Near Pani Tanki, Samta Colony, Raipur –
492001, Chhattisgarh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.12.1963 |
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Date of Appointment : |
25.04.2005 |
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PAN No.: |
AEVPK0711R |
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DIN No.: |
00269820 |
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KEY EXECUTIVES
|
Name : |
Mr. Himanshu Banerjee |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Deepak Kedia |
188000 |
25.41 |
|
Naresh Kedia |
376000 |
50.83 |
|
Lalita Devi Kedia |
34000 |
4.60 |
|
GND Infravest Private Limited, India |
41725 |
5.64 |
|
Rashi Kedia |
40000 |
5.41 |
|
Naresh Kedia HUF |
60000 |
8.11 |
|
Total |
739725 |
100.00 |
%20-%20334340%2001-Aug-2015_files/image002.gif)
AS ON 18.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Deepak Kedia |
|
70000 |
|
Naresh Kedia |
|
91000 |
|
Lalita Devi Kedia |
|
39000 |
|
Total |
|
200000 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
5.64 |
|
Directors or relatives of Directors |
94.36 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Iron and Steel products. |
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|
|
Products : |
Iron and Steel products |
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|
|
|
Brand Names : |
Not Divulged |
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|
Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, L/C, Cheque and Credit |
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Purchasing : |
Cash, L/C, Cheque and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
30 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Mahendra Kashyap and Company Chartered Accountants |
|
Address : |
211, 2nd Floor, Deshbandhu Complex, Agrasen Chowk, Samta
Colony, Raipur – 492001, Chhattisgarh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AEWPK4438G |
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|
|
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Memberships : |
-- |
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|
|
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Collaborators : |
-- |
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|
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Related parties : |
· Naresh Kedia HUF · Ghasiram HUF |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
950,000 |
Equity Shares |
Rs.10/- each |
Rs.9.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
939,725 |
Equity Shares |
Rs.10/- each |
Rs.9.397 Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,50,000 |
Equity Shares |
Rs.10/- each |
Rs.6.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,39,725 |
Equity Shares |
Rs.10/- each |
Rs.6.397 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
6.397 |
4.997 |
3.777 |
|
(b) Reserves &
Surplus |
98.689 |
71.062 |
46.678 |
|
(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) |
105.086 |
76.059 |
50.455 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
10.000 |
10.000 |
20.000 |
|
(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) |
10.000 |
10.000 |
20.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
87.736 |
63.255 |
76.306 |
|
(b) Trade payables |
51.984 |
77.823 |
85.001 |
|
(c) Other current
liabilities |
35.030 |
17.538 |
5.249 |
|
(d) Short-term provisions |
0.728 |
0.539 |
0.480 |
|
Total Current Liabilities
(4) |
175.478 |
159.155 |
167.036 |
|
|
|
|
|
|
TOTAL |
290.564 |
245.214 |
237.491 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2.635 |
3.439 |
1.090 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.066 |
0.006 |
0.566 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2.701 |
3.445 |
1.656 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
83.386 |
44.954 |
69.722 |
|
(c) Trade receivables |
196.767 |
190.556 |
136.603 |
|
(d) Cash and cash
equivalents |
2.712 |
0.702 |
22.003 |
|
(e) Short-term loans and
advances |
4.998 |
5.557 |
7.507 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
287.863 |
241.769 |
235.835 |
|
|
|
|
|
|
TOTAL |
290.564 |
245.214 |
237.491 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
1495.897 |
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
1431.559 |
1495.897 |
1594.094 |
|
|
|
|
|
|
|
|
EXPENSES |
1413.315 |
1473.041 |
1575.130 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
18.244 |
22.856 |
18.964 |
|
|
|
|
|
|
|
|
FINANCIAL EXPENSES |
9.942 |
11.448 |
8.927 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
8.302 |
11.408 |
10.037 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
0.839 |
0.543 |
0.250 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
7.463 |
10.865 |
9.787 |
|
|
|
|
|
|
|
|
TAX |
3.731 |
3.560 |
3.020 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
7.426 |
7.305 |
6.767 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
30.649 |
23.344 |
16.577 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
38.075 |
30.649 |
23.344 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
11.61 |
14.62 |
17.92 |
%20-%20334340%2001-Aug-2015_files/image003.gif){kind=small}
%20-%20334340%2001-Aug-2015_files/image004.gif){kind=small}
%20-%20334340%2001-Aug-2015_files/image005.gif){kind=small}
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1628.600 |
|
|
|
|
|
The above information has been parted by Mr. Himanshu Banerjee.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
31.735 |
16.457 |
4.464 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
0.52 |
0.49 |
0.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
1.27 |
1.53 |
1.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.57 |
4.43 |
4.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.14 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.23 |
1.18 |
2.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.64 |
1.52 |
1.41 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
3.777 |
4.997 |
6.397 |
|
Reserves & Surplus |
46.678 |
71.062 |
98.689 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
50.455 |
76.059 |
105.086 |
|
|
|
|
|
|
long-term borrowings |
20.000 |
10.000 |
10.000 |
|
Short term borrowings |
76.306 |
63.255 |
87.736 |
|
Current Maturities of
Long Term Debt |
4.464 |
16.457 |
31.735 |
|
Total borrowings |
100.770 |
89.712 |
129.471 |
|
Debt/Equity ratio |
1.997 |
1.180 |
1.232 |
%20-%20334340%2001-Aug-2015_files/image007.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1594.094 |
1495.897 |
1431.559 |
|
|
|
(6.160) |
(4.301) |
%20-%20334340%2001-Aug-2015_files/image009.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1594.094 |
1495.897 |
1431.559 |
|
Profit |
6.767 |
7.305 |
7.426 |
|
|
0.42% |
0.49% |
0.52% |
%20-%20334340%2001-Aug-2015_files/image011.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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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% |
-- |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
10.000 |
10.000 |
|
|
|
|
|
Total |
10.000 |
10.000 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10069604 |
17/12/2011 * |
120,000,000.00 |
UNION BANK OF INDIA |
SAMTA COLONY BRANCH, RAIPUR, CHHATTISGARH - 492001 |
B29654738 |
* Date of charge modification
REVIEW OF OPERATIONS
The gross turnover of the Company for financial year 2013-14 decreased to Rs. 1431.500 Million in comparison to Rs. 1495.800 Million of the previous financial year due to sluggish market conditions. However, your company has been able to increase the net profit after tax of the Company to Rs.7.426 Million from that of Rs. 7.305 Million of previous year.
NOTE
The registered office of the company has been shifted from GND Chambers, Bhairthan, Raipur – 492001, Chhattisgarh, India to the present address w.e.f. 17.06.2013.
FIXED ASSETS
Tangible Assets
· Buildings
Furniture
and Fixtures
Vehicles
Motor
Vehicles
Office
Equipment
Computer
Equipments
Other
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 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.64.01 |
|
|
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.