MIRA
INFORM REPORT
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Report No. : |
335593 |
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Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
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Name : |
TRENCHLESS ENGINEERING SERVICES PRIVATE LIMITED |
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Registered
Office : |
C-2/279, IInd Floor, Janakpuri, |
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Tel. No.: |
91-11-47113016 |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
14.06.2000 |
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Com. Reg. No.: |
55-106283 |
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Capital
Investment / Paid-up Capital : |
Rs.12.550
million |
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CIN No.: [Company Identification
No.] |
U51109DL2000PTC106283 |
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IEC No.: |
0500070423 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCT3284F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into providing horizontal directional drilling, oil and gas
pipelines, auger boring, box culverts, big rig spread rentals services. |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 109700 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Incorporated in
2000, subject is a service provider of horizontal directional drilling, oil
and gas pipelines, auger boring, box culverts, big rig spread rentals etc. It
has a satisfactory track record. Management of the
company has failed to file its financials with the Government Department for
the FY 2014. According to the
year 2013 financial information, the company’s sales turnover has increased
as compared to the previous year record which further resulted into profit. The company
possesses adequate operating efficiencies with average networth However, trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. In view of
aforesaid, subject can be considered for business dealings with usual trade
terms and conditions. |
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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 |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
|
Date |
Not Available |
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 (GENERAL DETAILS)
|
Name : |
Mr. Avnish |
|
Designation : |
Finance Manager |
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Contact No.: |
91-11-47113016 |
|
Date : |
05.08.2015 |
LOCATIONS
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Registered Office : |
C-2/279, IInd Floor, Janakpuri, New Delhi – 110 058, India |
|
Tel. No.: |
91-11-47113016 |
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Mobile No.: |
91-9717999062 (Mr. Jitendra) |
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Fax No.: |
91-11-66173000 |
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E-Mail : |
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Website : |
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Head Office : |
A-25, 2nd Floor, Phase-II, Mayapuri Industrial
Area, New Delhi – 110 064, India |
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Tel. No.: |
91-11-47113000 (20 Lines), 28112223 |
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Fax No.: |
91-11-66173000 |
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Branch Office 1 : |
GE-158, Rajdanga Main Road, Kasba, Ruby Gol
Park, Behind Hotel Gateway, Kolkata – 700 107 West Bengal,
India |
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Tel. No.: |
91-33-40630068 |
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Branch Office 2 : |
Plot No.105, Indraprastha, Phase-II, Pokhariput,
Bhubaneswar – 751 020, Orissa, India |
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Warehouse : |
Located at: ·
Delhi |
DIRECTORS
AS ON 12.09.2013
|
Name : |
Mr. Vipin Purushottam Das Gupta |
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Designation : |
Managing
Director |
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Address : |
C-2/279
S/F, Janak Puri, Near DDA Market, New Delhi – 110 058, India |
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Date of Birth/Age : |
16.11.1966 |
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Date of Appointment : |
14.06.2000 |
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DIN No.: |
00957800 |
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PAN No.: |
AAJPG7415N
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Other
Directorship :
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Name : |
Mrs. Vishakha Vipin Gupta |
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Designation : |
Director |
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Address : |
C-2/279
S/F, Janak Puri, Near DDA Market, New Delhi – 110 058, India |
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Date of Birth/Age : |
28.03.1971 |
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Date of Appointment : |
15.04.2004 |
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DIN No.: |
00960424 |
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PAN No.: |
AIAPG3581G
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Other
Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Avnish |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Vipin Purushottam Das Gupta |
976500 |
77.81 |
|
Vishakha
Vipin Gupta |
278500 |
22.19 |
|
Total |
1255000 |
100.00 |
AS ON 01.03.2014
|
Names of Allottees |
|
No. of Shares |
|
Vipin Gupta (HUF) |
|
778000 |
|
Vishakha
Gupta |
|
222000 |
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Total |
|
1000000 |
AS ON 12.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into providing horizontal directional drilling, oil and
gas pipelines, auger boring, box culverts, big rig spread rentals services. |
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Products/ Services : |
·
Horizontal Directional
Drilling ·
HDD Technical Consultancy ·
Box Pushing ·
Horizontal Auger Boring ·
Laser Guided Tunnel Machine ·
Pipe Jacking |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
·
Finished Goods |
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Countries : |
·
UAE ·
Taiwan ·
Bangladesh |
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Imports : |
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Products : |
·
Raw Materials |
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Countries : |
·
China ·
Taiwan ·
Belgium |
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Terms : |
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Selling : |
Advance Payment and Others (Depends) |
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Purchasing : |
Advance Payment and Others (Depends)
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PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
150 (Approximately) |
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Bankers : |
·
ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Vadodara –
390 015, Gujarat, India ·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai – 400 013, Maharashtra, India ·
Bank of India, SME Branch, Mayapuri Industrial Estate, New Delhi – 110
064, India ·
Axis Bank Limited ·
State Bank of India ·
Indian Bank ·
HSBC-Bangladesh ·
Deutsche Bank |
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Facilities : |
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Financial Institution : |
Tata
Capital Financial Services Limited, One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai
– 400 001, Maharashtra, India |
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Auditors : |
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Name : |
Gurvinder Sindhu and Company Chartered Accountants |
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Head Office : |
Punjabi Colony, Ujhani, Badaun – 243 639, Uttar Pradesh, India |
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Branch Office : |
J-1/323, First Floor, DDA Flats, Kalkaji, New Delhi – 110 019, India |
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Tel. No.: |
91-11-29844217 |
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Mobile No.: |
91-9810292962 |
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Income-tax
PAN of auditor or auditor's firm : |
AOFPS1761R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Group Company (From Indirect Sources) : |
Next Level
Contracting LLC 702, 7th Floor , Abu Dhabi National Food Stuff Building, 32
Secter, Sheikh Zyed Road II, Next to ADCB , Main Branch , Electra Street
(UAE) Tel. No.: (+971) 555-893-409 E-Mail: info@nextlevelllc.co Website: www.nextlevelllc.co |
CAPITAL STRUCTURE
AFTER 12.09.2013
Authorised Capital : Rs.50.000 million
Issued, Subscribed & Paid-up Capital : Rs.35.100
million
AS ON 12.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1255000 |
Equity Shares |
Rs.10/- each |
Rs.12.550
million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1) Shareholders' Funds |
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(a) Share Capital |
12.550 |
2.510 |
2.510 |
|
(b) Reserves &
Surplus |
25.817 |
27.248 |
24.816 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
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|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
38.367 |
29.758 |
27.326 |
|
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(3) Non-Current
Liabilities |
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|
|
|
(a) Long-term borrowings |
11.909 |
21.038 |
18.797 |
|
(b) Deferred tax
liabilities (Net) |
1.524 |
1.810 |
1.604 |
|
(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) |
13.433 |
22.848 |
20.401 |
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
28.307 |
14.604 |
13.055 |
|
(b) Trade payables |
165.916 |
59.141 |
56.851 |
|
(c) Other current
liabilities |
18.698 |
14.196 |
0.000 |
|
(d) Short-term provisions |
14.547 |
5.120 |
4.165 |
|
Total Current Liabilities
(4) |
227.468 |
93.061 |
74.071 |
|
|
|
|
|
|
TOTAL |
279.268 |
145.667 |
121.798 |
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
58.758 |
60.850 |
41.281 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
58.758 |
60.850 |
41.281 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
7.019 |
5.907 |
5.562 |
|
(b) Inventories |
17.303 |
12.395 |
0.100 |
|
(c) Trade receivables |
98.512 |
25.624 |
27.257 |
|
(d) Cash and cash
equivalents |
19.015 |
4.718 |
1.915 |
|
(e) Short-term loans and
advances |
40.672 |
25.889 |
39.273 |
|
(f) Other current assets |
37.989 |
10.284 |
6.410 |
|
Total Current Assets |
220.510 |
84.817 |
80.517 |
|
|
|
|
|
|
TOTAL |
279.268 |
145.667 |
121.798 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
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Revenue from operations |
261.780 |
123.133 |
87.075 |
|
|
|
Other Income |
1.872 |
1.383 |
0.682 |
|
|
|
TOTAL |
263.652 |
124.516 |
87.757 |
|
|
|
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|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials
consumed |
175.571 |
|
76.961 |
|
|
|
Purchase of
stock-in-trade |
29.974 |
4.431 |
|
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
(4.909) |
(12.295) |
|
|
|
|
Employee benefit expense |
6.086 |
5.613 |
|
|
|
|
Other expenses |
30.116 |
5.672 |
|
|
|
|
TOTAL |
236.838 |
108.551 |
76.961 (Including
Financial Expenses) |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
26.814 |
15.965 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.706 |
3.218 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
23.108 |
12.747 |
10.796 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.280 |
9.155 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
12.828 |
3.592 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.219 |
1.160 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
8.609 |
2.432 |
2.138 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
34.463 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
6.86 |
9.69 |
NA |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long-term debt |
NA |
NA |
NA |
|
Cash generated
from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.29 |
1.98 |
2.46 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.24 |
12.97 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.59 |
2.47 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.12 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.05 |
1.20 |
1.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97 |
0.91 |
1.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
2.510 |
2.510 |
12.550 |
|
Reserves & Surplus |
24.816 |
27.248 |
25.817 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
27.326 |
29.758 |
38.367 |
|
|
|
|
|
|
Long-term borrowings |
18.797 |
21.038 |
11.909 |
|
Short term borrowings |
13.055 |
14.604 |
28.307 |
|
Total borrowings |
31.852 |
35.642 |
40.216 |
|
Debt/Equity ratio |
1.166 |
1.198 |
1.048 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
87.075 |
123.133 |
261.780 |
|
|
|
41.410 |
112.599 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
87.075 |
123.133 |
261.780 |
|
Profit |
2.138 |
2.432 |
8.609 |
|
|
2.46% |
1.98% |
3.29% |
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) |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
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 |
NOTE:
The registered office of the company has been
shifted from C-4D/76 B, DDA Flats, Janakpauri, Delhi – 110 058 to the present address w.e.f. 01.07.2010.
UNSECURED LOAN
|
Particulars |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
From
Shareholders and Directors |
28.307 |
14.604 |
|
Total
|
28.307 |
14.604 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10558262 |
25/03/2015 |
190,000,000.00 |
ICICI BANK LIMITED |
LANDMARK RACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C48472278 |
|
2 |
10557471 |
03/03/2015 |
7,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI
BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
C47948971 |
|
3 |
10543453 |
30/12/2014 |
22,375,000.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
ONE FORBES, DR. V. B.
GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C40610792 |
|
4 |
10529188 |
30/10/2014 |
19,600,000.00 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
ONE FORBES, DR. V. B.
GANDHI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C32261034 |
|
5 |
10531467 |
30/10/2014 |
26,000,000.00 |
ICICI BANK LIMITED |
LANDMARK RACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C33715228 |
|
6 |
10509573 |
26/06/2014 |
1,100,000.00 |
BANK OF INDIA |
SME BRANCH, MAYAPURI
INDUSTRIAL ESTATE, NEW DELHI, DELHI - 110064, INDIA |
C11726551 |
|
7 |
10489264 |
29/03/2014 |
22,100,000.00 |
ICICI BANK LIMITED |
LANDMARK RACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C03610276 |
|
8 |
10483654 |
19/02/2014 |
20,000,000.00 |
ICICI BANK LIMITED |
LANDMARK RACE COURCE CIRCLE,
ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B98929607 |
|
9 |
10450011 |
19/01/2015 * |
150,000,000.00 |
BANK OF INDIA |
SME BRANCH, MAYAPURI
INDUSTRIAL ESTATE, NEW DELHI, DELHI - 110064, INDIA |
C41897232 |
|
10 |
10437333 |
18/06/2013 |
40,000,000.00 |
ICICI BANK LIMITED |
LANDMARK RACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B79816351 |
|
11 |
10348652 |
29/02/2012 |
9,000,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK, 1ST FLOOR,
DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA -
400710, INDIA |
B37274610 |
|
12 |
10261843 |
29/12/2010 |
9,000,000.00 |
ICICI BANK LIMITED |
LANDMARK RACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B03398708 |
|
13 |
10134231 |
15/12/2008 |
212,000.00 |
INDIAN BANK |
181-C KHIRKI PRESS
ENCLAVE, SAKET, NEW DELHI, DELHI - 110017, INDIA |
A52756178 |
|
14 |
10136627 |
14/11/2008 |
330,000.00 |
INDIAN BANK |
181-C KHIRKI VILLAGE, PRESS
ENCLAVE MAIN ROAD, SAKET, NEW DELHI, DELHI - 110017, INDIA |
A54081807 |
|
15 |
10033325 |
29/11/2006 |
6,500,000.00 |
ICICI BANK LIMITED |
LANDMARK RACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A08030686 |
|
16 |
10027696 |
28/07/2010 * |
37,500,000.00 |
ICICI BANK LIMITED |
LANDMARK RACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A91366997 |
* Date of charge modification
FIXED ASSETS:
·
Air Conditioner
·
Camera
·
Circular Chart Recorder
·
Compressor
·
Computers
·
Concrete Mixture
·
Container
·
Cooler
·
Drill Pipe
·
Generator
·
Grinder
·
Land and Building
·
Plant and Equipments
·
Furniture and Fixtures
·
Vehicles
·
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, India Prisons Service,
Interpol, etc.
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.63.82 |
|
UK Pound |
1 |
Rs.99.15 |
|
Euro |
1 |
Rs.69.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
41 |
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.