MIRA INFORM REPORT
|
Report No. : |
351903 |
|
Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
PUNJAB GENERAL INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Z-87, Loha Mandi, Naraina, New Delhi-110028 |
|
Tel. No.: |
91-129-4063247 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2015 [Partial Details] |
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|
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Date of
Incorporation : |
05.02.1999 |
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|
|
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Com. Reg. No.: |
55-098259 |
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Capital
Investment / Paid-up Capital : |
Rs. 38.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U27109DL1999PTC098259 |
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|
|
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IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP08294G |
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|
|
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PAN No.: [Permanent Account No.] |
AABCP4823A |
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|
|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Iron,
Steel, Ferro Alloys and Railway Track Fitting, Round Flats-Alloy and Non
Alloy, Ingots-Alloy and Non Alloy. (Registered Documents) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
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 incorporated in the year 1999. It has satisfactory track. The company has healthy scale of operations marked by decent sales turnover along with improvement in profit earnings. In the FY – 15. Rating takes into consideration company’s extensive experience of its promoters marked by comfortable financial base along with efficient net worth position. Trade relations are fair. Business is active. Payments are usually correct. The company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
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
31-03-2015.
LOCATIONS
|
Registered Office : |
Z-87, Loha Mandi, Naraina, New Delhi-110028, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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|
|
|
|
Head Office/ Factory : |
Plot No.149-150, Sector 24, Faridabad – 121005, Haryana, India |
|
Tel. No.: |
91-129-4063247/ 4199222 |
|
Fax No.: |
91-129-4133877 |
DIRECTORS
AS ON 18.09.2014
|
Name : |
Mr. Anoop Kumar Jindal |
|
Designation : |
Director |
|
Address : |
D-921, New Friends Colony, New Delhi-110065, Delhi, India |
|
Date of Birth/Age : |
08.03.1960 |
|
Date of Appointment : |
05.02.1999 |
|
PAN No.: |
ACXPJ0797Q |
|
DIN No.: |
00321958 |
|
|
|
|
Name : |
Mr. Sunil Kumar Jindal |
|
Designation : |
Director |
|
Address : |
D-921, New Friends Colony, New Delhi-110065, Delhi, India |
|
Date of Birth/Age : |
06.06.1962 |
|
Date of Appointment : |
05.02.1999 |
|
PAN No.: |
AAKPJ8560C |
|
DIN No.: |
00322016 |
|
|
|
|
Name : |
Mr. Faquir Chand Gupta |
|
Designation : |
Director |
|
Address : |
5E/1BP, NIT Faridabad-121001, Haryana, India |
|
Date of Birth/Age : |
16.09.1931 |
|
Date of Appointment : |
05.02.1999 |
|
PAN No.: |
AAGPG5320H |
|
DIN No.: |
00322098 |
|
|
|
|
Name : |
Mr. Sahil Jindal |
|
Designation : |
Director |
|
Address : |
D-921, New Friends Colony, New Delhi-110065, Delhi, India |
|
Date of Birth/Age : |
02.05.1988 |
|
Date of Appointment : |
30.08.2008 |
|
PAN No.: |
AIKPJ3921B |
|
DIN No.: |
01914799 |
|
|
|
|
Name : |
Mr. Ankit Jindal |
|
Designation : |
Director |
|
Address : |
D-921, New Friends Colony, New Delhi-110065, Delhi, India |
|
Date of Birth/Age : |
19.02.1987 |
|
Date of Appointment : |
30.08.2008 |
|
PAN No.: |
AGFPJ7945L |
|
DIN No.: |
01914806 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Faquir Chand Gupta |
|
615600 |
|
Sunil Kumar Jindal |
|
802400 |
|
Anoop Kumar Jindal |
|
802400 |
|
F.C. Gupta (HUF) |
|
35000 |
|
Ram Murti Gupta |
|
20000 |
|
Sarlawati Jindal |
|
163150 |
|
Anoop Kumar Jindal (HUF) |
|
76500 |
|
Indu Bala Jindal |
|
110000 |
|
Sunil Kumar Jindal (HUF) |
|
76500 |
|
Sangeeta Jindal |
|
110000 |
|
Raj Kumar and Familty (HUF) |
|
500 |
|
Manju Garg |
|
1000 |
|
Parul Garg |
|
10000 |
|
Swati Garg |
|
1000 |
|
Raj Kumar |
|
900 |
|
Prakash Chand Jindal (HUF) |
|
81270 |
|
Ankit Jindal |
|
446890 |
|
Sahil Jindal |
|
446890 |
|
Total |
|
3800000 |
AS ON 18.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Iron, Steel, Ferro Alloys and Railway Track Fitting, Round Flats-Alloy and
Non Alloy, Ingots-Alloy and Non Alloy. (Registered Documents) |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
·
Punjab National Bank Nehru
Ground, NIT Branch, Faridabad - 121001, Haryana, India |
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Facilities : |
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Banking
Relations : |
-- |
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Cost Auditors : [As on 31.03.2015] |
|
|
Name : |
A.G
Agarwal and Associates Cost
Accountants |
|
Address : |
B-345, Ist Floor, NIT,
Nehru Ground, Opposite PNB Bank, Faridabad-121001, Haryana, India |
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E-mail: |
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|
Income-tax
PAN of auditor or auditor's firm |
ABAFA6450B |
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|
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Auditors : [As on 31.03.2014] |
|
|
Name : |
B.N
Kedia and Company Chartered Accountants |
|
Address : |
House
No. 201, Sector-7A, Faridabad, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFB4343G |
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Memberships : |
-- |
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Collaborators : |
-- |
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|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2015
[PARTIAL DETAILS]
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 38.000 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,800,000 |
Equity Shares |
Rs. 10/- each |
Rs. 38.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
VALUE ADDITION AND DISTRIBUTION
OF EARINGS
|
Particulars |
31.03.2015 (Partial Details) |
|
Share capital |
38.000 |
|
Reserves and surplus |
190.068 |
|
Long-term borrowings |
41.570 |
|
Gross fixed assets |
174.186 |
|
Net fixed assets |
98.459 |
|
Current assets |
321.396 |
|
Current liabilities |
183.222 |
|
Net current assets |
138.174 |
|
Capital employed |
236.633 |
|
Net worth |
228.068 |
|
Value added of company |
71.872 |
|
Net revenue from operations of company |
1154.290 |
|
Profit before tax |
3.720 |
|
Particulars |
31.03.2015 (Partial Details) |
|
Gross revenue from operations of company |
1292.973 |
|
Excise and other duties of company |
138.683 |
|
Net revenue from operations of company for value addition |
1154.290 |
|
Export incentives of company |
0.000 |
|
Adjustments in work-in-progress and finished stocks of company |
16.480 |
|
Cost of materials consumed of company |
844.582 |
|
Cost of process materials or chemicals of company |
0.003 |
|
Cost of stores and spares consumed of company |
28.178 |
|
Cost of utilities of company |
205.935 |
|
Cost of other bought out inputs of company |
20.200 |
|
Total cost of bought out inputs of company |
1098.898 |
|
Value added of company |
71.872 |
|
Other incomes of company |
0.542 |
|
Extraordinary income |
0.000 |
|
Earnings available for distribution |
72.414 |
|
To employees as salaries, wages, retirement benefits and others |
29.783 |
|
To shareholders as dividend |
0.000 |
|
Funds retained by company |
21.431 |
|
To government as taxes |
1.861 |
|
Extraordinary expenses |
0.000 |
|
Other distribution of earnings |
19.339 |
|
Total distribution
of earnings |
72.414 |
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 |
38.000 |
38.000 |
38.000 |
|
(b) Reserves & Surplus |
187.350 |
87.346 |
21.200 |
|
(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) |
225.350 |
125.346 |
59.200 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
17.390 |
15.145 |
28.025 |
|
(b) Deferred tax liabilities (Net) |
3.798 |
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) |
21.188 |
15.145 |
28.025 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
161.027 |
164.049 |
184.319 |
|
(b)
Trade payables |
7.067 |
14.732 |
17.821 |
|
(c)
Other current liabilities |
8.748 |
61.715 |
6.767 |
|
(d)
Short-term provisions |
0.000 |
1.505 |
2.471 |
|
Total
Current Liabilities (4) |
176.842 |
242.001 |
211.378 |
|
|
|
|
|
|
TOTAL |
423.380 |
382.492 |
298.603 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
94.237 |
72.249 |
57.626 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
12.000 |
15.465 |
16.065 |
|
(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 |
8.330 |
6.881 |
7.365 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
114.567 |
94.595 |
81.056 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
114.605 |
84.717 |
97.625 |
|
(c)
Trade receivables |
170.035 |
124.886 |
108.019 |
|
(d)
Cash and cash equivalents |
1.236 |
65.070 |
0.179 |
|
(e)
Short-term loans and advances |
22.937 |
13.224 |
11.724 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
308.813 |
287.897 |
217.547 |
|
|
|
|
|
|
TOTAL |
423.380 |
382.492 |
298.603 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.762 |
6.009 |
7.803 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.864 |
1.200 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.898 |
4.809 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.50 |
1.27 |
NA |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.67 |
1.64 |
2.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.05 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.79 |
1.43 |
3.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.75 |
1.19 |
1.03 |
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 |
38.000 |
38.000 |
38.000 |
|
Reserves & Surplus |
21.200 |
87.346 |
187.350 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
59.200 |
125.346 |
225.350 |
|
|
|
|
|
|
Long-term borrowings |
28.025 |
15.145 |
17.390 |
|
Short term borrowings |
184.319 |
164.049 |
161.027 |
|
Total
borrowings |
212.344 |
179.194 |
178.417 |
|
Debt/Equity
ratio |
3.587 |
1.430 |
0.792 |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
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 |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
80023353 |
11/02/2015 * |
197,500,000.00 |
PUNJAB NATIONAL BANK |
NEHRU GROUND, NIT BRANCH, FARIDABAD- 121001, HARYANA, INDIA |
C46910956 |
|
2 |
90043574 |
23/02/2005 * |
2,500,000.00 |
PUNJAB NATIONAL BANK |
MAIN BRANCH, NEHRU GROUND; N.I.T., FARIDABAD, HARYANA, INDIA |
- |
|
3 |
90042491 |
23/02/2005 * |
3,500,000.00 |
PUNJAB NATIONAL BANK |
MAIN BRANCH, NEHRU GROUND; N.I.T., FARIDABAD, HARYANA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans
and advances from related parties |
17.390 |
15.145 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans
and advances from related parties |
63.620 |
82.060 |
|
|
|
|
|
Total |
81.010 |
97.205 |
OPERATING
RESULTS: [AS ON 31.03.2014]
During
the year the company earned Total Profit of Rs.2.762 Million. The summary of
the operating results is as under:
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
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. 66.62 |
|
|
1 |
Rs. 100.34 |
|
Euro |
1 |
Rs. 70.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.