MIRA INFORM REPORT
|
Report No. : |
307849 |
|
Report Date : |
18.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
VIKRAM SOLAR PRIVATE LIMITED (w.e.f. 03.09.2008) |
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|
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Formerly Known
As : |
INTERNATIONAL CLOTHIERS INDIA PRIVATE LIMITED INTERNATIONAL LEATHER CLOTHIERS PRIVATE LIMITED |
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Registered
Office : |
Tobacco House 1, Old Court House Corner, Kolkata – 700001, West Bengal |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
02.12.2005 |
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Com. Reg. No.: |
21-106448 |
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Capital
Investment / Paid-up Capital : |
Rs.258.580 Millions |
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|
|
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CIN No.: [Company Identification
No.] |
U18100WB2005PTC106448 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
CALI02340C |
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PAN No.: [Permanent Account No.] |
AABCI5168D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Selling of Solar Modules and also Selling
of Balance of Systems and Installation and Commissioning of the Solar Power
Plant. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. As per ROC the date of balance sheet (i.e. financial filed) is shown
as 31-03-2014 but the documents related to the financial for the year 2014
are not available from any sources. As per the available financial 2013, general financial position of the
company seems to be normal and acceptable for business dealing. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
CARE |
|
Rating |
BBB (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
22.07.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
A3+ (Short Term Bank Facilities) |
|
Rating Explanation |
Moderate degree of safety. It carry higher
credit risk. |
|
Date |
22.07.2014 |
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Anirudha |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-33-22307299 |
|
Date : |
14.02.2015 |
LOCATIONS
DIRECTORS
As on: 29.09.2014
|
Name : |
Mr. Hari Krishna Chudhary |
|
Designation : |
Director |
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Address : |
15, Belvedere Road, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
04.12.1943 |
|
Date of Appointment : |
14.07.2008 |
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PAN No.: |
ACMPC5346H |
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Voter ID No.: |
WB/23/148/222539 |
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DIN No.: |
01744503 |
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|
Name : |
Mr. Anil Harikishan Chaudhary |
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Designation : |
Director |
|
Address : |
15, Belvedere Road, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
18.04.1967 |
|
Date of Appointment : |
14.07.2008 |
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PAN No.: |
ACTPC0399R |
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Voter ID No.: |
WB/23/148/222541 |
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DIN No.: |
00897159 |
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|
|
Mr. Gyanesh Chaudhary |
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Designation : |
Managing director |
|
Address : |
15, Belvedere Road, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
04.12.1977 |
|
Date of Appointment : |
28.09.2011 |
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PAN No.: |
ACRPC8772A |
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DIN No.: |
00060387 |
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|
|
|
Name : |
Mr. Krishna Kumar Maskara |
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Designation : |
Director |
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Address : |
134, G.T. Road, Radha Niket, Howrah – 711102, West Bengal, India |
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Date of Birth/Age : |
25.08.1978 |
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Date of Appointment : |
01.01.2009 |
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PAN No.: |
ADQPM9621G |
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DIN No.: |
01677008 |
KEY EXECUTIVES
|
Name : |
Mr. Rohit Shrivastava |
|
Designation : |
Accounts Manager |
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|
Name : |
Mr. Anirudha |
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Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anil Chaudhary and Sons HUF |
|
950000 |
|
Meenakshi Chaudhary |
|
940000 |
|
Hari Krishna Chaudhary |
|
634000 |
|
Urmila Chaudhary |
|
923000 |
|
Anil Chaudhary |
|
951000 |
|
Nilam Chaudhary |
|
815000 |
|
Gyanesh Chaudhary |
|
907450 |
|
Gyanesh Chaudhary and Sons HUF |
|
920000 |
|
Hari Krishna Chaudhary and Sons HUF |
|
940000 |
|
Monolink Trexim Private Limited, India |
|
3075000 |
|
Maniktala Pooram Chand |
|
53600 |
|
Maniktala Sohan Lal |
|
46900 |
|
Maniktala Ram Saran |
|
80400 |
|
Pioneer Syntex Private Limited, India |
|
5332500 |
|
Tiwari Tarkeshwar |
|
46900 |
|
Vikram India Limited, India |
|
999250 |
|
Vikram Capital Management Limited, India |
|
5758000 |
|
Vikram Financial Services
Limited, India |
|
2485000 |
|
|
|
|
|
Total |
|
25858000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2014
|
Category |
|
Percentage |
|
Bodies corporate |
|
68.26 |
|
Directors or relatives of directors |
|
30.86 |
|
Other top fifty shareholders |
|
0.88 |
|
|
|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Solar Modules and also
Selling of Balance of Systems and Installation and Commissioning of the Solar
Power Plant. |
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Products/ Services : |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Not Divulged |
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Bankers : |
· State Bank of India (Lead Bank), Commercial Branch, Kolkata, 24, Park Street, Kolkata - 700016, West Bengal, India · Punjab National Bank, MID Corporate Branch, 44, Park Street, Kolkata - 700016, West Bengal, India · Allahabad Bank, Industrial Finance Branch, 17, R. N. Mukherjee Road, 4th Floor, Kolkata - 700001, West Bengal, India · Indian Overseas Bank, MID Corporate Branch, 3, Chowringhee Approach, Kolkata - 700072, West Bengal, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Rustagi and Company Chartered Accountants |
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Address : |
19, R N Mukherjee Road, Eastern Building, First Floor,
Kolkata- 700001, West Bengal, India |
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Tel. No.: |
91-33-22480823/ 0856 |
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Fax No.: |
91-33-22430746 |
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PAN
No.: |
AAUFS1566M |
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Subsidiary Company
: |
· Vikram Proener Projects Private Limited U45400WB2011PTC166718 · Lexicon Vanijya Private Limited U74900WB2008PTC123044 · Vikram Power Ventures Private Limited U40102WB2012PTC175725 · Vikram Solar Gmbh |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Vikram India Limited U29253WB1980PLC032447 · Vikram Financial Services Limited L65993WB1982PLC035564 · SYMPHONY VYAPAAR PRIVATE LIMITED U74900WB2008PTC123026 · VIKRAM CAPITAL MANAGEMENT Limited L67120WB1981PLC034413 |
CAPITAL STRUCTURE
As on: 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs. 10/- each |
Rs.300.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25858000 |
Equity Shares |
Rs. 10/- each |
Rs.258.580 Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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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|
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|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
258.580 |
250.000 |
193.595 |
|
(b) Reserves & Surplus |
760.244 |
545.331 |
141.187 |
|
(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) |
1018.824 |
795.331 |
334.782 |
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
520.611 |
312.238 |
200.595 |
|
(b) Deferred tax liabilities
(Net) |
9.972 |
7.579 |
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) |
530.583 |
319.817 |
200.595 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1113.492 |
689.263 |
889.845 |
|
(b) Trade payables |
113.579 |
111.549 |
33.460 |
|
(c) Other current liabilities |
179.252 |
124.520 |
119.685 |
|
(d) Short-term provisions |
0.521 |
0.010 |
0.000 |
|
Total
Current Liabilities (4) |
1406.844 |
925.342 |
1042.990 |
|
|
|
|
|
|
TOTAL |
2956.251 |
2040.490 |
1578.367 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
605.080 |
393.517 |
393.953 |
|
(ii) Intangible Assets |
16.720 |
10.212 |
7.804 |
|
(iii) Capital work-in-progress |
1.532 |
0.000 |
4.823 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
369.699 |
300.652 |
1.839 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.790 |
8.988 |
5.540 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
995.821 |
713.369 |
413.959 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
711.875 |
612.151 |
332.321 |
|
(c) Trade receivables |
436.913 |
545.833 |
598.733 |
|
(d) Cash and cash equivalents |
402.420 |
83.344 |
153.043 |
|
(e) Short-term loans and
advances |
401.216 |
83.666 |
80.311 |
|
(f) Other current assets |
8.006 |
2.127 |
0.000 |
|
Total
Current Assets |
1960.430 |
1327.121 |
1164.408 |
|
|
|
|
|
|
TOTAL |
2956.251 |
2040.490 |
1578.367 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2957.935 |
2337.944 |
1202.697 |
|
|
|
|
|
|
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|
EXPENSES |
|
|
|
|
|
|
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Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
2580.419 |
2054.550 |
1037.488 |
|
|
|
|
|
|
|
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|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
377.516 |
283.394 |
165.209 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
149.762 |
155.279 |
46.406 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
227.754 |
128.115 |
118.803 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
33.726 |
30.582 |
21.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
193.978 |
122.638 |
97.802 |
|
|
|
|
|
|
|
|
|
|
TAX |
0.000 |
0.000 |
3.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
193.978 |
122.638 |
94.702 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
250.170 |
127.531 |
32.830 |
|
|
|
BALANCE CARRIED
TO THE B/S |
444.148 |
250.170 |
127.531 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.50 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.56 |
5.25
|
7.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.50 |
7.05
|
6.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.15
|
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.60 |
1.25
|
3.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.43
|
1.12 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
193.595 |
250.000 |
258.580 |
|
Reserves & Surplus |
141.187 |
545.331 |
760.244 |
|
Net
worth |
334.782 |
795.331 |
1018.824 |
|
|
|
|
|
|
long-term borrowings |
200.595 |
312.238 |
520.611 |
|
Short term borrowings |
889.845 |
689.263 |
1113.492 |
|
Total
borrowings |
1090.440 |
1001.501 |
1634.103 |
|
Debt/Equity
ratio |
3.257 |
1.259 |
1.604 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1,202.697 |
2,337.944 |
2,957.935 |
|
|
|
94.392 |
26.519 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1202.697 |
2337.944 |
2957.935 |
|
Profit |
94.702 |
122.638 |
193.978 |
|
|
7.87% |
5.25% |
6.56% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
Note: The Registered office
of the company has been shifted from 26, Sakespares Sarani, 8th
Floor, Kolkata – 700017, West Bengal, India to present address w.e.f.
18.10.2008
OVERVIEW OF
PERFORMANCE:
The directors are pleased to inform that during the year the Company has achieved operational income of Rs.2944.900 Millions as against Rs. 2328.800 Millions during the previous year, which is higher by 26.46% over the last year. The company has been able to report a higher PAT of Rs.1939.78 lacs as against Rs. 122.638 Millions last year.
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from others |
187.238 |
136.500 |
|
|
|
|
|
Total |
187.238 |
136.500 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10479253 |
09/01/2014 |
390,000,000.00 |
Indian Overseas Bank |
Mid Corporate Branch, 3, Chowringhee Approach, Kolkata, West Bengal - 700072, India |
B97065759 |
|
2 |
10407277 |
30/01/2013 |
1,716,500,000.00 |
State Bank Of India (Lead Bank) |
Commercial Branch, Kolkata, 24, Park Street, Kolkata, West Bengal - 700016, India |
B69276699 |
|
3 |
10275405 |
30/01/2013 * |
1,278,500,000.00 |
State Bank Of India (Lead Bank) |
Commercial Branch, Kolkata, 24, Park Street, Kolkata, West Bengal - 700016, India |
B69274777 |
|
4 |
10235952 |
09/07/2010 |
320,000,000.00 |
Allahabad Bank |
Industrial Finance Branch, 17, R. N. Mukherjee Road, 4th Floor, Kolkata, West Bengal - 700001, Indi A |
A93240414 |
|
5 |
10143972 |
17/12/2013 * |
1,137,900,000.00 |
State Bank Of India |
Commercial Branch, Kolkata, 24, Park Street, Kolkata, West Bengal - 700016, India |
B93276145 |
* Date of charge modification
FIXED ASSETS:
· Land
· Buildings
· Office building
· Factory building
· Plant and equipment
· Factory equipments
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
· Computer software
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.62.20 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
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 |
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 |
|
45 |
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.