MIRA INFORM REPORT
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Report No. : |
297052 |
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Report Date : |
19.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUPER CRYOGENIC SYSTEMS PRIVATE LIMITED |
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Registered Office
: |
C-18-19, Sector – 8, Noida – 201301, Uttar Pradesh |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
10.01.1996 |
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Com. Reg. No.: |
55-075387 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.500 Million |
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CIN No.: [Company Identification
No.] |
U35303DL1996PTC075387 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELS10788B |
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PAN No.: [Permanent Account No.] |
AACCS2982A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Supplier of a premium range of Cryogenic
Storage Tank, Cryogenic CO2 Storage / Tranport Tank, Atmosphric Vaporizer and
Allied Equipments. |
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|
|
|
No. of Employees
: |
21 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 12000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The management has failed to file its financial with government
department for the year 2014. As per available financial of 2013, the company has taken huge
external borrowing, which acts as threatening to the liquidity position of
the company. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. J. P. Badola |
|
Designation : |
Director |
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Contact No.: |
91-9717762263 |
|
Date : |
07.01.2015 |
LOCATIONS
|
Registered Office / Factory : |
C-18-19, Sector – 8, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4625500/ 4625535/ 2424079/ 2424080/ 2424559/ 3914024 |
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Fax No.: |
91-120-4307534/ 2424529/ 4625535 |
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E-Mail : |
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Area : |
1600 Sq. Ft. |
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Location : |
Owned |
DIRECTORS
As on: 27.09.2013
|
Name : |
Mr. Prakash Rajotia |
|
Designation : |
Director |
|
Address : |
D -47, Sector- 55, GB Nagar, Noida - 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
17.08.1972 |
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Date of Appointment : |
13.09.2002 |
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PAN No.: |
ABVPR2817B |
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DIN No.: |
00776873 |
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|
|
|
Name : |
Mr. Banwari Lal Sharma |
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Designation : |
Director |
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Address : |
D -47, Sector- 55, GB Nagar, Noida - 201301, Uttar Pradesh, India |
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Date of Appointment : |
24.08.2012 |
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PAN No.: |
AFYPS3488R |
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DIN No.: |
00895585 |
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|
|
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Name : |
Ms. Kusum Sharma |
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Designation : |
Director |
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Address : |
D-47, Sector- 55, GB Nagar, Noida - 201301, Uttar Pradesh, India |
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Date of Appointment : |
24.08.2012 |
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PAN No.: |
BLAPS9995N |
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DIN No.: |
01267381 |
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|
|
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Name : |
Mr. J. P. Badola |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.09.2013
|
Names of Shareholders |
No. of Shares |
% of holding |
|
Banwari Lal Sharma |
3203 |
64.01 |
|
Shanti Sharma |
1200 |
23.98 |
|
Deepak Rajotia |
101 |
2.02 |
|
Kusum Sharma |
100 |
2.00 |
|
Kanwal Rajotia |
100 |
2.00 |
|
Neelam Sharma |
100 |
2.00 |
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Prakash Rajotia |
200 |
4.00 |
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Total |
5004 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2013
|
Category |
Percentage |
|
Directors or relatives of directors |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Supplier of a premium range of Cryogenic
Storage Tank, Cryogenic CO2 Storage / Tranport Tank, Atmosphric Vaporizer and
Allied Equipments. |
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|
|
|
Products : |
·
Vacuum Insulated Cryogenic Tanks ·
Ammonia Storage Tank ·
Liquid Carton Dioxide Storage and Transport
Systems ·
Ammonia. LPG, Propane Storage Tanks and Allied
Systems ·
Pressure Vessels, Heat Exchangers, Reactors,
Vaporizers ·
Turnkey Cylinder Filling Stations ·
Process Pipeline Back-up Systems ·
Atmospheric Vaporizers, Phase Separators, Cryo
Treatment Units, etc. ·
Cylinder Filling Manifolds ·
Cylinder Test Stations. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
-- |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
-- |
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
21 (Approximately) |
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Bankers : |
·
Corporation Bank, G-28/29, Sector- 18, Noida –
201301, Uttar Pradesh, India ·
Citi Bank ·
ICICI Bank Limited ·
HDFC Bank Limited |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
M B Gupta and Company Chartered Accountant |
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Address : |
R-52, III Floor, Shakarpur, Vikas Marg, New Delhi – 110092, India |
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Tel No.: |
91-11-22012352 |
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PAN No.: |
AAGFM7201B |
CAPITAL STRUCTURE
As on: 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
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|
10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
5004 |
Equity Shares |
Rs.100/- each |
Rs.0.500
Million |
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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 |
|
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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
3.621 |
3.168 |
2.698 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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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) |
4.121 |
3.668 |
3.198 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
1.534 |
1.740 |
1.088 |
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(b) Deferred tax liabilities (Net) |
0.010 |
0.050 |
0.108 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
1.544 |
1.790 |
1.196 |
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(4) Current
Liabilities |
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|
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|
(a) Short term borrowings |
20.855 |
22.554 |
11.772 |
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(b) Trade payables |
48.009 |
69.398 |
60.663 |
|
(c) Other current liabilities |
27.095 |
25.634 |
30.851 |
|
(d) Short-term provisions |
0.623 |
2.326 |
1.220 |
|
Total Current
Liabilities (4) |
96.582 |
119.912 |
104.506 |
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TOTAL |
102.247 |
125.370 |
108.900 |
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ASSETS |
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(1) Non-current
assets |
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(a) Fixed Assets |
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(i) Tangible assets |
20.633 |
21.097 |
22.272 |
|
(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 |
0.214 |
0.214 |
0.215 |
|
Total Non-Current
Assets |
20.847 |
21.311 |
22.487 |
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
13.236 |
25.335 |
17.965 |
|
(c) Trade receivables |
53.674 |
61.578 |
52.236 |
|
(d) Cash and cash equivalents |
7.753 |
8.768 |
8.160 |
|
(e) Short-term loans and advances |
6.737 |
8.358 |
8.052 |
|
(f) Other current assets |
0.000 |
0.020 |
0.000 |
|
Total Current
Assets |
81.400 |
104.059 |
86.413 |
|
|
|
|
|
|
TOTAL |
102.247 |
125.370 |
108.900 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Other Income |
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|
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TOTAL (A) |
134.721 |
155.479 |
137.514 |
|
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|
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|
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Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
128.616 |
150.085 |
133.526 |
|
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.105 |
5.394 |
3.988 |
|
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|
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|
Less |
FINANCIAL
EXPENSES (D) |
3.244 |
2.304 |
1.139 |
|
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|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
2.861 |
3.090 |
2.849 |
|
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|
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|
Less |
DEPRECIATION/
AMORTISATION (F) |
2.026 |
2.231 |
2.403 |
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|
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|
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|
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
0.835 |
0.859 |
0.446 |
|
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Less |
TAX (H) |
0.382 |
0.309 |
(0.267) |
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PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.453 |
0.550 |
0.713 |
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|
Earnings Per
Share (Rs.) |
90.46 |
109.91 |
142.49 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
128.600 |
Expected Sales (2014-2015): Rs.130.000 Millions
The above information has been parted by Mr. J. P. Badola (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.82 |
0.69 |
0.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.23 |
0.14 |
|
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|
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|
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|
Debt Equity Ratio (Total Debt /Networth) |
|
5.43 |
6.62 |
4.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.84 |
0.87 |
0.83 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
2.698 |
3.168 |
3.621 |
|
Net
worth |
3.198 |
3.668 |
4.121 |
|
|
|
|
|
|
long-term borrowings |
1.088 |
1.740 |
1.534 |
|
Short term borrowings |
11.772 |
22.554 |
20.855 |
|
Total
borrowings |
12.860 |
24.294 |
22.389 |
|
Debt/Equity
ratio |
4.021 |
6.623 |
5.433 |
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 |
|
Sales |
137.514 |
155.479 |
134.721 |
|
|
|
13.064 |
(13.351) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
137.514 |
155.479 |
134.721 |
|
Profit |
0.713 |
0.550 |
0.453 |
|
|
0.52% |
0.35% |
0.34% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
|
UNSECURED LOANS |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
B. L. Sharma |
0.070 |
0.020 |
|
Kanwal Rajotia |
0.039 |
0.039 |
|
Manju Sharma |
0.138 |
0.138 |
|
Neelam Sharma |
0.146 |
0.146 |
|
Prakash Rajotia |
0.597 |
0.526 |
|
Shanti Sharma |
0.310 |
0.160 |
|
J. P Badola |
0.140 |
0.140 |
|
|
|
|
|
Total |
1.440 |
1.169 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10352064 |
02/01/2013 * |
29,000,000.00 |
Corporation Bank |
Mid Corporate Branch, G28/29, Sector-18, Noida, Uttar Pradesh - 201301, India |
B67041756 |
|
2 |
10330659 |
15/12/2011 |
413,000.00 |
Corporation Bank |
Corporation Bank, G28/29 Sector-18, Noida, Uttar Pradesh - 201301, India |
B30181887 |
|
3 |
10265839 |
10/01/2011 |
10,000,000.00 |
Corporation Bank |
Sme Branch, G-28/29, Sector-18, Noida, Uttar Pradesh - 201301, India |
B05014626 |
|
4 |
10265838 |
10/01/2011 |
20,000,000.00 |
Corporation Bank |
Sme Branch, G-28/29, Sector-18, Noida, Uttar Pradesh - 201301, India |
B05014378 |
|
5 |
10244425 |
31/08/2010 |
322,813.00 |
Corporation Bank |
Sme Branch, G28/29, Sector-18, Noida, Uttar Pradesh - 201301, India |
A96443262 |
|
6 |
10089322 |
17/09/2007 |
3,000,000.00 |
Corporation Bank |
Sme Branch, Sector-18, Noida, Uttar Pradesh - 201301, India |
A33132531 |
|
7 |
90053630 |
25/06/1999 |
450,000.00 |
Corporation Bank |
S.S.I. Branch, G- 28;29; Sec. 18, Noida, Uttar Pradesh, India |
- |
*Date of modification Charges
FIXED ASSETS
·
Air conditioner
·
Crane
·
Land and Site
developments
·
Building
·
Plant and Machinery
·
Generator
·
Motor Car
·
Office Automaton
·
Scooter
·
Cycle
·
Water cooler
·
Books (technical)
·
Furniture
·
Refrigerator
·
Computer
·
Photocopy Machine
·
Television
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 records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
SNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
30 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.