MIRA INFORM REPORT

 

 

Report No. :

331934

Report Date :

16.07.2015

 

IDENTIFICATION DETAILS

 

Name :

SRMB SRIJAN LIMITED (w.e.f. 07.09.2007)

 

 

Formerly Known As :

SRBM SRIJAN PRIVATE LIMITED

 

 

Registered Office :

7 Khetra Das Lane, Kolkata – 700012, West Bengal

Tel. No.:

91-33-66006600

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

28.11.2001

 

 

Com. Reg. No.:

21-093969

 

 

Capital Investment / Paid-up Capital :

Rs. 212.100 Million

 

 

CIN No.:

[Company Identification No.]

U74994WB2001PLC093969

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAHCS0616C

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Manufacturer and Trader of Iron and Steel Goods.

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Exist

 

 

Comments :

Subject was established in the year 2001 and it is a manufacturer and trader of iron and steel goods. Subject is an established company having satisfactory track record.

 

For the financial year ended 2014, company possesses healthy operational risk profile and reported 10.13% topline growth with average profitability margins at 0.88%.

 

Rating also takes into account of extensive industry experience of promoters backed sound financial base along with adequate net worth base and favorable gap between trade payables to its receivables.

 

Trade relations are reported as fair. Payment terms are reported to be usually correct.

 

In view of aforesaid, 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

 

Rating Agency Name

CARE

Rating

Long Term Bank Facilities = BBB-

Rating Explanation

Moderate degree of safety and moderate credit risk

Date

January 30, 2015

 

Rating Agency Name

CARE

Rating

Short Term Bank Facilities = A3

Rating Explanation

Moderate degree of safety and higher credit risk

Date

January 30, 2015

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Vivek

Designation :

Assistant General Manager

Contact No.:

91-33-66006600

Date :

14.07.2015

 

 

LOCATIONS

 

Registered Office :

7 Khetra Das Lane, Kolkata – 700012, West Bengal, India

Tel. No.:

91-33-66006600 (Mr. Vivek)

Fax No.:

91-33-22113636/ 0483

E-Mail :

vivekbanthia@srmbsteel.com

Website :

http://srmbsteel.com

Location :

Owned

 

 

Factory 1 :

Sagar Bhanga, Gopinathpur, P.S. Cokeoven, Durgapu, Burdwan,  West Bengal, India

 

 

Factory 2 :

Village - Kharial, P.O - Dankuni, District Hooghly, West Bengal, India

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Nikunj Beriwala

Designation :

Whole-time director

Address :

DA-85, Saltlake City, Bidhan Nagar, 24 Paraganas-North 700064, West Bengal, India

Date of Birth/Age :

24.05.1976

Qualification :

B.Com (Hons)

Date of Appointment :

28.11.2001

PAN No.:

ADXPB3413C

DIN No.:

00789070

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U27201WB1951PLC019857

SRMB UDYOG LIMITED

Director

06/01/2001

06/01/2001

-

Amalgamated

NO

2

U74994WB2001PLC093969

SRMB SRIJAN LIMITED

Whole-time director

01/10/2007

28/11/2001

-

Active

NO

3

U72200WB2008PLC128592

SRMB INFOTECH LIMITED

Director

18/08/2008

18/08/2008

-

Strike off

NO

4

U45400WB2010PTC146698

VIDUSHI PROPERTIES PRIVATE LIMITED

Director

05/05/2010

05/05/2010

-

Active

NO

5

U27109WB2003PLC096899

BHASKAR STEEL AND FERRO ALLOY LIMITED

Director

30/09/2010

01/08/2010

-

Active

NO

 

 

Name :

Mr. Brij Mohan Beriwala

Designation :

Whole-time director

Address :

CD-45, Saltlake City, Sector I, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

13.08.1955

Qualification :

B.Com

Date of Appointment :

28.11.2001

PAN No.:

ADXPB6832H

DIN No.:

00789188

 

 

Name :

Mr. Ashish Beriwala

Designation :

Whole-time director

Address :

CD-45, Saltlake City, Sector I, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

14.04.1978

Qualification :

B.Com

Date of Appointment :

28.11.2001

PAN No.:

AEFPB2623F

DIN No.:

00789227

 

 

KEY EXECUTIVES

 

Name :

Rudra Priyanka

Designation :

Secretary

Address :

92, Subhas Nagar Road, Dum Dum Cantonment, Kolkata, West Bengal – 700065, India

Date of Birth/Age :

27.04.1987

Experience :

16.03.2013

PAN No.:

AXNPR2383M

 

 

KEY EXECUTIVES

 

Name :

Mr. Vivek

Designation :

Assistant General Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

Radhakrishan Brijmohan Beriwala (HUF)

 

1000000

Brijmohan Beriwala

 

1130700

Brijmohan Beriwala and Harimohan Beriwala

 

760000

Brijmohan Beriwala HUF

 

530700

Brijmohan Beriwala and Suman Beriwala

 

800

Suman Beriwala

 

753800

Nikunj Beriwala

 

553800

Nikunj Beriwala HUF

 

707600

Sweta Beriwala

 

707600

Ashish Beriwala

 

713800

Ashish Beriwala HUF

 

3200

Kirti Beriwala

 

1080000

Brijata Bhuwaika

 

200

Welkan Vinimay Private Limited, India

 

5500000

Vidushi Properties Private Limited

 

7770000

Harimohan Beriwala and Manju Beriwala

 

800

 

 

 

Total

 

21210000

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

Percentage

Bodies corporate

62.56

Directors or relatives of Directors

37.44

Total

100.00

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Trader of Iron and Steel Goods.

 

 

Products :

Not Divulged

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash, Cheque and Credit (60/90 days)

 

 

Purchasing :

Cash, Cheque and Credit (60/90 days)

 

 

GENERAL INFORMATION

 

Suppliers :

Not Divulged

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Not Divulged

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

Not Divulged

 

 

Bankers :
  • Allahabad Bank, Industrial Finance Branch, 17, R.N. Mukherjee Road, 4th Floor, Kolktata, West Bengal, India
  • Oriental Bank of  Commerce, Park Street (1st Floor), Kolkata – 700016, West Bengal, India
  • State Bank of India, Commercial Branch, Kolkata, 24, Park Street,  Kolktata – 700016, West Bengal, India
  • Oriental Bank of Commerce, Large Corporate Branch, 6th Floor, Om Towers, 32, J.L. Nehru Road, Kolkata – 700071,  West Bengal, India

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Term loans from banks

114.583

156.250

Other loans and advances

0.677

0.526

SHORT TERM BORROWING

 

 

Loans repayable on demand from banks

1763.884

1666.071

 

 

 

Total

1879.144

1822.847

 

Auditors :

 

Name :

M Satnaliwala and Company

Chartered Accountants

Address :

62, Bentinck Street, Kolkata, West Bengal, India

Income-tax PAN of auditor or auditor's firm :

AAFFM3516N

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

24000000

Equity Shares

Rs.10/- each

Rs. 240.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

21210000

Equity Shares

Rs.10/- each

Rs. 212.100 Million

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

31.03.2012

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

212.100

212.100

212.100

(b) Reserves & Surplus

2025.815

1966.419

597.658

(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)

2237.915

2178.519

809.758

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

115.260

156.776

214.887

(b) Deferred tax liabilities (Net)

98.328

93.990

84.612

(c) Other long term liabilities

446.606

522.998

340.082

(d) long-term provisions

2.591

2.676

1.847

Total Non-current Liabilities (3)

662.785

776.440

641.428

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

1763.884

1666.071

1443.185

(b) Trade payables

916.597

876.182

582.885

(c) Other current liabilities

125.823

125.630

132.277

(d) Short-term provisions

47.001

67.874

8.712

Total Current Liabilities (4)

2853.305

2735.757

2167.059

 

 

 

 

TOTAL

5754.005

5690.716

3618.245

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1979.980

2025.997

698.113

(ii) Intangible Assets

0.567

0.648

0.729

(iii) Capital work-in-progress

9.223

9.203

9.021

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.100

0.100

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

2.946

3.831

3.908

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

1992.816

2039.779

711.771

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

79.588

139.688

(b) Inventories

408.699

271.214

403.344

(c) Trade receivables

2052.526

1977.157

1423.864

(d) Cash and cash equivalents

107.958

116.898

70.612

(e) Short-term loans and advances

1181.348

1186.004

849.921

(f) Other current assets

10.658

20.076

19.045

Total Current Assets

3761.189

3650.937

2906.474

 

 

 

 

TOTAL

5754.005

5690.716