MIRA INFORM REPORT
|
Report No. : |
332869 |
|
Report Date : |
24.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
VIRTUOUS URJA LIMITED (w.e.f 24.02.2009) |
|
|
|
|
Formerly Known
As : |
GENUS URJA LIMITED |
|
|
|
|
Registered
Office : |
D-116, Okhla Industrial Area, Phase-1, Okhla, New Delhi – 110020,
India |
|
Tel. No.: |
91-11-47114800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.30.2014 |
|
|
|
|
Date of
Incorporation : |
19.04.2007 |
|
|
|
|
Com. Reg. No.: |
55-162295 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 599.731 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51395DL2007PLC162295 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELV09110D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG8485G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter, Supplier and Importer of coal products. |
|
|
|
|
No. of Employees
: |
65 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company incorporated during the year 2007
having a satisfactory track record. Profit of the company has declined during FY 2014. However, net worth of the company is satisfactory. General financial
position of the company is normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payments
terms 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 – 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 (A -) (SO) |
|
Rating Explanation |
Adequate degree of safety and carry low credit risk |
|
Date |
September 2014 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities (A2+) (SO) |
|
Rating Explanation |
Strong degree of safety and carry low credit risk. |
|
Date |
September 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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Ajit |
|
Designation : |
Account Manager |
|
Contact No.: |
91-11-47114800 |
|
Date : |
21.07.2015 |
LOCATIONS
|
Registered Office Corporate Office: |
D-116, Okhla Industrial Area, Phase-1, Okhla, New Delhi – 110020,
India |
|
Tel. No.: |
91-11-47114800 |
|
Fax No.: |
91-11-47114832 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
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Branch Office 1 : |
308, Dev Arc Commercial- Complex, Nr. Fun Republic Multiplex, Satellite Road, Ahmedabad -15, Gujarat, India |
|
Tel. No.: |
91 79 26922703 |
|
|
|
|
Branch Office 2 : |
25D, Raja Annamalai Chettiar Road,
Purusawalkam, Chennai - 600084,
Tamilnadu, India |
|
Tel No.: |
91-44-45428819 |
|
|
|
|
Branch Office 3 : |
B –212, Durian Estate, Near Pravasi Industrial Estate, Off to Western Express Highway, Goregaon- Mulund Link Road Goregaon (East), Mumbai -63, Maharashtra, India |
|
Tel. No.: |
91 22 40037333 |
|
|
|
|
|
|
|
Overseas Branch Office 1 : |
Maple Natural Resources Pte Limited. 77, High Street Plaza, Singapore
179433 |
|
Tel No.: |
+65 9450 5158 |
|
|
|
|
Overseas Branch Office 2 : |
PT Maple Natural Resources, SA – 25, Ruko Bukit Gading Indah, J1
Gading Raya, Kelapa Gading, Jakarta Utara – 14240, Indonesia |
|
Tel/Fax No.: |
+62 21 29078810 |
|
HP: |
+62 8159232369 |
|
|
|
|
Overseas Branch Office 3 : |
Maple
Natural Resources. DWC LLC DWC ,
Business Center, Smart Office, Dubai Aviation City – Logistics City,
Dubai–UAE, P.O Box No – 390667 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Narayan Prasad Todi |
|
Designation : |
Director |
|
Address : |
B-5, Ganpati Enclave, Ajmer Road, Jaipur-302006, Rajasthan, India |
|
Date of Birth/Age : |
11.12.1966 |
|
Date of Appointment : |
19.04.2007 |
|
DIN No.: |
00014285 |
|
|
|
|
Name : |
Mr. Harshvardhan Agarwal |
|
Designation : |
Director |
|
Address : |
J/9, Civil Township, Rourkela, 769004, Orissa, India |
|
Date of Birth/Age : |
16.01.1987 |
|
Date of Appointment : |
09.10.2012 |
|
PAN No.: |
AHTPA8603M |
|
DIN No.: |
01769423 |
|
|
|
|
Name : |
Mr. Kailash Chandra Agarwal |
|
Designation : |
Director |
|
Address : |
247, 1st Floor, Sukhdev Vihar, New Delhi-110025, India |
|
Date of Birth/Age : |
20.10.1971 |
|
Date of Appointment : |
15.09.2008 |
|
DIN No.: |
00895365 |
|
|
|
|
Name : |
Mr. Ishwar Chand Agarwal |
|
Designation : |
Director |
|
Address : |
12, Dwarkapuri, Jamnalal Bajaj Marg, C-Scheme, Jaipur, 302001, Rajasthan, India |
|
Date of Appointment : |
15.06.2013 |
|
DIN No.: |
00011152 |
|
|
|
|
Name : |
Mr. Rameshwar Pareek |
|
Designation : |
Director |
|
Address : |
C-222, Vaishali Nagar, Jaipur-302021, Rajasthan, India |
|
Date of Birth/Age : |
01.11.1944 |
|
Date of Appointment : |
18.06.2012 |
|
DIN No.: |
00014224 |
|
|
|
|
Name : |
Mr. Surendra Agarwal |
|
Designation : |
Director |
|
Address : |
Ram Bhawan, Ramgarh Mode, Amer Road, Jaipur-302002, Rajasthan, India |
|
Date of Birth/Age : |
16.08.1981 |
|
Date of Appointment : |
18.06.2012 |
|
DIN No.: |
00108935 |
|
|
|
|
Name : |
Mr. Udit Agarwal |
|
Designation : |
Director |
|
Address : |
Z-16,17,18, Deen Dayal Nagar, PH-2, Moradabad-244001, Uttar Pradesh, India |
|
Date of Birth/Age : |
13.05.1973 |
|
Date of Appointment : |
18.06.2012 |
|
DIN No.: |
02820615 |
|
|
|
|
Name : |
Ms. Seema Todi |
|
Designation : |
Additional director |
|
Address : |
B-5, Ganpati Enclave, Ajmer Road, Jaipur, 302006, Rajasthan, India |
|
Date of Appointment : |
25.03.2015 |
|
DIN No.: |
00014303 |
KEY EXECUTIVES
|
Name : |
Nikita Dubey |
|
Designation : |
Secretary |
|
Address : |
80/415, Pratap Nagar, Sanganer, Jaipur-302033, Rajasthan, India |
|
Date of Birth/Age : |
24.06.1989 |
|
Date of Appointment : |
15/12/2011 |
|
PAN No.: |
ATOPD7106P |
|
|
|
|
Name : |
Mr. Ajit |
|
Designation : |
Account Manager |
|
|
|
|
Name : |
Mr. Rajendra Prasad Sodani |
|
Designation : |
Chief Finance Officer |
|
Address : |
H.No.550A,Kanishka Residency,Gf, Ashoka Enclave-3,Sector-35,
Faridabad, 121003, Haryana, India |
|
Date of Appointment : |
03.11.2014 |
|
PAN No.: |
ACTPS5539H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
Equity Shares |
|
Kailash Chandra Agarwal |
|
1151000 |
|
Ishwar Chand Agarwal |
|
995000 |
|
Himanshu Agarwal |
|
405000 |
|
Anand Todi |
|
250000 |
|
Rakesh Agarwal |
|
60000 |
|
Jjitendra Kumar Agarwal |
|
1000 |
|
Amit
Kumar Agarwal |
|
1000 |
|
Rajendra Kumar Agarwal |
|
100 |
|
Monisha
Agarwal |
|
900 |
|
Shanti Devi Agarwal |
|
1000 |
|
Genus Power Infrastructures Limited |
|
4677586 |
|
CRG Trading and Finvest Private Limited |
|
9141897 |
|
Sunima Trading Private Limited |
|
1862069 |
|
Sansar Infrastructure Private Limited, India |
|
2796552 |
|
Kailash Industries Limited |
|
40000 |
|
Kailash Coal and Coke Company Limited |
|
40000 |
|
Genus Paper and Board Limited, India |
|
80000 |
|
Vivekshil Dealers Private Limited, India |
|
2290000 |
|
Total |
|
23793104 |
|
Names of Shareholders |
Preference
Shares |
|
CRG Trading and Finvest Private Limited, India |
338000 |
|
Neotex Vinimay Private Limited, India |
50000 |
|
Paramjyoti Traders Private Limited, India |
50000 |
|
Tejaswani Commercial Private Limited, India |
50000 |
|
Sansar Infrastructure Private Limited, India |
297500 |
|
Sunima Trading Private Limited |
132500 |
|
Total |
918000 |
|
Names of Shareholders |
10%
Cumulative Redeemable Preference
Shares |
|
Genus Power Infrastructures Limited |
500000 |
|
Total |
500000 |
|
Names of Shareholders |
6%
Cumulative Optionally Convertible Redeemable Preference Shares |
|
Genus Power Infrastructures Limited |
2200000 |
|
Total |
2200000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
87.96 |
|
Directors or relatives of Directors |
12.04 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter, Supplier and Importer of coal products. |
|
|
|
|
Products : |
Coal |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Coal |
|
Countries : |
Singapore |
|
|
|
|
Imports : |
|
|
Products : |
Coal |
|
Countries : |
Indonesia |
|
|
|
|
Terms : |
|
|
Selling : |
Advance Payment |
|
|
|
|
Purchasing : |
Advance Payment |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Others and Traders
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No. of Employees : |
65 (Approximately) |
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Bankers : |
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Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Pradeep Hari and Company Chartered Accountants |
|
Address : |
Opposite Reserve Police Lines, 10, Civil Lines, Moradabad-244001,
Uttar Pradesh, India |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AOSPK1459H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
Virtuous paper and urja limited [CIN No. U21000DL2013PLC253588] |
|
|
|
|
Subsidiary company
: |
Virtuous mining limited [CIN No. U14290DL2013PLC256304] Pt. Maple Natural Resources, Indonesia Maple Natural Resources Pte. Ltd., Indonesia Maple Natural Resources DWC LLC, United Arab Emirates |
|
|
|
|
Others : |
Genus Power Infrastructures limited, [CIN No. L51909UP1992PLC051997], India Genus Paper & Boards Limited, [CIN No. L21098UP2012PLC048300], India Genus International Commodities Limited [CIN No. U51909RJ2003PLC032085], India Genus Electrotech Limited [CIN No. U32109DL2003PLC121435], India |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 300.000 Million |
|
4,000,000 |
Preference Shares |
Rs.100/- each |
Rs. 400.000 Million |
|
|
Total |
|
Rs. 700.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23,793,104 |
Equity Shares |
Rs.10/- each |
Rs. 237.931 Million |
|
9,18,000 |
Preference Shares |
Rs.100/- each |
Rs. 91.800 Million |
|
5,00,000 |
10% Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs. 50.000 Million |
|
22,00,000 |
6% Cumulative Optionally Convertible Redeemable Preference Shares |
Rs.100/- each |
Rs. 220.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 599.731 Million |
ABRIDGED
BALANCE SHEET
FINANCIAL DATA
[all figures are
in Rupees Million]
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
599.731 |
379.731 |
152.800 |
|
(b) Reserves & Surplus |
190.782 |
184.996 |
45.058 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
78.000 |
|
Total Shareholders’
Funds (1) + (2) |
790.513 |
564.727 |
275.858 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
8.948 |
78.735 |
|
(b) Deferred tax liabilities (Net) |
0.155 |
0.288 |
0.221 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.130 |
0.626 |
0.484 |
|
Total Non-current
Liabilities (3) |
1.285 |
9.862 |
79.440 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
83.391 |
68.650 |
0.000 |
|
(b) Trade
payables |
2185.896 |
1213.011 |
911.105 |
|
(c) Other
current liabilities |
55.499 |
27.196 |
11.960 |
|
(d) Short-term
provisions |
6.262 |
18.612 |
9.097 |
|
Total Current
Liabilities (4) |
2331.048 |
1327.469 |
932.162 |
|
|
|
|
|
|
TOTAL |
3122.846 |
1902.058 |
1287.460 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
19.612 |
6.871 |
3.202 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
4.150 |
2.358 |
2.358 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
117.887 |
63.376 |
46.479 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
61.026 |
61.276 |
0.000 |
|
(e) Other
Non-current assets |
1.300 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
203.975 |
133.881 |
52.039 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
534.011 |
291.560 |
351.475 |
|
(c) Trade
receivables |
1793.847 |
1237.952 |
544.488 |
|
(d) Cash
and cash equivalents |
380.466 |
207.558 |
196.532 |
|
(e)
Short-term loans and advances |
206.294 |
22.898 |
138.465 |
|
(f) Other
current assets |
4.253 |
8.209 |
4.461 |
|
Total
Current Assets |
2918.871 |
1768.177 |
1235.421 |
|
|
|
|
|
|
TOTAL |
3122.846 |
1902.058 |
1287.460 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3839.098 |
2912.773 |
2166.334 |
|
|
|
Other Income |
54.207 |
16.070 |
10.091 |
|
|
|
TOTAL |
3893.305 |
2928.843 |
2176.425 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.000 |
|
|
|
Purchases of Stock-in-Trade |
3970.794 |
2693.931 |
1783.024 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(242.451) |
59.914 |
273.566 |
|
|
|
Employees benefits expense |
32.611 |
19.437 |
13.400 |
|
|
|
Other expenses |
44.399 |
28.511 |
15.838 |
|
|
|
TOTAL |
3805.353 |
2801.793 |
2085.828 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
87.952 |
127.050 |
90.597 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
67.437 |
68.865 |
60.784 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
20.515 |
58.185 |
29.813 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1.445 |
0.615 |
0.613 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
19.070 |
57.570 |
29.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.053 |
18.607 |
9.474 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
12.017 |
38.963 |
19.726 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
83.927 |
44.964 |
25.238 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
898.982 |
657.852 |
NA
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.51 |
3.84 |
1.97 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.150 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
32.152 |
(133.018) |
164.3,64,6 |
FINANCIAL DATA
[all figures are
in Rupees Million]
|
Particulars |
|
|
31.03.2015 (Provisional) |
|
Sales Turnover |
|
|
4968.4000 |
|
|
|
Due
to production increased |
|
The above information has been parted by Mr. Ajit (Accont Manager)
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
0.31 |
1.34 |
0.91 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
2.29 |
4.36 |
4.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.64 |
3.14 |
2.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.10 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.11 |
0.14 |
0.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.33 |
1.33 |
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 |
152.800 |
379.731 |
599.731 |
|
Reserves & Surplus |
45.058 |
184.996 |
190.782 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
78.000 |
0.000 |
0.000 |
|
Net worth |
275.858 |
564.727 |
790.513 |
|
|
|
|
|
|
long-term borrowings |
78.735 |
8.948 |
0.000 |
|
Short term borrowings |
0.000 |
68.650 |
83.391 |
|
Total borrowings |
78.735 |
77.598 |
83.391 |
|
Debt/Equity ratio |
0.285 |
0.137 |
0.105 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
2166.334 |
2912.773 |
3839.098 |
|
|
|
34.456 |
31.802 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
2166.334 |
2912.773 |
3839.098 |
|
Profit |
19.726 |
38.963 |
12.017 |
|
|
0.91% |
1.34% |
0.31% |
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 |
No |
|
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 |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
BUSINESS PERFORMANCE REVIEW
During the year the company has recorded a growth in Gross Sales/turnover of Rs. 3791.690 Million as compared to Rs. 2912.458 Million of the previous year. The net profit of the company has decreased as compared to next year which is Rs 19.070 Million as compared to Rs 57.594 Million in the previous year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans repayable on demand |
0.000 |
8.594 |
|
Total |
0.000 |
8.594 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10560718 |
02/02/2015 |
250000000 |
HDFC BANK LIMITED |
2nd Floor,Express Building, 9-10,BahadurShah Zafar Marg, ITO, NEW DELHI, Delhi - 110002, INDIA |
C49725906 |
|
2 |
10533124 |
24/11/2014 * |
150000000 |
Axis Bank Limited |
STATESMAN HOUSE,148, BARAKHAMBA ROAD, DELHI, Delhi - 110001, INDIA |
C37001534 |
|
3 |
10533347 |
03/11/2014 |
166,000,000.00 |
HDFC BANK LIMITED |
2ND FLOOR,EXPRESS BUILDING, 9-10,BAHADURSHAH ZAFAR MARG,ITO, NEW DELHI, Delhi - 110002, INDIA |
C35026954 |
|
4 |
10531470 |
24/09/2014 |
234,000,000.00 |
HDFC BANK LIMITED |
2ND FLOOR,EXPRESS BUILDING, 9-10,BAHADURSHAH ZAFAR MARG,ITO, NEW DELHI, Delhi - 110002, INDIA |
C33717232 |
|
5 |
10379219 |
14/10/2013 * |
2,500,000,000.00 |
Axis Bank Limited |
AXIS BANK (LEAD
BANK) 2ND FLOOR, STATESMAN HOUSE, |
B87171468 |
FIXED ASSETS
- Plant and machinery
- Furniture and fixture
- Computer
- Vehicles
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.63.89 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.70.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIV |
|
|
|
|
Analysis Done by
: |
KMN |
|
|
|
|
Report Prepared
by : |
DDD |
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 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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
unfavorable 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.