MIRA INFORM REPORT
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Report No. : |
323320 |
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Report Date : |
20.05.2015 |
IDENTIFICATION DETAILS
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Name : |
PHOOLTAS HARSCO RAIL SOLUTIONS PRIVATE LIMITED (w.e.f. 02.02.2010) |
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Formerly Known
As : |
PHOOLTAS TAMPER PRIVATE LIMITED |
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Registered
Office : |
Layak Bhawan, Boring Canal Road, Patna – 800001, Bihar |
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Tel No.: |
91-612-2534514/ 2530065 / 2520277 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.09.1987 |
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Com. Reg. No.: |
03-002744 |
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Capital
Investment / Paid-up Capital : |
Rs.2.350 Million |
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CIN No.: [Company Identification
No.] |
U00371BR1987PTC002744 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and trading of railway track maintenance equipment’s, its accessories and related services there off. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 240000 |
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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. Management has reported a dip in sales turnover during 2014 on account
of technical and administrative delays in getting approvals for its track
maintenance equipment from Indian Railways. Rating takes into accounts of company’s sound financial risk profile
supported by adequate net worth base and healthy debt protection metrics. Rating takes into accounts of working-capital-intensive operations and
tender based nature of its operations. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of stable market position on the back of extensive experience
of its promoters, the subject 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 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CRISIL |
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Rating |
Long Term Rating = BBB |
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Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
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Date |
07.04.2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating = A3+ |
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Rating Explanation |
Moderate degree of safety and higher credit
risk. |
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Date |
07.04.2014 |
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. Shyam Sundar |
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Designation : |
Director |
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Contact No.: |
91-612-2534514 |
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Date : |
19.05.2015 |
LOCATIONS
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Registered Office / Corporate Office / Factory : |
Layak Bhawan, Boring Canal Road, Patna – 800001, Bihar, India |
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Tel. No.: |
91-612-2534514/ 2530065 / 2520277 |
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Fax No.: |
91-612-2527229 |
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E-Mail : |
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Website : |
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Factory : |
Layak Enclaves, Sahay Nagar, Phulwarisharif, Patna, Bihar, India Plot No.1A, Sector-7, IIE (SIDCUL), Hardwar - 249403, Uttrakhand, India |
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East Zone Office : |
Neelamber Building, Flat no. 5 F, 5th Floor, 28-B, Shakespeare Sarani, Kolkata - 700017, West Bengal, India |
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Tel. No.: |
91-33-22872141/ 22908468 |
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Fax No.: |
91-33-22905390 |
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West Zone Office : |
'Punit Chambers', Flat No. 102, 1st Floor, Sector–18, Sanpada Station Road, Vashi-Turbhe, Navi Mumbai - 400 705, Maharashtra, India |
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Tel. No.: |
91-22-27888024 |
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Fax No.: |
91-22-27889862 |
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North Zone Office : |
'Unitech Business Zone, Tower C, Unit No. 804 and 805, Nirvana Country, South City – II, Sector - 50, Gurgaon - 122001, India |
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Tel. No.: |
91-124 – 2219668/ 2219968/ 2219528 |
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Regional Offices : |
Located At :
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DIRECTORS
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Name : |
Mr. Satyendra Kumar Agarwala |
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Designation : |
Director |
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Address : |
Layak Bhawan, Boring Canal Road, Patna – 800001, Bihar,
India |
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Date of Birth/Age : |
17.12.1952 |
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Date of Appointment : |
24.09.1987 |
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DIN No.: |
00016589 |
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Other Directorship:
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Name : |
Mr. Rajendra Kumar Agarwala |
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Designation : |
Director |
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Address : |
Layak Bhawan, Boring Canal Road, Patna – 800001, Bihar,
India |
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Date of Birth/Age : |
18.10.1954 |
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Date of Appointment : |
24.09.1987 |
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DIN No.: |
00016621 |
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Other Directorship:
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Name : |
Mr. Chittranjan Das Mittal |
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Designation : |
Director |
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Address : |
7, Jantat Mantar, New Delhi – 110001, India |
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Date of Birth/Age : |
11.09.1942 |
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Date of Appointment : |
12.08.1989 |
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DIN No.: |
00789699 |
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Other Directorship:
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Name : |
Mr. John Joseph Collins |
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Designation : |
Nominee Director |
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Address : |
330 Poindexter Lane, Lexington, South Carolina 290727858, USA |
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Date of Birth/Age : |
09.05.1964 |
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Date of Appointment : |
06.04.2012 |
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DIN No.: |
02838909 |
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Name : |
Mr. Avinash Radheshyam Samrit |
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Designation : |
Director |
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Address : |
2, Megha Hills, Ayyappa Society Road, Madhapur, Hyderabad - 500033, Telangana, India |
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Date of Appointment : |
25.03.2015 |
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DIN No.: |
03133623 |
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Other Directorship:
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Name : |
Ritdhvaj Agarwala |
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Designation : |
Director |
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Address : |
Layak Bhawan, Boring Canal Road, Patna – 800001, Bihar,
India |
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Date of Birth/Age : |
11.02.1988 |
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Date of Appointment : |
03.10.2013 |
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DIN No.: |
06618648 |
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Name : |
Mr. Sharad Bagri |
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Designation : |
#89, Beadon Street, 2nd Floor, Kolkata - 700006, West Bengal, India |
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Address : |
Additional Director |
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Date of Appointment : |
25.03.2015 |
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DIN No.: |
07048566 |
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Name : |
Mr. Shyam Sundar |
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Designation : |
Director |
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MAJOR SHAREHOLDERS
As on 22.09.2014
|
Names of Shareholders |
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No. of Shares |
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Satyendra Kumar Agarwala |
|
1327 |
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Rajendra Kumar Agarwala |
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1327 |
|
Speedcraft Limited, India |
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270 |
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Sushila Devi |
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146 |
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Mudit Agarwala |
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1200 |
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Sunita |
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1200 |
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Shashank Agarwala |
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1150 |
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Rohitashwa Kumar Agarwala |
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1200 |
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Nirmal Manufacturing and Marketing Company, India |
|
4700 |
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Harso Corporation |
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2400 |
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Phoolcand Satyendra Kumar (HUF) Through Its Karta Satyendra Kumar Agarwala |
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50 |
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Satyendra Kumar Agarwala (HUF) Through Its Karta Satyendra Kumar Agarwala |
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40 |
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Satyendra Kumar Agarwala and Sons (HUF) Through Its Karta Satyendra Kumar Agarwala |
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40 |
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Rajendra Kumar Agarwala (HUF) Through Its Karta Rajendra Kumar Agarwala |
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40 |
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Rajendra Kumar Agarwala and Sons (HUF) Through Its Karta Rajendra Kumar Agarwala |
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40 |
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Shashank Agarwala (HUF) Through Its Karta Shashank Agarwala |
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25 |
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Kavita Agarwala |
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25 |
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Harsco Rail, USA |
|
7000 |
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Phoolcand Agarwala Benefit Fund Through Its Trustee Satyendra Kumar Agarwala |
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5 |
Equity Share Break up (Percentage of Total Equity)
As on 22.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
40.00 |
|
Bodies corporate |
1.15 |
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Directors or relatives of Directors |
38.85 |
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Other top fifty shareholders |
20.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and trading of railway track maintenance equipment’s, its accessories and related services there off. |
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Products : |
Railway Track Maintenance Equipment’s, Its Accessories and
Related Services |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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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 |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
P. Agrawal and Company Chartered Accountants |
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Address : |
Ch-1, Road No.26, Sri Krishna Nagar, Patna – 800001, Bihar, India |
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PAN No.: |
AADFP3769N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates : |
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Enterprise in which relatives of KMP
have Sustained Interest
: |
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CAPITAL STRUCTURE
As on 22.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23500 |
Equity Shares |
Rs.100/- each |
Rs.2.350 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 |
2.350 |
2.350 |
2.350 |
|
(b) Reserves & Surplus |
81.399 |
69.263 |
55.268 |
|
(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) |
83.749 |
71.613 |
57.618 |
|
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|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
25.537 |
34.851 |
37.257 |
|
(b) Deferred tax liabilities (Net) |
0.963 |
0.964 |
0.853 |
|
(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) |
26.500 |
35.815 |
38.110 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
39.922 |
37.972 |
38.891 |
|
(b) Trade
payables |
183.474 |
215.498 |
176.702 |
|
(c) Other
current liabilities |
13.903 |
10.852 |
7.050 |
|
(d) Short-term
provisions |
0.000 |
0.546 |
1.092 |
|
Total Current
Liabilities (4) |
237.299 |
264.868 |
223.735 |
|
|
|
|
|
|
TOTAL |
347.548 |
372.296 |
319.463 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
9.977 |
9.999 |
8.827 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
9.977 |
9.999 |
8.827 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
79.324 |
88.514 |
83.992 |
|
(c) Trade receivables |
144.128 |
178.373 |
152.886 |
|
(d) Cash
and cash equivalents |
61.659 |
55.029 |
43.913 |
|
(e)
Short-term loans and advances |
41.593 |
35.414 |
23.250 |
|
(f) Other
current assets |
10.867 |
4.967 |
6.595 |
|
Total
Current Assets |
337.571 |
362.297 |
310.636 |
|
|
|
|
|
|
TOTAL |
347.548 |
372.296 |
319.463 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
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SALES |
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||
|
|
|
Income |
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL |
610.655 |
710.372 |
854.993 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
592.690 |
688.847 |
830.653 |
||
|
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|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
17.965 |
21.525 |
24.340 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
5.828 |
6.984 |
7.860 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
12.137 |
14.541 |
16.480 |
||
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
63.627 |
50.723 |
36.983 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
0.000 |
1.091 |
1.648 |
|
|
|
|
Dividend |
0.000 |
0.470 |
0.940 |
|
|
|
|
Tax on Dividend |
0.000 |
0.076 |
0.152 |
|
|
|
BALANCE CARRIED
TO THE B/S |
75.764 |
63.627 |
50.723 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
44.266 |
10.558 |
16.512 |
|
|
|
TOTAL EARNINGS |
44.266 |
10.558 |
16.512 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Components and Stores parts |
14.563 |
9.823 |
36.974 |
|
|
|
TOTAL IMPORTS |
14.563 |
9.823 |
36.974 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
516.00 |
619.00 |
701.00 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.673 |
0.134 |
0.185 |
|
Cash generated from operations |
34.512 |
31.507 |
6.418 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.17 |
5.78 |
7.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.30 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.79 |
1.02 |
1.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42 |
1.37 |
1.39 |
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 |
2.350 |
2.350 |
2.350 |
|
Reserves & Surplus |
55.268 |
69.263 |
81.399 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
57.618 |
71.613 |
83.749 |
|
|
|
|
|
|
Long Term borrowings |
37.257 |
34.851 |
25.537 |
|
Short Term borrowings |
38.891 |
37.972 |
39.922 |
|
Current Maturities of Long term debt |
0.185 |
0.134 |
0.673 |
|
Total
borrowings |
76.333 |
72.957 |
66.132 |
|
Debt/Equity
ratio |
1.325 |
1.019 |
0.790 |
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 |
|
Total Income |
854.993 |
710.372 |
610.655 |
|
|
|
(16.915) |
(14.037) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Total Income |
854.993 |
710.372 |
610.655 |
|
Profit |
16.480 |
14.541 |
12.137 |
|
|
1.93% |
2.05% |
1.99% |
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 |
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 |
Yes |
|
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 |
Yes |
|
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 |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans from Directors and Shareholders |
17.725 |
24.761 |
|
Loans from Body Corporate |
7.205 |
10.090 |
|
Total |
24.930 |
34.851 |
OPERATIONS AND FUTURE PROSPECTS:
During the year,
the Company has affected domestic supplies of eleven (11) no. 4 - Wheeler Overhead
Tower Wagon, eighteen (18) nos. Utility Track Vehicles, two (2) nos. Rail cum Road
vehicles and export of three (3) no. Rail-cum-Road Vehicle, three (3) nos. Rail
cum Road Hopper and four (4) nos. Rail cum Road Trailors, besides components,
spare parts and other services.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10503091 |
09/04/2014 |
690,000.00 |
STATE BANK OF INDIA |
SME BRANCH, PATLIPUTRA COLONY, PATNA, BIHAR - 800013, INDIA |
C06691778 |
|
2 |
10011890 |
17/02/2014 * |
605,000,000.00 |
STATE BANK OF INDIA |
SME BRANCH, PATLIPUTRA, PATNA, BIHAR - 800013, INDIA |
C00639559 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.63.58 |
|
|
1 |
Rs.100.30 |
|
Euro |
1 |
Rs.72.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.