MIRA INFORM REPORT
|
Report No. : |
349358 |
|
Report Date : |
11.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
R.K. MARBLE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Makrana Road, Madanganj-Kishangarh, Kishangarh – 305801, Rajasthan |
|
Tel. No.: |
91-1463-301100 |
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|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
25.05.1989 |
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|
|
|
Com. Reg. No.: |
17-004974 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.631.557 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U14101RJ1989PTC004974 |
|
|
|
|
IEC No.: |
1395008884 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR9701L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Mining Marbles. |
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|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1989 having
good track record. Available financial indicates company strong financial risk profile marked
by healthy networth base along with comfortable liquidity position and
favorable gap between trade payables and trade receivables. Further, the rating also takes into consideration decent profitability
margin of the company. Fundamentals of the company are strong and healthy. Promoters are reported to be well experienced, knowledgeable and
respectable businessmen. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. In view of long track record and sound financial base, 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= A+ |
|
Rating Explanation |
Adequate degree of safety and carry low
credit risk. |
|
Date |
February, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities= A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
February, 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Abhishek Garg |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-1463-301100 |
|
Date : |
10.11.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Makrana Road, Madanganj-Kishangarh, Kishangarh – 305801, Rajasthan,
India |
|
Tel. No.: |
91-1463-301100 / 260101 / 10 |
|
Fax No.: |
91-1463-250601 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch 1 : |
11-C, Old Fatehpura, Near Seva Mandir, Udaipur – 313001,
Rajasthan, India |
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|
|
|
Branch 2 : |
Near Village Morwad, Rajasmand - 313326, Rajasthan, India |
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|
|
|
Branch 3 : |
90, Degree Stone A, Unit of R. K. Marble Private Limited, Near GVK Toll Plaza, NH-8, Jaipur Road, Badgaon, Kishangarh, District Ajmer – 305816, Rajasthan, India |
DIRECTORS
AS ON 24.09.2014
|
Name : |
Mr. Suresh Patni |
|
Designation : |
Managing Director |
|
Address : |
R.K. House, City Road, Madanganj-Kishangarh, Kishangarh – 305801,
Rajasthan, India |
|
Date of Birth/Age : |
28.11.1956 |
|
Date of Appointment : |
25.05.1989 |
|
DIN No.: |
00008230 |
|
PAN No.: |
ADUPP9022C |
|
Voter ID No.: |
MWJ/1920982 |
|
|
|
|
Name : |
Mr. Vineet Patni |
|
Designation : |
Managing Director |
|
Address : |
R.K. House , City Road, Madanganj-Kishangarh, Kishangarh – 305801,
Rajasthan, India |
|
Date of Birth/Age : |
25.09.1979 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
00008291 |
|
PAN No.: |
AAUPP5796Q |
|
Voter ID No.: |
MWJ/1921006 |
|
|
|
|
Name : |
Mr. Vinay Patni |
|
Designation : |
Managing Director |
|
Address : |
R.K. House , City Road, Madanganj-Kishangarh, Kishangarh – 305801,
Rajasthan, India |
|
Date of Birth/Age : |
17.05.1985 |
|
Date of Appointment : |
23.09.2009 |
|
DIN No.: |
02766274 |
|
PAN No.: |
AJNPP4279Q |
|
Voter ID No.: |
MWJ/1854165 |
|
|
|
|
Name : |
Mr. Vikas Patni |
|
Designation : |
Managing Director |
|
Address : |
R.K. House , City Road, Madanganj-Kishangarh, Kishangarh – 305801,
Rajasthan, India |
|
Date of Birth/Age : |
25.04.1980 |
|
Date of Appointment : |
01.02.2014 |
|
DIN No.: |
00015109 |
|
Voter ID No.: |
MWJ/1920958 |
|
|
|
|
Name : |
Mr. Vivek Patni |
|
Designation : |
Whole-time Director |
|
Address : |
R. K. House, Madanganj, Kishangarh - 308501, Rajasthan, India |
|
Date of Birth/Age : |
02.05.1992 |
|
Date of Appointment : |
01.12.2013 |
|
DIN No.: |
05170081 |
|
|
|
|
Name : |
Mr. Subhash Chander Agarwal |
|
Designation : |
Whole-time Director |
|
Address : |
R.K. Staff Colony, Arihant Vihar Colony, Madanganj-Kishangarh, Ajmer -
305801, Rajasthan, India |
|
Date of Appointment : |
21.01.2015 |
|
DIN No.: |
00122210 |
|
|
|
|
Name : |
Mr. Sanjay Bakliwal |
|
Designation : |
Whole-time Director |
|
Address : |
Oswali Mohalla, Madanganj-Kishangarh, Ajmer, 305801, Rajasthan, India |
|
Date of Birth/Age : |
31.01.1967 |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
00194066 |
KEY EXECUTIVES
|
Name : |
Ms. Namita Jain |
|
Designation : |
Secretary |
|
Address : |
Behind Shardul School, Oswali Mohalla,, Madanganj, Kishangarh,
Kishangarh, 305801, Rajasthan, India |
|
Date of Birth/Age : |
25.07.1979 |
|
Date of Appointment : |
16.04.2010 |
|
PAN No.: |
ALIPJ2019H |
|
|
|
|
Name : |
Mr. Abhishek Garg |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 24.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Patni |
|
4260668 |
|
Ashok Patni Karta of Ashok Kumar Patni (HUF) |
|
1861500 |
|
Sushila Devi Patni |
|
5511288 |
|
Vineet Patni |
|
4074438 |
|
Suresh Patni |
|
4859476 |
|
Suresh Patni Karta of Suresh Kumar Patni (HUF) |
|
1207000 |
|
Shanta Devi Patni |
|
5210171 |
|
Vinay Patni |
|
3171671 |
|
Vikas Patni |
|
3116871 |
|
Vimal Patni |
|
2291565 |
|
Vimal Patni Karta of Vimal Kumar Patni (HUF) |
|
1215000 |
|
Tarika Devi Patni |
|
5533785 |
|
Rishabh Patni |
|
1350000 |
|
Vivek Patni |
|
1393200 |
|
Kanwar Lal Patni Karta of Ratan Lala Patni (HUF) |
|
3626451 |
|
Kanwar Lal Patni |
|
3969796 |
|
Kanwar Lal Patni Kart of Kanwar Lal (HUF) |
|
2530197 |
|
Chattar Devi Patni |
|
5883509 |
|
Vineet Patni Karta of Vineet Patni (HUF) |
|
521280 |
|
Vikas Patni Karta of Vikash Patni (HUF) |
|
532780 |
|
Suchi Patni |
|
517777 |
|
Shraddha Patni |
|
517277 |
|
|
|
|
|
Total |
|
63155700 |
Equity Share Break up (Percentage of Total Equity)
AS ON 24.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Mining Marbles. |
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Products : |
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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 : |
Marbles |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash, Credit |
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Purchasing : |
L/C, Cash, Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users
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No. of Employees : |
2000 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
C.M. Agarwal and company Chartered Accountants |
|
Address : |
Opposite SBI, Main Market, Madanganj, Kishangarh, Ajmer –
305801, Rajasthan, India |
|
PAN No.: |
AACFC3261F |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Membership : |
Not Divulged |
|
|
|
|
Subsidiary : |
|
|
|
|
|
Enterprises controlled or significantly
influenced by key management personnel, their relatives and directors : |
|
CAPITAL STRUCTURE
AS ON 24.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs.750.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
63155700 |
Equity Shares |
Rs.10/- each |
Rs.631.557 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 |
631.557 |
631.557 |
631.557 |
|
(b) Reserves & Surplus |
4903.039 |
4284.247 |
3340.794 |
|
(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) |
5534.596 |
4915.804 |
3972.351 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
349.860 |
921.268 |
1273.400 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
49.125 |
42.805 |
36.824 |
|
Total Non-current
Liabilities (3) |
398.985 |
964.073 |
1310.224 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1015.981 |
1543.275 |
968.362 |
|
(b) Trade
payables |
185.339 |
206.754 |
7.663 |
|
(c) Other
current liabilities |
492.718 |
950.420 |
786.304 |
|
(d) Short-term
provisions |
66.906 |
30.139 |
26.313 |
|
Total Current
Liabilities (4) |
1760.944 |
2730.588 |
1788.642 |
|
|
|
|
|
|
TOTAL |
7694.525 |
8610.465 |
7071.217 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1150.654 |
1257.332 |
1071.527 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
16.047 |
2.074 |
190.221 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1871.188 |
1871.318 |
1037.178 |
|
(c) Deferred tax assets (net) |
96.848 |
84.197 |
83.565 |
|
(d) Long-term Loan and Advances |
29.110 |
139.608 |
168.861 |
|
(e) Other
Non-current assets |
89.577 |
3.444 |
4.684 |
|
Total Non-Current
Assets |
3253.424 |
3357.973 |
2556.036 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1264.132 |
585.008 |
428.197 |
|
(c) Trade
receivables |
685.244 |
562.232 |
427.374 |
|
(d) Cash
and cash equivalents |
745.530 |
491.582 |
214.553 |
|
(e)
Short-term loans and advances |
1743.680 |
3570.102 |
3433.734 |
|
(f) Other
current assets |
2.515 |
43.568 |
11.323 |
|
Total
Current Assets |
4441.101 |
5252.492 |
4515.181 |
|
|
|
|
|
|
TOTAL |
7694.525 |
8610.465 |
7071.217 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3851.010 |
3995.057 |
3686.196 |
|
|
|
Other Income |
1148.453 |
66.055 |
NA |
|
|
|
TOTAL |
4999.463 |
4061.112 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
2471.863 |
2384.471 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION |
2527.600 |
1676.641 |
1528.896 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
244.646 |
268.82 |
255.138 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2282.954 |
1407.821 |
1273.758 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
605.793 |
464.368 |
415.706 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
1677.161 |
943.453 |
858.052 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4214.758 |
3271.305 |
2413.253 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
5891.919 |
4214.758 |
3271.305 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports of Marble Block & Slabs |
42.558 |
22.580 |
40.449 |
|
|
|
Interest from Subsidiary Companies |
1063.762 |
0.000 |
8.063 |
|
|
TOTAL EARNINGS |
1106.320 |
22.580 |
48.512 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Spare Parts |
10.060 |
3.076 |
8.428 |
|
|
|
Marble Blocks |
1356.188 |
910.735 |
823.302 |
|
|
|
Capital Goods |
7.288 |
30.855 |
49.764 |
|
|
TOTAL IMPORTS |
1373.536 |
944.666 |
881.494 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
26.56 |
14.94 |
13.59 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
3750.000 |
The above information has been parted by Mr. aBHISHEK
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
157.089 |
471.093 |
330.138 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
43.55 |
23.62 |
23.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
39.98 |
21.16 |
22.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.29 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.28 |
0.60 |
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.52 |
1.92 |
2.52 |
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 |
631.557 |
631.557 |
631.557 |
|
Reserves & Surplus |
3340.794 |
4284.247 |
4903.039 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3972.351 |
4915.804 |
5534.596 |
|
|
|
|
|
|
long-term borrowings |
1273.400 |
921.268 |
349.860 |
|
Short term borrowings |
968.362 |
1543.275 |
1015.981 |
|
Current Maturities of Long term debt |
330.138 |
471.093 |
157.089 |
|
Total
borrowings |
2571.900 |
2935.636 |
1522.930 |
|
Debt/Equity
ratio |
0.647 |
0.597 |
0.275 |
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 |
3686.196 |
3995.057 |
3851.010 |
|
|
|
8.379 |
(3.606) |
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
|
3686.196 |
3995.057 |
3851.010 |
|
Profit |
858.052 |
943.453 |
1677.161 |
|
|
23.28% |
23.62% |
43.55% |
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 |
Yes |
|
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 |
-- |
|
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 |
|
Short Term Borrowings |
|
|
|
Intercorporate
Borrowings |
8.776 |
0.000 |
|
|
|
|
|
Total |
8.776 |
0.000 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10560798 |
21/03/2015 |
300,000,000.00 |
STATE BANK OF BIKANER & JAIPUR |
INDUSTRIAL
AREA, MADANGANJ, KISHANGARH, RAJASTHAN |
C49764665 |
|
2 |
10410183 |
23/02/2015 * |
100,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C46671640 |
|
3 |
10290265 |
21/05/2011 |
250,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B14290290 |
|
4 |
10223033 |
21/05/2010 |
250,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A87510574 |
|
5 |
10148017 |
19/03/2015 * |
1,250,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
C50281658 |
|
6 |
10012782 |
21/03/2015 * |
1,000,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
INDUSTRIAL AREA, MADANGANJ-KISHANGARH, RAJASTHAN - 305801, INDIA |
C50464007 |
*Date of modification Charges
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
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.66.34 |
|
|
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
65 |
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.