MIRA INFORM REPORT
|
Report No. : |
350665 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
FROST INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
907-910, Meadows, Sahar Plaza, Andheri Kurla Road, Andheri (East) Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-28240901 / 42634444 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.05.1995 |
|
|
|
|
Com. Reg. No.: |
11-018067 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.274.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05001MH1995PLC243081 |
|
|
|
|
IEC No.: |
0695001086 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
KNPF01025D |
|
|
|
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PAN No.: [Permanent Account No.] |
AAACF2299P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Trader, Exporter, Importer and Supplier of Agro Commodities,
Minerals and Metals, Textile and Fabrics. |
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|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
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 |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company incorporated in the year 1995 having
satisfactory track. Profit margin of the company is low. However, networth base of the
company is satisfactory. General financial position of the company is normal
and acceptable for business dealing. The ratings further take into consideration company’s decent liquidity
position and extensive experience of its promoters. Trade relations are reported as fair. Business is active. Payment terms
are reported to be usually correct and as per commitment. In view of long track record
and sound financial base, 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
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities= BBB- |
|
Rating Explanation |
Moderate degree of safety and carry moderate
credit risk. |
|
Date |
April 29, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities=A3 |
|
Rating Explanation |
Moderate degree of safety and carry higher
credit risk. |
|
Date |
April 29, 2015 |
RBI DEFAILTERS’ 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. MahendraShukla |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9838070338 |
|
Date : |
19.11.2015 |
LOCATIONS
|
Registered Office : |
907-910, Meadows, Sahar Plaza, Andheri Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-28240901/ 42634444 |
|
Mobile : |
91-9838070338 (Mr. Magendra Shukla) |
|
Fax No.: |
91-22-28240906 |
|
E-Mail : |
frost.mumbai@frostinternaitonal.in |
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Marketing Office : |
# C 69 and 70, Okhla Industrial Area, Phase I, New Delhi - 110 020,
India |
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Tel. No.: |
91-11-40694444 |
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Fax No.: |
91-11-40694474 |
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E-Mail : |
|
|
|
|
|
Kolkata Office / Warehouse : |
S.B. Tower, Unit 4 - 4D, 3rd Floor, 37, Shakespeare Sarani,
Kolkata - 700 017, West Bengal, India |
|
Tel. No.: |
91-33-40164444 |
|
Fax No.: |
91-33-40164474 |
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E-Mail: |
|
|
|
|
|
Head Office : |
402, Kalpana Plaza, 24/147-B, Birhana Road, Kanpur – 208 001, Uttar
Pradesh, India |
|
Tel. No.: |
91-512-2379246/ 2319246 |
|
Fax No.: |
91-512-2348188/ 2353188 |
|
E-Mail : |
|
|
|
|
|
Ahmedabad Office / Branch : |
# 406, 4th Floor, Sail’s Mall, B/H, Girish Cold Drink, C.G.
Road, Navrangpura, Ahmedabad – 380 009, Gujarat, India |
|
E-Mail : |
|
|
|
|
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Head Office and
International Marketing Division : |
Aria Towers - 3rd Floor, Commercial Block, JW Marriott
Hotel, Aerocity, |
DIRECTORS
AS ON 25.09.2014
|
Name : |
Mr. Uday Jayant Desai |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
2A/360, Azad Nagar, Kanpur – 208 002, Uttar Pradesh, India |
|
Date of Birth/Age : |
02.07.1956 |
|
Date of Appointment : |
29.12.2008 |
|
DIN No.: |
00039009 |
|
|
|
|
Name : |
Mr. Sunil Kumar Verma |
|
Designation : |
Whole Time Director |
|
Address : |
3A/175, Azad Nagar, Kanpur – 208 002, Uttar Pradesh, India |
|
Date of Birth/Age : |
04.10.1957 |
|
Date of Appointment : |
01.09.2009 |
|
DIN No.: |
00038861 |
|
|
|
|
Name : |
Mr. Sanjay Uday Desai |
|
Designation : |
Director |
|
Address : |
2A/360, Azad Nagar, Kanpur – 208 002, Uttar Pradesh, India |
|
Date of Appointment : |
02.09.2014 |
|
DIN No.: |
00039105 |
|
|
|
|
Name : |
Mr. Ajay Kumar Shri Kishan Saraogi |
|
Designation : |
Director |
|
Address : |
2A/175, Azad Nagar, Kanpur – 208 002, Uttar Pradesh, India |
|
Date of Birth/Age : |
26.08.1956 |
|
Qualification : |
B.A., LL.B |
|
Date of Appointment : |
17.09.2010 |
|
DIN No.: |
00130805 |
|
|
|
|
Name : |
Mr. Anoop Kumar Wadhera |
|
Designation : |
Whole Time Director |
|
Address : |
9/1, Sarva Priya Vihar, New Delhi – 110 017, India |
|
Date of Birth/Age : |
25.09.1956 |
|
Date of Appointment : |
01.09.2009 |
|
DIN No.: |
00335211 |
|
|
|
|
Name : |
Mr. Krishnavadan Popatlal Shah |
|
Designation : |
Director |
|
Address : |
801, Gopal Krishna Apartment, Dumas Road, Surat, Gujarat, India |
|
Date of Birth/Age : |
09.09.1931 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
17.09.2010 |
|
DIN No.: |
02908268 |
|
|
|
|
Name : |
Mr. Prabhjot Trilok Singh |
|
Designation : |
Director |
|
Address : |
Perfection House, 15, Rajpur Road, Dehradun, Uttarakhand, India |
|
Date of Birth/Age : |
08.11.1965 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
17.09.2010 |
|
DIN No.: |
02954935 |
|
|
|
|
Name : |
Mr. Sandhya Swarup |
|
Designation : |
Director |
|
Address : |
15/96, Civil Lines, Kanpur – 208001, Uttar Pradesh, India |
|
Date of Appointment : |
15.06.2015 |
|
DIN No.: |
06981782 |
|
|
|
|
Name : |
Mr. Sujay Uday Desai |
|
Designation : |
Director |
|
Address : |
3A/90 Azad Nagar, Kanpur - 208002, Uttar Pradesh, India |
|
Date of Appointment : |
02.09.2011 |
|
DIN No.: |
00039105 |
KEY EXECUTIVES
|
Name : |
Mr. Mahendra Shukla |
|
Designation : |
Finance Head |
|
|
|
|
Name : |
Mr. Sujay Uday Desai |
|
Designation : |
Chief Executive Officer |
|
Address : |
3A/90 Azad Nagar, Kanpur - 208002, Uttar Pradesh, India |
|
Date of Appointment : |
25.09.2014 |
|
PAN No.: |
AGRPD9999E |
|
|
|
|
Name : |
Ms. Astha Chaturvedi |
|
Designation : |
Secretary |
|
Address : |
J 78 MIG, Barra 7 Kanpur, Kanpur - 208027, Uttar Pradesh, India |
|
Date of Appointment : |
01.04.2015 |
|
PAN No.: |
BDMPC4695P |
|
|
|
|
Name : |
Mr. Atul Rastogi |
|
Designation : |
Chief Finance Officer |
|
Address : |
403 Ramnika, 7/186 Swaroop Nagar, Kanpur - 208002, Uttar Pradesh, India |
|
Date of Appointment : |
25.09.2014 |
|
PAN No.: |
ABPPR2829E |
MAJOR SHAREHOLDERS
AS ON 25.09.2014
|
Names of Shareholders |
No. of Shares |
|
Sunil Verma |
2350000 |
|
Uday J. Desai |
4027500 |
|
Anoopkumar Wadhera |
1544450 |
|
Nilima U. Desai |
2699000 |
|
Rita Verma |
2226775 |
|
Poonam Wadhera |
64475 |
|
Uday J. Desai Karta of Uday J. Desai HUF |
1576500 |
|
Sunil Verma Karta of Sunil Verma HUF |
682800 |
|
Saral Verma |
1417500 |
|
Sujay U. Desai |
4100000 |
|
Suman J. Desai |
1300000 |
|
Nipun Verma |
1700000 |
|
Sanjana Desai |
1360000 |
|
Anoop Kumar Wadhera Karta of Anoop Kumar Wadhera HUF |
60000 |
|
Sanjay Sanganeria |
1000 |
|
Globiz Exim Private Limited |
240000 |
|
Olympic Oil Industries Limited |
2050000 |
|
Total |
27400000 |
LIST OF ALLOTTEES
As on 05.11.2014
|
Names of Allottees |
No. of Shares |
|
Sunil Verma |
280200 |
|
Uday J. Desai |
308700 |
|
Total |
588900 |
As on 10.11.2014
|
Names of Allottees |
No. of Shares |
|
Sanjay U. Desai |
314190 |
|
Sanjana U. Desai |
104150 |
|
Total |
418340 |
As on 07.12.2014
|
Names of Allottees |
No. of Shares |
|
Nilima U. Desai |
206850 |
|
Rita Verma |
270700 |
|
Total |
477550 |
Equity Share Break up (Percentage of Total Equity)
AS ON 25.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter, Importer and Supplier of Agro
Commodities, Minerals and Metals, Textile and Fabrics. |
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Products : |
·
Agro Commodities ·
Minerals and Metals ·
Precious Metals and Gems ·
Plastics and Polymers ·
Textile and Fabrics ·
Raw Silk Yarn ·
Stationary Products ·
Medicine and Bulk Drugs
|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished goods |
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Countries : |
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Imports : |
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Products : |
Finished goods |
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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
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
150 (Approximately) |
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Bankers : |
·
Oriental Bank of Commerce IFB-A Block, Connaught
Place, New Delhi – 110001, Delhi, India, Facilities = LC = Rs. 2350.000 Million ·
Bank of Baroda, Vile Parle West Branch, Somaiya Sadan,
D. J. Road, Vile Parle West, Mumbai – 400056, Maharashtra, India ·
Allahabad Bank, Main Branch, Bara Chouraha,
Kanpur – 208001, Uttar Pradesh, India Facilities = LC Rs. 2900.000 Million |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Rajiv Mehrotra and Associates Chartered Accountants |
|
Address : |
Anjani,
Kheterpal 401701 3/3-A,Vishnupuri, Kanpur – 208002, Uttar Pradesh, India |
|
PAN No.: |
AAFFR0926B |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
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Collaborators : |
Not Divulged |
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|
|
|
Associates : |
U51109UP2005PTC030368
U24231UP1989PTC010498
U11100UP2009PLC038320 |
|
|
|
|
Subsidiary : |
U74140GJ2012PTC068782 |
CAPITAL STRUCTURE
After 25.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29500000 |
Equity Shares |
Rs.10/- each |
Rs.295.000 Million |
|
|
|
|
|
AS ON 25.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27400000 |
Equity Shares |
Rs.10/- each |
Rs.274.000 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 |
274.000 |
253.000 |
238.000 |
|
(b) Reserves & Surplus |
4076.861 |
3001.138 |
2209.294 |
|
(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) |
4350.861 |
3254.138 |
2447.294 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1055.525 |
1059.256 |
992.756 |
|
(b) Deferred tax liabilities (Net) |
48.386 |
72.741 |
71.559 |
|
(c) Other long term
liabilities |
0.000 |
1.455 |
1.465 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1103.911 |
1133.452 |
1065.780 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
1289.173 |
1486.873 |
1408.390 |
|
(b) Trade
payables |
51413.394 |
32583.527 |
19884.472 |
|
(c) Other
current liabilities |
3892.413 |
5438.546 |
333.875 |
|
(d) Short-term
provisions |
469.921 |
367.948 |
155.460 |
|
Total Current Liabilities
(4) |
57064.901 |
39876.894 |
21782.197 |
|
|
|
|
|
|
TOTAL |
62519.673 |
44264.484 |
25295.271 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
507.469 |
433.651 |
432.538 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
23.851 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
252.461 |
248.265 |
261.248 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
546.502 |
435.559 |
658.491 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1306.432 |
1117.475 |
1376.128 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
428.940 |
782.690 |
1433.200 |
|
(c) Trade
receivables |
26540.275 |
8986.530 |
8772.689 |
|
(d) Cash
and cash equivalents |
31322.515 |
30430.244 |
11805.827 |
|
(e)
Short-term loans and advances |
1801.632 |
1763.490 |
1420.683 |
|
(f) Other
current assets |
1119.879 |
1184.055 |
486.744 |
|
Total
Current Assets |
61213.241 |
43147.009 |
23919.143 |
|
|
|
|
|
|
TOTAL |
62519.673 |
44264.484 |
25295.271 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
132056.030 |
88642.763 |
62554.065 |
|
|
|
Other Income |
221.557 |
214.741 |
178.096 |
|
|
|
TOTAL (A) |
132277.587 |
88857.504 |
62732.161 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.000 |
|
|
|
Purchase of Stock-in-trade |
129530.196 |
86038.237 |
61519.460 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
353.750 |
650.510 |
(494.033) |
|
|
|
Employee Benefits Expenses |
96.923 |
69.615 |
61.670 |
|
|
|
Other Expenses |
282.759 |
382.866 |
477.025 |
|
|
|
TOTAL (B) |
130263.628 |
87141.228 |
61564.122 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2013.959 |
1716.276 |
1168.039 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
686.602 |
584.190 |
455.516 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
1327.357 |
1132.086 |
712.523 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
66.344 |
60.049 |
42.320 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
1261.013 |
1072.037 |
670.203 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
437.290 |
356.383 |
213.211 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
823.723 |
715.654 |
456.992 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY – ON FOB |
121970.772 |
79547.381 |
47821.947 |
|
|
|
|
|
|
|
|
|
|
IMPORTS -
CAPITAL GOODS |
104486.020 |
57520.742 |
40556.078 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
31.74 |
29.57 |
22.62 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
143580.000 |
|
|
|
|
|
Expected Sales (2015-2016) : Rs.147500.000 Million
The above information has been parted by Mr. Mahendra Shukla (Finance
Head)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
24.016 |
22.984 |
20.377 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flow from (Used in) operations |
2082.123 |
19330.247 |
4649.755 |
|
Net Cash flow from (used in) operating Activities |
1644.833 |
18973.863 |
4436.544 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
0.62 |
0.81 |
0.73 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
1.53 |
1.94 |
1.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
2.03 |
2.44 |
2.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.33 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.54 |
0.79 |
0.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.08 |
1.10 |
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 |
238.000 |
253.000 |
274.000 |
|
Reserves & Surplus |
2209.294 |
3001.138 |
4076.861 |
|
Net
worth |
2447.294 |
3254.138 |
4350.861 |
|
|
|
|
|
|
long-term borrowings |
992.756 |
1059.256 |
1055.525 |
|
Short term borrowings |
1408.390 |
1486.873 |
1289.173 |
|
Current Maturities of Long term debt |
20.377 |
22.984 |
24.016 |
|
Total
borrowings |
2421.523 |
2569.113 |
2368.714 |
|
Debt/Equity
ratio |
0.989 |
0.789 |
0.544 |
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 |
62554.065 |
88642.763 |
132056.030 |
|
|
|
41.706 |
48.976 |
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
|
62554.065 |
88642.763 |
132056.030 |
|
Profit |
456.992 |
715.654 |
823.723 |
|
|
0.73% |
0.81% |
0.62% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
NOTE:
The registered office of the company has been shifted from 402, Kalpana
Plaza, 24/147-B, Birhana Road, Kanpur – 208 001, Uttar Pradesh, India to the
present address w.e.f. 02.03.2013.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Deposits from others |
329.282 |
438.470 |
|
Loans and advances from related parties |
615.911 |
471.823 |
|
|
|
|
|
Total |
945.193 |
910.293 |
INDEX OF CHARGE:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10529799 |
28/08/2015 * |
39,280,000,000.00 |
BANK OF INDIA (LEAD BANK) |
MID CORPORATE BRANCH, 26/41, THAPPER HOUSE BIRHAN |
C64818644 |
|
2 |
10485235 |
12/03/2014 |
4,050,000,000.00 |
ORIENTAL BANK OF COMMERCE |
I FB -A BLOCK, CONNAUGHT PLACE, NEW DELHI, Delhi |
C00550137 |
|
3 |
10474732 |
22/01/2014 |
1,550,000,000.00 |
CANARA BANK |
MAKER TOWER , F- WING ,85, CUFFE PARADE, MUMBAI, |
B95139275 |
|
4 |
10414691 |
06/02/2013 |
1,616,000.00 |
Axis Bank Limited |
RAC - Kolkata, Loards Building, 1st Floor, 7/1 Lord Sinha Road,
Kolkata, West Bengal - 700071, INDIA |
B71707582 |
|
5 |
10403768 |
03/02/2013 |
5,853,563.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, West Bengal - 700046, INDIA |
B68420033 |
|
6 |
10400281 |
04/12/2012 |
2,117,000.00 |
Axis Bank Limited |
RAC - Kolkata, Loards Building, 1st Floor, 7/1 Lord Sinha Road,
Kolkata, West Bengal - 700071, INDIA |
B67011353 |
|
7 |
10400289 |
03/12/2012 |
10,400,000.00 |
Axis Bank Limited |
RAC - Kolkata, Loards Building, 1st Floor, 7/1 Lord Sinha Road,
Kolkata, West Bengal - 700071, INDIA |
B67015727 |
|
8 |
10387667 |
02/11/2012 |
562,000.00 |
Axis Bank Limited |
RAC - Kolkata, Loards Building, 1st Floor, 7/1 Lord Sinha Road,
Kolkata, West Bengal - 700071, INDIA |
B62433479 |
|
9 |
10387669 |
20/10/2012 |
576,000.00 |
Axis Bank Limited |
RAC - Kolkata, Lords Building, 1st Floor, 7/1 Lord Sinha Road, Kolkata,
West Bengal - 700071, INDIA |
B62434527 |
|
10 |
10382924 |
20/11/2013 * |
385,000,000.00 |
Oriental Bank of Commerce |
M-1/2/3, Cannaught Circus, New Delhi, Delhi - 110001, INDIA |
B93814580 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
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 |
|
47 |
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.