MIRA INFORM REPORT
|
Report No. : |
344280 |
|
Report Date : |
12.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
BALBIR KUMAR TARUN KUMAR STEEL TRADERS |
|
|
|
|
Registered
Office : |
671-677, Industrial Area B, Ludhiana - 141003, Punjab |
|
Tel. No.: |
91-161-2530537 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 (BALBIR KUMAR
TARUN KUMAR STEEL TRADERS LIMITED) |
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|
|
|
Year of
establishment : |
April 2015 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TIN No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trader of all types of Iron and Steel. |
|
|
|
|
No. of Employees
: |
6 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
NB |
New Business |
|
|
Status : |
New Business |
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|
|
|
Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Mr. Rakesh Sharma, Accounts and Finance Manager has informed that Balbir Kumar Tarun Kumar Steel Traders Limited was established in the year 1997 and closed in the year 2015. Later from April 2015 it has established as proprietary concern. Further, he claimed that the concern has achieved turnover of Rs.400.000 Million in the year 2015, which could not be verified. Payments are unknown. The concern can be considered for business dealings on sale and secure 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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. Rakesh Sharma |
|
Designation : |
Accounts and Finance Manager |
|
Contact No.: |
91-9316169200 |
|
Date : |
09.10.2015 |
LOCATIONS
|
Registered Office : |
671-677, Industrial Area B, Ludhiana - 141003, Punjab, India |
|
Tel. No.: |
91-161-2530537 |
|
Mobile No.: |
91-9316169200 (Mr. Rakesh Sharma) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
500 Yard |
|
Location : |
Owned |
|
Locality: |
Industrial |
SOLE PROPRIETOR
|
Name : |
Mr. Tarun Kumar Gupta |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
38 Years |
|
Qualification : |
Graduate |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Sharma |
|
Designation : |
Accounts and Finance Manager |
BUSINESS DETAILS
|
Line of Business : |
Trader of all types of Iron and Steel. |
|
|
|
|
Products : |
Iron and steel |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
|
|
Selling : |
Cheque and Credit |
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|
|
|
Purchasing : |
Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
6 (Approximately) |
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Bankers : |
|
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Auditors : |
|
|
Name : |
Rakesh Goel and Associates Chartered Accountants |
|
Address : |
B-15/503 ST. No.1 Nirankari Mohalla, Overlock Road, Ludhiana – 141003,
Punjab, India |
|
Tel. No.: |
91-161-2533174/2532574 |
|
Mobile No.: |
91-9814058370 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AALFR0310D |
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|
|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
|
Sister Concern : |
-- |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Million]
NEW BUSINESS
Expected Sales (2015-2016) : Rs.400.000 Million
The above information has been parted by Mr. Rakesh Sharma
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
BALBIR
KUMAR TARUN KUMAR TRADERS LIMITED
IDENTIFICATION DETAILS
|
Registered
Office : |
671-677, Industrial Area B, Ludhiana - 141003, Punjab |
|
Tel. No.: |
91-161-2530537 |
|
|
|
|
Date of
Incorporation : |
21.04.1997 |
|
|
|
|
Com. Reg. No.: |
16-019702 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51420PB1997PLC019702 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sandeep Gupta |
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|
Designation : |
Managing director |
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|
Address : |
B-V,1174, Street No-1, Madhopuri, Ludhiana - 141008,
Punjab, India |
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|
Date of Birth/Age : |
09.04.1975 |
||||||||||||||||||
|
Date of Appointment : |
20.12.2006 |
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|
DIN No.: |
00657555 |
||||||||||||||||||
|
Other
Directorship:
|
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|
||||||||||||||||||
|
Name : |
Mr. Tarun Gupta |
||||||||||||||||||
|
Designation : |
Whole-time director |
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|
Address : |
H.NO.16 Prem Gali, Madhopuri, Ludhiana - 141008, Punjab,
India |
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|
Date of Birth/Age : |
04.10.1976 |
||||||||||||||||||
|
Date of Appointment : |
20.12.2006 |
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|
DIN No.: |
00665445 |
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|
Other
Directorship:
|
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|
|
|
||||||||||||||||||
|
Name : |
Mr. Balbir Kumar Gupta |
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|
Designation : |
Director |
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|
Address : |
B-V,1174, Street No-1, Madhopuri, Ludhiana - 141008,
Punjab, India |
||||||||||||||||||
|
Date of Birth/Age : |
15.01.1945 |
||||||||||||||||||
|
Date of Appointment : |
21.04.1997 |
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DIN No.: |
00657565 |
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|
|
||||||||||||||||||
|
Name : |
Rakhi Gupta |
||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||
|
Address : |
B-V,1174, Street No-1, Madhopuri, Ludhiana - 141008,
Punjab, India |
||||||||||||||||||
|
Date of Birth/Age : |
21.08.1975 |
||||||||||||||||||
|
Date of Appointment : |
17.07.2003 |
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|
DIN No.: |
00657584 |
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|
|
||||||||||||||||||
|
Name : |
Monika Gupta |
||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||
|
Address : |
B-V,1174, Street No-1, Madhopuri, Ludhiana - 141008,
Punjab, India |
||||||||||||||||||
|
Date of Birth/Age : |
18.08.1980 |
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|
Date of Appointment : |
17.07.2003 |
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|
DIN No.: |
00664224 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Tarun Gupta |
|
23500 |
|
Sandeep Gupta |
|
17300 |
|
Balbir Kumar Gupta |
|
36700 |
|
Namla Gupta |
|
50 |
|
Pushpa Gupta |
|
2600 |
|
Anita Goyal |
|
50 |
|
Veer Chand Goyal |
|
50 |
|
Biran Devi |
|
2000 |
|
Rakhi Gupta |
|
41000 |
|
Monika Gupta |
|
42350 |
|
Tarun Kumar HUF |
|
26000 |
|
Sandeep Kumar Gupta HUF |
|
16000 |
|
Balbir Kumar Gupta HUF |
|
16000 |
|
Intelligence Softech Private Limited, India |
|
13200 |
|
Litman Power System Private Limited, India |
|
13200 |
|
Sunder Buildwell Limited, India |
|
10000 |
|
Total |
|
260000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
14.00 |
|
Directors or relatives of Directors |
86.00 |
|
Total |
100.00 |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
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|
Customers : |
|
SECURED LOAN
(Rs.
In Million)
|
PARTICULARS |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Term loan from banks |
0.384 |
1.562 |
|
Total |
0.384 |
1.562 |
Note:
The requisite
particulars in respect of secured borrowings are as under
(Rs.
In Million)
|
PARTICULARS |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
|
|
|
|
Term loan from HDFC Bank Limited |
|
|
|
Balance Outstanding |
1.478 |
2.689 |
|
Less: Current Maturity |
1.094 |
1.127 |
|
Non current amount |
0.384 |
1.562 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Borrowing from directors |
03.753 |
7.539 |
|
Borrowing from shareholders relative and friends |
13.682 |
12.820 |
|
Total |
17.435 |
20.359 |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
260000 |
Equity Shares |
Rs.10/- each |
Rs. 2.600 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 |
2.600 |
2.600 |
2.600 |
|
(b) Reserves & Surplus |
18.451 |
18.116 |
17.630 |
|
(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) |
21.051 |
20.716 |
20.230 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
17.819 |
21.921 |
14.162 |
|
(b) Deferred tax liabilities (Net) |
(0.029) |
0.087 |
0.107 |
|
(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) |
17.790 |
22.008 |
14.269 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
61.622 |
81.608 |
66.355 |
|
(c) Other current liabilities |
15.989 |
4.361 |
7.679 |
|
(d) Short-term provisions |
0.000 |
0.004 |
0.000 |
|
Total
Current Liabilities (4) |
77.611 |
85.973 |
74.034 |
|
|
|
|
|
|
TOTAL |
116.452 |
128.697 |
108.533 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.096 |
4.075 |
1.092 |
|
(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 |
0.006 |
0.006 |
0.006 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3.102 |
4.081 |
1.098 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
23.085 |
40.908 |
22.831 |
|
(c) Trade receivables |
70.337 |
78.457 |
73.236 |
|
(d) Cash and cash equivalents |
19.584 |
4.655 |
10.951 |
|
(e) Short-term loans and
advances |
0.344 |
0.596 |
0.417 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
113.350 |
124.616 |
107.435 |
|
|
|
|
|
|
TOTAL |
116.452 |
128.697 |
108.533 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
415.360 |
443.039 |
334.296 |
|
|
Other Income |
0.187 |
0.078 |
0.078 |
|
|
TOTAL
(A) |
415.547 |
443.117 |
334.374 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
389.610 |
452.706 |
338.473 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
17.822 |
(18.076) |
(10.415) |
|
|
Employees benefits expense |
0.590 |
0.549 |
0.360 |
|
|
Other expenses |
3.615 |
4.129 |
3.662 |
|
|
TOTAL
(B) |
411.637 |
439.308 |
332.080 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
3.910 |
3.809 |
2.294 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.392 |
2.275 |
1.358 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.518 |
1.534 |
0.936 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1.030 |
0.820 |
0.265 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
0.488 |
0.714 |
0.671 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.152 |
0.228 |
0.215 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
0.336 |
0.486 |
0.456 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1.88 |
2.75 |
1.78 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
400.000 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1.095 |
1.128 |
0.159 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.08 |
0.11 |
0.14 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.94 |
0.86 |
0.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.42 |
0.55 |
0.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.90 |
1.11 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46 |
1.45 |
1.45 |
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 |
2.600 |
2.600 |
2.600 |
|
Reserves & Surplus |
17.630 |
18.116 |
18.451 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
20.230 |
20.716 |
21.051 |
|
|
|
|
|
|
long-term borrowings |
14.162 |
21.921 |
17.819 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
0.159 |
1.128 |
1.095 |
|
Total
borrowings |
14.321 |
23.049 |
18.914 |
|
Debt/Equity
ratio |
0.708 |
1.113 |
0.898 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
334.296 |
443.039 |
415.360 |
|
|
|
32.529 |
(6.248) |
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 |
334.296 |
443.039 |
415.360 |
|
Profit |
0.456 |
0.486 |
0.336 |
|
|
0.14% |
0.11% |
0.08% |
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 |
Yes |
|
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
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 |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
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 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS
- Plant and Machinery
- Machinery
- Generator
- Vehicles
- Office Equipment
- Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.64.78 |
|
UK Pound |
1 |
Rs.99.54 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
KVT |
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.