MIRA
INFORM REPORT
|
Report No. : |
346404 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHILPA STEEL AND POWER LIMITED (w.e.f.15.10.2011) |
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|
|
Formerly Known
As : |
SHILPA STEEL AND POWER PRIVATE LIMITED (w.e.f.31.05.2011) SHILPA RE-ROLLERS PRIVATE LIMITED |
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Registered
Office : |
1,2,3 and 4, Wanjra Layout, |
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Tel. No.: |
91-712-2640061 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
28.01.1988 |
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Com. Reg. No.: |
11-046038 |
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Capital
Investment / Paid-up Capital : |
Rs. 9.990 Million |
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CIN No.: [Company Identification
No.] |
U27100MH1988PLC046038 |
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IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPS00753E |
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PAN No.: [Permanent Account No.] |
AABCS8627D |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business
: |
Manufacturer, Exporter and Supplier of |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 incorporated in the year 1988 having
satisfactory track. Available financial indicates company’s sound financial risk profile marked
by healthy net worth position with fair liquidity and decent profit margin of
the company. The rating further takes into consideration favorable gap between
trade payables and trade receivables and promoters extensive industry
experience. Trade relations are reported to be improving. Business is active.
Payment terms are reported as usually correct and as per commitments. 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.
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 |
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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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and carry moderate credit risk |
|
Date |
May 22, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and carry higher credit risk |
|
Date |
May 22, 2015 |
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 DENIED BY
|
Name : |
Mr. Ibrahim Fidvi |
|
Designation : |
Finance Head |
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Contact No.: |
91-9503104641 |
|
Date : |
21.10.2015 |
|
Name : |
Mr. Anil Jain |
|
Designation : |
Marketing Manager |
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Contact No.: |
91-9503104605 |
|
Date : |
21.10.2015 |
LOCATIONS
|
Registered Office : |
1,2,3 and 4, Wanjra Layout, Kamptee Road, Nagpur – 440026,
Maharashtra, India |
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Tel. No.: |
91-712-2640060/ 61 |
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Fax No.: |
91-712-2640097 |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Krishnakumar Bagaria |
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Designation : |
Managing Director |
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|
Address : |
2, Surana Layout, Vijay Nagar, Nagpur – 440013, Maharashtra, India |
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Date of Birth/Age : |
23.01.1951 |
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Date of Appointment : |
28.01.1988 |
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DIN No.: |
00515846 |
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PAN No.: |
ABWPB2002J |
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Name : |
Saraswatidevi Bagaria |
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Designation : |
Whole Time Director |
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Address : |
Surana Layout, Nagpur - 440013,
Maharashtra, India |
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Date of Birth/Age : |
16.03.1955 |
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Date of Appointment : |
28.01.1988 |
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DIN No.: |
00515906 |
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PAN No.: |
ABWPB2034J |
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Name : |
Karan Bagaria |
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Designation : |
Whole Time Director |
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Address : |
2, Surana Layout, Rajnagar, Nagpur – 440001, Maharashtra, India |
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Date of Birth/Age : |
10.11.1981 |
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Date of Appointment : |
01.04.2005 |
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DIN No.: |
00602948 |
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Name : |
Shilpa Poddar |
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Designation : |
Director |
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Address : |
6C, Singhi Park, 48/3, Gariahat Road, Kolkata – 700019, India |
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Date of Birth/Age : |
21.05.1977 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
01227879 |
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Other
Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Ibrahim Fidvi |
|
Designation : |
Finance Head |
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|
|
Name : |
Mr. Anil Jain |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Krishnakumar Bagaria |
|
681920 |
|
Saraswati Bagaria |
|
292080 |
|
Shilpa Poddar |
|
2500 |
|
Karan Bagaria |
|
22500 |
|
Sudhir D. Thengdi |
|
10 |
|
Khushbu Bagaria |
|
10 |
|
Sharad Seth |
|
10 |
|
Anurag Poddar |
|
10 |
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Total |
|
999040 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplier of Transmission Line
Tower, Bim, Angle, Tower. |
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Products : |
Not Divulged |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
Information declined by the management |
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Bankers : |
State Bank of India, Industrial Finance Branch, 5, Sai
Complex, Bharat Nagar, Amravati Road, Nagpur - 440033, Maharashtra,
India |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
Loya Bagri and Associates Chartered Accountants |
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Address : |
Flat No. 102, Plot No.24, Kheta Layout, Wardha Road, New Snehnagar,
Somalwwada, Nagpur – 15, Maharashtra, India |
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PAN No.: |
AAAFL2907C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital: Rs. 50.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 49.952
Million
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
999,040 |
Equity Shares |
Rs. 10/-
each |
Rs. 9.990
Millions |
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|
|
|
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FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.990 |
9.990 |
9.990 |
|
(b) Reserves & Surplus |
1531.535 |
1284.827 |
1095.138 |
|
(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) |
1541.525 |
1294.817 |
1105.128 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
280.337 |
129.860 |
37.317 |
|
(b) Deferred tax liabilities (Net) |
59.991 |
21.995 |
23.519 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
21.774 |
20.711 |
16.810 |
|
Total Non-current Liabilities (3) |
362.102 |
172.566 |
77.646 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1323.646 |
1026.818 |
796.515 |
|
(b) Trade payables |
150.723 |
151.575 |
45.495 |
|
(c) Other current
liabilities |
167.839 |
202.565 |
140.596 |
|
(d) Short-term provisions |
89.356 |
92.233 |
91.545 |
|
Total Current Liabilities (4) |
1731.564 |
1473.191 |
1074.151 |
|
|
|
|
|
|
TOTAL |
3635.191 |
2940.574 |
2256.925 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
998.027 |
401.055 |
404.039 |
|
(ii) Intangible Assets |
1.193 |
1.652 |
1.894 |
|
(iii) Capital
work-in-progress |
50.978 |
123.921 |
0.330 |
|
(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 |
10.033 |
7.398 |
10.023 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1060.231 |
534.026 |
416.286 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1318.366 |
1504.010 |
1024.313 |
|
(c) Trade receivables |
872.430 |
631.987 |
568.358 |
|
(d) Cash and cash
equivalents |
192.759 |
75.526 |
35.079 |
|
(e) Short-term loans and
advances |
191.405 |
195.025 |
212.889 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
2574.960 |
2406.548 |
1840.639 |
|
|
|
|
|
|
TOTAL |
3635.191 |
2940.574 |
2256.925 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4467.127 |
3865.092 |
3019.556 |
|
|
|
Other Income |
91.681 |
54.364 |
81.373 |
|
|
|
TOTAL (A) |
4558.808 |
3919.456 |
3100.929 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3193.439 |
3210.948 |
2312.781 |
|
|
|
Purchases of Stock-in-Trade |
38.388 |
13.550 |
17.926 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
87.088 |
(411.233) |
(163.723) |
|
|
|
Employees benefits expense |
123.278 |
113.035 |
94.346 |
|
|
|
Other expenses |
470.271 |
486.659 |
364.816 |
|
|
|
TOTAL (B) |
3912.464 |
3412.959 |
2626.146 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
646.344 |
506.497 |
474.783 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
216.170 |
179.885 |
158.744 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
430.174 |
326.612 |
316.039 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
63.447 |
59.796 |
59.778 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
366.727 |
266.816 |
256.261 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
123.237 |
86.814 |
85.382 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
243.490 |
180.002 |
170.879 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
243.72 |
180.17 |
171.04 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
5.45
|
4.65 |
5.66 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.75
|
13.10 |
15.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.23 |
9.47 |
11.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.21 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.04 |
0.89 |
0.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49 |
1.63 |
1.71 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
9.990 |
9.990 |
9.990 |
|
Reserves & Surplus |
1095.138 |
1284.827 |
1531.535 |
|
Net
worth |
1105.128 |
1294.817 |
1541.525 |
|
|
|
|
|
|
long-term borrowings |
37.317 |
129.860 |
280.337 |
|
Short term borrowings |
796.515 |
1026.818 |
1323.646 |
|
Total
borrowings |
833.832 |
1156.678 |
1603.983 |
|
Debt/Equity
ratio |
0.755 |
0.893 |
1.041 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3019.556 |
3865.092 |
4467.127 |
|
|
|
28.002 |
15.576 |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
3019.556 |
3865.092 |
4467.127 |
|
Profit |
170.879 |
180.002 |
243.490 |
|
|
5.66% |
4.66% |
5.45% |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90243791 |
09/12/2014 * |
2,760,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, 5, SAI COMPLEX, BHARAT Maharashtra - 440033, INDIA |
C39047485 |
|
2 |
90215831 |
22/04/2013 * |
2,460,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, 5-SAI COMPLEX, BHARAT Maharashtra - 440033, INDIA |
B75271908 |
|
3 |
90210949 |
20/04/1998 |
40,000,000.00 |
STATE BANK OF INDIA |
CENTRAL AVENUE, NAGPUR, Maharashtra, INDIA |
- |
|
4 |
90215392 |
24/03/1998 * |
37,500,000.00 |
STATE BANK OF INDIA |
CENTRAL AVENUE, NAGPUR, Maharashtra, INDIA |
- |
|
5 |
90215329 |
14/01/1994 * |
22,500,000.00 |
STATE BANK OF INDIA |
CENTRAL AVENUE ROAD, NAGPUR, Maharashtra, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Deferred sales tax loan |
29.867 |
35.005 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand |
37.993 |
26.040 |
|
Total |
67.860 |
61.045 |
FIXED ASSETS
·
Land
·
Buildings
·
Factory Buildings
·
Plant and Equipments
·
Factory Equipments
·
Furniture and Fixture
·
Vehicles
·
Office Equipments
·
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. 65.15 |
|
UK Pound |
1 |
Rs. 100.54 |
|
Euro |
1 |
Rs. 73.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared by
: |
JYO |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.