MIRA INFORM REPORT
|
Report No. : |
346721 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
AERON COMPOSITE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block No. 496/P, Shade "A", Tajpur Road, Sarkhaj Bavla
Highway, Changodar, Taluka Sanand, Changodar, Ahmedabad – 382213, Gujarat |
|
Tel. No.: |
91-79-65258500/ 86565731 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.05.2011 |
|
|
|
|
Com. Reg. No.: |
04-065419 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209GJ2011PTC065419 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA10860D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCA5031D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Fiber Glass Reinforce Plastic
Products i.e. Cable Tray, Gratings, Pole, Structure Profiles, Handrails etc. |
|
|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2011 having
moderate track. The company has shown significant growth in its turnover and profit
durng FY 2014. However, the rating is constrained by limited track record of business
operation, leveraged capital structure and low reserves level of the company. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered for business dealings with some caution. |
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. Ravi Patel |
|
Designation : |
General Manager |
|
Contact No.: |
91-9979886882 |
LOCATIONS
|
Registered Office/ Factory : |
Block No. 496/P, Shade "A", Tajpur Road, Sarkhaj Bavala Highway,
Changodar, Taluka Sanand, Changodar, Ahmedabad – 382213, Gujarat, India |
|
Tel. No.: |
91-79-65258500/ 86565731 |
|
Mobile No.: |
91-9979886882 (Mr. Ravi Patel) |
|
Fax No.: |
91-79-26561238 |
|
E-Mail : |
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|
Website : |
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|
Area : |
9000 Yard |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Vishal Amrutlal Vachhani |
|
Designation : |
Director |
|
Address : |
F/109, Shilalekh Hindu Society, Opposite Police Stadium, Shahibaug,
Ahmedabad – 380004, Gujarat, India |
|
Date of Birth/Age : |
04.11.1982 |
|
Qualification : |
B. Tech |
|
Date of Appointment : |
13.05.2011 |
|
DIN No.: |
03514301 |
|
|
|
|
Name : |
Mr. Chirag Kirtibhai Padalia |
|
Designation : |
Director |
|
Address : |
Kirti, 83, Nutan Nagar, Kalawad Road, Rajkot – 360001, Gujarat, India |
|
Date of Birth/Age : |
23.10.1988 |
|
Qualification : |
B. Tech |
|
Date of Appointment : |
13.05.2011 |
|
DIN No.: |
03514314 |
|
|
|
|
Name : |
Mr. Pankaj Shantilal Dadhaniya |
|
Designation : |
Director |
|
Address : |
A-901, 8th Floor, Sepal Residency, Ashwamegh Bunglows-5,
132, Ring Road, Satellite, Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
21.02.1973 |
|
Qualification : |
MBA |
|
Date of Appointment : |
13.05.2011 |
|
DIN No.: |
02100802 |
|
|
|
|
Name : |
Mr. Dilipbhai Ratilal Patel |
|
Designation : |
Director |
|
Address : |
A-703, Prayag Residency, Near Pratishtha Apartment, Opposite Nima
School, Bodakdev, Ahmedabad – 380054, Gujarat, India |
|
Date of Birth/Age : |
08.11.1954 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
13.05.2011 |
|
DIN No.: |
00314623 |
|
|
|
|
Name : |
Mr. Ravi Pankajkumar Patel |
|
Designation : |
Director |
|
Address : |
Shree Kalyan, Surjit Society,, India Colony, Bapunagar,, Ahmedabad, 380024, Gujarat, India |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
03427590 |
KEY EXECUTIVES
|
Name : |
Mr. Ravi Patel |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Gaurav Kishorebhai Bhanvadiya |
|
45500 |
|
Vishal Amrutlal Vachhani |
|
106000 |
|
Chirag Kirtibhai Padalia |
|
78000 |
|
Pankaj Shantilal Dadhaniya |
|
136500 |
|
Dilipbhai Ratilal Patel |
|
48000 |
|
Jayesh D. Patel |
|
30000 |
|
Vishal D. Patel |
|
30000 |
|
Bipinbhai Ratilal Patel |
|
34000 |
|
Kantaben B. Patel |
|
22500 |
|
Hemang B. Patel |
|
50000 |
|
Pankajbhai R. Patel |
|
75000 |
|
Pravinaben P. Patel |
|
11500 |
|
Ravi P. Patel |
|
50000 |
|
Alpeshbhai S. Dadhaniya |
|
136500 |
|
Twinkle V Vachhani |
|
25000 |
|
Shobhanaben A. Vachhani |
|
25000 |
|
Anand K. Padalia |
|
78000 |
|
Pravinaben K. Padalia |
|
78000 |
|
Gautambhai K. Bhanvadiya |
|
45500 |
|
Chandubhai R. Patel |
|
45500 |
|
Prabhaben C. Patel |
|
43500 |
|
Chirag C. Patel |
|
37500 |
|
Payal C. Patel |
|
10000 |
|
Manishaben D. Patel |
|
18500 |
|
Tejal J. Patel |
|
10000 |
|
Bipinbhai R. Patel |
|
30000 |
|
|
|
|
|
Total |
|
1300000 |
List of Allottees
As on 15.01.2015
|
Names of (Preference Shares) Allottees |
|
No. of Shares |
|
Alpesh S. Dadhaniya |
|
55000 |
|
Pankaj S. Dadhaniya |
|
55000 |
|
Chirag K. Padaliya |
|
30000 |
|
Anand K. Padaliya |
|
30000 |
|
Pravinaben K. Padaliya |
|
30000 |
|
Vishal A. Vachhani |
|
30000 |
|
Shobhnaben A. Vachhani |
|
15000 |
|
Twinkle A. Vachhani |
|
15000 |
|
Ravi P. Patel |
|
60000 |
|
Chirag C. Patel |
|
60000 |
|
Vishal D. Patel |
|
60000 |
|
Hemang B. Patel |
|
60000 |
|
Total |
|
500000 |
AS ON 30.09.2014
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Fiber Glass Reinforce Plastic
Products i.e. Cable Tray, Gratings, Pole, Structure Profiles, Handrails etc. |
|
|
|
|
Products : |
· Pultruded Products · FRP/GRP Gratings · Light Poles and Utility Poles · Cooling Tower Solutions · FRP Epoxy Pultruded Profiles · Piping System · FRP Trefoil Clamps · FRP/GRP Tanks ·
FRP/GRP Luminaries |
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
|
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Products : |
Finished Goods |
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Countries : |
· Italy · Sri Lanka · USA · Malaysia |
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· Egypt · China |
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|
|
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Terms : |
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Selling : |
Cash and Credit |
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|
|
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
80 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
B. H. Mangarolia and Company Chartered Accountants |
|
Address : |
408, “Mahakant”, Opposite V S Hospitl, Ashram Road, Ahmedabad –
380006, Gujarat, India |
|
Tel. No. : |
91-79-26578527/ 26576849 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAWPM1650Q |
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Enterprises owned
or significantly influenced by Key management personnel or their relatives : |
· Jal Agro Industries · Chamak Paintchem Limited · A Innovative International Limited · A International Private Limited · Chamak Polymers Private Limited · Chamak Paint Industries · Calcium Chemical Industries · Artico Innovation Private Limited ·
Chamak Lime Agency |
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital : Rs.22.500 Million
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,300,000 |
Equity Shares |
Rs.10/- each |
Rs. 1.300 Million |
|
5,00,000 |
Preference Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
TOTAL |
|
Rs.1.800 Million |
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 1.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,300,000 |
Equity Shares |
Rs.10/- each |
Rs. 1.300 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 |
13.000 |
13.000 |
0.100 |
|
(b) Reserves & Surplus |
3.944 |
1.168 |
0.097 |
|
(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) |
16.944 |
14.168 |
0.197 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
9.943 |
10.310 |
15.110 |
|
(b) Deferred tax liabilities (Net) |
1.259 |
0.426 |
0.041 |
|
(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) |
11.202 |
10.736 |
15.151 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
20.604 |
15.615 |
1.251 |
|
(b) Trade
payables |
20.404 |
11.560 |
2.491 |
|
(c) Other
current liabilities |
8.913 |
5.612 |
1.527 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
49.921 |
32.787 |
5.269 |
|
|
|
|
|
|
TOTAL |
78.067 |
57.691 |
20.617 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
22.092 |
10.962 |
4.743 |
|
(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 |
0.020 |
0.020 |
0.020 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.131 |
3.631 |
0.158 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
22.243 |
14.613 |
4.921 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
29.753 |
15.900 |
6.887 |
|
(c) Trade
receivables |
12.697 |
12.274 |
6.810 |
|
(d) Cash
and cash equivalents |
4.718 |
9.237 |
0.733 |
|
(e) Short-term
loans and advances |
8.656 |
5.667 |
1.266 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
55.824 |
43.078 |
15.696 |
|
|
|
|
|
|
TOTAL |
78.067 |
57.691 |
20.617 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
118.036 |
60.204 |
8.298 |
|
|
|
Other Income |
0.408 |
0.259 |
0.952 |
|
|
|
TOTAL (A) |
118.444 |
60.463 |
9.250 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
85.726 |
46.185 |
6.789 |
|
|
|
Purchases of Stock-in-Trade |
5.227 |
2.895 |
1.422 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(8.219) |
(6.936) |
(4.996) |
|
|
|
Employees benefits expense |
7.148 |
3.785 |
2.036 |
|
|
|
Other expenses |
16.698 |
10.286 |
3.434 |
|
|
|
TOTAL (B) |
106.580 |
56.215 |
8.685 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
11.864 |
4.248 |
0.565 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.538 |
1.222 |
0.060 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.326 |
3.026 |
0.505 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.867 |
1.210 |
0.334 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
4.459 |
1.816 |
0.171 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.683 |
0.745 |
0.074 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
2.776 |
1.071 |
0.097 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
29.777 |
15.113 |
0.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
4.989 |
0.000 |
0.000 |
|
|
|
Capital Goods |
3.294 |
1.381 |
0.000 |
|
|
TOTAL IMPORTS |
8.283 |
1.381 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.14 |
1.52 |
9.71 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
2.340 |
1.776 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.35 |
1.78 |
1.17 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
10.05 |
7.06 |
6.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.71 |
3.15 |
0.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.13 |
0.87 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.94 |
1.96 |
83.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.31 |
2.98 |
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 |
0.100 |
13.000 |
13.000 |
|
Reserves & Surplus |
0.097 |
1.168 |
3.944 |
|
Net
worth |
0.197 |
14.168 |
16.944 |
|
|
|
|
|
|
long-term borrowings |
15.110 |
10.310 |
9.943 |
|
Short term borrowings |
1.251 |
15.615 |
20.604 |
|
Current Maturities of
Long-Term Debts |
0.000 |
1.776 |
2.340 |
|
Total
borrowings |
16.361 |
27.701 |
32.887 |
|
Debt/Equity
ratio |
83.051 |
1.955 |
1.941 |
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 |
8.298 |
60.204 |
118.036 |
|
|
|
625.524 |
96.060 |
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 |
8.298 |
60.204 |
118.036 |
|
Profit |
0.097 |
1.071 |
2.776 |
|
|
1.17% |
1.78% |
2.35% |
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) |
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 |
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 |
CHANGE OF ADDRESS
The Registered office of the company has been
shifted from, Block No.496/P, Shade-A, Tajpur Road, Sarkhej Balwa Highway,
Changadar, Tal. Sanan, Changodar – 382213, Gujarat, India, to the present
address w.e.f. 18.05.2011.
COMPANY
OVERVIEW
The company, incorporated under the Companies Ad, 1956 vide CIN -U25209GJ2011PTC065419 having its registered office at 496/P, Shade "A", Tajpur Road, Sarkhej Bavla Highway, Changodar, Sanand Ahmedabad - 382213 Gujarat and engaged in Trading and Manufacturing of Fiber Glass Reinforce Plastic Products i.e. Cable Tray, Gratings, Pole, Structure Profiles, Handrails etc.
OPERATIONS
The company has achieved a turnover of Rs. 118.036 Million (Previous Year Rs. 60.204 Million) and registered profit after tax of Rs.2.776 Million (Previous Year Rs. 1.071 Million). The turnover has been increased at remarkable height compared to previous year and the company has registered a handsome growth in Net Profit. The company will constantly try to achieve higher goal in the future
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
0.307 |
0.000 |
|
SHORT TERM
BORROWINGS |
|
|
|
Other loans and advances |
7.072 |
0.000 |
|
|
|
|
|
Total |
7.379 |
0.000 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10378509 |
18/09/2014 * |
90,000,000.00 |
STATE BANK OF INDIA |
MEDIUM ENTERPRISE CELL, NAVRANGPURA BRANCH, NR. NAVRANGPURA TELEPHONE EXCHANGE, C.G.ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
C33339763 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
|
|
|
|
Counter Guarantees given to the Banks in respect of various guarantees issued by the Bank to the third parties. |
2.597 |
1.155 |
FIXED ASSETS
· Buildings
· Plant and Equipment
· Furniture and Fixture
· 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,
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.64.88 |
|
|
1 |
Rs.99.88 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
33 |
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.