|
|
|
MIRA INFORM REPORT
|
Report No. : |
501254 |
|
Report Date : |
02.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SCODA TUBES LIMITED |
|
|
|
|
Registered Office : |
Survey No. 1566/1, Village Rajpur, Taluka Kadi, Mehsana – 382740,
Gujarat |
|
Tel. No.: |
91-2764-278278 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
10.11.2008 |
|
|
|
|
Com. Reg. No.: |
04-055392 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 3.608 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28110GJ2008PLC055392 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0810018306 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAMCS5287N1ZK |
|
|
|
|
TIN No: |
24040902085 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAMCS5287N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter, Importer and Supplier
of Stainless Steel Pipes, Rubber Tyres and Tubes. (Registered activity and also confirmed by
management) |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2008. It is a manufacturer,
exporter, importer and supplier of stainless steel pipes and tubes. As per the financial of 2017, the company has achieved a decent growth
in its revenue as compared to the previous year’s revenue and has reported a
low net profit margin of 0.78%. The satisfactory financial position of the company is marked by
adequate networth base along with modest debt balance sheet profile and
average liquidity position. Business is active. Payment seems to be slow. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Loans (Withdrawal) (B-) |
|
Rating Explanation |
Risk-prone – credit – quality and carries very high credit risk. |
|
Date |
28.03.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Loans (Withdrawal) (A4) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
28.03.2018 |
Reason for withdrawal: Absence of requisite information.
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 02.04.2017.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Samarth Patel |
|
Designation : |
Director |
|
Contact No.: |
91-9099984656 |
|
Date : |
31.03.2018 |
LOCATIONS
|
Registered Office : |
Survey No. 1566/1, Village Rajpur, Taluka Kadi, Mehsana – 382740,
Gujarat, India |
|
Tel. No.: |
91-2764-278278 |
|
Mobile No.: |
91-9099984656 (Mr. Samarth Patel) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office/ Factory : |
Survey No : 1568/1569, Kalol - Mahesana Highway, Village Rajpur, Taluka Kadi, Mehsana -382715, Gujarat, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Jagrutkumar Rameshbhai Patel |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
23, Alkapuri Society, Panchvati, Taluka Kalol, District,
Gandhinagar-382721, Gujarat, India |
||||||||
|
Date of Appointment : |
26.09.2016 |
||||||||
|
DIN No: |
06785595 |
||||||||
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Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Ravi Rameshbhai Patel |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
23, Alkapuri Society, Panchvati, Taluka Kalol, District,
Gandhinagar-382721, Gujarat, India |
||||||||
|
Date of Appointment : |
26.09.2016 |
||||||||
|
DIN No: |
06785624 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Dharmendra Revabhai Patel |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
13 , Balol Nagar, Ranip, Ahmedabad-382480, Gujarat, India |
||||||||
|
Date of Appointment : |
13.04.2015 |
||||||||
|
DIN No: |
07153946 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Ankitkumar Hasmukhbhai Patel |
||||||||
|
Designation : |
Wholetime Director |
||||||||
|
Address : |
7/A , Vijay Colony , Near Sardar Patel Colony, Naranpura,
Ahmedabad-380013, Gujarat, India |
||||||||
|
Date of Appointment : |
13.04.2015 |
||||||||
|
DIN No: |
07154187 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Shaileshkumar Hiralal Patel |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
14/A, Vasudha Society, B/H. B. D. Patel House, Naranpura Ahmedabad-
380014, Gujarat, India |
||||||||
|
Date of Appointment : |
15.04.2015 |
||||||||
|
DIN No: |
07155898 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Bipinkumar Arvindbhai Patel |
||||||||
|
Designation : |
Director |
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|
Address : |
B/208, Kartik Flat Opp Satyam Cinema Kalol-382721, Gujarat, India |
||||||||
|
Date of Appointment : |
05.10.2016 |
||||||||
|
DIN No: |
07624820 |
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|
|
||||||||
|
Name : |
Mr. Ashokkumar Rupeshji Prajapati |
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|
Designation : |
Director |
||||||||
|
Address : |
E-9, Shyamal Duplex, Panchvati Vistar, Kalol -382721 Gujarat, India |
||||||||
|
Date of Appointment : |
05.10.2016 |
||||||||
|
DIN No: |
07624944 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Rupaji Hiraji Prajapati |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
E-9, Shyamal Ro-House, Dwerkesh Society, Panchvati Vistar,
Kalol-382721 Gujarat, India |
||||||||
|
Date of Appointment : |
05.10.2016 |
||||||||
|
DIN No: |
07625015 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Saurabh Amrutbhai Patel |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
52, Indralok Society, Near Gayatri Temple, Kalol-382721 Gujarat, India |
||||||||
|
Date of Appointment : |
05.10.2016 |
||||||||
|
DIN No: |
07627068 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Samarth Bharatbhai Patel |
||||||||
|
Designation : |
Additional Director |
||||||||
|
Address : |
D-502,Shantiniketan Flats, Opposite HBK School Memnagar,
Ahmedabad-380052 Gujarat, India |
||||||||
|
Date of Birth/Age : |
05.07.1996 |
||||||||
|
Date of Appointment : |
29.12.2017 |
||||||||
|
DIN No: |
08036100 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Nirajkumar Gunvantlal Barot |
||||||||
|
Designation : |
Additional Director |
||||||||
|
Address : |
28, Vakharia Nagar, Society-2, Opposite Kapileshwar Temple,
Kalol-382721, Gujarat, India |
||||||||
|
Date of Birth/Age : |
01.09.196 |
||||||||
|
Date of Appointment : |
29.12.2017 |
||||||||
|
DIN No: |
08036134 |
||||||||
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Vaishali M. Patel |
10300 |
2.86 |
|
Pranav Patel |
2500 |
0.69 |
|
Kartik Patel |
1400 |
0.39 |
|
Deepak Patel |
43325 |
12.00 |
|
Shaileshbhai Patel |
40000 |
11.09 |
|
Dharmendra Patel |
183565 |
50.88 |
|
Ankit Patel |
55930 |
15.50 |
|
Asha Patel |
23750 |
6.59 |
|
Total |
360770 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturer, Exporter, Importer and
Supplier of Stainless Steel Pipes, Rubber Tyres and Tubes. (Registered activity and also
confirmed by management) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
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|
||||
|
Agencies Held : |
Not Available |
||||
|
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|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
China |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Credit and RTGS |
||||
|
|
|
||||
|
Purchasing : |
L/C, Credit and RTGS |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers and End Users
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Parth Doshi and Associates Chartered Accountants |
|
Address : |
Azad Chowk, Main Bazaar, Taluka and P.O. Vadali, District Sabarkantha-383235, Gujarat, India |
|
Mobile No.: |
91-9727987756 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ANZPD4937B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
360770 |
Equity Shares |
INR 10/- each |
INR 3.608 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.608 |
3.608 |
3.608 |
|
(b) Reserves & Surplus |
46.601 |
44.992 |
43.759 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
1.300 |
|
Total
Shareholders’ Funds (1) + (2) |
50.209 |
48.600 |
48.667 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
114.459 |
56.627 |
26.551 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.684 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
12.614 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
114.459 |
69.925 |
26.551 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
88.146 |
101.835 |
102.255 |
|
(b) Trade
payables |
34.631 |
19.944 |
46.467 |
|
(c) Other
current liabilities |
6.465 |
12.555 |
20.583 |
|
(d) Short-term provisions |
3.079 |
1.882 |
1.750 |
|
Total Current
Liabilities (4) |
132.321 |
136.216 |
171.055 |
|
|
|
|
|
|
TOTAL |
296.989 |
254.741 |
246.273 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
25.918 |
26.179 |
28.993 |
|
(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) |
0.951 |
0.000 |
1.839 |
|
(d) Long-term Loan and Advances |
6.011 |
0.484 |
0.450 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
32.880 |
26.663 |
31.282 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
174.790 |
175.473 |
174.263 |
|
(c) Trade
receivables |
58.978 |
41.344 |
23.560 |
|
(d) Cash and
cash equivalents |
11.578 |
3.037 |
8.254 |
|
(e)
Short-term loans and advances |
18.763 |
8.224 |
8.910 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.004 |
|
Total
Current Assets |
264.109 |
228.078 |
214.991 |
|
|
|
|
|
|
TOTAL |
296.989 |
254.741 |
246.273 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
205.967 |
128.463 |
222.778 |
|
|
Other Income |
2.668 |
28.726 |
4.099 |
|
|
TOTAL |
208.635 |
157.189 |
226.877 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
164.722 |
113.162 |
202.878 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.951 |
(1.304) |
(34.063) |
|
|
Employees benefits
expense |
4.745 |
4.366 |
6.991 |
|
|
Other expenses |
18.709 |
10.805 |
14.279 |
|
|
TOTAL |
189.127 |
127.029 |
190.085 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
19.508 |
30.160 |
36.792 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
12.552 |
21.186 |
18.278 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
6.956 |
8.974 |
18.514 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
4.004 |
3.923 |
16.924 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2.952 |
5.051 |
1.590 |
|
|
|
|
|
|
|
Less |
TAX |
1.343 |
3.817 |
(3.583) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1.609 |
1.234 |
5.173 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.46 |
3.42 |
14.34 |
Expected Sales (2017-2018): INR 500.000 Million (Due to the business
growth)
The above information has been parted by Mr. Samarth Patel (Director)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
104.52 |
117.47 |
38.60 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.49 |
3.11 |
9.46 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
76.74 |
64.33 |
83.60 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.11 |
0.17 |
0.21 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.75 |
1.15 |
1.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.83 |
0.76 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
4.04 |
3.26 |
2.65 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.64 |
2.80 |
3.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.52 |
0.54 |
0.60 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.55 |
1.42 |
2.01 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.78 |
0.96 |
2.32 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.54 |
0.48 |
2.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
3.20 |
2.54 |
10.63 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.00 |
1.67 |
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.68 |
0.39 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.17 |
0.19 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
56.15 |
43.92 |
35.70 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.00 |
1.67 |
1.26 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
3.608 |
3.608 |
3.608 |
|
Reserves & Surplus |
43.759 |
44.992 |
46.601 |
|
Share Application money pending allotment |
1.300 |
0.000 |
0.000 |
|
Net
worth |
48.667 |
48.600 |
50.209 |
|
|
|
|
|
|
long-term borrowings |
26.551 |
56.627 |
114.459 |
|
Short term borrowings |
102.255 |
101.835 |
88.146 |
|
Total
borrowings |
128.806 |
158.462 |
202.605 |
|
Debt/Equity
ratio |
2.647 |
3.261 |
4.035 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
222.778 |
128.463 |
205.967 |
|
|
|
(42.336) |
60.332 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
222.778 |
128.463 |
205.967 |
|
Profit /(Loss) |
5.173 |
1.234 |
1.609 |
|
|
2.32% |
0.96% |
0.78% |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two/ 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 |
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 |
REVIEW OF BUSIENSS OPERATION:
The Company has earned a Net Profit of INR 1.609 million against the net profit of INR 1.234 million of the previous year. The profit of the Company is increasing compared to profit of last year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Unsecured loan from Directors |
72.254 |
12.531 |
|
Inter Corporate Deposit |
9.858 |
9.858 |
|
Other loans and advances |
32.103 |
33.723 |
|
Total |
114.215 |
56.112 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G68107937 |
100136937 |
THE KALOL NAGARIK SAHAKARI BANK LIMITED |
01/11/2017 |
- |
- |
14100000.0 |
NAGARIK BANK CHAR RASTA,COLLEGE ROAD,KALOLGJ382721IN |
|
2 |
C05371851 |
10497184 |
BANK OF INDIA |
23/05/2014 |
- |
- |
10000000.0 |
S. M. ROAD BRANCH 26-29 GALAXY MALLNR SHIROMANI COMPLEX S M ROADAHMEDABADGJ380015IN |
|
3 |
C04046298 |
10311060 |
BANK OF INDIA |
17/09/2011 |
12/05/2014 |
- |
148200000.0 |
SURENDRA MANGALDAS ROAD BRANCH,26-29 GALAXY MALL, NR SHIROMANI COMPLEX, S M ROADAHMEDABADGJ380015IN |
|
4 |
C02371441 |
10192593 |
BANK OF INDIA |
14/12/2009 |
24/03/2014 |
- |
148200000.0 |
BANK OF INDIA26-29 GALAXY MALL, NR SHIROMANI COMPLEX, S M ROADAHMEDABADGJ380015IN |
|
5 |
B91437467 |
10428484 |
BANK OF INDIA |
18/04/2013 |
- |
19/11/2013 |
8500000.0 |
S. M. ROAD BRANCH 26-29 GALAXY MALLNR SHIROMANI COMPLEX S M ROADAHMEDABADGJ380015IN |
|
6 |
B22893309 |
10194056 |
BANK OF INDIA |
14/12/2009 |
- |
25/09/2011 |
62500000.0 |
SURENDRA MANGALDAS ROAD BRANCH,26-29 GALAXY MALL, NR SHIROMANI COMPLEX, S M ROADAHMEDABADGJ380001IN |
|
7 |
B22893705 |
10290482 |
BANK OF INDIA |
28/05/2011 |
- |
25/09/2011 |
5000000.0 |
SURENDRA MANGALDAS ROAD BRANCH,26-29 GALAXY MALL, NR SHIROMANI COMPLEX, S M ROADAHMEDABADGJ380015IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Office
Equipment
- Air
Conditioner
- Electric and
Fittings
- Air
Conditioner
- Mobile Phone
‘
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 records 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
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.