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|
MIRA INFORM REPORT
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Report No. : |
501820 |
|
Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
HEMA ENGINEERING INDUSTRIES LIMITED (w.e.f 01.07.1997) |
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Formerly Known
As : |
HEMA ENGINEERING INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
Sachidanand Farm House, Kishangarh Village, Opposite Swimming Pool,
DDA Sport Complex, Lane- Green Avenue, Vasant Kunj, New Delhi - 110070 |
|
Mob. No.: |
91-9416753137 [Mr. Anil Kumar Gaur] |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
22.09.1987 |
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Com. Reg. No.: |
55-029299 |
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Capital
Investment / Paid-up Capital : |
INR 408.500 Million |
|
|
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CIN No.: [Company Identification
No.] |
U74210DL1987PLC029299 |
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IEC No.: [Import-Export Code No.] |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
07AAACH0118F1Z8 |
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PAN No.: [Permanent Account No.] |
AAACH0118F |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business
: |
Manufacturers of Spare Parts and Sheet Metals and Engineering Goods. [Registered Activity] |
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No. of Employees
: |
Information declined by the management |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 5800000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1987 having
good track. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has achieved fair profit
margin at 1.46% (approx.) The company possesses sound financial profile marked by healthy net
worth base along with fair debt level of the company. The company also derives strength from its long established track
record of business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitments. In view of aforesaid, the company can be considered 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
|
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 |
CARE RATING |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
08.01.2018 |
|
Rating Agency Name |
CARE RATING |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
08.01.2018 |
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 05.04.2018.
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 DENIED BY
|
Name : |
Mr. Anil Kumar Gaur |
|
Designation : |
Purchase Manager |
|
Contact No.: |
91-9416753137 |
|
Date : |
03.04.2018 |
LOCATIONS
|
Registered Office : |
Sachidanand Farm House, Kishangarh Village, Opposite Swimming Pool,
DDA Sport Complex, Lane- Green Avenue, Vasant Kunj, New Delhi – 110070, India
|
|
Tel. No.: |
Not Available |
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Mobile No.: |
91-9416753137 (Mr. Anil Kumar Gaur) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory 1 : |
1/3, K.M Stone, Khandsa Road, Gurugram - 122001, Haryana, India |
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E- Mail: |
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Factory 2 : |
Upparapalli Village, Mathagondapalli P.O, Thally Road, Hosur - 635114, Tamilnadu, India |
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E- Mail: |
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Factory 3 : |
Plot No.15, Sector -3, IMT, Manesar, Gurugram, District Haryana, India
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Factory 4 : |
69 KM, Delhi-Jaipur Highway, Dharuhera, Rewari - 122100, Haryana,
India |
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E- Mail: |
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Factory 5: |
No. 713 and 717, Poonapalli Village, Hosur - 635114, Tamilnadu, India |
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Email: |
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Factory 6: |
Plot No. 4 Salempur, Mehdood, IP-2, Haridwar, Uttarkhand, India |
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Email: |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Chandresh Jajoo |
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Designation : |
Managing Director |
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Address : |
H. No. 917 A, Aralias, DLF Golf Links, DLF Phase - 5, Gurugram - 122002, Haryana, India |
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Date of Birth/Age : |
21.11.1969 |
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Qualification : |
B.E. |
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Date of Appointment : |
01.07.2012 |
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DIN No.: |
00040218 |
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Other Directorship:
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Name : |
Mr. Pawan Kumar Khurana |
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Designation : |
Wholetime Director |
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Address : |
2120/1 Sector 45C Chandigarh – 160047, India |
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Date of Appointment : |
01.07.2017 |
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DIN No.: |
00076041 |
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Other Directorship:
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Name : |
Mr. Karitkay Saini |
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Designation : |
Director |
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Address : |
C - 156, Sushant Lok - III, Sector - 57, Gurgaon -122002, Haryana, India |
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Date of Birth/Age : |
21.02.1967 |
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Qualification : |
Mechanical Engineer |
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Date of Appointment : |
31.12.2012 |
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DIN No.: |
00167891 |
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Other Directorship:
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Name : |
Mr. Shikhar Bagaria |
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Designation : |
Director |
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Address : |
745/23, Gali No.23 Joshi Road, Karol Bagh, New Delhi -110005, India |
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Date of Birth/Age : |
23.12.1981 |
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Date of Appointment : |
01.02.2015 |
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DIN No.: |
00773058 |
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Other Directorship:
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Name : |
Mr. Adarsh Kumar Yadav |
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Designation : |
Whole Time Director |
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Address : |
House No. 437, Sector-7, Urban Estate, , Gurugram - 122001, Haryana, India |
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Date of Birth/Age : |
15.01.1969 |
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Date of Appointment : |
01.10.2015 |
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DIN No.: |
02932051 |
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Other Directorship:
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Name : |
Mr. Rubin Paresh Chheda |
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Designation : |
Nominee Director |
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Address : |
601-602, Gurukrupa Building, Plot No#66, Hindu Colony
No.1, Dadar (East), Mumbai – 400014, Maharashtra, India |
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Date of Appointment : |
28.08.2017 |
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DIN No.: |
06695695 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Raman Sawhney |
|
Designation : |
Chief Financial Officer |
|
Address : |
House No. 8, Road No. 40, Punjabi Bagh, New Delhi -110026, India |
|
Date of Appointment : |
26.09.2014 |
|
PAN No.: |
AAAPS0576K |
|
|
|
|
Name : |
Mr. Suresh Kumar |
|
Designation : |
Secretary |
|
Address : |
Flat No. 79, Meghdoot Apartments, Sector-10 A, Gurugram - 122001, Haryana, India |
|
Date of Birth/Age : |
26.07.1972 |
|
Date of Appointment : |
02.04.2001 |
|
PAN No.: |
AIEPK1937G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Chandresh Jajoo |
|
95710000 |
|
Monica Jajoo |
|
74953000 |
|
Krishan Kumar Jajoo |
|
23931650 |
|
Kay Jay Leasing Limited |
|
11200000 |
|
Ms Chandresh Jajoo Huf |
|
14340000 |
|
Vijya Jajoo |
|
13205325 |
|
Hema Agarwal |
|
56000 |
|
K K Jajoo Sons Huf |
|
16084000 |
|
Kay Jay Fincap Limited |
|
138520025 |
|
Upasana Jajoo |
|
20500000 |
|
|
|
|
|
Total |
|
408500000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
63.35 |
|
Promoter - Bodies
corporate |
36.65 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Spare Parts and Sheet Metals and Engineering Goods. [Registered Activity] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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||||||||||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
A K M W and Company LLP Chartered Accountants |
|
Address : |
K-1, Kailash Colony, New Delhi, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAQFA0680C |
|
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|
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Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Joint Venture : |
U36100DL2010PLC202617
U34102DL2011PTC220210 |
|
|
|
|
Associates/Subsidiaries : |
U28133DL2004PLC128719
U28990DL2016PTC299378
U29309DL2016PTC306587 |
|
|
|
|
Other Related Party : |
U50401DL2004PTC12714
U65910DL1984PLC018922
U34102DL1986PLC026143
U28999DL2014PTC269862 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000000 |
Equity Shares |
INR 1/- each |
INR 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
408500000 |
Equity Shares |
INR 1/- each |
INR 408.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
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 |
408.500 |
408.500 |
396.000 |
|
(b) Reserves &
Surplus |
1655.030 |
1523.039 |
1320.942 |
|
(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) |
2063.530 |
1931.539 |
1716.942 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
3556.290 |
2565.324 |
2292.646 |
|
(b) Deferred tax
liabilities (Net) |
228.304 |
182.071 |
143.036 |
|
(c) Other long term
liabilities |
363.990 |
305.920 |
704.144 |
|
(d) long-term provisions |
54.887 |
52.388 |
41.405 |
|
Total Non-current
Liabilities (3) |
4203.471 |
3105.703 |
3181.231 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2038.276 |
1884.260 |
1632.008 |
|
(b) Trade payables |
1786.803 |
1354.343 |
1288.701 |
|
(c) Other current
liabilities |
1404.386 |
1029.227 |
1062.623 |
|
(d) Short-term provisions |
66.880 |
58.203 |
43.971 |
|
Total Current Liabilities
(4) |
5296.345 |
4326.033 |
4027.303 |
|
|
|
|
|
|
TOTAL |
11563.346 |
9363.275 |
8925.476 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5387.707 |
4339.838 |
3976.663 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.342 |
|
(iii) Capital
work-in-progress |
87.317 |
38.589 |
101.837 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
234.805 |
234.654 |
237.259 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
148.315 |
98.884 |
95.299 |
|
(e) Other Non-current
assets |
6.938 |
11.366 |
9.923 |
|
Total Non-Current Assets |
5865.082 |
4723.331 |
4421.323 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2261.682 |
1890.188 |
1650.747 |
|
(c) Trade receivables |
1613.731 |
1233.064 |
1470.545 |
|
(d) Cash and cash
equivalents |
117.913 |
110.432 |
85.671 |
|
(e) Short-term loans and
advances |
531.044 |
546.247 |
549.121 |
|
(f) Other current assets |
1173.894 |
860.013 |
748.069 |
|
Total Current Assets |
5698.264 |
4639.944 |
4504.153 |
|
|
|
|
|
|
TOTAL |
11563.346 |
9363.275 |
8925.476 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
10130.333 |
10010.945 |
9009.871 |
|
|
Other Income |
119.044 |
95.834 |
93.104 |
|
|
TOTAL |
10249.377 |
10106.779 |
9102.975 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
7095.983 |
7069.038 |
6506.042 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(218.723) |
(83.628) |
(151.811) |
|
|
Employees benefits
expense |
401.062 |
389.221 |
384.387 |
|
|
Other expenses |
1735.604 |
1553.183 |
1371.866 |
|
|
Exceptional Items |
0.000 |
-0.640 |
0.000 |
|
|
TOTAL |
9013.926 |
8927.174 |
8110.484 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
1235.451 |
1179.605 |
992.491 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
643.615 |
624.807 |
558.509 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
591.836 |
554.798 |
433.982 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
341.965 |
283.577 |
215.523 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
249.871 |
271.221 |
218.459 |
|
|
|
|
|
|
|
Less |
TAX |
101.233 |
94.035 |
81.807 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
148.638 |
177.186 |
136.652 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
6492.594 |
5842.176 |
|
|
Components and Stores parts |
NA |
576.445 |
663.866 |
|
|
TOTAL IMPORTS |
NA |
7069.039 |
6506.042 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.36 |
0.36 |
0.35 |
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 flow from operating activity |
290.762 |
454.833 |
218.459 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
58.14 |
44.96 |
59.57 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.28 |
8.12 |
6.13 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
91.91 |
69.93 |
72.30 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.55 |
0.62 |
0.60 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.23 |
0.27 |
0.24 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.77 |
0.74 |
0.71 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.71 |
2.30 |
2.29 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.57 |
2.24 |
2.35 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.65 |
2.27 |
2.38 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.92 |
1.89 |
1.78 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.47 |
1.77 |
1.52 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.29 |
1.89 |
1.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.20 |
9.17 |
7.96 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.08 |
1.07 |
1.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.65 |
0.64 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.18 |
0.21 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
13.70 |
10.89 |
9.91 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.08 |
1.07 |
1.12 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
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 |
396.000 |
408.500 |
408.500 |
|
Reserves & Surplus |
1320.942 |
1523.039 |
1655.030 |
|
Net worth |
1716.942 |
1931.539 |
2063.530 |
|
|
|
|
|
|
long-term borrowings |
2292.646 |
2565.324 |
3556.290 |
|
Short term borrowings |
1632.008 |
1884.260 |
2038.276 |
|
Total borrowings |
3924.654 |
4449.584 |
5594.566 |
|
Debt/Equity ratio |
2.286 |
2.304 |
2.711 |
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 |
9009.871 |
10010.945 |
10130.333 |
|
|
|
11.111 |
1.193 |
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 |
9009.871 |
10010.945 |
10130.333 |
|
Profit |
136.652 |
177.186 |
148.638 |
|
|
1.52% |
1.77% |
1.47% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
408.500 |
408.500 |
|
(b) Reserves &
Surplus |
|
458.710 |
355.411 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
867.210 |
763.911 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3556.521 |
2565.402 |
|
(b) Deferred tax
liabilities (Net) |
|
228.304 |
182.071 |
|
(c) Other long term
liabilities |
|
367.537 |
307.949 |
|
(d) long-term provisions |
|
56.812 |
53.402 |
|
Total Non-current
Liabilities (3) |
|
4209.174 |
3108.824 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
2038.276 |
1884.260 |
|
(b) Trade payables |
|
1802.776 |
1402.693 |
|
(c) Other current
liabilities |
|
1438.705 |
1073.444 |
|
(d) Short-term provisions |
|
71.052 |
61.329 |
|
Total Current Liabilities
(4) |
|
5350.809 |
4421.726 |
|
|
|
|
|
|
TOTAL |
|
10427.193 |
8294.461 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
5838.368 |
4806.915 |
|
(ii) Intangible Assets |
|
47.439 |
47.439 |
|
(iii) Capital
work-in-progress |
|
87.317 |
38.589 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.050 |
0.050 |
|
(c) Deferred tax assets
(net) |
|
1.680 |
0.919 |
|
(d) Long-term Loan and Advances |
|
136.436 |
110.173 |
|
(e) Other Non-current
assets |
|
8.887 |
13.192 |
|
Total Non-Current Assets |
|
6120.177 |
5017.277 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
2284.702 |
1917.063 |
|
(c) Trade receivables |
|
1046.316 |
822.455 |
|
(d) Cash and cash
equivalents |
|
133.671 |
123.393 |
|
(e) Short-term loans and
advances |
|
29.455 |
44.299 |
|
(f) Other current assets |
|
812.872 |
369.974 |
|
Total Current Assets |
|
4307.016 |
3277.184 |
|
|
|
|
|
|
TOTAL |
|
10427.193 |
8294.461 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
10254.070 |
10154.232 |
|
|
Other Income |
|
52.996 |
19.610 |
|
|
TOTAL |
|
10307.066 |
10173.842 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
7168.218 |
7079.558 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(223.244) |
(61.528) |
|
|
Employees benefits
expense |
|
424.949 |
421.257 |
|
|
Other expenses |
|
1705.715 |
1637.239 |
|
|
Exceptional Items |
|
0.000 |
0.593 |
|
|
TOTAL |
|
9075.638 |
9077.119 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
1231.428 |
1096.723 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
645.479 |
626.797 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
585.949 |
469.926 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
362.316 |
303.414 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
223.633 |
166.512 |
|
|
|
|
|
|
|
Less |
TAX |
|
103.563 |
94.937 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
120.070 |
71.575 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
-- |
-- |
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 |
Yes |
|
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 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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from 170 A, Sainik Farms Western Avenue, New Delhi – 110062, India to the present address w.e.f. 10.04.2008.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
1474.610 |
1412.620 |
|
Rupee term loans from banks |
65.886 |
76.274 |
|
|
|
|
|
Total |
1540.496 |
1488.894 |
PERFORMANCE REVIEW
& OPERATIONS
During the year, due to stagnant market, rapid/sudden change in government policies, Demonetization etc., company (with all its efforts) have been able to keep its steady path intact and to attain revenue of INR 10249.377 Million and a profit ( profit after tax) INR 148.638 Million.
The Directors are hopeful that the company shall be able to improve its performance in the coming year and shall continue to retain its present position as leading automotive sheet metal & tubular components manufacturer.
OUTLOOK FOR THE
CURRENT FINANCIAL YEAR:
During the current financial year, management has set up a target to achieve turnover close to INR 14000.000 Million. Seeking the sales trends, completion of the upcoming project at Chennai, Kakallur, Halol and Nalagrah (production of all these new units will start before the end of fourth quarter of the Financial Year 2017-18) & continuous increase in the demand of the Auto Products (especially in two wheeler vehicles segments like HMCL, TVS, Royal Enfield), efforts being made by the management to capture all the opportunities available in the Market.
The Board of Directors are quite confident that the company is moving ahead in the right direction to achieve the above said targets in comfortable manner.
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G79163622 |
100162407 |
HDFC BANK LIMITED |
28/12/2017 |
- |
- |
1705895.0 |
HDFC Bank House, Senapati Bapat MargLower Parel (West)MumbaiMH400013IN |
|
2 |
G76592427 |
100154999 |
HDFC BANK LIMITED |
27/12/2017 |
- |
- |
999900.0 |
HDFC Bank House, Senapati Bapat MargLower Parel (West)MumbaiMH400013IN |
|
3 |
G76477876 |
100133573 |
PIRAMAL TRUSTEESHIP SERVICES PRIVATE LIMITED |
17/10/2017 |
23/01/2018 |
- |
4000000000.0 |
c/o Piramal Enterprises Ltd, DLF Towers-B, Jasola,Behind Apollo Hospital,New DelhiDL110025IN |
|
4 |
G68623065 |
100137255 |
HDFC BANK LIMITED |
07/10/2017 |
- |
- |
2727000.0 |
HDFC BANK HOUSE , SENAPATI BAPAT MARGLOWER PAREL (WEST)MUMBAIMH400013IN |
|
5 |
G47987722 |
100108437 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
28/06/2017 |
- |
- |
23106233.0 |
Branch office-Ground Floor, Tower B, JIL BuildingPlot No 78, Near SBI Academy, Sector 18,GurgaonHR122015IN |
|
6 |
G48657654 |
100110475 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
01/06/2017 |
- |
- |
23170623.0 |
Branch office-Ground Floor, Tower B, JIL BuildingPlot No 78, Near SBI Academy, Sector 18,GurgaonHR122015IN |
|
7 |
G45843224 |
100102662 |
YES BANK LIMITED |
26/04/2017 |
- |
- |
200000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIADR. ANNIE BESANT ROAD, WORLIMUMBAI |
|
8 |
G36306439 |
100078287 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
31/01/2017 |
- |
- |
38300990.0 |
130, PANDURANG BUDHKAR MARG,WORLIMUMBAIMa400018IN |
|
9 |
G41108986 |
100089850 |
INDUSIND BANK LTD. |
23/01/2017 |
- |
- |
1150000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
10 |
G36382547 |
100078532 |
HDFC BANK LIMITED |
16/12/2016 |
- |
- |
1970000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PAREL WMUMBAIMH400013IN |
|
11 |
G38345153 |
100083225 |
HDFC BANK LIMITED |
16/12/2016 |
- |
- |
1015514.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PAREL WMUMBAIMH400013IN |
|
12 |
G19989862 |
100058196 |
HDFC BANK LIMITED |
10/10/2016 |
- |
- |
4627556.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PAREL WMUMBAIMH400013IN |
|
13 |
G19994359 |
100058198 |
HDFC BANK LIMITED |
10/10/2016 |
- |
- |
5784445.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PAREL WMUMBAIMH400013IN |
|
14 |
C80256787 |
10622605 |
DBS Bank Ltd |
23/01/2016 |
- |
- |
250000000.0 |
CAPITAL POINT, BABA KHARAK SINGH MARGCONNAUGHT PLACE,NEW DELHIDL110001IN |
|
15 |
G69908705 |
10581487 |
RBL BANK LIMITED |
09/06/2015 |
08/12/2017 |
- |
250000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMa416001IN |
|
16 |
C55855308 |
10573708 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
18/05/2015 |
- |
- |
65000000.0 |
130, PANDURANG BUDHKAR MARG,WORLIMUMBAIMH400018IN |
|
17 |
C49896376 |
10560981 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
17/03/2015 |
- |
- |
50000000.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
18 |
G72625924 |
10600021 |
HDFC BANK LIMITED |
03/03/2015 |
22/12/2017 |
- |
685000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
19 |
C60693165 |
10486979 |
IDBI Bank Limited |
31/03/2014 |
30/07/2015 |
- |
615000000.0 |
3rd Floor, Indian Red Cross Society Building1, Red Cross RoadNew DelhiDL110001IN |
|
20 |
C49880438 |
10324669 |
State Bank of India |
01/12/2011 |
16/03/2015 |
- |
320000000.0 |
Commercial Branch , 6th FloorPalm Court Building, M.G. RoadGurgaonHR122001IN |
|
21 |
C56176787 |
10180373 |
STATE BANK OF PATIALA |
25/09/2009 |
29/04/2015 |
- |
245000000.0 |
MID CORPORATE BRANCH91, IDC, 1ST FLOOR, M.G. ROADGURGAONHR122001IN |
|
22 |
G53588166 |
10144888 |
Canara Bank |
09/02/2009 |
14/09/2017 |
- |
590000000.0 |
Lajpat NagarNew DelhiDL110024IN |
|
23 |
G70491089 |
10513967 |
Hero FinCorp Limited |
23/07/2014 |
31/10/2014 |
14/12/2017 |
152015813.0 |
34, COMMUNITY CENTRE, BASANT LOKVASANT VIHARNEW DELHIDL110057IN |
|
24 |
G55013411 |
10485767 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
05/02/2014 |
21/07/2016 |
20/09/2017 |
500000000.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
25 |
G53023222 |
90045505 |
Canara Bank |
20/03/1989 |
28/12/2015 |
14/09/2017 |
570000000.0 |
Lajpat NagarNew DelhiDL110024IN |
|
26 |
G52571288 |
100028668 |
THE FEDERAL BANK LTD |
25/04/2016 |
05/08/2016 |
31/08/2017 |
75000000.0 |
C-48, TNHB Complex,2nd Avenue, Anna Nagar,ChennaiTN600040IN |
|
27 |
G50696673 |
100027598 |
RBL BANK LIMITED |
03/05/2016 |
- |
16/08/2017 |
125000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMa416001IN |
|
28 |
C62676390 |
10321120 |
BANK OF BARODA |
01/11/2011 |
29/09/2014 |
13/08/2015 |
584100000.0 |
BANK OF BARODA BUILDING16, PARLIAMENT STREETNEW DELHIDL110001IN |
|
29 |
C62499355 |
10240467 |
Vijaya Bank |
27/08/2010 |
30/03/2015 |
01/08/2015 |
272500000.0 |
PAYAL CINEMA BUILDINGSECTOR 14GURGAONHR122001IN |
|
30 |
C38573077 |
10467036 |
IDBI Bank Limited |
21/12/2013 |
27/12/2013 |
01/12/2014 |
450000000.0 |
Indian Red Cross Society Building1, Red Cross RoadNew DelhiDL110001IN |
|
31 |
C10120178 |
10280476 |
HERO HONDA FINLEASE LIMITED |
25/03/2011 |
- |
12/06/2014 |
100000000.0 |
34 COMMUNITY CENTRE BASANT LOK VASANT LOKVASAN VIHARNEW DELHIDL110057IN |
|
32 |
C04011276 |
10057124 |
KOTAK MAHINDRA BANK LIMITED |
24/05/2007 |
17/09/2010 |
05/05/2014 |
110000000.0 |
15-16 UPPER GROUND FLOOR, AMBADEEP BUILDING14, KASTURBA GANDHI MARGNEW DELHIDL110001IN |
|
33 |
C03471745 |
10207312 |
YES BANK LIMITED |
18/01/2010 |
21/10/2011 |
01/05/2014 |
125000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
34 |
B94017027 |
10240468 |
VIJAYA BANK |
27/08/2010 |
14/08/2012 |
08/01/2014 |
27600000.0 |
PAYAL CINEMA BUILDINGSECTOR 14GURGAONHR122001IN |
|
35 |
B73551384 |
10043413 |
ICICI BANK LIMITED |
21/02/2007 |
23/03/2012 |
17/04/2013 |
127600000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
36 |
B70792031 |
10217437 |
HERO HONDA FINLEASE LIMITED |
05/03/2010 |
- |
07/03/2013 |
20325200.0 |
34 COMMUNITY CENTRE BASANT LOK VASANT LOKVASANT VIHARNEW DELHIDL110057IN |
|
37 |
B63783013 |
10250137 |
Canara Bank |
30/09/2010 |
- |
06/12/2012 |
15840000.0 |
Lajpat Nagar BranchNew DelhiDL110024IN |
|
38 |
B45695343 |
10058532 |
Standard Chartered Bank |
11/07/2007 |
- |
01/08/2012 |
60750000.0 |
CREDIT RISK CONTROLNARAIN MANZIL, 23 BARAKHAMBA ROADNEW DELHIDL110001IN |
|
39 |
B45695939 |
10057214 |
Standard Chartered Bank |
16/06/2007 |
- |
01/08/2012 |
100000000.0 |
CREDIT RISK CONTROLH-2, CONNAUGHT CIRCUS,NEW DELHIDL110001IN |
|
40 |
B17266214 |
80028698 |
CANARA BANK |
19/11/2005 |
11/01/2007 |
25/07/2011 |
50000000.0 |
LAJPAT NAGAR BRANCH, A-14, D.D.A SHOPPING COMPLEXDEFENCE COLONYNEW DELHIDL110049IN |
|
41 |
B15076987 |
80002703 |
CANARA BANK |
19/10/2004 |
11/01/2007 |
21/06/2011 |
75000000.0 |
LAJPAT NAGAR BRANCH, A-14, D.D.A SHOPPING COMPLEXDEFENCE COLONYNEW DELHIDL110049IN |
|
42 |
B15985781 |
90057445 |
CANARA BANK |
21/03/2001 |
11/01/2007 |
21/06/2011 |
150000000.0 |
LAJPAT NAGAR BRANCH, A-14, D.D.A SHOPPING COMPLEXDEFENCE COLONYNEW DELHIDL110049IN |
|
43 |
B11357480 |
10155127 |
Canara Bank |
19/03/2009 |
- |
25/04/2011 |
40000000.0 |
Lajpat Nagar BranchA-14, DDA commercial complex, Defence ColonyNew DelhiDL110024IN |
|
44 |
A95176657 |
10020126 |
CITIBANK NA |
25/06/2006 |
- |
13/09/2010 |
90000000.0 |
JEEVAN VIHAR BUILDING,3 SANSAD MARGNEW DELHIDL110001IN |
|
45 |
A85824209 |
90056180 |
CANARA BANK |
20/02/1989 |
05/12/2000 |
17/05/2010 |
1000000.0 |
LAJPAT NAGARDDA COMPLEXNEW DELHIDL110024IN |
|
46 |
A85547651 |
90056688 |
CANARA BANK |
10/04/1997 |
13/11/2001 |
12/05/2010 |
7500000.0 |
LAJPAT NAGARNEW DLEHIDLIN |
|
47 |
A85547768 |
90057491 |
CANARA BANK |
16/06/2001 |
- |
12/05/2010 |
200000.0 |
LAJPAT NAGARNEW DLEHIDL110024IN |
|
48 |
A85566891 |
90057220 |
CANARA BANK |
05/04/2000 |
- |
12/05/2010 |
12700000.0 |
LAJPAT NAGAR (MAIN)NEW DELHIDL110024IN |
|
49 |
A84140953 |
10146627 |
Canara Bank |
07/02/2009 |
- |
16/04/2010 |
45000000.0 |
Lajpat Nagar BranchLajpat Nagar BranchDL110024IN |
|
50 |
A76897941 |
10164635 |
Union Bank of India |
12/05/2009 |
- |
09/01/2010 |
85000000.0 |
SSI Finance BranchSCO 14, Sector - 14, Urban EstateGurgaonHR122001IN |
|
51 |
A52777174 |
10015989 |
Citibank N.A. |
25/06/2006 |
26/03/2007 |
05/12/2008 |
92000000.0 |
Jeevan Vihar, 3 Sansad MargNew DelhiDL110001IN |
|
52 |
A22949853 |
10043112 |
UTI BANK LIMITED |
05/02/2007 |
- |
05/09/2007 |
83000000.0 |
SCO-29 SECTOR--14, NEAR HUDA OFFICEURBAN ESTATEGURGAONHR122001IN |
|
53 |
A20031357 |
10057265 |
STANDARD CHARTERED BANK |
16/06/2007 |
- |
27/07/2007 |
66000000.0 |
CREDIT RISK CONTROLH-2, CONNAUGHT CIRCUS,NEW DELHIDL110001IN |
|
54 |
A00295527 |
90049588 |
STATE BANK OF INDIA |
31/01/2003 |
- |
24/03/2006 |
0.0 |
SIB BRANCH65; NEELAM BATA ROADFARIDABADHRIN |
|
55 |
Y10136643 |
90056548 |
CANARA BANK |
23/02/1996 |
04/02/1997 |
03/12/2003 |
7500000.0 |
LAJPAT NAGARNEW DELHIDL110024IN |
|
56 |
Y10136514 |
90056419 |
CANARA BANK |
21/10/1994 |
- |
19/07/2000 |
8500000.0 |
LAJPAT NAGARNEW DLEHIDL110024IN |
|
57 |
Y10127547 |
90047452 |
CANARA BANK |
19/03/1999 |
19/03/1999 |
19/07/2000 |
4800000.0 |
LAJPAT NAGARNEW DELHIDL110024IN |
|
58 |
Y10136449 |
90056354 |
CANARA BANK |
18/12/1993 |
- |
19/07/2000 |
1000000.0 |
LAJPAT NAGARNEW DLEHIDL110024IN |
|
59 |
Y10136252 |
90056157 |
CANARA BANK |
19/08/1988 |
24/07/1989 |
19/07/2000 |
243900.0 |
LAJPAT NAGARNEW DLEHIDL110024IN |
|
60 |
Y10136382 |
90056287 |
CANARA BANK |
18/03/1992 |
21/10/1994 |
19/07/2000 |
1000000.0 |
LAJPAT NAGARNEW DELHIDL110024IN |
|
61 |
Y10136292 |
90056197 |
CANARA BANK |
24/07/1989 |
- |
19/07/2000 |
625800.0 |
LAJPAT NAGARNEW DLEHIDL110024IN |
|
62 |
Y10136974 |
90056879 |
CANARA BANK |
26/05/1998 |
26/05/1998 |
19/07/2000 |
6275000.0 |
DDA COMPLEXLAJPAT NAGARNEW DLEHIDL110024IN |
|
63 |
Y10136498 |
90056403 |
CANARA BANK |
12/08/1994 |
- |
19/07/2000 |
600000.0 |
LAJPAT NAGARNEW DLEHIDL110024IN |
|
64 |
Y10136509 |
90056414 |
CANARA BANK |
14/09/1994 |
- |
09/07/2000 |
365000.0 |
LAJPAT NAGARNEW DLEHIDL110024IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipment
- Emission reduction equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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 65.02 |
|
|
1 |
INR 91.46 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.