|
|
|
MIRA INFORM REPORT
|
Report No. : |
502545 |
|
Report Date : |
10.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
BHARAT STEEL YARD PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12, SKM House, Ground Floor,
6th Khetwadi Lane, Mumbai -400004, Maharashtra |
|
Tel. No.: |
91-22-61162222 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
09.04.2013 |
|
|
|
|
Com. Reg. No.: |
11-241806 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 50.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2013PTC241806 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAFCB4530J1ZQ |
|
|
|
|
TIN No: |
27850991451 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCB4530J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Importer, Supplier of Stainless Steel
Wires, Bright bars, etc. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
25 (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 but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2013 and it is engaged as trader of steel products like stainless steel wire, hard bright wire, and stainless steel coil. For the financial year 2017, the company has reported a dip in its revenue as compared to its previous year along with low profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by acceptable net worth base and strong debt protection metrics. Rating continue to drive strength from its considerable experience of its promoters However, these rating strength gets partially offset by low profitability margins due to its presence in highly competitive steel industry. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business dealing 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 |
CRISIL |
|
Rating |
Long term Rating (BB+) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
10.08.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating (A4+) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
10.08.2017 |
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
31-03-2018.
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 10.04.2018
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 PARTED BY (PARTIAL DETAILS)
|
Name : |
Mr. Shailesh Ramniklal Shah |
|
Designation : |
Director |
|
Contact No.: |
91-22-66162222 |
|
Date : |
09.04.2018 |
LOCATIONS
|
Registered Office : |
12, SKM House, Ground
Floor, 6th Khetwadi Lane, Mumbai -400004, Maharashtra, India |
|
Tel. No.: |
91-22-61162212/ 66162222 |
|
Mobile No.: |
91-9821019225 |
|
Fax No.: |
91-22-61162244 |
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E-Mail : |
|
|
|
|
|
Corporate Office: |
No.315, Keshav Bhavan, Khetwadi, 7th Lane, Near Gokuldham
Hotel, Mumbai – 400004, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Dinesh Poonamchand Shah |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Kshatriya Bhavan, 1st Floor, Room No. 5, 13, Sadashiv Lane, Girgaon, Mumbai-400004, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
09.12.1952 |
||||||||
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Qualification : |
B.Com |
||||||||
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Date of Appointment : |
09.04.2013 |
||||||||
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PAN No.: |
AAVPS0539D |
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DIN No: |
00085626 |
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Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Shailesh Ramniklal Shah |
||||||||
|
Designation : |
Director |
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|
Address : |
28/30, Fakir Mahal, Room No. 17, 4th Floor, Khetwadi Back Road, Mumbai-400004, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
03.12.1973 |
||||||||
|
Qualification : |
B.Com |
||||||||
|
Date of Appointment : |
01.08.2013 |
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|
DIN No: |
00085777 |
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Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Sevantilal Raichand Shah |
||||||||
|
Designation : |
Director |
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|
Address : |
12, Bhadrik Ashram, 2nd Khetwadi Lane , 2nd Floor, Mumbai-400004, Maharashtra, India |
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|
Date of Birth/Age : |
21.07.1950 |
||||||||
|
Qualification : |
B.Com |
||||||||
|
Date of Appointment : |
09.04.2013 |
||||||||
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PAN No.: |
AAGPS3631K |
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DIN No: |
00086026 |
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Other Directorship:
|
|||||||||
KEY EXECUTIVES
|
Name : |
Mr. Deepika Singhvi |
|
Designation : |
Practicing Company Secretary |
|
Address : |
121-122, Siddhi Plaza, Pur Road, Bhilwara – 311001, Rajasthan, India |
|
Tel. No: |
91-7610910415 |
|
Email: |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Amit Kirtilal Shah HUF |
|
240000 |
|
Anju Kalpesh Chowdhary |
|
240000 |
|
Anvi Kunal Shah |
|
249000 |
|
Atish Ramniklal Shah |
|
150000 |
|
Dinesh Poonamchand Shah |
|
499000 |
|
Dinesh Poonamchand Shah HUF |
|
1000 |
|
Hasumatiben Sevantilal Shah |
|
150000 |
|
Kinjal Sevantilal Shah |
|
100000 |
|
Kirtilal Moolchand Shah |
|
2000 |
|
Kirtilal Moolchand Shah HUF |
|
447780 |
|
Kumud Jhawer |
|
110 |
|
Kunal Dinesh Shah |
|
249000 |
|
Mansi Jaimik Sanghavi |
|
203000 |
|
Neelam Shailesh Sha |
|
200000 |
|
Niteshkumar Sevantilal Shah |
|
200100 |
|
Pinky Sandeep Shah |
|
50000 |
|
Pramod Jhawer HUF |
|
110 |
|
Praveena Dinesh Shah |
|
499000 |
|
Ruchita Amit Shah |
|
240000 |
|
Sejal Chirag Shah |
|
240000 |
|
Sevantilal Raichand Shah |
|
498900 |
|
Sevantilal Raichand Shah HUF |
|
1000 |
|
Shailesh Ramniklal Shah |
|
200000 |
|
Shobha Ramniklal Shah |
|
50000 |
|
Sweta Atish Shah |
|
50000 |
|
Veena Kirtilal Shah |
|
240000 |
|
Total |
|
5000000 |
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 : |
Trader, Importer, Supplier of Stainless Steel
Wires, Bright bars, etc. (Confirmed by management) |
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Products / Services
: |
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Brand Names : |
Not Available |
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|
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
||||
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Imports : |
|
||||
|
Products : |
Stainless Steel Wire and Bars |
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Countries : |
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Terms : |
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||||
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Selling : |
Cheque, NEFT and CAD |
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Purchasing : |
Cheque, NEFT and CAD |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
25 (Approximately) |
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Bankers : |
|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
M. C. Doshi and Company Chartered Accountants |
|
Address : |
212, 2nd Floor, The Plaza B, Wing Near, Dharam Palace, Hughes Road, Mumbai, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAUFM8321L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 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 |
50.000 |
50.000 |
50.000 |
|
(b) Reserves and Surplus |
30.551 |
22.646 |
19.493 |
|
(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) |
80.551 |
72.646 |
69.493 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
332.960 |
385.170 |
410.235 |
|
(b) Trade
payables |
127.350 |
156.595 |
189.334 |
|
(c) Other
current liabilities |
4.337 |
2.251 |
3.236 |
|
(d) Short-term
provisions |
2.568 |
0.042 |
6.037 |
|
Total Current
Liabilities (4) |
467.215 |
544.058 |
608.842 |
|
|
|
|
|
|
TOTAL |
547.766 |
616.704 |
678.335 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.407 |
1.906 |
2.124 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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) |
0.347 |
0.276 |
0.153 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
16.690 |
5.032 |
0.323 |
|
Total Non-Current
Assets |
18.444 |
7.214 |
2.600 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
141.598 |
168.609 |
174.794 |
|
(c) Trade
receivables |
306.903 |
362.212 |
422.350 |
|
(d) Cash and
bank balances |
32.708 |
31.546 |
16.892 |
|
(e)
Short-term loans and advances |
48.113 |
47.123 |
61.699 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
529.322 |
609.490 |
675.735 |
|
|
|
|
|
|
TOTAL |
547.766 |
616.704 |
678.335 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1381.205 |
1668.630 |
1821.204 |
|
|
Other Income |
2.534 |
2.965 |
2.232 |
|
|
TOTAL |
1383.739 |
1671.595 |
1823.436 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
1229.893 |
1558.051 |
1702.259 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
27.011 |
6.185 |
3.178 |
|
|
Employee benefit expense |
15.692 |
13.752 |
13.401 |
|
|
Other expenses |
48.391 |
40.658 |
37.698 |
|
|
TOTAL |
1320.987 |
1618.646 |
1756.536 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
62.752 |
52.949 |
66.900 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
49.869 |
47.575 |
46.283 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
12.883 |
5.374 |
20.617 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.628 |
0.802 |
1.062 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
12.255 |
4.572 |
19.555 |
|
|
|
|
|
|
|
Less |
TAX |
4.350 |
1.419 |
10.818 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
7.905 |
3.153 |
8.737 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
2.534 |
2.757 |
2.232 |
|
|
TOTAL EARNINGS |
2.534 |
2.757 |
2.232 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
1.58 |
0.63 |
1.75 |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
102.730 |
95.417 |
(89.852) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
100.835 |
87.879 |
(94.755) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.57 |
0.19 |
0.48 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.54 |
3.17 |
3.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.24 |
0.74 |
2.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.06 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.13 |
5.30 |
5.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.12 |
1.11 |
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
81.10 |
79.23 |
84.65 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
4.50 |
4.61 |
4.31 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
37.79 |
36.69 |
40.60 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.44 |
0.31 |
0.38 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
44.60 |
27.78 |
31.50 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.85 |
0.88 |
0.90 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
4.13 |
5.30 |
5.90 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
5.80 |
7.49 |
8.76 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.02 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.26 |
1.11 |
1.45 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
0.57 |
0.19 |
0.48 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
1.44 |
0.51 |
1.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
9.81 |
4.34 |
12.57 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.13 |
1.12 |
1.11 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.83 |
0.81 |
0.82 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.15 |
0.12 |
0.10 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
6.66 |
7.70 |
8.20 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.13 |
1.12 |
1.11 |
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 |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
19.493 |
22.646 |
30.551 |
|
Net
worth |
69.493 |
72.646 |
80.551 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
410.235 |
385.170 |
332.960 |
|
Total
borrowings |
410.235 |
385.170 |
332.960 |
|
Debt/Equity
ratio |
5.903 |
5.302 |
4.134 |
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 |
1821.204 |
1668.630 |
1381.205 |
|
|
|
(8.378) |
(17.225) |
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 |
1821.204 |
1668.630 |
1381.205 |
|
Profit/ (Loss) |
8.737 |
3.153 |
7.905 |
|
|
0.48
% |
0.19
% |
0.57
% |
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 |
Yes |
|
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 |
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 |
BRIEF DESCRIPTION OF THE
COMPANY'S WORKING DURING THE YEAR/STATE OF COMPANY'S AFFAIR
Production and Profitability - In the year 2016-17 the company has profit of INR 7.905 million and earning per share is INR 1.58 per share comparing to the year 2015-16 a profit of INR 3.153 million and earning per share is INR 0.63.
b. Sales -In the year 2016-17 the company has total sales of INR 1381.204 million.
c. Marketing and Market environment - the company is operating in a dynamic environment and trying to go through well-established marketing network for seeking growth perspective.
d. Future Prospects including constraints affecting due to Government policies -The Company is foreseeing normal operations in the year and the future prospectus will include employee involvement, seeking shareholders grievances, effective Marketing and supply chain process, and overseeing the overall growth of the company.
NOTE: Registered office of the company has been shifted
from “Ground Floor, Keshav Bhavan, 3/5, 7th Khetwadi Lane, Mumbai –400004,
Maharashtra, India” to the present address
w.e.f. 01.03.2014.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term borrowings |
|
|
|
Loans repayable on demand from others |
113.697 |
118.251 |
|
|
|
|
|
Total |
113.697 |
118.251 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C52903994 |
10567869 |
Bank of Baroda |
16/04/2015 |
- |
- |
62500000.0 |
SIR P.M. Road BranchFortMumbaiMH400001IN |
|
2 |
C41465147 |
10544516 |
ICICI Bank Limited |
15/11/2014 |
17/12/2014 |
- |
60000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
3 |
C04134946 |
10494178 |
Bank of India |
25/03/2014 |
- |
- |
190000000.0 |
MUMBAI MID CORPORATE , 70/80 M. G. ROAD,BOI BUILDING , MEZZANINE FLOOR, FORTMUMBAIMH400001IN |
FIXED ASSETS
- Plant and equipment
- Factory equipments
- Vehicles
- Computer equipments
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
|
INR |
|
US Dollar |
1 |
INR 64.93 |
|
|
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.69 |
INFORMATION DETAILS
|
Information Gathered
by : |
AKY |
|
|
|
|
Analysis Done by
: |
NSG |
|
|
|
|
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 |
NO |
|
--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.