|
|
|
MIRA INFORM REPORT
|
Report No. : |
502340 |
|
Report Date : |
10.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
QUALITY TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
TRIMURTI MELTFORMS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Shed No.34, Road No.1 IDA Mallapur, Nacharam, Hyderabad-500076,
Telangana |
|
Tel. No.: |
91-40-27153888/ 27155828 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
06.02.1986 |
|
|
|
|
Com. Reg. No.: |
36-006138 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28910TG1986PTC006138 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable [As informed by the management that firm does
not have export and import] |
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|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
36AAACQ0491J1ZD |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACQ0491J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
· Manufacturer of Foundry Fluxes, Chemicals, Refractory Coatings, Pressure Die Casting Lubricants, and Other Related Products. (Confirmed by Management) ·
Manufacturer, Assemble and Dealer in all type
of Welding Accessories, Fluxes and Additive, Foundry Accessories, Fluxes and
Additives. |
|
|
|
|
No. of Employees
: |
60 [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 1986 having satisfactory track record. For the financial year 2017, the company has achieved marginal growth in its revenue as compared to its previous year along with thin profit margin during the year. The company possesses above average financial risk profile marked by capable net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operation backed by its considerable experience of its promoters. However, these rating strengths gets partially offset by its low profitability margins due to highly fragmented and competitive chemical industry. Payment 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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 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
|
Name : |
Mr. Niranjan |
|
Designation : |
Administrative Executive |
|
Contact No.: |
91-40-27155828 |
|
Date : |
09.04.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Shed No.34, Road No.1 IDA Mallapur, Nacharam, Hyderabad-500076,
Telangana, India |
|
Tel. No.: |
91-40-27153888/ 27155828 |
|
Fax No.: |
91-40-27152567 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Branch Office 1 : |
53/A-1, Bharathi Nagar, Ganapathy, Coimbatore-641006.
Tamilnadu, India |
|
Tel. No.: |
91-422-2513153 |
|
|
|
|
Branch Office 2 : |
No.101/A, G.I.D.C. Makarpura, Vadodara-390010, Gujarat,
India |
|
Tel. No.: |
91-265-2631267 |
|
|
|
|
Branch Office 3
: |
Plot No.29, M&N, Machenahalli Industrial. Park, Shivamogga (Shimoga) - 577222, Karnataka, India |
|
|
|
|
Branch Office 4: |
No.4, Victoria Industrial Park, Behind Road No.5, Kathwada. Gidc, S.P.Ring Road, Ahmedabad-382350, Gujarat, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Channavajhala Ravichandra Mouli |
|
Designation : |
Managing director |
|
Address : |
Plot No-125, Shakthi Sai Nagar, Mallapur, nacharam Post,
Hyderabad-500076, Telangana, India |
|
Date of Birth/Age : |
06.07.1956 |
|
Date of Appointment : |
06.02.1986 |
|
DIN No.: |
00144925 |
|
|
|
|
Name : |
Mr. Havish Channavajhala |
|
Designation : |
Director |
|
Address : |
3-14-125, Shakthi Sai Nagar Mallapur Ward 6 Kapra, Hyderabad-500076,
Telangana, India |
|
Date of Birth/Age : |
29.08.1983 |
|
Date of Appointment : |
29.04.2004 |
|
DIN No.: |
02394046 |
|
|
|
|
Name : |
Mr. Subrahmanya Bharavi Chaturvedula |
|
Designation : |
Director |
|
Address : |
H No 1-10-122/9, 2nd Floor, Street No-8, Ward 1, Ashok
Nagar, Hyderabad-500020, Telangana, India |
|
Date of Birth/Age : |
08.12.1973 |
|
Date of Appointment : |
15.11.2011 |
|
DIN No.: |
05120899 |
|
|
|
|
Name : |
Mr. Radhakrishna Murty Garikapaty |
|
Designation : |
Director |
|
Address : |
102 Kalyan Palace Defence Colony, Sainikpuri, Secunderabad-50094,
Telangana, India |
|
Date of Birth/Age : |
16.12.1937 |
|
Date of Appointment : |
15.11.2011 |
|
DIN No.: |
05120990 |
|
|
|
|
Name : |
Mrs. Lakshmi Sudha Peelukhana |
|
Designation : |
Whole-time director |
|
Address : |
Q No B-367, HCL Colony, Mallapur, Hyderabad-500051, Telangana, India |
|
Date of Birth/Age : |
28.06.1968 |
|
Date of Appointment : |
01.07.2012 |
|
DIN No.: |
06407724 |
|
|
|
|
Name : |
Mr. Vijay Duvvuri Kumar Rao |
|
Designation : |
Director |
|
Address : |
Flat No: 514, C Block, Saket Pranaam Saket Township, Kapra, Secunderabad - 500062, Telangana, India |
|
Date of Appointment : |
30.06.2017 |
|
DIN No.: |
07856626 |
KEY EXECUTIVES
|
Name : |
Mr. Niranjan |
|
Designation : |
Administrative Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
C. Ravi Chandra Mouli |
496500 |
99.30 |
|
C. Havish |
500 |
0.10 |
|
C. Subrahmanya Bharavi |
500 |
0.10 |
|
G. Radha Krishna Murthy |
500 |
0.10 |
|
P. Lakshmi Sudha |
500 |
0.10 |
|
C. Uday Sankar |
500 |
0.10 |
|
C. Sriram |
500 |
0.10 |
|
Srinivas LNS Gayatri |
500 |
0.10 |
|
|
|
|
|
Total |
500000 |
100.00 |
AS ON: 01.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
99.40 |
|
Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
0.60 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer of Foundry Fluxes, Chemicals, Refractory Coatings, Pressure Die Casting Lubricants, and Other Related Products. (Confirmed by Management) ·
Manufacturer, Assemble and Dealer in all type
of Welding Accessories, Fluxes and Additive, Foundry Accessories, Fluxes and
Additives. |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
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|
|
|
Imports : |
Not Available |
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|
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|
Terms : |
|
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Selling : |
Advance Payment |
|
|
|
|
Purchasing : |
Cheque and RTGS |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
06 [Approximately] |
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||||||||||||||||||||||
|
Bankers : |
· Bank of India · State Bank of India SMECCC,
H.No.3-6-263,264, 2nd Floor, CCPL, Sterling Building, Himayat Nagar,
Hyderabad - 500029, Andhra
Pradesh, India |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
|
|
Financial Institution: |
A. P. State Financial Corporation |
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|
|
|
Auditors : |
|
|
Name : |
Bejugam and Company Chartered Accountants |
|
Address : |
3-4-543 & 544, Flat No: 202, 3rd floor, Laxmi Nila Adj to YMCA
Ground, Narayanguda, Hyderabad-500027, Telangana, India |
|
Tel. No.: |
91-40-66631552 |
|
Mobile No.: |
91-9849597552 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFB0747B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
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 |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 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 |
5.000 |
2.000 |
2.000 |
|
(b) Reserves & Surplus |
6.599 |
6.280 |
5.818 |
|
(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) |
11.599 |
8.280 |
7.818 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
11.527 |
14.712 |
16.145 |
|
(b) Deferred tax liabilities (Net) |
0.760 |
0.765 |
0.683 |
|
(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) |
12.287 |
15.477 |
16.828 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
6.759 |
6.326 |
5.286 |
|
(c)
Other current liabilities |
17.147 |
14.314 |
14.945 |
|
(d)
Short-term provisions |
1.282 |
1.490 |
2.252 |
|
Total
Current Liabilities (4) |
25.188 |
22.130 |
22.483 |
|
|
|
|
|
|
TOTAL |
49.074 |
45.887 |
47.129 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
12.542 |
11.899 |
12.609 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.882 |
0.880 |
0.820 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
13.424 |
12.779 |
13.429 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
13.161 |
12.127 |
10.406 |
|
(c)
Trade receivables |
21.477 |
20.273 |
22.792 |
|
(d)
Cash and cash equivalents |
0.768 |
0.527 |
0.348 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f)
Other current assets |
0.244 |
0.181 |
0.154 |
|
Total
Current Assets |
35.650 |
33.108 |
33.700 |
|
|
|
|
|
|
TOTAL |
49.074 |
45.887 |
47.129 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
86.269 |
84.398 |
80.659 |
|
|
|
Other Income |
0.052 |
0.003 |
0.053 |
|
|
|
TOTAL |
86.321 |
84.401 |
80.712 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
46.065 |
46.150 |
46.756 |
|
|
|
Purchases of Stock-in-Trade |
8.416 |
4.943 |
3.660 |
|
|
|
Changes in Inventories |
0.066 |
0.436 |
(1.088) |
|
|
|
Employees benefits expense |
9.529 |
10.231 |
8.125 |
|
|
|
Other expenses |
17.142 |
16.774 |
17.319 |
|
|
|
TOTAL |
81.218 |
78.534 |
74.772 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
5.103 |
5.867 |
5.940 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.537 |
4.067 |
3.853 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.566 |
1.800 |
2.087 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.252 |
1.118 |
1.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.314 |
0.682 |
0.587 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.005) |
0.084 |
(0.026) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.319 |
0.598 |
0.613 |
|
|
|
EXPORT OF GOODS
CALCULATED ON FOB BASIS |
2.526 |
2.190 |
2.190 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.163 |
0.225 |
0.225 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
0.64 |
2.99 |
3.06 |
|
|
PARTICULARS |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
110.000 |
|
|
|
|
[Due to business growth] |
The above information has been parted by Mr. Niranjan [Administrative Executive]
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 |
6.529 |
(0.027) |
|
|
|
|
|
|
Net Operating Cash flow After Tax |
NA |
6.529 |
(0.033) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
90.87 |
87.68 |
103.14 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.02 |
4.16 |
3.54 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
45.28 |
45.19 |
38.27 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.39 |
0.48 |
0.57 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.41 |
0.49 |
0.47 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.75 |
0.80 |
0.82 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.99 |
1.78 |
2.07 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.17 |
2.67 |
2.88 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.08 |
1.44 |
1.61 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.44 |
1.44 |
1.54 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.37 |
0.71 |
0.76 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.65 |
1.30 |
1.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.75 |
7.22 |
7.84 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.42 |
1.50 |
1.50 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.89 |
0.95 |
1.04 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.24 |
0.18 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.31 |
7.36 |
8.07 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.42 |
1.50 |
1.50 |
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 |
2.000 |
2.000 |
5.000 |
|
Reserves & Surplus |
5.818 |
6.280 |
6.599 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
7.818 |
8.280 |
11.599 |
|
|
|
|
|
|
long-term borrowings |
16.145 |
14.712 |
11.527 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
16.145 |
14.712 |
11.527 |
|
Debt/Equity
ratio |
2.065 |
1.777 |
0.994 |
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 |
80.659 |
84.398 |
86.269 |
|
|
|
4.636 |
2.217 |
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 |
80.659 |
84.398 |
86.269 |
|
Profit |
0.613 |
0.598 |
0.319 |
|
|
0.76% |
0.71% |
0.37% |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
A12140976 |
10045568 |
STATE BANK OF
INDIA |
26/02/2007 |
- |
- |
396000.0 |
NACHARAM INDUSTRIAL
AREA BRANCHNFC ROAD, OPP: NTR STUDIO, NACHARAMHYDERABADAP500076IN |
|
2 |
Y10210111 |
90117306 |
STATE BANK OF
INDIA |
10/12/1997 |
03/11/1997 |
- |
1000000.0 |
NACHARAM I.
A.HYDERABADAPIN |
|
3 |
Y10210110 |
90117305 |
STATE BANK OF
INDIA |
07/12/1997 |
30/06/1999 |
- |
1000000.0 |
NACHARAM I.
A.HYDERABADAP500076IN |
|
4 |
Y10209849 |
90117044 |
STATE BANK OF
INDIA |
28/11/1995 |
29/02/2000 |
- |
500000.0 |
NACHARA I.
A.HYDERABADAPIN |
|
5 |
Y10209795 |
90116990 |
STATE BANK OF
INDIA |
28/01/1995 |
10/12/1997 |
- |
500000.0 |
NACHARA I.
A.HYDERABADAPIN |
|
6 |
G02313807 |
90116898 |
STATE BANK OF
INDIA |
18/02/1993 |
04/04/2016 |
- |
22500000.0 |
NACHARAM SME
BRANCHNACHARAMHYDERABADTG500076IN |
|
7 |
Y10209700 |
90116895 |
STATE BANK OF INDIA |
08/02/1993 |
10/01/2001 |
- |
486000.0 |
NACHARAM I.
A.HYDERABADAPIN |
|
8 |
G74471319 |
90114418 |
A. P. STATE
FINANCIAL CORPORATION |
24/01/1987 |
- |
23/01/2018 |
483000.0 |
CHIRAG AL
LANEHYDERABADAP500001IN |
|
9 |
C35421569 |
90118021 |
BANK OF INDIA |
20/01/2005 |
- |
27/11/2014 |
1340000.0 |
SECUNDERABADSECUNDERABADAPIN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From NBFCs |
2.835 |
1.288 |
|
From Directors |
7.632 |
12.258 |
|
|
|
|
|
Total |
10.467 |
13.546 |
OPERATIONS AND FINANCIAL RESULTS
The Company has achieved a turnover of INR 8669 million as against a turnover of INR 84.397 million achieved during the previous corresponding year and earned the net profit of INR 0.318 million as against the net profits of INR 0.598 million during the previous corresponding period. The turnover of the company was increased marginally by 2.22% but due to the increased cost of raw materials, purchases of stock in trade, administrative and overhead expenses, finance costs, etc. impacted on the net profits of the Company was reduced by 46.82% during the period under report. The Board expressed confidence of posting better results in this fiscal year as the Company has increased its production and sale.
FUTURE OUTLOOK
The company Proposes to focus on its core business of foundry chemicals, fluxes and coatings and increase the turnover of this segment of business by at least 30% per year, so that the turnover doubles from INR 60.000 million during the year 2016-17 to INR 120.000 million by 2019-20. Towards this end, the sales and marketing department has been strengthened. The company also proposes to shift the manufacturing facilities to a new location on the outskirts of the city and upgrade the machinery and process for better efficiency and larger volumes.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON DESIGNATED
PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.93 |
|
UK Pound |
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHK |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
ARC |
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 opera tions 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.