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|
|
MIRA INFORM REPORT
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Report No. : |
503731 |
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Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAKAR INDUSTRIES PRIVATE LIMITED [w.e.f.
18.05.2016] |
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|
|
|
Formerly Known
As : |
SAKAR INDUSTRIES LIMITED [w.e.f. 24.10.2011] SAKAR INDUSTRIES PRIVATE LIMITED [w.e.f. 19.09.2011] SAKAR FERRO ALLOYS PRIVATE LIMITED |
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Registered
Office : |
H-10, Madhavpura Market, Shahibaug Road, Ahmedabad - 380004, Gujarat |
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Tel. No.: |
91-79-25622281 |
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|
|
|
Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
19.07.1996 |
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|
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Com. Reg. No.: |
04-030244 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 16.388
Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U27100GJ1996PTC030244 |
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|
|
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IEC No.: [Import-Export Code No.] |
0802000703 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AADCS3756P |
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TIN No.: |
24060101841 |
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GSTN : [Goods & Service Tax
Registration No.] |
24AADCS3756P1ZV |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Non Ferrous Metals and Trader of Scrap
Items. [Confirmed by Management] |
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|
|
No. of Employees
: |
200 (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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1996 and is a manufacturer, exporter and importer of ferrous and non-ferrous metal and trader of scrap. As per the financials of 2017, the company has achieved revenue growth of 12.38% as compared to the previous year but has reported a low profit margin of 0.69%. Rating takes into consideration the company’s extensive industry experience of its promoters supported by its satisfactory financial base marked by adequate net worth base. Rating gets constrained on account of SIPL’s low profitability margins with weak debt coverage indicators and moderately high leverage, and working capital intensive nature of operations. The ratings are further constrained on account of susceptibility of profitability margins to volatility in raw material prices as well as foreign exchange fluctuations and its presence in highly fragmented and competitive industry. Payment seems to be slow but correct. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Terms Borrowing = BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
26.02.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Terms Borrowing = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
26.02.2018 |
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 13.04.2018
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. Jaydeep |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-79-25622281 |
|
Date : |
12.04.2018 |
LOCATIONS
|
Registered Office : |
H-10, Madhavpura Market, Shahibaug Road, Ahmedabad - 380004, Gujarat,
India |
|
Tel. No.: |
91-79-25622281/ 25624681 |
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Fax No.: |
91-79-25620620 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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|
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Factory : |
Survey No,140-141, Santej-Vadsar Road, Taluka-Kalol, District Ahmedabad- 382 721, Gujarat, India |
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Tel No.: |
91-2764-286177 |
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Fax No.: |
91-2764-286176 |
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|
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Branch Offices : |
Gate No.1234, Sanaswadi, Pune Nagar Road, Pune – 412210, Maharashtra,
India Also Located at:
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DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Deepchand Rikhavchan Shah |
|
Designation : |
Director |
|
Address : |
Khandwala Bunglows, Near Post Office, Hirani Haveli, Dharam Nagar,
Sabarmati, Ahmedabad - 380005, Gujarat, India |
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Date of Birth/Age : |
07.08.1944 |
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Qualification : |
Graduate |
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Date of Appointment : |
13.06.2012 |
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PAN No.: |
AFDPS6714F |
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DIN No.: |
00182719 |
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|
|
|
Name : |
Mr. Rameshkumar Rikhavchand Shah |
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Designation : |
Director |
|
Address : |
Khandwala Bunglows, Near Post Office, Hirani Haveli, Dharam Nagar,
Sabarmati, Ahmedabad - 380005, Gujarat, India |
|
Date of Birth/Age : |
23.05.1965 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
25.09.2009 |
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PAN No.: |
AFDPS6715E |
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DIN No.: |
00182764 |
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|
|
|
Name : |
Mr. Rohankumar Ramesh Shah |
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Designation : |
Director |
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Address : |
Khandwala Bunglows, Near Post Office, Hirani Haveli, Dharam Nagar,
Sabarmati, Ahmedabad - 380005, Gujarat, India |
|
Date of Birth/Age : |
05.10.1986 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
13.06.2012 |
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PAN No.: |
BDGPS4472L |
|
DIN No.: |
05323800 |
KEY EXECUTIVES
|
Name : |
Mr. Jaydeep |
|
Designation : |
Accounts Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Vimlaben Rameshkumar Shah |
153904 |
|
Reshmiben Deepchand Shah |
159016 |
|
Rohan Rameshkumar Shah |
140744 |
|
Seemaben Deepchand Shah |
126041 |
|
Hardik Rameshbhai Shah |
151490 |
|
Manjuben Madanlal Bafna |
94491 |
|
Mayank Madanlal Bafna |
25000 |
|
Ramesh Rikhavchand Shah |
134150 |
|
Doonvally Finance and Leasing Limited |
75000 |
|
Oven Commercials Private Limited |
43750 |
|
Liberal Spinners Limited |
15625 |
|
Pushkar Trading and Holding Private Limited |
46875 |
|
Kavery Trading and Holding Private Limited |
34375 |
|
Drake Commercials Private Limited |
12500 |
|
Chaturang Commercials Private Limited |
15625 |
|
Deepchand Rikhavchand Shah |
163053 |
|
Deepchand R. Shah (HUF) |
99253 |
|
Rameshkumar R. Shah (HUF) |
77788 |
|
Simul R. Shah |
70070 |
|
|
|
|
Total |
1638750 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
85.13 |
|
Public/Other than promoters - Body Corporate |
14.87 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Non Ferrous Metals and Trader of Scrap
Items. [Confirmed by Management] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Non Ferrous Metals |
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Countries : |
· Saudi Arabia · Japan |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
· Netherlands · Dubai · Hong Kong |
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Terms : |
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Selling : |
Advance Payment, L/C and Credit [30 Days] |
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Purchasing : |
Advance Payment, L/C and Credit [30 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturers
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Jain Raman Motilal Chartered Accountants |
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Address : |
B - 31-33, Ghanshyam Avenue, Opp. C.U. Shah
Coliege.Navjivan, income lax,Ahemdabad-385001, Gujarat, India |
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PAN No.: |
ACUPJ1785D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives: |
Adinath Enterprise |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1638750 |
Equity Shares |
INR 10/- each |
INR 16.388
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 |
16.388 |
16.388 |
16.388 |
|
(b) Reserves & Surplus |
231.938 |
212.411 |
198.867 |
|
(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) |
248.326 |
228.799 |
215.255 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
90.382 |
54.835 |
0.524 |
|
(b) Deferred tax liabilities (Net) |
13.660 |
12.619 |
11.727 |
|
(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) |
104.042 |
67.454 |
12.251 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
416.730 |
398.320 |
435.302 |
|
(b)
Trade payables |
148.178 |
67.786 |
63.512 |
|
(c)
Other current liabilities |
13.896 |
6.312 |
121.942 |
|
(d)
Short-term provisions |
10.028 |
13.363 |
8.896 |
|
Total
Current Liabilities (4) |
588.832 |
485.781 |
629.652 |
|
|
|
|
|
|
TOTAL |
941.200 |
782.034 |
857.158 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
123.615 |
114.972 |
111.216 |
|
(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 |
2.241 |
0.739 |
2.343 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
125.856 |
115.711 |
113.559 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
243.381 |
206.880 |
221.833 |
|
(c)
Trade receivables |
511.813 |
422.486 |
440.306 |
|
(d)
Cash and cash equivalents |
18.672 |
10.917 |
13.913 |
|
(e)
Short-term loans and advances |
41.478 |
26.040 |
67.547 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
815.344 |
666.323 |
743.599 |
|
|
|
|
|
|
TOTAL |
941.200 |
782.034 |
857.158 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2810.449 |
2500.782 |
1679.916 |
|
|
|
Other Income |
1.537 |
3.736 |
5.212 |
|
|
|
TOTAL |
2811.986 |
2504.518 |
1685.128 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2357.890 |
2180.516 |
1417.786 |
|
|
|
Purchases of Stock-in-Trade |
64.909 |
44.083 |
42.779 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
45.025 |
(27.909) |
(32.973) |
|
|
|
Employees benefits expense |
39.072 |
27.142 |
23.823 |
|
|
|
Other expenses |
210.796 |
192.081 |
162.708 |
|
|
|
TOTAL |
2717.692 |
2415.913 |
1614.123 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
94.294 |
88.605 |
71.005 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
57.058 |
61.225 |
49.863 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
37.236 |
27.380 |
21.142 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.669 |
6.993 |
7.641 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
29.567 |
20.387 |
13.501 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.041 |
6.843 |
4.368 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
19.526 |
13.544 |
9.133 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of manufactured goods exported |
49.764 |
189.099 |
0.000 |
|
|
TOTAL EARNINGS |
49.764 |
189.099 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1189.563 |
1107.388 |
711.938 |
|
|
TOTAL IMPORTS |
1189.563 |
1107.388 |
711.938 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
11.92 |
8.27 |
5.57 |
|
|
PARTICULARS |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
4000.000 |
|
|
|
|
|
Expected Sales (2018-2019): INR 4500.000 Million [Due to business
growth]
The above information has been parted by Mr. Jaydeep [Accounts Manager]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.845 |
1.365 |
1.467 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
34.522 |
49.879 |
(147.050) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
27.634 |
45.879 |
(148.650) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
66.47 |
61.66 |
95.67 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.49 |
5.92 |
3.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
22.32 |
11.12 |
15.87 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.39 |
0.43 |
0.32 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.76 |
0.77 |
0.64 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.72 |
0.69 |
0.74 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.05 |
1.99 |
2.03 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.37 |
2.12 |
2.93 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.50 |
0.50 |
0.52 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.65 |
1.45 |
1.42 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.69 |
0.54 |
0.54 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.07 |
1.73 |
1.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.86 |
5.92 |
4.24 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.38 |
1.37 |
1.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.97 |
0.95 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.26 |
0.29 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
31.00 |
27.73 |
26.68 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.38 |
1.37 |
1.18 |
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 |
16.388 |
16.388 |
16.388 |
|
Reserves & Surplus |
198.867 |
212.411 |
231.938 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
215.255 |
228.799 |
248.326 |
|
|
|
|
|
|
long-term borrowings |
0.524 |
54.835 |
90.382 |
|
Short term borrowings |
435.302 |
398.320 |
416.730 |
|
Current Maturities of Long
term debt |
1.467 |
1.365 |
0.845 |
|
Total
borrowings |
437.293 |
454.520 |
507.957 |
|
Debt/Equity
ratio |
2.032 |
1.987 |
2.046 |
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 |
1679.916 |
2500.782 |
2810.449 |
|
|
|
48.864 |
12.383 |
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 |
1679.916 |
2500.782 |
2810.449 |
|
Profit/ (Loss) |
9.133 |
13.544 |
19.526 |
|
|
0.54% |
0.54% |
0.69% |
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 |
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 |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G71021901 |
100141719 |
STATE BANK OF INDIA |
19/12/2017 |
- |
- |
40000000.0 |
SME LAW GARDEN BRANCH,ZODIAC AVENUE,AHMEDABADGJ380006IN |
|
2 |
G53599759 |
100123094 |
AXIS BANK LIMITED |
29/07/2017 |
- |
- |
60000000.0 |
'TRISHUL' 3RD FLOOR, OPPOSITE SAMARTHESHWAR TEMPLELAW GARDEN, ELLIS BRIDGE,AHEMDABADGJ380006IN |
|
3 |
C72684830 |
10606901 |
AXIS BANK LIMITED |
05/12/2015 |
- |
- |
20000000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGJ380006IN |
|
4 |
C42724153 |
10547511 |
AXIS BANK LTD |
24/01/2015 |
- |
- |
30000000.0 |
TRISHUL, 3RD FLOOR, OPP.SAMRTHESHWAR TEMPLE,LAW GARDEN, ELLISBRIDGE,AHMEDABADGJ380006IN |
|
5 |
G37100336 |
10194139 |
AXIS BANK LIMITED |
11/12/2009 |
16/09/2016 |
- |
460000000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGU380006IN |
|
6 |
B02376473 |
10151556 |
STATE BANK OF INDIA |
31/03/2009 |
- |
07/05/2010 |
160000000.0 |
MID CORPORATE BRANCH, ZODIAC AVENUEOPP. COMMISSIONER'S BUNGLOWS, LAW GARDENAHMEDABADGJ380006IN |
|
7 |
A90467572 |
10032349 |
STATE BANK OF INDIA |
17/01/2007 |
31/03/2009 |
23/03/2010 |
160000000.0 |
MID CORPORATE BRANCH, ZODIAC AVENUEOPP. COMMISSIONER'S BUNGLOWS, LAW GARDENAHMEDABADGJ380006IN |
|
8 |
A13546916 |
90104184 |
PUNJAB NATIONAL BANK |
01/01/2003 |
11/02/2005 |
05/04/2007 |
40000000.0 |
AMBAWADI BRANCH; HARIKRUPA TOWER;ELLISBRIDGEAHMEDABADGJ380006IN |
|
1 |
G71021901 |
100141719 |
STATE BANK OF INDIA |
19/12/2017 |
- |
- |
40000000.0 |
SME LAW GARDEN BRANCH,ZODIAC AVENUE,AHMEDABADGJ380006IN |
|
2 |
G53599759 |
100123094 |
AXIS BANK LIMITED |
29/07/2017 |
- |
- |
60000000.0 |
'TRISHUL' 3RD FLOOR, OPPOSITE SAMARTHESHWAR TEMPLELAW GARDEN, ELLIS BRIDGE,AHEMDABADGJ380006IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from others |
51.117 |
2.819 |
|
Other loans and advances, others |
36.395 |
48.300 |
|
|
|
|
|
Total |
87.512 |
51.119 |
FIXED ASSETS:
· Land
· Buildings
· Factory building
· Plant and equipment
· Factory equipments
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· 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, 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 65.35 |
|
UK Pound |
1 |
INR 92.70 |
|
Euro |
1 |
INR 80.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
RUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
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.