|
|
|
%20PRIVATE%20LIMITED%20-%20503581%2013-Apr-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20503581%2013-Apr-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20503581%2013-Apr-2018_files/image005.gif)
MIRA INFORM REPORT
|
Report No. : |
503581 |
|
Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SATI GRANITES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
760/14, Raaj Towers, 3rd Floor, 23rd Cross, K.R. Road, Bsk
2nd Stage, Bangalore – 560070, Karnataka |
|
Mob. No.: |
91-9448396800 [Mr. Sandeep Jalan] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
02.08.2011 |
|
|
|
|
Com. Reg. No.: |
08-059844 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 68.130 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26993KA2011PTC059844 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
29AAQCS1509R1ZH |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAQCS1509R |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacture and Exporter of millstones, sharpening or polishing stones and natural or artificial abrasive products, including abrasive powder or grain on a base of textile material, paper, paper board or other material and also Importer of Raw Material. [Registered Activity] |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 300000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2011. It is a engaged in
manufacturing of milestones, sharpening or polishing, stones and natural or
artificial abrasive products. As per the financial of 2017, the company has achieved a favorable
growth in its revenue as compared to the previous year’s revenue and has
reported an average profitability margin. The company possesses moderate financial position marked by low reserve
base as compared to its capital along with modest liquidity position. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2018.
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 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. Sandeep Jalan |
|
Designation : |
Director |
|
Contact No.: |
91-9448396800 |
|
Date : |
12.04.2018 |
LOCATIONS
|
Registered Office : |
760/14, Raaj Towers, 3rd Floor, 23rd Cross, K.R. Road, BSK
2nd Stage, Bangalore – 560070, Karnataka, India |
|
Tel. No.: |
91-80-32444222 / 26711123 / 26711124 |
|
Mobile No.: |
91-9448396800 [Mr. Sandeep Jalan] |
|
Fax No.: |
91-80-26711125 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Hyderabad Office : |
# 1-2-8/11, 3rd Floor, Himayatnagar Street No.1, Domalguda, Hyderabad - 500 029, Telangana, India |
|
Tel. No.: |
91-40-2762 3232 |
|
Fax No.: |
91-40-2762 4343 |
|
|
|
|
Tamilnadu Office : |
Sy.No.566/567 and 39/2, Kamandoddi and Subbugiri (Village), Pathakotta Road, Hosur, District: Krishnagiri - 635 117, Tamilnadu, India |
|
Tel. No.: |
91-4344-257114 |
|
Fax No.: |
91-4344-257115 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Pankaj Chaudhary |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
3-4-151, Lingampally, Near Barkatpura, Hyderabad – 500027, Telangana, India |
||||||||||||||||
|
Date of Birth/Age : |
27.04.1977 |
||||||||||||||||
|
Date of Appointment : |
02.08.2011 |
||||||||||||||||
|
DIN No.: |
00221657 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Swaroop Jalan |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
No.2071, B Block, Prestige Notting Hill, Apartment Kalena Agrahara, B.G.Road, Bangalore – 560076, Karnataka, India |
||||||||||||||||
|
Date of Birth/Age : |
24.12.1976 |
||||||||||||||||
|
Date of Appointment : |
30.09.2016 |
||||||||||||||||
|
DIN No.: |
00604137 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Sandeep Jalan |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
No. 1101, Prestige South Ridge 100 Feet, Ring Road, Hosakerehalli BSK 3rd Stage, Bangalore – 560085, Karnataka, India |
||||||||||||||||
|
Date of Birth/Age : |
07.05.1973 |
||||||||||||||||
|
Date of Appointment : |
02.08.2011 |
||||||||||||||||
|
DIN No.: |
00891212 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Swastik Jalan |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
C-503, 5th Floor, C Block, Sterling Terrace, 100 Feet Ring Road, Bangalore – 560085, Karnataka, India |
||||||||||||||||
|
Date of Birth/Age : |
29.04.1975 |
||||||||||||||||
|
Date of Appointment : |
02.08.2011 |
||||||||||||||||
|
DIN No.: |
01721641 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Naresh Kumar Agarwal |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
12-1-331/63/1, Dattatreaya Colony, Ward No. 12, Circle V, Hydrabad – 500028, Telangana, India |
||||||||||||||||
|
Date of Birth/Age : |
08.02.1962 |
||||||||||||||||
|
Date of Appointment : |
08.03.2012 |
||||||||||||||||
|
DIN No.: |
05213505 |
||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Pankaj Chaudhary |
|
459000 |
|
Sandeep Jalan |
|
713000 |
|
Sati Exports India Private Limited |
|
1145000 |
|
Swastika Jalan |
|
850000 |
|
Vibha Chaudhary |
|
385000 |
|
Lalita Jalan |
|
221000 |
|
Monkia Jalan |
|
155000 |
|
Pawan Kumar Chaudhary |
|
50000 |
|
Poonam Jalan |
|
150000 |
|
Sandeep Jalan HUF |
|
302500 |
|
Swaroop Jalan |
|
40000 |
|
Swastika Jalan HUF |
|
307500 |
|
Dee Kartavya Finance Limited |
|
850000 |
|
K G Granites-Prop. Anoop Lohia |
|
100000 |
|
Naresh Kumar Agarwal |
|
190000 |
|
Pradeep Kumar |
|
150000 |
|
Rakesh Mutha |
|
100000 |
|
Subha Maneesh Rao |
|
80000 |
|
Susheela Bai |
|
70000 |
|
Draupadhi Devi Jhunjhunwala |
|
20000 |
|
Jaycee Securtities Private Limited |
|
270000 |
|
Prabhat Kumar Jhunjhunwala |
|
125000 |
|
Shruti Jhunjhunwala |
|
30000 |
|
Siddhi Jhunjhunwala |
|
50000 |
|
|
|
|
|
Total |
|
6813000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
56.11 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
9.18 |
|
Public - Bodies corporate |
34.71 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20503581%2013-Apr-2018_files/image006.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacture and Exporter of millstones, sharpening or polishing stones and natural or artificial abrasive products, including abrasive powder or grain on a base of textile material, paper, paper board or other material and also Importer of Raw Material. [Registered Activity] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Cheque and NEFT |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cheque and NEFT |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
G.V. Acharya and Company Chartered Accountants |
|
Address : |
#310, 3rd Floor, 9/1 Commercial House, Cunnigham Road, Bangalore – 560052, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFG0696B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Parties : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6813000 |
Equity Shares |
INR 10/- each |
INR 68.130
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 |
68.130 |
68.130 |
68.130 |
|
(b) Reserves &
Surplus |
49.637 |
38.250 |
29.446 |
|
(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) |
117.767 |
106.380 |
97.576 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
166.369 |
203.261 |
168.231 |
|
(b) Deferred tax
liabilities (Net) |
1.263 |
1.647 |
1.596 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
23.758 |
6.986 |
5.998 |
|
Total Non-current
Liabilities (3) |
191.390 |
211.894 |
175.825 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
74.672 |
74.932 |
94.418 |
|
(b) Trade payables |
50.774 |
42.348 |
23.498 |
|
(c) Other current
liabilities |
1.518 |
1.943 |
2.466 |
|
(d) Short-term provisions |
6.800 |
4.450 |
3.450 |
|
Total Current Liabilities
(4) |
133.764 |
123.673 |
123.832 |
|
|
|
|
|
|
TOTAL |
442.921 |
441.947 |
397.233 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
175.957 |
195.536 |
186.774 |
|
(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 |
33.423 |
10.721 |
3.715 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
209.380 |
206.257 |
190.489 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
124.290 |
131.406 |
103.045 |
|
(c) Trade receivables |
69.030 |
54.370 |
82.373 |
|
(d) Cash and cash
equivalents |
18.280 |
32.250 |
16.045 |
|
(e) Short-term loans and
advances |
14.631 |
11.232 |
0.682 |
|
(f) Other current assets |
7.310 |
6.432 |
4.599 |
|
Total Current Assets |
233.541 |
235.690 |
206.744 |
|
|
|
|
|
|
TOTAL |
442.921 |
441.947 |
397.233 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
425.876 |
314.668 |
314.085 |
|
|
Other Income |
1.184 |
6.649 |
8.301 |
|
|
TOTAL |
427.060 |
321.317 |
322.386 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
218.452 |
149.667 |
168.983 |
|
|
Purchases of
Stock-in-Trade |
20.772 |
19.155 |
2.725 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.675 |
(15.256) |
(8.146) |
|
|
Employees benefits
expense |
12.846 |
21.679 |
18.724 |
|
|
Other expenses |
100.149 |
75.715 |
74.309 |
|
|
TOTAL |
354.894 |
250.960 |
256.595 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
72.166 |
70.357 |
65.791 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
27.196 |
26.608 |
31.557 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
44.970 |
43.749 |
34.234 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
27.167 |
30.445 |
21.626 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
17.803 |
13.304 |
12.608 |
|
|
|
|
|
|
|
Less |
TAX |
6.416 |
4.501 |
4.166 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
11.387 |
8.803 |
8.442 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
2.758 |
2.977 |
3.839 |
|
|
TOTAL EARNINGS |
2.758 |
2.977 |
3.839 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.142 |
23.842 |
1.550 |
|
|
Components and Stores
parts |
0.000 |
0.000 |
39.859 |
|
|
Capital Goods |
0.000 |
19.950 |
42.090 |
|
|
TOTAL IMPORTS |
0.142 |
43.792 |
83.499 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.67 |
1.29 |
1.24 |
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 |
64.382 |
70.976 |
(0.085) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
59.16 |
63.07 |
95.73 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.17 |
5.79 |
3.81 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
77.47 |
91.56 |
49.95 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.58 |
0.54 |
0.64 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.41 |
0.36 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.68 |
0.74 |
0.74 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.05 |
2.62 |
2.69 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.14 |
1.16 |
1.27 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.49 |
1.84 |
1.91 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.65 |
2.64 |
2.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.67 |
2.80 |
2.69 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.57 |
1.99 |
2.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
9.67 |
8.28 |
8.65 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.75 |
1.91 |
1.67 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.82 |
0.84 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.27 |
0.24 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.54 |
4.08 |
3.86 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.75 |
1.91 |
1.67 |
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 |
68.130 |
68.130 |
68.130 |
|
Reserves & Surplus |
29.446 |
38.250 |
49.637 |
|
Net worth |
97.576 |
106.380 |
117.767 |
|
|
|
|
|
|
long-term borrowings |
168.231 |
203.261 |
166.369 |
|
Short term borrowings |
94.418 |
74.932 |
74.672 |
|
Total borrowings |
262.649 |
278.193 |
241.041 |
|
Debt/Equity ratio |
2.692 |
2.615 |
2.047 |
%20PRIVATE%20LIMITED%20-%20503581%2013-Apr-2018_files/image007.gif)
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 |
314.085 |
314.668 |
425.876 |
|
|
|
0.186 |
35.341 |
%20PRIVATE%20LIMITED%20-%20503581%2013-Apr-2018_files/image008.gif)
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 |
314.085 |
314.668 |
425.876 |
|
Profit |
8.442 |
8.803 |
11.387 |
|
|
2.69% |
2.80% |
2.67% |
%20PRIVATE%20LIMITED%20-%20503581%2013-Apr-2018_files/image009.gif)
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 |
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 |
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 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
31.555 |
42.073 |
|
Loans and advances from directors |
2.040 |
2.039 |
|
Intercorporate borrowings |
100.453 |
117.119 |
|
|
|
|
|
Total |
134.048 |
161.231 |
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G28507564 |
100063998 |
Punjab National Bank |
21/10/2016 |
- |
- |
1800000.0 |
K G Road Branch, No.34,Kempegowda RoadBangaloreKA560009IN |
|
2 |
G05376025 |
100031851 |
Punjab National Bank |
16/05/2016 |
- |
- |
500000.0 |
K G Road Branch, No.34,Kempegowda RoadBangaloreKA560009IN |
|
3 |
C76642388 |
10614917 |
Punjab National Bank |
02/12/2015 |
- |
- |
900000.0 |
K G Road BranchNo.34, K G RoadBangaloreKA560009IN |
|
4 |
G53005914 |
10361193 |
STATE BANK OF INDIA |
24/05/2012 |
- |
12/09/2017 |
182600000.0 |
26A, ELECTRONICS CITY,HOSUR ROAD,BANGALOREKA560100IN |
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Vehicles
- Motor 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 65.35 |
|
|
1 |
INR 92.70 |
|
Euro |
1 |
INR 80.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
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.