|
|
|
MIRA INFORM REPORT
|
Report No. : |
503919 |
|
Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
NANDAN TERRY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 109 Peninsula Centre, Dr. S. S. Rao Road, Behind Piramal Chembers, Parel (East), Mumbai – 400012, Maharashtra |
|
Mobile No.: |
91-7069003140 (Mr. Mayank Agarwal) |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
27.01.2015 |
|
|
|
|
Com. Reg. No.: |
11-261384 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 147.904 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17291MH2015PTC261384 |
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|
|
|
IEC No.: [Import-Export
Code No.] |
0815905912 |
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|
|
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GSTN : [Goods & Service Tax
Registration No.] |
24AAECN8555G1ZB |
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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.] |
AAECN8555G |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer of Textiles (Spinning, weaving and finishing of textiles). [Registered Activity] |
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|
|
|
No. of Employees
: |
Information denied by the management |
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 2500000 |
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|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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|
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Comments : |
Subject was incorporated in the year 2015. It is a Manufacturer of Textiles (Spinning, weaving and finishing of textiles). For the financial year 2017, the company has earned revenue of INR
451.150 million along with average profit margin of 2.15%. The satisfactory financial profile of the company is marked by
adequate networth base along with average debt coverage indicators. Rating takes into consideration equity infused by its promoters. Payment seems to be unknown. In view of aforesaid, the company can be considered for business
dealings with some caution. Note: As per our old
data base, for the FY 2014-15 the company had earned revenue from trading of
Grey Fabric and later on the company had stropped their business activities
before March 2015. Further, in October 2016 the company resumed its business
activity. |
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 |
ICRA |
|
Rating |
Term loan facilities BB+ (Issuer not
cooperative) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
15.02.2018 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non fund bases: A4+ (Issuer not
cooperative) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
15.02.2018 |
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
31-03-2018.
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 17.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Mayank Agarwal |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-7069003140 |
|
Date : |
17.04.2018 |
LOCATIONS
|
Registered Office : |
Unit No. 109 Peninsula Centre, Dr. S. S. Rao Road, Behind Piramal Chembers, Parel (East), Mumbai – 400012, Maharashtra, India |
|
Tel. No.: |
91-22-66604123 |
|
Mobile No.: |
91-7069003140 (Mr. Mayank Agarwal) |
|
Fax No.: |
91-22-66604123 |
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E-Mail : |
|
|
|
|
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Corporate Office : |
Shivranjani Cross Roads, Satellite Ahmedabad – 380015, Gujarat, India |
|
Tel. No.: |
91-79-26734660 / 2 / 3 |
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Fax No.: |
91-79-26768656 |
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Website : |
|
|
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Plant 1 (Corresponds Address) / Branch 1 : |
Survey No. 185/1, Saijpur, Gopalpur, Taluka - Vatva Ahmedabad - 382405, Gujarat, India |
|
Tel. No.: |
91-79-25714568 / 25716223 |
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Fax No.: |
91-79-25714568 / 69 |
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|
|
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Pant 2 / Branch 2 : |
Survey No. 357/A/5, 357/A/6, Kharati to Dholi Road, Dholi Rupgadh, Ahmedabad – 382210, Gujarat, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vedprakash Devkinandan Chiripal |
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Designation : |
Director |
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Address : |
11 Nandi Hill Society, Opposite Isro, Satellite Road, Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
21.11.1951 |
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Qualification : |
Graduate |
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Date of Appointment : |
27.01.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
AAHPC2102Q |
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DIN No.: |
00290454 |
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Other Directorship:
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Name : |
Mr. Brijmohan Devkinandan Chiripal |
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Designation : |
Additional Director |
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Address : |
10, Nandi Hill Society, Opposite ISRO, Satellite Road,
Ahmedabad -380015, Gujarat, India |
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Date of Birth/Age : |
|
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Date of Appointment : |
20.10.2017 |
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DIN No.: |
00290426 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Pooja Smit Shah |
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Designation : |
Additional Director |
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Address : |
A,/T/3, Rajvi Complex, Near Sonal Cross Road, Gurukul Road, Memnagar, Ahmedabad – 380052, Gujarat, India |
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Date of Appointment : |
01.10.2017 |
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DIN No.: |
07441428 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Mayank Agarwal |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Bhavana Textile Private Limited |
|
200000 |
|
Brijmohan
Chiripal |
|
65000 |
|
Chiripal
Exim Llp |
|
4020000 |
|
Deepak
Chiripal |
|
60000 |
|
Devkinandan
Corporation LLP |
|
4020000 |
|
Durgeshwari
Pradeep Chiripal |
|
200000 |
|
Harianand
Trading LLP |
|
200000 |
|
Jaiprakash
Chiripal |
|
120000 |
|
Jyotiprasad
Chiripal |
|
60000 |
|
Kautilya Traders Private Limited |
|
494118 |
|
Manjudevi
Chiripal |
|
120000 |
|
Nitika
Chiripal |
|
60000 |
|
Prakash
Calender Private Limited |
|
400000 |
|
Pritidevi
Chiripal |
|
60000 |
|
Quality
Exim Private Limited |
|
200000 |
|
Rameshwar
Retail Private Limited |
|
400000 |
|
Ronak
Chiripal |
|
120000 |
|
Rushp
Trading LLP |
|
200000 |
|
Satrama
Trading LLP |
|
200000 |
|
Savitridevi
Chiripal |
|
60000 |
|
Shanti
Export Private Limited |
|
400000 |
|
Shivhari
Trading LLP |
|
200000 |
|
Sparow
Export Private Limited |
|
200000 |
|
Sushila
Ashok Chiripal |
|
400000 |
|
Tripoli
Management Private Limited |
|
592158 |
|
Urmiladevi
Chiripal |
|
60000 |
|
Vedprakash
Chiripal |
|
65000 |
|
Vijay
Subham Contrade Private Limited |
|
294118 |
|
Vineeta
Chiripal |
|
60000 |
|
Vishal
Chiripal |
|
60000 |
|
Vrindavan
Furnishing Private Limited |
|
200000 |
|
Chiripal Industries Limited |
|
1000000 |
|
Total |
|
14790394 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
0.88 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
9.74 |
|
Public/Other than promoters - Body corporate |
89.38 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Textiles (Spinning, weaving and finishing of textiles). [Registered Activity] |
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Products / Services
: |
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||||
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||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
||||
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Imports : |
Not Divulged |
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|
|
||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
|
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|
||||||||||||||||||||||
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No. of Employees : |
Information denied by the management |
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|
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
C. N Somani and Associates Chartered Accountants |
|
Address : |
91 Hirabhai Market, Diwan Ballubhai Road, Kankaria, Ahmedabad-380022, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AMYPS6567L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associated Party: |
1. Chiripal Textile Mills Limited 2. Chiripal Industries Limited 3. Chiripal Lifestyle Limited 4. Chiripal Poly Films Limited 5. Cil Nova Petrochemicals Limited 6. Devkinandan Corporation LLP 7. Nandan Corporation LLP 8. Nandan Denim Limited 9. Nova Textiles Private Limited 10. Picasso Flexibles Limited 11. Prizm Club Limited 12. Shanti Exports Private Limited 13. Nav Sarjan Projects Private Limited 14. Dholi Spintex Private Limited 15. Nandan Industries Private Limited 16. Quality Exim Private Limited 17. Chiripal Industrial Park Limited |
CAPITAL STRUCTURE
AFTER 30.09.2017
Authorised Capital : INR 200.000 Million
Issued, Subscribed & Paid-up Capital : INR 152.541 Million
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14790394 |
Equity Shares |
INR 10/- each |
INR 147.904 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
147.904 |
99.904 |
0.100 |
|
(b) Reserves and Surplus |
722.619 |
271.335 |
0.204 |
|
(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) |
870.523 |
371.239 |
0.304 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2967.376 |
50.314 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.024 |
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) |
2967.376 |
50.338 |
0.000 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.510 |
|
(b) Trade
payables |
52.096 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
152.550 |
102.891 |
0.528 |
|
(d) Short-term
provisions |
1.643 |
0.950 |
0.389 |
|
Total Current
Liabilities (4) |
206.289 |
103.841 |
1.427 |
|
|
|
|
|
|
TOTAL |
4044.188 |
525.418 |
1.731 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1958.811 |
335.926 |
0.000 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
1030.575 |
140.211 |
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) |
8.142 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
576.972 |
13.057 |
0.000 |
|
(e) Other
Non-current assets |
58.432 |
28.993 |
1.310 |
|
Total Non-Current
Assets |
3632.932 |
518.187 |
1.310 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
150.284 |
0.000 |
0.000 |
|
(c) Trade
receivables |
79.030 |
0.000 |
0.000 |
|
(d) Cash and
bank balances |
145.212 |
6.736 |
0.403 |
|
(e) Short-term
loans and advances |
36.730 |
0.495 |
0.018 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
411.256 |
7.231 |
0.421 |
|
|
|
|
|
|
TOTAL |
4044.188 |
525.418 |
1.731 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
451.159 |
0.000 |
2.598 |
|
|
Other Income |
1.996 |
2.129 |
0.000 |
|
|
TOTAL |
453.155 |
2.129 |
2.598 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
436.161 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
2.282 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(112.152) |
0.000 |
0.000 |
|
|
Employee benefit expense |
28.443 |
0.000 |
0.000 |
|
|
Other expenses |
55.287 |
0.347 |
0.021 |
|
|
TOTAL |
407.739 |
0.347 |
2.303 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
45.416 |
1.782 |
0.295 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
19.074 |
0.349 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
26.342 |
1.433 |
0.295 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
24.824 |
0.049 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1.518 |
1.384 |
0.295 |
|
|
|
|
|
|
|
Less |
TAX |
(8.166) |
0.449 |
0.091 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
9.684 |
0.935 |
0.204 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
1.139 |
0.204 |
0.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
10.823 |
1.139 |
0.204 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.66 |
0.09 |
0.02 |
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 flows from (used in) operations |
(134.756) |
126.144 |
0.303 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(134.756) |
126.053 |
0.303 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
63.94 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.71 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
43.60 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.30 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.02 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.29 |
0.82 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.41 |
0.14 |
1.68 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.24 |
0.28 |
4.69 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
3.43 |
1.28 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.38 |
5.11 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.15 |
0.00 |
7.85 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.24 |
0.18 |
11.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.11 |
0.25 |
67.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.99 |
0.07 |
0.30 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.27 |
0.07 |
0.30 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.22 |
0.71 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
20.06 |
0.50 |
5.10 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.99 |
0.07 |
0.30 |
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 |
0.100 |
99.904 |
147.904 |
|
Reserves & Surplus |
0.204 |
271.335 |
722.619 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
0.304 |
371.239 |
870.523 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
50.314 |
2967.376 |
|
Short term borrowings |
0.510 |
0.000 |
0.000 |
|
Total
borrowings |
0.510 |
50.314 |
2967.376 |
|
Debt/Equity
ratio |
1.678 |
0.136 |
3.409 |
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 |
|
Total
Income |
2.598 |
2.129 |
453.155 |
|
|
|
(18.052) |
21,184.876 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
2.598 |
2.129 |
453.155 |
|
Profit |
0.204 |
0.935 |
9.684 |
|
|
7.85% |
43.92% |
2.14% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF BUSINESS OPERATIONS AND STATE OF
COMPANYS AFFAIRS:
The Company’s total income for the year 2016-17 is INR 453.200 Million compared to last year’s income of INR 2.100 Million. The Profit before Tax (after depreciation) during the year was INR 1.500 Million as compared to previous year’s figure of INR 1.400 Million. The Company has earned Net Profit of INR 9.700 Million against the Net Profit of INR 0.900 Million during the previous year.
The Company commenced its manufacturing operations from March 2017. Your Company expects to achieve better performance during the current year.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Intercorporate deposits |
414.435 |
50.314 |
|
Total |
414.435 |
50.314 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G54440169 |
100121957 |
PNB INVESTMENT
SERVICES LIMITED |
21/04/2017 |
27/07/2017 |
800000000.0 |
CIRCLE OFFICE, 6TH
FLOOR, GUJARAT BHAVANNEAR M.J. LIBRARY, ASHRAM ROADAHMEDABADGJ380006IN |
|
2 |
G58075342 |
100033823 |
PNB INVESTMENT
SERVICES LIMITED |
03/06/2016 |
27/07/2017 |
4330000000.0 |
CIRCLE OFFICE, 6TH
FLOOR, GUJARAT BHAVAN,NEAR M.J. LIBRARY, ASHRAM ROADAHMEDABADGJ380006IN |
|
3 |
G03869237 |
100027680 |
PNB INVESTMENT
SERVICES LIMITED |
20/04/2016 |
- |
3530000000.0 |
CIRCLE OFFICE, 6TH
FLOOR, GUJARAT BHAVAN,NEAR M.J. LIBRARY, ASHRAM ROADAHMEDABADGJ380006IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- 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,
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 65.45 |
|
|
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
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.