|
|
|
MIRA INFORM REPORT
|
Report No. : |
504462 |
|
Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
R.G.I. MEDITECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
29, Gulmohar Vatika, Sheetla Road, Bye Pass, Agra - 282005, Uttar
Pradesh |
|
Tel. No.: |
91-562-2280720 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
04.07.2006 |
|
|
|
|
Com. Reg. No.: |
20-032097 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 8.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24232UP2006PTC032097 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0612000516 |
|
|
|
|
CST/ TIN No.: |
09400119595 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR3391M |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
09AADCR3391M1ZV |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
150 (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 |
|
Maximum Credit Limit : |
USD 95000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2006 having a satisfactory track record.
It is engaged in manufacturing adult diapers and it is based in Uttar
Pradesh, India. R.G.I. Meditech Private Limited is an associate company of “Romsons
Group” of Industries which is one of the leading Indian companies in the
field of disposable medical devices. For the financial year 2017, the company has achieved decent growth in
its revenue as compared to its previous year along with fair profitability
margin during the year. Rating takes into consideration the satisfactory financial risk profile
marked by adequate net worth base and average debt protection metrics. Rating continue to derive strength from the strong managerial and
financial support received to the company from its associated company. However, the rating strengths is partially offset by strong managerial
and financial support received to the company from its associated company. Trade relations are fair. Payments are slow but correct. In view of aforesaid, the company can be considered for business dealings
with usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
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 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 PARTED BY (PARTIAL DETAILS)
|
Name : |
Mr. Brahma |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-120-6515626 |
|
Date : |
16.04.2018 |
LOCATIONS
|
Registered Office : |
29, Gulmohar Vatika, Sheetla Road, Bye Pass, Agra - 282005, Uttar
Pradesh, India |
|
Tel. No.: |
91-562-2280720 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office
: |
4/1, East Patel Nagar, New Delhi – 100 088, India |
|
Tel. No.: |
91-11-257896334 / 25762810 |
|
|
|
|
Factory : |
Plot No.J-31, Sector 63, Noida – 201 301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-6515626 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sahil Kishore Khanna |
||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||
|
Address : |
B-7, Lawyers Colony, Agra – 282 005, Uttar Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
25.08.1988 |
||||||||||||||||||||
|
Date of Appointment : |
01.03.2016 |
||||||||||||||||||||
|
DIN No.: |
06507905 |
||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Lalit Narain Khanna |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
22, Bagh Farzana, Civil Lines, Agra – 282 002, Uttar Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1954 |
||||||||||||||||||||
|
Date of Appointment : |
04.07.2006 |
||||||||||||||||||||
|
DIN No.: |
00107978 |
||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Kishore Narain Khanna |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
B-7, Lawyers Colony, Agra – 282 005, Uttar Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
02.07.1952 |
||||||||||||||||||||
|
Date of Appointment : |
04.07.2006 |
||||||||||||||||||||
|
DIN No.: |
00108143 |
||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Rakesh Narain Khanna |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
A-11/27, Vasant Vihar, Delhi – 110057, India |
||||||||||||||||||||
|
Date of Birth/Age : |
13.09.1958 |
||||||||||||||||||||
|
Date of Appointment : |
04.07.2006 |
||||||||||||||||||||
|
DIN No.: |
00108227 |
||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Brahma |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Kishore Narain Khanna |
|
17400 |
|
Lalit Narain Khanna |
|
16400 |
|
Rakesh Narain Khanna |
|
19400 |
|
Manju Khanna |
|
2500 |
|
Saourbh Khanna |
|
2500 |
|
Reeta Khanna |
|
2000 |
|
Rohit Khanna |
|
2000 |
|
Mohit Khanna |
|
2000 |
|
Simi Khanna |
|
3000 |
|
Sahil Khanna |
|
20000 |
|
Arvinda Khanna |
|
300 |
|
Vijay Kumar Khanna |
|
500 |
|
Vikas Khanna |
|
500 |
|
Neeraj Khanna |
|
500 |
|
Total |
|
89000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
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|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
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|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Advance Payment, L/C, Cheque and Credit (30 Days), Others (NEFT/ RTGS) |
||||
|
|
|
||||
|
Purchasing : |
Advance Payment, L/C, Cheque and Credit (30 Days), Others (NEFT/ RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers, End Users, OEMs and Manufacturers
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Rallan and Company Chartered Accountants |
|
Address : |
4D, Kaveri Centre, 1st Floor, Block 57/2, Sanjay Place,
Agra – 282002, Uttar Pradesh, India |
|
Tel. No.: |
91-265-2525999 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAMPR7020F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Parties : |
|
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
INR 100/- each |
INR 9.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
89000 |
Equity Shares |
INR 100/- each |
INR 8.900 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 |
8.900 |
8.900 |
8.900 |
|
(b) Reserves & Surplus |
24.433 |
(13.273) |
(18.136) |
|
(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) |
33.333 |
(4.373) |
(9.236) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
152.053 |
154.406 |
125.390 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
31.441 |
36.773 |
36.147 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
183.494 |
191.179 |
161.537 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
27.437 |
52.993 |
110.442 |
|
(b) Trade
payables |
43.910 |
21.207 |
4.464 |
|
(c) Other
current liabilities |
47.347 |
35.908 |
12.690 |
|
(d) Short-term
provisions |
14.842 |
1.175 |
0.000 |
|
Total Current
Liabilities (4) |
133.536 |
111.283 |
127.596 |
|
|
|
|
|
|
TOTAL |
350.363 |
298.089 |
279.897 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
135.699 |
154.919 |
160.786 |
|
(ii)
Intangible Assets |
0.015 |
0.029 |
0.057 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
28.291 |
|
(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) |
1.636 |
5.268 |
6.601 |
|
(d)
Long-term Loan and Advances |
2.937 |
2.728 |
1.190 |
|
(e) Other
Non-current assets |
0.000 |
0.022 |
0.022 |
|
Total Non-Current
Assets |
140.287 |
162.966 |
196.947 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
87.235 |
72.012 |
41.046 |
|
(c) Trade
receivables |
55.680 |
39.310 |
20.034 |
|
(d) Cash
and cash equivalents |
6.409 |
7.137 |
11.527 |
|
(e)
Short-term loans and advances |
60.340 |
16.344 |
10.106 |
|
(f) Other
current assets |
0.412 |
0.320 |
0.237 |
|
Total
Current Assets |
210.076 |
135.123 |
82.950 |
|
|
|
|
|
|
TOTAL |
350.363 |
298.089 |
279.897 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
638.495 |
413.009 |
206.637 |
|
|
Other Income |
4.205 |
3.750 |
3.214 |
|
|
TOTAL |
642.700 |
416.759 |
209.851 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
396.521 |
271.491 |
121.309 |
|
|
Purchases of
Stock-in-Trade |
1.843 |
2.004 |
22.966 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(9.736) |
(9.088) |
(4.202) |
|
|
Employees benefits
expense |
24.729 |
11.781 |
6.702 |
|
|
Other expenses |
119.269 |
65.155 |
32.243 |
|
|
Exceptional Items |
0.209 |
-0.031 |
0.027 |
|
|
TOTAL |
532.835 |
341.312 |
179.045 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
109.865 |
75.447 |
30.806 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
26.935 |
30.757 |
9.574 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
82.930 |
44.690 |
21.232 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.576 |
38.495 |
26.773 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
57.354 |
6.195 |
(5.541) |
|
|
|
|
|
|
|
Less |
TAX |
19.648 |
1.333 |
(0.673) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
37.706 |
4.862 |
(4.868) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(13.273) |
(18.135) |
(13.267) |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
24.433 |
(13.273) |
(18.135) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
19.204 |
12.836 |
0.514 |
|
|
TOTAL EARNINGS |
19.204 |
12.836 |
0.514 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
140.204 |
134.402 |
77.56 |
|
|
Components and Stores
parts |
0.000 |
0.253 |
0.000 |
|
|
Capital Goods |
0.000 |
0.000 |
26.908 |
|
|
TOTAL IMPORTS |
140.204 |
134.655 |
104.468 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
464.47 |
69.61 |
(62.26) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
17.182 |
8.960 |
8.960 |
|
Cash generated from operations |
72.269 |
55.359 |
7.815 |
|
Net cash flow from operating activity |
56.252 |
55.359 |
7.815 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
31.83 |
34.74 |
35.39 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
11.47 |
10.51 |
10.31 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
40.23 |
28.30 |
11.29 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.26 |
1.05 |
0.75 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.81 |
0.49 |
0.16 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.86 |
0.92 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
5.90 |
(49.48) |
(26.50) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.01 |
(25.45) |
(13.82) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
4.07 |
(35.43) |
(20.48) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.08 |
2.45 |
3.22 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
5.91 |
1.18 |
(2.36) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
10.76 |
1.63 |
(1.74) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
113.12 |
(111.18) |
52.71 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.57 |
1.21 |
0.65 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.92 |
0.57 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.10 |
(0.01) |
(0.03) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
22.10 |
24.31 |
27.50 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.57 |
1.21 |
0.65 |
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 |
8.900 |
8.900 |
8.900 |
|
Reserves & Surplus |
(18.136) |
(13.273) |
24.433 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
(9.236) |
(4.373) |
33.333 |
|
|
|
|
|
|
long-term borrowings |
125.390 |
154.406 |
152.053 |
|
Short term borrowings |
110.442 |
52.993 |
27.437 |
|
Current Maturities of
Long term debt |
8.960 |
8.960 |
17.182 |
|
Total borrowings |
244.792 |
216.359 |
196.672 |
|
Debt/Equity ratio |
(26.504) |
(49.476) |
5.900 |
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 |
206.637 |
413.009 |
638.495 |
|
|
|
99.872 |
54.596 |
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 |
206.637 |
413.009 |
638.495 |
|
Profit/(Loss) |
(4.868) |
4.862 |
37.706 |
|
|
(2.36%) |
1.18% |
5.91% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
GENERAL
INFORMATION
The company was incorporated on 04th July 2006. The company
has commenced the manufacturing of personal care products such as adult
diapers.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS:
The directors are optimistic about company’s business and hopeful of
better results in next year. There was on change in the nature of business of
company.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
146.391 |
125.390 |
|
|
|
|
|
Total |
146.391 |
125.390 |
INDEX
OF CHARGES
|
Charges Registered |
|||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G78915279 |
100159269 |
Axis Bank Limited |
29/12/2017 |
- |
403600000.0 |
GF-1 3-16 Block 51, Anupam Plaza-II Opp Shaheed Smarak, Sanjay Place Agra UTTAR PRADESH 282002 INDIA |
|
2 |
G32117756 |
10432558 |
CANARA BANK |
24/04/2013 |
24/08/2016 |
191000000.0 |
OVERSEAS BRANCH SANJAY PLACE AGRA UTTAR PRADESH 282002 INDIA |
FIXED ASSETS
·
Land
·
Buildings
·
Plant and Machinery
·
Furniture and Fixtures
·
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 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 65.44 |
|
|
1 |
INR 93.27 |
|
Euro |
1 |
INR 80.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
NRG |
|
|
|
|
Report Prepared
by : |
SUD |
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.