|
|
|
MIRA INFORM REPORT
|
Report No. : |
503783 |
|
Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
STRYKAR OVERSEAS LLP |
|
|
|
|
Registered
Office : |
1/A, Aditya Bunglows, Near Utsav Row House, Thaltej, Ahmedabad
– 380054, Gujarat |
|
Mobile No.: |
91-9924987800 (Mr. Hiren Mandaliya) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Establishment : |
23.05.2014 |
|
|
|
|
Obligation of
contribution |
INR 5.561 Million |
|
|
|
|
LLPIN : |
AAC-3215 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0814006485 |
|
|
|
|
TIN No.: |
24073608290 |
|
|
|
|
CST No: |
24573608290 |
|
|
|
|
ST No: |
ACOFS4795CSE001 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24ACOFS4795C1ZS |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
ACOFS4795C |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
Trader and Exporter of Indian Raw Cotton. (Registered activity and
also confirmed by management) |
|
|
|
|
No. of Employees
: |
05 (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 15800 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a limited liability partnership firm started in the year
2014 having moderate track record. For the financial year ended 2017, the firm has witnessed a healthy growth
in its revenue but failed to maintained profit margin and reported low profit
margin at 0.15% (approximately.) The rating also takes into consideration hue borrowings recorded along
with moderate net worth base and firm short track record of business
operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be slow but correct. The Limited Liability Partnership firm 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 16.04.2018
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. Hiren Mandaliya |
|
Designation : |
Accountant |
|
Contact No.: |
91-9924987800 |
|
Date : |
14.03.2018 |
LOCATIONS
|
Registered Office : |
1/A, Aditya Bunglows, Near Utsav Row House, Thaltej,
Ahmedabad – 380054, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9924987800 (Mr. Hiren Mandaliya) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality: |
Residential |
|
|
|
|
Administrative / Corporate Office : |
Block 12, 3rd Floor, Magnet Corporate Park, Near Sola Over,
Ahmedabad – 380054, Gujarat, India |
|
|
|
|
Warehouse : |
Located at:
|
PARTNERS
AS ON 31.03.2017
|
Name : |
Mr. Arjunbhai Arvindbhai Patel |
|
Designation : |
Designated Partner |
|
Address : |
C/402, Abhiyaan Appartment, Near Devkinandan Derasar,
Behind St. Xaviers Loyola School, Naranpura, Ahmedabad - 380013, Gujarat,
India |
|
Date of Birth / Age : |
26.01.1988 |
|
Date of Appointment : |
23.05.2014 |
|
DPIN No.: |
06861048 |
|
|
|
|
Name : |
Mr. Rushin Maheshkumar Parikh |
|
Designation : |
Designated Partner |
|
Address : |
1-A, Aditya Bunglows, Opposite Goyal Intercity, Sal Hospital
Road, Thaltej, Ahmedabad - 380054, Gujarat, India |
|
Date of Birth / Age : |
13.05.1987 |
|
Date of Appointment : |
23.05.2014 |
|
DPIN No.: |
06861070 |
|
|
|
|
Name : |
Munjal Vinodbhai Dalal |
|
Designation : |
Designated Partner |
|
Address : |
32,Kalindi Bunglows, Nr. Sola Overbridge Thaltej, Ahmedabad – 380061, Gujarat, India |
|
Date of Appointment : |
23.05.2014 |
|
|
|
|
Name : |
Mr. Rajnikant Kanubhai Patel |
|
Designation : |
Designated Partner |
|
Address : |
1, Heritage Lotus, Thaltej, Thaltej (Ct), Ahmedabad – 380059, Gujarat, India |
|
Date of Appointment : |
23.05.2014 |
KEY EXECUTIVES
|
Name : |
Mr. Hiren Mandaliya |
|
Designation : |
Accountant |
CONTRIBUTION DETAILS
AS ON 31.03.2017
|
Names of Persons |
INR in Million |
|
Munjal Vinodbhai Dalal |
0.125 |
|
Arjunbhai Arvindbhai Patel |
0.100 |
|
Rushin Maheshkumar Parikh |
0.150 |
|
Rajnikant Kanubhai Patel |
0.125 |
|
Total |
0.500 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Indian Raw Cotton. (Registered activity and
also confirmed by management) |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit (30/60 Days) |
|
|
|
|
Purchasing : |
L/C, Credit (30/60 Days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Customers : |
Wholesaler, Retailer
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
05 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Anjana H Mandaliya Chartered Accountants |
|
Address : |
501, Devnandan Summit, Near Pramukh Zion Bunglows, Sargasar Cross Road,
Gandhinagar – 382480, Gujarat, India |
|
Mobile No.: |
91-9016694295 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : |
|
CONTRIBUTION
AS ON 31.03.2017
Partners Fix
Capital Account
|
Particular |
INR in Million |
|
Rushin Maheshbhai Parikh |
0.150 |
|
Arjun Arvindbhai Parel |
0.100 |
|
Munjal Vinodbhai Dalal |
0.125 |
|
Rajnikant K. Patel |
0.125 |
|
Total |
0.500 |
Partners
Floating Capital Account
|
Particular |
INR in Million |
|
Rushin Maheshbhai Parikh |
1.514 |
|
Arjun Arvindbhai Parel |
1.067 |
|
Munjal Vinodbhai Dalal |
1.240 |
|
Rajnikant K. Patel |
1.240 |
|
Total |
5.061 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Partners Fix Capital Account |
|
0.500 |
0.500 |
|
Partners Floating Capital Account |
|
5.061 |
3.215 |
|
Reserves and Surplus |
|
0.000 |
0.000 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
5.561 |
3.715 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
43.117 |
36.756 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities (TDS Payable) |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
43.117 |
36.756 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
33.331 |
36.222 |
|
(c) Other current
liabilities |
|
5.152 |
2.657 |
|
(d) Short-term provisions |
|
0.775 |
0.834 |
|
Total Current Liabilities
(4) |
|
39.258 |
39.713 |
|
|
|
|
|
|
TOTAL |
|
87.936 |
80.184 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.054 |
0.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
0.054 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
2.038 |
0.943 |
|
(b) Inventories |
|
37.963 |
5.733 |
|
(c) Trade receivables |
|
22.482 |
41.615 |
|
(d) Cash and cash
equivalents |
|
0.579 |
1.117 |
|
(e) Short-term loans and
advances |
|
24.820 |
30.776 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
87.882 |
80.184 |
|
|
|
|
|
|
TOTAL |
|
87.936 |
80.184 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
sales |
|
1149.759 |
443.599 |
|
|
Direct Income |
|
11.542 |
4.118 |
|
|
Indirect Income |
|
36.673 |
6.127 |
|
|
TOTAL |
|
1197.974 |
453.844 |
|
|
|
|
(Due to business growth) |
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
|
1148.106 |
427.695 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(32.230) |
(5.079) |
|
|
Payment
To Auditor |
|
0.000 |
0.000 |
|
|
Direct Expenses |
|
19.481 |
8.690 |
|
|
Indirect Expenses |
|
44.322 |
16.642 |
|
|
Partner Remuneration |
|
0.600 |
0.600 |
|
|
Partner Capital Interest |
|
0.060 |
0.000 |
|
|
TOTAL |
|
1180.339 |
448.548 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
17.635 |
5.296 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
15.067 |
3.417 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
2.568 |
1.879 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.081 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
2.487 |
1.879 |
|
|
|
|
|
|
|
Less |
TAX |
|
0.750 |
0.581 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
1.737 |
1.298 |
Expected Sales (2017-2018): INR 1100.000 Million (Due to market
fluctuation)
The above information has been parted by Mr. Hiren Mandaliya
(Accountant)
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Contribution Received |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
4.327 |
|
|
TOTAL BORROWING |
|
|
4.327 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.827 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.204 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.654
|
|
|
Sundry Debtors |
|
|
6.377
|
|
|
Cash & Bank Balances |
|
|
0.050
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
1.584
|
|
Total
Current Assets |
|
|
8.665
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2.985
|
|
|
Other Current Liabilities |
|
|
1.016
|
|
|
Provisions |
|
|
0.041
|
|
Total
Current Liabilities |
|
|
4.042
|
|
|
Net Current Assets |
|
|
4.623
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.827 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
59.266 |
|
|
Other Income |
|
|
1.687 |
|
|
TOTAL
|
|
|
60.953 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
|
55.066 |
|
|
Increase/(decrease) in stock
[including for raw materials, work in progress and finished goods] |
|
|
(0.654) |
|
|
Payment to auditor |
|
|
0.015 |
|
|
Selling expense |
|
|
1.829 |
|
|
Insurance Expenses |
|
|
0.000 |
|
|
Other expenses |
|
|
3.299 |
|
|
TOTAL |
|
|
59.555 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
1.398 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.561 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.837 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
|
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
0.837 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
|
0.837 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
7.14 |
34.24 |
39.27 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
51.14 |
10.66 |
9.29 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
10.60 |
30.91 |
19.79 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.46 |
0.92 |
2.14 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
326.56 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.94 |
0.95 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
7.75 |
9.89 |
8.65 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
7.06 |
10.69 |
16.74 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.01 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.17 |
1.55 |
2.49 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.15 |
0.29 |
1.41 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.97 |
1.62 |
9.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
31.22 |
34.97 |
167.40 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.24 |
2.02 |
1.06 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.27 |
1.87 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.06 |
0.05 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
86.23 |
73.51 |
8.65 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.24 |
2.02 |
1.06 |
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 |
|
Partners Capital |
0.500 |
0.500 |
0.500 |
|
Partners Floating Account
|
0.000 |
3.215 |
5.061 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net worth |
0.500 |
3.715 |
5.561 |
|
|
|
|
|
|
Short Term Borrowing |
|
36.756 |
43.117 |
|
Long Term Borrowing |
4.327 |
0.000 |
0.000 |
|
Total borrowings |
4.327 |
36.756 |
43.117 |
|
Debt/Equity ratio |
8.654 |
9.894 |
7.753 |
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 |
59.266 |
443.599 |
1149.758 |
|
|
|
648.488 |
159.189 |
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 |
59.266 |
443.599 |
1149.758 |
|
Profit/(Loss) |
0.837 |
1.299 |
1.736 |
|
|
1.41% |
0.29% |
0.15% |
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 |
Yes |
|
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
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 |
No |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last about four years
|
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last about three years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
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 |
Note: Registered office of the company has been
shifted from “303, Atlantic Enclave, Opposite Maruti Row House, Near Subhash
Chowk, Memnagar Road, Memnagar, Ahmedabad – 380052, Gujarat, India” to the
present address
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Manini Enterprise
|
0.011 |
0.011 |
|
Gujarat Cotton
Corporation |
3.349 |
0.000 |
|
R. P. Traders |
8.242 |
6.704 |
|
Rushin Parikh |
0.000 |
1.082 |
|
Narendrakumar Kantilal
Patel |
0.000 |
0.027 |
|
Shiv Krupa
Tarding |
0.000 |
0.010 |
|
Total |
11.602 |
7.834 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
M00515825 |
100015818 |
The Kalupur Commercial Co-Op. Bank Ltd. |
11/01/2016 |
- |
- |
20000000.0 |
Kalupur Bank Bhavan, Nr. Income Tax Circle, Ashram Road, Ahmedabad – 380014, Gujarat, India |
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 : |
ARCH |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKTS |
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.