|
|
|
MIRA INFORM REPORT
|
Report No. : |
504644 |
|
Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SPACE WOOD FURNISHERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
T-48, M.I.D.C., Hingna, Nagpur – 440016, Maharashtra |
|
Tel. No.: |
91-7104-235968 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
18.06.1996 |
|
|
|
|
Com. Reg. No.: |
11-100296 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 42.384
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36100MH1996PTC100296 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCS4955R1ZJ |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0396023991 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS4955R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
· Manufacturer Exporter and Dealer of all kinds of Furniture’s, Office Systems and Furnishings. [Confirmed by management] · Manufacturer and Trader of Furniture Items. [Registered Activity] |
|
|
|
|
No. of Employees
: |
350 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1996 having
satisfactory track record. It is a Manufacturer and Trader of Furniture
Items. For the financial year ended 2017, the company has witnessed a growth
in its revenue but reported sharp decline in its profit. However, the company possesses sound financial profile marked by
healthy networth base along with low debt level and favourable gap between
trade payables to its trade receivables. The company also derives strength from its long established track
record of business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitment. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
February 13, 2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
February 13, 2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 20.04.2018
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. Dinesh |
|
Designation : |
Finance Department |
|
Contact No.: |
91-9822369024 |
|
Date : |
19.04.2018 |
LOCATIONS
|
Registered Office/
Factory : |
T-48, M.I.D.C., Hingna, Nagpur – 440016, Maharashtra, India |
|
Tel. No.: |
91-7104-235968/ 236737 |
|
Mobile No.: |
91-9822369024 (Mr. Dinesh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Branch Offices : |
Located At · Chennai · Pune · Delhi · Mumbai · Bangalore · Hyderabad · Indore |
|
|
|
|
Showrooms : |
Located at · Nagpur · Hyderabad · New Delhi · Gurgaon · Chennai · Kolkata |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vivek Moreshwar Deshpande |
|
Designation : |
Director |
|
Address : |
"Madhav", 67 A, Shivaji Nagar, Nagpur – 440010, Maharashtra,
India |
|
Date of Birth/Age : |
14.11.1970 |
|
Qualification : |
BE (Mech.) |
|
Date of Appointment : |
18.06.1996 |
|
DIN No.: |
00023147 |
|
PAN No.: |
AARPD4769N |
|
Voter ID No.: |
UOA1372242 |
|
|
|
|
Name : |
Mrs. Kirit Sharad Joshi |
|
Designation : |
Director |
|
Address : |
23, Trayambakeshwar, Near Dr. Choudahary's House, New Verma Lay Out,
Nagpur – 440033, Maharashtra, India |
|
Date of Birth/Age : |
20.10.1970 |
|
Qualification : |
BE (Mech.) |
|
Date of Appointment : |
09.07.1996 |
|
DIN No.: |
00204902 |
|
PAN No.: |
AAOPJ9006D |
|
Voter ID No.: |
MT/23/137/0381102 |
|
|
|
|
Name : |
Mr. Nitin Sharadchandra Sudame |
|
Designation : |
Director |
|
Address : |
Prasad, 105, Swawalambi Nagar, Nagpur – 440010, Maharashtra, India |
|
Date of Birth/Age : |
23.05.1965 |
|
Qualification : |
B.E. Mech. |
|
Date of Appointment : |
26.10.2015 |
|
DIN No.: |
03291500 |
|
PAN No.: |
AEWPS1694E |
|
Voter ID No.: |
YKB0330752 |
|
|
|
|
Name : |
Mr. Yoichi Kusumoto |
|
Designation : |
Director |
|
Address : |
3rd Floor, B-37, Sushant LOK II, Gurugram – 122001,
Haryana, India |
|
Date of Birth/Age : |
26.07.1976 |
|
Date of Appointment : |
02.11.2015 |
|
DIN No.: |
07212990 |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Vivek M. Deshpande |
1389938 |
32.79 |
|
Kirit S. Joshi |
1298138 |
30.63 |
|
Sharad T. Joshi |
82783 |
1.95 |
|
Vidya S. Joshi |
119532 |
2.82 |
|
Usha M. Deshpande |
27412 |
0.65 |
|
Ratna K. Joshi |
39205 |
0.92 |
|
Varsha V. Deshpande |
122308 |
2.89 |
|
Bennet Coleman and Co. Limited, India |
23404 |
0.55 |
|
Sumitomo Forestry (Singapore) Limited, Singapore |
1135672 |
26.79 |
|
|
|
|
|
Total |
4238392 |
100.00 |
AS ON 16.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
72.65 |
|
Public/Other than promoters - Body Corporate |
27.35 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer Exporter and Dealer of all kinds of Furniture’s, Office Systems and Furnishings. [Confirmed by management] · Manufacturer and Trader of Furniture Items. [Registered Activity] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
UAE ·
Nepal |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
China ·
Taiwan ·
Malaysia ·
European Countries |
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Terms : |
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Selling : |
Cash, Advance Payment, L/C, Cheque, Credit and RTGS |
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Purchasing : |
Cash, Advance Payment, L/C, Cheque, Credit and RTGS |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
350 (Approximately) |
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Bankers : |
· Union Bank of India · State Bank of India · Kotak Mahindra Bank Limited · ICICI Bank Limited · HDFC Bank Limited · Corporation Bank |
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Facilities : |
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Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
252, Sawarkar Marg, Shivaji Park, Dadar (West), Mumbai – 400028, Maharashtra, India |
|
PAN No.: |
AAFFP3698A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Companies : |
· Modern Living Solutions Private Limited [U20299MH2011PTC223350] · Intersol Trading Limited (formerly known as Spacewood Hong Kong Limited) (upto May 30, 2015) |
|
|
|
|
Associate Company : |
· Platinum Business India Private Limited [U51393MH2007PTC172507] · Spacewood Office Solutions Private Limited [U36100MH2008PTC178053] · Sumitomo Crest Company Limited · Sumitomo Forestry (Singapore) Limited · Sumitomo Forestry Company Limited |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4238392 |
Equity Shares |
INR 10/- each |
INR 42.384
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 |
42.384 |
42.384 |
33.066 |
|
(b) Reserves & Surplus |
1172.448 |
1154.584 |
280.026 |
|
(c) Money received against share warrants |
15.017 |
15.017 |
15.017 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1229.849 |
1211.985 |
328.109 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
2.764 |
6.302 |
15.647 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
8.964 |
|
(c)
Other long term liabilities |
38.111 |
16.977 |
23.968 |
|
(d)
long-term provisions |
20.018 |
14.537 |
9.038 |
|
Total
Non-current Liabilities (3) |
60.893 |
37.816 |
57.617 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
356.186 |
376.434 |
367.243 |
|
(b)
Trade payables |
359.539 |
306.518 |
314.764 |
|
(c)
Other current liabilities |
132.460 |
125.332 |
283.416 |
|
(d)
Short-term provisions |
9.485 |
94.505 |
18.199 |
|
Total
Current Liabilities (4) |
857.670 |
902.789 |
983.622 |
|
|
|
|
|
|
TOTAL |
2148.412 |
2152.590 |
1369.348 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
505.281 |
311.255 |
279.906 |
|
(ii)
Intangible Assets |
3.453 |
4.298 |
2.389 |
|
(iii)
Capital work-in-progress |
187.671 |
41.341 |
3.225 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
5.100 |
55.394 |
0.607 |
|
(c) Deferred tax assets
(net) |
13.108 |
10.738 |
0.000 |
|
(d) Long-term Loan
and Advances |
74.388 |
116.103 |
51.906 |
|
(e)
Other Non-current assets |
12.900 |
32.575 |
29.775 |
|
Total
Non-Current Assets |
801.901 |
571.704 |
367.808 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
130.638 |
478.711 |
1.000 |
|
(b)
Inventories |
436.330 |
401.592 |
302.326 |
|
(c)
Trade receivables |
672.696 |
669.092 |
658.932 |
|
(d)
Cash and cash equivalents |
52.724 |
10.603 |
4.992 |
|
(e)
Short-term loans and advances |
54.123 |
18.381 |
31.792 |
|
(f)
Other current assets |
0.000 |
2.507 |
2.498 |
|
Total
Current Assets |
1346.511 |
1580.886 |
1001.540 |
|
|
|
|
|
|
TOTAL |
2148.412 |
2152.590 |
1369.348 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1835.128 |
1722.496 |
1666.279 |
|
|
|
Other Income |
54.255 |
30.027 |
28.128 |
|
|
|
TOTAL (A) |
1889.383 |
1752.523 |
1694.407 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1031.299 |
1029.847 |
989.524 |
|
|
|
Purchases of Stock-in-Trade |
71.762 |
44.299 |
21.052 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(12.676) |
(49.908) |
(38.629) |
|
|
|
Employees benefits expense |
229.659 |
198.709 |
160.386 |
|
|
|
Other expenses |
473.700 |
434.492 |
417.862 |
|
|
|
Exceptional Tax |
0.000 |
(232.388) |
(15.998) |
|
|
|
TOTAL (B) |
1793.744 |
1425.051 |
1534.197 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
95.639 |
327.472 |
160.210 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
48.867 |
61.423 |
72.622 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
46.772 |
266.049 |
87.588 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
26.573 |
22.497 |
25.038 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
20.199 |
243.552 |
62.550 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.335 |
80.277 |
28.584 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
17.864 |
163.275 |
33.966 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
19.508 |
8.133 |
57.023 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
|
|
|
|
|
|
Basic
|
4.21 |
3.06 |
6.50 |
|
|
|
Diluted
|
4.09 |
2.96 |
6.24 |
|
|
PARTICULARS |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
2000.000 |
|
|
|
|
[Due to Business
Growth] |
The above information has been parted by Mr. Dinesh [Finance Department]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
3.542 |
9.344 |
214.285 |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
66.011 |
225.402 |
71.460 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(6.605) |
177.689 |
44.370 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
133.80 |
141.78 |
144.34 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.73 |
2.57 |
2.53 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
118.97 |
104.16 |
113.69 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.22 |
0.82 |
0.53 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.14 |
0.92 |
0.56 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.40 |
0.43 |
0.89 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.29 |
0.32 |
1.82 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.70 |
0.74 |
3.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.57 |
0.29 |
0.87 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.96 |
5.33 |
2.21 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.97 |
9.48 |
2.04 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.83 |
7.59 |
2.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.45 |
13.47 |
10.35 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.57 |
1.75 |
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.06 |
1.31 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.57 |
0.56 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
8.55 |
9.25 |
18.06 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.57 |
1.75 |
1.02 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
33.066 |
42.384 |
42.384 |
|
Reserves & Surplus |
280.026 |
1154.584 |
1172.448 |
|
Money received against share warrants |
15.017 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
328.109 |
1196.968 |
1214.832 |
|
|
|
|
|
|
long-term borrowings |
15.647 |
6.302 |
2.764 |
|
Short term borrowings |
367.243 |
376.434 |
356.186 |
|
Current Maturities of Long term debt |
214.285 |
9.344 |
3.542 |
|
Total
borrowings |
597.175 |
392.080 |
362.492 |
|
Debt/Equity ratio |
1.820 |
0.328 |
0.298 |
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 |
1666.279 |
1722.496 |
1835.128 |
|
|
|
3.374 |
6.539 |
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 |
1666.279 |
1722.496 |
1835.128 |
|
Profit |
33.966 |
163.275 |
17.864 |
|
|
2.04% |
9.48% |
0.97% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C22099949 |
10516512 |
KOTAK MAHINDRA BANK LIMITED |
30/07/2014 |
11/09/2014 |
- |
249000000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMH400051IN |
|
2 |
A76190495 |
10193819 |
UNION BANK OF INDIA |
13/11/2009 |
- |
- |
10000000.0 |
DHANTOLINAGPURMH440012IN |
|
3 |
G82509589 |
10123805 |
UNION BANK OF INDIA |
18/09/2008 |
01/01/2018 |
- |
398600000.0 |
SHRIMAN COMMERCIAL COMPLEX,DHANTOLI,NAGPURMH440012IN |
|
4 |
C24953168 |
10317093 |
CORPORATION BANK |
18/03/2011 |
13/03/2014 |
11/09/2014 |
93500000.0 |
44 S.V.P MARG,KINGSWAY,NAGPURMH440001IN |
|
5 |
A86485521 |
80006117 |
SBI FACTORS AND COMMERCIALS SERVICES PRIVATE LIMITED. |
02/01/2006 |
28/08/2008 |
11/05/2010 |
112500000.0 |
TARA CHAMBBERS,2ND FLOOR,WAKDEWADIMUMBI PUNE HIGHWAY, NEAR MARIAAI MANDIRPUNEMH411003IN |
|
6 |
A86484763 |
10123703 |
SBI FACTORS AND COMMERCIALS SERVICES PRIVATE LIMITED. |
26/08/2008 |
07/10/2008 |
11/05/2010 |
10000000.0 |
TARA CHAMBERS,2ND FLOOR PUNE MUMBAI HIGHWAYNEAR MARIAAI MANDIR, WAKDEWADIPUNEMH411003IN |
|
7 |
A42930362 |
90158834 |
STATE BANK OF INDIA |
23/10/1997 |
07/02/2002 |
06/08/2008 |
5000000.0 |
HINGNA INDUSTRIAL ESTATENAGPURMH440016IN |
|
8 |
A42930511 |
90158831 |
STATE BANK OF INDIA |
17/10/1997 |
04/05/2007 |
06/08/2008 |
201500000.0 |
HINGNA INDUSTRICAL ESTATE BRANCH, PLOT NO. X-43MIDC AREA, HINGNA ROADNAGPURMH440016IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deferred payment liabilities |
2.569 |
5.939 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
22.155 |
24.955 |
|
|
|
|
|
Total |
24.724 |
30.894 |
FIXED ASSETS:
·
Land
·
Buildings
·
Factory building
·
Plant and equipment
·
Other plant and equipment
·
Vehicles
·
Furniture and fixtures
·
Motor vehicles
·
Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.78 |
|
UK Pound |
1 |
INR 93.42 |
|
Euro |
1 |
INR 81.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
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.