|
|
|
MIRA INFORM REPORT
|
Report No. : |
503420 |
|
Report Date : |
21.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME STARTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block No. 13-14, Seva Sadan, Central Avenue Road, Nagpur – 440018,
Maharashtra |
|
Tel. No.: |
91-712-2777833 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.03.2001 |
|
|
|
|
Com. Reg. No.: |
11-131422 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 78.199 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH2001PTC131422 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN / CST No.: |
27430004028 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAFCS4523C1ZN |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS4523C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
· Trading in chemicals. [Registered Activity] · Trader and dealer of industrial paint like powder coating paint, epoxy paints, akzonobel paints etc. [Confirmed by management] |
|
|
|
|
No. of Employees
: |
6 (Approximately) (At site visit) |
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 501000 INR 35037200 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
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
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 21.04.2018
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. Devendra Agade |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-7769015566 |
|
Date : |
21.04.2018 |
91-7122777833 - Continuously Ringing
LOCATIONS
|
Registered Office : |
Block No. 13-14, Seva Sadan, Central Avenue Road, Nagpur –
440018, Maharashtra, India |
|
Tel. No.: |
91-712-2777833 / 2722045 |
|
Mobile No.: |
91-7769015566 (Mr. Devendra Agade) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
1500 sq. ft. (As per site visit) |
|
Locality : |
Commercial (As per site visit) |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Murtaza Hamza Kothawala |
|
Designation : |
Director |
|
Address : |
HSE-7A, Sai Sewashram Society, Gandhi Layout, Jafarnaga, Nagpur – 440013, Maharashtra, India |
|
Date of Birth/Age : |
05.07.1973 |
|
Date of Appointment : |
29.03.2001 |
|
DIN No.: |
01634349 |
|
|
|
|
Name : |
Mr. Akabar Hamjabhai Kothawala |
|
Designation : |
Director |
|
Address : |
HSE-7A, Sai Sewashram Society, Gandhi Layout, Jafarnaga, Nagpur – 440013, Maharashtra, India |
|
Date of Birth/Age : |
22.12.1976 |
|
Date of Appointment : |
29.03.2001 |
|
DIN No.: |
01678155 |
|
|
|
|
Name : |
Mr. Hamjabhai Ibrahim Kothawala |
|
Designation : |
Director |
|
Address : |
HSE-7A, Sai Sewashram Society, Gandhi Layout, Jafarnaga, Nagpur – 440013, Maharashtra, India |
|
Date of Appointment : |
29.03.2001 |
|
DIN No.: |
01764565 |
KEY EXECUTIVES
|
Name : |
Mr. Devendra Agade |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Hamza Kothawala |
23868 |
|
Rehana Kothawala |
360 |
|
Rubina Kothawala |
360 |
|
Murtaza Kothawala |
1733436 |
|
Akber Kothawala |
1696176 |
|
Supreme Urban realities Private Limited |
900000 |
|
Fatema Kothawala |
17280 |
|
Tasleem Kagajwala |
104400 |
|
Zoher Kagajwala |
104400 |
|
Bacchi Finance Private Limited |
1800 |
|
Badal Commotrade Private Limited |
2500 |
|
Conship Commodities Private Limited |
1500 |
|
Daisy Abhra Private Limited |
1600 |
|
Mehendipure Tradelink Private Limited |
1500 |
|
Mubarak Lubricants Private Limited |
5200 |
|
Nandan Kanan Barter Private Limited |
2500 |
|
Puniya Leather Private Limited |
3400 |
|
Shri Laxmi Merchantile Private Limited |
1800 |
|
Tramel Trading Private Limited |
56400 |
|
Vanraj Merchants Private Limited |
6100 |
|
Vignahar Marketing Private Limited |
54000 |
|
Ziwani Barter Private Limited |
59200 |
|
Chichinga Fatika Cold Storage Private Limited |
3042135 |
|
|
|
|
Total |
7819915 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
58.57 |
|
Promoters [Bodies
corporate] |
38.90 |
|
Public/Other than promoters [Body corporate] |
2.53 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Trading in chemicals. [Registered Activity] · Trader and dealer of industrial paint like powder coating paint, epoxy paints, akzonobel paints etc. [Confirmed by management] |
||||
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Products / Services
: |
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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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||||
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Imports : |
Not Divulged |
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||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
6 (Approximately) (At site visit) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Kanade Milind Sharadchandra Chartered Accountants |
|
Address : |
Vivekanand Nagar, Nagpur, Maharashtra, India |
|
PAN No.: |
ADGPK6885N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
· Chichingafatika Cold Storage Private Limited [U63022WB1997PTC085159] · Supreme Bituchem India Private Limited [U74999MH2007PTC170757] |
|
|
|
|
Direct Subsidiaries
: |
· Pcura Consulting Private Limited [U72900MH2011PTC220965] · Supreme Industrial Products Private Limited · Supreme Urban Realities Private Limited · Supreme Global Healthcare Private Limited · Vandeep Trading Private Limited · Axis Commosales Private Limited ·
Laxmi Construction Company in JV. |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7819915 |
Equity Shares |
INR 10/- each |
INR 78.199 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 |
78.199 |
78.199 |
78.199 |
|
(b) Reserves & Surplus |
96.987 |
87.986 |
82.463 |
|
(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) |
175.186 |
166.185 |
160.662 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
19.493 |
16.709 |
16.434 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.622 |
|
(c) Other long term
liabilities |
3.334 |
5.691 |
3.305 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
22.827 |
22.400 |
20.361 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
10.708 |
32.340 |
54.841 |
|
(b) Trade
payables |
120.299 |
73.528 |
33.797 |
|
(c) Other
current liabilities |
3.429 |
3.075 |
0.771 |
|
(d) Short-term
provisions |
0.657 |
3.302 |
3.726 |
|
Total Current
Liabilities (4) |
135.093 |
112.245 |
93.135 |
|
|
|
|
|
|
TOTAL |
333.106 |
300.830 |
274.158 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
33.261 |
36.973 |
40.393 |
|
(ii)
Intangible Assets |
0.025 |
0.025 |
0.032 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
20.378 |
7.828 |
7.728 |
|
(c) Deferred tax assets (net) |
0.697 |
0.101 |
0.000 |
|
(d)
Long-term Loan and Advances |
78.269 |
76.605 |
18.060 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
132.630 |
121.532 |
66.213 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
40.781 |
41.991 |
32.833 |
|
(c) Trade
receivables |
145.900 |
120.413 |
125.255 |
|
(d) Cash
and cash equivalents |
5.576 |
7.457 |
22.168 |
|
(e)
Short-term loans and advances |
3.377 |
7.095 |
26.848 |
|
(f) Other
current assets |
4.843 |
2.342 |
0.841 |
|
Total
Current Assets |
200.477 |
179.298 |
207.945 |
|
|
|
|
|
|
TOTAL |
333.107 |
300.830 |
274.158 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
372.334 |
323.401 |
395.911 |
|
|
Other Income |
10.940 |
9.213 |
9.022 |
|
|
TOTAL |
383.274 |
332.614 |
404.933 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
339.057 |
295.914 |
294.127 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.210 |
(9.158) |
17.502 |
|
|
Employee benefit expense |
7.375 |
7.706 |
8.138 |
|
|
Other expenses |
16.415 |
21.206 |
63.136 |
|
|
TOTAL |
364.057 |
315.668 |
382.903 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
19.217 |
16.946 |
22.030 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.932 |
3.607 |
4.333 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
16.285 |
13.339 |
17.697 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.402 |
5.488 |
6.657 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
11.883 |
7.851 |
11.040 |
|
|
|
|
|
|
|
Less |
TAX |
2.883 |
2.327 |
4.533 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
9.000 |
5.524 |
6.507 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.15 |
0.71 |
0.83 |
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 |
11.883 |
7.851 |
11.040 |
|
Net cash flows from (used in) operating activities |
11.883 |
7.851 |
11.040 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
143.03 |
135.90 |
115.48 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.55 |
2.69 |
3.16 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
129.50 |
90.69 |
41.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.47 |
0.40 |
0.67 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.58 |
0.46 |
0.54 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.46 |
0.43 |
0.40 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.17 |
0.30 |
0.44 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.77 |
0.68 |
0.58 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.19 |
0.22 |
0.25 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.55 |
4.70 |
5.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
2.42 |
1.71 |
1.64 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.70 |
1.84 |
2.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.14 |
3.32 |
4.05 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.48 |
1.60 |
2.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.18 |
1.22 |
1.88 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.53 |
0.55 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.39 |
0.63 |
0.91 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.48 |
1.60 |
2.23 |
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 |
78.199 |
78.199 |
78.199 |
|
Reserves & Surplus |
82.463 |
87.986 |
96.987 |
|
Net worth |
160.662 |
166.185 |
175.186 |
|
|
|
|
|
|
Long-term borrowings |
16.434 |
16.709 |
19.493 |
|
Short term borrowings |
54.841 |
32.340 |
10.708 |
|
Total
borrowings |
71.275 |
49.049 |
30.201 |
|
Debt/Equity
ratio |
0.444 |
0.295 |
0.172 |
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 |
395.911 |
323.401 |
372.334 |
|
|
|
(18.315) |
15.131 |
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 |
395.911 |
323.401 |
372.334 |
|
Profit/ (Loss) |
6.507 |
5.524 |
9.001 |
|
|
1.64% |
1.71% |
2.42% |
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 |
Yes |
|
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 (At site visit) |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
|
OBSERVATION POINTS |
|
Name of Company : |
SUPREME STARTECH PRIVATE LIMITED |
|
|
|
|
Address : |
Block No. 13-14, Seva Sadan, Central Avenue Road, Nagpur –
440018, Maharashtra, India |
|
|
|
|
Mobile No.: |
91-7769015566 |
|
|
|
|
Person to whom we met: |
Mr. Akabar Designation:
Director |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Seva Sadan Chowk |
|
|
|
|
Total Floors of the building: |
Ground + 4 Floor |
|
|
|
|
Subject situated on: |
Ground Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of premises : |
1500 sq. ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of employees seen at premises: |
6 |
|
|
|
|
Visibility of Items : |
·
Telephone ·
Fax Machine ·
Telex ·
Computers ·
Air Conditioners ·
Office Equipment ·
Xerox Machine |
|
|
|
|
Furniture Items
sighted : |
Yes |
|
|
|
|
Neighbour’s
Interview : |
Name of the
company: Noor Baths Name of the
company: Kisan Pipe Traders |
|
Neighbour’s
Overview: |
Existence confirmed |
|
|
|
|
Proof of visit: |
Photograph |
RESULTS OF OPERATIONS AND STATE OF AFFAIRS:
The Standalone total revenue is INR 383.274 million in the financial year ended on 31.03.2017. The Net Profit after tax before appropriations for the year is INR 9.000 million.
Directors are hopeful for the better results of the company workings in the current year.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
14.160 |
5.431 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
10.010 |
13.985 |
|
|
|
|
|
Total |
24.170 |
19.416 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G75455907 |
100152380 |
ICICI BANK LIMITED |
10/08/2017 |
- |
- |
1996000.0 |
ICICI Bank Tower, Near Chakli Circle,Old
Padra RoadVadodaraGu390007IN |
|
2 |
B82343443 |
10453235 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
01/06/2013 |
- |
- |
9950000.0 |
WARDEN HOUSE 2ND FLOORSIR P M
ROADFORTMUMBAIMH400001IN |
|
3 |
B24652752 |
10315930 |
TATA CAPITAL HOUSING FINANCE LIMITED |
05/11/2011 |
- |
- |
6075000.0 |
ONE FORBESDR V B GANDHI MARG,
FORTMUMBAIMH400001IN |
|
4 |
C81143877 |
10311338 |
VIJAYA BANK |
02/09/2011 |
27/01/2016 |
- |
30000000.0 |
C. A ROAD, AGRASEN
CHOUK,GANDHIBAGNAGPURMH440002IN |
|
5 |
B05151840 |
10265942 |
HDFC BANK LIMITED |
24/01/2011 |
- |
- |
30000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER
PAREL WMUMBAIMH400013IN |
|
6 |
A47363015 |
10125067 |
VIJAYA BANK |
18/09/2008 |
- |
- |
435000.0 |
NAGPUR MAIN BRANCH93-94, CENTRAL AVENUE
ROAD, GANDHI BAGH,NAGPURMH400018IN |
|
7 |
A27582741 |
10077302 |
VIJAYA BANK |
10/11/2007 |
- |
- |
2500000.0 |
NAGPUR MAIN BRANCH93-94, CENTRAL AVENUE
ROAD, GANDHI BAGH,NAGPURMH400018IN |
|
8 |
C80283252 |
10459772 |
BANK OF INDIA |
19/10/2013 |
- |
15/02/2016 |
39000000.0 |
GROUND FLOOR, BANK OF INDIA BUILDINGS V
PATEL ROADNAGPURMH440001IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 65.68 |
|
|
1 |
INR 93.98 |
|
Euro |
1 |
INR 81.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHK |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKT |
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.