|
|
|
MIRA INFORM REPORT
|
Report No. : |
505107 |
|
Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
APPLE
SPONGE AND POWER LIMITED (w.e.f. 21.07.2008) |
|
|
|
|
Formerly Known
As : |
APPLE SPONGE IRON LIMITED
(w.e.f. 01.07.2008) APPLE SPONGE IRON PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 701-A, 7th Floor, GD-ITL Tower, Plot No. B-8, NSP, Pitampura, Delhi-110034 |
|
Tel. No.: |
91-11-65124041 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
28.10.2004 |
|
|
|
|
Com. Reg. No.: |
55-130241 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 122.403 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101DL2004PLC130241 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0506087069 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAFCA1965L1ZE |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA1965L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer,
trader of MS billets, apple gold 500 DTMT bars, sponge iron and importer of
raw material. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
347 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2004 having
moderate track record. Management of the company has not filed its financials with the
government department for the year 2017. As per available financials of 2016, general financial position of the
company seems to be weak. The company has registered huge accumulated losses which has eroded
entire net worth of the company. Payments are slow. In view of aforesaid, the company can be considered for business
dealings on safe and secured 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
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 24.04.2018.
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 (GENERAL DETAILS)
|
Name : |
Mr. Ankush |
|
Designation : |
Manager |
|
Contact No.: |
91-231-6616884 |
|
Date : |
21.04.2018 |
LOCATIONS
|
Registered Office : |
Unit No. 701-A, 7th Floor, GD-ITL Tower, Plot No. B-8, NSP, Pitampura, Delhi-110034, India |
|
Tel. No.: |
91-11-65124041 |
|
Mobile No.: |
91-9225822000 (Mr. Ravinder Kumar Gupta) |
|
Fax No.: |
91-11-41755373 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory : |
C-4, Five Star, MIDC Industrial Area, Kagal, Kolhapur – 416216,
Maharashtra, India |
|
Tel. No.: |
91-231-6616879/ 80 / 84 |
|
Fax No.: |
91-231-6616888 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Narendra Kumar Garg |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
F-22, Model Town II, Delhi-110009, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.11.1953 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.10.2004 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEKPG6296A |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00013348 |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Laxmikant Lath |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
27, Sun Beam, Peddar Road, Mumbai-400026, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.11.1972 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.10.2004 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00064715 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ravinder Kumar Gupta |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
AG-31, Shalimar Bagh, Delhi-110052, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.06.1957 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.10.2004 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00464098 |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjeev Shiv Kumar Agarwal |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Khadakpada, A-3/303, Gagangiri Enclave, Barave Road, Kalyan (West), Thane-421301, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.01.1961 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.01.2016 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06537881 |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Purushottam Dass Saini |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No 510, Old Rto Road Mess Road, Belagal Cross, Sai Thirumala Apartment, Bellary-583104, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.06.1959 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.01.2016 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07195389 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ankush |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
NOTE: LIST OF SHAREHOLDERS FILE ATTACHED
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
16.08 |
|
Promoters - Bodies corporate |
69.30 |
|
Public/Other than promoters - Individual/Hindu Undivided Family – Indian |
1.50 |
|
Public/Other than promoters - Bodies corporate |
13.12 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
trader of MS billets, apple gold 500 DTMT bars, sponge iron and importer of raw
material. [Registered activity and also confirmed by management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Advance Payment, L/C, Credit and RTGS/NEFT |
||||
|
|
|
||||
|
Purchasing : |
Advance Payment, L/C, Credit and RTGS/NEFT |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
End Users and Manufacturer
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
347 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
R Kant Gupta and Associates Chartered Accountants |
|
Address : |
112A, Sundram Market Complex, Plot No. A-17, Block – A, Raj Nagar District Centre, Ghaziabad-201002, Uttar Pradesh, India |
|
PAN No.: |
AAPFR2927J |
|
|
|
|
Auditors : |
|
|
Name : |
MVK Associates Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : (As on 2017) |
M.G Metalloy Private Limited, India CIN No.: U27101DL2010PTC202918 |
|
|
|
|
Holding Company : (As on 31.03.2016) |
M.G Metalloy Private Limited, India CIN No.: U27101DL2010PTC202918 |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with
Key management personnel and their relatives : (As on 31.03.2016) |
CIN No.: U65999DL2003PTC122102
CIN No.:U74120DL2008PLC175180
CIN No.: U51109DL2000PLC103297
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15990260 |
Equity Shares |
INR 10/- each |
INR 159.903 Million |
|
|
|
|
|
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10990260 |
Equity Shares |
INR 10/- each |
INR 109.903 Million |
|
|
Add: Forfeited shares |
|
INR 12.500 Million |
|
|
|
|
INR 122.403 Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
122.403 |
122.403 |
122.403 |
|
(b) Reserves and Surplus |
(591.471) |
(230.980) |
653.795 |
|
(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) |
(469.068) |
(108.577) |
776.198 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1490.770 |
1490.770 |
1284.063 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
9.950 |
|
(c) Other long-term
liabilities |
1.539 |
0.907 |
0.510 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1492.309 |
1491.677 |
1294.523 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
721.637 |
1443.702 |
501.883 |
|
(b) Trade
payables |
258.120 |
279.935 |
276.575 |
|
(c) Other
current liabilities |
9.544 |
9.209 |
3.398 |
|
(d) Short-term
provisions |
6.694 |
8.703 |
6.606 |
|
Total Current
Liabilities (4) |
995.995 |
1741.549 |
788.462 |
|
|
|
|
|
|
TOTAL |
2019.236 |
3124.649 |
2859.183 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1350.427 |
1430.508 |
1504.883 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
1.773 |
43.203 |
0.948 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
9.577 |
11.945 |
49.839 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
21.572 |
|
Total Non-Current Assets |
1361.777 |
1485.656 |
1577.242 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
388.244 |
383.406 |
868.459 |
|
(c) Trade
receivables |
232.221 |
1163.394 |
196.124 |
|
(d) Cash and
bank balances |
15.729 |
32.262 |
25.725 |
|
(e)
Short-term loans and advances |
21.265 |
59.931 |
191.633 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
657.459 |
1638.993 |
1281.941 |
|
|
|
|
|
|
TOTAL |
2019.236 |
3124.649 |
2859.183 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1207.633 |
2466.950 |
1756.379 |
|
|
Other Income |
20.483 |
3.576 |
4.636 |
|
|
TOTAL |
1228.116 |
2470.526 |
1761.015 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1337.015 |
2836.315 |
1575.607 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
42.675 |
100.536 |
(108.300) |
|
|
Employee benefit expense |
42.711 |
34.804 |
25.554 |
|
|
Other expenses |
88.216 |
97.261 |
76.058 |
|
|
TOTAL |
1510.617 |
3068.916 |
1568.919 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
(282.501) |
(598.390) |
192.096 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.502 |
196.343 |
188.033 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(283.003) |
(794.733) |
4.063 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
77.488 |
77.977 |
181.737 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(360.491) |
(872.710) |
(177.674) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
11.884 |
(101.541) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(360.491) |
(884.594) |
(76.133) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(22.54) |
(55.32) |
(4.76) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.510 |
0.552 |
|
Cash generated from operations |
651.700 |
(924.626) |
(285.714) |
|
Net cash flow from (used in) operations |
651.700 |
(924.626) |
(289.650) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
70.19 |
172.13 |
40.76 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
5.20 |
2.12 |
8.96 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
70.47 |
36.02 |
64.07 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.73) |
(1.56) |
0.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.21) |
(0.42) |
0.13 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.23 |
1.03 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(4.72) |
(27.03) |
2.30 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(2.12) |
(16.04) |
1.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(2.88) |
(13.18) |
1.94 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(562.75) |
(3.05) |
1.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
(29.85) |
(35.86) |
(4.33) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(17.85) |
(28.31) |
(2.66) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
76.85 |
814.72 |
(9.81) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.66 |
0.94 |
1.63 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.27 |
0.72 |
0.52 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.23) |
(0.03) |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
18.07 |
23.98 |
14.60 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.66 |
0.94 |
1.63 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
122.403 |
122.403 |
122.403 |
|
Reserves & Surplus |
653.795 |
(230.980) |
(591.471) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
776.198 |
(108.577) |
(469.068) |
|
|
|
|
|
|
Long-term borrowings |
1284.063 |
1490.770 |
1490.770 |
|
Short term borrowings |
501.883 |
1443.702 |
721.637 |
|
Current maturities of
long-term debts |
0.552 |
0.510 |
0.000 |
|
Total
borrowings |
1786.498 |
2934.982 |
2212.407 |
|
Debt/Equity
ratio |
2.302 |
(27.031) |
(4.717) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1756.379 |
2466.950 |
1207.633 |
|
|
|
40.457 |
(51.048) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1756.379 |
2466.950 |
1207.633 |
|
Profit/ (Loss) |
(76.133) |
(884.594) |
(360.491) |
|
|
(4.33%) |
(35.86%) |
(29.85%) |
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 |
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) |
No |
|
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 |
No |
|
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 |
No |
|
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 |
BRIEF DESCRIPTION OF THE
COMPANY’S WORKING DURING THE YEAR/STATE OF COMPANY’S AFFAIR:
The company has received total revenue of INR 1228.116 Million in the current year as compared to INR 2470.526 Million in the previous year. However, the company has incurred the loss of INR 360.491 Million in the current year as compared to loss incurred of INR 884.594 Million in the previous year.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
65.024 |
47.298 |
|
Loans and advances from related parties |
13.927 |
0.000 |
|
Other loans and advances |
359.523 |
212.665 |
|
Total |
438.474 |
259.963 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C38433413 |
10539277 |
SINCERELY FINANCE & INVESTMENT PRIVATE LIMITED |
12/11/2014 |
- |
- |
850000000.0 |
9-H, 9th Floor 15, Hansalaya Building, Barakhamba Road, New Delhi-110001, India |
|
2 |
B95027843 |
10474442 |
PUNJAB NATIONAL BANK |
30/12/2013 |
- |
- |
1176400000.0 |
ECE House, Connaught Palce, Delhi-110001, India |
|
3 |
B72650708 |
10417937 |
PUNJAB NATIONAL BANK |
26/03/2013 |
- |
- |
50000000.0 |
ECE House, Connaught Palce, Delhi-110001, India |
|
4 |
A81890121 |
10209664 |
PNB CONSORTIUM COMPRISING OF PUNJAB NATIONAL BANK AND BANK OF BARODA |
03/03/2010 |
- |
- |
950000000.0 |
ECE House, K.G. Marg, New Delhi-110001, India |
|
5 |
A72196447 |
10182468 |
PUNJAB NATIONAL BANK |
16/10/2009 |
- |
- |
650000.0 |
ECE House, Connaught Palce, Delhi-110001, India |
|
6 |
B56123847 |
10163740 |
Punjab National Bank |
16/06/2009 |
06/08/2012 |
- |
842400000.0 |
ECE House, K.G. Marg, New Delhi-110001, India |
|
7 |
B80284052 |
10336107 |
Bank of Baroda |
02/01/2012 |
- |
23/07/2013 |
150000000.0 |
Parliament Street, New Delhi-110001, India |
|
8 |
B18352336 |
10011090 |
BANK OF BARODA |
06/06/2006 |
14/12/2007 |
21/07/2011 |
147500000.0 |
Parliament Street, New Delhi-110001, India |
|
9 |
B16758831 |
10122945 |
PUNJAB NATIONAL BANK |
01/09/2008 |
- |
20/07/2011 |
58322000.0 |
ECE House, K.G. Marg, New Delhi-110001, India |
|
10 |
B16755878 |
10081404 |
PUNJAB NATIONAL BANK |
14/12/2007 |
- |
20/07/2011 |
85000000.0 |
ECE House, K.G. Marg, New Delhi-110001, India |
FIXED ASSETS:
- Land
- Building
- Plant and equipment
- 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 66.22 |
|
|
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BHG |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.