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MIRA INFORM REPORT
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Report No. : |
504524 |
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Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
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Name : |
MAHAVIR TRANSMISSION LIMITED (w.e.f. 27.01.2015) |
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Formerly Known
As : |
MAHAVIR TRANSMISSION PRIVATE LIMITED (w.e.f. 21.01.2015) MAHAVIR TRANSMISSION UDYOG PRIVATE LIMITED (w.e.f
20.05.2003) FARZ TIME TRADING PRIVATE LIMITED (w.e.f. 06.02.1998) CLASS TIME TRADING PRIVATE LIMITED |
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Registered
Office : |
4510 - 12, 7/33, Ansari Road, Darya Ganj, New Delhi –
110002 |
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Tel. No.: |
91-120-4985706 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
19.12.1995 |
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Com. Reg. No.: |
55-074746 |
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Capital
Investment / Paid-up Capital : |
INR 35.755 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1995PLC074746 |
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IEC No.: |
0507043162 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACF2079H |
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GSTN : [Goods & Service Tax
Registration No.] |
07AAACF2079H1ZQ |
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TIN No.: |
07097138017 |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of trading and manufacturing of wire and conductors such as all aluminium alloy conductors, all aluminium conductors, aluminium conductors steel-reinforced, aliminium conductors steel- reinforced, aerial bunched cables, aluminum rods, aluminum alloy rods, aluminum de-oxy flipped coil, dpc wires and strips [Registered activity and also confirmed by management] |
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No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1995 having
moderate track record. For the financial year ended 2017, revenue of the company has declined
and has reported low profit margin at 0.52% (approximately). The rating also takes into consideration low reserves level along with
highly fragmented and competitive industry with limited entry barriers. However, the rating weakness is partially offset by company’s long
standing track record of business operations. Trade relations are reported as fair. Business is active. Payments
terms are seems to be slow but correct. The company 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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
SMERA |
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Rating |
Long Term Rating = B+ |
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Rating Explanation |
High risk of default. |
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Date |
06.03.2018 |
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Rating Agency Name |
SMERA |
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Rating |
Short Term Rating = A4 |
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Rating Explanation |
Minimal degree of safety and very high credit risk. |
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Date |
06.03.2018 |
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. Raman Sharma |
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Designation : |
Accounts Department |
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Contact No.: |
91-120-4985706 |
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Date : |
20.04.2018 |
LOCATIONS
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Registered Office : |
4510 - 12, 7/33, Ansari Road, Darya Ganj, New Delhi –
110002, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9540005293 (Mr. Akshat Jain) 91-9899388308 (Mr. Abhinav Jain) |
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Fax No.: |
91-11-23279424 |
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E-Mail : |
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Website : |
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Location: |
Owned |
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Locality: |
Commercial |
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Corporate Office : |
C-58, Sector-4, Noida – 201301, Uttar Pradesh, India |
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Tel No.: |
91-120-4985706 |
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Factory 1: |
A-9, B-4, 11-13, S Industrial Estate, Vikas Nagar, Dehradun – 248198,
Uttarakhand, India |
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Location: |
Owned |
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Locality: |
Industrial |
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Factory 2: |
C-80, Industrial Area, Sikandrabad, District: Bulandshahr, Uttar Pradesh, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Shabnam Jain |
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Designation : |
Director |
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Address : |
7/33, Ansari Road, Darya Ganj, New Delhi - 110002, India |
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Date of Birth/Age : |
01.04.1963 |
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Date of Appointment : |
14.07.2002 |
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Qualification: |
Graduate |
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PAN No.: |
AAGPJ8390Q |
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DIN No.: |
00288110 |
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Other Directorship:
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Name : |
Mr. Rakesh Jain |
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Designation : |
Director |
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Address : |
7/33, Ansari Road, Darya Ganj, New Delhi - 110002, India |
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Date of Birth/Age : |
27.06.1962 |
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Qualification: |
Graduate |
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Date of Appointment : |
27.01.2004 |
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PAN No.: |
AAGPJ8389K |
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DIN No.: |
00288206 |
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Other Directorship:
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Name : |
Mr. Anil Chandra Jain |
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Designation : |
Director |
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Address : |
A-9, Preet Vihar, New Delhi – 110092, India |
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Date of Birth/Age : |
22.10.1951 |
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Qualification: |
Graduate |
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Date of Appointment : |
25.10.2013 |
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PAN No.: |
AAAPJ0495J |
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DIN No.: |
01223867 |
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Name : |
Mr. Akshat Jain |
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Designation : |
Director |
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ADDRESS : |
7/33, Ansari Road, Darya Ganj, New Delhi – 110002, India |
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Date of Birth/Age : |
23.03.1988 |
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Qualification: |
Graduate |
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Date of Appointment : |
30.09.2010 |
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PAN No.: |
AGZPJ4765C |
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DIN No.: |
03113630 |
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Other Directorship:
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Name : |
Mr. Abhinav Jain |
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Designation : |
Director |
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Address : |
7/33, Ansari Road, Darya Ganj, New Delhi – 110002, India |
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Date of Appointment : |
02.01.2017 |
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DIN No.: |
03113618 |
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Name : |
Savitri Jain |
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Designation : |
Director |
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Address : |
7/33, Ansari Road, Darya Ganj, New Delhi – 110002, India |
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Date of Appointment : |
29.09.2017 |
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DIN No.: |
07896423 |
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KEY EXECUTIVES
|
Name : |
Mr. Raman Sharma |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rakesh Jain HUF (Through Its Karta Rakesh Jain) |
|
1017500 |
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Shabnam Jain |
|
2195990 |
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Rakesh Jain |
|
134010 |
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Akshat Jain |
|
68000 |
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Anil Chandra Jain |
|
20000 |
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Abhinav Jain |
|
90000 |
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Savitri Jain |
|
40000 |
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Mayank Jain |
|
10000 |
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Total |
|
3575500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of trading and manufacturing of wire and conductors such as all aluminium alloy conductors, all aluminium conductors, aluminium conductors steel-reinforced, aliminium conductors steel- reinforced, aerial bunched cables, aluminum rods, aluminum alloy rods, aluminum de-oxy flipped coil, dpc wires and strips [Registered activity and also 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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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Advance Payment, Credit (30 / 60 Days) |
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Purchasing : |
Advance Payment, Credit (30 / 60 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : (From indirect sources) |
End Users, OEM’s
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No. of Employees : |
400 (Approximately) |
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Bankers : |
·
Standard Chartered Bank, Dehradun,
Uttarakhand, India |
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Facilities : |
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Financial institutions : |
Edelweiss Retail Finance Limited, Edelweiss House, Off. C.S.T Road, Kalian, Mumbai-400098, Maharashtra, India |
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Auditors : |
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|
Name : |
R. Jain and Sanjay Associates Chartered Accountants |
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Address : |
1378/21, First Floor, Naiwala, Karol Bagh, New Delhi – 110005, India |
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PAN No.: |
AAAFR3730L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other related
parties: |
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CAPITAL STRUCTURE
AFTER 29.09.2017
Authorised Capital : INR 47.500 Million
Issued, Subscribed & Paid-up Capital : INR 36.505 Million
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4750000 |
Equity Shares |
INR 10/- each |
INR 47.500 Million |
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|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3575500 |
Equity Shares |
INR 10/- each |
INR 35.755
Million |
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|
|
|
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 |
35.755 |
35.755 |
35.755 |
|
(b) Reserves &
Surplus |
22.449 |
14.719 |
12.805 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
5.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
63.204 |
50.474 |
48.560 |
|
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||
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(3) Non-Current
Liabilities |
|
||
|
(a) long-term borrowings |
89.552 |
47.901 |
16.920 |
|
(b) Deferred tax
liabilities (Net) |
2.967 |
2.916 |
3.263 |
|
(c) Other long term
liabilities |
94.224 |
112.595 |
54.383 |
|
(d) long-term provisions |
2.238 |
1.793 |
1.297 |
|
Total Non-current
Liabilities (3) |
188.981 |
165.205 |
75.863 |
|
|
|
||
|
(4) Current Liabilities |
|
||
|
(a) Short term borrowings |
120.761 |
140.189 |
176.090 |
|
(b) Trade payables |
322.999 |
335.484 |
172.434 |
|
(c) Other current
liabilities |
25.969 |
49.756 |
28.785 |
|
(d) Short-term provisions |
11.077 |
6.120 |
3.095 |
|
Total Current Liabilities
(4) |
480.806 |
531.549 |
380.404 |
|
|
|
||
|
TOTAL |
732.991 |
747.228 |
504.827 |
|
|
|
||
|
II.
ASSETS |
|
||
|
(1) Non-current assets |
|
||
|
(a) Fixed Assets |
|
||
|
(i) Tangible assets |
79.422 |
32.007 |
34.113 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
44.634 |
4.545 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.500 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.430 |
9.273 |
7.552 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
91.352 |
85.914 |
46.210 |
|
|
|
||
|
(2) Current assets |
|
||
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
84.239 |
118.890 |
118.550 |
|
(c) Trade receivables |
496.508 |
502.462 |
249.321 |
|
(d) Cash and cash
equivalents |
29.034 |
2.428 |
59.754 |
|
(e) Short-term loans and
advances |
31.089 |
36.161 |
29.786 |
|
(f) Other current assets |
0.769 |
1.373 |
1.206 |
|
Total Current Assets |
641.639 |
661.314 |
458.617 |
|
|
|
||
|
TOTAL |
732.991 |
747.228 |
504.827 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1482.638 |
1533.151 |
1143.688 |
|
|
Other Income |
6.601 |
14.419 |
1.964 |
|
|
TOTAL |
1489.239 |
1547.570 |
1145.652 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
406.796 |
512.634 |
809.490 |
|
|
Purchases of
Stock-in-Trade |
976.748 |
918.905 |
261.725 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(10.410) |
(5.525) |
(21.686) |
|
|
Employee benefit expense |
39.668 |
38.086 |
22.131 |
|
|
Other expenses |
35.022 |
46.337 |
40.632 |
|
|
Prior period items before tax |
0.000 |
0.000 |
0.065 |
|
|
TOTAL |
1447.824 |
1510.463 |
1112.357 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
41.415 |
37.107 |
33.295 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
23.732 |
28.757 |
29.011 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
17.683 |
8.350 |
4.284 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
5.703 |
3.675 |
3.586 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
11.980 |
4.675 |
0.698 |
|
|
|
|
|
|
|
Less |
TAX |
4.250 |
2.761 |
0.635 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
7.730 |
1.914 |
0.063 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
44.602 |
142.731 |
|
|
TOTAL IMPORTS |
NA |
44.602 |
142.731 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
2.16 |
0.54 |
0.02 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
3.827 |
4.787 |
1.713 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(73.848) |
(10.687) |
32.299 |
|
Net cash flow from operating activity |
(75.542) |
(11.281) |
31.779 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
122.23 |
119.62 |
79.57 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.99 |
3.05 |
4.59 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
85.21 |
85.54 |
58.75 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.49 |
0.31 |
0.28 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.52 |
0.48 |
0.86 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.78 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.39 |
3.82 |
4.01 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
7.61 |
10.53 |
7.83 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.26 |
1.52 |
0.80 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.75 |
1.29 |
1.15 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.52 |
0.12 |
0.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.05 |
0.26 |
0.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.23 |
3.79 |
0.13 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.33 |
1.24 |
1.21 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.16 |
1.02 |
0.89 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.09 |
0.07 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.99 |
5.39 |
5.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.33 |
1.24 |
1.21 |
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 |
35.755 |
35.755 |
35.755 |
|
Reserves & Surplus |
12.805 |
14.719 |
22.449 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
5.000 |
|
Net worth |
48.560 |
50.474 |
63.204 |
|
|
|
|
|
|
Long-term borrowings |
16.920 |
47.901 |
89.552 |
|
Short term borrowings |
176.090 |
140.189 |
120.761 |
|
Current maturities of
long-term debts |
1.713 |
4.787 |
3.827 |
|
Total
borrowings |
194.723 |
192.877 |
214.140 |
|
Debt/Equity
ratio |
4.010 |
3.821 |
3.388 |
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 |
1143.688 |
1533.151 |
1482.638 |
|
|
|
34.053 |
(3.295) |
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 |
1143.688 |
1533.151 |
1482.638 |
|
Profit/ (Loss) |
0.063 |
1.914 |
7.730 |
|
|
0.01
% |
0.12
% |
0.52
% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 4512 - A, 7/33, Ansari Road, Darya Ganj, New Delhi – 110002, India to the present address w.e.f. 31.12.2012
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
0.661 |
2.473 |
|
Deposits from directors |
60.000 |
15.000 |
|
Total |
60.661 |
17.473 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G70158050 |
100140337 |
EDELWEISS RETAIL FINANCE LIMITED |
29/08/2017 |
- |
- |
45900000.0 |
EDELWEISS HOUSE, OFF. C.S.T ROAD,KALINA MUMBAI-400098 MAHARASHTRA INDIA |
|
2 |
B44761120 |
80001890 |
ALLAHABAD BANK |
13/04/2005 |
19/07/2012 |
- |
200000000.0 |
NEHRU COLONYDEHRADUNUR248001IN |
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 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RKI |
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.