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|
MIRA INFORM REPORT
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Report No. : |
504521 |
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Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
KATALINE INFRA-PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
Plot No 23, Nelco Housing Society, Jaitala Road, Nagpur – 440022,
Maharashtra |
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Tel. No.: |
91-712-2233000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
19.06.2008 |
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Com. Reg. No.: |
11-183728 |
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Capital Investment
/ Paid-up Capital : |
INR 9.450
Million |
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CIN No.: [Company Identification
No.] |
U24222MH2008PTC183728 |
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IEC No.: [Import-Export Code No.] |
0308032861 |
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TIN No.: |
Not Divulged |
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GSTN : [Goods & Service Tax Registration
No.] |
27AADCK4083D1ZO |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCK4083D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Manufacturer and Trader of Road Making paint including Making Material like Inks, Coatings, Laser Making Materials, Tapes and Spray Painting Equipment’s, etc. [Confirmed by Management] · Subject is engaged in the business of Manufacturing of Road Marking Paints and Trading of Supplementary Consumables. [Registered Activity] |
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No. of Employees
: |
50 [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 |
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Maximum Credit Limit : |
USD 248000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2008 having moderate track record. It is a manufacturer of road marking paints and trader of supplementary consumables. As per available financials of 2017, the company reported a dip in its revenue as compared to its previous year but has maintained average profitability margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operation backed by its well-experienced management team. However rating weakness is partially offset by the working capital intensive nature of business operations and high competition from other local players. Trade relations are reported to be fair. Business is active. Payments seems to be slow but correct. In view of aforesaid, 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.
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 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
BRICKSWORKS |
|
Rating |
Fund based (Issuer not-cooperating) = BB- |
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Rating Explanation |
Moderate risk of default |
|
Date |
08.03.2018 |
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Rating Agency Name |
BRICKSWORKS |
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Rating |
Non-Fund based (Issuer not-cooperating) = A4 |
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Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
08.03.2018 |
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
31-03-2016.
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 25.04.2018.
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. Sandeep Mule |
|
Designation : |
Senior Accounts and Finance Manager |
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Contact No.: |
91-712-2233968 |
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Date : |
17.04.2018 |
LOCATIONS
|
Registered /
Corporate Office : |
Plot No 23, Nelco Housing Society, Jaitala Road, Nagpur – 440022,
Maharashtra, India |
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Tel. No.: |
91-712-2233000/ 2233968/ 2567317 |
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Mobile No.: |
91-9823034619 (Mr. Amit) |
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Fax No.: |
91-712-2567349 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Residential |
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Branch Offices : |
Located at: · Ahmedabad · Vadodara · Hyderabad · Jaipur · Pune · Chennai · Asansol · Patna · Lucknow |
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Factory : |
Survey No.25/2 (A), Amaravati Road, Mouza, Shirpur Village, Dhamna, Nagpur - 440023, Maharashtra, India |
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Location : |
Owned |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Amit Arvind Thatte |
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Designation : |
Director |
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Address : |
Plot No.23, Nelco Housing Society, Subhash Nagar, Jaitala Road, Nagpur – 440022, Maharashtra, India |
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Date of Birth/Age : |
09.05.1975 |
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Date of Appointment : |
19.06.2008 |
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DIN No.: |
01525877 |
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Other Directorship
:
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Name : |
Mrs. Ketki Amit Thatte |
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Designation : |
Director |
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Address : |
Plot No.23, Nelco Housing Society, Subhash Nagar, Jaitala Road, Nagpur – 440022, Maharashtra, India |
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Date of Birth/Age : |
22.12.1975 |
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Date of Appointment : |
19.06.2008 |
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DIN No.: |
01525878 |
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Other Directorship
:
|
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KEY EXECUTIVES
|
Name : |
Mr. Sandeep Mule |
|
Designation : |
Senior Accounts and Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
% age holding |
|
Amit Arvind Tharre |
82000 |
86.77 |
|
Ketki Amit Thatte |
12500 |
13.23 |
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|
|
|
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Total |
94500 |
100.00 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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|
Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
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|
|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer and Trader of Road Making paint including Making Material like Inks, Coatings, Laser Making Materials, Tapes and Spray Painting Equipment’s, etc. [Confirmed by Management] · Subject is engaged in the business of Manufacturing of Road Marking Paints and Trading of Supplementary Consumables. [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 : |
Not Available |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· China · Austria |
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Terms : |
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Selling : |
Cheque, RTGS, NEFT and Credit [30 Days] |
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Purchasing : |
Cheque, RTGS, NEFT and Credit [90 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
OEMs
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No. of Employees : |
50 [Approximately] |
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Bankers : |
· Bank of Baroda Dharampeth
Branch, West High Court Road, Dharampeth, Nagpur - 440010, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
B P S D and Associates Chartered Accountants |
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Address : |
3 and 4, Sai Sagar Apartments, Hingna Road, Subhash Nagar,
Nagpur – 440036, Maharashtra, India |
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Tel. No.: |
91-712-2236636/ 223392/ 6424046 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AACFB9328A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern : |
Kataline Construction Technologies Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 100/- each |
INR 10.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
94500 |
Equity Shares |
INR 100/- each |
INR 9.450 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 |
|
|
|
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(a) Share Capital |
9.450 |
9.450 |
9.450 |
|
(b) Reserves & Surplus |
77.193 |
57.150 |
37.058 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
86.643 |
66.600 |
46.508 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
25.396 |
44.124 |
22.726 |
|
(b) Deferred tax liabilities (Net) |
1.283 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
26.679 |
44.124 |
22.726 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
22.562 |
40.570 |
44.125 |
|
(b)
Trade payables |
44.730 |
59.107 |
79.789 |
|
(c)
Other current liabilities |
9.631 |
(2.071) |
0.000 |
|
(d)
Short-term provisions |
16.594 |
13.748 |
10.801 |
|
Total
Current Liabilities (4) |
93.517 |
111.354 |
134.715 |
|
|
|
|
|
|
TOTAL |
206.839 |
222.078 |
203.949 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
15.109 |
20.416 |
16.839 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.262 |
0.491 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
15.109 |
20.678 |
17.330 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
11.415 |
13.552 |
8.780 |
|
(c)
Trade receivables |
162.709 |
172.099 |
142.742 |
|
(d)
Cash and cash equivalents |
4.015 |
1.584 |
7.176 |
|
(e)
Short-term loans and advances |
1.318 |
1.945 |
16.198 |
|
(f)
Other current assets |
12.273 |
12.220 |
11.723 |
|
Total
Current Assets |
191.730 |
201.400 |
186.619 |
|
|
|
|
|
|
TOTAL |
206.839 |
222.078 |
203.949 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
494.426 |
525.875 |
379.286 |
|
|
|
Other Income |
0.372 |
4.925 |
1.334 |
|
|
|
TOTAL |
494.798 |
530.800 |
380.620 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
319.192 |
381.964 |
295.479 |
|
|
|
Employees benefits expense |
17.321 |
9.615 |
5.146 |
|
|
|
Direct expenses |
63.024 |
37.812 |
41.113 |
|
|
|
Administration expenses |
44.742 |
54.793 |
16.058 |
|
|
|
Remuneration to directors |
0.000 |
0.000 |
2.400 |
|
|
|
TOTAL |
444.279 |
484.184 |
360.196 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
50.519 |
46.616 |
20.424 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
14.678 |
15.521 |
9.395 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
35.841 |
31.095 |
11.029 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.904 |
1.508 |
1.080 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
33.937 |
29.587 |
9.949 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
13.894 |
9.495 |
3.576 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
20.043 |
20.092 |
6.373 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
212.10 |
212.61 |
67.00 |
|
|
PARTICULARS |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
530.000 |
|
|
|
|
[Market
fluctuation] |
The above information has been parted by Mr. Sandeep Mule [Senior
Accounts and Finance Manager]
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 |
35.781 |
(7.426) |
8.671 |
|
|
|
|
|
|
Net Cash flow from /(used in) Operating Activities |
35.781 |
(7.426) |
8.671 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
120.12 |
119.45 |
137.37 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.04 |
3.06 |
2.66 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
51.15 |
56.48 |
98.56 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
4.43 |
3.44 |
2.33 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
3.34 |
2.28 |
1.21 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.57 |
0.70 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.55 |
1.27 |
1.44 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.08 |
1.67 |
2.90 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.17 |
0.31 |
0.36 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.44 |
3.00 |
2.17 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.05 |
3.82 |
1.68 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.69 |
9.05 |
3.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
23.13 |
30.17 |
13.70 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.05 |
1.81 |
1.39 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.93 |
1.69 |
1.32 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.42 |
0.30 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.07 |
8.96 |
7.07 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.05 |
1.81 |
1.39 |
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 |
9.450 |
9.450 |
9.450 |
|
Reserves & Surplus |
37.058 |
57.150 |
77.193 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
46.508 |
66.600 |
86.643 |
|
|
|
|
|
|
long-term borrowings |
22.726 |
44.124 |
25.396 |
|
Short term borrowings |
44.125 |
40.570 |
22.562 |
|
Total
borrowings |
66.851 |
84.694 |
47.958 |
|
Debt/Equity
ratio |
1.437 |
1.272 |
0.554 |
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 |
379.286 |
525.875 |
494.426 |
|
|
|
38.649 |
(5.980) |
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 |
379.286 |
525.875 |
494.426 |
|
Profit |
6.373 |
20.092 |
20.043 |
|
|
1.68% |
3.82% |
4.05% |
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 |
Yes |
|
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 four 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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B89597165 |
10460341 |
SREI EQUIPMENT
FINANCE LIMITED |
22/10/2013 |
- |
- |
430000.0 |
'VISHWAKARMA', 86C,
TOPSIA ROAD,KOLKATAWB700046IN |
|
2 |
C49612534 |
10286841 |
STATE BANK OF
INDIA |
26/04/2011 |
11/03/2015 |
- |
98300000.0 |
S.M.E. HINGNA
NAGPUR BRANCH, MIDC AREAPLOT NO. X-43, NAGPUR,
MAHARASHTRA-440016NAGPURMH440016IN |
|
3 |
B11772902 |
10160946 |
BANK OF BARODA |
28/04/2009 |
12/04/2010 |
04/05/2011 |
25000000.0 |
DHARAMPETH BRANCH,
WEST HIGH COURT ROAD,DHARAMPETHNAGPURMH440010IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Bajaj Finance Limited |
1.466 |
2.510 |
|
Capital First Limited |
0.536 |
1.956 |
|
Capital First Limited - II |
1.055 |
1.672 |
|
Edelweiss Retail Finance Limited |
1.856 |
2.941 |
|
From Directors |
(0.150) |
1.450 |
|
Fulleton India Credit Limited |
0.520 |
1.606 |
|
HDB Financial Services |
1.107 |
1.719 |
|
HDFC Bank Limited |
1.356 |
1.781 |
|
ICICI Bank Limited |
1.987 |
3.245 |
|
IndusInd Bank Limited |
0.598 |
1.863 |
|
Kotak Mahindra Bank Limited |
2.435 |
3.811 |
|
Magma Fincorp Limited |
1.688 |
2.862 |
|
RBL Bank |
0.480 |
1.491 |
|
Religare Finvest Limited |
0.510 |
1.564 |
|
Religare Finvest Limited - II |
1.455 |
2.290 |
|
Tata Capital Financial Services Limited |
0.576 |
1.816 |
|
|
|
|
|
Total |
17.475 |
34.577 |
COMPANY PROFILE
The company is engaged in the business of manufacturing road making paints and trading of supplementary. Consumables company is registered as a private limited company registrar of companies and is incorporated on 19/06/2008.
FUTURE OUTLOOK
The company is engaged in the business of manufacturing of road marking
paints and trading of supplementary consumables. There has been no change in
the business of the Company during the financial year ended 31.03.2017.
During the current year the company has successfully implemented
diversification and taken effective steps to curtail and reduce expenses which
shall give better results. The company is looking forward to extend the
operations.
The highlights of the Company’s performance is as under:
The turnover (Income) of the company has decreased to INR 525.875
Million during the year 2015-2016 to INR 494.426 million during the previous
year 2016-2017 and the Company has made Profit of INR 20.043 Million during the
year. The management is successful in earning reasonable profit before interest
and depreciation. The PBT during the year was INR 33.937 Million as compared to
INR 29.587 Million in the previous year.
FIXED ASSETS:
· Pug Pug Mixer
· Reflectometer
· Factory Building
· Factory Shed
· Weighing Scale
· Plant and Machinery
· Computer
· Vehicle
· Office Furniture
· Land at Hingna
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
|
INR |
|
US Dollar |
1 |
INR 66.36 |
|
UK Pound |
1 |
INR 92.51 |
|
Euro |
1 |
INR 81.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARCH |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
ARC |
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.