|
|
|
MIRA INFORM REPORT
|
Report No. : |
505737 |
|
Report Date : |
26.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMERIKAN STEELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Building - 26, 1st Floor, 1st |
|
Tel. No.: |
91-265-2580712 |
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|
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
16.02.2004 |
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|
|
|
Com. Reg. No.: |
11-179529 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 13.715 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27201MH2004PTC179529 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3404004442 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAECA6674P1Z5 |
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TIN No.: |
24191201472 |
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|
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CST No.: |
24691201472 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAECA6674P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Trader and Importer of mild steel and stainless steel raw
materials. [Registered activity and
also confirmed by management] |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2004. It is a trader and Importer
of mild steel and stainless steel raw materials. For the financial year 2017, the company has achieved 51.55% growth in
its revenue as compared to previous year revenue but has reported low profit
margin of 1.00%. The rating takes into consideration satisfactory financial profile of the
company marked by sufficient networth base, favourable gap between trade
payables and receivables along with negligible debt level. However rating strengths are partially offset by operations in the
fragmented steel trading industry and its susceptibility to volatility in
steel prices. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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) |
|
|
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
27.10.2018 |
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 26.04.2018
IBBI (Insolvency and Bankruptcy Board of
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. Chandraprakash Doshi Pukhraj |
|
Designation : |
Director |
|
Contact No.: |
91-9824045351 |
|
Date : |
25.04.2018 |
LOCATIONS
|
Registered Office : |
Building - 26, 1st Floor, 1st |
|
Tel. No.: |
Not Available |
|
Mobile No : |
91-9824045351 (Mr. Chandraprakash Doshi Pukhraj) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Industrial |
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|
|
|
Admin/ Correspondence Address : |
Sri Narsinhji Industrial Estate, Wadi - Yamuna Mill Road,
Pratap Nagar, |
|
Tel. No.: |
91-265-2580712 / 2580692/ 2583149/ 2582943 |
|
Fax No.: |
91-265-2581691 |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Chandraprakash Doshi Pukhraj |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
4 Narayan Nagar Society New, Khanderao Road, R. V. Desai Road, Baroda
- 390001, Gujarat, India |
||||||||
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Date of Birth/Age : |
25.09.1980 |
||||||||
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Qualification : |
B.Com |
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Date of Appointment : |
16.02.2004 |
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PAN No : |
AEHPD1576R |
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DIN No.: |
01575728 |
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Other Directorship:
|
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|
||||||||
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Name : |
Mr. Rakesh Pukhraj Doshi |
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|
Designation : |
Director |
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|
Address : |
4, Narayan Nagar Society, New, Khanderao Road, R. V. Desai Road,
Baroda - 390001, Gujarat, India |
||||||||
|
Date of Birth/Age : |
03.07.1982 |
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Qualification : |
BBA |
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Date of Appointment : |
16.02.2004 |
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PAN No : |
AEHPD1575N |
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DIN No.: |
01575662 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Chandrakant P Doshi |
188000 |
|
Bhavnaben Chandraprakash Doshi |
8000 |
|
Rakesh Pokhrajbhai Doshi |
288000 |
|
Kavitaben Rakeshbhai Doshi |
8000 |
|
Pokhraj. P. Doshi |
108000 |
|
Alpha Chemie Trade Agencies Private Limited |
25000 |
|
Anticlock Vyapaar Private Limited |
25000 |
|
Bhavna Investment Private Limited |
10000 |
|
Buniyad Chemicals Limited |
17000 |
|
Dhanvidhya Financial Investment |
15000 |
|
Foolproof Vyapar Private Limited |
25000 |
|
Goyal
Financials (India) Limited |
30000 |
|
Hanuman Vinimay Private Limited |
25000 |
|
Juhi Vanijaya Private Limited |
35000 |
|
Kailash Ficom Limited |
25000 |
|
Medlar Dealcom Private Limited |
45000 |
|
Mihir Agencies Private Limited |
25000 |
|
Millennium Cybertech Limited |
40000 |
|
Muse Dealers Private Limited |
25000 |
|
Novacold Petro Resources Limited |
25000 |
|
Talent Infoway Limited |
30000 |
|
Universal Credit and Securities Limited |
55000 |
|
Veronica Commerce Private Limited |
25000 |
|
Maple Dealer Private Limited |
33000 |
|
Jamuna Distributors Private Limited |
24000 |
|
Relax Vyapaar Private Limited |
32500 |
|
Gurukul Vinimay Private Limited |
17000 |
|
Panorama Commercial Private Limited |
21000 |
|
Radiant Vinimay Private Limited |
45000 |
|
Everlike Vyapar Private Limited |
27000 |
|
Neelkamal Trade Link Private Limited |
15000 |
|
Amar Commercial Private Limited |
30000 |
|
Redhot Mercantile Private Limited |
25000 |
|
Chandraprakash Doshi Jointly with Nimish Sanghavi |
10 |
|
Chandraprakash Doshi jointly with Nimish Sanghavi |
10 |
|
|
|
|
Total |
1371520 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
43.75 |
|
Public/Other than promoters [Body corporate] |
56.25 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of mild steel and stainless steel raw
materials. [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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||||
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Advance Payment and Others (RTGS) |
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|
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Purchasing : |
Advance Payment and Others (RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
OEM’s
|
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Shah and Bhandari Chartered Accountants |
|
Address : |
38/101 Gautam Nagar, Race Course, Vadodara, Gujarat, India |
|
PAN No.: |
AAMFS8293E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Other related parties : |
|
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1371520 |
Equity Shares |
INR 10/- each |
INR 13.715 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 |
13.715 |
13.715 |
13.715 |
|
(b) Reserves & Surplus |
189.367 |
169.161 |
151.416 |
|
(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) |
203.082 |
182.876 |
165.131 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
14.510 |
17.660 |
5.081 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1.445 |
1.445 |
1.005 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
15.955 |
19.105 |
6.086 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
163.474 |
132.550 |
123.215 |
|
(b) Trade
payables |
81.442 |
89.236 |
53.044 |
|
(c) Other
current liabilities |
19.348 |
30.284 |
12.396 |
|
(d) Short-term
provisions |
0.155 |
3.294 |
0.229 |
|
Total Current
Liabilities (4) |
264.419 |
255.364 |
188.884 |
|
|
|
|
|
|
TOTAL |
483.456 |
457.345 |
360.101 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
9.759 |
9.826 |
10.185 |
|
(ii)
Intangible Assets |
0.312 |
0.028 |
0.040 |
|
(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 |
27.142 |
29.482 |
31.573 |
|
(c) Deferred tax assets (net) |
0.125 |
0.266 |
0.367 |
|
(d)
Long-term Loan and Advances |
71.688 |
74.155 |
108.824 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
109.026 |
113.757 |
150.989 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
20.872 |
18.892 |
17.645 |
|
(c) Trade
receivables |
331.722 |
307.467 |
183.384 |
|
(d) Cash
and cash equivalents |
0.286 |
0.404 |
0.284 |
|
(e)
Short-term loans and advances |
12.697 |
7.761 |
3.062 |
|
(f) Other
current assets |
8.853 |
9.064 |
4.737 |
|
Total
Current Assets |
374.430 |
343.588 |
209.112 |
|
|
|
|
|
|
TOTAL |
483.456 |
457.345 |
360.101 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2028.349 |
1338.365 |
933.265 |
|
|
Other Income |
15.012 |
17.632 |
10.273 |
|
|
TOTAL |
2043.361 |
1355.997 |
943.538 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
1967.861 |
1290.199 |
879.986 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.980) |
(1.248) |
10.765 |
|
|
Employee benefit expense |
10.469 |
9.062 |
8.839 |
|
|
Other expenses |
14.468 |
10.600 |
7.384 |
|
|
TOTAL |
1990.818 |
1308.613 |
906.974 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
52.543 |
47.384 |
36.564 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
18.504 |
14.519 |
16.610 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
34.039 |
32.865 |
19.954 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.426 |
3.270 |
2.896 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
30.613 |
29.595 |
17.058 |
|
|
|
|
|
|
|
Less |
TAX |
10.408 |
11.850 |
5.692 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
20.205 |
17.745 |
11.366 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
14.73 |
12.94 |
8.29 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
2080.000 |
|
|
|
|
[Due to
demonetization] |
The above information has been parted by Mr. Chandraprakash Doshi
Pukhraj (Director)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.080 |
0.299 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(8.671) |
(8.093) |
3.786 |
|
Net cash flows from (used in) operating activities |
(18.937) |
(19.842) |
(1.946) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
59.69 |
83.85 |
71.72 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.11 |
4.35 |
5.09 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
15.11 |
25.25 |
22.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.52 |
2.51 |
2.07 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
5.22 |
4.81 |
3.58 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.58 |
0.60 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.88 |
0.82 |
0.78 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.30 |
1.40 |
1.14 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.05 |
0.05 |
0.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.84 |
3.26 |
2.20 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
1.00 |
1.33 |
1.22 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.18 |
3.88 |
3.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.95 |
9.70 |
6.88 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.42 |
1.35 |
1.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.34 |
1.27 |
1.01 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.42 |
0.40 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
12.98 |
10.96 |
9.38 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.42 |
1.35 |
1.11 |
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 |
13.715 |
13.715 |
13.715 |
|
Reserves & Surplus |
151.416 |
169.161 |
189.367 |
|
Net
worth |
165.131 |
182.876 |
203.082 |
|
|
|
|
|
|
Long-term borrowings |
5.081 |
17.660 |
14.510 |
|
Short term borrowings |
123.215 |
132.550 |
163.474 |
|
Current maturities of
long-term debts |
0.299 |
0.080 |
0.000 |
|
Total
borrowings |
128.595 |
150.290 |
177.984 |
|
Debt/Equity
ratio |
0.779 |
0.822 |
0.876 |
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 |
933.265 |
1338.365 |
2028.349 |
|
|
|
43.407 |
51.554 |
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 |
933.265 |
1338.365 |
2028.349 |
|
Profit/ (Loss) |
11.366 |
17.745 |
20.205 |
|
|
1.22
% |
1.33
% |
1.00
% |
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 |
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered address
of the company has been shifted from Shree Narsinhji Industrial Estate, Wadi
Yamuna MILL Road, Pratapnagar Vadodara - 390004, Gujarat, India to the present
address w.e.f. 01.02.2008
STATE OF COMPANYS
AFFAIRS
During the period the company has achieved the sales of INR 2028.300 million which in more compare to the last year sales, and is good for the current market conditions. The Company has achieved good profit i.e. INR 20.200 million which is very superb performance by the Company in current market conditions; this is mainly due to hard efforts by the Directors.
Considering the Current financial year, the Company is anticipating sales more than 40 % compare to the last year sales. This mainly, the Directors have formulated good marketing strategies, planning of sales etc. and the conditions of marketing is also good.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
14.510 |
17.660 |
|
|
|
|
|
Total |
14.510 |
17.660 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G03230208 |
100026002 |
STATE BANK OF INDIA |
16/02/2016 |
- |
- |
12000000.0 |
SME CITY CENTRE COMMERCE CENTRE 6TH FLOOROPP BBC TOWER, SAYAJIGUNJVADODARAGJ390005IN |
|
2 |
G32238511 |
10529673 |
HDFC BANK LIMITED |
30/10/2014 |
20/12/2016 |
- |
165000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G51631745 |
100040509 |
STATE BANK OF INDIA |
28/01/2016 |
19/12/2016 |
14/08/2017 |
50000000.0 |
1ST FLOOR PRIME COMPLEXOPP SHREYAS SCHOOL, MANJALPURVADODARAGJ390011IN |
|
4 |
C72284896 |
10248042 |
STATE BANK OF INDIA |
21/09/2010 |
28/03/2013 |
17/11/2015 |
115000000.0 |
SME VADODARA, 1STFLOOR, PRIME COMPLEX,OPP. SHREYAS SCHOOL, MANJALPUR,VADODARAGJ390011IN |
|
5 |
C72284011 |
10247972 |
STATE BANK OF INDIA |
21/09/2010 |
28/03/2013 |
17/11/2015 |
115000000.0 |
SME VADODARA, 1STFLOOR, PRIME COMPLEX,OPP. SHREYAS SCHOOL, MANJALPUR,VADODARAGJ390011IN |
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 66.36 |
|
|
1 |
INR 92.51 |
|
Euro |
1 |
INR 81.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
TJL |
|
|
|
|
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.