|
|
|
MIRA INFORM REPORT
|
Report No. : |
507005 |
|
Report Date : |
28.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
CABCON INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Swaika Centre, 4A, Pollock Street, Room No. 21, Kolkata – 700001,
West Bengal |
|
Tel. No.: |
91-33-40365001/ 40365000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
01.02.1991 |
|
|
|
|
Com. Reg. No.: |
21-050809 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 37.309
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200WB1991PTC050809 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0200014811 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC2164P |
|
|
|
|
TIN No.: |
19200402034 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19AABCC2164P1ZC |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer,
Supplier and Exporter of AAC, AAAC, ACSR, Conductors, Aluminium / Alloy Wire
and Ground Wire. (Registered Activity and also Confirmed by Management) |
|
|
|
|
No. of Employees
: |
60 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 1332300 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1991 having
satisfactory track record. As per Registrar of Companies the date of balance sheet [i.e. financial
filed] is shown as 31.03.2017 but the documents related to the financial for
the year 2017 are not available from any sources. As per available financial of 2016, the company has witnessed a growth
in its revenue and has achieved profit margin at 1.49% [approx.] The company possesses sound financial profile marked by healthy net
worth base along with fair debt level and favourable gap between trade
paybles to its trade receivables. The company also derives strength from its long established track
record of business operation. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitment. The company can be considered normal 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 |
|
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 |
BRICKWORKS |
|
Rating |
Long term rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
15.02.2017 |
|
Rating Agency Name |
BRICKWORKS |
|
Rating |
Short-term rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
15.02.2017 |
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 28.04.2018
.
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. Gaurav Binani |
|
Designation : |
General Manager–Marketing |
|
Contact No.: |
91-9831378554 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Swaika Centre, 4A, Pollock Street, Room No. 21, Kolkata –
700001, West Bengal, India |
|
Tel. No.: |
91-33-40365001/ 40365000 |
|
Mobile No.: |
91-9831378554 [Mr. Gaurav Binani] |
|
Fax No.: |
91-33-22158065 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Factory 2: |
Unit -1: 93, Dakhindari Road, Kolkata-700048, West Bengal, India |
|
Tel. No.: |
91-33-25344726 |
|
|
|
|
|
UNIT –II: SANKRAIL INDUSTRIAL PARK |
|
Factory 3: |
NH-6 Bombay Road, PO-Kanduah, Dhulagarh Howrah-711302, West Bengal, India |
|
Tel. No.: |
91-33-32617908 |
|
|
|
|
Corporate Office: |
1st Floor, Terminius Building, BG -12 Action Area 1b, New Town, Kolkata-700156, West Bengal, India |
|
Tel. No.: |
91-33-40365000 |
|
Fax No.: |
91-33-40365001 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Vijay Kumar Fomra |
||||||
|
Designation : |
Director |
||||||
|
Address : |
FE 515, Salt Lake City, Kolkata - 700091, West Bengal, India |
||||||
|
Date of Birth/Age : |
02.10.1968 |
||||||
|
Qualification : |
B.Com (H) |
||||||
|
Date of Appointment : |
25.11.1993 |
||||||
|
PAN No.: |
AADPF3739J |
||||||
|
DIN No.: |
00633315 |
||||||
|
Other Directorship :
|
|||||||
|
|
|
||||||
|
Name : |
Mr. Shree Ballabh Fomra |
||||||
|
Designation : |
Director |
||||||
|
Address : |
FE 515, Salt Lake City, Kolkata - 700091, West Bengal, India |
||||||
|
Date of Birth/Age : |
18.07.1943 |
||||||
|
Qualification : |
B.Com (H) |
||||||
|
Date of Appointment : |
14.02.2005 |
||||||
|
PAN No.: |
AADPF1618C |
||||||
|
DIN No.: |
00633436 |
||||||
|
|
|
||||||
|
Name : |
Mr. Madan Mohan Fomra |
||||||
|
Designation : |
Director |
||||||
|
Address : |
FE 515, Salt Lake City, Kolkata - 700091, West Bengal, India |
||||||
|
Date of Birth/Age : |
16.10.1966 |
||||||
|
Qualification : |
B.Com (H) |
||||||
|
Date of Appointment : |
01.02.1991 |
||||||
|
PAN No.: |
AADPF8390H |
||||||
|
DIN No.: |
00633292 |
||||||
|
Other Directorship :
|
|||||||
KEY EXECUTIVES
|
Name : |
Mr. Gaurav Binani |
|
Designation : |
General Manager–Marketing |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
34.31 |
|
Public/Other than promoters – Individual/ Hindu Undivided Family
– Indian |
4.27 |
|
Public/Other than promoters - Body Corporate |
61.42 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Supplier and Exporter of AAC, AAAC, ACSR, Conductors, Aluminium / Alloy Wire and
Ground Wire. (Registered Activity and also Confirmed by Management) |
||||||||
|
|
|
||||||||
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Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Available |
||||||||
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|
||||||||
|
Agencies Held : |
Not Available |
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|
||||||||
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Exports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
· South Africa · Bangladesh · Nepal, etc. |
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|
||||||||
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Imports : |
Not Available |
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|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Advance Payment, Cheque, Credit and Others [NEFT/ RTGS] |
||||||||
|
|
|
||||||||
|
Purchasing : |
Advance Payment, Cheque, Credit and Others [NEFT/ RTGS] |
PRODUCTION STATUS: [NOT AVAILABLE]
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users
·
NTPC ·
CESC Limited ·
NHPC ·
Tata Project Limited ·
BHEL ·
Tata Steel |
|||||||||||||||||||||||||||
|
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|
|||||||||||||||||||||||||||
|
No. of Employees : |
60 [Approximately] |
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|
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|
Bankers : |
· Union Bank of India Canning Street Branch, 6 D R N Mukherjee Road, Kolkata- 700001, West Bengal, India · Canara Bank L C Road Branch, 9 Lala Lajpat Rai Sarani, Kolkata – 700020, West
Bengal, India · Axis Bank Limited Corporate Banking Branch (CBB), 1 Shakespeare Sarani, AC Market, 3rd Floor, Kolkata – 700071, West Bengal, India · Canara Bank Prime Corporate Branch, 21 CAMAC Street, Ground Floor, Kolkata – 700017, West Bengal, India |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Jai Pandya and Associates Chartered Accountants |
|
Address : |
36, Strand Road, 3rd Floor, Kolkata-700001, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AFHPP8788C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related Parties : |
·
Shreyash Aluminium and Alloys Private
Limited ·
Radhika Transmission Private Limited |
CAPITAL STRUCTURE
AFTER: 29.09.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4030870 |
Equity Shares |
INR 10/- each |
INR 40.309
Million |
|
|
|
|
|
AS ON 31.03.2016
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3730870 |
Equity Shares |
INR 10/- each |
INR 37.309
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
37.309 |
37.309 |
34.809 |
|
(b) Reserves & Surplus |
429.003 |
376.590 |
310.316 |
|
(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) |
466.312 |
413.899 |
345.125 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
268.885 |
266.356 |
235.089 |
|
(b) Deferred tax liabilities (Net) |
2.164 |
3.411 |
3.315 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.836 |
0.873 |
0.538 |
|
Total
Non-current Liabilities (3) |
271.885 |
270.640 |
238.942 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
777.170 |
662.657 |
491.382 |
|
(b)
Trade payables |
846.725 |
727.972 |
586.790 |
|
(c)
Other current liabilities |
158.280 |
156.473 |
115.684 |
|
(d)
Short-term provisions |
25.671 |
21.949 |
18.440 |
|
Total
Current Liabilities (4) |
1807.846 |
1569.051 |
1212.296 |
|
|
|
|
|
|
TOTAL |
2546.043 |
2253.590 |
1796.363 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
154.443 |
112.973 |
81.129 |
|
(ii)
Intangible Assets |
31.004 |
51.351 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
50.839 |
|
(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 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
9.797 |
9.912 |
4.861 |
|
(e)
Other Non-current assets (Derivative Assets) |
0.283 |
(0.206) |
0.051 |
|
Total
Non-Current Assets |
195.527 |
174.030 |
136.880 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
484.290 |
510.311 |
315.881 |
|
(c)
Trade receivables |
1316.373 |
1042.309 |
986.472 |
|
(d)
Cash and cash equivalents |
281.585 |
213.938 |
156.272 |
|
(e)
Short-term loans and advances |
268.268 |
312.839 |
200.533 |
|
(f)
Other current assets |
0.000 |
0.163 |
0.325 |
|
Total
Current Assets |
2350.516 |
2079.560 |
1659.483 |
|
|
|
|
|
|
TOTAL |
2546.043 |
2253.590 |
1796.363 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
3482.189 |
3108.818 |
2876.692 |
|
|
|
Other Income |
42.215 |
31.290 |
31.769 |
|
|
|
TOTAL |
3524.404 |
3140.108 |
2908.461 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2828.667 |
2788.068 |
2476.635 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(18.681) |
(200.747) |
(28.523) |
|
|
|
Employees benefits expense |
47.902 |
27.114 |
22.241 |
|
|
|
Other expenses |
303.852 |
239.551 |
209.488 |
|
|
|
CSR Expenditure |
0.271 |
0.880 |
0.000 |
|
|
|
TOTAL |
3162.011 |
2854.866 |
2679.841 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
362.393 |
285.242 |
228.620 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
266.129 |
205.107 |
161.427 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
96.264 |
80.135 |
67.193 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.149 |
14.32 |
9.199 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
75.115 |
65.815 |
57.994 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
23.124 |
21.45 |
18.957 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
51.991 |
44.365 |
39.037 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
13.94 |
11.89 |
14.41 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
4.656 |
1.104 |
3.488 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
15.603 |
(100.487) |
(27.769) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
230.113 |
24.032 |
62.584 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
137.98 |
122.38 |
125.17 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.65 |
2.98 |
2.92 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
109.26 |
95.30 |
86.48 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.75 |
0.56 |
0.72 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.95 |
1.74 |
1.73 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.82 |
0.81 |
0.81 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.25 |
2.25 |
2.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.88 |
3.79 |
3.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.40 |
0.40 |
0.38 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.36 |
1.39 |
1.42 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.49 |
1.43 |
1.36 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.04 |
1.97 |
2.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
11.15 |
10.72 |
11.31 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.30 |
1.33 |
1.37 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.03 |
1.00 |
1.11 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.18 |
0.18 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
28.16 |
24.93 |
20.97 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.30 |
1.33 |
1.37 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
34.809 |
37.309 |
37.309 |
|
Reserves & Surplus |
310.316 |
376.590 |
429.003 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
345.125 |
413.899 |
466.312 |
|
|
|
|
|
|
long-term borrowings |
235.089 |
266.356 |
268.885 |
|
Short term borrowings |
491.382 |
662.657 |
777.170 |
|
Current Maturities of Long
term debt |
3.488 |
1.104 |
4.656 |
|
Total
borrowings |
729.959 |
930.117 |
1050.711 |
|
Debt/Equity
ratio |
2.115 |
2.247 |
2.253 |
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 |
2876.692 |
3108.818 |
3482.189 |
|
|
|
8.069 |
12.010 |
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 |
2876.692 |
3108.818 |
3482.189 |
|
Profit/ (Loss) |
39.037 |
44.365 |
51.991 |
|
|
1.36% |
1.43% |
1.49% |
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 |
Yes |
|
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 |
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 |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B80402464 |
10438891 |
UNION BANK OF INDIA |
01/07/2013 |
- |
- |
79500000.0 |
CANNING STREET BRANCH6D, R N MUKHERJEE ROADKOLKATAWB700001IN |
|
2 |
A13293014 |
10046525 |
CANARA BANK |
13/02/2007 |
- |
- |
15000000.0 |
EZRA STREET BRANCH9, EZRA STREETKOLKATAWB700001IN |
|
3 |
Y10364325 |
90256688 |
CANARA BANK |
18/06/2005 |
- |
- |
5700000.0 |
9; EZRA STREETKOLKATAWB700001IN |
|
4 |
G53754875 |
90254956 |
CANARA BANK |
01/01/1997 |
13/09/2017 |
- |
3320000000.0 |
PRIME CORPORATE BRANCHBELLS HOUSE, 21 CAMAC STREETKOLKATAWB700016IN |
|
5 |
G08538696 |
10235403 |
CANARA BANK |
30/06/2010 |
- |
16/07/2016 |
600000.0 |
L C ROAD BRANCH9 LALA LAJPAT RAI SARANIKOLKATAWB700020IN |
|
6 |
C20604559 |
10446565 |
KARNATAKA BANK LTD. |
14/08/2013 |
- |
12/09/2014 |
160000000.0 |
PARK STREET BRANCH1, SAROJINI NADU SARANIKOLKATAWB700017IN |
|
7 |
C19887256 |
10353404 |
UNION BANK OF INDIA |
15/03/2012 |
- |
10/09/2014 |
72000000.0 |
CANNING STREET BRANCH6 D R N MUKHERJEE ROADKOLKATAWB700001IN |
|
8 |
C19883768 |
10353361 |
UNION BANK OF INDIA |
24/04/2012 |
- |
10/09/2014 |
150000000.0 |
CANNING STREET BRANCH6 D R N MUKHERJEE ROADKOLKATAWB700001IN |
|
9 |
C08917221 |
10309997 |
AXIS BANK LIMITED |
20/09/2011 |
21/02/2012 |
01/07/2014 |
110000000.0 |
CORPORATE BANKING BRANCH (CBB),1, SHAKESPEARE SARANI, AC MARKET, 3RD FLOOR,KOLKATAWB700071IN |
|
10 |
B30384671 |
10047263 |
CANARA BANK |
14/02/2007 |
06/03/2010 |
19/01/2012 |
9100000.0 |
L C ROAD BRANCH9 LALA LAJPAT RAI SARANIKOLKATAWB700020IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
4.767 |
4.480 |
|
Other loans and advances |
257.264 |
249.485 |
|
|
|
|
|
Total |
262.031 |
253.965 |
OPERATIONS
The Company has reported total income of INR 3524.404 Million for the current year as compared to INR 3140.109 Million in the previous year. The Net Profit for the year amounted to INR 51.991 Million in the current year as compared to INR 44.365 Million in the previous year.
FIXED ASSETS:
·
Buildings
·
Plant and equipment
·
Factory equipments
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Computer equipments
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 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RUP |
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 |
YES |
|
--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.