|
|
|
MIRA INFORM REPORT
|
Report No. : |
489196 |
|
Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
NOBLE TECH INDUSTRIES PRIVATE LIMITED (w.e.f. 13.07.2009) |
|
|
|
|
Formerly Known
As : |
V.K.G.
STEEL AND ENERGY PRIVATE LIMITED |
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|
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Registered
Office : |
6/9, Kasturi Estate, 3rd
Street, Poes Garden, Chennai – 600 086, Tamilnadu |
|
Tel. No.: |
91-44-24672504 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2016 |
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|
|
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Date of
Incorporation : |
14.09.2004 |
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|
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Com. Reg. No.: |
18-054213 |
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|
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Capital
Investment / Paid-up Capital : |
INR 265.408 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300TN2004PTC054213 |
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IEC No.: |
Not Divulged |
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GSTIN/UIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AABCV9111H |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is primarily
engaged in the business of manufacture and sale of iron and also engaged in
generation and supply of power (used mainly for captive consumption). (Registered
Activity) |
|
|
|
|
No. of Employees
: |
Information denied by the management |
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 |
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|
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Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2004. It is a manufacturer of
iron and steel products. Management has failed to file its financials with the Registrar of
Companies for the FY 2017. For the financial year 2016, the company has achieved revenue growth
of 11.87% as compared to the previous year but has reported a low profit
margin of 0.32%. The satisfactory financial risk profile of the company is marked by
adequate net worth base along with comfortable debt balance sheet profile. These strengths are partially offset by large working capital
requirements and susceptibility of margins to volatility in raw material
prices. 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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 |
CRISIL |
|
Rating |
Long-Term = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
22.12.2016 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term= A3 |
|
Rating Explanation |
Minimal degree of safety and higher credit risk. |
|
Date |
22.12.2016 |
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 01.02.2018
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 DENIED
Management Non-Cooperative (91-44-24672504)
91-9444020965/91-44-24672501
– continuously ringing
91-44-27278833/27278835 - given numbers are not working
LOCATIONS
|
Registered Office/ Administrative Office/ Factory 1 : |
6/9, Kasturi Estate, 3rd
Street, Poes Garden, Chennai – 600 086, Tamilnadu, India |
|
Tel. No. : |
91-44-24672501-04/ 25249501 |
|
Mobile No. : |
91-9444020965 (Mr. Tangamani) |
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Fax No. : |
91-44-24672505 |
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E-Mail : |
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Website : |
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Factory 2 : |
14/2A2, Melapakkam Village, Uthiramerur Taluk, District Kancheepuram –
603 402, Tamilnadu, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Mohammed Iqbal |
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Designation : |
Whole-time Director |
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Address : |
2B, Old No.17, New No.6, Jagadambal Street, T. Nagar, Chennai – 600
017, Tamilnadu, India |
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Date of Birth/Age : |
20.01.1950 |
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Date of Appointment : |
30.09.2013 |
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DIN No. : |
06519131 |
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Name : |
Mr. Radhakrishnan Ramesh |
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|
Designation : |
Director |
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Address : |
1, Shyam Court, 19/26, Judge Jambulingam Street, Mylapore, Chennai –
600 004, Tamilnadu, India |
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Date of Birth/Age : |
28.01.1973 |
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Date of Appointment : |
30.09.2014 |
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PAN No.: |
AGJPR9146B |
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DIN No. : |
00792977 |
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Other Directorship :
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KEY EXECUTIVE
|
Name : |
Rabi Narayan and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
No.14/20, First Floor, Srinivas Pillai Street, West Mambalam, Chennai
– 600033, Tamilnadu, India |
|
Tel No.: |
91-44-24710523/45513136 |
|
Mobile No.: |
91-9840079603/9841440028 |
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Email: |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Sameena Begum |
|
19412800 |
|
Radhakrishnan Ramesh |
|
100000 |
|
Mohamed Ismail Mohamed Abdulla |
|
100000 |
|
Napraaj Commercial Private Limited, India |
|
6828000 |
|
Mohamed Ebrahim Basheer Mohamed |
|
100000 |
|
Total |
|
26540800 |
AS ON 31.10.2016
|
Names of Allottee |
|
No. of Shares |
|
Sameena Begum |
|
11800000 |
|
Total |
|
11800000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
1.13 |
|
Promoters- Individual/Hindu Undivided Family -Non-resident Indian (NRI) |
73.14 |
|
Promoters- Body corporate |
25.73 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily
engaged in the business of manufacture and sale of iron and also engaged in
generation and supply of power (used mainly for captive consumption). (Registered
Activity) |
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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 : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
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Auditors : |
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|
Name : |
A. Krishnamoorthy and Company Chartered Accountants |
|
Address : |
Old No.16/3, New No.43, Ramaswamy Street, T. Nagar, Chennai – 600 017, Tamilnadu, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AGHPK4186E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other related party (AS ON 31.03.2016): |
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Associates (AS ON 31.03.2016): |
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CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
INR 10/- each |
INR 400.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38340800 |
Equity Shares |
INR 10/- each |
INR 383.408 Million |
|
|
|
|
|
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
INR 10/- each |
INR 400.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26540800 |
Equity Shares |
INR 10/- each |
INR 265.408 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
265.408 |
198.408 |
198.408 |
|
(b) Reserves and Surplus |
926.488 |
674.390 |
673.266 |
|
(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) |
1191.896 |
872.798 |
871.674 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1007.966 |
1039.176 |
929.278 |
|
(b) Deferred tax liabilities (Net) |
109.008 |
105.125 |
104.873 |
|
(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) |
1116.974 |
1144.301 |
1034.151 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1092.459 |
1404.540 |
1221.860 |
|
(b) Trade
payables |
1878.266 |
1669.184 |
1619.141 |
|
(c) Other
current liabilities |
492.216 |
306.421 |
347.043 |
|
(d) Short-term
provisions |
0.770 |
0.712 |
0.393 |
|
Total Current
Liabilities (4) |
3463.711 |
3380.857 |
3188.437 |
|
|
|
|
|
|
TOTAL |
5772.581 |
5397.956 |
5094.262 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
775.463 |
837.273 |
902.755 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
181.684 |
109.606 |
2.869 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.330 |
0.720 |
0.958 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
66.401 |
62.518 |
41.738 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1024.878 |
1010.117 |
948.320 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3320.438 |
3353.533 |
2963.553 |
|
(c) Trade
receivables |
736.583 |
389.613 |
567.144 |
|
(d) Cash and
bank balances |
5.905 |
4.766 |
6.798 |
|
(e)
Short-term loans and advances |
585.020 |
579.753 |
530.817 |
|
(f) Other current
assets |
99.757 |
60.174 |
77.630 |
|
Total
Current Assets |
4747.703 |
4387.839 |
4145.942 |
|
|
|
|
|
|
TOTAL |
5772.581 |
5397.956 |
5094.262 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
5539.141 |
4951.489 |
4690.607 |
|
|
Other Income |
15.840 |
36.051 |
12.433 |
|
|
TOTAL |
5554.981 |
4987.540 |
4703.040 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3994.281 |
3691.916 |
3441.546 |
|
|
Purchases of
Stock-in-Trade |
597.529 |
708.803 |
751.136 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
29.207 |
(235.635) |
(282.898) |
|
|
Employee benefit expense |
87.461 |
84.736 |
83.763 |
|
|
Other expenses |
467.340 |
363.071 |
393.299 |
|
|
TOTAL |
5175.818 |
4612.891 |
4386.846 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
379.163 |
374.649 |
316.194 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
281.724 |
290.244 |
223.738 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
97.439 |
84.405 |
92.456 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
70.456 |
82.704 |
82.163 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
26.983 |
1.701 |
10.293 |
|
|
|
|
|
|
|
Less |
TAX |
9.385 |
0.577 |
(0.137) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
17.598 |
1.124 |
10.430 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.66 |
0.06 |
0.53 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
297.365 |
310.238 |
(24.581) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
297.365 |
310.238 |
(38.147) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
48.54 |
28.72 |
44.13 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.52 |
12.71 |
8.27 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
149.30 |
138.44 |
140.96 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.11 |
0.11 |
0.11 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.40 |
0.40 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.77 |
0.82 |
0.81 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.76 |
2.80 |
2.47 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.91 |
3.87 |
3.66 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.80 |
1.08 |
1.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.35 |
1.29 |
1.41 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.32 |
0.02 |
0.22 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.30 |
0.02 |
0.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.48 |
0.13 |
1.20 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.37 |
1.30 |
1.30 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.41 |
0.31 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.21 |
0.16 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.91 |
12.32 |
10.84 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.37 |
1.30 |
1.30 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
198.408 |
198.408 |
265.408 |
|
Reserves & Surplus |
673.266 |
674.390 |
926.488 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
871.674 |
872.798 |
1191.896 |
|
|
|
|
|
|
Long-term borrowings |
929.278 |
1039.176 |
1007.966 |
|
Short term borrowings |
1221.860 |
1404.540 |
1092.459 |
|
Total
borrowings |
2151.138 |
2443.716 |
2100.425 |
|
Debt/Equity
ratio |
2.468 |
2.800 |
1.762 |
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 |
4690.607 |
4951.489 |
5539.141 |
|
|
|
5.562 |
11.868 |
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 |
4690.607 |
4951.489 |
5539.141 |
|
Profit/ (Loss) |
10.430 |
1.124 |
17.598 |
|
|
0.22
% |
0.02
% |
0.32
% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
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 |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OVERVIEW (AS ON 31.03.2016)
The Company was originally incorporated as “VKG Steel and Energy Private limited” on 14.09.2004 the name of the company was changed to “Noble Tech Industries Private Limited on 13.07.2009. The corporate and registered office of the company is situated at No.6/9, Kasturi Estate, 3rd Street, Poes Garden, Chennai-600 086 and the Manufacturing divisions is situated at Melapakkam Village, Uthiremerur Taluk, Kancheepuram District.
Subject is the first largest private sector Mini integrated steel plant in Southern Indian State of Tamil Nadu. The company was established with the idea to cater the requirement of medium and heavy structural steels (Beams, Channels and Angles) of engineering industries, power projects and infrastructure projects specially in the state of Tamil Nadu, Karnataka, Andhra Pradesh, Telengana, Kerala and Puducherry. Noble Tech’s manufacturing facilities are ISO certified and consists of Sponge Iron plant, Steel melting Plant, Steel Rolling Mill and Power Plant.
STATEMENT OF COMPANY’S AFFAIRS (AS ON
31.03.2016)
The Company has achieved a turnover of INR 5554.981 Million for the year 2015-16. The turnover has increased by 11.37% compared to the turnover of INR 4987.540 Million during the previous year. The net profit after tax has increased to INR 17.598 Million during the year as against INR 1.124 Million for the previous year. The Company could increase its turnover by more than 11% due to the bulk orders received from Bharat Heavy Electricals Ltd during the third quarter of the year. Continued sluggish market conditions, lack of infrastructure growth and higher input costs are the major reasons for the stagnant business development. Large scale import of steel products from China at competitive prices has also thinned the margins. The company could achieve a net profit of Rs.175.98 lac during the year under review. Comparing the previous financial year the net profit has increased but still it is not in commensurate with the Turnover. The margins are still under strains on account reduced selling prices and higher input costs.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
839.657 |
1016.556 |
|
Total |
839.657 |
1016.556 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B77797892 |
10432719 |
STATE BANK OF
INDIA |
26/04/2013 |
- |
- |
100000000.0 |
INDUSTRAIL FINANCE
BRANCH155, ANNA SALAICHENNAITN600002IN |
|
2 |
B35860089 |
10344411 |
BANK OF BARODA |
29/03/2012 |
- |
- |
246500000.0 |
MID CORPORATE
BRANCH1ST FLOOR, 74, THEAGARAYA ROAD, T.NAGARCHENNAITN600017IN |
|
3 |
B12720603 |
10286216 |
HDFC BANK LIMITED |
01/04/2011 |
- |
- |
2450000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
C05439146 |
10059006 |
STATE BANK OF
INDIA |
11/06/2007 |
30/05/2014 |
- |
2170000000.0 |
INDUSTRAIL BRANCH155,
ANNA SALAICHENNAITN600002IN |
|
5 |
Y10411245 |
90288318 |
STATE BANK OF
INDIA |
10/08/2005 |
11/01/2007 |
- |
235200000.0 |
INDUSTRIAL FINANCE
BRANCH155, ANNA SALAICHENNAITN600002IN |
|
6 |
B70458286 |
90298004 |
STATE BANK OF
INDIA |
10/08/2005 |
19/02/2013 |
- |
123000000.0 |
INDUSTRAIL FINANCE
BRANCH155, ANNA SALAICHENNAITN600002IN |
|
7 |
G44037570 |
100019809 |
HDFC BANK LIMITED |
20/08/2015 |
- |
29/04/2017 |
6596000.0 |
HDFC BANK LIMITED,
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WMUMBAIMH400013IN |
|
8 |
G44037414 |
10592830 |
HDFC BANK LIMITED |
02/09/2015 |
- |
29/04/2017 |
2082000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
G44037182 |
100019656 |
HDFC BANK LIMITED |
15/09/2015 |
- |
29/04/2017 |
567000.0 |
HDFC BANK LIMITED,
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WMUMBAIMH400013IN |
|
10 |
C62839196 |
10169806 |
SREI
INFRASTRUCTURE FINANCE LIMITED |
22/09/2008 |
- |
21/08/2015 |
3190000.0 |
VISHWAKARMA,86C,TOPSIA
ROAD (SOUTH),KOLKATAWB700046IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- 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 63.69 |
|
|
1 |
INR 90.35 |
|
Euro |
1 |
INR 79.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KVT |
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.