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|
|
MIRA INFORM REPORT
|
Report No. : |
489193 |
|
Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PARKER TILES PRIVATE LIMITED (w.e.f. 28.11.2011) |
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|
|
|
Formally known
As: |
NOVA GOLD FLOOR TILES PRIVATE LIMITED |
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Registered
Office : |
At. Sim of Village Kukada, Jasapar Board, Post Muli Tehsil Muli, District Surendra Nagar – 363510 ,Gujarat |
|
Tel. No.: |
91- 2756-233185 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of Incorporation
: |
28.08.2003 |
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Com. Reg. No.: |
04-042813 |
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Capital
Investment / Paid-up Capital : |
INR 10.478 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U26933GJ2003PTC042813 |
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IEC No.: |
Not Divulged |
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GSTIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCN7895G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Ceramic Glazed Tiles. (Registered Activity) |
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No. of Employees
: |
Not Divulged |
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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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 2003 and it is having
satisfactory track. The company manufacturers digitally printed glazed wall tiles of
various sizes under the “SOL” tiles brand. Management of the company has not filed its financials of 2017 with
government department. As per available financials of 2016, the company has registered
decrease in its revenue from operation and maintained average profitability
margin of 1.70%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and average debt balance sheet. Further, rating also reflects company’s long standing track records of
business operation along with extensive experience of its promoters in the
tiles sanitary ware manufacturing industry and strategic location of plant. However, rating strength is partially offset by susceptibility to
volatility in raw material and fuel prices, large working capital requirement
and exposure to intense competition. Trade relations are reported as fair. Business is active. Payments are
seems to be usually correct. 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 (30.06.2017) |
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 Rating (BB) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
03.08.2017 |
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 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 (Tel No.: 91-9099988257)
LOCATIONS
|
Registered Office : |
At. Sim of Village Kukada, Jasapar Board, Post Muli Tehsil Muli, District Surendra Nagar – 363510 ,Gujarat, India |
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Tel. No.: |
91- 2756-233185 |
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Fax No.: |
Not Divulged |
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E-Mail : |
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Website : |
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Corporate Office : |
702, Iscon Elegance, S. G. Highway, Ahmedabad-380015, Gujarat, India |
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Fax No.: |
91-79-66168989 |
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E-Mail : |
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Factory : |
Surendra Nagar – Rajkot Highway Road, Opposite Jasapar Bus
Stop, Village Kukada, Post Muli, Surendra Nagar -363 510, Gujarat, India |
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Showroom: |
Shivajanta Complex, National Highway - 8 (A), Morbi-363
341, Gujarat, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Amarbhai Ashwinbhai Shah |
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Designation : |
Director |
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Address : |
4, Laxmi Park, Near Ghughri Park, 80 Feet Road, Opposite Jintan Road,
Surendra Nagar-363001, Gujarat, India |
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Date of Appointment : |
08.07.2017 |
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DIN No: |
00044770 |
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Other Directorship:
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Name : |
Mr. Pradeepkumar Natvarlal Thakkar |
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Designation : |
Director |
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Address : |
Vasuki Co-Operative Society, Opposite Melamedan, Thangadh-363530,
Gujarat, India N |
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Date of Birth/Age : |
22.11.1962 |
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Date of Appointment : |
31.01.2004 |
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DIN No: |
00077380 |
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|
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Name : |
Mr. Hardik Suryakantbhai Shah |
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Designation : |
Director |
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Address : |
15, Parimal Society, Gujarat, India N Jain Derasar, Dall Mill Road,
Surendra Nagar-363001, Gujarat, India |
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Date of Birth/Age : |
29.01.1983 |
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Date of Appointment : |
31.01.2004 |
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DIN No: |
00077504 |
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Name : |
Mr. Nalinbhai Himatlal Shah |
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Designation : |
Director |
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Address : |
B-603, Vrindavan Complex, Gurukul Road, Memnagar, Ahmedabad-380052,
Gujarat, India |
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Date of Birth/Age : |
05.11.1956 |
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Date of Appointment : |
31.01.2004 |
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DIN No: |
00077552 |
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Name : |
Mr. Atulkumar Himmatlal Shah |
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Designation : |
Director |
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Address : |
Mallinath Appartment, Nr. Sanskar Society, Surendra Nagar-363001,
Gujarat, India |
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Date of Birth/Age : |
16.06.1962 |
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Date of Appointment : |
30.11.2011 |
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DIN No: |
00261428 |
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|
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Name : |
Mr. Gautamkumar Kishorkumar Bhanvadia |
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Designation : |
Director |
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Address : |
B/501, Aarsh, 80 Wide Jain Prenatirth Derasar Road, Satellite Ambawadi
Vistar, Ahmedabad-380015, Gujarat, India |
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Date of Birth/Age : |
03.04.1981 |
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Date of Appointment : |
30.11.2011 |
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DIN No: |
00470478 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
M. A. Nakrani and Associates |
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Designation : |
Company Secretaries |
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Address : |
205, “VEDANT”, 7-Kalpana Colony, Behind Ganesh Plaza, Navrangpura, Ahmedabad -380009, Gujarat, India |
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Date of Birth/Age : |
91-79- 26463712 |
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Date of Appointment : |
91- 99252 33636 |
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Email: |
MAJOR SHAREHOLDERS
As on 31.03.2016
NOTE: SHAREHOLDER FILES ARE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ceramic Glazed Tiles. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
“SOL” |
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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 : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Shah and Patel Chartered Accountants |
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Address : |
5-B, Vardan Exclusive, Near Vimal House, Stadium Road, Navrangpura,
Ahmedabad – 380009, Gujarat, India |
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Tel. No.: |
91-79-30222277/ 30222288 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAXFS2204B |
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Membership number: |
135274 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Concern in which
Director or his Relative is Interested: |
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CAPITAL STRUCTURE
After: 30.09.2016
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 |
|
|
|
|
|
|
1062806 |
Equity Shares |
INR 10/- each |
INR 10.628 Million |
|
|
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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 |
|
|
|
|
|
|
1047837 |
Equity Shares |
INR 10/- each |
INR 10.478 Million |
|
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|
|
|
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 |
10.478 |
10.022 |
9.050 |
|
(b) Reserves & Surplus |
102.530 |
87.816 |
61.558 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
3.413 |
9.886 |
|
Total
Shareholders’ Funds (1) + (2) |
113.008 |
101.251 |
80.494 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
116.276 |
147.695 |
71.832 |
|
(b) Deferred tax liabilities (Net) |
12.328 |
9.676 |
6.181 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.701 |
0.944 |
1.932 |
|
Total Non-current
Liabilities (3) |
129.305 |
158.315 |
79.945 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
112.099 |
62.546 |
50.683 |
|
(b) Trade
payables |
62.379 |
77.016 |
65.322 |
|
(c) Other current
liabilities |
50.497 |
39.966 |
26.585 |
|
(d) Short-term
provisions |
1.714 |
0.091 |
0.062 |
|
Total Current
Liabilities (4) |
226.689 |
179.619 |
142.652 |
|
|
|
|
|
|
TOTAL |
469.002 |
439.185 |
303.091 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
228.242 |
171.084 |
130.221 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
56.931 |
12.909 |
|
(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 |
12.870 |
8.707 |
5.330 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
241.112 |
236.722 |
148.460 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
109.601 |
112.902 |
79.493 |
|
(c) Trade
receivables |
94.589 |
65.995 |
59.139 |
|
(d) Cash
and cash equivalents |
6.759 |
7.399 |
5.829 |
|
(e)
Short-term loans and advances |
16.941 |
16.167 |
10.170 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
227.890 |
202.463 |
154.631 |
|
|
|
|
|
|
TOTAL |
469.002 |
439.185 |
303.091 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
328.326 |
358.073 |
219.754 |
|
|
Other Income |
0.792 |
3.679 |
0.454 |
|
|
TOTAL |
329.118 |
361.752 |
220.208 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
118.163 |
179.487 |
72.264 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.197 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.535) |
(50.278) |
16.612 |
|
|
Employees benefits
expense |
7.799 |
5.807 |
4.470 |
|
|
Other expenses |
153.716 |
180.454 |
92.615 |
|
|
TOTAL |
278.143 |
315.470 |
186.158 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
50.975 |
46.282 |
34.050 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
23.238 |
21.964 |
13.193 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
27.737 |
24.318 |
20.857 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
19.500 |
14.008 |
6.554 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
8.237 |
10.310 |
14.303 |
|
|
|
|
|
|
|
Less |
TAX |
2.652 |
3.495 |
4.452 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
5.585 |
6.815 |
9.851 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
29.436 |
21.611 |
0.000 |
|
|
TOTAL EARNINGS |
29.436 |
21.611 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
0.619 |
|
|
Capital Goods |
0.000 |
15.445 |
0.000 |
|
|
TOTAL IMPORTS |
0.000 |
15.445 |
0.619 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
5.41 |
7.02 |
10.89 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
25.040 |
18.175 |
9.718 |
|
Cash generated from operations |
12.016 |
10.091 |
30.877 |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
10.190 |
(94.716) |
30.033 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
105.15 |
67.27 |
98.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.47 |
5.43 |
3.72 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
192.69 |
156.62 |
329.04 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.47 |
0.41 |
0.43 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.22 |
0.20 |
0.24 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.78 |
0.79 |
0.74 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.24 |
2.26 |
1.64 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.01 |
1.77 |
1.77 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.02 |
2.25 |
1.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.19 |
2.11 |
2.58 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.70 |
1.90 |
4.48 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.19 |
1.55 |
3.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.94 |
6.73 |
12.24 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.01 |
1.13 |
1.08 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.52 |
0.50 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.24 |
0.23 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
24.19 |
22.79 |
14.61 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.01 |
1.13 |
1.08 |
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 |
9.050 |
10.022 |
10.478 |
|
Reserves & Surplus |
61.558 |
87.816 |
102.530 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
9.886 |
3.413 |
0.000 |
|
Net
worth |
80.494 |
101.251 |
113.008 |
|
|
|
|
|
|
long-term borrowings |
71.832 |
147.695 |
116.276 |
|
Short term borrowings |
50.683 |
62.546 |
112.099 |
|
Current maturities of
long-term debts |
9.718 |
18.175 |
25.040 |
|
Total
borrowings |
132.233 |
228.416 |
253.415 |
|
Debt/Equity
ratio |
1.643 |
2.256 |
2.242 |
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 |
219.754 |
358.073 |
328.326 |
|
|
|
62.943 |
(8.308) |
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 |
219.754 |
358.073 |
328.326 |
|
Profit |
9.851 |
6.815 |
5.585 |
|
|
4.48% |
1.90% |
1.70% |
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 |
No |
|
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 two/ 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 |
STATE OF COMPANY’S AFFAIRS
AND FUTURE OUTLOOK:
The company has achieved turnover of INR 328.326 million (Prev. Year INR 358.073 million) and profit after tax of INR 5.585 million (Prev. Year Profit INR 6.815 million). The turnover and profit has decreased due to unfavorable market factors. The Management hopes for better prospects in coming year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans from Shareholders, Directors and their Relatives |
22.804 |
9.339 |
|
Total |
22.804 |
9.339 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C17143520 |
10337134 |
STATE BANK OF INDIA |
30/01/2012 |
25/07/2014 |
- |
305400000.0 |
SARKHEJ GANDHINAGAR HIGHWAY BRANCH, 1, ZODIAC SQUARE, OPPOSITE GURUDWARA, S.G. ROAD, AHMEDABAD-380054, GUJARAT, INDIA |
|
2 |
C81406332 |
10395651 |
INDIABULLS HOUSING FINANCE LIMITED |
29/11/2012 |
- |
08/03/2016 |
8013337.0 |
F-60 MALHOTRA BUILDING, 2ND FLOOR, CONNAUGHT PLACE, NEW DELHI-110001, INDIA |
|
3 |
B24052490 |
10275673 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
28/03/2011 |
- |
12/10/2011 |
5600000.0 |
1ST FLOOR, NIRMAL, 7, RAMKRISHNANAGAR CORNER, OPPOSITE COMMISSIONER BUNGLOW, OFF. YAGNIK ROAD, RAJKOT-360005, GUJARAT, INDIA |
|
4 |
B24392268 |
80011775 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
11/05/2005 |
24/02/2010 |
12/10/2011 |
39200000.0 |
1ST FLOOR, NIRMAL, 7, RAMKRISHNANAGAR CORNER, OPPOSITE COMMISSIONER BUNGLOW, OFF. YAGNIK ROAD, RAJKOT-360005, GUJARAT, INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Bank Guarantee given |
11.300 |
11.300 |
|
Export Obligation |
0.000 |
2.365 |
|
Penalty initiated under Legal Metrology (packed commodities) |
0.025 |
0.025 |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Office
Equipment
- Computer
Accessories
- Computer Software
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 records 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 : |
KMN |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
MTN |
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.