|
|
|
%20PRIVATE%20LIMITED%20-%20489226%2002-Feb-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20489226%2002-Feb-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20489226%2002-Feb-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
489226 |
|
Report Date : |
02.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ASBESCO (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1A, K.B.R. Complex, 4, HO-CHI-MINH, Sarani, Kolkata –
700071, West Bengal |
|
Tel. No.: |
91-33-22822518 / 2519 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
13.10.1980 |
|
|
|
|
Com. Reg. No.: |
21-033082 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 45.465 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109WB1980PTC033082 |
|
|
|
|
IEC No.: |
0293002738 |
|
|
|
|
GSTIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA2579D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, trader, supplier and exporter of electrical equipment’s, insulator hardware fittings, conductor and earth wire accessories and clamps and connectors, substation etc. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
200 (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 3500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Asbesco India Private Limited was incorporated in the year 1980. It is
a manufacturer, trader and exporter of electrical equipments, insulator
hardware fittings and earth wire accessories. For the financial year 2017, the revenue of the company has decreased
by 24.87% but has managed to maintain average profit margin of 3.08%. The healthy financial profile of the company is marked by strong
networth base along with negligible debt level. The rating takes into consideration the subject’s long track record of
business operations along with extensive experience of its promoters. However, rating strengths are partially offset by AIPL’s exposure to
volatile raw material prices which impact profitability but the effect
moderated to same extent due to presence of price-variation clauses in the
contract. Business is active. Payments seems to be regular. 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 |
ICRA |
|
Rating |
Fund Based Limits (BBB-) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
02.01.2018 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-Fund Based Limits (A3) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
02.01.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 02.02.2018
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 PARTED BY
|
Name : |
Mr. Hrishit Mitra |
|
Designation : |
Marketing Department |
|
Contact No.: |
91- 8335047878 |
|
Date : |
01.02.2018 |
LOCATIONS
|
Registered / Head Office : |
1A, K.B.R. Complex, 4, HO-CHI-MINH, Sarani, Kolkata –
700071, West Bengal, India |
|
Tel. No.: |
91-33-22822518 / 2519 |
|
Mobile No.: |
91-8335047878 (Mr. Hrishit Mitra) |
|
Fax No.: |
91-33-22822517 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory 1 : |
Amta Road, Near Baltikuri Bazar, At Vivekanand Industrial Estate Entrance, Balitikuri, Howrah – 711113, West Bengal, India |
|
Tel. No.: |
91-33-26531275 / 4547 |
|
Fax No.: |
91-33-26532895 |
|
|
|
|
Factory 2 : |
Begri, Mouza, Baniara, Sankharaidha, P.S. Domjur, Howrah –
711411, West
Bengal, India |
|
Tel. No.: |
91-33-2670-0158/0117/0087 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Aditya Bagree |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
8/1/1B, Alipore Park Road, Alipore Circus Avenue, P.O - Alipore,
Kolkata – 700027, West Bengal, India |
||||||||||||||||||||
|
Date of Birth/Age : |
22.11.1970 |
||||||||||||||||||||
|
PAN No.: |
AECPB8698F |
||||||||||||||||||||
|
Qualification: |
GRADUATE |
||||||||||||||||||||
|
Date of Appointment : |
30.07.2007 |
||||||||||||||||||||
|
DIN No.: |
00022775 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Prem Ratan Bagree |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
8/1/1B, Alipore Park Road, Alipore Circus Avenue, P.O - Alipore,
Kolkata – 700027, West Bengal, India |
||||||||||||||||||||
|
Date of Birth/Age : |
25.04.1941 |
||||||||||||||||||||
|
Date of Appointment : |
13.10.1980 |
||||||||||||||||||||
|
PAN No.: |
AHEPB7485P |
||||||||||||||||||||
|
Qualification: |
GRADUATE |
||||||||||||||||||||
|
Voter ID No.: |
WB/23146/22140 |
||||||||||||||||||||
|
DIN No.: |
00878602 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Kamal Kumar Bagree |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
8/1/1B, Alipore Park Road, Alipore Circus Avenue, P.O - Alipore,
Kolkata – 700027, West Bengal, India |
||||||||||||||||||||
|
Date of Birth/Age : |
17.10.1957 |
||||||||||||||||||||
|
Date of Appointment : |
13.10.1980 |
||||||||||||||||||||
|
Voter ID No.: |
WB/23146/22146 |
||||||||||||||||||||
|
Qualification: |
GRADUATE |
||||||||||||||||||||
|
PAN No.: |
ADFPB4241E |
||||||||||||||||||||
|
DIN No.: |
00878626 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Rinku Gupta and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
Mercantile Building, 9/12, Lalbazar Street, Block E, 3rd Floor, Room No.7a, Kolkata – 700071, West Bengal, India |
|
Tel. No: |
91-9883046454 |
|
Email: |
|
|
|
|
|
Name : |
Mr. Hrishit Mitra |
|
Designation : |
Marketing Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
83.96 |
|
Promoters [Bodies
corporate] |
16.04 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20489226%2002-Feb-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, trader, supplier and exporter of electrical equipment’s, insulator hardware fittings, conductor and earth wire accessories and clamps and connectors, substation etc. [Registered activity and also confirmed by management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
African Countries |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C and Cheque |
||||
|
|
|
||||
|
Purchasing : |
L/C and Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers and End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Maheshwari and Associates Chartered Accountants |
|
Address : |
Geetanjali
Apartments, Flat No. 6A, 8B Middleton Street, Kolkata, West Bengal, India |
|
PAN No.: |
AAFFM3299L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises over which KMP and their relatives
have significant influence Company : |
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
454653 |
Equity Shares |
INR 100/- each |
INR 45.465 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 |
45.465 |
45.465 |
15.155 |
|
(b) Reserves and Surplus |
1173.620 |
1140.245 |
1016.285 |
|
(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) |
1219.085 |
1185.710 |
1031.440 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
47.212 |
61.067 |
58.251 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.207 |
0.992 |
1.536 |
|
Total Non-current
Liabilities (3) |
48.419 |
62.059 |
59.787 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
243.380 |
152.667 |
588.108 |
|
(b) Trade
payables |
63.857 |
110.268 |
131.201 |
|
(c) Other
current liabilities |
110.963 |
83.525 |
101.972 |
|
(d) Short-term
provisions |
0.039 |
0.033 |
0.230 |
|
Total Current
Liabilities (4) |
418.239 |
346.493 |
821.511 |
|
|
|
|
|
|
TOTAL |
1685.743 |
1594.262 |
1912.738 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
570.652 |
604.778 |
630.921 |
|
(ii)
Intangible Assets |
12.073 |
3.605 |
5.584 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.438 |
|
(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 loans and advances |
88.045 |
56.318 |
50.732 |
|
(e) Other
Non-current assets |
1.437 |
0.000 |
2.894 |
|
Total Non-Current
Assets |
672.207 |
664.701 |
690.569 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
454.640 |
332.181 |
483.017 |
|
(c) Trade
receivables |
431.083 |
503.798 |
595.654 |
|
(d) Cash and
bank balances |
1.369 |
5.550 |
21.878 |
|
(e)
Short-term loans and advances |
105.179 |
83.795 |
112.450 |
|
(f) Other current
assets |
21.265 |
4.237 |
9.170 |
|
Total
Current Assets |
1013.536 |
929.561 |
1222.169 |
|
|
|
|
|
|
TOTAL |
1685.743 |
1594.262 |
1912.738 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1083.874 |
1442.601 |
1963.320 |
|
|
Other Income |
7.495 |
21.186 |
40.150 |
|
|
TOTAL |
1091.369 |
1463.787 |
2003.470 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
651.413 |
609.804 |
1077.120 |
|
|
Purchases of
Stock-in-Trade |
69.886 |
8.553 |
21.118 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(86.758) |
100.354 |
(10.322) |
|
|
Employee benefit expense |
66.015 |
65.145 |
67.769 |
|
|
CSR expenditure |
0.376 |
0.215 |
0.000 |
|
|
Other expenses |
258.118 |
336.696 |
410.859 |
|
|
TOTAL |
959.050 |
1120.767 |
1566.544 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
132.319 |
343.020 |
436.926 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
51.243 |
68.528 |
114.250 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
81.076 |
274.492 |
322.676 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
47.071 |
41.174 |
42.485 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
34.005 |
233.318 |
280.191 |
|
|
|
|
|
|
|
Less |
TAX |
0.630 |
79.048 |
97.169 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
33.375 |
154.270 |
183.022 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
288.880 |
883.156 |
867.489 |
|
|
TOTAL EARNINGS |
288.880 |
883.156 |
867.489 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
1.465 |
0.000 |
|
|
Trading Goods |
0.494 |
0.000 |
0.000 |
|
|
Capital Goods |
0.000 |
0.052 |
0.000 |
|
|
TOTAL IMPORTS |
0.494 |
1.517 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
73.41 |
339.31 |
402.55 |
Expected Sales (2017-2018): INR 1200.000 Million (Due to Market
Fluctuation)
The above information has been parted by Mr. Hrishit Mitra (Marketing
Department)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
21.194 |
601.821 |
211.326 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(19.211) |
514.763 |
126.326 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
145.17 |
127.47 |
110.74 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
2.51 |
2.86 |
3.30 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors / Purchases * 365] |
|
32.31 |
65.09 |
43.60 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income / Inventories] |
|
0.29 |
1.03 |
0.90 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed Assets] |
|
0.23 |
0.56 |
0.69 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.25 |
0.22 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.20 |
0.13 |
0.57 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / NetWorth) |
|
0.34 |
0.29 |
0.80 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets / NetWorth) |
|
0.48 |
0.51 |
0.62 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial Charges] |
|
2.58 |
5.01 |
3.82 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
3.08 |
10.69 |
9.32 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets) * 100] |
(%) |
1.98 |
9.68 |
9.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth) * 100] |
(%) |
2.74 |
13.01 |
17.74 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
2.42 |
2.68 |
1.49 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories) / Current
Liabilities] |
|
1.34 |
1.72 |
0.90 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total Assets] |
|
0.72 |
0.74 |
0.54 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
5.35 |
3.36 |
38.81 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets / Total Current
Liabilities] |
|
2.42 |
2.68 |
1.49 |
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 |
15.155 |
45.465 |
45.465 |
|
Reserves & Surplus |
1016.285 |
1140.245 |
1173.620 |
|
Net
worth |
1031.440 |
1185.710 |
1219.085 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
588.108 |
152.667 |
243.380 |
|
Total
borrowings |
588.108 |
152.667 |
243.380 |
|
Debt/Equity
ratio |
0.570 |
0.129 |
0.200 |
%20PRIVATE%20LIMITED%20-%20489226%2002-Feb-2018_files/image022.gif)
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 |
1963.320 |
1442.601 |
1083.874 |
|
|
|
(26.522) |
(24.867) |
%20PRIVATE%20LIMITED%20-%20489226%2002-Feb-2018_files/image024.gif)
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 |
1963.320 |
1442.601 |
1083.874 |
|
Profit/ (Loss) |
183.022 |
154.270 |
33.375 |
|
|
9.32
% |
10.69
% |
3.08
% |
%20PRIVATE%20LIMITED%20-%20489226%2002-Feb-2018_files/image026.gif)
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) |
Yes |
|
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 two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
STATE OF COMPANY’S AFFAIRS
During the financial year, the company has achieved Net Profit of INR 33.375 million against net profit of INR 154.270 million of previous year.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Interoperate borrowings |
33.000 |
36.105 |
|
Total |
33.000 |
36.105 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C43564798 |
10548996 |
The Hongkong and Shanghai Banking Corporation Limited |
02/02/2015 |
- |
- |
5000000.0 |
Hongkong House, Credit Services, 31 B B D Bagh, Kolkata-700001, West Bengal, India |
|
2 |
C00928531 |
10311449 |
The Hongkong and Shanghai Banking Corporation Limited |
14/10/2011 |
19/03/2014 |
- |
371000000.0 |
Hongkong House, Credit Services, 31 B B D Bagh, Kolkata-700001, West Bengal, India |
|
3 |
C22874564 |
10270275 |
The Hongkong and Shanghai Banking Corporation Limited |
03/03/2011 |
17/09/2014 |
- |
300000000.0 |
Hongkong House, Credit Services, 31 B B D Bagh, Kolkata-700001, West Bengal, India |
|
4 |
C22136030 |
10062029 |
BANK OF BARODA |
25/06/2007 |
17/09/2014 |
- |
1262500000.0 |
Indian Exchange Place Branch, 4, Indian Exchange Place, Kolkata-700001, West Bengal, India |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
|
Bills Discounted |
26.808 |
|
Bank Guarantee |
454.925 |
|
Income Tax Matter |
20.799 |
|
Sales Tax |
6.857 |
|
Excise Duty |
1.725 |
FIXED ASSETS:
- Land
- Buildings
- Office building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor 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, India Prisons Service,
Interpol, etc.
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 63.61 |
|
UK Pound |
1 |
INR 90.18 |
|
Euro |
1 |
INR 78.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
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 |
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.