|
|
|
MIRA INFORM REPORT
|
Report No. : |
490153 |
|
Report Date : |
03.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SPG MACROCOSM LIMITED (w.e.f. 14.03.2013) |
|
|
|
|
Formerly Known
As : |
SPG PETROLEUM LIMITED (w.e.f. 23.06.2004) SHALE.OIL EXIM LIMITED (w.e.f.01.04.2002) CONFIDENCE CAPITAL LIMITED |
|
|
|
|
Registered
Office : |
89, M. G. Marg, Sendhwa, Barwani – 451666, Madhya Pradesh |
|
Tel. No.: |
91-22-61340923 / 61340914 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
08.03.1995 |
|
|
|
|
Com. Reg. No.: |
10-023447 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 4.550 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120MP1995PLC023447 |
|
|
|
|
IEC No.: |
0301036624 |
|
|
|
|
TIN/CST No.: |
27070745694 |
|
|
|
|
GSTIN : |
27AAICS6195F1ZY |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS6195F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject
is involved in trading activity of multiple products like iron steels, coal,
fabrics etc. (Registered activity and also confirmed by management) |
|
|
|
|
No. of Employees
: |
12 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1995 and it is a trader of iron steels, coal, fabrics etc. As per financial of March 2017, the company has registered a growth of 63.74% growth in its revenue as compared to previous year and reported minimal profit margin of 0.26%. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with average debt coverage indicators and decent liquidity position. Further, the company has reported a good earnings per share of INR 18.60 against its face value of INR 10. However, the rating strength is partially offset by the low profitability indicators that are inherent in the trading nature of business due to low value-addition. Payments are reported to be usually correct. In view of aforesaid, the company can be taken into consideration for business dealing 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 03.02.2018
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. Gaurav Satyanarayan Agrawal |
|
Designation : |
Director |
|
Contact No.: |
91-8793214715 |
LOCATIONS
|
Registered Office : |
89, M. G. Marg, Sendhwa, Barwani – 451666, Madhya Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8793214715 [Mr. Gaurav Satyanarayan Agrawal] 91-7208077789 [Mr. Kuldeep Kulriya] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Residential |
|
|
|
|
Corporate Office 1 : |
Shop No. 1, Pratibha Building, R. B. Mehta Marg, Near Canara Bank,
Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Tel. No.: |
91-22-61340923 |
|
Area : |
500 Sq. ft. (Approximately) |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office 2 : |
Unit No.1207, B-Wing, One BKC, Plot No. C-66, Bandra Kurla Complex,
Bandra (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-61340900 |
|
Area : |
2000 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse 1 : |
BB, Gala No. 7, Ground Floor, Parasnath Complex, Aniurphata Road,
Owali Village, Bhiwandi, Thane – 421302, Maharashtra, India |
|
Area : |
1275 sq. ft. (Approximately) |
|
Location : |
Rented |
|
Locality : |
Industrial |
|
|
|
|
Warehouse 2 : |
Panvel, Raigad -410206, Maharashtra, India |
|
|
|
|
Branch Office 1: |
Gandhinagar, Kutch – 370201, Gujarat, India |
|
|
|
|
Branch Office 2: |
Shop No. 16, Manali Tower, Plot No. 110, Sector – 8, Behind Oslo Cinema, Gandhidham – 370201, Gujarat, India |
DIRECTORS
As on 2017
|
Name : |
Mr. Madanlal Goyal |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
89, M.G. Marg, Sendhwa, Barwani – 451666, Madhya Pradesh, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.01.1947 |
||||||||||||||||||||||||||||
|
Qualification: |
B.Com |
||||||||||||||||||||||||||||
|
Experience: |
40 Years |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.02.2009 |
||||||||||||||||||||||||||||
|
DIN No.: |
00456394 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Hari Prasad Agrawal |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
408, Indrapuri Anish Heritage, F No. 203, Indore – 452025, Madhya
Pradesh, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.04.1966 |
||||||||||||||||||||||||||||
|
Qualification: |
B.Com |
||||||||||||||||||||||||||||
|
Experience: |
25 Years |
||||||||||||||||||||||||||||
|
Date of Appointment : |
08.12.2003 |
||||||||||||||||||||||||||||
|
DIN No.: |
02476724 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Gaurav Satyanarayan Agrawal |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
A/P Bhavasar Gali, Chopda, Jalgaon – 425107, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.12.1992 |
||||||||||||||||||||||||||||
|
Qualification: |
M.Com |
||||||||||||||||||||||||||||
|
Experience: |
05 Years |
||||||||||||||||||||||||||||
|
Date of Appointment : |
24.09.2017 |
||||||||||||||||||||||||||||
|
DIN No.: |
07686574 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Kuldeep Kulriya |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
SPG Ventures Private Limited, India |
|
350000 |
|
Madanlal Goyal |
|
45000 |
|
Shaily Prince Goyal |
|
5100 |
|
Hari Prasad Agarwal |
|
200 |
|
Ajay Agarwal |
|
21500 |
|
Deepak Agarwal |
|
100 |
|
Sunil Agarwal |
|
100 |
|
Puspadevi Agarwal |
|
33000 |
|
Total |
|
455000 |
Equity Share Break up (Percentage of Total Equity)
As on 24.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
11.05494505 |
|
Promoters (Body corporate) |
76.92307692 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
12.02197802 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
involved in trading activity of multiple products like iron steels, coal,
fabrics etc. (Registered activity and also confirmed by management) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
|||||
|
Selling : |
Cash, L/C and Credit (30/60/90 Days) |
||||
|
|
|||||
|
Purchasing : |
Cash, L/C and Credit (30/60/90 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
12 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
G. M. Purohit and Company Chartered Accountants |
|
Address : |
212, 213, Tapo Commercial Centre, Ram Mandir Road, Opposite Movie
Star, Goregaon (West), Mumbai – 400104, Maharashtra, India |
|
Mobile No.: |
91-9820235487 |
|
Fax No.: |
91-22-66959607/66959608 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AADPP8920F |
|
Memberships No.: |
031338 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
SPG Ventures Private Limited CIN No.: U70100MH2010PTC200592 |
CAPITAL STRUCTURE
As on 24.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
455000 |
Equity Shares |
INR 10/- each |
INR 4.550 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
4.550 |
4.550 |
4.550 |
|
(b) Reserves & Surplus |
22.772 |
14.308 |
9.291 |
|
(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) |
27.322 |
18.858 |
13.841 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
206.000 |
192.500 |
31.447 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.011 |
0.000 |
|
(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) |
206.000 |
192.511 |
31.447 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
50.304 |
50.198 |
0.000 |
|
(b) Trade payables |
0.497 |
172.906 |
387.571 |
|
(c) Other current liabilities |
1.174 |
0.304 |
0.094 |
|
(d) Short-term provisions |
4.365 |
2.682 |
0.374 |
|
Total
Current Liabilities (4) |
56.340 |
226.090 |
388.039 |
|
|
|
|
|
|
TOTAL |
289.662 |
437.459 |
433.327 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.428 |
0.107 |
0.000 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.001 |
0.001 |
0.000 |
|
(c) Deferred tax assets (net) |
0.030 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
74.337 |
9.740 |
12.638 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
75.796 |
9.848 |
12.638 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
38.278 |
32.208 |
15.887 |
|
(c) Trade receivables |
118.116 |
330.135 |
400.549 |
|
(d) Cash and cash equivalents |
56.636 |
64.617 |
3.453 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
0.836 |
0.651 |
0.800 |
|
Total
Current Assets |
213.866 |
427.611 |
420.689 |
|
|
|
|
|
|
TOTAL |
289.662 |
437.459 |
433.327 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3290.010 |
2009.283 |
667.802 |
|
|
Other Income |
3.720 |
0.484 |
15.887 |
|
|
TOTAL
|
3293.730 |
2009.767 |
683.689 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
3277.240 |
2014.955 |
679.530 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(6.070) |
(16.321) |
0.000 |
|
|
Employees benefits expense |
0.714 |
0.769 |
0.720 |
|
|
Other expenses |
1.586 |
2.116 |
1.989 |
|
|
TOTAL |
3273.470 |
2001.519 |
682.239 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
20.260 |
8.248 |
1.450 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.398 |
0.504 |
0.726 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
12.862 |
7.744 |
0.724 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.440 |
0.071 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
12.422 |
7.673 |
0.724 |
|
|
|
|
|
|
|
Less |
TAX |
3.958 |
2.655 |
0.251 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
8.464 |
5.018 |
0.473 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
18.6 |
11.03 |
1.04 |
Expected Sales (2017-2018): INR 3350.000 Million (Due to Business
Growth)
The above information has been parted by Mr. Gaurav Satyanarayan Agrawal
(Director)
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 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
56.274 |
(99.460) |
(9.604) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
13.10 |
59.97 |
218.93 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
27.85 |
6.09 |
1.67 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.06 |
31.32 |
208.18 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.53 |
0.26 |
0.09 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
14.19 |
77.08 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.91 |
0.96 |
0.97 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
9.38 |
12.87 |
2.27 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
2.06 |
11.99 |
28.04 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.05 |
0.01 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.74 |
16.37 |
2.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.26 |
0.25 |
0.07 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.92 |
1.15 |
0.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
30.98 |
26.61 |
3.42 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
3.80 |
1.89 |
1.08 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
3.12 |
1.75 |
1.04 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.09 |
0.04 |
0.03 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
56.33 |
53.34 |
6.91 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
3.80 |
1.89 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
4.550 |
4.550 |
4.550 |
|
Reserves & Surplus |
9.291 |
14.308 |
22.772 |
|
Net
worth |
13.841 |
18.858 |
27.322 |
|
|
|
|
|
|
long-term borrowings |
31.447 |
192.500 |
206.000 |
|
Short term borrowings |
0.000 |
50.198 |
50.304 |
|
Total
borrowings |
31.447 |
242.698 |
256.304 |
|
Debt/Equity
ratio |
2.272 |
12.870 |
9.381 |
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 |
667.802 |
2009.283 |
3290.010 |
|
|
|
200.880 |
63.740 |
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 |
667.802 |
2009.283 |
3290.010 |
|
Profit |
0.473 |
5.018 |
8.464 |
|
|
0.07% |
0.25% |
0.26% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
Yes |
|
19] |
Major customers |
Yes |
|
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 three years |
Yes |
|
27] |
Reasons for variation <> 20% |
Yes |
|
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 |
NOTE: Registered office of the company has been
shifted from G-2, Prabha Canara Bank, Building Ground B, Mehta Marg, Ghatkopar,
Mumbai, Maharashtra, India to the present
address w.e.f. 11.02.2010.
BUSINESS PERFORMANCE
During the year the Company has earned a net profit of INR 8.464 million as compared to INR 5.018 Million in previous year. The operational revenue of the Company has increased to INR 3290.010 Million compared to INR 2009.283 Million in previous year.
STATE OF AFFAIRS OF
THE COMPANY
The company is involved in trading activity of multiple product like iron steels, coal etc and our objective is to become one of the leading market stake holder in trading business.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate borrowings |
206.000 |
0.000 |
|
Other loans and advances |
0.000 |
192.500 |
|
Total |
206.000 |
192.500 |
INDEX
OF CHARGES: NO CHARGES EXISTS FOR COMPANY
FIXED ASSETS
- Computer equipment’s
- Vehicles
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 63.39 |
|
UK Pound |
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Information Gathered
by : |
SHW |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RKI |
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.
·