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|
MIRA INFORM REPORT
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Report No. : |
489554 |
|
Report Date : |
03.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
THE INDIAN EXPRESS PRIVATE LIMITED (w.e.f. 28.05.2015) |
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Formerly Known
As : |
THE INDIAN
EXPRESS LIMITED |
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Registered
Office : |
2nd Floor, Express Towers, Nariman Point, Mumbai - 400021,
Maharashtra |
|
Tel. No.: |
91-22-22022627/67440000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
05.11.2003 |
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Com. Reg. No.: |
11-142983 |
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Capital
Investment / Paid-up Capital : |
INR 166.000 Million |
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CIN No.: [Company Identification
No.] |
U22120MH2003PTC142983 U22120MH2003PLC142983 (Old) |
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IEC No.: |
Not Divulged |
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GSTIN/UIN: |
27AACCT1148F1ZK |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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TIN No: |
27060693077 |
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PAN No.: [Permanent Account No.] |
AACCT1148F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
It is engaged in business of Publishing of newspapers,
journals and periodicals and sale of advertising space in print media.
(Registered Activity) |
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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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a subsidiary of “Indian Express Holdings and Enterprises Private Limited”. The company was incorporated in the year 2003. It is engaged in publishers of any Newspaper, Journals, and Magazines, Books and Periodicals and Sale of Advertising space in Print Media. For the financial year 2017, the revenue of the company has decreased by 2.11% but has managed to maintain fair profile margin of 6.79%. The robust financial profile of the company is marked by healthy networth base along with strong debt coverage indicators due to low debt balance sheet profile. Rating takes into account of strong financial and managerial support that company receives from its holding entity backed by its well experienced management team. The company has a strong publication portfolio and leadership position of the Marathi publication, Loksatta, which provides opportunities for offering bundled products across editions and geographies. However, rating strengths are partially offset by unfavourable gap between trade payables and trade receivables. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loans= A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
09.03.2017 |
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Rating Agency Name |
ICRA |
|
Rating |
Non Found Based Limits = A1 |
|
Rating Explanation |
Very strong degree of safety and low credit
risk. |
|
Date |
09.03.2017 |
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 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 DENIED
Management Non-Cooperative (91-22-220226327/6740000)
LOCATIONS
|
Registered Office : |
2nd Floor, Express Towers, Nariman Point, Mumbai - 400021,
Maharashtra , India |
|
Tel. No.: |
91-22-22022627/67440000 |
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Fax No.: |
91-22-22022139 |
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E-Mail : |
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Website : |
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Corporate Office : |
The Express Building, B1/B, Sector 10, Noida - 201301, Uttar Pradesh,
India |
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Tel. No.: |
91-120-6651500 |
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Fax No.: |
91-120-4367933 |
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Branches : |
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DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Viveck Goenka |
|
Designation : |
Dhaiman cum Managing Director |
|
Address : |
Express Tower, Nariman Point, Mumbai - 400021, Maharashtra, India |
|
Date of Birth/Age : |
03.12.1957 |
|
Qualification : |
B.Tech |
|
Date of Appointment : |
05.01.2014 |
|
DIN No.: |
00015640 |
|
|
|
|
Name : |
Ms. Vaidehi Chintaman Thakar |
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Designation : |
Whole Time Director |
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Address : |
A-11, 1st Floor, Meherzin CHS 109 A, Wode House Road, Colaba, Mumbai-400005, Maharashtra, India |
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Date of Birth/Age : |
19.09.1962 |
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Qualification : |
LL.M |
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Date of Appointment : |
05.01.2014 |
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DIN No.: |
00015587 |
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|
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Name : |
Mr. Anant vivek goenka |
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Designation : |
Whole time director |
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Address : |
Pent House, Express Towers, Nariman Point, Mumbai - 400021, Maharashtra, India |
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Date of Birth/Age : |
19.08.1986 |
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Qualification : |
Master’s degree in Print Journalism |
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Date of Appointment : |
15.03.2013 |
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DIN No.: |
05277022 |
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|
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Name : |
Mr. George Varghese |
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Designation : |
Director |
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Address : |
Flat Nos. 2301 and 2302, 23rd Floor, Ashok Tower, Tower "B", Dr. Baba Saheb Ambedkar Road, Parel, Mumbai-400012, Maharashtra, India |
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Date of Birth/Age : |
18.03.1962 |
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Qualification : |
MBA degree from IMDR - Pune, Majoring in Marketing Sales Management |
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Date of Appointment : |
02.01.2014 |
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DIN No.: |
02236641 |
KEY EXECUTIVES
|
Name : |
Mrs. Monika Bansal |
|
Designation : |
Secretary |
|
Address : |
House No. 810, sector 21 C, Part II, Faridabad - 121001, Haryana,
India |
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Date of Birth/Age : |
21.01.1983 |
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Date of Appointment : |
18.07.2011 |
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PAN NO.: |
ALGPB8489B |
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|
|
|
Name : |
Mr. Amit Rattan |
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Designation : |
Chief Financial Officer |
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Address : |
C-42, Shyampark Extension, Sahibabad, Ghaziabad - 201005, Uttar Pradesh, India |
|
Date of Appointment : |
03.04.2015 |
|
PAN NO.: |
AFDPR5082D |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Indian Express Holding and Private Enterprises Limited |
8465991 |
|
Viveck Goenika and Anant Goenka |
6640000 |
|
Shekar Gupta and Neelam Goenka |
1494000 |
|
Vaidehi Thakar Nominee of Indian Express Holding and Private
Enterprises Limited (beneficial interest held by Indian Express Holding and
Private Enterprises Limited) |
1 |
|
Monika Bansal Nominee of Indian Express Holding and Private Enterprises Limited (beneficial interest held by Indian Express Holding and Private Enterprises Limited) |
1 |
|
Ms. Poorvi Kamani Nominee of Indian Express Holding and Private
Enterprises Limited (beneficial interest held by Indian Express Holding and
Private Enterprises Limited) |
1 |
|
Mr. George Varghese of Nominee of Indian Express Holding and Private
Enterprises Limited (beneficial interest held by Indian Express Holding and
Private Enterprises Limited) |
1 |
|
Vinayak Shete Nominee of Indian Express Holding and Private Enterprises
Limited (beneficial interest held by Indian Express Holding and Private
Enterprises Limited) |
1 |
|
S. Munnaram Prasad Nominee of Indian Express Holding and Private
Enterprises Limited (beneficial interest held by Indian Express Holding and
Private Enterprises Limited) |
1 |
|
Sandra Nazareth Nominee of Indian Express Holding and Private
Enterprises Limited (beneficial interest held by Indian Express Holding and
Private Enterprises Limited) |
1 |
|
Neeta Fichardo Nominee of Indian Express Holding and Private
Enterprises Limited (beneficial interest held by Indian Express Holding and
Private Enterprises Limited) |
1 |
|
Clarence Patrick Ferreira Nominee of Indian Express Holding and
Private Enterprises Limited (beneficial interest held by Indian Express
Holding and Private Enterprises Limited) |
1 |
|
Total |
16600000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 23.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
40.00 |
|
Promoters- Body corporate |
51.00 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
9.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
It is engaged in business of Publishing of newspapers,
journals and periodicals and sale of advertising space in print media. (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 : |
V. Sankar Aiyar and Company Chartered Accountant |
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Address : |
2-C, Court Chamber, 35, New Marine Lines, Mumbai - 400020,
Maharashtra, India |
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Tel.: |
91-22-22004465/22067440 |
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Fax No.: |
91-22-22000649 |
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E-mail: |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFV078ID |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company |
· Indian Express Holdings and Enterprises Private Limited (Former name:- Indian Express Holdings and Enterprises Limited) |
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Subsidiaries of the
company |
· The Indian Express Online Media Private Limited · The Indian Express Print Media Limited · NEWSchool Ventures Limited · Indian Express Property Private Limited |
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·
|
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Associate: |
· Jansatta Publications Private Limited · Indian Express Television Private Limited · I E Media Private Limited (formerly Indian Express Cable Services Private Limited) · Global Fairs & Media Private Limited |
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·
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Other related
parties: |
· IE online Media Services Private Limited (formerly Indian Express Business Publications Private Limited) · Indian Express Commercial Venture and Projects Limited (formerly Indian Express Audio-Visual Private Limited) |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000000 |
Equity Shares |
INR 10/- each |
INR 180.000 Million |
|
|
|
|
|
Issued Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17390933 |
Equity Shares |
INR 10/- each |
INR 173.909 Million |
|
|
|
|
|
Subscribed &
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16600000 |
Equity Shares |
INR 10/-
each |
INR 166.000
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 |
166.000 |
166.000 |
166.000 |
|
(b) Reserves &
Surplus |
3184.070 |
2886.801 |
2482.960 |
|
(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) |
3350.070 |
3052.801 |
2648.960 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
7.707 |
27.291 |
|
(b) Deferred tax liabilities
(Net) |
147.386 |
131.523 |
0.000 |
|
(c) Other long term
liabilities |
60.194 |
59.694 |
55.785 |
|
(d) long-term provisions |
141.552 |
142.356 |
146.193 |
|
Total Non-current
Liabilities (3) |
349.132 |
341.280 |
229.269 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
290.185 |
176.239 |
259.348 |
|
(b) Trade payables |
162.507 |
157.257 |
134.040 |
|
(c) Other current
liabilities |
354.050 |
417.709 |
634.788 |
|
(d) Short-term provisions |
64.981 |
66.247 |
68.764 |
|
Total Current Liabilities
(4) |
871.723 |
817.452 |
1096.940 |
|
|
|
|
|
|
TOTAL |
4570.925 |
4211.533 |
3975.169 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2205.026 |
1942.002 |
1851.661 |
|
(ii) Intangible Assets |
21.048 |
23.056 |
27.189 |
|
(iii) Capital
work-in-progress |
9.814 |
0.000 |
57.141 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
340.711 |
70.804 |
106.693 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
126.147 |
156.858 |
83.401 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2702.746 |
2192.720 |
2126.085 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
111.554 |
81.821 |
0.000 |
|
(b) Inventories |
211.067 |
112.321 |
151.064 |
|
(c) Trade receivables |
1009.347 |
928.729 |
920.772 |
|
(d) Cash and cash equivalents |
386.709 |
741.550 |
611.545 |
|
(e) Short-term loans and
advances |
149.502 |
154.392 |
165.703 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1868.179 |
2018.813 |
1849.084 |
|
|
|
|
|
|
TOTAL |
4570.925 |
4211.533 |
3975.169 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
4376.319 |
4471.096 |
4143.285 |
|
|
Other Income |
77.014 |
57.137 |
27.341 |
|
|
TOTAL |
4453.333 |
4528.233 |
4170.626 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1024.075 |
958.349 |
1057.445 |
|
|
Employees benefits
expense |
1484.212 |
1406.135 |
1518.526 |
|
|
CSR expenses |
4.273 |
0.000 |
0.000 |
|
|
Exceptional items |
0.000 |
0.000 |
(410.065) |
|
|
Other expenses |
1353.942 |
1482.698 |
1275.747 |
|
|
TOTAL |
3866.502 |
3847.182 |
3441.653 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
586.831 |
681.051 |
728.973 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
3.310 |
37.543 |
57.888 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
583.521 |
643.508 |
671.085 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
158.686 |
147.418 |
152.419 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
424.835 |
496.090 |
518.666 |
|
|
|
|
|
|
|
Less |
TAX |
127.567 |
92.248 |
65.158 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
297.268 |
403.842 |
453.508 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
914.128 |
718.742 |
733.403 |
|
|
Components and Stores
parts |
0.202 |
0.262 |
0.194 |
|
|
TOTAL IMPORTS |
914.330 |
719.004 |
733.597 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
17.91 |
24.33 |
27.32 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
10.169 |
24.000 |
151.807 |
|
Cash generated from operations |
332.196 |
720.125 |
455.127 |
|
Net cash flows from (used in) operations |
266.496 |
629.425 |
430.127 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
84.18 |
75.82 |
81.11 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.34 |
4.81 |
4.50 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
57.92 |
59.89 |
46.27 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.78 |
6.06 |
4.83 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.26 |
0.35 |
0.38 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.19 |
0.20 |
0.32 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.09 |
0.07 |
0.17 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.26 |
0.27 |
0.41 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.67 |
0.64 |
0.73 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
177.29 |
18.14 |
12.59 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.79 |
9.03 |
10.95 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.50 |
9.59 |
11.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.87 |
13.23 |
17.12 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.14 |
2.47 |
1.69 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.90 |
2.33 |
1.55 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.73 |
0.72 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.81 |
1.25 |
2.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.14 |
2.47 |
1.69 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
166.000 |
166.000 |
166.000 |
|
Reserves & Surplus |
2482.960 |
2886.801 |
3184.070 |
|
Net worth |
2648.960 |
3052.801 |
3350.070 |
|
|
|
|
|
|
long-term borrowings |
27.291 |
7.707 |
0.000 |
|
Short term borrowings |
259.348 |
176.239 |
290.185 |
|
Current Maturities of
Long term debt |
151.807 |
24.000 |
10.169 |
|
Total borrowings |
438.446 |
207.946 |
300.354 |
|
Debt/Equity ratio |
0.166 |
0.068 |
0.090 |
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 |
4143.285 |
4471.096 |
4376.319 |
|
|
|
7.912 |
(2.120) |
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 |
4143.285 |
4471.096 |
4376.319 |
|
Profit/(Loss) |
453.508 |
403.842 |
297.268 |
|
|
10.95% |
9.03% |
6.79% |
LEGAL CASE
|
LITIGATION DETAILS |
||||||||
|
Bench:- Bombay |
||||||||
|
Presentation Date:- 28.04.2016 |
||||||||
|
Lodging No. : |
CHSL/1125/2016 |
Failing Date:- |
28.04.2016 |
Reg. No.:- |
CHSCD/66/2016 |
Reg. No.:- |
10.08.2016 |
|
|
Petitioner:- |
H AND FS INDIA PVT.LTD |
Respondent:- |
THE INDIAN EXPRESS LIMITED AND ORS, |
|||||
|
Petn.Adv:- |
HEMANT P.INGLE (0) |
Resp. Adv.: |
COMS/94/2012 |
|||||
|
District:- |
MUMBAI |
|||||||
|
Bench:- |
SINGLE |
|||||||
|
Status:- |
Pre-Admission |
|||||||
|
Next Date:- |
18.12.2017 |
Stage:- CHAMBER SUMMONS FOR HEARING (ORIGINAL SIDE MATTERS) |
||||||
|
Coram:- |
HON,BLE SHRI JUSTICE S.C. GUPTE |
|||||||
|
Last Date:- |
Stage:- |
|||||||
|
Last Coram:- |
-- |
|||||||
|
Act. : |
CODE OF CIVIL PROCEDURE 1908 |
|||||||
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 |
Yes |
|
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 |
Brief description of
the Company’s working during the year
During the year total income (at INR 4453.333 Million) has decreased by 1.65% (Previous year INR 4528.233 Million). The total expenses (at INR 4028.497 Million) have decreased by 0.09% (Previous year INR 4032.144 Million). During the year under review, the Earning per equity share is INR17.91. The Company continues to focus on the effective and efficient utilization of the resources, cost control and waste reduction to improve future prospects of the Company.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G71727184 |
10482105 |
07/03/2014 |
01/11/2017 |
- |
350000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIADR. A. B ROAD, WORLIMUMBAIMH400018IN |
|
|
2 |
C07149818 |
10168627 |
25/06/2009 |
09/05/2014 |
- |
600000000.0 |
J.K. SOMANI BLDG.,BRITISH HOTEL LANE, FORTMUMBAIMH400023IN |
|
|
3 |
G51422244 |
10525639 |
26/09/2014 |
- |
21/08/2017 |
250000000.0 |
J.K. SOMANI BLDG.BRITISH HOTEL LANE, FORTMUMBAIMH400023IN |
|
|
4 |
C63624035 |
10399718 |
28/12/2012 |
- |
13/08/2015 |
400000000.0 |
106-109, ANSAL TOWER, 1ST FLOOR,38, NEHRU PLACENEW DELHIDL110019IN |
|
|
5 |
C60621323 |
10391571 |
06/07/2012 |
09/05/2014 |
24/07/2015 |
187824921.0 |
J.K. SOMANI BLDG.,BRITISH HOTEL LANE, FORTMUMBAIMH400023IN |
|
|
6 |
C60622461 |
10391573 |
06/07/2012 |
09/05/2014 |
24/07/2015 |
62238389.0 |
J.K. SOMANI BLDG.BRITISH HOTEL LANE, FORTMUMBAIMH400023IN |
|
|
7 |
C59626325 |
10532321 |
20/11/2014 |
- |
06/07/2015 |
50000000.0 |
LARGE CORPORATE BRANCH1P18/90 CONNAUGHT PLACENEWDELHIDL110001IN |
|
|
8 |
C55837595 |
10379535 |
12/09/2012 |
09/05/2014 |
11/06/2015 |
78800000.0 |
J.K. SOMANI BLDG.BRITISH HOTEL LANE, FORTMUMBAIMH400023IN |
|
|
9 |
C55839427 |
10257355 |
08/11/2010 |
09/05/2014 |
11/06/2015 |
150000000.0 |
J.K. SOMANI BLDG.,BRITISH HOTEL LANE, FORTMUMBAIMH400023IN |
|
|
10 |
C07557309 |
10214138 |
31/03/2010 |
- |
24/06/2014 |
160000000.0 |
J.K. SOMANI BLDG.,BRITISH HOTEL LANE, FORTMUMBAIMH400023IN |
FIXED ASSETS
- Land
- Building
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipments
- Computer equipments
- 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 64.07 |
|
|
1 |
INR 91.33 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKTS |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.