|
|
|
MIRA INFORM REPORT
|
Report No. : |
490068 |
|
Report Date : |
10.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAFE INSULATION TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
156, DSIDC, Ohkla Industrial Area, Phase - I, New Delhi - 110020 |
|
Tel. No.: |
91-11-41613273 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.07.1997 |
|
|
|
|
Com. Reg. No.: |
55-088748 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 2.498 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1997PTC088748 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS6461N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Insulating Varnishes, Mica Binder,
Alkyide Vineyl and Paints (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 45000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1997 and it is having moderate track records. For the financial year 2017, the company has marginally increased its revenue from operations as compared to previous year but maintained minimal profitability margin of 0.56%. Rating takes into consideration moderate financial risk profile of the company along low liquidity position. Further, rating constrained on account of modest scale of business operation as well as continuously declined in the profitability, low and volatile profitability margins inherent risk associated with business operation, low earnings per share during the year and intense competition from industry. However, rating weakness is partially offset by capable networth base of the company. Trade relations are reported as fair. Business is active. Payments terms are seem to be slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution. |
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 10.02.2018
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 BY
|
Name : |
Not Divulged |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9810166031 |
|
Date : |
05.02.2018 |
Tel No.: 91-11-41613271 (Continuously Ringing)
LOCATIONS
|
Registered Office : |
156, DSIDC, Ohkla Industrial Area, Phase - I, New Delhi - 110020 |
|
Tel. No.: |
91-11-41613270/ 71/ 41613172 |
|
Mobile No.: |
91-9810881689 (Mr. Sunil K. Verma) |
|
Fax No.: |
91-11-41613273 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sunil Kumar Verma |
|
Designation : |
Director |
|
Address : |
68, Pocket-A, Sarita Vihar, New Delhi – 110076, India |
|
Date of Appointment : |
28.07.1997 |
|
DIN No : |
00346995 |
|
|
|
|
Name : |
Mr. Naresh Singh Chauhan |
|
Designation : |
Director |
|
Address : |
B-66, Sector-23, Noida, Gautam Budh Nagar, Noida – 201301, Uttar Pradesh, India |
|
Date of Appointment : |
17.06.2011 |
|
DIN No : |
03552796 |
|
|
|
|
Name : |
Mr. Dhruv Kumar Singh |
|
Designation : |
Director |
|
Address : |
5/78 Rajendra Nagar, Sector-5, Block-5, Ghaziabad – 201001, , Uttar Pradesh, India |
|
Date of Appointment : |
25.02.2015 |
|
DIN No : |
06771622 |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Aakansha Verma |
|
2000 |
|
Aditi Sachdeva |
|
2000 |
|
Aakash Sachdeva |
|
2000 |
|
Davisha Verma |
|
2000 |
|
Har Bhagwan dawra |
|
600 |
|
Kalpana Singh |
|
82900 |
|
Safe System India Private Limited |
|
37500 |
|
Renu verma |
|
17050 |
|
Savita Sachdeva |
|
500 |
|
Sawraj Dawra |
|
500 |
|
Sunil Kumar Verma |
|
43100 |
|
Tilak Raj Sachdeva |
|
59650 |
|
Total |
|
249800 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
84.99 |
|
Promoters (Body corporate) |
15.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Insulating Varnishes, Mica
Binder, Alkyide Vineyl and Paints (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
|
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 : |
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Auditors : |
|
|
Name : |
Krishna Neeraj and Associates Chartered Accountants |
|
Address : |
H.O. 54, Rajendra Bhawan, Rajendra Place, New Delhi – 110008, India |
|
Tel. No.: |
91-11-47980045 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AALFK3149B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
·
IC Electricals Company Private Limited (CIN -
U31909DL2005PTC139412) · Safe System
India Private Limited (CIN - U74899DL1994PTC057033) |
|
|
|
|
Related Party : |
·
Safe Coil India Private Limited |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 10/- each |
INR 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
249800 |
Equity Shares |
INR 10/- each |
INR 2.498 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.498 |
2.498 |
2.498 |
|
(b) Reserves & Surplus |
13.340 |
13.253 |
13.303 |
|
(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 |
15.838 |
15.751 |
15.801 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.074 |
1.184 |
2.419 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
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 |
1.074 |
1.184 |
2.419 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
3.994 |
2.885 |
2.939 |
|
(b) Trade payables |
1.768 |
1.045 |
1.543 |
|
(c) Other current liabilities |
0.669 |
0.609 |
0.922 |
|
(d) Short-term provisions |
0.042 |
0.069 |
0.042 |
|
Total
Current Liabilities |
6.473 |
4.608 |
5.446 |
|
|
|
|
|
|
TOTAL |
23.385 |
21.543 |
23.666 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9.012 |
9.388 |
9.036 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.812 |
0.916 |
0.927 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
9.824 |
10.304 |
9.963 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
3.375 |
3.375 |
3.375 |
|
(b) Inventories |
3.316 |
2.122 |
2.275 |
|
(c) Trade receivables |
4.630 |
3.091 |
5.630 |
|
(d) Cash and cash equivalents |
0.234 |
0.148 |
0.169 |
|
(e) Short-term loans and
advances |
1.636 |
2.196 |
2.018 |
|
(f) Other current assets |
0.370 |
0.307 |
0.236 |
|
Total
Current Assets |
13.561 |
11.239 |
13.703 |
|
|
|
|
|
|
TOTAL |
23.385 |
21.543 |
23.666 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
12.775 |
11.972 |
14.183 |
|
|
Other Income |
0.000 |
0.194 |
0.642 |
|
|
TOTAL
|
12.775 |
12.166 |
14.825 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
7.087 |
5.414 |
7.346 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(1.194) |
0.153 |
0.494 |
|
|
Employees benefits expense |
3.039 |
2.661 |
2.395 |
|
|
Other expenses |
2.626 |
2.476 |
3.118 |
|
|
TOTAL |
11.558 |
10.704 |
13.353 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1.217 |
1.462 |
1.472 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.616 |
0.510 |
0.496 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.601 |
0.952 |
0.976 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.383 |
0.682 |
0.759 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
0.218 |
0.270 |
0.217 |
|
|
|
|
|
|
|
Less |
TAX |
0.146 |
0.081 |
0.052 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.072 |
0.189 |
0.165 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
0.072 |
0.189 |
0.165 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1.442 |
0.848 |
0.875 |
|
|
TOTAL
IMPORTS |
1.442 |
0.848 |
0.875 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
0.29 |
0.76 |
0.66 |
CURRENT
MATURITIES OF LONG TERM DEBT
|
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 |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
132.29 |
94.24 |
144.89 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.76 |
3.87 |
2.52 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
91.06 |
70.45 |
76.67 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.37 |
0.69 |
0.65 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.14 |
0.16 |
0.16 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.32 |
0.27 |
0.33 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.32 |
0.26 |
0.34 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.41 |
0.29 |
0.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.57 |
0.60 |
0.57 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.98 |
2.87 |
2.97 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.56 |
1.58 |
1.16 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.31 |
0.88 |
0.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
0.45 |
1.20 |
1.04 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.10 |
2.44 |
2.52 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.58 |
1.98 |
2.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.68 |
0.73 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.03 |
1.63 |
2.14 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.10 |
2.44 |
2.52 |
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 |
2.498 |
2.498 |
2.498 |
|
Reserves & Surplus |
13.303 |
13.253 |
13.340 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
15.801 |
15.751 |
15.838 |
|
|
|
|
|
|
long-term borrowings |
2.419 |
1.184 |
1.074 |
|
Short term borrowings |
2.939 |
2.885 |
3.994 |
|
Total
borrowings |
5.358 |
4.069 |
5.068 |
|
Debt/Equity
ratio |
0.339 |
0.258 |
0.320 |
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 |
14.183 |
11.972 |
12.775 |
|
|
|
(15.589) |
6.707 |
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 |
14.183 |
11.972 |
12.775 |
|
Profit |
0.165 |
0.189 |
0.072 |
|
|
1.16% |
1.58% |
0.56% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.498 |
2.498 |
|
(b) Reserves & Surplus |
|
57.384 |
52.121 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds |
|
59.882 |
54.619 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1.074 |
1.184 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities |
|
1.074 |
1.184 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
3.994 |
2.885 |
|
(b) Trade payables |
|
1.768 |
1.045 |
|
(c) Other current liabilities |
|
0.669 |
0.609 |
|
(d) Short-term provisions |
|
0.042 |
0.069 |
|
Total
Current Liabilities |
|
6.473 |
4.608 |
|
|
|
|
|
|
TOTAL |
|
67.429 |
60.411 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
9.012 |
9.388 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
47.420 |
42.243 |
|
(c) Deferred tax assets (net) |
|
0.811 |
0.916 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
57.243 |
52.547 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
3.316 |
2.122 |
|
(c) Trade receivables |
|
4.630 |
3.091 |
|
(d) Cash and cash equivalents |
|
0.234 |
0.148 |
|
(e) Short-term loans and
advances |
|
1.636 |
2.196 |
|
(f) Other current assets |
|
0.370 |
0.307 |
|
Total
Current Assets |
|
10.186 |
7.864 |
|
|
|
|
|
|
TOTAL |
|
67.429 |
60.411 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
12.775 |
11.972 |
|
|
Other Income |
|
0.000 |
0.194 |
|
|
TOTAL
|
|
12.775 |
12.166 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
7.087 |
5.414 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(1.194) |
0.153 |
|
|
Employees benefits expense |
|
3.039 |
2.661 |
|
|
Other expenses |
|
2.626 |
2.476 |
|
|
TOTAL |
|
11.558 |
10.704 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
1.217 |
1.462 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.616 |
0.510 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.601 |
0.952 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
0.383 |
0.682 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
0.218 |
0.270 |
|
|
|
|
|
|
|
Less |
TAX |
|
0.146 |
0.081 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
0.072 |
0.189 |
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 |
No |
|
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 |
No |
|
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 |
No |
|
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
- Revenue from operation for the current
year is INR 12.775 Million as compared to INR 11.972 million in previous
year. It has been increased by INR 0.803 Million.
- Net profit for the year current year is
INR 0.072 as compared to INR 0.189 million in the previous year. It has
been reduced by INR 0.117 Million.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
0.200 |
0.200 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demands from Bank |
2.690 |
2.885 |
|
Loan from others |
1.304 |
0.000 |
|
Total |
4.194 |
3.085 |
INDEX
OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C81530727 |
10625494 |
PUNJAB NATIONAL BANK |
03/02/2016 |
- |
- |
25000000.0 |
CHIRAJ DELHISHEIKH SARAINEW DELHIDL110017IN |
|
2 |
C78025574 |
10618025 |
PUNJAB NATIONAL BANK |
09/12/2015 |
- |
- |
1000000.0 |
TRIVENI COMPLEX CHIRAG DELHI, SEIKH SARAIPHASE-1DELHIDL110017IN |
|
3 |
B88554290 |
10457619 |
PUNJAB NATIONAL BANK |
25/10/2013 |
- |
- |
17474000.0 |
TRIVENI COMPLEX, SHEIKH SARAICHIRAG DELHI, PHASE-INEW DELHIDL110017IN |
|
4 |
B88563903 |
10457641 |
PUNJAB NATIONAL BANK |
25/10/2013 |
- |
- |
4300000.0 |
TRIVENI COMPLEX, SHEIKH SARAICHIRAG DELHI, PHASE-INEW DELHIDL110017IN |
|
5 |
G36383065 |
10457639 |
PUNJAB NATIONAL BANK |
25/10/2013 |
02/01/2017 |
- |
215000000.0 |
TRIVENI COMPLEX, CHIRAG DELHISHEIKH SARAI, PHASE-1NEW DELHIDL110017IN |
|
6 |
C19340363 |
10474005 |
PUNJAB NATIONAL BANK |
31/12/2013 |
- |
06/09/2014 |
25000000.0 |
TRIVENI COMPLEXCHIRAG DELHI, SHEIKH SARAINEW DELHIDL110017IN |
|
7 |
B93848505 |
10027691 |
PUNJAB NATIONAL BANK |
19/10/2006 |
- |
13/01/2014 |
790000.0 |
TRIVENI COMPLEXCHIRAG DELHI NEW DELHIDL110017IN |
|
8 |
B93783660 |
10027767 |
PUNJAB NATIONAL BANK |
26/10/2006 |
- |
13/01/2014 |
684000.0 |
TRIVENI COMPLEXCHIRAG DELHINEW DELHIDL110017IN |
|
9 |
B89995724 |
10412513 |
PUNJAB NATIONAL BANK |
15/02/2013 |
- |
13/11/2013 |
20000000.0 |
TRIVENI COMPLEX, SHEIKH SARAI PHASE-1KALKA JINEW DELHIDL110017IN |
|
10 |
B87026654 |
10142761 |
PUNJAB NATIONAL BANK |
11/02/2009 |
12/09/2011 |
03/10/2013 |
164093000.0 |
TRIVENI COMPLEX, SHEIKH SARAICHIRAG DELHI, PHASE-INEW DELHIDL110017IN |
FIXED ASSETS
- Land
- Building
- Plant and
Machinery
- Furniture and
Fixture
- Lab
Instrument
- Electrical
Installation
- Office
Equipment
- Cycle
- Motor Car
- Land
- Computer
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 64.36 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
TRUP |
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.