|
|
|
MIRA
INFORM REPORT
|
Report No. : |
491675 |
|
Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
KAY INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
205-206, Lusa Tower, Azadpur, New Delhi - 110033 |
|
Mobile No.: |
91-8572899502 (Mr. L.C. Khilrani) |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
12.06.1978 |
|
|
|
|
Com. Reg. No.: |
55-009057 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 13.678 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28939DL1978PLC009057 |
|
|
|
|
IEC No.: |
0588087173 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK1928L |
|
|
|
|
GSTIN/UIN : |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of twin rotary blowers and polymers. (Registered
Activity) |
|
|
|
|
No. of Employees
: |
Information declined 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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1978. It is a manufacturer of
twin rotary blowers and polymers. Management has not filed its financial record with government
department for the year 2017 and same are not available from any other
sources. For the financial year ended 2016, the company has reported a decline
in its revenue as compared to the previous year but it has managed to maintain
average net profit margin of 3.68%. The overall financial position of the company seems to be satisfactory
marked by healthy networth base along with low debt balance sheet profile and
sufficient liquidity position. Business is active. Payments are seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
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 13.02.2018
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 : |
Mr. L.C. Khilrani |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-8572899502 |
|
Date : |
10.02.2018 |
LOCATIONS
|
Registered Office : |
205-206, Lusa Tower, Azadpur, New Delhi – 110033, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8572899502 (Mr. L.C. Khilrani) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.64, Phase-5, Sector-53, Industrial Estate Kundli, Sonepat – 131028, Haryana, India |
|
Tel. No.: |
91-130-4091063 |
|
|
|
|
Sales Cum Service
Centers : |
Located at:
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Kanahiya Lal Arora |
||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||
|
Address : |
D-8, Model Town, Delhi – 110009, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
11.06.1945 |
||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2013 |
||||||||||||||||||||||||
|
DIN No.: |
00019796 |
||||||||||||||||||||||||
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Other Directorship:
|
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|
|
||||||||||||||||||||||||
|
Name : |
Mr. Kapil Arora |
||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||
|
Address : |
D-8, Model Town, Delhi – 110009, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
16.06.1969 |
||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2008 |
||||||||||||||||||||||||
|
DIN No.: |
00019829 |
||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Monika Arora |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
D-8, Model Town, Delhi – 110009, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
17.01.1949 |
||||||||||||||||||||||||
|
Date of Appointment : |
27.04.2007 |
||||||||||||||||||||||||
|
DIN No.: |
00019937 |
||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Roma Arora |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
D-8, Model Town, Delhi – 110009, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
06.07.1969 |
||||||||||||||||||||||||
|
Date of Appointment : |
27.04.2007 |
||||||||||||||||||||||||
|
DIN No.: |
00019968 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. L.C. Khilrani |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
K. L. Arora |
|
713938 |
|
Roma Arora |
|
48628 |
|
Deepika Arora/ Khosla |
|
3300 |
|
Monika Arora |
|
44009 |
|
Kapil Arora |
|
248180 |
|
Sagar Arora |
|
42000 |
|
Sahil Arora |
|
41654 |
|
Sahu Investment and Finance Limited, India |
|
226055 |
|
Total |
|
1367764 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
70.34 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
13.13 |
|
Public/Other than promoters (Body corporate) |
16.53 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of twin rotary blowers and polymers. (Registered
Activity) |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
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|
||||
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Agencies Held : |
Not Available |
||||
|
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|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
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Customers : |
|
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|
||||||||||||||||||||||||
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No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
HDSG and Associates Chartered Accountants |
|
Address : |
K-61, Basement, Jungpura Extension, New Delhi – 110014, India |
|
Tel. No.: |
91-11-43596267 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AACFH5298R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises owned
or significantly influenced by KMP and/or their relative : (As on 31.03.2016) |
|
CAPITAL STRUCTURE
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1367764 |
Equity Shares |
INR 10/- each |
INR 13.678 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
13.678 |
11.894 |
8.618 |
|
(b) Reserves & Surplus |
305.331 |
243.268 |
169.314 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
81.900 |
|
Total
Shareholders’ Funds (1) + (2) |
319.009 |
255.162 |
259.832 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
206.771 |
135.512 |
156.656 |
|
(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 |
10.093 |
10.522 |
8.903 |
|
Total Non-current
Liabilities (3) |
216.864 |
146.034 |
165.559 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
20.999 |
35.105 |
66.870 |
|
(b) Trade
payables |
119.014 |
162.081 |
79.880 |
|
(c) Other
current liabilities |
65.998 |
161.566 |
97.622 |
|
(d) Short-term
provisions |
4.391 |
6.214 |
3.412 |
|
Total Current
Liabilities (4) |
210.402 |
364.966 |
247.784 |
|
|
|
|
|
|
TOTAL |
746.275 |
766.162 |
673.175 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
415.548 |
424.430 |
397.043 |
|
(ii)
Intangible Assets |
0.045 |
0.142 |
0.237 |
|
(iii)
Capital work-in-progress |
82.246 |
11.535 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.460 |
2.460 |
2.460 |
|
(c) Deferred tax assets (net) |
5.054 |
(1.190) |
8.763 |
|
(d)
Long-term Loan and Advances |
15.073 |
12.514 |
9.662 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
520.426 |
449.891 |
418.165 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
78.810 |
149.244 |
92.982 |
|
(c) Trade
receivables |
100.628 |
94.810 |
104.262 |
|
(d) Cash
and cash equivalents |
14.598 |
24.659 |
17.576 |
|
(e)
Short-term loans and advances |
31.813 |
47.558 |
40.190 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
225.849 |
316.271 |
255.010 |
|
|
|
|
|
|
TOTAL |
746.275 |
766.162 |
673.175 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
473.494 |
491.791 |
559.841 |
|
|
Other Income |
3.544 |
1.120 |
1.990 |
|
|
TOTAL |
477.038 |
492.911 |
561.831 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
239.643 |
273.167 |
366.083 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
18.929 |
(15.146) |
3.699 |
|
|
Employees benefits
expense |
91.971 |
88.812 |
77.226 |
|
|
Other expenses |
72.206 |
103.029 |
84.458 |
|
|
TOTAL |
422.749 |
449.862 |
531.466 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
54.289 |
43.049 |
30.365 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
22.742 |
21.130 |
8.123 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
31.547 |
21.919 |
22.242 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
20.303 |
16.530 |
12.153 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
11.244 |
5.389 |
10.089 |
|
|
|
|
|
|
|
Less |
TAX |
(6.167) |
10.059 |
(7.912) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
17.411 |
(4.670) |
18.001 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
161.591 |
161.261 |
155.839 |
|
|
|
|
|
|
|
|
AMALGAMATION |
0.000 |
0.000 |
12.579 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
179.002 |
156.591 |
161.261 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
11.777 |
21.794 |
24.250 |
|
|
TOTAL EARNINGS |
11.777 |
21.794 |
24.250 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2.223 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
2.223 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
14.10 |
(5.39) |
20.89 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
22.799 |
106.812 |
58.286 |
|
Cash generated from operations |
(12.322) |
135.316 |
56.798 |
|
Net cash flow from operating activity |
(12.322) |
135.316 |
56.798 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average
Collection Days (Sundry Debtors / Income
* 365 Days) |
77.57 |
70.37 |
67.98 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
4.71 |
5.19 |
5.37 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
181.27 |
216.57 |
79.64 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.69 |
0.29 |
0.33 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.11 |
0.10 |
0.08 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.59 |
0.79 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.79 |
1.09 |
1.08 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.66 |
1.43 |
0.95 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.56 |
1.71 |
1.53 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.39 |
2.04 |
3.74 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
3.68 |
(0.95) |
3.22 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.33 |
(0.61) |
2.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.46 |
(1.83) |
6.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets /
Current Liabilities) |
1.07 |
0.87 |
1.03 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.70 |
0.46 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.43 |
0.33 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
18.32 |
23.33 |
32.70 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.07 |
0.87 |
1.03 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
8.618 |
11.894 |
13.678 |
|
Reserves & Surplus |
169.314 |
243.268 |
305.331 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
81.900 |
0.000 |
0.000 |
|
Net worth |
259.832 |
255.162 |
319.009 |
|
|
|
|
|
|
long-term borrowings |
156.656 |
135.512 |
206.771 |
|
Short term borrowings |
66.870 |
35.105 |
20.999 |
|
Current Maturities of
Long term debt |
58.286 |
106.812 |
22.799 |
|
Total borrowings |
281.812 |
277.429 |
250.569 |
|
Debt/Equity ratio |
1.085 |
1.087 |
0.785 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
559.841 |
491.791 |
473.494 |
|
|
|
(12.155) |
(3.720) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
559.841 |
491.791 |
473.494 |
|
Profit/(Loss) |
18.001 |
(4.670) |
17.411 |
|
|
3.22% |
(0.95%) |
3.68% |
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 |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last 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 |
CORPORATE
INFORMATION (As on 31.03.2016)
The company is engaged in the manufacture of twin rotary blowers and
polymers.
STATE OF COMPANY’S
AFFAIRS (As on 31.03.2016)
The company continued to be engaged in the business of manufacture of twin rotary blowers and polymers. The company posted a Net Profit after Tax of INR 17.410 Million for the year as against loss of INR 4.669 Million during last year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
From Directors |
16.208 |
16.208 |
|
From Related Parties |
9.306 |
57.474 |
|
Short-term
borrowings |
|
|
|
From Related parties |
0.000 |
2.074 |
|
Total |
25.514 |
75.756 |
INDEX OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G02466647 |
10624983 |
HDFC BANK LIMITED |
20/11/2015 |
11/04/2016 |
- |
105000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL West MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
C57601445 |
10577212 |
CAPITAL FIRST LIMITED |
01/07/2015 |
- |
- |
150000000.0 |
15th Floor, Tower -2, Indiabulls Finance Centre, Senapati Bapat Marg, Elphinstone, MUMBAI MAHARASHTRA 400013 INDIA |
|
3 |
G01126945 |
10184008 |
Bank of Baroda |
28/10/2009 |
22/06/2015 |
23/03/2016 |
83500000.0 |
Model Town Delhi 110009 INDIA |
|
4 |
C75097626 |
10025372 |
Bank of Baroda |
05/10/2006 |
15/10/2009 |
11/12/2015 |
53400000.0 |
Model Town Delhi 110009 INDIA |
|
5 |
A80189988 |
10076946 |
HDFC BANK LIMITED |
15/10/2007 |
- |
10/02/2010 |
70000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL West MUMBAI MAHARASHTRA 400013 INDIA |
|
6 |
A80190226 |
10084474 |
HDFC BANK LIMITED |
15/12/2007 |
- |
10/02/2010 |
70000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL West MUMBAI MAHARASHTRA 400013 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
The Bank Guarantees and domestic letter of credit on behalf of the company |
38.290 |
14.017 |
|
TDS Demand (for Assessment Year 2008-19, 2009-2010 and 2011-12) |
0.731 |
0.000 |
|
Central Sales Tax Act, 1956 read with Haryana Value Added Tax Act, 2003 (for Assessment Year 2011-12 and 2012-13) |
11.493 |
1.910 |
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office equipment
- 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 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
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.