|
|
|
MIRA INFORM REPORT
|
Report No. : |
492016 |
|
Report Date : |
15.02.2018 |
IDENTIFICATION DETAIL
|
Name : |
AHUJA COTSPIN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-VI-I, Kucha No.1, Madhopuri, Ludhiana-141008, Punjab |
|
Tel. No.: |
91-161-4620630 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
06.12.2010 |
|
|
|
|
Com. Reg. No.: |
16-034482 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 502.244 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119PB2010PTC034482 |
|
|
|
|
IEC No.: |
3010017502 |
|
|
|
|
GSTIN: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCA0093R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 1770000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2010. For the financial year 2017, the company has achieved revenue growth
of 25.60% as compared to the previous year along with an average profit
margin of 1.34%. The sound financial risk profile of the company is marked by adequate
networth base along with comfortable debt balance sheet profile. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term borrowing (Suspended) = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
15.02.2016 |
Reason for suspension: Absence of adequate information
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 15.02.2018
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.
LOCATIONS
|
Registered Office : |
B-VI-I, Kucha No.1, Madhopuri, Ludhiana-141008, Punjab, India |
|
Tel. No.: |
91-161-4620630 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality : |
Industrial |
|
|
|
|
Factory 1 : |
Village, Lakhowal Kalan, Express Highway Machiwala, Ludhiana – 141008,
Punjab, India |
|
|
|
|
Factory 2 : |
Village Bhahiang, Machiwala, Ludhiana,
Punjab, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ashok Kumar Ahuja |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
803/1 Bindraban Road, Civil Lines, Ludhiana – 141001, Punjab, India |
||||||||||||||||||||
|
Date of Birth/Age : |
13.09.1959 |
||||||||||||||||||||
|
Date of Appointment : |
06.12.2010 |
||||||||||||||||||||
|
DIN No. : |
01435714 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Gulshan Kumar Ahuja |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
H. No.B-I/803/1, Brindaban Road Civil Lines, Ludhiana -141001, Punjab, India |
||||||||||||||||||||
|
Date of Birth/Age : |
16.07.1963 |
||||||||||||||||||||
|
Date of Appointment : |
06.12.2010 |
||||||||||||||||||||
|
DIN No. : |
01952150 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Vishal Ahuja |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
803/1 Bindraban Road, Civil Lines, Ludhiana – 141001, Punjab, India |
||||||||||||||||||||
|
Date of Birth/Age : |
19.09.1987 |
||||||||||||||||||||
|
Date of Appointment : |
06.12.2010 |
||||||||||||||||||||
|
DIN No. : |
02433967 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
|
Gulshan Kumar Ahuja |
|
484370 |
|
Ashok Kumar Ahuja |
|
366660 |
|
Vishal Ahuja |
|
113410 |
|
Abhay Kumar Ahuja |
|
448230 |
|
Abhishek Ahuja |
|
624800 |
|
Ganga Enterprises (Prop. Vishal Ahuja) |
|
16310519 |
|
Ganga International (Prop. Gulshan Kumar Ahuja) |
|
12861744 |
|
T.C.Knit Fab (Prop. Akhil Dawar) |
|
1291774 |
|
Jojoba Dealcom Private Limited |
|
5617944 |
|
Medhavi Goods Private Limited |
|
820100 |
|
Neeraj Ahuja |
|
200000 |
|
Ahuja Processors Private Limited |
|
2747800 |
|
Total |
|
41887351 |
|
Names of (Detail of
5% Non-Convertible Redeemable Preference Shares) |
|
No. of Shares |
|
Sushil Kumar Jain |
|
200000 |
|
Neelam Jain |
|
227000 |
|
Sairav Jain |
|
90000 |
|
Mahavir Impex Limited |
|
2200000 |
|
Malabar Trading Company Limited, India |
|
2120000 |
|
Carfu Knit Private Limited, India |
|
1500000 |
|
Saurav Traders -In Capital Account Of Sunil Kumar Jain S/O Hans Raj Jain |
|
1000000 |
|
Holding Private Limited, India |
|
1000000 |
|
Total |
|
8337000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
2.30 |
|
Promoters (Bodies corporate) |
21.93 |
|
Promoters (Others-Friends and Relatives) |
75.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
||||||||||
|
|
|
||||||||||
|
Products : |
|
||||||||||
|
|
|
||||||||||
|
Brand Names : |
Not Available |
||||||||||
|
|
|
||||||||||
|
Agencies Held : |
Not Available |
||||||||||
|
|
|
||||||||||
|
Exports : |
Not Available |
||||||||||
|
|
|
||||||||||
|
Imports : |
Not Available |
||||||||||
|
|
|
||||||||||
|
Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
J.K. Arora and Associate Chartered Accountants |
|
Address : |
Shop No 30-LGF, Asian Lak Tower, Gurdev Nagar, Ludhiana – 141001,
Punjab, India |
|
Tel. No.: |
91-161-4674477 |
|
Mobile No.: |
91-9876744777 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAYPK0416C |
|
|
|
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
|
CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital : INR 560.000 Million
Issued, Subscribed & Paid-up Capital : INR 549.793
Million
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42500000 |
Equity Shares |
INR 10/- each |
INR 425.000 Million |
|
8500000 |
Preference Shares |
INR 10/- each |
INR 85.000 Million |
|
|
Total |
|
INR 510.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41887351 |
Equity Shares |
INR 10/- each |
INR 418.874
Million |
|
8337000 |
Preference Shares |
INR 10/- each |
INR 83.370 Million |
|
|
Total |
|
INR 502.244
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
502.244 |
351.294 |
338.444 |
|
(b) Reserves &
Surplus |
445.295 |
330.756 |
279.449 |
|
(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) |
947.539 |
682.050 |
617.893 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
754.891 |
516.667 |
625.203 |
|
(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 (3) |
754.891 |
516.667 |
625.203 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
862.128 |
785.272 |
610.146 |
|
(b) Trade payables |
164.272 |
82.584 |
54.932 |
|
(c) Other current
liabilities |
192.973 |
230.269 |
183.990 |
|
(d) Short-term provisions |
10.459 |
10.054 |
11.569 |
|
Total Current Liabilities
(4) |
1229.832 |
1108.179 |
860.637 |
|
|
|
|
|
|
TOTAL |
2932.262 |
2306.896 |
2103.733 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1349.229 |
1033.698 |
1108.742 |
|
(ii) Intangible Assets |
17.753 |
20.272 |
23.035 |
|
(iii) Capital
work-in-progress |
41.222 |
37.067 |
7.477 |
|
(iv) Intangible assets
under development |
30.506 |
3.815 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
13.815 |
13.801 |
9.610 |
|
Total Non-Current Assets |
1452.525 |
1108.653 |
1148.864 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
577.004 |
497.542 |
446.102 |
|
(c) Trade receivables |
842.062 |
600.839 |
425.626 |
|
(d) Cash and cash
equivalents |
12.990 |
27.359 |
22.761 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
47.681 |
72.503 |
60.380 |
|
Total Current Assets |
1479.737 |
1198.243 |
954.869 |
|
|
|
|
|
|
TOTAL |
2932.262 |
2306.896 |
2103.733 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3183.051 |
2534.279 |
2048.746 |
|
|
Other Income |
2.466 |
2.808 |
29.352 |
|
|
TOTAL |
3185.517 |
2537.087 |
2078.098 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2007.898 |
1296.545 |
1397.734 |
|
|
Purchases of
Stock-in-Trade |
664.824 |
589.467 |
243.410 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(102.769) |
(4.166) |
(160.021) |
|
|
Employees benefits
expense |
31.414 |
30.111 |
63.974 |
|
|
Other expenses |
259.377 |
313.968 |
237.987 |
|
|
TOTAL |
2860.744 |
2225.925 |
1783.084 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
324.773 |
311.162 |
295.014 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
172.645 |
166.687 |
154.429 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
152.128 |
144.475 |
140.585 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
100.830 |
94.221 |
82.761 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
51.298 |
50.254 |
57.824 |
|
|
|
|
|
|
|
Less |
TAX |
8.600 |
10.054 |
11.569 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
42.698 |
40.200 |
46.255 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
556.277 |
483.923 |
530.853 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.00 |
1.15 |
1.38 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
156.446 |
126.414 |
126.414 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
147.189 |
317.121 |
178.652 |
|
Net cash flows from (used in) operating activity |
138.589 |
306.921 |
172.166 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
96.56 |
86.54 |
75.83 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.78 |
4.22 |
4.81 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
22.43 |
15.98 |
12.22 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.56 |
0.63 |
0.66 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.23 |
0.28 |
0.26 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.73 |
0.76 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.87 |
2.09 |
2.20 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.30 |
1.62 |
1.39 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.52 |
1.61 |
1.84 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.88 |
1.87 |
1.91 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.34 |
1.59 |
2.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.46 |
1.74 |
2.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.51 |
5.89 |
7.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.20 |
1.08 |
1.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.73 |
0.63 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.32 |
0.30 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.53 |
4.07 |
4.02 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.20 |
1.08 |
1.11 |
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 |
338.444 |
351.294 |
502.244 |
|
Reserves & Surplus |
279.449 |
330.756 |
445.295 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
617.893 |
682.050 |
947.539 |
|
|
|
|
|
|
long-term borrowings |
625.203 |
516.667 |
754.891 |
|
Short term borrowings |
610.146 |
785.272 |
862.128 |
|
Current maturities of
long-term debts |
126.414 |
126.414 |
156.446 |
|
Total
borrowings |
1361.763 |
1428.353 |
1773.465 |
|
Debt/Equity
ratio |
2.204 |
2.094 |
1.872 |
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 |
2048.746 |
2534.279 |
3183.051 |
|
|
|
23.699 |
25.600 |
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 |
2048.746 |
2534.279 |
3183.051 |
|
Profit |
46.255 |
40.200 |
42.698 |
|
|
2.26% |
1.59% |
1.34% |
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 |
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 |
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 |
Yes |
|
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 |
RESULTS OF OPERATIONS
AND THE STATE OF COMPANY'S AFFAIRS
OPERATIVE RESULTS
During the period the company has earned profit of INR 42.698 Million (Previous Year INR 40.200 million).
During the year, the company has allotted
1- 7275000 equity shares of INR 10.00 each at a premium of INR 10.00 Per shares to the existing shareholders of the company.
2. 7820000, 5.5% Non-Cumulative Redeemable Preference Share Capital of INR 10.00 Each amounting to INR 78200000 to the other then existing shareholders of the company.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
35.000 |
0.000 |
|
Total |
35.000 |
0.000 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G41100413 |
100089934 |
PUNJAB NATIONAL BANK |
30/03/2017 |
- |
- |
100000000.0 |
BHAGWATI TOWERR. K. ROAD, NEAR CHEEMA CHOWK LUDHIANA-141003 PUNJAB INDIA |
|
2 |
G41370107 |
10561854 |
PUNJAB NATIONAL BANK |
20/03/2015 |
30/03/2017 |
- |
2519900000.0 |
BHAGWATI TOWERR. K. ROAD, NEAR CHEEMA CHOWK LUDHIANA-141114 PUNJAB INDIA |
|
3 |
C06058143 |
10502337 |
UNION BANK OF INDIA |
17/04/2014 |
- |
- |
93500000.0 |
MID CORPORATE, LUDHIANA, PUNJAB - 141001, INDIA |
|
4 |
C06037360 |
10502338 |
STATE BANK OF INDIA IN CONSORTIUM WITH UNION BANK OF INDIA |
17/04/2014 |
- |
- |
250000000.0 |
SME DHOLEWAL, LUDHIANA, PUNJAB - 141003, INDIA |
|
5 |
B74942202 |
10425144 |
STATE BANK OF INDIA |
16/03/2013 |
- |
- |
288000000.0 |
SME BRANCH, DHOLEWAL CHOWK, LUDHIANA, PUNJAB - 141003, INDIA |
|
6 |
C06745582 |
10354722 |
PUNJAB NATIONAL BANK STATE BANK OF PATAILA CENTRAL BANK OF INDIA |
27/04/2012 |
21/05/2014 |
- |
399000000.0 |
LARGE CORPORATE BRANCH, CHEEMA CHOWK, BHARAT NAGAR CHOWK, FOCAL POINT, LUDHIANA, PUNJAB - 141003, INDIA |
|
7 |
B94359775 |
10313670 |
PUNJAB NATIONAL BANK STATE BANK OF PATAILA CENTRAL BANK OF INDIA UNITED BANK OF INDIA |
29/09/2011 |
24/12/2013 |
- |
838400000.0 |
LARGE CORPORATE BRANCH, CHEEMA CHOWK, BHARAT NAGAR CHOWK, FOCAL POINT, LUDHIANA, PUNJAB - 141003, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2015 |
|
|
|
|
|
Guarantees |
74.289 |
60.815 |
|
Other money for which company is contingently liable |
12.138 |
12.137 |
|
Total |
86.427 |
72.952 |
FIXED ASSETS
- Building
- Land
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Office equipment
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 63.61 |
|
|
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
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.