|
|
|
MIRA INFORM REPORT
|
Report No. : |
491201 |
|
Report Date : |
15.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRIVENI WIRES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. E-20, MIDC Industrial Area, Hingna Road, Nagpur – 440028,
Maharashtra |
|
Mob. No: |
91-8071803331(Mr. Ramankant Premkumar Tekriwal) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
08.12.1981 |
|
|
|
|
Com. Reg. No.: |
11-025805 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 48.750 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1981PTC025805 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN: |
27AAACT6638G1Z7 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT6638G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
(Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1981 having satisfactory track
record. For the financial year 2017, the company has achieved decent growth in
its revenue as compared to its previous year but has incurred losses during
the year. However, the company possesses satisfactory financial risk profile
marked by adequate net worth base and ideal debt protection metrics. Rating continue to derive strengths from its long and established
track record of its business operation backed by its well experienced
management team along with diversified clientele. However, rating strengths gets partially offset by project stabilization
risk, susceptibility of margins to fluctuation in raw material prices and
presence in fragmented industry. Payments are seems to be slow but 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 |
CARE |
|
Rating |
Long Term Rating (B+) |
|
Rating Explanation |
Risk prone-credit-quality and carries very high credit risk. |
|
Date |
02.02.2018 |
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.
INFORMATION DENIED BY
|
Name : |
Mr. Ramankant Premkumar Tekriwal |
|
Designation : |
Director |
|
Contact No.: |
91-8071803331 |
|
Date : |
12.02.2018 |
91-7104-237560,
236360 (Number is Not Working)
91-8237869095
(Number is not reachable)
LOCATIONS
|
Registered Office/ Factory : |
Plot No. E-20, MIDC Industrial Area, Hingna Road, Nagpur – 440028,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mob. No: |
91-8071803331(Mr. Ramankant Premkumar Tekriwal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ramankant Premkumar Tekriwal |
|||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||
|
Address : |
Tekriwal Bhawan, Byramji Town, Nelson Square, Nagpur-440013, Maharashtra, India |
|||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.04.1974 |
|||||||||||||||||||||||||||||
|
Date of Appointment : |
27.03.2014 |
|||||||||||||||||||||||||||||
|
DIN No: |
00275872 |
|||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||
|
Name : |
Mr. Prem Kumar Tekeriwal |
|||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||
|
Address : |
30, Nelson Square, Byramji Town, Tekriwal Bhawan, Nagpur-440013, Maharashtra, India |
|||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.10.1947 |
|||||||||||||||||||||||||||||
|
Date of Appointment : |
08.12.1981 |
|||||||||||||||||||||||||||||
|
DIN No: |
01569157 |
|||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||
|
Name : |
Mr. Arun Kumar Tekriwal |
|||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||
|
Address : |
Tekriwal Bhawan, 30, Byramaji Road, Nagpur-440013, Maharashtra, India |
|||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.09.1952 |
|||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.1993 |
|||||||||||||||||||||||||||||
|
DIN No: |
01569219 |
|||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders (Equity Share) |
|
No. of Shares |
|
Premkumar Tekriwal |
|
207600 |
|
Arunkumar Tekriwal |
|
157000 |
|
M.P. Tekriwal (HUF) |
|
269000 |
|
P.K. Tekriwal (HUF) |
|
142500 |
|
A.K. Tekriwal (HUF) |
|
189500 |
|
Rishikant Tekriwal |
|
121250 |
|
Priya Tekriwal |
|
151000 |
|
Sweta Tekriwal |
|
142500 |
|
Manjiri Tekriwal |
|
104500 |
|
Ramankant Tekriwal |
|
9000 |
|
Saroj Devi Tekriwal |
|
133000 |
|
Meena Devi Tekriwal |
|
150000 |
|
Geeta Devi Tekriwal |
|
10000 |
|
Tensile Wires (India) Private Limited, India |
|
400 |
|
Krishnakant Tekriwal |
|
30000 |
|
Shreekant Tekriwal |
|
61250 |
|
Krishnakant Tekriwal (HUF) |
|
80000 |
|
Ramankant Tekriwal (HUF) |
|
120000 |
|
Shreekant Tekriwal (HUF) |
|
70000 |
|
Angitia Technology Services Private Limited, India |
|
585000 |
|
ABC Builders and Construction Limited, India |
|
87500 |
|
Veena Credit and Holdings Private Limited, India |
|
50000 |
|
R.P. Rungta |
|
4000 |
|
Total |
|
2875000 |
|
Names of Shareholders (Preference Share) |
|
No. of Shares |
|
Angitia Technology Services Private Limited, India |
|
200000 |
|
Total |
|
200000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
74.72 |
|
Promoters (Body corporate) |
0.01 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
0.14 |
|
Public/Other than promoters (Body corporate) |
25.13 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
(Registered Activity) |
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|
||||||||
|
Products / Services
: |
|
||||||||
|
|
|
||||||||
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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 |
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|
|
|
||||||||
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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 : |
Not Divulged |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
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Bankers : |
|
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Facilities : |
|
|
Financial Institutions: |
SREI Equipment Finance Private Limited, 'Vishwakarma', 86C, Topsia Road, Kolkata - 700046, West Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
Vinod Gandhi and Associates Chartered Accountants |
|
Address : |
205, Indira Arcade, Residency Road, Sadar, Nagpur – 440001,
Maharashtra, India |
|
Tel. No.: |
91-712-2557420 |
|
Mobile No.: |
91-9823046941 |
|
E-Mail : |
|
|
Membership Number : |
106335 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFG9494H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates: |
|
CAPITAL STRUCTURE
As on: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
200000 |
Reference Shares |
INR 100/- each |
INR 20.000 Million |
|
|
Total |
|
INR 50.000
million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2875000 |
Equity Shares |
INR 10/- each |
INR 28.750 Million |
|
200000 |
Reference Shares |
INR 100/- each |
INR 20.000 Million |
|
|
Total |
|
INR 48.750
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 |
48.750 |
20.000 |
10.000 |
|
(b) Reserves & Surplus |
56.558 |
34.457 |
17.991 |
|
(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) |
105.308 |
54.457 |
27.991 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
232.664 |
154.880 |
69.766 |
|
(b) Deferred tax liabilities (Net) |
8.285 |
0.444 |
0.719 |
|
(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) |
240.949 |
155.324 |
70.485 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
30.221 |
27.984 |
24.117 |
|
(b) Trade
payables |
42.477 |
30.812 |
38.550 |
|
(c) Other
current liabilities |
35.253 |
4.593 |
7.647 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
107.951 |
63.389 |
70.314 |
|
|
|
|
|
|
TOTAL |
454.208 |
273.170 |
168.790 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
264.176 |
14.047 |
15.315 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
83.764 |
107.399 |
33.205 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.592 |
0.592 |
0.592 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.098 |
0.794 |
0.999 |
|
(e) Other
Non-current assets |
7.072 |
80.803 |
37.933 |
|
Total Non-Current
Assets |
356.702 |
203.635 |
88.044 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
34.257 |
27.998 |
26.035 |
|
(c) Trade
receivables |
33.346 |
31.927 |
44.222 |
|
(d) Cash
and cash equivalents |
2.965 |
1.717 |
6.162 |
|
(e) Short-term
loans and advances |
23.973 |
7.870 |
4.327 |
|
(f) Other
current assets |
2.965 |
0.023 |
0.000 |
|
Total
Current Assets |
97.506 |
69.535 |
80.746 |
|
|
|
|
|
|
TOTAL |
454.208 |
273.170 |
168.790 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
391.085 |
324.024 |
333.201 |
|
|
Other Income |
0.280 |
0.584 |
0.852 |
|
|
TOTAL |
391.365 |
324.608 |
334.053 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
309.819 |
238.349 |
257.792 |
|
|
Purchases of
Stock-in-Trade |
4.289 |
0.307 |
2.134 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(12.337) |
1.682 |
(7.866) |
|
|
Employees benefits expense |
13.044 |
12.217 |
9.681 |
|
|
Other expenses |
61.715 |
63.761 |
65.558 |
|
|
TOTAL |
376.530 |
316.316 |
327.299 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
14.835 |
8.292 |
6.754 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
3.808 |
3.319 |
3.546 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
11.027 |
4.973 |
3.208 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.497 |
2.884 |
2.637 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
4.530 |
2.089 |
0.571 |
|
|
|
|
|
|
|
Less |
TAX |
8.679 |
0.623 |
0.177 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(4.149) |
1.466 |
0.394 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(1.44) |
0.73 |
0.394 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
18.258 |
0.379 |
2.636 |
|
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 |
11.439 |
(32.061) |
(26.441) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
31.12 |
35.96 |
48.44 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
11.73 |
10.15 |
7.53 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
49.36 |
47.12 |
54.13 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.43 |
0.30 |
0.26 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.04 |
0.07 |
0.14 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.79 |
0.80 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.67 |
3.36 |
3.45 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.03 |
1.16 |
2.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
3.30 |
2.23 |
1.73 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.90 |
2.50 |
1.90 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(1.06) |
0.45 |
0.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(0.91) |
0.54 |
0.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(3.94) |
2.69 |
1.41 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.90 |
1.10 |
1.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.59 |
0.66 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.23 |
0.20 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.77 |
9.16 |
9.65 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.90 |
1.10 |
1.15 |
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 |
10.000 |
20.000 |
48.750 |
|
Reserves & Surplus |
17.991 |
34.457 |
56.558 |
|
Net
worth |
27.991 |
54.457 |
105.308 |
|
|
|
|
|
|
long-term borrowings |
69.766 |
154.880 |
232.664 |
|
Short term borrowings |
24.117 |
27.984 |
30.221 |
|
Current maturities of
long-term debts |
2.636 |
0.379 |
18.258 |
|
Total
borrowings |
96.519 |
183.243 |
281.143 |
|
Debt/Equity
ratio |
3.448 |
3.365 |
2.670 |
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 |
333.201 |
324.024 |
391.085 |
|
|
|
(2.754) |
20.696 |
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 |
333.201 |
324.024 |
391.085 |
|
Profit |
0.394 |
1.466 |
(4.149) |
|
|
0.12% |
0.45% |
(1.06%) |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
STATE OF COMPANY’S
AFFAIRS:
The Company has reported total revenue of INR 391.085 million as
compared to INR 324.024 million in the previous year. The Company incurred Net
Loss Amounting to INR 4.149 million this fiscal year after making provision of depreciation
amounting to INR 6.497 million and deferred tax expenses of INR 7.840 million.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
From Director |
24.546 |
27.538 |
|
From related parties |
0.623 |
46.250 |
|
From Others |
5.000 |
0.000 |
|
Short-term
borrowings |
|
|
|
Loan repayable
on demand |
|
|
|
From Director |
0.235 |
0.393 |
|
Other loans and advances |
|
|
|
Advance from customer |
2.067 |
5.112 |
|
Total |
32.471 |
79.293 |
INDEX
OF CHARGES:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G51766343 |
100119439 |
Tirupati Urban Co-op. Bank Limited |
02/08/2017 |
- |
- |
70000000.0 |
172, SHRADHANAND PETH, SOUTH AMBAZARI ROAD, NAGPUR - 440010, MAHARASHTRA, INDIA |
|
2 |
C82421801 |
10610026 |
IDBI Bank Limited |
26/03/2015 |
18/06/2015 |
- |
292500000.0 |
SPECIALISED CORPORATE BRANCH, 3RD FLOOR, GUPTA TOWER, TEMPLE ROAD, CIVIL LINES, NAGPUR - 440001, MAHARASHTRA, INDIA |
|
3 |
C62905633 |
10407767 |
INDUSIND BANK LTD. |
09/01/2013 |
- |
20/08/2015 |
58531000.0 |
SHRI SWAMI PLAZA, 97, EAST HIGH COURT ROAD RAMDAS PETH, NAGPUR - 440010, MAHARASHTRA, INDIA |
|
4 |
C36652667 |
10185456 |
SREI Equipment Finance Private Limited |
22/10/2009 |
- |
26/11/2014 |
1050000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA-700046, WEST BENGAL, INDIA |
|
5 |
B77177640 |
80022067 |
Tirupati Urban Co-op. Bank Limited |
14/02/2005 |
- |
01/06/2013 |
4000000.0 |
172, SHRADHANAND PETH, SOUTH AMBAZARI ROAD, NAGPUR - 440010, MAHARASHTRA, INDIA |
|
6 |
B75153320 |
10344173 |
Tirupati Urban Co - Op. Bank Limited |
17/02/2012 |
- |
27/04/2013 |
3750000.0 |
GANDHI BAGH BRANCH, CENTRAL AVENUE ROAD, NAGPUR - 440002, MAHARASHTRA, INDIA |
|
7 |
B75154500 |
80022065 |
Tirupati Urban Co - Op. Bank Limited |
14/02/2005 |
20/10/2011 |
27/04/2013 |
30000000.0 |
GANDHI BAGH BRANCH, CENTRAL AVENUE ROAD, NAGPUR - 440002, MAHARASHTRA, INDIA |
FIXED ASSETS
- Lease Hold
Land
- Electrical
Installation
- Generator
- Office
Equipment
- Air
Conditioner
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
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 64.13 |
|
|
1 |
INR 89.17 |
|
Euro |
1 |
INR 79.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPY |
|
|
|
|
Analysis Done by
: |
NSG |
|
|
|
|
Report Prepared
by : |
MTN |
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.