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|
MIRA INFORM REPORT
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Report No. : |
492343 |
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Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
BRIDGE TRACK AND TOWER PRIVATE LIMITED (w.e.f. 16.07.2012) |
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Formerly Known
As : |
MANISH
FORGINGS PRIVATE LIMITED |
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Registered
Office : |
18, R. N. Mukharjee Road, 6th Floor, Kolkata - 700001, West Bengal |
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Tel. No.: |
91- 33- 2248 9039/1696 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
06.06.1985 |
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Com. Reg. No.: |
21-088744 |
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Capital
Investment / Paid-up Capital : |
INR 17.027 Million |
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CIN No.: [Company Identification
No.] |
U74990WB1985PTC088744 |
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IEC No.: |
Not Divulged |
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GSTIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCM5785C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Railway track Fittings and
Steel Engineering Products used in Railway Tracks and by Railways.
(Registered Activity) |
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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 |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Bridge Track and Tower Private Limited was incorporated in the year
1985. It is a manufacturer of railway track fittings and steel engineering products used in railway tracks and by railways For the financial year 2017, the company has achieved 21.86% growth in
its revenue as compared to previous year revenue and reported average profit
margin of 1.94% under review. The sound financial profile of the company is marked by adequate
networth base along with strong debt coverage indicators due to low debt
balance sheet profile. The rating takes into consideration the subject’ long track record of
business operations along with extensive experience of its promoters. However, rating strengths are partially offset by unfavourable gap
between trade payables and trade receivables. Business is active. Payments 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 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities (BBB-) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
12.01.2017 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Bank Facilities (A3) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
12.01.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 16.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
Management non-cooperative (Tel No.: 91-33-22481494)
91—33-22489039/ 1696 (Continuously ringing)
LOCATIONS
|
Registered Office : |
18, R. N. Mukharjee Road, 6th Floor, Kolkata - 700001, West Bengal, India |
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Tel. No.: |
91- 33- 2248 9039/1696 |
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Fax No.: |
91-33- 2248 5121/9599 |
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E-Mail : |
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Website : |
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Fastening Division |
Plot No 10 and 11, Shed No 2, Sector – A, Urla industrial
Area, Raipur – 493 221, Chhattisgarh, India |
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Tel. No.: |
91-771–3292516 |
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Fax No.: |
91-771-2324101 |
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E-Mail : |
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Point and Crossing
Division : |
Plot No 369, 370, 391-A and B, 392-B, Sector - A, Urla industrial
Area, Raipur – 493 221, Chhattisgarh, India |
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Tel. No.: |
91-771–3207121 |
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Fax No.: |
91-771-2322041 |
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E-Mail : |
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Fabrication and
Galvanizing Division : |
Plot No A/413, 413, 414, 415, 403, 404, 405, 406 and 407,
Sector – A, Urla industrial Area, Raipur – 493 221, Chhattisgarh, India |
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Tel. No.: |
91-771–3268182 |
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Fax No.: |
91-771–2322041 |
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E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Kamlesh Kumar Jain |
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Designation : |
Director |
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Address : |
3-B, Camac Street, 5th Floor, Flat No 7, Mansarowar Building, Kolkata-700016, West Bengal, India |
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Date of Birth/Age : |
15.01.1965 |
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Date of Appointment : |
31.03.2000 |
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DIN No: |
00067147 |
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Other Directorship:
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Name : |
Mr. Rajesh Shah |
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Designation : |
Wholetime Director |
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Address : |
Navakar Bhavan, Flat No A-3-202, Block No-3, 2nd Floor, Dhariwal Complex, Choubey Colony, Raipur-492001, Chhattisgarh, India |
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Date of Appointment : |
16.10.1992 |
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DIN No: |
00081634 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Charu Gupta |
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Designation : |
23B/8A, Diamond Harbour Road, New Alipore, Block – A, Kolkata – 700053, West Bengal, India |
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Mobile |
91 -9830019985 |
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Email: |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Pramila Jain |
|
70000 |
|
Anjula Steels Private Limited, India |
|
267000 |
|
Sanwar Mal Jain |
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40020 |
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Kamlesh Kumar Jain |
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331920 |
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Shreyans Jain |
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10000 |
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Sushil Kumar Dhancholia |
|
10000 |
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Radheshyam Dhancholia |
|
10000 |
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S S Entrade Private Limited, India |
|
30000 |
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Surendra Kumar Jain (HUF) |
|
5000 |
|
Spenlo Business Private Limited, India |
|
277000 |
|
Vimla Iron and Steel Works Private Limited, India |
|
250000 |
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Rajesh Shah |
|
15000 |
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Rachita Saraogi |
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2300 |
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Sangita Jain |
|
2500 |
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Pritex Fiscal Services Private Limited, India |
|
142000 |
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Prakrati Plantations Limited, India |
|
85000 |
|
Neha Jain |
|
85000 |
|
Royal Hi-Tech Fasteners Private Limited, India |
|
40000 |
|
Royal Global Niryat Private Limited, India |
|
30000 |
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Total |
|
1702740 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
20.52 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
13.64 |
|
Public/Other than promoters (Body corporate) |
65.84 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturing of Railway track Fittings and
Steel Engineering Products used in Railway Tracks and by Railways.
(Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
R. Kothari and Company Chartered Accountants |
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Address : |
16A, Shakespeare Sarani, Kolkata – 700071, West Bengal, India |
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Tel. No.: |
91-33-22826776/ 6809/ 6807 |
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Fax No.: |
91-33-22825921 |
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E-Mail : |
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Website: |
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Income-tax
PAN of auditor or auditor's firm : |
ABFPM9756J |
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Membership number: |
057620 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Companies having Significant Influence |
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CAPITAL STRUCTURE
As on: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1702740 |
Equity Shares |
INR 10/- each |
INR 17.027 Million |
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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 |
17.027 |
17.027 |
17.027 |
|
(b) Reserves & Surplus |
219.992 |
209.470 |
200.528 |
|
(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) |
237.019 |
226.497 |
217.555 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.376 |
12.423 |
27.131 |
|
(b) Deferred tax liabilities (Net) |
1.333 |
1.561 |
2.698 |
|
(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) |
2.709 |
13.984 |
29.829 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
148.430 |
81.963 |
164.329 |
|
(b) Trade
payables |
0.419 |
0.535 |
0.000 |
|
(c) Other
current liabilities |
48.572 |
31.642 |
27.711 |
|
(d) Short-term
provisions |
5.500 |
5.700 |
6.401 |
|
Total Current
Liabilities (4) |
202.921 |
119.840 |
198.441 |
|
|
|
|
|
|
TOTAL |
442.649 |
360.321 |
445.825 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
94.481 |
92.312 |
106.770 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.869 |
4.760 |
2.849 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
99.350 |
97.072 |
109.619 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
167.485 |
142.113 |
171.427 |
|
(c) Trade
receivables |
108.450 |
70.692 |
100.303 |
|
(d) Cash
and cash equivalents |
27.192 |
24.188 |
19.432 |
|
(e) Short-term
loans and advances |
9.561 |
2.511 |
13.082 |
|
(f) Other
current assets |
30.611 |
23.745 |
31.962 |
|
Total
Current Assets |
343.299 |
263.249 |
336.206 |
|
|
|
|
|
|
TOTAL |
442.649 |
360.321 |
445.825 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
542.894 |
445.502 |
581.056 |
|
|
Other Income |
2.566 |
3.231 |
6.217 |
|
|
TOTAL |
545.460 |
448.733 |
587.273 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
402.845 |
321.049 |
338.488 |
|
|
Purchases of
Stock-in-Trade |
34.466 |
18.350 |
39.462 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(54.814) |
(4.610) |
83.732 |
|
|
Employees benefits
expense |
17.974 |
16.657 |
13.782 |
|
|
Other expenses |
94.447 |
48.898 |
49.960 |
|
|
TOTAL |
494.918 |
400.344 |
525.424 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
50.542 |
48.389 |
61.849 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
20.363 |
19.984 |
29.509 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
30.179 |
28.405 |
32.340 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.045 |
14.920 |
18.155 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
16.134 |
13.485 |
14.185 |
|
|
|
|
|
|
|
Less |
TAX |
5.612 |
4.543 |
4.602 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
10.522 |
8.942 |
9.583 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
6.18 |
5.25 |
5.63 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
12.927 |
14.708 |
14.708 |
|
Cash generated from operations |
(7.191) |
121.713 |
80.847 |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
(16.341) |
119.099 |
74.656 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
72.91 |
57.92 |
63.01 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.01 |
6.30 |
5.79 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.35 |
0.58 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.30 |
0.34 |
0.36 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.53 |
0.52 |
0.58 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.49 |
0.41 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /
Networth) |
0.69 |
0.48 |
0.95 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.86 |
0.53 |
0.91 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.40 |
0.41 |
0.49 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
|
|
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.94 |
2.01 |
1.65 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.38 |
2.48 |
2.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.44 |
3.95 |
4.40 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.69 |
2.20 |
1.69 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.87 |
1.01 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.54 |
0.63 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
9.56 |
6.41 |
12.11 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.69 |
2.20 |
1.69 |
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 |
17.027 |
17.027 |
17.027 |
|
Reserves & Surplus |
200.528 |
209.470 |
219.992 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
217.555 |
226.497 |
237.019 |
|
|
|
|
|
|
long-term borrowings |
27.131 |
12.423 |
1.376 |
|
Short term borrowings |
164.329 |
81.963 |
148.430 |
|
Current maturities of
long-term debts |
14.708 |
14.708 |
12.927 |
|
Total
borrowings |
206.168 |
109.094 |
162.733 |
|
Debt/Equity
ratio |
0.948 |
0.482 |
0.687 |
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 |
581.056 |
445.502 |
542.894 |
|
|
|
(23.329) |
21.861 |
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 |
581.056 |
445.502 |
542.894 |
|
Profit |
9.583 |
8.942 |
10.522 |
|
|
1.65% |
2.01% |
1.94% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
yes |
|
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 |
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 |
OPERATIONS:
The Company’s main line of business is manufacturing of Engineering Goods. The Company has achieved turnover of INR 542.894 million during the year 2016-17, as compared to INR 445.502 million in the previous year, 2015-16.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B74852112 |
10402356 |
BANK OF BARODA |
14/01/2013 |
19/04/2013 |
- |
497700000.0 |
Brabourne Road Branch4, Brabourne RoadKOLKATAWB700001IN |
|
2 |
G31073398 |
10369221 |
Bank of Baroda |
18/07/2012 |
14/12/2016 |
- |
446300000.0 |
Brabourne Road BranchKolkataWB700001IN |
|
3 |
A72241607 |
10183152 |
AXIS BANK LIMITED |
08/09/2009 |
- |
- |
31858000.0 |
CREDIT MANAGEMENT CENTRE (CMC),1, SHAKESPEARE SARANI, AC MARKET, 3RD FLOOR,KOLKATAWB700071IN |
|
4 |
B55797880 |
10183151 |
AXIS BANK LIMITED |
08/09/2009 |
23/07/2012 |
- |
271900000.0 |
CORPORATE BANKING BRANCH,1, SHAKESPEARE SARANI, AC MARKET, 3RD FLOOR,KOLKATAWB700071IN |
|
5 |
B55798565 |
10181991 |
AXIS BANK LIMITED |
07/09/2009 |
23/07/2012 |
- |
271900000.0 |
CORPORATE BANKING BRANCH,1, SHAKESPEARE SARANI, AC MARKET, 3RD FLOOR,KOLKATAWB700071IN |
|
6 |
A71717714 |
10181992 |
AXIS BANK LIMITED |
07/09/2009 |
- |
- |
31858000.0 |
CREDIT MANAGEMENT CENTRE (CMC),1, SHAKESPEARE SARANI, AC MARKET, 3RD FLOOR,KOLKATAWB700071IN |
|
7 |
A84997717 |
90248233 |
STATE BANK OF INDIA |
13/05/2002 |
28/08/2004 |
10/05/2010 |
5800000.0 |
S.S.I. BRANCH; BHOWANIPORE11; DR. UN BRANMHACHARI STREETKOLKATAWB700017IN |
|
8 |
A84997451 |
10038147 |
State Bank of India |
31/01/2007 |
05/12/2008 |
10/05/2010 |
83108000.0 |
SSI Branch Bhowanipore, 'Premlata', 2nd Floor39, Shakespeare SaraniKolkataWB700017IN |
|
9 |
A84996933 |
10030833 |
STATE BANK OF INDIA |
04/12/2006 |
05/04/2008 |
10/05/2010 |
83108000.0 |
SSI BRANCH, BHOWANIPORE,39, SHAKESPEARE SARANI,KOLKATAWB700017IN |
|
10 |
A84997162 |
10030843 |
State Bank of India |
04/12/2006 |
05/12/2008 |
10/05/2010 |
83108000.0 |
SSI Branch Bhowanipore, 'Premlata', 2nd Floor39, Shakespeare SaraniKolkataWB700017IN |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Bank Guarantee given by Axis Bank |
97.044 |
91.302 |
|
Fixed deposits pledged with Bank for Bank Guarantee |
10.178 |
9.234 |
|
Bank Guarantee given by Bank of Baroda |
92.315 |
64.538 |
|
Fixed deposits pledged with Bank for Bank Guarantee |
9.835 |
6.988 |
FIXED ASSETS
- Freehold Land
- Office Equipment
- Building
- Furniture and Fixture
- Computer
- Plant and Machinery
- Vehicle
- Air Conditioner
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 63.92 |
|
|
1 |
INR 89.55 |
|
Euro |
1 |
INR 79.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
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.