|
|
|
%20LIMITED%20-%20492763%2019-Feb-2018_files/image015.jpg){kind=small}
%20LIMITED%20-%20492763%2019-Feb-2018_files/image016.jpg)
%20LIMITED%20-%20492763%2019-Feb-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
492763 |
|
Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
CONCAST (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
47-48, Jolly Maker Chamber II, 4th Floor, Nariman Point, Mumbai
– 400021, Maharashtra |
|
Tel. No.: |
91-22-22020414 / 22027430 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
23.03.1973 |
|
|
|
|
Com. Reg. No.: |
11-016413 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 9.884 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29290MH1973PLC016413 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
GSTIN/UIN : |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC1759M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Setting up of Continuous Casting Machines in Steel Plants. [Registered Activity] |
|
|
|
|
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Primetal Technologies Japan Limited, Japan” and was incorporated in the year 1973. For the financial year 2017, the company has reported dip in its revenue by 9.08% as compared to the previous year along with an average profit margin of 2.16%. The sound financial risk profile of the company is marked by healthy networth base along with debt free balance sheet and favourable gap between trade payables and trade receivables. Rating takes into consideration the subject’s healthy Earnings Per Share of INR 234.36 against the Face Value of INR 100. The rating also derives strength from its holding company as it receives financial and managerial support and its experienced management team. Payments seems to be regular and as per commitment. 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
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 19.02.2018
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 : |
47-48, Jolly Maker Chamber II, 4th Floor, Nariman Point,
Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-22020414 / 22027430 |
|
Fax No.: |
91-22-22850480 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate / Project Office / Factory : |
Concast House, 1/5, Marol Co-operative Industrial Estate, Off Sir M
Vasanji Road, Marol, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-67142222/ 28501789/ 28506845 |
|
Fax No.: |
91-22-28515145 |
|
E-Mail : |
|
|
|
|
|
Delhi Office : |
Sagar Deep, Plot No. 11, 3rd Floor, LSC Saini Enclave,
Vikas Marg, New Delhi – 110092, India |
|
Tel No.: |
91-11-22373916/22370778 |
|
|
|
|
Kolkata Office : |
153/A, VIP Road, 2nd Floor, Kolkata – 700054, West Bengal,
India |
|
Tel No.: |
91-33-23559214 / 23552062 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. John Mathai Kadapuram |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 12, Narmada Building, Sector-14, Vashi, Navi Mumbai – 400705, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.03.1946 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Sc., AMIE |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2018 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00076925 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Darius Erachshaw Udwadia |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Empress Court, 142, M-Karve Road, Mumbai – 400020, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.09.1939 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
M.A (Hons), LLB |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.09.2014 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00009755 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Krishna Kumar Saxena |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-303, Gokul Nagari II, Thakur Village, Above Chola Restaurant, Kandivali (East), Mumbai – 400101, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.10.1947 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.sc, B.E. (MET) |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.09.2014 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06885091 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Johann Penn |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Parzerweg 73, Altenberg Bei Linz, 4203, Austria |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.10.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07192191 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kiran K Shah |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
11/111, Priti Sadan, Sikka Nagar, V.P. Road, Mumbai – 400004, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.09.2017 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07760026 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Akira Goto |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Casual Vacancy Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
3-35-3-407, Inokuchi dai, Nishi-ku, Hiroshima City NA,
Japan |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.12.2017 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06743428 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Primetals Technologies Japan Limited, Japan |
|
98829 |
|
Primetals Technologies South Asia Private Limited |
|
1 |
|
Manish Arora |
|
1 |
|
Yutaka Matsuda |
|
1 |
|
Hitoshi Kawano |
|
1 |
|
MHI Steel Mach. Engg. Services Co. Limited, Japan |
|
1 |
|
Nakata Mfg. Co. Limited, Japan |
|
1 |
|
|
|
|
|
Total |
|
98835 |
Equity Share Break up (Percentage of Total Equity)
AS ON 22.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
100.00 |
|
Total |
100.00 |
%20LIMITED%20-%20492763%2019-Feb-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Setting up of Continuous Casting Machines in Steel Plants. [Registered Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
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 : |
|
|
Auditors : |
|
|
Name : |
Ford Rlodes Parks and Co. LLP Chartered Accountants |
|
Address : |
312-313, Sai Commercial Buidling, Bks Devashi Marg, Govandi (East), Mumbai – 400088, Maharashtra, India |
|
PAN No.: |
AAAFF1843L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate Holding company : |
·
Mitsubishi Hitachi Metals Machinery Inc.,
Japan |
|
|
|
|
Holding company : |
· Primetal Technologies Japan Limited, Japan ·
Primetal's Technologies Limited, United
Kingdom |
|
|
|
|
Fellow Subsidiary company : |
· Primetals Technologies Austria Gmbh, Austria · Mitsubishi Hitachi Steel Machinery Engg and Serv Co., Japan · Primetals Technologies India Private Limited, India |
CAPITAL STRUCTURE
AS ON 22.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98835 |
Equity Shares |
INR 100/- each |
INR 9.884 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 |
9.884 |
9.884 |
9.884 |
|
(b) Reserves & Surplus |
453.076 |
429.913 |
429.913 |
|
(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) |
462.960 |
439.797 |
439.797 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.655 |
2.151 |
0.000 |
|
(d) Long-term
provisions |
32.501 |
27.721 |
26.789 |
|
Total Non-current
Liabilities (3) |
35.156 |
29.872 |
26.789 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
157.502 |
162.467 |
165.169 |
|
(c) Other
current liabilities |
130.072 |
126.444 |
141.515 |
|
(d) Short-term
provisions |
17.236 |
28.104 |
17.007 |
|
Total Current
Liabilities (4) |
304.810 |
317.015 |
323.691 |
|
|
|
|
|
|
TOTAL |
802.926 |
786.684 |
790.277 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5.133 |
10.967 |
14.052 |
|
(ii)
Intangible Assets |
0.411 |
0.965 |
1.639 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
1.037 |
0.591 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
31.770 |
26.114 |
21.874 |
|
(d)
Long-term Loan and Advances |
145.446 |
114.402 |
78.140 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
183.797 |
153.039 |
115.705 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
24.333 |
36.273 |
54.968 |
|
(c) Trade
receivables |
204.711 |
189.012 |
222.978 |
|
(d) Cash
and cash equivalents |
313.320 |
343.159 |
329.307 |
|
(e)
Short-term loans and advances |
52.914 |
36.767 |
62.486 |
|
(f) Other current
assets |
23.851 |
28.434 |
4.833 |
|
Total
Current Assets |
619.129 |
633.645 |
674.572 |
|
|
|
|
|
|
TOTAL |
802.926 |
786.684 |
790.277 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1071.812 |
1178.969 |
1494.904 |
|
|
Other Income |
41.112 |
42.902 |
31.683 |
|
|
TOTAL |
1112.924 |
1221.871 |
1526.587 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
441.750 |
567.920 |
717.160 |
|
|
Purchases of
Stock-in-Trade |
286.358 |
275.009 |
334.685 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.476 |
10.995 |
0.020 |
|
|
Employee benefit expense |
198.536 |
195.197 |
184.706 |
|
|
CSR expenditure |
1.960 |
2.812 |
3.352 |
|
|
Other expenses |
140.423 |
145.275 |
160.628 |
|
|
Prior period items |
0.530 |
0.000 |
0.000 |
|
|
TOTAL |
1070.033 |
1197.208 |
1400.551 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
42.891 |
24.663 |
126.036 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.578 |
0.011 |
0.058 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
40.313 |
24.652 |
125.978 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
4.138 |
5.730 |
5.083 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
36.175 |
18.922 |
120.895 |
|
|
|
|
|
|
|
Less |
TAX |
13.012 |
5.423 |
40.606 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
23.163 |
13.499 |
80.289 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
234.36 |
136.59 |
812.36 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(32.724) |
30.375 |
143.586 |
|
Net cash flows from (used in) operating activities |
(47.742) |
9.005 |
86.048 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
69.71 |
58.52 |
54.44 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.24 |
6.24 |
6.70 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
78.96 |
70.35 |
57.32 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.76 |
0.68 |
2.29 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
6.52 |
1.97 |
8.03 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.38 |
0.40 |
0.41 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.66 |
0.72 |
0.74 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.01 |
0.03 |
0.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
16.64 |
2242.09 |
2173.03 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
2.16 |
1.14 |
5.37 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.88 |
1.72 |
10.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.00 |
3.07 |
18.26 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.03 |
2.00 |
2.08 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.95 |
1.88 |
1.91 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.58 |
0.56 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.03 |
2.00 |
2.08 |
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 |
9.884 |
9.884 |
9.884 |
|
Reserves & Surplus |
429.913 |
429.913 |
453.076 |
|
Net
worth |
439.797 |
439.797 |
462.960 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
%20LIMITED%20-%20492763%2019-Feb-2018_files/image022.gif)
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 |
1494.904 |
1178.969 |
1071.812 |
|
|
|
(21.134) |
(9.089) |
%20LIMITED%20-%20492763%2019-Feb-2018_files/image024.gif)
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 |
1494.904 |
1178.969 |
1071.812 |
|
Profit/ (Loss) |
80.289 |
13.499 |
23.163 |
|
|
5.37
% |
1.14
% |
2.16
% |
%20LIMITED%20-%20492763%2019-Feb-2018_files/image026.gif)
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 |
No |
|
20 |
Banking Details |
No |
|
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 |
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 |
THE STATE OF THE COMPANY’S
AFFAIRS
KEY FINANCIAL
HIGHLIGHTS:
During the year the Company has reported a total income of INR 1112.924 million (includes non-operating income of INR 41.112 million).
No material changes and commitments have occurred after the close of the year till the date of this Report, which affect the financial position of the Company.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B93533131 |
90164080 |
CANARA BANK |
12/10/2000 |
13/04/2007 |
10/01/2014 |
150000000.0 |
TAMARIND LANE BRANCH8/10, CALCOT HOUSE, TAMARIND LANE, MUMBAI MH400023IN |
|
2 |
B80336662 |
90162204 |
CANARA BANK |
27/10/1988 |
- |
28/06/2013 |
3465600.0 |
TAMARIND LANE BRANCHCALCOT HOUSE; TAMARIND LANE; MUMBAI MH400023IN |
|
3 |
B80336753 |
90162542 |
CANARA BANK |
28/11/1991 |
28/11/1991 |
28/06/2013 |
9250000.0 |
TAMARIND LANEFORTMUMBAIMH400023IN |
|
4 |
B80335888 |
90162590 |
CANARA BANK |
20/03/1992 |
- |
28/06/2013 |
3300000.0 |
TAMARIND LANE FORT MUMBAI MH400023IN |
|
5 |
B80334121 |
80066784 |
CANARA BANK |
15/04/1991 |
- |
28/06/2013 |
500000.0 |
TAMARIND LANE FORT MUMBAI MH400001IN |
|
6 |
B80331424 |
90163751 |
CANARA BANK |
10/08/1993 |
10/08/1993 |
28/06/2013 |
10000000.0 |
TAMARIND LANE BOMBAY MH400023IN |
|
7 |
B80331192 |
90161856 |
CANARA BANK |
27/03/1995 |
27/03/1995 |
28/06/2013 |
7000000.0 |
TAMARIND LANE CALCOT HOUSE MUMBAI MH400023IN |
|
8 |
B80339492 |
90242756 |
CANARA BANK |
16/08/2005 |
08/05/2007 |
28/06/2013 |
302500000.0 |
TAMARIND LANE BRANCH 8/10, CALCOT HOUSE, TAMARIND LANE, MUMBAI MH400023IN |
|
9 |
B80339195 |
90241578 |
CANARA BANK |
20/09/2005 |
- |
28/06/2013 |
66620000.0 |
CALCOT BRANCH TAMARIND LANE MUMBAI MH400023IN |
|
10 |
B80334972 |
90162483 |
CANARA BANK |
15/04/1991 |
- |
28/06/2013 |
15000000.0 |
TAMARIND LANE MUMBAI MH400023IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 63.91 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
INFORMATION DETAILS
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
NKT |
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.