|
|
|
MIRA INFORM REPORT
|
Report No. : |
492589 |
|
Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
G. K. DAIRY AND MILK PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-5/6, Pragati Chambers, Ranjit Nagar, Commercial Complex, New Delhi – 110008 |
|
Tel. No.: |
91-11-45140912/19 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
15.11.1995 |
|
|
|
|
Com. Reg. No.: |
55-073843 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 82.250 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PTC073843 |
|
|
|
|
TIN No: |
07230200117 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AAACG3118J3ZS (New Delhi) 06AAACG3118J1ZW (Haryana) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACG3118J |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Subject
is engaged in activities of Processing and Manufacturing of Milk, Milk
Products and Beverages.
(Registered Activity) |
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|
|
|
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 660000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 1995 having
satisfactory track records. Management of the company has not filed its financial with the
government department for the year 2017. As per available financial of 2016, the company has witnessed a
healthy growth in its revenue and has reported profit margin at 0.14%
(approx.) The company possesses sound financial profile marked by decent net
worth base along with fair debt level and favourable gap between trade
payables to its trade receivables. The company also derives strength from its long standing track record
of business operation. However, the rating strength is partially offset by low profit margin
of the company. Trade relations are reported as fair. Business is active. Payment
terms are seems to be slow but correct. In view of the 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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 : |
B-5/6, Pragati Chambers, Ranjit Nagar, Commercial Complex, New Delhi – 110008, India |
|
Tel. No.: |
91-11-45140912/19 |
|
Fax No.: |
91-11-45140914 |
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E-Mail : |
|
|
Website : |
|
|
|
|
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Factory : |
196/231, Sikri-Harphala Road, Ballabgarh, Faridabad-121004, Haryana, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Gaurav Dixit |
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|
Designation : |
Director |
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Address : |
K-68, Kirti Nagar, New Delhi-110015, India |
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Date of Birth/Age : |
20.01.1983 |
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Qualification : |
MBA |
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PAN No.: |
AFCPD3018A |
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Date of Appointment : |
01.09.2008 |
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DIN No: |
00252025 |
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Other Directorship:
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Name : |
Mr. Gopal Dixit |
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Designation : |
Director |
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|
Address : |
K-68, Kirti Nagar, New Delhi-110015, India |
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|
Date of Birth/Age : |
03.11.1962 |
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|
Qualification : |
Graduate |
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PAN No.: |
AAKPD7319K |
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Date of Appointment : |
05.10.1998 |
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DIN No: |
00252035 |
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Other Directorship:
|
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|
||||||||||||
|
Name : |
Mrs. Usha Dixit |
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|
Designation : |
Director |
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|
Address : |
K-68, Kirti Nagar, New Delhi-110015, India |
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|
Date of Birth/Age : |
23.07.1963 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.12.2014 |
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PAN No.: |
ADVPD4497N |
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DIN No: |
06490452 |
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Other Directorship:
|
|||||||||||||
KEY EXECUTIVES
|
Name : |
K.J. Associates |
|
Designation : |
Company Secretary |
|
Address : |
208, ztriveni Complex, E-10-12, Jawahar Park, Laxmi Nagar, New Delhi –
110092, India |
|
Tel No: |
91-11-42487414 |
|
Email: |
MAJOR SHAREHOLDERS
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Pyare Mohan Dixit |
|
2600 |
|
Usha Dixit |
|
605000 |
|
Gopal Dixit HUF |
|
101000 |
|
Gaurav Dixit |
|
949950 |
|
Gopal Dixit |
|
1473450 |
|
Delhi Dugdh Transport Company Private Limited, India |
|
196000 |
|
Satnam Financial Services Limited, India |
|
590000 |
|
East India Iron and Steel Company Limited, India |
|
100000 |
|
Milan Dairy Foods Private Limited, India |
|
2650000 |
|
Govindjee Dairy Milk private Limited, India |
|
913000 |
|
Neeraj Sharma |
|
102000 |
|
Dheeraj Sharma |
|
102000 |
|
Saket Sharma |
|
125000 |
|
Jitendra Shukla |
|
150000 |
|
Deepak Sharma |
|
125000 |
|
Shyam Paul |
|
10000 |
|
V.K. Tiwari |
|
30000 |
|
Total |
|
8225000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
38.08 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
7.83 |
|
Promoters (Body corporate) |
54.09 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject
is engaged in activities of Processing and Manufacturing of Milk, Milk
Products and Beverages.
(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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Prem Gupta and Company Chartered Accountants |
|
Address : |
4, Shivaii Marg, Naiafgarh Road, New Delhi-110015, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFP6102E |
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|
|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with
Key management personnel and their relatives |
|
CAPITAL STRUCTURE
As on: 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
INR 10/- each |
INR 90.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8225000 |
Equity Shares |
INR 10/- each |
INR 82.250 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
82.250 |
82.250 |
82.250 |
|
(b) Reserves & Surplus |
148.108 |
141.708 |
134.783 |
|
(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) |
230.358 |
223.958 |
217.033 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
43.002 |
50.756 |
44.342 |
|
(b) Deferred tax liabilities (Net) |
3.508 |
2.697 |
3.744 |
|
(c) Other long term
liabilities |
141.082 |
139.840 |
98.838 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
187.592 |
193.293 |
146.924 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
374.233 |
286.714 |
318.033 |
|
(b) Trade
payables |
178.715 |
138.254 |
83.408 |
|
(c) Other
current liabilities |
111.447 |
100.221 |
106.148 |
|
(d) Short-term
provisions |
5.360 |
4.250 |
5.000 |
|
Total Current
Liabilities (4) |
669.755 |
529.439 |
512.589 |
|
|
|
|
|
|
TOTAL |
1087.705 |
946.690 |
876.546 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
172.746 |
198.727 |
216.407 |
|
(ii)
Intangible Assets |
0.232 |
0.263 |
0.424 |
|
(iii)
Capital work-in-progress |
3.020 |
3.020 |
2.800 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.013 |
0.013 |
0.013 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
13.811 |
14.743 |
13.470 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
189.822 |
216.766 |
233.114 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
557.218 |
495.080 |
477.416 |
|
(c) Trade
receivables |
213.037 |
183.742 |
100.871 |
|
(d) Cash
and cash equivalents |
82.274 |
8.936 |
20.017 |
|
(e)
Short-term loans and advances |
27.617 |
12.688 |
10.476 |
|
(f) Other
current assets |
17.737 |
29.478 |
34.652 |
|
Total
Current Assets |
897.883 |
729.924 |
643.432 |
|
|
|
|
|
|
TOTAL |
1087.705 |
946.690 |
876.546 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
4645.981 |
4338.464 |
4032.170 |
|
|
Other Income |
1.960 |
3.966 |
6.084 |
|
|
TOTAL |
4647.941 |
4342.430 |
4038.254 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
4467.219 |
3990.168 |
3680.392 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
1.921 |
1.729 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(79.547) |
(2.111) |
(10.717) |
|
|
Employees benefits
expense |
35.593 |
44.324 |
51.438 |
|
|
Other expenses |
151.453 |
227.796 |
222.991 |
|
|
TOTAL |
4574.718 |
4262.098 |
3945.833 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
73.223 |
80.332 |
92.421 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
40.899 |
43.414 |
44.965 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
32.324 |
36.918 |
47.456 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.514 |
26.218 |
36.931 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
10.810 |
10.700 |
10.525 |
|
|
|
|
|
|
|
Less |
TAX |
4.410 |
3.166 |
3.476 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
6.400 |
7.534 |
7.049 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
13.213 |
173.972 |
|
|
TOTAL EARNINGS |
0.000 |
13.213 |
173.972 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.78 |
0.92 |
0.86 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
16.052 |
17.571 |
21.508 |
|
Net cash flows from (used in) operations |
10.810 |
10.700 |
120.704 |
|
Net cash flows from (used in) operating activity |
10.810 |
10.700 |
71.383 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
16.74 |
15.46 |
9.13 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
21.81 |
23.61 |
39.97 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
14.60 |
12.64 |
8.27 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.13 |
0.16 |
0.19 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.42 |
0.40 |
0.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.67 |
0.63 |
0.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.88 |
1.59 |
1.77 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.91 |
2.36 |
2.36 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.76 |
0.90 |
1.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.79 |
1.85 |
2.06 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.14 |
0.17 |
0.17 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.59 |
0.80 |
0.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.78 |
3.36 |
3.25 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.34 |
1.38 |
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.51 |
0.44 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.21 |
0.24 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.27 |
4.32 |
4.67 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.34 |
1.38 |
1.26 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR In
Million |
INR
In Million |
|
Share Capital |
82.250 |
82.250 |
82.250 |
|
Reserves & Surplus |
134.783 |
141.708 |
148.108 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
217.033 |
223.958 |
230.358 |
|
|
|
|
|
|
long-term borrowings |
44.342 |
50.756 |
43.002 |
|
Short term borrowings |
318.033 |
286.714 |
374.233 |
|
Current maturities of
long-term debts |
21.508 |
17.571 |
16.052 |
|
Total
borrowings |
383.883 |
355.041 |
433.287 |
|
Debt/Equity
ratio |
1.769 |
1.585 |
1.881 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
4032.170 |
4338.464 |
4645.981 |
|
|
|
7.596 |
7.088 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
4032.170 |
4338.464 |
4645.981 |
|
Profit |
7.049 |
7.534 |
6.400 |
|
|
0.17% |
0.17% |
0.14% |
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 |
No |
|
26 |
Turnover of firm for last two/ 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 |
OVERVIEW AND STATE OF
THE COMPANYS AFFAIRS:
During the year, the company made significant development in product and product range and infrastructure. During the year the Company has generated revenue from operations amounting to INR 4645.981 million in comparison to INR 4338.464 million of last financial Year and have a growth of 6.92%. The company has also earned other Income of INR 1.960 Million in comparison to INR 3.966 million of last financial Year. The company has managed profit before tax at the level of INR 10.810 million in comparison to INR 10.700 million of last Financial Year.
CORPORATE INFORMATION
The company was incorporated on 15th November 1995 and since then, it is engaged in activities of Processing and Manufacturing of Milk, Milk Products and Beverages.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
29.268 |
23.769 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand |
2.062 |
0.000 |
|
Total |
31.330 |
23.769 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G51217446 |
100111489 |
State Bank of India |
13/07/2017 |
12/08/2017 |
- |
3000000.0 |
RASMECCC (Maintenance), Shanker Road,New Rajinder Nagar,New DelhiDL110060IN |
|
2 |
G06891220 |
100036655 |
ORIENTAL BANK OF COMMERCE |
23/03/2016 |
- |
- |
100000000.0 |
M-1/2/3 CONNAUGHT CIRCUSNEW DELHINEW DELHIDL110001IN |
|
3 |
B96753504 |
10478448 |
HDFC BANK LIMITED |
23/12/2013 |
- |
- |
3840000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
B86875424 |
10349107 |
ING VYSYA BANK LIMITED |
28/02/2012 |
16/08/2013 |
- |
357338000.0 |
West Patel Nagar13,Main Road,NEW DELHIDL110008IN |
|
5 |
G52183522 |
10013556 |
CANARA BANK |
29/06/2006 |
09/03/2010 |
30/08/2017 |
65000000.0 |
SME BRANCHSANJAY PLACEAGRAUP282002IN |
|
6 |
B42671974 |
10281323 |
PUNJAB NATIONAL BANK |
31/03/2011 |
16/12/2011 |
06/06/2012 |
245000000.0 |
WEST PATEL NAGARNEW DELHIDL110008IN |
|
7 |
B13521208 |
10165943 |
HDFC BANK LIMITED |
24/06/2009 |
24/02/2011 |
02/06/2011 |
168137593.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
8 |
B12172813 |
80031251 |
STATE BANK OF INDIA |
18/04/2003 |
- |
27/04/2011 |
211100000.0 |
MAYA PURINEW DELHIDL110064IN |
|
9 |
B12174389 |
10108853 |
STATE BANK OF INDIA |
12/03/2008 |
- |
27/04/2011 |
242800000.0 |
MID CORPORATE ADMINISTRATIVE UNIT2ND FLOORCHANDNI CHOWKDL110006IN |
|
10 |
B11689213 |
10155774 |
3i Infotech Trusteeship Services Limited |
25/03/2009 |
- |
18/04/2011 |
50000000.0 |
3rd to 6th floor, International Infotech Park,Tower No.5, Vashi Railway Station Complex, VashiNavi MumbaiMH400703IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Office equipment\
- Computer equipments
- Computer software
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
: |
DIV |
|
|
|
|
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.