|
|
|
MIRA
INFORM REPORT
|
Report No. : |
493950 |
|
Report Date : |
22.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
OFB TECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-6, First Floor, Green Park Extension, New Delhi - 110016 |
|
Mobile No.: |
91-9987098793 (Mr. Asish Mohapatra) |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
24.08.2015 |
|
|
|
|
Com. Reg. No.: |
55-284428 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.731 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140DL2015PTC284428 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
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TIN No: |
03502203036 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCO1867C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
· Providing Business Support Services. (Registered Activity) · Trader of steel and iron products such as sheets, plates, coils, angles, wire rod, strips, cement, polymers and construction products. (Registered activity and also confirmed by management) |
|
|
|
|
No. of Employees
: |
170 (Approximately) |
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 |
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|
Comments : |
Subject was incorporated in the year 2015. It is a trader of steel and
iron products such as sheets, plates, coils, angels, wire rod, strips,
cement, polymers and construction products. As per financial records of 2017, the company has earned a massive growth
in its revenue as compared to the previous year but it has incurred
operational losses. The overall financial position of the company seems to be fair marked
by adequate net worth base. Rating is constrained on account of limited track record of the
company. Business is active. 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 (30.09.2017) |
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 04.12.2017
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 PARTED BY
|
Name : |
Mr. Lokesh Garg |
|
Designation : |
General Manager-Finance |
|
Contact No.: |
91-9810755125 |
LOCATIONS
|
Registered Office : |
E-6, First Floor, Green Park Extension, New Delhi – 110016, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9987098793 (Mr. Asish Mohapatra) 91-9810755125 (Mr. Lokesh Garg) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Residential |
|
|
|
|
Corporate Office
: |
Unit 101, Vipul Agora, MG Road, Gurugram – 122001, Haryana, India |
|
Tel. No.: |
91-124-4006603 |
|
|
|
|
Branch Office : |
Shop No.5, Chopati Market, Fountain Chowk, Ludhiana – 141001, Punjab,
India |
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|
|
|
Branch Office : |
Also Located at
: ·
Guntur, Andhra Pradesh, India ·
Tiruchirappalli,
Tamilnadu, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Asish Mohapatra |
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|
Designation : |
Director |
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|
Address : |
E-6, First Floor, Green Park Extension, New Delhi-110016, India |
||||||||||||||||||||||||
|
Date of Appointment : |
24.08.2015 |
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DIN No.: |
06666246 |
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Other Directorship:
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||||||||||||||||||||||||
|
Name : |
Mr. Vikram Vaidyanathan |
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|
Designation : |
Nominee Director |
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|
Address : |
605, B-Wing, Dosti Florentine, Dosti Acres, New Uphill Link Road,
Wadala (East), Mumbai-400037, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Appointment : |
19.11.2015 |
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DIN No.: |
06764019 |
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Other Directorship:
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||||||||||||||||||||||||
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Name : |
Mr. Bhuvan Kumar Gupta |
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|
Designation : |
Director |
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|
Address : |
B-102, Parsvnath Prestige, Sector -93A, Noida-201304, Uttar Pradesh,
India |
||||||||||||||||||||||||
|
Date of Appointment : |
24.08.2015 |
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DIN No.: |
07251075 |
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|
Name : |
Mr. Gautam Patel |
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|
Designation : |
Director |
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Address : |
1st Floor, Noor Mansion 7, Chowpatty Seaface, Mumbai –
400007, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Appointment : |
05.01.2017 |
||||||||||||||||||||||||
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DIN No.: |
02304597 |
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Other Directorship:
|
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||||||||||||||||||||||||
|
Name : |
Ms. Ruchi Kalra |
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|
Designation : |
Director |
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|
Address : |
E-6, First Floor, Green Park Extension, New Delhi –
110016, India |
||||||||||||||||||||||||
|
Date of Appointment : |
18.11.2016 |
||||||||||||||||||||||||
|
DIN No.: |
03103474 |
||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Lokesh Garg |
|
Designation : |
General Manager-Finance |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDING FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
89.36 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
9.81 |
|
Public/Other than promoters - Body corporate |
0.82 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Providing Business Support Services. (Registered Activity) · Trader of steel and iron products such as sheets, plates, coils, angles, wire rod, strips, cement, polymers and construction products. (Registered activity and also confirmed by management) |
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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 : |
|||||
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Selling : |
NEFT/RTGS |
||||
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|
||||
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Purchasing : |
NEFT/RTGS |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users,
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No. of Employees : |
170 (Approximately) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Lodha and Company Chartered Accountants |
|
Address : |
14 Government, Place East, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFL1894Q |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Subsidiary: |
OXYZO Financial Services Private Limited – U65929DL2016PTC306174 |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46640 |
Equity Shares |
INR 10/- each |
INR 0.466 Million |
|
6594 |
Preference Shares |
INR 100/- each |
INR 0.659 Million |
|
|
Total |
|
INR 1.125
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10560 |
Equity Shares |
INR 10/- each |
INR 0.106 Million |
|
6252 |
Preference Shares |
INR 100/- each |
INR 0.625 Million |
|
|
Total |
|
INR 0.731
Million |
AS ON 29.09.2017
Authorised Capital : INR 1.126 Million
Issued, Subscribed & Paid-up Capital : INR 0.398 Million
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.731 |
0.396 |
|
(b) Reserves and Surplus |
|
843.501 |
272.287 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
5.844 |
|
Total
Shareholders’ Funds (1) + (2) |
|
844.232 |
278.527 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
107.143 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
3.832 |
0.741 |
|
Total Non-current
Liabilities (3) |
|
110.975 |
0.741 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
17.136 |
5.846 |
|
(c) Other
current liabilities |
|
66.528 |
11.995 |
|
(d) Short-term
provisions |
|
0.004 |
0.001 |
|
Total Current
Liabilities (4) |
|
83.668 |
17.842 |
|
|
|
|
|
|
TOTAL |
|
1038.875 |
297.110 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
5.693 |
4.039 |
|
(ii)
Intangible Assets |
|
3.928 |
3.314 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
20.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
1.120 |
0.660 |
|
(e) Other
Non-current assets |
|
2.595 |
0.000 |
|
Total Non-Current
Assets |
|
33.336 |
8.013 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
605.154 |
175.877 |
|
(b)
Inventories |
|
1.766 |
5.405 |
|
(c) Trade
receivables |
|
287.384 |
56.357 |
|
(d) Cash and
bank balances |
|
77.845 |
36.147 |
|
(e)
Short-term loans and advances |
|
29.035 |
13.854 |
|
(f) Other
current assets |
|
4.355 |
1.457 |
|
Total
Current Assets |
|
1005.539 |
289.097 |
|
|
|
|
|
|
TOTAL |
|
1038.875 |
297.110 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1858.076 |
102.244 |
|
|
Other Income |
|
13.790 |
3.155 |
|
|
TOTAL |
|
1871.866 |
105.399 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
160.839 |
8.155 |
|
|
Purchases of
Stock-in-Trade |
|
1625.455 |
97.534 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
3.639 |
(5.405) |
|
|
Employee benefit expense |
|
140.578 |
39.610 |
|
|
Other expenses |
|
63.672 |
13.421 |
|
|
TOTAL |
|
1994.183 |
153.315 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
(122.317) |
(47.916) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
16.589 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(138.906) |
(47.916) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
3.654 |
0.620 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(142.560) |
(48.536) |
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(142.560) |
(48.536) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
|
42.857 |
0.000 |
|
Cash generated from operations |
|
(327.936) |
(109.239) |
|
Net cash flows from (used in) operations |
|
(327.887) |
(109.239) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
|
56.45 |
201.19 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
6.47 |
1.81 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
3.50 |
20.19 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
(69.26) |
(8.87) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
(12.71) |
(6.52) |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
|
0.22 |
0.06 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
0.18 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
0.10 |
0.06 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
0.01 |
0.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
(7.37) |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
(7.67) |
(47.47) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
(13.72) |
(16.34) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
(16.89) |
(17.43) |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets /
Current Liabilities) |
|
12.02 |
16.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
12.00 |
15.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.81 |
0.94 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
205.20 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
12.02 |
16.20 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
0.396 |
0.731 |
|
Reserves & Surplus |
272.287 |
843.501 |
|
Share Application money
pending allotment |
5.844 |
0.000 |
|
Net
worth |
278.527 |
844.232 |
|
|
|
|
|
Long-term borrowings |
0.000 |
107.143 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
150.000 |
|
Debt/Equity
ratio |
0.000 |
0.178 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
|
Sales |
102.244 |
1858.076 |
|
|
0.000 |
1717.296 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
|
Sales |
102.244 |
1858.076 |
|
Profit/ (Loss) |
(48.536) |
(142.560) |
|
|
(47.47
%) |
(7.67
%) |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.731 |
0.396 |
|
(b) Reserves and Surplus |
|
843.501 |
272.287 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
5.844 |
|
Total
Shareholders’ Funds (1) + (2) |
|
844.232 |
278.527 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
107.143 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
3.832 |
0.741 |
|
Total Non-current
Liabilities (3) |
|
110.975 |
0.741 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
17.136 |
5.846 |
|
(c) Other
current liabilities |
|
66.528 |
11.995 |
|
(d) Short-term
provisions |
|
0.004 |
0.001 |
|
Total Current
Liabilities (4) |
|
83.668 |
17.842 |
|
|
|
|
|
|
TOTAL |
|
1038.875 |
297.110 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
5.693 |
4.039 |
|
(ii)
Intangible Assets |
|
3.928 |
3.314 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
1.120 |
0.660 |
|
(e) Other
Non-current assets |
|
2.595 |
0.000 |
|
Total Non-Current
Assets |
|
13.336 |
8.013 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
605.154 |
175.877 |
|
(b)
Inventories |
|
1.766 |
5.405 |
|
(c) Trade
receivables |
|
287.384 |
56.357 |
|
(d) Cash and
bank balances |
|
97.845 |
36.147 |
|
(e)
Short-term loans and advances |
|
29.035 |
13.854 |
|
(f) Other
current assets |
|
4.355 |
1.457 |
|
Total
Current Assets |
|
1025.539 |
289.097 |
|
|
|
|
|
|
TOTAL |
|
1038.875 |
297.110 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1858.076 |
102.244 |
|
|
Other Income |
|
13.790 |
3.155 |
|
|
TOTAL |
|
1871.866 |
105.399 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
160.839 |
8.155 |
|
|
Purchases of Stock-in-Trade |
|
1625.455 |
97.534 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
3.639 |
(5.405) |
|
|
Employee benefit expense |
|
140.578 |
39.610 |
|
|
Other expenses |
|
63.672 |
13.421 |
|
|
TOTAL |
|
1994.183 |
153.315 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
(122.317) |
(47.916) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
16.589 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(138.906) |
(47.916) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
3.654 |
0.620 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(142.560) |
(48.536) |
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(142.560) |
(48.536) |
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 |
Yes |
|
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 |
Yes |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY’S
AFFAIRS, OPERATING RESULTS AND PROFITS
During the period, Being the second year since the company was incorporated on August 24, 2015, the company has earned a consolidated revenue of INR 1871.865 Million However, the company has incurred expenses of INR. 2014.425 Million the Directors are hopeful that in view of these financial result the efforts will be enhanced by the Company for promoting its services, the business of the Company would further augment in the coming years.
Further, there are no significant material order passed by the Regulators/Courts which would impact the going concern status of the company and its future operations and there been no change in the business of the company.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Term loans |
107.143 |
0.000 |
|
Total |
107.143 |
0.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G51671386 |
100118849 |
KOTAK MAHINDRA BANK LIMITED |
24/08/2017 |
- |
- |
125000000.0 |
1ST FLOOR, ASSET AREA 9, IBIS COMMERCIAL BLOCKHOSPITALITIY DIST, DELHI AEROCITYNEW DELHIDL110037IN |
|
2 |
G35284686 |
100076378 |
INNOVEN CAPITAL INDIA PRIVATE LIMITED |
11/01/2017 |
- |
- |
150000000.0 |
12TH FLOOR, EXPRESS TOWERS,NARIMAN POINT,MUMBAIMA400021IN |
FIXED ASSETS:
- Furniture and fixtures
- Office equipment
- Computer equipments
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 64.81 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 79.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
NKTS |
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 |
NO |
|
--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.