|
|
|
MIRA INFORM REPORT
|
Report No. : |
493602 |
|
Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
NIRMAL WIRES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
“Rudramani”, 1720 Laskarhat E.M. Bypass, 15th and 16th
Floor, Kolkata – 700039, West Bengal |
|
Tel. No.: |
91-33-66224848 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
19.10.1981 |
|
|
|
|
Com. Reg. No.: |
21-034204 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 20.447 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28909WB1981PTC034204 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0294000321 |
|
|
|
|
TIN No.: |
19270489093 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN9805H |
|
|
|
|
GSTIN : [Goods & Service Tax
Registration No.] |
19AAACN9805H1Z9 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
300 (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 : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Nirmal Wires Private Limited was incorporated in the year 1981. It is a manufacturer, exporter and supplier of G.I Wire and Allied products. For the financial year 2017, the company has reported decline in its revenue as compared to previous year but has managed to maintain average profit margin of 2.24%. The sound financial profile of the company is marked by adequate networth base along with comfortable debt coverage indicators. The company has decent earning per share (EPS) of INR 295 against the face value (FV) of INR 100. The rating takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. However, rating strengths are partially offset by large working capital requirement, exposure to intense competition, and vulnerability to volatility in raw material prices. Business is active. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for normal 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 |
ICRA |
|
Rating |
Fund Based (Withdrawn) = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
27.02.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits (Withdrawn) = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
27.02.2017 |
Reason for Withdrawn = At the request of company
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 24.02.2018
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Aysuh Agarwal |
|
Designation : |
Assistant General Manager – Finance |
|
Contact No.: |
91-9836756147 |
|
Date : |
23.02.2018 |
LOCATIONS
|
Registered Office : |
“Rudramani”, 1720 Laskarhat E.M. Bypass, 15th and 16th
Floor, Kolkata – 700039, West Bengal, India |
|
Tel. No.: |
91-33-66224848 |
|
Mobile No.: |
91-9836756147 (Mr. Aysuh) |
|
Fax No.: |
91-33-66224849 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality: |
Commercial |
|
|
|
|
Factory 1 : |
Roy Bagan, Jessore Road, Madhyamgram, Kolkata – 700129, India |
|
|
|
|
Factory 2 : |
Iswaripur, Police Station Bagnan, Howrah-711303, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Nirmal Kumar Saraf |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
BF-256, Salt Lake City, Sector-I, Kolkata - 700064, West Bengal, India |
||||||||||||||||
|
Date of Birth/Age : |
26.01.1959 |
||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||
|
Date of Appointment : |
19.10.1981 |
||||||||||||||||
|
PAN No.: |
AUVPS5490D |
||||||||||||||||
|
DIN No.: |
00148591 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Varun Saraf |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
BF-256, Salt Lake City, Sector-I, Kolkata - 700064, West Bengal, India |
||||||||||||||||
|
Date of Birth/Age : |
06.06.1986 |
||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||
|
Date of Appointment : |
13.11.2015 |
||||||||||||||||
|
PAN No.: |
BARPS6053F |
||||||||||||||||
|
DIN No.: |
02444147 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Prateek Saraf |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
BF-256, Salt Lake City, Sector-I, Kolkata - 700064, West Bengal, India |
||||||||||||||||
|
Date of Birth/Age : |
06.11.1988 |
||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||
|
Date of Appointment : |
13.11.2015 |
||||||||||||||||
|
PAN No.: |
BJBPS5689G |
||||||||||||||||
|
DIN No.: |
07336627 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Radha Raman Saraf |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
BF-256, Salt Lake City, Sector-I, Kolkata - 700064, West Bengal, India |
||||||||||||||||
|
Date of Birth/Age : |
20.09.1963 |
||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||
|
Date of Appointment : |
03.04.2010 |
||||||||||||||||
|
PAN No.: |
AVJPS1035K |
||||||||||||||||
|
DIN No.: |
00621121 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Aysuh Agarwal |
|
Designation : |
Assistant General Manager – Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Triveni Devi Saraf |
|
1900 |
|
Nirmal Kumar Saraf |
|
16124 |
|
Radha Raman Saraf |
|
14907 |
|
Piyush Saraf |
|
5210 |
|
Sudha Saraf |
|
40 |
|
Ramautar Saraf (HUF) |
|
3750 |
|
Ramautar Saraf (SELEF) |
|
11467 |
|
Nirmal Kumar Saraf (HUF) |
|
11987 |
|
Radha Raman Sarf (HUF) |
|
12107 |
|
Piush Saraf (HUF) |
|
10035 |
|
Varun Saraf |
|
4850 |
|
Shraddha Saraf |
|
4950 |
|
Seema Saraf |
|
4910 |
|
Gajendra Mercantiles Private Limited |
|
102100 |
|
Triveni Wire Craft Private Limited |
|
137 |
|
|
|
|
|
Total |
|
204474 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
6.54 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
43.46 |
|
Public - Bodies corporate |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
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Products : |
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Brand Names : |
Not Divulged |
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||||||||||
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Agencies Held : |
Not Divulged |
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|
||||||||||
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Exports : |
|
||||||||||
|
Products : |
·
Finished Goods |
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|
Countries : |
·
Bangladesh ·
Sri Lanka |
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|
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Imports : |
|
||||||||||
|
Products : |
·
Raw Material |
||||||||||
|
Countries : |
·
Korea ·
United Arab Emirates ·
China |
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|
|
|
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|
Terms : |
|
||||||||||
|
Selling : |
L/C, Cheque and Credit (30 Days) |
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|
|
|
||||||||||
|
Purchasing : |
L/C, Cheque and Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
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Customers : |
Retailers, OEMs
|
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|
|
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Agarwal Gupta Nokari and Rustagi Associates Chartered Accountants |
|
Address : |
12, Waterloo Street, Kolkata – 700069, West Bengal, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFA2153L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
U27106WB2005PTC103220
U31300WB1991PTC052378
U67120WB1942PTC010994
U51109WB1988PTC044339 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
225000 |
Equity Shares |
INR 100/- each |
INR 22.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
204474 |
Equity Shares |
INR 100/- each |
INR 20.447 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
20.447 |
20.447 |
20.447 |
|
(b) Reserves and Surplus |
330.371 |
270.078 |
249.706 |
|
(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) |
350.818 |
290.525 |
270.153 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
251.044 |
267.526 |
337.219 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
3.260 |
0.000 |
|
(c) Other long-term
liabilities |
0.605 |
0.878 |
5.443 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
251.649 |
271.664 |
342.662 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
349.561 |
387.148 |
574.187 |
|
(b) Trade
payables |
79.423 |
110.051 |
101.154 |
|
(c) Other
current liabilities |
32.629 |
29.116 |
6.944 |
|
(d) Short-term
provisions |
4.832 |
2.799 |
1.558 |
|
Total Current
Liabilities (4) |
466.445 |
529.114 |
683.843 |
|
|
|
|
|
|
TOTAL |
1068.912 |
1091.303 |
1296.658 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
286.486 |
285.746 |
374.906 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
6.182 |
|
(iv)
Intangible assets under development |
5.622 |
2.609 |
0.000 |
|
(b) Non-current Investments |
0.650 |
4.119 |
0.650 |
|
(c) Deferred tax assets (net) |
12.005 |
0.000 |
4.825 |
|
(d)
Long-term loans and advances |
12.111 |
21.041 |
21.031 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
316.874 |
313.515 |
407.594 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
225.979 |
362.066 |
192.437 |
|
(c) Trade
receivables |
427.551 |
296.766 |
396.738 |
|
(d) Cash and
bank balances |
24.000 |
27.816 |
210.254 |
|
(e)
Short-term loans and advances |
74.508 |
91.140 |
89.635 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
752.038 |
777.788 |
889.064 |
|
|
|
|
|
|
TOTAL |
1068.912 |
1091.303 |
1296.658 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2696.068 |
2849.885 |
1951.937 |
|
|
Other Income |
10.774 |
21.224 |
31.941 |
|
|
TOTAL |
2706.842 |
2871.109 |
1983.878 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1809.276 |
1539.054 |
955.954 |
|
|
Purchases of
Stock-in-Trade |
183.058 |
963.700 |
841.361 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
208.036 |
(160.221) |
(47.025) |
|
|
Employee benefit expense |
26.181 |
18.452 |
12.171 |
|
|
Other expenses |
287.254 |
280.686 |
124.639 |
|
|
TOTAL |
2513.805 |
2641.671 |
1887.100 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
193.037 |
229.438 |
96.778 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
48.844 |
91.583 |
54.882 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
144.193 |
137.855 |
41.896 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
73.193 |
101.984 |
86.763 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
71.000 |
35.871 |
(44.867) |
|
|
|
|
|
|
|
Less |
TAX |
10.706 |
15.499 |
(6.498) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
60.294 |
20.372 |
(38.369) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
158.397 |
195.304 |
|
|
TOTAL IMPORTS |
0.000 |
0.000 |
195.304 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
294.87 |
99.63 |
(187.65) |
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 |
|
Net cash flows from (used in) operations |
149.866 |
2.611 |
231.217 |
|
Net cash flows from (used in) operating activities |
115.633 |
(29.520) |
230.444 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
57.88 |
38.01 |
74.19 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
6.31 |
9.60 |
4.92 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
14.55 |
16.05 |
20.54 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.85 |
0.63 |
0.50 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.66 |
0.80 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.67 |
0.73 |
0.79 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.71 |
2.25 |
3.37 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.33 |
1.82 |
2.53 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.83 |
0.99 |
1.41 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
3.95 |
2.51 |
1.76 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
2.24 |
0.71 |
(1.97) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
5.64 |
1.87 |
(2.96) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
17.19 |
7.01 |
(14.20) |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.61 |
1.47 |
1.30 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.13 |
0.79 |
1.02 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.33 |
0.27 |
0.21 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
29.37 |
32.02 |
44.57 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.61 |
1.47 |
1.30 |
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 |
20.447 |
20.447 |
20.447 |
|
Reserves & Surplus |
249.706 |
270.078 |
330.371 |
|
Net
worth |
270.153 |
290.525 |
350.818 |
|
|
|
|
|
|
Long-term borrowings |
337.219 |
267.526 |
251.044 |
|
Short term borrowings |
574.187 |
387.148 |
349.561 |
|
Total
borrowings |
911.406 |
654.674 |
600.605 |
|
Debt/Equity
ratio |
3.374 |
2.253 |
1.712 |
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 |
1951.937 |
2849.885 |
2696.068 |
|
|
|
46.003 |
(5.397) |
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 |
1951.937 |
2849.885 |
2696.068 |
|
Profit/ (Loss) |
(38.369) |
20.372 |
60.294 |
|
|
(1.97
%) |
0.71
% |
2.24
% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from others |
15.300 |
0.000 |
|
Other loans and advances |
35.000 |
0.000 |
|
|
|
|
|
Total |
50.300 |
0.000 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G72442965 |
100143818 |
Bank of Baroda |
08/12/2017 |
- |
- |
1198900000.0 |
4, INDIA EXCHANGE PLACE KolkataWB700001IN |
|
2 |
G36591188 |
80046317 |
Bank of Baroda |
26/03/1992 |
12/01/2017 |
- |
1316100000.0 |
INDIA EXCHANGE BRANCH 4, INDIA EXCHANGE PLACEKOLKATAWB700001IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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 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 65.05 |
|
|
1 |
INR 90.41 |
|
Euro |
1 |
INR 79.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared by
: |
KJL |
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.