|
|
|
MIRA INFORM REPORT
|
Report No. : |
493943 |
|
Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
RIBBEL INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
5-A/4A, 1st Floor, Ansari Road, Darya Ganj, New Delhi – 110002 |
|
Tel. No.: |
91-11-23264399 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.08.1992 |
|
|
|
|
Com. Reg. No.: |
55-050010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 18.059 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18109DL1992PLC050010 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0592069541 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AAACR4715N1Z6 |
|
|
|
|
TIN No.: |
27080268885 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR4715N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Surgical Blades and Silkygold Foley
Balloon Catheter.
[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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 230000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1992. It is a manufacturer of
medical disposable surgical products. For the financial year ended 2017, the revenue of the company has increased
by 4.15% as compared to the previous year and has achieved an average net
profit margin of 1.12%. The company possesses satisfactory financial position marked by
adequate net worth base along with moderate debt balance sheet profile. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 |
CRISIL RATING |
|
Rating |
Long Term Rating = BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
29.05.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 27.02.2018.
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 : |
5-A/4A, 1st Floor, Ansari Road, Darya Ganj, New Delhi –
110002, India |
|
Tel. No.: |
91-11-23264399 / 43537990 / 23287043 |
|
Fax No.: |
91-11-23264398 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
24/12A, Shakti Nagar, Delhi – 110007, India |
|
|
|
|
Corporate Office/ Factory : |
20th Mile Jatheri Road, P.O. Rai, Sonepat – 131029,
Haryana, India |
|
Tel. No.: |
91-130-2368060/ 2368063/ 2368080/ 3204399 |
|
Fax No.: |
91-130-2368061 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rajender Kanodia |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
4/ 2, Roop Nagar, New Delhi – 110007, India |
||||||||||||||||
|
Date of Birth/Age : |
02.11.1950 |
||||||||||||||||
|
Date of Appointment : |
19.08.1992 |
||||||||||||||||
|
DIN No.: |
00372425 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Vikram Kanodia |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
4/ 2, Roop Nagar, New Delhi – 110007, India |
||||||||||||||||
|
Date of Birth/Age : |
01.11.1979 |
||||||||||||||||
|
Date of Appointment : |
14.08.1999 |
||||||||||||||||
|
DIN No.: |
00372505 |
||||||||||||||||
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Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mrs. Suman Kanodia |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
4/ 2, Roop Nagar, New Delhi – 110007, India |
||||||||||||||||
|
Date of Birth/Age : |
11.09.1953 |
||||||||||||||||
|
Date of Appointment : |
14.08.1999 |
||||||||||||||||
|
DIN No.: |
00372550 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Avinash Kanodia |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
4/ 2, Roop Nagar, New Delhi – 110007, India |
||||||||||||||||
|
Date of Birth/Age : |
04.01.1982 |
||||||||||||||||
|
Date of Appointment : |
02.06.2000 |
||||||||||||||||
|
DIN No.: |
00469727 |
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Other Directorship:
|
|||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 30.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Rajendra Kumar Kanodia |
|
45954 |
|
Suman Kanodia |
|
53460 |
|
Vikram Kanodia |
|
38400 |
|
Avinash Kanodia |
|
39000 |
|
Kanika Kanodia |
|
1200 |
|
Richa Kanodia |
|
1080 |
|
R.K. Kanodia and Sons (HUF) |
|
1500 |
|
Total |
|
180594 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Surgical Blades and Silkygold Foley Balloon
Catheter. [Registered
Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
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Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
Not Available |
PRODUCTION STATUS – (As on 31.03.2017)
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
|
Blade |
Per Annum |
100 Million surgical Blades |
52.24 Million surgical Blades |
|
Foley Catheter |
Pieces Per Annum |
40 Lac Pieces |
34.67 Lac Pieces |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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|
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No. of Employees : |
Not Available |
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|
|
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Bankers : |
|
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|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Gopal Mittal and Associates Chartered Accountants |
|
Address : |
301 and 302, III Floor, 79 Shyam Lal Marg, Darya Ganj, New Delhi – 110002, India |
|
Tel. No.: |
91-11-23282206/ 23285390 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No.: |
AAAFG9401F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : |
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
180594 |
Equity Shares |
INR 100/- each |
INR 18.059 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
18.059 |
18.059 |
18.059 |
|
(b) Reserves &
Surplus |
62.654 |
60.405 |
54.489 |
|
(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) |
80.713 |
78.464 |
72.548 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
91.236 |
11.489 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
7.979 |
7.131 |
5.744 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
99.215 |
18.620 |
5.744 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
73.452 |
147.478 |
141.617 |
|
(b) Trade payables |
30.775 |
14.240 |
27.157 |
|
(c) Other current
liabilities |
5.730 |
4.910 |
2.493 |
|
(d) Short-term provisions |
0.900 |
1.800 |
1.200 |
|
Total Current Liabilities
(4) |
110.857 |
168.428 |
172.467 |
|
|
|
|
|
|
TOTAL |
290.785 |
265.512 |
250.759 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
153.863 |
139.758 |
140.519 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.829 |
3.382 |
3.348 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
156.692 |
143.140 |
143.867 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
29.007 |
26.508 |
35.692 |
|
(c) Trade receivables |
33.539 |
41.914 |
38.359 |
|
(d) Cash and cash
equivalents |
34.221 |
21.590 |
12.713 |
|
(e) Short-term loans and
advances |
37.326 |
32.176 |
19.593 |
|
(f) Other current assets |
0.000 |
0.184 |
0.535 |
|
Total Current Assets |
134.093 |
122.372 |
106.892 |
|
|
|
|
|
|
TOTAL |
290.785 |
265.512 |
250.759 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
201.245 |
193.226 |
156.661 |
|
|
Other Income |
4.903 |
4.214 |
3.477 |
|
|
TOTAL |
206.148 |
197.440 |
160.138 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
91.197 |
77.696 |
86.449 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.499) |
9.185 |
(18.694) |
|
|
Employees benefits
expense |
36.991 |
32.713 |
24.613 |
|
|
Other expenses |
51.065 |
42.112 |
40.950 |
|
|
TOTAL |
176.754 |
161.706 |
133.318 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
29.394 |
35.734 |
26.820 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
13.902 |
16.221 |
12.780 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
15.492 |
19.513 |
14.040 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
11.331 |
10.175 |
7.425 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
4.161 |
9.338 |
6.615 |
|
|
|
|
|
|
|
Less |
TAX |
1.913 |
3.365 |
2.347 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
2.248 |
5.973 |
4.268 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
60.405 |
54.489 |
51.442 |
|
|
|
|
|
|
|
Add |
Adjustment for value of
asset over salvage value |
0.000 |
(0.057) |
(1.221) |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
62.653 |
60.405 |
54.489 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
152.453 |
149.031 |
136.124 |
|
|
TOTAL EARNINGS |
152.453 |
149.031 |
136.124 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
26.660 |
24.185 |
68.243 |
|
|
TOTAL IMPORTS |
26.660 |
24.185 |
68.243 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
12.45 |
33.08 |
23.63 |
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 |
|
Cash from operating activities |
(43.582) |
17.319 |
83.389 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
60.83 |
79.17 |
89.37 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
6.00 |
4.61 |
4.08 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
123.17 |
66.90 |
114.66 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.01 |
1.35 |
0.75 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.19 |
0.26 |
0.19 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.69 |
0.68 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.04 |
2.03 |
1.95 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.37 |
2.15 |
2.38 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.91 |
1.78 |
1.94 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.11 |
2.20 |
2.10 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
1.12 |
3.09 |
2.72 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.77 |
2.25 |
1.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.79 |
7.61 |
5.88 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.21 |
0.73 |
0.62 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.95 |
0.57 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.28 |
0.30 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.12 |
8.80 |
7.84 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.21 |
0.73 |
0.62 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
18.059 |
18.059 |
18.059 |
|
Reserves & Surplus |
54.489 |
60.405 |
62.654 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
72.548 |
78.464 |
80.713 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
11.489 |
91.236 |
|
Short term borrowings |
141.617 |
147.478 |
73.452 |
|
Total borrowings |
141.617 |
158.967 |
164.688 |
|
Debt/Equity ratio |
1.952 |
2.026 |
2.040 |
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 |
156.661 |
193.226 |
201.245 |
|
|
|
23.340 |
4.150 |
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 |
156.661 |
193.226 |
201.245 |
|
Profit |
4.268 |
5.973 |
2.248 |
|
|
2.72% |
3.09% |
1.12% |
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 |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL SUMMARY/ PERFORMANCE
OF THE COMPANY
During the financial year 2016-17, the total turnover of the company was amounting to INR 201.245 million as against INR 193.226 million in the previous year and the Statement of Profit and Loss shows a profit of INR 4.161 million as against the profit of INR 9.338 million in the previous year after charging Depreciation of INR 11.331 million as against INR 10.175 million in the previous year. No dividend is declared during the year and no amount has been transferred to any reserves.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Short-term
borrowings |
|
|
|
Loans and Advances From Related Party From Directors |
7.347 |
82.268 |
|
Other Loans and
Advances |
|
|
|
PNB Hong Kong |
24.005 |
24.005 |
|
From Banks Through Credit Cards |
0.427 |
0.343 |
|
Total |
31.779 |
106.616 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G45801420 |
100102567 |
Punjab National Bank |
27/12/2016 |
- |
- |
3175000.0 |
Mall Road, Near Vishwa Vidyalya Metro Station, Delhi-110054, India |
|
2 |
C08744765 |
10506555 |
Punjab National Bank |
08/04/2014 |
- |
- |
35000000.0 |
Mall Road, Near Vishwa Vidyalya Metro Station, Delhi-110054, India |
|
3 |
C08744872 |
10506557 |
Punjab National Bank |
08/04/2014 |
- |
- |
20000000.0 |
Mall Road, Near Vishwa Vidyalya Metro Station, Delhi-110054, India |
|
4 |
G04748521 |
10506556 |
Punjab National Bank |
08/04/2014 |
30/03/2016 |
- |
25000000.0 |
Mall Road, Near Vishwa Vidyalya Metro Station, Delhi-110054, India |
|
5 |
G04897872 |
10506553 |
Punjab National Bank |
08/04/2014 |
30/03/2016 |
- |
10000000.0 |
Mall Road, Near Vishwa Vidyalya Metro Station, Delhi-110054, India |
|
6 |
G04899316 |
10431750 |
Punjab National Bank |
10/06/2013 |
30/03/2016 |
- |
31000000.0 |
Mall Road, Near Vishwa Vidyalya Metro Station, Delhi-110054, India |
|
7 |
B38343653 |
10261767 |
Indian Overseas Bank |
06/12/2010 |
20/04/2012 |
- |
15000000.0 |
Connaught Place Branch, M-13, Punj House,Connaught Place, New Delhi-110001, India |
|
8 |
B79885877 |
10094413 |
Union Bank of India |
26/03/2008 |
11/05/2012 |
16/07/2013 |
500000.0 |
26/2, East Patel Nagar, New Delhi-110008, India |
|
9 |
B79883682 |
10094412 |
Union Bank of India |
26/03/2008 |
12/04/2012 |
16/07/2013 |
2500000.0 |
26/2, East Patel Nagar, New Delhi-110008, India |
|
10 |
B78927779 |
10355079 |
Union Bank of India |
11/05/2012 |
- |
03/07/2013 |
3000000.0 |
26/2, East Patel Nagar, New Delhi-110008, India |
FIXED ASSETS:
- Building
- Plant and
Machinery
- Office
equipment
- CCTV
- Fax Machine
- Printer
- Television
- Generator
- Furniture and
Fixture
- Computer
- Television
- Water filter
- Vaccum Cleaner
- 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 64.66 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 79.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
BHG |
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.