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|
|
%20-%20493615%2028-Feb-2018_files/image002.jpg){kind=small}
%20-%20493615%2028-Feb-2018_files/image004.jpg)
%20-%20493615%2028-Feb-2018_files/image006.gif)
MIRA
INFORM REPORT
|
Report No. : |
493615 |
|
Report Date : |
28.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
KEDIA STEELS (PROPRIETOR GND ISPAT PRIVATE LIMITED) |
|
|
|
|
Registered
Office : |
GND Chambers, 1st Floor, Bhaisthan, Agrasen Chowk, Raipur –
492001, Chhattisgarh |
|
Tel. No.: |
91-771-2535241/ 4030453 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 (GND ISPAT PRIVATE LIMITED) |
|
|
|
|
Year of
Incorporation : |
1995 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 9.397 Million (GND ISPAT PRIVATE LIMITED) |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm does
not have export and import) |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trader of Iron and Steel Products such as Channel, Angle, Flat Rods,
Coils, Steel Plates, HR/CR/GP Sheets, TMT Bars, Beams, etc. (Registered
Activity and also Confirmed by Management) |
|
|
|
|
No. of Employees
: |
40 (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 |
|
|
|
|
Comments : |
Kedia Steels was set up in 1995 by the Raipur (Chhattisgarh) by Kedia family as a proprietorship firm. In 2005, the Kedia family promoted GND Ispat Private Limited, which became the proprietor of Kedia Steels in 2007-08. As per the financials of March 2017, the company has registered a growth of 18.68% in its revenue as compared to previous year revenue and has reported minimal profit margin of 0.99%. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with strong debt coverage indicators and decent liquidity position. Further, the company has reported good earnings per share of INR 18.19 against its face value of INR 10. However, rating strength is partially offset by high competitive intensity in the steel industry which has pressure on the operating margins of the company marked by exposure of company’s profitability to the volatility in raw material prices and cyclicality inherent in the steel industry. Payments 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 28.02.2018
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. Virendra Patel |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9826126102 |
|
Date : |
26.02.2018 |
[Mobile No.: 91- 9993306699 (Mr. Pratik Saxena) - Continuously Ringing]
LOCATIONS
|
Registered Office : |
GND Chambers, 1st Floor Bhaisthan, Agrasen Chowk, Raipur – 492001,
Chhattisgarh, India |
|
Tel. No.: |
91-771-2535241/ 4030453 |
|
Mobile No.: |
91-9826126102 (Mr. Virendra Patel) |
|
Fax No.: |
91-771-2535251 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. ft. |
|
Location : |
Rented |
|
Locality : |
Residential |
|
|
|
|
Warehouse : |
D-2, Loha Bazar, Raipur, Chhattisgarh, India |
SOLE PROPRIETOR
|
Name : |
GND ISPAT PRIVATE LIMITED |
|
Designation : |
Proprietor |
|
Registered
Office : |
GND Chambers, 1st Floor, Bhaisthan, Agrasen Chowk, Raipur –
492001, Chhattisgarh |
|
CIN No.: [Company Identification
No.] |
U27101CT2005PTC017547 |
|
Com. Reg. No.: |
33-017547 |
|
Date of
Incorporation : |
25.04.2005 |
|
IEC No.: [Import-Export Code No.] |
6309000446 |
|
TIN No.: |
22901503957 |
|
PAN No.: [Permanent Account No.] |
AACCG6090K |
|
GSTN : [Goods & Service Tax
Registration No.] |
22AACCG6090K1ZL |
|
E-Mail : |
KEY EXECUTIVE
|
Name : |
Mr. Virendra Patel |
|
Designation : |
Finance Manager |
(DIRECTORS OF GND
ISPAT PRIVATE LIMITED)
As on 31.03.2017
|
Name : |
Mr. Deepak Kedia |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
H. No. 319-320, Ram Kripa, Near Pani Tanki, Samta Colony,
Raipur-492001, Chhattisgarh, India |
||||||||||||||||
|
Date of Birth/Age : |
25.10.1984 |
||||||||||||||||
|
Date of Appointment : |
25.04.2005 |
||||||||||||||||
|
PAN No.: |
AKQPK6291H |
||||||||||||||||
|
DIN No.: |
00269774 |
||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Naresh Kedia |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
H. No. 319-320, Ram Kripa, Near Pani Tanki, Samta Colony,
Raipur-492001, Chhattisgarh, India |
||||||||||||||||
|
Date of Birth/Age : |
22.12.1957 |
||||||||||||||||
|
Date of Appointment : |
25.04.2005 |
||||||||||||||||
|
PAN No.: |
AEVPK0710Q |
||||||||||||||||
|
DIN No.: |
01281799 |
||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||
MAJOR SHAREHOLDERS
(GND ISPAT PRIVATE
LIMITED)
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Naresh Kedia |
502000 |
53.42 |
|
Lalita Devi Kedia |
73000 |
7.77 |
|
Deepak Kedia |
258000 |
27.45 |
|
GND Infravest Private Limited, India |
41725 |
4.44 |
|
Rashi Kedia |
5000 |
0.53 |
|
Naresh Kedia (HUF) |
60000 |
6.39 |
|
Total |
939725 |
100.00 |
%20-%20493615%2028-Feb-2018_files/image008.gif)
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
95.56 |
|
Promoters (Body corporate) |
4.44 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Iron and Steel Products such as Channel, Angle, Flat Rods,
Coils, Steel Plates, HR/CR/GP Sheets, TMT Bars, Beams, etc. (Registered
Activity and also Confirmed by Management) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash, Advance Payment, Cheque and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash, Advance Payment, Cheque and Credit |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower
Parel (West), Mumbai-400013, Maharashtra, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(GND ISPAT PRIVATE LIMITED)
|
|
Auditors : |
|
|
Name : |
Mahendra Kashyap and Company Chartered Accountants |
|
Address : |
211, 2nd Floor, Deshbandhu Complex, Agrasen Chowk, Samta Colony, Raipur – 492001, Chattisgarh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AEWPK4438G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related parties (GND ISPAT
PRIVATE LIMITED) : |
Naresh Kedia (HUF) |
CAPITAL STRUCTURE
(GND
ISPAT PRIVATE LIMITED)
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
950000 |
Equity Shares |
INR 10/- each |
INR 9.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
939725 |
Equity Shares |
INR 10/- each |
INR 9.397 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
(GND
ISPAT PRIVATE LIMITED)
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.397 |
9.397 |
9.397 |
|
(b) Reserves and Surplus |
180.507 |
163.417 |
155.522 |
|
(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) |
189.904 |
172.814 |
164.919 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
25.685 |
39.099 |
141.947 |
|
(b) Trade
payables |
89.114 |
76.226 |
31.891 |
|
(c) Other
current liabilities |
8.971 |
13.452 |
18.074 |
|
(d) Short-term
provisions |
3.005 |
0.000 |
0.258 |
|
Total Current
Liabilities (4) |
126.775 |
128.777 |
192.170 |
|
|
|
|
|
|
TOTAL |
316.679 |
301.591 |
357.089 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2.321 |
2.018 |
1.640 |
|
(ii)
Intangible Assets |
0.006 |
0.011 |
0.021 |
|
(iii) Tangible assets
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 loans and advances |
0.066 |
0.266 |
0.066 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2.393 |
2.295 |
1.727 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
64.365 |
53.435 |
89.031 |
|
(c) Trade
receivables |
230.310 |
151.290 |
259.343 |
|
(d) Cash and
bank balances |
4.916 |
86.178 |
0.735 |
|
(e)
Short-term loans and advances |
14.695 |
8.393 |
5.455 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.798 |
|
Total
Current Assets |
314.286 |
299.296 |
355.362 |
|
|
|
|
|
|
TOTAL |
316.679 |
301.591 |
357.089 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1733.826 |
1460.867 |
1618.926 |
|
|
Other Income |
2.791 |
1.308 |
0.920 |
|
|
TOTAL |
1736.617 |
1462.175 |
1619.846 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
1688.044 |
1385.751 |
1563.158 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(10.930) |
35.596 |
(5.645) |
|
|
Employee benefit expense |
13.364 |
9.482 |
7.757 |
|
|
Other expenses |
15.791 |
13.477 |
29.377 |
|
|
TOTAL |
1706.269 |
1444.306 |
1594.647 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
30.348 |
17.869 |
25.199 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.402 |
5.437 |
11.968 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
25.946 |
12.432 |
13.231 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.384 |
0.542 |
0.781 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
25.562 |
11.890 |
12.450 |
|
|
|
|
|
|
|
Less |
TAX |
8.472 |
3.997 |
4.180 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
17.090 |
7.893 |
8.270 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
18.19 |
8.40 |
8.80 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
4.000 |
10.993 |
14.152 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(70.911) |
95.245 |
(26.429) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
48.48 |
37.80 |
58.47 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.53 |
9.66 |
6.24 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
19.27 |
20.08 |
7.45 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.47 |
0.33 |
0.28 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
13.04 |
8.81 |
15.17 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.41 |
0.46 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.16 |
0.29 |
0.95 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.67 |
0.75 |
1.17 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6.89 |
3.29 |
2.11 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.99 |
0.54 |
0.51 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.40 |
2.62 |
2.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
9.00 |
4.57 |
5.01 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.48 |
2.32 |
1.85 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.97 |
1.91 |
1.39 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.60 |
0.57 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.16 |
5.33 |
16.61 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.48 |
2.32 |
1.85 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
9.397 |
9.397 |
9.397 |
|
Reserves & Surplus |
155.522 |
163.417 |
180.507 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
164.919 |
172.814 |
189.904 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
141.947 |
39.099 |
25.685 |
|
Current maturities of long-term
debts |
14.152 |
10.993 |
4.000 |
|
Total
borrowings |
156.099 |
50.092 |
29.685 |
|
Debt/Equity
ratio |
0.947 |
0.290 |
0.156 |
%20-%20493615%2028-Feb-2018_files/image010.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1618.926 |
1460.867 |
1733.826 |
|
|
|
(9.763) |
18.685 |
%20-%20493615%2028-Feb-2018_files/image012.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1618.926 |
1460.867 |
1733.826 |
|
Profit |
8.270 |
7.893 |
17.090 |
|
|
0.51% |
0.54% |
0.99% |
%20-%20493615%2028-Feb-2018_files/image014.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
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) |
No |
|
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 |
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 |
OPERATIONAL REVIEW: (GND ISPAT PRIVATE LIMITED)
The Company has achieved net sales turnover of INR 1733.800 Million during this financial year as compared to INR 1460.800 Million during the previous year. The Company retained a profit of INR 17.000 Million as compared to INR 7.800 Million of the previous year. The Board is continuously working for the better performance of the Company in the years to come.
INDEX OF CHARGES (GND ISPAT PRIVATE LIMITED)
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G48045421 |
100108581 |
HDFC BANK LIMITED |
09/06/2017 |
- |
- |
100000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
G49132137 |
10069604 |
UNION BANK OF INDIA |
24/08/2007 |
02/02/2016 |
04/07/2017 |
143000000.0 |
SAMTA COLONY BRANCH RAIPUR CHATTISHGRAH 492001 INDIA |
FIXED ASSETS (GND ISPAT PRIVATE LIMITED)
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and Equipment
- 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, India Prisons Service,
Interpol, etc.
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 64.85 |
|
UK Pound |
1 |
INR 79.97 |
|
Euro |
1 |
INR 90.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·