|
|
|
MIRA INFORM REPORT
|
Report No. : |
483431 |
|
Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAJASTHAN POWERGEN TRANSFORMER PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
Khasra No. 911-914, Karola Bhinmal Road, Karola, Sanchore, Jalore –
343041, Rajasthan |
|
Mobile No.: |
91-9983308843 (Mr. Rohit) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
07.05.2010 |
|
|
|
|
Com. Reg. No.: |
17-031700 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 34.050 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40105RJ2010PTC031700 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECR7636J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Power and Distribution Transformer. (Registered
activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 74000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Rajasthan Powergen Transformer Private Limited was incorporated in the
year 2010. It is engaged in manufacturing and distribution of Transformers and
Power Transformers. For the financial year 2017, the company has achieved a massive growth
in its revenue as compared to previous year and has reported an average
profit margin of 2.00%. The moderate financial profile of the company is marked by negative
reserve base along with negligible debt level. Payments are reported to be slow. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 |
Long Term = BB- |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
23.05.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
23.05.2017 |
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 01.01.2018
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 DENIED BY
|
Name : |
Mr. Rohit |
|
Designation : |
Director |
|
Contact No.: |
91-9983308843 |
|
Date : |
29.12.2017 |
Tel. No.: 91-2979-295566 – Not Working
LOCATIONS
|
Registered Office / Work Office : |
Khasra No. 911-914, Karola Bhinmal Road, Karola, Sanchore, Jalore –
343041, Rajasthan, India |
|
Tel. No.: |
91-2979-295566 |
|
Mobile No.: |
91-9983308843 (Mr. Rohit) |
|
Fax No.: |
91-2979-284051 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Marketing Office : |
8A/8B-3rrd Floor, Sakina Manzil No. 2, Raja Ram Mohan Roy Marg,
Opposite Charni Road Station, Girgaon, Mumbai – 400004, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sumermal Bastimal Jain |
|
Designation : |
Director |
|
Address : |
1001, Riddhi Appartment, 10th Khetwadi Back Road, 10th
Floor Mumbai – 400004, Maharashtra, India |
|
Date of Appointment : |
28.08.2014 |
|
DIN No.: |
02906166 |
|
|
|
|
Name : |
Mr. Laxmichand Bhomraj Jain |
|
Designation : |
Director |
|
Address : |
Jain Old Bus Stand, Sanchore, Sanchore – 343041, Rajasthan, India |
|
Date of Appointment : |
07.05.2010 |
|
DIN No.: |
03042641 |
|
|
|
|
Name : |
Mr. Jivaram Motaji Choudhary |
|
Designation : |
Director |
|
Address : |
VPO Arnay Via Sanchore, Jalore Raj, Jalore – 343041, Rajasthan, India |
|
Date of Appointment : |
07.05.2010 |
|
DIN No.: |
03043315 |
|
|
|
|
Name : |
Mr. Rohit Govindraj Mehta |
|
Designation : |
Additional Director |
|
Address : |
17, Shree Society, New Khanderao Road, Pratap Nagar
Vadodara – 390004, Gujarat, India |
|
Date of Appointment : |
13.05.2017 |
|
DIN No.: |
07820994 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Jeevaram Chodhary |
|
110000 |
|
Laxmichand Jain |
|
300000 |
|
Govindraj Mehta |
|
310000 |
|
Laxmichand Jain (HUF) |
|
50000 |
|
Gangadevi Jain |
|
100000 |
|
Sumermal Jain |
|
300000 |
|
sumermal Jain (HUF) |
|
50000 |
|
Pushpadevi Jain |
|
50000 |
|
Mukesh Mehta |
|
20000 |
|
sanjay Mehta |
|
230000 |
|
Rohitkumar G. Mehta |
|
125000 |
|
Jeevaram Choudhary (HUF) |
|
100000 |
|
Jagsiram Choudhary |
|
100000 |
|
Arvind Jain |
|
50000 |
|
Hiteshkumar Jain |
|
100000 |
|
Kamlesh Jain |
|
50000 |
|
Narendra Choudhary |
|
460000 |
|
Nikita Arvind Jain |
|
50000 |
|
sureshkumar bastimalji Jain |
|
100000 |
|
Prabhuram Choudhary |
|
150000 |
|
Nariran Jagsiram Choudhary |
|
100000 |
|
Rajmal B. Jain |
|
50000 |
|
Deepika Rohit Mehta |
|
50000 |
|
Dimple Hiteshkumar |
|
50000 |
|
Kavita sanjay Mehta |
|
50000 |
|
Mahendra Choudhary |
|
50000 |
|
Pankhiben sohanraj Mehta |
|
50000 |
|
Pinky Mukesh Mehta |
|
50000 |
|
Reshmiben Govindraj Mehta |
|
50000 |
|
Kuldeep Choudhary |
|
60000 |
|
Parvati Choudhary |
|
40000 |
|
Total |
|
3405000 |
LIST OF ALLOTTEES
26:05.2017
|
Names of Shareholders |
|
No. of Shares |
|
Narendra Choudhary |
|
150000 |
|
Sumermal Jain |
|
100000 |
|
Govindraj Mehta |
|
100000 |
|
Jeevaram Chodhary |
|
60000 |
|
Total |
|
410000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
12.04 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
87.96 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Power and Distribution Transformer. (Registered
activity) |
||||
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
||||
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|
|
||||
|
Imports : |
Not Divulged |
||||
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|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
|
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||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Luniya Maloo and Associates Chartered Accountants |
|
Address : |
Main Street, Infront of Sanchore Gas Service, 1st Floor, Mehta Market,
Sanchore – 343041, Rajasthan, India |
|
Tel. No.: |
91-2979-283888 |
|
Mobile No.: |
91-7665558883 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFL1408A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
After 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3815000 |
Equity Shares |
INR 10/- each |
INR 38.150
Million |
|
|
|
|
|
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3405000 |
Equity Shares |
INR 10/- each |
INR 34.050
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
34.050 |
34.050 |
33.050 |
|
(b) Reserves & Surplus |
(11.763) |
(18.549) |
(3.511) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
3.500 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
25.787 |
15.501 |
29.539 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
46.287 |
58.414 |
52.484 |
|
(b) Deferred tax liabilities
(Net) |
3.357 |
2.974 |
2.427 |
|
(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) |
49.644 |
61.388 |
54.911 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
28.791 |
38.863 |
37.542 |
|
(b) Trade payables |
120.392 |
44.933 |
54.002 |
|
(c) Other current liabilities |
9.925 |
6.447 |
6.665 |
|
(d) Short-term provisions |
0.045 |
0.000 |
0.115 |
|
Total
Current Liabilities (4) |
159.153 |
90.243 |
98.324 |
|
|
|
|
|
|
TOTAL |
234.584 |
167.132 |
182.774 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
50.233 |
51.988 |
53.869 |
|
(ii) Intangible Assets |
0.067 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.785 |
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 |
0.140 |
0.140 |
0.140 |
|
(e) Other Non-current assets |
0.440 |
0.440 |
0.000 |
|
Total
Non-Current Assets |
51.665 |
52.568 |
54.009 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
80.123 |
74.441 |
62.612 |
|
(c) Trade receivables |
81.164 |
23.577 |
54.702 |
|
(d) Cash and cash equivalents |
15.048 |
10.914 |
5.869 |
|
(e) Short-term loans and
advances |
0.804 |
2.584 |
5.582 |
|
(f) Other current assets |
5.780 |
3.048 |
0.000 |
|
Total
Current Assets |
182.919 |
114.564 |
128.765 |
|
|
|
|
|
|
TOTAL |
234.584 |
167.132 |
182.774 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
337.935 |
57.281 |
199.802 |
|
|
Other Income |
1.971 |
0.706 |
0.769 |
|
|
TOTAL
|
339.906 |
57.987 |
200.571 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
270.831 |
64.254 |
173.866 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
8.925 |
(17.040) |
(6.186) |
|
|
Manufacturing Cost |
17.142 |
1.266 |
2.004 |
|
|
Employees benefits expense |
4.699 |
2.258 |
3.777 |
|
|
Other expenses |
11.039 |
4.499 |
3.686 |
|
|
TOTAL |
312.636 |
55.237 |
177.147 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
27.270 |
2.750 |
23.424 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
16.485 |
13.679 |
16.013 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.785 |
(10.929) |
7.411 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
3.616 |
3.562 |
3.522 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
7.169 |
(14.491) |
3.889 |
|
|
|
|
|
|
|
Less |
TAX |
0.383 |
0.546 |
0.671 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
6.786 |
(15.037) |
3.218 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(18.549) |
(3.512) |
(6.730) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(11.763) |
(18.549) |
(3.512) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
1.99 |
(4.55) |
1.29 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
7.368 |
5.768 |
5.768 |
|
Cash generated from operations |
42.030 |
12.154 |
19.374 |
|
Net cash flow from operating activity |
42.030 |
12.154 |
19.374 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
87.66 |
150.23 |
99.93 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.16 |
2.43 |
3.65 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
162.25 |
255.25 |
113.37 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.34 |
0.04 |
0.37 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.53 |
0.05 |
0.43 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.91 |
0.92 |
0.86 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.20 |
6.65 |
3.24 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
6.17 |
5.82 |
3.33 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.98 |
3.35 |
1.82 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.65 |
0.20 |
1.46 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.01 |
(26.25) |
1.61 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.89 |
(9.00) |
1.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
26.32 |
(97.01) |
10.89 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.15 |
1.27 |
1.31 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.65 |
0.44 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.11 |
0.09 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.42 |
3.03 |
2.90 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.15 |
1.27 |
1.31 |
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 |
33.050 |
34.050 |
34.050 |
|
Reserves & Surplus |
(3.511) |
(18.549) |
(11.763) |
|
Share Application money pending allotment |
0.000 |
0.000 |
3.500 |
|
Net
worth |
29.539 |
15.501 |
25.787 |
|
|
|
|
|
|
Long Term borrowings |
52.484 |
58.414 |
46.287 |
|
Short Term borrowings |
37.542 |
38.863 |
28.791 |
|
Current Maturities of Long term debt |
5.768 |
5.768 |
7.368 |
|
Total
borrowings |
95.794 |
103.045 |
82.446 |
|
Debt/Equity
ratio |
3.243 |
6.648 |
3.197 |
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
|
199.802 |
57.281 |
337.935 |
|
|
|
(71.331) |
489.960 |
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
|
199.802 |
57.281 |
337.935 |
|
Profit
/ (Loss) |
3.218 |
(15.037) |
6.786 |
|
|
1.61% |
(26.25%) |
2.01% |
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 |
No |
|
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 |
No |
|
18 |
Major suppliers |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF THE
COMPANY'S AFFAIR:
The Company is engaged in the business of purchase, generate, accumulate, supply and distribute electric energy, to manufacture, Distribution and Power Transformer appliances and other articles and things which consume, generate, distribute supply electric energy, to manufacture and deal in all, kinds of apparatus etc.
During the year,
there has been no change in the business of the Company. The highlights
of the Company's performance are as under:
• Revenue of the company has increased from INR 57.986 Million to INR 339.905 Million as compared to last year mainly on account of increase in the sale of Distribution Transformer.
• And, simultaneously, the Company incurred Net Profit amounting to INR 6.786 Million against the Net Loss of INR (15.037) Million of the previous year.
Ultimately, the Earning per Share of the Company has increased from INR (4.55/-) to 1.99/-.
Board of Directors of the Company are ensuring that the Company will take various measures to improve the revenue in the coming years.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Term Loan from Bank |
14.279 |
21.503 |
|
Loans and Advances
from related parties : |
|
|
|
Govindraj Mehta |
0.500 |
1.500 |
|
Jeevaram Chodhary |
0.600 |
0.560 |
|
Laxmichand Jain |
12.500 |
12.400 |
|
Narendra Choudhary |
0.000 |
1.400 |
|
Sanjay Kumar Govindraj Mehta |
4.400 |
2.800 |
|
Sumermal B. Jain |
14.000 |
15.800 |
|
Sureshkumar Bastimalji Jain |
0.000 |
2.300 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans Repayable
on Demands – From Banks : |
|
|
|
State Bank of India CC 32534927804 |
28.791 |
28.982 |
|
State Bank of India CC 32715480704 |
0.000 |
9.881 |
|
Total |
75.070 |
97.126 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G38799144 |
10337520 |
State Bank of India |
27/01/2012 |
23/02/2017 |
- |
21500000.0 |
SME Branch, Jodhpur , Rajasthan, Jodhpur – 342001, Rajasthan, India |
|
2 |
G38800900 |
10337523 |
State Bank of India |
27/01/2012 |
23/02/2017 |
- |
119000000.0 |
SME Branch H1 SHASTRI NAGAR, Jodhpur – 342001, Rajasthan, India |
FIXED ASSETS
- Plant and Machinery
- Furniture and Fixture
- Office Equipment
- Building
- Land
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 64.15 |
|
|
1 |
INR 85.83 |
|
Euro |
1 |
INR 76.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
SUJ |
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.