|
|
|
MIRA INFORM REPORT
|
Report No. : |
480176 |
|
Report Date : |
02.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BCS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village Mangarh, P.O. Kohara, Machhiwara Road, Ludhiana –
141112, Punjab |
|
Tel. No.: |
91-161-2848597/ 2848598 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.05.2004 |
|
|
|
|
Com. Reg. No.: |
16-032401 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 31.165 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29214PB2004PTC032401 |
|
|
|
|
IEC No.: |
0504030299 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB3990P |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
·
Manufacturer of Agriculture and Forestry
Machinery. (Confirmed
by Management) ·
Manufacturing and Marketing of Agricultural Based
Machinery. [Registered Activity] |
|
|
|
|
No. of Employees
: |
80 (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 |
|
Maximum Credit Limit : |
USD 905600 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2004 and it is having fine track. For the financial year 2017, the company has increased its revenue
from operation as compared to previous year and maintained decent profit margin
of 11.43%. General financial position of the company seems to be sound and
healthy along with negligible debt structure. Further, rating also reflects company’s long standing track records
along with improvement in the revenue and profitability profile during the
year. Trade relations are reported as fair. Business is active. Payments are
reported to be regular. 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 (30.06.2017) |
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
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 02.01.2018
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 PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. S K Bansal |
|
Designation : |
Head Sales and Marketing Department |
|
Contact No.: |
91-9872874743 |
|
Date : |
17.12.2017 |
LOCATIONS
|
Registered Office : |
Village Mangarh, P.O. Kohara, Machhiwara Road, Ludhiana –
141112, Punjab, India |
|
Tel. No.: |
91-161-2848597/ 2848598 |
|
Mobile No.: |
91-9872874743 [Mr. S K Bansal] |
|
Fax No.: |
91-161-2848598 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Fabrizio Castoldi |
|
Designation : |
Director |
|
Address : |
Via Alberto Ga Giussano, 12, 20145, Milano - 20145, Italy |
|
Date of Birth/Age : |
06.07.1944 |
|
Date of Appointment : |
22.06.2004 |
|
DIN No.: |
01154177 |
|
|
|
|
Name : |
Mr. Roberto Pini |
|
Designation : |
Director |
|
Address : |
Via Don Paronzini,
6, Abbiategrasso, Abbiategrasso-20081, Italy |
|
Date of Birth/Age : |
22.08.1964 |
|
Date of Appointment : |
12.07.2008 |
|
DIN No.: |
02209753 |
|
|
|
|
Name : |
Mr. Arun Kumar Gupta |
|
Designation : |
Whole-time director |
|
Address : |
366, Pakhowal Road, Shahid Bhagat Singh Nagar, Ludhiana - 141001, Punjab, India |
|
Date of Birth/Age : |
13.08.1971 |
|
Date of Appointment : |
30.06.2014 |
|
DIN No.: |
06918315 |
KEY EXECUTIVES
|
Name : |
Mr. Suresh Wadhwa |
|
Designation : |
Chief Finance Officer |
|
Address : |
171 Jamalpur Colony, Near BCM Presidency School, Ludhiana - 141010, Punjab, India |
|
Date of Appointment : |
30.06.2014 |
|
PAN No.: |
AAQPW0975J |
|
|
|
|
Name : |
Mr. S K Bansal |
|
Designation : |
Head Sales and Marketing Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
BCS S.p.A, Italy |
|
3116470 |
|
Malkeet Singh Babrah and BCS S.p.A, Italy |
|
1 |
|
Navpreet Singh and BCS S.p.A, Italy |
|
1 |
|
|
|
|
|
Total |
|
3116472 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Manufacturer of Agriculture and Forestry
Machinery. (Confirmed
by Management) ·
Manufacturing and Marketing of Agricultural Based
Machinery. [Registered Activity] |
||||
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|
Products : |
|
||||
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|
||||
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Brand Names : |
“BCS” |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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|
|
|
||||
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Imports : |
Not Available |
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|
|
|
||||
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Terms : |
|
||||
|
Selling : |
Others (RTGS, NEFT) |
||||
|
|
|
||||
|
Purchasing : |
Others (RTGS, NEFT) |
PRODUCTION STATUS: AS ON: 31.03.2017
|
Agricultural
Machines |
Licensed
Capacity* |
Installed
Capacity** |
Actual
Production*** |
|
Reaper Binder (3 Wheel) |
NA |
NA |
739 |
|
Reaper Binder (4 Wheel) |
NA |
NA |
529 |
|
Reaper Binder-Tractor Mounted |
NA |
NA |
230 |
|
Fodder Harvester – 3 Wheel |
NA |
NA |
55 |
|
Fodder Harvester – 4 Wheel |
NA |
NA |
06 |
|
Power Weeder-Model MC 740 |
NA |
NA |
192 |
*Not required to be given, as the same has been de-regulated for this industry.
**As certified by the management and being a technical matter relied upon by the auditors.
***Including capacity Consumed
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Customers : |
Dealers
|
||||||||||||||||||||||
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|
No. of Employees : |
80 (Approximately) |
||||||||||||||||||||||
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|
Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Krishan Sindwani and Company Chartered Accountants |
|
Address : |
Flat No. 8, Mai Harkrishan Building, Bank Road,Civil Lines,
Ludhiana-141001, Punjab, India |
|
Tel. No.: |
91-161-2440889/ 2442906 |
|
Fax No.: |
91-161-2440889 |
|
E-Mail : |
|
|
PAN No.: |
AADFK5545M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
BCS S.p.A, Italy |
|
|
|
|
Fellow Subsidiary : |
BCS [Changzhou] Agricultural Machinery Co. Limited, China |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3250000 |
Equity Shares |
INR 10/- each |
INR 32.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3116472 |
Equity Shares |
INR 10/- each |
INR 31.165
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 |
31.165 |
31.165 |
31.165 |
|
(b) Reserves & Surplus |
285.810 |
194.936 |
139.456 |
|
(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) |
316.975 |
226.101 |
170.621 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
4.652 |
4.457 |
5.981 |
|
(c)
Other long term liabilities |
8.165 |
7.465 |
6.390 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
12.817 |
11.922 |
12.371 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
9.823 |
0.000 |
4.068 |
|
(b)
Trade payables |
110.343 |
156.917 |
64.695 |
|
(c)
Other current liabilities |
14.294 |
13.127 |
11.680 |
|
(d)
Short-term provisions |
11.435 |
14.849 |
26.573 |
|
Total
Current Liabilities (4) |
145.895 |
184.893 |
107.016 |
|
|
|
|
|
|
TOTAL |
475.687 |
422.916 |
290.008 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
52.860 |
51.137 |
49.643 |
|
(ii)
Intangible Assets |
0.996 |
1.456 |
1.737 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
53.856 |
52.593 |
51.380 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
169.735 |
239.492 |
127.046 |
|
(c)
Trade receivables |
51.981 |
61.349 |
38.045 |
|
(d)
Cash and cash equivalents |
179.881 |
51.462 |
48.794 |
|
(e)
Short-term loans and advances |
19.204 |
14.565 |
19.180 |
|
(f)
Other current assets |
1.030 |
1.287 |
1.228 |
|
Total
Current Assets |
421.831 |
368.155 |
234.293 |
|
|
|
|
|
|
Misc. Expenditure
(To The Extent Not Written Off) |
0.000 |
2.168 |
4.335 |
|
|
|
|
|
|
TOTAL |
475.687 |
422.916 |
290.008 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
795.555 |
647.686 |
683.332 |
|
|
|
Other Income |
13.613 |
1.420 |
49.972 |
|
|
|
TOTAL |
809.168 |
649.106 |
733.304 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
582.336 |
496.688 |
505.137 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
1.485 |
(23.272) |
9.904 |
|
|
|
Employees benefits expense |
27.382 |
24.869 |
23.413 |
|
|
|
Other expenses |
46.924 |
59.168 |
50.167 |
|
|
|
TOTAL |
658.127 |
557.453 |
588.621 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
151.041 |
91.653 |
144.683 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.575 |
3.012 |
1.527 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
148.466 |
88.641 |
143.156 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
6.812 |
6.757 |
8.702 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
141.654 |
81.884 |
134.454 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
50.746 |
26.404 |
50.184 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
90.908 |
55.480 |
84.270 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
45.462 |
53.236 |
37.811 |
|
|
TOTAL EARNINGS |
45.462 |
53.236 |
37.811 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Consumables |
165.060 |
311.539 |
141.529 |
|
|
|
Capital Goods |
2.293 |
0.037 |
0.000 |
|
|
|
Trading Goods |
102.627 |
78.291 |
68.243 |
|
|
TOTAL IMPORTS |
269.980 |
389.867 |
209.772 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
29.17 |
17.80 |
27.04 |
|
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 |
|
|
|
|
|
|
Net Cash from operating activities
|
136.201 |
10.437 |
(44.970) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
23.85 |
34.57 |
20.32 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
15.30 |
10.56 |
17.96 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
69.16 |
115.31 |
46.75 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.89 |
0.38 |
1.14 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.80 |
1.74 |
2.82 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.31 |
0.44 |
0.37 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.03 |
0.00 |
0.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.46 |
0.82 |
0.63 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.17 |
0.23 |
0.30 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
58.66 |
30.43 |
94.75 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
11.43 |
8.57 |
12.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
19.11 |
13.12 |
29.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
28.68 |
24.54 |
49.39 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.89 |
1.99 |
2.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.73 |
0.70 |
1.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.67 |
0.53 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.32 |
0.00 |
0.13 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.89 |
1.99 |
2.19 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
31.165 |
31.165 |
31.165 |
|
Reserves & Surplus |
139.456 |
194.936 |
285.810 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
170.621 |
226.101 |
316.975 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
4.068 |
0.000 |
9.823 |
|
Total
borrowings |
4.068 |
0.000 |
9.823 |
|
Debt/Equity
ratio |
0.024 |
0.000 |
0.031 |
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 |
683.332 |
647.686 |
795.555 |
|
|
|
(5.216) |
22.830 |
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 |
683.332 |
647.686 |
795.555 |
|
Profit/ (Loss) |
84.270 |
55.480 |
90.908 |
|
|
12.33% |
8.57% |
11.43% |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
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 |
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G01312594 |
10547072 |
PUNJAB NATIONAL BANK |
12/01/2015 |
23/03/2016 |
- |
100000000.0 |
CHANDIGARH ROADLUDHIANALUDHIANAPB141003IN |
|
2 |
A38975413 |
80042841 |
PUNJAB NATIONAL BANK |
24/01/2005 |
- |
21/09/2007 |
600000.0 |
CHANDIGARH ROADLUDHIANAPB141003IN |
|
3 |
A33911504 |
80042838 |
PUNJAB NATIONAL BANK |
24/01/2005 |
- |
21/09/2007 |
33000000.0 |
CHANDIGARH ROADLUDHIANAPB141003IN |
|
4 |
A38975512 |
80042837 |
PUNJAB NATIONAL BANK |
24/01/2005 |
- |
21/09/2007 |
21500000.0 |
CHANDIGARH ROADLUDHIANAPB141003IN |
|
5 |
A38975371 |
80042843 |
PUNJAB NATIONAL BANK |
24/01/2005 |
- |
21/09/2007 |
3000000.0 |
CHANDIGARH ROADLUDHIANAPB141003IN |
|
6 |
A38975660 |
80042836 |
PUNJAB NATIONAL BANK |
24/01/2005 |
- |
21/09/2007 |
7900000.0 |
CHANDIGARH ROADLUDHIANAPB141003IN |
STATE OF COMPANY’S
AFFAIRS:
During the financial year the company’s total income has been increased
to INR 809.168 Million as compared to the previous year income of INR 649.106
Million and expenditure has also increased from INR 567.222 Million to INR
667.513 Million during the current financial year. Due to increase in income
the company’s net profit went up and recorded at net figure of INR 90.908 as
compared to the previous year figures of INR 55.480 Million.
The management of the company in expecting that the company will be able
to achieve more improved results during this upcoming financial year of 2017-18
and has already started talking steps to further improve the financial position
of the company in the coming year.
FIXED ASSETS:
· Land
· Factory Building
· Plant and Machinery
· Dies
· Office Equipment
· Furniture and Fixture
· Computers
·
Vehicles
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 63.67 |
|
UK Pound |
1 |
INR 85.90 |
|
Euro |
1 |
INR 76.41 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
RUP |
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.