|
|
|
MIRA INFORM REPORT
|
Report No. : |
483672 |
|
Report Date : |
02.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
DELTA IRON AND STEEL COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit / Office No. 205, 2nd Floor, Windfall Building, Sahar Plaza, Andheri Kurla Road, J B Nagar, Andheri (East), Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-45023000/ 3009/ 3099/ 45023016 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
07.02.1996 |
|
|
|
|
Com. Reg. No.: |
11-097025 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 107.343 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH1996PTC097025 |
|
|
|
|
IEC No.: |
0301002240 |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD8450A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 1996. It is trader and importer of Iron and Steel Products. As per the financial record of 2016, the company has achieved 35.27% growth in its revenue as compared to previous year revenue but has reported low margin of 0.43%. The sound financial profile of the company is marked by adequate networth base along with negligible debt level.
The rating takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. The company has decent earning per share (EPS) of INR 30.40 against the face value (FV) of INR 10. However, rating strengths are partially offset by susceptibility to volatility in steel prices and to intense competition. Business is active. Payments are reported 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 (30.06.2017) |
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 = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
09.06.2017 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short-term = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
09.06.2017 |
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 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 DENIED
MANAGEMENT NON-COOPERATIVE (Tel. No.:
91-22-45023000/ 3009/ 3099/ 66314800)
LOCATIONS
|
Registered Office/ Corporate Office
: |
Unit / Office No. 205, 2nd Floor, Windfall Building, Sahar Plaza, Andheri Kurla Road, J B Nagar, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-45023000/ 3009/ 3099/ 45023016 |
|
Fax No.: |
91-22-67194920/ 67194916 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
103, Steel Center, 66 F, Ahmedabad Street, Sant Tukaram Road, Masjid (East), Mumbai – 400009, Maharashtra, India |
|
Tel. No.: |
91-22-66314800/ 66153183 |
|
Fax No.: |
91-22-66332141 |
|
E-Mail : |
|
|
|
|
|
Regional Office 1 : |
Plot No. 295-300, Chandkhed Road, Village: Dhamane, Near Tata Motors Limited, Taluka: Maval, District Pune – 410508, Maharashtra, India |
|
Tel. No.: |
91-22-30297541 |
|
E-Mail : |
|
|
|
|
|
Regional Office 2 : |
33, Government Industrial Estate, Khadoli, Silvassa – 396230, Dadra and Nagar Haveli (U.T.), India |
|
Tel. No.: |
91-260-3252280 |
|
|
|
|
Regional Office 3 : |
205, 75, Link Road, Lajpat Nagar No. 3, Delhi – 110024, India |
|
Tel. No.: |
91-11-29836318 |
|
|
|
|
Warehouses : |
Located at: · Kalamboli, Navi Mumbai, Maharashtra, India · Taloja, Navi Mumbai, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Dhanesh Jayantilal Mehta |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
301-A, Varsha Apartment, Navyug Society, JVPD Scheme Road No.5, North South, Vile Parle
(West), Mumbai - 400056, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.10.1960 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.12.1999 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AACPM4140R |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01145296 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Akshay Rajinderpershad Jain |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
101, Venus Apartments, Cuffe Parade, Mumbai - 400005, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.03.1960 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.02.1996 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADAPJ4436A |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01145191 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Equity Shareholders |
|
No. of Shares |
|
Akshay Jain |
|
164652 |
|
Dhanesh Mehta |
|
129100 |
|
Dhanesh Mehta HUF |
|
165350 |
|
Akshay Jain HUF |
|
233450 |
|
Rajshree Jain |
|
157768 |
|
Nixita Jain |
|
222499 |
|
Arzav Jain |
|
222498 |
|
Shruti Mehta |
|
81493 |
|
Shailee Mehta |
|
81493 |
|
Shivani Mehta |
|
81493 |
|
Lafin Financial Services Private Limited, India |
|
74000 |
|
Jyoti Foundation, India |
|
74000 |
|
Total |
|
1687796 |
|
Names of Preference
Shareholders |
|
No. of Shares |
|
Lafin Financial Services Private Limited, India |
|
35020 |
|
Jyoti Foundation, India |
|
32520 |
|
Varsha Dilip Dhruv |
|
10000 |
|
Shweta Dhruv |
|
2925 |
|
Nita Dhruv |
|
5000 |
|
Dilip Dhruv |
|
5000 |
|
Total |
|
90465 |
AS ON 30.09.2016
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
91.23 |
|
Public/Other than promoters - Bodies corporate |
8.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
H R Joshi and Company Chartered Accountants |
|
Address : |
Shop No. 9, First Floor, Hi-Life Mall, P M Road, Santacruz (West), Mumbai - 400054, Maharashtra, India |
|
PAN No.: |
AAEPJ9204H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates Company : |
ARK
Industries Private Limited, India CIN
No.: U27200MH2004PTC148690 |
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
100000 |
Preference Shares |
INR 1000/- each |
INR 100.000 Million |
|
|
Total |
|
INR 120.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1687796 |
Equity Shares |
INR 10/- each |
INR 16.878 Million |
|
90465 |
Preference Shares |
INR 1000/- each |
INR 90.465 Million |
|
|
Total |
|
INR 107.343
Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
107.343 |
14.310 |
14.310 |
|
(b) Reserves and Surplus |
488.108 |
375.605 |
329.672 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
29.375 |
0.000 |
|
Total
Shareholders’ Funds |
595.451 |
419.290 |
343.982 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.549 |
3.421 |
|
(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 |
1.500 |
1.500 |
0.000 |
|
Total Non-current Liabilities
|
1.500 |
2.049 |
3.421 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
236.594 |
187.820 |
209.920 |
|
(b) Trade
payables |
1059.044 |
723.369 |
621.650 |
|
(c) Other
current liabilities |
38.384 |
12.498 |
6.959 |
|
(d) Short-term
provisions |
24.896 |
23.000 |
15.560 |
|
Total Current
Liabilities |
1358.918 |
946.687 |
854.089 |
|
|
|
|
|
|
TOTAL |
1955.869 |
1368.026 |
1201.492 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6.943 |
8.547 |
4.282 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
28.604 |
30.405 |
29.204 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
15.356 |
11.260 |
21.418 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
50.903 |
50.212 |
54.904 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1239.952 |
504.509 |
373.738 |
|
(c) Trade
receivables |
438.922 |
642.674 |
640.723 |
|
(d) Cash and
bank balances |
65.319 |
67.958 |
67.207 |
|
(e)
Short-term loans and advances |
158.941 |
102.319 |
58.575 |
|
(f) Other
current assets |
1.832 |
0.354 |
6.345 |
|
Total
Current Assets |
1904.966 |
1317.814 |
1146.588 |
|
|
|
|
|
|
TOTAL |
1955.869 |
1368.026 |
1201.492 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
11041.656 |
8162.433 |
7890.906 |
|
|
Other Income |
20.398 |
18.663 |
50.826 |
|
|
TOTAL |
11062.054 |
8181.096 |
7941.732 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
11433.041 |
7958.119 |
7713.459 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(735.443) |
(130.772) |
(95.458) |
|
|
Employee benefit expense |
6.411 |
7.858 |
7.879 |
|
|
Extraordinary items before tax |
0.653 |
0.000 |
0.000 |
|
|
Other expenses |
115.125 |
154.934 |
160.446 |
|
|
TOTAL |
10819.787 |
7990.139 |
7786.326 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
242.267 |
190.957 |
155.406 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
170.944 |
133.832 |
108.478 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
71.323 |
57.125 |
46.928 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.606 |
1.192 |
0.913 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
69.717 |
55.933 |
46.015 |
|
|
|
|
|
|
|
Less |
TAX |
22.500 |
10.000 |
7.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
47.217 |
45.933 |
39.015 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
30.40 |
32.10 |
37.16 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(107.589) |
95.919 |
412.171 |
|
Net cash flows from (used in) operating activities |
(130.089) |
85.919 |
81.904 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
14.51 |
28.74 |
29.64 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
25.16 |
12.70 |
12.32 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
33.81 |
33.18 |
29.42 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.20 |
0.38 |
0.42 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
34.89 |
22.34 |
36.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.69 |
0.69 |
0.71 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.40 |
0.45 |
0.62 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.28 |
2.26 |
2.48 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.01 |
0.02 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.42 |
1.43 |
1.43 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
0.43 |
0.56 |
0.49 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.41 |
3.36 |
3.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.93 |
10.95 |
11.34 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.40 |
1.39 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.49 |
0.86 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.30 |
0.31 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.20 |
13.16 |
14.91 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.40 |
1.39 |
1.34 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Share Capital |
14.310 |
14.310 |
107.343 |
|
Reserves & Surplus |
329.672 |
375.605 |
488.108 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
29.375 |
0.000 |
|
Net worth |
343.982 |
419.290 |
595.451 |
|
|
|
|
|
|
Long-term borrowings |
3.421 |
0.549 |
0.000 |
|
Short term borrowings |
209.920 |
187.820 |
236.594 |
|
Total borrowings |
213.341 |
188.369 |
236.594 |
|
Debt/Equity ratio |
0.620 |
0.449 |
0.397 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Sales |
7890.906 |
8162.433 |
11041.656 |
|
|
|
3.441 |
35.274 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Sales |
7890.906 |
8162.433 |
11041.656 |
|
Profit/ (Loss) |
39.015 |
45.933 |
47.217 |
|
|
0.49% |
0.56% |
0.43% |
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 |
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 |
No |
|
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 |
Note: The Registered Office of the company has
been shifted from No. B, Office No. 201/211, Gokul Arcade Building, Subhash Road, Near Garwan
Chowk, Vile Parle (East), Mumbai-400057, Maharashtra, India to the present address w.e.f. 09.10.2014.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
0.000 |
25.574 |
|
Total |
0.000 |
25.574 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G02546190 |
100023599 |
UNION BANK OF INDIA |
21/03/2016 |
- |
- |
302500000.0 |
Santacruz (West) Branch, La-Avanti, Jn. Of S.V. Road And Main Avenue, Santacruz (West), Mumbai-400054, Maharashtra, India |
|
2 |
G09759432 |
100045319 |
Bank of Maharashtra |
04/03/2016 |
- |
- |
350000000.0 |
Corpoate Finance Branch 6B, Ajay Mittal Ie, Andheri-Kurla Road, Andheri East, Mumbai-400059, Maharashtra, India |
|
3 |
C71468227 |
10604837 |
Syndicate Bank |
03/11/2015 |
- |
- |
350000000.0 |
Andheri East Branch, Sangam Cinema Compound 127 Andheri Kurla Road, J B Nagar, Mumbai-400059, Maharashtra, India |
|
4 |
B94292513 |
10059908 |
Canara Bank |
18/06/2007 |
23/12/2013 |
- |
745000000.0 |
Tamarind Lane Branch, Crossly House British Hotel Lane, Fort, Mumbai-400001, Maharashtra, India |
|
5 |
C80689318 |
10407937 |
ICICI BANK LIMITED |
19/01/2013 |
- |
01/03/2016 |
250000000.0 |
Landmarkrace Cource Circle, Alkapuri, Vadodara-390015, Gujarat, India |
|
6 |
C78997863 |
10273838 |
Standard Chartered Bank |
02/02/2011 |
- |
16/02/2016 |
160000000.0 |
SME Credit, 23-25, M G Road, Fort, Mumbai-400001, Maharashtra, India |
|
7 |
B73281057 |
10360507 |
YES BANK LIMITED |
07/09/2011 |
- |
12/04/2013 |
100000000.0 |
Nehru Centre, 9th Floor, Discovery Of India, Dr. A. B. Road, Worli, Mumbai-400018, Maharashtra, India |
|
8 |
B15360514 |
90386298 |
THE KUNAL CO- OP. BANK LTD. |
10/02/2005 |
- |
08/06/2011 |
5000000.0 |
Masjid Bunder, Mumbai, Maharashtra, India |
FIXED ASSETS:
Tangible Asset:
- Plant and equipment
- Furniture and Fixture
- Office equipment
- Computer equipment
- 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 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 |
|
|
1 |
INR 85.90 |
|
Euro |
1 |
INR 76.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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.