|
|
|
MIRA INFORM REPORT
|
Report No. : |
484093 |
|
Report Date : |
02.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
MOHAN FABTEX LIMITED |
|
|
|
|
Registered
Office : |
A-47, Lower Ground Floor, Hauz Khas, New Delhi – 110016 |
|
Tel. No.: |
91-22-40274007/ 23480901 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
29.08.2006 |
|
|
|
|
Com. Reg. No.: |
55-152697 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 64.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17126DL2006PLC152697 |
|
|
|
|
IEC No.: |
0310026512 |
|
|
|
|
GSTIN/UIN : |
27AAECM7632H1ZC |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM13745E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM7632H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is Trader and Importer of Steel Plates, HR Plates and Coils, Sponge Iron, DRI, Coal, MS Scrap, TMT, Billets, Pig Iron and Pipes etc. and also act as a commission agent. [Registered Activity and also Confirmed by management] |
|
|
|
|
No. of Employees
: |
6 (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 : |
Mohan Fabtex Limited is a trader and importer of steel plates, HR plates
and coils, sponge iron, MS scrap, TMT Billets, pig iron and pipes etc. and
also acts as a commission agent. The company was incorporated in the year
2006 and is based in New Delhi, India. It is an established company having
satisfactory track record. Management of the company has not filed its financials with the
government department for the year 2017. As per available financial of 2016, revenue of the company has
slightly declined. However, company has witnessed a growth in its profit. The company possesses an acceptable financial profile marked by sound
net worth base along with low debt level and favorable gap between trade
payables and trade receivables. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
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 |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
17.11.2017 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. KBS Panchlagia |
|
Designation : |
Director |
|
Contact No.: |
91-22-23480901 |
LOCATIONS
|
Registered Office : |
A-47, Lower Ground Floor, Hauz Khas, New Delhi – 110016, India |
|
Tel. No.: |
91-22-40274007/ 23480901 |
|
Mobile No.: |
91-9322027007 (Mr. Vishal Agarwal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
9684 Sq. Ft. |
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Corporate Office
: |
97, Maker Chamber III, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
Tel. No.: |
91-22-40274007 |
|
Fax No.: |
91-22-40274037 |
|
E-Mail : |
|
|
|
|
|
Branch Office: |
B-21, Nirman Complex, Opposite Havemor Res, Navagpura, Ahmedabad –
380009, Gujarat, India |
|
|
|
|
Sales Office : |
109 Loha Bhavan, 93 P.D’ Mello Road, Carnac Bunder, Mumbai – 400009,
Maharashtra, India |
|
Tel. No.: |
91-22-23480901 |
|
Fax No.: |
91-22-23482123 |
|
E-Mail : |
|
|
Locality: |
Commercial |
|
|
|
|
Godown : |
Plot No. 1836 on Road, No.24, Sector K.W.C. Kalamboli Warehouse
Complex, Near Foodland Company, Kalamboli, Navi Mumbai, Maharashtra, India |
|
E-Mail : |
|
|
Area : |
1836 Sq. Ft |
|
Location : |
Owned |
|
|
|
|
Stock Yard : |
Located at : · Mumbai · Hyderabad · Chennai |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vishal Agarwal |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
52, Laxmi Nivas, 87, Nepeansea Road, Mumbai – 400006, Maharashtra,
India |
||||||||||||||||
|
Date of Birth/Age : |
06.03.1977 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
29.08.2006 |
||||||||||||||||
|
PAN No.: |
AABHV9527N |
||||||||||||||||
|
DIN No.: |
00168370 |
||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Abhishek Karnawat |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Oswali Mohalla, Sabji Mandi, Madanganj -Kishangarh, Ajmer – 305801,
Rajasthan, India |
||||||||||||||||
|
Date of Birth/Age : |
31.07.1987 |
||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||
|
Date of Appointment : |
28.09.2012 |
||||||||||||||||
|
DIN No.: |
05109776 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. KBS Pachlangia |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
B/205, Pooja CHS Limited, Swagatam Housing Complex, Sector-B, Jesal Park
Bhaindar (East), Thane – 401105, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
18.08.1947 |
||||||||||||||||
|
Qualification : |
B. Com |
||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||
|
DIN No.: |
07177911 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Manju Amar Dev |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Ramayan Co-Operative Housing Society, Flat No. 01, Ground Floor,
"A" Wing Chinchapada Road, Kalyan, Mumbai – 400026, Maharashtra,
India |
||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||
|
DIN No.: |
07231465 |
||||||||||||||||
KEY EXECUTIVES
|
Name : |
KAV and Associates |
|
Designation : |
Company Secretary |
|
Address : |
93-B, Pocket A-3, Mayur Vihar, Phase-III, Delhi – 110096, India |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Vishal Agrawal |
|
5009995 |
|
Priyanka Agarwal |
|
1 |
|
Vishal Agrawal (HUF) |
|
1480000 |
|
Chandratan Agrawal (HUF) |
|
1 |
|
Chandratan Agarwal |
|
1 |
|
Sheela Devi Agarwal |
|
1 |
|
Manmohan Narayan Tumbe |
|
1 |
|
|
|
|
|
Total |
|
6490000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is Trader and Importer of Steel Plates, HR Plates and Coils, Sponge Iron, DRI, Coal, MS Scrap, TMT, Billets, Pig Iron and Pipes etc. and also act as a commission agent [Registered Activity and also Confirmed by management] |
||||
|
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|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Welspun Gujarat Stahl Rohren Limited |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
·
Finished Goods |
||||
|
Countries : |
·
UK ·
USA ·
South African Countries ·
Singapore |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash, L/C and Credit (30/60/90 Days) |
||||
|
|
|
||||
|
Purchasing : |
Cash, L/C and Credit (30/60/90 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers, End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
6 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Sharma Goel and Company LLP Chartered Accountants |
|
Address : |
A-47, Lower Ground Floor, Hauz Khas, Delhi – 110016, India |
|
PAN No.: |
AABFS1604B |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries (As confirmed by management) : |
· Span Fibres (India) Private Limited · Satyam Fibres (India) Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6490000 |
Equity Shares |
INR 10/- each |
INR 64.900
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
64.900 |
64.900 |
64.900 |
|
(b) Reserves & Surplus |
56.057 |
54.322 |
54.123 |
|
(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) |
120.957 |
119.222 |
119.023 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
83.000 |
90.000 |
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) |
83.000 |
90.000 |
0.000 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
7.696 |
49.851 |
69.996 |
|
(b) Trade
payables |
465.172 |
357.059 |
364.550 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
1.044 |
11.204 |
9.602 |
|
Total Current
Liabilities (4) |
473.912 |
418.114 |
444.148 |
|
|
|
|
|
|
TOTAL |
677.869 |
627.336 |
563.171 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
29.465 |
32.212 |
21.989 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
15.578 |
14.839 |
14.839 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
2.881 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.050 |
0.050 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
19.041 |
|
Total Non-Current
Assets |
45.093 |
47.101 |
58.750 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
20.570 |
16.887 |
14.842 |
|
(c) Trade
receivables |
563.383 |
411.391 |
465.321 |
|
(d) Cash
and cash equivalents |
22.574 |
20.643 |
0.039 |
|
(e) Short-term
loans and advances |
26.249 |
131.314 |
24.219 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
632.776 |
580.235 |
504.421 |
|
|
|
|
|
|
TOTAL |
677.869 |
627.336 |
563.171 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2316.572 |
3440.389 |
3595.751 |
|
|
|
Other Income |
49.945 |
9.703 |
18.698 |
|
|
|
TOTAL |
2366.517 |
3450.092 |
3614.449 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2309.734 |
3360.413 |
3544.104 |
|
|
|
Employees benefits expense |
0.881 |
1.461 |
1.444 |
|
|
|
Other expenses |
3.860 |
6.763 |
7.357 |
|
|
|
TOTAL |
2314.475 |
3368.637 |
3552.905 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
52.042 |
81.455 |
61.544 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
47.398 |
73.797 |
45.202 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.644 |
7.658 |
16.342 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION |
2.747 |
4.528 |
1.665 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1.897 |
3.130 |
14.677 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.162 |
1.602 |
4.844 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1.735 |
1.528 |
9.833 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (INR) |
0.27 |
0.24 |
1.52 |
|
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 |
|
Cash generated from operations |
(31.415) |
(76.401) |
NA |
|
Net cash flows from (used in) operation |
(31.576) |
(79.648) |
14.687 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
88.77 |
43.65 |
47.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.11 |
8.36 |
7.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
73.51 |
38.78 |
37.54 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.53 |
4.82 |
4.15 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.16 |
1.73 |
1.67 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.82 |
0.81 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.75 |
1.17 |
0.59 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.92 |
3.51 |
3.73 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.37 |
0.39 |
0.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.10 |
1.10 |
1.36 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.07 |
0.04 |
0.27 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.26 |
0.24 |
1.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.43 |
1.28 |
8.26 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.34 |
1.39 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.29 |
1.35 |
1.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.18 |
0.19 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.40 |
2.15 |
1.08 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.34 |
1.39 |
1.14 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
64.900 |
64.900 |
64.900 |
|
Reserves & Surplus |
54.123 |
54.322 |
56.057 |
|
Net
worth |
119.023 |
119.222 |
120.957 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
90.000 |
83.000 |
|
Short Term borrowings |
69.996 |
49.851 |
7.696 |
|
Total
borrowings |
69.996 |
139.851 |
90.696 |
|
Debt/Equity
ratio |
0.588 |
1.173 |
0.750 |
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
|
3595.751 |
3440.390 |
2316.572 |
|
|
|
(4.321) |
(32.665) |
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
|
3595.751 |
3440.389 |
2316.572 |
|
Profit/(Loss) |
9.833 |
1.528 |
1.735 |
|
|
0.27% |
0.04% |
0.07% |
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 |
Yes |
|
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) |
Yes |
|
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 |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
83.000 |
90.000 |
|
|
|
|
|
Total |
83.000 |
90.000 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B96764873 |
10478480 |
Indian Overseas Bank |
29/01/2014 |
- |
- |
510000000.0 |
Nariman Point Branch 'Bakhtawar', Nariman Point Mumbai MH400021IN |
|
2 |
B90399999 |
10287125 |
Indian Overseas Bank |
29/03/2011 |
12/10/2013 |
- |
510000000.0 |
Nariman Point Branch 'Bakhtawar', Nariman Point Mumbai MH400021IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
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
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
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.