|
|
|
MIRA INFORM REPORT
|
Report No. : |
483662 |
|
Report Date : |
02.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUNSTAR PRECISION FORGE LIMITED |
|
|
|
|
Registered
Office : |
278, Katra Pedan, Tilak Bazar, Khari Baoli, Delhi-110006 |
|
Tel. No.: |
91-120-6747070 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.09.2004 |
|
|
|
|
Com. Reg. No.: |
55-129444 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 437.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28910DL2004PLC129444 |
|
|
|
|
IEC No.: |
0504061291 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS4077L |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
The Company is engaged in Manufacturing of Automobile
Components, Metal and Metal Products (Automotive Parts and Related Services). (Registered
activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Sunstar Precision Forge Limited was incorporated in the year 2004. It is a manufacturer and exporter of Automobile Components. For the financial year 2017, the company has achieved 7.22% growth in
its revenue as compared to previous year revenue and has reported average
profit margin of 1.89%. The moderate financial profile of the company is marked by low reserve
base as compared to its capital 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 |
ICRA |
|
Rating |
Fund Based = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
23.10.2017 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Non-Fund-Based Limited = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
23.10.2017 |
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
|
Name : |
Mr. Naresh |
|
Designation : |
AGM Finance |
|
Contact No.: |
91-9999101003 |
|
Date : |
30.12.2017 |
LOCATIONS
|
Registered Office : |
278, Katra Pedan, Tilak Bazar, Khari Baoli, Delhi-110006, India |
|
Tel. No.: |
91-120-6747070 |
|
Mobile No.: |
91-9999101003 (Mr. Naresh) |
|
Fax No.: |
91-120-6747071 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Factory : |
Plot No.12, Udyog Kendra, Ecotech III, Behind New Holland Tractors,
Greater Noida-2013016, Uttar Pradesh, India |
|
Location : |
Owned |
|
Locality: |
Industrial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Anuj Garg |
||||||||||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director/Ceo(Kmp) |
||||||||||||||||||||||||||||||||||||||
|
Address : |
C-1, Model Town East, Ghaziabad-201001, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.02.1979 |
||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Bachelor of Business Management |
||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2004 |
||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00370392 |
||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AANPG4951F |
||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mukesh Kumar Garg |
||||||||||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||||||||||||||||||||
|
Address : |
C-1, Model Town (East), Ghaziabad-201001, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.091961 |
||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Commerce Graduate |
||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2007 |
||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAAPG2585Q |
||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00697445 |
||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Raj Parkash Goel |
||||||||||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||||||||||||||||||||
|
Address : |
170, Bhera Enclave, Paschim Vihar, Delhi-110087, India |
||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.05.1958 |
||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Chartered Accountant |
||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2004 |
||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACVPG3190V |
||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00815756 |
||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanchit Garg |
||||||||||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||||||||||||||||||||
|
Address : |
C-1, Model Town East, Ghaziabad-201001, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.12.1990 |
||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.Tech |
||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2013 |
||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AQKPG5876C |
||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06555275 |
||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pravesh Kumar Garg |
||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||
|
Address : |
C-1, Model Town East, Ghaziabad-201001, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.04968 |
||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2008 |
||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAAPG2583J |
||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00245911 |
||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ankur Garg |
||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||
|
Address : |
C-1, Model Town East, Ghaziabad-201001, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2008 |
||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AANPG4953H |
||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00245944 |
||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Radhe Shyam Goyal |
||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 62, Sector-1, Rohtak-124001, Haryana, India |
||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.11.1942 |
||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Science Graduate |
||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2004 |
||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADRPG7917L |
||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00370775 |
||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Anuj Garg |
|
Designation : |
Wholetime Director/Ceo(Kmp) |
|
Address : |
C-1, Model Town East, Ghaziabad-201001, Uttar Pradesh, India |
|
Date of Birth/Age : |
20.02.1979 |
|
Qualification : |
Bachelor of Business Management |
|
Date of Appointment : |
27.09.2004 |
|
PAN No.: |
AANPG4951F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLD’S DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
34.30 |
|
Promoter - Bodies
corporate |
65.70 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in Manufacturing of Automobile
Components, Metal and Metal Products (Automotive Parts and Related Services). (Registered
activity and also Confirmed by management) |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Divulged |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Divulged |
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Products : |
Finished Goods |
||||||
|
Countries : |
|
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Products : |
Raw Material |
||||||
|
Countries : |
China |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Cash and Cheque |
||||||
|
|
|
||||||
|
Purchasing : |
Cash, Advance Payment and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Retailers
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
350 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Gupta Rustagi and Aggarwal Chartered Accountants |
|
Address : |
FF-2 and 3, Surya Arcade, U-110, Shakarpur, Main Vikas Marg,
New Delhi , India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFG6555H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
U74899DL1997PLC084287
U74899DL1997PLC085328
U65999DL1997PLC084284
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000000 |
Equity Shares |
INR 10/- each |
INR 450.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
43700000 |
Equity Shares |
INR 10/- each |
INR 437.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
437.000 |
437.000 |
437.000 |
|
(b) Reserves and Surplus |
226.936 |
203.921 |
184.726 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
663.936 |
640.921 |
621.726 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
13.647 |
44.271 |
93.327 |
|
(b) Deferred tax liabilities (Net) |
69.690 |
57.101 |
45.465 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
10.671 |
8.125 |
6.905 |
|
Total Non-current
Liabilities (3) |
94.008 |
109.497 |
145.697 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
378.791 |
327.888 |
326.653 |
|
(b) Trade
payables |
137.726 |
144.226 |
150.020 |
|
(c) Other
current liabilities |
57.286 |
79.847 |
71.693 |
|
(d) Short-term
provisions |
6.161 |
5.272 |
0.044 |
|
Total Current
Liabilities (4) |
579.964 |
557.233 |
548.410 |
|
|
|
|
|
|
TOTAL |
1337.908 |
1307.651 |
1315.833 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
610.649 |
632.271 |
624.146 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
8.883 |
4.079 |
40.923 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
22.364 |
19.423 |
16.423 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
641.896 |
655.773 |
681.492 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
219.671 |
221.668 |
241.176 |
|
(c) Trade
receivables |
377.331 |
347.117 |
295.029 |
|
(d) Cash and
bank balances |
7.553 |
3.111 |
3.841 |
|
(e) Short-term
loans and advances |
91.457 |
79.982 |
94.295 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
696.012 |
651.878 |
634.341 |
|
|
|
|
|
|
TOTAL |
1337.908 |
1307.651 |
1315.833 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1213.621 |
1131.800 |
962.765 |
|
|
Other Income |
13.114 |
10.513 |
11.932 |
|
|
TOTAL |
1226.735 |
1142.313 |
974.697 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
607.543 |
586.384 |
521.481 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.663 |
7.373 |
(28.427) |
|
|
Employee benefit expense |
100.018 |
82.442 |
73.200 |
|
|
Other expenses |
362.890 |
317.333 |
268.802 |
|
|
TOTAL |
1074.114 |
993.532 |
835.056 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
152.621 |
148.781 |
139.641 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
49.743 |
52.638 |
60.335 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
102.878 |
96.143 |
79.306 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
66.706 |
65.311 |
58.697 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
36.172 |
30.832 |
20.609 |
|
|
|
|
|
|
|
Less |
TAX |
13.157 |
11.638 |
6.947 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
23.015 |
19.194 |
13.662 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
55.921 |
36.726 |
23.060 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
78.936 |
55.921 |
36.726 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
453.549 |
403.245 |
365.586 |
|
|
Other
Earning |
0.000 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Plant and Machinery |
7.760 |
0.000 |
0.000 |
|
|
Electrical Fittings |
0.000 |
2.817 |
26.886 |
|
|
TOTAL IMPORTS |
0.000 |
0.000 |
26.886 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.527 |
0.439 |
0.313 |
Expected Sales (2017-2018) : INR 1300.000 Million (Approximately) (Due
to business growth)
The above information has been parted by Mr. Naresh Gulta (AGM Finance)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
36.928 |
62.101 |
58.786 |
|
Net cash flows from (used in) operations |
137.461 |
139.555 |
170.037 |
|
Net cash flows from (used in) operating activities |
125.943 |
129.482 |
170.037 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
113.48 |
111.94 |
111.85 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.22 |
3.26 |
3.26 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors / Purchases
* 365] |
|
82.74 |
89.77 |
105.00 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.69 |
0.67 |
0.58 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.25 |
0.23 |
0.21 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.47 |
0.51 |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.65 |
0.68 |
0.77 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.87 |
0.87 |
0.88 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.93 |
0.99 |
1.07 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
3.07 |
2.83 |
2.31 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
1.90 |
1.70 |
1.42 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
1.72 |
1.47 |
1.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
3.47 |
2.99 |
2.20 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.20 |
1.17 |
1.16 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.82 |
0.77 |
0.72 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.50 |
0.49 |
0.47 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.98 |
0.99 |
1.10 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.20 |
1.17 |
1.16 |
Total Liability =
Short-term Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
437.000 |
437.000 |
437.000 |
|
Reserves & Surplus |
184.726 |
203.921 |
226.936 |
|
Net
worth |
621.726 |
640.921 |
663.936 |
|
|
|
|
|
|
Long-term borrowings |
93.327 |
44.271 |
13.647 |
|
Short term borrowings |
326.653 |
327.888 |
378.791 |
|
Current maturities of
long-term debts |
58.786 |
62.101 |
36.928 |
|
Total
borrowings |
478.766 |
434.260 |
429.366 |
|
Debt/Equity
ratio |
0.770 |
0.678 |
0.647 |
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 |
962.765 |
1131.800 |
1213.621 |
|
|
0.000 |
17.557 |
7.229 |
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 |
962.765 |
1131.800 |
1213.621 |
|
Profit/ (Loss) |
13.662 |
19.194 |
23.015 |
|
|
1.42
% |
1.70
% |
1.90
% |
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 |
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 |
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 |
NOTE: Registered office of the company has been
shifted from 170 1st Floor, Bhera Enclave, Delhi – 110087, India to the present address w.e.f. 01.05.2006
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
2.144 |
6.195 |
|
|
|
|
|
Total |
2.144 |
6.195 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G45879442 |
100083275 |
HDFC BANK LIMITED |
30/01/2017 |
30/05/2017 |
- |
518803000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel W, Mumbai – 400013, Maharashtra, India |
|
2 |
G41073859 |
10105106 |
Syndicate Bank |
09/05/2008 |
30/01/2014 |
03/04/2017 |
778000000.0 |
I.P. Estatenew Delhidl110002in |
|
3 |
G41548173 |
90369731 |
SYNDICATE BANK |
31/01/2006 |
- |
03/04/2017 |
77961397.0 |
New Delhinew Delhidlin |
|
4 |
G41076100 |
10020689 |
Syndicate Bank |
06/09/2006 |
30/01/2014 |
03/04/2017 |
778000000.0 |
I.P. Estatenew Delhidl110002in |
|
5 |
B97962997 |
10382808 |
The Hongkong & Shanghai Banking Corporation Limited |
25/10/2012 |
- |
28/02/2014 |
100000000.0 |
25, Barakhamba Road, Birla Towernew Delhidl110001in |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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 63.93 |
|
|
1 |
INR 86.07 |
|
Euro |
1 |
INR 76.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHAL |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KJL |
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 |
YES |
|
--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.