|
|
|
MIRA INFORM REPORT
|
Report No. : |
484087 |
|
Report Date : |
03.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ULTIMA SWITCHGEARS LIMITED (w.e.f. 31.07.2008) |
|
|
|
|
Formerly Known
As : |
ULTIMA SWITCHGEARS PRIVATE LIMITED (w.e.f. 14.12.2004) ULTIMA SWITCHGEARS AND PROJECTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-3 (Basement), DDA Local Shopping Complex, Mayur Vihar, Phase – I,
Delhi - 110091 |
|
Tel. No.: |
91-11-43064896/43064896 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
16.01.1997 |
|
|
|
|
Com. Reg. No.: |
55-084513 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 23.479 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109DL1997PLC084513 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TIN No.: |
07040196584 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU1741K |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Assembling and Marketing of Electronic and Electric Equipment’s
(Registered activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
150 (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 : |
Ultimate Switchgears Limited was incorporated in the year 1997. It is
engaged in manufacturing, importing, assembling and marketing of Electronic
Control Panel and boards, Outdoor H.T. Switchgears and turnkey projects. For the financial year 2017, the revenue of the company has increased
by 1.20% along with average profit margin of 1.50%. The sound financial profile of the company is marked by adequate
networth base along with debt level. The rating takes into consideration the subject’s long track record of
business operations along with extensive experience of its promoters. However, rating strength are partially offset by unfavourable gap
between trade payables and trade receivables. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealing 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 |
INDIA RATING |
|
Rating |
Fund Based Limits = BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
27.12.2017 |
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Non Fund Based Limits = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit rsik. |
|
Date |
27.12.2017 |
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 03.01.2018
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. Gurdeep Singh |
|
Designation : |
Finance Department |
|
Contact No.: |
91-9582599148 |
|
Date : |
02.01.2018 |
LOCATIONS
|
Registered/ Head Office : |
B-3 (Basement), DDA Local Shopping Complex, Mayur Vihar, Phase – I,
Delhi – 110091, India |
|
Tel. No.: |
91-11-43064896 / 43064896 |
|
Mobile No.: |
91-9582599148 (Mr. Gurdeep Singh) 91-9582599147 (Mr. Raghav Sharma) 91-9582599105/ 9582599104 (Mr. Dharamvir Parmar) |
|
Fax No.: |
91-11-43064896 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
STS-128, First Floor, DLF Star Tower, Silokhera – II, Exit-8, Gurugram-122003, Haryana, India |
|
|
|
|
Factory 1 : |
F-6 and 7 Site-C UPSIDC, Surajpur Industrial Area, Greater Noida-201306, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2560872 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Khasra No. 215 Bhagwanpur Industrial Area, Village Raipur Tehsil-Roorkee, District Haridwar- 247667, Uttarakhand, India |
|
Tel. No.: |
91-1332-235043 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mrs. Vandana Parmar |
||||||||
|
Designation : |
Whole-Time Director |
||||||||
|
Address : |
351, Pocket - E Mayur Vihar, Phase – II, Delhi-110092, India |
||||||||
|
Date of Birth/Age : |
13.07.1961 |
||||||||
|
Date of Appointment : |
10.05.2004 |
||||||||
|
DIN No.: |
00399349 |
||||||||
|
PAN No.: |
AAIPP6188L |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Dharamvir Parmar |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
351, Pocket - E Mayur Vihar, Phase – II, Delhi-110092, India |
||||||||
|
Date of Birth/Age : |
20.08.1956 |
||||||||
|
Date of Appointment : |
10.09.2011 |
||||||||
|
DIN No.: |
01222100 |
||||||||
|
PAN No.: |
AFGPP7727N |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mrs. Dharna Parmar |
||||||||
|
Designation : |
Whole-Time Director |
||||||||
|
Address : |
351, Pocket - E Mayur Vihar, Phase – II, Delhi-110092, India |
||||||||
|
Date of Birth/Age : |
03.01.1985 |
||||||||
|
Date of Appointment : |
21.06.2003 |
||||||||
|
DIN No.: |
01222114 |
||||||||
|
PAN No.: |
ANBPP9086D |
||||||||
|
Other Directorship:
|
|||||||||
KEY EXECUTIVES
|
Name : |
Mr. Gurdeep Singh |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Dharam Vir Parmar |
|
170050 |
|
Dharna Parmar |
|
10050 |
|
Vandana Parmar |
|
200050 |
|
Vanshdeep Parmar |
|
50 |
|
Focus Infrabuild Private Limited |
|
968750 |
|
Dharam Vir Parmar (HUF) |
|
30000 |
|
|
|
|
|
Directors and
their Relatives |
|
|
|
Ranjeet Singh Ola |
|
173100 |
|
Sunita Ola |
|
56400 |
|
Deependra Singh Ola |
|
610800 |
|
Kamla Devi Ola |
|
90650 |
|
Vaishau Ola |
|
38000 |
|
|
|
|
|
Total |
|
2347900 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
17.47 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
41.26 |
|
Public - Bodies corporate |
41.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Assembling and Marketing of Electronic and Electric Equipment’s
(Registered activity and also Confirmed by management) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
China |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Cheque, RTGS, NEFT |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cheque, RTGS, NEFT |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Avan and Associates Chartered Accountants |
|
Address : |
313, 2nd Floor, Vikas Complex, 37, V S Block, Vikas Marg, New Delhi-
110091, India |
|
Tel. No.: |
91-11-47045349 |
|
Mobile No.: |
91-9891915349 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAXFM2052M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
INR 10/- each |
INR 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2347900 |
Equity Shares |
INR 10/- each |
INR 23.479 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 |
23.479 |
23.479 |
23.479 |
|
(b) Reserves &
Surplus |
156.227 |
155.623 |
151.934 |
|
(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) |
179.706 |
179.102 |
175.413 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.766 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
3.300 |
4.268 |
5.244 |
|
(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) |
4.066 |
4.268 |
5.244 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
54.026 |
104.964 |
88.429 |
|
(b) Trade payables |
86.054 |
67.372 |
113.893 |
|
(c) Other current
liabilities |
3.933 |
4.986 |
9.650 |
|
(d) Short-term provisions |
2.367 |
1.666 |
0.982 |
|
Total Current Liabilities
(4) |
146.380 |
178.988 |
212.954 |
|
|
|
|
|
|
TOTAL |
330.152 |
362.358 |
393.611 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
33.639 |
38.609 |
44.582 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.029 |
0.029 |
0.029 |
|
(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 |
33.668 |
38.638 |
44.611 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
97.146 |
100.978 |
126.511 |
|
(c) Trade receivables |
168.750 |
192.778 |
195.244 |
|
(d) Cash and cash
equivalents |
9.810 |
9.189 |
7.186 |
|
(e) Short-term loans and
advances |
19.651 |
19.175 |
18.444 |
|
(f) Other current assets |
1.127 |
1.600 |
1.615 |
|
Total Current Assets |
296.484 |
323.720 |
349.000 |
|
|
|
|
|
|
TOTAL |
330.152 |
362.358 |
393.611 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
262.629 |
259.489 |
231.706 |
|
|
Other Income |
4.049 |
6.171 |
0.901 |
|
|
TOTAL |
266.678 |
265.660 |
232.607 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
211.093 |
185.475 |
104.766 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
91.951 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.306 |
26.144 |
(29.540) |
|
|
Employees benefits
expense |
22.227 |
20.767 |
17.902 |
|
|
Other expenses |
8.553 |
8.506 |
23.642 |
|
|
TOTAL |
244.179 |
240.892 |
208.721 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
22.499 |
24.768 |
23.886 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
12.693 |
14.888 |
14.651 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
9.806 |
9.880 |
9.235 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.129 |
6.291 |
6.643 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
3.677 |
3.589 |
2.592 |
|
|
|
|
|
|
|
Less |
TAX |
(0.268) |
(0.292) |
(0.450) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
3.945 |
3.881 |
3.042 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
140.876 |
136.995 |
134.897 |
|
|
|
|
|
|
|
Add |
Depreciation Adjustment |
0.000 |
0.000 |
(1.812) |
|
Less |
Income Tax / FBT
Adjustment |
0.000 |
0.000 |
(0.868) |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
144.821 |
140.876 |
136.995 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.68 |
1.65 |
1.30 |
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 |
14.647 |
14.878 |
5.772 |
|
Net cash flow from operating activity |
13.755 |
14.002 |
5.956 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
234.53 |
271.16 |
307.56 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
1.56 |
1.35 |
1.19 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
148.80 |
132.58 |
211.32 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.23 |
0.25 |
0.19 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.67 |
0.64 |
0.54 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.45 |
0.49 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.30 |
0.59 |
0.50 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.81 |
1.00 |
1.21 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.19 |
0.22 |
0.25 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.77 |
1.66 |
1.63 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
1.50 |
1.50 |
1.31 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.19 |
1.07 |
0.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.20 |
2.17 |
1.73 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.03 |
1.81 |
1.64 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.36 |
1.24 |
1.04 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.54 |
0.49 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.33 |
4.47 |
3.77 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.03 |
1.81 |
1.64 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
23.479 |
23.479 |
23.479 |
|
Reserves & Surplus |
151.934 |
155.623 |
156.227 |
|
Net
worth |
175.413 |
179.102 |
179.706 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.766 |
|
Short Term borrowings |
88.429 |
104.964 |
54.026 |
|
Total
borrowings |
88.429 |
104.964 |
54.792 |
|
Debt/Equity
ratio |
0.504 |
0.586 |
0.305 |
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
|
231.706 |
259.489 |
262.629 |
|
|
|
11.991 |
1.210 |
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
|
231.706 |
259.489 |
262.629 |
|
Profit |
3.042 |
3.881 |
3.945 |
|
|
1.31% |
1.50% |
1.50% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
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 |
OPERATIONS
PERFORMANCE
The company has reported total income INR 266.678 Million for the
current year as compared to INR 265.660 Million in the previous year. The net
profit for the year is amounted to INR 3.945 Million as compared to INR 3.881
Million in the previous year.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G64303761 |
100135799 |
Vijaya Bank |
27/10/2017 |
- |
- |
1125000.0 |
No. 2/10, Ansari Road, Darya Ganj, Delhi – 110002, India |
|
2 |
B73362063 |
10420363 |
Vijaya Bank |
22/03/2013 |
- |
- |
25000000.0 |
Ansari Road, Daryaganj, New Delhi – 110002, India |
|
3 |
B64063928 |
10391862 |
Vijaya Bank |
29/10/2012 |
- |
- |
9300000.0 |
Ansari Road, Daryaganj, New Delhi – 110002, India |
|
4 |
A11508843 |
10039241 |
Vijaya Bank |
13/02/2007 |
- |
- |
11500000.0 |
Ansari Road, Daryaganj, New Delhi – 110002, India |
|
5 |
G60638509 |
10039245 |
Vijaya Bank |
13/02/2007 |
17/10/2017 |
- |
155000000.0 |
No. 2/10, Ansari Road, Darya Ganj, Delhi – 110002, India |
|
6 |
A11508850 |
10039243 |
Vijaya Bank |
13/02/2007 |
- |
- |
13500000.0 |
Ansari Road, Daryaganj, New Delhi – 110002, India |
|
7 |
A11198512 |
90039077 |
UCO BANK |
12/06/2004 |
- |
13/02/2007 |
5000000.0 |
KRISHAN NAGAR, Delhi – 110002, India |
FIXED ASSETS
· Land and Building
· Furniture and Fixture
· Plant and Machinery
· Office Equipment’s
· Vehicles
· Computer and Printer
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 63.67 |
|
|
1 |
INR 86.11 |
|
Euro |
1 |
INR 76.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.