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|
MIRA INFORM REPORT
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Report No. : |
484520 |
|
Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
YATIN STEELS INDIA PRIVATE LIMITED |
|
|
|
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Registered
Office : |
Joshi Chamber, 66-B, Ground Floor, Ahmedabad Street, Carnac Bunder, Mumbai-400009, Maharashtra |
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Tel. No.: |
91-22-43454777 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
26.03.2004 |
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Com. Reg. No.: |
11-145365 |
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Capital
Investment / Paid-up Capital : |
INR 28.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U27100MH2004PTC145365 |
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IEC No.: |
0304026107 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMY01390E |
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GSTIN: |
27AAACY2171R1ZR |
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PAN No.: [Permanent Account No.] |
AAACY2171R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is primarily engaged in the business of trading in Iron and steels. (Registered Activity and also Confirmed by management) |
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No. of Employees
: |
12 (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 |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2004 having fine track record. It is a trader of iron and steel.
For the financial year ended 2016, company has reported 34.93% revenue
growth as compared to previous revenue and it has maintain decent
profitability margin at 1.26% during the year under review. Rating takes into consideration company’s established track record of
business operations marked by its healthy financial base along with adequate
networth position and healthy debt coverage indicators. The company has decent earning per shares (EPS) of INR 76.77 against
the face value (FV) of INR 10. However, these strengths are partially offset by the susceptibility of
company’s profitability margins to volatility in steel prices and in foreign
exchange (forex) rates. Trade relations are fair. Payments are reported to be slow but
correct. In view of aforesaid, the company can be considered good for normal
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 (Withdrawal) (BB+) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
22.06.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term (Withdrawal) (A4+) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
22.06.2017 |
Reason for suspension: Received no objection certification from Bank.
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 04.01.2018
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. Manoj More |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9920998287 |
LOCATIONS
|
Registered Office : |
Joshi Chamber, 66-B, Ground Floor, Ahmedabad Street, Carnac Bunder, Mumbai-400009, Maharashtra, India |
|
Tel. No.: |
91-22-43454777 |
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Mobile No.: |
91-9920998287 (Mr. Manoj) |
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Fax No.: |
91-22-43454712 |
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E-Mail : |
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Website: |
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Area: |
4500 Sq. Ft. |
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Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
Plot No. 1247, Kalamboli Taluka Panvel, District Raigad-410218, Maharashtra,
India |
|
Location : |
Owned |
DIRECTORS
As on: 31.03.2017
|
Name : |
Mr. Yatin Jagmohan Khanna |
|
Designation : |
Director |
|
Address : |
804-A, Ghamat Lodge, 5th Floor, Dr. B. A. Road, Mumbai-400014, Maharashtra, India |
|
Date of Birth/Age : |
07.01.1968 |
|
Qualification : |
Bachelor of Commerce |
|
Date of Appointment : |
26.03.2004 |
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PAN No.: |
AABPK3388E |
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DIN No.: |
00472140 |
|
|
|
|
Name : |
Mrs. Sharda Jagmohan Khanna |
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Designation : |
Director |
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Address : |
804-A, Ghamat Lodge, 5th Floor, Dr. B. A. Road, Mumbai-400014, Maharashtra, India |
|
Date of Birth/Age : |
14.04.1943 |
|
Qualification : |
Bachelor of Commerce |
|
Date of Appointment : |
26.03.2004 |
|
PAN No.: |
AACPK7143A |
|
DIN No.: |
00964689 |
|
|
|
|
Name : |
Mr. Pavan Yatin Khanna |
|
Designation : |
Director |
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Address : |
804-A, Ghamat Lodge, 5th Floor, Dr. B. A. Road, Mumbai-400014, Maharashtra, India |
|
Date of Birth/Age : |
04.09.1966 |
|
Qualification : |
Bachelor of Commerce |
|
Date of Appointment : |
26.03.2004 |
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PAN No.: |
AAKPK6563G |
|
DIN No.: |
01174895 |
KEY EXECUTIVES
|
Name : |
K.C. Nevatia and Associates |
|
Designation : |
Company Secretary |
|
Address : |
J-2, Jolly Highrise Apartments, 10th Floor, 241-A, Pali Mala Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
|
Tel No.: |
91-22-26058114 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Equity Shareholders |
|
No. of Shares |
|
Yatin Jagmohan Khanna |
|
2668000 |
|
Pavan Yatin Khanna |
|
101000 |
|
Sharda Jagmohan Khanna |
|
31000 |
|
Total |
|
2800000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2016
|
Category |
Percentage |
|
Promoters |
|
|
Individual/Hindu Undivided Family – India |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in the business of trading in Iron and steels. (Registered Activity and also Confirmed by management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Available |
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Imports : |
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Products : |
Raw material |
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Countries : |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
12 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Lakhani and Company LLP Chartered Accountants |
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Address : |
Hemsharsaka,19 Gola Lane, Behind Badri Mahal, Mumbai - 400001, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFL2613R |
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Membership No.: |
100305 |
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Memberships : |
-- |
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Collaborators : |
-- |
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Proprietary concern |
Yatin Khanna and yatin steels |
CAPITAL STRUCTURE
After: 30.09.2016
Authorised Capital : INR
125.000 Million
Issued, Subscribed & Paid-up Capital : INR 33.000 Million
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
500000 |
Preference Shares |
INR 10/- each |
INR 5.000 Million |
|
|
Total |
|
INR 125.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2800000 |
Equity Shares |
INR 10/- each |
INR 28.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 28.000
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 |
28.000 |
33.000 |
33.000 |
|
(b) Reserves & Surplus |
1104.222 |
906.947 |
743.078 |
|
(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) |
1132.222 |
939.947 |
776.078 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.670 |
|
(b) Deferred tax liabilities (Net) |
1.265 |
1.269 |
2.255 |
|
(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) |
1.265 |
1.269 |
2.925 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
450.822 |
511.899 |
188.643 |
|
(b) Trade
payables |
5412.983 |
3542.339 |
2432.064 |
|
(c) Other current
liabilities |
98.177 |
109.508 |
158.637 |
|
(d) Short-term
provisions |
63.837 |
36.577 |
12.184 |
|
Total Current
Liabilities (4) |
6025.819 |
4200.323 |
2791.528 |
|
|
|
|
|
|
TOTAL |
7159.306 |
5141.539 |
3570.531 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
14.597 |
16.368 |
21.175 |
|
(ii)
Intangible Assets |
0.000 |
0.003 |
0.014 |
|
(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 |
52.911 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
35.266 |
0.824 |
23.441 |
|
(e) Other
Non-current assets |
403.090 |
511.182 |
340.691 |
|
Total Non-Current
Assets |
505.864 |
528.377 |
385.321 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
407.937 |
473.697 |
0.000 |
|
(c) Trade
receivables |
5522.714 |
3574.924 |
2438.388 |
|
(d) Cash
and cash equivalents |
578.206 |
411.251 |
513.538 |
|
(e)
Short-term loans and advances |
54.370 |
38.985 |
193.061 |
|
(f) Other
current assets |
90.215 |
114.305 |
40.223 |
|
Total
Current Assets |
6653.442 |
4613.162 |
3185.210 |
|
|
|
|
|
|
TOTAL |
7159.306 |
5141.539 |
3570.531 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
17244.899 |
12780.498 |
9266.674 |
|
|
Other Income |
128.999 |
121.460 |
112.528 |
|
|
TOTAL |
17373.898 |
12901.958 |
9379.202 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Direct Expenses |
58.949 |
45.321 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
16305.149 |
12578.769 |
8764.117 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
65.760 |
(473.697) |
108.386 |
|
|
Employees benefits
expense |
50.033 |
39.414 |
38.851 |
|
|
Other expenses |
473.894 |
373.028 |
208.888 |
|
|
TOTAL |
16894.836 |
12517.514 |
9120.242 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
479.062 |
384.444 |
258.960 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
139.887 |
126.672 |
161.927 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
339.175 |
257.772 |
97.033 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.946 |
4.813 |
3.103 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
337.229 |
252.959 |
93.930 |
|
|
|
|
|
|
|
Less |
TAX (H) |
119.954 |
89.039 |
30.959 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
217.275 |
163.920 |
62.971 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
775.347 |
611.479 |
548.508 |
|
|
|
|
|
|
|
Add |
Adjustment on account of
depreciation |
0.000 |
(0.052) |
0.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATION |
|
|
|
|
|
Transfer to Capital Redemption Reserve |
5.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
987.622 |
775.347 |
611.479 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
4357.757 |
4667.964 |
1975.236 |
|
|
TOTAL IMPORTS |
4357.757 |
4667.964 |
1975.236 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
76.77 |
58.54 |
22.49 |
|
Particulars |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
14000.000 |
|
|
|
|
|
Expected Sales (2017-18): INR 16000.000 million
The above information has been parted by Mr. Manoj More (Accounts
Manager).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.670 |
2.521 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
487.778 |
(77.938) |
238.742 |
|
Net Cash flows from operating activities |
259.171 |
(234.926) |
111.133 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
116.89 |
102.10 |
96.04 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.12 |
3.58 |
3.80 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
121.17 |
102.79 |
101.29 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.17 |
0.81 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
32.82 |
23.48 |
12.22 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.84 |
0.82 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.40 |
0.55 |
0.25 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
5.32 |
4.47 |
3.60 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.01 |
0.02 |
0.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.42 |
3.03 |
1.60 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin (PAT / Sales) * 100) |
% |
1.26 |
1.28 |
0.68 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.03 |
3.19 |
1.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
19.19 |
17.44 |
8.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.10 |
1.10 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.04 |
0.99 |
1.14 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.16 |
0.18 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
16.10 |
15.53 |
5.81 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.10 |
1.10 |
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 |
33.000 |
33.000 |
28.000 |
|
Reserves & Surplus |
743.078 |
906.947 |
1104.222 |
|
Net
worth |
776.078 |
939.947 |
1132.222 |
|
|
|
|
|
|
Long-term borrowings |
0.669 |
0.000 |
0.000 |
|
Short term borrowings |
188.643 |
511.899 |
450.822 |
|
Current maturities of
long-term debts |
2.521 |
0.670 |
0.000 |
|
Total
borrowings |
191.833 |
512.569 |
450.822 |
|
Debt/Equity
ratio |
0.247 |
0.545 |
0.398 |
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 |
9266.674 |
12780.498 |
17244.899 |
|
|
|
37.919 |
34.931 |
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 |
9266.674 |
12780.498 |
17244.899 |
|
Profit/ (Loss) |
62.971 |
163.920 |
217.275 |
|
|
0.68
% |
1.28
% |
1.26
% |
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from directors |
198.261 |
173.948 |
|
Total |
198.261 |
173.948 |
Note: The Registered Office of the company has been shifted from “50/A, Baroda Street Iron and Steel Market, Mumbai – 400009, Maharashtra, India” to the present address w.e.f. 31.10.2009.
INDEX OF CAHREGS:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C62468574 |
10154522 |
Corporation Bank (Lead Bank) |
09/04/2009 |
10/08/2015 |
- |
3990000000.0 |
CORPORATE BANKING BRANCH, 104, BHARAT HOUSE, GROUND FLOOR, MUMBAI SAMACHAR MARG, FORT, MUMBAI-400023, MAHARASHTRA, INDIA |
|
2 |
G40913790 |
100032051 |
Standard Chartered Bank |
03/06/2016 |
- |
07/04/2017 |
78115940.0 |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI-400051, MAHARASHTRA, INDIA |
|
3 |
G33901737 |
10612290 |
UNION BANK OF INDIA |
30/12/2015 |
- |
11/01/2017 |
200000000.0 |
MUMBAI SAMACHAR MARG BRANCH, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI-400023, MAHARASHTRA, INDIA |
|
4 |
G33902370 |
10599347 |
UNION BANK OF INDIA |
16/10/2015 |
- |
11/01/2017 |
300000000.0 |
MUMBAI SAMACHAR MARG BRANCH, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI-400023, MAHARASHTRA, INDIA |
|
5 |
G33902065 |
10540023 |
UNION BANK OF INDIA |
26/12/2014 |
- |
11/01/2017 |
300000000.0 |
MUMBAI SAMACHAR MARG BRANCH, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI-400023, MAHARASHTRA, INDIA |
|
6 |
B38908828 |
10317774 |
Oriental Bank of Commerce |
07/10/2011 |
- |
24/04/2012 |
50000000.0 |
MUMBAI SAMACHAR MARG BRANCH, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI-400023, MAHARASHTRA, INDIA |
|
7 |
B38909032 |
10211837 |
ORIENTAL BANK OF COMMERCE LIMITED |
15/03/2010 |
- |
24/04/2012 |
50000000.0 |
OPERA HOUSE BRANCH, SHREEJI CHAMBERS, TATA ROAD NO. 2, OPERA HOUSE, MUMBAI-400004, MAHARASHTRA, INDIA |
|
8 |
B38379442 |
10320696 |
Canara Bank |
20/10/2011 |
- |
19/04/2012 |
300000000.0 |
FORT MARKET BRANCH, PADHYAN HOUSE, FORT MARKET, MUMBAI—400038, MAHARASHTRA, INDIA |
|
9 |
B39335344 |
10258734 |
INDIAN OVERSEAS BANK |
14/12/2010 |
- |
18/04/2012 |
300000000.0 |
FORT MARKET BRANCH, PADHYAN HOUSE, FORT MARKET, MUMBAI—400038, MAHARASHTRA, INDIA |
|
10 |
B38567822 |
10310859 |
CORPORATION BANK |
26/09/2011 |
- |
16/04/2012 |
280000000.0 |
FORT MARKET BRANCH, PADHYAN HOUSE, FORT MARKET, MUMBAI-400038, MAHARASHTRA, INDIA |
FIXED ASSETS
· Land
· Building
· Plant and machinery
· Vehicle
· Computer
· 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,
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 in million |
|
US Dollar |
1 |
INR 63.48 |
|
|
1 |
INR 86.41 |
|
Euro |
1 |
INR 76.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWE |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
MTN |
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.