|
|
|
MIRA INFORM REPORT
|
Report No. : |
484573 |
|
Report Date : |
05.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ANAND CARBO PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
11, Clive Row, Ground Floor,
Kolkata – 700001, West Bengal |
|
Tel. No.: |
91-33-22422650 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
14.07.1999 |
|
|
|
|
Com. Reg. No.: |
21-089844 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 19.959 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104WB1999PTC089844 |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm
does not have export and import) |
|
|
|
|
GSTIN/UIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCA7304F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in trading of coal and providing services in relation to procurement, handling and delivery of coal from different collieries to the end users. [Registered Activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
62 (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+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1999. However, post incorporation
the company remained dormant for about seven years. In 2007, the company
started its operational activity. It is a trader and importer of coal, lime
stone etc. For the financial year 2017, the company has achieved revenue growth
of 24.15% as compared to the previous year along with an average profit
margin of 1.36%. The sound financial risk profile of the company is marked by adequate
net worth base along with comfortable debt balance sheet profile and
favorable gap between its payables and receivables. Rating takes into consideration the long business experience of the
promoters in coal trading, diversified customer base with established
relationship and satisfactory capital structure. The rating gets constrained by small scale of operation, low profitability
margin due to trading nature of business, profitability susceptibility to
volatility in prices of traded goods, risk of non-availability of coal and
working capital-intensive nature of operation of the company. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
13.01.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
13.01.2017 |
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 05.01.2018
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. Sandeep Chhajer |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-9007501362 |
LOCATIONS
|
Registered Office : |
11, Clive Row, Ground
Floor, Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-22422650 |
|
Mobile No.: |
91-9903865397 [Mr. Karan Kumar] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
11, Clive Row, 3rd Floor, Suit No. 2B, Kolkata –
700001, West Bengal, India |
|
Tel. No.: |
91-33-22422650 |
|
Mobile No.: |
91-9007501362 [Mr. Sandeep] |
|
Fax No.: |
91-33-22423106 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
400 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Depo Address : |
Located At: ·
Jharkhand ·
Andhra Pradesh ·
Madhya Pradesh ·
Chhattisgarh |
|
Location : |
Rented |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Hanuman Mal Bhutoria |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
11, Clive Row, Ground Floor, Kolkata - 700001, West
Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1963 |
||||||||||||||||||||||||||||||||||||||||
|
Experience : |
25 Years |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.07.1999 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADEPB5534F |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00860664 |
||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Karan Kumar Bhutoria |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
4, Pretoria Street, Flat – 3D,
Kolkata – 700071, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.11.1987 |
||||||||||||||||||||||||||||||||||||||||
|
Experience : |
8 Years |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2013 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
06566924 |
||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mangi Lal Bhutoria |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
11, Clive Row, Ground Floor, Kolkata - 700001, West
Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.11.1967 |
||||||||||||||||||||||||||||||||||||||||
|
Experience : |
25 Years |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.07.1999 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No. : |
ADEPB5533C |
||||||||||||||||||||||||||||||||||||||||
|
DIN No. : |
00860725 |
||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Chhajer |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Hanuman Mal Bhutoria |
|
66278 |
|
Mangi Lal Bhutoria |
|
342476 |
|
Nihal Chand Bhutoria And
Others |
|
10000 |
|
Mangi Lal Bhutoria Huf |
|
91478 |
|
Wise Housing Development
LLP |
|
245000 |
|
Dynamic Devcon LLP |
|
152500 |
|
N C B Como Trade Private
Limited |
|
204000 |
|
Karan Kumar Bhutoria |
|
17633 |
|
Innocent Traders Limited |
|
85367 |
|
Exmark Distributors
Private Limited |
|
37500 |
|
Gaurav Bhutoria |
|
16862 |
|
Shruti Bhutoria |
|
8920 |
|
Kavita Bhutoria |
|
11975 |
|
Pushpa Bhutoria |
|
7578 |
|
Hanuman Mal Bhutoria HUF |
|
7578 |
|
SNCL Builders Limited |
|
361500 |
|
Curlew Highrise Limited |
|
329300 |
|
Total |
|
1995945 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
29.10 |
|
Promoters [Bodies
corporate] |
70.90 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in trading of coal and providing services in relation to procurement, handling and delivery of coal from different collieries to the end users. [Registered Activity and also confirmed by management] |
||||||
|
|
|
||||||
|
Products / Services
: |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Available |
||||||
|
|
|
||||||
|
Imports : |
Not Available |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
L/C and Credit (30 / 60 Days) |
||||||
|
|
|
||||||
|
Purchasing : |
L/C and Credit (30 / 60 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
·
Aamir Associates ·
Godavari Commodities Limited, Kolkata, West
Bengal, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
End Users
·
Visa Steel Limited ·
Lafarge India Limited |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
62 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Virendra Surana and Company Chartered Accountants |
|
Address : |
Swaika Centre, 4A Pollock Street, 3rd Floor, Kolkata – 700001, West Bengal, India |
|
PAN No.: |
AADFV9723A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises in which Key Management
Personnel have significant Influence : |
·
Innocent Traders Limited ·
Dream Barter Private Limited, India ·
NCB Commotrade Private Limited, India |
CAPITAL STRUCTURE
AS ON 30.09.2017
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 |
|
|
|
|
|
|
1995945 |
Equity Shares |
INR 10/- each |
INR 19.959 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 |
19.959 |
18.503 |
16.420 |
|
(b) Reserves & Surplus |
407.586 |
331.353 |
266.976 |
|
(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) |
427.545 |
349.856 |
283.396 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
44.647 |
39.464 |
0.191 |
|
(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) |
44.647 |
39.464 |
0.191 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
46.927 |
35.759 |
68.680 |
|
(b) Trade
payables |
587.279 |
576.414 |
209.451 |
|
(c) Other
current liabilities |
67.018 |
48.572 |
16.791 |
|
(d) Short-term
provisions |
79.250 |
53.440 |
37.732 |
|
Total Current
Liabilities (4) |
780.474 |
714.185 |
332.654 |
|
|
|
|
|
|
TOTAL |
1252.666 |
1103.505 |
616.241 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
10.205 |
6.621 |
3.650 |
|
(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 |
0.000 |
0.000 |
0.076 |
|
(c) Deferred tax assets (net) |
0.553 |
0.569 |
0.225 |
|
(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 |
10.758 |
7.190 |
3.951 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
115.263 |
232.194 |
211.052 |
|
(c) Trade
receivables |
695.642 |
707.597 |
286.347 |
|
(d) Cash
and cash equivalents |
14.070 |
20.743 |
18.060 |
|
(e)
Short-term loans and advances |
416.933 |
135.781 |
96.831 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1241.908 |
1096.315 |
612.290 |
|
|
|
|
|
|
TOTAL |
1252.666 |
1103.505 |
616.241 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3804.759 |
3064.505 |
1832.859 |
|
|
Other Income |
0.957 |
0.663 |
0.649 |
|
|
TOTAL |
3805.716 |
3065.168 |
1833.508 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
2569.583 |
2461.797 |
1670.933 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
116.931 |
(21.142) |
(138.920) |
|
|
Employee benefit expense |
23.091 |
19.118 |
7.891 |
|
|
Other expenses |
1013.718 |
547.574 |
249.252 |
|
|
TOTAL |
3723.323 |
3007.347 |
1789.156 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
82.393 |
57.821 |
44.352 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.177 |
9.381 |
8.577 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
79.216 |
48.440 |
35.775 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1.625 |
1.617 |
1.546 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
77.591 |
46.823 |
34.229 |
|
|
|
|
|
|
|
Less |
TAX |
25.827 |
15.363 |
11.306 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
51.764 |
31.460 |
22.923 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
0.000 |
74.781 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
74.781 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
78.915 |
60.555 |
0.000 |
|
|
TOTAL IMPORTS |
78.915 |
60.555 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
27.74 |
19.02 |
14.16 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.511 |
0.511 |
0.572 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(11.922) |
(5.912) |
29.810 |
|
Net cash flows from (used in) operating activities |
(44.256) |
(34.598) |
12.981 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
66.73 |
84.28 |
57.02 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.47 |
4.33 |
6.40 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
83.42 |
85.46 |
45.75 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.71 |
0.25 |
0.21 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
8.07 |
8.73 |
12.15 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.68 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.22 |
0.22 |
0.25 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.83 |
2.04 |
1.17 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.02 |
0.02 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
25.93 |
6.16 |
5.17 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
1.36 |
1.03 |
1.25 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.13 |
2.85 |
3.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.11 |
8.99 |
8.09 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.59 |
1.54 |
1.84 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.44 |
1.21 |
1.21 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.34 |
0.32 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.61 |
4.09 |
4.23 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.59 |
1.54 |
1.84 |
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 |
16.420 |
18.503 |
19.959 |
|
Reserves & Surplus |
266.976 |
331.353 |
407.586 |
|
Net
worth |
283.396 |
349.856 |
427.545 |
|
|
|
|
|
|
Long-term borrowings |
0.191 |
39.464 |
44.647 |
|
Short term borrowings |
68.680 |
35.759 |
46.927 |
|
Current maturities of
long-term debts |
0.572 |
0.511 |
0.511 |
|
Total
borrowings |
69.443 |
75.734 |
92.085 |
|
Debt/Equity
ratio |
0.245 |
0.216 |
0.215 |
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 |
1832.859 |
3064.505 |
3804.759 |
|
|
|
67.198 |
24.156 |
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 |
1832.859 |
3064.505 |
3804.759 |
|
Profit/ (Loss) |
22.923 |
31.460 |
51.764 |
|
|
1.25
% |
1.03
% |
1.36
% |
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 |
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 |
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 |
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 |
CORPORATE INFORMATION
The company is a private limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. It is a closely held company and its shares are not listed in any stock exchanges. The company is engaged in trading of coal and providing services in relation to procurement, handling and delivery of coal from different collieries to the end users.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
41.712 |
38.321 |
|
|
|
|
|
Total |
41.712 |
38.321 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G50651140 |
100116270 |
STATE BANK OF INDIA |
24/07/2017 |
- |
- |
360000000.0 |
COMMERCIAL BRANCH, JEEVANDEEP1, MIDDLETON STREET, JEEVANDEEP BUILDING, 2ND FLOOR KOLKATA WB700071IN |
|
2 |
C54118435 |
10073727 |
STATE BANK OF INDIA |
21/09/2007 |
19/05/2015 |
- |
218000000.0 |
COMMERCIAL BRANCH, JEEVANDEEP1, MIDDLETON STREET, JEEVANDEEP BUILDING, 2ND FLOOR KOLKATA WB700071IN |
|
3 |
C54117619 |
10073726 |
STATE BANK OF INDIA |
21/09/2007 |
19/05/2015 |
- |
218000000.0 |
COMMERCIAL BRANCH, JEEVANDEEP1, MIDDLETON STREET, JEEVANDEEP BUILDING, 2ND FLOOR KOLKATA WB700071IN |
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 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
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.