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|
MIRA INFORM REPORT
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Report No. : |
484957 |
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Report Date : |
08.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SYSTEMS AND COMPONENTS INDIA PRIVATE LIMITED |
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Registered
Office : |
110, Gautam Udyog Bhavan, LBS Marg, Bhandup (West), Mumbai-400078,
Maharashtra |
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Tel. No.: |
91-22-25947557 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
31.10.1989 |
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Com. Reg. No.: |
11-054107 |
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Capital
Investment / Paid-up Capital : |
INR 15.000 Million |
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CIN No.: [Company Identification
No.] |
U74210MH1989PTC054107 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACS5706L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in business of Manufacturing, Designing, Installation of Industrial Air Conditioning and Refrigeration Systems. [Registered Activity] |
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No. of Employees
: |
Information declined by the Management |
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 : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1989 and it
is engaged in designing and installation of Industrial Air
Conditioning and Refrigeration Systems. Management has failed to filed its financials with Government
Registry. As per financials of 2016, the company has registered a growth of
7.14% in its revenue as compared to its previous year’s revenue and has
reported average profit margin of 1.71% under review. Rating takes into consideration the company’s established track record
of business operations marked by sound net worth base along with low solvency
indicators and decent liquidity position. Rating also taken into account the extensive experience of its
promoters and reputed clientele base. Further, the company has reported a good earnings per share of INR
39.76 against its face value of INR 10. However, rating strength is partially offset by its presence in highly
competitive industry and volatility in raw material prices and exchange rate
fluctuation risk. Payments are reported to be slow but 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating = BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
14.11.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A4 |
|
Rating Explanation |
Moderate degree of safety and very high
credit risk. |
|
Date |
14.11.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 08.01.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE (TEL NO.: 91-22-25947557)
LOCATIONS
|
Registered/ Head Office : |
110, Gautam Udyog Bhavan, LBS Marg, Bhandup (West), Mumbai-400078,
Maharashtra, India |
|
Tel. No.: |
91-22-25947557/ 7558 / 1855 |
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Fax No.: |
91-22-25947683 |
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E-Mail : |
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Website : |
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Branch Office : |
Located at: · Baroda · Delhi · Mumbai · Chennai · Hyderabad |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sundararajan Vankeepuram |
|
Designation : |
Managing Director |
|
Address : |
Flat No 602 / 603 Kukreja Complex G Wing L B S Marg,
Bhandup (West), Mumbai-400078, Maharashtra, India |
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Date of Birth/Age : |
01.07.1949 |
|
Date of Appointment : |
31.10.1989 |
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DIN No.: |
00780625 |
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|
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Name : |
Mrs. Lakshmi Sundararajan |
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Designation : |
Director |
|
Address : |
3/G/601, Kukreja Complex, Opposite Jain Mandir LBS Marg,
Bhandup West Mumbai 400078, Maharashtra, India |
|
Date of Birth/Age : |
04.11.1960 |
|
Date of Appointment : |
30.11.1994 |
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DIN No.: |
00792967 |
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|
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Name : |
Mr. Sanjay Gangadhar Deshpande |
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Designation : |
Director |
|
Address : |
G,501, Gulmohar, Kukreja Complex, Building No 3, LBS Marg,
Bhandup (West), Mumbai-400078, Maharashtra, India |
|
Date of Birth/Age : |
12.10.1952 |
|
Date of Appointment : |
27.03.1995 |
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DIN No.: |
00807458 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
V. Sundararajan |
136030 |
90.69 |
|
Lakshmi Sundararajan |
5970 |
3.98 |
|
Srinivas Rangachar |
8000 |
5.33 |
|
|
|
|
|
Total |
150000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in business of Manufacturing, Designing, Installation of Industrial Air Conditioning and Refrigeration Systems. [Registered Activity] |
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
R M Shah and Associates Chartered Accountants |
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Address : |
426/427, Bhaveshwar Arcade, L Marg, Sainath Nagar, Ghatkopar West,
Mumbai – 400086, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAJPS8407J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Company
: |
Victory Alloy Steel Private Limited U25200MH1971PTC015363 |
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
INR 100/- each |
INR 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
INR 100/- each |
INR 15.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET - STANDALONE
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
15.000 |
15.000 |
15.000 |
|
(b) Reserves &
Surplus |
78.617 |
74.816 |
75.377 |
|
(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) |
93.617 |
89.816 |
90.377 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
6.660 |
11.328 |
|
(b) Deferred tax
liabilities (Net) |
0.435 |
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) |
0.435 |
6.660 |
11.328 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
19.495 |
32.036 |
24.684 |
|
(b) Trade payables |
33.067 |
26.988 |
28.018 |
|
(c) Other current
liabilities |
18.321 |
12.613 |
35.251 |
|
(d) Short-term provisions |
1.595 |
1.263 |
4.037 |
|
Total Current Liabilities
(4) |
72.478 |
72.900 |
91.990 |
|
|
|
|
|
|
TOTAL |
166.530 |
169.376 |
193.695 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
72.682 |
70.575 |
72.130 |
|
(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 |
1.000 |
1.000 |
1.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.134 |
0.177 |
|
(d) Long-term Loan and Advances |
4.607 |
6.315 |
9.506 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
78.289 |
78.024 |
82.813 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
37.575 |
33.112 |
50.811 |
|
(c) Trade receivables |
33.828 |
33.536 |
39.378 |
|
(d) Cash and cash
equivalents |
16.241 |
24.417 |
19.154 |
|
(e) Short-term loans and
advances |
0.259 |
0.243 |
0.320 |
|
(f) Other current assets |
0.338 |
0.044 |
1.219 |
|
Total Current Assets |
88.241 |
91.352 |
110.882 |
|
|
|
|
|
|
TOTAL |
166.530 |
169.376 |
193.695 |
PROFIT
& LOSS ACCOUNT - STANDALONE
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
221.967 |
207.167 |
210.188 |
|
|
Other Income |
4.543 |
1.584 |
2.014 |
|
|
TOTAL |
226.510 |
208.751 |
212.202 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
164.130 |
130.91 |
161.66 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(6.113) |
19.222 |
(20.233) |
|
|
Employees benefits
expense |
39.225 |
31.449 |
33.591 |
|
|
Other expenses |
15.662 |
13.755 |
13.854 |
|
|
TOTAL |
212.904 |
195.336 |
188.872 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
13.606 |
13.415 |
23.330 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.956 |
3.584 |
4.282 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
11.650 |
9.831 |
19.048 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.687 |
7.414 |
7.445 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
5.963 |
2.417 |
11.603 |
|
|
|
|
|
|
|
Less |
TAX |
2.162 |
1.977 |
4.753 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
3.801 |
0.440 |
6.850 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
74.816 |
75.377 |
68.527 |
|
|
|
|
|
|
|
Add |
Adjustment towards useful
life of assets |
0.000 |
(1.001) |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
78.617 |
74.816 |
75.377 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1.678 |
2.593 |
24.866 |
|
|
TOTAL EARNINGS |
1.678 |
2.593 |
24.866 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
30.525 |
26.163 |
38.923 |
|
|
TOTAL IMPORTS |
30.525 |
26.163 |
38.923 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
39.76 |
16.11 |
77.35 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
18.731 |
(1.269) |
|
Net cash flow from operating activity |
NA |
16.797 |
(5.306) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
55.63 |
59.09 |
68.38 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.56 |
6.18 |
5.34 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
73.54 |
75.25 |
63.26 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.36 |
0.41 |
0.46 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.19 |
0.19 |
0.32 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.44 |
0.47 |
0.53 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.21 |
0.43 |
0.40 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.77 |
0.81 |
1.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.78 |
0.79 |
0.80 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6.96 |
3.74 |
5.45 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
((PAT / Sales) * 100) |
% |
1.71 |
0.21 |
3.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.28 |
0.26 |
3.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.06 |
0.49 |
7.58 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.22 |
1.25 |
1.21 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.70 |
0.80 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.56 |
0.53 |
0.47 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.30 |
2.58 |
2.40 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.22 |
1.25 |
1.21 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
15.000 |
15.000 |
15.000 |
|
Reserves & Surplus |
75.377 |
74.816 |
78.617 |
|
Net
worth |
90.377 |
89.816 |
93.617 |
|
|
|
|
|
|
Long Term borrowings |
11.328 |
6.660 |
0.000 |
|
Short Term borrowings |
24.684 |
32.036 |
19.495 |
|
Total
borrowings |
36.012 |
38.696 |
19.495 |
|
Debt/Equity
ratio |
0.398 |
0.431 |
0.208 |
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
|
210.188 |
207.167 |
221.967 |
|
|
|
(1.437) |
7.144 |
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
|
210.188 |
207.167 |
221.967 |
|
Profit |
6.850 |
0.440 |
3.801 |
|
|
3.26% |
0.21% |
1.71% |
|
SOURCES OF FUNDS |
|
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
15.000 |
15.000 |
|
(b) Capital
Reserve |
|
1.500 |
1.500 |
|
(c) Reserves & Surplus |
|
72.754 |
73.345 |
|
(d) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
89.254 |
89.845 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
6.660 |
11.328 |
|
(b) Deferred tax liabilities (Net) |
|
0.232 |
0.189 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
6.892 |
11.517 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
32.036 |
24.684 |
|
(b)
Trade payables |
|
27.111 |
28.141 |
|
(c)
Other current liabilities |
|
12.649 |
35.285 |
|
(d)
Short-term provisions |
|
1.263 |
4.037 |
|
Total
Current Liabilities (4) |
|
73.059 |
92.147 |
|
|
|
|
|
|
TOTAL |
|
169.205 |
193.509 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
70.575 |
72.131 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
6.315 |
9.506 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
76.890 |
81.637 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
33.112 |
50.811 |
|
(c)
Trade receivables |
|
33.536 |
39.905 |
|
(d)
Cash and cash equivalents |
|
25.367 |
19.611 |
|
(e)
Short-term loans and advances |
|
0.244 |
0.320 |
|
(f)
Other current assets |
|
0.056 |
1.225 |
|
Total
Current Assets |
|
92.315 |
111.872 |
|
|
|
|
|
|
TOTAL |
|
169.205 |
193.509 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
207.167 |
210.188 |
|
|
|
Other Income |
|
1.633 |
2.064 |
|
|
|
TOTAL |
|
208.800 |
212.252 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
130.910 |
161.660 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
19.222 |
-20.233 |
|
|
|
Employees benefits expense |
|
31.449 |
33.591 |
|
|
|
Other expenses |
|
13.829 |
13.893 |
|
|
|
TOTAL |
|
195.410 |
188.911 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
13.390 |
23.341 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
3.584 |
4.282 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) |
|
9.806 |
19.059 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
7.414 |
7.445 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX (E-F) |
|
2.392 |
11.614 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
1.981 |
5.019 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX (G-H) |
|
0.411 |
6.595 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss) Per Share (INR) |
|
15.95 |
77.43 |
|
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 |
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 |
No |
|
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF AFFAIRS THE
COMPANY
The Company's is engaged in business of manufacturing, designing, installation of Industrial Air conditioning and refrigeration systems. During the year the Company posted a net profit of INR 3.801 Million for the year ended 31st March, 2016 as compared to net profit of INR 0.440 Million ended 31st March, 2015. Total Income increased from INR 208.751 Million for the year ended March 31, 2015 INR 226.510 Million for the year ended March 31, 2016 The future of the Company is bright.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loan from Directors |
5.100 |
5.100 |
|
|
|
|
|
Total |
5.100 |
5.100 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G50513787 |
10096442 |
State Bank of India |
24/03/2008 |
25/07/2017 |
- |
162500000.0 |
Specialised S.I.B. Branch, Hotel Airways Bldg,Ground Floor, L.B.S. Marg, Ghatkopar (West),MumbaiMH400086IN |
|
2 |
A08220741 |
10110097 |
BAJAJ AUTO FINANCE LTD |
11/12/2006 |
- |
- |
257751.0 |
AKURDI PUNE-PUNEPUNEMH411035IN |
|
3 |
A13477286 |
10067197 |
STATE BANK OF INDIA |
16/09/2005 |
- |
- |
17000000.0 |
BHAICHAND TEXTILE MILLS COMPOUND, L. B. S. MARG,BHANDUP WESTMUMBAIMH400078IN |
|
4 |
Z00034037 |
80010264 |
STATE BANK OF INDIA |
16/09/2005 |
31/08/2006 |
- |
17000000.0 |
BHANDUP (WEST) BRAMCH, L. B. S. MARG,MUMBAIMH400078IN |
|
5 |
Y10327521 |
90224730 |
CENTRAL BANK OF INDIA |
09/05/1996 |
28/05/1997 |
- |
22700000.0 |
DOCUMENTATION CELLIST FLOOR M.G. ROAD;FORTMUMBAIMHIN |
|
6 |
Y10327518 |
90224727 |
CENTRAL BANK OF INDIA |
25/04/1996 |
- |
- |
5000000.0 |
DOCUMENTATION CELLIST FLOOR M.G. ROAD;FORTMUMBAIMHIN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Guarantees outstanding |
6.844 |
14.125 |
FIXED ASSETS
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
· Electrical Installation
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 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
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 |
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.