|
|
|
MIRA INFORM REPORT
|
Report No. : |
484500 |
|
Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
CHANDRA METALS LIMITED |
|
|
|
|
Formerly Known
As : |
CHANDRA METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1&2 Monereco Industrial Estate, Teliarganj, Allahabad-211004, Uttar Pradesh |
|
Mob. No.: |
91-7408413903 [Mr. Anilesh Gupta] |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
22.07.1993 |
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|
|
|
Com. Reg. No.: |
20-015570 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 60.013
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101UP1993PLC015570 |
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|
|
|
IEC No.: |
Not Divulged |
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|
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|
GST 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.] |
AAACC9069L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of Other Structural Metal Products. [Registered Activity] |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 1993 having
moderate track record. Management of the company has not filed its financial with the
government department for the year 2017. As per available financial of 2016, revenue of the company has
declined and reported heavy loss from its operational activities which has
resulted into deterioration in reserves level. Rating is also constrained on account of sharp decline in cash balance
and unfavorable gap between trade payables to its trade receivables. However, the rating weakness is partially offset by company’s long
standing track record of business operation. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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 09.01.2018.
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 DECLINED BY
|
Name : |
Mr. Anilesh Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-7408413903 |
|
Date : |
06.01.2018 |
LOCATIONS
|
Registered Office : |
1&2 Monereco Industrial Estate, Teliarganj, Allahabad-211004, Uttar Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-7408413903 [Mr. Anilesh Gupta] |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Ranjeet Gupta |
|||||||
|
Designation : |
Managing Director |
|||||||
|
Address : |
53, Tagore Town, Allahabad-211002, Uttar Pradesh, India |
|||||||
|
Date of Birth/Age : |
15.08.1948 |
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Qualification : |
Graduate |
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Date of Appointment : |
22.07.1993 |
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PAN No.: |
AAPPG7390C |
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DIN No.: |
00125826 |
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|
|
|
|||||||
|
Name : |
Mr. Anilesh Gupta |
|||||||
|
Designation : |
Director |
|||||||
|
Address : |
53, Tagore Town, Allahabad-211002, Uttar Pradesh, India |
|||||||
|
Date of Birth/Age : |
09.07.1961 |
|||||||
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Qualification : |
Graduate |
|||||||
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Date of Appointment : |
07.08.2006 |
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PAN No.: |
AAPPG7389F |
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DIN No.: |
00127601 |
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|
|||||||
|
Name : |
Mr. Jagdish Kumar Kesarwani |
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Designation : |
Director |
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|
Address : |
53, Tagore Town, Allahabad-211002, Uttar Pradesh, India |
|||||||
|
Date of Birth/Age : |
04.11.1946 |
|||||||
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Qualification : |
Graduate |
|||||||
|
Date of Appointment : |
17.08.2011 |
|||||||
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PAN No.: |
ABAPK4203E |
|||||||
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DIN No.: |
00141394 |
|||||||
|
||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
PROMOTERS |
|
|
|
J.K. Kesarwani |
|
329333 |
|
Ranjeet Gupta |
|
249000 |
|
Mukul Gupta |
|
174667 |
|
Madhu Kesarwani |
|
16667 |
|
Preeti Gupta |
|
64800 |
|
Anilesh Gupta |
|
154467 |
|
Nidhi Gupta |
|
2267 |
|
Ruchi Gupta |
|
8933 |
|
Ritika Kesarwani |
|
2267 |
|
Rahul Gupta |
|
48934 |
|
Aparna Gupta |
|
100000 |
|
OTHERS |
|
|
|
Datum Securities Limited, India |
|
666667 |
|
Sarda Confin Private Limited, India |
|
1093333 |
|
Hari Vyapar Private Limited, India |
|
1080000 |
|
Virtous Holdings Private Limited, India |
|
2000000 |
|
Rajesh Jaju |
|
10000 |
|
|
|
|
|
Total |
|
6001335 |
AS ON: 28.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
19.18 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
0.17 |
|
Public/Other than promoters - Body Corporate |
80.65 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Other Structural Metal Products. [Registered Activity] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
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Terms : |
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||||
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Selling : |
Not Divulged |
||||
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|
||||
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Allahabad Bank Hindi Sahitya Sammelan Branch,, 12, K.P. Kakkar Road,, Allahabad - 211003, Uttar Pradesh, India · State Bank of India Mnnit Branch, Teliarganj, Allahabad - 211004, Uttar Pradesh, India · State Bank of India Mlnre College Branch, Teliarganj, Allahabad - 211004, Uttar Pradesh, India · Allahabad Bank HSS Branch, 12, K.P. Kakkar Road,, Hindi Sahitya Sammelan Marg, Allahabad - 211003, Uttar Pradesh, India |
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Facilities : |
|
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|
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|
Auditors : |
|
|
Name : |
Ashok Usha Jain and Company Chartered Accountants |
|
Address : |
Janki Bhawan 171 Oldkatra, Allahabad-211002, Uttar Pradesh, India |
|
PAN No.: |
ACBPJ0720H |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Related Parties : |
· Chandra Electromag Private Limited, India [U51109UP1989PTC011296] · Moti Electrical Industries · Electrolite Enterprises · Anilesh Gupta and National Engineering Works |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6001335 |
Equity Shares |
INR 10/- each |
INR 60.013
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 |
60.013 |
60.013 |
60.013 |
|
(b) Reserves and Surplus |
65.115 |
202.060 |
201.057 |
|
(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) |
125.128 |
262.073 |
261.070 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
7.323 |
0.463 |
0.585 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.422 |
0.913 |
|
(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) |
7.323 |
0.885 |
1.498 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
362.305 |
350.833 |
377.459 |
|
(b) Trade
payables |
431.738 |
348.928 |
300.617 |
|
(c) Other
current liabilities |
24.815 |
33.686 |
43.668 |
|
(d) Short-term
provisions |
2.479 |
1.931 |
107.190 |
|
Total Current
Liabilities (4) |
821.337 |
735.378 |
828.934 |
|
|
|
|
|
|
TOTAL |
953.788 |
998.336 |
1091.502 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
28.576 |
34.251 |
41.030 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
0.000 |
|
(c) Deferred tax assets (net) |
0.001 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
7.100 |
7.100 |
7.100 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
35.677 |
41.351 |
48.130 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
159.666 |
203.496 |
226.625 |
|
(c) Trade
receivables |
197.904 |
477.865 |
493.534 |
|
(d) Cash and
bank balances |
5.412 |
38.688 |
7.096 |
|
(e)
Short-term loans and advances |
555.129 |
236.936 |
316.117 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
918.111 |
956.985 |
1043.372 |
|
|
|
|
|
|
TOTAL |
953.788 |
998.336 |
1091.502 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1057.552 |
1321.049 |
1496.052 |
|
|
Other Income |
15.946 |
14.527 |
8.825 |
|
|
TOTAL |
1073.498 |
1335.576 |
1504.877 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1020.561 |
1065.080 |
1358.094 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(19.323) |
26.556 |
(31.332) |
|
|
Employee benefit expense |
8.342 |
10.037 |
6.825 |
|
|
Other expenses |
80.750 |
99.158 |
78.995 |
|
|
TOTAL |
1090.330 |
1200.831 |
1412.582 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(16.832) |
134.745 |
92.295 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
114.869 |
125.482 |
126.191 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(131.701) |
9.263 |
(33.896) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.434 |
7.724 |
6.865 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(138.135) |
1.539 |
(40.761) |
|
|
|
|
|
|
|
Less |
TAX |
(1.190) |
0.535 |
(0.037) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(136.945) |
1.004 |
(40.724) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(22.82) |
0.17 |
(6.79) |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(51.616) |
60.311 |
(84.775) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(51.616) |
60.311 |
(84.775) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
68.30 |
132.03 |
120.41 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.34 |
2.76 |
3.03 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
154.41 |
119.58 |
80.79 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.11) |
0.66 |
0.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.59) |
3.93 |
2.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.87 |
0.74 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.95 |
1.34 |
1.45 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
6.56 |
2.81 |
3.18 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.23 |
0.13 |
0.16 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(0.15) |
1.07 |
0.73 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(12.95) |
0.08 |
(2.72) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(14.36) |
0.10 |
(3.73) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(109.44) |
0.38 |
(15.60) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.12 |
1.30 |
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.92 |
1.02 |
0.99 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.13 |
0.26 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.16 |
5.85 |
6.30 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.12 |
1.30 |
1.26 |
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 |
60.013 |
60.013 |
60.013 |
|
Reserves & Surplus |
201.057 |
202.060 |
65.115 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
261.070 |
262.073 |
125.128 |
|
|
|
|
|
|
Long-term borrowings |
0.585 |
0.463 |
7.323 |
|
Short term borrowings |
377.459 |
350.833 |
362.305 |
|
Total
borrowings |
378.044 |
351.296 |
369.628 |
|
Debt/Equity
ratio |
1.448 |
1.340 |
2.954 |
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 |
1496.052 |
1321.049 |
1057.552 |
|
|
|
(11.698) |
(19.946) |
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 |
1496.052 |
1321.049 |
1057.552 |
|
Profit/ (Loss) |
(40.724) |
1.004 |
(136.945) |
|
|
(2.72
%) |
0.08
% |
(12.95
%) |
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 |
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 |
No |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B87968673 |
10456089 |
ALLAHABAD BANK |
30/08/2013 |
- |
- |
650000.0 |
HSS BRANCH, 12, K.P. KAKKAR ROAD,HINDI SAHITYA SAMMELAN MARGALLAHABADUP211003IN |
|
2 |
A95608907 |
10242284 |
ALLAHABAD BANK |
14/09/2010 |
- |
- |
419000.0 |
12 K.P. Kakkar RoadAllahabadUP211003IN |
|
3 |
B08947756 |
10194053 |
ALLAHABAD BANK |
26/11/2009 |
16/03/2011 |
- |
900000000.0 |
HINDI SAHITYA SAMMELAN BRANCH,12, K.P. KAKKAR ROAD,ALLAHABADUP211003IN |
|
4 |
A76461110 |
90276680 |
STATE BANK OF INDIA |
15/03/1995 |
10/11/2008 |
11/01/2010 |
460000000.0 |
MNNIT BRANCH TELIARGANJAllahabadUP211004IN |
|
5 |
A76461011 |
90278805 |
STATE BANK OF INDIA |
15/03/1995 |
10/11/2008 |
11/01/2010 |
158800000.0 |
MNNIT BranchTeliarganjAllahabadUP211004IN |
|
6 |
A76460294 |
90275495 |
STATE BANK OF INDIA |
04/12/2001 |
13/08/2003 |
11/01/2010 |
60000000.0 |
MNR ENGG. COLLEGE BRANCHALLAHABADUPIN |
|
7 |
A76460609 |
90279997 |
STATE BANK OF INDIA |
04/12/2001 |
13/08/2003 |
11/01/2010 |
60000000.0 |
COLLEGE BRANCHALLAHABADUPIN |
|
8 |
A72269277 |
90277594 |
18/11/2003 |
- |
03/11/2009 |
1214936.0 |
14/88CIVIL LINESKANPURDLIN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Term loans from others |
7.000 |
0.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Term loans from others |
12.047 |
7.000 |
|
|
|
|
|
Total |
19.047 |
7.000 |
BUSINESS REVIEW/STATE OF THE COMPANY’S
AFFAIRS
During the year, the Company has not changed its nature of business. Also, the Company has not ceased to carry any continued business and not commenced any new business.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Claims against
company not acknowledged as debt |
|
|
|
Guarantees |
267.006 |
300.054 |
|
Other money for which company is contingently liable |
332.201 |
353.667 |
|
|
|
|
|
Total |
599.207 |
653.721 |
FIXED ASSETS:
Tangible Assets
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Computer Equipments
·
Motor Vehicles
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 63.35 |
|
UK Pound |
1 |
INR 85.89 |
|
Euro |
1 |
INR 76.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
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.