|
|
|
MIRA INFORM REPORT
|
Report No. : |
485697 |
|
Report Date : |
11.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
DEEJAY SYSTEM CONSULTANTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Regus Elegance, 2F Elegance, Jasola District Centre, Mathura Road,
Delhi-110025 |
|
Tel. No.: |
91-124-4873111 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
06.04.1998 |
|
|
|
|
Com. Reg. No.: |
55-093185 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 12.757 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL1998PTC093185 |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm does
not have export and import) |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD4434G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of
telecom goods also providing power automation and telecommunication services.
[Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
106 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1998 having satisfactory track
record. Management has not filed its financials for the year 2017 with
Registrar of Companies. As per available financials of 2016, the company has achieved fair
growth in its revenue as compared to its previous year but has reported thin
profit margin during the year. Rating takes into consideration, the satisfactory financial risk
profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track
record of its business operation backed by its well experienced management
team. However, theses rating gets partially offset by project execution risk
including installation of power projects and ability to complete the project
within timeline and cost. 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.
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 11.01.2018.
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 (GENERAL DETAILS)
|
Name : |
Mr. Parsum Kumar Roy |
|
Designation : |
Sales Manager |
|
Contact No.: |
91-124-4873111 |
LOCATIONS
|
Registered Office : |
Regus Elegance, 2F Elegance, Jasola District Centre, Mathura Road,
Delhi-110025, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9831595092 (Mr. Parsum Kumar
Roy) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Suite No. 215, Tower-A, Spazedge, Sector-47, Gurugram-Sohna Road, Gurugram-122002, Haryana, India |
|
Tel. No.: |
91-124-4873111 |
|
Fax No.: |
91-124-4873110 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Dilip Kumar Chowdhury |
|
Designation : |
Managing Director |
|
Address : |
E-864, 2nd Floor, Chittaranjan Park, New Delhi-110019, India |
|
Date of Birth/Age : |
01.01.1947 |
|
Date of Appointment : |
20.04.1998 |
|
DIN No.: |
00488419 |
|
|
|
|
Name : |
Mrs. Juthika Chowdhury |
|
Designation : |
Director |
|
Address : |
E-864, 2nd Floor, Chittaranjan Park, New Delhi-110019, India |
|
Date of Birth/Age : |
25.06.1952 |
|
Date of Appointment : |
06.04.1998 |
|
DIN No.: |
00488532 |
|
|
|
|
Name : |
Mr. Anupam Chowdhury |
|
Designation : |
Director |
|
Address : |
E-864, 2nd Floor, Chittaranjan Park, New Delhi-110019, India |
|
Date of Birth/Age : |
09.04.1977 |
|
Date of Appointment : |
06.04.1998 |
|
DIN No.: |
00494848 |
KEY EXECUTIVES
|
Name : |
Mr. Parsum Kumar Roy |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2016
|
Names of Shareholders |
|
No. of Shares |
|
Dilip Kumar Chowdhury |
|
644000 |
|
Juthika Chowdhury |
|
264000 |
|
Anupam Chowdhury |
|
644000 |
|
Chemtrols Holdings Private Limited, India |
|
331700 |
AS ON 30.09.2016
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
74.00 |
|
Public/Other than promoters - Bodies corporate |
26.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of
telecom goods also providing power automation and telecommunication services.
[Registered activity and also confirmed by management] |
||||||
|
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|
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|
Products / Services
: |
|
||||||
|
|
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||||||
|
Brand Names : |
Not Available |
||||||
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|
||||||
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Agencies Held : |
Not Available |
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||||||
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Exports : |
Not Available |
||||||
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|
|
||||||
|
Imports : |
Not Available |
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|
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||||||
|
Terms : |
|
||||||
|
Selling : |
Advance Payment, Cheque and Bank Transfer |
||||||
|
|
|
||||||
|
Purchasing : |
Advance Payment, Cheque and Bank Transfer |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||
|
Customers : |
End Users and OEM’s
|
||||||||||||||||||||||
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|
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|
No. of Employees : |
106 (Approximately) |
||||||||||||||||||||||
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||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Gupta Rustagi and Aggarwal Chartered Accountants |
|
Address : |
17 and 21, 3rd Floor, Y-9/1, Ashoka Complex, Loha Mandi,
Nariana, New Delhi-110028, India |
|
Tel. No.: |
91-11-45140453 |
|
Mobile No.: |
91-9810258571 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No.: |
AAHFG6555H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates Company: |
Chemtrols Holdings Private Limited, India |
|
|
|
|
Related to associate Company : |
Chemtrols Industries Limited |
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1275700 |
Equity Shares |
INR 10/- each |
INR 12.757 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
12.757 |
12.757 |
12.757 |
|
(b) Reserves &
Surplus |
22.768 |
22.653 |
22.075 |
|
(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
|
35.525 |
35.410 |
34.832 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.320 |
5.082 |
|
(b) Deferred tax
liabilities (Net) |
0.801 |
1.092 |
1.522 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.887 |
0.887 |
0.887 |
|
Total Non-current
Liabilities |
1.688 |
2.299 |
7.491 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.755 |
6.327 |
5.232 |
|
(b) Trade payables |
1.795 |
1.491 |
9.421 |
|
(c) Other current
liabilities |
16.018 |
17.390 |
3.095 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
|
23.568 |
25.208 |
17.748 |
|
|
|
|
|
|
TOTAL |
60.781 |
62.917 |
60.071 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6.262 |
7.892 |
10.044 |
|
(ii) Intangible Assets |
0.020 |
0.037 |
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 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.321 |
0.287 |
0.353 |
|
Total Non-Current Assets |
6.603 |
8.216 |
10.397 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.558 |
0.000 |
|
(c) Trade receivables |
44.220 |
46.666 |
34.565 |
|
(d) Cash and cash
equivalents |
7.936 |
2.853 |
9.029 |
|
(e) Short-term loans and
advances |
2.022 |
4.624 |
6.080 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
54.178 |
54.701 |
49.674 |
|
|
|
|
|
|
TOTAL |
60.781 |
62.917 |
60.071 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
51.223 |
47.366 |
75.218 |
|
|
Other Income |
1.303 |
0.985 |
0.850 |
|
|
TOTAL |
52.526 |
48.351 |
76.068 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.700 |
0.618 |
3.235 |
|
|
Purchases of
Stock-in-Trade |
20.046 |
7.836 |
24.124 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.558 |
(0.558) |
1.078 |
|
|
Employees benefits
expense |
19.639 |
21.252 |
21.291 |
|
|
Other expenses |
9.912 |
15.281 |
21.457 |
|
|
TOTAL |
50.855 |
44.429 |
71.185 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1.671 |
3.922 |
4.883 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.377 |
0.639 |
1.044 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1.294 |
3.283 |
3.839 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1.128 |
2.234 |
1.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.166 |
1.049 |
2.539 |
|
|
|
|
|
|
|
Less |
TAX |
0.052 |
0.274 |
0.474 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.114 |
0.775 |
2.065 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
17.889 |
17.311 |
15.246 |
|
|
|
|
|
|
|
Add |
Depreciation adjusted
during the year as per schedule-II, Co. Act, 2013 |
0.000 |
(0.197) |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
18.003 |
17.889 |
17.311 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
0.09 |
0.61 |
1.62 |
|
|
Diluted |
0.61 |
0.61 |
1.62 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.320 |
0.392 |
0.355 |
|
Cash generated from operations |
5.116 |
(2.540) |
7.982 |
|
Net cash flow from (used in) operations |
4.740 |
(3.244) |
7.442 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
315.10 |
359.61 |
167.73 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
1.16 |
1.02 |
2.18 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
31.58 |
64.37 |
125.69 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
7.03 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.27 |
0.49 |
0.49 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.39 |
0.41 |
0.39 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.17 |
0.20 |
0.31 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.66 |
0.71 |
0.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.18 |
0.22 |
0.29 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.43 |
6.14 |
4.68 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
0.22 |
1.64 |
2.75 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.19 |
1.23 |
3.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.32 |
2.19 |
5.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.30 |
2.17 |
2.80 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.30 |
2.15 |
2.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.58 |
0.56 |
0.58 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.48 |
0.55 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.30 |
2.17 |
2.80 |
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 |
12.757 |
12.757 |
12.757 |
|
Reserves & Surplus |
22.075 |
22.653 |
22.768 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
34.832 |
35.410 |
35.525 |
|
|
|
|
|
|
long-term borrowings |
5.082 |
0.320 |
0.000 |
|
Short term borrowings |
5.232 |
6.327 |
5.755 |
|
Current Maturities of
Long term debt |
0.355 |
0.392 |
0.320 |
|
Total borrowings |
10.669 |
7.039 |
6.075 |
|
Debt/Equity ratio |
0.306 |
0.199 |
0.171 |
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 |
75.218 |
47.366 |
51.223 |
|
|
|
(37.028) |
8.143 |
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 |
75.218 |
47.366 |
51.223 |
|
Profit |
2.065 |
0.775 |
0.114 |
|
|
2.75% |
1.64% |
0.22% |
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BRIEF DESCRIPTION OF THE
COMPANY'S STATE OF COMPANY'S AFFAIRS DURING THE YEAR
They have completed 18 fulfilling years since their inception, thanks to the support. Over the years, they have through the contributions of each member – pas t and present, they have built a company worthy of pride. Yes, there have been occasions or years when they have not done well and also years they have done beyond expectations. But through these circumstances they have all built a company that has developed as teadfast and perseverant character in turmoil and a level -headed smart character during highs. This is in effect the character of Deejay. Their efforts are to efficiently and effectively realize this character and encourage it.
Now coming to the company’s performance in last year, it is seen that they have had an average year. However, bright new prospects in the coming year have raised their hopes. Through the last year, they have worked through multiple difficult Automation projects in both North East and Eastern regions. This is largest volume of Automation Projects, they have handled at a time and by far have been able to successfully execute them. As you know that in all such projects they are subcontractors. However, they have created their own identity in front of customers and no longer are feedbacks of their performance a subset of their main contractor’s performance. In fact, in West Bengal, customer has specifically commended Deejay, despite Chemtrols being the main contractor.
The coming year they hope to close all the running projects in automation and continue their efforts in maintenance of the same systems.
Over the last year, they have also been able to successfully maintain systems in NER EMS System and NER ULDC.
Further, they have successfully completed a T&D project for NEEPCO in Monarchak, Tripura, last year. This current T&D team has consecutively implemented with success total 4 projects in the last 3 years. Thus, adding to their credentials in an area where they ventured recently. In the coming year, they hope to be part of many of the upcoming DONER and World Bank T&D projects in NER.
They have successfully implemented Telecom projects for TRN Energy and Jindal Power Ltd, this year. The coming year, when they look at the upcoming projects, they have most new projects in telecom. In fact close to 5-6 projects have already been awarded to them. Many others are in the pipeline. Many of these projects will have maintenance requirements in future. For telecom the coming year seems very bright.
Last few years Automation has been in demand. Earlier for few years Core Infrastructure (T&D) works in Substations and Lines were in demand. The coming year they will have very good prospects in Telecommunications. Till date every year at least one of these areas has provided them enough opportunities to continue with building this company. Over the years based on market conditions, they have been able to focus on one of these three areas more than the others.
However, market conditions never dictate who they are. They are in the business of providing operational and augmentation services to Power Utilities. They do this by focusing on Utility’s Automation, Communication and Core Infrastructure requirements. Their philosophy since inception has been to develop di verse, efficient and effective service model. Hoping to continue on this philosophy, I wish the very best for all of you again.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
Short-term
borrowings |
|
|
|
From directors interest free Adv (related party) |
4.158 |
4.730 |
|
From Chemtrols Holdings Private Limited (related party) (Comprised of interest due ONLY net of TDS, if any) |
1.597 |
1.597 |
|
Total |
5.755 |
6.327 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G42258699 |
100093316 |
Andhra Bank |
14/07/2016 |
- |
- |
37000000.0 |
Rose Wood City Branch, Sector 49-50, Gurugram-122001, Haryana, India |
|
2 |
G10604288 |
10231867 |
HDFC BANK LIMITED |
15/06/2010 |
07/08/2013 |
04/08/2016 |
31000000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
3 |
B15720741 |
80044218 |
Indian Overseas Bank |
26/05/2004 |
11/04/2008 |
29/06/2011 |
6000000.0 |
14-15, Farm Bhawan, Nehru Place, New Delhi-110019, India |
|
4 |
B15720915 |
90039023 |
Indian Overseas Bank |
26/05/2004 |
11/04/2008 |
29/06/2011 |
3000000.0 |
14-15, Farm Bhawan, Nehru Place, New Delhi-110019, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Bank guarantees |
7.084 |
10.119 |
|
L/C |
0.000 |
0.754 |
FIXED ASSETS:
Tangible Asset:
- Air
conditioner
- Machinery
- Furniture and
Fixture
- Car
- Computer
- Office
- Tools
- Mobile hand
set
- Inverter
Intangible Asset:
· Software
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 63.83 |
|
|
1 |
INR 86.28 |
|
Euro |
1 |
INR 76.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
BHG |
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.