|
|
|
MIRA INFORM REPORT
|
Report No. : |
485372 |
|
Report Date : |
11.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
PREMIER ALLOYS AND CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F-19/B, I D A, Jeedimetla, Secunderabad – 500055, Telangana |
|
Tel. No.: |
91-40-23095128 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
15.06.1988 |
|
|
|
|
Com. Reg. No.: |
36- 008762 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 19.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109TG1988PTC008762 |
|
|
|
|
IEC No.: |
0988001934 |
|
|
|
|
GSTIN/UIN: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP2285J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers
of Ferro
Molybdenum, Ferro Vanadium. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 740000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Premier Alloys And Chemicals Private Limited was incorporated in the year 1988. It is a manufacturers
of ferro
molybdenum, ferro vanadium. For the financial year 2017, the company has achieved 36.41% growth in
its revenue as compared to previous year revenue and has maintained average
profit margin of 2.98%. The sound financial profile of the company is marked by adequate
networth base along with negligible debt level. The rating financial into consideration the subject’s long track record
of business operation along with extensive experience of its promoters. Business is active. 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 |
ICRA |
|
Rating |
Fund based : BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
21.09.2017 |
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 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.
LOCATIONS
|
Registered Office/ Factory : |
F-19/B, I D A, Jeedimetla, Secunderabad – 500055, Telangana, India |
|
Tel. No.: |
91-40-23095128 |
|
Fax No.: |
91-40-23097123 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
320, Bhanu Enclave, Sanjeev Reddy Nagar,
Hyderabad – 500038, Telangana, India |
|
Tel No.: |
91-40-23810326 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mrs. Gauri Shankar Marda |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
1-89/3/18, Phase - II, Kavuri Hills, Near Madhapur, Hyderabad - 500033, Telangana, India |
||||||||||||||||||||
|
Date of Birth/Age : |
01.02.1953 |
||||||||||||||||||||
|
|
ACQPM1199L |
||||||||||||||||||||
|
Date of Appointment : |
15.06.1988 |
||||||||||||||||||||
|
DIN No.: |
00254841 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Ravi Shankar Marda |
||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||
|
Address : |
10, Rukmini Devi Colony, Part - II, West Marredpally, Near AOC Centre, Secunderabad - 500026, Telangana, India |
||||||||||||||||||||
|
Date of Birth/Age : |
17.10.1954 |
||||||||||||||||||||
|
PAN No : |
ABIPM9005E |
||||||||||||||||||||
|
Date of Appointment : |
01.05.2002 |
||||||||||||||||||||
|
DIN No.: |
00254543 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Shashi Kala Marda |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
1705, Musket Circle, Upper Holland Pa - 19053, United States of America |
||||||||||||||||||||
|
Date of Birth/Age : |
20.09.1952 |
||||||||||||||||||||
|
Date of Appointment : |
03.06.2005 |
||||||||||||||||||||
|
DIN No.: |
00610379 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mrs. Shweta Marda |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
210 Daulton Court, Langhorne, Pennsylvania - 19047, United States of America |
||||||||||||||||||||
|
Date of Birth/Age : |
09.09.1980 |
||||||||||||||||||||
|
Date of Appointment : |
29.09.2014 |
||||||||||||||||||||
|
DIN No.: |
06804560 |
||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ravi Shankar Marda |
|
Designation : |
Company Secretary |
|
Address : |
No. 10, Rukhmini Devi Colony, Part - II, AOC Centre, West Maredpally, Secunderabad - 500026, Telangana, India |
|
Date of Appointment : |
01.05.2002 |
|
PAN No.: |
ABIPM9005E |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Gauri Shankar Marda |
|
43940 |
|
Kusum Marda |
|
4030 |
|
Premlata Marda |
|
12990 |
|
Shashikala Marda |
|
59280 |
|
Prerna Marda |
|
2600 |
|
Anup Marda |
|
42900 |
|
Ravi Shankar Marda |
|
10206 |
|
Sharada Devi Marda |
|
10 |
|
Rajeshwari Marda |
|
19044 |
|
Total |
|
195000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 21.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers
of Ferro
Molybdenum, Ferro Vanadium. [Registered Activity] |
||||||
|
|
|
||||||
|
Products / Services
: |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
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|
|
|
||||||
|
Agencies Held : |
Not Available |
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|
|
|
||||||
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Exports : |
Not Available |
||||||
|
|
|
||||||
|
Imports : |
Not Available |
||||||
|
|
|
||||||
|
Terms : |
Not Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
P D RAO and Company Chartered Accountants |
|
Address : |
No 10-3-337/9 (305/2RT), Street No. 3, Vijayanagar Colony, Hyderabad – 500057, Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACUPP7476M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
195000 |
Equity Shares |
INR 100/- each |
INR 19.500 Million |
|
|
|
|
|
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
195000 |
Equity Shares |
INR 100/- each |
INR 19.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
19.500 |
19.500 |
19.500 |
|
(b) Reserves and Surplus |
240.165 |
198.149 |
194.437 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
259.665 |
217.649 |
213.937 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.705 |
1.553 |
1.409 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.730 |
|
(c) Other long-term
liabilities |
1.897 |
1.949 |
1.846 |
|
(d) long-term provisions |
0.036 |
0.036 |
0.036 |
|
Total Non-current
Liabilities (3) |
3.638 |
3.538 |
4.021 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
78.701 |
25.941 |
145.635 |
|
(b) Trade
payables |
1.002 |
0.013 |
0.091 |
|
(c) Other
current liabilities |
13.611 |
8.160 |
12.169 |
|
(d) Short-term
provisions |
7.102 |
2.718 |
2.680 |
|
Total Current
Liabilities (4) |
100.416 |
36.832 |
160.575 |
|
|
|
|
|
|
TOTAL |
363.719 |
258.019 |
378.533 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
15.439 |
17.971 |
20.670 |
|
(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 |
0.308 |
0.307 |
0.307 |
|
(c) Deferred tax assets (net) |
2.010 |
2.149 |
0.000 |
|
(d)
Long-term loans and advances |
5.256 |
4.715 |
8.353 |
|
(e) Other Non-current
assets |
0.000 |
0.466 |
0.380 |
|
Total Non-Current
Assets |
23.013 |
25.608 |
29.710 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
143.748 |
94.181 |
107.362 |
|
(c) Trade receivables |
162.859 |
123.419 |
220.287 |
|
(d) Cash and
bank balances |
0.333 |
1.606 |
5.354 |
|
(e)
Short-term loans and advances |
33.766 |
13.205 |
15.820 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
340.706 |
232.411 |
348.823 |
|
|
|
|
|
|
TOTAL |
363.719 |
258.019 |
378.533 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1409.012 |
1032.939 |
1725.108 |
|
|
Other Income |
4.143 |
1.690 |
1.903 |
|
|
TOTAL |
1413.155 |
1034.629 |
1727.011 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1182.837 |
926.036 |
1513.673 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
12.571 |
(24.094) |
8.721 |
|
|
Employee benefit expense |
58.066 |
44.889 |
50.930 |
|
|
Other expenses |
82.727 |
72.860 |
82.023 |
|
|
Exceptional items before tax |
0.190 |
0.150 |
(0.041) |
|
|
TOTAL |
1336.391 |
1019.841 |
1655.306 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
76.764 |
14.788 |
71.705 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.324 |
6.870 |
17.234 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
68.440 |
7.918 |
54.471 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.968 |
4.936 |
6.873 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
64.472 |
2.982 |
47.598 |
|
|
|
|
|
|
|
Less |
TAX |
22.456 |
(0.729) |
15.042 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
42.016 |
3.711 |
32.556 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
140.176 |
136.465 |
154.536 |
|
|
|
|
|
|
|
|
Transitional provision for
depreciation |
0.000 |
0.000 |
0.217 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Dividend |
0.000 |
0.000 |
39.000 |
|
|
Dividend Distribution Tax |
0.000 |
0.000 |
6.628 |
|
|
General Reserve |
0.000 |
0.000 |
5.000 |
|
|
Balance
Carried to the B/S |
182.192 |
140.176 |
136.465 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
215.47 |
19.03 |
166.95 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
26.698 |
7.442 |
91.811 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(3.943) |
(1.578) |
53.067 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
42.19 |
43.61 |
46.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.65 |
8.37 |
7.83 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.31 |
0.01 |
0.02 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.53 |
0.16 |
0.67 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
4.97 |
0.82 |
3.47 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.28 |
0.15 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.31 |
0.13 |
0.69 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.39 |
0.17 |
0.75 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.06 |
0.08 |
0.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.22 |
2.15 |
4.16 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.98 |
0.36 |
1.89 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.55 |
1.44 |
8.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.18 |
1.71 |
15.22 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.39 |
6.31 |
2.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.96 |
3.75 |
1.50 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.71 |
0.84 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.12 |
1.41 |
7.54 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.39 |
6.31 |
2.17 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
19.500 |
19.500 |
19.500 |
|
Reserves & Surplus |
194.437 |
198.149 |
240.165 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
213.937 |
217.649 |
259.665 |
|
|
|
|
|
|
Long-term borrowings |
1.409 |
1.553 |
1.705 |
|
Short term borrowings |
145.635 |
25.941 |
78.701 |
|
Total
borrowings |
147.044 |
27.494 |
80.406 |
|
Debt/Equity
ratio |
0.687 |
0.126 |
0.310 |
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 |
1725.108 |
1032.939 |
1409.012 |
|
|
|
(40.123) |
36.408 |
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 |
1725.108 |
1032.939 |
1409.012 |
|
Profit/ (Loss) |
32.556 |
3.711 |
42.016 |
|
|
1.89
% |
0.36
% |
2.98
% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PERFORMANCE:
The Current Year saw a positive change in the Company's operations vis-?-vis previous Year. Both quantities and prices of Ferro Vanadium and Ferro Molybdenum increased compared to previous Year. While, average Ferro Molybdenum prices were up by about 18%, prices of Vanadium products incrased by about 35%. Volumes were also higher by about 7% and 10% for Ferro Molybdenum and Ferro Vanadium respectively. Prices for both Moly and Vanadium rebounded after reaching 12 - 13Year low in previous year. Hence, the turnover of the Company during the Year under review was up by about 36% compared to previous year. Accordingly, the profits increased substantially compared to last year.
Exports during the Year saw an all time high of INR 197.400 Million. This was mainly on account of ooportunities made available by price volatility in the export market vis-?-vis domestic market. Government export incentives were partially reviewed which also assisted coupled with good demand. However, Current Year export scenario looks little hazy so far, due to increase in domestic demand and higher realisation vis-à-vis export. However, the Company continues to closely watch both International and Domestic prices and shall take appropriate steps depending on the advantage to the Company.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
1.705 |
1.553 |
|
Total |
1.705 |
1.553 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
B19714856 |
10077305 |
HDFC BANK LIMITED |
12/11/2007 |
16/08/2011 |
60000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G34913046 |
90133452 |
STATE BANK OF
HYDERABAD |
02/11/1988 |
25/11/2016 |
105000000.0 |
SHAPURNAGAR
BRANCHIDA JEEDIMETLA,HYDERABADTG500055IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
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.