|
|
|
MIRA INFORM REPORT
|
Report No. : |
485381 |
|
Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
JAYDEEP COTTON FIBRES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-805, The Imperial Heights, Opposite Big Bazar, 150 Feet Ring Road,
Rajkot – 360005, Gujarat |
|
Tel. No.: |
91-281-2580025 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
01.09.1997 |
|
|
|
|
Com. Reg. No.: |
04-032921 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 245.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119GJ1997PTC032921 |
|
|
|
|
IEC No.: |
2403003719 |
|
|
|
|
GST No.: |
24AAACJ5374P1Z5 |
|
|
|
|
TIN No.: |
24092500575 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ5374P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject
is engaged into Cotton Ginning and Bailing, Sale of Cotton Seeds, etc and
also Solar Power Generations. [Registered Activity] |
|
|
|
|
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 |
|
Maximum Credit Limit : |
USD 1709400 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1997. Management has failed to file its financials with Registrar of Companies after FY 2015. Management has denied to provide any information about the subject to us. As per the available financial record of 2015, the company has reported decline in its revenue as compared to previous year but has managed to maintain low profit margin of 0.79%. The satisfactory financial profile of the company is marked by comfortable networth base along with average debt coverage indicators. However, rating is constrained on account of absence of latest financials. Payments are reported to be slow but correct. In view of aforesaid, 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
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limit=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
07.04.2017 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limit=A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
07.04.2017 |
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 13.01.2018.
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
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-281-2580025]
LOCATIONS
|
Registered Office : |
C-805, The Imperial Heights, Opposite Big Bazar, 150 Feet Ring Road,
Rajkot – 360005, Gujarat, India |
|
Tel. No.: |
91-281-2580025 |
|
Fax No.: |
91-281-2580090 |
|
E-Mail : |
|
|
|
|
|
Factory : |
8-B, National Highway, Near 66, K V Sub Station, Shapar, Gujarat,
India |
|
Tel. No.: |
91-2827-252177 |
|
Fax No.: |
91-2827-253490 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Arvindkumar Parsotambhai Patel |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
801, Megh Malhar Apartment, Shree Colony, Opposite Mahatma Gandhi School,
City – Rajkot - 360001, Gujarat, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.09.1966 |
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|
Date of Appointment : |
01.09.1997 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AGWPP3458M |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00554370 |
||||||||||||||||||||||||||||||||||||
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Alpeshbhai Vallabhbhai Patel |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No.702, Piramid Tower, Bansi Park, Amin Road, Rajkot – 360001,
Gujarat, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.06.1976 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2007 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AFGPP9978M |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01356260 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vallabhbhai Valjibhai Pan |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
703, Piramid Tower, Bansi Park, Amin Road, Rajkot – 360001, Gujarat,
India |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.10.1997 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACXPP9371N |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00554649 |
||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2015
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
Mansukh Parsottambhai Patel (As Karta of Mansukh P. Patel HUF) |
|
2081620 |
|
Arvind Parsottambhai Patel (As Karta of Arvind P. Patel HUF) |
|
1550800 |
|
Parsottambhai Valjibhai Patel |
|
4200000 |
|
Sanjay Vallabhbhai Patel |
|
1800000 |
|
Alpesh Vallabhbhai Patel |
|
2600000 |
|
Vallabh Valjibhai Pan |
|
1600000 |
|
Mansukhbhai Parsottambhai Patel |
|
2318380 |
|
Arvind Parsottambhai Patel |
|
3049200 |
|
Shobhanaben Mansukhbhai Patel |
|
800000 |
|
|
|
|
|
Total |
|
20000000 |
|
Names of Shareholders [Preference Shares] |
|
No. of Shares |
|
Mansukh Parsottambhai Patel (As Karta of Mansukh P. Patel HUF) |
|
1000000 |
|
Arvind Parsottambhai Patel (As Karta of Arvind P. Patel HUF) |
|
800000 |
|
Sanjay Vallabhbhai Patel |
|
350000 |
|
Alpesh Vallabhbhai Patel |
|
400000 |
|
Vallabh Valjibhai Pan |
|
600000 |
|
Ilaben Arvindkumar Patel |
|
750000 |
|
Chirag Mansukhbhai Patel |
|
600000 |
|
|
|
|
|
Total |
|
4500000 |
AS ON: 30.09.2015
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
47.84 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
52.16 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged into Cotton Ginning and Bailing, Sale of Cotton Seeds, etc and
also Solar Power Generations. [Registered Activity] |
||||||
|
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|
||||||
|
Products/ Services : |
|
||||||
|
|
|
||||||
|
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 Divulged |
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|
||||||
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Imports : |
Not Divulged |
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|
||||||
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Terms : |
|
||||||
|
Selling : |
Not Divulged |
||||||
|
|
|
||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
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Customers : |
|
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|
||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Kotak Mahindra Bank Limited 5th Floor, Sarkar II, Ellisbridge Corner, Ashram Road, Ahmedabad – 380006, Gujarat, India ·
State Bank of India Commercial Branch, "Noble House", Near Jalaram Petrol Pump,
Kalawad Road, Rajkot – 360001, Gujarat, India
·
Lakshmi Vilas Bank Limited Ronak
Commercial Complex, Opp Bombay Hotel, Gondal Road, Rajkot-360002, Gujarat,
India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
H. Jamnadas and Company Chartered Accountants |
|
Address : |
H.
Jamnadas House, 50 – Janta, Society, Opposite LIC Building, Mahila College
Chowk, Tagore Road, Rajkot – 360001, India |
|
PAN No.: |
AABFH2320P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary
Company : |
PAN Valley Resources Limited |
|
|
|
|
Associate Companies
: |
· HI-Bond Cement (India) Private Limited, India [U26940GJ2007PTC050846] · PAN Agri Export · Sadguru Cotton Private Limited, India [U17110GJ1999PTC036377] · Pan Capital Services Limited, India [U67120GJ2013PLC074723] · Pan Empire India Private Limited, India [U51909GJ2013PTC074984] |
CAPITAL STRUCTURE
AFTER: 30.09.2015
Authorised Capital : INR
245.000 Million
Issued, Subscribed & Paid-up Capital : INR 200.000 Million
AS ON: 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
4500000 |
Preference Shares |
INR 10/- each |
INR 45.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 245.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
4500000 |
Preference Shares |
INR 10/- each |
INR 45.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 245.000
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
245.000 |
245.000 |
245.000 |
|
(b) Reserves and Surplus |
353.292 |
306.322 |
254.081 |
|
(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) |
598.292 |
551.322 |
499.081 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
164.155 |
27.032 |
29.052 |
|
(b) Deferred tax liabilities (Net) |
50.924 |
28.223 |
0.263 |
|
(c) Other long-term
liabilities |
0.538 |
4.035 |
110.349 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
215.617 |
59.290 |
139.664 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1327.739 |
1522.247 |
1282.090 |
|
(b) Trade
payables |
2.063 |
225.121 |
138.684 |
|
(c) Other
current liabilities |
62.138 |
39.012 |
43.323 |
|
(d) Short-term
provisions |
15.834 |
18.315 |
35.341 |
|
Total Current
Liabilities (4) |
1407.774 |
1804.695 |
1499.438 |
|
|
|
|
|
|
TOTAL |
2221.683 |
2415.307 |
2138.183 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
384.035 |
284.077 |
171.225 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
42.385 |
11.665 |
|
(iv)
Intangible assets under development |
0.632 |
8.112 |
0.000 |
|
(b) Non-current Investments |
0.080 |
0.080 |
0.080 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
3.328 |
11.240 |
15.931 |
|
(e) Other
Non-current assets |
4.081 |
3.914 |
7.449 |
|
Total Non-Current
Assets |
392.156 |
349.808 |
206.350 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1051.626 |
970.833 |
726.227 |
|
(c) Trade
receivables |
168.450 |
685.448 |
904.367 |
|
(d) Cash and
bank balances |
464.589 |
159.444 |
52.741 |
|
(e)
Short-term loans and advances |
0.000 |
46.578 |
121.779 |
|
(f) Other
current assets |
144.862 |
203.196 |
126.719 |
|
Total
Current Assets |
1829.527 |
2065.499 |
1931.833 |
|
|
|
|
|
|
TOTAL |
2221.683 |
2415.307 |
2138.183 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
5967.777 |
7555.304 |
7905.049 |
|
|
Other Income |
80.010 |
93.992 |
42.959 |
|
|
TOTAL |
6047.787 |
7649.296 |
7948.008 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2405.650 |
1905.971 |
1743.040 |
|
|
Purchases of
Stock-in-Trade |
3115.592 |
5471.096 |
5846.382 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.693) |
(214.879) |
(174.797) |
|
|
Employee benefit expense |
9.884 |
7.587 |
6.961 |
|
|
Other expenses |
241.977 |
265.405 |
322.981 |
|
|
Exceptional Items |
0.000 |
0.000 |
(0.104) |
|
|
TOTAL |
5770.410 |
7435.180 |
7744.463 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
277.377 |
214.116 |
203.545 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
161.869 |
125.081 |
100.274 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
115.508 |
89.035 |
103.271 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
45.421 |
6.384 |
6.364 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
70.087 |
82.651 |
96.907 |
|
|
|
|
|
|
|
Less |
TAX |
22.702 |
30.410 |
33.934 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
47.385 |
52.241 |
62.973 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.37 |
2.61 |
3.15 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
51.380 |
1.498 |
1.333 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
348.192 |
505.925 |
164.178 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
330.776 |
477.475 |
128.878 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
10.30 |
33.11 |
41.76 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
35.43 |
11.02 |
8.74 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.14 |
11.14 |
6.67 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.26 |
0.22 |
0.28 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.72 |
0.64 |
1.11 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.73 |
0.76 |
0.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.58 |
2.81 |
2.63 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.35 |
3.27 |
3.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.64 |
0.61 |
0.37 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.71 |
1.71 |
2.03 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.79 |
0.69 |
0.80 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.13 |
2.16 |
2.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.92 |
9.48 |
12.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.30 |
1.14 |
1.29 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.55 |
0.61 |
0.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.27 |
0.23 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.30 |
6.33 |
5.36 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.30 |
1.14 |
1.29 |
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 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
245.000 |
245.000 |
245.000 |
|
Reserves & Surplus |
254.081 |
306.322 |
353.292 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
499.081 |
551.322 |
598.292 |
|
|
|
|
|
|
long-term borrowings |
29.052 |
27.032 |
164.155 |
|
Short term borrowings |
1282.090 |
1522.247 |
1327.739 |
|
Current Maturities of Long
term debt |
1.333 |
1.498 |
51.380 |
|
Total
borrowings |
1312.475 |
1550.777 |
1543.274 |
|
Debt/Equity
ratio |
2.630 |
2.813 |
2.579 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
7905.049 |
7555.304 |
5967.777 |
|
|
|
-4.424 |
-21.012 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
7905.049 |
7555.304 |
5967.777 |
|
Profit/ (Loss) |
62.973 |
52.241 |
47.385 |
|
|
0.80% |
0.69% |
0.79% |
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 |
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 |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C53535894 |
10569208 |
KOTAK MAHINDRA BANK LIMITED |
27/04/2015 |
- |
- |
200000000.0 |
5TH FLOOR, SARKAR II,ELLISBRIDGE CORNER, ASHRAM ROAD,AHMEDABADGJ380006IN |
|
2 |
B36469369 |
10140963 |
State Bank of India |
22/01/2009 |
03/03/2012 |
- |
1686600000.0 |
Commercial Branch, "Noble House",Near Jalaram Petrol Pump, Kalawad Road.RajkotGJ360001IN |
|
3 |
B36470763 |
10158903 |
State Bank of India |
22/10/2008 |
03/03/2012 |
- |
1686600000.0 |
Commercial Branch, "Noble House",Near Jalaram Petrol Pump, Kalawad Road,RajkotGJ360001IN |
|
4 |
Y10199429 |
90109737 |
DENA BANK |
23/01/1998 |
- |
- |
1900000.0 |
PARA BAZAR BRANCHPARA BAZARRAJKOTGJ360001IN |
|
5 |
Y10202831 |
90113139 |
DENA BANK |
23/01/1998 |
20/05/1998 |
- |
8100000.0 |
PARA BAZAR BRANCHPARA BAZARRAJKOTGJ360001IN |
|
6 |
A52661451 |
90109903 |
THE LAKSHMI VILAS BANK LIMITED |
04/01/1999 |
01/01/2008 |
15/12/2008 |
417500000.0 |
FIRST FLOOR, RONAK COMPLEX,GONDAL ROAD,RAJKOTGJ360002IN |
|
7 |
A52661733 |
90113061 |
THE LAKSHMI VILAS BANK LTD. |
31/03/2005 |
- |
15/12/2008 |
40000000.0 |
RAJKOT BRANCH; RONAK COMPLEXGONDAL ROADRAJKOTGJ360002IN |
|
8 |
A52661980 |
90112477 |
THE LAKSHMI VILAS BANK LTD. |
04/01/1999 |
06/12/2004 |
15/12/2008 |
29000000.0 |
RAJKOT BRANCHRONAK COMPLEX; GONDAL ROADRAJKOTGJ360002IN |
|
9 |
A52661147 |
90107729 |
THE LAKSHMI VILAS BANK LIMITED |
06/01/1999 |
01/01/2008 |
15/12/2008 |
417500000.0 |
FIRST FLOOR, RONAK COMPLEXGONDAL ROADRAJKOTGJ360002IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2015 (INR
In Million) |
31.03.2014 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits from directors |
13.231 |
8.649 |
|
Deposits from others |
0.000 |
16.140 |
|
|
|
|
|
Total |
13.231 |
24.789 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
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, 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 63.53 |
|
UK Pound |
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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.