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|
|
%20LIMITED%20-%20486206%2015-Jan-2018_files/image015.jpg){kind=small}
%20LIMITED%20-%20486206%2015-Jan-2018_files/image016.jpg)
%20LIMITED%20-%20486206%2015-Jan-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
486206 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
IRC (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
846, Joshi Road, Karol Bagh, New Delhi-110005 |
|
Tel. No.: |
91-11-41548000 [5 Lines] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
08.02.2006 |
|
|
|
|
Com. Reg. No.: |
55-320629 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 56.108 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090DL2006PLC320629 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
07AABCI4860L1ZC |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI4860L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Transportation, Logistics and Courier Services
through air, road, rails and water. (As per Memorandum of Association) |
|
|
|
|
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 251000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2006 having satisfactory track record. It is engaged in providing transportation, logistics and courier services through air, road, rails and water. As per the available financial of 2017, the company has reported marginal decline in its revenue as compared to its previous year along with 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 further takes into account, the long and established track record of its business operation backed by its well experienced promoters in logistics services. However, rating strengths is partially offset by the exposure of company’s revenues and margin to cyclicality present in international trade, intense competitive pressure from other organized as well as unorganized players operating in the fragmented freight forwarding industry. 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
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 15.01.2018.
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/ Corporate Office : |
846, Joshi Road, Karol Bagh, New Delhi-110005, India |
|
Tel. No.: |
91-11-41548000 [5 Lines] |
|
Fax No.: |
91-11-41548005 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Chandra Kant Dave |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
F- 15, Rochmond Park Phase IV, Dlf City, Gurgaon-122002, Haryana, India |
||||||||||||||||||||
|
Date of Appointment : |
23.06.2016 |
||||||||||||||||||||
|
DIN No.: |
00148586 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mrs. Aradhya Gupta |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
B-423, New Friends Colony, New Delhi - 110065, India |
||||||||||||||||||||
|
Date of Birth/Age : |
15.06.1991 |
||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
20.12.2014 |
||||||||||||||||||||
|
DIN No.: |
07047634 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Ashok Gupta Kumar |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
B-423, New Friends Colony, New Delhi - 110065, India |
||||||||||||||||||||
|
Date of Birth/Age : |
02.02.1960 |
||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
08.02.2006 |
||||||||||||||||||||
|
PAN No.: |
ADOPG5126G |
||||||||||||||||||||
|
DIN No.: |
00103771 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mrs. Anuradha Gupta |
||||||||||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||||||||||
|
Address : |
B 423, New Friends Colony, New Delhi - 110065, India |
||||||||||||||||||||
|
Date of Birth/Age : |
12.02.1963 |
||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
08.02.2006 |
||||||||||||||||||||
|
PAN No.: |
ADVPG0053H |
||||||||||||||||||||
|
DIN No.: |
00103821 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Raghunandan Lal Gupta |
9500 |
0.17 |
|
Ashok Gupta |
4368007 |
77.85 |
|
Madhusudan Goenka |
200 |
0.00 |
|
Anuradha Gupta |
1217825 |
21.71 |
|
Rakesh Pathak |
100 |
0.00 |
|
Vinod Kumar |
100 |
0.00 |
|
Aradhya Gupta |
15034 |
0.27 |
|
|
|
|
|
Total |
5610766 |
100.00 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
99.82 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
0.18 |
|
|
|
|
Total |
100.00 |
%20LIMITED%20-%20486206%2015-Jan-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Providing Transportation, Logistics and Courier Services
through air, road, rails and water. (As per Memorandum of Association) |
||||
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|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Available |
||||
|
|
|
||||
|
Purchasing : |
Not Available |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
AUTOMOTIVE
INDUSTRY · Dunlop India Limited · Apollo Tyres Limited · Andrew Yule & Company Limited · Goetze India Limited · Govind Rubber Limited · Escorts JCB Limited PHARMACEUTICAL INDUSTRY · J K Pharma Limited · Reckitt Benckiser India Limited · Parke Davis of India Limited · Pfizer India Limited ·
Baxter India Private Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· The Hongkong and Shanghai Banking Corporation Limited Birla Towers, 25, Barakhamba Road, New Delhi - 110001, India · HDFC Bank Limited HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai-400013, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution : |
· Tata Capital Financial Services Limited One Forbes,Dr V B Gandhi Marg, Fort, Mumbai-400001,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Alok Mittal and Associates Chartered Accountants |
|
Address : |
X-13, Hauz Khas, New Delhi-110016, India |
|
PAN No.: |
AAAFA9008J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Companies where
control exists : |
· Arch Mercantile (P) Limited · IRC Worldwide Couriers Limited · Trywell Finance Mutual · Benefit Co. Limited · IRC (INDIA) Limited · IRC Supply Chain Solutions Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5620000 |
Equity Shares |
INR 10/- each |
INR 56.200 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5610766 |
Equity Shares |
INR 10/- each |
INR 56.108
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
56.108 |
56.108 |
56.108 |
|
(b) Reserves & Surplus |
31.774 |
28.519 |
25.508 |
|
(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) |
87.882 |
84.627 |
81.616 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
96.242 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.894 |
0.974 |
0.697 |
|
(c)
Other long term liabilities |
8.066 |
0.047 |
0.047 |
|
(d)
long-term provisions |
2.893 |
2.448 |
2.337 |
|
Total
Non-current Liabilities (3) |
110.095 |
3.469 |
3.081 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
123.624 |
108.475 |
91.767 |
|
(b)
Trade payables |
1.857 |
0.409 |
0.380 |
|
(c)
Other current liabilities |
28.878 |
23.464 |
33.219 |
|
(d)
Short-term provisions |
2.171 |
2.245 |
4.915 |
|
Total
Current Liabilities (4) |
156.530 |
134.593 |
130.281 |
|
|
|
|
|
|
TOTAL |
354.507 |
222.689 |
214.978 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
184.056 |
34.661 |
27.962 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.786 |
0.786 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
9.180 |
3.451 |
3.180 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
194.022 |
38.898 |
31.142 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
9.714 |
7.663 |
4.449 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
111.274 |
118.962 |
131.922 |
|
(d)
Cash and cash equivalents |
7.093 |
17.415 |
9.542 |
|
(e)
Short-term loans and advances |
30.768 |
38.817 |
36.644 |
|
(f)
Other current assets |
1.636 |
0.934 |
1.279 |
|
Total
Current Assets |
160.485 |
183.791 |
183.836 |
|
|
|
|
|
|
TOTAL |
354.507 |
222.689 |
214.978 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
468.547 |
520.529 |
493.897 |
|
|
|
Other Income |
3.678 |
2.063 |
23.538 |
|
|
|
TOTAL |
472.225 |
522.592 |
517.435 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
22.061 |
21.417 |
17.850 |
|
|
|
Other expenses |
424.110 |
480.948 |
468.999 |
|
|
|
TOTAL |
446.171 |
502.365 |
486.849 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
26.054 |
20.227 |
30.586 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
14.389 |
11.693 |
9.551 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
11.665 |
8.534 |
21.035 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.273 |
3.977 |
3.548 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
6.392 |
4.557 |
17.487 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.138 |
1.368 |
3.375 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3.254 |
3.189 |
14.112 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
|
|
|
|
|
Basic |
0.92 |
0.62 |
2.49 |
|
|
|
Diluted
|
0.58 |
0.57 |
2.52 |
|
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
39.418 |
2.935 |
(30.441) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
39.389 |
1.803 |
(31.284) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
86.68 |
83.42 |
97.49 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.21 |
4.38 |
3.74 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.14 |
0.58 |
1.09 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.71 |
0.60 |
0.61 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.50 |
1.28 |
1.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.78 |
1.59 |
1.60 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.09 |
0.41 |
0.34 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.81 |
1.73 |
3.20 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.69 |
0.61 |
2.86 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.92 |
1.43 |
6.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.70 |
3.77 |
17.29 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.03 |
1.37 |
1.41 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.03 |
1.37 |
1.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.25 |
0.38 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.92 |
1.93 |
1.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.03 |
1.37 |
1.41 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
56.108 |
56.108 |
56.108 |
|
Reserves & Surplus |
25.508 |
28.519 |
31.774 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
81.616 |
84.627 |
87.882 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
96.242 |
|
Short term borrowings |
91.767 |
108.475 |
123.624 |
|
Total
borrowings |
91.767 |
108.475 |
219.866 |
|
Debt/Equity
ratio |
1.124 |
1.282 |
2.502 |
%20LIMITED%20-%20486206%2015-Jan-2018_files/image022.gif)
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 |
493.897 |
520.529 |
468.547 |
|
|
|
5.392 |
-9.986 |
%20LIMITED%20-%20486206%2015-Jan-2018_files/image024.gif)
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 |
493.897 |
520.529 |
468.547 |
|
Profit/ (Loss) |
14.112 |
3.189 |
3.254 |
|
|
2.86% |
0.61% |
0.69% |
%20LIMITED%20-%20486206%2015-Jan-2018_files/image026.gif)
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 |
Yes |
|
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 |
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 |
G70561477 |
100140802 |
HDFC BANK LIMITED |
22/11/2017 |
- |
- |
125000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G31185200 |
100048855 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
02/08/2016 |
12/08/2016 |
- |
140000000.0 |
One Forbes,Dr V B Gandhi Marg, FortMUMBAIMH400001IN |
|
3 |
G02446839 |
100026557 |
HDFC BANK LIMITED |
03/09/2015 |
- |
- |
10000000.0 |
HDFC BANK LIMITED, HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WMUMBAIMH400013IN |
|
4 |
C57957136 |
10577971 |
The Hongkong and Shanghai Banking Corporation Limited |
01/06/2015 |
- |
- |
5000000.0 |
25, Birla TowerBarakhamba RoadNew DelhiDL110001IN |
|
5 |
G05136569 |
10574106 |
The Hongkong and Shanghai Banking Corporation Limited |
01/06/2015 |
17/05/2016 |
- |
120000000.0 |
Birla Towers25, Barakhamba RoadNew DelhiDL110001IN |
|
6 |
G12492468 |
10256215 |
HDFC BANK LIMITED |
21/12/2010 |
- |
19/09/2016 |
17500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
G12491411 |
10144326 |
HDFC BANK LIMITED |
30/01/2009 |
- |
19/09/2016 |
5625000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
8 |
G12492229 |
10228327 |
HDFC BANK LIMITED |
31/05/2010 |
- |
19/09/2016 |
16350000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
G12491668 |
10078372 |
HDFC BANK LIMITED |
24/05/2007 |
- |
19/09/2016 |
6460000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
G12492955 |
10312644 |
HDFC BANK LIMITED |
29/08/2011 |
01/10/2014 |
19/09/2016 |
90000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from directors |
14.701 |
0.000 |
|
Loans and advances from others |
20.000 |
0.000 |
|
|
|
|
|
Total |
34.701 |
0.000 |
BRIEF DESCRIPTION OF THE COMPANY’S WORKING
DURING THE YEAR/STATE OF COMPANY’S AFFAIR
During the year, the Company has made the Turnover of INR 468.547 Million in comparison to Previous year’s Turnover of INR 520.529 Million and has earned profit of INR 3.254 Million against Previous year’s profit of INR 3.189 Million. The directors are quite hopeful that the performances of the Company will improve.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
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
|
Analysis Done by
: |
NIS |
|
|
|
|
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.