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|
MIRA INFORM REPORT
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Report No. : |
486306 |
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Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ROCKWELL INDUSTRIES LIMITED (w.e.f.09.03.1998) |
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Formerly Known
As : |
ROCKWELL INDUSTRIES PRIVATE LIMITED (w.e.f.04.10.1995) ROCKWELL DEVICES PRIVATE LIMITED |
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Registered
Office : |
6-3-883/2/A, Tejaswi Plaza, 3rd Floor, Punjagutta,
Hyderabad - 500082, Telangana |
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Tel. No.: |
91-40-23414830 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
28.07.1986 |
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Com. Reg. No.: |
36-006638 |
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Capital
Investment / Paid-up Capital : |
INR 10.000 Million |
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CIN No.: [Company Identification
No.] |
U29150TG1986PLC006638 |
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IEC No.: |
Not Divulged |
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GSTIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCR0725M |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Refrigerator Appliance. (Registered Activity) |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 1300000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Rockwell Industries Limited was incorporated in the year 1986. It is
manufacturer of refrigerator appliance. For the financial year 2017, there has been minimal decrease in its
revenue by 0.65% but has managed to maintain average profit margin of 5.36%. The sound financial profile of the company is marked by adequate
networth base along with negligible debt level. The rating takes into consideration the subject’s long track record of
business operations along with extensive of its promoters. The company has decent earning per share (EPS) of INR 44.14 against
the face value (FV) of INR 10. However, rating strengths are partially offset by unfavourable gap
between trade payables and trade receivables. 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 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term (MSE2) |
|
Rating Explanation |
High financial strengths and high operating performance. |
|
Date |
02.08.2017 |
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 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 Office/ Corporate Office : |
6-3-883/2/A, 3rd Floor, Tejaswi Plaza, Above Tanishq Showroom, Punjagutta, Hyderabad - 500082, Telangana, India |
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Tel. No.: |
91-40-23414830/ 23414831 |
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Fax No.: |
91-40-23414829/ 40112149 |
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E-Mail : |
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Website : |
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Factory 1: |
Survey No. 849, Adj. to Industrial Estate, Medchal, Hyderabad, Ranga Reddy District: - 501401, Telangana, India |
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Tel. No.: |
91-8418-222997/ 222926 |
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Fax No.: |
91-8418-225742 |
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Factory 2: |
Survey No. 853, Adj. to Industrial Estate, Medchal, Hyderabad, Ranga Reddy District - 501401, Telangana, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ashok Kumar Gupta |
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Designation : |
Managing Director |
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Address : |
No.6-3-1192/A/21, Flat No.406, Ashok Lake, View Apartment, Kundanbagh, Behind Life Style, Begumpet, Hyderabad – 500016, Telangana, India |
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Date of Birth/Age : |
25.02.1956 |
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Date of Appointment : |
28.07.1986 |
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DIN No.: |
01662910 |
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Other Directorship:
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Name : |
Ananthanarayanan Ariyanayakipuram Lakshminarayanan |
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Designation : |
Director |
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Address : |
B - 171, Sainikpuri, Secunderabad – 500094, Telangana, India |
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Date of Birth/Age : |
25.06.1996 |
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Date of Appointment : |
25.06.1996 |
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DIN No.: |
00495490 |
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Other Directorship:
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Name : |
Ms. Geeta Gupta |
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Designation : |
Director |
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Address : |
Flat. No. 406, Ashoka Lake, View Complex, Behind Life Style, Begumpet, Hyderabad – 500016, Telangana, India |
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Date of Birth/Age : |
07.12.1957 |
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Date of Appointment : |
28.07.1986 |
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DIN No.: |
01662955 |
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Other Directorship:
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Name : |
Mr. Ravindranath Anantapurguggilla Reddy |
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Designation : |
Director |
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Address : |
No. 202, Pavani Annexe Road No-2, Banjara Hills, Hyderabad – 500034, Telangana, India |
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Date of Appointment : |
30.09.2016 |
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DIN No.: |
01729114 |
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Other Directorship:
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KEY EXECUTIVES
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Name : |
Mrs. Suman Bijarnia |
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Designation : |
Company Secretary |
|
Address : |
No. 202, Pavani Annexe, Road No.2, Banjara Hills, Hyderabad – 500034,
Telangana, India |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Geeta Gupta |
|
504185 |
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Ashok Kumar Gupta |
|
160015 |
|
Ashish Gupta |
|
167500 |
|
Manish Gupta |
|
113000 |
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Prateek Gupta |
|
55000 |
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Shruti Gupta |
|
100 |
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Sheetal Gupta |
|
100 |
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Rangoli Gupta |
|
100 |
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Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Refrigerator Appliance. (Registered Activity) |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
R. Kankaria and Uttam Singhi Chartered Accountants |
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Address : |
6-3-1090/C-4, Raj Bhavan Road, Above Andhra Bank, Hyderabad – 500082,
Telangana, India |
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Tel. No.: |
91-40-23308988 |
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Income-tax
PAN of auditor or auditor's firm : |
AAEFR2500G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates Concern: |
LLP
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CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000
Million |
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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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
449.641 |
405.505 |
380.219 |
|
(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) |
459.641 |
415.505 |
390.219 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
77.001 |
115.028 |
156.324 |
|
(b) Deferred tax liabilities (Net) |
44.256 |
43.323 |
40.798 |
|
(c) Other long term
liabilities |
0.604 |
0.920 |
0.921 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
121.861 |
159.271 |
198.043 |
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
180.756 |
132.678 |
148.037 |
|
(b) Trade
payables |
185.051 |
158.987 |
123.320 |
|
(c) Other
current liabilities |
93.111 |
98.446 |
74.898 |
|
(d) Short-term
provisions |
4.193 |
14.522 |
6.335 |
|
Total Current
Liabilities (4) |
463.111 |
404.633 |
352.590 |
|
|
|
|
|
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TOTAL |
1044.613 |
979.409 |
940.852 |
|
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|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
353.032 |
364.045 |
383.696 |
|
(ii)
Intangible Assets |
0.703 |
1.009 |
1.235 |
|
(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 |
37.801 |
12.193 |
12.219 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.348 |
9.363 |
12.306 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
401.884 |
386.610 |
409.456 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
256.130 |
169.116 |
188.745 |
|
(c) Trade
receivables |
262.542 |
311.069 |
278.223 |
|
(d) Cash
and cash equivalents |
24.660 |
25.495 |
10.386 |
|
(e)
Short-term loans and advances |
99.285 |
86.920 |
53.236 |
|
(f) Other
current assets |
0.112 |
0.199 |
0.806 |
|
Total Current
Assets |
642.729 |
592.799 |
531.396 |
|
|
|
|
|
|
TOTAL |
1044.613 |
979.409 |
940.852 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
823.801 |
829.187 |
643.666 |
|
|
Other Income |
44.333 |
34.806 |
19.153 |
|
|
TOTAL |
868.134 |
863.993 |
662.819 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
590.788 |
507.469 |
421.994 |
|
|
Purchases of
Stock-in-Trade |
2.866 |
4.915 |
2.880 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(66.375) |
39.656 |
(66.648) |
|
|
Employees benefits
expense |
90.783 |
79.100 |
66.027 |
|
|
Other expenses |
137.201 |
114.790 |
110.739 |
|
|
TOTAL |
755.263 |
745.930 |
534.992 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
112.871 |
118.063 |
127.827 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
26.368 |
27.074 |
27.448 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
86.503 |
90.989 |
100.379 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.112 |
24.522 |
21.745 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
61.391 |
66.467 |
78.634 |
|
|
|
|
|
|
|
Less |
TAX |
17.255 |
23.128 |
27.572 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
44.136 |
43.339 |
51.062 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
30.083 |
112.199 |
0.348 |
|
|
TOTAL EARNINGS |
30.083 |
112.199 |
0.348 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
127.929 |
91.088 |
69.440 |
|
|
TOTAL IMPORTS |
127.929 |
91.088 |
69.440 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
44.14 |
43.34 |
51.06 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
Current Maturities of Long term debt-Term Loan |
36.735 |
36.735 |
36.735 |
|
Current Maturities of Long term debt-Vehicle |
1.726 |
1.574 |
1.939 |
|
Total
|
38.461 |
38.309 |
38.674 |
|
Cash generated from operations |
79.402 |
131.116 |
61.775 |
|
Net cash flows from (used in) operating activity |
58.553 |
113.001 |
43.136 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
116.32 |
136.93 |
157.77 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.14 |
2.67 |
2.31 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
113.78 |
113.26 |
105.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.44 |
0.70 |
0.68 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.32 |
0.32 |
0.33 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.55 |
0.57 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.64 |
0.69 |
0.88 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.01 |
0.97 |
0.90 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.77 |
0.88 |
0.99 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.28 |
4.36 |
4.66 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.36 |
5.23 |
7.93 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.23 |
4.43 |
5.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
9.60 |
10.43 |
13.09 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.39 |
1.47 |
1.51 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.83 |
1.05 |
0.97 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.44 |
0.42 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
29.62 |
28.60 |
34.30 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.39 |
1.47 |
1.51 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
380.219 |
405.505 |
449.641 |
|
Net
worth |
390.219 |
415.505 |
459.641 |
|
|
|
|
|
|
long-term borrowings |
156.324 |
115.028 |
77.001 |
|
Short term borrowings |
148.037 |
132.678 |
180.756 |
|
Current maturities of
long-term debts |
38.674 |
38.309 |
38.461 |
|
Total
borrowings |
343.035 |
286.015 |
296.218 |
|
Debt/Equity
ratio |
0.879 |
0.688 |
0.644 |
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 |
643.666 |
829.187 |
823.801 |
|
|
|
28.823 |
(0.650) |
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 |
643.666 |
829.187 |
823.801 |
|
Profit |
51.062 |
43.339 |
44.136 |
|
|
7.93% |
5.23% |
5.36% |
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 two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
FINANCIAL RESULT:
The company has earned revenue from its operations of INR 823.801 million during the financial year 2016-17 as against to INR 829.187 million during the previous year 2015-16. However, Company the profits gained during the Financial year of INR 44.136 million as against to INR 43.339 million in the previous financial year2015-16.
OPERATIONS
The performance of the Company is satisfactory as the Gross Revenue registered at INR 908.279 million and Net Profit of INR 44.136 million.
STATE OF THE COMPANY'S
AFFAIRS AND FUTURE OUTLOOK
The company is presently exporting to Nepal and a client in Germany. Company has taken a dedicated person for export Market and expecting a breakthrough in some new avenues. The company is also working seriously on energy conservation front and hence developing new products where we are expecting l0% further reduction in the consumption of power in our products.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G42282327 |
100095279 |
The Hongkong and Shanghai Banking Corporation Limited |
27/12/2016 |
- |
- |
100000000.0 |
6-3-1107 & 1108, Raj Bhavan RoadSomajiGudaHyderabadTG500082IN |
|
2 |
G42281972 |
100098712 |
The Hongkong and Shanghai Banking Corporation Limited |
27/12/2016 |
- |
- |
5000000.0 |
6-3-1107 & 1108, Raj Bhavan RoadSomaji GudaHyderabadTG500082IN |
|
3 |
G39169370 |
10278083 |
Axis Bank Limited |
14/03/2011 |
17/02/2017 |
- |
345500000.0 |
6-3-879-B, G Pulla Reddy Building, Greenlands, Begumpet Road, Hyderabad-500016, Telangana, India |
|
4 |
C02679678 |
10052653 |
Indian Overseas Bank |
19/04/2007 |
19/03/2014 |
- |
176500000.0 |
Indian Overseas Bank, Rashtrpathi Road, Secunderabad-500003, Telangana, India |
|
5 |
Y10224436 |
90131631 |
INDIAN OVERSEAS BANK |
23/01/1989 |
- |
- |
600000.0 |
R.P.ROADSECUNDERABADAPIN |
|
6 |
A47291117 |
10052652 |
INDIAN OVERSEAS BANK |
30/04/2007 |
- |
18/09/2008 |
200000.0 |
1ST FLOOR, KASUVA COMPLEXR.P.ROAD,SECUNDERABADAP500003IN |
|
7 |
A47290325 |
90132668 |
INDIAN OVERSEAS BANK |
16/02/1999 |
19/02/2005 |
18/09/2008 |
18000000.0 |
R.P.ROADSECUNDERABADAPIN |
|
8 |
A44432961 |
90132889 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
18/01/2001 |
02/03/2001 |
21/08/2008 |
29750000.0 |
IDBI TOWERCUFFE PARADE; COLABABOMBAYMH400005IN |
|
9 |
A44432615 |
90132554 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
23/02/1998 |
31/05/1999 |
21/08/2008 |
35000000.0 |
IDBI TOWERCUFFE PARADE; COLABABOMBAYMH400005IN |
|
10 |
A44432813 |
90132452 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
16/07/1997 |
- |
21/08/2008 |
6500000.0 |
IDBI TOWERCUFFE PARADE; COLABAMUMBAIMH400005IN |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Sales Tax Defferment |
53.489 |
54.354 |
|
Short-term
borrowings |
|
|
|
Loans repayable
on demand |
|
|
|
Loans from Associates Concern |
0.000 |
0.509 |
|
Total |
53.489 |
54.863 |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Computer
Accessories
- Computer
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 63.53 |
|
|
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
MTN |
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.