|
|
|
MIRA INFORM REPORT
|
Report No. : |
485656 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
VISHAL CONTAINERS LIMIITED (w.e.f 02.01.2008) |
|
|
|
|
Formerly Known
As : |
VISHAL CONTAINERS PRIVATE LIMIITED |
|
|
|
|
Registered
Office : |
Plot No.919, 901 A and B 920, GIDC Estate, Phase – II, Chhatral,
Taluka: Kalol, Gandhi Nagar – 382729, Gujarat |
|
Tel. No.: |
91-2764-233666/ 667 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
11.05.2004 |
|
|
|
|
Com. Reg. No.: |
04-044121 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 71.153 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129GJ2004PLC044121 |
|
|
|
|
IEC No.: |
0804005346 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCV8510E |
|
|
|
|
GSTIN/UIN : |
24AABCV8510E1ZN |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 876000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 1985 as a partnership concern with the name “Well Pack Industries” and later changed its name to “Vishal Industries” in April 2004. Further it got converted into Private Limited Company with the name of “Vishal Containers Private Limited” in May 2004 and then got converted into Public Limited Company with the name of “Vishal Containers Limited” in January 2008. The company manufactures and exports paper and plastic packaging material. For the financial year 2017, the company has reported dip in its revenue by 4.31% as compared to the previous year but has managed to maintain an average profit margin of 1.46%. The sound financial risk profile of the company is marked by adequate net worth base along with negligible debt balance sheet profile. The ratings takes into consideration the extensive experience of its promoters in processing and manufacturing of corrugated boxes and flexible packaging. These strengths are partially offset by working capital-intensive operations and customer concentration risk in revenue profile. 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 |
CRISIL |
|
Rating |
Long Term Borrowing=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
25.09.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Borrowing=A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
25.09.2017 |
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 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.
INFORMATION PARTED BY
|
Name : |
Mr. Kunal Arvindbhai Patel |
|
Designation : |
Whole-time Director |
|
Contact No.: |
91-9825016937 |
|
Date : |
11.01.2018 |
LOCATIONS
|
Registered Office/Factory 1 : |
Plot No.919, 901 A and B 920, GIDC Estate, Phase – II, Chhatral,
Taluka: Kalol, Gandhi Nagar – 382729, Gujarat, India |
|
Tel. No.: |
91-2764-233666/ 667 |
|
Mobile No.: |
91-9825016937 (Mr. Kunal Patel) |
|
Fax No.: |
91-2764-232367 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
65000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 2 : |
310, 311, 313, GIDC Industrial Area, Chhatral, Taluka: Kalol,
District: Gandhinagar – 382729, Gujarat, India |
|
Area : |
55000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 3 : |
Survey No.517, Indrad Rajpur Road, Taluka: Rana Kadi, District:
Mehsana – 382715, Gujarat, India |
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Arvindbhai
Mafatlal Patel |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
B-1, Moti Nagar Society, Kalol, Mehsana, Kalol – 382721, Gujarat, India |
||||||||
|
Date of Birth/Age : |
03.02.1957 |
||||||||
|
Date of Appointment : |
01.04.2009 |
||||||||
|
DIN No.: |
01659177 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Kunal Arvindbhai Patel |
||||||||
|
Designation : |
Whole-time Director |
||||||||
|
Address : |
B-1, Motinagar Society, Kalol, Mehsana, Kalol – 382731, Gujarat, India |
||||||||
|
Date of Birth/Age : |
05.07.1981 |
||||||||
|
Date of Appointment : |
01.08.2011 |
||||||||
|
DIN No.: |
01658143 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Rajendrakumar
Mafatlal Patel |
||||||||
|
Designation : |
Whole-time Director |
||||||||
|
Address : |
35/B, Shrinagar Society, Near Swami Narayan Temple, At Post-Kalol, District: Gandhinagar – 382721, Gujarat, India |
||||||||
|
Date of Birth/Age : |
09.04.1963 |
||||||||
|
Date of Appointment : |
01.08.2011 |
||||||||
|
DIN No.: |
01659164 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Vishal Arvindbhai Patel |
||||||||
|
Designation : |
Wholetime Director |
||||||||
|
Address : |
B - 1, Moti Nagar Society, Kalol, Gandhinagar – 382721, Gujarat, India |
||||||||
|
Date of Appointment : |
01.04.2017 |
||||||||
|
DIN No.: |
02568023 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Ramanbhai Vitthaldas Patel |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
304, Shreeji Appartment, Vardhamannagar, Kalol – 382721, Gujarat, India |
||||||||
|
Date of Appointment : |
01.09.2009 |
||||||||
|
DIN No.: |
00996239 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Vimal Bholabhai
Patel |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Motinagar Society, At- Kalol, Gandhinagar Kalol – 382721, Gujarat, India |
||||||||
|
Date of Birth/Age : |
03.11.1974 |
||||||||
|
Date of Appointment : |
02.11.2015 |
||||||||
|
DIN No.: |
03219276 |
||||||||
|
|
|
||||||||
|
Name : |
Ms. Nisha Vimalbhai
Patel |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
50, Motinagar Society, At. Kalol, Gandhinagar – 382721, Gujarat, India |
||||||||
|
Date of Appointment : |
01.04.2016 |
||||||||
|
DIN No.: |
07477279 |
||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDERS DETAILS FAILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
97.87107854 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
2.08071575 |
|
Public/Other than promoters [Individual/Hindu Undivided Family-Non-resident Indian (NRI)] |
0.00716761 |
|
Public/Other than promoters (Body corporate) |
0.0410381 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Materials |
||||
|
Countries : |
China |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Advance Payment, L/C, Cheque and Credit (30/ 60/ 90 Days) |
||||
|
|
|
||||
|
Purchasing : |
Advance Payment, L/C, Cheque and Credit (30/ 60/ 90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Manufacturers
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Babubhai Patel and Company Chartered Accountants |
|
Address : |
Ashram Road, Ahmedabad, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABCPP5322K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7115340 |
Equity Shares |
INR 10/- each |
INR 71.153
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 |
71.153 |
40.153 |
40.153 |
|
(b) Reserves and Surplus |
235.581 |
168.825 |
139.716 |
|
(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) |
306.734 |
208.978 |
179.869 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
19.222 |
13.449 |
20.894 |
|
(b) Deferred tax liabilities (Net) |
33.543 |
19.147 |
16.675 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
52.765 |
32.596 |
37.569 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
183.339 |
140.670 |
81.247 |
|
(b) Trade
payables |
255.147 |
253.897 |
166.640 |
|
(c) Other
current liabilities |
22.571 |
44.382 |
45.359 |
|
(d) Short-term
provisions |
2.200 |
1.450 |
0.550 |
|
Total Current
Liabilities (4) |
463.257 |
440.399 |
293.796 |
|
|
|
|
|
|
TOTAL |
822.756 |
681.973 |
511.234 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
400.546 |
201.154 |
196.920 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets capital
work-in-progress |
6.837 |
30.205 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
4.442 |
2.986 |
15.842 |
|
(e) Other
Non-current assets |
0.000 |
0.492 |
0.000 |
|
Total Non-Current
Assets |
411.850 |
234.862 |
212.787 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.027 |
0.027 |
0.027 |
|
(b)
Inventories |
107.902 |
95.047 |
72.355 |
|
(c) Trade
receivables |
215.104 |
286.590 |
182.853 |
|
(d) Cash and
bank balances |
14.111 |
8.294 |
18.366 |
|
(e)
Short-term loans and advances |
73.762 |
57.153 |
24.846 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
410.906 |
447.111 |
298.447 |
|
|
|
|
|
|
TOTAL |
822.756 |
681.973 |
511.234 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1385.679 |
1448.127 |
1057.065 |
|
|
Other Income |
5.306 |
7.253 |
8.274 |
|
|
TOTAL |
1390.985 |
1455.380 |
1065.339 |
|
|
|
(Due to market
fluctuation) |
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1068.588 |
1051.608 |
770.110 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
2.177 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(7.736) |
0.903 |
8.078 |
|
|
Employee benefit expense |
95.948 |
121.307 |
76.574 |
|
|
Other expenses |
146.444 |
203.512 |
134.207 |
|
|
TOTAL |
1303.244 |
1377.330 |
991.146 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
87.741 |
78.050 |
74.193 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
22.239 |
18.048 |
25.775 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
65.502 |
60.002 |
48.418 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.533 |
15.287 |
19.345 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
43.969 |
44.715 |
29.073 |
|
|
|
|
|
|
|
Less |
TAX |
23.714 |
15.606 |
10.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
20.255 |
29.109 |
18.673 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.85 |
7.25 |
4.65 |
Expected Sales (2017-2018) : INR 1600.000 Million
The above information has been parted by Mr. Kunal Arvindbhai Patel (Whole-time Director)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
15.889 |
20.898 |
38.063 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
111.254 |
19.016 |
12.137 |
|
Net cash flow from operating activity |
110.454 |
4.016 |
12.137 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
56.66 |
72.23 |
63.14 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
6.44 |
5.05 |
5.78 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
87.15 |
88.12 |
78.76 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.81 |
0.82 |
1.03 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.22 |
0.34 |
0.38 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.61 |
0.70 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.71 |
0.84 |
0.78 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.51 |
2.11 |
1.63 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.33 |
1.11 |
1.09 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.95 |
4.32 |
2.88 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
1.46 |
2.01 |
1.77 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.46 |
4.27 |
3.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.60 |
13.93 |
10.38 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.89 |
1.02 |
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.65 |
0.80 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.37 |
0.31 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.07 |
4.36 |
3.49 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.89 |
1.02 |
1.02 |
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 |
40.153 |
40.153 |
71.153 |
|
Reserves & Surplus |
139.716 |
168.825 |
235.581 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
179.869 |
208.978 |
306.734 |
|
|
|
|
|
|
Long-term borrowings |
20.894 |
13.449 |
19.222 |
|
Short term borrowings |
81.247 |
140.670 |
183.339 |
|
Current maturities of
long-term debts |
38.063 |
20.898 |
15.889 |
|
Total
borrowings |
140.204 |
175.017 |
218.450 |
|
Debt/Equity
ratio |
0.779 |
0.837 |
0.712 |
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 |
1057.065 |
1448.127 |
1385.679 |
|
|
|
36.995 |
(4.312) |
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 |
1057.065 |
1448.127 |
1385.679 |
|
Profit/ (Loss) |
18.673 |
29.109 |
20.255 |
|
|
1.77% |
2.01% |
1.46% |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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% |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
5.938 |
13.400 |
|
|
|
|
|
Total |
5.938 |
13.400 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G46432043 |
100104241 |
SUNDARAM FINANCE LIMITED |
24/05/2017 |
- |
- |
1141558.0 |
21 PATULLOS ROAD CHENNAI TAMILNADU 600002 INDIA |
|
2 |
G46433181 |
100104244 |
SUNDARAM FINANCE LIMITED |
24/05/2017 |
- |
- |
1141558.0 |
21 PATULLOS ROAD CHENNAI TAMILNADU 600002 INDIA |
|
3 |
G72914468 |
10595017 |
KOTAK MAHINDRA BANK LIMITED |
20/06/2015 |
10/11/2017 |
- |
424800000.0 |
27BKC, C 27, G Block Bandra Kurla Complex, Bandra (EAST), Mumbai MAHARASHTRA 400051 INDIA |
|
4 |
C54181870 |
10570489 |
RELIANCE CAPITAL LTD |
19/05/2015 |
- |
- |
16537500.0 |
"H" BLOCK 1ST FLOOR Dhirubhai Ambani Knowledge City, Koparkhairne Navi Mumbai MAHARASHTRA 400710 INDIA |
|
5 |
C09360082 |
10506128 |
RELIANCE CAPITAL LTD |
28/06/2014 |
- |
- |
16214100.0 |
"H" BLOCK 1ST FLOOR Dhirubhai Ambani Knowledge City, Koparkhairne Navi Mumbai MAHARASHTRA 400710 INDIA |
|
6 |
A02764116 |
10023304 |
SUNDARAM FINANCE LTD |
29/06/2006 |
- |
- |
721000.0 |
21 PATULLOS ROAD CHENNAI TAMILNADU TAMILNADU 600002 INDIA |
|
7 |
G15358963 |
10461065 |
INTEC CAPITAL LIMITED |
18/11/2013 |
- |
28/10/2015 |
6420500.0 |
701,MANJUSHA57 NEHRU PLACE NEW DELHI 110019 INDIA |
|
8 |
C53175238 |
10152138 |
PUNJAB NATIONAL BANK |
23/03/2009 |
- |
05/05/2015 |
720000.0 |
IBB Branch, Ashram Road, AHMEDABAD GUJARAT 380009 INDIA |
|
9 |
C53175725 |
10201208 |
PUNJAB NATIONAL BANK |
05/02/2010 |
19/05/2011 |
05/05/2015 |
143000000.0 |
INTERNATIONAL BANKING BRANCHNEELKAMAL BUILDING, OPPOSITE SALES INDIA, ASHRAM ROAD, AHMEDABAD GUJARAT 380009 INDIA |
|
10 |
C53162129 |
10247008 |
PUNJAB NATIONAL BANK |
16/09/2010 |
- |
05/05/2015 |
660000.0 |
INTERNATIONAL BANKING BRANCHNEELKAMAL BUILDING, OPPOSITE SALES INDIA, ASHRAM ROAD, AHMEDABAD GUJARAT 380009 INDIA |
FIXED ASSETS
- Land
- Buildings
- Other building
- Plant and equipment
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor 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 63.52 |
|
|
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.