|
|
|
MIRA INFORM REPORT
|
Report No. : |
485748 |
|
Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BAJRANG PETROCHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
109/201, Bhadauriya Chauraha, Jawahar Nagar, Kanpur-208012, Uttar
Pradesh |
|
Tel. No.: |
91-512-2541770 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
17.09.1999 |
|
|
|
|
Com. Reg. No.: |
20-024758 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 19.356 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23101UP1999PTC024758 |
|
|
|
|
IEC No.: |
0601000684 |
|
|
|
|
GSTIN : |
09AABCB3788N1Z2 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB3788N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, exporter and importer of industrial solvent,
organic composite solvents, all kinds of petroleum products and petro
chemicals. [Registered
activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
15 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1999 having satisfactory track record. It is engaged as manufacturer, exporter and importer of industrial solvent, organic composite solvents, all kinds of petroleum products and petro chemicals. As per available financial of March 2017, the revenue of the company
has marginally decline as compared to its previous year along with thin
margin during the year. However, the company possesses satisfactory financial risk profile
marked by comfortable net worth base and ideal debt level. Rating continue to derive strength from its long established track
record of its business operation backed by its well experienced promoters in
petroleum 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 16.01.2018.
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 (GENERAL DETAILS)
|
Name : |
Mr. Rajesh Kumar Aggarwal |
|
Designation : |
Director |
|
Contact No.: |
91-9818690008 |
|
Date : |
11.01.2018 |
LOCATIONS
|
Registered Office : |
109/201, Bhadauriya Chauraha, Jawahar Nagar, Kanpur-208012, Uttar
Pradesh, India |
|
Tel. No.: |
91-512-2541770 |
|
Mobile No.: |
91-9818690008 (Mr. Rajesh) |
|
Fax No.: |
91-512-2546463 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
443 (Basement), Mathura Road, Bhogal, New Delhi - 110014, India |
|
|
|
|
Factory : |
Village-Umran, Rania Industrial Area, Tehsil Akbarpur, Kanpur Dehat-209304, Uttar Pradesh, India |
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Murari Lal Sharma |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
A-21 Hans Apartments, East Arjun Nagar, Delhi-110032, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.04.1956 |
||||||||||||||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||||||||||||||
|
Experience : |
31 Years |
||||||||||||||||||||||||||||
|
Date of Appointment : |
17.09.1999 |
||||||||||||||||||||||||||||
|
DIN No.: |
00923089 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Rajesh Kumar Aggarwal |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
443, GRD, Mathura Road Bhogal, New Delhi-110014, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.12.1964 |
||||||||||||||||||||||||||||
|
Qualification : |
B.A. |
||||||||||||||||||||||||||||
|
Experience : |
16 Years |
||||||||||||||||||||||||||||
|
Date of Appointment : |
17.09.1999 |
||||||||||||||||||||||||||||
|
DIN No.: |
01003361 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rajesh Kumar Aggarwal |
|
779180 |
|
Murari Lal Sharma |
|
664800 |
|
Sanjeev Aggarwal |
|
244800 |
|
Rajesh Aggarwal |
|
245880 |
|
Yogesh Kumar Aggarwal |
|
120 |
|
Kamal Kishore Aggarwal |
|
120 |
|
Abhishek Aggarwal |
|
100 |
|
Deepika Aggarwal |
|
100 |
|
Naresh Goyal |
|
100 |
|
Naresh Goyal and HUF |
|
100 |
|
Vimal Kumar Kapoor HUF |
|
100 |
|
Astha Aggarwal |
|
100 |
|
Durga Chemicals |
|
100 |
|
Total |
|
1935600 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, exporter and importer of industrial solvent,
organic composite solvents, all kinds of petroleum products and petro
chemicals. [Registered
activity and also confirmed by management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
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|
||||
|
Agencies Held : |
Not Available |
||||
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|
||||
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Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
Nepal |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
United Arab Emirates |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C and Credit (30, 60 Days) |
||||
|
|
|
||||
|
Purchasing : |
L/C and Credit (30, 60 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
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|
Customers : |
Manufacturer
|
||||||||||||||||||||||||
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|
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No. of Employees : |
15 (Approximately) |
||||||||||||||||||||||||
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|
Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Rajesh Magan and Company Chartered Accountants |
|
Address : |
KDA Market, Shop No.19, Shivaji Nagar, Kanpur-208005, Uttar Pradesh,
India |
|
Tel. No.: |
91-512-2242238 |
|
Mobile No.: |
91-9415154221 |
|
E-Mail : |
|
|
PAN No.: |
AEKPG1005P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates Companies : |
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1935600 |
Equity Shares |
INR 10/- each |
INR 19.356 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.356 |
19.356 |
19.356 |
|
(b) Reserves &
Surplus |
7.820 |
7.419 |
6.453 |
|
(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) |
27.176 |
26.775 |
25.809 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
52.612 |
52.545 |
51.839 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
52.612 |
52.545 |
51.839 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
24.245 |
23.594 |
23.749 |
|
(b) Trade payables |
15.031 |
42.138 |
38.629 |
|
(c) Other current
liabilities |
0.313 |
0.261 |
0.758 |
|
(d) Short-term provisions |
1.146 |
0.832 |
0.934 |
|
Total Current Liabilities
(4) |
40.735 |
66.825 |
64.070 |
|
|
|
|
|
|
TOTAL |
120.523 |
146.145 |
141.718 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9.020 |
12.391 |
12.347 |
|
(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 |
3.219 |
3.220 |
3.220 |
|
(c) Deferred tax assets
(net) |
0.709 |
0.709 |
0.522 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
12.948 |
16.320 |
16.089 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
18.505 |
41.432 |
33.761 |
|
(c) Trade receivables |
66.552 |
80.841 |
78.190 |
|
(d) Cash and cash
equivalents |
1.336 |
0.251 |
0.911 |
|
(e) Short-term loans and
advances |
21.182 |
7.301 |
12.767 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
107.575 |
129.825 |
125.629 |
|
|
|
|
|
|
TOTAL |
120.523 |
146.145 |
141.718 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
393.498 |
444.394 |
673.182 |
|
|
Other Income |
11.361 |
0.232 |
0.394 |
|
|
TOTAL |
404.859 |
444.626 |
673.576 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
331.258 |
390.006 |
614.760 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
17.323 |
(4.638) |
(19.294) |
|
|
Employees benefits
expense |
0.152 |
0.421 |
0.094 |
|
|
Other expenses |
42.486 |
45.000 |
64.264 |
|
|
TOTAL |
391.219 |
430.789 |
659.824 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
13.640 |
13.837 |
13.752 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
8.834 |
9.229 |
9.443 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
4.806 |
4.608 |
4.309 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
3.371 |
3.066 |
1.954 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1.435 |
1.542 |
2.355 |
|
|
|
|
|
|
|
Less |
TAX |
0.982 |
0.476 |
0.727 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.453 |
1.066 |
1.628 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
0.23 |
0.55 |
0.84 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
61.73 |
66.40 |
42.39 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
5.91 |
5.50 |
8.61 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
16.56 |
39.44 |
22.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.74 |
0.33 |
0.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.51 |
1.12 |
1.11 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.77 |
0.82 |
0.82 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.83 |
2.84 |
2.93 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.50 |
2.50 |
2.48 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.33 |
0.46 |
0.48 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.54 |
1.50 |
1.46 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
0.12 |
0.24 |
0.24 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.38 |
0.73 |
1.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.67 |
3.98 |
6.31 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.64 |
1.94 |
1.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.19 |
1.32 |
1.43 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.23 |
0.18 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.97 |
3.93 |
3.91 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.64 |
1.94 |
1.96 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
19.356 |
19.356 |
19.356 |
|
Reserves & Surplus |
6.453 |
7.419 |
7.820 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
25.809 |
26.775 |
27.176 |
|
|
|
|
|
|
long-term borrowings |
51.839 |
52.545 |
52.612 |
|
Short term borrowings |
23.749 |
23.594 |
24.245 |
|
Total borrowings |
75.588 |
76.139 |
76.857 |
|
Debt/Equity ratio |
2.929 |
2.844 |
2.828 |
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 |
673.182 |
444.394 |
393.498 |
|
|
|
(33.986) |
(11.453) |
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 |
673.182 |
444.394 |
393.498 |
|
Profit |
1.628 |
1.066 |
0.453 |
|
|
0.24% |
0.24% |
0.12% |
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 |
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
REVIEW OF BUSINESS OPERATIONS
AND FUTURE PROSPECTS
During the financial year ended March 31, 2017, the Company earned Profit Before Tax of INR 1.435 Million as against INR 1.542 million in the previous financial year. The Revenue from operations has been INR 393.498 million as against INR 444.394 million during previous financial year.
Considering the difficult macro-economic conditions and challenging business environment, the Company’s performance during the year under review was satisfactory. The directors expect that with stable government in centre, estimates of better GDP growth rate, the Company’s strong business model, continued research and development, and continued confidence of customers the Company should achieve better performance in the time to come.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Unsecured loans |
27.350 |
25.692 |
|
Total |
27.350 |
25.692 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
Y10396356 |
90279769 |
BANK OF BARODA |
11/11/2000 |
- |
- |
6000000.0 |
SSI Branch, Panki Site No. 2, Kanpur, Uttar Pradesh, India |
|
2 |
Y10390100 |
90273513 |
BANK OF BARODA |
01/11/2000 |
- |
- |
6000000.0 |
SSI Branch, Panki Site No. 2, Kanpur, Uttar Pradesh, India |
|
3 |
G73440190 |
80037162 |
STATE BANK OF INDIA |
27/03/2002 |
- |
02/01/2018 |
3100000.0 |
P Road, Kanpur-208001, Uttar Pradesh, India |
|
4 |
G73441073 |
80037169 |
STATE BANK OF INDIA |
27/03/2002 |
24/09/2004 |
02/01/2018 |
2000000.0 |
P Road, Kanpur-208001, Uttar Pradesh, India |
|
5 |
G73441230 |
80037168 |
STATE BANK OF INDIA |
27/03/2002 |
16/07/2004 |
02/01/2018 |
10000000.0 |
P Road, Kanpur-208001, Uttar Pradesh, India |
|
6 |
G73441461 |
90273573 |
STATE BANK OF INDIA |
27/03/2002 |
24/09/2004 |
02/01/2018 |
2000000.0 |
P Road, Kanpur-208001, Uttar Pradesh, India |
|
7 |
G73440778 |
90273599 |
STATE BANK OF INDIA |
14/01/2003 |
14/01/2003 |
02/01/2018 |
10000000.0 |
P Road, Kanpur-208001, Uttar Pradesh, India |
|
8 |
G73440927 |
80037161 |
STATE BANK OF INDIA |
06/06/2006 |
06/08/2007 |
02/01/2018 |
190300000.0 |
Commercial Branch, Howrah 9, G. T. Road (South), Howrah-711101, West Bengal, India |
|
9 |
G73440877 |
80037166 |
STATE BANK OF INDIA |
14/01/2003 |
- |
02/01/2018 |
3358000.0 |
P Road, Kanpur-208001, Uttar Pradesh, India |
|
10 |
G73440182 |
80037165 |
STATE BANK OF INDIA |
14/01/2003 |
- |
02/01/2018 |
10000000.0 |
P Road, Kanpur-208001, Uttar Pradesh, India |
FIXED ASSETS:
- Factory Land
- Building
- Plant and
Machinery
- Furniture and
Fixture
- Cycle
- Car
- Scooter
- Motor Cycle
- Computer
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 63.41 |
|
|
1 |
INR 88.18 |
|
Euro |
1 |
INR 77.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
BHG |
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.