|
|
|
%20PRIVATE%20LIMITED%20-%20486183%2016-Jan-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20486183%2016-Jan-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20486183%2016-Jan-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
486183 |
|
Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BHATIA COMMUNICATIONS AND RETAIL (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
132, Dr. Ambedkar Shopping Centre, Ring Road, Surat –
395002, Gujarat |
|
Tel. No.: |
91-261-2349892 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
25.03.2008 |
|
|
|
|
Com. Reg. No.: |
04- 053336 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5.526 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109GJ2008PTC053336 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCB3959R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Retail trade and dealer Mobile phones. [Registered activity and also confirmed by
management] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
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 2008 having satisfactory track record. It is engaged as retail trade and dealer Mobile phones. As per the available financials of 2017, the company has achieved decent growth in its revenue as compared to its previous year along with fair 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 continue to derive strength from its established track record of its business operation backed by its well experienced management team. Rating strength is partially offset by highly competitive nature of the industry with presence of other large players and unorganized sector marked by profit margins exposed to fluctuations in the input prices. 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 DENIED BY
|
Name : |
Mr. Satish Kumar |
|
Designation : |
Manager |
|
Contact No.: |
91-9978989995 |
|
Date : |
13.01.2018 |
MANAGEMENT NON-COOPERATIVE (91-261-2349892)
LOCATIONS
|
Registered Office : |
132, Dr. Ambedkar Shopping Centre, Ring Road, Surat –
395002, Gujarat, India |
|
Tel. No.: |
91-261-2349892 |
|
Mobile No.: |
91-9978989995 (Mr. Satish Kumar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sanjeev Harbanslal Bhatia |
||||||||||||
|
Designation : |
Managing Director |
||||||||||||
|
Address : |
35, Subhash Nagar Society, Ghod Dod Road,
Surat -395007, Gujarat, India |
||||||||||||
|
Date of Birth/Age : |
31.10.1978 |
||||||||||||
|
Qualification: |
Graduate |
||||||||||||
|
Date of Appointment : |
05.01.2018 |
||||||||||||
|
DIN No.: |
02063671 |
||||||||||||
|
PAN No.: |
AFIPB0972M |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Nikhil Harbanslal Bhatia |
||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||
|
Address : |
35, Subhash Nagar Society, Ghod Dod Road,
Surat -395007, Gujarat, India |
||||||||||||
|
Date of Birth/Age : |
16.02.1982 |
||||||||||||
|
Qualification: |
Graduate |
||||||||||||
|
Date of Appointment : |
01.04.2013 |
||||||||||||
|
DIN No.: |
02063706 |
||||||||||||
|
PAN No.: |
AFIPB0971J |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Harbanslal Brijlal Bhatia |
||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||
|
Address : |
B No 35, Subhash Nagar Society, Ghod Dod
Road, Surat -395007, Gujarat, India |
||||||||||||
|
Date of Birth/Age : |
08.02.1952 |
||||||||||||
|
Qualification: |
Under graduate |
||||||||||||
|
Date of Appointment : |
01.04.2013 |
||||||||||||
|
DIN No.: |
02063751 |
||||||||||||
|
PAN No.: |
ABBPB7976Q |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mrs. Rashmi Kapil Arora |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
A-301, Opera House, Citylight, Near Agrasen
Bhavan, Surat- 395007, Gujarat, India |
||||||||||||
|
Date of Appointment : |
05.01.2018 |
||||||||||||
|
DIN No.: |
07584412 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Arpit Arunkumar Jain |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
9002, Sheetal Apartment, B/H SBI Citylight
Surat -395007, Gujarat, India |
||||||||||||
|
Date of Appointment : |
05.01.2018 |
||||||||||||
|
DIN No.: |
08044841 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Rachit Naresh Narang |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
39-1st Floor, Part B, Jantanagar, Opposite
Bank Of Baroda, Bhatar Road, Surat - 395002, Gujarat, India |
||||||||||||
|
Date of Appointment : |
05.01.2018 |
||||||||||||
|
DIN No.: |
08044845 |
||||||||||||
KEY EXECUTIVES
|
Name : |
Avani Karansingh Chaudhari |
|
Designation : |
Company Secretary |
|
Address : |
A-1 302, Nandini Appartment Vesu, Surat
-395007, Gujarat, India |
|
Date of Appointment : |
11.11.2017 |
|
PAN No.: |
BDPPC6637Q |
|
|
|
|
Name : |
Mr. Ravindra Arunrao Sojal |
|
Designation : |
Chief Finance Officer |
|
Address : |
173, Krishnakunj Soc, Near Matrubhumi High
School, Dindoli, Surat -394210, Gujarat, India |
|
Date of Appointment : |
05.01.2018 |
|
PAN No.: |
BDOPS7988H |
|
|
|
|
Name : |
Mr. Satish Kumar |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Sanjeev Bhatia |
|
255000 |
|
Harbanslal Bhatia |
|
255000 |
|
Amit Bhatia |
|
510 |
|
Anita Gandhi |
|
510 |
|
Gagan Bhatia |
|
510 |
|
Hemant Bhatia |
|
510 |
|
Kamlesh Kumari Bhatia |
|
510 |
|
Kishanlal Bhatia |
|
510 |
|
Naresh Bhatia |
|
510 |
|
Nikhil Bhatia |
|
510 |
|
Pushpa Bhatia |
|
510 |
|
Shakuntala Bhatia |
|
510 |
|
Total |
|
515100 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Nikhil Bhatia |
|
23750 |
|
Hema Bhatia |
|
13750 |
|
Total |
|
37500 |
AS ON 30.09.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Harbanslal Bhatia |
|
1530000 |
|
Sanjeev Bhatia |
|
1530000 |
|
Nikhil Bhatia |
|
3060 |
|
Hema Bhatia |
|
27540 |
|
Total |
|
3090600 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
99.11 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
0.89 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20486183%2016-Jan-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Retail trade and dealer Mobile phones. [Registered activity and also confirmed by
management] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
R Kejriwal and Company Chartered Accountants |
|
Address : |
2, Aastha, 2/906, Hira Modi Sheri, Opposite Gujarat Samachar Press, Ring Road, Surat -395002, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAPFR9048C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related party : |
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital : INR
70.000 Million
Issued Subscribed & Paid-up Capital : INR 48.576 Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
550000 |
Equity Shares |
INR 10/- each |
INR 5.500 Million |
|
50000 |
Preference Shares |
INR 10/- each |
INR 0.500 Million |
|
|
|
|
|
|
|
Total |
|
INR 6.000
Million |
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
515100 |
Equity Shares |
INR 10/- each |
INR 5.151 Million |
|
37500 |
Preference Shares |
INR 10/- each |
INR 0.375 Million |
|
|
|
|
|
|
|
Total |
|
INR 5.526
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 |
5.526 |
5.526 |
5.526 |
|
(b) Reserves &
Surplus |
31.053 |
25.780 |
22.491 |
|
(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) |
36.579 |
31.306 |
28.017 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
14.923 |
14.694 |
4.164 |
|
(b) Deferred tax
liabilities (Net) |
1.073 |
1.038 |
1.110 |
|
(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) |
15.996 |
15.732 |
5.274 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
25.939 |
2.390 |
27.671 |
|
(b) Trade payables |
167.099 |
126.750 |
119.152 |
|
(c) Other current
liabilities |
2.151 |
0.639 |
1.363 |
|
(d) Short-term provisions |
2.354 |
1.658 |
1.867 |
|
Total Current Liabilities
(4) |
197.543 |
131.437 |
150.053 |
|
|
|
|
|
|
TOTAL |
250.118 |
178.475 |
183.344 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
44.278 |
29.170 |
23.644 |
|
(ii) Intangible Assets |
2.900 |
2.900 |
2.900 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(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 |
47.178 |
32.070 |
26.544 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
127.344 |
89.429 |
95.859 |
|
(c) Trade receivables |
50.426 |
28.712 |
33.583 |
|
(d) Cash and cash
equivalents |
15.818 |
19.035 |
8.817 |
|
(e) Short-term loans and
advances |
9.352 |
9.229 |
18.541 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
202.940 |
146.405 |
156.800 |
|
|
|
|
|
|
TOTAL |
250.118 |
178.475 |
183.344 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1243.311 |
896.146 |
1038.792 |
|
|
Other Income |
91.597 |
64.667 |
66.946 |
|
|
TOTAL |
1334.908 |
960.813 |
1105.738 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
1258.632 |
874.623 |
1034.953 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(37.915) |
6.430 |
(11.950) |
|
|
Employees benefits
expense |
25.691 |
21.601 |
23.635 |
|
|
Other expenses |
69.086 |
45.404 |
46.086 |
|
|
TOTAL |
1315.494 |
948.058 |
1092.724 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
19.414 |
12.755 |
13.014 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
6.596 |
3.920 |
3.919 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
12.818 |
8.835 |
9.095 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.155 |
3.975 |
3.754 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
7.663 |
4.860 |
5.341 |
|
|
|
|
|
|
|
Less |
TAX |
2.390 |
1.571 |
1.795 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
5.273 |
3.289 |
3.546 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
Basic |
10.24 |
6.39 |
6.88 |
|
|
Diluted |
9.54 |
5.95 |
6.42 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
2.151 |
0.639 |
1.363 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
25.927 |
5.367 |
17.862 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
23.537 |
3.796 |
16.066 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
14.80 |
11.69 |
11.80 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
24.66 |
31.21 |
30.93 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
48.46 |
52.90 |
42.02 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.15 |
0.14 |
0.14 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.41 |
0.40 |
0.49 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.86 |
0.82 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.18 |
0.57 |
1.18 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
5.40 |
4.20 |
5.36 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.29 |
1.02 |
0.95 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.94 |
3.25 |
3.32 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.42 |
0.37 |
0.34 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.11 |
1.84 |
1.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
14.42 |
10.51 |
12.66 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.03 |
1.11 |
1.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.38 |
0.43 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.15 |
0.18 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.78 |
3.21 |
6.01 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.03 |
1.11 |
1.04 |
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 |
5.526 |
5.526 |
5.526 |
|
Reserves & Surplus |
22.491 |
25.780 |
31.053 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
28.017 |
31.306 |
36.579 |
|
|
|
|
|
|
Long Term borrowings |
4.164 |
14.694 |
14.923 |
|
Short Term borrowings |
27.671 |
2.390 |
25.939 |
|
Current Maturities of Long term debt |
1.363 |
0.639 |
2.151 |
|
Total
borrowings |
33.198 |
17.723 |
43.013 |
|
Debt/Equity
ratio |
1.185 |
0.566 |
1.176 |
%20PRIVATE%20LIMITED%20-%20486183%2016-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
|
1038.792 |
896.146 |
1243.311 |
|
|
|
(13.732) |
38.740 |
%20PRIVATE%20LIMITED%20-%20486183%2016-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
|
1038.792 |
896.146 |
1243.311 |
|
Profit |
3.546 |
3.289 |
5.273 |
|
|
0.34% |
0.37% |
0.42% |
%20PRIVATE%20LIMITED%20-%20486183%2016-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 |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
11.034 |
14.251 |
|
Total |
11.034 |
14.251 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
A96708102 |
10246303 |
HDFC
BANK LIMITED |
08/10/2010 |
- |
- |
8000000.0 |
HDFC
BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G48435432 |
10242721 |
HDFC
BANK LIMITED |
09/09/2010 |
09/05/2017 |
- |
23000000.0 |
HDFC
BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
A92958313 |
10120541 |
HDFC
BANK LIMITED |
26/08/2008 |
- |
19/08/2010 |
1500000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
FIXED ASSETS:
Tangible assets
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Goodwill
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 87.18 |
|
Euro |
1 |
INR 77.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KVT |
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.