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|
MIRA INFORM REPORT
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Report No. : |
485566 |
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Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
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Name : |
JAYA HIND INDUSTRIES LIMITED |
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Registered
Office : |
Mumbai Pune Road, Akurdi, Pune - 411035, Maharashtra |
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Tel. No.: |
91-20-27473981 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
11.01.1947 |
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Com. Reg. No.: |
11-005480 |
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Capital
Investment / Paid-up Capital : |
INR 1200.000 Million |
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CIN No.: [Company Identification
No.] |
U74999PN1947PLC005480 |
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IEC No.: |
0388012048 |
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GSTIN/UIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACJ4268Q |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing of Pressure Die Casting Aluminium and Auto
Components- Clutches and Brakes. (Registered Activity) |
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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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 7100000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1947. The company is an end-to-end solution provider for aluminum castings. The company’s clients includes- JCB, Kohler Engines, Tata, Ashok Leyland, Mahindra, Ford, Force Motors, Suzuki, Fiat, Nissan, Renault, Cummins, etc. As per the financial of 2017, the company has achieved an average net profit margin of 3.24% but has reported a decline of 0.60% in its revenue as compared to the previous year. Rating takes into consideration the sound financial position of the company marked by healthy networth base along with strong debt coverage indicator due to low debt balance sheet profile and moderate liquidity position. Business is active. Payments are reported to be regular. In view of aforesaid, the company can be considered good for normal business dealings at usual trade terms and condition. |
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 Loans = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
19.09.2017 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans = A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
19.09.2017 |
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 DENIED BY
|
Name : |
Mr. Ashok Giri |
|
Designation : |
General Manager in Finance |
|
Contact No.: |
91-20-27473982 |
|
Date : |
12.01.2018 |
LOCATIONS
|
Registered Office : |
Mumbai Pune Road, Akurdi, Pune - 411035, Maharashtra, India |
|
Tel. No.: |
91-20-27473982/ 81 |
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Fax No.: |
91-20-27474827 |
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E-Mail : |
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|
Website : |
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|
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Factory 1 : |
Urse, Taluka Maval, District Pune - 410506, Maharashtra, India |
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Tel. No.: |
91-2114-237071/ 73 / 287327 |
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Fax No.: |
91-2114-237072 |
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|
|
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Factory 2 : |
Plot No. 04, Sector 01, PO Pithampura/ District, Dhar - 454775, Madhya
Pradesh, India |
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Tel. No.: |
91-7292-305051 |
|
Fax No.: |
91-7292-308025/ 26 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Abhaykumar Navalmal Firodia |
||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Managing Director |
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|
Address : |
Sanmitra, 132 /B, Ganeshkhind Road, Pune-411007, Maharashtra, India |
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Date of Birth/Age : |
05.11.1944 |
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Qualification : |
B.A.
(Hons.) |
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|
Date of Appointment : |
24.09.2004 |
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PAN No.: |
AAAPF9096K |
||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00025179 |
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Other Directorship:
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|||||||||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Mohanlal Girdharilal Chopda |
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Designation : |
Director |
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Address : |
12, Bhosale Nagar, Pune-411007, Maharashtra, India |
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Date of Birth/Age : |
01.04.1945 |
||||||||||||||||||||||||||||||||||||||||||||||||
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Qualification : |
Draughtsman-Mechnical
Diploma |
||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
24.09.2004 |
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DIN No.: |
00040868 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Pradeep Kanakmal Munot |
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Designation : |
Director |
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Address : |
427, Gultekadi, Pune-411037, Maharashtra, India |
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Date of Birth/Age : |
06.01.1948 |
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Qualification : |
B.Sc |
||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
07.10.2005 |
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DIN No.: |
00044924 |
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Ms. Sunanda Sudhir Mehta |
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Designation : |
Director |
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|
Address : |
Plot No. 26, Yashwant Ghatagenagar Co Operative Society, Pune-411007,
Maharashtra, India |
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Date of Birth/Age : |
07.07.1971 |
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Qualification : |
B.A. |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2005 |
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PAN No.: |
AAXPM6063E |
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DIN No.: |
00289624 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Ms. Shribala Sagar Chordia |
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Designation : |
Director |
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Address : |
Building A 1002, Silver Woods,, North Main Road, Koreaon Park,
Pune-411036, Maharashtra, India |
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Date of Birth/Age : |
01.07.1974 |
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Qualification : |
B.Com,
Diploma in Marketing |
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Date of Appointment : |
27.09.2005 |
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PAN No.: |
AALPC8151D |
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DIN No.: |
00041557 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Prasan Abhaykumar Firodia |
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Designation : |
Managing director |
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Address : |
Sanmitra,132-B, Ganeshkhind Road, Pune-411007, Maharashtra, India |
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Date of Birth/Age : |
16.02.1979 |
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Qualification : |
B.B.A |
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Date of Appointment : |
24.09.2004 |
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PAN No.: |
AADPF4269R |
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DIN No.: |
00029664 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shyamala Navlakha |
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Designation : |
Director |
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Address : |
M-56, Greater Kailash, Part-I, New Delhi-110048, India |
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Date of Birth/Age : |
28.08.1938 |
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Qualification : |
B.
Sc (Home Science) |
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|
Date of Appointment : |
24.09.2004 |
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PAN No.: |
AAEPN3391F |
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DIN No.: |
00188287 |
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mrs. Indira Abhaykumar Firodia |
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Designation : |
Director |
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Address : |
Sanmitra,132/ B, Ganeshkhind Road,, Pune, 411007, Maharashtra, India |
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Date of Birth/Age : |
01.11.1949 |
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Qualification : |
B.A. |
||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
30.09.2003 |
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PAN No.: |
AADPF4270A |
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DIN No.: |
00035115 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mohindar Singh Bhogal |
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Designation : |
Whole-time director |
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Address : |
Plot No. 475 Sec - 25, Pcnt Nigadi, Pune-411044, Maharashtra, India |
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Date of Birth/Age : |
01.04.1945 |
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|
Qualification : |
Draughtsman-Mechnical
Diploma |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.01.2007 |
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PAN No.: |
AANPB7261P |
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DIN No.: |
01303503 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kundanlal Chunilal Khinvasara |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
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Address : |
446, Gokhale Road, Shivajinagar, Pune, 411005, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
03.04.1937 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.E.
(Civil) |
||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
27.09.2013 |
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DIN No.: |
02399809 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Ashok Kumar Giri |
|
Designation : |
Chief Financial Officer |
|
Address : |
Flat No. 1, Wing-2, Everglad, Survey No. 25/1, 26/ 10, Kharadi, Pune – 411014, Maharashtra, India |
|
Date of Appointment : |
01.09.2016 |
|
PAN No.: |
AKLPG7624H |
|
|
|
|
Name : |
Mrs. Jinarani Abhijeet Nagvekar |
|
Designation : |
Company Secretary |
|
Address : |
C- 803, DSK Gandhakosh Co-Operative Housing Society, Near Baner Balewadi Phata, Baner, Pune – 411045, Maharashtra, India |
|
Date of Appointment : |
18.08.2017 |
|
PAN No.: |
AKYPN8678H |
|
|
|
|
Name : |
Mr. Ashok Giri |
|
Designation : |
General Manager in Finance |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
40.24 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
6.24 |
|
Public/Other than promoters - Body corporate |
53.52 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Pressure Die Casting Aluminium and Auto
Components- Clutches and Brakes. (Registered Activity) |
||||||
|
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|
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|
Products / Services
: |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : (From Indirect Source) |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
|
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|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
P.
G. Bhagwat Chartered Accountants |
|
Address : |
Suite
No 102, Orchard, Dr. Pai Marg, Baner, Pune - 411045, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFB0762E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate: |
· Jaya Hind Investments Private Limited [U67200PN1981PTC023979] |
|
|
|
|
Joint Venture: |
· Jaya Hind Montupet Private Limited [U35122PN2013PTC149572] |
|
|
|
|
Other Related
Parties : |
· Force Motors Limited [L34102PN1958PLC011172] · Pinnacle Industries Limited |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
INR 10/- each |
INR 800.000 Million |
|
75000000 |
Preference Shares |
INR 10/- each |
INR 750.000 Million |
|
|
Total |
|
INR 1550.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
INR 10/- each |
INR 800.000 Million |
|
40000000 |
Preference Shares |
INR 10/- each |
INR 400.000 Million |
|
|
Total |
|
INR 1200.000
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 |
1200.000 |
1200.000 |
1200.000 |
|
(b) Reserves and Surplus |
1293.407 |
1182.960 |
761.528 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2493.407 |
2382.960 |
1961.528 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
488.658 |
559.181 |
453.287 |
|
(b) Deferred tax liabilities (Net) |
37.585 |
14.403 |
0.000 |
|
(c) Other long-term
liabilities |
54.238 |
204.003 |
80.929 |
|
(d) long-term
provisions |
22.469 |
20.853 |
27.329 |
|
Total Non-current
Liabilities (3) |
602.950 |
798.440 |
561.545 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
346.934 |
13.719 |
31.874 |
|
(b) Trade
payables |
383.655 |
460.038 |
525.826 |
|
(c) Other
current liabilities |
922.626 |
289.189 |
467.166 |
|
(d) Short-term
provisions |
11.163 |
50.330 |
64.700 |
|
Total Current
Liabilities (4) |
1664.378 |
813.276 |
1089.566 |
|
|
|
|
|
|
TOTAL |
4760.735 |
3994.676 |
3612.639 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1825.050 |
1731.151 |
1820.333 |
|
(ii)
Intangible Assets |
22.352 |
31.416 |
17.577 |
|
(iii) Tangible assets
capital work-in-progress |
456.475 |
214.100 |
51.652 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.777 |
5.777 |
48.343 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
596.387 |
405.599 |
81.430 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2906.041 |
2388.043 |
2019.335 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
416.264 |
301.382 |
509.890 |
|
(c) Trade
receivables |
744.700 |
844.045 |
738.843 |
|
(d) Cash and
bank balances |
543.131 |
363.944 |
179.751 |
|
(e)
Short-term loans and advances |
112.135 |
93.674 |
161.034 |
|
(f) Other
current assets |
38.464 |
3.588 |
3.786 |
|
Total
Current Assets |
1854.694 |
1606.633 |
1593.304 |
|
|
|
|
|
|
TOTAL |
4760.735 |
3994.676 |
3612.639 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3414.090 |
3434.605 |
4250.441 |
|
|
Other Income |
218.722 |
460.776 |
121.043 |
|
|
TOTAL |
3632.812 |
3895.381 |
4371.484 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1808.563 |
1619.811 |
2342.664 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(113.389) |
53.396 |
(40.788) |
|
|
Employee benefit expense |
688.844 |
589.872 |
654.053 |
|
|
CSR expenditure |
3.000 |
2.900 |
1.900 |
|
|
Other expenses |
669.187 |
770.988 |
775.764 |
|
|
Exceptional items before tax |
0.000 |
0.000 |
(6.612) |
|
|
TOTAL |
3056.205 |
3036.967 |
3726.981 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
576.607 |
858.414 |
644.503 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
97.414 |
65.444 |
48.577 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
479.193 |
792.970 |
595.926 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
309.588 |
259.036 |
279.293 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
169.605 |
533.934 |
316.633 |
|
|
|
|
|
|
|
Less |
TAX |
59.158 |
73.988 |
49.907 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
110.447 |
459.946 |
266.726 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
425.145 |
417.115 |
296.594 |
|
|
TOTAL EARNINGS |
425.145 |
417.115 |
296.594 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
48.031 |
381.121 |
|
|
Components and spare
parts |
NA |
40.306 |
87.460 |
|
|
Capital Goods |
NA |
353.283 |
34.942 |
|
|
TOTAL IMPORTS |
NA |
441.620 |
503.523 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.92 |
3.83 |
2.22 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
801.762 |
55.787 |
393.139 |
|
Net cash flows from (used in) operations |
779.960 |
47.768 |
424.951 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
79.62 |
89.70 |
63.45 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.58 |
4.07 |
5.75 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
77.43 |
103.66 |
81.93 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.39 |
2.85 |
1.26 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.25 |
0.43 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
79.62 |
89.70 |
63.45 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
4.58 |
4.07 |
5.75 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
77.43 |
103.66 |
81.93 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.39 |
2.85 |
1.26 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.25 |
0.43 |
0.34 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.24 |
13.39 |
6.28 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.32 |
11.51 |
7.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.43 |
19.30 |
13.60 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.11 |
1.98 |
1.46 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.86 |
1.60 |
0.99 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.52 |
0.60 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.70 |
0.48 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.11 |
1.98 |
1.46 |
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 |
1200.000 |
1200.000 |
1200.000 |
|
Reserves & Surplus |
761.528 |
1182.960 |
1293.407 |
|
Net
worth |
1961.528 |
2382.960 |
2493.407 |
|
|
|
|
|
|
Long-term borrowings |
453.287 |
559.181 |
488.658 |
|
Short term borrowings |
31.874 |
13.719 |
346.934 |
|
Total
borrowings |
485.161 |
572.900 |
835.592 |
|
Debt/Equity
ratio |
0.247 |
0.240 |
0.335 |
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 |
4250.441 |
3434.605 |
3414.090 |
|
|
0.000 |
(19.194) |
(0.597) |
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 |
4250.441 |
3434.605 |
3414.090 |
|
Profit/ (Loss) |
266.726 |
459.946 |
110.447 |
|
|
6.28
% |
13.39
% |
3.24
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
1200.000 |
1200.000 |
|
(b) Reserves and Surplus |
8571.083 |
7662.916 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
9771.083 |
8862.916 |
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
(a) long-term borrowings |
490.801 |
560.607 |
|
(b) Deferred tax liabilities (Net) |
37.585 |
14.403 |
|
(c) Other long-term
liabilities |
55.653 |
204.504 |
|
(d) long-term
provisions |
22.483 |
20.863 |
|
Total Non-current
Liabilities (3) |
606.522 |
800.377 |
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
(a) Short-term
borrowings |
347.283 |
13.909 |
|
(b) Trade
payables |
384.053 |
461.425 |
|
(c) Other
current liabilities |
923.098 |
289.412 |
|
(d) Short-term
provisions |
11.187 |
50.346 |
|
Total Current
Liabilities (4) |
1665.621 |
815.092 |
|
|
|
|
|
TOTAL |
12043.226 |
10478.385 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1)
Non-current assets |
|
|
|
(a) Fixed
Assets |
|
|
|
(i)
Tangible assets |
1829.556 |
1735.368 |
|
(ii)
Intangible Assets |
22.363 |
31.431 |
|
(iii) Tangible assets
capital work-in-progress |
456.498 |
214.106 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
|
(b) Non-current Investments |
7281.722 |
6483.369 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
596.503 |
405.797 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
|
Total Non-Current
Assets |
10186.642 |
8870.071 |
|
|
|
|
|
(2)
Current assets |
|
|
|
(a)
Current investments |
0.000 |
0.000 |
|
(b)
Inventories |
416.744 |
301.803 |
|
(c) Trade
receivables |
745.337 |
844.780 |
|
(d) Cash and
bank balances |
543.320 |
363.947 |
|
(e)
Short-term loans and advances |
112.712 |
94.196 |
|
(f) Other
current assets |
38.471 |
3.588 |
|
Total
Current Assets |
1856.584 |
1608.314 |
|
|
|
|
|
TOTAL |
12043.226 |
10478.385 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
Total
Revenue from operations |
3417.087 |
3437.515 |
|
|
Other Income |
218.765 |
203.734 |
|
|
TOTAL |
3635.852 |
3641.249 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
1810.187 |
1621.531 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(113.467) |
53.176 |
|
|
Employee benefit expense |
689.395 |
590.260 |
|
|
CSR expenditure |
3.000 |
2.900 |
|
|
Other expenses |
670.193 |
771.763 |
|
|
TOTAL |
3059.308 |
3039.630 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
576.544 |
601.619 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
97.656 |
65.496 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
478.888 |
536.123 |
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
309.916 |
259.229 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
168.972 |
276.894 |
|
|
|
|
|
|
Less |
TAX |
59.158 |
73.987 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
109.814 |
202.907 |
|
|
|
|
|
|
|
Profit (loss) of minority
interest |
0.000 |
0.000 |
|
|
Share of profit (loss) of
associates |
798.354 |
1222.535 |
|
|
Total profit (loss) for period |
908.167 |
1425.442 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.91 |
1.69 |
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and
advances from related parties |
449.400 |
493.600 |
|
Other loans and
advances |
39.258 |
65.581 |
|
Total |
488.658 |
559.181 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G48431399 |
80052456 |
STATE BANK OF INDIA |
31/03/2006 |
23/06/2017 |
- |
737000000.0 |
TARA CHAMBERS, WAKADEWADI,MUMBAI -PUNE ROAD,PUNEMH411003IN |
|
2 |
Y10168671 |
90083650 |
GRINDLAYS BANK |
27/01/1990 |
17/10/1993 |
- |
4000000.0 |
90; MAHATMA GANDHI ROADBOMBAYMH400001IN |
|
3 |
Y10168616 |
90083595 |
GRINDLAYS BANK |
01/03/1989 |
- |
- |
8000000.0 |
90; MAHATMA GANDHI ROADBOMBAYMH400023IN |
|
4 |
B93804417 |
80031338 |
STATE BANK OF INDIA |
06/02/2006 |
09/08/2007 |
21/12/2013 |
930000000.0 |
CORPORATE ACCOUNTS GROUP,CENTRAL OFFICE, 3RD FLOORSTATE BANK BHAVAN, MADAME CAMA ROAD, NARIMAN POINTMUMBAIMH400021IN |
|
5 |
B34687467 |
10283753 |
CANARA BANK |
11/03/2011 |
- |
24/02/2012 |
50000000.0 |
PIMPRI BRANCHSTATION ROAD, PIMPRIPUNEMH411018IN |
|
6 |
B34625137 |
10297036 |
CANARA BANK |
18/06/2011 |
- |
24/02/2012 |
117000000.0 |
PIMPRI BRANCHSTATION ROAD, PIMPRIPUNEMH411018IN |
|
7 |
B20520128 |
90083117 |
THE BANK OF MAHARASHTRA LTD. |
05/04/1969 |
- |
12/09/2011 |
104020.0 |
PIMPRI BRANCHPIMPRIPOONAMH411018IN |
|
8 |
B20516555 |
90083111 |
THE BANK OF MAHARASHTRA LTD. |
29/09/1967 |
- |
12/09/2011 |
141397.0 |
BOMBAY-POONA-ROADPIMPARIPOONAMH411018IN |
|
9 |
B05167390 |
90083334 |
CANARA BANK |
20/04/1983 |
- |
18/01/2011 |
1482600.0 |
DECCAN GYMKHANAPUNEMHIN |
|
10 |
B05167739 |
90089236 |
CANARA BANK |
11/08/1983 |
- |
18/01/2011 |
3000000.0 |
JUNGLI MAHARAJ ROADDECCAN GYMKHANAPUNEMH411004IN |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
·
Other 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 records 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 87.17 |
|
Euro |
1 |
INR 77.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
POO |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
NKTS |
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.