|
|
|
MIRA INFORM REPORT
|
Report No. : |
486115 |
|
Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
LAULS LIMITED |
|
|
|
|
Registered
Office : |
33-B, NIT, Faridabad - 121001, Haryana |
|
Tel. No.: |
91-129-4098300/ 4098302 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
04.04.1933 |
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|
|
|
Com. Reg. No.: |
05-000105 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 6.440 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909HR1933PLC000105 |
|
|
|
|
IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
GSTIN : |
Not Divulged |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACL3118P |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the business of Manufacturing and Trading of Iron, Steel, Ferro Alloys and Railway Track Fitting. (Registered activity and also Confirmed by management) |
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|
|
|
No. of Employees
: |
500 (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 : |
Good |
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|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1933 and it is a manufacturer and
trader of iron, steel, ferro alloys, elastic rail clip, iron elastic rail
clip, ferro manganese, fish plate and metal liners etc. As per financials of march 2017, the company has registered growth of
71.04% in its revenue as compared to its previous year’s revenue and has
reported average profit margin of 3.04% under review. Rating takes into consideration the company’s long established track record
of business operation marked by sound net worth base along with average debt
coverage indicators and good liquidity position. Rating also takes into account the consignment contracts and fixed
lease pay out term from Tata Steel Limited supported by established market
position. Further, the company has reported a good earnings per share of INR
1062.800 Million against its face value of INR 100. However, rating strength is partially offset by highly competitive and
huge working requirement steel industry. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at normal 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 |
SMERA |
|
Rating |
Long Term Rating = BBB- (Issuer Non-Cooperative) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
24.06.2017 |
|
Rating Agency Name |
SMERA |
|
Rating |
Short Term Rating = A3+ (Issuer Non-Cooperative) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
24.06.2017 |
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 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
|
Name : |
Mr. Puneet Kumar Gupta |
|
Designation : |
General Manager in Marketing Department |
|
Contact No.: |
91-129-4098325 |
|
Date : |
12.01.2018 |
LOCATIONS
|
Registered Office / Factory : |
33-B, NIT, Faridabad - 121001, Haryana, India |
|
Tel. No.: |
91-129-4098300/ 4098302 / 325 / 2233438 |
|
Fax No.: |
91-129-4098302 |
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E-Mail : |
|
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sudhir Gupta |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
W 66, Greater Kailash, Part II, New Delhi – 110048, India |
||||||||||||||||||||||||||||
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Date of Birth/Age : |
03.08.1959 |
||||||||||||||||||||||||||||
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Qualification : |
Graduate |
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Date of Appointment : |
15.04.2004 |
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DIN No.: |
00114228 |
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Other Directorship:
|
|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Abhay Sagar Gupta |
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|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
33-B, Industria Area, Faridabad – 121001, Haryana, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.06.1964 |
||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.06.1989 |
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|
PAN No.: |
AEFPG1867C |
||||||||||||||||||||||||||||
|
DIN No.: |
00300585 |
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|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Kanishk Sagar Gupta |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
33-B N.I.T., Faridabad – 121001, Haryana, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.06.1988 |
||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2009 |
||||||||||||||||||||||||||||
|
PAN No.: |
AKJPG8971B |
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DIN No.: |
02760376 |
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|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Atirav Sagar Gupta |
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|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
33-B, Nit, Faridabad – 121001, Haryana, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.09.1991 |
||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
14.10.2014 |
||||||||||||||||||||||||||||
|
PAN No.: |
ASIPG9619B |
||||||||||||||||||||||||||||
|
DIN No.: |
06994528 |
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Puneet Kumar Gupta |
|
Designation : |
General Manager in Marketing Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Kuka Alloys Private Limited, |
|
5100 |
|
Abha Kumar |
|
238.5 |
|
Abhay Sagar Gupta |
|
50919 |
|
Abhay Sagar Gupta HUF |
|
2210 |
|
Ananta Mittal |
|
10 |
|
Aruna Arora |
|
238.5 |
|
Atirav Sagar Gupta |
|
10 |
|
Chandra Kanta Batra |
|
55 |
|
K N Batra |
|
5 |
|
Kanishk Sagar Gupta |
|
10 |
|
Kavita |
|
10 |
|
Kushagra Gupta |
|
3540 |
|
Mirinalini Gupta |
|
10 |
|
Rajeev Mittal |
|
50 |
|
Rakesh Chandra Marwaha |
|
188.5 |
|
Rashmi Gupta |
|
72 |
|
Reena Mittal |
|
10 |
|
Shashwat Gupta |
|
10 |
|
Sudhir Gupta |
|
1510 |
|
Santosh Sagar Gupta |
|
193.5 |
|
Rakesh Kant Khandelwal |
|
10 |
|
Total |
|
64400 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
92.07 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
0.01 |
|
Public - Bodies corporate |
7.92 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Manufacturing and Trading of Iron, Steel, Ferro Alloys and Railway Track Fitting. (Registered activity and also Confirmed by management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Cheque and Credit (30 Days) |
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Purchasing : |
L/C, Cheque and Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
500 (Approximately) |
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Bankers : |
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Facilities : |
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|
Auditors : |
|
|
Name : |
Malhotra Khandelwal and Company Chartered Accountants |
|
Address : |
42, First Floor, Neelam Flyover, NIT, Faridabad, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFM1846P |
|
|
|
|
Cost Auditors : |
A.G. Agarwal and Associates |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
INR 100/- each |
INR 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
64400 |
Equity Shares |
INR 100/- each |
INR 6.440
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 |
6.440 |
6.440 |
6.440 |
|
(b) Reserves and Surplus |
391.136 |
322.692 |
267.250 |
|
(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) |
397.576 |
329.132 |
273.690 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
473.823 |
546.353 |
450.475 |
|
(b) Deferred tax liabilities (Net) |
28.932 |
27.903 |
10.966 |
|
(c) Other long-term
liabilities |
7.611 |
0.000 |
2.800 |
|
(d) long-term
provisions |
8.227 |
8.097 |
6.828 |
|
Total Non-current
Liabilities (3) |
518.593 |
582.353 |
471.069 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
168.958 |
189.641 |
75.179 |
|
(b) Trade
payables |
228.359 |
191.291 |
62.730 |
|
(c) Other
current liabilities |
7.525 |
10.901 |
2.687 |
|
(d) Short-term
provisions |
28.575 |
24.300 |
24.400 |
|
Total Current
Liabilities (4) |
433.417 |
416.133 |
164.996 |
|
|
|
|
|
|
TOTAL |
1349.586 |
1327.618 |
909.755 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
904.609 |
878.208 |
606.458 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
0.013 |
0.013 |
0.013 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
5.116 |
66.345 |
62.531 |
|
(e) Other
Non-current assets |
0.526 |
0.000 |
0.017 |
|
Total Non-Current
Assets |
910.264 |
944.566 |
669.019 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
57.198 |
64.770 |
65.488 |
|
(c) Trade
receivables |
309.385 |
225.118 |
72.179 |
|
(d) Cash and
bank balances |
7.182 |
37.110 |
32.439 |
|
(e)
Short-term loans and advances |
65.557 |
56.054 |
70.630 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
439.322 |
383.052 |
240.736 |
|
|
|
|
|
|
TOTAL |
1349.586 |
1327.618 |
909.755 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2254.282 |
1317.778 |
1157.847 |
|
|
Other Income |
61.645 |
45.694 |
33.419 |
|
|
TOTAL |
2315.927 |
1363.472 |
1191.266 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
169.586 |
188.254 |
203.775 |
|
|
Purchases of
Stock-in-Trade |
1532.700 |
634.694 |
498.717 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.135) |
(9.290) |
13.527 |
|
|
Employee benefit expense |
40.906 |
36.364 |
27.904 |
|
|
CSR expenditure |
1.374 |
0.549 |
0.000 |
|
|
Other expenses |
362.433 |
323.708 |
275.957 |
|
|
TOTAL |
2105.864 |
1174.279 |
1019.880 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
210.063 |
189.193 |
171.386 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
63.142 |
55.859 |
51.506 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
146.921 |
133.334 |
119.880 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
48.931 |
36.691 |
(12.336) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
97.990 |
96.643 |
132.216 |
|
|
|
|
|
|
|
Less |
TAX |
29.546 |
41.201 |
30.570 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
68.444 |
55.442 |
101.646 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1062.79 |
860.90 |
1580.87 |
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 |
|
Net cash flows from (used in) operations |
177.410 |
175.549 |
171.732 |
|
Net cash flows from (used in) operating activities |
208.431 |
205.816 |
171.017 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
50.09 |
62.35 |
22.75 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.29 |
5.85 |
16.04 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
48.96 |
84.84 |
32.59 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
3.67 |
2.92 |
2.62 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.23 |
0.22 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.67 |
0.72 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.62 |
2.24 |
1.92 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.09 |
1.26 |
0.60 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.28 |
2.67 |
2.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.33 |
3.39 |
3.33 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
3.04 |
4.21 |
8.78 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.07 |
4.18 |
11.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
17.22 |
16.84 |
37.14 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.01 |
0.92 |
1.46 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.88 |
0.76 |
1.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.29 |
0.25 |
0.30 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
99.81 |
114.28 |
81.62 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.01 |
0.92 |
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 |
6.440 |
6.440 |
6.440 |
|
Reserves & Surplus |
267.250 |
322.692 |
391.136 |
|
Net
worth |
273.690 |
329.132 |
397.576 |
|
|
|
|
|
|
Long-term borrowings |
450.475 |
546.353 |
473.823 |
|
Short term borrowings |
75.179 |
189.641 |
168.958 |
|
Total
borrowings |
525.654 |
735.994 |
642.781 |
|
Debt/Equity
ratio |
1.921 |
2.236 |
1.617 |
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 |
1157.847 |
1317.778 |
2254.282 |
|
|
0.000 |
13.813 |
71.067 |
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 |
1157.847 |
1317.778 |
2254.282 |
|
Profit/ (Loss) |
101.646 |
55.442 |
68.444 |
|
|
8.78
% |
4.21
% |
3.04
% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
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 |
CORPORATE INFORMATION
Subject is Public limited company domiciled in India and incorporated under the provision of Companies Act, 1956 on 04/04/1933. The company is engaged in Manufacturing and Trading of Iron, Steel, Ferro Alloys and Railway Track Fitting.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate borrowings |
48.214 |
0.000 |
|
Loans and advances from directors |
15.381 |
8.872 |
|
Loans and advances from others |
0.000 |
50.735 |
|
Other loans and advances |
33.502 |
13.024 |
|
|
|
|
|
Total |
97.097 |
72.631 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G70085105 |
100143573 |
HDFC BANK LIMITED |
05/10/2017 |
- |
- |
4103500.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G66445479 |
100139285 |
HDFC BANK LIMITED |
11/09/2017 |
- |
- |
14875000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G54015722 |
100134557 |
HDFC BANK LIMITED |
26/07/2017 |
- |
- |
14000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
G39117593 |
100085391 |
PNB HOUSING FINANCE LIMITED |
25/02/2017 |
- |
- |
55000000.0 |
9TH FLOOR ANTRIKSH BHAWAN22 K G MARGNEW DELHIDe110001IN |
|
5 |
G39762984 |
100088830 |
HDFC BANK LIMITED |
30/01/2017 |
- |
- |
13000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
G02229680 |
100022540 |
HDFC BANK LIMITED |
04/04/2016 |
- |
- |
4155000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
C77066827 |
10615999 |
ICICI BANK LIMITED |
15/01/2016 |
- |
- |
30000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
8 |
C78179561 |
10618390 |
HDFC BANK LIMITED |
30/09/2015 |
- |
- |
7500000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
C63965859 |
10590487 |
HDFC BANK LIMITED |
31/08/2015 |
- |
- |
2658000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
C69402998 |
10601082 |
HDFC BANK LIMITED |
31/07/2015 |
- |
- |
789000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees |
25.781 |
0.000 |
FIXED ASSETS
- Land
- Buildings
- Office building
- Factory building
- Other building
- Factory equipments
- Furniture and fixtures
- Vehicles
- 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 63.41 |
|
|
1 |
INR 87.17 |
|
Euro |
1 |
INR 77.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
SUJ |
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 |
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.