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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

486996

Report Date :

20.01.2018

 

IDENTIFICATION DETAILS

 

Name :

SHRI JAGANNATH STEELS AND POWER LIMITED (w.e.f. 01.02.2011)

 

 

Formerly Known As :

BEEKAY STEELS AND LIMITED (w.e.f. 09.07.2003)

 

BEEKAY STEELS AND POWER LIMITED (w.e.f. 27.06.2003)

 

GOLDEN TREXIM PRIVATE LIMITED

 

 

Registered Office :

KJSA Office, Near MMTC Weigh Bridge, At/Po – Barbil, Keonjhar, Keonjhar – 758035, Odisha

Tel. No.:

91-6767-270049

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

24.03.1992

 

 

Com. Reg. No.:

15-019431

 

 

Capital Investment / Paid-up Capital :

INR 1067.707 Million

 

 

CIN No.:

[Company Identification No.]

U51909OR1992PLC019431

 

 

IEC No.:

Not Divulged

 

 

TIN No.:

21851402733

 

 

GSTIN :

21AABCG0045K1Z5

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

AABCG0045K

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

·         Manufacturing Metal and Metal Product (Registered Activity)

·         Manufacturer, Exporter of Sponge Iron, MS Billet, Power Plant (Confirmed by management)

 

 

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

 

Maximum Credit Limit :

USD 11310000

 

 

Status :

Good

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 1992. It is a manufacturer and exporter of sponge iron, MS billet, steel etc.


For the financial year 2017, the company achieved massive growth in its revenue as compared to the previous year but has incurred operational loss.


The sound financial risk profile of the company is marked by adequate net worth base due to equity infusion done by its promoters along with debt free balance sheet profile.


Rating takes into account the subject’s long established track record of business operations along with extensive experience of its promoters.


Payments are reported to be usually correct.


In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

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 20.01.2018

 

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. Jayanta Panda

Designation :

Purchase Department

Contact No.:

91-8280342505

Date :

19.01.2018

 

 

LOCATIONS

 

Registered Office :

KJSA Office, Near MMTC Weigh Bridge, At/Po – Barbil, Keonjhar, Keonjhar – 758035, Odisha, India

Tel. No.:

91-6767-270049

Mobile No.:

91-8280342505 (Mr. Jayanta Panda)

Fax No.:

91-6767-270049

E-Mail :

kjsahluwalia@rediffmail.com

bkbarbil@gmail.com

Website :

http://www.kjsahluwaliagroup.com

 

 

Corporate Office :

Copia Building, Plot No-9, Ground Floor, Jasola District Center, New Delhi-110044, India

 

 

Works :

Under KJS Ahluwalia Group, Village : Uliburu, P.O. Nalda, Barbil, Keonjhar-758035, Odisha, India

 

Branch Office :

DD2, Civil Township Rourkela, Sundergarh-769004, Odisha, India

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Manoj Kumar Choudhary

Designation :

Director

Address :

AC - 1L, 9th Phase, Adarsh Nagar, Sonari, Jamshedpur-831011, Jharkhand, India

Date of Appointment :

04.07.2017

DIN No.:

01140795

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U27100JH2004PTC010889

KEYAL MILD STEELS PRIVATE LIMITED

25/08/2005

-

U52190WB2009PTC133418

RAJLAXMI VINCOM PRIVATE LIMITED

09/03/2009

-

U52190WB2009PTC136305

RISING MARKETING PRIVATE LIMITED

01/07/2009

-

 

 

Name :

Anuj Malhan

Designation :

Additional Director

Address :

F 48J, Khasra No 75, Radhey Mohan Drive Fatehpur, Beri, Delhi-110074, India

Date of Appointment :

02.12.2017

DIN No.:

00308948

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U14290OR2017PTC026713

RASHMIREKHA METTALICKS PRIVATE LIMITED

15/03/2017

-

U45400DL2011PTC229202

ROYAL PARK FARMS PRIVATE LIMITED

15/05/2017

-

U74900DL2007PTC167173

SPIRIT DYNAMIC INFRASTRUCTURE PRIVATE LIMITED

20/08/2007

-

U70109DL2013PTC250130

R CUBE BUILDTECH PRIVATE LIMITED

30/03/2013

-

U70109DL2012PTC245071

RIDAAN BUILDERS PRIVATE LIMITED

20/11/2012

-

U70109DL2012PTC245072

RIDAAN DEVELOPERS PRIVATE LIMITED

20/11/2012

-

U70109DL2010PTC211522

GP INFRABUILDTECH PRIVATE LIMITED

18/12/2010

-

U45201DL2004PTC127631

SPIRIT GLOBAL CONSTRUCTIONS PRIVATE LIMITED

13/01/2014

-

U70101DL2010PTC211376

SPIRIT BUILDTECH PRIVATE LIMITED

13/12/2010

-

U70200DL2010PTC211340

SPIRIT INFRABUILDTECH PRIVATE LIMITED

13/12/2010

-

U14200OR2010PTC011775

RICHMEGH MINERALS PRIVATE LIMITED

24/03/2010

-

U45201DL2005PTC133927

SPIRIT INFRASTRUCTURE PRIVATE LIMITED

15/03/2005

-

U85199DL1999PTC099105

PERFECT SKIN CENTRE PRIVATE LIMITED

12/10/1999

-

U55101DL2008PTC172877

RCUBE PROJECTS PRIVATE LIMITED

01/04/2016

-

U27107DL2004PTC126480

VIRAJ STEEL AND ENERGY PRIVATE LIMITED

01/12/2017

-

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAA-5843

RICHMAG RECREATIONS LLP

04/08/2011

-

AAA-5850

SPIRIT BUILDCARE LLP

04/08/2011

-

 

 

Name :

Karanpal Singh

Designation :

Additional Director

Address :

75, Friends Colony, New Delhi-110065, India

Date of Appointment :

02.12.2017

DIN No.:

03233488

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U74999HR2016PTC065775

LUXFINITY (INDIA) PRIVATE LIMITED

15/09/2016

-

U74999DL2016PTC302613

HUNCH CIRCLE PRIVATE LIMITED

06/07/2016

-

U74999DL2016PTC291449

QCND PRIVATE LIMITED

28/07/2017

-

U67190DL2016PTC289161

HUNCH VENTURES AND INVESTMENT PRIVATE LIMITED

01/01/2016

-

U70101DL2006PTC148549

STERLING INFRASTRUCTURE PRIVATE LIMITED

30/11/2011

-

U74140DL2014PTC270956

NAMEH HOUSING PRIVATE LIMITED

27/08/2014

-

U55101DL2014PTC267092

INTERESTING FOODS PRIVATE LIMITED

29/03/2014

-

U74900DL2013PLC248812

INDIANROOTS SHOPPING LIMITED

29/09/2016

-

U70102DL2012PTC241597

NAMEH PROPERTIES PRIVATE LIMITED

04/09/2012

-

U55101DL2012PTC241657

NAMEH HOTELS & RESORTS PRIVATE LIMITED

05/09/2012

-

U45400DL2012PTC241673

NAMEH PROJECTS PRIVATE LIMITED

05/09/2012

-

U70109DL2011PTC227547

SUAVE VENTURES PRIVATE LIMITED

16/11/2011

-

U45204DL2011PTC214320

KJS CONCRETE PRIVATE LIMITED

17/02/2011

-

U74995HR2009PTC049589

QUINTESSENTIALLY LIFESTYLE SERVICES (INDIA) PRIVATE LIMITED

30/09/2016

-

U31200OR2005PTC008243

EMPOWERTRANS PRIVATE LIMITED

30/09/2015

-

U55101DL2005PTC142861

NAMEH HOTELS PRIVATE LIMITED

06/08/2012

-

U27107DL2004PTC126480

VIRAJ STEEL AND ENERGY PRIVATE LIMITED

01/12/2017

-

U70101RJ2005PTC021567

KJS IMPERIAL PROPERTIES PRIVATE LIMITED

28/11/2011

-

U24117RJ1991PLC005891

KAMAL SPONGE STEEL AND POWER LIMITED

30/09/2013

-

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAE-2773

RAJPUR RETREATS LLP

29/06/2015

20/04/2017

AAE-2730

MEHLI PROJECTS LLP

29/06/2015

-

AAG-9716

QUORUM CLUB LLP

30/09/2016

-

 

 

KEY EXECUTIVES

 

Name :

Mr. Manash Kumar Sahoo

Designation :

Company Secretary

Address :

At- Tangisahi PO- Gurujanga, Khordha-752055, Odisha, India

Date of Appointment :

06.07.2017

PAN No.:

EABPS6719B

 

 

Name :

Mr. Rajendra Kumar Swain

Designation :

Chief Financial Officer

Address :

A-06, Beekay Steel Colony At- Santbahal, PO- Barbil-758035, Odisha, India

Date of Appointment :

04.07.2017

PAN No.:

AWAPS9713L

 

 

Name :

Mr. Jayanta Panda

Designation :

Purchase Department

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2017

 

Names of Shareholders

 

No. of Shares

Kamaljeet Singh Ahluwalia

 

41673740

Prashant Kumar Ahluwalia

 

64862160

Pawan Kumar Ahluwalia

 

50000

Amit Ahluwalia

 

10000

Manjula Ahluwalia

 

54800

Gopa Ahluwalia

 

100000

Indu Ahluwalia

 

10000

Soniya Ahluwalia

 

10000

Total

 

106770700

 

Equity Share Break up (Percentage of Total Equity)

 

As on 28.09.2017

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family – Indian)

99.87

Public/Other than promoters (Individual/Hindu Undivided Family – Indian)

0.13

Total 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

·         Manufacturing Metal and Metal Product (Registered Activity)

·         Manufacturer, Exporter of Sponge Iron, MS Billet, Power Plant (Confirmed by management)

 

 

Products / Services :

Item Code No.

Products/Services Description

75549091

Steel Billets and Sponge Iron

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Bhutan

·         Nepal

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

L/C, Credit (30 Days), Others (RTGS, NEFT)

 

 

Purchasing :

L/C, Credit (30 Days), Others (RTGS, NEFT)

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

End Users, OEM’s

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

500 (Approximately)

 

 

Bankers :

Banker Name :

ICICI Bank Limited

Branch :

Main Road, Barbil Joda Highway, Near Kirti Samrani Complex, Barbil – 758035, Orrisa, India 

Person Name (With Designation) :

--

Contact Number :

91-9937036930 (Continuously Ringing)

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

·         HDFC Bank Limited

·         IDBI bank Limited

 

Auditors :

 

Name :

G K Tulsyan and Company

Chartered Accountants

Address :

Gan Gadhar Babu Lane, 4th Floor, Kolkata-700012, West Bengal, India

Income-tax PAN of auditor or auditor's firm :

AACFG0981G

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

As on 28.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

200000000

Equity Shares

INR 10/- each

INR 2000.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

106770700

Equity Shares

INR 10/- each

INR 1067.707 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

1067.707

325.000

67.698

(b) Reserves and Surplus

2892.000

927.273

188.907

(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)

3959.707

1252.273

256.605

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long-term liabilities

100.000

1780.472

2820.481

(d) long-term provisions

7.205

5.987

0.000

Total Non-current Liabilities (3)

107.205

1786.459

2820.481

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short-term borrowings

0.000

0.000

0.000

(b) Trade payables

247.551

493.527

374.105

(c) Other current liabilities

93.493

58.511

73.542

(d) Short-term provisions

27.094

17.893

9.527

Total Current Liabilities (4)

368.138

569.931

457.174

 

 

 

 

TOTAL

4435.050

3608.663

3534.260

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1004.851

344.953

396.590

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Tangible assets capital work-in-progress

1904.754

2071.696

1521.948

(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)

60.229

59.870

45.717

(d) Long-term loans and advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

2969.834

2476.519

1964.255

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

315.575

204.414

144.374

(c) Trade receivables

56.416

41.907

52.583

(d) Cash and bank balances

107.018

25.643

61.271

(e) Short-term loans and advances

983.019

856.992

561.777

(f) Other current assets

3.188

3.188

750.000

Total Current Assets

1465.216

1132.144

1570.005

 

 

 

 

TOTAL

4435.050

3608.663

3534.260

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Revenue from operations

1020.976

331.626

357.268

 

Other Income

4.302

13.332

9.650

 

TOTAL

1025.278

344.958

366.918

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

820.276

336.444

179.830

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(66.302)

(103.702)

74.716

 

Employee benefit expense

35.671

27.055

24.925

 

Other expenses

183.650

81.215

79.621

 

TOTAL

973.295

341.012

359.092

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

51.983

3.946

7.826

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

51.983

3.946

7.826

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

55.788

51.637

60.390

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

(3.805)

(47.691)

(52.564)

 

 

 

 

 

Less

TAX

(0.359)

(14.152)

(16.036)

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

(3.446)

(33.539)

(36.528)

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

(0.03)

(1.03)

(5.40)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

42.333

42.333

42.333

Net cash flows from (used in) operations

(405.540)

514.815

(674.691)

Net cash flows from (used in) operating activities

(405.540)

514.815

(683.319)

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

20.17

46.12

53.72

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

18.10

7.91

6.79

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

110.15

535.42

759.32

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.16

0.02

0.05

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.02

0.00

0.00

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.09

0.17

0.14

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.01

0.03

0.16

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.09

0.46

1.78

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.73

1.93

7.48

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

0.00

0.00

0.00

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

(0.34)

(10.11)

(10.22)

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

(0.08)

(0.93)

(1.03)

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

(0.09)

(2.68)

(14.24)

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

3.98

1.99

3.43

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

3.12

1.63

3.12

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.89

0.35

0.07

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.04

0.13

0.63

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

3.98

1.99

3.43

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2015

31.03.2016

31.03.2017

 

(INR In Million)

(INR In Million)

(INR In Million)

Share Capital

67.698

325.000

1067.707

Reserves & Surplus

188.907

927.273

2892.000

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

256.605

1252.273

3959.707

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

0.000

0.000

0.000

Current maturities of long-term debts

42.333

42.333

42.333

Total borrowings

42.333

42.333

42.333

Debt/Equity ratio

0.165

0.034

0.011

 

 

 

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

357.268

331.626

1020.976

 

 

(7.177)

207.870

 

 

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

357.268

331.626

1020.976

Profit/ (Loss)

(36.528)

(33.539)

(3.446)

(10.22 %)

(10.11 %)

(0.34 %)

 

 

 

 

 

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

No

11]

Pan Card No. of Proprietor / Partners

No

12]

Voter Id Card No. of Proprietor / Partners

No

13]

Type of business

Yes

14]

Line of Business

Yes

15]

Export/import details (if applicable)

Yes

16]

No. of employees

Yes

17]

Details of sister concerns

No

18]

Major suppliers

No

19]

Major customers

No

20]

Banking Details

Yes

21]

Banking facility details

No

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

Yes

35]

Negative Reporting by Auditors in the Annual Report

No

 

 

INDEX OF CHARGES

 

S

No

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

A51282473

10130648

HDFC BANK LIMITED

03/10/2008

-

-

670000.0

HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN

2

B67124008

90251416

STATE BANK OF INDIA

03/07/2004

20/03/2010

22/01/2013

307400000.0

Commercial Branch, Kolkata24, Park StreetKolkataWB700016IN

3

B67124305

90250744

STATE BANK OF INDIA

03/07/2004

29/03/2010

22/01/2013

460000000.0

Commercial Branch, Kolkata24, Park StreetKolkataWB700016IN

4

B67124248

10020997

STATE BANK OF INDIA

27/09/2006

29/03/2010

22/01/2013

460000000.0

Commercial Branch, Kolkata24, Park StreetKolkataWB700016IN

5

B39423322

90250852

UCO BANK

25/02/2005

-

20/04/2012

125000000.0

BALLYGUNGE BRANCH15/1A; GARIAHAT ROADKOLKATAWB700019IN

6

B39423025

10070653

UCO BANK

07/09/2007

-

20/04/2012

42000000.0

MID CORPORATE BRANCH10, B. T. M. SARANI, (BRABOURNE ROAD)KOLKATAWB700001IN

7

B36587244

90251477

INDIAN OVERSEAS BANK

08/03/2005

07/04/2009

27/03/2012

155000000.0

INTERNATIONAL BUSINESS BRANCH 2, WOOD STREET KOLKATA WB 700016 IN

8

B16984874

90251435

ANDHRA BANK

25/09/2004

15/06/2009

08/07/2011

181100000.0

NEW ALIPORE BRANCH497C, BLOCK - M, NEW ALIPOREKOLKATAWB700053IN

 

 

CONTINGENT LIABILITIES:

 

PARTICULARS

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Guarantees

32.701

32.551

Total

32.701

32.551

 

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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 63.72

UK Pound

1

INR 88.64

Euro

1

INR 78.14

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

PRI

 

 

Report Prepared by :

JYTK

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.
 
 

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