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|
MIRA INFORM REPORT
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Report No. : |
487812 |
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Report Date : |
23.01.2018 |
IDENTIFICATION DETAILS
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Name : |
AJS IMPEX PRIVATE LIMITED (w.e.f. 07.05.2009) |
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Formerly Known
As : |
A JAYDEV STEEL PRIVATE LIMITED |
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Registered
Office : |
108, 1st Floor, Arihant Building, Ahmedabad Street, Carnac
Bunder, Mumbai – 400 009, Maharashtra |
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Tel. No.: |
91-22-23740888/23417636/880 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
08.05.2006 |
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Com. Reg. No.: |
11-161680 |
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Capital
Investment / Paid-up Capital : |
INR 110.414 Million |
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CIN No.: [Company Identification
No.] |
U74900MH2006PTC161680 |
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IEC No.: |
0306062593 |
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TIN No: |
27080593544 |
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GSTIN No.: |
27AAFCA9734M1Z5 |
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PAN No.: [Permanent Account No.] |
AAFCA9734M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader, Importer, Stockiest and Dealer of Iron and Steel. (Registered Activity and also Confirmed by Management) |
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No. of Employees : |
20 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2006. It is a trader of iron and steel. As per the financial of 2017, the company has achieved revenue growth of 17.91% as compared to the previous year but has reported a low profit margin of 0.22%. The sound financial risk profile of the company is marked by adequate networth base along with strong debt coverage indicators due to low debt balance sheet profile. These rating strengths are partially offset by susceptibility of operating margin to fluctuations in raw material prices, changes in government regulations, and to cyclicality in the steel industry. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: Site visit was conducted at the address which you have provided. Our executive has successfully traced the subject on the given address. At the premises, our executive met Mr. Vinay Patel (Staff Member) and he provided contact details. As per our executive’s observation, it is a 5 storey building and subject is situated on 1st floor. Area of premises seems to be 250 sq. ft. and numbers of employees sighted at the premises were 2. Locality seems to be commercial and area appears to be upmarket. Location was easy to find. We have sighted name board with subject’s old name i.e. “Jaydev Steel”. |
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 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
BRICKWORK |
|
Rating |
Long-term bank facilities = BBB- |
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Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
04.12.2017 |
|
Rating Agency Name |
BRICKWORK |
|
Rating |
Short-term bank facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
04.12.2017 |
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 23.01.2018
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. Manish |
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Designation : |
Accountant |
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Contact No.: |
91-9320887991 |
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Date : |
20.01.2018 |
|
Name : |
Mr. Ganesh |
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Designation : |
Accounts Department |
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Contact No.: |
91-9322133037 |
|
Date : |
20.01.2018 |
91-9820030992/ 9892796666 (Ringing)
LOCATIONS
|
Registered Office/ Warehouse : |
108, 1st Floor, Arihant Building, Ahmedabad Street, Carnac
Bunder, Mumbai – 400 009, Maharashtra, India |
|
Tel. No.: |
91-22-23740888/23417636/880 |
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Mobile No.: |
91-9322133037 (Mr. Ganesh) 91-9320887991 (Mr. Manish) |
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Fax No.: |
91-22-23488889 |
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E-Mail : |
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Website: |
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Area: |
300 Sq. Ft. |
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Location: |
Owned |
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Locality : |
Commercial |
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Corporate Office : |
211, Hub Town Solaris, N.S. Phadke Marg, Near Hotel Regency, Andheri
(East), Mumbai – 400 069, Maharashtra, India |
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Email: |
|
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Area: |
25 Sq. Ft. |
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Location: |
Owned |
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|
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Branch Office 1 : |
103/104, 1st Floor, Arihant Building, Ahmedabad Street,
Carnac Bunder, Mumbai – 400 009, Maharashtra, India |
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Branch Office 2 : |
C-15/16, MIDC Industrial Area, Taloja, District Raigad, Maharashtra,
India |
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Branch Office 3 : |
409, 4th Floor, Concord Plot No. 66 A, Sector No. 11, CBD
Belapur, Navi Mumbai – 400614, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Jayesh Amulakh Mehta |
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Designation : |
Managing Director |
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Address : |
A/10, Gautamdham, Bajaj Road, Dadabhai Road, Vile Parle (West), Mumbai
– 400 056, Maharashtra, India |
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Date of Birth/Age : |
04.09.1968 |
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Qualification : |
B. Com |
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Date of Appointment : |
11.03.2010 |
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PAN No.: |
AACPM6405B |
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DIN No.: |
01584717 |
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Other Directorship :
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Name : |
Mr. Amulakh Bhupatray Mehta |
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Designation : |
Director |
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Address : |
A/10, Gautamdham, Bajaj Road, Dadabhai Road, Vile Parle (West), Mumbai
– 400 056, Maharashtra, India |
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Date of Birth/Age : |
14.09.1938 |
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Qualification : |
B. Com |
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Date of Appointment : |
08.05.2006 |
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PAN No.: |
AAEPM3461D |
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DIN No.: |
01584664 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Mahesh Maljibhai Fuliya |
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Designation : |
Company Secretary |
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Address : |
Flat No. 111, Nest Heritage, Opposite Yashodeep Height Sector 30D, Gothivali, Navi Mumbai – 400701, Maharashtra, India |
|
Date of Appointment : |
14.11.2016 |
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PAN No.: |
ABCPF0416A |
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|
|
|
Name : |
Mr. Ganesh |
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Designation : |
Accounts Department |
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|
Name : |
Mr. Manish |
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Designation : |
Accountant |
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|
|
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Name : |
Kotak and Associates |
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Designation : |
Practicing Company Secretary |
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Address : |
At Shop No.6, Sai Kutir CHS, Lalchakky Road, Opposite to Chitra Communications and Mauli Nursing Home, Ulhasnagar, Thane – 421004, Maharashtra, India |
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Tel. No: |
91-251-2527676 |
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Mob. No: |
91-8983433408/ 8530544341 |
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Email: |
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Website: |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Amulakh B. Mehta and AJS Nirman LLP |
|
5000 |
|
Pasad Impaex Private Limited, India |
|
675000 |
|
Jayesh A. Mehta |
|
6316932 |
|
Shree Vallabh Marketing Private Limited, India |
|
250000 |
|
AJS Enterprise LLP, India |
|
3794477 |
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Total
|
|
11041409 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
57.26 |
|
Public/Other than promoters (Body corporate) |
42.74 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader, Importer, Stockiest and Dealer of Iron and Steel. (Registered Activity and also Confirmed by Management) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Iron and Steel |
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Countries : |
·
China ·
Japan |
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Terms : |
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Selling : |
Cash, Advance Payment, L/C, Cheque, Credit and RTGS (30 Days) |
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Purchasing : |
Cash, Advance Payment, L/C, Cheque, Credit and RTGS (30 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and End Users
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No. of Employees : |
20 (Approximately) |
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Bankers : |
·
Standard Chartered Bank Standard Chartered Tower, 201, B/1, Western
Express Highway, Goregaon (East), Mumbai – 400 063, Maharashtra, India · Bank of Maharashtra 45/47, Janmangal Building, Bombay Samachar Marg, Fort, Mumbai - 400023, Maharashtra, India, · State Bank of Bikaner and Jaipur 235-237, Peninsula House, Dr. D.N Road, Fort, Mumbai – 400001, Maharashtra, India · Barclays Bank PLC, 601/603, Ceejay House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Vinod K. Mehta and Company Chartered Accountants |
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Address : |
B-5, Satyam Shopping Centre, M.G. Road, Ghatkopar (East), Mumbai – 400
077, Maharashtra, India |
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Income-tax PAN
of auditor or auditor's firm : |
AADFV6947N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· AJS Enterprise LLP, India |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
INR 10/- each |
INR 125.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11041409 |
Equity Shares |
INR 10/- each |
INR 110.414 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 |
110.414 |
91.863 |
69.250 |
|
(b) Reserves & Surplus |
1277.614 |
1049.555 |
764.997 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
100.500 |
150.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1388.028 |
1241.918 |
984.247 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
74.323 |
339.149 |
131.235 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
208.785 |
0.000 |
300.407 |
|
(d) long-term
provisions |
0.695 |
0.496 |
0.458 |
|
Total Non-current
Liabilities (3) |
283.803 |
339.645 |
432.100 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
894.224 |
829.733 |
675.778 |
|
(b) Trade
payables |
3007.144 |
2721.772 |
2656.834 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
7.358 |
57.775 |
31.782 |
|
Total Current
Liabilities (4) |
3908.726 |
3609.280 |
3364.394 |
|
|
|
|
|
|
TOTAL |
5580.557 |
5190.843 |
4780.741 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
420.798 |
354.966 |
371.645 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
1.531 |
1.949 |
1.166 |
|
(d) Long-term Loan and Advances |
46.972 |
75.415 |
189.603 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
469.301 |
432.330 |
562.414 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
2.388 |
6.300 |
1.437 |
|
(b)
Inventories |
1311.651 |
1612.273 |
1422.716 |
|
(c) Trade
receivables |
2520.997 |
2050.375 |
1559.509 |
|
(d) Cash and
cash equivalents |
1138.009 |
841.034 |
883.700 |
|
(e)
Short-term loans and advances |
137.527 |
248.062 |
350.794 |
|
(f) Other
current assets |
0.684 |
0.469 |
0.171 |
|
Total
Current Assets |
5111.256 |
4758.513 |
4218.327 |
|
|
|
|
|
|
TOTAL |
5580.557 |
5190.843 |
4780.741 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
14376.206 |
12192.499 |
10491.087 |
|
|
Other Income |
4.903 |
4.614 |
5.093 |
|
|
TOTAL |
14381.109 |
12197.113 |
10496.180 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
13707.491 |
11911.995 |
10630.437 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
300.622 |
(189.557) |
(462.784) |
|
|
Employees benefits
expense |
9.233 |
7.974 |
8.767 |
|
|
Other expenses |
90.707 |
243.770 |
179.361 |
|
|
TOTAL |
14108.053 |
11974.182 |
10355.781 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
273.056 |
222.931 |
140.399 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
213.663 |
166.309 |
105.182 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
59.393 |
56.622 |
35.217 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
11.617 |
11.002 |
8.074 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
47.776 |
45.620 |
27.143 |
|
|
|
|
|
|
|
Less |
TAX |
16.516 |
12.716 |
8.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
31.260 |
32.904 |
18.743 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
CIF Value of Import Purchase of Finished Goods |
2318.507 |
4793.089 |
4956.821 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.83 |
3.41 |
2.04 |
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 |
270.543 |
(248.815) |
(143.233) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
270.543 |
(248.815) |
(143.233) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
64.01 |
61.38 |
54.26 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.70 |
5.95 |
6.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
80.07 |
83.40 |
91.22 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.21 |
0.14 |
0.10 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.65 |
0.63 |
0.38 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.71 |
0.76 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.70 |
0.94 |
0.82 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.82 |
2.91 |
3.42 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.30 |
0.29 |
0.38 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.28 |
1.34 |
1.33 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.22 |
0.27 |
0.18 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.56 |
0.63 |
0.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.25 |
2.65 |
1.90 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.31 |
1.32 |
1.25 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.97 |
0.87 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.25 |
0.24 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
8.77 |
12.72 |
11.65 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.31 |
1.32 |
1.25 |
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 |
69.250 |
91.863 |
110.414 |
|
Reserves & Surplus |
764.997 |
1049.555 |
1277.614 |
|
Share Application money pending allotment |
150.000 |
100.500 |
0.000 |
|
Net
worth |
984.247 |
1241.918 |
1388.028 |
|
|
|
|
|
|
long-term borrowings |
131.235 |
339.149 |
74.323 |
|
Short term borrowings |
675.778 |
829.733 |
894.224 |
|
Total
borrowings |
807.013 |
1168.882 |
968.547 |
|
Debt/Equity
ratio |
0.820 |
0.941 |
0.698 |
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 |
10491.087 |
12192.499 |
14376.206 |
|
|
|
16.218 |
17.910 |
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 |
10491.087 |
12192.499 |
14376.206 |
|
Profit |
18.743 |
32.904 |
31.260 |
|
|
0.18% |
0.27% |
0.22% |
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 |
Yes |
|
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
|
OBSERVATION POINTS |
|
Name of Company : |
AJS IMPEX PRIVATE LIMITED |
|
|
|
|
Address : |
108, 1st Floor, Arihant Building, Ahmedabad Street, Carnac
Bunder, Mumbai – 400 009, Maharashtra |
|
|
|
|
Mobile No.: |
91-9594285714 |
|
|
|
|
Person to whom we met: |
Mr. Vinay Patel Staff
Member) |
|
|
|
|
Name Board : |
Sighted (Sighted
name board of Old name i.e. Jaydev
Steel) |
|
|
|
|
Location: |
Easy |
|
|
|
|
Total Floors of the building: |
5 Floor |
|
|
|
|
Subject situated on: |
1st Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of premises : |
250 Sq. Ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of employees seen at premises: |
02 |
|
|
|
|
Visibility of
Items: |
|
|
|
|
|
Furniture items
sighted : |
Yes |
|
|
|
|
Proof of visit: |
Photograph |
|
|
|
|
NOTE: |
A Jaydev Steel Private Limited is old name of the subject. |
COMPANY OVERVIEW:
Subject the Company is a Private Limited Company incorporated in India under the provisions of Companies Act, 1956. The company is engaged in the Trading of steel related products. The Company caters mainly to the domestic market.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G52266202 |
100112249 |
EDELWEISS HOUSING FINANCE LIMITED |
30/05/2017 |
29/06/2017 |
- |
10100000.0 |
Edelweiss House, Off. C.S.T Road,Kalina,MumbaiMa400098IN |
|
2 |
C82551052 |
10628153 |
STATE BANK OF BIKANER AND JAIPUR |
24/02/2016 |
- |
- |
350000000.0 |
235-237, PENINSULA HOUSE, DR. D.N ROADFORTMUMBAIMH400001IN |
|
3 |
C75674366 |
10612561 |
UNION BANK OF INDIA |
17/12/2015 |
- |
- |
200000000.0 |
Bhat Bazar Branch, Anant Deep Chambers,273/277, Narsi Natha Street,MumbaiMH400009IN |
|
4 |
C75675892 |
10612568 |
UNION BANK OF INDIA |
17/12/2015 |
- |
- |
50000000.0 |
Bhat Bazar Branch, Anant Deep Chambers,273/277, Narsi Natha Street,MumbaiMH400009IN |
|
5 |
C69785657 |
10601851 |
UNION BANK OF INDIA |
30/10/2015 |
- |
- |
30000000.0 |
Bhat Bazar Branch, Anant Deep Chambers,273/277, Narsi Natha Street,MumbaiMH400009IN |
|
6 |
A96819735 |
10181113 |
UNION BANK OF INDIA |
08/10/2009 |
20/09/2010 |
- |
100000000.0 |
Bhat Bazar Branch, Anant Deep Chambers,273/277, Narsinatha Street,MumbaiMH400009IN |
|
7 |
G39843198 |
10181118 |
UNION BANK OF INDIA (LEAD BANK) |
08/10/2009 |
24/03/2017 |
- |
4425000000.0 |
Bhat Bazar Branch, Anand Deep Chambers,273/277, Narsi Natha Street,MumbaiMH400009IN |
|
8 |
G37305752 |
10429078 |
Standard Chartered Bank |
20/05/2013 |
- |
18/02/2017 |
37300000.0 |
STANDARD CHARTERED TOWER201, B/1, WESTERN EXPRESS HIGHWAY, GOREGAON (E)MUMBAIMH400063IN |
|
9 |
C39821053 |
10392338 |
BANK OF MAHARASHTRA |
08/11/2012 |
- |
10/01/2015 |
200000000.0 |
45/47, JANMANGAL BUILDINGBOMBAY SAMACHAR MARG, FORTMUMBAIMH400023IN |
|
10 |
C40330383 |
10208954 |
Barclays Bank Plc |
22/03/2010 |
- |
09/01/2015 |
250000000.0 |
601/603, Ceejay House, Shivsagar EstateDr. Annie Besant Road, WorliMumbaiMH400018IN |
UNSECURED LOAN
|
Particular |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
14.759 |
12.246 |
|
Other loans and advances |
59.564 |
294.375 |
|
Short-term
Borrowings |
|
|
|
Term loans from banks |
7.036 |
0.000 |
|
TOTAL |
81.359 |
306.621 |
FIXED ASSETS
· Buildings
· 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, India Prisons Service,
Interpol, etc.
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 63.89 |
|
UK Pound |
1 |
INR 88.60 |
|
Euro |
1 |
INR 78.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PYK |
|
|
|
|
Report Prepared
by : |
MTN |
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.