|
|
|
%20PRIVATE%20LIMITED%20-%20476585%2024-Jan-2018_files/image016.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20476585%2024-Jan-2018_files/image017.jpg)
%20PRIVATE%20LIMITED%20-%20476585%2024-Jan-2018_files/image019.gif)
MIRA INFORM REPORT
|
Report No. : |
476585 |
|
Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
JSR INTERNATIONAL (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
K-3/22B, Gali No.11A, West Ghonda, Delhi-110053 |
|
Mob. No.: |
91-9810648456/ 9810448456 [Mr. Laxmi Joshi] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
04.03.2014 |
|
|
|
|
Com. Reg. No.: |
55-265822 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U14290DL2014PTC265822 |
|
|
|
|
IEC No.: |
0514038934 |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GST No.: |
09AADCJ2859E1ZH |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCJ2859E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
· Manufacturer and Exporter of Red Oxide, Aluminium Oxide, Silica Sand Magnesium Oxide Power etc. [Confirmed by Management] · Manufacturing and Trading of all types of Minerals and Chemicals (Registered Activity and also Memorandum of Association) |
|
|
|
|
No. of Employees
: |
38 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 1603 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2014 having
moderate track record. As per Registrar of Companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but the documents related to the
financial for the year 2017 are not available from any sources. As per available financials of 2016, the company has witnessed a
growth in its revenue but reported low profit margin at 0.89% (approx..). The rating also remains constrained an account of modest net worth
base, unfavourable gap between trade payables to its trade receivables and
non-available of latest financial details. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 24.01.2018.
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 : |
Mrs. Laxmi Dutt Joshi |
|
Designation : |
Director |
|
Contact No.: |
91-9810648456 |
|
Date : |
23.01.2018 |
LOCATIONS
|
Registered Office : |
K-3/22B, Gali No.11A, West Ghonda, Delhi-110053, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9810648456/ 9810448456 [Mr. Laxmi Dutt Joshi] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory/ Warehouse : |
Plot No. E-56, Sector A/7, Tronica City, Ghaziabad - 201203, Uttar
Pradesh, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Laxmi Dutt Joshi |
|
Designation : |
Director |
|
Address : |
K-3/22B,Gali No. 11A, K-Block, West Ghonda, Delhi - 110053, India |
|
Date of Birth: |
18.03.968 |
|
Date of Appointment : |
04.03.2014 |
|
DIN No.: |
06816414 |
|
|
|
|
Name : |
Mrs. Anandi Joshi |
|
Designation : |
Director |
|
Address : |
K-3/22B,Gali No. 11A, K-Block, West Ghonda, Delhi - 110053, India |
|
Date of Appointment : |
04.03.2014 |
|
DIN No.: |
06816457 |
|
|
|
|
Name : |
Mr. Himanshu Joshi |
|
Designation : |
Director |
|
Address : |
K-3/22,Gali No. 11A, K-Block, West Ghonda, Delhi - 110053, India |
|
Date of Appointment : |
22.08.2016 |
|
DIN No.: |
06939675 |
|
|
|
|
Name : |
Mrs. Renu Joshi |
|
Designation : |
Director |
|
Address : |
K-3/22,Gali No. 11A K-Block, West Ghonda Delhi - 110053, India |
|
Date of Appointment : |
24.08.2016 |
|
DIN No.: |
07596983 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
% age holding |
|
Laxmi Dutt Joshi |
50000 |
25.00 |
|
Himanshu Joshi |
50000 |
25.00 |
|
Anandi Joshi |
50000 |
25.00 |
|
Renu Joshi |
50000 |
25.00 |
|
|
|
|
|
Total |
200000 |
100.00 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
|
|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20476585%2024-Jan-2018_files/image021.gif)
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer and Exporter of Red Oxide, Aluminium Oxide, Silica Sand Magnesium Oxide Power etc. [Confirmed by Management] · Manufacturing and Trading of all types of Minerals and Chemicals (Registered Activity and also Memorandum of Association) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
· European Countries · Germany |
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Advance Payment, Cheque, RTGS and Credit (60 Days) |
||||
|
|
|
||||
|
Purchasing : |
Advance Payment, Cheque, RTGS and Credit (60 Days) |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
38 [Approximately] |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· Oriental Bank of Commerce · Indian Overseas Bank Roop Nagar Branch, 2/7, Roop Nagar, Delhi - 201102, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Rahul S. Jain and Associates Chartered Accountants |
|
Address : |
Apna Bazar, Opposite Oriental Bank, Khekra - 250101, Uttar Pradesh,
India |
|
Tel. No.: |
91-121-223243 |
|
Mobile No.: |
91-9412538830/ 9311138830 |
|
Income-tax
PAN of auditor or auditor's firm : |
AFFPJ6202B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2017
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 10/- each |
INR 2.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 10/- each |
INR 2.000 Million |
|
|
|
|
|
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
0.461 |
0.175 |
0.000 |
|
(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) |
0.561 |
0.275 |
0.100 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.024 |
0.050 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.024 |
0.050 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
6.715 |
7.451 |
0.000 |
|
(b)
Trade payables |
13.553 |
8.464 |
0.000 |
|
(c)
Other current liabilities |
0.000 |
1.520 |
0.000 |
|
(d)
Short-term provisions |
0.614 |
0.704 |
0.000 |
|
Total
Current Liabilities (4) |
20.882 |
18.139 |
0.000 |
|
|
|
|
|
|
TOTAL |
21.467 |
18.464 |
0.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
5.456 |
5.892 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
5.456 |
5.892 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
11.056 |
6.929 |
0.000 |
|
(c)
Trade receivables |
3.853 |
5.347 |
0.000 |
|
(d)
Cash and cash equivalents |
0.894 |
0.092 |
0.025 |
|
(e)
Short-term loans and advances |
0.142 |
0.138 |
0.075 |
|
(f)
Other current assets |
0.066 |
0.066 |
0.000 |
|
Total
Current Assets |
16.011 |
12.572 |
0.100 |
|
|
|
|
|
|
TOTAL |
21.467 |
18.464 |
0.100 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
32.467 |
13.039 |
0.000 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
32.467 |
13.039 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
30.372 |
13.486 |
|
|
|
|
Changes in inventories |
(5.779) |
(4.643) |
|
|
|
|
Employees benefits expense |
1.877 |
1.139 |
|
|
|
|
Direct expenses |
3.840 |
1.869 |
|
|
|
|
Other expenses |
0.450 |
0.282 |
|
|
|
|
TOTAL |
30.760 |
12.133 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1.707 |
0.906 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.742 |
0.340 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.965 |
0.566 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.546 |
0.288 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.419 |
0.278 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.130 |
0.103 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.289 |
0.175 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
28.94 |
17.54 |
0.00 |
|
%20PRIVATE%20LIMITED%20-%20476585%2024-Jan-2018_files/image009.gif){kind=small}
|
PARTICULARS |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
30.000 |
|
|
|
|
|
Expected Sales (2017-2018): INR 35.000 Million (Due to business growth)
The above information has been parted by Mr. Laxmi Dutt Joshi (Director)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
43.32 |
149.68 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.43 |
2.44 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
162.88 |
229.08 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.15 |
0.13 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.31 |
0.15 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.97 |
0.98 |
0.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
11.97 |
27.09 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
37.22 |
65.96 |
0.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
9.73 |
21.43 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.30 |
2.66 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.89 |
1.34 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.35 |
0.95 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
51.52 |
63.64 |
0.00 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.77 |
0.69 |
0.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.24 |
0.31 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.03 |
0.01 |
1.00 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
67.15 |
74.51 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.77 |
0.69 |
0.00 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.000 |
0.175 |
0.461 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
0.100 |
0.275 |
0.561 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
7.451 |
6.715 |
|
Current Maturities of Long
term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
7.451 |
6.715 |
|
Debt/Equity
ratio |
0.000 |
27.095 |
11.970 |
%20PRIVATE%20LIMITED%20-%20476585%2024-Jan-2018_files/image023.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
0.000 |
13.039 |
32.467 |
|
|
|
|
148.999 |
%20PRIVATE%20LIMITED%20-%20476585%2024-Jan-2018_files/image025.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
0.000 |
13.039 |
32.467 |
|
Profit |
0.000 |
0.175 |
0.289 |
|
|
|
1.34% |
0.89% |
%20PRIVATE%20LIMITED%20-%20476585%2024-Jan-2018_files/image027.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
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 |
No |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last two 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
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G73278384 |
100146071 |
INDIAN OVERSEAS
BANK |
05/12/2017 |
- |
- |
9200000.0 |
ROOP NAGAR
BRANCH2/7, ROOP NAGARDELHIUP201102IN |
|
2 |
G70486972 |
10555527 |
ORIENTAL BANK OF
COMMERCE |
05/08/2014 |
26/03/2015 |
22/11/2017 |
3000000.0 |
BRANCH TRONICA
CITYTRONICA CITYGHAZIABADUP201102IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loan repayable
on demand |
|
|
|
From others |
|
|
|
Loans and advances from related parties |
1.920 |
2.679 |
|
|
|
|
|
Total |
1.920 |
2.679 |
FINANCIAL SUMMARY
During the year, the company has achieved the net turnover of INR 32.467
million as compared to turnover of INR 13.039 million in the immediately
preceding year. The company has incurred net profit of INR 0.289 million after
providing depreciation and tax. The company has adjusted the loss INR 1.679
million by transferring it to general reserves to the balance sheet. The
company has not declared any dividend due to loss during the financial year.
The board of directors of the company is hopeful the company shall in the
current and coming years.
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Electric Goods
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 63.77 |
|
UK Pound |
1 |
INR 89.20 |
|
Euro |
1 |
INR 78.22 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SHK |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
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.