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MIRA INFORM REPORT
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Report No. : |
488075 |
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Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
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Name : |
SHAHI EXPORTS PRIVATE LIMITED |
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Registered
Office : |
F-88, Okhla Industrial Area, Phase – 1, New Delhi – 110020 |
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Tel. No.: |
91-129-2273980 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
15.07.2005 |
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Com. Reg. No.: |
55-138730 |
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Capital
Investment / Paid-up Capital : |
INR 102.321 Million |
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CIN No.: [Company Identification
No.] |
U18101DL2005PTC138730 |
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IEC No.: |
0588085481 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELS27895A |
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GSTIN: |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAJCS1175L |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
The company is mainly engaged in the business of designing, manufacturing and selling, wide range of readymade garments and home furnishing items and caters to the needs of several leading international fashion brands and retailers. [Registered Activity] |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 2005 and engaged in the business of
manufacturing and exporting of readymade garments. It is an established
company having satisfactory track record. Management of the company has not filed its financial details after
the year 2015 with government departments. As per available financials of 2015, the company has increased its
revenue from operations as compared to previous year and maintained decent
profit margin of 5.17%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and low debt balance sheet. Further, rating also reflects company’s well experienced promoters
along with established track record of business operations and improvement in
the profitability during the year. However, rating strength is partially offset by intense competition
from organized and unorganized players in the industry and unavailability of
latest financials. Trade relations are fair. Business is active. Payments are slow but
correct. In view of the 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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 25.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
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Name : |
Mr. Nagendrappa |
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Designation : |
Accounts Executive |
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Contact No.: |
91-9886073850 |
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Date : |
24.01.2018 |
LOCATIONS
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Registered
Office : |
F-88, Okhla Industrial Area Phase-1, New Delhi – 110 020, India |
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Tel. No.: |
Not Available |
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Mob. No: |
91-9844254773 ( Mr. A.K. Rao) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office: |
Survey No 13, 14 and 15, Sarjapura Main Road, Belandur Gate, Bangalore-560102, Karnataka, India |
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Corporate Office
: |
I.P.-1, Sector - 28, Faridabad – 121 008, Haryana, India |
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Tel. No.: |
91-129-2273980/ 4044444 |
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Fax No.: |
91-129-2273485/ 2273491 |
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Unit : |
(Unit Sarla Fabrics), 30/2, Loni Road, Mohan Nagar, District Ghaziabad – 201 007, Uttar Pradesh, India |
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Fax No.: |
91-120-2657591 |
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E-Mail : |
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Bangalore Office
1/ Factory : |
Knits Division No. 37/1B, Arekere, Bannerghatta Road, Bangalore – 560 076, Karnataka, India |
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Tel. No.: |
91-80-26481095,
26583371, 26597192 |
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Fax No.: |
91-80-26591123 |
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Bangalore Office
2 : |
Woven Division PB 3449, Opposite ALT College, Sarjapura Road, Belandur Gate, Bangalore -560 034, Karnataka, India |
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Tel. No.: |
91-80-25180100/ 28439214/ 28439215/
28440424/ 28440425 |
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Fax No.: |
91-80-28439356 |
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Overseas Office
: |
Woven Division Suite No-21 B (21st Floor), Navana Tower, Gulshan Cilcle 1, Dhaka-1212, Bangladesh |
DIRECTORS
As on: 31.03.2017
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Name : |
Mr. Balakrishna Shetty |
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Designation : |
Additional Director |
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Address : |
317, 3rd Block , Brundavana Presidency, 19th Main Road, 27th
Cross, HSR Layout, Bangalore-560102, Karnataka, India |
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Date of Appointment : |
18.01.2016 |
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DIN No.: |
07408511 |
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Name : |
Tvenkataramanan |
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Designation : |
Additional Director |
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Address : |
Flat No-3022, Sobha Classic Apartments Harlur Road,
Sarjapur Road, Bangalore-560102, Karnataka, India |
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Date of Appointment : |
18.01.2016 |
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DIN No.: |
07408517 |
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Name : |
Anbazhagan Theerthagiri |
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Designation : |
Additional Director |
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Address : |
G-702, 7th Floor, Mantri Espana, Devarabisanahalli,
Bangalore-560103, Karnataka, India |
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Date of Appointment : |
18.01.2016 |
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DIN No.: |
07408539 |
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Name : |
Mr. Harish Mangumal Ahuja |
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Designation : |
Director |
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Address : |
22, Amritashergil Marg, New Delhi – 110 003, India |
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Date of Birth : |
10.09.1955 |
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Date of Appointment : |
15.07.2005 |
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Qualification |
B. COM |
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DIN No.: |
00047548 |
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PAN No.: |
ACZPA3786G |
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Other
Directorship:
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Name : |
Mr. Vinod Kumar Bhardwaj |
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Designation : |
Director |
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Address : |
WZ-56, Nimri Village, Shastri Nagar, New Delhi – 110 052, India |
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Date of Birth/Age : |
28.06.1964 |
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Date of Appointment : |
30.09.2009 |
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Qualification |
B COM |
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DIN No.: |
00057037 |
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PAN No.: |
AAHPB5694C |
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Other
Directorship:
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Name : |
Mr. Jalandhar Dattubuwa Giri |
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Designation : |
Director |
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Address : |
112, 1st Floor, Eros Garden, Suraj Kund Road, Faridabad – 121 009,
Haryana, India |
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Date of Birth/Age : |
17.11.1947 |
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Date of Appointment : |
30.09.2010 |
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Qualification |
M. Com |
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DIN No.: |
00047490 |
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Name : |
Ramanujam Raghavan Vijayaraghavan |
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Designation : |
Director |
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Address : |
No.A-301, St. Johns Wood 80, St. Johns Road, Dharmaram College,
Bangalore South, Bangalore - 560029, Karnataka, India |
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Date of Appointment : |
27.10.2014 |
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DIN No.: |
06886628 |
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Name : |
Gopalkrishna Keshav Hegde |
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Designation : |
Director |
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Address : |
E -112, Sobha Hibiscus, Opposite - ICICI Bank, Bangalore, 560103,
Karnataka, India |
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Date of Appointment : |
15.01.2015 |
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DIN No.: |
05206137 |
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KEY EXECUTIVES
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Name : |
Ajeet Kumar Thakur |
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Designation : |
Secretary |
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Address : |
House No-2563 (Ground Floor- Rear Portion), Block-A, Greenfield Colony, Faridabad - 121010, Haryana, India |
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Date of Appointment : |
07.11.2011 |
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PAN No: |
AFJPT1557P |
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Name : |
Mr. A.K. Rao |
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Designation : |
Voice President Account and Finance |
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Name : |
Mr. Nagendrappa |
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Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
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Names of Shareholders (Equity Shares) |
No. of Shares |
|
Harish Ahuja |
7738328 |
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Sarla M. Ahuja |
1982888 |
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Delhi Brass and Metal Works Private Limited, India |
495900 |
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Total |
10217116 |
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Names of Shareholders (Preference Shares) |
No. of Shares |
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Delhi Brass and Metal Works Private Limited, India |
15000 |
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Total |
15000 |
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage |
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Bodies corporate |
4.40 |
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Directors or relatives of Directors |
95.60 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is mainly engaged in the business of
designing, manufacturing and selling, wide range of readymade garments and home
furnishing items and caters to the needs of several leading international
fashion brands and retailers. [Registered Activity] |
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
(INR In Million)
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Auditors : |
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Name : |
Puneet Mishra and Company Chartered Accountants |
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Address : |
79, Sector 33, Faridabad, Haryana, India |
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PAN No.: |
AAHFP9830G |
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Memberships : |
--- |
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Collaborators : |
-- |
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Associates : (As on 31.03.2015) |
(CIN No.: U74899DL1995PTC064057)
(CIN No.: U17120DL2011PTC217721)
(CIN No.: U70101DL1997PTC089386)
(CIN No.: U70101DL1997PTC089383)
(CIN No.: U00000DL1990PTC040578)
(CIN No.: U74899DL1995PTC073076)
(CIN No.: U70101DL1997PTC088719)
(CIN No.: U74899DL2001PTC109183)
(CIN No.: U74899DL2001PTC109200)
(CIN No.: U72200DL2001PTC109182)
(CIN No.: U51311DL1996PTC076895)
(CIN No.: U18109KA2006PTC039286)
(CIN No.:U28998DL1983PTC015720)
(CIN No.: U18101DL2008PTC174440)
(U15139DL2001PTC110573)
(U72100DL1999PTC102318)
(U70101DL1997PTC088710)
(U45201DL2005PTC140283)
(U72200DL2006PTC152821)
(U18101DL2008PTC183189)
|
CAPITAL STRUCTURE
AS ON 30.09.2015
Authorised Capital:
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No. of Shares |
Type |
Value |
Amount |
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|
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|
15500000 |
Equity Shares |
INR 10/- each |
INR 155.000 Million |
|
265000 |
Preference Share |
INR 10/- each |
INR 2.650 Million |
|
|
TOTAL |
|
INR 157.650 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10217116 |
Equity Shares |
INR 10/- each |
INR 102.171 Million |
|
15000 |
Preference Share |
INR 10/- each |
INR 0.150 Million |
|
|
TOTAL |
|
INR 102.321 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
102.321 |
102.321 |
102.321 |
|
(b) Reserves & Surplus |
8719.322 |
6444.327 |
4932.650 |
|
(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) |
8821.643 |
6546.648 |
5034.971 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2999.096 |
5032.955 |
4756.697 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
115.806 |
173.666 |
|
(c) Other long term
liabilities |
430.204 |
37.557 |
36.352 |
|
(d) long-term
provisions |
1257.631 |
1492.085 |
1131.256 |
|
Total Non-current
Liabilities (3) |
4686.931 |
6678.403 |
6097.971 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1858.180 |
3042.032 |
4693.888 |
|
(b) Trade
payables |
2029.462 |
1513.631 |
2507.672 |
|
(c) Other current
liabilities |
3460.573 |
2867.875 |
2485.412 |
|
(d) Short-term
provisions |
300.049 |
15.504 |
11.975 |
|
Total Current
Liabilities (4) |
7648.264 |
7439.042 |
9698.947 |
|
|
|
|
|
|
TOTAL |
21156.838 |
20664.093 |
20831.889 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
7986.361 |
8506.271 |
7749.994 |
|
(ii)
Intangible Assets |
20.595 |
15.850 |
18.658 |
|
(iii)
Capital work-in-progress |
203.729 |
240.551 |
513.282 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.536 |
0.536 |
0.336 |
|
(c) Deferred tax assets (net) |
107.696 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2110.527 |
1773.342 |
1146.106 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
10429.444 |
10536.550 |
9428.376 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2206.446 |
2890.599 |
3730.964 |
|
(c) Trade
receivables |
6301.357 |
4856.748 |
5319.892 |
|
(d) Cash
and cash equivalents |
161.897 |
905.060 |
185.649 |
|
(e)
Short-term loans and advances |
1750.741 |
1237.768 |
2014.236 |
|
(f) Other
current assets |
306.953 |
237.368 |
152.772 |
|
Total
Current Assets |
10727.394 |
10127.543 |
11403.513 |
|
|
|
|
|
|
TOTAL |
21156.838 |
20664.093 |
20831.889 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
44034.566 |
37431.539 |
30622.338 |
|
|
|
Other Income |
1141.204 |
1797.157 |
1709.743 |
|
|
|
TOTAL
|
45175.770 |
39228.696 |
32332.081 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
18266.767 |
16146.164 |
13507.799 |
|
|
|
Purchases of Stock-in-Trade |
1773.665 |
2532.835 |
2049.805 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
600.134 |
266.812 |
(471.783) |
|
|
|
Employees benefits expense |
11824.501 |
9949.574 |
8274.080 |
|
|
|
CSR Expenditure |
9.187 |
0.000 |
0.000 |
|
|
|
Other expenses |
7980.207 |
6637.266 |
5914.090 |
|
|
|
TOTAL |
40454.461 |
35532.651 |
29273.991 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
4721.309 |
3696.045 |
3058.090 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
504.086 |
707.618 |
666.114 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4217.223 |
2988.427 |
2391.976 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1580.546 |
1092.888 |
835.671 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2636.677 |
1895.539 |
1556.305 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
361.683 |
383.861 |
276.118 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
2274.994 |
1511.678 |
1280.187 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
35396.092 |
22191.070 |
24101.897 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
3213.071 |
2648.649 |
2443.976 |
|
|
|
Stores & Spares |
1794.662 |
2551.157 |
2069.479 |
|
|
|
Capital Goods |
401.640 |
590.012 |
1056.196 |
|
|
TOTAL IMPORTS |
5409.373 |
5789.818 |
5569.651 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
223.00 |
148.00 |
125.00 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
458.292 |
442.618 |
275.739 |
|
Cash generated from operations |
4614.313 |
4708.884 |
8.788 |
|
Net Cash flows from operating activities |
4046.867 |
4327.026 |
(355.956) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
52.23 |
47.36 |
63.41 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.99 |
7.71 |
5.76 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
36.96 |
29.58 |
58.83 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.14 |
1.28 |
0.82 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.58 |
0.42 |
0.37 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.52 |
0.62 |
0.71 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.60 |
1.30 |
1.93 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.87 |
1.14 |
1.93 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.93 |
1.34 |
1.64 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.37 |
5.22 |
4.59 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) * 100) |
% |
5.17 |
4.04 |
4.18 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
10.75 |
7.32 |
6.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
25.79 |
23.09 |
25.43 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.40 |
1.36 |
1.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.11 |
0.97 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.42 |
0.32 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
51.95 |
83.24 |
95.06 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.40 |
1.36 |
1.18 |
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 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Share Capital |
102.321 |
102.321 |
102.321 |
|
Reserves & Surplus |
4932.650 |
6444.327 |
8719.322 |
|
Net worth |
5034.971 |
6546.648 |
8821.643 |
|
|
|
|
|
|
long-term borrowings |
4756.697 |
5032.955 |
2999.096 |
|
Short term borrowings |
4693.888 |
3042.032 |
1858.180 |
|
Current Maturities of Long term debt |
275.739 |
442.618 |
458.292 |
|
Total borrowings |
9726.324 |
8517.605 |
5315.568 |
|
Debt/Equity ratio |
1.932 |
1.301 |
0.603 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Sales |
30622.338 |
37431.539 |
44034.566 |
|
|
|
22.236 |
17.640 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Sales |
30622.338 |
37431.539 |
44034.566 |
|
Profit (Loss) |
1280.187 |
1511.678 |
2274.994 |
|
|
4.18% |
4.04% |
5.17% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
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 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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note:
The registered office of the company has been shifted from “3262, Ranjeet
Nagar, New Delhi – 110 008, India to present address w.e.f. 01.02.2012.
UNSECURED LOANS
|
Particulars |
31.03.2015 (INR in Million) |
31.03.2014 (INR in Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
0.000 |
993.986 |
|
Total
|
0.000 |
993.986 |
INDEX OF CAHREGS:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G61784898 |
100133405 |
HDFC BANK LIMITED |
27/09/2017 |
- |
- |
3000000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G44838373 |
100102742 |
HDFC BANK LIMITED |
29/10/2016 |
- |
- |
2250000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G05014345 |
100031136 |
Canara Bank |
05/05/2016 |
- |
- |
241600000.0 |
Prime Corporate Branch1, DDA, Building, First FloorNew DelhiDL110019IN |
|
4 |
C70083464 |
10602492 |
Canara Bank |
20/10/2015 |
- |
- |
167300000.0 |
Prime Corporate Branch - I1 DDA Building, First Floor, Nehru PlaceNew DelhiDL110019IN |
|
5 |
C13934427 |
10511408 |
Canara Bank |
04/07/2014 |
- |
- |
332200000.0 |
Prime Corporate Branch - I1, DDA Building, First Floor, Nehru PlaceNew DelhiDL110019IN |
|
6 |
B26471110 |
10320379 |
CANARA BANK |
05/11/2011 |
- |
- |
11318000000.0 |
PCB-INEHRU PLACENEW DELHIDL110019IN |
|
7 |
B26469510 |
10320378 |
CANARA BANK |
05/11/2011 |
- |
- |
3880000000.0 |
PCB-INEHRU PLACENEW DELHIDL110019IN |
|
8 |
A76559939 |
10194354 |
CANARA BANK |
17/12/2009 |
- |
- |
320000000.0 |
PCB-INEHRU PLACENEW DELHIDL110019IN |
|
9 |
C07287899 |
80000109 |
Canara Bank |
28/12/2005 |
21/05/2014 |
- |
6500000000.0 |
Prime Corporate Branch - I1 DDA Building, First Floor, Nehru PlaceNew DelhiDL110019IN |
|
10 |
G36456499 |
80000108 |
Canara Bank |
28/12/2005 |
24/01/2017 |
- |
12948600000.0 |
Prime Corporate Branch - I1 DDA Building, First Floor, Nehru PlaceNew DelhiDL110019IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Vehicles
·
Furniture and Fixtures
·
Office Equipment
·
Computers
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 63.64 |
|
|
1 |
INR 89.32 |
|
Euro |
1 |
INR 78.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
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.