|
|
|
MIRA INFORM REPORT
|
Report No. : |
488280 |
|
Report Date : |
27.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUPER CIRCLE AUTO LIMITED |
|
|
|
|
Registered
Office : |
B-45, 1st Floor, Mayapuri Industrial Area , Phase-I, New Delhi -
110064 |
|
Tel. No.: |
91-11-41446500 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
10.01.1986 |
|
|
|
|
Com. Reg. No.: |
55-023047 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 9.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300DL1986PLC023047 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACS1398A |
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|
|
|
GSTIN/UIN : |
Not Divulged |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Subject carry on the business of Trading of automotive components and
later on company started business activities of manufacturing and job work of
automotive components especially in manufacturing of Disc Brake Pads, Brake
Shoes, Brake Linings for auto industry. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 233400 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Super Circle Auto Limited was incorporated in the year 1986. It is
engaged in the business of Trading of automotive components and later on
company started business activities of manufacturing and job work of
automotive components especially in manufacturing of Disc Brake Pads, Brake
Shoes, Brake Linings for auto industry. For the financial year 2017, the company has achieved 20.00% growth in
its revenue as compared to previous year revenue has maintained average
profit margin of 1.06%. The satisfactory financial profile of the company is marked by
sufficient networth base along with negligible debt level. The rating takes into consideration the subject’s long track record of
business operations along with extensive experience of its promoters. However, rating strengths are partially offset by unfavourable gap
between trade payables and trade receivables. Business is active. 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 27.01.2018
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
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-11-41446500)
LOCATIONS
|
Registered Office : |
B-45, 1st Floor, Mayapuri Industrial Area , Phase-I, New Delhi –
110064, India |
|
Tel. No.: |
91-11-41446500/ 47070320/ 28115117/ 28115615 |
|
Fax No.: |
91-11-28115652 |
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E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rajnish Jyoti |
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Designation : |
Whole-time Director |
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Address : |
A1/1, Rajouri Garden, New Delhi – 110027, India |
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Date of Birth/Age : |
25.05.1972 |
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Date of Appointment : |
28.06.2007 |
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DIN No.: |
01148430 |
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|
||||||||||||||||||||
|
Name : |
Mr. Jagjyoti Jain |
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Designation : |
Director |
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Address : |
A1/A, Rajouri Garden, New Delhi – 110027, India |
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Date of Birth/Age : |
06.01.1932 |
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Date of Appointment : |
01.07.2017 |
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DIN No.: |
00962659 |
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Other Directorship:
|
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|
||||||||||||||||||||
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Name : |
Mr. Navin Jain |
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Designation : |
Director |
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Address : |
I-602, Caitriona Apartments, Ambience Island, DLF Phase-III, Gurugram – 122010, Haryana, India |
||||||||||||||||||||
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Date of Birth/Age : |
12.09.1969 |
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Date of Appointment : |
15.07.1997 |
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DIN No.: |
00962829 |
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Other Directorship:
|
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|
||||||||||||||||||||
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Name : |
Mr. Pravin Jain |
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Designation : |
Director |
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|
Address : |
13/13, Road No. 13, East Punjabi Bagh, New Delhi – 110026, India |
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Date of Birth/Age : |
02.09.1972 |
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Date of Appointment : |
31.03.2013 |
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DIN No.: |
00962874 |
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Other Directorship:
|
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|
||||||||||||||||||||
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Name : |
Mr. Vishal Jyoti |
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|
Designation : |
Director |
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|
Address : |
A1/1, Rajouri Garden, New Delhi – 110027, India |
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Date of Birth/Age : |
27.02.1969 |
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Date of Appointment : |
18.12.2012 |
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DIN No.: |
01198537 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Rahul |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Jagjyoti Jain |
|
321000 |
|
Jagjyoti Jain as karta of Jagjyoti Jain and Sons (HUF) |
|
100000 |
|
Navin Jain as karta of Gulshan Jain and Sons (HUF) |
|
100000 |
|
D.N. Gupta |
|
46000 |
|
Vishal Jyoti |
|
36000 |
|
Rajnish Jyoti |
|
11000 |
|
Navin Jain |
|
111000 |
|
Pravin Jain |
|
76000 |
|
Sanjay Gupta |
|
16000 |
|
Kamlesh Jyoti |
|
28000 |
|
Sulpha Jain |
|
25000 |
|
Priti Jain |
|
50000 |
|
Total |
|
920000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
93.26 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
6.74 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject carry on the business of Trading of automotive components and later
on company started business activities of manufacturing and job work of
automotive components especially in manufacturing of Disc Brake Pads, Brake
Shoes, Brake Linings for auto industry. (Registered Activity) |
||||
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||||
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Products/ Services : |
|
||||
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||||
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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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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS (As on 31.03.2017)
|
Licensed/ Installed Capacity |
2016-2017 (Pcs.) |
|
Disc Brake Pad (Plant) |
2520000 |
|
Brake Lining (Plant) |
720000 |
|
Brake Shoes |
1500000 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Bajaj and Associates Chartered Accountants |
|
Address : |
559, Sector 16A, Faridabad – 121001, Haryana, India |
|
Tel. No.: |
91-129-4044369/ 4048898 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAFPB8859A |
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|
|
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Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
920000 |
Equity Shares |
INR 10/- each |
INR 9.200
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.200 |
9.200 |
9.200 |
|
(b) Reserves & Surplus |
72.488 |
69.037 |
64.385 |
|
(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) |
81.688 |
78.237 |
73.585 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
10.360 |
16.806 |
15.510 |
|
(b) Deferred tax liabilities (Net) |
0.862 |
2.043 |
3.114 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
4.849 |
3.965 |
2.865 |
|
Total Non-current
Liabilities (3) |
16.071 |
22.814 |
21.489 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
49.974 |
45.393 |
54.861 |
|
(b) Trade
payables |
62.982 |
56.357 |
53.228 |
|
(c) Other
current liabilities |
16.102 |
17.236 |
15.127 |
|
(d) Short-term
provisions |
3.153 |
2.750 |
2.546 |
|
Total Current
Liabilities (4) |
132.211 |
121.736 |
125.762 |
|
|
|
|
|
|
TOTAL |
229.970 |
222.787 |
220.836 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
67.261 |
76.234 |
78.997 |
|
(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 |
2.186 |
2.100 |
1.492 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
69.447 |
78.334 |
80.489 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
46.459 |
45.666 |
45.971 |
|
(c) Trade
receivables |
105.179 |
88.283 |
84.280 |
|
(d) Cash
and cash equivalents |
1.139 |
0.315 |
0.644 |
|
(e) Short-term
loans and advances |
7.746 |
10.189 |
9.452 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
160.523 |
144.453 |
140.347 |
|
|
|
|
|
|
TOTAL |
229.970 |
222.787 |
220.836 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
325.847 |
271.481 |
246.401 |
|
|
Other Income |
1.079 |
0.074 |
0.006 |
|
|
TOTAL |
326.926 |
271.555 |
246.407 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
181.202 |
135.778 |
126.629 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.462 |
5.101 |
0.316 |
|
|
Manufacturing Expenses |
46.150 |
40.255 |
40.826 |
|
|
Personnel Expenses |
19.203 |
17.437 |
14.756 |
|
|
Administrative Expenses |
22.701 |
16.811 |
15.051 |
|
|
Selling and Distribution
Expenses |
34.699 |
33.523 |
22.801 |
|
|
TOTAL |
304.417 |
248.905 |
220.379 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
22.509 |
22.650 |
26.028 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.748 |
4.871 |
7.252 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
17.761 |
17.779 |
18.776 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.321 |
12.504 |
14.512 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
5.440 |
5.275 |
4.264 |
|
|
|
|
|
|
|
Less |
TAX |
1.988 |
0.623 |
1.063 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
3.452 |
4.652 |
3.201 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
159.635 |
135.836 |
124.525 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.75 |
5.06 |
3.48 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debt |
|
|
|
|
-SIDBI A/c (PCS) |
0.000 |
0.313 |
1.875 |
|
-SIDBI A/c Term Loan |
1.980 |
1.980 |
1.980 |
|
-HDFC Bank Limited (Term Loan) |
3.844 |
3.451 |
1.968 |
|
-HDFC Bank Limited (Mercedez Benz) |
0.657 |
0.599 |
0.000 |
|
-HDFC Bank Limited (Honda Amaze) |
0.117 |
0.139 |
0.000 |
|
-HDFC Bank Limited (Swift) |
0.083 |
0.075 |
0.000 |
|
-HDFC Bank Limited (Nissan Sunny) |
0.000 |
0.080 |
0.231 |
|
-HDFC Bank Limited (Swift Dzire) |
0.000 |
0.042 |
0.160 |
|
-BMW Financial Services Private Limited |
0.000 |
0.000 |
0.441 |
|
-Kotak Mahindra Prime Limited |
0.000 |
0.000 |
0.049 |
|
Total
|
6.681 |
6.679 |
6.704 |
|
Cash generated from operations |
13.953 |
24.076 |
11.133 |
|
Net cash flow from operating activity |
10.784 |
22.382 |
8.577 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
117.82 |
118.69 |
124.85 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
3.10 |
3.08 |
2.92 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
126.87 |
151.50 |
153.43 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.48 |
0.50 |
0.57 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.33 |
0.30 |
0.33 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.65 |
0.65 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.82 |
0.88 |
1.05 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.62 |
1.56 |
1.71 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.82 |
0.97 |
1.07 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.74 |
4.65 |
3.59 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
1.06 |
1.71 |
1.30 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.50 |
2.09 |
1.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.23 |
5.95 |
4.35 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.21 |
1.19 |
1.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.86 |
0.81 |
0.75 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.36 |
0.35 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.28 |
7.49 |
8.38 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.21 |
1.19 |
1.12 |
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 |
9.200 |
9.200 |
9.200 |
|
Reserves & Surplus |
64.385 |
69.037 |
72.488 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
73.585 |
78.237 |
81.688 |
|
|
|
|
|
|
long-term borrowings |
15.510 |
16.806 |
10.360 |
|
Short term borrowings |
54.861 |
45.393 |
49.974 |
|
Current Maturities of
Long term debt |
6.704 |
6.679 |
6.681 |
|
Total borrowings |
77.075 |
68.878 |
67.015 |
|
Debt/Equity ratio |
1.047 |
0.880 |
0.820 |
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 |
246.401 |
271.481 |
325.847 |
|
|
|
10.179 |
20.026 |
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 |
246.401 |
271.481 |
325.847 |
|
Profit/(Loss) |
3.201 |
4.652 |
3.452 |
|
|
1.30% |
1.71% |
1.06% |
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 |
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) |
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 |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from “A-43, Rajouri Garden, New Delhi – 110027, India” to the present address w.e.f. 01.04.2014
CORPORATE
INFORMATION
The company was incorporated in India on January, 10 1986 to carry on
the business of Trading of automotive components and later on company started
business activities of manufacturing and job work of automotive components
especially in manufacturing of Disc Brake Pads, Brake Shoes, Brake Linings for
auto industry. The company has started its commercial operations in the month
of January 1986.
STATE OF COMPANY’S
AFFAIRS
The company is engaged in the business of trading of automotive
components and manufacturing of Disc Brake, Brake Shoes, Brake Linings for auto
industry. The total income of the company during current year were INR 326.926
Million as compared to INR 271.555 Million during the previous year. The
company has earned profit of INR 3.452 Million during the current year as
against the net profit of INR 4.652 Million during the year. With the increase
in operation. The Directors are hopeful to give better results in terms of
sales/ profitability of the company in the years to come.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term Borrowings |
|
|
|
From Directors Jagjyoti Jain |
1.999 |
1.804 |
|
|
|
|
|
Total |
1.999 |
1.804 |
INDEX
OF CHARGES
|
Charges Registered |
|||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G54346705 |
10462391 |
HDFC BANK LIMITED |
28/11/2013 |
28/07/2017 |
116200000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
B66275249 |
10398279 |
Small Industries Development Bank of India |
16/01/2013 |
- |
5000000.0 |
Videocon Tower, Ground Floor,E-1, Rani Jhansi Road, Jhandewalan Extension New Delhi 110055 INDIA |
|
3 |
B63458780 |
10390355 |
Small Industries Development Bank of India |
03/12/2012 |
- |
10000000.0 |
Videocon Tower, Ground Floor,E-1, Rani Jhansi Road, Jhandewalan Extension New Delhi 110055 INDIA |
|
4 |
B13373600 |
10287998 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
25/05/2011 |
- |
7500000.0 |
VIDEOCON TOWER, GROUND FLOORE-1, RANI JHANSI ROAD, JHANDEWALAN EXTENSION NEW DELHI 110055 INDIA |
|
5 |
B13379847 |
10288019 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
25/05/2011 |
- |
7500000.0 |
VIDEOCON TOWER, GROUND FLOORE-1, RANI JHANSI ROAD, JHANDEWALAN EXTENSION NEW DELHI 110055 INDIA |
|
6 |
A81488603 |
10208108 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
19/03/2010 |
- |
5000000.0 |
Videocon Tower, Ground Floor,E-1, Rani Jhansi Road, Jhandewalan Extension New Delhi 110055 INDIA |
|
7 |
A60232626 |
10149904 |
Small Industries Development Bank of India |
26/03/2009 |
26/03/2009 |
5000000.0 |
Videocon Tower, Ground Floor,E-1, Rani Jhansi Road, Jhandewalan Extension New Delhi 110055 INDIA |
|
8 |
A54130356 |
10136333 |
Small Industries Development Bank of India |
26/12/2008 |
- |
19500000.0 |
Videocon Tower, Ground Floor,E-1, Rani Jhansi Road, Jhandewalan Extension New Delhi 110055 INDIA |
|
9 |
A46687745 |
10123301 |
Small Industries Development Bank of India |
29/09/2008 |
- |
5000000.0 |
Videocon Tower, Ground Floor,E-1, Rani Jhansi Road, Jhandewalan Extension New Delhi 110055 INDIA |
|
10 |
A34673681 |
10093147 |
Small Industries Development Bank of India |
14/02/2008 |
- |
5000000.0 |
SIDBI Tower 15, Ashok Marg Lucknow UTTAR PRADESH 226001 INDIA |
FIXED ASSETS
- Freehold Land
- Factory Building
- Plant and Machinery
- Tools and Dies
- Furniture and Fixture
- Office Equipments
- Computers
- Vehicles
- Brake Linings Shed
- Brake Linings Machines
- Brake Shoe Shed
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 63.49 |
|
|
1 |
INR 90.91 |
|
Euro |
1 |
INR 79.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUD |
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.