|
|
|
MIRA INFORM REPORT
|
Report No. : |
516522 |
|
Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
KALISMA STEEL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
406, 4th Floor, Sri Krishna Complex, Opposite Laxmi Industrial Estate,
New Link Road, Andheri [West], Mumbai – 400053, Maharashtra |
|
Tel. No.: |
91-22-42481400 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
12.10.2011 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52100MH2011PTC222943 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 913.444
Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0312021208 |
|
|
|
|
TIN No.: |
27315253346 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECK5128Q |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAECK5128Q1Z0 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is in business of Manufacturing and Trading of
Alloy Steel Fasteners and Components. [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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2011. It is engaged as
Manufacturer and Exporter of Fasteners. For the financial year 2017, the company has achieved decent growth in
its revenue as compared to its previous year and has shown improved profit
margin during the year. However, the company possesses moderate financial risk profile marked by
negative reserve level due to previous year accumulated losses. Rating further gets constrained on account of low profit margin along
with high competitive intensity in the steel industry and cyclicality
inherency. Payment seems to be slow but correct. In view of aforesaid, 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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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
31-03-2018.
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 22.06.2018
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 DECLINED BY
|
Name : |
Mr. Gagrani |
|
Designation : |
Admin Department |
|
Contact No.: |
91-9967065195 |
|
Date : |
22.06.2018 |
[91-22-42481412/ 42481400 continuously ringing]
LOCATIONS
|
Registered/ Corporate Office : |
406, 4th Floor, Sri Krishna Complex, Opposite Laxmi Industrial Estate,
New Link Road, Andheri [West], Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-42481400/ 42481412/ 60503220 |
|
Fax No.: |
91-22-42481410 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Survey No. 45/2, 45/3 and 47, Village Gore, Wada, District Thane,
Maharashtra, India |
|
Tel. No.: |
91-2526-234500 |
|
Fax No.: |
91-2526-234510 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Suri Rahul |
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|
Designation : |
Director |
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|
Address : |
4, Vikas Park, Juhu Tara Road, Juhu, Mumbai - 400049, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.06.1972 |
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|
Date of Appointment : |
12.10.2011 |
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|
PAN No.: |
AEUPS9477F |
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|
DIN No.: |
00116374 |
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Other Directorship :
|
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|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Lodha Dilip Singh |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
102-A 1st Rushi Tower, Lokhandwala Complex Andheri (West), Mumbai - 400053, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.01.1952 |
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|
Date of Appointment : |
28.09.2012 |
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|
PAN No.: |
ABVPL7280M |
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|
DIN No.: |
01889359 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Jatinder Kumar Suri |
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|
Designation : |
Director |
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|
Address : |
H 22, Masjid Moth, Greater Kailash II, New Delhi - 110048, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.10.1949 |
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|
Date of Appointment : |
12.10.2011 |
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PAN No.: |
ABIPS8265Q |
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|
DIN No.: |
03628594 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Gagrani |
|
Designation : |
Admin Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.11.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rahul Suri |
|
91090742 |
|
Deluxa Holding Limited |
|
208729 |
|
Mitil Chokshi |
|
34960 |
|
Kalisma Corp Private Limited |
|
9990 |
|
Satya Narayan Gagrani |
|
1 |
|
Dilip Singh Lodha |
|
1 |
|
Savitri Gagrani |
|
1 |
|
Ajay Patil |
|
1 |
|
Shailesh Yadav |
|
1 |
|
Ranjit Nair |
|
1 |
|
Pooja Kumari |
|
1 |
|
|
|
|
|
Total |
|
91344428 |
AS ON 15.11.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
99.72 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
0.04 |
|
Public/Other than promoters - Body Corporate |
0.24 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in business of Manufacturing and Trading of
Alloy Steel Fasteners and Components. [Registered Activity] |
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Products : |
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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 : |
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||||
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS (NOT AVAILABLE)
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 : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel West, Mumbai – 400013, Maharashtra, India · Punjab National Bank Mid Corporate Branch, Brady House, V.N. Road, Fort, Mumbai – 400023, Maharashtra, India · Centbank Financial Services Limited 15-16 Bajaj Bhawan, 1st Floor, Opposite Inox Multiplex,
Nariman Point, Mumbai - 400021, Maharashtra, India |
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Facilities : |
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|
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Auditors : |
|
|
Name : |
N.B. Thakore and Company Chartered Accountants |
|
Address : |
71, Pushpak Apartments, 31 Altamount Road, Mumbai – 400026, Maharashtra, India |
|
PAN No.: |
AHBPT0464B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
KMP have the
controlling interest : |
· Kalisma Fasteners Distribution India Private Limited [U51101MH2012PTC236533] · Kalisma Impo Expo Private Limited [U74900MH2011PTC224095] · Kalisma Logistics Private Limited [U63090MH2012PTC229180] · Kalisma Corp Private Limited · Kalisma Realty Private Limited · Kalisma Fasteners Private Limited · Kalisma Hospitality Private Limited · Kalisma Engineering Private Limited · Kalisma Solar Private Limited ·
Kalisma Constructions Private Limited |
CAPITAL STRUCTURE
AFTER 15.11.2017
Authorised Capital : INR 990.000 Million
Issued, Subscribed & Paid-up Capital : INR 961.418
Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99000000 |
Equity Shares |
INR 10/- each |
INR 990.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
91344428 |
Equity Shares |
INR 10/- each |
INR 913.444
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 |
913.444 |
913.444 |
913.444 |
|
(b) Reserves and Surplus |
(16.282) |
(53.495) |
(29.452) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
359.800 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1256.962 |
859.949 |
883.992 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
886.179 |
694.889 |
645.208 |
|
(b) Deferred tax liabilities (Net) |
141.503 |
108.038 |
65.126 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.919 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1029.601 |
802.927 |
710.334 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
614.022 |
499.257 |
265.884 |
|
(b) Trade
payables |
610.685 |
820.857 |
408.699 |
|
(c) Other
current liabilities |
230.589 |
159.140 |
133.048 |
|
(d) Short-term
provisions |
30.076 |
18.088 |
12.767 |
|
Total Current
Liabilities (4) |
1485.372 |
1497.342 |
820.398 |
|
|
|
|
|
|
TOTAL |
3771.935 |
3160.218 |
2414.724 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1728.269 |
1584.837 |
1572.973 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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
loans and advances |
36.936 |
21.289 |
1.705 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1765.205 |
1606.126 |
1574.678 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
974.447 |
836.509 |
507.984 |
|
(c) Trade
receivables |
635.615 |
332.602 |
51.328 |
|
(d) Cash and bank
balances |
83.903 |
96.617 |
84.766 |
|
(e)
Short-term loans and advances |
258.431 |
235.263 |
154.023 |
|
(f) Other
current assets |
54.334 |
53.101 |
41.945 |
|
Total
Current Assets |
2006.730 |
1554.092 |
840.046 |
|
|
|
|
|
|
TOTAL |
3771.935 |
3160.218 |
2414.724 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2570.593 |
1866.775 |
876.585 |
|
|
Other Income |
25.334 |
13.790 |
6.189 |
|
|
TOTAL |
2595.927 |
1880.565 |
882.774 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1981.647 |
1602.064 |
678.583 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(95.384) |
(346.990) |
(236.945) |
|
|
Employee benefit expense |
130.979 |
100.319 |
56.408 |
|
|
Other expenses |
281.414 |
308.409 |
247.126 |
|
|
TOTAL |
2298.656 |
1663.802 |
745.172 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
297.271 |
216.763 |
137.602 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
147.392 |
123.466 |
78.015 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
149.879 |
93.297 |
59.587 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
79.201 |
74.602 |
52.810 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
70.678 |
18.695 |
6.777 |
|
|
|
|
|
|
|
Less |
TAX |
33.465 |
42.737 |
33.935 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
37.213 |
(24.042) |
(27.158) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
459.054 |
574.455 |
294.239 |
|
|
TOTAL EARNINGS |
459.054 |
574.455 |
294.239 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
131.307 |
247.934 |
376.500 |
|
|
TOTAL IMPORTS |
131.307 |
247.934 |
376.500 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.41 |
(0.26) |
(0.30) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
105.671 |
107.835 |
98.671 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(310.692) |
(176.006) |
(49.153) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(310.692) |
(176.006) |
(49.153) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
90.25 |
65.03 |
21.37 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.04 |
5.61 |
17.08 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
112.48 |
187.02 |
219.83 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.31 |
0.26 |
0.27 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.17 |
0.14 |
0.09 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.73 |
0.65 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.28 |
1.51 |
1.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.18 |
1.74 |
0.93 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.37 |
1.84 |
1.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.02 |
1.76 |
1.76 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.45 |
(1.29) |
(3.10) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.99 |
(0.76) |
(1.12) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.96 |
(2.80) |
(3.07) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.35 |
1.04 |
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.69 |
0.48 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.33 |
0.27 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.76 |
1.43 |
1.11 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.35 |
1.04 |
1.02 |
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 |
913.444 |
913.444 |
913.444 |
|
Reserves & Surplus |
(29.452) |
(53.495) |
(16.282) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
359.800 |
|
Net
worth |
883.992 |
859.949 |
1256.962 |
|
|
|
|
|
|
Long-term borrowings |
645.208 |
694.889 |
886.179 |
|
Short term borrowings |
265.884 |
499.257 |
614.022 |
|
Current maturities of
long-term debts |
98.671 |
107.835 |
105.671 |
|
Total
borrowings |
1009.763 |
1301.981 |
1605.872 |
|
Debt/Equity
ratio |
1.142 |
1.514 |
1.278 |
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 |
876.585 |
1866.775 |
2570.593 |
|
|
|
112.960 |
37.702 |
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 |
876.585 |
1866.775 |
2570.593 |
|
Profit/ (Loss) |
(27.158) |
(24.042) |
37.213 |
|
|
(3.10
%) |
(1.29
%) |
1.45
% |
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 |
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 |
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 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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G46989133 |
100109100 |
HDFC BANK LIMITED |
23/02/2017 |
- |
- |
2049000.0 |
HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
2 |
G36967867 |
100079786 |
PUNJAB NATIONAL BANK |
04/02/2017 |
- |
- |
10000000.0 |
MID CORPORATE BRANCH, BRADY HOUSE,V.N.ROAD, FORT,MUMBAIMH400023IN |
|
3 |
G43973759 |
100105922 |
HDFC BANK LIMITED |
31/01/2017 |
- |
- |
954000.0 |
HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
4 |
G04730511 |
100030291 |
HDFC BANK LIMITED |
23/11/2015 |
- |
- |
893250.0 |
HDFC BANK LIMITED, HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
5 |
G00610774 |
100018418 |
HDFC BANK LIMITED |
28/09/2015 |
- |
- |
1339000.0 |
HDFC BANK LIMITED, HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WESTMUMBAIMH400013IN |
|
6 |
C76432012 |
10483490 |
CENTBANK FINANCIAL SERVICES LIMITED |
11/03/2014 |
12/01/2016 |
- |
1747400000.0 |
CENTRAL BANK OF INDIA-MMO BLDG, 3RD FLR (EAST),55 MAHATMA GANDHI ROAD, FORT,MUMBAIMH400001IN |
|
7 |
C76346725 |
10438238 |
CENTBANK FINANCIAL SERVICES LIMITED |
27/06/2013 |
13/01/2016 |
- |
1747400000.0 |
CENTRAL BANK OF INDIA-MMO BLDG, 3RD FLR (EAST),55 MAHATMA GANDHI ROAD, FORT,MUMBAIMH400001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
103.272 |
109.992 |
|
Other loans and advances |
405.143 |
167.006 |
|
|
|
|
|
Total |
508.415 |
276.998 |
BACKGROUND:
The Company is in business of manufacturing and trading of Alloy Steel Fasteners and components. The Commercial Production has been commenced on 25 June 2014. The accounts have been prepared for the year ended on 31 March 2017. The Company is in process of establishing Brand of the Company in the Market. Also the Company has set up of various processes related to manufacturing, purchases, sales, vendor payments, accounting, etc. on the lines of Industry Best Practices. The company believes that certain processes, reconciliations, etc. will be further improved in due course of time with increased business developments.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Letter of Credit with Punjab National Bank |
146.931 |
57.654 |
|
Letter of Credit with Central Bank of India |
153.354 |
157.920 |
|
Bank Guarantee with Punjab National Bank |
20.135 |
26.916 |
|
Bank Guarantee with Central Bank of India |
9.127 |
11.750 |
FIXED ASSETS:
·
Land
·
Factory building
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer 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
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.20 |
|
UK Pound |
1 |
INR 89.58 |
|
Euro |
1 |
INR 78.79 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
BVA |
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.