|
|
|
MIRA INFORM REPORT
|
Report No. : |
516524 |
|
Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
RNV INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15-B Chander Mukhi Building Backbay Reclamation, Near Inox Theatre
Nariman Point, Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-22-49229000/61799800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
25.07.2012 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74120MH2012PTC233808 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 155.000 Million |
|
|
|
|
IEC No.: |
0312060068 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCR9959R |
|
|
|
|
GSTIN : |
27AAFCR9959R1Z3 |
|
|
|
|
TIN No.: |
27320950469 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader
and Importer of Iron and Steel. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
RNV Industries Private Limited is a trader and importer of iron and
steel. The company was incorporated in the year 2012 and is based in Mumbai,
Maharashtra. It is an established company having satisfactory track records. For the financial year ended 2017, the company has achieved healthy
operational revenue and reported profit margin at 0.71% (approx.) Rating takes into consideration company’s sound financial profile
marked by healthy net worth base along with good cash balance of the company. Further, the ratings continue to reflect experience of the group’s
promoters in the steel industry, and established relationships with customers
and suppliers. The ratings also factor in sizeable and continual fund support
from the promoters i.e., part of the RNV Arya group. However, the rating strength is partially offset by excess of
borrowings recorded during the year and highly competitive nature of steel
industry. Trade relations are reported as fair. Business is active. Payments terms
are reported to be 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
|
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
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
12.10.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 PARTED BY
|
Name : |
Mr. Vikas Gupta |
|
Designation : |
Finance Manger |
|
Contact No.: |
91-9867159787 |
|
Date : |
21.06.2018 |
LOCATIONS
|
Registered Office : |
15-B Chander Mukhi Building Backbay Reclamation, Near Inox Theatre
Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-49229000/61799800 |
|
Mobile No.: |
91-9869244709 [Mr. Santosh Shetty] 91-9867159787 [Mr. Vikas Gupta] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
Plot No. 735, Kalamboli, Navi Mumbai – 410218, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Nakul Ravindrakumar Arya |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
6, Satlaj Terrace, 6th Floor, Walkeshwar Road, Mumbai – 400006, Maharashtra India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.11.1980 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.07.2012 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADEPA4689A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00372428 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ravi Maniram Arya |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
6, Satlaj Terrace, 6th Floor, Walkeshwar Road, Mumbai – 400006, Maharashtra India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.10.1954 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.07.2012 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AADPA7751M |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00767007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Varun Ravindrakumar Arya |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
7, Ahoora Mahal, 93, Marine Drive Mumbai – 400002, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.04.1984 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.07.2012 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEIPA6374F |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02684049 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Dharambir Singh Bisht |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 403, Hari Goavind Dham Society, Plot No 1
Ghansoli, Mumbai – 400701, Maharashtra, India |
|
Date of Appointment : |
31.03.2017 |
|
PAN No.: |
BBPPB1652Q |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
|
|
Ravi Maniram Arya |
|
3063890 |
|
Nakul Ravindrakumar Arya |
|
3063889 |
|
Varun Ravindrakumar Arya |
|
1777221 |
|
Ravi Arya HUF |
|
1286667 |
|
Nakul Arya HUF |
|
1286667 |
|
Arya Consolidated Private Limited |
|
1276667 |
|
Arya Prudent Services LLP |
|
1286666 |
|
Arya Voyagers Private Limited |
|
1286666 |
|
Aera Excellency Services LLP |
|
1171667 |
|
|
|
|
|
Total |
|
15500000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
67.60 |
|
Public/Other than promoters - Body corporate |
32.40 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader
and Importer of Iron and Steel. [Registered activity and also confirmed by
management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
|||||
|
Products : |
Iron and Steel |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|||||
|
Selling : |
Advance Payment, L/C, Cheque and Credit [30 days] |
||||
|
|
|
||||
|
Purchasing : |
Advance Payment, L/C, Cheque and Credit [30 days] |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
60 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Shah Taparia and Associates Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary : : [AS
ON 31.03.2016] |
Global Ships Private Limited |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management personnel and their
relatives : [AS ON 31.03.2016] |
U74120MH2013PTC247075
U72200HR2015PTC056208
U27100MH2010PTC202409
U74900MH2013PTC246584
U35110MH1983PTC030484
U74120MH2013PTC244429
U74900MH2012PTC237742
U67120MH2008PTC183600
U74120MH2014PTC252723
U74120MH2013PTC247353
U74120MH2012PTC235245
U51420MH2008PTC179965
U15130MH2004PTC144702
U72200MH2013PTC247628
U37100mh2002ptc138164
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15500000 |
Equity Shares |
INR 10/- each |
INR 155.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15500000 |
Equity Shares |
INR 10/- each |
INR 155.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
155.000 |
155.000 |
155.000 |
|
(b) Reserves &
Surplus |
52.617 |
32.466 |
15.280 |
|
(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) |
207.617 |
187.466 |
170.280 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
250.284 |
284.757 |
198.824 |
|
(b) Deferred tax liabilities
(Net) |
4.055 |
2.717 |
0.732 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.247 |
0.618 |
0.195 |
|
Total Non-current
Liabilities (3) |
255.586 |
288.092 |
199.751 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1525.316 |
1334.451 |
1065.281 |
|
(b) Trade payables |
181.234 |
58.206 |
112.320 |
|
(c) Other current
liabilities |
84.856 |
83.307 |
51.006 |
|
(d) Short-term provisions |
0.145 |
2.894 |
2.003 |
|
Total Current Liabilities
(4) |
1791.551 |
1478.858 |
1230.610 |
|
|
|
|
|
|
TOTAL |
2254.754 |
1954.416 |
1600.641 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
85.049 |
86.981 |
88.236 |
|
(ii) Intangible Assets |
0.454 |
0.681 |
0.817 |
|
(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 |
0.611 |
0.611 |
0.611 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.916 |
0.090 |
0.185 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
89.030 |
88.363 |
89.849 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
538.748 |
493.696 |
277.640 |
|
(c) Trade receivables |
1180.183 |
925.375 |
775.631 |
|
(d) Cash and cash
equivalents |
153.164 |
100.039 |
136.085 |
|
(e) Short-term loans and
advances |
288.596 |
342.774 |
297.267 |
|
(f) Other current assets |
5.033 |
4.169 |
24.169 |
|
Total Current Assets |
2165.724 |
1866.053 |
1510.792 |
|
|
|
|
|
|
TOTAL |
2254.754 |
1954.416 |
1600.641 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2820.019 |
2739.769 |
2767.887 |
|
|
|
Other Income |
0.000 |
0.880 |
0.939 |
|
|
|
TOTAL |
2820.019 |
2740.649 |
2768.826 |
|
|
|
[Increase in
order] |
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock-in-trade |
2660.924 |
2801.870 |
2492.023 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(45.053) |
(216.056) |
204.613 |
|
|
|
Employee Benefits Expenses |
45.730 |
29.890 |
9.087 |
|
|
|
Other Expenses |
53.097 |
56.116 |
32.188 |
|
|
|
TOTAL |
2714.698 |
2671.820 |
2737.911 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
105.321 |
68.829 |
30.915 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
74.770 |
41.275 |
5.230 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
30.551 |
27.554 |
25.685 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2.270 |
2.421 |
2.518 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
28.281 |
25.133 |
23.167 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.131 |
7.947 |
8.166 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
20.150 |
17.186 |
15.001 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
1.30 |
1.11 |
1.35 |
|
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover |
|
|
3200.000 |
|
|
|
|
|
The above information has been parted by Mr. Vikas Verma (Finance
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
21.349 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
(339.591) |
(453.299) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
152.75 |
123.28 |
102.28 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.39 |
2.96 |
3.57 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
24.86 |
7.58 |
16.45 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.20 |
0.14 |
0.11 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.23 |
0.79 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.91 |
0.90 |
0.89 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
8.55 |
8.64 |
7.42 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
8.63 |
7.89 |
7.23 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.41 |
0.47 |
0.52 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.41 |
1.67 |
5.91 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.71 |
0.63 |
0.54 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.89 |
0.88 |
0.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.71 |
9.17 |
8.81 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.21 |
1.26 |
1.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.91 |
0.93 |
1.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.09 |
0.10 |
0.11 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
11.46 |
10.45 |
8.16 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.21 |
1.26 |
1.23 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
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 |
155.000 |
155.000 |
155.000 |
|
Reserves & Surplus |
15.280 |
32.466 |
52.617 |
|
Net worth |
170.280 |
187.466 |
207.617 |
|
|
|
|
|
|
long-term borrowings |
198.824 |
284.757 |
250.284 |
|
Short term borrowings |
1065.281 |
1334.451 |
1525.316 |
|
Total borrowings |
1264.105 |
1619.208 |
1775.600 |
|
Debt/Equity ratio |
7.424 |
8.637 |
8.552 |
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 |
2767.887 |
2739.769 |
2820.019 |
|
|
|
(1.016) |
2.929 |
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 |
2767.887 |
2739.769 |
2820.019 |
|
Profit |
15.001 |
17.186 |
20.150 |
|
|
0.54% |
0.63% |
0.71% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
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 four 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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from directors |
NA |
85.151 |
|
Intercorporate deposits |
NA |
199.606 |
|
|
|
|
|
Total |
NA |
284.757 |
INDEX OF CHARGE:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C77079382 |
10406141 |
CENTRAL BANK OF INDIA |
02/01/2013 |
16/10/2015 |
- |
2000000000.0 |
CFB NARIMAN POINTBRANCH,CHANDER MUKHI,GROUND FLOORNARIMAN POINTMumbaiMH400021IN |
FIXED ASSETS:
- Office Building
- Furniture and Fixture
- Vehicle
- Motor Vehicle
- Office Equipment
- Computer Equipment
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 records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record exists
to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.81 |
|
|
1 |
INR 85.34 |
|
Euro |
1 |
INR 75.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
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.