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|
|
MIRA INFORM REPORT
|
Report No. : |
515985 |
|
Report Date : |
25.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
ZIRCON EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2/25, WHS, Kirti Nagar, New Delhi – 110015, Delhi |
|
Tel No.: |
91-11-25423935 / 4142 0433 / 2545 7179 |
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|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
07.07.1994 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1994PTC060093 |
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|
|
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Capital Investment
/ Paid-up Capital : |
INR 33.065 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ0075D |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
06AAACZ0075D1ZO |
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|
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|
Legal Form : |
Private Limited Liability Company. |
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|
Line of Business
: |
The Company is Engaged in Manufacturing and Trading of Sawn Timber and
Timber Products. (Registered activity) |
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|
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|
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 250000 |
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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 incorporated in the year 1994 and it is engaged in
manufacturing and trading of sawn timber and timber products. As per the financials of March 2017, the company has registered decent
growth in its revenue and has reported minimal profit margin. Rating takes into consideration the company’s established track record
of business operation marked by sound net worth along with strong debt
coverage indicators and decent liquidity position. Payments seems to be slow but 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 (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 |
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 25.06.2018
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 DENIED BY
|
Name : |
Mr. Natwar |
|
Designation : |
Account Manager |
|
Contact No.: |
91-11-25423935 |
|
Date : |
19.06.2018 |
LOCATIONS
|
Registered Office : |
2/25, WHS, Kirti Nagar, New Delhi – 110015, Delhi, India |
|
Tel. No.: |
91-11-25423935 / 4142 0433 / 2545 7179 |
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Fax No.: |
91- 11 25152865 |
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E-Mail : |
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Website : |
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Gujarat Office: |
Survey # 79/1,2,3 and 80/1,2, Padana Gandhdiham – 370201, Gujarat, India |
|
Tel. No.: |
91-2836-286247 |
|
Fax No.: |
91-2836-286248 |
|
|
|
|
Head Office : |
Plot No. 107, Sector-3, Padana, Gandhidham, Gujarat, India |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Sanjeev Jajodia |
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|
Designation : |
Director |
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|
Address : |
E-107, Greater Kailash-II, New Delhi – 110048, Delhi, India |
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Date of Birth/Age : |
30.08.1972 |
||||||||
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Date of Appointment : |
04.08.2001 |
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PAN No.: |
ADEPJ8234R |
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DIN No.: |
00190630 |
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|
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|
Name : |
Mr. Krishna Murari Jajodia |
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|
Designation : |
Director |
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|
Address : |
P.O.Box-264, 393, Sector-5 Sathwara Colony,Gandhidham Kutch – 370201, Gujarat, India |
||||||||
|
Date of Birth/Age : |
03.06.1964 |
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Date of Appointment : |
01.04.2009 |
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PAN No.: |
AEVPJ1455R |
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DIN No.: |
00201791 |
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Other Directorship:
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Name : |
Mrs. Sunita Jajodia |
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Designation : |
Director |
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|
Address : |
P.O. Box-264, 393, Sector-5, Sathwara Colony, Gandhidham Kutch – 370201, Gujarat, India |
||||||||
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Date of Birth/Age : |
17.07.1966 |
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Date of Appointment : |
04.08.2001 |
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PAN No.: |
AEVPJ1454Q |
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DIN No.: |
00201833 |
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|
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Name : |
Mrs. Suman Jajodia |
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Designation : |
Director |
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|
Address : |
E-107, Greater Kailash-II, New Delhi – 110048, Delhi, India |
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|
Date of Birth/Age : |
06.10.1970 |
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|
Date of Appointment : |
21.12.2005 |
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PAN No.: |
ABXPJ0018K |
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DIN No.: |
00201884 |
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KEY EXECUTIVES
|
Name : |
Mr. Natwar |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Jajodia Devi Sunita |
|
409200 |
|
Jajodia Kumar Sanjeev |
|
528100 |
|
Jajodia Kjshore Jugal |
|
500 |
|
Janaksons Import Export Pvt. Ltd |
|
85000 |
|
United White Metalt Ltd |
|
210000 |
|
Sushash Taneja |
|
10000 |
|
Jugal Kishore Jajodia HUF |
|
24000 |
|
Raj Kumar Jajodia HUF |
|
36500 |
|
Raj Kumar Jajodia |
|
115500 |
|
Nirmala Devi Jajodia |
|
282700 |
|
Suman Jajooia |
|
21550 |
|
Krishna Murarj Jajodia |
|
508700 00 |
|
Manoj Kumar Jajodia |
|
500 |
|
Tirupati Trade Links Pvt Ltd. |
|
580200 |
|
Chandan Ben Mani Bhai gala |
|
100 |
|
Chhaya Rajesh Nagada |
|
100 |
|
Rajesh M Nagada |
|
100 |
|
Yashu Jajodia |
|
100 |
|
Rahul Jajodia |
|
105300 |
|
Jajodia Kumar Sanjeev HUF |
|
115700 |
|
Krishna Murari Jajodia HUF |
|
42250 |
|
|
|
36550 |
|
Total |
|
3306500 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter - (Individual/ Hindu Undivided Family
– Indian) |
73.22 |
|
Public - Other than Promoters - Bodies
corporate |
26.47 |
|
Public – Others (Individual shareholding) |
0.31 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is Engaged in Manufacturing and Trading of Sawn Timber and
Timber Products. (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
|
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 : |
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|
Name : |
Sanjay Chopra and Company Chartered Accountants |
|
Address : |
G – 80, Lajpat Nagar – 1, New Delhi – 110024, Delhi, India |
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Tel. No.: |
91-11-29818446 |
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Mobile No.: |
91-9560998500 / 01 |
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Income-tax
PAN of auditor or auditor's firm : |
AARFS3500L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates Company: |
Jajodia Trade Invest Private Limited |
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|
|
Related Parties : |
· Tirupati Tradelinks Private Limited · Jugal Kishore Jajodia (HUF) · Raj Kumar Jajodia (HUF) · Krishan Murari Jajodia (HUF) · Sanjeev Jajodia (HUF) |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
INR 10/- each |
INR 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3306500 |
Equity Shares |
INR 10/- each |
INR 33.065
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 |
33.065 |
33.065 |
33.065 |
|
(b) Reserves & Surplus |
53.673 |
52.545 |
46.015 |
|
(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) |
86.738 |
85.610 |
79.080 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
52.689 |
48.837 |
61.222 |
|
(b) Deferred tax liabilities
(Net) |
6.428 |
5.740 |
9.848 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
59.117 |
54.577 |
71.070 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
10.382 |
0.000 |
7.174 |
|
(b) Trade payables |
278.209 |
253.918 |
275.045 |
|
(c) Other current liabilities |
12.904 |
13.623 |
17.236 |
|
(d) Short-term provisions |
1.062 |
1.127 |
2.571 |
|
Total
Current Liabilities (4) |
302.557 |
268.668 |
302.026 |
|
|
|
|
|
|
TOTAL |
448.412 |
408.855 |
452.176 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
54.791 |
60.968 |
67.232 |
|
(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 |
1.344 |
1.344 |
1.294 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
56.135 |
62.312 |
68.526 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
123.889 |
102.898 |
103.935 |
|
(c) Trade receivables |
221.910 |
182.464 |
205.619 |
|
(d) Cash and cash equivalents |
23.440 |
33.166 |
38.256 |
|
(e) Short-term loans and
advances |
22.445 |
27.431 |
29.418 |
|
(f) Other current assets |
0.593 |
0.584 |
6.422 |
|
Total
Current Assets |
392.277 |
346.543 |
383.650 |
|
|
|
|
|
|
TOTAL |
448.412 |
408.855 |
452.176 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
566.641 |
496.883 |
633.888 |
|
|
Other Income |
1.659 |
14.210 |
7.915 |
|
|
TOTAL
|
568.300 |
511.093 |
641.803 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
362.562 |
271.802 |
481.281 |
|
|
Purchases of Stock-in-Trade |
137.697 |
148.209 |
83.830 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(24.918) |
19.324 |
(1.677) |
|
|
Employees benefits expense |
12.853 |
9.237 |
8.813 |
|
|
Other expenses |
57.171 |
40.481 |
28.119 |
|
|
TOTAL |
545.365 |
489.053 |
600.366 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
22.935 |
22.040 |
41.437 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
13.663 |
11.496 |
20.202 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.272 |
10.544 |
21.235 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
6.580 |
6.908 |
8.451 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.692 |
3.636 |
12.784 |
|
|
|
|
|
|
|
Less |
TAX |
1.564 |
(2.894) |
6.876 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1.128 |
6.530 |
5.908 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
0.03 |
0.2 |
0.18 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.335 |
0.304 |
0.360 |
|
Cash generated from operations |
N.A |
N.A |
N.A |
|
Net cash flow from operating activity |
N.A |
N.A |
N.A |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
142.94 |
134.03 |
118.40 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.55 |
2.72 |
3.08 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
202.99 |
220.66 |
177.65 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.19 |
0.21 |
0.40 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.41 |
0.36 |
0.60 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.79 |
0.78 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.73 |
0.57 |
0.86 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.49 |
3.14 |
3.82 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.65 |
0.71 |
0.87 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.68 |
1.92 |
2.05 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
0.20 |
1.31 |
0.93 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.25 |
1.60 |
1.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.30 |
7.63 |
7.47 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.30 |
1.29 |
1.27 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.89 |
0.91 |
0.93 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.19 |
0.21 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.91 |
1.48 |
2.07 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.30 |
1.29 |
1.27 |
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 |
33.065 |
33.065 |
33.065 |
|
Reserves & Surplus |
46.015 |
52.545 |
53.673 |
|
Net
worth |
79.080 |
85.610 |
86.738 |
|
|
|
|
|
|
Long Term borrowings |
61.222 |
48.837 |
52.689 |
|
Short Term borrowings |
7.174 |
0.000 |
10.382 |
|
Total
borrowings |
68.396 |
48.837 |
63.071 |
|
Debt/Equity
ratio |
0.865 |
0.570 |
0.727 |
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
|
633.888 |
496.883 |
566.641 |
|
|
|
(21.613) |
14.039 |
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
|
633.888 |
496.883 |
566.641 |
|
Profit |
5.908 |
6.530 |
1.128 |
|
|
0.93% |
1.31% |
0.20% |
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
BRIEF DESCRIPTION OF
THE STATE OF THE COMPANY’S AFFAIRS
Directors are optimistic about company’s business and hopeful of better performance with increased revenue in next year. There was no change in the nature of business of company.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loan and advance from Related Party |
46.147 |
42.292 |
|
Loan and advance from Others |
5.805 |
5.474 |
|
|
|
|
|
Total |
51.952 |
47.766 |
INDEX
OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
B95527867 |
10475672 |
The Karur Vysya Bank Ltd |
15/01/2014 |
- |
- |
298750000.0 |
Ramesh Nagar, Branch B-97, Sharadapuri, Radhey Shyam Mandir Chowk, Ramesh Nagar, New Delhi – 110015, Delhi, India |
|
2 |
B42764282 |
10363344 |
HDFC Bank Limited |
05/06/2012 |
- |
- |
660000.0 |
HDFC Bank House, Senapati Bapat Marglower Parel, West, Mumbai – 400013, Maharashtra, India |
|
3 |
B90378514 |
10007020 |
State Bank of Mysore |
04/05/2006 |
- |
23/11/2013 |
22000000.0 |
Antriksha Bhawan, 22 - K. G. Marg, Connaught Place, new Delhi – 110001, Delhi, India |
|
4 |
B90510264 |
90036767 |
State Bank of Mysore |
18/09/2001 |
27/03/2010 |
23/11/2013 |
250000000.0 |
Antriksha Bhawan, 22 - K. G. Marg, Connaught Place, new Delhi – 110001, Delhi, India |
|
5 |
B90509019 |
10008271 |
State Bank of Mysore |
04/05/2006 |
- |
23/11/2013 |
35000000.0 |
Antriksha Bhawan, 22 - K. G. Marg, Connaught Place, new Delhi – 110001, Delhi, India |
|
6 |
B90385519 |
90038011 |
State Bank of Mysore |
29/03/2003 |
- |
23/11/2013 |
15000000.0 |
Antriksha Bhawan, 22 - K. G. Marg, Connaught Place, new Delhi – 110001, Delhi, India |
|
7 |
B90410010 |
10008346 |
State Bank of Mysore |
05/05/2006 |
29/03/2010 |
23/11/2013 |
580000000.0 |
Antriksha Bhawan, 22 - K. G. Marg, Connaught Place, new Delhi – 110001, Delhi, India |
|
8 |
B90507377 |
10008348 |
State Bank of Mysore |
04/05/2006 |
- |
23/11/2013 |
6000000.0 |
Antriksha Bhawan, 22 - K. G. Marg, Connaught Place, new Delhi – 110001, Delhi, India |
|
9 |
B90508177 |
80005779 |
State Bank of Mysore |
19/08/2004 |
27/03/2010 |
23/11/2013 |
30000000.0 |
Antriksha Bhawan, 22 - K. G. Marg, Connaught Place, new Delhi – 110001, Delhi, India |
|
10 |
B90510850 |
80005826 |
State Bank of Mysore |
19/08/2004 |
05/05/2006 |
23/11/2013 |
42500000.0 |
Antriksha Bhawan, 22 - K. G. Marg, Connaught Place, new Delhi – 110001, Delhi, India |
CONTINGENT
LIABILITIES:
Contingent Liabilities (excluding interest, wherever applicable) not provided for in report of:-
i) Outstanding Uncommitted Letters of Credit INR 13.217 million (Previous year INR 32.661 million)
ii) Company has filed an appeal before Joint Commissioner against demand notice dated 14.02.2012 issued by VAT Department, Delhi for INR 1359.822 million for the year 2011-12, which has been remanded back jurisdiction officer for final disposal. The liability against this has not been provided in books as the management is of the view that the final decision of the case will be in the favour of the company.
FIXED ASSETS
·
Land
·
Buildings
·
Plant and Machinery
·
Furniture and Fixture
·
Vehicles
·
Office Equipment
·
Computer
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
|
INR |
|
US Dollar |
1 |
INR 67.82 |
|
UK Pound |
1 |
INR 90.14 |
|
Euro |
1 |
INR 79.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
PRN |
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.