|
|
|
MIRA INFORM REPORT
|
Report No. : |
516284 |
|
Report Date : |
26.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
PARAMOUNT POLYMERS PRIVATE LIMITED WILLOW POLYMERS PRIVATE LIMITED AMALGAMATED WITH
PARAMOUNT POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
102, Thaper Arcade, 47, Kalu Sarai, New Delhi - 110016 |
|
Tel. No.: |
91-2138-671208/ 671202 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
07.02.1991 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1991PTC042993 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 22.495
Million |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCP3860A |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
·
Manufacturing of Refrigerator Parts and Renting
of Property. [Registered Activity] ·
Manufacturer, Exporter, Buyer, Seller and Dealer of
Rubber and Plastic such as Tubes, Pipes, Cables, Gaskets in all the forms.
[As per Memorandum of Association] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 529000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1991 and it is engaged as
manufacturer, exporter, buyer, seller and dealer of rubber and plastic such as
tubes, pipes, cables, gaskets in all the forms. Management has failed to file its financials for the year 2017 with
Registrar of Companies. As per the financial record of March 2016 of Transferee Company, there
is growth in its revenue as compared to its previous year but has incurred
loss during the year. The company possesses average financial risk profile marked by
adequate networth base and average debt protection metrics. Rating continues to derive strength from its long and established track
record of its business operation backed by its well experienced management
team. However, rating strength gets partially offset by its non-availability
of latest financial and presence in highly competitive and fragmented
industry. Rating also gets constrained by the ongoing amalgamation process which
can be largely attributable to stretched liquidity position, debt refinancing
plans a materialization of its divestment/asset monetization plans. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. NOTE: As per the
Registrar of Companies the status of “WILLOW POLYMERS PRIVATE LIMITED” is
amalgamated into “PARAMOUNT POLYMERS PRIVATE LIMITED” [Transferee Company]. Management has confirmed that the subject company has been amalgamated
to “PARAMOUNT POLYMERS PRIVATE LIMITED” on 1st May 2018. |
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 26.06.2018
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 : |
Ms. Shital |
|
Designation : |
Human Resource |
|
Contact No.: |
91-2138-671208 |
|
Date : |
23.06.2018 |
|
Name : |
Mr. Aade |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-2138-671202 |
|
Date : |
23.06.2018 |
LOCATIONS
|
Registered Office : |
102, Thaper Arcade, 47, Kalu Sarai, New Delhi – 110016, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
F-18 M.I.D.C., Ranjangaon, Tal. Shirur, District Pune 412210, Maharashtra, India |
|
Tel. No.: |
91-2138-671208/ 671202 |
|
|
|
|
Factory 2 : |
Plot No. 728, G.I.D.C, Ankleshwar Industrial Estate, Bharuch (District) – 393002, Gujarat, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Aneesh Khurana |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
H. No. 1326, Sector-14, Faridabad 121007, Haryana, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.12.1967 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.02.1991 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00009582 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Reetika Khurana |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
H. No. 1326, Sector-14, Faridabad 121007, Haryana, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.01.1970 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.07.1992 |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00009589 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Bibhu Prasad Bhuyan |
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|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-14 Abhinandan Residensy, Jagtap Nagar Wanwadi, Pune - 411040, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.03.2018 |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
02685000 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vikas Makhija |
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|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
H. No. 6B, NH-5, M Block(5M/6B) Near DN Girls Collage, NIT Faridabad 121001, Haryana, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.05.2018 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
08137233 |
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KEY EXECUTIVES
|
Name : |
Ms. Shital |
|
Designation : |
Human Resource |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2016
|
Names of
Shareholders |
|
No. of Shares |
|
Aneesh Khurana |
|
120525 |
|
Reetika Khurana |
|
13280 |
|
Paramount Polish Processors Private Limited |
|
7022 |
|
Sai Reclamation Private Limited |
|
18074 |
|
Haldhar Trading Private Limited |
|
27443 |
|
Mahavishnu Merchand Private Limited |
|
20983 |
|
Pine Plasticizers Private Limited |
|
17625 |
|
|
|
|
|
Total |
|
224952 |
AS ON 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
59.48 |
|
Public/Other than promoters - Body Corporate |
40.52 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Manufacturing of Refrigerator Parts and Renting
of Property. [Registered Activity] ·
Manufacturer, Exporter, Buyer, Seller and Dealer of
Rubber and Plastic such as Tubes, Pipes, Cables, Gaskets in all the forms.
[As per Memorandum of Association] |
||||
|
|
|
||||
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Products : |
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||||
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|
||||
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Brand Names : |
Not Available |
||||
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|
||||
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Agencies Held : |
Not Available |
||||
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|
||||
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Exports : |
Not Divulged |
||||
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|
||||
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Imports : |
Not Divulged |
||||
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|
|
||||
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Terms : |
|
||||
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Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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|
|||||||||||||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· Canara Bank MCB Branch, 8A, Nehru Ground, NIT Faridabad – 121001, Haryana, India · SIDBI Jeevan Shree Building, S.No.1109, Plot No.488, Pune – 411016, Maharashtra, India · Deutsche Bank AG ECE House 28 Kasturba Gandhi Marg, New Delhi – 110001, India |
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|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Financial Institution : |
· Siemens Financial Services Private Limited Ground Floor, Tower B, JIL Building, Plot No 78, Near SBI Academy, Sector 18, Gurgaon – 122015, Haryana, India |
|
|
|
|
Auditors : |
|
|
Name : |
SPMR and Associates Chartered Accountants |
|
Address : |
Plot No. 8/1, Sector 10 DLF, Faridabad – 121007, Haryana, India |
|
PAN No.: |
AADFP3610N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
Ilpea Paramount Private Limited |
|
|
|
|
Enterprises over which Key Personnel (KMP) or relative having
significant influence : |
· Paramount Polish Processors Private Limited · Willow Polymers Private Limited · Sai Reclamation Private Limited · King Fisher Polymers Private Limited · Pine Packaging Private Limited · Pine Plasticizers Private Limited |
CAPITAL STRUCTURE
AFTER 30.09.2016
Authorised Capital : INR 210.100 Million
Issued, Subscribed & Paid-up Capital : INR 23.243
Million
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 100/- each |
INR 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
224952 |
Equity Shares |
INR 100/- each |
INR 22.495
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
22.495 |
22.495 |
22.495 |
|
(b) Reserves & Surplus |
162.677 |
163.433 |
156.624 |
|
(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) |
185.172 |
185.928 |
179.119 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
97.845 |
133.880 |
115.795 |
|
(b) Deferred tax liabilities (Net) |
9.093 |
3.190 |
6.683 |
|
(c)
Other long term liabilities |
1.247 |
4.648 |
4.398 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.154 |
|
Total
Non-current Liabilities (3) |
108.185 |
141.718 |
127.030 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
104.825 |
65.161 |
28.756 |
|
(b)
Trade payables |
57.271 |
50.549 |
33.736 |
|
(c)
Other current liabilities |
28.972 |
12.922 |
27.184 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
191.068 |
128.632 |
89.676 |
|
|
|
|
|
|
TOTAL |
484.425 |
456.278 |
395.825 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
116.455 |
102.055 |
109.056 |
|
(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 |
127.003 |
127.003 |
127.003 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
61.408 |
89.165 |
86.859 |
|
Total
Non-Current Assets |
304.866 |
318.223 |
322.918 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
59.829 |
49.028 |
24.985 |
|
(c)
Trade receivables |
69.227 |
43.559 |
31.332 |
|
(d)
Cash and cash equivalents |
34.548 |
10.790 |
11.105 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
5.286 |
|
(f)
Other current assets |
15.955 |
34.678 |
0.199 |
|
Total
Current Assets |
179.559 |
138.055 |
72.907 |
|
|
|
|
|
|
TOTAL |
484.425 |
456.278 |
395.825 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
119.358 |
94.363 |
92.982 |
|
|
|
Other Income |
5.243 |
13.357 |
4.747 |
|
|
|
TOTAL |
124.601 |
107.720 |
97.729 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
45.789 |
52.850 |
30.022 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
30.056 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(6.084) |
(23.793) |
(21.917) |
|
|
|
Employees benefits expense |
19.638 |
16.407 |
8.901 |
|
|
|
Other expenses |
29.498 |
24.284 |
24.901 |
|
|
|
TOTAL |
88.841 |
69.748 |
71.963 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
35.760 |
37.972 |
25.766 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
21.987 |
23.295 |
11.373 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
13.773 |
14.677 |
14.393 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.304 |
9.430 |
6.791 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
5.469 |
5.247 |
7.602 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.917 |
(1.560) |
6.155 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(1.448) |
6.807 |
1.447 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(6.44) |
30.26 |
6.85 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash generated from operations |
44.565 |
(25.840) |
16.261 |
|
|
|
|
|
|
Net Cash from operating activities
|
42.884 |
(24.145) |
17.649 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
211.70 |
168.49 |
122.99 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.72 |
2.17 |
2.97 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
456.53 |
349.11 |
204.96 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.60 |
0.77 |
1.03 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.31 |
0.37 |
0.24 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.60 |
0.58 |
0.52 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.09 |
1.07 |
0.81 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.03 |
0.69 |
0.50 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.63 |
0.55 |
0.61 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.63 |
1.63 |
2.27 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(1.21) |
7.21 |
1.56 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(0.30) |
1.49 |
0.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(0.78) |
3.66 |
0.81 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.94 |
1.07 |
0.81 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.63 |
0.69 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.38 |
0.41 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.01 |
8.85 |
6.43 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.94 |
1.07 |
0.81 |
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
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
22.495 |
22.495 |
22.495 |
|
Reserves & Surplus |
156.624 |
163.433 |
162.677 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
179.119 |
185.928 |
185.172 |
|
|
|
|
|
|
Long-term borrowings |
115.795 |
133.880 |
97.845 |
|
Short term borrowings |
28.756 |
65.161 |
104.825 |
|
Total
borrowings |
144.551 |
199.041 |
202.670 |
|
Debt/Equity
ratio |
0.807 |
1.071 |
1.094 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
92.982 |
94.363 |
119.358 |
|
|
|
1.485 |
26.488 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
92.982 |
94.363 |
119.358 |
|
Profit/ (Loss) |
1.447 |
6.807 |
(1.448) |
|
|
1.56% |
7.21% |
-1.21% |
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 |
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 |
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G76715929 |
100154074 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
30/01/2018 |
- |
- |
5574912.0 |
BRANCH OFFICE-GROUND FLOOR, TOWER B, JIL BUILDINGPLOT NO 78, NEAR SBI ACADEMY, SECTOR 18,GURGAONHR122015IN |
|
2 |
G50307032 |
100115610 |
CANARA BANK |
14/07/2017 |
- |
- |
850000.0 |
MCB BRANCH, 8A, NEHRU GROUND,NITFARIDABADHR121001IN |
|
3 |
G48986939 |
100089677 |
SIDBI |
22/03/2017 |
28/06/2017 |
- |
100000000.0 |
JEEVAN SHREE BUILDING, S.NO.1109, PLOT NO.488,PUNEMH411016IN |
|
4 |
G37089398 |
100080121 |
CANARA BANK |
02/02/2017 |
- |
- |
2850000.0 |
MCB BRANCH, 8A, NEHRU GROUND,NIT,FARIDABADHR121001IN |
|
5 |
G39532270 |
100086592 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
31/01/2017 |
- |
- |
19329000.0 |
130, PANDURANG BUDHKAR MARG,WORLIMUMBAIMA400018IN |
|
6 |
G33022591 |
100072928 |
DEUTSCHE BANK AG |
01/12/2016 |
- |
- |
54500000.0 |
ECE HOUSE28 KASTURBA GANDHI MARGNEW DELHIDL110001IN |
|
7 |
G33060567 |
100072933 |
DEUTSCHE BANK AG |
01/12/2016 |
- |
- |
63500000.0 |
ECE HOUSE28 KASTURBA GANDHI MARGNEW DELHIDL110001IN |
|
8 |
C70490529 |
10577238 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
02/07/2015 |
20/11/2015 |
- |
17000000.0 |
JEEVAN SHREE BUILDING, S.NO.1109, PLOT NO.488,PUNE UNIVERSITY ROAD, SHIVAJINAGAR,PUNEMH411016IN |
|
9 |
C43514736 |
10548929 |
BAJAJ FINANCE LIMITED |
05/02/2015 |
- |
- |
44000000.0 |
AKURDI PUNE-PUNEMH411035IN |
|
10 |
C36035194 |
10535034 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
08/12/2014 |
- |
- |
7000000.0 |
VIDEOCON TOWER, GROUND FLOOR,E-1, RANI JHANSI ROAD, JHANDEWALAN EXTENSION,NEW DELHIDL110055IN |
|
11 |
B96050257 |
10476828 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
07/02/2014 |
- |
- |
43500000.0 |
VIDEOCON TOWER, GROUND FLOOR,E-1, RANI JHANSI ROAD, JHANDEWALAN EXTENSION,NEW DELHIDL110055IN |
|
12 |
B82936899 |
10444714 |
AXIS BANK LTD. |
02/08/2013 |
- |
- |
26000000.0 |
PLOT NO. 40, SCO, SECTOR 7,HUDA MAIN MARKET, BALLABGARHFARIDABADHR121006IN |
|
13 |
B94138575 |
10444707 |
AXIS BANK LTD. |
02/08/2013 |
19/12/2013 |
- |
20500000.0 |
PLOT NO. 40, SCO, SECTOR 7,HUDA MAIN MARKET, BALLABHGARH,FARIDABADHR121006IN |
|
14 |
B78557436 |
10434470 |
STANDARD CHARTERED BANK |
28/06/2013 |
- |
- |
30000000.0 |
H-2 CONNAUGHT PLACENEW DELHIDL110001IN |
|
15 |
B68177625 |
10403186 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
14/02/2013 |
- |
- |
15000000.0 |
JEEVAN SHREE BUILDING, GROUND FLOOR, S.NO.1109PLOT NO.488,UNIVERSITY ROAD, NR.PUNE CENTRAL MALLPUNEMH411016IN |
|
16 |
B14653638 |
10273360 |
STANDARD CHARTERED BANK |
18/03/2011 |
11/05/2011 |
- |
14700000.0 |
CREDIT RISK CONTROLNARAIN MANZIL, 23 BARAKHAMBA ROADNEW DELHIDL110001IN |
|
17 |
C78333978 |
10263995 |
CANARA BANK |
11/01/2011 |
02/12/2015 |
- |
125000000.0 |
8A, NEHRU GROUNDNITFARIDABADHR121001IN |
|
18 |
A98976293 |
10250923 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
16/11/2010 |
- |
- |
100000000.0 |
JEEVAN SHREE BUILDING,GROUND FLOOR, S.NO. 1109,PLOT NO.488,GANESHKHIND ROAD,NR. PUNE CENTRAL MALLPUNEMH411005IN |
|
19 |
A98994486 |
10250939 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
16/11/2010 |
- |
- |
100000000.0 |
JEEVAN SHREE BUILDING,GROUND FLOOR, S.NO. 1109,PLOT NO.488,GANESHKHIND ROAD,NR. PUNE CENTRAL MALLPUNEMH411005IN |
|
20 |
A98955081 |
10251889 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
15/11/2010 |
- |
- |
100000000.0 |
JEEVAN SHREE BUILDING,GROUND FLOOR, S.NO. 1109,PLOT NO.488,GANESHKHIND ROAD,NR. PUNE CENTRAL MALLPUNEMH411005IN |
|
21 |
B42203943 |
10033996 |
CANARA BANK |
08/01/2007 |
19/06/2012 |
- |
19900000.0 |
8A, NEHRU GROUNDNITFARIDABADHR121001IN |
|
22 |
B62024724 |
90336398 |
STANDARD CHARTERED BANK |
13/06/2005 |
05/11/2012 |
- |
159910000.0 |
CREDIT DOCUMENTATION UNITNARAIN MANZIL, 23 BARAKHAMBA ROADNEW DELHIDL110001IN |
|
23 |
Y10130640 |
90050545 |
HSBC LTD. |
08/04/2004 |
19/07/2004 |
- |
36600000.0 |
ECE HOUSE; 1ST FLOOR28 K.G. MARGNEW DELHIDL110001IN |
|
24 |
A96644851 |
90041992 |
CANARA BANK |
04/08/1997 |
24/09/2010 |
- |
188900000.0 |
8A, NEHRU GROUNDNITFARIDABADHR121001IN |
|
25 |
Y10136706 |
90056611 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
24/09/1996 |
- |
- |
4000000.0 |
VIKAS DEEP22; STATION ROADLUCKNOWHR226019IN |
|
26 |
Y10121854 |
90041759 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
04/09/1996 |
- |
- |
4000000.0 |
VIKAS DEEP22; STATION ROADLUCKNOWUP226019IN |
|
27 |
C14880363 |
90043620 |
CANARA BANK |
11/12/2002 |
02/04/2003 |
17/07/2014 |
1000000.0 |
8-ANEHRU GROUNDFARIDABADHRIN |
|
28 |
C14991954 |
90041175 |
CANARA BANK |
28/01/1994 |
25/02/1997 |
17/07/2014 |
1000000.0 |
8-ANEHRU GROUNDFARIDABADHRIN |
|
29 |
C14872352 |
90058516 |
CANARA BANK |
07/05/2004 |
13/08/2004 |
17/07/2014 |
14950000.0 |
8-ANEHRU GROUNDFARIDABADHRIN |
|
30 |
C14890040 |
90041269 |
CANARA BANK |
14/07/1994 |
14/07/1994 |
17/07/2014 |
4900000.0 |
8-ANEHRU GROUNDFARIDABADHRIN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loan from director and their relatives |
49.939 |
16.129 |
|
|
|
|
|
Total |
49.939 |
16.129 |
CORPORATE
INFORMATION
Subject is a Private Limited Company in India and incorporated under the
provisions of the Companies Act, 1956. It came into existence on 07.02.1991
with the main object to carry out the business of Manufacturing of Refrigerator
parts and renting of property.
OPERATIONAL
REVIEW:
The Company has reported total revenue of INR 119.358 Million for the current year as compared to INR 94.363 Million in the previous year. The Loss for the year amounted to INR 1.448 Million in the current year as compared to Profit of INR 6.807 Million in the previous year.
FIXED ASSETS:
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixture
· Computer
· Vehicles
· Office Equipment
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 68.15 |
|
UK Pound |
1 |
INR 90.27 |
|
Euro |
1 |
INR 79.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV / SHI |
|
|
|
|
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.