|
|
|
MIRA
INFORM REPORT
|
Report No. : |
516702 |
|
Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
RANA UDYOG PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
18D, Everest House, 46C, Jawaharlal Nehru Road, Kolkata – 700071, West
Bengal |
|
Tel. No.: |
91-33-30521120 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
04.05.1995 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB1995PTC071361 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 45.550 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR4636F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing
of all types of machineries including ferrous and non-ferrous, hot and cold
rolling and re-rolling mills and equipments, spare parts and accessories. (Registered
Activity) |
|
|
|
|
No. of Employees
: |
Information denied 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 |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1995. It is a manufacturer of all types of machineries including ferrous and non-ferrous, hot and cold rolling and re-rolling mills and equipment’s, spare parts and accessories.
|
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 |
Long Term= B- |
|
Rating Explanation |
Risk-prone-credit-quality and carries very
high credit risk |
|
Date |
18.09.2017 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term = A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
18.09.2017 |
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 28.06.2018
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. Harinderpal Singh Nagi |
|
Designation : |
Manager |
|
Contact No.: |
91-33-30521120 |
|
Date : |
25.06.2018 |
Mobile No.:91-9831628932 (Switched off)
LOCATIONS
|
Registered / Corporate Office : |
18-C, Everest, 46/ C, Chowringhee Road, Kolkata – 700071, West Bengal,
India |
|
Tel. No.: |
91-33-30521120 |
|
Mobile No.: |
91-9869466314 (Mr. Harinderpal Singh Nagi) |
|
Fax No.: |
91-33-22881121 |
|
E-Mail : |
birinder@ranaudyog.com
|
|
Website : |
|
|
|
|
|
Head Office : |
18D, Everest House, 46C, Jawaharlal Nehru Road, Kolkata – 700071, West
Bengal, India |
|
Tel. No.: |
91-33-30521120 |
|
Fax No.: |
91-33-22881121/ 9247 |
|
|
|
|
Factory 1: |
Village Sulati, NH6, Howrah-711302, West Bengal, India |
|
Tel. No.: |
91-33-65335516 |
|
|
|
|
Factory 2: |
147/1/1
J. N. Mukherjee Road, Ghusuri, Howrah-71 1107, West Bengal, India |
|
Tel. No.: |
91-33-26555031 |
|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Tejinder Singh |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
3/1, Mandevilie Garden, Kolkata – 700019, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.03.1971 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.05.1995 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00107721 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Amardeep Singh |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
3/1, Mandevilie Garden, Kolkata – 700019, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.08.1960 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.05.1995 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00107756 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Harjinder Kaur Dhanjal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
3/1, Mandevilie Garden, Kolkata – 700019, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2016 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00430339 |
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|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Bevlyn Saini |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
3/1, Mandevilie Garden, Kolkata – 700019, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.12.1974 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.09.2002 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00430385 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Harinderpal Singh Nagi |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Amardeep Singh |
|
70600 |
|
Tejinder Singh |
|
99660 |
|
Ramnik Kaur |
|
38260 |
|
Bevlyn Saini |
|
6000 |
|
Harjinder Kaur |
|
25000 |
|
Jitendra Singh Dhanjal |
|
18400 |
|
Sonia Kriplani |
|
10000 |
|
Gurvinder Kaur Dhanjal |
|
75240 |
|
Bhupinder Singh |
|
18240 |
|
Bharat Roll Industry Private Limited, |
|
150000 |
|
Bharat Roll Industry Private Limited, |
|
700000 |
|
Modern Ispat Private Limited |
|
150000 |
|
Gayson and Company Private Limited |
|
1750000 |
|
Bharat Roll Industry Private Limited, India |
|
1350000 |
|
Amarjit Kaur Saini |
|
93600 |
|
Total |
|
4555000 |
AS ON 29.09.2017
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
9.99 |
|
Promoters (Body corporate) |
90.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
of all types of machineries including ferrous and nonferrous, hot and cold
rolling and re-rolling mills and equipments, spare parts and accessories.
(Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
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|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
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 : |
Information denied by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Ghosh and Pande Chartered Accountants |
|
Address : |
Mercantile Building, Block-A, Room No.-59, 9, Lalbazar Street, 2nd
floor, Kolkata-700001, West Bengal, India |
|
Tel. No.: |
91-33-22304638 |
|
Fax No.: |
91-33-22304852 / 22312731 |
|
E-Mail : |
|
|
PAN No.: |
AACFG0980H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Companies
: |
CIN No.: U55101WB2006PTC112253
CIN No.: U27109WB1999PTC090281
CIN No.: U27109WB2006PTC111808 |
|
|
|
|
Enterprise/Companies
over which Director/Key Management Personnel are able to exercise significant
influence : |
|
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4555000 |
Equity Shares |
INR 10/- each |
INR 45.550 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 |
45.550 |
45.550 |
45.550 |
|
(b) Reserves &
Surplus |
99.567 |
100.069 |
100.220 |
|
(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) |
145.117 |
145.619 |
145.770 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.459 |
0.000 |
0.600 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.608 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.434 |
4.214 |
4.040 |
|
Total Non-current
Liabilities (3) |
4.893 |
4.214 |
5.248 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
118.321 |
121.998 |
113.071 |
|
(b) Trade payables |
63.423 |
66.884 |
103.573 |
|
(c) Other current
liabilities |
223.193 |
209.479 |
187.324 |
|
(d) Short-term provisions |
2.564 |
2.426 |
2.533 |
|
Total Current Liabilities
(4) |
407.501 |
400.787 |
406.501 |
|
|
|
|
|
|
TOTAL |
557.511 |
550.620 |
557.519 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
63.026 |
71.148 |
83.112 |
|
(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 |
62.108 |
62.108 |
62.996 |
|
(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 |
1.372 |
1.238 |
1.678 |
|
Total Non-Current Assets |
126.506 |
134.494 |
147.786 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
200.944 |
230.266 |
248.516 |
|
(c) Trade receivables |
86.655 |
107.371 |
82.081 |
|
(d) Cash and cash
equivalents |
37.288 |
5.313 |
4.862 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
106.118 |
73.176 |
74.274 |
|
Total Current Assets |
431.005 |
416.126 |
409.733 |
|
|
|
|
|
|
TOTAL |
557.511 |
550.620 |
557.519 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
193.694 |
184.685 |
298.119 |
|
|
Other Income |
24.749 |
23.629 |
31.588 |
|
|
TOTAL |
218.443 |
208.314 |
329.707 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
99.947 |
115.787 |
143.949 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
1.230 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
37.695 |
11.520 |
85.302 |
|
|
Returns out of previous
year sale |
0.000 |
0.000 |
1.434 |
|
|
Employees benefits expense |
25.940 |
28.744 |
31.090 |
|
|
Prior period items |
0.000 |
0.037 |
0.004 |
|
|
Exceptional items |
0.000 |
0.000 |
2.500 |
|
|
Other expenses |
32.271 |
27.204 |
36.877 |
|
|
TOTAL |
195.853 |
183.292 |
302.386 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
22.590 |
25.022 |
27.321 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
13.214 |
13.021 |
12.937 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
9.376 |
12.001 |
14.384 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.300 |
11.964 |
15.821 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.076 |
0.037 |
(1.437) |
|
|
|
|
|
|
|
Less |
TAX |
0.578 |
0.188 |
(0.893) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
(0.502) |
(0.151) |
(0.544) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
94.751 |
94.902 |
95.446 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
94.249 |
94.751 |
94.902 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.11) |
(0.03) |
(0.12) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.279 |
1.200 |
2.653 |
|
Cash generated from operations |
32.510 |
(16.578) |
(32.163) |
|
Net cash from operating activities |
32.027 |
(16.605) |
(32.354) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
163.29 |
212.20 |
100.50 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.24 |
1.72 |
3.63 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
231.62 |
210.84 |
260.40 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.11 |
0.11 |
0.11 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.36 |
0.35 |
0.33 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.73 |
0.73 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.82 |
0.85 |
0.80 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.81 |
2.75 |
2.79 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.43 |
0.49 |
0.57 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.71 |
1.92 |
2.11 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(0.26) |
(0.08) |
(0.18) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(0.09) |
(0.03) |
(0.10) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(0.35) |
(0.10) |
(0.37) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.06 |
1.04 |
1.01 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.56 |
0.46 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.26 |
0.26 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.61 |
2.70 |
2.55 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.06 |
1.04 |
1.01 |
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 |
45.550 |
45.550 |
45.550 |
|
Reserves & Surplus |
100.220 |
100.069 |
99.567 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
145.770 |
145.619 |
145.117 |
|
|
|
|
|
|
long-term borrowings |
0.600 |
0.000 |
0.459 |
|
Short term borrowings |
113.071 |
121.998 |
118.321 |
|
Current maturities of
long-term debts |
2.653 |
1.200 |
0.279 |
|
Total
borrowings |
116.324 |
123.198 |
119.059 |
|
Debt/Equity
ratio |
0.798 |
0.846 |
0.820 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
298.119 |
184.685 |
193.694 |
|
|
|
(38.050) |
4.878 |
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 |
298.119 |
184.685 |
193.694 |
|
Profit/(Loss) |
(0.544) |
(0.151) |
(0.502) |
|
|
(0.18)% |
(0.08)% |
(0.26)% |
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 |
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 |
Yes |
|
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 |
Brief description of
the Company’s working during the Year/State of Company affair
Income from operations and profit before tax aggregated to INR 218.443 million and INR 0.076 million, respectively as compared to income of INR 208.314 million and profit before tax of INR 0.037 million during the previous year. Profit after tax stood at INR (0.502) million as compared to profit after tax of INR (0.151) million during the previous year.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Short-term
borrowings |
|
|
|
Loans and advances
from related parties : |
|
|
|
Amardeep Singh |
26.411 |
31.234 |
|
Ramnik Kaur |
0.168 |
0.168 |
|
Amandeep Singh |
3.522 |
3.522 |
|
Mandeep Singh |
1.090 |
1.090 |
|
Total |
31.191 |
36.014 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
B80404429 |
10438907 |
IDBI Bank Limited |
27/06/2013 |
- |
- |
140000000.0 |
IDBI House, 44 Shakespeare Sarani, 44 Shakespeare Sarani, Kolkata-700017, West Bengal, India |
|
2 |
B32684334 |
10336882 |
THE FEDERAL BANK LTD |
14/02/2012 |
- |
- |
950000000.0 |
Kolkata Overseas Branch, 'Shakespeare Court'21A, Shakespeare Sarani, 1st Floor, Kolkata-700017, West Bengal, India |
|
3 |
B28064699 |
10284493 |
THE FEDERAL BANK LTD |
21/04/2011 |
24/11/2011 |
- |
1000000000.0 |
Kolkata Overseas Branch, 'Shakespeare Court'21A, Shakespeare Sarani, 1st Floor, Kolkata-700017, West Bengal, India |
|
4 |
B73094054 |
10116734 |
IDBI Bank Limited |
19/07/2008 |
28/03/2013 |
- |
95000000.0 |
Corporate Banking Group, Kolkata, IDBI House44, Shakespeare Sarani, Near Kala Mandir, Kolkata-700017, West Bengal, India |
|
5 |
G07955370 |
80009175 |
West Bengal Financial Corporation |
30/12/2005 |
28/03/2013 |
15/07/2016 |
80000000.0 |
12-A, Netaji Subhas Road3rd and 4th Floor, Kolkata-700001, West Bengal, India |
|
6 |
C03986817 |
90246002 |
THE FEDERAL BANK LTD |
26/02/2003 |
12/08/2009 |
24/04/2014 |
45000000.0 |
Kolkata Overseas Branch, 'Shakespeare Court'21A, Shakespeare Sarani, 1st Floor, Kolkata-700017, West Bengal, India |
|
7 |
C04059739 |
80040698 |
THE FEDERAL BANK LTD |
26/02/2003 |
28/03/2013 |
24/04/2014 |
45000000.0 |
Kolkata Overseas Branch, 'Shakespeare Court'21A, Shakespeare Sarani, 1st Floor, Kolkata-700017, West Bengal, India |
|
8 |
B14110332 |
80063240 |
Axis bank Ltd |
30/03/2006 |
- |
03/06/2011 |
49500000.0 |
Kolkata Overseas Branch, 'Shakespeare Court'21A, Shakespeare Sarani, 1st Floor, Kolkata-700017, West Bengal, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against the
company not acknowledged as debt |
|
|
|
For income Tax |
3.260 |
1.935 |
|
For sales tax |
8.764 |
7.221 |
|
For central excise |
1.287 |
0.617 |
|
TOTAL |
13.311 |
9.773 |
FIXED ASSETS:
Tangible Asset:
- Land
- Flats
- Factory Shed
- Generator
- Tube Well
- Motor Car
- Electric Installation
- Air conditioner
- Motor Cycle
- Water Cooler
- Building
- Plant and Machinery
- Furniture and Fittings
- Computer
- Type Writer
- Factory Equipment
- Weighing Machine
- Vehicles
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 68.08 |
|
UK Pound |
1 |
INR 89.59 |
|
Euro |
1 |
INR 78.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RKI |
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.