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MIRA INFORM REPORT
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Report No. : |
514365 |
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Report Date : |
27.06.2018 |
IDENTIFICATION DETAILS
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Name : |
VICTORA AUTO PRIVATE LIMITED (w.e.f. 21.07.2011) |
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Formerly Known
As : |
VICTORA-SDL AUTO PRIVATE LIMITED (w.e.f. 31.05.2011) SDL AUTO PRIVATE LIMITED |
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Registered
Office : |
C-124B, Greater Kailash I, New Delhi – 110048 |
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Tel. No.: |
91-129-4187500 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
26.07.1991 |
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Capital
Investment / Paid-up Capital : |
INR 29.932 Million |
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CIN No.: [Company Identification
No.] |
U34300DL1991PTC203627 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AACCS3034M |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacturing of Sheet Metal Components. (Registered Activity) |
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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)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 1880000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1991. It is engaged in manufacturing of Sheet Metal Components. As per Registrar of Companies, the date of balance sheet i.e. financial filed is shown as 31st March 2017 but documents related to the financials for the year 2017 are not available from any sources. For the financial year 2016, the company has achieved 13.20% growth in its revenue as compared to previous year revenue and has maintained average profitability margin of 3.52% during the year under review. Rating takes into consideration the company’s moderate financial risk profile along with unfavourable gap between its trade payables to its trade receivables and huge working capital requirement metal industry. However, rating weakness is partially offset by the sound net worth base along with average debt coverage indicators. Business is active. Payment seems to be slow. In view of aforesaid, the company can be considered for business dealings with some caution. Note: Site Visit was conducted at the given address and our executive has successfully traced the subject but the door was found locked. During the site visit, our executive enquired with residents (Mr. Amit and Ms. Kusum) but they denied to provide any information. As per our executive’s observation, it is a 2 storey building and subject situated on the 1st floor. Location was easy to find and locality appears to be residential. Area seems to be neutral. Name board of the subject was not sighted. |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
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 27.06.2018
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 : |
Ms. Monika |
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Designation : |
Company Secretary |
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Contact No.: |
91-8447759642 |
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Date : |
26.06.2018 |
LOCATIONS
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Registered Office : |
C-124B, Greater Kailash I, New Delhi – 110048, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-8447759642 (Ms. Monika) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Locality : |
Residential (At site visit) |
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Corporate Office : |
SCF-24, Huda Market, Sector-11 D, 1st Floor, SRC Building, Faridabad, Haryana, India |
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Tel. No.: |
91-129-4254750/ 4187500, 2205365-67 |
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Fax No.: |
91-129-2205341, 4187555 |
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E-Mail : |
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Manufacturing Units : |
Stamping 44th KM Stone, Delhi Mathura Road, NH-2, Village Sikri, District: Faridabad-121004, Haryana, India Machining Plot No # 4, 16&17, Sector - 1-B, SIDCUL, Haridwar– 249404, Uttarakhand, India Forging Plot No. – 30 Sector 11 IIE, SIDCUL, Haridwar – 249403, Uttarakhand, India Hanger Plot No. 176, Sec-25, Ballabhgarh, District: Faridabad– 121004, Haryana, India |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Hardeep Singh Banga |
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Designation : |
Managing Director |
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Address : |
1189, Sector 15, Faridabad-121007, Haryana, India |
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Date of Birth/Age : |
29.08.1964 |
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Date of Appointment : |
15.04.1994 |
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PAN No.: |
AFAPB0201R |
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DIN No.: |
00393643 |
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Other Directorship
:
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Name : |
Mr. Satinder Singh Banga |
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Designation : |
Director |
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Address : |
1173, Sector 15, Faridabad-121007, Haryana, India |
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Date of Birth/Age : |
11.11.1958 |
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Date of Appointment : |
01.04.2006 |
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PAN No.: |
AFAPB6351E |
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DIN No.: |
00393620 |
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Other Directorship
:
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Name : |
Mr. Gambhir Singh Banga |
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Designation : |
Director |
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Address : |
1189, Sector-15, Faridabad-121007, Haryana, India |
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Date of Birth/Age : |
08.02.1933 |
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Date of Appointment : |
01.04.2006 |
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PAN No.: |
ABQPB7775G |
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DIN No.: |
01632425 |
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Other Directorship
:
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Name : |
Mr. Jatinder Kaur Banga |
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Designation : |
Director |
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Address : |
House No. 1189, Sector 15, Faridabad-121002, Haryana, India |
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Date of Birth/Age : |
01.10.1967 |
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Date of Appointment : |
01.04.2014 |
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PAN No.: |
AHEPK5855G |
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DIN No.: |
05281286 |
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Other Directorship
:
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Name : |
Mr. Harbir Singh Banga |
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Designation : |
Director |
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Address : |
House No. 1189, Sector 15, Faridabad-121002, Haryana, India |
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Date of Birth/Age : |
15.04.1990 |
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Date of Appointment : |
01.05.2013 |
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PAN No.: |
BKFPB5398J |
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DIN No.: |
05313332 |
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Other Directorship
:
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Name : |
Mr. Sunil Manga |
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Designation : |
Director |
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Address : |
73, Link Road, Lajpat Nagar, Delhi-110024, India |
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Date of Birth/Age : |
07.07.1949 |
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Date of Appointment : |
03.10.2012 |
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DIN No.: |
06389194 |
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Name : |
Mr. Amitbir Singh Banga |
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Designation : |
Director |
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Address : |
House No.1189, Sector-15, Faridabad – 121007, Haryana, India |
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Date of Appointment : |
30.09.2016 |
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DIN No.: |
07163599 |
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Other Directorship
:
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Name : |
Sandeep Kaur Bhatia |
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Designation : |
Director |
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Address : |
House No.1189, Near A.P.J School, Sector-15, Escortsnagar, Faridabad – 121007, Haryana, India |
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Date of Appointment : |
23.08.2017 |
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DIN No.: |
07868705 |
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KEY EXECUTIVES
|
Name : |
Ms. Monika |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Hardeep Singh Banga |
1137369 |
38.00 |
|
Gambhir Singh Banga |
1123200 |
37.52 |
|
Sunil Kaur Manga |
485300 |
16.21 |
|
M. P. Verma |
197347 |
6.59 |
|
Victora Fintrade Private Limited, India |
50000 |
1.68 |
|
Total |
2993216 |
100.00 |
As on 15.09.2017
|
Names of Allottee |
|
No. of Shares |
|
Hardeep Singh Banga |
|
117647 |
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Total |
|
117647 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
91.74 |
|
Promoters (Body corporate) |
1.67 |
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Public/Other than promoters [Individual/Hindu Undivided Family-Non-resident Indian (NRI)] |
6.59 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in manufacturing of Sheet Metal Components. (Registered Activity) |
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Products/ Services : |
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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
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Suppliers : |
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Customers : (As provided by the client) |
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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 : |
Kumar Sanjay and Associates Chartered Accountants |
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Address : |
SCF No. 32, Sector-16A, Faridabad-121002, Haryana, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACUPK0608E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary : (As on 31.03.2016) |
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Associates : (As on 31.03.2016) |
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Group Entities : (As provided by the client) |
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Other Associates/
sister concerns related to current promoters of the company : (As provided by
the client) |
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CAPITAL STRUCTURE
After 30.09.2017
Authorised Capital : INR 70.000 Million
Issued, Subscribed & Paid-up Capital : INR 32.228
Million
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2993216 |
Equity Shares |
INR 10/- each |
INR 29.932
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 |
29.932 |
29.932 |
24.943 |
|
(b) Reserves and Surplus |
629.585 |
472.519 |
205.600 |
|
(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) |
659.517 |
502.451 |
230.543 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
746.986 |
204.748 |
189.882 |
|
(b) Deferred tax liabilities (Net) |
101.459 |
76.761 |
23.092 |
|
(c) Other long-term
liabilities |
4.372 |
4.652 |
9.831 |
|
(d) long-term
provisions |
0.000 |
7.518 |
5.544 |
|
Total Non-current
Liabilities (3) |
852.817 |
293.679 |
228.349 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1257.309 |
1190.160 |
938.130 |
|
(b) Trade
payables |
649.376 |
677.858 |
451.123 |
|
(c) Other
current liabilities |
110.933 |
144.156 |
92.621 |
|
(d) Short-term
provisions |
58.326 |
50.853 |
25.477 |
|
Total Current
Liabilities (4) |
2075.944 |
2063.027 |
1507.351 |
|
|
|
|
|
|
TOTAL |
3588.278 |
2859.157 |
1966.243 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1226.987 |
937.487 |
615.323 |
|
(ii)
Intangible Assets |
1.767 |
3.622 |
1.799 |
|
(iii) Tangible assets capital
work-in-progress |
242.657 |
142.131 |
9.207 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
17.618 |
6.883 |
6.883 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
7.872 |
5.786 |
5.209 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1496.901 |
1095.909 |
638.421 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
265.923 |
200.501 |
205.081 |
|
(c) Trade
receivables |
1089.221 |
1083.559 |
865.751 |
|
(d) Cash and
bank balances |
197.741 |
47.627 |
38.070 |
|
(e)
Short-term loans and advances |
518.739 |
416.539 |
207.692 |
|
(f) Other
current assets |
19.753 |
15.022 |
11.228 |
|
Total
Current Assets |
2091.377 |
1763.248 |
1327.822 |
|
|
|
|
|
|
TOTAL |
3588.278 |
2859.157 |
1966.243 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3512.571 |
3102.754 |
2316.411 |
|
|
Other Income |
106.607 |
220.487 |
37.435 |
|
|
TOTAL |
3619.178 |
3323.241 |
2353.846 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2282.387 |
2122.257 |
1643.603 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(33.397) |
6.255 |
(9.959) |
|
|
Employee benefit expense |
162.815 |
130.691 |
79.988 |
|
|
Other expenses |
771.918 |
622.125 |
377.920 |
|
|
TOTAL |
3183.723 |
2881.328 |
2091.552 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
435.455 |
441.913 |
262.294 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
158.696 |
176.979 |
119.449 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
276.759 |
264.934 |
142.845 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
82.151 |
80.898 |
61.570 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
194.608 |
184.036 |
81.275 |
|
|
|
|
|
|
|
Less |
TAX |
70.992 |
92.411 |
24.496 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
123.616 |
91.625 |
56.779 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
2110.142 |
1768.988 |
1247.134 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
41.30 |
36.43 |
22.76 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
88.674 |
101.503 |
83.492 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
91.301 |
399.246 |
(131.294) |
|
Net cash flow from operating activity |
91.301 |
399.246 |
(131.294) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
113.18 |
127.47 |
136.42 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
3.22 |
2.86 |
2.68 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
103.85 |
116.58 |
100.18 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.64 |
2.20 |
1.28 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.30 |
0.41 |
0.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.81 |
0.83 |
0.91 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.17 |
2.98 |
5.26 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.15 |
4.11 |
6.54 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.23 |
2.16 |
2.72 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.74 |
2.50 |
2.20 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
3.52 |
2.95 |
2.45 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.44 |
3.20 |
2.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
18.74 |
18.24 |
24.63 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.01 |
0.85 |
0.88 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.88 |
0.76 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.18 |
0.18 |
0.12 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
69.92 |
49.99 |
48.57 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.01 |
0.85 |
0.88 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
24.943 |
29.932 |
29.932 |
|
Reserves & Surplus |
205.600 |
472.519 |
629.585 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
230.543 |
502.451 |
659.517 |
|
|
|
|
|
|
long-term borrowings |
189.881 |
204.748 |
746.986 |
|
Short term borrowings |
938.130 |
1190.160 |
1257.309 |
|
Current Maturities of
Long term debt |
83.492 |
101.503 |
88.674 |
|
Total borrowings |
1211.503 |
1496.411 |
2092.969 |
|
Debt/Equity ratio |
5.255 |
2.978 |
3.173 |
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 |
2316.411 |
3102.754 |
3512.571 |
|
|
|
33.947 |
13.208 |
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 |
2316.411 |
3102.754 |
3512.571 |
|
Profit/(Loss) |
56.779 |
91.625 |
123.616 |
|
|
2.45% |
2.95% |
3.52% |
LEGAL
CASES
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONAL
PERFORMANCE (As on 31.03.2016)
Despite persisting global economic uncertainty, the performance of the company is the best operating and financial performance in our history in terms of its revenue from business operations.
As compared to previous year, Gross Revenue of the company Increased from INR 3323.241 Million to INR 3619.178 Million and the EBIDTA Decreased from INR 441.912 Million to INR 435.454 Million.
As compared to previous year, the Profit before Tax (PBT) has Increased from INR 184.036 Million to INR 194.607 Million and Profit after Tax (PAT) has increased from INR 91.625 Million to INR 123.616 Million. The Company continues with its rigorous cost restructuring exercises and efficiency improvements which have resulted in significant savings through continued focus on cost controls and process efficiencies.
FUTURE OUTLOOK
The developing India economy is predicated to be the third largest in the world over the next two decades. India GDP is projected to grow at a robust pace. In contrast to other major developing countries, India’s growth remains sturdy with a strong investment sentiment and the positive effect on real income. Improving infrastructure and greater ease of doing business, will improve private investment. The slack in the economy and stabilizing inflation over the next year will provide some monetary easing. Accordingly, domestic business of the company will increase. The overseas business of the company will also increase as it is mostly dealt with developed countries where demand for our product exists. The company is making continues efforts towards expansion of its customer base by first utilizing the existing available capacities and also implementing new facilities to enhance capacity by acquiring new machines, new production sites, new technologies and also expanding its operations geographically. The company is in the process of setting up two plants, one at IMT Faridabad and second at SIDCUL Haridwar for the manufacturing of Rod-Tubular Exhaust hangers, Pressure Pipe, Machined Parts etc. Both the plants will be operational during the current financial year. Accordingly, the company will register reasonable growth in the current financial year and substantial growth in the financial year 2017-18.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
245.985 |
16.222 |
|
|
|
|
|
Total |
245.985 |
16.222 |
INDEX
OF CHARGES
|
Charges Registered |
||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
G79740510 |
100161226 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
21/02/2018 |
50000000.0 |
Plot No. 2,Sector No. 2, kharghar Nod Navi Mumbai Maharashtra 410210 INDIA |
|
2 |
G80288699 |
100162554 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
31/01/2018 |
19764200.0 |
WARDEN HOUSE 2ND FLOOR SIR P M ROAD FORT MUMBAI MAHARASHTRA 400001 INDIA |
|
3 |
G39452305 |
100086160 |
Small Industries Development Bank of India |
27/03/2017 |
55000000.0 |
N.H.5-R/2, Neelam Badshah Khan Road, NIT Faridabad HARYANA 121001 INDIA |
|
4 |
G38927877 |
100084857 |
Small Industries Development Bank of India |
21/03/2017 |
10000000.0 |
N.H.5-R/2, Neelam Badshah Khan Road, NIT Faridabad HARYANA 121001 INDIA |
|
5 |
G38814075 |
100084546 |
Small Industries Development Bank of India |
20/03/2017 |
11200000.0 |
N.H.5-R/2, Neelam Badshah Khan Road, NIT Faridabad HARYANA 121001 INDIA |
|
6 |
G33123373 |
100071419 |
Canara Bank |
20/12/2016 |
2700000.0 |
8A, Nehru GroundNITFaridabadHR121001IN |
|
7 |
G33731936 |
100073335 |
HERO FINCORP LIMITED |
30/11/2016 |
29000000.0 |
34, COMMUNITY CENTRE, BASANT LOKVASANT VIHAR NEW DELHI 110057 INDIA |
|
8 |
G32021081 |
100069107 |
Canara Bank |
07/11/2016 |
1900000.0 |
8A, Nehru GroundNITFaridabadHR121001IN |
|
9 |
G20619029 |
100058807 |
Small Industries Development Bank of India |
03/11/2016 |
10000000.0 |
N.H.5-R/2, Neelam Badshah Khan Road, NIT Faridabad HARYANA 121001 INDIA |
|
10 |
G20616124 |
100058810 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
24/10/2016 |
26963000.0 |
130, PANDURANG BUDHKAR MARG, WORLI MUMBAI MAHARASHTRA 400018 INDIA |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Other building
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer software
OBSERVATION POINTS
|
Company Name : |
VICTORA AUTO PRIVATE LIMITED |
|
|
|
|
Address : |
C-124B, Greater Kailash I, New Delhi – 110048, India |
|
|
|
|
Name Board : |
Not Sighted |
|
|
|
|
Location : |
Easy |
|
|
|
|
Total floors of the building : |
2 |
|
|
|
|
Subject situated on : |
1st Floor |
|
|
|
|
Locality: |
Residential |
|
|
|
|
Area : |
Neutral |
|
|
|
|
Neighbour’s
Interview |
|
|
Neighbour’s Overview : |
During the site visit, our executive enquired with residents (Mr. Amit and Ms. Kusum) but they denied to provide any information. |
|
|
|
|
Proof of visit : |
Photographs |
PTHOTOGAPHS
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 65.09 |
|
|
1 |
INR 85.38 |
|
Euro |
1 |
INR 75.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.