|
|
|
%20PRIVATE%20LIMITED%20-%20516165%2028-Jun-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20516165%2028-Jun-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20516165%2028-Jun-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
516165 |
|
Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRIDEV RESINS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 9, Peninsula Centre, Dr. S S Rao Road, Behind Piramal
Chambers, Parel (East), Mumbai – 400012, Maharashtra |
|
Tel. No.: |
91-22-40586725 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
03.04.2006 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24224MH2006PTC160942 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 18.600 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0306008203 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT4226A |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AACCT4226A1ZZ |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Tridev Resins (India) Private Limited is engaged in the manufacturing of
synthetic resin and acrylic emulsions for printing inks, paints and surface
coatings industries. The manufacturing facility is located at Vapi (Gujarat).
The company was incorporated in the 2006 and is based in Mumbai, Maharashtra.
It is an established company having satisfactory track record. For the financial year ended 2017, revenue and profit of the company
has slightly declined. However, the company possesses an acceptable financial profile marked
by sound networth base along with low debt level and favourable gap between
trade payables to its trade receivables. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitments. In view of the aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
SMERA RATING |
|
Rating |
Long Term Rating=(BBB-) (Issuer not cooperating) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
12.05.2017 |
|
Rating Agency Name |
SMERA RATING |
|
Rating |
Short Term Rating=(A3) (Issuer not cooperating) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
12.05.2017 |
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 PARTED BY
|
Name : |
Mr. Jogesh Das |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9173366272 |
|
Date : |
24.06.2018 |
LOCATIONS
|
Registered Office : |
Unit No. 9, Peninsula Centre, Dr. S S Rao Road, Behind Piramal Chambers,
Parel (East), Mumbai – 400012, Maharashtra, India |
|
Tel. No.: |
91-22-40586725 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No. 136/E1, II Phase GIDC Vapi, District: Valsad – 396195,
Gujarat, India |
|
Tel. No.: |
91-260-6535410/6452157 |
|
Fax No.: |
91-260-2401382 |
|
E-Mail : |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Bhupendra Gopalji
Sakaria |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
801/802, Plot No. 294A, Saumitra CHS Limited, Bhimani Street, Matunga Cr, Mumbai – 400019, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
24.08.1939 |
||||||||||||||||||||
|
Date of Appointment : |
31.12.2007 |
||||||||||||||||||||
|
DIN No.: |
00142682 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Vinod Rajvanshi
Ojha |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
9, Urmikunj Co-Operative Housing Society, Plot No: 425, Gunjan Road, GIDC, Vapi – 396195, Gujarat, India |
||||||||||||||||||||
|
Date of Birth/Age : |
17.01.1962 |
||||||||||||||||||||
|
Date of Appointment : |
25.08.2006 |
||||||||||||||||||||
|
DIN No.: |
00374768 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Vinay Vinod Ojha |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
9, Urmikunj Co-Operative Housing Society, Plot No: 425, Gunjan Road, GIDC, Vapi – 396195, Gujarat, India |
||||||||||||||||||||
|
Date of Birth/Age : |
19.02.1988 |
||||||||||||||||||||
|
Date of Appointment : |
03.04.2006 |
||||||||||||||||||||
|
DIN No.: |
02692678 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Sandeep Vinod Ojha |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
9, Urmikunj Co-Operative Housing Society, Plot No: 425, Gunjan Road, GIDC, Vapi – 396195, Gujarat, India |
||||||||||||||||||||
|
Date of Appointment : |
20.11.2014 |
||||||||||||||||||||
|
DIN No.: |
03322098 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Jogesh Das |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Vinay Vinod Ojha |
465000 |
25.00 |
|
Vinod Rajvanshi Ojha |
310000 |
16.67 |
|
Bhupendra Gopalji Sakaria |
620000 |
33.33 |
|
Sandeep Vinod Ojha |
465000 |
25.00 |
|
Total |
1860000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20516165%2028-Jun-2018_files/image020.gif)
Equity Share Break up (Percentage of Total Equity)
As on 30.08.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
||||||
|
|
|
||||||
|
Products/ Services : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Products : |
Finished Goods |
||||||
|
Countries : |
|
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Products : |
Raw Materials |
||||||
|
Countries : |
|
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
L/C, Cheque and Credit (30/ 60 Days) |
||||||
|
|
|
||||||
|
Purchasing : |
L/C, Cheque and Credit (30/ 60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
70 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
P.M.Bagrecha and Company Chartered Accountants |
|
Address : |
208, Skylon Complex, 2nd Floor, Nr. Char Rasta, GIDC, Vapi – 396195,
Gujarat, India |
|
Tel. No.: |
91-260-2423236/ 2432376 |
|
Mobile No.: |
91-9824183456 |
|
Income-tax
PAN of auditor or auditor's firm : |
AANFP2608N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with key management personnel and their relatives : |
|
CAPITAL STRUCTURE
As on 30.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1860000 |
Equity Shares |
INR 10/- each |
INR 18.600
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
18.600 |
18.600 |
18.600 |
|
(b) Reserves & Surplus |
154.437 |
143.406 |
103.744 |
|
(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) |
173.037 |
162.006 |
122.344 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.416 |
4.904 |
5.111 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
2.563 |
2.399 |
1.564 |
|
Total Non-current
Liabilities (3) |
4.979 |
7.303 |
6.675 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
8.636 |
32.912 |
|
(b) Trade
payables |
30.481 |
20.892 |
18.559 |
|
(c) Other
current liabilities |
0.024 |
0.095 |
0.000 |
|
(d) Short-term
provisions |
3.693 |
7.970 |
11.155 |
|
Total Current
Liabilities (4) |
34.198 |
37.593 |
62.626 |
|
|
|
|
|
|
TOTAL |
212.214 |
206.902 |
191.645 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
55.392 |
57.279 |
58.903 |
|
(ii)
Intangible Assets |
5.209 |
6.102 |
6.996 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
0.565 |
0.567 |
0.572 |
|
(e) Other
Non-current assets |
50.807 |
68.812 |
17.153 |
|
Total Non-Current
Assets |
111.973 |
132.760 |
83.624 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
22.719 |
3.784 |
4.442 |
|
(c) Trade
receivables |
55.977 |
55.907 |
74.570 |
|
(d) Cash
and cash equivalents |
14.977 |
2.196 |
18.463 |
|
(e) Short-term
loans and advances |
6.478 |
11.809 |
10.145 |
|
(f) Other
current assets |
0.090 |
0.446 |
0.401 |
|
Total
Current Assets |
100.241 |
74.142 |
108.021 |
|
|
|
|
|
|
TOTAL |
212.214 |
206.902 |
191.645 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
215.714 |
347.169 |
416.476 |
|
|
Other Income |
8.382 |
11.588 |
6.366 |
|
|
TOTAL |
224.096 |
358.757 |
422.842 |
|
|
|
(Due to market
fluctuation) |
||
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
136.268 |
222.390 |
307.893 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.061 |
0.723 |
2.217 |
|
|
Employees benefits
expense |
19.666 |
18.321 |
18.214 |
|
|
Other expenses |
40.142 |
49.159 |
39.026 |
|
|
TOTAL |
196.137 |
290.593 |
367.350 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
27.959 |
68.164 |
55.492 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.393 |
2.120 |
2.158 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
25.566 |
66.044 |
53.334 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.878 |
6.293 |
6.670 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
19.688 |
59.751 |
46.664 |
|
|
|
|
|
|
|
Less |
TAX |
5.324 |
20.089 |
17.142 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
14.364 |
39.662 |
29.522 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Exports Sales |
177.107 |
228.114 |
234.818 |
|
|
TOTAL EARNINGS |
177.107 |
228.114 |
234.818 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
101.418 |
122.528 |
124.044 |
|
|
TOTAL IMPORTS |
101.418 |
122.528 |
124.044 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
7.72 |
21.32 |
15.87 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
350.000 |
|
|
|
|
|
Expected Sales (2018-2019) : INR 360.000 Million
The above information has been parted by Mr. Jogesh Das (Account
Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
13.744 |
80.325 |
48.478 |
|
Net cash flow from operating activity |
5.931 |
60.030 |
32.176 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
94.72 |
58.78 |
65.35 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
3.85 |
6.21 |
5.59 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
81.64 |
34.29 |
22.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.23 |
18.01 |
12.49 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.46 |
1.08 |
0.84 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.16 |
0.18 |
0.33 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.05 |
0.27 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.20 |
0.23 |
0.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.35 |
0.39 |
0.54 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
11.68 |
32.15 |
25.71 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
6.66 |
11.42 |
7.09 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.77 |
19.17 |
15.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.30 |
24.48 |
24.13 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.93 |
1.97 |
1.72 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.27 |
1.87 |
1.65 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.82 |
0.78 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.46 |
1.77 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.93 |
1.97 |
1.72 |
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 |
18.600 |
18.600 |
18.600 |
|
Reserves & Surplus |
103.744 |
143.406 |
154.437 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
122.344 |
162.006 |
173.037 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
32.912 |
8.636 |
0.000 |
|
Total borrowings |
32.912 |
8.636 |
0.000 |
|
Debt/Equity ratio |
0.269 |
0.053 |
0.000 |
%20PRIVATE%20LIMITED%20-%20516165%2028-Jun-2018_files/image022.gif)
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 |
416.476 |
347.169 |
215.714 |
|
|
|
(16.641) |
(37.865) |
%20PRIVATE%20LIMITED%20-%20516165%2028-Jun-2018_files/image024.gif)
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 |
416.476 |
347.169 |
215.714 |
|
Profit/(Loss) |
29.522 |
39.662 |
14.364 |
|
|
7.09% |
11.42% |
6.66% |
%20PRIVATE%20LIMITED%20-%20516165%2028-Jun-2018_files/image025.gif)
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL
HIGHLIGHTES AND OPERATION
The key highlights pertaining to the business of the company for the year
2016-17 and period subsequent there to have been given hereunder:
The company has reported total revenue of INR 215.714 Million in
financial year 2016-17 compared to total revenue of INR 358.757 Million in
previous year.
The company has reported Earning before tax of INR 19.688 Million in the
financial year 2016-17 as against INR 59.751 Million in the previous year.
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B76174085 |
10428857 |
BANK OF BARODA |
20/04/2013 |
- |
- |
88000000.0 |
PUSHPA KUNJ, NEHRU ROAD, SANTACRUZ (EAST) MUMBAI MAHARASHTRA 400055 INDIA |
|
2 |
B44383651 |
10367177 |
Bank of Baroda |
09/07/2012 |
- |
- |
88000000.0 |
Santacruz (East) Branch, Pushp Kunj, Nehru Road, Santacruz (East), Mumbai MAHARASHTRA 400055 INDIA |
|
3 |
B65941742 |
10338860 |
HDFC BANK LIMITED |
15/02/2012 |
- |
20/12/2012 |
71000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
4 |
B65940934 |
10136949 |
HDFC BANK LIMITED |
10/01/2009 |
22/07/2011 |
20/12/2012 |
205000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
5 |
B65922395 |
10112647 |
HDFC BANK LIMITED |
29/12/2006 |
04/01/2010 |
20/12/2012 |
104000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
6 |
B27652742 |
10175707 |
ABHYUDAYA CO-OP. BANK LTD. |
28/08/2009 |
- |
10/12/2011 |
6280000.0 |
Administrative Office, K.K.Tower, Abhyudaya BankLane, Off G.D.Ambekar Marg, Parel Village MUMBAI MAHARASHTRA 400012 INDIA |
|
7 |
A15412729 |
10017347 |
UNION BANK OF INDIA |
26/08/2006 |
- |
11/05/2007 |
7000000.0 |
KHAND BAZAR BRANCH,109, KAZI SYED STREET, KHAND BAZAR MUMBAI MAHARASHTRA 400003 INDIA |
|
8 |
A15413222 |
10017578 |
UNION BANK OF INDIA |
26/08/2006 |
- |
11/05/2007 |
8500000.0 |
KHAND BAZAR BRANCH,109, KAZI SYED STREET, KHAND BAZAR MUMBAI MAHARASHTRA 400003 INDIA |
|
9 |
A15414451 |
10017789 |
UNION BANK OF INDIA |
26/08/2006 |
- |
11/05/2007 |
10350000.0 |
KHAND BAZAR BRANCH,109, KAZI SYED STREET, KHAND BAZAR MUMBAI MAHARASHTRA 400003 INDIA |
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Furniture and Fixture
- 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,
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 68.52 |
|
|
1 |
INR 90.60 |
|
Euro |
1 |
INR 79.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIV |
|
|
|
|
Analysis Done by
: |
SVA |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
YES |
|
--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.