|
|
|
MIRA INFORM REPORT
|
Report No. : |
517092 |
|
Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
V. K. INDUSTRIAL CORPORATION LIMITED |
|
|
|
|
Registered
Office : |
303/304, Loha Bhavan, 3rd Floor, Carnac Bunder, 93, P.
D’mello Road, Mumbai – 400009, Maharashtra |
|
Tel. No.: |
91-22-66333330 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
16.11.2004 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2004PLC149538 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 45.900
Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0304068616 |
|
|
|
|
TIN /CST No.: |
27820002019 |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
27AABCV9515F1Z8 |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCV9515F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
35 (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 : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2004. It is a distributors,
trader and importer of metals and metal ores and carbon steel plates. For the financial year 2017, the company has reported dip in its
revenue by 32.71% as compared to the previous year but has managed to
maintain an average profit margin of 3.86%. Rating further takes into consideration on company’s strong networth
position, negligible debt level and established track record in steel trading
business. Ratings, however, are constrained by the intensely competitive nature
of the steel trading industry and subject’s exposure to price risks, given
the cyclicality inherent in the steel industry and high inventory levels
maintained by the company. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at its 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 |
ICRA |
|
Rating |
Long term borrowing = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
09.02.2018 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term borrowing= A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
28.02.2018 |
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 : |
Mrs. Kairavi Virendra Mehta |
|
Designation : |
Director |
|
Contact No.: |
91-9821022386 |
|
Date : |
26.06.2018 |
LOCATIONS
|
Registered Office/Head Office: |
303/304, Loha Bhavan, 3rd Floor, Carnac Bunder, 93, P.
D’mello Road, Mumbai – 400009, Maharashtra, India |
|
Tel. No.: |
91-22-66333330 / 61956195 / 61956131 |
|
Mobile No.: |
91-9821022386 (Mr. Virendra Kakubhai Mehta) |
|
Fax No.: |
91-22-23484728 / 61956196 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
600 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
Located At ·
Ambattur, Chennai ·
Navi Mumbai, Maharashtra ·
Vadodara, Gujarat |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Virendra Kakubhai Mehta |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address: |
A/6 Tirth Building Lallubhai Park Andheri (West), Mumbai 400058 , Maharashtra, India |
||||||||
|
Date of Birth/Age : |
08.03.1968 |
||||||||
|
Qualification : |
H.S.C. |
||||||||
|
Date of Appointment : |
01.10.2006 |
||||||||
|
PAN No.: |
AAAPM7667B |
||||||||
|
DIN No.: |
00326929 |
||||||||
|
|
|
||||||||
|
Name : |
Mrs. Darshana Virendrakumar Mehta |
||||||||
|
Designation : |
Whole Time Director |
||||||||
|
Address: |
Plot No.80, Hatkesh CHS Limited, 7th Floor 9th Road, Jvpd Scheme, N S Road, Vile Pa Rle (West) Mumbai -400056, Maharashtra, India |
||||||||
|
Date of Birth/Age : |
06.06.1968 |
||||||||
|
Date of Appointment : |
29.09.2012 |
||||||||
|
PAN No.: |
AABPM3091J |
||||||||
|
DIN No.: |
03459602 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Rajesh Chandrakant Sanghvi |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
19/3, Subhash Sadan, Dena Wadi Thakurdwar Road, Mumbai-400002, Maharashtra, India |
||||||||
|
Date of Appointment : |
30.12.2017 |
||||||||
|
DIN No.: |
01147211 |
||||||||
|
Other
Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mrs. Kairavi Virendra Mehta |
||||||||
|
Designation : |
Director |
||||||||
|
Address: |
Plot No.80, Hatkesh CHS Limited, 7th Floor, 9th
Road, J V P D Scheme, N. S. Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
||||||||
|
Date of Birth/Age : |
15.05.1994 |
||||||||
|
Date of Appointment : |
29.09.2012 |
||||||||
|
PAN No.: |
BUUPM4328J |
||||||||
|
DIN No.: |
05298092 |
||||||||
|
|
|||||||||
|
Name : |
Mr. Ronak Rohit Modi |
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|
Designation : |
Director |
||||||||
|
Address: |
A-701, Eden Garden, Mahavir Nagar, Opposite Mca Club, Near Pawan Dham, Kandival I West, Mumbai -400067, Maharashtra, India |
||||||||
|
Date of Appointment : |
30.12.2017 |
||||||||
|
DIN No.: |
08044939 |
||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Charu Doshi |
|
50 |
|
Darshana Mehta |
|
1200 |
|
Parul Doshi |
|
50 |
|
Virendra K Mehta – HUF |
|
250000 |
|
Virendra Mehta |
|
4333200 |
|
Gautami Mehta (Virendra K Mehta- Father and Natural Guardian) |
|
2450 |
|
Kairavi Mehta |
|
3050 |
|
|
|
|
|
Total |
|
4590000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
99.99782135 |
|
Public/Other than promoters (Individual/Hindu
Undivided Family – Indian) |
0.00217865 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
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|
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|
Products / Services
: |
|
||||
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|
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Divulged |
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||||
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Exports : |
Not Available |
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|
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|
||||
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Imports : |
|
||||
|
Products : |
·
Raw Materials |
||||
|
Countries : |
·
China ·
South Korea ·
Japan ·
European Countries |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Cash and Credit (30 /60 Days) |
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|
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|
||||
|
Purchasing : |
L/C, Cash and Credit (30 /60 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
Wholesalers, Retailers, End Users
|
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No. of Employees : |
35 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Prashant Wakhariya and Company Chartered Accountants |
|
Address : |
B-1, Saadichha Apartment, Ground Floor, Rokadia Lane, Borivali (West),
Mumbai – 400092, Maharashtra, India |
|
Tel. No.: |
91-22-28922369 |
|
Mobile No.: |
91-9324657162 |
|
Fax No.: |
91-22-22937350 |
|
E-Mail : |
|
|
PAN No.: |
AAFPW9479G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2017
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 |
|
|
|
|
|
|
4590000 |
Equity Shares |
INR 10/- each |
INR 45.900 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 |
45.900 |
45.900 |
45.900 |
|
(b) Reserves & Surplus |
2024.079 |
1803.796 |
1718.309 |
|
(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) |
2069.979 |
1849.696 |
1764.209 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
174.037 |
149.060 |
159.144 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
120.000 |
157.310 |
113.310 |
|
Total Non-current
Liabilities (3) |
294.037 |
306.370 |
272.454 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
656.787 |
1713.131 |
1723.834 |
|
(c) Other
current liabilities |
29.951 |
33.306 |
15.552 |
|
(d) Short-term
provisions |
0.928 |
1.596 |
0.748 |
|
Total Current
Liabilities (4) |
687.666 |
1748.033 |
1740.134 |
|
|
|
|
|
|
TOTAL |
3051.682 |
3904.099 |
3776.797 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
82.845 |
79.064 |
81.487 |
|
(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 |
45.114 |
10.002 |
10.001 |
|
(c) Deferred tax assets (net) |
0.829 |
0.535 |
0.268 |
|
(d)
Long-term Loan and Advances |
0.868 |
0.868 |
0.772 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
129.656 |
90.469 |
92.528 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1281.807 |
1699.891 |
1634.580 |
|
(c) Trade
receivables |
998.397 |
1246.866 |
1036.060 |
|
(d) Cash
and cash equivalents |
37.117 |
3.041 |
30.551 |
|
(e)
Short-term loans and advances |
598.281 |
857.916 |
969.766 |
|
(f) Other
current assets |
6.424 |
5.916 |
13.312 |
|
Total
Current Assets |
2922.026 |
3813.630 |
3684.269 |
|
|
|
|
|
|
TOTAL |
3051.682 |
3904.099 |
3776.797 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5791.259 |
8606.989 |
8888.309 |
|
|
|
Other Income |
61.269 |
80.287 |
67.600 |
|
|
|
TOTAL |
5852.528 |
8687.276 |
8955.909 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
4787.450 |
6361.031 |
6766.183 |
|
|
|
Employee benefit expense |
98.648 |
20.309 |
25.991 |
|
|
|
CSR expenditure |
4.050 |
0.000 |
0.000 |
|
|
|
Other expenses |
515.882 |
2060.700 |
1873.153 |
|
|
|
TOTAL |
5406.030 |
8442.040 |
8665.327 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
446.498 |
245.236 |
290.582 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
98.821 |
111.973 |
92.909 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
347.677 |
133.263 |
197.673 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
4.433 |
4.443 |
5.036 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
343.244 |
128.820 |
192.637 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
119.706 |
43.733 |
64.542 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
223.538 |
85.087 |
128.095 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
48.70 |
18.54 |
27.91 |
|
Expected Sales (2017-2018): INR 6200.000 Million
The above information has been parted by Mrs. Kairavi Virendra Mehta
(Director)
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 |
|
Net cash flows from (used in) operations |
1286.898 |
369.533 |
192.637 |
|
Net cash flows from (used in) operating activities |
1165.462 |
322.325 |
192.637 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
62.92 |
52.88 |
42.55 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.80 |
6.90 |
8.58 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
50.07 |
98.30 |
92.99 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.35 |
0.14 |
0.18 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
5.39 |
3.10 |
3.57 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.28 |
0.49 |
0.50 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.08 |
0.08 |
0.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.33 |
0.95 |
0.99 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.04 |
0.04 |
0.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.52 |
2.19 |
3.13 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
3.86 |
0.99 |
1.44 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.33 |
2.18 |
3.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.80 |
4.60 |
7.26 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.25 |
2.18 |
2.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.39 |
1.21 |
1.18 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.68 |
0.47 |
0.47 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.79 |
3.25 |
3.47 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.25 |
2.18 |
2.12 |
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 |
45.900 |
45.900 |
45.900 |
|
Reserves & Surplus |
1718.309 |
1803.796 |
2024.079 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1764.209 |
1849.696 |
2069.979 |
|
|
|
|
|
|
Long-term borrowings |
159.144 |
149.060 |
174.037 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
159.144 |
149.060 |
174.037 |
|
Debt/Equity
ratio |
0.090 |
0.081 |
0.084 |
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 |
8888.309 |
8606.989 |
5791.259 |
|
|
|
(3.165) |
(32.714) |
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 |
8888.309 |
8606.989 |
5791.259 |
|
Profit/ (Loss) |
128.095 |
85.087 |
223.538 |
|
|
1.44
% |
0.99
% |
3.86
% |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
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 |
OPERATIONS:
The sales during the year were INR 5791.259 million. The Net Profit during the year amounted to INR 223.538 million in comparison to Profit of INR 85.087 million during the previous year. Depreciation for the year is INR 4.433 Million in comparison to INR 4.443 Million during the previous year.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
0.058 |
0.081 |
|
|
|
|
|
Total |
0.058 |
0.081 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B85998482 |
80001982 |
CANARA BANK |
06/04/2005 |
17/09/2013 |
- |
2821300000.0 |
SPECIALISED PRIME CORPORATE BRANCH-FORTVARMA CHAMBERS 2ND FLOOR, HOMJI STREET, FORT MUMBAI 400001 MAHARASHTRA INDIA |
|
2 |
G43739903 |
10543323 |
YES BANK LIMITED |
22/12/2014 |
- |
12/05/2017 |
225000000.0 |
SHOP NO 6 AND 7 GROUND FLOOR,BOTAWALLA BLDG 2 - 12 HORNIMAN CIRCLE MUMBAI -400001 MAHARASHTRA INDIA |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 68.08 |
|
|
1 |
INR 89.59 |
|
Euro |
1 |
INR 78.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
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 |
NO |
|
--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.