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|
MIRA INFORM REPORT
|
Report No. : |
494787 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
AASIA ADVISORY SERVICES LIMITED [w.e.f. 08.01.2014] |
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|
Formerly Known
As : |
HINDUJA GROUP INDIA LIMITED |
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Registered
Office : |
Hinduja House, 171, Dr Annie Besant Road, Worli, Mumbai-400018, Maharashtra |
|
Tel. No.: |
91-22-61360407 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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|
|
Date of
Incorporation : |
16.07.1993 |
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|
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Com. Reg. No.: |
11-072925 |
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Capital
Investment / Paid-up Capital : |
INR 48.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1993PLC072925 |
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IEC No.: |
Not Divulged |
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GST No.: |
27AAACH2457B1Z0 |
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TIN No.: |
Not Divulged |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AAACH2457B |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing Management Consultancy Activities. [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)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Hinduja Group Limited”. The company was incorporated in the year 1993 and is based in Mumbai Maharashtra. It is an established company having moderate track.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 01.03.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-22-61360407]
[Given number 91-22-24954066 is not working]
LOCATIONS
|
Registered Office : |
Hinduja House, 171, Dr Annie Besant Road, Worli, Mumbai-400018, Maharashtra,
India |
|
Tel. No.: |
91-22-61360407/ 24960707 |
|
Fax No.: |
91-22-24953801 |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Kailash Chandra Samdani |
|
Designation : |
Director |
|
Address : |
302, Shanti Kutir, 10th Road, Santacruz (E),
Mumbai-400055, Maharashtra, India |
|
Date of Birth/Age : |
02.03.1940 |
|
Date of Appointment : |
07.03.2016 |
|
DIN No.: |
00128600 |
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|
|
|
Name : |
Mr. Jeet Prakash Chugani |
|
Designation : |
Director |
|
Address : |
7/72, Sona Bldg MHB Bldg, Bandra Reclamation,
Mumbai-400050, Maharashtra, India |
|
Date of Appointment : |
26.11.2013 |
|
DIN No.: |
00166921 |
|
|
|
|
Name : |
Mr. Ramesh Hargovindas Sheth |
|
Designation : |
Director |
|
Address : |
204 Rukmani J P Road, Andheri (West), Mumbai-400058, Maharashtra,
India |
|
Date of Appointment : |
03.08.2015 |
|
DIN No.: |
03035989 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Hinduja Group Limited |
481992 |
100.00 |
|
Ashok P. Hinduja/ Hinduja Group Limited |
1 |
0.00 |
|
Harsha A. Hinduja/ Hinduja Group Limited |
1 |
0.00 |
|
Shom A. Hinduja/ Hinduja Group Limited |
1 |
0.00 |
|
A.K. Das/ Hinduja Group Limited |
3 |
0.00 |
|
Jeet Chugani/ Hinduja Group Limited |
1 |
0.00 |
|
Vishin Gurnani/ Hinduja Group Limited |
1 |
0.00 |
|
|
|
|
|
Total |
482000 |
100.00 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Management Consultancy Activities. [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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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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 : |
Manubhai and Shah Chartered Accountants |
|
Address : |
2nd Floor, 'B' Wing, Premium House, Nr. Gandhigram Railway Station, Navrangpura, Ahmedabad-380009, Gujarat, India |
|
PAN No.: |
AAFFM2086H |
|
|
|
|
Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
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|
Holding Company : |
Hinduja Group Limited [U72200MH1995PLC088486] |
|
|
|
|
Fellow Subsidiary Companies : |
· Hinduja Realty Ventures Limited ·
Hinduja
Healthcare Limited ·
Hinduja
Estates Private Limited · Hinduja Properties Limited · APDL Estates Limited ·
Siddharth
Textiles Private Limited · Skyways Properties Private Limited ·
The
British Metal Corporation (India) Private Limited · Aasia Business Ventures Limited |
|
|
|
|
Entities under
common control : |
·
Aasia
Imports & Exports Private Limited ·
Ashok
Developers Private Limited · Hinduja Estate Developers Private Limited · Hinduja Finance Limited · Aasia Corporation LLP (Formerly known as Aasia Corporation) · Ashok Plywood Trading Co. LLP (Formerly known as Ashok Plywood Trading Co.) · Hinduja Estate Developers · Aasia Exports |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
502000 |
Equity Shares |
INR 100/- each |
INR 50.200 Million |
|
300000 |
Preference Shares |
INR 100/- each |
INR 30.000 Million |
|
|
Total |
|
INR 80.200
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
482000 |
Equity Shares |
INR 100/- each |
INR 48.200
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 |
48.200 |
30.200 |
30.200 |
|
(b) Reserves & Surplus |
(64.616) |
(46.543) |
(47.113) |
|
(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) |
(16.416) |
(16.343) |
(16.913) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
28.115 |
28.115 |
38.124 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
28.115 |
28.115 |
38.124 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
3.200 |
25.500 |
0.000 |
|
(b)
Trade payables |
0.000 |
0.000 |
0.000 |
|
(c)
Other current liabilities |
0.012 |
0.013 |
31.925 |
|
(d)
Short-term provisions |
0.150 |
0.450 |
0.000 |
|
Total
Current Liabilities (4) |
3.362 |
25.963 |
31.925 |
|
|
|
|
|
|
TOTAL |
15.061 |
37.735 |
53.136 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
14.459 |
34.317 |
0.047 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
14.459 |
34.317 |
0.047 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
0.000 |
1.326 |
12.729 |
|
(d)
Cash and cash equivalents |
0.602 |
0.717 |
3.104 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f)
Other current assets |
0.000 |
1.375 |
37.256 |
|
Total
Current Assets |
0.602 |
3.418 |
53.089 |
|
|
|
|
|
|
TOTAL |
15.061 |
37.735 |
53.136 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
0.000 |
0.000 |
111.234 |
|
|
|
Other Income |
0.565 |
1.331 |
7.828 |
|
|
|
TOTAL |
0.565 |
1.331 |
119.062 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
0.000 |
0.000 |
64.677 |
|
|
|
Other expenses |
1.941 |
0.538 |
37.078 |
|
|
|
TOTAL |
1.941 |
0.538 |
101.755 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(1.376) |
0.793 |
17.307 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
8.847 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(1.376) |
0.793 |
8.460 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
0.000 |
0.000 |
0.684 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(1.376) |
0.793 |
7.776 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
16.697 |
0.223 |
(2.607) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(18.073) |
0.570 |
10.383 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Consultancy Income |
0.000 |
0.000 |
9.109 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
9.109 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(61.10) |
(1881.33) |
3086.00 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash Generated from operating activities |
1.274 |
(30.531) |
56.153 |
|
|
|
|
|
|
Net Cash from Operating Activities |
4.136 |
(29.177) |
45.062 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00 |
0.00 |
41.77 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
0.00 |
8.74 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.00 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.22 |
0.69 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(0.19) |
(1.56) |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(0.20) |
(1.59) |
(1.89) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
1.96 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.00 |
0.00 |
9.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(120.00) |
1.51 |
19.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
110.09 |
(3.49) |
(61.39) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.18 |
0.13 |
1.66 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.18 |
0.13 |
1.66 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(1.09) |
(0.43) |
(0.32) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.07 |
0.84 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.18 |
0.13 |
1.66 |
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 |
30.200 |
30.200 |
48.200 |
|
Reserves & Surplus |
(47.113) |
(46.543) |
(64.616) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(16.913) |
(16.343) |
(16.416) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
25.500 |
3.200 |
|
Total
borrowings |
0.000 |
25.500 |
3.200 |
|
Debt/Equity
ratio |
0.000 |
(1.560) |
(0.195) |
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 |
|
Total Income |
119.062 |
1.331 |
0.565 |
|
|
|
(98.882) |
(57.551) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
119.062 |
1.331 |
0.565 |
|
Profit/ (Loss) |
10.383 |
0.570 |
(18.073) |
|
|
8.72% |
42.82% |
(3198.76%) |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Holding Company |
3.200 |
25.500 |
|
|
|
|
|
Total |
3.200 |
25.500 |
RESULTS OF OPERATIONS
AND STATE OF COMPANY'S AFFAIRS
The Company generated a total revenue of INR 0.565 Million in FY 2015-16 (previous year INR 1.331 Million). Total Expenses stood at INR 1.941 Million in FY 2015-16 (previous year INR 0.539 Million). The Loss before Tax and Exceptional Items stood at INR 1.376 Million (previous year Profit before tax and Exceptional Items INR 0.793 Million). After reckoning of tax expenses, Loss for FY 2015-16 stood at INR 18.073 Million.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Income tax matters – Appeal by company (AY 2008-09) |
6.487 |
12.691 |
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 65.10 |
|
UK Pound |
1 |
INR 90.45 |
|
Euro |
1 |
INR 79.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.