|
|
|
MIRA INFORM REPORT
|
Report No. : |
494544 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHRIGOPAL RAMESHKUMAR SALES PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
Sarvodaya Cloth Market, Gandhibag, Nagpur – 440002, Maharashtra |
|
Tel. No.: |
91-712-2769035 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
07.10.1996 |
|
|
|
|
Com. Reg. No.: |
11-103127 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 68.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900Mh1996PTC103127 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0303054719 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPS02822B |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCS9226J1Z2 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS9226J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 07th October 1996 and is a
trader of cotton and yarn. Management has failed to file its financials after 2015 with Registrar
of Companies. Mr. Sachin Landekar (Finance Department) provided information and
claimed that the subject has achieved revenue of INR 5000.000 Million for
FY-2016 and FY-2017. (Figures not Verified.) As per available financials of 2015, revenue of the company has
declined by 13.09% and has reported low profit margin of 0.36% during the
year. The company’s average financial profile is reflected by its average
solvency indicators due to leverage balance sheet profile along with moderate
net worth base and high gearing. Rating further gets constrained by non-availability of latest
financials and vulnerability of its operating margins to volatility in the agro
commodity prices and working capital intensive operations. However, rating weakness is partially offset by company’s established
track record of business operations and promoters extensive industry
experience. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealing with some caution. |
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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
31-03-2016.
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 PARTED BY
|
Name : |
Mr. Sachin Landekar |
|
Designation : |
Finance Department |
|
Contact No.: |
91-712-2769035 |
|
Date : |
27.02.2018 |
LOCATIONS
|
Registered Office : |
Sarvodaya Cloth Market, Gandhibag, Nagpur – 440002, Maharashtra, India
|
|
Tel. No.: |
91-712-2769035 / 2777206 / 2766543 |
|
Fax No.: |
91-712-2765845 / 2761641 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Kalameshwar, Nagpur, Maharashtra, India |
|
|
|
|
Branches : |
Located at:
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ramesh Bhagirath Rander |
||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||
|
Address : |
Sarvodaya Cloth Market, Gandhibag, Nagpur – 440002, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.12.1961 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
07.10.1996 |
||||||||||||||||||||||||||||
|
PAN No.: |
AAVPR8829D |
||||||||||||||||||||||||||||
|
DIN No.: |
00290726 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Praveen Madhusudan Rander |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Sarvodaya Cloth Market, Gandhibag, Nagpur – 440002, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.05.1983 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
26.11.2007 |
||||||||||||||||||||||||||||
|
DIN No.: |
00577879 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Rohit Ramesh Rander |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Sarvodaya Cloth Market, Gandhibag, Nagpur – 440002, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.01.1989 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2010 |
||||||||||||||||||||||||||||
|
PAN No.: |
AKFPR5968K |
||||||||||||||||||||||||||||
|
DIN No.: |
02187354 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sachin Landekar |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
86.49 |
|
Promoter - Bodies
corporate |
13.51 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
||||
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|
||||
|
Products : |
|
||||
|
|
|
||||
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Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
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Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
Pakistan |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Advance Payment, L/C and Credit (30 Days) |
||||
|
|
|
||||
|
Purchasing : |
Advance Payment, L/C and Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
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Customers : |
Retailers and End Users
|
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
No. of Employees : |
40 (Approximately) |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Bankers : |
|
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Panpaliya Taori and Company Chartered Accountants |
|
Address : |
Block No. 11, 2nd Floor, Bajaj Wing, Mangalwari Complex, Sadar, Nagpur-440001, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFP3852G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate : |
U65999MH1997PTC106249
U45203MH2007PTC172575
|
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000Million |
|
5000000 |
Preference Shares |
INR 10/- each |
INR 50.000 Million |
|
|
Total |
|
INR 80.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1850000 |
Equity Shares |
INR 10/- each |
INR 18.500
Million |
|
5000000 |
Preference Shares |
INR 10/- each |
INR 50.000
Million |
|
|
Total |
|
INR 68.500 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
68.500 |
68.500 |
68.500 |
|
(b) Reserves & Surplus |
228.709 |
209.226 |
170.812 |
|
(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) |
297.209 |
277.726 |
239.312 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
519.795 |
188.800 |
114.328 |
|
(b) Deferred tax liabilities
(Net) |
9.211 |
6.981 |
5.162 |
|
(c) Other long term
liabilities |
1.251 |
0.000 |
60.035 |
|
(d) long-term provisions |
32.631 |
32.631 |
32.631 |
|
Total
Non-current Liabilities (3) |
562.888 |
228.412 |
212.156 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1052.345 |
1086.516 |
874.761 |
|
(b) Trade payables |
351.279 |
479.983 |
454.585 |
|
(c) Other current liabilities |
41.355 |
246.111 |
87.551 |
|
(d) Short-term provisions |
2.767 |
17.086 |
16.570 |
|
Total
Current Liabilities (4) |
1447.746 |
1829.696 |
1433.467 |
|
|
|
|
|
|
TOTAL |
2307.843 |
2335.834 |
1884.935 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
139.781 |
104.519 |
94.420 |
|
(ii) Intangible Assets |
0.423 |
0.489 |
0.700 |
|
(iii) Capital work-in-progress |
1.356 |
6.034 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
155.000 |
5.000 |
5.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.625 |
4.006 |
1.582 |
|
(e) Other Non-current assets |
32.631 |
32.631 |
32.631 |
|
Total
Non-Current Assets |
331.816 |
152.679 |
134.333 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
639.835 |
372.072 |
427.662 |
|
(c) Trade receivables |
1168.470 |
1376.288 |
890.870 |
|
(d) Cash and cash equivalents |
33.393 |
22.372 |
132.318 |
|
(e) Short-term loans and
advances |
119.569 |
316.336 |
287.878 |
|
(f) Other current assets |
14.760 |
96.087 |
11.874 |
|
Total
Current Assets |
1976.027 |
2183.155 |
1750.602 |
|
|
|
|
|
|
TOTAL |
2307.843 |
2335.834 |
1884.935 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
5269.587 |
6075.023 |
|
|
|
Other Income |
32.188 |
40.827 |
|
|
|
TOTAL
|
5301.775 |
6115.850 |
4957.755 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
998.549 |
933.721 |
|
|
|
Purchases of Stock-in-Trade |
4129.089 |
4866.066 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(104.952) |
20.294 |
|
|
|
Employees benefits expense |
12.103 |
8.452 |
|
|
|
Other expenses |
71.610 |
112.867 |
|
|
|
TOTAL |
5106.399 |
5941.400 |
4897.745 |
|
|
|
|
|
(Including
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
195.376 |
174.450 |
finance
expenses) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
159.743 |
111.148 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
35.633 |
63.302 |
60.010 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
5.689 |
5.808 |
4.939 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
29.944 |
57.494 |
55.071 |
|
|
|
|
|
|
|
Less |
TAX |
10.381 |
19.080 |
18.058 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
19.563 |
38.414 |
37.013 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Export of Cotton Bales |
0.000 |
316.091 |
283.247 |
|
|
Export foreign exchange
variation |
0.000 |
36.549 |
9.663 |
|
|
Export forex gains |
0.000 |
11.011 |
0.698 |
|
|
TOTAL
EARNINGS |
0.000 |
363.651 |
293.608 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
19.011 |
NA |
|
|
TOTAL
IMPORTS |
0.000 |
19.011 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
10.57 |
20.76 |
7.14 |
|
Particulars |
|
31.03.2017 |
31.03.2016 |
|
Sales Turnover |
|
5000.000 |
5000.000 |
|
|
|
|
|
The above information has been parted by Mr. Sachin Landekar (Finance
Department)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
18.898 |
8.388 |
5.388 |
|
Net cash flows from (used in) operations |
(300.486) |
(329.299) |
(84.484) |
|
Net cash flow from operating activity |
(149.255) |
(255.556) |
(85.891) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
80.44 |
82.14 |
65.59 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.54 |
4.44 |
5.57 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
25.01 |
30.21 |
NA |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.31 |
0.47 |
0.14 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.38 |
1.57 |
0.63 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.86 |
0.87 |
0.82 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
5.35 |
4.62 |
4.16 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
4.87 |
6.59 |
5.99 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.48 |
0.40 |
0.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.22 |
1.57 |
NA |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.37 |
0.63 |
0.75 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.85 |
1.64 |
1.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
6.58 |
13.83 |
15.47 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.36 |
1.19 |
1.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.92 |
0.99 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.13 |
0.12 |
0.13 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
23.23 |
18.74 |
14.52 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.36 |
1.19 |
1.22 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
68.500 |
68.500 |
68.500 |
|
Reserves & Surplus |
170.812 |
209.226 |
228.709 |
|
Net
worth |
239.312 |
277.726 |
297.209 |
|
|
|
|
|
|
Long Term borrowings |
114.328 |
188.800 |
519.795 |
|
Short Term borrowings |
874.761 |
1086.516 |
1052.345 |
|
Current Maturities of Long term debt |
5.388 |
8.388 |
18.898 |
|
Total
borrowings |
994.477 |
1283.704 |
1591.038 |
|
Debt/Equity
ratio |
4.156 |
4.622 |
5.353 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
4957.755 |
6115.850 |
5301.775 |
|
|
|
23.359 |
(13.311) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
4957.755 |
6115.850 |
5301.775 |
|
Profit |
37.013 |
38.414 |
19.563 |
|
|
0.75% |
0.63% |
0.37% |
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 |
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 |
No |
|
26 |
Turnover of firm for last five 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
The Company was formed in the Year 1995. The business of the company consists of Trading of cotton bales and manufacturing of cotton bales from raw cotton. During the year the company has also started the manufacturing of oils from cotton seeds. Head office is located at Sarvodaya Market, Gandhibagh, Nagpur and the Ginning and Oil unit is situated at (Mohali), Kalmeshwar.
RESULTS OF OPERATIONS
AND STATE OF AFFAIRS
The total revenue decreased to INR 5301.775 Million in the financial year ended 31st March 2015 from 6115.850 Million - of financial year ended 31st March 2014. The Net Profit after tax before appropriations for the year decreased to INR 19.563 Million from Profit of 38.413 Million of financial year ended 31st March 2014.
During the year, the overall performance/working of the
Company was not Satisfactory. Among all odds, the Company is unable to maintain
its performance. However, the Directors of Company will undertake New Projects,
Policies and Procedures to boost the performance and cope up with the
Expectations of Stakeholders of the Company.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2015 (INR
in Million) |
31.03.2014 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate borrowings |
273.774 |
128.000 |
|
Loans and advances from related parties |
0.000 |
6.546 |
|
Other loans and advances |
107.919 |
31.794 |
|
Total |
381.693 |
166.340 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G68133511 |
100020108 |
UNION BANK OF INDIA |
28/03/2016 |
15/03/2017 |
- |
200000000.0 |
MAHARASHTRA STATE MIDDLE & HIGHER EDUCATION BOARD, RABINDRANATH TAGORE MARG, CIVIL LINES, NAGPUR – 440001, MAHARASHTRA, INDIA |
|
2 |
C66258682 |
10596493 |
State Bank of India |
31/12/2014 |
- |
- |
646800000.0 |
INDUSTRIAL FINANCE BRANCH5, SAI COMPLEX, BHARAT NAGAR, AMRAVATI ROAD, NAGPUR – 440033, MAHARASHTRA, INDIA |
|
3 |
C37243318 |
10537982 |
Magma Housing Finance (A Public Company with Unlimited Liability) |
28/11/2014 |
- |
- |
31700000.0 |
8, Sant Nagar, East of Kailash, New Delhi – 110065, INDIA |
|
4 |
C00099051 |
90243655 |
BANK OF INDIA |
04/12/2003 |
06/02/2014 |
- |
1608800000.0 |
MID Corporate Branch, BANK OF INDIA BUILDING, MEZ ANNINE FLOOR, S.V. Patel Marg, Nagpur – 440001, MAHARASHTRA, INDIA |
|
5 |
G04475802 |
10407959 |
BANK OF INDIA |
14/01/2013 |
- |
11/05/2016 |
500000000.0 |
BANK OF INDIA BUILDING, S.V. PATEL MARG, NAGPUR -440001, MAHARASHTRA, INDIA |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
NSR |
|
|
|
|
Report Prepared
by : |
SUJ |
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.