|
|
|
MIRA INFORM REPORT
|
Report No. : |
495197 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MEHRU ELECTRICAL AND MECHANICALENGINEERS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-1247, RIICO Industrial Area, Phase-1 (Ext.), Bhiwadi,
District: Alwar - 301019, Rajasthan |
|
Tel. No.: |
91-1493-222010 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
13.10.1995 |
|
|
|
|
Com. Reg. No.: |
17-010898 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 10.250 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299RJ1995PTC010898 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
1303008530 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
08AABCM2145G1ZR |
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|
|
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PAN No.: [Permanent Account No.] |
AABCM2145G |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Subject engaged in the business of Manufacturing of Electrical Instrument. (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 : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 2100000 |
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|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1995. The company is a manufacturer,
importer and exporter of indoor resin cast current and potential
transformers. As per the financial records of 2017, the company has reported an
average profitability margin of 5.10% and has achieved a favourable growth of
24.07% in its revenue as compared to the previous year’s revenue. The company possesses healthy financial position marked by sound net
worth base along with low debt balance sheet profile and comfortable
liquidity parameters. Rating takes into consideration the company’s satisfactory Earnings
Per Share (EPS) of INR 71.08 as against its Face Value (FV) of INR 10. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered good for normal
business dealings at usual trade terms and condition. |
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 |
CRISIL |
|
Rating |
Long Term Loans = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
12.02.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
12.02.2018 |
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
31-03-2016.
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 06.03.2018
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 DENIED BY
|
Name : |
Mr. Prashant |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9694098066 |
|
Date : |
05.03.2018 |
|
Name : |
Mr. Mandeep Sharma |
|
Designation : |
Director |
|
Contact No.: |
91-9810188640 |
|
Date : |
05.03.2018 |
Tel. No.: 91-1493-221412 / 221748 / 222070 – Continuously ringing
LOCATIONS
|
Registered Office/Factory 1 : |
E-1247, RIICO Industrial Area, Phase-1 (Ext.), Bhiwadi,
District: Alwar - 301019, Rajasthan, India |
|
Tel. No.: |
91-1493-225412 / 221748 / 222010 |
|
Mobile No.: |
91-9810188640 (Mr. Mandeep Sharma) |
|
Fax No.: |
91-1493-222212 |
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E-Mail : |
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|
Website : |
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Factory 2 : |
SP-2/180, RIICO Industrial Area, Kehrani, Bhiwadi, District
Alwar – 301019, Rajasthan, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sudhir Prakash Sharma |
||||||||||||
|
Designation : |
Managing Director |
||||||||||||
|
Address : |
1-41, South City-1, Gurugram – 122002, Haryana, India |
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Date of Birth/Age : |
10.03.1945 |
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Qualification : |
M.A. |
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Date of Appointment : |
13.10.1995 |
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PAN No.: |
ABXPS6953J |
||||||||||||
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DIN No.: |
00472936 |
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|
|
||||||||||||
|
Name : |
Mr. Mandeep Prakash Sharma |
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|
Designation : |
Director |
||||||||||||
|
Address : |
F-36, Green Wood City, Gurugram – 122102, Haryana, India |
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|
Date of Birth/Age : |
11.08.1975 |
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Qualification : |
B.E. |
||||||||||||
|
Experience : |
22 years |
||||||||||||
|
Date of Appointment : |
13.10.1995 |
||||||||||||
|
PAN No.: |
ACJPS6465N |
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DIN No.: |
00473218 |
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|
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Name : |
Mrs. Asha Sharma |
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Designation : |
Director |
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|
Address : |
I – 41, South City, Gurugram – 122102, Haryana, India |
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|
Date of Birth/Age : |
09.09.1949 |
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Qualification : |
M.A |
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|
Date of Appointment : |
13.10.1995 |
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PAN No.: |
ABXPS6962K |
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DIN No.: |
00473240 |
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|
||||||||||||
|
Name : |
Mrs. Monika Sharma |
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|
Designation : |
Director |
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|
Address : |
I – 41, South City, Gurugram – 122102, Haryana, India |
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|
Date of Birth/Age : |
18.02.1975 |
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|
Qualification : |
B.E. |
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|
Date of Appointment : |
29.09.2001 |
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|
DIN No.: |
01495213 |
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|
||||||||||||
|
Name : |
Mr. Sandeep Prakash Sharma |
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|
Designation : |
Director |
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|
Address : |
I – 41, South City, Gurugram – 122102, Haryana, India |
||||||||||||
|
Date of Birth/Age : |
23.04.1973 |
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Qualification : |
B.E. |
||||||||||||
|
Experience : |
22 years |
||||||||||||
|
Date of Appointment : |
13.09.1995 |
||||||||||||
|
PAN No.: |
ACJPS6466R |
||||||||||||
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DIN No.: |
02427900 |
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|
Other
Directorship :
|
|||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sudhir Prakash Sharma |
542500 |
52.93 |
|
Mandeep Prakash Sharma |
100010 |
9.76 |
|
Asha Sharma |
99990 |
9.75 |
|
Monika Sharma |
72500 |
7.07 |
|
Sandeep Prakash Sharma |
210000 |
20.49 |
|
Total |
1025000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in the business of Manufacturing of Electrical Instrument. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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||||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
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 : |
S. Singhal and Company Chartered Accountants |
|
Address : |
E - 1 2 7 , Industrial Area, Bhiwadi – 301019, Rajasthan , India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFS2873Q |
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|
|
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Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
INR 10/- each |
INR 12.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1025000 |
Equity Shares |
INR 10/- each |
INR 10.250 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 |
10.250 |
10.250 |
10.250 |
|
(b) Reserves and Surplus |
712.094 |
639.235 |
598.738 |
|
(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) |
722.344 |
649.485 |
608.988 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
13.942 |
4.592 |
9.482 |
|
(b) Deferred tax liabilities (Net) |
25.493 |
20.666 |
20.226 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.680 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
39.435 |
25.258 |
30.388 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
233.652 |
248.567 |
249.320 |
|
(b) Trade
payables |
317.884 |
204.818 |
278.329 |
|
(c) Other current
liabilities |
46.648 |
38.199 |
49.108 |
|
(d) Short-term
provisions |
38.504 |
26.468 |
25.715 |
|
Total Current
Liabilities (4) |
636.688 |
518.052 |
602.472 |
|
|
|
|
|
|
TOTAL |
1398.467 |
1192.795 |
1241.848 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
300.125 |
287.885 |
265.097 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
40.506 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.020 |
5.020 |
5.020 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
10.492 |
9.601 |
8.699 |
|
(e) Other Non-current
assets |
1.395 |
2.427 |
1.409 |
|
Total Non-Current
Assets |
357.538 |
304.933 |
280.225 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
427.223 |
360.170 |
307.962 |
|
(c) Trade
receivables |
432.830 |
383.484 |
506.478 |
|
(d) Cash and
bank balances |
60.944 |
52.733 |
56.621 |
|
(e)
Short-term loans and advances |
94.368 |
68.699 |
71.718 |
|
(f) Other
current assets |
25.564 |
22.776 |
18.844 |
|
Total
Current Assets |
1040.929 |
887.862 |
961.623 |
|
|
|
|
|
|
TOTAL |
1398.467 |
1192.795 |
1241.848 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1429.691 |
1152.317 |
1090.205 |
|
|
Other Income |
12.226 |
8.672 |
12.598 |
|
|
TOTAL |
1441.917 |
1160.989 |
1102.803 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
892.852 |
713.087 |
706.606 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(72.898) |
(50.792) |
(30.185) |
|
|
Employee benefit expense |
199.522 |
157.598 |
136.452 |
|
|
CSR expenditure |
0.200 |
0.350 |
0.335 |
|
|
Other expenses |
252.585 |
212.186 |
160.329 |
|
|
TOTAL |
1272.261 |
1032.429 |
973.537 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
169.656 |
128.560 |
129.266 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
47.756 |
45.185 |
46.680 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
121.900 |
83.375 |
82.586 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.448 |
21.162 |
23.057 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
98.452 |
62.213 |
59.529 |
|
|
|
|
|
|
|
Less |
TAX |
25.593 |
21.098 |
19.610 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
72.859 |
41.115 |
39.919 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
624.985 |
584.488 |
544.469 |
|
|
|
|
|
|
|
Less |
Amount transfer to Retained earning |
0.000 |
0.618 |
0.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
697.844 |
624.985 |
584.388 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
105.055 |
145.686 |
40.490 |
|
|
TOTAL EARNINGS |
105.055 |
145.686 |
40.490 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
9.388 |
26.573 |
25.108 |
|
|
TOTAL IMPORTS |
9.388 |
26.573 |
25.108 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
71.08 |
40.11 |
38.95 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
6.437 |
4.487 |
9.630 |
|
Net cash flows from (used in) operations |
103.382 |
59.586 |
51.473 |
|
Net cash flows from (used in) operating activities |
130.373 |
84.352 |
77.313 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
110.50 |
121.47 |
169.57 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.30 |
3.00 |
2.15 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
129.95 |
104.84 |
143.77 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.40 |
0.36 |
0.42 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.50 |
0.45 |
0.49 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.47 |
0.44 |
0.50 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.35 |
0.40 |
0.44 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.88 |
0.80 |
0.99 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.47 |
0.44 |
0.44 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.55 |
2.85 |
2.77 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.10 |
3.57 |
3.66 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.21 |
3.45 |
3.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
10.09 |
6.33 |
6.55 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.63 |
1.71 |
1.60 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.96 |
1.02 |
1.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.52 |
0.54 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
24.78 |
25.14 |
26.19 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.63 |
1.71 |
1.60 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
10.250 |
10.250 |
10.250 |
|
Reserves & Surplus |
598.738 |
639.235 |
712.094 |
|
Net
worth |
608.988 |
649.485 |
722.344 |
|
|
|
|
|
|
Long-term borrowings |
9.482 |
4.592 |
13.942 |
|
Short term borrowings |
249.320 |
248.567 |
233.652 |
|
Current maturities of
long-term debts |
9.630 |
4.487 |
6.437 |
|
Total
borrowings |
268.432 |
257.646 |
254.031 |
|
Debt/Equity
ratio |
0.441 |
0.397 |
0.352 |
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 |
1090.205 |
1152.317 |
1429.691 |
|
|
0.000 |
5.697 |
24.071 |
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 |
1090.205 |
1152.317 |
1429.691 |
|
Profit/ (Loss) |
39.919 |
41.115 |
72.859 |
|
|
3.66
% |
3.57
% |
5.10
% |
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATINGPERFORMANCE:
During the year the company has put its best efforts to achieve the targets. Despite of competitive environment and the recessionary trend in overall business continued to prevail in market, company attained the revenue from operation of INR 1429.690 Million (net of excise) which is increase by 24.07% from previous year revenue which was INR 1152.316 Million. During the year company has also improve credit rating scored BBB+ just because of reducing in Debtor recovery time and proper utilization of working capital management. Furthermore, the company has started its own in house Research and Development center for development of 400 kv capacitor voltage transformer, development of Aluminum housing for current transformers with less consumption of natural gases which is well approved by Department of Scientist and Industrial research. Profit after tax increased by 77.20% to INR 72.858 Million in the financial year 2016-17 compared to INR. 41.115 Million in the financial year 2015-16 in spite of competitive market condition.
The earning per share for the year is INR 71.08 as against INR 40.11 in the previous year.
BRIEF DESCRIPTION
OFTHE COMPANY'S WORKING DURING THE YEAR/ STATE OF COMPANY'S AFFAIRS:
The Company is a private Company domiciled in India and incorporated on 13th day of October, 1995. Its registered office is situated at E-1247, Industrial Area, Bhiwadi (Raj)-301019. It is engaged in the business of Manufacturing of Electrical Instrument.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
1.014 |
1.014 |
|
Total |
1.014 |
1.014 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G45673589 |
100102294 |
HDFC BANK LIMITED |
07/04/2017 |
- |
- |
15000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIRJ301019IN |
|
2 |
G76077049 |
100104213 |
INDUSIND BANK LTD. |
29/03/2017 |
05/02/2018 |
- |
165000000.0 |
SANGAM COMPLEX, GROUND FLOOR,CHURCH ROADJAIPURRJ302001IN |
|
3 |
C11320975 |
10378147 |
YES BANK LIMITED |
05/09/2012 |
27/06/2014 |
- |
150000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
4 |
B94653813 |
10265802 |
HDFC BANK LIMITED |
17/01/2011 |
13/12/2013 |
- |
410000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
B27348507 |
10182007 |
ING VYSYA BANK LIMITED |
10/09/2009 |
14/11/2011 |
- |
165000000.0 |
NARIAN MANZIL,GROUND FLOOR,SHOP NO. G1 TO G5,I FLOOR,SHOP NO.1001 TO 1007,BARAKHAMBA ROAD,NEW DELHIDL110001IN |
|
6 |
B94656261 |
10107794 |
HDFC BANK LIMITED |
28/02/2008 |
13/12/2013 |
- |
350000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
A73702532 |
90068463 |
PUNJAB & SIND BANK |
29/02/2000 |
26/09/2005 |
03/11/2009 |
750000.0 |
NEW FRIENDS COLONY.NEW DELHIDL110085IN |
|
8 |
A73695678 |
10084029 |
PUNJAB & SIND BANK |
01/01/2008 |
- |
03/11/2009 |
20000000.0 |
NEW FREINDS COLONYNEW DELHINEW DELHIDL110085IN |
|
9 |
A73701773 |
90067008 |
PUNJAB & SIND BANK |
29/02/2000 |
01/01/2008 |
03/11/2009 |
30000000.0 |
NEW FREINDS COLONYNEW DELHINEW DELHIDL110085IN |
|
10 |
A73699134 |
10040903 |
PUNJAB & SIND BANK |
22/02/2007 |
- |
03/11/2009 |
50000000.0 |
C-619 NEW FRIENDS COLONYNEW DELHIDL110065IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against
company not acknowledged as debt: |
|
|
|
- Income Tax Act 1961 (income tax and penalties for the A.Y. 2004-05, pending at Rajasthan High Court) |
4.086 |
4.086 |
|
( c ) claims against which company has filled appeals |
|
|
|
- income Tax Act 1961 (income Tax demand for the A.Y. 2009-10 , pending at CIT (appeals) Alwar ) |
1.395 |
1.395 |
|
Bank Guarantees |
23.569 |
257.389 |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- 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 65.05 |
|
|
1 |
INR 89.69 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
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 |
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.