|
|
|
MIRA
INFORM REPORT
|
Report No. : |
495648 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ABHINAV INFRABUILD PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3, Sanghi Colony, Opposite Hotel Amaltas, Indore - 452001, Madhya
Pradesh |
|
Tel. No.: |
91-731-3045701 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
20.08.2009 |
|
|
|
|
Com. Reg. No.: |
10-022293 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1.515 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MP2009PTC022293 |
|
|
|
|
TIN No.: |
23211204978 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
23AAHCA9425DZY |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCA9425D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Service Provider of Construction Services for Commercial and
Residential Building, Apartment. (Registered activity and also Confirmed by
management) |
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|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2009 and it undertakes
construction contractors for industrial / infrastructure projects. As per financials of March 2017, the company has registered a growth
of 58.52% in its revenue as compared to its previous year’s revenue and has
reported average profit margin of 2.01%. Rating takes into consideration the company’s satisfactory track
record of business operations marked by sound net worth base along with
average debt coverage indicators and decent liquidity position. Further, the company has reported a good earning per share of INR
20.64 against its face value of INR 10. However, rating strength is partially offset by its presence in highly
competitive and working capital requirement construction industry. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (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 07.03.2018
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. Abhinav Sureka |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9753290000 |
|
Date : |
05.03.2018 |
|
Name : |
Mr. Nitin Khatri |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9977717623 |
|
Date : |
05.03.2018 |
LOCATIONS
|
Registered Office : |
3, Sanghi Colony, Opposite Hotel Amaltas, Indore - 452001, Madhya
Pradesh, India |
|
Tel. No.: |
91-731-3045701 |
|
Mobile No.: |
91-9753290000 (Mr. Abhinav) 91-9977717623 (Mr. Nitin) |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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Branch Office : |
207-208, Industry House, 15, Old Palasia, A.B. Road, Indore – 452018, Madhya
Pradesh, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Anurag Sureka |
||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
3, Sanghi Colony, Indore - 452001, Madhya Pradesh, India |
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Date of Birth/Age : |
26.01.1964 |
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Date of Appointment : |
01.10.2016 |
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DIN No.: |
00135712 |
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Other Directorship:
|
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|
||||||||||||||||||||
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Name : |
Mr. Abhinav Sureka |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
3, Sanghi Colony, Opposite Hotel Amaltas, A.B. Road,
Indore - 452001, Madhya Pradesh, India |
||||||||||||||||||||
|
Date of Appointment : |
01.11.2017 |
||||||||||||||||||||
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DIN No.: |
07288505 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Nitin Khatri |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Anurag Sureka |
150000 |
99.01 |
|
Abhinav Sureka |
1500 |
0.99 |
|
Total |
151500 |
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 : |
Service Provider of Construction Services for Commercial and
Residential Building, Apartment. (Registered activity and also Confirmed by
management) |
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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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Terms : |
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Selling : |
NEFT and RTGS |
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Purchasing : |
NEFT and RTGS |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
LONG-TERM
BORROWINGS Terms and
Conditions of Borrowing Hydra Loan 1 from Tata Capital Limited is secured against
hypothecation of Hydra Machine 1. The Interest on the loan is payable %6.6%
p.a. The Loan is repayable in 31 installments starting from 29.02.2012. Loan from Kotak Mahindra is secured against Vehicles. The interest on
the loan is payable @ 9.84% p.a. The loan is repayable in 36 installments. Loan from ICICI is secured against hypothecation of Hydra Machine. The
interest on the loan is payable @ 10.26% p.a. The loan is repayable in 47
installments. SHORT-TERM
BORROWINGS Terms and
Conditions of Borrowing C/C Loan from Bank of India is secured against hypothecation of Stock.
The Interest on the loan is payable @ 12.25% p.a. Overdraft from ICICI is secured against property of directors. The
Interest on the loan is payable @10.85% Repayable in 120 installments. |
|
Auditors : |
|
|
Name : |
M. Mehta and Company Chartered Accountants |
|
Address : |
11/5, South Tukoganj, Nath Mandir Road, Indore- 452001, Madhya Pradesh,
India |
|
Tel. No.: |
91-731-4065948 / 2511022 |
|
Mobile No.: |
91-9826294918 |
|
Fax No.: |
91-731-2523117 |
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E-Mail : |
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|
Website : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAGFM2167A |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Associates Concern: |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
151500 |
Equity Shares |
INR 10/- each |
INR 1.515 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 |
1.515 |
1.515 |
1.515 |
|
(b) Reserves & Surplus |
15.774 |
12.647 |
8.537 |
|
(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) |
17.289 |
14.162 |
10.052 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9.281 |
9.131 |
9.264 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
9.281 |
9.131 |
9.264 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
34.450 |
34.749 |
33.811 |
|
(b) Trade payables |
17.476 |
6.365 |
6.122 |
|
(c) Other current liabilities |
7.089 |
7.517 |
4.437 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
59.015 |
48.631 |
44.370 |
|
|
|
|
|
|
TOTAL |
85.585 |
71.924 |
63.686 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
22.735 |
16.598 |
15.709 |
|
(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) |
0.274 |
0.076 |
0.822 |
|
(d) Long-term Loan and Advances |
11.557 |
14.564 |
16.314 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
34.566 |
31.238 |
32.845 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
22.884 |
5.894 |
8.336 |
|
(c) Trade receivables |
17.731 |
32.301 |
16.427 |
|
(d) Cash and cash equivalents |
5.520 |
0.397 |
1.205 |
|
(e) Short-term loans and
advances |
4.869 |
2.009 |
4.457 |
|
(f) Other current assets |
0.015 |
0.085 |
0.416 |
|
Total
Current Assets |
51.019 |
40.686 |
30.841 |
|
|
|
|
|
|
TOTAL |
85.585 |
71.924 |
63.686 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
155.793 |
98.446 |
100.310 |
|
|
Other Income |
0.450 |
1.399 |
0.280 |
|
|
TOTAL
|
156.243 |
99.845 |
100.590 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
103.199 |
70.184 |
67.332 |
|
|
Purchases of Stock-in-Trade |
40.134 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(15.800) |
1.050 |
9.314 |
|
|
Employees benefits expense |
9.426 |
8.377 |
8.268 |
|
|
Other expenses |
4.579 |
4.819 |
5.337 |
|
|
TOTAL |
141.538 |
84.430 |
90.251 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
14.705 |
15.415 |
10.339 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.710 |
5.773 |
6.105 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.995 |
9.642 |
4.234 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
4.630 |
3.900 |
4.172 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
4.365 |
5.742 |
0.062 |
|
|
|
|
|
|
|
Less |
TAX |
1.238 |
1.632 |
0.261 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
3.127 |
4.110 |
(0.199) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
3.127 |
4.110 |
(0.199) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
20.64 |
27.13 |
(1.31) |
Expected Sales (2017-2018) : INR 190.000 Million (Due to business growth)
The above information has been parted by Mr. Abhinav Sureka
(Managing Director)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
3.052 |
1.148 |
0.657 |
|
Cash generated from operations |
23.524 |
7.885 |
30.497 |
|
Net cash flow from operating activity |
20.946 |
8.971 |
29.533 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
41.54 |
119.76 |
59.77 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.79 |
3.05 |
6.11 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
44.50 |
33.10 |
33.19 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.64 |
2.62 |
1.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.65 |
0.93 |
0.66 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.83 |
0.82 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.71 |
3.18 |
4.35 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.41 |
3.43 |
4.41 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.31 |
1.17 |
1.56 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.58 |
2.67 |
1.69 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.01 |
4.17 |
(0.20) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.65 |
5.71 |
(0.31) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.09 |
29.02 |
(1.98) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.86 |
0.84 |
0.70 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.48 |
0.72 |
0.51 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.20 |
0.20 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
30.88 |
29.72 |
28.87 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.86 |
0.84 |
0.70 |
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 |
1.515 |
1.515 |
1.515 |
|
Reserves & Surplus |
8.537 |
12.647 |
15.774 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
10.052 |
14.162 |
17.289 |
|
|
|
|
|
|
Long Term borrowings |
9.264 |
9.131 |
9.281 |
|
Short Term borrowings |
33.811 |
34.749 |
34.450 |
|
Current Maturities of Long term debt |
0.657 |
1.148 |
3.052 |
|
Total
borrowings |
43.732 |
45.028 |
46.783 |
|
Debt/Equity
ratio |
4.351 |
3.179 |
2.706 |
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
|
100.310 |
98.446 |
155.793 |
|
|
|
(1.858) |
58.252 |
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
|
100.310 |
98.446 |
155.793 |
|
Profit |
(0.199) |
4.110 |
3.127 |
|
|
(0.20%) |
4.17% |
2.01% |
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 |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 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 |
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 |
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS:
The company undertakes construction contracts for Industrial /
Infrastructure projects.
The company intends to continue with the same line of activity.
Future prospects appear to be good as the construction activity is
growing.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term Borrowings |
|
|
|
From Body
Corporates : |
|
|
|
Safeway Packaging’s Private Limited |
3.608 |
3.291 |
|
Sureka Marketing and Engg. Private Limited |
1.725 |
3.846 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
From Directors |
14.227 |
15.755 |
|
From Body
Corporates : |
|
|
|
Parth Credit Capital Finance Private Limited |
0.676 |
1.058 |
|
Total |
20.236 |
23.950 |
|
Long-term
Borrowings Loan from Sureka Marketing and Engineering Private Limited is
unsecured. The interest on the loan is payable @12% p.a. Loan from Safeway
Packaging Private Limited is unsecured. The Interest on the loan is payable
@12%p.a. Short-term
borrowings The Loans taken from Directors are unsecured. The Interest on the Loan
is payable @ 12% p.a. The Loan from Parth Credit Capital finance Private Limited is unsecured and repayable on demand. Interest
is payable @ 14%. |
||
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G31858772 |
100068815 |
ICICI BANK LIMITED |
29/07/2016 |
- |
- |
3997300.0 |
ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara – 390007, GUJARAT, INDIA |
|
2 |
C59996694 |
10582309 |
ICICI BANK LIMITED |
29/06/2015 |
- |
- |
1182500.0 |
LAND MARK RACE COURCE CIRCLE, ALKAPURI, BARODA – 390015, GUJARAT, INDIA |
|
3 |
B74225293 |
10423204 |
L & T FINANCE LIMITED |
15/03/2013 |
- |
- |
2062930.0 |
L&T HOUSE, BALLARD ESTATE, MUMBAI – 400001, MAHARASHTRA, INDIA |
|
4 |
B60593373 |
10382844 |
TATA CAPITAL LIMITED |
26/09/2012 |
- |
- |
1100000.0 |
ONE FORBESDR V B GANDHI MARG, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
|
5 |
B35027622 |
10342190 |
TATA CAPITAL LIMITED |
29/02/2012 |
- |
- |
1100000.0 |
ONE FORBESDR V B GANDHI MARG, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
|
6 |
G76898766 |
10255479 |
Bank of India |
06/12/2010 |
07/02/2018 |
- |
8000000.0 |
A.B Road Branch, UG-8 Kanchan Sagar Complex18 Old Palasia, A.B. Road, Indore – 452001, Madhya Pradesh, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Income Tax Assessment Year 2013-14 |
0.000 |
4.906 |
FIXED ASSETS
- Furniture and Fixture
- Air Conditioner
- Boom Lift Machine
- Car
- Computer Software
- Computer
- Construction Capital
- Cooler
- Cycle
- Hero Honda Bike
- Mobile
- Hero Bike
- Motor Cycle
- Plant and Machinery
- Samsung TV
- Printer
- Nikon Camera
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 65.99 |
|
|
1 |
INR 89.90 |
|
Euro |
1 |
INR 80.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
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 |
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.