|
|
|
MIRA
INFORM REPORT
|
Report No. : |
495426 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
EUREKA CONVEYOR BELTINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F-51-52, Chambal Industrial Area, Kota – 324003, Rajasthan |
|
Tel. No.: |
91-744-2480717/ 2480025 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
21.05.1993 |
|
|
|
|
Com. Reg. No.: |
17-007425 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 4.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25201RJ1993PTC007425 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
1306006261 |
|
|
|
|
CST/ TIN No.: |
08362951919 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE5819K |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
08AABCE5819K1ZF |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
155 (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 |
|
Maximum Credit Limit : |
USD 45000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1993. It is engaged as
manufacturer, exporter, importer and supplier of industrial rubber products,
like conveyor rubber belts, heat resistant conveyor belts, etc. For the financial year 2017, the company has achieved marginal growth
in its revenue as compared to its previous year along with thin profit margin
during the year. The company possesses moderate financial risk profile marked by
average networth base and low debt protection metric. Rating further gets constrained by competition in the reinforced
conveyor belt segment and exposure of the company’s profitability to
fluctuations in prices. These factors result to inability of subject to scale
up its operations without facing profitability pressures. However, these rating weakness gets partially offset by its long and
established track record of its business operations backed by its weak
experience management team. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings 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 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. Sumit Khubchandani |
|
Designation : |
Director |
|
Contact No.: |
91-9314448983 |
|
Date : |
05.03.2018 |
LOCATIONS
|
Registered Office/ Factory : |
F-51-52-53A (Part), Chambal Industrial Area, Kota – 324003, Rajasthan,
India |
|
Tel. No.: |
91-744-2480717/ 2480025 |
|
Mobile No.: |
91-9314448983 (Mr. Sumit Khubchandani) |
|
Fax No.: |
91-744-2480202 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Raj Kumar
Khubchandani |
|
Designation : |
Director |
|
Address : |
107, Shakti Nagar, Kota – 324009, Rajasthan, India |
|
Date of Birth/Age : |
08.05.1952 |
|
Date of Appointment : |
15.09.1996 |
|
DIN No.: |
00954559 |
|
|
|
|
Name : |
Mr. Bharat Kumar
Khubchandani |
|
Designation : |
Director |
|
Address : |
107, Shakti Nagar, Kota – 324009, Rajasthan, India |
|
Date of Birth/Age : |
19.09.1957 |
|
Date of Appointment : |
15.09.1996 |
|
DIN No.: |
00954576 |
|
|
|
|
Name : |
Mr. Sumit Khubchandani |
|
Designation : |
Director |
|
Address : |
107, Shakti Nagar, Kota – 324009, Rajasthan, India |
|
Date of Birth/Age : |
11.11.1981 |
|
Date of Appointment : |
30.11.2004 |
|
DIN No.: |
00954610 |
|
|
|
|
Name : |
Mr. Nitin Khubchandani |
|
Designation : |
Director |
|
Address : |
Parmeshwaram 107, Shakti Nagar, Kota – 324009, Rajasthan, India |
|
Date of Birth/Age : |
13.02.1982 |
|
Date of Appointment : |
30.11.2004 |
|
DIN No.: |
01374788 |
|
|
|
|
Name : |
Bhakti
Khubchandani |
|
Designation : |
Director |
|
Address : |
10, Shakti Nagar, Kota – 324009, Rajasthan, India |
|
Experience : |
30.09.2011 |
|
DIN No.: |
03612379 |
|
|
|
|
Name : |
Mr. Puneet
Khubchandami |
|
Designation : |
Director |
|
Address : |
107, Parmeshwaram, Shakti Nagar, Kota – 324009, Rajasthan, India |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
03612380 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Raj Kumar Khubchandani |
|
27980 |
|
Bharat Kumar Khubchandani |
|
17970 |
|
Bhagwanti Khubchandani |
|
15000 |
|
Laxmi Khubchandani |
|
48000 |
|
Sumit Khubchandani |
|
156990 |
|
Nitin Khubchandani |
|
134000 |
|
Raj Kumar & Sons |
|
10 |
|
Gangwani Kamlesh |
|
10 |
|
Gangwani Pushpa |
|
10 |
|
Chetwani Harsha |
|
10 |
|
Bhakti Khubchandani |
|
10 |
|
Puneet Khubchandani |
|
10 |
|
Total |
|
400000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Conveyor Belts |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
China |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Cheque and Others (NEFT/ RTGS) |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cheque and Others (NEFT/ RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Retailers, End Users and OEMs
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
155 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Sanjaykhandelwal and Associates Chartered Accountants |
|
Address : |
34, Jhalawar Road, Kota – 324007, Rajasthan, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAOFS7871D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Firm where
Directors are interested as partners : |
Indana Rubber Industries |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
INR 10/- each |
INR 6.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
INR 10/- each |
INR 4.000 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 |
4.000 |
4.000 |
4.000 |
|
(b) Reserves & Surplus |
11.678 |
9.723 |
8.678 |
|
(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) |
15.678 |
13.723 |
12.678 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
76.757 |
62.945 |
65.343 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.667 |
|
(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) |
76.757 |
62.945 |
66.010 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
58.372 |
57.628 |
56.558 |
|
(b) Trade
payables |
34.612 |
25.316 |
34.414 |
|
(c) Other
current liabilities |
9.644 |
7.035 |
14.560 |
|
(d) Short-term
provisions |
1.305 |
1.413 |
0.946 |
|
Total Current
Liabilities (4) |
103.933 |
91.392 |
106.478 |
|
|
|
|
|
|
TOTAL |
196.368 |
168.060 |
185.166 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
46.532 |
37.385 |
43.476 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.613 |
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) |
0.598 |
0.241 |
0.000 |
|
(d)
Long-term Loan and Advances |
1.309 |
1.156 |
1.107 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
49.052 |
38.782 |
44.583 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
50.039 |
30.260 |
44.966 |
|
(c) Trade
receivables |
87.410 |
88.037 |
83.327 |
|
(d) Cash
and cash equivalents |
7.353 |
6.638 |
7.945 |
|
(e)
Short-term loans and advances |
2.405 |
3.611 |
4.291 |
|
(f) Other
current assets |
0.109 |
0.732 |
0.054 |
|
Total Current
Assets |
147.316 |
129.278 |
140.583 |
|
|
|
|
|
|
TOTAL |
196.368 |
168.060 |
185.166 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
296.951 |
292.758 |
284.333 |
|
|
Other Income |
1.745 |
1.771 |
1.755 |
|
|
TOTAL |
298.696 |
294.529 |
286.088 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
224.389 |
199.863 |
210.827 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(9.596) |
10.917 |
(6.150) |
|
|
Employees benefits
expense |
10.075 |
10.003 |
9.228 |
|
|
Other expenses |
50.643 |
51.325 |
47.486 |
|
|
TOTAL |
275.511 |
272.108 |
261.391 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
23.185 |
22.421 |
24.697 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
13.811 |
13.358 |
13.560 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
9.374 |
9.063 |
11.137 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.471 |
7.513 |
10.519 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2.903 |
1.550 |
0.618 |
|
|
|
|
|
|
|
Less |
TAX |
0.949 |
0.505 |
(0.655) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1.954 |
1.045 |
1.273 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
9.723 |
8.678 |
7.405 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
11.677 |
9.723 |
8.678 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
17.609 |
10.149 |
24.956 |
|
|
TOTAL EARNINGS |
17.609 |
10.149 |
24.956 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
20.697 |
16.118 |
24.741 |
|
|
TOTAL IMPORTS |
20.697 |
16.118 |
24.741 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.89 |
2.61 |
3.18 |
Expected Sales (2017-2018) : INR 400.000 Million (Due to business
growth)
The above information has been parted by Mr. Sumit Khubchandani
(Director)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.042 |
1.714 |
5.191 |
|
Cash generated from operations |
16.284 |
13.138 |
4.513 |
|
Net cash flow from operating activity |
14.871 |
12.193 |
4.098 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection
Days (Sundry Debtors / Income
* 365 Days) |
107.44 |
109.76 |
106.97 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
3.40 |
3.33 |
3.41 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
56.30 |
46.23 |
59.58 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.46 |
0.74 |
0.55 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.49 |
0.60 |
0.57 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.93 |
0.93 |
0.96 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
8.69 |
8.91 |
10.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
6.63 |
6.66 |
8.40 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
3.01 |
2.72 |
3.43 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.68 |
1.68 |
1.82 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
0.66 |
0.36 |
0.45 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.00 |
0.62 |
0.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.46 |
7.61 |
10.04 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets /
Current Liabilities) |
1.42 |
1.41 |
1.32 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.94 |
1.08 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.08 |
0.08 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
34.04 |
30.57 |
31.77 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.42 |
1.41 |
1.32 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
4.000 |
4.000 |
4.000 |
|
Reserves & Surplus |
8.678 |
9.723 |
11.678 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
12.678 |
13.723 |
15.678 |
|
|
|
|
|
|
long-term borrowings |
65.343 |
62.945 |
76.757 |
|
Short term borrowings |
56.558 |
57.628 |
58.372 |
|
Current Maturities of
Long term debt |
5.191 |
1.714 |
1.042 |
|
Total borrowings |
127.092 |
122.287 |
136.171 |
|
Debt/Equity ratio |
10.025 |
8.911 |
8.685 |
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 |
284.333 |
292.758 |
296.951 |
|
|
|
2.963 |
1.432 |
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 |
284.333 |
292.758 |
296.951 |
|
Profit/(Loss) |
1.273 |
1.045 |
1.954 |
|
|
0.45% |
0.36% |
0.66% |
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) |
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
CORPORATE INFORMATION
The company is a private company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the manufacturing of rubber beltings and other rubber products. The company caters to both domestic and international markets.
STATE OF COMPANY’S
AFFAIRS
The performance of the Company has been steady during the year. The turnover has remained almost stagnant at INR 296.951 Million as against INR 292.758 Million in the previous year. The profit before depreciation has increased to INR 9.374 Million from INR 9.063 Million. The Profit after depreciation has increased sharply to INR 2.902 Million from INR 1.550 Million in previous year on account of lower provision of depreciation
FUTURE OUTLOOK
The growth in demand for products of the company has been very encouraging in the current year so far and with the increased industrial activities the Directors are hopeful for a very good performance in the remaining period of current financial year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and Advances |
|
|
|
From Related Parties - Directors |
72.319 |
61.992 |
|
|
|
|
|
Total |
72.319 |
61.992 |
INDEX OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G70723275 |
10198993 |
HDFC BANK LIMITED |
30/12/2009 |
22/11/2017 |
- |
145813000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
A77757359 |
90074276 |
STATE BANK OF BIKANER AND JAIPUR |
31/05/2005 |
- |
18/01/2010 |
4700000.0 |
INDUSTRIAL ESTATE KOTA RAJASTHAN INDIA |
|
3 |
A77759231 |
10108586 |
State Bank of Bikaner & Jaipur |
24/04/2008 |
- |
18/01/2010 |
6000000.0 |
A-3, Industrial Estate Branch Kota RAJASTHAN 324007 INDIA |
|
4 |
A77758928 |
80010894 |
State Bank of Bikaner & Jaipur |
31/05/2005 |
10/12/2008 |
18/01/2010 |
11000000.0 |
A-3, Industrial Estate Branch Kota RAJASTHAN 324007 INDIA |
|
5 |
A77758415 |
80010895 |
State Bank of Bikaner and Jaipur |
31/05/2005 |
07/09/2006 |
18/01/2010 |
4700000.0 |
Industrial Estate Kota RAJASTHAN 324007 INDIA |
|
6 |
A34013375 |
90074696 |
STATE BANK OF INDIA |
15/01/1996 |
- |
31/01/2008 |
300000.0 |
CHHAORI KOTA RAJASTHAN INDIA |
FIXED ASSETS
- Plant and Machinery
- Solar Power Plant
- Building
- Furniture and Fixtures
- Computers
- Vehicles
- Office Equipments
- Factory Land
- Farm Land
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 64.99 |
|
|
1 |
INR 89.90 |
|
Euro |
1 |
INR 80.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
NRG |
|
|
|
|
Report Prepared
by : |
SUD |
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.