|
|
|
MIRA
INFORM REPORT
|
Report No. : |
494617 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
GOLDMEDAL ELECTRICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
303, Kemp Plaza, Wing-A, Off Link Road, Near Inorbit Mall and
Mindspace, Dumping Ground, Malad (West), Mumbai – 400064, Maharashtra |
|
Mobile No.: |
91-9321145288 (Mr. Ajit) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
14.06.2007 |
|
|
|
|
Com. Reg. No.: |
11-171667 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 20.072 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31401MH2007PTC171667 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
27230631243 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG9397F |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCG9397F1Z6 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Electrical Equipments (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 1020000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2007. It is a manufacturer of
electrical equipment. For the financial year 2017, the company achieved revenue growth of
64.37% as compared to the previous year along with a decent profit margin of
7.19%. The sound financial risk profile of the company is marked by adequate networth
base along with comfortable debt balance sheet profile. Rating takes into consideration the subject’s healthy Earning Per
Share of INR 77.05 against the Face Value of INR 10. Payment seems to be usually 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 DENIED BY
|
Name : |
Mr. Ajit |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9321145288 |
|
Date : |
03.03.2018 |
LOCATIONS
|
Registered Office : |
303, Kemp Plaza, Wing-A, Off Link Road, Near Inorbit Mall and
Mindspace, Dumping Ground, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-22086212 |
|
Mobile No.: |
91-9321145288 (Mr. Ajit) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Praveen Kumar Jain |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
11-10-37, Ammisetty Vari Street, Janda Chettu, 1st Floor, Vijayawada-520001,
Andhra Pradesh, India |
||||||||||||||||||||
|
Date of Appointment : |
01.04.2017 |
||||||||||||||||||||
|
DIN No.: |
00778108 |
||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Jugraj Otmal Jain |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
301, A Wing, Vaastu Park, Evershine Nagar, Malad (West), Mumbai-40006,
Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
12.03.1954 |
||||||||||||||||||||
|
Date of Appointment : |
30.11.2010 |
||||||||||||||||||||
|
PAN No.: |
AEHPJ9145A |
||||||||||||||||||||
|
DIN No.: |
00798139 |
||||||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Kishan Kumar Jain |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
A-302, Vastu Park, Evershine Nagar, Link Road, Malad (West) Mumbai
400064, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
02.08.1978 |
||||||||||||||||||||
|
Date of Appointment : |
01.04.2013 |
||||||||||||||||||||
|
PAN No.: |
AEHPJ6340P |
||||||||||||||||||||
|
DIN No.: |
01728981 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Kapil Jain |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
A/301, Vastu Park, Evershine Nagar, Malad, Mumbai-400064, Maharashtra,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
10.02.1985 |
||||||||||||||||||||
|
Date of Appointment : |
14.06.2017 |
||||||||||||||||||||
|
PAN No.: |
AFGPJ7398B |
||||||||||||||||||||
|
DIN No.: |
02000668 |
||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Bishan J Jain |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
301 / 302, A Wing, Vaastu Par, Malad (West), Mumbai-400064,
Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
15.04.1983 |
||||||||||||||||||||
|
Date of Appointment : |
17.03.2014 |
||||||||||||||||||||
|
PAN No.: |
AFGPJ7399A |
||||||||||||||||||||
|
DIN No.: |
02000696 |
||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Akshit Kumar Jain |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
11-3-20&21, 2nd Floor, Angadalavari Street, Jandachettu,
Vijayawada 520001 |
||||||||||||||||||||
|
Date of Appointment : |
01.04.2017 |
||||||||||||||||||||
|
DIN No.: |
06597263 |
||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Rajesh Vanigota |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
502, Rajvilla Building, Plot No. 317, Jawahar Nagar, Road No. 17,
Goregaon (West), Mumbai-400104, Maharashtra, India |
||||||||||||||||||||
|
Date of Appointment : |
14.01.2017 |
||||||||||||||||||||
|
DIN No.: |
07700410 |
||||||||||||||||||||
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Kapil Jugraj Jain |
|
53700 |
|
Pinky Jain |
|
105250 |
|
Kishan Jugraj Jain |
|
40000 |
|
Jugraj Otmal Jain |
|
57400 |
|
Anjudevi Praveen Kumar Jain |
|
67500 |
|
Goraji Marketing and Consultancy Private Limited, India |
|
1025000 |
|
Bishan Jugraj Jain |
|
48700 |
|
Praveen Kumar Otmal Jain |
|
10000 |
|
Pushpadevi Jugraj Jain |
|
29400 |
|
Vedmutha Electrical (I) Private Limited, India |
|
150000 |
|
Rajguru Finvest Private Limited, India |
|
125000 |
|
Chandulal Jivraj Bagadia HUF |
|
10 |
|
Chandulal Jivraj Bagadia |
|
10 |
|
Mukesh Chandulal Bagadia HUF |
|
10 |
|
Shashikant Bagadia |
|
10 |
|
Darshana S Bagadia |
|
15 |
|
Nitin C Bagadia |
|
15 |
|
Pooja Bagadia |
|
15 |
|
Jyoti Bagadia |
|
15 |
|
Mukesh Bagadia |
|
15 |
|
Bishan Jain (HUF) |
|
15 |
|
Kishan Jain HUF |
|
22415 |
|
Kapil Jain HUF |
|
22415 |
|
Rekha B Jain |
|
67165 |
|
Akshit Kumar Jain |
|
75000 |
|
Praveen Kumar Jain (HUF) |
|
50000 |
|
Daxa Mukesh Bagadia |
|
15 |
|
Chetana K Jain |
|
32750 |
|
Prakash Kantilal Jain |
|
25400 |
|
Suresh Baid |
|
10 |
|
Total |
|
2007250 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
32.33 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
2.90 |
|
Public/Other than promoters (Body corporate) |
64.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Electrical Equipments (Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· The Cosmos Co-Operative Bank Limited, Shop No 6, 7,8, Kewal Tower, B J Patel Road, New Liberty Garden, Malad (West) Mumbai-400064, Maharashtra, India · Yes Bank Limited, 9th Floor, Discovery of India, Nehru Center, Dr. Annie Besant Toad, Worli, Mumbai-400018, Maharashtra, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Sanjay and Vijay Associates Chartered Accountants |
|
Address : |
23, Kesar Building,2D Floor, Opposite Geeta Bhavan Hotel, 201/211 Princess Street, Marine Lines, Mumbai, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAAS5525R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
Goraji Marketing and Consultancy Private Limited CIN No.: U51909MH2004PTC147064 |
|
|
|
|
Other related parties
: |
· Bishan Jain HUF · Kapil Jain HUF · Kishan Jain HUF |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2007250 |
Equity Shares |
INR 10/- each |
INR 20.072 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
20.072 |
18.572 |
11.200 |
|
(b) Reserves and Surplus |
335.976 |
167.817 |
63.215 |
|
(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) |
356.048 |
186.389 |
74.415 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
763.533 |
434.763 |
288.322 |
|
(b) Deferred tax liabilities (Net) |
18.384 |
12.557 |
7.080 |
|
(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) |
781.917 |
447.320 |
295.402 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
917.202 |
516.665 |
261.495 |
|
(c) Other
current liabilities |
97.865 |
91.361 |
49.643 |
|
(d) Short-term
provisions |
0.000 |
17.611 |
0.000 |
|
Total Current
Liabilities (4) |
1015.067 |
625.637 |
311.138 |
|
|
|
|
|
|
TOTAL |
2153.032 |
1259.346 |
680.955 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
314.076 |
190.636 |
125.021 |
|
(ii)
Intangible Assets |
2.441 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
1.406 |
2.093 |
15.700 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.850 |
2.850 |
0.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
28.011 |
13.529 |
15.723 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
348.784 |
209.108 |
156.544 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
756.201 |
366.260 |
143.916 |
|
(c) Trade
receivables |
1013.930 |
639.164 |
355.757 |
|
(d) Cash and
bank balances |
32.022 |
44.814 |
22.352 |
|
(e)
Short-term loans and advances |
2.095 |
0.000 |
2.386 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1804.248 |
1050.238 |
524.411 |
|
|
|
|
|
|
TOTAL |
2153.032 |
1259.346 |
680.955 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
2151.982 |
1309.205 |
751.041 |
|
|
Other Income |
1.611 |
3.154 |
2.901 |
|
|
TOTAL |
2153.593 |
1312.359 |
753.942 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1852.648 |
1149.851 |
638.991 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(389.941) |
(222.344) |
(76.367) |
|
|
Employee benefit expense |
96.906 |
47.078 |
26.088 |
|
|
Other expenses |
263.294 |
178.995 |
100.864 |
|
|
TOTAL |
1822.907 |
1153.580 |
689.576 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
330.686 |
158.779 |
64.366 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
68.916 |
43.816 |
32.562 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
261.770 |
114.963 |
31.804 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
20.969 |
13.784 |
8.330 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
240.801 |
101.179 |
23.474 |
|
|
|
|
|
|
|
Less |
TAX |
86.143 |
38.272 |
7.767 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
154.658 |
62.907 |
15.707 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
77.05 |
33.87 |
8.46 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
46.213 |
24.282 |
20.479 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(62.463) |
(31.075) |
(9.473) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
171.97 |
178.20 |
172.90 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.12 |
2.05 |
2.11 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
180.70 |
164.01 |
149.37 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.44 |
0.43 |
0.45 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.04 |
0.82 |
0.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.85 |
0.86 |
0.91 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.27 |
2.46 |
4.15 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.85 |
3.36 |
4.18 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.89 |
1.03 |
1.89 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.80 |
3.62 |
1.98 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
7.19 |
4.80 |
2.09 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.18 |
5.00 |
2.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
43.44 |
33.75 |
21.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.78 |
1.68 |
1.69 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.03 |
1.09 |
1.22 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.17 |
0.15 |
0.11 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
40.34 |
24.72 |
27.57 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.78 |
1.68 |
1.69 |
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 |
11.200 |
18.572 |
20.072 |
|
Reserves & Surplus |
63.215 |
167.817 |
335.976 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
74.415 |
186.389 |
356.048 |
|
|
|
|
|
|
long-term borrowings |
288.322 |
434.763 |
763.533 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
20.479 |
24.282 |
46.213 |
|
Total
borrowings |
308.801 |
459.045 |
809.746 |
|
Debt/Equity
ratio |
4.150 |
2.463 |
2.274 |
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 |
751.041 |
1309.205 |
2151.982 |
|
|
|
74.319 |
64.373 |
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 |
751.041 |
1309.205 |
2151.982 |
|
Profit |
15.707 |
62.907 |
154.658 |
|
|
2.09
% |
4.80
% |
7.19
% |
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 |
No |
|
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) |
No |
|
16] |
No. of employees |
No |
|
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 |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
No |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate deposits |
141.400 |
64.900 |
|
Loans and advances from related parties |
83.077 |
45.843 |
|
Other loans and advances |
111.113 |
0.000 |
|
Total |
335.590 |
110.743 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G49354483 |
100112740 |
HDFC BANK LIMITED |
20/06/2017 |
- |
- |
40000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
G72865843 |
100144862 |
YES BANK LIMITED |
19/06/2017 |
- |
- |
14100000.0 |
9TH FLOOR, DISCOVERY OF INDIA, NEHRU CENTER, DR. ANNIE BESANT TOAD, WORLI MUMBAI MAHARASHTRA 400018 INDIA |
|
3 |
G73183832 |
100021422 |
HDFC BANK LIMITED |
06/04/2016 |
16/10/2017 |
- |
461900000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MAHARASHTRA 400013 INDIA |
|
4 |
G73149890 |
10533191 |
The Cosmos Co-Op Bank Limited |
21/11/2014 |
21/12/2017 |
- |
310000000.0 |
SHOP NO 6, 7,8, KEWAL TOWER,B J PATEL ROAD,NEW LIBERTY GARDEN, MALAD (WEST) MUMBAI MAHARASHTRA 400064 INDIA |
|
5 |
C43700616 |
10454933 |
DEUTSCHE BANK AG |
29/08/2013 |
- |
13/02/2015 |
8800000.0 |
P.O. BOX NO. 9080 GOREGAON (EAST) MUMBAI MAHARASHTRA 400063 INDIA |
|
6 |
C43701267 |
10454929 |
DEUTSCHE BANK AG |
30/08/2013 |
- |
13/02/2015 |
19200000.0 |
P.O. BOX NO. 9080 GOREGAON (EAST) MUMBAI MAHARASHTRA 400063 INDIA |
|
7 |
C39766670 |
10351907 |
ECL FINANCE LIMITED |
28/04/2012 |
30/04/2014 |
17/12/2014 |
36072425.0 |
EDELWEISS HOUSE, OFF. C.S.T ROAD, KALINA, MUMBAI MAHARASHTRA 400098 INDIA |
|
8 |
B82914748 |
10080539 |
ORIENTAL BANK OF COMMERCE BORIVALI (EAST) BRANCH |
05/11/2007 |
- |
27/08/2013 |
15800000.0 |
5 TO 8, KRISHNA CO-OP HSG. SOC. LTD, GR FLOOR, SHANTIVAN , SHREE KRISHNA NAGAR, BORIVALI (EAST), MUMBAI MAHARASHTRA 400066 INDIA |
|
9 |
B82916834 |
10081803 |
ORIENTAL BANK OF COMMERCE BORIVALI (EAST) BRANCH |
05/11/2007 |
- |
27/08/2013 |
4800000.0 |
5 TO 8, KRISHNA CO-OP HSG. SOC. LTD, GR FLOOR, SHANTIVAN , SHREE KRISHNA NAGAR, BORIVALI (EAST), MUMBAI MAHARASHTRA 400066 INDIA |
|
10 |
B82915356 |
10080653 |
ORIENTAL BANK OF COMMERCE BORIVALI (EAST) BRANCH |
05/11/2007 |
- |
27/08/2013 |
5000000.0 |
5 TO 8, KRISHNA CO-OP HSG. SOC. LTD, GR FLOOR, SHANTIVAN , SHREE KRISHNA NAGAR, BORIVALI (EAST), MUMBAI MAHARASHTRA 400066 INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Other money for which company is contingently liable |
12.833 |
12.833 |
|
Total |
12.833 |
12.833 |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international anti-terrorism
laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.05 |
|
UK Pound |
1 |
INR 80.03 |
|
Euro |
1 |
INR 89.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·