|
|
|
MIRA
INFORM REPORT
|
Report No. : |
496024 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
JB ROLLING MILLS LIMITED (w.e.f. 03.08.2010) |
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|
|
|
Formerly Known
As : |
JB ROLLING MILL LIMITED (w.e.f. 29.01.2010) SHRI GANPATI CONCAST (INDIA) LIMITED |
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|
Registered
Office : |
Room No. S-3, D-16, City Chambers, Central Market, Prashant Vihar, New Delhi - 110085 |
|
Tel. No.: |
Not Available |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
06.06.1996 |
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|
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Com. Reg. No.: |
55-079453 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 251.142 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26102DL1996PLC079453 |
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|
|
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IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AACCG2489A |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject engaged in the business in manufacturing of Steel. [Registered Activity] |
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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 3200000 |
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|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1996 and is
having a satisfactory track record. Management has failed to file its financial with the Registrar of
companies for the FY 2017. For FY-16, the company has reported 3.81% revenue growth as compared
to previous year revenue and it has maintained sound profitability margin of
1.25% during the year under review. The satisfactory financial risk profile of the company is marked by
sufficient net worth base along with low debt balance sheet profile. Trade relations are fair. Payments are usually correct. The company can be considered for normal 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.
INFORMATION DENIED BY
|
Name : |
Mr. Gagan Kumar |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9816074025 |
|
Date : |
05.03.2018 |
Mob. No.: 91-8894783411 [Management Non-Cooperative]
LOCATIONS
|
Registered Office : |
Room No. S-3, D-16, City Chambers, Central Market, Prashant Vihar, New Delhi – 110085, India |
|
Tel. No.: |
Not Available |
|
Mob. No: |
91-8894783411 |
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Fax No.: |
Not Available |
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E-Mail : |
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|
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Girder Unit: |
Trilokpur Road, Kala-Amb, Tehsil-Nahan, District Sirmour - 173030,
Himachal Pradesh, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Jagdish Parshad Jain |
||||||||||||||||||||||||
|
Designation : |
Additional Director |
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|
Address : |
House No.-77, Sector-15, Sonipat-131001, Haryana, India |
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Date of Birth/Age : |
31.12.1946 |
||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||
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PAN No.: |
AFLPP7705H |
||||||||||||||||||||||||
|
Date of Appointment : |
07.11.2013 |
||||||||||||||||||||||||
|
DIN No.: |
00269489 |
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Other Directorship:
|
|||||||||||||||||||||||||
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||||||||||||||||||||||||
|
Name : |
Mr. Sanjay Jain |
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|
Designation : |
Director |
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|
Address : |
1247-48-49, Ward No -12, Huda Colony, Panipat-132103, Haryana, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
09.10.1971 |
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|
Qualification : |
Graduate |
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PAN No.: |
AARPJ2650E |
||||||||||||||||||||||||
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Date of Appointment : |
25.03.2006 |
||||||||||||||||||||||||
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DIN No.: |
00473046 |
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Other Directorship:
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|||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Name : |
Mr. Bijender Jain |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
H.No.-79, Sector-15, Sonipat-131001, Haryana, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
31.12.1964 |
||||||||||||||||||||||||
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PAN No.: |
ADAPJ6208Q |
||||||||||||||||||||||||
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Qualification : |
Graduate |
||||||||||||||||||||||||
|
Date of Appointment : |
25.03.2006 |
||||||||||||||||||||||||
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DIN No.: |
00563777 |
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Other Directorship:
|
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|
||||||||||||||||||||||||
|
Name : |
Mrs. Alka Jain |
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|
Designation : |
Additional Director |
||||||||||||||||||||||||
|
Address : |
H.No.-79, Sector-15, Sonipat-131001, Haryana, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
21.06.1967 |
||||||||||||||||||||||||
|
Qualification : |
Graduate |
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PAN No.: |
AAMPJ6483C |
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|
Date of Appointment : |
30.03.2015 |
||||||||||||||||||||||||
|
DIN No.: |
01494453 |
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Other Directorship:
|
|||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Name : |
Mrs. Alka Jain |
||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||
|
Address : |
H.No.1247-48-49, Ward.No.12, Huda Colony, Panipat-132103, Haryana, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
14.09.1972 |
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PAN No.: |
ABOPJ0916B |
||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2015 |
||||||||||||||||||||||||
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DIN No.: |
01501924 |
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|
||||||||||||||||||||||||
|
Name : |
Mr. Sandeep Jain |
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|
Designation : |
Additional Director |
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|
Address : |
House No. 1248, Phase-II, Sector 11-12, Huda Panipat-132103, Haryana, India |
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|
Date of Birth/Age : |
27.02.1975 |
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|
Qualification : |
Graduate |
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PAN No.: |
ACEPJ0042M |
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Date of Appointment : |
07.11.2013 |
||||||||||||||||||||||||
|
DIN No.: |
06807239 |
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||||||||||||||||||||||||
|
Name : |
Chetna Jain |
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Designation : |
Additional Director |
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Address : |
# 66, Sector-7, Panchkula – 134109, Haryana, India |
||||||||||||||||||||||||
|
Date of Appointment : |
19.04.2017 |
||||||||||||||||||||||||
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DIN No.: |
07798826 |
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KEY EXECUTIVES
|
Name : |
Ms. Poonam |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Surender jain |
|
3022300 |
|
Sanjay jain |
|
3399900 |
|
Sandeep jain |
|
2863000 |
|
Ajay jain |
|
2332000 |
|
Narinder jain |
|
2158000 |
|
Rakhi jain |
|
1880000 |
|
Alka jain |
|
140000 |
|
Bijender jain |
|
4500000 |
|
Jagdish jain |
|
882800 |
|
Jagdish Jain HUF |
|
20000 |
|
Neeta jain |
|
1560000 |
|
Meenakshi jain |
|
234000 |
|
Jaipal jain |
|
460200 |
|
Jaipal jain (HUF) |
|
60000 |
|
Sanjay Jain HIUF |
|
24000 |
|
Manish Jain |
|
494000 |
|
Manish Jain and Sons |
|
24000 |
|
Bijender Jain HUF |
|
20000 |
|
Narinder HUF |
|
20000 |
|
Kavita Jain |
|
520000 |
|
Alka Jani |
|
500000 |
|
Total |
|
25114200 |
LIST OF ALLOTTEES
As on: 09.01.2017
|
Names of Shareholders |
|
No. of Shares |
|
Bijender Jain |
|
150000 |
|
Jagdish Parshad Jain |
|
212500 |
|
Kavita Jain |
|
237500 |
|
Alka Jain |
|
125000 |
|
Total |
|
725000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in the business in manufacturing of Steel. [Registered Activity] |
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Products : |
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||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
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|
||||
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Imports : |
Not Divulged |
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|
|
||||
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
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||||||||||||||||||||||||
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Customers : |
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||||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
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|
||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Agarwal Ajay and Associates Chartered Accountants |
|
Address : |
New Mandi, Muzaffar Nagar, Delhi, India |
|
PAN No.: |
AIMPB5936C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Others |
|
CAPITAL STRUCTURE
After on: 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27000000 |
Equity Shares |
INR 10/- each |
INR 270.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25839200 |
Equity Shares |
INR 10/- each |
INR 258.392 Million |
|
|
|
|
|
As on: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27000000 |
Equity Shares |
INR 10/- each |
INR 270.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25114200 |
Equity Shares |
INR 10/- each |
INR 251.142 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
251.142 |
251.142 |
251.142 |
|
(b) Reserves & Surplus |
857.185 |
835.794 |
823.227 |
|
(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) |
1108.327 |
1086.936 |
1074.369 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
47.532 |
14.386 |
1.223 |
|
(b) Deferred tax liabilities (Net) |
2.697 |
1.844 |
0.128 |
|
(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) |
50.229 |
16.230 |
1.351 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
584.114 |
482.360 |
448.267 |
|
(b) Trade
payables |
59.194 |
50.075 |
54.313 |
|
(c) Other
current liabilities |
34.654 |
28.117 |
31.213 |
|
(d) Short-term
provisions |
35.430 |
7.402 |
47.237 |
|
Total Current
Liabilities (4) |
713.392 |
567.954 |
581.030 |
|
|
|
|
|
|
TOTAL |
1871.948 |
1671.120 |
1656.750 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
394.331 |
370.150 |
410.277 |
|
(ii)
Intangible Assets |
0.000 |
0.243 |
0.485 |
|
(iii)
Capital work-in-progress |
72.340 |
35.884 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
219.740 |
210.790 |
150.004 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.382 |
2.910 |
2.910 |
|
(e) Other
Non-current assets |
184.743 |
184.021 |
190.324 |
|
Total Non-Current
Assets |
874.536 |
803.998 |
754.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
295.772 |
160.265 |
222.835 |
|
(c) Trade
receivables |
599.514 |
642.823 |
611.936 |
|
(d) Cash
and cash equivalents |
19.150 |
11.165 |
14.463 |
|
(e)
Short-term loans and advances |
51.121 |
35.391 |
37.182 |
|
(f) Other
current assets |
31.855 |
17.478 |
16.334 |
|
Total
Current Assets |
997.412 |
867.122 |
902.750 |
|
|
|
|
|
|
TOTAL |
1871.948 |
1671.120 |
1656.750 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1684.725 |
1630.710 |
3010.771 |
|
|
Other Income |
14.060 |
5.685 |
5.377 |
|
|
TOTAL |
1698.785 |
1636.395 |
3016.148 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
778.114 |
1122.022 |
2264.402 |
|
|
Purchases of Stock-in-Trade |
504.116 |
55.708 |
2.627 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(122.428) |
52.451 |
(28.182) |
|
|
Employees benefits expense |
18.176 |
21.481 |
21.852 |
|
|
Other expenses |
388.482 |
248.176 |
612.726 |
|
|
Exceptional Item |
0.813 |
0.075 |
|
|
|
TOTAL
|
1567.273 |
1499.913 |
2873.425 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
131.512 |
136.482 |
142.723 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
75.178 |
76.923 |
68.032 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
56.334 |
59.559 |
74.691 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
30.713 |
34.672 |
35.962 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
25.621 |
24.887 |
38.729 |
|
|
|
|
|
|
|
Less |
TAX |
4.229 |
12.320 |
13.767 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
21.392 |
12.567 |
24.962 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
0.88 |
0.50 |
1.53 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
45.950 |
68.023 |
113.448 |
|
Net Cash flows from operating activities |
39.372 |
57.419 |
120.988 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit
Margin (PAT / Sales) |
(%) |
1.27 |
0.77 |
0.83 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.81 |
8.37 |
4.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.62 |
1.75 |
2.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.02 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.57 |
0.46 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
1.53 |
1.55 |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
251.142 |
251.142 |
251.142 |
|
Reserves & Surplus |
823.227 |
835.794 |
857.185 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1074.369 |
1086.936 |
1108.327 |
|
|
|
|
|
|
Long-term borrowings |
1.223 |
14.386 |
47.532 |
|
Short term borrowings |
448.267 |
482.360 |
584.114 |
|
Total borrowings |
449.490 |
496.746 |
631.646 |
|
Debt/Equity ratio |
0.418 |
0.457 |
0.570 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3010.771 |
1630.710 |
1684.725 |
|
|
|
(45.837) |
3.312 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3010.771 |
1630.710 |
1684.725 |
|
Profit/ (Loss) |
24.962 |
12.567 |
21.392 |
|
|
0.83% |
0.77% |
1.27% |
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 |
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 |
No |
|
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 |
INDEX OF CAHREGS:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C70196266 |
10602673 |
30/09/2015 |
- |
- |
20000000.0 |
RADHIKA2ND FLOOR, LAW GARDEN ROAD, NAVRANGPURAAHMEDABADGJ380009IN |
|
|
2 |
G01661560 |
10239692 |
30/08/2010 |
16/01/2016 |
- |
699000000.0 |
Kala-AmbDistt. Sirmour (Himachal Pradesh)Kala AmbHP173030IN |
|
|
3 |
A94573953 |
10239553 |
30/08/2010 |
- |
- |
613500000.0 |
NAHAN ROADKALA AMBHP173030IN |
|
|
4 |
B32677486 |
10156365 |
03/04/2009 |
- |
09/02/2012 |
121500000.0 |
KALA AMBKALA AMBHP173030IN |
|
|
5 |
B31120884 |
10156363 |
03/04/2009 |
- |
10/01/2012 |
365100000.0 |
KALA AMBKALA AMBHP173030IN |
|
|
6 |
B31118953 |
10153727 |
03/04/2009 |
- |
10/01/2012 |
365100000.0 |
KALA AMBKALA AMBHP173030IN |
|
|
7 |
B31120231 |
10153728 |
03/04/2009 |
- |
10/01/2012 |
121500000.0 |
KALA AMBKALA AMBHP173030IN |
|
|
8 |
B31148547 |
90039353 |
21/09/2004 |
31/03/2009 |
10/01/2012 |
154100000.0 |
KALA AMBKALA AMBHP173030IN |
|
|
9 |
B14306559 |
80040366 |
04/02/2006 |
- |
22/05/2011 |
3000000.0 |
DICNahanHP173001IN |
|
|
10 |
B04450409 |
10014654 |
22/08/2006 |
- |
22/01/2011 |
2921000.0 |
DISTRICT INDUSTRIES CENTRENAHANHP173001IN |
CONTINGENT
LIABILITIES:
(INR in Million)
|
PARTICULARS |
31.03.2016 |
|
Estimated amount of contracts remaining to be executed on capital account and not provided for |
28.656 |
FIXED ASSETS
- Land
- Building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Goodwill
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 89.91 |
|
Euro |
1 |
INR 80.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYO |
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.