|
|
|
MIRA INFORM REPORT
|
Report No. : |
495763 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MADHAV ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Talwara Road, Sirhind Side, Mandi Gobindgarh, District Fatehgarh Sahib
– 147301, Punjab |
|
Tel. No.: |
91-1765-305600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
20.06.2003 |
|
|
|
|
Com. Reg. No.: |
16-026123 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 23.620 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104PB2003PTC026123 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3006007336 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM6458N |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
03AADCM6458N1Z4 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
The company is engaged in Manufacturing of Billet, Bloom, TMT, Angle, Channels and Shape and Section. (registered activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 3000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2003 having good track record. It is engaged as manufacturer of TMT bars and structural steel products. For the financial year 2017, the company has reported a marginal decline in its revenue as compared to its previous year but has achieved fair profit margin during the year. Rating takes into consideration, the healthy financial risk profile marked by adequate net worth base along with comfortable and improving solvency position. Rating continue to derive strength from its long and established track record of its business operation backed by established market position and extensive experience of the promoters in the industry However, these rating strengths gets partially offset by intense competition faced by the company which can affect its profit margins. Payments seems to be regular. 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 |
CARE |
|
Rating |
Long term Rating = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
21.12.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Rating = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
21.12.2017 |
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. Rajiv |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-8427684736 |
|
Date : |
06.03.2018 |
LOCATIONS
|
Registered Office / Factory 1 : |
Talwara Road, Sirhind Side, Mandi Gobindgarh, District Fatehgarh Sahib
– 147301, Punjab, India |
|
Tel. No.: |
91-1765- 507507 / 305600 |
|
Mobile No.: |
91-9501077995 (Mr. Manish Jain) |
|
Fax No.: |
91-1765-305600 |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
5 Acres |
|
Location: |
Owned |
|
Locality: |
Industrial |
|
|
|
|
Factory 2 : |
SMS Division, Village
Akalgarh, Amloh-Bhadson Road, District Patiala – 147203, Punjab, India |
|
Tel. No.: |
91-1765-282334 |
|
Fax No,: |
91-1765-282334 |
|
Area: |
22 Acres |
|
Location: |
Owned |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sudhir Goyal |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Ward No. 14, Chanderlok Colony, Mandi Gobindgarh - 147301 Punjab,
India |
||||||||
|
Date of Birth/Age : |
30.08.1974 |
||||||||
|
Qualification : |
Graduate |
||||||||
|
Date of Appointment : |
17.05.2010 |
||||||||
|
PAN No.: |
ACVPG2970Q |
||||||||
|
DIN No.: |
00361549 |
||||||||
|
Other Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Sanjeev Kumar |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Ward No.5, Shashtri Nagar, Mandi Gobindgarh - 147301 Punjab, India |
||||||||
|
Date of Birth/Age : |
15.09.1968 |
||||||||
|
Qualification : |
Graduate |
||||||||
|
Date of Appointment : |
17.05.2010 |
||||||||
|
PAN No.: |
ABCPK6376Q |
||||||||
|
DIN No.: |
00366882 |
||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rajiv |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Goyal Structure (Private) Limited, India |
|
10060 |
|
Sanjeev Kumar |
|
612639 |
|
Sudhir Goyal (HUF) |
|
612639 |
|
Mukul Goyal |
|
125000 |
|
Krypton Datamatics Limited, India |
|
290000 |
|
Madhav Trade Link Private Limited, India |
|
450010 |
|
Roopali Jindal |
|
10 |
|
Kalu Ram Goyal (HUF) |
|
10 |
|
Sanjeev Goyal (HUF) |
|
10 |
|
Sudhir Goyal (HUF) |
|
10 |
|
Fizza Plastics Private Limited, India |
|
136600 |
|
Rahul Goyal |
|
125010 |
|
|
|
|
|
Total |
|
2361998 |
Equity Share Break up (Percentage of Total Equity)
As on 20.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
62.46 |
|
Promoter - Bodies
corporate |
37.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in Manufacturing of Billet, Bloom, TMT, Angle, Channels and Shape and Section. (registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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||||||||||
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Agencies Held : |
Not Divulged |
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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 |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Goyal Mahajan and Associates Chartered Accountants |
|
Address : |
SCO-50, 1st Floor, Lila Bhawan,
Patiala, Punjab, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFG7375A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Relatives of key
Management Personnel and their enterprises |
U51392DL2004PTC258308
U51909DL2007PTC197166
U27106PB2004PTC027735
U27109PB2001PTC024495
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2361998 |
Equity Shares |
INR 10/- each |
INR 23.620 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
23.620 |
25.253 |
25.196 |
|
(b) Reserves and Surplus |
1068.410 |
925.973 |
682.044 |
|
(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) |
1092.030 |
951.226 |
707.240 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
308.621 |
577.574 |
697.659 |
|
(b) Deferred tax liabilities (Net) |
93.506 |
80.018 |
75.617 |
|
(c) Other long-term
liabilities |
1.421 |
1.454 |
0.456 |
|
(d) long-term
provisions |
8.959 |
7.061 |
4.677 |
|
Total Non-current
Liabilities (3) |
412.507 |
666.107 |
778.409 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
5.410 |
60.611 |
44.218 |
|
(b) Trade
payables |
153.763 |
456.454 |
514.247 |
|
(c) Other
current liabilities |
349.264 |
243.272 |
219.591 |
|
(d) Short-term
provisions |
50.721 |
55.205 |
2.682 |
|
Total Current
Liabilities (4) |
559.158 |
815.542 |
780.738 |
|
|
|
|
|
|
TOTAL |
2063.695 |
2432.875 |
2266.387 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
954.238 |
949.540 |
1013.317 |
|
(ii)
Intangible Assets |
4.632 |
0.163 |
0.194 |
|
(iii) Tangible assets
capital work-in-progress |
25.213 |
88.493 |
28.367 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
20.132 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
107.136 |
108.954 |
86.783 |
|
(e) Other
Non-current assets |
1.091 |
0.570 |
1.963 |
|
Total Non-Current
Assets |
1092.310 |
1167.852 |
1130.624 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
160.004 |
0.000 |
0.000 |
|
(b)
Inventories |
205.741 |
813.683 |
593.667 |
|
(c) Trade
receivables |
438.980 |
209.466 |
272.664 |
|
(d) Cash and
bank balances |
69.719 |
104.410 |
114.973 |
|
(e)
Short-term loans and advances |
85.926 |
128.523 |
123.380 |
|
(f) Other
current assets |
11.015 |
8.941 |
31.079 |
|
Total
Current Assets |
971.385 |
1265.023 |
1135.763 |
|
|
|
|
|
|
TOTAL |
2063.695 |
2432.875 |
2266.387 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
8521.408 |
8579.345 |
7997.589 |
|
|
Other Income |
260.043 |
26.862 |
20.337 |
|
|
TOTAL |
8781.451 |
8606.207 |
8017.926 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
5676.447 |
6370.019 |
6261.941 |
|
|
Purchases of
Stock-in-Trade |
457.841 |
92.585 |
5.239 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
199.722 |
(119.714) |
80.231 |
|
|
Employee benefit expense |
207.231 |
145.328 |
134.013 |
|
|
CSR expenditure |
3.396 |
1.106 |
0.685 |
|
|
Other expenses |
1468.857 |
1536.475 |
1213.869 |
|
|
Prior period items before tax |
0.193 |
0.000 |
0.030 |
|
|
TOTAL |
8013.687 |
8025.799 |
7696.008 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
767.764 |
580.408 |
321.918 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
80.796 |
101.978 |
147.936 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
686.968 |
478.430 |
173.982 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
95.488 |
100.429 |
97.053 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
591.480 |
378.001 |
76.929 |
|
|
|
|
|
|
|
Less |
TAX |
205.727 |
135.614 |
44.875 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
385.753 |
242.387 |
32.054 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1701.878 |
2586.447 |
2979.748 |
|
|
Components and spare
parts |
12.891 |
11.045 |
7.731 |
|
|
Capital Goods |
5.481 |
52.019 |
0.000 |
|
|
TOTAL IMPORTS |
1720.249 |
2649.511 |
2987.478 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
163.316 |
95.984 |
12.722 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
186.599 |
111.837 |
110.937 |
|
Net cash flows from (used in) operations |
948.936 |
357.656 |
391.836 |
|
Net cash flows from (used in) operating activities |
752.177 |
291.080 |
374.809 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
18.80 |
8.91 |
12.44 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
19.41 |
40.96 |
29.33 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
9.15 |
25.78 |
29.95 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
3.73 |
0.71 |
0.54 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.78 |
0.56 |
0.31 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
0.51 |
0.62 |
0.70 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.46 |
0.79 |
1.21 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.51 |
0.86 |
1.10 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.90 |
1.09 |
1.47 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
9.50 |
5.69 |
2.18 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
4.53 |
2.83 |
0.40 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
18.69 |
9.96 |
1.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
35.32 |
25.48 |
4.53 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
1.74 |
1.55 |
1.45 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.37 |
0.55 |
0.69 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.53 |
0.39 |
0.31 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
21.20 |
29.70 |
33.85 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.74 |
1.55 |
1.45 |
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 |
25.196 |
25.253 |
23.620 |
|
Reserves & Surplus |
682.044 |
925.973 |
1068.410 |
|
Net
worth |
707.240 |
951.226 |
1092.030 |
|
|
|
|
|
|
Long-term borrowings |
697.659 |
577.574 |
308.621 |
|
Short term borrowings |
44.218 |
60.611 |
5.410 |
|
Current maturities of
long-term debts |
110.937 |
111.837 |
186.599 |
|
Total
borrowings |
852.814 |
750.022 |
500.630 |
|
Debt/Equity
ratio |
1.206 |
0.788 |
0.458 |
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 |
7997.589 |
8579.345 |
8521.408 |
|
|
|
7.274 |
(0.675) |
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 |
7997.589 |
8579.345 |
8521.408 |
|
Profit/ (Loss) |
32.054 |
242.387 |
385.753 |
|
|
0.40
% |
2.83
% |
4.53
% |
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 |
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 |
CORPORATE INFORMATION
The Company is a Private company incorporated under the provisions of the Companies Act 1956 on 20th June 2003. The Company is engaged in manufacturing of Billet, Bloom, TMT, Angle, Channels and Shape and Section. The financial statements are approved by the Company's Board of directors on 19/08/2017.
FINANCIAL RESULTS AND
OPERATIONS:
The Company achieved Sales and other Misc. Income of INR 8781.451 Million during the year, as comparison to the previous year of INR 8606.207 Million and earned profit before tax of INR 591.480 Million whereas there was profit before tax of INR 378.001 Million in the previous year. After making adjustments and provision of income tax, the company earned profit for the year of INR 385.753 Million being carried forward to Balance Sheet as at 31.03.2017.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term Borrowings |
|
|
|
Loans and advances from related parties |
196.709 |
274.693 |
|
|
|
|
|
Total |
196.709 |
274.693 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G74672007 |
10344753 |
State Bank of India |
09/03/2012 |
29/12/2017 |
- |
974500000.0 |
SCO 101-106Sector 17BChandigarhCH160017IN |
|
2 |
C64365497 |
10299367 |
State Bank of India |
08/07/2011 |
15/09/2015 |
- |
540000000.0 |
SME BranchFatehgarh SahibMandi GobindgarhPB147301IN |
|
3 |
G63141204 |
10470958 |
Oriental Bank of Commerce |
30/12/2013 |
- |
24/10/2017 |
196000000.0 |
Mandi GobindgarhMandi GobindgarhPB147301IN |
|
4 |
C64302870 |
10068410 |
ORIENTAL BANK OF COMMERCE |
06/08/2007 |
23/02/2012 |
07/09/2015 |
587500000.0 |
MANDI GOBINDGARHMANDI GOBINDGARHPB147301IN |
|
5 |
A81128969 |
10133214 |
BANK OF BARODA |
31/10/2008 |
- |
11/03/2010 |
150000000.0 |
MOTIA KHANNEAR G.T. ROADMANDI GOBINDGARHPB147301IN |
|
6 |
A27784891 |
80011597 |
BANK OF BARODA |
09/01/2006 |
21/02/2006 |
30/11/2007 |
40000000.0 |
SSI BRANCHMOTIA KHANGOBIND GARHPB147301IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Other money for which company is contingently liable |
3.386 |
1.297 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
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 : |
PRT |
|
|
|
|
Analysis Done by
: |
NSG |
|
|
|
|
Report Prepared
by : |
KJL |
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.