|
|
|
%20PRIVATE%20LIMITED%20-%20495185%2007-Mar-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20495185%2007-Mar-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20495185%2007-Mar-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
495185 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
VIDHYUT CONTROL (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D - 12 & 13, Sector-17, Kavi Nagar Industrial Area,
Ghaziabad – 201002, Uttar Pradesh |
|
Tel. No.: |
91-120-4261052 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
15.03.1996 |
|
|
|
|
Com. Reg. No.: |
20-041041 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 4.770 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899UP1996PTC041041 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV4403B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Electrical Control Panel and Switchgear
etc. [Registered
Activity and also Confirmed by management] |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1996 and it
is having satisfactory track records. For the financial year 2017, the company has marginal decreased in its
revenue from operation as compared to previous year and maintained minimal
profit margin of 0.84%. General financial position of the company seems to be sound and
acceptable along with average debt structure. Further, rating also reflects company’s long standing track record of
business operations. However, rating strength is partially offset by low profitability
margin and intense competition from industry. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 07.03.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. R.K. Chourasia |
|
Designation : |
Senior Accountant |
|
Contact No.: |
91-120-4261052 |
|
Date : |
06.03.2018 |
LOCATIONS
|
Registered Office/Factory : |
D - 12 & 13, Sector-17, Kavi Nagar Industrial Area,
Ghaziabad – 201002, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4261052 |
|
Fax No.: |
91-120-4261053 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vinit Rai Agarwal |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
KK-56 Kavi Nagar, Ghaziabad – 201002, Uttar Pradesh, India |
||||||||||||||||
|
Qualification : |
Graduation |
||||||||||||||||
|
Date of Appointment : |
15.09.2000 |
||||||||||||||||
|
DIN No.: |
00628088 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Pawan Kumar Singhal |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
C-84 Lohia Nagar, Ghaziabad – 201001, Uttar Pradesh, India |
||||||||||||||||
|
Qualification : |
Graduation |
||||||||||||||||
|
Date of Appointment : |
21.09.2007 |
||||||||||||||||
|
DIN No.: |
01049935 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Varun Agarwal |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
D-1044, 10th Floor Gaur Green Avenue, Abhay Khand, I.E.,
Sa Hibabad, Ghaziabad – 201010, Uttar Pradesh, India |
||||||||||||||||
|
Date of Birth/Age : |
28.05.1987 |
||||||||||||||||
|
Date of Appointment : |
15.03.2017 |
||||||||||||||||
|
DIN No.: |
01363811 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Dinesh Aggarwal |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
701 Kalpana Opposite Ramakrishna Mission Hospital 11th
Road, Khar West, Mumbai – 400052, Maharashtra, India |
||||||||||||||||
|
Date of Appointment : |
15.04.2016 |
||||||||||||||||
|
DIN No.: |
07501641 |
||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. R.K. Chourasia |
|
Designation : |
Senior Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sanjeev Rai Aggarwal |
|
500 |
|
Sadhna Agarwal |
|
470 |
|
Alka Agarwal Family Trust |
|
1390 |
|
Vineet Rai Aggarwal |
|
9370 |
|
Charu Agarwal Family Trust |
|
3350 |
|
Sanjeev Rai Aggarwal (on behalf of S.R. Agarwal and sons (HUF) being
Karta) |
|
520 |
|
Vineet Rai Aggarwal |
|
1050 |
|
Sanjeev Rai Aggarwal (on behalf of J.R. Agarwal Family Trust being Manager) |
|
3750 |
|
Sanjeev Rai Aggarwal (on behalf of Satya Family Trust being Manager) |
|
5100 |
|
Gujarat Paper Private Limited |
|
9500 |
|
Varun Agarwal |
|
5190 |
|
Meghali Agarwal |
|
10 |
|
Noida Floriculture Private Limited |
|
7500 |
|
|
|
|
|
Total |
|
47700 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided Family
– Indian) |
34.86 |
|
Promoter - Bodies
corporate |
35.64 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
29.50 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20495185%2007-Mar-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Electrical Control Panel and Switchgear
etc. [Registered
Activity and also Confirmed by management] |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Divulged |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Divulged |
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Products : |
|
||||||
|
Countries : |
|
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Advance Payment, NEFT and RTGS |
||||||
|
|
|
||||||
|
Purchasing : |
Advance Payment, NEFT and RTGS |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Anil Vaish and Company Chartered Accountants |
|
Address : |
C-98, 3rd Floor, RDC, Raj Nagar, Ghaziabad – 201002, Uttar Pradesh,
India |
|
Tel. No.: |
91-120-2822234 |
|
Fax No.: |
91-120-2822235 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAVFA8212F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates Concern : |
|
|
|
|
|
Relative of Key Management Personnel : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 100/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47700 |
Equity Shares |
INR 100/- each |
INR 4.770
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 |
4.770 |
4.770 |
4.770 |
|
(b) Reserves &
Surplus |
38.194 |
35.376 |
32.314 |
|
(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) |
42.964 |
40.146 |
37.084 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
31.076 |
27.791 |
28.433 |
|
(b) Deferred tax
liabilities (Net) |
0.318 |
0.053 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
31.394 |
27.844 |
28.433 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
36.487 |
46.421 |
36.298 |
|
(b) Trade payables |
97.945 |
84.045 |
61.885 |
|
(c) Other current
liabilities |
26.988 |
36.483 |
10.978 |
|
(d) Short-term provisions |
1.550 |
1.500 |
1.125 |
|
Total Current Liabilities
(4) |
162.970 |
168.449 |
110.286 |
|
|
|
|
|
|
TOTAL |
237.328 |
236.439 |
175.803 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
33.239 |
32.316 |
28.403 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.047 |
|
(d) Long-term Loan and Advances |
5.535 |
0.575 |
1.007 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
38.774 |
32.891 |
29.457 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
100.688 |
91.025 |
72.043 |
|
(c) Trade receivables |
53.897 |
68.656 |
48.257 |
|
(d) Cash and cash
equivalents |
6.600 |
8.426 |
4.680 |
|
(e) Short-term loans and
advances |
37.369 |
35.441 |
21.366 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
198.554 |
203.548 |
146.346 |
|
|
|
|
|
|
TOTAL |
237.328 |
236.439 |
175.803 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
334.755 |
356.108 |
308.044 |
|
|
Other Income |
9.737 |
7.557 |
4.546 |
|
|
TOTAL |
344.492 |
363.665 |
312.590 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
270.756 |
300.384 |
228.422 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(10.571) |
(11.345) |
21.162 |
|
|
Employees benefits
expense |
29.249 |
23.735 |
21.365 |
|
|
Other expenses |
36.974 |
35.462 |
28.510 |
|
|
Extra Ordinary Income |
0.000 |
(0.106) |
0.000 |
|
|
TOTAL |
326.408 |
348.130 |
299.459 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
18.084 |
15.535 |
13.131 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
8.967 |
6.891 |
6.302 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
9.117 |
8.644 |
6.829 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
4.481 |
3.933 |
4.561 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
4.636 |
4.711 |
2.268 |
|
|
|
|
|
|
|
Less |
TAX |
1.818 |
1.650 |
0.619 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
2.818 |
3.061 |
1.649 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
59.08 |
64.18 |
34.57 |
Expected Sales (2017-2018) : INR 450.000 Million
The above information has been parted by Mr. R.K. Chourasia [Senior
Accountant]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
17.367 |
33.790 |
5.837 |
|
Net cash flow from operating activity |
15.552 |
32.284 |
5.283 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
58.77 |
70.37 |
57.18 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.21 |
5.19 |
6.38 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
132.04 |
102.12 |
98.89 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.18 |
0.17 |
0.18 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.54 |
0.48 |
0.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.82 |
0.83 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.57 |
1.85 |
1.75 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.79 |
4.20 |
2.97 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.77 |
0.80 |
0.77 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.02 |
2.25 |
2.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.84 |
0.86 |
0.54 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.19 |
1.29 |
0.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
6.56 |
7.62 |
4.45 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.22 |
1.21 |
1.33 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.60 |
0.67 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.18 |
0.17 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
14.16 |
15.56 |
13.57 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.22 |
1.21 |
1.33 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
4.770 |
4.770 |
4.770 |
|
Reserves & Surplus |
32.314 |
35.376 |
38.194 |
|
Net worth |
37.084 |
40.146 |
42.964 |
|
|
|
|
|
|
long-term borrowings |
28.433 |
27.791 |
31.076 |
|
Short term borrowings |
36.298 |
46.421 |
36.487 |
|
Total borrowings |
64.731 |
74.212 |
67.563 |
|
Debt/Equity ratio |
1.746 |
1.849 |
1.573 |
%20PRIVATE%20LIMITED%20-%20495185%2007-Mar-2018_files/image022.gif)
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 |
308.044 |
356.108 |
334.755 |
|
|
|
15.603 |
(5.996) |
%20PRIVATE%20LIMITED%20-%20495185%2007-Mar-2018_files/image024.gif)
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 |
308.044 |
356.108 |
334.755 |
|
Profit |
1.649 |
3.061 |
2.818 |
|
|
0.54% |
0.86% |
0.84% |
%20PRIVATE%20LIMITED%20-%20495185%2007-Mar-2018_files/image026.gif)
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY AFFAIRS
During the year, the gross income of the company has decreased to INR
344.492 in 2016-17 as compared to INR 363.665 Million in 2015-16 showing a
decrease of 5.27% p.a. Similarly net profit after tax of the company have also
decreased to 28.18 in 2016 as compared to INR 3.061 in 2015-16 showing
decreased of 7.95% p.a.
The company focused on growth with a renewed commitment to enhance
quality and customer service and to reduce costs. Innovations, investment and
positive modification are expected in the near future.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
From director and relatives |
15.345 |
13.182 |
|
From Shareholders |
14.919 |
13.541 |
|
From Body Corporate |
0.168 |
0.212 |
|
|
|
|
|
Total |
30.432 |
26.935 |
INDEX
OF CHARGES:
|
Charges Registered |
|||||||
|
SNo |
SRN |
Charge Id |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G69538452 |
100139303 |
26/10/2017 |
- |
- |
8000000.0 |
MSME Cluster, KJ-13, Kavi Nagar,GhaziabadUP201001IN |
|
2 |
G32960726 |
100071142 |
14/12/2016 |
- |
- |
6000000.0 |
Nasirpur Branch, III-D,9,Nehru NagarGhaziabadUP201002IN |
|
3 |
C18442574 |
10516853 |
28/07/2014 |
- |
- |
5000000.0 |
Branch Nasirpur, III-D-9Nehru NagarGhaziabadUP201001IN |
|
4 |
C03418399 |
10489014 |
15/04/2014 |
- |
- |
390000.0 |
Oriental Bank Of CommerceNasirpur Branch, Nehru NagarGhaziabadUP201001IN |
|
5 |
B22413090 |
10309877 |
25/08/2011 |
- |
- |
3000000.0 |
Branch NasirpurIII-D-9, Nehru NagarGhaziabadUP201002IN |
|
6 |
A90270190 |
10229746 |
16/06/2010 |
- |
- |
840000.0 |
NasirPurNehru Nagar IIIGhaziabadUP201001IN |
|
7 |
G36349454 |
10143044 |
15/01/2009 |
31/12/2016 |
- |
101700000.0 |
Branch Nasirpur, III-D-9Nehru NagarGhaziabadUP201001IN |
|
8 |
B22411623 |
90038925 |
10/04/2004 |
25/08/2011 |
- |
69390000.0 |
Branch NasirpurIII-D-9, Nehru NagarGhaziabadUP201001IN |
|
9 |
G49209869 |
90038921 |
08/04/2004 |
05/05/2017 |
- |
84000000.0 |
MSME Cluster, KJ-13, Kavi Nagar,GhaziabadUP201001IN |
|
10 |
Y10115466 |
90035371 |
07/09/1999 |
17/09/1997 |
- |
1065000.0 |
WRIGHT GANJBAD FORMGHAZIABADUPIN |
FIXED ASSETS
- Land
- Building
- Plant and
Machinery
- Furniture and
Fixture
- Generator
- Tools and Equipment
- Computer
- Fax Machine
- Scooter
- Refrigerator
- Office
Equipment
- Printer
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 : |
AKS |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
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 |
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.