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MIRA INFORM REPORT
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Report No. : |
495421 |
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Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
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Name : |
JEEVAKA INDUSTRIES PRIVATE LIMITED (w.e.f. 01.04.2011) |
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Formerly Known
As : |
JEEVAKA INDUSTRIES LIMITED |
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Registered
Office : |
15-9-360, Mahaboob Gunj, Hyderabad – 500012, Telangana |
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Tel. No.: |
91-40-23771692 / 65345232 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
22.02.1996 |
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Com. Reg. No.: |
36-023288 |
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Capital
Investment / Paid-up Capital : |
INR 10.938 Million |
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CIN No.: [Company Identification
No.] |
U27100TG1996PTC023288 |
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IEC No.: [Import-Export Code No.] |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACJ5113G |
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GSTN : [Goods & Service Tax
Registration No.] |
36AAACJ5113G1ZY |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing, producing and processing of all types of steels,
stainless steels, special steels, high speed steels, die steels, electrical
steels, forging steels, alloy steels. (Registered Activity) |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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Maximum Credit Limit : |
USD 896000 |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1996. The company manufactures
mild-steel ingots, mild-steel billets and steel structural products such as
angles, beam, channels. As per the financial records of 2017, the company has achieved a low
net profit margin of 0.56% but has reported a decline in its revenue as
compared to the previous year. The company possesses healthy financial profile marked by above
average networth base along with acceptable debt level and fair liquidity
position. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CRISIL |
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Rating |
Long Term Loans=BBB- |
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Rating Explanation |
Moderate degree of safety and moderate credit risk. |
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Date |
30.01.2018 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Loans=A3 |
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Rating Explanation |
Moderate degree of safety and higher credit risk. |
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Date |
30.01.2018 |
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 08.03.2018
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.
LOCATIONS
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Registered Office : |
15-9-360, Mahaboob Gunj, Hyderabad – 500012, Telangana, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9908524629 (Mr. Santosh) 91-9000968345 (Mr. Bhaskar) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Admin Office : |
11-6-27-17, 1st Floor, Opposite IDPL Factory, Balanagar,
Hyderabad – 500037, Telangana, India |
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Tel. No.: |
91-40-23771692 / 65345232 |
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Fax No.: |
91-40-23771132 |
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WORKS: |
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Sponge Iron: |
Nastipir Village, Hathnora Mandal, District: Medak, Telangana, India |
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Furnace : |
Annaram Village, Jinnaram Mandal, District: Medak, Telangana, India |
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Steel Plant: |
Chegunta Village, Chegunta Mandal, District: Medak - 502255, Telangana, India |
DIRECTORS
As on 31.03.2017
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Name : |
Mr. Anil Agarwal |
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Designation : |
Managing Director |
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Address : |
15-2-358, C/O. Jeevaka Industries Limited, First Floor, Mukthiyar Gunj, Hyderabad - 500012, Telangana, India |
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Date of Birth/Age : |
19.05.1966 |
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Date of Appointment : |
22.02.1996 |
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DIN No.: |
00199411 |
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Other Directorship:
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Name : |
Mr. Sudhir Agarwal |
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Designation : |
Whole-Time Director |
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Address : |
15-2-358, First Floor, Muktyargunj, Hyderabad - 500012, Telangana, India |
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Date of Birth/Age : |
08.12.1976 |
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Date of Appointment : |
08.04.2011 |
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DIN No.: |
00214731 |
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Name : |
Mr. Abhishek Agarwal |
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Designation : |
Whole-Time Director |
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Address : |
15-2-358, Mukhtiyar Gunj, Hyderabad - 500012, Telangana, India |
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Date of Birth/Age : |
19.03.1981 |
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Date of Appointment : |
08.04.2011 |
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DIN No.: |
00233507 |
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Name : |
Mr. Ashish Agarwal |
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Designation : |
Whole-Time Director |
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Address : |
8-2-682/B/4, Road No. 12, Banjara Hills, Hyderabad - 500034, Telangana, India |
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Date of Birth/Age : |
06.01.1979 |
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Date of Appointment : |
08.04.2011 |
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DIN No.: |
02590226 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
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No. of Shares |
|
PROMOTERS |
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Anil Agarwal |
|
182500 |
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Sudhir Agarwal |
|
27500 |
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Ashish Agarwal |
|
37500 |
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Abhishek Agarwal |
|
37500 |
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NON PROMOTERS |
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Mohan Agarwal |
|
18500 |
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Premchand Gupta |
|
36000 |
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Rajesh Gupta |
|
18500 |
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Jeetender Agarwal |
|
18500 |
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Sandeep Agarwal |
|
27500 |
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Anil Agarwal HUF |
|
11000 |
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Asha Agarwal |
|
117500 |
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Satish Agarwal |
|
17500 |
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Gopal Agarwal |
|
17500 |
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Babita Agarwal |
|
17500 |
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Geeta Agarwal |
|
52500 |
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Rekha Agarwal |
|
8750 |
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Reetu Agarwal |
|
17500 |
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Savitri Agarwal |
|
35000 |
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Shanta Agarwal |
|
117500 |
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Chandulal Agarwal |
|
117500 |
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Premchand Gupta HUF |
|
30000 |
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Mohan Agarwal HUF |
|
80000 |
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Girdharilal Agarwal HUF |
|
50000 |
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Total |
|
1093750 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
26.06 |
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Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
73.94 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, producing and processing of all types of steels,
stainless steels, special steels, high speed steels, die steels, electrical
steels, forging steels, alloy steels. (Registered Activity) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Swamy and Seshadri Chartered Accountants |
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Address : |
1-3-1036/3/12-13, Near Hotel Marriott, Kavadiguda Road, Secunderabad – 500080, Telangana, India |
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Income-tax
PAN of auditor or auditor's firm : |
ADKPB3584D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Jeevaka Sugar and Power Private Limited |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1093750 |
Equity Shares |
INR 10/- each |
INR 10.938
Million |
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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 |
|
|
|
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(a) Share Capital |
10.938 |
10.938 |
10.938 |
|
(b) Reserves and Surplus |
302.545 |
287.933 |
267.498 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
313.483 |
298.871 |
278.436 |
|
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(3)
Non-Current Liabilities |
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|
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|
(a) long-term borrowings |
155.422 |
90.509 |
170.698 |
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(b) Deferred tax liabilities (Net) |
64.284 |
65.468 |
65.712 |
|
(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) |
219.706 |
155.977 |
236.410 |
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
349.262 |
281.178 |
270.659 |
|
(b) Trade
payables |
206.522 |
411.511 |
283.757 |
|
(c) Other
current liabilities |
302.582 |
281.166 |
241.119 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
858.366 |
973.855 |
795.535 |
|
|
|
|
|
|
TOTAL |
1391.555 |
1428.703 |
1310.381 |
|
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|
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|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
349.066 |
373.419 |
390.028 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.897 |
0.843 |
0.843 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.018 |
0.019 |
0.018 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
20.262 |
45.950 |
30.577 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
370.243 |
420.231 |
421.466 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
725.392 |
734.456 |
522.348 |
|
(c) Trade
receivables |
150.393 |
127.309 |
164.801 |
|
(d) Cash and
bank balances |
53.883 |
85.683 |
64.704 |
|
(e)
Short-term loans and advances |
91.644 |
61.024 |
137.062 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total Current
Assets |
1021.312 |
1008.472 |
888.915 |
|
|
|
|
|
|
TOTAL |
1391.555 |
1428.703 |
1310.381 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2622.546 |
2708.316 |
3208.503 |
|
|
Other Income |
32.587 |
47.459 |
70.181 |
|
|
TOTAL |
2655.133 |
2755.775 |
3278.684 |
|
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|
|
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|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1893.011 |
1895.584 |
2125.002 |
|
|
Purchases of
Stock-in-Trade |
26.623 |
18.481 |
29.898 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(77.541) |
11.641 |
98.889 |
|
|
Employee benefit expense |
64.299 |
50.757 |
47.159 |
|
|
Other expenses |
634.558 |
670.195 |
843.089 |
|
|
TOTAL |
2540.950 |
2646.658 |
3144.037 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
114.183 |
109.117 |
134.647 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
56.584 |
58.462 |
83.498 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
57.599 |
50.655 |
51.149 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
31.905 |
31.383 |
29.295 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
25.694 |
19.272 |
21.854 |
|
|
|
|
|
|
|
Less |
TAX |
11.082 |
(1.327) |
6.502 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
14.612 |
20.599 |
15.352 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
431.461 |
548.601 |
478.267 |
|
|
Components and spare
parts |
0.583 |
0.973 |
0.000 |
|
|
TOTAL IMPORTS |
432.044 |
549.574 |
478.267 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
13.36 |
18.83 |
14.04 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
6.995 |
16.088 |
25.693 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(20.257) |
162.966 |
128.689 |
|
Net cash flow from operating activity |
(41.938) |
146.807 |
120.375 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
20.93 |
17.16 |
18.75 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
17.44 |
21.27 |
19.47 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
39.27 |
78.47 |
48.06 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.16 |
0.15 |
0.26 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.33 |
0.29 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.73 |
0.76 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.63 |
1.30 |
1.68 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.74 |
3.26 |
2.86 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.12 |
1.25 |
1.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.02 |
1.87 |
1.61 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
0.56 |
0.76 |
0.48 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.05 |
1.44 |
1.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.66 |
6.89 |
5.51 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.19 |
1.04 |
1.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.34 |
0.28 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.23 |
0.21 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
46.78 |
35.45 |
42.70 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.19 |
1.04 |
1.12 |
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 |
10.938 |
10.938 |
10.938 |
|
Reserves & Surplus |
267.498 |
287.933 |
302.545 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
278.436 |
298.871 |
313.483 |
|
|
|
|
|
|
Long-term borrowings |
170.698 |
90.508 |
155.422 |
|
Short term borrowings |
270.659 |
281.178 |
349.262 |
|
Current maturities of
long-term debts |
25.693 |
16.088 |
6.995 |
|
Total
borrowings |
467.050 |
387.774 |
511.679 |
|
Debt/Equity
ratio |
1.677 |
1.297 |
1.632 |
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 |
3208.503 |
2708.316 |
2622.546 |
|
|
|
(15.589) |
(3.167) |
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 |
3208.503 |
2708.316 |
2622.546 |
|
Profit/ (Loss) |
15.352 |
20.599 |
14.612 |
|
|
0.48
% |
0.76
% |
0.56
% |
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 |
No |
|
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 |
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) |
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 |
Yes |
|
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 |
NOTE: The registered office of the company has been shifted from “15-2-358, 1st Floor, Mukhtyar Gunj, Hyderabad – 500012, Telangana, India” to the present address w.e.f. 01.04.2008
OPERATIONAL
HIGHLIGHTS, THE STATE OF COMPANY’S AFFAIRS FUTURE OUTLOOK :
During the FY 2016-17 the Company’s revenue from operations was INR 2622.546 Million as compared to revenue of INR 2708.316 Million in financial year 2015-16. The Profit before tax was INR 25.694 Million as against INR 19.272 Million during the financial year 2015-16. Though the turnover declined marginally, company could record increase in PBT.
The Company will continue to implement its strategy to concentrate its main business.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate deposits |
58.971 |
32.063 |
|
Loans and advances from directors |
25.552 |
18.710 |
|
Loans and advances from others |
69.878 |
30.179 |
|
Total |
154.401 |
80.952 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C54590971 |
90126816 |
STATE BANK OF HYDERABAD |
20/03/2004 |
16/03/2015 |
- |
1211800000.0 |
Mahabubgunj Branch, Land Mark Building1st Floor Siddiamber Bazar Hyderabad TELANGANA 500012 INDIA |
|
2 |
C12278966 |
10116828 |
STATE BANK OF HYDERABAD |
12/02/2008 |
- |
30/06/2014 |
85000000.0 |
MAHABOOB GUNJ BRANCH, LAND MARK CENTRE, SIDDIAMBER BAZAR HYDERABAD TELANGANA 500012 INDIA |
|
3 |
A82626532 |
90128832 |
STATE BANK OF HYDERABAD |
27/04/2005 |
- |
15/03/2010 |
75000000.0 |
MAHABOOB GUNJ BRANCH HYDERABAD TELANGANA INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
A) Sales Tax |
|
|
|
(INR 0.073 paid under protest - pending before various appeals) |
0.293 |
0.293 |
|
(INR 0.746 Million paid towards Appeal Filing Fee pending with Appealate Authorities for the period April'12 to October'15) |
|
|
|
B) Fuel Surcharge Adjustment (FSA - Interest and Surcharge) (In the current year the levied surcharge amount was accepted and is being paid in installments as per direction of the Corporation, however, the interest portion of INR 7.595 Million has been waived) |
0.000 |
24.921 |
|
C) Central Excise (Appeal filing Fee of INR 0.224 Million against demand of INR 2.989 Million towards difference in valuation of inter unit transfers effected in 2011-12. The matter is of revenue neutrality nature and is pending before the Commissioner of Appeals) |
29.89 |
0.000 |
|
D) Guarantees - Given by Bank on behalf of the Company |
126.865 |
150.000 |
FIXED ASSETS
- Land
- Buildings
- Other building
- Plant and equipment
- Factory equipments
- Other pollution reduction equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 64.96 |
|
|
1 |
INR 90.33 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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.