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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

495484

Report Date :

09.03.2018

 

 

 

 

IDENTIFICATION DETAILS

 

Name :

GREEN STRATEGY SERVICES PRIVATE LIMITED

 

 

Registered Office :

H. No. 5/154, Ward No. 8 Chhachhrauli, Yamuna Nagar – 135103, Haryana

Tel. No.:

91-8585934910 [Mr. Abhilash Rajvanshi]

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

19.01.2012

 

 

Com. Reg. No.:

05-044853

 

 

Capital Investment / Paid-up Capital :

INR 0.100 Million

 

 

CIN No.:

[Company Identification No.]

U40300HR2012PTC044853

 

 

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.]

AAECG5833G

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

  • Providing Human resources management consulting services.

 

  • Subject is engaged in production, development and transmission of all kinds of Power, Electricity Energy, Wind Energy and Solar Energy. [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 :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Green Strategy Services Private Limited was incorporated in the year 2012. It is engaged in production, development and transmission of all kinds of Power, Electricity Energy, Wind Energy and Solar Energy.

 

For the financial year 2017, the company has achieved a massive growth in its revenue as compared to previous year and has reported decent profit margin of 13.16%.

 

The rating takes into consideration strong debt coverage indicators due to debt free balance sheet profile.

 

However, rating is constrained on account of moderate financial profile of the company is marked by modest networth base.

 

Payment seems to be slow but correct.

 

In view of aforesaid, the company can be considered for business dealings with some caution.

 

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 09.03.2018.

 


 

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. Abhilash Rajvanshi

Designation :

Project Manager

Contact No.:

91-8585934910

Date :

0.5.03.2018

 

 

LOCATIONS

 

Registered Office :

H. No. 5/154, Ward No. 8 Chhachhrauli, Yamuna Nagar – 135103, Haryana, India

Tel. No.:

Not Available

Mobile No.:

91-8585934910 [Mr. Abhilash Rajvanshi]

Fax No.:

Not Available

E-Mail :

akankshagupta@greenstrategy.in

Website :

http://www.greenstrategy.in

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Ms. Akanksha Gupta

Designation :

Director

Address :

Jamuna Vihar Khatauli Muzaffarnagar – 251201, Uttar Pradesh, India

Date of Birth/Age :

12.07.1984

Date of Appointment :

19.01.2012

DIN No.:

05158003

 

 

Name :

Mr. Avdesh Kumar

Designation :

Director

Address :

H. No. 5/154, Ward No. 8 Chhachhrauli, Yamunanagar – 135103, Haryana, India

Date of Birth/Age :

19.11.1984

Date of Appointment :

19.01.2012

DIN No.:

05158009

 


 

KEY EXECUTIVES

 

Name :

Mr. Abhilash Rajvanshi

Designation :

Project Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 31.03.2017

 

Names of Shareholders

 

No. of Shares

Avdesh Kumar

 

5000

Akanksha Gupta

 

4750

Abilash Rajvanshi

 

250

 

 

 

Total

 

10000

 

Equity Share Break up (Percentage of Total Equity)

 

As on 29.09.2017

 

Category

Percentage

Promoter – (Individual/ Hindu Undivided Family – Indian)

97.50

Public  – (Individual/ Hindu Undivided Family – Indian)

2.50

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

  • Providing Human resources management consulting services.

 

  • Subject is engaged in production, development and transmission of all kinds of Power, Electricity Energy, Wind Energy and Solar Energy. [Registered Activity]

 

 

Products :

Item Code No.

Product Description

99831130

Human resources management consulting services

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAILABLE

 

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Winsome Textile Ind. Limited

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

  • City Corporation Limited
  • Sandhya Chemplast
  • Himagiri Infrastructure
  • Asun Solar Private Limited
  • Avesta Solar Private Limited
  • Greenmark Developers Private Limited
  • Rediant Solar Energies Private Limited

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name

Not Divulged

Branch

--

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

 

 

 

 

Auditors :

 

Name :

Agarwal Ramesh K and Company

Chartered Accountants

Address :

302 AKD Tower, Sector-14, Gurugram – 122001, Haryana, India

Mob. No.:

91-9811323668

E-Mail :

ag_ca79@hotmail.com

PAN N Income-tax PAN of auditor or auditor's firm :

AAKFA2360F

Membership No.:

503249

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

As on 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

INR 10/- each

INR 0.100 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

INR 10/- each

INR 0.100 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

0.100

0.100

0.100

(b) Reserves & Surplus

0.343

(0.050)

0.117

(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)

0.443

0.050

0.217

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.003

(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)

0.000

0.000

0.003

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

0.140

0.396

0.514

(c) Other current liabilities

0.233

0.276

0.156

(d) Short-term provisions

0.100

0.000

0.031

Total Current Liabilities (4)

0.473

0.672

0.701

 

 

 

 

TOTAL

0.916

0.722

0.921

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

0.020

0.036

0.075

(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)

0.001

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.012

0.012

Total Non-Current Assets

0.021

0.048

0.087

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

0.069

0.056

0.012

(d) Cash and cash equivalents

0.612

0.517

0.708

(e) Short-term loans and advances

0.000

0.000

0.000

(f) Other current assets

0.214

0.101

0.114

Total Current Assets

0.895

0.674

0.834

 

 

 

 

TOTAL

0.916

0.722

0.921

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

2.987

1.436

1.857

 

Other Income

0.000

0.118

0.000

 

TOTAL

2.987

1.554

1.857

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Employees benefits expense

1.790

1.557

0.523

 

TOTAL

1.790

1.557

0.523

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

1.197

(0.003)

1.334

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.016

0.039

0.039

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

1.181

(0.042)

1.295

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

0.689

0.129

1.183

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

0.492

(0.171)

0.112

 

 

 

 

 

Less

TAX

0.099

(0.004)

0.035

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

0.393

(0.167)

0.077

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

39.32

(16.68)

7.74

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

0.154

0.154

NA

Cash generated from operations

0.083

(0.164)

0.659

Net cash flow from operating activity

0.083

(0.195)

0.650

 

           

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

8.43

14.23

2.36

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

43.29

25.64

154.75

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

59.85

(0.08)

17.79

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.52

0.93

0.76

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.00

0.00

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.07

13.44

3.23

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.05

0.72

0.35

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

74.81

(0.08)

34.21

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

13.16

(11.63)

4.15

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

42.90

(23.13)

8.36

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

88.71

(334.00)

35.48

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.89

1.00

1.19

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.89

1.00

1.19

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.48

0.07

0.24

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.00

0.00

0.00

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.89

1.00

1.19

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

0.100

0.100

0.100

Reserves & Surplus

0.117

(0.050)

0.343

Net worth

0.217

0.050

0.443

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

0.000

0.000

0.000

Total borrowings

0.000

0.000

0.000

Debt/Equity ratio

0.000

0.000

0.000

 

 

 

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

1.857

1.436

2.987

 

 

(22.671)

108.008

 


 

 

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

1.857

1.436

2.987

Profit

0.077

(0.167)

0.393

 

4.15%

(11.63%)

13.16%

 

 

 

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

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

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

No

21

Banking facility details

No

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

 

 

 

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

 

 

FIXED ASSETS

 

  • Furniture
  • Invertor
  • Laptop
  • Printer

 


 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 

Unit

INR

US Dollar

1

INR 64.99

UK Pound

1

INR 89.91

Euro

1

INR 80.21

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUV

 

 

Analysis Done by :

VAR

 

 

Report Prepared by :

JYO


 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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)

 

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.