|
|
|
MIRA INFORM REPORT
|
Report No. : |
496001 |
|
Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TEAM FERRO-ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 357/2/2/1 and 357/2/3/2, Behind Dadra Garden, Dadra -
396230, Dadar and Nagar Haveli (UT) |
|
Tel. No.: |
91-260-3290664 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.01.1998 |
|
|
|
|
Com. Reg. No.: |
54-000257 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 24.054
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100DN1998PTC000257 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
5298000959 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAACT8925A1ZN |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT8925A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Ferro Alloys, Cored Wires, Ferro Manganese, Ferro
Molybdenum, Ferro Titanium, Carbon and Bio Gas Power Plant. [Registered
Activity and also Confirmed by Management] |
|
|
|
|
No. of Employees
: |
200 (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 |
|
Maximum Credit Limit : |
USD 760000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject was incorporated in the year 1998 and it is a manufacturer of ferro
alloys, cored wires, ferro manganese, ferro molybdenum, ferro titanium,
carbon and bio gas power plant. As per financials of March 2017, the company has registered a growth
of 17.21% in its revenue as compared to its previous year’s revenue and has
reported minimal profit margin of 0.19%. Rating takes into consideration the company’s established track record
of business operations marked by sound net worth along with comfortable debt
coverage indicators and decent liquidity position. Payments seems 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 |
ICRA |
|
Rating |
Long term rating: BB+ (Issuer
Non-Cooperative) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
17.10.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating: A4+ (Issuer
Non-Cooperative) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
17.10.2017 |
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 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 PARTED BY
|
Name : |
Mr. Dinesh Sharma |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9909334324 |
|
Date : |
08.03.2018 |
LOCATIONS
|
Registered Office/ Factory 1: |
Survey No. 357/2/2/1 and 357/2/3/2, Behind Dadra Garden, Dadra-396230,
Dadar and Nagar Haveli (UT), India |
|
Tel. No.: |
91-260-3290664 |
|
Mobile No.: |
91-9909334324 (Mr. Dinesh Sharma) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Corporate Office
: |
Plot No. 79, Universal Annex, IV Floor, Shivaji Nagar, Nagpur -
440010, Maharashtra, India |
|
Tel. No.: |
91-712-3018666/ 3018667/ 3018668/ 3256557 |
|
Fax No.: |
91-712-3012660 |
|
|
|
|
Factory 2 : |
Plot No. 3002, G.I.D.C., Sarigram, Valsad-396155, Gujarat, India |
|
Tel. No.: |
91-260-2780131 |
|
|
|
|
Factory 3 : |
A-19/ M.I.D.C, Butibori, District |
|
Tel. No.: |
91-7104-326347 |
|
|
|
|
Factory 4 : |
B-17, MIDC, Village Mundipar, Gondia, |
|
Tel. No.: |
91-718-325518 |
|
Fax No.: |
91-718-288438 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sandeep Rameshkumar Goenka |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
204, Yash Complex, Amravati Road, Ravi Nahar, Nagpur – 440010, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
02.02.1971 |
||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||
|
Date of Appointment : |
01.04.2006 |
||||||||||||||||
|
DIN No.: |
00920923 |
||||||||||||||||
|
PAN No.: |
ADYPG4796J |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Anoop Kumar Gutgutia |
||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||
|
Address : |
801, Balaji Tower, Daman Road, Chala, Vapi – 396191, Gujarat, India |
||||||||||||||||
|
Date of Birth/Age : |
11.01.1961 |
||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||
|
Date of Appointment : |
28.01.1998 |
||||||||||||||||
|
DIN No.: |
00922280 |
||||||||||||||||
|
PAN No.: |
AFDPG6973N |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Ramjanam
Hawaldar Singh
|
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
G-401, Nishigandh Apartment, Royal Garden, Chala, Via Vapi, Vapi - 396191, Gujarat, India |
||||||||||||||||
|
Date of Birth/Age : |
18.10.1958 |
||||||||||||||||
|
Qualification: |
PHD |
||||||||||||||||
|
Date of Appointment : |
28.01.1998 |
||||||||||||||||
|
DIN No.: |
02264763 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Dinesh Sharma |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Anoop Kumar Gutgutia |
|
23620 |
|
Ramjanam Hawaldar Singh |
|
31019 |
|
Zenco Advisory Services Private Limited, India |
|
23900 |
|
Asha Gutgutia |
|
9296 |
|
Rama R. Singh |
|
3571 |
|
Sandeep Rameshkumar Goenka |
|
38003 |
|
Manoj Kumar Agrawal |
|
38359 |
|
Bela Properties Private Limited, India |
|
2333 |
|
Siddha Ventures Limited, India |
|
8333 |
|
Gopalka Savings and Investment Private Limited, India |
|
2500 |
|
Gurudham Sales Private Limited, India |
|
15250 |
|
Rajeshkumar Janardan Singh |
|
8797 |
|
Suvidha Suppliers Private Limited, India |
|
330 |
|
Saral Metallurgicals Private Limited, India |
|
32264 |
|
Niraj R.J. Singh |
|
2377 |
|
Ragini Ramjanam Singh |
|
588 |
|
|
|
|
|
Total |
|
240540 |
Equity Share Break up (Percentage of Total Equity)
AS ON 18.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
64.70 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
35.30 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ferro Alloys, Cored Wires, Ferro Manganese, Ferro
Molybdenum, Ferro Titanium, Carbon and Bio Gas Power Plant. [Registered Activity
and also Confirmed by Management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
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|
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|
||||
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Agencies Held : |
Not Available |
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|
||||
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Exports : |
Not Divulged |
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||||
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Imports : |
|
||||
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Products : |
Raw materials |
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|
Countries : |
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||||
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|
||||
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Terms : |
|
||||
|
Selling : |
L/C, Cash and Credit (30,60 Days) |
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|
|
|
||||
|
Purchasing : |
L/C, Cash and Credit (30,60 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
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|
Customers : |
End Users
|
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|
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No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||
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|
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|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Shailendra Jain and Assosiates Chartered Accountants |
|
Address : |
42/43/44 Sahara Market, Second Floor, Silvassa, Vapi Main Road, Vapi -396191, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABNPJ2331F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 100/- each |
INR 100.000 |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
240540 |
Equity Shares |
INR 100/- each |
INR 24.054
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
24.054 |
24.054 |
24.054 |
|
(b) Reserves and Surplus |
242.959 |
240.150 |
239.440 |
|
(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) |
267.013 |
264.204 |
263.494 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
127.069 |
85.571 |
105.361 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
1.746 |
|
(c) Other long-term
liabilities |
53.655 |
120.096 |
120.740 |
|
(d) long-term
provisions |
3.819 |
5.710 |
4.054 |
|
Total Non-current
Liabilities (3) |
184.543 |
211.377 |
231.901 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
193.125 |
223.466 |
356.155 |
|
(b) Trade
payables |
307.454 |
304.765 |
120.951 |
|
(c) Other
current liabilities |
53.197 |
60.251 |
36.870 |
|
(d) Short-term
provisions |
0.901 |
0.000 |
5.007 |
|
Total Current
Liabilities (4) |
554.677 |
588.482 |
518.983 |
|
|
|
|
|
|
TOTAL |
1006.233 |
1064.063 |
1014.378 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
302.329 |
319.450 |
350.411 |
|
(ii)
Intangible Assets |
0.073 |
0.007 |
0.058 |
|
(iii) Tangible assets
capital work-in-progress |
0.601 |
0.000 |
1.206 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
37.897 |
30.846 |
17.458 |
|
(c) Deferred tax assets (net) |
3.249 |
7.604 |
0.000 |
|
(d)
Long-term loans and advances |
25.688 |
24.889 |
24.056 |
|
(e) Other
Non-current assets |
3.142 |
3.142 |
4.136 |
|
Total Non-Current
Assets |
372.979 |
385.938 |
397.325 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
12.000 |
0.000 |
0.000 |
|
(b)
Inventories |
187.908 |
221.810 |
182.577 |
|
(c) Trade
receivables |
331.422 |
331.900 |
280.441 |
|
(d) Cash and
bank balances |
25.656 |
36.660 |
63.179 |
|
(e)
Short-term loans and advances |
72.400 |
83.924 |
86.534 |
|
(f) Other
current assets |
3.868 |
3.831 |
4.322 |
|
Total
Current Assets |
633.254 |
678.125 |
617.053 |
|
|
|
|
|
|
TOTAL |
1006.233 |
1064.063 |
1014.378 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1505.129 |
1284.184 |
1647.829 |
|
|
Other Income |
10.918 |
8.832 |
4.093 |
|
|
TOTAL |
1516.047 |
1293.016 |
1651.922 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1296.124 |
1012.295 |
1283.329 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
120.075 |
120.164 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
9.196 |
(26.824) |
(1.912) |
|
|
Employee benefit expense |
52.567 |
48.454 |
45.107 |
|
|
Other expenses |
62.590 |
60.486 |
117.302 |
|
|
TOTAL |
1420.477 |
1214.486 |
1563.990 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
95.570 |
78.530 |
87.932 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
67.363 |
66.113 |
64.690 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
28.207 |
12.417 |
23.242 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
20.971 |
21.057 |
23.014 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
7.236 |
(8.640) |
0.228 |
|
|
|
|
|
|
|
Less |
TAX |
4.427 |
(9.350) |
3.135 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2.809 |
0.710 |
(2.907) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
840.626 |
553.402 |
833.292 |
|
|
TOTAL IMPORTS |
840.626 |
553.402 |
833.292 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
11.68 |
2.95 |
(12.09) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
25.470 |
29.678 |
22.376 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
20.675 |
45.838 |
99.663 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
12.010 |
36.884 |
98.532 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
80.37 |
94.34 |
62.12 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.54 |
3.87 |
5.88 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
86.58 |
98.24 |
31.46 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.51 |
0.35 |
0.48 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.32 |
0.25 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.70 |
0.66 |
0.64 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.29 |
1.28 |
1.84 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.08 |
2.23 |
1.97 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.13 |
1.21 |
1.33 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.42 |
1.19 |
1.36 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.19 |
0.06 |
(0.18) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.28 |
0.07 |
(0.29) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.05 |
0.27 |
(1.10) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.14 |
1.15 |
1.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.80 |
0.78 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.27 |
0.25 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
14.37 |
14.08 |
20.12 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.14 |
1.15 |
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 |
24.054 |
24.054 |
24.054 |
|
Reserves & Surplus |
239.440 |
240.150 |
242.959 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
263.494 |
264.204 |
267.013 |
|
|
|
|
|
|
Long-term borrowings |
105.361 |
85.571 |
127.069 |
|
Short term borrowings |
356.154 |
223.466 |
193.125 |
|
Current maturities of
long-term debts |
22.376 |
29.678 |
25.470 |
|
Total
borrowings |
483.891 |
338.715 |
345.664 |
|
Debt/Equity
ratio |
1.836 |
1.282 |
1.295 |
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 |
1647.829 |
1284.184 |
1505.129 |
|
|
|
(22.068) |
17.205 |
NET PROFIT MARGIN
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1647.829 |
1284.184 |
1505.129 |
|
|
|
(22.068) |
17.205 |
LEGAL
CASES
HIGH COURT
|
THE COMMISSIONER OF INCOM E TAX VS TEAM FERRO-ALLOYS PRIVATE LIMITED |
|
high court-Mum |
|
Case no:72. ITXAL/2143/2014 |
|
Case status:Pending |
|
Judge:BEFORE SHRI B. M. GORE,MASTER & REGISTRAR IN EQUITY AND |
|
Date:2015-09-04T00:00:00Z |
HIGH COURT
|
THE COMMISSIONER OF INCOM E TAX VS TEAM FERRO-ALLOYS PRIVATE LIMITED |
|
high court-Mum |
|
Case no:74. ITXAL/2145/2014 |
|
Case status:Pending |
|
Judge:BEFORE SHRI B. M. GORE,MASTER & REGISTRAR IN EQUITY AND |
|
Date:2015-09-04T00:00:00Z |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Intercorporate deposits |
101.114 |
35.007 |
|
Loans and advances from others |
4.270 |
5.564 |
|
Total |
105.384 |
40.571 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G43720465 |
100097008 |
KOTAK MAHINDRA
PRIME LIMITED |
07/09/2016 |
- |
- |
2450000.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
2 |
C50585488 |
10260657 |
STATE BANK OF
INDIA |
07/06/2010 |
24/03/2015 |
- |
492700000.0 |
MID CORPORATE
BRANCH, 1ST FLOOR, SHANTI COMPLEX,OPP. HOTEL PRIME, GIDC,VAPIGJ396195IN |
|
3 |
C50586007 |
10213692 |
STATE BANK OF
INDIA |
02/03/2010 |
24/03/2015 |
- |
492700000.0 |
MID CORPORATE
BRANCH, 1ST FLOOR, SHANTI COMPLEX,OPP. HOTEL PRIME, GIDC,VAPIGJ396195IN |
|
4 |
C49925134 |
10181960 |
PUNJAB NATIONAL
BANK |
30/09/2009 |
- |
11/04/2015 |
2665000.0 |
FIRST FLOOR,
NARAYAN CHAMBERSOFF HIGHWAYVAPIGJ396195IN |
|
5 |
C38539250 |
10130778 |
PUNJAB NATIONAL
BANK |
04/10/2008 |
- |
19/09/2013 |
859000.0 |
GUNJAN ROAD,GIDC
CHAR RASTAVAPIGJ396195IN |
|
6 |
C38621447 |
10061155 |
PUNJAB NATIONAL
BANK |
17/07/2007 |
- |
19/03/2013 |
1050000.0 |
GUNJAN ROAD, NEAR
HOTEL GALAXY,GIDC CHAR RASTA,VAPIGJ396195IN |
|
7 |
A81820458 |
10008640 |
PUNJAB NATIONAL
BANK |
16/05/2006 |
23/12/2008 |
23/03/2010 |
187500000.0 |
GUNJAN ROAD, NEAR HOTEL
GALAXY,GIDC CHAR RASTA,VAPIGJ396195IN |
|
8 |
A31334717 |
90100040 |
INDUSIND BANK LTD. |
15/05/2005 |
- |
28/02/2006 |
44500000.0 |
VAPI BRANCHCHAR
RASIAVAPIGJ369195IN |
|
9 |
Y10186662 |
90096970 |
INDUSIND BANK LTD. |
18/05/2005 |
- |
28/02/2006 |
14500000.0 |
VAPI BRANCHCHAR
RASIAVAPIGJ369195IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
Intangible assets
- Computer software
- Goodwill
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.92 |
|
|
1 |
INR 90.23 |
|
Euro |
1 |
INR 80.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.