|
|
|
MIRA INFORM REPORT
|
Report No. : |
496042 |
|
Report Date : |
10.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MAHALAXMI TMT PRIVATE LIMITED (w.e.f. 13.01.2009) |
|
|
|
|
Formerly Known
As : |
MAHALAXMI INGOTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B/306, Dynasty Business Park, J.B. Nagar, Andheri-Kurla Road, Andheri
(East), Mumbai – 400 059, Maharashtra |
|
Tel. No.: |
91-22-61115200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
10.08.2004 |
|
|
|
|
Com. Reg. No.: |
11-147918 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1924.374 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2004PTC147918 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
5009001225 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAECM8393D1Z8 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM8393D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is principally engaged in the manufacture of Steel
Billets, Sponge Iron and TMT Bars. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Poor |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2004. It is a part of Bhilwara
(Rajasthan) based Sangam group. For the FY17, the company has reported dip in its revenue by 13.64% as
compared to the previous year along with operational loss. The moderate financial risk profile of marked by negative reserve base
due to continuous loss incurred since 2013. Rating is constrained on account of delays in servicing of its terms
loan principal and interest and development in letter of credit. Liquidity
position of the company is stressed due to continue cash losses on account of
higher raw material costs and decline in sales. Moreover, the company has
filed an application for debt structuring under ‘S4A’, however, the same is
yet to be approved by lenders. Payment seems to be slow and delayed. In view of aforesaid, dealings are recommended on safe and secured
terms. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term borrowing: D |
|
Rating Explanation |
Lowest credit quality and very low prospects
of recovery. |
|
Date |
14.07.2017 |
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 10.03.2018
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. Suratram Ramjas Dakhera |
|
Designation : |
Director |
|
Contact No.: |
91-7709990003 |
|
Date : |
08.03.2018 |
Management Non-Cooperative (91-22-61115200)
LOCATIONS
|
Registered Office/ Head Office : |
B/306, Dynasty Business Park, J.B. Nagar, Andheri-Kurla Road, Andheri (East),
Mumbai – 400059, Maharashtra, India |
|
Tel No: |
91-22-61115200/ 228/ 299/ 28227864/6115222 |
|
Mobile No.: |
91-7709990003 (Mr. Suratram Ramjas Dakhera) |
|
Fax No: |
91-22-28227865 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Plot No.C-2, MIDC, Deoli Growth Centre, Deoli, District Wardha –
442101, Maharashtra, India |
|
Tel. No.: |
91-7152-254044 |
|
Fax No.: |
91-7152-287854 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ram Pal Soni |
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Address : |
01, Main Sector, Shastri Nagar, Bhilwara – 311 001, Rajasthan, India |
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Date of Birth/Age : |
26.01.1946 |
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Qualification : |
B. Sc. Diploma in Civil Engineering |
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Date of Appointment : |
30.09.2010 |
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PAN No.: |
ACEPS7628E |
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DIN No.: |
00401439 |
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Other Directorship:
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|
Name : |
Mr. Yogesh Ramnivas Mandhani |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H. No.1-28-4118-3, Ramnivas, Karwa Nagar, Jalna – 431 203,
Maharashtra, India |
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Date of Birth/Age : |
06.12.1976 |
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Qualification : |
BE in Chemical Engineering |
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Date of Appointment : |
26.05.2008 |
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PAN No.: |
ABFPM2361N |
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DIN No.: |
01691583 |
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Suratram Ramjas Dakhera |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-706, Gayatri Darshan Thakor Complex, Near Saruchi Restorent, Kandivili (East), Mumbai - 400101, Maharashtra, India |
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Date of Birth/Age : |
05.07.1961 |
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Qualification : |
Graduate |
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Date of Appointment : |
07.08.2015 |
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|
PAN No.: |
AAGPD3471N |
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|
DIN No.: |
02274186 |
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KEY EXECUTIVES
|
Name : |
Mrs. Neha Jagetia |
|
Designation : |
Company Secretary |
|
Address : |
H. No. 52, Gokulam Villas, Vaibhav Nagar Gali No. 3, Bhilwara 311001, Rajasthan, India |
|
Date of Appointment : |
01.09.2017 |
|
PAN No.: |
AHSPJ2967L |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDER DETAILS FILES ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
85.51 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
0.06 |
|
Public/Other than promoters - Body corporate |
14.43 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is principally engaged in the manufacture of Steel
Billets, Sponge Iron and TMT Bars. [Registered Activity] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Kavita Birla and Company Chartered Accountants |
|
Address : |
608-609, Manish Chamber, Solnawala Lane, Opposite Hotel Karan Palace, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAOFK5189Q |
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Memberships : |
Not Available |
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|
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|
Collaborators : |
Not Available |
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Holding company: |
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|
|
Enterprises
which are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37000000 |
Equity Shares |
INR 10/- each |
INR 370.000 Million |
|
158500000 |
Preference Shares |
INR 10/- each |
INR 1585.000 Million |
|
|
Total |
|
INR 1955.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35989555 |
Equity Shares |
INR 10/- each |
INR 359.895 Million |
|
156447886 |
Preference Shares |
INR 10/- each |
INR 1564.479 Million |
|
|
Total |
|
INR 1924.374
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 |
1924.374 |
1859.874 |
359.896 |
|
(b) Reserves and Surplus |
(575.876) |
(28.610) |
368.504 |
|
(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) |
1348.498 |
1831.264 |
728.400 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3436.774 |
3627.073 |
4747.402 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
15.185 |
5.039 |
1.562 |
|
Total Non-current
Liabilities (3) |
3451.959 |
3632.112 |
4748.964 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
2900.463 |
1987.870 |
2036.631 |
|
(b) Trade
payables |
1299.325 |
2216.739 |
2539.448 |
|
(c) Other
current liabilities |
834.829 |
488.430 |
618.792 |
|
(d) Short-term
provisions |
205.672 |
215.274 |
183.887 |
|
Total Current
Liabilities (4) |
5240.289 |
4908.313 |
5378.758 |
|
|
|
|
|
|
TOTAL |
10040.746 |
10371.689 |
10856.122 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
4547.057 |
4807.974 |
4154.399 |
|
(ii)
Intangible Assets |
0.014 |
0.015 |
0.016 |
|
(iii) Tangible assets
capital work-in-progress |
3.915 |
0.000 |
414.563 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
45.042 |
45.042 |
43.219 |
|
(c) Deferred tax assets (net) |
1151.562 |
892.602 |
710.515 |
|
(d)
Long-term loans and advances |
0.876 |
0.876 |
0.876 |
|
(e) Other
Non-current assets |
10.937 |
10.938 |
10.937 |
|
Total Non-Current
Assets |
5759.403 |
5757.447 |
5334.525 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
663.645 |
759.128 |
822.868 |
|
(c) Trade
receivables |
2128.246 |
2378.651 |
2822.469 |
|
(d) Cash and
bank balances |
153.771 |
132.003 |
216.819 |
|
(e)
Short-term loans and advances |
86.618 |
80.610 |
270.802 |
|
(f) Other
current assets |
1249.063 |
1263.850 |
1388.639 |
|
Total
Current Assets |
4281.343 |
4614.242 |
5521.597 |
|
|
|
|
|
|
TOTAL |
10040.746 |
10371.689 |
10856.122 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
8168.950 |
9459.608 |
13839.354 |
|
|
Other Income |
584.655 |
601.794 |
962.489 |
|
|
TOTAL |
8753.605 |
10061.402 |
14801.843 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
6482.478 |
7573.173 |
12505.383 |
|
|
Purchases of
Stock-in-Trade |
438.217 |
386.807 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
27.931 |
37.264 |
176.015 |
|
|
Employee benefit expense |
163.197 |
138.168 |
159.115 |
|
|
Other expenses |
1291.587 |
1336.954 |
1158.407 |
|
|
Prior period items |
91.340 |
0.000 |
0.000 |
|
|
Extraordinary items |
0.000 |
0.000 |
42.288 |
|
|
TOTAL |
8494.750 |
9472.366 |
14041.208 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
258.855 |
589.036 |
760.635 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
794.413 |
929.798 |
946.096 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(535.558) |
(340.762) |
(185.461) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
270.668 |
238.439 |
234.513 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(806.226) |
(579.201) |
(419.974) |
|
|
|
|
|
|
|
Less |
TAX |
(258.960) |
(182.087) |
(130.737) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(547.266) |
(397.114) |
(289.237) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(2.84) |
(2.14) |
(8.04) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
800.706 |
445.888 |
571.975 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
912.781 |
735.561 |
1252.120 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
954.781 |
750.731 |
1252.120 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
95.09 |
91.78 |
74.44 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.84 |
3.98 |
4.90 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
68.53 |
101.65 |
74.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.39 |
0.78 |
0.92 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.06 |
0.12 |
0.17 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.94 |
0.87 |
0.99 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
5.29 |
3.31 |
10.10 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.89 |
2.68 |
7.38 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
3.37 |
2.63 |
6.27 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.33 |
0.63 |
0.80 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(6.70) |
(4.20) |
(2.09) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(5.45) |
(3.83) |
(2.66) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(40.58) |
(21.69) |
(39.71) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.82 |
0.94 |
1.03 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.69 |
0.79 |
0.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.13 |
0.18 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.71 |
3.26 |
20.44 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.82 |
0.94 |
1.03 |
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 |
359.896 |
1859.874 |
1924.374 |
|
Reserves & Surplus |
368.504 |
(28.610) |
(575.876) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
728.400 |
1831.264 |
1348.498 |
|
|
|
|
|
|
Long-term borrowings |
4747.402 |
3627.073 |
3436.774 |
|
Short term borrowings |
2036.631 |
1987.870 |
2900.463 |
|
Current maturities of
long-term debts |
571.975 |
445.888 |
800.706 |
|
Total
borrowings |
7356.008 |
6060.831 |
7137.943 |
|
Debt/Equity
ratio |
10.099 |
3.310 |
5.293 |
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 |
13839.354 |
9459.608 |
8168.950 |
|
|
|
(31.647) |
(13.644) |
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 |
13839.354 |
9459.608 |
8168.950 |
|
Profit/ (Loss) |
(289.237) |
(397.114) |
(547.266) |
|
|
(2.09
%) |
(4.20
%) |
(6.70
%) |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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: Registered office of the company has been
shifted from 190, Priyadarshini Colony, Sambhaji Nagar, Jalana, India – 431203,
Maharashtra, India to the present address
w.e.f. 08.08.2011.
CORPORATE INFORMATION
Subject is a private limited company and incorporated under the provisions of the Companies Act, 1956 on August 10, 2004. The Company is principally engaged in the manufacture of Steel Billets, Sponge Iron and TMT Bars.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from others |
372.392 |
551.200 |
|
SHORT TERM
BORROWING |
|
|
|
Other loans and advances, others |
120.065 |
186.382 |
|
Total |
492.457 |
737.582 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
AMOUNT |
ADDRESS |
|
1 |
G09998667 |
100046271 |
UNION BANK OF
INDIA |
06/08/2016 |
8361100000.0 |
INDUSTRIAL FINANCE
BRANCH, UNION BANK BHAVAN1ST FLOOR, 239, VIDHAN BHAVAN MARG, NARIMAN
POINTMUMBAIMH400021IN |
|
2 |
G05057138 |
100030908 |
STATE BANK OF
PATIALA |
25/04/2016 |
201100000.0 |
COMMERCIAL
BRANCH-II, 2ND FLOOREQUINOX BUSINESS PARK, LBS MARG, OFF BKC, KURLA WMUMBAIMH400070IN |
|
3 |
G03748563 |
100027613 |
PUNJAB NATIONAL
BANK |
26/03/2016 |
104900000.0 |
ILACO HOUSE, SIR
PM ROAD,FORT,MUMBAIMH400001IN |
|
4 |
G01473362 |
100019564 |
UNION BANK OF
INDIA |
22/03/2016 |
319700000.0 |
INDUSTRIAL FINANCE
BRANCH, 1ST FLOOR, UBI239, VIDHAN BHAVAN MARG, NARIMAN POINTMUMBAIMH400021IN |
|
5 |
G00940015 |
100017874 |
STATE BANK OF
BIKANER AND JAIPUR |
04/03/2016 |
313000000.0 |
COMMERCIAL BRANCH
MUMBAI, 239, D'MELLO ROAD,FORTMUMBAIMH400001IN |
|
6 |
G02401156 |
100023133 |
UNITED BANK OF
INDIA |
04/03/2016 |
77900000.0 |
CORPORATE FINANCE
BRANCH, 2ND FLOOR, UBI BUILDING25, SIR PHEROZ SHAH MEHTA ROADMUMBAIMH400001IN |
|
7 |
C81627663 |
10625763 |
ORIENTAL BANK OF
COMMERCE |
29/02/2016 |
151200000.0 |
SHANTI BHAWAN, BHOPAL
GANJNEAR HEAD POST OFFICEBHILWARARJ311001IN |
|
8 |
B62532379 |
10387912 |
UNION BANK OF
INDIA |
25/10/2012 |
500000000.0 |
IND FIN. BRANCH,
1ST FLOOR, UNION BANK BHAWAN, 239VIDHAN BHAWAN MARG, NARIMAN
POINTMUMBAIMH400021IN |
|
9 |
B21313390 |
10307892 |
STATE BANK OF
BIKANER AND JAIPUR |
27/08/2011 |
2990000000.0 |
IIND FLOOR, TAMBI
TOWERSS.C. ROADJAIPURRJ302001IN |
|
10 |
B17093030 |
10297871 |
STATE BANK OF
BIKANER AND JAIPUR |
25/06/2011 |
1260000000.0 |
IIND FLOOR, TAMBI TOWERSS.C.
ROADJAIPURRJ302001IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Brands and trade marks
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 65.08 |
|
|
1 |
INR 89.85 |
|
Euro |
1 |
INR 80.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KVT |
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.