|
|
|
MIRA INFORM REPORT
|
Report No. : |
497397 |
|
Report Date : |
14.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MILLENNIUM AUTOMATION AND SYSTEMS LIMITED (w.e.f. 12.02.2001) |
|
|
|
|
Formerly Known
As : |
MILLENNIUM AUTOMATION AND SYSTEMS PRIVATE LIMITED |
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|
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Registered
Office : |
E-48/9, Okhla Industrial Area, Phase-II, New Delhi – 110020 |
|
Tel. No.: |
91-11-26387915 |
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|
|
|
Country : |
India |
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|
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|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
15.03.2000 |
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|
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|
Com. Reg. No.: |
55-104458 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 168.750 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900DL2000PLC104458 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
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TIN / CST No.: |
07390238732 |
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|
|
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GSTN : [Goods & Service Tax
Registration No.] |
07AACCM4538N1Z4 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AACCM4538N |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trading in IT products and also providing computer programming, consultancy and related services. [Registered Activity] |
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|
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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 : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 870000 |
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|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2000 having satisfactory track record. It is engaged in trader of software and hardware, computer software development, software implementation, software system, software documentation etc. For the financial year 2017, the company has achieved decent growth in its revenue as compared to its previous year along with fair profit margin during the year. Rating continue to derive strength from its established track record of its business operations backed by its well-experienced management team. However, these rating strengths gets partially offset by highly competitive nature of the industry with presence of other large players and unorganized sector marked by profit margins exposed to fluctuations in the input prices. Payments seems to be usually 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
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 14.03.2018
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
Management Non-Cooperative (91-11-26387915 / 16)
LOCATIONS
|
Registered / Head Office : |
E-48/9, Okhla Industrial Area, Phase-II, New Delhi – 110020, India |
|
Tel. No.: |
91-11-26387915 / 26387916 / 26387917 |
|
Fax No.: |
91-11-26387918 / 26387919 |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Varinder Singh Jawanda |
||||||||||||||||||||
|
Designation : |
Managing Director |
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Address : |
B-231E, Greater Kailash Part – I, New Delhi
– 110048, India |
||||||||||||||||||||
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Date of Birth/Age : |
04.08.1970 |
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Date of Appointment : |
12.02.2001 |
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DIN No.: |
00833718 |
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Other Directorship:
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|
||||||||||||||||||||
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Name : |
Mrs. Surinder Kaur Jiwanda |
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Designation : |
Director |
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Address : |
B-231E, Greater Kailash, Part-I, South
Delhi – 110048, India |
||||||||||||||||||||
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Date of Birth/Age : |
17.05.1951 |
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Date of Appointment : |
12.02.2001 |
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DIN No.: |
01056473 |
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Other Directorship:
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|
||||||||||||||||||||
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Name : |
Mr. Shivinder Sofat |
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Designation : |
Director |
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|
Address : |
H. No. 4231, Phase-2, Urban Estate, Patiala
– 147002, Punjab, India |
||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
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DIN No.: |
07301089 |
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|
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Name : |
Mr. Paramjit Singh |
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Designation : |
Director |
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|
Address : |
C/O Paramjit Singh Court Road, District:
Baramulla – 193101, Jammu and Kashmir, India |
||||||||||||||||||||
|
Date of Appointment : |
01.11.2016 |
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DIN No.: |
07631212 |
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KEY EXECUTIVES
|
Name : |
Mr. Sanjeev Singh |
|
Designation : |
Chief Financial Officer |
|
Address : |
H.No.WZ-283/139, Vishnu Garden, Tilak
Nagar, West Delhi – 110018, India |
|
Date of Appointment : |
06.08.2016 |
|
PAN No.: |
ACAPS2036E |
|
|
|
|
Name : |
Ms. Ruchi Bisht |
|
Designation : |
Company Secretary |
|
Address : |
22A, South Ganesh Nagar Shakarpur, East
Delhi – 110092, India |
|
Date of Appointment : |
20.02.2016 |
|
PAN No.: |
BCNPB3731K |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Varinder Singh Jawanda |
|
16336199 |
|
Harleen Kaur Jawanda |
|
527500 |
|
Surinder Kaur |
|
11000 |
|
Sanjeev Singh |
|
100 |
|
Sunil Yadav |
|
100 |
|
Kalwant Singh Bajwa |
|
100 |
|
Harshit Kaur Jawanda |
|
1 |
|
|
|
|
|
Total |
|
16875000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in IT products and also providing computer programming, consultancy and related services. [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 Divulged |
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Imports : |
Not Divulged |
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||||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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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 : |
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Auditors : |
|
|
Name : |
B.L. Aggarwal Sohwasia and Company Chartered Accountants |
|
Address : |
T-2536, Hardhyan Singh Road, Karol Bagh, New Delhi, India |
|
PAN No.: |
AADFB4140P |
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|
|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
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|
Subsidiary company
: |
·
Millennium Automation and Systems Pte.
Limited, Singapore |
|
|
|
|
Others : |
· Millennium Telesystems Private Limited, India · Fabpanda Private Limited, India · Jones Digitech Private Limited, India ·
H and V Projects Private Limited, India |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22500000 |
Equity Shares |
INR 10/- each |
INR 225.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16875000 |
Equity Shares |
INR 10/- each |
INR 168.750 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
168.750 |
168.750 |
225.000 |
|
(b) Reserves & Surplus |
136.214 |
112.452 |
146.527 |
|
(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) |
304.964 |
281.202 |
371.527 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
31.272 |
12.811 |
21.128 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
31.272 |
12.811 |
21.128 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
2.802 |
3.052 |
|
(b) Trade
payables |
152.980 |
21.036 |
251.101 |
|
(c) Other current
liabilities |
9.475 |
7.504 |
6.699 |
|
(d) Short-term
provisions |
9.146 |
5.880 |
1.487 |
|
Total Current
Liabilities (4) |
171.601 |
37.222 |
262.339 |
|
|
|
|
|
|
TOTAL |
507.837 |
331.235 |
654.994 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
25.328 |
30.692 |
35.598 |
|
(ii)
Intangible Assets |
0.103 |
0.027 |
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 |
0.078 |
0.043 |
0.043 |
|
(c) Deferred tax assets (net) |
1.979 |
1.726 |
1.030 |
|
(d)
Long-term Loan and Advances |
10.606 |
9.809 |
11.783 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
38.094 |
42.297 |
48.454 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
18.899 |
0.546 |
1.167 |
|
(c) Trade receivables |
209.204 |
85.698 |
298.420 |
|
(d) Cash
and cash equivalents |
195.127 |
166.038 |
265.521 |
|
(e)
Short-term loans and advances |
46.513 |
36.656 |
41.432 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
469.743 |
288.938 |
606.540 |
|
|
|
|
|
|
TOTAL |
507.837 |
331.235 |
654.994 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
420.538 |
300.497 |
1204.518 |
|
|
Other Income |
14.778 |
14.008 |
15.946 |
|
|
TOTAL |
435.316 |
314.505 |
1220.464 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
366.448 |
247.300 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(18.353) |
0.621 |
3.429 |
|
|
Employee benefit expense |
24.645 |
23.792 |
22.207 |
|
|
Other expenses |
21.160 |
12.583 |
44.951 |
|
|
TOTAL |
393.900 |
284.296 |
1182.272 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
41.416 |
30.209 |
38.192 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.308 |
5.012 |
5.537 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
37.108 |
25.197 |
32.655 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.735 |
5.518 |
6.470 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
33.373 |
19.679 |
26.185 |
|
|
|
|
|
|
|
Less |
TAX |
8.894 |
5.185 |
7.686 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
24.479 |
14.494 |
18.499 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.45 |
0.64 |
0.82 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
1.219 |
(0.596) |
78.939 |
|
Net cash flows from (used in) operating activities |
(1.817) |
(6.477) |
70.222 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
181.58 |
104.09 |
90.43 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.01 |
3.51 |
4.04 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
152.38 |
31.05 |
82.44 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.19 |
55.33 |
32.73 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.63 |
0.98 |
1.07 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.40 |
0.15 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.10 |
0.06 |
0.07 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.56 |
0.13 |
0.71 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.08 |
0.11 |
0.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.61 |
6.03 |
6.90 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
5.82 |
4.82 |
1.54 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.82 |
4.38 |
2.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.03 |
5.15 |
4.98 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.74 |
7.76 |
2.31 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.63 |
7.75 |
2.31 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.60 |
0.85 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.19 |
0.09 |
0.11 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.74 |
7.76 |
2.31 |
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 |
225.000 |
168.750 |
168.750 |
|
Reserves & Surplus |
146.527 |
112.452 |
136.214 |
|
Net
worth |
371.527 |
281.202 |
304.964 |
|
|
|
|
|
|
Long-term borrowings |
21.128 |
12.811 |
31.272 |
|
Short term borrowings |
3.052 |
2.802 |
0.000 |
|
Total
borrowings |
24.180 |
15.613 |
31.272 |
|
Debt/Equity
ratio |
0.065 |
0.056 |
0.103 |
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 |
1204.518 |
300.497 |
420.538 |
|
|
|
(75.053) |
39.947 |
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 |
1204.518 |
300.497 |
420.538 |
|
Profit/ (Loss) |
18.499 |
14.494 |
24.479 |
|
|
1.54
% |
4.82
% |
5.82
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
168.750 |
|
(b) Reserves and Surplus |
|
|
194.342 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
(d) Minority interest |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
|
363.092 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
23.216 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long-term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
23.216 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
|
0.000 |
|
(b) Trade
payables |
|
|
245.587 |
|
(c) Other
current liabilities |
|
|
9.485 |
|
(d) Short-term
provisions |
|
|
9.301 |
|
Total Current
Liabilities (4) |
|
|
264.373 |
|
|
|
|
|
|
TOTAL |
|
|
650.681 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
|
|
25.328 |
|
(ii)
Intangible Assets |
|
|
0.103 |
|
(iii) Tangible assets
capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
1.979 |
|
(d)
Long-term
loans and advances |
|
|
10.606 |
|
(e) Other
Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
38.016 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
18.899 |
|
(c) Trade
receivables |
|
|
352.080 |
|
(d) Cash and bank
balances |
|
|
195.173 |
|
(e)
Short-term loans and advances |
|
|
46.513 |
|
(f) Other
current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
612.665 |
|
|
|
|
|
|
TOTAL |
|
|
650.681 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
|
557.415 |
|
|
Other Income |
|
|
14.778 |
|
|
TOTAL |
|
|
572.193 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
|
444.755 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(18.354) |
|
|
Employee benefit expense |
|
|
24.645 |
|
|
Other expenses |
|
|
21.602 |
|
|
TOTAL |
|
|
472.648 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
99.545 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
4.308 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
95.237 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
3.735 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
91.502 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
8.894 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
|
82.608 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
4.90 |
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 |
No |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
9.660 |
12.811 |
|
|
|
|
|
Total |
9.660 |
12.811 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B66131848 |
10078816 |
ORIENTAL BANK OF COMMERCE |
22/10/2007 |
12/12/2012 |
- |
510000000.0 |
G-11 (MARKET)SOUTH EXTENSION PART-1NEW DELHIDL110024IN |
|
2 |
Y10131028 |
90050933 |
ORIENTAL BANK OF COMMERCE |
25/09/2004 |
- |
- |
215000000.0 |
SOUTH EXTENSION -INEW DELHIDL110049IN |
|
3 |
A28479384 |
90049135 |
ORIENTAL BANK OF COMMERCE |
17/06/2002 |
22/10/2007 |
- |
20000000.0 |
G -11, SOUTH EXTN.PART -1, NEW DELHINEW DELHI DL110049IN |
|
4 |
B66132028 |
90048561 |
ORIENTAL BANK OF COMMERCE |
10/07/2001 |
12/12/2012 |
- |
510000000.0 |
G-11, (MARKET) SOUTH EXTENSION PART-1NEW DELHI DL110024IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 90.23 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKT |
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.