MIRA INFORM REPORT

 

 

Report No. :

497366

Report Date :

17.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

BENGAL FINANCE AND INVESTMENT PRIVATE LIMITED

 

 

Registered Office :

Unit No 10, Building No 2B, Mittal Industrial Estate, Andheri Kurla Road Sakinaka, Andheri (East),  Mumbai-400059, Maharashtra

Tel. No.:

91-22-40518000 (84 Lines)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

17.03.1997

 

 

Com. Reg. No.:

11-106632

 

 

Capital Investment / Paid-up Capital :

INR 50.413 Million

 

 

CIN No.:

[Company Identification No.]

U65923MH1997PTC106632

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

TIN No.:

27430625119

 

 

PAN No.:

[Permanent Account No.]

AABCB7225Q

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Divulged

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AABCB7225Q1ZA

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

The company is engaged in the business of investment in capital and debt market and also in leasing of commercial property (Registered Activity)

 

 

No. of Employees :

Not Divulged

 

 

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 1997 and it is engaged in business of financier and the purpose to provide financial activities to individuals, industrial, commercial and other enterprises.

 

As per financials of March 2017, the company has registered healthy operating revenue and has reported good profit margin of 60.19%.

 

Rating takes into consideration the company’s established track record of business operations marked by healthy financial risk profile along with low solvency indicators due to zero debt balance sheet and good liquidity position.

 

Further, the company has reported a good earnings per share of INR 69.98 against its face value of INR 10.

 

Payments seems to be regular.

 

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

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 17.03.2018

 

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. Pravin

Designation :

Finance Department

Contact No.:

91-22-40518004

Date :

16.03.2018

 

 

LOCATIONS

 

Registered Office :

Unit No 10, Building No 2B, Mittal Industrial Estate, Andheri Kurla Road Sakinaka, Andheri (East),  Mumbai-400059, Maharashtra, India

Tel. No.:

91-22-40518000 (84 Lines)

Fax No.:

91-22-40518003

E-Mail :

roc.pjsassociates@gmail.com

ska@ecdindia.com

manoj@punitcreation.com

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Suresh Kumar Agarwal

Designation :

Director

Address :

1B/1503, 325 Green Acres Co-Operative Housing Society Lokhandwala Complex, Andheri (West), Mumbai-400053, Maharashtra, India 

Date of Birth/Age :

17.07.1957

Date of Appointment :

05.04.2007

DIN No.:

00265676

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U51900MH1989PTC053732

DENIS EXPORTS PRIVATE LIMITED

24/05/1999

-

U01110MH1992PTC067200

VASHI AGRO INDUSTRIES PRIVATE LIMITED

12/08/2000

-

U22219MH1995PTC094241

UNA DESIGN -O-PRINT PRIVATE LIMITED

02/02/2001

-

U51909WB1990PTC050385

EAST COAST DISTRIBUTORS PRIVATE LIMITED

02/09/1996

-

U51909WB1992PTC054181

BLUE HORIZON TRADING CO. PRIVATE LIMITED

26/09/2005

-

U70101WB1994PTC062107

STALLION HOMES PRIVATE LIMITED

25/11/2010

-

U51109WB1995PTC070866

PRAXIS SUPPLIERS PRIVATE LIMITED

26/09/2007

-

U51909WB1995PTC071677

TRUE TONE MARKETING PRIVATE LIMITED

24/06/2009

-

U70109WB2002PTC094422

AGL POLYFIL PRIVATE LIMITED

01/08/2008

-

U51909GA2004PTC003643

NEENAH EXIM (GOA) PRIVATE LIMITED

19/10/2004

-

U51909MH2003PTC139277

PRALINE LEASING AND INFOTECH PRIVATE LIMITED

18/08/2004

-

U51909MH2003PTC139521

VALENCIA LEASING AND INFOTECH PRIVATE LIMITED

09/02/2007

-

U70100MH2004PTC144693

DENIS LEASING AND INFOTECH PRIVATE LIMITED

24/02/2004

-

U70100MH2002PTC157514

BISHWANATH PROPERTY PRIVATE LIMITED (TRF.)

09/02/2007

-

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAB-7028

UNA DESIGN -O-PRINT LLP

13/08/2013

-

AAH-3926

BLUE HORIZON TRADING CO. LLP

14/09/2016

-

 

 

Name :

Mr. Narendra Kumar Agarwal

Designation :

Director

Address :

Flat-1303/04, Building-1B, Green Acres Chs Lokhandwala, Andheri (West), Mumbai-400053, Maharashtra, India 

Date of Birth/Age :

30.11.1959

Date of Appointment :

28.10.2005

DIN No.:

00265752

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U01110MH1992PTC068307

PRUDENTIAL AGRO INDUSTRIES PRIVATE LIMITED

27/06/2011

-

U22219MH1995PTC094241

UNA DESIGN -O-PRINT PRIVATE LIMITED

19/09/2005

-

U65923MH1997PTC106632

BENGAL FINANCE AND INVESTMENT PRIVATE LIMITED

28/10/2005

-

U45400WB1989PTC047501

BUILDMAT DEVELOPERS PRIVATE LIMITED

01/06/1994

-

U51909WB1992PTC054181

BLUE HORIZON TRADING CO. PRIVATE LIMITED

08/03/2007

-

U51224WB1991PTC053910

SUNLIT ENTERPRISES PRIVATE LIMITED

26/09/2005

-

U51109WB1995PTC070866

PRAXIS SUPPLIERS PRIVATE LIMITED

26/09/2007

-

U70109WB2002PTC094423

UDBHAV PROPERTIES PRIVATE LIMITED

26/09/2005

-

U51909GA2004PTC003643

NEENAH EXIM (GOA) PRIVATE LIMITED

19/10/2004

-

U51909MH2003PTC139277

PRALINE LEASING AND INFOTECH PRIVATE LIMITED

09/02/2007

-

U51909MH2003PTC139521

VALENCIA LEASING AND INFOTECH PRIVATE LIMITED

18/08/2004

-

U70100MH2004PTC144693

DENIS LEASING AND INFOTECH PRIVATE LIMITED

24/02/2004

-

U70100MH2002PTC157514

BISHWANATH PROPERTY PRIVATE LIMITED (TRF.)

15/01/2007

-

U17299MH2006PTC163148

RBA TEXTILES PRIVATE LIMITED

18/07/2006

-

U74999MH2016PTC283307

BLA PACKAGING INDUSTRIES PRIVATE LIMITED

05/07/2016

-

 

 

Name :

Mr. Manoj Kumar Agarwal

Designation :

Director

Address :

Flat No. 3-B, 1103/1102, Green Acres Chs Lokhandwala Complex, Andheri West Mumbai 400053, Maharashtra, India 

Date of Birth/Age :

 

Date of Appointment :

17.03.1997

DIN No.:

00265799

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U51900MH1989PTC053732

DENIS EXPORTS PRIVATE LIMITED

04/12/1989

-

U45200MH1989PTC054113

RB AGARWAL DEVELOPERS PRIVATE LIMITED

10/10/2005

-

U51900MH1992PTC065709

GAJRAJ TRADING CO PRIVATE LIMITED

01/12/2005

-

U51200MH1992PTC066433

DINKAR AGENCIES PRIVATE LIMITED

02/06/1998

-

U51909WB1992PTC054181

BLUE HORIZON TRADING CO. PRIVATE LIMITED

26/09/2005

-

U70109WB2002PTC094423

UDBHAV PROPERTIES PRIVATE LIMITED

26/09/2005

-

U70100MH2004PTC144693

DENIS LEASING AND INFOTECH PRIVATE LIMITED

09/02/2007

-

AAH-3926

BLUE HORIZON TRADING CO. LLP

14/09/2016

-

 

 

Name :

Mr. Omprakash Agarwal

Designation :

Director

Address :

1st Floor 4/1, Alipore Park Place, Kolkata-700027, West Bengal, India

Date of Birth/Age :

02.08.1954

Date of Appointment :

05.04.2007

DIN No.:

00265954

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U51909WB1986PTC040821

RBA FERRO INDUSTRIES PRIVATE LIMITED

16/10/2009

-

U45400WB1989PTC047501

BUILDMAT DEVELOPERS PRIVATE LIMITED

29/09/2005

-

U70102WB1991PLC052724

LANSDOWN DEVELOPERS SERVICES LIMITED

18/03/2013

-

U51109WB1995PTC070866

PRAXIS SUPPLIERS PRIVATE LIMITED

26/09/2007

-

U27109WB1996PTC081912

CHIRAG CASTINGS PRIVATE LIMITED

19/06/1999

-

U27320WB1985PTC095423

R B AGARWALLA & COMPANY PRIVATE LIMITED

15/12/1985

-

U51909WB2011PTC161598

RBA FERRO TRADING PRIVATE LIMITED

08/04/2011

-

AAA-8135

MUNICAST SOLUTIONS LLP

18/04/2012

-

AAE-3803

RBA FERRO CASTINGS LLP

14/07/2015

-

AAL-3740

VANSSH EISENGUSS LLP

11/12/2017

-

 

 

Name :

Mr. Shyam Sunder Agarwal

Designation :

Director

Address :

9-A, Queens Park, Block-B, Kolkata-700019, West Bengal, India 

Date of Birth/Age :

29.09.1952

Date of Appointment :

12.03.2008

DIN No.:

00266039

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U01110MH1992PTC067200

VASHI AGRO INDUSTRIES PRIVATE LIMITED

18/03/2007

-

U45400WB1989PTC047501

BUILDMAT DEVELOPERS PRIVATE LIMITED

14/02/1995

-

U51909WB1990PTC050385

EAST COAST DISTRIBUTORS PRIVATE LIMITED

16/12/1995

-

U70101WB1994PTC062107

STALLION HOMES PRIVATE LIMITED

02/04/2007

-

U51909WB1995PTC068187

PUFFCO DISTRIBUTORS PRIVATE LIMITED

10/08/2009

-

U93090WB2008PTC128675

ROXX INFRASTRUCTURE PRIVATE LIMITED

22/08/2008

-

U35122WB2010PTC145951

VERTEX INFRAENGINEERING PRIVATE LIMITED

30/09/2016

-

U70100WB2010PTC151834

PDPT PROPERTIES PRIVATE LIMITED

10/05/2014

-

U22219WB2011PTC169233

EXQUISITE PRINT AND PACK PRIVATE LIMITED

03/02/2016

-

U70102WB2013PTC194686

RBA INFRAENGINEERING PRIVATE LIMITED

14/06/2013

-

 

 

KEY EXECUTIVES

 

Name :

Mr. Pravin

Designation :

Finance Department

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2017

 

Names of Shareholders

 

No. of Shares

Manoj K Agarwal

 

261800

O.P. Agarwal

 

360100

B. N. Agarwal

 

360100

S S Agarwal

 

360100

S K Agarwal

 

360100

N K Agarwal

 

425700

Anil K Agarwal

 

392800

Hemant K Agarwal

 

144040

Rajesh K Agarwal

 

144040

Arun K Agarwal

 

144040

Navneet Agarwal

 

360100

Abhinav Agarwal

 

360100

Harshvardhan Agarwal

 

360100

Sudarshan Agarwal

 

360100

Anurag Agarwal

 

100000

Anuj Agarwal

 

94450

Udbhav Agarwal

 

26280

Anubhav Agarwal

 

100000

Ashish Agarwal

 

144040

Abhishek Agarwal

 

144040

Shashank Agarwal

 

19635

Arpit Agarwal

 

19635

Total

 

5041300

 

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 :

The company is engaged in the business of investment in capital and debt market and also in leasing of commercial property (Registered Activity)

 

 

Products / Services :

Item Code No.

Products/Services Description

99711900

Financial and investment Activities

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

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 :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Banker 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 :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

Auditors :

 

Name :

S M M P and Associates

Chartered Accountants

Address :

307, Chartered House, 297/299, Dr. Cawasji Hormusji Street, Near Marine Lines Church, Mumbai- 400002, Maharashtra, India

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

ADBFS6640Q

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Related parties where control exists and related parties with whom transactions have taken place (Associates) :

·         Dinkar Agencies Private Limited

·         RBA Finance and Investment Co. (Firm)

·         Himalaya Finance and Investment Co. (Firm)  

·         Punit Creation (Firm)

·         Buildmat Developers Private Limited

·         RBA Exports Private Limited

 

 

CAPITAL STRUCTURE

 

As on 30.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

6000000

Equity Shares

INR 10/- each

INR 60.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5041300

Equity Shares

INR 10/- each

INR 50.413 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

50.413

50.413

50.413

(b) Reserves & Surplus

2807.977

2456.719

4754.257

(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)

2858.390

2507.132

4804.670

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

6.540

8.490

18.957

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

6.540

8.490

18.957

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

1.093

1.463

1.234

(c) Other current liabilities

2.024

0.074

1.447

(d) Short-term provisions

14.010

113.685

629.844

Total Current Liabilities (4)

17.127

115.222

632.525

 

 

 

 

TOTAL

2882.057

2630.844

5456.152

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

0.069

0.043

0.043

(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

2536.482

2592.954

5142.317

(c) Deferred tax assets (net)

0.155

0.081

0.057

(d)  Long-term Loan and Advances

2.576

2.262

2.014

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

2539.282

2595.340

5144.431

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

0.000

0.000

0.000

(d) Cash and cash equivalents

281.029

0.996

0.474

(e) Short-term loans and advances

60.038

33.733

0.012

(f) Other current assets

1.708

0.775

311.235

Total Current Assets

342.775

35.504

311.721

 

 

 

 

TOTAL

2882.057

2630.844

5456.152

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income (Interest Income)

4.822

2.937

1.601

 

Other Income

578.803

2598.044

2225.940

 

TOTAL

583.625

2600.981

2227.541

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Employees benefits expense

2.224

2.205

2.092

 

Other expenses

135.376

119.270

37.091

 

TOTAL

137.600

121.475

39.183

 

 

 

 

 

 

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

446.025

2479.506

2188.358

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.000

2.152

0.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

446.025

2477.354

2188.358

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

0.341

0.105

0.089

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

445.684

2477.249

2188.269

 

 

 

 

 

Less

TAX

94.426

527.476

458.486

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

351.258

1949.773

1729.783

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

69.68

386.76

343.12

 

 

 

 

 

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

(354.347)

(399.141)

(725.776)

Net cash flows from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

0.00

0.00

0.00

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

0.00

0.00

0.00

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.00

0.00

0.00

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

6464.13

57662.93

50892.05

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.01

0.04

0.12

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.00

0.00

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.01

0.05

0.13

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.00

0.00

0.00

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

0.00

1152.19

0.00

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

7284.49

66386.55

108043.91

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

12.19

74.11

31.70

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

12.29

77.77

36.00

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

20.01

0.31

0.49

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

20.01

0.31

0.49

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.99

0.95

0.88

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.00

0.00

0.00

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

20.01

0.31

0.49

 

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

50.413

50.413

50.413

Reserves & Surplus

4754.257

2456.719

2807.977

Net worth

4804.670

2507.132

2858.390

 

 

 

 

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

Total Income

2227.541

2600.981

583.625

 

 

16.765

(77.561)

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Total Income

2227.541

2600.981

583.625

Profit

1729.783

1949.773

351.258

 

77.65%

74.96%

60.19%

 

 

 

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

Yes

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

 

COMPANY'S AFFAIRS

 

The Company is engaged in the Business of Investment in capital and Debt Market and also in leasing of Commercial property during the year.

 

INDEX OF CHARGES

 

S

No

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

A84583442

90146107

BANK OF INDIA

08/08/2000

-

22/04/2010

300000000.0

CALCUTTA CORPORATE BANKING BRANCH 5; B. T. M. SARANI CULCUTTA WEST BENGAL 700001 INDIA

2

A84583731

90149287

BANK OF INDIA

08/08/2000

04/10/2004

22/04/2010

300000000.0

CALCUTTA CORPORATE BANKING BRANCH 5; B. T. M. SARANI CULCUTTA WEST BENGAL 700001 INDIA

3

A84583897

90142981

BANK OF INDIA

08/08/2000

04/06/2002

22/04/2010

90000000.0

CALCUTTA CORPORATE BANKING BRANCH 5; B. T. M. SARANI CULCUTTA WEST BENGAL 700001 INDIA

 

 

FIXED ASSETS

 

 

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 64.87

UK Pound

1

INR 90.49

Euro

1

INR 79.91

 

 

INFORMATION DETAILS

 

Information Gathered by :

SHA

 

 

Analysis Done by :

VIV

 

 

Report Prepared by :

JYTK

 

 

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

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)

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.
 
 

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