|
|
|
MIRA INFORM REPORT
|
Report No. : |
497473 |
|
Report Date : |
20.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
R. P. MULTIMETALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G T Road, Mandi Gobindgarh, Fatehgarh Sahib - 147301, Punjab |
|
Tel. No.: |
91-1765-505019/ 255122/ 255389/ 258923/ 259117 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
15.12.1997 |
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|
|
|
Com. Reg. No.: |
16-020837 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 26.924 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109PB1997PTC020837 |
|
|
|
|
GST No.: [Goods & Service Tax
Registration No.] |
03AABCR6086R1ZT |
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|
|
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IEC No.: |
Not Divulged |
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|
|
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TIN No.: |
03671009600 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCR6086R |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Billet, H.R. Coil, MS Bars/ Rounds and ERW Pipes, Steel Ingots, Forging Ingots and type of Steel Castings, Metal Cutting Blades, etc. [Registered Activity and also Confirmed by Management] |
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|
|
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No. of Employees
: |
500 (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 537900 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1997 and it is a manufacturer of ingots,
forging ingots and types of steel castings. As per financials of March 2017, the company has registered a growth
of 7.18% in its revenue as compared to its previous year’s revenue and
reported minimal profit margin of 0.31%. Rating takes into consideration the company’s established track record
of business operations marked by sound networth base along with average debt
coverage indicators and decent liquidity position. Further, the company has reported Earnings Per Share of INR 3.09
against its face value of INR 10. However, rating strength is partially offset by its presence in highly
competitive and huge working capital requirement steel industry. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealins 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 20.03.2018
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. Yog Raj Singla |
|
Designation : |
Whole-time Director |
|
Contact No.: |
91-9876919019 |
|
Date : |
19.03.2018 |
LOCATIONS
|
Registered Office : |
G T Road, Mandi Gobindgarh, Fatehgarh Sahib - 147301, Punjab, India |
|
Tel. No.: |
91-1765-505019/ 255122/ 255389/ 258923/ 259117 |
|
Mobile No.: |
91-9876919019 (Mr. Yog Raj Singla) |
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Fax No.: |
91-1765-255422 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
Locality : |
Commercial |
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|
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Factory/ Head Office : |
Amloh Road, Village Salani Mandi Gobindgarh, Punjab, India |
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Narain Singla |
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|
Designation : |
Whole-time Director |
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Address : |
Ward No 17, Behind Girder Market, Mandi Gobindgarh 147301, Punjab, India |
||||||||||||||||||||
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Date of Birth/Age : |
17.03.1957 |
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Qualification : |
Graduation |
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Date of Appointment : |
15.12.1997 |
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PAN No.: |
AEFPS0754N |
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DIN No.: |
01031765 |
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Other Directorship :
|
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|
||||||||||||||||||||
|
Name : |
Mr. Gopal Singla |
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|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
M/S Gopal And Company, Girder Market, G T Road, Mandi Gobindgarh 147301, Punjab, India |
||||||||||||||||||||
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Date of Birth/Age : |
04.08.1967 |
||||||||||||||||||||
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Qualification : |
Graduation |
||||||||||||||||||||
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Date of Appointment : |
15.12.1997 |
||||||||||||||||||||
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PAN No.: |
AEWPS7387E |
||||||||||||||||||||
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DIN No.: |
01031787 |
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Other Directorship :
|
|||||||||||||||||||||
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|
||||||||||||||||||||
|
Name : |
Mr. Ashish Singla |
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Designation : |
Whole-time Director |
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Address : |
Ward No 10, H No 184, Old Central Bank Street, Mandi Gobindgarh 147301, Punjab, India |
||||||||||||||||||||
|
Date of Birth/Age : |
10.08.1981 |
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Qualification : |
Graduation |
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Date of Appointment : |
01.02.2006 |
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PAN No.: |
AIYPS9291D |
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DIN No.: |
01180048 |
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Other Directorship :
|
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|
||||||||||||||||||||
|
Name : |
Mr. Yog Raj Singla |
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Designation : |
Whole-time Director |
||||||||||||||||||||
|
Address : |
Ward No 11, Old Central Bank Street, Mandi Gobindgarh 147301, Punjab, India |
||||||||||||||||||||
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Date of Birth/Age : |
14.05.1972 |
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Qualification : |
Graduation |
||||||||||||||||||||
|
Date of Appointment : |
28.04.1999 |
||||||||||||||||||||
|
PAN No.: |
AEFPS0755P |
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DIN No.: |
01180088 |
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|
Other Directorship :
|
|||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Narain Singla |
|
653850 |
|
Rameshwar Singla |
|
12600 |
|
Gopal Singla |
|
13600 |
|
Yograj Singla |
|
100 |
|
Om Parkash Singla |
|
60000 |
|
Jatinder Kumar |
|
22500 |
|
Pawan Kumar |
|
32200 |
|
Vikas Puri |
|
27000 |
|
R P Foundry Private Limited |
|
196400 |
|
Manish Singla |
|
145500 |
|
Ashish Singla |
|
104000 |
|
Gopal Castings Private Limited |
|
1344520 |
|
Amanpreet Sandu |
|
80000 |
|
Sushil Kumar Mittal |
|
10 |
|
Sushil Kumar (HUF) |
|
10 |
|
Dhamm Pal (HUF) |
|
10 |
|
Pratibha Mittal |
|
10 |
|
Mehak Mittal |
|
10 |
|
Neelam Gupta |
|
10 |
|
Adarsh Garg |
|
10 |
|
Shashi Garg |
|
10 |
|
|
|
|
|
Total |
|
2692350 |
AS ON 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
42.77 |
|
Promoters – Body Corporate |
57.23 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Billet, H.R. Coil, MS Bars/ Rounds and ERW Pipes, Steel Ingots, Forging Ingots and type of Steel Castings, Metal Cutting Blades, etc. [Registered Activity and also Confirmed by Management] |
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Products : |
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||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
|
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Products : |
Steel Alloys, Rolls Gears, Shafts, Cranks, etc. |
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Countries : |
· South Africa · Dubai |
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Terms : |
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||||
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Selling : |
Cash, NEFT, RTGS and Credit [30 Days and 60 Days] |
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Purchasing : |
Cash, NEFT, RTGS and Credit [30 Days and 60 Days] |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesaler, Retailers and End Users
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No. of Employees : |
500 (Approximately) |
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Bankers : |
· Oriental Bank of Commerce Mandi Gobindgarh, Fatehgarh Sahib - 147301, Punjab, India · State Bank of Patiala G T Road, Mandi Gobindgarh - 147301, Punjab, India · Union Bank of India Motia
Khan, Mandi Gobindgarh - 147301, Punjab, India |
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Facilities : |
|
|
|
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Auditors : |
|
|
Name : |
O.P. Tulsyan and Company Chartered Accountants |
|
Address : |
42 - 43, B.D. Complex, Mandi Gobindgarh, Punjab, India |
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PAN No.: |
AAAFO0729Q |
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|
|
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Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Related Parties : |
· Singla Steels · Narain Steel Company · Narain and Company · Gopal and Company · R.P. Foundry Private Limited [U27104PB1993PTC012925] · R. P. Steel Tubes · R.P. Alloys & Forging |
|
|
|
|
Sister Concern : [Confirmed by Management] |
Gopal Castings Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
INR 10/- each |
INR 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2692350 |
Equity Shares |
INR 10/- each |
INR 26.924
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
26.924 |
26.923 |
26.923 |
|
(b) Reserves & Surplus |
161.342 |
153.016 |
147.162 |
|
(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) |
188.266 |
179.939 |
174.085 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
154.760 |
152.477 |
128.322 |
|
(b) Deferred tax liabilities (Net) |
2.440 |
2.204 |
2.286 |
|
(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) |
157.200 |
154.681 |
130.608 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
519.813 |
566.767 |
517.610 |
|
(b)
Trade payables |
7.363 |
4.867 |
5.083 |
|
(c)
Other current liabilities |
70.322 |
56.613 |
48.472 |
|
(d)
Short-term provisions |
3.857 |
2.780 |
2.347 |
|
Total
Current Liabilities (4) |
601.355 |
631.027 |
573.512 |
|
|
|
|
|
|
TOTAL |
946.821 |
965.647 |
878.205 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
110.864 |
90.935 |
99.245 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.490 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
47.947 |
46.270 |
25.509 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
160.301 |
137.205 |
124.754 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
259.636 |
217.758 |
149.097 |
|
(c)
Trade receivables |
198.562 |
252.013 |
361.622 |
|
(d)
Cash and cash equivalents |
139.138 |
207.690 |
88.836 |
|
(e)
Short-term loans and advances |
187.068 |
149.802 |
152.879 |
|
(f)
Other current assets |
2.116 |
1.179 |
1.017 |
|
Total
Current Assets |
786.520 |
828.442 |
753.451 |
|
|
|
|
|
|
TOTAL |
946.821 |
965.647 |
878.205 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2677.515 |
2498.185 |
2204.069 |
|
|
|
Other Income |
30.793 |
26.797 |
27.017 |
|
|
|
TOTAL (A) |
2708.308 |
2524.982 |
2231.086 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1340.042 |
1710.603 |
1718.950 |
|
|
|
Purchases of Stock-in-Trade |
759.638 |
245.769 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(20.510) |
(41.951) |
(22.986) |
|
|
|
Employees benefits expense |
12.084 |
9.040 |
8.634 |
|
|
|
Other expenses |
544.618 |
503.143 |
448.806 |
|
|
|
TOTAL (B) |
2635.872 |
2426.604 |
2153.404 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
72.436 |
98.378 |
77.682 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
47.649 |
77.847 |
57.691 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
24.787 |
20.531 |
19.991 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.373 |
11.979 |
12.422 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12.414 |
8.552 |
7.569 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.093 |
2.698 |
2.654 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.321 |
5.854 |
4.915 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
3.09 |
2.17 |
1.83 |
|
Expected Sales (2017-2018): INR 3000.000 Million [Due to Business
Growth]
The above information has been parted by Mr. Yog Raj Singla [Whole-time Director]
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
24.357 |
90.834 |
28.593 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
20.500 |
88.054 |
25.773 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
27.07 |
36.82 |
59.89 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
13.48 |
9.91 |
6.09 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
1.28 |
0.91 |
1.08 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.28 |
0.45 |
0.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.64 |
1.08 |
0.78 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.80 |
0.81 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.58 |
4.00 |
3.71 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.19 |
3.51 |
3.29 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.60 |
0.51 |
0.57 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.52 |
1.26 |
1.35 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.31 |
0.23 |
0.22 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.88 |
0.61 |
0.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.42 |
3.25 |
2.82 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.31 |
1.31 |
1.31 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.88 |
0.97 |
1.05 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.20 |
0.19 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
25.05 |
26.71 |
23.99 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.31 |
1.31 |
1.31 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
26.923 |
26.923 |
26.924 |
|
Reserves & Surplus |
147.162 |
153.016 |
161.342 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
174.085 |
179.939 |
188.266 |
|
|
|
|
|
|
Long-term borrowings |
128.322 |
152.477 |
154.760 |
|
Short term borrowings |
517.610 |
566.767 |
519.813 |
|
Total
borrowings |
645.932 |
719.244 |
674.573 |
|
Debt/Equity ratio |
3.710 |
3.997 |
3.583 |
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 |
2204.069 |
2498.185 |
2677.515 |
|
|
|
13.344 |
7.178 |
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 |
2204.069 |
2498.185 |
2677.515 |
|
Profit |
4.915 |
5.854 |
8.321 |
|
|
0.22% |
0.23% |
0.31% |
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) |
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B72901077 |
10338386 |
ORIENTAL BANK OF COMMERCE |
03/02/2012 |
05/04/2013 |
- |
650000000.0 |
MANDI GOBINDGARHFATEHGARH SAHIBPB147301IN |
|
2 |
B35540541 |
10129130 |
UNION BANK OF INDIA |
29/09/2008 |
09/06/2009 |
17/03/2012 |
400736000.0 |
MOTIA KHANMANDI GOBINDGARHPB147301IN |
|
3 |
A59472951 |
80014280 |
STATE BANK OF PATIALA |
14/08/2003 |
02/04/2008 |
06/04/2009 |
200000000.0 |
G T ROADMANDI GOBINDGARHPB147301IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
154.760 |
152.477 |
|
|
|
|
|
Total |
154.760 |
152.477 |
CORPORATE INFORMATION
Subject is a Private Company Incorporated under the provisions of the Companies Act, 1956 on Dated 15th December 1997. The Company is engaged in manufacturing of Billet, H.R. Coil, MS Bars/Rounds & ERW Pipes.
BRIEF DESCRIPTION OF
THE COMPANY’S WORKING DURING THE YEAR/STATE OF COMPANY’S AFFAIR
The sales during the period has been INR 2677.515 Million. The Profit before depreciation and taxation has been INR 24.787 Million. For FY2017, the Company’s profit after tax stood at INR 8.321 Million.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
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
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
UK Pound |
1 |
INR 90.56 |
|
Euro |
1 |
INR 79.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARCH |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
YES |
|
--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.