|
|
|
MIRA INFORM REPORT
|
Report No. : |
498332 |
|
Report Date : |
20.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
AIREN METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-750, Road No.9F2, Viswakarma Industrial Area, Jaipur – 302013,
Rajasthan |
|
Tel. No.: |
91-141-4127777 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
23.11.1995 |
|
|
|
|
Com. Reg. No.: |
17-011117 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 44.550 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27201RJ1995PTC011117 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN / CST No.: |
08771653494 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
08AABCA5583C1ZV |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JPRA02247A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA5583C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer, supplier and importer of paper insulated copper strips, copper wires and copper metal products. [Registered activity and also confirmed by management] |
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|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1995. It is a manufacturer and supplier of paper insulated copper strips, copper wires and copper metal products. As per registrar of companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to the financial for the year 31.03.2017 are not available from any sources. For the financial year 2016, the company has achieved 51.03% growth in its revenue as compared to the previous year’s revenue and has reported average net profit margin of 1.74%. The company possesses healthy financial profile marked by above average networth base, satisfactory liquidity position and comfortable debt level. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 Loans= BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
14.04.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Loans= A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
14.04.2017 |
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 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 (GENERAL DETAILS)
|
Name : |
Mr. Hemant Agarwal |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-141-4127777 |
|
Date : |
19.03.2018 |
LOCATIONS
|
Registered Office/ Factory : |
G-750, Road No.9F2, Viswakarma Industrial Area, Jaipur – 302013,
Rajasthan, India |
|
Tel. No.: |
91-141-4127777 / 2331574 / 2331012 / 2333686 |
|
Fax No.: |
91-141-2331997 |
|
E-Mail : |
|
|
|
|
|
Depot Address: |
Annapurna Industrial Estate Shop No.36, Kathwada, Ahmedabad – 382415,
Gujarat, India |
|
|
|
|
Depot Located at: |
·
Uttarakhand ·
Haryana ·
Rajasthan ·
Uttar Pradesh ·
West Bengal ·
Madhya Pradesh |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sudhir Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
F-1/14, LIC Flat, Sector No. 2, Vidhyadhar Nagar, Jaipur – 302023,
Rajasthan, India |
|
Date of Birth/Age : |
24.07.1967 |
|
Date of Appointment : |
23.11.1995 |
|
DIN No.: |
00039759 |
|
|
|
|
Name : |
Prabha Agarwal |
|
Designation : |
Director |
|
Address : |
F-1/14, LIC Flat, Sector No. 2, Vidhyadhar Nagar, Jaipur – 302023,
Rajasthan, India |
|
Date of Birth/Age : |
27.01.1970 |
|
Date of Appointment : |
23.11.1995 |
|
DIN No.: |
00039774 |
|
|
|
|
Name : |
Vishakha Agarwal |
|
Designation : |
Director |
|
Address : |
6/6, Khandelwal Tower, Sector No.1 Vidhyadhar Nagar, Jaipur – 302023,
Rajasthan, India |
|
Date of Birth/Age : |
11.01.1966 |
|
Date of Appointment : |
23.11.1995 |
|
DIN No.: |
00039781 |
|
|
|
|
Name : |
Mr. Suresh Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
6/6, Khandelwal Tower, Sector No.1 Vidhyadhar Nagar, Jaipur – 302023, Rajasthan,
India |
|
Date of Birth/Age : |
23.11.1963 |
|
Date of Appointment : |
01.11.2004 |
|
DIN No.: |
00053017 |
KEY EXECUTIVES
|
Name : |
Mr. Hemant Agarwal |
|
Designation : |
Accounts Head |
|
|
|
|
Name : |
Mr. Sudhir Kumar Agarwal |
|
Designation : |
Company Secretary |
|
Address : |
F-1/14, LIC Flat, Sector No. 2, Vidhyadhar Nagar, Jaipur – 302023,
Rajasthan, India |
|
Date of Birth/Age : |
24.07.1967 |
|
Date of Appointment : |
21.12.2001 |
|
DIN No.: |
00039759 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Prabha Agarwal |
|
782200 |
|
Vishakha Agarwal |
|
18000 |
|
Nand Kishore Agarwal |
|
96000 |
|
Sunita Agarwal |
|
129000 |
|
Gita Devi Agarwal |
|
250750 |
|
Praveena Sharma |
|
236400 |
|
Suresh Kumar Agarwal |
|
969900 |
|
Sudhir Kumar Agarwal |
|
703600 |
|
Natthu Lal Agarwal |
|
96000 |
|
Nirmala Devi Agarwal |
|
30000 |
|
J. M. Sharma H U F |
|
36000 |
|
J. M. Sharma |
|
60000 |
|
Rajan Devi Sharma |
|
75000 |
|
Sharda Sharma |
|
159600 |
|
Sushila Devi Agarwal |
|
75000 |
|
Appex Money Movers Private Limited, India |
|
60000 |
|
Suwa Devi |
|
80000 |
|
Sudhir Agarwal (HUF) |
|
351000 |
|
Kedia Financial Services Private Limited, India |
|
50000 |
|
Airen Copper Private Limited |
|
50000 |
|
Hari Prasad Agarwal |
|
146550 |
|
|
|
|
|
Total |
|
4455000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
97.76 |
|
Promoters [Bodies
corporate] |
2.24 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, supplier and importer of paper insulated copper strips, copper wires and copper metal products. [Registered activity and also confirmed by management] |
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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 : |
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Products : |
·
Raw Material |
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Countries : |
·
Sweden ·
Japan |
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Terms : |
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Selling : |
Cheque, Credit, RTGS and NEFT |
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Purchasing : |
Cheque, Credit, RTGS and NEFT |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers, Manufacturer
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No. of Employees : |
200 (Approximately) |
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Bankers : |
·
ICICI Bank Limited |
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Facilities : |
|
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Auditors : |
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|
Name : |
L. D Sharma and Company Chartered Accountants |
|
Address : |
204, Gururkripa Tower, C-43 Maaveer Marg, C-Scheme, Jaipur, Rajasthan, India |
|
PAN No.: |
AABFL8361L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates: |
· Airen Copper Private Limited |
|
|
|
|
Other Related Parties : |
· Hari Prasad Agarwal (HUF) · Sudhir Kumar Agarwal (HUF) · Suresh Kumar Agarwal (HUF) · Natthulal Agarwal (HUF) |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4455000 |
Equity Shares |
INR 10/- each |
INR 44.550 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
44.550 |
44.550 |
44.550 |
|
(b) Reserves & Surplus |
405.208 |
350.007 |
309.021 |
|
(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) |
449.758 |
394.557 |
353.571 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
291.532 |
283.283 |
238.067 |
|
(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) |
291.532 |
283.283 |
238.067 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
127.721 |
133.662 |
147.807 |
|
(b) Trade
payables |
800.325 |
774.905 |
488.440 |
|
(c) Other
current liabilities |
18.664 |
12.479 |
13.586 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
946.710 |
921.046 |
649.833 |
|
|
|
|
|
|
TOTAL |
1688.000 |
1598.886 |
1241.471 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
725.062 |
616.791 |
470.237 |
|
(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 |
2.245 |
2.245 |
2.245 |
|
(c) Deferred tax assets (net) |
0.077 |
0.077 |
0.077 |
|
(d)
Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
727.384 |
619.113 |
472.559 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
344.524 |
336.712 |
311.042 |
|
(c) Trade
receivables |
390.138 |
409.527 |
233.899 |
|
(d) Cash
and cash equivalents |
105.630 |
84.750 |
104.373 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
120.324 |
148.784 |
119.598 |
|
Total
Current Assets |
960.616 |
979.773 |
768.912 |
|
|
|
|
|
|
TOTAL |
1688.000 |
1598.886 |
1241.471 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3164.950 |
2095.542 |
2415.656 |
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
TOTAL |
3164.950 |
2095.542 |
2415.656 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3000.376 |
1968.924 |
2400.986 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(58.628) |
(10.341) |
(161.380) |
|
|
Employee benefit expense |
39.046 |
32.255 |
34.719 |
|
|
Other expenses |
96.446 |
43.154 |
60.389 |
|
|
TOTAL |
3077.240 |
2033.992 |
2334.714 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
87.710 |
61.550 |
80.942 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
21.065 |
11.349 |
25.265 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
66.645 |
50.201 |
55.677 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
11.444 |
9.143 |
6.918 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
55.201 |
41.058 |
48.759 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
55.201 |
41.058 |
48.759 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
12.39 |
9.22 |
10.94 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
159.352 |
116.423 |
138.582 |
|
Net cash flows from (used in) operating activities |
159.352 |
116.423 |
138.582 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Operating Income * 365 Days) |
1623.54 |
2428.55 |
1054.74 |
|
|
|
|
|
|
Account Receivables Turnover (Operating Income / Sundry Debtors) |
0.22 |
0.15 |
0.35 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
97.36 |
143.65 |
74.25 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.25 |
0.18 |
0.26 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.12 |
0.10 |
0.17 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.73 |
0.75 |
0.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.93 |
1.06 |
1.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.10 |
2.33 |
1.84 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.61 |
1.56 |
1.33 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.16 |
5.42 |
3.20 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
1.74 |
1.96 |
2.02 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.27 |
2.57 |
3.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.27 |
10.41 |
13.79 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.01 |
1.06 |
1.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.65 |
0.70 |
0.70 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.27 |
0.25 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.41 |
9.36 |
8.66 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.01 |
1.06 |
1.18 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
44.550 |
44.550 |
44.550 |
|
Reserves & Surplus |
309.021 |
350.007 |
405.208 |
|
Net
worth |
353.571 |
394.557 |
449.758 |
|
|
|
|
|
|
Long-term borrowings |
238.067 |
283.283 |
291.532 |
|
Short term borrowings |
147.807 |
133.662 |
127.721 |
|
Total
borrowings |
385.874 |
416.945 |
419.253 |
|
Debt/Equity
ratio |
1.091 |
1.057 |
0.932 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2415.656 |
2095.542 |
3164.950 |
|
|
|
(13.252) |
51.033 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2415.656 |
2095.542 |
3164.950 |
|
Profit/ (Loss) |
48.759 |
41.058 |
55.201 |
|
|
2.02
% |
1.96
% |
1.74
% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL INFORMATION ABOUT
COMPANY [AS ON 2016]
The company was incorporated in 1995. The company started with a low profile with the efforts of Sh. Sudhir Kr. Agarwal and Sh. Suresh Kr. Agarwal under the able guidance of their father Sh. Hari Prasad Agarwal. The company focused on quality production, reputed customers, assured recoveries and credibility among the suppliers. The company started with manufacturing of paper insulated copper strips and copper wires. In 2009-10, the company embarked upon the project of expansion for manufacturing of Copper Bus Bar and Overhead Contact Wire to be used by Automobile Industry, Switchgear Manufacturers and Railways, respectively. The company now proposes to manufacture copper sheets and foils along with extruded copper products. The company’s policy of selling the goods ab-initio has been on cash/ letter of credit basis. Of late, with the pressure of the customers, the company has started supplying the goods against Bank Guarantee. The company has recently arranged the channel financing to a few customers to facilitate them to purchase the goods from the company at credit but making the payment to the company on instant basis. Thus the company is able to maintain cash liquidity in the system.
STATE OF THE COMPANY AFFAIRS [AS ON 2016]
During the year the company earned Net Profit of INR 55.201 million (P.Y. Net profit was INR 41.058 million). Other affairs of the company are described in the Report in detail.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
62.500 |
62.500 |
|
|
|
|
|
Total |
62.500 |
62.500 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C48212468 |
10557848 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
30/03/2015 |
- |
- |
40000000.0 |
FIRST FLOOR, JEEVAN NIDHI BUILDING-IILIC COMPLEX, BHAWANI SINGH ROAD, AMBEDKAR CIRCLE JAIPUR RJ302005IN |
|
2 |
C48293807 |
10557982 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
30/03/2015 |
- |
- |
50000000.0 |
FIRST FLOOR, JEEVAN NIDHI BUILDING-IILIC COMPLEX, BHAWANI SINGH ROAD, AMBEDKAR CIRCLEJAIPURRJ302005IN |
|
3 |
B29006350 |
10217453 |
BANK OF BARODA |
15/04/2010 |
09/11/2011 |
- |
289000000.0 |
VKI AREA BRANCHJAIPURRJ302001IN |
|
4 |
G35227933 |
10212740 |
UNION BANK OF INDIA |
25/03/2010 |
06/01/2017 |
- |
2573600000.0 |
M.I. ROAD BRANCH ALLAHABUX BUILDING, 1ST FLOOR, M.I. ROAD JAIPUR RJ302001IN |
|
5 |
B76694199 |
10271413 |
STATE BANK OF INDIA |
26/02/2011 |
- |
07/06/2013 |
1180000.0 |
S M E C C C SANGANERI GATE JAIPUR RJ302003IN |
|
6 |
B04812475 |
80061950 |
PUNJAB NATIONAL BANK |
22/03/2006 |
- |
31/01/2011 |
795000.0 |
SSI BRANCHVKI AREAJAIPURRJ302018IN |
|
7 |
A83708016 |
80007063 |
PUNJAB NATIONAL BANK |
22/03/2006 |
10/08/2009 |
03/04/2010 |
382500000.0 |
SSI BRANCH VKI AREA JAIPUR RJ302013IN |
|
8 |
A83707398 |
80007054 |
PUNJAB NATIONAL BANK |
22/03/2006 |
07/07/2006 |
03/04/2010 |
164100000.0 |
VKI AREA JAIPUR RJ302003IN |
|
9 |
A83707794 |
10039156 |
PUNJAB NATIONAL BANK |
10/01/2007 |
- |
03/04/2010 |
100000000.0 |
MID CORPORATE BRANCH M.I. ROAD JAIPUR RJ302001IN |
|
10 |
A58190364 |
80052313 |
UNION BANK OF INDIA |
11/10/2005 |
- |
14/03/2009 |
10000000.0 |
M.I. ROAD JAIPUR RJ302001IN |
FIXED ASSETS:
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· 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 65.04 |
|
|
1 |
INR 90.56 |
|
Euro |
1 |
INR 79.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
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.