|
|
|
MIRA
INFORM REPORT
|
Report No. : |
497386 |
|
Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
BHADRASHREE STEEL AND POWER LIMITED |
|
|
|
|
Registered
Office : |
2/37,
4th Floor, Ansari Road, Daryaganj, New Delhi – 110 002 |
|
Mobile No. : |
91-9538863202 (Mr. Noor Ahmed) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
24.11.2004 |
|
|
|
|
Com. Reg. No.: |
55-130754 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 67.111 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27106DL2004PLC130754 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB5066E |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AACCB5066E1ZX |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The
Company is engaged in the business of manufacturing and sponge iron trading
of mild steel sections and other steel parts, coal (Registered Activity and Confirmed by
management) |
|
|
|
|
No. of Employees
: |
125 (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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2004. It is manufacturer of sponge
iron. For the financial year ended 2017, the company has reported dip in its
revenue by 0.37% as compared to the previous year along with a low profit
margin of 0.57%. The satisfactory financial risk profile of the company is marked by
adequate networth along with negligible debt balance sheet profile. Rating strengths are partially offset by the continuous decline in
operating margin and susceptibility of profitability to raw material prices. Payment seems to be slow but 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term borrowing : BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
04.10.2017 |
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 21.03.2018
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. Noor Ahmed |
|
Designation : |
Accountant |
|
Contact No.: |
91-9538863202 |
|
Date : |
20.03.2018 |
LOCATIONS
|
Registered Office : |
2/37,
4th Floor, Ansari Road, Daryaganj, New Delhi – 110 002, India |
|
Tel. No. : |
Not Available |
|
Mobile No. : |
91-9538863202 (Mr. Noor Ahmed) |
|
Fax No. : |
Not Available |
|
E-Mail : |
|
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Corporate Office : |
‘Anand Nilaiya’, Jain Colony Near Baldota New Park, Hospet – 583201,
Karnataka, India |
|
Tel. No. : |
91-8394-321144/ 320808 |
|
|
|
|
Branch Office : |
1st Cross, Prashanthi Nilaya, Gavishree Nagar, Koppal, Karnataka,
India |
|
|
|
|
Factory : |
Survey No.108, 109, 114 and 116, Village Kunikeri, District Koppal,
Karnataka, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Mukesh Kumar Goel |
|||||||||||||
|
Designation : |
Whole-time Director |
|||||||||||||
|
Address : |
310, Patel Nagar, New Mandi, Muzaffar Nagar - 251001, Uttar Pradesh,
India |
|||||||||||||
|
Date of Birth/Age : |
13.08.1967 |
|||||||||||||
|
Date of Appointment : |
24.11.2004 |
|||||||||||||
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DIN No.: |
00777017 |
|||||||||||||
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Other
Directorship:
|
||||||||||||||
|
|
|
|||||||||||||
|
Name : |
Mr. Mudit Goel |
|||||||||||||
|
Designation : |
Whole-time Director |
|||||||||||||
|
Address : |
310-Patel Nagar, New Mandi, Muzaffar Nagar - 251001, Uttar Pradesh,
India |
|||||||||||||
|
Date of Birth/Age : |
26.08.1984 |
|||||||||||||
|
Date of Appointment : |
01.06.2010 |
|||||||||||||
|
DIN No.: |
02010550 |
|||||||||||||
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Other
Directorship:
|
||||||||||||||
|
|
|
|||||||||||||
|
Name : |
Mr. Piyush Kumar |
|||||||||||||
|
Designation : |
Director |
|||||||||||||
|
Address : |
G-1, Vivek Apartment, Srestha Vihar, Delhi - 110092, India |
|||||||||||||
|
Date of Birth/Age : |
30.05.1961 |
|||||||||||||
|
Date of Appointment : |
28.08.2015 |
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DIN No.: |
02620525 |
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Other
Directorship:
|
||||||||||||||
|
|
|
|||||||||||||
|
Name : |
Mr. Mohd Rashidiqbal |
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|
Designation : |
Director |
|||||||||||||
|
Address : |
223, Khalapar, Muzaffar Nagar - 251001, Uttar Pradesh, India |
|||||||||||||
|
Date of Birth/Age : |
20.08.1964 |
|||||||||||||
|
Date of Appointment : |
28.08.2015 |
|||||||||||||
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DIN No.: |
05233242 |
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Other
Directorship:
|
||||||||||||||
|
|
|
|||||||||||||
|
Name : |
Mrs. Suchitra Goel |
|||||||||||||
|
Designation : |
Director |
|||||||||||||
|
Address : |
310, Patel Nagar, New Mandi, Muzaffar Nagar - 251001, Uttar Pradesh,
India |
|||||||||||||
|
Date of Birth/Age : |
11.01.1973 |
|||||||||||||
|
Date of Appointment : |
11.09.2017 |
|||||||||||||
|
DIN No.: |
06396075 |
|||||||||||||
|
Other Directorship :
|
||||||||||||||
|
|
|
|||||||||||||
|
Name : |
Mr. Amit Kumar Agarwal |
|||||||||||||
|
Designation : |
Additional Director |
|||||||||||||
|
Address : |
3-6-472/18, Heritage Apartment F-18 Himayath Nagar Si-5, Near Lakshmi
Hyundai Show Room, Hyderabad-500029, Telangana, India |
|||||||||||||
|
Date of Appointment : |
10.01.2018 |
|||||||||||||
|
DIN No.: |
07980324 |
|||||||||||||
|
Other Directorship :
|
||||||||||||||
KEY EXECUTIVES
|
Name : |
Mrs. Prerna Mehta |
|
Designation : |
Company Secretary |
|
Address : |
30, Subhash Nagar, Udaipur - 313001, Rajasthan, India |
|
Date of Appointment : |
01.10.2016 |
|
PAN No.: |
BCKPM8522J |
|
|
|
|
Name : |
Mr. Noor Ahmed |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
12.25 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
39.57 |
|
Public/Other than promoters (Body corporate) |
45.70 |
|
Public/Other than promoters [Others - (Other Enterprises)] |
2.47 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The
Company is engaged in the business of manufacturing and sponge iron trading
of mild steel sections and other steel parts, coal (Registered Activity and Confirmed by
management) |
||||
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|
Products / Services
: |
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||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
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||||
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Imports : |
|
||||
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Products : |
Coal |
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|
Countries : |
·
South Africa ·
Indonesia |
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|
||||
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Terms : |
|
||||
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Selling : |
Advance Payment, L/C, Cheque |
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|
||||
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Purchasing : |
Advance Payment, L/C, Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users, OEM’s
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No. of Employees : |
125 (Approximately) |
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|
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Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India · Union Bank of India, 10184, Arya Samaj Road, Karol Bagh, New Delhi-110005, India |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Shah and Taparia Chartered Accountants |
|
Address : |
53/27, Ramjas Road, Karol Bagh, New Delhi-110005, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAOFS0663D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Cone Craft Paper Private Limited CIN No.: U21015DL1996PTC082831 |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6711149 |
Equity Shares |
INR 10/- each |
INR 67.111 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 |
67.111 |
67.111 |
67.111 |
|
(b) Reserves and Surplus |
192.955 |
186.392 |
179.969 |
|
(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) |
260.066 |
253.503 |
247.080 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
36.484 |
32.221 |
72.285 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.142 |
2.366 |
|
(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) |
36.484 |
32.363 |
74.651 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
108.505 |
120.452 |
120.717 |
|
(b) Trade
payables |
95.230 |
78.294 |
67.542 |
|
(c) Other
current liabilities |
7.128 |
42.889 |
8.339 |
|
(d) Short-term
provisions |
5.063 |
5.629 |
6.583 |
|
Total Current
Liabilities (4) |
215.926 |
247.264 |
203.181 |
|
|
|
|
|
|
TOTAL |
512.476 |
533.130 |
524.912 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
135.976 |
154.965 |
183.902 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
1.506 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
17.741 |
14.356 |
13.793 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
155.223 |
169.321 |
197.695 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
173.901 |
160.824 |
166.513 |
|
(c) Trade
receivables |
128.630 |
144.303 |
86.032 |
|
(d) Cash and
bank balances |
3.775 |
1.959 |
20.663 |
|
(e)
Short-term loans and advances |
45.303 |
48.460 |
45.088 |
|
(f) Other
current assets |
5.644 |
8.263 |
8.921 |
|
Total
Current Assets |
357.253 |
363.809 |
327.217 |
|
|
|
|
|
|
TOTAL |
512.476 |
533.130 |
524.912 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1146.917 |
1151.158 |
1319.065 |
|
|
Other Income |
11.477 |
43.251 |
6.284 |
|
|
TOTAL |
1158.394 |
1194.409 |
1325.349 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
589.152 |
734.166 |
903.541 |
|
|
Purchases of
Stock-in-Trade |
444.922 |
385.690 |
290.323 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
24.543 |
(27.643) |
10.384 |
|
|
Employee benefit expense |
17.975 |
16.086 |
15.604 |
|
|
Other expenses |
28.840 |
25.376 |
35.662 |
|
|
TOTAL |
1105.432 |
1133.675 |
1255.514 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
52.962 |
60.734 |
69.835 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
16.174 |
19.915 |
22.277 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
36.788 |
40.819 |
47.558 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
26.810 |
30.964 |
37.354 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
9.978 |
9.855 |
10.204 |
|
|
|
|
|
|
|
Less |
TAX |
3.414 |
3.405 |
3.507 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
6.564 |
6.450 |
6.697 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.98 |
0.96 |
0.99 |
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 |
29.995 |
21.070 |
10.204 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
40.94 |
45.75 |
23.81 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.92 |
7.98 |
15.33 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
33.61 |
25.52 |
20.65 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.30 |
0.38 |
0.42 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.39 |
0.39 |
0.38 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.49 |
0.52 |
0.52 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.56 |
0.60 |
0.78 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.83 |
0.98 |
0.82 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.52 |
0.61 |
0.74 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.27 |
3.05 |
3.13 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.57 |
0.56 |
0.51 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.28 |
1.21 |
1.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.52 |
2.54 |
2.71 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.65 |
1.47 |
1.61 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.85 |
0.82 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.51 |
0.48 |
0.47 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.16 |
2.27 |
2.88 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.65 |
1.47 |
1.61 |
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 |
67.111 |
67.111 |
67.111 |
|
Reserves & Surplus |
179.969 |
186.392 |
192.955 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
247.080 |
253.503 |
260.066 |
|
|
|
|
|
|
long-term borrowings |
72.285 |
32.221 |
36.484 |
|
Short term borrowings |
120.717 |
120.452 |
108.505 |
|
Total
borrowings |
193.002 |
152.673 |
144.989 |
|
Debt/Equity
ratio |
0.781 |
0.602 |
0.558 |
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 |
1319.065 |
1151.158 |
1146.917 |
|
|
|
(12.729) |
(0.368) |
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 |
1319.065 |
1151.158 |
1146.917 |
|
Profit |
6.697 |
6.450 |
6.564 |
|
|
0.51
% |
0.56
% |
0.57
% |
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 |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 4638/21, Upper Ground Floor, Ansari Road, Daryaganj, New Delhi-110002, India to the present address w.e.f. 20.08.2012
GENERAL INFORMATION
The Company is a registered Public Limited Company. It was incorporated on 24.11.2004 under Companies Act. 1956. The Company is primarily engaged in the manufacturing of Sponge Iron
STATE OF AFFAIRS
The revenue from operations has decreased by approx. 0.37% from INR 1151.158 Million to INR 1146.917 Million during the year. The Net Profit has increased approx 1.77% from Net Profit of INR 6.450 Million to the Net Profit of INR 6.564 Million.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
32.570 |
29.116 |
|
Total |
32.570 |
29.116 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G76450337 |
100153418 |
HDFC BANK LIMITED |
25/01/2018 |
- |
- |
210000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
G62557699 |
10169013 |
UNION BANK OF INDIA |
29/06/2009 |
23/02/2015 |
23/10/2017 |
175200000.0 |
10184 ARYA SAMAJ ROAD KAROL BAGH NEW DELHI 110005 INDIA |
|
3 |
G62558440 |
10169014 |
UNION BANK OF INDIA |
29/06/2009 |
- |
23/10/2017 |
25000000.0 |
ARYA SAMAJ ROAD KAROL BAGH NEW DELHI 110005 INDIA |
FIXED ASSETS
·
Factory building
·
Furniture and fixtures
·
Office equipment
·
Computer equipment’s
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 65.20 |
|
UK Pound |
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·