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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

498358

Report Date :

23.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

BALAJEE LOHA LIMITED (w.e.f 11.06.2014)

 

 

Formerly Known As :

BALAJEE LOHA PRIVATE LIMITED

 

 

Registered Office :

Bajrang Nagar, Near Agrasen Chowk, Raipur-492001, Chhattisgarh

Tel. No.:

91-771-4017370

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

17.01.1989

 

 

Com. Reg. No.:

10-005016

 

 

Capital Investment / Paid-up Capital :

INR 52.700 Million

 

 

CIN No.:

[Company Identification No.]

U27106CT1989PLC005016

 

 

IEC No.:

[Import-Export Code No.]

Not Applicable (As informed by the management that firm does not have export and import)

 

 

GSTN :

[Goods & Service Tax Registration No.]

22AABCB0068M1ZX

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

TIN No:

22351901426

 

 

PAN No.:

[Permanent Account No.]

AABCB0068M

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

·         The company is engaged in the manufacturing and Supplier of Re rolled products and M.S. Angle, M.S. Channel, TMT Bars, and Ingot Billets its related products. (Registered Activity)

·         Manufacturer and supplier of all types of structured steel C Beam Channel Angle, M.S. Plate, H. R. Sheet, C. R. Sheet, G. p. Sheet, G. C. Sheet Coil. (Confirmed by management)

 

 

No. of Employees :

120 (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 :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 1989. It is a manufacturer and supplier of structural steel, flat steel and reinforcement steel.

 

Reliance Industries Limited, Ultratech Cement Limited, Grasim Industries Limited, Aster Teleservices Private Limited, M.P. Madhya Kheshtra Vidhyot Vitran Co. Limited, etc. are some of the clients of the subject.

 

For the financial year ended 2017, the company has achieved a favourable growth of 15.93% in its revenue as compared to the previous year’s revenue and has gained a low net profit margin of 0.20%.

 

The healthy financial position of the company is reflected by above average networth base along with low debt balance sheet profile.

 

Business is active. Payment seems to be slow but 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

CRISIL

Rating

Long Term Loans = BB (Issue not operating)

Rating Explanation

Moderate risk of default

Date

14.07.2017

 

 

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 23.03.2018

 

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. Anup

Designation :

Marketing Head

Contact No.:

91-8889759991

Date :

20.03.2018

 

 

LOCATIONS

 

Registered Office :

Bajrang Nagar, Near Agrasen Chowk, Raipur-492001, Chhattisgarh, India

Tel. No.:

91-771-4017370

Mobile No.:

91-8889759991 (Mr. Anup)

Fax No.:

Not Available

E-Mail :

balajeegroup@yahoo.co.in

marketing@concretetmt.com

Website :

www.balajeegroup.com

http://www.balajeegroupindia.com

 

 

Factory :

239/248 B, Sector-C, Urla Industrial Area, Raipur - 493221, Chhattisgarh, India

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Suresh Kumar Agarwal

Designation :

Director

Address :

11, Jalashay Marg, Choubey Colony, Raipur-492001, Chhattisgarh, India

Date of Birth/Age :

21.04.1965

Qualification :

Graduate

Date of Appointment :

17.01.1989

PAN No.:

ACOPA7881M

DIN No.:

00182991

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U27106CT1985PLC002989

SHREE HANUMAN LOHA LIMITED

20/06/2014

-

U27106CT2000PLC014067

BALAJEE STRUCTURAL(INDIA) LIMITED

25/02/2000

-

U85300CT2015NPL001730

LILAWATI DEVI BHAGWAN DAS DHARMADA SEWA SANSTHAN

23/04/2015

-

 

 

Name :

Mr. Mamanram Agarwal

Designation :

Director

Address :

Central Avenue Marge, A-F-4, Choubey Colony, Raipur-492001, Chhattisgarh, India

Date of Birth/Age :

14.05.1960

Qualification :

Graduate

Date of Appointment :

17.01.1989

PAN No.:

AAJPA2701P

DIN No.:

00200162

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U85300CT2015NPL001730

LILAWATI DEVI BHAGWAN DAS DHARMADA SEWA SANSTHAN

23/04/2015

-

Name :

Mr. Ankit Jindal

Designation :

Director

Address :

H. No 11, Jindal House, Choubey Colony, Raipur-492001, Chhattisgarh, India

Date of Birth/Age :

23.02.1991

Date of Appointment :

09.05.2014

DIN No.:

05254156

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U27106CT1994PTC008616

SHREE HANUMAN METALICS (INDIA) PRIVATE LIMITED

12/04/2012

-

U27104CT2005PTC017569

SETH BANSHIDHAR KEDIA STEEL PRIVATE LIMITED (CHAPTER-IX)

12/04/2012

-

 

 

Name :

Mr. Raj Roop Singh

Designation :

Director

Address :

LA 6, Padum Nagar, Charoda, Bhilai Durg - 490021, Chhattisgarh, India

Date of Appointment :

28.02.2015

DIN No.:

07106601

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U27106CT2000PLC014067

BALAJEE STRUCTURAL(INDIA) LIMITED

07/11/2016

-

 

 

Name :

Mr. Manish Agrawal

Designation :

Director

Address :

Jalasay Marg, Choubey Colony, Raipur-492001, Chhattisgarh, India

Date of Appointment :

05.08.2015

DIN No.:

07255892

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U27106CT1985PLC002989

SHREE HANUMAN LOHA LIMITED

05/08/2015

-

U27106CT2000PLC014067

BALAJEE STRUCTURAL(INDIA) LIMITED

05/08/2015

-

 

 

KEY EXECUTIVES

 

Name :

Mr. Anup

Designation :

Marketing Head

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2017

 

SHAREHOLDING FILE ATTACHED

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2017

 

Category

Percentage

Promoters- Individual/Hindu Undivided Family- Indian

4.08

Promoters- Body corporate

71.77

Public/Other than promoters - Body corporate

24.15

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

·         The company is engaged in the manufacturing and Supplier of Re rolled products and M.S. Angle, M.S. Channel, TMT Bars, and Ingot Billets its related products. (Registered Activity)

·         Manufacturer and supplier of all types of structured steel C Beam Channel Angle, M.S. Plate, H. R. Sheet, C. R. Sheet, G. p. Sheet, G. C. Sheet Coil. (Confirmed by management)

 

 

Products / Services :

Name and Description of main products / services

NIC Code of the Product/service

Manufacturing of M.S. Angle, M.S. Channel, TMT Bars, and Ingot Billets.

217

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

Selling :

Cash, L/C, Cheque and Credit (30 Days)

 

 

Purchasing :

Cash, L/C, Cheque and Credit (30 Days)

 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

GKC Project Limited

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

(From Indirect Source)

Wholesalers, Retailers, End Users

 

  • Jindal Steel and Power Limited
  • Monnet Ispat and Energy Limited
  • JSW Steels Limited (Project Division)
  • Reliance Industries Limited
  • Sharda Energy and minerals Limited
  • Grasim Industries Limited
  • Lafarge India Limited
  • Tata Steels Limited
  • Paschim Gujrat Vij Company Limited
  • Ultra Tech Cement Limited
  • Hindustan Zince Limited
  • Madhya Gujrat Vij Company Limited
  • Gujrat Energy Transmission Corporation Limited
  • Uttar Gujrat Vij Company Limited
  • Maharashtra State Electricity Transmission Co. Limited
  • Maharashtra State Electricity Distribution Co. Limited
  • Chhattisgarh State Electricity Board
  • M.P. Purva Kheshtra Vidhyot Vitran Co. Limited
  • M.P. Madhya Kheshtra Vidhyot Vitran Co. Limited
  • M.P. Power Generation Co. Limited
  • New Swadeshi Sugar Mills.
  • Steel Products Limited
  • Stork Ferrous and Alloys
  • Prem Prakash Tubes Limited
  • Adani Group
  • Hira Ferro Aloys Limited
  • Aster Teleservices Private Limited

Reference :

Jyoti Structure

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

120 (Approximately)

 

 

Bankers :

Banker Name :

Punjab National Bank

Branch :

Main Branch (Raipur), Chhattisgarh, India

Person Name (With Designation) :

--

Contact Number :

91-771-2535546 (Continuously ringing)

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

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

CC = INR 15.000 Million (Not Confirmed from Bank)

Account Operation :

--

Remark :

--

 

 

Facilities :

(INR In Million)

SECURED LOAN

As on

31.03.2017

As on

31.03.2016

SHORT TERM BORROWING

 

 

Working capital loans from banks

135.025

127.117

Total

135.025

146.217

 

 

Auditors :

 

Name :

R.K Singhania and Associates

Chartered Accountants

Address :

205, 1st Floor, Samta Colony, Raipur, Chhattisgarh, India

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

AAGFR3093N

 

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Enterprises which are

owned, have significant

influence are partners

with Key management

personnel their relatives:
  • Balajee Realinfra Private Limited

[U27101CT1996PTC010800]

 

  • Balajee Structural(India) Limited

[U27106CT2000PLC014067]

 

  • Balajee Commercial Company

 

  • Balajee Steels Industries

 

  • Shree Hanuman Loha Limited

[U27106CT1985PLC002989]

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2017

 

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

 

 

 

 

5270000

Equity Shares

INR 10/- each

INR 52.700 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

52.700

52.700

52.700

(b) Reserves & Surplus

283.347

278.546

273.705

(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)

336.047

331.246

326.405

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

4.200

22.769

36.689

(b) Deferred tax liabilities (Net)

5.292

4.165

4.192

(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)

9.492

26.934

40.881

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

135.025

127.117

79.292

(b) Trade payables

17.451

11.289

14.888

(c) Other current liabilities

71.957

189.968

180.169

(d) Short-term provisions

7.518

0.297

0.523

Total Current Liabilities (4)

231.951

328.671

274.872

 

 

 

 

TOTAL

577.490

686.851

642.158

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

185.391

198.845

209.257

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.723

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

64.486

62.797

42.538

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

250.600

261.642

251.795

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

139.880

240.797

189.996

(c) Trade receivables

106.285

152.742

170.297

(d) Cash and cash equivalents

1.787

2.081

1.815

(e) Short-term loans and advances

69.936

17.027

22.511

(f) Other current assets

9.002

12.562

5.744

Total Current Assets

326.890

425.209

390.363

 

 

 

 

TOTAL

577.490

686.851

642.158

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

2342.003

2020.226

2473.831

 

Other Income

0.507

1.039

0.428

 

TOTAL

2342.510

2021.265

2474.259

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

1654.588

1573.503

2050.305

 

Purchases of Stock-in-Trade

80.119

4.527

0.000

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

74.781

(41.444)

(12.190)

 

Employees benefits expense

15.822

21.998

22.392

 

Other expenses

470.614

413.059

363.120

 

TOTAL

2295.924

1971.643

2423.627

 

 

 

 

 

 

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

46.586

49.622

50.632

 

 

 

 

 

Less

FINANCIAL EXPENSES

7.847

9.641

13.857

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

38.739

39.981

36.775

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

31.735

35.157

32.336

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

7.004

4.824

4.439

 

 

 

 

 

Less

TAX

2.203

(0.017)

1.472

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

4.801

4.841

2.967

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

0.91

0.92

0.68

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

0.000

15.000

12.000

Cash generated from operations

38.077

0.262

50.900

Net cash flows from (used in) operations

38.077

0.262

50.900

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

16.56

27.60

25.13

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

22.04

13.23

14.53

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

3.67

2.61

2.65

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.33

0.21

0.27

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.25

0.25

0.24

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.41

0.51

0.49

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.41

0.45

0.36

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.69

0.99

0.84

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.55

0.60

0.64

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

5.94

5.15

3.65

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

0.20

0.24

0.12

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

0.83

0.70

0.46

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

1.43

1.46

0.91

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.41

1.29

1.42

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.81

0.56

0.73

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.58

0.48

0.51

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

2.64

2.84

2.20

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.41

1.29

1.42

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are 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

52.700

52.700

52.700

Reserves & Surplus

273.705

278.546

283.347

Net worth

326.405

331.246

336.047

 

 

 

 

long-term borrowings

36.689

22.769

4.200

Short term borrowings

79.292

127.117

135.025

Total borrowings

115.981

149.886

139.225

Debt/Equity ratio

0.355

0.452

0.414

 

 

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

2473.831

2020.226

2342.003

 

 

(18.336)

15.928

 

 

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

2473.831

2020.226

2342.003

Profit/(Loss)

2.967

4.841

4.801

 

0.12%

0.24%

0.20%

 

 

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

Yes

17

Details of sister concerns

Yes

18

Major suppliers

Yes

19

Major customers

Yes

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 “Dadabadi, M.G Road, Raipur, Chandigarh, India’ to the present address.

 

 

COMPANY OVERVIEW

 

The company is engaged in the manufacturing of Re rolled products and Ingot, Billet and its related products. The company is a domestic public limited company having its registered office and factory in Raipur, Chhattisgarh.

 

 

UNSECURED LOANS:

 

Particulars

31.03.2017

INR In Million

31.03.2016

INR In Million

LONG TERM BORROWINGS

 

 

Loans and advances from related parties

4.200

22.769

Total

4.200

22.769

 

 

INDEX OF CHARGE:

 

SNO

SRN

CHARGE ID

CHARGE HOLDER NAME

DATE OF CREATION

DATE OF MODIFICATION

DATE OF SATISFACTION

AMOUNT

ADDRESS

1

G02765121

10101588

PUNJAB NATIONAL BANK

31/03/2008

31/03/2016

-

88000000.0

MAIN BRANCHMOTIBAGH CHOWKRAIPURCT492001IN

2

G40389215

90204761

STATE BANK OF INDIA

14/02/1991

30/08/1993

25/03/2017

5000000.0

RAIPURRAIPURMPIN

3

G40391856

90207068

STATE BANK OF INDIA

22/01/1990

-

25/03/2017

3400000.0

RAIPURRAIPURMPIN

4

G40390759

90207155

STATE BANK OF INDIA

14/02/1991

14/11/1995

25/03/2017

5000000.0

RAIPURRAIPURMPIN

5

G39450770

10447589

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

04/09/2013

-

01/03/2017

59020000.0

II FLOOR, CHAWLA COMPLEX,SAI NAGAR,RAIPURCT492001IN

6

B92025675

90201371

MADHYA PRADESH FINANCIAL CORPORATION

04/05/1989

30/08/1993

29/11/2013

2000000.0

BOMBAY AGRA ROADFINANCE HOMEINDOREMPIN

7

B92034198

90204813

MADHYA PRADESH FINANCIAL CORPORATION

05/03/1992

-

29/11/2013

137865.0

INDOREINDOREMPIN

 

 

FIXED ASSETS:

 

·         Land

·         Building

·         Plant and equipment

·         Factory equipment

·         Furniture and Fixtures

·         Vehicles

·         Computer Equipment

·         Other 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

INR

US Dollar

1

INR 65.06

UK Pound

1

INR 92.06

Euro

1

INR 80.37

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRI

 

 

Analysis Done by :

NIY

 

 

Report Prepared by :

NKTS

 

 

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)

 

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.