|
|
|
MIRA
INFORM REPORT
|
Report No. : |
498480 |
|
Report Date : |
23.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SRI NAVDURGA BILLETS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
21-1-686, Rikab Gunj, Hyderabad-500002, Telangana |
|
Tel. No.: |
91-40-65533100 |
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|
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|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of Incorporation
: |
13.09.2007 |
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|
|
|
Com. Reg. No.: |
36-055497 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 15.462 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109TG2007PTC055497 |
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|
|
IEC No.: |
0910019134 |
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|
GST No.: |
36AALCS1909A1ZM |
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TIN No.: |
36725544270 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AALCS1909A |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject’s main business is Manufacturer of TMT Bars. (Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 249000 |
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|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject
was incorporated in the year 2007 and is a manufacturer of TMT Bars. As per
financials of March 2017, the company has registered a growth of 5.07% in its
revenue as compared to its previous year’s revenue and has reported minimal
profit margin of 0.79%. Rating
takes into consideration the company’s satisfactory track record of business
operations marked by sound capital base along with average debt coverage
indicators and decent liquidity position. However,
rating strength is partially offset by its presence in highly competitive and
huge working capital requirement steel industry. Payments
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
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 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 DECLINED BY
|
Name : |
Mr. Hardeen |
|
Designation : |
General Manager |
|
Contact No.: |
91-9505505977 |
|
Date : |
19.03.2017 |
|
|
|
|
Name : |
Mr. Vinod |
|
Designation : |
Accountant |
|
Contact No.: |
91-9505505964 |
|
Date : |
19.03.2017 |
[91-40-66633106] Continuously ringing
[91-40-65533100] Incorrect number
LOCATIONS
|
Registered Office : |
21-1-686, Rikab Gunj, Hyderabad-500002, Telangana, India |
|
Tel. No.: |
91-40-66633106/ 24416214 |
|
Mobile No.: |
91-9505505977 [Mr. Hardeen] 91-9505505964 [Mr. Vinod] |
|
Fax No.: |
91-40-24416124 |
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E-Mail : |
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Website : |
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Factory |
Motighanpur (V), Balanagar (Mdl), Mahabubnagar - 509202, Telangana,
India |
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|
|
|
Branch Offices: |
· 21-1-820, Patel Market, Hyderabad - 500 002, Telangana, India Tel. No.: 91-40 -66633100 Fax No.: 91-40-66632100 · 8-2-682/1, 3rd Floor Landmark Banjara, Road No - 12, Banjara Hills Hyderabad-500034, Telangana, India Tel. No.: 91-40-23357702 / 23357729 Fax No.: 91-40-23357703 · Tobacco Bazar, Secunderabad - 500 003, Telangana, India Tel. No.: 91-40-27812140 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Shashikant Agarwal |
||||||||||||
|
Designation : |
Managing Director |
||||||||||||
|
Address : |
8-2-684/3/1, Road No.12, Banjara Hills, Hyderabad-500001, Telangana, India |
||||||||||||
|
Date of Birth/Age : |
17.09.1972 |
||||||||||||
|
Date of Appointment : |
30.05.2008 |
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DIN No.: |
01529100 |
||||||||||||
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|
||||||||||||
|
Name : |
Mr. Chandrakant Agrawal |
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|
Designation : |
Director |
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|
Address : |
8-2-684/3/1, Road No.12, Banjara Hills, Hyderabad-500034, Telangana, India |
||||||||||||
|
Date of Birth/Age : |
21.07.1951 |
||||||||||||
|
Date of Appointment : |
13.09.2007 |
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DIN No.: |
01483264 |
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Other Directorship:
|
|||||||||||||
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|
||||||||||||
|
Name : |
Mr. Mahesh Kumar Agarwal |
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|
Designation : |
Director |
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|
Address : |
21-1-686, Rikab Gunj, Hyderabad-500001, Telangana, India |
||||||||||||
|
Date of Birth/Age : |
03.04.1959 |
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Date of Appointment : |
13.09.2007 |
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DIN No.: |
01096609 |
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Other Directorship:
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|||||||||||||
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|
||||||||||||
|
Name : |
Mr. Sachin Kumar Agarwal |
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|
Designation : |
Director |
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|
Address : |
8-2-684/3/2, Road No.12, Banjara Hills, Hyderabad-500034, Telangana, India |
||||||||||||
|
Date of Birth/Age : |
14.03.1979 |
||||||||||||
|
Date of Appointment : |
10.12.2007 |
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PAN No.: |
ADFPK5369N |
||||||||||||
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DIN No.: |
01805570 |
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|
|
||||||||||||
|
Name : |
Mr. Rishikant Agarwal |
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|
Designation : |
Director |
||||||||||||
|
Address : |
21-1-686, Next To Hariprasad Hospital, Rikab Gunj, Hyderabad-500002, Telangana, India |
||||||||||||
|
Date of Birth/Age : |
12.05.1977 |
||||||||||||
|
Date of Appointment : |
05.10.2012 |
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PAN No.: |
ABDPR7576E |
||||||||||||
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DIN No.: |
02218146 |
||||||||||||
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Other Directorship:
|
|||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Hardeen |
|
Designation : |
General Manager |
|
|
|
|
Name : |
Mr. Vinod |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
NOTE: SHAREHOLDING DETAIL FILE ATTACHED
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
64.41 |
|
Promoters (Body corporate) |
32.34 |
|
Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
0.02 |
|
Public/Other than promoters (Body corporate) |
3.24 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject’s main business is Manufacturer of TMT Bars. (Registered Activity) |
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Products : |
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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 : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· HDFC Bank Limited HDFC Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India · The AP Mahesh Co-Operative Urban Bank Limited III Road Floor, Gopal Market, Charminar, Hyderabad
- 500002, Andhra Pradesh, India |
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Facilities : |
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Auditors : |
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|
Name : |
Madhu Mantri and Associates Chartered Accountants |
|
Address : |
C- 103, Matrushree, Apartments, Hyderguda, Hyderabad-500029, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAKFM0799E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
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|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2600000 |
Equity Shares |
INR 10/- each |
INR 26.000 Million |
|
|
|
|
|
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1546190 |
Equity Shares |
INR 10/- each |
INR 15.462 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 |
15.462 |
15.462 |
15.462 |
|
(b) Reserves and Surplus |
71.820 |
59.929 |
58.480 |
|
(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) |
87.282 |
75.391 |
73.942 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
174.598 |
157.516 |
145.215 |
|
(b) Deferred tax liabilities (Net) |
18.726 |
12.640 |
11.891 |
|
(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) |
193.324 |
170.156 |
157.106 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
107.216 |
51.172 |
72.060 |
|
(b) Trade
payables |
28.618 |
17.553 |
31.284 |
|
(c) Other
current liabilities |
54.066 |
38.081 |
32.198 |
|
(d) Short-term
provisions |
63.833 |
35.715 |
54.396 |
|
Total Current
Liabilities (4) |
253.733 |
142.521 |
189.938 |
|
|
|
|
|
|
TOTAL |
534.339 |
388.068 |
420.986 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
188.957 |
160.049 |
173.820 |
|
(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 |
0.001 |
0.001 |
0.401 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
45.114 |
53.298 |
33.905 |
|
(e) Other
Non-current assets |
4.996 |
0.037 |
12.970 |
|
Total Non-Current
Assets |
239.068 |
213.385 |
221.096 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
147.765 |
88.771 |
109.339 |
|
(c) Trade
receivables |
99.352 |
71.411 |
81.968 |
|
(d) Cash and
bank balances |
15.089 |
3.119 |
1.383 |
|
(e)
Short-term loans and advances |
20.520 |
5.522 |
2.051 |
|
(f) Other
current assets |
12.545 |
5.860 |
5.149 |
|
Total
Current Assets |
295.271 |
174.683 |
199.890 |
|
|
|
|
|
|
TOTAL |
534.339 |
388.068 |
420.986 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1506.920 |
1434.267 |
1243.373 |
|
|
Other Income |
3.865 |
0.000 |
0.000 |
|
|
TOTAL |
1510.785 |
1434.267 |
1243.373 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
695.895 |
489.258 |
658.572 |
|
|
Purchases of
Stock-in-Trade |
271.735 |
434.658 |
93.365 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(42.374) |
6.344 |
13.565 |
|
|
Employee benefit expense |
8.591 |
7.000 |
7.465 |
|
|
Other expenses |
505.154 |
478.464 |
486.640 |
|
|
Extraordinary items |
4.966 |
(23.286) |
(54.913) |
|
|
TOTAL |
1443.967 |
1392.438 |
1204.694 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
66.818 |
41.829 |
38.679 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
18.335 |
16.190 |
17.720 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION |
48.483 |
25.639 |
20.959 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
30.239 |
23.215 |
20.197 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
18.244 |
2.424 |
0.762 |
|
|
|
|
|
|
|
Less |
TAX |
6.353 |
0.975 |
0.257 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
11.891 |
1.449 |
0.505 |
|
|
|
|
|
|
|
|
Earnings Per Share (INR) |
769.08 |
93.73 |
0.03 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
26.863 |
22.379 |
22.700 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
28.928 |
35.818 |
(29.871) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
23.696 |
58.878 |
25.012 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
24.06 |
18.17 |
24.06 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
15.17 |
20.08 |
15.17 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
10.80 |
6.93 |
15.19 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.45 |
0.47 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.35 |
0.26 |
0.22 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.85 |
0.83 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.54 |
3.06 |
3.25 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.91 |
1.89 |
2.57 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.16 |
2.12 |
2.35 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.64 |
2.58 |
2.18 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.79 |
0.10 |
0.04 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.23 |
0.37 |
0.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.62 |
1.92 |
0.68 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.16 |
1.23 |
1.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.58 |
0.60 |
0.48 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.16 |
0.19 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
19.96 |
14.94 |
15.52 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.16 |
1.23 |
1.05 |
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 |
15.462 |
15.462 |
15.462 |
|
Reserves & Surplus |
58.480 |
59.929 |
71.820 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
73.942 |
75.391 |
87.282 |
|
|
|
|
|
|
Long-term borrowings |
145.215 |
157.516 |
174.598 |
|
Short term borrowings |
72.060 |
51.172 |
107.216 |
|
Current maturities of
long-term debts |
22.700 |
22.379 |
26.863 |
|
Total
borrowings |
239.975 |
231.067 |
308.677 |
|
Debt/Equity
ratio |
3.245 |
3.065 |
3.537 |
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 |
1243.373 |
1434.267 |
1506.920 |
|
|
|
15.353 |
5.066 |
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 |
1243.373 |
1434.267 |
1506.920 |
|
Profit |
0.505 |
1.449 |
11.891 |
|
|
0.04
% |
0.10
% |
0.79
% |
LEGAL CASE
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G74274762 |
10234469 |
HDFC BANK LIMITED |
30/07/2010 |
07/11/2017 |
- |
284000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
A76108927 |
10193961 |
HDFC BANK LIMITED |
18/12/2009 |
- |
- |
10000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
A76226547 |
10194022 |
HDFC BANK LIMITED |
02/12/2009 |
- |
- |
743210.0 |
HDFC BANK HOUSE
SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
A67689901 |
10181202 |
HDFC BANK LIMITED |
28/07/2009 |
- |
- |
42500000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
A89882252 |
10092016 |
THE AP MAHESH
COOPERATIVE URBAN BANK LIMITED |
05/03/2008 |
29/04/2009 |
21/07/2010 |
17500000.0 |
IIIRD FLOOR, GOPAL
MARKETCHARMINARHYDERABADAP500002IN |
|
6 |
A89882369 |
10084062 |
THE AP MAHESH
CO-OPERATIVE URBAN BANK LIMITED |
11/01/2008 |
- |
21/07/2010 |
33000000.0 |
III RD FLOOR,
GOPAL MARKETCHARMINARHYDERABADAP500002IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from others |
124.960 |
112.275 |
|
Other loans and advances others |
18.076 |
18.265 |
|
|
|
|
|
Total |
143.036 |
130.540 |
PERFORMANCE AND
PROSPECTS:
Manufacturing operations continued to be adversely effected due to acute recession in Steel Industries Inspite of these setbacks company is trying to cut costs and improve operation efficiency. However, trading activities yielded good margins.
FIXED ASSETS:
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- 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
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 : |
PRT |
|
|
|
|
Analysis Done by
: |
VIK |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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 opera tions 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.