|
|
|
MIRA INFORM REPORT
|
Report No. : |
499657 |
|
Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
NAMO ALLOYS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
VIRBHA ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
3721, Gali Barna, Sadar Bazar, New Delhi – 110 006 |
|
Mobile No.: |
91-9999193615 (Mr. Bhuwan) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
15.01.1996 |
|
|
|
|
Com. Reg. No.: |
55-075448 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 30.427 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27203DL1996PTC075448 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN7015J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing of Aluminum, Zinc Alloy Ingots and PDC Components. (Registered Activity) |
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|
|
|
No. of Employees
: |
Information denied by the management |
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 640000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1996 and it is having good track records. For the financial year 2017, the company has increased its revenue from operations as compared to previous year and maintained minimal profitability margin of 0.67%. Rating takes into consideration sound financial profile of the company marked by adequate networth base and average debt balance sheet. Further, rating also reflects from its established track record of business operations along with NAPL has been catering to a reputed list of clients including Maruti Suzuki India Limited, Honda Motorcycle and Scooter India, Mind Industries Limited among others for almost a decade and improvement in the revenue as well profitability profile during the year. However, rating strength is partially offset by volatility in raw material prices and foreign currency fluctuation risk. Trade relations are reported as fair. Business is active. Payment terms are seems to be regular. In view of the 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 |
SMERA |
|
Rating |
Long term rating: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit
risk. |
|
Date |
12.07.2017 |
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 26.03.2018
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 DENIED BY
|
Name : |
Mr. Bhuwan |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9999193615 |
|
Date : |
24.03.2018 |
LOCATIONS
|
Registered
Office : |
3721, Gali Barna, Sadar Bazar, New Delhi – 110 006, India |
|
Tel. No.: |
91-11-23674878 / 23557208 /23670669 / 23549920 |
|
Mobile No.: |
91-9999193615 (Mr. Bhuwan) 91-8506999645 (Mr. Dharamraj) |
|
Fax No.: |
91-129-5276408 / 3549920 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
14/1, Mile Stone, Mathura Road, Faridabad – 121 004, Haryana, India |
|
Tel. No.: |
91-129-2279612 / 613 / 614 |
|
Fax No.: |
91-129-2276408 |
|
Email : |
|
|
Area : |
5500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Dhudhola Road, Village Prithla, District Palval, Haryana India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Naresh Kumar Jain |
|
Designation : |
Director |
|
Address : |
3721, Gali Barna, Sadar Bazar, Delhi –100006, India |
|
Date of Birth/Age : |
14.01.1964 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
13.09.1999 |
|
DIN No.: |
00014986 |
|
|
|
|
Name : |
Mr. Neeraj Kumar Jain |
|
Designation : |
Director |
|
Address : |
3721, Gali Barna, Sadar Bazar, Delhi – 100006, India |
|
Date of Birth/Age : |
11.08.1968 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
18.02.2000 |
|
DIN No.: |
00014992 |
|
|
|
|
Name : |
Mr. Rishabh Jain |
|
Designation : |
Director |
|
Address : |
1/11159, Subhash Park, Naveen Shahdara, Delhi, India |
|
Date of Birth/Age : |
26.10.1970 |
|
Date of Appointment : |
29.09.2001 |
|
DIN No.: |
00016719 |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Mahesh Chand Jain |
|
244438 |
|
Neeraj Kumar Jain |
|
246780 |
|
Vipin Jain |
|
246669 |
|
Anand Prakash Jain |
|
185575 |
|
Kamlesh Jain |
|
255988 |
|
Naveen Kumar Jain |
|
232031 |
|
Rachna Jain |
|
270825 |
|
Shobha Jain |
|
207900 |
|
Anand Prakash Jain – HUF |
|
40000 |
|
Archana Jain |
|
233363 |
|
Akshay Jain |
|
185000 |
|
Sneh Lata Jain Kewal Ram Sheetal PD. Jain |
|
10 |
|
Meenu Jain |
|
173950 |
|
Naresh Kumar Jain – HUF |
|
100 |
|
Naveen Kumar Jain – HUF |
|
7500 |
|
Neeraj Kumar Jain – HUF |
|
7500 |
|
Total |
|
2537629 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of Aluminum, Zinc Alloy Ingots and PDC Components. (Registered Activity) |
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|
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|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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||||||||||||||||||||||
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||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Jain Sushil K. Associates Chartered Accountants |
|
Address : |
5574A, 1st Floor, Kashiram Building, Kolhapur Road, Kamla Nagar, Delhi-110007, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFJ5340D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Relatives of Key
Managerial Personnel is Proprietor: |
|
|
|
|
|
Key Managerial
Personnel/Relatives of Key Managerial Personnel are Partners: |
|
|
|
|
|
Relatives of Key
Managerial Personnel is having significant influence: |
|
|
|
|
|
Relatives of Key
Managerial Personnel are Partners: |
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|
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Other related party : |
|
CAPITAL STRUCTURE
AFTER 18.09.2017
Authorised Capital : INR 250.000 Million
Issued, Subscribed & Paid-up Capital : INR 30.427
Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8200000 |
Equity Shares |
INR 10/- each |
INR 82.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3042749 |
Equity Shares |
INR 10/- each |
INR 30.427 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 |
30.427 |
30.427 |
30.427 |
|
(b) Reserves and Surplus |
193.751 |
169.635 |
165.304 |
|
(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) |
224.178 |
200.062 |
195.731 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
94.644 |
91.343 |
173.880 |
|
(b) Deferred tax liabilities (Net) |
1.201 |
1.764 |
2.245 |
|
(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) |
95.845 |
93.107 |
176.125 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
535.913 |
329.646 |
398.374 |
|
(b) Trade
payables |
62.667 |
33.733 |
0.605 |
|
(c) Other
current liabilities |
23.338 |
20.454 |
17.428 |
|
(d) Short-term
provisions |
15.574 |
5.863 |
4.741 |
|
Total Current
Liabilities (4) |
637.492 |
389.696 |
421.148 |
|
|
|
|
|
|
TOTAL |
957.515 |
682.865 |
793.004 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
143.566 |
155.322 |
179.901 |
|
(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 |
15.108 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
5.998 |
4.912 |
4.949 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
149.564 |
160.234 |
199.958 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
213.221 |
145.562 |
249.614 |
|
(c) Trade
receivables |
461.415 |
299.684 |
288.194 |
|
(d) Cash and
bank balances |
49.357 |
24.062 |
19.182 |
|
(e) Short-term
loans and advances |
72.016 |
43.749 |
26.694 |
|
(f) Other
current assets |
11.942 |
9.574 |
9.362 |
|
Total
Current Assets |
807.951 |
522.631 |
593.046 |
|
|
|
|
|
|
TOTAL |
957.515 |
682.865 |
793.004 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3763.111 |
2960.587 |
2913.293 |
|
|
Other Income |
2.998 |
5.733 |
6.379 |
|
|
TOTAL |
3766.109 |
2966.320 |
2919.672 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3565.952 |
2737.279 |
2781.188 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(48.410) |
40.146 |
(40.307) |
|
|
Employee benefit expense |
29.248 |
22.127 |
24.498 |
|
|
Other expenses |
85.047 |
71.768 |
41.739 |
|
|
TOTAL |
3631.837 |
2871.320 |
2807.118 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
134.272 |
95.000 |
112.554 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
73.743 |
60.827 |
75.684 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
60.529 |
34.173 |
36.870 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
22.510 |
25.590 |
30.940 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
38.019 |
8.583 |
5.930 |
|
|
|
|
|
|
|
Less |
TAX |
12.987 |
3.520 |
2.238 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
25.032 |
5.063 |
3.692 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Material & Capital Goods |
656.598 |
470.938 |
360.032 |
|
|
TOTAL
IMPORTS |
656.598 |
470.938 |
360.032 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
8.23 |
1.66 |
1.21 |
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 |
(158.671) |
144.823 |
165.945 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(101.243) |
198.123 |
234.799 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
44.75 |
36.95 |
36.11 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.16 |
9.88 |
10.11 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
6.41 |
4.50 |
0.08 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.63 |
0.65 |
0.45 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.94 |
0.61 |
0.63 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.76 |
0.70 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.81 |
2.10 |
2.92 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.84 |
1.95 |
2.15 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.64 |
0.78 |
0.92 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.82 |
1.56 |
1.49 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.67 |
0.17 |
0.13 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.61 |
0.74 |
0.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
11.17 |
2.53 |
1.89 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.27 |
1.34 |
1.41 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.93 |
0.97 |
0.82 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.23 |
0.29 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
20.72 |
13.84 |
18.81 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.27 |
1.34 |
1.41 |
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 |
30.427 |
30.427 |
30.427 |
|
Reserves & Surplus |
165.304 |
169.635 |
193.751 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
195.731 |
200.062 |
224.178 |
|
|
|
|
|
|
Long-term borrowings |
173.880 |
91.343 |
94.644 |
|
Short term borrowings |
398.374 |
329.646 |
535.913 |
|
Total
borrowings |
572.254 |
420.989 |
630.557 |
|
Debt/Equity
ratio |
2.924 |
2.104 |
2.813 |
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 |
2913.293 |
2960.587 |
3763.111 |
|
|
|
1.623 |
27.107 |
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 |
2913.293 |
2960.587 |
3763.111 |
|
Profit/ (Loss) |
3.692 |
5.063 |
25.032 |
|
|
0.13
% |
0.17
% |
0.67
% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered address of the company has been
shifted from C – 141, Man Sarovar Garden, Delhi to the present address w.e.f.
13.09.1999
CORPORATE
INFORMATION
Subject is a Private Limited Company incorporated under the provisions of the Companies Act, 1956. The company is engaged in the business of manufacturing of Aluminum, Zinc Alloy Ingots and PDC Components.
AMALGAMATION:
(a) The Scheme of amalgamation of Sanmati Metacast Limited (Transferor Company No. 1) and Shri Kunthunath Metal Industries Private Limited (Transferor Company No. 2) with the company Namo Alloys Private Limited (Transferee Company) and Demerger of real estate business of Namo Alloys Private Limited into Namo Developers Private Limited (Resultant Company) w. e. f. April 1, 2012 was approved by the Hon’ble High Court at New Delhi.
(b) As per clause 9(a) of the Scheme of Amalgamation and also as per Hon’ble Supreme Court in Marshall Sons & Co. (India) Limited Vs ITO 223 ITR 809, the business carried on by the Transferor Company from the appointed date till the effective date is carried on for and on behalf of the Transferee Company and all profits accruing to the Transferor Company are profits of the Transferee Company.
Therefore, the profits of the Transferor Company from 01.04.2012 till 31.03.2013 are reflected in the Profit & Loss Account of the Transferee Company. Various items of Income & Expenditure of the company include corresponding figures of erstwhile Transferor Company.
The corresponding figures of assets and liabilities of the Transferor Company as on 31.03.2013 have merged with assets and liabilities of the Transferee Company.
(c) On the scheme becoming effective
Namo Alloys private Limited has issued 5(Five) equity shares of INR 10 each, credited as fully paid up, for every 8(Eight) Equity Share of INR 10 each held in the Transferor Company No. 1- Sanmati Metacast Limited.
Namo Alloys private Limited has issued 7 (Seven) equity shares of INR 10 each, credited as fully paid up, for every 2(Two) Equity Share of INR 100 each held in the Transferor Company No. 2- Shri Kunthunath Metal Industries Limited.
Namo Alloys has been allotted 1510780 equity shares of INR 10 each as fully paid up from Namo Developers Private Limited (Resultant Company)
(d) Pursuant to the Scheme of Amalgamation as approved, the Transferee Company has taken over the entire business of the erstwhile Transferor Company including all assets, liabilities, obligations etc. and the same has been given effect to in the accounts, subject to and read with clause (b) above, on a pooling of interest basis as prescribed by Accounting Standard (AS 14) issued by the Institute of Chartered Accountants of India.
(e) The books of accounts for the financial year 2012-13 of the Transferor Company have been audited by the auditors of the Transferee
Company.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Rupee term loans from others |
55.387 |
42.422 |
|
Total |
55.387 |
42.422 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G52830122 |
100121372 |
HDFC BANK LIMITED |
11/07/2017 |
- |
250000000.0 |
HDFC BANK HOUSESENAPATI
BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G39964556 |
100087429 |
CANARA BANK |
03/03/2017 |
- |
300000.0 |
PRITHLA
BRANCHFARIDABADHR121102IN |
|
3 |
G44279933 |
100098691 |
CANARA BANK |
22/02/2017 |
- |
1250000.0 |
74, JANPATH,NEW DELHIDL110001IN |
|
4 |
G73483638 |
100046014 |
YES BANK LIMITED |
23/05/2016 |
28/09/2017 |
250000000.0 |
NEHRU CENTRE, 9TH
FLOOR, DISCOVERY OF INDIA,DR. A.B. ROAD, WORLIMUMBAIMH400018IN |
|
5 |
G04842050 |
100030292 |
CANARA BANK |
10/05/2016 |
- |
500000.0 |
74,JANPATHNEW
DELHIDL110001IN |
|
6 |
C46524237 |
10493256 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
22/05/2014 |
03/03/2015 |
80000000.0 |
NH - 5 R/2 NEELAM
BADSHAH KHAN ROADNITFARIDABADHR121001IN |
|
7 |
B70570544 |
10411149 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
12/03/2013 |
- |
97500000.0 |
NH-5-R/2, NEELAM
BADSHAH KHAN ROADNITFARIDABADHR121001IN |
|
8 |
A37803921 |
10102649 |
CANARA BANK |
20/02/2008 |
- |
9800000.0 |
74, JANPATHNEW
DELHIDL110001IN |
|
9 |
A19978295 |
10062760 |
CANARA BANK |
24/07/2007 |
- |
10000000.0 |
74 JANPATHNEW
DELHIDL110001IN |
|
10 |
Y10129518 |
90049423 |
STATE BANK OF
PATIALA |
20/11/2002 |
- |
40000000.0 |
WAZIRPUR
INDUSTRIAL AREADELHIDL110052IN |
FIXED ASSETS:
Tangible assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Computer equipments
- Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 65.13 |
|
|
1 |
INR 91.96 |
|
Euro |
1 |
INR 80.35 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
KVT |
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.