|
|
|
MIRA INFORM REPORT
|
Report No. : |
499654 |
|
Report Date : |
27.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
K P BUILDCON PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No. 1, Higher Ground Floor, Firdos Tower, Adajan Patia,
Surat-395009, Gujarat |
|
Tel. No.: |
91-261-2764757 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
10.07.2001 |
|
|
|
|
Com. Reg. No.: |
04-039763 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 11.200
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40100GJ2001PTC039763 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
24AABCK7077K1Z9 |
|
|
|
|
TIN No.: |
24220200790 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK7077K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in Fabrication, Galvanizing,
Fault Rectification Team, Patrolling of Optical Fiber Cables, Trading of
Steel, Site Clearance Work, Mobile Tower Manufacturing and Turnkey Service
Provider to Mobile and Renewable Energy Industry. [Registered Activity] |
|
|
|
|
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 303000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject
was incorporated in the year 2001 and it is engaged in fabrication, galvanizing,
fault rectification team, patrolling of optical fiber cables, trading of
steel, site clearance work, mobile tower manufacturing and turnkey service
provider to mobile and renewable energy industry. As per
financials of March 2017, the company has registered decline in its revenue
as compared to its previous year’s revenue and has reported average profit
margin. Rating
takes into consideration the company’s established track record of business
operations marked by sound net worth base along with comfortable debt
coverage indicators and average liquidity position. Rating
also takes into account the extensive experience of its promoters in tower
fabrication business and favourable demand for the company’s products from
solar and wind farm projects. Further,
the company has reported Earnings Per Share of INR 3.31 against its face
value of INR 10. However,
ratings strength is partially offset by limited bargaining customer and
working capital intensive nature of operations. Payments
terms 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 |
ICRA |
|
Rating |
Long Term Rating=B+ |
|
Rating Explanation |
Risk-prone-credit-quality and carries very high credit risk |
|
Date |
28.02.2017 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating=A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
28.02.2017 |
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 27.03.2018.
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. Khurshid Mansuri |
|
Designation : |
Purchase Department |
|
Contact No.: |
91-7069033326 |
|
Date : |
26.03.2018 |
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-261-2764757]
LOCATIONS
|
Registered Office : |
Shop No. 1, Higher Ground Floor, Firdos Tower, Adajan Patia,
Surat-395009, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-7069033326 [Mr. Khurshid Mansuri] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
A-1/2, Firdos Tower,Behind
Fazal Shopping Centre, Adajan Patiya, Surat-395009, Gujarat, India |
|
Tel. No.: |
91-261-2764757 |
|
Fax No.: |
91-261-2774757 |
|
|
|
Site
Office :
|
Solarism Project,
Village Sudi-Samni, Bharuch-Jambusar Bypass Road, Bharuch, Gujarat, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Farukbhai Gulambhai Patel |
|||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-602, Firdos Tower, B/H Fazal Shopping Centre, Adajan
Road, Adajan Patiya, Surat-395009, Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.03.1972 |
|||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
1007.2001 |
|||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00414045 |
|||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Rashida Gulam Patel |
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|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||
|
Address : |
J-1,Nishat Soc, Near Shalimar Soc, Adajan Patia,
Surat-395009, Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.08.1953 |
|||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.07.2001 |
|||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01676460 |
|||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Vahidabanu Faruk Patel |
|||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-602, Firdaus Apartment, Near Fazal Tower, Adajan Patia,
Surat-395009, Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.11.2016 |
|||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02940059 |
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Khurshid Mansuri |
|
Designation : |
Purchase Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
Note: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
33.52 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
66.48 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in Fabrication, Galvanizing,
Fault Rectification Team, Patrolling of Optical Fiber Cables, Trading of Steel,
Site Clearance Work, Mobile Tower Manufacturing and Turnkey Service Provider
to Mobile and Renewable Energy Industry. [Registered Activity] |
||||||
|
|
|
||||||
|
Products/ Services : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
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|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
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|
||||||
|
Imports : |
Not Divulged |
||||||
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|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Not Divulged |
||||||
|
|
|
||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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|
||||||||||||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Bank of Baroda Ambaji Road Branch, Dev Prayag,, Near Khapatia Chakla, Ambaji Road, Surat- 395003, Gujarat, India · State Bank of India SPDL Commercial Branch, 1st Floor Kiran Chembers, Ring Road, Surat- 395002, Gujarat, India · Axis Bank Limited Trishul 3rd Floor Opp Samartheshwar Templelaw Garden Ellisbridge, Ahmedabad-380006, Gujarat, India |
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|
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|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
K A Sanghavi and Company Chartered Accountants |
|
Address : |
1001/02/03, Rajhans Bonista, Ram Chowk, Ghod dod Road, Surat-395007,
Gujarat, India |
|
Tel. No.: |
91-261-2653167/ 2653168 |
|
Mobile No.: |
91-9925110405/ 9825279684 |
|
PAN No.: |
AAEFK1866G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Entities where key management
personnel (KMP)/ relatives of key management personnel (RKMP) have
significant influence : |
·
KPI
Global Infrastructure Limited · K.P. Energy Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1120000 |
Equity Shares |
INR 10/- each |
INR 11.200
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 |
11.200 |
11.200 |
11.200 |
|
(b) Reserves & Surplus |
94.864 |
91.158 |
85.480 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
4.500 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
106.064 |
106.858 |
96.680 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
56.360 |
60.498 |
35.158 |
|
(b) Deferred tax liabilities (Net) |
3.052 |
2.421 |
2.752 |
|
(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) |
59.412 |
62.919 |
37.910 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
36.305 |
107.755 |
156.932 |
|
(b)
Trade payables |
159.047 |
29.438 |
21.386 |
|
(c)
Other current liabilities |
5.797 |
31.268 |
17.282 |
|
(d)
Short-term provisions |
0.359 |
1.443 |
0.000 |
|
Total
Current Liabilities (4) |
201.508 |
169.904 |
195.600 |
|
|
|
|
|
|
TOTAL |
366.984 |
339.681 |
330.190 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
56.223 |
48.218 |
46.928 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.150 |
0.150 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
4.412 |
9.396 |
0.661 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
1.806 |
|
Total
Non-Current Assets |
60.785 |
57.764 |
49.395 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
101.394 |
93.680 |
143.313 |
|
(c)
Trade receivables |
180.698 |
157.999 |
118.422 |
|
(d)
Cash and cash equivalents |
6.335 |
6.042 |
7.060 |
|
(e)
Short-term loans and advances |
3.738 |
12.772 |
12.000 |
|
(f)
Other current assets |
14.034 |
11.424 |
0.000 |
|
Total
Current Assets |
306.199 |
281.917 |
280.795 |
|
|
|
|
|
|
TOTAL |
366.984 |
339.681 |
330.190 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
189.554 |
544.442 |
519.790 |
|
|
|
Other Income |
1.996 |
1.536 |
0.973 |
|
|
|
TOTAL |
191.550 |
545.978 |
520.763 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
118.919 |
480.519 |
492.741 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.000 |
0.000 |
(17.802) |
|
|
|
Employees benefits expense |
15.101 |
15.973 |
8.884 |
|
|
|
Other expenses |
25.270 |
12.618 |
2.627 |
|
|
|
Exceptional Items |
0.000 |
0.000 |
0.364 |
|
|
|
Prior Period Items |
(0.670) |
0.000 |
0.000 |
|
|
|
TOTAL |
158.620 |
509.110 |
486.814 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
32.930 |
36.868 |
33.949 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
23.665 |
24.908 |
26.621 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.265 |
11.960 |
7.328 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.338 |
3.743 |
2.902 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
5.927 |
8.217 |
4.426 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.221 |
2.539 |
1.368 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3.706 |
5.678 |
3.058 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
3.31 |
5.07 |
2.73 |
|
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 |
1.168 |
|
|
|
|
|
|
Cash (used in)/ generated from Operating Activities |
91.409 |
22.560 |
(4.137) |
|
|
|
|
|
|
Net Cash (used in)/ generated from Operating Activities |
89.966 |
21.627 |
(5.693) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
347.95 |
105.92 |
83.16 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.05 |
3.45 |
4.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
488.17 |
22.36 |
15.84 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.32 |
0.39 |
0.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.59 |
0.76 |
0.72 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.70 |
0.68 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.87 |
1.57 |
2.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.90 |
1.59 |
2.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.53 |
0.45 |
0.49 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.39 |
1.48 |
1.28 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.96 |
1.04 |
0.59 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.01 |
1.67 |
0.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.49 |
5.31 |
3.16 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.52 |
1.66 |
1.44 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.02 |
1.11 |
0.70 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.31 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
8.27 |
15.02 |
17.26 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.52 |
1.66 |
1.44 |
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 |
11.200 |
11.200 |
11.200 |
|
Reserves & Surplus |
85.480 |
91.158 |
94.864 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
4.500 |
0.000 |
|
Net worth |
96.680 |
106.858 |
106.064 |
|
|
|
|
|
|
long-term borrowings |
35.158 |
60.498 |
56.360 |
|
Short term borrowings |
156.932 |
107.755 |
36.305 |
|
Total
borrowings |
192.090 |
168.253 |
92.665 |
|
Debt/Equity
ratio |
1.987 |
1.575 |
0.874 |
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 |
519.790 |
544.442 |
189.554 |
|
|
|
4.743 |
-65.184 |
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 |
519.790 |
544.442 |
189.554 |
|
Profit |
3.058 |
5.678 |
3.706 |
|
|
0.59% |
1.04% |
1.96% |
LEGAL CASES
This
is archived version of case. To check in ecourt site please go to link. then click on Case Status. Select state :
Maharashtra, district : Mumbai CMM Courts, court complex name : Metropolitan
Magistrates Court, Borivali, Behind Borivali Police Station, Court Galli, S. V.
Road, Borivali (West), Mumbai - 400 092 and enter on of party name with case
year from registration date
This
is archived version of case. To check in ecourt site please go to link. then click on Case Status. Select state
: Maharashtra, district : Mumbai City Civil Court, court complex name : City
Civil and Sessions Court, Near Dindoshi Bus Depot, General Arunkumar Vaidya
Marg, Goregaon (East), Mumbai - 400063 and enter on of party name with case
year from registration date
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 |
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 |
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 |
G39741418 |
100087823 |
AXIS BANK LIMITED |
27/03/2017 |
- |
- |
1275000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
2 |
G12374302 |
100050939 |
AXIS BANK LIMITED |
24/08/2016 |
- |
- |
3795000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
3 |
G02025393 |
100021703 |
AXIS BANK LIMITED |
09/03/2016 |
- |
- |
559000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
4 |
A69786572 |
10176514 |
STATE BANK OF INDIA |
22/08/2009 |
- |
- |
2100000.0 |
301,A WING, 3 RD FLOOR, INTERNATIONAL TRADE CENTREMAJURA GATE, RING ROADSURATGJ395002IN |
|
5 |
A63679930 |
10161953 |
STATE BANK OF INDIA |
20/04/2009 |
- |
- |
157500000.0 |
SPLD. COMMERCIAL BRANCH, KIRAN CHAMBERS, OPP.JK TOWER, RING ROADSURATGJ395002IN |
|
6 |
A63680243 |
10162017 |
STATE BANK OF INDIA |
20/04/2009 |
- |
- |
157500000.0 |
SPLD. COMMERCIAL BRANCH, KIRAN CHAMBERS, OPP.JK TOWER, RING ROADSURATGJ395002IN |
|
7 |
G40390585 |
10199984 |
STATE BANK OF INDIA SPECIALISED COMMERCIAL BRANCH |
17/02/2009 |
23/03/2017 |
- |
157300000.0 |
1 ST FLOOR KIRAN CHAMBERS, OPP J K TOWER,RING ROADSURATGJ395002IN |
|
8 |
G60438496 |
10143935 |
BANK OF BARODA |
10/01/2009 |
- |
09/10/2017 |
2370000.0 |
AMBAJI ROAD BRANCHSURATGJ395003IN |
|
9 |
A58460205 |
10033615 |
BANK OF BARODA |
05/01/2007 |
25/10/2008 |
24/02/2009 |
65000000.0 |
AMBAJI ROAD BRANCH, DEV PRAYAG,NEAR KHAPATIA CHAKLA, AMBAJI ROADSURATGJ395003IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Bajaj Finance – Business Loan |
1.575 |
2.365 |
|
The National Small Industries Corpo Limited |
11.738 |
11.925 |
|
Loans and
Advances From Related Parties |
|
|
|
Director |
|
|
|
Farukbhai Gulambhai Patel |
0.400 |
0.400 |
|
|
|
|
|
Total |
13.713 |
14.690 |
CORPORATE INFORMATION :
Subject (“the Company” was incorporated on 10.07.2001 as a private limited company domiciled in India. The company is primarily engaged in Fabrication, Galvanizing, Fault Rectification Team, Patrolling of Optical Fiber Cables, Trading of Steel, Site Clearance Work, Mobile Tower Manufacturing and Turnkey Service Provider to Mobile and Renewable Energy Industry.
REVIEW OF OPERATIONS:
During the year, the total Turnover of the Company Was INR 189.554 Million against INR 544.442 Million in the previous year. The Company has earned a Profit after Tax of INR 3.706 Million compared to INR 5.678 Million in the previous year.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
· Plant and Machinery
·
Air Conditioner
·
Furniture and Fixtures
·
Computer and Printer
·
Vehicles
·
Heavy Vehicle
·
Mobile Phone, etc
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 64.91 |
|
UK Pound |
1 |
INR 91.87 |
|
Euro |
1 |
INR 80.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
IND |
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 |
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.