|
|
|
MIRA INFORM REPORT
|
Report No. : |
500657 |
|
Report Date : |
27.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
KAYTX INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G.T. Road, Village Ambay Majra, Mandi-Gobindgarh, District Fatehgarh, Sahib –
147301, Punjab |
|
Tel. No.: |
91-1765-529114 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
20.10.2005 |
|
|
|
|
Com. Reg. No.: |
16-029106 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 63.666 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100PB2005PTC029106 |
|
|
|
|
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.] |
AACCK6745M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of joist, channel, angle, round, transmission tower, shape and sections,
galvanization and fabrication of iron and steel structures. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
700 (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 |
|
Maximum Credit Limit : |
USD 511000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2005. It is a manufacturer of joist, channel, angle, round, transmission tower, shape and sections, galvanization and fabrication of iron and steel structures. As per the financial records of 2017, the company has achieved a fair growth of 9.74% in its revenue as compared to the previous year’s revenue and has reported a low net profit margin of 0.68%. The overall financial profile of the company seems to be satisfactory marked by sufficient networth base along with slightly high debt balance sheet profile and average liquidity position. Business is active. Payment seems to be slow. 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 |
CARE |
|
Rating |
Long Term Loans= BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
01.03.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Loans= A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
01.03.2018 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Dinesh Mehta |
|
Designation : |
Executive Director |
|
Contact No.: |
91-9814110981 |
LOCATIONS
|
Registered Office / Factory : |
G.T. Road, Village Ambay Majra, Mandi-Gobindgarh, District
Fatehgarh,
Sahib – 147301, Punjab, India |
|
Tel. No.: |
91-1765-529114 |
|
Mobile No.: |
91-9876100919 (Mr. Parshotam Lal Aggarwal) |
|
Fax No.: |
91-1765-250009 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
12 Acer |
|
Location : |
Owned |
|
Locality: |
Commercial |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Namit Aggarwal |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Narain and Company, G T Road, Mandi Gobindgarh, Fatehgarh – 147301,
Punjab, India |
||||||||||||||||
|
Date of Birth/Age : |
21.04.1978 |
||||||||||||||||
|
Date of Appointment : |
29.09.2012 |
||||||||||||||||
|
PAN No.: |
ADBPA5058L |
||||||||||||||||
|
DIN No.: |
01180021 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Parshotam Lal Aggarwal |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
H No 270, Ward No 11 Mandi Gobindgarh Mandi Gobindgarh – 147301,
Punjab, India |
||||||||||||||||
|
Date of Appointment : |
30.09.2011 |
||||||||||||||||
|
PAN No.: |
AAAHP8995H |
||||||||||||||||
|
DIN No.: |
01180108 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Salil Aggarwal |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
H. No. 378 Sector 3C, Ram Nagar Mandi Gobindgarh – 147301, Punjab,
India |
||||||||||||||||
|
Date of Appointment : |
30.09.2011 |
||||||||||||||||
|
DIN No.: |
02254571 |
||||||||||||||||
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Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mrs. Radha Aggarwal |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
378, Sector 3C, Ram Nagar Mandi, Gobindgarh – 147301, Punjab, India |
||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||
|
PAN No.: |
ABFPA2163G |
||||||||||||||||
|
DIN No.: |
03050185 |
||||||||||||||||
KEY EXECUTIVES
|
Name : |
Namarta Vashisht |
|
Designation : |
Company Secretary |
|
Address : |
House No.50 VPO Behlana, Chandigarh – 160003, India |
|
Date of Appointment : |
27.03.2017 |
|
PAN No.: |
AWPPV7455D |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Parshotam Lal Aggarwal |
|
1123200 |
|
Salil Aggarwal |
|
2653040 |
|
R.P. Rolling Mills Private Limited, India |
|
1335000 |
|
Cezal Aggarwal |
|
192140 |
|
Kailahwati Aggarwal |
|
108190 |
|
Jiya Lal Aggarwal |
|
124080 |
|
Vivek Aggarwal |
|
125760 |
|
Pallavi Aggarwal |
|
102220 |
|
Namit Aggarwal HUF |
|
120150 |
|
Parshotam Aggarwal HUF |
|
236990 |
|
Radha Aggarwal |
|
245870 |
|
|
|
|
|
Total |
|
6366640 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
79.03 |
|
Promoters [Bodies
corporate] |
20.97 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of joist, channel, angle, round, transmission tower, shape and sections, galvanization
and fabrication of iron and steel structures. [Registered
activity and also confirmed by management] |
||||||
|
|
|
||||||
|
Products / Services
: |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
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|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
L/C, Advance Payment and Credit |
||||||
|
|
|
||||||
|
Purchasing : |
L/C, Advance Payment and Credit |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||||||||||||
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Customers : |
Wholesalers, Retailers, Railways
|
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|
||||||||||||||||||||||||
|
No. of Employees : |
700 (Approximately) |
||||||||||||||||||||||||
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|
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Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
O.P. Tulsyan and Company Chartered Accountants |
|
Address : |
Shop No. 42, B.D. Complex, G.T. Road, Mandi Gobindgarh – 147301, Punjab, India |
|
PAN No.: |
AAAFO0729O |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Parties : |
· R.P. Steel Industries · Parshotam Lal Aggarwal (HUF) · Namit Aggarwal (HUF) |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6366640 |
Equity Shares |
INR 10/- each |
INR 63.666 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 |
63.666 |
63.666 |
49.800 |
|
(b) Reserves & Surplus |
115.269 |
96.476 |
59.534 |
|
(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) |
178.935 |
160.142 |
109.334 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
27.264 |
19.675 |
34.140 |
|
(b) Deferred tax liabilities (Net) |
8.197 |
7.986 |
7.651 |
|
(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) |
35.461 |
27.661 |
41.791 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
504.875 |
528.061 |
528.178 |
|
(b) Trade
payables |
171.477 |
101.423 |
142.103 |
|
(c) Other
current liabilities |
216.909 |
97.350 |
139.431 |
|
(d) Short-term
provisions |
9.903 |
9.600 |
2.763 |
|
Total Current
Liabilities (4) |
903.164 |
736.434 |
812.475 |
|
|
|
|
|
|
TOTAL |
1117.560 |
924.237 |
963.600 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
77.525 |
80.574 |
78.739 |
|
(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 |
17.686 |
3.247 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
6.618 |
6.379 |
6.592 |
|
(e) Other
Non-current assets |
0.166 |
0.238 |
0.075 |
|
Total Non-Current
Assets |
101.995 |
90.438 |
85.406 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
622.962 |
526.293 |
421.010 |
|
(c) Trade
receivables |
285.018 |
246.261 |
302.982 |
|
(d) Cash
and cash equivalents |
26.919 |
31.063 |
32.955 |
|
(e)
Short-term loans and advances |
79.257 |
28.671 |
119.582 |
|
(f) Other
current assets |
1.409 |
1.511 |
1.665 |
|
Total
Current Assets |
1015.565 |
833.799 |
878.194 |
|
|
|
|
|
|
TOTAL |
1117.560 |
924.237 |
963.600 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2757.482 |
2512.793 |
2123.274 |
|
|
|
Other Income |
7.526 |
3.753 |
3.597 |
|
|
|
TOTAL |
2765.008 |
2516.546 |
2126.871 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
809.876 |
847.045 |
919.318 |
|
|
|
Purchase of Stock-in-trade |
1815.788 |
1575.439 |
985.884 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(104.300) |
(128.099) |
12.395 |
|
|
|
Employee Benefits Expenses |
21.944 |
17.874 |
13.698 |
|
|
|
Other Expenses |
111.505 |
94.124 |
108.448 |
|
|
|
TOTAL |
2654.813 |
2406.383 |
2039.743 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
110.195 |
110.163 |
87.128 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
74.584 |
74.775 |
72.763 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
35.611 |
35.388 |
14.365 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
5.000 |
4.916 |
4.491 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
30.611 |
30.472 |
9.874 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
11.818 |
10.170 |
3.034 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
18.793 |
20.302 |
6.840 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
2.95 |
3.19 |
1.37 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
39.755 |
2.169 |
(86.712) |
|
Net cash flows from (used in) operating activities |
(34.929) |
(73.860) |
(153.067) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
37.73 |
35.77 |
52.08 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.67 |
10.20 |
7.01 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
23.84 |
15.28 |
27.22 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.18 |
0.21 |
0.21 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.42 |
1.37 |
1.11 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.83 |
0.82 |
0.88 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.97 |
3.42 |
5.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
5.05 |
4.60 |
7.43 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.43 |
0.50 |
0.72 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.48 |
1.47 |
1.20 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.68 |
0.81 |
0.32 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.68 |
2.20 |
0.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.50 |
12.68 |
6.26 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.12 |
1.13 |
1.08 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.43 |
0.42 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.16 |
0.17 |
0.11 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
8.36 |
8.60 |
11.29 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.12 |
1.13 |
1.08 |
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 |
49.800 |
63.666 |
63.666 |
|
Reserves & Surplus |
59.534 |
96.476 |
115.269 |
|
Net
worth |
109.334 |
160.142 |
178.935 |
|
|
|
|
|
|
Long Term borrowings |
34.140 |
19.675 |
27.264 |
|
Short Term borrowings |
528.178 |
528.061 |
504.875 |
|
Total
borrowings |
562.318 |
547.736 |
532.139 |
|
Debt/Equity
ratio |
5.143 |
3.420 |
2.974 |
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
|
2123.274 |
2512.793 |
2757.482 |
|
|
|
18.345 |
9.738 |
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
|
2123.274 |
2512.793 |
2757.482 |
|
Profit/(Loss) |
6.840 |
20.302 |
18.793 |
|
|
0.32% |
0.81% |
0.68% |
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 |
Yes |
|
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 |
Yes |
|
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 |
CORPORATE INFORMATION
The Company is a Private Company Incorporated under the provisions of the Companies Act, 1956 on Dated 20th October 2005. The Company is engaged in manufacturing of Joist, Channel, Angle, Round, Shape and sections, galvanization and fabrication of iron and steel structures.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
23.059 |
16.748 |
|
|
|
|
|
Total |
23.059 |
16.748 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G27437862 |
100066949 |
HERO FINCORP LIMITED |
29/06/2016 |
- |
- |
6521571.0 |
34, COMMUNITY CENTRE, BASANT LOKVASANT VIHAR NEW DELHI DE110057IN |
|
2 |
C65362311 |
10593358 |
STATE BANK OF HYDERABAD |
28/08/2015 |
- |
- |
100000000.0 |
HP-6, MAURYA ENCLAVE PITAMPURA BRANCH NEW DELHIDL110088IN |
|
3 |
B40115305 |
10357065 |
STATE BANK OF PATIALA |
11/05/2012 |
- |
- |
170000000.0 |
MANDI GOBINDGARH MANDI GOBINDGARH PB147301IN |
|
4 |
C50893965 |
10292053 |
STATE BANK OF PATIALA |
28/05/2011 |
19/03/2015 |
- |
540000000.0 |
MAIN BRANCHMANDI GOBINDGARH MANDI GOBINDGARH PB147301IN |
|
5 |
B16034530 |
10245697 |
PUNJAB NATIONAL BANK |
29/09/2010 |
03/12/2010 |
24/06/2011 |
217500000.0 |
RAILWAY ROAD, MANDI GOBINDGARH PB147301IN |
|
6 |
B02645125 |
80025842 |
BANK OF BARODA |
21/04/2006 |
04/01/2008 |
20/12/2010 |
160000000.0 |
MOTIA KHAN MANDI GOBINDGARH PB147301IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 64.80 |
|
|
1 |
INR 92.26 |
|
Euro |
1 |
INR 80.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
NKT |
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.