|
|
|
MIRA INFORM REPORT
|
Report No. : |
500006 |
|
Report Date : |
27.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
RATIONAL BUSINESS CORPORATION PRIVATE LIMITED |
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|
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|
Registered
Office : |
Bahalgarh Chowk, Delhi-Sonipat Road, Sonipat - 131001, Haryana |
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Tel. No.: |
91-11-42563500 |
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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 : |
10.01.2006 |
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Com. Reg. No.: |
05-041196 |
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Capital
Investment / Paid-up Capital : |
INR 49.896 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U21017HR2006PTC041196 |
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IEC No.: |
Not Divulged |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AADCR1837J |
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TIN No.: |
07460134855 [New Delhi] 06793007636 [Haryana] |
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GST No.: |
07AADCR1837J1ZA |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Paper and Paper Board. [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 499400 |
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|
|
|
Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporate in the year 2006. It is a Manufacture of Paper and Paper Board. For the financial year 2017, the revenue of the company has increased by 3.57% along with Profit Margin of 0.54%. The rating takes into consideration the sound financial year profile of the company marked by significant networth base along with average debt coverage indicators. Business is active. Payments to be usually 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 |
CRISIL |
|
Rating |
Long Term [Issuer not Cooperating] = BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
26.09.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term [Issuer not Cooperating] = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
26.09.2017 |
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. Niraj |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-11-42563500 |
|
Date : |
24.03.2018 |
LOCATIONS
|
Registered Office : |
Bahalgarh Chowk, Delhi-Sonipat Road, Sonipat - 131001, Haryana,
India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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Corporate Office : |
N-10, Satyawati Nagar, Ashok Vihar, Phase III, New Delhi - 110052,
India |
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Tel. No.: |
91-11-42563500 |
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Fax No.: |
91-11-42563599 |
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E-Mail : |
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|
|
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Factory 1 : |
Plot No. 74, HSIIDC Industrial Estate, Sector-57, Sector-IV, Kundli, Haryana, India |
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Factory 2 : |
18/6 Miles, G.T Road, Village Rasoli, Near Rasoi Dhaba, District Sonipat, Haryana, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Ashish Gupta |
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|
Designation : |
Director |
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Address : |
B-26, 1st Floor, Satyawati Colony, Ashok Vihar-III, Delhi-110052, India |
||||||||||
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Date of Birth/Age : |
22.02.1975 |
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Qualification : |
B Com |
||||||||||
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Date of Appointment : |
10.01.2006 |
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DIN No.: |
00023146 |
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||||||||||
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Name : |
Mr. Ashok Gupta |
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Designation : |
Director |
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|
Address : |
B-26, 2nd Floor, Satyawati Colony, Ashok Vihar-III, Delhi-110052, India |
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|
Date of Birth/Age : |
04.09.1968 |
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Qualification : |
B Com |
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Date of Appointment : |
10.01.2006 |
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DIN No.: |
00023505 |
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KEY EXECUTIVES
|
Name : |
Mr. Niraj |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders [Equity Shares] |
No. of Shares |
Percentage of
Holding |
|
Ashok Gupta |
29800 |
26.00 |
|
Ashish Gupta |
29800 |
26.00 |
|
Anubha Gupta |
55000 |
48.00 |
|
|
|
|
|
Total |
114600 |
100.00 |
|
Names of Shareholders [Preference Shares] |
No. of Shares |
Percentage of
Holding |
|
Anubha Gupta [2% Preference Shares of INR 100 Each redeemable after 10 years at a premium of INR 200 per Share] |
425000 |
87.18 |
|
Anubha Gupta [2% Preference Shares of INR 100 Each redeemable after 20 years at a premium of INR 400 per Share] |
62500 |
12.82 |
|
|
|
|
|
Total |
487500 |
100.00 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Paper and Paper Board. [Registered Activity] |
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Products : |
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Brand Names : |
· Desmat · Century · X’tec · Solprint · X Print · Datapack, etc. |
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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
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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 House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India · IDFC Bank Limited KRM Tower, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai-600031, Tamilnadu, India · Standard Chartered Bank 10, Parliament Street, New Delhi-110001, India |
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Facilities : |
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|
Financial Institutions : |
· Hero Fincorp Limited 34, Community Centre, Basant Lok Vasant Vihar, New Delhi-110057, India · Tata Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai-400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Pankaj Jindal and Company Chartered Accountants |
|
Address : |
11/10, 2nd Floor, Shakti Nagar, Delhi – 110007, India |
|
PAN No.: |
ABVPJ5532A |
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|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
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|
Associate Company: |
ARS Pulp and Papers Private Limited [U74996HR2006PTC048214] |
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|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
Desmat Technologies |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
700000 |
Preference Shares |
INR 100/- each |
INR 70.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 80.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
114600 |
Equity Shares |
INR 10/- each |
INR 1.146
Million |
|
487500 |
Preference Shares |
INR 100/- each |
INR 48.750 Million |
|
|
|
|
|
|
|
Total |
|
INR 49.896
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 |
49.896 |
49.896 |
49.896 |
|
(b) Reserves & Surplus |
124.894 |
116.915 |
108.455 |
|
(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) |
174.790 |
166.811 |
158.351 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
123.856 |
93.643 |
101.623 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
20.783 |
26.975 |
24.918 |
|
(d)
long-term provisions |
23.391 |
17.600 |
14.625 |
|
Total
Non-current Liabilities (3) |
168.030 |
138.218 |
141.166 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
361.627 |
322.313 |
291.024 |
|
(b)
Trade payables |
166.919 |
144.282 |
188.234 |
|
(c)
Other current liabilities |
78.420 |
62.197 |
84.459 |
|
(d)
Short-term provisions |
14.053 |
12.529 |
11.436 |
|
Total
Current Liabilities (4) |
621.019 |
541.321 |
575.153 |
|
|
|
|
|
|
TOTAL |
963.839 |
846.350 |
874.670 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
79.623 |
100.394 |
93.796 |
|
(ii)
Intangible Assets |
1.064 |
1.064 |
0.543 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
30.331 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
9.164 |
6.620 |
5.585 |
|
(d) Long-term Loan
and Advances |
7.061 |
8.288 |
6.239 |
|
(e)
Other Non-current assets |
4.325 |
5.681 |
6.630 |
|
Total
Non-Current Assets |
131.568 |
122.047 |
112.793 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
486.968 |
438.466 |
376.387 |
|
(c)
Trade receivables |
213.190 |
199.336 |
268.160 |
|
(d)
Cash and cash equivalents |
24.285 |
22.764 |
32.820 |
|
(e)
Short-term loans and advances |
98.288 |
55.498 |
31.132 |
|
(f)
Other current assets |
9.540 |
8.239 |
53.378 |
|
Total
Current Assets |
832.271 |
724.303 |
761.877 |
|
|
|
|
|
|
TOTAL |
963.839 |
846.350 |
874.670 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1865.900 |
1801.567 |
1765.014 |
|
|
|
Other Income |
2.015 |
1.369 |
2.623 |
|
|
|
TOTAL |
1867.915 |
1802.936 |
1767.637 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
722.646 |
519.860 |
447.719 |
|
|
|
Purchases of Stock-in-Trade |
769.915 |
914.462 |
994.799 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(14.121) |
3.759 |
5.554 |
|
|
|
Employees benefits expense |
111.312 |
94.648 |
87.510 |
|
|
|
Other expenses |
195.511 |
190.463 |
164.291 |
|
|
|
TOTAL |
1785.263 |
1723.192 |
1699.873 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
82.652 |
79.744 |
67.764 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
47.201 |
49.162 |
39.904 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
35.451 |
30.582 |
27.860 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
20.771 |
18.773 |
21.971 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
14.680 |
11.809 |
5.889 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.653 |
4.164 |
1.169 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
10.027 |
7.645 |
4.720 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
|
|
|
|
|
Basic |
77.25 |
56.47 |
30.98 |
|
|
|
Diluted
|
2.01 |
1.53 |
0.95 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
6.820 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
13.259 |
37.529 |
35.843 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
7.840 |
35.482 |
31.108 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
41.70 |
40.39 |
55.45 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.75 |
9.04 |
6.58 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
40.82 |
36.72 |
47.63 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.17 |
0.18 |
0.18 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.74 |
0.79 |
0.72 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.77 |
0.75 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.78 |
2.49 |
2.52 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.55 |
3.25 |
3.63 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.64 |
0.61 |
0.60 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.75 |
1.62 |
1.70 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.54 |
0.42 |
0.27 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.04 |
0.90 |
0.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.74 |
4.58 |
2.98 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.34 |
1.34 |
1.32 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.56 |
0.53 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.18 |
0.20 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.73 |
8.34 |
8.01 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.34 |
1.34 |
1.32 |
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 |
49.896 |
49.896 |
49.896 |
|
Reserves & Surplus |
108.455 |
116.915 |
124.894 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
158.351 |
166.811 |
174.790 |
|
|
|
|
|
|
long-term borrowings |
101.623 |
93.643 |
123.856 |
|
Short term borrowings |
291.024 |
322.313 |
361.627 |
|
Current Maturities of Long
term debt |
6.820 |
0.000 |
0.000 |
|
Total
borrowings |
399.467 |
415.956 |
485.483 |
|
Debt/Equity
ratio |
2.523 |
2.494 |
2.778 |
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 |
1765.014 |
1801.567 |
1865.900 |
|
|
|
2.071 |
3.571 |
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 |
1765.014 |
1801.567 |
1865.900 |
|
Profit/ (Loss) |
4.720 |
7.645 |
10.027 |
|
|
0.27% |
0.42% |
0.54% |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G70665013 |
100141029 |
HERO FINCORP LIMITED |
27/10/2017 |
- |
- |
9166755.0 |
34, COMMUNITY CENTRE, BASANT LOKVASANT VIHARNEW DELHIDE110057IN |
|
2 |
G52025772 |
100119666 |
IDFC BANK LIMITED |
17/07/2017 |
- |
- |
50000000.0 |
KRM TOWER, 7TH FLOOR, NO. 1,HARRINGTON ROAD, CHETPET,CHENNAITA600031IN |
|
3 |
G42615302 |
100094182 |
HERO FINCORP LIMITED |
18/11/2016 |
- |
- |
3200000.0 |
34, COMMUNITY CENTRE, BASANT LOKVASANT VIHARNEW DELHIDE110057IN |
|
4 |
G49523020 |
100058982 |
IDFC BANK LIMITED |
05/11/2016 |
19/07/2017 |
- |
50000000.0 |
KRM TOWER, 7TH FLOOR, NO. 1,HARRINGTON ROAD, CHETPET,CHENNAITA600031IN |
|
5 |
G30606545 |
100067284 |
STANDARD CHARTERED BANK |
27/10/2016 |
- |
- |
7500000.0 |
10, PARLIAMENT STREETNEW DELHIDL110001IN |
|
6 |
G30610406 |
100067298 |
STANDARD CHARTERED BANK |
27/10/2016 |
- |
- |
47500000.0 |
10, PARLIAMENT STREETNEW DELHIDL110001IN |
|
7 |
G42264283 |
100064311 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
15/07/2016 |
24/03/2017 |
- |
11200000.0 |
ONE FORBES,DR. V. B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
8 |
C60420809 |
10583278 |
STANDARD CHARTERED BANK |
05/06/2015 |
- |
- |
7500000.0 |
10, PARLIAMENT STREETNEW DELHIDL110001IN |
|
9 |
G64299357 |
10451870 |
HDFC BANK LIMITED |
30/08/2013 |
19/07/2017 |
- |
155000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
C60424538 |
10304785 |
STANDARD CHARTERED BANK |
26/08/2011 |
08/06/2015 |
- |
427500000.0 |
10, PARLIAMENT STREETNEW DELHIDL110001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
82.815 |
70.244 |
|
Other loans and advances, others |
19.825 |
0.000 |
|
|
|
|
|
Total |
102.640 |
70.244 |
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from N-10
Satyawati Nagar, Delhi-110052 , India to the present address w.e.f 20.08.2010
STATE OF COMPANY'S
AFFAIRS
During
the year, the total revenue of the Company was INR 1865.900 Million against INR
1801.567 million in the previous year. The Company has earned a Profit after
tax of INR 10.027 million compared to INR 7.645 million in the previous year.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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 : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RUP |
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.