|
|
|
MIRA
INFORM REPORT
|
Report No. : |
500663 |
|
Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MACEDON VINIMAY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1, N. N. Samaddar Road, Talbanda, P.O. Jugberia, 24-Parganas (North), Kolkata
– 700110, West Bengal |
|
Tel. No.: |
91-33-25377270 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
23.02.1995 |
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|
|
|
Com. Reg. No.: |
21-068639 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 6.085 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109WB1995PTC068639 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19AACCM3158J1Z9 |
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|
|
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TIN No: |
19490805096 |
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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.] |
AACCM3158J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
· Manufacturing of parts of coach works of railway running stock and FRP/ pultruded ladder meter enclosure and other utility products. · Manufacturer of electricity distribution and control apparatus. · Manufacturer of other iron and steel casting and products thereof. [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 290000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow |
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|
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1995. It manufactures fibre
reinforced plastic (FRP) – based products primarily for the railways and the
power industries. For the financial year 2017, the company has achieved revenue growth
of 5.53% as compared to the previous year along with an average profit margin
of 3.65%. The satisfactory financial risk profile of the company is marked by
adequate networth base along with negligible debt balance sheet profile Rating takes into consideration the subject’s healthy earnings per
share of INR 24.07 against the face value of INR 10. Rating takes into account the subject’s long established track record
of business operations along with extensive experience of its promoters. Payment seems to be slow. 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 Borrowing (BB) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
11.07.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Borrowing (A4+) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
11.07.2017 |
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 28.03.2018
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
91-9831578702 (Not Reachable)
Management non-cooperative (Tel No.: 91-9903055393/ 91-33-22310770)
91-33-25374288/ 7271 (Not Exists)
LOCATIONS
|
Registered Office / Factory : |
1, N. N. Samaddar Road, Talbanda, P.O.-Jugberia, District 24-Parganas (North),
Kolkata – 700110, West Bengal, India |
|
Tel. No.: |
91-33-25377270 |
|
Fax No.: |
91-33-25377270 |
|
E-Mail : |
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|
Website : |
|
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Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
City Office 1: |
The Legacy, 25A Shakespeare Sarani, 3rd Floor, Unit No. 38A, Kolkata - 700 017, West Bengal, India |
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|
|
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City Office 2: |
28, Stand Road, 3rd Floor, Kolkata – 700001, West Bengal,
India |
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Tel. No.: |
91-33-22303180 / 3704 |
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Fax No.: |
91-33-22104706 |
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|
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Marketing Office : |
13A, Government Place East, 2nd Floor, Rangers Club, Kolkata – 700069, West Bengal, India |
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Tel. No.: |
91-33-40080579/ 22315111/ 5112 |
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Fax No.: |
91-33-22310770/ 71 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Mahesh Kumar Dhanuka |
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|
Designation : |
Director |
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Address : |
Space Town, Block-3, Flat No. 4/M, V.I.P. Road, Raghunathpur, Kolkata
– 700052, West Bengal, India |
||||||||||||
|
Date of Appointment : |
10.03.2016 |
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DIN No.: |
00569103 |
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Other Directorship:
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||||||||||||
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Name : |
Mr. Gaurav Dhanuka |
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Designation : |
Director |
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|
Address : |
Space Town, Block-3, Flat No. 4/M, V.I.P. Road, Raghunathpur, Kolkata
– 700052, West Bengal, India |
||||||||||||
|
Date of Appointment : |
17.08.2017 |
||||||||||||
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DIN No.: |
00569378 |
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Other Directorship:
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||||||||||||
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Name : |
Mr. Pratik Dhanuka |
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Designation : |
Director |
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|
Address : |
Space Town Block 3, Flat 4M VIP Road, Raghunathpur, Kolkata – 700052,
West Bengal, India |
||||||||||||
|
Date of Appointment : |
17.08.2017 |
||||||||||||
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DIN No.: |
07495038 |
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Babulal Dhanuka |
|
60000 |
|
Kishan Dhanuka |
|
43500 |
|
Narayan Dhanuka |
|
40000 |
|
Neeta Dhanuka |
|
20000 |
|
Chandrakala Devi Dhanuka |
|
100000 |
|
Mahesh Sharma |
|
10250 |
|
Hemant Kumar Bhojnagarwala |
|
1775 |
|
Umesh Kumar Bhojnagarwala |
|
875 |
|
Siddhartha Bhojnagarwala |
|
750 |
|
S N R Trading Company Private Limited, India |
|
144000 |
|
Pankaj Dhanuka |
|
65000 |
|
Kamlesh Trade and Agency Private Limited, India |
|
15000 |
|
Ratanmani Commercial Private Limited, India |
|
15000 |
|
Ganesha Bottling and Beverages Private Limited, India |
|
7500 |
|
Mithila Bottling and Beverages Private Limited, India |
|
7500 |
|
Mahesh Kumar Dhanuka |
|
77310 |
|
|
|
|
|
Total |
|
608460 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
30.54 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
38.40 |
|
Public/Other than promoters [Body corporate] |
31.06 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturing of parts of coach works of railway running stock and FRP/ pultruded ladder meter enclosure and other utility products. · Manufacturer of electricity distribution and control apparatus. · Manufacturer of other iron and steel casting and products thereof. [Registered Activity] |
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Products / Services
: |
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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 Available |
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Imports : |
Not Available |
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|
||||
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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 : |
Not Divulged |
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Bankers : |
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Facilities : |
NOTES: SHORT TERM BORROWINGS Primary Cash Credit: Exclusive hypothecation charge over stock, receivables and other
current assets of the company, both present and future. |
|
Auditors : |
|
|
Name : |
Surana Naveen Vikash and Company Chartered Accountants |
|
Address : |
P-11, New Howrah Bridge, Approach Road, Kolkata – 700001, West Bengal,
India |
|
Tel. No.: |
91-33-22351187 / 0520 |
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Fax No.: |
91-33-22350520 |
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E-Mail : |
|
|
Website : |
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PAN No.: |
AAQFS6728P |
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|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
608460 |
Equity Shares |
INR 10/- each |
INR 6.085 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 |
6.085 |
6.085 |
6.085 |
|
(b) Reserves & Surplus |
95.242 |
80.595 |
78.017 |
|
(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) |
101.327 |
86.680 |
84.102 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.459 |
9.434 |
21.254 |
|
(b) Deferred tax liabilities (Net) |
5.923 |
5.148 |
5.169 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
22.196 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
7.382 |
14.582 |
48.619 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
152.331 |
157.760 |
106.905 |
|
(b) Trade
payables |
119.596 |
110.291 |
124.651 |
|
(c) Other
current liabilities |
20.573 |
19.254 |
15.124 |
|
(d) Short-term
provisions |
8.692 |
1.923 |
1.451 |
|
Total Current
Liabilities (4) |
301.192 |
289.228 |
248.131 |
|
|
|
|
|
|
TOTAL |
409.901 |
390.490 |
380.852 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
122.955 |
111.370 |
118.932 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
9.553 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.775 |
0.657 |
0.020 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
123.730 |
121.580 |
118.952 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
21.753 |
21.568 |
17.591 |
|
(b)
Inventories |
47.202 |
72.106 |
86.562 |
|
(c) Trade
receivables |
152.507 |
126.381 |
134.410 |
|
(d) Cash
and cash equivalents |
0.832 |
1.457 |
0.948 |
|
(e)
Short-term loans and advances |
54.884 |
41.183 |
3.701 |
|
(f) Other
current assets |
8.993 |
6.215 |
18.688 |
|
Total
Current Assets |
286.171 |
268.910 |
261.900 |
|
|
|
|
|
|
TOTAL |
409.901 |
390.490 |
380.852 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
401.694 |
380.663 |
295.104 |
|
|
Other Income |
6.301 |
4.283 |
10.539 |
|
|
TOTAL |
407.995 |
384.946 |
305.643 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
271.827 |
279.043 |
232.869 |
|
|
Purchases of
Stock-in-Trade |
12.893 |
16.645 |
18.273 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.121) |
11.552 |
(5.215) |
|
|
Employees benefits
expense |
19.084 |
12.886 |
12.603 |
|
|
Power and Fuel |
7.394 |
7.177 |
7.236 |
|
|
Other expenses |
40.809 |
20.833 |
9.726 |
|
|
TOTAL |
351.886 |
348.136 |
275.492 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
56.109 |
36.810 |
30.151 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
25.133 |
20.698 |
17.737 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
30.976 |
16.112 |
12.414 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
9.191 |
8.767 |
8.620 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
21.785 |
7.345 |
3.794 |
|
|
|
|
|
|
|
Less |
TAX |
7.138 |
(2.602) |
1.182 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
14.647 |
9.947 |
2.612 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
24.07 |
16.35 |
4.57 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
8.700 |
11.819 |
11.097 |
|
Cash generated from operations |
56.655 |
34.190 |
(35.005) |
|
Net cash flow from operating activities |
56.655 |
34.190 |
(35.005) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
138.58 |
121.18 |
166.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.63 |
3.01 |
2.20 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
153.32 |
136.14 |
181.16 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.19 |
0.51 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.46 |
0.30 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.76 |
0.80 |
0.74 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.60 |
2.07 |
1.66 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.97 |
3.34 |
2.95 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.21 |
1.40 |
1.41 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.23 |
1.78 |
1.70 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
3.65 |
2.61 |
0.89 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.57 |
2.55 |
0.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
14.46 |
11.48 |
3.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.95 |
0.93 |
1.06 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.79 |
0.68 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.25 |
0.22 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
26.70 |
29.42 |
22.89 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.95 |
0.93 |
1.06 |
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 |
6.085 |
6.085 |
6.085 |
|
Reserves & Surplus |
78.017 |
80.595 |
95.242 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
84.102 |
86.680 |
101.327 |
|
|
|
|
|
|
long-term borrowings |
21.254 |
9.434 |
1.459 |
|
Short term borrowings |
106.905 |
157.760 |
152.331 |
|
Current maturities of
long-term debts |
11.097 |
11.819 |
8.700 |
|
Total
borrowings |
139.256 |
179.013 |
162.490 |
|
Debt/Equity
ratio |
1.656 |
2.065 |
1.604 |
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 |
295.104 |
380.663 |
401.694 |
|
|
|
28.993 |
5.525 |
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 |
295.104 |
380.663 |
401.694 |
|
Profit /(Loss) |
2.612 |
9.947 |
14.647 |
|
|
0.89% |
2.61% |
3.65% |
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 two/ 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 |
STATE OF THE COMPANY'S AFFAIRS AND FUTURE
OUTLOOK
The Company is engaged in the business of manufacturing of parts of coach works of Railway running stock and FRP/Paltruted ladder meter enclosure and other electrical utility products. There has been no change in the business of the Company during the financial year ended 31st March, 2017.
The highlights of the Company's performance
are as under:-
· Revenue from operations experienced a growth of 5.52%.
· Profit for the year has increased drastically to INR 21.785 million.
· Earnings per share have increased to INR 24.07.
The increase in profitability as mentioned above is accredited to an increase in sale of manufactured and traded goods in comparison to the last financial year along with statutory adjustments.
· Revenue of the last FY i.e. 2015-16 INR 380.663 million.
· Revenue of the current FY i.e. 2016-17 INR 401.694 million.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
From Body
Corporates |
62.364 |
57.039 |
|
|
|
|
|
Total |
62.364 |
57.039 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G03175965 |
10395232 |
West Bengal Financial Corporation |
11/12/2012 |
29/03/2016 |
- |
95000000.0 |
DD-22 , Salt lake, Sector 1 Kolkata West Bengal 700064, India |
|
2 |
G03216173 |
10145254 |
Allahabad Bank |
23/12/2008 |
22/03/2016 |
- |
200000000.0 |
SME Finance Branch7, Red Cross Place, Kolkata 700001, West Bengal, India |
|
3 |
B36738144 |
90248229 |
UCO Bank |
06/05/2002 |
04/01/2007 |
24/03/2012 |
19221000.0 |
Park Street Branch 75C, Park Street, 1st Floor, Kolkata 700016, West Bengal, India |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Cable and electrification
·
Air Conditioner
·
Air Turbine Ventilator
·
Generator
·
Tools
·
Type Writer
·
Fax machine
·
Xerox machine
·
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 : |
SVT |
|
|
|
|
Analysis Done by
: |
PYK |
|
|
|
|
Report Prepared
by : |
MTN |
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.