|
|
|
MIRA INFORM REPORT
|
Report No. : |
500737 |
|
Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
JAINARAIN FABTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-1, Shambhu Nagar, Baghpat Road, Meerut – 250002, Uttar Pradesh
|
|
Mobile No.: |
91-9410036100 (Mr. Rohit Maheshwari) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.12.2013 |
|
|
|
|
Com. Reg. No.: |
20- 061398 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 120.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17121UP2013PTC061398 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
09AADCJ2313B1Z6 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCJ2313B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer,
exporter and importer of polyester fibre. [Registered activity and also
confirmed by management] |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Recently commenced operations |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2013. It is a manufacturer, exporter and
importer of polyester fibre. Mr. Rohit Maheshwari (Director) has claimed that the subject commenced its business activities since October 2016. For the financial year 2017, the company has achieved INR 718.710 million but has incurred operational loss. The moderate financial risk profile of the company is marked by negative
reserve base due to operational loss along with slightly high debt balance
sheet profile. Payment seems to be slow. In view of aforesaid, the company can be considered for business
dealings with caution. |
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
NOT AVAILABLE
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 29.03.2018
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
|
Name : |
Mr. Rohit Maheshwari |
|
Designation : |
Director |
|
Contact No.: |
91-9410036100 |
|
Date : |
29.03.2018 |
LOCATIONS
|
Registered Office : |
B-1, Shambhu Nagar, Baghpat Road, Meerut – 250002, Uttar
Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9410036100 (Mr. Rohit Maheshwari) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Works: |
Khasra No. 68, Village EKLA, Opposite Mohiuddinpur Sugar Mill, Gejha Raod, Meerut – 250205, Uttar Pradesh, India |
|
Tel. No.: |
91-121-2441091 |
|
Fax No.: |
91-121-2441070 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rajesh Maheshwari |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
B-4, Shambhu Nagar, Baghpat Road, Meerut – 250002, Uttar
Pradesh, India |
||||||||||||||||
|
Date of Appointment : |
30.09.2017 |
||||||||||||||||
|
DIN No.: |
00781818 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Rahul Maheshwari |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
B-4, Shambhu Nagar, Baghpat Road, Meerut – 250002, Uttar
Pradesh, India |
||||||||||||||||
|
Date of Birth/Age : |
17.03.1984 |
||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||
|
Date of Appointment : |
19.12.2013 |
||||||||||||||||
|
DIN No.: |
03121121 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Rohit Maheshwari |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
B-4, Shambhu Nagar, Baghpat Road, Meerut – 250002, Uttar
Pradesh, India |
||||||||||||||||
|
Date of Birth/Age : |
18.06.1988 |
||||||||||||||||
|
Qualification: |
B.Tech. |
||||||||||||||||
|
Date of Appointment : |
19.12.2013 |
||||||||||||||||
|
DIN No.: |
03121150 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Harshit Maheshwari |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
H.No. B-4 Shambhu Nagar, Meerut – 250002, Uttar Pradesh,
India |
||||||||||||||||
|
Date of Appointment : |
20.03.2015 |
||||||||||||||||
|
DIN No.: |
07135956 |
||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Harvinder Kaur |
|
Designation : |
Company Secretary |
|
Address : |
House No. 37, Lal Kurti Cantt, Kanpur- 208004, Uttar
Pradesh, India |
|
Date of Appointment : |
01.03.2017 |
|
PAN No.: |
COMPK0028Q |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rohit Maheshwari |
|
1494990 |
|
Rahul Maheshwari |
|
1499990 |
|
Rachit Maheshwari |
|
901000 |
|
Jai Shree Maheshwari |
|
780000 |
|
Dinesh Chand Maheshwari |
|
934990 |
|
Pushpa Devi |
|
900000 |
|
Rajesh Maheshwari |
|
1050000 |
|
Umesh Chand Maheshwari |
|
999990 |
|
Harshit Maheshwari |
|
1000000 |
|
Sushma Bhatter |
|
500000 |
|
Renu Bhatter |
|
1000000 |
|
Maheshwari Oxygen Private Limited, India |
|
389000 |
|
Rajesh Maheshwari (Karta) Rajesh Maheshwari – HUF |
|
550000 |
|
Dinesh Chand Maheshwari – HUF |
|
10 |
|
Rahul Maheshwari (Karta) Rahul
Maheshwari – HUF |
|
10 |
|
Rohit Maheshwari-HUF |
|
10 |
|
Umesh Chand Maheshwari (Karta) Umesh Chand Maheshwari – HUF |
|
10 |
|
Total |
|
12000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
exporter and importer of polyester fibre. [Registered activity and also
confirmed by management] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Europe |
|
|
|
|
Imports : |
|
|
Products : |
Raw materials |
|
Countries : |
Thailand |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Others (RTGS) |
|
|
|
|
Purchasing : |
L/C and Others (RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Customers : |
Manufacturer
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
300 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
U.Kumar and Associates Chartered Accountants |
|
Address : |
189, Nandan Garden,W.K. Road, Meerut-250002, Uttar Pradesh, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFU6186B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AFTER 30.09.2017
Authorised Capital : INR 130.000 Million
Issued, Subscribed & Paid-up Capital : INR 130.000
Million
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,000,000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,000,000 |
Equity Shares |
INR 10/- each |
INR 120.000 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 |
120.000 |
80.000 |
5.000 |
|
(b) Reserves &
Surplus |
(1.899) |
0.000 |
0.000 |
|
(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) |
118.101 |
80.000 |
5.000 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
413.455 |
220.840 |
52.820 |
|
(b) Deferred tax
liabilities (Net) |
7.807 |
0.000 |
0.000 |
|
(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) |
421.262 |
220.840 |
52.820 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
123.918 |
0.000 |
0.000 |
|
(b) Trade payables |
138.054 |
68.661 |
0.000 |
|
(c) Other current
liabilities |
5.237 |
0.000 |
0.020 |
|
(d) Short-term provisions |
15.140 |
0.120 |
0.000 |
|
Total Current Liabilities
(4) |
282.349 |
68.781 |
0.020 |
|
|
|
|
|
|
TOTAL |
821.712 |
369.621 |
57.840 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
568.088 |
17.710 |
17.140 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
279.188 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.645 |
9.881 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.800 |
4.800 |
0.000 |
|
(e) Other Non-current
assets |
6.254 |
15.967 |
0.310 |
|
Total Non-Current Assets |
582.787 |
327.546 |
17.450 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
117.769 |
2.602 |
0.000 |
|
(c) Trade receivables |
109.804 |
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
4.941 |
14.455 |
0.328 |
|
(e) Short-term loans and
advances |
6.411 |
25.018 |
40.062 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
238.925 |
42.075 |
40.390 |
|
|
|
|
|
|
TOTAL |
821.712 |
369.621 |
57.840 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
718.710 |
0.000 |
0.000 |
|
|
Other Income |
0.646 |
0.000 |
0.000 |
|
|
TOTAL |
719.356 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
756.404 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(115.167) |
0.000 |
0.000 |
|
|
Employees benefits
expense |
10.090 |
0.000 |
0.000 |
|
|
Other expenses |
9.838 |
0.000 |
0.000 |
|
|
Extraordinary items |
0.268 |
0.000 |
0.000 |
|
|
TOTAL |
661.433 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
57.923 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
33.466 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
24.457 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
17.159 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
7.298 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less |
TAX |
9.197 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(1.899) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.91) |
0.00 |
0.00 |
Expected Sales (2017-2018): INR 1500.000 Million
The above information has been parted by Mr. Rohit Maheshwari
(Director)
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 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
66.651 |
0.000 |
0.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
55.76 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.55 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
66.62 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.49 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.10 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.85 |
0.78 |
0.91 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
4.55 |
2.76 |
10.56 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.39 |
0.86 |
0.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
4.81 |
3.71 |
3.43 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.73 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(0.26) |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(0.23) |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(1.61) |
0.00 |
0.00 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.85 |
0.61 |
2019.50 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.43 |
0.57 |
2019.50 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.14 |
0.22 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.48 |
2.76 |
10.56 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.85 |
0.61 |
2019.50 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
5.000 |
80.000 |
120.000 |
|
Reserves & Surplus |
0.000 |
0.000 |
(1.899) |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5.000 |
80.000 |
118.101 |
|
|
|
|
|
|
Long Term borrowings |
52.820 |
220.840 |
413.455 |
|
Short Term borrowings |
0.000 |
0.000 |
123.918 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
52.820 |
220.840 |
537.373 |
|
Debt/Equity
ratio |
10.564 |
2.761 |
4.550 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
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:
Subject was incorporated on 19th December, 2013. The Company is engaged primarily in the business of manufacturing of Polyester Staple Fiber.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from directors |
33.395 |
47.359 |
|
Loans and advances from others |
49.168 |
38.895 |
|
Total |
82.563 |
86.254 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
AMOUNT |
ADDRESS |
|
1 |
G61543997 |
100133095 |
HDFC
BANK LIMITED |
21/08/2017 |
116000000.0 |
HDFC
BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G61544862 |
100133101 |
HDFC
BANK LIMITED |
21/08/2017 |
146000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G47805882 |
100107992 |
PUNJAB
NATIONAL BANK |
24/03/2017 |
10000000.0 |
SPORTS
COMPLEXDELHI ROADMEERUTUP250002IN |
|
4 |
G39464953 |
100086205 |
PUNJAB
NATIONAL BANK |
08/07/2016 |
110900000.0 |
SPORTS
COMPLEX,MEERUTUP250002IN |
|
5 |
C72321870 |
10606406 |
PUNJAB
NATIONAL BANK |
03/11/2015 |
615000000.0 |
SPORTS
COMPLEXMEERUTUP250002IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- 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,
1] INFORMATION ON DESIGNATED
PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.