|
|
|
MIRA INFORM REPORT
|
Report No. : |
500203 |
|
Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUDIVA SPINNERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
91 K.M. Stone, N.H. 79, Village–Dhunwalia, P.O. Sareri, Tehsil -
Hurda, Bhilwara – 311024, Rajasthan |
|
Tel. No.: |
91-1483-236888 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
15.01.2007 |
|
|
|
|
Com. Reg. No.: |
17-023649 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 137.892 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101RJ2007PTC023649 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS5788C |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
08AAKCS5788C1ZX |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and supplier of cotton yarn, polyester cotton yarn,
viscose yarn and blended yarn, etc. (Registered Activity and also Confirmed
by management) |
|
|
|
|
No. of Employees
: |
600 (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 140000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2007. It is a manufacturer and supplier
of cotton yarn, polyester cotton yarn and viscose yarn. For the financial year 2017, the company has achieved a massive growth
in its revenue as compared to previous year and has reported an average
profit margin of 3.99%. The sound financial profile of the company is marked by adequate
networth base along with average debt coverage indicators. However, these rating strengths are partially offset by unfavourable
gap between trade payable and trade receivables. Business is active. Payment seems to 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 |
ICRA |
|
Rating |
Long term fund based bank facilities=BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
27.09.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fund based bank facilities=A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
27.09.2017 |
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 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. Suresh Chandra Jaiswal |
|
Designation : |
General Manager |
|
Contact No.: |
91-9413358758 |
|
Date : |
27.03.2018 |
LOCATIONS
|
Registered Office / Factory 1 : |
91 K.M. Stone, N.H. 79, Village–Dhunwalia, P.O. Sareri, Tehsil -
Hurda, Bhilwara – 311024, Rajasthan, India |
|
Tel. No.: |
91-1483-236888 |
|
Mobile No.: |
91-9413358758 (Mr. Suresh Chandra Jaiswal) |
|
Fax No.: |
91-1483-236988 |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory 2 : |
B-329, R.K. Colony, Bhilwara – 311001, Rajasthan, India |
|
Tel. No.: |
91-1482-235567 |
|
Fax No.: |
91-1482-235567 |
|
|
|
|
Branch Office : |
1-F-33, Old Housing Board, Shastri Nagar, Bhilwara – 311001,
Rajasthan, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Varun Laddha |
||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||
|
Address : |
37, Kamla Enclave Chittorgarh Road, Bhilwara – 311001, Rajasthan, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
08.09.1980 |
||||||||||||||||||||||||
|
Date of Appointment : |
01.05.2007 |
||||||||||||||||||||||||
|
PAN No.: |
ABLPL2071Q |
||||||||||||||||||||||||
|
DIN No.: |
01635880 |
||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Jagdish Chandra Laddha |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
37, Kamla Enclave Chittorgarh Road, Bhilwara – 311001, Rajasthan, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
12.12.1949 |
||||||||||||||||||||||||
|
Date of Appointment : |
15.01.2007 |
||||||||||||||||||||||||
|
PAN No.: |
AADPL6272E |
||||||||||||||||||||||||
|
DIN No.: |
00118527 |
||||||||||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Sunita Laddha |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
37, Kamla Enclave Chittorgarh Road, Bhilwara – 311001, Rajasthan, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1951 |
||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2009 |
||||||||||||||||||||||||
|
PAN No.: |
AAHPL7884J |
||||||||||||||||||||||||
|
DIN No.: |
01748014 |
||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Rahul Chowdhri |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Villa No. 6, Purvapark Ridge, Mahadevapura Goshal Road, Outer Ring Road, Bangalore – 560048, Karnataka, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
19.06.1974 |
||||||||||||||||||||||||
|
Date of Appointment : |
05.03.2007 |
||||||||||||||||||||||||
|
DIN No.: |
02013700 |
||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Tanisha Laddha |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
37, Kamla Enclave Chittorgarh Road, Bhilwara – 311001, Rajasthan, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
04.01.1983 |
||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2009 |
||||||||||||||||||||||||
|
DIN No.: |
02683462 |
||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Yogesh Kumar Singhal |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 202, Amaltash- A, Navkar Green, Kanchi Puram, Bhilwara – 311001, Rajasthan, India |
|
Date of Appointment : |
01.06.2016 |
|
PAN No.: |
BKYPS2121P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Jagdish Chandra Laddha |
8073961 |
58.55 |
|
Varun Laddha |
1327765 |
9.63 |
|
Sunita Laddha |
1526842 |
11.07 |
|
Elcon Finvest Enterprises Private Limited, India |
2624275 |
19.03 |
|
Tanisha Laddha |
236368 |
1.72 |
|
Total |
13789211 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
80.97 |
|
Promoters (Body corporate) |
19.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and supplier of cotton yarn, polyester cotton yarn,
viscose yarn and blended yarn, etc. (Registered Activity and also Confirmed
by management) |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Materials |
||||
|
Countries : |
Australia |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cheque and Others (RTGS) |
||||
|
|
|
||||
|
Purchasing : |
Cheque and Others (RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
600 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
SSMS and Associates Chartered Accountants |
|
Address : |
16, Basement, Heera Panna Market, Pur Road, Bhilwara-311001, Rajasthan, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACPFS4120G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
|
|
|
|
Other related
parties : |
|
CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital : INR 200.000 Million
Issued, Subscribed & Paid-up Capital : INR 151.446
Million
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13789211 |
Equity Shares |
INR 10/- each |
INR 137.892
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 |
137.892 |
137.892 |
112.103 |
|
(b) Reserves and Surplus |
340.856 |
243.917 |
130.509 |
|
(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) |
478.748 |
381.809 |
242.612 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
848.933 |
971.464 |
150.974 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
10.886 |
|
(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) |
848.933 |
971.464 |
161.860 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
482.864 |
331.425 |
102.538 |
|
(b) Trade
payables |
40.800 |
40.231 |
2.186 |
|
(c) Other current
liabilities |
168.233 |
136.937 |
55.245 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.014 |
|
Total Current
Liabilities (4) |
691.897 |
508.593 |
159.983 |
|
|
|
|
|
|
TOTAL |
2019.578 |
1861.866 |
564.455 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1218.480 |
1235.818 |
256.043 |
|
(ii)
Intangible Assets |
7.531 |
1.734 |
1.554 |
|
(iii) Tangible assets
capital work-in-progress |
8.225 |
4.814 |
78.682 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.432 |
7.653 |
0.000 |
|
(d)
Long-term loans and advances |
2.847 |
7.008 |
56.000 |
|
(e) Other Non-current
assets |
0.080 |
0.200 |
0.690 |
|
Total Non-Current
Assets |
1237.595 |
1257.227 |
392.969 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
244.004 |
212.377 |
74.419 |
|
(c) Trade
receivables |
294.416 |
242.510 |
70.035 |
|
(d) Cash and
bank balances |
10.806 |
1.720 |
0.592 |
|
(e)
Short-term loans and advances |
232.637 |
147.912 |
6.689 |
|
(f) Other
current assets |
0.120 |
0.120 |
19.751 |
|
Total
Current Assets |
781.983 |
604.639 |
171.486 |
|
|
|
|
|
|
TOTAL |
2019.578 |
1861.866 |
564.455 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2428.467 |
1167.651 |
873.703 |
|
|
Other Income |
6.907 |
0.764 |
3.114 |
|
|
TOTAL |
2435.374 |
1168.415 |
876.817 |
|
|
|
(Due to business growth) |
||
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1637.751 |
750.341 |
595.218 |
|
|
Purchases of Stock-in-Trade |
0.874 |
2.587 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(7.904) |
3.981 |
(1.107) |
|
|
Employee benefit expense |
91.770 |
35.212 |
20.288 |
|
|
CSR expenditure |
2.006 |
0.372 |
0.000 |
|
|
Other expenses |
366.441 |
151.038 |
104.150 |
|
|
TOTAL |
2090.938 |
943.531 |
718.549 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
344.436 |
224.884 |
158.268 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
89.637 |
61.368 |
30.881 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
254.799 |
163.516 |
127.387 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
162.441 |
90.564 |
77.070 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
92.358 |
72.952 |
50.317 |
|
|
|
|
|
|
|
Less |
TAX |
(4.581) |
(18.351) |
11.374 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
96.939 |
91.303 |
38.943 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
642.536 |
188.619 |
214.598 |
|
|
TOTAL EARNINGS |
642.536 |
188.619 |
214.598 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
239.070 |
24.076 |
0.000 |
|
|
Components and spare
parts |
19.013 |
8.418 |
21.818 |
|
|
Capital Goods |
10.141 |
302.208 |
0.000 |
|
|
TOTAL IMPORTS |
268.224 |
334.702 |
21.818 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
7.03 |
6.90 |
3.83 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
138.062 |
105.910 |
47.984 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
210.960 |
(131.176) |
224.114 |
|
Net cash flow from operating activity |
191.832 |
(141.713) |
214.061 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
44.25 |
75.81 |
29.26 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
8.25 |
4.81 |
12.48 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
9.09 |
19.50 |
1.34 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.41 |
1.06 |
2.13 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.28 |
0.18 |
0.47 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.83 |
0.85 |
0.64 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.07 |
3.69 |
1.24 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.45 |
1.33 |
0.66 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.58 |
3.25 |
1.39 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.84 |
3.66 |
5.13 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
3.99 |
7.82 |
4.46 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.80 |
4.90 |
6.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
20.25 |
23.91 |
16.05 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.13 |
1.19 |
1.07 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.78 |
0.77 |
0.61 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.24 |
0.21 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
10.66 |
10.22 |
2.69 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.13 |
1.19 |
1.07 |
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 |
112.103 |
137.892 |
137.892 |
|
Reserves & Surplus |
130.509 |
243.917 |
340.856 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
242.612 |
381.809 |
478.748 |
|
|
|
|
|
|
Long-term borrowings |
150.974 |
971.464 |
848.933 |
|
Short term borrowings |
102.538 |
331.425 |
482.864 |
|
Current maturities of
long-term debts |
47.984 |
105.910 |
138.062 |
|
Total
borrowings |
301.496 |
1408.799 |
1469.859 |
|
Debt/Equity
ratio |
1.243 |
3.690 |
3.070 |
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 |
873.703 |
1167.651 |
2428.467 |
|
|
|
33.644 |
107.979 |
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 |
873.703 |
1167.651 |
2428.467 |
|
Profit/ (Loss) |
38.943 |
91.303 |
96.939 |
|
|
4.46
% |
7.82
% |
3.99
% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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% |
Yes |
|
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 |
NOTE: As confirmed by management the registered office of the company has been shifted from “1-F-33, Old Housing Board, Shastri Nagar, Bhilwara – 311001, Rajasthan, India” to the present address
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
4.00 |
4.000 |
|
Loans and advances from others |
10.900 |
0.000 |
|
Total |
14.900 |
4.000 |
INDEX
OF CHARGES
|
Charges Registered |
|||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G74277153 |
100147403 |
Bank of Baroda |
19/12/2017 |
26/12/2017 |
1710000000.0 |
Nagori Garden Branch Bhilwara RAJASTHAN 311001 INDIA |
|
2 |
G72220460 |
100143328 |
State Bank of India |
05/12/2017 |
- |
39000000.0 |
Industrial Estate Branch Pur Road Bhilwara RAJASTHAN 311001 INDIA |
|
3 |
G36174282 |
100077902 |
HDFC BANK LIMITED |
31/01/2017 |
- |
730000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
4 |
G21615042 |
100059706 |
HDFC BANK LIMITED |
17/10/2016 |
- |
1172000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
5 |
G15528870 |
100054780 |
HDFC BANK LIMITED |
19/09/2016 |
- |
1808000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
6 |
G14724090 |
100054027 |
State Bank of Bikaner and Jaipur |
15/09/2016 |
- |
305000000.0 |
MCB, INDUSTRIAL ESTATE BHILWARA RAJASTHAN 311001 INDIA |
|
7 |
C71370639 |
10604695 |
State Bank of Bikaner and Jaipur |
07/11/2015 |
- |
70000000.0 |
MCB, INDUSTRIAL ESTATE BHILWARA RAJASTHAN 311001 INDIA |
|
8 |
C55676092 |
10573344 |
HDFC BANK LIMITED |
13/05/2015 |
- |
1750000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
9 |
C57136509 |
10548846 |
EXPORT IMPORT BANK OF INDIA |
29/01/2015 |
08/06/2015 |
360000000.0 |
CENTRE ONE BUILDING, FLOOR 21,WORLD TRADE CENTRE COMPLEX, CUFFEE PARADE MUMBAI MAHARASHTRA 400005 INDIA |
|
10 |
C57055923 |
10532320 |
Syndicate Bank |
30/10/2014 |
08/06/2015 |
500000000.0 |
Bhilwara MID Corporate Branch Budh Plazza 2nd Basant Vihar, Opp. Circuit House Bhilwara RAJASTHAN 311001 INDIA |
FIXED ASSETS
- Land
- Buildings
- Residential building
- Office building
- Factory building
- Other building
- Plant and equipment
- Emission reduction equipment
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor 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,
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 : |
ARC |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
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.