|
|
|
MIRA
INFORM REPORT
|
Report No. : |
500757 |
|
Report Date : |
30.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ARCHISHA STEELS PRIVATE LIMITED [w.e.f.11.10.2013] |
|
|
|
|
Formerly Known
As : |
ARCHISHA INVESTMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
509-510, Navratan Premises Cooperative Society, 69, P D Mello Road,
Carnac Bunder, Mumbai - 400009, Maharashtra |
|
Tel. No.: |
91-22-66100356/ 66172219 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
24.12.1981 |
|
|
|
|
Com. Reg. No.: |
11-025930 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 101.831
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27205MH1981PTC025930 |
|
|
|
|
IEC No.: |
0314051066 |
|
|
|
|
GST No.: |
27AADCA9908K1ZB |
|
|
|
|
TIN No.: |
27141053485 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCA9908K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Iron and Steel. [Confirmed by
Management and also 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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 9428000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
was incorporated in the year 1981 and it is engaged in trading of iron and
steel. Management
has failed to file its latest financials with Government Registry. As per
available financials of March 2016, the company has registered a growth of
68% in its revenue as compared to its previous year’s revenue and has
reported average profit margin of 1.18%. Rating
takes into consideration the company’s long established track record of
business operations marked by heathy financial risk profile along with debt
free balance sheet and good liquidity position. Further,
the company has reported a good Earnings Per Share of INR 2,702 against its
face value of INR 10. However,
rating strength is partially offset by its presence in highly competitive and
huge working capital requirement steel industry. Payments
seems to be slow but correct. In view of aforesaid, the company can be considered good 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
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 30.03.2018.
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
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-22-66100356]
LOCATIONS
|
Registered Office : |
509-510, Navratan Premises Cooperative Society, 69, P D Mello Road,
Carnac Bunder, Mumbai - 400009, Maharashtra, India |
|
Tel. No.: |
91-22-66100356/ 66172219 |
|
Mobile No.: |
91-8879460010 (Mr. Sequeira) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
G-1, Ashirwad Building, Ahmedabad Street, Carnac Bunder, Mumbai,
Maharashtra, India |
|
|
|
|
Warehouse : |
Located at:
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ramnath Meghraj Miglani |
||||||||||||
|
Designation : |
Additional director |
||||||||||||
|
Address : |
B-804, Usha Nagar, Village Road, Bhandup (West), Mumbai - 400078, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
29.09.1946 |
||||||||||||
|
Qualification : |
B. Com |
||||||||||||
|
Date of Appointment : |
28.08.2014 |
||||||||||||
|
DIN No.: |
02744299 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
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|
|||||||||||||
|
Name : |
Mr. Amar Nath Jha |
||||||||||||
|
Designation : |
Additional Director |
||||||||||||
|
Address : |
A/102, 1st Floor, Ansal Heights, Dr. G. M. Bhosale Marg, Worli Naka, Mumbai – 400018, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
22.01.1959 |
||||||||||||
|
Date of Appointment : |
01.06.2016 |
||||||||||||
|
DIN No.: |
06705794 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sushil Kumar Dham |
|
Designation : |
Chief Finance Officer (KMP) |
|
Address : |
Kids Paradise Sharma Store, Nangal Rupnagar 140001, Punjab, India |
|
Date of Appointment : |
01.07.2016 |
|
PAN No.: |
AATPD3698J |
|
|
|
|
Name : |
Mr. Ram Chandra Sharma |
|
Designation : |
Chief Executive Officer (KMP) |
|
Address : |
Gopal Bhavan, Near Radha Krishna Temple, Dadwara, Kota 324007, Rajasthan, India |
|
Date of Appointment : |
01.03.2016s |
|
PAN No.: |
BOYPS9654F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Equity Shareholders |
|
No. of Shares |
|
Anuj R Miglani |
|
13987 |
|
Ankit R Miglani |
|
5000 |
|
Ramnath Miglani |
|
300 |
|
B B Handa |
|
100 |
|
Rolph Sequeira |
|
100 |
|
Total |
|
19487 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Vertex Trade and Properties Developers Private Limited |
|
9967650 |
|
Sri Mahalaxmi Solar Energy Private Limited |
|
125569 |
|
Jaltarang Vanijya Private Limited |
|
70379 |
|
Total |
|
10163598 |
AS ON 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
97.43 |
|
Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
2.57 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Iron and Steel. [Confirmed by
Management and also Registered Activity] |
||||
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||||
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Products : |
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||||
|
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|
||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
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|
||||
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Imports : |
Not Divulged |
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|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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||||||||||||||
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Customers : |
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||||||||||||||
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||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||
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|
|
||||||||||||||
|
Bankers : |
Punjab and
Maharashtra Co-operative Bank Limited |
|
Financial Institution : |
· Axis Trustee Services Limited · Vistra ITsCL (India) Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Lalit Mehta and Company Chartered Accountants |
|
Address : |
101, Apollo Arcade, R.K Singh Marg, Off P.P. Road, Near Sona Udyog, Andheri, Mumbai, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPM6331K |
|
|
|
|
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:
|
· Uttam Galva Steel Limited [U27200HR2007PLC037927] · Golden Green Golf and Resorts Limited [U55101HR1988PLC030288] · Paramshakti Steels Limited [U65910MH1995PLC167801] · Indrajit Power Private Limited [U45200MH1994PTC081267] · Uttam Galva Metallics Limited [U27200HR2007PLC037927] · Indrajit Power Private Limited [U45200MH1994PTC081267] · Uttam Galva Mettalics Limited · Tensile Steel Limited · Evergreen Tradeplace Private Limited · Sainath Trading Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 10/- each |
INR 2.500 Million |
|
10300000 |
Preference Shares |
INR 10/- each |
INR 103.000 Million |
|
|
|
|
|
|
|
Total
|
|
INR 105.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19487 |
Equity Shares |
INR 10/- each |
INR 0.195
Million |
|
10163598 |
Preference Shares |
INR 10/- each |
INR 101.636
Million |
|
|
|
|
|
|
|
Total
|
|
INR 101.831 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
101.831 |
101.831 |
99.786 |
|
(b) Reserves and Surplus |
3197.959 |
3145.424 |
1478.312 |
|
(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) |
3299.790 |
3247.255 |
1578.098 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
157.075 |
644.438 |
613.675 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.023 |
0.000 |
|
Total Non-current
Liabilities (3) |
157.075 |
644.461 |
613.675 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
500.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
4972.146 |
1355.443 |
836.968 |
|
(c) Other
current liabilities |
0.837 |
0.016 |
4.960 |
|
(d) Short-term
provisions |
14.004 |
18.256 |
1.246 |
|
Total Current
Liabilities (4) |
5486.987 |
1373.715 |
843.174 |
|
|
|
|
|
|
TOTAL |
8943.852 |
5265.431 |
3034.947 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
10.423 |
10.423 |
10.423 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4078.153 |
3753.587 |
1985.219 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
410.145 |
1040.145 |
755.268 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
4498.721 |
4804.155 |
2750.910 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
3046.334 |
415.744 |
258.058 |
|
(d) Cash and
bank balances |
211.013 |
34.730 |
1.723 |
|
(e)
Short-term loans and advances |
1187.784 |
10.802 |
24.256 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
4445.131 |
461.276 |
284.037 |
|
|
|
|
|
|
TOTAL |
8943.852 |
5265.431 |
3034.947 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
4463.875 |
2657.139 |
345.321 |
|
|
Other Income |
0.050 |
0.220 |
0.000 |
|
|
TOTAL |
4463.925 |
2657.359 |
345.321 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
245.432 |
|
|
Purchases of
Stock-in-Trade |
4351.803 |
2573.377 |
0.000 |
|
|
Other expenses |
31.475 |
1.163 |
0.271 |
|
|
TOTAL |
4383.278 |
2574.540 |
245.703 |
|
|
|
|
|
|
|
|
PROFIT/
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
80.647 |
82.819 |
99.618 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
65.356 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION |
80.647 |
82.819 |
34.262 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
80.647 |
82.819 |
34.262 |
|
|
|
|
|
|
|
Less |
TAX |
28.000 |
28.700 |
11.200 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
52.647 |
54.119 |
23.062 |
|
|
|
|
|
|
|
|
Earnings Per Share (INR) |
5.17 |
5.32 |
2.31 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
520.598 |
167.240 |
1023.864 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
488.212 |
155.575 |
1013.933 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
249.09 |
57.11 |
272.76 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.47 |
6.39 |
1.34 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
417.03 |
192.25 |
1244.72 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
7.74 |
7.95 |
9.56 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.63 |
0.38 |
0.48 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.20 |
0.20 |
0.39 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.66 |
0.42 |
0.53 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.00 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
1.52 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.18 |
2.04 |
6.68 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.59 |
1.03 |
0.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.60 |
1.67 |
1.46 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.81 |
0.34 |
0.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.81 |
0.34 |
0.34 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.37 |
0.62 |
0.52 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.45 |
6.33 |
6.15 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.81 |
0.34 |
0.34 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
99.786 |
101.831 |
101.831 |
|
Reserves & Surplus |
1478.312 |
3145.424 |
3197.959 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1578.098 |
3247.255 |
3299.790 |
|
|
|
|
|
|
Long-term borrowings |
613.675 |
644.438 |
157.075 |
|
Short term borrowings |
0.000 |
0.000 |
500.000 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
613.675 |
644.438 |
657.075 |
|
Debt/Equity
ratio |
0.389 |
0.198 |
0.199 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
345.321 |
2657.139 |
4463.875 |
|
|
|
669.469 |
67.996 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
345.321 |
2657.139 |
4463.875 |
|
Profit/ (Loss) |
23.062 |
54.119 |
52.647 |
|
|
6.68
% |
2.04
% |
1.18
% |
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 |
No |
|
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 |
No |
|
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
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G69122968 |
100139737 |
VISTRA ITCL
(INDIA) LIMITED |
20/05/2017 |
- |
- |
1500000000.0 |
IL & FS
FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA
EASTMUMBAIMH400051IN |
|
2 |
C77851269 |
10617678 |
YES BANK LIMITED |
08/01/2016 |
- |
- |
2600000000.0 |
IFC TOWER, 2, 25TH
FLOOR,ELPHINSTONE(W), SENAPATI BAPAT MARGMUMBAIMH400013IN |
|
3 |
G43858497 |
10528598 |
PUNJAB AND
MAHARASHTRA CO-OPERATIVE BANK LIMITED |
12/10/2014 |
- |
19/04/2017 |
550000000.0 |
OFFICE NO. 4 &
5, 3RD FLOOR, DREAMS MALL,LBS MARG, BHANDUP(W)MUMBAIMH400078IN |
|
4 |
G41801200 |
10581943 |
AXIS TRUSTEE
SERVICES LIMITED |
30/06/2015 |
- |
17/04/2017 |
4250000000.0 |
AXIS HOUSE, 2ND
FLR, BOMBAY DYEING MILLS COMPOUND,PANDURANG BUDHKAR MARG,
WORLI,MUMBAIMH400025IN |
|
5 |
G41801127 |
10581895 |
AXIS TRUSTEE
SERVICES LIMITED |
30/06/2015 |
- |
17/04/2017 |
1250000000.0 |
AXIS HOUSE, 2ND
FLR, BOMBAY DYEING MILLS COMPOUND,PANDURANG BUDHKAR MARG,
WORLI,MUMBAIMH400025IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
155.500 |
569.236 |
|
Loans and advances from directors |
1.575 |
0.000 |
|
Loans and advances from others |
0.000 |
75.202 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances, others |
500.000 |
0.000 |
|
|
|
|
|
Total |
657.075 |
644.438 |
BACKGROUND
The company is a private limited company engaged in the business of trading in iron and steel and investments
COMPANY AFFAIRS:
the Company is engaged in the Business of Trading in Iron and Steel and Investments also evaluating new Business opportunities for future.
During the year the Company has generated total revenue of INR 4460.000 million and earned a profit of INR 52.000 million.
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 |
|
UK Pound |
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SHK |
|
|
|
|
Analysis Done by
: |
VIK |
|
|
|
|
Report Prepared
by : |
ARC |
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 opera tions 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.