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|
|
MIRA INFORM REPORT
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Report No. : |
511483 |
|
Report Date : |
26.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
UDAY STRUCTURALS AND ENGINEERS PRIVATE LIMITED |
|
|
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|
Registered
Office : |
602 - 603, Crystal Plaza, New Link Road, Chakala, Andheri (East),
Mumbai – 400099, Maharashtra |
|
Tel. No.: |
91-22-28391427/66922839/40 |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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|
|
Date of
Incorporation : |
13.07.2010 |
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|
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Com. Reg. No.: |
11-205437 |
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Capital
Investment / Paid-up Capital : |
INR 30.000 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U28999MH2010PTC205437 |
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|
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|
IEC No.: |
Not Divulged |
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|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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GSTN : [Goods & Service Tax Registration No.] |
27AABCU2112K1ZJ |
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PAN No.: [Permanent Account No.] |
AABCU2112K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Slab Support Systems,
Scaffoldings, Cuplock Scaffoldings, H – Frame System, Tube Fittings, Span
props (Confirmed By Management) |
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|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2010. It is a manufacturer and exporter of of Slab Support Systems, Scaffoldings, Cuplock Scaffoldings, H-Frame System, Tube Fittings and Span Props. Management has failed to file its financials with Registrar of Companies for the FY 2017. As per the financial records of 2017, the revenue of the company has decreased by 46.86% and has incurred operational losses. The moderate financial risk profile of the company is marked low reserve base as compared to its capital along with average debt coverage indicators. Rating is constrained on account of absence of latest financials. Payment seems to be slow. In view of aforesaid, the company can be considered for business dealings on fully and secured 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Uday Patil |
|
Designation : |
Director |
|
Contact No.: |
91-9870595050 |
|
Date : |
25.05.2018 |
LOCATIONS
|
Registered Office : |
602 - 603, Crystals Plaza, Link Road, Chakala, Andheri (East), Mumbai
– 400 099, Maharashtra, India |
|
Tel. No.: |
91-22-28391427/66922839/40 |
|
Mobile No.: |
91-9870595050 (Mr. Uday Patil) |
|
Fax No.: |
91-22-66922839/40 |
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E-Mail : |
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|
Website : |
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Area : |
950 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
W - 133, Saravali, MIDC, Tarapur Via Boisar Taluka, District Palghar,
Thane, Maharashtra, India |
|
Area : |
46000 Sq. ft. |
|
Location : |
Owned |
|
|
|
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Factory 2: |
Plot No. C – 10, MIDC, Boisar, Palghar, Thane, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mrs. Sonali Patil |
|
Designation : |
Director |
|
Address : |
1/7, Margdarshan CHS N S Phadke Marg, Andheri (East), Mumbai – 400069,
Maharashtra, India |
|
Date of Birth/Age : |
20.05.1968 |
|
Date of Appointment : |
13.07.2010 |
|
DIN No.: |
02744942 |
|
|
|
|
Name : |
Mr. Uday Kashinath Patil |
|
Designation : |
Director |
|
Address : |
1/7, Margdarshan Chs N S Phadke Marg, Andheri (East), Mumbai – 400069,
Maharashtra, India |
|
Date of Birth/Age : |
24.12.1964 |
|
Qualification : |
B. E. Mechanical |
|
Date of Appointment: |
13.07.2010 |
|
DIN No.: |
02763830 |
MAJOR SHAREHOLDERS
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Uday Kashinath Patil |
2990000 |
99.67 |
|
Sonali UdayPatil |
10000 |
0.33 |
|
Total |
3000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Slab Support Systems, Scaffoldings, Cuplock
Scaffoldings, H – Frame System, Tube Fittings, Span props. (Confirmed By
Management) |
||||
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|
||||
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Products / Services
: |
·
Slab Support Systems ·
Scaffoldings ·
Cuplock Scaffoldings ·
H – Frame System ·
Tube Fittings ·
Span props |
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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 : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash, L/C and Credit (30, 60,
90 Days), Bank Transfer |
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Purchasing : |
Cash, L/C and Credit (30, 60,
90 Days) , Bank Transfer |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
· Anil Traders · Ashok Electricals and Hardware · Deepak Enterprises · Hariom Steel Traders · Hilti India private Limited · Ismail Fabrication and Engg. Work · J A Enterprises · Jai Ambe Traders · Janta hardware and Electricals ·
Jay Trading Company ·
Kisan Trading Company ·
Lub India Corporation ·
Mahadev Traders ·
S K Industries ·
S V Machine Tools ·
Shyam Trading Company ·
Witmans Industries Private Limited |
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Customers : |
End Users, OEM’s
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Suresh Kumar Agarwal and Company Chartered Accountants |
|
Address : |
402, IV Floor, Express Buildings, Churchgate, Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-43470246 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AARFS4052K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Other Related Parties : |
·
Uday Structurals and Engineers ·
Tanay Enterprises |
CAPITAL STRUCTURE
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
30.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
3.708 |
4.639 |
4.284 |
|
(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) |
33.708 |
34.639 |
34.284 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
27.590 |
35.068 |
37.623 |
|
(b) Deferred tax liabilities (Net) |
(1.706) |
(0.129) |
1.179 |
|
(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) |
25.884 |
34.939 |
38.802 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
45.909 |
46.232 |
41.556 |
|
(b) Trade
payables |
22.432 |
33.946 |
47.371 |
|
(c) Other
current liabilities |
19.189 |
18.387 |
5.402 |
|
(d) Short-term
provisions |
5.668 |
5.109 |
3.708 |
|
Total Current
Liabilities (4) |
93.198 |
103.674 |
98.037 |
|
|
|
|
|
|
TOTAL |
152.790 |
173.252 |
171.123 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
56.675 |
63.765 |
69.853 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.915 |
7.942 |
9.142 |
|
(e) Other
Non-current assets |
0.044 |
0.087 |
0.131 |
|
Total Non-Current
Assets |
64.634 |
71.794 |
79.126 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
16.945 |
10.753 |
17.993 |
|
(c) Trade
receivables |
39.165 |
49.306 |
59.381 |
|
(d) Cash
and cash equivalents |
6.552 |
15.245 |
6.837 |
|
(e) Short-term
loans and advances |
0.000 |
0.000 |
7.786 |
|
(f) Other
current assets |
25.494 |
26.154 |
0.000 |
|
Total
Current Assets |
88.156 |
101.458 |
91.997 |
|
|
|
|
|
|
TOTAL |
152.790 |
173.252 |
171.123 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
63.874 |
120.219 |
223.278 |
|
|
Other Income |
2.554 |
2.056 |
0.988 |
|
|
TOTAL |
66.428 |
122.275 |
224.266 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
49.882 |
79.657 |
171.570 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(6.192) |
7.239 |
(16.948) |
|
|
Employees benefits expense |
0.713 |
0.328 |
0.290 |
|
|
Other expenses |
4.586 |
18.055 |
48.949 |
|
|
TOTAL |
48.989 |
105.279 |
203.861 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
17.439 |
16.996 |
20.405 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.277 |
10.292 |
10.810 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.162 |
6.704 |
9.595 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.091 |
6.257 |
6.779 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
(1.929) |
0.447 |
2.816 |
|
|
|
|
|
|
|
Less |
TAX |
(0.998) |
0.092 |
1.232 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(0.931) |
0.355 |
1.584 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.639 |
4.284 |
2.700 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
3.708 |
4.639 |
4.284 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(0.31) |
0.12 |
0.53 |
|
Particulars |
|
|
31.03.2017 |
|
Sales Turnover |
|
|
82.000 |
|
|
|
|
[Due to more
order] |
The above information has been parted by Mr. Uday Patil (Director)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Operating Income * 365
Days) |
819.73 |
1058.88 |
1062.19 |
|
|
|
|
|
|
Account Receivables Turnover (Operating Income
/ Sundry Debtors) |
0.45 |
0.34 |
0.34 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
164.14 |
155.55 |
100.78 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.03 |
1.58 |
1.13 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.31 |
0.27 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.79 |
0.80 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.18 |
2.35 |
2.31 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.76 |
2.99 |
2.86 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.68 |
1.84 |
2.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.42 |
1.65 |
1.89 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(1.46) |
0.30 |
0.71 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(0.61) |
0.20 |
0.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(2.76) |
1.02 |
4.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.95 |
0.98 |
0.94 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.76 |
0.87 |
0.75 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.22 |
0.20 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.45 |
2.71 |
2.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.95 |
0.98 |
0.94 |
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 |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
4.284 |
4.639 |
3.708 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
34.284 |
34.639 |
33.708 |
|
|
|
|
|
|
long-term borrowings |
37.623 |
35.068 |
27.590 |
|
Short term borrowings |
41.556 |
46.232 |
45.909 |
|
Total borrowings |
79.179 |
81.300 |
73.499 |
|
Debt/Equity ratio |
2.310 |
2.347 |
2.180 |
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 |
223.278 |
120.219 |
63.874 |
|
|
|
(46.157) |
(46.869) |
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 |
223.278 |
120.219 |
63.874 |
|
Profit/ (Loss) |
1.584 |
0.355 |
(0.931) |
|
|
0.71% |
0.30% |
(1.46)% |
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 |
Yes |
|
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 |
Yes |
|
18] |
Major suppliers |
Yes |
|
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 four 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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULAR |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans From Directors and Promoters |
2.770 |
15.434 |
|
Total |
2.770 |
15.434 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C54416649 |
10570999 |
CAPARO FINANCIAL SOLUTIONS LIMITED |
13/05/2015 |
- |
- |
25000000.0 |
101-104, 1st FLOOR, NAURANG HOUSE,21 KASTURBA GANDHI MARG,NEW DELHIDL110001IN |
|
2 |
B17714296 |
10324032 |
Bank of India |
25/05/2011 |
- |
- |
150000000.0 |
Andheri Mid Corporate Branch, BOI Builiding,1st Floor, 28, S V Road, Andheri (West)MumbaiMH400058IN |
FIXED ASSETS
Tangible Assets
- Land
- Office
Equipment’s (Owned)
- Plant and
Machinery
- Computer
Software
- Capital Work
In Progress
- Factory
Building
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 68.26 |
|
UK Pound |
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
PJS |
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 |
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.