|
|
|
MIRA INFORM REPORT
|
Report No. : |
507140 |
|
Report Date : |
02.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
MEGHMANI DYES AND INTERMEDIATES LLP (w.e.f. 18.03.2016) |
|
|
|
|
Formerly Known
As : |
MEGHMANI DYES AND INTERMEDIATES LIMITED |
|
|
|
|
Registered
Office : |
Plot No.97, Phase-II, GIDC Industrial Estate, Vatva, Ahmedabad –
382445, Gujarat |
|
Tel. No.: |
91-79-25894442 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
18.03.2016 |
|
|
|
|
LLPIN No: |
AAF-9872 |
|
|
|
|
Total
Obligation of Contribution: |
INR 508.772 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No: |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM5140J |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
Manufacturer of chemicals and chemical products. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a Limited liability Partnership firm established in the year 2016. It is engaged in manufacturing of chemical and chemical products. It has a satisfactory track record. For the financial year 2017, the subject has achieved a massive growth in its revenue as compared to previous year and has reported decent profit margin of 6.43%. The sound financial profile of the subject marked by healthy capital base along with strong debt coverage indicators due to low debt balance sheet profile. However, these rating strengths are partially offset by large working capital requirements and susceptibility of operating margin to volatility in raw material prices and unfavourable gap between trade payables and trade receivables. Business is active. Payment seems to be usually correct. In view of aforesaid, the subject can be considered for business dealings at usual trade terms and conditions. Note: As per our old data base, Mr. Rajmin Shah (Accounts Executive) has claimed that the subject company i.e. “Synergy Chlorination Private Limited” has been amalgamated with “Unison Industries Limited” on 18th February 2015 and they got approval from High court in September 2015. Later on 18th February 2016, the name has been changed from “Unison Industries Limited” to “Meghmani Dyes and Intermediates Limited”. Moreover, the company got converted into “Megmani Dyes and Intermediates LLP” w.e.f. 18th March 2016. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
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 02.05.2018
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
31-03-2018.
INFORMATION DENIED BY
|
Name : |
Mr. Rakesh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-79-25894442 |
|
Date : |
02.05.2018 |
91-8155001732 (Switch Off)
91-79-25894444 (Management non cooperative)
LOCATIONS
|
Registered Office : |
Plot No.97, Phase-II, GIDC Industrial Estate, Vatva, Ahmedabad –
382445, Gujarat, India |
|
Tel. No.: |
91-79-25894442 / 25894443 / 25894444 / 26467511 |
|
Fax No.: |
91-79-25834588 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
Corporate Office 1 / Headquarters:
|
203, 2nd Floor, White Cross Building, 15/ Patel Society,
Gulbai Tekra Road, Near Citi Bank, Panchvati, Ahmedabad – 380006, Gujarat,
India |
|
Tel. No.: |
91-79-26562827/ 26569901 |
|
Fax No.: |
91-79-26463999/ 25834588 |
|
|
|
|
Corporate Office 2 : |
403, White Cross Building, 15, Patel Society, Gulbai Tekra Road, Near
Citi Bank, Panchvati, Ahmedabad – 380006, Gujarat, India |
|
Tel. No.: |
91-79-26463999 |
|
Fax No.: |
91-79-26421400 |
|
|
|
|
Corporate Office 3 : |
B-901/902, Siddhivinayak Tower B, Behind DCP Office, Near Katariya Motors,
Off S.G. Highway, Makarba, Ahmedabad – 380051, Gujarat, India |
|
Tel. No.: |
91-79-26812827 |
|
|
|
|
Unit – I : |
Plot No.90, GIDC, Nandesari, District: Vadodara – 391340, Gujarat,
India |
|
|
|
|
Unit – II : |
Plot No.99, 100A, 102, Phase-II, GIDC Industrial Estate, Vatva,
Ahmedabad – 382445, Gujarat, India |
|
|
|
|
Unit – III : |
Block No. 577/A, 578, 579, Village: Dhudawada, Taluka: Padra,
District: Vadodara – 391440, Gujarat, India |
|
|
|
|
Unit – IV : |
Plot No.97, Phase-II, GIDC Industrial Estate, Vatva, Ahmedabad –
382445, Gujarat, India |
|
|
|
|
Unit – V : |
Plot No. 42/5, Dahej Industrial Estate, GIDC Dahej, Taluka: Vagra,
District: Bharuch, Gujarat, India |
|
|
|
|
Branch Office : |
Plot No. 89-90, GIDC, Nandsero, Vadodara – 393140, Gujarat, India |
PARTNERS
AS ON 31.03.2017
|
Name : |
Mr. Lalitbhai Kantibhai Patel |
|
Designation : |
Designated Partner |
|
Address : |
31, Park Hill, Near Narmada Vasahat, Opposite Karnavati Club,
Ahmedabad – 380015, Gujarat, India |
|
Date of Appointment : |
18.03.2016 |
|
DPIN No.: |
00011773 |
|
PAN No.: |
ACNPP2094C |
|
|
|
|
Name : |
Mr. Praful Ganpatbhai Patel |
|
Designation : |
Designated Partner |
|
Address : |
27-B, Raghukul Bunglows, Tulsi Park Society, Near Sola
Overbridge Thaltej, Ahmedabad – 380054, Gujarat, India |
|
Date of Appointment : |
18.03.2016 |
|
DPIN No.: |
01685465 |
|
PAN No.: |
ABHPP4218K |
|
|
|
|
Name : |
Mr. Karana Rameshbhai Patel |
|
Designation : |
Designated Partner |
|
Address : |
No 54, Shreenath Park Society, Behind Avishkar Party, Plot
Manekbaug, Ahmedabad – 380015, Gujarat, India |
|
Date of Appointment : |
18.03.2016 |
|
DPIN No.: |
01727321 |
|
|
|
|
Name : |
Mr. Ankit Natwarlal Patel |
|
Designation : |
Designated Partner |
|
Address : |
B-6, Ashok Vatika No.1, Opposite Ekta Farm, Ambli Bopal
Road, Bodakd EV Ahmedabad – 380058, Gujarat, India |
|
Date of Appointment : |
18.03.2016 |
|
DPIN No.: |
02180007 |
|
|
|
|
Name : |
Mr. Ganpatbhai Meghjibhai Patel |
|
Designation : |
Partner |
|
Address : |
27-B, Raghukul Bunglow, Near Sola Over Bridge, Thaltej, Ahmedabad – 380054, Gujarat, India |
|
Date of Appointment : |
18.03.2016 |
|
PAN No.: |
ABHPP4218K |
|
|
|
|
Name : |
Mrs. Amitaben Kantilal Patel |
|
Designation : |
Partner |
|
Address : |
31, Park Hill, Near Narmada Vasahat, Opposite Karnavati Club, Ahmedabad – 380015, Gujarat, India |
|
Date of Appointment : |
18.03.2016 |
|
PAN No.: |
AAUPP1728J |
|
|
|
|
Name : |
Mr. Popatbhai Meghjibhai Patel |
|
Designation : |
Partner |
|
Address : |
2, Deep Bunglows, Opposite Satya Trivini Tower, Karnavati Club Road, Satellite, Ahmedabad – 380015, Gujarat India |
|
Date of Appointment : |
18.03.2016 |
|
PAN No.: |
AAYPP4354J |
|
|
|
|
Name : |
Mrs. Shardaben Popatbhai Patel |
|
Designation : |
Partner |
|
Address : |
2, Deep Bunglows, Opposite Satya Trivini Tower, Karnavati Club Road, Satellite, Ahmedabad – 380015, Gujarat India |
|
Date of Appointment : |
18.03.2016 |
|
PAN No.: |
AAYPP4353R |
|
|
|
|
Name : |
Mrs. Kunverben Ishwarbhai Patel |
|
Designation : |
Partner |
|
Address : |
53, Shreenath Park, Behind Manekbaug, Ambawadi, Ahmedabad – 380015, Gujarat, India |
|
Date of Appointment : |
18.03.2016 |
|
PAN No.: |
AAWPP1236F |
|
|
|
|
Name : |
Mr. Anandbhai Ishwarbhai Patel |
|
Designation : |
Partner |
|
Address : |
53, Shreenath Park, Behind Manekbaug, Ambawadi, Ahmedabad – 380015, Gujarat, India |
|
Date of Appointment : |
18.03.2016 |
|
DPIN No.: |
00027836 |
|
|
|
|
Name : |
Mr. Rameshbhai Meghjibhai Patel |
|
Designation : |
Partner |
|
Address : |
54, Shreenath Park, Behind Manekbaug, Ambawadi, Ahmedabad – 380015, Gujarat, India |
|
Date of Appointment : |
18.03.2016 |
|
DPIN No.: |
00027637 |
|
|
|
|
Name : |
Mr. Natwarlal Meghjibhai Patel |
|
Designation : |
Partner |
|
Address : |
6-B, Ashok Vatika No.1, Opposite Ekta Farm, Ambli, Bopal Road, Boda Kdev, Ahmedabad – 380058,
Gujarat, India |
|
Date of Appointment : |
18.03.2016 |
|
DPIN No.: |
00027540 |
KEY EXECUTIVE
|
Name : |
Mr. Rakesh |
|
Designation : |
Accounts Department |
CONTRIBUTION DETAILS
AS ON 31.03.2017
|
Name of Persons |
Obligation
of Contribution (INR
In Million) |
|
|
|
|
Ganpatbhai Meghjibhai Patel |
24.463 |
|
Amitaben Kantilal Patel |
63.604 |
|
Popatbhai Meghjibhai Patel |
4.119 |
|
Shardaben Popatbhai Patel |
56.932 |
|
Kunverben Ishwarbhai Patel |
14.678 |
|
Anandbhai Ishwarbhai Patel |
26.023 |
|
Rameshbhai Meghjibhai Patel |
98.785 |
|
Natwarlal Meghjibhai Patel |
100.736 |
|
Ankit Natwarlal Patel |
51.891 |
|
Karana Rameshbhai Patel |
2.966 |
|
Praful Ganpatbhai Patel |
11.157 |
|
Lalitbhai Kantibhai Patel |
53.418 |
|
Total |
508.772 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of chemicals and chemical products. [Registered Activity] |
|
|
|
|
Products: |
Chemicals and Chemical Products |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Balkrishna T. Thakkar and Company Chartered Accountants |
|
Address : |
602, Saffron Building, Ahmedabad – 380006, Gujarat, India |
|
E-Mail : |
|
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
--- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
PARTNERS’ CAPITAL ACCOUNT
|
Name of partners |
% of share |
Opening Balance |
Addition |
Withdrawals |
Closing Balance |
|
|
|
|
|
|
|
|
Natwarlal Meghjibhai Patel |
19.80% |
100.736 |
9.900 |
9.900 |
100.736 |
|
Ankitbhai Natubhai Patel |
10.20% |
51.891 |
5.100 |
5.100 |
51.891 |
|
Amitaben Kantilal Patel |
12.50% |
63.604 |
6.251 |
6.251 |
63.604 |
|
Lalitbhai Kantibhai Patel |
10.50% |
53.418 |
5.250 |
5.250 |
53.418 |
|
Rameshbhai Meghjibhai Patel |
19.42% |
98.785 |
9.708 |
9.708 |
98.785 |
|
Karana Rameshbhai Patel |
0.58% |
2.966 |
0.292 |
0.292 |
2.966 |
|
Shardaben Popatbhai Patel
|
11.19% |
56.932 |
5.595 |
5.595 |
56.932 |
|
Popatbhai Meghjibhai Patel
|
0.81% |
4.119 |
0.405 |
0.405 |
4.119 |
|
Kunverben Ishwarbhai Patel
|
2.89% |
14.678 |
1.442 |
1.442 |
14.678 |
|
Anandbhai Ishwarbhai Patel |
5.11% |
26.023 |
2.557 |
2.557 |
26.023 |
|
Ganpatbhai Meghjibhai Patel |
4.81% |
24.463 |
2.404 |
2.404 |
24.463 |
|
Praful Ganpatbhai Patel |
2.19% |
11.157 |
1.096 |
1.096 |
11.157 |
|
Total |
100.00% |
508.772 |
50.000 |
50.000 |
508.772 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
18.03.2016
to 31.03.2016 |
|
I.
CAPITAL
FUND AND LIABILITIES |
|
|
|
|
(1) Partners’ Funds |
|
|
|
|
(a) Partners’
Capital |
|
508.772 |
508.772 |
|
(b) Reserves & Surplus |
|
4456.446 |
4282.208 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
4965.218 |
4790.980 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
89.891 |
126.155 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
89.891 |
126.155 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
46.669 |
176.542 |
|
(b) Trade
payables |
|
442.792 |
356.506 |
|
(c) Other current
liabilities |
|
71.415 |
39.850 |
|
(d) Short-term
provisions |
|
3.861 |
2.568 |
|
Total Current
Liabilities (4) |
|
564.737 |
575.466 |
|
|
|
|
|
|
TOTAL |
|
5619.846 |
5492.601 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
550.356 |
590.134 |
|
(ii)
Intangible Assets |
|
1647.712 |
2196.950 |
|
(iii)
Capital work-in-progress |
|
22.673 |
9.682 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.050 |
281.954 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
|
828.262 |
827.697 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
3049.053 |
3906.417 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
240.900 |
0.000 |
|
(b)
Inventories |
|
834.253 |
630.879 |
|
(c) Trade
receivables |
|
1195.468 |
749.799 |
|
(d) Cash
and cash equivalents |
|
208.969 |
147.163 |
|
(e)
Short-term loans and advances |
|
49.399 |
13.170 |
|
(f) Other
current assets |
|
41.804 |
45.173 |
|
Total
Current Assets |
|
2570.793 |
1586.184 |
|
|
|
|
|
|
TOTAL |
|
5619.846 |
5492.601 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
18.03.2016
to 31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
3488.060 |
129.832 |
|
|
|
Other Income |
|
177.394 |
2.772 |
|
|
|
TOTAL |
|
3665.454 |
132.604 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
2135.728 |
93.757 |
|
|
|
Purchase of Stock-in-trade |
|
181.033 |
16.862 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
|
(102.191) |
(17.739) |
|
|
|
Employee Benefits Expenses |
|
80.233 |
3.056 |
|
|
|
Other Expenses |
|
574.682 |
21.795 |
|
|
|
TOTAL |
|
2869.485 |
117.731 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
795.969 |
14.873 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.000 |
0.341 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
795.969 |
14.532 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
602.195 |
23.428 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
193.774 |
(8.896) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
(30.464) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
224.238 |
(8.896) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2017 |
18.03.2016
to 31.03.2016 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
Cash generated from operations |
|
NA |
NA |
|
Net cash flow from (used in) operations |
|
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
18.03.2016
to 31.03.2016 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
125.10 |
2107.93 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
2.92 |
0.17 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
69.76 |
1176.33 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.95 |
0.02 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
0.36 |
0.01 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
18.03.2016
to 31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.10 |
0.10 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
0.01 |
0.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
0.11 |
0.12 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
0.45 |
0.58 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
0.00 |
43.62 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
18.03.2016
to 31.03.2016 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
|
6.43 |
(6.85) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
3.99 |
(0.16) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
4.52 |
(0.19) |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
18.03.2016
to 31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
4.55 |
2.76 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
3.07 |
1.66 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.88 |
0.87 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
0.09 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
4.55 |
2.76 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Partner Capital |
508.772 |
508.772 |
|
Reserves & Surplus |
4282.208 |
4456.446 |
|
Net worth |
4790.980 |
4965.218 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
176.542 |
46.669 |
|
Total borrowings |
176.542 |
46.669 |
|
Debt/Equity ratio |
0.037 |
0.009 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
129.832 |
3488.060 |
|
|
|
2,586.595 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
129.832 |
3488.060 |
|
Profit (Loss) |
(8.896) |
224.238 |
|
|
(6.85%) |
6.43% |
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 |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 1 year and last about 13 days |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last 1 year and last about 13 days |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
|
|
|
From others |
46.669 |
176.542 |
|
|
|
|
|
Total |
46.669 |
176.542 |
INDEX OF CHARGE: NO
CHARGES EXISTS FOR LLP
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Plant and Equipment
·
Electricals and Fittings
·
Laboratory Equipments
·
Office Equipment
·
Computer
·
Vehicles
·
Effluent Treatment Plant
Intangible Assets
·
Goodwill
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 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information Gathered
by : |
SLK |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
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.