|
|
|
MIRA INFORM REPORT
|
Report No. : |
506046 |
|
Report Date : |
07.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALFA PEB LIMITED |
|
|
|
|
Registered
Office : |
Ground Floor, 44/1, Narasimharaja Road, Bangalore – 560002, Karnataka |
|
Tel. No.: |
91-80-40717111 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
03.10.2013 |
|
|
|
|
Com. Reg. No.: |
08-071255 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 49.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28910KA2013PLC071255 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAMCA4282H |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
The
company is engaged in manufacture and sale of roofing sheets and
pre-engineered buildings. [Registered
Activity] |
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|
|
|
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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 230000 |
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|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2013. It is a manufacturer of Fabricated Metal products expect Machinery and Equipments. Management has failed to file its financials with Registrar of Companies for the FY 2017. Mr. Ravi (Designation not Divulged) has denied to provide any information about the subject to us. As per the available financial of 2016, there has been minimal growth in its revenue by 0.67% along with average profit margin of 2.03%. The moderate financial profile of the company is marked by low reserve base as compared to its capital along with comfortable debt coverage indicators. Rating is constrained on account of absence of latest financials. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for
business dealings with some caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term (Issuer Not Cooperating)= BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
24.10.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term (Issuer Not Cooperating)= A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
24.10.2017 |
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
31-03-2018.
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 07.05.2018
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 DENIED BY
|
Name : |
Mr. Sheshadari |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9578362666 |
|
|
|
|
Name : |
Mr. Ravi |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-80-40717111 / 112 / 113 / 114 |
|
Date : |
05.05.2018 |
LOCATIONS
|
Registered Office : |
Ground Floor, 44/1, Narasimharaja Road, Bangalore – 560002, Karnataka,
India |
|
Tel. No.: |
91-4347229400 / 40717111 / 112 / 113 / 114 |
|
Mobile No.: |
91-9578362666 (Mr. Sheshadari) |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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Corporate/ head Office : |
No.65/9-10, 1st Floor, N. R. Road, Bangalore – 560002,
Karnataka, India |
|
|
|
|
Unit I : |
Survey No. 162 / 163 / 164/2 and 167, Opposite Chamundi Steels,
Kalukonda Palli Village, Thalli Road, Hosure – 635114, Tamilnadu, India |
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Unit II : |
Gate No.262, Alandiphata, Opposite Hotel Gandharv, Nanekarwadi,
Chakan, Pune – 410501, Maharashtra, India |
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Unit III : |
44/1, N.R. Road, Cross, N. R. Road, Bangalore – 560002, Karnataka,
India |
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Branch Office 1 : |
F7, First Floor, Alsa Mall, 149, Montieth Road, Chennai - 600008, Tamilnadu India |
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Branch Office 2 : |
Shed No. 1-6-46/1, Muttam Reddy Estate, Near - Yadamma Nagar - Kanajiguda, Thirumalgiri - Secunderabad - 500015, Telangana, India |
|
|
|
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Branch Office 3 : |
33/2363 A, Geethanjali Junction, Geethanjali Road, Vytyla, Ernakulam, Kochi - 682019, Kerala, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Manav Paruthi |
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|
Designation : |
Managing Director |
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|
Address : |
No.16, 35th Main, Dollars Colony, BTM Layout, 1st Stage,
Bangalore - 560068, Karnataka, India |
||||||||||||
|
Date of Birth/Age : |
21.06.1978 |
||||||||||||
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Date of Appointment : |
03.10.2013 |
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DIN No.: |
01688698 |
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Other Directorship:
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|
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Name : |
Misha Paruthi |
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|
Designation : |
Director |
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|
Address : |
No.16, 35th Main, Dollars Colony, BTM Layout, 1st Stage,
Bangalore - 560068, Karnataka, India |
||||||||||||
|
Date of Birth/Age : |
16.06.1981 |
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Date of Appointment : |
03.10.2013 |
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DIN No.: |
01548047 |
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Other Directorship:
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|
||||||||||||
|
Name : |
Mr. Monty Paruthi |
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|
Designation : |
Director |
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|
Address : |
No.1303, 24th Cross, 28th Main, Banashankari 2nd
Stage, Bangalore - 560070, Karnataka, India |
||||||||||||
|
Date of Birth/Age : |
26.01.1980 |
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|
Date of Appointment : |
03.10.2013 |
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DIN No.: |
01596664 |
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Other Directorship:
|
|||||||||||||
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|
||||||||||||
|
Name : |
Sadiya Shabbeer |
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|
Designation : |
Director |
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|
Address : |
No. 48/1, Davis Road, Richards town, Bangalore North, Fraser Town,
Bangalore -560005, Karnataka, India |
||||||||||||
|
Date of Appointment : |
19.09.2016 |
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DIN No.: |
07615170 |
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|
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|
Name : |
Harmeet Matharu |
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|
Designation : |
Director |
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|
Address : |
Flat No. 10, Sashank Florento Apartments, MS Palya, Vidharanyapura,
Bangalore -560097, Karnataka, India |
||||||||||||
|
Date of Appointment : |
19.09.2016 |
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DIN No.: |
07616077 |
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|
||||||||||||
|
Name : |
Mr. Bishan Singh |
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|
Designation : |
Additional Director |
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|
Address : |
766, Shri Cavery, 5th Cross, Ganesh Saw Mill Road, T. Dasarahalli,
Bangalore North, Bangalore -560057, Karnataka, India |
||||||||||||
|
Date of Appointment : |
04.03.2017 |
||||||||||||
|
DIN No.: |
07754799 |
||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sheshadari |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Manav Paruthi |
|
291600 |
|
Monty Paruthi |
|
145800 |
|
Misha Paruthi |
|
48600 |
|
Raju Paruthi |
|
1000 |
|
Neetu Paruthi |
|
1000 |
|
Aarti Paruthi |
|
1000 |
|
Rishi Kumar |
|
1000 |
|
|
|
|
|
Total |
|
490000 |
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 : |
The
company is engaged in manufacture and sale of roofing sheets and
pre-engineered buildings. [Registered
Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Pawana R. and Associates Chartered Accountants |
|
Address : |
#164, Shri Krishna Dhama, BHCS Layout, 4th Stage, Near Patalamma Temple, Uttarahalli-Kengeri Main Road, Uttarahalli, Bangalore -560061, Karnataka, India |
|
PAN No.: |
APUPP8694L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
|
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
490000 |
Equity Shares |
INR 100/- each |
INR 49.000 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 |
49.000 |
49.000 |
49.000 |
|
(b) Reserves & Surplus |
32.910 |
11.667 |
5.596 |
|
(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) |
81.910 |
60.667 |
54.596 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
45.175 |
60.565 |
47.933 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1.491 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
5.817 |
1.236 |
0.940 |
|
Total Non-current
Liabilities (3) |
52.483 |
61.801 |
48.873 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
83.214 |
105.216 |
77.019 |
|
(b) Trade
payables |
119.690 |
128.961 |
83.482 |
|
(c) Other
current liabilities |
59.335 |
63.059 |
49.255 |
|
(d) Short-term
provisions |
14.072 |
5.988 |
3.316 |
|
Total Current
Liabilities (4) |
276.311 |
303.224 |
213.072 |
|
|
|
|
|
|
TOTAL |
410.704 |
425.692 |
316.541 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
126.727 |
132.942 |
91.042 |
|
(ii)
Intangible Assets |
0.698 |
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) |
2.338 |
1.513 |
0.666 |
|
(d)
Long-term Loan and Advances |
9.130 |
10.106 |
4.586 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
138.893 |
144.561 |
96.294 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
106.276 |
116.957 |
71.832 |
|
(c) Trade
receivables |
81.678 |
81.287 |
98.079 |
|
(d) Cash
and cash equivalents |
18.408 |
25.612 |
13.524 |
|
(e)
Short-term loans and advances |
65.449 |
57.275 |
36.812 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
271.811 |
281.131 |
220.247 |
|
|
|
|
|
|
TOTAL |
410.704 |
425.692 |
316.541 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1044.078 |
1037.106 |
424.620 |
|
|
Other Income |
2.412 |
4.023 |
7.378 |
|
|
TOTAL |
1046.490 |
1041.129 |
431.998 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
813.172 |
851.082 |
351.247 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.393) |
1.931 |
1.154 |
|
|
Employee benefit expense |
50.397 |
45.236 |
16.792 |
|
|
Other expenses |
98.740 |
74.546 |
39.135 |
|
|
Prior period items |
0.000 |
1.271 |
0.000 |
|
|
Exceptional items |
0.000 |
0.000 |
0.008 |
|
|
TOTAL |
959.916 |
974.066 |
408.336 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
86.574 |
67.063 |
23.662 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
24.849 |
25.932 |
10.113 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
61.725 |
41.131 |
13.549 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
29.108 |
30.492 |
5.491 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
32.617 |
10.639 |
8.058 |
|
|
|
|
|
|
|
Less |
TAX |
11.375 |
4.567 |
2.649 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
21.242 |
6.072 |
5.409 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
2.516 |
0.000 |
|
|
Capital Goods |
0.000 |
56.750 |
0.000 |
|
|
TOTAL IMPORTS |
0.000 |
59.266 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
43.35 |
12.39 |
11.04 |
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 |
80.282 |
75.773 |
(53.736) |
|
Net cash flows from (used in) operating activities |
71.318 |
75.544 |
(53.738) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
28.55 |
28.61 |
84.31 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
12.78 |
12.76 |
4.33 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
53.72 |
55.31 |
86.75 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.81 |
0.57 |
0.33 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.68 |
0.50 |
0.26 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.85 |
0.82 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.57 |
2.73 |
2.29 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.37 |
5.00 |
3.90 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.56 |
2.19 |
1.67 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.48 |
2.59 |
2.34 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
2.03 |
0.59 |
1.27 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.17 |
1.43 |
1.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
25.93 |
10.01 |
9.91 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.98 |
0.93 |
1.03 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.60 |
0.54 |
0.70 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.20 |
0.14 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.62 |
3.38 |
2.55 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.98 |
0.93 |
1.03 |
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 |
49.000 |
49.000 |
49.000 |
|
Reserves & Surplus |
5.596 |
11.667 |
32.910 |
|
Net
worth |
54.596 |
60.667 |
81.910 |
|
|
|
|
|
|
Long-term borrowings |
47.933 |
60.565 |
45.175 |
|
Short term borrowings |
77.019 |
105.216 |
83.214 |
|
Total
borrowings |
124.952 |
165.781 |
128.389 |
|
Debt/Equity
ratio |
2.289 |
2.733 |
1.567 |
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 |
424.620 |
1037.106 |
1044.078 |
|
|
|
144.243 |
0.672 |
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 |
424.620 |
1037.106 |
1044.078 |
|
Profit/ (Loss) |
5.409 |
6.072 |
21.242 |
|
|
1.27
% |
0.59
% |
2.03
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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 |
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 |
THE STATE OF COMPANY’S AFFAIR:
The company has recorded total sales of INR 1044.078 million during the year as against INR 1037.106 million in the corresponding previous year. The net profit for the year, after tax, stood at INR 21.242 million as against INR 6.072 million in the corresponding previous year. The directors are hopeful of achieving better results in the coming years.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
11.856 |
4.518 |
|
Loans and advances from related parties |
5.000 |
0.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
11.036 |
10.335 |
|
|
|
|
|
Total |
27.892 |
14.853 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G39788849 |
100087463 |
RELIANCE CAPITAL LTD |
28/02/2017 |
- |
- |
5055000.0 |
"H" BLOCK 1ST FLOORDHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE NAVI MUMBAI MA400710IN |
|
2 |
G41469834 |
100091095 |
PNB HOUSING FINANCE LIMITED |
29/12/2016 |
- |
- |
59086000.0 |
9TH FLOOR ANTRIKSH BHAWAN 22 K G MARG NEW DELHI KA560051IN |
|
3 |
G16656712 |
100055813 |
ICICI BANK LIMITED |
26/09/2016 |
- |
- |
1200000.0 |
NO 4/10, MYTHRI CENTRE HOSUR MAIN ROAD, BOMMANAHALLI BANGALORE KA560068IN |
|
4 |
G01554245 |
100020660 |
RELIANCE HOME FINANCE LIMITED |
31/03/2016 |
- |
- |
20000000.0 |
570, RECTIFIER HOUSE, 3RD FLOOR NAIGAUM CROSS ROAD, WADALA MUMBAI MA400031IN |
|
5 |
C67477901 |
10597466 |
KOTAK MAHINDRA BANK LIMITED |
04/09/2015 |
- |
- |
120500000.0 |
CHAMBER OF COMMERCE BUILDING KEMPEGOWDA ROAD BANGALORE KA560009IN |
|
6 |
C34227439 |
10532205 |
ICICI BANK LTD |
31/10/2014 |
- |
- |
700000.0 |
NO.4/10,MYTHRI CENTREHOUSUR MAIN ROAD , BOMMANAHALLI BANGALORE KA560068IN |
|
7 |
C28625986 |
10524912 |
RELIANCE CAPITAL LTD |
30/06/2014 |
- |
- |
40000000.0 |
"H" BLOCK 1ST FLOOR DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE NAVI MUMBAI MH400710IN |
|
8 |
C05408562 |
10500618 |
ICICI BANK LIMITED |
24/03/2014 |
- |
- |
1137326.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GJ390015IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 66.77 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHK |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKT |
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 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.