|
|
|
MIRA INFORM REPORT
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Report No. : |
506888 |
|
Report Date : |
07.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
JINDAL MECTEC PRIVATE LIMITED (w.e.f. 10.06.2006) |
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|
|
Formerly Known
As : |
JINDAL MECTECNO PRIVATE LIMITED (w.e.f. 30.10.2003) K.J. POLYMER PRIVATE LIMITED |
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Registered
Office : |
B-29, Sanjay Market, PKT 3, Sector 2, Rohini, New Delhi – 110 085 |
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Tel. No.: |
91-11-27512283/ 84 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
03.11.1993 |
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Com. Reg. No.: |
55-055919 |
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Capital
Investment / Paid-up Capital : |
INR 22.494 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PTC055919 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
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GSTN : [Goods & Service Tax
Registration No.] |
07AAACK1091J1ZM |
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TIN No: |
07660326708 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACK1091J |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Manufacturing of PUF/Building Panel, Sheet Profiling and Trading of Steel and Structures And Mining Business and Company also take Works Contract. [Registered Activity and also Confirmed by management] |
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|
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 2200000 |
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|
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Status : |
Good |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is
an established company incorporated in the year 1993 and it is having good track. It is
engaged in the business of Manufacturing of PUF/Building Panel, Sheet
Profiling and Trading of Steel and Structures And Mining Business and Company
also take Works Contract. For the financial
year 2017, the company has increased its revenue from operations as compared
to previous year and maintained average profitability margin of 2.94%. Rating
takes into consideration sound financial profile of the company marked by
healthy networth base and average debt balance sheet. Further,
rating also reflects from its extensive experience of promoter in the
business operations and improvement in the revenue as well as profitability
profile during the year. However,
rating strength is partially offset by volatility in raw material prices
along with working capital intensive nature of operation and intense
competition from industry. Trade
relations are reported as fair. Business is active. Payments term are seems
to be usually correct. In view of
aforesaid, the company can be considered for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
BRICKWORK |
|
Rating |
Long term rating: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
16.01.2018 |
|
Rating Agency Name |
BRICKWORK |
|
Rating |
Short term rating: A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
16.01.2018 |
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 PARTED BY
|
Name : |
Mr. S. K. Sharma |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9891909073 |
|
Date : |
02.05.2018 |
LOCATIONS
|
Registered Office : |
B-29, Sanjay Market, PKT 3, Sector 2, Rohini, New Delhi – 110 085,
India |
|
Tel. No.: |
91-11-27512283/ 84 |
|
Mobile No.: |
91-9891909073 (Mr. S.K. Sharma) |
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Fax No.: |
91-11-27513541 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Head Office/ Factory 1/ CMO : |
39 KM Stone, Delhi – Jaipur Highway, Old Manesar Road,
Village Narsinghpur, Gurgaon – 122 001, Haryana, India |
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Tel. No.: |
91-124-4086401/ 2/ 3/ 4393200 |
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Fax No.: |
91-124-4030807 |
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E-Mail : |
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Factory 2 : |
Village-Souri, Swarghat Road, Tehsil Nalagarh, Baddi, District Solan –
174 101, Himachal Pradesh, India |
|
Tel. No.: |
91-1795-220819/820 |
|
Fax No.: |
91-1795-220818 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Pawan Jindal |
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Designation : |
Director |
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Address : |
H. No.704, Sector-15, Part-II, Gurugram – 122 002, Haryana, India. |
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Date of Birth/Age : |
03.01.1952 |
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Date of Appointment : |
11.08.2015 |
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PAN No.: |
AALPJ7460J |
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Qualification |
Graduate |
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DIN No.: |
00159997 |
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Other Directorship :
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Name : |
Mr. Shiv Kumar Sharma |
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Designation : |
Director |
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Address : |
3A/606, Rang Rasayan, Sector-13, Rohini, New Delhi – 110 085, India |
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Date of Birth/Age : |
29.04.1963 |
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Date of Appointment : |
02.11.1997 |
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PAN No.: |
AAWPS6469F |
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Qualification |
Graduate |
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DIN No.: |
00160089 |
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Other Directorship :
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Name : |
Mr. Gaurav Jindal |
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Designation : |
Director |
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Address : |
H No.704, Sector-15, Part-II, Gurugram – 122 002, Haryana, India |
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Date of Birth/Age : |
27.09.1988 |
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Date of Appointment : |
30.09.2013 |
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PAN No.: |
ADXPJ8367R |
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Qualification |
Graduate |
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DIN No.: |
01606125 |
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Other Directorship :
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|
||||||||||||||||
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Name : |
Mr. Saurabh Jindal |
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Designation : |
Managing Director |
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|
Address : |
H No.704, Sector-15, Part-II, Gurugram – 122 002, Haryana, India |
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Date of Birth/Age : |
05.06.1982 |
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Date of Appointment : |
11.08.2015 |
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PAN No.: |
ADXPJ8367R |
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Qualification |
Graduate |
||||||||||||||||
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DIN No.: |
00160281 |
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Other Directorship :
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. S K Sharma |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Pawan Jindal |
|
469450 |
|
Meena Jindal |
|
108948 |
|
Saurabh Jindal |
|
459100 |
|
Pallak Minda Jindal |
|
4149 |
|
Gaurav Jindal |
|
458260 |
|
Risha Jindal |
|
4149 |
|
Jindal Jyoti Prefab Private Limited, India |
|
745228 |
|
Daya Engineering Works Poles Private Limited, India |
|
100 |
|
Total
|
|
2249384 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
66.87 |
|
Promoters- Body corporate |
33.13 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject is engaged in Manufacturing of PUF/Building Panel, Sheet Profiling and Trading of Steel and Structures And Mining Business and Company also take Works Contract. [Registered Activity and also Confirmed by management] |
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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 : |
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Selling : |
Cash, Advance Payment and Credit (NEFT/RTGS) |
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Purchasing : |
Cash, Advance Payment and Credit (NEFT/RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Goyal Mahajan and Associates Chartered Accountants |
|
Address : |
SCF-50, 1st Floor, Leela Bhawan, Patiala – 147 001, Punjab,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFG7375A |
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|
|
|
Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
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|
|
Associates: |
Jindaljyoti Prefeb Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2249384 |
Equity Shares |
INR 10/- each |
INR 22.494 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
22.494 |
24.324 |
22.664 |
|
(b) Reserves and Surplus |
750.182 |
658.380 |
525.076 |
|
(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) |
772.676 |
682.704 |
547.740 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
714.559 |
612.987 |
347.574 |
|
(b) Deferred tax liabilities (Net) |
32.451 |
15.997 |
18.677 |
|
(c) Other long-term
liabilities |
23.218 |
10.554 |
40.032 |
|
(d) long-term
provisions |
14.311 |
8.917 |
7.186 |
|
Total Non-current
Liabilities (3) |
784.539 |
648.455 |
413.469 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
511.487 |
489.594 |
448.760 |
|
(b) Trade
payables |
619.310 |
603.844 |
451.820 |
|
(c) Other
current liabilities |
256.100 |
207.999 |
185.870 |
|
(d) Short-term
provisions |
2.401 |
0.969 |
3.466 |
|
Total Current
Liabilities (4) |
1389.298 |
1302.406 |
1089.916 |
|
|
|
|
|
|
TOTAL |
2946.513 |
2633.565 |
2051.125 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
900.379 |
358.271 |
503.910 |
|
(ii)
Intangible Assets |
2.779 |
1.543 |
0.627 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
438.195 |
15.189 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.501 |
4.501 |
0.591 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
25.899 |
35.832 |
33.891 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
934.558 |
838.342 |
554.208 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
706.191 |
788.951 |
770.466 |
|
(c) Trade
receivables |
883.740 |
682.603 |
579.420 |
|
(d) Cash and
bank balances |
94.866 |
64.016 |
54.351 |
|
(e)
Short-term loans and advances |
327.158 |
259.653 |
92.680 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2011.955 |
1795.223 |
1496.917 |
|
|
|
|
|
|
TOTAL |
2946.513 |
2633.565 |
2051.125 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3560.134 |
2564.734 |
2093.582 |
|
|
Other Income |
27.412 |
88.464 |
8.359 |
|
|
TOTAL |
3587.546 |
2653.198 |
2101.941 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2604.077 |
2065.593 |
1464.750 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
152.476 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
101.530 |
(87.363) |
10.935 |
|
|
Employee benefit expense |
164.194 |
99.002 |
88.035 |
|
|
CSR expenditure |
3.000 |
0.000 |
0.000 |
|
|
Other expenses |
363.987 |
307.149 |
149.561 |
|
|
Prior period items |
0.314 |
0.006 |
0.030 |
|
|
TOTAL |
3237.102 |
2384.387 |
1865.787 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
350.444 |
268.811 |
236.154 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
156.900 |
122.144 |
122.492 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
193.544 |
146.667 |
113.662 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
58.596 |
41.070 |
39.895 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
134.948 |
105.597 |
73.767 |
|
|
|
|
|
|
|
Less |
TAX |
30.222 |
10.519 |
4.849 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
104.726 |
95.078 |
68.918 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
46.558 |
39.088 |
28.334 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
4000.000 |
|
|
|
|
Due to Business
Growth) |
The above information has been parted by Mr. S.K. Sharma (Finance
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
110.762 |
55.302 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
321.394 |
189.671 |
125.437 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
262.169 |
153.014 |
107.017 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
90.60 |
97.14 |
101.02 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
4.03 |
3.76 |
3.61 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
86.81 |
106.70 |
101.97 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.50 |
0.34 |
0.31 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.39 |
0.34 |
0.45 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.75 |
0.75 |
0.70 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.73 |
1.70 |
1.45 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.80 |
1.91 |
1.99 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.17 |
1.17 |
0.95 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
2.23 |
2.20 |
1.93 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
2.94 |
3.71 |
3.29 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
3.55 |
3.61 |
3.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
13.55 |
13.93 |
12.58 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.45 |
1.38 |
1.37 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories) /
Current Liabilities] |
|
0.94 |
0.77 |
0.67 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.26 |
0.26 |
0.27 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
59.43 |
47.60 |
35.14 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.45 |
1.38 |
1.37 |
Total Liability =
Short-term Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
22.664 |
24.324 |
22.494 |
|
Reserves & Surplus |
525.076 |
658.380 |
750.182 |
|
Net
worth |
547.740 |
682.704 |
772.676 |
|
|
|
|
|
|
Long-term borrowings |
347.574 |
612.987 |
714.559 |
|
Short term borrowings |
448.760 |
489.594 |
511.487 |
|
Current maturities of
long-term debts |
0.000 |
55.302 |
110.762 |
|
Total
borrowings |
796.334 |
1157.883 |
1336.808 |
|
Debt/Equity
ratio |
1.454 |
1.696 |
1.730 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2093.582 |
2564.734 |
3560.134 |
|
|
|
22.505 |
38.811 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2093.582 |
2564.734 |
3560.134 |
|
Profit/ (Loss) |
68.918 |
95.078 |
104.726 |
|
|
3.29
% |
3.71
% |
2.94
% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
Subject is a
Private Limited company incorporated under the provisions of the Companies Act
1956 on 03rd November 1993. The Company is engaged in Manufacturing
of PUF/Building Panel, Sheet Profiling and Trading of Steel and Structures And
Mining Business and Company also take Works Contract
STATE OF AFFAIRS AND BUSINESS OPERATIONS
The company is engaged in the manufacturing of Puf Insulated Panels, Rockwool Panels, Insulated Truck Body Containers, Refrigerated Doors, Pre-Fabricated Steel Structure etc.
During the year, the company has been awarded prestigious work orders awarded by Building Construction Division and BSEIDC Limited, Government of Bihar to the tune of INR 6.000 Million. The company has successfully executed the work orders awarded by both the Government Departments.
The company has started commercial production from new manufacturing Plant at Pithampur, District Dhar, Madhya Pradesh during the month of July 2016. With the addition of the new manufacturing plant at Pithampur and award of work orders by Building Construction Division and BSEIDC Limited,
Government of Bihar, the company has achieved Turnover (Gross) of INR 3560.134 Million as against the previous year’s figure of INR 2564.734 Million resulting increase of 39.66%. The Profit before Tax during the year has been INR 134.948 Million as against the previous year’s figure of INR 105.597 Million. During the first five months of the financial year 2017-2018, the company has registered Turnover of more than INR 1150.000 Million. The company is having large value of orders in hand. Company is hopeful to achieve turnover of more than INR 3250.000 million in the year 2017-2018.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Interoperate borrowings |
137.855 |
115.655 |
|
Loans and advances from directors |
128.833 |
130.153 |
|
Other loans and advances |
88.929 |
93.779 |
|
Total |
355.617 |
339.587 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C79201166 |
10620458 |
Canara Bank |
27/01/2016 |
- |
- |
327900000.0 |
Prime Corporate Branch-CP, 2nd Floor,World Trade Tower, Barakhamba Lane,New DelhiDL110001IN |
|
2 |
G45602570 |
10452957 |
SMALL INDUSTRIAL DEVELOPMENT BANK OF INDIA |
12/09/2013 |
23/05/2017 |
- |
20700000.0 |
GURGAON BRANCH OFFICE, UDYOG MINAR (GROUND FLOOR)VANJIYA NIKUNJ, UDYOG VIHAR, PHASE-VGURGAONHR122001IN |
|
3 |
C52187325 |
10424330 |
Canara Bank |
18/04/2013 |
29/04/2015 |
- |
100000000.0 |
Prime Corporate Branch-Connaught Place, 2nd Floor,World Trade Tower, Barakhamba Lane,New DelhiDL110001IN |
|
4 |
G21174669 |
80007876 |
CANARA BANK |
04/05/1994 |
13/10/2016 |
- |
1410000000.0 |
PRIME CORPORATE BRANCH-Connaught PlaceW.T.T. Barakhamba LaneNew DelhiDL110001IN |
|
5 |
G43253434 |
10620459 |
Canara Bank |
21/01/2016 |
- |
25/04/2017 |
1637900000.0 |
Prime Corporate Branch-CP, 2nd Floor,World Trade Tower, Barakhamba Lane,New DelhiDL110001IN |
|
6 |
G42921098 |
80007878 |
Canara Bank |
08/04/2003 |
27/01/2016 |
25/04/2017 |
550000000.0 |
Prime Corporate Branch-CP, 2nd Floor,World Trade Tower, Barakhamba Lane,New DelhiDL110001IN |
|
7 |
G42920256 |
10460043 |
Canara Bank |
01/11/2013 |
29/04/2015 |
25/04/2017 |
45320000.0 |
Prime Corporate Branch-Connaught Place, 2nd Floor,World Trade Tower, Barakhamba Lane,New DelhiDL110001IN |
|
8 |
G42919605 |
10454709 |
Canara Bank |
03/10/2013 |
- |
25/04/2017 |
1147700000.0 |
Prime Corporate Connaught Place BranchWorld Trade Centre, Barakhamba LaneNew DelhiDL110001IN |
|
9 |
C51803591 |
10153063 |
Canara Bank |
27/03/2009 |
13/04/2010 |
29/04/2015 |
139500000.0 |
Prime Corporate Branch-II2nd Floor, World Trade Tower, Barakhamba LaneNew DelhiDL110001IN |
|
10 |
C51802700 |
10043554 |
Canara Bank |
07/02/2007 |
- |
29/04/2015 |
330000000.0 |
PARLIAMENT STREETNEW DELHIDL110001IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Computer software
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 : |
RBY |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
MTN |
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.