|
|
|
MIRA
INFORM REPORT
|
Report No. : |
509284 |
|
Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
APPLE INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 701-A, 7th Floor, GD-ITL Tower, Plot No. B-8,
Netaji Subhash Place, Pitampura, Delhi-110034 |
|
Tel. No.: |
91-120-4204461 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
11.03.2008 |
|
|
|
|
Com. Reg. No.: |
55-175180 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 115.213 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74120DL2008PLC175180 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA9960N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Sponge
Iron, Mild Steel Billets, TMT Bars and Power on own as well as on Job Work
Basis. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Poor |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2008. It is a manufacturer of Sponge Iron, Mild Steel Billets, TMT Bars and Power.
Further, subject has been found under RBI defaulter’s list, the name of credit grantor is Punjab National Bank and the amount charged is INR 248.339 million dated 31.12.2017,
|
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 has been found enlisted as a
defaulter in the publicly available RBI Defaulters’ list and the details of the
same are as under :
|
Borrowers’ Name : |
APPLE INDUSTRIES LIMITED |
|
Address : |
T1 and 3rd Floor, Anupam Plaza,
IIT Crossing Hauz Khas, New Delhi, India |
|
Name of Individual : |
Mr. Pawana Kumar Garg Mr. Purushottam Dass Saini Mr. Sanjeev Shiv Kumar Agarwal Mr. Yoginder Garg |
|
Name of Credit Grantors / Bank & Branch: |
Punjab National Bank, ECE House, New Delhi,
India |
|
Amount (INR In Million) : |
INR 2483.387 million |
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 16.05.2018
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 DECLINED BY
|
Name : |
Mr. Pawan Kumar Garg |
|
Designation : |
Director |
|
Contact No.: |
91-9000010064 |
|
Date : |
15.05.2018 |
LOCATIONS
|
Registered Office : |
Unit No. 701-A, 7th Floor, GD-ITL Tower, Plot No. B-8,
Netaji Subhash Place, Pitampura, Delhi-110034, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9000010064 [Mr. Pawan
Kumar Garg] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Factory : |
Village D. Hirrehal, Raidurg Road, 18 kms. FROM Bellary on Bangalore
Highway, District Anantapur, Andhar Pradesh, India |
|
Tel. No.: |
91-8392-260557 |
|
Fax No.: |
91-8392-260554 |
|
|
|
|
Corporate Office : |
B-16, Sector-2,
Noida-201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4204461/ 62 |
|
Fax No.: |
91-120-4204463 |
|
|
|
|
Branch Office : |
Plot No 51, 2nd Stage,
KIADB Industrial Area, Bangalore Road, Bellary-583101, Karnataka, India |
DIRECTORS
AS ON 2018
|
Name : |
Mr. Pawan Kumar Garg |
||||||||||
|
Designation : |
Director |
||||||||||
|
Address : |
8-2-684/1/1, Banjara Hills, Road No.12, Ward-8, Circle-VII, Hyderabad-500034,
Telangana, India |
||||||||||
|
Date of Birth/Age : |
02.12.1961 |
||||||||||
|
Qualification : |
Graduate |
||||||||||
|
Date of Appointment : |
10.06.2011 |
||||||||||
|
PAN No.: |
AAHPG8132G |
||||||||||
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DIN No.: |
01626915 |
||||||||||
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Other Directorship:
|
|||||||||||
|
|
|
||||||||||
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Name : |
Mr. Jai Kishan |
||||||||||
|
Designation : |
86, Block-8, Ramesh Nagar, Delhi-110015, India |
||||||||||
|
Address : |
Additional Director |
||||||||||
|
Date of Appointment : |
25.11.2016 |
||||||||||
|
DIN No.: |
07662818 |
||||||||||
|
|
|
||||||||||
|
Name : |
Mr. Purushottam Dass Saini |
||||||||||
|
Designation : |
Director |
||||||||||
|
Address : |
Flat No 510, Old Rto Road
Mess Road, Belagal Cross, Sai Thirumala Apartment, Bellary-583104, Karnataka,
India |
||||||||||
|
Date of Birth/Age : |
08.06.1959 |
||||||||||
|
PAN No.: |
ASBPS6183P |
||||||||||
|
Qualification : |
Graduate |
||||||||||
|
Date of Appointment : |
28.05.2015 |
||||||||||
|
DIN No.: |
07195389 |
||||||||||
|
Other Directorship :
|
|
||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Narendra Garg |
|
10000 |
|
Ashish Garg |
|
10000 |
|
Ankit Garg |
|
10000 |
|
Shaloo Garg |
|
10000 |
|
Pawan Garg |
|
10000 |
|
Pulkit Garg |
|
10000 |
|
Yogendra Kumar Garg |
|
10000 |
|
Doon
Alloys and Casting Private Limited |
|
211000 |
|
Ankush Alloys Private Limited |
|
460000 |
|
Neekunj Power Private Limited |
|
454800 |
|
M.G. Metalloy Private Limited |
|
7190700 |
|
Suretop Ventures Limited |
|
2827319 |
|
Total |
|
11213819 |
AS ON 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
0.62 |
|
Promoters – Body Corporate |
64.13 |
|
Public/Other than promoters - Body Corporate |
35.25 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sponge
Iron, Mild Steel Billets, TMT Bars and Power on own as well as on Job Work
Basis. [Registered Activity] |
||||
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|
||||
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Products : |
|
||||
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|
||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
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Terms : |
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||||
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Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Parkea
and Company Chartered Accountants |
|
Address : |
Flat No.212, II Floor,
Raghava Krishna Complex, Krishnamachari Road, Bellary-583101, Karnataka,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
ADGPB8334F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company (As on 31.03.2016): |
M.G. Metalloy Private Limited, India [CIN No:U27101DL2010PTC202918] |
|
|
|
|
Other Related Parties (As on 31.03.2016): |
Apple Carbon Private Limited, India [CIN No:U27101DL2010PTC202918] |
CAPITAL STRUCTURE
AFTER 30.09.2016
Authorised Capital : INR
125.000 Million
Issued, Subscribed & Paid-up Capital : INR 115.340 Million
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
INR 10/- each |
INR 125.000 Million |
|
|
|
|
|
Issued & Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12443819 |
Equity Shares |
INR 10/- each |
INR 124.438 Million |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11213819 |
Equity Shares |
INR 10/- each |
INR 112.138 Million |
|
|
Add: Forfeited shares |
|
INR 3.075 Million |
|
|
Total |
|
INR
115.213 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 |
115.213 |
86.940 |
79.650 |
|
(b) Reserves and Surplus |
(755.167) |
(332.076) |
196.200 |
|
(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) |
(639.954) |
(245.136) |
275.850 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2808.943 |
3814.448 |
2296.744 |
|
(b) Deferred tax liabilities (Net) |
113.305 |
116.996 |
120.641 |
|
(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) |
2922.248 |
3931.444 |
2417.385 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
562.772 |
246.595 |
363.551 |
|
(b) Trade
payables |
72.351 |
129.602 |
132.707 |
|
(c) Other
current liabilities |
7.686 |
30.486 |
26.021 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
642.809 |
406.683 |
522.279 |
|
|
|
|
|
|
TOTAL |
2925.103 |
4092.991 |
3215.514 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1272.256 |
1426.256 |
1603.996 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.015 |
0.015 |
0.015 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
60.836 |
35.091 |
30.446 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1333.107 |
1461.362 |
1634.457 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
196.757 |
235.322 |
194.886 |
|
(c) Trade
receivables |
75.837 |
337.717 |
345.422 |
|
(d) Cash and
bank balances |
10.941 |
18.798 |
5.482 |
|
(e)
Short-term loans and advances |
1308.461 |
2039.792 |
1035.099 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.168 |
|
Total
Current Assets |
1591.996 |
2631.629 |
1581.057 |
|
|
|
|
|
|
TOTAL |
2925.103 |
4092.991 |
3215.514 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
761.153 |
1282.912 |
1261.437 |
|
|
Other Income |
7.612 |
7.321 |
2.752 |
|
|
TOTAL |
768.765 |
1290.233 |
1264.189 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
603.731 |
827.563 |
1167.532 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
12.179 |
51.293 |
(21.150) |
|
|
Employee benefit expense |
3.638 |
4.070 |
3.200 |
|
|
Other expenses |
421.532 |
427.738 |
408.508 |
|
|
Prior period items |
0.000 |
(10.499) |
0.050 |
|
|
TOTAL |
1041.080 |
1300.165 |
1558.140 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(272.315) |
(9.932) |
(293.951) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.071 |
482.059 |
278.396 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(272.386) |
(491.991) |
(572.347) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
154.396 |
178.440 |
209.128 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(426.782) |
(670.431) |
(781.475) |
|
|
|
|
|
|
|
Less |
TAX |
(3.691) |
(3.645) |
62.182 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(423.091) |
(666.786) |
(843.657) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(34.00) |
(69.34) |
(87.73) |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
650.623 |
(1052.995) |
(1158.291) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
652.944 |
(1051.640) |
(1158.291) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
36.37 |
96.08 |
99.95 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
10.04 |
3.80 |
3.65 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
43.74 |
57.16 |
41.49 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
(1.38) |
(0.04) |
(1.51) |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
(0.21) |
(0.01) |
(0.18) |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
1.18 |
1.03 |
0.88 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
(5.27) |
(16.57) |
9.64 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
(1.00) |
(1.66) |
1.89 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
(1.99) |
(5.82) |
5.81 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
(3835.42) |
(0.02) |
(1.06) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
(55.59) |
(51.97) |
(66.88) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
(14.46) |
(16.29) |
(26.24) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
66.11 |
272.01 |
(305.84) |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
2.48 |
6.47 |
3.03 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
2.17 |
5.89 |
2.65 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
(0.22) |
(0.06) |
0.09 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
29.27 |
46.71 |
33.40 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
2.48 |
6.47 |
3.03 |
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 |
79.650 |
86.940 |
115.213 |
|
Reserves & Surplus |
196.200 |
(332.076) |
(755.167) |
|
Net
worth |
275.850 |
(245.136) |
(639.954) |
|
|
|
|
|
|
Long-term borrowings |
2296.744 |
3814.448 |
2808.943 |
|
Short term borrowings |
363.551 |
246.595 |
562.772 |
|
Total
borrowings |
2660.295 |
4061.043 |
3371.715 |
|
Debt/Equity
ratio |
9.644 |
(16.566) |
(5.269) |
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 |
1261.437 |
1282.912 |
761.153 |
|
|
|
1.702 |
(40.670) |
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 |
1261.437 |
1282.912 |
761.153 |
|
Profit/ (Loss) |
(843.657) |
(666.786) |
(423.091) |
|
|
(66.88
%) |
(51.97
%) |
(55.59
%) |
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 |
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BRIEF DESCRIPTION OF
THE COMPANY’S WORKING DURING THE YEAR/STATE OF COMPANY’S AFFAIR (As on
31.03.2016)
The company has received total revenue of INR 768.765 million in the current year as compared to INR 1290.233 million in the previous year. However, the company has incurred the loss of INR 423.091 million in the current year as compared to loss incurred of INR 666.786 million in the previous year.
CORPORATE INFORMATION:
The Company is an unlisted
public limited company and was incorporated on 11th of March 2008 with
objective of establishing an Integrated Steel Plant and engaging in manufacture
of Sponge Iron, Mild Steel Billets, TMT Bars and Power on own as well as on Job
Work Basis.
The Company has its registered office at H No 1/3787, First Floor, Bhagwanpur Kher, Ramnagar Shahdara, Delhi East, Delhi-110032, India and has Integrated Steel Plant located at D Hirehal Village, Ananthpur District, Andhra Pradesh and Branch at Plot No 51, 2nd Stage, KIADB Industrial Area, Bangalore Road, Bellary – 583101, Karnataka, India .
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C54837018 |
10571825 |
08/12/2014 |
- |
- |
1100000000.0 |
9-H, 9TH FLOOR15, HANSALAYA BUILDING, BARAKHAMBA ROADNEW DELHIDL110001IN |
|
|
2 |
B97070874 |
10479271 |
PUNJAB NATIONAL BANK |
30/12/2013 |
- |
- |
3008500000.0 |
ECE HOUSE, K.G. MARGDELHIDL110001IN |
|
3 |
B43945187 |
10314697 |
PUNJAB NATIONAL BANK |
10/10/2011 |
18/07/2012 |
- |
160000000.0 |
ECE House, K.G. Marg,Connaught PlaceNew DelhiDL110001IN |
|
4 |
A85076289 |
10219166 |
PUNJAB NATIONAL BANK |
08/04/2010 |
- |
- |
1342400000.0 |
ECE HOUSE, 28-AK.G. MARGNEW DELHIDL110001IN |
|
5 |
B43945732 |
10219169 |
PUNJAB NATIONAL BANK |
31/03/2010 |
18/07/2012 |
- |
300000000.0 |
ECE House, K.G. Marg,Connaugt Place,New DelhiDL110001IN |
|
6 |
A52488608 |
10133695 |
PUNJAB NATIONAL BANK |
03/12/2008 |
- |
- |
580000000.0 |
E C E HOUSEK G MARGNEW DELHIDL110001IN |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
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 67.53 |
|
UK Pound |
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
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.