|
|
|
MIRA INFORM REPORT
|
Report No. : |
509671 |
|
Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
GREEN GOLD TIMBERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 36/1 and 37, NH8A, 8 KM, Milestone, Post Box No. 259,
Padama Anjar, Kutch – 370201, Gujarat |
|
Mobile No.: |
91-9099025721 (Mr. Surender) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
15.10.1998 |
|
|
|
|
Com. Reg. No.: |
04-034826 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 44.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20200GJ1998PTC034826 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
3798000891 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAACG7875Q1ZW |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG7875Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
175 (Approximately) |
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1998. The company is a
manufacturer, trader of furniture components, door, windows, seasoned timber,
timber deckings etc. As per the financial records of 2017, the company has reported a
decline in its revenue as compared to the previous year and has achieved a
low net profit margin of 0.44%. The moderate is active. 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 18.05.2018
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. Surender |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9099025721 |
|
Date : |
16.05.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Survey No. 36/1and 37, NH8A, 8 KM, Milestone, Post Box No. 259, Padama
Anjar, Kutch – 370201, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9099025721 (Mr. Surender) 91-9825225721 (Mr. Anuj) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
Plot No. B-5, Government Industrial Estate, Patel Nagar, Dehradun –
248001, Uttarakhand, India |
|
Tel. No.: |
91-135-2722541 |
|
Fax No.: |
91-135-2723404 |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Mudit Manglik |
|
Designation : |
Director |
|
Address : |
11-A Nemi Road, Dalanwala, Dehradun – 248001, Uttarakhand,
India |
|
Date of Birth/Age : |
25.12.1970 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
15.10.1998 |
|
DIN No.: |
00301050 |
|
PAN No.: |
AIAPM6947Q |
|
|
|
|
Name : |
Mr. Akhilesh Manglik |
|
Designation : |
Director |
|
Address : |
House No-41/42 Navratan Residency, Block-A, Meghpar
Borichi, Anjar -370110, Gujarat, India |
|
Date of Birth/Age : |
01.11.1945 |
|
Qualification: |
LLB, BSC |
|
Date of Appointment : |
15.10.1998 |
|
DIN No.: |
00301110 |
|
PAN No.: |
ABNPM2826Q |
|
|
|
|
Name : |
Mr. Anuj Manglik |
|
Designation : |
Director |
|
Address : |
Plot No-180/181 Navratana Residency Meghpar Borichi,
Gandhidham -370201, Gujarat, India |
|
Date of Birth/Age : |
17.02.1974 |
|
Qualification: |
MBA, B TECH |
|
Date of Appointment : |
15.10.1998 |
|
DIN No.: |
00301167 |
|
PAN No.: |
AKHPM7191F |
|
|
|
|
Name : |
Mrs. Rita Manglik |
|
Designation : |
Director |
|
Address : |
180 Navrattan Residency, Meghpar Anjar, Gandhidham, Kutch -
370110, Gujarat,
India |
|
Date of Birth/Age : |
02.08.1949 |
|
Qualification: |
B.A. |
|
Date of Appointment : |
27.09.2007 |
|
DIN No.: |
02561466 |
|
PAN No.: |
02561466 |
KEY EXECUTIVES
|
Name : |
Mr. Surender |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Akhilesh Manglik |
|
1488770 |
|
Mudit Manglik |
|
246060 |
|
Anuj Manglik |
|
928540 |
|
Rita Manglik |
|
400210 |
|
Archana Manglik |
|
438960 |
|
Rashi Manglik |
|
189060 |
|
Mudit Manglik HUF |
|
357150 |
|
Green Gold Tree Farmers Private Limited, India |
|
210000 |
|
Ankit Manglik |
|
150 |
|
Madhu Jain |
|
150 |
|
Rakesh Sagar Jain |
|
150 |
|
Fulford Sales Private Limited, India |
|
150 |
|
Goldborn Commotrade Private Limited, India |
|
150 |
|
Navnita Delcomm Private Limited, India |
|
150 |
|
Timbor Home Private Limited, India |
|
150 |
|
Akhilesh Manglik HUF |
|
140000 |
|
DIY Furnitures Private Limited, India |
|
100 |
|
Danewalia Timber Private Limited, India |
|
100 |
|
|
|
|
|
Total |
|
4400000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
95.21 |
|
Promoters- Body corporate |
4.77 |
|
Public/Other than promoters - Body corporate |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
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Products / Services
: |
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Brand Names : |
Not Available |
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||||
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
||||
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Imports : |
|
||||
|
Products : |
·
Raw Material |
||||
|
Countries : |
·
European Countries ·
United Kingdom ·
United States of America ·
New Zealand ·
Malaysia ·
Indonesia ·
Australia |
||||
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||||
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Terms : |
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||||
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Selling : |
Credit and Others (RTGS) (30,60 Days) |
||||
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|
||||
|
Purchasing : |
Credit and Others (RTGS) (30,60 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users, OEM’s
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No. of Employees : |
175 (Approximately) |
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Bankers : |
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||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Hiranandani and Company Chartered Accountants |
|
Address : |
“Banke Bihari” Plot No. 16,
Ward 10B (C), Opposite IFFCO Colony, Main Gate, Gandhidham – 370203, Gujarat,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFH2667N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
|
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 |
|
|
|
|
|
|
4400000 |
Equity Shares |
INR 10/- each |
INR 44.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
44.000 |
44.000 |
44.000 |
|
(b) Reserves and Surplus |
21.122 |
16.125 |
11.646 |
|
(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) |
65.122 |
60.125 |
55.646 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
77.079 |
79.264 |
50.646 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
77.079 |
79.264 |
50.646 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
81.500 |
59.986 |
110.343 |
|
(b) Trade
payables |
410.848 |
518.361 |
317.524 |
|
(c) Other current
liabilities |
51.305 |
38.447 |
48.554 |
|
(d) Short-term
provisions |
3.290 |
3.672 |
3.976 |
|
Total Current
Liabilities (4) |
546.943 |
620.466 |
480.397 |
|
|
|
|
|
|
TOTAL |
689.144 |
759.855 |
586.689 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
12.835 |
15.606 |
18.704 |
|
(ii)
Intangible Assets |
0.042 |
0.055 |
0.010 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.018 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.735 |
0.530 |
0.185 |
|
(d)
Long-term loans and advances |
7.765 |
3.445 |
3.197 |
|
(e) Other Non-current
assets |
41.232 |
39.715 |
31.935 |
|
Total Non-Current
Assets |
62.609 |
59.351 |
54.049 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
158.920 |
298.070 |
193.089 |
|
(c) Trade
receivables |
416.221 |
373.006 |
330.291 |
|
(d) Cash and
bank balances |
1.220 |
2.696 |
1.669 |
|
(e)
Short-term loans and advances |
42.207 |
13.982 |
1.355 |
|
(f) Other
current assets |
7.967 |
12.750 |
6.236 |
|
Total
Current Assets |
626.535 |
700.504 |
532.640 |
|
|
|
|
|
|
TOTAL |
689.144 |
759.855 |
586.689 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1125.151 |
1190.039 |
1089.026 |
|
|
Other Income |
19.168 |
3.343 |
18.381 |
|
|
TOTAL |
1144.319 |
1193.382 |
1107.407 |
|
|
|
(Due to less order) |
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
829.405 |
1084.153 |
885.748 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
139.150 |
(104.980) |
65.774 |
|
|
Employee benefit expense |
8.811 |
7.122 |
6.325 |
|
|
Other expenses |
125.238 |
169.587 |
106.863 |
|
|
TOTAL |
1102.604 |
1155.882 |
1064.710 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
41.715 |
37.500 |
42.697 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
30.476 |
25.029 |
28.588 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
11.239 |
12.471 |
14.109 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.178 |
3.995 |
5.370 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
8.061 |
8.476 |
8.739 |
|
|
|
|
|
|
|
Less |
TAX |
3.064 |
3.997 |
3.356 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
4.997 |
4.479 |
5.383 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.14 |
1.02 |
1.08 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.348 |
1.672 |
0.892 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
19.170 |
60.826 |
(40.508) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
12.820 |
53.256 |
(44.477) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
135.02 |
114.41 |
110.70 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.70 |
3.19 |
3.30 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
180.80 |
174.52 |
130.85 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.26 |
0.13 |
0.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
3.24 |
2.39 |
2.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.91 |
0.92 |
0.91 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.44 |
2.34 |
2.91 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
8.40 |
10.32 |
8.63 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.20 |
0.26 |
0.34 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.37 |
1.50 |
1.49 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.44 |
0.38 |
0.49 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.73 |
0.59 |
0.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.67 |
7.45 |
9.67 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.15 |
1.13 |
1.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.85 |
0.65 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.09 |
0.08 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.61 |
3.20 |
3.68 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.15 |
1.13 |
1.11 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
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 |
44.000 |
44.000 |
44.000 |
|
Reserves & Surplus |
11.646 |
16.125 |
21.122 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
55.646 |
60.125 |
65.122 |
|
|
|
|
|
|
Long-term borrowings |
50.646 |
79.264 |
77.079 |
|
Short term borrowings |
110.343 |
59.986 |
81.500 |
|
Current maturities of
long-term debts |
0.892 |
1.672 |
0.348 |
|
Total
borrowings |
161.881 |
140.922 |
158.927 |
|
Debt/Equity
ratio |
2.909 |
2.344 |
2.440 |
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 |
1089.026 |
1190.039 |
1125.151 |
|
|
|
9.276 |
(5.453) |
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 |
1089.026 |
1190.039 |
1125.151 |
|
Profit/ (Loss) |
5.383 |
4.479 |
4.997 |
|
|
0.49
% |
0.38
% |
0.44
% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS
The companies working results for the year ended 31st March, 2017 have been satisfactory. The total turnover stood at INR 1125.151 Million during the year and the will observe that the company has made net profit of INR 8.061 Million (before tax). The Directors recommend that after making a provision for current and deferred tax, the balance may be carried forward. In the current year, company has good contracts on hand and directors hope to show better results but for unforseen circumstances.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Intercorporate deposits |
36.075 |
42.754 |
|
Loans and advances from directors |
15.002 |
17.260 |
|
Loans and advances from others |
19.820 |
12.587 |
|
Other loans and advances, others |
6.155 |
6.288 |
|
SHORT TERM
BORROWING |
|
|
|
Borrowing from government semi-government bodies |
3.000 |
0.000 |
|
Intercorporate borrowings |
3.000 |
0.000 |
|
Loans and advances from others |
0.500 |
0.414 |
|
Total |
83.552 |
79.303 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B91461475 |
10437818 |
UNION BANK OF
INDIA |
07/07/2013 |
28/11/2013 |
- |
57000000.0 |
19-BRAJPUR
ROADDEHRADUNUR248001IN |
|
2 |
Y10196399 |
90106707 |
UNION BANK OF
INDIA |
10/02/2003 |
10/02/2003 |
- |
10000000.0 |
19-B RAJPUR
ROADDEHRADUNUPIN |
|
3 |
Y10196273 |
90106581 |
UNION BANK OF
INDIA |
13/11/2001 |
21/04/2005 |
- |
10000000.0 |
19-B RAJPUR
ROADDEHRADUNUPIN |
|
4 |
G84425941 |
90105115 |
UNION BANK OF
INDIA |
11/10/2001 |
21/03/2018 |
- |
435000000.0 |
DEHRADUN MAIN
BRANCH19 B RAJPUR ROADDEHRADUNUR248001IN |
|
5 |
A49557267 |
10111450 |
HDFC BANK LIMITED |
28/04/2008 |
- |
24/10/2008 |
100000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
FIXED ASSETS:
Tangible assets
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Leasehold improvements
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 67.72 |
|
|
1 |
INR 91.65 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KVT |
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.