|
|
|
MIRA INFORM REPORT
|
Report No. : |
510577 |
|
Report Date : |
19.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
AGARWAL COAL CORPORATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Matra Kripa, Chameli Park, Near Goyal Nagar, Indore – 452001, Madhya
Pradesh |
|
Tel. No.: |
91-731-4714000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
16.08.2000 |
|
|
|
|
Com. Reg. No.: |
10-014351 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 28.728
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23109MP2000PTC014351 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
1196005371 |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
23AACCA8468K1ZF |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA8468K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and importer of coal. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
250 (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Agarwal Group incorporated in the year 2000 and it is a trader and importer of coal. As per financials of March 2017, the company has registered a marginal growth in its revenue and reported average profit margin of 1.26%. Rating takes into consideration the company’s established track record of business operations marked by healthy networth base along with average debt coverage indicators and good liquidity position. Rating continue to reflect the group’s established market position in
the imported coal trading business. Further, the company has reported a good earnings per share of INR
127.46 against its face value of INR 10. However, ratings strength is partially offset by exposure to fluctuations
in forex rates and stretched working capital cycle. Payments are reported to be regular. In view of aforesaid, the company can be considered good 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 |
CRISIL |
|
Rating |
Long Term Rating= A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
27.07.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating= A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
27.07.2017 |
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 19.05.2018
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. Vishnu Kush |
|
Designation : |
Accountant |
|
Contact No.: |
91-731-4714000 |
LOCATIONS
|
Registered Office : |
Matra Kripa, Chameli Park, Near Goyal Nagar, Indore – 452001, Madhya
Pradesh, India |
|
Tel. No.: |
91-731-4714000 |
|
Mobile No.: |
91-9329898919 (Mr. Pradeep Upadhyay) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Agarwal House, 2nd Floor, 5 Yeshwant Colony, Indore –
452003, Madhya Pradesh, India |
|
Tel. No.: |
91-731-2538874 |
|
Fax No.: |
91-731-2531388 |
|
|
|
|
Branch Office 1 : |
202, Anmol Business Centre, Opposite Nildeep Tower, Darpan Six Road,
Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
|
|
|
Branch Office 2 : |
No.5/158 B, Aruna Nagar, Caldwell Colony, Tuticorin – 628008,
Tamilnadu, India |
|
|
|
|
Other Branch Offices : |
Located At: · Belgaum · Bellary · Bilaspur · Brajrajnagar · Chennai · Haldia · Jogighopa · Kandla · Kolkata · Mangalore · Mumbai · Nagpur · Navlakhi · Nimbahera · Paradeep · Raipur · Rourkela · Surat · Talcher · Thane · Vizag · Gandhidham · Katni · Korba · Kujju |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Vinod Kumar Agarwal |
||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||
|
Address : |
2 Matra Kripa Chameli Park, Near Goyal Nagar, Indore – 452016, Madhya
Pradesh, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
11.06.1964 |
||||||||||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||||||||||
|
Date of Appointment : |
04.10.2000 |
||||||||||||||||||||||||
|
PAN No.: |
ABHPA2474Q |
||||||||||||||||||||||||
|
DIN No.: |
00136613 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Surendra Prasad Shukla |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
I-25, LIG Colony, Indore – 452016, Madhya Pradesh, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
16.02.1949 |
||||||||||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2014 |
||||||||||||||||||||||||
|
PAN No.: |
ANZPS2071B |
||||||||||||||||||||||||
|
DIN No.: |
00353879 |
||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Pradeep Upadhyay |
|
Designation : |
General Manager (Accounts) |
|
|
|
|
Name : |
Mr. Vishnu Kush |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Vinod Kumar Agarwal |
|
1012300 |
|
Neena Devi Agarwal |
|
200 |
|
Vinod Kumar Agarwal (HUF) |
|
200 |
|
Archana Kothari |
|
100 |
|
Meena Devi Agarwal |
|
100 |
|
Aditi Mittal |
|
100 |
|
Tapan Agarwal |
|
189000 |
|
Available Finance Limited, India |
|
800000 |
|
Agarwal Fuel Corporation Private Limited, India |
|
1500 |
|
Archana Coal Private Limited, India |
|
438000 |
|
Aereo Dealcomm Private Limited, India |
|
114600 |
|
Jagdamba Enclave Private Limited, India |
|
60000 |
|
Kalika Vyapar Private Limited, India |
|
55000 |
|
Shardha Vanijya Private Limited, India |
|
68500 |
|
Gourist Vyapar Private Limited, India |
|
47500 |
|
Abhilasha Tieup Private
Limited, India |
|
75700 |
|
Alpin Infosys Private Limited, India |
|
10000 |
|
|
|
|
|
Total |
|
2872800 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
41.84 |
|
Promoters [Bodies
corporate] |
43.15 |
|
Public/Other than promoters [Body corporate] |
15.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and importer of coal. [Registered activity and also confirmed by management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
·
Coal |
||||
|
Countries : |
·
Indonesia ·
Australia ·
South African Countries |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C and Cheque |
||||
|
|
|
||||
|
Purchasing : |
L/C and Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers, End Users, Manufacturer
|
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|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited, Scheme No. 94, Sector-B, Behind Bombay Hospital, Indore – 452010, Madhya Pradesh, India · State Bank of India, P.Y. Road, Branch, Indore – 452004, Madhya Pradesh, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Mahendra Badjatya and Company Chartered Accountants |
|
Address : |
208, Morya Centre, 16, Race Course Road, Indore – 452001, Madhya
Pradesh, India |
|
PAN No.: |
AAVFM8487C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Companies
: |
· Agarwal Coal Corporation (S) Pte. Limited · Available Finance Limited |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
· Maa Charitable Trust · Agarwal Transport Corporation Private Limited [U60210MP2003PTC015665] · Archana Coal Private Limited [U01122MP1991PTC006664] · Agarwal Fuel Corporation Private Limited [U45203MP1980PTC001674] · Neena Warehousing Corporation ·
Balaji Sewarath Vinod Agarwal Foundation |
|
|
|
|
Other related parties : |
· Vinod Kumar Agarwal (HUF) ·
Agarmin Coalwashery Private Limited |
CAPITAL STRUCTURE
AS ON 29.09.2017
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 |
|
|
|
|
|
|
2872800 |
Equity Shares |
INR 10/- each |
INR 28.728
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 |
28.728 |
28.728 |
28.728 |
|
(b) Reserves & Surplus |
2916.846 |
2550.679 |
2408.862 |
|
(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) |
2945.574 |
2579.407 |
2437.590 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
102.728 |
113.843 |
113.309 |
|
(b) Deferred tax liabilities (Net) |
23.722 |
25.798 |
26.964 |
|
(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) |
126.450 |
139.641 |
140.273 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
8764.422 |
9434.269 |
15436.337 |
|
(b) Trade payables |
3902.987 |
2969.738 |
5292.463 |
|
(c) Other
current liabilities |
282.584 |
344.270 |
324.944 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
12949.993 |
12748.277 |
21053.744 |
|
|
|
|
|
|
TOTAL |
16022.017 |
15467.325 |
23631.607 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
154.069 |
165.600 |
165.255 |
|
(ii)
Intangible Assets |
0.524 |
0.646 |
0.137 |
|
(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 |
69.403 |
76.147 |
59.397 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
63.019 |
144.985 |
76.627 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
287.015 |
387.378 |
301.416 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2768.784 |
869.472 |
2723.509 |
|
(c) Trade
receivables |
8736.168 |
6951.084 |
9278.094 |
|
(d) Cash
and cash equivalents |
3498.158 |
6601.494 |
10333.481 |
|
(e)
Short-term loans and advances |
731.892 |
657.897 |
995.107 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
15735.002 |
15079.947 |
23330.191 |
|
|
|
|
|
|
TOTAL |
16022.017 |
15467.325 |
23631.607 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
28974.856 |
28287.147 |
35893.179 |
|
|
Other Income |
30.309 |
40.335 |
39.087 |
|
|
TOTAL |
29005.165 |
28327.482 |
35932.266 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
27199.861 |
23323.265 |
32143.160 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1899.312) |
1854.037 |
(1520.803) |
|
|
Employee benefit expense |
235.315 |
133.104 |
130.470 |
|
|
CSR expenditure |
5.700 |
6.540 |
6.225 |
|
|
Other expenses |
2427.844 |
2107.024 |
3798.028 |
|
|
Exceptional items |
0.000 |
0.000 |
276.302 |
|
|
TOTAL |
27969.408 |
27423.970 |
34833.382 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1035.757 |
903.512 |
1098.884 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
457.812 |
671.698 |
812.546 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
577.945 |
231.814 |
286.338 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
13.850 |
13.473 |
15.637 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
564.095 |
218.341 |
270.701 |
|
|
|
|
|
|
|
Less |
TAX |
197.928 |
76.524 |
87.501 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
366.167 |
141.817 |
183.200 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
127.46 |
49.37 |
63.77 |
Expected Sales (2017-2018): INR 29000.000 Million
The above information has been parted by Mr. Vishnu Kush [Accountant]
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(2427.930) |
2303.808 |
196.695 |
|
Net cash flows from (used in) operating activities |
(2427.934) |
2300.567 |
124.919 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
110.05 |
89.69 |
94.35 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.32 |
4.07 |
3.87 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
52.37 |
46.48 |
60.10 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.37 |
1.04 |
0.40 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
6.70 |
5.43 |
6.64 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.81 |
0.83 |
0.90 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.01 |
3.70 |
6.38 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.40 |
4.94 |
8.64 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.05 |
0.06 |
0.07 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.26 |
1.35 |
1.35 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
1.26 |
0.50 |
0.51 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.29 |
0.92 |
0.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.43 |
5.50 |
7.52 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.22 |
1.18 |
1.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.00 |
1.11 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.18 |
0.17 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
308.66 |
332.36 |
541.27 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.22 |
1.18 |
1.11 |
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 |
28.728 |
28.728 |
28.728 |
|
Reserves & Surplus |
2408.862 |
2550.679 |
2916.846 |
|
Net
worth |
2437.590 |
2579.407 |
2945.574 |
|
|
|
|
|
|
Long-term borrowings |
113.309 |
113.843 |
102.728 |
|
Short term borrowings |
15436.337 |
9434.269 |
8764.422 |
|
Total
borrowings |
15549.646 |
9548.112 |
8867.150 |
|
Debt/Equity
ratio |
6.379 |
3.702 |
3.010 |
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 |
35893.179 |
28287.147 |
28974.856 |
|
|
|
(21.191) |
2.431 |
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 |
35893.179 |
28287.147 |
28974.856 |
|
Profit/ (Loss) |
183.200 |
141.817 |
366.167 |
|
|
0.51
% |
0.50
% |
1.26
% |
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 |
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
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 |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
102.728 |
112.979 |
|
|
|
|
|
Total |
102.728 |
112.979 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C16628091 |
10515243 |
INDIAN OVERSEAS BANK |
18/08/2014 |
- |
- |
700000000.0 |
MID CORPOATE BRANCH, SANGHI MANOR6/2, NEAR RANI SATI GATE, Y N ROADINDOREMP452003IN |
|
2 |
A76379858 |
10189269 |
UCO BANK |
12/11/2009 |
07/12/2009 |
- |
1471500000.0 |
GRAM PIPLIAHANA BRANCHTILAK NAGARINDOREMP452018IN |
|
3 |
G74040312 |
10040828 |
UCO BANK |
08/03/2007 |
22/12/2017 |
- |
10400000000.0 |
GRAM PIPLIAHANATILAK NAGARINDOREMP452003IN |
|
4 |
C48202014 |
10496169 |
HDFC BANK LIMITED |
07/04/2014 |
- |
21/03/2015 |
880000000.0 |
SCHEME NO. 94, SECTOR-B, BEHIND BOMBAY HOSPITALINDOREMP452010IN |
|
5 |
C40305401 |
10279936 |
BANK OF INDIA |
22/03/2011 |
- |
12/01/2015 |
525000000.0 |
INDORE MID CORPORATE BRANCH345A, PU4 SCHEME NO. 54, VIJAY NAGARINDOREMP452010IN |
|
6 |
C41049487 |
10189464 |
STATE BANK OF INDIA |
26/10/2009 |
- |
12/01/2015 |
350000000.0 |
P.Y. ROAD BRANCHINDOREMP452004IN |
|
7 |
C41048141 |
10041820 |
STATE BANK OF INDIA |
06/03/2007 |
- |
12/01/2015 |
45000000.0 |
C & I DIVISION1, P.Y. ROADINDOREMP452003IN |
|
8 |
C41050139 |
10051277 |
STATE BANK OF INDIA |
16/05/2007 |
- |
12/01/2015 |
45000000.0 |
1, P. Y. ROAD BRANCHP.Y.ROAD INDOREINDOREMP452001IN |
|
9 |
C39837075 |
10505518 |
UCO BANK |
09/06/2014 |
- |
09/01/2015 |
3450000000.0 |
GRAM PIPLIHANATILAK NAGAR BRANCHINDOREMP452001IN |
|
10 |
C39841671 |
10249761 |
UCO BANK |
04/11/2010 |
- |
09/01/2015 |
500000000.0 |
GRAM PIPLIAHANATILAK NAGARINDOREMP452001IN |
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 67.96 |
|
|
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
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.