|
|
|
MIRA INFORM REPORT
|
Report No. : |
510327 |
|
Report Date : |
19.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
LYKOS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-64, Defence Colony, New Delhi – 110024 |
|
Tel. No.: |
91-22-33712599 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.12.2013 |
|
|
|
|
Com. Reg. No.: |
55-262458 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 34.578 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51101DL2013PTC262458 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AACCL6124H1ZO |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCL6124H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Metals. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
4000 (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 |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Trafigura Pte Limited”, Singapore. The company was incorporated in the year 2013. It is a trader of metals. For the financial year ended 2017, the revenue of the company has increased by 36.22% along with average profit margin of 2.00%. The satisfactory financial profile of the company is marked by improving networth base due to equity infused by its promoters. Rating takes into consideration strong financial and managerial support that the company receives from its holding entity backed by its well experienced management team. However, rating is constrained on account of poor debt coverage indicators due to high debt balance sheet profile. Payment seems to be slow. In view of aforesaid, the company can be considered for
business dealings with some caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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 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. Arjun |
|
Designation : |
Finance Department |
|
Contact No.: |
91-7506725689 |
|
Date : |
18.05.2018 |
LOCATIONS
|
Registered Office : |
D-64, Defence Colony, New Delhi – 110024, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-7506725689 (Mr. Arjun) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office : |
1001 and 1101, A Wing, One BKC, Plot No.C66, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400051, Maharashtra, India |
|
|
|
|
Branch Office : |
11th Floor, A Wing, One BKC, Bandra Kurla Complex, Bandra
(East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-30240000 / 30240880 / 33712599 / 33712500 |
|
Fax No.: |
91-22-30240910 / 30240911 |
|
|
|
|
Warehouse 1 : |
F-279, A RIICO Industrial Area, Chopanki, Bhiwadi – 301019, Rajasthan,
India |
|
|
|
|
Warehouse 2 : |
Old Survey No 11, 11-2,11-6 ,11-9, 11-1A1A1D, Makali Village,
Dasanpura Hobli, Bangalore North Taluk, Makali, Tumkur Road, Bangalore –
562162, Karnataka, India |
|
|
|
|
Warehouse 3 : |
Survey No. 1439, Chacharwadi Vasna Mandir Road, Bhat,
Changodar- Bavla Highway, Ahmedabad – 382210, Gujarat, India |
|
|
|
|
Warehouse 4 : |
Mouja Dhulagori, J L No. 01, R S Dag No 4188, L R Dag No
3631, Under Khaitan No 187 and 765, Dhulagori Puratan Chowrasta, Police
Station-Sankrail, Dhulagarh, Howrah – 711302, West Bengal, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Amol Ashwani Mehra |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
501, Suraj, Vasundhara Building, Thakur Village, Kandivili (East),
Mumbai – 400101, Maharashtra, India |
||||||||||||
|
Date of Appointment : |
29.09.2017 |
||||||||||||
|
DIN No.: |
06834787 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Ishwar Haswani |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
LIG 2095, Awas Vikas Colony – 3, Panki Kalyanpur Road, Kanpur –
208018, Uttar Pradesh, India |
||||||||||||
|
Date of Birth/Age : |
17.10.1984 |
||||||||||||
|
Date of Appointment : |
20.06.2014 |
||||||||||||
|
DIN No.: |
06818531 |
||||||||||||
|
Other
Directorship:
|
|||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Arjun |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Trafigure Pte Limited, Singapore |
3447780 |
|
Trafigure India Private Limited, India |
10000 |
|
|
|
|
Total |
3457780 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Metals. [Registered activity and also confirmed by management] |
||||
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Products / Services
: |
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||||
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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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Exports : |
|
||||
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Products : |
·
Finished Goods |
||||
|
Countries : |
·
Korea ·
Thailand ·
Russia ·
South Africa |
||||
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|
|
||||
|
Imports : |
|
||||
|
Products : |
·
Raw Materials |
||||
|
Countries : |
·
Korea ·
Thailand ·
Russia ·
South Africa |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Advance Payment, Credit (30 Days) and Others (NEFT / RTGS) |
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|
|
|
||||
|
Purchasing : |
Advance Payment, Credit (30 Days) and Others (NEFT / RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||||||||||
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Customers : |
Wholesalers, End Users
|
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|
||||||||||||||||||||||
|
No. of Employees : |
4000 (Approximately) |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Bankers : |
·
Standard Chartered Bank, Narain Manzil, 23,
Barakhamba Road, Delhi – 110001, India ·
Kotak Mahindra Bank Limited, 27BKC, C 27, G BlockBandra
Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
SBP and Associates Chartered Accountants |
|
Address : |
1208, Maker Chamber V, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
PAN No.: |
ABGFS0748E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding
company : |
· Trafigura Pte Limited |
|
|
|
|
Other related
parties : |
· Titra Trading Private Limited · Trafigura Global Services Private Limited · TER Commodities Trading Private Limited ·
TAG Eco Recycling India Private Limited · Trafigura India Private Limited · Trafigura Trading LLC |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
INR 10/- each |
INR 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3457780 |
Equity Shares |
INR 10/- each |
INR 34.578 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 |
34.578 |
12.387 |
12.387 |
|
(b) Reserves & Surplus |
406.903 |
3.604 |
-34.301 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
22.613 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
441.481 |
38.604 |
-21.914 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
15.900 |
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) |
15.900 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
4954.057 |
1847.639 |
175.735 |
|
(b) Trade
payables |
1474.670 |
1733.516 |
965.975 |
|
(c) Other
current liabilities |
175.333 |
140.393 |
107.984 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
6604.060 |
3721.548 |
1249.694 |
|
|
|
|
|
|
TOTAL |
7061.441 |
3760.152 |
1227.780 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
1.667 |
3.361 |
5.007 |
|
(ii)
Intangible Assets |
78.945 |
41.601 |
15.505 |
|
(iii)
Capital work-in-progress |
0.000 |
7.097 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
19.098 |
41.508 |
|
(d)
Long-term Loan and Advances |
1.634 |
1.634 |
1.634 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
82.246 |
72.791 |
63.654 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
653.896 |
895.084 |
796.889 |
|
(c) Trade
receivables |
5537.324 |
2287.276 |
78.649 |
|
(d) Cash
and cash equivalents |
215.642 |
2.982 |
31.783 |
|
(e)
Short-term loans and advances |
206.673 |
147.736 |
24.732 |
|
(f) Other
current assets |
365.660 |
354.283 |
232.073 |
|
Total
Current Assets |
6979.195 |
3687.361 |
1164.126 |
|
|
|
|
|
|
TOTAL |
7061.441 |
3760.152 |
1227.780 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
14581.948 |
10704.433 |
1687.502 |
|
|
|
|
Other Income |
3.616 |
3.267 |
3.322 |
|
|
|
|
TOTAL |
14585.564 |
10707.700 |
1690.824 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Purchase of Stock-in-trade |
13451.710 |
10420.627 |
2464.493 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
273.826 |
(98.195) |
(796.889) |
|
|
|
|
Other expenses |
221.856 |
202.588 |
136.107 |
|
|
|
|
Exceptional items |
0.188 |
0.000 |
0.000 |
|
|
|
|
TOTAL |
13947.580 |
10525.020 |
1803.711 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
637.984 |
182.680 |
(112.887) |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
157.837 |
113.810 |
8.638 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
480.147 |
68.870 |
(121.525) |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
19.307 |
8.555 |
3.272 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
460.840 |
60.315 |
(124.797) |
||
|
|
|
|
|
|
||
|
Less |
TAX |
168.495 |
22.409 |
(41.456) |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
292.345 |
37.906 |
(83.341) |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
249.278 |
675.635 |
78.903 |
|
|
|
TOTAL IMPORTS |
249.278 |
675.635 |
78.903 |
||
|
|
|
|
|
|
||
|
|
Earnings / (Loss)
Per Share (INR) |
92.88 |
30.60 |
(92.39) |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
133.763 |
89.075 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
(2675.230) |
(1539.033) |
(173.244) |
|
Net cash flows from (used in) operating activities |
(2693.673) |
(1552.539) |
(173.655) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
138.60 |
77.99 |
17.01 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.63 |
4.68 |
21.46 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
40.01 |
60.72 |
143.06 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.98 |
0.20 |
(0.14) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
7.91 |
3.51 |
(5.50) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.94 |
1.03 |
1.09 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
11.22 |
51.33 |
(12.08) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
14.96 |
96.40 |
(57.03) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.18 |
1.35 |
(0.94) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.04 |
1.61 |
(13.07) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
2.00 |
0.35 |
(4.94) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.14 |
1.01 |
(6.79) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
66.22 |
98.19 |
380.31 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.06 |
0.99 |
0.93 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.96 |
0.75 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.06 |
0.01 |
(0.02) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
143.27 |
159.96 |
21.38 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.06 |
0.99 |
0.93 |
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 |
12.387 |
12.387 |
34.578 |
|
Reserves & Surplus |
(34.301) |
3.604 |
406.903 |
|
Share Application money pending allotment |
0.000 |
22.613 |
0.000 |
|
Net
worth |
(21.914) |
38.604 |
441.481 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
175.735 |
1847.639 |
4954.057 |
|
Total
borrowings |
175.735 |
1847.639 |
4954.057 |
|
Debt/Equity
ratio |
(8.019) |
47.861 |
11.221 |
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
|
1687.502 |
10704.433 |
14581.948 |
|
|
|
534.336 |
36.223 |
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
|
1687.502 |
10704.433 |
14581.948 |
|
Profit/(Loss) |
(83.341) |
37.906 |
292.345 |
|
|
(4.94%) |
0.35% |
2.00% |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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 |
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 |
STATE OF COMPANY'S AFFAIRS AND FINANCIAL
PERFORMANCE:
The Company's operations resulted in total revenues of INR 14585.564 million as against INR 10707.700 million for the previous year. The Profit before interest and depreciation amounted to INR 637.984 million as against of profit INR 182.680 million in the previous year. The net Profit for the year ended amounted to INR 292.345 million as against of loss INR 37.906 million in the previous year.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G80032857 |
100161927 |
STANDARD CHARTERED BANK |
10/01/2018 |
- |
- |
635825000.0 |
NARAIN MANZIL, 23, BARAKHAMBA ROAD DELHI DL110001IN |
|
2 |
G52495207 |
100120748 |
BARCLAYS BANK PLC |
01/08/2017 |
- |
- |
1000000000.0 |
1ST FLOOR, EROS CORPORATE TOWER, NEHRU PALACE NEW DELHI DL110019IN |
|
3 |
G49221708 |
100112295 |
AXIS BANK LIMITED |
28/06/2017 |
- |
- |
2211000000.0 |
12, A WING, FIRST FLOOR, MITTAL TOWER NARIMAN POINT MUMBAI MH400021IN |
|
4 |
G20714820 |
100059645 |
SOCIETE GENERALE |
22/09/2016 |
- |
- |
1950000000.0 |
AMBADEEP BUILDING, 14, KASTURBA GANDHI MARG NEW DELHI DL110001IN |
|
5 |
G03337078 |
100026016 |
ICICI BANK LIMITED |
17/03/2016 |
- |
- |
600000000.0 |
LANDMARK RACE COURCE CIRCLE ALKAPURI BARODA GU390015IN |
|
6 |
C81809964 |
10626238 |
RABOBANK INTERNATIONAL |
06/08/2015 |
- |
- |
800000000.0 |
20/F, TOWER A, PENINSULA BUSINESS PARK SENAPATI BAPAT MARG, LOWER PAREL MUMBAI MH400013IN |
|
7 |
C70048830 |
10600587 |
DBS BANK LTD |
07/05/2015 |
06/08/2015 |
- |
7210000000.0 |
DLF CAPITOL POINT, GROUND FLOOR & !ST FLOOR BABA KHARAK SINGH MARG, CONNAUGHT PLACE NEW DELHI DL110001IN |
|
8 |
G50588979 |
10547401 |
KOTAK MAHINDRA BANK LIMITED |
11/11/2014 |
24/07/2017 |
- |
3600000000.0 |
27BKC, C 27, G BLOCK BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI MA400051IN |
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 : |
SHK |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared by
: |
NKT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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.