|
|
|
MIRA INFORM REPORT
|
Report No. : |
509748 |
|
Report Date : |
19.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SMART CARD IT SOLUTIONS LIMITED (w.e.f. 29.07.2010) |
|
|
|
|
Formerly Known
As : |
SMART CARD IT SOLUTIONS PRIVATE LIMITED (w.e.f. 10.06.2010) ROPA CARD TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gat 837/2, Pune Nagar Road, Village Sanaswadi, Shirur, Pune – 412208,
Maharashtra |
|
Mob. No.: |
91-2137-302300 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
22.03.2010 |
|
|
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|
Com. Reg. No.: |
11-135861 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 494.490 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U22219PN2010PLC135861 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3110003619 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TIN No.: |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAECR7103A |
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|
Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business
: |
Manufacturer of Telecom cards, Banking Cards and Government ID Cards.
[Registered Activity] |
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|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2010 and it is engaged in manufacturing of Telecom Cards, Banking Cards and Government ID. As per financials of March 2017, the company has registered a growth of 43.48% in its revenue as compared to its previous year’s revenue and has reported decent profit margin of 5.25%. Rating takes into consideration the company’s satisfactory track record of business operations marked by sound net worth base along with average debt coverage indicators and decent liquidity position. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Long Term Rating = BB (Issuer Non-Cooperative) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
16.08.2017 |
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Short Term Rating = A4+ (Issuer Non-Cooperative) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
16.08.2017 |
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 DENIED BY
|
Name : |
Mr. Nilesh Rathi |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9765492807 |
|
Date : |
18.05.2018 |
Given number is incorrect (91-2137-669100)
LOCATIONS
|
Registered Office/ Factory 1 : |
Gat 837/2, Pune Nagar Road, Village Sanaswadi, Shirur, Pune – 412208, Maharashtra, India |
|
Tel. No.: |
91-2137-302300 |
|
Mobile No.: |
91-9765492807 (Mr.
Nilesh Rathi) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Corporate Office : |
1401, Raheja Centre, Nariman Point, Mumbai - 400021, Maharashtra, India |
|
Tel. No.: |
91-22-66585400 |
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|
|
|
Factory 2 : |
Unit III, Gat no. 1284, Industrial Zone, Sanaswadi, Pune Nagar Road, Shirur, Pune – 412208, Maharashtra, India |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Deven Jitendra Mehta |
|
Designation : |
Managing Director |
|
Address : |
D-3/D-4, Amalfi, L. D. Ruparel Marg, Malabar Hill, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
19.11.1969 |
|
Date of Appointment : |
19.11.2010 |
|
PAN No.: |
AAPPM2122C |
|
DIN No.: |
01243493 |
|
|
|
|
Name : |
Mr. Philippe Louis Geyres |
|
Designation : |
Director |
|
Address : |
63, Ruse DE Saint Peres, Paris – 75006 |
|
Date of Birth/Age : |
05.09.1952 |
|
Date of Appointment : |
29.08.2011 |
|
DIN No.: |
03606659 |
|
|
|
|
Name : |
Mrs. Ushma Deven Mehta |
|
Designation : |
Additional Director |
|
Address : |
D3/D4, Amalfi, L D Ruparel Marg, Malabar Hill, Mumbai-400006, Maharashtra, India |
|
Date of Appointment : |
01.09.2016 |
|
DIN No.: |
07347144 |
KEY EXECUTIVES
|
Name : |
Nidhi Kapoor |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 404, Tower B, Karan Rhea, Sainath Nagar,
Wadgaonsheri, Pune – 411014, Maharashtra, India |
|
Date of Appointment : |
01.07.2017 |
|
PAN No.: |
BKJPK2524F |
|
|
|
|
Name : |
Khanchandani Kishore Khubchand |
|
Designation : |
Chief Financial Officer (KMP) |
|
Address : |
B 704 Cascard Vasant Oscar LBS Way, Mulund (West), Mumbai
– 400080, Maharashtra, India |
|
Date of Appointment : |
19.04.2017 |
|
PAN No.: |
AGAPK1816G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
89.09 |
|
Public/Other than promoters – (Individual/ Hindu Undivided Family –
Indian) |
9.80 |
|
Public/Other than promoters – Bodies
corporate |
1.11 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Telecom cards, Banking Cards and Government ID Cards.
[Registered Activity] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Kirtane and Pandit Chartered Accountants |
|
Address : |
73/2/2, Sangati Bhakti Marg, Off Law College Road, Pune –
411004, Maharashtra, India |
|
Tel. No.: |
91-20-67295100 / 25433104/ 25438764 |
|
Fax No.: |
91-20-25447603 |
|
E-Mail : |
|
|
PAN No.: |
AACFK3469M |
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|
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|
Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Enterprises which
are owned, or have significant influence of or are partners with
key management personnel and their relatives |
|
CAPITAL STRUCTURE
After 31.03.2017
Authorised Capital : INR 550.000 Million
Issued, Subscribed & Paid-up Capital : INR 549.990
Million
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55000000 |
Equity Shares |
INR 10/- each |
INR 550.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49449000 |
Equity Shares |
INR 10/- each |
INR 494.490
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
494.490 |
349.990 |
249.990 |
|
(b) Reserves and Surplus |
328.890 |
161.113 |
114.551 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
823.380 |
511.103 |
364.541 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
664.675 |
559.877 |
327.615 |
|
(b) Deferred tax liabilities (Net) |
113.868 |
81.407 |
29.307 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.500 |
1.357 |
11.824 |
|
Total Non-current
Liabilities (3) |
780.043 |
642.641 |
368.746 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
279.601 |
255.789 |
127.898 |
|
(b) Trade
payables |
603.489 |
711.892 |
609.337 |
|
(c) Other
current liabilities |
325.262 |
176.897 |
163.426 |
|
(d) Short-term
provisions |
53.324 |
23.327 |
10.198 |
|
Total Current
Liabilities (4) |
1261.676 |
1167.905 |
910.859 |
|
|
|
|
|
|
TOTAL |
2865.099 |
2321.649 |
1644.146 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1051.081 |
975.513 |
536.677 |
|
(ii)
Intangible Assets |
63.153 |
68.150 |
4.344 |
|
(iii) Tangible assets
capital work-in-progress |
196.311 |
39.766 |
120.441 |
|
(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 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
85.655 |
45.934 |
41.642 |
|
(e) Other
Non-current assets |
0.075 |
1.468 |
1.468 |
|
Total Non-Current
Assets |
1396.275 |
1130.831 |
704.572 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
595.829 |
423.988 |
250.065 |
|
(c) Trade
receivables |
481.532 |
556.150 |
597.659 |
|
(d) Cash and
bank balances |
184.049 |
85.690 |
62.205 |
|
(e)
Short-term loans and advances |
100.129 |
87.581 |
15.247 |
|
(f) Other
current assets |
107.285 |
37.409 |
14.398 |
|
Total
Current Assets |
1468.824 |
1190.818 |
939.574 |
|
|
|
|
|
|
TOTAL |
2865.099 |
2321.649 |
1644.146 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2511.635 |
1750.460 |
1246.397 |
|
|
Other Income |
41.090 |
11.170 |
4.626 |
|
|
TOTAL |
2552.725 |
1761.630 |
1251.023 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2004.506 |
1405.730 |
1015.899 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(135.477) |
(57.475) |
(11.487) |
|
|
Employee benefit expense |
102.297 |
73.401 |
39.698 |
|
|
Other expenses |
238.689 |
133.865 |
86.844 |
|
|
Extraordinary items before tax |
0.000 |
(15.706) |
0.000 |
|
|
TOTAL |
2210.015 |
1539.815 |
1130.954 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
342.710 |
221.815 |
120.069 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
109.816 |
71.081 |
37.703 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
232.894 |
150.734 |
82.366 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
63.674 |
47.353 |
32.658 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
169.220 |
103.381 |
49.708 |
|
|
|
|
|
|
|
Less |
TAX |
37.354 |
56.819 |
26.897 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
131.866 |
46.562 |
22.811 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
NA |
157.545 |
|
|
TOTAL EARNINGS |
NA |
NA |
157.545 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
NA |
874.598 |
|
|
Components and spare
parts |
NA |
NA |
15.750 |
|
|
Capital Goods |
NA |
NA |
176.654 |
|
|
TOTAL IMPORTS |
NA |
NA |
1067.003 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.77 |
1.22 |
0.93 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
118.075 |
113.892 |
49.265 |
|
Net cash flows from (used in) operations |
227.692 |
85.594 |
120.635 |
|
Net cash flows from (used in) operating activities |
217.692 |
96.581 |
110.528 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
69.98 |
115.97 |
175.02 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
5.22 |
3.15 |
2.09 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
109.89 |
184.84 |
218.93 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.58 |
0.52 |
0.48 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.26 |
0.20 |
0.18 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.71 |
0.79 |
0.78 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.29 |
1.82 |
1.38 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.53 |
2.29 |
2.50 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.59 |
2.12 |
1.81 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
3.12 |
3.12 |
3.18 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
5.25 |
2.66 |
1.83 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
4.60 |
2.01 |
1.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
16.02 |
9.11 |
6.26 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.16 |
1.02 |
1.03 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.69 |
0.66 |
0.76 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.29 |
0.22 |
0.22 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
2.15 |
2.66 |
2.02 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.16 |
1.02 |
1.03 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
249.990 |
349.990 |
494.490 |
|
Reserves & Surplus |
114.551 |
161.113 |
328.890 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
364.541 |
511.103 |
823.380 |
|
|
|
|
|
|
Long-term borrowings |
327.615 |
559.877 |
664.675 |
|
Short term borrowings |
127.898 |
255.789 |
279.601 |
|
Current maturities of
long-term debts |
49.265 |
113.892 |
118.075 |
|
Total
borrowings |
504.778 |
929.558 |
1062.351 |
|
Debt/Equity
ratio |
1.385 |
1.819 |
1.290 |
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 |
1246.397 |
1750.460 |
2511.635 |
|
|
0.000 |
40.442 |
43.484 |
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 |
1246.397 |
1750.460 |
2511.635 |
|
Profit/ (Loss) |
22.811 |
46.562 |
131.866 |
|
|
1.83
% |
2.66
% |
5.25
% |
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 |
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) |
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 |
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 |
Yes |
|
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 |
OPERATIONS OF THE COMPANY
Turnover during the financial year ended 31st March 2017 was INR 2511.600 Million as compared with INR 1750.500 Million in the previous year, which is 43.48% growth. This turnover has been majorly contributed by business verticals viz. Telecom business, Banking business and Government ID business. One manufacturing plant situated in UNIT I is dedicated for Banking and Government ID business whereas another manufacturing plant situated in UNIT III is dedicated for Telecom business.
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G86253283 |
100173209 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
16/04/2018 |
- |
- |
119200000.0 |
11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
2 |
G87329124 |
100162118 |
The Federal Bank limited |
28/02/2018 |
11/04/2018 |
- |
65000000.0 |
32/34 Churchgate House, Veer Nariman Road, Fort, Mumbai – 400023, Maharashtra, India |
|
3 |
G60298098 |
10475484 |
State Bank of India |
06/01/2014 |
25/10/2017 |
- |
497300000.0 |
PMPML BUILDING,1st floor, JM Road Deccan Gymkhana, Pune – 412208, Maharashtra, India |
|
4 |
B95436820 |
10275635 |
State Bank of India Lead Bank Deccan Gymkhana Branch |
03/03/2011 |
06/01/2014 |
- |
290000000.0 |
2nd floor'Shirole Bhavan'PMT HouseDeccan Gymkhana Branch Pune – 411004, Maharashtra, India |
FIXED ASSETS
- Land
- Building
- Plant and
Equipment
- Furniture and
Fixture
- Vehicle
- Office
Equipment
- Computer
Equipment
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 : |
SHR |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYO |
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.