|
|
|
MIRA INFORM REPORT
|
Report
No. : |
509976 |
|
Report
Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALPHA
FOAM LIMITED |
|
|
|
|
Registered Office : |
J-172,
MIDC,Bhosari, Pune – 411026, Maharashtra |
|
Tel. No. : |
91-20-30642618 |
|
|
|
|
Country : |
India
|
|
|
|
|
Financials (as on) : |
31.03.2016 |
|
|
|
|
Date of Incorporation : |
03.05.1999 |
|
|
|
|
Com. Reg. No.: |
11-013559 |
|
|
|
|
Capital Investment / Paid-up Capital : |
INR25.000Million |
|
|
|
|
CIN No.: [Company Identification No.] |
U30104PN1999PLC013559 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not
Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection Account No.] |
Not
Available |
|
|
|
|
GSTN : [Goods & Service Tax Registration No.] |
Not
Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA4196J |
|
|
|
|
Legal Form : |
A
Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of
Machinery and Equipment, PP Spunbond and Related Products, Seat Assemblies,
Vacuum Forming and Sheet Line. (Registered Activity and also Confirmed by management) |
|
|
|
|
No. of Employees : |
450
(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 |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Maximum
Credit Limit : |
USD
800000 |
|
|
|
|
Status
: |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
Slow
but correct |
|
|
|
|
Litigation
: |
Exist |
|
|
|
|
Comments
: |
Alpha Foam Limited is engaged into manufacturing
of Vacuum forming, Nonwoven Fabric, polyethylene foam, Blow Molding, Seat
Assembly and Banquet chair. The Company was incorporated in the year 1999 and
has its base in Pune (Maharashtra). Management has failed to file its financials for
the year 2017 with Registrar of Companies. However, as per indirect source we could find
that the company has achieved operating revenue of INR 1028.1 million for
FY-2017 and has clocked a net profit margin of 0.98%. Although there is a negative YOY growth for the
year 2016 under consideration as the revenue has declined but the net profit
margin is positive. Also, the company has favorable debt to equity ratio this
year. The company has given an output of INR 18.4 in
the EPS section as compared to its original face value of INR 10. Return on
equity and Return on assets stands Positive. Also, there is a favorable gap
between trade payables and trade receivables. Business is active. Payment terms seems to be
slow but correct. In view of aforesaid, the company can be
considered normal for business dealings at the specified 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 |
CARE |
|
Rating |
Long
Term Rating - BBB |
|
Rating
Explanation |
Moderate
degree of safety and moderate credit risk. |
|
Date |
29.12.2017 |
|
Rating
Agency Name |
CARE |
|
Rating |
Short-term
Rating - A3+ |
|
Rating
Explanation |
Moderate
degree of safety and higher credit risk. |
|
Date |
29.12.2017 |
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 21.05.2018
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 (GENERAL DETAILS)
|
Name
: |
Mr. Rajiv
IshwarlalRanka |
|
Designation
: |
Director
|
|
Contact
No.: |
91-9325170001 |
|
Date
: |
19.05.2018 |
LOCATIONS
|
Registered
Office : |
J-172,
MIDC,Bhosari, Pune – 411026, Maharashtra, India |
|
Tel.
No.: |
91-20-30642618 |
|
Mobile
No.: |
91-9325170001
(Mr. Rajiv IshwarlalRanka) |
|
Fax
No.: |
Not
Available |
|
E-Mail
: |
|
|
Website:
|
DIRECTORS
As on 31.03.2017
|
Name
: |
Mr. Rajiv
IshwarlalRanka |
||||||||
|
Designation
: |
Director
|
||||||||
|
Address
: |
Plot No. 8, Survey No. 55/2/1 Near Hotel Pichola
University Road, Aund H, Pune –
411007, Maharashtra, India |
||||||||
|
Date
of Birth/Age : |
18.11.1953 |
||||||||
|
Qualification : |
B.E. Hon. - Mech B |
||||||||
|
Date
of Appointment : |
03.05.1999 |
||||||||
|
PAN
No.: |
ABLPR3065N |
||||||||
|
DIN
No.: |
00392438 |
||||||||
|
Other
Directorship:
|
|||||||||
|
|
|
||||||||
|
Name
: |
Mr.
Sanjay LalchandLalwani |
||||||||
|
Designation
: |
Director
|
||||||||
|
Address
: |
10, Amol Bunglow,Anand Nagar Society, Mehershi
Nagar, Pune – 411037, Maharashtra, India |
||||||||
|
Date
of Appointment : |
03.05.1999 |
||||||||
|
DIN
No.: |
00477758 |
||||||||
|
|
|
||||||||
|
Name
: |
Mrs. Surekha Rajiv Ranka |
||||||||
|
Designation
: |
Director
|
||||||||
|
Address
: |
S.No. 55/2/1 Plot No.8,Aundh Behind Hotel
Pichola, Pune University Road Pune – 411007, Maharashtra, India |
||||||||
|
Date
of Birth/Age : |
21.09.1955 |
||||||||
|
Qualification : |
B.Sc. Chemistry |
||||||||
|
Date
of Appointment : |
15.10.2002 |
||||||||
|
PAN
No.: |
ABJPR3320A |
||||||||
|
DIN
No.: |
02701628 |
||||||||
|
|
|
||||||||
|
Name
: |
Mr.Apurva
Rajiv Ranka |
||||||||
|
Designation
: |
Director
|
||||||||
|
Address
: |
55/2/1 , University Road, Pune –
411007,Maharashtra, India |
||||||||
|
Date
of Birth/Age : |
09.11.1980 |
||||||||
|
Qualification : |
Chemical Engineer |
||||||||
|
Date
of Appointment : |
15.10.2002 |
||||||||
|
PAN
No.: |
ADQPR1901E |
||||||||
|
DIN
No.: |
02731655 |
||||||||
MAJOR SHAREHOLDERS
As on 29.09.2017
|
Names
of Shareholders |
|
No. of Shares |
|
Rajiv IshwarlalRanka |
|
674950 |
|
Surekha Rajiv Ranka |
|
1200000 |
|
Apurva Rajiv Ranka |
|
625000 |
|
Kshma Rajiv Ranka |
|
10 |
|
KantilalRamchandraNahar |
|
10 |
|
SayajiGovindraoJadhav |
|
10 |
|
Rajiv IshwarlalRanka (HUF) |
|
10 |
|
Sanjay LalchandLalwani |
|
10 |
|
Total |
|
2500000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family –
Indian) |
99.998 |
|
Public/Other than promoters (Individual/Hindu
Undivided Family – Indian) |
0.002 |
|
Total |
100.000 |
BUSINESS DETAILS
|
Line
of Business : |
Manufacturer of
Machinery and Equipment, PP Spunbond and Related Products, Seat Assemblies,
Vacuum Forming and Sheet Line. (Registered Activity and also Confirmed by management) |
||||||||||||||
|
|
|
||||||||||||||
|
Products /
Services : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Brand
Names : |
Not
Available |
||||||||||||||
|
|
|
||||||||||||||
|
Agencies
Held : |
Not
Available |
||||||||||||||
|
|
|
||||||||||||||
|
Exports
: |
Not
Divulged |
||||||||||||||
|
|
|
||||||||||||||
|
Imports
: |
Not
Divulged |
||||||||||||||
|
|
|
||||||||||||||
|
Terms
: |
|||||||||||||||
|
Selling : |
L/C,
Advance Payment, Cheque |
||||||||||||||
|
|
|
||||||||||||||
|
Purchasing : |
L/C,
Advance Payment, Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers
: |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers
: |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No.
of Employees : |
450
(Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers
(As on 2015) : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors
: |
|
|
Name : |
S Gautam and Associates Chartered
Accountants |
|
Address : |
Office No. 25, B Wing (Rear),First Floor, Kamala
Cross Road SOPP PCMC Building, Pimpri, Pune, 411018, Maharashtra, India |
|
Income-tax PAN of
auditor or auditor's firm : |
ABLFS5656G |
|
|
|
|
Memberships
: |
Not
Available |
|
|
|
|
Collaborators
: |
Not
Available |
|
|
|
|
Other
Related Party : |
Rajiv IshwarlalRanka (HUF) |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity
Shares |
INR10/-
each |
INR30.000
Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity
Shares |
INR10/-
each |
INR25.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are INR
Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF
FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
25.000 |
25.000 |
25.000 |
|
(b) Reserves & Surplus |
255.569 |
197.345 |
171.869 |
|
(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) |
280.569 |
222.345 |
196.869 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
275.174 |
96.313 |
69.912 |
|
(b) Deferred tax liabilities (Net) |
11.794 |
1.342 |
1.825 |
|
(c) Other long term liabilities |
20.968 |
13.717 |
15.497 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.342 |
|
Total Non-current Liabilities (3) |
307.936 |
111.372 |
87.576 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
96.371 |
94.050 |
101.937 |
|
(b) Trade payables |
46.356 |
48.584 |
47.805 |
|
(c) Other current liabilities |
51.688 |
25.856 |
20.100 |
|
(d) Short-term provisions |
7.446 |
4.841 |
1.701 |
|
Total Current Liabilities (4) |
201.861 |
173.331 |
171.543 |
|
|
|
|
|
|
TOTAL |
790.366 |
507.048 |
455.988 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
412.482 |
125.788 |
135.834 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
45.419 |
2.100 |
|
(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 Loan and Advances |
26.620 |
46.917 |
7.878 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
439.102 |
218.124 |
145.812 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
106.706 |
98.314 |
105.162 |
|
(c) Trade receivables |
132.023 |
143.926 |
174.669 |
|
(d) Cash and cash equivalents |
2.345 |
17.175 |
3.191 |
|
(e) Short-term loans and advances |
16.995 |
14.885 |
11.101 |
|
(f) Other current assets |
93.195 |
14.624 |
16.053 |
|
Total Current Assets |
351.264 |
288.924 |
310.176 |
|
|
|
|
|
|
TOTAL |
790.366 |
507.048 |
455.988 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
951.625 |
969.960 |
829.441 |
|
|
Other Income |
17.926 |
1.720 |
2.063 |
|
|
TOTAL |
969.551 |
971.680 |
831.504 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
574.837 |
645.679 |
567.399 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.513 |
9.808 |
0.789 |
|
|
Employees benefits
expense |
77.229 |
66.596 |
57.484 |
|
|
Other expenses |
177.964 |
159.215 |
135.777 |
|
|
Exceptional Item |
0.000 |
0.000 |
(0.464) |
|
|
TOTAL |
831.543 |
881.298 |
760.985 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
138.008 |
90.382 |
70.519 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
46.153 |
28.964 |
19.843 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
91.855 |
61.418 |
50.676 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
40.855 |
20.815 |
22.253 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
51.000 |
40.603 |
28.423 |
|
|
|
|
|
|
|
Less |
TAX |
5.01 |
13.218 |
10.392 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
45.990 |
27.385 |
18.031 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
18.40 |
10.95 |
7.21 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current
Maturities of Long term debt |
35.213 |
12.574 |
15.497 |
|
Net
cash flows from (used in) operations |
104.469 |
87.220 |
8.399 |
|
Net
cash flows from (used in) operating activity |
94.090 |
76.631 |
20.599 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average
Collection Days (Sundry Debtors / Income * 365 Days) |
50.64 |
54.16 |
76.86 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.21 |
6.74 |
4.75 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors /
Purchases * 365 Days) |
29.43 |
27.46 |
30.75 |
|
|
|
|
|
|
Inventory Turnover (Operating Income /
Inventories) |
1.29 |
0.92 |
0.67 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net
Fixed Assets) |
0.33 |
0.53 |
0.51 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt
Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.65 |
0.56 |
0.56 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /
Networth) |
1.45 |
0.91 |
0.95 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities /
Net Worth) |
0.72 |
0.78 |
0.87 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets /
Networth) |
1.47 |
0.77 |
0.70 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.99 |
3.12 |
3.55 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.83 |
2.82 |
2.17 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) *
100) |
% |
5.82 |
5.40 |
3.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) *
100) |
% |
16.39 |
12.32 |
9.16 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current
Ratio (Current Assets / Current Liabilities) |
1.74 |
1.67 |
1.81 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.21 |
1.10 |
1.20 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.35 |
0.44 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
16.27 |
8.12 |
7.49 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets /
Total Current Liabilities) |
1.74 |
1.67 |
1.81 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Share Capital |
25.000 |
25.000 |
25.000 |
|
Reserves & Surplus |
171.869 |
197.345 |
255.569 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
196.869 |
222.345 |
280.569 |
|
|
|
|
|
|
long-term borrowings |
69.912 |
96.313 |
275.174 |
|
Short term borrowings |
101.937 |
94.050 |
96.371 |
|
Current maturities of long-term
debts |
15.497 |
12.574 |
35.213 |
|
Total borrowings |
187.346 |
202.937 |
406.758 |
|
Debt/Equity ratio |
0.952 |
0.913 |
1.450 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Sales |
829.441 |
969.960 |
951.625 |
|
|
|
16.941 |
(1.890) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Sales |
829.441 |
969.960 |
951.625 |
|
Profit |
18.031 |
27.385 |
45.990 |
|
|
2.17% |
2.82% |
4.83% |
LEGAL CASE
High court
|
UNITED CLEARING AND FORWA RDING PRIVATE LIMITED
VS ALPHA FOAM LIMITED |
|
high court-Mumbai |
|
Case no:25. CHS/815/2007 |
|
Case status:Pending |
|
Judge:REGISTRAR(OS)/PROTHONOTARY AND SR. MASTER |
|
Date:2009-07-07T00:00:00Z |
High court
|
ENTREMONDE POLYECOATERRS LIMITED VS ALPHA FOAM
LIMITED |
|
high court-Mumbai |
|
Case no:24. NMS/1653/2010 |
|
Case status:Pending |
|
Judge:BEFORE MRS. A. A. UPADHYE,MASTER AND
REGISTRAR IN EQUITY AND |
|
Date:2012-02-22T00:00:00Z |
High court
|
ENTREMONDE POLYECOATERRS LIMITED VS ALPHA FOAM
LIMITED |
|
high court-Mumbai |
|
Case no:24. S/1586/2010 |
|
Case status:Pending |
|
Judge:BEFORE MRS. A. A. UPADHYE,MASTER AND
REGISTRAR IN EQUITY AND |
|
Date:2012-02-22T00:00:00Z |
High court
|
ENTREMONDE POLYECOATERS LIMITED VS ALPHA FOAM
LIMITED |
|
high court-Mumbai |
|
Case no:CP/548/2009 |
|
Case status:Pending |
|
Judge:REGISTRAR(OS)/PROTHONOTARY AND SR. MASTER |
|
Date:2009-06-24T00:00:00Z |
High court
|
ENTREMONDE POLYECOATERS LIMITED. VS ALPHA FOAM
LIMITED |
|
high court-Mumbai |
|
Case no:CPL/339/2009 |
|
Case status:Pending |
|
Judge:REGISTRAR(OS)/PROTHONOTARY AND SR. MASTER |
|
Date:2009-09-06T00:00:00Z |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
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 |
No |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter involved
in |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(INR
in Million)
|
PARTICULARS |
31.03.2016 (INR in Million) |
31.03.2015 (INR in Million) |
|
Long-term Borrowings |
|
|
|
Loan
and Advances from related parties |
85.480 |
69.656 |
|
Total |
85.480 |
69.656 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C79443065 |
90094187 |
State Bank
of India |
20/04/2005 |
04/12/2015 |
- |
398500000.0 |
Industrial Finance,
Branch Pune, Tara Chambers,Mumbai Pune Road, Pune – 411003, Maharashtra,
India |
|
2 |
Y10176309 |
90091288 |
STATE BANK
OF INDIA |
07/07/2000 |
27/02/2001 |
- |
16500000.0 |
Industrial
Finance,Pimpri Branch, Pune, Maharashtra, India |
FIXED ASSETS
Tangible assets
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and equipment
- Motor vehicles
- Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
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
|
Indian Rupees |
|
US
Dollar |
1 |
INR
67.52 |
|
|
1 |
INR
91.48 |
|
Euro |
1 |
INR
80.52 |
INFORMATION DETAILS
|
Information Gathered by : |
ARC
|
|
|
|
|
Analysis Done by : |
NIS
|
|
|
|
|
Report Prepared by : |
RKI |
SCORE FACTORS
|
DEMERIT
POINTS |
|
|
|
--BANK
CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.
·