|
|
|
MIRA
INFORM REPORT
|
Report No. : |
509509 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PFEDA SYNTHETICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-695, New Friends Colony, Delhi-110065 |
|
Tel. No.: |
91-11-26338005 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
06.05.1983 |
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|
|
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Com. Reg. No.: |
55-015676 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 11.335 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1983PTC015676 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
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TIN No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP0300M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
· Manufacturer, Exporter and Supplier of Lounge Chair, Bar Stool, Classic Sofa, Design Poufs and Arm Chair, etc. [Confirmed by Management] · Manufacturer, Exporter, Trader and Dealer of synthetic materials, synthetic rubber, synthetic resins, polyurethane, PVC films, PVC foam leather, cellophane, Cellulose viscose, chemicals plasticizers, polypropylene, acrylics, manoacyrlies, latex, special jointing materials, compounding agents additives, plastic emulsion and all type of articles, instruments components and industrial requisites made of the above mentioned products requiring high and low pressure technology with or without foreign collaboration. [Registered Activity] |
|
|
|
|
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 391900 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company incorporated in the year 1983 and it
is having good track records. For the financial year 2017, the company has increased its revenue
from operations as compared to previous year and maintained decent
profitability margin of 4.47%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and low debt balance sheet. Further, rating also derives strength from its established track
record of business operations and improvement in the revenue as well as
profitability profile during the year. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular. In view of the 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.
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 23.05.2018.
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. Dinesh |
|
Designation : |
Manager |
|
Contact No.: |
91-9971547485 |
|
Date : |
17.05.2018 |
LOCATIONS
|
Registered Office : |
C-695, New Friends Colony, Delhi-110065, India |
|
Tel. No.: |
91-11-26338005 |
|
Mobile No.: |
91-9971547485 [Mr. Dinesh] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Residential |
|
|
|
|
Factory 1 : |
W-7,Sector-XI, Noida-201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4080000 |
|
Fax No.: |
91-120-2555522 |
|
Area : |
1800 Sq. Ft |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
W-15/16, Sector-XI, Noida-201 301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4080011 |
|
Area : |
2200 Sq. Ft |
|
|
|
|
Factory 3 : |
C-6/7/8, EPIP Kansa, Surajpur Industrial Area-5, Greater Noida-201306, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2341095 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Pradeep Ranjan Das |
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|
Designation : |
Managing Director |
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|
Address : |
C-695, New Friends Colony, New Delhi-110065, India |
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|
Date of Birth/Age : |
10.12.1953 |
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Date of Appointment : |
28.08.1984 |
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DIN No.: |
00174159 |
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|
||||||||||
|
Name : |
Mrs. Usha Das |
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|
Designation : |
Director |
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|
Address : |
C-695, New Friends Colony, New Delhi-110065, India |
||||||||||
|
Date of Birth/Age : |
27.07.1958 |
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|
Date of Appointment : |
01.04.2009 |
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|
DIN No.: |
00174352 |
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|
|||||||||||
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|
||||||||||
|
Name : |
Mr. Harneet Singh Kochar |
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|
Designation : |
Managing Director |
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|
Address : |
C-18 Sector 34, Noida-201301, Uttar Pradesh, India |
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|
Date of Appointment : |
11.03.1994 |
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DIN No.: |
00219708 |
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|
||||||||||
|
Name : |
Mr. Vinay Dube |
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|
Designation : |
Director |
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|
Address : |
August Lammle Weg - 3 Kongen 73257 De |
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|
Date of Appointment : |
22.06.1991 |
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DIN No.: |
02490014 |
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|||||||||||
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|
|
||||||||||
|
Name : |
Mr. Trigun Ranjan Das |
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|
Designation : |
Director |
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|
Address : |
C-695, New Friends Colony, New Delhi-110025, India |
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|
Date of Appointment : |
01.07.2016 |
||||||||||
|
DIN No.: |
07515283 |
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KEY EXECUTIVES
|
Name : |
Mr. Dinesh |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Pradeep Ranjan Das |
|
460645 |
|
Kalyan Bose |
|
7500 |
|
Rita Bose |
|
29250 |
|
Vinay Dube |
|
184000 |
|
Usha Das |
|
29730 |
|
Chitta Ranjan Das |
|
278240 |
|
Rolf Pfeiffer |
|
30000 |
|
Harneet Singh Kochar |
|
110010 |
|
Rajib Ranjan Das |
|
4125 |
|
|
|
|
|
Total |
|
1133500 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
81.12 |
|
Promoters – Individual/ Hindu Undivided Family – Non-resident Indian (NRI) |
16.23 |
|
Promoters – Individual/ Hindu Undivided Family – Foreign national [other than NRI] |
2.65 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer, Exporter and Supplier of Lounge Chair, Bar Stool, Classic Sofa, Design Poufs and Arm Chair, etc. [Confirmed by Management] · Manufacturer, Exporter, Trader and Dealer of synthetic materials, synthetic rubber, synthetic resins, polyurethane, PVC films, PVC foam leather, cellophane, Cellulose viscose, chemicals plasticizers, polypropylene, acrylics, manoacyrlies, latex, special jointing materials, compounding agents additives, plastic emulsion and all type of articles, instruments components and industrial requisites made of the above mentioned products requiring high and low pressure technology with or without foreign collaboration. [Registered Activity] |
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Products/ Services : |
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||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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||||
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Products : |
Finished Goods |
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Countries : |
· USA · European Countries |
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Imports : |
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Products : |
Machines |
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Countries : |
Switzerland |
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Terms : |
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Selling : |
Cash, Cheque, Credit and Others [NEFT, RTGS] |
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Purchasing : |
Cash, Cheque, Credit and Others [NEFT, RTGS] |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
· PKR Engineering Works |
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Customers : |
Retailers and End Users
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No. of Employees : |
250 (Approximately) |
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Bankers : |
· State Bank of India Sector-2, Noida - 201301, Uttar Pradesh, India |
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Financial Institution : |
· BMW India Financial Services Private Limited Tower C, 14th Floor, Building No. 10, DLF Cyber City, Phase-II,
Gurugram-122002, Haryana, India |
|
Auditors : |
|
|
Name : |
Nipun Khurana and Associates Chartered Accountants |
|
Address : |
B-192, Gujranwala, New Delhi-110009, India |
|
Tel. No.: |
91-11-27421201-02 |
|
Fax No.: |
91-11-42821206 |
|
PAN No.: |
AAIFN4297Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises over which Key management personnel
or their relatives have control or significant influence : |
Beda Flow Systems Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
INR 10/- each |
INR 12.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1133500 |
Equity Shares |
INR 10/- each |
INR 11.335 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 |
11.335 |
11.335 |
11.335 |
|
(b) Reserves & Surplus |
125.784 |
101.996 |
92.693 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Deferred Grant |
0.080 |
0.093 |
0.107 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
137.199 |
113.424 |
104.135 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
2.119 |
0.724 |
1.900 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
7.330 |
5.429 |
2.173 |
|
(d)
long-term provisions |
8.111 |
7.696 |
8.074 |
|
Total
Non-current Liabilities (3) |
17.560 |
13.849 |
12.147 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
36.773 |
61.935 |
62.968 |
|
(b)
Trade payables |
80.621 |
72.030 |
80.741 |
|
(c)
Other current liabilities |
15.350 |
13.202 |
10.582 |
|
(d)
Short-term provisions |
17.996 |
11.931 |
7.347 |
|
Total
Current Liabilities (4) |
150.740 |
159.098 |
161.638 |
|
|
|
|
|
|
TOTAL |
305.499 |
286.371 |
277.920 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
60.806 |
61.464 |
72.184 |
|
(ii)
Intangible Assets |
0.074 |
0.100 |
0.164 |
|
(iii)
Capital work-in-progress |
2.924 |
0.674 |
1.525 |
|
(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) |
7.766 |
5.994 |
4.085 |
|
(d) Long-term Loan
and Advances |
2.535 |
2.070 |
1.627 |
|
(e)
Other Non-current assets |
4.227 |
2.822 |
2.489 |
|
Total
Non-Current Assets |
78.332 |
73.124 |
82.074 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
32.599 |
41.379 |
47.009 |
|
(c)
Trade receivables |
144.223 |
143.440 |
137.723 |
|
(d)
Cash and cash equivalents |
31.106 |
16.221 |
0.763 |
|
(e)
Short-term loans and advances |
19.239 |
12.207 |
10.351 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
227.167 |
213.247 |
195.846 |
|
|
|
|
|
|
TOTAL |
305.499 |
286.371 |
277.920 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
532.319 |
461.520 |
471.984 |
|
|
|
Other Income |
10.622 |
3.981 |
7.428 |
|
|
|
TOTAL |
542.941 |
465.501 |
479.412 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
338.841 |
301.232 |
331.035 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
1.756 |
2.685 |
1.047 |
|
|
|
Employees benefits expense |
76.176 |
62.497 |
57.764 |
|
|
|
Other expenses |
77.441 |
65.421 |
63.956 |
|
|
|
TOTAL |
494.214 |
431.835 |
453.802 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
48.727 |
33.666 |
25.610 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.775 |
6.823 |
7.831 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
46.952 |
26.843 |
17.779 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
11.500 |
12.851 |
14.883 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
35.452 |
13.992 |
2.896 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
11.668 |
4.693 |
0.861 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
23.784 |
9.299 |
2.035 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods [FOB] |
10.905 |
7.234 |
8.685 |
|
|
TOTAL EARNINGS |
10.905 |
7.234 |
8.685 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
86.235 |
53.489 |
59.597 |
|
|
|
Machinery Spares and Tools |
0.417 |
0.295 |
0.055 |
|
|
TOTAL IMPORTS |
86.652 |
53.784 |
59.652 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
20.98 |
8.20 |
1.80 |
|
|
PARTICULARS |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
600.000 |
|
|
|
|
|
Expected Sales (2018-2019): INR 700.000 Million [Due to business growth]
The above information has been parted by Mr. Dinesh [Manager]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debt |
|
|
|
|
Vehicle Financing from Banks |
0.205 |
0.481 |
1.463 |
|
Vehicle Financing from Others |
0.948 |
0.508 |
0.448 |
|
UPSIDC (C-8) |
0.094 |
0.187 |
0.187 |
|
Total |
1.247 |
1.176 |
2.098 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from Operating activities |
51.363 |
25.520 |
(2.023) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
98.89 |
113.44 |
106.51 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.69 |
3.22 |
3.43 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
86.85 |
87.28 |
89.03 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.49 |
0.81 |
0.54 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.76 |
0.54 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.50 |
0.56 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.29 |
0.56 |
0.64 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.10 |
1.40 |
1.55 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.47 |
0.55 |
0.71 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
27.45 |
4.93 |
3.27 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.47 |
2.01 |
0.43 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.79 |
3.25 |
0.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
17.34 |
8.20 |
1.95 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.51 |
1.34 |
1.21 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.29 |
1.08 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.45 |
0.40 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.54 |
5.63 |
5.91 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.51 |
1.34 |
1.21 |
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 |
11.335 |
11.335 |
11.335 |
|
Reserves & Surplus |
92.693 |
101.996 |
125.784 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Deferred Grant |
0.107 |
0.093 |
0.080 |
|
Net
worth |
104.135 |
113.424 |
137.199 |
|
|
|
|
|
|
long-term borrowings |
1.900 |
0.724 |
2.119 |
|
Short term borrowings |
62.968 |
61.935 |
36.773 |
|
Current Maturities of Long
term debt |
2.098 |
1.176 |
1.247 |
|
Total
borrowings |
66.966 |
63.835 |
40.139 |
|
Debt/Equity
ratio |
0.643 |
0.563 |
0.293 |
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 |
471.984 |
461.520 |
532.319 |
|
|
|
-2.217 |
15.340 |
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 |
471.984 |
461.520 |
532.319 |
|
Profit |
2.035 |
9.299 |
23.784 |
|
|
0.43% |
2.01% |
4.47% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G58247370 |
100129667 |
HDFC BANK LIMITED |
21/08/2017 |
- |
- |
4500000.0 |
Senapati Bapat MargLower Parel(West)MumbaiMH400013IN |
|
2 |
G06294011 |
100034936 |
DAIMLER FINANCIAL SERVICES INDIA PRIVATE LIMITED |
21/06/2016 |
- |
- |
3000000.0 |
Unit 202, 2nd Floor, Campus 3B,RMZ MillenniaBusiness Park, No.143, Dr. M.G.R.Road,PerungudiChennaiTa600096IN |
|
3 |
B22793103 |
10116733 |
KOTAK MAHINDRA BANK LIMITED |
24/07/2008 |
03/10/2011 |
- |
97500000.0 |
15 - 16, UGF, Ambadeep Building,14 K G Marg,New DelhiDL110001IN |
|
4 |
G71031231 |
10576347 |
BMW India Financial Services Private Limited |
31/12/2014 |
- |
02/12/2017 |
1500000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-IIGURGAONHR122002IN |
|
5 |
B70966460 |
10091976 |
Small Industries Development Bank of India |
25/02/2008 |
- |
14/03/2013 |
7500000.0 |
C-60,Sector - 2NoidaUP201301IN |
|
6 |
A45939840 |
90063121 |
STATE BANK OF INDIA |
11/05/2004 |
- |
22/09/2008 |
4000000.0 |
SECTOR- 2NOIDAUPIN |
|
7 |
A45939998 |
90063040 |
STAE BANK OF INDIA |
30/01/2004 |
21/03/2006 |
22/09/2008 |
42940000.0 |
SECTOR-2,NOIDAUP201301IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
7.832 |
10.832 |
|
|
|
|
|
Total |
7.832 |
10.832 |
GENERAL
INFORMATION AND THE FUTURE PROSPECTS
The primary markets of the Company are divided into automotive and office furniture.
The office furniture market has shown a negligible growth over the last few years and is stagnating at present due to changes in product usage. To counter the same we are looking at new opportunities.
The automotive market of the Company mainly includes tractor, commercial vehicles und construction equipments. The commercial vehicles and construction markets are actually in negative growth since the last three years. But there are still some signs which show that these areas can pick up in the near future. The tractor business is improving a lot and is a growth Sector for the Company.
FIXED ASSETS:
Tangible Assets
·
Leasehold Land
·
Buildings
·
Furniture and Fixtures
·
Computer
·
Electric Equipments
·
Office Equipment
·
Factory Equipments
·
Generator
·
Office Equipment
·
Computer Equipments
·
Air Conditioner
·
Generator
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 68.02 |
|
UK Pound |
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
IND |
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.