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|
|
MIRA
INFORM REPORT
|
Report No. : |
511069 |
|
Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
AUTO GLASS TRADERS PRIVATE LIMITED |
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Registered
Office : |
8921/2, Multani Dhanda, Pahar Ganj, New Delhi – 110055 |
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Tel. No.: |
91-11-23552388 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
04.04.2008 |
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Com. Reg. No.: |
55-176371 |
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Capital
Investment / Paid-up Capital : |
INR 3.100 Million |
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CIN No.: [Company Identification
No.] |
U26100DL2008PTC176371 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
07760139540 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAGCA9433Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Trading of all kinds of auto glass, silicon and
adhesives. (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 |
|
Maximum Credit Limit : |
USD 18000 |
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|
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 2008 and it is a trader and supplier of float glass, heat resistant glass, tinted float glass, frosted glass, shower enclosure glass, sheet glass, auto glass, silicon and adhesives etc. Management has failed to file its latest financials with Government Registry. As per available financials of March 2016, the company has registered a growth of 16.34% in it’s as compared to its previous year and has reported minimal profit margin of 0.52%. Rating takes into consideration the company’s established track record of business operation marked by sound net worth along with zero debt balance sheet and decent liquidity position. Payment 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.
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 |
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 24.05.2018
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 DECLINED
Management non-cooperative (Tel No.:91-11-23535801)
LOCATIONS
|
Registered Office : |
8921/2, Multani Dhanda, Pahar Ganj, New Delhi – 110055, India |
|
Tel. No.: |
91-11-23552388 |
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Fax No.: |
91-11-23670570 |
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E-Mail : |
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Warehouse : |
Located at: ·
Delhi (they have 6 warehouses in Delhi) |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Amit Gupta |
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Designation : |
Director |
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Address : |
84, Model Basti, East Park Road Karol Bagh, New Delhi- 110005, India |
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Date of Birth/Age : |
26.02.1973 |
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Date of Appointment : |
04.04.2008 |
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DIN No.: |
01149287 |
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Other Directorship:
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Name : |
Mr. Avadh Bihari Gupta |
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Designation : |
Director |
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Address : |
H No C-67, Second Floor Freedom Fighter, Colony Neb Sarai, New Delhi- 110068, India |
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Date of Appointment : |
04.04.2008 |
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DIN No.: |
02110812 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Amit Gupta |
155000 |
50.00 |
|
Avadh Bihari Gupta |
155000 |
50.00 |
|
Total |
310000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Trading of all kinds of auto glass, silicon and
adhesives. (Registered Activity) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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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
|
Suppliers : |
·
3M India Limited ·
3M India Limited (Bangalore) ·
3M India Limited (Pune) ·
3M India Limited, Gujarat ·
Automotive Glass Experts ·
Sika India Private Limited, Maharashtra |
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|
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Customers : |
·
Aastha Alumina Private Limited ·
A. K. Traders ·
Ashoka Motors ·
AVM Marketing ·
Balaji Glass Company (Dehradun) ·
Ashoka Glass Syndicate ·
Aryan Enterprises ·
Alisha Glass Fittings |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
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Name : |
Nitin Kumar Goel Chartered Accountant |
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Address : |
B-68A, Shivam Apartments, Ashok Vihar-II, Delhi – 110052, India |
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Income-tax PAN
of auditor or auditor's firm : |
AAHPG8613J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
INR 10/- each |
INR 6.000 Million |
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
310000 |
Equity Shares |
INR 10/- each |
INR 3.100 Million |
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|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
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I.
EQUITY AND LIABILITIES |
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|
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(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
3.100 |
3.100 |
3.100 |
|
(b) Reserves &
Surplus |
3.232 |
2.741 |
2.459 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
|
6.332 |
5.841 |
5.559 |
|
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.491 |
0.500 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
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 |
0.000 |
0.491 |
0.500 |
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
18.545 |
13.728 |
13.082 |
|
(c) Other current
liabilities |
0.859 |
1.610 |
1.324 |
|
(d) Short-term provisions |
0.270 |
0.274 |
0.311 |
|
Total Current Liabilities
|
19.674 |
15.612 |
14.717 |
|
|
|
|
|
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TOTAL |
26.006 |
21.944 |
20.776 |
|
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II.
ASSETS |
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|
|
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(1) Non-current assets |
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(a) Fixed Assets |
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|
|
|
(i) Tangible assets |
0.810 |
0.995 |
1.233 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.014 |
0.039 |
0.039 |
|
(e) Other Non-current
assets |
0.118 |
0.065 |
0.080 |
|
Total Non-Current Assets |
0.942 |
1.099 |
1.352 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4.526 |
3.677 |
3.174 |
|
(c) Trade receivables |
14.988 |
13.189 |
12.227 |
|
(d) Cash and cash
equivalents |
2.208 |
0.650 |
1.145 |
|
(e) Short-term loans and
advances |
1.444 |
1.431 |
0.980 |
|
(f) Other current assets |
1.898 |
1.898 |
1.898 |
|
Total Current Assets |
25.064 |
20.845 |
19.424 |
|
|
|
|
|
|
TOTAL |
26.006 |
21.944 |
20.776 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
95.643 |
82.126 |
76.615 |
|
|
Other Income |
0.156 |
0.136 |
0.081 |
|
|
TOTAL |
95.799 |
82.262 |
76.696 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
90.020 |
77.314 |
71.498 |
|
|
Employees benefits
expense |
3.368 |
2.768 |
2.439 |
|
|
Other expenses |
1.425 |
1.377 |
1.843 |
|
|
TOTAL |
94.813 |
81.459 |
75.780 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
0.986 |
0.803 |
0.916 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.010 |
0.007 |
0.036 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
0.976 |
0.796 |
0.880 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.265 |
0.268 |
0.350 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.711 |
0.528 |
0.530 |
|
|
|
|
|
|
|
Less |
TAX |
0.217 |
0.246 |
0.179 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.494 |
0.282 |
0.351 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.59 |
0.91 |
1.13 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
2.421 |
(0.225) |
NA |
|
Net cash flow from operating activity |
2.151 |
(0.456) |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
57.20 |
58.62 |
58.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.38 |
6.23 |
6.27 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
75.19 |
64.81 |
66.78 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.22 |
0.22 |
0.29 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.22 |
0.81 |
0.74 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.76 |
0.73 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.08 |
0.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.11 |
2.67 |
2.65 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.13 |
0.17 |
0.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
98.60 |
114.71 |
25.44 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.52 |
0.34 |
0.46 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.90 |
1.29 |
1.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.80 |
4.83 |
6.31 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.27 |
1.34 |
1.32 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.04 |
1.10 |
1.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.24 |
0.27 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.16 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.27 |
1.34 |
1.32 |
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 |
3.100 |
3.100 |
3.100 |
|
Reserves & Surplus |
2.459 |
2.741 |
3.232 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
5.559 |
5.841 |
6.332 |
|
|
|
|
|
|
Long-term borrowings |
0.500 |
0.491 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.500 |
0.491 |
0.000 |
|
Debt/Equity ratio |
0.090 |
0.084 |
0.000 |
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 |
76.615 |
82.126 |
95.643 |
|
|
|
7.193 |
16.459 |
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 |
76.615 |
82.126 |
95.643 |
|
Profit / (Loss) |
0.351 |
0.282 |
0.494 |
|
|
0.46% |
0.34% |
0.52% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Litigations that the firm/promoter
involved in |
No |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
BRIEF DESCRIPTION
OF THE COMPANY’S WORKING DURING THE YEAR/STATE OF COMPANY’S AFFAIR
Review of operations was conducted during the year financial year which
was found satisfactory by the management of the company. The board discussed
the matter and farmed new strategies to expand the business of the company in
the near future.
Further the directors wish to present the details of business operations
done during the year
a) Production and Profitability
(INR
in Million)
|
Particular |
31.03.2016 |
|
Gross Receipts/Net Sales |
95.645 |
|
Other Income |
0.156 |
b) Sales
Sale of INR 95.643 Million during the financial year 2015-16.
c) Marketing and Market environment
The company has been able to consolidate its position in various
sectors. The capacity utilization is expected to improve further.
BACKGROUND
The company was incorporated on 4th April, 2008 to deal in
the trading of all kinds of auto glass, silicon and adhesives through its
facility located in New Delhi, India.
UNSECURED LOAN
|
Particular |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Term Loan |
0.000 |
0.491 |
|
Total |
0.000 |
0.491 |
INDEX OF CHARGES: NO CHARGES EXISTS FOR COMPANY
FIXED ASSETS
·
Goodwill
·
Machinery
·
Motor Car
·
Furniture and Fixture
·
Computer
·
Air Conditioner
·
Stabilizer
·
Car
·
Cycle
·
Fans
·
Fridge
·
Mobile
·
Scooter
·
Water Dispenser
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 67.52 |
|
UK Pound |
1 |
INR 91.48 |
|
Euro |
1 |
INR 80.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--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.