|
|
|
MIRA
INFORM REPORT
|
Report No. : |
509654 |
|
Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
CITY CAT OVERSEAS CHEMICALS LIMITED |
|
|
|
|
Registered
Office : |
City Cat House 29, Police Court Lane, Fort, Mumbai - 400001, Maharashtra |
|
Tel. No.: |
91-22-22651703 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
16.06.1998 |
|
|
|
|
Com. Reg. No.: |
11-115352 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 8.102 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1998PLC115352 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACC8123B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Exports of Dyestuffs and Pigments, Refractories and Steel. [Registered Activity] |
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|
|
|
No. of Employees
: |
Not Divulged |
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 64000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
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Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company incorporated in the year 1998 having
satisfactory record. For the financial year ended 2017, revenue of the company has slightly
declined. However, it has witnessed a growth in its profit and has achieved
fair profit margin at 1.42% (approx.). The company possesses an acceptable financial profile marked by sound
net worth base along with debt free balance sheet of the company. The company also derives strength from its long standing track record
of business operation. Trade relations are reported as fair Business is active. Payment terms
are seems to be usually correct and as per commitments. 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 25.05.2018.
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 BY
|
Name : |
Ms. Ankita |
|
Designation : |
Human Resource Executive |
|
Contact No.: |
91-22-22651703 |
|
Date : |
16.05.2018 |
LOCATIONS
|
Registered Office/ Factory : |
City Cat House 29, Police Court Lane, Fort, Mumbai - 400001, Maharashtra,
India |
|
Tel. No.: |
91-22-22651703/ 22651704/ 22622443 |
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Fax No.: |
91-22-22630348/ 22657891/ 22650815 |
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E-Mail : |
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Website: |
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Corporate Office: |
195, Sahed Building, 5th Floor, D.N. Road, Fort, Mumbai-400001, Maharashtra, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Anil Shamrao Prabhu |
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|
Designation : |
Director |
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|
Address : |
303, Sai Tirth Co-Operative Housing Society, Gen Arun Kumar Vaidya Marg, Panchpakhdi, Thane - 400602, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Appointment : |
16.7.1998 |
||||||||||||||||||||||||
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DIN No.: |
00365252 |
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Other Directorship :
|
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|
||||||||||||||||||||||||
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Name : |
Mr. Swati Abhilash Walavalkar |
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Designation : |
Managing Director |
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|
Address : |
3rd Floor, Sudeep Society, Santdnyaneshwar Road, Mulund East, Mumbai - 400083, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Appointment : |
16.07.1998 |
||||||||||||||||||||||||
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DIN No.: |
00365743 |
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Other Directorship :
|
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||||||||||||||||||||||||
|
Name : |
Mr. Uma Agrawal Dineshkumar |
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Designation : |
Director |
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Address : |
43-B, Premkunj, Flat No. 23, Sion Circle (W) , Sion Mumbai 400022, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Appointment : |
16.07.1998 |
||||||||||||||||||||||||
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DIN No.: |
00445289 |
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Other Directorship :
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Ankita |
|
Designation : |
Human Resource Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.201
|
Names of Shareholders |
|
No. of Shares |
|
Swati A Walawalkar |
|
300364 |
|
Anil S Prabhu |
|
258655 |
|
Uma D Agrawal |
|
119238 |
|
Rasna S Parab |
|
238 |
|
Neena S Parab |
|
238 |
|
Sneha S Prabhu |
|
238 |
|
Allianace City Devel. Real. P Limited (Formerly Non- as Carcara) |
|
26180 |
|
Valerion Impex Private Limited |
|
29750 |
|
Virani Sally |
|
24752 |
|
Vikas Agrawal |
|
19040 |
|
Hanoi Impex Private Limited |
|
17000 |
|
Shshila Suvarna |
|
1802 |
|
Vinay Agrawal |
|
1683 |
|
B K Agrawal |
|
11050 |
|
Total |
|
810228 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
83.80 |
|
Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
7.20 |
|
Public/Other than promoters (Body corporate) |
9.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exports of Dyestuffs and Pigments, Refractories and Steel. [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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
-- |
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Auditors : |
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|
Name : |
Rakesh R Agrawal and Associates Chartered Accountants |
|
Address : |
M 2, Sharda Chamber No. 31, Keshavji Naik Road, Bhat Bazar, Mumabi -
400003, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPA9684P |
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|
|
|
Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
Subsidiary Company : |
Alliance City Developer Realtors Private Limited
[U65990MH1993PTC075177] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2250000 |
Equity Shares |
INR 10/- each |
INR 22.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
810228 |
Equity Shares |
INR 10/- each |
INR 8.102 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 |
8.102 |
8.102 |
8.102 |
|
(b) Reserves & Surplus |
14.157 |
10.664 |
8.481 |
|
(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) |
22.259 |
18.766 |
16.583 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
4.324 |
13.336 |
25.814 |
|
(c)
Other current liabilities |
22.558 |
0.221 |
2.386 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
26.882 |
13.557 |
28.200 |
|
|
|
|
|
|
TOTAL |
49.141 |
32.323 |
44.783 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
0.351 |
0.446 |
0.568 |
|
(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 |
12.907 |
4.858 |
4.858 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
1.301 |
1.484 |
0.093 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
1.399 |
|
Total
Non-Current Assets |
14.559 |
6.788 |
6.918 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
11.165 |
|
(c)
Trade receivables |
0.000 |
14.115 |
19.763 |
|
(d)
Cash and cash equivalents |
34.288 |
2.610 |
3.628 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f)
Other current assets |
0.294 |
8.810 |
3.309 |
|
Total
Current Assets |
34.582 |
25.535 |
37.865 |
|
|
|
|
|
|
TOTAL |
49.141 |
32.323 |
44.783 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
162.301 |
179.296 |
230.229 |
|
|
|
Other Income |
0.030 |
0.034 |
0.081 |
|
|
|
TOTAL |
162.331 |
179.330 |
230.310 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
135.592 |
139.717 |
218.484 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.000 |
11.165 |
-10.105 |
|
|
|
Employees benefits expense |
3.440 |
2.996 |
2.466 |
|
|
|
Other expenses |
19.870 |
22.110 |
16.514 |
|
|
|
TOTAL |
158.902 |
175.988 |
227.359 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
3.429 |
3.342 |
2.951 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.429 |
3.342 |
2.951 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.095 |
0.156 |
0.307 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.334 |
3.186 |
2.644 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.033 |
1.003 |
0.870 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.301 |
2.183 |
1.774 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EXPORT OF GOODS
CALCULATED ON FOB BASIS |
155.094 |
12.695 |
224.723 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Components and spare parts |
0.000 |
9.739 |
58.139 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
2.84 |
2.69 |
2.19 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00 |
28.73 |
31.33 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
12.70 |
11.65 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
11.64 |
34.84 |
43.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.26 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
9.77 |
7.49 |
5.20 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.55 |
0.42 |
0.63 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.21 |
0.72 |
1.70 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.02 |
0.02 |
0.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.42 |
1.22 |
0.77 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.68 |
6.75 |
3.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.34 |
11.63 |
10.70 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.29 |
1.88 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.29 |
1.88 |
0.95 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.45 |
0.58 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.29 |
1.88 |
1.34 |
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 |
8.102 |
8.102 |
8.102 |
|
Reserves & Surplus |
8.481 |
10.664 |
14.157 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
16.583 |
18.766 |
22.259 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
230.229 |
179.296 |
162.301 |
|
|
|
(22.123) |
(9.479) |
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 |
230.229 |
179.296 |
162.301 |
|
Profit |
1.774 |
2.183 |
2.301 |
|
|
0.77% |
1.22% |
1.42% |
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 |
No |
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C52845781 |
90143650 |
PUNJAB NATIONAL
BANK |
15/11/2001 |
13/11/2009 |
23/04/2015 |
80000000.0 |
INTERNATIONAL
BANKING BRANCH265 BRIYA HOUSE BAZAR GATE STREET FORTMUMBAIMH400001IN |
|
2 |
C52844404 |
10313856 |
PUNJAB NATIONAL
BANK |
04/10/2011 |
- |
23/04/2015 |
4000000.0 |
INTERNATIONAL
BANKING BRANCH265 BRIYA HOUSE, BAZAR GATE STREET, FORTMUMBAIMH400001IN |
|
3 |
C52841970 |
10096471 |
PUNJAB NATIONA BANK |
14/03/2008 |
- |
23/04/2015 |
5000000.0 |
INTERNATIONAL
BANKING BRANCH265, BIRYA HOUSE, BAZARGATE, FORTMUMBAIMH400001IN |
|
4 |
B23891799 |
10244503 |
PUNJAB NATIONAL
BANK |
16/09/2010 |
- |
29/10/2011 |
6000000.0 |
INTERNATIONAL
BANKING BRANCH,265 BRIYA HOUSE, BAZAR GATE STREET, FORTMUMBAIMH400001IN |
|
5 |
A76112747 |
10096469 |
PUNJAB NATIONA BANK |
13/03/2008 |
- |
24/12/2009 |
50000000.0 |
INTERNATIONAL
BANKING BRANCH265, BIRYA HOUSE, BAZARGATE, FORTMUMBAIMH400001IN |
CORPORATE
INFORMATION
The company is a closely held public limited company domiciled in india
and incorporated under the provisions of the company law. Its shares are not
listed on BSE and NSE. The company is having its registered office in Mumbai.
The company is primarily engaged in 100% exports of dyestuffs and pigments,
refractories and steel.
OPERATIONS AND
OUTLOOK
The company is primarily engaged in 100% exports of dyestuffs and pigments,
additives and auxiliaries to its customers in the Europe, Middle East, Africa,
Gulf Countries and Asian Countries the company revenue for the year 2016-17
decreased by 9.47% from INR 179.329 million previous year to INR 162.330
million. The financial results including the operating profits of the company
has been satisfactory despite globally weaker economy and fluctuating currency
trends. During the year., the company has achieved a sales turnover of INR
162.301 million (as against INR 179.295 million during the previous year ending
March 31st 2016) and has earned net profit of INR INR 2.301 million
(as against net profit of INR 2.183 million during the previous year ending
March 31st 2016). The focus during the year had been to continuously
invest in improving their delivery
practices and enhance their relationship with their existing customers to
deliver higher value. The directors are confident that the sales and profit of
the company will show positive improvement in the coming years.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Claims against the company not acknowledge debt |
|
|
|
Income tax demand for FY 2010-11 |
3.510 |
3.510 |
|
Income tax demand for FY 2011-12 |
3.174 |
3.174 |
|
Income tax demand for FY 2012-13 |
10.064 |
10.064 |
|
Income tax demand for FY 2013-14 |
2.789 |
2.789 |
|
Income tax demand for FY 2014-15 |
1.584 |
1.584 |
|
|
|
|
|
Total |
21.121 |
21.121 |
FIXED ASSETS:
· Furniture and Fixture
· Freehold
· Furniture and Fixture
· Vehicles
· Office equipment
· Freehold Office Equipment
· Leasehold 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, 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 68.39 |
|
UK Pound |
1 |
INR 91.44 |
|
Euro |
1 |
INR 80.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
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.