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MIRA INFORM REPORT
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Report No. : |
511325 |
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Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
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Name : |
JRG AUTOMOTIVE (INDIA) PRIVATE LIMITED (w.e.f. 18.05.2017) |
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Formerly Known
As : |
POLYPLASTICS AUTOMOTIVE (INDIA) PRIVATE LIMITED (w.e.f. 16.09.2009) MEDALLION INFOTECH PRIVATE LIMITED |
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Registered
Office : |
DSM 410-411, DLF Towers, Shivaji Marg, New Delhi – 110015 |
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Tel. No.: |
91-11-4035799 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
20.11.2012 |
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Com. Reg. No.: |
55-245065 |
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Capital
Investment / Paid-up Capital : |
INR 219.564 Million |
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CIN No.: [Company Identification
No.] |
U35990DL2012PTC245065 |
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IEC No.: [Import-Export Code No.] |
0509053467 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AASCS3288F |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
The Company is primarily engaged in the business of
manufacturing and sale of plastic moulded components to automotive original
equipment manufacturers. (Registered activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 420000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2012. It is a manufacturer and
sale of plastic moulded components. For the financial year 2017, the company has reported dip in its revenue
by 82.88% as compared to the previous year but has managed to maintain a
decent profit margin of 28.30%. The moderate financial risk profile of the company is marked by
negative reserve along with average debt balance sheet profile. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with caution. |
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 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
|
Date |
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 25.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Ms. Alka |
|
Designation : |
H. R. Executive |
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Contact No.: |
91-124-4035799 |
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Date : |
24.05.2018 |
91-11-49488500 (RINGING)
LOCATIONS
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Registered Office : |
DSM 410-411, DLF Towers, Shivaji Marg, New Delhi – 110015, India |
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Tel. No.: |
91-11-45291177 / 49488500 / 25190293 / 294 / 45109910 |
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Mobile No.: |
91-9911195733 (Ms. Jahanvi Goyal) |
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Fax No.: |
91-11-49488519 / 45049311 |
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E-Mail : |
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Website : |
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Corporate Office.: |
JRG House, B-681 Sushant Lok-I, Gurugram - 122001, Haryana, India |
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Tel. No.: |
91-124-4035799 |
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Unit-I.: |
Plot-16, Sector-5, HSIIDC Bawal, District-Rewari - 123501, Haryana, India |
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Unit-II.: |
Plot Nos-22, 23, 24, Sec-7, HSIIDC, Bawal, District-Rewari – 123501, Haryana, India |
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Unit-III.: |
Survey Nos-152, 153, 175, 176 and 184, Village - Karsanpura, Ahmedabad – 382130, Gujarat, India |
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Unit-IV.: |
Plot Nos-15, Sector-5, HSIIDC, Bawal, District-Rewari -123501, Haryana, India |
DIRECTORS
As on 31.03.2017
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Name : |
Mrs. Usha Goyal |
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Designation : |
Director |
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Address : |
Plot No-134, Ground Floor, Vaishali Enclave, Pitampura, Delhi – 110034, India |
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Date of Birth/Age : |
30.03.1971 |
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Qualification : |
Graduate |
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Date of Appointment : |
20.11.2012 |
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PAN No.: |
AECPG5220J |
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DIN No.: |
00787457 |
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Other Directorship:
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Name : |
Mr. Pawan Goyal |
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Designation : |
Director |
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Address : |
Plot No-134, Ground Floor, Vaishali Enclave, Pitampura, Delhi – 110034, India |
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Date of Birth/Age : |
25.02.1969 |
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Qualification : |
Graduate |
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Date of Appointment : |
20.11.2012 |
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PAN No.: |
ACIPG7822L |
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DIN No.: |
01640773 |
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Other Directorship:
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Name : |
Mr. Aditya Kumar Ruhil |
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Designation : |
Director |
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Address : |
A-26, Second Floor, Niti Bagh, New Delhi – 110049, India |
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Qualification : |
Graduate |
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Date of Appointment : |
15.09.2017 |
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DIN No.: |
06737506 |
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Other Directorship:
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Name : |
Ms. Jahanvi Goyal |
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Designation : |
Director |
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Address : |
Plot No-134, Ground Floor, Vaishali Enclave, Pitampura, Delhi – 110034, India |
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Date of Birth/Age : |
10.01.1997 |
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Date of Appointment : |
28.12.2017 |
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PAN No.: |
BQOPG8219A |
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DIN No.: |
07173194 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Ms. Aakansha Kashyap |
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Designation : |
Company Secretary |
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Address : |
A-100, Nand Ram Park, Uttam Nagar, New Delhi – 110059, India |
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Date of Birth/Age : |
04.01.1991 |
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Qualification : |
CS |
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Date of Appointment : |
01.11.2015 |
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PAN No.: |
AXKPA8529K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Pawan Goyal |
|
100 |
|
Sanko Gosei Limited |
|
1000000 |
|
Usha Goyal |
|
8000000 |
|
JRG Holdings Private Limited |
|
10999900 |
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Total |
|
20000000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
40.00 |
|
Promoter - Bodies
corporate |
60.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in the business of
manufacturing and sale of plastic moulded components to automotive original
equipment manufacturers. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Ravindra Kumar and Associates Chartered Accountants |
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Address : |
F-2, 1st Floor, B-243, Shalimar Garden, Sahibabad, Ghaziabad - 201005, Uttar Pradesh, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
BNOPK8991C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company.: |
U74140DL2007PTC172064 |
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Fellow subsidiary.: |
U25190DL2007PTC161744
U25208DL2007PTC169499
U29253DL2005PTC142299 |
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Co- Venture.: |
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Significant
influence of KMP.: |
U29253DL2012PTC245129
U18101HR2010PTC054027
U51900DL2015PTC288762 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
200.000 |
200.000 |
100.000 |
|
(b) Reserves and Surplus |
(54.016) |
(90.256) |
(78.849) |
|
(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) |
145.984 |
109.744 |
21.151 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
311.248 |
380.869 |
162.376 |
|
(b) Deferred tax liabilities (Net) |
6.225 |
22.476 |
0.000 |
|
(c) Other long-term
liabilities |
424.038 |
419.109 |
152.310 |
|
(d) long-term
provisions |
0.742 |
0.565 |
0.489 |
|
Total Non-current
Liabilities (3) |
742.253 |
823.019 |
315.175 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
60.627 |
55.000 |
59.388 |
|
(b) Trade
payables |
186.477 |
68.176 |
15.761 |
|
(c) Other
current liabilities |
224.097 |
101.585 |
105.318 |
|
(d) Short-term
provisions |
6.545 |
2.316 |
1.025 |
|
Total Current
Liabilities (4) |
477.746 |
227.077 |
181.492 |
|
|
|
|
|
|
TOTAL |
1365.983 |
1159.840 |
517.818 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
965.690 |
861.233 |
267.607 |
|
(ii)
Intangible Assets |
1.574 |
1.123 |
0.620 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
3.645 |
62.991 |
|
(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 |
11.084 |
|
(d)
Long-term loans and advances |
10.809 |
10.606 |
7.854 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
978.073 |
876.607 |
350.156 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
28.137 |
33.110 |
14.913 |
|
(c) Trade
receivables |
160.021 |
91.165 |
64.724 |
|
(d) Cash and
bank balances |
49.982 |
85.166 |
53.245 |
|
(e)
Short-term loans and advances |
143.106 |
68.426 |
33.271 |
|
(f) Other
current assets |
6.664 |
5.366 |
1.509 |
|
Total
Current Assets |
387.910 |
283.233 |
167.662 |
|
|
|
|
|
|
TOTAL |
1365.983 |
1159.840 |
517.818 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1280.376 |
747.895 |
391.204 |
|
|
Other Income |
7.276 |
7.018 |
5.321 |
|
|
TOTAL |
1287.652 |
754.913 |
396.525 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
944.306 |
575.950 |
327.754 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.556) |
(5.263) |
(0.745) |
|
|
Employee benefit expense |
100.136 |
65.656 |
38.003 |
|
|
Other expenses |
143.735 |
76.100 |
52.524 |
|
|
Prior period items before tax |
0.373 |
0.000 |
0.000 |
|
|
TOTAL |
1186.994 |
712.443 |
417.536 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
100.658 |
42.470 |
(21.011) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
35.372 |
19.975 |
9.187 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
65.286 |
22.495 |
(30.198) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
45.298 |
21.354 |
27.341 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
19.988 |
1.141 |
(57.539) |
|
|
|
|
|
|
|
Less |
TAX |
(16.251) |
33.561 |
(1.169) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
36.239 |
(32.420) |
(56.370) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Sale of Goods |
25.109 |
12.763 |
0.179 |
|
|
TOTAL EARNINGS |
25.109 |
12.763 |
0.179 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.81 |
(3.16) |
(5.64) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
84.688 |
36.504 |
18.592 |
|
Net cash flows from (used in) operations |
198.846 |
1.895 |
12.207 |
|
Net cash flows from (used in) operating activities |
198.846 |
1.895 |
12.207 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
45.62 |
44.49 |
60.39 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
8.00 |
8.20 |
6.04 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
72.08 |
43.21 |
17.55 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
3.58 |
1.28 |
(1.41) |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.10 |
0.05 |
(0.06) |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
0.64 |
0.56 |
0.70 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
3.13 |
4.30 |
11.36 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
3.27 |
2.07 |
8.58 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
6.63 |
7.89 |
15.66 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
2.85 |
2.13 |
(2.29) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
2.83 |
(4.33) |
(14.41) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
2.65 |
(2.80) |
(10.89) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
24.82 |
(29.54) |
(266.51) |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
0.81 |
1.25 |
0.92 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.75 |
1.10 |
0.84 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.11 |
0.09 |
0.04 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
2.28 |
2.36 |
2.40 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
0.81 |
1.25 |
0.92 |
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 |
100.000 |
200.000 |
200.000 |
|
Reserves & Surplus |
(78.849) |
(90.256) |
(54.016) |
|
Net
worth |
21.151 |
109.744 |
145.984 |
|
|
|
|
|
|
Long-term borrowings |
162.376 |
380.869 |
311.248 |
|
Short term borrowings |
59.388 |
55.000 |
60.627 |
|
Current maturities of
long-term debts |
18.592 |
36.504 |
84.688 |
|
Total
borrowings |
240.356 |
472.373 |
456.563 |
|
Debt/Equity
ratio |
11.364 |
4.304 |
3.127 |
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 |
391.204 |
747.895 |
1280.376 |
|
|
|
91.178 |
71.197 |
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 |
391.204 |
747.895 |
1280.376 |
|
Profit/ (Loss) |
(56.370) |
(32.420) |
36.239 |
|
|
(14.41
%) |
(4.33
%) |
2.83
% |
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 |
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 |
STATE OF COMPANY’S
AFFAIRS
The Company is primarily engaged in the business of manufacturing and sale of plastic moulded components to automotive original equipment manufacturers.
The highlights of the
Company’s state are as under:-
During the financial year company has achieved high turnover of INR 1280.376 Million in comparison to INR 747.895 Million in previous year. Further the company has recorded PBT of INR 19.988 Million in comparison to PBT INR 1.141 Million in previous year. The Company is taking steps to control its manufacturing costs and improve margins. It seems good sign of growth and performance of the company in the Automotive Industry. This growth is showing a bright future to enhance the profit in the coming years of the Company.
The company has also started to export its equipment parts and products to Turkey and Brazil during the current financial year and the directors are very hopeful and expecting huge expansion of export to Indonesia and Mexico in the years to come. They are also expecting more business deals from our existing customers. The Company has a plan to invest further INR 50 Million approx. in moulding machines to satisfy the demand of thier prestigious customers.
During the FY 2017-18 Company is expecting the turnover of INR 200.000 Million and expecting PBT of INR 50.000 Million.
GENERAL INFORMATION
The Company is a private limited company incorporated in India on 20th November 2012 and is engaged primarily in the manufacture and sale of plastic moulded component to automotive original equipment manufacturers. The Company has setup its manufacturing plant at Bawal, District - Rewari, Haryana and Survey No- 153, 175,176 and 184, Village- Karsanpura, Taluka- Mandal, Distt- Ahmedabad (Gujarat).
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loans from others |
0.000 |
12.995 |
|
|
|
|
|
Total |
0.000 |
12.995 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
||||||||
|
1 |
G32089963 |
10432198 |
Allahabad Bank |
18/06/2013 |
06/12/2016 |
- |
447250000.0 |
Parliament Street Branch, Ground Floor, 17, Parliament Street, New Delhi – 110001, India |
||||||||
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Letter of Credit against Raw Material and Capital Goods |
3.290 |
62.662 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or investigation
registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 68.09 |
|
|
1 |
INR 91.41 |
|
Euro |
1 |
INR 79.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
PON |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KJL |
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.