|
|
|
MIRA INFORM REPORT
|
Report No. : |
509809 |
|
Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
NAVAIR INTERNATIONAL PRIVATE LIMITED (w.e.f. 27.01.2014) |
|
|
|
|
Formerly Known
As : |
NAVAIR INTERNATIONAL LIMITED (w.e.f. 28.05.1992) NAVAIR LIMITED NAVAIR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
59/17, 2nd Floor, Kalkaji Extension, Guru Ravi Das Marg, New Delhi-110019 |
|
Tel. No.: |
91-11-46865000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
23.04.1982 |
|
|
|
|
Com. Reg. No.: |
55-013530 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 24.504 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109DL1982PTC013530 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0594018773 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN1005B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the manufacturing, exporting and importing of fire
proof and window, frame and related services. [Registered activity and also confirmed by
management] |
|
|
|
|
No. of Employees
: |
200 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1982. It is a
manufacturer and exporter of flame proof door and windows, non-metallic
wooden fire doors, etc.
|
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long-term (Issuer Not Cooperating) (BB) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
04.09.2017 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short-terms (Issuer Not Cooperating) (A4+) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
04.09.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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 PARTED BY
|
Name : |
Mr. Rajiv Gupta |
|
Designation : |
Accountant |
|
Contact No.: |
91-8800233371 |
|
Date : |
21.05.2018 |
LOCATIONS
|
Registered / Head
Office : |
59/17, 2nd Floor, Kalkaji Extension, Guru Ravi Das Marg, New Delhi-110019, India |
|
Tel. No.: |
91-11-46865000 |
|
Mobile No.: |
91-8800233371 (Mr. Rajiv Gupta) 91-8826105452 (Mr. Tony Mourya) |
|
Fax No.: |
91-11-41486275 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
800 Sq. Meter |
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Factory: |
Plot No 468, Barhi Industrial Area, Sonipat-131001, Haryana, India |
|
Tel. No.: |
91-124-4367528 |
|
Fax No.: |
91-124-4366088 |
|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Asheet Taneja |
||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||||||
|
Address : |
A-65, Hauz Khas, New Delhi-110017, India |
||||||||||||||||||||||||
|
Date of Appointment : |
02.07.2004 |
||||||||||||||||||||||||
|
DIN No.: |
00489036 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Nima Taneja |
||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||||||
|
Address : |
A-65, Hauz Khas, New Delhi-110017, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
04.08.1982 |
||||||||||||||||||||||||
|
Date of Appointment : |
31.10.2007 |
||||||||||||||||||||||||
|
DIN No.: |
01888335 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rajiv Gupta |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Priyanka Saxena and Associates |
|
Designation : |
Company Secretaries |
|
Address: |
J-30, 1st Floor, Lajpat Nagar-3, New Delhi – 110024, India |
|
Tel. No: |
91-11-41345500/ 41345566 |
|
Email: |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE
ATTACHED
AS ON 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
51.62 |
|
Promoters - Bodies corporate |
39.50 |
|
Public/Other than promoters - Individual/Hindu Undivided Family – Indian |
5.06 |
|
Public/Other than promoters -Bodies corporate |
3.82 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing, exporting and importing of
fire proof and window, frame and related services. [Registered activity and
also confirmed by management] |
||||||
|
|
|
||||||
|
Products / Services
: |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
|||||||
|
Products : |
Finished Goods |
||||||
|
Countries : |
|
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Products : |
Raw Material |
||||||
|
Countries : |
|
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Cheque and RTGS |
||||||
|
|
|
||||||
|
Purchasing : |
Cheque and RTGS |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution: |
The Hongkong and Shanghai Banking Corporation Limited,
Birla Towers 25, Barakhamba Road, New Delhi-110001, India |
|
|
|
|
Auditors : |
|
|
Name : |
NVM and Company Chartered Accountants |
|
Address : |
J-30, First Floor, Lajpat Nagar III, New Delhi-110024, India |
|
Tel. No.: |
91-11-41345500/ 41345566 |
|
Mob. No: |
91-9810147151 |
|
E-Mail.: |
|
|
Website: |
|
|
PAN No.: |
AAGFN7698K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Companies : |
Spring Tex Private Limited |
|
|
|
|
Entities having Substantial Interest in voting power and power to
direct policies : |
Sumit Associates Private Limited |
|
|
|
|
Entities/ Companies is which directors have subsidiary interest : |
|
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4900000 |
Equity Shares |
INR 10/- each |
INR 49.000 Million |
|
10000 |
Preference Shares |
INR 100/- each |
INR 1.000 Million |
|
|
Total |
|
INR 50.000
million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2450400 |
Equity Shares |
INR 10/- each |
INR 24.504 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
24.504 |
24.504 |
24.504 |
|
(b) Reserves &
Surplus |
120.335 |
93.487 |
71.247 |
|
(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) |
144.839 |
117.991 |
95.751 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
57.993 |
50.885 |
53.308 |
|
(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 |
4.881 |
3.936 |
3.218 |
|
Total Non-current
Liabilities (3) |
62.874 |
54.821 |
56.526 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
85.767 |
59.440 |
41.741 |
|
(b) Trade payables |
104.801 |
88.537 |
60.435 |
|
(c) Other current
liabilities |
80.431 |
77.882 |
46.552 |
|
(d) Short-term provisions |
3.141 |
1.578 |
1.563 |
|
Total Current Liabilities
(4) |
274.140 |
227.437 |
150.291 |
|
|
|
|
|
|
TOTAL |
481.853 |
400.249 |
302.568 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
71.491 |
66.440 |
56.385 |
|
(ii) Intangible Assets |
0.000 |
0.004 |
0.051 |
|
(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 |
27.229 |
27.333 |
27.333 |
|
(c) Deferred tax assets
(net) |
2.797 |
2.418 |
1.654 |
|
(d) Long-term Loan and Advances |
15.244 |
12.574 |
5.377 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
116.761 |
108.769 |
90.800 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
140.168 |
102.583 |
77.490 |
|
(c) Trade receivables |
189.081 |
150.790 |
100.498 |
|
(d) Cash and cash
equivalents |
17.496 |
16.928 |
9.617 |
|
(e) Short-term loans and
advances |
18.347 |
21.179 |
24.163 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
365.092 |
291.480 |
211.768 |
|
|
|
|
|
|
TOTAL |
481.853 |
400.249 |
302.568 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
753.597 |
588.928 |
435.623 |
|
|
Other Income |
4.105 |
8.465 |
7.672 |
|
|
TOTAL |
757.702 |
597.393 |
443.295 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
426.498 |
311.872 |
216.089 |
|
|
Cost of store consumed |
6.499 |
5.860 |
4.052 |
|
|
Purchases of finished
goods |
70.439 |
83.111 |
13.236 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(3.375) |
5.103 |
30.388 |
|
|
Employees benefits
expense |
84.985 |
63.798 |
47.253 |
|
|
Other expenses |
115.325 |
76.162 |
76.139 |
|
|
TOTAL |
700.371 |
545.906 |
387.157 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
57.331 |
51.487 |
56.138 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
8.484 |
9.482 |
10.858 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
48.847 |
42.005 |
45.280 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.309 |
8.594 |
11.131 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
41.538 |
33.411 |
34.149 |
|
|
|
|
|
|
|
Less |
TAX |
14.690 |
11.172 |
7.996 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
26.848 |
22.239 |
26.153 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
8.911 |
61.431 |
31.887 |
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORTS |
8.431 |
9.557 |
11.089 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
10.96 |
9.08 |
10.67 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
680.000 |
|
|
|
|
(Due to Market
Fluctuation) |
The above information has been parted by Mr. Rajiv Gupta (Accountant)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
3.062 |
5.841 |
6.531 |
|
Cash generated from operating activities |
NA |
22.271 |
9.881 |
|
Cash used generated from operating activities |
NA |
14.051 |
(0.194) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
91.58 |
93.46 |
84.21 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.99 |
3.91 |
4.33 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
76.98 |
81.82 |
96.19 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.41 |
0.50 |
0.72 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.80 |
0.77 |
0.99 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.70 |
0.71 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.01 |
0.98 |
1.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.89 |
1.93 |
1.57 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.49 |
0.56 |
0.59 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6.76 |
5.43 |
5.17 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
3.56 |
3.78 |
6.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.57 |
5.56 |
8.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.54 |
18.85 |
27.31 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.33 |
1.28 |
1.41 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.82 |
0.83 |
0.89 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.30 |
0.29 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.99 |
4.74 |
4.15 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.33 |
1.28 |
1.41 |
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 |
24.504 |
24.504 |
24.504 |
|
Reserves & Surplus |
71.247 |
93.487 |
120.335 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
95.751 |
117.991 |
144.839 |
|
|
|
|
|
|
long-term borrowings |
53.308 |
50.885 |
57.993 |
|
Short term borrowings |
41.741 |
59.440 |
85.767 |
|
Current maturities of
long-term debts |
6.531 |
5.841 |
3.062 |
|
Total
borrowings |
101.580 |
116.166 |
146.822 |
|
Debt/Equity
ratio |
1.061 |
0.985 |
1.014 |
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 |
435.623 |
588.928 |
753.597 |
|
|
|
35.192 |
27.961 |
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 |
435.623 |
588.928 |
753.597 |
|
Profit /(Loss) |
26.153 |
22.239 |
26.848 |
|
|
6.00% |
3.78% |
3.56% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY OVERVIEW
The company was incorporated on 23th April 1982 with the name Navair
international limited and the name of the company of the changed to Navair
International Private Limited on 27th January 2014. The company is
engaged in the manufacturing of fire proof and window, frame and related
services. The company is merger with is subsidiary Spring Tex Private Limited
effective from 01.04.2014 vide the order of High Court date 05.03.2016
THE STATE OF
COMPANY AFFAIRS AND FUTURE OUTLOOK
The Company has incurred a profit of INR 26.848 million during the FY
2016-17 in comparison of previous year profit of INR 22.239 million. The Company
has a target to aggressively grow the business in future.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
45.117 |
42.120 |
|
Total |
45.117 |
42.120 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G42728238 |
100034422 |
The Hongkong and Shanghai Banking Corporation Limited |
07/06/2016 |
26/04/2017 |
- |
182350000.0 |
Birla Towers25, Barakhamba RoadNew DelhiDL110001IN |
|
2 |
G41603564 |
100037563 |
The Hongkong and Shanghai Banking Corporation Limited |
09/05/2016 |
20/04/2017 |
- |
32000000.0 |
25, Birla TowerBarakhamba RoadNew DelhiDL110001IN |
|
3 |
C43406560 |
10548774 |
KOTAK MAHINDRA BANK LIMITED |
30/01/2015 |
- |
- |
7800000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMH400051IN |
|
4 |
G38522496 |
10086280 |
ORIENTAL BANK OF COMMERCE |
19/01/2008 |
06/10/2015 |
20/02/2017 |
136500000.0 |
OVERSEAS BRANCHM-33 GREATER KAILASH PART-2NEW DELHIDL110048IN |
|
5 |
C28648665 |
10101649 |
ORIENTAL BANK OF COMMERCE |
13/05/2008 |
- |
11/10/2014 |
750000.0 |
PANCHSHEEL PARKNEW DELHINEW DELHIDL110017IN |
|
6 |
C28652204 |
90060210 |
ORIENTAL BANK OF COMMERCE |
02/02/1993 |
31/08/2002 |
11/10/2014 |
4500000.0 |
PACHIM PARKNEW DELHIDLIN |
|
7 |
C28666113 |
10385948 |
ORIENTAL BANK OF COMMERCE |
25/10/2012 |
- |
11/10/2014 |
6000000.0 |
GOVINDPURIKALKA JINEW DELHIDL110019IN |
|
8 |
C28664712 |
90061073 |
ORIENTAL BANK OF COMMERCE |
21/01/1997 |
- |
10/10/2014 |
1000000.0 |
PANCMSHEELA PARKNEW DELHIDLIN |
|
9 |
C28660728 |
90061071 |
ORIENTAL BANK OF COMMERCE |
20/01/1997 |
07/06/1997 |
10/10/2014 |
1000000.0 |
PANCMSHEELA PARKNEW DELHIDLIN |
|
10 |
B04957650 |
10051360 |
CITY BANK NA |
10/12/2006 |
- |
28/01/2011 |
7100000.0 |
JEEWAN BHARATICANNAUGHT CIRCUSNEW DELHIDL110001IN |
CONTINGENT
LIABILITIES:
|
Particulars |
(INR In
Million) |
|
Haryana sales Tax (AY 2012-13) |
1.382 |
|
Haryana sales Tax (AY 2009-10) |
3.300 |
|
Haryana sales Tax (AY 2010-11) |
4.257 |
|
Haryana sales Tax (AY 2003-04) |
1.100 |
|
Income Tax Case (AY 2014-15) |
0.173 |
|
Uttar Pradesh sales Tax (AY 2013-14) |
0.032 |
|
Bank Guarantee |
19.450 |
|
Total |
29.694 |
FIXED ASSETS:
Tangible Asset:
- Land
- Factory
Building
- Plant and
Machinery
- Office
Equipment
- Furniture and
Fixture
- Computer and
Printers
- Vehicles
Intangible Asset:
- Computer
Software
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 68.39 |
|
|
1 |
INR 91.44 |
|
Euro |
1 |
INR 80.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
PYK |
|
|
|
|
Report Prepared
by : |
MTN |
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.