|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510461 |
|
Report Date : |
29.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN NEWS PRINT LIMITED |
|
|
|
|
Registered
Office : |
News Print Nagar, Mavelloorvaikom Taluk, Kottayam – 686616, Kerala |
|
Tel. No.: |
91-4829-256211-21 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
07.06.1983 |
|
|
|
|
Com. Reg. No.: |
09-003735 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 999.999 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21013KL1983GOI003735 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH5288E |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
· Acquiring the business of the Kerala Newsprint Project · Manufacturing of Pulp, Paper and Paperboard · Paper comprising Newsprint and Writing and Printing Paper (Registered Activity) |
|
|
|
|
No. of Employees
: |
495 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is wholly owned subsidiary of “Hindustan Paper Corporation Limited” and it is Government of India (Central Public Sector) Enterprise. It was incorporated in the year 1983 and is engaged in manufacturing newsprint, which is used in the printing of newspapers, flyers and other printed material intended for mass distribution. As per financials of March 2017, the company has registered a marginal growth in its revenue and has reported huge losses. Rating takes into consideration the company’s continuous losses from its operations along with negative reserves and stretched liquidity position. Rating is further constrained on account of delays in debt servicing by the company and classification of the company’s bank accounts as NPA. However, ratings weakness is partially offset by experience of the management in paper industry and established track record of business operations as a Government of India (Central Public Sector) Enterprise. Payments seems to be slow and delayed. In view of aforesaid, the company can be considered for business dealings at safe and secured 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
|
Rating Agency Name |
BRICKWORKS |
|
Rating |
Long term rating : D (Issuer Non-cooperative) |
|
Rating Explanation |
Lowest-credit-quality and very prospects of recovery. |
|
Date |
23.01.2018 |
|
Rating Agency Name |
BRICKWORKS |
|
Rating |
Short term rating : D (Issuer Non-cooperative) |
|
Rating Explanation |
Lowest-credit-quality and very prospects of recovery. |
|
Date |
23.01.2018 |
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 29.05.2018
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.: 91-4829-256211/256221)
LOCATIONS
|
Registered Office : |
News Print Nagar, Mavelloorvaikom Taluk, Kottayam – 686616, Kerala,
India |
|
Tel. No.: |
91-4829-256211 -21 |
|
Fax No.: |
91-4829-251911 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Gopala Rao Rokkam |
||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||
|
Address : |
Plot No.78, Karnavanipalam, Gajuwaka, Visakhapatnam-530026, Andhra
Pradesh, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
10.04.1965 |
||||||||||||||||||||||||
|
Date of Appointment : |
01.12.2016 |
||||||||||||||||||||||||
|
PAN No.: |
ABMPR3707N |
||||||||||||||||||||||||
|
DIN No.: |
06970622 |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Shashi Kanth Jain |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
D-1/1 HPC Housing Complex, Block HC Sector III, Salt Lake, Kolkata-700106,
West Bengal, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
07.11.1958 |
||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2015 |
||||||||||||||||||||||||
|
PAN No.: |
ADHPJ4192J |
||||||||||||||||||||||||
|
DIN No.: |
03479271 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Ritu Pande |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
K-72, Nivedita Kunj, Sector 10, R K Puram, New Delhi-110022, India |
||||||||||||||||||||||||
|
Date of Appointment : |
13.12.2017 |
||||||||||||||||||||||||
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DIN No.: |
07286839 |
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Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Krishnapillai Radhakrishnan |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
299(416), Sithara 2 Cheriyanadu, Alappuzha-689509, Kerala, India |
||||||||||||||||||||||||
|
Date of Appointment : |
27.04.2017 |
||||||||||||||||||||||||
|
DIN No.: |
07409285 |
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Other Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Koyal Gehani |
|
Designation : |
Company Secretary |
|
Address : |
359, MR-4, Mahalaxmi Nagar, Near Pioneer Institute, Indore 452010, Madhya Pradesh, India |
|
Date of Appointment : |
02.09.2017 |
|
PAN No.: |
AYQPG5876L |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Hindustan Paper Corporation Limited, India |
|
99999700 |
|
Shashi Kanth Jain |
|
100 |
|
Rokkam Gopala Rao |
|
100 |
|
Total |
|
99999900 |
Equity Share Break up (Percentage of Total Equity)
As on 29.12.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
0.0002 |
|
Promoters (Government - Central Government) |
99.9998 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Acquiring the business of the Kerala Newsprint Project · Manufacturing of Pulp, Paper and Paperboard · Paper comprising Newsprint and Writing and Printing Paper (Registered Activity) |
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|
Products / Services
: |
|
||||
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|
||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
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|
|
|
||||
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Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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||||||||||||||||||||||
|
No. of Employees : |
495 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· Corporation Bank · State Bank of Travancore · HDFC Bank Limited · State Bank of India · Indian Bank · Canara Bank · Federal Bank · IndusInd Bank ·
RBL Bank Limited |
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|
||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Ayyar and Cherian Chartered Accountants |
|
Address : |
37/2010C, (Plot No.53), Jawahar Nagar, Mutathil Lane (North), Near Sastha Temple, Kadavanthra, Kochi – 682020, Kerala, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFA6032D |
|
|
|
|
Legal Advisers : |
Menon and Menon, Kochi |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
Hindustan Paper Corporation Limited CIN No.: U74899DL1970GOI005301 |
|
|
|
|
Ultimate
controlling Party : |
Central Government of India |
|
|
|
|
Fellow Subsidiaries
: |
· Nagaland Pulp and Paper Company Limited · Jagdishpur Paper Mills Limited |
CAPITAL STRUCTURE
As on 29.12.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
INR 10/- each |
INR 1000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99999900 |
Equity Shares |
INR 10/- each |
INR 999.999 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 |
999.999 |
999.999 |
999.999 |
|
(b) Reserves & Surplus |
(175.779) |
534.691 |
627.063 |
|
(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) |
824.220 |
1534.690 |
1627.062 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
88.970 |
54.574 |
27.000 |
|
(b) Deferred tax liabilities
(Net) |
156.212 |
243.565 |
241.600 |
|
(c) Other long term
liabilities |
228.656 |
217.758 |
214.613 |
|
(d) long-term provisions |
239.810 |
92.290 |
6.738 |
|
Total
Non-current Liabilities (3) |
713.648 |
608.187 |
489.951 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1590.949 |
1314.539 |
1248.375 |
|
(b) Trade payables |
532.665 |
647.034 |
797.809 |
|
(c) Other current liabilities |
140.154 |
89.917 |
70.569 |
|
(d) Short-term provisions |
109.582 |
13.090 |
24.832 |
|
Total
Current Liabilities (4) |
2373.350 |
2064.580 |
2141.585 |
|
|
|
|
|
|
TOTAL |
3911.218 |
4207.457 |
4258.598 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1420.591 |
1440.433 |
1373.913 |
|
(ii) Intangible Assets |
188.733 |
212.325 |
235.917 |
|
(iii) Capital work-in-progress |
127.796 |
102.930 |
107.545 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(v) Biological assets other
than bearer plants |
787.966 |
485.038 |
0.000 |
|
(b) Non-current Investments |
1.773 |
1.773 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
105.941 |
109.346 |
94.740 |
|
(e) Other Non-current assets |
23.310 |
20.881 |
0.000 |
|
Total
Non-Current Assets |
2656.110 |
2372.726 |
1812.115 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
516.155 |
847.572 |
1220.733 |
|
(c) Trade receivables |
202.704 |
235.225 |
361.104 |
|
(d) Cash and cash equivalents |
22.700 |
3.529 |
19.332 |
|
(e) Short-term loans and
advances |
119.930 |
178.073 |
545.191 |
|
(f) Other current assets |
393.619 |
570.332 |
300.123 |
|
Total
Current Assets |
1255.108 |
1834.731 |
2446.483 |
|
|
|
|
|
|
TOTAL |
3911.218 |
4207.457 |
4258.598 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3379.448 |
3318.951 |
3409.750 |
|
|
Other Income |
330.745 |
(34.707) |
79.163 |
|
|
TOTAL
|
3710.193 |
3284.244 |
3488.913 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1080.644 |
1179.832 |
1123.491 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
133.074 |
(108.955) |
42.507 |
|
|
Employees benefits expense |
723.338 |
622.152 |
548.121 |
|
|
Other expenses |
2166.103 |
1755.313 |
1716.765 |
|
|
Prior period items |
0.000 |
0.000 |
(0.193) |
|
|
TOTAL |
4103.159 |
3448.342 |
3430.691 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(392.966) |
(164.098) |
58.222 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
186.172 |
156.835 |
121.792 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(579.138) |
(320.933) |
(63.570) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
69.511 |
67.309 |
36.989 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(648.649) |
(388.242) |
(100.559) |
|
|
|
|
|
|
|
Less |
TAX |
(47.182) |
47.809 |
(22.426) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(601.467) |
(436.051) |
(78.133) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(6.01) |
(4.36) |
(0.78) |
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 flows from (used in) operations |
(33.030) |
188.385 |
148.255 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
21.89 |
25.87 |
38.65 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
16.67 |
14.11 |
9.44 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
179.91 |
200.17 |
259.19 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(0.76) |
(0.19) |
0.05 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(0.23) |
(0.09) |
0.03 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.63 |
0.50 |
0.51 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.04 |
0.89 |
0.78 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.88 |
1.35 |
1.32 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.11 |
1.14 |
1.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(2.11) |
(1.05) |
0.48 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(17.80) |
(13.14) |
(2.29) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(15.38) |
(10.36) |
(1.83) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(72.97) |
(28.41) |
(4.80) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.53 |
0.89 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.31 |
0.48 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.21 |
0.36 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.68 |
1.37 |
1.28 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.53 |
0.89 |
1.14 |
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 |
999.999 |
999.999 |
999.999 |
|
Reserves & Surplus |
627.063 |
534.691 |
(175.779) |
|
Net
worth |
1627.062 |
1534.690 |
824.220 |
|
|
|
|
|
|
long-term borrowings |
27.000 |
54.574 |
88.970 |
|
Short term borrowings |
1248.375 |
1314.539 |
1590.949 |
|
Total
borrowings |
1275.375 |
1369.113 |
1679.919 |
|
Debt/Equity
ratio |
0.784 |
0.892 |
2.038 |
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 |
3409.750 |
3318.951 |
3379.448 |
|
|
|
(2.663) |
1.823 |
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 |
3409.750 |
3318.951 |
3379.448 |
|
Profit/ (Loss) |
(78.133) |
(436.051) |
(601.467) |
|
|
(2.29%) |
(13.14%) |
(17.80%) |
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 |
Yes |
|
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 |
Yes |
|
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 |
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
67.289 |
61.497 |
|
Total |
67.289 |
61.497 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G19803212 |
100057924 |
Vijaya Bank |
17/10/2016 |
- |
- |
50000000.0 |
Near YMCA, First Floor, Baker Junction Bus Stop,kottayamKL686001IN |
|
2 |
G10408847 |
100047117 |
RBL BANK LIMITED |
26/08/2016 |
- |
- |
100000000.0 |
7th Floor, Bannari Amman TowersNo.29, Dr. Radhakrishnan Salai, MylaporeChennaiTN600004IN |
|
3 |
G08046948 |
100040186 |
CANARA BANK |
23/06/2016 |
- |
- |
6784308.0 |
HITECHAFKOTTAYAMKL686016IN |
|
4 |
C75782789 |
10612894 |
TAMILNAD MERCANTILE BANK LIMITED |
31/12/2015 |
- |
- |
100000000.0 |
9/439, 1st Floor, CSI Commercial ComplexBaker JunctionKottayamKL686001IN |
|
5 |
G07578438 |
10612896 |
TAMILNAD MERCANTILE BANK LIMITED |
31/12/2015 |
15/07/2016 |
- |
34250000.0 |
9/439, FIRST FLOOR, CSI COMMERCIAL COMPLEXBAKER JUNCTIONKOTTAYAMKL686001IN |
|
6 |
C49550288 |
10560283 |
Vijaya Bank |
12/03/2015 |
- |
- |
27500000.0 |
P B NO 197, Y M C A BUILDINGY M C A ROAD,KOTTAYAMKL686001IN |
|
7 |
C49551203 |
10560286 |
Vijaya Bank |
12/03/2015 |
- |
- |
72500000.0 |
P B NO 197, Y M C A BUILDINGY M C A ROAD,KOTTAYAMKL686001IN |
|
8 |
B05733001 |
10265609 |
STATE BANK OF INDIA |
18/01/2011 |
- |
- |
50000000.0 |
VELLOORMEVELLOOR (PO)KOTTAYAMKL686609IN |
|
9 |
C62401559 |
90022773 |
CENTRAL BANK OF INDIA |
08/05/2002 |
31/07/2015 |
- |
830000000.0 |
Mevelloor BranchNewsprint Nagar P.OKottayamKL686616IN |
|
10 |
C52866175 |
90022763 |
State Bank Of Travancore |
30/03/2002 |
29/01/2015 |
- |
920000000.0 |
VELLOOR BRANCH, EDATHAAMARA BUILDINGSMEVELLOOR P.O.KOTTAYAMKL686609IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
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 68.26 |
|
|
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYTK |
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.