|
|
|
MIRA INFORM REPORT
|
Report No. : |
511270 |
|
Report Date : |
30.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
JSK INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
9 A K Naik Marg, Near Empire Cinema, CST (VT), Mumbai – 400001,
Maharashtra |
|
Tel. No.: |
91-22-66550777 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.09.2005 |
|
|
|
|
Com. Reg. No.: |
11-156332 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 146.515 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2005PTC156332 |
|
|
|
|
TIN No.: |
27220287626 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0307076555 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ5937F |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCJ5937F1ZI |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturing, Exporting and Trading in Aluminium Products and Conductors : ACSR. MAC. MC. ACSR (AWl. MCSR. ALS9. TAL. Coloured and Other high ampacity Conductors. Upto and including 91 strands, • Alu. EC and Alloy Wire Rods of all size for Cables. Conductors and transformers • Alu De-oxi Flipped Coils for de-oxidation of steel' Mechanical Alloys for Various Application (in all wire diameters) and Dealer of Aluminium Products like Ingots, Billets, Extrusions, Rolled Products, etc. (Registered activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
500 (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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2005. The company is a manufacturer of aluminium conductor. Power Grid Corporation of India Ltd, Larsen & Tourbo Ltd, Reliance Industries Ltd, Polycab Wires Ltd, Lumino Industries Ltd, Finolex Cables Ltd, ABB Ltd, Gujarat Energy Transmission Corporation Ltd, Maharashtra State Electricity Distribution Co. Ltd, Madhya Pradesh Power Transmission Co. Ltd, Central Power Distribution Co. of Andhra Pradesh Ltd, Maharashtra State Electricity Transmission Co. Ltd, Steel Authority of India Ltd, Bharat Heavy Electricals Ltd, are some of the customers of the company. As per the financial records of 2017, the company has achieved an average net profit margin of 2.51% but it has reported a decline in its revenue as compared to the previous year’s revenue. The rating takes into consideration the sound financial position of the company marked by healthy networth base along with strong debt coverage indicator due to low debt balance sheet profile and comfortable liquidity parameters. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
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 |
ICRA |
|
Rating |
Long Term Loans = A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
17.05.2017 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Short term Loans = A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest
credit risk. |
|
Date |
17.05.2017 |
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 30.05.2018
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 (GENERAL DETAILS)
|
Name : |
Mr. Kamlesh Pandya |
|
Designation : |
Senior Manager - Finance |
|
Contact No.: |
91-22-66253700 |
|
Date.: |
29.05.2018 |
LOCATIONS
|
Registered / Corporate Office : |
9, A.K. Naik Marg, Near Empire Cinema, CST (VT), Mumbai – 400001,
Maharashtra, India |
|
Tel. No.: |
91-22-66550777 / 66253700 |
|
Fax No.: |
91-22-66550780 |
|
E-Mail : |
|
|
Website: |
|
|
Area : |
2500 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory 1 : |
Survey No. 369/1/2, Behind Siyaram Silk Mills Limited, Village Sayli,
Silvassa – 396230, U.T. of Dadra and Nagar Haveli, U.T. India |
|
|
|
|
Factory 2 : |
Survey No. 126/1, Near Rakholi School, Rakholi, Silvassa – 396240,
Dadra and Nagar Haveli (U.T.), India |
|
|
|
|
Branch Office : |
002, Kanchandeep, Satellite Road, Nehrunagar, Ahmedabad –
380015, Gujarat, India |
|
Tel. No.: |
91-79-26302658 / 65423222 |
|
Fax No.: |
91-79-26303183 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Anish Dineshchandra Shah |
|
Designation : |
Director |
|
Address : |
303, Chandanbala RR Thakkar Marg, Opposite Ridge Road, Mumbai –
400006, Maharashtra, India |
|
Date of Birth/Age : |
07.11.1976 |
|
Qualification : |
CA |
|
Date of Appointment : |
29.09.2005 |
|
PAN No.: |
AAHPS8002P |
|
DIN No.: |
00466560 |
|
|
|
|
Name : |
Mr. Kalpesh Dineshchandra Shah |
|
Designation : |
Director |
|
Address : |
303/A-Wing, Chandanbala Apartment RR Thakkar Marg, Walkeshwar, Mumbai
– 400006, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1975 |
|
Qualification : |
B.Tech. |
|
Date of Appointment : |
26.09.2005 |
|
PAN No.: |
AAGHK8916D |
|
DIN No.: |
01546268 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Vishnu Patil |
|
Designation : |
Company Secretary |
|
Address : |
Priya Niwas, Behind H.N. 7, Galegaon, Mohane, Kalyan – 421102, Maharashtra, India |
|
Date of Appointment : |
03.10.2017 |
|
PAN No.: |
BRHPP9390R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sunandaben D. Shah |
|
700000 |
|
Kalpesh D. Shah |
|
288980 |
|
Kalpesh D. Shah HUF |
|
840000 |
|
Keval K. Shah |
|
980000 |
|
Anish D. Shah |
|
848980 |
|
Anish D. Shah HUF |
|
1260000 |
|
Hetal A. Shah |
|
1260000 |
|
Prayagchand Ashok Kumar Private Limited, India |
|
2850090 |
|
Eklavya Management Services Private Limited, India |
|
2817733 |
|
Purak Trading Private Limited, India |
|
2805743 |
|
|
|
|
|
Total |
|
14651526 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
42.17 |
|
Promoter - Bodies
corporate |
57.83 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Exporting and Trading in Aluminium Products and Conductors : ACSR. MAC. MC. ACSR (AWl. MCSR. ALS9. TAL. Coloured and Other high ampacity Conductors. Upto and including 91 strands, • Alu. EC and Alloy Wire Rods of all size for Cables. Conductors and transformers • Alu De-oxi Flipped Coils for de-oxidation of steel' Mechanical Alloys for Various Application (in all wire diameters) and Dealer of Aluminium Products like Ingots, Billets, Extrusions, Rolled Products, etc. (Registered activity and also Confirmed by management) |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Divulged |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Divulged |
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Products : |
Finished Goods |
||||||
|
Countries : |
· South Africa · Latin America · Bangladesh · Congo |
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Products : |
Raw Material |
||||||
|
Countries : |
· United Arab Emirates · Singapore · Oman |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Cash, Advance Payment, L/C, Cheque, Credit (30, 60 and 90 days) |
||||||
|
|
|
||||||
|
Purchasing : |
Cash, Advance Payment, L/C, Cheque, Credit (30, 60 and 90 days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
End Users
·
Power Grid Corporation of India Limited
(PGCIL) ·
Larsen and Toubro Limited (L&T) ·
Gujarat Energy Transmission Corporation Limited
(GETCO) ·
Pentak General Trading LLC, Dubai ·
Madhya Gujarat Vij Company Limited (MGVCL) · Associated Transrail Structures Limited (ATSL) · IVRCL Infrastructures and Projects Limited · Kalpataru Power Transmission Limited (KPTL) ·
Bharat Heavy Electricals Limited (BHEL) · Lumino Industries Limited · Steel Authority of India Limited (SAIL) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
MZSK and Associates Chartered Accountants |
|
Address : |
The Rubby Level-9, North West Wing, Senapati Bapat Marg, Dadar
(West), Mumbai – 400023, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKFM2006L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14651526 |
Equity Shares |
INR 10/-
each |
INR 146.515 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 |
146.515 |
146.515 |
146.515 |
|
(b) Reserves & Surplus |
1959.861 |
1595.381 |
1282.162 |
|
(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) |
2106.376 |
1741.896 |
1428.677 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
246.553 |
328.056 |
229.113 |
|
(b) Deferred tax liabilities
(Net) |
119.736 |
104.911 |
87.471 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
5.536 |
4.293 |
3.338 |
|
Total
Non-current Liabilities (3) |
371.825 |
437.260 |
319.922 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
18.201 |
565.233 |
231.505 |
|
(b) Trade payables |
2569.927 |
2890.171 |
2493.56 |
|
(c) Other current liabilities |
145.809 |
149.465 |
151.404 |
|
(d) Short-term provisions |
36.072 |
97.559 |
3.506 |
|
Total
Current Liabilities (4) |
2770.009 |
3702.428 |
2879.975 |
|
|
|
|
|
|
TOTAL |
5248.210 |
5881.584 |
4628.574 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
984.637 |
896.985 |
838.693 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.310 |
0.309 |
0.309 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
62.554 |
42.339 |
42.049 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1047.501 |
939.633 |
881.051 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1007.359 |
1510.001 |
1419.228 |
|
(c) Trade receivables |
2463.201 |
2746.855 |
1354.668 |
|
(d) Cash and cash equivalents |
11.852 |
340.125 |
301.508 |
|
(e) Short-term loans and
advances |
453.231 |
339.735 |
644.693 |
|
(f) Other current assets |
265.066 |
5.235 |
27.426 |
|
Total
Current Assets |
4200.709 |
4941.951 |
3747.523 |
|
|
|
|
|
|
TOTAL |
5248.210 |
5881.584 |
4628.574 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
14499.989 |
14623.508 |
12386.453 |
|
|
Other Income |
93.224 |
75.830 |
55.864 |
|
|
TOTAL
|
14593.213 |
14699.338 |
12442.317 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
9070.502 |
8889.983 |
10758.104 |
|
|
Purchases of Stock-in-Trade |
3518.954 |
3812.885 |
1195.780 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
562.541 |
239.591 |
(773.803) |
|
|
Employees benefits expense |
93.784 |
80.083 |
69.498 |
|
|
CSR expenditure |
0.000 |
7.000 |
0.000 |
|
|
Other expenses |
449.274 |
760.180 |
678.127 |
|
|
TOTAL |
13695.055 |
13789.722 |
11927.706 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
898.158 |
909.616 |
514.611 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
266.678 |
352.175 |
279.084 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
631.480 |
557.441 |
235.527 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
57.061 |
50.306 |
42.193 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
574.419 |
507.135 |
193.334 |
|
|
|
|
|
|
|
Less |
TAX |
209.939 |
193.916 |
72.832 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
364.480 |
313.219 |
120.502 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1637.345 |
3249.605 |
4635.581 |
|
|
TOTAL
IMPORTS |
1637.345 |
3249.605 |
4635.581 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
24.88 |
21.38 |
8.22 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
39.189 |
39.189 |
0.000 |
|
Net cash flows from (used in) operations |
845.323 |
(108.978) |
733.927 |
|
Net cash flows from (used in) operating activities |
931.585 |
11.911 |
892.395 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
62.00 |
68.56 |
39.92 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.89 |
5.32 |
9.14 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
74.51 |
83.05 |
76.14 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.89 |
0.60 |
0.36 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.91 |
1.01 |
0.61 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.58 |
0.69 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.14 |
0.54 |
0.32 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.32 |
2.13 |
2.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.47 |
0.51 |
0.59 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.37 |
2.58 |
1.84 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
2.51 |
2.14 |
0.97 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.94 |
5.33 |
2.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
17.30 |
17.98 |
8.43 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.52 |
1.33 |
1.30 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.15 |
0.93 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.40 |
0.30 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.07 |
6.36 |
3.14 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.52 |
1.33 |
1.30 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
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 |
146.515 |
146.515 |
146.515 |
|
Reserves & Surplus |
1282.162 |
1595.381 |
1959.861 |
|
Net
worth |
1428.677 |
1741.896 |
2106.376 |
|
|
|
|
|
|
Long Term borrowings |
229.113 |
328.056 |
246.553 |
|
Short Term borrowings |
231.505 |
565.233 |
18.201 |
|
Current Maturities of Long term debt |
0.000 |
39.189 |
39.189 |
|
Total
borrowings |
460.618 |
932.478 |
303.943 |
|
Debt/Equity
ratio |
0.322 |
0.535 |
0.144 |
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
|
12386.453 |
14623.508 |
14499.989 |
|
|
|
18.060 |
(0.845) |
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
|
12386.453 |
14623.508 |
14499.989 |
|
Profit |
120.502 |
313.219 |
364.480 |
|
|
0.97% |
2.14% |
2.51% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
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 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANIES
AFFAIR
The Company is engaged in the business of manufacture of various kinds of metals. During the year the Company earned total revenue of INR 14593.213 Million as against INR 14699.338 Million in the previous year. The revenue out of operations earned INR 14499.989 Million and the other income is INR 93.224 Million. The Company has earned the profit of the INR 364.480 Million as against INR 313.219 Million in the previous year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
80.000 |
122.314 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Other loans and advances |
0.000 |
8.400 |
|
|
|
|
|
Total |
80.000 |
130.714 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G08160954 |
100040600 |
PUNJAB NATIONAL BANK |
08/07/2016 |
- |
- |
1000000000.0 |
MAKER TOWER 'E', GROUND FLOOR,CUFFE
PARADEMUMBAIMH400005IN |
|
2 |
C79221701 |
10620495 |
HDFC BANK LIMITED |
18/11/2015 |
- |
- |
300000000.0 |
1/16 JAYPEE HOUSESILVASSA VAPI
ROADSILVASSADN396230IN |
|
3 |
C56333453 |
10574750 |
YES BANK LIMITED |
02/03/2015 |
- |
- |
620000000.0 |
9th floor Discovery of
IndiaWorlimumbaiMH400018IN |
|
4 |
B79847224 |
10437412 |
HDFC BANK LIMITED |
01/07/2013 |
- |
- |
2583000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER
PAREL WMUMBAIMH400013IN |
|
5 |
B77426351 |
10431871 |
HDFC BANK LIMITED |
17/05/2013 |
- |
- |
2997000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER
PAREL WMUMBAIMH400013IN |
|
6 |
B77427805 |
10431874 |
HDFC BANK LIMITED |
17/05/2013 |
- |
- |
2011000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER
PAREL WMUMBAIMH400013IN |
|
7 |
C73734758 |
10325620 |
State Bank of India |
02/12/2011 |
27/11/2015 |
- |
8380000000.0 |
STATE BANK OF INDIA COMMERCIAL BRANCHNGN
VAIDYA MARG, HORNIMAN CIRCLEMUMBAIMH400023IN |
|
8 |
C11075033 |
10424056 |
ICICI BANK LIMITED |
01/05/2013 |
- |
11/07/2014 |
1000000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
9 |
C10611929 |
10344428 |
State Bank of Patiala |
14/03/2012 |
- |
30/06/2014 |
1391500000.0 |
Commercial Branch, AtalantaFirst Floor,
Nariman PointMumbaiMH400021IN |
|
10 |
B61607867 |
10059958 |
STATE BANK OF INDIA |
31/05/2007 |
29/07/2010 |
19/10/2012 |
3463100000.0 |
COMMERCIAL BRANCH,NGN VAIDYA
MARG,MUMBAIMH400023IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees |
1904.744 |
2216.300 |
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 67.82 |
|
|
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PON |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
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 |
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.