MIRA
INFORM REPORT
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Report No. : |
314907 |
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Report Date : |
02.04.2015 |
IDENTIFICATION DETAILS
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Name : |
BHALARIA METAL CRAFT PRIVATE LIMITED |
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Registered
Office : |
401, Soni House, 4th Floor, 19 Suvarna Nagar Co-op Housing
Society, 4th Road, JVPD Scheme, Vile Parle (West), Mumbai – 400
056, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
02.09.1994 |
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Com. Reg. No.: |
11-080759 |
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Capital
Investment / Paid-up Capital : |
Rs. 99.301 Million |
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CIN No.: [Company Identification
No.] |
U27200MH1994PTC080759 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB14015B MUMB11201B |
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PAN No.: [Permanent Account No.] |
AAACB1703A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Trader and Importer Bar Accessories, Flatware and
Beverage Services, Fabrication Products, Table ware and Cook wares, Life
style Products. |
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|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 710000 |
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Status : |
Satisfactory |
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Payment Behaviors : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Financial Position of the company seems to be decent. Trade relations are fair. Business is active. Payment term are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Vijay Bhalaria |
|
Designation : |
Marketing Manager |
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Contact No.: |
91-9920044722 |
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Date : |
30.03.2015 |
LOCATIONS
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Registered Office : |
401, Soni House, 4th Floor, 19 Suvarna Nagar Co-op Housing
Society, 4th Road, JVPD Scheme, Vile Parle (West), Mumbai – 400 056,
Maharashtra, India |
|
Tel. No.: |
91-22-28198226 |
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Mobile No.: |
91-9920044722 (Mr. Vijay Bhalaria) |
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Fax No.: |
91-22-28198227 |
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E-Mail : |
bhalaria@hotmail.com accounts@bulariametals.com |
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Website : |
http://www.bhalaria.com
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|
Location : |
Owned |
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Factory : |
Plot K-J, Todi Industrial Estate, |
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Tel. No.: |
91-22-28140913 / 28198234 / 26 / 28198226 / 34 |
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Fax No.: |
91-22-28198227 / 26256526 |
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E-Mail : |
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Websites: |
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Area : |
10000 Sq.fts |
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Location : |
Owned |
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Admin Office : |
1, 2 Raj Asman, Ground Floor, Swami Shree Satyanandji Maharaj Marg,
Near Vaikunth Bhoomu, Bhayander (West), Thane – 401101, Maharashtra, India |
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Tel. No.: |
91-22-28198266/233 |
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Fax No.: |
91-22-28140914 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Hitendra Bhalaria |
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Designation : |
Whole-time director |
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Address : |
401, Soni House, 4th Floor, 19 Suvarnanagar Co-op HSG
Society Limited , 4th Road, JVPD Scheme, Vile Parle West, Mumbai –
400 056, |
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Date of Birth/Age : |
23.07.1960 |
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Date of Appointment : |
02.09.1994 |
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DIN No. : |
00169618 |
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Other Directorship:
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Name : |
Mr. Janak Bhupatra Bhalaria
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Designation : |
Whole-time director |
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Address : |
8, Madhu Parag 69 Swastik Society, Vile Parle West, Mumbai - 400 056, |
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Date of Birth/Age : |
04.09.1965 |
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Date of Appointment : |
02.09.1994 |
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DIN No. : |
00171096 |
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Other Directorship:
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Name : |
Ms. Bhavana Hitendra Bhalaria |
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Designation : |
Director |
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Address : |
401, Soni House, 4th Floor, 19 Suvarnanagar Co-op HSG
Society Limited , 4th Road, JVPD Scheme, Vile Parle West, Mumbai –
400 056, |
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Date of Birth/Age : |
09.06.1963 |
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Date of Appointment : |
02.09.1994 |
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DIN No. : |
01560510 |
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Name : |
Mr. Neel Hitendra Bhalaria |
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Designation : |
Whole-time director |
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|
Address : |
401, Soni House, 4th Floor, 19 Suvarnanagar Co-op HSG
Society Limited , 4th Road, JVPD Scheme, Vile Parle West, Mumbai –
400 056, |
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Date of Birth/Age : |
10.09.1986 |
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Date of Appointment : |
10.09.2013 |
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DIN No. : |
02089672 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Vijay Bhalaria |
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Designation : |
Marketing Manager |
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Name : |
Mr. Keyur Shah |
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Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Hitendra Bhalaria |
|
1521358 |
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Janak Bhalaria |
|
2235236 |
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Bhavana Hitendra Bhalaria |
|
1045105 |
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Neel Hitendra Bhalaria |
|
71057 |
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Hriday Bhalaria |
|
57304 |
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Total |
|
4930060 |
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Names of Shareholders (Preference Shares) |
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No. of Shares |
|
Janak Bhalaria |
|
250000 |
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Bhavana Hitendra Bhalaria |
|
250000 |
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Total |
|
500000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Importer Bar Accessories, Flatware and
Beverage Services, Fabrication Products, Table ware and Cook wares, Life
style Products. |
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Products : |
·
Bar Accessories ·
Flatware and Beverage Services ·
Fabrication Products ·
Table ware and Cook wares ·
Life style Products, etc. |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
·
Bar Accessories ·
Flatware and Beverage Services ·
Fabrication Products ·
Table ware and Cook wares ·
Life style Products, etc. |
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Countries : |
·
US ·
UK |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
·
Citi Bank N. A., Trent House, 2nd Floor, G Block, Plot No.C60, Bandra
Kurla Complex, Bandra (E), Mumbai - 400051, Maharashtra, India ·
Canara Bank, Overseas Branch, 211, Dalamal Tower, Nariman Point,
Mumbai - 400021, Maharashtra, India ·
Citibank N.A., Citigroup Centre, Bandra Kurla Complex, G Block Bandra
East, Mumbai - 400051, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
J. M. Mathuria and Associates Chartered Accountants |
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Address : |
614, Kasshinath Building, 2nd Floor, J.S.S. Road, Mumbai –
400002, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAGPM7002E |
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Memberships : |
-- |
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Collaborators : |
-- |
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Others Related Party : |
Bhalaria
Metal Forming |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Million |
|
500000 |
Preference Shares |
Rs.100/- each |
Rs.50.000
Million |
|
|
Total
|
|
Rs. 110.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4930060 |
Equity Shares |
Rs.10/- each |
Rs.49.301
Million |
|
500000 |
Preference Shares |
Rs.100/- each |
Rs.50.000
Million |
|
|
Total
|
|
Rs. 99.301
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
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|
I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
99.301 |
24.301 |
24.301 |
|
(b) Reserves &
Surplus |
149.472 |
72.622 |
37.297 |
|
(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) |
248.773 |
96.923 |
61.598 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
409.171 |
509.118 |
499.594 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
409.171 |
509.118 |
499.594 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
46.346 |
61.326 |
67.582 |
|
(c) Other current
liabilities |
0.867 |
1.775 |
0.000 |
|
(d) Short-term provisions |
38.201 |
11.388 |
21.583 |
|
Total Current Liabilities
(4) |
85.414 |
74.489 |
89.165 |
|
|
|
|
|
|
TOTAL |
743.358 |
680.530 |
650.357 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
231.866 |
241.702 |
230.256 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.801 |
9.402 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
241.667 |
251.104 |
230.256 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.005 |
0.005 |
0.005 |
|
(b) Inventories |
337.823 |
299.766 |
276.890 |
|
(c) Trade receivables |
58.627 |
41.664 |
65.793 |
|
(d) Cash and cash
equivalents |
13.138 |
8.145 |
2.795 |
|
(e) Short-term loans and
advances |
3.026 |
6.015 |
74.618 |
|
(f) Other current assets |
89.072 |
73.831 |
0.000 |
|
Total Current Assets |
501.691 |
429.426 |
420.101 |
|
|
|
|
|
|
TOTAL |
743.358 |
680.530 |
650.357 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
627.314 |
|
|
Other Income |
|
|
25.231 |
|
|
TOTAL |
956.576 |
814.269 |
652.545 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
908.850 |
778.944 |
599.369 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
Financial And Depreciation
) |
Financial And Depreciation
) |
53.176 |
|
|
|
|
||
|
Less |
FINANCIAL EXPENSES |
21.783 |
||
|
|
|
|
||
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
31.393 |
||
|
|
|
|
||
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
21.658 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
47.726 |
35.325 |
9.735 |
|
|
|
|
|
|
|
Less |
TAX |
15.876 |
|
2.900 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
31.850 |
35.325 |
6.835 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S
(J+K+L-M) |
31.850 |
35.325 |
36.383 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
5.87 |
6.51 |
2.81 |
The above information has been denied by Mr. Vijay Bhalaria (Marketing
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.33 |
4.34 |
1.09 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
8.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.42 |
5.19 |
1.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.36 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.64 |
5.25 |
8.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.87 |
5.76 |
4.71 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
24.301 |
24.301 |
99.301 |
|
Reserves & Surplus |
37.297 |
72.622 |
149.472 |
|
Net worth |
61.598 |
96.923 |
248.773 |
|
|
|
|
|
|
long-term borrowings |
499.594 |
509.118 |
409.171 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
499.594 |
509.118 |
409.171 |
|
Debt/Equity ratio |
8.111 |
5.253 |
1.645 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
652.545 |
814.269 |
956.576 |
|
|
|
29.802 |
17.477 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
652.545 |
814.269 |
956.576 |
|
Profit |
6.835 |
35.325 |
31.850 |
|
|
1.05% |
4.34% |
3.33% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE:
The registered office of the company has been shifted from 8
Madhum Parag, 69 Swastikwastik Society, Vile Pale West, Mumbai, Maharashtra,
India from to the present address w.e.f. 30.03.2009
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification
|
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10557764 |
05/02/2015 |
330,000,000.00 |
HDFC BANK LIMITED |
HDFC Bank House senapati Bapat Marg, Lower Parel
W, Mumbai, Maharashtra - 400013, India |
C48180418 |
|
2 |
10557766 |
02/02/2015 |
50,000,000.00 |
HDFC BANK LIMITED |
HDFC Bank House senapati Bapat Marg, Lower
Parel W, Mumbai, Maharashtra - 400013, India |
C48181200 |
|
3 |
10237122 |
22/06/2010 |
100,000,000.00 |
CANARA BANK |
Overseas Branch, 211, Dalamal Tower,
Nariman Point, Mumbai, Maharashtra - 400021, India |
A91590299 |
|
4 |
10203613 |
29/03/2011 * |
267,500,000.00 |
CANARA BANK |
Overseas Branch, 211, Dalamal Tower, Nariman
Point, Mumbai, Maharashtra - 400021, India |
B12125670 |
|
5 |
10057613 |
21/05/2007 |
2,000,000.00 |
CITIBANK N.A. |
Commercial Banking Group, Ground Floor,
Wockhardt Towers, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051,
India |
A16659765 |
|
6 |
10058103 |
28/04/2007 |
10,000,000.00 |
CITIBANK N.A. |
Global Corporate Banking, 1st Floor, Plot
No. C-61, Block G, BKC, Bandra East, Mumbai, Maharashtra - 400051, India |
A16660110 |
|
7 |
90242506 |
04/02/2008 * |
76,330,000.00 |
CITIBANK N.A. |
Citigroup Centre Complex Bandra Kurla
Complex, G - Block Bandra East, Mumbai, Maharashtra - 400051, |
A40763641 |
|
8 |
80043314 |
01/08/2011 * |
115,000,000.00 |
CITIBANK N.A. |
Trent House, 2nd Floor, G Block, Plot
No.C60, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, India
|
B19783109 |
|
9 |
90243497 |
13/12/2000 |
4,000,000.00 |
CANARA BANK |
JVPD Branch, Vile Parle, Mumbai,
Maharashtra - 400056, India |
- |
|
10 |
90243338 |
01/10/1997 |
2,000,000.00 |
THE COPOL CO-OPERATIVE BANK LTD |
Bombay Branch, Mumbai, Maharashtra -
400002, India |
- |
* Date of charge modification
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
117.542 |
211.632 |
|
Total |
117.542 |
211.632 |
FIXED ASSETS
·
Factory Building/ Office
Premises
·
Plant and Machinery, Dies
Tools
·
Furniture and Fixtures
·
Office Equipment
·
Computer
·
Vehicle Transport
·
Motor Car
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 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 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Information Gathered
by : |
RKA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
RCH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavorable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.