MIRA
INFORM REPORT
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Report No. : |
335608 |
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Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROTO PRINTING INK ( |
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Registered
Office : |
S. No. 450/1, G.K. Industrial Estate, |
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Tel. No.: |
91-44-24767754/ 24767756 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
07.11.1994 |
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Com. Reg. No.: |
18-029141 |
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Capital
Investment / Paid-up Capital : |
Rs. 3.000 Million |
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|
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CIN No.: [Company Identification
No.] |
U24222TN1994PTC029141 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHER02143B |
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PAN No.: [Permanent Account No.] |
AAACR5062N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Printing Inks. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established company incorporated during the year
1994 having good track record. Available financial indicates company healthy financial risk profile
marked by sound networth position with zero borrowings and favorable gap
between trade payable and trade receivable. Further the rating also takes into consideration decent profitability
margin of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. In view of long track record and sound financial base, the company can
be considered normal 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Ms. Rama |
|
Designation : |
Accounts Coordinator |
|
Contact No.: |
91-44-24767754 |
|
Date : |
05.08.2015 |
LOCATIONS
|
Registered Office/ Factory : |
S. No. 450/1, G.K. Industrial Estate, Arcot Road, Alapakkam,
Porur, Chennai – 600116, Tamilnadu, India |
|
Tel. No.: |
91-44-24767754/ 24767756 |
|
Fax No.: |
91-44-24767755 |
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E-Mail : |
DIRECTORS
AS ON 24.09.2014
|
Name : |
Kovilvenni Venkataraman Kalyanaraman |
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Designation : |
Managing director |
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|
Address : |
Old No. 19/1, New No. 28, Mylairanganathan Street, T. Nagar, Chennai –
600017, Tamilnadu, India |
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Date of Birth/Age : |
01.12.1947 |
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Date of Appointment : |
07.11.1994 |
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DIN No.: |
01686919 |
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Other
Directorship :
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Name : |
Kumbakonam Ramamurthy Sundari |
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Designation : |
Director |
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|
Address : |
Old No. 19/1, New No. 28, Mylairanganathan Street, T. Nagar, Chennai –
600017, Tamilnadu, India |
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Date of Birth/Age : |
02.06.1956 |
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Date of Appointment : |
07.11.1994 |
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DIN No.: |
01693523 |
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Other
Directorship :
|
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KEY EXECUTIVES
|
Name : |
Ms. Rama |
|
Designation : |
Accounts Coordinator |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Kovilvenni Venkataraman Kalyanaraman |
28251 |
94.17 |
|
Kumbakonam Ramamurthy Sundari |
1749 |
5.83 |
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|
|
|
|
Total |
30000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20335608%2006-Aug-2015_files/image002.gif)
AS ON 24.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
100.00 |
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|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Printing Inks. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Imports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
·
State Bank of India Siruthozhil Branch, No.2, Valluvarkottam, High
Road, Chennai – 600034, Tamilnadu, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
CNGSN and Associates Chartered Accountants |
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Address : |
"Agastyar Manor" New No.20, Old No.13, Raja Street, T.
Nagar, Chennai – 600017, Tamilnadu, India |
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Income-tax
PAN of auditor or auditor's firm : |
AABPG4259G |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000 |
Equity Shares |
Rs. 100/- each |
Rs. 3.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
30,000 |
Equity Shares |
Rs. 100/- each |
Rs. 3.000 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
3.000 |
3.000 |
3.000 |
|
(b) Reserves & Surplus |
54.303 |
46.035 |
35.779 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
57.303 |
49.035 |
38.779 |
|
|
|
|
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(3) Non-Current
Liabilities |
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|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.019 |
0.019 |
0.929 |
|
(d) long-term
provisions |
15.403 |
11.576 |
11.602 |
|
Total Non-current
Liabilities (3) |
15.422 |
11.595 |
12.531 |
|
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(4) Current Liabilities |
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|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
0.324 |
1.124 |
1.664 |
|
(c) Other
current liabilities |
3.346 |
1.937 |
1.891 |
|
(d) Short-term
provisions |
6.972 |
0.750 |
0.000 |
|
Total Current
Liabilities (4) |
10.642 |
3.811 |
3.555 |
|
|
|
|
|
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TOTAL |
83.367 |
64.441 |
54.865 |
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II.
ASSETS |
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(1) Non-current assets |
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(a)
Fixed Assets |
|
|
|
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(i)
Tangible assets |
10.192 |
10.280 |
11.194 |
|
(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 |
0.500 |
0.500 |
|
(c) Deferred tax assets (net) |
0.143 |
0.244 |
0.237 |
|
(d) Long-term Loan and Advances |
19.449 |
14.047 |
10.947 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.020 |
|
Total Non-Current
Assets |
29.784 |
25.071 |
22.898 |
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2.099 |
1.150 |
1.359 |
|
(c) Trade
receivables |
11.988 |
14.283 |
10.650 |
|
(d) Cash
and cash equivalents |
38.401 |
23.299 |
18.206 |
|
(e)
Short-term loans and advances |
0.207 |
0.279 |
1.101 |
|
(f)
Other current assets |
0.888 |
0.359 |
0.651 |
|
Total
Current Assets |
53.583 |
39.370 |
31.967 |
|
|
|
|
|
|
TOTAL |
83.367 |
64.441 |
54.865 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
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TOTAL REVENUE |
21.296 |
12.742 |
10.955 |
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|
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|
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EXPENSES |
|
|
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|
|
|
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TOTAL |
66.482 |
57.464 |
48.264 |
|
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|
|
|
|
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PROFIT BEFORE
TAX |
21.296 |
12.742 |
10.955 |
|
|
|
|
|
|
|
|
|
|
TAX |
7.066 |
0.743 |
3.327 |
|
|
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|
|
|
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PROFIT AFTER TAX
|
14.230 |
11.999 |
7.628 |
|
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|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
474.33 |
399.97 |
254.27 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.59 |
20.00 |
20.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37 |
0.26 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.04 |
10.33 |
8.99 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
3.000 |
3.000 |
3.000 |
|
Reserves & Surplus |
35.779 |
46.035 |
54.303 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
38.779 |
49.035 |
57.303 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
%20PRIVATE%20LIMITED%20-%20335608%2006-Aug-2015_files/image004.gif)
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) |
|
Total Revenue |
59.219 |
69.874 |
87.368 |
|
|
|
17.993 |
25.036 |
%20PRIVATE%20LIMITED%20-%20335608%2006-Aug-2015_files/image006.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Revenue |
59.219 |
69.874 |
87.368 |
|
Profit |
7.628 |
11.999 |
14.230 |
|
|
12.88% |
17.17% |
16.29% |
%20PRIVATE%20LIMITED%20-%20335608%2006-Aug-2015_files/image008.gif)
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
BUSINESS OUTLOOK
The turnover for the current year had increased due to better price prevailing
in the industry. Further with the company reducing its cost on all front like
material, man and financial overheads and with all control of other expenses,
the company could main the profitability. As stated in the last years report,
the company had reduced much of its dependence of bank’s finance but strict
working capital finance and hence the company’s interest cost was saved and
that had improved to the bottom line of the company. The company is looking to
the future with great optimism as the industrial outlook is quite upbeat and
the Company is confident of making better sales and profitability in the coming
years.
FIXED ASSETS:
· Factory land
Factory
building
Generator
Electrical
Fittings
Machinery
Furniture
and fixture
Vehicle
Computers
Office
Equipment
Fire
Extinguisher
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. 63.82 |
|
|
1 |
Rs. 99.15 |
|
Euro |
1 |
Rs. 69.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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
unfavourable 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.