MIRA INFORM REPORT
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Report No. : |
353493 |
|
Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DUGAR OVERSEAS PRIVATE LIMITED |
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Registered
Office : |
D-64, 2nd Floor, KH No. 284/2, Chhattarpur Enclave, Near 100 Fita Road, New Delhi - 110074 |
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Tel. No.: |
91-11-32583287/ 64641091/ 90/ 23272848 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
22.06.1992 |
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Com. Reg. No.: |
55-049262 |
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Capital Investment
/ Paid-up Capital : |
Rs. 50.000 Million |
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CIN No.: [Company Identification
No.] |
U15122DL1992PTC049262 |
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IEC No.: |
0597071853 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DEL04268F |
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PAN No.: [Permanent Account No.] |
AAACD0817B |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Subject engaged in Import and manufacturing of Confectionary
and Food Items. (Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
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 250000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1992. It
has satisfactory track. As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2015 but documents related to same for the
financial year ending 2015 is not available from any other sources. The ratings takes into consideration sound financial risk profile of
the company marked by adequate networth base along with comfortable debt
level in the financial year 2014. However, the company has reported drastic decrease in its revenue base
along with cash losses from its operations in the year under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings with 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 |
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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 |
CRISIL |
|
Rating |
Long Term Rating (BB) |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
April 01, 2015 |
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|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating (A4+) |
|
Rating Explanation |
Minimal degree of safety and very higher credit risk. |
|
Date |
April 01, 2015 |
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mrs. Varsha |
|
Designation : |
Office Executive |
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Contact No.: |
91-11-64641091 |
|
Date : |
05.12.2015 |
|
Name : |
Mr. Himanshu Arora |
|
Designation : |
Sales Manager |
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Contact No.: |
91-8826198456 |
|
Date : |
05.12.2015 |
LOCATIONS
|
Registered Office/ Head Office : |
D-64, 2nd Floor, KH No. 284/2, Chhattarpur Enclave, Near 100 Fita Road, New Delhi - 110074, India |
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Tel. No.: |
91-11-32583287/ 64641091/ 90/ 23272848 |
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Fax No.: |
91-11-26303126 |
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E-Mail : |
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Website : |
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Corporate Office : |
F-40, Ground Floor, Kalkaji, New Delhi – 110 019, India |
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Factory/ Godown: |
RZ-381/21, Main Jagamba Road, Tughlakabad Extension, New Delhi Second Floor, 71 NSC Bose Road, Chennai – 600 001, Tamilnadu, India |
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Branches : |
349/53, 71, N. S. E. Bose Road, Chennai – 600 003, Tamilnadu, India |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Manoj Dugar |
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Designation : |
Director |
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Address : |
402, Block 25, |
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Date of Birth/Age : |
28.03.1971 |
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Qualification : |
22.06.1992 |
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Pan: |
AAJPD8709J |
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Date of Appointment : |
20.01.2009 |
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DIN: |
00549518 |
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Name : |
Mr. Nagraj Dugar |
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Designation : |
Director |
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Address : |
402, Block 25, |
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Date of Birth/Age : |
16.12.1948 |
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Qualification : |
B. Com. |
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Pan: |
AAKPD2103M |
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Experience : |
16.12.1948 |
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Date of Appointment : |
21.09.1998 |
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DIN: |
00437483 |
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Name : |
Mr. Sanjay Jain |
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Designation : |
Director |
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Address : |
1104, Joy Apartments, Sector - 2, Plot No. 2 Dwarka, New Delhi-110075, Delhi, India |
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Date of Appointment : |
21.09.2015 |
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DIN: |
03249763 |
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KEY EXECUTIVES
|
Name : |
Mrs. Varsha |
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Designation : |
Office Executive |
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|
Name : |
Mr. Himanshu Arora |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
LIST
OF ALLOTTEES
As on: 18.05.2015
|
Names of Shareholders |
|
No. of Shares |
|
Manoj Dugar |
|
138890 |
|
Nagraj dugar |
|
50000 |
|
Noblex Creation (Private) Limited |
|
22220 |
|
Nagraj dugar |
|
66670 |
|
TOTAL |
|
277780 |
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Manoj Dugar |
|
405600 |
|
Suraj Dugar |
|
201000 |
|
Noblex Creation (Private) Limited, India |
|
276600 |
|
Amit Sukhani |
|
180 |
|
Shalini Dugar |
|
122500 |
|
Nagraj Dugar |
|
536050 |
|
Anil Khandelwal |
|
60 |
|
Sanjay Jain |
|
578880 |
|
Sumit Khandelwal |
|
1380020 |
|
Sushila Sukhani |
|
20 |
|
Satish Malhotra |
|
20 |
|
Naveen Shekhawat |
|
20 |
|
Monika Pandita |
|
1360000 |
|
Manoj Dugar (HUF) |
|
50000 |
|
Nagraj Dugar (HUF) |
|
59000 |
|
Sanjeev Kumar |
|
10 |
|
Sanjay Jain (HUF) |
|
30000 |
|
Ashish Gupta |
|
10 |
|
Nitin Muttal |
|
10 |
|
Nirmal Sethia |
|
20 |
|
Total |
|
5000000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
5.53 |
|
Directors or relatives of Directors |
94.47 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in Import and manufacturing of Confectionary
and Food Items. (Registered Activity) |
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Products : |
-- |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
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 : |
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Facilities : |
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Auditors : |
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Name : |
Rakhecha and Company Chartered Accountants |
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Address : |
4831/24, |
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Tel .Np.: |
91-11-23288542/ 43503994 |
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Email: |
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Pan: |
AAKFR2643E |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives |
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Others |
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CAPITAL STRUCTURE
After As on:
30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5277780 |
Equity Shares |
Rs.10/- each |
Rs. 52.778 Million |
|
|
|
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As on: 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
|
|
|
|
|
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
50.000 |
30.096 |
30.096 |
|
(b) Reserves & Surplus |
35.810 |
27.607 |
20.768 |
|
(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) |
85.810 |
57.703 |
50.864 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
74.009 |
77.352 |
8.477 |
|
(b) Deferred tax liabilities (Net) |
6.734 |
2.972 |
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) |
80.743 |
80.324 |
8.477 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
97.510 |
50.157 |
30.832 |
|
(b) Trade
payables |
47.000 |
66.540 |
67.479 |
|
(c) Other
current liabilities |
53.227 |
57.686 |
20.016 |
|
(d) Short-term
provisions |
3.327 |
2.633 |
3.949 |
|
Total Current
Liabilities (4) |
201.064 |
177.016 |
122.276 |
|
|
|
|
|
|
TOTAL |
367.617 |
315.043 |
181.617 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
123.077 |
115.160 |
19.164 |
|
(ii) Intangible
Assets |
0.030 |
0.040 |
0.000 |
|
(iii)
Capital work-in-progress |
5.349 |
13.294 |
15.304 |
|
(iv)
Intangible assets under development |
1.142 |
1.143 |
1.143 |
|
(b) Non-current Investments |
0.039 |
0.039 |
0.039 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.571 |
|
(d) Long-term Loan and Advances |
8.039 |
4.109 |
19.466 |
|
(e) Other
Non-current assets |
7.062 |
1.006 |
0.000 |
|
Total Non-Current
Assets |
144.738 |
134.791 |
55.687 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
75.203 |
74.912 |
44.720 |
|
(c) Trade
receivables |
98.399 |
78.930 |
57.671 |
|
(d) Cash
and cash equivalents |
3.920 |
10.886 |
10.521 |
|
(e)
Short-term loans and advances |
5.158 |
1.931 |
0.732 |
|
(f) Other
current assets |
40.199 |
13.593 |
12.286 |
|
Total
Current Assets |
222.879 |
180.252 |
125.930 |
|
|
|
|
|
|
TOTAL |
367.617 |
315.043 |
181.617 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
581.004 |
473.231 |
363.778 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
20.028 |
16.700 |
12.066 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
8.317 |
6.319 |
1.754 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (G) |
11.711 |
10.381 |
10.312 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.508 |
3.542 |
4.068 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
8.203 |
6.839 |
6.244 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
27.043 |
20.204 |
13.960 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
35.246 |
27.043 |
20.204 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
2.104 |
2.008 |
0.064 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
6.730 |
0.000 |
|
|
|
Plant and Machinery |
|
13.844 |
0.000 |
|
|
|
Purchase stock in trade |
|
188.272 |
199.821 |
|
|
|
Capital Goods |
NA |
4.294 |
5.159 |
|
|
TOTAL IMPORTS |
NA |
213.140 |
204.980 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.27 |
2.27 |
2.07 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
21.765 |
17.472 |
1.466 |
|
Cash generated from operations |
NA |
(2.301) |
34.308 |
|
Net Cash flows from operating activities |
NA |
(3.249) |
33.139 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.41 |
1.45 |
1.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.24 |
3.45 |
6.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.18 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.25 |
2.51 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.02 |
1.03 |
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 |
30.096 |
30.096 |
50.000 |
|
Reserves & Surplus |
20.768 |
27.607 |
35.810 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
50.864 |
57.703 |
85.810 |
|
|
|
|
|
|
long-term borrowings |
8.477 |
77.352 |
74.009 |
|
Short term borrowings |
30.832 |
50.157 |
97.510 |
|
Current maturities of
long-term debts |
1.466 |
17.472 |
21.765 |
|
Total borrowings |
40.775 |
144.981 |
193.284 |
|
Debt/Equity ratio |
0.802 |
2.513 |
2.252 |
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) |
|
Turnover |
363.778 |
473.231 |
581.004 |
|
|
|
30.088 |
22.774 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Turnover |
363.778 |
473.231 |
581.004 |
|
Profit |
6.244 |
6.839 |
8.203 |
|
|
1.72% |
1.45% |
1.41% |
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 |
No |
|
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 |
No |
|
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 |
WORKING OF THE
COMPANY
The Directors of the Company inform that the Company has been engaged in the Business of import and manufacturing of confectionary goods. The profitability of the Company has been improved marginally and the directors of the Company are trying to cater Business at national as well as the international level thus the Directors are quite optimistic about the bright future of the Company.
GENERAL INFORMATION
The Company was incorporated on 22nd day of June'1992 under the Companies Act, 1956. The Company is primarily engaged in Import & manufacturing of Confectionary and Food Items.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and Advance from related parties |
23.592 |
20.460 |
|
Total |
23.592 |
20.460 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10601560 |
19/10/2015 |
700,000.00 |
VIJAYA BANK |
HAUZ KHAS BRANCH, NO. D/65, HAUZ KHAS MARKET, HAUZ KHAS, NEW DELHI - 110016, INDIA |
C69599629 |
|
2 |
10573266 |
05/06/2015 |
40,000,000.00 |
DBS BANK LIMITED |
CAPITAL POINT, BABA
KHARAK SINGH MARG, CONNAUGHT |
C55623458 |
|
3 |
10545932 |
22/05/2015 * |
11,000,000.00 |
DBS BANK LIMITED |
CAPITAL POINT, BABA
KHARAK SINGH MARG, CONNAUGHT |
C53949251 |
|
4 |
10538549 |
07/11/2014 |
450,000.00 |
VIJAYA BANK |
NO D/65 HAUZKHAS MARKET, HAUZKHAS NEW DELHI - 110042, INDIA |
C38003083 |
|
5 |
10470533 |
14/04/2014 * |
75,000,000.00 |
INDUSIND BANK LIMITED |
DR. GOPAL DAS BHAWAN, 28 BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA |
C10591493 |
|
6 |
10470539 |
25/05/2015 * |
168,600,000.00 |
INDUSIND BANK LIMITED |
DR. GOPAL DAS BHAWAN, 28 BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA |
C70183231 |
|
7 |
10453210 |
31/08/2013 |
580,000.00 |
VIJAYA BANK |
DR. GOPAL DAS BHAWAN, 28 BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA |
B86717360 |
* Date
of charge modification
FIXED ASSETS:
- Machinery
- Land
- Building
- Computer
- Furniture
- Vehicle
- Office Equipment
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 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.80 |
|
|
1 |
Rs.100.49 |
|
Euro |
1 |
Rs.72.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KNL |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.