MIRA INFORM REPORT
|
Report No. : |
354616 |
|
Report Date : |
11.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
N L PACKAGING PRIVATE LIMITED |
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Registered
Office : |
205, Pragati Industrial Estate, N. M. Joshi Marg, Lower Parel, Mumbai
– 400011, Maharashtra |
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Tel. No.: |
91-22-40285888 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
30.03.2010 |
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Com. Reg. No.: |
11-201464 |
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Capital
Investment / Paid-up Capital : |
Rs.25.000 Million |
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|
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CIN No.: [Company Identification
No.] |
U21090MH2010PTC201464 |
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IEC No.: |
0311087761 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN19885F |
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PAN No.: [Permanent Account No.] |
AADCN4101B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, producer, processor, converter, flexible packaging, rigid packaging from materials such as plastic, paper, card/paper board, aluminum foil, material of any other description, laminated, separated or combined with other materials and labels. [Registered Activity] |
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|
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is established company incorporated in the year 2010 and it is
having satisfactory track record. The ratings derive strength from the satisfactory financial risk
profile characterized by low leverage, comfortable debt coverage indicators
along with comfortable liquidity position. The ratings also derive strength from experience of promoters and
well-established position of the company in the packaging industry along with
steady growing scale of operations and profit. This rating is partially offsets to volatility in raw material prices,
and working capital nature of operations. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of aforesaid, the company can be considered for the 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 |
|
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Gopal Somani |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-40285888 |
|
Date : |
10.12.2015 |
LOCATIONS
|
Registered / Administrative Office : |
205, Pragati Industrial Estate, N. M. Joshi Marg, Lower Parel, Mumbai
– 400011, Maharashtra, India |
|
Tel. No.: |
91-22-40285888 / 40285850 / 40285855 |
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Fax No.: |
91-22-40285870 |
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E-Mail : |
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Factory : |
Plot No.298, Survey No.297/1/2, Orient Compound, Sayali Village,
Silvassa – 396240, Union Territory of Dadra and Nagar Haveli, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Navin Maheshwari |
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Designation : |
Director |
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Address : |
601, 6th Floor, Kalsaria Apartments, Upvan Upper,
Govind Nagar, Opposite Shikhar Kunj, Malad East, Mumbai - 400049,
Maharashtra, India |
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Date of Birth/Age : |
07.04.1970 |
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Date of Appointment : |
01.11.2010 |
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DIN No.: |
00250495 |
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Other Directorship :
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Name : |
Mr. Vikas Maheshwari |
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Designation : |
Director |
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Address : |
601, 6th Floor, Kalsaria Apartments, Upvan
Upper, Govind Nagar, Opposite Shikhar Kunj, Malad East, Mumbai - 400049,
Maharashtra, India |
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Date of Birth/Age : |
20.04.1972 |
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Date of Appointment : |
30.03.2010 |
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DIN No.: |
00250587 |
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Other Directorship :
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Name : |
Mr. Rahul Maheshwari |
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Designation : |
Director |
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Address : |
502 Kalsaria Apartments , Upper Govind Nagar, Opposite Shikhar Kunj, Malad East, Mumbai -
400097, Maharashtra, India |
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Date of Birth/Age : |
05.09.1979 |
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Date of Appointment : |
01.11.2010 |
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DIN No.: |
00250655 |
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Other Directorship :
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Name : |
Mrs. Vandana Vikas Maheshwari |
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Designation : |
Director |
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Address : |
601, Kalsaria Apartment, 6th Floor, Uppavan,
Upper Govind Nagar, Opposite Shikhar
Kunj, Malad (East), Mumbai - 400097, Maharashtra, India |
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Date of Birth/Age : |
30.05.1976 |
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Date of Appointment : |
30.09.2011 |
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DIN No.: |
02996743 |
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Other Directorship :
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Name : |
Mrs. Anita Sanjay Maheshwari |
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Designation : |
Director |
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|
Address : |
502 Kalsaria Apartments , Upper Govind Nagar, Opposite Shikhar Kunj, Malad East, Mumbai -
400097, Maharashtra, India |
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Date of Birth/Age : |
11.02.1977 |
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Date of Appointment : |
01.11.2010 |
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DIN No.: |
03310169 |
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KEY EXECUTIVES
|
Name : |
Mr. Gopal Somani |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 31.03.2015
|
Names of Shareholders |
No. of Shares |
|
Vikas Maheshwari |
969400 |
|
Vandana Maheshwari |
290000 |
|
Anita Maheshwari |
340000 |
|
Rahul Maheshwari |
273000 |
|
Navin Maheshwari |
117000 |
|
Orient Fincorp Limited, India |
420000 |
|
Sejal Maheshwari |
30000 |
|
Parul Maheshwari |
30000 |
|
Sunita Maheshwari |
30000 |
|
Omega Securities and Trading Company Private Limited, India |
100 |
|
Anil Hurkat HUF |
100 |
|
Sunil Hurkat |
100 |
|
Vinita Hurkat |
100 |
|
Sunita Anil Hurkat |
100 |
|
Yash Hurkat |
100 |
|
|
|
|
Total |
2500000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
16.80 |
|
Directors or relatives of Directors |
81.80 |
|
Other top fifty shareholders |
1.40 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, producer, processor, converter, flexible packaging, rigid packaging from materials such as plastic, paper, card/paper board, aluminum foil, material of any other description, laminated, separated or combined with other materials and labels. [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 : |
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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 : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
S M Bajaj and Company Chartered Accountants |
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Address : |
B-10, Arya Satya, Ramchandra Nagar, Off Manpada Road, Dombivli East,
Thane – 421201, Maharashtra, India |
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PAN No.: |
AABPB2285R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises owned by key management personnel / or their relatives : |
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CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
|
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|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Million |
|
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
25.000 |
25.000 |
25.000 |
|
(b) Reserves & Surplus |
8.793 |
2.955 |
0.882 |
|
(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) |
33.793 |
27.955 |
25.882 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
40.562 |
33.210 |
6.863 |
|
(b) Deferred tax liabilities (Net) |
15.290 |
1.328 |
0.659 |
|
(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) |
55.852 |
34.538 |
7.522 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
27.892 |
20.653 |
11.052 |
|
(b) Trade
payables |
17.918 |
20.348 |
14.916 |
|
(c) Other
current liabilities |
12.354 |
10.152 |
27.865 |
|
(d) Short-term
provisions |
1.101 |
0.014 |
0.187 |
|
Total Current
Liabilities (4) |
59.265 |
51.167 |
54.020 |
|
|
|
|
|
|
TOTAL |
148.910 |
113.660 |
87.424 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
58.171 |
28.653 |
23.935 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
2.018 |
0.167 |
|
(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 |
7.012 |
9.939 |
0.848 |
|
(e) Other
Non-current assets |
0.219 |
0.384 |
0.322 |
|
Total Non-Current
Assets |
65.402 |
40.994 |
25.272 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
10.399 |
16.521 |
13.548 |
|
(c) Trade
receivables |
68.292 |
46.402 |
31.334 |
|
(d) Cash
and cash equivalents |
3.180 |
5.033 |
7.549 |
|
(e)
Short-term loans and advances |
1.637 |
4.710 |
9.721 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
83.508 |
72.666 |
62.152 |
|
|
|
|
|
|
TOTAL |
148.910 |
113.660 |
87.424 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
215.466 |
139.675 |
|
|
|
|
|
Other Income |
0.911 |
(0.630) |
|
|
|
|
|
TOTAL (A) |
216.377 |
139.045 |
NA |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
178.772 |
108.550 |
|
|
|
|
|
Purchase of Stock-in-trade |
1.237 |
1.583 |
|
|
|
|
|
Employee Benefits Expenses |
5.470 |
5.607 |
|
|
|
|
|
Other Expenses |
15.036 |
13.780 |
|
|
|
|
|
TOTAL (B) |
200.515 |
129.520 |
NA |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
15.862 |
9.525 |
NA |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
4.742 |
3.790 |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
11.120 |
5.735 |
NA |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
2.582 |
2.698 |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
8.538 |
3.037 |
NA |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
2.711 |
1.251 |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
5.827 |
1.786 |
0.691 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
3.927 |
5.819 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
37.224 |
22.071 |
23.577 |
|
|
|
|
Traded Goods |
1.237 |
0.000 |
0.000 |
|
|
|
TOTAL IMPORTS |
38.461 |
22.071 |
23.577 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
2.33 |
0.71 |
-- |
||
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
3.571 |
6.992 |
4.549 |
|
Net Cash generated from operations |
6.069 |
(24.939) |
NA |
|
Net cash generated from operating activities |
5.528 |
(25.407) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin PAT / Sales |
(%) |
2.70 |
1.28 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.36 |
6.82 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
5.73 |
2.72 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.11 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.13 |
2.18 |
0.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41 |
1.42 |
1.15 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
25.000 |
25.000 |
25.000 |
|
Reserves & Surplus |
0.882 |
2.955 |
8.793 |
|
Net
worth |
25.882 |
27.955 |
33.793 |
|
|
|
|
|
|
long-term borrowings |
6.863 |
33.210 |
40.562 |
|
Short term borrowings |
11.052 |
20.653 |
27.892 |
|
Current Maturities of Long term debt |
4.549 |
6.992 |
3.571 |
|
Total
borrowings |
22.464 |
60.855 |
72.025 |
|
Debt/Equity
ratio |
0.868 |
2.177 |
2.131 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2014 |
31.03.2015 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales |
|
139.675 |
215.466 |
|
|
|
|
54.262 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2014 |
31.03.2015 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Sales
|
|
139.675 |
215.466 |
|
Profit |
|
1.786 |
5.827 |
|
|
|
1.28% |
2.70% |
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 |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two 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 |
UNSECURED LOANS:
|
Particulars |
31.03.2015 Rs.
In Million |
31.03.2014 Rs.
In Million |
|
Long Term Borrowings |
|
|
|
From related
parties |
39.550 |
28.627 |
|
|
|
|
|
Total |
39.550 |
28.627 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10416796 |
04/09/2015 * |
55,720,000.00 |
Bank of Maharashtra |
Delisle
Road Branch, 101, Yashashree Co-Operative Housing Society Limited, 85, N.M.
Joshi Marg, Mumbai, Maharashtra - 400011, |
C65502114 |
*Date of modification Charges
FIXED ASSETS:
Ø Tangible Assets
·
Plant and Machinery
·
Furniture and Fixtures
·
Air Conditioner
·
Delivery Van
·
Factory Equipment
·
Office Equipments
·
Computers
·
Electrical Fittings
Ø Intangible Assets
·
Goodwill
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 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.66.79 |
|
|
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.73.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
|
46 |
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.