MIRA INFORM REPORT
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Report No. : |
354243 |
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Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SCIL CAPITAL INDIA PRIVATE LIMITED (w.e.f. 23.02.2011) |
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Formerly known
as : |
SCIL
CAPITAL INDIA LIMITED SAKURA
CAPITAL INDIA LIMITED |
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Registered
Office : |
21, Mittal Chambers, 228, Nariman Point, Mumbai – 400021,
Maharashtra |
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Tel. No.: |
91-22-66324361 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of Incorporation
: |
25.08.1995 |
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Com. Reg. No.: |
11-092200 |
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Capital
Investment / Paid-up Capital : |
Rs.230.000 Million |
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CIN No.: [Company Identification
No.] |
U74140MH1995PTC092200 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is non-banking financial company and deals in trading in
shares and units of mutual funds on long term and short term basis. (From
Indirect Sources) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (52) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1216000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1995. It
has fine track. For the financial year ended 2015, the company has healthy operational
activity marked by decent top line growth along with profitability margin of
3.4%. The company possesses sound financial base along with zero debt
balance sheet profile. Trade relations are fair. Business is active. Payments are regular. The company can be considered for business dealings ate 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 |
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Risk Category |
ECGC
Classification |
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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
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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
31-03-2015.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE
CONTACT NO.: 91-22-66324361
LOCATIONS
|
Registered Office : |
21, Mittal Chambers, 228, Nariman Point, Mumbai – 400021,
Maharashtra, India |
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Tel. No.: |
91-22-66324361 |
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Fax No.: |
91-22-66324367 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2015
|
Name : |
Nayankumar Chandrasinh Mirani |
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Designation : |
Managing director |
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Address : |
Sagar Mahal, 51-J, B. Desai Road, Mumbai - 400026, Maharashtra, India |
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Date of Birth/Age : |
08.06.1960 |
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Date of Appointment : |
01.12.2010 |
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DIN No.: |
00045197 |
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Other Directorship
:
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Name : |
Manish Kishorsinh Mirani |
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Designation : |
Whole-time director |
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Address : |
81/83, Vallabh Apartments, 87, Bhulabhai Desai Road, Mumbai - 400026, Maharashtra, India |
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Date of Birth/Age : |
01.07.1968 |
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Date of Appointment : |
30.03.2011 |
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DIN No.: |
00111363 |
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Other Directorship
:
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Name : |
Hitesh Laxmidas Motiwala |
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Designation : |
Whole-Time Director |
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Address : |
5, Hira House, 288, Sir Balchandra Road, Matunga,, Mumbai - 400019, Maharashtra, India |
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Date of Birth/Age : |
12.11.1968 |
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Date of Appointment : |
01.10.2015 |
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DIN No.: |
00130230 |
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Other Directorship
:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2015
|
Names of Shareholders |
No. of Shares |
|
Divyaprabha Chandrasinh Mirani |
1750000 |
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Kishorsinh Ramdas Mirani Jyotsna Kishorsinh Mirani |
2621000 |
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Nayankumar Chandrasinh Mirani Hina Nayankumar Mirani |
875000 |
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Sunil Pratapsinh Mirani Nandini Sunil Mirani |
2625000 |
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Madhav Navinchandra Mirani Navinchandra Ramdas Mirani |
740000 |
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Virendra Chandrasinh Mirani Shefali Virendra Mirani |
875000 |
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Manish Kishorsinh Mirani Nimisha Manish Mirani |
2764000 |
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Rahul Chandrasinh Mirani |
1750000 |
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Tanmay Nayankumar Mirani |
280000 |
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Jash Nayankumar Mirani |
280000 |
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Aditya Manish Mirani |
280000 |
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Hina Nayankumar Mirani Nayankumar Chandrasinh Mirani |
315000 |
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Shefali Virendra Mirani Virendra Chandrasinh Mirani |
875000 |
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Nandini Sunil Mirani Sunil Pratapsinh Mirani |
875000 |
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Nimisha Manish Mirani Manish Kishorsinh Mirani |
595000 |
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India Gelatine and Chemicals Limited, India |
5500000 |
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Total |
23000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2015
|
Category |
Percentage |
|
Directors or relatives of Directors |
76.09 |
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Other top fifty shareholders |
23.91 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is non-banking financial company and deals in trading in
shares and units of mutual funds on long term and short term basis. (From
Indirect Sources) |
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Products / Services : |
Financing, Corporate Financing, and
Corporate Advisory Services |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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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Auditors : |
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Name : |
Deloitte Haskins & Sells LLP Chartered Accountants |
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Address : |
Tower 3, 27th - 32nd Floor, Indiabulls Fin. Centre, Elphinstone Mill
Compound, Senpati Bapat Marg, Mumbai – 400013, Maharashtra, India |
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Tel. No.: |
91-22-61854000 |
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Fax No.: |
91-22-61854501 / 4601 |
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PAN No. : |
AACFD4815A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Company under common control : |
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Partnership firm in which certain directors are partners : |
Khimji Visram and Sons (Commission Department) |
CAPITAL STRUCTURE
AS ON 30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26,000,000 |
Equity Shares |
Rs.10/- each |
Rs.260.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23,000,000 |
Equity Shares |
Rs.10/- each |
Rs.230.000 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
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I.
EQUITY AND LIABILITIES |
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|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
230.000 |
230.000 |
230.000 |
|
(b) Reserves &
Surplus |
195.743 |
190.058 |
168.596 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
425.743 |
420.058 |
398.596 |
|
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.270 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.000 |
0.270 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
2.654 |
2.873 |
2.948 |
|
(c) Other current
liabilities |
0.770 |
1.582 |
1.282 |
|
(d) Short-term provisions |
21.968 |
35.342 |
5.720 |
|
Total Current Liabilities
(4) |
25.392 |
39.797 |
9.950 |
|
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|
|
|
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TOTAL |
451.135 |
459.855 |
408.816 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.246 |
5.533 |
6.747 |
|
(ii) Intangible Assets |
0.000 |
0.003 |
0.004 |
|
(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 |
107.113 |
107.733 |
126.178 |
|
(c) Deferred tax assets
(net) |
0.000 |
4.437 |
4.858 |
|
(d) Long-term Loan and Advances |
104.551 |
110.968 |
94.978 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
214.910 |
228.674 |
232.765 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
13.689 |
161.584 |
21.963 |
|
(b) Inventories |
97.841 |
0.385 |
50.736 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
0.205 |
0.526 |
0.177 |
|
(e) Short-term loans and
advances |
62.775 |
64.283 |
83.065 |
|
(f) Other current assets |
61.715 |
4.403 |
20.110 |
|
Total Current Assets |
236.225 |
231.181 |
176.051 |
|
|
|
|
|
|
TOTAL |
451.135 |
459.855 |
408.816 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
3956.932 |
2462.537 |
|
|
|
Other Income |
0.004 |
1.965 |
|
|
|
TOTAL |
3956.936 |
2464.502 |
454.308 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
|
|
|
Purchases of
Stock-in-Trade |
4003.607 |
2333.569 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
-97.455 |
50.351 |
|
|
|
Employees benefits
expense |
19.882 |
14.571 |
|
|
|
Other expenses |
16.137 |
34.069 |
|
|
|
TOTAL |
3942.171 |
2432.560 |
469.945 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
14.765 |
31.942 |
(15.637) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
14.765 |
31.942 |
(15.637) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
|
1.802 |
1.259 |
1.665 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
12.963 |
30.683 |
(17.302) |
|
|
|
|
|
|
|
Less |
TAX |
6.737 |
9.221 |
0.988 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
6.226 |
21.462 |
(18.290) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
130.195 |
113.026 |
131.298 |
|
|
|
|
|
|
|
Less |
Depreciation
for transition schedule ii of the companies act 2013 |
0.541 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
1.247 |
4.293 |
(0.018) |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
134.633 |
130.195 |
113.026 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
12.021 |
75.769 |
|
|
TOTAL EARNINGS |
0.000 |
12.021 |
75.769 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
0.27 |
0.93 |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Cash generated (used in) from operations |
(184.577) |
71.848 |
NA |
|
Net cash generated (used in) operating activities |
(194.094) |
(70.768) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.16 |
0.87 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.37 |
1.30 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.77 |
8.82 |
(6.23) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.07 |
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
9.30 |
5.81 |
17.69 |
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 |
230.000 |
230.000 |
230.000 |
|
Reserves & Surplus |
168.596 |
190.058 |
195.743 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
398.596 |
420.058 |
425.743 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
454.308 |
2464.502 |
3956.936 |
|
|
|
442.474 |
60.557 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
454.308 |
2464.502 |
3956.936 |
|
Profit/Loss |
(18.290) |
21.462 |
6.226 |
|
|
(4.03%) |
0.87% |
0.16% |
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 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 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Income tax demands disputed by the company and under appeal before
appellate authorities |
60.332 |
60.302 |
|
Sales tax demands pending in appeal proceedings |
0.071 |
0.071 |
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK
a. brief description of the nature of business of the company; The core business is Non-Banking Finance Company. And company is also into exports of raw cotton.
b. Any operational highlights indicating the overall growth of the company and During the year the Company’s total revenue has gone up to Rs. 3956.936 Million against previous year figure of Rs. 2464.502 Million. There is a Net Profit Rs. 6.226 Million against previous year Net Profit of Rs. 21.462 Million.
c. any diversification, if any, made during the year; No
d. Company’s plan to venture in other segments, if any. The Company plans to concentrate on existing Line of Business.
NATURE OF BUSINESS
The company continues to focus on its non-banking financial services. During the year there were no changes in the nature of the business activities carried out by the Company.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10601047 |
14/10/2015 |
200,000,000.00 |
BANK OF INDIA |
NARIMAN POINT LCB,
92-93, FREE PRESS HOUSE, 9TH F |
C69382562 |
|
2 |
90229078 |
22/11/1999 * |
77,000,000.00 |
THE SAKURA BANK LTD. |
2-8 MITTAL COURT, 224 NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Improvement Tom Leasehold Premises
- Furniture and Fixtures
- Vehicles
- Office Equipment
Intangible assets
- Computers Software
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.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
52 |
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.