MIRA
INFORM REPORT
|
Report No. : |
305831 |
|
Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHANKAR LAL RAMPAL DYE – CHEM. PRIVATE LIMITED |
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Registered
Office : |
SG 2730, Village – Suwana, Bhilwara – 311001, Rajasthan |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
19.09.2005 |
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Com. Reg. No.: |
17-021340 |
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Capital Investment
/ Paid-up Capital : |
Rs.13.103 Millions |
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|
|
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CIN No.: [Company Identification
No.] |
U24114RJ2005PTC021340 |
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IEC No.: |
Not Available |
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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
: |
Trader and Importer of Dye Chemicals |
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|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 170000 |
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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 having satisfactory track record. Profit margin of the company is low. However, net worth of the company
is satisfactory. General information financial position of the company is
normal and acceptable for business dealing Trade relations are reported as fair. Business is active. Payments terms
are reported to slow but correct. 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sushil |
|
Designation : |
General Manager |
|
Contact No.: |
91-9829048050 |
|
Date : |
31.01.2015 |
LOCATIONS
|
Registered Office : |
SG 2730, Village – Suwana, Bhilwara – 311001, Rajasthan, India |
|
Tel. No.: |
91-1482-220062/257340/257339 |
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Fax No.: |
91-1482-257340 |
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E-Mail : |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Inani Rampal |
|
Designation : |
Director |
|
Address : |
31/ 165, Manikya Nagar, Bhilwara – 311001, Rajasthan, India |
|
Date of Birth/Age : |
15.07.1965 |
|
Date of Appointment : |
19.09.2005 |
|
DIN No.: |
00480021 |
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|
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|
Name : |
Mrs. Ganga Devi Inani |
|
Designation : |
Director |
|
Address : |
31/ 165, Manikya Nagar, Bhilwara – 311001, Rajasthan, India |
|
Date of Birth/Age : |
02.04.1928 |
|
Date of Appointment : |
19.09.2005 |
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DIN No.: |
00480006 |
KEY EXECUTIVES
|
Name : |
Mr. Sushil |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Rampal Inani |
82100 |
6.27 |
|
Ganga Devi Inani |
75520 |
5.76 |
|
Oasis Capital Private Limited, India |
342620 |
26.15 |
|
Sushil Kumar Inani |
126000 |
9.62 |
|
Vinod Kumar Inani |
124000 |
9.46 |
|
Dinesh Chandra Inani |
130000 |
9.92 |
|
Jagdish Chandra Inani |
130660 |
9.97 |
|
Mamta Inani |
120000 |
9.16 |
|
Sheelo Inani |
30400 |
2.32 |
|
Rampal Inani HUF |
149000 |
11.37 |
|
Total |
1310300 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
26.15 |
|
Directors or relatives of Directors |
73.85 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Dye Chemicals |
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Products : |
Dye Chemicals |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Countries : |
·
Bangladesh ·
Iran |
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Imports : |
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Products : |
Dye’s Chemical |
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Countries : |
·
Germany ·
Italy ·
China ·
Taiwan |
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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 : |
10 (Approximately) |
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Bankers : |
ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri,
Baroda - 390015, Gujarat, India |
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Facilities : |
(Rs.
In Millions)
|
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Auditors : |
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Name : |
Kalani and Company Chartered Accountant |
|
Address : |
Om Textile Tower, Pur Road, Bhilwara – 311001, Rajasthan, India |
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Tel. No.: |
91-1482-241501-02-03 |
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E-Mail : |
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PAN No.: |
AABFK0738Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Relatives of key Management personnel and their enterprises : |
Classic Prime Home Care Private Limited |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1310300 |
Equity Shares |
Rs.10/- each |
Rs.13.013
millions |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
13.103 |
13.103 |
13.103 |
|
(b) Reserves & Surplus |
44.731 |
43.991 |
43.259 |
|
(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 |
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Total
Shareholders’ Funds (1) + (2) |
57.834 |
57.094 |
56.362 |
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(3)
Non-Current Liabilities |
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|
(a) long-term borrowings |
0.000 |
4.380 |
0.084 |
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(b) Deferred tax liabilities (Net) |
0.046 |
0.051 |
0.055 |
|
(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) |
0.046 |
4.431 |
0.139 |
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|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
14.885 |
9.883 |
1.399 |
|
(b) Trade payables |
2.427 |
0.964 |
7.099 |
|
(c) Other current
liabilities |
0.711 |
1.181 |
0.373 |
|
(d) Short-term provisions |
0.000 |
0.019 |
0.010 |
|
Total Current Liabilities (4) |
18.023 |
12.047 |
8.881 |
|
|
|
|
|
|
TOTAL |
75.903 |
73.572 |
65.382 |
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II.
ASSETS |
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|
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|
(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
0.597 |
0.691 |
0.734 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
0.597 |
0.691 |
0.734 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
19.754 |
19.298 |
17.099 |
|
(c) Trade receivables |
38.610 |
41.025 |
38.061 |
|
(d) Cash and cash
equivalents |
9.930 |
9.251 |
2.116 |
|
(e) Short-term loans and
advances |
7.012 |
3.307 |
7.372 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
75.306 |
72.881 |
64.648 |
|
|
|
|
|
|
TOTAL |
75.903 |
73.572 |
65.382 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
234.098 |
232.562 |
194.142 |
|
|
|
Other Income |
0.055 |
0.000 |
0.524 |
|
|
|
TOTAL (A) |
234.153 |
232.562 |
194.666 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
|
230.092 |
191.146 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(2.200) |
(1.314) |
|
|
|
Employees benefits expense |
|
0.000 |
0.000 |
|
|
|
Other expenses |
|
1.752 |
1.691 |
|
|
|
Purchases of Stock-in-Trade |
|
1.144 |
1.309 |
|
|
|
TOTAL (B) |
232.955 |
230.788 |
192.832 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.198 |
1.774 |
1.834 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
N.A |
0.598 |
0.734 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.198 |
1.176 |
1.100 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.122 |
0.113 |
0.110 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.076 |
1.063 |
0.990 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.336 |
0.330 |
0.309 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.740 |
0.733 |
0.681 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.56 |
0.56 |
0.52 |
|
Expected Sales (2014-15) : Rs.700.000 Millions
The above information has been parted by Mr. Sushil (General Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.32 |
0.32 |
0.35 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
N.A |
0.76 |
0.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.42 |
1.44 |
1.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.02 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.26 |
0.25 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.18 |
6.05 |
7.28 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
13.103 |
13.103 |
13.103 |
|
Reserves & Surplus |
43.259 |
43.991 |
44.731 |
|
Net
worth |
56.362 |
57.094 |
57.834 |
|
|
|
|
|
|
long-term borrowings |
0.084 |
4.380 |
0.000 |
|
Short term borrowings |
1.399 |
9.883 |
14.885 |
|
Total
borrowings |
1.483 |
14.263 |
14.885 |
|
Debt/Equity
ratio |
0.026 |
0.250 |
0.257 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
194.142 |
232.562 |
234.098 |
|
|
|
19.790 |
0.660 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
194.142 |
232.562 |
234.098 |
|
Profit |
0.681 |
0.733 |
0.740 |
|
|
0.35% |
0.32% |
0.32% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
(Rs.
In Millions)
|
UNSECURED LOAN |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Loans from related parties and other |
0.000 |
4.380 |
|
Total |
0.000 |
4.380 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10278100 |
15/05/2013 * |
16,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B76933829 |
* Date of charge modification
FIXED ASSETS
·
Office equipments
·
Vehicle
·
Computers
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.61.73 |
|
|
1 |
Rs.92.91 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
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DEFAULTER
|
|
|
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--RBI |
YES/NO |
NO |
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--EPF |
YES/NO |
NO |
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TOTAL |
|
41 |
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.