MIRA
INFORM REPORT
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Report No. : |
329969 |
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Report Date : |
02.07.2015 |
IDENTIFICATION DETAILS
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Name : |
RANGOLI INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
704, |
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Tel. No.: |
91-261-3916427 / 3042382 / 2321010 / 2321011 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
15.04.1997 |
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Com. Reg. No.: |
04032107 |
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Capital
Investment / Paid-up Capital : |
Rs. 18.217 Million |
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CIN No.: [Company Identification
No.] |
U17110GJ1997PTC032107 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCR1045C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in manufacturing of yarns. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 moderate track. There seems some dip in the turnover during FY 2014. Profit margin of
the company is also low. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
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NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Kushal Agarwal |
|
Designation : |
Chief Executive Officer |
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Contact No.: |
91-9374148607 |
|
Date : |
01.07.2015 |
LOCATIONS
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Registered Office : |
704, President Plaza, Ring Road, Surat – 395002, Gujarat, India |
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Tel. No.: |
91-261-3916427 / 3042382 / 2321010 / 2321011 |
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Mobile No.: |
91-9374148607 (Mr. Kushal Agarwal) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Accounting Office : |
701-704 B, President Plaza, Near RTO, Ring road Surat, Gujarat, India |
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701 and 714 Rajhans Complex, Ring road, Surat, Gujarat, India |
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Export Office : |
712 Rajhans Complex, Ring road, Surat, Gujarat, India |
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Manufacturing Unit 1 : |
221/3/1/5 Village Dadra, U.T.of Dadra and Nagar Haveli, India |
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Manufacturing Unit 2 : |
P. No G, Block No. 104, Reliance Compound, Village Mangrol, Gujarat, India |
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Manufacturing Unit 3 : |
P. No. 4-6, Yogeshwar Industrial Estate, Village Pipodara, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Shrawan Agarwal |
|
Designation : |
Director |
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Address : |
8/c, Nidhivan Appartment, Somnath Mahadev Road, Parle Point, Surat – 395007, Gujarat, India |
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Date of Appointment : |
15.04.1997 |
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Date of cessation : |
27.02.2015 |
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DIN No.: |
00097615 |
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Name : |
Shyam Sunder Jhunjhunwala |
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Designation : |
Director |
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Date of Appointment : |
15.04.1997 |
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Date of cessation : |
27.02.2015 |
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DIN No.: |
00097893 |
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Name : |
Arun Kumar Agarwal |
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Designation : |
Director |
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Address : |
22, Jaldarshan Society, Near Hotel Holiday Inn, Parle Point, Surat – 395007, Gujarat, India |
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Date of Appointment : |
15.04.1997 |
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DIN No.: |
00115737 |
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Name : |
Sangita Agarwal |
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Designation : |
Director |
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Address : |
Plot No.22, Jaldarshan Society, Near Hotel, Holiday Inn, Parle Point, Umra, Surat - 395007, Gujarat, India |
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Date of Appointment : |
26.02.2015 |
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DIN No.: |
00097496 |
KEY EXECUTIVE
|
Name : |
Mr. Kushal Agarwal |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
SHAREHOLDERS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
33.17 |
|
Directors or relatives of Directors |
66.83 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The company is engaged in manufacturing of yarns. |
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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 |
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 : |
· Syndicate Bank · Andhra Bank |
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Facilities : |
Note : Long Term
Borrowing Details of
Securities against Term Loans from Andhra Bank Limited is as under Primary Security: Hypothecation charge over Plant & Machinery of the company. Collateral Security : 1) Factory Plot at 22113/1/5, Village: Dadra Union Territory, Dadra Nagar Haveli Plot no- D-G Block no-104 Paiki, fraule-Palod. Mangrol, Surat Flat no 301 34 Nidhivan Apartment, Brijwasi Estate, Umra Road, Surat Flat no 803 Nidhivan Apartment, Brijwasi Estate, Umra Road, Surat Shop No. B-15,16,17 and 18, Bhagwati Ashis Building, Umra Road, Surat FDR of Rs.1.000 Million. Personal Security: Given by Directors and their relatives
of the Company Short Term
Borrowing Details of Securities
against Cash Credit from Andhra Bank Limited is as under Primary Security: Hypothecation charge over Plant & Machinery of the company. Collateral Security : 1) Factory Plot at 22113/1/5, Village: Dadra Union Territory, Dadra Nagar Haveli Plot no- D-G Block no-104 Paiki, fraule-Palod. Mangrol, Surat Flat no 301 34 Nidhivan Apartment, Brijwasi Estate, Umra Road, Surat Flat no 803 Nidhivan Apartment, Brijwasi Estate, Umra Road, Surat Shop No. B-15,16,17 and 18, Bhagwati Ashis Building, Umra Road, Surat FDR of Rs.1.000 Million. Personal Security:
Given by Directors and their relatives of the Company |
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Auditors : |
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Name : |
H. Tosniwal and Company Chartered Accountants |
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Address : |
604, Empire State Building, Ring Road – 395002, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFH1890B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
· Zoom Synthetics Private Limited · Shree Ram Texolene Private Limited · Gee Dee Lon Texotwist Private Limited · Vidisha Yarns Private Limited · Kushal Fibres Private Limited · Riddhi Texturisers Private Limited · Gajanand Creation Private Limited · Sahaj Synthetics Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1,821,650 |
Equity Shares |
Rs.10/- each |
Rs. 18.216 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
18.217 |
18.217 |
18.217 |
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(b) Reserves & Surplus |
126.964 |
122.765 |
121.706 |
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(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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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) |
145.181 |
140.982 |
139.923 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
10.890 |
21.972 |
33.426 |
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(b) Deferred tax liabilities
(Net) |
2.788 |
3.040 |
3.295 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
13.678 |
25.012 |
36.721 |
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(4) Current Liabilities |
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(a) Short term borrowings |
127.734 |
132.371 |
145.792 |
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(b) Trade payables |
68.315 |
162.101 |
53.998 |
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(c) Other current liabilities |
17.589 |
19.074 |
21.968 |
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(d) Short-term provisions |
0.014 |
0.564 |
0.456 |
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Total
Current Liabilities (4) |
213.652 |
314.110 |
222.214 |
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TOTAL |
372.511 |
480.104 |
398.858 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
67.881 |
78.221 |
90.467 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
4.709 |
4.709 |
2.209 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
0.150 |
0.954 |
0.954 |
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(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total
Non-Current Assets |
72.740 |
83.884 |
93.630 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
71.537 |
177.479 |
78.514 |
|
(c) Trade receivables |
125.680 |
169.771 |
191.513 |
|
(d) Cash and cash equivalents |
13.776 |
11.007 |
8.214 |
|
(e) Short-term loans and
advances |
88.778 |
37.963 |
26.987 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
299.771 |
396.220 |
305.228 |
|
|
|
|
|
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TOTAL |
372.511 |
480.104 |
398.858 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
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Income |
945.878 |
1280.092 |
1321.951 |
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Other Income |
3.708 |
5.393 |
0.783 |
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TOTAL (A) |
949.586 |
1285.485 |
1322.734 |
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Less |
EXPENSES |
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Cost of Materials
Consumed |
353.849 |
813.966 |
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Purchases of
Stock-in-Trade |
405.338 |
444.170 |
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|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
88.996 |
(93.761) |
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Employees benefits
expense |
12.626 |
12.806 |
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Exceptional Items |
0.000 |
(0.020) |
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Other expenses |
51.905 |
74.645 |
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TOTAL (B) |
912.714 |
1251.806 |
1320.540 |
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Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
36.872 |
33.679 |
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Less |
FINANCIAL EXPENSES (D) |
20.614 |
18.826 |
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PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.258 |
14.853 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.308 |
13.232 |
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PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
4.950 |
1.621 |
2.194 |
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Less |
TAX (H) |
0.751 |
0.562 |
0.744 |
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PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
4.199 |
1.059 |
1.450 |
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|
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|
|
Earnings / (Loss) Per
Share (Rs.) |
2.31 |
0.58 |
-- |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
10.648 |
10.680 |
10.769
|
|
Cash generated from operations |
38.821 |
45.352 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.44 |
0.08 |
0.11 |
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Operating Profit Margin (PBIDT/Sales) |
(%) |
3.90 |
2.63 |
0.17 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.35 |
0.34 |
0.55 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.01 |
0.02 |
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Debt Equity Ratio (Total Debt /Networth) |
|
1.03 |
1.17 |
1.36 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
1.26 |
1.37 |
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 |
18.217 |
18.217 |
18.217 |
|
Reserves & Surplus |
121.706 |
122.765 |
126.964 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
139.923 |
140.982 |
145.181 |
|
|
|
|
|
|
long-term borrowings |
33.426 |
21.972 |
10.890 |
|
Short term borrowings |
145.792 |
132.371 |
127.734 |
|
Current Maturities of
Long Term Debt |
10.769 |
10.680 |
10.648 |
|
Total borrowings |
189.987 |
165.023 |
149.272 |
|
Debt/Equity ratio |
1.358 |
1.171 |
1.028 |
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) |
|
Sales |
1321.951 |
1280.092 |
945.878 |
|
|
|
(3.166) |
(26.109) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1321.951 |
1280.092 |
945.878 |
|
Profit |
1.450 |
1.059 |
4.199 |
|
|
0.11% |
0.08% |
0.44% |
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 |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans from directors and their relatives |
4.059 |
1.919 |
|
From body corporate |
0.000 |
15.967 |
|
From others |
0.083 |
0.083 |
|
Total |
4.142 |
17.969 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10528849 |
03/11/2014 |
4,274,000.00 |
ANDHRA BANK |
TULSI MARKET, RING ROAD, SURAT, GUJARAT - 395002, |
C32078636 |
|
2 |
10401511 |
19/01/2013 |
158,000,000.00 |
ANDHRA BANK |
TULSI MARKET, RING ROAD, SURAT, GUJARAT - 395002, |
B67451880 |
|
3 |
10390207 |
28/02/2014 * |
158,000,000.00 |
ANDHRA BANK |
TULSI MARKET, RING ROAD, SURAT, GUJARAT - 395002, |
C00126193 |
* Date of charge modification
FIXED ASSETS
· Land
· Factory Building
· Plant and Machinery
· Electric Installation
· Air Conditioner
· Weight Scale
· Motor Cycle
· Compressors
· Lift
· Shop
· Invertors
· Fork lift
· Printer
· Packing Machines
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.63.62 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
` |
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.