MIRA INFORM REPORT
|
Report No. : |
331118 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
TOKYO PLAST INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
Vyom Arcade, 5th Floor, Tejpal Scheme Road No. 5, Above United Bank of India, Vile Parle (East), Mumbai – 400057, Maharashtra |
|
Tel. No.: |
91-22-61453300/ 66952301/ 66952302/ 66952303/ 66952304 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
18.11.1992 |
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|
|
|
Com. Reg. No.: |
11-069617 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 95.014
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L25209MH1992PLC069617 |
|
|
|
|
IEC No.: |
0391162250 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AAACT1985F |
|
IEC No.: |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer of pinnacle thermos, thermos bowl, cooler jugs, outdoor living. |
|
|
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|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The rating reflects company’s sound financial risk profile marked by adequate
liquidity position and fair profitability levels of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade 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.
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 PARTED BY
|
Name : |
Mr. Haresh |
|
Designation : |
Director |
|
Contact No.: |
91-8451900859 |
|
Date : |
08.07.2015 |
LOCATIONS
|
Registered Office : |
Vyom Arcade, 5th Floor, Tejpal Scheme Road No. 5, Above United Bank of India, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
|
Tel. No.: |
91-22-61453300/ 66952301/ 66952302/ 66952303/ 66952304 |
|
Mobile No.: |
91-8451900859 (Mr. Haresh ) |
|
Fax No.: |
91-22-66914499/ 26130814 |
|
E-Mail : |
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|
Website : |
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Administrative Office : |
102 Thosar House, Hanuman Cross Road No. 1, Vile Parle (East), Mumbai – 400057, Maharashtra, India |
|
Tel. No.: |
91-22-56952301 |
|
Fax No.: |
91-22-56914499 |
|
|
|
|
Factory 1 : |
Plot No. 363/1, (1, 2, 3), Shree Ganesh Industrial Estate, Kachigaum Road, Daman – 396210, Daman and Diu (U.T.), India |
|
Tel. No.: |
91-260-2242977/ 2244471 |
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Fax No.: |
91-260-2243271 |
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|
|
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Factory 2 : |
Shed No.371 and 372, FA-II Type, Sector-IV, Kandla Special Economic Zone, Gandhidham, Kutch - 370230, Gujarat, India |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Velji L. Shah |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Haresh V. Shah |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Tassadduq A. Khan |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Chimanlal A. Kachhi |
|
Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
|
||
|
(A) Shareholding of
Promoter and Promoter Group |
||
|
|
|
|
|
|
4380170 |
46.10 |
|
|
477200 |
5.02 |
|
|
4857370 |
51.12 |
|
|
|
|
|
Total shareholding of
Promoter and Promoter Group (A) |
4857370 |
51.12 |
|
|
|
|
|
(B) Public Shareholding |
||
|
|
|
|
|
|
52286 |
0.55 |
|
|
52286 |
0.55 |
|
|
|
|
|
|
284937 |
3.00 |
|
|
|
|
|
Individual shareholders
holding nominal share capital up to Rs. 0.100 Million |
2007979 |
21.13 |
|
Individual shareholders
holding nominal share capital in excess of Rs. 0.100 Million |
1556665 |
16.38 |
|
|
742163 |
7.81 |
|
|
727741 |
7.66 |
|
|
14422 |
0.15 |
|
|
4591744 |
48.33 |
|
Total Public shareholding
(B) |
4644030 |
48.88 |
|
|
|
|
|
Total (A)+(B) |
9501400 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
|
|
|
Total (A)+(B)+(C) |
9501400 |
100.00 |
SHAREHOLDING OF
SECURITIES (INCLUDING SHARES, WARRANTS, CONVERTIBLE SECURITIES) OF PERSONS
BELONGING TO THE CATEGORY PROMOTER AND PROMOTER GROUP
|
NO. |
NAME OF THE
SHAREHOLDER |
DETAILS OF SHARES HELD |
|
|
NO. OF SHARES HELD |
AS A % OF GRAND TOTAL (A)+(B)+(C) |
||
|
1 |
Bharat Makshi Shah |
65,065 |
0.68 |
|
2 |
Pravin Malshi Shah |
9,800 |
0.10 |
|
3 |
Velji L Shah |
25,55,850 |
26.90 |
|
4 |
Tokyo Finance Limited |
4,77,200 |
5.02 |
|
5 |
Malshi L Shah |
9,37,550 |
9.87 |
|
6 |
Heena Bharat Shah |
1,97,985 |
2.08 |
|
7 |
Pushpa Pravin Shah |
1,42,866 |
1.50 |
|
8 |
Haresh V Shah |
97,400 |
1.03 |
|
9 |
Chirag Rayshi Shah |
25,500 |
0.27 |
|
10 |
Rayshi L Shah |
1,45,000 |
1.53 |
|
11 |
Ankur Rayshi Shah |
19,000 |
0.20 |
|
12 |
Priti Haresh Shah |
1,84,154 |
1.94 |
|
|
Total |
48,57,370 |
51.12 |
SHAREHOLDING OF
SECURITIES (INCLUDING SHARES, WARRANTS, CONVERTIBLE SECURITIES) OF PERSONS BELONGING
TO THE CATEGORY PUBLIC AND HOLDING MORE THAN 1% OF THE TOTAL NUMBER OF SHARES
|
NO. |
NAME OF THE
SHAREHOLDER |
NO. OF SHARES HELD |
SHARES AS % OF
TOTAL NO. OF SHARES |
|
|
1 |
BHAVNA KESHAVAJI GADA |
153494 |
1.62 |
|
|
2 |
DAMYANTI NARENDRA SHROFF |
125000 |
1.32 |
|
|
3 |
DILIPKUMAR N PURSWANI |
125000 |
1.32 |
|
|
4 |
GOVIND DEVJI WAGHELA |
106828 |
1.12 |
|
|
5 |
JAYSHREE NANDKUMAR |
142951 |
1.50 |
|
|
6 |
JUGAL KISHORE SHROFF |
128050 |
1.35 |
|
|
7 |
KEHAVJI BHACHU GADA |
157300 |
1.66 |
|
|
8 |
LALITA JUGALKISHORE SHROFF |
125000 |
1.32 |
|
|
9 |
S SANGEETHA |
203290 |
2.14 |
|
|
10 |
VIVEK VIJAY JAIN |
300000 |
3.16 |
|
|
|
TOTAL |
1566913 |
16.49 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of pinnacle thermos, thermos bowl, cooler jugs, outdoor living. |
|
|
|
|
Products : |
Pinnacle thermos, thermos bowl, cooler jugs, outdoor
living |
|
|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished goods |
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Countries : |
Spain |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (30 days / 60 days / 90 days) |
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Purchasing : |
Cash and Credit (30 days / 60 days / 90 days) |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users OEMS
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No. of Employees : |
500 (Approximately) |
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Bankers : |
The Cosmos Co-Operative Bank Limited |
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Facilities : |
NOTE : LONG-TERM BORROWINGS Nature of Security and Terms of repayment i. Term Loan of Rs.3.457 Million is secured by Machineries at Daman and Kandla Factory and also guaranteed by Shri. Velji L. Shah and Shri. Haresh V. Shah Directors in their Personal Capacity, Repayable in monthly installment before 16.04.2015 with rate of interest @ 13.50%. ii. Term Loan of Rs.11.329 Million is secured by Machineries at Daman and Kandla Factory and also guaranteed by Shri. Velji L. Shah and Shri. Haresh V. Shah Directors in their Personal Capacity, Repayable in monthly installment before 13.04.2017 with rate of interest @ 13.50%. iii. Term Loan of Rs.12.499 Million is secured by hypothecation of Construction of Office Premises Known as Tokyo Tower also guaranteed by Shri. Velji L. Shah and Shri. Haresh V. Shah Directors in their Personal Capacity, Repayable in monthly installment before 28.02.2018 with rate of interest @ 13.50%. iv. Term Loan of Rs.3.554 Million is secured by Moulds at Daman and Kandla Factory and also guaranteed by Shri. Velji L. Shah and Shri. Haresh V. Shah Directors in their Personal Capacity, Repayable in monthly instalment before 20.05.2016 with rate of interest @ 13.50%. v. Term Loan of Rs.3.204 Million is secured by Moulds at Daman and Kandla Factory and also guaranteed by Shri. Velji L. Shah and Shri. Haresh V. Shah Directors in their Personal Capacity, Repayable in monthly installment before 17.10.2018 with rate of interest @ 13.50%. vi. Vehicle Loan of Rs.1.999 Million is secured by hypothecation Vehicle, Repayable in monthly installment before 30.11.2016 with Maximum rate of interest @ 12.65% SHORT TERM
BORROWINGS All loans from Banks are secured by Stock and Debtors and Collateral security of factory premises at Daman, Land at Marol Co. Op. Industrial Estate, Andheri, Plant and Machinery at Daman and Kandla and also guaranteed by Shri. Velji L. Shah and Shri. Haresh V. Shah, Directors, in their personal capacity. |
|
Auditors : |
|
|
Name : |
Swamy and Chhabra Chartered Accountants |
|
Address : |
1st Floor, 39, Welfare Chambers, Plot 73, Sector 17, Vashi,
Navi Mumbai – 400705, Maharashtra, India |
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Tel. No.: |
91-22-27894341/ 27894265 |
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Fax No.: |
91-22-27894341 |
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|
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Enterprise where Key
Managerial persons have significant influence [AS ON 31.03.2014]
: |
1. Tokyo Finance Limited 2. Tokyo Constructions Limited 3. Siddh International 4. Trishla distributors Inc. 5.Tokyo Exim Limited 6. Mahavir Houseware Distributors Inc |
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Subsidiary Company [AS ON 31.03.2014]: |
Tokyo Plast Global FZE |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :Not Available
Issued, Subscribed & Paid-up Capital : Rs. 95.014 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs. 10/- each |
Rs. 110.000 Million |
|
1400000 |
Preference Shares |
Rs. 100/- each |
Rs. 140.000 Million |
|
|
Total |
|
Rs. 250.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9501400 |
Equity Shares |
Rs. 10/- each |
Rs. 95.014
Million |
Terms/rights attached
to equity shares
The company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share. No dividend has been proposed by the Board of Directors for the Financial year 2013-14. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amount, in proportion to their shareholding.
Shares in the company
held by each shareholder holding more than 5 percent shares
|
Particulars |
No. of Shares held |
% of Holding |
|
Velji L Shah |
2555850 |
26.90 |
|
Malshi L Shah |
937550 |
9.88 |
|
Tokyo Finance Limited |
477200 |
5.02 |
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 |
95.014 |
95.014 |
95.014 |
|
(b) Reserves & Surplus |
354.931 |
322.246 |
282.412 |
|
(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) |
449.945 |
417.260 |
377.426 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
17.034 |
16.196 |
32.837 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
3.428 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
13.019 |
8.655 |
8.782 |
|
Total
Non-current Liabilities (3) |
30.053 |
24.851 |
45.047 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
175.688 |
176.503 |
149.170 |
|
(b)
Trade payables |
31.470 |
59.064 |
73.497 |
|
(c)
Other current liabilities |
32.134 |
34.146 |
26.420 |
|
(d)
Short-term provisions |
12.115 |
17.699 |
16.290 |
|
Total
Current Liabilities (4) |
251.407 |
287.412 |
265.377 |
|
|
|
|
|
|
TOTAL |
731.405 |
729.523 |
687.850 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
133.804 |
141.346 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
42.191 |
44.717 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
11.400 |
12.617 |
12.617 |
|
(c) Deferred tax assets
(net) |
11.134 |
10.345 |
0.000 |
|
(d) Long-term Loan
and Advances |
186.070 |
176.170 |
203.807 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
379.529 |
375.127 |
402.487 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
71.173 |
70.292 |
71.482 |
|
(c)
Trade receivables |
100.966 |
112.324 |
102.673 |
|
(d)
Cash and cash equivalents |
13.288 |
12.542 |
16.853 |
|
(e)
Short-term loans and advances |
80.598 |
87.418 |
29.229 |
|
(f)
Other current assets |
85.851 |
71.820 |
65.126 |
|
Total
Current Assets |
351.876 |
354.396 |
285.363 |
|
|
|
|
|
|
TOTAL |
731.405 |
729.523 |
687.850 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
549.043 |
571.517 |
512.667 |
|
|
|
Other Income |
20.593 |
(1.509) |
(14.053) |
|
|
|
TOTAL (A) |
569.636 |
570.008 |
498.614 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
293.508 |
286.831 |
245.905 |
|
|
|
Purchases of Traded Goods |
0.000 |
1.544 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(4.347) |
(3.056) |
6.804 |
|
|
|
Employees benefits expense |
80.030 |
68.877 |
60.366 |
|
|
|
Other expenses |
108.316 |
135.573 |
126.491 |
|
|
|
TOTAL (B) |
477.507 |
489.769 |
439.566 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
92.129 |
80.239 |
59.048 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
28.581 |
24.274 |
23.965 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
63.548 |
55.965 |
35.083 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
21.240 |
22.904 |
20.932 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
42.308 |
33.061 |
14.151 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.622 |
(6.773) |
4.250 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
32.686 |
39.834 |
9.901 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB basis |
NA |
514.720 |
450.036 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
109.854 |
86.755 |
|
|
|
Capital Goods |
NA |
0.000 |
0.678 |
|
|
|
Machinery Parts |
NA |
0.000 |
0.148 |
|
|
TOTAL IMPORTS |
NA |
109.854 |
87.581 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.44 |
4.19 |
1.04 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
19.848 |
17.221 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash from operating activities |
NA |
8.776 |
36.677 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin |
(%) |
5.95 |
6.97 |
1.93 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
16.78 |
14.04 |
11.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.97 |
4.98 |
2.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.08 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.43 |
0.46 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
1.23 |
1.08 |
STOCK
PRICES
|
Face Value |
Rs.10.00/- |
|
Market Value |
Rs.26.00/- |
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 |
95.014 |
95.014 |
95.014 |
|
Reserves & Surplus |
282.412 |
322.246 |
354.931 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
377.426 |
417.260 |
449.945 |
|
|
|
|
|
|
long-term borrowings |
32.837 |
16.196 |
17.034 |
|
Short term borrowings |
149.170 |
176.503 |
175.688 |
|
Total borrowings |
182.007 |
192.699 |
192.722 |
|
Debt/Equity ratio |
0.482 |
0.462 |
0.428 |
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) |
|
Sales |
512.667 |
571.517 |
549.043 |
|
|
|
11.479 |
-3.932 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
512.667 |
571.517 |
549.043 |
|
Profit |
9.901 |
39.834 |
32.686 |
|
|
1.93% |
6.97% |
5.95% |
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 |
No |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES [S ON 31.03.2014]
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10489187 |
22/04/2014 |
10,000,000.00 |
THE COSMOS CO-OPERATIVE BANK LTD |
THE COSMOS
CO-OPERATIVE BANK LTD, HANUMAN ROAD, OPP SHIV SAGAR,VILE PARLE EAST, MUMBAI,
MAHARASHTRA |
C02915874 |
|
2 |
10454040 |
10/10/2013 |
10,000,000.00 |
THE COSMOS CO-OPERATIVE BANK LIMITED PUNE |
VILE PARLE (E), MUMBAI, MAHARASHTRA - 400057, INDIA |
B87097085 |
|
3 |
10371176 |
31/05/2013 * |
7,500,000.00 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
1ST FLOOR, PRATIK AVENUE, NEHRU ROAD, VILE PARLE EAST, MUMBAI, MAHARASHTRA - 400057, INDIA |
B76535897 |
|
4 |
10355117 |
27/04/2012 |
20,000,000.00 |
THE COSMOS CO-OPERATIVE BANK LIMITED PUNE |
VILE PARLE (E), MUMBAI, MAHARASHTRA - 400057, INDIA |
B39444138 |
|
5 |
10343030 |
27/02/2012 |
7,500,000.00 |
THE COSMOS CO - OP BANK LIMITED |
VILE PARLE BRANCH, PRATIK AVENUE, NEHRU ROAD, OPP. SHIVSAGAR VILE PARLE (EAST), MUMBAI, MAHARASHTRA - 400057, INDIA |
B35396704 |
|
6 |
10308435 |
23/09/2011 |
7,500,000.00 |
THE COSMOS CO-OP BANK LTD |
VILE PARLE BRANCH, NEHRU ROAD,VILE PARLE EAST, MUMBAI, MAHARASHTRA - 400057, INDIA |
B21649223 |
|
7 |
10251913 |
28/10/2010 |
5,000,000.00 |
THE COSMOS CO-OP BANK LTD |
VILE PARLE BRANCH, NEHRU ROAD, VILE PARLE EAST, MUMBAI, MAHARASHTRA - 400057, INDIA |
A98860992 |
|
8 |
10253476 |
28/10/2010 |
15,000,000.00 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
VILE PARLE BRANCH, NEHRU ROAD, VILE PARLE EAST, MUMBAI, MAHARASHTRA - 400057, INDIA |
A99132607 |
|
9 |
10235905 |
30/07/2010 |
15,000,000.00 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
VILE PARLE BRANCH, NEHRU ROAD, VILE PARLE EAST, MUMBAI, MAHARASHTRA - 400057, INDIA |
A92585603 |
|
10 |
10184433 |
20/10/2009 |
10,000,000.00 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
VILE PARLE BRANCH, NEHRU ROAD, VILE PARLE EAST, MUMBAI, MAHARASHTRA - 400057, INDIA |
A72733736 |
|
11 |
80023088 |
18/01/2012 * |
30,000,000.00 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
VILE PARLE BRANCH, PRATIK AVENUE,, NEHRU ROAD, OPP. SHIVSAGAR VILE PARLE (EAST), MUMBAI, MAHARASHTRA - 400057, INDIA |
B32113615 |
|
12 |
80023089 |
14/03/2014 * |
400,000,000.00 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
VILE PARLE BRANCH, 45 SARASWATI NIWAS, HANUMAN ROAD, OPP SHIV SAGAR, VILE PARLE EAST, MUMBAI, MAHARASHTRA - 400057, INDIA |
C02914224 |
|
13 |
90232253 |
24/11/2003 * |
1,000,000.00 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
VILE PARLE BRANCH; 45 SARASWATI NIWAS, HANUMAN RD. VILE PARLE, MUMBAI, MAHARASHTRA - 400057, INDIA |
- |
|
14 |
90232228 |
09/10/2002 |
500,000.00 |
CITICORP FINANCE INDIA LIMITED |
1ST FLOOR; CITITOWER, 61. DR S.S. RAO ROAD, MUMBAI, MAHARASHTRA - 400012, INDIA |
- |
|
15 |
90226980 |
15/04/1999 * |
35,500,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LIMITED |
78; MOHAMMEDALI
RD., BOMBAY, MAHARASHTRA - 400003, |
- |
|
16 |
90229455 |
21/08/2002 * |
35,500,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LIMITED |
4TH FLOOR; UTTAM HOUSE, 69; P.D. MELLO ROAD, BOMBAY, MAHARASHTRA - 400009, INDIA |
- |
|
17 |
90229454 |
15/04/1999 * |
35,500,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LIMITED |
4TH FLOOR; UTTAM HOUSE, 69; P.D. MELLO ROAD, BOMBAY, MAHARASHTRA - 400009, INDIA |
- |
|
18 |
90226970 |
06/04/1999 * |
32,500,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LIMITED |
4TH FLOOR; UTTAM HOUSE, 69; P.D. MELLO ROAD, BOMBAY, MAHARASHTRA - 400009, INDIA |
- |
|
19 |
90229290 |
28/01/1998 * |
17,500,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LIMITED |
WESTERN REGION, 78. MOHAMEDALI ROAD, BOMBAY, MAHARASHTRA - 400003, INDIA |
- |
|
20 |
90229284 |
14/01/2002 * |
35,000,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LIMITED |
FOREIGN EXCHANGE DEPT., 69; P.D. MELLO ROAD, BOMBAY, MAHARASHTRA - 400009, INDIA |
- |
|
21 |
90229167 |
06/11/1997 * |
14,000,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LIMITED |
4TH FLOOR; UTTAM HOUSE, 69; P.D. MELLO ROAD, BOMBAY, MAHARASHTRA - 400009, INDIA |
- |
|
22 |
90229166 |
26/11/1997 * |
300,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LIMITED |
FOREIGN EXCHANGE DEPT., 69; P.D. MELLO ROAD, BOMBAY, MAHARASHTRA - 400009, INDIA |
- |
|
23 |
90229165 |
01/02/1997 |
14,000,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LIMITED |
4TH FLOOR; UTTAM HOUSE, 69; P.D. MELLO ROAD, BOMBAY, MAHARASHTRA - 400009, INDIA |
- |
|
24 |
90229107 |
02/09/1996 |
15,000,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LTD; |
WESTERN REGION, 78.
MOHAMEDALI ROAD, BOMBAY, MAHA |
- |
|
25 |
90226925 |
04/08/1997 * |
5,000,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LIMITED |
78; MOHAMMEDALI
RD., BOMBAY, MAHARASHTRA - 400003, |
- |
|
26 |
90229052 |
03/02/1997 * |
5,000,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LIMITED |
WESTERN REGION, 78. MOHAMEDALI ROAD, BOMBAY, MAHARASHTRA - 400003, INDIA |
- |
|
27 |
90229041 |
03/02/1996 |
165,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LIMITED |
78; MOHAMMEDALI
RD., BOMBAY, MAHARASHTRA - 400003, |
- |
|
28 |
90228976 |
09/02/1996 * |
5,500,000.00 |
BOMBAY MERCANTILE CO-OP. BANK LIMITED |
FOREIGN EXCHANGE DEPT., 69; P.D. MELLO ROAD, BOMBAY, MAHARASHTRA - 400009, INDIA |
- |
* Date of charge modification
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
|
|
|
|
Claims against the Company not acknowledged as debts |
NA |
25.670 |
FIXED ASSETS:
· Land at Daman
· Factory Premises
· Plant & Machinery
· Electrical Installations
· Mould & Dies
· Furniture
· Computers
· Office Equipments
· Motor Vehicles
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. 63.38 |
|
|
1 |
Rs. 97.65 |
|
Euro |
1 |
Rs. 70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.