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|
MIRA INFORM REPORT
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Report No. : |
501509 |
|
Report Date : |
02.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
KUMAR ARCH TECH PRIVATE LIMITED |
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Registered
Office : |
D-93, Akash Co-Operative Housing Society, Near Judges Bunglow, Premchand
Nagar, Bodakdev, Vastrapur, Ahmedabad – 380054, Gujarat |
|
Tel. No.: |
91-294-2411908, 2526488, 2524334 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
23.02.1998 |
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Com. Reg. No.: |
04-033735 |
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Capital
Investment / Paid-up Capital : |
INR 57.275 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U36999GJ1998PTC033735 |
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|
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IEC No.: [Import-Export Code No.] |
0801005825 |
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GSTN : [Goods & Service Tax
Registration No.] |
08AABCK6032C1ZZ |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCK6032C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing
and Dealing in products made paper, plastics, foils, reinforced plastics,
polyurethane, fibre glass, epoxy and other thermosetting resins. [Registered
Activity] |
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|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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Maximum Credit Limit : |
USD 500000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1998. It is a manufacturer of rigid foam and free foam PVC sheets and doors. Management has
failed to file its financial with the Registrar of Companies for the FY 2017. For the financial year 2016, the company has achieved growth in its revenue by 12.79% as compared to the previous year along with a profit margin of 0.89%. The sound financial risk profile of the company is marked by adequate net worth base along with low debt balance sheet profile. Rating takes into account the subject’s long established track record of business operations along with extensive experience of its promoters. The ratings, however, continue to remain constrained on account of its weak liquidity position in the highly competitive and fragmented nature of the industry with demand of PVC sheets linked to the cyclical real estate sector. Payments seems to be usually correct. In view of aforesaid, the company can be considered 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities : BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
26.03.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities : A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
26.03.2018 |
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
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is not
listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 02.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (TEL NO.:
91-294-2411908)
LOCATIONS
|
Registered Office : |
D-93, Akash Co-Operative Housing Society, Near Judges Bunglow, Premchand
Nagar, Bodakdev, Vastrapur, Ahmedabad – 380 054, Gujarat, India |
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Tel No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 1 : |
E-37, RIICO, Gudli Industrial Area, Gudli, Tehsil Mavli, District
Udaipur – 313 001, Rajasthan, India |
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Factory 2 : |
E-92, RIICO, Gudli Industrial Area, Gudli, Tehsil Mavli, District
Udaipur – 313 001, Rajasthan, India |
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Factory 3 : |
B-2, RIICO, Gudli Industrial Area, Gudli, Tehsil Mavli, District
Udaipur – 313 024, Rajasthan, India |
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Branch Office 1 : |
11-A, Shubham Complex, 1st Floor, New Fatehpura, Udaipur –
313 004, Rajasthan, India |
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Branch Office 2 : |
2nd Floor, 205, Shubham Complex, 11-A, New Fatehpura,
Udaipur – 313 004, Rajasthan, India |
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Tel. No.: |
91-294-2411908, 2526488, 2524334 |
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Fax No.: |
91-294-2524334 |
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E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Shubham Jitendrakumar Taylia |
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Designation : |
Director |
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Address : |
G-1, Vinayak Apartment, 4A, New Fathepura, |
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Date of Birth/Age : |
10.09.1989 |
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Qualification: |
M.B.A |
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Date of Appointment : |
12.11.2008 |
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DIN No.: |
02416429 |
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PAN No.: |
AGGPT0092D |
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Other Directorship:
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Name : |
Mrs. Surbhi Jitendrakumar Taylia |
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Designation : |
Director |
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Address : |
50, Near Bapu Bazar, Udaipur – 313 001, Rajasthan, India |
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Date of Birth/Age : |
12.05.1980 |
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Qualification: |
M.B.A |
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Date of Appointment : |
15.01.2013 |
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DIN No.: |
02000596 |
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||||||||||||||||
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Name : |
Shakun Taylia |
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Designation : |
Director |
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Address : |
G-1, Vinayak Complex 4-A, New Fathapura, Udaipur-313004, |
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Date of Birth/Age : |
16.11.1983 |
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Qualification: |
M.B.A |
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Date of Appointment : |
16.02.2016 |
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DIN No.: |
01974241 |
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Pan No.: |
AFXPT3229G |
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Other
Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Vinod |
|
Designation : |
Export Import Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
NOTE: SHAREHOLDERS DETAILS FILE ATTACHED
AS ON 16.09.2016
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
32.66 |
|
Promoters – [Foreign institutional investors] |
10.56 |
|
Promoters – [Bodies corporate] |
36.72 |
|
Promoters – [Others - FIRM] |
6.29 |
|
Public/Other than promoters - [Individual/Hindu Undivided Family – Indian] |
10.64 |
|
Public/Other than promoters - [Bodies corporate] |
2.30 |
|
Public/Other Than Promoters – [Others - Trust, Hospital etc.] |
0.83 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
and Dealing in products made paper, plastics, foils, reinforced plastics,
polyurethane, fibre glass, epoxy and other thermosetting resins. [Registered
Activity] |
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Products / 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 denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
R.R.S. and Associates Chartered Accountants |
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Address : |
D-93, Aakash Co-Operative Housing Society, Premchand Nagar, Vastrapur, Ahemdabad - 380009, Gujarat, India |
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PAN No.: |
AAFFR0472A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate |
M.M Thermoplast Private Limited India |
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|
|
Enterprises which
are owned, or have significant influence of or are partners with Key Management
personnel and their relatives: |
[CIN NO.: U25209RJ1993PTC007854] |
CAPITAL STRUCTURE
AS ON 16.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5727540 |
Equity Shares |
INR 10/- each |
INR 57.275 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
57.275 |
49.775 |
49.775 |
|
(b) Reserves &
Surplus |
125.306 |
104.542 |
104.470 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
12.500 |
18.500 |
|
Total Shareholders’ Funds
(1) + (2) |
182.581 |
166.817 |
172.745 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
97.843 |
111.747 |
101.052 |
|
(b) Deferred tax
liabilities (Net) |
23.116 |
21.226 |
19.935 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.412 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
121.371 |
132.973 |
120.987 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
115.859 |
115.674 |
94.129 |
|
(b) Trade payables |
106.234 |
155.033 |
93.597 |
|
(c) Other current
liabilities |
60.509 |
30.956 |
31.279 |
|
(d) Short-term provisions |
9.279 |
8.420 |
10.384 |
|
Total Current Liabilities
(4) |
291.881 |
310.083 |
229.389 |
|
|
|
|
|
|
TOTAL |
595.833 |
609.873 |
523.121 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
219.751 |
199.715 |
215.899 |
|
(ii) Intangible Assets |
0.132 |
0.182 |
0.052 |
|
(iii) Capital
work-in-progress |
0.000 |
33.260 |
19.482 |
|
(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 |
12.753 |
10.140 |
11.452 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
232.636 |
243.297 |
246.885 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
129.648 |
124.651 |
128.508 |
|
(c) Trade receivables |
148.084 |
185.805 |
105.987 |
|
(d) Cash and cash
equivalents |
33.983 |
14.236 |
12.445 |
|
(e) Short-term loans and
advances |
51.482 |
41.884 |
29.296 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
363.197 |
366.576 |
276.236 |
|
|
|
|
|
|
TOTAL |
595.833 |
609.873 |
523.121 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
560.196 |
496.666 |
488.207 |
|
|
Other Income |
2.204 |
1.944 |
2.078 |
|
|
TOTAL |
562.400 |
498.610 |
490.285 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
355.327 |
331.311 |
305.674 |
|
|
Purchases of
Stock-in-Trade |
102.339 |
70.359 |
78.477 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(12.612) |
(4.875) |
5.904 |
|
|
Employees benefits
expense |
10.773 |
8.537 |
8.422 |
|
|
Other expenses |
52.483 |
51.895 |
47.212 |
|
|
TOTAL |
508.310 |
457.227 |
445.689 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
54.090 |
41.383 |
44.596 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
30.239 |
23.553 |
22.718 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
23.851 |
17.830 |
21.878 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
16.834 |
15.848 |
11.127 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
7.017 |
1.982 |
10.751 |
|
|
|
|
|
|
|
Less |
TAX |
2.003 |
1.485 |
3.993 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
5.014 |
0.497 |
6.758 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
135.667 |
134.111 |
89.883 |
|
|
TOTAL EARNINGS |
135.667 |
134.111 |
89.883 |
|
|
|
|
|
|
|
|
CIF Value of
Imports |
151.538 |
109.728 |
115.999 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.01 |
0.10 |
1.37 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
23.700 |
23.800 |
20.165 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
51.748 |
5.693 |
45.090 |
|
Net cash flows from (used in) operating activities |
48.011 |
2.063 |
43.460 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
96.49 |
136.55 |
79.24 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
3.78 |
2.67 |
4.61 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
84.72 |
140.88 |
88.93 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.42 |
0.33 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.25 |
0.18 |
0.19 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.69 |
0.73 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.30 |
1.51 |
1.25 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.60 |
1.86 |
1.33 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.20 |
1.40 |
1.36 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.79 |
1.76 |
1.96 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
0.90 |
0.10 |
1.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.84 |
0.08 |
1.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.75 |
0.30 |
3.91 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.24 |
1.18 |
1.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.80 |
0.78 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.31 |
0.27 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.14 |
5.05 |
4.33 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.24 |
1.18 |
1.20 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
49.775 |
49.775 |
57.275 |
|
Reserves & Surplus |
104.470 |
104.542 |
125.306 |
|
Share Application money pending allotment |
18.500 |
12.500 |
0.000 |
|
Net
worth |
172.745 |
166.817 |
182.581 |
|
|
|
|
|
|
Long Term borrowings |
101.052 |
111.747 |
97.843 |
|
Short Term borrowings |
94.129 |
115.674 |
115.859 |
|
Current Maturities of Long term debt |
20.165 |
23.800 |
23.700 |
|
Total
borrowings |
215.346 |
251.221 |
237.402 |
|
Debt/Equity
ratio |
1.247 |
1.506 |
1.300 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
488.207 |
496.666 |
560.196 |
|
|
|
1.733 |
12.791 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
488.207 |
496.666 |
560.196 |
|
Profit |
6.758 |
0.497 |
5.014 |
|
|
1.38% |
0.10% |
0.90% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
No |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Deposits from directors |
49.964 |
43.314 |
|
Deposits from shareholders |
39.994 |
36.843 |
|
Intercorporate deposits |
7.885 |
7.886 |
|
Total |
97.843 |
88.043 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G33627316 |
10184384 |
STATE BANK OF BIKANER & JAIPUR |
24/09/2009 |
22/12/2016 |
- |
236700000.0 |
SHASTRI CIRCLE, UDAIPUR – 313001, RAJASTHAN, INDIA |
|
2 |
A15404361 |
10053641 |
ICICI BANK LTD |
21/04/2007 |
- |
- |
1040000.0 |
2-C, MADHUBAN, UDAIPUR – 313001, RAJASTHAN, INDIA |
|
3 |
A76100098 |
10061219 |
PUNJAB & SIND BANK |
11/07/2007 |
- |
17/12/2009 |
32500000.0 |
215, SHAKTI NAGAR, UDAIPUR – 313001, RAJASTHAN, INDIA |
|
4 |
A76098987 |
10061132 |
PUNJAB & SIND BANK |
11/07/2007 |
- |
17/12/2009 |
3000000.0 |
215, SHAKTI NAGAR, UDAIPUR – 313001, RAJASTHAN, INDIA |
|
5 |
A76099738 |
10061129 |
PUNJAB & SIND BANK |
11/07/2007 |
- |
17/12/2009 |
2000000.0 |
215, SHAKTI NAGAR, UDAIPUR – 313001, RAJASTHAN, INDIA |
|
6 |
A19540285 |
10005313 |
ANDHRA BANK |
25/05/2006 |
- |
21/07/2007 |
21000000.0 |
SHAKTI NAGAR CORNER UDAIPU – 313001, RAJASTHAN, INDIA |
|
7 |
A19540905 |
80004582 |
ANDHRA BANK |
27/08/2002 |
25/05/2006 |
21/07/2007 |
15000000.0 |
SHAKTI NAGAR CORNER, UDAIPU – 313001, RAJASTHAN, INDIA |
|
8 |
A19542828 |
80004585 |
ANDHRA BANK |
27/08/2002 |
25/05/2006 |
21/07/2007 |
15000000.0 |
SHAKTI NAGAR CORNER, UDAIPU – 313001, RAJASTHAN, INDIA |
|
9 |
A19541564 |
80004583 |
ANDHRA BANK |
27/08/2002 |
25/05/2006 |
21/07/2007 |
15000000.0 |
SHAKTI NAGAR CORNER, UDAIPU- 313001, RAJASTHAN, INDIA |
FIXED ASSETS:
Tangible Assets
- Building
- Residential building
- Office building
- Plant and equipment
- Furniture and Fixture
- Vehicles
- Motor vehicles
- Office equipment
- Computer Equipments
- Land
- Leasehold improvements
Intangible assets
- Brands and trade marks
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
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.