|
|
|
MIRA INFORM REPORT
|
Report No. : |
501547 |
|
Report Date : |
02.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SIMPOLO VITRIFIED PRIVATE LIMITED (w.e.f. 30.11.2010) |
|
|
|
|
Formerly Known
As : |
SIMPOLO
VITRIFIED LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 606, Taluka Morbi, Ghuntu – 363642, Gujarat |
|
Tel. No.: |
91-2822-242122 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
18.09.2007 |
|
|
|
|
Com. Reg. No.: |
04-051766 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 30.340 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26914GJ2007PTC051766 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
2407006496 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS1872N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Line of Business
: |
Manufacturing, Trading and Dealing in all types of Tiles and Ceramic items. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined 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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2007 and it is having fine track. Management of the company has not filed its financials of 2017 with government department. As per available financials of 2016, the company has increased its revenue from operations as compared to previous year and maintained decent profit margin of 4.43% Rating takes into consideration sound financial profile of the company marked by healthy networth base along with low debt balance sheet. However, rating strength partially offset by decline in the profitability during the year and highly competitive nature of the ceramic industry marked by presence of large organized players as well as numerous small scale tiles manufacturers. Trade relations are reported as fair. Business is active. Payments are seems to be regular. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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.: 91-2822-242122)
LOCATIONS
|
Registered Office/ Factory : |
Survey No. 606, Taluka Morbi, Ghuntu – 363642, Gujarat, India |
|
Tel. No.: |
91-2822-242122 |
|
Mobile No.: |
91-7573040449 (Mr. Chirag) 91-9373464001 (Mr. Hemil Dani) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office 1 : |
31/R, Shri Laxmi Jyot Premises
Co-Operative Society Limited, Laxmi Industrial Estate, New Link Road, Andheri
(West), Mumbai - 400053, Maharashtra, India |
|
|
|
|
Branch Office 2 : |
Old Ghuntu Road, Morbi - 363 642, Gujarat, India |
|
Tel. No.: |
91-2822-242122/ 241622 /243622 |
|
Fax No.: |
91-2822-243122 |
|
|
|
|
Branch Offices : |
Also Located at: · Ahmedabad · Delhi · Cochin |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr.
Jitendra Thakershibhai Aghara |
|
Designation : |
Managing Director |
|
Address : |
"Sneh Milan". Somnath Society, Near Pran Nagar, Ravapar
Road, Morbi - 363641, Gujarat, India |
|
Date of Birth/Age : |
28.08.1969 |
|
Qualification : |
B.
Com |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
ABQPA8653E |
|
DIN No.: |
00211915 |
|
|
|
|
Name : |
Mr. Mansukhbhai Tribhovanbhai Kaila |
|
Designation : |
Whole-time Director |
|
Address : |
New Plot, (Tal. Morbi) (Dist. Rajkot) Ghuntu, Morbi – 363642, Gujarat, India |
|
Date of Birth/Age : |
13.09.1963 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
00142699 |
|
|
|
|
Name : |
Mr. Dhirajlal Thobhanbhai Aghara |
|
Designation : |
Whole-time Director |
|
Address : |
Shrimad Society, PPW Road, Morbi - 363642, Gujarat, India |
|
Date of Birth/Age : |
02.11.1977 |
|
Date of Appointment : |
18.09.2007 |
|
DIN No.: |
01642981 |
|
|
|
|
Name : |
Mr. Kapilbhai Karamshibhai Aghara |
|
Designation : |
Whole-time Director |
|
Address : |
Anupam Society, Nazar Baug Road, Morbi - 363642, Gujarat, India |
|
Date of Birth/Age : |
23.03.1983 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AGMPA5493P |
|
DIN No.: |
02611829 |
|
|
|
|
Name : |
Mr. Dharmveer Mandrup Singh |
|
Designation : |
Whole-time Director |
|
Address : |
Ambica Society. B/h OBC, Soma Kanth, Morbi - 363642, Gujarat, India |
|
Date of Birth/Age : |
20.07.1974 |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
BEWPS8057Q |
|
DIN No.: |
02611922 |
|
|
|
|
Name : |
Ms. Taraben Vijaybhai Sitapara |
|
Designation : |
Whole-time Director |
|
Address : |
Ravapar Road 3-Anupam Society, Morbi-363641, Gujarat, India |
|
Date of Birth/Age : |
13.02.1976 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
BHXPS9015A |
|
DIN No.: |
02612597 |
|
|
|
|
Name : |
Mr. Narshibhai Gandubhai Aghara |
|
Designation : |
Director |
|
Address : |
"Bansi”, Sornnath Society, Ravapar Road, Morbi - 363641, Gujarat,
India |
|
Date of Birth/Age : |
16.12.1961 |
|
Date of Appointment : |
01.01.2011 |
|
DIN No.: |
00142650 |
|
|
|
|
Name : |
Mr. Dharmendra Thakershi Patel |
|
Designation : |
Director |
|
Address : |
Somnath Society, Ravapar Road, Morbi - 363641, Gujarat, India |
|
Date of Birth/Age : |
01.01.1975 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
17.12.2011 |
|
DIN No.: |
00402598 |
|
|
|
|
Name : |
Mr. Bharat Thakershibhai Aghara |
|
Designation : |
Director |
|
Address : |
Sneh Milan, Somnath Society, Ravapar Road, Morbi - 363641, Gujarat,
India |
|
Date of Birth/Age : |
13.05.1981 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
01.01.2011 |
|
PAN No.: |
ABQPA8651G |
|
DIN No.: |
01920820 |
|
|
|
|
Name : |
Mr. Prakash Gordhanbhai Aghara |
|
Designation : |
Director |
|
Address : |
Bhadiyad, Morbi - 363642, Gujarat, India |
|
Date of Birth/Age : |
17.06.1986 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
02611815 |
|
|
|
|
Name : |
Mr. Dileshkumar Gordhanbhai Patel |
|
Designation : |
Director |
|
Address : |
Matruchhaya, Plot No. 89, Ward – 2B, Adipur – 370205, Kutch, Gujarat,
India |
|
Date of Birth/Age : |
21.06.1976 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
01.01.2011 |
|
PAN No.: |
AAOPP4484D |
|
DIN No.: |
03362874 |
KEY EXECUTIVES
|
Name : |
Mr. Hemil Dani |
|
Designation : |
Marketing and Sales Department |
|
|
|
|
Name : |
Mr. Devang Dubey |
|
Designation : |
Showroom Assistant |
|
|
|
|
Name : |
Mr. Milan Vaghela |
|
Designation : |
Commercial (Chief Executive Officer) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Trading and Dealing in all types of Tiles and Ceramic items. (Registered Activity) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : (As 2016) |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
M.J. Rindani and Associates Chartered Accountants |
|
Address : |
205, Trade Centre, Sardarnagar Main Road, Rajkot - 360001, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFM6993K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate : (As on 31.03.2016) |
Nexion International Private Limited (CIN No.: U26933GJ2014PTC081644) |
|
|
|
|
Other Related
Parties : (As on 31.03.2016) |
|
CAPITAL STRUCTURE
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3034000 |
Equity Shares |
INR 10/- each |
INR 30.340
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
30.340 |
30.340 |
30.340 |
|
(b) Reserves &
Surplus |
819.394 |
704.464 |
490.588 |
|
(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) |
849.734 |
734.804 |
520.928 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
107.105 |
128.766 |
60.315 |
|
(b) Deferred tax
liabilities (Net) |
44.728 |
36.954 |
25.692 |
|
(c) Other long term
liabilities |
2.084 |
3.398 |
30.328 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
153.917 |
169.118 |
116.335 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
569.239 |
330.051 |
290.431 |
|
(b) Trade payables |
259.776 |
248.903 |
115.969 |
|
(c) Other current
liabilities |
34.783 |
19.434 |
186.791 |
|
(d) Short-term provisions |
186.162 |
102.585 |
1.800 |
|
Total Current Liabilities
(4) |
1049.960 |
700.973 |
594.991 |
|
|
|
|
|
|
TOTAL |
2053.611 |
1604.895 |
1232.254 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
622.182 |
588.449 |
558.982 |
|
(ii) Intangible Assets |
0.109 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
11.600 |
1.051 |
15.354 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
159.999 |
60.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.163 |
1.861 |
0.834 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
796.053 |
651.361 |
575.170 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.533 |
0.551 |
0.500 |
|
(b) Inventories |
384.468 |
332.324 |
214.538 |
|
(c) Trade receivables |
573.928 |
431.303 |
357.078 |
|
(d) Cash and cash
equivalents |
62.579 |
80.211 |
42.936 |
|
(e) Short-term loans and
advances |
234.508 |
108.149 |
40.586 |
|
(f) Other current assets |
1.542 |
0.996 |
1.446 |
|
Total Current Assets |
1257.558 |
953.534 |
657.084 |
|
|
|
|
|
|
TOTAL |
2053.611 |
1604.895 |
1232.254 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
2595.657 |
2364.020 |
1631.827 |
|
|
Other Income |
8.704 |
8.713 |
9.337 |
|
|
TOTAL |
2604.361 |
2372.733 |
1641.164 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
587.527 |
532.902 |
405.404 |
|
|
Purchases of
Stock-in-Trade |
649.200 |
426.258 |
187.526 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(59.487) |
(79.649) |
53.521 |
|
|
Employees benefits
expense |
157.779 |
66.908 |
110.231 |
|
|
Other expenses |
932.161 |
957.867 |
644.023 |
|
|
CSR expenditure |
1.070 |
0.000 |
0.000 |
|
|
Exceptional items |
17.179 |
6.843 |
0.000 |
|
|
TOTAL |
2285.429 |
1911.129 |
1400.705 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
318.932 |
461.604 |
240.459 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
53.717 |
51.878 |
57.281 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
265.215 |
409.726 |
183.178 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
77.810 |
81.717 |
91.765 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
187.405 |
328.009 |
91.413 |
|
|
|
|
|
|
|
Less |
TAX |
72.475 |
113.386 |
32.757 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
114.930 |
214.623 |
58.656 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
37.88 |
70.74 |
19.33 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
296.627 |
203.292 |
346.347 |
|
Net cash flow from operating activity |
296.627 |
203.292 |
270.139 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
80.71 |
66.59 |
79.87 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
4.52 |
5.48 |
4.57 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
76.67 |
94.72 |
71.39 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.83 |
1.39 |
1.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.50 |
0.78 |
0.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.56 |
0.52 |
0.53 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.80 |
0.62 |
0.67 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.24 |
0.95 |
1.14 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.75 |
0.80 |
1.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.94 |
8.90 |
4.20 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
4.43 |
9.08 |
3.59 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.60 |
13.37 |
4.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.53 |
29.21 |
11.26 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.20 |
1.36 |
1.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.83 |
0.89 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.41 |
0.46 |
0.42 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
22.29 |
15.12 |
11.56 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.20 |
1.36 |
1.10 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
30.340 |
30.340 |
30.340 |
|
Reserves & Surplus |
490.588 |
704.464 |
819.394 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
520.928 |
734.804 |
849.734 |
|
|
|
|
|
|
long-term borrowings |
60.315 |
128.766 |
107.105 |
|
Short term borrowings |
290.431 |
330.051 |
569.239 |
|
Total borrowings |
350.746 |
458.817 |
676.344 |
|
Debt/Equity ratio |
0.673 |
0.624 |
0.796 |
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 |
1631.827 |
2364.020 |
2595.657 |
|
|
|
44.870 |
9.798 |
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 |
1631.827 |
2364.020 |
2595.657 |
|
Profit |
58.656 |
214.623 |
114.930 |
|
|
3.59% |
9.08% |
4.43% |
ABRIDGED
BALANCE SHEET - CONSOLIDATED
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
30.340 |
30.340 |
|
(b) Reserves &
Surplus |
|
988.387 |
703.525 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
1018.727 |
733.865 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
186.723 |
128.766 |
|
(b) Deferred tax
liabilities (Net) |
|
44.663 |
36.954 |
|
(c) Other long term
liabilities |
|
2.084 |
3.398 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
233.470 |
169.118 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
569.239 |
330.051 |
|
(b) Trade payables |
|
597.299 |
248.903 |
|
(c) Other current
liabilities |
|
38.653 |
19.434 |
|
(d) Short-term provisions |
|
186.259 |
102.585 |
|
Total Current Liabilities
(4) |
|
1391.450 |
700.973 |
|
|
|
|
|
|
TOTAL |
|
2643.647 |
1603.956 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
641.646 |
619.637 |
|
(ii) Intangible Assets |
|
83.824 |
0.000 |
|
(iii) Capital
work-in-progress |
|
609.009 |
1.051 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
4.177 |
1.861 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
1338.656 |
622.549 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.533 |
0.551 |
|
(b) Inventories |
|
388.897 |
332.324 |
|
(c) Trade receivables |
|
574.325 |
431.303 |
|
(d) Cash and cash
equivalents |
|
86.527 |
108.084 |
|
(e) Short-term loans and
advances |
|
252.891 |
108.149 |
|
(f) Other current assets |
|
1.818 |
0.996 |
|
Total Current Assets |
|
1304.991 |
981.407 |
|
|
|
|
|
|
TOTAL |
|
2643.647 |
1603.956 |
PROFIT
& LOSS ACCOUNT - CONSOLIDATED
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
2595.657 |
2364.020 |
|
|
Other Income |
|
11.535 |
8.713 |
|
|
TOTAL |
|
2607.192 |
2372.733 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
587.527 |
532.902 |
|
|
Purchases of
Stock-in-Trade |
|
649.200 |
426.258 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(59.486) |
(79.649) |
|
|
Employees benefits
expense |
|
158.875 |
66.908 |
|
|
Other expenses |
|
937.372 |
958.806 |
|
|
Exceptional items |
|
17.179 |
6.843 |
|
|
TOTAL |
|
2290.667 |
1912.068 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
316.525 |
460.665 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
53.852 |
51.878 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
262.673 |
408.787 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
77.918 |
81.717 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
184.755 |
327.070 |
|
|
|
|
|
|
|
Less |
TAX |
|
73.335 |
113.387 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
111.420 |
213.683 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
37.00 |
70.00 |
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 |
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 |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
81.983 |
86.766 |
|
Loans and advances from others |
24.522 |
40.044 |
|
Total |
106.505 |
126.810 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C76448356 |
10614490 |
ICICI BANK LIMITED |
11/01/2016 |
- |
- |
750000000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
|
2 |
C78659091 |
10619345 |
ICICI BANK LIMITED |
11/01/2016 |
- |
- |
10000000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
|
3 |
C74624982 |
10610433 |
ICICI BANK LIMITED |
30/12/2015 |
- |
- |
740000000.0 |
9th Floor, JMC House Opp. Parimal Garden, Ambawadi Ahmedabad GUJARAT 380006 INDIA |
|
4 |
C74581158 |
10610622 |
ICICI BANK LIMITED |
30/12/2015 |
- |
- |
740000000.0 |
9th Floor, JMC House Opp. Parimal Garden, Ambawadi Ahmedabad GUJARAT 380006 INDIA |
|
5 |
C76880061 |
10095209 |
State Bank of India |
31/01/2008 |
14/03/2014 |
15/01/2016 |
1958200000.0 |
Lalpar Branch8 - A, National Highway Morbi GUJARAT 363642 INDIA |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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 records 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 : |
GYA |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
YES |
|
--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.