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MIRA INFORM REPORT
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Report No. : |
501644 |
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Report Date : |
04.04.2018 |
IDENTIFICATION DETAILS
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Name : |
AROMA ORGANICS LIMITED |
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Formerly Known
As : |
AROMA ORGANICS PRIVATE LIMITED |
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Registered
Office : |
No. 11 Gola Cottage, 4598/12-B, 2nd Floor, Ansari Road, Darya Ganj, New Delhi-110002 |
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Tel. No.: |
91-22-42847777 / 25575010 / 11 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
24.03.1987 |
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Com. Reg. No.: |
11-027388 |
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Capital
Investment / Paid-up Capital : |
INR 9.850 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1987PLC027388 |
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IEC No.: |
0393033830 |
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GSTIN : |
33AAACA5370J1ZV |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACA5370J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in business of Bulk Import and Trading in Chemicals and Power Generation by Wind Energy Generator. [Registered Activity and also Confirmed by Management] |
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No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 300000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established incorporated in the year 1987 having good
track. For the financial year ended 2017, the company has witnessed a healthy
growth in its revenue and reported profit margin at 1.93% (approx.). The company sound financial profile is reflected by healthy net worth
base along with low debt level of the company. The company also derives strength from its long established track
record of business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitments. 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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 04.04.2018.
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 PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Mohit Jain |
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Designation : |
Director |
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Contact No.: |
91-9810069964 |
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Date : |
03.04.2018 |
LOCATIONS
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Registered Office : |
No. 11 Gola Cottage, 4598/12-B, 2nd Floor, Ansari Road, Darya Ganj, New Delhi-110002, India |
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Tel. No.: |
91-22-42847777/ 25575010/ 11 |
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Mobile No.: |
91-9884000631 (Mr. Velayudham) 91-9810069964 (Mr. Mohit Jain) |
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Fax No.: |
91-22-25564200 |
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E-Mail : |
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Website : |
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Corporate Office : |
110, Krishna Bhavan Annex, 22/B, Shivji Devshi Marg, Deonar, Mumbai-400088, Maharashtra, India |
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Tel. No.: |
91-22-42847777 / 25575010 / 11 |
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Fax No.: |
91-22-25564200 |
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Head Office : |
106-110, Krishna Bhavan Annex, Bhaktakavi Shivji Devshi Marg, 22, Deonar,
Mumbai-400088, Maharashtra, India |
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Branch office 1 : |
Survey No. 194/3, Village Rampura Taluka Rajula, Amreli District-365560, Gujarat, India |
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Branch office 2 : |
102, Shreeji Mahal Apartment, Opposite Khandel A, Market, Raj Mahal Road, Vadodara-390001,Gujarat, India |
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Branch office 3 : |
Plot No.196/8/A, Gala No.01, 2nd P Hase GIDC, District Valsad-396195, Gujarat, India |
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Branch office 4 : |
173/E-3, Sur.No.534, Mahatma Gandhi Road, Kumbar Faliya, Village Dabhel Daman, Daman and Diu-396210, India |
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Branch office 5 : |
Godown No.155-5/155-6, Survey No.284, Demni Road, Dadra Silvassa, Dadra and Nagar Haveli-396230, India |
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Branch office 6 : |
Plot No C-343, T.T.C. Industrial Area, MIDC Village Pawne, Navi Mumbai-400703, Maharashtra, India |
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Branch office 7 : |
Survey No 73, 74, 75 and 77, At VeshvI, Post Dighode, Taluka Uran, Navi Mumbai-400706, Maharashtra, India |
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Branch office 8 : |
Flat No. B, Anandha Villa, No.12/8, 9th Avenue, Ashok Nagar, Chennai-600083, Tamilnadu, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Suneel Kumar Jain |
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Designation : |
Director |
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Address : |
15, Mount View Society, Sion, Trombay Road, Mankhurd, Mumbai-400088, Maharashtra, India |
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Date of Birth/Age : |
06.02.1953 |
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Qualification : |
B.Sc. |
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Date of Appointment : |
09.07.1990 |
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PAN No.: |
ADJPJ1096R |
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DIN No.: |
01080801 |
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Other Directorship:
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Name : |
Ms. Punam Jain |
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Designation : |
Director |
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Address : |
15, Mount View Society, Sion, Trombay Road, Mankhurd, Mumbai-400088, Maharashtra, India |
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Date of Birth/Age : |
31.05.1958 |
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Qualification : |
MA |
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Date of Appointment : |
18.07.2001 |
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PAN No.: |
AAEPJ1795M |
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DIN No.: |
01080267 |
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Other Directorship:
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Name : |
Mr. Mohit Jain |
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Designation : |
Director |
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Address : |
10, Sehgal Colony, Court Lane, Civil Lines, Delhi-110054, India |
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Date of Birth/Age : |
15.07.1970 |
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Qualification : |
B.Com |
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Date of Appointment : |
20.10.1999 |
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PAN No.: |
ADCPJ4826C |
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DIN No.: |
01154205 |
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Other Directorship:
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Name : |
Mr. Rajendra Madhusudan Pradhan |
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Designation : |
Director |
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Address : |
28, Mount View Chs., Behind Central Bank, Sion Trombay Road, Mankhurd (East), Mumbai-400088, Maharashtra, India |
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Date of Appointment : |
03.12.2016 |
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DIN No.: |
00679267 |
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Other Directorship:
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Name : |
Mr. Vijay Dinkar Tikekar |
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Designation : |
Director |
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Address : |
404, Rajmahal Society Aradhana Talkies Road, Panchpakhadi, Thane-400602, Maharashtra, India |
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Date of Appointment : |
03.12.2016 |
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DIN No.: |
00678210 |
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KEY EXECUTIVES
|
Name : |
Mr. Velayudham |
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Designation : |
Sales and Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
Ordinary
Equity Shares |
Differential
Equity Shares |
Total No. of
Equity Shares |
|
Suneel Kumar Jain |
253485 |
84495 |
337980 |
|
Punam Jain |
315455 |
105000 |
420455 |
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Suneel Kumar Jain (HUF) |
74550 |
25000 |
99550 |
|
Rashi Jain |
48750 |
16250 |
65000 |
|
Ruchi Jain |
35260 |
11755 |
47015 |
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Mohit Jain |
7500 |
2500 |
10000 |
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Prakashchand Jain |
3750 |
1250 |
5000 |
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Total |
738750 |
246250 |
985000 |
AS ON: 22.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
88.12 |
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Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
11.88 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in business of Bulk Import and Trading in Chemicals and Power Generation by Wind Energy Generator. [Registered Activity and also Confirmed by Management] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· Korea · Taiwan |
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Terms : |
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Selling : |
Cash, L/C and Cheque |
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Purchasing : |
Cash, L/C and Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
45 [Approximately] |
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Bankers : |
· Standard Chartered Bank Crescenzo, 3A/F, Plot no. C-38 and 39G Block, Bandra Kurla Complex, Bandra East, Mumbai - 400051, Maharashtra, India · Canara Bank Melo Road, Mumbai - 400001, Maharashtra, India |
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Facilities : |
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Financial Institution: |
· Indian Renewable Energy Development Agency Limited Core 4A, East Court, 1st Floor, India Habitat Centre, Lodi Road, New Delhi - 110003, India |
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Auditors : |
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Name : |
Jotsinghani and Company Chartered Accountants |
|
Address : |
46/2248, Suprabhat Chs, Next To Mhada, Kalanagar, Bandra (East), Mumbai, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AADPJ1787G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Parties : |
· Vibgyor Securities Private Limited [U65990MH1997PTC105417] · Aadhunik Rasayan Private Limited [U51109DL2000PTC106391] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1125000 |
Ordinary Equity Shares |
INR 10/- each |
INR 11.250 Million |
|
375000 |
Differential Equity Shares |
INR 10/- each |
INR 3.750 Million |
|
|
Total |
|
INR 15.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
738750 |
Ordinary Equity Shares |
INR 10/- each |
INR 7.388 Million |
|
246250 |
Differential Equity Shares |
INR 10/- each |
INR 2.462 Million |
|
|
Total |
|
INR 9.850
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.850 |
9.850 |
9.850 |
|
(b) Reserves and Surplus |
95.050 |
70.319 |
66.525 |
|
(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) |
104.900 |
80.169 |
76.375 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
50.697 |
8.697 |
13.753 |
|
(b) Deferred tax liabilities (Net) |
0.752 |
2.152 |
1.839 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
51.449 |
10.849 |
15.592 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
6.637 |
4.277 |
12.053 |
|
(b) Trade
payables |
181.013 |
113.547 |
179.187 |
|
(c) Other
current liabilities |
2.486 |
0.017 |
0.018 |
|
(d) Short-term
provisions |
20.215 |
6.039 |
6.974 |
|
Total Current
Liabilities (4) |
210.351 |
123.880 |
198.232 |
|
|
|
|
|
|
TOTAL |
366.700 |
214.898 |
290.199 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
114.413 |
44.134 |
45.523 |
|
(ii)
Intangible Assets |
0.012 |
0.143 |
0.168 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
15.575 |
16.733 |
0.200 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
4.036 |
17.955 |
16.879 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
134.036 |
78.965 |
62.770 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.008 |
0.010 |
0.010 |
|
(b)
Inventories |
43.990 |
21.801 |
40.952 |
|
(c) Trade
receivables |
168.125 |
109.742 |
144.943 |
|
(d) Cash and
bank balances |
12.765 |
1.309 |
38.797 |
|
(e)
Short-term loans and advances |
7.776 |
3.071 |
2.727 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
232.664 |
135.933 |
227.429 |
|
|
|
|
|
|
TOTAL |
366.700 |
214.898 |
290.199 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1345.033 |
1066.594 |
976.102 |
|
|
Other Income |
1.416 |
0.000 |
9.545 |
|
|
TOTAL |
1346.449 |
1066.594 |
985.647 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
1284.029 |
994.700 |
935.797 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(22.189) |
19.152 |
(6.204) |
|
|
Employee benefit expense |
17.074 |
12.020 |
9.740 |
|
|
Other expenses |
27.676 |
25.754 |
25.344 |
|
|
Exceptional items before tax |
(8.331) |
0.000 |
0.000 |
|
|
TOTAL |
1298.259 |
1051.626 |
964.677 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
48.190 |
14.968 |
20.970 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.986 |
6.312 |
7.303 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION |
41.204 |
8.656 |
13.667 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.056 |
3.347 |
1.762 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
38.148 |
5.309 |
11.905 |
|
|
|
|
|
|
|
Less |
TAX |
12.200 |
1.514 |
3.493 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
25.948 |
3.795 |
8.412 |
|
|
|
|
|
|
|
|
Earnings Per Share (INR) |
26.34 |
3.85 |
8.54 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
45.159 |
(5.800) |
28.937 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
31.527 |
(7.001) |
24.711 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
45.62 |
37.55 |
54.20 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.00 |
9.72 |
6.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
51.46 |
41.67 |
69.89 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.10 |
0.69 |
0.51 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.42 |
0.34 |
0.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.71 |
0.62 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.55 |
0.16 |
0.34 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.01 |
1.55 |
2.60 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.09 |
0.55 |
0.60 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.90 |
2.37 |
2.87 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.93 |
0.36 |
0.86 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.08 |
1.77 |
2.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
24.74 |
4.73 |
11.01 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.11 |
1.10 |
1.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.90 |
0.92 |
0.94 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.37 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.82 |
1.32 |
2.62 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.11 |
1.10 |
1.15 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
9.850 |
9.850 |
9.850 |
|
Reserves & Surplus |
66.525 |
70.319 |
95.050 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
76.375 |
80.169 |
104.900 |
|
|
|
|
|
|
Long-term borrowings |
13.753 |
8.697 |
50.697 |
|
Short term borrowings |
12.053 |
4.277 |
6.637 |
|
Total
borrowings |
25.806 |
12.974 |
57.334 |
|
Debt/Equity
ratio |
0.338 |
0.162 |
0.547 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
976.102 |
1066.594 |
1345.033 |
|
|
|
9.271 |
26.105 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
976.102 |
1066.594 |
1345.033 |
|
Profit |
8.412 |
3.795 |
25.948 |
|
|
0.86
% |
0.36
% |
1.93
% |
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 |
Yes |
|
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
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G70614292 |
100141191 |
STANDARD CHARTERED
BANK |
27/10/2017 |
- |
- |
25000000.0 |
CRESCENZO, 3A/F,
PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA
EASTMUMBAIMH400051IN |
|
2 |
G73119190 |
100141192 |
STANDARD CHARTERED
BANK |
27/10/2017 |
22/12/2017 |
- |
100000000.0 |
CRESCENZO, 3A/F,
PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA
EASTMUMBAIMH400051IN |
|
3 |
G34679860 |
100074876 |
HDFC BANK LIMITED |
06/12/2016 |
- |
- |
52000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
B82353087 |
10216278 |
CANARA BANK |
05/03/2010 |
24/07/2013 |
- |
180000000.0 |
CARNAC BUNDER BRANCH,
SAI NIWAS,149, P. DEMELLO ROAD, CARNAC BUNDER,MUMBAIMH400001IN |
|
5 |
G58740408 |
10216470 |
CANARA BANK |
04/03/2010 |
21/08/2017 |
- |
281700000.0 |
CARNAC BUNDER
BRANCH, SAI NIWAS,149, P. DEMELLO ROAD, CARNAC BUNDER,MUMBAIMH400001IN |
|
6 |
Y10145303 |
90064232 |
CANARA BANK |
21/05/2001 |
- |
- |
5654400.0 |
SAI NIWAS ; 149 ;
P.D.MELLO ROAD ; CARNAC BUNDERMUMBAIMH400001IN |
|
7 |
Y10122881 |
90042786 |
CANARA BANK |
15/05/2000 |
20/02/2006 |
- |
19000000.0 |
CARNAC BUNDER BRANCHP
D MELLO ROADMUMBAIMH400001IN |
|
8 |
B39665161 |
90044679 |
INDIAN RENEWABLE
ENERGY DEVELOPMENT AGENCY LIMITED |
11/04/2005 |
- |
30/04/2012 |
16450000.0 |
CORE 4A EAST COURT
IST FLOORINDIA HABITAT CENTRE LODI ROADNEW DELHIDL110003IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
0.939 |
8.043 |
|
|
|
|
|
Total |
0.939 |
8.043 |
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from 10, Court
Lanecivel Lines, Delhi - 110064, India to the present address w.e.f.01.12.2008
CORPORATE INFORMATION
The Company engaged in business of Bulk import and trading in chemicals and power generation by Wind Energy Generator.
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Office equipment
- Computer
- Vehicles
Intangible Asset:
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 65.02 |
|
UK Pound |
1 |
INR 91.46 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
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 opera tions 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.