|
|
|
MIRA INFORM REPORT
|
Report No. : |
501837 |
|
Report Date : |
04.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MEGA RUBBER TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.77, Mistry
Industrial Complex, MIDC Cross Road A, Andheri (East), Mumbai – 400093,
Maharashtra |
|
Tel. No.: |
91-22-26870441 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
11.01.1995 |
|
|
|
|
Com. Reg. No.: |
11-084554 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 30.800 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25110MH1995PTC084554 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0395044103 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
TIN No.: |
33683367218 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM7425N |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer of rubber moulded components. [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 |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject
was incorporated in the year 1995 and it is a manufacturer of rubber moulded
components. Management
has failed to file its latest financials with Government Registry. As per
available summarized financials of March 2017, the company has achieved a
revenue of INR 2088.000 million and has reported average profit margin. Rating
takes into consideration the company’s established track record of business
operations marked by sound net worth base along with comfortable debt
coverage indicators and good liquidity position. Rating
also takes into account the established customer profile, favourable location
of plants and extensive experience of promoters. Further,
the company has reported a good earnings per share of INR 23.40 against its
face value of INR 10. However,
ratings strength is partially offset by limited pricing flexibility,
susceptibility of profitability to fluctuations in raw material prices and
working capital-intensive operations. Payments
seems to be regular. In view
of aforesaid, the company can be considered for business dealing at usual
trade terms and conditions. NOTE: As per
indirect sources, we could find that the subject has achieved a revenue of
INR 2088.000 million along with profit of INR 73.000 million in the FY 2017. |
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 |
CRISIL |
|
Rating |
Long Term Rating= BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
30.08.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating= A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
30.08.2017 |
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 DENIED
Management Non-Cooperative (91-22-26870441)
LOCATIONS
|
Registered Office : |
Unit No.77,
Mistry Industrial Complex, MIDC Cross Road A, Andheri (East), Mumbai –
400093, Maharashtra, India |
|
Tel. No.: |
91-22-26870441 |
|
Fax No.: |
91-22-26877339 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate
Office/Factory 1: |
Building No. 1,
Agarwal Udyog Nagar Waliv, Vasai Road (East), District Thane – 401208,
Maharashtra, India |
|
Tel. No.: |
91-250-2456426 /
2456430 / 2454365 / 2454520 / 6057500 |
|
Fax No.: |
91-250-2454519 /
2454365 |
|
|
|
|
Factory 2 : |
SF No.35/1, Hosur-Thally Road, Off Anekal Road, Poonapalli, Krishnagiri, Hosur – 635114, Tamilnadu, India |
|
|
|
|
Factory 3: |
Plot No. 431, Sector-8, IMT Manesar, Gurugram – 122050, Haryana, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Neel Rewachand Sujan |
|
Designation : |
Managing Director |
|
Address : |
802/902, Ruchita Tower, Juhu Versova Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
05.08.1957 |
|
Qualification : |
BSC |
|
Date of Appointment : |
07.09.1996 |
|
PAN No.: |
AAFPS1546L |
|
DIN No.: |
01424276 |
|
|
|
|
Name : |
Mr. Jaiprakash Khanchand Vasdani |
|
Designation : |
Director |
|
Address : |
C-703, Ganga Estate, Behind Atur Park, Sion Trombay Road, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
26.10.1950 |
|
Qualification : |
BSC |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
ABVPV4123B |
|
DIN No.: |
01424172 |
|
|
|
|
Name : |
Mr. Ashok Sujan Rewachand |
|
Designation : |
Director |
|
Address : |
25th Floor, Oberoi Sky Heights, Lokhandwala Complex, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
20.12.1950 |
|
Qualification : |
BSC(Chem) |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
AAOPS6091H |
|
DIN No.: |
01424203 |
|
|
|
|
Name : |
Tulsi Rewachand Sujan |
|
Designation : |
Director |
|
Address : |
Flat No 401/402, 4th Floor, Gulshan CTS, E 217, Ahinsa Marg, 14th Road, Khar (West), Mumbai – 400052, Maharashtra, India |
|
Date of Birth/Age : |
18.03.1949 |
|
Qualification : |
Mech Eng DBM |
|
Date of Appointment : |
11.01.1995 |
|
PAN No.: |
ALNPS5815K |
|
DIN No.: |
01561095 |
|
|
|
|
Name : |
Mr. Vijay Jeevan Sujan |
|
Designation : |
Director |
|
Address : |
801, Lodha One, JVPD Juhu Gulmohar X.Road.4, Opposite Jitendra Building, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1974 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
15.03.1997 |
|
PAN No.: |
AAOPS6092E |
|
DIN No.: |
02420980 |
|
|
|
|
Name : |
Mr. Harish Rewachand Sujan |
|
Designation : |
Director |
|
Address : |
Building No. 6, B-4, Basant Park, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1946 |
|
Qualification : |
BSC (chem) |
|
Date of Appointment : |
04.07.1997 |
|
PAN No.: |
AAJPS1351D |
|
DIN No.: |
02420984 |
|
|
|
|
Name : |
Mr. Ghanshyam Rewachand Sujan |
|
Designation : |
Director |
|
Address : |
Flat No 901, Buena Vista, St Alexious Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
18.07.1954 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
07.09.1996 |
|
PAN No.: |
AAFPS1547M |
|
DIN No.: |
02420985 |
|
|
|
|
Name : |
Mrs. Sheetal Neelkumar Sujan |
|
Designation : |
Director |
|
Address : |
C/804, Abhishek Apartment, 4, Bungalows, Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
01.03.1960 |
|
Qualification : |
B.COM |
|
Date of Appointment : |
12.02.2015 |
|
PAN No.: |
AAFPS1558N |
|
DIN No.: |
02420986 |
|
|
|
|
Name : |
Mr. Parmodkumar Sharma Mayaram |
|
Designation : |
Director |
|
Address : |
1101, Kritika Annexe, Plot No 11, S.T.Road, Near R K Studio, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
18.11.1956 |
|
Qualification : |
BE (Mech) |
|
Date of Appointment : |
10.08.1998 |
|
PAN No.: |
ADUPS6964J |
|
DIN No.: |
07518514 |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Harish Rewachand Sujan |
|
327800 |
|
Harish Rewachand Sujan H.U.F. |
|
55000 |
|
Ghanshyam Rewachand Sujan |
|
325600 |
|
Ghanshyam Rewachand Sujan H.U.F. |
|
55000 |
|
Tulsi Rewachand Sujan |
|
333300 |
|
Tulsi Rewachand Sujan H.U.F. |
|
55000 |
|
Ashok Rewachand Sujan |
|
325600 |
|
Ashok Rewachand Sujan H.U.F. |
|
55000 |
|
Neel Rewachand Sujan |
|
325600 |
|
Neel Rewachand Sujan H.U.F. |
|
55000 |
|
Vijay Jeevan Sujan |
|
311300 |
|
Jai Prakash Vasdani |
|
380600 |
|
Pramod Kumar Sharma |
|
381700 |
|
Usha Jeevan Sujan |
|
4400 |
|
Padma Harish Sujan |
|
4400 |
|
Kamal Tulsi Sujan |
|
4400 |
|
Manisha Ashok Sujan |
|
4400 |
|
Vijaylakshi Vasdani |
|
4400 |
|
Kanchan R. Sujan |
|
4400 |
|
Sheetal N. Sujan |
|
4400 |
|
Pinky Pramod Sharma |
|
3300 |
|
Satvinder V. Sujan |
|
4400 |
|
Jeevan Sujan H.U.F. |
|
55000 |
|
|
|
|
|
Total |
|
3080000 |
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 : |
Manufacturer of Rubber Moulded Components. (Registered Activity) |
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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 Divulged |
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|
|
|
||||||||
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Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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|
|||||||||||||||||||||||||||
|
Bankers : |
·
ICICI Bank Limited, Landmark Race Cource
Circle, Alkapuri, Vadodara – 390015, Gujarat, India ·
Axis Bank Limited, CCSU-Andheri, Senorita, Gulmohar Road, Vileparle (West), Mumbai
– 400049, Maharashtra, India |
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|
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|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Rohira Mehta and
Associates Chartered
Accountants |
|
Address : |
B-202, 2nd
Floor, Grand Bella Vista, Near Jari Mari Temple, S.V. Road Bandra (West),
Mumbai – 400050, Maharashtra, India |
|
Tel. No.: |
91-22-42084500 |
|
Fax No.: |
91-22-42084501 |
|
E-Mail : |
|
|
PAN
No.: |
AAIPR8005L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
· Polyrub Extrusions (India) Private Limited, India · Sujan Industries, India · Sujan Cooper Standard AVS Private Limited, India · Veekay RubberProducts, India · Tee Vee Tools Engg Industries, India · Magnum Elastomers Private Limited, India · Polyrub Cooper Standard FTS Private Limited, India · Polyrub Plastics Private Limited, India · Rubbertech Automotives LLP, India |
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5500000 |
Equity Shares |
INR 10/- each |
INR 55.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3080000 |
Equity Shares |
INR 10/- each |
INR 30.800 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
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 |
30.800 |
30.800 |
30.800 |
|
(b) Reserves &
Surplus |
510.700 |
452.703 |
383.035 |
|
(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
|
541.500 |
483.503 |
413.835 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
295.706 |
406.052 |
355.929 |
|
(b) Deferred tax
liabilities (Net) |
35.334 |
28.652 |
2.510 |
|
(c) Other long term
liabilities |
4.487 |
3.824 |
41.398 |
|
(d) long-term provisions |
2.187 |
1.020 |
0.890 |
|
Total Non-current
Liabilities |
337.714 |
439.548 |
400.727 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
281.602 |
320.962 |
213.670 |
|
(b) Trade payables |
182.758 |
123.984 |
93.941 |
|
(c) Other current
liabilities |
112.848 |
137.381 |
253.236 |
|
(d) Short-term provisions |
2.592 |
1.369 |
0.127 |
|
Total Current Liabilities
|
579.800 |
583.696 |
560.974 |
|
|
|
|
|
|
TOTAL |
1459.014 |
1506.747 |
1375.536 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
770.579 |
751.843 |
629.222 |
|
(ii) Intangible Assets |
12.030 |
21.520 |
30.925 |
|
(iii) Capital
work-in-progress |
1.631 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.112 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
14.773 |
26.581 |
8.053 |
|
(e) Other Non-current
assets |
22.463 |
3.088 |
2.183 |
|
Total Non-Current Assets |
821.588 |
803.032 |
670.383 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
180.938 |
191.598 |
166.083 |
|
(c) Trade receivables |
412.365 |
477.812 |
464.494 |
|
(d) Cash and cash
equivalents |
8.983 |
(9.714) |
(27.953) |
|
(e) Short-term loans and
advances |
31.405 |
39.821 |
89.943 |
|
(f) Other current assets |
3.735 |
4.198 |
12.586 |
|
Total Current Assets |
637.426 |
703.715 |
705.153 |
|
|
|
|
|
|
TOTAL |
1459.014 |
1506.747 |
1375.536 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1910.349 |
1901.006 |
NA |
|
|
Other Income |
7.426 |
11.513 |
NA |
|
|
TOTAL |
1917.775 |
1912.519 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
963.074 |
975.091 |
|
|
|
|
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(8.769) |
(14.446) |
|
|
|
Employees benefits
expense |
181.382 |
163.566 |
|
|
|
Exceptional Items |
0.000 |
(23.005) |
|
|
|
Other expenses |
487.246 |
481.756 |
|
|
|
TOTAL |
1622.933 |
1582.962 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
294.842 |
329.557 |
293.155 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
81.162 |
99.806 |
70.734 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
213.680 |
229.751 |
222.421 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
103.861 |
99.648 |
99.008 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX AND EXCEPTIONAL ITEMS |
0.000 |
0.000 |
123.413 |
|
|
|
|
|
|
|
Less |
PROFIT ON SALE OF FIXED ASSETS |
0.000 |
0.000 |
0.001 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
109.819 |
130.103 |
123.412 |
|
|
|
|
|
|
|
Less |
TAX |
37.760 |
54.043 |
41.561 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
72.059 |
76.060 |
81.851 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
115.273 |
169.329 |
|
|
TOTAL EARNINGS |
NA |
115.273 |
169.329 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
23.40 |
24.69 |
26.58 |
|
Particulars |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
2088.000 |
|
|
|
|
|
|
Profit/(Loss) After Tax |
|
|
73.000 |
The above information has been gathered from indirect source.
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
62.553 |
53.844 |
57.752 |
|
Net cash flows from (used in) operations |
335.530 |
75.806 |
NA |
|
Net cash flows from (used in) operating activities |
370.430 |
143.813 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
78.79 |
91.74 |
NA |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.63 |
3.98 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
69.26 |
46.41 |
NA |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.63 |
1.72 |
1.77 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.38 |
0.43 |
0.44 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.64 |
0.69 |
0.71 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.18 |
1.62 |
1.52 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.07 |
1.21 |
1.36 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.45 |
1.60 |
1.60 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.63 |
3.30 |
4.14 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
3.77 |
4.00 |
NA |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.94 |
5.05 |
5.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.31 |
15.73 |
19.78 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.10 |
1.21 |
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.79 |
0.88 |
0.96 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.37 |
0.32 |
0.30 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
20.77 |
25.35 |
20.37 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.10 |
1.21 |
1.26 |
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 |
30.800 |
30.800 |
30.800 |
|
Reserves & Surplus |
383.035 |
452.703 |
510.700 |
|
Net worth |
413.835 |
483.503 |
541.500 |
|
|
|
|
|
|
Long-term borrowings |
355.929 |
406.052 |
295.706 |
|
Short term borrowings |
213.670 |
320.962 |
281.602 |
|
Current Maturities of
Long term debt |
57.752 |
53.844 |
62.553 |
|
Total borrowings |
627.351 |
780.858 |
639.861 |
|
Debt/Equity ratio |
1.516 |
1.615 |
1.182 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
|
|
(INR In Million) |
(INR In Million) |
|
Sales |
1901.006 |
1910.349 |
|
|
0.491 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
|
|
(INR In Million) |
(INR In Million) |
|
Sales |
1901.006 |
1910.349 |
|
Profit / (Loss) |
76.060 |
72.059 |
|
|
4.00% |
3.77% |
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 four 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 |
NOTE: The registered office of the company
has been shifted from 90, Mistry Industrial Complex, MIDC Cross Road A, Andheri
(East), Mumbai – 400093, Maharashtra India to
the present address w.e.f. 14.06.2007
UNSECURED LOANS:
|
Particular |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
Long-term
Borrowings |
|
|
|
Debentures |
60.000 |
60.000 |
|
Loans and advances from related parties |
81.237 |
137.852 |
|
|
|
|
|
Total |
141.237 |
197.852 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G38824355 |
100051564 |
ICICI BANK LIMITED |
29/08/2016 |
04/03/2017 |
- |
100000000.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROAD VADODARA GU390007IN |
|
2 |
C58304080 |
10528824 |
ICICI BANK LIMITED |
17/10/2014 |
25/05/2015 |
- |
127700000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GJ390015IN |
|
3 |
C32056640 |
10528823 |
ICICI BANK LIMITED |
17/10/2014 |
- |
- |
67700000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GJ390015IN |
|
4 |
C58304064 |
10528820 |
ICICI BANK LIMITED |
17/10/2014 |
25/05/2015 |
- |
203000000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GJ390015IN |
|
5 |
G74688052 |
10531775 |
AXIS BANK LIMITED |
17/10/2014 |
28/12/2017 |
- |
486400000.0 |
CCSU-ANDHERI, SENORITA,GULMOHAR ROAD, VILEPARLE WEST MUMBAI MH400049IN |
|
6 |
B72274939 |
10416695 |
AXIS BANK LIMITED |
04/03/2013 |
- |
- |
175000000.0 |
GROUND FLOOR, AXIS HOUSE,BOMBAY DYEING MILLS COMPOUND, P B MARG, WORLI MUMBAI MH400025IN |
|
7 |
A86419207 |
10222472 |
CITIBANK N. A. |
06/04/2010 |
- |
- |
43000000.0 |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60 BANDRA KURLA COMPLEX, BANDRA (E) MUMBAI MH400051IN |
|
8 |
A51606051 |
10131422 |
STANDARD CHARTERED BANK |
15/11/2008 |
- |
- |
10000000.0 |
SME CREDIT, 23-25, M G ROAD, FORT MUMBAI MH400001IN |
|
9 |
A26099259 |
10076681 |
CITIBANK N.A. |
28/09/2007 |
- |
- |
13000000.0 |
CITIGROUP CENTRE BANDRA KURLA COMPLEX, G BLOCK BANDRA EAST MUMBAI MH400051IN |
|
10 |
A06355622 |
80005612 |
CITIBANK N. A |
27/02/2006 |
30/09/2006 |
- |
199500000.0 |
CITIGROUP CENTREBANDRA KURLA COMPLEX, BANDRA EAST MUMBAI MH400051IN |
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 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 |
|
|
1 |
INR 91.46 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
NKT |
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.