|
|
|
MIRA INFORM REPORT
|
Report No. : |
502110 |
|
Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MCT CARDS AND TECHNOLOGY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Udayavani Building, Press Corner, Manipal – 576104, Karnataka |
|
Tel. No.: |
91-820-2571151 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.02.2008 |
|
|
|
|
Com. Reg. No.: |
08-045316 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 413.610 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900KA2008PTC045316 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0707030757 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
29AAFCM4088E1Z9 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM4088E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company provides end-to-end solutions with regard to the Cards including banking and other loyalty cards, which includes: manufacture of cards, card personalization, and supply of collaterals including Digital Banking Kiosks, fulfillment activities, and dispatch of the cards. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 3000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Manipal Technologies Limited”, India. It
is an established company incorporated in the year 2008 having fine track. For the financial year ended 2017, the company has witnessed a healthy
growth in its revenue and has achieved good profit margin at 7.78%
(approximately). The company possesses sound financial profile marked by healthy
networth base along with comfortable debt level and favourable gap between
trade payables to its receivables. The company also derives strong support from its holding entity and
its experienced management team. Fundamentals of the company are strong and healthy. 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 |
|
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 |
INDIA RATING |
|
Rating |
Long Term Rating= BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
December, 2017 |
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Short Term Rating= A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
December, 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 05.04.2018
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
|
Name : |
Mr. Ramnath Pai |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-9740888115 |
|
Date : |
04.04.2018 |
LOCATIONS
|
Registered / Corporate Office : |
|
|
Tel. No.: |
91-820-2571151 |
|
Mobile No.: |
91-9740888115 (Mr. Ramnath Pai) |
|
Fax No.: |
91-820-2571380 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Head Office / Factory 1 : |
Plot No.22A, Survey No.433/1, Shivalli Industrial Area, Manipal –
576104, Karnataka, India |
|
Tel. No.: |
91-820-2205370 |
|
Fax No.: |
91-820-2570831 |
|
E-Mail : |
|
|
Area : |
4000 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Factory 2 : |
Plot No.D-197, TTC Industrial Area, MIDC Turbhe, Navi Mumbai – 400705,
Maharashtra, India |
|
|
|
|
Personalization Center : |
Located at: ·
Mumbai |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Tonse Satish Upendra Pai |
|
Designation : |
Director |
|
Address : |
No.38, Ananth Nagar, Manipal – 576104, Karnataka, India |
|
Date of Birth/Age : |
26.11.1941 |
|
Qualification : |
SSLC |
|
Date of Appointment : |
19.02.2008 |
|
DIN No.: |
00104361 |
|
|
|
|
Name : |
Mr. Tonse Gautham Pai |
|
Designation : |
Director |
|
Address : |
No.38, Ananth Nagar ,Manipal – 576104, Karnataka, India |
|
Date of Birth/Age : |
19.02.2008 |
|
Qualification : |
BE |
|
Date of Appointment : |
19.02.2008 |
|
DIN No.: |
00120314 |
|
|
|
|
Name : |
Mr. Laxminarayan Karpe Rao |
|
Designation : |
Director |
|
Address : |
58, Sai Radha Green Valley, Manipal Perampalli, Shivalli, Kunjibettu, Udupi – 576102, Karnataka, India |
|
Date of Birth/Age : |
05.03.1940 |
|
Qualification : |
BA, LLB |
|
Date of Appointment : |
02.04.2008 |
|
DIN No.: |
00879383 |
|
|
|
|
Name : |
Mr. Marachai Kongboonma |
|
Designation : |
Director |
|
Address : |
118, Sueksa Witthaya Lane Silom Sub District, Bangrak District Bangkok Metropolis, Thailand |
|
Date of Birth/Age : |
10.05.1962 |
|
Date of Appointment : |
14.07.2011 |
|
DIN No.: |
03574154 |
|
|
|
|
Name : |
Felipe Bautista Palacio |
|
Designation : |
Director |
|
Address : |
21200, NE 38TH AVE APT 1501, Aventura Florida 331803759 CO, United States |
|
Date of Birth/Age : |
20.04.1955 |
|
Date of Appointment : |
17.08.2011 |
|
DIN No.: |
03599282 |
|
|
|
|
Name : |
Mr. Padmakar Nagarmutt Nayak |
|
Designation : |
Director |
|
Address : |
10-1-70A, Geetanjali Kana, Kadasa Road, Udupi – 576101, Karnataka, India |
|
Date of Appointment : |
16.08.2016 |
|
DIN No.: |
02589021 |
|
|
|
|
Name : |
Vandana Amit Khatuwala |
|
Designation : |
Additional Director |
|
Address : |
Flat No. 1201, Shree Vallabh Tower, Dmonte Lane, Near Orlem Church, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Appointment : |
01.02.2018 |
|
DIN No.: |
03123657 |
KEY EXECUTIVES
|
Name : |
Mr. Abhay Anant Gupte |
|
Designation : |
Chief Executive Officer |
|
Address : |
7C, Coromondal Towers, No. 816, Poonamalle High Road, Opposite KMC, Chennai – 600010, Tamilnadu, India |
|
Date of Appointment : |
01.04.2015 |
|
PAN No.: |
ACZPA1660M |
|
|
|
|
Name : |
Mr. Ramanath Pai |
|
Designation : |
Chief Finance Officer |
|
Address : |
#5-326, Geethanjali 3rd Main, V.P. Nagar, Gulme, Shivalli, Kunjibettu Udupi – 576102, Karnataka, India |
|
Date of Appointment : |
08.07.2015 |
|
PAN No.: |
ASDPP0578M |
|
|
|
|
Name : |
Mr. Binod Kumar Mandal |
|
Designation : |
Company Secretary |
|
Address : |
Lawrance Villa, Lakshmindra Nagar, 1st Lane, Near Car Bazar, Manipal – 576104, Karnataka, India |
|
Mobile No.: |
01.02.2018 |
|
E-Mail : |
APYPM1603E |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Manipal Technologies Limited, India |
33080800 |
|
Glory Wise International Limited, Bangkok |
4724200 |
|
Chan Wanich International Company, Bangkok |
3546000 |
|
Tridevita Family Trust |
10000 |
|
|
|
|
Total |
41361000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 10.08.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
79.98 |
|
Promoters [Others
(Trust)] |
0.02 |
|
Public/Other than promoters [Body corporate] |
20.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company provides end-to-end solutions with regard to the Cards including banking and other loyalty cards, which includes: manufacture of cards, card personalization, and supply of collaterals including Digital Banking Kiosks, fulfillment activities, and dispatch of the cards. [Registered activity and also confirmed by management] |
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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 : |
|
||||||
|
Products : |
·
Finished Goods |
||||||
|
Countries : |
·
Sri Lanka ·
Nepal ·
Bangladesh |
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|
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Imports : |
|
||||||
|
Products : |
·
Raw Material |
||||||
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Countries : |
·
Singapore ·
Thailand ·
Korea |
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Terms : |
|
||||||
|
Selling : |
L/C, Cash and Credit (30 / 60 Days) |
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|
||||||
|
Purchasing : |
L/C, Cash and Credit (30 / 60 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users
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No. of Employees : |
400 (Approximately) |
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Bankers : |
·
RBL Bank Limited, Prestige Tower, Third Floor,
99 and 100, Residency Road, Bangalore – 560025, Karnataka, India |
|||||||||||||||||||||||||||
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|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Pai Nayak and Associates Charted Accountant |
|
Address : |
3rd Floor, Raaj Tower, Near Cirty Bus Stand, Udupi –
576101, Karnataka, India |
|
PAN No.: |
AAEFP5516E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
· Manipal Technologies Limited |
|
|
|
|
Fellow Subsidiary
Companies : |
· Manipal Business Solutions Private Limited · Manipal Digital Systems Private Limited · Manipal Utility and Packaging Solutions Private Limited · Manipal Logistics Private Limited · Universal Print System Limited |
CAPITAL STRUCTURE
AS ON 10.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
INR 10/- each |
INR 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41361000 |
Equity Shares |
INR 10/- each |
INR 413.610 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 |
413.610 |
413.610 |
413.610 |
|
(b) Reserves & Surplus |
644.487 |
334.587 |
186.037 |
|
(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) |
1058.097 |
748.197 |
599.647 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
488.131 |
247.185 |
251.970 |
|
(b) Deferred tax liabilities (Net) |
59.587 |
66.841 |
62.187 |
|
(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) |
547.718 |
314.026 |
314.157 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
502.617 |
501.601 |
187.660 |
|
(b) Trade
payables |
232.202 |
309.727 |
409.702 |
|
(c) Other current
liabilities |
262.294 |
242.892 |
359.271 |
|
(d) Short-term
provisions |
73.940 |
37.000 |
0.000 |
|
Total Current
Liabilities (4) |
1071.053 |
1091.220 |
956.633 |
|
|
|
|
|
|
TOTAL |
2676.868 |
2153.443 |
1870.437 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
649.078 |
645.416 |
512.900 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
35.989 |
26.261 |
29.790 |
|
(e) Other Non-current
assets |
0.685 |
21.723 |
44.797 |
|
Total Non-Current
Assets |
685.752 |
693.400 |
587.487 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
277.409 |
318.439 |
174.328 |
|
(c) Trade
receivables |
950.170 |
748.094 |
552.484 |
|
(d) Cash
and cash equivalents |
295.737 |
220.546 |
226.723 |
|
(e)
Short-term loans and advances |
367.699 |
115.202 |
59.477 |
|
(f) Other
current assets |
100.101 |
57.762 |
269.938 |
|
Total Current
Assets |
1991.116 |
1460.043 |
1282.950 |
|
|
|
|
|
|
TOTAL |
2676.868 |
2153.443 |
1870.437 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3983.298 |
2420.034 |
1963.059 |
|
|
Other Income |
43.262 |
24.050 |
18.505 |
|
|
TOTAL |
4026.560 |
2444.084 |
1981.564 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1393.490 |
871.655 |
571.213 |
|
|
Purchases of
Stock-in-Trade |
783.538 |
466.302 |
469.392 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(21.680) |
(70.737) |
(8.018) |
|
|
Employee benefit expense |
266.561 |
179.557 |
112.559 |
|
|
Other expenses |
996.050 |
598.586 |
425.120 |
|
|
Exceptional items |
(4.573) |
47.403 |
8.836 |
|
|
TOTAL |
3413.386 |
2092.766 |
1579.102 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
613.174 |
351.318 |
402.462 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
78.696 |
63.559 |
47.712 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
534.478 |
287.759 |
354.750 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
61.390 |
53.260 |
46.638 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
473.088 |
234.499 |
308.112 |
|
|
|
|
|
|
|
Less |
TAX |
163.187 |
85.950 |
100.475 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
309.901 |
148.549 |
207.637 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
7.49 |
3.59 |
5.02 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
3000.000 |
The above information has been parted by Mr. Ramanath Pai (Chief Finance Officer)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
13.523 |
73.460 |
60.725 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
251.395 |
(102.350) |
135.820 |
|
Net cash flows from (used in) operating activities |
203.723 |
(129.890) |
98.151 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
87.07 |
112.83 |
102.73 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.19 |
3.23 |
3.55 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
38.93 |
84.49 |
143.71 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.21 |
1.10 |
2.31 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.94 |
0.54 |
0.78 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.59 |
0.66 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.95 |
1.10 |
0.83 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.01 |
1.46 |
1.60 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.61 |
0.86 |
0.86 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
7.79 |
5.53 |
8.44 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
7.78 |
6.14 |
10.58 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.58 |
6.90 |
11.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
29.29 |
19.85 |
34.63 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.86 |
1.34 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.60 |
1.05 |
1.16 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.40 |
0.35 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.43 |
1.99 |
1.21 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.86 |
1.34 |
1.34 |
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 |
413.610 |
413.610 |
413.610 |
|
Reserves & Surplus |
186.037 |
334.587 |
644.487 |
|
Net
worth |
599.647 |
748.197 |
1058.097 |
|
|
|
|
|
|
Long-term borrowings |
251.970 |
247.185 |
488.131 |
|
Short term borrowings |
187.660 |
501.601 |
502.617 |
|
Current maturities of
long-term debts |
60.725 |
73.460 |
13.523 |
|
Total
borrowings |
500.355 |
822.246 |
1004.271 |
|
Debt/Equity
ratio |
0.834 |
1.099 |
0.949 |
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 |
1963.059 |
2420.034 |
3983.298 |
|
|
|
23.279 |
64.597 |
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 |
1963.059 |
2420.034 |
3983.298 |
|
Profit/ (Loss) |
207.637 |
148.549 |
309.901 |
|
|
10.58
% |
6.14
% |
7.78
% |
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 |
Yes |
|
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 four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION:
The Registered office of the Company is at Manipal (State: Karnataka). The Company has a manufacturing unit in Manipal and also a card personalization center at Mumbai. Company provides end-to-end solutions with regard to the Cards including banking and other loyalty cards, which includes: manufacture of cards, card personalization, and supply of collaterals including Digital Banking Kiosks, fulfillment activities, and dispatch of the cards.
OPERATIONS AND FUTURE PROSPECTS:
The company has recorded Sales turnover of INR 3983.298 million during the year as against the Turnover of INR 2420.034 million achieved during the previous year.
The revenue performance during the FY 2016-17 has been good with a growth of 64.60% over the previous FY.
This growth is mainly due to execution of remaining part of the PMJDY project and also the transition from Magnetic Stripe Cards to EMV Cards by the Banks.
The revenue growth for the FY 2017-18 is expected to be increased in the coming future which is further supported by new line of business; Digital Branches.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
0.000 |
68.977 |
|
|
|
|
|
Total |
0.000 |
68.977 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G32747891 |
100070617 |
THE FEDERAL BANK LIMITED |
16/12/2016 |
- |
- |
300000000.0 |
MANASA TOWERS, PVS JUNCTIONM. G. ROAD MANGALORE KA575003IN |
|
2 |
G33412438 |
10595256 |
RBL BANK LIMITED |
23/09/2015 |
03/01/2017 |
- |
844000000.0 |
PRESTIGE TOWER, THIRD FLOOR, 99 & 100, RESIDENCY ROAD, BANGALORE KA560025IN |
|
3 |
G32636904 |
10581825 |
THE SOUTH INDIAN BANK LIMITED |
29/06/2015 |
16/12/2016 |
- |
750000000.0 |
BANGALORE CORPORATE BRANCH, NO. 74, SUMERU TOWERS, NEAR ST. JOSEPH'S COLLEGE OF COMMERCE. BRIGADE RD. BANGALORE KA560025IN |
|
4 |
C45365533 |
10552669 |
STATE BANK OF INDIA |
20/02/2015 |
- |
- |
1228000.0 |
MANIPAL BRANCH, MANIPAL UDUPI KA576104IN |
|
5 |
C69937936 |
10329299 |
INDIAN OVERSEAS BANK |
17/11/2011 |
- |
05/11/2015 |
190100000.0 |
BUNDER BRANCH MANGALORE KA575001IN |
|
6 |
C69939361 |
10313475 |
INDIAN OVERSEAS BANK |
30/08/2011 |
07/09/2011 |
05/11/2015 |
39334250.0 |
BUNDER BRANCH MANGALORE KA575001IN |
|
7 |
C69936839 |
10413739 |
INDIAN OVERSEAS BANK |
30/01/2013 |
18/03/2014 |
05/11/2015 |
644800000.0 |
BUNDER BRANCH MANGALORE KA575001IN |
|
8 |
C69938629 |
10329289 |
INDIAN OVERSEAS BANK |
17/11/2011 |
- |
05/11/2015 |
174700000.0 |
BUNDER BRANCH MANGALORE KA575001IN |
|
9 |
C45985116 |
10134302 |
SYNDICATE BANK |
05/11/2008 |
- |
16/02/2015 |
650000.0 |
BUNDER BRANCH MANGALORE KA575001IN |
|
10 |
B97913628 |
10158045 |
SYNDICATE BANK |
05/05/2009 |
- |
06/03/2014 |
185000000.0 |
BUNDER BRANCH MANGALORE KA575001IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 |
|
|
1 |
INR 91.46 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
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.