|
|
|
MIRA INFORM REPORT
|
Report No. : |
502063 |
|
Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SWEET INDUSTRIES INDIA PRIVATE LIMITED
(w.e.f. 16.07.2001) |
|
|
|
|
Formerly Known
As : |
SAMARTH FINANCE AND INVESTMENT PRIVATE LIMITED |
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|
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Registered
Office : |
501/502/503 Parmeshwari Centre, 18 Dalmia Estate, Off. LBS Road, Mulund [West], Mumbai - 400080, Maharashtra |
|
Tel. No.: |
91-22-61517118 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
16.09.1988 |
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|
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Com. Reg. No.: |
11-048843 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 6.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120MH1988PTC048843 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
02AABCS1092E2ZW |
|
|
|
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PAN No.: [Permanent Account No.] |
AABCS1092E |
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|
|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture of packing paper and Wholesale of cereals and pulses (Registered activity) |
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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 |
|
Maximum Credit Limit : |
USD 140000 |
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|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1988 having satisfactory track record. It is engaged as wholesaler of cereals and pulses and manufacturer of packaging paper. Management has failed to file its financials for the year 2017 with Registrar of Companies. As per available financials of 2016, the company has achieved decent growth in its revenue as compared to its previous year but has reported thin profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operation backed by its well-experienced management team. However, these rating strengths gets partially offset by susceptibility of its profitability to volatility in prices of raw materials and its presence in a highly competitive flexible packaging material industry. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business dealing 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 |
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
31-03-2018.
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 DENIED BY
|
Name : |
Mr. Deepesh |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-61517118 |
|
Date : |
04.04.2018 |
LOCATIONS
|
Registered Office/ Head Office/ Corporate Office : |
501-505, Parmeshwari Centre, 18, Dalmia, Estate, Off. LBS Road, Mulund
(West), Mumbai – 400 080, Maharashtra, India |
|
Tel. No.: |
91-22-61517118 / 61517100 |
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Fax No.: |
91-22-61517100/ 61517122 |
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E-Mail : |
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Website : |
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|
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Factory 1: |
Plot No.W51/52A, Kupwad MIDC, District Sangli – 416 425, Maharashtra,
India |
|
Tel. No.: |
91-233-2645020, 2645021 |
|
Fax No.: |
91-233-2644611 |
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E-Mail : |
|
|
|
|
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Factory 2 : |
Plot No.17, Sector 1, District Solan, Parwanoo – 173
220, Himachal Pradesh, India |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Dilip Premji Yadava |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
B-4, Marathon CHS, 1st Floor, Off Devidayal Road, Mulund (West),
Mumbai – 400 080, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
22.11.1952 |
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Qualification : |
B.COM |
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Date of Appointment : |
16.09.1988 |
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PAN No.: |
AAAPY1061F |
||||||||||||||||||||||||||||||||||||
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DIN No.: |
00391212 |
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Other Directorship:
|
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||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Bhavesh Premji Yadava |
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|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
A15/16, New Bhagyodaya CHS, 3rd Floor, Valji-Ladha Road, Mumbai
– 400 080, Maharashtra, India |
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|
Date of Birth/Age : |
02.07.1966 |
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Qualification : |
B.COM |
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Date of Appointment : |
07.04.1989 |
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PAN No.: |
AAAPY0446Q |
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DIN No.: |
00391378 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Kusum Dilip Yadava |
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|
Designation : |
Additional Director |
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|
Address : |
B/4, Marathon Chs Cross Devidayal Road, Mulund West,
Mumbai – 400080, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.09.1954 |
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|
Date of Appointment : |
04.01.2018 |
||||||||||||||||||||||||||||||||||||
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DIN No.: |
06820326 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Kalpana Yadava Bhavesh |
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Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
A-16, New Bhagyodaya Society, Walji Ladha Road Cross Kasturba
Marg, Mulund West, Mumbai – 400080, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.10.1969 |
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|
Date of Appointment : |
04.01.2018 |
||||||||||||||||||||||||||||||||||||
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DIN No.: |
06820337 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Deepesh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Thakkar Trading Private Limited, India |
|
125000 |
|
Purnimaben Sevantilal Sheth |
|
12000 |
|
Radhika Ganshyam Sheth |
|
33500 |
|
Ganshyam. Sevantilal Sheth (HUF) |
|
9000 |
|
Sevantilal M. Sheth |
|
12000 |
|
Dilip Premji Yadava |
|
138025 |
|
Bhavesh Premji Yadava |
|
138225 |
|
Shantilal Damji |
|
20150 |
|
Sushila Shantilal Thakker |
|
7000 |
|
Vimal Shantilal Thakker |
|
4850 |
|
Vipul Shantilal Thakker |
|
6750 |
|
Dharmesh Purshottam Thakker |
|
30000 |
|
Prashant Devendra Thakker |
|
18000 |
|
Vishal Devendra Thakkar |
|
12000 |
|
Siddharth Ganshyam Sheth |
|
33500 |
|
Total |
|
600000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
52.50 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
26.67 |
|
Public - Bodies corporate |
28.83 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of packing paper and Wholesale of cereals and pulses (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Jyoti Prakash B Pathak Chartered Accountants |
|
Address : |
C 601/602, Greenwood Complex, Oxford Building, Near Hyde Park, Godbunder Road, Thane (West) – 400607, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAGPP7959P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Following is the
Subsidiary : |
Sweetco International Pte Limited, Singapore |
|
|
|
|
Others : |
Premji and Sons Trading India Private Limited Sweet Confectionery Private Limited |
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
INR 10/- each |
INR 6.000
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 |
6.000 |
6.000 |
6.000 |
|
(b) Reserves & Surplus |
43.392 |
40.250 |
40.300 |
|
(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) |
49.392 |
46.250 |
46.300 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
34.105 |
22.636 |
32.999 |
|
(b) Deferred tax liabilities
(Net) |
3.442 |
4.904 |
6.266 |
|
(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) |
37.547 |
27.540 |
39.265 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
301.195 |
297.874 |
250.743 |
|
(b) Trade payables |
192.132 |
120.370 |
94.758 |
|
(c) Other current liabilities |
53.395 |
67.364 |
47.688 |
|
(d) Short-term provisions |
0.395 |
1.796 |
0.843 |
|
Total
Current Liabilities (4) |
547.117 |
487.404 |
394.032 |
|
|
|
|
|
|
TOTAL |
634.056 |
561.194 |
479.597 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
129.436 |
137.925 |
104.996 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
34.469 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.777 |
4.777 |
4.777 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
18.294 |
18.949 |
18.927 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
152.507 |
161.651 |
163.169 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
295.433 |
259.984 |
217.248 |
|
(c) Trade receivables |
144.096 |
94.078 |
59.863 |
|
(d) Cash and cash equivalents |
30.048 |
26.039 |
14.734 |
|
(e) Short-term loans and
advances |
0.114 |
0.118 |
0.000 |
|
(f) Other current assets |
11.858 |
19.324 |
24.583 |
|
Total
Current Assets |
481.549 |
399.543 |
316.428 |
|
|
|
|
|
|
TOTAL |
634.056 |
561.194 |
479.597 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1870.793 |
1398.368 |
807.096 |
|
|
Other Income |
10.692 |
9.871 |
11.163 |
|
|
TOTAL
|
1881.485 |
1408.239 |
818.259 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
591.006 |
450.117 |
259.558 |
|
|
Purchases of Stock-in-Trade |
1039.484 |
759.306 |
407.994 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.575 |
6.501 |
-9.186 |
|
|
Employees benefits expense |
26.605 |
20.709 |
14.774 |
|
|
Other expenses |
135.253 |
106.039 |
98.278 |
|
|
TOTAL |
1792.923 |
1342.672 |
771.418 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
88.562 |
65.567 |
46.841 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
57.808 |
41.148 |
31.344 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
30.754 |
24.419 |
15.497 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
28.679 |
20.702 |
15.335 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.075 |
3.717 |
0.162 |
|
|
|
|
|
|
|
Less |
TAX |
-1.067 |
0.034 |
0.259 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
3.142 |
3.683 |
-0.097 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
3.142 |
3.683 |
-0.097 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
122.221 |
68.630 |
30.979 |
|
|
TOTAL
EARNINGS |
122.221 |
68.630 |
30.979 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
7.584 |
28.312 |
17.689 |
|
|
Components and Stores parts |
0.085 |
0.000 |
0.000 |
|
|
TOTAL
IMPORTS |
7.669 |
28.312 |
17.689 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
5.24 |
6.14 |
(0.16) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
10.292 |
16.120 |
14.245 |
|
Net cash flows from (used in) operations |
59.774 |
28.519 |
12.943 |
|
Net cash flows from (used in) operating activities |
59.774 |
28.519 |
12.943 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
28.11 |
24.56 |
27.07 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
12.98 |
14.86 |
13.48 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
43.01 |
36.33 |
51.81 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.30 |
0.25 |
0.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.68 |
0.48 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.93 |
0.94 |
0.92 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
7.00 |
7.28 |
6.44 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
11.08 |
10.54 |
8.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.62 |
2.98 |
3.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.53 |
1.59 |
1.49 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.17 |
0.26 |
(0.01) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.50 |
0.66 |
(0.02) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
6.36 |
7.96 |
(0.21) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.88 |
0.82 |
0.80 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.34 |
0.29 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.08 |
0.08 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
57.60 |
56.11 |
49.66 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.88 |
0.82 |
0.80 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
6.000 |
6.000 |
6.000 |
|
Reserves & Surplus |
40.300 |
40.250 |
43.392 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
46.300 |
46.250 |
49.392 |
|
|
|
|
|
|
Long Term borrowings |
32.999 |
22.636 |
34.105 |
|
Short Term borrowings |
250.743 |
297.874 |
301.195 |
|
Current Maturities of Long term debt |
14.245 |
16.120 |
10.292 |
|
Total
borrowings |
297.987 |
336.630 |
345.592 |
|
Debt/Equity
ratio |
6.436 |
7.278 |
6.997 |
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
|
807.096 |
1398.368 |
1870.793 |
|
|
|
73.259 |
33.784 |
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
|
807.096 |
1398.368 |
1870.793 |
|
Profit |
(0.097) |
3.683 |
3.142 |
|
|
(0.01%) |
0.26% |
0.17% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
6.000 |
6.000 |
|
(b) Reserves & Surplus |
|
66.729 |
61.636 |
|
(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) |
|
72.729 |
67.636 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
34.105 |
22.636 |
|
(b) Deferred tax liabilities
(Net) |
|
3.442 |
4.904 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
37.547 |
27.540 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
301.195 |
297.874 |
|
(b) Trade payables |
|
248.508 |
181.314 |
|
(c) Other current liabilities |
|
40.122 |
31.764 |
|
(d) Short-term provisions |
|
0.395 |
1.835 |
|
Total
Current Liabilities (4) |
|
590.220 |
512.787 |
|
|
|
|
|
|
TOTAL |
|
700.496 |
607.963 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
129.436 |
137.925 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
18.294 |
18.949 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
147.830 |
156.974 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
295.433 |
259.984 |
|
(c) Trade receivables |
|
168.569 |
108.074 |
|
(d) Cash and cash equivalents |
|
76.692 |
69.816 |
|
(e) Short-term loans and
advances |
|
0.114 |
0.118 |
|
(f) Other current assets |
|
11.858 |
12.997 |
|
Total
Current Assets |
|
552.666 |
450.989 |
|
|
|
|
|
|
TOTAL |
|
700.496 |
607.963 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
1982.553 |
1501.617 |
|
|
Other Income |
|
18.220 |
3.710 |
|
|
TOTAL
|
|
2000.773 |
1505.327 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
591.006 |
450.117 |
|
|
Purchases of Stock-in-Trade |
|
1145.741 |
858.899 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
|
0.575 |
6.501 |
|
|
Employees benefits expense |
|
28.804 |
21.173 |
|
|
Other expenses |
|
143.887 |
108.639 |
|
|
TOTAL |
|
1910.013 |
1445.329 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
90.760 |
59.998 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
58.050 |
41.550 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
32.710 |
18.448 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
28.678 |
20.702 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
4.032 |
(2.254) |
|
|
|
|
|
|
|
Less |
TAX |
|
(1.061) |
0.094 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
5.093 |
(2.348) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
8.49 |
(3.91) |
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) |
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 |
NOTE: Registered office of the company has been
shifted from 93/95, Kazi Syed St Sugarhouse, 15th Road, Mumbai –
400003, Maharashtra, India to the present
address w.e.f. 23.10.2009
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
45.137 |
50.500 |
|
Loans and advances from directors |
2.790 |
0.360 |
|
Loans and advances from others |
43.089 |
41.423 |
|
Total |
91.016 |
92.283 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G60540093 |
100132857 |
SVC Co-operative Bank Limited |
28/09/2017 |
- |
- |
112500000.0 |
SVC Tower, Jawaharlal Nehru Road, Vakola,Santacruz (E), Mumbai, 400055MumbaiMH400055IN |
|
2 |
G60540945 |
100132859 |
SVC Co-operative Bank Ltd |
28/09/2017 |
- |
- |
112500000.0 |
Vakola Branch, SVC Tower,Nehru Road, Vakola, Santacruz (East)MumbaiMH400055IN |
|
3 |
C78149176 |
10618309 |
The Shamrao Vithal Co-operative Bank Ltd. |
05/02/2016 |
- |
- |
25000000.0 |
SVC Tower , Nehru Road,Vakola, Santacruz (East)MumbaiMH400055IN |
|
4 |
C54862891 |
10571799 |
The Shamrao Vithal Co-Operative Bank Limited |
21/05/2015 |
- |
- |
20800000.0 |
SVC Tower, Nehru RoadVakola, Santacruz (E)MumbaiMH400055IN |
|
5 |
C15601115 |
10513780 |
The Shamrao Vithal Co-Operative Bank Limited |
24/07/2014 |
- |
- |
10000000.0 |
SVC Tower, Nehru RoadVakola, Santacruz (E)MumbaiMH400055IN |
|
6 |
B93991867 |
10471501 |
The Shamrao Vithal Co-operative Bank Limited |
07/01/2014 |
- |
- |
20000000.0 |
SVC Tower, Nehru Road,Vakola, Santacruz (East),MumabiMH400055IN |
|
7 |
B58335381 |
10304958 |
The Shamrao Vithal Co-operative Bank Limited |
13/08/2011 |
29/08/2012 |
- |
282596000.0 |
SVC Tower, Nehru Road,Vakola, Santacruz (East),MumbaiMH400055IN |
|
8 |
B19931203 |
10304952 |
The Shamrao Vithal Co-Operative Bank Limited |
13/08/2011 |
- |
- |
20000000.0 |
SVC Tower, Nehru Road,Vakola, Santacruz (E)MumbaiMH400005IN |
|
9 |
A98998206 |
10299556 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
21/11/2009 |
- |
- |
10000000.0 |
SVC Tower, Nehru RoadVakola, Santacruz (East)MumbaiMH400055IN |
|
10 |
B92248533 |
10136894 |
The Shamrao Vithal Co-Operative Bank Limited |
15/12/2008 |
17/12/2013 |
- |
50000000.0 |
SVC Tower, Nehru RoadVakola,, Santacruz (E)MumbaiMH400055IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Claims against company not acknowledged as debt |
26.802 |
23.533 |
|
Guarantees |
0.100 |
0.100 |
|
Other money for which company is contingently liable |
152.373 |
93.738 |
FIXED ASSETS
- Land
- Buildings
- Office building
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- 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 91.45 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information Gathered
by : |
SPR |
|
|
|
|
Analysis Done by
: |
NSR |
|
|
|
|
Report Prepared
by : |
SUJ |
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.