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MIRA INFORM REPORT
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Report No. : |
502122 |
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Report Date : |
06.04.2018 |
IDENTIFICATION DETAILS
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Name : |
HYGIENIC RESEARCH INSTITUTE PRIVATE LIMITED (w.e.f.
11.11.2011) |
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Formerly Known
As : |
HRI COSMETICS (INDIA) PRIVATE LIMITED |
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Registered
Office : |
602, Supreme Chambers, 6th Floor, Off Veera Desai Road,
Andheri (West), Mumbai – 400053, Maharashtra |
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Tel. No.: |
91-22-61088833 |
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Country : |
India |
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Financials (as on)
: |
31.03.2016 |
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Date of
Incorporation : |
01.04.2002 |
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Com. Reg. No.: |
11-135338 |
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Capital
Investment / Paid-up Capital : |
INR 1.052 Million |
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CIN No.: [Company Identification
No.] |
U24247MH2002PTC135338 |
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IEC No.: |
0394019661 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH11469D |
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TIN No.: |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AACCH0547A1Z5 |
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PAN No.: [Permanent Account No.] |
AACCH0547A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing Marketing Research and Dealing of Hair Care and Skin Care Products such as Hair Dye, Hair Colour, Hair Oil, Ayurvedic Oil, Shaving Cream, Skin Care Creams and Toiletry Products. (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)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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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 company incorporated in the year 2002 having fine track record.
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long term rating = (A-) |
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Rating Explanation |
Adequate degree of safety and low credit risk. |
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Date |
30.10.2017 |
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Rating Agency Name |
CRISIL |
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Rating |
Short term rating = (A2+) |
|
Rating Explanation |
Strong degree of safety and carry lowest credit risk. |
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Date |
30.10.2017 |
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 06.04.2018.
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 DECLINED BY
|
Name : |
Mr. Sudam |
|
Designation : |
Accounts Executive |
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Contact No.: |
91-22-61088833 |
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Date : |
04.04.2018 |
LOCATIONS
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Registered/ Corporate Office / Factory: |
602, Supreme Chambers, 6th Floor, Off Veera Desai Road,
Andheri (West), Mumbai – 400053, Maharashtra, India |
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Tel. No.: |
91-22-26733330/31/31 |
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Fax No.: |
91-22-26733329 |
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E-Mail : |
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Website : |
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Factory: |
Located at: · Guwahati, Assam, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Susirkumar Mangalore |
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Designation : |
Director |
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Address : |
603, Jade Bldg, Jp Versova Link Road, Andheri West, Mumbai - 400053, Maharashtra, India |
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Date of Birth/Age : |
30.01.1966 |
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Qualification : |
CS, Bachelor’s Degree in Business Management, M.Phil |
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Date of Appointment : |
05.11.2015 |
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DIN No.: |
00049374 |
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Name : |
Mrs. Savita K Chhabra |
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Designation : |
Director |
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Address : |
A - 31/ 32, Park Plaza, 3rd floor, Panchmarg, New Yari Road, Versova , Andheri (West), Mumbai - 400061, Maharashtra, India |
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Date of Birth/Age : |
20.01.1950 |
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Qualification : |
Bachelor degree in Arts |
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Date of Appointment : |
01.04.2002 |
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Pan No.: |
AAAPC8906H |
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DIN No.: |
00540474 |
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Name : |
Mr. Manish Kailash Chhabra |
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Designation : |
Managing Director |
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Address : |
Park Plaza, A-31/32, New Yari Road, Andheri (West), Vesava, Mumbai - 400061, Maharashtra, India |
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Date of Birth/Age : |
09.03.1970 |
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Qualification : |
Bachelor's degree in Pharmacy |
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Date of Appointment : |
01.04.2002 |
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Pan No.: |
AABPC0432F |
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DIN No.: |
01279909 |
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Name : |
Mr. Ashish Kailash Chhabra |
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Designation : |
Director |
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Address : |
A - 201 - B, Oberoi Sky Gardens Society, 3rd Cross Lane Lokhandwala Complex, Andheri (West), Mumbai - 400053, Maharashtra, India |
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Date of Birth/Age : |
21.04.1975 |
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Qualification : |
Bachelor's degree in Commerce |
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Date of Appointment : |
01.04.2002 |
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Pan No.: |
ACUPC8797L |
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DIN No.: |
01279960 |
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Name : |
Mr. Subhash Chander Nishat |
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Designation : |
Wholetime Director |
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Address : |
1705/6 Stellar Tower Lokhandwala Complex, Andheri (West), Mumbai - 400058, Maharashtra, India |
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Date of Birth/Age : |
30.06.1942 |
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Qualification : |
Bachelor's degree in Arts |
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Date of Appointment : |
01.04.2002 |
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Pan No.: |
AACPN2586J |
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DIN No.: |
02054573 |
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Name : |
Mr. Rahul Garg |
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Designation : |
Director |
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Address : |
A-503 UKN Esperanza Tubarahalli, Varthur Road, Whitefield, Bangalore - 560066, Karnataka, India |
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Date of Birth/Age : |
18.08.1975 |
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Qualification : |
MBA Finance, B.E. Mechanical Engineering |
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Date of Appointment : |
21.10.2015 |
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DIN No.: |
06939695 |
KEY EXECUTIVES
|
Name : |
Mr. Sudam |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
|
Names of Shareholders (Equity) |
No. of Shares |
%
age holding |
|
Subhash C Nishat |
17424 |
16.56 |
|
Savita K Chhabra |
17424 |
16.56 |
|
Manish K Chhabra |
16970 |
16.13 |
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Ashish K Chhabra |
21212 |
20.16 |
|
Ritika Manish Chhabra |
4242 |
4.03 |
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Premji Invest Opportunity Fund |
5219 |
4.96 |
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Premji Invest Opportunity Fund |
17509 |
16.64 |
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Total |
100000 |
100.00 |
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Names of Shareholders (Preference) |
|
No. of Shares |
|
PI Opportunity Fund-I (PIOF) |
|
5219 |
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|
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|
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Total |
|
5219 |
AS ON 18.01.2017
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Names of Allottee (Equity) |
|
No. of Shares |
|
PI Opportunity Fund-I |
|
4209 |
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|
|
|
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Total |
|
4209 |
AS ON: 21.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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Promoters (Individual/Hindu Undivided Family - Indian) |
77.27 |
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Public/Other than promoters (Other) |
22.73 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing Marketing Research and Dealing of Hair Care and Skin Care Products such as Hair Dye, Hair Colour, Hair Oil, Ayurvedic Oil, Shaving Cream, Skin Care Creams and Toiletry Products. (Registered Activity) |
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Products : |
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Brand Names : |
“Vasmol” |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· Union Bank of India Mumbai Samachar Marg Branch, 66/80 Mumbai Samachar Marg, Mumbai - 400023, Maharashtra, India · Union Bank of India Versova Branch, Rajkumar Corner Co-Operative Housing Society Limited, Plot No.105, J. P. Road, Andheri (West), Mumbai - 400058, Maharashtra, India · Kotak Mahindra Bank Limited 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India |
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Facilities : |
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Financial Institutions : |
· Aditya Birla Finance Limited · Director of Industries S.W.C.A., Baddi, Solan - 174101, Himachal Pradesh, India |
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Auditors : |
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Name : |
N. Varma and Associates Chartered Accountant |
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Address : |
Unit no.118, Kakad Industrial Estate, Sitaram Keer Road, Mahim (West), Mumbai – 400016, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFN0680P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate Company: |
Trans Asia Trading Company |
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Subsidiary Company: |
HRI Healthcare Private Limited, India [U24100MH2011PTC223218] |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives: |
Surya Enterprises |
CAPITAL STRUCTURE
AFTER 21.09.2016
Authorised Capital : INR
51.000 Million
Issued, Subscribed & Paid-up Capital : INR 1.094 Million
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5070000 |
Equity Shares |
INR 10/- each |
INR 50.700 Million |
|
30000 |
Preference Share |
INR 10/- each |
INR 0.300 Million |
|
|
|
|
|
|
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Total |
|
INR 51.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
5219 |
Preference Share |
INR 10/- each |
INR 0.052
Million |
|
|
|
|
|
|
|
Total |
|
INR 1.052 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 |
1.052 |
1.000 |
1.000 |
|
(b) Reserves & Surplus |
1170.662 |
744.334 |
658.022 |
|
(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) |
1171.714 |
745.334 |
659.022 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
143.210 |
297.331 |
156.394 |
|
(b) Deferred tax liabilities (Net) |
56.133 |
50.906 |
11.632 |
|
(c)
Other long term liabilities |
43.592 |
47.500 |
39.541 |
|
(d)
long-term provisions |
19.246 |
13.273 |
9.592 |
|
Total
Non-current Liabilities (3) |
262.181 |
409.010 |
217.159 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
200.226 |
409.231 |
403.009 |
|
(b)
Trade payables |
336.255 |
421.816 |
409.121 |
|
(c)
Other current liabilities |
152.152 |
94.494 |
66.472 |
|
(d)
Short-term provisions |
0.272 |
0.770 |
0.704 |
|
Total
Current Liabilities (4) |
688.905 |
926.311 |
879.306 |
|
|
|
|
|
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TOTAL |
2122.800 |
2080.655 |
1755.487 |
|
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|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
797.601 |
572.234 |
459.801 |
|
(ii)
Intangible Assets |
9.729 |
9.811 |
4.819 |
|
(iii)
Capital work-in-progress |
1.869 |
52.099 |
13.221 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
110.308 |
69.494 |
26.872 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
123.679 |
88.923 |
120.506 |
|
(e)
Other Non-current assets |
17.050 |
16.477 |
6.567 |
|
Total
Non-Current Assets |
1060.236 |
809.038 |
631.786 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
262.079 |
282.387 |
331.482 |
|
(c)
Trade receivables |
658.578 |
699.111 |
613.182 |
|
(d)
Cash and cash equivalents |
80.514 |
145.681 |
101.533 |
|
(e)
Short-term loans and advances |
60.115 |
132.849 |
30.203 |
|
(f)
Other current assets |
1.278 |
11.589 |
47.301 |
|
Total
Current Assets |
1062.564 |
1271.617 |
1123.701 |
|
|
|
|
|
|
TOTAL |
2122.800 |
2080.655 |
1755.487 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
3744.463 |
3467.889 |
3228.066 |
|
|
|
Other Income |
27.411 |
35.420 |
20.223 |
|
|
|
TOTAL |
3771.874 |
3503.309 |
3248.289 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1349.116 |
1321.276 |
1304.512 |
|
|
|
Purchases of Stock-in-Trade |
128.949 |
160.717 |
79.438 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
9.639 |
48.956 |
(52.125) |
|
|
|
Employees benefits expense |
429.922 |
354.651 |
303.036 |
|
|
|
CSR expenditure |
1.650 |
1.678 |
0.000 |
|
|
|
Extraordinary items |
26.020 |
(116.521) |
0.000 |
|
|
|
Other expenses |
1558.411 |
1462.354 |
1438.353 |
|
|
|
TOTAL |
3503.707 |
3233.111 |
3073.214 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
268.167 |
270.198 |
175.075 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
79.068 |
72.830 |
66.274 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
189.099 |
197.368 |
108.801 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
56.462 |
61.236 |
50.949 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
132.637 |
136.132 |
57.852 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
16.265 |
49.820 |
5.092 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
116.372 |
86.312 |
52.760 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of manufactured goods exported |
152.410 |
119.020 |
129.728 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
12.764 |
11.605 |
6.889 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
1105.99 |
863.00 |
528.00 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
407.511 |
86.364 |
99.663 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
354.284 |
67.117 |
69.968 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
64.20 |
73.58 |
69.33 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.69 |
4.96 |
5.26 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
83.04 |
103.89 |
107.90 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.02 |
0.96 |
0.53 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.33 |
0.43 |
0.37 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.39 |
0.59 |
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.29 |
0.95 |
0.85 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.59 |
1.24 |
1.33 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.69 |
0.85 |
0.73 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.39 |
3.71 |
2.64 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.11 |
2.49 |
1.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.48 |
4.15 |
3.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.93 |
11.58 |
8.01 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.54 |
1.37 |
1.28 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.16 |
1.07 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.55 |
0.36 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
326.46 |
706.56 |
559.40 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.54 |
1.37 |
1.28 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in Indian Rupees 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 |
1.000 |
1.000 |
1.052 |
|
Reserves & Surplus |
658.022 |
744.334 |
1170.662 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
659.022 |
745.334 |
1171.714 |
|
|
|
|
|
|
Long-term borrowings |
156.394 |
297.331 |
143.210 |
|
Short term borrowings |
403.009 |
409.231 |
200.226 |
|
Total
borrowings |
559.403 |
706.562 |
343.436 |
|
Debt/Equity
ratio |
0.849 |
0.948 |
0.293 |
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 |
3228.066 |
3467.889 |
3744.463 |
|
|
|
7.429 |
7.975 |
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 |
3228.066 |
3467.889 |
3744.463 |
|
Profit |
52.760 |
86.312 |
116.372 |
|
|
1.63% |
2.49% |
3.11% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G60842994 |
100132340 |
KOTAK MAHINDRA
BANK LIMITED |
16/10/2017 |
- |
- |
90000000.0 |
27BKC, C 27, G BLOCKBANDRA
KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
2 |
B36631281 |
10346450 |
DIRECTOR OF
INDUSTRIES |
28/03/2012 |
- |
- |
3000000.0 |
S.W.C.A.BADDI,SOLANHP174101IN |
|
3 |
C58503574 |
10132534 |
UNION BANK OF
INDIA |
23/10/2008 |
25/06/2015 |
- |
350000000.0 |
MUMBAI SAMACHAR
MARG BRANCH,66/80, MUMBAI SAMACHAR MARG, FORTMUMBAIMH400023IN |
|
4 |
A42844696 |
10116125 |
UNION BANK OF
INDIA |
26/06/2008 |
- |
- |
10000000.0 |
MUMBAI SAMACHAR
MARG BRANCH, 66 / 80,M.S. MARGMUMBAIMH400023IN |
|
5 |
B83823799 |
10114920 |
UNION BANK OF
INDIA |
10/06/2008 |
20/08/2013 |
- |
325000000.0 |
MUMBAI SAMACHAR
MARG BRANCH,66/80 MUMBAI SAMACHAR MARG,MUMBAIMH400023IN |
|
6 |
A43053693 |
10114918 |
UNION BANK OF
INDIA |
10/06/2008 |
26/06/2008 |
- |
10000000.0 |
MUMBAI SAMACHAR
MARG BRANCH,66/80, M.S.MARGMUMBAIMH400023IN |
|
7 |
G25802125 |
10506728 |
ADITYA BIRLA
FINANCE LIMITED |
30/06/2014 |
30/01/2015 |
10/11/2016 |
190000000.0 |
INDIAN RAYON
COMPOUND,VERAVALGJ362266IN |
|
8 |
C47743729 |
10146083 |
DIRECTOR OF
INDUSTRIES THROUGH DY. DIRECTOR OF INDUSTRIES |
19/01/2009 |
- |
28/02/2015 |
2344200.0 |
SINGLE WINDOW
CLEARANCE AGENCYBADDIBADDIHP173205IN |
|
9 |
B69966224 |
10039520 |
UNION BANK OF
INDIA |
14/02/2007 |
28/11/2007 |
05/03/2013 |
10000000.0 |
VERSOVA BRANCH,
RAJKUMAR CORNER C.H.S. LTD.PLOT NO.105, J. P. ROAD, ANDHERI
(WEST),MUMBAIMH400058IN |
|
10 |
B69917102 |
10039517 |
UNION BANK OF
INDIA |
15/02/2007 |
28/11/2007 |
05/03/2013 |
10817760.0 |
VERSOVA BRANCH, RAJKUMAR
CORNER C.H.S. LTD.PLOT NO.105, J. P. ROAD, ANDHERI (WEST),MUMBAIMH400058IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
0.000 |
127.465 |
|
|
|
|
|
Total |
0.000 |
127.465 |
CHANGE OF ADDRESS:
Registered address of the company has been shifted from B-406 Crystal
Plaza, New Link Road, Andheri (W), Mumbai - 400053, Maharashtra, India to the
present address w.e.f. 14.11.2011.
COMPANY OVERVIEW:
Hygienic Research Institute Private Limited (the Company) was incorporated on 1st April 2002 as HRI Cosmetics (India) Private Limited and subsequently renamed as Hygienic Research Institute Private Limited w.e.f. 11th November 2011.
The Company is a focused fast moving consumer goods company, manufacturing and marketing hair care and skin care products such as hair dye, hair colour, hair oil, ayurvedic oil, shaving cream, skin care creams and toiletry products.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
CLAIMS FOR
EXCISE DUTIES, TAXES & OTHERS |
|
|
|
Excise duty demand (Show cause notice received, against which the company has filed reply with the adjudicating authority |
0.684 |
1.959 |
|
BANK GUARANTEE |
|
|
|
For Institutional Sales |
14.200 |
14.200 |
|
Sales tax subsidy eligibility certificate is yet to be received by the Assam plant for availing the exemption for payment of sales tax |
18.007 |
0.000 |
|
OTHER GUARNATEE |
|
|
|
Co-Applicant & guarantee given by the company for availing mortgage loan from Aditya Birla Finance Ltd., by directors |
0.000 |
94.231 |
FIXED ASSETS:
- Land
- Buildings
- Plant and equipment
- 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 65.06 |
|
UK Pound |
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
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 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.