|
|
|
MIRA INFORM REPORT
|
Report No. : |
501772 |
|
Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
WELSET PLAST EXTURSIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8 Metalage Industrial Compound, Subhash Road, Off. Caves Road, Jogeshwari [East], Mumbai - 400060, Maharashtra |
|
Tel. No.: |
91-22-28215734/ 28387054 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
08.07.1988 |
|
|
|
|
Com. Reg. No.: |
11-048042 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 29.300
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24134MH1988PTC048042 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACW0614K1ZF |
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|
|
|
IEC No.: [Import-Export Code No.] |
0397045727 |
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|
|
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TIN No.: |
27840164677 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW0614K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
· Manufacturer and Exporter of PVC Compounds, Master-Batches and Pre-Colouring of CAB. [Confirmed by Management] · Manufacturing of Master Batches, PVC Compound and Filler. [Registered Activity] |
|
|
|
|
No. of Employees
: |
15 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1988 having a satisfactory track
record. It is engaged as manufacturer and exporter of PVC compounds,
master-batches and pre-colouring of CAB. For the financial year 2017, the company has achieved decent growth in
its revenue as compared to its previous year and has maintained average
profit margin during the year. Rating takes into consideration, the above-average financial risk
profile marked by adequate networth base and strong debt protection metrics. The ratings continue to reflect the established market position in the
medical-grade compounds business backed by long standing experience of
promoters. However, these rating strength gets partially offset by susceptibility
of profitability to volatility in raw material prices, and low product
diversity that limits growth and operating profitability. Payment seems to be usually correct. 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 |
CRISIL |
|
Rating |
Long-term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
14.02.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short-term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
14.02.2018 |
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 07.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Anthony Rodrigues |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-28215734 |
|
Date : |
05.04.2018 |
LOCATIONS
|
Registered/ Head Office : |
8 Metalage Industrial Compound, Subhash Road, Off. Caves Road, Jogeshwari [East], Mumbai - 400060, Maharashtra, India |
|
Tel. No.: |
91-22-28215734/ 28387054 |
|
Mobile No.: |
91-9324600645 (Office) |
|
Fax No.: |
91-22-28381088 |
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E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 1 : |
Plot No. 19, Shital Industrial Estate, Village Dadra, U.T. of Dadra
and Nagar Haveli, Silvassa – 396230, Dadra and Nagar Haveli
(U.T.), India |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 2 : |
Plot No. 27, Navnit Shah Industrial Estate, Survey No. 259/1/1,
Village Dadra, Silvassa – 396230, Dadra and Nagar Haveli (U.T.), India |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 3 : |
Shed No.1084, Survey No.244/5, Lunavat Industrial Estate, Demni Road,
Village Dadra – 396230, Dadra and Nagar Haveli (U.T.), India |
|
Location : |
Rented |
|
Locality : |
Industrial |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Arvind Mathuradas Mehta |
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Designation : |
Managing Director |
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|
Address : |
5, Neet Deep 12, Bajaj Road, Vile Parle (West), Mumbai 400056, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.08.1945 |
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|
Qualification : |
B. Sc |
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Date of Appointment : |
08.07.1988 |
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PAN No.: |
AAAPM6995L |
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DIN No.: |
00141465 |
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Other Directorship :
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mrs. Indira Arvind Mehta |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
5, Neet Deep 12, Bajaj Road, Vile Parle (West), Mumbai 400056, Maharashtra, India |
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|
Date of Birth/Age : |
19.04.1950 |
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Qualification : |
S.S.C. |
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Date of Appointment : |
08.07.1988 |
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PAN No.: |
AAAPM6997J |
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DIN No.: |
00141569 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Paresh Arvind Mehta |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
5, Neet Deep 12, Bajaj Road, Vile Parle (West), Mumbai 400056, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.06.1972 |
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Qualification : |
B.Com |
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|
Date of Appointment : |
07.03.1996 |
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PAN No.: |
AAAPM6996K |
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DIN No.: |
00141586 |
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Other Directorship :
|
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashok Natwarlal Kothary |
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|
Designation : |
Additional Director |
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|
Address : |
SD-5-6, Himali (Res) Co-Operative Housing Society, 8+13/1/2, Erandawane, Pune 411004, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.09.1949 |
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Date of Appointment : |
04.09.2017 |
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DIN No.: |
00811919 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Anthony Rodrigues |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Arvind M. Mehta |
121900 |
41.60 |
|
Indira A. Mehta |
80800 |
27.58 |
|
Paresh Mehta |
48200 |
16.45 |
|
Arvind M. Mehta H.U.F |
21800 |
7.44 |
|
Nehal P. Mehta |
18800 |
6.42 |
|
Tanisha Mehta |
1500 |
0.51 |
|
|
|
|
|
Total |
293000 |
100.00 |
AS ON 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
85.63 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
14.37 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer and Exporter of PVC Compounds, Master-Batches and Pre-Colouring of CAB. [Confirmed by Management] · Manufacturing of Master Batches, PVC Compound and Filler. [Registered Activity] |
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Products : |
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||||
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Brand Names : |
Not Available |
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|
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Agencies Held : |
Not Available |
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Exports : |
|
||||
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Products : |
Finished Goods |
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Countries : |
· USA · Singapore |
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|
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Imports : |
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||||
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Products : |
Raw Material |
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Countries : |
USA |
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|
||||
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Terms : |
|
||||
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Selling : |
Advance Payment, L/C and Cheque |
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|
||||
|
Purchasing : |
Advance Payment, L/C and Cheque |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
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Customers : |
End Users
|
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|
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|
No. of Employees : |
15 (Approximately) |
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Bankers : |
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|
|||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
N.P. Patwa and Company Chartered Accountants |
|
Address : |
Office No. 8, Building No. 4, 1st Floor, Sona Udyog, Parsi Panchayat Road, Andheri (East), Mumbai – 400069, Maharashtra, India |
|
PAN No.: |
AAGFN2813E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate : |
Welset Extrusionist |
|
|
|
|
Subsidiary Company
: |
Welset Americas Inc. |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
499000 |
Equity Shares |
INR 100/- each |
INR 49.900 Million |
|
1000 |
Preference Shares |
INR 100/- each |
INR 0.100 Million |
|
|
|
|
|
|
|
Total |
|
INR 50.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
293000 |
Equity Shares |
INR 10/- each |
INR 29.300
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 |
29.300 |
29.300 |
29.300 |
|
(b) Reserves and Surplus |
225.998 |
196.637 |
163.379 |
|
(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) |
255.298 |
225.937 |
192.679 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
36.392 |
53.060 |
31.105 |
|
(b) Deferred tax liabilities (Net) |
18.134 |
17.532 |
14.332 |
|
(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) |
54.526 |
70.592 |
45.437 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short-term borrowings |
247.682 |
254.393 |
220.969 |
|
(b)
Trade payables |
313.096 |
274.789 |
283.911 |
|
(c)
Other current liabilities |
6.545 |
4.850 |
18.354 |
|
(d)
Short-term provisions |
0.047 |
0.968 |
2.975 |
|
Total
Current Liabilities (4) |
567.370 |
535.000 |
526.209 |
|
|
|
|
|
|
TOTAL |
877.194 |
831.529 |
764.325 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
156.267 |
163.534 |
131.989 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Tangible assets capital work-in-progress |
20.040 |
18.269 |
0.765 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.164 |
1.164 |
1.164 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
177.471 |
182.967 |
133.918 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
25.293 |
22.527 |
21.195 |
|
(b)
Inventories |
209.810 |
179.842 |
229.205 |
|
(c)
Trade receivables |
384.546 |
363.078 |
287.626 |
|
(d)
Cash and bank balances |
4.773 |
4.371 |
2.791 |
|
(e)
Short-term loans and advances |
46.267 |
43.814 |
54.270 |
|
(f)
Other current assets |
29.034 |
34.930 |
35.320 |
|
Total
Current Assets |
699.723 |
648.562 |
630.407 |
|
|
|
|
|
|
TOTAL |
877.194 |
831.529 |
764.325 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1450.724 |
1369.521 |
1395.832 |
|
|
Other Income |
6.035 |
5.966 |
5.244 |
|
|
TOTAL |
1456.759 |
1375.487 |
1401.076 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1061.136 |
1023.009 |
1108.274 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
1.309 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
26.618 |
23.449 |
(8.953) |
|
|
Employee benefit expense |
68.690 |
54.440 |
49.692 |
|
|
Other expenses |
189.696 |
155.576 |
150.245 |
|
|
Prior period items |
0.000 |
0.000 |
0.148 |
|
|
Extraordinary items |
(0.005) |
0.000 |
0.000 |
|
|
TOTAL |
1346.135 |
1257.783 |
1299.406 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
110.624 |
117.704 |
101.670 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
44.240 |
51.632 |
47.548 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
66.384 |
66.072 |
54.122 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
17.095 |
16.533 |
15.242 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
49.289 |
49.539 |
38.880 |
|
|
|
|
|
|
|
Less |
TAX |
16.402 |
14.516 |
12.824 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
32.887 |
35.023 |
26.056 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
296.626 |
278.631 |
189.456 |
|
|
TOTAL EARNINGS |
296.626 |
278.631 |
189.456 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
275.629 |
192.022 |
151.068 |
|
|
TOTAL IMPORTS |
275.629 |
192.022 |
151.068 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
112.24 |
119.53 |
88.93 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
4.440 |
|
|
|
|
|
|
Net Cash flows from (used in) Operations |
101.708 |
82.268 |
45.355 |
|
|
|
|
|
|
Net Cash flows from (used in) Operating activities |
85.316 |
70.653 |
32.957 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
96.75 |
96.77 |
75.21 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.77 |
3.77 |
4.85 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
107.70 |
97.92 |
93.50 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.53 |
0.65 |
0.44 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.63 |
0.65 |
0.77 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.69 |
0.71 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.11 |
1.36 |
1.33 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.22 |
2.37 |
2.73 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.69 |
0.80 |
0.69 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.50 |
2.28 |
2.14 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.27 |
2.56 |
1.87 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.75 |
4.21 |
3.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.88 |
15.50 |
13.52 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.23 |
1.21 |
1.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.86 |
0.88 |
0.76 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.27 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.70 |
10.49 |
8.75 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.23 |
1.21 |
1.20 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
29.300 |
29.300 |
29.300 |
|
Reserves & Surplus |
163.379 |
196.637 |
225.998 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
192.679 |
225.937 |
255.298 |
|
|
|
|
|
|
Long-term borrowings |
31.105 |
53.060 |
36.392 |
|
Short term borrowings |
220.969 |
254.393 |
247.682 |
|
Current maturities of
long-term debts |
4.440 |
0.000 |
0.000 |
|
Total
borrowings |
256.514 |
307.453 |
284.074 |
|
Debt/Equity
ratio |
1.331 |
1.361 |
1.113 |
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 |
1395.832 |
1369.521 |
1450.724 |
|
|
|
(1.885) |
5.929 |
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 |
1395.832 |
1369.521 |
1450.724 |
|
Profit/ (Loss) |
26.056 |
35.023 |
32.887 |
|
|
1.87
% |
2.56
% |
2.27
% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
A67524579 |
10094298 |
STATE BANK OF INDIA |
01/12/2007 |
14/03/2009 |
- |
13400000.0 |
INDUSTRIAL FINANCE BRANCHS.V. ROAD, MALAD WESTMUMBAIMH400064IN |
|
2 |
A67524777 |
10093753 |
STATE BANK OF INDIA |
01/12/2007 |
14/03/2009 |
- |
9200000.0 |
INDUSTRIAL FINANCE BRANCHS.V.ROAD, MALAD WESTMUMBAIMH400064IN |
|
3 |
G01299981 |
10004495 |
STATE BANK OF INDIA |
24/04/2006 |
22/03/2016 |
- |
443400000.0 |
IFB, NATRAJ BUILDING, 102, 1ST FLOOR, 194,SIR M V ROAD WESTERN EXPRESS HIGHWAY, ANDHERI (E),MUMBAIMH400069IN |
|
4 |
A63327548 |
90237687 |
SBI FACTORS AND COMMERCIAL SERVICES PRIVATE LIMITED |
12/03/2005 |
04/05/2009 |
- |
50000000.0 |
102, ORACLE POINT, 3 TURNER ROAD,OPP BANDRA RAILWAY STATION, BANDRA (WEST),MUMBAIMH400050IN |
|
5 |
Y10343937 |
90236300 |
STATE BANK OF INDIA |
18/03/2004 |
24/05/2005 |
- |
20000000.0 |
INDUSTRIAL FINANCE BRANCHMALADMUMBAIMHIN |
|
6 |
Y10345240 |
90237603 |
STATE BANK OF INDIA |
18/03/2004 |
19/05/2005 |
- |
20000000.0 |
INDUSTRIAL FINANCE BRANCHMALAD WESTMUMBAIMH400064IN |
|
7 |
Y10344877 |
90237240 |
STATE BANK OF INDIA |
24/12/1997 |
24/05/2005 |
- |
1425000.0 |
INDUSTRIAL FINANCE BRANCHMALAD WESTMUMBAIMH400064IN |
|
8 |
Y10344790 |
90237153 |
STATE BANK OF INDIA |
24/06/1996 |
24/05/2005 |
- |
2300000.0 |
INDUSTRIAL FINANCE BRANCHMALAD WESTMUMBAIMH400064IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
15.963 |
23.337 |
|
|
|
|
|
Total |
15.963 |
23.337 |
FIXED ASSETS:
·
Land
·
Factory building
·
Plant and equipment
·
Factory equipments
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Motor 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, India Prisons Service,
Interpol, etc.
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
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.99 |
|
UK Pound |
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
BVA |
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.