|
|
|
MIRA INFORM REPORT
|
Report No. : |
502503 |
|
Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
RATHNA PACKAGING INDIA PRIVATE LIMITED |
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|
|
|
Registered
Office : |
No. 19, 15th Cross, 15th Main, 4th Sector, HSR Layout,
Bangalore-560102, Karnataka |
|
Tel. No.: |
91-80-25720005 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
30.12.2005 |
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|
|
|
Com. Reg. No.: |
08-038098 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 160.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21022KA2005PTC038098 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0706001559 |
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|
|
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GSTN : [Goods & Service Tax
Registration No.] |
29AADCR2300J1ZK |
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|
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|
TIN No.: |
29441231282 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCR2300J |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
·
Manufacturer and Exporter of Flexible Packaging and Other Polythene Allied Products. [Confirmed by Management] · Manufacturer and Sale of corrugated boxes, rolls, card board packaging, plastic packaging, polythene packaging, containers, hollow wares, whether made of leather plastic, H.D.P., L.D.P., Polypropylene, etc. [As per Memorandum of Association] |
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|
|
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No. of Employees
: |
500 (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 |
|
Maximum Credit Limit : |
USD 1006800 |
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|
|
|
Status : |
Satisfactory |
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|
|
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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 2005 and it is having satisfactory
track. For the financial year 2017, the company has increased in its revenue
from operations as compared to previous year and maintained average profit
margin of 1.73%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and average debt balance sheet. Further, rating also derives strength from company’s long standing track records of business operations along with improvement in the revenue as well profitability profile during the year. Trade relations are reported as fair. Business is active. Payments are
seems to be usually correct. In view of the 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
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
31-03-2016.
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
|
Name : |
Mr. Bhaskar |
|
Designation : |
Finance and Accounts Manager |
|
Contact No.: |
91-9894767701 |
|
Date : |
06.04.2018 |
LOCATIONS
|
Registered/ Corporate Office : |
No. 19, 15th Cross, 15th Main, 4th Sector, HSR Layout,
Bangalore-560102, Karnataka, India |
|
Tel. No.: |
91-80-25720005 |
|
Mobile No.: |
91-9894767701 (Mr. Bhaskar) |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
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Manufacturing Unit
I : |
Plot No. 55, SIPCOT Industrial Complex, Phase-I, Mookandapalli Post, Hosur – 635126, Tamilnadu, India |
|
Tel. No.: |
91-4344-400221 |
|
Fax No.: |
91-4344-400225 |
|
|
|
|
Manufacturing Unit II
: |
Plot No. 852/2A, Aggondapalli Village, Achettipalli Post, Denkanikottai Taluk, Krishnagiri -635110, Tamilnadu, India |
|
Tel. No.: |
91-4347-291177 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Bodugu Sudhakar |
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Designation : |
Managing Director |
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|
Address : |
No. 540, 17th Cross, 17th Main 4th Sector, HSR Layout,
Bangalore-560102, Karnataka, India |
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Date of Birth/Age : |
25.05.1973 |
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Qualification |
B. Tech |
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Date of Appointment : |
30.12.2005 |
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PAN No.: |
ALAPS2490P |
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DIN No.: |
01854832 |
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Other Directorship:
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Name : |
Mrs. Bodugu Geetha |
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Designation : |
Director |
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Address : |
Kolamasanapalle Village Post, Palamaner Mandal, Chittoor
Dist-517432,
Andhra Pradesh, India |
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Date of Birth/Age : |
09.08.1979 |
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Qualification |
B. Sc |
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Date of Appointment : |
01.04.2006 |
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PAN No.: |
AGSPG0810A |
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DIN No.: |
02674245 |
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Other Directorship:
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Name : |
Eaduguri Raghunatha Reddy |
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Designation : |
Director |
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Address : |
2-7, Gaddindlu, Gollacheemana Palli Baireddipallle,
Chittoor District-517415, Andhra Pradesh, India |
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Date of Birth/Age : |
15.04.1982 |
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Qualification |
M.Com |
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Date of Appointment : |
19.05.2017 |
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DIN No.: |
06932143 |
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Other Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mrs. Sunitha Pratap Chandgudi |
|
Designation : |
Company Secretary |
|
Address : |
No. 37/8, Mathru Priya Ladies PG, Gangadhar Layout
Vijayanagar, Bangalore- 560040, Karnataka, India |
|
Date of Appointment : |
26.02.2018 |
|
PAN No.: |
AQOPC4699M |
|
|
|
|
Name : |
Mr. Bhaskar |
|
Designation : |
Finance and Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
B. Sudhakar |
656000 |
41.00 |
|
B. Geetha |
640000 |
40.00 |
|
Bodugu Gangi Reddy |
152000 |
9.50 |
|
Rathna Reddy |
152000 |
9.50 |
|
|
|
|
|
Total |
1600000 |
100.00 |
AS ON: 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Manufacturer and Exporter of Flexible Packaging and Other Polythene Allied Products. [Confirmed by Management] · Manufacturer and Sale of corrugated boxes, rolls, card board packaging, plastic packaging, polythene packaging, containers, hollow wares, whether made of leather plastic, H.D.P., L.D.P., Polypropylene, etc. [As per Memorandum of Association] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· Sri Lanka · Africa · European Countries |
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Terms : |
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Selling : |
Advance Payment, L/C, Cheque, Credit and Others (RTGS, NEFT) |
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Purchasing : |
Advance Payment, L/C, Cheque, Credit and Others (RTGS, NEFT) |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesaler, Retailers and End Users
· Christy Friedgrams · Aachi Masala · Lotte · Savorit Limited · BOSCH, ITC, 3 M India, Carburandom, HUL, etc. · TVS and Sundaram · Nilgiris ·
Wipro ·
Hindustan Uniliver Limited |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
· IndusInd Bank Limited 2401, Gen. Thimmayya Road, Cantonment, Pune-411001, Maharashtra, India · Axis Bank Limited Corporate Banking Branch, Express Building, Second Floor, No.1, Queen's Road, Bangalore- 560001, Karnataka, India |
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|
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Financial Institution : |
· Tata Capital Financial Services Limited One Forbes, Dr. V B Gandhi Marg, Fort, Mumbai-400001,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
S. Batrayasamy and Company Chartered Accountants |
|
Address : |
72/5A, Anna Nagar, Opposite Parimalam School, Old Telephone Exchange Road, Hosur - 635109, Tamilnadu, India |
|
PAN No.: |
AEKPB5841E |
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|
|
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Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
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|
|
|
Enterprise in which key Management
personnel have significant Influence : |
· Asian Packaging · Rathna Bioteck Private Limited · Neo Heights Builders and Promoters Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 100/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1600000 |
Equity Shares |
INR 100/- each |
INR 160.000
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 |
160.000 |
160.000 |
160.000 |
|
(b) Reserves and Surplus |
192.405 |
155.709 |
129.487 |
|
(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) |
352.405 |
315.709 |
289.487 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
110.465 |
124.124 |
99.456 |
|
(b) Deferred tax liabilities (Net) |
1.522 |
1.201 |
1.284 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.118 |
0.069 |
|
Total Non-current
Liabilities (3) |
111.987 |
125.443 |
100.809 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
747.363 |
416.658 |
366.755 |
|
(b) Trade
payables |
217.859 |
166.834 |
199.640 |
|
(c) Other current
liabilities |
49.825 |
39.615 |
33.534 |
|
(d) Short-term
provisions |
32.296 |
17.944 |
9.579 |
|
Total Current
Liabilities (4) |
1047.343 |
641.051 |
609.508 |
|
|
|
|
|
|
TOTAL |
1511.735 |
1082.203 |
999.804 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
381.986 |
322.548 |
290.337 |
|
(ii)
Intangible Assets |
0.512 |
0.464 |
0.133 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
15.216 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
19.214 |
20.707 |
10.552 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
401.712 |
358.935 |
301.022 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.742 |
0.238 |
0.000 |
|
(b)
Inventories |
261.270 |
212.998 |
189.557 |
|
(c) Trade
receivables |
372.856 |
355.851 |
354.114 |
|
(d) Cash and
bank balances |
79.089 |
50.368 |
20.343 |
|
(e)
Short-term loans and advances |
395.891 |
103.527 |
134.426 |
|
(f) Other
current assets |
0.175 |
0.286 |
0.342 |
|
Total
Current Assets |
1110.023 |
723.268 |
698.782 |
|
|
|
|
|
|
TOTAL |
1511.735 |
1082.203 |
999.804 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2118.609 |
1750.893 |
1508.607 |
|
|
Other Income |
23.173 |
14.929 |
2.747 |
|
|
TOTAL |
2141.782 |
1765.822 |
1511.354 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1668.667 |
1412.192 |
1222.905 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.725 |
(30.687) |
(0.195) |
|
|
Employee benefit expense |
110.966 |
98.052 |
77.842 |
|
|
Other expenses |
181.840 |
127.962 |
95.427 |
|
|
TOTAL |
1964.198 |
1607.519 |
1395.979 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
177.584 |
158.303 |
115.375 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
57.627 |
56.729 |
44.498 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
119.957 |
101.574 |
70.877 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
66.163 |
59.520 |
46.251 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
53.794 |
42.054 |
24.626 |
|
|
|
|
|
|
|
Less |
TAX |
17.098 |
15.831 |
9.422 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
36.696 |
26.223 |
15.204 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
585.000 |
660.449 |
510.768 |
|
|
TOTAL EARNINGS |
585.000 |
660.449 |
510.768 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
285.650 |
130.541 |
21.229 |
|
|
Capital Goods |
0.000 |
0.000 |
11.920 |
|
|
TOTAL IMPORTS |
285.650 |
130.541 |
33.149 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
22.93 |
16.39 |
12.14 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
33.568 |
31.819 |
27.534 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(103.167) |
135.292 |
(11.366) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(103.167) |
135.292 |
(11.366) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
64.24 |
74.18 |
85.68 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.68 |
4.92 |
4.26 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
47.65 |
43.12 |
59.59 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.68 |
0.74 |
0.61 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.46 |
0.47 |
0.40 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.79 |
0.74 |
0.74 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.53 |
1.81 |
1.71 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.97 |
2.03 |
2.11 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.09 |
1.07 |
1.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.08 |
2.79 |
2.59 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.73 |
1.50 |
1.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.43 |
2.42 |
1.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.41 |
8.31 |
5.25 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.06 |
1.13 |
1.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.81 |
0.80 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.23 |
0.29 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.57 |
3.58 |
3.09 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.06 |
1.13 |
1.15 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
160.000 |
160.000 |
160.000 |
|
Reserves & Surplus |
129.487 |
155.709 |
192.405 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
289.487 |
315.709 |
352.405 |
|
|
|
|
|
|
Long-term borrowings |
99.456 |
124.124 |
110.465 |
|
Short term borrowings |
366.755 |
416.658 |
747.363 |
|
Current maturities of
long-term debts |
27.534 |
31.819 |
33.568 |
|
Total
borrowings |
493.745 |
572.601 |
891.396 |
|
Debt/Equity
ratio |
1.706 |
1.814 |
2.529 |
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 |
1508.607 |
1750.893 |
2118.609 |
|
|
|
16.060 |
21.002 |
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 |
1508.607 |
1750.893 |
2118.609 |
|
Profit/ (Loss) |
15.204 |
26.223 |
36.696 |
|
|
1.01
% |
1.50
% |
1.73
% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 |
No |
|
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
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G44265965 |
100098655 |
INDUSIND BANK LIMITED |
19/04/2017 |
- |
- |
35500000.0 |
2401, Gen. Thimmayya RoadCantonmentPuneMH411001IN |
|
2 |
G44402006 |
100099072 |
State Bank of India |
06/04/2017 |
- |
- |
12300000.0 |
No. 26/A, Electronic City BranchHosur RoadBangaloreKA560100IN |
|
3 |
G30319032 |
100053538 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
01/09/2016 |
01/12/2016 |
- |
50000000.0 |
ONE FORBES,DR V B GANDHI MARG, FORTMUMBAIMH400001IN |
|
4 |
C69025245 |
10543577 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
29/10/2014 |
16/10/2015 |
- |
25000000.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
5 |
C17511353 |
10516137 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
21/07/2014 |
- |
- |
45000000.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
6 |
G48769616 |
10481110 |
Axis Bank Limited |
12/02/2014 |
21/06/2017 |
- |
351000000.0 |
Corporate Banking Branch, Express BuildingNo.1, Queens RoadBangaloreKA560001IN |
|
7 |
G12237897 |
10262669 |
State Bank of India |
28/12/2010 |
25/08/2016 |
- |
442400000.0 |
No. 26/A, Electronic City BranchHosur RoadBangaloreKA560100IN |
|
8 |
G70728076 |
10543039 |
State Bank of India |
26/09/2014 |
- |
13/12/2017 |
1184000.0 |
No. 26/A, Electronic City BranchHosur RoadBangaloreKA560100IN |
|
9 |
G70729777 |
100024863 |
State Bank of India |
28/04/2016 |
- |
13/12/2017 |
800000.0 |
No. 26/A, Electronic City BranchHosur RoadBangaloreKA560100IN |
|
10 |
G70729116 |
100027660 |
State Bank of India |
12/01/2016 |
- |
13/12/2017 |
450000.0 |
No. 26/A, Electronic City BranchHosur RoadBangaloreKA560100IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from others |
14.706 |
4.268 |
|
|
|
|
|
Total |
14.706 |
4.268 |
REVIEW OF BUSINESS OPERATIONS AND FUTURE
PROSPECTS:
During the financial year 2016-17, the company has registered total revenue of INR 2141.782 Million showing a increase of 21.29%, compared to the total revenue of INR 1765.822 Million in the financial year 2015-16. The company has made a Net Profit after tax of INR 36.696 Million as against a Net Profit of INR 26.223 Million in the previous year. The directors are confident of driving the company towards growth in business and profitability in the ensuring years and efforts are being made to increase the sales which will gear up to the expected level of operations in the years to come.
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from No.
26, Rajiv Gandhi Nagar, 3rd Main, 7th Sector, 18th Cross, HSR Layout, Bangalore
– 560068, Karnataka, India to the present address w.e.f 01.06.2012
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON DESIGNATED
PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is or
was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.99 |
|
UK Pound |
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
IND |
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.