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|
MIRA INFORM REPORT
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Report No. : |
502330 |
|
Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
TUFROPES PRIVATE LIMITED (w.e.f. 19.02.2006) |
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|
|
|
Formerly Known
As : |
REEVE COMMERCIALS
PRIVATE LIMITED |
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Registered
Office : |
25, Maker Chambers III, Nariman Point, Mumbai – 400021, Maharashtra |
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Tel. No.: |
91-22-40502600 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
19.11.1992 |
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Com. Reg. No.: |
11-069639 |
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Capital
Investment / Paid-up Capital : |
INR 33.450 Million |
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|
CIN No.: [Company Identification
No.] |
U51900MH1992PTC069639 |
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IEC No.: [Import-Export Code No.] |
0395001935 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACT8968M1ZH |
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PAN No.: [Permanent Account No.] |
AAACT8968M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Ropes, Nets, Twines and Rope Articles and
Fabrics. [Registered
activity and also confirmed by management] |
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No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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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 was incorporated in the year 1992. It is a manufacturer of Ropes, Nets, Twines and Ropes Articles and Fabrics. For the financial year 2017, the revenue of the company has increased by 1.66% along with decent profit margin of 10.33%. The sound financial profile of the company is marked by healthy networth base along with negligible debt level. The company has favourable Earning Per Share (EPS) of INR 89.3 against a face value (FV) of INR 10. The rating takes into consideration the subject’s long established track record of business operations along with extensive experience of its promoters. However, these rating strength are partially offset by volatility associated with raw material prices, foreign exchange fluctuation risk and prevalent competition in High-Density Polyethylene (HDPE)/Polypropylene (PP) ropes segment from un-organized players and unfavouarble gap between trade payables and trade receivables. Business is active. Payment seems to be regular. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE RATING |
|
Rating |
Long Term Bank Facilities = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
06.11.2017 |
|
Rating Agency Name |
CARE RATING |
|
Rating |
Short Term Bank Facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
06.11.2017 |
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
31-03-2018.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 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 DENIED BY
|
Name : |
Mr. Sandeep Somani |
|
Designation : |
DGM Finance |
|
Contact No.: |
91-22-40502600 |
|
Date : |
06.04.2018 |
LOCATIONS
|
Registered Office/Corporate Office : |
25, Maker Chambers III, Nariman Point, Mumbai – 400021, Maharashtra, India
|
|
Tel. No.: |
91-22-40502600 |
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Fax No.: |
91-22-22844167 / 66306418 |
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E-Mail : |
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Website : |
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Area: |
2000 Sq. Ft. |
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Location: |
Owned |
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Locality: |
Commercial |
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Factory 1 : |
Plot No.6, Survey No. 101, Rakholi Industrial Estate, P.O. Rakholi –
396230, Silvassa (Dadra and Nagar Haveli), Union Territory, India |
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Factory 2 : |
Survey No 328 111, Village Masat, Silvassa - 396230, Dadra and Nagar – Haveli, India |
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Factory : |
Located at: ·
Amli, Silvassa ·
Vadodara (They have 3 factories in Silvassa and 1 in Vadodara) |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Arun Sriniwas Goel |
|
Designation : |
Director |
|
Address : |
B-5, Sterling Apartments, 38, Pedder Road, Mumbai – 400026,
Maharashtra, India |
|
Date of Birth/Age : |
31.12.1957 |
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Date of Appointment : |
01.02.1993 |
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PAN No.: |
ADUPG9480B |
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DIN No.: |
00010006 |
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|
|
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Name : |
Ms. Kusum Arun Goel |
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Designation : |
Director |
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Address : |
B-5, Sterling Apartments, 38, Pedder Road, Mumbai – 400026,
Maharashtra, India |
|
Date of Birth/Age : |
17.01.1963 |
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Date of Appointment : |
01.02.1993 |
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PAN No.: |
ADUPG9479L |
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DIN No.: |
00010060 |
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|
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Name : |
Mr. Saurabh Arun Goel |
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Designation : |
Director |
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Address : |
B-5, Sterling Apartments, 38, Pedder Road, Mumbai – 400026,
Maharashtra, India |
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Date of Birth/Age : |
27.12.1984 |
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Date of Appointment : |
24.09.2007 |
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PAN No.: |
AHAPG5777H |
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DIN No.: |
00022496 |
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|
|
|
Name : |
Mr. Virendra Jaikumar Jain |
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Designation : |
Director |
|
Address : |
B 19, Sterling Apartments, 38, Pedder Road, Mumbai – 400026,
Maharashtra, India |
|
Date of Birth/Age : |
19.11.1958 |
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Date of Appointment : |
22.12.1994 |
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DIN No.: |
00077662 |
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Name : |
Mr. Muneshwarnath Tapaswinath Modi |
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Designation : |
Director |
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Address : |
C/12, Gurudev Complex, Phase I, Sayli Road, Silvassa, Dadra Nagar
Haveli, India |
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Date of Birth/Age : |
14.09.1968 |
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Date of Appointment : |
30.06.2006 |
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DIN No.: |
00492652 |
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Name : |
Mr. Madhav Arun Goel |
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Designation : |
Additional Director |
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Address : |
B-5, Sterling Apartments, 38, Pedder Road, Mumbai – 400026,
Maharashtra, India |
|
Date of Birth/Age : |
15.10.1987 |
|
Date of Appointment : |
20.09.2012 |
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PAN No.: |
AJIPG6954C |
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DIN No.: |
03578248 |
KEY EXECUTIVES
|
Name : |
Mr. Viral Vijay Joshi |
|
Designation : |
Secretary |
|
Address : |
2, Ram Tatva Bhavana, 2nd Floor, N.S. Road, Mulund (West),
Mumbai – 400 080, Maharashtra, India |
|
Date of Birth/Age : |
04.01.1985 |
|
Date of Appointment : |
16.05.2014 |
|
PAN No.: |
AIKPJ8968Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Kusum Arun Goel |
|
278100 |
|
Arun Goel |
|
257100 |
|
Saurabh Arun Goel |
|
568650 |
|
Madhav Arun Goel |
|
568650 |
|
Laxmi Satyapal Jain jointly with Satyapal Jain |
|
165100 |
|
Rina Virendra Jain jointly with Virendra Jain |
|
105100 |
|
Sushma Anand Jain jointly with Anand Jain |
|
173790 |
|
Gaurav Jain |
|
392400 |
|
Harsh Jain |
|
383710 |
|
Ankit Jain jointly with Virendra Jain |
|
452400 |
|
|
|
|
|
Total |
|
3345000 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ropes, Nets, Twines and Rope Articles and
Fabrics. [Registered
activity and also confirmed by management] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash, L/C and Credit (30/60 days) |
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Purchasing : |
Cash, L/C and Credit (30/60 days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
2000 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Jayantilal Thakkar and Company Chartered Accountants |
|
Address : |
111-A, Mahatma Gandhi Road, Fort, Mumbai – 400 023, Maharashtra, India
|
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PAN No.: |
AAAFJ3458R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary: |
Tufropes Vietnam Company Limited, Vietnam |
|
|
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Enterprises over
which key managerial personnel are able to exercise significant influence: |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3345000 |
Equity Shares |
INR 10/- each |
INR 33.450 Million |
|
120000 |
Preference Shares |
INR 100/- each |
INR 12.000 Million |
|
455000 |
Preference Shares |
INR 10/- each |
INR 4.550 Million |
|
|
|
|
|
|
|
Total |
|
INR 50.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3345000 |
Equity Shares |
INR 10/- each |
INR 33.450 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 |
33.450 |
33.450 |
33.450 |
|
(b) Reserves &
Surplus |
1736.962 |
1438.248 |
1150.156 |
|
(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) |
1770.412 |
1471.698 |
1183.606 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
43.153 |
72.653 |
230.013 |
|
(b) Deferred tax
liabilities (Net) |
39.602 |
38.624 |
36.643 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
20.685 |
16.648 |
14.376 |
|
Total Non-current
Liabilities (3) |
103.440 |
127.925 |
281.032 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
194.819 |
17.062 |
19.009 |
|
(b) Trade payables |
59.857 |
51.562 |
35.653 |
|
(c) Other current
liabilities |
115.424 |
80.282 |
111.535 |
|
(d) Short-term provisions |
7.048 |
18.225 |
15.180 |
|
Total Current Liabilities
(4) |
377.148 |
167.131 |
181.377 |
|
|
|
|
|
|
TOTAL |
2251.000 |
1766.754 |
1646.015 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1034.641 |
782.936 |
752.882 |
|
(ii) Intangible Assets |
1.934 |
0.150 |
0.438 |
|
(iii) Capital
work-in-progress |
160.226 |
65.302 |
7.105 |
|
(iv) Intangible assets
under development |
0.000 |
0.325 |
0.000 |
|
(b) Non-current
Investments |
21.761 |
26.761 |
26.761 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
34.798 |
16.695 |
55.890 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1253.360 |
892.169 |
843.076 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
3.600 |
71.353 |
1.600 |
|
(b) Inventories |
375.334 |
329.178 |
287.971 |
|
(c) Trade receivables |
350.837 |
328.712 |
353.277 |
|
(d) Cash and cash
equivalents |
24.750 |
28.399 |
17.330 |
|
(e) Short-term loans and
advances |
234.533 |
112.107 |
136.110 |
|
(f) Other current assets |
8.586 |
4.836 |
6.651 |
|
Total Current Assets |
997.640 |
874.585 |
802.939 |
|
|
|
|
|
|
TOTAL |
2251.000 |
1766.754 |
1646.015 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2890.441 |
2843.264 |
2778.648 |
|
|
Other Income |
17.357 |
30.704 |
17.311 |
|
|
TOTAL |
2907.798 |
2873.968 |
2795.959 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1691.972 |
1663.073 |
1811.042 |
|
|
Purchases of Stock-in-Trade |
0.159 |
7.318 |
4.357 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(44.887) |
(23.039) |
31.542 |
|
|
Employees benefits
expense |
296.093 |
264.787 |
227.967 |
|
|
CSR Expenditure |
3.270 |
3.289 |
0.000 |
|
|
Other expenses |
401.133 |
391.661 |
387.039 |
|
|
Prior Period Items |
0.000 |
0.000 |
(8.047) |
|
|
TOTAL |
2347.740 |
2307.089 |
2453.900 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
560.058 |
566.879 |
342.059 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
12.463 |
34.807 |
27.364 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
547.595 |
532.072 |
314.695 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
91.368 |
85.337 |
77.002 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
456.227 |
446.735 |
237.693 |
|
|
|
|
|
|
|
Less |
TAX |
157.514 |
158.643 |
82.772 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
298.713 |
288.092 |
154.921 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1107.449 |
1068.930 |
1094.227 |
|
|
TOTAL EARNINGS |
1107.449 |
1068.930 |
1094.227 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
246.031 |
252.480 |
101.056 |
|
|
TOTAL IMPORTS |
246.031 |
252.480 |
101.056 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
89.30 |
86.13 |
46.31 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover |
|
|
3000.000 |
|
|
|
|
|
The above information has been parted by Mr. Sandeep Somani (DGM
Finance)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
35.625 |
27.263 |
53.625 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
390.778 |
568.859 |
288.372 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
44.30 |
42.20 |
46.41 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.24 |
8.65 |
7.87 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
12.91 |
11.27 |
7.17 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.49 |
1.72 |
1.19 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.47 |
0.67 |
0.45 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.19 |
0.14 |
0.25 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.13 |
0.06 |
0.21 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.21 |
0.11 |
0.15 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.68 |
0.58 |
0.64 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
44.94 |
16.29 |
12.50 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
10.33 |
10.13 |
5.58 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets)
* 100) |
% |
13.27 |
16.31 |
9.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
16.87 |
19.58 |
13.09 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.65 |
5.23 |
4.43 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.65 |
3.26 |
2.84 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.79 |
0.83 |
0.72 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
7.11 |
2.68 |
7.44 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.65 |
5.23 |
4.43 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
33.450 |
33.450 |
33.450 |
|
Reserves & Surplus |
1150.156 |
1438.248 |
1736.962 |
|
Net worth |
1183.606 |
1471.698 |
1770.412 |
|
|
|
|
|
|
long-term borrowings |
230.013 |
72.653 |
43.153 |
|
Short term borrowings |
19.009 |
17.062 |
194.819 |
|
Current Maturities of
Long term debt |
53.625 |
27.263 |
35.625 |
|
Total borrowings |
302.647 |
116.978 |
273.597 |
|
Debt/Equity ratio |
0.256 |
0.079 |
0.155 |
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 |
2778.648 |
2843.264 |
2890.441 |
|
|
|
2.325 |
1.659 |
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 |
2778.648 |
2843.264 |
2890.441 |
|
Profit |
154.921 |
288.092 |
298.713 |
|
|
5.58% |
10.13% |
10.33% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
33.450 |
33.450 |
|
(b) Reserves &
Surplus |
|
1752.711 |
1432.623 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
1786.161 |
1466.073 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
220.436 |
72.653 |
|
(b) Deferred tax
liabilities (Net) |
|
39.602 |
38.624 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
20.685 |
16.648 |
|
Total Non-current
Liabilities (3) |
|
280.723 |
127.925 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
251.926 |
85.525 |
|
(b) Trade payables |
|
70.877 |
58.579 |
|
(c) Other current
liabilities |
|
179.722 |
110.564 |
|
(d) Short-term provisions |
|
7.048 |
18.225 |
|
Total Current Liabilities
(4) |
|
509.573 |
272.893 |
|
|
|
|
|
|
TOTAL |
|
2576.457 |
1866.891 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1054.522 |
818.057 |
|
(ii) Intangible Assets |
|
1.934 |
0.150 |
|
(iii) Capital
work-in-progress |
|
319.438 |
65.302 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.325 |
|
(b) Non-current
Investments |
|
0.000 |
5.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
141.092 |
30.903 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
1516.986 |
919.737 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
3.600 |
71.353 |
|
(b) Inventories |
|
404.243 |
353.522 |
|
(c) Trade receivables |
|
376.779 |
376.404 |
|
(d) Cash and cash
equivalents |
|
49.429 |
29.074 |
|
(e) Short-term loans and
advances |
|
219.006 |
111.965 |
|
(f) Other current assets |
|
6.414 |
4.836 |
|
Total Current Assets |
|
1059.471 |
947.154 |
|
|
|
|
|
|
TOTAL |
|
2576.457 |
1866.891 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
3288.284 |
3200.689 |
|
|
Other Income |
|
18.639 |
32.846 |
|
|
TOTAL |
|
3306.923 |
3233.535 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1943.052 |
1896.567 |
|
|
Purchases of
Stock-in-Trade |
|
0.159 |
7.318 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(45.460) |
(23.141) |
|
|
Employees benefits
expense |
|
346.133 |
300.112 |
|
|
CSR Expenditure |
|
3.270 |
3.289 |
|
|
Other expenses |
|
449.055 |
428.927 |
|
|
TOTAL |
|
2696.209 |
2613.072 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
610.714 |
620.463 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
26.416 |
48.713 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
584.298 |
571.750 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
105.542 |
100.209 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
478.756 |
471.541 |
|
|
|
|
|
|
|
Less |
TAX |
|
159.558 |
158.643 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
319.198 |
312.898 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
95.43 |
93.54 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
|
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
|
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
|
|
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 |
G46766663 |
100105185 |
The Hongkong and Shanghai Banking Corporation Limited |
26/05/2017 |
- |
- |
50000000.0 |
Indiabulls Finance Centre, 26th FloorTower No. 3, Elphinstone Road, MumbaiMumbaiMH400013IN |
|
2 |
G78180759 |
100077343 |
The Hongkong and Shanghai Banking Corporation Limited |
18/01/2017 |
12/02/2018 |
- |
562320000.0 |
52/60 M G ROADFORTMumbaiMH400001IN |
|
3 |
G43509066 |
10603943 |
HDFC BANK LIMITED |
30/10/2015 |
15/03/2017 |
- |
500000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMumbaiMH400013IN |
|
4 |
C69472215 |
10345096 |
Canara Bank |
07/03/2012 |
12/10/2015 |
- |
360000000.0 |
Specialised Prime Corporate Branch, Maker Tower F20th Floor, Cuffe ParadeMumbaiMH400005IN |
|
5 |
C69472827 |
80002752 |
Canara Bank |
05/08/2004 |
12/10/2015 |
- |
446900000.0 |
Specialised Prime Corporate Branch, Maker Tower F20th Floor, Cuffe ParadeMumbaiMH400005IN |
|
6 |
G09203902 |
10344043 |
EXPORT-IMPORT BANK OF INDIA |
12/03/2012 |
16/07/2015 |
05/08/2016 |
183515000.0 |
CENTRE ONE BUILDING, FLOOR 21,WORLD TRADE CENTRE COMPLEX, CUFFE PARADEMUMBAIMH400005IN |
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Factory equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment
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 |
|
|
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
JYO |
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.