|
|
|
MIRA INFORM REPORT
|
Report No. : |
501933 |
|
Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MANJEET COTTON PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
318, N-3, CIDCO, Jalna Road, Near Punjab National Bank, Aurangabad –
431003, Maharashtra |
|
Tel. No.: |
91-240-2473363 / 2481763 / 2474463 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
21.11.2005 |
|
|
|
|
Com. Reg. No.: |
11-246580 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 23.011 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U00171MH2005PTC246580 |
|
|
|
|
TIN No.: |
27850567173 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
1106004141 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM5891Q |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAECM5891Q1ZK |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer, Trader, Exporter and Supplier of Kapas, Cotton and Cotton Seed, Oil Mill, and Power Generation- Wind Mill (Registered activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
100 (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 |
|
Maximum Credit Limit : |
USD 4200000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2005. It is a manufacturer,
exporter and supplier of raw cotton, cotton linter, cotton seed, cotton seed
cake, cotton seed oil and cotton yarn. As per the financial of 2017, the revenue of the company has been increased by 9.88% as compared to the previous year. It has achieved a low net profit margin of 0.86%. The sound financial position of the company is marked by healthy net
worth base along with strong debt coverage indicators due to low debt balance sheet profile and fair liquidity
position. Rating takes into
consideration the company’s favourable Earnings Per Share (EPS) of INR
126.900 as against its Face Value (FV) of INR 10. 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 condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 09.04.2018
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. Ganesh Chouhan |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9421308243 |
|
Date : |
06.04.2018 |
LOCATIONS
|
Registered Office : |
318, N-3, CIDCO, Jalna Road, Near Punjab National Bank, Aurangabad –
431003, Maharashtra, India |
|
Tel. No. : |
91-240-2473363 / 2481763 / 2474463 |
|
Mobile No.: |
91-9421308243 (Mr. Ganesh Chouhan) 91-9970015163 (Mr. Dinesh Muchhala) |
|
Fax No. : |
91-240-2473563 / 2486463 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory 1 : |
Gut No. 196, Tehsil Sailu, Parbhani, |
|
Tel. No.: |
91-2451-223063 |
|
Fax No.: |
91-2451-223063 |
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E-Mail : |
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|
|
|
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Sales Office : |
Ramdev Complex, Amoda, Taluka Shirpur,
District Dhule - 425405, Maharashtra, India |
|
|
|
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Factory 2 /
Branch Office 1: |
Gut No. 246, 247, 248, |
|
|
|
|
Factory 3: |
A B Road, Barwani, Sendhwa-451666, Madhya
Pradesh, India |
|
|
|
|
Ginning Factory
: |
Located At:
|
|
|
|
|
Branch Offices : |
Also Located At:
·
Dhar, Chalishgaon, Ahmedabad, Gujarat, India ·
Majalgaon, ·
Georai, ·
Sonpeth, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sanchit Bhupendra Singh Rajpal |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Plot No.12-A-13-Nyaymurti Nagar, N-3, CIDCO, Aurangabad - 431003, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.01.1987 |
||||||||||||||||||||||||||||||||
|
Qualification : |
Post Graduate |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.05.2011 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AIVPR9917L |
||||||||||||||||||||||||||||||||
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DIN No : |
00311190 |
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Other Directorship:
|
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|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Bhupendra Singh Rajpal |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Jawahar Ganj, District-Barwani, Sendhwa - 451666, Madhya Pradesh, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.06.1959 |
||||||||||||||||||||||||||||||||
|
Qualification : |
B .Com |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.11.2005 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
ABAPR6789E |
||||||||||||||||||||||||||||||||
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DIN No : |
00311202 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajendra Singh Rajpal |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Jawahar Ganj, District-Barwani, Sendhwa - 451666, Madhya Pradesh, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.07.1961 |
||||||||||||||||||||||||||||||||
|
Qualification : |
M. Com |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.11.2005 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
ABAPR6790D |
||||||||||||||||||||||||||||||||
|
DIN No : |
00311209 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Dinesh Muchhala |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
99, New Agrawal Nagar, Indore – 452001, Madhya Pradesh, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.06.1984 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.08.2016 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AQDPM9322N |
||||||||||||||||||||||||||||||||
|
DIN No.: |
07469989 |
||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ganesh Chouhan |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rajendra Singh Rajpal |
|
228625 |
|
Bhupendra Singh Rajpal |
|
213125 |
|
Sanchit Rajpal |
|
213000 |
|
Bhupendra Singh Dharamsingh Rajpal (HUF) |
|
213000 |
|
Rajendra Singh Dharamsingh Rajpal (HUF) |
|
213000 |
|
Satpal Kaur Rajpal |
|
213000 |
|
Gurmeet Kaur Rajpal |
|
213000 |
|
Bhupendra Singh Rajendra Singh Rajpal (HUF) |
|
202000 |
|
Surya Prakash Agal |
|
17500 |
|
Rakhi Agal |
|
17500 |
|
Rajendra Singh Rajpal (Partner Manjeet Fibre) |
|
202000 |
|
Rasdeep Singh Chawla HUF |
|
100000 |
|
Parneet Rajpal |
|
31000 |
|
Manjeet Singh Chawla HUF |
|
20000 |
|
Manmeet Kaur Rajpal |
|
204375 |
|
|
|
|
|
Total |
|
2301125 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
89.70 |
|
Promoter – Others
- Firm |
8.78 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
1.52 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Exporter and Supplier of Kapas, Cotton and Cotton Seed, Oil Mill, and Power Generation- Wind Mill (Registered activity and also Confirmed by management) |
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Products : |
|
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|
||||||||||||
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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 : |
Not Available |
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Terms : |
|
||||||||||||
|
Selling : |
Advance Payment, Cheque, Credit (30 Days), NEFT, RTGS |
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|
|
|
||||||||||||
|
Purchasing : |
Advance Payment, Cheque, Credit (30 Days), NEFT, RTGS |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
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Customers : |
Wholesalers
|
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|
|
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No. of Employees : |
100 (Approximately) |
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|
|
|
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|
Bankers : |
1st Floor, Asset Area 9, IBIS Commercial Block, Hospitality District, Delhi Aerocity, New Delhi – 110037, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Prakash Wohra and Company Chartered Accountants |
|
Address : |
210, Royal Gold, 2nd Floor, 4-A, Yeshwant Niwas Road, Opposite City Centre, Indore -452001, Madhya Pradesh, India |
|
Tel No.: |
91-731-2533955 / 4225525 |
|
Email.: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAGPW9633F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Enterprises which are owned, or have significant influence of
or are partners with Key management personnel and their relatives : |
U17121MH2003PTC246582
U17300MP2010PTC023253
U72112MP1990PTC005851
U01405MH2001PTC134006
U17110MH2002PTC136843
U70101MH2011PTC246337
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
INR 10/- each |
INR 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2301125 |
Equity Shares |
INR 10/- each |
INR 23.011 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
23.011 |
23.011 |
23.011 |
|
(b) Reserves and Surplus |
1442.320 |
1150.300 |
976.468 |
|
(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) |
1465.331 |
1173.311 |
999.479 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
646.184 |
543.299 |
553.760 |
|
(b) Deferred tax liabilities (Net) |
80.299 |
24.826 |
34.427 |
|
(c) Other long-term
liabilities |
18.539 |
8.456 |
46.349 |
|
(d) long-term
provisions |
0.000 |
0.045 |
0.105 |
|
Total Non-current
Liabilities (3) |
745.022 |
576.626 |
634.641 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
3763.544 |
2758.415 |
2327.477 |
|
(b) Trade
payables |
498.288 |
437.894 |
99.473 |
|
(c) Other
current liabilities |
48.777 |
3.946 |
34.133 |
|
(d) Short-term
provisions |
331.523 |
236.043 |
123.090 |
|
Total Current
Liabilities (4) |
4642.132 |
3436.298 |
2584.173 |
|
|
|
|
|
|
TOTAL |
6852.485 |
5186.235 |
4218.293 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
884.868 |
586.034 |
567.747 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
37.861 |
24.170 |
23.670 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.938 |
2.829 |
0.154 |
|
(e) Other
Non-current assets |
35.387 |
56.367 |
58.679 |
|
Total Non-Current Assets |
959.054 |
669.400 |
650.250 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2314.409 |
1915.947 |
1785.844 |
|
(c) Trade
receivables |
3070.403 |
2039.166 |
1319.508 |
|
(d) Cash and
bank balances |
253.516 |
326.433 |
185.840 |
|
(e)
Short-term loans and advances |
255.103 |
235.289 |
276.851 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
5893.431 |
4516.835 |
3568.043 |
|
|
|
|
|
|
TOTAL |
6852.485 |
5186.235 |
4218.293 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
33878.520 |
30831.634 |
13474.797 |
|
|
Other Income |
5.531 |
6.183 |
21.295 |
|
|
TOTAL |
33884.051 |
30837.817 |
13496.092 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
15813.541 |
13706.831 |
10645.837 |
|
|
Purchases of
Stock-in-Trade |
16392.008 |
15328.460 |
2362.421 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(459.950) |
(105.022) |
(726.436) |
|
|
Employee benefit expense |
146.001 |
134.069 |
115.209 |
|
|
CSR expenditure |
10.630 |
0.000 |
0.000 |
|
|
Other expenses |
1147.283 |
1100.678 |
582.230 |
|
|
Exceptional items before tax |
3.477 |
8.857 |
2.046 |
|
|
Extraordinary items before tax |
0.000 |
0.000 |
0.185 |
|
|
TOTAL |
33052.990 |
30173.873 |
12981.492 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
831.061 |
663.944 |
514.600 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
270.867 |
299.265 |
250.541 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
560.194 |
364.679 |
264.059 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
107.300 |
89.449 |
93.058 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
452.894 |
275.230 |
171.001 |
|
|
|
|
|
|
|
Less |
TAX |
160.874 |
101.398 |
52.040 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
292.020 |
173.832 |
118.961 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
9626.890 |
7999.089 |
1051.738 |
|
|
TOTAL EARNINGS |
9626.890 |
7999.089 |
1051.738 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
126.90 |
75.54 |
51.70 |
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 |
0.000 |
|
Net cash flows from (used in) operations |
423.387 |
100.887 |
259.715 |
|
Net cash flows from (used in) operating activities |
317.987 |
(10.113) |
194.065 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
33.08 |
24.14 |
35.74 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
11.03 |
15.12 |
10.21 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors / Purchases
* 365] |
|
5.65 |
5.50 |
2.79 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.36 |
0.35 |
0.29 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.94 |
1.13 |
0.91 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.77 |
0.77 |
0.74 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
3.01 |
2.81 |
2.88 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
3.17 |
2.93 |
2.59 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.60 |
0.50 |
0.57 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
3.07 |
2.22 |
2.05 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
0.86 |
0.56 |
0.88 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
4.26 |
3.35 |
2.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
19.93 |
14.82 |
11.90 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.27 |
1.31 |
1.38 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.77 |
0.76 |
0.69 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.21 |
0.23 |
0.24 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
191.64 |
143.48 |
125.21 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.27 |
1.31 |
1.38 |
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 |
23.011 |
23.011 |
23.011 |
|
Reserves & Surplus |
976.468 |
1150.300 |
1442.320 |
|
Net
worth |
999.479 |
1173.311 |
1465.331 |
|
|
|
|
|
|
Long-term borrowings |
553.760 |
543.299 |
646.184 |
|
Short term borrowings |
2327.477 |
2758.415 |
3763.544 |
|
Total
borrowings |
2881.237 |
3301.714 |
4409.728 |
|
Debt/Equity
ratio |
2.883 |
2.814 |
3.009 |
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 |
13474.797 |
30831.634 |
33878.520 |
|
|
|
128.810 |
9.882 |
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 |
13474.797 |
30831.634 |
33878.520 |
|
Profit/ (Loss) |
118.961 |
173.832 |
292.020 |
|
|
0.88
% |
0.56
% |
0.86
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
23.011 |
23.011 |
|
(b) Reserves and Surplus |
|
1440.032 |
1150.257 |
|
(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) |
|
1463.043 |
1173.268 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
646.184 |
543.299 |
|
(b) Deferred tax liabilities (Net) |
|
80.299 |
24.826 |
|
(c) Other long-term
liabilities |
|
18.539 |
8.456 |
|
(d) long-term
provisions |
|
0.000 |
0.045 |
|
Total Non-current
Liabilities (3) |
|
745.022 |
576.626 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
3763.544 |
2758.415 |
|
(b) Trade
payables |
|
498.288 |
437.898 |
|
(c) Other
current liabilities |
|
48.777 |
3.946 |
|
(d) Short-term
provisions |
|
331.523 |
236.043 |
|
Total Current
Liabilities (4) |
|
4642.132 |
3436.302 |
|
|
|
|
|
|
TOTAL |
|
6850.197 |
5186.196 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
884.868 |
586.037 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.001 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
37.795 |
24.103 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
0.938 |
2.829 |
|
(e) Other
Non-current assets |
|
35.387 |
56.367 |
|
Total Non-Current
Assets |
|
958.988 |
669.337 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
2314.409 |
1915.947 |
|
(c) Trade
receivables |
|
3070.403 |
2039.166 |
|
(d) Cash and
bank balances |
|
255.225 |
326.434 |
|
(e)
Short-term loans and advances |
|
251.172 |
235.312 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
5891.209 |
4516.859 |
|
|
|
|
|
|
TOTAL |
|
6850.197 |
5186.196 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
33878.520 |
30831.971 |
|
|
Other Income |
|
5.531 |
6.183 |
|
|
TOTAL |
|
33884.051 |
30838.154 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
15813.541 |
13706.831 |
|
|
Purchases of
Stock-in-Trade |
|
16392.008 |
15328.541 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(459.950) |
(105.014) |
|
|
Employee benefit expense |
|
146.001 |
134.076 |
|
|
CSR expenditure |
|
10.630 |
0.000 |
|
|
Other expenses |
|
1147.588 |
1105.027 |
|
|
Exceptional items before tax |
|
3.478 |
8.857 |
|
|
TOTAL |
|
33053.296 |
30178.318 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
830.755 |
659.836 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
272.807 |
295.180 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
557.948 |
364.656 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
107.300 |
89.451 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
450.648 |
275.205 |
|
|
|
|
|
|
|
Less |
TAX |
|
160.874 |
101.398 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
289.774 |
173.807 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
125.93 |
75.53 |
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 |
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 |
NOTE: Registered office of the company has been
shifted from A.B. Road, Sendhwa Distt. Barwani Madhya Pradesh, India to the present
address w.e.f. 16.07.2013
OPERATIONS AND PERFORMANCE
REVIEW
The Company is mainly engaged in the Manufacturing and Trading of Kapas, Cotton and Cotton Seed, Oil Mill, and Power Generation-Wind Mill. During the year total income of the Company has increased from INR 30837.817 Million for the FY 2015-16 to INR 33884.051 Million for the FY 2016-17, consequently profit of the company has increased from INR 173.832 Million for the FY 2015-16 to INR 292.020 Million for the FY 2016-17. The performance of the company is satisfactory. The Directors are confident and trying hard to increase the profitability during the current financial year with dedicated efforts of the management.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related |
396.645 |
423.679 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Other loans and advances |
0.109 |
0.321 |
|
|
|
|
|
Total |
396.754 |
424.000 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G77482206 |
100155931 |
KOTAK MAHINDRA BANK LIMITED |
12/01/2018 |
- |
- |
300000000.0 |
1st Floor, Asset Area 9, IBIS Commercial Block,Hospitality District, Delhi Aerocity,New DelhiDL110037IN |
|
2 |
G76769272 |
100154222 |
HDFC BANK LIMITED |
14/12/2017 |
- |
- |
250000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G77977114 |
100148568 |
Bank of India |
30/03/2017 |
12/01/2018 |
- |
182000000.0 |
Mid Corporate Branch, Ground Floor, Airen Heights,plot No. 14,PU-3, Scheme No. 54IndoreMH431515IN |
|
4 |
G74170663 |
100148563 |
Bank of India |
30/03/2017 |
- |
- |
48000000.0 |
Mid Corporate Branch, Ground Floor, Airen Heights,plot No. 14,PU-3, Scheme No. 54IndoreMH431801IN |
|
5 |
G33328089 |
100071944 |
Union Bank of India |
21/12/2016 |
- |
- |
48000000.0 |
Mid Corporate Branch, Satguru Parinaya, PU-3Plot No. 5, Opp. C21 Mall, AB RoadIndoreMP452001IN |
|
6 |
G04887857 |
100030423 |
Bank of Baroda |
30/05/2016 |
- |
- |
54000000.0 |
Transport Nagar BranchIndoreMP452001IN |
|
7 |
G01848928 |
100021060 |
Punjab National Bank |
31/03/2016 |
- |
- |
500000000.0 |
IC IndoreIndoreMP452001IN |
|
8 |
C76847466 |
10615387 |
Bank of India |
31/12/2015 |
- |
- |
180000000.0 |
MCB BranchIndoreMP452001IN |
|
9 |
C73975013 |
10609105 |
Bank of Baroda |
19/12/2015 |
- |
- |
40000000.0 |
Transport Nagar BranchIndoreMP452001IN |
|
10 |
C47852611 |
10557290 |
Bank of India |
13/03/2015 |
- |
- |
63000000.0 |
Mid Corporate BranchAiren Heights, plot No. 14, PU-3, Scheme No. 54IndoreMP452010IN |
FIXED 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,
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 |
|
|
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KJL |
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.