|
|
|
MIRA INFORM REPORT
|
Report No. : |
502230 |
|
Report Date : |
10.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SILVER SPARK APPAREL LIMITED (w.e.f 16.09.2003) |
|
|
|
|
Formerly Known
As : |
RAYMOND TECHNOLOGY SOLUTIONS LIMITED |
|
|
|
|
Registered
Office : |
New Hind House, Narottam Morarjee Marg, Ballard Estate, Mumbai –
400001, Maharashtra |
|
Tel. No.: |
91-22-22686000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
20.07.2000 |
|
|
|
|
Com. Reg. No.: |
11-127831 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 170.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2000PLC127831 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0303079169 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR1288G |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCR1288G1ZB |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of trousers and jackets (Registered Activity) |
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|
|
|
No. of Employees
: |
Information denied by the management |
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 2900000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Silver Spark Apparel Limited (SSAL), a wholly owned subsidiary of Raymond Limited (RL), incorporated in the year 2000 and manufactures suits and formal trousers catering largely to export markets. As per registrar of companies the date of balance sheet i.e. financial filed is shown as 31.03.2017 but the documents related to the financial for the year 31.02.2017 are not available from any source. For the financial year 2016, the company has achieved decent growth in its revenue as compared to its previous year along with fair profit margin during the year. Rating takes into consideration, the healthy financial risk profile marked by adequate net worth base and comfortable debt protection metrics. Rating continue to derive strength from the strong parentage coupled with operational linkages as well as financial support from the parent (Raymond Limited). However, these rating strengths gets partially offset by raw material volatility risk, exposure to foreign exchange risk and intense competition in the industry. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term rating = A |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
28.03.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating = A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
28.03.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 10.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
Management non-cooperative (Tel No.:91-80-67899000 / 91-22-22686000)
LOCATIONS
|
Registered Office : |
New Hind House, Narottam Morarjee Marg, Ballard Estate, Mumbai –
400001, Maharashtra, India |
|
Tel. No.: |
91-22-22686000 |
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Fax No.: |
91-22-22620052 |
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E-Mail : |
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|
Website : |
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|
|
|
|
Corporate Office: |
2nd and 3rd Floor, Prestige Star -1, Major Sandeep Unnikrishanan
Road, Near Mother Dairy, Yelahanka New Town, Bangalore -560064, Karnataka,
India |
|
Tel No.: |
91-80-67899000 |
|
Fax No.: |
91-80-67899199 |
|
|
|
|
Factory : |
SR.# 56, Majara Hosahalli, Behind DIADB Industrial Estate, Veerapur
P.O., Doddaballapur, Bangalore – 561203, Karnataka, India |
|
Tel. No.: |
91-80-27630449 / 27630440 / 27630448 / 27630449 |
|
Fax No.: |
91-80-27630438 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Gautam Hari Singhania |
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Designation : |
Director |
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Address : |
J. K. House, 59 A, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra,
India |
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Date of Birth/Age : |
09.09.1965 |
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Qualification : |
B Com (Hons.) |
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Date of Appointment : |
20.07.2000 |
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DIN No: |
00020088 |
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Other
Directorship:
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Name : |
Mr. Narayanan Ramalingam |
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|
Designation : |
Director |
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Address : |
B 404, 4th Floor, Runwal Pride,, LBS Marg, Mulund (West), Mumbai- 400080, Maharashtra, INDIA |
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|
Date of Appointment : |
10.03.2015 |
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DIN No.: |
00631703 |
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Other
Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Ramchandra Anant Prabhudesai |
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|
Designation : |
Director |
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|
Address : |
401, Malhari Sadan , Ajmal Road, Vile Parle (East), Mumbai, 400057, Maharashtra, India |
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Date of Appointment : |
10.03.2015 |
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DIN No.: |
07095983 |
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Other
Directorship:
|
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ram Krishna Bhatnagar |
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|
Designation : |
Director |
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|
Address : |
Flat No. 2101/2102 B, Girija Building, Neelkanth Heights, Pokharan Road No. 2, Shivai Ngr Thane - 400606, Maharashtra, India |
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Date of Appointment : |
23.12.2015 |
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DIN No.: |
02313614 |
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Other
Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Ram Krishna Bhatnagar |
|
Designation : |
Manager |
|
Address : |
Flat No. 2101/2102 B, Girija Building, Neelkanth Heights, Pokharan Road No. 2, Shivaji Nagar Thane- 400606, Maharashtra, India |
|
Date of Appointment : |
23.11.2015 |
|
PAN No.: |
AAQPB4697Q |
|
|
|
|
Name : |
Mr. Sandeep Kumar |
|
Designation : |
Chief Finance Officer |
|
Address : |
902, Cascade Range, Heritage Estate, Yelahanka, Bangalore- 560064, Karnataka, India |
|
Date of Appointment : |
25.04.2014 |
|
PAN No.: |
ABKPK7637G |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Raymond Limited, India |
|
8488030 |
|
Raymond Limited jointly with Gautam Hari V. Singhani |
|
10 |
|
Raymond Limited jointly with Priti N. Alkari |
|
10 |
|
Raymond Limited jointly with Thomas Fernandes |
|
10 |
|
Raymond Limited jointly with Yoshita Vora |
|
10 |
|
Raymond Limited jointly with Varun Mahajan |
|
10 |
|
Raymond Limited jointly with S L Pokharna |
|
10 |
|
Raymond Limited jointly with Gaurav Sainani |
|
10 |
|
Total |
|
8488100 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Raymond Limited, |
|
500000 |
|
Total |
|
500000 |
Equity Share Break up (Percentage of Total Equity)
As on 01.06.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Trousers and Jackets. (Registered Activity) |
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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 : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Dalal and Shah LLP Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar, Mumbai -400028, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFD0907D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company:
(As on 2017) |
|
|
|
|
|
Subsidiary Company: (As on 2017) |
|
|
|
|
|
Fellow subsidiary
Companies with whom transation have taken place during the year : |
|
|
|
|
|
Other related
parties: |
|
CAPITAL STRUCTURE
As on 01.06.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
INR 10/- each |
INR 400.000 Million |
|
1000000 |
Preference Shares |
INR 100/- each |
INR 100.000 Million |
|
|
Total |
|
INR 500.000
Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9488100 |
Equity Shares |
INR 10/- each |
INR 94.881 Million |
|
500000 |
Preference Shares |
INR 100/- each |
INR 50.000 Million |
|
|
Total |
|
INR 144.881
Million |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8488100 |
Equity Shares |
INR 10/- each |
INR 84.881 Million |
|
500000 |
Preference Shares |
INR 100/- each |
INR 50.000 Million |
|
|
Total |
|
INR 134.881
Million |
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
INR 10/- each |
INR 400.000 Million |
|
1000000 |
Preference Shares |
INR 100/- each |
INR 100.000 Million |
|
|
Total |
|
INR 500.000 Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
|
1000000 |
Preference Shares |
INR 100/- each |
INR 100.000 Million |
|
|
|
|
INR 180.000
Million |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
|
1000000 |
Preference Shares |
INR 100/- each |
INR 100.000 Million |
|
|
|
|
INR 170.000
Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
170.000 |
170.000 |
170.000 |
|
(b) Reserves and Surplus |
847.129 |
714.115 |
551.735 |
|
(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) |
1017.129 |
884.115 |
721.735 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
471.426 |
658.317 |
693.108 |
|
(b) Deferred tax liabilities (Net) |
69.156 |
76.272 |
88.409 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
540.582 |
734.589 |
781.517 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
295.135 |
6.521 |
245.176 |
|
(b) Trade
payables |
596.028 |
485.038 |
554.363 |
|
(c) Other current
liabilities |
351.468 |
262.925 |
226.214 |
|
(d) Short-term
provisions |
44.594 |
43.702 |
14.923 |
|
Total Current
Liabilities (4) |
1287.225 |
798.186 |
1040.676 |
|
|
|
|
|
|
TOTAL |
2844.936 |
2416.890 |
2543.928 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1036.083 |
1068.214 |
988.686 |
|
(ii)
Intangible Assets |
2.155 |
1.402 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.719 |
0.000 |
12.254 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
105.263 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
262.382 |
33.061 |
28.997 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1406.602 |
1102.677 |
1029.937 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
50.100 |
0.000 |
|
(b)
Inventories |
804.192 |
782.393 |
816.454 |
|
(c) Trade
receivables |
449.602 |
278.423 |
540.369 |
|
(d) Cash and
bank balances |
1.508 |
59.212 |
20.988 |
|
(e)
Short-term loans and advances |
41.234 |
34.456 |
37.289 |
|
(f) Other
current assets |
141.798 |
109.629 |
98.891 |
|
Total
Current Assets |
1438.334 |
1314.213 |
1513.991 |
|
|
|
|
|
|
TOTAL |
2844.936 |
2416.890 |
2543.928 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
4233.904 |
3927.692 |
3139.084 |
|
|
Other Income |
39.533 |
105.397 |
4.606 |
|
|
TOTAL |
4273.437 |
4033.089 |
3143.690 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2301.315 |
2132.702 |
1953.760 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.963 |
63.433 |
(311.243) |
|
|
Employee benefit expense |
801.536 |
708.372 |
414.155 |
|
|
CSR expenditure |
5.600 |
4.900 |
0.000 |
|
|
Other expenses |
753.346 |
693.377 |
629.744 |
|
|
TOTAL |
3864.760 |
3602.784 |
2686.416 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
408.677 |
430.305 |
457.274 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
107.384 |
97.601 |
65.608 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
301.293 |
332.704 |
391.666 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
80.007 |
83.045 |
52.928 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
221.286 |
249.659 |
338.738 |
|
|
|
|
|
|
|
Less |
TAX |
88.272 |
87.279 |
115.441 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
133.014 |
162.380 |
223.297 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
3795.102 |
3511.510 |
2813.856 |
|
|
TOTAL EARNINGS |
3795.102 |
3511.510 |
2813.856 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
807.246 |
739.661 |
684.131 |
|
|
Components and spare
parts |
13.259 |
13.673 |
5.627 |
|
|
Capital Goods |
8.027 |
66.380 |
0.973 |
|
|
TOTAL IMPORTS |
828.532 |
819.714 |
690.731 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
19.00 |
23.20 |
31.90 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
165.891 |
115.791 |
121.491 |
|
Net cash flows from (used in) operations |
306.808 |
721.999 |
129.839 |
|
Net cash flows from (used in) operating activities |
221.877 |
624.473 |
41.746 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
38.76 |
25.87 |
62.83 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
9.42 |
14.11 |
5.81 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
94.53 |
83.01 |
103.57 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.51 |
0.55 |
0.56 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.39 |
0.40 |
0.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.68 |
0.65 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.92 |
0.88 |
1.47 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.27 |
0.90 |
1.44 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.02 |
1.21 |
1.39 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.81 |
4.41 |
6.97 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
3.14 |
4.13 |
7.11 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.68 |
6.72 |
8.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
13.08 |
18.37 |
30.94 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.12 |
1.65 |
1.45 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.49 |
0.67 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.36 |
0.37 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.49 |
4.59 |
6.23 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.12 |
1.65 |
1.45 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
170.000 |
170.000 |
170.000 |
|
Reserves & Surplus |
551.735 |
714.115 |
847.129 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
721.735 |
884.115 |
1017.129 |
|
|
|
|
|
|
Long-term borrowings |
693.108 |
658.317 |
471.426 |
|
Short term borrowings |
245.176 |
6.521 |
295.135 |
|
Current maturities of
long-term debts |
121.491 |
115.791 |
165.891 |
|
Total
borrowings |
1059.775 |
780.629 |
932.452 |
|
Debt/Equity
ratio |
1.468 |
0.883 |
0.917 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3139.084 |
3927.692 |
4233.904 |
|
|
0.000 |
25.122 |
7.796 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3139.084 |
3927.692 |
4233.904 |
|
Profit/ (Loss) |
223.297 |
162.380 |
133.014 |
|
|
7.11
% |
4.13
% |
3.14
% |
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 |
No |
|
8] |
Designation of contact person |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
No |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
AWARDS (As on 2016)
During the year, the company won the award for “Best Companies to Work For 2015” Award by the Economic Times and the Great Place to Work for the second consecutive year in a row.
UNSECURED LOAN
|
PARTICULAR |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate borrowings |
270.796 |
270.796 |
|
|
|
|
|
Total |
270.796 |
270.796 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C30553119 |
10527056 |
HDFC BANK LIMITED |
30/09/2014 |
- |
- |
84000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PAREL (WEST) MUMBAI-400013 MAHARASHTRA INDIA |
|
2 |
B73302564 |
10420102 |
IDBI Bank Limited |
28/03/2013 |
- |
- |
150000000.0 |
IDBI TOWERWTC COMPLEXCUFFE PARADE MUMBAI-400005 MAHARASHTRA INDIA |
|
3 |
G34970095 |
10376993 |
KOTAK MAHINDRA BANK LIMITED |
27/08/2012 |
13/01/2017 |
- |
200000000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAI-400051 MAHARASHTRA INDIA |
|
4 |
G07582372 |
80006708 |
HDFC BANK LIMITED |
31/12/2004 |
10/05/2016 |
- |
328970000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL (W) MUMBAI-400013 MAHARASHTRA INDIA |
|
5 |
G74063769 |
10552915 |
IDBI Bank Limited |
30/01/2015 |
- |
22/12/2017 |
200000000.0 |
IDBI TOWER WTC COMPLEXCUFFE PARADE MUMBAI-400005 MAHARASHTRA INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Claims against company not acknowledged as debt |
13.023 |
12.719 |
|
|
|
|
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicles
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 79.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
RKI |
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.