|
|
|
MIRA INFORM REPORT
|
Report No. : |
502450 |
|
Report Date : |
10.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ULTIMATE FLEXIPACK LIMITED |
|
|
|
|
Registered
Office : |
305, 3rd Floor, Bhanot Corner, Pamposh Enclave, Greater Kailash-I,
New Delhi – 110048 |
|
Tel. No.: |
91-120-4018300 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
17.06.1987 |
|
|
|
|
Com. Reg. No.: |
55-028355 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 24.126 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U00000DL1987PLC028355 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AAACU6565D1ZC |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU6565D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Companyz. |
|
|
|
|
Line of Business
: |
Subject Is Engaged Into The Business of Manufacturing and Sale of Flexible Packaging Products. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined 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 7100000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject was incorporated in the year 1987 and it is a manufacturer of plastic
products, non-metallic mineral products and rubber products. As per financials of March 2017, the company has registered marginal
growth in its revenue and has reported decent profit margin. Rating takes into consideration the company’s established track record
of business operations marked by healthy net worth base along with
comfortable debt coverage indicators and good liquidity position. Further, the company has reported a good earnings per share of INR
142.78 against its face value of INR 10. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Long Term Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
12.06.2017 |
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 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 DENIED
Management Non-Cooperative [Tel. No.: 91-120-4018300]
LOCATIONS
|
Registered Office : |
305, 3rd Floor, Bhanot
Corner, Pamposh Enclave, Greater Kailash-I, New Delhi – 110048, India |
|
Tel. No.: |
91-120-4018300 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
C – 20, Sector – 57, Noida – 201301, |
|
Tel. No.: |
91-120-4018300 |
|
Fax No.: |
91-120-2583361/2556040/4012362 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Lane No. 2, Phase I, SIDCO Industrial Complex, |
|
|
|
|
Factory 2 : |
Plot No. 26, HPSIDC Industrial Area, Baddi – 173205, Distt. Solan, |
|
|
|
|
Factory 3 : |
Plot No. 12, Sector – 11, I.I.E, SIDCUL, Haridwar – 249403, |
|
|
|
|
Branch: |
Located at:
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Paresh Nath Sharma |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
E-103, Nagarjuna Apartments Mayur Vihar Phase - I, New
Delhi – 110096, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1949 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
FCA |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.07.2016 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00023625 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ajay Tandon |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
E-48 Sector-51 Noida – 201303, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.10.1953 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.E.(Mechanical) |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.01.2003 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00024297 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Achintya Karati |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
29/203, East End Apartments Mayur Vihar Phase - I
Extension Delhi - 110096, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.03.1946 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.Com., LL.B |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.07.2014 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00024412 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Inder Pal Singh |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 720 Sector-E, Sainik Colony, Jammu – 180011,
Jammu and Kashmir, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.07.2007 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00323529 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Anant Pal Singh |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
D-302, Flex Apartment, Sector-62 Noida, District Gautam
Budhha Nagar – 201301, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1946 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.Pharma |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.07.2009 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02729089 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Lalita Aggarwal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
N-109, Jalvayu Vihar, Sector-25, Noida – 201301, Uttar Pradesh,
India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.02.1979 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.A.(Hons.),M.B.A. |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.09.2015 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07295135 |
||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rashmi Chaturvedi |
|
1900 |
|
A.R. Leasing Private Limited, |
|
415000 |
|
Apoorva Extrusions Private Limited, |
|
309000 |
|
Ashok Chaturvedi |
|
601000 |
|
Anshika Chaturvedi |
|
1900 |
|
Anantshree Chaturvedi |
|
1900 |
|
Apoorvshree Chaturvedi |
|
1900 |
|
Anant Overseas Private Limited,
|
|
5000 |
|
Anshika Consultants Private Limited, India |
|
370000 |
|
Anshika Investment Private Limited, India |
|
480000 |
|
AC Infrastructure Private Limited, India |
|
37500 |
|
Flex International Private Limited, India |
|
37500 |
|
Modern Info Technology Private Limited, India |
|
37500 |
|
Cinflex Infotech Private Limited, India |
|
37500 |
|
Ultimate Infratech Private Limited, India |
|
37500 |
|
A R Infrastructures and Projects Private Limited, India |
|
37500 |
|
|
|
|
|
Total |
|
2412600 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided Family
– Indian) |
25.23 |
|
Promoter - Bodies
corporate |
74.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject Is Engaged Into The Business of Manufacturing and Sale of Flexible Packaging Products. [Registered Activity] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
PYS and Company LLP Chartered Accountants |
|
Address : |
H-314, Alpha-2, Greater Noida, Uttar Pradesh – 201302, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABQFS9124A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
Ultra America Inc. |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
|
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 |
|
200000 |
Preference Shares |
INR 100/- each |
INR 20.000 Million |
|
|
Total |
|
INR 45.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2412600 |
Equity Shares |
INR 10/- each |
INR 24.126
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 |
24.126 |
24.126 |
24.126 |
|
(b) Reserves &
Surplus |
2473.090 |
2128.610 |
1894.188 |
|
(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) |
2497.216 |
2152.736 |
1918.314 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
506.794 |
311.206 |
380.731 |
|
(b) Deferred tax
liabilities (Net) |
35.738 |
38.979 |
42.514 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
7.470 |
6.542 |
6.123 |
|
Total Non-current
Liabilities (3) |
550.002 |
356.727 |
429.368 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
938.234 |
630.646 |
503.087 |
|
(b) Trade payables |
685.651 |
344.813 |
366.300 |
|
(c) Other current
liabilities |
328.533 |
361.681 |
304.365 |
|
(d) Short-term provisions |
23.962 |
167.374 |
145.808 |
|
Total Current Liabilities
(4) |
1976.380 |
1504.514 |
1319.560 |
|
|
|
|
|
|
TOTAL |
5023.598 |
4013.977 |
3667.242 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1380.517 |
1497.290 |
1346.568 |
|
(ii) Intangible Assets |
204.585 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
26.730 |
4.172 |
153.337 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
20.113 |
20.113 |
20.113 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
223.900 |
196.506 |
313.386 |
|
(e) Other Non-current
assets |
0.007 |
2.846 |
2.675 |
|
Total Non-Current Assets |
1855.852 |
1720.927 |
1836.079 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
29.002 |
29.002 |
29.002 |
|
(b) Inventories |
610.522 |
532.034 |
400.679 |
|
(c) Trade receivables |
1939.663 |
1382.964 |
1215.931 |
|
(d) Cash and cash
equivalents |
399.028 |
199.243 |
76.011 |
|
(e) Short-term loans and
advances |
187.699 |
147.796 |
108.335 |
|
(f) Other current assets |
1.832 |
2.011 |
1.205 |
|
Total Current Assets |
3167.746 |
2293.050 |
1831.163 |
|
|
|
|
|
|
TOTAL |
5023.598 |
4013.977 |
3667.242 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
6308.115 |
6175.398 |
6050.550 |
|
|
Other Income |
61.733 |
28.546 |
16.543 |
|
|
TOTAL |
6369.848 |
6203.944 |
6067.093 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
4759.267 |
4477.338 |
4715.866 |
|
|
Purchases of
Stock-in-Trade |
7.703 |
96.811 |
35.941 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(19.750) |
2.123 |
(30.404) |
|
|
Employees benefits
expense |
232.646 |
223.019 |
187.468 |
|
|
CSR Expenditure |
6.000 |
3.000 |
0.000 |
|
|
Other expenses |
524.266 |
571.458 |
494.340 |
|
|
TOTAL |
5510.132 |
5373.749 |
5403.211 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
859.716 |
830.195 |
663.882 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
159.205 |
174.595 |
153.011 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
700.511 |
655.600 |
510.871 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
203.014 |
182.478 |
177.556 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
497.497 |
473.122 |
333.315 |
|
|
|
|
|
|
|
Less |
TAX |
153.017 |
122.550 |
54.815 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
344.480 |
350.572 |
278.500 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
284.220 |
410.262 |
107.131 |
|
|
TOTAL EARNINGS |
284.220 |
410.262 |
107.131 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2066.292 |
2176.133 |
2461.187 |
|
|
Components and Stores
parts |
15.530 |
6.445 |
9.192 |
|
|
Capital Goods |
29.473 |
102.054 |
11.148 |
|
|
TOTAL IMPORTS |
2111.295 |
2284.632 |
2481.527 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
142.78 |
145.31 |
115.44 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
120.513 |
228.086 |
179.336 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
505.488 |
435.613 |
386.140 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
112.23 |
81.74 |
73.35 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.25 |
4.47 |
4.98 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
52.50 |
27.51 |
28.14 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.41 |
1.56 |
1.66 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.53 |
0.55 |
0.44 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.49 |
0.45 |
0.46 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.58 |
0.44 |
0.46 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.79 |
0.70 |
0.69 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.65 |
0.70 |
0.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.40 |
4.75 |
4.34 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.46 |
5.68 |
4.60 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.86 |
8.73 |
7.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
13.79 |
16.28 |
14.52 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.60 |
1.52 |
1.39 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.29 |
1.17 |
1.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.50 |
0.54 |
0.52 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
59.90 |
39.04 |
36.63 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.60 |
1.52 |
1.39 |
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 |
24.126 |
24.126 |
24.126 |
|
Reserves & Surplus |
1894.188 |
2128.610 |
2473.090 |
|
Net worth |
1918.314 |
2152.736 |
2497.216 |
|
|
|
|
|
|
long-term borrowings |
380.731 |
311.206 |
506.794 |
|
Short term borrowings |
503.087 |
630.646 |
938.234 |
|
Current Maturities of
Long term debt |
179.336 |
228.086 |
120.513 |
|
Total borrowings |
1063.154 |
1169.938 |
1565.541 |
|
Debt/Equity ratio |
0.554 |
0.543 |
0.627 |
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 |
6050.550 |
6175.398 |
6308.115 |
|
|
|
2.063 |
2.149 |
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 |
6050.550 |
6175.398 |
6308.115 |
|
Profit |
278.500 |
350.572 |
344.480 |
|
|
4.60% |
5.68% |
5.46% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
24.126 |
24.126 |
|
(b) Reserves &
Surplus |
|
2504.917 |
2160.647 |
|
(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) |
|
2529.043 |
2184.773 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
506.794 |
311.206 |
|
(b) Deferred tax
liabilities (Net) |
|
35.738 |
38.979 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
7.470 |
6.542 |
|
Total Non-current
Liabilities (3) |
|
550.002 |
356.727 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
938.234 |
630.646 |
|
(b) Trade payables |
|
688.478 |
349.132 |
|
(c) Other current
liabilities |
|
329.082 |
361.681 |
|
(d) Short-term provisions |
|
24.140 |
168.238 |
|
Total Current Liabilities
(4) |
|
1979.934 |
1509.697 |
|
|
|
|
|
|
TOTAL |
|
5058.979 |
4051.197 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1380.517 |
1497.290 |
|
(ii) Intangible Assets |
|
204.585 |
0.000 |
|
(iii) Capital work-in-progress |
|
26.730 |
4.172 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
223.900 |
196.506 |
|
(e) Other Non-current
assets |
|
0.007 |
2.846 |
|
Total Non-Current Assets |
|
1835.739 |
1700.814 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
29.002 |
29.002 |
|
(b) Inventories |
|
610.522 |
532.034 |
|
(c) Trade receivables |
|
1939.663 |
1385.158 |
|
(d) Cash and cash
equivalents |
|
454.512 |
254.382 |
|
(e) Short-term loans and
advances |
|
187.708 |
147.796 |
|
(f) Other current assets |
|
1.833 |
2.011 |
|
Total Current Assets |
|
3223.240 |
2350.383 |
|
|
|
|
|
|
TOTAL |
|
5058.979 |
4051.197 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
6310.530 |
6194.423 |
|
|
Other Income |
|
61.750 |
28.563 |
|
|
TOTAL |
|
6372.280 |
6222.986 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
4759.267 |
4477.338 |
|
|
Purchases of
Stock-in-Trade |
|
7.703 |
103.236 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(19.750) |
2.124 |
|
|
Employees benefits
expense |
|
232.646 |
223.019 |
|
|
CSR Expenditure |
|
6.000 |
3.000 |
|
|
Other expenses |
|
525.457 |
575.546 |
|
|
TOTAL |
|
5511.323 |
5384.263 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
860.957 |
838.723 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
159.253 |
174.660 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
701.704 |
664.063 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
203.014 |
182.478 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
498.690 |
481.585 |
|
|
|
|
|
|
|
Less |
TAX |
|
153.207 |
123.349 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
345.483 |
358.236 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
143.2 |
148.9 |
LEGAL CASES
HIGH COURT
|
HANJER BIOTECH
ENERGIES PVT LTD Vs. ULTIMATE FLEXIPACK LTD & ORS. |
|
high court-Delhi |
|
Case no:ARB.P.
533/2016 |
|
Case
status:Pending |
|
Judge:HON BLE DR.
JUSTICE S. MURALIDHAR |
|
Date:2016-12-09 |
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 |
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 |
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term Borrowings |
|
|
|
Intercorporate borrowings |
0.000 |
80.250 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Other loans and advances |
59.973 |
69.455 |
|
Intercorporate borrowings |
80.250 |
0.000 |
|
|
|
|
|
Total |
140.223 |
149.705 |
COMPANY OVERVIEW
Subject was incorporated on 17th June, 1987 with the Registrar of Companies, Delhi & Haryana under the provisions of the Companies Act, 1956, having Corporate Identification Number (CIN) U00000DL1987PLC028355. The Registered office of the Company is situated at 305, 3rd Floor Bhanot Corner, Pamposh Enclave, Greater Kailash Part-I, New Delhi. The Company is engaged mainly in the business of manufacturing and sale of flexible packaging products.
FINANCIAL HIGHLIGHTS
AND OPERATIONS
During the year, the company has achieved consolidated total revenue, profit before tax and net profit of INR 6372.280 Million, 498.690 Million and 345.483 Million respectively.
Further the company has achieved standalone total revenue, profit before tax and net profit of INR 6369.848 Million, 497.497 Million and 344.480 Million respectively as against total revenue, profit before tax and net profit of INR 6203.944 Million, 473.123 Million and 350.572 Million respectively during the previous financial year ended 31st March 2016.
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G73882128 |
100147584 |
TOYOTA FINANCIAL SERVICES INDIA LIMITED |
25/11/2017 |
- |
- |
1455600.0 |
No. 21 Centropolis, First Floor,5th Cross Langford Road, Shanti NagarBangaloreKa560025IN |
|
2 |
G73882656 |
100147593 |
TOYOTA FINANCIAL SERVICES INDIA LIMITED |
23/09/2017 |
- |
- |
2074000.0 |
No. 21 Centropolis, First Floor,5th Cross Langford Road, Shanti NagarBangaloreKa560025IN |
|
3 |
G54280979 |
100124491 |
UNION BANK OF INDIA |
29/08/2017 |
- |
- |
350000000.0 |
INDUSTRIAL FINANCE BRANCH,M-11,FIRST FLOOR,MIDDLE CIRCLE,CONNAUGHT CIRCUS,NEW DELHIDL110001IN |
|
4 |
G68537810 |
100124493 |
UNION BANK OF INDIA |
29/08/2017 |
06/11/2017 |
- |
850000000.0 |
INDUSTRIAL FINANCE BRANCH,M-11,FIRST FLOOR,MIDDLE CIRCLE,CONNAUGHT CIRCUS,NEW DELHIDL110001IN |
|
5 |
G41209032 |
100090175 |
TOURISM FINANCE CORPORATION OF INDIA LIMITED |
22/03/2017 |
- |
- |
400000000.0 |
4th Floor, Tower 1, NBCC PlazaPushp Vihar, Sector-5, SaketNew DelhiDe110017IN |
|
6 |
C60432507 |
10583303 |
ALLAHABAD BANK |
08/07/2015 |
- |
- |
150000000.0 |
INDUSTRIAL FINANCE BRANCHSECOND FLOOR, 17,PARLIAMENT STREETNEW DELHIDL110001IN |
|
7 |
C60490414 |
10539208 |
IFCI VENTURE CAPITAL FUNDS LIMITED |
31/12/2014 |
08/07/2015 |
- |
150000000.0 |
IFCI TOWER61,NEHRU PLACENEW DELHIDL110019IN |
|
8 |
G80454168 |
10297155 |
ALLAHABAD BANK |
28/06/2011 |
28/02/2018 |
- |
1550000000.0 |
INDUSTRIAL FINANCE BRANCH,SECOND FLOOR,17,PARLIAMENT STREET,NEW DELHIDL110001IN |
|
9 |
A84946672 |
10210426 |
Allahabad Bank |
23/03/2010 |
24/03/2010 |
- |
240000000.0 |
Industrial Finance Branch1st Floor 17, Parliament StreetDelhiDL110001IN |
|
10 |
A74277583 |
10014060 |
ORIENTAL BANK OF COMMERCE |
08/07/2006 |
11/11/2009 |
- |
225000000.0 |
SECTOR-20GCOMMERCIAL COMPLEXNOIDAUP201301IN |
|
11 |
G49444680 |
10210586 |
ALLAHABAD BANK |
23/03/2010 |
10/06/2013 |
07/07/2017 |
950000000.0 |
INDUSTRIAL FINANCE BRANCHFIRST FLOOR;17,PARLIAMENT STREETNEW DELHIDL110001IN |
|
12 |
C35494129 |
10013939 |
The Jammu and Kashmir Bank Limited |
08/07/2006 |
11/11/2009 |
18/11/2014 |
275000000.0 |
JOP PLAZASECTOR-18NOIDAUP201301IN |
|
13 |
B30482152 |
10014059 |
Jammu & Kashmir Bank Ltd |
08/07/2006 |
06/09/2011 |
31/12/2011 |
192500000.0 |
1st Floor JOP PlazaSector-18NoidaUP201301IN |
|
14 |
B26697458 |
10013941 |
Oriental Bank of Commerce |
08/07/2006 |
06/09/2011 |
24/11/2011 |
157500000.0 |
Sector-20 G, Commercial ComplexNoidaNoidaUP201301IN |
|
15 |
A83839480 |
10202856 |
ALLAHABAD BANK |
02/02/2010 |
- |
22/04/2010 |
120000000.0 |
INDUSTRIAL FINANCE BRANCH17 PARLIAMENT STREETDELHIDL110001IN |
|
16 |
A83839282 |
10202691 |
Allahabad Bank |
02/02/2010 |
- |
22/04/2010 |
475000000.0 |
INDUSTRIAL FINANCE BRANCHFIRST FLOOR,17,PARLIAMENT STREETDELHIDL110001IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- 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 64.99 |
|
|
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.