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|
|
MIRA INFORM REPORT
|
Report No. : |
502834 |
|
Report Date : |
12.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
PARTAP INDUSTRIES LIMITED (w.e.f. 29.05.1992) |
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|
|
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Formerly Known
As : |
PARTAP SOLVENT INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
Village Beopror, G.T. Road, Tehsil Rajpura, District Patiala – 147 001, Punjab |
|
Tel. No.: |
91-1762-265256 / 265246 / 226544 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
16.08.1988 |
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|
|
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Com. Reg. No.: |
16-008614 |
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Capital
Investment / Paid-up Capital : |
INR 31.584 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15142PB1988PLC008614 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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CST/ TIN No.: |
03071033404 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AABCP0384Q |
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|
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GSTN : [Goods & Service Tax
Registration No.] |
03AABCP0384Q1Z8 |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 3450000 |
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|
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1988 having
good track. For the financial year ended 2017, revenue and profit of the company
has slightly decline. However, the company possesses sound financial profile marked by
healthy networth base along with negligible debt recorded and favourable gap
between trade payables to its trade receivables. The company also derives strength from its long established track
record of business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitments. In view of the aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Rating=(A-) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
21.09.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating=(A2+) |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
21.09.2017 |
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 12.04.2018
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 (PARTIAL DETAILS)
|
Name : |
Mr. Suresh Goel |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9316222113 |
|
Date : |
09.04.2018 |
LOCATIONS
|
Registered Office/ Factory 1: |
Village Beopror, G.T. Road, Tehsil Rajpura, District Patiala – 147 001, Punjab, India |
|
Tel. No.: |
91-1762-265256 / 265246 / 226544 |
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Mobile No.: |
91-9316222113 (Mr. Suresh Goel) |
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Fax No.: |
91-1762-285246 / 226544 |
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E-Mail : |
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Website : |
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Corporate Office 1 : |
N.H. – 1, Rajpura Road, Shambhu, Punjab, India |
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E-Mail : |
info@partapindustries.com |
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Corporate Office 2 : |
Hissar Road, Amabala City, Haryana, India |
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Factory 2 : |
Plot No. 33, M.I.D.C. Additional Nandgaon Peth, Amravati - 444901
Maharashtra, India |
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Branch Office : |
Located at: ·
Haryana ·
Punjab ·
Himachal Pradesh |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sudarshan Paul Bansal |
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Designation : |
Managing Director |
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Address : |
763, Village Nasirpur, Ambala – 134003,
Haryana, India |
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Date of Birth/Age : |
21.06.1954 |
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Date of Appointment : |
01.04.2010 |
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DIN No.: |
00178378 |
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Other Directorship:
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Name : |
Ms. Sunita Bansal |
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Designation : |
Whole-time Director |
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Address : |
763, Village Nasirpur, Ambala – 134003,
Haryana, India |
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Date of Birth/Age : |
12.03.1961 |
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Date of Appointment : |
01.04.2000 |
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DIN No.: |
00178380 |
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||||||||||||||||||||||||
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Name : |
Mr. Siddharth Bansal |
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Designation : |
Director |
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Address : |
763, Village Nasirpur, Ambala – 134003,
Haryana, India |
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Date of Birth/Age : |
17.03.1986 |
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Date of Appointment : |
01.04.2011 |
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DIN No.: |
00178382 |
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Other Directorship:
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Name : |
Mr. Raj Singla |
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Designation : |
Director |
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|
Address : |
22-FF, HIG Flats, Ghumar Mandi, Rani Jhansi
Road, Ludhiana – 141001, Punjab, India |
||||||||||||||||||||||||
|
Date of Appointment : |
15.11.2017 |
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DIN No.: |
00633852 |
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|
||||||||||||||||||||||||
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Name : |
Mr. Ramesh Kumar Sonthalia |
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Designation : |
Director |
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Address : |
4, Ballygunge Park Road, Ballygunge,
Kolkata – 700019, West Bengal, India |
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Date of Appointment : |
15.11.2017 |
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DIN No.: |
02044741 |
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Other Directorship:
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||||||||||||||||||||||||
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Name : |
Mr. Gautam Bansal |
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Designation : |
Director |
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Address : |
H. No. 763, Village Nasirpur Partap Extractions
Limited, Ambala – 134003, Haryana, India |
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Date of Birth/Age : |
11.12.1989 |
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Date of Appointment : |
27.09.2010 |
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DIN No.: |
02275574 |
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Other Directorship:
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||||||||||||||||||||||||
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Name : |
Mr. Rajiv Kumar |
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Designation : |
Director |
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Address : |
# 60, Ward Number-8, Mal Godown Road,
Bathinda – 151509, Punjab, India |
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|
Date of Appointment : |
01.01.2016 |
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DIN No.: |
07392284 |
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Name : |
Mr. Arun Kumar Bansal |
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Designation : |
Director |
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Address : |
H.No.160, Ward No. 1, Uttam Nagar, Dabwali
– 125055, Haryana, India |
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Date of Appointment : |
04.04.2017 |
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DIN No.: |
07804723 |
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KEY EXECUTIVES
|
Name : |
Mr. Kaushal Walia |
|
Designation : |
Company Secretary |
|
Address : |
# 1062, Housing Board Colony, Near Ram
Darbar Mandir, Ambala Cantt – 133001, Haryana, India |
|
Date of Appointment : |
15.09.2017 |
|
PAN No.: |
ABSPW6859Q |
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|
|
|
Name : |
Mr. Suresh Goel |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
66.03 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
33.97 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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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 : |
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Selling : |
Advance Payment and Cheque, Others (NEFT/ RTGS) |
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Purchasing : |
Advance Payment and Cheque, Others (NEFT/ RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Sunit Gupta and Associates Chartered Accountants |
|
Address : |
43, Jasmeet Nagar, Ambala City, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACJFS2161F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company
: |
Sudarshan Auto Industries Private Limited (CIN No.: U25203PN2011PTC141514) |
|
|
|
|
Associates : |
Sudarshan Jeans Private Limited (CIN No.: U17290PN2009PTC134883) |
CAPITAL STRUCTURE
After 30.09.2017
Authorised Capital : INR 105.000 Million
Issued, Subscribed & Paid-up Capital : INR 32.024
Million
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10500000 |
Equity Shares |
INR 10/- each |
INR 105.000 Million |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5507800 |
Equity Shares |
INR 10/- each |
INR 55.078
Million |
|
|
|
|
|
Issued, Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2143900 |
Equity Shares (Subscribed and fully paid) |
INR 10/- each |
INR 21.439
Million |
|
3363900 |
Equity Shares (Subscribed but not fully paid) |
|
INR 10.145
Million |
|
|
Total |
|
INR 31.584 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
31.584 |
31.584 |
31.584 |
|
(b) Reserves & Surplus |
1176.675 |
1087.957 |
931.578 |
|
(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) |
1208.259 |
1119.541 |
963.162 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
86.964 |
167.226 |
247.339 |
|
(b) Deferred tax liabilities (Net) |
16.022 |
24.622 |
35.638 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
6.449 |
4.479 |
3.453 |
|
Total Non-current
Liabilities (3) |
109.435 |
196.327 |
286.430 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
82.380 |
44.679 |
15.986 |
|
(b) Trade
payables |
112.055 |
53.377 |
83.443 |
|
(c) Other
current liabilities |
145.338 |
84.155 |
113.844 |
|
(d) Short-term
provisions |
106.906 |
138.909 |
96.099 |
|
Total Current
Liabilities (4) |
446.679 |
321.120 |
309.372 |
|
|
|
|
|
|
TOTAL |
1764.373 |
1636.988 |
1558.964 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
548.197 |
648.804 |
754.454 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
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 |
259.490 |
259.490 |
220.290 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
304.021 |
119.413 |
65.190 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1111.708 |
1027.707 |
1039.934 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
139.920 |
212.508 |
263.015 |
|
(c) Trade
receivables |
368.137 |
62.740 |
111.467 |
|
(d) Cash
and cash equivalents |
14.866 |
206.472 |
12.267 |
|
(e)
Short-term loans and advances |
126.221 |
104.007 |
100.055 |
|
(f) Other
current assets |
3.521 |
23.554 |
32.226 |
|
Total Current
Assets |
652.665 |
609.281 |
519.030 |
|
|
|
|
|
|
TOTAL |
1764.373 |
1636.988 |
1558.964 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2516.573 |
2929.759 |
3067.100 |
|
|
Other Income |
33.505 |
9.414 |
5.521 |
|
|
TOTAL |
2550.078 |
2939.173 |
3072.621 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1584.522 |
1827.911 |
1919.795 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
213.104 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
69.549 |
(5.251) |
31.162 |
|
|
Employees benefits
expense |
139.143 |
126.377 |
101.154 |
|
|
CSR expenditure |
2.970 |
6.235 |
0.000 |
|
|
Other expenses |
459.889 |
581.091 |
488.828 |
|
|
Prior period items |
3.393 |
3.339 |
1.446 |
|
|
TOTAL |
2259.466 |
2539.702 |
2755.489 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
290.612 |
399.471 |
317.132 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
29.759 |
17.583 |
18.494 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
260.853 |
381.888 |
298.638 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
98.977 |
122.360 |
149.783 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
161.876 |
259.528 |
148.855 |
|
|
|
|
|
|
|
Less |
TAX |
73.158 |
103.148 |
62.278 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
88.718 |
156.380 |
86.577 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
1050.219 |
893.839 |
807.262 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
1138.937 |
1050.219 |
893.839 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
25.615 |
34.525 |
59.653 |
|
|
TOTAL EARNINGS |
25.615 |
34.525 |
59.653 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
18.955 |
0.000 |
0.000 |
|
|
Components and Stores
parts |
6.679 |
4.895 |
0.381 |
|
|
TOTAL IMPORTS |
25.634 |
4.895 |
0.381 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
42.00 |
73.00 |
41.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
78.053 |
78.344 |
102.445 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
145.450 |
487.506 |
297.663 |
|
Net cash flow from operating activity |
140.784 |
481.684 |
295.741 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
53.39 |
7.82 |
13.27 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
6.84 |
46.70 |
27.52 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
25.81 |
10.66 |
14.28 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.08 |
1.88 |
1.21 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.53 |
0.62 |
0.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.35 |
0.35 |
0.42 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.20 |
0.26 |
0.38 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.37 |
0.29 |
0.32 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.45 |
0.58 |
0.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.77 |
22.72 |
17.15 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
3.53 |
5.34 |
2.82 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.03 |
9.55 |
5.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.34 |
13.97 |
8.99 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.46 |
1.90 |
1.68 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.15 |
1.24 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.68 |
0.68 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.83 |
9.19 |
11.58 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.46 |
1.90 |
1.68 |
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 |
31.584 |
31.584 |
31.584 |
|
Reserves & Surplus |
931.578 |
1087.957 |
1176.675 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
963.162 |
1119.541 |
1208.259 |
|
|
|
|
|
|
long-term borrowings |
247.339 |
167.226 |
86.964 |
|
Short term borrowings |
15.986 |
44.679 |
82.380 |
|
Current Maturities of
Long term debt |
102.445 |
78.344 |
78.053 |
|
Total borrowings |
365.770 |
290.249 |
247.397 |
|
Debt/Equity ratio |
0.380 |
0.259 |
0.205 |
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 |
3067.100 |
2929.759 |
2516.573 |
|
|
|
(4.478) |
(14.103) |
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 |
3067.100 |
2929.759 |
2516.573 |
|
Profit/(Loss) |
86.577 |
156.380 |
88.718 |
|
|
2.82% |
5.34% |
3.53% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
31.584 |
31.584 |
|
(b) Reserves &
Surplus |
|
1033.277 |
975.927 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Minority Interest |
|
0.100 |
0.100 |
|
Total Shareholders’ Funds
(1) + (2) |
|
1064.961 |
1007.611 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
403.499 |
169.831 |
|
(b) Deferred tax liabilities
(Net) |
|
3.608 |
17.582 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
6.449 |
4.479 |
|
Total Non-current
Liabilities (3) |
|
413.556 |
191.892 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
82.380 |
44.679 |
|
(b) Trade payables |
|
117.854 |
57.566 |
|
(c) Other current
liabilities |
|
146.127 |
87.585 |
|
(d) Short-term provisions |
|
148.787 |
138.932 |
|
Total Current Liabilities
(4) |
|
495.148 |
328.762 |
|
|
|
|
|
|
TOTAL |
|
1973.665 |
1528.265 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
663.106 |
788.362 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
214.229 |
0.337 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
59.590 |
59.590 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
331.779 |
45.366 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
1268.704 |
893.655 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
140.683 |
214.700 |
|
(c) Trade receivables |
|
395.490 |
74.987 |
|
(d) Cash and cash
equivalents |
|
21.928 |
207.088 |
|
(e) Short-term loans and
advances |
|
126.221 |
104.007 |
|
(f) Other current assets |
|
20.639 |
33.828 |
|
Total Current Assets |
|
704.961 |
634.610 |
|
|
|
|
|
|
TOTAL |
|
1973.665 |
1528.265 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
2640.857 |
2979.150 |
|
|
Other Income |
|
34.948 |
10.395 |
|
|
TOTAL |
|
2675.805 |
2989.545 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1590.678 |
1835.050 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
69.720 |
8.847 |
|
|
Employees benefits
expense |
|
171.312 |
147.827 |
|
|
CSR Expenditure |
|
2.970 |
6.235 |
|
|
Other expenses |
|
542.717 |
620.591 |
|
|
Prior period items |
|
3.393 |
3.339 |
|
|
TOTAL |
|
2380.790 |
2621.889 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
295.015 |
367.656 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
29.111 |
17.012 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
265.904 |
350.644 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
140.770 |
169.077 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
125.134 |
181.567 |
|
|
|
|
|
|
|
Less |
TAX |
|
67.784 |
96.260 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
57.350 |
85.307 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
27.00 |
40.00 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BRIEF DESCRIPTION OF
THE COMPANY’S WORKING DURING THE YEAR/STATE OF COMPANY’S AFFAIR
During the year, the company has achieved Gross Sales to the tune of INR 2550.078 Million as compared to INR 2939.173 Million in the previous year, which is decreased from last year Approximately 13.23%. After providing for taxes and other adjustments, the profit after tax stood INR 88.718 Million as Compared to INR 156.378 Million during the previous year. The Cost of Raw material consumed are increased as compared to earlier years. And the sales realization of Terry Towel and other products decrease well as compared to last years. The Company has started exploring new markets in Overseas and started doing Exports, thereby increasing Company revenue in foreign Exchange
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
19.330 |
39.200 |
|
|
|
|
|
Total |
19.330 |
39.200 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B41412479 |
10360098 |
Punjab National Bank |
01/05/2012 |
- |
- |
330000000.0 |
Nicholson RoadAmbala CanttHR133001IN |
|
2 |
B37807062 |
10350463 |
Punjab National Bank |
01/03/2012 |
- |
- |
20000000.0 |
Nicholson RoadAmbala CanttHR133001IN |
|
3 |
B37810058 |
10350471 |
Punjab National Bank |
01/03/2012 |
- |
- |
10000000.0 |
Nicholson RoadAmbala CanttHR133001IN |
|
4 |
B37807823 |
10350467 |
Punjab National Bank |
01/03/2012 |
- |
- |
300000000.0 |
Nicholson RoadAmbala CanttHR133001IN |
|
5 |
B28548832 |
10325125 |
Bank of Baroda |
27/12/2011 |
- |
- |
458800000.0 |
Court RoadAmbala CityHR134003IN |
|
6 |
A53788873 |
10136036 |
Bank of Baroda |
11/12/2008 |
- |
- |
141000000.0 |
Kacheri RoadAmbala CityHR134003IN |
|
7 |
Y10284946 |
90183047 |
BANK OF BARODA |
29/11/2002 |
13/07/2005 |
- |
421500000.0 |
AMBALA CITYAMBALAHR134003IN |
|
8 |
B69059285 |
90182272 |
BANK OF BARODA |
13/04/1997 |
- |
26/02/2013 |
2500000.0 |
AMBALA CITYAMBALAPBIN |
|
9 |
B69073054 |
90182267 |
BANK OF BARODA |
03/04/1997 |
22/03/2000 |
22/02/2013 |
2500000.0 |
AMBALA CITYAMBALAPBIN |
|
10 |
B69077204 |
90179319 |
BANK OF BARODA |
29/06/1992 |
27/08/2002 |
22/02/2013 |
5000000.0 |
AMBALA CITYAMBALAPBIN |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Factory equipments
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- 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 65.12 |
|
|
1 |
INR 92.51 |
|
Euro |
1 |
INR 80.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUD |
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.