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%20PRIVATE%20LIMITED%20-%20503092%2013-Apr-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20503092%2013-Apr-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20503092%2013-Apr-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
503092 |
|
Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SANJAY CHEMICALS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit G-1, 5th Floor, Kanmoor House, Condominium, 281/287,
Narsi Natha Street, Mumbai – 400009, Maharashtra |
|
Tel. No.: |
91-22-40361100 / 66312988/ 66313088 / 24754335 / 4336 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
20.10.2000 |
|
|
|
|
Com. Reg. No.: |
11-129290 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 35.744 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51434MH2000PTC129290 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0301006695 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAFCS2929E1ZD |
|
|
|
|
TIN/CST No.: |
27590371958 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS27686B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS2929E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Note: Line of business updated as per latest confirmation by the
management |
|
|
|
|
No. of Employees
: |
100 (Approximately) (As claimed by Mr. Sanjay
Vijayrajji Parmar that there
is an decrease in the number of employees over past years and current number
employees are 100.) |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 2700000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2000. It is a trader, exporter
and importer of pharma chemicals, solvent and bulk drugs. For the financial year ended 2017, the company has achieved a fair growth
of 13.23% in its revenue as compared to the previous year’s revenue and has
reported a low profitability margin of 0.63%. The healthy financial profile of the company is marked by above
average networth base along with low debt balance sheet profile and
comfortable liquidity position. Rating takes into consideration the extensive experience of the
promoters, reputed clientele and diversified revenue profile. Rating is constrained on account of fluctuations in foreign exchange
(forex) rates while pricing its products throughout the year, it remains
susceptible to any substantial forex fluctuations which may lead to
fluctuation in operating margin. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Borrowing = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
10.04.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Borrowing = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
10.04.2018 |
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 13.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sanjay Vijayrajji Parmar |
|
Designation : |
Director |
|
Contact No.: |
91-9821319002 |
|
Date: |
12.04.2018 |
LOCATIONS
|
Registered Office / Head Office / Warehouse : |
Unit G-1, 5th Floor, Kanmoor House, Condominium, 281/287,
Narsi Natha Street, Mumbai – 400009, Maharashtra, India |
|
Tel. No.: |
91-22-40361100 / 66312988/ 66313088 / 24754335 / 4336 / 23449321 |
|
Mobile No.: |
91-9821319002 (Mr. Sanjay Vijayrajji Parmar) 91-9820749182 (Mr. Varun Dilip Parmar) 91-9821094067 (Mr. Dilip Parmar) |
|
Fax No.: |
91-22-23754337 / 66313562 |
|
E-Mail : |
scipl.mumbai@sanjaychemindia.com |
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office 1: |
1-8-206 2nd Floor Masetty Plaza P G Road, Secunderabad – 500003,
Hyderabad, Telangana, India |
|
Tel. No.: |
91-40-27890971/2/3 |
|
Fax No.: |
91-40-27890977 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office 2: |
Office No.: 5, 1st Floor, Sarswati, Building, Plot No. 591, Ward-12 C, Gandhidham-370 201, Gujarat, India |
|
|
|
|
Branch Office 3: |
Pramukh Residency, D Wing, Flat No.101, First Floor,
Vapi-Daman Road, |
|
|
|
|
Branch Office 4 / Warehouse 1: |
Shree Storage, Jairam Compound, Rehnal Village, Thane Bhiwandi Road Bhiwandi-421302, Maharashtra, India |
|
|
|
|
Branch Office 5 / Warehouse 2: |
No.5-68, Plot No.214, 215, Survey No. 170 Part, Doolapally Village, Ida Jeedimetla, Hyderabad -500055, Telangana, India |
|
|
|
|
Branch Office 6 / Warehouse 3: |
Office No.5, 1st Floor, Sarswati, Building, Plot No.591, Ward-12 C, Gandhidham-370201, Gujarat, India |
|
|
|
|
Branch Office 7/ Warehouse 4: |
507, Matruchhaya, 378/380 Narsi, Natha Street, Mumbai - 400009, Maharashtra |
|
|
|
|
Branch Office 8/ Warehouse 5: |
Godown No.1, 2, 3, Ground Floor, Building No. B 4, Gayatri Complex, Near Sagar Warehouse Purna Village, Village Val, Bhiwandi -421302, Maharashtra, India |
|
|
|
|
Branch Office 9/ Warehouse 6: |
Gala No-2,Survey No499/3/4/6/7,500 /1/2/3,501/1/2/3/4/5/6,502/2/3/, 499 Dabhel-Nani Daman, Daman and Diu -396210, India |
|
|
|
|
Overseas Office : |
Sanjay Chemicals Singapore Pte. Limited 89 Short Street, #B1-11, Golden Wall Centre, Singapore 188216 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Dilip Vijayraj Parmar |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
Flat 507-8, 5th Floor, Matruchaya, Building 378/80, N Natha Street,
Mandavi, Mumbai - 400003, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
14.03.1964 |
||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||
|
Date of Appointment : |
20.10.2000 |
||||||||||||||||
|
PAN No.: |
AACPP6972C |
||||||||||||||||
|
DIN No.: |
00867949 |
||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Sanjay Vijayrajji Parmar |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
3, Ooranwala Mansion, 1st Floor, Dr. Ambedkar Marg,
Parel, Mumbai – 400012, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
08.01.1974 |
||||||||||||||||
|
Qualification : |
BA |
||||||||||||||||
|
Date of Appointment : |
20.10.2000 |
||||||||||||||||
|
PAN No.: |
AADPP7910K |
||||||||||||||||
|
DIN No.: |
00478460 |
||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Manoj Vijayraj Parmar |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
3, Ooranwala Mansion, 1st Floor, Dr. Ambedkar Marg, Parel, Mumbai –
400012, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
14.03.1968 |
||||||||||||||||
|
Qualification : |
BSC |
||||||||||||||||
|
Date of Appointment : |
20.10.2000 |
||||||||||||||||
|
PAN No.: |
AADPP7905Q |
||||||||||||||||
|
DIN No.: |
02452281 |
||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Vijayraj Multanmal Parmar |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Ooranwala Mansion, 1st Floor, Dr. Ambedkar Marg, Parel, Mumbai –
400012, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
13.03.1944 |
||||||||||||||||
|
Qualification : |
SSC |
||||||||||||||||
|
Date of Appointment : |
20.10.2000 |
||||||||||||||||
|
PAN No.: |
AACPP6971B |
||||||||||||||||
|
DIN No.: |
02452291 |
||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDERS DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters - (Individual/Hindu Undivided Family – Indian) |
71.27 |
|
Promoters - (Body corporate) |
24.18 |
|
Public/Other than promoters - (Individual/ Hindu Undivided Family –
Indian) |
0.01 |
|
Public/Other than promoters - (Bodies
corporate) |
4.54 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20503092%2013-Apr-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Note: Line of business updated as per latest confirmation by the
management |
||||
|
|
|
||||
|
Products (As on 2017) |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Advance Payment, Cash, Cheque and Credit (30 Days) |
||||
|
|
|
||||
|
Purchasing : |
L/C, Advance Payment, Cash, Cheque and Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) As claimed by Mr. Sanjay
Vijayrajji Parmar that there
is an decrease in the number of employees over past years and current number
employees are 100. |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
MGB and Company LLP Chartered Accountants |
|
Address : |
Peninsula Business Park, Tower B, 19th Floor, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel No.: |
91-22-61246124 |
|
Email : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAYFM6965C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate : |
U67120MH2006PTC159576 |
|
|
|
|
Others Related
parties : |
U52321MH2005PTC158479 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3550000 |
Equity Shares |
INR 10/- each |
INR 35.500 Million |
|
45000 |
Preference Shares |
INR 100/- each |
INR 4.500 Million |
|
|
Total |
|
INR 40.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3300323 |
Equity Shares |
INR 10/- each |
INR 33.003
Million |
|
27407 |
Preference Shares |
INR 100/-
each |
INR 2.741
Million |
|
|
Total |
|
INR 35.744 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 |
35.744 |
34.835 |
34.835 |
|
(b) Reserves and Surplus |
927.213 |
846.269 |
801.609 |
|
(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) |
962.957 |
881.104 |
836.444 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.975 |
0.242 |
0.576 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
3.847 |
3.848 |
3.127 |
|
Total Non-current
Liabilities (3) |
4.822 |
4.090 |
3.703 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
987.467 |
1136.570 |
1484.557 |
|
(b) Trade
payables |
1784.265 |
1171.565 |
983.776 |
|
(c) Other
current liabilities |
80.908 |
61.969 |
70.059 |
|
(d) Short-term provisions |
41.260 |
29.844 |
33.897 |
|
Total Current
Liabilities (4) |
2893.900 |
2399.948 |
2572.289 |
|
|
|
|
|
|
TOTAL |
3861.679 |
3285.142 |
3412.436 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
13.028 |
10.448 |
10.180 |
|
(ii)
Intangible Assets |
0.164 |
0.412 |
0.474 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
1.517 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
41.606 |
3.106 |
3.106 |
|
(c) Deferred tax assets (net) |
2.343 |
2.344 |
1.758 |
|
(d)
Long-term loans and advances |
107.303 |
109.870 |
4.848 |
|
(e) Other
Non-current assets |
0.230 |
0.191 |
13.433 |
|
Total Non-Current Assets |
164.674 |
126.371 |
35.316 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
2.100 |
2.376 |
2.000 |
|
(b)
Inventories |
815.264 |
767.687 |
806.744 |
|
(c) Trade
receivables |
2473.899 |
2003.457 |
2020.552 |
|
(d) Cash and
bank balances |
307.852 |
273.637 |
227.950 |
|
(e)
Short-term loans and advances |
81.879 |
100.915 |
308.543 |
|
(f) Other
current assets |
16.011 |
10.699 |
11.331 |
|
Total
Current Assets |
3697.005 |
3158.771 |
3377.120 |
|
|
|
|
|
|
TOTAL |
3861.679 |
3285.142 |
3412.436 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
9047.863 |
7990.942 |
7929.557 |
|
|
Other Income |
124.902 |
68.004 |
54.679 |
|
|
TOTAL |
9172.765 |
8058.946 |
7984.236 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
8743.552 |
7523.292 |
7681.222 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(47.577) |
39.057 |
(150.600) |
|
|
Employee benefit expense |
46.720 |
45.195 |
29.294 |
|
|
Other expenses |
230.677 |
274.974 |
183.423 |
|
|
TOTAL |
8973.372 |
7882.518 |
7743.339 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
199.393 |
176.428 |
240.897 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
109.771 |
105.896 |
159.928 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
89.622 |
70.532 |
80.969 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.667 |
3.256 |
3.075 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
86.955 |
67.276 |
77.894 |
|
|
|
|
|
|
|
Less |
TAX |
30.102 |
22.616 |
25.502 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
56.853 |
44.660 |
52.392 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
0.000 |
331.772 |
|
|
TOTAL
EARNINGS |
0.000 |
0.000 |
331.772 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
17.35 |
13.92 |
16.32 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.067 |
0.334 |
0.868 |
|
Net cash flows from (used in) operations |
271.556 |
453.042 |
77.894 |
|
Net cash flows from (used in) operating activities |
244.023 |
426.270 |
77.894 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
99.80 |
91.51 |
93.01 |
|
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
3.66 |
3.99 |
3.92 |
|
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
74.48 |
56.84 |
46.75 |
|
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.24 |
0.23 |
0.30 |
|
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
15.11 |
16.25 |
19.79 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.75 |
0.73 |
0.75 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
1.03 |
1.29 |
1.78 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
3.01 |
2.72 |
3.08 |
|
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
1.82 |
1.67 |
1.51 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
(%) |
0.63 |
0.56 |
0.66 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
(%) |
1.47 |
1.36 |
1.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
(%) |
5.90 |
5.07 |
6.26 |
SOLVENCY
RATIO
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
1.28 |
1.32 |
1.31 |
|
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
1.00 |
1.00 |
1.00 |
|
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.25 |
0.27 |
0.25 |
|
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
27.65 |
32.63 |
42.63 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
1.28 |
1.32 |
1.31 |
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 |
34.835 |
34.835 |
35.744 |
|
Reserves & Surplus |
801.609 |
846.269 |
927.213 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
836.444 |
881.104 |
962.957 |
|
|
|
|
|
|
Long-term borrowings |
0.576 |
0.242 |
0.975 |
|
Short term borrowings |
1484.557 |
1136.570 |
987.467 |
|
Current maturities of
long-term debts |
0.868 |
0.334 |
1.067 |
|
Total
borrowings |
1486.001 |
1137.146 |
989.509 |
|
Debt/Equity
ratio |
1.777 |
1.291 |
1.028 |
%20PRIVATE%20LIMITED%20-%20503092%2013-Apr-2018_files/image022.gif)
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 |
7929.557 |
7990.942 |
9047.863 |
|
|
|
0.774 |
13.226 |
%20PRIVATE%20LIMITED%20-%20503092%2013-Apr-2018_files/image024.gif)
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 |
7929.557 |
7990.942 |
9047.863 |
|
Profit/ (Loss) |
52.391 |
44.660 |
56.853 |
|
|
0.66% |
0.56% |
0.63% |
%20PRIVATE%20LIMITED%20-%20503092%2013-Apr-2018_files/image026.gif)
ABRIDGED
BALANCE SHEET (CONSOLIDATE)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
35.744 |
34.835 |
|
(b) Reserves & Surplus |
|
927.211 |
846.265 |
|
(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) |
|
962.955 |
881.100 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.975 |
0.242 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
3.847 |
3.848 |
|
Total
Non-current Liabilities (3) |
|
4.822 |
4.090 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
987.466 |
1136.569 |
|
(b) Trade payables |
|
1784.265 |
1171.565 |
|
(c) Other current liabilities |
|
80.909 |
61.969 |
|
(d) Short-term provisions |
|
41.259 |
29.844 |
|
Total
Current Liabilities (4) |
|
2893.899 |
2399.947 |
|
|
|
|
|
|
TOTAL |
|
3861.676 |
3285.137 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
13.028 |
10.448 |
|
(ii) Intangible Assets |
|
0.164 |
0.412 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
41.603 |
3.101 |
|
(c) Deferred tax assets (net) |
|
2.343 |
2.344 |
|
(d) Long-term Loan and Advances |
|
107.303 |
109.870 |
|
(e) Other Non-current assets |
|
0.230 |
0.190 |
|
Total
Non-Current Assets |
|
164.671 |
126.365 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
2.100 |
2.376 |
|
(b) Inventories |
|
815.264 |
767.687 |
|
(c) Trade receivables |
|
2473.899 |
2003.457 |
|
(d) Cash and cash equivalents |
|
307.852 |
273.637 |
|
(e) Short-term loans and
advances |
|
81.879 |
100.915 |
|
(f) Other current assets |
|
16.011 |
10.700 |
|
Total
Current Assets |
|
3697.005 |
3158.772 |
|
|
|
|
|
|
TOTAL |
|
3861.676 |
3285.137 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
Revenue
from operations |
9172.765 |
8058.946 |
|
|
Other Income |
0.000 |
0.000 |
|
|
TOTAL |
9172.765 |
8058.946 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
8743.552 |
7523.292 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(47.577) |
39.057 |
|
|
Employee benefit expense |
46.720 |
45.195 |
|
|
Other expenses |
230.677 |
274.974 |
|
|
TOTAL |
8973.372 |
7882.518 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
199.393 |
176.428 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
109.771 |
105.896 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
89.622 |
70.532 |
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.667 |
3.256 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
86.955 |
67.276 |
|
|
|
|
|
|
Less |
TAX |
30.102 |
22.615 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
56.853 |
44.661 |
|
|
|
|
|
|
|
Share of profit (loss) of associates |
0.002 |
0.017 |
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD |
56.855 |
44.678 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
17.03 |
13.92 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
NOTE: Registered office of the company has been
shifted from 507 Matruchhaya Building, 378/80 Narsi Natha Street, Mumbai -
400009, Maharashtra, India to the present
address w.e.f. 01.08.2012
CORPORATE INFORMATION
Subject is a Company incorporated under Companies Act, 1956. The Company is engaged in the business of trading of Chemicals and solvents.
FINANCIAL SUMMARY,
OPERATIONS OR PERFORMANCE OF THE COMPANY ON STANDALONE- BASIS
The Income of the Company has increased from INR 8058.946 million in previous year to INR 9172.765 million in current year. Profit of the company increased from INR 44.660 million to INR 56.853 million.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from others |
80.339 |
0.000 |
|
Loans and advances from related parties |
73.169 |
183.716 |
|
Other loans and advances |
2.485 |
0.000 |
|
Total |
155.993 |
183.716 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G35920313 |
10211615 |
DCB BANK LIMITED |
07/04/2010 |
10/01/2017 |
- |
2273700000.0 |
601 & 602, PENINSULA BUSINESS PARK, 6TH FLOOR,TOWER A, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI-400013, MAHARASHTRA, INDIA |
|
2 |
A02813061 |
10011568 |
DEVELOPMENT CREDIT BANK LIMITED |
20/07/2006 |
- |
- |
20000000.0 |
MOHAMEDALI ROAD BRANCH MUMBAI 400001 MAHARASHTRA INDIA |
|
3 |
A01234475 |
10006652 |
DEVELOPMENT CREDIT BANK LIMITED |
18/05/2006 |
- |
- |
15000000.0 |
MOHAMEDALI ROAD BRANCH MUMBAI 400001 MAHARASHTRA INDIA |
|
4 |
Y10243500 |
90143730 |
DEVELOPMENT CREDIT BANK LIMITED |
21/01/2002 |
- |
- |
1500000.0 |
MUMBAI 400001 MAHARASHTRA INDIA |
|
5 |
A58995044 |
90143378 |
DEVELOPMENT CREDIT BANK LIMITED |
20/04/2001 |
20/03/2009 |
- |
421000000.0 |
301, TRADE PLAZA,414, VEER SAVARKAR MARG, PRABHADEVI,MUMBAI-400025 MAHARASHTRA INDIA |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Office building
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
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 : |
SAV |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.