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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

503533

Report Date :

13.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

SHWETA PRINT PACK PRIVATE LIMITED

 

 

Registered Office :

F-104, M.I.D.C. Area, Satpur Colony, Nashik – 422007, Maharashtra

Tel. No.:

91-253-6694309

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

21.05.1983

 

 

Com. Reg. No.:

11-030027

 

 

Capital Investment / Paid-up Capital :

INR 1.950 Million

 

 

CIN No.:

[Company Identification No.]

U27106MH1983PTC030027

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AAECS0136L1ZC

 

 

TIN No:

27720410056

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAECS0136L

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in the business of manufacturing of packaging materials. The Company manufacturer and Supply corrugated printed boxes, edge protector, polybags and stretch film.  (Registered Activity)

 

 

No. of Employees :

Information denied by the management

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 1983. The company is a manufacturer and supplier of corrugated, printed boxes, edge protector, polybags and stretch film for industrial use.

 

For the financial year ended 2017, the company as achieved 8.85% growth in its revenue as compared to the previous year’s revenue and has gained an average net profit margin of 3.70%.

 

The company possesses healthy financial position marked by sound networth base along with low debt balance sheet profile and comfortable liquidity parameter.

 

Rating takes into consideration the company’s decent earnings per share of INR 1878 as against its face value of INR 100.

 

 

Business is active. Payment terms 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

16.08.2017

 

 

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 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 DENIED BY

 

Management non-cooperative (Tel No.: )

 

 

LOCATIONS

 

Registered Office / Factory  :

F-104, M.I.D.C. Area, Satpur Colony, Nashik – 422007, Maharashtra, India

Tel. No.:

91-253-6694309

Fax No.:

Not Available

E-Mail :

ashok.daive@shwetaprintpack.com

avinash.ghuge@shwetaprintpack.com

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Anil Vithal Ghuge

Designation :

Director

Address :

Flat No.2, Vanya Villa, Plot No.202A, S.728/1 to 10 Near Ganesh Mandir, Mahatma Nagar, Nashik 422007, Maharashtra, India

Date of Birth/Age :

25.10.1965

Date of Appointment :

01.01.1984

DIN No.:

00211115

 

 

Name :

Mr. Avinash  Vithal Ghuge

Designation :

Director

Address :

Flat No.2, Vanya Villa, Plot No.202A, S.728/1 to 10 Near Ganesh Mandir, Mahatma Nagar, Nashik 422007, Maharashtra, India

Date of Birth/Age :

28.08.1958

Date of Appointment :

21.05.1983

DIN No.:

00210780

 

 

KEY EXECUTIVES

 

Name :

Pavan Zavar and Associates

Designation :

Company Secretaries

Address :

Office No.9, 1st Floor, Aditya Nakoda Enclave, Sinhagad Road, Pune – 411030, Maharashtra, India

Mob. No:

91-9850701122/ 9420746189

Email:

cspavanzavar@gmial.com

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2017

 

Names of Shareholders

 

No. of Shares

Anil Vithal Ghuge

 

9610

Avinash Vithal Ghuge

 

9640

Ashok Rajaram Daive

 

250

Total

 

19500

 

Equity Share Break up (Percentage of Total Equity)

 

As on: 30.09.2019

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family – Indian)

98.72

Public/Other than promoters (Individual/Hindu Undivided Family – Indian)

1.28

Total 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of manufacturing of packaging materials. The Company manufacturer and Supply corrugated printed boxes, edge protector, polybags and stretch film.  (Registered Activity)

 

 

Products / Services :

Item Code No.

Products/Services Description

39011010

Polymers of Ethylene in Primary Forms

48191090

Cartons, Boxes, Cases, Bags and Other Packing Containers, of Paper, Paperboard, Cellulose Waddi

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

Banker Name :

Bank of India

Branch :

Nasik (Main Branch), 203 - A, Mundada Market, M. G. Road, Nashik – 422001, Maharashtra, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

LONG TERM BORROWING

 

 

Term Loans From Bank of India

(all loans are secured by hypothecation of factory, land and building, guaranteed by directors of the company )

 

 

a.     Machinery Loan No. 19

(Terms of Repayment –repayable in EMI of 60 Installations)

1.459

4.159

b.    Building loan No. 20 L and B – B- 270

(Terms of Repayment – repayable in EMI of 60 Installations)

0.000

0.442

c.     Machinery Loan No 16- D 4 and F 7

(Terms of Repayment – repayable in EMI of 60 Installations)

0.000

1.502

d.    Car Loan No. 146

(Terms of Repayment – repayable in EMI of 60 Installations)

0.459

0.000

e.     Car Loan No. 151

(Terms of Repayment – repayable in EMI of 60 Installations)

0.878

0.000

f.     Building loan No. 29

5.645

1.205

g.    Machinery Loan No. 28 (5 Ply Auto Plant Sinner)

43.154

49.700

h.     Machinery Loan No. 25 F-104

3.233

6.033

 

 

 

SHORT TERMS BORROWINGS

 

 

a. loans repayable on demand

 

 

Cash credit from bank of India, fully guaranteed by the directors of the company (Secured By book debts of trade payable)

190.603

142.864

Cash credit from bank of India, fully guaranteed by the directors of the company (Secured By stock in trade)

11.943

7.691

Total

257.374

213.596

 

Auditors :

 

Name :

AKNS and Associates

Chartered Accountants

Address :

3 & 4, Shivdarshan Society (B), N.D. Patel Road, Nashik-422001, Maharashtra, India

Tel. No.:

91-253-2505151/ 2506161 / 2507171

Income-tax PAN of auditor or auditor's firm :

AAFFJ3595G

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Subsidiaries :

Nashik Packaging Private Limited (U21023MH2014PTC259062)

 

 

Associate Concern:

Alfa Packaging

 

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

19500

Equity Shares

INR 100/- each

INR 1.950 Million

500

Preference Share

INR 100/- each

INR 0.050 Million

 

Total

 

INR 2.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

19500

Equity Shares

INR 100/- each

INR 1.950 Million

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are 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

1.950

2.000

2.000

(b) Reserves & Surplus

304.869

268.289

237.238

(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)

306.819

270.289

239.238

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

85.803

88.078

49.736

(b) Deferred tax liabilities (Net)

23.335

18.417

11.718

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

109.138

106.495

61.454

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

207.121

154.411

149.257

(b) Trade payables

5.574

3.523

9.053

(c) Other current liabilities

34.555

32.766

22.780

(d) Short-term provisions

12.364

12.896

3.110

Total Current Liabilities (4)

259.614

203.596

184.200

 

 

 

 

TOTAL

675.571

580.380

484.892

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

266.304

255.905

170.510

(ii) Intangible Assets

0.507

0.665

0.830

(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

36.600

0.490

0.480

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

18.664

13.649

12.765

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

322.075

270.709

184.585

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

87.191

76.610

84.962

(c) Trade receivables

241.686

216.895

204.884

(d) Cash and cash equivalents

4.407

0.622

3.792

(e) Short-term loans and advances

9.752

3.482

2.956

(f) Other current assets

10.460

12.062

3.713

Total Current Assets

353.496

309.671

300.307

 

 

 

 

TOTAL

675.571

580.380

484.892

 

 

PROFIT & LOSS ACCOUNT (STANDALONE)

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

990.466

909.941

836.175

 

Other Income

6.642

7.519

2.100

 

TOTAL

997.108

917.460

838.275

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

621.654

568.624

547.625

 

Purchases of Stock-in-Trade

1.342

0.000

0.000

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

0.085

11.297

(5.675)

 

Employees benefits expense

65.136

53.317

52.602

 

Exceptional Items

0.000

2.501

0.000

 

Other expenses

207.602

194.295

165.311

 

TOTAL

895.819

830.034

759.863

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

101.289

87.426

78.412

 

 

 

 

 

Less

FINANCIAL EXPENSES

29.485

27.257

28.179

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

71.804

60.169

50.233

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

16.689

11.974

8.967

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

55.115

48.195

41.266

 

 

 

 

 

Less

TAX

18.497

17.144

13.597

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

36.618

31.051

27.669

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

NA 

13.460

36.467

 

Capital Goods

NA 

63.562

13.552

 

TOTAL IMPORTS

NA

77.022

50.019

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

1878.00

1592.00

1419.00

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

20.610

22.232

9.638

Cash generated from operations

116.512

93.366

78.788

Net cash flows from (used in) operating activity

102.935

82.921

68.085

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

89.06

87.00

89.43

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

4.10

4.20

4.08

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

3.27

2.26

6.03

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

1.16

1.14

0.92

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.38

0.34

0.46

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.54

0.54

0.50

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

1.02

0.98

0.87

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.85

0.75

0.77

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.87

0.95

0.72

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

3.44

3.21

2.78

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

3.70

3.41

3.31

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

5.42

5.35

5.71

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

11.93

11.49

11.57

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.36

1.52

1.63

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.03

1.14

1.17

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.45

0.47

0.49

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

160.79

132.36

104.32

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.36

1.52

1.63

 

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

2.000

2.000

1.950

Reserves & Surplus

237.238

268.289

304.869

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

239.238

270.289

306.819

 

 

 

 

long-term borrowings

49.736

88.078

85.803

Short term borrowings

149.257

154.411

207.121

Current maturities of long-term debts

9.638

22.232

20.610

Total borrowings

208.631

264.721

313.534

Debt/Equity ratio

0.872

0.979

1.022

 

 

 

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

836.175

909.941

990.466

 

 

8.822

8.849

 

 

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

836.175

909.941

990.466

Profit /(Loss)

27.669

31.051

36.618

 

3.31%

3.41%

3.70%

 

 

 

 

 

 

ABRIDGED BALANCE SHEET (CONSOLIDATED)

 

SOURCES OF FUNDS

 

 

 

31.03.2017

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

 

1.950

(b) Reserves & Surplus

 

 

304.869

(c) Money received against share warrants

 

 

0.000

 

 

 

 

(2) Share Application money pending allotment

 

 

0.000

(3) Minority Interest

 

 

0.000

Total Shareholders’ Funds (1) + (2)

 

 

306.819

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

 

85.803

(b) Deferred tax liabilities (Net)

 

 

23.336

(c) Other long term liabilities

 

 

0.000

(d) long-term provisions

 

 

0.000

Total Non-current Liabilities (3)

 

 

109.139

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

 

207.121

(b) Trade payables

 

 

5.702

(c) Other current liabilities

 

 

34.565

(d) Short-term provisions

 

 

12.364

Total Current Liabilities (4)

 

 

259.752

 

 

 

 

TOTAL

 

 

675.710

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

 

272.383

(ii) Intangible Assets

 

 

0.507

(iii) Capital work-in-progress

 

 

19.548

(iv) Intangible assets under development

 

 

0.000

(b) Non-current Investments

 

 

12.100

(c) Deferred tax assets (net)

 

 

0.000

(d)  Long-term Loan and Advances

 

 

18.961

(e) Other Non-current assets

 

 

1.287

Total Non-Current Assets

 

 

324.786

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

 

0.000

(b) Inventories

 

 

87.191

(c) Trade receivables

 

 

241.686

(d) Cash and cash equivalents

 

 

3.118

(e) Short-term loans and advances

 

 

8.377

(f) Other current assets

 

 

10.552

Total Current Assets

 

 

350.924

 

 

 

 

TOTAL

 

 

675.710

 

 

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

 

 

PARTICULARS

 

 

31.03.2017

 

SALES

 

 

 

 

Income

 

 

990.466

 

Other Income

 

 

6.642

 

TOTAL

 

 

997.108

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

 

 

621.654

 

Purchases of Stock-in-Trade

 

 

1.342

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

 

 

0.085

 

Employees benefits expense

 

 

65.136

 

Exceptional Items

 

 

0.000

 

Other expenses

 

 

207.602

 

TOTAL

 

 

895.819

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

 

101.289

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

 

29.485

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

 

71.804

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

 

 

16.689

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

 

55.115

 

 

 

 

 

Less

TAX

 

 

18.497

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

 

 

36.618

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

 

 

1878.00

 

 

 

 

 

 

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

No

9

Promoter’s background

No

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 two/ three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

Yes

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

 

 

CORPORATE INFORMATION:

 

The Company is engaged in the business of manufacturing of packaging materials. The Company manufacturer and Supply corrugated printed boxes, edge protector, polybags and stretch film for industrial use. 

 

 

UNSECURED LOAN 

 

PARTICULARS

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

LONG TERM BORROWING

 

 

a.     Deferred Payment Liabilities

 

 

DIC Interest Free Sales Tax Loan

0.666

1.078

b.    Loans advance from related parties

30.309

23.959

SHORT TERMS BORROWINGS

 

 

Loans and advance from related parties

4.575

3.856

Total

35.550

28.893

 

INDEX OF CHARGES

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G76801026

100154329

Bank of India

26/12/2017

-

-

1450000.0

NASHIK MAIN BRANCH203A, MUNDADA MARKET, M. G. ROADNASHIKMH422001IN

2

G68566884

100137216

Bank of India

18/11/2017

-

-

3500000.0

NASHIK MAIN BRANCHMUNDADA MARKET, 203, M. G. ROADNASHIKMH422002IN

3

G68568351

100137218

Bank of India

18/11/2017

-

-

4500000.0

NASHIK MAIN BRANCHMUNDADA MARKET, 203, M. G. ROADNASHIKMH422002IN

4

G68569045

100137219

Bank of India

18/11/2017

-

-

5000000.0

NASHIK MAIN BRANCHMUNDADA MARKET, 203, M. G. ROADNASHIKMH422002IN

5

G68570217

100137220

Bank of India

18/11/2017

-

-

22500000.0

NASHIK MAIN BRANCHMUNDADA MARKET, 203, M. G. ROADNASHIKMH422002IN

6

G43774983

100097184

Bank of India

18/04/2017

-

-

10000000.0

NASHIK MAIN BRANCHMUNDADA MARKET, 203, M. G. ROADNASHIKMH422002IN

7

G43775170

100097189

Bank of India

18/04/2017

-

-

10500000.0

NASHIK MAIN BRANCHMUNDADA MARKET, 203, M. G. ROADNASHIKMH422002IN

8

G39523360

100086353

Bank of India

22/03/2017

-

-

980000.0

NASHIK (MAIN) BRANCH203 - A, MUNDADA MARKET, M. G. ROADNASHIKMH422001IN

9

G08009854

100040067

Bank of India

28/06/2016

-

-

650000.0

NASHIK MAIN BRANCHA-203, MUNDADA MARKET, M. G. ROADNASHIKMH422001IN

10

C64675101

10591930

Bank of India

01/09/2015

-

-

17400000.0

NASHIK MAIN BRANCHMUNDADA MARKET, 203, M. G. ROADNASHIKMH422001IN

 

 

 

FIXED ASSETS

 

Ø  TANGIBLE ASSETS

·         Lease Hold Land

·         Factory Building

·         Plant And Machinery

·         Electrical Installations

·         Office Equipments

·         Computer

·         Furniture Fixtures

 

Ø  INTANGIBLE ASSETS

·         Software

·         Goodwill

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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 65.35

UK Pound

1

INR 92.70

Euro

1

INR 80.80

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

NYT

 

 

Report Prepared by :

MTN

 

 

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)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.