|
|
|
MIRA INFORM REPORT
|
Report No. : |
503615 |
|
Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
KAIRAV CHEMO FARBE INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
502, Filix, Opposite Asian Paints, L.B.S. Marg, Bhandup (West), Mumbai – 400078, Maharashtra |
|
Mob. No.: |
91-22-25968361 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
08.12.1983 |
|
|
|
|
Com. Reg. No.: |
11-031523 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 120.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1983PLC031523 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0304091928 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCK0615N1ZI |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK0615N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
(Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1983 and it is a manufacturer, supplier and exporter of Dioxolane, Methylal, Ethylal, Monoglyme, Diglyme and specialty chemicals like Potassium Hydrogen Phthalate. As per financials of March 2017, the company has registered decline in its revenue as compared to its previous year’s revenue and has reported minimal profit margin. Rating takes into consideration the company’s established track record business operations marked by sound net worth base along with average debt coverage indicators and decent liquidity position. Payments terms seems to be slow but correct. In view of aforesaid, the subject 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 14.04.2018.
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
|
Name : |
Mr. Pankaj Chavan |
|
Designation : |
Business Development Manager |
|
Contact No.: |
91-7053128506 |
|
Date : |
13.04.2018 |
|
Name : |
Mr. Mahesh |
|
Contact No.: |
91-22-25963361 |
|
Date : |
13.04.2018 |
Management Non-Cooperative [Tel. No.: 91-22-25963361 / 62]
LOCATIONS
|
Registered Office : |
502, Filix, Opposite Asian Paints, L.B.S. Marg, Bhandup (West), Mumbai – 400078, Maharashtra, India |
|
Tel. No.: |
91-22-25968361/62 |
|
Mobile No.: |
91-7053128506 (Mr. Pankaj Chavan ) |
|
Fax No.: |
91-22-29538586 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 Sq. ft. |
|
|
|
|
Corporate
office: |
6, Kitab Mahal, 192, D. N. Road, Fort,
Mumbai – 400001, Maharashtra, India |
|
|
|
|
Factory : |
J77, MIDC, Taloja, Maharashtra, India |
|
Area : |
4800 sq. ft. |
|
Location: |
Owned |
|
|
|
|
Hyderabad Regional Office : |
H. No. 4-9-164, Plot No. 232, Street No. 6, HMT Nagar,
Nacharam, |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Arun Mohanlal Doshi |
|
Designation : |
Whole Time Director |
|
Address : |
13, Yogniti, 18, S.V. Road, Santacruz (West), Mumbai-400054, Maharashtra, India |
|
Date of Birth/Age : |
21.07.1946 |
|
Date of Appointment : |
08.12.1983 |
|
Din No.: |
00786570 |
|
|
|
|
Name : |
Mrs. Aarti Arun Doshi |
|
Designation : |
Director |
|
Address : |
F. No 13, Yogniti, 2 Floor, Plot No 18 S. V. Rd, Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
Date of Birth/Age : |
16.07.1949 |
|
Date of Appointment : |
08.12.1988 |
|
Din No.: |
01739520 |
|
|
|
|
Name : |
Mr. Kairav Arunkumar Doshi |
|
Designation : |
Director |
|
Address : |
13, Yogniti, 18, S.V. Road, Santacruz (West), Mumbai-400054, Maharashtra, India |
|
Date of Birth/Age : |
19.07.1982 |
|
Date of Appointment : |
01.10.2008 |
|
Din No.: |
02345096 |
|
|
|
|
Name : |
Mr. Aditya Sunil Pattani |
|
Designation : |
Additional Director |
|
Address : |
408, Laram Centre Building, B 2, 3rd Floor, 24, S V Road, Andheri (West), Mumbai - 400058, Maharashtra, India |
|
Date of Appointment : |
15.10.2014 |
|
Din No.: |
06540774 |
KEY EXECUTIVES
|
Name : |
Mr. Pankaj Chavan |
|
Designation : |
Business Development Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Arun Mohanlal Doshi |
|
7172133 |
|
Aarti Arun Doshi |
|
2345860 |
|
Dhaval Arun Doshi |
|
164302 |
|
Jalpa Arun Doshi |
|
50002 |
|
Kairav Arun Doshi |
|
2267500 |
|
Rajnikant N. Kanakia |
|
1 |
|
Rachna Doshi |
|
101 |
|
Kamlesh Sangrajka |
|
101 |
|
|
|
|
|
Total |
|
12000000 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
(Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Mehta Bharat and Associates Chartered Accountants |
|
Address : |
16, Vasant Niwas, Nehru Road, Vile Parle (East), Mumbai-400057,
Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEPM6603R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary : |
KCI Speciality Chemicals Private Limited U24100MH2013PTC244678 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
120.000 |
120.000 |
120.000 |
|
(b) Reserves and Surplus |
171.302 |
162.172 |
144.828 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
291.302 |
282.172 |
264.828 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
32.862 |
49.908 |
82.756 |
|
(b) Deferred tax liabilities (Net) |
18.881 |
17.202 |
19.120 |
|
(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) |
51.743 |
67.110 |
101.876 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
386.936 |
348.834 |
257.179 |
|
(b) Trade
payables |
252.900 |
283.517 |
334.323 |
|
(c) Other
current liabilities |
16.645 |
10.235 |
37.281 |
|
(d) Short-term
provisions |
3.767 |
7.917 |
9.805 |
|
Total Current
Liabilities (4) |
660.248 |
650.503 |
638.588 |
|
|
|
|
|
|
TOTAL |
1003.293 |
999.785 |
1005.292 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
129.682 |
154.843 |
165.612 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.253 |
0.253 |
0.116 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.197 |
0.197 |
0.197 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
130.132 |
155.293 |
165.925 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
309.008 |
365.777 |
342.299 |
|
(c) Trade
receivables |
289.441 |
322.908 |
283.677 |
|
(d) Cash and
bank balances |
32.391 |
35.495 |
66.749 |
|
(e)
Short-term loans and advances |
165.408 |
120.312 |
146.641 |
|
(f) Other
current assets |
76.913 |
0.000 |
0.001 |
|
Total
Current Assets |
873.161 |
844.492 |
839.367 |
|
|
|
|
|
|
TOTAL |
1003.293 |
999.785 |
1005.292 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1161.473 |
1347.736 |
1558.922 |
|
|
Other Income |
87.090 |
7.258 |
6.864 |
|
|
TOTAL |
1248.563 |
1354.994 |
1565.786 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
932.553 |
963.492 |
1155.377 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.981 |
21.367 |
(48.327) |
|
|
Employee benefit expense |
45.344 |
48.450 |
50.433 |
|
|
Other expenses |
199.026 |
219.176 |
289.529 |
|
|
TOTAL |
1178.904 |
1252.485 |
1447.012 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
69.659 |
102.509 |
118.774 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
37.685 |
56.472 |
58.826 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
31.974 |
46.037 |
59.948 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
20.719 |
24.110 |
26.721 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
11.255 |
21.927 |
33.227 |
|
|
|
|
|
|
|
Less |
TAX |
2.124 |
4.582 |
0.497 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
9.131 |
17.345 |
32.730 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.761 |
1.445 |
2.728 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
42.063 |
(13.983) |
150.242 |
|
Net cash flows from (used in) operating activities |
35.709 |
(26.025) |
132.248 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
90.96 |
87.45 |
66.42 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
4.01 |
4.17 |
5.50 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
98.98 |
107.40 |
105.62 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.23 |
0.28 |
0.35 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.54 |
0.66 |
0.72 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.69 |
0.70 |
0.72 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.44 |
1.41 |
1.28 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
2.27 |
2.31 |
2.41 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.45 |
0.55 |
0.63 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.85 |
1.82 |
2.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
0.79 |
1.29 |
2.10 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
0.91 |
1.73 |
3.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
3.13 |
6.15 |
12.36 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.32 |
1.30 |
1.31 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.85 |
0.74 |
0.78 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.29 |
0.28 |
0.26 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
3.50 |
3.32 |
2.83 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.32 |
1.30 |
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 |
120.000 |
120.000 |
120.000 |
|
Reserves & Surplus |
144.828 |
162.172 |
171.302 |
|
Net worth |
264.828 |
282.172 |
291.302 |
|
|
|
|
|
|
long-term borrowings |
82.756 |
49.908 |
32.862 |
|
Short term borrowings |
257.179 |
348.834 |
386.936 |
|
Total borrowings |
339.935 |
398.742 |
419.798 |
|
Debt/Equity ratio |
1.284 |
1.413 |
1.441 |
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 |
1558.922 |
1347.736 |
1161.473 |
|
|
0.000 |
(13.547) |
(13.820) |
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 |
1558.922 |
1347.736 |
1161.473 |
|
Profit/ (Loss) |
32.730 |
17.345 |
9.131 |
|
|
2.10
% |
1.29
% |
0.79
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
120.000 |
120.000 |
|
(b) Reserves and Surplus |
|
171.255 |
145.799 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
291.255 |
265.799 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
32.862 |
49.908 |
|
(b) Deferred tax liabilities (Net) |
|
18.881 |
33.534 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
51.743 |
83.442 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
386.936 |
348.834 |
|
(b) Trade
payables |
|
252.915 |
283.527 |
|
(c) Other
current liabilities |
|
16.645 |
10.235 |
|
(d) Short-term
provisions |
|
3.767 |
7.920 |
|
Total Current
Liabilities (4) |
|
660.263 |
650.516 |
|
|
|
|
|
|
TOTAL |
|
1003.261 |
999.757 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
180.619 |
205.779 |
|
(ii)
Intangible Assets |
|
0.014 |
0.014 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.253 |
0.253 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.098 |
0.098 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
180.984 |
206.144 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
309.008 |
365.777 |
|
(c) Trade
receivables |
|
289.441 |
322.908 |
|
(d) Cash and
bank balances |
|
32.391 |
35.496 |
|
(e)
Short-term loans and advances |
|
114.525 |
69.432 |
|
(f) Other
current assets |
|
76.912 |
0.000 |
|
Total Current
Assets |
|
822.277 |
793.613 |
|
|
|
|
|
|
TOTAL |
|
1003.261 |
999.757 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1161.473 |
1347.736 |
|
|
Other Income |
|
87.090 |
7.258 |
|
|
TOTAL |
|
1248.563 |
1354.994 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
932.553 |
963.492 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
1.981 |
21.367 |
|
|
Employee benefit expense |
|
45.344 |
48.450 |
|
|
CSR expenditure |
|
0.000 |
0.000 |
|
|
Other expenses |
|
199.033 |
219.202 |
|
|
TOTAL |
|
1178.911 |
1252.511 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
69.652 |
102.483 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
37.685 |
56.472 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
31.967 |
46.011 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
20.719 |
24.110 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
11.248 |
21.901 |
|
|
|
|
|
|
|
Less |
TAX |
|
(14.208) |
20.914 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
25.456 |
0.987 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
2.121 |
0.082 |
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
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 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
18.615 |
15.000 |
|
Rupee term loans from others |
1.555 |
8.585 |
|
Rupee term loans from banks |
1.969 |
7.913 |
|
|
|
|
|
Total |
22.139 |
31.498 |
FIXED ASSETS
- Land
- Factory equipment
- Furniture and fixtures
- Motor vehicles
- Office equipment
- Computer equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
VIV |
|
|
|
|
Analysis Done by
: |
SHA |
|
|
|
|
Report Prepared
by : |
JYO |
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.