|
|
|
MIRA INFORM REPORT
|
Report No. : |
503778 |
|
Report Date : |
14.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MSR INDIA LIMITED |
|
|
|
|
Registered
Office : |
Plot No-D-16, Road No-73, Phase-IV, IDA, Jeedimetla,
Hyderabad – 500015, Telangana |
|
Mob. No.: |
91-7660012919 [Mr. Varaprasad] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.05.2002 |
|
|
|
|
Com. Reg. No.: |
36-039031 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 314.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L15122TG2002PLC039031 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Trading of Dairy Products and
Manufacturer and Exporter of Unique Cooper Water Bottle and also
Manufacturing of Food Products like Atta, Meda, etc. [Registered activity and also confirmed by
management] |
|
|
|
|
No. of Employees
: |
205 (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 |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2002 and it is having a
satisfactory track record. For the financial year 2017, the company has shown improvement in
profitability margins albeit decline in total operating income which has
witnessed a decline in total operating income which has witnessed a decline
of about 36% during the year. Rating takes into consideration, the satisfactory financial risk
profile marked by comfortable capital structure and healthy debt coverage
indicators. The company is listed on BSE and NSE. Price quoted at BSE is at INR 38
against its face value of INR 5. As per 3rd quarter results of December 2017, the company
has achieved revenue of INR 498.576 Million and has clocked profit margin of
approximately 2.31%. However, these rating strengths gets partially offset by working
capital intensive nature of operation, product concentration risk and its
presence in highly competitive and fragmented retail industry. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE RATING |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
14.08.2017 |
|
Rating Agency Name |
CARE RATING |
|
Rating |
Short Term Ratings
= A3 |
|
Rating Explanation |
Moderate degree of
safety and higher credit risk |
|
Date |
14.08.2017 |
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 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 PARTED BY
|
Name : |
Mr. Varaprasad |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-7660012919 |
|
Date : |
13.04.2018 |
LOCATIONS
|
Registered Office / Factory : |
Plot No-D-16, Road No-73, Phase-IV, IDA, Jeedimetla,
Hyderabad – 500015, Telangana, India |
|
Tel. No.: |
91-40-23686600 |
|
Mobile No.: |
91-7660012919 [Mr. Varaprasad] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
8-2-293/A/732A-1, Plot No-732, Jubilee Hills, Co - Operative House Building Society, MSR Towers, 3rd Floor, Road No-36, Jubilee Hills, Hyderabad – 500081, Telangana, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. K.V. Rajasekhar Reddy |
|
Designation : |
Managing Director |
|
Address : |
EWS-945, 3rd Phase , KPHB Colony Kukutpally, Hyderabad –
500072, Telangana, India |
|
Date of Appointment : |
10.07.2015 |
|
DIN No.: |
07120513 |
|
|
|
|
Name : |
Mr. Gundala Raju |
|
Designation : |
Director |
|
Address : |
Plot No.104, K S R Complex 6th Phase, Kphb Colony, Kukatpally, Hyderabad – 500072, Telangana, India |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
01742710 |
|
|
|
|
Name : |
Mr. Koti Reddy Somala |
|
Designation : |
Director |
|
Address : |
7-1-618/EV/107 Annapurna Block to Vindhy, Ameerpet, S R
Nagar, Hyderabad – 500038, Telangana, India |
|
Date of Appointment : |
30.04.2010 |
|
DIN No.: |
03055201 |
|
|
|
|
Name : |
Mr. Somala Bharathi |
|
Designation : |
Director |
|
Address : |
EWS - 945 I & II Phase 3 Road, KPHB Colony, Hyderabad
– 500072, Telangana, India |
|
Date of Appointment : |
17.02.2017 |
|
DIN No.: |
07669720 |
|
|
|
|
Name : |
Mrs. D. Bharathi |
|
Designation : |
Independent Director |
|
DIN No.: |
07669720 |
KEY EXECUTIVES
|
Name : |
Abhilash Tumula |
|
Designation : |
Company Secretary |
|
Address : |
No 10-1-16, Flat No 102, Ganga Apartments, Masab Tank,
Beside Hyderabad House, Hyderabad – 500028, Telangana, India |
|
Date of Appointment : |
02.08.2014 |
|
PAN No.: |
AIPPT0491B |
|
|
|
|
Name : |
Durga Adi Deva Vara Prasad Challa |
|
Designation : |
Chief Financial Officer (KMP) |
|
Address : |
1-9-295/B, Vidhyanagar, Hyderabad – 500044, Telangana, India |
|
Date of Appointment : |
17.02.2017 |
|
PAN No.: |
AFNPC2228Q |
|
|
|
|
Audit committee : |
Mr. Koti Reddy Somala -Chairman Mrs. D .Bharathi -Member Mr.Gundal aRaju -Member |
|
|
|
|
Nomination and
Remuneration Committee : |
Mr. Koti Reddy Somala -Chairman Mrs. D .Bharathi -Member Mr.Gundala Raju -Member |
|
|
|
|
Stakeholders
Relationship Committee : |
Mr. K.V. Rajasekhar Reddy -Chairman Mrs. D. Bharathi -Member Mr. Gundala Raju -Member |
|
|
|
|
Risk Management
Committee: |
Mr. Koti Reddy Somala -Chairman Mr. Gundala Raju -Member Mr. K.V. Rajasekhar Reddy -Member |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2018
|
Category of
shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
(A) Promoter & Promoter Group |
4,68,53,930 |
74.51 |
|
|
(B) Public |
1,60,26,070 |
25.49 |
|
|
Grand Total |
6,28,80,000 |
100.00 |
|
Statement
showing shareholding pattern of the Promoter and Promoter Group
|
Category of
shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
|
|
|
Individuals/Hindu undivided Family |
4,68,53,930 |
74.51 |
|
|
Mrs Padmavathi Kakunuri |
1,87,41,087 |
29.80 |
|
|
Ms M K Vindya Prudhvi Reddy |
70,27,907 |
11.18 |
|
|
Mr Mortala Dheeraj Reddy |
70,27,907 |
11.18 |
|
|
Mrs K Vijayalakshmi |
63,70,647 |
10.13 |
|
|
Mr M Mallareddy |
46,85,272 |
7.45 |
|
|
Mr K V Rajasekhar Reddy |
30,01,110 |
4.77 |
|
|
Sub Total A1 |
4,68,53,930 |
74.51 |
|
|
A2) Foreign |
0.00 |
|
|
|
A=A1+A2 |
4,68,53,930 |
74.51 |
|
Statement
showing shareholding pattern of the Public shareholder
|
Category &
Name of the Shareholders |
Total no. shares held |
Shareholding % calculated as per SCRR, 1957 As a
% of (A+B+C2) |
|
|
B1) Institutions |
0.00 |
|
|
|
Foreign Portfolio Investors |
37,51,140 |
5.97 |
|
|
Aspire Emerging Fund |
20,27,783 |
3.22 |
|
|
Raisonneur Capital Limited |
15,52,357 |
2.47 |
|
|
Sub Total B1 |
37,51,140 |
5.97 |
|
|
B2) Central Government/ State Government(s)/ President of India |
0.00 |
|
|
|
B3) Non-Institutions |
0.00 |
|
|
|
Individual share capital upto INR 0.200 Million |
39,28,307 |
6.25 |
|
|
Madhavi Kotha |
7,10,000 |
1.13 |
|
|
Individual share capital in excess of INR 0.200 Million |
17,44,180 |
2.77 |
|
|
Any Other (specify) |
66,02,443 |
10.50 |
|
|
Mirchi Developers Private Limited |
6,78,000 |
1.08 |
|
|
JHP Securities Private Limited. |
9,55,283 |
1.52 |
|
|
Bodies Corporate |
25,28,120 |
4.02 |
|
|
Clearing Members |
34,30,880 |
5.46 |
|
|
NRI |
6,43,443 |
1.02 |
|
|
Sub Total B3 |
1,22,74,930 |
19.52 |
|
|
B=B1+B2+B3 |
1,60,26,070 |
25.49 |
|
BUSINESS DETAILS
|
Line of Business : |
Trading of Dairy Products and
Manufacturer and Exporter of Unique Cooper Water Bottle and also
Manufacturing of Food Products like Atta, Meda, etc. [Registered activity and also confirmed by
management] |
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|
Products : |
|
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|
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Brand Names : |
Dr. Cooper |
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|
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Machinery |
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|
Countries : |
Russia |
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|
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|
Terms : |
|
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|
Selling : |
Cash, Advance Payment, L/C, Cheque and
Credit (30/60/90 days) |
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|
|
|
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|
Purchasing : |
Cash, Advance Payment, L/C, Cheque and
Credit (30/60/90 days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Stockiest
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No. of Employees : |
205 (Approximately) |
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Bankers : |
|
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Statutory Auditors : |
|
|
Name : |
Vijay Sai Kumar and Associates Chartered Accountants |
|
Address : |
210/3rd,Vijaynagar Colony, Hyderabad – 500057, Telengana, India |
|
Tel. No.: |
91-40-23346328 |
|
Mob. No.: |
91-9494052139 |
|
Fax No.: |
91-40-23349000 |
|
E-Mail : |
|
|
|
|
|
Internal Auditor : |
|
|
Name : |
Mr P Srinivas Chartered Accountants |
|
Address : |
MSR Towers, 3rd Floor, Road No.36 Jubilee Hills, Hyderabad – 500081, Telangana, India |
|
|
|
|
Secretarial Auditor
: |
|
|
Name : |
Sambhu Prasad M & Associates |
|
Address : |
(PCS), 49-9-10, Lalita Nagar, Akkayyapalem, Visakapatnam – 530016, Telanagana, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
64000000 |
Equity Shares |
INR 5/- each |
INR 320.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
62880000 |
Equity Shares |
INR 5/- each |
INR 314.400 Million |
|
|
|
|
|
Reconciliation of
Equity Shares Outstanding at the beginning and end of the year:
|
Particulars |
Opening balance |
Closing balance |
|
Equity shares with voting rights Year ended 31-03- 2017 |
|
|
|
Number of shares (No.s) |
62880000 |
62880000 |
|
Amount |
314.400 |
314.400 |
|
|
|
|
Details of
shareholders holding more than 5% Equity Shares in the Company:
|
Names of
Shareholders |
31.30.2017 |
|
|
No. of Shares |
% held |
|
|
Equity shares with voting rights |
|
|
|
Padmavathi Kakanuri |
187.41 |
29.80% |
|
M Kanaka Vindhya Prudhvi Reddy |
70.28 |
11.18% |
|
M Dheeraj Reddy |
70.28 |
11.18% |
|
K Vijayalakshmi |
46.85 |
7.45% |
|
M Malla Reddy |
46.85 |
7.45% |
|
|
46.85 |
7.45% |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
314.400 |
314.400 |
314.400 |
|
(b) Reserves &
Surplus |
16.023 |
4.141 |
3.695 |
|
(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) |
330.423 |
318.541 |
318.095 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
2.084 |
1.242 |
1.119 |
|
(b) Deferred tax
liabilities (Net) |
0.324 |
0.324 |
0.324 |
|
(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) |
2.408 |
1.566 |
1.443 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
215.897 |
300.445 |
219.035 |
|
(c) Other current
liabilities |
4.837 |
2.533 |
1.819 |
|
(d) Short-term provisions |
2.117 |
9.489 |
1.603 |
|
Total Current Liabilities
(4) |
222.851 |
312.467 |
222.457 |
|
|
|
|
|
|
TOTAL |
555.682 |
632.574 |
541.995 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
258.140 |
174.655 |
58.654 |
|
(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 |
0.000 |
0.000 |
125.010 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
124.266 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
258.140 |
174.655 |
307.930 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
33.888 |
32.650 |
45.001 |
|
(c) Trade receivables |
224.847 |
366.614 |
182.061 |
|
(d) Cash and cash
equivalents |
0.929 |
9.394 |
4.791 |
|
(e) Short-term loans and
advances |
37.395 |
48.798 |
0.805 |
|
(f) Other current assets |
0.483 |
0.463 |
1.407 |
|
Total Current Assets |
297.542 |
457.919 |
234.065 |
|
|
|
|
|
|
TOTAL |
555.682 |
632.574 |
541.995 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1126.044 |
1769.506 |
857.062 |
|
|
Other Income |
0.367 |
1.447 |
0.384 |
|
|
TOTAL |
1126.411 |
1770.953 |
857.446 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
987.652 |
1632.140 |
844.195 |
|
|
Direct Expenses |
10.944 |
1.027 |
0.325 |
|
|
Employees benefits
expense |
20.729 |
10.864 |
2.848 |
|
|
Other expenses |
62.778 |
107.065 |
3.512 |
|
|
Exceptional Items |
0.000 |
0.000 |
(107.909) |
|
|
TOTAL |
1082.103 |
1751.096 |
742.971 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
44.308 |
19.857 |
114.475 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.306 |
0.169 |
0.183 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
44.002 |
19.688 |
114.292 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
32.881 |
9.858 |
1.020 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
11.121 |
9.830 |
113.272 |
|
|
|
|
|
|
|
Less |
TAX |
2.057 |
9.384 |
1.270 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
9.064 |
0.446 |
112.002 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.14 |
0.13 |
1.78 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
1350.000 |
|
|
|
|
|
Expected Sales (2018-2019) : INR 1800.000 Million
The above information has been parted by Mr. Varaprasad (Chief Financial
Officer)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
106.298 |
44.581 |
139.165 |
|
Net cash flow from operating activity |
104.240 |
42.766 |
NA |
QUARTERLY
RESULTS
|
PARTICULARS |
30.06.2017 1ST
Quarter |
30.09.2017 2nd
Quarter |
31.12.2017 3rd
Quarter |
|
|
Unaudited
|
Unaudited
|
Unaudited
|
|
Net Sales |
112.070 |
474.680 |
498.580 |
|
Total Expenditure |
103.060 |
455.030 |
471.810 |
|
PBIDT (Excl OI) |
9.010 |
19.650 |
26.770 |
|
Other Income |
0.160 |
0.550 |
0.700 |
|
Operating Profit |
9.170 |
20.200 |
27.460 |
|
Interest |
1.050 |
NA |
NA |
|
Exceptional Items |
NA |
NA |
NA |
|
PBDT |
8.120 |
20.200 |
27.460 |
|
Depreciation |
2.210 |
14.440 |
16.850 |
|
Profit Before Tax |
5.910 |
5.750 |
10.610 |
|
Tax |
NA |
NA |
NA |
|
Provisions and contingencies |
NA |
NA |
NA |
|
Profit After Tax |
5.910 |
5.750 |
10.610 |
|
Extraordinary Items |
NA |
NA |
NA |
|
Prior Period Expenses |
NA |
NA |
NA |
|
Other Adjustments |
NA |
NA |
NA |
|
Net Profit |
5.910 |
5.750 |
10.610 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
72.88 |
75.62 |
77.53 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.01 |
4.83 |
4.71 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
79.79 |
67.19 |
94.70 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.31 |
0.61 |
2.54 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.17 |
0.11 |
1.95 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.40 |
0.50 |
0.41 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.01 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.67 |
0.98 |
0.70 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.78 |
0.55 |
0.18 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
144.80 |
117.50 |
625.55 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.80 |
0.03 |
13.07 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.63 |
0.07 |
20.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.74 |
0.14 |
35.21 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.34 |
1.47 |
1.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.18 |
1.36 |
0.85 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.59 |
0.50 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.01 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.34 |
1.47 |
1.05 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 5.00/- |
|
Market Value |
INR 37.95/- |
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
314.400 |
314.400 |
314.400 |
|
Reserves & Surplus |
3.695 |
4.141 |
16.023 |
|
Net worth |
318.095 |
318.541 |
330.423 |
|
|
|
|
|
|
long-term borrowings |
1.119 |
1.242 |
2.084 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
1.119 |
1.242 |
2.084 |
|
Debt/Equity ratio |
0.004 |
0.004 |
0.006 |
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 |
857.062 |
1769.506 |
1126.044 |
|
|
|
106.462 |
(36.364) |
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 |
857.062 |
1769.506 |
1126.044 |
|
Profit |
112.002 |
0.446 |
9.064 |
|
|
13.07% |
0.03% |
0.80% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
REVIEW OF OPERATIONS:
The company has achieved the turnover of INR 1126.044 Million for the financial year ended 31.03.2017 as against INR 1770.953 Million for the financial year ended 31.03.2016. The Profit after tax stood at INR 9.064 Million for the financial year ended 31.03.2017 as against INR 8.013 Million for the financial year ended 31.03.2016.
MANAGEMENT’S
DISCUSSION & ANALYSIS REPORT
Industry Structure,
Development and Outlook:
Dairy activities have traditionally been integral to India’s rural economy. The country is the world’s largest producer of dairy products and also their largest consumer. Almost its entire produce is consumed in the domestic market and the country is neither an importer nor an exporter, except in a marginal sense.
Despite being the world’s largest producer, the dairy sector is by and large in the primitive stage of development and modernization. Though India may boast of one of the world’s largest cattle population, the average output of an Indian cow is significantly lower compared to its American counterpart. Moreover, the sector is plagued with various other impediments like shortage of fodder, its poor quality, dismal transportation facilities and a poorly developed cold chain infrastructure. As a result, the supply side lacks in elasticity that is expected of it.
On the demand side, the situation is buoyant. With the sustained growth of the Indian economy and a consequent rise in the purchasing power during the last two decades, more and more people today are able to afford milk and various other dairy products. This trend is expected to continue with the sector experiencing a robust growth in demand in the short and medium run. If the impediments in the way of growth and development are left unaddressed, India is likely to face a serious supply – demand mismatch and it may gradually turn into a substantial importer of milk and milk products.
Fortunately, the government and other stakeholders seem to be alive to the situation and efforts to increase milk production have been intensified. Transformations in the sector are being induced by factors like newfound interest on the part of the organized sector, new markets, easy credit facilities, dairy friendly policies by the government, etc. Dairy farming is now evolving from just an agrarian way of life to a professionally managed industry – the Indian dairy industry. With these positive signals, there is hope that the sector may eventually march towards another white revolution.
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G43495662 |
100096462 |
Central Bank of India |
15/04/2017 |
- |
- |
130000000.0 |
Ground Floor, Pavani PlazaNear Shadan Collage, KhairatabadHyderabadeTG500004IN |
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 31st DECEMBER 2017
(INR In Million)
|
Particulars |
Quarter Ended |
Quarter Ended |
Year to Date Figures for the current
year |
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
Unaudited |
Unaudited |
Unaudited |
|
|
|
|
|
|
|
Income from Operations |
|
|
|
|
a) Net Sales / Income
from Operations |
498.576 |
474.682 |
1085.331 |
|
b) Other Operating Income |
0.696 |
0.549 |
1.398 |
|
Total Income from
Operations (net) |
499.272 |
475.231 |
1086.729 |
|
Expenditure |
|
|
|
|
a) Cost of materials
consumed |
2.476 |
2.400 |
5.930 |
|
b) Cost of Stock in trade
sold |
466.595 |
451.328 |
999.363 |
|
c) Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
(33.878) |
(24.086) |
(69.618) |
|
d) Employee benefits
expense |
9.076 |
8.632 |
26.059 |
|
e) Depreciation and
amortisation expense |
16.846 |
14.442 |
33.493 |
|
f) Power and Fuel Charges |
0.000 |
0.000 |
0.000 |
|
g) Other expenses |
27.549 |
16.762 |
69.234 |
|
Total Expenses |
488.664 |
469.478 |
1064.461 |
|
Profit/ (Loss) from Operations before Other
Income, Exchange gain/(loss), Finance costs and Exceptional items |
10.608 |
5.753 |
22.268 |
|
Other Income |
-- |
-- |
-- |
|
Profit
/ (Loss) from ordinary activities after Finance costs but before Exceptional
items |
10.608 |
5.753 |
22.268 |
|
Exceptional
items |
-- |
-- |
-- |
|
Profit/
(Loss) from ordinary activities before tax (7+8) |
10.608 |
5.753 |
22.268 |
|
Tax
expenses |
-- |
-- |
-- |
|
Net
Profit / (Loss) from ordinary activities after tax (9-10) |
10.608 |
5.753 |
22.268 |
|
Extraordinary items |
-- |
-- |
-- |
|
Net Profit / (Loss) for the period (11+12) |
10.608 |
5.753 |
22.268 |
|
Paid-up equity share
capital (Face Value of Rs. 10 per share) |
314.400 |
314.400 |
314.400 |
|
Reserve excluding
Revaluation reserve |
|
|
|
|
Earnings Per Share (EPS) before
and after extraordinary items (of Rs. 10/- each) a) Basic b) Diluted |
0.13 0.13 |
0.13 0.13 |
0.35 0.35 |
SEGMENT WISE REVENUE, RESULTS AND CAPITAL
EMPLOYED
FOR THE QUARTER ENDED 31ST
DECEMBER 2017
(INR In Million)
|
Sr. No. |
Particulars |
Quarter Ended |
Quarter Ended |
Nine Months Ended |
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
||
|
Unaudited |
Unaudited |
Unaudited |
||
|
A |
Segment Revenue |
|
|
|
|
|
a) Dr. Cooper |
405.944 |
384.253 |
883.699 |
|
|
b) FMCG |
92.632 |
92.949 |
199.112 |
|
|
c) Special components |
-- |
-- |
-- |
|
|
Total |
498.576 |
477.202 |
1085.331 |
|
|
|
|
|
|
|
|
Less: Inter-Segment
Sales |
-- |
-- |
-- |
|
|
Net Sales Income from Operation |
498.576 |
477.202 |
1085.331 |
|
|
|
|
|
|
|
B |
Segment Results |
|
|
|
|
|
a) Dr. Cooper |
8.812 |
3.828 |
17.469 |
|
|
b) FMCG |
3.872 |
4.325 |
9.069 |
|
|
c) Special components |
-- |
-- |
1.260 |
|
|
Total |
12.684 |
8.153 |
27.798 |
|
|
|
|
|
|
|
|
Less: Finance Cost |
2.476 |
2.400 |
5.930 |
|
|
Add :Other Net
Unallocable Income / (Expenses) |
-- |
-- |
-- |
|
|
Total
Profit Loss Before Taxation |
10.208 |
5.753 |
21.868 |
|
|
|
|
|
|
|
C |
Segment Assets |
|
|
|
|
|
a) Dr. Cooper |
392.138 |
352.138 |
392.138 |
|
|
b) FMCG |
79.501 |
79.501 |
79.501 |
|
|
c) Special components |
45.647 |
45.647 |
45.647 |
|
|
Total
Segment Assets |
517.286 |
477.286 |
517.286 |
|
|
|
|
|
|
|
D |
Segment
Liabilities |
|
|
|
|
|
a) Dr. Cooper |
18.647 |
23.754 |
18.647 |
|
|
b) FMCG |
62.836 |
106.695 |
62.436 |
|
|
c) Special components |
-- |
-- |
-- |
|
|
Total
Segment Liabilities |
81.483 |
130.449 |
81.083 |
FIXED ASSETS
- Land
- Building
- Plant and
Machinery
- Furniture and
Fixture
- Vehicles
- Electrical
Installation
- Patents and
Trademarks
- Innova Cars
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 : |
SVT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
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 |
NO |
|
--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.