|
|
|
%20PRIVATE%20LIMITED%20-%20503908_MIRA%2017-Apr-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20503908_MIRA%2017-Apr-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20503908_MIRA%2017-Apr-2018_files/image006.gif)
MIRA INFORM REPORT
|
Report No. : |
503908 |
|
Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
B.BRAUN MEDICAL (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.601, Wing A, 6th Floor, Boomerang, Chandivali Farm Road, Near
Chandivali Studio, Mumbai – 400072, Maharashtra |
|
Tel. No.: |
91-22-66682222 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.03.1984 |
|
|
|
|
Com. Reg. No.: |
11-214514 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 590.908 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33112MH1984PTC214514 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB7394M |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACB7394M1Z5 |
|
|
|
|
Legal Form : |
Private 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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1984. It is a subsidiary of B.
Braun Medical Industries Sdn Bhd, Malaysia. As per the financial of 2017, the company has achieved a fair growth
in its revenue as compared to the previous year’s revenue and has gained an
average net profit margin of 4.28%. The sound financial position of the company is marked by healthy
networth base along with adequate debt protection metrics. These strengths are partially offset by working capital-intensive
operations, and exposure to risks related to intense competition and to
volatility in foreign exchange rates. Business is active. Payment seems to be regular. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans=A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
30.06.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans=A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
30.06.2017 |
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 17.04.2018
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
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-66682222)
LOCATIONS
|
Registered Office : |
Unit No.601, Wing A, 6th Floor, Boomerang, Chandivali Farm Road, Near
Chandivali Studio, Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-66682222 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Plant : |
Located at:
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Indranil Mukherjee |
|
Designation : |
Managing Director |
|
Address : |
A-204, Sahayog Housing Complex, Tikujini Wadi Road, Thane (West), Thane – 400610, Maharashtra, India |
|
Date of Appointment : |
08.08.2017 |
|
DIN No.: |
06692898 |
|
|
|
|
Name : |
Ms. Minakshi Subhash
Samant |
|
Designation : |
Director |
|
Address : |
A-1403, Green Park CHS, Raheja Estate Borivali (East), Mumbai – 400066, Maharashtra, India |
|
Date of Appointment : |
08.08.2017 |
|
DIN No.: |
07138138 |
|
|
|
|
Name : |
Mr. Andreas Walde |
|
Designation : |
Director |
|
Address : |
521D-33A-01, The Cove, Jalan TG. Bungah Tanjung Bunga, Penang 11200 MY |
|
Date of Birth/Age : |
07.06.1970 |
|
Date of Appointment : |
05.11.2015 |
|
DIN No.: |
07331893 |
|
|
|
|
Name : |
Christoph Mueller |
|
Designation : |
Additional Director |
|
Address : |
Marriott Executive Apartment - Lakeside Chalet, 2 and 3B, Near Chinmayanand Ashram, Powai, Mumbai – 400087, Maharashtra, India |
|
Date of Appointment : |
23.11.2017 |
|
DIN No.: |
08000451 |
KEY EXECUTIVES
|
Name : |
Mr. Tauseef Nuruddin
Shaikh |
|
Designation : |
Company Secretary |
|
Address : |
305/3rd Floor, Ganesh Krupa Building, Near Parsik Tunnel, Mumbai – 400612, Maharashtra, India |
|
Date of Appointment : |
01.09.2017 |
|
PAN No.: |
BOLPS7887H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
B. Braun Medical Industries Sdn Bhd, Malaysia |
|
5909081 |
|
B Braun Medical International, Spain |
|
1 |
|
Total |
|
5909082 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Others-Foreign Body Corporates) |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20503908_MIRA%2017-Apr-2018_files/image008.gif)
BUSINESS DETAILS
|
Line of Business : |
(Registered Activity) |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Bangalore LLP Chartered Accountants |
|
Address : |
Nesco IT Building III, 8th Floor, Nesco IT Park, Nesco Complex, Gate No. 3, Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFP9359C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
B. Braun Medical Industries Sdn. Bhd., Malaysia |
|
|
|
|
Ultimate Holding
Company : |
B. Braun Melsungen AG, Germany |
|
|
|
|
Subsidiary company |
Oyster Medisafe Private Limited |
|
|
|
|
Fellow Subsidiary Companies : |
|
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5910000 |
Equity Shares |
INR 100/- each |
INR 591.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5909082 |
Equity Shares |
INR 100/- each |
INR 590.908
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 |
590.908 |
590.908 |
590.908 |
|
(b) Reserves and Surplus |
1077.649 |
868.656 |
646.787 |
|
(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) |
1668.557 |
1459.564 |
1237.695 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
18.455 |
16.097 |
14.364 |
|
Total Non-current
Liabilities (3) |
18.455 |
16.097 |
14.364 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
506.733 |
549.144 |
592.046 |
|
(b) Trade
payables |
570.492 |
551.763 |
638.847 |
|
(c) Other
current liabilities |
156.648 |
177.473 |
299.714 |
|
(d) Short-term
provisions |
100.187 |
112.290 |
118.668 |
|
Total Current
Liabilities (4) |
1334.060 |
1390.670 |
1649.275 |
|
|
|
|
|
|
TOTAL |
3021.072 |
2866.331 |
2901.334 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
192.169 |
235.524 |
297.664 |
|
(ii)
Intangible Assets |
0.096 |
0.187 |
0.687 |
|
(iii) Tangible assets
capital work-in-progress |
28.166 |
11.997 |
9.956 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
526.412 |
526.412 |
376.412 |
|
(c) Deferred tax assets (net) |
106.701 |
87.530 |
81.843 |
|
(d)
Long-term loans and advances |
57.483 |
58.504 |
58.077 |
|
(e) Other
Non-current assets |
13.303 |
9.405 |
3.680 |
|
Total Non-Current
Assets |
924.330 |
929.559 |
828.319 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
878.999 |
943.856 |
1127.363 |
|
(c) Trade
receivables |
754.514 |
728.365 |
691.158 |
|
(d) Cash and
bank balances |
64.967 |
20.421 |
18.476 |
|
(e)
Short-term loans and advances |
138.389 |
171.721 |
180.300 |
|
(f) Other
current assets |
259.873 |
72.409 |
55.718 |
|
Total
Current Assets |
2096.742 |
1936.772 |
2073.015 |
|
|
|
|
|
|
TOTAL |
3021.072 |
2866.331 |
2901.334 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4878.247 |
4291.723 |
4833.208 |
|
|
Other Income |
50.409 |
8.554 |
6.264 |
|
|
TOTAL |
4928.656 |
4300.277 |
4839.472 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
842.901 |
692.829 |
857.669 |
|
|
Purchases of
Stock-in-Trade |
2280.144 |
1754.189 |
2680.757 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
28.958 |
233.961 |
(189.053) |
|
|
Employee benefit expense |
430.243 |
383.263 |
378.197 |
|
|
CSR expenditure |
1.176 |
0.000 |
0.000 |
|
|
Other expenses |
892.903 |
770.419 |
778.454 |
|
|
TOTAL |
4476.325 |
3834.661 |
4506.024 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
452.331 |
465.616 |
333.448 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
53.858 |
80.577 |
74.066 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
398.473 |
385.039 |
259.382 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
74.151 |
87.642 |
83.088 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
324.322 |
297.397 |
176.294 |
|
|
|
|
|
|
|
Less |
TAX |
115.329 |
75.528 |
81.827 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
208.993 |
221.869 |
94.467 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
1241.461 |
1146.798 |
1338.312 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
35.37 |
37.55 |
15.99 |
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 |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
340.118 |
398.228 |
198.336 |
|
Net cash flow from operating activity |
185.383 |
298.301 |
149.648 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
56.45 |
61.95 |
52.20 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
6.47 |
5.89 |
6.99 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
66.68 |
82.30 |
65.90 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.51 |
0.49 |
0.30 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.05 |
1.88 |
1.08 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.44 |
0.49 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.30 |
0.38 |
0.48 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.80 |
0.95 |
1.33 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.13 |
0.17 |
0.25 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
8.40 |
5.78 |
4.50 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
4.28 |
5.17 |
1.95 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.92 |
7.74 |
3.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.53 |
15.20 |
7.63 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.57 |
1.39 |
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.91 |
0.71 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.55 |
0.51 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.86 |
0.93 |
1.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.57 |
1.39 |
1.26 |
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 |
590.908 |
590.908 |
590.908 |
|
Reserves & Surplus |
646.787 |
868.656 |
1077.649 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1237.695 |
1459.564 |
1668.557 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
592.046 |
549.144 |
506.733 |
|
Total
borrowings |
592.046 |
549.144 |
506.733 |
|
Debt/Equity
ratio |
0.478 |
0.376 |
0.304 |
%20PRIVATE%20LIMITED%20-%20503908_MIRA%2017-Apr-2018_files/image010.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 |
4833.208 |
4291.723 |
4878.247 |
|
|
|
(11.203) |
13.666 |
%20PRIVATE%20LIMITED%20-%20503908_MIRA%2017-Apr-2018_files/image012.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 |
4833.208 |
4291.723 |
4878.247 |
|
Profit/ (Loss) |
94.467 |
221.869 |
208.993 |
|
|
1.95
% |
5.17
% |
4.28
% |
%20PRIVATE%20LIMITED%20-%20503908_MIRA%2017-Apr-2018_files/image014.gif)
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
590.908 |
590.908 |
|
(b) Reserves and Surplus |
|
754.032 |
659.654 |
|
(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) |
|
1344.940 |
1250.562 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
21.269 |
19.689 |
|
Total Non-current
Liabilities (3) |
|
21.269 |
19.689 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1135.679 |
1054.441 |
|
(b) Trade
payables |
|
642.163 |
566.294 |
|
(c) Other
current liabilities |
|
199.790 |
243.571 |
|
(d) Short-term
provisions |
|
100.131 |
112.286 |
|
Total Current
Liabilities (4) |
|
2077.763 |
1976.592 |
|
|
|
|
|
|
TOTAL |
|
3443.972 |
3246.843 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
499.481 |
470.945 |
|
(ii)
Intangible Assets |
|
6.505 |
9.029 |
|
(iii) Tangible assets
capital work-in-progress |
|
77.436 |
58.417 |
|
(iv)
Intangible assets under development |
|
402.329 |
402.329 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
106.701 |
87.530 |
|
(d)
Long-term loans and advances |
|
127.469 |
147.693 |
|
(e) Other
Non-current assets |
|
13.675 |
9.777 |
|
Total Non-Current
Assets |
|
1233.596 |
1185.720 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1039.114 |
1042.781 |
|
(c) Trade
receivables |
|
802.699 |
748.544 |
|
(d) Cash and
bank balances |
|
65.684 |
20.710 |
|
(e)
Short-term loans and advances |
|
150.177 |
176.389 |
|
(f) Other
current assets |
|
152.702 |
72.699 |
|
Total
Current Assets |
|
2210.376 |
2061.123 |
|
|
|
|
|
|
TOTAL |
|
3443.972 |
3246.843 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
5198.544 |
4498.401 |
|
|
Other Income |
|
51.225 |
8.947 |
|
|
TOTAL |
|
5249.769 |
4507.348 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1075.414 |
857.259 |
|
|
Purchases of
Stock-in-Trade |
|
2264.367 |
1718.171 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(23.763) |
189.112 |
|
|
Employee benefit expense |
|
465.568 |
411.258 |
|
|
CSR expenditure |
|
1.176 |
0.000 |
|
|
Other expenses |
|
1026.047 |
886.358 |
|
|
TOTAL |
|
4808.809 |
4062.158 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
440.960 |
445.190 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
116.717 |
131.727 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
324.243 |
313.463 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
114.536 |
119.580 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
209.707 |
193.883 |
|
|
|
|
|
|
|
Less |
TAX |
|
115.329 |
75.528 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
94.378 |
118.355 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
15.97 |
20.03 |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK
During the year, turnover of the Company, on standalone basis, has increased by INR 628.600 Million from total INR 4300.000 Million in the previous year to INR 4928.600 Million approximately there by recording growth of 14.61%.
Profit before tax is INR 324.300 Million compared to INR 297.300 Million in previous year on standalone basis and Profit after tax is INR 208.900 Million compared to INR 221.800 Million in previous year on standalone basis.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Rupee term loans from banks |
506.733 |
549.144 |
|
|
|
|
|
Total |
506.733 |
549.144 |
INDEX
OF CHARGES
|
Charges Registered |
|||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Satisfaction |
Amount |
Address |
|
1 |
A03576030 |
90076178 |
DEUTSCHE BANK |
18/09/1996 |
09/08/2006 |
40000000.0 |
BOMBAY BRANCH POST BOX NO 11 42 HAZARIMAL SOMANI MARG FORT MUMBAI MAHARASHTRA 400001 INDIA |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.44 |
|
|
1 |
INR 93.27 |
|
Euro |
1 |
INR 80.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.