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|
|
MIRA INFORM REPORT
|
Report No. : |
504339 |
|
Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
S R J PEETY STEELS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Plot No.D-51/1 and 2, Additional MIDC, Jalna - 431203, Maharashtra |
|
Tel. No.: |
91-2482-220474 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
07.02.1985 |
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|
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Com. Reg. No.: |
11-035293 |
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|
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Capital
Investment / Paid-up Capital : |
INR 211.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27300MH1985PTC035293 |
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|
|
|
IEC No.: [Import-Export Code No.] |
0388172797 |
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|
|
|
GSTIN : [Goods & Service Tax Registration No.] |
27AAACT6742M1ZX |
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TIN No.: |
27680000253 |
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|
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PAN No.: [Permanent Account No.] |
AAACT6742M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Ferrous and Non-Ferrous Metal TMT Bars, MS
Billets, Hot Rolling TMT Bars etc. (Registered activity) |
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|
|
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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 |
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|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1985. It has good track record. As per available financials for the year 2017, the company has achieved decent growth in its revenue compared to its previous year along with good profitability margin during the year. The company possesses sound financial risk profile marked by adequate net worth base along with comfortable debt protection metrics and healthy liquidity position. The rating also factor in long and established track record of business operations along with the promoters extensive industry experience. The company has achieved remarkable earnings per share of INR 1325.52 against its face value of INR 1000. Trade relations are fair. Business is active. Payment terms seems to be usually correct. In view of aforesaid, the company can be considered for business dealings with 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 |
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 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 DECLINED
Management non-cooperative (Tel No.: 91-2482-220701)
LOCATIONS
|
Registered Office/ Factory : |
Plot No.D-51/1 and 2, Additional MIDC, Jalna - 431203, Maharashtra,
India |
|
Tel. No.: |
91-2482-220701/ 221221 |
|
Mobile No.: |
91-9860627273 (Mr. Umesh Polas) 91-9822148104 (Mr. Mukund Tawari) |
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Fax No.: |
91-2482-220474/ 221221 |
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E-Mail : |
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Website: |
|
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|
|
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Branch Office 1
: |
Shop No.14, Dorabjee Enclave, Salunke Vihar Road, Opposite Rosary Church, Kondhwa, Pune – 411048, Maharashtra, India |
|
Tel. No.: |
91-20-32513993 |
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Fax No.: |
91-20-26832539 |
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|
|
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Branch Office 2
: |
Plot No.71/72, Gandhi Naga, Near Santosh, Kirana Store, Bansilal Nagar, Station Road, Aurangabad - 431005, Maharashtra, India |
|
Tel. No.: |
91-240-2364281 |
|
Fax No.: |
91-240-221221 |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Surendrakumar Shantilal Peety |
||||||||||||
|
Designation : |
Managing Director |
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|
Address : |
Ganesh Oil Mill Compound, Ambad Road, Old Jalna, Jalna – 431203,
Maharashtra, India |
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Date of Birth/Age : |
06.09.1968 |
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Date of Appointment : |
01.10.1991 |
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PAN No.: |
AJRPP4860F |
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DIN No.: |
00377146 |
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Other Directorship:
|
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|
||||||||||||
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Name : |
Mr. Jitendra Shantilala Peety |
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|
Designation : |
Director |
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|
Address : |
Ganesh Oil Mill Compound, Ambad Road, Old Jalna, Jalna – 431203,
Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
19.08.1972 |
||||||||||||
|
Date of Appointment : |
05.08.2013 |
||||||||||||
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PAN No.: |
AJRPP4857A |
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DIN No.: |
00377220 |
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Other Directorship:
|
|||||||||||||
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|
||||||||||||
|
Name : |
Mr. Ravindrakumar Shantilal Peety |
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|
Designation : |
Director |
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|
Address : |
Ganesh Oil Mill Compound, Ambad Road, Old Jalna, Jalna – 431203,
Maharashtra, India |
||||||||||||
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Date of Birth/Age : |
28.10.1969 |
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Date of Appointment : |
17.03.1990 |
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PAN No.: |
AAJHR8689F |
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DIN No.: |
00407888 |
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Other Directorship:
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|
||||||||||||
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Name : |
Mr. Amol Govindlalji Dayma |
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Designation : |
Director |
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|
Address : |
Plot No 42, CTS No 5377, Venkatesh Nagar, Jalna – 431203, Maharashtra,
India |
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|
Date of Appointment : |
15.10.2015 |
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|
DIN No.: |
07104587 |
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KEY EXECUTIVES
|
Name : |
Mr. Komal Paraskumar Mutha |
|
Designation : |
Company Secretary |
|
Address : |
D 6, Vardhaman Residency, Garkheda Khivsara Park, Opposite
to Petrol Pump, Aurangabad – 431005, Maharashtra, India |
|
Date of Appointment : |
14.08.2017 |
|
PAN No.: |
BNAPM9955N |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Shantilal Govardhandas Peety |
10940 |
5.18 |
|
Mahendrakumar Rameshwar Peety |
1255 |
0.59 |
|
Shardabai Shantilal Peety |
1700 |
0.80 |
|
Surendra Shantilal Peety |
30766 |
14.56 |
|
Ravindrakumar Shantilal Peety |
27839 |
13.18 |
|
Jitendra Shantilal Peety |
10940 |
5.18 |
|
Nirmalabai Mahendrakumar Peety |
205 |
0.10 |
|
Preeti Shantilal |
188 |
0.09 |
|
Namrata R. Peety |
26207 |
12.40 |
|
Varsha Surendra Peety |
34993 |
16.56 |
|
Rachana Jitendra Peety |
10940 |
5.18 |
|
Surendra Shantilal Peety HUF |
15664 |
7.41 |
|
Ravindra Shantilal Peety HUF |
28723 |
13.59 |
|
Jitendra Shantilal Peety HUF |
10940 |
5.18 |
|
Total |
211300 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 09.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
32.91 |
|
Public/Other than promoters [Individual/Hindu
Undivided Family (Indian)] |
67.09 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ferrous and Non-Ferrous Metal TMT Bars, MS
Billets, Hot Rolling TMT Bars etc. (Registered activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Krishna Rao and Company Chartered Accountants |
|
Address : |
Bezonji Road, Jalna, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFK7647A |
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|
|
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Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
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|
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|
Other Related Party
: |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
211500 |
Equity Shares |
INR 1000/- each |
INR 211.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
211300 |
Equity Shares |
INR 1000/- each |
INR 211.300 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
211.300 |
211.300 |
211.300 |
|
(b) Reserves and Surplus |
644.145 |
381.575 |
285.821 |
|
(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) |
855.445 |
592.875 |
497.121 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
310.878 |
149.943 |
207.169 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
286.281 |
279.810 |
279.939 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
597.159 |
429.753 |
487.108 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
611.205 |
468.266 |
759.745 |
|
(b) Trade
payables |
0.000 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
50.734 |
130.957 |
66.858 |
|
Total Current
Liabilities (4) |
661.939 |
599.223 |
826.603 |
|
|
|
|
|
|
TOTAL |
2114.543 |
1621.851 |
1810.832 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
742.638 |
403.238 |
452.600 |
|
(ii)
Intangible Assets |
15.900 |
21.200 |
27.690 |
|
(iii) Tangible assets
capital work-in-progress |
69.288 |
35.920 |
21.256 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.641 |
5.880 |
5.880 |
|
(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 |
65.321 |
41.153 |
40.848 |
|
Total Non-Current
Assets |
902.788 |
507.391 |
548.274 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
43.141 |
32.542 |
12.605 |
|
(b)
Inventories |
383.618 |
225.828 |
380.626 |
|
(c) Trade
receivables |
610.777 |
645.469 |
665.971 |
|
(d) Cash and
bank balances |
174.219 |
181.692 |
174.427 |
|
(e) Short-term
loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
0.000 |
28.929 |
28.929 |
|
Total
Current Assets |
1211.755 |
1114.460 |
1262.558 |
|
|
|
|
|
|
TOTAL |
2114.543 |
1621.851 |
1810.832 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
5507.289 |
5065.471 |
4751.613 |
|
|
Other Income |
136.195 |
132.824 |
130.585 |
|
|
TOTAL |
5643.484 |
5198.295 |
4882.198 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3738.011 |
3424.000 |
3255.448 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(7.311) |
6.014 |
182.957 |
|
|
Employee benefit expense |
178.452 |
122.141 |
60.901 |
|
|
Other expenses |
1327.593 |
1384.931 |
1086.243 |
|
|
TOTAL |
5236.745 |
4937.086 |
4585.549 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
406.739 |
261.209 |
296.649 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
89.076 |
84.714 |
105.239 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
317.663 |
176.495 |
191.410 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
37.580 |
31.239 |
36.861 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
280.083 |
145.256 |
154.549 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
42.020 |
43.126 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
280.083 |
103.236 |
111.423 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1325.523 |
488.575 |
527.321 |
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 |
|
Net cash flows from (used in) operations |
150.859 |
369.037 |
282.692 |
|
Net cash flows from (used in) operating activity |
150.859 |
327.017 |
239.566 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
40.48 |
46.51 |
51.16 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
9.02 |
7.85 |
7.13 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.06 |
1.16 |
0.78 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.49 |
0.57 |
0.59 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.46 |
0.46 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.08 |
1.04 |
1.95 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.77 |
1.01 |
1.66 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.97 |
0.78 |
1.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.57 |
3.08 |
2.82 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.09 |
2.04 |
2.34 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
13.25 |
6.37 |
6.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
32.74 |
17.41 |
22.41 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.83 |
1.86 |
1.53 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.25 |
1.48 |
1.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.40 |
0.37 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.36 |
2.93 |
4.58 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.83 |
1.86 |
1.53 |
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 |
211.300 |
211.300 |
211.300 |
|
Reserves & Surplus |
285.821 |
381.575 |
644.145 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
497.121 |
592.875 |
855.445 |
|
|
|
|
|
|
long-term borrowings |
207.169 |
149.943 |
310.878 |
|
Short term borrowings |
759.745 |
468.266 |
611.205 |
|
Total
borrowings |
966.914 |
618.209 |
922.083 |
|
Debt/Equity
ratio |
1.945 |
1.043 |
1.078 |
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 |
4751.613 |
5065.471 |
5507.289 |
|
|
|
6.605 |
8.722 |
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 |
4751.613 |
5065.471 |
5507.289 |
|
Profit |
111.423 |
103.236 |
280.083 |
|
|
2.34
% |
2.04
% |
5.09
% |
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 |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
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 |
No |
|
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 |
PERFORMANCE DURING
THE YEAR
The sales turnover achieved by the company during the year id INR
5507.289 Million as compared to the sales turnover of the previous year of INR
5065.471 Million. Increase in sales turnover in 8.72%. The profit after tax
During the year of INR 280.083 as compared to the same figure of previous year
of INR 103.236 Million i.e. Increase in profit after tax by almost 2.12 times
as compared to previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
0.000 |
0.461 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
134.804 |
0.000 |
|
Total |
134.804 |
0.461 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Amount |
Address |
|
1 |
G57135774 |
100128356 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
21/09/2017 |
- |
100000000.0 |
H.O. : 269/270 SHANIWAR PETH, PUNE-411030 |
|
2 |
B60729951 |
10383067 |
THE COSMOS CO- OPERATIVE BANK LIMITED |
10/10/2012 |
- |
120000000.0 |
NEW MONDHA ROAD,JALNA BRANCHJALNAMH431203IN |
|
3 |
B17666967 |
10264551 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
28/12/2010 |
08/07/2011 |
18000000.0 |
NEW MONDHA ROAD,JALNA BRANCHJALNAMH431203IN |
|
4 |
G40008757 |
10176376 |
THE COSMOS CO - OPERATIVE BANK LIMITED |
01/09/2009 |
28/10/2016 |
1584000000.0 |
NEW MONDHA ROAD,JALNA BRANCH,JALNAMH431203IN |
|
5 |
B29956596 |
10176769 |
THE COSMOS CO-OPERATIVE BANK LIMITED |
19/08/2009 |
16/12/2011 |
12000000.0 |
NASCENT TOWER, PLOT NO. 15,BHOKARDAN NAKA ROADJALNAMH431203IN |
|
6 |
A65135881 |
10165689 |
HDFC BANK LIMITED |
02/06/2009 |
- |
3000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
A60304649 |
10153378 |
HDFC BANK LIMITED |
07/03/2009 |
- |
1797000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
8 |
C02272300 |
90219927 |
THE STATE INDUSTRIAL & INVE. CORP. OF MAHARASHTRA LTD. |
10/09/1985 |
30/07/1990 |
4100000.0 |
NIRMAL; 1ST FLOORNARIMAN POINTBOMBAYMH400021IN |
|
9 |
B15439037 |
10273156 |
THE COSMOS CO - OPERATIVE BANK LIMITED |
10/02/2011 |
- |
40000000.0 |
NASCENT TOWER, PLOT NO. 15,BHOKARDAN NAKA ROADJALNAMH431203IN |
|
10 |
A70186473 |
80043527 |
DENA BANK |
02/04/2005 |
15/03/2008 |
188000000.0 |
JALNA ROADSAROJANIDEVI ROADJALNAMH431203IN |
FIXED ASSETS
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· 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 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 65.45 |
|
|
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
TRUP |
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.