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MIRA INFORM REPORT
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Report No. : |
504043 |
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Report Date : |
18.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
CHARTERED SPEED PRIVATE LIMITED |
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Registered
Office : |
Sarkhej - Bavla Highway, Sanathal Circle, Sarkhej, Opposite Hotel Khodal, Ahmedabad - 382210, Gujarat |
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Tel. No.: |
91-79-31209200 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
22.05.2007 |
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Com. Reg. No.: |
04-050923 |
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Capital
Investment / Paid-up Capital : |
INR 69.896 Million |
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CIN No.: [Company Identification
No.] |
U63030GJ2007PTC050923 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
24AADCC0802E2ZG |
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TIN No: |
24074502681 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCC0802E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged mainly in the business of passenger transportation services via buses and taxis in Gujarat and Madhya Pradesh. In addition to this, Company is engaged in the business of cargo and parcel services and bus body. (Registered Activity) |
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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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2007 and it is having a fine track record. It is engaged in the business of providing intracity, intercity, staff and school transport, and mobile cab service and also offers commercial vehicle body fabrication and configuration services. For the financial year 2017, the company has achieved decent growth in its revenue as compared to its previous year along with fair profitability margin during the year. Rating takes into consideration, the comfortable financial risk profile, robust debt protection metrics, and adequate liquidity position of the company. Rating continue to derive strength from its established track record of its business operation backed by its well-experienced management team. However, these rating strengths gets partially offset by tender-based nature of business, and by risks pertaining to geographic and segment concentration, and change in state government transportation policies. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealing 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 |
CARE |
|
Rating |
Long Term Ratings (BBB+) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
03.11.2017 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Ratings (A2) |
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Rating Explanation |
Strong degree of safety and low credit risk. |
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Date |
03.11.2017 |
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 18.04.2018
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
91-79-31209200 (Continuously Ringing)
Management non-cooperative (Tel No.: 91-79-67776777)
91-2717-251909 (Incorrect number)
LOCATIONS
|
Registered Office/Corporate Office : |
Sarkhej - Bavla Highway, Sanathal Circle, Sarkhej, Opposite Hotel Khodal, Ahmedabad - 382210, Gujarat, India |
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Tel. No.: |
91-79-31209200/ 67776777 |
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Fax No.: |
Not Available |
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Email: |
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Website: |
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Head Office : |
AICTSL Campus, Near Medical Collage, City bus and Metro Taxi Depot, Plot No.30, Residency Area, A.B. Road, Near Suyush Hospital, Indore, Madhya Pradesh, India |
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Tel. No.: |
91-731-4288888 |
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Branch Office /
Booking Counter /Pickup / Drop Point): |
Located At:
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Booking Counter: |
Located At:
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DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Pankajkumar Gyanchand Gandhi |
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Designation : |
Managing Director |
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Address : |
10, Aditraj Bunglow, Jodhpur Gam Road, Near Prernatirth Jain Derasar, Ahmedabad - 380015, Gujarat, India |
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Date of Birth/Age : |
13.12.1968 |
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PAN No: |
ABCPG5176G |
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Qualification: |
Graduate |
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Date of Appointment : |
31.07.2008 |
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DIN No.: |
00414409 |
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Name : |
Mrs. Kinjal P Gandhi |
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Designation : |
Director |
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Address : |
10, Aditraj Bungalows, Near Prernatirth Jain Temple, Satellite, Ahmedabad - 380015, Gujarat, India |
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Date of Birth/Age : |
25.10.1994 |
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PAN No: |
AZVPG3761A |
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Qualification: |
Graduate |
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Date of Appointment : |
01.10.2013 |
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DIN No.: |
06681258 |
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Name : |
Mrs. Alka Pankajkumar Gandhi |
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Designation : |
Director |
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Address : |
10, Aditraj Bunglow, Jodhpur Gam Road, Near Prernatirth Jain Derasar, Ahmedabad - 380015, Gujarat, India |
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Date of Birth/Age : |
15.11.1971 |
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PAN No: |
ABDPG9727A |
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Qualification: |
Graduate |
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Date of Appointment : |
15.06.2011 |
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DIN No.: |
00414420 |
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|
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Name : |
Sanyam Gandhi |
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Designation : |
Additional Director |
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Address : |
10, Aditraj Bunglow, Jodhpur Gam Road, Near Prernatirth Jain Derasar, Ahmedabad - 380015, Gujarat, India |
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Date of Birth/Age : |
02.08.1996 |
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Date of Appointment : |
17.03.2018 |
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DIN No.: |
07160760 |
KEY EXECUTIVES
|
Name : |
Nirav Prakashchandra Patel |
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Designation : |
Company Secretary |
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Address : |
C-2, New Utsav Appartment, Hirabaug Crossing, Ambawadi, Ahmedabad -380006, Gujarat, India |
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Date of Birth/Age : |
15.01.1988 |
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Date of Appointment : |
17.03.2018 |
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PAN No.: |
ARMPP1455B |
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Name : |
Deen Bandhu Gaggar |
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Designation : |
Chief Finance Officer |
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Address : |
C-101, Shyam Tirth Appartment, Jodhpur, Satellite, Ahmedabad-380015, Gujarat, India |
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Date of Birth/Age : |
21.11.1966 |
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Date of Appointment : |
17.03.2018 |
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PAN No.: |
ADEPG2343P |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Pankajkumar Gyanchand Gandhi |
3549600 |
50.78 |
|
Alka Pankajkumar Gandhi |
3440000 |
49.22 |
|
|
|
|
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Total |
6989600 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
The Company is engaged mainly in the business of passenger transportation services via buses and taxis in Gujarat and Madhya Pradesh. In addition to this, Company is engaged in the business of cargo and parcel services and bus body. (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 : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Walker Chandiok and Company LLP Chartered Accountants |
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Address : |
16th Floor, Tower II, Indiabulls Finance Centre, S. B. Marg, Elphinstone (West), Mumbai 400013, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFW4298E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates |
Chartered Autozone Private Limited (U50100GJ2012PTC069655) |
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Subsidiary Company: |
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CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6989600 |
Equity Shares |
INR 10/- each |
INR 69.896 Million |
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|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
69.896 |
69.896 |
69.896 |
|
(b) Reserves & Surplus |
322.877 |
212.798 |
96.006 |
|
(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) |
392.773 |
282.694 |
165.902 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
343.438 |
359.038 |
298.970 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
5.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
7.259 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
355.697 |
359.038 |
298.970 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
102.087 |
40.612 |
6.800 |
|
(b) Trade
payables |
9.207 |
6.800 |
7.059 |
|
(c) Other current
liabilities |
233.146 |
178.230 |
144.086 |
|
(d) Short-term
provisions |
26.424 |
11.473 |
3.929 |
|
Total Current
Liabilities (4) |
370.864 |
237.115 |
161.874 |
|
|
|
|
|
|
TOTAL |
1119.334 |
878.847 |
626.746 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
609.071 |
447.693 |
369.639 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.250 |
8.066 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
7.582 |
0.267 |
0.705 |
|
(c) Deferred tax assets (net) |
10.564 |
11.021 |
7.058 |
|
(d) Long-term Loan and Advances |
73.538 |
74.786 |
45.374 |
|
(e) Other Non-current
assets |
2.020 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
704.025 |
541.833 |
422.776 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
96.480 |
82.567 |
71.908 |
|
(b)
Inventories |
2.929 |
15.333 |
12.704 |
|
(c) Trade
receivables |
197.450 |
145.302 |
61.455 |
|
(d) Cash
and cash equivalents |
74.633 |
61.372 |
18.008 |
|
(e)
Short-term loans and advances |
43.399 |
31.946 |
26.140 |
|
(f) Other
current assets |
0.418 |
0.494 |
13.755 |
|
Total
Current Assets |
415.309 |
337.014 |
203.970 |
|
|
|
|
|
|
TOTAL |
1119.334 |
878.847 |
626.746 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2361.211 |
1985.013 |
1442.787 |
|
|
Other Income |
26.931 |
12.691 |
9.203 |
|
|
TOTAL |
2388.142 |
1997.704 |
1451.990 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
96.778 |
0.332 |
155.766 |
|
|
Purchases of
Stock-in-Trade |
102.183 |
185.432 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
12.405 |
(2.629) |
0.000 |
|
|
Employees benefits
expense |
368.060 |
248.829 |
163.127 |
|
|
Prior Period |
7.084 |
0.000 |
0.000 |
|
|
CSR Expenditure |
3.334 |
1.136 |
0.594 |
|
|
Other expenses |
1376.743 |
1133.578 |
869.069 |
|
|
TOTAL |
1966.587 |
1566.678 |
1188.556 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
421.555 |
431.026 |
263.434 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
54.033 |
59.354 |
41.953 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
367.522 |
371.672 |
221.481 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
198.118 |
196.996 |
132.558 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
169.404 |
174.676 |
88.923 |
|
|
|
|
|
|
|
Less |
TAX |
59.325 |
57.884 |
28.518 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
110.079 |
116.792 |
60.405 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
212.798 |
96.006 |
35.601 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
322.877 |
212.798 |
96.006 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
15.75 |
16.71 |
8.64 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
169.328 |
146.016 |
122.429 |
|
Cash generated from operations |
422.829 |
374.753 |
278.210 |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
344.609 |
321.697 |
275.332 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
30.52 |
26.72 |
15.55 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
11.96 |
13.66 |
23.48 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
16.89 |
13.36 |
16.54 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
143.92 |
28.11 |
20.74 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.69 |
0.95 |
0.71 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.79 |
0.84 |
0.93 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.57 |
1.93 |
2.58 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.94 |
0.84 |
0.98 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.55 |
1.61 |
2.23 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
7.80 |
7.26 |
6.28 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.66 |
5.88 |
4.19 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.83 |
13.29 |
9.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
28.03 |
41.31 |
36.41 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.12 |
1.42 |
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.11 |
1.36 |
1.18 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.35 |
0.32 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
8.80 |
7.81 |
6.13 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.12 |
1.42 |
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 |
69.896 |
69.896 |
69.896 |
|
Reserves & Surplus |
96.006 |
212.798 |
322.877 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
165.902 |
282.694 |
392.773 |
|
|
|
|
|
|
long-term borrowings |
298.970 |
359.038 |
343.438 |
|
Short term borrowings |
6.800 |
40.612 |
102.087 |
|
Current maturities of
long-term debts |
122.429 |
146.016 |
169.328 |
|
Total
borrowings |
428.199 |
545.666 |
614.853 |
|
Debt/Equity
ratio |
2.581 |
1.930 |
1.565 |
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 |
1442.787 |
1985.013 |
2361.211 |
|
|
|
37.582 |
18.952 |
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 |
1442.787 |
1985.013 |
2361.211 |
|
Profit /(Loss) |
60.405 |
116.792 |
110.079 |
|
|
4.19% |
5.88% |
4.66% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
69.896 |
69.896 |
|
(b) Reserves & Surplus |
318.845 |
216.309 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
|
(3) Minority Interest |
2.415 |
0.129 |
|
Total Shareholders’
Funds (1) + (2) |
391.156 |
286.334 |
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
(a) long-term borrowings |
343.824 |
364.638 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
5.000 |
0.000 |
|
(d) long-term
provisions |
9.259 |
0.000 |
|
Total Non-current
Liabilities (3) |
358.083 |
364.638 |
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
(a) Short
term borrowings |
118.437 |
40.612 |
|
(b) Trade
payables |
10.560 |
19.301 |
|
(c) Other current
liabilities |
258.566 |
207.021 |
|
(d) Short-term
provisions |
26.424 |
12.860 |
|
Total Current
Liabilities (4) |
413.987 |
279.794 |
|
|
|
|
|
TOTAL |
1163.226 |
930.766 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1)
Non-current assets |
|
|
|
(a) Fixed
Assets |
|
|
|
(i)
Tangible assets |
611.344 |
455.932 |
|
(ii)
Intangible Assets |
8.719 |
9.414 |
|
(iii)
Capital work-in-progress |
16.152 |
9.573 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
11.246 |
15.449 |
|
(d) Long-term Loan and Advances |
74.290 |
79.388 |
|
(e) Other
Non-current assets |
2.019 |
0.000 |
|
Total Non-Current
Assets |
723.770 |
569.756 |
|
|
|
|
|
(2)
Current assets |
|
|
|
(a)
Current investments |
96.480 |
82.617 |
|
(b)
Inventories |
5.253 |
21.473 |
|
(c) Trade
receivables |
197.634 |
152.905 |
|
(d) Cash
and cash equivalents |
91.141 |
72.257 |
|
(e)
Short-term loans and advances |
47.933 |
31.208 |
|
(f) Other current
assets |
1.015 |
0.550 |
|
Total
Current Assets |
439.456 |
361.010 |
|
|
|
|
|
TOTAL |
1163.226 |
930.766 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
Income |
2362.925 |
2041.636 |
|
|
Other Income |
30.309 |
13.607 |
|
|
TOTAL |
2393.234 |
2055.243 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
96.778 |
0.332 |
|
|
Purchases of
Stock-in-Trade |
104.508 |
210.891 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
10.104 |
(4.326) |
|
|
Employees benefits
expense |
369.239 |
258.735 |
|
|
CSR Expenditure |
3.336 |
1.136 |
|
|
Other expenses |
1390.141 |
1146.109 |
|
|
TOTAL |
1974.106 |
1612.877 |
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
419.128 |
442.366 |
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
54.497 |
60.472 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
364.631 |
381.894 |
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
196.446 |
202.280 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
168.185 |
179.614 |
|
|
|
|
|
|
Less |
TAX |
65.801 |
58.387 |
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS) FOR PERIOD FROM CONTINUING OPERATIONS |
102.384 |
121.227 |
|
|
|
|
|
|
|
PROFIT (LOSS) OF MINORITY
INTEREST |
1.181 |
0.355 |
|
|
|
|
|
|
|
SHARE OF PROFIT (LOSS) OF
ASSOCIATES |
(1.003) |
-0.350 |
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS) FOR
PERIOD |
102.562 |
121.232 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
14.65 |
17.34 |
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 |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
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 |
NOTE: Registered office of the company has been
shifted from “Chartered House, 6, Dada Estate, Anand Chokdi, Sarkhej,
Ahmedabad- 382210, Gujarat, India” to the
present address w.e.f. 01.03.2011.
STATE OF AFFAIRS
The Company is engaged in the business of Passenger Transport (Inter and Intra City Bus Service) there has been no change in the business of the Company during the financial year ended 31st March, 2017. During the year the company did well.
BACKGROUND
The Company was incorporated in India on 22 May 2007 and is engaged mainly in the business of passenger transportation services via buses and taxis in Gujarat and Madhya Pradesh. In addition to this, Company is engaged in the business of cargo and parcel services and bus body sales in Gujarat and Madhya Pradesh.
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 |
32.385 |
|
Short-term
borrowings |
|
|
|
Term loans from banks |
36.702 |
0.000 |
|
Total |
36.702 |
32.385 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G81208209 |
100164144 |
AXIS BANK LIMITED |
22/02/2018 |
- |
- |
5006500.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
2 |
G76622026 |
100153804 |
ICICI BANK LIMITED |
17/01/2018 |
- |
- |
11000000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
3 |
G49722796 |
100113846 |
HDFC BANK LIMITED |
18/07/2017 |
- |
- |
35700000.0 |
HDFC Bank House,Senapati Bapat Marg, Lower Parel WestMumbaiMH400013IN |
|
4 |
G44687705 |
100099839 |
ICICI BANK LIMITED |
10/05/2017 |
- |
- |
1850000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
5 |
G44968071 |
100100513 |
HDFC BANK LIMITED |
04/05/2017 |
- |
- |
2548187.0 |
HDFC Bank House,Senapati Bapat Marg, Lower Parel WestMumbaiMH400013IN |
|
6 |
G37054707 |
100080022 |
AXIS BANK LIMITED |
21/02/2017 |
- |
- |
14000000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
7 |
G38820635 |
100084571 |
KOTAK MAHINDRA BANK LIMITED |
21/02/2017 |
- |
- |
11160000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN |
|
8 |
G36795201 |
100079458 |
HDFC BANK LIMITED |
17/02/2017 |
- |
- |
1743595.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WESTMUMBAIMH400013IN |
|
9 |
G36480424 |
100078834 |
HDFC BANK LIMITED |
01/02/2017 |
- |
- |
13614684.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WESTMUMBAIMH400013IN |
|
10 |
G33833252 |
100073210 |
HDFC BANK LIMITED |
31/12/2016 |
- |
- |
89974500.0 |
HDFC BANK LIMITED, HDFC Bank House,Senapati Bapat Marg, Lower Parel WestMumbaiMH400013IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Office equipment
- Computer Accessories
- Computer
Software
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 65.61 |
|
|
1 |
INR 94.21 |
|
Euro |
1 |
INR 81.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
NSG |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.