|
|
|
MIRA INFORM REPORT
|
Report No. : |
504533 |
|
Report Date : |
18.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
OC SPECIALITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
205, The Chambers, Western Express Highway, Vile Parle (East), Mumbai
– 400057, Maharashtra |
|
Tel. No.: |
91-22-26269200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.01.2005 |
|
|
|
|
Com. Reg. No.: |
11-150735 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.686 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2005PTC150735 |
|
|
|
|
TIN No.: |
27880074930 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0305003364 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACO7181P1ZT |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO7181P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is presently engaged in Manufacturing, Trading, Importing, Exporting and Manufacturing of Organic and Inorganic Chemical Compounds. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
40 (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
OC Specialities Private Limited is a manufacturer, trader, exporter
and importer of organic and inorganic chemical compound. The company was
incorporated in the year 2005 and is based in Mumbai, Maharashtra. It is an
established company having good track. For the financial year ended 2017, the company has witnessed a healthy
growth in its revenue and reported fair profit margin at 2.38% (approx.) The company sound financial profile is reflected by healthy net worth
base along with low debt level and favorable gap between trade payables to
its trade receivables. The rating also takes into consideration decent earning per share of
the company (i.e. earning per share of INR 1147 against face value of INR
10.) Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitments. 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 |
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 187.04.2018
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 (GENERAL DETAILS)
|
Name : |
Mr. Niranjan |
|
Designation : |
Logistics Department |
|
Contact No.: |
91-22-26269200 |
|
Date : |
17.04.2018 |
LOCATIONS
|
Registered Office : |
205, The Chambers, Western Express Highway, Vile Parle (East), Mumbai
– 400057, Maharashtra, India |
|
Tel. No.: |
91-22-26269200 |
|
Mobile No.: |
91-9820707972 [Mr. Kirit] |
|
Fax No.: |
91-22-26269292 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Research Center: |
107, Building No. 1, Unico Industrial park, Off. National Highway,
Vasai (East), Mumbai-401208, Maharashtra, India |
|
|
|
|
Factory : |
Plot No. E-18, MIDC, Chicholi Industrial Area, Taluka – Mohol,
District Solapur – 413255, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Manish Mangilal Shah |
||||||||||||
|
Designation : |
Managing Director |
||||||||||||
|
Address : |
B-1, Blue Heaven, Opposite Meghalaya Flats, Naranpura, Ahmedabad-380013, Gujarat, India |
||||||||||||
|
Qualification: |
B. Com |
||||||||||||
|
Date of Appointment : |
19.01.2005 |
||||||||||||
|
PAN No.: |
ACJPS9795H |
||||||||||||
|
DIN No.: |
00036482 |
||||||||||||
|
Other Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Pushpak Mangilal Shah |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
B-1, Blue Heaven, Opposite Meghalaya Flats, Naran Pura, Ahmedabad -380013, Gujarat, India |
||||||||||||
|
Qualification: |
B. Com |
||||||||||||
|
Date of Appointment : |
19.01.2005 |
||||||||||||
|
PAN No.: |
ALEPS7666P |
||||||||||||
|
DIN No.: |
00036507 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Vikas Mangilal Shah |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
B-1, Blue Heaven, Opposite Meghalaya Flats, Naranpura, Ahmedabad-380013, Gujarat, India |
||||||||||||
|
Qualification: |
M. Sc Computer Applications and IT |
||||||||||||
|
Date of Appointment : |
19.01.2005 |
||||||||||||
|
PAN No.: |
AMJPS3803J |
||||||||||||
|
DIN No.: |
00036542 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Virendra Bherumal Mehta |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
B-2, Blue Heaven, Opposite Meghalaya Flats, Naranpura, Ahmedabad-380013, Gujarat, India |
||||||||||||
|
Qualification: |
B. Com |
||||||||||||
|
Date of Appointment : |
19.01.2005 |
||||||||||||
|
PAN No.: |
AACHV5202K |
||||||||||||
|
DIN No.: |
00036579 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Nitin Ganpati Kulkarni |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
204, Srishti Complex, Tara Tower, B Wing, Saki Vihar Road, Mumbai-400078, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
09.06.1971 |
||||||||||||
|
Qualification: |
B. Com |
||||||||||||
|
Date of Appointment : |
03.06.2010 |
||||||||||||
|
PAN No.: |
AJGPK0366G |
||||||||||||
|
DIN No.: |
03042587 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Nirav Virendrabhai Mehta |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
28, Netra Bungalows, Near Saurabh Society, Opposite Nilkanth – II, Drive-In-Road, Memnagar, Ahmedabad-380009, Gujarat, India |
||||||||||||
|
Date of Birth/Age : |
26.02.1992 |
||||||||||||
|
Date of Appointment : |
30.09.2010 |
||||||||||||
|
Qualification: |
B.Com |
||||||||||||
|
PAN No.: |
BDAPM9047B |
||||||||||||
|
DIN No.: |
03042627 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Vinod Sadanand Mulgaonkar |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
103-A-Wing, Mithila Apartment, J.B. Nagar, Andheri Kurla Road, Andheri (East), Mumbai-400059, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
31.08.1947 |
||||||||||||
|
Qualification: |
PHD |
||||||||||||
|
Date of Appointment : |
03.06.2010 |
||||||||||||
|
PAN No.: |
AAOPM7752M |
||||||||||||
|
DIN No.: |
03042723 |
||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
|
|
Manish M Shah |
|
16000 |
|
Vikas M Shah |
|
5452 |
|
Pushpak M Shah |
|
5748 |
|
Ocean Chemical |
|
5221 |
|
Oswal Chemical |
|
5 |
|
Nitin Kulkarni |
|
2114 |
|
Virendra M Mehta |
|
26430 |
|
Nirav Mehta |
|
1160 |
|
|
|
|
|
Total |
|
62130 |
AS ON 31.03.2017
|
Names of Allottee |
No. of Shares |
|
|
Nitin Kulkarni |
|
6460 |
|
|
|
|
|
Total |
|
6460 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
86.32 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
5.27 |
|
Public/Other than promoters- Others |
8.41 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is presently engaged in Manufacturing, Trading, Importing, Exporting and Manufacturing of Organic and Inorganic Chemical Compounds. [Registered activity and also confirmed by management] |
||||
|
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|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
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|
||||
|
Imports : |
|||||
|
Products : |
Raw Material |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|||||
|
Selling : |
Credit, Cheque and NEFT |
||||
|
|
|
||||
|
Purchasing : |
Credit, Cheque and NEFT |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
GBCA and Associates Chartered Accountants |
|
Address : |
Enefice Business House, 3rd Level, 126, Mathuradas Mills Compounds, NM Joshi Marg, Lower Parel (West), Mumbai- 400013, Maharashtra, India |
|
Tel. No.: |
91-22- 33213737 |
|
Fax No.: |
91-22- 33213838 |
|
E-Mail : |
|
|
Website: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFG6361J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68590 |
Equity Shares |
INR 10/- each |
INR 0.686 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 |
0.686 |
0.621 |
0.621 |
|
(b) Reserves &
Surplus |
413.561 |
321.582 |
223.327 |
|
(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) |
414.247 |
322.203 |
223.948 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
64.530 |
128.880 |
155.175 |
|
(b) Deferred tax
liabilities (Net) |
23.820 |
19.685 |
20.087 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
2.504 |
|
Total Non-current
Liabilities (3) |
88.350 |
148.565 |
177.766 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
302.420 |
363.860 |
429.741 |
|
(b) Trade payables |
466.083 |
370.011 |
285.898 |
|
(c) Other current
liabilities |
65.942 |
49.954 |
58.607 |
|
(d) Short-term provisions |
1.746 |
2.055 |
6.243 |
|
Total Current Liabilities
(4) |
836.191 |
785.880 |
780.489 |
|
|
|
|
|
|
TOTAL |
1338.788 |
1256.648 |
1182.203 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
281.967 |
269.743 |
256.378 |
|
(ii) Intangible Assets |
1.301 |
0.466 |
0.206 |
|
(iii) Capital
work-in-progress |
10.630 |
10.630 |
5.445 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
11.117 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
18.274 |
12.898 |
17.408 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
312.172 |
304.854 |
279.437 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
203.149 |
207.866 |
192.140 |
|
(c) Trade receivables |
764.189 |
687.475 |
641.811 |
|
(d) Cash and cash
equivalents |
38.357 |
22.980 |
16.047 |
|
(e) Short-term loans and
advances |
13.080 |
25.725 |
44.970 |
|
(f) Other current assets |
7.841 |
7.748 |
7.798 |
|
Total Current Assets |
1026.616 |
951.794 |
902.766 |
|
|
|
|
|
|
TOTAL |
1338.788 |
1256.648 |
1182.203 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
2983.186 |
2691.554 |
2880.753 |
|
|
|
|
Other Income |
38.463 |
12.397 |
18.034 |
|
|
|
|
TOTAL |
3021.649 |
2703.951 |
2898.787 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
418.939 |
420.500 |
416.910 |
|
|
|
|
Purchases of Stock-in-Trade |
1970.416 |
1765.638 |
1857.270 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
25.241 |
(41.165) |
60.466 |
|
|
|
|
Employees benefits expense |
157.424 |
101.998 |
96.107 |
|
|
|
|
CSR Expenditure |
3.174 |
2.214 |
6.270 |
|
|
|
|
Other expenses |
227.247 |
197.441 |
202.546 |
|
|
|
|
TOTAL |
2802.441 |
2446.626 |
2639.569 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
219.208 |
257.325 |
259.218 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
58.295 |
76.188 |
100.188 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
160.913 |
181.137 |
159.030 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
40.784 |
37.172 |
39.301 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
120.129 |
143.965 |
119.729 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
48.834 |
45.710 |
58.111 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
71.295 |
98.255 |
61.618 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
465.538 |
582.752 |
716.483 |
|
|
|
TOTAL EARNINGS |
465.538 |
582.752 |
716.483 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
1147.52 |
1581.43 |
991.76 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
20.239 |
19.892 |
21.813 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
297.930 |
288.078 |
197.741 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
93.50 |
93.23 |
81.32 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.90 |
3.92 |
4.49 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
71.20 |
61.78 |
45.89 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.08 |
1.24 |
1.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.75 |
0.92 |
0.99 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
|
|
|
|
|
0.67 |
0.73 |
0.79 |
|
Debt Equity Ratio (Total Liability / Networth) |
|
|
|
|
|
0.89 |
1.53 |
2.61 |
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
|
|
|
|
2.02 |
2.44 |
3.49 |
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
|
|
|
|
0.71 |
0.87 |
1.17 |
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
|
|
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.39 |
3.65 |
2.14 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.33 |
7.82 |
5.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
17.21 |
30.49 |
27.51 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.23 |
1.21 |
1.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.98 |
0.95 |
0.91 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.31 |
0.26 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
534.91 |
793.46 |
941.89 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.23 |
1.21 |
1.16 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts
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 |
0.621 |
0.621 |
0.686 |
|
Reserves & Surplus |
223.327 |
321.582 |
413.561 |
|
Net worth |
223.948 |
322.203 |
414.247 |
|
|
|
|
|
|
long-term borrowings |
155.175 |
128.880 |
64.530 |
|
Short term borrowings |
429.741 |
363.860 |
302.420 |
|
Current Maturities of
Long term debt |
21.813 |
19.892 |
20.239 |
|
Total borrowings |
606.729 |
512.632 |
387.189 |
|
Debt/Equity ratio |
2.709 |
1.591 |
0.935 |
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 |
2880.753 |
2691.554 |
2983.186 |
|
|
|
(6.568) |
10.835 |
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 |
2880.753 |
2691.554 |
2983.186 |
|
Profit |
61.618 |
98.255 |
71.295 |
|
|
2.14% |
3.65% |
2.39% |
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 |
Yes |
|
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: Registered office of
the company has been shifted from 6/C Saivishwakarma Darshan Shivaji Chowk
Koldongri Opposite Apna Bazar, Vile Parle (East), Mumbai – 400057, Maharashtra,
India to the present address w.e.f. 05.11.2010.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Deposits |
0.000 |
97.433 |
|
Loans repayable on demand |
63.200 |
0.000 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Deposits from others |
19.745 |
14.105 |
|
Deposits from directors |
55.236 |
35.055 |
|
Loans repayable on demand |
47.850 |
70.325 |
|
|
|
|
|
Total |
186.031 |
216.918 |
BACKGROUND
Subject was incorporated as a Private Limited Company on the 19th January 2005 vide CIN No. U24100MH2005PTC150735. The Company is presently engaged in Trading and Manufacturing of Chemicals. The Company's registered office and Principal place of business is situated at 205, Level 2, The Chamber, Western Express Service Road, Ville Parle (East), Mumbai - 400057.
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G11809068 |
10595671 |
Standard Chartered Bank |
23/09/2015 |
26/08/2016 |
- |
18000000.0 |
SME Credit, Crescenzo, 3A/F, Plot no. C-38 & 39G Block, Bandra Kurla Complex, Bandra EastMumbaiMH400051IN |
|
2 |
C36808467 |
10536322 |
Standard Chartered Bank |
17/11/2014 |
- |
- |
8460811.52 |
SME Credit, Crescenzo, 3A/F, Plot no. C-38 & 39G Block, Bandra Kurla Complex, Bandra EastMumbaiMH400051IN |
|
3 |
G55154827 |
10468610 |
Axis Bank Limited |
06/12/2013 |
21/08/2017 |
- |
240000000.0 |
Corporate Banking Branch, 12-Mittal TowerFirst Floor, A-Wing, Nariman PointMumbaiMH400021IN |
|
4 |
G31739915 |
10430791 |
Axis Bank Limited |
24/05/2013 |
05/12/2016 |
- |
305000000.0 |
CBB, 12, Mittal Tower, A - Wing1st Floor, Nariman PointMumbaiMH400021IN |
|
5 |
C42013771 |
10228758 |
Standard Chartered Bank |
29/06/2010 |
12/01/2015 |
- |
440000000.0 |
SME Credit, Crescenzo, 3A/F, Plot no. C-38 & 39G Block, Bandra Kurla Complex, Bandra EastMumbaiMH400051IN |
|
6 |
A91702498 |
10008811 |
CITIBANK N.A. |
23/06/2006 |
30/07/2007 |
13/08/2010 |
40000000.0 |
BANDRA KURLA COMPLEX,BANDRA EASTMUMBAIMH400051IN |
|
7 |
A91021295 |
10123892 |
ING VYSYA BANK LIMITED |
13/08/2008 |
- |
23/07/2010 |
35000000.0 |
103/104, A- WING, I FLOOR FLORAL DECK PLAZA,MIDC CENTRAL ROAD, ANDHERI (E)MUMBAIMH400093IN |
FIXED ASSETS:
- Land
- Buildings
- Office building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 65.45 |
|
|
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KJL |
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 |
YES |
|
--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.