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|
|
MIRA INFORM REPORT
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Report No. : |
504256 |
|
Report Date : |
19.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
CALIBRE CHEMICALS PRIVATE LIMITED (w.e.f. 23.09.1997) |
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|
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Formerly Known
As : |
H. T. BHAVANI CHEMICALS PRIVATE LIMITED |
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|
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Registered
Office : |
703, Dalamal
House, 206, Nariman Point, Mumbai – 400021, Maharashtra |
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Tel. No.: |
91-22-22823148 |
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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 : |
20.10.1983 |
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Com. Reg. No.: |
11-031128 |
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|
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Capital
Investment / Paid-up Capital : |
INR 99.816 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1983PTC031128 |
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|
IEC No.: [Import-Export
Code No.] |
0388099917 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACC1952G1ZX |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAACC1952G |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
96 (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 290000 |
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|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Caliber Chemicals Private Limited is engaged in manufacturing of chemicals. The company was incorporated in the year 1983 and is based in Mumbai, Maharashtra. It is an established company having good track record. For the financial year ended 2017, the company has witnessed a growth in its revenue and has achieved good profit margin at 9.46% (approx.). The company sound financial profile is reflected by strong net worth base along with debt free balance sheet and favorable gap between trade payables to its trade receivables. The company also derives strength form its long established track record of business operation. Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payment terms are seems to be regular and as per commitment. In view of promoter’s resourcefulness and sound financial base, 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 |
CRISIL |
|
Rating |
Long term rating: A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
22.11.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
22.11.2017 |
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 19.04.2018
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. A Rao |
|
Designation : |
Senior Manager - Finance Admin |
|
Contact No.: |
91-9820050285 |
|
Date : |
18.04.2018 |
LOCATIONS
|
Registered Office : |
703, Dalamal
House, 206, Nariman Point, Mumbai – 400 021, Maharashtra, India |
|
Tel. No.: |
91-22-22823148 /
22844335 / 22871797 |
|
Mobile No.: |
91-9820050285
(Mr. A. Rao) |
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Fax No.: |
91-22-22832087 |
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E-Mail : |
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|
Website : |
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Area : |
2200 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
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|
|
|
Factory : |
901-907, 1002 and 1006, GIDC Sarigam, Umbergaon Taluka, District
Valsad – 396155, |
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Tel. No.: |
91-260-2780116 |
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Fax No.: |
91-260-2781336 |
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Area : |
22000 sq. ft. |
|
Location : |
Leased |
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|
|
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Wind Farm
Turbines : |
Locations 5 and 6, Survey Number 384, |
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Area : |
2 acres |
|
Location : |
Leased |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ranjit
Hiranand Bhavnani |
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Designation : |
Managing Director |
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Address : |
3, |
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Date of Birth/Age : |
02.11.1951 |
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Qualification : |
B. Tech (I.I.T. Powai), M.TECH (cornell USA), M.B.A (M.I.T., USA) |
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Date of Appointment : |
20.10.1983 |
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PAN No.: |
AAAHR0797R |
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DIN No.: |
00004417 |
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Other Directorship:
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Name : |
Mrs. Mala Ranjit
Bhavnani |
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Designation : |
Director |
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Address : |
3, |
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Date of Birth/Age : |
02.11.1954 |
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Qualification : |
B. Sc., Graduate |
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Date of Appointment : |
20.10.1985 |
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PAN No.: |
AAFPB1108B |
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DIN No.: |
00004419 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Dhanesh
Choith Bhagia |
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Designation : |
Executive
Director |
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Address : |
C-403, Ganga
Estate, |
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Date of Birth/Age : |
08.12.1953 |
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Qualification : |
B. Tech-Chemical Engineer from IIT, Mumbai. |
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Experience : |
25 Years |
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Date of Appointment : |
20.03.1991 |
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PAN No.: |
AAFPB1419D |
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DIN No.: |
00005472 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Amit Bhagawat Dolas |
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Designation : |
Company Secretary |
|
Address : |
3132/43, Ground Floor, Abhyuday Nagar, Kalachowki, Mumbai-400033, Maharashtra, India |
|
Date of Birth/Age : |
21.08.1982 |
|
Date of Appointment : |
01.03.2016 |
|
PAN No.: |
AJJPD4523B |
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|
|
|
Name : |
Mr. A Rao |
|
Designation : |
Senior Manager - Finance Admin |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
%age |
|
Ranjit H. Bhavnani |
578255 |
57.93 |
|
Mala R Bhavnani |
232900 |
23.33 |
|
Rikhil R Bhavnani |
93500 |
9.37 |
|
Trivik R Bhavnani |
93500 |
9.37 |
|
Total |
998155 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 14.07.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
81.26 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
9.37 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Non-resident Indian (NRI) |
9.37 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
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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 : |
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Products : |
Persulphates and Iodine Derivatnes |
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Countries : |
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Imports : |
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Products : |
Raw materials |
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Countries : |
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Terms : |
|||||
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Selling : |
Advance Payment, L/C, Cheque and Others (NEFT / RTGS) (30,60,90 Days) |
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Purchasing : |
Advance Payment, L/C, Cheque and Others (NEFT / RTGS) (30,60,90 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
96 (Approximately) |
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Bankers : |
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Auditors : |
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|
Name : |
Deloitte Haskins
and Sells Chartered
Accountants |
|
Address : |
Heritage, 3rd Floor, Near Gujarat Vidhyapith, Off Ashram Road, Ahmedabad, 380 014, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFD7919A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company: |
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|
|
|
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 |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 100/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
998155 |
Equity Shares |
INR 100/- each |
INR 99.816 Million |
|
|
|
|
|
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 |
99.816 |
99.816 |
99.816 |
|
(b) Reserves and Surplus |
861.257 |
807.197 |
810.989 |
|
(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) |
961.073 |
907.013 |
910.805 |
|
|
|
|
|
|
(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 |
11.314 |
10.009 |
16.133 |
|
Total Non-current
Liabilities (3) |
11.314 |
10.009 |
16.133 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.120 |
|
(b) Trade
payables |
422.161 |
326.296 |
373.117 |
|
(c) Other
current liabilities |
15.928 |
5.086 |
10.045 |
|
(d) Short-term
provisions |
5.283 |
5.586 |
48.600 |
|
Total Current
Liabilities (4) |
443.372 |
336.968 |
431.882 |
|
|
|
|
|
|
TOTAL |
1415.759 |
1253.990 |
1358.820 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
124.346 |
134.884 |
140.579 |
|
(ii)
Intangible Assets |
0.542 |
0.789 |
0.818 |
|
(iii) Tangible assets
capital work-in-progress |
4.851 |
0.805 |
3.528 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.059 |
1.059 |
1.059 |
|
(c) Deferred tax assets (net) |
4.055 |
1.095 |
2.255 |
|
(d)
Long-term loans and advances |
29.168 |
26.468 |
35.498 |
|
(e) Other
Non-current assets |
0.000 |
1.561 |
0.631 |
|
Total Non-Current
Assets |
164.021 |
166.661 |
184.368 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
295.738 |
0.000 |
0.000 |
|
(b)
Inventories |
292.272 |
338.104 |
397.377 |
|
(c) Trade
receivables |
509.975 |
524.352 |
487.371 |
|
(d) Cash and
bank balances |
99.266 |
162.065 |
182.633 |
|
(e)
Short-term loans and advances |
40.475 |
42.315 |
83.666 |
|
(f) Other
current assets |
14.012 |
20.493 |
23.405 |
|
Total
Current Assets |
1251.738 |
1087.329 |
1174.452 |
|
|
|
|
|
|
TOTAL |
1415.759 |
1253.990 |
1358.820 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2466.141 |
2253.022 |
2720.094 |
|
|
Other Income |
54.428 |
59.984 |
39.194 |
|
|
TOTAL |
2520.569 |
2313.006 |
2759.288 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1771.574 |
1606.037 |
2144.767 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(15.570) |
130.445 |
13.377 |
|
|
Employee benefit expense |
97.643 |
90.424 |
84.158 |
|
|
CSR expenditure |
2.232 |
0.417 |
0.000 |
|
|
Other expenses |
297.901 |
221.720 |
267.539 |
|
|
TOTAL |
2153.780 |
2049.043 |
2509.841 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
366.789 |
263.963 |
249.447 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.625 |
2.946 |
5.157 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
365.164 |
261.017 |
244.290 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
20.630 |
22.999 |
26.055 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
344.534 |
238.018 |
218.235 |
|
|
|
|
|
|
|
Less |
TAX |
111.181 |
76.160 |
69.510 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
233.353 |
161.858 |
148.725 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
731.200 |
750.000 |
915.600 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Interim Dividends: On Equity
Shares |
149.700 |
139.700 |
209.600 |
|
|
Proposed Dividend: On Equity Shares |
0.000 |
0.000 |
39.900 |
|
|
Dividend Distribution Tax |
29.500 |
25.900 |
49.900 |
|
|
Transfer to General Reserve |
15.000 |
15.000 |
14.800 |
|
|
Balance
Carried to the B/S |
770.300 |
731.200 |
750.000 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1596.429 |
1374.747 |
1672.564 |
|
|
TOTAL EARNINGS |
1596.429 |
1374.747 |
1672.564 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1592.316 |
1561.374 |
1977.389 |
|
|
TOTAL IMPORTS |
1592.316 |
1561.374 |
1977.389 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
233.78 |
162.16 |
149.00 |
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 |
528.770 |
255.372 |
530.456 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
414.065 |
186.708 |
465.414 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
75.48 |
84.95 |
65.40 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.84 |
4.30 |
5.58 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
86.98 |
74.16 |
63.50 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.25 |
0.78 |
0.63 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.83 |
1.93 |
1.72 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.31 |
0.27 |
0.32 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.46 |
0.37 |
0.47 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.13 |
0.15 |
0.16 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
225.72 |
89.60 |
48.37 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
9.46 |
7.18 |
5.47 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
16.48 |
12.91 |
10.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
24.28 |
17.85 |
16.33 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.82 |
3.23 |
2.72 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.16 |
2.22 |
1.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.68 |
0.72 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.82 |
3.23 |
2.72 |
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 |
99.816 |
99.816 |
99.816 |
|
Reserves & Surplus |
810.989 |
807.197 |
861.257 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
910.805 |
907.013 |
961.073 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.120 |
0.000 |
0.000 |
|
Total
borrowings |
0.120 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
2720.094 |
2253.022 |
2466.141 |
|
|
|
(17.171) |
9.459 |
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 |
2720.094 |
2253.022 |
2466.141 |
|
Profit/ (Loss) |
148.725 |
161.858 |
233.353 |
|
|
5.47
% |
7.18
% |
9.46
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
99.816 |
99.816 |
|
(b) Reserves and Surplus |
|
863.368 |
813.436 |
|
(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) |
|
963.184 |
913.252 |
|
|
|
|
|
|
(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 |
|
11.314 |
10.009 |
|
Total Non-current
Liabilities (3) |
|
11.314 |
10.009 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
435.152 |
379.632 |
|
(c) Other
current liabilities |
|
15.928 |
5.086 |
|
(d) Short-term
provisions |
|
5.567 |
6.214 |
|
Total Current
Liabilities (4) |
|
456.647 |
390.932 |
|
|
|
|
|
|
TOTAL |
|
1431.145 |
1314.193 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
124.346 |
134.884 |
|
(ii)
Intangible Assets |
|
0.542 |
0.789 |
|
(iii) Tangible assets
capital work-in-progress |
|
4.851 |
0.805 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
4.055 |
1.095 |
|
(d)
Long-term loans and advances |
|
29.168 |
26.468 |
|
(e) Other
Non-current assets |
|
0.000 |
1.561 |
|
Total Non-Current
Assets |
|
162.962 |
165.602 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
295.738 |
0.000 |
|
(b)
Inventories |
|
292.272 |
338.103 |
|
(c) Trade
receivables |
|
515.516 |
578.199 |
|
(d) Cash and
bank balances |
|
110.170 |
169.400 |
|
(e)
Short-term loans and advances |
|
40.475 |
42.315 |
|
(f) Other
current assets |
|
14.012 |
20.574 |
|
Total
Current Assets |
|
1268.183 |
1148.591 |
|
|
|
|
|
|
TOTAL |
|
1431.145 |
1314.193 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
2601.162 |
2458.697 |
|
|
Other Income |
|
50.024 |
52.197 |
|
|
TOTAL |
|
2651.186 |
2510.894 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1771.574 |
1606.037 |
|
|
Purchases of
Stock-in-Trade |
|
133.705 |
204.864 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(15.570) |
130.445 |
|
|
Employee benefit expense |
|
97.643 |
90.424 |
|
|
CSR expenditure |
|
2.232 |
0.417 |
|
|
Other expenses |
|
298.629 |
222.788 |
|
|
TOTAL |
|
2288.213 |
2254.975 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
362.973 |
255.919 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
1.625 |
2.946 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
361.348 |
252.973 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
20.630 |
22.999 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
340.718 |
229.974 |
|
|
|
|
|
|
|
Less |
TAX |
|
111.483 |
76.762 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
229.235 |
153.212 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
229.66 |
153.50 |
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF OPERATIONS
Business
strategies put in place in the face of declining commodity prices over the past
continue to pay off. Profit after tax increased by 44% as against9 % increase
in Revenues. The Company's market segments are diversified and stagnating
industrials have been offset by the buoyant feed, food and cosmetics segments.
In the coming year industrials too are likely to pick up. Exports continue to
dominate with over 55% contribution to total revenues of the Company.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C60968922 |
10211664 |
STATE BANK OF
INDIA |
19/02/2010 |
02/12/2014 |
- |
479000000.0 |
COMMERCIAL BRANCHES(ADVANCES),
N. G. N VAIDYA MARGBANK STREET, HORNIMAN CIRCLE, P.B NO. 10141,
FORTMUMBAIMH400023IN |
|
2 |
B97886766 |
90242701 |
CITI BANK N.A. |
04/05/2005 |
07/01/2014 |
- |
435000000.0 |
TRENT HOUSE, 2ND FLOOR,
G BLOCK, PLOT NO. C60BANDRA KURLA COMPLEX, BANDRA EASTMUMBAIMH400051IN |
|
3 |
B43135565 |
90241239 |
CITIBANK N. A. |
27/11/2004 |
27/06/2012 |
- |
435000000.0 |
TRENT HOUSE, 2ND FLOOR,
G BLOCK, PLOT NO.C60BANDRA KURLA COMPLEX, BANDRA (E)MUMBAIMH400051IN |
|
4 |
B57356214 |
90241703 |
SBI COMMRCIAL AND
INTERNATIONAL BANK LTD. |
27/12/2005 |
- |
11/09/2012 |
50000000.0 |
MAKER CHAMBER 111;
NARIMON POINTMUMBAIMH400021IN |
|
5 |
B45187515 |
10118173 |
CITIBANK N.A. |
13/07/2008 |
- |
06/08/2012 |
35000000.0 |
BANDRA KURLA
COMPLEX,BANDRA (EAST)MUMBAIMH400051IN |
|
6 |
B45186418 |
10029182 |
CITI BANK N.A. |
31/10/2006 |
- |
01/08/2012 |
17500000.0 |
CITIGROUP CENTRE, C-61BANDRA
KURLA COMPLEX, BANDRA (EAST)MUMBAIMH400051IN |
|
7 |
B45188539 |
10087962 |
CITIBANK N. A. |
11/02/2008 |
- |
01/08/2012 |
20000000.0 |
CITIBUSINESS
CITIGROUP CENTRE, 2ND FLOORBANDRA KURLA COMPLEX, BANDRA EMUMBAIMH400051IN |
|
8 |
Y10264423 |
90163176 |
SBI COMMERCIAL
& INTERNATIONAL BANK LTD. |
17/06/1995 |
27/03/1996 |
22/02/2005 |
17000000.0 |
MAKER CHAMBERS
IIINARIMAN POINTMUMBAIMH400021IN |
|
9 |
Y10263034 |
90161787 |
STATE BANK OF
INDIA |
10/07/1984 |
- |
01/11/2004 |
200000.0 |
BLILAL INDU. ESTATEBULSARGUJRATGJ396010IN |
|
10 |
Y10263019 |
90161772 |
GUJARAT STATE
FINANCIAL CORPORATION |
20/03/1984 |
- |
30/09/2004 |
2040000.0 |
JAL DARSHAN
BULD.ASHRAM ROADAHMEDABADGJ380009IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
2.648 |
2.648 |
|
Total |
2.648 |
2.648 |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Bridges roads ports culverts
Intangible assets
- 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 65.68 |
|
|
1 |
INR 93.98 |
|
Euro |
1 |
INR 81.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
SRY |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.