|
|
|
MIRA INFORM REPORT
|
Report No. : |
504767 |
|
Report Date : |
19.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
CROWN CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
R-81/82, M.I.D.C., T.T.C. Industrial Area, Rabale, Navi
Mumbai – 400701, Maharashtra |
|
Tel. No.: |
91-22-27699157 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.08.1984 |
|
|
|
|
Com. Reg. No.: |
11-033855 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 6.625 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1984PTC033855 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0396064167 |
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|
|
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CST/ TIN No.: |
27050023928 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCC1119N |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCC1119N1ZQ |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
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|
|
No. of Employees
: |
5 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1984 and it is engaged in
manufacturing of fragrance ingredients and intermediates. As per financials of March 2017, the company has registered a growth
of 14.76% in its revenue as compared to its previous year’s revenue and has
reported good profit margin of 13.24% under review. Rating takes into consideration the company’s established track record
of business dealings marked by sound networth bse along with low solvency
indicators and good liquidity position. Further, the company has reported a good earnings per share of INR 477.87
against its face value of INR 10. Payments seems to be regular. 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.
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 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
|
Name : |
Mr. Vijay Raul |
|
Designation : |
Manager |
|
Contact No.: |
91-9423010766 |
|
Date : |
18.04.2018 |
LOCATIONS
|
Registered Office : |
R-81/82, M.I.D.C., T.T.C. Industrial Area, Rabale, Navi
Mumbai – 400701, Maharashtra, India |
|
Tel. No.: |
91-22-276991578/ 39145000 |
|
Mobile No.: |
91-9423010766 (Mr. Vijay Raul) |
|
Fax No.: |
91-22-27697447 |
|
E-Mail : |
pmenacherry@anthea-aromatics.com
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office
: |
502/503, 5th Floor, Sigma IT Park, Rabale MIDC, Boisar, Navi Mumbai -
700701, Maharashtra, India |
|
|
|
|
Works : |
E-87, E-88/1 and E-88/2, Tarapur MIDC, Boisar, Thane – 401506,
Maharashtra, India |
|
Tel. No.: |
91-2525-645953 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mathew Menacherry |
|
Designation : |
Director |
|
Address : |
605/606, Lake Lucerne, Lake Homes, Off A.S. Marg, Near
Gopal Sharma School, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Birth/Age : |
03.05.1971 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00340905 |
|
|
|
|
Name : |
Paul Vincent Menacherry |
|
Designation : |
Director |
|
Address : |
1020/1021, E Wing, Maple Leaf, Raheja Vihar, Powai,, Mumbai - 400072,
Maharashtra, India |
|
Date of Birth/Age : |
07.11.1969 |
|
Date of Appointment : |
05.01.2008 |
|
DIN No.: |
00341014 |
|
|
|
|
Name : |
Vincent Paul |
|
Designation : |
Director |
|
Address : |
815-D, Paradise, Raheja Vihar, Chandivli Farm Road, Powai,, Mumbai -
400072, Maharashtra, India |
|
Date of Birth/Age : |
19.07.1936 |
|
Date of Appointment : |
05.01.2008 |
|
DIN No.: |
01504977 |
|
|
|
|
Name : |
Eric Moussu |
|
Designation : |
Director |
|
Address : |
80 Allee Des Bruyeres, Onesse Et Laharie, 40110, France |
|
Date of Birth/Age : |
03.12.1966 |
|
Date of Appointment : |
12.09.2013 |
|
DIN No.: |
02702985 |
|
|
|
|
Name : |
Bertrand Francois Boulin |
|
Designation : |
Director |
|
Address : |
485 Route De Lehitte, Sort En Chalosse, 40180, France |
|
Date of Birth/Age : |
31.03.1972 |
|
Date of Appointment : |
12.09.2013 |
|
DIN No.: |
02703405 |
|
|
|
|
Name : |
Laurent Jean Andre Labatut |
|
Designation : |
Director |
|
Address : |
323 Avenue Jean Rieux, Toulouse, 31500, France |
|
Date of Birth/Age : |
18.04.1972 |
|
Date of Appointment : |
11.05.2011 |
|
DIN No.: |
02703468 |
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|
|
|
Name : |
Juzer Mansoor Calcuttawala |
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Designation : |
26/04/2016 |
|
Address : |
B-8/9, Matcheswala Compound, Station Road, Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
Date of Appointment : |
26.04.2016 |
|
DIN No.: |
02703722 |
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|
|
|
Name : |
Jerome Rene Jean Montoya |
|
Designation : |
Director |
|
Address : |
9, Rue Du Tuqueou,40990, St. Paul Les Dax, France, 40990, France |
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Date of Birth/Age : |
08.10.1967 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
06721996 |
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|
|
|
Name : |
Job Varvghese Philip |
|
Designation : |
Nominee Director |
|
Address : |
1803, Pheonix Towers, 18th Floor, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Date of Appointment : |
26.07.2016 |
|
DIN No.: |
07551002 |
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|
|
|
Name : |
Atin Surendra Mehta |
|
Designation : |
Nominee Director |
|
Address : |
Ground Floor, Kaustubh Tilak Road, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Date of Appointment : |
30.03.2018 |
|
DIN No.: |
08056014 |
|
|
|
|
Name : |
Laurent Lucien Albert Villain |
|
Designation : |
Nominee Director |
|
Address : |
28C Rue Bouhebrume Saint Vincent De Tyrosse 40230 FR |
|
Date of Appointment : |
01.03.2018 |
|
DIN No.: |
08068954 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Raul |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Anthea Aromatics Private Limited |
30000 |
45.28 |
|
Les Derives Resiniques Et Terpeniques |
30000 |
45.28 |
|
DRT-Anthea Aroma Chemicals Private Limited |
6250 |
9.44 |
|
Total |
66250 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 22.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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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 : |
Finished Goods |
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Countries : |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Advance Payment and Credit, Others (RTGS) |
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Purchasing : |
Advance Payment and Credit, Others (RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturers and Others
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No. of Employees : |
5 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
Indiabulls Finance Centre, Tower 3, 27th - 32nd, Floor, Senapati Bapat
Marg, Elphinstone Road (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-61854000 |
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Fax No.: |
91-22-61854001 |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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Other Related Parties : |
|
CAPITAL STRUCTURE
As on 22.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70000 |
Equity Shares |
INR 100/- each |
INR 7.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
66250 |
Equity Shares |
INR 100/- each |
INR 6.625
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
6.625 |
6.625 |
6.625 |
|
(b) Reserves & Surplus |
254.989 |
223.331 |
214.899 |
|
(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) |
261.614 |
229.956 |
221.524 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
4.225 |
5.217 |
1.321 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
1.918 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
6.143 |
5.217 |
1.321 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
20.588 |
31.705 |
34.067 |
|
(b) Trade
payables |
29.705 |
15.550 |
21.031 |
|
(c) Other
current liabilities |
0.944 |
0.707 |
4.546 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
51.237 |
47.962 |
59.644 |
|
|
|
|
|
|
TOTAL |
318.994 |
283.135 |
282.489 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
96.896 |
104.336 |
77.326 |
|
(ii)
Intangible Assets |
0.482 |
2.154 |
3.141 |
|
(iii)
Capital work-in-progress |
6.021 |
1.080 |
28.722 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
20.746 |
16.963 |
12.052 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
124.170 |
124.558 |
121.266 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
44.842 |
42.114 |
37.827 |
|
(c) Trade
receivables |
71.836 |
59.523 |
81.099 |
|
(d) Cash and
cash equivalents |
66.215 |
33.400 |
14.024 |
|
(e)
Short-term loans and advances |
11.931 |
23.540 |
28.273 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
194.824 |
158.577 |
161.223 |
|
|
|
|
|
|
TOTAL |
318.994 |
283.135 |
282.489 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
239.153 |
208.391 |
189.383 |
|
|
Other Income |
8.163 |
5.941 |
11.245 |
|
|
TOTAL |
247.316 |
214.332 |
200.628 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
96.933 |
96.658 |
92.962 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Manufacturing Expenses |
0.000 |
0.000 |
32.096 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(3.876) |
(2.954) |
6.092 |
|
|
Manpower Cost |
38.661 |
31.091 |
26.870 |
|
|
Other expenses |
72.717 |
62.521 |
19.746 |
|
|
TOTAL |
204.435 |
187.316 |
177.766 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
42.881 |
27.016 |
22.862 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.782 |
2.659 |
11.003 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
41.099 |
24.357 |
11.859 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.395 |
9.786 |
6.046 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
30.704 |
14.571 |
5.813 |
|
|
|
|
|
|
|
Less |
TAX |
(0.955) |
6.139 |
0.479 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
31.659 |
8.432 |
5.334 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
143.549 |
149.503 |
118.611 |
|
|
TOTAL EARNINGS |
143.549 |
149.503 |
118.611 |
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORTS |
2.413 |
1.782 |
16.922 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
478.00 |
127.00 |
80.52 |
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 |
58.474 |
34.082 |
0.415 |
|
Net cash flow from operating activity |
49.189 |
31.215 |
(0.915) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
109.64 |
104.26 |
156.30 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
3.33 |
3.50 |
2.34 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
111.85 |
58.72 |
82.57 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.96 |
0.64 |
0.60 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.41 |
0.25 |
0.21 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.16 |
0.17 |
0.21 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.08 |
0.14 |
0.15 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.20 |
0.21 |
0.27 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.40 |
0.47 |
0.49 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
24.06 |
10.16 |
2.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
13.24 |
4.05 |
2.82 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.92 |
2.98 |
1.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.10 |
3.67 |
2.41 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.80 |
3.31 |
2.70 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.93 |
2.43 |
2.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.82 |
0.81 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.11 |
4.79 |
5.14 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.80 |
3.31 |
2.70 |
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 |
6.625 |
6.625 |
6.625 |
|
Reserves & Surplus |
214.899 |
223.331 |
254.989 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
221.524 |
229.956 |
261.614 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
34.067 |
31.705 |
20.588 |
|
Total borrowings |
34.067 |
31.705 |
20.588 |
|
Debt/Equity ratio |
0.154 |
0.138 |
0.079 |
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 |
189.383 |
208.391 |
239.153 |
|
|
|
10.037 |
14.762 |
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 |
189.383 |
208.391 |
239.153 |
|
Profit/(Loss) |
5.334 |
8.432 |
31.659 |
|
|
2.82% |
4.05% |
13.24% |
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 |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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: The registered office of the company has been shifted from 104, Pravint Apartments, Sunder Nagar, Kalina, Mumbai – 400098, Maharashtra, India to the present address w.e.f. 19.03.2009
GENERAL
INFORMATION
The company is engaged in the business of manufacturing range of
Fragrance ingredients and intermediates. The company has manufacturing facility
located at Tarapur MIDC, Boisar, Maharashtra. The company is a joint venture
between Anthea Aromatics Private Limited, Les Derives Resiniques Et
Terpeniques, France and DRT-Anthea Aroma Chemicals Private Limited.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS
Details of
business operations done during the year :
- Production and Profitability : INR
31.659 Million
- Sales : INR 239.153 Million
- Marketing and Market Environment – The
Company is facing challenge in general economic and competitive scenarios.
- Future prospect including constraints
affecting due to Government policies – To take adequate steps to increase
the customer base and look for alternative strategies so as to be ready to
capture the revival in industry.
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
B86217320 |
10452061 |
The Federal Bank Ltd |
13/08/2013 |
- |
- |
1000000.0 |
Vashi Branch 51, Apsara Apartment,Sector 17, Vashi,Navi MumbaiMH400705IN |
|
2 |
B86208410 |
10452037 |
The Federal Bank Ltd |
13/08/2013 |
- |
- |
35000000.0 |
Vashi Branch 51, Apsara Apartment,Sector 17, Vashi,Navi MumbaiMH400705IN |
|
3 |
B86541653 |
10452770 |
The Federal Bank Ltd |
13/08/2013 |
- |
- |
10000000.0 |
Vashi Branch 51, Apsara Apartment,Sector 17, Vashi,Navi MumbaiMH400705IN |
|
4 |
C53608279 |
10354595 |
The Federal Bank Ltd |
19/03/2012 |
30/03/2015 |
- |
50000000.0 |
Vashi Branch 51, Apsara Apartment,Sector 17, Vashi,Navi MumbaiMH400705IN |
|
5 |
B86541299 |
10101705 |
The Federal Bank Ltd |
27/03/2008 |
13/08/2013 |
- |
20000000.0 |
Vashi Branch 51, Apsara Apartment,Sector 17, Vashi,Navi MumbaiMH400705IN |
|
6 |
A38137642 |
10101713 |
THE FEDERAL BANK LTD |
27/03/2008 |
- |
- |
5000000.0 |
51, APARTMENTS, SECTOR 17,VASHINAVI MUMBAIMH400705IN |
|
7 |
A38127064 |
10101706 |
THE FEDERAL BANK LTD |
27/03/2008 |
- |
- |
5000000.0 |
51, APARTMENTS, SECTOR 17,VASHINAVI MUMBAIMH400705IN |
|
8 |
Y10350099 |
90242462 |
THE FEDERAL BANK LTD |
14/10/2003 |
04/03/2005 |
- |
3000000.0 |
LARAM CENTRE SV ROAD ANDHERI WESTMUMBAIMH400058IN |
|
9 |
A83120436 |
90223478 |
THE FEDERAL BANK LIMITED |
14/10/2003 |
23/03/2010 |
- |
75000000.0 |
Vashi Branch, 51 Apsara Apartments, Sector 17Vashi,Navi MumbaiMH400705IN |
|
10 |
Y10326108 |
90223317 |
THE SARASWAT CO-OP. BANK LTD. |
19/01/2002 |
- |
- |
300000.0 |
PALGHAT BRANCH; ALCO ARCODEVACHES ROADTHANEMHIN |
|
11 |
Y10326080 |
90223289 |
THE SARASWAT CO-OP. BANK LTD. |
25/09/2001 |
- |
- |
900000.0 |
PALGHAT BRANCH; ALCO ARCODEVACHES ROADTHANEMHIN |
|
12 |
Y10325757 |
90222966 |
THE SARASWAT CO-OP. BANK LTD. |
18/12/1998 |
- |
- |
1000000.0 |
PALGHAT BRANCH; ALCO ARCODEVACHES ROADTHANEMHIN |
|
13 |
Y10325750 |
90222959 |
THE SARASWAT CO-OP. BANK LTD. |
26/11/1998 |
- |
- |
560000.0 |
PALGHAT BRANCH; ALCO ARCODEVACHES ROADTHANEMHIN |
|
14 |
Y10325746 |
90222955 |
THE SARASWAT CO-OP. BANK LTD. |
03/11/1998 |
- |
- |
2000000.0 |
PALGHAT BRANCH; ALCO ARCODEVACHES ROADTHANEMHIN |
|
15 |
Y10323991 |
90221200 |
CANARA BANK |
15/07/1985 |
- |
- |
300000.0 |
NAIGAOMBOMBAYMH400014IN |
|
16 |
Y10323941 |
90221150 |
CANARA BANK |
09/11/1984 |
- |
- |
158300.0 |
NAIGAUMBOMBAYMH400014IN |
|
17 |
Y10323940 |
90221149 |
CANARA BANK |
07/11/1984 |
09/11/1984 |
- |
964000.0 |
NAIGAUMBOMBAYMH400014IN |
|
18 |
G04205407 |
10212604 |
THE FEDERAL BANK LIMITED |
23/03/2010 |
- |
27/04/2016 |
50000000.0 |
Vashi Branch, 51 Apsara Apartments, Sector 17Vashi,Navi MumbaiMH400705IN |
FIXED ASSETS
Tangible Asset
- Leasehold Land
- Factory Building
- Plant and Machinery
- Furniture and Fixtures
- Vehicles
Intangible Assets
- Common Effluent Treatment
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 : |
RBY |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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.