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|
MIRA INFORM REPORT
|
Report No. : |
504871 |
|
Report Date : |
19.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
FRATELLI WINES PRIVATE LIMITED (w.e.f. 26.08.2008) |
|
|
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Formerly Known
As : |
RENYARD WINES PRIVATE LIMITED |
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Registered
Office : |
A-35, Brij Greens, Satbari Chattarpur, New Delhi – 110074 |
|
Tel. No.: |
91-11-26592900/26592913 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
17.09.2007 |
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|
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Com. Reg. No.: |
55-168258 |
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Capital
Investment / Paid-up Capital : |
INR 102.616 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U15511DL2007PTC168258 |
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|
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|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
07AABCF2756L1ZG |
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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.] |
AABCF2756L |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is
engaged in manufacturing and trading of wines with European technological
expertise for all stages of production, from fermentation to bottling. [Registered Activity] |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2007 and it is having
satisfactory track. For the financial year 2017, the company has increased its revenue
from operations and maintained minimal profitability margin of 0.54%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and low debt balance sheet. Further, rating also reflects company’s experience promoters in the
processing and trading of premium wines in the domestic market and
improvement in the revenue profile during the year. However, rating strength is partially offset by low profitability
margin and intense competition from industry. Trade relations are reported as fair. Business is active. Payments terms
are reported to be slow but correct. In view of the 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 |
India Ratings |
|
Rating |
Fund based working capital limits: BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
04.10.2017 |
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 DENIED BY
|
Name : |
Ms. Nidhi Arora |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-11-26592900/26592913 |
|
Date : |
18.04.2018 |
LOCATIONS
|
Registered Office : |
A-35, Brij Greens, Satbari Chattarpur, New Delhi – 110074, India |
|
Tel. No.: |
91-11-26592900/26592913 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
18, South Drive Way, DLF Farms, Chhatarpur, New Delhi -
110074 |
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Tel. No.: |
91-11-26592900 |
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|
|
|
Mumbai Office : |
702, Crystal Paradise, Off.Veera Desai Road, Above Pizza
Express, Andheri (West), Mumbai-400 053 Maharashtra. (India) |
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|
|
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Bangalore Office: |
#5, First Floor, ST Johns Church Road, Cleveland Town, Bangalore –
560005, Karnataka, India |
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Winery &
Vineyard: |
Gat No. 131, Zanjewadi Taluka: Malshiras, District Solapur
- 413 107 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Mayank Singhal |
|
Designation : |
Director |
|
Address : |
Singhal Farm House Near Airforce Station, Rajokri, New Delhi - 110038,
India |
|
Date of Appointment : |
07.07.2017 |
|
DIN No.: |
00006651 |
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|
|
|
Name : |
Mr. Gaurav Sekhri |
|
Designation : |
Director |
|
Address : |
Chin Min Farm 448-451, Satbari, Mehrauli, New Delhi 110030, India |
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Date of Birth/Age : |
02.12.1972 |
|
Date of Appointment : |
25.08.2012 |
|
DIN No.: |
00090676 |
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|
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|
Name : |
Mr. Kapil Sekhri |
|
Designation : |
Managing Director |
|
Address : |
Chin Min Farm Village Satbari, P.O Mehrauli New Delhi 110030, India |
|
Date of Birth/Age : |
12.29.1974 |
|
Date of Appointment : |
16.07.2012 |
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DIN No.: |
00090771 |
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|
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|
Name : |
Mr. Sanjay Banati |
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Designation : |
Director |
|
Address : |
BC-1F, DDA Flats, Munirka Delhi – 110067, India |
|
Date of Appointment : |
06.08.2016 |
|
DIN No.: |
00837211 |
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|
|
|
Name : |
Alessio Secci |
|
Designation : |
Director |
|
Address : |
Strada Delle Lame 6a Tavarmelle VP 50028 It |
|
Date of Appointment : |
26.04.2013 |
|
DIN No.: |
03291953 |
KEY EXECUTIVES
|
Name : |
Ms. Nidhi Arora |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 155, Geeta Apartments, Geeta Colony, Delhi - 110031, India |
|
Date of Appointment : |
13.06.2017 |
|
PAN No.: |
ALMPC7164Q |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 07.07.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
18.49 |
|
Promoters- Foreign national (other than NRI) |
16.16 |
|
Promoters- Body corporate |
49.43 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
15.92 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in Manufacturing and trading of wines with European technological
expertise for all stages of production, from fermentation to bottling. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Wine |
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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 denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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|
Name : |
S S Kothari Mehta and Company Chartered Accountants |
|
Address : |
146-148, Tribhuvan Complex, Ishwar Nagar, Mathura Road, New Delhi-110065, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFS6730L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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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
AFTER 07.07.2017
Authorised Capital: INR 240.000 Million
Issued, Subscribed & Paid-up Capital: INR 112.252
Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24000000 |
Equity Shares |
INR 10/- each |
INR 240.000 Million |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10510928 |
Equity Shares |
INR 10/- each |
INR 105.109 Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10261594 |
Equity Shares |
INR 10/- each |
INR 102.616 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 |
102.616 |
232.014 |
227.854 |
|
(b) Reserves and Surplus |
405.337 |
152.566 |
93.009 |
|
(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) |
507.953 |
384.580 |
320.863 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
18.000 |
8.584 |
19.181 |
|
(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 |
6.429 |
5.277 |
3.835 |
|
Total Non-current
Liabilities (3) |
24.429 |
13.861 |
23.016 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
347.803 |
235.026 |
166.432 |
|
(b) Trade
payables |
79.135 |
142.978 |
92.500 |
|
(c) Other
current liabilities |
65.056 |
74.959 |
62.541 |
|
(d) Short-term
provisions |
0.927 |
0.722 |
0.423 |
|
Total Current
Liabilities (4) |
492.921 |
453.685 |
321.896 |
|
|
|
|
|
|
TOTAL |
1025.303 |
852.126 |
665.775 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
128.801 |
120.539 |
115.493 |
|
(ii)
Intangible Assets |
80.299 |
92.969 |
81.085 |
|
(iii) Tangible assets
capital work-in-progress |
6.549 |
3.252 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
79.241 |
79.241 |
69.120 |
|
(d)
Long-term loans and advances |
6.287 |
6.423 |
1.413 |
|
(e) Other
Non-current assets |
12.059 |
7.756 |
5.874 |
|
Total Non-Current
Assets |
313.236 |
310.180 |
272.985 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
308.111 |
269.153 |
177.518 |
|
(c) Trade
receivables |
340.781 |
216.482 |
157.492 |
|
(d) Cash and
bank balances |
2.589 |
1.633 |
5.403 |
|
(e) Short-term
loans and advances |
60.586 |
54.678 |
52.377 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
712.067 |
541.946 |
392.790 |
|
|
|
|
|
|
TOTAL |
1025.303 |
852.126 |
665.775 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
645.517 |
450.991 |
292.322 |
|
|
Other Income |
33.822 |
23.630 |
49.776 |
|
|
TOTAL |
679.339 |
474.621 |
342.098 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
155.978 |
166.742 |
102.075 |
|
|
Purchases of
Stock-in-Trade |
8.884 |
4.836 |
4.326 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(25.277) |
(84.500) |
(16.495) |
|
|
Employee benefit expense |
91.410 |
69.398 |
53.903 |
|
|
Other expenses |
372.757 |
260.279 |
165.688 |
|
|
TOTAL |
603.752 |
416.755 |
309.497 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
75.587 |
57.866 |
32.601 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
48.293 |
33.498 |
31.765 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
27.294 |
24.368 |
0.836 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
23.820 |
22.772 |
20.382 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3.474 |
1.596 |
(19.546) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
(10.121) |
(15.037) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3.474 |
11.717 |
(4.509) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.38 |
NA |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
6.148 |
25.047 |
19.259 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(149.354) |
(43.412) |
(41.240) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(149.232) |
(43.548) |
(41.292) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
192.69 |
175.21 |
196.65 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.89 |
2.08 |
1.86 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
175.20 |
304.16 |
317.31 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.25 |
0.21 |
0.18 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.35 |
0.27 |
0.17 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.50 |
0.57 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.73 |
0.70 |
0.64 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.97 |
1.18 |
1.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.42 |
0.56 |
0.61 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.57 |
1.73 |
1.03 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.54 |
2.60 |
(1.54) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.34 |
1.38 |
(0.68) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.68 |
3.05 |
(1.41) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.44 |
1.19 |
1.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.82 |
0.60 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.50 |
0.45 |
0.48 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.62 |
1.16 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.44 |
1.19 |
1.22 |
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 |
227.854 |
232.014 |
102.616 |
|
Reserves & Surplus |
93.009 |
152.566 |
405.337 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
320.863 |
384.580 |
507.953 |
|
|
|
|
|
|
Long-term borrowings |
19.181 |
8.584 |
18.000 |
|
Short term borrowings |
166.432 |
235.026 |
347.803 |
|
Current maturities of
long-term debts |
19.259 |
25.047 |
6.148 |
|
Total
borrowings |
204.872 |
268.657 |
371.951 |
|
Debt/Equity
ratio |
0.639 |
0.699 |
0.732 |
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 |
292.322 |
450.991 |
645.517 |
|
|
|
54.279 |
43.133 |
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 |
292.322 |
450.991 |
645.517 |
|
Profit/ (Loss) |
(4.509) |
11.717 |
3.474 |
|
|
(1.54
%) |
2.60
% |
0.54
% |
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 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 |
CORPORATE
INFORMATION
Subject was incorporated in September 2007 with a vision to create and preserve an Institution founded upon not only a world class product but also principles. It is engaged in manufacturing of wines with European technological expertise for all stages of production, from fermentation to bottling. It is India’s 2nd most distributed wine brand.
FINANCIAL RESULTS
During the year the net revenue from operations were INR 645.517 Million as against INR 450.991 Million in the previous year. There has been a jump of around 43%in revenue from operations in the current year as against previous year. Further, the Company has been able earn profit before tax of INR 3.474 Million as against a profit before tax of INR 1.596 Million in the previous year. With its sincere efforts the Company is hopeful to perform better in the coming years.
No dividend is being recommended by the Directors for the year 2016-17
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Intercorporate borrowings |
101.530 |
73.125 |
|
Deposits |
0.000 |
32.815 |
|
Total |
101.530 |
105.940 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G76385582 |
100153262 |
HDFC BANK LIMITED |
21/12/2017 |
- |
- |
5600000.0 |
HDFC BANK
HOUSE,SENAPATI BAPAT HOUSE,LOWER PAREL WMUMBAIMH400013IN |
|
2 |
G63453054 |
100135080 |
VIJAYA BANK |
17/10/2017 |
- |
- |
30000000.0 |
OVERSEAS II
BRANCH,LOUISIANA APARTMENTS, WEST AVENUE, SANTACRUZ WESTMUMBAIMH400054IN |
|
3 |
G63451363 |
100079719 |
VIJAYA BANK |
18/01/2017 |
17/10/2017 |
- |
138000000.0 |
OVERSEAS II
BRANCH,LOUISIANA APARTMENTS, WEST AVENUE, SANTACRUZ WESTMUMBAIMH400054IN |
|
4 |
G04438032 |
100029088 |
THE SOLAPUR
DISTRICT CO-OPERATIVE BANK LIMITED |
17/03/2016 |
- |
- |
30000000.0 |
207/08/09 GOLD
FINCH PETHSOLAPURSOLAPURMH413007IN |
|
5 |
G04699195 |
10569510 |
SYNDICATE BANK |
10/03/2015 |
06/05/2016 |
- |
36000000.0 |
VASANT VIHAR,NEW
DELHIDL110057IN |
|
6 |
G04419859 |
10529287 |
THE SOLAPUR
DISTRICT CO-OPERATIVE BANK LIMITED |
23/09/2014 |
06/01/2016 |
- |
131200000.0 |
207/08/09 GOLD
FINCH PETHSOLAPURSOLAPURMH413007IN |
|
7 |
G37259652 |
10487595 |
THE SOLAPUR DIST
CENTRAL CO-OP BANK LTD |
16/08/2010 |
- |
13/02/2017 |
93800000.0 |
HEAD OFFICE
207/8/9, GOLD FINTECHPETHSOLAPURMH413007IN |
|
8 |
A84574789 |
10171362 |
BANK OF INDIA.SMP COLLEGE.
MALEWADI BRANCH |
30/07/2009 |
- |
09/04/2010 |
96500000.0 |
SHANKARRAO MOHITE
MAHAVIDYALAYA SHOPPING COMPLEXAT- MALEWADI.
POST-AKLUJ.TAL-MALSHIRAS.MALEWADIMH413101IN |
|
9 |
A84575653 |
10171364 |
BANK OF INDIA.SMP
COLLEGE. MALEWADI BRANCH |
30/07/2009 |
- |
09/04/2010 |
96500000.0 |
SHANKAR RAO MOHITE
MAHAVIDHALAYA COMPLEXA-1 MALEWADI PO -AKLUJ, TAL MALSHIRAS, DIST
SOLAPUMALEWADIMH413101IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Office equipment
- Vehicles
- Computer equipments
Intangible assets
- Brands and trade marks
- Brands
- 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 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 65.68 |
|
|
1 |
INR 93.98 |
|
Euro |
1 |
INR 81.30 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
KVT |
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.