|
|
|
MIRA INFORM REPORT
|
Report No. : |
505017 |
|
Report Date : |
21.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
GADRE MARINE EXPORT PRIVATE LIMTIED |
|
|
|
|
Registered
Office : |
Plot No FP-1, MIDC, Mirjole Block, Ratnagiri – 415639, Maharashtra |
|
Tel. No.: |
91- 2352-230967/231600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
12.05.1994 |
|
|
|
|
Com. Reg. No.: |
11-078366 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 244.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51223PN1994PTC078366 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG4138R |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
· Manufacturing of Surimi Paste and Export · Manufacturing of Surimi Value Added Products (Registered Activity) |
|
|
|
|
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in 1994 and promoted by the Gadre Family. The
company manufactures and exports seafood products such as surimi analogue and
fish meal. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has maintained good profitability margin at 10.16% during
the year under review. The company possesses sound financial profile marked by healthy
networth base along with negligible debt recorded and favourable gap between
trade payables to its trade receivables. The company also derives strength from its established track record of
business operations. 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 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term rating : A |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
28.02.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating : A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
28.02.2018 |
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 21.04.2018
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 DECLINED
Management non-cooperative (Tel No.: 91-2352-230533)
LOCATIONS
|
Registered Office/ Head
Office/ Factory 1: |
Plot No FP-1, MIDC, Mirjole Block, Ratnagiri – 415639, Maharashtra,
India |
|
Tel. No.: |
91- 2352-230967/231600 |
|
Fax No.: |
91- 2352-230968 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2: |
Plot No. 130/1, Holiday Home Road, Chorwad, Junagadh 362 250, Gujarat, India |
|
Tel. No.: |
91-2870-288659/288660 / 288661 |
|
Fax No.: |
91-2870-288668 |
|
|
|
|
Factory 3: |
C/o Lewis Natural Foods Limited, 31/1A1, Baikady Village, Brahmavar, Udupi- 576 213, Karnataka, India |
|
Tel. No.: |
91-820-2561268/ 2561968 |
|
Fax No.: |
91-820-2561335 |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Arjun Deepak Gadre |
|
Designation : |
Managing director |
|
Address : |
233 Casa Del. Sol, Opposite Marriott Hotel, Miramar, Panaji – 410003,
Goa, India |
|
Date of Birth/Age : |
22.12.1975 |
|
Date of Appointment : |
01.04.2010 |
|
PAN No.: |
ABDPG6427B |
|
DIN No.: |
00767054 |
|
|
|
|
Name : |
Mrs. Meena Deepak Gadre |
|
Designation : |
Director |
|
Address : |
725 H, Opposite Power House, Nachane Road, Ratnagiri – 415639,
Maharashtra, India |
|
Date of Birth/Age : |
12.08.1951 |
|
Date of Appointment : |
25.07.1999 |
|
DIN No.: |
00767392 |
|
|
|
|
Name : |
Mr. Deepak Pandurang Gadre |
|
Designation : |
Director |
|
Address : |
725 H, Opposite Power House, Nachane Road, Ratnagiri – 415639,
Maharashtra, India |
|
Date of Birth/Age : |
17.10.1947 |
|
Date of Appointment : |
12.05.1994 |
|
PAN No.: |
ABHPG2085K |
|
DIN No.: |
00767462 |
KEY EXECUTIVES
|
Name : |
Ms. Anagha Karambelkar |
|
Designation : |
Company Secretary |
|
Address : |
Nishigandh, Abhyudaynagar, Nachana Road, Ratnagiri – 415639, Maharashtra, India |
|
Date of Appointment : |
03.11.2008 |
|
PAN No.: |
BFOPK1167C |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
|
Deepak Pandurang Gadre |
|
1246500 |
|
Meena Deepak Gadre |
|
1500 |
|
Arjun Deepak Gadre |
|
191000 |
|
Anjali Arjun Gadre |
|
1000 |
|
Total |
|
1440000 |
|
Names of Preference Shareholder |
|
No. of Shares INR 100/- each |
|
Arjun Deepak Gadre |
|
500000 |
|
|
|
|
|
Names of Preference Shareholder |
|
No. of Shares INR 1000/- each |
|
Deepak Pandurang Gadre |
|
50000 |
|
|
|
|
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturing of Surimi Paste and Export · Manufacturing of Surimi Value Added Products (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
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 : |
|
|
Auditors : |
|
|
Name : |
R T Chougule and Company Chartered Accountants |
|
Address : |
Ayodhya Towers, Building No. 1, 2nd Floor, 511, E-Ward, Station Road, Kolhapur – 416001, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AALPC7614F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
· Gadre Maine Export · Damodar Shivram and Company |
|
|
|
|
Subsidiary
companies : |
· Gadre Marine Asia Private Limited · Ramhita Power Projects Private Limited CIN No.: U40109PN2002PTC165884 |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
· A. D. Gadre Transport Contractor |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 100/- each |
INR 150.000 Million |
|
50000 |
8% Non-Cumulative Preference Shares |
INR 1000/- each |
INR 50.000 Million |
|
500000 |
8% Non-Cumulative Preference Shares |
INR 100/- each |
INR 50.000 Million |
|
|
Total |
|
INR 250.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1440000 |
Equity Shares |
INR 100/- each |
INR 144.000 Million |
|
50000 |
8% Non-Cumulative Preference Shares |
INR 1000/- each |
INR 50.000 Million |
|
500000 |
8% Non-Cumulative Preference Shares |
INR 100/- each |
INR 50.000 Million |
|
|
Total |
|
INR 244.000
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 |
244.000 |
244.000 |
244.000 |
|
(b) Reserves and Surplus |
2483.945 |
1676.446 |
1109.051 |
|
(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) |
2727.945 |
1920.446 |
1353.051 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
311.126 |
401.409 |
391.700 |
|
(b) Deferred tax liabilities (Net) |
126.397 |
82.823 |
54.101 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
25.919 |
20.424 |
14.429 |
|
Total Non-current
Liabilities (3) |
463.442 |
504.656 |
460.230 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1642.133 |
1195.363 |
1241.437 |
|
(b) Trade
payables |
529.054 |
206.598 |
255.202 |
|
(c) Other
current liabilities |
395.097 |
179.480 |
205.438 |
|
(d) Short-term
provisions |
52.674 |
92.987 |
29.691 |
|
Total Current
Liabilities (4) |
2618.958 |
1674.428 |
1731.768 |
|
|
|
|
|
|
TOTAL |
5810.345 |
4099.530 |
3545.049 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1738.702 |
1392.649 |
1067.034 |
|
(ii)
Intangible Assets |
6.206 |
11.918 |
14.810 |
|
(iii) Tangible assets
capital work-in-progress |
333.552 |
296.471 |
311.501 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.985 |
5.985 |
5.685 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
51.391 |
61.597 |
94.561 |
|
(e) Other
Non-current assets |
11.790 |
16.565 |
17.269 |
|
Total Non-Current
Assets |
2147.626 |
1785.185 |
1510.860 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1589.743 |
697.152 |
521.079 |
|
(c) Trade
receivables |
960.370 |
818.759 |
801.186 |
|
(d) Cash and
bank balances |
290.816 |
423.279 |
259.726 |
|
(e)
Short-term loans and advances |
330.263 |
58.420 |
115.379 |
|
(f) Other
current assets |
491.527 |
316.735 |
336.819 |
|
Total
Current Assets |
3662.719 |
2314.345 |
2034.189 |
|
|
|
|
|
|
TOTAL |
5810.345 |
4099.530 |
3545.049 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
7949.559 |
7142.431 |
6192.233 |
|
|
Other Income |
59.960 |
32.578 |
41.885 |
|
|
TOTAL |
8009.519 |
7175.009 |
6234.118 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
5591.483 |
4589.386 |
4188.380 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(852.423) |
(143.932) |
(99.550) |
|
|
Employee benefit expense |
496.124 |
423.469 |
313.056 |
|
|
CSR expenditure |
2.572 |
0.171 |
1.963 |
|
|
Other expenses |
1501.337 |
1307.192 |
1227.170 |
|
|
Exceptional items |
0.000 |
0.000 |
(75.707) |
|
|
TOTAL |
6739.093 |
6176.286 |
5555.312 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1270.426 |
998.723 |
678.806 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
77.830 |
101.176 |
169.200 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1192.596 |
897.547 |
509.606 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
(34.629) |
49.115 |
85.239 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1227.225 |
848.432 |
424.367 |
|
|
|
|
|
|
|
Less |
TAX |
419.726 |
276.222 |
135.390 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
807.499 |
572.209 |
288.977 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
6534.330 |
5887.560 |
0.052 |
|
|
TOTAL EARNINGS |
6534.330 |
5887.560 |
0.052 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
435.945 |
334.320 |
211.062 |
|
|
Components and spare
parts |
20.249 |
9.470 |
24.397 |
|
|
Capital Goods |
83.688 |
68.344 |
8.847 |
|
|
TOTAL IMPORTS |
539.882 |
412.135 |
244.306 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
560.76 |
394.02 |
200.68 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
129.935 |
76.024 |
74.400 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
460.412 |
954.099 |
248.290 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
37.593 |
691.176 |
134.787 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
44.09 |
41.84 |
47.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.28 |
8.72 |
7.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
34.54 |
16.43 |
22.24 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.80 |
1.43 |
1.30 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.61 |
0.59 |
0.49 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.53 |
0.52 |
0.62 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.76 |
0.87 |
1.26 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.96 |
0.87 |
1.28 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.76 |
0.89 |
1.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
16.32 |
9.87 |
4.01 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
10.16 |
8.01 |
4.67 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
13.90 |
13.96 |
8.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
29.60 |
29.80 |
21.36 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.40 |
1.38 |
1.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.79 |
0.97 |
0.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.47 |
0.47 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
8.54 |
6.86 |
7.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.40 |
1.38 |
1.17 |
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 |
244.000 |
244.000 |
244.000 |
|
Reserves & Surplus |
1109.051 |
1676.446 |
2483.945 |
|
Net
worth |
1353.051 |
1920.446 |
2727.945 |
|
|
|
|
|
|
long-term borrowings |
391.700 |
401.409 |
311.126 |
|
Short term borrowings |
1241.437 |
1195.363 |
1642.133 |
|
Current maturities of
long-term debts |
74.400 |
76.024 |
129.935 |
|
Total
borrowings |
1707.537 |
1672.796 |
2083.194 |
|
Debt/Equity
ratio |
1.262 |
0.871 |
0.764 |
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 |
6192.233 |
7142.431 |
7949.559 |
|
|
|
15.345 |
11.300 |
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 |
6192.233 |
7142.431 |
7949.559 |
|
Profit/ (Loss) |
288.977 |
572.209 |
807.499 |
|
4.67
% |
8.01
% |
10.16
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
244.000 |
244.000 |
|
(b) Reserves and Surplus |
|
2524.068 |
1712.863 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2768.068 |
1956.863 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
311.125 |
401.409 |
|
(b) Deferred tax liabilities (Net) |
|
126.397 |
82.823 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
25.919 |
20.424 |
|
Total Non-current
Liabilities (3) |
|
463.441 |
504.656 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1755.844 |
1195.770 |
|
(b) Trade
payables |
|
529.054 |
206.598 |
|
(c) Other
current liabilities |
|
253.544 |
182.284 |
|
(d) Short-term
provisions |
|
52.675 |
92.987 |
|
Total Current
Liabilities (4) |
|
2591.117 |
1677.639 |
|
|
|
|
|
|
TOTAL |
|
5822.626 |
4139.158 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1738.702 |
1392.649 |
|
(ii)
Intangible Assets |
|
6.479 |
12.191 |
|
(iii) Tangible assets
capital work-in-progress |
|
333.552 |
299.675 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
52.948 |
58.647 |
|
(e) Other Non-current
assets |
|
11.715 |
16.565 |
|
Total Non-Current
Assets |
|
2143.396 |
1779.727 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1589.743 |
697.152 |
|
(c) Trade
receivables |
|
955.887 |
781.851 |
|
(d) Cash and
bank balances |
|
306.810 |
499.312 |
|
(e)
Short-term loans and advances |
|
333.427 |
64.369 |
|
(f) Other
current assets |
|
493.363 |
316.747 |
|
Total
Current Assets |
|
3679.230 |
2359.431 |
|
|
|
|
|
|
TOTAL |
|
5822.626 |
4139.158 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
8012.435 |
7196.056 |
|
|
Other Income |
|
60.002 |
32.578 |
|
|
TOTAL |
|
8072.437 |
7228.634 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
5591.483 |
4589.386 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(852.424) |
(143.933) |
|
|
Employee benefit expense |
|
512.870 |
437.825 |
|
|
CSR expenditure |
|
2.572 |
0.171 |
|
|
Other expenses |
|
1520.268 |
1324.180 |
|
|
TOTAL |
|
6774.769 |
6207.629 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
1297.668 |
1021.005 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
80.035 |
102.081 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1217.633 |
918.924 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
(14.339) |
60.080 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
1231.972 |
858.844 |
|
|
|
|
|
|
|
Less |
TAX |
|
419.736 |
277.857 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
812.236 |
580.987 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
560.76 |
400.12 |
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 |
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) |
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 |
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
17.500 |
112.500 |
|
Total |
17.500 |
112.500 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G75562488 |
100146862 |
BANK OF BARODA |
16/12/2017 |
16/01/2018 |
- |
920000000.0 |
K. C. JAIN NAGAR, PARAS PLAZA NEAR MARUTI MANDIR, RATNAGIRI-415639, MAHARASHTRA, INDIA |
|
2 |
G69078053 |
90082999 |
BANK OF BARODA |
14/01/2005 |
02/11/2017 |
- |
2773000000.0 |
K. C. JAIN NAGAR, PARAS PLAZA NEAR MARUTI MANDIR, RATNAGIRI-415639, MAHARASHTRA, INDIA |
|
3 |
C14305544 |
10487796 |
BANK OF BARODA |
27/03/2014 |
- |
14/07/2014 |
50000000.0 |
BANK OF BARODA NEAR MARUTI MANDIR RATNAGIRI MH 415639IN |
|
4 |
B04203048 |
10244474 |
BANK OF BARODA |
31/08/2010 |
- |
11/01/2011 |
50000000.0 |
K. C. JAIN NAGAR, PARAS PLAZA NEAR MARUTI MANDIR, RATNAGIRI-415639, MAHARASHTRA, INDIA |
|
5 |
A92012517 |
10218659 |
BANK OF BARODA |
05/05/2010 |
- |
03/08/2010 |
50000000.0 |
K. C. JAIN NAGAR, PARAS PLAZA NEAR MARUTI MANDIR, RATNAGIRI-415639, MAHARASHTRA, INDIA |
|
6 |
A74915752 |
10184535 |
BANK OF BARODA |
25/09/2009 |
- |
26/11/2009 |
40000000.0 |
K. C. JAIN NAGAR, PARAS PLAZA NEAR MARUTI MANDIR, RATNAGIRI-415639, MAHARASHTRA, INDIA |
|
7 |
A59822031 |
10137044 |
BANK OF BARODA |
31/12/2008 |
- |
26/03/2009 |
45000000.0 |
K. C. JAIN NAGAR, PARAS PLAZA NEAR MARUTI MANDIR, RATNAGIRI-415639, MAHARASHTRA, INDIA |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 66.02 |
|
UK Pound |
1 |
INR 92.73 |
|
Euro |
1 |
INR 81.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·