|
|
|
MIRA INFORM REPORT
|
Report No. : |
504677 |
|
Report Date : |
21.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SWATI SPENTOSE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
114, Marine Chambers, 11, New Marine Lines, Mumbai – 400020,
Maharashtra |
|
Tel. No.: |
91-22-66332427 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
14.12.2005 |
|
|
|
|
Com. Reg. No.: |
11-158176 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 24.429 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2005PTC158176 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
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PAN No.: [Permanent Account No.] |
AAJCS6271M |
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|
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of manufacturing and trading in Bulk Drugs, Pharmaceuticals, Biologicals, Chemical Dyes and Medicinal Items. (Registered activity) |
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|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Exist |
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|
Comments : |
Subject was incorporated in the year 2005. It is a wholesale trader of
Pharmaceutical products. For the financial year 2017, the company has achieved 19.83% growth in
its revenue as compared to previous year revenue and has maintained healthy
profitability margin of 23.13% during the year under review. The sound financial profile of the company is marked by improving
networth base due to equity infused by it promoters along with negligible
debt level. Rating takes into consideration the company’s favourable earnings per
share (EPS) of INR 72 as against its Face Value (FV) of INR 10. However, the company has been found under RBI defaulters list, the
name of credit grantor is Union bank of India of INR 102.500 Million dated 30th
September, 2015 and State bank of India 297.200 Million dated 31st
December, 2017. Business is active. Payment seems to be slow and delayed. In view of aforesaid, the company can be considered for business
dealings on fully and secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name has been found enlisted as a
defaulter in the publicly available RBI Defaulters’ list and the details of the
same are as under :
|
Borrowers’ Name : |
SWATI SPENTOSE PRIVATE LIMITED |
|
Address : |
114, Marine Chambers, 11, New Marine Lines, Mumbai – 400020,
Maharashtra, India |
|
Name of Individual : |
|
|
Name of Credit Grantors / Bank & Branch: |
Union Bank of India, V N Road, Mumbai |
|
Amount (INR In Millions) : |
INR 120.500 Million |
|
Borrowers’ Name : |
SWATI SPENTOSE PRIVATE LIMITED |
|
Address : |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020,
Maharashtra, India |
|
Name of Individual : |
|
|
Name of Credit Grantors / Bank & Branch: |
State Bank of India, SAMB, Mumbai -II |
|
Amount (INR In Millions) : |
INR 297.200 Million |
|
Bank |
Branch |
Borrower name |
Registered Address |
Director Name – Din No |
INR in Million |
|
State Bank of India |
SAMB, Mumbai -II |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Rakesh Pandey-NA, Vishal N. Jajodia |
INR 297.200 Million |
|
State Bank of India |
SAMB, Mumbai -II |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Rakesh Pandey-NA, Vishal N. Jajodia |
INR 297.200 Million |
|
State Bank of India |
SAMB, Mumbai -II |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Rakesh Pandey-NA, Vishal N. Jajodia |
INR 297.200 Million |
|
State Bank of India |
SAMB, Mumbai -II |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Rakesh Pandey-NA, Vishal N. Jajodia |
INR 297.200 Million |
|
State Bank of India |
SAMB, Mumbai -II |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Rakesh Pandey-NA, Vishal N. Jajodia |
INR 297.200 Million |
|
State Bank of India |
SAMB, Mumbai -II |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Rakesh Pandey-NA, Vishal N. Jajodia |
INR 297.200 Million |
|
State Bank of India |
SAMB, Mumbai -II |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Rakesh Pandey-NA, Vishal N. Jajodia |
INR 297.200 Million |
|
State Bank of India |
SAMB, Mumbai -II |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Rakesh Pandey-NA, Vishal N. Jajodia |
INR 297.200 Million |
|
State Bank of India |
SAMB, Mumbai -II |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Santkumar Khandelwal |
INR 297.200 Million |
|
State Bank of India |
SAMB, Mumbai -II |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Santkumar Khandelwal |
INR 297.200 Million |
|
State Bank of India |
SAMB, Mumbai -II |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Santkumar Khandelwal |
INR 297.200 Million |
|
State Bank of India |
Stressed Assets Mgmt |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Rakesh Pandey-NA, Vishal N. Jajodia |
INR 297.200 Million |
|
State Bank of India |
Stressed Assets Mgmt |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Rakesh Pandey-NA, Vishal N. Jajodia |
INR 297.200 Million |
|
State Bank of India |
Stressed Assets Mgmt |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Rakesh Pandey-NA, Vishal N. Jajodia |
INR 297.200 Million |
|
State Bank of India |
Stressed Assets Mgmt |
SWATI SPENTOSE PRIVATE LIMITED |
101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India |
Rakesh Pandey-NA, Vishal N. Jajodia |
INR 297.200 Million |
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 DENIED
MANAGEMENT NON-COOPERATIVE: 91-22-66332427
LOCATIONS
|
Registered Office / Administrative Office : : |
114, Marine Chambers, 11, New Marine Lines, Mumbai – 400020,
Maharashtra, India |
|
Tel. No.: |
91-22-66332427 / 61505215 |
|
Fax No.: |
91-22-22071955 |
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E-Mail : |
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|
Website : |
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Factory 1: |
A-1/2102, A-1/2103, Phase III, GIDC, Vapi – 396195, Gujarat, India |
|
Tel. No.: |
91-260-3264151/ 3267525 |
|
Fax No.: |
91-260-2401565/ 2433964 |
|
|
|
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Factory 2: |
A-1/2111, 3rd Phase, GIDC, Vapi – 396195, Gujarat, India |
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Tel. No.: |
91-260-3264151/ 3267525 |
|
Fax No.: |
91-260-2401565/ 2433964 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vishal N. Jajodia |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
A/14, Meherina, C/51, Nepeansea Road, Mumbai- 400026, Mumbai, Maharashtra, India |
||||||||||||
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Date of Appointment : |
20.12.2005 |
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DIN No.: |
00367209 |
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Other Directorship:
|
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Name : |
Mr. Rakesh Ayodhya Prasad Pandey |
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Designation : |
Director |
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|
Address : |
B-303 Trishul Apartment Saraswati Baug, Damodar Nagar Viva College Road, Virar West, Thane- 401303, Mumbai, Maharashtra, India |
||||||||||||
|
Date of Appointment : |
15.10.2007 |
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DIN No.: |
01872040 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Vishal Jajodia |
|
1977301 |
|
Vivek Vishal Jajodia |
|
285000 |
|
Banwarilal Poddar |
|
160000 |
|
Rakesh Pandey |
|
100 |
|
Alcon Biosciences Private Limited |
|
19500 |
|
Pyarelal Tiwari |
|
1000 |
|
Ramu S. Deora |
|
5 |
|
Total |
|
2442906 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
99.20 |
|
Promoter - Bodies
corporate |
0.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of manufacturing and trading in Bulk Drugs, Pharmaceuticals, Biologicals, Chemical Dyes and Medicinal Items. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
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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 declined by the management |
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Bankers : |
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Facilities : |
|
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Auditors : |
|
|
Name : |
Vinod S. Mehta and Company Chartered Accountants |
|
Address : |
114, Jolly Bhavan-1, 10, New Marine Lines, Mumbai – 400020,
Maharashtra, India |
|
Tel. No.: |
91-22- 66333501/ 02/ 03/ 04 |
|
Fax No.: |
91-22-66333506 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFV0519Q |
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|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Concerns over which
Persons referred to in I or 2 above or their relatives exercises Significant
Influence:: |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2442906 |
Equity Shares |
INR 10/- each |
INR 24.429
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 |
24.429 |
21.579 |
21.579 |
|
(b) Reserves & Surplus |
165.478 |
(61.475) |
(180.819) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
12.500 |
|
Total
Shareholders’ Funds (1) + (2) |
189.907 |
(39.896) |
(146.740) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
267.612 |
181.398 |
289.892 |
|
(b) Deferred tax liabilities
(Net) |
4.827 |
3.920 |
11.751 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
272.439 |
185.318 |
301.643 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
70.000 |
410.783 |
320.026 |
|
(b) Trade payables |
18.236 |
10.409 |
30.466 |
|
(c) Other current liabilities |
34.900 |
0.000 |
0.000 |
|
(d) Short-term provisions |
105.568 |
104.028 |
75.815 |
|
Total
Current Liabilities (4) |
228.704 |
525.220 |
426.307 |
|
|
|
|
|
|
TOTAL |
691.050 |
670.642 |
581.210 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
364.124 |
371.468 |
376.330 |
|
(ii) Intangible Assets |
5.984 |
6.618 |
7.253 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
4.219 |
|
(iv) Intangible assets under
development |
15.877 |
15.777 |
9.333 |
|
(b) Non-current Investments |
0.023 |
0.023 |
0.023 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
36.835 |
4.771 |
5.235 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
422.843 |
398.657 |
402.393 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
124.204 |
107.734 |
76.112 |
|
(c) Trade receivables |
106.215 |
120.708 |
59.899 |
|
(d) Cash and cash equivalents |
14.630 |
19.943 |
10.501 |
|
(e) Short-term loans and
advances |
17.781 |
23.266 |
31.434 |
|
(f) Other current assets |
5.377 |
0.334 |
0.871 |
|
Total
Current Assets |
268.207 |
271.985 |
178.817 |
|
|
|
|
|
|
TOTAL |
691.050 |
670.642 |
581.210 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
667.096 |
556.671 |
419.448 |
|
|
Other Income |
73.019 |
11.637 |
9.846 |
|
|
TOTAL
|
740.115 |
568.308 |
429.294 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
209.633 |
218.547 |
140.830 |
|
|
Purchases of Stock-in-Trade |
89.932 |
72.182 |
76.591 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.858 |
-19.928 |
-2.193 |
|
|
Manufacturing Expenses |
62.007 |
53.763 |
42.392 |
|
|
Trading Expenses |
1.825 |
0.540 |
0.734 |
|
|
Employees benefits expense |
77.784 |
50.310 |
31.268 |
|
|
Administrative and Other
Expenses |
36.069 |
19.508 |
12.509 |
|
|
Selling and Distribution
Expenses |
53.661 |
18.946 |
17.378 |
|
|
TOTAL |
533.769 |
413.868 |
319.509 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
206.346 |
154.440 |
109.785 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
19.712 |
16.135 |
6.921 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
186.634 |
138.305 |
102.864 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
27.620 |
26.792 |
25.448 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
159.014 |
111.513 |
77.416 |
|
|
|
|
|
|
|
Less |
TAX |
4.690 |
-7.831 |
-11.566 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
154.324 |
119.344 |
88.982 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
-223.834 |
-343.178 |
-432.160 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
-69.510 |
-223.834 |
-343.178 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
310.367 |
210.810 |
175.633 |
|
|
TOTAL
EARNINGS |
310.367 |
210.810 |
175.633 |
|
|
|
|
|
|
|
|
C.I.F. VALUE OF IMPORTS |
48.082 |
92.116 |
66.656 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
72.00 |
55.00 |
41.00 |
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 flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
58.12 |
79.15 |
52.12 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.28 |
4.61 |
7.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
22.22 |
13.07 |
51.15 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.66 |
1.43 |
1.44 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.53 |
0.39 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.72 |
1.05 |
1.23 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.78 |
(14.84) |
(4.16) |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.20 |
(13.16) |
(2.91) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.03 |
(9.87) |
(2.71) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
10.47 |
9.57 |
15.86 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
23.13 |
21.44 |
21.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
22.33 |
17.80 |
15.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
81.26 |
(299.14) |
(60.64) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.17 |
0.52 |
0.42 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.63 |
0.31 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.27 |
(0.06) |
(0.25) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
13.82 |
27.44 |
28.26 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.17 |
0.52 |
0.42 |
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 |
21.579 |
21.579 |
24.429 |
|
Reserves & Surplus |
(180.819) |
(61.475) |
165.478 |
|
Share Application money pending allotment |
12.500 |
0.000 |
0.000 |
|
Net
worth |
(146.740) |
(39.896) |
189.907 |
|
|
|
|
|
|
Long Term borrowings |
289.892 |
181.398 |
267.612 |
|
Short Term borrowings |
320.026 |
410.783 |
70.000 |
|
Total
borrowings |
609.918 |
592.181 |
337.612 |
|
Debt/Equity
ratio |
(4.156) |
(14.843) |
1.778 |
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
|
419.448 |
556.671 |
667.096 |
|
|
|
32.715 |
19.837 |
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
|
419.448 |
556.671 |
667.096 |
|
Profit |
88.982 |
119.344 |
154.324 |
|
|
21.21% |
21.44% |
23.13% |
LEGAL
CASES
HIGH COURT
|
UNION BANK OF INDIA VS MS SWATI SPENTOSE PV T LTD CIN U51909MH2005P PAGE 11 |
|
High Court-Mum |
|
Case No: CA/156/2015 |
|
Case Status: Pending |
|
Judge: HON'BLE SHRI JUSTICE B.P. COLABAWALLA |
|
Date:2016-03-23T00:00:00Z |
|
UNION BANK OF INDIA VS MS SWATI SPENTOSE T LTD CIN U51909MH2005P PETITION FILED BY N.I. ACCEPTED ON DATED 15092014 06102014. |
|
High Court-Mum |
|
Case No: 937. CP/598/2014 |
|
Case Status: Pending |
|
Judge : HON'BLE SHRI JUSTICE V.M. KANADEHON'BLE SHRI JUSTICE P.D. KODE |
|
Date:2015-09-01T00:00:00Z |
|
UNION BANK OF INDIA VS MS SWATI SPENTOSE T LTD CIN U51909MH2005P PETITION FILED BY N.I. ACCEPTED ON DATED 15092014 06102014. RESTORED 23032016 PASSED IN CA1562015. |
|
High Court -Mum |
|
Case No: 12. CP/598/2014 |
|
Case status: Pending |
|
Judge: HON'BLE SHRI JUSTICE A.A. SAYED |
|
Date: 2016-04-04T00:00:00Z |
|
UNION BANK OF INDIA V. N. AJIKUMAR VS MS SWATI SPENTOSE PV T LTD CIN |
|
High Court-Maharashtra |
|
Case No: CP/598/2014 [Original] REMARK: == ADMITTED ON 04/04/2016. RETURNABLE ON 20/06/2016. COMPANY PETITION |
|
Case Status: Pending |
|
Judge: HON'BLE SHRI JUSTICE B.P. COLABAWALLA |
|
Date:2016/07/20 |
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) |
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 |
No |
|
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 |
NOTE: Registered office of the company has been shifted from 101, Marine Chambers, 11, New Marine Lines, Mumbai – 400020, Maharashtra, India to the present address w.e.f. 23.06.2008.
CORPORATE
INFORMATION:
The Company is engaged in the business of manufacturing and trading in Bulk Drugs, Pharmaceuticals, Biologicals, Chemical Dyes and Medicinal Items.
OPERATIONAL REVIEW:
The company performed well, both in terms of turnover and profits i.e. recorded a Total Income of INR 7401.15 Million for the Year ended 31st March, 2017 in comparison to INR. 5683.08 Million in the previous year. The Company has earned a profit after tax of INR 1543.24 Million as compared to INR 1193.44 Million in the previous year. The Earnings per equity share for the year 31st March 2017 is INR 72/- The Company is undertaking active efforts towards accelerating the growth speed and is optimistic about better performance in the future.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from Related Parties |
38.500 |
12.000 |
|
Loans and advances from Directors |
17.612 |
17.498 |
|
Other Loans and Advances |
211.500 |
151.900 |
|
Total |
267.612 |
181.398 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
B24867905 |
10316488 |
BANK OF BARODA |
17/09/2011 |
- |
- |
148500000.0 |
NARIMAN POINT BRANCH, FORESHORE BUILDING,GEN BHOSALE MARG,NR.SACHIVALAYA GYM, NARIMAN POINTMUMBAIMH400021IN |
|
2 |
B22068886 |
10309054 |
UNION BANK OF INDIA |
05/09/2011 |
- |
- |
27100000.0 |
VEER NARIMAN ROAD BRANCH,84, RAJ MAHAL, VEER NARIMAN ROAD, CHURCHGATE,MUMBAIMH400020IN |
|
3 |
B22070890 |
10265350 |
UNION BANK OF INDIA |
04/01/2011 |
05/09/2011 |
- |
38000000.0 |
VEER NARIMAN ROAD BRANCH,84, RAJ MAHAL, VEER NARIMAN ROAD, CHURCHGATE,MUMBAIMH400020IN |
|
4 |
B61525697 |
10265339 |
UNION BANK OF INDIA |
03/01/2011 |
06/10/2012 |
- |
209600000.0 |
VEER NARIMAN ROAD BRANCH,84, RAJ MAHAL, VEER NARIMAN ROAD, CHURCHGATE,MUMBAIMH400020IN |
|
5 |
A88189204 |
10225719 |
BANK OF BARODA |
05/06/2010 |
- |
- |
92500000.0 |
NARIMAN POINT BRANCH,FORESHORE BLDG, GEN BHOSALE MARG, NARIMAN POINT,MUMBAIMH400021IN |
|
6 |
A78199791 |
10188651 |
UNION BANK OF INDIA |
23/11/2009 |
21/01/2010 |
- |
145000000.0 |
VEER NARIMAN ROAD BRANCH,84, RAJ MAHAL, VEER NARIMAN ROAD, CHURCHGATE,MUMBAIMH400020IN |
|
7 |
B22070577 |
10188656 |
UNION BANK OF INDIA |
10/10/2009 |
05/09/2011 |
- |
117000000.0 |
VEER NARIMAN ROAD BRANCH,84, RAJ MAHAL, VEER NARIMAN ROAD, CHURCHGATE,MUMBAIMH400020IN |
|
8 |
B61526141 |
10188653 |
UNION BANK OF INDIA |
10/10/2009 |
06/10/2012 |
- |
27500000.0 |
VEER NARIMAN ROAD BRANCH,84, RAJ MAHAL, VEER NARIMAN ROAD, CHURCHGATE,MUMBAIMH400020IN |
|
9 |
G49691454 |
10117644 |
STATE BANK OF INDIA |
01/08/2008 |
06/10/2012 |
07/07/2017 |
354500000.0 |
SIR P. M. ROAD BRANCH, GRESHAM HOUSE,GROUND FLOOR, SIR P. M. ROAD, FORT,MUMBAIMH400001IN |
|
10 |
A77603686 |
10016040 |
CANARA BANK |
09/08/2006 |
- |
19/01/2010 |
50000000.0 |
OVERSEAS BRANCH, 211, DALAMAL TOWERNARIMAN POINTMUMBAIMH400021IN |
FIXED ASSETS
Tangible Assets
- Land
- Building
- Plant & Machinery
- Equipment
- Furniture & Fixtures
- Electrical Installations
- Computer
Intangible Assets
- Patent
- Technical
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 : |
PRT |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
SUJ |
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.