|
|
|
MIRA INFORM REPORT
|
Report No. : |
504280 |
|
Report Date : |
21.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
UMA POLYMERS LIMITED (w.e.f. 11.10.1995) |
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Formerly Known
As : |
UMA POLYMERS PRIVATE LIMITED |
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Registered Office
: |
C-Wings, 1st Floor, Abhay-Chambers, Jalori Gate, Jodhpur - 342003, Rajasthan |
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Tel. No.: |
91-291-2868290 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
29.04.1987 |
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|
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Com. Reg. No.: |
17-003956 |
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Capital
Investment / Paid-up Capital : |
INR 172.198 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U25201RJ1987PLC003956 |
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IEC No.: [Import-Export Code No.] |
1397003634 |
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TIN No.: |
08282650584 |
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PAN No.: [Permanent Account No.] |
AAACU0748E |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
08AAACU0748E1ZJ |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is engaged in the manufacturing and selling of Flexible Packaging Material (Registered Activity) |
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No. of Employees
: |
Not Divulged |
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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Maximum Credit Limit : |
USD 2960000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1987. It is a manufacturing and selling of flexible packaging material.
|
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 |
CARE |
|
Rating |
Long Term bank facilities : BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
27.03.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term bank facilities : A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
27.03.2018 |
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.: 91-291-2868287/ Mobile No.:
91-9829600809)
LOCATIONS
|
Registered Office/
Communication Office : |
C-Wings, 1st Floor, Abhay-Chambers, Jalori Gate, Jodhpur - 342003, Rajasthan, India |
|
Tel. No.: |
91-291-2868290 |
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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 : |
National Highway No. 62, 65, Pali Road, Mogra, Jodhpur- 342802, Rajasthan, India |
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Tel. No.: |
91 291 - 2868287 / 88 / 90 |
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E-Mail : |
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Factory 1 : |
"Uma Nagar", National Highway No.65, Pali Road, Mogra, Jodhpur- 342802, Rajasthan, India |
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Factory 2 : |
G-154-155-156, Ambaji Industrial Area, Santpur, Abu Road – 307026, Rajasthan, India |
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Factory 3 : |
Khasra No. 20 & 20/2, National Highway No. 62, Pali Road, Mogra, Jodhpur- 342802, Rajasthan, India |
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Factory 4 : |
Plot No. 14, ASIDC Food Processing Park, Chaygaon, Village-Paneri, Mouza Bongaon, Kamrup-781123, Assam, India |
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Marketing and Sales
Offices : |
Located at : · Mumbai · Delhi · Noida · Kolkata |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Shripal Raj Lodha |
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Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-66-67, Shastri Nagar, Jodhpur-342003, Rajasthan, India |
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Date of Birth/Age : |
20.10.1958 |
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Date of Appointment : |
29.04.1987 |
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PAN No.: |
AAJPL2949L |
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DIN No.: |
00057381 |
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Other
Directorship:
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Name : |
Ms. Sarita Lodha |
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Designation : |
Whole-Time Director |
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Address : |
C-66-67, Shastri Nagar, Jodhpur-342003, Rajasthan, India |
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Date of Birth/Age : |
22.05.1966 |
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Date of Appointment : |
01.04.2004 |
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PAN No.: |
AAJPL2956P |
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DIN No.: |
00057325 |
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Other
Directorship:
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Name : |
Ms. Shruti Lodha |
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Designation : |
Whole-Time Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-66-67 Shastri Nagar, Jodhpur 342003, Rajasthan, India |
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Date of Birth/Age : |
28.11.1988 |
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Date of Appointment : |
01.01.2015 |
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PAN No.: |
ACXPL8394F |
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DIN No.: |
01316941 |
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Other
Directorship:
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|
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Name : |
Mr. Shrikul Lodha |
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Designation : |
Director |
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Address : |
C-66/67, Shastri Nagar, Jodhpur 342003, Rajasthan, India |
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Date of Birth/Age : |
28.01.1992 |
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Date of Appointment : |
15.04.2011 |
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PAN No.: |
AFLPL6569F |
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DIN No.: |
03011881 |
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KEY EXECUTIVES
|
Name : |
Mr. Banke Bihari Bapna |
|
Designation : |
Chief Financial Officer |
|
Address : |
25, Johri Apartment Opposite Khas Bhag, Police Line Road, Ratanada, Jodhpur 342001, Rajasthan, India |
|
Date of Birth/Age : |
01.01.1964 |
|
Date of Appointment : |
01.04.2015 |
|
PAN No.: |
ACOPB5633Q |
|
|
|
|
Name : |
Khalid Hussain |
|
Designation : |
Company Secretary |
|
Address : |
H. No. 5/3, Pulia -4th Chopasni Housing Board Jodhpur 342008, Rajasthan, India |
|
Date of Birth/Age : |
15.12.1971 |
|
Date of Appointment : |
24.05.1999 |
|
PAN No.: |
AATPH6919K |
MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
59.13 |
|
Promoters (Body corporate) |
35.33 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
0.01 |
|
Public/Other than promoters (Body corporate) |
5.53 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the manufacturing and selling of Flexible Packaging Material (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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|
||||
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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 : |
Not Divulged |
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Bankers : |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg,
Lower Parel (West), Mumbai-400013, Maharashtra, India |
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|
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Facilities : |
|
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Auditors : |
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|
Name : |
Rajendra R Jain and Company Chartered Accountants |
|
Address : |
E-47, Shastri Nagar, Behind Barkatulla Khan Stadium, Jodhpur, Rajasthan, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAOPJ6227C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
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Associates : |
|
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|
|
|
Other Related Parties : |
· Uma Plastopack · Shripal Lodha & Sons HUF · Umax Packaging LLC · Uma Straps |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21000000 |
Equity Shares |
INR 10/- each |
INR 210.000 Million |
|
10500000 |
12% R & 1% Non-Cumulative preference shares |
INR 10/- each |
INR 105.000 Million |
|
|
Total |
|
INR 315.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11984800 |
Equity Shares |
INR 10/- each |
INR 119.848 Million |
|
5235000 |
12% R & 1% Non-Cumulative preference shares |
INR 10/- each |
INR 52.350 Million |
|
|
Total |
|
INR 172.198
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 |
172.198 |
160.513 |
156.339 |
|
(b) Reserves and Surplus |
863.648 |
710.595 |
652.624 |
|
(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) |
1035.846 |
871.108 |
808.963 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
399.514 |
291.721 |
326.691 |
|
(b) Deferred tax liabilities (Net) |
93.246 |
82.974 |
64.177 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.086 |
1.530 |
2.098 |
|
Total Non-current
Liabilities (3) |
493.846 |
376.225 |
392.966 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
362.083 |
379.985 |
476.537 |
|
(b) Trade
payables |
621.629 |
460.111 |
625.995 |
|
(c) Other
current liabilities |
139.003 |
95.474 |
210.854 |
|
(d) Short-term
provisions |
22.240 |
20.603 |
10.402 |
|
Total Current
Liabilities (4) |
1144.955 |
956.173 |
1323.788 |
|
|
|
|
|
|
TOTAL |
2674.647 |
2203.506 |
2525.717 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1040.619 |
787.050 |
744.447 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
79.470 |
73.641 |
146.953 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
187.601 |
176.444 |
168.753 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
24.246 |
34.942 |
24.984 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1331.936 |
1072.077 |
1085.137 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
571.945 |
491.208 |
481.325 |
|
(c) Trade
receivables |
558.488 |
448.025 |
651.943 |
|
(d) Cash and
bank balances |
76.617 |
110.719 |
164.615 |
|
(e)
Short-term loans and advances |
135.662 |
81.477 |
142.697 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1342.712 |
1131.429 |
1440.580 |
|
|
|
|
|
|
TOTAL |
2674.648 |
2203.506 |
2525.717 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
3719.524 |
3528.838 |
3942.937 |
|
|
Other Income |
30.583 |
29.246 |
32.603 |
|
|
TOTAL |
3750.107 |
3558.084 |
3975.540 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2871.625 |
2718.679 |
3261.021 |
|
|
Purchases of
Stock-in-Trade |
5.786 |
1.608 |
0.996 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(27.495) |
20.593 |
(13.778) |
|
|
Employee benefit expense |
254.574 |
205.833 |
208.479 |
|
|
Other expenses |
325.733 |
312.805 |
288.708 |
|
|
TOTAL |
3430.223 |
3259.518 |
3745.426 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
319.884 |
298.566 |
230.114 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
103.053 |
142.427 |
141.853 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
216.831 |
156.139 |
88.261 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
76.379 |
78.475 |
87.456 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
140.452 |
77.664 |
0.805 |
|
|
|
|
|
|
|
Less |
TAX |
39.853 |
34.590 |
0.731 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
100.599 |
43.074 |
0.074 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
91.695 |
73.449 |
39.643 |
|
|
TOTAL EARNINGS |
91.695 |
73.449 |
39.643 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
487.518 |
547.776 |
489.424 |
|
|
Capital Goods |
48.969 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
536.487 |
547.776 |
489.424 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
8.54 |
3.56 |
0.01 |
|
|
Diluted |
7.97 |
3.31 |
0.01 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
98.452 |
59.709 |
107.661 |
|
Net cash flows from (used in) operations |
237.550 |
126.500 |
269.065 |
|
Net cash flows from (used in) operating activities |
130.841 |
1.963 |
138.321 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
54.80 |
46.34 |
60.35 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.66 |
7.88 |
6.05 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
78.85 |
61.74 |
70.05 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.56 |
0.61 |
0.48 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.29 |
0.35 |
0.26 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.61 |
0.59 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.83 |
0.84 |
1.13 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.11 |
1.10 |
1.64 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.08 |
0.99 |
1.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.10 |
2.10 |
1.62 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.70 |
1.22 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.76 |
1.95 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
9.71 |
4.94 |
0.01 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.17 |
1.18 |
1.09 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.67 |
0.67 |
0.72 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.39 |
0.40 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.99 |
4.56 |
5.83 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.17 |
1.18 |
1.09 |
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 |
156.339 |
160.513 |
172.198 |
|
Reserves & Surplus |
652.624 |
710.595 |
863.648 |
|
Net
worth |
808.963 |
871.108 |
1035.846 |
|
|
|
|
|
|
long-term borrowings |
326.690 |
291.720 |
399.514 |
|
Short term borrowings |
476.537 |
379.985 |
362.083 |
|
Current maturities of
long-term debts |
107.661 |
59.709 |
98.452 |
|
Total
borrowings |
910.888 |
731.414 |
860.049 |
|
Debt/Equity
ratio |
1.126 |
0.840 |
0.830 |
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 |
3942.937 |
3528.838 |
3719.524 |
|
|
|
(10.502) |
5.404 |
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 |
3942.937 |
3528.838 |
3719.524 |
|
Profit/ (Loss) |
0.074 |
43.074 |
100.599 |
|
0.00
% |
1.22
% |
2.70
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
172.198 |
160.513 |
|
(b) Reserves and Surplus |
|
672.664 |
520.615 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
844.862 |
681.128 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
399.513 |
302.208 |
|
(b) Deferred tax liabilities (Net) |
|
93.246 |
82.974 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
1.086 |
1.530 |
|
Total Non-current
Liabilities (3) |
|
493.845 |
386.712 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
362.083 |
379.985 |
|
(b) Trade
payables |
|
622.396 |
460.111 |
|
(c) Other
current liabilities |
|
147.839 |
104.233 |
|
(d) Short-term
provisions |
|
22.241 |
20.603 |
|
Total Current
Liabilities (4) |
|
1154.559 |
964.932 |
|
|
|
|
|
|
TOTAL |
|
2493.266 |
2032.772 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1040.619 |
787.050 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
79.470 |
73.641 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
5.011 |
5.011 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
24.245 |
34.942 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
1149.345 |
900.644 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
571.945 |
491.208 |
|
(c) Trade
receivables |
|
558.488 |
448.025 |
|
(d) Cash and bank balances |
|
77.826 |
111.418 |
|
(e) Short-term loans and advances |
|
135.662 |
81.477 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
1343.921 |
1132.128 |
|
|
|
|
|
|
TOTAL |
|
2493.266 |
2032.772 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
3719.524 |
3528.838 |
|
|
Other Income |
|
30.583 |
29.246 |
|
|
TOTAL |
|
3750.107 |
3558.084 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
2871.625 |
2718.679 |
|
|
Purchases of
Stock-in-Trade |
|
5.786 |
1.608 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(27.495) |
20.593 |
|
|
Employee benefit expense |
|
254.574 |
205.833 |
|
|
Other expenses |
|
325.733 |
312.912 |
|
|
TOTAL |
|
3430.223 |
3259.625 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
319.884 |
298.459 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
104.054 |
143.254 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
215.830 |
155.205 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
76.379 |
78.475 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
139.451 |
76.730 |
|
|
|
|
|
|
|
Less |
TAX |
|
39.853 |
34.590 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
99.598 |
42.140 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
|
8.45 |
2.51 |
|
|
Diluted |
|
7.89 |
3.23 |
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
The company is a closely held company domiciled in India and incorporated under the then provisions of the Companies Act, 1956. The company is engaged in the manufacturing and selling of Flexible Packaging Material.
OPERATIONS AND
BUSINESS PERFORMANCE
The company has achieved turnover including other income of INR 4174.361 million for the year 2016-17 as compared to previous year of INR 3957.168 million. The Net Profit has increased to INR 100.599 million as compared to INR 43.074 million in the previous financial year.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
178.623 |
118.605 |
|
Total |
178.623 |
118.605 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G80188972 |
100162320 |
STATE BANK OF INDIA |
03/03/2018 |
- |
68000000.0 |
CITY BRANCHKAPRA BAZAR JODHPUR RAJASTHAN 342001 INDIA |
|
2 |
G80190044 |
100162325 |
STATE BANK OF INDIA |
03/03/2018 |
- |
40000000.0 |
CITY BRANCHKAPRA BAZAR JODHPUR RAJASTHAN 342001 INDIA |
|
3 |
G77534204 |
100156047 |
HDFC BANK LIMITED |
27/01/2018 |
- |
1500000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL W MUMBAI MAHARASHTRA 400013 INDIA |
|
4 |
G78891488 |
100159367 |
HDFC BANK LIMITED |
17/10/2017 |
- |
7765000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH 400013 IN |
|
5 |
G44505121 |
100082275 |
HDFC BANK LIMITED |
25/10/2016 |
29/04/2017 |
130000000.0 |
Currents assets. LOWER PAREL W MUMBAI MH 400013 IN |
|
6 |
G44506186 |
100081521 |
HDFC BANK LIMITED |
25/10/2016 |
29/04/2017 |
270000000.0 |
Currents assets. LOWER PAREL W MUMBAI MH 400013 IN |
|
7 |
G22859508 |
100060839 |
TOYOTA FINANCIAL SERVICES INDIA LIMITED |
15/10/2016 |
- |
1500000.0 |
No. 21 Centropolis, First Floor,5th Cross Langford Road, Shanti Nagar Bangalore Karnataka 560025 IN |
|
8 |
G10185593 |
100046486 |
AXIS BANK LIMITED |
01/08/2016 |
- |
5635000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE LAW GARDEN ELLISBRIDGE AHMEDABAD Gu 380006 IN |
|
9 |
C69753127 |
10601789 |
BMW India Financial Services Private Limited |
23/10/2015 |
- |
3630000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10 DLF CYBER CITY, PHASE-II GURGAON HR 122002 IN |
|
10 |
C69753424 |
10601790 |
BMW India Financial Services Private Limited |
23/10/2015 |
- |
7050000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10 DLF CYBER CITY, PHASE-II GURGAON HR 122002 IN |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Guarantees |
24.116 |
23.604 |
|
Other money for which company is contingently liable |
192.051 |
30.687 |
|
Total |
216.167 |
54.291 |
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 : |
PRT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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.
·