|
|
|
MIRA INFORM REPORT
|
Report No. : |
505390 |
|
Report Date : |
23.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
PREMIER INDUSTRIAL CORPORATION LIMITED |
|
|
|
|
Registered
Office : |
501-506, 5th Floor, Kailash Corporate Lounge Godrej, Hiranandani Link
Road, Park Site, Vikroli [West], Mumbai – 400079, Maharashtra |
|
Tel. No.: |
91-22-61514545/ 25003802 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
08.08.2007 |
|
|
|
|
Com. Reg. No.: |
11-172955 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 83.992 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101MH2007PLC172955 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0307053288 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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GSTN : [Goods & Service Tax
Registration No.] |
27AAECP3518M1Z5 |
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|
|
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PAN No.: [Permanent Account No.] |
AAECP3518M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
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Line of Business
: |
· Manufacturer of Welding Flux Powders, Wires and other non-ferrous Metals. (Confirmed by management) · Manufacturer of Non-Ferrous Metals. (Registered Activity) |
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|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 1590000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Exist |
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|
|
Comments : |
Subject was incorporated in the year 2007. The company is a
manufacturer of welding flux powders and wires and other non-ferrous metals. As per financial of 2017, the company achieved a fair growth of 14.35%
in its revenue as compared to the previous year’s revenue and has reported an
average profitability margin of 5.08%. The healthy financial position of the company is reflected by sound
net worth base along with negligible debt level and acceptable liquidity
position. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 |
ICRA |
|
Rating |
Long Term Loans = BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
11.04.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Loans = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
11.04.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 23.04.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY (GENERAL INFORMATION)
|
Name : |
Mr. Anand Dilip Morzaria |
|
Designation : |
Director |
|
Contact No.: |
91-9619902204 |
|
Date : |
21.04.2018 |
LOCATIONS
|
Registered/ Corporate Office : |
501-506, 5th Floor, Kailash Corporate Lounge Godrej, Hiranandani Link
Road, Park Site, Vikroli [West], Mumbai – 400079, Maharashtra, India |
|
Tel. No.: |
91-22-61514545/ 25003802 |
|
Mobile No.: |
91-9619902204 (Mr. Anand Dilip Morzaria) |
|
Fax No.: |
91-22-61514555 |
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E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
Anupam Industrial Estate, LBS Marg, Mulund (West), Mumbai – 400080,
Maharashtra, India |
|
|
|
|
Factories : |
Located at: · Rabale · Taloja · Bhiwandi |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Arvind Chhotalal Morzaria |
||||||||||||
|
Designation : |
Managing director |
||||||||||||
|
Address : |
9A, Devang Apartments, 83, Garodia Nagar, Ghatkopar (East), Mumbai - 400077, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
22.02.1952 |
||||||||||||
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Qualification : |
B.Com |
||||||||||||
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Date of Appointment : |
08.08.2007 |
||||||||||||
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PAN No.: |
AEKPM9977L |
||||||||||||
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DIN No.: |
00762810 |
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|
||||||||||||
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Name : |
Mr. Subhash Chotalal Morzaria |
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|
Designation : |
Whole-time director |
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|
Address : |
1202A, Kukreja Palace, Vallabh Baug Extn. Lane, Ghatkopar (East), Mumbai - 400075, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
09.08.1958 |
||||||||||||
|
Qualification : |
B.Com |
||||||||||||
|
Date of Appointment : |
08.08.2007 |
||||||||||||
|
PAN No.: |
AADPM9918L |
||||||||||||
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DIN No.: |
00762794 |
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|
||||||||||||
|
Name : |
Mr. Dilip Chhotalal Morzaria |
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|
Designation : |
Whole-time director |
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|
Address : |
101, Kailas Mansion,, Derasar Lane, Ghatkopar (East), Mumbai - 400077, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
07.12.1957 |
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|
Qualification : |
B.Sc |
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|
Date of Appointment : |
08.08.2007 |
||||||||||||
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PAN No.: |
AADPM9919M |
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DIN No.: |
00762801 |
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|
||||||||||||
|
Name : |
Mr. Lalit Navin Morzaria |
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|
Designation : |
Whole-time director |
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|
Address : |
6, Komal Apartments, 90 Feet Road,, Garodia Nagar, Ghatkopar (East), Mumbai - 400077, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
14.09.1977 |
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|
Qualification : |
B.Com |
||||||||||||
|
Date of Appointment : |
08.08.2007 |
||||||||||||
|
PAN No.: |
AEXPM7771B |
||||||||||||
|
DIN No.: |
00762815 |
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|
|
||||||||||||
|
Name : |
Smeet Arvind Morzaria |
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|
Designation : |
Wholetime director |
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|
Address : |
9 A, Devang Apartments, 53, Garodia Nagar, 90 Feet Road, Ghatkopar [East], Mumbai - 400077, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
09.03.1985 |
||||||||||||
|
Qualification : |
MBA |
||||||||||||
|
Date of Appointment : |
16.10.2014 |
||||||||||||
|
PAN No.: |
AJTPM0703A |
||||||||||||
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DIN No.: |
06979276 |
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|
|
|
||||||||||||
|
Name : |
Mr. Meet Arvind Morzaria |
||||||||||||
|
Designation : |
Wholetime director |
||||||||||||
|
Address : |
9 A, Devang Apartments, 53, Garodia Nagar, 90 Feet Road, Ghatkopar [East], Mumbai - 400077, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
09.03.1985 |
||||||||||||
|
Qualification : |
MBA |
||||||||||||
|
Date of Appointment : |
16.10.2014 |
||||||||||||
|
PAN No.: |
AJTPM0709L |
||||||||||||
|
DIN No.: |
06979283 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Anand Dilip Morzaria |
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|
Designation : |
Wholetime director |
||||||||||||
|
Address : |
101, New Kailash Mansion, Derasar Lane, Ghatkopar [East], Mumbai - 400077, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
14.02.1985 |
||||||||||||
|
Qualification : |
MBA |
||||||||||||
|
Date of Appointment : |
16.10.2014 |
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|
PAN No.: |
AJQPM3544C |
||||||||||||
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DIN No.: |
06979270 |
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|
|
||||||||||||
|
Name : |
Mr. Dilip Shantilal Mehta |
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|
Designation : |
director |
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|
Address : |
172/2, Krushnakunj, Ground Floor, Shree Hindu CHSL, N. S. Madikar Marg, Sion, Chunnabati, Mumbai - 400022, Maharashtra, India |
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|
Date of Birth/Age : |
12.06.1952 |
||||||||||||
|
Qualification : |
B. Sc. |
||||||||||||
|
Date of Appointment : |
16.10.2014 |
||||||||||||
|
PAN No.: |
AABPM6713H |
||||||||||||
|
DIN No.: |
01681356 |
||||||||||||
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|
|
||||||||||||
|
Name : |
Mr. Bharat Balkrishna Parekh |
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|
Designation : |
director |
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|
Address : |
Rajshree, Flat No. 15, 3rd Floor,, A. N. Narkar Marg, Near Odian Cinema, Ghatkopar, Mumbai - 400077, Maharashtra, India |
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|
Date of Birth/Age : |
14.02.1958 |
||||||||||||
|
Qualification : |
B. Sc. |
||||||||||||
|
Date of Appointment : |
16.10.2014 |
||||||||||||
|
PAN No.: |
AAFPP9348F |
||||||||||||
|
DIN No.: |
01858132 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Kashmira Bharat Parekh |
||||||||||||
|
Designation : |
director |
||||||||||||
|
Address : |
15, Rajshree, 3rd Floor, R.N. Narkar Marg, Near Odean Cinema, Ghatkopar [East], Mumbai - 400077, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
27.01.1961 |
||||||||||||
|
Qualification : |
B. Com |
||||||||||||
|
Date of Appointment : |
16.10.2014 |
||||||||||||
|
PAN No.: |
AAFPP9347L |
||||||||||||
|
DIN No.: |
06997683 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Arvind Chhotalal Morzaria |
|
2633700 |
|
Bharti A. Morzaria |
|
64469 |
|
Dilip Chhotalal Morzaria (HUF) |
|
40000 |
|
Kalpana D. Morzaria |
|
23069 |
|
Lalit Navin Morzaria |
|
689087 |
|
Maulik S. Morzaria |
|
101200 |
|
Meet Arvind Morzaria |
|
193269 |
|
Nirmala N. Morzaria |
|
138069 |
|
Rima D. Morzaria |
|
11500 |
|
Rushina S. Morzaria |
|
46069 |
|
Samarth S. Morzaria |
|
101269 |
|
Smeet A. Morzaria |
|
193269 |
|
Subhash C. Morzaria |
|
1784550 |
|
Subhash C. Morzaria HUF |
|
40000 |
|
Anand Dilip Morzaria |
|
71369 |
|
Arvind C Morzaria HUF |
|
40000 |
|
Dilip Chhotalal Morzaria |
|
2228275 |
|
Chhotalal Mathurdas Morzaria |
|
69 |
|
Total |
|
8399233 |
As on 29.09.2017
|
Equity Share Breakup |
Percentage |
|
Category |
|
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer of Welding Flux Powders, Wires and other non-ferrous Metals. (Confirmed by management) · Manufacturer of Non-Ferrous Metals. (Registered Activity) |
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|
||||
|
Products : |
|
||||
|
|
|
||||
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Brand Names : |
Not Divulged |
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|
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|
||||
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Agencies Held : |
Not Divulged |
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Exports : |
|
||||
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Products : |
Finished Goods |
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|
Countries : |
|
||||
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|
||||
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Imports : |
|
||||
|
Products : |
Raw Material |
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|
Countries : |
Russia |
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|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Cheque and Credit, NEFT and RTGS |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cheque and Credit, NEFT and RTGS |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users
|
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|
|
|
||||||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
P.G. Ranade and Company Chartered Accountants |
|
Address : |
A/17, Raj Darshan , Basement, Dada Patil Wadi, Near Platform No.1, Thane, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAMFP2612H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company : |
Dals international BV, Netherlands |
|
|
|
|
Others Related
Party : |
Kamman Corporation, India |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8399233 |
Equity Shares |
INR 10/- each |
INR 83.992
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 |
83.992 |
83.992 |
83.992 |
|
(b) Reserves and Surplus |
473.747 |
409.610 |
339.308 |
|
(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) |
557.739 |
493.602 |
423.300 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
128.097 |
154.926 |
275.814 |
|
(b) Deferred tax liabilities (Net) |
11.121 |
8.688 |
7.215 |
|
(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) |
139.218 |
163.614 |
283.029 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
324.127 |
203.765 |
409.036 |
|
(b) Trade payables |
117.180 |
111.211 |
137.675 |
|
(c) Other
current liabilities |
24.840 |
12.754 |
2.277 |
|
(d) Short-term
provisions |
69.386 |
36.511 |
30.126 |
|
Total Current
Liabilities (4) |
535.533 |
364.241 |
579.114 |
|
|
|
|
|
|
TOTAL |
1232.490 |
1021.457 |
1285.443 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
328.312 |
334.612 |
339.817 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.396 |
1.083 |
1.083 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
7.691 |
7.699 |
7.247 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
337.399 |
343.394 |
348.147 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
389.758 |
280.187 |
356.979 |
|
(c) Trade
receivables |
347.456 |
322.252 |
338.959 |
|
(d) Cash and
bank balances |
51.273 |
16.037 |
113.754 |
|
(e)
Short-term loans and advances |
9.438 |
15.590 |
14.227 |
|
(f) Other current
assets |
97.166 |
43.997 |
113.377 |
|
Total
Current Assets |
895.091 |
678.063 |
937.296 |
|
|
|
|
|
|
TOTAL |
1232.490 |
1021.457 |
1285.443 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
1387.755 |
1213.621 |
1237.741 |
|
|
Other Income |
13.944 |
8.871 |
8.924 |
|
|
TOTAL |
1401.699 |
1222.492 |
1246.665 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1210.283 |
878.866 |
1023.905 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(109.571) |
76.792 |
69.878 |
|
|
Employee benefit expense |
69.651 |
52.874 |
19.290 |
|
|
CSR expenditure |
0.251 |
0.000 |
0.000 |
|
|
Other expenses |
60.334 |
52.835 |
32.657 |
|
|
TOTAL |
1230.948 |
1061.367 |
1145.730 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
170.751 |
161.125 |
100.935 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
49.955 |
54.892 |
72.842 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
120.796 |
106.233 |
28.093 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.671 |
12.797 |
14.214 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
108.125 |
93.436 |
13.879 |
|
|
|
|
|
|
|
Less |
TAX |
37.635 |
23.134 |
6.550 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
70.490 |
70.302 |
7.329 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
|
|
|
|
|
Basic |
8.39 |
8.37 |
8.73 |
|
|
Diluted |
1.02 |
1.02 |
8.73 |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
9.367 |
285.861 |
210.376 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(30.592) |
281.775 |
207.599 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
91.39 |
96.92 |
99.96 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.99 |
3.77 |
3.65 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
35.34 |
46.19 |
49.08 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.44 |
0.58 |
0.28 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.52 |
0.48 |
0.30 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.54 |
0.51 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.81 |
0.73 |
1.62 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.96 |
0.74 |
1.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.59 |
0.68 |
0.80 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.42 |
2.94 |
1.39 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.08 |
5.79 |
0.59 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.72 |
6.88 |
0.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.64 |
14.24 |
1.73 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.67 |
1.86 |
1.62 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.94 |
1.09 |
1.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.45 |
0.48 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.38 |
4.27 |
8.15 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.67 |
1.86 |
1.62 |
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 |
83.992 |
83.992 |
83.992 |
|
Reserves & Surplus |
339.308 |
409.610 |
473.747 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
423.300 |
493.602 |
557.739 |
|
|
|
|
|
|
Long-term borrowings |
275.814 |
154.926 |
128.097 |
|
Short term borrowings |
409.036 |
203.765 |
324.127 |
|
Total
borrowings |
684.850 |
358.691 |
452.224 |
|
Debt/Equity
ratio |
1.618 |
0.727 |
0.811 |
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 |
1237.741 |
1213.621 |
1387.755 |
|
|
|
(1.949) |
14.348 |
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 |
1237.741 |
1213.621 |
1387.755 |
|
Profit/ (Loss) |
7.329 |
70.302 |
70.490 |
|
|
0.59
% |
5.79
% |
5.08
% |
LEGAL CASES
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 |
Yes |
|
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
Intercorporate borrowings |
0.000 |
6.250 |
|
Loans and advances from related parties |
122.558 |
140.766 |
|
|
|
|
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from banks |
324.127 |
203.765 |
|
|
|
|
|
TOTAL |
446.685 |
350.781 |
INDEX
OF CHARGES:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B65081192 |
10390145 |
BANK OF BARODA |
30/10/2012 |
26/12/2012 |
- |
661000000.0 |
THANE WEST
BRANCH,RAM MARUTI ROAD, THANE WEST,THANEMH400602IN |
|
2 |
B86946241 |
10476515 |
STANDARD CHARTERED
BANK |
30/11/2010 |
- |
- |
17000000.0 |
23-25, MAHATMA
GANDHI ROADFORTMUMBAIMH400001IN |
|
3 |
B65080525 |
10121456 |
BANK OF BARODA |
25/08/2008 |
26/12/2012 |
- |
661000000.0 |
THANE WEST
BRANCH,RAM MARUTI ROAD, THANE WEST,THANEMH400602IN |
|
4 |
B65081788 |
10178334 |
BANK OF BARODA |
08/08/2007 |
26/12/2012 |
- |
531000000.0 |
THANE WEST BRANCH,RAM
MARUTI ROAD, THANE WEST,THANEMH400602IN |
|
5 |
B65082240 |
90154647 |
BANK OF BARODA |
21/05/2001 |
26/12/2012 |
- |
661000000.0 |
THANE WEST
BRANCH,RAM MARUTI ROAD, THANE WEST,THANEMH400602IN |
|
6 |
Y10252211 |
90152441 |
BANK OF BARODA |
09/11/1993 |
21/05/2001 |
- |
985000.0 |
THANE (W)
BRANCHANNPURNA BHAVAN GOKHALE ROAD NAUPADATHANEMH400602IN |
|
7 |
Y10252573 |
90152803 |
BANK OF BARODA |
15/01/1992 |
15/01/1999 |
- |
495000.0 |
THANE (W) BRANCHANNPURNA
BHAVAN GOKHALE ROAD NAUPADATHANEMH400602IN |
|
8 |
C35976232 |
10173723 |
RELIANCE CAPITAL
LTD |
25/07/2009 |
- |
02/12/2014 |
20000000.0 |
"H"
BLOCK 1ST FLOORDHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNENAVI
MUMBAIMH400710IN |
REVIEW OF BUSINESS OPERATIONS AND FUTURE
PROSPECTS
The Directors wish to present the details of Business operations done during the year:
a. Production and Profitability: The Company made a profit after tax of INR 70.302 million for the year.
b. Sales: The total turnover from the operations is INR 1213.621 million for the year.
c. Future Prospects including constraints affecting due to Government policies: The Company plans to expand the business to increase the profitability
FIXED ASSETS
- Land
- Buildings
- Office building
- Factory building
- Plant and equipment
- Pollution reduction equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or investigation
registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 66.02 |
|
|
1 |
INR 92.73 |
|
Euro |
1 |
INR 81.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.