|
|
|
%20PRIVATE%20LIMITED%20-%20505687_MIRA%2024-Apr-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20505687_MIRA%2024-Apr-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20505687_MIRA%2024-Apr-2018_files/image005.gif)
MIRA INFORM REPORT
|
Report No. : |
505687 |
|
Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
BERNHARD SCHULTE SHIPPING (INDIA) PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
401, Olympia, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra |
|
Tel. No.: |
91-22-40017300 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
27.05.1997 |
|
|
|
|
Com. Reg. No.: |
11-108257 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 7.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH1997PTC108257 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the management that firm does
not have export and import) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCB7797H1Z8 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB7797H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing ship management and marine consultancy services. (Registered activity and also confirmed by management) |
|
|
|
|
No. of Employees
: |
04 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Bernhard Schulte Gmbh and Company,
Germany” incorporated in the year 1997 and it is having a good track record. It is engaged in providing ship management and marine consultancy
services. For the financial year 2017, the company has reported a decline in its
revenue as compared to its previous year and but has achieved remarkable
profit margin during the year. Rating takes into consideration, the healthy financial risk profile
marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track
record of business operation backed by its extensive experience of its
management team along with strong financial support from its holding entity. Payment seems to be regular. In view of aforesaid, the company can be considered for business
dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 24.04.2018
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
|
Name : |
Mr. Paresh Pawan |
|
Designation : |
Accountant Head |
|
Contact No.: |
91-22-400147300 |
|
Date : |
24.04.2018 |
LOCATIONS
|
Registered Office / Warehouse : |
401, Olympia, Hiranandani Gardens, Powai, Mumbai – 400076,
Maharashtra, India |
|
Tel. No.: |
91-22-40017300 / 40017353 |
|
Fax No.: |
91-22-40017333 |
|
E-Mail : |
|
|
Website : |
|
|
|
Owned |
|
|
Commercial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Atul Sudhakar Gupte |
|
Designation : |
Director |
|
Address : |
House J4, Phase 4, Marina Cove, 380 Hiram's Highway, Sai Kung, NA, Hong Kong |
|
Date of Birth/Age : |
31.01.1967 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
04.02.2015 |
|
DIN No.: |
00122400 |
|
|
|
|
Name : |
Mr. Deepak Kantilal Degadwala |
|
Designation : |
Director |
|
Address : |
72 Juhu Shangrila CHS Limited, |
|
Date of Birth/Age : |
18.04.1967 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
15.04.2010 |
|
DIN No.: |
01811195 |
|
|
|
|
Name : |
King Yan Ma |
|
Designation : |
Director |
|
Address : |
Flat No. 8, 7/F, Block J, Telford Gardens, Kowloon Bay, Hong Kong |
|
Date of Birth/Age : |
12.04.1982 |
|
Experience : |
Post Graduate |
|
Date of Appointment : |
01.08.2011 |
|
DIN No.: |
03626918 |
|
|
|
|
Name : |
Ho Yee Candy Tam |
|
Designation : |
Director |
|
Address : |
Flat No. E, 28/F, Block No. 7, Oscar by the Sea, No. 8 Pung Loi Road, Tseung Kwan O, New Territories, Hong Kong |
|
Date of Birth/Age : |
30.01.1974 |
|
Date of Appointment : |
01.08.2011 |
|
DIN No.: |
03626930 |
KEY EXECUTIVES
|
Name : |
Ms. Anita Vidyasagar Dube |
|
Designation : |
Company Secretary |
|
Address : |
7, Bhagyaswaroop CHS, Near Durga Mandir, Majiwada, Thane – 400601, Maharashtra, India |
|
Date of Birth/Age |
22.12.1981 |
|
Date of Appointment : |
18.07.2008 |
|
PAN No.: |
AJPPD9590E |
|
|
|
|
Name : |
Mr. Paresh Pawan |
|
Designation : |
Accountant Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Bernhard Schulte GmbH and Company, Germany |
50000 |
66.67 |
|
Rama Holdings (L) Limited, Malaysia |
25000 |
33.33 |
|
Total |
75000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20505687_MIRA%2024-Apr-2018_files/image006.gif)
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing ship management and marine consultancy services. (Registered activity and also confirmed by management) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash, Advance Payment and Cheque |
||||
|
|
|
||||
|
Purchasing : |
Cash, Advance Payment and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Marianpan marine Solutions Private Limited
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
04 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Lodha and Company Chartered Accountants |
|
Address : |
6, Karim Chambers, 40, Ambalal Doshi Marg, (Hamam Street), Mumbai –
400001, Maharashtra, India |
|
Tel. No.: |
91-22-22691414/22691515/40021140/40021414 |
|
Fax No.: |
91-22-22619963 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFL1893K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
Bernhard Schulte GmbH and Co.KG, Hamburg, Germany |
|
|
|
|
Associate
Enterprises : |
U63040MH1997PTC107134 |
|
|
|
|
Subsidiaries : |
U35110MH1992PTC066706
U61100MH2000PTC124110
U72300MH2012PTC236232
U72900MH2010PTC207711 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
INR 100/- each |
INR 7.500 Million |
|
1620000 |
Preference Shares |
INR 100/- each |
INR 162.000 Million |
|
|
Total |
|
INR 169.500 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
INR 100/-
each |
INR 7.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7.500 |
7.500 |
7.500 |
|
(b) Reserves and Surplus |
315.172 |
294.346 |
274.675 |
|
(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) |
322.672 |
301.846 |
282.175 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.121 |
0.000 |
0.000 |
|
(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) |
0.121 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
6.998 |
10.118 |
15.913 |
|
(c) Other
current liabilities |
7.621 |
7.200 |
7.276 |
|
(d) Short-term
provisions |
0.040 |
0.108 |
0.181 |
|
Total Current
Liabilities (4) |
14.659 |
17.426 |
23.370 |
|
|
|
|
|
|
TOTAL |
337.452 |
319.272 |
305.545 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
112.270 |
95.481 |
101.227 |
|
(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 |
5.300 |
5.300 |
5.300 |
|
(c) Deferred tax assets (net) |
0.000 |
0.526 |
0.071 |
|
(d)
Long-term loans and advances |
2.775 |
16.762 |
16.762 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
120.345 |
118.069 |
123.360 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
0.000 |
0.760 |
5.924 |
|
(d) Cash and
bank balances |
213.696 |
196.206 |
170.438 |
|
(e)
Short-term loans and advances |
0.608 |
1.852 |
0.784 |
|
(f) Other
current assets |
2.803 |
2.385 |
5.039 |
|
Total
Current Assets |
217.107 |
201.203 |
182.185 |
|
|
|
|
|
|
TOTAL |
337.452 |
319.272 |
305.545 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
24.251 |
30.821 |
52.030 |
|
|
Other Income |
67.827 |
66.351 |
60.761 |
|
|
TOTAL |
92.078 |
97.172 |
112.791 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
4.699 |
7.709 |
7.527 |
|
|
Other expenses |
28.432 |
32.865 |
52.266 |
|
|
TOTAL |
33.131 |
40.574 |
59.793 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
58.947 |
56.598 |
52.998 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
58.947 |
56.598 |
52.998 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.610 |
4.943 |
5.387 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
54.337 |
51.655 |
47.611 |
|
|
|
|
|
|
|
Less |
TAX |
8.512 |
6.417 |
8.157 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
45.825 |
45.238 |
39.454 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
611.00 |
603.00 |
526.05 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
86.052 |
69.730 |
13.636 |
|
Net cash flows from (used in) operating activities |
135.859 |
132.311 |
5.425 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
0.00 |
9.00 |
41.56 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
0.00 |
40.55 |
8.78 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.53 |
0.59 |
0.52 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.04 |
0.05 |
0.08 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.05 |
0.06 |
0.08 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.35 |
0.32 |
0.36 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
188.96 |
146.78 |
75.83 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
13.58 |
14.17 |
12.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
14.20 |
14.99 |
13.98 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
14.81 |
11.55 |
7.80 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
14.81 |
11.55 |
7.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.96 |
0.95 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
14.81 |
11.55 |
7.80 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
7.500 |
7.500 |
7.500 |
|
Reserves & Surplus |
274.675 |
294.346 |
315.172 |
|
Net
worth |
282.175 |
301.846 |
322.672 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
%20PRIVATE%20LIMITED%20-%20505687_MIRA%2024-Apr-2018_files/image007.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
52.030 |
30.821 |
24.251 |
|
|
0.000 |
(40.763) |
(21.317) |
%20PRIVATE%20LIMITED%20-%20505687_MIRA%2024-Apr-2018_files/image008.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
52.030 |
30.821 |
24.251 |
|
Profit/ (Loss) |
39.454 |
45.238 |
45.825 |
|
|
75.83
% |
146.78
% |
188.96
% |
%20PRIVATE%20LIMITED%20-%20505687_MIRA%2024-Apr-2018_files/image009.gif)
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
7.500 |
7.500 |
|
(b) Reserves and Surplus |
|
506.417 |
448.998 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
513.917 |
456.498 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
124.831 |
68.722 |
|
(c) Other
current liabilities |
|
85.837 |
92.152 |
|
(d) Short-term
provisions |
|
21.859 |
11.604 |
|
Total Current
Liabilities (4) |
|
232.527 |
172.478 |
|
|
|
|
|
|
TOTAL |
|
746.444 |
628.976 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
144.461 |
127.972 |
|
(ii)
Intangible Assets |
|
0.375 |
0.311 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
18.735 |
12.297 |
|
(c) Deferred tax assets (net) |
|
14.356 |
9.474 |
|
(d)
Long-term loans and advances |
|
22.190 |
19.778 |
|
(e) Other
Non-current assets |
|
0.368 |
0.368 |
|
Total Non-Current
Assets |
|
200.485 |
170.200 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
42.602 |
0.929 |
|
(d) Cash and
bank balances |
|
356.816 |
312.816 |
|
(e)
Short-term loans and advances |
|
142.963 |
142.158 |
|
(f) Other
current assets |
|
3.578 |
2.873 |
|
Total
Current Assets |
|
545.959 |
458.776 |
|
|
|
|
|
|
TOTAL |
|
746.444 |
628.976 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
737.588 |
680.892 |
|
|
Other Income |
|
20.244 |
21.063 |
|
|
TOTAL |
|
757.832 |
701.955 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
|
492.436 |
442.032 |
|
|
CSR expenditure |
|
0.378 |
0.383 |
|
|
Other expenses |
|
129.800 |
131.234 |
|
|
TOTAL |
|
622.614 |
573.649 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
135.218 |
128.306 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
135.218 |
128.306 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
17.087 |
20.832 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
118.131 |
107.474 |
|
|
|
|
|
|
|
Less |
TAX |
|
41.960 |
33.134 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD FROM CONTINUING OPERATIONS |
|
76.171 |
74.340 |
|
|
|
|
|
|
|
|
Share of profit (loss) of associates |
|
6.438 |
6.841 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD |
|
82.609 |
81.181 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
1101.00 |
1082.00 |
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
HIGHLIGHTS OF THE
PERFORMANCE
The profit before tax of the Company for the year ended 31st March, 2016 is INR 54.337 Million as compared to INR 51.655 Million for the previous year.
The profit after tax of the Company for the year ended 31st March, 2016 is INR 45.825 Million as compared to INR 45.238 Million for the previous year.
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Other money for which company is contingently liable |
1.295 |
1.295 |
FIXED ASSETS
- Buildings
- Furniture and fixtures
- 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 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 66.01 |
|
|
1 |
INR 92.72 |
|
Euro |
1 |
INR 81.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
RBY |
|
|
|
|
Analysis Done by
: |
NSR |
|
|
|
|
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.