|
|
|
MIRA INFORM REPORT
|
Report No. : |
505753 |
|
Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
CREST COMPOSITES AND PLASTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 609, Village Shetra District Kheda, Ahmedabad – 387560,
Gujarat |
|
Tel. No.: |
91-2694-281351 / 281694 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
22.09.1989 |
|
|
|
|
Com. Reg. No.: |
04-012778 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 14.925 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209GJ1989PTC012778 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0895007321 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC6333R |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAACC6333R1ZF |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Plastic products. [Registered Activity and also Confirmed by
management] |
|
|
|
|
No. of Employees
: |
200 (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 820000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1989 and is a manufacturer
of plastic products. For the
financial year ended 2017, the company has achieved 37.52% growth in its
revenue as compared to the previous year along with an average profit margin
of 3.97% The sound
financial risk profile of the company is marked by adequate net worth base
along with average debt coverage indicators due to low debt balance sheet
profile. Rating
takes into account the subject’s long established track record of business
operations along with extensive experience of its promoters. Payment
seems to be usually correct. In view
of aforesaid, the company can be considered for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
CRISIL |
|
Rating |
Long term Borrowing = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
26.04.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Borrowing = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
26.04.2017 |
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
31-03-2018.
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. Ashok Gevariya |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9428362585 |
|
Date : |
24.04.2018 |
LOCATIONS
|
Registered Office/ Research Centre/ Factory 1 : |
Survey No. 609, Village Shetra District Kheda, Ahmedabad – 387560,
Gujarat, India |
|
Tel. No.: |
91-2694-281351 / 281694 |
|
Mobile No.: |
91-9428362585 / 9925001562 (Mr. Ashok Gevariya) 91-7573032001 (Mr. Ritesh Tiwari) 91-9909944547 (Admin Department) 91-7573002338 (HR Department) |
|
Fax No.: |
91-2694-281352 |
|
E-Mail : |
|
|
Website: |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Corporate Office / Marketing Office : |
808, Abhushree Adriot, Near Mansi Circle, Vastrapur, Ahmedabad-
380054, Gujarat, India |
|
Tel. No.: |
91-79-65121758 |
|
Fax No.: |
91-79-66610991 |
|
|
|
|
Factory 2 (Karnataka) : |
Plot No. 552 (B) and 558 (C), Belur Industrial Area, Village Belur, Taluka
and District-Dharwad, Karnataka, India |
|
|
|
|
Sales: |
Located At: · Ahmedabad · Bangalore · Karnataka · Delhi · Chennai |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Raja Gopal Rangachari |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
502, Kanha, Parthsarathy Avenue, 132 FT Ring Road, Satellite,
Ahmedabad – 380015, Gujarat, India |
||||||||||||||||||||
|
Date of Birth/Age : |
30.12.1952 |
||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
01.07.2005 |
||||||||||||||||||||
|
PAN No.: |
ADYPR4650A |
||||||||||||||||||||
|
DIN No.: |
00118219 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Ranjitbhai Bimlendo Sen |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
G-44, Satellite Appartment, Jaodhpur 4 Road Crossing, Satellite,
Ahmedabad – 280015, Gujarat, India |
||||||||||||||||||||
|
Date of Birth/Age : |
28.08.1958 |
||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
22.09.1989 |
||||||||||||||||||||
|
PAN No.: |
AKGPS2030L |
||||||||||||||||||||
|
DIN No.: |
00471492 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Susantkumar Pramanik |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
C/502, Sagun Caasa, Opposites Viraj Vihar Towers, Satellite, Ahmedabad
– 380015, Gujarat, India |
||||||||||||||||||||
|
Date of Birth/Age : |
10.10.1972 |
||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
02.02.2007 |
||||||||||||||||||||
|
PAN No.: |
AJRPP9555D |
||||||||||||||||||||
|
DIN No.: |
01276292 |
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Prakash Ramesh Udeshi |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
6, Shridhar IX, Near Mann Party Plot, Bodadev, Ahmedabad – 380054,
Gujarat, India |
||||||||||||||||||||
|
Date of Appointment : |
05.10.2006 |
||||||||||||||||||||
|
PAN No.: |
AAJHP9228C |
||||||||||||||||||||
|
DIN No.: |
01619756 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Giovanni Scocco |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
Via Privata Bernardino Zendrini, 16, 20147 Milano MI, Italy |
||||||||||||||||||||
|
Date of Appointment : |
21.04.2017 |
||||||||||||||||||||
|
DIN No.: |
07764984 |
||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ashok Gevariya |
|
Designation : |
Finance Manager |
|
|
|
|
Name : |
Mr. Ritesh Tiwari |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ranjit Sen |
|
68213 |
|
Ashutosh Vaidya |
|
8349 |
|
Sunanda Bose |
|
11830 |
|
Surjit Sen |
|
2761 |
|
Suhita Sinha |
|
328 |
|
Sukhendu Dasgupta |
|
200 |
|
Suparna Sen |
|
3940 |
|
Ashok Sharma |
|
4760 |
|
S B Sharma |
|
180 |
|
V L Gadre |
|
1 |
|
R R Gopal |
|
7598 |
|
Susantkumar Pramanik |
|
500 |
|
Gayatri Sen |
|
590 |
|
Ami Udeshi |
|
3000 |
|
Saraswati Pramanik |
|
7000 |
|
Benasedo Spa |
|
30000 |
|
|
|
|
|
Total |
|
149250 |
After 21.04.2017
|
Names of Allottees |
|
No. of Shares |
|
Ranjit B. Sen |
|
68214 |
|
Ashutosh Vaidya |
|
8349 |
|
Sunanda Bose |
|
11830 |
|
Surjit Sen |
|
2761 |
|
Suhita Sinha |
|
328 |
|
Sukhendu Dasgupta |
|
200 |
|
Suparna Sen |
|
3940 |
|
Rajagopal Rangachari |
|
7598 |
|
Susantkumar Pramanik |
|
500 |
|
Gayatri Sen |
|
590 |
|
Ami Udeshi |
|
3000 |
|
Saraswati Pramanik |
|
7000 |
|
Benasedo Spa |
|
30000 |
|
Ranjit Sen |
|
4940 |
|
|
|
|
|
Total |
|
149250 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
62.72 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
17.18 |
|
Public - Bodies corporate |
20.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Plastic products. [Registered Activity and also Confirmed by
management] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C and Cheque |
||||
|
|
|
||||
|
Purchasing : |
L/C and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
Manufacturer
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Milind a. Joshi and Associates Chartered Accountants |
|
Address : |
Ahmedabad, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AFZPJ0909F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
After 25.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
INR 100/- each |
INR 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
298500 |
Equity Shares |
INR 100/- each |
INR 29.850 Million |
|
|
|
|
|
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
INR 100/- each |
INR 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
149250 |
Equity Shares |
INR 100/- each |
INR 14.925 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
14.925 |
14.925 |
14.925 |
|
(b) Reserves and Surplus |
244.126 |
180.046 |
131.498 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
28.995 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
288.046 |
194.971 |
146.423 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
104.804 |
55.933 |
65.525 |
|
(b) Deferred tax liabilities (Net) |
12.509 |
7.315 |
5.358 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
2.527 |
1.330 |
1.158 |
|
Total Non-current
Liabilities (3) |
119.840 |
64.578 |
72.041 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
187.430 |
127.894 |
113.517 |
|
(b) Trade
payables |
421.311 |
319.645 |
294.221 |
|
(c) Other
current liabilities |
61.471 |
48.179 |
25.654 |
|
(d) Short-term
provisions |
15.449 |
8.552 |
18.674 |
|
Total Current
Liabilities (4) |
685.661 |
504.270 |
452.066 |
|
|
|
|
|
|
TOTAL |
1093.547 |
763.819 |
670.530 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
213.129 |
137.714 |
134.853 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.527 |
|
(iii) Tangible assets
capital work-in-progress |
20.497 |
21.506 |
1.342 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.790 |
0.128 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.377 |
0.595 |
|
Total Non-Current
Assets |
234.416 |
159.725 |
137.317 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
191.181 |
115.894 |
94.228 |
|
(c) Trade
receivables |
603.584 |
435.767 |
343.647 |
|
(d) Cash and
bank balances |
23.529 |
24.429 |
57.553 |
|
(e) Short-term
loans and advances |
40.837 |
28.004 |
37.785 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
859.131 |
604.094 |
533.213 |
|
|
|
|
|
|
TOTAL |
1093.547 |
763.819 |
670.530 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1843.339 |
1340.410 |
1269.639 |
|
|
Other Income |
2.917 |
2.539 |
1.832 |
|
|
TOTAL |
1846.256 |
1342.949 |
1271.471 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1471.074 |
1060.619 |
1060.133 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(12.230) |
(4.828) |
(9.386) |
|
|
Employee benefit expense |
74.215 |
57.855 |
32.296 |
|
|
Other expenses |
153.595 |
112.362 |
100.686 |
|
|
TOTAL |
1686.654 |
1226.008 |
1183.729 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
159.602 |
116.941 |
87.742 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
32.555 |
22.790 |
22.470 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
127.047 |
94.151 |
65.272 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
24.549 |
18.323 |
21.929 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
102.498 |
75.828 |
43.343 |
|
|
|
|
|
|
|
Less |
TAX |
29.294 |
19.857 |
11.191 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
73.204 |
55.971 |
32.152 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
490.47 |
37.50 |
21.54 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
2750.000 |
|
|
|
|
|
Expected Sales (2018-2019) : INR 3600.000 Million (Approximately)
The above information has been parted by Mr. Ashok Gevariya (Finance
Manager)
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 |
40.737 |
36.482 |
85.493 |
|
Net cash flows from (used in) operating activities |
16.637 |
18.269 |
74.646 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
119.52 |
118.66 |
98.79 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.05 |
3.08 |
3.69 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors / Purchases
* 365] |
|
104.53 |
110.00 |
101.30 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.83 |
1.01 |
0.93 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.68 |
0.73 |
0.64 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.72 |
0.73 |
0.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.01 |
0.94 |
1.22 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
2.38 |
2.59 |
3.09 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.81 |
0.82 |
0.93 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
4.90 |
5.13 |
3.90 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
3.97 |
4.18 |
2.53 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
6.69 |
7.33 |
4.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
25.41 |
28.71 |
21.96 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.25 |
1.20 |
1.18 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.97 |
0.97 |
0.97 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.26 |
0.26 |
0.22 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
19.58 |
12.32 |
12.00 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.25 |
1.20 |
1.18 |
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 |
14.925 |
14.925 |
14.925 |
|
Reserves & Surplus |
131.498 |
180.046 |
244.126 |
|
Net
worth |
146.423 |
194.971 |
288.046 |
|
|
|
|
|
|
Long-term borrowings |
65.525 |
55.933 |
104.804 |
|
Short term borrowings |
113.517 |
127.894 |
187.430 |
|
Total
borrowings |
179.042 |
183.827 |
292.234 |
|
Debt/Equity
ratio |
1.223 |
0.943 |
1.015 |
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 |
1269.639 |
1340.410 |
1843.339 |
|
|
|
5.574 |
37.521 |
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 |
1269.639 |
1340.410 |
1843.339 |
|
Profit/ (Loss) |
32.152 |
55.971 |
73.204 |
|
|
|
4.18
% |
3.97
% |
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 |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from D-4, Harekrishna Estate, Narol, Ahmedabad – 382405, Gujarat, India
to the present address w.e.f. 16.09.1991.
STATE OF THE
COMPANY’S AFFAIRS / OPERATIONS
The Company’s performance during the financial year under report has increased in terms of production, sales quantity as well as turnover.
With about 21.06% and 97.92% growth in Revenue at the Kheda and Dharwad Unit respectively. The Revenue of the Company as on 31st March 2017 is INR 1843.339 Million has been increased by INR 502.930 Million (37.52%) as compared to previous year.
Total expenditure for the period ended as at 31st March 2017 amounted to INR 1743.759 Million increased by INR 476.638 Million (37.62%) as compared to previous year.
Profit for the year ended on 31st March 2017 amounted to INR 73.204 Million has increased by INR 17.233 Million (30.79%) as compared to the previous year.
The credit balance of taxation expense (including deferred tax) for the year ended 31st March 2017 is INR 29.294 Million.
The overall growth in the composite industry was more compared to previous years. Your Company could however increase its market share on account of its unique and consistent products and increased customer base.
The recent market research report published states that booming construction industry, especially in the developing regions of the world, will enable the global unsaturated polyester resin market to expand steadily.
There are no complaints filed with the Company pursuant to The Sexual Harassment of Women at workplace (Prevention Prohibition and Redressal Act 2013.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
5.757 |
14.533 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Rupee term loans from banks |
0.170 |
20.140 |
|
|
|
|
|
Total |
5.927 |
34.673 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G50674951 |
100116327 |
ORIENTAL BANK OF COMMERCE |
05/08/2017 |
- |
- |
63000000.0 |
NEELKAMAL BUILDING, OPP SALES INDIAASHRAM ROADAHMEDABADGJ387560IN |
|
2 |
G04237426 |
100028616 |
ORIENTAL BANK OF COMMERCE |
30/04/2016 |
- |
- |
73500000.0 |
G-2, SAMEDH NEAR ASSOCIATED PETROAL PUMPC G ROADAHMEDABADGJ380006IN |
|
3 |
C48521603 |
10558328 |
ORIENTAL BANK OF COMMERCE |
25/03/2015 |
- |
- |
15000000.0 |
G-2, SAMEDH, NEAR ASSOCIATED PETROL PUMPC G ROADAHMEDABADGJ380006IN |
|
4 |
C34745620 |
10533147 |
Kotak Mahindra Bank Limited |
28/11/2014 |
- |
- |
7900000.0 |
27BKC, C 27, Block G, Bandra Kurla Complex,Bandra (East)MumbaiMH400051IN |
|
5 |
G50673581 |
10011734 |
ORIENTAL BANK OF COMMERCE |
14/08/2006 |
10/08/2017 |
- |
504300000.0 |
NEELKAMAL BUILDING, OPP SALES INDIAASHRAM ROADAHMEDABADGJ387560IN |
|
6 |
G50633528 |
10011732 |
ORIENTAL BANK OF COMMERCE |
19/07/2006 |
05/08/2017 |
- |
339000000.0 |
NEELKAMAL BUILDING, OPP SALES INDIAASHRAM ROADAHMEDABADGJ387560IN |
|
7 |
G61849642 |
10471522 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
15/01/2014 |
- |
16/10/2017 |
25800000.0 |
NAVJIVAN AMRIT JAYANTI BHAVAN1ST FLOOR, NAVJIVAN POSTAHMEDABADGJ380009IN |
|
8 |
G61854584 |
10456930 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
29/10/2013 |
- |
16/10/2017 |
8000000.0 |
NAVJIVAN AMRIT JAYANTI BHAVAN1ST FLOOR, NAVJIVAN POSTAHMEDABADGJ380009IN |
|
9 |
C40812232 |
10011733 |
ORIENTAL BANK OF COMMERCE |
19/07/2006 |
- |
24/12/2014 |
9500000.0 |
G-2,SAMEDH,NEAR ASSOCIATED PETROL PUMPC.G.ROADAHMEDABADGJ380006IN |
|
10 |
A03028735 |
90095350 |
BANK OF INDIA |
21/11/2003 |
29/06/2006 |
11/08/2006 |
24750000.0 |
PANCHVATI BRANCH NR. PANCHVATI CIRCLEAMBAWADI ELLIBRIDGEAHMEDABADGJ380006IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Know-how
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 66.23 |
|
|
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
PON |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KJL |
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.