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|
|
MIRA INFORM REPORT
|
Report No. : |
505426 |
|
Report Date : |
26.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MEHTA CAD CAM SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4 and 5 2nd Floor, Sumel Complex, Opposite GNFC Info Tower, Sarkhej
Gandhinagar Road, Ahmedabad – 380059, Gujarat |
|
Tel. No.: |
91-79-26840551 |
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Country : |
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|
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
06.06.2000 |
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|
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|
Com. Reg. No.: |
04-038163 |
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Capital
Investment / Paid-up Capital : |
INR 3.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200GJ2000PTC038163 |
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|
|
|
TIN No.: |
24073000395 |
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|
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IEC No.: [Import-Export Code No.] |
0801005574 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AACCM4397B |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AACCM4397B1ZO |
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|
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|
Legal Form : |
Private Limited Liability Company. |
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|
|
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Line of Business
: |
Manufacturer, Exporter and Trader of Printing and Signage Machineries
and related business. Importer of Raw Material. (Registered activity and also
Confirmed by management) |
|
|
|
|
No. of Employees
: |
465 (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 |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2000 and it
is having satisfactory track. For the financial year 2017, the company has increased in its revenue
from operations as compared to previous year but maintained decent profitability
margin of 1.04%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and average debt balance sheet. Further, rating also derives strength from its long track record of
business operations and improvement in the revenue as well as profitability
profile during the year. Trade relations are reported as fair. Business is active. Payment
terms are 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name 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 26.04.2018
IBBI (Insolvency and Bankruptcy Board of
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 |
|
Designation : |
Chief Accounts Manager |
|
Contact No.: |
91-79-2684055 |
|
Date : |
20.04.2018 |
LOCATIONS
|
Registered Office / Head Office / Factory 1 : |
4 and 5 2nd Floor, Sumel Complex, Opposite GNFC Info Tower, Sarkhej Gandhinagar
Road, Ahmedabad – 380059, Gujarat, India |
|
Tel. No.: |
91-79-26840551 / 26840552 / 26840553 / 66106010 |
|
Mobile No.: |
91-9227678044 (Mr. Shailesh) |
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Fax No.: |
91-79-26840554 / 6 |
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E-Mail : |
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Website : |
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Factory 2 : |
Plot No 3, Road No 1, Kathwada GIDC, Kathwada, Ahmedabad – 382430, |
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Branches : |
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Overseas Offices : |
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DIRECTORS
As on 31.03.2017
|
Name : |
Ms. Sangita Shailesh Mehta |
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|
Designation : |
Director |
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Address : |
B/2, Shauhad Apartment, Near Hinu Colony,
Navrangpura, Ahmedabad – 380 015, |
||||||||||||
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Date of Birth/Age : |
13.12.1970 |
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Date of Appointment : |
06.06.2000 |
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DIN No.: |
00994441 |
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Other Directorship:
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||||||||||||
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Name : |
Mr. Shailesh Narayanchandra Mehta |
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Designation : |
Director |
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Address : |
B/2, Shauhad Apartment, Near Hinu Colony,
Navrangpura, Ahmedabad – 380 015, |
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Date of Birth/Age : |
28.07.1967 |
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Date of Appointment : |
06.06.2000 |
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DIN No.: |
00994497 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Paresh |
|
Designation : |
Chief Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Shailesh Narayanchand Mehta |
|
57896 |
|
Sangita Shailesh Mehta |
|
98105 |
|
Riya Shailesh Mehta |
|
44366 |
|
Raj Shailesh Mehta |
|
4500 |
|
Shailesh N. Mehta HUF |
|
7501 |
|
Spectron Lasers Private Limited, India |
|
87632 |
|
|
|
|
|
Total |
|
300000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
70.80 |
|
Promoter - Bodies
corporate |
29.21 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Trader of Printing and Signage Machineries and
related business. Importer of Raw Material. (Registered activity and also
Confirmed by management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw material |
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Countries : |
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Terms : |
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Selling : |
Advance Payment, L/C and Cheque |
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Purchasing : |
Advance Payment, L/C and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End users
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No. of Employees : |
465 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Shaikh and Company Chartered Accountants |
|
Address : |
448, 4th Floor, Sakar - VII, Patang Hotel, Ashram Road, Ahmedabad – 380009, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
CGYPS1800A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates: |
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Relatives of KMP: |
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CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
INR 10/- each |
INR 3.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
INR 10/- each |
INR 3.000 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 |
3.000 |
3.000 |
3.000 |
|
(b) Reserves & Surplus |
64.796 |
60.298 |
58.427 |
|
(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) |
67.796 |
63.298 |
61.427 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
16.940 |
5.519 |
5.735 |
|
(b) Deferred tax liabilities
(Net) |
0.888 |
0.584 |
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) |
17.828 |
6.103 |
5.735 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
58.645 |
27.218 |
13.149 |
|
(b) Trade payables |
24.622 |
19.065 |
9.935 |
|
(c) Other current liabilities |
34.648 |
23.013 |
13.285 |
|
(d) Short-term provisions |
5.072 |
1.872 |
0.696 |
|
Total
Current Liabilities (4) |
122.987 |
71.168 |
37.065 |
|
|
|
|
|
|
TOTAL |
208.611 |
140.569 |
104.227 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
22.201 |
11.210 |
9.856 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) 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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.858 |
|
(d) Long-term Loan and Advances |
2.323 |
1.813 |
1.478 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
24.524 |
13.023 |
12.192 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
101.138 |
85.150 |
44.785 |
|
(c) Trade receivables |
48.904 |
25.037 |
29.404 |
|
(d) Cash and cash equivalents |
7.123 |
5.403 |
7.778 |
|
(e) Short-term loans and
advances |
14.567 |
5.338 |
3.677 |
|
(f) Other current assets |
12.355 |
6.618 |
6.391 |
|
Total
Current Assets |
184.087 |
127.546 |
92.035 |
|
|
|
|
|
|
TOTAL |
208.611 |
140.569 |
104.227 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
433.250 |
301.054 |
168.067 |
|
|
Other Income |
2.231 |
0.519 |
3.630 |
|
|
TOTAL
|
435.481 |
301.573 |
171.697 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
137.995 |
76.542 |
42.835 |
|
|
Purchases of Stock-in-Trade |
168.351 |
156.258 |
81.185 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
7.974 |
(22.112) |
(4.203) |
|
|
Employees benefits expense |
48.434 |
31.070 |
19.834 |
|
|
Other expenses |
57.475 |
49.952 |
23.071 |
|
|
TOTAL |
420.229 |
291.710 |
162.722 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
15.252 |
9.863 |
8.975 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.408 |
4.218 |
2.437 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
7.844 |
5.645 |
6.538 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1.624 |
1.274 |
1.840 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
6.220 |
4.371 |
4.698 |
|
|
|
|
|
|
|
Less |
TAX |
1.722 |
2.500 |
(1.475) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
4.498 |
1.871 |
6.173 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
4.084 |
3.781 |
1.267 |
|
|
TOTAL
EARNINGS |
4.084 |
3.781 |
1.267 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
234.494 |
189.489 |
88.384 |
|
|
TOTAL
IMPORTS |
234.494 |
189.489 |
88.384 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
14.99 |
6.24 |
20.58 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
630.000 |
|
|
|
(Due to business
growth) |
|
The above information has been parted by Mr. Paresh (Chief Accounts
Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.493 |
0.673 |
0.135 |
|
Cash generated from operations |
9.426 |
4.245 |
NA |
|
Net cash flow from operating activity |
8.007 |
3.189 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
41.20 |
30.36 |
63.86 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.86 |
12.02 |
5.72 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
29.34 |
29.89 |
29.24 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.15 |
0.12 |
0.20 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.69 |
0.88 |
0.91 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.68 |
0.55 |
0.41 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.14 |
0.53 |
0.31 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.81 |
1.12 |
0.60 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.33 |
0.18 |
0.16 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.06 |
2.34 |
3.68 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
1.04 |
0.62 |
3.67 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.16 |
1.33 |
5.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
6.63 |
2.96 |
10.05 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.50 |
1.79 |
2.48 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.67 |
0.60 |
1.27 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.32 |
0.45 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
25.69 |
11.14 |
6.34 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.50 |
1.79 |
2.48 |
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 |
3.000 |
3.000 |
3.000 |
|
Reserves & Surplus |
58.427 |
60.298 |
64.796 |
|
Net
worth |
61.427 |
63.298 |
67.796 |
|
|
|
|
|
|
Long Term borrowings |
5.735 |
5.519 |
16.940 |
|
Short Term borrowings |
13.149 |
27.218 |
58.645 |
|
Current Maturities of Long term debt |
0.135 |
0.673 |
1.493 |
|
Total
borrowings |
19.019 |
33.410 |
77.078 |
|
Debt/Equity
ratio |
0.310 |
0.528 |
1.137 |
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
|
168.067 |
301.054 |
433.250 |
|
|
|
79.127 |
43.911 |
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
|
168.067 |
301.054 |
433.250 |
|
Profit |
6.173 |
1.871 |
4.498 |
|
|
3.67% |
0.62% |
1.04% |
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 |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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 |
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 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and Advances from Directors |
3.111 |
2.284 |
|
Loans and Advances from Relatives |
6.125 |
2.051 |
|
Long Term Borrowings from Shareholders |
0.140 |
0.000 |
|
|
|
|
|
Total |
9.376 |
4.335 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G35096247 |
100075867 |
SIDBI |
03/02/2017 |
- |
- |
6500000.0 |
NAVJEEVAN AMRIT JAYANTI BHAVAN, 1ST FLOOR,P.B. NO. 10, NAVJIVAN POST OFFICE,AHMEDABADGJ380014IN |
|
2 |
G71704753 |
10177221 |
Standard Chartered Bank |
01/10/2009 |
12/12/2017 |
- |
97100000.0 |
Abhijeet II,Ground floorNear Mithakhali Six Roads,AHMEDABADGJ380006IN |
|
3 |
B57602922 |
10177122 |
Standard Chartered Bank |
24/08/2009 |
14/08/2012 |
- |
220000000.0 |
BUSINESS EMPIREGYMKHANA ROAD,RAJKOTGJ360002IN |
|
4 |
A77439412 |
10003521 |
SYNDICATE BANK |
21/04/2006 |
22/01/2008 |
28/01/2010 |
46000000.0 |
ASHRAM ROAD BRANCHASHRAM ROADAHMEDABADGJ380006IN |
|
5 |
A77439149 |
90105342 |
SYNDICATE BANK |
21/02/2004 |
- |
28/01/2010 |
3400000.0 |
ASHRAM ROADAHMEDABADGJIN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against the company not acknowledged as debt |
4.026 |
1.579 |
FIXED ASSETS
- Buildings
- Plant and Machinery
- Furniture and Fittings
- Motor Vehicles
- Office Equipment
- Computers
- Electrical Installations and Equipment
- Land
- Furniture and Fitiings
- Office Equipment
- 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,
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 66.23 |
|
|
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
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 |
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.