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MIRA INFORM REPORT
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Report No. : |
506580 |
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Report Date : |
28.04.2018 |
IDENTIFICATION DETAILS
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Name : |
3D TECHNOPACK PRIVATE LIMITED (w.e.f. 27.07.2017) |
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Formerly Known
As : |
3D TECHNOPACK LIMITED (w.e.f. 30.08.2005) VORA PACKAGING LIMITED (w.e.f.26.09.2003) VORA PACKAGING PRIVATE LIMITED VORA CORK INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
Unit No 1, 8th Floor, Lodha Supremus I Think Techno Campus,
Supremus-III, Kanjurmarg [East], Mumbai-400042, |
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Tel. No.: |
91-22-61805310/ 5300 |
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Country : |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
05.09.1986 |
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Com. Reg. No.: |
11-040844 |
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Capital Investment
/ Paid-up Capital : |
INR 474.782 Million |
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CIN No.: [Company Identification
No.] |
U29100MH1986PTC040844 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACV0142R |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACV0142R1Z3 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Manufacturer, Exporter and Dealer of Seamless Plastic Tubes and Packaging Materials. [Confirmed by Management] Manufacturer of Extruded Seamless Plastic Tubes in
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No. of Employees
: |
550 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1986 and is engaged manufacturing and dealing in seamless plastic tubes and packaging materials. For the financial year ended 2017, the company has reported decline in its revenue as compared to previous year and has incurred operational loss. The moderate financial profile of the company is marked by negative reserve base along with negligible debt level. However, rating weakness is partially offset by the subject’s long established track record of business operations along with extensive experience of its promoters. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution. |
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 |
CRISIL |
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Rating |
Long Term = BB+ |
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Rating Explanation |
Moderate risk of default |
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Date |
31.03.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 28.04.2018
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. Kumar Randhir Ashar |
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Designation : |
Managing Director |
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Contact No.: |
91-9820775853 |
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Date : |
26.04.2018 |
[91-22-24012239] Wrong number
LOCATIONS
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Registered Office : |
Unit No 1, 8th Floor, Lodha Supremus I Think Techno Campus,
Supremus-III, Kanjurmarg [East], Mumbai-400042, |
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Tel. No.: |
91-22-61805310/ 5300 |
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Mobile No.: |
91-9820775853 (Mr. Kumar Randhir Ashar) |
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Fax No.: |
91-22-61805318 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Industrial |
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Factory : |
Survey No. B/1, |
DIRECTORS
AS ON: 31.03.2017
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Name : |
Mr. Manoj Tarachand Mohanka |
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Designation : |
Director |
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Address : |
9, Lovelock Palace, 4th Floor, Flat No. 4C, Kolkata – 700019, West |
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Date of Birth/Age : |
05.03.1963 |
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Qualification: |
B.Com (Hons.) Master of Science (Strategic Marketing) |
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Date of Appointment : |
31.03.2003 |
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PAN No.: |
AEXPM3719F |
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DIN No : |
00128593 |
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Name : |
Mr. Bharat Bhagwandas Kewalramani |
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Designation : |
Director |
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Address : |
252-A, |
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Date of Birth/Age : |
03.03.1960 |
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Qualification: |
M.B.A ( |
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Date of Appointment : |
27.02.2008 |
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PAN No.: |
AAUPK4715G |
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DIN No : |
00772687 |
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Name : |
Mr. Cyrus Adi Bagwadia |
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Designation : |
Director |
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Address : |
A – 10, Rustom Baug, Byculla, Mumbai – 400027, |
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Date of Birth/Age : |
24.01.1947 |
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Qualification: |
Bachelor in Polymers, MBA |
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Date of Appointment : |
10.11.2008 |
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PAN No.: |
AAFPB6661B |
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DIN No : |
01565989 |
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Name : |
Mr. Rajeev Antony |
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Designation : |
Director |
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Address : |
31, Ambili Nagar, Tripunithura, Ernakulam-682301, |
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Date of Appointment : |
25.010.2017 |
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DIN No : |
02666380 |
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Name : |
Mr. Kumar Randhir Ashar |
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Designation : |
Managing Director |
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Address : |
Flat No 201, Calendula, Highland Residency, Dhokali, |
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Date of Birth/Age : |
28.08.1978 |
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Qualification: |
B. Com |
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Date of Appointment : |
16.01.2015 |
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PAN No.: |
AFXPA3588H |
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DIN No : |
07011541 |
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Name : |
Markus Peter Aegler |
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Designation : |
Director |
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Address : |
Bergtalstrasse 4, |
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Date of Appointment : |
25.10.2017 |
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DIN No : |
07736347 |
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Name : |
Stefan Pulfer |
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Designation : |
Director |
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Address : |
Asterweg 22, |
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Date of Appointment : |
25.10.2017 |
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DIN No : |
07736391 |
KEY EXECUTIVES
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Name : |
Mr. Harshili Harish Chogle |
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Designation : |
Secretary |
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Address : |
D-305, God’s Gift CHS, N. M. Joshi Marg, Lower Parel
(West), Mumbai-400013, |
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Date of Appointment : |
01.04.2017 |
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PAN No.: |
AOOPC0288E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 29.12.2017
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Equity Share Breakup |
Percentage of Holding |
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Category |
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Promoters – Individual/ Hindu Undivided Family – Indian |
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Promoters – Body Corporate |
39.27 |
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Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
41.86 |
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Public/Other than promoters – Individual/ Hindu Undivided Family – Foreign national (other than NRI |
5.14 |
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Public/Other than promoters - Body Corporate |
13.73 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
· Manufacturing and Dealing in Seamless Plastic Tubes and Packaging Materials. [Confirmed by Management] Manufacturer of Extruded Seamless Plastic Tubes in
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
European Countries |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· European Countries |
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Terms : |
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Selling : |
Advance Payment, L/C, Cheque and Others [RTGS] |
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Purchasing : |
Advance Payment, L/C, Cheque and Others [RTGS] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturers
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No. of Employees : |
550 (Approximately) |
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Bankers : |
· The Saraswat Cooperative Bank Limited Kotak Mahindra Bank Limited |
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Facilities : |
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Financial Institution: |
Tata Capital Financial Services Limited |
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Auditors : |
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Name : |
CNK and Associates LLP Chartered Accountants |
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Address : |
Narain
Chambers, 5th Floor, |
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PAN No.: |
AACFC8587E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary
company: |
3D Packaging FZE |
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Associate
company: |
Virtual Machine Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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48000000 |
Equity Shares |
INR 10/- each |
INR 480.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
47478223 |
Equity Shares |
INR 10/- each |
INR 474.782
Million |
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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 |
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(1)Shareholders' Funds |
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(a) Share Capital |
474.782 |
474.635 |
474.635 |
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(b) Reserves and Surplus |
(337.668) |
(331.642) |
(277.171) |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’
Funds (1) + (2) |
137.114 |
142.993 |
197.464 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
90.832 |
132.511 |
129.566 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term
provisions |
12.278 |
10.781 |
9.040 |
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Total Non-current
Liabilities (3) |
103.110 |
143.292 |
138.606 |
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(4)
Current Liabilities |
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(a) Short-term
borrowings |
174.854 |
193.449 |
174.137 |
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(b) Trade
payables |
94.751 |
89.946 |
68.280 |
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(c) Other
current liabilities |
77.886 |
63.350 |
34.146 |
|
(d) Short-term
provisions |
1.900 |
2.521 |
2.429 |
|
Total Current
Liabilities (4) |
349.391 |
349.266 |
278.992 |
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|
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TOTAL |
589.615 |
635.551 |
615.062 |
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II.
ASSETS |
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(1)
Non-current assets |
|
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(a) Fixed
Assets |
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|
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(i)
Tangible assets |
318.467 |
305.012 |
354.741 |
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(ii)
Intangible Assets |
1.437 |
1.659 |
2.570 |
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(iii) Tangible assets
capital work-in-progress |
0.000 |
65.835 |
1.529 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.026 |
0.026 |
0.026 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
43.905 |
25.953 |
30.434 |
|
(e) Other
Non-current assets |
3.109 |
0.862 |
0.000 |
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Total Non-Current
Assets |
366.944 |
399.347 |
389.300 |
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|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
57.892 |
66.302 |
77.717 |
|
(c) Trade
receivables |
135.396 |
139.109 |
116.161 |
|
(d) Cash and
bank balances |
16.502 |
14.895 |
19.543 |
|
(e)
Short-term loans and advances |
9.721 |
11.108 |
7.793 |
|
(f) Other
current assets |
3.160 |
4.790 |
4.548 |
|
Total
Current Assets |
222.671 |
236.204 |
225.762 |
|
|
|
|
|
|
TOTAL |
589.615 |
635.551 |
615.062 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
737.616 |
738.909 |
605.213 |
|
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Other Income |
4.598 |
9.656 |
17.895 |
|
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TOTAL |
742.214 |
748.565 |
623.108 |
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Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
381.343 |
371.815 |
336.373 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.668 |
8.420 |
(0.760) |
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Employee benefit expense |
118.196 |
121.777 |
106.236 |
|
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Other expenses |
139.738 |
139.333 |
138.621 |
|
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Exceptional items |
0.000 |
42.626 |
0.000 |
|
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TOTAL |
639.945 |
683.971 |
580.470 |
|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
102.269 |
64.594 |
42.638 |
|
|
|
|
|
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|
Less |
FINANCIAL
EXPENSES |
42.493 |
44.141 |
51.855 |
|
|
|
|
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|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
59.776 |
20.453 |
(9.217) |
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|
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|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION |
72.482 |
68.550 |
85.514 |
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|
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|
PROFIT/ (LOSS)
BEFORE TAX |
(12.706) |
(48.097) |
(94.731) |
|
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|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
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PROFIT/ (LOSS)
AFTER TAX |
(12.706) |
(48.097) |
(94.731) |
|
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|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.28) |
(1.01) |
(2.00) |
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 |
81.582 |
108.120 |
35.105 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
81.582 |
108.120 |
35.105 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
67.00 |
68.72 |
70.06 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.45 |
5.31 |
5.21 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
90.69 |
88.30 |
74.09 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.77 |
0.97 |
0.55 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.32 |
0.17 |
0.12 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.75 |
0.76 |
0.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.94 |
2.28 |
1.54 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.55 |
2.44 |
1.41 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.33 |
2.61 |
1.82 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.41 |
1.46 |
0.82 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(1.72) |
(6.51) |
(15.65) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(2.15) |
(7.57) |
(15.40) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(9.27) |
(33.64) |
(47.97) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.64 |
0.68 |
0.81 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.47 |
0.49 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.23 |
0.22 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.56 |
0.69 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.64 |
0.68 |
0.81 |
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 |
474.635 |
474.635 |
474.782 |
|
Reserves & Surplus |
(277.171) |
(331.642) |
(337.668) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
197.464 |
142.993 |
137.114 |
|
|
|
|
|
|
Long-term borrowings |
129.566 |
132.511 |
90.832 |
|
Short term borrowings |
174.137 |
193.449 |
174.854 |
|
Total
borrowings |
303.703 |
325.960 |
265.686 |
|
Debt/Equity
ratio |
1.538 |
2.280 |
1.938 |
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 |
605.213 |
738.909 |
737.616 |
|
|
|
22.091 |
(0.175) |
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 |
605.213 |
738.909 |
737.616 |
|
Profit/ (Loss) |
(94.731) |
(48.097) |
(12.706) |
|
|
(15.65
%) |
(6.51
%) |
(1.72
%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G83136556 |
100167287 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
28/03/2018 |
- |
- |
104777000.0 |
ONE FORBES,DR. V. B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
2 |
G65917932 |
100136001 |
THE SARASWAT COOPERATIVE BANK LTD |
21/09/2017 |
- |
- |
2506000.0 |
MATUNGA EAST BRANCH, PIONEER HIGH SCHOOL BLDGTELANG ROAD, MATUNGA (EAST)(CR)MUMBAIMH400019IN |
|
3 |
G72596372 |
100144182 |
THE SARASWAT COOPERATIVE BANK LTD |
01/09/2017 |
- |
- |
66000000.0 |
MATUNGA EAST BRANCH, PIONEER HIGH SCHOOL BLDGTELANG ROAD, MATUNGA (EAST)(CR)MUMBAIMH400019IN |
|
4 |
B24795825 |
10316283 |
THE SARASWAT CO-OPERATIVE BANK LTD |
01/10/2011 |
- |
- |
217500000.0 |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDGTELANG ROAD, MATUNGA (EAST)(CR)MUMBAIMH400019IN |
|
5 |
G54480595 |
10205773 |
THE SARASWAT COOPERATIVE BANK LTD |
10/02/2010 |
01/09/2017 |
- |
150000000.0 |
MATUNGA EAST BRANCH, PIONEER HIGH SCHOOL BLDGTELANG ROAD, MATUNGA (EAST)(CR)MUMBAIMH400019IN |
|
6 |
G75534818 |
10162417 |
ING VYSYA BANK LIMITED |
19/03/2008 |
24/07/2009 |
24/01/2018 |
20000000.0 |
MITTAL TOWERS, A-WINGGROUND FLOOR, 210 NARIMAN POINTMUMBAIMH400021IN |
|
7 |
G38404950 |
10247580 |
THE SARASWAT CO-OPERATIVE BANK LTD |
07/09/2010 |
- |
08/03/2017 |
10000000.0 |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDGTELANG ROAD, MATUNGA (EAST)(CR)MUMBAIMH400019IN |
|
8 |
G38404901 |
10617314 |
THE SARASWAT COOPERATIVE BANK LTD |
05/01/2016 |
- |
08/03/2017 |
18000000.0 |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDGTELANG ROAD, MATUNGA (EAST)(CR)MUMBAIMH400019IN |
|
9 |
G38079356 |
10317079 |
THE SARASWAT CO-OPERATIVE BANK LTD |
27/09/2011 |
- |
08/03/2017 |
10000000.0 |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDGTELANG ROAD, MATUNGA (EAST)(CR)MUMBAIMH400019IN |
|
10 |
G38079612 |
10363149 |
THE SARASWAT CO-OPERATIVE BANK LTD |
10/02/2010 |
- |
08/03/2017 |
72500000.0 |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDGTELANG ROAD, MATUNGA (EAST)(CR)MUMBAIMH400019IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Rupee term loans from others |
72.921 |
72.075 |
|
|
|
|
|
Total |
72.921 |
72.075 |
GENERAL INFORMATION
Subject (hereinafter referred as '3D' or as 'the Company') is a manufacturer of extruded seamless plastic tubes in India in form of both, multilayer and monolayer tubes used primarily for facewash, cream, gels and cosmetic products.
BRIEF DESCRIPTION OF
THE COMPANY’S WORKING DURING THE YEAR/STATE OF COMP ANY’S AFFAIR
The Company is engaged in the business of manufacturing, buying, selling, importing, exporting, distributing or otherwise dealing in all kinds of card board packing, plastic packing, polythene packing, gunny bags, tubes, plastic tubes, liners, plastic polymers, foils, boxes, containers, bottles, hollow, wares, whether made of leather, H.D.P., L.D.P., polypropoline, plastic P.V.C and all types of packaging and packing materials.
There
has been no change in the business of the Company during the year under review.
FIXED ASSETS:
· Land
Buildings
Plant
and equipment
Furniture
and fixtures
Vehicles
Motor
vehicles
Computer
equipments
Leasehold
improvements
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 66.78 |
|
UK Pound |
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
TEJ |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RUP |
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.