|
|
|
MIRA INFORM REPORT
|
Report No. : |
506253 |
|
Report Date : |
28.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ULTRA INTERNATIONAL LIMITED |
|
|
|
|
Formerly Known
As : |
ADVANCE AUTO MANUFACTURING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered Office : |
304, AVG Bhawan, M-3, Connaught Circus, |
|
Tel. No.: |
91-11-4388500/ 4151 7010, 2341 6100 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
30.01.1978 |
|
|
|
|
Com. Reg. No.: |
55-008854 |
|
|
|
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Capital
Investment / Paid-up Capital : |
INR 13.501 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1978PLC008854 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AAACU1089Q1ZS |
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|
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TIN No: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU1089Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
Line of Business
: |
Subject is engaged in the business of
manufacturing and sales of Perfumery Compounds, Aromatic Chemicals, Flavor
Compounds and Essential Oils.
(Registered activity and also confirmed by management) |
|
|
|
|
No. of Employees
: |
80 (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 1000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Clear |
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|
|
Comments : |
Subject was incorporated in the year 1978 and it is a manufacturer of perfumery compounds, aromatic chemicals, flavour compounds and essential oils. As per financials of March 2017, the company has registered marginal growth in its revenue and has reported good profit margin. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with debt free balance sheet and decent liquidity position. Further, the company has reported a good earnings per share of INR 54.51 against its face value of INR 10. Payments 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 |
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 28.04.2018
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. Tarun |
|
Designation : |
Account Manager |
|
Contact No.: |
91-120-4388500 |
|
Date : |
27.04.2018 |
LOCATIONS
|
Registered Office : |
304, AVG Bhawan, M-3, Connaught Circus, New Delhi – 110 001, India |
|
Tel. No.: |
91-11-4388500/ 4151 7010, 2341 6100 |
|
Fax No.: |
91-11-4151 7050, 2341 7776 |
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E-Mail : |
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|
Website : |
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Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
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Factory: |
64/1, Site –IV, Sahibabad Industrial Area, Ghaziabad – 201010, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4388500 / 4374100 |
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Fax No.: |
91-120-4374000 / 4374444 |
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E-Mail : |
|
|
Location: |
Owned |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sant Kumar Sanganeria
|
|||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||
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Address : |
5, Avenue Ashok, Westend Greens, Rajokari, New Delhi – 110038, India |
|||||||||||||||||
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Date of Birth/Age : |
06.10.1944 |
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Date of Appointment : |
01.10.2012 |
|||||||||||||||||
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Voter ID No. : |
DL/03/03/222706 |
|||||||||||||||||
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DIN No. : |
00093255 |
|||||||||||||||||
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Other
Directorship:
|
||||||||||||||||||
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|
|
|||||||||||||||||
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Name : |
Mrs. Asha Sanganeria
|
|||||||||||||||||
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Designation : |
Whole-time Director |
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Address : |
5, Avenue Ashok, Westend Greens, Rajokari, New Delhi – 110038, India |
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Date of Birth/Age : |
03.04.1950 |
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Date of Appointment : |
01.10.2012 |
|||||||||||||||||
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Voter ID No. : |
DL/03/031/222708 |
|||||||||||||||||
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DIN No. : |
00092219 |
|||||||||||||||||
|
||||||||||||||||||
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|
|||||||||||||||||
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Name : |
Mr. Ravi Sanganeria
|
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Designation : |
Whole-time Director |
|||||||||||||||||
|
Address : |
5, Avenue Ashok, Westend Greens, Rajokari, New Delhi – 110038, India |
|||||||||||||||||
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Date of Birth/Age : |
23.11.1975 |
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Date of Appointment : |
01.10.2012 |
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DIN No. : |
00092296 |
|||||||||||||||||
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||||||||||||||||||
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|
|||||||||||||||||
|
Name : |
Mr. Nirmal Todi |
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Designation : |
Director |
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|
Address : |
4, Avenue Ashok, Westend Greens, Rajokari, New Delhi – 110038, India |
|||||||||||||||||
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Date of Birth/Age : |
15.02.1966 |
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Date of Appointment : |
03.09.1997 |
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DIN No. : |
00301401 |
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|
|||||||||||||||||
|
Name : |
Mrs. Neeta Todi |
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|
Designation : |
Director |
|||||||||||||||||
|
Address : |
4, Avenue Ashok, Westend Greens, Rajokari, New Delhi – 110038, India |
|||||||||||||||||
|
Date of Birth/Age : |
15.02.1966 |
|||||||||||||||||
|
Date of Appointment : |
26.12.2001 |
|||||||||||||||||
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DIN No. : |
00301440 |
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|
|||||||||||||||||
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Name : |
Ms. Bhuvana Nageshwaran |
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Designation : |
Whole-time Director |
|||||||||||||||||
|
Address : |
C – 91, Sector – 50, Noida – 201301, Uttar Pradesh, India |
|||||||||||||||||
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Date of Birth/Age : |
26.02.1965 |
|||||||||||||||||
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Date of Appointment : |
01.10.2012 |
|||||||||||||||||
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DIN No. : |
00449733 |
|||||||||||||||||
|
Other
Directorship:
|
||||||||||||||||||
|
|
|
|||||||||||||||||
|
Name : |
Ms. Priyamavada Sanganeria |
|||||||||||||||||
|
Designation : |
Whole-time Director |
|||||||||||||||||
|
Address : |
5, Avenue Ashok, Westend Greens, Rajokari, New Delhi – 110038, India |
|||||||||||||||||
|
Date of Birth/Age : |
04.05.1981 |
|||||||||||||||||
|
Date of Appointment : |
1.10.2012 |
|||||||||||||||||
|
DIN No. : |
01536120 |
|||||||||||||||||
|
|
|
|||||||||||||||||
|
Name : |
Mr. Prasenjit Mazumdar |
|||||||||||||||||
|
Designation : |
Whole-time Director |
|||||||||||||||||
|
Address : |
C – 170, Sector – 26, Noida – 201301, Uttar Pradesh, India |
|||||||||||||||||
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Date of Birth/Age : |
26.11.1962 |
|||||||||||||||||
|
Date of Appointment : |
01.10.2012 |
|||||||||||||||||
|
DIN No. : |
00092163 |
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ganesh Sharma and Associates |
|
Designation : |
Company Secretary |
|
Address : |
S-229, 2nd Floor, Near Shiv Mandir Pandav Nagar, New Delhi
– 110092, India |
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Mob. No: |
91-9891429863 |
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Email: |
|
|
|
|
|
Name : |
Mr. Tarun |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Sant kumar Sanganeria |
734025 |
|
Asha Sanganeria |
89875 |
|
Ravi Sanganeria |
523575 |
|
Priyamavada Sanganeria |
150 |
|
Bhuvana Nageshwaran |
650 |
|
Nirmal Todi |
1000 |
|
Neeta Todi |
825 |
|
Total |
1350100 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject is engaged in the business of manufacturing
and sales of Perfumery Compounds, Aromatic Chemicals, Flavor Compounds and
Essential Oils. (Registered activity
and also confirmed by management) |
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|
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|
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|
Products / Services
: |
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||||||
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||||||
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Brand Names : |
Not Available |
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|
||||||
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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 : |
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|
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Imports : |
|
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Products : |
Raw Material |
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Countries : |
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||||||
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|
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Terms : |
|
||||||
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Selling : |
Cash, Advance Payment and Credit (30 Days) (NEFT/ RTGS) |
||||||
|
|
|
||||||
|
Purchasing : |
Cash, Advance Payment and Credit (30 Days) (NEFT/ RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
|
||||||||||||||||||||||
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Customers : |
Wholesalers, Retailers and Manufacturer
|
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|
|
|
||||||||||||||||||||||
|
No. of Employees : |
80 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Chiranjilal Gupta and Company Chartered Accountants |
|
Address : |
F-2, Saket, 1, Crooked Lane, Kolkata – 700069, West Bengal, India |
|
Tel. No.: |
91-33-22481606 |
|
Mobile No.: |
91-9831062037 |
|
Income-tax
PAN of auditor or auditor's firm : |
ACVPG5714C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates: |
|
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1350100 |
Equity Shares |
INR 10/- each |
INR 13.501 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
13.501 |
13.501 |
13.501 |
|
(b) Reserves & Surplus |
349.278 |
276.138 |
223.181 |
|
(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) |
362.779 |
289.639 |
236.682 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.899 |
4.705 |
5.230 |
|
(c) Other long term
liabilities |
11.510 |
6.010 |
5.011 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
12.409 |
10.715 |
10.241 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
104.625 |
115.525 |
148.575 |
|
(b) Trade
payables |
11.818 |
31.044 |
51.491 |
|
(c) Other
current liabilities |
8.895 |
11.046 |
11.724 |
|
(d) Short-term
provisions |
4.831 |
5.129 |
7.584 |
|
Total Current
Liabilities (4) |
130.169 |
162.744 |
219.374 |
|
|
|
|
|
|
TOTAL |
505.357 |
463.098 |
466.297 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
124.233 |
132.098 |
122.902 |
|
(ii)
Intangible Assets |
0.165 |
0.274 |
0.226 |
|
(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 |
29.194 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.363 |
0.359 |
0.541 |
|
(e) Other
Non-current assets |
0.036 |
0.060 |
0.083 |
|
Total Non-Current
Assets |
153.991 |
132.791 |
123.752 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
65.901 |
78.070 |
63.257 |
|
(b)
Inventories |
125.041 |
104.406 |
110.994 |
|
(c) Trade
receivables |
115.829 |
114.608 |
132.351 |
|
(d) Cash
and cash equivalents |
33.539 |
22.453 |
17.945 |
|
(e)
Short-term loans and advances |
11.056 |
10.770 |
17.998 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
351.366 |
330.307 |
342.545 |
|
|
|
|
|
|
TOTAL |
505.357 |
463.098 |
466.297 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
608.439 |
604.190 |
625.489 |
|
|
Other Income |
14.172 |
14.948 |
8.693 |
|
|
TOTAL |
622.611 |
619.138 |
634.182 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
306.531 |
328.437 |
395.204 |
|
|
Purchases of
Stock-in-Trade |
42.063 |
65.679 |
35.806 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.267) |
(1.326) |
(4.897) |
|
|
Employees benefits
expense |
76.779 |
63.010 |
58.244 |
|
|
Exceptional Items |
(1.988) |
(1.941) |
0.283 |
|
|
Other expenses |
54.113 |
50.635 |
51.812 |
|
|
TOTAL |
477.231 |
504.494 |
536.452 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
145.380 |
114.644 |
97.730 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
9.836 |
12.481 |
13.447 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
135.544 |
102.163 |
84.283 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
21.553 |
20.853 |
22.251 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
113.991 |
81.310 |
62.032 |
|
|
|
|
|
|
|
Less |
TAX |
40.399 |
27.900 |
18.011 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
73.592 |
53.410 |
44.021 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
242.620 |
189.210 |
145.737 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
316.212 |
242.620 |
189.210 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
124.869 |
187.824 |
235.834 |
|
|
Traded Goods |
62.180 |
97.809 |
0.000 |
|
|
TOTAL EARNINGS |
187.049 |
285.633 |
235.834 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
109.281 |
74.471 |
160.347 |
|
|
Components and Stores parts |
0.033 |
1.039 |
0.000 |
|
|
Trading Goods |
42.063 |
65.680 |
0.000 |
|
|
Capital Goods |
0.029 |
7.256 |
2.745 |
|
|
TOTAL IMPORTS |
151.406 |
148.446 |
163.092 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
54.51 |
39.36 |
32.61 |
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 |
|
Cash generated from operations |
99.064 |
118.471 |
76.952 |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
53.790 |
87.130 |
56.102 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
69.49 |
69.24 |
77.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.25 |
5.27 |
4.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
12.37 |
28.75 |
43.61 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.16 |
1.10 |
0.88 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.17 |
0.87 |
0.79 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.26 |
0.35 |
0.47 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.29 |
0.40 |
0.63 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.36 |
0.56 |
0.93 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.34 |
0.46 |
0.52 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
14.78 |
9.19 |
7.27 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
12.10 |
8.84 |
7.04 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
14.56 |
11.53 |
9.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
20.29 |
18.44 |
18.60 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.70 |
2.03 |
1.56 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.74 |
1.39 |
1.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.72 |
0.63 |
0.51 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
7.75 |
8.56 |
11.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.70 |
2.03 |
1.56 |
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 |
13.501 |
13.501 |
13.501 |
|
Reserves & Surplus |
223.181 |
276.138 |
349.278 |
|
Net
worth |
236.682 |
289.639 |
362.779 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
148.575 |
115.525 |
104.625 |
|
Total
borrowings |
148.575 |
115.525 |
104.625 |
|
Debt/Equity
ratio |
0.628 |
0.399 |
0.288 |
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 |
625.489 |
604.190 |
608.439 |
|
|
|
(3.405) |
0.703 |
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 |
625.489 |
604.190 |
608.439 |
|
Profit /(Loss) |
44.021 |
53.410 |
73.592 |
|
|
7.04% |
8.84% |
12.10% |
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 |
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 |
Yes |
|
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 two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
COMPANY OVERVIEW:
The Company is a Public Company domiciled in India and
incorporated under the provisions of the Companies Act 1956. In was established
in year 1978 to carry on the business of manufacturing and sales of Perfumery Compounds, Aromatic Chemicals,
Flavor Compounds and Essential Oils
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable
on demand From others parties |
104.625 |
115.525 |
|
Total |
104.625 |
115.525 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Bonus which may be due as notification having retrospective effect for financial year 2014-15, which has been stayed by Allahabad high court, hence not provided for |
0.754 |
0.754 |
|
Income tax refundable for AY 2013-14 |
0.422 |
0.000 |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Office
Equipment
- Vehicle
- Solar Power
Generating System
- Computer
Accessories
- Computer
Software
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 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
MTN |
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.