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|
MIRA INFORM REPORT
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Report No. : |
507036 |
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Report Date : |
30.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ASTRON PAPER AND BOARD MILL LIMITED |
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Registered
Office : |
D-702, Seventh Floor, Ganesh Meriden, Opposite High Court,
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Tel. No.: |
91-79-40081220/ 40081221 |
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Country : |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
29.12.2010 |
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Com. Reg. No.: |
04-063428 |
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Capital
Investment / Paid-up Capital : |
INR 325.000 Million |
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CIN No.: [Company Identification
No.] |
U21090GJ2010PLC063428 |
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IEC No.: [Import-Export Code No.] |
0811005798 |
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GSTN : [Goods & Service Tax
Registration No.] |
24AAJCA0517E1Z9 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAJCA0517E |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer of corrugated paper and paper board. [Registered Activity] |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 1300000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2010. It is a manufacturer of corrugated paper and paper board. For the financial year 2017, the company has achieved 16.56% growth in its revenue as compared to previous year revenue and has maintained average profitability margin of 5.49% during the year under review. The moderate financial profile of the company is marked by low reserve base as compared to its capital along with comfortable debt coverage indicators. Payment seems reported to be slow. In view of aforesaid, the company can be considered for business dealings with some caution. Note: The Company has issued its fresh IPO on 15 December, 2017 of INR 7000 million to meet its working capital requirement and commenced its trading of its equity shares on stock exchange as on 29 December, 2017. Further as per 28th April, 2018 MV is INR 127 against the Face Value of INR 10 but as registrar of Companies legal status of the company is still reflecting as unlisted. |
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) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
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 30.04.2018
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.
LOCATIONS
|
Registered Office : |
D-702, Seventh Floor, Ganesh Meriden, Opposite High Court,
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Tel. No.: |
91-79-40081220/ 40081221 |
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Mob. No.: |
91-909989255 [Mr. Parth Patel] |
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Fax No.: |
91-79-40081220 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Factory : |
Survey No.52/1-2, 53/1-2, Village Sukhpur, Taluka Halvad,
District Surendranagar – 363 330, |
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Tel. No.: |
91-2758-250221 / 22 / 23 |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Karshanbhai Hirabhai Patel |
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Designation : |
Director |
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Address : |
145, At and Post
Daramali, Taluka- Idar, District Sabarkantha, Daramali -383 110, |
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Date of Birth/ Age : |
01.06.1953 |
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Date of Appointment : |
29.12.2010 |
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DIN No.: |
00048167 |
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Other Directorship:
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Name : |
Mr. Ramakant Kantibhai Patel |
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Designation : |
Director |
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Address : |
C-25,
Sentossa Greenland, Sardar Patel Ring
Road, Village Rakanpur, Taluka Kalol, Gandhinagar – 380060, Gujarat, India |
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Date of Birth/ Age : |
25.11.1965 |
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Date of Appointment : |
29.12.2010 |
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PAN No.: |
AFZPP4430R |
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DIN No.: |
00233423 |
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Other Directorship:
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Name : |
Mr. Kanubhai Bhikhabhai Patel |
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Designation : |
Director |
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Address : |
At Laxmanpura PO Goral, Taidar Sabarkantha – 383410, |
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Date of Appointment : |
01.04.2017 |
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DIN No.: |
00386852 |
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Other Directorship:
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Name : |
Mr. Kirit Ghanshyambhai Patel |
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Designation : |
Managing Director |
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Address : |
302, Status II Tower, Behind Manav Mandir, Memnagar, Ahmedabad
– 380052, |
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Date of Appointment : |
29.12.2010 |
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DIN No.: |
03353684 |
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Name : |
Mr. Shyam Agrawal |
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Designation : |
Additional Director |
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Address : |
R/O, Ramlila Maidan Sikar 332001 Rajasthan, |
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Date of Appointment : |
29.05.2017 |
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DIN No.: |
03516372 |
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Other Directorship:
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Name : |
Mr. Chaitali Bharatkumar Parikh |
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Designation : |
Director |
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Address : |
6, Malhar Apartment , Near |
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Date of Appointment : |
20.05.2015 |
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DIN No.: |
07189130 |
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Name : |
Mr. Sanjiv Shantiprakash Srivastava |
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Designation : |
Director |
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Address : |
202, Ishwarkrupa Appartment, 19, Champaner Soc, Usmanpura,
Ahmedabad – 380013, |
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Date of Appointment : |
01.05.2017 |
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DIN No.: |
07361850 |
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Other Directorship:
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Name : |
Mr. Sudhir Maheshwari Omprakash |
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Designation : |
Additional Director |
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Address : |
303, Status - 2, Near-Manavmandir Memnagar, Ahmedabad
- 380052, |
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Date of Appointment : |
29.05.2017 |
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DIN No.: |
07827789 |
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KEY EXECUTIVES
|
Name : |
Mr. Uttam Bhai Narayan Bhai Patel |
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Designation : |
Company Secretary |
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Address : |
At Post- Aroda, Near Radha Krushna Mandir, Ta-Idar,
Dis-Sabarkantha Idar – 383110, Gujarat, India |
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Date of Appointment : |
18.01.2016 |
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PAN No.: |
CJIPP1875M |
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Name : |
Mr. Parth Ramesh Patel |
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Designation : |
Chief Financial Official (KMP) |
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Address : |
81, Ambalal Park Society, Behind Uday Tenament Nikol Road,
Naroda, Ahmedabad – 382345, Gujarat, India |
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Date of Appointment : |
29.05.2017 |
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PAN No.: |
BDDPP2829K |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
AS ON 23.05.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
34.95 |
|
Promoters- Body corporate |
27.38 |
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Promoters- Others |
0.30 |
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Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
10.98 |
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Public/Other than promoters - Body corporate |
26.39 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of corrugated paper and paper board. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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Name : |
S N D K and Associates LLP Chartered Accountants |
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Address : |
315, B Wing, Gopal Palace, Nehrunagar, Ahmedabad – 380015, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACTFS1062K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates: |
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CAPITAL STRUCTURE
AFTER 23.05.2017
Authorised Capital : INR 500.000 Million
Issued, Subscribed & Paid-up Capital : INR 465.000
Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32500000 |
Equity Shares |
INR 10/- each |
INR 325.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32500000 |
Equity Shares |
INR 10/- each |
INR 325.000 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 |
325.000 |
325.000 |
325.000 |
|
(b) Reserves & Surplus |
127.066 |
27.769 |
-31.245 |
|
(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) |
452.066 |
352.769 |
293.755 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
384.865 |
462.737 |
403.760 |
|
(b) Deferred tax liabilities
(Net) |
42.996 |
59.478 |
55.460 |
|
(c) Other long term
liabilities |
41.060 |
0.060 |
0.060 |
|
(d) long-term provisions |
1.433 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
470.354 |
522.275 |
459.280 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
426.910 |
371.312 |
336.060 |
|
(b) Trade payables |
252.312 |
218.950 |
175.052 |
|
(c) Other current liabilities |
105.610 |
104.600 |
97.679 |
|
(d) Short-term provisions |
18.536 |
13.430 |
9.890 |
|
Total
Current Liabilities (4) |
803.368 |
708.292 |
618.681 |
|
|
|
|
|
|
TOTAL |
1725.788 |
1583.336 |
1371.716 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
788.456 |
745.327 |
656.078 |
|
(ii) Intangible Assets |
0.435 |
0.492 |
0.553 |
|
(iii) Capital work-in-progress |
13.882 |
0.000 |
10.789 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.030 |
0.000 |
0.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.134 |
0.134 |
0.134 |
|
(e) Other Non-current assets |
0.000 |
0.085 |
0.544 |
|
Total
Non-Current Assets |
802.937 |
746.038 |
668.598 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.530 |
0.000 |
|
(b) Inventories |
423.638 |
352.875 |
341.606 |
|
(c) Trade receivables |
349.277 |
371.412 |
285.451 |
|
(d) Cash and cash equivalents |
60.597 |
52.982 |
33.540 |
|
(e) Short-term loans and
advances |
89.254 |
58.877 |
41.898 |
|
(f) Other current assets |
0.085 |
0.622 |
0.623 |
|
Total
Current Assets |
922.851 |
837.298 |
703.118 |
|
|
|
|
|
|
TOTAL |
1725.788 |
1583.336 |
1371.716 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1832.652 |
1572.314 |
1519.132 |
|
|
Other Income |
13.239 |
3.595 |
2.235 |
|
|
TOTAL
|
1845.891 |
1575.909 |
1521.367 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1106.266 |
981.642 |
982.812 |
|
|
Purchases of Stock-in-Trade |
56.555 |
17.914 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
11.392 |
0.081 |
(5.073) |
|
|
Employees benefits expense |
76.093 |
64.761 |
62.423 |
|
|
Other expenses |
380.886 |
324.717 |
294.933 |
|
|
TOTAL |
1631.192 |
1389.115 |
1335.095 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
214.699 |
186.794 |
186.272 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
97.593 |
94.710 |
98.688 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
117.106 |
92.084 |
87.584 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
32.910 |
28.340 |
28.854 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
84.196 |
63.744 |
58.730 |
|
|
|
|
|
|
|
Less |
TAX |
(16.482) |
4.018 |
18.105 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
100.678 |
59.726 |
40.625 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
5.557 |
26.209 |
8.016 |
|
|
TOTAL
EARNINGS |
5.557 |
26.209 |
8.016 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
897.258 |
735.284 |
784.466 |
|
|
TOTAL
IMPORTS |
897.258 |
735.284 |
784.466 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
3.10 |
1.84 |
1.31 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
80.175 |
80.165 |
71.181 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
170.548 |
175.767 |
107.484 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
156.604 |
165.461 |
107.233 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
69.56 |
86.22 |
68.58 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.25 |
4.23 |
5.32 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
79.20 |
79.95 |
65.01 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.51 |
0.53 |
0.55 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.27 |
0.25 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.73 |
0.79 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.97 |
2.59 |
2.76 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.78 |
2.01 |
2.11 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.78 |
2.11 |
2.27 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.20 |
1.97 |
1.89 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.49 |
3.80 |
2.67 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.83 |
3.77 |
2.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.27 |
16.93 |
13.83 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.15 |
1.18 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.62 |
0.68 |
0.58 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.26 |
0.22 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.74 |
2.81 |
2.50 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.15 |
1.18 |
1.14 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10/- |
|
Market Value |
INR 127/- |
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 |
325.000 |
325.000 |
325.000 |
|
Reserves & Surplus |
(31.245) |
27.769 |
127.066 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
293.755 |
352.769 |
452.066 |
|
|
|
|
|
|
Long Term borrowings |
403.760 |
462.737 |
384.865 |
|
Short Term borrowings |
336.060 |
371.312 |
426.910 |
|
Current Maturities of Long term debt |
71.181 |
80.165 |
80.175 |
|
Total
borrowings |
811.001 |
914.214 |
891.950 |
|
Debt/Equity
ratio |
2.761 |
2.592 |
1.973 |
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
|
1519.132 |
1572.314 |
1832.652 |
|
|
|
3.501 |
16.558 |
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
|
1519.132 |
1572.314 |
1832.652 |
|
Profit |
40.625 |
59.726 |
100.678 |
|
|
2.67% |
3.80% |
5.49% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Deposits from directors |
38.640 |
43.503 |
|
Intercorporate deposits |
176.572 |
73.265 |
|
Deposits from others |
0.000 |
61.139 |
|
Other loans and advances |
0.000 |
51.300 |
|
SHORT TERM
BORROWING |
|
|
|
Working capital loans from banks |
425.652 |
0.000 |
|
Intercorporate deposits |
1.258 |
0.000 |
|
Deposits from others |
0.000 |
3.843 |
|
Total |
642.122 |
233.050 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G74082751 |
100148114 |
UNION BANK OF
INDIA |
02/01/2018 |
- |
- |
130000000.0 |
ELLISBRIDGE BRANCH,KARAKA
BUILDING NO 1NR GUJARAT CHAMBER,ASHRAM ROADAHMEDABADGJ380009IN |
|
2 |
G56878960 |
10536383 |
SBICAP TRUSTEE
COMPANY LIMITED |
19/11/2014 |
19/09/2017 |
- |
237500000.0 |
202, MAKER TOWER,
'E', CUFFE PARADE,COLABA,MUMBAIMH400005IN |
|
3 |
G56881840 |
10536391 |
SBICAP TRUSTEE
COMPANY LIMITED |
19/11/2014 |
19/09/2017 |
- |
589900000.0 |
202, MAKER TOWER,
'E', CUFFE PARADE,COLABA,MUMBAIMH400005IN |
|
4 |
G39359252 |
100067977 |
UNION BANK OF
INDIA |
29/11/2016 |
- |
01/03/2017 |
30000000.0 |
ELLISBRIDGE
BRANCH, KARAKA BUILDINGNEAR NATRAJ CINEMA, ASHRAM ROADAHMEDABADGJ380009IN |
|
5 |
C58660028 |
10483055 |
UNION BANK OF
INDIA |
07/02/2014 |
- |
14/07/2015 |
30000000.0 |
ELLISBRIDGE BRANCH,
KARAKA BUILDINGNEAR NATRAJ CINEMA, ASHRAM ROADAHMEDABADGJ380009IN |
|
6 |
C58658287 |
10312672 |
UNION BANK OF
INDIA |
28/09/2011 |
09/01/2013 |
14/07/2015 |
799700000.0 |
ELLISBRIDGE
BRANCH, KARAKA BUILDING NO. 1,NR. GUJARAT CHAMBER OF COM. & INDS, ASHRAM
ROADAHMEDABADGJ380009IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- 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
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
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.