|
|
|
MIRA INFORM REPORT
|
Report No. : |
506801 |
|
Report Date : |
30.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
GUJARAT AGROCHEM PRIVATE LIMITED (w.e.f.04.03.2016) |
|
|
|
|
Formerly Known
As : |
GUJARAT
AGROCHEM LIMITED |
|
|
|
|
Registered
Office : |
72,
Marshalls Road, Jhaver Centre, Rajah Annamalai Building, IV Floor, Egmore,
Chennai-600008, Tamilnadu |
|
Tel. No.: |
91-2646-272638 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
22.03.1995 |
|
|
|
|
Com. Reg. No.: |
18-120568 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 54.960 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100TN1995PTC120568 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
24211300218 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AABCG1228L1ZU |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG1228L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in the Business of Manufacturing and Jobworking of Agro Chemicals. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1995. The company is a subsidiary
of Tagros Chemical India Private Limited. As per the financial of 2017, the company has reported a decline in
its revenue as compared to the previous year’s revenue but has managed to
maintain an average net profit margin of 4.08%. The company possesses healthy financial position marked by sound net
worth base along with strong debt coverage indicator due to low debt balance
sheet profile and fair liquidity position. Business is active. Payment seems to be usually
correct. In view of aforesaid, the company can be
considered for business dealings at usual trade terms and condition. |
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
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 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.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-2646-272638)
LOCATIONS
|
Registered Office : |
72,
Marshalls Road, Jhaver Centre, Rajah Annamalai Building, IV Floor, Egmore,
Chennai-600008, Tamilnadu, India |
|
Tel. No.: |
91-2646-272638 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Hari Krishna Jhaver |
|
Designation : |
Wholetime Director |
|
Address : |
No.21, |
|
Date of Birth/Age : |
24.12.1945 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
06.11.2013 |
|
PAN No.: |
AAEPJ0777B |
|
DIN No.: |
00379070 |
|
|
|
|
Name : |
Mr. Sunish Kuttappan Nair |
|
Designation : |
Wholetime Director |
|
Address : |
A 101, Dr. Siddhi Vinayak CHSL, Plot No. 50, Sector 2, Charkop, Kandivali (West), Mumbai-400067, Maharashtra, India |
|
Date of Birth/Age : |
24.10.1966 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
13.03.2014 |
|
PAN No.: |
AADPN9784D |
|
DIN No.: |
06841753 |
|
|
|
|
Name : |
Mr. Parikshith Jhaver |
|
Designation : |
Director |
|
Address : |
21, |
|
Date of Birth/Age : |
01.10.1970 |
|
Qualification : |
B.Com., |
|
Date of Appointment : |
26.08.2009 |
|
PAN No.: |
AADPJ8676L |
|
DIN No.: |
00341448 |
|
|
|
|
Name : |
Mr. Devkishan Jhaver |
|
Designation : |
Director |
|
Address : |
Old No.5, New No.9/2, 3rd Avenue, Boat Club Road, R.A. Puram, Chennai- 600028, Tamilnadu, India |
|
Date of Birth/Age : |
14.09.1947 |
|
Qualification : |
B.E., |
|
Date of Appointment : |
06.11.2013 |
|
PAN No.: |
AAAPJ5825C |
|
DIN No.: |
00415238 |
|
|
|
|
Name : |
Mr. Adesh Kumar Daga |
|
Designation : |
Director |
|
Address : |
Old No. 24 25 New |
|
Date of Birth/Age : |
21.08.1969 |
|
Qualification : |
B.Com, C.A |
|
Date of Appointment : |
26.08.2009 |
|
PAN No.: |
AACPD4953H |
|
DIN No.: |
02234032 |
|
|
|
|
Name : |
Mr. Abhimanyu Jhaver |
|
Designation : |
Director |
|
Address : |
New No. 9/2 Old |
|
Date of Birth/Age : |
17.08.1972 |
|
Qualification : |
B.Com, M.B.A(U.K) |
|
Date of Appointment : |
28.11.2011 |
|
PAN No.: |
ADEPJ7015R |
|
DIN No.: |
02330095 |
|
|
|
|
Name : |
Mr. Kailasam Venkatachalam |
|
Designation : |
Director |
|
Address : |
Door No.1097/7 Anna Nagar, Z Block, Chennai-600040, |
|
Date of Birth/Age : |
03.01.1964 |
|
Qualification : |
B.Com, A.I.C.W.A |
|
Date of Appointment : |
09.08.2010 |
|
PAN No.: |
AFAPK4768G |
|
DIN No.: |
03175124 |
KEY EXECUTIVES
|
Name : |
Mr. Meenakshisundaram Lakshmanan |
|
Designation : |
Company Secretary |
|
Address : |
D/105 Block, Flat A
Sangeetha Colony, K.K. Nagar, Chennai-600078, |
|
Date of Birth/Age : |
14.09.1947 |
|
Qualification : |
B.Com, C.A, A.C.S |
|
Date of Appointment : |
20.03.2015 |
|
PAN No.: |
AAMPM0497R |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Tagros Chemicals India Private Limited, |
|
5495900 |
|
Harikrishna Jhaver |
|
5 |
|
Devkishan Jhaver |
|
5 |
|
Bimla D Jhaver |
|
5 |
|
Jaikishan Jhaver |
|
5 |
|
Manju J Jhaver |
|
5 |
|
Radhakishnan Jhaver |
|
5 |
|
Kiran R Jhaver |
|
5 |
|
Vijay Kishan Jhaver |
|
5 |
|
Madhu V Jhaver |
|
5 |
|
Total |
|
5495945 |
AS ON 28.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the Business of Manufacturing and Jobworking of Agro Chemicals. [Registered Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
N. S. Shetty and Company Chartered Accountants |
|
Address : |
Arjun, Plot No.6A, Kalyangram Society, V. P. Road, Andheri
(West), Mumbai, |
|
PAN No.: |
AAFFN9412N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Tagros Chemicals India Private Limited, CIN No.: U24294TN1992PTC024115 |
|
|
|
|
Subsidiary Company
: |
Micro Chemtech Private Limited, CIN No.: U24110GJ2007PTC051846 |
CAPITAL STRUCTURE
AS ON 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
INR 10/- each |
INR 110.000 Million |
|
100000 |
Preference Shares |
INR 100/- each |
INR 10.000 Million |
|
|
Total |
|
INR 120.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5495950 |
Equity Shares |
INR 10/- each |
INR 54.960 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
54.960 |
54.960 |
54.960 |
|
(b) Reserves and Surplus |
607.496 |
536.921 |
474.950 |
|
(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) |
662.456 |
591.881 |
529.910 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
223.421 |
293.805 |
398.221 |
|
(b) Deferred tax liabilities (Net) |
53.989 |
64.669 |
71.365 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
277.410 |
358.474 |
469.586 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
93.633 |
200.788 |
228.233 |
|
(b) Trade
payables |
357.000 |
245.193 |
392.076 |
|
(c) Other
current liabilities |
116.389 |
148.603 |
186.625 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
567.022 |
594.584 |
806.934 |
|
|
|
|
|
|
TOTAL |
1506.888 |
1544.939 |
1806.430 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
834.783 |
890.499 |
927.091 |
|
(ii)
Intangible Assets |
0.470 |
0.470 |
0.470 |
|
(iii) Tangible assets capital work-in-progress |
0.000 |
6.608 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
51.719 |
11.131 |
1.468 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term loans and advances |
82.047 |
74.309 |
66.654 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
969.019 |
983.017 |
995.683 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
175.970 |
222.379 |
348.866 |
|
(c) Trade receivables |
207.262 |
201.886 |
336.323 |
|
(d) Cash and bank balances |
12.965 |
18.318 |
18.571 |
|
(e) Short-term loans and advances |
12.639 |
9.391 |
4.865 |
|
(f) Other
current assets |
129.033 |
109.948 |
102.122 |
|
Total
Current Assets |
537.869 |
561.922 |
810.747 |
|
|
|
|
|
|
TOTAL |
1506.888 |
1544.939 |
1806.430 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1728.650 |
1828.076 |
2185.394 |
|
|
Other Income |
10.610 |
12.188 |
17.994 |
|
|
TOTAL |
1739.260 |
1840.264 |
2203.388 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
863.331 |
920.859 |
1424.319 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
61.173 |
82.834 |
(38.882) |
|
|
Employee benefit expense |
147.153 |
140.766 |
120.296 |
|
|
CSR expenditure |
2.900 |
0.000 |
0.000 |
|
|
Other expenses |
415.138 |
439.681 |
415.918 |
|
|
TOTAL |
1489.695 |
1584.140 |
1921.651 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
249.565 |
256.124 |
281.737 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
57.331 |
72.490 |
65.250 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
192.234 |
183.634 |
216.487 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
88.013 |
87.084 |
79.601 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
104.221 |
96.550 |
136.886 |
|
|
|
|
|
|
|
Less |
TAX |
33.646 |
34.579 |
46.466 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
70.575 |
61.971 |
90.420 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
12.84 |
11.28 |
16.45 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
70.247 |
70.476 |
86.393 |
|
Cash generated from operations |
288.974 |
242.506 |
66.438 |
|
Net cash flow from (used in) operations |
286.219 |
262.329 |
72.296 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
43.76 |
40.31 |
56.17 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
8.34 |
9.05 |
6.50 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
150.93 |
97.19 |
100.47 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.42 |
1.15 |
0.81 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.30 |
0.29 |
0.30 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.57 |
0.62 |
0.71 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.58 |
0.95 |
1.35 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.86 |
1.00 |
1.52 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.26 |
1.52 |
1.75 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.35 |
3.53 |
4.32 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
4.08 |
3.39 |
4.14 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.68 |
4.01 |
5.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.65 |
10.47 |
17.06 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.95 |
0.95 |
1.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.64 |
0.57 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.44 |
0.38 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.05 |
10.28 |
12.97 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.95 |
0.95 |
1.00 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
54.960 |
54.960 |
54.960 |
|
Reserves & Surplus |
474.950 |
536.921 |
607.496 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
529.910 |
591.881 |
662.456 |
|
|
|
|
|
|
Long-term borrowings |
398.221 |
293.805 |
223.421 |
|
Short term borrowings |
228.233 |
200.788 |
93.633 |
|
Current maturities of
long-term debts |
86.393 |
70.476 |
70.247 |
|
Total
borrowings |
712.847 |
565.069 |
387.301 |
|
Debt/Equity
ratio |
1.345 |
0.955 |
0.585 |
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 |
2185.394 |
1828.076 |
1728.650 |
|
|
|
(16.350) |
(5.439) |
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 |
2185.394 |
1828.076 |
1728.650 |
|
Profit/ (Loss) |
90.420 |
61.971 |
70.575 |
|
|
4.14% |
3.39% |
4.08% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
54.960 |
54.960 |
|
(b) Reserves and Surplus |
|
597.301 |
535.892 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
652.261 |
590.852 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
223.421 |
293.805 |
|
(b) Deferred tax liabilities (Net) |
|
51.392 |
61.876 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
274.813 |
355.681 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
93.633 |
200.788 |
|
(b) Trade
payables |
|
357.015 |
245.220 |
|
(c) Other
current liabilities |
|
116.660 |
149.002 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
567.308 |
595.010 |
|
|
|
|
|
|
TOTAL |
|
1494.382 |
1541.543 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
851.461 |
909.669 |
|
(ii)
Intangible Assets |
|
0.470 |
0.470 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
6.608 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
49.719 |
9.131 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
20.289 |
18.660 |
|
(e) Other
Non-current assets |
|
31.314 |
31.313 |
|
Total Non-Current
Assets |
|
953.253 |
975.851 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
175.970 |
222.379 |
|
(c) Trade
receivables |
|
207.262 |
201.886 |
|
(d) Cash and
bank balances |
|
13.137 |
18.474 |
|
(e)
Short-term loans and advances |
|
12.639 |
9.391 |
|
(f) Other
current assets |
|
132.121 |
113.562 |
|
Total
Current Assets |
|
541.129 |
565.692 |
|
|
|
|
|
|
TOTAL |
|
1494.382 |
1541.543 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1728.650 |
1828.076 |
|
|
Other Income |
|
5.620 |
13.017 |
|
|
TOTAL |
|
1734.270 |
1841.093 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
863.331 |
920.858 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
61.173 |
82.834 |
|
|
Employee benefit expense |
|
147.153 |
140.784 |
|
|
CSR expenditure |
|
2.900 |
0.000 |
|
|
Other expenses |
|
416.085 |
440.216 |
|
|
TOTAL |
|
1490.642 |
1584.692 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
243.628 |
256.401 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
57.333 |
72.569 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
186.295 |
183.832 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
90.505 |
89.679 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
95.790 |
94.153 |
|
|
|
|
|
|
|
Less |
TAX |
|
34.381 |
34.711 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
61.409 |
59.442 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
11.17 |
10.82 |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered
office of the company has been shifted from Plot 2901 To 2906, Gujarat
Industrial Development Corporation, Panoli, Ankleshwar, Bharuch-394116,
GENERAL INFORMATION
The Company is engaged in the Business of Manufacturing and Jobworking of Agro Chemicals.
PERFORMANCE REVIEW:
During the year, the production capacities were put into optimum utilization to ensure consistent supply to its parent Company, apart from catering to domestic and export markets. There have been considerable improvements in manufacturing processes with the help of our dedicated R &D team, to ensure quality output at a reduced cost. The Company is poised for augmenting production capacities of both intermediate and finished goods in the coming year and necessary approvals from various departments are in progress. As are aware application for Merger of Company’s 100% subsidiary Micro Chemtech Private Limited is pending before Honorable National Company Law Tribunal, Ahmedabad Bench. The above production facility once made available, will help the Company to strategically increase its top line and profitability.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Intercorporate borrowings |
100.000 |
100.000 |
|
Total |
100.000 |
100.000 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C53789483 |
10569716 |
09/03/2015 |
- |
- |
100000000.0 |
HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai-400013, |
|
2 |
B66170390 |
10397809 |
29/12/2012 |
- |
- |
310000000.0 |
HDFC Bank House,
Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, |
|
3 |
C79122719 |
10321908 |
22/11/2011 |
24/07/2015 |
- |
250000000.0 |
HDFC Bank House,
Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, |
|
4 |
C52039567 |
10230128 |
30/06/2010 |
19/03/2015 |
- |
340000000.0 |
No.7, Chevalier
Shivaji Ganesan Salai, |
|
5 |
B18830851 |
80021340 |
03/06/2005 |
29/05/2009 |
12/08/2011 |
100440651.2 |
36-38A, Nariman
Bhavan, 227,D, Nariman Point, Mumbai-400021, |
|
6 |
B19495621 |
10167412 |
29/05/2009 |
- |
08/08/2011 |
90000000.0 |
Bandra Kurla
Complex, Mumbai-400051, |
|
7 |
B19493972 |
10008725 |
25/05/2006 |
21/11/2008 |
08/08/2011 |
90000000.0 |
|
|
8 |
B17907593 |
10166992 |
29/05/2009 |
- |
12/07/2011 |
64800000.0 |
National Avenue,
Shop No. 25-28, |
|
9 |
B17923046 |
80043685 |
18/07/2005 |
07/04/2008 |
12/07/2011 |
76000000.0 |
National Avenue,
Shop No. 25-28, |
|
10 |
A49911696 |
80004255 |
06/03/2006 |
15/05/2006 |
10/07/2008 |
80000000.0 |
|
FIXED ASSETS:
- Land
- Building
- Plant and equipment
- Office equipment
- Furniture and Fixture
- Computer
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
BHG |
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.