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%20PRIVATE%20LIMITED%20-%20488961_MIRA%2001-Feb-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20488961_MIRA%2001-Feb-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20488961_MIRA%2001-Feb-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
488961 |
|
Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
BIPICO INDUSTRIES (TOOLS) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4/D 2 Kakad House, 4th Floor, 11, Sir V Thackersey Road, Mumbai – 400020,
Maharashtra |
|
Tel. No.: |
91-22-22034386 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
18.02.1972 |
|
|
|
|
Com. Reg. No.: |
11-015621 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 19.935 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29220MH1972PTC015621 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TIN No.: |
27570293108 |
|
|
|
|
GST No.: |
27AAACB4886E1ZN |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB4886E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Industrial Saws and Tools. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined 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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1972. It is a Manufacturer and
Exporter of all kinds of Tools such as Hand Tools, Engineering Tools, Garage
and Cutting Tools. For the financial year 2017, the revenue of the company has increased
by 7.21% along with average profit margin of 1.02%. The satisfactory financial profile of the company is marked by
sufficient networth base along with negligible debt level. The rating takes into consideration the subject’s long track record of
business operations along with extensive experience of its promoters. However, rating strengths are partially offset by large working
capital requirement, exposure to intense competition from imports. Business is active. Payments seems to be slow but 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term = BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
12.09.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
12.09.2017 |
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 01.02.2018.
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 DECLINED BY
|
Name : |
Mr. Nishant |
|
Designation : |
Account Department |
|
Contact No.: |
91-22-22003881 |
|
Date : |
30.01.2018 |
Given Number [91-22-220343869]
Ringing
LOCATIONS
|
Registered Office : |
4/D 2 Kakad House, 4th Floor, 11, Sir V Thackersey Road, Mumbai – 400020,
Maharashtra, India |
|
Tel. No.: |
91-22-22034386/ 22034388 |
|
Fax No.: |
91-22-22034387 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
506-A, Lotus House, 5th Floor, 33, Sir V. Thackersey Road, Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-22003881/ 22000747/ 22035519/ 22035594 |
|
Fax No.: |
91-22-22001631 |
|
|
|
|
Pune Office: |
Block No 2 & 22 Mahalaxmi Heights, Ground Floor, Sunrise Garden, Pune-Mumbai Highway, Morwadi, Pimpri, Pune 411018, Maharashtra, India |
|
Tel. No.: |
91-22-27463709 / 27463711 |
|
Fax No.: |
91-20-27463710 |
|
|
|
|
|
|
|
Factory : |
Nadarkha, Post Box No. 36, Chikhli Road, Bilimora, District Navsari - 396321, Gujarat, India |
|
Tel. No.: |
91-2634-284629/ 284630/ 283695 |
|
Fax No.: |
91-2634-283256 |
|
|
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Pramit Kanubhai Patel |
|
Designation : |
Managing director |
|
Address : |
52-B, Embassy
Apartment, 46, Nepean Sea Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
26.08.1968 |
|
Experience : |
21 Years |
|
Date of Appointment : |
12.06.1992 |
|
DIN No.: |
00681889 |
|
|
|
|
Name : |
Mrs. Kinnari Pramit Patel |
|
Designation : |
Whole-time director |
|
Address : |
52-B, Embassy
Apartment, 46, Nepean Sea Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
06.11.1967 |
|
Experience : |
3 Years |
|
Date of Appointment : |
08.09.2003 |
|
DIN No.: |
01997442 |
|
|
|
|
Name : |
Mrs. Nupur Bhupendra Patel |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
Anil Kunj, 37th
Road, B/H National College, Bandra, Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1979 |
|
Date of Appointment : |
07.04.2011 |
|
DIN No.: |
01424285 |
KEY EXECUTIVES
|
Name : |
Mr. Nishant |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
% age holding |
|
Kanubhai Z. Patel HUF |
16300 |
8.18 |
|
Bipico Benefit Trust |
25125 |
12.60 |
|
Pramit K Patel with Kinnary Patel |
45875 |
23.01 |
|
Tushar Patel and Pramit Patel |
67700 |
33.96 |
|
Kinnary Patel with Pramit Patel |
16700 |
8.38 |
|
Pramit Patel HUF |
18350 |
9.21 |
|
Mihir Patel through Guardian Pramit Patel |
4648 |
2.33 |
|
Meha Patel Through Guardian Pramit Patel |
4648 |
2.33 |
|
Total |
199346 |
100.00 |
AS ON: 05.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
87.40 |
|
Promoters (Others - AOP) |
12.60 |
|
|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20488961_MIRA%2001-Feb-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Saws and Tools. (Registered Activity) |
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||||
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Products : |
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||||
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||||
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Brand Names : |
“BIPICO” |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
|
Terms : |
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||||
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Selling : |
Not Divulged |
||||
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|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
·
Alloy Steel Plant ·
Ashok Leyland ·
Bharat Earth Movers Limited ·
Bharat Heavy Electricals Limited ·
Bharat Pumps & Compressors Limited ·
Bharat Petroleum Corporation Limited ·
Bhabha Atomic Research Center, Mumbai ·
Chaudhary Hammer ·
Durgapur Steel Plant ·
Endurance Technologies Private Limited ·
Godrej, etc. |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Bank of Baroda Jawahar Road, Bilimora - 396321, Gujarat, India |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra and Company Chartered Accountants |
|
Address : |
1311 Dalamal Tower, 211, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-22855770 |
|
Fax No.: |
91-22-22834243 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFR1878D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises over which key management has control : |
· Peamtee Fine Wires (India) Private Limited · Bipico Corporation · Bipico Sagen and Werkzeug Gmbh, Germany |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
199346 |
Equity Shares |
INR 100/- each |
INR 19.935 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.935 |
19.935 |
15.045 |
|
(b) Reserves & Surplus |
103.400 |
98.649 |
71.047 |
|
(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) |
123.335 |
118.584 |
86.092 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
234.146 |
261.648 |
297.152 |
|
(b) Deferred tax liabilities (Net) |
19.762 |
16.052 |
16.606 |
|
(c)
Other long term liabilities |
3.958 |
3.956 |
3.596 |
|
(d)
long-term provisions |
8.941 |
7.580 |
7.431 |
|
Total
Non-current Liabilities (3) |
266.807 |
289.236 |
324.785 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
98.284 |
91.329 |
96.473 |
|
(b)
Trade payables |
24.315 |
31.697 |
14.717 |
|
(c)
Other current liabilities |
59.799 |
39.978 |
36.513 |
|
(d)
Short-term provisions |
10.891 |
9.642 |
6.820 |
|
Total
Current Liabilities (4) |
193.289 |
172.646 |
154.523 |
|
|
|
|
|
|
TOTAL |
583.431 |
580.466 |
565.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
187.232 |
171.777 |
176.198 |
|
(ii)
Intangible Assets |
0.896 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.682 |
15.159 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
10.252 |
8.349 |
8.370 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
200.062 |
195.285 |
184.568 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
221.164 |
211.976 |
224.945 |
|
(c)
Trade receivables |
143.091 |
154.538 |
139.402 |
|
(d)
Cash and cash equivalents |
6.732 |
4.778 |
3.248 |
|
(e)
Short-term loans and advances |
12.382 |
13.889 |
13.237 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
383.369 |
385.181 |
380.832 |
|
|
|
|
|
|
TOTAL |
583.431 |
580.466 |
565.400 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
464.876 |
433.592 |
405.308 |
|
|
|
Other Income |
1.751 |
0.738 |
1.003 |
|
|
|
TOTAL |
466.627 |
434.330 |
406.311 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
173.873 |
185.670 |
159.377 |
|
|
|
Purchases of Stock-in-Trade |
40.279 |
51.902 |
35.624 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
4.954 |
(20.280) |
6.917 |
|
|
|
Employees benefits expense |
87.797 |
79.196 |
69.681 |
|
|
|
Other expenses |
118.263 |
101.452 |
106.020 |
|
|
|
TOTAL |
425.166 |
397.940 |
377.619 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
41.461 |
36.390 |
28.692 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
22.626 |
20.546 |
26.566 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)BEFORE
TAX, DEPRECIATION AND AMORTISATION |
18.835 |
15.844 |
2.126 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.365 |
9.398 |
10.791 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)BEFORE
TAX |
8.470 |
6.446 |
(8.665) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.719 |
1.140 |
(1.744) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)AFTER
TAX |
4.751 |
5.306 |
(6.921) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods on F.O.B. basis |
64.652 |
57.369 |
71.730 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
175.897 |
182.925 |
160.432 |
|
|
|
Tools |
2.891 |
6.000 |
10.148 |
|
|
|
Capital Goods |
2.276 |
15.846 |
24.090 |
|
|
TOTAL IMPORTS |
181.064 |
204.771 |
194.670 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
23.83 |
34.98 |
(46.00) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debt |
|
|
|
|
Term loans |
20.282 |
4.399 |
8.500 |
|
Unsecured loan from NBFC (vehicle loan) |
8.183 |
1.243 |
0.000 |
|
Total |
28.465 |
5.642 |
8.500 |
|
|
|
|
|
|
Cash generated from operations |
55.523 |
56.647 |
29.088 |
|
|
|
|
|
|
Net Cash from Operating Activities |
55.617 |
56.316 |
25.834 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
112.35 |
130.09 |
125.54 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.25 |
2.81 |
2.91 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
41.44 |
48.70 |
27.55 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.19 |
0.17 |
0.13 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.22 |
0.19 |
0.16 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.76 |
0.81 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.93 |
3.02 |
4.67 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.57 |
1.46 |
1.79 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.54 |
1.58 |
2.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.83 |
1.77 |
1.08 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.02 |
1.22 |
(1.71) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.81 |
0.91 |
(1.22) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.85 |
4.47 |
(8.04) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.98 |
2.23 |
2.46 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.84 |
1.00 |
1.01 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.21 |
0.20 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
18.10 |
17.99 |
26.73 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.98 |
2.23 |
2.46 |
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 |
15.045 |
19.935 |
19.935 |
|
Reserves & Surplus |
71.047 |
98.649 |
103.400 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
86.092 |
118.584 |
123.335 |
|
|
|
|
|
|
long-term borrowings |
297.152 |
261.648 |
234.146 |
|
Short term borrowings |
96.473 |
91.329 |
98.284 |
|
Current Maturities of Long
term debt |
8.500 |
5.642 |
28.465 |
|
Total
borrowings |
402.125 |
358.619 |
360.895 |
|
Debt/Equity
ratio |
4.671 |
3.024 |
2.926 |
%20PRIVATE%20LIMITED%20-%20488961_MIRA%2001-Feb-2018_files/image022.gif)
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 |
405.308 |
433.592 |
464.876 |
|
|
|
6.978 |
7.215 |
%20PRIVATE%20LIMITED%20-%20488961_MIRA%2001-Feb-2018_files/image024.gif)
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 |
405.308 |
433.592 |
464.876 |
|
Profit/(Loss) |
(6.921) |
5.306 |
4.751 |
|
|
(1.71%) |
1.22% |
1.02% |
%20PRIVATE%20LIMITED%20-%20488961_MIRA%2001-Feb-2018_files/image026.gif)
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 |
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 |
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 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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G02348019 |
100022915 |
RELIANCE CAPITAL
LTD |
29/04/2016 |
- |
- |
12000000.0 |
"H" BLOCK
1ST FLOORDHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNENAVI MUMBAIMA400710IN |
|
2 |
G74142217 |
90162228 |
BANK OF BARODA |
21/01/1989 |
16/01/2018 |
- |
218499000.0 |
JAWAHAR
ROADBILIMORAGJ396321IN |
|
3 |
Y10262615 |
90161368 |
BANK OF BARODA |
03/08/1974 |
- |
- |
200000.0 |
10/12 BOMBAY
SAMACHAR MARG FORTBOMBAYMHIN |
|
4 |
G06424501 |
90162221 |
BANK OF BARODA |
01/01/1989 |
- |
23/06/2016 |
2500000.0 |
JAWAHAR
ROADBILIMORAGJIN |
|
5 |
G06423925 |
90164401 |
BANK OF BARODA |
15/10/2003 |
- |
23/06/2016 |
850000.0 |
JAWAHAR ROAD
BRANCHBILIMORAGJIN |
|
6 |
G06423370 |
90161387 |
BANK OF BARODA |
14/03/1975 |
- |
23/06/2016 |
300000.0 |
BILIMORABILIMORAGJIN |
|
7 |
G06423784 |
90161604 |
BANK OF BARODA |
18/04/1981 |
- |
23/06/2016 |
850000.0 |
JAWAHAR ROAD
BRANCHBILIMORAGJIN |
|
8 |
G06424261 |
90161885 |
BANK OF BARODA |
26/08/1985 |
12/03/1986 |
23/06/2016 |
850000.0 |
JAWAHAR ROAD
BRANCHBILIMORAGJIN |
|
9 |
G06423602 |
90161484 |
BANK OF BARODA |
08/08/1978 |
- |
23/06/2016 |
450000.0 |
JAWAHAR ROAD
BILIMORA FISTBULSARGJIN |
|
10 |
G06422901 |
90161930 |
BANK OF BARODA |
13/02/1986 |
31/03/1987 |
23/06/2016 |
1500000.0 |
JAWAHAR ROAD
BRANCHBILIMORAGJIN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans from directors |
12.683 |
22.789 |
|
Loans from shareholders |
209.488 |
213.638 |
|
Loans from NBFC |
18.325 |
3.000 |
|
|
240.496 |
239.427 |
|
Less: Current maturities of the term loans |
8.183 |
1.243 |
|
|
|
|
|
Total |
232.313 |
238.184 |
STATE OF THE
COMPANY’S AFFAIRS
The total revenue of the company during the year ended 31st March
2017 stood at INR 464.876 million (previous year INR 433.592 million) and
earned profit of INR 4.751 million against the previous year’s profit of INR
5.306 million.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Bonds/undertaking given by the company
under concessional duty/exemption scheme to government authorities |
0.200 |
1.756 |
FIXED ASSETS:
Tangible Assets
· Freehold land
· Leasehold land
· Buildings
· Borewell
· Plant and Equipment
· Electrical Installation
· Office and Other Equipment
· Furniture and Fixture
·
Vehicles
Intangible Assets
· 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 63.69 |
|
UK Pound |
1 |
INR 90.35 |
|
Euro |
1 |
INR 79.21 |
INFORMATION
DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
ARC |
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.