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|
|
MIRA INFORM REPORT
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Report No. : |
489413 |
|
Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PHOENIX INDUSTRIES PRIVATE LIMITED |
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Formerly Known
As : |
PHOENIX INDUSTRIES LIMITED |
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Registered
Office : |
Plot No. 16, Survey No. 328/1/1/2, Masat Industrial Area, Masat, Silvassa - 396230, Dadra and Nagar Haveli |
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Tel. No.: |
91-22-40441111 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
19.05.1993 |
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Com. Reg. No.: |
54-005511 [New] 11-072060 [Old] |
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Capital
Investment / Paid-up Capital : |
INR 100.000 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U45200DN1993PTC005511 [New] U45200MH1993PTC072060 [Old] |
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IEC No.: |
0395022215 |
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GSTIN/UIN: |
Not Divulged |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAACP3819R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of refiners,
manufacture and trader of non-ferrous metal alloys. [Registered activity and also confirmed by
management] |
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|
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No. of Employees
: |
100 (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 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1993. It is a refiners,
manufacture and trader of non-ferrous metal alloys For the financial year ended 2017, the company has achieved a
satisfactory growth of 28.70% in its revenue as compared to the previous year
and has reported an average net profit margin of 3.29%. The company possesses healthy financial position marked by above
average net worth base along with low debt balance sheet profile and
comfortable liquidity parameters. Business is active. Payments are reported 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
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
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
31-03-2016.
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 PARTED BY
|
Name : |
Mr. Rajesh Gandhi |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-40441111 |
|
Date : |
31.01.2018 |
LOCATIONS
|
Registered Office / Factory 2=1: |
Plot No. 16, Survey No. 328/1/1/2, Masat Industrial Area,
Masat, Silvassa – 396230, Dadra and Nagar Haveli, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office/ Admn office: |
243, Udyog Bhavan, Sonawala Road, Goregaon, Mumbai – 400063,
Maharashtra, India |
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Tel. No.: |
91-22-40441111 |
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Fax No. : |
91-22-40441199 |
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|
|
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Factory 2: |
Plot No.15, Survey No. 101, Rakholi Village, Silvassa – 396230, Dadra
and Nagar Haveli, India |
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Tel. No.: |
91-260-2640231 |
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Fax No. : |
91-260-3298476 |
|
|
|
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Factory 3: |
11, Mahalaxmi Compound, Khandagale Estate, Purna Village, Bhiwandi,
Thane – 421302, Maharashtra, India |
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Tel. No.: |
91-22-404411111 |
|
Fax No. : |
91-22-40441199 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Anand Shyamsunder Sangai |
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Designation : |
Whole Time director |
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Address : |
1301, Meenaxi Tower, Krishna Vatika Marg, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India |
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Date of Birth/Age : |
19.05.1970 |
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Date of Appointment : |
30.08.1993 |
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PAN No.: |
AAFPS7627G |
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DIN No. : |
00036421 |
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Other Directorship:
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Name : |
Mr. Ramanand Shyamsunder Sangai |
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Designation : |
Whole Time director |
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|
Address : |
1301, Meenaxi Tower, Krishna Vatika Marg, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India |
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|
Date of Birth/Age : |
08.12.1961 |
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Date of Appointment : |
01.04.1999 |
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PAN No. : |
AAFPS7628K |
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DIN No. : |
00036589 |
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Other Directorship:
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|
||||||||||||
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Name : |
Mr. Shyamsunder Chunilal Sangai |
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Designation : |
Whole Time director |
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|
Address : |
1301, Meenaxi Tower, Krishna Vatika Marg, Gokuldham, Goregaon (East), Mumbai - 400063, Maharashtra, India |
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Date of Birth/Age : |
09.04.1938 |
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Date of Appointment : |
30.08.1993 |
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PAN No. : |
AAFPS7626H |
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DIN No. : |
00036511 |
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Other Directorship:
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Name : |
Mr. Amit Ramanand Sangai |
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Designation : |
Additional Director |
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Address : |
1301, Meenaxi Tower, Krishna Vatika Marg,, Near Gokuldham School, Gokuldham, Goregaon East, Mumbai - 400063, Maharashtra, India |
||||||||||||
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Date of Appointment : |
25.07.2016 |
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PAN No. : |
BYIPS0019Q |
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DIN No. : |
07336186 |
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KEY EXECUTIVES
|
Name : |
Mr. Rajesh Gandhi |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Shyamsundar S. Sangai |
|
2163500 |
|
Anand S. Sangai |
|
1872000 |
|
Anandi Devi Sangai |
|
1793000 |
|
Ramanand S. Sangai |
|
1770752 |
|
Alka A. Sangai |
|
730244 |
|
Salila R. Sangai |
|
659400 |
|
Amit Ramanand Sangai |
|
56933 |
|
Ramanand Sangai (HUF) |
|
330667 |
|
Shyamsundar Sangai (HUF) |
|
348752 |
|
Anand Sangai (HUF) |
|
242252 |
|
Ashana Sangai |
|
16000 |
|
Ashish Sangai |
|
16500 |
|
Total |
|
10000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.06.2017
|
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 refiners,
manufacture and trader of non-ferrous metal alloys. [Registered activity and also confirmed by management] |
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
(INR
In Million)
|
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Auditors : |
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|
Name : |
J.L. Bhatt and Company Chartered Accountants |
|
Address : |
207, Yusuf Building, 43, Mahatma Gandhi Road, Mumbai-400001, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACPB6933F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other related party : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 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 |
100.000 |
100.000 |
75.000 |
|
(b) Reserves & Surplus |
368.941 |
257.400 |
246.550 |
|
(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) |
468.941 |
357.400 |
321.550 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
2.520 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
20.024 |
18.070 |
15.623 |
|
Total
Non-current Liabilities (3) |
22.544 |
18.070 |
15.623 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
328.042 |
123.364 |
119.323 |
|
(b) Trade payables |
23.386 |
92.598 |
111.779 |
|
(c) Other current liabilities |
18.940 |
8.141 |
16.278 |
|
(d) Short-term provisions |
7.307 |
15.200 |
11.439 |
|
Total
Current Liabilities (4) |
377.675 |
239.303 |
258.819 |
|
|
|
|
|
|
TOTAL |
869.160 |
614.773 |
595.992 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
165.335 |
113.133 |
20.826 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
38.090 |
50.418 |
|
(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 |
2.588 |
1.740 |
15.539 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
167.923 |
152.963 |
86.783 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
198.026 |
142.717 |
131.042 |
|
(c) Trade receivables |
357.038 |
200.003 |
279.594 |
|
(d) Cash and cash equivalents |
26.434 |
13.684 |
22.561 |
|
(e) Short-term loans and
advances |
107.538 |
96.886 |
59.544 |
|
(f) Other current assets |
12.201 |
8.520 |
16.468 |
|
Total
Current Assets |
701.237 |
461.810 |
509.209 |
|
|
|
|
|
|
TOTAL |
869.160 |
614.773 |
595.992 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3391.068 |
2634.793 |
2817.496 |
|
|
Other Income |
19.817 |
10.400 |
10.378 |
|
|
TOTAL
|
3410.885 |
2645.193 |
2827.874 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1954.857 |
1474.128 |
1434.595 |
|
|
Purchases of Stock-in-Trade |
1177.416 |
930.506 |
1128.862 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(99.360) |
19.283 |
16.230 |
|
|
Employees benefits expense |
50.287 |
47.326 |
24.539 |
|
|
CSR expenditure |
1.650 |
1.550 |
0.000 |
|
|
Other expenses |
111.155 |
79.049 |
105.809 |
|
|
TOTAL |
3196.005 |
2551.842 |
2710.035 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
214.880 |
93.351 |
117.839 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
32.110 |
19.264 |
19.168 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
182.770 |
74.087 |
98.671 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
13.055 |
5.855 |
4.551 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
169.715 |
68.232 |
94.120 |
|
|
|
|
|
|
|
Less |
TAX |
58.173 |
23.321 |
32.740 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
111.542 |
44.911 |
61.380 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
11.15 |
4.49 |
8.18 |
Expected Sales (2017-2018): INR 3500.000 Million
The above information has been parted by Mr. Rajesh Gandhi (Accounts
Manager)
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 |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(80.408) |
106.624 |
188.319 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(136.062) |
83.304 |
155.579 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
38.43 |
27.71 |
36.22 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.50 |
13.17 |
10.08 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
2.73 |
14.06 |
15.92 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.09 |
0.65 |
0.90 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.30 |
0.62 |
1.65 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.43 |
0.39 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.70 |
0.35 |
0.37 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.81 |
0.67 |
0.80 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.35 |
0.42 |
0.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.69 |
4.85 |
6.15 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.29 |
1.70 |
2.18 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.83 |
7.31 |
10.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
23.79 |
12.57 |
19.09 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.86 |
1.93 |
1.97 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.33 |
1.33 |
1.46 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.54 |
0.58 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.28 |
1.23 |
1.59 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.86 |
1.93 |
1.97 |
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 |
75.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
246.550 |
257.400 |
368.941 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
321.550 |
357.400 |
468.941 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
119.323 |
123.364 |
328.042 |
|
Total
borrowings |
119.323 |
123.364 |
328.042 |
|
Debt/Equity
ratio |
0.371 |
0.345 |
0.700 |
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
|
2817.496 |
2634.793 |
3391.068 |
|
|
|
-6.485 |
28.703 |
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
|
2817.496 |
2634.793 |
3391.068 |
|
Profit |
61.380 |
44.911 |
111.542 |
|
|
2.18% |
1.70% |
3.29% |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
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 |
BRIEF DESCRIPTION OF THE COMPANY’S WORKING
DURING THE YEAR/STATE OF COMPANY’S AFFAIR
The Accounts of the Company for the year showed a profit of INR 111.542 Million after providing INR 13.055 Million for depreciation. During the year there was no significant change in the nature of business of the Company.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Term loans from banks |
74.029 |
49.443 |
|
Loans and advances from directors |
107.420 |
55.950 |
|
Loans and advances from others |
10.440 |
15.015 |
|
Total |
191.889 |
120.408 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G42729731 |
100094447 |
IDBI BANK LIMITED |
06/04/2017 |
- |
- |
330000000.0 |
ANDHERI(EAST)-MIDC BRANCH, MARIGOLD HOUSE PLOT NOA34, CROSS RD NO 2, MAROL, MIDC, ANDHERI EASTMUMBAIMH400093IN |
|
2 |
G12858031 |
100051908 |
CITI BANK N.A. |
24/05/2016 |
- |
- |
70000000.0 |
FIRST INTERNATIONAL FINANCIAL CENTRE,9TH FLOORPLOT NO. C-54 & 55, BKC, BANDRA (E)MUMBAIMH400051IN |
|
3 |
G53301248 |
100029133 |
DBS BANK LTD |
05/04/2016 |
14/07/2017 |
- |
120000000.0 |
806, ANNA SALAICHENNAITN600002IN |
|
4 |
G69118461 |
10320648 |
HDFC BANK LIMITED |
30/11/2011 |
18/01/2016 |
08/11/2017 |
190000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
B28432011 |
10049060 |
ORIENTAL BANK OF COMMERCE |
07/04/2007 |
- |
12/12/2011 |
10000000.0 |
GOREGOAN (EAST) BR, RAJNIGANDHA SHOPPING CENTREGOKULDHAM, FILM CITY ROAD, GOREGOAN (EAST)MUMBAIMH400063IN |
|
6 |
B28434363 |
90213351 |
ORIENTAL BANK OF COMMERCE |
20/04/1999 |
10/09/1999 |
12/12/2011 |
33183145.0 |
RAJNIGANDHI COMPLEX CENTRE; GUKULDHAM; FILM CITYGOREGAON EASTMUMBAIMH400063IN |
|
7 |
B28433118 |
10049046 |
ORIENTAL BANK OF COMMERCE |
07/04/2007 |
- |
12/12/2011 |
100000000.0 |
GOREGOAN (EAST) BR, RAJNIGANDHA SHOPPING CENTREGOKULDHAM, FILM CITY ROAD, GOREGOAN (EAST)MUMBAIMH400063IN |
|
8 |
B28435139 |
90214645 |
ORIENTAL BANK OF COMMERCE |
04/12/1996 |
- |
12/12/2011 |
6000000.0 |
RAJNIGANDHI COMPLEX CENTRE; GUKULDHAM; FILM CITYGOREGAON EASTMUMBAIMH400063IN |
|
9 |
B28433894 |
10020891 |
ORIENTAL BANK OF COMMERCE |
23/09/2006 |
07/04/2007 |
12/12/2011 |
100000000.0 |
GOREGOAN (EAST) BR, RAJNIGANDHA SHOPPING CENTREGOKULDHAM, FILM CITY ROAD, GOREGOAN (EAST)MUMBAIMH400063IN |
|
10 |
B28436640 |
90212686 |
ORIENTAL BANK OF COMMERCE |
24/06/1995 |
07/04/2007 |
12/12/2011 |
90000000.0 |
GOREGOAN (EAST) BR, RAJNIGANDHA SHOPPING CENTREGOKULDHAM, FILM CITY ROAD, GOREGOAN (EAST)MUMBAIMH400063IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
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 |
|
|
1 |
INR 90.35 |
|
Euro |
1 |
INR 79.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
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.