|
|
|
MIRA INFORM REPORT
|
Report No. : |
488778 |
|
Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRAKASH CHEMICALS INTERNATIONAL PRIVATE LIMITED |
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|
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Registered
Office : |
“Prakash House”, 39/40 Krishna Industrial Estate, Opposite BIDC Gorwa,
Vadodara – 390016, Gujarat |
|
Tel. No.: |
91-265-2774925/ 2772788 / 2773789 / 2771642/ 3926000 |
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|
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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|
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Date of
Incorporation : |
21.06.2002 |
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Com. Reg. No.: |
04-040891 |
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Capital
Investment / Paid-up Capital : |
INR 13.578 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ2002PTC040891 |
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|
IEC No.: |
3402001152 |
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GSTIN : |
24AACCP5395A1ZN |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BRDP01039D |
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|
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PAN No.: [Permanent Account No.] |
AACCP5395A |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, trader, exporter and importer of all kinds of chemical
and chemical compounds (organic and inorganic). [Registered activity and also confirmed by
management] Note: Line of business is updated as per latest annual report 2017 and it’s also confirmed by the management. |
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|
|
|
No. of Employees
: |
110 (Approximately) Note: As claimed by Mr. Mr. Jayesh Kumar
Verma (Finance Head) that there is an increase in the number
of employees over past years and current number employees are 110. |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 930000 |
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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 2002. It is a manufacturer, trader,
exporter and importer of all kinds of chemical and chemical compounds
(organic and inorganic). For the financial year 2017, the company has achieved revenue growth of 23.69% as compared to the precious year along with an average profit margin of 2.59%. The sound financial risk profile of the company is marked by adequate net worth base along with comfortable debt balance sheet profile. Rating takes into consideration the subject’s healthy Earning Per Share of INR 68.91 against the Face Value of INR 10. Payments seem to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Bank Facilities = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
25.04.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Bank Facilities = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
25.04.2017 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Jayesh Kumar Verma |
|
Designation : |
Finance Head |
|
Contact No.: |
91-265-3926000 |
|
Date : |
29.01.2018 |
LOCATIONS
|
Registered Office : |
“Prakash House”, 39/40 Krishna Industrial Estate, Opposite BIDC Gorwa,
Vadodara – 390016, Gujarat, India |
|
Tel. No.: |
91-265-2774925/ 2772788 / 2773789 / 2771642/ 3926000 |
|
Fax No.: |
91-265-2772992/ 3926046 / 3926122 |
|
E-Mail : |
|
|
Website : |
http://www.pciplindia.com http://www.prakashchemicals.com |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 1 : |
Z 54, SEZ, Dahej, Taluka Vagra, District Bharuch – 392130, Gujarat,
India |
|
Location : |
Owned |
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Factory 1 : |
Z 53, SEZ, Dahej, Taluka Vagra, District Bharuch – 392130, Gujarat,
India |
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Location : |
Owned |
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Overseas Office : |
Located At :
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DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Manish Kumarpal Shah |
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|
Designation : |
Managing director |
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Address : |
A 3, Springveli Society, Urmi Road, Near Ajit Nagar, Akota, Vadodara - 390005, Gujarat, India |
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Date of Birth/Age : |
13.12.1968 |
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Qualification : |
Gold medalist in Masters in Business Administration from MS University of Vadodara with specialization in Finance and International Trade |
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Date of Appointment : |
21.06.2002 |
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PAN No.: |
AFSPS8324L |
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DIN No.: |
00315521 |
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Other Directorship:
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|
||||||||||||||||||||||||||||
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Name : |
Mr. Pinakin Kumarpal Shah |
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Designation : |
Director |
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Address : |
7-Nandavan Society, Akota, Vadodara - 390020, Gujarat, India |
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Date of Birth/Age : |
18.09.1961 |
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Qualification : |
B. Com. |
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Date of Appointment : |
28.09.2002 |
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PAN No.: |
AFSPS8322N |
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DIN No.: |
00411629 |
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Other Directorship:
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|
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Name : |
Mr. Hardik Suryakant Shah |
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Designation : |
Director |
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Address : |
5 - Shriniketan Society, Sayajigunj, Jetalpur Road, Vadodara - 390005, Gujarat, India |
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Date of Birth/Age : |
02.03.1977 |
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Qualification : |
B. Com. |
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Date of Appointment : |
28.09.2002 |
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PAN No.: |
AFSPS8331P |
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DIN No.: |
00315509 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Dilip Kumarpal Shah |
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Designation : |
Director |
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Address : |
15-A, Urmi Society, B.P.C. Road, Vadodara - 390005, Gujarat, India |
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Date of Birth/Age : |
21.09.1956 |
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Qualification : |
B. Com. |
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Date of Appointment : |
21.06.2002 |
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PAN No.: |
AFSPS8320Q |
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DIN No.: |
00308782 |
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Other Directorship:
|
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Note: As per our previous database, Mr. Chirag Prakash Shah, Mr. Hitesh Chandrakant Shah, Mr. Prakash Chunilal Shah, Mr. Atul Chandrakant Shah and Arif Nooruddinbhai Bazi were the directors of the company, however, they does not appear in the current government registry records and the same has been confirmed with the management as well.
KEY EXECUTIVES
|
Name : |
Mr. Jayesh Kumar Verma |
|
Designation : |
Finance Head |
Note: As per our previous database records, Ms. Shruti Shah was the finance executive of the company, however, she does not appear in the current government registry records and the same has been confirmed with the management as well.
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sha Manish |
1320986 |
97.29 |
|
Shah Hardik |
14066 |
1.04 |
|
Ami Shah |
22713 |
1.67 |
|
Total |
1357765 |
100.00 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, trader, exporter and importer of all kinds of chemical
and chemical compounds (organic and inorganic). [Registered activity and also confirmed by
management] Note: Line of business is updated as per latest annual report 2017 and it’s also confirmed by the 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 : |
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Products : |
Chemicals |
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Countries : |
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Imports : |
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Products : |
Chemicals |
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Countries : |
China |
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Terms : |
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Selling : |
Cash, Advance Payment and Cheque |
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Purchasing : |
Cash, Advance Payment and Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and End Users
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No. of Employees : |
110 (Approximately) Note: As claimed by Mr. Mr. Jayesh Kumar
Verma (Finance Head) that there is an increase in the number of
employees over past years and current number employees are 110. |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Shah Shangvi and Company Chartered Accountants |
|
Address : |
2, Samarpan, 26 Haribhakti Colony, Race Course, Vadodara-390015, Gujarat, India |
|
PAN No.: |
AITPS7518Q |
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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Subsidiary Companies: |
|
|
|
|
|
Relative of
Key Management Personnel and Enterprises
over which KMP and relatives of KMP exercise significant influence : |
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
INR 10/- each |
INR 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1357765 |
Equity Shares |
INR 10/- each |
INR 13.578 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
13.578 |
14.553 |
14.553 |
|
(b) Reserves &
Surplus |
311.858 |
219.811 |
181.444 |
|
(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) |
325.436 |
234.364 |
195.997 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
56.031 |
37.131 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
10.217 |
7.651 |
6.118 |
|
(c) Other long term
liabilities |
3.064 |
3.042 |
0.944 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
69.312 |
47.824 |
7.062 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
422.132 |
560.331 |
454.701 |
|
(b) Trade payables |
148.070 |
106.535 |
81.948 |
|
(c) Other current
liabilities |
52.310 |
79.998 |
53.312 |
|
(d) Short-term provisions |
24.918 |
17.214 |
11.847 |
|
Total Current Liabilities
(4) |
647.430 |
764.078 |
601.808 |
|
|
|
|
|
|
TOTAL |
1042.178 |
1046.266 |
804.867 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
134.573 |
141.673 |
51.303 |
|
(ii) Intangible Assets |
6.666 |
0.357 |
0.517 |
|
(iii) Capital
work-in-progress |
22.397 |
18.405 |
77.244 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
22.565 |
19.338 |
15.238 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.226 |
4.220 |
43.095 |
|
(e) Other Non-current
assets |
0.000 |
1.216 |
2.433 |
|
Total Non-Current Assets |
190.427 |
185.209 |
189.830 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
111.291 |
65.291 |
51.955 |
|
(c) Trade receivables |
568.043 |
577.584 |
401.047 |
|
(d) Cash and cash
equivalents |
61.417 |
118.397 |
88.096 |
|
(e) Short-term loans and
advances |
90.069 |
68.465 |
49.670 |
|
(f) Other current assets |
20.931 |
31.320 |
24.269 |
|
Total Current Assets |
851.751 |
861.057 |
615.037 |
|
|
|
|
|
|
TOTAL |
1042.178 |
1046.266 |
804.867 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3606.561 |
2915.652 |
2222.465 |
|
|
Other Income |
42.253 |
24.426 |
46.444 |
|
|
TOTAL |
3648.814 |
2940.078 |
2268.909 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
3009.781 |
2392.886 |
1839.077 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(43.477) |
(14.015) |
(6.726) |
|
|
Employees benefits
expense |
85.023 |
61.790 |
48.452 |
|
|
CSR expenditure |
1.150 |
1.188 |
0.000 |
|
|
Other expenses |
406.254 |
356.955 |
290.520 |
|
|
TOTAL |
3458.731 |
2798.804 |
2171.323 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
190.083 |
141.274 |
97.586 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
33.525 |
34.899 |
29.999 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
156.558 |
106.375 |
67.587 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
8.563 |
9.391 |
6.731 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
147.995 |
96.984 |
60.856 |
|
|
|
|
|
|
|
Less |
TAX |
54.484 |
33.618 |
20.493 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
93.511 |
63.366 |
40.363 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
3304.697 |
2683.582 |
1927.489 |
|
|
TOTAL EARNINGS |
3304.697 |
2683.582 |
1927.489 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
68.91 |
43.54 |
66.04 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
13.177 |
9.501 |
1.983 |
|
Cash generated from operations |
116.249 |
(30.071) |
90.736 |
|
Net cash flow from operating activity |
69.837 |
(59.246) |
72.525 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
57.49 |
72.31 |
65.86 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
6.35 |
5.05 |
5.54 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
17.96 |
16.25 |
16.26 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.71 |
2.16 |
1.88 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.16 |
0.88 |
0.76 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.69 |
0.77 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.51 |
2.59 |
2.33 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.99 |
3.26 |
3.07 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.50 |
0.68 |
0.66 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.67 |
4.05 |
3.25 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
2.59 |
2.17 |
1.82 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.97 |
6.06 |
5.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
28.73 |
27.04 |
20.59 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.32 |
1.13 |
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.14 |
1.04 |
0.94 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.31 |
0.22 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
36.19 |
41.71 |
31.38 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.32 |
1.13 |
1.02 |
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 |
14.553 |
14.553 |
13.578 |
|
Reserves & Surplus |
181.444 |
219.811 |
311.858 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
195.997 |
234.364 |
325.436 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
37.131 |
56.031 |
|
Short term borrowings |
454.701 |
560.331 |
422.132 |
|
Current Maturities of
Long term debt |
1.983 |
9.501 |
13.177 |
|
Total borrowings |
456.684 |
606.963 |
491.340 |
|
Debt/Equity ratio |
2.330 |
2.590 |
1.510 |
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 |
2222.465 |
2915.652 |
3606.561 |
|
|
|
31.190 |
23.697 |
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 |
2222.465 |
2915.652 |
3606.561 |
|
Profit |
40.363 |
63.366 |
93.511 |
|
|
1.82% |
2.17% |
2.59% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
13.578 |
14.553 |
|
(b) Reserves &
Surplus |
|
349.440 |
247.356 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
(3) Minority interest |
|
0.261 |
2.137 |
|
Total Shareholders’ Funds
(1) + (2) |
|
363.279 |
264.046 |
|
|
|
|
|
|
(4) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
56.006 |
37.131 |
|
(b) Deferred tax liabilities
(Net) |
|
7.147 |
3.847 |
|
(c) Other long term
liabilities |
|
3.064 |
3.043 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
66.217 |
44.021 |
|
|
|
|
|
|
(5) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
422.132 |
560.331 |
|
(b) Trade payables |
|
174.126 |
122.903 |
|
(c) Other current
liabilities |
|
60.841 |
81.448 |
|
(d) Short-term provisions |
|
26.045 |
17.782 |
|
Total Current Liabilities
(4) |
|
683.144 |
782.464 |
|
|
|
|
|
|
TOTAL |
|
1112.640 |
1090.531 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
142.410 |
151.233 |
|
(ii) Intangible Assets |
|
6.673 |
0.357 |
|
(iii) Capital
work-in-progress |
|
22.397 |
18.405 |
|
(iv) Intangible assets
under development |
|
3.329 |
2.585 |
|
(b) Non-current
Investments |
|
11.520 |
8.293 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.367 |
1.068 |
|
(e) Other Non-current
assets |
|
0.000 |
1.217 |
|
Total Non-Current Assets |
|
187.696 |
183.158 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
140.525 |
90.976 |
|
(c) Trade receivables |
|
582.505 |
573.486 |
|
(d) Cash and cash
equivalents |
|
71.420 |
131.846 |
|
(e) Short-term loans and
advances |
|
93.211 |
71.217 |
|
(f) Other current assets |
|
37.283 |
39.848 |
|
Total Current Assets |
|
924.944 |
907.373 |
|
|
|
|
|
|
TOTAL |
|
1112.640 |
1090.531 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
3706.957 |
3012.196 |
|
|
Other Income |
|
43.168 |
23.793 |
|
|
TOTAL |
|
3750.125 |
3035.989 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
3089.461 |
2442.155 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(49.041) |
(3.169) |
|
|
Employees benefits
expense |
|
86.276 |
63.500 |
|
|
CSR expenditure |
|
1.151 |
0.000 |
|
|
Other expenses |
|
429.476 |
389.155 |
|
|
TOTAL |
|
3557.323 |
2891.641 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
192.802 |
144.348 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
33.534 |
35.056 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
159.268 |
109.292 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
9.922 |
11.044 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
149.346 |
98.248 |
|
|
|
|
|
|
|
Less |
TAX |
|
55.918 |
32.766 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
93.428 |
65.482 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
68.81 |
44.99 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The Registered Office of the company has been shifted from Induchacha
House, Opposite Chhani Octroi Naka, Vadodara - 390002, Gujarat, India to the
present address w.e.f. 01.06.2011.
Note: Baroda city has now officially been renamed as Vadodara.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
11.997 |
1.407 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
0.046 |
0.046 |
|
Total |
12.043 |
1.453 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G75108977 |
80010075 |
Bank of Baroda |
27/06/2005 |
01/12/2017 |
1099000000.0 |
Ground Floor, Suraj Plaza Building 1, Sayajigunj, Vadodara-390005, Gujarat, India |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Office equipment
- Computer
- Vehicles
Intangible Asset:
· 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 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 63.69 |
|
|
1 |
INR 90.35 |
|
Euro |
1 |
INR 79.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.