|
|
|
MIRA INFORM REPORT
|
Report No. : |
488868 |
|
Report Date : |
02.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
EMPILON FABRICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, Roop Industries, Andheri Kurla Road, Sakinaka,
Andheri East Mumbai – 400072, Maharashtra |
|
Tel. No.: |
91-260-2565211/28510611 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
21.01.2003 |
|
|
|
|
Com. Reg. No.: |
11- 138759 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 44.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17110MH2003PTC138759 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE1249F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, dyeing, processing, bleaching, trading, importing
and exporting of all types of synthetics and cotton fabrics yarn. [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 |
|
Maximum Credit Limit : |
USD 970000 INR 68000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2003. It is engaged in
manufacturing, dyeing, processing, bleaching, trading, importing and exporting
of all type of synthetics and cotton fabric yarn. For the financial year 2017, the company has reported dip in its
revenue as compared to the previous year but has managed to maintain a decent
profit margin of 8.21%. The sound financial risk profile of the company is marked by adequate
net worth base along with negligible debt balance sheet profile. Payments seems to be regular. 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
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 02.02.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE (91-260-2565211/91-22-28510611)
GIVEN NUMBER 91-22-08510611/8901 – INCORRECT
LOCATIONS
|
Registered Office : |
2nd Floor, Roop Industries, Andheri Kurla Road, Sakinaka,
Andheri East Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-28510611/28518901/28515394 |
|
Fax No.: |
91-22-28516755 |
|
E-Mail : |
|
|
|
|
|
Factory: |
Plot No. 189, GIDC, Umbergaon, District Valsad, Gujarat, India |
|
Tel. No.: |
91-260-2565211 |
|
Fax No.: |
91-260-2560992 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sankalp Rajendrakumar Tikiya |
||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||
|
Address : |
Shivling, 10th Road, JVPD Scheme, Opposite IDBI Bank,
Juhu, Mumbai 400049, Maharashtra, India |
||||||||||||||||
|
Date of Appointment : |
25.02.2016 |
||||||||||||||||
|
DIN No.: |
07417161 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Vivek Premprakash Kamal |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
D- Nest, 4th Gulmohur Road, Flat No 41, JVPD Scheme, Vile
Palre West, Mumbai - 400049, Maharashtra, India |
||||||||||||||||
|
Date of Appointment : |
21.01.2003 |
||||||||||||||||
|
DIN No.: |
00682302 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Rajenderkumar Tikiya |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
41, 4TH Floor, Shivling Apartment, N. S. Road No. 10 J. V.
P. D. Scheme Mumbai – 400049, Maharashtra, India |
||||||||||||||||
|
Date of Appointment : |
21.01.2003 |
||||||||||||||||
|
DIN No.: |
01353280 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Surender Kumar Tikiya |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
601, 6th Floor, Vienna Building, J.V.P.D. Scheme, Gulmohar
Cross Road No 4, Ville Parle (West), Mumbai - 400049, Maharashtra, India |
||||||||||||||||
|
Date of Appointment : |
21.01.2003 |
||||||||||||||||
|
DIN No.: |
01995995 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Puneet Mahenderkumar Kamal |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
104, Magnum Opus 7, Bunglow, Andheri (West), Mumbai -
400061, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
14.01.1984 |
||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
||||||||||||||||
|
DIN No.: |
03089290 |
||||||||||||||||
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|
||||||||||||||||
|
Name : |
Mrs. Monika V Kamal |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
The Nest, 4th Gulmohar, Cross Road, Opposite Club Millenium
Juhu, Vile- Parle-West, Mumbai - 400049, Maharashtra, India |
||||||||||||||||
|
Date of Appointment : |
30.09.2014 |
||||||||||||||||
|
DIN No.: |
06936204 |
||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Poonam S. Tikiya |
|
15000 |
|
Poonam R Tikiya |
|
38000 |
|
Chanchal P. Kamal |
|
33000 |
|
Mohinder Kumar Tikiya HUF |
|
1000 |
|
Vivek P. Kamal |
|
23000 |
|
Prem P. Kamal |
|
26100 |
|
Rajender Kumar Tikiya |
|
18000 |
|
Urmil S. Tikiya |
|
1000 |
|
Kamal Fabrics Exports Private Limited, India |
|
20000 |
|
Surender Kumar Tikiya |
|
43100 |
|
Prem P. Kamal Huf |
|
15000 |
|
Surender Kumar Tikiya HUF |
|
1000 |
|
Rajender Kumar Tikiya HUF |
|
1000 |
|
Mohinder Kumar Tikiya |
|
43000 |
|
Puneetm. Kamal |
|
41100 |
|
Niharika S. Tikiya |
|
3100 |
|
Sakhshi R. TIKIYA |
|
100 |
|
Subhash D. Tikiya |
|
25000 |
|
Saurabh S. Tikiya |
|
5100 |
|
Sankalp R. Tikiya |
|
38100 |
|
Rahul S. Tikiya |
|
38100 |
|
Monika V. Kamal |
|
1000 |
|
Subhash D. Tikiya HUF |
|
200 |
|
Sudhir Pahuja |
|
10000 |
|
Shweta S. Tikiya |
|
1000 |
|
Total |
|
441000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
95.46 |
|
Promoters- Body corporate |
4.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, dyeing, processing, bleaching, trading,
importing and exporting of all types of synthetics and cotton fabrics yarn. [Registered Activity] |
||||
|
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|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
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Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers (AS ON 31.03.2016): |
|
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|
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Customers (AS ON 31.03.2016): |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
O.P. Gupta and Associates Chartered Accountants |
|
Address : |
B-005, Ground Floor, Meena Apaartment, 71, Kasturba Road, Off S V
Road, Malad Railway Station Raod, Near Bharat Co-Operative Bank, Malad
(West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-28880777/28880555 |
|
Mobile No.: |
91-9322226490 |
|
E-Mail : |
|
|
Website: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFPG5795H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related party : |
|
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
441000 |
Equity Shares |
INR 100/- each |
INR 44.100 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 |
44.100 |
44.100 |
44.100 |
|
(b) Reserves &
Surplus |
295.435 |
271.869 |
238.337 |
|
(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) |
339.535 |
315.969 |
282.437 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
65.436 |
0.912 |
5.001 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
65.436 |
0.912 |
5.001 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
6.518 |
(3.398) |
24.305 |
|
(b) Trade payables |
9.438 |
8.440 |
14.572 |
|
(c) Other current
liabilities |
0.431 |
2.046 |
1.528 |
|
(d) Short-term provisions |
2.165 |
5.910 |
6.140 |
|
Total Current Liabilities
(4) |
18.552 |
12.998 |
46.545 |
|
|
|
|
|
|
TOTAL |
423.523 |
329.879 |
333.983 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
176.885 |
46.834 |
50.370 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
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 |
62.595 |
103.374 |
99.920 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
239.480 |
150.208 |
150.290 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
77.518 |
80.448 |
66.180 |
|
(b) Inventories |
58.576 |
39.132 |
54.291 |
|
(c) Trade receivables |
45.144 |
58.662 |
61.375 |
|
(d) Cash and cash
equivalents |
2.805 |
0.919 |
0.473 |
|
(e) Short-term loans and
advances |
0.000 |
0.510 |
1.374 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
184.043 |
179.671 |
183.693 |
|
|
|
|
|
|
TOTAL |
423.523 |
329.879 |
333.983 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
287.442 |
310.458 |
340.911 |
|
|
Other Income |
16.609 |
24.059 |
21.388 |
|
|
TOTAL |
304.051 |
334.517 |
362.299 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
255.531 |
240.490 |
289.393 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(19.444) |
15.159 |
(4.126) |
|
|
Employees benefits
expense |
13.461 |
12.484 |
11.834 |
|
|
Other Administrative
expenses |
11.266 |
12.100 |
13.052 |
|
|
TOTAL |
260.814 |
280.233 |
310.153 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
43.237 |
54.284 |
52.146 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
6.384 |
1.662 |
1.869 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
36.853 |
52.622 |
50.277 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.041 |
5.655 |
6.101 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
31.812 |
46.967 |
44.176 |
|
|
|
|
|
|
|
Less |
TAX |
8.223 |
13.436 |
12.666 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
23.589 |
33.531 |
31.510 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
247.568 |
214.037 |
182.529 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Tax on regular Assessment
paid |
0.022 |
0.000 |
0.002 |
|
|
Balance Carried to the
B/S |
271.135 |
247.568 |
214.037 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
53.00 |
76.00 |
71.00 |
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 |
41.747 |
21.541 |
|
|
|
|
|
|
Net cash flows from operating activities |
NA |
28.310 |
8.873 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
57.32 |
68.97 |
65.71 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.37 |
5.29 |
5.55 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
13.48 |
12.81 |
18.38 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.74 |
1.39 |
0.96 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.24 |
1.16 |
1.04 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.20 |
0.04 |
0.15 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.21 |
-0.01 |
0.10 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.05 |
0.04 |
0.16 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.52 |
0.15 |
0.18 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.77 |
32.66 |
27.90 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.21 |
10.80 |
9.24 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.57 |
10.16 |
9.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.95 |
10.61 |
11.16 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
9.92 |
13.82 |
3.95 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
6.76 |
10.81 |
2.78 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.80 |
0.96 |
0.85 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.63 |
-0.06 |
0.66 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
9.92 |
13.82 |
3.95 |
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 |
44.100 |
44.100 |
44.100 |
|
Reserves & Surplus |
238.337 |
271.869 |
295.435 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
282.437 |
315.969 |
339.535 |
|
|
|
|
|
|
Long Term borrowings |
5.001 |
0.912 |
65.436 |
|
Short Term borrowings |
24.305 |
(3.398) |
6.518 |
|
Total
borrowings |
29.306 |
(2.486) |
71.954 |
|
Debt/Equity
ratio |
0.104 |
(0.008) |
0.212 |
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
|
340.911 |
310.458 |
287.442 |
|
|
|
(8.933) |
(7.414) |
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
|
340.911 |
310.458 |
287.442 |
|
Profit |
31.510 |
33.531 |
23.589 |
|
|
9.24% |
10.80% |
8.21% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
44.100 |
44.100 |
|
(b) Reserves &
Surplus |
|
295.435 |
271.868 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Minority Interests |
|
227.743 |
203.695 |
|
Capital Reserve/ Goodwill |
|
97.329 |
81.296 |
|
Total Shareholders’ Funds
(1) + (2) |
|
664.607 |
600.959 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
204.093 |
194.294 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
204.093 |
194.294 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
28.009 |
14.089 |
|
(b) Trade payables |
|
78.910 |
65.574 |
|
(c) Other current
liabilities |
|
1.904 |
3.548 |
|
(d) Short-term provisions |
|
6.325 |
11.741 |
|
Total Current Liabilities
(4) |
|
115.148 |
94.952 |
|
|
|
|
|
|
TOTAL |
|
983.848 |
890.205 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
276.763 |
317.473 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
135.093 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
12.708 |
3.996 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
69.948 |
107.773 |
|
(e) Other Non-current
assets |
|
0.092 |
0.119 |
|
Total Non-Current Assets |
|
494.604 |
429.361 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
23.018 |
25.949 |
|
(b) Inventories |
|
165.670 |
156.221 |
|
(c) Trade receivables |
|
292.002 |
272.595 |
|
(d) Cash and cash
equivalents |
|
4.615 |
1.633 |
|
(e) Short-term loans and
advances |
|
3.939 |
4.446 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
489.244 |
460.844 |
|
|
|
|
|
|
TOTAL |
|
983.848 |
890.205 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
966.231 |
970.102 |
|
|
Other Income |
|
38.576 |
55.512 |
|
|
TOTAL |
|
1004.807 |
1025.614 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
791.420 |
770.316 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(9.449) |
(2.672) |
|
|
Employees benefits
expense |
|
28.933 |
26.792 |
|
|
Other expenses |
|
44.727 |
43.902 |
|
|
TOTAL |
|
855.631 |
838.338 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
149.176 |
187.276 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
30.140 |
30.110 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
119.036 |
157.166 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
44.494 |
56.329 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
74.542 |
100.837 |
|
|
|
|
|
|
|
Less |
TAX |
|
21.114 |
28.222 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
53.428 |
72.615 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
121.15 |
164.66 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
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 |
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 |
OPERATIONS AND
FUTURE OUTLOOK AND STATE OF COMPANY'S AFFAIRS AND CHANGE IN NATURE OF BUSINESS
IF ANY:
During the year, the Company has earned a total of INR 287.442 Million from Operations and earned a Net Profit of INR 23.589 Million as against a Net Profit of INR 33.532 Million in Financial Year 2015-16.
There was no change in the business of the Company during the Financial Year 2016-17.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans from directors |
23.791 |
0.864 |
|
Total |
23.791 |
0.864 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G30087431 |
100051121 |
AXIS BANK
LIMITED |
23/08/2016 |
13/12/2016 |
- |
90000000.0 |
SENORITA,
PLOT NO 21,GULMOHAR ROAD,JVPD, NEAR JUHUVILEPARLE WESTMUMBAIMH400049IN |
|
2 |
B74320912 |
10383009 |
AXIS
BANK LIMITED |
27/09/2012 |
28/03/2013 |
- |
27500000.0 |
CORPROATE
BANKING BRANCH,AXIS HOUSE,GR FLOORBOMBAY DYING MILL COMPOUND,P.B.
MARG,WORLIMUMBAIMH400025IN |
|
3 |
G62972203 |
10439773 |
AXIS
BANK LIMITED |
03/12/2012 |
- |
01/11/2017 |
217000000.0 |
GROUND
FLOOR, AXIS HOUSE,BOMBAY DYEING MILLS COMPOUND, P B MARG, WORLIMUMBAIMH400025IN |
|
4 |
B65693707 |
90148313 |
BANK OF
BARODA |
23/06/2003 |
22/06/2012 |
05/01/2013 |
27500000.0 |
VERSOVA
BRANCH, MANISH MARKET, 1ST FLOOR,J.P. ROAD, FOUR BUNGLOWS, VERSOVA, ANDHERI
WEST,MUMBAIMH400053IN |
|
5 |
B66285834 |
90148992 |
BANK OF
BARODA |
09/12/2004 |
- |
05/01/2013 |
8500000.0 |
VARSOVA
BRANCHANDHERIMUMBAIMH400058IN |
|
6 |
B65698276 |
10050580 |
BANK OF
BARODA |
16/04/2007 |
- |
05/01/2013 |
15000000.0 |
VERSOVA
BRANCH, MANISH MARKET, 1ST FLOOR,J.P. ROAD, FOUR BUNGLOWS, VERSOVA, ANDHERI
WEST,MUMBAIMH400053IN |
|
7 |
B66286279 |
80013662 |
BANK OF
BARODA |
25/08/2003 |
22/06/2012 |
05/01/2013 |
27500000.0 |
VERSOVA
BRANCH, MANISH MARKET, 1ST FLOOR,J.P. ROAD, FOUR BUNGLOWS, VERSOVA, ANDHERI
WEST,MUMBAIMH400053IN |
|
8 |
B64301906 |
10101646 |
BANK OF
BARODA |
25/09/2006 |
- |
05/12/2012 |
15000000.0 |
VERSOVA
BRANCHVERSOVA, ANDHERI WEST,MUMBAIMH400058IN |
FIXED ASSETS:
- Land
- Building
- Office Building
- Plant and Machinery
- Furniture and Fixtures
- Office Equipment’s
- Computer
- Electric Fittings
- Air Conditioner
- Tools and Equipment’s
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 63.61 |
|
|
1 |
INR 90.18 |
|
Euro |
1 |
INR 78.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
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.