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|
MIRA INFORM REPORT
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Report No. : |
489564 |
|
Report Date : |
02.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHAKO FLEXI PACK PRIVATE LIMITED
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Registered
Office : |
1006, 10th Floor, "Shivalik Abaise", Opposite Shell Petrol
Pump, 100 FT Ring Road, Prahladnagar, Ahmedabad – 380015, Gujarat |
|
Tel. No.: |
91-79-40325585 |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
03.03.1992 |
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Com. Reg. No.: |
04-017211 |
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Capital
Investment / Paid-up Capital : |
INR 16.000 Million |
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CIN No.: [Company Identification
No.] |
U51100GJ1992PTC017211 |
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IEC No.: |
Not Divulged |
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GSTIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMS00676E |
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PAN No.: [Permanent Account No.] |
AADCS9281R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Flexible Multiplayer, Multi-coloured
printed plastic packing material in roll and Pouch form. (Registered
Activity) |
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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 |
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Status : |
Satisfactory |
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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 1992 and it is a manufacturer of
flexible packaging primarily used for packing food, healthcare and
pharmaceutical products, chemicals and cosmetics. As per financials of March 2017, the company has registered decline in
its revenue as compared to its previous year’s revenue and has reported good
profit margin of 6.51%. Rating takes into consideration the company’s established track record
of business operations marked by sound net worth base along with a low
solvency indicators and decent liquidity position. Rating also takes into account the extensive experience of its
promoters in the packaging industry and established customer relationship. Further, the company has reported a good earnings per share of INR
33.49 against its face value of INR 10. However, rating strengths are partially offset by exposure to intense
competition in flexible packaging industry and susceptibility to volatility
in raw material prices. Payment seems 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating (BBB-) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
19.06.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating (A3) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
19.06.2017 |
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 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 BY
|
Name : |
Mr. Vasant |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-40638000 |
|
Date : |
01.02.2018 |
91-2764-278248 (Continuously Ringing)
LOCATIONS
|
Registered Office : |
1006, 10th Floor, "Shivalik Abaise", Opposite Shell Petrol
Pump, 100 FT Ring Road, Prahladnagar, Ahmedabad – 380015, Gujarat,
India |
|
Tel. No.: |
91-79-40325585 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
1023, 1024, Gumasan, Next to Sandvik Asia Limited, Mehsana
Highway, Village Rajpur, Taluka Kadi Mehsana, Mehsana – 382715, Gujarat,
India |
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Tel. No.: |
91-2764-278291 / 278248 |
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E-Mail : |
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Marketing Office : |
Office 132, 3rd Floor, Champaklal Industrial Estate, Near Sion Telephone Exchange, Sion (East), Mumbai-400022, Maharashtra, India |
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Tel. No.: |
91-22-40638002 |
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Fax No.: |
91-22-24012824 |
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E-Mail : |
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Branch Address: |
A-132, Someshwar Complex-1, Popular Plaza, 132 FT Ring Road, Satellite, Ahmedabad – 380015, Gujarat, India |
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Tel. No.: |
91-2764-233075 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bhupendra Nandlal Kothari |
|
Designation : |
Managing Director |
|
Address : |
904, Kanha Tower, Parthsarthi Avenue, 132 FT Ring Road, Stellite,
Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
06.01.1943 |
|
Qualification : |
B. com |
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Date of Appointment : |
18.03.1992 |
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DIN No.: |
01520501 |
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|
|
|
Name : |
Mr. Vikram Nanchand Shah |
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Designation : |
Director |
|
Address : |
Flat No.6, 3rd Floor, Gujarat Society, Plot No.198-A,
Mumbai – 400022, Maharashtra, India |
|
Date of Birth/Age : |
11.05.1944 |
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Qualification : |
M. E. |
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Date of Appointment : |
03.03.1992 |
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DIN No.: |
00489281 |
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|
|
|
Name : |
Mr. Vivek Bhupendra Kothari |
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Designation : |
Director |
|
Address : |
904, Kanha Tower, Parthsarthi Avenue, 132 FT Ring Road, Stellite,
Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
08.11.1976 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
11.11.2000 |
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DIN No.: |
01520531 |
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|
|
|
Name : |
Mr. Rahul Vikram Shah |
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Designation : |
Director |
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Address : |
198, A/6, Gujarat Society, Sion (West), Mumbai – 400022, Maharashtra,
India |
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Date of Birth/Age : |
24.01.1976 |
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Qualification : |
Diploma Polymer Engineer |
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Date of Appointment : |
11.11.2000 |
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DIN No.: |
01798888 |
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|
|
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Name : |
Mr. Kaushal Vikram Shah |
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Designation : |
Director |
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Address : |
198, A/6, Gujarat Society, Sion (West), Mumbai – 400022, Maharashtra,
India |
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Date of Birth/Age : |
04.02.1974 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
01.05.2004 |
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DIN No.: |
01798886 |
KEY EXECUTIVES
|
Name : |
Ravi Kapoor and Associates |
|
Designation : |
Company Secretary and Trade mark |
|
Address : |
4th Floor, Shaival Plaza, Gujarat Collage Road,
Ellisbridge, Ahmedabad – 380006, Gujarat, India |
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Tel. No: |
91-79-26420336/ 7/ 9 |
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Fax. No: |
91-79-26424100 |
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Mob. No: |
91-9825063147 |
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Email: |
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Website: |
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|
Name : |
Mr. Vasant |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Bhupendra Nandlal Kothari |
|
392750 |
|
Vivek Bhupendra Kothari |
|
247990 |
|
Vikram Nanchand Shah |
|
340500 |
|
Kaushal Vikram Shah |
|
163950 |
|
Rahul Vikram Shah |
|
164400 |
|
Shivani V Kothari |
|
49020 |
|
Mousmai B Kothari |
|
51090 |
|
Vaishali B Kothari |
|
53650 |
|
Bharti V Shah |
|
101600 |
|
Shital K. Shah |
|
14700 |
|
Amishi R. Shah |
|
14850 |
|
Bhupendra N. Kothari (HUF) |
|
5500 |
|
Total |
|
1600000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturing of Flexible Multiplayer,
Multi-coloured printed plastic packing material in roll and Pouch form.
(Registered Activity) |
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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 : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Dalal and Associates Chartered Accountants |
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Address : |
A/4/2, Prarambh Complex, Behind State Bank of India, Swastik Society, Navrangpura,
Ahmedabad – 380009, Gujarat, India |
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Tel. No.: |
91-79-30020606 |
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Fax No.: |
91-79-26404467 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
ADQPD5319J |
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Membership Number: |
032711 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
As on: 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1750000 |
Equity Shares |
INR 10/- each |
INR 17.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1600000 |
Equity Shares |
INR 10/- each |
INR 16.000 Million |
|
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|
|
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 |
16.000 |
16.000 |
16.000 |
|
(b) Reserves & Surplus |
234.472 |
182.170 |
116.383 |
|
(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) |
250.472 |
198.170 |
132.383 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
22.453 |
33.161 |
34.271 |
|
(b) Deferred tax liabilities (Net) |
25.897 |
23.299 |
21.119 |
|
(c) Other long term
liabilities |
19.857 |
18.510 |
29.516 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
68.207 |
74.970 |
84.906 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
42.215 |
38.942 |
58.624 |
|
(b) Trade
payables |
100.648 |
95.058 |
92.930 |
|
(c) Other
current liabilities |
40.099 |
35.638 |
39.506 |
|
(d) Short-term
provisions |
29.847 |
36.646 |
14.416 |
|
Total Current
Liabilities (4) |
212.809 |
206.284 |
205.476 |
|
|
|
|
|
|
TOTAL |
531.488 |
479.424 |
422.765 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
180.724 |
182.762 |
167.320 |
|
(ii) Intangible
Assets |
0.235 |
0.012 |
0.036 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
180.959 |
182.774 |
167.356 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
1.144 |
0.000 |
0.000 |
|
(b)
Inventories |
64.716 |
57.086 |
60.227 |
|
(c) Trade
receivables |
134.098 |
123.109 |
104.790 |
|
(d) Cash
and cash equivalents |
64.506 |
45.303 |
26.516 |
|
(e)
Short-term loans and advances |
86.065 |
71.152 |
63.876 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
350.529 |
296.650 |
255.409 |
|
|
|
|
|
|
TOTAL |
531.488 |
479.424 |
422.765 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
823.277 |
846.082 |
667.222 |
|
|
Other Income |
28.377 |
14.975 |
11.251 |
|
|
TOTAL |
851.654 |
861.057 |
678.473 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
523.669 |
543.157 |
466.475 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
7.268 |
(6.580) |
(2.240) |
|
|
Employees benefits expense |
31.030 |
26.847 |
22.386 |
|
|
Other expenses |
183.384 |
168.906 |
128.289 |
|
|
Exceptional Items |
(0.038) |
(0.129) |
0.003 |
|
|
TOTAL |
745.313 |
732.201 |
614.913 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
106.341 |
128.856 |
63.560 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.323 |
10.637 |
8.656 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
98.018 |
118.219 |
54.904 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
15.336 |
13.618 |
11.748 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
82.682 |
104.601 |
43.156 |
|
|
|
|
|
|
|
Less |
TAX |
29.098 |
36.277 |
14.082 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
53.584 |
68.324 |
29.074 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
299.627 |
919.574 |
200.158 |
|
|
TOTAL
EARNINGS |
299.627 |
919.574 |
200.158 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
4.866 |
3.356 |
1.122 |
|
|
TOTAL
IMPORTS |
4.866 |
3.356 |
1.122 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
33.49 |
42.7 |
20.77 |
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 |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
53.516 |
72.818 |
38.032 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
59.45 |
53.11 |
57.32 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.14 |
6.87 |
6.37 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
70.15 |
63.88 |
72.71 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.64 |
2.26 |
1.06 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.59 |
0.71 |
0.38 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.44 |
0.50 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /
Networth) |
0.26 |
0.36 |
0.70 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.85 |
1.04 |
1.55 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.72 |
0.92 |
1.26 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
12.78 |
12.11 |
7.34 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
6.51 |
8.08 |
4.36 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
10.08 |
14.25 |
6.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
21.39 |
34.48 |
21.96 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.65 |
1.44 |
1.24 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.34 |
1.16 |
0.95 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.47 |
0.41 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.04 |
4.51 |
5.81 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.65 |
1.44 |
1.24 |
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 |
16.000 |
16.000 |
16.000 |
|
Reserves & Surplus |
116.383 |
182.170 |
234.472 |
|
Net
worth |
132.383 |
198.170 |
250.472 |
|
|
|
|
|
|
long-term borrowings |
34.271 |
33.161 |
22.453 |
|
Short term borrowings |
58.624 |
38.942 |
42.215 |
|
Total
borrowings |
92.895 |
72.103 |
64.668 |
|
Debt/Equity
ratio |
0.702 |
0.364 |
0.258 |
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 |
667.222 |
846.082 |
823.277 |
|
|
|
26.807 |
(2.695) |
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 |
667.222 |
846.082 |
823.277 |
|
Profit |
29.074 |
68.324 |
53.584 |
|
|
4.36% |
8.08% |
6.51% |
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 |
No |
|
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 two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
No |
|
30 |
Major shareholders, if available |
No |
|
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 |
REVIEW OF BUSINESS
OPERATION:
During the Financial year 2016-17, there was a marginal decrease in the total revenue of the company from INR 861.654 million to INR 851.057 million. Further, due to simultaneous increase in the overheads, the Net Profit of the Company has also decreased from INR 68.324 million during the previous year to INR 53.584 million during the year. However, the management is striving to increase its profit in the coming years.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G36440519 |
100078715 |
BANK OF BARODA |
11/01/2017 |
- |
- |
1500000.0 |
SION (WEST) BRANCH, 36, SION HOUSESION KURLA ROAD, SION (WEST), MUMBAI-400022, MAHARASHTRA, INDIA |
|
2 |
C76505163 |
10614648 |
Bank of Baroda |
28/12/2015 |
- |
- |
1500000.0 |
Sion Branch, 36, Sion House, Sion Kurla Road, Sion West, Mumbai400022, MAHARASHTRA, INDIA |
|
3 |
A98518392 |
10248582 |
BANK OF BARODA |
01/11/2010 |
- |
- |
10000000.0 |
S. S. I. Chhatral Branch, Sagar Complex, Near Hotel Amiras, Chhatral - 382729, Gujarat, India |
|
4 |
G70191127 |
90098127 |
Bank Of Baroda |
15/04/1995 |
18/11/2017 |
- |
134468000.0 |
Shop No. 1 to 5, D. K. Complex, Near Hotel Shor Sharaba, Chhatral, Gandhinagar-382729, Gujarat, India |
|
5 |
C35829423 |
10372149 |
CITIBANK N. A. |
24/08/2012 |
- |
17/11/2014 |
9000000.0 |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA (East), MUMBAI-400051, Maharashtra, India |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Office
Equipment
- Vehicle
- Computer
Accessories
- Air
Conditioner
- Car
- Scooter
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 : |
SWT |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
NO |
|
--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.