|
|
|
MIRA
INFORM REPORT
|
Report No. : |
489466 |
|
Report Date : |
03.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
NICHROME INDIA LIMITED (w.e.f. 20.11.1998) |
|
|
|
|
Formerly Known
As : |
TETRA PAK NICHROME (INDIA) LIMITED (w.e.f. 06.06.1996) TETRA PAK NICHROME (INDIA) PRIVATE LIMITED (w.e.f. 29.03.1996) NICHROME METAL WORKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Saffire Park Galleria, 4, Pune
– Mumbai Road, Shivaginagar, Pune – 411005, Maharashtra |
|
Tel. No.: |
91-20-66011001 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
29.01.1960 |
|
|
|
|
Com. Reg. No.: |
11-011575 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 66.125 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28113MH1960PLC011575 |
|
|
|
|
IEC No.: |
3198009367 |
|
|
|
|
CST/ TIN No.: |
27650016226 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT4161C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing of packaging machines and packing solutions. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1960. It is a manufacturer of
packing machinery. As per the financial records of 2017, the company has achieved an
average profitability margin of 1.40% but has reported a decline in its
revenue as compared to the previous year. The company possesses healthy financial position marked by above
average net worth base along with low debt balance sheet profile. Rating takes into consideration the company’s long established track
record and promoter’s extensive experience. Business is active. Payments 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.
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 Rating=BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
28.10.2016 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
28.10.2016 |
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 03.02.2018
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. Nikhilesh |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9324345351 |
|
Date : |
02.02.2018 |
|
Name : |
Mr. Raj Gopalan |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-7722043332 |
|
Date : |
02.02.2018 |
LOCATIONS
|
Registered Office/ Head
Office/ Corporate Office : |
Saffire Park Galleria, 4, Pune
– Mumbai Road, Shivajinagar, Pune – 411005, Maharashtra, India |
|
Tel. No.: |
91-20-66011001/ 002/ 003/ 004/ 005 |
|
Mobile No.: |
91-9767031377 (Mr. Vilas) |
|
Fax No.: |
91-20-66011010 |
|
E-Mail : |
finance@nichrome.com
|
|
Website : |
|
|
Locality: |
Commercial cum Industrial |
|
|
|
|
Factory : |
At Post Wing, Taluka Khandala, Gate No. 769 B, Shirwal – 412801, Pune,
Maharashtra, India |
|
Tel. No.: |
91-2169-284063/ 64/ 65/ 67 |
|
Fax No.: |
91-2169-284066 |
|
|
|
|
Branch Office: |
Located At :-
|
|
|
|
|
Service Centres / Offices : |
Located At :-
Worldwide :- ·
ASEAN ·
Middle East ·
SAARC ·
CIS ·
Africa ·
United State of America |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Hemant Mukund Ogale |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No.3 Gaurishankar 773/8, Erandwane, Pune – 411004, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.07.1960 |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.03.2014 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00596947 |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shrinivas Vinayak Joshi |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
857, Savali Apartment, Bhandarkar Institute Road, Deccan Gymkhana,
Pune – 411004, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.03.1937 |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2010 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACAPJ2953K |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00227320 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Mrunalini Harish Joshi |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
857, Bhandarkar Road, Shivajinagar, Deccan Gymkhana, Pune – 411004,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.02.1967 |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2013 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AARPJ7394K |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00957617 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pramod Madhukar Chaudhari |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
'Kinnari', 6, Vee Nimbkar, Co-Operative Housing Society, 80/4, Off Baner Road, Aundh, Pune – 411004, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.11.1949 |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.04.2005 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00196415 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashok Natwarlal Kothary |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
SD-5-6, Himali (Res) Co-Operative Housing Society, 8+13/1/2,
Erandawane, Pune – 411004, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.09.1949 |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.10.1994 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00811919 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mohan Chimanlal Gujarathi |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1070, Prabodh, Subhashnagar, Lane No. 5, Shrukrawar Peth, Pune – 411004, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.10.2000 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00988542 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Raj Gopalan |
|
Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Shrinivas Vinayak Joshi (jointly with Jayashree Shrinivas Joshi) |
|
3965472 |
|
Jayashree Shrinivas Joshi |
|
322560 |
|
Ashok Natwarlal Kothary (held on behalf of S.V. Joshi) |
|
3360 |
|
Rita Ashok Ashok Kothary (held on behalf of S.V. Joshi) |
|
3360 |
|
Jehan Ashok Kothary (held on behalf of S.V. Joshi) |
|
3360 |
|
Mrunalini Harish Joshi |
|
2307648 |
|
Soham Harish Joshi |
|
3360 |
|
Maithili Harish Joshi |
|
3360 |
|
Total |
|
6612480 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
95.02 |
|
Public/Other than promoters (Individual/Hindu Undivided Family- Indian) |
4.98 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of packaging machines and packing solutions. (Registered Activity) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Naniwadekar and Company Chartered Accountants |
|
Address : |
Flat No.2, Plot No.3/10, Nalini Apartments, Erandwane, Pune, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AANPN9281B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
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 |
|
|
|
|
|
|
6612480 |
Equity Shares |
INR 10/- each |
INR 66.125 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
66.125 |
66.125 |
66.125 |
|
(b) Reserves and Surplus |
233.476 |
228.462 |
203.802 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds |
299.601 |
294.587 |
269.927 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.965 |
2.154 |
1.203 |
|
(b) Deferred tax liabilities (Net) |
6.092 |
6.567 |
1.796 |
|
(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 |
7.057 |
8.721 |
2.999 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
62.295 |
5.845 |
61.233 |
|
(b) Trade
payables |
161.349 |
173.704 |
169.069 |
|
(c) Other
current liabilities |
187.976 |
115.951 |
72.110 |
|
(d) Short-term
provisions |
27.484 |
26.381 |
21.532 |
|
Total Current
Liabilities (4) |
439.104 |
321.881 |
323.944 |
|
|
|
|
|
|
TOTAL |
745.762 |
625.189 |
596.870 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
115.821 |
123.575 |
126.436 |
|
(ii)
Intangible Assets |
17.741 |
24.971 |
10.551 |
|
(iii) Tangible assets
capital work-in-progress |
9.842 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
11.419 |
|
(b) Non-current Investments |
0.156 |
0.156 |
0.156 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
121.344 |
105.614 |
92.745 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
264.904 |
254.316 |
241.307 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
178.592 |
118.718 |
136.654 |
|
(c) Trade
receivables |
233.287 |
182.955 |
154.703 |
|
(d) Cash and
bank balances |
15.366 |
13.294 |
13.051 |
|
(e)
Short-term loans and advances |
49.323 |
54.077 |
49.219 |
|
(f) Other
current assets |
4.290 |
1.829 |
1.936 |
|
Total
Current Assets |
480.858 |
370.873 |
355.563 |
|
|
|
|
|
|
TOTAL |
745.762 |
625.189 |
596.870 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
761.165 |
813.351 |
721.399 |
|
|
Other Income |
14.176 |
2.417 |
4.259 |
|
|
TOTAL |
775.341 |
815.768 |
725.658 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
434.161 |
417.295 |
411.640 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
11.811 |
11.759 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(14.694) |
31.566 |
(0.734) |
|
|
Employee benefit expense |
174.841 |
157.315 |
137.221 |
|
|
CSR expenditure |
0.000 |
0.592 |
0.000 |
|
|
Other expenses |
138.467 |
119.652 |
128.746 |
|
|
Prior period items before tax |
0.220 |
0.000 |
0.000 |
|
|
TOTAL |
732.995 |
738.231 |
688.632 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
42.346 |
77.537 |
37.026 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.813 |
3.848 |
6.675 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
35.533 |
73.689 |
30.351 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
18.079 |
15.012 |
13.637 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
17.454 |
58.677 |
16.714 |
|
|
|
|
|
|
|
Less |
TAX |
6.826 |
23.770 |
3.003 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
10.628 |
34.907 |
13.711 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.57 |
5.27 |
2.07 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.063 |
0.765 |
5.674 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(24.920) |
99.984 |
13.133 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(33.128) |
81.576 |
7.803 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
111.87 |
82.10 |
78.27 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.26 |
4.45 |
4.66 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
135.65 |
147.75 |
145.75 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.24 |
0.65 |
0.27 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.30 |
0.52 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
0.59 |
0.52 |
0.55 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.21 |
0.03 |
0.25 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.47 |
1.09 |
1.20 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.48 |
0.50 |
0.55 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
6.22 |
20.15 |
5.55 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
1.40 |
4.29 |
1.90 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
1.43 |
5.58 |
2.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
3.55 |
11.85 |
5.08 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
1.10 |
1.15 |
1.10 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.69 |
0.78 |
0.68 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.40 |
0.47 |
0.45 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.96 |
0.13 |
1.03 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.10 |
1.15 |
1.10 |
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 |
66.125 |
66.125 |
66.125 |
|
Reserves & Surplus |
203.802 |
228.462 |
233.476 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
269.927 |
294.587 |
299.601 |
|
|
|
|
|
|
Long-term borrowings |
1.203 |
2.154 |
0.965 |
|
Short term borrowings |
61.233 |
5.845 |
62.295 |
|
Current maturities of
long-term debts |
5.674 |
0.765 |
0.063 |
|
Total
borrowings |
68.110 |
8.764 |
63.323 |
|
Debt/Equity
ratio |
0.252 |
0.030 |
0.211 |
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 |
721.399 |
813.351 |
761.165 |
|
|
|
12.746 |
(6.416) |
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 |
721.399 |
813.351 |
761.165 |
|
Profit/ (Loss) |
13.711 |
34.907 |
10.628 |
|
|
1.90
% |
4.29
% |
1.40
% |
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 |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL INFORMATION
Subject is Public Limited Company incorporated under the provisions of The Companies Act 1956. Company is engaged in the business of packaging machines and packing solutions.
FUTURE OUTLOOK
Business growth is seen from Dairy Sector, Food Grain and Spices sector, as they are offering “high speed” solutions for these sector.
Food Grains and Spices sector continue to grow with good export business from SAARC countries as well as ASEAN country viz, Vie and Liquid machines segment growth from African countries.
The Management will continue to invest in R& D Machines for both the Dairy Sector, the Pharma Sector as well as RTE sector for improvement and performance.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
0.965 |
2.154 |
|
Short-term
borrowings |
|
|
|
Deposits from directors |
2.200 |
2.200 |
|
Rupee term loans from banks |
1.190 |
1.088 |
|
Total |
4.355 |
5.442 |
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Amount |
Address |
|
1 |
G54579982 |
100124956 |
The Hongkong And Shanghai Banking Corporation Limited |
29/08/2017 |
- |
85000000.0 |
Amar Avinash Corporate Society, Sector 11Bund Garden Pune MH411001IN |
|
2 |
G54657473 |
100125053 |
The Hongkong And Shanghai Banking Corporation Limited |
04/08/2017 |
- |
3000000.0 |
Amar Avinash Corporate Society, Sector 11Bund Garden Pune MH411001IN |
|
3 |
C03116316 |
10493556 |
Bank Of Baroda |
02/04/2014 |
- |
1900000.0 |
Pune Camp Branch, 2, Moledina Road, Punemh411001in |
|
4 |
Y10172239 |
90087218 |
Bank Of Baroda |
28/03/2005 |
- |
15000000.0 |
Pune Camp Branch Punemhin |
|
5 |
A23117542 |
90088893 |
Bank Of Baroda |
02/01/2005 |
24/08/2007 |
112500000.0 |
Camp Branch Pune Mh411001in |
|
6 |
Y10177023 |
90092002 |
Bank Of Baroda |
02/12/2002 |
- |
85827000.0 |
Laxmi Road Branch Pune Mh411002in |
|
7 |
G18643502 |
90082823 |
Bank Of Baroda |
02/12/2002 |
04/10/2016 |
120000000.0 |
Camp Branch Pune Mh411001in |
|
8 |
Y10167768 |
90082747 |
Bank Of Baroda |
20/07/2001 |
- |
38616000.0 |
Laxmi Road Branch Punemhin |
|
9 |
Y10170577 |
90085556 |
Bank Of Baroda |
29/11/2000 |
- |
10000000.0 |
Laxmi Road Branch Punemhin |
|
10 |
G18486084 |
90085301 |
Bank Of Baroda |
25/02/2000 |
04/10/2016 |
120000000.0 |
Laxmi Road Branch PUNEMHIN |
FIXED ASSETS
- Buildings
- Other building
- Plant and equipment
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Computer equipment
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 64.07 |
|
|
1 |
INR 91.33 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
TRUP |
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+ |
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 |
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.