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|
|
MIRA
INFORM REPORT
|
Report No. : |
489202 |
|
Report Date : |
05.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
S KANT HEALTHCARE LIMITED (w.e.f.14.03.1996) |
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Formerly Known
As : |
SEAPRINCE INVESTRADE PRIVATE LIMITED |
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Registered
Office : |
A/3, Shivsagar Estate, North Wing, Dr. Annie Besant Road, Mumbai – 400018, Maharashtra |
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Tel. No.: |
91-22-66227575 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
18.03.1996 |
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Com. Reg. No.: |
11-098246 |
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Capital
Investment / Paid-up Capital : |
INR 9.800 Million |
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CIN No.: [Company Identification
No.] |
U24230MH1996PLC098246 |
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IEC No.: |
0397045166 |
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GSTIN/UIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAECS5406P |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacture of medicinal substances used in the manufacture of pharmaceuticals antibiotics, endocrine products, basic vitamins, opium derivatives, sulpha drugs, serums and plasmas, salicylic acid, its salts and esters, glycosides and vegetable alkaloids, chemically pure suger etc. (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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Maximum Credit Limit : |
USD 1300000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1996. The company is a manufacturer of pharmaceutical formulations and bulk drugs. As per the financial records of 2017, the company has achieved a favourable growth of 22.38% in its revenue as compared to the previous year’s revenue and has gained a fair profitability margin of 6.07%. The company possesses healthy financial position marked by sound net worth base along with low debt balance sheet profile and comfortable liquidity parameters. Rating takes into consideration the company’s good Earnings Per Share (EPS) of INR 8621.24 as against its Face Value (FV) of INR 1000. Business is active. Payment seems to be regular and as per commitment. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long-term Rating=BBB (Suspended) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
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Date |
July, 2016 |
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Rating Agency Name |
ICRA |
|
Rating |
Short-term Rating=A3+ (Suspended) |
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Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
July, 2016 |
Reason for suspension: Absence of requisite information from the subject
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 05.02.2018
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. Roshan |
|
Designation : |
Office Executive |
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Contact No.: |
91-22-66227575 |
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Date : |
03.02.2018 |
LOCATIONS
|
Registered Office/Head office : |
A/3, Shivsagar Estate, North Wing, Dr. Annie Besant Road, Mumbai – 400018, Maharashtra, India |
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Tel. No.: |
91-22-66227575 |
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Fax No.: |
91-22-66227500 / 66227600 |
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E-Mail : |
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Website : |
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Regulatory Office : |
Mehta Mahal, Ground Floor 15 Matthew Road Opera House, Mumbai –
400004, Maharashtra, India |
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Tel. No.: |
91-22-66172503 |
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E-Mail : |
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Factory : |
Plot No. 1802 – 1805, GIDC Phase III, Vapi – 396195, Gujrat, India |
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Tel. No.: |
91-260-2422516 / 7 / 8 |
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Fax No.: |
91-260-2430527 |
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E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Bharat Nemchand Shah |
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Designation : |
Director |
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Address : |
4th Floor, Room No.15, Bharatiya Bhavan, Netaji Subhash Marg, Marine Drive, Mumbai - 400020, Maharashtra, India |
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Date of Birth/Age : |
06.09.1946 |
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Date of Appointment : |
28.04.2004 |
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PAN No.: |
ADUPS8329M |
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DIN No.: |
00083354 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Samir Jayantilal Shah |
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Designation : |
Director |
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Address : |
3-B, Suvas Apartment, Rungta Lane, 68. F, Nepeansea Road, Mumbai - 400006, Maharashtra, India |
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Date of Birth/Age : |
22.10.1966 |
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Date of Appointment : |
28.04.2004 |
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PAN No.: |
ADUPS8327F |
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DIN No.: |
00157396 |
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Other Directorship:
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Name : |
Ms. Lalit Popatlal Shah |
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Designation : |
Director |
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Address : |
B-2/2, Amalfi, 27 B, L. D. Ruparel Marg, Malabar Hill, Mumbai - 400006, Maharashtra, India |
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Date of Birth/Age : |
02.10.1936 |
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Date of Appointment : |
18.03.1996 |
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PAN No.: |
AABPS7815C |
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DIN No.: |
00396345 |
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Other Directorship:
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Name : |
Mr. Mahesh Kantilal Shah |
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Designation : |
Director |
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Address : |
37, Mahavir Building, B.G. Kher Marg, Malabar Hill, Mumbai - 400006, Maharashtra, India |
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Date of Birth/Age : |
03.06.1949 |
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Date of Appointment : |
01.04.2001 |
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PAN No.: |
ADUPS8326E |
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DIN No.: |
00506695 |
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||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Ritesh Bipin Shah |
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Designation : |
Director |
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Address : |
1801, Devdarshan, 50, Ridge Road, Walkeshwar, Mumbai - 400006, Maharashtra, India |
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Date of Birth/Age : |
01.01.1981 |
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Date of Appointment : |
01.10.2007 |
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DIN No.: |
02496729 |
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Other Directorship:
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Name : |
Mr. Mahesh Harishchandra Kolambe |
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Designation : |
Wholetime Director |
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Address : |
B/302, Surya Co-Operative Housing Society, Opposite Raj Residency, Chharwada Road, Vapi - 396195, Gujarat, India |
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Date of Birth/Age : |
13.12.1975 |
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Date of Appointment : |
02.04.2013 |
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DIN No.: |
06544401 |
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KEY EXECUTIVES
|
Name : |
Mr. Roshan |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Samir Jayantilal Shah Joint Jasmine S. Shah |
|
2400 |
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Bharat N. Shah Joint Surekha B. Shah |
|
2400 |
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Mahesh K. Shah Joint Panna M. Shah Joint Rohan M. Shah |
|
100 |
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Jasmine S. Shah Joint Samir J. Shah |
|
200 |
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Panna M. Shah Joint Mahesh K. Shah Joint Rohan M. Shah |
|
100 |
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Harshit Bharat Shah |
|
2170 |
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Mrudula J. Shah Joint Samir J. Shah |
|
1430 |
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Surekha B. Shah Joint Harshit B. Shah |
|
700 |
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Krushank S. Shah |
|
300 |
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Total |
|
9800 |
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 : |
Manufacture of medicinal substances used in the manufacture of pharmaceuticals antibiotics, endocrine products, basic vitamins, opium derivatives, sulpha drugs, serums and plasmas, salicylic acid, its salts and esters, glycosides and vegetable alkaloids, chemically pure suger etc. (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 : |
(INR
In Million)
|
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Auditors : |
|
|
Name : |
S.I. Mogul and Company Chartered Accountants |
|
Address : |
73-B, Mital Court, Nariman Point, Mumbai, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAMFS7435P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which
are owned, have significant influence are partners with Key management personnel
and their relatives: |
· Anuh Pharma Limited L24230MH1960PLC011586 · S Kant Pharma Private Limited U24239MH1983PTC030195 · Eskay Iodine Private Limited U24100MH2011PTC221911 · S Kant Chemicals Private Limited U24230MH1994PTC080562 · Sevantilal Kantilal and Company · Bharti and Company |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 1000/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9800 |
Equity Shares |
INR 1000/- each |
INR 9.800 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 |
9.800 |
9.800 |
9.800 |
|
(b) Reserves and Surplus |
443.296 |
359.234 |
283.955 |
|
(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) |
453.096 |
369.034 |
293.755 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
10.317 |
6.079 |
2.909 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.614 |
1.447 |
1.357 |
|
Total Non-current
Liabilities (3) |
11.931 |
7.526 |
4.266 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
187.757 |
174.984 |
226.162 |
|
(b) Trade
payables |
239.638 |
200.987 |
265.448 |
|
(c) Other
current liabilities |
43.977 |
44.476 |
83.167 |
|
(d) Short-term
provisions |
23.234 |
31.925 |
41.008 |
|
Total Current
Liabilities (4) |
494.606 |
452.372 |
615.785 |
|
|
|
|
|
|
TOTAL |
959.633 |
828.932 |
913.806 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
277.823 |
250.178 |
254.139 |
|
(ii)
Intangible Assets |
0.909 |
2.120 |
2.498 |
|
(iii) Tangible assets
capital work-in-progress |
13.460 |
0.370 |
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 loans and advances |
5.867 |
5.706 |
5.706 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
298.059 |
258.374 |
262.343 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
177.941 |
137.971 |
110.440 |
|
(c) Trade
receivables |
190.285 |
248.995 |
301.810 |
|
(d) Cash and
bank balances |
102.805 |
42.280 |
51.668 |
|
(e) Short-term
loans and advances |
190.543 |
141.312 |
187.297 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.248 |
|
Total
Current Assets |
661.574 |
570.558 |
651.463 |
|
|
|
|
|
|
TOTAL |
959.633 |
828.932 |
913.806 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1391.219 |
1136.773 |
1305.736 |
|
|
Other Income |
3.801 |
6.713 |
9.053 |
|
|
TOTAL |
1395.020 |
1143.486 |
1314.789 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
808.348 |
684.037 |
770.182 |
|
|
Purchases of
Stock-in-Trade |
83.028 |
34.481 |
24.739 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.657 |
(37.218) |
14.737 |
|
|
Employee benefit expense |
98.618 |
83.888 |
70.139 |
|
|
CSR expenditure |
2.915 |
2.459 |
2.100 |
|
|
Other expenses |
238.071 |
199.837 |
247.376 |
|
|
TOTAL |
1234.637 |
967.484 |
1129.273 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
160.383 |
176.002 |
185.516 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.630 |
17.073 |
15.737 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
152.753 |
158.929 |
169.779 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
45.769 |
48.045 |
53.191 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
106.984 |
110.884 |
116.588 |
|
|
|
|
|
|
|
Less |
TAX |
22.496 |
34.970 |
31.663 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
84.488 |
75.914 |
84.925 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
0.000 |
750.864 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
750.864 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
8621.22 |
7746.32 |
8665.81 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
184.564 |
129.079 |
57.631 |
|
Net cash flows from (used in) operations |
138.161 |
98.813 |
5.464 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
6.07 |
6.68 |
6.50 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
11.53 |
15.48 |
14.21 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
11.15 |
13.38 |
12.76 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.24 |
0.30 |
0.40 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.41 |
0.47 |
0.77 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
49.92 |
79.95 |
84.37 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
7.31 |
4.57 |
4.33 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
98.13 |
102.10 |
121.88 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.90 |
1.28 |
1.68 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.55 |
0.70 |
0.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.52 |
0.55 |
0.67 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.41 |
0.47 |
0.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.09 |
1.23 |
2.10 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets /
Current Liabilities) |
1.34 |
1.26 |
1.06 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.98 |
0.96 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.47 |
0.45 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
19.16 |
17.86 |
23.08 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.34 |
1.26 |
1.06 |
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 |
9.800 |
9.800 |
9.800 |
|
Reserves & Surplus |
283.955 |
359.234 |
443.296 |
|
Net
worth |
293.755 |
369.034 |
453.096 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
226.162 |
174.984 |
187.757 |
|
Total
borrowings |
226.162 |
174.984 |
187.757 |
|
Debt/Equity
ratio |
0.770 |
0.474 |
0.414 |
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 |
1305.736 |
1136.773 |
1391.219 |
|
|
0.000 |
(12.940) |
22.383 |
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 |
1305.736 |
1136.773 |
1391.219 |
|
Profit/ (Loss) |
84.925 |
75.914 |
84.488 |
|
|
6.50
% |
6.68
% |
6.07
% |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
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 |
STATE OF COMPANYS
AFFAIRS AND FUTURE OUTLOOK
During the year the Company has achieved turnover of INR 1391.218 Million as compared to the last years turnover i.e. INR 1136.773 Million The net profit of the company during the year is INR 84.488 Million.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C04639647 |
10495120 |
14/03/2014 |
- |
- |
225000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
|
2 |
B10412278 |
10279724 |
29/03/2011 |
- |
- |
50000000.0 |
PRINCESS STREET BRANCH, DEVKARAN MANSION,SHAMALDAS GANDHI MARG, PRINCESS STREET,MUMBAIMH400002IN |
|
|
3 |
A89564298 |
10230972 |
24/06/2010 |
- |
- |
65000000.0 |
PRINCESS STREET BRANCH,DEVKARAN MANSION, SHAMALDAS GANDHI MARG,MUMBAIMH400002IN |
|
|
4 |
A89564397 |
10136568 |
03/12/2008 |
24/06/2010 |
- |
60000000.0 |
PRINCESS STREET BRANCH,DEVKARAN MANSION, SHAMALDAS GANDHI MARG,MUMBAIMH400002IN |
|
|
5 |
A53822904 |
10136567 |
03/12/2008 |
- |
- |
15000000.0 |
PRINCESS STREET BRANCH,DEVKARAN MANSION, SHAMALDAS GANDHI MARG,MUMBAIMH400002IN |
|
|
6 |
B08457038 |
80062443 |
10/02/2005 |
08/02/2011 |
- |
371429000.0 |
PRINCESS STREET BRANCH,DEVKARAN MANSION, SHAMALDAS GANDHI MARG,MUMBAIMH400002IN |
|
|
7 |
Y10246514 |
90146744 |
01/10/2004 |
- |
- |
58600000.0 |
PRINCESS STREET BRANCH; DEVKARAN MANSIONSAMALDAS GANDHI MARG; PRINCESS STREETMUMBAIMH400002IN |
|
|
8 |
A89564504 |
90145433 |
01/10/2004 |
24/06/2010 |
- |
22500000.0 |
PRINCESS STREET BRANCH,DEVKARAN MANSION, SHAMALDAS GANDHI MARG,MUMBAIMH400002IN |
|
|
9 |
Y10242626 |
90142856 |
27/04/2000 |
- |
16/10/2004 |
5000000.0 |
75; RASIK NIWASF-ROAD; MARINE DRIVEMUMBAIMH400020IN |
|
|
10 |
Y10240548 |
90140778 |
27/04/2000 |
- |
16/10/2004 |
9000000.0 |
75; RASIK NIWASF-ROAD; MARINE DRIVEMUMBAIMH400020I |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 : |
POO |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
NKTS |
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.