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|
MIRA INFORM REPORT
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Report No. : |
490730 |
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Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
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Name : |
GUJARAT POLYFILMS LIMITED (w.e.f.
25.09.2016) |
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Formerly Known
As : |
GUJARAT POLYFILMS PRIVATE LIMITED |
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Registered
Office : |
Block No. 492, N.H. No. 8, Palsana, Surat-394315, |
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Tel. No.: |
91-2922-265146 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
19.07.2004 |
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Com. Reg. No.: |
04-044479 |
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Capital
Investment / Paid-up Capital : |
INR 280.296 Million |
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CIN No.: [Company Identification
No.] |
U17297GJ2004PLC044479 |
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IEC No.: |
5204009248 |
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VAT No.: |
24223900834V |
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CST No.: |
24723900834C |
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TAN No.: [Tax Deduction &
Collection Account No.] |
SRTGO1179D |
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GSTIN : |
24AACCG1761D1Z4 |
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PAN No.: [Permanent Account No.] |
AACCG1761D |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing of Textile, Leather and Other Apparel Products. (Registered activity) |
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No. of Employees
: |
Information declined 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 : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2004. It is a manufacturer and
supplier of BRT nylon yarn, cotton nylon yarn and chips yarn. As per the financial records of 2017, the company has earned an
average profitability margin of 1.41% and has achieved a significant growth
of 73.36% in its revenue as compared to the previous year. Rating takes into consideration the company’s healthy financial profile
marked by above average net worth base along with and acceptable debt level. Business is active. Payments are seems to be usually correct. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 07.02.2018
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: Mobile No.: 91-9824752103 / 9824752450 /
9879275045
Given number Tel No.: 91-2922-265146 – Not Working
LOCATIONS
|
Registered Office/ Factory : |
Block No. 492, N.H. No. 8, Palsana, Surat-394315, |
|
Tel. No.: |
91-2622-265146//164/9824752455/9824752103 |
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Mobile No.: |
91-982452103 (Mr. Amit Patel) |
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Fax No.: |
91-2622-265164/265577 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality: |
Industrial |
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Sales and Marketing
Office : |
203, Shyam Chambers, Opposite Sub-Jall, Ring Road, Surag-395002,
Gujarat, India |
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Tel. No.: |
91-261-2344946 |
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Fax No.: |
91-261-2340946 |
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E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ankur Harishkumar Patel |
|
Designation : |
Director |
|
Address : |
31, Patel Nagar Society, Behind Umra Jakat Naka, Athwalines, Surat – 395001, Gujarat, India |
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Date of Birth/Age : |
20.09.1978 |
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Qualification : |
B.E. (Chemical), M. Sc. (U.S.A.) |
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Date of Appointment : |
19.07.2004 |
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DIN: |
01610625 |
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PAN No.: |
AFSPP8610G |
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Name : |
Mr. Harishkumar Tribhovandas Patel |
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Designation : |
Director |
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Address : |
Plot-10,Sy.No.74,Satkeval Plots, City Light Road, Umra, Surat – 395007, Gujarat, India |
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Date of Birth/Age : |
2302.1953 |
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Qualification : |
B.Sc. |
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Date of Appointment : |
22.07.2004 |
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DIN: |
00332251 |
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PAN No.: |
ABJPP2977P |
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Name : |
Mr. Pramod Kumar Chaudhary |
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Designation : |
Director |
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Address : |
7-B, Rudraraj Apatments, Opposite, Arihant Complex, Near Holiday Inn Hotel, Athwalines, Surat-395007, Gujarat, India |
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Date of Birth/Age : |
06.10.1963 |
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Qualification : |
B.Com (Hons.) |
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Date of Appointment : |
01.05.2009 |
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PAN No.: |
ACDPC4079J |
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DIN: |
00530612 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
21.90 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
17.84 |
|
Public - Bodies corporate |
60.26 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Textile, Leather and Other Apparel Products. (Registered activity) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Divulged |
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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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
DSI and Company Chartered accountants |
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Address : |
MF/14-26, Nariman Point Shopping Centre, Near Raghuvir Bungalows, City light Road, Surat -395007, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFD4002N |
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E-Mail : |
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Secretarial Audit
Report : |
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Name : |
Dhiren Rameshchandr DavE |
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Address : |
B - 1 0 3, International Commerce Centre, Ring Road, Surat-395002, Gujarat, India |
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PAN No: |
AAPPD7157E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
U17119GJ1991PTC016269
U17291GJ1990PLC014560
U24110MH1989PTC176088
U17120GJ2007PTC051007
U17110GJ1994PTC022422
U24119GJ2004PTC044585
U36941GJ1996PTC031230 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31000000 |
Equity Shares |
INR 10/- each |
INR 310.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28029600 |
Equity Shares |
INR 10/- each |
INR 280.296
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 |
280.296 |
272.681 |
226.274 |
|
(b) Reserves and Surplus |
667.552 |
597.311 |
474.096 |
|
(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) |
947.848 |
869.992 |
700.370 |
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
785.595 |
887.836 |
680.802 |
|
(b) Deferred tax liabilities (Net) |
30.038 |
30.038 |
30.038 |
|
(c) Other long-term
liabilities |
584.906 |
268.632 |
181.361 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1400.539 |
1186.506 |
892.201 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
728.639 |
427.132 |
333.036 |
|
(b) Trade
payables |
353.014 |
499.272 |
372.388 |
|
(c) Other
current liabilities |
138.719 |
140.868 |
134.685 |
|
(d) Short-term
provisions |
9.419 |
9.909 |
17.305 |
|
Total Current
Liabilities (4) |
1229.791 |
1077.181 |
857.414 |
|
|
|
|
|
|
TOTAL |
3578.178 |
3133.679 |
2449.985 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1713.832 |
923.858 |
1013.549 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
4.582 |
875.490 |
312.471 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.316 |
5.304 |
2.217 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
5.375 |
7.765 |
9.282 |
|
(e) Other
Non-current assets |
65.679 |
56.903 |
66.259 |
|
Total Non-Current
Assets |
1794.784 |
1869.320 |
1403.778 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
386.044 |
379.939 |
172.178 |
|
(c) Trade
receivables |
1101.317 |
684.553 |
623.906 |
|
(d) Cash and
bank balances |
239.713 |
87.398 |
114.874 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current
assets |
56.320 |
112.469 |
135.249 |
|
Total
Current Assets |
1783.394 |
1264.359 |
1046.207 |
|
|
|
|
|
|
TOTAL |
3578.178 |
3133.679 |
2449.985 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2968.624 |
1683.293 |
1870.252 |
|
|
Other Income |
11.309 |
7.476 |
11.283 |
|
|
TOTAL |
2979.933 |
1690.769 |
1881.535 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2150.457 |
1043.851 |
1139.339 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(128.230) |
(70.157) |
1.497 |
|
|
Employee benefit expense |
80.374 |
69.322 |
65.691 |
|
|
CSR expenditure |
1.500 |
0.000 |
0.000 |
|
|
Other expenses |
478.058 |
403.485 |
388.685 |
|
|
Exceptional items before tax |
0.184 |
2.113 |
(0.023) |
|
|
Extraordinary items before tax |
0.000 |
0.000 |
0.506 |
|
|
TOTAL |
2582.343 |
1448.614 |
1595.695 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
397.590 |
242.155 |
285.840 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
211.356 |
104.045 |
104.185 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
186.234 |
138.110 |
181.655 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
143.646 |
92.853 |
95.296 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
42.588 |
45.257 |
86.359 |
|
|
|
|
|
|
|
Less |
TAX |
0.657 |
19.265 |
16.649 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
41.931 |
25.992 |
69.710 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
356.612 |
330.620 |
260.910 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
398.543 |
356.612 |
330.620 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
5.964 |
0.000 |
|
|
TOTAL EARNINGS |
0.000 |
5.964 |
0.000 |
|
|
|
|
|
|
|
|
CIF
VALUE OF IMPORTS |
1368.628 |
340.121 |
184.409 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.53 |
1.10 |
3.10 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
115.754 |
125.469 |
NA |
|
Net cash flows from (used in) operations |
(34.261) |
120.043 |
84.532 |
|
Net cash flows from (used in) operating activities |
158.076 |
193.128 |
154.723 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
135.41 |
148.44 |
121.76 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.70 |
2.46 |
3.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
59.92 |
174.58 |
119.30 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.03 |
0.64 |
1.66 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.23 |
0.13 |
0.22 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.56 |
0.63 |
0.63 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.60 |
1.51 |
1.45 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.30 |
1.24 |
1.22 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.81 |
2.07 |
1.89 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.88 |
2.33 |
2.74 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.41 |
1.54 |
3.73 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.17 |
0.83 |
2.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.42 |
2.99 |
9.95 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.45 |
1.17 |
1.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.14 |
0.82 |
1.02 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.26 |
0.28 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.40 |
4.82 |
4.48 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.45 |
1.17 |
1.22 |
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 |
226.274 |
272.681 |
280.296 |
|
Reserves & Surplus |
474.096 |
597.311 |
667.552 |
|
Net
worth |
700.370 |
869.992 |
947.848 |
|
|
|
|
|
|
Long-term borrowings |
680.802 |
887.836 |
785.595 |
|
Short term borrowings |
333.036 |
427.132 |
728.639 |
|
Total
borrowings |
1013.838 |
1314.968 |
1514.234 |
|
Debt/Equity
ratio |
1.448 |
1.511 |
1.598 |
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 |
1870.252 |
1683.293 |
2968.624 |
|
|
0.000 |
(9.996) |
76.358 |
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 |
1870.252 |
1683.293 |
2968.624 |
|
Profit/ (Loss) |
69.710 |
25.992 |
41.931 |
|
|
3.73
% |
1.54
% |
1.41
% |
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 |
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 |
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 |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
64.019 |
50.435 |
|
Loans and advances from others |
96.345 |
84.491 |
|
Other loans and advances |
0.000 |
0.873 |
|
Total |
160.364 |
135.799 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G47256516 |
10080968 |
BANK OF BARODA |
12/12/2007 |
09/06/2017 |
- |
1899696000.0 |
Mid Corporate Branch,,2nd Floor, Baroda Sun Complex,Ghod Dod Road,SuratGJ395007IN |
|
2 |
G60921277 |
80005394 |
BANK OF BARODA |
29/12/2005 |
25/07/2017 |
- |
2049527000.0 |
Mid Corporate Branch,,2nd Floor, Baroda Sun Complex,Ghod Dod Road,SURATGJ395007IN |
|
3 |
G50905017 |
10387769 |
CANARA BANK |
27/10/2012 |
- |
09/08/2017 |
1050000.0 |
OVERSEAS BRANCHSURAT VANKAR SANGH BUILDING, RING ROAD,SURATGJ395002IN |
|
4 |
G39658562 |
100070492 |
Canara Bank |
13/12/2016 |
- |
20/03/2017 |
26000000.0 |
NO. 112,J.C.ROADBANGLOREKA560002IN |
|
5 |
B88613898 |
10078889 |
LANDESBANK BADEN-WURTTEMBERG |
20/12/2007 |
- |
05/11/2013 |
76959000.0 |
Am Hauptbahnhof 2StuttgartStuttgartNA70173DE |
|
6 |
B19889161 |
10060399 |
SYNDICATE BANK |
14/06/2007 |
23/02/2008 |
20/08/2011 |
108000000.0 |
SALABATPURA MAIN ROADSURATGJ395003IN |
|
7 |
B19883156 |
10135814 |
STATE BANK OF INDIA |
08/12/2008 |
- |
19/08/2011 |
160000000.0 |
SPLD COMMERCIAL BRANCH, KIRAN CHAMBERSOPP J K TOWER, RING ROADSURATGJ395002IN |
|
8 |
B19884253 |
10188154 |
CANARA BANK |
09/11/2009 |
- |
16/08/2011 |
50000000.0 |
OVERSEAS BRANCH,RING ROAD,SURATGJ395002IN |
|
9 |
B20180782 |
10247138 |
CANARA BANK |
06/10/2010 |
- |
16/08/2011 |
16000000.0 |
OVERSEAS BRANCHRING ROADSURATGJ395002IN |
|
10 |
B20181053 |
80005392 |
CANARA BANK |
02/03/2005 |
29/05/2006 |
16/08/2011 |
569500000.0 |
OVERSEAS BRANCHRING ROADSURATGJ395002IN |
CONTINGENT LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Other money for which company is contingently liable |
10.721 |
16.071 |
|
|
|
|
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office 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 64.02 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared by
: |
SUJ |
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.