|
|
|
MIRA INFORM REPORT
|
Report No. : |
490007 |
|
Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SPECTRUM EXIM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5013-14, World Trade Center, Near Udhna Darwaja, Ring Road, Surat –
395002, Gujarat |
|
Tel. No.: |
91-261-2337600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.02.2007 |
|
|
|
|
Com. Reg. No.: |
04-050109 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 7.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52599GJ2007PTC050109 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
24AAKCS5963M1ZP |
|
|
|
|
TIN No.: |
24222002072 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS5963M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Embroidery Machines and its Parts. [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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2007 and it is having
satisfactory track records. For the financial year 2017, the company has increased in its revenue
from operation and maintained minimal profitability margin of 0.48%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and negligible debt balance sheet. Further, rating also reflects company’s improvement in the revenue as
well as profitability profile during the year. However, rating strength is partially offset by low profitability
margin recorded during the year. Trade relations are reported as fair. Business is active. Payments are
seems to be usually correct. The company can be considered for business dealings at usual trade terms
and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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 DECLINED BY
|
Name : |
Mr. Naval Jha |
|
Designation : |
Accountant |
|
Contact No.: |
91-261-2337600 |
|
Date : |
05.02.2018 |
LOCATIONS
|
Registered/ Head Office : |
5013-14, World Trade Center, Near Udhna Darwaja, Ring Road, Surat –
395002, Gujarat, India |
|
Tel. No.: |
91-261-2337600 |
|
Fax No.: |
91-261-2337700 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
5012, World Trade Centre, Near Udhna Darwaja, Ring Road, Surat –
395002, Gujarat, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Piyush Shyamlal Khurana |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
903, Shalin Appartment, Nr Seema Row House, Ghod Dod Road,
SVR College, Surat-395007, Gujarat, India |
||||||||||||||||||||
|
Date of Birth/Age : |
11.08.1983 |
||||||||||||||||||||
|
Date of Appointment : |
27.02.2007 |
||||||||||||||||||||
|
PAN No.: |
AMDPK2773R |
||||||||||||||||||||
|
DIN No.: |
00964624 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Anil Mathuradas Chopra |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
8/C, Ratan Sagar Apartment, Opposite Chandni Chowk, Piplod, Surat – 395007,
Gujarat, India |
||||||||||||||||||||
|
Date of Birth/Age : |
06.04.1969 |
||||||||||||||||||||
|
Date of Appointment : |
27.02.2007 |
||||||||||||||||||||
|
PAN No.: |
ABKPC8507F |
||||||||||||||||||||
|
DIN No.: |
00966048 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Naval Jha |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Anil Chopra |
|
262500 |
|
Piyush Khurana |
|
55400 |
|
Nandlal Khurana - HUF |
|
13800 |
|
Saneesh Khurana |
|
132300 |
|
Shyam Lal Khurana |
|
70000 |
|
Vinod Khurana |
|
25000 |
|
Vinod Khurana - HUF |
|
34500 |
|
Sarita Jain |
|
8500 |
|
Sunita Arora |
|
11800 |
|
Pawan Arora |
|
10000 |
|
Amrit Gehlot |
|
8300 |
|
Sonal Jariwala |
|
8400 |
|
Manish Khurana |
|
33000 |
|
Yomika Khurana |
|
36214 |
|
Indu S. Khurana |
|
40286 |
|
|
|
|
|
Total |
|
750000 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
96.64 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
3.36 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Embroidery Machines and its Parts. [Registered Activity] |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India · Axis Bank Limited 1st Floor, Digvijay Tower, Opp. St. Xavierz School, Ghod Dod Road, Surat - 395001, Gujarat, India · Oriental Bank of Commerce Jash Textile Market, Ring Road,, Surat - 395002, Gujarat, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
PKMG and Company Chartered Accountants |
|
Address : |
4021, World Trade Center, Ring Road, Surat – 395002, Gujarat, India |
|
Tel. No.: |
91-261-2302334/3912334 |
|
Fax No.: |
91-261-3912333 |
|
PAN No.: |
AAIFP8989K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Company : |
Kay Tee Lon Impex Private Limited [U17110GJ2005PTC045382] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
INR 10/- each |
INR 8.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
INR 10/- each |
INR 7.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7.500 |
7.500 |
7.500 |
|
(b) Reserves & Surplus |
19.026 |
16.503 |
14.707 |
|
(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) |
26.526 |
24.003 |
22.207 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1.124 |
9.188 |
8.183 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.038 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
1.124 |
9.188 |
8.221 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1.002 |
10.360 |
1.376 |
|
(b)
Trade payables |
35.734 |
7.740 |
0.364 |
|
(c)
Other current liabilities |
29.961 |
27.959 |
6.545 |
|
(d)
Short-term provisions |
0.412 |
0.714 |
0.888 |
|
Total
Current Liabilities (4) |
67.109 |
46.773 |
9.173 |
|
|
|
|
|
|
TOTAL |
94.759 |
79.964 |
39.601 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2.321 |
2.285 |
2.951 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.245 |
0.245 |
0.260 |
|
(c) Deferred tax assets
(net) |
0.263 |
0.113 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.010 |
0.010 |
0.028 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2.839 |
2.653 |
3.239 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
24.155 |
2.783 |
6.803 |
|
(c)
Trade receivables |
45.490 |
66.437 |
21.787 |
|
(d)
Cash and cash equivalents |
0.386 |
1.221 |
0.530 |
|
(e)
Short-term loans and advances |
21.889 |
6.870 |
7.242 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
91.920 |
77.311 |
36.362 |
|
|
|
|
|
|
TOTAL |
94.759 |
79.964 |
39.601 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
522.305 |
413.784 |
220.140 |
|
|
|
Other Income |
1.283 |
0.063 |
0.005 |
|
|
|
TOTAL |
523.588 |
413.847 |
220.145 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
522.498 |
390.206 |
195.443 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(21.372) |
4.019 |
7.223 |
|
|
|
Employees benefits expense |
4.644 |
3.430 |
1.658 |
|
|
|
Other expenses |
11.705 |
10.453 |
10.616 |
|
|
|
TOTAL |
517.475 |
408.108 |
214.940 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
6.113 |
5.739 |
5.205 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.291 |
2.078 |
3.479 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.822 |
3.661 |
1.726 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.112 |
1.023 |
0.497 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3.710 |
2.638 |
1.229 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.187 |
0.842 |
0.395 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2.523 |
1.796 |
0.834 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
3.34 |
2.39 |
1.11 |
|
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 |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
20.364 |
(6.298) |
(5.472) |
|
|
|
|
|
|
Net Cash flow from Operating Activities |
19.028 |
(7.292) |
(5.867) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
31.79 |
58.60 |
36.12 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
11.48 |
6.23 |
10.10 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
24.96 |
7.24 |
0.68 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.25 |
2.06 |
0.77 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.63 |
2.51 |
1.76 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.72 |
0.70 |
0.44 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.08 |
0.81 |
0.43 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.53 |
1.95 |
0.41 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.09 |
0.10 |
0.13 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.74 |
2.76 |
1.50 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.48 |
0.43 |
0.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.66 |
2.25 |
2.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.51 |
7.48 |
3.76 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.37 |
1.65 |
3.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.01 |
1.59 |
3.22 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.28 |
0.30 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.28 |
2.61 |
1.27 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.37 |
1.65 |
3.96 |
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 |
7.500 |
7.500 |
7.500 |
|
Reserves & Surplus |
14.707 |
16.503 |
19.026 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
22.207 |
24.003 |
26.526 |
|
|
|
|
|
|
long-term borrowings |
8.183 |
9.188 |
1.124 |
|
Short term borrowings |
1.376 |
10.360 |
1.002 |
|
Total
borrowings |
9.559 |
19.548 |
2.126 |
|
Debt/Equity
ratio |
0.430 |
0.814 |
0.080 |
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 |
220.140 |
413.784 |
522.305 |
|
|
|
87.964 |
26.226 |
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 |
220.140 |
413.784 |
522.305 |
|
Profit |
0.834 |
1.796 |
2.523 |
|
|
0.38% |
0.43% |
0.48% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
7.500 |
7.500 |
|
(b) Reserves & Surplus |
|
22.280 |
19.654 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
29.780 |
27.154 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
1.124 |
9.188 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
1.124 |
9.188 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
1.002 |
10.360 |
|
(b)
Trade payables |
|
35.734 |
7.740 |
|
(c)
Other current liabilities |
|
29.961 |
27.959 |
|
(d)
Short-term provisions |
|
0.412 |
0.714 |
|
Total
Current Liabilities (4) |
|
67.109 |
46.773 |
|
|
|
|
|
|
TOTAL |
|
98.013 |
83.115 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
2.321 |
2.285 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
3.499 |
3.396 |
|
(c) Deferred tax assets
(net) |
|
0.263 |
0.113 |
|
(d) Long-term Loan
and Advances |
|
0.010 |
0.010 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
6.093 |
5.804 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
24.155 |
2.783 |
|
(c)
Trade receivables |
|
45.490 |
66.437 |
|
(d)
Cash and cash equivalents |
|
0.386 |
1.221 |
|
(e)
Short-term loans and advances |
|
21.889 |
6.870 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
91.920 |
77.311 |
|
|
|
|
|
|
TOTAL |
|
98.013 |
83.115 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
522.305 |
413.784 |
|
|
|
Other Income |
|
1.283 |
0.063 |
|
|
|
TOTAL |
|
523.588 |
413.847 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
|
522.498 |
390.206 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(21.372) |
4.019 |
|
|
|
Employees benefits expense |
|
4.644 |
3.430 |
|
|
|
Other expenses |
|
11.705 |
10.453 |
|
|
|
TOTAL |
|
517.475 |
408.108 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
6.113 |
5.739 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
1.291 |
2.078 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
4.822 |
3.661 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
1.112 |
1.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
3.710 |
2.638 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
1.187 |
0.842 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
FOR THE PERIOD FROM “COMPANY” |
|
2.523 |
1.796 |
|
|
|
|
|
|
|
|
|
|
SHARE IN
PROFIT/(LOSS) OF ASSOCAITES FOR THE CURRENT YEAR |
|
0.103 |
0.053 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
FOR THE PERIOD |
|
2.626 |
1.849 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
3.50 |
2.47 |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B93017309 |
10468932 |
HDFC BANK LIMITED |
02/01/2014 |
- |
- |
15000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
A62526074 |
10162472 |
AXIS BANK |
21/05/2009 |
- |
- |
1000000.0 |
1st FLOOR, DIGVIJAY TOWER, OPP. ST. XAVIERZ SCHOOLGHOD DOD ROADSURATGJ395001IN |
|
3 |
B96781182 |
10082059 |
Oriental Bank of Commerce |
27/12/2007 |
04/08/2011 |
25/01/2014 |
15000000.0 |
Jash Textile Market,Ring Road,SuratGJ395002IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Director |
0.000 |
3.000 |
|
From Inter
Company |
0.000 |
5.055 |
|
|
|
|
|
Total |
0.000 |
8.055 |
CORPORATE
INFORMATION
Subject is a private limited unlisted company domiciled in India and incorporated
under the provisions of the companies Act applicable in India. Its registered
office is located at 5012-13, 14 World Trade Centre, Near Udhna Darwaja, Ring
Road, Surat, Gujarat-395002.
PERFORMANCE
REVIEW, OPERATION AND PROSPECTS:
During the year, the company has gross sales of INR 522.305 million as
against INR 413.784 million for the previous financial year. The profit after
tax increased to INR 2.523 million as compared to INR 1.796 million for the
previous financial year. This is mainly due to increase in volumes and other
cost saving measures taken by the company.
The company is well on the way to growth. The company has good order
position in hand and with aggressive marketing strategy, it will strengthen.
The company is also making continuous efforts to improve the quality of
products to sustain and grow in the competitive market.
FIXED ASSETS:
Tangible Assets
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
· Leasehold Improvements
· Plant and Machinery
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 64.27 |
|
UK Pound |
1 |
INR 89.72 |
|
Euro |
1 |
INR 79.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
IND |
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.