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|
|
MIRA INFORM REPORT
|
Report No. : |
490762 |
|
Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME ENGINEERING LIMITED (w.e.f. 10.01.2018) |
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|
|
|
Formerly Known
As : |
SUPREME ENGINEERING PRIVATE LIMITED SUPREME HEATREATERS PRIVATE LIMITED |
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Registered
Office : |
R-223, M.I.D.C Complex, Thane-Belapur Road, Rabale, Navi Mumbai - 400701, Maharashtra |
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Tel. No.: |
91-22-61774700/ 65161701/2/3/ 27692232/ 40135587 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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|
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Date of
Incorporation : |
21.04.1987 |
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Com. Reg. No.: |
11-043205 |
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Capital
Investment / Paid-up Capital : |
INR 30.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U99999MH1987PLC043205 |
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|
|
|
IEC No.: |
0390008206 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCS8632E |
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GSTIN/UIN : |
Not Divulged |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing, processing and dealing in iron and steel, ferro alloys, special steels, aluminum, copper, lead, line and their alloys and products. (Registered Activity) |
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|
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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 1987. As per the available financial record of 2017, the revenue of the
company has increased by 6.49% along with average profit margin of 2.01%. The sound financial profile of the company is marked by adequate
networth base along with comfortable debt coverage indicators. The company has decent earning per share (EPS) of INR 121.13 against
the face value (FV) of INR 100. The rating takes into consideration the subject’s long track record of
business operations along with extensive experience of its promoters. 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. Note: The company has changed its name to “SUPREME ENGINEERING
LIMITED” w.e.f.
January, 2018. |
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 (Tel. No.: 91-22-27692232)
LOCATIONS
|
Registered Office / Factory/ Warehouse: |
R-223, M.I.D.C Complex, Thane-Belapur Road, Rabale, Navi Mumbai - 400701, Maharashtra, India |
|
Tel. No.: |
91-22-61774700/ 65161701/2/3/ 27692232/ 40135587 |
|
Mobile No.: |
91-9820621928 (Mr. V.S. Kumar) |
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Fax No.: |
91-22-27690341/ 27691594/ 55901704 |
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E-Mail : |
|
|
Website : |
|
|
Area : |
3743 Sq. Ft. |
|
Location : |
Leased |
|
Locality: |
Industrial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sanjay Ratan
Chowdhri |
|
Designation : |
Managing Director |
|
Address : |
Bungalow No. 9, Divya Swapna CHS, G.P. Gidwani Road, Chembur, Mumbai – 400074, Maharashtra, India |
|
Date of Birth/Age : |
10.03.1964 |
|
Qualification : |
BE |
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Date of Appointment : |
21.04.1987 |
|
PAN No.: |
AEEPC3567Q |
|
DIN No.: |
00095990 |
|
|
|
|
Name : |
Ms. Lalita Sanjay Chowdhri |
|
Designation : |
Director |
|
Address : |
Bunglow No.9, Divya Swapna CHS., G. P. Gidwani Road, Chembur, Mumbai – 400074, Maharashtra, India |
|
Date of Birth/Age : |
20.01.1967 |
|
Qualification : |
BE |
|
Date of Appointment : |
21.04.1987 |
|
PAN No.: |
ACBPC2851N |
|
DIN No.: |
00096419 |
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|
|
|
Name : |
Mr. Prakash Vithalrao Deshmukh |
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Designation : |
Director |
|
Address : |
MIG Cottage, Hal Township, Pjhar Township Post Office, Nasik – 422207, Maharashtra, India |
|
Date of Appointment : |
07.12.2017 |
|
DIN No.: |
02376494 |
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|
|
|
Name : |
Mr. Abhinav Sanjay Chowdhary |
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Designation : |
Director |
|
Address : |
8, Divya Swapna, C.G Road, Near Basant Theatre, Chembur, Mumbai – 400074, Maharashtra, India |
|
Date of Appointment : |
07.12.2017 |
|
DIN No.: |
07121484 |
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|
|
|
Name : |
Mr. Jayaraman Kannan |
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Designation : |
Director |
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Address : |
18-8-254/A/1, Plot No.37, Bharath Ratna Colony, Opposite Drdl Saidabad, Hyderabad – 500059, Telangana, India |
|
Date of Appointment : |
17.01.2018 |
|
DIN No.: |
08050352 |
KEY EXECUTIVES
|
Name : |
Mr. Vikas Agarwal |
|
Designation : |
Chief Financial Officer |
|
Address : |
302, Jyoti Sparkle CHSL, Plot No. 81, Sher E Punjab, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Date of Appointment : |
01.12.2017 |
|
PAN No.: |
AORPK3860P |
|
|
|
|
Name : |
Ms. Krupali Riddhesh Thakkar |
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Designation : |
Company Secretary |
|
Address : |
B-2, Prayag, 401, Lok Upvan Phase I, G. A. Road, Near Vasant Vihar, Bus Stop, Thane – 400601, Maharashtra, India |
|
Date of Appointment : |
08.01.2018 |
|
PAN No.: |
ASRPJ0390D |
|
|
|
|
Name : |
Mr. Pranav Sanjay Chowdhri |
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Designation : |
Chief Executive Officer |
|
Address : |
9, Divya Swapna CHS, Dr. C. G Road, Near Basant Theatre, Chembur, Mumbai – 400074, Maharashtra, India |
|
Date of Appointment : |
01.12.2017 |
|
PAN No.: |
BDAPC2941Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Rattan Prakesh Chowdhri |
|
9000 |
|
Rattan Prakesh Chowdhri (HUF) |
|
5000 |
|
Sanjay R Chowdhri |
|
108000 |
|
Sanjay R Chowdhri (HUF) |
|
28000 |
|
Lalita S. Chowdhri |
|
20000 |
|
Sumitra S. Chowdhri |
|
10000 |
|
Abhinav S. Chowdhri |
|
10000 |
|
Pranav S. Chowdhri |
|
10000 |
|
Total |
|
200000 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Lalita S. Chowdhri |
|
15000 |
|
Rattan Prakesh Chowdhri (HUF) |
|
10000 |
|
Sanjay R Chowdhri (HUF) |
|
75000 |
|
Total |
|
100000 |
As on 19.09.2017
|
Names of Allottees (Preference Shares) |
|
No. of Shares |
|
Sanjay Chowdhri HUF |
|
750000 |
|
Lalita Chowdhri |
|
150000 |
|
RP Chowdhri (HUF) |
|
100000 |
|
Total |
|
1000000 |
As on 26.09.2017
|
Names of Allottees (Equity Shares) |
|
No. of Shares |
|
Sanjay Chowdhri |
|
3240000 |
|
Sanjay Chowdhri HUF |
|
3090000 |
|
Lalita Chowdhri |
|
1050000 |
|
Sumitra Chowdhri |
|
300000 |
|
Abhinav Chowdhri |
|
300000 |
|
Pranav S. Chowdhri |
|
300000 |
|
RP Chowdhri |
|
270000 |
|
RP Chowdhri HUF |
|
450000 |
|
Total |
|
9000000 |
As on 26.09.2017
|
Names of Allottees (Preference Shares) |
|
No. of Shares |
|
Sanjay Chowdhri |
|
2730000 |
|
Sanjay Chowdhri HUF |
|
2320000 |
|
Lalita Chowdhri |
|
320000 |
|
Abhinav Chowdhri |
|
220000 |
|
Pranav S. Chowdhri |
|
10000 |
|
Profile Steel Bars Manufacturers Private Limited, India |
|
130000 |
|
Slim Instant Partnership Firm, India |
|
270000 |
|
Total |
|
6000000 |
As on 01.02.2018
|
Names of Allottees (Equity Shares) |
|
No. of Shares |
|
Gunchandra Chunilal Mehta (HUF) |
|
50000 |
|
Pankaj Prasoon |
|
50000 |
|
Israr Ali Khan |
|
50000 |
|
Utsav Shrivastav |
|
50000 |
|
Total |
|
200000 |
As on 01.02.2018
|
Names of Allottees (Equity Shares) |
|
No. of Shares |
|
Lalitkumar Agrawal HUF |
|
40000 |
|
Lalitkumar Agrawal |
|
100000 |
|
Sarita Agrawal |
|
25000 |
|
Sejal Shah |
|
15000 |
|
Anaisha |
|
3000 |
|
Ayush Shah |
|
3000 |
|
Anup Shah |
|
15000 |
|
Satish Agrawal |
|
6000 |
|
Anju Agrawal |
|
6000 |
|
Sresth Agrawal |
|
6000 |
|
Total |
|
219000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
64.00 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
36.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, processing and dealing in iron and steel, ferro alloys, special steels, aluminum, copper, lead, line and their alloys and products. (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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Bajaj and Goyanka Chartered Accountants |
|
Address : |
520, Pearl Plaza, Opposite Andheri Station, Near Mcdonalds, Andheri (West), Mumbai-400053, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AALFN9038N |
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|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
|
|
|
|
Associate : |
Economic Forge Private Limited, India |
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|
|
|
Other Related Party
: |
Sanjay Chowdhri (HUF) |
CAPITAL STRUCTURE
After 30.09.2017
Authorised Capital : INR 251.000 Million
Issued, Subscribed & Paid-up Capital : INR 184.190
Million
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
|
100000 |
Preference Shares |
INR 100/- each |
INR 10.000
Million |
|
|
Total
|
|
INR 30.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
|
100000 |
Preference Shares |
INR 100/- each |
INR 10.000 Million |
|
|
Total
|
|
INR 30.000 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 |
30.000 |
30.000 |
30.000 |
|
(b) Reserves and Surplus |
117.055 |
92.829 |
84.608 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.400 |
0.400 |
|
Total
Shareholders’ Funds (1) + (2) |
147.055 |
123.229 |
115.008 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
427.055 |
382.152 |
624.711 |
|
(b) Deferred tax liabilities (Net) |
12.228 |
14.366 |
13.504 |
|
(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) |
439.283 |
396.518 |
638.215 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
209.900 |
206.413 |
0.000 |
|
(b) Trade
payables |
526.726 |
348.656 |
446.568 |
|
(c) Other
current liabilities |
62.769 |
36.777 |
16.608 |
|
(d) Short-term
provisions |
7.823 |
3.494 |
2.154 |
|
Total Current
Liabilities (4) |
807.218 |
595.340 |
465.330 |
|
|
|
|
|
|
TOTAL |
1393.556 |
1115.087 |
1218.553 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
192.168 |
166.410 |
167.130 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
60.713 |
72.713 |
81.052 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
13.103 |
13.121 |
12.621 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
57.537 |
59.758 |
53.469 |
|
(e) Other
Non-current assets |
12.822 |
14.482 |
16.143 |
|
Total Non-Current
Assets |
336.343 |
326.484 |
330.415 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
587.823 |
460.599 |
385.902 |
|
(c) Trade
receivables |
403.048 |
272.931 |
257.840 |
|
(d) Cash and
bank balances |
32.439 |
26.666 |
24.940 |
|
(e) Short-term
loans and advances |
28.752 |
19.815 |
211.903 |
|
(f) Other
current assets |
5.151 |
8.592 |
7.553 |
|
Total
Current Assets |
1057.213 |
788.603 |
888.138 |
|
|
|
|
|
|
TOTAL |
1393.556 |
1115.087 |
1218.553 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1203.983 |
1130.594 |
787.779 |
|
|
Other Income |
4.765 |
5.875 |
8.224 |
|
|
TOTAL |
1208.748 |
1136.469 |
796.003 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1238.401 |
998.187 |
709.815 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(240.540) |
(44.252) |
(80.152) |
|
|
Employee benefit expense |
15.206 |
13.169 |
13.991 |
|
|
Other expenses |
73.604 |
67.323 |
66.870 |
|
|
TOTAL |
1086.671 |
1034.427 |
710.524 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
122.077 |
102.042 |
85.479 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
76.809 |
74.685 |
63.050 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
45.268 |
27.357 |
22.429 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
19.594 |
15.355 |
11.188 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
25.674 |
12.002 |
11.241 |
|
|
|
|
|
|
|
Less |
TAX |
1.447 |
3.541 |
5.193 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
24.227 |
8.461 |
6.048 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
9.049 |
24.289 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
121.13 |
42.31 |
30.24 |
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 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
70.846 |
103.273 |
(115.717) |
|
Net cash flow from operating activity |
69.399 |
99.732 |
(120.351) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
122.19 |
88.11 |
119.46 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
2.99 |
4.14 |
3.06 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
155.24 |
127.49 |
229.63 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.21 |
0.22 |
0.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.48 |
0.43 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.89 |
0.88 |
0.89 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
4.33 |
4.78 |
5.43 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
5.49 |
4.83 |
4.05 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.72 |
1.94 |
2.16 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.59 |
1.37 |
1.36 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
2.01 |
0.75 |
0.77 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.74 |
0.76 |
0.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.47 |
6.87 |
5.26 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.31 |
1.32 |
1.91 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.58 |
0.55 |
1.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.11 |
0.11 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
21.23 |
19.62 |
20.82 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.31 |
1.32 |
1.91 |
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 |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
84.608 |
92.829 |
117.055 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.400 |
0.400 |
0.000 |
|
Net
worth |
115.008 |
123.229 |
147.055 |
|
|
|
|
|
|
Long-term borrowings |
624.709 |
382.152 |
427.055 |
|
Short term borrowings |
0.000 |
206.413 |
209.900 |
|
Total
borrowings |
624.709 |
588.565 |
636.955 |
|
Debt/Equity
ratio |
5.432 |
4.776 |
4.331 |
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 |
787.779 |
1130.594 |
1203.983 |
|
|
|
43.517 |
6.491 |
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 |
787.779 |
1130.594 |
1203.983 |
|
Profit/ (Loss) |
6.048 |
8.461 |
24.227 |
|
|
0.77% |
0.75% |
2.01% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
REVIEW OF OPERATIONS
AND FORWARD LOOKING STATEMENT
The Director expects to achieve better performance during the current Year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate borrowings |
202.383 |
208.114 |
|
Deposits from shareholders |
72.384 |
72.384 |
|
Loans and advances from related parties |
122.785 |
90.200 |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
209.900 |
206.413 |
|
Total |
607.452 |
577.111 |
INDEX
OF CHARGES
|
Charges Registered |
|
|||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
|
1 |
C55668552 |
10521060 |
BANK OF INDIA |
14/12/2012 |
13/05/2015 |
100000000.0 |
THANE MAIN BRANCH,SHIVAJI PATH OPP M H HIGH SCHOOL,TALAOPALI,THANE-WEST MUMBAI MAHARASHTRA 400601 INDIA |
|
|
2 |
G70267752 |
10396615 |
BANK OF INDIA |
24/11/2012 |
27/07/2017 |
592200000.0 |
SHIVAJI PATH, OPPOSITE M H HIGH SCHOOL THANE WEST THANE MAHARASHTRA 400601 INDIA |
|
|
3 |
B22254775 |
10309497 |
BANK OF INDIA |
11/08/2011 |
- |
100000000.0 |
THANEMAIN BRANCH, SHIVAJI PATH,OPP M H HIGH SCHOOL, TALAOPALI THANE WEST MAHARASHTRA 400601 INDIA |
|
|
4 |
A09421801 |
10033717 |
BANK OF INDIA |
08/12/2006 |
- |
35000000.0 |
THANE MAIN BRANCHSHIVAJI PATH, TALAO PALI THANE MAHARASHTRA 400601 INDIA |
|
|
5 |
G48548168 |
90151214 |
BANK OF INDIA |
23/09/2004 |
25/05/2017 |
592200000.0 |
SHIVAJI PATH,OPP M H HIGH SCHOOL THANE WEST THANE MAHARASHTRA 400601 INDIA |
|
|
6 |
Y10250606 |
90150836 |
BANK OF INDIA |
20/10/2000 |
- |
20000000.0 |
THANE BRANCHSHIVAJI PATAH THANE MAHARASHTRA 400601 INDIA |
|
|
7 |
Y10250370 |
90150600 |
BANK OF INDIA |
16/09/1998 |
20/10/2000 |
5000000.0 |
THANE BRANCHSHIVAJI PATAH THANE MAHARASHTRA 400601 INDIA |
|
|
8 |
Y10250355 |
90150585 |
BANK OF INDIA |
16/07/1998 |
- |
3000000.0 |
THANE BRANCHSHIVAJI PATAH THANE MAHARASHTRA 400601 INDIA |
|
|
9 |
Y10250151 |
90150381 |
BANK OF INDIA |
20/06/1996 |
11/11/9999 |
10000000.0 |
THANE BRANCHSHIVAJI PATAH THANE MAHARASHTRA 400601 INDIA |
|
|
10 |
Y10250149 |
90150379 |
BANK OF INDIA |
14/06/1996 |
11/11/9999 |
22300000.0 |
THANE BRANCHSHIVAJI PATAH THANE MAHARASHTRA 400601 INDIA |
|
FIXED ASSETS
- Land
- Buildings
- Factory building
- Other building
- Plant and equipment
- Factory equipments
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 64.27 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUD |
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.