|
|
|
MIRA
INFORM REPORT
|
Report No. : |
490861 |
|
Report Date : |
08.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
KANODIA TECHNOPLAST LIMITED (w.e.f. 16.12.2009) |
|
|
|
|
Formerly Known
As : |
KANODIA TECHNOPLAST PRIVATE LIMITED |
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|
|
|
Registered
Office : |
A-54, Wazirpur Industrial Area, New Delhi – 110052 |
|
Tel. No.: |
91-11-27373071 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
20.04.1995 |
|
|
|
|
Com. Reg. No.: |
55-067544 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 460.009 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PLC067544 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TIN No : |
06353017190 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTIN : |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACK3668F |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
The Subject is engaged in manufacturing all kinds of multi-layered laminated packaging films, pre-formed pouches and bags. (Registered activity) |
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|
|
|
No. of Employees
: |
Not Available |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 4300000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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Comments : |
Kanodia Technoplast was incorporated in the year 1995. For the financial year 2017, the company has achieved 30.64% growth in
its revenue as compared to previous year revenue and has reported average
profit margin of 2.81%. The sound financial profile of the company is marked by strong
networth base along with negligible debt level. The rating takes into consideration the subject’s long track record of
business operations along with extensive experience of its promoters. However, rating strengths are partially offset by unfavourable gap
between trade payables and trade receivables. Business is active. Payments seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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 08.02.2018
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.
LOCATIONS
|
Registered Office : |
A-54, Wazirpur Industrial Area, New Delhi – 110052, India |
|
Tel. No.: |
91-11-27373071 / 43274274 |
|
Fax No.: |
91-11-43274275 |
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E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Plot No. 113, Sector 56, Phase IV, HIISDC Industrial Estate, Kundli,
Sonepat, Haryana, India |
|
Location : |
Owned |
|
|
|
|
Cylinder Division : |
A-43, Wazirpur Industrial Area, New Delhi - 110052, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mrs. Meenu Chetan Kanodia |
||||||||||||||||||||
|
Designation : |
Whole - Time Director |
||||||||||||||||||||
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Address : |
A-213, Kewal Park, Azadpur, Delhi-110033, |
||||||||||||||||||||
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Date of Birth/Age : |
20.07.1955 |
||||||||||||||||||||
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Qualification : |
LLB |
||||||||||||||||||||
|
Date of Appointment : |
01.07.2011 |
||||||||||||||||||||
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PAN No.: |
AALPK5236H |
||||||||||||||||||||
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DIN No.: |
00688289 |
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Other Directorship:
|
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|
||||||||||||||||||||
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Name : |
Mr. Chetan Keshav Dev Kanodia |
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|
Designation : |
Managing Director |
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|
Address : |
A-213, Kewal Park, Azadpur, Delhi-110033, |
||||||||||||||||||||
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Date of Birth/Age : |
24.12.1952 |
||||||||||||||||||||
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Qualification : |
M.Sc, DBM, ATA |
||||||||||||||||||||
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Date of Appointment : |
20.04.1995 |
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PAN No.: |
AIHPK1457C |
||||||||||||||||||||
|
DIN No.: |
00713513 |
||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Rubin Paresh Chheda |
||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||
|
Address : |
601-602, Gurukrupa Building, Plot No#66, Hindu Colony No.1, Dadar (East), Mumbai – 400014, Maharashtra, India |
||||||||||||||||||||
|
Date of Appointment : |
30.06.2017 |
||||||||||||||||||||
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DIN No.: |
06695695 |
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Other Directorship:
|
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|
|
|
||||||||||||||||||||
|
Name : |
Mr. Gaurav Tandon |
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Designation : |
Director |
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|
Address : |
WA-135, Street No.11, Delhi – 110092, India |
||||||||||||||||||||
|
Date of Appointment : |
29.12.2014 |
||||||||||||||||||||
|
DIN No.: |
06902543 |
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|
||||||||||||||||||||
|
Name : |
Mr. Harsh Kumar Aggarwal |
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Designation : |
Director |
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|
Address : |
S-13D, Top Floor Sunder Block, Shakarpur, Delhi – 110092, India |
||||||||||||||||||||
|
Date of Appointment : |
29.12.2014 |
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|
DIN No.: |
06903152 |
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|
||||||||||||||||||||
|
Name : |
Mr. Dhruv Kanodia |
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|
Designation : |
Whole-time Director |
||||||||||||||||||||
|
Address : |
A-213 Kewal Park Azad Pur – 110033, Delhi, India |
||||||||||||||||||||
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Date of Birth/Age : |
01.12.1991 |
||||||||||||||||||||
|
Qualification : |
Commerce Graduate |
||||||||||||||||||||
|
Date of Appointment : |
01.01.2017 |
||||||||||||||||||||
|
PAN No.: |
BPAPK9183E |
||||||||||||||||||||
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DIN No.: |
07404612 |
||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Sangeeta Gulati |
|
Designation : |
Chief Financial Officer (KMP) |
|
Address : |
12, Mausam Apartments West Enclave, Pitampura, Delhi – 110034, India |
|
Date of Birth/Age : |
18.08.1965 |
|
Qualification : |
FCA, MBA, M.com, BSC (Hons) |
|
Date of Appointment : |
01.06.2016 |
|
PAN No.: |
AGVPG6698R |
|
|
|
|
Name : |
Ms. Falguni Arora |
|
Designation : |
Company Secretary |
|
Address : |
BB-94 D (East) Shalimar Bagh, Delhi – 110088, India |
|
Date of Birth/Age : |
04.08.1990 |
|
Date of Appointment : |
01.09.2015 |
|
PAN No.: |
BCXPA3462Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Chetan Kanodia |
|
9279200 |
|
Meenu Kanodia |
|
5215630 |
|
Chetan Kanodia and Sons HUF |
|
4306226 |
|
Keshav Dev Kanodia |
|
70 |
|
Dhruv Kanodia |
|
770000 |
|
Kavita Gupta |
|
70 |
|
K.D. Kanodia And Sons HUF |
|
804 |
|
Arudhra Finvest (India) private Limited |
|
3335000 |
|
Subhra Plantations (India) Private Limited |
|
3538500 |
|
Angali Chemicals Private Limited |
|
1500000 |
|
Indus Kamdhenu Fund Limited |
|
18055423 |
|
Total |
|
46000923 |
Equity Share Break up (Percentage of Total Equity)
As on 19.08.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
31.51 |
|
Public – (Individual/ Hindu Undivided
Family – Indian) |
11.04 |
|
Public – Foreign Institutions
Investors |
39.25 |
|
Public - Bodies corporate |
18.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in manufacturing all kinds of multi-layered laminated packaging films, pre-formed pouches and bags. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Available |
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||||
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Imports : |
Not Available |
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|
||||
|
Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Financial Institution : |
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|
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Auditors : |
|
|
Name : |
Haribhakti and Company LLP Chartered Accountants |
|
Address : |
52-B, IIIrd Floor, Okhla Industrial Area, Phase-III, New Delhi-110020, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFH2010F |
|
|
|
|
Secretarial Audit
Report: |
|
|
Name : |
Sanjay Grover andAssociates |
|
PAN No.: |
ARFPA6565Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company: |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
U74899DL1995PTC074381 |
|
|
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47000000 |
Equity Shares |
INR 10/- each |
INR 470.000 Million |
|
3500000 |
Preference Shares |
INR 100/- each |
INR 350.000 Million |
|
|
TOTAL |
|
INR 820.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46000923 |
Equity Shares |
INR 10/- each |
INR 460.009 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 |
460.009 |
460.009 |
460.009 |
|
(b) Reserves and Surplus |
1048.653 |
935.218 |
838.697 |
|
(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) |
1508.662 |
1395.227 |
1298.706 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
426.375 |
670.430 |
819.249 |
|
(b) Deferred tax liabilities (Net) |
214.187 |
166.514 |
136.665 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
9.979 |
6.626 |
4.387 |
|
Total Non-current
Liabilities (3) |
650.541 |
843.570 |
960.301 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
785.222 |
856.790 |
765.959 |
|
(b) Trade
payables |
840.443 |
846.359 |
689.086 |
|
(c) Other
current liabilities |
451.063 |
367.555 |
399.174 |
|
(d) Short-term
provisions |
24.640 |
34.362 |
79.920 |
|
Total Current
Liabilities (4) |
2101.368 |
2105.066 |
1934.139 |
|
|
|
|
|
|
TOTAL |
4260.571 |
4343.863 |
4193.146 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1880.920 |
1880.853 |
1848.793 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
76.895 |
56.501 |
244.235 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.436 |
0.436 |
0.436 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
190.658 |
89.395 |
70.951 |
|
(e) Other
Non-current assets |
3.920 |
4.154 |
3.834 |
|
Total Non-Current
Assets |
2152.829 |
2031.339 |
2168.249 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
391.360 |
273.144 |
238.486 |
|
(c) Trade
receivables |
1614.620 |
1837.433 |
1704.431 |
|
(d) Cash and
bank balances |
33.434 |
28.085 |
20.729 |
|
(e)
Short-term loans and advances |
67.777 |
173.251 |
60.948 |
|
(f) Other
current assets |
0.551 |
0.611 |
0.303 |
|
Total
Current Assets |
2107.742 |
2312.524 |
2024.897 |
|
|
|
|
|
|
TOTAL |
4260.571 |
4343.863 |
4193.146 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4035.176 |
3088.625 |
3427.090 |
|
|
Other Income |
3.930 |
7.224 |
9.101 |
|
|
TOTAL |
4039.106 |
3095.849 |
3436.191 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2935.992 |
2033.326 |
2279.833 |
|
|
Purchases of
Stock-in-Trade |
51.948 |
200.200 |
257.570 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(12.442) |
(16.751) |
4.975 |
|
|
Employee benefit expense |
121.581 |
86.338 |
68.477 |
|
|
CSR expenditure |
3.056 |
3.049 |
0.000 |
|
|
Other expenses |
364.037 |
316.284 |
385.527 |
|
|
Extraordinary items before tax |
57.543 |
0.000 |
0.000 |
|
|
TOTAL |
3521.715 |
2622.446 |
2996.382 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
517.391 |
473.403 |
439.809 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
264.691 |
260.622 |
240.950 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
252.700 |
212.781 |
198.859 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
87.710 |
80.783 |
74.601 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
164.990 |
131.998 |
124.258 |
|
|
|
|
|
|
|
Less |
TAX |
51.556 |
31.123 |
14.071 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
113.434 |
100.875 |
110.187 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
331.640 |
298.954 |
414.661 |
|
|
TOTAL EARNINGS |
331.640 |
298.954 |
414.661 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.47 |
2.19 |
2.94 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
218.520 |
209.027 |
230.843 |
|
Net cash flows from (used in) operations |
845.685 |
342.771 |
462.982 |
|
Net cash flows from (used in) operating activities |
889.408 |
396.547 |
449.156 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
146.05 |
217.14 |
181.53 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.50 |
1.68 |
2.01 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
102.67 |
138.31 |
99.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.32 |
1.73 |
1.84 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.26 |
0.24 |
0.21 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.64 |
0.69 |
0.71 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.95 |
1.24 |
1.40 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.39 |
1.51 |
1.49 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.30 |
1.39 |
1.61 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.95 |
1.82 |
1.83 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.81 |
3.27 |
3.22 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.66 |
2.32 |
2.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.52 |
7.23 |
8.48 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.00 |
1.10 |
1.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.82 |
0.97 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.35 |
0.32 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.11 |
3.77 |
3.95 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.00 |
1.10 |
1.05 |
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 |
460.009 |
460.009 |
460.009 |
|
Reserves & Surplus |
838.697 |
935.218 |
1048.653 |
|
Net
worth |
1298.706 |
1395.227 |
1508.662 |
|
|
|
|
|
|
Long-term borrowings |
819.249 |
670.430 |
426.375 |
|
Short term borrowings |
765.959 |
856.790 |
785.222 |
|
Current maturities of
long-term debts |
230.843 |
209.027 |
218.520 |
|
Total
borrowings |
1816.051 |
1736.247 |
1430.117 |
|
Debt/Equity
ratio |
1.398 |
1.244 |
0.948 |
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 |
3427.090 |
3088.625 |
4035.176 |
|
|
0.000 |
(9.876) |
30.646 |
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 |
3427.090 |
3088.625 |
4035.176 |
|
Profit/ (Loss) |
110.187 |
100.875 |
113.434 |
|
|
3.22
% |
3.27
% |
2.81
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
460.009 |
460.009 |
|
(b) Reserves & Surplus |
|
1049.435 |
936.044 |
|
(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) |
|
1509.444 |
1396.053 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
426.375 |
670.430 |
|
(b) Deferred tax liabilities
(Net) |
|
214.187 |
166.514 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
9.979 |
6.626 |
|
Total
Non-current Liabilities (3) |
|
650.541 |
843.570 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
785.222 |
856.790 |
|
(b) Trade payables |
|
840.443 |
846.359 |
|
(c) Other current liabilities |
|
451.083 |
367.582 |
|
(d) Short-term provisions |
|
24.640 |
34.362 |
|
Total
Current Liabilities (4) |
|
2101.388 |
2105.093 |
|
|
|
|
|
|
TOTAL |
|
4261.373 |
4344.716 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1880.920 |
1880.853 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
76.895 |
56.501 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
190.658 |
89.395 |
|
(e) Other Non-current assets |
|
3.920 |
4.154 |
|
Total
Non-Current Assets |
|
2152.393 |
2030.903 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
391.360 |
273.144 |
|
(c) Trade receivables |
|
1616.190 |
1839.003 |
|
(d) Cash and cash equivalents |
|
33.434 |
28.085 |
|
(e) Short-term loans and
advances |
|
67.445 |
172.969 |
|
(f) Other current assets |
|
0.551 |
0.612 |
|
Total
Current Assets |
|
2108.980 |
2313.813 |
|
|
|
|
|
|
TOTAL |
|
4261.373 |
4344.716 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
4035.176 |
3088.625 |
|
|
Other Income |
|
3.930 |
7.225 |
|
|
TOTAL
|
|
4039.106 |
3095.850 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
2935.992 |
2033.326 |
|
|
Purchases of Stock-in-Trade |
|
51.948 |
200.199 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(12.442) |
(16.750) |
|
|
Employees benefits expense |
|
121.581 |
86.338 |
|
|
Extraordinary Items |
|
57.543 |
0.000 |
|
|
Other expenses |
|
367.137 |
319.397 |
|
|
TOTAL |
|
3521.759 |
2622.510 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
517.347 |
473.340 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
264.691 |
260.622 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
252.656 |
212.718 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
87.710 |
80.783 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
164.946 |
131.935 |
|
|
|
|
|
|
|
Less |
TAX |
|
51.556 |
30.994 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
113.390 |
100.941 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
2.46 |
2.19 |
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
THE FINANCIAL RESULTS
FOR THE PERIOD 01ST APRIL, 2016 TO 31ST MARCH, 2017 ARE AS UNDER:
The accounts of the company reveal that the total turnover (net of excise) of the company during the financial year 2016-17 is INR 4035.176 Million as compared to the total turnover of INR 3088.625 Million in year 2015-16, depicting an increase of 30.65% on YOY basis. The Net profit before provision for taxation of the company Increased to INR 164.990 Million from INR 131.998 Million, depicting an increase of 24.99% on YOY basis. Profit after Tax increased to INR 113.434 Million in Financial year 2016-17 as compared to INR 100.875 Million depicting an increase of 12.45%
During the year, company received insurance claim from New India Assurance Limited against its stock policy amounting to INR 48.211 Million as against claim lodged of INR 105.754 Million, leading to a loss of INR 57.543 Million, shown as an extraordinary item in the Profit and Loss Account.
EBIDTA increased to INR 517.391 Million after providing for extraordinary loss on account of insurance claim in financial year 2016-17 as compared to INR 473.403 Million, depicting an increase of 9.29% on YOY basis. Had the insurance extraordinary loss not being booked, EBIDTA increase on YOY basis for financial year 2016-17 would have been 21.44%.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loans from others |
109.625 |
158.100 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Rupee term loans from others |
4.531 |
2.500 |
|
Total |
114.156 |
160.600 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G75864215 |
100126075 |
THE DELHI SAFE DEPOSIT COMPANY LIMITED |
26/09/2017 |
23/01/2018 |
- |
10000000.0 |
86JANPATHNEW DELHIDe000000IN |
|
2 |
G47737663 |
100097317 |
AXIS TRUSTEE SERVICES LIMITED |
25/04/2017 |
22/06/2017 |
- |
600000000.0 |
AXIS HOUSE, BOMBAY DYEING MILLSCOMPOUND, PANDHURANG BUDHKAR MARG, WORLIMUMBAIMa400025IN |
|
3 |
G74213703 |
10599464 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
30/09/2015 |
02/01/2018 |
- |
70000000.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
4 |
G48033567 |
10463767 |
State Bank of India |
21/10/2013 |
06/06/2017 |
- |
1049000000.0 |
Commercial Branch , N-3 South Extension Part-1New DelhiNew DelhiDL110049IN |
|
5 |
G59012948 |
100057759 |
THE DELHI SAFE DEPOSIT COMPANY LIMITED |
17/10/2016 |
- |
25/10/2017 |
13000000.0 |
86JANPATHNEW DELHIDe000000IN |
|
6 |
G60520301 |
10465906 |
Axis Bank Limited |
21/10/2013 |
- |
11/10/2017 |
100000000.0 |
2ND FLOOR, STATESMAN HOUSE148, BARAKHAMBA ROADNEW DELHIDL110001IN |
|
7 |
G60519204 |
10465908 |
Axis Bank Limited |
14/11/2013 |
- |
11/10/2017 |
100000000.0 |
2ND FLOOR, STATESMAN HOUSE148, BARAKHAMBA ROADNEW DELHIDL110001IN |
|
8 |
G53440319 |
10407422 |
State Bank Of India |
16/01/2013 |
21/10/2013 |
30/05/2017 |
600000000.0 |
Commercial BranchN-3, South Extension-INew DelhiDL110049IN |
|
9 |
G53441283 |
10386027 |
STATE BANK OF PATIALA |
05/11/2012 |
- |
30/05/2017 |
90000000.0 |
COMMERCIAL BRANCH,CHANDRALOK BUILDING, 36, JANPATH ,NEW DELHIDL110001IN |
|
10 |
G37427473 |
10585627 |
THE DELHI SAFE DEPOSIT COMPANY LIMITED |
22/07/2015 |
- |
04/03/2017 |
30000000.0 |
86JANPATHNEW DELHIDL110001IN |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Furniture and fixtures
- 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 64.02 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.72 |
INFORMATION DETAILS
|
Analysis Done by
: |
VRS |
|
|
|
|
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.