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MIRA INFORM REPORT
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Report No. : |
490507 |
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Report Date : |
08.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
REYNOLD INDIA PRIVATE LIMITED |
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Registered
Office : |
D-703A, Chittranjan Park, New Delhi - 110019 |
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Tel. No.: |
91-11-43010675 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
25.09.1995 |
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Com. Reg. No.: |
55-072715 |
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Capital Investment
/ Paid-up Capital : |
INR 6.725 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1995PTC072715 |
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IEC No.: |
Not Divulged |
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GSTIN: |
07AAACR4519E1ZN |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACR4519E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Manufacturer, Exporter and Importer
of Industrial Process Chillers. (Registered Activity) |
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No. of Employees
: |
200 (Approximately) |
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 : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1995 having
fine track records. For the financial year ended 2017, the company has witnessed a healthy
growth in its revenue and has achieved fair profit margin at 1.57% (approx.) The company possesses sound financial profile marked by decent net
worth base along with low debt level of the company. The company also derives strength from its long standing track record
of business operations. Trade relations are reported as fair. Business is active. Payment
terms are seems to be regular and as per commitments. In view of the 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 |
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 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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Prashant Kumar |
|
Designation : |
Assistant Account Manager |
|
Contact No.: |
91-120-4664000 |
|
Date : |
06.02.2018 |
LOCATIONS
|
Registered Office : |
D-703A, Chittranjan Park, New Delhi – 110019, India |
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Tel. No.: |
91-11-43010675 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website: |
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Location : |
Owned |
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Locality : |
Residential |
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Corporate Office/ Factory 1: |
Building C-38/39, Sector-2, Noida-201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-4664000/ 4252002 |
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E-Mail : |
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Factory 2: |
Plot No. 30, Sector-4, P.O. Box 249407, SIDCUL, Haridwar - 249407, Uttarakhand, India |
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E-Mail : |
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Factory 3: |
Plot No. 12, Sector-12, P.O. Box 249407, SIDCUL, Haridwar - 249407, Uttarakhand, India |
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Branch Offices 1: |
1/12-13, Flat No. 102, 4th Cross, 5th Main, RPC Layout, Hampi Nagar, Vijay Nagar, 2nd Stage, Bangalore-560104, Karnataka, India |
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Tel. No.: |
91-80-23107066 |
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E-Mail : |
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Branch Offices 2: |
L-54, Kaveri Colony, Anna Nagar East, Chennai-600102, Tamilnadu, India |
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Tel. No.: |
91-44-26632214 |
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E-Mail : |
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Branch Offices 3 |
250/2, Ground Floor, Kamalakant Bhawan, Dum Dum Road, Kolkata-700074, West Bengal, India |
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E-Mail : |
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Branch Offices 4: |
24/A-I4, RNA Broadway Avenue, Near Jangid Circle, Vijay Park, Mira Road (East), Thane-401107, Maharashtra, India |
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Tel. No.: |
91-22-65851865 |
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E-Mail : |
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Branch Offices 5: |
56, Krushnagar Society, Near Vivekanand Circle, Memnagar, Ahmedabad-380052, Gujarat, India |
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Tel. No.: |
91-79-40323057 |
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E-Mail : |
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Overseas Offices: |
Located at: · Bangladesh · Saudi Arabia · Kuwait · Bahrain · Malaysia · Oman ·
Qatar |
DIRECTORS
As on 31.03.2017
|
Name : |
Ms. Sumita Rakshit |
|
Designation : |
Director |
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Address : |
D - 703 A, Chittaranjan Park, New Delhi – 110019, India |
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Date of Birth/Age : |
15.10.1966 |
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Date of Appointment : |
25.09.1995 |
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DIN No.: |
01351590 |
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Name : |
Mr. Vinod Kamboj |
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Designation : |
Director |
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Address : |
445, Shakti Khand 3, Indirapuram, Ghaziabad – 201010, Uttar Pradesh, India |
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Date of Birth/Age : |
04.05.1966 |
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Date of Appointment : |
25.09.1995 |
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DIN No.: |
01500536 |
KEY EXECUTIVES
|
Name : |
Surendra Barnwal and Associates |
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Designation : |
Company Secretaries |
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Address : |
S-557, 7 Hira Complex, 3rd Floor, Main Road School Block ,Shakarpur, Delhi-110092, India |
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Email: |
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Tel. No: |
91- 11-45542434 |
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Mob. No: |
91- 9899452699 |
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|
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|
Name : |
Mr. Prashant Kumar |
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Designation : |
Assistant Account Manager |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Vinod Kamboj |
|
9000 |
|
Vijay Kumar Bali |
|
6300 |
|
Nand Kishore Kundu |
|
5400 |
|
Akshay Kumar Sahu |
|
5400 |
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Thakur Angad Kumar |
|
3600 |
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Jitendra Kumar |
|
3600 |
|
Biswnath Mukherjee |
|
3600 |
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Sanjay Kumar Singh |
|
3600 |
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Dharmendra Singh |
|
3600 |
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Shipra Neogi |
|
3600 |
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Achintya Kumar Adhikary |
|
3600 |
|
Nazam Khan |
|
1800 |
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Amarjeet Ram |
|
900 |
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Kulwant Singh |
|
1800 |
|
Rajeshwar |
|
900 |
|
Sd. Hatim |
|
900 |
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Loknath |
|
900 |
|
Yamin Khan |
|
900 |
|
Arjun Ram |
|
900 |
|
Sumita Rakshit |
|
594200 |
|
Vijaya Laxmi Lingwal |
|
3600 |
|
Dinesh Yadav |
|
3600 |
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Sorabh Bansal |
|
3600 |
|
Sujeet Kumar |
|
3600 |
|
Renu Bhatia |
|
3600 |
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Total |
|
672500 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
89.70 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
10.30 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject is engaged in the business of Manufacturer, Exporter and
Importer of Industrial Process Chillers. (Registered Activity) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Good |
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Countries : |
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Imports : |
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Products : |
Machinery |
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Countries : |
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Terms : |
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Selling : |
Cheque |
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Purchasing : |
Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
200 (Approximately) |
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Bankers : |
·
Standard Chartered Bank, 10, Parliament
Street, New Delhi-110001, India |
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Facilities : |
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Auditors : |
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Name : |
Basu Kumar and Associates Chartered Accountants |
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Address : |
229, Jorbagh, New Delhi – 110003, India |
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Tel. No.: |
91-11-42403073/ 24617716 |
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Mobile No.: |
91-9818546004 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
ABJPB3137F |
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Memberships No: |
083416 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
672500 |
Equity Shares |
INR 10/- each |
INR 6.725 Million |
|
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|
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 |
|
|
|
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(a) Share Capital |
6.725 |
6.153 |
5.640 |
|
(b) Reserves & Surplus |
53.762 |
46.073 |
39.843 |
|
(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) |
60.487 |
52.226 |
45.483 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
4.920 |
7.244 |
6.742 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
4.920 |
7.244 |
6.742 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
50.552 |
47.337 |
47.664 |
|
(b)
Trade payables |
117.188 |
92.099 |
93.434 |
|
(c)
Other current liabilities |
59.602 |
94.274 |
77.143 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
227.342 |
233.710 |
218.241 |
|
|
|
|
|
|
TOTAL |
292.749 |
293.180 |
270.466 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
14.932 |
17.192 |
18.678 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2.250 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
3.071 |
2.341 |
1.242 |
|
(d) Long-term Loan
and Advances |
3.636 |
3.362 |
3.362 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
23.889 |
22.895 |
23.282 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
104.973 |
114.604 |
99.415 |
|
(b)
Inventories |
47.602 |
68.103 |
60.836 |
|
(c)
Trade receivables |
70.275 |
53.448 |
42.639 |
|
(d)
Cash and cash equivalents |
29.191 |
6.127 |
19.462 |
|
(e)
Short-term loans and advances |
16.819 |
28.003 |
24.832 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
268.860 |
270.285 |
247.184 |
|
|
|
|
|
|
TOTAL |
292.749 |
293.180 |
270.466 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
535.779 |
398.588 |
410.521 |
|
|
|
Other Income |
14.810 |
11.138 |
8.895 |
|
|
|
TOTAL (A) |
550.589 |
409.726 |
419.416 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
331.145 |
254.904 |
255.929 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
14.764 |
(12.871) |
6.569 |
|
|
|
Employees benefits expense |
56.153 |
48.857 |
45.095 |
|
|
|
Other expenses |
127.427 |
100.726 |
91.609 |
|
|
|
TOTAL (B) |
529.489 |
391.616 |
399.202 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
21.100 |
18.110 |
20.214 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.612 |
6.239 |
5.955 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.488 |
11.871 |
14.259 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.233 |
3.538 |
5.161 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
11.255 |
8.333 |
9.098 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.839 |
1.457 |
2.377 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
8.416 |
6.876 |
6.721 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
52.563 |
44.130 |
113.475 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw Materials |
13.608 |
16.257 |
31.465 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
13.58 |
12.19 |
13.44 |
|
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 |
|
|
|
|
|
|
Cash used in operations |
NA |
2.620 |
(0.800) |
|
|
|
|
|
|
Net Cash flow from (used in) Operating Activities |
NA |
(6.228) |
(4.413) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
47.87 |
48.94 |
37.91 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.62 |
7.46 |
9.63 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
129.17 |
131.88 |
133.25 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.44 |
0.27 |
0.33 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.23 |
1.05 |
1.08 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.79 |
0.82 |
0.83 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.92 |
1.05 |
1.20 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
3.76 |
4.47 |
4.80 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.28 |
0.33 |
0.41 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.19 |
2.90 |
3.39 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.57 |
1.73 |
1.64 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.87 |
2.35 |
2.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
13.91 |
13.17 |
14.78 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.18 |
1.16 |
1.13 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.97 |
0.87 |
0.85 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.21 |
0.18 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
8.25 |
8.87 |
9.65 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.18 |
1.16 |
1.13 |
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 |
5.640 |
6.153 |
6.725 |
|
Reserves & Surplus |
39.843 |
46.073 |
53.762 |
|
Net
worth |
45.483 |
52.226 |
60.487 |
|
|
|
|
|
|
long-term borrowings |
6.742 |
7.244 |
4.920 |
|
Short term borrowings |
47.664 |
47.337 |
50.552 |
|
Total
borrowings |
54.406 |
54.581 |
55.472 |
|
Debt/Equity
ratio |
1.196 |
1.045 |
0.917 |
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 |
410.521 |
398.588 |
535.779 |
|
|
|
(2.907) |
34.419 |
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 |
410.521 |
398.588 |
535.779 |
|
Profit |
6.721 |
6.876 |
8.416 |
|
|
1.64% |
1.73% |
1.57% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 two/ 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION
The company is a private limited company domiciled in India and
incorporated on 25th day of September 1995 under the provisions of
the companies act, 1956. The company is engaged in the business of
manufacturing of Industrial Process Chillers.
BUSINESS ACTIVITIES/INFORMATION
ON STATE OF THE COMPANY AFFAIRS:
The company is engaged in the business of manufacturing of industrial
process chillers and operates its business from two manufacturing unit one is
at Noida and second is at Haridwar. Company is also involved in export of
manufacture red goods and imports materials from outside india.
During the year the company has earned a profit before tax of INR 11.255
million during the financial year compare to the previous year profit before
tax INR 8.333 Million.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G74442690 |
100149731 |
Bank of India |
28/09/2017 |
- |
- |
486000.0 |
E-52, B, SECTOR-9, NOIDA BRANCH, NOIDA-201301, UTTAR PRADESH, INDIA |
|
2 |
G74442997 |
100149732 |
Bank of India |
28/09/2017 |
- |
- |
504000.0 |
E-52, B, SECTOR-9, NOIDA BRANCH, NOIDA-201301, UTTAR PRADESH, INDIA |
|
3 |
G20326351 |
10540994 |
STANDARD CHARTERED BANK |
15/12/2014 |
10/10/2016 |
- |
3125000.0 |
10, PARLIAMENT STREET, NEW DELHI-110001, INDIA |
|
4 |
A94578168 |
10239556 |
BANK OF INDIA |
25/08/2010 |
- |
- |
4500000.0 |
E-52, B, SECTOR-9, NOIDA BRANCH, NOIDA-201301, UTTAR PRADESH, INDIA |
|
5 |
B57320350 |
10096878 |
Bank Of India |
26/02/2008 |
14/08/2012 |
- |
6700000.0 |
E-52, B, SECTOR-9, NOIDA BRANCH, NOIDA-201301, UTTAR PRADESH, INDIA |
FIXED ASSETS:
- Land
- Building
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer and Accessories
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 64.14 |
|
|
1 |
INR 89.50 |
|
Euro |
1 |
INR 64.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.