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|
MIRA INFORM REPORT
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Report No. : |
490994 |
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Report Date : |
08.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAFEPACK INDUSTRIES LIMITED (w.e.f. 1996) |
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Formerly Known
As : |
SAFEPACK POONA PRIVATE LIMITED |
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Registered
Office : |
Gat No. 1093/1094, Pune Nashik Highway, At Post Shiroli, Taluka
Rajgurunagar, Pune – 410505, Maharashtra |
|
Tel. No.: |
91-2135-222199/ 27111000/ 25560400 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
03.05.1991 |
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Com. Reg. No.: |
11- 061503 |
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Capital
Investment / Paid-up Capital : |
INR 40.500 Million |
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CIN No.: [Company Identification
No.] |
U29195PN1991PLC061503 |
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IEC No.: |
3193000469 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTIN : |
Not Divulged |
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TIN No.: |
27840410087 |
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PAN No.: [Permanent Account No.] |
AADCS9161Q |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of manufacturing of
innovative packaging solutions to meet the requirements of various Industries
including Metals, Automotive, Engineering, Electricals, Electronics, Defence,
Pharma, Food, Textiles etc. (Registered Activity) |
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No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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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 1991. It is engaged in the
business of manufacturing and selling of specialty packing material i.e. productive,
poly coated and flexible packing materials and allied activities. For the financial year ended 2017, the revenue of the company has
increased by 8.92% as compared to the previous year and it has reported an
average net profit margin of 4.79%. The company possesses healthy financial profile marked by adequate
networth base along with low debt level and favorable gap between trade
payables and receivables. Business is active. Payment seems to be usually correct. 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.
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 DENIED
Management non-cooperative [Tel. No.: 91-2135-222199]
LOCATIONS
|
Registered Office/Factory : |
Gat No. 1093/1094, Pune Nashik Highway, At Post Shiroli, Taluka
Rajgurunagar, Pune – 410505, Maharashtra |
|
Tel. No.: |
91-2135-222199/ 27111000/ 25560400 |
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Fax No.: |
91-2135-223289 |
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E-Mail : |
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|
Website : |
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|
Area : |
50000 sq. ft. |
|
Location : |
Owned |
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Marketing Office : |
A Symphony, 210 Ashok Nagar, Range Hills Road, Pune - 411020,
Maharashtra, India |
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Tel No.: |
91-20-25560400 / 25560999 / 25561600 / 25561500 |
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Fax No.: |
91-20-25560888 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Mohan Harakchand Bhandari |
|
Designation : |
Director |
|
Address : |
604, Mantri Lawns, Behind Anand Ban Club, Anand Ban, Aundh, Pune – 411007, Maharashtra, India |
|
Date of Birth/Age : |
14.11.1959 |
|
Date of Appointment : |
20.10.2001 |
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DIN No.: |
00052777 |
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Name : |
Mr. Rajendra Bhagirath Tapadia |
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Designation : |
Managing director |
|
Address : |
Bunglow No. 1, |
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Date of Birth/Age : |
06.10.1959 |
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Date of Appointment : |
01.10.2013 |
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DIN No.: |
00508894 |
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Name : |
Mrs. Anjali Rajendra Tapadia |
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Designation : |
Whole-time director |
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Address : |
Bunglow No. 1, |
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Date of Birth/Age : |
30.07.1962 |
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Date of Appointment : |
01.10.2013 |
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DIN No.: |
00508907 |
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Name : |
Mr. Rajesh Omkarnath Malpani |
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Designation : |
Director |
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Address : |
Bansuri Janakinagar, Sangamner, District Ahmednagar Ms, Sangamner –
422605, Maharashtra, India |
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Date of Birth/Age : |
23.02.1961 |
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Date of Appointment : |
20.11.2001 |
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DIN No.: |
01596468 |
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Name : |
Mr. Anup Rajendra Tapadia |
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Designation : |
Director |
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Address : |
Mauli Bunglow No 1, Mantri Kishor Park Bhosale Nagar, Pune - 411007,
Maharashtra, India |
|
Date of Appointment : |
16.02.2015 |
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DIN No.: |
02326410 |
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Name : |
Mr. Anand Rajendra Tapadia |
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Designation : |
Whole-Time Director |
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Address : |
Mauli Bunglow No. 1, Mantri Kishor Park, Bhosale Nagar, Pune - 411007,
Maharashtra, India |
|
Date of Appointment : |
16.02.2015 |
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DIN No.: |
07095944 |
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Name : |
Mr. Sharad Shamsundar Sarda |
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Designation : |
Whole-Time Director |
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Address : |
D/303 Sonigara Nilay 1817, B/H.Kunal River Side Chd., Pune - 411033,
Maharashtra, India |
|
Date of Appointment : |
16.02.2015 |
|
DIN No.: |
7095964 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rajendra Bhagirath Tapadia |
|
3105270 |
|
Anjali Rajendra Tapadia |
|
938700 |
|
Ajit Khushalchand Lunawat |
|
1800 |
|
Mohan Harakchand Bhandari |
|
2250 |
|
Rajendra Bhagirath Tapadia HUF |
|
900 |
|
Rajesh Omkarnath Malpani |
|
450 |
|
Safe Packaging Private Limited, India |
|
450 |
|
Ms. Shreya Anup Tapadia |
|
5 |
|
Ms. Kunda Prakash Malpani |
|
5 |
|
Mr. Prakash Malapani HUF |
|
5 |
|
Mr. Gopikishan Ramkishanji Bharadia |
|
5 |
|
Ms. Priya Pawan Jaju |
|
5 |
|
Ms. Kanta Ajit Lunawat |
|
5 |
|
Mr. Anup Rajendra Tapadia |
|
75 |
|
Mr. Anand Rajendra Tapadia |
|
75 |
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Total |
|
4050000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
99.88 |
|
Promoter - Bodies
corporate |
0.01 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
0.11 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of manufacturing of
innovative packaging solutions to meet the requirements of various Industries
including Metals, Automotive, Engineering, Electricals, Electronics, Defence,
Pharma, Food, Textiles etc. (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 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 : |
Patankar and Associates Chartered Accountants |
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Address : |
19, Gold Wings, Parvati Nagar, Sinhagad Road, Pune - 411030,
Maharashtra, India |
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Tel. No.: |
91-20-24252117/ 18 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFP8926B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Concern over which Key management personnel or their relative have
significant influence : |
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CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4230000 |
Equity Shares |
INR 10/- each |
INR 42.300 Million |
|
20000 |
Preference Shares |
INR 10/- each |
INR 0.200 Million |
|
|
Total |
|
INR 42.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4050000 |
Equity Shares |
INR 10/- each |
INR 40.500
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 |
|
|
|
|
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|
I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
40.500 |
40.500 |
40.500 |
|
(b) Reserves &
Surplus |
145.756 |
129.444 |
132.798 |
|
(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) |
186.256 |
169.944 |
173.298 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
36.157 |
35.799 |
46.008 |
|
(b) Deferred tax
liabilities (Net) |
9.479 |
10.152 |
8.492 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.609 |
1.672 |
1.491 |
|
Total Non-current
Liabilities (3) |
47.245 |
47.623 |
55.991 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
69.990 |
94.811 |
61.934 |
|
(b) Trade payables |
97.740 |
80.823 |
102.679 |
|
(c) Other current
liabilities |
22.644 |
27.862 |
27.961 |
|
(d) Short-term provisions |
7.562 |
11.179 |
6.360 |
|
Total Current Liabilities
(4) |
197.936 |
214.675 |
198.934 |
|
|
|
|
|
|
TOTAL |
431.437 |
432.242 |
428.223 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
133.438 |
158.474 |
173.986 |
|
(ii) Intangible Assets |
0.915 |
1.166 |
0.357 |
|
(iii) Capital
work-in-progress |
15.084 |
15.084 |
15.354 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.001 |
0.001 |
0.001 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.994 |
2.380 |
2.345 |
|
(e) Other Non-current
assets |
0.586 |
0.000 |
0.000 |
|
Total Non-Current Assets |
153.018 |
177.105 |
192.043 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
93.436 |
74.985 |
94.786 |
|
(c) Trade receivables |
173.285 |
170.221 |
134.332 |
|
(d) Cash and cash
equivalents |
4.031 |
2.701 |
2.292 |
|
(e) Short-term loans and
advances |
6.861 |
6.865 |
4.689 |
|
(f) Other current assets |
0.806 |
0.365 |
0.081 |
|
Total Current Assets |
278.419 |
255.137 |
236.180 |
|
|
|
|
|
|
TOTAL |
431.437 |
432.242 |
428.223 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
794.027 |
729.000 |
717.075 |
|
|
Other Income |
10.328 |
14.735 |
11.725 |
|
|
TOTAL |
804.355 |
743.735 |
728.800 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
549.191 |
501.930 |
533.241 |
|
|
Purchases of
Stock-in-Trade |
0.102 |
0.341 |
0.314 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(4.860) |
12.987 |
(17.572) |
|
|
Employees benefits
expense |
73.848 |
70.980 |
62.580 |
|
|
Other expenses |
96.324 |
85.444 |
82.882 |
|
|
TOTAL |
714.605 |
671.682 |
661.445 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
89.750 |
72.053 |
67.355 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
9.760 |
14.675 |
15.560 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
79.990 |
57.378 |
51.795 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION
|
20.862 |
30.149 |
31.363 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
59.128 |
27.229 |
20.432 |
|
|
|
|
|
|
|
Less |
TAX |
21.077 |
9.424 |
7.139 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
38.051 |
17.805 |
13.293 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
127.189 |
102.080 |
84.690 |
|
|
TOTAL EARNINGS |
127.189 |
102.080 |
84.690 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
77.822 |
86.374 |
106.713 |
|
|
Components and Stores
parts |
0.027 |
0.343 |
0.015 |
|
|
TOTAL IMPORTS |
77.849 |
86.717 |
106.728 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
9.40 |
4.40 |
3.28 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.995 |
11.954 |
11.641 |
|
Cash generated from operations |
84.389 |
31.518 |
72.097 |
|
Net cash flow from operating activity |
59.560 |
21.168 |
58.103 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
79.66 |
85.23 |
68.38 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.58 |
4.28 |
5.34 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
64.95 |
58.73 |
70.24 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.96 |
0.96 |
0.71 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.60 |
0.41 |
0.36 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.55 |
0.61 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.58 |
0.84 |
0.69 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.06 |
1.26 |
1.15 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.80 |
1.03 |
1.09 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
9.20 |
4.91 |
4.33 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.79 |
2.44 |
1.85 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.82 |
4.12 |
3.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
20.43 |
10.48 |
7.67 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.41 |
1.19 |
1.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.93 |
0.84 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.43 |
0.39 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.67 |
3.52 |
2.95 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.41 |
1.19 |
1.19 |
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 |
40.500 |
40.500 |
40.500 |
|
Reserves & Surplus |
132.798 |
129.444 |
145.756 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
173.298 |
169.944 |
186.256 |
|
|
|
|
|
|
long-term borrowings |
46.008 |
35.799 |
36.157 |
|
Short term borrowings |
61.934 |
94.811 |
69.990 |
|
Current Maturities of
Long term debt |
11.641 |
11.954 |
1.995 |
|
Total borrowings |
119.583 |
142.564 |
108.142 |
|
Debt/Equity ratio |
0.690 |
0.839 |
0.581 |
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 |
717.075 |
729.000 |
794.027 |
|
|
|
1.663 |
8.920 |
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 |
717.075 |
729.000 |
794.027 |
|
Profit |
13.293 |
17.805 |
38.051 |
|
|
1.85% |
2.44% |
4.79% |
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 |
No |
|
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 |
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 |
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 |
WORKING OF THE
COMPANY
Subject is engaged in the business of manufacturing of innovative
packaging solutions to meet the requirements of various Industries Metals,
Automotive Engineering, Electricals, Electronics, Defense, Pharma, Food,
Textile etc. the company is equipped with complete in-house R&D and has
sound production base with ISO and other relevant certifications.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Compulsory Fully convertible debentures |
12.485 |
4.500 |
|
Sales tax deferment |
1.960 |
2.881 |
|
Loans and advances from directors |
0.000 |
4.000 |
|
|
|
|
|
Loans and advances from shareholders |
22.860 |
24.360 |
|
Less: amount disclosed under the head “Other Current Liabilities” |
1.995 |
11.953 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
4.531 |
16.053 |
|
|
|
|
|
Total |
39.841 |
39.841 |
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C20126405 |
10508392 |
HDFC BANK LIMITED |
30/03/2014 |
31/07/2014 |
- |
165000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL W MUMBAI MH 400013 IN |
|
2 |
C09982869 |
90089892 |
State Bank of India |
29/10/1993 |
22/02/1994 |
07/07/2014 |
1200000.0 |
TILAK ROAD BRANCH PUNE MHIN |
|
3 |
C09950825 |
90090777 |
State Bank of India |
24/09/1998 |
25/01/2005 |
07/07/2014 |
1200000.0 |
TILAK ROAD BRANCH, PUNE MHIN |
|
4 |
C09961699 |
80005689 |
State Bank of India |
24/09/1998 |
09/06/2006 |
07/07/2014 |
4500000.0 |
COMMERCIAL BRANCH, TILAK ROAD, PUNE MH400030 IN |
|
5 |
C09979055 |
90084906 |
State Bank of India |
24/09/1998 |
30/05/2006 |
07/07/2014 |
1200000.0 |
COMMERCIAL BRANCH, TILAK ROAD, PUNE MH400030 IN |
|
6 |
C09964172 |
90084023 |
State Bank of India |
29/10/1993 |
- |
07/07/2014 |
2500000.0 |
TILAK ROAD BRANCH, PUNE MH IN |
|
7 |
C09962903 |
10111741 |
State Bank of India |
22/05/2008 |
29/04/2011 |
07/07/2014 |
255600000.0 |
1548A,Commercial Branch, Sadashiv Peth, Tilak Road, Pune MH 411030 IN |
FIXED ASSETS
- Freehold land
- Buildings
- Plant and
equipment
- Furniture and
fixture
- Vehicles
- Office
equipment
- Computer
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 64.15 |
|
|
1 |
INR 89.50 |
|
Euro |
1 |
INR 79.43 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
JYO |
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.