|
|
|
MIRA INFORM REPORT
|
Report No. : |
490662 |
|
Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
VIKRAM INDIA LIMITED |
|
|
|
|
Formerly Known
As : |
VIKRAM FORGINGS AND ALLIED INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1 Old Court House Corner, Kolkata -700001, West Bengal |
|
Tel. No.: |
91-33-22309072 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
01.01.1980 |
|
|
|
|
Com. Reg. No.: |
21-032447 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 68.700 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29253WB1980PLC032447 |
|
|
|
|
IEC No.: |
0288013638 |
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|
|
|
GSTIN/UIN: |
19AABCV7862P1ZE |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCV7862P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of manufacturing
and sale of complete range of processing machineries, tools, spare parts and
accessories thereof of tea, rice, coconut and other plantation products and
is also involved in trading activities. (Registered activity and also
confirmed by management) |
|
|
|
|
No. of Employees
: |
85 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1980 having satisfactory track record. It is engaged as The company is engaged in the business of manufacturing and sale of complete range of processing machineries, tools, spare parts and accessories thereof of tea, rice, coconut and other plantation products and is also involved in trading activities. For the financial year 2017, the company has achieved decent growth of 12.45% as compared to its previous year along with average profit margin of 1.38% during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and low gearing position. Rating continue to derive strength from its long and established track record of its business operations backed by its well experienced management team. However, these strengths are partially offset by working capital-intensive operations, susceptibility to demand from end user industries. Payments 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.
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 |
CRISIL |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
27.06.2017 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
27.06.2017 |
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 09.02.2018
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
|
Name : |
Mr. Manoj Singhania |
|
Designation : |
General Manager in Accounting and Finance |
|
Contact No.: |
91-33-22309072 |
|
Date : |
06.02.2018 |
LOCATIONS
|
Registered Office : |
1 Old Court House Corner, Kolkata -700001, West Bengal, India |
|
Tel. No.: |
91-33-22309072 |
|
Mobile No.: |
91-9830037626/22307299 (Mr. Subir) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Village Jaladhulaguri, N.D.T. Complex, New Karala, P.O.
Dhulaguri P.S. Sankarail, District Howrah -711302, West Bengal, India |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
122/94, J.N. Mukherjee Road, Ghusuri, Dist. Howrah - 711 107 |
|
Tel. No.: |
91-33-26555685 |
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Fax No.: |
91-33-26551418 |
|
|
|
|
Regional Offices : |
Located at: · Siliguri · Tinsukia · Coonoor |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Gyanesh Chaudhary |
||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
6b, Shree Ram Garden 15, Belvedre Road Kolkata 700027, West Bengal,
India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.12.1977 |
||||||||||||||||||||||||||||||
|
Qualification : |
Business Graduate |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.08.1999 |
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|
PAN No.: |
ACRPC8772A |
||||||||||||||||||||||||||||||
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DIN No.: |
00060387 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Anil Harikishan Chaudhary |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
268/270, Gidc Pandesara, Surat-394210, Gujarat, India |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.09.1995 |
||||||||||||||||||||||||||||||
|
DIN No.: |
00897159 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Hari Krishna Chaudhary |
||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||
|
Address : |
Shree Ram Garden 15, Belvedre Road, Kolkata-700027, West
Bengal, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.12.1943 |
||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.1980 |
||||||||||||||||||||||||||||||
|
PAN No.: |
ACMPC5346H |
||||||||||||||||||||||||||||||
|
DIN No.: |
01744503 |
||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Ulpi Gupta |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
Diamond City North Block-9 Flat-3b,68 Jessore Road., Kolkata-700055, West Bengal, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.03.1979 |
||||||||||||||||||||||||||||||
|
Qualification : |
Chartered Accountant |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||
|
PAN No.: |
AAAPG8116K |
||||||||||||||||||||||||||||||
|
DIN No.: |
06591591 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Raj Kumar Tripathi |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
2-C, Golden Avenue, B/H Sarjan Society Opposite, Navkar
Navpad, City Light Road, Surat – 395007, Gujarat, India |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.09.2017 |
||||||||||||||||||||||||||||||
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DIN No.: |
02782475 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Pradip Kumar Agarwal |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
South City Gardens Flat-7k, Tower-2 61 B.L Saha Road, Nshm
College New, Alipo Re, Kolkata – 700053, West Bengal, India |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.10.2017 |
||||||||||||||||||||||||||||||
|
DIN No.: |
07959939 |
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KEY EXECUTIVES
|
Name : |
Mr. Vinita Agarwal |
|
Designation : |
Company Secretary |
|
Address : |
46, Aligol Mahal, Sadar Bazar 24 Parganas(N), Barrackpore,
Kolkata – 700120, Wst Bengal, India |
|
Date of Appointment : |
01.03.2017 |
|
PAN No.: |
AVGPA7984A |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Hari Krishna Chaudhary |
|
34517 |
|
Urmila Devi Chaudhary |
|
49390 |
|
Anil Chaudhary |
|
2172 |
|
Nilam Chaudhary |
|
46850 |
|
Gyanesh Chaudhary |
|
42108 |
|
Meenakh Chaudhary |
|
48942 |
|
Hari Krishna Chaudhary and Sons HUF |
|
84034 |
|
Anil Chaudhary and Sons HUF |
|
35818 |
|
Vikram Capital Management Limited |
|
41332 |
|
Swaraj Vikram Chaudhary |
|
49200 |
|
Saumyaa |
|
39833 |
|
Agastya Vikram Chaudhary |
|
12100 |
|
Yashvi Chaudhary |
|
8700 |
|
Monolink Trexim Private Limited |
|
67000 |
|
Panchants Merchants Private Limited |
|
125000 |
|
Total |
|
686996 |
Equity Share Break up (Percentage of Total Equity)
AS ON 22.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
66.04 |
|
Promoters- Body corporate |
33.96 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturing
and sale of complete range of processing machineries, tools, spare parts and accessories
thereof of tea, rice, coconut and other plantation products and is also
involved in trading activities. (Registered activity and also confirmed by
management) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|||||
|
Products : |
Tea Making Machinery |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
|||||
|
Selling : |
L/C, Cheque and Credit (30/60/90 Days) |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cheque and Credit (30/60/90 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
· Gupta Electrical Company
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users, OEM’s, Manufacturer · McLeod Russel, India · Tata Tea group · Amalgamated Plantations, India · Unilever Group, Worldwide · Goodricke Group, India ·
Duncan Brothers, Bangladesh
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
85 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Rustagi and Company Chartered Accountants |
|
Address : |
19 R. N. Mukherjee Eastern Building, 1st Floor, Kolkata-700001, West Bengal, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAUFS1566M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned have significant influence of or are partners with Key management
personnel and their relatives: |
· Excel Tea Machinery Private Limited – [U27310WB1990PTC048841] · Vikram Solar Limited – [U18100WB2005PLC106448] |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
INR 100/- each |
INR 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
686996 |
Equity Shares |
INR 100/- each |
INR 68.700 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
68.700 |
56.200 |
56.200 |
|
(b) Reserves and Surplus |
221.175 |
168.922 |
142.504 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
289.875 |
225.122 |
198.704 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
443.963 |
404.407 |
360.530 |
|
(b) Deferred tax liabilities (Net) |
12.186 |
10.173 |
7.633 |
|
(c) Other long-term
liabilities |
3.257 |
1.297 |
0.958 |
|
(d) long-term
provisions |
15.778 |
13.487 |
11.034 |
|
Total Non-current
Liabilities (3) |
475.184 |
429.364 |
380.155 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
188.118 |
193.416 |
192.836 |
|
(b) Trade
payables |
333.503 |
142.295 |
159.903 |
|
(c) Other
current liabilities |
54.489 |
62.364 |
72.996 |
|
(d) Short-term
provisions |
0.312 |
1.562 |
3.834 |
|
Total Current
Liabilities (4) |
576.422 |
399.637 |
429.569 |
|
|
|
|
|
|
TOTAL |
1341.481 |
1054.123 |
1008.428 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
384.394 |
331.797 |
323.867 |
|
(ii)
Intangible Assets |
2.674 |
3.287 |
3.184 |
|
(iii) Tangible assets
capital work-in-progress |
33.310 |
19.129 |
13.817 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10.059 |
10.059 |
12.593 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
17.092 |
12.463 |
9.561 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
447.529 |
376.735 |
363.022 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
509.835 |
413.281 |
361.982 |
|
(c) Trade
receivables |
248.940 |
204.519 |
174.835 |
|
(d) Cash and
bank balances |
59.001 |
17.892 |
45.752 |
|
(e)
Short-term loans and advances |
63.901 |
36.049 |
51.865 |
|
(f) Other
current assets |
12.275 |
5.647 |
10.972 |
|
Total
Current Assets |
893.952 |
677.388 |
645.406 |
|
|
|
|
|
|
TOTAL |
1341.481 |
1054.123 |
1008.428 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1069.237 |
841.643 |
847.795 |
|
|
Other Income |
0.919 |
27.625 |
3.350 |
|
|
TOTAL |
1070.156 |
869.268 |
851.145 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
782.451 |
596.287 |
580.056 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(76.204) |
(48.681) |
(22.639) |
|
|
Employee benefit expense |
88.885 |
78.752 |
71.566 |
|
|
Other expenses |
187.735 |
147.494 |
135.244 |
|
|
TOTAL |
982.867 |
773.852 |
764.227 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
87.289 |
95.416 |
86.918 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
51.456 |
51.318 |
55.933 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
35.833 |
44.098 |
30.985 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
16.320 |
14.425 |
15.177 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
19.513 |
29.673 |
15.808 |
|
|
|
|
|
|
|
Less |
TAX |
4.761 |
3.255 |
4.340 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
14.752 |
26.418 |
11.468 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
322.688 |
172.105 |
231.637 |
|
|
Other
Earning |
0.000 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
322.688 |
172.105 |
231.637 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.970 |
1.140 |
0.000 |
|
|
TOTAL IMPORTS |
0.970 |
1.140 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
21.47 |
47.00 |
20.40 |
Expected Sales (2017-2018): INR 1400.000 Million
The above information has been parted by Mr. Manoj Singhania (General
Manager in Accounting and Finance)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
19.088 |
33.709 |
34.090 |
|
Cash generated from operations |
111.977 |
(11.878) |
62.357 |
|
Net cash flows from (used in) operations |
104.779 |
(18.199) |
59.104 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
84.98 |
88.69 |
75.27 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.30 |
4.12 |
4.85 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
155.57 |
87.10 |
100.62 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.17 |
0.23 |
0.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.21 |
0.27 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.77 |
0.79 |
0.82 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.25 |
2.81 |
2.96 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.99 |
1.78 |
2.16 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.45 |
1.57 |
1.72 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.70 |
1.86 |
1.55 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.38 |
3.14 |
1.35 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.10 |
2.51 |
1.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.09 |
11.73 |
5.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.55 |
1.70 |
1.50 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.67 |
0.66 |
0.66 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.22 |
0.21 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.48 |
11.24 |
10.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.55 |
1.70 |
1.50 |
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 |
56.200 |
56.200 |
68.700 |
|
Reserves & Surplus |
142.504 |
168.922 |
221.175 |
|
Net
worth |
198.704 |
225.122 |
289.875 |
|
|
|
|
|
|
Long-term borrowings |
360.530 |
404.407 |
443.963 |
|
Short term borrowings |
192.836 |
193.416 |
188.118 |
|
Current maturities of
long-term debts |
34.090 |
33.709 |
19.088 |
|
Total
borrowings |
587.456 |
631.532 |
651.169 |
|
Debt/Equity
ratio |
2.956 |
2.805 |
2.246 |
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 |
847.795 |
841.643 |
1069.237 |
|
|
0.000 |
(0.726) |
27.042 |
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 |
847.795 |
841.643 |
1069.237 |
|
Profit/ (Loss) |
11.468 |
26.418 |
14.752 |
|
|
1.35
% |
3.14
% |
1.38
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
No |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION
The company having corporate and registered office at Kolkata is engaged in the business of manufacturing and sale of complete range of processing machineries, tools, spare parts and accessories thereof of tea, rice, coconut and other plantation products and is also involved in trading activities. The company has got three manufacturing facilities in Howrah near Kolkata
PERFORMANCE:
The Board of Director presented the accounts of the Company and discussed the activities carried on by the Company during the year. The Company’s total revenue during the financial year ending 31st March, 2017 increased by 23.01% i.e. from INR1070.200 Million as compared to INR 869.300 Million in the previous year. The Company has set up a new manufacturing unit of Module Mounting Structure with an installed capacity of 27000MT per annum and started commercial production since November 2016. The Company has achieved INR 185.900 Million turnover from MMS division in previous year. This was mainly on account of improvement in marketing and research development activities undertaken by the Company during the year.
STATE OF COMPANY’S
AFFAIRS:
The present state of the Company’s affairs is progressive enough viz-a-viz the industry and there is no other development which could result in an adverse situation for the Company in the near future. There is neither any change in the nature of business of the company.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and
advances from related parties |
421.970 |
363.592 |
|
Total |
421.970 |
363.592 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C62419098 |
10587636 |
CANARA BANK |
22/07/2015 |
- |
- |
920000.0 |
PRINCEP STREET BRANCH,5, CHOWRINGHEE APPROACH ROAD, DHARMATALA POSTKOLKATAWB700072IN |
|
2 |
C20367587 |
10519650 |
STATE BANK OF INDIA |
16/07/2014 |
- |
- |
233500000.0 |
COMMERCIAL BRANCH, KOLKATA24, PARK STREETKOLKATAWB700016IN |
|
3 |
B75644427 |
10427194 |
CANARA BANK |
26/03/2013 |
- |
- |
62187303.0 |
PRINCEP STREET BRANCHNO.5 CHOWRINGHEE APPROACH ROADKOLKATAWB700072IN |
|
4 |
A33842493 |
10092703 |
CANARA BANK |
10/01/2008 |
- |
- |
80000000.0 |
PRINCEP STREET BRANCH25 PRINCEP STEETKOLKATAWB700072IN |
|
5 |
G75467621 |
10052540 |
CANARA BANK |
23/03/2007 |
27/11/2017 |
- |
539000000.0 |
PRINCEP STREET BRANCH5, CHOWRINGHEE APROACH ROADKOLKATAWB711302IN |
|
6 |
G50512557 |
10437855 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
08/06/2013 |
- |
05/08/2017 |
50000000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
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 64.16 |
|
|
1 |
INR 89.19 |
|
Euro |
1 |
INR 78.74 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUV |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKTS |
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.