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MIRA INFORM REPORT
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Report No. : |
491621 |
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Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
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Name : |
AISHWARYA PLAST EXPORTS PRIVATE LIMITED [w.e.f. 18.12.2001] |
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Formerly Known
As : |
AISHWARYA LEASING AND FINANCE PRIVATE LIMITED |
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Registered
Office : |
C-206, Ghatkopar Industrial Estate, L.B.S. Marg, Near Anacin Company,
Ghatkopar (West), Mumbai – 400086, Maharashtra |
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Tel. No.: |
91-22-25007155/ 40827155 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
02.01.1996 |
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Com. Reg. No.: |
11-095827 |
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Capital
Investment / Paid-up Capital : |
INR 19.000 Million |
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CIN No.: [Company Identification
No.] |
U65910MH1996PTC095827 |
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IEC No.: |
0301063877 |
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GST No.: |
Not Divulged |
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TIN No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCA8815C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Trading of Plastic bags, reprocessed Granules made out of Primary Waste/ Secondary Waste. [Registered Activity] |
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No. of Employees
: |
Not Divulged |
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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Maximum Credit Limit : |
USD 140700 |
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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 1996. It is engaged in manufacturing of plastic products.
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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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long Term Borrowing= BB |
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Rating Explanation |
Moderate risk of default. |
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Date |
26.04.2017 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Borrowing= A4 |
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Rating Explanation |
Moderate degree of safety and very high
credit risk |
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Date |
26.04.2017 |
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 13.02.2018.
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-22-25007155]
[91-265-2830862 is continuously ringing]
LOCATIONS
|
Registered/ Corporate Office : |
C-206, Ghatkopar Industrial Estate, L.B.S. Marg, Near Anacin Company, Ghatkopar
(West), Mumbai – 400086, Maharashtra, India |
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Tel. No.: |
91-22-25007155/ 40827155 |
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Fax No.: |
91-22-25007166 |
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E-Mail : |
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Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Vijayachandran Govindan Menon |
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Designation : |
Director |
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Address : |
303/9, Shubharambh Towerts,, Manpada, Thane - 400607, Maharashtra, India |
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Date of Birth/Age : |
27.04.1970 |
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Qualification : |
B.Sc. |
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Date of Appointment : |
10.05.2014 |
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DIN No.: |
00347937 |
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Other Directorship :
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Name : |
Mr. Joseph John Parakkott |
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Designation : |
Director |
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Address : |
1303/1304, C-Wing, Lake Florence, Lake Home, Phase -1 Off. Adi Shandara Charyamarg, Mumbai - 400076, Maharashtra, India |
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Date of Birth/Age : |
21.03.1970 |
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Qualification : |
B.E.(CHEMICAL) |
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Date of Appointment : |
28.06.2003 |
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PAN No.: |
AGSPP9092M |
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DIN No.: |
01032342 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Parakkott Investments India Private Limited |
921000 |
48.47 |
|
Madhani Investment and Finance (Private) Limited |
58650 |
3.09 |
|
Rosamma Parakkot |
100 |
0.01 |
|
Joseph Parakkot |
920070 |
48.42 |
|
Sunita Jain |
60 |
0.00 |
|
Hemant Jain |
60 |
0.00 |
|
P. Govindran |
20 |
0.00 |
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Chandrashekhar Joshi |
20 |
0.00 |
|
Bhagwati M. Patel |
20 |
0.00 |
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|
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Total |
1900000 |
100.00 |
AS ON: 25.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
48.42 |
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Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
0.01 |
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Public/Other than promoters - Body Corporate |
51.57 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Trading of Plastic bags, reprocessed Granules made out of Primary Waste/ Secondary Waste. [Registered Activity] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
Not Divulged |
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Bankers : |
· The Saraswat Co-Operative Bank Limited Prabhat Bhavan, Block B, 1st Floor, 96, L.B.S. Marg, Opp. Cipla, Vikhroli (West), Mumbai - 400083, Maharashtra, India · The Saraswat Co-Operative Bank Limited Ghatkopar
(West) Branch, Bhaveshwar Arcade,Ground, Floor, Opp. Shreyas Cinema, L.B.S.
Road, Ghatkopar (W), Mumbai - 400086, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
R. Devarajan and Company Chartered Accountants |
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Address : |
601-603, Anurag Business Centre, Near Amar Theatre, Chembur, Mumbai-400071, Maharashtra, India |
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E-Mail : |
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PAN No.: |
AAEFR0229A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
Parakkott Investments India Private Limited, India [U67190MH2008PTC179535] |
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Associate Companies
: |
· J.J. Polyplast Private Limited, India [U25200MH1997PTC111395] · J.J. Poly Implex Private Limited · San Polyplast Exim Private Limited, India [U25209MH2013PTC242227] |
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Subsidiary Company
: |
AAA Poly Arabia FZC |
CAPITAL STRUCTURE
AFTER: 25.09.2017
Authorised Capital : INR
79.000 Million
Issued, Subscribed & Paid-up Capital : INR 19.000 Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1900000 |
Equity Shares |
INR 10/- each |
INR 19.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1900000 |
Equity Shares |
INR 10/- each |
INR 19.000 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.000 |
19.000 |
19.000 |
|
(b) Reserves and Surplus |
30.273 |
3.849 |
0.168 |
|
(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) |
49.273 |
22.849 |
19.168 |
|
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
33.209 |
120.419 |
98.238 |
|
(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) |
33.209 |
120.419 |
98.238 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
100.024 |
100.742 |
113.991 |
|
(b) Trade
payables |
426.789 |
235.360 |
40.404 |
|
(c) Other
current liabilities |
21.258 |
109.016 |
57.204 |
|
(d) Short-term
provisions |
0.365 |
0.819 |
2.912 |
|
Total Current
Liabilities (4) |
548.436 |
445.937 |
214.511 |
|
|
|
|
|
|
TOTAL |
630.918 |
589.205 |
331.917 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
73.506 |
78.860 |
67.449 |
|
(ii)
Intangible Assets |
0.031 |
0.031 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
15.169 |
5.020 |
4.025 |
|
(c) Deferred tax assets (net) |
2.786 |
0.335 |
0.061 |
|
(d)
Long-term loans and advances |
5.189 |
5.208 |
4.590 |
|
(e) Other Non-current
assets |
1.936 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
98.617 |
89.454 |
76.125 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
309.566 |
223.636 |
83.838 |
|
(c) Trade receivables |
96.773 |
165.415 |
70.745 |
|
(d) Cash and
bank balances |
55.691 |
54.138 |
50.969 |
|
(e)
Short-term loans and advances |
70.271 |
56.562 |
50.240 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
532.301 |
499.751 |
255.792 |
|
|
|
|
|
|
TOTAL |
630.918 |
589.205 |
331.917 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1160.113 |
908.419 |
696.300 |
|
|
Other Income |
2.917 |
0.436 |
0.520 |
|
|
TOTAL |
1163.030 |
908.855 |
696.820 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
676.513 |
350.398 |
305.394 |
|
|
Purchases of
Stock-in-Trade |
300.209 |
482.659 |
340.733 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(10.648) |
(15.714) |
(38.231) |
|
|
Employee benefit expense |
13.497 |
10.023 |
5.715 |
|
|
Other expenses |
119.881 |
48.791 |
51.086 |
|
|
Exceptional items |
0.369 |
0.000 |
0.000 |
|
|
TOTAL |
1099.821 |
876.157 |
664.697 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
63.209 |
32.698 |
32.123 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
24.499 |
17.261 |
17.103 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
38.710 |
15.437 |
15.020 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.687 |
9.998 |
9.069 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
24.023 |
5.439 |
5.951 |
|
|
|
|
|
|
|
Less |
TAX |
(2.401) |
1.758 |
2.320 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
26.424 |
3.681 |
3.631 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
747.822 |
512.129 |
162.287 |
|
|
TOTAL EARNINGS |
747.822 |
512.129 |
162.287 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
377.504 |
463.409 |
376.788 |
|
|
TOTAL IMPORTS |
377.504 |
463.409 |
376.788 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
13.91 |
1.94 |
1.91 |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
132.092 |
34.805 |
(98.336) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
132.042 |
32.773 |
(71.646) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
30.45 |
66.46 |
37.08 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
11.99 |
5.49 |
9.84 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
159.49 |
103.12 |
22.82 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.20 |
0.15 |
0.38 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.86 |
0.41 |
0.48 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.92 |
0.96 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.70 |
9.68 |
11.07 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
11.13 |
19.52 |
11.19 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.49 |
3.45 |
3.52 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.58 |
1.89 |
1.88 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.28 |
0.41 |
0.52 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.19 |
0.62 |
1.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
53.63 |
16.11 |
18.94 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.97 |
1.12 |
1.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.41 |
0.62 |
0.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.08 |
0.04 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.01 |
11.64 |
11.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.97 |
1.12 |
1.19 |
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 |
19.000 |
19.000 |
19.000 |
|
Reserves & Surplus |
0.168 |
3.849 |
30.273 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
19.168 |
22.849 |
49.273 |
|
|
|
|
|
|
long-term borrowings |
98.238 |
120.419 |
33.209 |
|
Short term borrowings |
113.991 |
100.742 |
100.024 |
|
Total
borrowings |
212.229 |
221.161 |
133.233 |
|
Debt/Equity
ratio |
11.072 |
9.679 |
2.704 |
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 |
696.300 |
908.419 |
1160.113 |
|
|
|
30.464 |
27.707 |
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 |
696.300 |
908.419 |
1160.113 |
|
Profit |
3.631 |
3.681 |
26.424 |
|
|
0.52% |
0.41% |
2.28% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
19.000 |
19.000 |
|
(b) Reserves and Surplus |
|
46.904 |
4.293 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
25.846 |
0.005 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
65.904 |
23.293 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
33.209 |
126.029 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
33.209 |
126.029 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
117.474 |
101.224 |
|
(b) Trade payables |
|
447.680 |
247.390 |
|
(c) Other
current liabilities |
|
28.574 |
109.254 |
|
(d) Short-term
provisions |
|
0.364 |
1.333 |
|
Total Current
Liabilities (4) |
|
594.092 |
459.201 |
|
|
|
|
|
|
TOTAL |
|
719.051 |
608.528 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
89.176 |
98.261 |
|
(ii)
Intangible Assets |
|
0.031 |
0.031 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
|
2.987 |
0.405 |
|
(d)
Long-term loans and advances |
|
5.331 |
5.208 |
|
(e) Other
Non-current assets |
|
1.435 |
0.000 |
|
Total Non-Current
Assets |
|
98.985 |
103.930 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
314.173 |
223.636 |
|
(c) Trade
receivables |
|
174.780 |
178.931 |
|
(d) Cash and
bank balances |
|
68.932 |
55.845 |
|
(e)
Short-term loans and advances |
|
62.181 |
46.186 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
620.066 |
504.598 |
|
|
|
|
|
|
TOTAL |
|
719.051 |
608.528 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1384.021 |
868.775 |
|
|
Other Income |
|
2.917 |
0.436 |
|
|
TOTAL |
|
1386.938 |
869.211 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
676.513 |
278.751 |
|
|
Purchases of
Stock-in-Trade |
|
519.746 |
482.659 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(15.256) |
(15.714) |
|
|
Employee benefit expense |
|
13.726 |
10.131 |
|
|
Other expenses |
|
120.230 |
75.051 |
|
|
Exceptional items |
|
0.369 |
0.369 |
|
|
TOTAL |
|
1315.328 |
831.247 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
71.610 |
37.964 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
24.858 |
18.107 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
46.752 |
19.857 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
18.419 |
13.536 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
28.333 |
6.321 |
|
|
|
|
|
|
|
Less |
TAX |
|
(2.531) |
2.196 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
30.864 |
4.125 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
16.24 |
1.72 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G45291911 |
100101293 |
The Saraswat Co-operative Bank Ltd. |
17/05/2017 |
- |
- |
8113000.0 |
Small and Medium Enterprises Branch,Prabhat Bhavan,Block B, 96 LBS Marg, Vikhroli (W),MumbaiMH400083IN |
|
2 |
G05761531 |
100033295 |
The Saraswat Co-op. Bank Limited |
08/06/2016 |
- |
- |
10000000.0 |
SME Vikhroli(W) Branch, Prabhat Bhavan, Block 'B1st floor, Opp. Cipla,L.B.S. Marg,Vikhroli(W),MumbaiMH400083.IN |
|
3 |
G05638960 |
100032790 |
The Saraswat Co-op. Bank Limited |
27/05/2016 |
- |
- |
5900000.0 |
SME Vikhroli(W) Branch, Prabhat Bhavan, Block 'B1st floor, Opp. Cipla,L.B.S. Marg,Vikhroli(W),MumbaiMH400083.IN |
|
4 |
G61639456 |
100019447 |
The Saraswat Co-operative Bank Ltd. |
15/03/2016 |
30/10/2017 |
- |
60000000.0 |
Small and Medium Enterprises Branch,Prabhat Bhavan,Block B, 96 LBS Marg, Vikhroli (W),MUMBAIMH400083IN |
|
5 |
C00358192 |
10484509 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
25/02/2014 |
- |
- |
17500000.0 |
Prabhat Bhavan, Block B, 1st Floor, 96,L.B.S. Marg, Opp. Cipla, Vikhroli (W),MumbaiMH400083IN |
|
6 |
B89644694 |
10460458 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
01/11/2013 |
- |
- |
585000.0 |
RASEC DEPT, 303, Ishan Arcade3rd Floor, Opp Gaondevi Temple, Naupada,ThaneMH400602IN |
|
7 |
B00165605 |
10257184 |
The Saraswat Co-operative Bank Limited |
09/10/2010 |
- |
- |
678000.0 |
SME Branch, 1st FloorPrabhat Bhavan, Opp. CIPLA, Vikroli(W)MumbaiMH400083IN |
|
8 |
G07706393 |
10136774 |
The Saraswat Co-operative Bank Ltd. |
17/12/2008 |
12/07/2016 |
- |
167500000.0 |
Small and Medium Enterprises Branch,Prabhat Bhavan,Block B, 96 LBS Marg, Vikhroli (W),MumbaiMH400083IN |
|
9 |
C36643831 |
10136772 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
15/12/2008 |
17/11/2014 |
- |
113750000.0 |
Prabhat Bhavan, Block B, 1st Floor, 96,L.B.S. Marg, Opp. Cipla, Vikhroli (W).MumbaiMH400083IN |
|
10 |
G07705916 |
10136775 |
The Saraswat Co-operative Bank Limited |
15/12/2008 |
11/02/2013 |
12/07/2016 |
34975000.0 |
PRABHAT BHAVAN, BLOCK B, 1ST FLOOR, 96L.B.S. MARG, OPP. CIPLA, VIKHROLI (WEST)MUMBAIMH400083IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from others |
4.089 |
83.442 |
|
|
|
|
|
Total |
4.089 |
83.442 |
FINANCIAL HIGHLIGHTS
During the year 2016-17 the income of the Company stood at INR 1160.113 Million as against INR 908.419 Million achieved during the previous year. The Profit after Tax for the year 2016-17 was INR 26.424 Million as against a INR 3.681 Million achieved during the corresponding period of last year.
The Directors are hopeful of similar land of performance in the current year too.
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, India Prisons Service,
Interpol, etc.
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 64.28 |
|
UK Pound |
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
IND |
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.