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MIRA INFORM REPORT
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Report No. : |
491389 |
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Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ANGEL BROKING PRIVATE LIMITED (w.e.f. 16.05.2012) |
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|
|
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Formerly Known
As : |
ANGEL GLOBAL CAPITAL PRIVATE LIMITED (w.e.f. 22.01.2009) ANGEL INFIN PRIVATE LIMITED
(w.e.f. 31.03.2005) M.BNL.SECURITIES PRIVATE LIMITED |
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Registered
Office : |
G-1, Ground Floor Akruti Trade Centre, Road No-7, MIDC
Andheri (East), |
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Tel. No.: |
91-22-40003600 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
08.08.1996 |
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Com. Reg. No.: |
11-101709 |
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Capital
Investment / Paid-up Capital : |
INR 143.642 Million |
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CIN No.: [Company Identification
No.] |
U67120MH1996PTC101709 |
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IEC 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.] |
AAACM6094R |
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GSTIN/UIN : |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is principally engaged in the business of
equity broking and related activities. (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+ |
Low Risk |
Business dealings permissible with low
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 was incorporated in the year 1996. It is engaged in equity broking
at NSE and BSE, commodity broking, currency futures (NSE and MCX, portfolio
management services and distribution of third party products like life
insurance, mutual funds and personal loans). As per the financial record of 2017, the company has achieved a
satisfactory growth of 24.80% in its revenue as compared to the previous
year’s revenue and has reported an average profitability margin of 4.56%. The company possesses strong financial profile marked by sound
networth base along with adequate liquidity position and acceptable debt
level. Trade relations are fair. Business is active. Payment seems to be
regular and as per commitments. In view aforesaid, the company can be considered for business dealings
at usual trade terms and condition. |
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 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 DENIED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-40003600)
LOCATIONS
|
Registered Office : |
G-1, Ground Floor Akruti Trade Centre, Road No-7, MIDC
Andheri (East), |
|
Tel. No.: |
91-22-40003600 / 30940000 / 39413940/39357600 |
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Fax No.: |
91-22-39357699 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Dinesh D Thakkar |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 1401, 14th Floor, A - Wing, Building No. 2, Raheja Classique,
Oshiwara, New Link Road, Andheri (West), Mumbai - 400061, Maharashtra, India |
|
Date of Birth/Age : |
02.02.1962 |
|
Date of Appointment : |
23.10.2007 |
|
PAN No.: |
ACVPT9211B |
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DIN No.: |
00004382 |
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|
|
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Name : |
Mr. Lalit Thakkar Tarachand |
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Designation : |
Director |
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Address : |
1601/B Vikas Paradise Building, LBS Marg, Mulund (West), Mumbai -
400080, Maharashtra, India |
|
Date of Birth/Age : |
26.10.1969 |
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Date of Appointment : |
03.08.2010 |
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PAN No.: |
AAAPO1650Q |
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DIN No.: |
00004820 |
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|
|
|
Name : |
Mr. Vinay Agrawal |
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Designation : |
Director |
|
Address : |
F-1701, Whispering Palms, Exclusive, Lokhandwala Township, Akurli Road,
Kandivali (East), Mumbai - 400101, Maharashtra, India |
|
Date of Birth/Age : |
26.03.1977 |
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Date of Appointment : |
23.10.2007 |
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PAN No.: |
ADNPA1736F |
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DIN No.: |
01773822 |
KEY EXECUTIVES
|
Name : |
Mr. Vineet Agrawal |
|
Designation : |
Chief Finance Officer |
|
Address : |
320, Shree Stambh Apartment, Ambamata Scheme, Girwa-Udaipur, Udaipur-
313001, Rajasthan, India |
|
Date of Appointment : |
22.09.2015 |
|
PAN No.: |
ACNPA0652M |
|
|
|
|
Name : |
Mr. Vinay Agrawal |
|
Designation : |
Chief Executive Officer |
|
Address : |
F-1701, Whispering Palms, Exclusive, Lokhandwala Township, Akurli
Road, Kandivali (East), Mumbai - 400101, Maharashtra, India |
|
Date of Appointment : |
23.10.2007 |
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PAN No.: |
ADNPA1736F |
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|
|
|
Name : |
Naheed Rehan Patel |
|
Designation : |
Company Secretary |
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Address : |
B-503, Shilpoo Coporate Housing Society, Shree Niwas, Bagarka Marg, J. B Nagar, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Date of Appointment : |
01.09.2016 |
|
PAN No.: |
BKYPS8985F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 11.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
46.89 |
|
Promoters (Body corporate) |
26.45 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
26.66 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The company is principally engaged in the business of
equity broking and related activities. (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 : |
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 : |
Price Waterhouse and Company Chartered Accountants |
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Address : |
252, Veer Savarkar, Marg, Shivaji Park, Dadar(West), Mumbai, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AADFP9359C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
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Entities in which Key
Management Personnel exercise significant influence : |
Nirwan Monetary Service Private Limited |
CAPITAL STRUCTURE
As on 11.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42000000 |
Equity Shares |
INR 10/- each |
INR 420.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14364175 |
Equity Shares |
INR 10/- each |
INR 143.642
Million |
|
|
|
|
|
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 |
143.642 |
143.642 |
143.642 |
|
(b) Reserves and Surplus |
2981.247 |
2883.085 |
2719.984 |
|
(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) |
3124.889 |
3026.727 |
2863.626 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4.151 |
0.000 |
0.000 |
|
(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 |
30.054 |
20.574 |
16.183 |
|
Total Non-current
Liabilities (3) |
34.205 |
20.574 |
16.183 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
6971.514 |
3046.537 |
1511.113 |
|
(b) Trade
payables |
4431.091 |
2512.551 |
2099.620 |
|
(c) Other
current liabilities |
844.588 |
678.142 |
863.084 |
|
(d) Short-term
provisions |
6.234 |
4.239 |
3.667 |
|
Total Current
Liabilities (4) |
12253.427 |
6241.469 |
4477.484 |
|
|
|
|
|
|
TOTAL |
15412.521 |
9288.770 |
7357.293 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
869.364 |
889.594 |
929.371 |
|
(ii)
Intangible Assets |
76.631 |
37.646 |
31.048 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
12.573 |
8.799 |
|
(iv)
Intangible assets under development |
6.414 |
18.336 |
0.000 |
|
(b) Non-current Investments |
1009.658 |
1009.658 |
1009.658 |
|
(c) Deferred tax assets (net) |
7.466 |
3.685 |
5.776 |
|
(d)
Long-term loans and advances |
118.740 |
115.223 |
397.438 |
|
(e) Other
Non-current assets |
23.200 |
21.153 |
19.438 |
|
Total Non-Current
Assets |
2111.473 |
2107.868 |
2401.528 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.832 |
0.729 |
0.695 |
|
(c) Trade
receivables |
8544.442 |
4375.057 |
2653.973 |
|
(d) Cash and
bank balances |
4538.671 |
2608.345 |
2160.428 |
|
(e)
Short-term loans and advances |
96.975 |
129.286 |
99.686 |
|
(f) Other
current assets |
120.128 |
67.485 |
40.983 |
|
Total
Current Assets |
13301.048 |
7180.902 |
4955.765 |
|
|
|
|
|
|
TOTAL |
15412.521 |
9288.770 |
7357.293 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4541.862 |
3639.253 |
3445.719 |
|
|
Other Income |
172.212 |
173.798 |
198.229 |
|
|
TOTAL |
4714.074 |
3813.051 |
3643.948 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
1184.016 |
961.937 |
768.953 |
|
|
CSR expenditure |
6.620 |
5.140 |
2.550 |
|
|
Other expenses |
2642.118 |
2066.707 |
1995.703 |
|
|
TOTAL |
3832.754 |
3033.784 |
2767.206 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
881.320 |
779.267 |
876.742 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
504.110 |
286.651 |
186.741 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
377.210 |
492.616 |
690.001 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
96.926 |
96.907 |
81.457 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
280.284 |
395.709 |
608.544 |
|
|
|
|
|
|
|
Less |
TAX |
73.294 |
140.874 |
219.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
206.990 |
254.835 |
389.144 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
1212.014 |
1048.913 |
700.517 |
|
|
|
|
|
|
|
Add |
Transferred from Statutory Reserve |
0.000 |
0.000 |
70.595 |
|
|
|
|
|
|
|
Less |
Assets useful life adjustment |
0.000 |
0.000 |
40.005 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
97.676 |
80.439 |
63.202 |
|
|
Dividend |
11.152 |
11.295 |
8.136 |
|
|
Balance
Carried to the B/S |
1310.176 |
1212.014 |
1048.913 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
14.41 |
17.74 |
27.09 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.849 |
0.000 |
250.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(2568.235) |
(1621.779) |
50.064 |
|
Net cash flow from operating activity |
(2652.897) |
(1404.183) |
(117.541) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
686.66 |
438.80 |
281.13 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
0.53 |
0.83 |
1.30 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1059.28 |
1068.95 |
1261.50 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.93 |
0.81 |
0.90 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.80 |
0.67 |
0.64 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.23 |
1.01 |
0.61 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.92 |
2.06 |
1.56 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.30 |
0.32 |
0.34 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.75 |
2.72 |
4.69 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
4.56 |
7.00 |
11.29 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.34 |
2.74 |
5.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.62 |
8.42 |
13.59 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.09 |
1.15 |
1.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.09 |
1.15 |
1.11 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.20 |
0.33 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
48.57 |
21.21 |
12.26 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.09 |
1.15 |
1.11 |
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 |
143.642 |
143.642 |
143.642 |
|
Reserves & Surplus |
2719.984 |
2883.085 |
2981.247 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2863.626 |
3026.727 |
3124.889 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
4.151 |
|
Short term borrowings |
1511.113 |
3046.536 |
6971.514 |
|
Current maturities of
long-term debts |
250.000 |
0.000 |
0.849 |
|
Total
borrowings |
1761.113 |
3046.536 |
6976.514 |
|
Debt/Equity
ratio |
0.615 |
1.007 |
2.233 |
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 |
3445.719 |
3639.253 |
4541.862 |
|
|
|
5.617 |
24.802 |
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 |
3445.719 |
3639.253 |
4541.862 |
|
Profit/ (Loss) |
389.144 |
254.835 |
206.990 |
|
|
11.29
% |
7.00
% |
4.56
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
143.642 |
143.642 |
|
(b) Reserves and Surplus |
|
3750.708 |
3549.393 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
3894.350 |
3693.035 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
77.343 |
87.699 |
|
(b) Deferred tax liabilities (Net) |
|
4.826 |
9.720 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
35.035 |
25.145 |
|
Total Non-current
Liabilities (3) |
|
117.204 |
122.564 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
7624.354 |
3481.858 |
|
(b) Trade
payables |
|
5315.117 |
3233.118 |
|
(c) Other
current liabilities |
|
1064.605 |
846.407 |
|
(d) Short-term
provisions |
|
12.447 |
11.828 |
|
Total Current
Liabilities (4) |
|
14016.523 |
7573.211 |
|
|
|
|
|
|
TOTAL |
|
18028.077 |
11388.810 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1144.153 |
1171.410 |
|
(ii)
Intangible Assets |
|
83.668 |
47.389 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
12.643 |
|
(iv)
Intangible assets under development |
|
6.414 |
18.336 |
|
(b) Non-current Investments |
|
0.002 |
0.002 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
203.997 |
181.410 |
|
(e) Other
Non-current assets |
|
37.575 |
32.413 |
|
Total Non-Current
Assets |
|
1475.809 |
1463.603 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
495.183 |
0.000 |
|
(b)
Inventories |
|
1.817 |
1.505 |
|
(c) Trade
receivables |
|
8581.526 |
4459.266 |
|
(d) Cash and
bank balances |
|
6175.829 |
4376.118 |
|
(e)
Short-term loans and advances |
|
1129.246 |
951.464 |
|
(f) Other
current assets |
|
168.668 |
136.854 |
|
Total
Current Assets |
|
16552.269 |
9925.207 |
|
|
|
|
|
|
TOTAL |
|
18028.077 |
11388.810 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
5377.240 |
4477.360 |
|
|
Other Income |
|
145.880 |
144.902 |
|
|
TOTAL |
|
5523.120 |
4622.262 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Employee benefit expense |
|
1351.411 |
1115.764 |
|
|
CSR expenditure |
|
9.065 |
8.510 |
|
|
Other expenses |
|
3009.046 |
2491.729 |
|
|
TOTAL |
|
4369.522 |
3616.003 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
1153.598 |
1006.259 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
539.302 |
356.625 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
614.296 |
649.634 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
135.225 |
130.146 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
479.071 |
519.488 |
|
|
|
|
|
|
|
Less |
TAX |
|
168.928 |
202.241 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
310.143 |
317.247 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
|
21.59 |
22.09 |
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 |
Yes |
|
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 |
BRIEF DESCRIPTION OF
THE COMPANY'S WORKING DURING THE YEAR
The Company’s gross revenue has increased from INR 3813.051 Million in FY 2015-16 to INR 4714.074 Million in FY 2016-17.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Other loans and advances |
847.775 |
124.282 |
|
|
|
|
|
Total |
847.775 |
124.282 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G46019717 |
100103075 |
IDFC BANK LIMITED |
19/05/2017 |
- |
- |
350000000.0 |
KRM Tower, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai TAMILNADU 600031 INDIA |
|
2 |
G42092619 |
100092854 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
16/03/2017 |
- |
- |
5000000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-IIGURGAON HARYANA 122002 INDIA |
|
3 |
G43912518 |
100097629 |
HDFC BANK LIMITED |
17/02/2017 |
- |
- |
750000000.0 |
HDFC House, Senapati Bapat Marg, Lower Parel West Mumbai MAHARASHTRA 400013 INDIA |
|
4 |
G75105197 |
10616518 |
KOTAK MAHINDRA BANK LIMITED |
18/01/2016 |
07/12/2017 |
- |
2250000000.0 |
27BKC, C 27, G Block Bandra Kurla Complex, Bandra (EAST), Mumbai MAHARASHTRA 400051 INDIA |
|
5 |
G74603051 |
10608194 |
ICICI Bank Limited |
02/12/2015 |
15/01/2018 |
- |
10000000000.0 |
Capital Market Division, Regional Office,A9, Phelps Building, Inner Circle, Connaught Place New Delhi 110001 INDIA |
|
6 |
G72038136 |
10581172 |
YES BANK LIMITED |
16/07/2015 |
08/12/2017 |
- |
750000000.0 |
Nehru Centre, 9th Floor, Discovery of India Dr. A. B. Road, Worli, Mumbai Mumbai MAHARASHTRA 400018 INDIA |
|
7 |
G37791746 |
10581163 |
YES BANK LIMITED |
16/07/2015 |
- |
23/02/2017 |
150000000.0 |
Nehru Centre, 9th Floor, Discovery of India Dr. A. B. Road, Worli, Mumbai Mumbai MAHARASHTRA 400018 INDIA |
|
8 |
G02589554 |
10277082 |
IDBI TRUSTEESHIP SERVICES LIMITED |
31/03/2011 |
- |
25/04/2016 |
1050000000.0 |
Asian Building, Ground Floor, 17, R.Kamani Marg, Ballard Estate, MUMBAI MAHARASHTRA 400001 INDIA |
|
9 |
C78330933 |
10474532 |
Bank of India |
10/01/2014 |
- |
06/02/2016 |
1350000000.0 |
Stock Exchange Branch, Ground Floor, P.J. Towers,(New Stock Exchange Building) Dalal Street, Fort, Mumbai MAHARASHTRA 400001 INDIA |
|
10 |
C78332038 |
10357099 |
Bank of India |
30/03/2012 |
- |
06/02/2016 |
1000000000.0 |
Stock Exchange Branch, Phiroze Jeejeebhoy Tower, New Stock Exchange Building, Mumbai MAHARASHTRA 400023 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees: |
|
|
|
Guarantees given to the bankers for credit facilities availed by the company and its subsidiary |
510.000 |
1143.090 |
|
Others: |
|
|
|
Claims against the company not acknowledged as debts |
77.109 |
29.304 |
|
Disputed income tax demands not provided for [includes INR 0.404 Million (Previous Year: INR 404 Million) paid under protest] |
216.235 |
227.513 |
|
Total |
803.344 |
1399.907 |
|
Note: Above disputed income tax demands does not provided for includes INR 87.932 Million with respect to disallowances on account of deemed dividend relates to Assessment Year 2008-09, considered by ITAT in favour of the Company. However, department filed an appeal before Hon'ble High Court of Bombay and question of law was also admitted by the Court vide order dated November 28, 2016. Also, demand for INR 57.879 Million raised by the department on protective basis for Assessment Year 2010-11 on account of deemed dividend and hence, same is not included in above disputed income tax demands not provided for. Further, it also includes demand of INR 0.404 Million being penalty levied by Assessing officer for A.Y. 2009-10 and further held against company by CIT(A), company filed an appeal before ITAT, Mumbai against the said order. Also, it includes demand of INR 127.899 Million for Assessment Year 2009-10 with respect to speculation loss and deemed dividend. CIT(A) vide order dated March 25, 2014 allowed the appeal and deleted the additions made by AO. However, department had filed an appeal before ITAT, Mumbai. Above disputed income tax demands does not include interest u/s 234B and u/s 234C as the same is not determinable till the final outcome. The management believes that the ultimate outcome of the above proceedings will not have a material adversed effect on the company's financial position and result of operations. |
||
FIXED ASSETS
- 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 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
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.