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|
MIRA INFORM REPORT
|
Report No. : |
491472 |
|
Report Date : |
12.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ORBIT LIFESCIENCE PRIVATE LIMITED |
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|
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|
Registered
Office : |
7th Floor, Mehta Mahal, 15 Mathew Road, Opera House, Mumbai
– 400004, Maharashtra |
|
Tel. No.: |
91-22-23803200 |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
09.05.2003 |
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Com. Reg. No.: |
11-140389 |
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Capital
Investment / Paid-up Capital : |
INR 10.000 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U24230MH2003PTC140389 |
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|
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IEC No.: |
0303057939 |
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GSTIN No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACO6012F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 354700 |
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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 2003. It is a manufacturer of all
types of Pharmaceuticals Products. For the financial year 2017, the company has achieved 47.89% growth in
its revenue as compared to previous year revenue along with average profit margin
of 1.00%. The rating takes into consideration the satisfactory financial profile
of the company marked by adequate networth base and favourable gap between
trade payables and trade receivables along with comfortable debt coverage
indicators. The company has decent earning per share (EPS) of INR 198.51 against
the Face Value (FV) of INR 100. Business is active. 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
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 12.02.2018.
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.
LOCATIONS
|
Registered Office : |
7th Floor, Mehta Mahal, 15 Mathew Road, Opera House, Mumbai
– 400004, Maharashtra, India |
|
Tel. No.: |
91-22-23803200/ 61113201 |
|
Fax No.: |
91-22-23803202 |
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E-Mail : |
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Website : |
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Manufacturing Locations : |
Located at: · Jammu · Baddi · Uttaranchal · Roorkee · Ponta sahib · Surendra Nagar · Vadodara · Ankleshwar · Karad · Vapi · Daman · Hyderabad · Chennai ·
Pondicherry |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Amit Arvind Sheth |
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|
Designation : |
Director |
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|
Address : |
701, Vastu Shilp, Gamadia Colony Lane, Tardeo, Mumbai – 400007,
Maharashtra, India |
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Date of Birth : |
12.01.1979 |
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Qualification : |
B. Com |
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Date of Appointment : |
09.05.2003 |
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PAN No.: |
ABAPS6983K |
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DIN No.: |
00054012 |
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Other Directorship:
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Name : |
Mr. Arvind Bhupatrai Sheth |
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Designation : |
Director |
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|
Address : |
701, Vastu Shilp, Gamadia Colony Lane, Tardeo, Mumbai – 400007,
Maharashtra, India |
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Date of Birth : |
09.05.1950 |
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Qualification : |
B. SC |
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Date of Appointment : |
09.05.2003 |
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PAN No.: |
AAHPS9944A |
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DIN No.: |
00053848 |
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|
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Name : |
Mr. Ashish Arvind Sheth |
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|
Designation : |
Director |
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|
Address : |
701, Vastu Shilp, Gamadia Colony Lane, Tardeo, Mumbai -400007,
Maharashtra, India |
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|
Date of Birth : |
19.06.1981 |
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Qualification : |
B. Com |
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Date of Appointment : |
09.05.2003 |
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PAN No.: |
AMFPS9712A |
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DIN No.: |
00053919 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Arvind Bhupatrai Sheth |
27270 |
27.27 |
|
Amit Arvind Sheth |
22730 |
22.73 |
|
Ashish Arvind Sheth |
22730 |
22.73 |
|
Meena Sheth |
9090 |
9.09 |
|
Shreya A Sheth |
9090 |
9.09 |
|
Mamta A Sheth |
9090 |
9.09 |
|
Total |
100000 |
100.00 |
AS ON 28.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
72.73 |
|
Public/Other than promoters - [Individual/Hindu Undivided Family – Indian] |
27.27 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Valia and Timbadia Chartered Accountants |
|
Address : |
32, Trinity Chambers, 117, Bora Bazar Street, Fort, Mumbai – 400001, Maharashtra, India |
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PAN No.: |
AABPT2277P |
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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 : |
·
Orbit Impex ·
Orbit Financial Services |
CAPITAL STRUCTURE
AS ON 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 100/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 100/- each |
INR 10.000 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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves and Surplus |
114.152 |
95.200 |
88.192 |
|
(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) |
124.152 |
105.200 |
98.192 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
126.141 |
70.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
3.176 |
3.363 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
15.230 |
14.489 |
17.100 |
|
Total Non-current
Liabilities (3) |
144.547 |
87.852 |
17.100 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
163.297 |
90.143 |
214.310 |
|
(b) Trade
payables |
368.824 |
355.902 |
214.002 |
|
(c) Other
current liabilities |
8.017 |
3.640 |
3.302 |
|
(d) Short-term
provisions |
0.457 |
0.275 |
0.558 |
|
Total Current
Liabilities (4) |
540.595 |
449.960 |
432.172 |
|
|
|
|
|
|
TOTAL |
809.294 |
643.012 |
547.464 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
110.591 |
115.623 |
123.961 |
|
(ii)
Intangible Assets |
1.101 |
1.424 |
1.842 |
|
(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 |
0.271 |
4.771 |
4.771 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.341 |
|
(d)
Long-term loans and advances |
20.336 |
39.588 |
49.183 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.006 |
|
Total Non-Current
Assets |
132.299 |
161.406 |
180.104 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
140.667 |
29.338 |
7.718 |
|
(c) Trade
receivables |
421.918 |
435.923 |
344.331 |
|
(d) Cash and
bank balances |
108.734 |
10.598 |
9.576 |
|
(e)
Short-term loans and advances |
3.143 |
3.529 |
4.092 |
|
(f) Other
current assets |
2.533 |
2.218 |
1.643 |
|
Total
Current Assets |
676.995 |
481.606 |
367.360 |
|
|
|
|
|
|
TOTAL |
809.294 |
643.012 |
547.464 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1892.804 |
1279.871 |
1194.131 |
|
|
Other Income |
9.171 |
27.541 |
46.490 |
|
|
TOTAL |
1901.975 |
1307.412 |
1240.621 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1725.019 |
1202.518 |
1113.729 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
22.354 |
14.629 |
10.920 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
0.000 |
0.000 |
0.000 |
|
|
Other expenses |
84.854 |
42.040 |
54.323 |
|
|
TOTAL |
1832.227 |
1259.187 |
1181.976 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
69.748 |
48.225 |
58.645 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
25.698 |
22.728 |
24.852 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
44.050 |
25.497 |
33.793 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
16.415 |
14.830 |
15.960 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
27.635 |
10.667 |
17.833 |
|
|
|
|
|
|
|
Less |
TAX |
8.684 |
3.659 |
6.363 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
18.951 |
7.008 |
11.470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
779.841 |
142.784 |
0.000 |
|
|
Other
Earning |
0.000 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
779.841 |
142.784 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
403.842 |
209.103 |
174.274 |
|
|
Components and spare
parts |
0.000 |
0.000 |
0.000 |
|
|
Capital Goods |
0.000 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
403.842 |
209.103 |
174.274 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
189.51 |
70.08 |
114.70 |
|
|
Diluted |
198.51 |
70.08 |
114.70 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
(4.892) |
65.268 |
79.146 |
|
Net cash flows from (used in) operating activities |
(11.583) |
62.324 |
72.463 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin (PAT / Sales) |
(%) |
81.36 |
124.32 |
105.25 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.49 |
2.94 |
3.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
78.04 |
108.03 |
70.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.50 |
1.64 |
7.99 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.62 |
0.41 |
0.49 |
|
|
|
81.36 |
124.32 |
105.25 |
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
|
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.82 |
0.81 |
0.79 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
2.33 |
1.52 |
2.18 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
4.35 |
4.28 |
4.40 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.90 |
1.11 |
1.28 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
2.71 |
2.12 |
2.48 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
1.00 |
0.55 |
1.21 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
2.34 |
1.09 |
2.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
15.26 |
6.66 |
14.74 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.25 |
1.07 |
0.85 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.99 |
1.01 |
0.83 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.15 |
0.16 |
0.18 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
28.94 |
16.01 |
21.43 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.25 |
1.07 |
0.85 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
88.192 |
95.200 |
114.152 |
|
Net
worth |
98.192 |
105.200 |
124.152 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
70.000 |
126.141 |
|
Short term borrowings |
214.310 |
90.143 |
163.297 |
|
Current Maturities of Long
term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
214.310 |
160.143 |
289.438 |
|
Debt/Equity
ratio |
2.183 |
1.522 |
2.331 |
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 |
1194.131 |
1279.871 |
1892.804 |
|
|
|
7.180 |
47.890 |
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 |
1194.131 |
1279.871 |
1892.804 |
|
Profit/ (Loss) |
11.470 |
7.008 |
18.951 |
|
|
0.96
% |
0.55
% |
1.00
% |
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 |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
42.393 |
0.000 |
|
Loans and advances from others |
30.789 |
0.000 |
|
Total |
73.182 |
0.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G47724737 |
100097150 |
YES BANK LIMITED |
16/03/2017 |
05/06/2017 |
- |
100000000.0 |
YES BANK TOWER, IFC 2, 23RD FLOOR, SENAPATI BAPAT MARG, ELPHINSTONE (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
2 |
C47683875 |
10556940 |
ING VYSYA BANK LIMITED |
10/02/2015 |
- |
- |
90000000.0 |
GROUND FLOOR, G-34, ADERBAD BUILDING, HUGHES ROAD, MUMBAI – 400007, MAHARASHTRA, INDIA |
|
3 |
C76841097 |
10468708 |
KOTAK MAHINDRA BANK LIMITED |
05/12/2013 |
14/01/2016 |
- |
200000000.0 |
GROUND FLOOR, G-34, ADERBAD BUILDING, HUGHES ROAD, MUMBAI – 400007, MAHARASHTRA, INDIA |
|
4 |
C15125974 |
10030178 |
STANDARD CHARTERED BANK |
08/12/2006 |
31/05/2012 |
25/07/2014 |
190000000.0 |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI – 400051, MAHARASHTRA, INDIA |
|
5 |
C15124720 |
10363789 |
STANDARD CHARTERED BANK |
31/05/2012 |
- |
25/07/2014 |
260000000.0 |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI – 400051, MAHARASHTRA, INDIA |
|
6 |
B66367731 |
10314718 |
CANARA BANK |
08/10/2011 |
- |
27/12/2012 |
34500000.0 |
BASHEER BAGH, HYDERABAD – 500029, TELANGANA, INDIA |
|
7 |
A10238665 |
10012865 |
BANK OF BARODA |
11/08/2006 |
- |
17/01/2007 |
10000000.0 |
GEETA BUILDINGPANDITA RAMABAI ROAD, MUMBAI - 400007, MAHARASHTRA, INDIA |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Machinery
·
Furniture and Fixture
·
Computer Equipment
·
Vehicles
·
Office Equipment
· Motor vehicles
·
Electrical Installment
Intangible assets
- Patents
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 64.37 |
|
|
1 |
INR 78.89 |
|
Euro |
1 |
INR 89.71 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVT |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
GEET |
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.