|
|
|
MIRA INFORM REPORT
|
Report No. : |
492311 |
|
Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
FROST INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
709- C Wing, One BKC, Near Indian Oil Petrol Pump, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra |
|
Tel. No.: |
91-22-62494444 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
17.05.1995 |
|
|
|
|
Com. Reg. No.: |
11-243081 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 500.619 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05001MH1995PLC243081 |
|
|
|
|
IEC No.: |
0695001086 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF2299P |
|
|
|
|
GSTIN/UIN : |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Exporter of bullion, goods, leather, chemicals,
spices, condiments, agri-commodities, minerals, metals, coal, coke, plastic,
polymers, synthetic items, paper, packing materials, engineering goods,
electronics, scientific goods, equipment, jute, silk, yarn, textiles,
ready-made garments, cattle food and commodities. (Registered Activity) |
|
|
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1995 and it is trader, exporter
and importer of bullion, goods, leather, chemicals and spices. Management has failed to file its latest financials with Government
Registry. As per available financials of March 2016, the company has registered
growth of 15.87% in its revenue as compared to its previous year’s revenue
and has reported a minimal profit margin of 0.52%. Rating takes into consideration the company’s established track record
of business operations marked by healthy financial risk profile along with
strong debt coverage indicators and good liquidity position. Further, the company has reported a good earnings per share of INR
29.10 against its face value of INR 10. Payments seems to be regular. In view of aforesaid, the company can be considered good for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 16.02.2018
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. 91-22-62494444)
(Tel. No.: 91-22-28240901 Incorrect number)
LOCATIONS
|
Registered Office : |
709- C Wing, One BKC, Near Indian Oil Petrol Pump, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-62494444 |
|
Mobile : |
91-9838070338 (Mr. Magendra Shukla) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Kolkata Office / Warehouse : |
S.B. Tower, Unit 4 - 4D, 3rd Floor, 37, Shakespeare Sarani,
Kolkata - 700 017, West Bengal, India |
|
Tel. No.: |
91-33-40164444 |
|
Fax No.: |
91-33-40164474 |
|
|
|
|
Corporate Office : |
402, Kalpana Plaza, 24/147-B, Birhana Road, Kanpur – 208 001, Uttar
Pradesh, India |
|
Tel. No.: |
91-512-2379246 |
|
Fax No.: |
91-512-2348188 |
|
|
|
|
Ahmedabad Office / Branch Office : |
# 406, 4th Floor, Sail’s Mall, B/H, Girish Cold Drink, C.G.
Road, Navrangpura, Ahmedabad – 380 009, Gujarat, India |
|
Tel. No.: |
91-79-26563233 |
|
Fax No.: |
91-79-40091115 |
|
E-Mail : |
|
|
|
|
|
Head Office and
International Marketing Division : |
Aria Towers - 3rd Floor, Commercial Block, JW Marriott
Hotel, Aerocity, |
|
Tel. No.: |
91-11-40694444 |
|
Fax No.: |
91-11-40694474 |
|
|
|
|
Overseas Branch Office : |
No. 10, Anson Road, 18-24, International Plaza, Singapore - 079903 |
|
Tel. No.: |
+65-62278086 |
|
Fax No.: |
+65-62278682 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Uday Jayant Desai |
|
Designation : |
Managing Director |
|
Address : |
3A/90, Azad Nagar, Kanpur – 208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
02.07.1956 |
|
Date of Appointment : |
31.05.1995 |
|
Qualification : |
Graduate |
|
PAN No.: |
ADZPD0907B |
|
DIN No.: |
00039009 |
|
|
|
|
Name : |
Mr. Sunil Verma |
|
Designation : |
Whole time Director |
|
Address : |
3A/217, Azad Nagar, Kanpur - 208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
04.10.1957 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
31.05.1995 |
|
PAN No.: |
ABUPV8567G |
|
DIN No.: |
00038861 |
|
|
|
|
Name : |
Mr. Anoop Kumar Wadhera |
|
Designation : |
Whole-time Director |
|
Address : |
9/1, Sarva Priya Vihar, New Delhi - 110016, India |
|
Date of Birth/Age : |
25.09.1956 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
31.05.1995 |
|
PAN No.: |
AABPW8226F |
|
DIN No.: |
00335211 |
|
|
|
|
Name : |
Mr. Sujay Uday Desai |
|
Designation : |
Director |
|
Address : |
3A/90, Azad Nagar, Kanpur - 208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
18.05.1983 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
19.07.2011 |
|
PAN No.: |
AGRPD9999E |
|
DIN No.: |
00039105 |
|
|
|
|
Name : |
Krishnavadan Popatlal Shah |
|
Designation : |
Director |
|
Address : |
801, Gopal Krishna Apartment, Dumas Road, Surat - 395007, Gujarat, India |
|
Date of Birth/Age : |
09.09.1931 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
04.02.2010 |
|
DIN No.: |
02908268 |
|
|
|
|
Name : |
Prabhjot Singh |
|
Designation : |
Director |
|
Address : |
3/B, Laxmi Road, Dalanwala, Dehradun – 248001, Uttarakhand, India |
|
Date of Birth/Age : |
08.11.1965 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
02.03.2010 |
|
DIN No.: |
02954935 |
|
|
|
|
Name : |
Ms. Sandhya Swarup |
|
Designation : |
Director |
|
Address : |
15/96, Civil Lines, Kanpur - 208001, Uttar Pradesh, India |
|
Date of Appointment : |
15.06.2015 |
|
DIN No.: |
06981782 |
KEY EXECUTIVES
|
Name : |
Mr. Sujay Uday Desai |
|
Designation : |
Chief Executive Officer |
|
Address : |
3A/90 Azad Nagar, Kanpur - 208002, Uttar Pradesh, India |
|
Date of Appointment : |
25.09.2014 |
|
PAN No: |
AGRPD9999E |
|
|
|
|
Name : |
Ms. Astha Chaturvedi |
|
Designation : |
Company Secretary |
|
Address : |
78 MIG, Mandir Wali Gali, Barra-7, Kanpur - 208027, Uttar Pradesh,
India |
|
Date of Appointment : |
01.04.2015 |
|
PAN No: |
BDMPC4695P |
|
|
|
|
Name : |
Mr. Atul Rastogi |
|
Designation : |
Chief Finance Officer |
|
Address : |
403 Ramnika, 7/186 Swaroop Nagar, Kanpur – 208002, Uttar Pradesh,
India |
|
Date of Appointment : |
25.09.2014 |
|
PAN No: |
ABPPR2829E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Verma |
|
4747734 |
|
Uday J. Desai |
|
5164708 |
|
Anoop Kumar Wadhera |
|
1544450 |
|
Nilima U. Desai |
|
5245306 |
|
Rita Verma |
|
4508154 |
|
Poonam Wadhera |
|
64475 |
|
Uday J. Desai HUF |
|
3251138 |
|
Sunil Verma HUF |
|
1326900 |
|
Saral Verma |
|
2754686 |
|
Sujay U. Desai |
|
7967987 |
|
Suman Desai |
|
5188806 |
|
Nipun Verma |
|
3303666 |
|
Sanjana Desai |
|
2642915 |
|
Anoop Kumar Wadhera HUF |
|
60000 |
|
Sanjay Sanganeria |
|
1000 |
|
Globiz Exim Private Limited, India |
|
240000 |
|
Olympic Oil Industries Limited, India |
|
2050000 |
|
Total |
|
50061925 |
Equity Share Break up (Percentage of Total Equity)
As on 30.12.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
95.42366779 |
|
Promoters (Body corporate) |
0.47940626 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
0.00199753 |
|
Public/Other than promoters (Body corporate) |
4.09492842 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of bullion, goods, leather, chemicals,
spices, condiments, agri-commodities, minerals, metals, coal, coke, plastic,
polymers, synthetic items, paper, packing materials, engineering goods,
electronics, scientific goods, equipment, jute, silk, yarn, textiles,
ready-made garments, cattle food and commodities. (Registered Activity) |
|
|
|
|
Products/ Services : |
-- |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
Customers : |
|
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|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Rajiv Mehrotra and Associates Chartered Accountants |
|
Address : |
Anjani,
Kheterpal 401701 3/3-A,Vishnupuri, Kanpur – 208002, Uttar Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFR0926B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary : |
FTA HSRP Solutions Private Limited |
|
|
|
|
Associate |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : (As on 31.03.2016) |
|
|
|
|
|
Other Related
Parties : (As on 31.03.2016) |
|
CAPITAL STRUCTURE
After 30.12.2016
Authorised Capital : INR 1000.000 Million
Issued, Subscribed & Paid-up Capital : INR 749.262
Million
As on 30.12.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
52000000 |
Equity Shares |
INR 10/- each |
INR 520.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50061925 |
Equity Shares |
INR 10/- each |
INR 500.619
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
500.619 |
295.000 |
274.000 |
|
(b) Reserves & Surplus |
6090.727 |
5292.574 |
4076.861 |
|
(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) |
6591.346 |
5587.574 |
4350.861 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1427.458 |
1352.349 |
1055.525 |
|
(b) Deferred tax liabilities (Net) |
49.639 |
48.963 |
48.386 |
|
(c) Other long term
liabilities |
18.207 |
0.030 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1495.304 |
1401.342 |
1103.911 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1297.740 |
2758.031 |
1289.173 |
|
(b) Trade
payables |
67272.860 |
61084.784 |
51413.363 |
|
(c) Other
current liabilities |
1715.220 |
2672.991 |
3892.413 |
|
(d) Short-term
provisions |
456.959 |
493.692 |
469.921 |
|
Total Current
Liabilities (4) |
70742.779 |
67009.498 |
57064.870 |
|
|
|
|
|
|
TOTAL |
78829.429 |
73998.414 |
62519.642 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
463.463 |
786.043 |
507.438 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
391.012 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
358.471 |
416.875 |
252.461 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
442.120 |
506.708 |
546.502 |
|
(e) Other
Non-current assets |
65.498 |
23.585 |
0.000 |
|
Total Non-Current
Assets |
1720.564 |
1733.211 |
1306.401 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
42.743 |
33.476 |
0.000 |
|
(b)
Inventories |
350.671 |
623.830 |
428.940 |
|
(c) Trade
receivables |
26687.906 |
28273.843 |
26540.275 |
|
(d) Cash
and cash equivalents |
46759.150 |
40759.001 |
31322.515 |
|
(e)
Short-term loans and advances |
2377.107 |
1608.350 |
1801.632 |
|
(f) Other
current assets |
891.288 |
966.703 |
1119.879 |
|
Total
Current Assets |
77108.865 |
72265.203 |
61213.241 |
|
|
|
|
|
|
TOTAL |
78829.429 |
73998.414 |
62519.642 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
166379.751 |
143588.897 |
132056.030 |
|
|
Other Income |
54.704 |
66.983 |
221.557 |
|
|
TOTAL |
166434.455 |
143655.880 |
132277.587 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
163133.740 |
141198.255 |
129530.196 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
273.159 |
(194.890) |
353.750 |
|
|
Employees benefits
expense |
106.247 |
122.003 |
119.243 |
|
|
CSR expenditure |
1.950 |
6.798 |
0.000 |
|
|
Other expenses |
551.514 |
332.659 |
260.439 |
|
|
TOTAL |
164066.610 |
141464.825 |
130263.628 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2367.845 |
2191.055 |
2013.959 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1016.064 |
779.634 |
686.602 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
1351.781 |
1411.421 |
1327.357 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
31.213 |
29.435 |
66.344 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1320.568 |
1381.986 |
1261.013 |
|
|
|
|
|
|
|
Less |
TAX |
462.056 |
475.344 |
437.290 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
858.512 |
906.642 |
823.723 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
3664.501 |
2757.859 |
1934.136 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Dividend to Equity Shares |
60.360 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
4462.653 |
3664.501 |
2757.859 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1602.032 |
134075.672 |
121970.772 |
|
|
TOTAL EARNINGS |
1602.032 |
134075.672 |
121970.772 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
0.000 |
122871.433 |
104486.02 |
|
|
TOTAL IMPORTS |
0.000 |
122871.433 |
104486.020 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic and Diluted |
29.10 |
31.78 |
31.74 |
|
|
Basic and Diluted
earning per equity share before extraordinary items |
29.10 |
46.85 |
27.92 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
31.432 |
38.454 |
24.016 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
8767.198 |
9086.515 |
2082.123 |
|
Net cash flow from operating activity |
8305.142 |
8611.171 |
1644.833 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
58.55 |
71.87 |
73.36 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
6.23 |
5.08 |
4.98 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
150.52 |
157.91 |
144.88 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
6.75 |
3.51 |
4.70 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.77 |
2.79 |
3.97 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.92 |
0.92 |
0.93 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.42 |
0.74 |
0.54 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
10.73 |
11.99 |
13.12 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.13 |
0.14 |
0.12 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.33 |
2.81 |
2.93 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
0.52 |
0.63 |
0.62 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.09 |
1.23 |
1.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.02 |
16.23 |
18.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.09 |
1.08 |
1.07 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.09 |
1.07 |
1.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.08 |
0.08 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.51 |
14.06 |
8.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.09 |
1.08 |
1.07 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
274.000 |
295.000 |
500.619 |
|
Reserves & Surplus |
4076.861 |
5292.574 |
6090.727 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
4350.861 |
5587.574 |
6591.346 |
|
|
|
|
|
|
long-term borrowings |
1055.525 |
1352.349 |
1427.458 |
|
Short term borrowings |
1289.173 |
2758.031 |
1297.740 |
|
Current Maturities of
Long term debt |
24.016 |
38.454 |
31.432 |
|
Total borrowings |
2368.714 |
4148.834 |
2756.630 |
|
Debt/Equity ratio |
0.544 |
0.743 |
0.418 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
132056.030 |
143588.897 |
166379.751 |
|
|
|
8.733 |
15.872 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
132056.030 |
143588.897 |
166379.751 |
|
Profit/(Loss) |
823.723 |
906.642 |
858.512 |
|
|
0.62% |
0.63% |
0.52% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
500.619 |
295.000 |
|
(b) Reserves &
Surplus |
|
6925.796 |
5940.008 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Minority Interest |
|
452.797 |
381.598 |
|
Total Shareholders’ Funds
(1) + (2) |
|
7879.212 |
6616.606 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1623.421 |
1504.783 |
|
(b) Deferred tax
liabilities (Net) |
|
34.745 |
34.238 |
|
(c) Other long term
liabilities |
|
0.030 |
0.030 |
|
(d) long-term provisions |
|
18.207 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1676.403 |
1539.051 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
5292.686 |
7375.076 |
|
(b) Trade payables |
|
67765.821 |
63428.985 |
|
(c) Other current
liabilities |
|
1750.602 |
2775.375 |
|
(d) Short-term provisions |
|
503.685 |
535.751 |
|
Total Current Liabilities
(4) |
|
75312.794 |
74115.187 |
|
|
|
|
|
|
TOTAL |
|
84868.409 |
82270.844 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1007.131 |
979.702 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
5.495 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
96.357 |
162.627 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
442.649 |
664.505 |
|
(e) Other Non-current
assets |
|
65.498 |
23.585 |
|
Total Non-Current Assets |
|
1611.635 |
1835.914 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
42.743 |
33.476 |
|
(b) Inventories |
|
379.734 |
722.375 |
|
(c) Trade receivables |
|
31544.238 |
35196.213 |
|
(d) Cash and cash
equivalents |
|
47965.549 |
41984.701 |
|
(e) Short-term loans and
advances |
|
2428.421 |
1525.733 |
|
(f) Other current assets |
|
896.089 |
972.432 |
|
Total Current Assets |
|
83256.774 |
80434.930 |
|
|
|
|
|
|
TOTAL |
|
84868.409 |
82270.844 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
198969.383 |
173255.536 |
|
|
Other Income |
|
171.245 |
196.664 |
|
|
TOTAL |
|
199140.628 |
173452.200 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
|
195116.485 |
170352.677 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
329.752 |
(202.600) |
|
|
Employees benefits
expense |
|
222.469 |
164.065 |
|
|
CSR expenditure |
|
1.950 |
6.798 |
|
|
Other expenses |
|
713.786 |
611.025 |
|
|
Exceptional items |
|
0.125 |
0.249 |
|
|
TOTAL |
|
196384.567 |
170932.214 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
|
2756.061 |
2519.986 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
1149.993 |
898.993 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
1606.068 |
1620.993 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
58.977 |
72.190 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
1547.091 |
1548.803 |
|
|
|
|
|
|
|
Less |
TAX |
|
504.013 |
518.716 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD BEFORE MINORITY INTEREST |
|
1043.078 |
1030.087 |
|
|
|
|
|
|
|
Add |
MINORITY INTEREST |
|
(89.825) |
(79.279) |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD |
|
953.253 |
950.808 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
32.31 |
39.69 |
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 |
No |
|
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 |
NOTE: The registered office of the company
has been shifted from 907-910, Meadows, Sahar Plaza, Andheri Kurla Road,
Andheri (East) Mumbai – 400059, Maharashtra,
India to the present address.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Deposits from others |
529.944 |
236.110 |
|
Loans and advances from related parties |
606.865 |
821.399 |
|
Total |
1136.809 |
1057.509 |
INDEX
OF CHARGES
|
Charges Registered |
|||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G59835801 |
100130957 |
Indian Overseas Bank |
08/09/2017 |
- |
5800000.0 |
MALL ROAD BRANCH KANPUR KANPUR UTTAR PRADESH 208001 INDIA |
|
2 |
G42516351 |
100094172 |
Canara Bank |
18/03/2017 |
- |
50000000.0 |
1ST FLOOR, 'A' WING CANARA BANK BUILDING C-14, G-BLOCK, BANDRA KURLA COMLEX, BANDRA (EAST) MUMBAI MAHARASHTRA 400051 INDIA |
|
3 |
G41198128 |
100090140 |
Indian Overseas Bank |
18/01/2017 |
- |
7000000.0 |
MALL ROAD BRANCH KANPUR KANPUR UTTAR PRADESH 208001 INDIA |
|
4 |
G19523950 |
100057648 |
Indian Overseas Bank |
06/10/2016 |
- |
15000000000.0 |
GARG NARONHA COMPLEX 17/9THE MALL KANPUR UTTAR PRADESH 208001 INDIA |
|
5 |
G36125334 |
100032615 |
Bank of India |
20/05/2016 |
30/01/2017 |
7567500000.0 |
MID CORPORATE BRANCH THAPAR HOUSE KANPUR UTTAR PRADESH 208001 INDIA |
|
6 |
G04642914 |
100029658 |
Oriental Bank Of Commerce |
11/03/2016 |
- |
150000000.0 |
Large Corporate Branch E- Block, Harsha Bhawan, Connaught Circus New Delhi 110001 INDIA |
|
7 |
G54204359 |
10529799 |
Bank of India |
12/05/2014 |
04/03/2017 |
40940000000.0 |
MID CORPORATE BRANCH 26/41THAPPER HOUSE BIRHANA ROAD, KANPUR KANPURUP208001IN |
|
8 |
C00550137 |
10485235 |
ORIENTAL BANK OF COMMERCE |
12/03/2014 |
- |
4050000000.0 |
I FB -A BLOCK CONNAUGHT PLACE NEW DELHI 110001 INDIA |
|
9 |
B93814580 |
10382924 |
Oriental Bank of Commerce |
31/08/2012 |
20/11/2013 |
385000000.0 |
M-1/2/3Cannaught Circus New Delhi 110001 INDIA |
|
10 |
B44403269 |
10078877 |
INDIAN OVERSEAS BANK |
03/11/2007 |
20/07/2012 |
143000000.0 |
GARG NARONHA COMPLEX17/9 THE MALL KANPUR UTTAR PRADESH 208001 INDIA |
FIXED ASSETS
- Land
- Buildings
- Office building
- Factory building
- Plant and equipment
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
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 63.92 |
|
|
1 |
INR 89.54 |
|
Euro |
1 |
INR 79.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
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 |
YES |
|
--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.