|
|
|
MIRA INFORM REPORT
|
Report No. : |
492337 |
|
Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SFC ENVIRONMENTAL TECHNOLOGIES PRIVATE LIMITED |
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|
|
|
Registered
Office : |
The Ambience Court Hi-Tech Business Park, 21st
Floor, Sector 19-D, Plot No. 2, Vashi, Navi Mumbai – 400705, Maharashtra |
|
Tel. No.: |
91-22-27832646 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2017 |
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|
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Date of
Incorporation : |
29.03.2005 |
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|
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Com. Reg. No.: |
11-152235 |
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Capital
Investment / Paid-up Capital : |
INR 60.000 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U90000MH2005PTC152235 |
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IEC No.: |
Not Divulged |
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|
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GSTIN/UIN: |
27AAICS9032P1ZN |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAICS9032P |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of supplying core equipment in sewage treatment plant. (Registered Activity) |
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No. of Employees
: |
Information denied 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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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Enviropro Water Tech Private Limited which was incorporated in the year 2005 and it is engaged in supplying core equipment in sewage treatment plant. It also engaged in waste collection, treatment and disposal activities, materials recovery and other waste management services. As per financials of March 2017, the company has registered decline in its revenue as compared to its previous year’s revenue and has reported a good profit margin of 16.42% under review. 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. Rating also derives strength from experienced promoters and strong technical competence. Further, the company has reported a good earnings per share of INR 35.82 against its face value of INR 10. However, rating strength is partially offset by support provided by SFC to its group entities for foraying into solid waste management business and extended credit period being to be offered to the customers resulting in elongated working capital cycle. Payments seems to be regular. In view of aforesaid, the subject 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
28.04.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk |
|
Date |
28.04.2017 |
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 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 BY
|
Name : |
Mr. Mangesh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-27832646 |
|
Date : |
15.02.2018 |
LOCATIONS
|
Registered Office : |
The Ambience Court Hi-Tech Business Park, 21st Floor,
Sector 19-D, Plot No. 2, Vashi, Navi Mumbai – 400705, Maharashtra, India |
|
Tel. No.: |
91-22-27832646 / 47 |
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Fax No.: |
91-22-27832648 |
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E-Mail : |
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Website : |
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Overseas Office : |
Located at: · Austria · China · Egypt · Dubai · Vietnam · Poland · Czech Republic |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sandeep Sudhakar Asolkar |
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|
Designation : |
Managing director |
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Address : |
27, Udayagiri Society, Opposite Telecom Factory, Deonar, Mumbai – 400088, Maharashtra, India |
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Date of Birth/Age : |
05.12.1968 |
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Qualification : |
BE (Civil) |
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Date of Appointment : |
29.03.2005 |
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PAN No.: |
ABPPA3294E |
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DIN No.: |
00097828 |
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Other Directorship:
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||||||||||||||||||||
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Name : |
Mrs. Aparna Kapoor |
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Designation : |
Director |
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Address : |
Flat No. 804, 8th Floor, Building No. 57, Phase II, Sector
54, 56, 58, Seawoods Estates Limited, Nerul, Navi Mumbai – 400706,
Maharashtra, India |
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Date of Birth/Age : |
26.02.1972 |
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Qualification : |
BE (Chemical) |
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Date of Appointment : |
29.03.2005 |
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PAN No.: |
AFDPK4279D |
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DIN No.: |
00103649 |
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Other Directorship:
|
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||||||||||||||||||||
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Name : |
Mr. Sandeep Sambhaji Parab |
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Designation : |
Director |
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Address : |
Flat No. 303, Building No. 31, Sector 54, 56, 58, Seawoods Estates
Limited, Nerul, Navi Mumbai – 400706, Maharashtra, India |
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|
Date of Birth/Age : |
27.12.1967 |
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Qualification : |
BE (Civil) |
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Date of Appointment : |
08.07.2011 |
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PAN No.: |
AGBPP1669F |
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DIN No.: |
03569568 |
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KEY EXECUTIVES
|
Name : |
Mr. Mangesh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age of holding |
|
Enviropro Water Tech Private Limited, India |
4800000 |
80.00 |
|
Sandeep Asolkar |
900000 |
15.00 |
|
Aparna Kapoor |
300000 |
5.00 |
|
|
|
|
|
Total |
6000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
20.00 |
|
Promoters- Body corporate |
80.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of supplying core equipment in sewage treatment plant. (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 denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
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|
Name : |
Chetan Joshi and Company Chartered Accountants |
|
Address : |
S-4, Super CHS-Gauri Darshan, 2nd Floor, Plot No. 2, Sector 11, New Panvel – 410206, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AIQPJ7179P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
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Subsidiary Company: |
[U37100MH2014PTC256611]
[U90002MH2014PTC255728] |
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Company having
common Directors: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDLOAN)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
60.000 |
60.000 |
60.000 |
|
(b) Reserves and Surplus |
1472.336 |
1271.047 |
970.314 |
|
(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) |
1532.336 |
1331.047 |
1030.314 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
5.971 |
7.515 |
10.067 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.537 |
0.387 |
0.300 |
|
Total Non-current
Liabilities (3) |
6.508 |
7.902 |
10.367 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
527.411 |
432.297 |
388.711 |
|
(b) Trade
payables |
224.076 |
234.744 |
172.877 |
|
(c) Other
current liabilities |
84.140 |
81.017 |
125.845 |
|
(d) Short-term
provisions |
14.302 |
3.467 |
14.639 |
|
Total Current
Liabilities (4) |
849.929 |
751.525 |
702.072 |
|
|
|
|
|
|
TOTAL |
2388.773 |
2090.474 |
1742.753 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
214.970 |
229.103 |
282.005 |
|
(ii)
Intangible Assets |
18.081 |
24.107 |
30.134 |
|
(iii) Tangible assets
capital work-in-progress |
93.695 |
41.356 |
4.500 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
167.091 |
164.591 |
164.591 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
218.784 |
236.462 |
79.397 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
712.621 |
695.619 |
560.627 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
49.604 |
63.143 |
67.254 |
|
(c) Trade
receivables |
708.656 |
437.688 |
453.953 |
|
(d) Cash and
bank balances |
850.554 |
835.734 |
597.143 |
|
(e)
Short-term loans and advances |
29.922 |
46.554 |
61.764 |
|
(f) Other
current assets |
37.416 |
11.736 |
2.012 |
|
Total
Current Assets |
1676.152 |
1394.855 |
1182.126 |
|
|
|
|
|
|
TOTAL |
2388.773 |
2090.474 |
1742.753 |
PROFIT
& LOSS ACCOUNT (STANDLOAN)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1308.631 |
1590.199 |
915.295 |
|
|
Other Income |
98.800 |
78.555 |
66.187 |
|
|
TOTAL |
1407.431 |
1668.754 |
981.482 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
703.086 |
826.210 |
502.258 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
13.539 |
4.111 |
(40.591) |
|
|
Employee benefit expense |
171.423 |
146.648 |
132.846 |
|
|
CSR expenditure |
5.750 |
0.000 |
0.000 |
|
|
Other expenses |
121.437 |
153.564 |
119.633 |
|
|
TOTAL |
1015.235 |
1130.533 |
714.146 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
392.196 |
538.221 |
267.336 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
35.019 |
19.571 |
13.551 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
357.177 |
518.650 |
253.785 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.821 |
28.791 |
33.529 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
331.356 |
489.859 |
220.256 |
|
|
|
|
|
|
|
Less |
TAX |
116.454 |
167.462 |
71.386 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
214.902 |
322.397 |
148.870 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
35.82 |
53.73 |
24.81 |
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 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
136.994 |
392.369 |
259.624 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
17.763 |
228.135 |
187.117 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
197.66 |
100.46 |
181.03 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.85 |
3.63 |
2.02 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
116.33 |
103.70 |
125.63 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
7.91 |
8.52 |
3.98 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.20 |
1.83 |
0.84 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.36 |
0.36 |
0.40 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.34 |
0.32 |
0.38 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.55 |
0.56 |
0.68 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.21 |
0.22 |
0.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
11.20 |
27.50 |
19.73 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
16.42 |
20.27 |
16.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.00 |
15.42 |
8.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
14.02 |
24.22 |
14.45 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.97 |
1.86 |
1.68 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.91 |
1.77 |
1.59 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.64 |
0.64 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
8.79 |
7.20 |
6.48 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.97 |
1.86 |
1.68 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
60.000 |
60.000 |
60.000 |
|
Reserves & Surplus |
970.314 |
1271.047 |
1472.336 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1030.314 |
1331.047 |
1532.336 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
388.711 |
432.297 |
527.411 |
|
Total
borrowings |
388.711 |
432.297 |
527.411 |
|
Debt/Equity
ratio |
0.377 |
0.325 |
0.344 |
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 |
915.295 |
1590.199 |
1308.631 |
|
|
|
73.736 |
(17.706) |
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 |
915.295 |
1590.199 |
1308.631 |
|
Profit/ (Loss) |
148.870 |
322.397 |
214.902 |
|
|
16.26
% |
20.27
% |
16.42
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
60.000 |
60.000 |
|
(b) Reserves and Surplus |
|
1453.681 |
1303.015 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
101.263 |
99.075 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1513.681 |
1363.015 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
192.106 |
8.908 |
|
(b) Deferred tax liabilities (Net) |
|
10.408 |
7.515 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
28.545 |
0.387 |
|
Total Non-current
Liabilities (3) |
|
231.059 |
16.810 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
551.342 |
450.670 |
|
(b) Trade
payables |
|
364.127 |
427.164 |
|
(c) Other
current liabilities |
|
131.503 |
195.895 |
|
(d) Short-term
provisions |
|
51.987 |
37.258 |
|
Total Current
Liabilities (4) |
|
1098.959 |
1110.987 |
|
|
|
|
|
|
TOTAL |
|
2944.962 |
2589.887 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
280.501 |
302.876 |
|
(ii)
Intangible Assets |
|
45.318 |
51.057 |
|
(iii) Tangible assets
capital work-in-progress |
|
93.696 |
41.357 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
200.936 |
196.994 |
|
(c) Deferred tax assets (net) |
|
1.073 |
22.234 |
|
(d)
Long-term loans and advances |
|
220.388 |
47.748 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
841.912 |
662.266 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
167.441 |
158.599 |
|
(c) Trade
receivables |
|
900.927 |
753.770 |
|
(d) Cash and
bank balances |
|
870.949 |
856.836 |
|
(e)
Short-term loans and advances |
|
30.842 |
53.256 |
|
(f) Other
current assets |
|
132.891 |
105.160 |
|
Total
Current Assets |
|
2103.050 |
1927.621 |
|
|
|
|
|
|
TOTAL |
|
2944.962 |
2589.887 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
1967.227 |
2174.764 |
|
|
Other Income |
|
73.916 |
69.842 |
|
|
TOTAL |
|
2041.143 |
2244.606 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
|
1211.995 |
1169.671 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(36.885) |
1.377 |
|
|
Employee benefit expense |
|
270.869 |
253.042 |
|
|
Other expenses |
|
215.837 |
221.210 |
|
|
TOTAL |
|
1661.816 |
1645.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
379.327 |
599.306 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
45.529 |
27.620 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
333.798 |
571.686 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
35.015 |
38.440 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
298.783 |
533.246 |
|
|
|
|
|
|
|
Less |
TAX |
|
121.313 |
172.519 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
177.470 |
360.727 |
|
|
|
|
|
|
|
|
Profit (loss) of minority
interest |
|
(2.019) |
(5.732) |
|
|
Share of profit (loss) of
associates |
|
2.949 |
(16.152) |
|
|
|
|
|
|
|
|
Total
profit (loss) for period |
|
178.399 |
338.842 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
|
29.58 |
60.12 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
NOTE: The Registered Office of the company has been shifted from 202, Krishna Regency,
Plot No. 40, Sector - 30, Vashi, Navi Mumbai - 400703, Maharashtra, India to
the present address w.e.f. 01.01.2010.
REVIEW OF
OPERATIONS AND FORWARD LOOKING STATEMENT
The Financial year 2016-2017 has been a landmark year of achievement for SFC Environmental Technologies Private limited (SFC). In spite of a very sluggish business environment, SFC achieved turnover of 1407.400 Million and earned Profit After Tax of INR 214.900 Million.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
B64480312 |
10392909 |
BANK OF INDIA |
29/11/2012 |
- |
67872000.0 |
TURBHE BRANCH,
PLOT NO 34, SECTOR 24, TURBHE,NAVI MUMBAIMH400705IN |
|
2 |
A71205090 |
10181223 |
BANK OF INDIA |
04/09/2009 |
- |
3000000.0 |
TURBHE BRANCH,
PLOT NO 34, SECTOR 24, TURBHENAVI MUMBAIMH400705IN |
|
3 |
C34278812 |
10123905 |
BANK OF INDIA |
05/09/2008 |
17/10/2014 |
800000000.0 |
THANE MID CORPORATE
BRANCH, G-5 AKRUTI SMC,L B S MARG, KHOPAT JUNCTION, THANE (W)THANE
WESTMH400601IN |
|
4 |
C34281485 |
10123910 |
BANK OF INDIA |
05/09/2008 |
25/09/2014 |
800000000.0 |
THANE MID
CORPORATE BRANCH, G-5 AKRUTI SMC,OFF LBS MARG, KHOPAT JUNCTIONTHANE
WESTMH400601IN |
|
5 |
A23797665 |
10069132 |
BANK OF INDIA |
11/09/2007 |
- |
65000000.0 |
TURBHE BRANCH,
PLOT NO. 34SECTOR - 24, TURBHENAVI MUMBAIMH400705IN |
|
6 |
A23797350 |
10069140 |
BANK OF INDIA |
07/09/2007 |
- |
65000000.0 |
TURBHE BRANCH,
PLOT NO. 34SECTOR - 24, TURBHENAVI MUMBAIMH400705IN |
|
7 |
A09599804 |
10034875 |
BANK OF INDIA |
15/01/2007 |
- |
30000000.0 |
PLOT NO. 34 ,
SECTOR 24TURBHENAVI MUMBAIMH400705IN |
|
8 |
A08831042 |
10033209 |
BANK OF INDIA |
28/12/2006 |
- |
30000000.0 |
PLOT NO.34 ,
SECTOR-24TURBHENAVI MUMBAIMH400705IN |
|
9 |
Y10351559 |
90243922 |
BANK OF INDIA |
13/11/2005 |
- |
120000000.0 |
TURBHE BRANCH
TURBHENAVI MUMBAIMH400705IN |
|
10 |
A03556438 |
80009793 |
BANK OF INDIA |
13/10/2005 |
09/08/2006 |
30000000.0 |
PLOT NO 34 SECTOR
24TURBHENAVI MUMBAIMH400705IN |
CONTINGENT
LIABILITIES
(INR IN Million)
|
Particulars |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
Bank Guarantees |
69.356 |
44.367 |
|
Corporate Guarantees Given |
|
|
|
Chavare Engineering Private Limited |
160.000 |
160.000 |
|
Hindustan Waste Treatment Private Limited |
1284.700 |
1284.700 |
|
|
|
|
FIXED ASSETS:
Tangible assets
- Buildings
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Copyrights, patents and other operating rights
- 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 63.92 |
|
|
1 |
INR 89.55 |
|
Euro |
1 |
INR 79.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KVT |
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.