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|
%20PRIVATE%20LIMITED%20-%20492567_MIRA%2017-Feb-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20492567_MIRA%2017-Feb-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20492567_MIRA%2017-Feb-2018_files/image006.gif)
MIRA INFORM REPORT
|
Report No. : |
492567 |
|
Report Date : |
17.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
A W FABER CASTELL (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
801, Kamla Executive Park, Near Elegant Plaza, Off. M. V. Road, J. B.
Nagar, Andheri (East), Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-67729200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
10.10.1996 |
|
|
|
|
Com. Reg. No.: |
11-103223 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 223.137 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36991MH1996PTC103223 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN: |
27AACCA3117H1Z2 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA3117H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacture and trading of stationery products such as erasers, crayons, oil pastel, poster colours and mechanical pencils. (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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is wholly owned subsidiary of “Faber-Castell
Aktingesellschaft” based in Germany and it was incorporated in the year 1996. It is engaged in manufacturing and trading of stationery products such
as erasers, crayons, oil pastel, poster colours and mechanical pencils. 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
losses. Rating takes into consideration the company’s continuous losses from
its operations which has led to negative reserves along with unfavorable gap
between its payables to its trade receivables and average liquidity position.
However, rating weakness is partially offset by company’s strong
financial, managerial and technical support received from the holding entity. Payments seems to be slow but correct. In view of strong holding support, the company can be considered for
business dealings with some caution. |
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 17.02.2018
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 : |
Ms. Esha Milan Desai |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-22-28203691 |
|
Date : |
16.02.2018 |
91-22-67729100 (Continuously Ringing)
LOCATIONS
|
Registered Office : |
801, Kamla Executive Park, Near Elegant Plaza, Off. M. V. Road, J. B. Nagar,
Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-67729100 |
|
Fax No.: |
91-22-67729200 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Located at:
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Partha Chakrabarti |
|
Designation : |
Managing Director |
|
Address : |
The Belaire Apartment, H. No. - 242, Golf Course Road, DLF Phase V, Sector – 53, Gurugram – 122001, Haryana, India |
|
Date of Birth/Age : |
03.08.1964 |
|
Experience |
27 years |
|
Qualification : |
Chartered Accountant, ICAI |
|
Date of Appointment : |
22.03.2017 |
|
PAN No.: |
ACZPC8786E |
|
DIN No: |
07772208 |
|
|
|
|
Name : |
Christoph Johann Henrich Kohlhaussen |
|
Designation : |
Director |
|
Address : |
Bockumer Strbe. 226, 40489 Dusseldorf Bockumer 55367, Germany |
|
Date of Appointment : |
18.01.2017 |
|
DIN No: |
06816300 |
|
|
|
|
Name : |
Hans Kurt Heinrich Von Werder |
|
Designation : |
Director |
|
Address : |
Gt Abbensen Ves Becker Weg 7 Wedemark 30900 Germany |
|
Date of Appointment : |
18.01.2017 |
|
DIN No: |
07679188 |
KEY EXECUTIVES
|
Name : |
Ms. Esha Milan Desai |
|
Designation : |
Company Secretary |
|
Address : |
A-18, Aum Bunglows, Laxmipura Road, Gorwa, Vadodara – 390016, Gujarat, India |
|
Date of Birth/Age : |
17.09.1989 |
|
Date of Appointment : |
09.02.2016 |
|
PAN No.: |
BWTPP4042B |
|
|
|
|
Name : |
Mr. Mayuresh Jambunathan |
|
Designation : |
Chief Financial Officer |
|
Address : |
Mulund Shangrila, Flat No. 202, P K Road, Near St. Marys High School, Mulund (West), Mumbai- 400080, Maharashtra, India |
|
Date of Appointment : |
27.09.2017 |
|
PAN No.: |
ACWPJ1724G |
|
|
|
|
Name : |
Manish Ghia and Associates |
|
Designation : |
Company Secretary |
|
Address : |
4, Chandan Niwas (Old), M.V. Road, Off Andheri (East), Mumbai – 400069, Maharashtra, India |
|
Tel. No: |
91-22-26826286/ 26815400 |
|
Email: |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Faber-Castell Aktiengesellschaft, Germany (Including share held by
nominee shareholder) |
22313679 |
100.00 |
|
Total |
22313679 |
100.00 |
%20PRIVATE%20LIMITED%20-%20492567_MIRA%2017-Feb-2018_files/image008.gif)
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject is engaged in manufacture and trading of stationery products such as erasers, crayons, oil pastel, poster colours and mechanical pencils.. (Registered Activity) |
||||||
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|
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|
Products / Services
: |
|
||||||
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|
||||||
|
Brand Names : |
Not Available |
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|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||||||||||
|
Customers : |
|
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|
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No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
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|
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|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
BSR and Associates Chartered Accountants |
|
Address : |
Lodha Excellus, 1St Floor, Apollo Mills Compound N. M. Joshi Marg, Mahalakshmi, Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-39896000 |
|
Fax No.: |
91-22-39836000 |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Faber-Castell Aktiengesellschaft, Germany |
|
|
|
|
Fellow Subsidiary
Company : |
|
CAPITAL STRUCTURE
As on: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26100000 |
Equity Shares |
INR 10/- each |
INR 261.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22313679 |
Equity Shares |
INR 10/- each |
INR 223.137 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
223.137 |
223.137 |
160.608 |
|
(b) Reserves and Surplus |
(219.957) |
(205.732) |
(368.591) |
|
(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) |
3.180 |
17.405 |
(207.983) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.838 |
1.110 |
0.876 |
|
(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 |
8.489 |
5.375 |
4.951 |
|
Total Non-current
Liabilities (3) |
9.327 |
6.485 |
5.827 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
560.164 |
593.190 |
519.802 |
|
(b) Trade
payables |
228.310 |
410.905 |
604.293 |
|
(c) Other
current liabilities |
186.271 |
200.350 |
290.179 |
|
(d) Short-term
provisions |
1.795 |
8.864 |
2.449 |
|
Total Current
Liabilities (4) |
976.540 |
1213.309 |
1416.723 |
|
|
|
|
|
|
TOTAL |
989.047 |
1237.199 |
1214.567 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
210.168 |
254.155 |
223.679 |
|
(ii)
Intangible Assets |
3.235 |
3.386 |
4.747 |
|
(iii) Tangible assets
capital work-in-progress |
2.351 |
2.351 |
18.492 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
19.079 |
19.142 |
32.379 |
|
(e) Other
Non-current assets |
1.837 |
1.082 |
7.548 |
|
Total Non-Current
Assets |
236.670 |
280.116 |
286.845 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
367.878 |
523.350 |
537.756 |
|
(c) Trade
receivables |
330.894 |
371.858 |
333.447 |
|
(d) Cash and
bank balances |
16.128 |
11.009 |
17.546 |
|
(e)
Short-term loans and advances |
37.477 |
48.107 |
27.346 |
|
(f) Other current
assets |
0.000 |
2.759 |
11.627 |
|
Total
Current Assets |
752.377 |
957.083 |
927.722 |
|
|
|
|
|
|
TOTAL |
989.047 |
1237.199 |
1214.567 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1600.195 |
1669.738 |
1611.045 |
|
|
Other Income |
93.014 |
175.194 |
22.523 |
|
|
TOTAL |
1693.209 |
1844.932 |
1633.568 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
218.552 |
292.464 |
241.498 |
|
|
Purchases of
Stock-in-Trade |
647.149 |
698.515 |
1075.555 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
155.660 |
26.116 |
(237.876) |
|
|
Employee benefit expense |
197.063 |
175.996 |
167.478 |
|
|
Other expenses |
369.216 |
468.402 |
448.808 |
|
|
TOTAL |
1587.640 |
1661.493 |
1695.463 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
105.569 |
183.439 |
(61.895) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
59.935 |
68.092 |
48.440 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
45.634 |
115.347 |
(110.335) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
59.494 |
38.468 |
25.586 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(13.860) |
76.879 |
(135.921) |
|
|
|
|
|
|
|
Less |
TAX |
0.365 |
6.000 |
2.222 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(14.225) |
70.879 |
(138.143) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
426.135 |
572.411 |
0.000 |
|
|
TOTAL EARNINGS |
426.135 |
572.411 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
24.283 |
5.743 |
0.000 |
|
|
Capital Goods |
188.684 |
212.386 |
0.000 |
|
|
TOTAL IMPORTS |
212.967 |
219.766 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.64) |
3.83 |
(6.19) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.173 |
0.788 |
0.415 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
120.984 |
9.038 |
(107.562) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
112.430 |
9.029 |
(107.481) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
75.48 |
81.29 |
75.55 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
4.84 |
4.49 |
4.83 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
96.26 |
151.35 |
167.47 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.29 |
0.35 |
(0.12) |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.49 |
0.71 |
(0.25) |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.99 |
0.98 |
1.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
176.78 |
34.19 |
(2.51) |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
307.09 |
69.71 |
(6.81) |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
67.85 |
14.93 |
(1.19) |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.76 |
2.69 |
(1.28) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
(0.89) |
4.24 |
(8.57) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
(1.44) |
5.73 |
(11.37) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
(447.33) |
407.23 |
66.42 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
0.77 |
0.79 |
0.65 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.39 |
0.36 |
0.28 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.00 |
0.01 |
(0.17) |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
2.52 |
2.67 |
3.24 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
0.77 |
0.79 |
0.65 |
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 |
160.608 |
223.137 |
223.137 |
|
Reserves & Surplus |
(368.591) |
(205.732) |
(219.957) |
|
Net
worth |
(207.983) |
17.405 |
3.180 |
|
|
|
|
|
|
Long-term borrowings |
0.876 |
1.110 |
0.838 |
|
Short term borrowings |
519.802 |
593.190 |
560.164 |
|
Current maturities of
long-term debts |
0.415 |
0.788 |
1.173 |
|
Total
borrowings |
521.093 |
595.088 |
562.175 |
|
Debt/Equity
ratio |
(2.505) |
34.191 |
176.784 |
%20PRIVATE%20LIMITED%20-%20492567_MIRA%2017-Feb-2018_files/image010.gif)
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 |
1611.045 |
1669.738 |
1600.195 |
|
|
|
3.643 |
(4.165) |
%20PRIVATE%20LIMITED%20-%20492567_MIRA%2017-Feb-2018_files/image012.gif)
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 |
1611.045 |
1669.738 |
1600.195 |
|
Profit/ (Loss) |
(138.143) |
70.879 |
(14.225) |
|
|
(8.57
%) |
4.24
% |
(0.89
%) |
%20PRIVATE%20LIMITED%20-%20492567_MIRA%2017-Feb-2018_files/image014.gif)
LEGALS
FILE
|
Bench:-Bombay |
|
Presentation Date:- 08/02/2018 |
|||
|
Lodging No.:- |
ARBAPL/41/2018 |
Filing Date:- |
08/02/2018 |
|
Petitioner:- |
STAR PLASTO MOULD PRIVATE LIMITED |
Respondent:- |
A W FABER
CASTELL (INDIA) PRIVATE LIMITED |
|
Petn.Adv.:- |
SHWETA SHARMA (I6210) |
|
District:- |
MUMBAI |
|
Bench:- |
SINGLE |
||||
|
Status:- |
Pre-Admission |
Category:- |
ARBITRATION APPLICATIONS |
|
Act :- |
Arbitration and Conciliation Act 1996 |
Under Section:- |
11 |
|
Bench:-Bombay |
|
Presentation Date:- 19/05/2017 |
|||||||
|
Lodging No.:- |
ITXAL/1276/2017 |
Filing Date:- |
19/05/2017 |
Reg. No.:- |
ITXA/1802/2017 |
Reg. Date:- |
28/11/2017 |
|
Petitioner:- |
PR. COMMISSIONER OF INCOME TAX – 9- |
Respondent:- |
A W FABER CASTELL (INDIA) PRIVATE LIMITED |
|
Petn.Adv.:- TEJVEER SINGH MASTAN SINGH (I3678) |
|
District:- |
MUMBAI |
|
Bench:- |
DIVISION |
||||
|
Status:- |
Pre-Admission |
Category:- |
TAX APPEALS |
|
Next Date:- |
21/06/2018 |
Stage:- |
FOR ADMISSION - FRESH |
|
Coram:- |
ACCORDING TO SITTING LIST |
|
ACCORDING TO SITTING LIST |
|
Last Date:- |
08/12/2017 |
Stage:- |
FOR ADMISSION - FRESH |
|
Last Coram:- |
HON'BLE SHRI JUSTICE A.S. OKA |
|
HON'BLE SHRI JUSTICE A. K. MENON |
|
Act :- |
Income Tax Act, 1961 |
Under Section:- |
260A |
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 |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND
The Company was incorporated on 10 October 1996 as a private limited company. The Company is a subsidiary of Faber-Castell Aktiengesellschaft, Germany. The Company is engaged in manufacture and trading of stationery products such as erasers, crayons, oil pastel, poster colours and mechanical pencils.
With effect from 28 March 2014, pursuant to the purchase of the entire stake of equity shares, company has become the wholly owned subsidiary of Faber-Castell Aktiengesellschaft, Germany from that date.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Other loans and advances, others |
560.164 |
593.190 |
|
Total |
560.164 |
593.190 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G50157833 |
100115449 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
31/05/2017 |
- |
- |
4699482.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10, DLF CYBER CITY, PHASE-II, GURGAON-122002, HARYANA, INDIA |
|
2 |
G03169174 |
100025526 |
YES BANK LIMITED |
21/04/2016 |
- |
- |
1243000.0 |
9TH FLOOR, DISCOVERY OF INDIA, NEHRU CENTRE, DR. ANNIE BESANT ROAD, WORLI, MUMBAI-400018, MAHARASHTRA, INDIA |
|
3 |
G01804210 |
100020900 |
YES BANK LIMITED |
28/01/2016 |
- |
- |
1078000.0 |
9TH FLOOR, DISCOVERY OF INDIA, NEHRU CENTRE, DR. ANNIE BESANT ROAD, WORLI, MUMBAI-400018, MAHARASHTRA, INDIA |
|
4 |
C55655153 |
90077463 |
ABN AMRO BANK |
12/01/2002 |
- |
02/06/2015 |
25000000.0 |
VEER NARIMAN ROAD BRANCH, BRADY HOUSE; FORT, MUMBAI-400001, MAHARASHTRA, INDIA |
|
5 |
B59855619 |
90157012 |
CORPORATION BANK |
11/11/1998 |
30/03/2000 |
15/10/2012 |
8000000.0 |
INDUSTRIAL FINANCE BRANCH, NO - 104; BHARAT HOUSE, FORT, MUMBAI-400001, MAHARASHTRA, INDIA |
|
6 |
B57067670 |
90159996 |
DEUTSCHE BANK |
05/02/2001 |
- |
03/09/2012 |
30000000.0 |
HAZARIMAL SOMANI MARG, FORT, MUMBAI-400001, MAHARASHTRA, INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Claims against
Company not acknowledged as debts: |
|
|
|
Trademark infringement dispute with Hindustan Pencils Ltd (Pending at Delhi High Court) |
3.000 |
3.000 |
|
Income tax liability u/s 143 (3) of the Income tax Act, 1961 for AY 2010-11 |
5.325 |
5.710 |
|
Income tax liability u/s 92 CA (3) of the Income tax Act, 1961 for AY 2011-12 |
7.420 |
7.420 |
|
Income tax liability u/s 92 CA (3) of the Income tax Act, 1961 for AY 2012-13 |
10.309 |
6.082 |
|
Income tax liability u/s 92 CA (3) of the Income tax Act, 1961 for AY 2013-14 |
14.577 |
14.577 |
|
Special Civil Suit filed by M/s Vidyarthi Trading Corporation in Bhuj |
0.637 |
0.637 |
|
Star Plasto Mould Private Limited |
12.891 |
12.891 |
|
Premier Builders Private Limited – Goa (Refer note 53) |
2.483 |
0.000 |
|
Other claims against the company not acknowledged as debts |
0.000 |
0.590 |
|
Maharashtra Value
Added Tax Act, 2002 |
|
|
|
Central Sales Tax for the year 2011-12 |
1.236 |
1.236 |
|
West Bengal Value
Added Tax Act, 2005 |
|
|
|
Sales tax payable for the year 2010-11 |
0.000 |
2.489 |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Computer
Accessories
- Computer
Software
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 63.91 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.