|
|
|
MIRA INFORM REPORT
|
Report No. : |
492590 |
|
Report Date : |
17.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SPECTRUM DYES AND CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
301, Acme Plaza, Andheri Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra |
|
Mobile No.: |
91-9824589088 [Mr. Kutty] |
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|
|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2016 |
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|
|
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Date of
Incorporation : |
06.09.1989 |
|
|
|
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Com. Reg. No.: |
11-176088 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
INR 140.365 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1989PTC176088 |
|
|
|
|
IEC No.: |
0891002316 |
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|
GSTIN No.: |
24AADCS3979A1ZH |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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|
|
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PAN No.: [Permanent Account No.] |
AADCS3979A |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Supplier and Exporter of Disperse Dyes and Intermediates.
(Registered Activity and also Confirmed by management) |
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|
|
|
No. of Employees
: |
500 (Approximately) |
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 |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 1989 and it is engaged in manufacturing and exporting of disperse dyes and intermediates. It is an established company having fine track records.
|
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 |
CARE |
|
Rating |
Long Term Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
28.12.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short-Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
28.12.2017 |
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 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 PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Kutty |
|
Designation : |
Senior Executive Export |
|
Contact No.: |
91-9824589088 |
|
Date: |
16.02.2018 |
LOCATIONS
|
Registered Office/ Factory 1 : |
301, Acme Plaza, Andheri Kurla Road, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9824102590 (Mr. Yogesh Ramavtar Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office/Factory 2 : |
Block No. 484/502/503/504, National Highway No. 8, Palsana, Surat -
394315, Gujarat, India |
|
Tel. No.: |
91-2622-264259 |
|
Fax No.: |
91-2622-264615 |
|
Area : |
50000 sq. mts. |
|
Location : |
Owned |
DIRECTORS
AS ON 2017
|
Name : |
Mr. Mahendra Kumar Chawdhary |
|
Designation : |
Director |
|
Address : |
6/B, Rudrraj Apartment, Athwalines, Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
09.06.1958 |
|
Qualification : |
Mechanical Engineer |
|
Date of Appointment : |
01.04.2004 |
|
PAN No.: |
ACCPC4066N |
|
DIN No.: |
00193199 |
|
|
|
|
Name : |
Mr. Yogesh Ramavtar Gupta |
|
Designation : |
Director |
|
Address : |
602, Solitaire Apartment, Brijwasi Complex, Parle Point, Surat-395007,
Gujarat, India |
|
Date of Birth/Age : |
10.03.1969 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
25.06.1991 |
|
PAN No.: |
ABTPG1944R |
|
DIN No.: |
00193245 |
|
|
|
|
Name : |
Mr. Anveep Bansal |
|
Designation : |
Director |
|
Address : |
7th Floor, Flat No.701 (Old), A-1 (New), Solitaire Building
Tower -4, Brijwasi Estate, Opposite Umrigar School, Parle Point,
Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
12.05.1972 |
|
Qualification : |
Chemical Engineer |
|
Date of Appointment : |
06.08.1998 |
|
PAN No.: |
ACNPB6804G |
|
DIN No.: |
00193320 |
|
|
|
|
Name : |
Mr. Hardat Singh Tarar |
|
Designation : |
Director |
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Address : |
B-502-03, N.H. No. 8, Palsana, Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
12.03.1959 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
23.08.2002 |
|
PAN No.: |
AATPT7352F |
|
DIN No.: |
00193378 |
KEY EXECUTIVES
|
Name : |
Jainam N Shah and Company |
|
Designation : |
Company Secretaries |
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Mobile No.: |
91-9825390282 |
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Email: |
|
|
|
|
|
Name : |
Mr. Kutty |
|
Designation : |
Senior Executive Export |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
Note: SHAREHOLDERS DETAILS FILES ATTACHED
AS ON 30.09.2016
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
9.43 |
|
Promoters – [Bodies corporate] |
5.50 |
|
Public/Other than promoters – [Individual/Hindu Undivided Family – Indian] |
0.00427457 |
|
Public/Other than promoters -[Bodies corporate] |
85.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier and Exporter of Disperse Dyes and Intermediates.
(Registered Activity and also Confirmed by management) |
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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 : |
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Products : |
Finished goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cheque and Credit/ NEFT |
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Purchasing : |
Cheque and Credit/ NEFT |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users, OEMs and Manufacturers
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No. of Employees : |
500 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Pradeep Singhi and Associates Chartered Accountants |
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Address : |
A-501, President Plaza, RTO Circle, Ring Road, Surat – 395001,
Gujarat, India |
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Tel. No.: |
91-261-2474714/ 2474954 |
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PAN No.: |
ADRPS1701L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other Related Parties : [As On 31.03.2016] |
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CAPITAL STRUCTURE
After 30.09.2016
Authorised Capital : INR 150.000 Million
Issued, Subscribed & Paid-up Capital : INR 145.567
Million
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
INR 1000/- each |
INR 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
140365 |
Equity Shares |
INR 1000/- each |
INR 140.365 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
140.365 |
140.365 |
136.417 |
|
(b) Reserves &
Surplus |
1023.876 |
888.994 |
767.783 |
|
(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) |
1164.241 |
1029.359 |
904.200 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
458.210 |
137.794 |
113.892 |
|
(b) Deferred tax
liabilities (Net) |
91.660 |
63.107 |
68.968 |
|
(c) Other long term
liabilities |
9.500 |
9.500 |
9.500 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
559.370 |
210.401 |
192.360 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1047.199 |
894.607 |
807.479 |
|
(b) Trade payables |
518.995 |
473.020 |
493.726 |
|
(c) Other current
liabilities |
290.074 |
288.890 |
254.797 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
1856.268 |
1656.517 |
1556.002 |
|
|
|
|
|
|
TOTAL |
3579.879 |
2896.277 |
2652.562 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1013.181 |
645.036 |
675.677 |
|
(ii) Intangible Assets |
0.012 |
0.025 |
0.039 |
|
(iii) Capital
work-in-progress |
211.915 |
149.735 |
38.852 |
|
(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 Loan and Advances |
20.822 |
20.855 |
18.354 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1245.930 |
815.651 |
732.922 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
43.327 |
44.215 |
47.815 |
|
(b) Inventories |
1173.465 |
806.756 |
790.981 |
|
(c) Trade receivables |
943.827 |
939.668 |
963.731 |
|
(d) Cash and cash
equivalents |
13.272 |
73.341 |
43.601 |
|
(e) Short-term loans and
advances |
31.675 |
12.771 |
8.987 |
|
(f) Other current assets |
128.383 |
203.875 |
64.525 |
|
Total Current Assets |
2333.949 |
2080.626 |
1919.640 |
|
|
|
|
|
|
TOTAL |
3579.879 |
2896.277 |
2652.562 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
3636.136 |
3756.883 |
3390.619 |
|
|
Other Income |
1.612 |
1.645 |
15.454 |
|
|
TOTAL |
3637.748 |
3758.528 |
3406.073 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2644.762 |
2427.423 |
2372.349 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(405.497) |
98.877 |
(93.030) |
|
|
Employees benefits
expense |
272.859 |
229.462 |
127.986 |
|
|
CSR expenditure |
3.206 |
7.400 |
0.000 |
|
|
Other expenses |
691.010 |
642.547 |
659.742 |
|
|
TOTAL |
3206.340 |
3405.709 |
3067.047 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
431.408 |
352.819 |
339.026 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
132.587 |
107.334 |
125.430 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
298.821 |
245.485 |
213.596 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
115.981 |
88.731 |
86.518 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
182.840 |
156.754 |
127.078 |
|
|
|
|
|
|
|
Less |
TAX |
47.958 |
54.815 |
36.832 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
134.882 |
101.939 |
90.246 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
556.340 |
457.356 |
367.11 |
|
|
|
|
|
|
|
|
Other Deductions To Reserves |
0.000 |
2.955 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
691.222 |
556.340 |
457.356 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
395.275 |
494.757 |
284.220 |
|
|
TOTAL EARNINGS |
395.275 |
494.757 |
284.220 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1056.222 |
1073.489 |
1041.188 |
|
|
Capital goods Stores and
Spare Parts |
52.273 |
6.474 |
2.957 |
|
|
TOTAL IMPORTS |
1108.495 |
1079.963 |
1044.145 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
960.93 |
743.84 |
661.55 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
55.407 |
71.059 |
140.400 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
213.614 |
211.996 |
187.753 |
|
Net cash flows from (used in) operating activities |
154.485 |
175.831 |
160.330 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
94.74 |
91.29 |
103.75 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
3.85 |
4.00 |
3.52 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
84.60 |
68.34 |
79.06 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.37 |
0.44 |
0.43 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.35 |
0.44 |
0.47 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.66 |
0.64 |
0.64 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.33 |
1.06 |
1.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.59 |
1.61 |
1.72 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.05 |
0.77 |
0.79 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.25 |
3.29 |
2.70 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
3.71 |
2.71 |
2.66 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.77 |
3.52 |
3.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
11.59 |
9.90 |
9.98 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.26 |
1.26 |
1.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.63 |
0.77 |
0.73 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.33 |
0.36 |
0.34 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
11.07 |
7.75 |
7.02 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.26 |
1.26 |
1.23 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
136.417 |
140.365 |
140.365 |
|
Reserves & Surplus |
767.783 |
888.994 |
1023.876 |
|
Net
worth |
904.200 |
1029.359 |
1164.241 |
|
|
|
|
|
|
Long Term borrowings |
113.892 |
137.794 |
458.210 |
|
Short Term borrowings |
807.479 |
894.607 |
1047.199 |
|
Current Maturities of Long term debt |
140.400 |
71.059 |
55.407 |
|
Total
borrowings |
1061.771 |
1103.460 |
1560.816 |
|
Debt/Equity
ratio |
1.174 |
1.072 |
1.341 |
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
|
3390.619 |
3756.883 |
3636.136 |
|
|
|
10.802 |
(3.214) |
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
|
3390.619 |
3756.883 |
3636.136 |
|
Profit |
90.246 |
101.939 |
134.882 |
|
|
2.66% |
2.71% |
3.71% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
Yes |
|
34 |
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 |
|
|
|
Intercorporate borrowings |
169.400 |
0.000 |
|
Loans and advances from related parties |
30.300 |
0.000 |
|
Total |
199.700 |
0.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G69558377 |
100138845 |
KOTAK MAHINDRA BANK LIMITED |
06/11/2017 |
- |
- |
220000000.0 |
27 BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI – 400051, MAHARASHTRA, INDIA |
|
2 |
C75865063 |
10594017 |
BANK OF BARODA |
11/04/2015 |
23/12/2015 |
- |
1454100000.0 |
MID CORPORATE BRANCH, 2ND FLOOR, BARODA SUN COMPLEX, GHOD DOD ROAD, SURAT – 395009, GUJARAT, INDIA |
|
3 |
C50596527 |
10562680 |
CANARA BANK |
21/01/2015 |
- |
- |
640000000.0 |
3RD FLOOR, VANKAR SANGH BUILDING, OPPOSITE RESSHAMWALA MARKET, RING ROAD, SURAT – 395003, GUJARAT, INDIA |
|
4 |
G06277057 |
10346585 |
STATE BANK OF INDIA |
04/04/2012 |
18/06/2016 |
- |
583800000.0 |
INDUSTRIAL FINANCE BRANCHMID TOWN HEIGHTS, JETAL PUR ROAD, VADODARA – 390007, GUJARAT, INDIA |
|
5 |
B33521527 |
10338783 |
ICICI BANK LIMITED |
29/02/2012 |
- |
- |
44500000.0 |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, VADODAR – 390015, GUJARAT, INDIA |
|
6 |
G07352859 |
10127824 |
STATE BANK OF INDIA |
04/11/2008 |
18/06/2016 |
- |
1773800000.0 |
INDUSTRIAL FINANCE BRANCH3RD AND 4TH FLOOR, MID TOWN HEIGHTS, JETALPUR ROAD, VADODARA – 390007, GUJARAT, INDIA |
|
7 |
G51988913 |
10123646 |
BANK OF BARODA |
02/09/2008 |
01/08/2017 |
- |
1290000000.0 |
MID CORPORATE BRANCH, 2ND FLOOR, BARODA SUN COMPLEX, GHOD DOD ROAD, SURAT – 395009, GUJARAT, INDIA |
|
8 |
B02281210 |
10043276 |
STATE BANK OF INDIA |
02/03/2007 |
28/12/2010 |
- |
536100000.0 |
MID CORPORATE BRANCH, 2ND FLOOR, BARODA SUN COMPLEX, GHOD DOD ROAD, SURAT – 395009, GUJARAT, INDIA |
|
9 |
G69922938 |
10610193 |
CANARA BANK |
04/12/2015 |
- |
14/11/2017 |
115000000.0 |
3RD FLOOR, VANKAR SANGH BUILDING, OPPOSITE RESSHAMWALA MARKET, RING ROAD, SURAT – 395003, GUJARAT, INDIA |
|
10 |
G15844384 |
10560444 |
STATE BANK OF INDIA |
05/02/2015 |
30/12/2015 |
06/10/2016 |
606300000.0 |
MID CORPORATE GROUP INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE COURSE CIRCLE, VADODARA – 390007, GUJARAT, INDIA |
FIXED ASSETS:
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
Intangible Assets
· Brands and Trade Marks
· Trade Marks
· Mastheads and Publishing Titles
· Mining rights
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 80.17 |
|
Euro |
1 |
INR 90.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
ASK |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
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.