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MIRA
INFORM REPORT
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Report No. : |
492686 |
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Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
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Name : |
KRISHNA ANTIOXIDANTS PRIVATE LIMITED (w.e.f.09.08.1996) |
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Formerly Known
As : |
KRISHNA FISCALS PRIVATE LIMITED |
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Registered
Office : |
1, Lopes Manor, Ground Floor, I.C. Colony, Borivali (West),
Mumbai-400103, Maharashtra |
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Tel. No.: |
91-22-28952367 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
08.05.1990 |
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Com. Reg. No.: |
11-056459 |
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Capital
Investment / Paid-up Capital : |
INR 20.000 Million |
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CIN No.: [Company Identification
No.] |
U65990MH1990PTC056459 |
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IEC No.: |
0398043001 |
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GST No.: |
27AAACK1793M1Z5 |
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TIN No.: |
27310000796 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACK1793M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Marketing of Specialty Chemicals. [Registered
Activity] |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum credit limit: |
USD 1103000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1990. It is manufacturing and marketing of specialty chemicals. For the financial year 2016, the company has achieved 23.37% growth in its revenue as compared to previous year revenue and has maintained average profitability margin of 3.75% during the year under review. The rating takes into consideration sound financial profile of the company by healthy net worth base along comfortable debt coverage indicators. The company has decent Earning Per Share (EPS) of INR 933.15 against the Face Value (FV) of INR.100. Rating also derives strength from company’s established track record of business. However, rating strengths are partially offset by vulnerability of company’s profitability to volatility in prices of raw materials which are crude-oil derivatives, though the short-term nature of contracts executed by the company largely enables it to pass on the fluctuations adequately to the end customer. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered good for business dealings at usual trade terms and condition. NOTE: As per Registrar of Companies, the date of balance sheet i.e. financial filed is shown as 31st March, 2017 but documents related to the financials for the year 2017 are not available from any sources. |
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long- term fund based = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
13.02.2017 |
|
Rating Agency Name |
ICRA |
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Rating |
Short- term fund based = A2 |
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Rating Explanation |
Strong degree of safety and low credit risk. |
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Date |
13.02.2017 |
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 19.02.2018
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 DECLINED
MANAGEMENT NON-COOPERATIVE [91-22-28952367/ 28942892]
LOCATIONS
|
Registered Office : |
1, Lopes Manor, Ground Floor, I.C. Colony, Borivali (West),
Mumbai-400103, Maharashtra, India |
|
Tel. No.: |
91-22-28952367/ 28942892/ 28942213/ 28952365/ 66 |
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Fax No.: |
91-22-28910320/ 28935071 |
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E-Mail : |
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Website : |
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Factory : |
Plot No. A-13, Gane Khadpoli, MIDC, Taluka Chiplun, District Ratnagiri-415603,
Maharashtra, India |
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Corporate Office
: |
107-108, 1st Floor, Raheja Plaza, Shah Industrial Estate,
Opposite Yashraj Studios, Veera Desai Road, Andheri (West), Mumbai – 400 058,
Maharashtra, India |
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Tel. No.: |
91-22-40904100 |
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Fax No.: |
91-22-40904101 |
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Other Factories : |
Located at : · Vasai · Dombivali · Dahej · Lote |
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Branch Office 1 : |
Floor 10, Office No: 1003, Krishna Antioxidants Private Limited, WTT, Opposite Noida Sector 16 Metro Station. Gautam Buddha Nagar, Noida-201306, Uttar Pradesh, India |
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Branch Office 2 : |
DK 1208, DLF Galleria
Mall, Action Area, Newtown Rajarhat, Kolkata – 700156, |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Krishnagopal Hariprasad Gupta |
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Designation : |
Wholetime Director |
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Address : |
Jeevan Aradhna, A-6/ 53-58 Jeevan Bima Nagar, Boriwali (West), Mumbai-400103, Maharashtra, India |
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Date of Birth/Age : |
04.06.1940 |
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Qualification : |
BSC (TECH) |
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Date of Appointment : |
08.05.1990 |
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PAN No.: |
AEZPG2623L |
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DIN No.: |
01337454 |
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Name : |
Mr. Anil Hariprasad Gupta |
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Designation : |
Wholetime Director |
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Address : |
901 - 902, Serenity Heights, Mind Space, Malad Link Road, Malad (West), Mumbai-400064, Maharashtra, India |
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Date of Birth/Age : |
23.11.1950 |
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Qualification : |
Chartered Accountant |
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Date of Appointment : |
08.05.1990 |
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PAN No.: |
AEPPG8000F |
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DIN No.: |
01363167 |
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KEY EXECUTIVES
|
Name : |
Mr. Dhiraj Krishna Gupta |
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Designation : |
Manager |
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Address : |
Jeevan Aradhana, A-6/53-58, Jeevan Bima Nagar, Borivali (West), Mumbai-400103, Maharashtra, India |
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Date of Birth/Age : |
06.08.1968 |
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Qualification : |
BE/ MBA/ MSC |
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Date of Appointment : |
01.04.2006 |
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PAN No.: |
AEMPG9544F |
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Name : |
Mr. Mitul Krishnagopal Gupta |
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Designation : |
Manager |
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Address : |
A-6/1, Jeevanaradhana Jeevan Bima Nagar, Borivali (West), Mumbai-400103, Maharashtra, India |
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Date of Birth/Age : |
21.11.1970 |
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Qualification : |
BA/ SOFTWARE ENGG (NIIT)/ DIPLOMA IN BM |
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Date of Appointment : |
01.04.2008 |
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PAN No.: |
AADPG2772L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Krishna H Gupta |
95000 |
47.50 |
|
Anil H Gupta |
87000 |
43.50 |
|
Veena A Gupta |
13000 |
6.50 |
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Mitul K Gupta |
5000 |
2.50 |
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|
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Total |
200000 |
100.00 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Marketing of Specialty Chemicals. [Registered
Activity] |
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Products : |
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Brand Names : |
“CRISTOL” |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
Not Divulged |
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Bankers : |
Nehru Centre, 9th Floor, Discovery Of India, Dr. A. B. Road, Worli, Mumbai-400018, Maharashtra, India
Mount Poinsur Branch I.C. Colony, Church Compound, Borivali (West), Mumbai-400103, Maharashtra, India
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
U.B. Shah and Company Chartered Accountants |
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Address : |
Mumbai, Maharashtra, India |
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PAN No.: |
AADPS8007Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives |
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CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000
Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
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|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
20.000 |
20.000 |
20.000 |
|
(b) Reserves and Surplus |
366.045 |
322.384 |
240.944 |
|
(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) |
386.045 |
342.384 |
260.944 |
|
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(3)
Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
123.893 |
113.672 |
91.850 |
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(b) Deferred tax liabilities (Net) |
27.025 |
5.866 |
1.650 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
150.918 |
119.538 |
93.500 |
|
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(4)
Current Liabilities |
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|
|
|
(a) Short-term
borrowings |
279.953 |
285.490 |
308.662 |
|
(b) Trade
payables |
422.696 |
254.138 |
279.530 |
|
(c) Other
current liabilities |
161.254 |
23.825 |
17.978 |
|
(d) Short-term
provisions |
40.212 |
19.768 |
12.986 |
|
Total Current
Liabilities (4) |
904.115 |
583.221 |
619.156 |
|
|
|
|
|
|
TOTAL |
1441.078 |
1045.143 |
973.600 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
305.776 |
311.790 |
153.247 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
4.681 |
1.008 |
31.283 |
|
(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 |
1.000 |
1.000 |
10.275 |
|
(e) Other
Non-current assets |
1.320 |
1.320 |
1.320 |
|
Total Non-Current
Assets |
312.777 |
315.118 |
196.125 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
235.166 |
218.722 |
209.176 |
|
(c) Trade
receivables |
543.370 |
234.382 |
323.576 |
|
(d) Cash and
bank balances |
117.042 |
122.642 |
90.426 |
|
(e)
Short-term loans and advances |
232.723 |
154.279 |
154.297 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1128.301 |
730.025 |
777.475 |
|
|
|
|
|
|
TOTAL |
1441.078 |
1045.143 |
973.600 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2448.277 |
1984.509 |
1977.521 |
|
|
Other Income |
11.638 |
50.671 |
21.872 |
|
|
TOTAL |
2459.915 |
2035.180 |
1999.393 |
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1688.151 |
1489.556 |
1495.894 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
49.649 |
(32.807) |
15.194 |
|
|
Employee benefit expense |
151.116 |
116.633 |
92.178 |
|
|
CSR expenditure |
4.046 |
1.200 |
0.000 |
|
|
Other expenses |
298.982 |
239.111 |
192.844 |
|
|
Exceptional items before tax |
(0.012) |
0.428 |
1.432 |
|
|
TOTAL |
2191.932 |
1814.121 |
1797.542 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
267.983 |
221.059 |
201.851 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
36.101 |
49.794 |
24.484 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
231.882 |
171.265 |
177.367 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
45.251 |
42.756 |
19.899 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
186.631 |
128.509 |
157.468 |
|
|
|
|
|
|
|
Less |
TAX |
94.770 |
46.447 |
52.066 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
91.861 |
82.062 |
105.402 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1589.352 |
1294.079 |
1383.670 |
|
|
TOTAL EARNINGS |
1589.352 |
1294.079 |
1383.670 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
663.817 |
429.440 |
580.162 |
|
|
TOTAL IMPORTS |
663.817 |
429.440 |
580.162 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
933.15 |
642.54 |
787.34 |
|
|
Diluted |
459.30 |
410.31 |
527.01 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
152.366 |
239.300 |
220.643 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
83.980 |
214.487 |
164.932 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
81.01 |
43.11 |
59.72 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.51 |
8.47 |
6.11 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
91.39 |
62.27 |
68.21 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.14 |
1.01 |
0.96 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.86 |
0.71 |
1.09 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.71 |
0.67 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.05 |
1.17 |
1.53 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.34 |
1.70 |
2.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.80 |
0.91 |
0.71 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
7.42 |
4.44 |
8.24 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.75 |
4.14 |
5.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.37 |
7.85 |
10.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
23.80 |
23.97 |
40.39 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.25 |
1.25 |
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.99 |
0.88 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.27 |
0.33 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
20.19 |
19.96 |
20.03 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.25 |
1.25 |
1.26 |
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
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
20.000 |
20.000 |
20.000 |
|
Reserves & Surplus |
240.944 |
322.384 |
366.045 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
260.944 |
342.384 |
386.045 |
|
|
|
|
|
|
long-term borrowings |
91.850 |
113.672 |
123.893 |
|
Short term borrowings |
308.662 |
285.490 |
279.953 |
|
Current Maturities of Long
term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
400.512 |
399.162 |
403.846 |
|
Debt/Equity
ratio |
1.535 |
1.166 |
1.046 |
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 |
1977.521 |
1984.509 |
2448.277 |
|
|
|
0.353 |
23.369 |
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 |
1977.521 |
1984.509 |
2448.277 |
|
Profit/ (Loss) |
105.402 |
82.062 |
91.861 |
|
|
5.33% |
4.14% |
3.75% |
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 |
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G36513448 |
100078945 |
YES BANK LIMITED |
25/01/2017 |
- |
- |
335000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA,DR. A. B. ROAD, WORLI,MUMBAIMH400018IN |
|
2 |
G34729368 |
100074979 |
BANK OF BARODA |
13/01/2017 |
- |
- |
30000000.0 |
MOUNT POINSUR BRANCHI. C. COLONY, CHURCH COMPOUND, BORIVALI (WEST)MUMBAIMH400103IN |
|
3 |
G19352772 |
10590425 |
KOTAK MAHINDRA BANK LIMITED |
20/08/2015 |
19/09/2016 |
- |
380000000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
4 |
A19622984 |
10061206 |
BANK OF BARODA |
21/07/2007 |
- |
- |
16700000.0 |
MOUNT POINSURBORIVALI WEST BRANCHMUMBAIMH400003IN |
|
5 |
A01259274 |
10005420 |
BANK OF BARODA |
02/05/2006 |
- |
- |
10000000.0 |
MOUNT POISAR BRANCH BORIVALI WESTMUMBAIMH400103IN |
|
6 |
A01258995 |
10005489 |
BANK OF BARODA |
02/05/2006 |
- |
- |
10000000.0 |
BANK OF BARODA I.C. COLONYMOUNT POISAR BRANCH BORIVALI WESTMUMBAIMH400103IN |
|
7 |
G41990300 |
80022779 |
BANK OF BARODA |
11/02/2006 |
07/04/2017 |
- |
630000000.0 |
MOUNT POINSUR BRANCHI. C. COLONY, CHURCH COMPOUND, BORIVALI (WEST)MUMBAIMH400103IN |
|
8 |
Y10254661 |
90154891 |
BANK OF BARODA |
16/02/2005 |
- |
- |
5000000.0 |
MOUNT POINSUR BRANCHI.C. COLONY; BORIVALIMUMBAIMHIN |
|
9 |
Y10253845 |
90154075 |
BANK OF BARODA |
29/11/2004 |
- |
- |
19750000.0 |
MOUNT POINSUR BRANCHI.C. COLONY; BORIVALIMUMBAIMH400103IN |
|
10 |
Y10253804 |
90154034 |
BANK OF BARODA |
12/04/2004 |
- |
- |
8000000.0 |
MOUNT POINSUR BRANCHI.C. COLONY; BORIVALIMUMBAIMHIN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deferred sales tax loan |
0.851 |
1.691 |
|
Loans and advances from directors |
110.275 |
83.225 |
|
Loans and advances from others |
10.867 |
28.756 |
|
Other loans and advances |
1.900 |
0.000 |
|
|
|
|
|
Total |
123.893 |
113.672 |
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Guarantees |
180.841 |
88.794 |
|
Estimated amount of contracts remaining to be
executed on capital account and not provided for |
13.485 |
0.062 |
GENERAL INFORMATION
Subject is domiciled in India. The company is engaged in the business of manufacturing and marketing of specialty chemicals under the brand name of Cristol.
STATE OF COMPANY'S
AFFAIRS AND FUTURE OUTLOOK
The Company has reported total income of INR 2459.915 Million during the current year as compare to INR 2035.180 Million in the previous year. The net profit for the year amounted to INR 91.861 in the current year as compare to INR 82.062 Million in the previous year.
The highlights
of the Company's performance are as under:-
- Revenue from operations is – INR 2448.277 Million
- Other Income is INR 11.638 Million
- Net Profit for the year is INR 91.861 Million
- Earnings per share (basic) is INR 933.15/- Million
FIXED ASSETS:
- Land
- Buildings
- Office building
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.91 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RUP |
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.
·