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%20PRIVATE%20LIMITED%20-%20492866_MIRA%2019-Feb-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20492866_MIRA%2019-Feb-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20492866_MIRA%2019-Feb-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
492866 |
|
Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
VIPUL CHEMICALS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. C-62/1, TTC Industrial Area, Turbhe MIDC, Navi Mumbai-400705,
Maharashtra |
|
Tel. No.: |
91- 22-27781511 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
24.09.1999 |
|
|
|
|
Com. Reg. No.: |
11-121912 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 31.800 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1999PTC121912 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEV10684C / MUMV18931D |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACV8512B1ZM |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV8512B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Speciality Chemicals. (Registered Activity and also
Confirmed by management) |
|
|
|
|
No. of Employees
: |
75 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1999 and it is a manufacturer of
specialty chemicals. As per financial of March 2017, the company has registered growth of 18.95%
in its revenue as compared to its previous year’s revenue and has reported
average profit margin of 1.63%. Rating takes into consideration the company’s established track record
of business operations marked by sound net worth base along with average debt
coverage indicators and decent liquidity position. Rating also takes into account the extensive industry experience of
the promoters and above average financials risk profile. Further, the company has reported earnings per share of INR 28.84 against
its face value of INR 100. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
22.12.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
22.12.2017 |
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 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 PARTED BY
|
Name : |
Mr. Umesh Tripathi |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-27781511 |
|
Date : |
17.02.2018 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Plot No. C-62/1, TTC Industrial Area, Turbhe MIDC, Navi Mumbai-400705,
Maharashtra, India |
|
Tel. No.: |
91- 22-27781511 |
|
Mobile No.: |
91-9324080771 (Mr. Umesh Tripathi) |
|
Fax No.: |
91-22-27781500/27781509 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality: |
Industrial |
|
|
|
|
Factory 2 : |
C-53 and C-53/1, TTC Industrial Area, Turbhe, Navi Mumbai –
400705,
Maharashtra, India. |
|
Area : |
5300 sq.m |
|
Location : |
Owned |
|
|
|
|
Factory 3: |
Unit No.26, Building No.2(A-3), Sector-1,Millennium Business Park, TTC
Industrial Area, Mhape, Navi Mumbai - 400705, Maharashtra, India |
|
Tel. No.: |
91-22-27781511 / 27781827 |
|
Fax No.: |
91-22-27781509 |
|
|
|
|
Branch office : |
Gala No. 113, Building No. 2, Sector 3, Millenium Business Park,
Mahape, Navi Mumbai – 400701, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Laxman Vithu Kadam |
|
Designation : |
Managing Director |
|
Address : |
Raheja Gardens, Ascona Building, B Wing, Flat No. 1203, LBS Marg,
Thane – 400604, Maharashtra, India |
|
Date of Birth/Age : |
17.06.1963 |
|
Date of Appointment : |
24.09.1999 |
|
DIN No.: |
01240530 |
|
|
|
|
Name : |
Mr. Ramchandra Vithu Kadam |
|
Designation : |
Director |
|
Address : |
Raheja Gardens, Ascona Building, B Wing, Flat No. 1204, LBS Marg,
Thane – 400604, Maharashtra, India |
|
Date of Birth/Age : |
17.06.1963 |
|
Date of Appointment : |
24.09.1999 |
|
DIN No.: |
01392585 |
|
|
|
|
Name : |
Mr. Vijay Vithu Kadam |
|
Designation : |
Director |
|
Address : |
E G-3, Govind Dham, Mumbai Pune Road, Kalwa, Thane – 400605,
Maharashtra, India |
|
Date of Birth/Age : |
15.12.1956 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
02538041 |
|
|
|
|
Name : |
Mr. Vipul Laxman Kadam |
|
Designation : |
Director |
|
Address : |
Flat No.1203/1204, A Wing, Garden LBS Marg, Thane – 400604,
Maharashtra, India |
|
Date of Birth/Age : |
25.03.1991 |
|
Date of Appointment : |
29.09.2009 |
|
DIN No.: |
02791925 |
|
|
|
|
Name : |
Ms. Sunita Ramchandra Kadam |
|
Designation : |
Director |
|
Address : |
Raheja Gardens, Ascona Building, B Wing, Flat No-1203/1204, L.B.S. Marg, Thane-400604, Maharashtra, India |
|
Date of Appointment : |
30.09.2015 |
|
DIN No.: |
07088570 |
|
|
|
|
Name : |
Ms. Jyotsna laxman kadam |
|
Designation : |
Director |
|
Address : |
Raheja Gardens, Ascona Building, B Wing, Flat No-1203/1204, L.B.S. Marg, Thane-400604, Maharashtra, India |
|
Date of Appointment : |
30.09.2015 |
|
DIN No.: |
07088608 |
|
|
|
|
Name : |
Ms. Vrushali Laxman Kadam |
|
Designation : |
Director |
|
Address : |
Raheja Garden, Ascona A/1203, L. B. S. Marg, Thane West, Wagle Thane - 400604, Maharashtra, India |
|
Date of Appointment : |
02.01.2016 |
|
DIN No.: |
07363999 |
KEY EXECUTIVES
|
Name : |
Mr. Umesh Tripathi |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Laxman Vithu Kadam |
|
154999 |
|
Ramchandra Vithu Kadam |
|
158999 |
|
Vipul Laxman Kadam |
|
2000 |
|
Vrushali Laxman Kadam |
|
2000 |
|
Shamkant Hajare |
|
1 |
|
Sharda Hajare |
|
1 |
|
Total |
|
318000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20492866_MIRA%2019-Feb-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Speciality Chemicals. (Registered Activity and also
Confirmed by management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
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Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
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||||
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Terms : |
|
||||
|
Selling : |
Advance Payment, L/C, Cheque (30 / 60 Days) |
||||
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|
||||
|
Purchasing : |
Advance Payment, L/C, Cheque (30 / 60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Tamilnadu Paper Mills Limited · Apcotex Industries Limited · Chinmay Enterprises · Jupiter Electronics · Mitsu Chem Private Limited · Modern Hardware Stores · Sagar Chemicals · Sumit Bearings · Nisha Chemicals · Hari Om Paper Traders
|
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|
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|
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|
Customers : |
Retailers and End Users · Bilt Graphic Paper Products Limited · Ankit Enterprises · Rahul Enterprises · Sai Trading · ITC Limited · Ballarpur Industries Limited · Balkrishna Paper Mills Limited · Papchem · Laxmi Board and Paper Mills Limited
|
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|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
75 (Approximately) |
|||||||||||||||||||||||||||||||||
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Bankers : |
|
|||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Thakur Naik and Deo Chartered Accountants |
|
Address : |
Shanti Cottage, Thakur Blocks, 2nd Floor, Above Suvidha Stores,
Gokhale Road, Naupada, Thane- 400602, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFT7201J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Parties : |
· Alfa Carbonless Paper Manufacturing Company Private Limited · Larkad Paper Industries Private Limited |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
INR 100/- each |
INR 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
318000 |
Equity Shares |
INR 100/- each |
INR 31.800 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 |
31.800 |
31.800 |
25.000 |
|
(b) Reserves & Surplus |
69.148 |
59.978 |
61.897 |
|
(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) |
100.948 |
91.778 |
86.897 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
142.184 |
115.902 |
139.387 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
142.184 |
115.902 |
139.387 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
130.381 |
151.122 |
127.152 |
|
(b) Trade payables |
48.068 |
38.167 |
63.912 |
|
(c) Other current liabilities |
12.061 |
16.937 |
23.369 |
|
(d) Short-term provisions |
6.202 |
2.598 |
2.805 |
|
Total
Current Liabilities (4) |
196.712 |
208.824 |
217.238 |
|
|
|
|
|
|
TOTAL |
439.844 |
416.504 |
443.522 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
|
|
(ii) Intangible Assets |
192.904 |
212.333 |
235.257 |
|
(iii) Capital work-in-progress |
0.011 |
0.023 |
0.010 |
|
(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) |
4.872 |
3.226 |
1.277 |
|
(d) Long-term Loan and Advances |
1.808 |
1.735 |
1.585 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
199.595 |
217.317 |
238.129 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
155.800 |
125.419 |
116.285 |
|
(c) Trade receivables |
61.337 |
60.761 |
75.835 |
|
(d) Cash and cash equivalents |
19.847 |
8.544 |
9.542 |
|
(e) Short-term loans and
advances |
3.265 |
4.463 |
3.731 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
240.249 |
199.187 |
205.393 |
|
|
|
|
|
|
TOTAL |
439.844 |
416.504 |
443.522 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
563.075 |
473.380 |
549.422 |
|
|
Other Income |
8.099 |
6.393 |
3.502 |
|
|
TOTAL
|
571.174 |
479.773 |
552.924 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
390.651 |
334.939 |
420.919 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
8.559 |
7.848 |
(16.459) |
|
|
Employees benefits expense |
29.859 |
22.137 |
19.708 |
|
|
Audit Fees |
0.175 |
0.175 |
0.263 |
|
|
Exceptional Items |
(4.294) |
(0.379) |
(0.003) |
|
|
Other expenses |
87.779 |
62.668 |
73.725 |
|
|
TOTAL |
512.729 |
427.388 |
498.153 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
58.445 |
52.385 |
54.771 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
21.190 |
26.252 |
30.526 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
37.255 |
26.133 |
24.245 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
26.259 |
29.926 |
35.034 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
10.996 |
(3.793) |
(10.789) |
|
|
|
|
|
|
|
Less |
TAX |
1.826 |
(1.874) |
(3.230) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
9.170 |
(1.919) |
(7.559) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
59.978 |
61.897 |
69.434 |
|
|
|
|
|
|
|
Add |
Transfer
to Reserve / Depreciation Effect |
0.000 |
0.000 |
0.022 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
69.148 |
59.978 |
61.897 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
28.84 |
(6.04) |
(30.24) |
Expected Sales (2017-2018) : INR 500.000 Million (Due to market
fluctuation)
The above information has been parted by Mr. Umesh Tripathi (Account
Manager)
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 |
8.809 |
45.584 |
45.584 |
|
Net cash flow from operating activity |
8.809 |
45.480 |
45.480 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
39.76 |
46.85 |
50.38 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
9.18 |
7.79 |
7.24 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
44.91 |
41.59 |
55.42 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.38 |
0.42 |
0.47 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.30 |
0.25 |
0.23 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.77 |
0.78 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.70 |
2.91 |
3.07 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
1.95 |
2.28 |
2.50 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.91 |
2.31 |
2.71 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.76 |
2.00 |
1.79 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.63 |
(0.41) |
(1.38) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.08 |
(0.46) |
(1.70) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
9.08 |
(2.09) |
(8.70) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.22 |
0.95 |
0.95 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.43 |
0.35 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.23 |
0.22 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
8.57 |
8.40 |
10.66 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.22 |
0.95 |
0.95 |
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 |
25.000 |
31.800 |
31.800 |
|
Reserves & Surplus |
61.897 |
59.978 |
69.148 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
86.897 |
91.778 |
100.948 |
|
|
|
|
|
|
Long Term borrowings |
139.387 |
115.902 |
142.184 |
|
Short Term borrowings |
127.152 |
151.122 |
130.381 |
|
Total
borrowings |
266.539 |
267.024 |
272.565 |
|
Debt/Equity
ratio |
3.067 |
2.909 |
2.700 |
%20PRIVATE%20LIMITED%20-%20492866_MIRA%2019-Feb-2018_files/image022.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
|
549.422 |
473.380 |
563.075 |
|
|
|
(13.840) |
18.948 |
%20PRIVATE%20LIMITED%20-%20492866_MIRA%2019-Feb-2018_files/image024.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
|
549.422 |
473.380 |
563.075 |
|
Profit
/ (Loss) |
(7.559) |
(1.919) |
9.170 |
|
|
(1.38%) |
(0.41%) |
1.63% |
%20PRIVATE%20LIMITED%20-%20492866_MIRA%2019-Feb-2018_files/image026.gif)
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 |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: The registered address
of the company has been shifted from Gala No. 113, Building No. 2, Sector – 3,
Millenium Business Park, Mahape, Navi Mumbai – 400701, Maharashtra, India to
the present address.
STATE OF THE
COMPANY’S AFFAIRS:
The Company has earned profit of INR 9.170 Million in the current
financial year as compared to loss of INR 1.919 Million for the last year.
Looking into demands, the Directors are confident of getting more business in
the year. Company will also focus in other segments which will support to boost
the business growth and increase the turnover and the shareholder value in the
coming years.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term Borrowings |
|
|
|
Loans and
Advances from related parties : |
|
|
|
Laxman Vithu Kadam |
43.727 |
23.727 |
|
Ramchandra Vithu Kadam |
44.884 |
29.984 |
|
Vipul Laxman Kadam |
0.040 |
0.040 |
|
Loan from
Shareholders, Relatives and Others : |
|
|
|
S.D. Hajare (Rate of Interest 18%) |
0.000 |
0.800 |
|
S.S. Hajare (Rate of Interest 18%) |
1.200 |
1.200 |
|
Larkad Paper Industries Private Limited (Rate of Interest 3%) |
37.846 |
38.046 |
|
L. Hajare (Rate of Interest 12%) |
5.900 |
6.200 |
|
S.K. Kadam (Rate of Interest 12%) |
7.750 |
6.600 |
|
Vijay Vithu Kadam (Rate of Interest 3%) |
0.730 |
0.730 |
|
|
|
|
|
Total |
142.077 |
107.327 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G34810325 |
90147530 |
State Bank of India |
04/10/2000 |
30/12/2016 |
- |
198900000.0 |
EEH Branch, SBI Building, 1st Floor, Plot No B-35, Road No 22, Wagle Circle, Wagle Industrial Estate, Thane – 400604, Maharashtra, India |
|
2 |
A40083479 |
90147467 |
STATE BANK OF INDIA |
29/05/2000 |
17/03/2008 |
- |
64700000.0 |
Wagle Industrial Estate Branch, Thane (West), Thane – 400604, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Other money for which the company is
contingently liable |
0.643 |
0.063 |
|
|
|
|
FIXED ASSETS
- Land
- Buildings
- Plant and Machinery
- Electrical Fitting
- Furniture and Fixture
- Computers
- Office Equipment
- Factory Equipment
- Vehicle
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 63.90 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.16 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
SUJ |
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.