|
|
|
MIRA INFORM REPORT
|
Report No. : |
492961 |
|
Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
KUNDAN INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
"Kundan House", Harisiddhi Industrial Estate, Gorai Pada, Vasai (East), Thane-401208, Maharashtra |
|
Tel. No.: |
91-250-2455394/95/96/97/98 |
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|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
04.09.1995 |
|
|
|
|
Com. Reg. No.: |
11-092326 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 90.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28900MH1995PLC092326 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
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PAN No.: [Permanent Account No.] |
AAACK6811G |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
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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 : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1995 and it
is having satisfactory track records. Management of the company has not filed its financial of 2017 with
government department. For the financial year 2016, the company has increased its revenue
from operations as compared to previous year but maintained minimal
profitability margin of 0.28%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and average debt balance sheet. Further, rating also reflects from its extensive experience of
promoter in the business operations and improvement in the revenue profile. However, rating strength is partially offset by working capital intensive
nature of operation and declined in the profitability during the year. Trade relations are reported as fair. Business is active. Payments
terms are 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.
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 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
24.05.2017 |
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 20.02.2018
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
Management Non-cooperative (Tel. No.: 91-250-2455394)
LOCATIONS
|
Registered Office / Works : |
"Kundan House", Harisiddhi Industrial Estate, Gorai Pada, Vasai (East), Thane-401208, Maharashtra, India |
|
Tel. No.: |
91-250-2455394/95/96/97/98 |
|
Fax No.: |
91-250-2455830 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
10000 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Corporate Office : |
291, Datta Pada Road, Above HDFC Bank, Borivali (East), Mumbai-400066, Maharashtra, India |
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Tel. No.: |
91-22-61521234 |
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Fax No.: |
91-22-61521359 |
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E-Mail : |
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Marketing Office : |
252, Yusuf Meharali Road, 2nd Floor, Mahesh Niwas,
Mumbai-400003, Maharashtra, India |
|
Tel. No.: |
91-22-23400551 / 23414249 / 23400911 |
|
Fax No.: |
91-22-28820162 / 23447360 |
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|
|
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Branch Office 1 : |
No. 459, 6th Road, Vivek Nagar, Bangalore-560047, Karnataka, India |
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Branch Office 2 : |
29, Sarat Bose Road, Kolkata - 700020, West Bengal, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bharatbhushan Kishorilal Gupta |
|
Designation : |
Wholetime Director |
|
Address : |
4 - B / 25, 'Manali' Bldg, Evershine Nagar, Malad (West),
Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1950 |
|
Qualification : |
B.A |
|
Date of Appointment : |
12.12.2016 |
|
PAN No.: |
AKTPG3031E |
|
DIN No.: |
00373046 |
|
|
|
|
Name : |
Mr. Krishan Kumar Kishorilal Gupta |
|
Designation : |
Wholetime Director |
|
Address : |
1403 Vastu Tower, Evershine Nagar Bulding No. 2-A, Off
Link Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
18.08.1963 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
04.09.1995 |
|
PAN No.: |
AHOPG3615N |
|
DIN No.: |
00373413 |
|
|
|
|
Name : |
Mr. Ripudaman Kishorilal Gupta |
|
Designation : |
Wholetime Director |
|
Address : |
Flat No.51/52, 5th Floor, Manali Building No.01 B,
Evershine Nagar, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1960 |
|
Qualification : |
B.Sc |
|
Date of Appointment : |
04.09.1995 |
|
PAN No.: |
AHYPG5955F |
|
DIN No.: |
01063163 |
|
|
|
|
Name : |
Mr. Vijaya Mukesh Gupta |
|
Designation : |
Wholetime Director |
|
Address : |
73/74, Manali No. 5, Evershine Nagar, Malad West, Mumbai –
400064, Maharashtra, India |
|
Date of Birth/Age : |
01.10.1968 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
01.03.2016 |
|
PAN No.: |
AKYPG6057B |
|
DIN No.: |
07417787 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Bharat Bhushan Kishorilal Gupta |
|
378000 |
|
Ripudaman Kishorilal Gupta |
|
378000 |
|
Krishan Kumar Kishorilal Gupta |
|
378000 |
|
Mukesh Kumar Kishorilal Gupta |
|
378000 |
|
Manjula B Gupta |
|
350000 |
|
Sudha R Gupta |
|
350000 |
|
Jyoti K Gupta |
|
350000 |
|
Vijaya M Gupta |
|
350000 |
|
Bharatbhushan K Gupta (HUF) |
|
272000 |
|
Ripudaman K Gupta (HUF) |
|
272000 |
|
Krishankumar K Gupta (HUF) |
|
272000 |
|
Mukesh K Gupta (HUF) |
|
272000 |
|
Total |
|
4000000 |
|
Names of Shareholders
(12% Cumulative Redeemable Preference Shares) |
|
No. of Shares |
|
Shailesh Shah Jointly with Mr. Pankaj Shah |
|
750000 |
|
Kajal Shailesh Shah |
|
500000 |
|
Kantaben Sitaram Shah |
|
300000 |
|
Mandakini Sitaram Shah |
|
100000 |
|
Pankaj Sitaram Shah Jointly with Mandakini Sitaram Shah Jointly with Pankaj Sitaram Shah HUF Jointly with Darshit Pankaj Shah (As partners of M.K. Metals Partnership Firms) |
|
500000 |
|
Pankaj Sitaram Shah |
|
100000 |
|
Shailesh S Shah Jointly with Rita Pankaj Shah Jointly with Bhavik Shailesh Shah Jointly with Shailesh S Shah HUF (As partners of R.B. Metals Partnership Firms) |
|
500000 |
|
Rita Pankaj Shah |
|
50000 |
|
Sitaram Chunilal Shah HUF |
|
100000 |
|
Bhavik Shailesh Shah |
|
500000 |
|
Darshit Pankaj Shah |
|
500000 |
|
Sitaram Exim Private Limited, India |
|
1100000 |
|
|
|
|
|
Total |
|
5000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2015
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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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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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Sunil Choudhary and Associates Chartered Accountants |
|
Address : |
169, 2Nd Floor, Sunrays Shopping Centre Sector V, Charkop Market, Kandivali West, Mumbai, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACJFS1378N |
|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their Relatives : |
|
CAPITAL STRUCTURE
AFTER 31.03.2017
Authorised Capital : INR
100.000 Million
Issued, Subscribed & Paid-up Capital : INR 100.000 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
5000000 |
Preference Shares |
INR 10/- each |
INR 50.000 Million |
|
|
Total |
|
INR 100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000
Million |
|
5000000 |
Preference Shares |
INR 10/- each |
INR 50.000
Million |
|
9000000 |
Total |
|
INR 90.000 Million |
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
90.000 |
90.000 |
90.000 |
|
(b) Reserves & Surplus |
262.780 |
255.525 |
262.200 |
|
(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) |
352.780 |
345.525 |
352.200 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
219.885 |
270.551 |
239.137 |
|
(b) Deferred tax
liabilities (Net) |
25.328 |
22.531 |
22.351 |
|
(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) |
245.213 |
293.082 |
261.488 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
514.856 |
651.720 |
634.326 |
|
(b) Trade payables |
265.800 |
222.722 |
663.777 |
|
(c) Other current
liabilities |
381.577 |
580.108 |
68.315 |
|
(d) Short-term provisions |
24.436 |
42.246 |
20.686 |
|
Total Current Liabilities
(4) |
1186.669 |
1496.796 |
1387.104 |
|
|
|
|
|
|
TOTAL |
1784.662 |
2135.403 |
2000.792 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
440.234 |
467.348 |
394.129 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
6.918 |
6.618 |
6.618 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
447.152 |
473.966 |
400.747 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
676.686 |
703.576 |
717.882 |
|
(c) Trade receivables |
358.348 |
598.334 |
513.990 |
|
(d) Cash and cash
equivalents |
2.189 |
5.235 |
56.118 |
|
(e) Short-term loans and
advances |
300.287 |
354.292 |
312.055 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1337.510 |
1661.437 |
1600.045 |
|
|
|
|
|
|
TOTAL |
1784.662 |
2135.403 |
2000.792 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1473.649 |
1364.378 |
1214.731 |
|
|
Other Income |
85.330 |
49.674 |
53.801 |
|
|
TOTAL |
1558.979 |
1414.052 |
1268.532 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1280.477 |
1053.696 |
499.029 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(53.641) |
31.828 |
264.899 |
|
|
Employees benefits
expense |
72.292 |
90.470 |
87.251 |
|
|
Expenditure on Production |
0.000 |
0.000 |
155.852 |
|
|
Other expenses |
101.637 |
83.280 |
87.230 |
|
|
TOTAL |
1400.765 |
1259.274 |
1094.261 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
158.214 |
154.778 |
174.271 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
115.577 |
116.184 |
139.567 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
42.637 |
38.594 |
34.704 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
33.696 |
25.748 |
24.106 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
8.941 |
12.846 |
10.598 |
|
|
|
|
|
|
|
Less |
TAX |
4.695 |
3.280 |
3.314 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
4.246 |
9.566 |
7.284 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
179.200 |
193.700 |
199.100 |
|
|
TOTAL EARNINGS |
179.200 |
193.700 |
199.100 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
13.700 |
42.000 |
2.100 |
|
|
TOTAL IMPORTS |
13.700 |
42.000 |
2.100 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.47 |
1.06 |
-- |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
299.251 |
12.846 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
88.76 |
160.07 |
154.44 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.11 |
2.28 |
2.36 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
75.77 |
77.15 |
485.50 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.23 |
0.22 |
0.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.36 |
0.33 |
0.44 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.79 |
0.83 |
0.81 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.08 |
2.67 |
2.48 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.36 |
4.33 |
3.94 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.25 |
1.35 |
1.12 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.37 |
1.33 |
1.25 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.29 |
0.70 |
0.60 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.24 |
0.45 |
0.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.20 |
2.77 |
2.07 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.13 |
1.11 |
1.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.56 |
0.64 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.20 |
0.16 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
8.16 |
10.25 |
9.71 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.13 |
1.11 |
1.15 |
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 |
90.000 |
90.000 |
90.000 |
|
Reserves & Surplus |
262.200 |
255.525 |
262.780 |
|
Net worth |
352.200 |
345.525 |
352.780 |
|
|
|
|
|
|
long-term borrowings |
239.137 |
270.551 |
219.885 |
|
Short term borrowings |
634.326 |
651.720 |
514.856 |
|
Total borrowings |
873.463 |
922.271 |
734.741 |
|
Debt/Equity ratio |
2.480 |
2.669 |
2.083 |
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 |
1214.731 |
1364.378 |
1473.649 |
|
|
|
12.319 |
8.009 |
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 |
1214.731 |
1364.378 |
1473.649 |
|
Profit |
7.284 |
9.566 |
4.246 |
|
|
0.60% |
0.70% |
0.29% |
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 |
No |
|
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 |
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 |
BRIEF DESCRIPTION OF THE
COMPANY’S WORKING DURING THE YEAR/STATE OF COMPANY’S AFFAIR
Subject is manufacturer and supplier of fasteners to OEM's as well as having distribution through dealers’ network in India and exporting to various countries across the globe.
Kundan has State-of-the-Art plant equipped with ultra modern high-tech multi-station cold forging latest automatic machines and other facilities including Thread Rolling, Tapping, Trimming, Secondary Operation Machines etc. all under one roof. The Company has in-house tool room and make critical dies ourselves
The Company has achieved a turnover of INR 1491.100 Million in the current year as compared to total turnover of INR 1375.500 Million in the previous year. The net profit after tax is INR 4.200 Million in the current year as compared to INR 9.600 Million in the previous year. The Management is trying their best effort to arrest the expenses and to increase the profit.
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G44811271 |
100100134 |
BANK OF BARODA |
22/05/2017 |
- |
- |
30000000.0 |
MOUNT POINSUR BRANCH, I. C. COLONY,CHURCH COMPOUND,BORIVLI (WEST)MUMBAIMH400103IN |
|
2 |
G03727401 |
100027423 |
ICICI BANK LIMITED |
21/04/2016 |
- |
- |
982000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGu390015IN |
|
3 |
C74970252 |
10611110 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
17/04/2015 |
- |
- |
100000000.0 |
WARDEN HOUSE 2ND FLOORSIR P M ROADFORTMUMBAIMH400001IN |
|
4 |
G46098570 |
10278308 |
BANK OF BARODA |
11/03/2011 |
26/04/2017 |
- |
637200000.0 |
MOUNT POINSUR BRANCH, I. C. COLONY,CHURCH COMPOUND,BORIVALI (WEST)MUMBAIMH400103IN |
|
5 |
B79489837 |
10273436 |
BANK OF BARODA |
11/02/2011 |
09/07/2013 |
- |
768800000.0 |
MOUNT POINSUR BRANCHI. C. COLONY, CHURCH COMPOUND, BORIVALI (WEST)MUMBAIMH400103IN |
|
6 |
G05958848 |
10206104 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
15/03/2010 |
- |
17/06/2016 |
30000000.0 |
11-13, ATLANTA BUILDING, 209,FIRST FLOOR, V.K. SHAH MARG, NARIMAN POINTMUMBAIMH400021IN |
|
7 |
C67248104 |
10314641 |
INDUSIND BANK LTD. |
09/09/2011 |
29/08/2012 |
06/10/2015 |
143142000.0 |
ACME PLAZA, CTS NO.32, OPP. SANGAM TALKIES,ANDHERI-KURLA ROAD, ANDHERI (E),MUMBAIMH400059IN |
|
8 |
C00150425 |
10432709 |
RELIGARE FINVEST LIMITED |
15/09/2010 |
- |
05/03/2014 |
10300000.0 |
D3, P3B,District Centre, SaketNew DelhiDL110017IN |
|
9 |
B80311012 |
90149792 |
Karnataka Bank Ltd. |
29/11/2000 |
- |
16/07/2013 |
5500000.0 |
ANDHERI WESTMUMBAIMHIN |
|
10 |
B79184438 |
90149832 |
BANK OF INDIA |
25/07/2002 |
- |
24/06/2013 |
50400000.0 |
MUMBAI CFORPORATE BANKINGL BRANCH; 70/80M. G. ROAD; FORTMUMBAIMH400023IN |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment
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 : |
GYT |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYO |
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.