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|
|
MIRA INFORM REPORT
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Report No. : |
492668 |
|
Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHREE NM ELECTRICALS LIMITED (w.e.f. 28.01.2010) |
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Formerly Known
As : |
SHREE N. M. ELECTRICALS LIMITED (w.e.f. 24.03.2005) SHREE N. M. ELECTRICALS PRIVATE LIMITED |
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Registered
Office : |
Poddar Court 18, Gate No.3, Rabindra Sarani, 2nd Floor,
Kolkata – 700001, West Bengal |
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Tel. No.: |
91-22-22194748 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
09.07.2004 |
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Com. Reg. No.: |
08-210458 |
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Capital
Investment / Paid-up Capital : |
INR 144.300 Million |
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CIN No.: [Company Identification
No.] |
U52334WB2004PLC210458 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCS6037P |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trading in Electrical Goods. (Registered Activity) |
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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 |
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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 2004. It is a trader of
electrical goods. As per the financial records of 2017, the company has achieved a fair
growth of 9.44% in its revenue as compared to the previous year’s revenue and
has reported a low profitability margin of 0.31%. The company possesses healthy financial position marked by above
average networth base along with low debt balance sheet profile and average
liquidity position. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long Term Loans=BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
06.02.2018 |
|
Rating Agency Name |
CRISIL |
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Rating |
Short Term Loan=A3+ |
|
Rating Explanation |
Moderate degree of safety and credit risk. |
|
Date |
06.02.2018 |
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.: 91-40-66906657/ 66906658,
91-22-22194748/ 39411100)
LOCATIONS
|
Registered Office : |
Poddar Court 18, Gate No.3, Rabindra Sarani, 2nd Floor,
Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-24494050 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website: |
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Corporate Office: |
45/47 Lohar Chawl, Mumbai -400002, Maharashtra, India |
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Tel. No.: |
91-22-39411100 / 22194748 |
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Fax No.: |
91-22-22063134 |
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E-Mail : |
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Sales Office 1 : |
Shop # F 5, Royal Chambers, Above HDFC Bank Limited, Tisk,
Ponda, |
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Tel. No.: |
91-832-2312502 |
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Fax No.: |
91-832-2312502 |
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E-Mail : |
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Sales Office 2 : |
308 Govinda Complex, Opposite Pancharatna Building, GIDC Char Rasta, Vapi - 396 195, Gujarat, India |
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Tel. No.: |
91-260-6532466 |
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Fax No.: |
91-260-2420669 |
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E-Mail : |
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Sourcing Office : |
# 346-349, Kothariya, Airport Road, Daman - 396 210, Daman and Diu |
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E-Mail : |
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Branch Office: |
Located at :
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DIRECTORS
As on 31.03.2017
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Name : |
Mr. Harivallabh Parmananddas Mundhra |
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Designation : |
Managing Director |
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Address : |
91, Sunita Building, 98, Cuffe Parade, Colaba, Mumbai – 400005,
Maharashtra, India |
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Date of Birth/Age : |
19.10.1954 |
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Date of Appointment : |
01.04.2014 |
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PAN No.: |
AAAPM8378D |
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DIN No.: |
00434785 |
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Other Directorship:
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Name : |
Mr. Shreevallabh Parmanandas Mundhra |
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Designation : |
Managing Director |
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|
Address : |
91, Sunita Building, 98, Cuffe Parade, Colaba, Mumbai – 400005,
Maharashtra, India |
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Date of Birth/Age : |
03.03.1959 |
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Date of Appointment : |
01.04.2014 |
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PAN No.: |
AEMPM4922K |
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DIN No.: |
00434820 |
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Other Directorship:
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Name : |
Mr. Brijnandan Harivallabh Mundhra |
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Designation : |
Whole-time Director |
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Address : |
92, Sunita Building, 98, Cuffe Parade, Colaba, Mumbai – 400005,
Maharashtra, India |
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Date of Birth/Age : |
02.08.1978 |
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Date of Appointment : |
03.11.2014 |
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PAN No.: |
AADPM5572C |
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DIN No.: |
00434904 |
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Other Directorship:
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Name : |
Mr. Brajmohandas Mundhra |
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Designation : |
Director |
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Address : |
63, Silver Beach, Suryavanshi Marg Shivaji Park, Mumbai - 400028,
Maharashtra, India |
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Date of Appointment : |
10.11.2014 |
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DIN No.: |
01192640 |
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Other Directorship:
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Name : |
Ms. Nirmala Mundhra |
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Designation : |
Director |
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Address : |
63, Silver Beach Suryavanshi Marg Shivaji Park Dadar (West) Mumbai
Mumbai -400028, Maharashtra, India |
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Date of Appointment : |
10.11.2014 |
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DIN No.: |
01214106 |
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Other Directorship:
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Name : |
Ms. Nupur Dhaval Agarwal |
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Designation : |
Director |
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Address : |
202, Kakad Enclave, 9th Khar Pali Road, Khar West Mumbai - 400052, Maharashtra,
India |
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Date of Appointment : |
15.09.2016 |
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DIN No.: |
07409902 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Mahendra G Pallan |
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Designation : |
Chief Finance Officer |
|
Address : |
Room No. 402, Plot No. 20, Spring Field, Rajasthan Society, J.B. Nagar,Near Subhash Hotel, Andheri (East), Mumbai 400059, Maharashtra, India |
|
Date of Appointment : |
03.11.2014 |
|
PAN No.: |
AAHPP9939N |
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|
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Name : |
Mr. Avinash Pratap |
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Designation : |
Company Secretary |
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Address : |
A-67/A, Durga Vihar, Devli Extn. New Delhi -110062, India |
|
Date of Appointment : |
17.11.2015 |
|
PAN No.: |
AUTPP0588M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 31.07.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
50.20 |
|
Public/Other than promoters (Individual/Hindu Undivided Family- Indian) |
46.31 |
|
Public/Other than promoters (Body corporate) |
3.49 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Electrical Goods. (Registered Activity) |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
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 : |
D. S .K. and Associates Chartered Accountants |
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Address : |
19, Andheri Universal Industrial Premises Society Limited, 57, J. P. Road, Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD5962C |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
|
|
Subsidiary : |
Shree NM Unilog Industricals Supplies Private Limited |
|
|
|
|
Associates : |
|
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|
|
|
Joint Venture |
Unilog Content Solutions Private Limited |
CAPITAL STRUCTURE
As on 31.07.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21000000 |
Equity Shares |
INR 10/- each |
INR 210.000 Million |
|
6000000 |
Preference Shares |
INR 10/- each |
INR 60.000 Million |
|
|
Total
|
|
INR 270.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9395600 |
Equity Shares |
INR 10/- each |
INR 93.956
Million |
|
5034350 |
Preference Shares |
INR 10/- each |
INR 50.344 Million |
|
|
Total
|
|
INR 144.300
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
144.300 |
143.999 |
143.999 |
|
(b) Reserves and Surplus |
341.957 |
302.518 |
283.769 |
|
(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) |
486.257 |
446.517 |
427.768 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
78.451 |
31.408 |
30.031 |
|
(b) Deferred tax liabilities (Net) |
11.690 |
8.922 |
7.848 |
|
(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) |
90.141 |
40.330 |
37.879 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
181.376 |
445.865 |
664.350 |
|
(b) Trade
payables |
759.111 |
598.381 |
331.874 |
|
(c) Other
current liabilities |
20.986 |
22.537 |
37.605 |
|
(d) Short-term
provisions |
33.478 |
39.235 |
30.266 |
|
Total Current
Liabilities (4) |
994.951 |
1106.018 |
1064.095 |
|
|
|
|
|
|
TOTAL |
1571.349 |
1592.865 |
1529.742 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.000 |
0.000 |
0.000 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
187.343 |
195.794 |
201.792 |
|
(iv)
Intangible assets under development |
1.083 |
1.697 |
2.397 |
|
(b) Non-current Investments |
42.082 |
15.022 |
14.302 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term loans and advances |
30.134 |
29.933 |
34.075 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
260.642 |
242.446 |
252.566 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
498.980 |
431.660 |
488.691 |
|
(c) Trade
receivables |
656.281 |
571.907 |
600.359 |
|
(d) Cash and
bank balances |
8.032 |
29.858 |
20.604 |
|
(e)
Short-term loans and advances |
147.414 |
316.994 |
167.522 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1310.707 |
1350.419 |
1277.176 |
|
|
|
|
|
|
TOTAL |
1571.349 |
1592.865 |
1529.742 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3728.061 |
3406.573 |
3276.672 |
|
|
Other Income |
5.401 |
3.557 |
2.099 |
|
|
TOTAL |
3733.462 |
3410.130 |
3278.771 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3460.982 |
3152.689 |
3022.450 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
50.693 |
53.989 |
53.158 |
|
|
Other expenses |
132.610 |
112.199 |
111.630 |
|
|
TOTAL |
3644.285 |
3318.877 |
3187.238 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
89.177 |
91.253 |
91.533 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
39.865 |
48.368 |
46.239 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
49.312 |
42.885 |
45.294 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
11.753 |
11.594 |
11.870 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
37.559 |
31.291 |
33.424 |
|
|
|
|
|
|
|
Less |
TAX |
26.022 |
10.725 |
13.506 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
11.537 |
20.566 |
19.918 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
NA |
0.218 |
0.041 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.04 |
2.00 |
1.93 |
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 |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
64.25 |
61.28 |
66.88 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
5.68 |
5.96 |
5.46 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
80.06 |
69.28 |
40.08 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.18 |
0.21 |
0.19 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.47 |
0.46 |
0.45 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.68 |
0.71 |
0.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.53 |
1.07 |
1.62 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.05 |
2.48 |
2.49 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.39 |
0.44 |
0.48 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.24 |
1.89 |
1.98 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
0.31 |
0.60 |
0.61 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.73 |
1.29 |
1.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.37 |
4.61 |
4.66 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.32 |
1.22 |
1.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.82 |
0.83 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.31 |
0.28 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.80 |
3.31 |
4.82 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.32 |
1.22 |
1.20 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
143.999 |
143.999 |
144.300 |
|
Reserves & Surplus |
283.769 |
302.518 |
341.957 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
427.768 |
446.517 |
486.257 |
|
|
|
|
|
|
Long-term borrowings |
30.030 |
31.408 |
78.448 |
|
Short term borrowings |
664.350 |
445.865 |
181.376 |
|
Total
borrowings |
694.380 |
477.273 |
259.824 |
|
Debt/Equity
ratio |
1.623 |
1.069 |
0.534 |
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 |
3276.672 |
3406.573 |
3728.061 |
|
|
|
3.964 |
9.437 |
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 |
3276.672 |
3406.573 |
3728.061 |
|
Profit/ (Loss) |
19.918 |
20.566 |
11.537 |
|
|
0.61% |
0.60% |
0.31% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
144.300 |
143.999 |
|
(b) Reserves and Surplus |
|
341.957 |
302.518 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
486.257 |
446.517 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
76.603 |
29.560 |
|
(b) Deferred tax liabilities (Net) |
|
11.691 |
8.922 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
88.294 |
38.482 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
181.376 |
760.802 |
|
(b) Trade
payables |
|
761.646 |
283.543 |
|
(c) Other
current liabilities |
|
21.246 |
22.589 |
|
(d) Short-term
provisions |
|
33.478 |
39.235 |
|
Total Current
Liabilities (4) |
|
997.746 |
1106.169 |
|
|
|
|
|
|
TOTAL |
|
1572.297 |
1591.168 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
0.000 |
0.000 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
188.711 |
197.144 |
|
(iv)
Intangible assets under development |
|
15.482 |
13.370 |
|
(b) Non-current Investments |
|
27.325 |
0.265 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
30.133 |
29.933 |
|
(e) Other
Non-current assets |
|
0.225 |
0.250 |
|
Total Non-Current
Assets |
|
261.876 |
240.962 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
498.980 |
431.660 |
|
(c) Trade
receivables |
|
654.620 |
571.907 |
|
(d) Cash and
bank balances |
|
8.220 |
30.446 |
|
(e)
Short-term loans and advances |
|
147.436 |
316.088 |
|
(f) Other
current assets |
|
1.165 |
0.105 |
|
Total
Current Assets |
|
1310.421 |
1350.206 |
|
|
|
|
|
|
TOTAL |
|
1572.297 |
1591.168 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
3730.279 |
3406.573 |
|
|
Other Income |
|
5.401 |
3.557 |
|
|
TOTAL |
|
3735.680 |
3410.130 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
3462.881 |
3152.689 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Employee benefit expense |
|
52.811 |
54.760 |
|
|
Other expenses |
|
134.599 |
112.809 |
|
|
TOTAL |
|
3650.291 |
3320.258 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
85.389 |
89.872 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
39.869 |
48.368 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
45.520 |
41.504 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
11.753 |
11.594 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
33.767 |
29.910 |
|
|
|
|
|
|
|
Less |
TAX |
|
26.022 |
10.725 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
|
7.745 |
19.185 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
0.537 |
1.332 |
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 |
No |
|
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 |
NOTE: The registered office of the company has been shifted from 45/47 Lohar Chawl, Mumbai - 400002, Maharashtra, India to the present address.
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 |
76.846 |
29.300 |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
10.222 |
18.000 |
|
Other loans and advances |
0.020 |
2.051 |
|
Total |
87.088 |
49.351 |
INDEX
OF CHARGES
|
Charges Registered |
|||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
B73093148 |
80032073 |
STATE BANK OF INDIA |
08/03/2006 |
19/03/2013 |
999500000.0 |
Commercial Branch, N. G. N. Vaidya Marg Bank Street, Horniman Circle, Fort Mumbai MAHARASHTRA 400023 INDIA |
|
2 |
Y10481426 |
90353668 |
STATE BANK OF INDIA |
28/04/2005 |
- |
110000000.0 |
G.N. VAIDYA MARG MUMBAI MAHARASHTRA INDIA |
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 : |
SVT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
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.