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|
|
MIRA
INFORM REPORT
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Report No. : |
493913 |
|
Report Date : |
22.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
DML EXIM PRIVATE LIMITED (w.e.f. 26.07.2008) |
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Formerly Known
As : |
D M LAKHANI OVERSEAS PRIVATE LIMITED (w.e.f. 12.09.2003) SHREE SONAL IEE (JAYDEEP HOTELS) PRIVATE LIMITED |
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Registered
Office : |
405, Embassy Tower, Opposite Jubilee Garden, Jawahar Road, Rajkot- 360001, Gujarat |
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Tel. No.: |
91-281-2229183/ 2240671 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
07.09.1988 |
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Com. Reg. No.: |
04-011223 |
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Capital
Investment / Paid-up Capital : |
INR 19.363 Million |
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CIN No.: [Company Identification
No.] |
U55100GJ1988PTC011223 |
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IEC No.: [Import-Export Code No.] |
2403004901 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
24AABCD8911B1Z6 |
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PAN No.: [Permanent Account No.] |
AABCD8911B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Trading activities of Agriculture Products and Wind Power Generation. (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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Maximum Credit Limit : |
USD 1400000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1988 and it is a trader of
Agricultural Products and Wind Power Generation. As per financials of March 2017, the company has registered decline in
its revenue as compared to its previous year’s revenue and reported minimal
profit margin of 0.24%. 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. Further, the company has reported earnings per share of INR 6.63
against its face value of INR 10. However, rating strength is partially offset by vulnerability to
unfavourable government regulations and volatility in cotton prices. Payments seems to be slow but correct. In view of aforesaid, the subject 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 = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
03.08.2017 |
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 22.02.2018
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 BY
|
Name : |
Mr. Rakesh Agarwal |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9595749898 / 8767860099 |
MANAGEMENT NON-COOPERATIVE: tel. No.: 91-281-2222993
LOCATIONS
|
Registered Office : |
405, 9th Floor, Embassy Tower, Opposite Jubilee Garden, Jawahar
Road, Rajkot – 360001, Gujarat, India |
|
Tel. No.: |
91-281-2229183/ 2240671 / 2582402 / 3 / 4 |
|
Mobile No.: |
91-9595749898 / 8767860099 (Mr. Rakesh Agarwal) |
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Fax No.: |
91-281-2230505/ 2229643 / 2220409 |
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E-Mail : |
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Website : |
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Corporate Office
: |
504, Venus Atlantis Corporate
Park, Prahlad Nagar Road, Satellite, Near S.G Road, Ahmedabad – 380015,
Gujarat, India |
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Tel No.: |
91-79-40082011/ 40082012 |
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Fax No.: |
91-79-40082014 |
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Head Office: |
C-601 to 604, The Imperial Heights, Opposite Big Bazaar, 150 Feet Ring Road, Rajkot – 360 005, Gujarat, India |
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Tel. No.: |
91-281-2580091/92/93 |
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Fax No.: |
91-281-2580060 |
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E-Mail : |
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Branch Office : |
B-604, Sagar Tech Plaza, Sakinaka Junction, Andheri (East), Mumbai -
400075, Maharashtra, India |
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E-Mail : |
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China Representative Office: |
A Building Room No. 2707, Qingdao World Trade Centre No. 6 Honhkong
Middle Road, Qingdao – 266000, Shandong – China |
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Tel No.: |
+86-532-85918770 / 85919390 |
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Email: |
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Warehouse : |
Located at: · Mumbai · Vashi |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Chirag Harishkumar Lakhani |
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Designation : |
Director |
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Address : |
Vrundavan, Tapovansociety, Near Aminmarg, Rajkot - 360002, Gujarat,
India |
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Date of Birth/Age : |
23.08.1986 |
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Date of Appointment : |
11.09.2004 |
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PAN No.: |
ACCPL9051G |
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DIN No.: |
01624243 |
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Other Directorship:
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Name : |
Mr. Harishbhai Jayantilal Lakhani |
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Designation : |
Director |
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Address : |
Vrundavan, Tapovan Society, Near Amin Marg, Rajkot - 360002, Gujarat,
India |
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Date of Birth/Age : |
13.05.1959 |
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Qualification : |
Graduate |
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Date of Appointment : |
12.05.2003 |
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PAN No.: |
AAQPL3256P |
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DIN No.: |
01658810 |
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Other Directorship:
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||||||||||||||||||||||||||||
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Name : |
Mr. Darshan Harishkumar Lakhani |
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Designation : |
Director |
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Address : |
Vrundavan, Tapovan Society, Near Aminmarg, Rajkot - 360002, Gujarat,
India |
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Date of Birth/Age : |
23.08.1986 |
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Qualification : |
Graduate |
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Date of Appointment : |
11.09.2004 |
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PAN No.: |
AACPL9050H |
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DIN No.: |
01658879 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Meenaben Harishkumar Lakhani |
181020 |
9.35 |
|
Harishkumar Jayantilal Lakhani |
380250 |
19.64 |
|
Dollyben Harishkumar Lakhani |
190000 |
9.81 |
|
Chiragbhai Harishkumar Lakhani |
805000 |
41.57 |
|
Darshan Harishkumar Lakhani |
190000 |
9.81 |
|
Sejal Darshan Lakhani |
190000 |
9.81 |
|
Total |
1936270 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Trading activities of Agriculture Products and Wind Power Generation. (Registered activity) |
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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 : |
N. M. Unadkat and Company Chartered Accountants |
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Address : |
306-307, Everest Complex, Opposite Shastri Maidan, |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFPU7460F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
U51100GJ2005PTC046782
U51100GJ2005PTC046358
U51200GJ2012PTC072428
U51909GJ2012PTC072431
U51909GJ2012PTC072429 |
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Relatives : |
D.M. Enterprises (Prop. Meenaben H. Lakhani) |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1936270 |
Equity Shares |
INR 10/- each |
INR 19.363 Million |
|
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|
|
|
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 |
19.363 |
19.363 |
19.363 |
|
(b) Reserves & Surplus |
475.385 |
462.543 |
451.707 |
|
(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) |
494.748 |
481.906 |
471.070 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.393 |
3.930 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
5.585 |
7.099 |
8.382 |
|
(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) |
8.978 |
11.029 |
8.382 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
902.993 |
1140.344 |
1011.442 |
|
(b) Trade payables |
59.280 |
84.354 |
200.115 |
|
(c) Other current liabilities |
316.532 |
170.413 |
24.269 |
|
(d) Short-term provisions |
4.819 |
5.295 |
6.018 |
|
Total
Current Liabilities (4) |
1283.624 |
1400.406 |
1241.844 |
|
|
|
|
|
|
TOTAL |
1787.350 |
1893.341 |
1721.296 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
32.826 |
39.739 |
39.080 |
|
(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 |
85.618 |
85.618 |
85.618 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
11.745 |
25.217 |
72.972 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
76.983 |
|
Total
Non-Current Assets |
130.189 |
150.574 |
274.653 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
122.729 |
324.015 |
454.335 |
|
(c) Trade receivables |
708.326 |
526.195 |
686.130 |
|
(d) Cash and cash equivalents |
181.784 |
146.853 |
140.391 |
|
(e) Short-term loans and
advances |
644.322 |
745.704 |
165.787 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1657.161 |
1742.767 |
1446.643 |
|
|
|
|
|
|
TOTAL |
1787.350 |
1893.341 |
1721.296 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
5446.445 |
7997.798 |
5068.452 |
|
|
Other Income |
125.755 |
200.133 |
158.705 |
|
|
TOTAL
|
5572.200 |
8197.931 |
5227.157 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
4994.853 |
7539.216 |
4558.207 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
200.934 |
130.484 |
213.063 |
|
|
Employees benefits expense |
16.194 |
16.090 |
9.673 |
|
|
Exceptional Items |
(0.405) |
(0.327) |
(1.111) |
|
|
Other expenses |
215.970 |
287.770 |
242.936 |
|
|
TOTAL |
5427.546 |
7973.233 |
5022.768 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
144.654 |
224.698 |
204.389 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
120.842 |
200.104 |
179.636 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
23.812 |
24.594 |
24.753 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.088 |
6.684 |
8.266 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
16.724 |
17.910 |
16.487 |
|
|
|
|
|
|
|
Less |
TAX |
3.882 |
7.074 |
5.807 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
12.842 |
10.836 |
10.680 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
449.220 |
438.384 |
427.704 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
462.062 |
449.220 |
438.384 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
4549.322 |
7722.433 |
4141.029 |
|
|
TOTAL
EARNINGS |
4549.322 |
7722.433 |
4141.029 |
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORT |
26.246 |
13.947 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
6.63 |
5.60 |
5.52 |
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 |
379.799 |
(13.093) |
16.487 |
|
Net cash flow from operating activity |
373.948 |
(22.172) |
16.487 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
47.47 |
24.01 |
49.41 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.69 |
15.20 |
7.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
4.33 |
4.08 |
16.02 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.18 |
0.69 |
0.45 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
4.41 |
5.65 |
5.23 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.72 |
0.74 |
0.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.83 |
2.37 |
2.15 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.59 |
2.91 |
2.64 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.07 |
0.08 |
0.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.20 |
1.12 |
1.14 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.24 |
0.14 |
0.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.72 |
0.57 |
0.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.60 |
2.25 |
2.27 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.29 |
1.24 |
1.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.20 |
1.01 |
0.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.28 |
0.25 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
46.81 |
59.10 |
52.24 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.29 |
1.24 |
1.16 |
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 |
19.363 |
19.363 |
19.363 |
|
Reserves & Surplus |
451.707 |
462.543 |
475.385 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
471.070 |
481.906 |
494.748 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
3.930 |
3.393 |
|
Short Term borrowings |
1011.442 |
1140.344 |
902.993 |
|
Total
borrowings |
1011.442 |
1144.274 |
906.386 |
|
Debt/Equity
ratio |
2.147 |
2.374 |
1.832 |
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
|
5068.452 |
7997.798 |
5446.445 |
|
|
|
57.796 |
(31.901) |
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
|
5068.452 |
7997.798 |
5446.445 |
|
Profit |
10.680 |
10.836 |
12.842 |
|
|
0.21% |
0.14% |
0.24% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
19.363 |
19.363 |
|
(b) Reserves & Surplus |
|
595.998 |
579.349 |
|
(c) Minority Interest |
|
186.759 |
183.382 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
802.120 |
782.094 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3.393 |
3.930 |
|
(b) Deferred tax liabilities
(Net) |
|
11.605 |
12.255 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
14.998 |
16.185 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1471.553 |
1801.214 |
|
(b) Trade payables |
|
120.194 |
226.647 |
|
(c) Other current liabilities |
|
469.352 |
435.262 |
|
(d) Short-term provisions |
|
7.214 |
6.829 |
|
Total
Current Liabilities (4) |
|
2068.313 |
2469.952 |
|
|
|
|
|
|
TOTAL |
|
2885.431 |
3268.231 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
60.351 |
70.151 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
20.949 |
34.951 |
|
(e) Other Non-current assets |
|
0.000 |
0.137 |
|
Total
Non-Current Assets |
|
81.300 |
105.239 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
384.561 |
676.658 |
|
(c) Trade receivables |
|
951.406 |
1011.056 |
|
(d) Cash and cash equivalents |
|
340.748 |
277.240 |
|
(e) Short-term loans and
advances |
|
1127.416 |
1198.038 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
2804.131 |
3162.992 |
|
|
|
|
|
|
TOTAL |
|
2885.431 |
3268.231 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
9101.950 |
15149.091 |
|
|
Other Income |
|
242.014 |
342.090 |
|
|
TOTAL
|
|
9343.964 |
15491.181 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
8446.852 |
14629.842 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
291.899 |
(83.374) |
|
|
Employees benefits expense |
|
25.913 |
24.575 |
|
|
Exceptional Items |
|
(0.405) |
(0.327) |
|
|
Other expenses |
|
356.172 |
572.935 |
|
|
TOTAL |
|
9120.431 |
15143.651 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
223.533 |
347.530 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
183.505 |
305.090 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
40.028 |
42.440 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
11.432 |
11.916 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
28.596 |
30.524 |
|
|
|
|
|
|
|
Less |
TAX |
|
8.571 |
10.287 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
20.025 |
20.237 |
|
|
|
|
|
|
|
|
Minority Interest |
|
3.377 |
4.407 |
|
|
|
|
|
|
|
|
PROFIT
AFTER TAX AND ADJUSTING MINORITY INTEREST |
|
16.648 |
15.830 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
8.60 |
8.18 |
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 |
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 |
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 |
NOTE: Registered office of the company has been shifted from Shop No. E-19, Marketing Yard, Rajkot – 360003, Gujarat, India to the present address w.e.f. 02.01.2006
CORPORATE
INFORMATION:
Subject is engaged in trading activities of Agriculture Products and Wind Power Generation.
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK:
During the year, the Company has earned the Revenue from Operations of INR 5446.445 Million as compared to INR 7997.798 Million of previous financial year 2015-16. Moreover, the Company reported net profit of INR 12.841 Million as compared to net profit of previous year of INR 10.836 Million. Net profit of the Company has been increased due to control over other expenses of the Company. The Board ensures better performance of the Company that in years to come.
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
A59627406 |
10149582 |
ORIENTAL BANK OF COMMERCE |
09/02/2009 |
- |
- |
40000000.0 |
'MANGAL BHAVAN', NIRMALA CONVENT SCHOOL ROAD BRANCH, RAJKOT - 360005, Gujarat, India |
|
2 |
B63370134 |
90099994 |
ORIENTAL BANK OF COMMERCE |
26/02/2005 |
29/11/2012 |
- |
4060000000.0 |
AUM PLANET, GROUND FLOOR, OPPOSITE NIRMALA CONVENT SCHOOL, RAJKOT – 360001, GUJARAT, INDIA |
|
3 |
B72322977 |
90096924 |
ORIENTAL BANK OF COMMERCE |
16/09/2004 |
12/03/2013 |
- |
7480000000.0 |
AUM PLANET, GROUND FLOOR, OPPOSITE NIRMALA CONVENT SCHOOL, RAJKOT – 360001, GUJARAT, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantee given for Subsidiary company |
2420.000 |
1920.000 |
|
Guarantee given for other company |
0.000 |
0.000 |
|
Bills Receivable Discounted |
339.801 |
502.948 |
|
Income Tax Demand |
212.378 |
209.368 |
|
*(a) Income Tax Demand is for A.Y. 2012-13
of INR 57.601 Million (b) Income Tax Demand is for A.Y. 2011-12 of
INR 147.633 Million (c) Income Tax Demand is for A.Y. 2010-11 of
INR 3.057 Million (d) Income Tax Demand is for A.Y. 2007-08 of
INR 1.077 Million (e) Income Tax Demand is for A.Y. 2014-15 of
INR 3.010 Million *Contingent Liability produces here in above
on the bases of information complied by the management of the company. |
||
FIXED ASSETS
- Buildings
- Office building
- Computer and Printer
- Office Appliances
- Vehicles
- Office equipment
- Motor Car
- Furniture and Fixture
- Plant and Machinery
- Wind Turbine Generator
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 63.61 |
|
|
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
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.