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|
MIRA INFORM REPORT
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Report No. : |
493222 |
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Report Date : |
23.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
CREATIVE PERIPHERALS AND DISTRIBUTION LIMITED (w.e.f. 01.03.2017) |
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Formerly Known
As : |
CREATIVE PERIPHERALS AND DISTRIBUTION PRIVATE LIMITED CREATIVE PERIPHERALS AND DISTRIBUTIONS PRIVATE LIMITED |
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Registered
Office : |
B-215, Mandpeshwar Industrial Premises Co-operative
Society Limited, Opposite MCF Club, Off S.V.P. Road, Borivali (West), Mumbai
– 400092, Maharashtra |
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Tel. No.: |
91-22-23822222 |
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Country : |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
22.09.2004 |
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Com. Reg. No.: |
11-148754 |
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Capital
Investment / Paid-up Capital : |
INR 40.000 Million |
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CIN No.: [Company Identification
No.] |
L52392MH2004PLC148754 |
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IEC No.: [Import-Export Code No.] |
0305008889 |
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TIN / CST No.: |
27490014277 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AACCC5396G1ZH |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCC5396G |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
The
company is an IT distributor of wide range of IT products, imaging products
and lifestyle products. [Registered Activity] |
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No. of Employees
: |
116 (Approximately) |
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2004 having satisfactory track
record. It is an IT
distributor of wide range of IT products, imaging products and lifestyle
products. For the
financial year 2017, the company has achieved fair growth in its revenue as compared
to its previous year but has reported thin profit margin during the year. Rating
take into consideration, the satisfactory financial risk profile marked by
adequate networth base and comfortable debt protection metrics. Rating
continue to derive strength from its established track record of its business
operations backed by its well experienced management team in IT industry. However, these rating strengths gets partially offset by volatile
profitability margin and intense competition in the IT industry. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business
dealing at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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 23.02.2018
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. Sunil |
|
Designation : |
Sales Department |
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Contact No.: |
91-22-23822222 |
|
Date : |
20.02.2018 |
LOCATIONS
|
Registered Office : |
B-215, Mandpeshwar Industrial Premises Co-operative
Society Limited, Opposite MCF Club, Off S.V.P. Road, Borivali (West), Mumbai
– 400092, Maharashtra, India |
|
Tel. No.: |
91-22-23822222 / 42460777 / 40811234 |
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Fax No.: |
91-22-42460777 |
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E-Mail : |
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Website : |
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Corporate Office : |
20, Babu Building, 375/377, Lamington Road, Mumbai – 400007,
Maharashtra, India |
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Warehouse : |
Located At: · Bhiwandi |
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Branch Offices : |
Located At: · Surat · Rajkot · Chandigarh · Pune · Raipur · Nagpur · Kolhapur · Aurangabad · Nasik · Mumbai · Kolkata · Kerala · Ludhiana · Hubli · Chennai · Cochin · Lucknow · Gurugram · Delhi · Goa · Jaipur · Bhopal · Indore · Bangalore · Hyderabad · Haryana · Ahmedabad · Coimbatore · Noida |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ketan Chhaganlal Patel |
|
Designation : |
Chairman and Managing Director |
|
Address : |
B-801, Pratap Heritage, L T Road, Opposite Savarkar Garden, Borivali
(East), Mumbai – 400092, Maharashtra, India |
|
Date of Birth/Age : |
01.08.1970 |
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Qualification : |
Diploma in Computer |
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Date of Appointment : |
22.09.2004 |
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PAN No.: |
AACPP6664P |
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DIN No.: |
00127633 |
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|
Name : |
Mr. Vijay Kimatrai Advani |
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Designation : |
Wholetime Director |
|
Address : |
Savera – 1, Flat No.203, Picnic Cottage, J.P. Road, Andheri (West), Mumbai
– 400 061, Maharashtra, India |
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Date of Birth/Age : |
24.01.1966 |
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Qualification : |
B. Com |
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Date of Appointment : |
30.01.2006 |
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PAN No.: |
AAHPA3210D |
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DIN No.: |
02009626 |
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|
|
|
Name : |
Mrs. Purvi Ketan Patel |
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Designation : |
Wholetime Director |
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Address : |
B-801, Pratap Heritage, L T Road, Opposite Savarkar Garden, Borivali
(East), Mumbai – 400092, Maharashtra, India |
|
Date of Appointment : |
31.01.2017 |
|
DIN No.: |
02663240 |
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|
Name : |
Mr. Mandar Nandkumar Joshi |
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Designation : |
Independent Director |
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Address : |
4, Building 88-A, Jitekarwadi Thakurdwar
Road, Mumbai – 400002, Maharashtra, India |
|
Date of Appointment : |
28.02.2017 |
|
DIN No.: |
07070356 |
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|
Name : |
Mr. Piyush Mathuradas Shah |
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Designation : |
Independent Director |
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Address : |
A/ 701, Vedant Rajmaitri, Borge Marg, Eksar
Road, Borivali (West), Mumbai – 400092, Maharashtra, India |
|
Date of Appointment : |
28.02.2017 |
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DIN No.: |
07741963 |
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|
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Name : |
Mr. Mihir Mahendra Shah |
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Designation : |
Additional Director |
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Address : |
309A, Patel Shopping Center, C- Wing
Chandrawarkar Road, Borivali (West), Mumbai – 400092, Maharashtra,
India |
|
Date of Appointment : |
23.11.2017 |
|
DIN No.: |
08000853 |
KEY EXECUTIVES
|
Name : |
Mr. Tejas Niranjanbhai Doshi |
|
Designation : |
Company Secretary |
|
Address : |
303, Mohankunj, Near Shankar Mandir, D
Cunna Street, Bhayander (West), Thane – 401101, Maharashtra,
India |
|
Date of Appointment : |
28.02.2017 |
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PAN No.: |
AJGPD6647P |
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Name : |
Mr. Abhijit Divakar Kanvinde |
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Designation : |
Chief Financial Officer |
|
Address : |
Flat No 505, Sangam Building, Pandurang
Wadi, Road No 1, Goregaon (West), Mumbai – 400063, Maharashtra,
India |
|
Date of Appointment : |
03.01.2018 |
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PAN No.: |
AFAPK2098D |
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Name : |
Mr. Ansuya Prasad Purohit |
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Designation : |
Chief Financial Officer |
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Audit Committee : |
Ø Mr. Nitin Jain – Chairman of Committee Ø Mr. Piyush Shah – Chairman of Committee (w.e.f.
03.08.2017) Ø Mr. Mandar Joshi – Member |
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Stakeholder’s Relationship Committee : |
Ø Mr. Piyush Shah – Chairman of Committee Ø Mr. Mandar Joshi – Member Ø Mr. Nitin Jain – Member |
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Nomination Remuneration Committee : |
Ø Mr. Mandar Joshi – Chairman of Committee Ø Mr. Nitin Jain – Member Ø Mr. Piyush Shah – Member |
SHAREHOLDING PATTERN
SHAREHOLDERS DETAILS FILE ATTACHED
BUSINESS DETAILS
|
Line of Business : |
The
company is an IT distributor of wide range of IT products, imaging products and
lifestyle products. [Registered Activity] |
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Products / Services
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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 : |
116 (Approximately) |
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Bankers : |
·
HDFC Bank Limited, HDFC Bank Housesenapati
Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India ·
Bank of India, Mumbai MID Corporate, 70/80,
M.G. Road, Bank of India Building, Mezzanine Floor, Fort, Mumbai – 400001,
Maharashtra, India |
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Facilities : |
NOTES: LONG TERM BORROWINGS Term loan from bank carries interest @10.99% p.a. the loan is
repayable in 36 equal monthly installments. Term loan is secured by hypothecation of car. Further the loan is
guaranteed by the personal guarantee of directors. SHORT TERM BORROWINGS Cash credit from
banks is secured against hypothecation of stocks and book debts. The cash credit
is repayable on demand and carries interest @ 11.15 to 11.2%. Cash credit and
buyer’s credit is guaranteed by director and chairperson and whole time
directors. |
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Statutory Auditors : |
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|
Name : |
S. K. Thanawala and Company Chartered Accountants |
|
Address : |
20, Govind Building 2nd Floor, 140/142, Princess Street, Mumbai – 400002, Maharashtra, India |
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Tel. No.: |
91-22-22065378 / 25345483 |
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Mobile No.: |
91-9819365335 |
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PAN No.: |
AAAPJ5959K |
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Internal
Auditors : |
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Name : |
Somaiya and Company Chartered Accountants |
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Secretarial Auditor : |
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Name : |
Satyajit Mishra and Company Practicing Company Secretaries |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Entities over which key managerial persons have significant influence
/ control : |
·
Bittech Services ·
Click Retail Private Limited ·
Secure Connection Private Limited ·
Compunics Technologies LLC |
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Related party : |
·
Ketan Patel HUF |
CAPITAL STRUCTURE
AFTER 31.03.2017
Authorised Capital : INR
80.000 Million
Issued, Subscribed & Paid-up Capital : INR 58.000 Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
|
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|
Reconciliation of the
number of shares and mount outstanding at the beginning and at the end of the
reporting period:
|
Equity Shares |
Number
of Shares |
Amount
|
|
At the beginning of the period |
2000000 |
20.000 |
|
Add: Rights issue |
|
|
|
Add: Bonus shares
issued |
2000000 |
20.000 |
|
Outstanding at the end of the period |
4000000 |
40.000 |
Terms/rights attached to equity shares:
The company has only one class of shares referred to as equity shares having a par value of INR 10/-. Each holder of equity share is entitled to one vote per share.
In the event of liquidation of the company, the holder of the equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by shareholders.
Details of shares held by each shareholder holding more than 5% shares:
|
Name of
Shareholder |
Number
of Shares |
% holding |
|
Ketan Chhaganlal Patel |
3969760 |
99 |
|
As per of the company, including its register of shareholders/members
and other declarations received from shareholders regarding beneficial
interest the above shareholding represents both legal and beneficial
ownerships of shares. Company has issued 2000000 equity shares as bonus shares by
capitalization of statement of profit and loss. |
||
FINANCIAL DATA
[all figures are 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 |
40.000 |
20.000 |
15.000 |
|
(b) Reserves & Surplus |
75.603 |
82.206 |
70.937 |
|
(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) |
115.603 |
102.206 |
85.937 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.895 |
1.418 |
30.894 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.895 |
1.418 |
30.894 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
232.096 |
174.389 |
211.638 |
|
(b) Trade
payables |
231.554 |
61.999 |
52.136 |
|
(c) Other current
liabilities |
30.970 |
27.494 |
0.000 |
|
(d) Short-term
provisions |
6.965 |
5.172 |
11.424 |
|
Total Current
Liabilities (4) |
501.585 |
269.054 |
275.198 |
|
|
|
|
|
|
TOTAL |
618.083 |
372.678 |
392.029 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2.710 |
3.046 |
4.425 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
1.942 |
1.628 |
0.512 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.888 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
5.540 |
4.674 |
4.937 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
209.437 |
129.535 |
171.116 |
|
(c) Trade receivables |
282.867 |
172.034 |
141.755 |
|
(d) Cash
and cash equivalents |
17.346 |
23.599 |
18.319 |
|
(e)
Short-term loans and advances |
102.893 |
42.836 |
55.902 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
612.543 |
368.004 |
387.092 |
|
|
|
|
|
|
TOTAL |
618.083 |
372.678 |
392.029 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
2109.540 |
1986.230 |
1844.781 |
|
|
|
|
Other Income |
10.582 |
(0.449) |
1.417 |
|
|
|
|
TOTAL |
2120.122 |
1985.781 |
1846.198 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Purchase of Stock-in-trade |
2048.728 |
1783.638 |
1718.196 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(79.902) |
41.582 |
(16.999) |
|
|
|
|
Employee Benefits Expenses |
49.872 |
59.050 |
61.876 |
|
|
|
|
Other Expenses |
49.753 |
49.817 |
46.235 |
|
|
|
|
TOTAL |
2068.451 |
1934.087 |
1809.308 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
51.671 |
51.694 |
36.890 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
29.088 |
33.574 |
22.015 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
22.583 |
18.120 |
14.875 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
1.503 |
2.142 |
3.749 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
21.080 |
15.978 |
11.126 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
7.681 |
4.707 |
4.469 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
13.399 |
11.271 |
6.657 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Value of Exports (FOB) |
251.094 |
89.698 |
NA |
|
|
|
TOTAL EARNINGS |
251.094 |
89.698 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
5.75 |
7.51 |
7.00 |
||
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 |
(32.089) |
94.748 |
(5.922) |
|
Net cash flow from operating activities |
(32.089) |
94.748 |
(11.296) |
QUARTERLY
RESULTS
|
Particulars |
|
30.09.2017 (Unaudited) |
31.12.2017 (Unaudited) |
|
|
|
1st
Quarter |
2nd
Quarter |
|
Net sales |
|
614.460 |
611.820 |
|
Total Expenditure |
|
595.930 |
588.840 |
|
PBIDT (Excluding Other Income) |
|
18.530 |
22.980 |
|
Other income |
|
NA |
NA |
|
Operating Profit |
|
18.530 |
22.980 |
|
Interest |
|
6.120 |
9.910 |
|
Exceptional Items |
|
NA |
NA |
|
PBDT |
|
12.410 |
13.070 |
|
Depreciation |
|
0.330 |
0.400 |
|
Profit Before Tax |
|
12.080 |
12.660 |
|
Tax |
|
3.880 |
4.330 |
|
Provisions and
contingencies |
|
NA |
NA |
|
Profit after tax |
|
8.190 |
8.340 |
|
Extraordinary Items |
|
NA |
NA |
|
Prior Period Expenses |
|
NA |
NA |
|
Other Adjustments |
|
NA |
NA |
|
Net Profit |
|
8.190 |
8.340 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
48.94 |
31.61 |
28.05 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.46 |
11.55 |
13.01 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
41.25 |
12.69 |
11.08 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.25 |
0.40 |
0.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
19.07 |
16.97 |
8.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.81 |
0.73 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.02 |
1.72 |
2.82 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.34 |
2.63 |
3.20 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.02 |
0.03 |
0.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.78 |
1.54 |
1.68 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.64 |
0.57 |
0.36 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.17 |
3.02 |
1.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
11.59 |
11.03 |
7.75 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.22 |
1.37 |
1.41 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.80 |
0.89 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.19 |
0.27 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.82 |
8.79 |
16.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.22 |
1.37 |
1.41 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10.00/- |
|
Market Value |
INR 144.00/- |
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 |
15.000 |
20.000 |
40.000 |
|
Reserves & Surplus |
70.937 |
82.206 |
75.603 |
|
Net
worth |
85.937 |
102.206 |
115.603 |
|
|
|
|
|
|
Long-Term Borrowings |
30.894 |
1.418 |
0.895 |
|
Short Term Borrowings |
211.638 |
174.389 |
232.096 |
|
Total
borrowings |
242.532 |
175.807 |
232.991 |
|
Debt/Equity
ratio |
2.822 |
1.720 |
2.015 |
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 |
1844.781 |
1986.230 |
2109.540 |
|
|
|
7.668 |
6.208 |
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
|
1844.781 |
1986.230 |
2109.540 |
|
Profit/(Loss) |
6.657 |
11.271 |
13.399 |
|
|
0.36% |
0.57% |
0.64% |
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 |
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 |
Yes |
|
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 |
No |
|
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 |
CORPORATE
INFORMATION:
The company is a company domiciled in India and incorporated on 22nd September, 2004 under the provisions of the companies act, 1956. The company is an IT distributor of wide range of IT products, imaging products and lifestyle products catering to specific customer needs. The company caters to both domestic and international markets.
BACKGROUND AND
CURRENT STATUS OF COMPANY:
The company was originally incorporated on September 22, 2004 as a Private Limited company and subsequently converted into a Public Limited Company pursuant to Special Resolution passed by the members in the Extraordinary General Meeting held on January 31, 2017 and name and status of the company was changed to Creative Peripherals and Distribution Limited vide a fresh certificate of incorporation dated March 1, 2017 issued by the Registrar of Companies, Maharashtra, Mumbai. Later, company has received certificate from National Stock Exchange of India Limited on April 11, 2017 for Listing of Equity Shares of Creative Peripherals and Distribution Limited (SME IPO), in pursuance of Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it was thereby notified that the list of securities further admitted to dealings on the National Stock Exchange (Capital Market segment) EMERGE SME Platform with effect from April 12, 2017. Thus, status of the company was Unlisted as on for the financial year ending at March 31, 2017, of which this Annual Report and Financial Statements are pertaining to.
BUSINESS PERFORMANCE:
The year gone by has been good. The company’s revenue increased to INR 2120.122 million as compared to INR 1985.781 million in the previous year marking an increase by INR 134.341 million.
The company’s net profit after tax stood at INR 13.399 million as compared to INR 11.271 million in the previous year registering an increase of 18.86%.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR
In Million |
31.03.2016 INR
In Million |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and
advanced from related parties |
20.641 |
29.437 |
|
Loans and
advances from others repayable on demand |
48.893 |
0.000 |
|
|
|
|
|
Total |
69.534 |
29.437 |
|
NOTES: Unsecured loan from directors and relative of directors/shareholder carries interest @12% p.a. Loans and advances from others repayable on demand carries interest @16% and is against purchase bill discounting and guaranteed by Mr. Keta Patel. |
||
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G55184196 |
100125865 |
AXIS BANK LIMITED |
15/09/2017 |
- |
- |
30000000.0 |
CORPORATE BANKING BRANCH, 12-MITTAL TOWERA-WING, FIRST FLOOR, NARIMAN POINT MUMBAI MH400021IN |
|
2 |
G28702405 |
100064373 |
AXIS BANK LIMITED |
14/10/2016 |
- |
- |
120000000.0 |
CORPORATE OFFICE AT 12, "MITTAL TOWER" A-WING, FIRST FLOOR, NARIMAN POINT MUMBAI MH400021IN |
|
3 |
G01944875 |
100021418 |
HDFC BANK LIMITED |
21/03/2016 |
- |
- |
260000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
4 |
G01945211 |
100021419 |
HDFC BANK LIMITED |
15/03/2016 |
- |
- |
90000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
5 |
G02469971 |
10276214 |
BANK OF INDIA |
07/02/2011 |
07/08/2014 |
04/04/2016 |
220000000.0 |
MUMBAI MID CORPORATE, 70/80, M.G. ROAD, BANK OF INDIA BUILDING, MEZZANINE FLOOR, FORT, MUMBAI MH400001IN |
|
6 |
B31347420 |
10040797 |
NEW INDIA CO-OP. BANK LIMITED |
19/02/2007 |
- |
23/01/2012 |
2000000.0 |
KARTAR MANSION, 35, TRIBHUVAN ROAD, GIRGAUM, MUMBAI MH400004IN |
|
7 |
B31348238 |
10043484 |
NEW INDIA CO-OP. BANK LIMITED |
19/02/2007 |
- |
23/01/2012 |
4000000.0 |
KARTAR MANSION, 35, TRIBHUVAN ROAD, GIRGAUM, MUMBAI MH400004IN |
|
8 |
B31349194 |
90355227 |
NEW INDIA CO-OP. BANK LIMITED |
24/11/2005 |
- |
23/01/2012 |
1000000.0 |
GIRGAON MUMBAI MHIN |
|
9 |
B31348592 |
10040799 |
NEW INDIA CO-OP. BANK LIMITED |
19/02/2007 |
- |
23/01/2012 |
5000000.0 |
KARTAR MANSION, 35, TRIBHUVAN ROAD, GIRGAUM, MUMBAI MH400004IN |
|
10 |
B31346026 |
90355156 |
NEW INDIA CO-OP. BANK LIMITED |
08/08/2005 |
- |
23/01/2012 |
2000000.0 |
GIRGAON MUMBAI MHIN |
FIXED ASSETS:
· Electrical Equipments
· Office Equipments
· Computer Equipments
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
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 65.05 |
|
|
1 |
INR 90.41 |
|
Euro |
1 |
INR 79.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHK |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
YES |
|
--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.