|
|
|
MIRA INFORM REPORT
|
Report No. : |
493679 |
|
Report Date : |
23.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
POWER2SME PRIVATE LIMITED (w.e.f 19.07.2016) |
|
|
|
|
Formerly Known
As : |
BEBB INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1-B, Vikrant Enclave, Mayapuri, New Delhi – 110064 |
|
Tel. No.: |
91-124-4412666 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
30.01.2012 |
|
|
|
|
Com. Reg. No.: |
55-230723 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 58.106 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900DL2012PTC230723 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECB9468N |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAECB9468N1Z2 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
To engage as traders, distributors, consignors,
consignees, agents, factors, stockiest for all kinds of plants, equipment,
machinery, apparatus, tools, utensils, accessories, instruments, commodities,
substances, articles in general and specific for carrying on the business of
the company by way of using IT enabled systems and web based software and
including production, storage, distribution, marketing and sale of goods.
(Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 30th January 2012 and it owns and operates
an online e-commerce portal ‘power2sme.com’. The company offers information and tools for small and medium
enterprises (SME) industries. The company’s product portfolio includes TMT
bars, cement, tiles, ink, etc. For the financial year 2017, the company has achieved a massive growth
in its revenue as compared to previous year but has incurred operational
loss. The sound financial profile of the company is marked by healthy
networth base along with negligible debt level. Rating takes into consideration equity infused by its promoters. Rating also derive strength from company’s established track record of
business operations and promoters extensive industry experience. However, rating strength is partially offset by intense competition
from organized and unorganized players in the industry, unfavourable gap
between trade payables and trade receivables and continue loss incurred by
the company. Business is active. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms ad 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 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-124-4412666)
LOCATIONS
|
Registered Office : |
1-B, Vikrant Enclave, Mayapuri, New Delhi – 110064, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9999570143 (Mr. Swarnima Bhardwaj) 91-9069145568 (Mrs. Shivani) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Corporate Office/ Head Office : |
Plot No. 88, Ground Floor, Udyog Vihar, Phase- IV, Gurugram - 122015, Haryana, India |
|
Tel. No.: |
91-124-4412695/ 4412696 |
|
|
|
|
Branch Office 1 : |
305, SNS Business Park, Opposite J.H. Ambani School, Udhna Magdalla
Road, Vesu, Surat-395009, Gujarat, India |
|
|
|
|
Branch Office : |
Also Located at
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ramaswamy Narayan |
||||||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No. EO - 91, EOGH - 93, Shri Harihant Society,
Gurugram – 122007, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.01.1967 |
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Date of Appointment : |
30.01.2012 |
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DIN No.: |
00304905 |
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|
Other Directorship:
|
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Parag Dhol |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A1, Block 1, Samita Castle, Apartment Varthur, Road, Nagavarapalya,
Bangalore – 560093, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.11.1968 |
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Date of Appointment : |
29.06.2012 |
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|
DIN No.: |
02641114 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mahendran Balchandran |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
301, F Block Raheja, Residency, Koramangala, Bangalore – 560034,
Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.12.1964 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.06.2013 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00121640 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Vani Kola |
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|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
7142, Prestige Shanitiniketan, ITPL Main Road, Whitefield,
Mahadevpura Post, Bangalore – 560048, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.01.1964 |
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|
Date of Appointment : |
19.12.2012 |
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|
DIN No.: |
01827653 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Swarnima Bhardwaj |
|
Designation : |
Company Secretary |
|
Address : |
H. No. 115, Housing Board Colony, Sector 7, Extension, Gurugram - 122001, Haryana, India |
|
Date of Appointment : |
31.03.2017 |
|
PAN No.: |
AXZPB8941P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders (Equity Shares) |
Equity |
Series A1 |
Series A2 |
Series A3 |
Series B |
|
Narayan Ramaswamy |
9870000 |
-- |
-- |
-- |
-- |
|
Debabrata Majumdar |
1466400 |
-- |
-- |
-- |
-- |
|
Snehashish Bhattacharjee |
1551000 |
-- |
-- |
-- |
-- |
|
Subinder Jeet Singh Khurana |
218550 |
-- |
-- |
-- |
-- |
|
Inventus Capital Partners (Mauritius) Limited |
-- |
6392 |
-- |
-- |
3337 |
|
Kalaari Capital Partners II LLC |
1431150 |
-- |
6392 |
-- |
3337 |
|
Accel India |
-- |
-- |
-- |
6392 |
6674 |
|
Total |
14537100 |
6392 |
6392 |
6392 |
13348 |
|
Names of Shareholders (Preference Shares) |
Series A |
Series B |
Series C |
Series D |
Series D1 |
Series D2 |
Series D3 |
|
Inventus Capital Partners (Mauritius) Limited |
5263248 |
2138500 |
571661 |
536364 |
-- |
194345 |
-- |
|
Kalaari Capital Partners II LLC |
5279792 |
2138500 |
3429825 |
1072775 |
-- |
777286 |
-- |
|
Accel India |
2136949 |
4277000 |
4001486 |
-- |
3104961 |
388643 |
-- |
|
India Assets Real Flexi Opportunities Development LLP |
-- |
-- |
47658 |
-- |
39809 |
-- |
-- |
|
Nandan Nilekani |
-- |
-- |
-- |
-- |
3104961 |
2137513 |
-- |
|
Kalaari Capital Partners II LLC |
-- |
-- |
-- |
-- |
-- |
-- |
2895388 |
|
Total |
12679989 |
8554000 |
8050630 |
1609139 |
6249731 |
3497787 |
2895388 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family Indian) |
88.45 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
1.50 |
|
Public/Other than promoters (Foreign institutional investors) |
9.98 |
|
Public/Other than promoters (Venture capital) |
0.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To engage as traders, distributors, consignors,
consignees, agents, factors, stockiest for all kinds of plants, equipment,
machinery, apparatus, tools, utensils, accessories, instruments, commodities,
substances, articles in general and specific for carrying on the business of
the company by way of using IT enabled systems and web based software and
including production, storage, distribution, marketing and sale of goods.
(Registered Activity) |
||||||
|
|
|
||||||
|
Products/ Services : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : (As on 2016) |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Harit Saris and Associates Chartered Accountants |
|
Address : |
104, Lower Ground, Pocket, A-8, Kalkaj I Extension, Delhi, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFH4096B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary |
Jijo India Private Limited (CIN No.: U52390DL2012PTC243777) |
CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital : INR 362.161 Million
Issued, Subscribed & Paid-up Capital : INR 288.059
Million
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17736408 |
Equity Shares |
INR 1/- each |
INR 17.736 Million |
|
44425000 |
Preference Shares |
INR 1/- each |
INR 44.425 Million |
|
|
Total
|
|
INR 62.161
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14569624 |
Equity Shares |
INR 1/- each |
INR 14.569
Million |
|
43536664 |
Preference Shares |
INR 1/- each |
INR 43.537 Million |
|
|
Total
|
|
INR 58.106
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 |
58.106 |
1.100 |
0.933 |
|
(b) Reserves and Surplus |
1291.053 |
865.912 |
610.529 |
|
(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) |
1349.159 |
867.012 |
611.462 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
77.778 |
39.642 |
40.645 |
|
(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 |
19.121 |
10.922 |
8.350 |
|
Total Non-current
Liabilities (3) |
96.899 |
50.564 |
48.995 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
163.325 |
0.000 |
230.000 |
|
(b) Trade
payables |
494.099 |
244.124 |
75.729 |
|
(c) Other
current liabilities |
77.851 |
51.820 |
23.205 |
|
(d) Short-term
provisions |
11.521 |
8.629 |
6.854 |
|
Total Current
Liabilities (4) |
746.796 |
304.573 |
335.788 |
|
|
|
|
|
|
TOTAL |
2192.854 |
1222.149 |
996.245 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6.895 |
6.872 |
4.747 |
|
(ii)
Intangible Assets |
5.499 |
7.807 |
6.754 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.022 |
0.210 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
99.443 |
73.100 |
63.148 |
|
(d)
Long-term loans and advances |
5.501 |
6.465 |
6.133 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
117.438 |
94.366 |
81.092 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
90.160 |
262.073 |
437.333 |
|
(b)
Inventories |
107.762 |
26.806 |
8.872 |
|
(c) Trade
receivables |
1601.639 |
530.114 |
287.247 |
|
(d) Cash and
bank balances |
199.070 |
189.152 |
136.735 |
|
(e)
Short-term loans and advances |
39.940 |
34.409 |
31.502 |
|
(f) Other
current assets |
36.845 |
85.229 |
13.464 |
|
Total
Current Assets |
2075.416 |
1127.783 |
915.153 |
|
|
|
|
|
|
TOTAL |
2192.854 |
1222.149 |
996.245 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
7823.435 |
3050.798 |
1218.797 |
|
|
Other Income |
144.846 |
48.433 |
39.515 |
|
|
TOTAL |
7968.281 |
3099.231 |
1258.312 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
7732.664 |
2977.568 |
1190.844 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(80.956) |
(17.933) |
(6.855) |
|
|
Employee benefit expense |
259.272 |
177.567 |
152.970 |
|
|
Other expenses |
159.717 |
167.995 |
107.317 |
|
|
TOTAL |
8070.697 |
3305.197 |
1444.276 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(102.416) |
(205.966) |
(185.964) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
35.952 |
22.434 |
12.105 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(138.368) |
(228.400) |
(198.069) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.586 |
8.931 |
6.301 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(145.954) |
(237.331) |
(204.370) |
|
|
|
|
|
|
|
Less |
TAX |
(26.343) |
(9.952) |
(34.206) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(119.611) |
(227.379) |
(170.164) |
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORTS |
120.112 |
73.826 |
248.240 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
(8.21) |
(733.50) |
(548.93) |
|
|
Diluted |
(2.06) |
(199.99) |
(182.37) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
66.667 |
45.448 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(906.044) |
(369.417) |
(276.662) |
|
Net cash flow from operating activity |
(906.044) |
(369.417) |
(276.662) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
74.72 |
63.42 |
86.02 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
4.88 |
5.75 |
4.24 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
23.32 |
29.93 |
23.21 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.95) |
(7.68) |
(20.96) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(8.26) |
(14.01) |
(15.88) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.41 |
0.32 |
0.38 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.23 |
0.10 |
0.44 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.55 |
0.35 |
0.55 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.01 |
0.02 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(2.85) |
(9.18) |
(15.36) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
(1.53) |
(7.45) |
(13.96) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(5.45) |
(18.60) |
(17.08) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(8.87) |
(26.23) |
(27.83) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.78 |
3.70 |
2.73 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.63 |
3.61 |
2.70 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.62 |
0.71 |
0.61 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.30 |
77.35 |
290.08 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.78 |
3.70 |
2.73 |
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 |
0.933 |
1.100 |
58.106 |
|
Reserves & Surplus |
610.529 |
865.912 |
1291.053 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
611.462 |
867.012 |
1349.159 |
|
|
|
|
|
|
Long-term borrowings |
40.645 |
39.642 |
77.778 |
|
Short term borrowings |
230.000 |
0.000 |
163.325 |
|
Total
borrowings |
270.645 |
39.642 |
241.103 |
|
Debt/Equity
ratio |
0.443 |
0.046 |
0.179 |
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 |
1218.797 |
3050.798 |
7823.435 |
|
|
|
150.312 |
156.439 |
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 |
1218.797 |
3050.798 |
7823.435 |
|
Profit/ (Loss) |
(170.164) |
(227.379) |
(119.611) |
|
|
(13.96%) |
(7.45%) |
(1.53%) |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
58.106 |
1.100 |
|
(b) Reserves and Surplus |
|
1289.944 |
864.830 |
|
(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) |
|
1348.050 |
865.930 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
77.778 |
39.642 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
19.121 |
10.923 |
|
Total Non-current
Liabilities (3) |
|
96.899 |
50.565 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
163.325 |
0.000 |
|
(b) Trade
payables |
|
494.252 |
244.267 |
|
(c) Other
current liabilities |
|
77.856 |
51.836 |
|
(d) Short-term
provisions |
|
11.521 |
8.629 |
|
Total Current
Liabilities (4) |
|
746.954 |
304.732 |
|
|
|
|
|
|
TOTAL |
|
2191.903 |
1221.227 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
6.894 |
6.872 |
|
(ii)
Intangible Assets |
|
5.502 |
7.812 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.023 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
99.577 |
73.221 |
|
(d)
Long-term loans and advances |
|
5.703 |
6.668 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
117.676 |
94.596 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
90.160 |
262.073 |
|
(b)
Inventories |
|
107.762 |
26.806 |
|
(c) Trade
receivables |
|
1601.639 |
530.123 |
|
(d) Cash and
bank balances |
|
199.089 |
189.285 |
|
(e)
Short-term loans and advances |
|
38.651 |
33.013 |
|
(f) Other
current assets |
|
36.926 |
85.331 |
|
Total
Current Assets |
|
2074.227 |
1126.631 |
|
|
|
|
|
|
TOTAL |
|
2191.903 |
1221.227 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
7823.435 |
3050.798 |
|
|
Other Income |
|
144.870 |
48.635 |
|
|
TOTAL |
|
7968.305 |
3099.433 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
|
7732.664 |
2977.124 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(80.956) |
(17.178) |
|
|
Employee benefit expense |
|
259.272 |
177.566 |
|
|
Other expenses |
|
159.776 |
168.276 |
|
|
TOTAL |
|
8070.756 |
3305.788 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
(102.451) |
(206.355) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
35.953 |
22.434 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(138.404) |
(228.789) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
7.589 |
8.935 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(145.993) |
(237.724) |
|
|
|
|
|
|
|
Less |
TAX |
|
(26.356) |
(9.927) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(119.637) |
(227.797) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
|
(8.21) |
(734.85) |
|
|
Diluted |
|
(2.06) |
(200.36) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
NOTE: The registered office of the company has been shifted from “406-A, Indraprastha Tower, 6, Commercial Complex, Wazirpur, New Delhi – 110052, India” to the present address w.e.f. 16.07.2014
BACKGROUND
The Company is a company incorporated as a private limited company under the Companies Act, 1956 on 30 January 2012. To engage as traders, distributors, consignors, consignees, agents, factors, stockiest for all kinds of plants, equipment, machinery, apparatus, tools, utensils, accessories, instruments, commodities, substances, articles in general and specific for carrying on the business of the company by way of using IT enabled systems and web based software and including production, storage, distribution, marketing and sale of goods.
OPERATIONS
The Company has reported standalone total income of INR 7968.281 Million for the current year as compared to INR 3099.231 Million in the previous year. The Net Loss for the year amounted to INR 119.611 Million in the current year as compared to INR 227.379 Million in the previous year.
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G77212454 |
100155235 |
HERO FINCORP LIMITED |
29/11/2017 |
- |
- |
50000000.0 |
34, COMMUNITY CENTRE, BASANT LOKVASANT VIHAR NEW DELHI 110057 INDIA |
|
2 |
G61932109 |
100092503 |
ADITYA BIRLA FINANCE LIMITED |
31/03/2017 |
31/10/2017 |
- |
100000000.0 |
Indian Rayon Compound, Veraval GUJARAT 362266 INDIA |
|
3 |
G29159241 |
100064917 |
AXIS BANK LTD. |
05/12/2016 |
- |
- |
250000000.0 |
2ND FLOOR, RED FORT CAPITAL, PARSVNATH TOWERS,GOLE MARKET, BHAI VEER SINGH MARG, NEW DELHI 110001 INDIA |
|
4 |
G31000045 |
10602977 |
InnoVen Capital India Private Limited |
19/11/2015 |
- |
08/12/2016 |
50000000.0 |
12th FLOOR, EXPRESS TOWERS, NARIMAN POINT, MUMBAI MAHARASHTRA 400021 INDIA |
|
5 |
G31000250 |
10559310 |
SVB INDIA FINANCE PRIVATE LIMITED |
20/03/2015 |
- |
08/12/2016 |
60000000.0 |
12th FLOOR, EXPRESS TOWERS, NARIMAN POINT, MUMBAI MAHARASHTRA 400021 INDIA |
|
6 |
C45844925 |
10443503 |
Bibby Financial Services (India) Private Limited |
23/07/2013 |
- |
04/03/2015 |
20000000.0 |
121, FIRST FLOORSECTOR – 44 GURGAON HARYANA 122003 INDIA |
FIXED ASSETS
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 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 65.04 |
|
|
1 |
INR 90.41 |
|
Euro |
1 |
INR 79.83 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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.