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|
MIRA INFORM REPORT
|
Report No. : |
493877 |
|
Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
MEHTA FLEX LLP |
|
|
|
|
Formerly known
as: |
MEHTA FLAX PRIVATE LIMITED (w.e.f. December 2000) MEHTA FLEX PRIVATE LIMITED |
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Registered
Office : |
B-48, New Empire Industrial Estate, Kondivita Road, Andheri (East),
Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-28366208 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2017 (MEHTA FLEX LLP) 31.03.2016 (MEHTA FLEX PRIVATE LIMITED) |
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|
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|
Date of
Establishment : |
17.08.2016 |
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|
|
|
Obligation of
contribution: |
INR 4.740 Million |
|
|
|
|
LLPIN : |
AAH-1643 |
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|
|
|
IEC No.: [Import-Export Code No.] |
0300009500 |
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TIN No.: |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCM8800G1ZL (MEHTA FLEX PRIVATE LIMITED) |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
ABDFM5196P (MEHTA FLEX LLP) AABCM8800G (MEHTA FLEX PRIVATE LIMITED) |
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|
Legal Form : |
Limited Liability Partnership |
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Line of Business
: |
(Registered Activity) |
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No. of Employees
: |
Information denied 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 |
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|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Ms. Shobha (Office Executive) claimed that the subject was
incorporated in the year 1999 as a private limited with the name of “Mehta
Flax Private Limited” and in December 2000 its name changed to “Mehta Flex
Private Limited”. Later in August 2016 it has been converted in to LLP with
the name of “Mehta Flex LLP”. Further, she also claimed that the activity is in continuation since
its incorporation. As per the financials of march 2017, the firm has achieved healthy
revenue from its operations and reported fair profit margin of 7.31%. Rating takes into consideration the firm’s established track record of
business operations marked by sound capital base along with low solvency
indictors and good liquidity position. Payments seems to be regular. In view of aforesaid, the firm 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.
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 24.02.2018
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
Management non co-operative (91-22-28366208)
LOCATIONS
|
Registered Office : |
B-48, New Empire Industrial Estate, Kondivita Road, Andheri (East),
Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-28366208 |
|
Fax No.: |
91-22-28365901 |
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E-Mail : |
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|
Website : |
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Factory : |
Survey No. 376/2 (4,5,6), 376/8 and 380/1(5A), Zaricauseway Road, Kachigam, Daman, Daman and Diu, India |
PARTNERS
|
Name : |
Mr. Vijay Nagraj Mehta |
|
Designation : |
Designated Partner |
|
Address : |
402, Bharat Apartment, |
|
Date of Birth/Age : |
06.06.1964 |
|
PAN No: |
AACPM3735C |
|
Date of Appointment : |
17.08.2016 |
|
DPIN No.: |
00898178 |
|
|
|
|
Name : |
Mr. Ranjit Nagraj Mehta |
|
Designation : |
Designated Partner |
|
Address : |
205/B, Natasha Garden, 2nd Floor, N. Dutta Marg, Four Bunglow, Andheri (West), Mumbai-400058, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1958 |
|
Date of Appointment : |
17.08.2016 |
|
PAN No : |
AACPM3739Q |
|
DPIN No.: |
00898061 |
|
|
|
|
Name : |
Mr. Kantilal Nagraj Mehta |
|
Designation : |
Designated Partner |
|
Address : |
B-502, Shree Gagandeep Co-operative Housing Society Limited, Gulmohar X, RD No. JVPD Scheme, Vile Parle (West), Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1979 |
|
Date of Appointment : |
17.08.2016 |
|
DPIN No.: |
07525269 |
|
|
|
|
Name : |
Mrs. Nirmala Ranjit Mehta |
|
Designation : |
Designated Partner |
|
Address : |
301, Raheha Haven, off 10th Road, HJuhu Scheme, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
08.04.1960 |
|
Date of Appointment : |
17.08.2016 |
|
PAN No.: |
AALPM2684B |
|
|
|
|
Name : |
Mr. Pratik Ranjit Mehta |
|
Designation : |
Designated Partner |
|
Address : |
205, B Natsha Garden, 2nd Floor, n Dutta Marg, 4 Bunglows, Andheri (West), Mumbai - 400058 Maharashtra, India |
|
Date of Birth/Age : |
12.09.1987 |
|
Date of Appointment : |
17.08.2016 |
|
PAN No.: |
AACPM3742M |
|
|
|
|
Name : |
Mr. Rahul Mehta |
|
Designation : |
Designated Partner |
|
Address : |
B-502, Shree Gagandeep Co-operative Housing Society Limited, Gulmohar X, RD No. JVPD Scheme, Vile Parle (West), Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1979 |
|
Date of Appointment : |
17.08.2016 |
|
PAN No.: |
AACPM3740K |
|
|
|
|
Name : |
Sunita Mehta |
|
Designation : |
Designated Partner |
|
Address : |
701, Shivling Apartment, N.S. Road No.10, JVPD Scheme, Opposite IDBI Bank, Juhu, , Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
07.11.1965 |
|
Date of Appointment : |
17.08.2016 |
|
PAN No.: |
AACPM3737A |
|
|
|
|
Name : |
Usha Mehta |
|
Designation : |
Designated Partner |
|
Address : |
B-502, Shree Gagandeep Co-operative Housing Society Limited, Gulmohar X, RD No. JVPD Scheme, Vile Parle (West), Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
24.06.1956 |
|
Date of Appointment : |
17.08.2016 |
|
PAN No.: |
AACPM3736B |
CONTRIBUTION DETAILS
As on 31.03.2017
|
Names of Persons |
INR in Million |
|
Rahul Kantilal Mehta |
0.470 |
|
Nirmala Ranjit Mehta |
0.500 |
|
Usha Kantilal Mehta |
0.390 |
|
Sunita Mehta |
0.710 |
|
Pratik Mehta |
0.425 |
|
Kantilal Mehta |
0.720 |
|
Vijay Mehta |
0.870 |
|
Ranjit
Mehta |
0.655 |
|
Total |
4.740 |
BUSINESS DETAILS
|
Line of Business : |
(Registered Activity) |
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|
Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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|
Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management
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Bankers : |
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Facilities : |
INR In Million)
|
|
Auditors : |
|
|
Name : |
R Trivedi and Associates Chartered Accountants |
|
Address : |
119, Ranjit Studio, G-Block, Ground Floor, D.S.P Road, Dadar (East),
Mumbai-400014, Maharashtra, India |
|
PAN No.: |
AABPT8670Q |
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|
|
Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Associates: |
|
CONTRIBUTION
MEHTA
FLEX LLP
AS ON 31.03.2017
|
Total Obligation of contribution |
INR 4.740 Million |
MEHTA
FLEX PRIVATE LIMITED
As on 01.07.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
474000 |
Equity Shares |
INR 10/-
each |
INR 4.740
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
(MEHTA
FLEX LLP)
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
4.740 |
|
(b) Reserves &
Surplus |
|
|
767.878 |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
|
772.618 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
254.784 |
|
(b) Trade payables |
|
|
896.742 |
|
(c) Other current
liabilities |
|
|
3.747 |
|
(d) Short-term provisions |
|
|
24.899 |
|
Total Current Liabilities
(4) |
|
|
1180.172 |
|
|
|
|
|
|
TOTAL |
|
|
1952.790 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
633.846 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets
under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax assets
(net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
1.055 |
|
(e) Other Non-current
assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
634.901 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
163.830 |
|
(c) Trade receivables |
|
|
152.094 |
|
(d) Cash and cash
equivalents |
|
|
209.089 |
|
(e) Short-term loans and
advances |
|
|
792.876 |
|
(f) Other current assets |
|
|
0.000 |
|
Total Current Assets |
|
|
1317.889 |
|
|
|
|
|
|
TOTAL |
|
|
1952.790 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
742.344 |
|
|
Other Income |
|
|
12.678 |
|
|
TOTAL |
|
|
755.022 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
408.747 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(2.325) |
|
|
Employees benefits
expense |
|
|
18.709 |
|
|
Other expenses |
|
|
180.559 |
|
|
TOTAL |
|
|
605.690 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
149.332 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
8.882 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
140.450 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
85.537 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
54.913 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
19.745 |
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
35.168 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
31.03.2017 |
|
Current Maturities of Long term debt |
|
|
NA |
|
Cash generated from operations |
|
|
(55.042) |
|
Net cash flows from (used in) operations |
|
|
(55.042) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
|
74.78 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
|
4.88 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
|
800.77 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
|
0.91 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
|
0.24 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
|
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
|
0.33 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
|
1.53 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
|
0.82 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
|
16.81 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
31.03.2017 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
|
4.74 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
|
1.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
|
4.55 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
|
1.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
|
0.98 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
|
0.40 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
|
53.75 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
|
1.12 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
ABRIDGED
BALANCE SHEET
(MEHTA FLEX PRIVATE LIMITED)
|
SOURCES OF FUNDS |
30.06.2016 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.740 |
4.740 |
4.740 |
|
(b) Reserves & Surplus |
721.927 |
679.580 |
532.817 |
|
(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) |
726.667 |
684.320 |
537.557 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
3.837 |
1.853 |
|
(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) |
0.000 |
3.837 |
1.853 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
64.681 |
57.233 |
28.363 |
|
(c) Other current
liabilities |
7.489 |
18.549 |
4.784 |
|
(d) Short-term
provisions |
35.092 |
32.971 |
18.440 |
|
Total Current
Liabilities (4) |
107.262 |
108.753 |
51.587 |
|
|
|
|
|
|
TOTAL |
833.929 |
796.910 |
590.997 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
217.698 |
225.801 |
161.312 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
74.550 |
46.990 |
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) |
6.311 |
5.628 |
1.029 |
|
(d) Long-term Loan and Advances |
3.356 |
0.855 |
1.355 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
301.915 |
279.274 |
163.696 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
99.793 |
107.398 |
166.657 |
|
(c) Trade
receivables |
214.223 |
204.693 |
145.857 |
|
(d) Cash
and cash equivalents |
159.749 |
157.767 |
95.222 |
|
(e)
Short-term loans and advances |
58.249 |
47.778 |
19.565 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
532.014 |
517.636 |
427.301 |
|
|
|
|
|
|
TOTAL |
833.929 |
796.910 |
590.997 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
2008.725 |
1990.559 |
|
|
Other Income |
|
12.689 |
2.061 |
|
|
TOTAL
|
|
2021.414 |
1992.620 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
1159.790 |
1277.790 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
10.848 |
(6.056) |
|
|
Employees benefits expense |
|
186.922 |
177.998 |
|
|
Other expenses |
|
394.328 |
363.894 |
|
|
TOTAL
|
|
1751.888 |
1813.626 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
269.526 |
178.994 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.625 |
3.460 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
268.901 |
175.534 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
42.180 |
48.141 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
226.721 |
127.393 |
|
|
|
|
|
|
|
Less |
TAX |
|
79.957 |
44.987 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
146.764 |
82.406 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
310.00 |
174.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
30.06.2016 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
2.545 |
0.000 |
|
Cash generated from operation |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
273.897 |
282.511 |
|
Net cash flows from (used in) operating activities |
NA |
203.442 |
238.208 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
30.06.2016 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
NA |
37.19 |
26.75 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
NA |
9.81 |
13.65 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
NA |
18.01 |
8.10 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
NA |
2.51 |
1.07 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
NA |
0.99 |
1.11 |
LEVERAGE RATIOS
|
PARTICULARS |
30.06.2016 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.13 |
0.14 |
0.09 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.01 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.15 |
0.16 |
0.10 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.40 |
0.40 |
0.30 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
NA |
431.24 |
51.73 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
30.06.2016 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
NA |
7.31 |
4.14 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
NA |
18.42 |
13.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
NA |
21.45 |
15.33 |
SOLVENCY RATIOS
|
PARTICULARS |
30.06.2016 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
4.96 |
4.76 |
8.28 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
4.03 |
3.77 |
5.05 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.87 |
0.86 |
0.91 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
1.35 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
4.96 |
4.76 |
8.28 |
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 |
30.06.2016 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Share Capital |
4.740 |
4.740 |
4.740 |
|
Reserves & Surplus |
532.817 |
679.580 |
721.927 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
537.557 |
684.320 |
726.667 |
|
|
|
|
|
|
long-term borrowings |
1.853 |
3.837 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1.853 |
3.837 |
0.000 |
|
Debt/Equity
ratio |
0.003 |
0.006 |
0.000 |
YEAR ON YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
|
|
(INR
in Million) |
(INR
in Million) |
|
Sales |
1990.559 |
2008.725 |
|
|
|
0.913 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
|
|
(INR
in Million) |
(INR
in Million) |
|
Sales |
1990.559 |
2008.725 |
|
Profit |
82.406 |
146.764 |
|
|
4.14% |
7.31% |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
26 |
Turnover of firm for last three year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three year |
Yes |
|
30 |
Major shareholders, if available |
No |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
|
LONG TERM BORROWINGS |
|
|
Loans and
advances from related parties |
243.474 |
|
Total |
243.474 |
INDEX OF CHARGE: No Charges Exists for Company
FIXED ASSETS
·
Freehold Land
·
Buildings
·
Plant and Machinery
·
Motor Vehicles
·
Furniture and Fixtures
·
Office Equipment’s
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 64.05 |
|
|
1 |
INR 90.41 |
|
Euro |
1 |
INR 79.83 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUP |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
NKTS |
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 |
NO |
|
--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.