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|
MIRA INFORM REPORT
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Report No. : |
493674 |
|
Report Date : |
26.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ORIENTAL ENTERPRISE PRIVATE LIMITED (28.02.2013) BAKUBHAI AMBALAL A DIVISION OF ORIENTAL ENTERPRISE PRIVATE
LIMITED |
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|
Formerly Known
As : |
SARABHAI MACHINERY PRIVATE LIMITED AMBALAL SARABHAI RESEARCH PRIVATE LIMITED |
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Registered
Office : |
At and Post Ranoli Village District, Vadodara – 391350,
Gujarat |
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Tel. No.: |
91-265-2232936/2231663 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
18.01.1978 |
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Com. Reg. No.: |
04-003085 |
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Capital
Investment / Paid-up Capital : |
INR 121.200 Million |
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CIN No.: [Company Identification
No.] |
U73100GJ1978PTC003085 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
24AAFCV0270R1ZZ |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAFCV0270R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Construction of Machinery. (Registered Activity) ·
Subject is operates two divisions, a manufacturing
division, with facilities located at Vadodara and a capital good trading
division. Its manufacturing division engaged in production of process
equipment like centrifuges, heat exchangers, pressure vessels, reactors and
vehicle washing machines. Its is trading division is involved in import and
distribution of various machines made by reputed international manufacturers
used in industries such as textiles, chemicals, rubber and packaging. It also
provides servicing and annual maintenance contracts to entities to which it
has sold the machines. (From indirect source) |
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|
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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)
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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 1978 having satisfactory track record. Management has failed to file its financials for the year 2017 with Registrar of Companies. As per available financials of 2016, the company has reported a dip in its revenue as compared to its previous year and has registered thin profit margin during the year. The company possesses satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operation and well-experienced promoters in capital good industry along with strong clientele. However, these rating strengths gets partially offset by high working capital intensive nature of operations, susceptibility of its profitability to volatility in raw material prices and presence in competitive capital goods industry. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CARE |
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Rating |
Long Term Rating = BB+ |
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Rating Explanation |
Moderate risk of default |
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Date |
16.02.2018 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
16.02.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 26.02.2018
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 (91-22-25791702/25791709/25791710/79-26402843/2375
(2375256-2232936/2231663)
LOCATIONS
|
Registered Office : |
At and Post Ranoli Village District, Vadodara – 391350,
Gujarat, India |
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Tel. No.: |
91-265-2232936/2231663 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Branch office 1: |
Oriental House, S.V. Kinariwala Road, Law Garden, Ellisbridge,
Ahmedabad -380006, Gujarat, India |
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Branch Office : |
Also Located At:
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DIRECTORS
AS ON 31.03.2017
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Name : |
Mr. Tej Jitendrabhai Shah |
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Designation : |
Director |
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Address : |
32, Shyamal Row House, Part -2, Satelite Road, Ahmedabad –
380015, Gujarat, India |
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Date of Birth/Age : |
17.12.1976 |
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Date of Appointment : |
25.03.2016 |
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DIN No.: |
00023099 |
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Other Directorship:
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Name : |
Mr. Pranjal Siddharth Patel |
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Designation : |
Director |
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Address : |
199, Revaranya, Opposite Yogashram Society, Shreyas Tekra,
Ahmedabad - 380015, Gujarat, India |
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Date of Appointment : |
07.01.2013 |
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DIN No.: |
00049872 |
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Other Directorship:
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Name : |
Mr. Vishwesh Patel |
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Designation : |
Director |
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Address : |
199, Revaranya, Opposite Yogashram Society, Shreyas Tekra,
Ahmedabad - 380015, Gujarat, India |
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Date of Appointment : |
07.01.2013 |
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DIN No.: |
00503666 |
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Other Directorship:
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Name : |
Mr. Narayan Madhavrao Joshi |
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Designation : |
Director |
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Address : |
102, Jaldarshan Extension New Jaldarshan Cooperative Housing
Society, Chimbai Road, Bandra (W), Mumbai – 400050, Maharashtra, India |
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Date of Appointment : |
24.02.1988 |
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DIN No.: |
00727918 |
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Name : |
Mr. Jigar Rameshchandra Patel |
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Designation : |
Director |
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Address : |
377/18, Satyagrah Chavani, Satellite Road, Ahmedabad –
380015, Gujarat, India |
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Date of Appointment : |
07.01.2013 |
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DIN No.: |
06484959 |
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Other Directorship:
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MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
|
Sidhhart C Patel |
25950 |
|
Smt Viraj Sidharth Patel |
32550 |
|
Construction (I) Private Limited |
162500 |
|
Oriental Exim Private Limited |
60050 |
|
Apex Distributors Private Limited |
15625 |
|
Vishvesh S Patel |
382875 |
|
Oriental Finstock Services Limited |
28825 |
|
S C Patel Huf |
28750 |
|
Pranjal S Patel |
354875 |
|
Namrata Patel |
20000 |
|
Nirali Patel |
42000 |
|
Sanidhya Securities Private Limited |
36000 |
|
Jigger Patel |
8000 |
|
Hetal Patel |
8000 |
|
Rameshchandra Patel |
6000 |
|
Total |
1212000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
75.56 |
|
Promoters- Others |
22.62 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
1.82 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Construction of Machinery. (Registered Activity) ·
Subject is operates two divisions, a manufacturing
division, with facilities located at Vadodara and a capital good trading
division, its manufacturing division engaged in production of process
equipment like centrifuges, heat exchangers, pressure vessels, reactors and
vehicle washing machines. Subject is trading division is involved in import
and distribution of various machines made by reputed international
manufacturers used in industries such as textiles, chemicals, rubber and
packaging. It also provides servicing and annual maintenance contracts to
entities to which it has sold the machines. (From indirect source) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
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Auditors : |
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|
Name : |
Sorab S. Engineer and Company. Chartered Accountants |
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Address : |
909, Atma House, Opposite R. B.I. ,Ahmedabad, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFS5191E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company: |
Oriental Nicco Products Private Limited – [U45200GJ2011PTC066920] |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 100/- each |
INR 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1212000 |
Equity Shares |
INR 100/- each |
INR 121.200 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
121.200 |
121.200 |
105.000 |
|
(b) Reserves and Surplus |
55.045 |
52.858 |
40.838 |
|
(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) |
176.245 |
174.058 |
145.838 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
62.663 |
81.323 |
64.502 |
|
(b) Deferred tax liabilities (Net) |
7.045 |
6.209 |
6.186 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.750 |
|
Total Non-current
Liabilities (3) |
69.708 |
87.532 |
71.438 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
158.781 |
157.403 |
163.381 |
|
(b) Trade
payables |
215.594 |
98.728 |
104.262 |
|
(c) Other
current liabilities |
34.374 |
29.199 |
54.194 |
|
(d) Short-term
provisions |
5.340 |
3.658 |
3.981 |
|
Total Current
Liabilities (4) |
414.089 |
288.988 |
325.818 |
|
|
|
|
|
|
TOTAL |
660.042 |
550.578 |
543.094 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
62.538 |
66.593 |
62.942 |
|
(ii)
Intangible Assets |
1.155 |
1.775 |
2.168 |
|
(iii) Tangible assets
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 |
146.728 |
111.728 |
0.928 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
2.083 |
4.334 |
10.483 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
212.504 |
184.430 |
76.521 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
213.697 |
167.308 |
108.165 |
|
(c) Trade
receivables |
99.530 |
146.496 |
168.720 |
|
(d) Cash and
bank balances |
18.682 |
13.603 |
50.466 |
|
(e)
Short-term loans and advances |
114.276 |
37.880 |
137.915 |
|
(f) Other current
assets |
1.353 |
0.861 |
1.307 |
|
Total
Current Assets |
447.538 |
366.148 |
466.573 |
|
|
|
|
|
|
TOTAL |
660.042 |
550.578 |
543.094 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
644.668 |
709.004 |
500.500 |
|
|
Other Income |
4.624 |
6.114 |
7.554 |
|
|
TOTAL |
649.292 |
715.118 |
508.054 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
105.658 |
161.535 |
221.545 |
|
|
Purchases of
Stock-in-Trade |
393.267 |
354.436 |
14.515 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(30.986) |
(60.098) |
17.407 |
|
|
Employee benefit expense |
45.825 |
46.205 |
46.111 |
|
|
Other expenses |
83.334 |
159.959 |
170.355 |
|
|
TOTAL |
597.098 |
662.037 |
469.933 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
52.194 |
53.081 |
38.121 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
41.026 |
38.315 |
25.477 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
11.168 |
14.766 |
12.644 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.883 |
6.341 |
5.196 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3.285 |
8.425 |
7.448 |
|
|
|
|
|
|
|
Less |
TAX |
1.098 |
2.724 |
1.776 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
2.187 |
5.701 |
5.672 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
23.655 |
47.112 |
217.370 |
|
|
TOTAL EARNINGS |
23.655 |
47.112 |
217.370 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
9.342 |
10.591 |
10.192 |
|
|
Components and spare
parts |
12.638 |
2.053 |
0.590 |
|
|
Capital Goods |
0.950 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
22.930 |
12.645 |
10.782 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.804 |
4.704 |
4.680 |
.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
16.651 |
6.233 |
14.369 |
|
Cash generated from operations |
89.099 |
116.999 |
30.993 |
|
Net cash flows from (used in) operations |
86.691 |
113.030 |
3.440 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
56.35 |
75.42 |
123.04 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.48 |
4.84 |
2.97 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
157.72 |
69.84 |
161.21 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.24 |
0.32 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.82 |
0.78 |
0.59 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.75 |
0.68 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.35 |
1.41 |
1.66 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.35 |
1.66 |
2.23 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.36 |
0.39 |
0.45 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.27 |
1.39 |
1.50 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.34 |
0.80 |
1.13 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.33 |
1.04 |
1.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.24 |
3.28 |
3.89 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.08 |
1.27 |
1.43 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.56 |
0.69 |
1.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.27 |
0.32 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.96 |
2.02 |
2.31 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.08 |
1.27 |
1.43 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
105.000 |
121.200 |
121.200 |
|
Reserves & Surplus |
40.838 |
52.858 |
55.045 |
|
Net
worth |
145.838 |
174.058 |
176.245 |
|
|
|
|
|
|
Long-term borrowings |
64.502 |
81.323 |
62.663 |
|
Short term borrowings |
163.381 |
157.403 |
158.781 |
|
Current maturities of
long-term debts |
14.369 |
6.233 |
16.651 |
|
Total
borrowings |
242.252 |
244.959 |
238.095 |
|
Debt/Equity
ratio |
1.661 |
1.407 |
1.351 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
500.500 |
709.004 |
644.668 |
|
|
0.000 |
41.659 |
(9.074) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
500.500 |
709.004 |
644.668 |
|
Profit/ (Loss) |
5.672 |
5.701 |
2.187 |
|
|
1.13
% |
0.80
% |
0.34
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
121.200 |
121.200 |
|
(b) Reserves and Surplus |
58.633 |
53.145 |
|
(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) |
179.833 |
174.345 |
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
(a) long-term borrowings |
69.279 |
91.822 |
|
(b) Deferred tax liabilities (Net) |
7.087 |
6.251 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
76.366 |
98.073 |
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
(a) Short-term
borrowings |
303.674 |
262.032 |
|
(b) Trade
payables |
458.604 |
107.000 |
|
(c) Other
current liabilities |
58.225 |
23.813 |
|
(d) Short-term provisions |
5.340 |
3.658 |
|
Total Current
Liabilities (4) |
825.843 |
396.503 |
|
|
|
|
|
TOTAL |
1082.042 |
668.921 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1)
Non-current assets |
|
|
|
(a) Fixed
Assets |
|
|
|
(i)
Tangible assets |
81.819 |
66.852 |
|
(ii) Intangible
Assets |
87.489 |
97.875 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.828 |
0.828 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
2.712 |
4.256 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
|
Total Non-Current
Assets |
172.848 |
169.811 |
|
|
|
|
|
(2)
Current assets |
|
|
|
(a)
Current investments |
0.000 |
0.000 |
|
(b)
Inventories |
241.797 |
167.308 |
|
(c) Trade
receivables |
437.370 |
230.983 |
|
(d) Cash and
bank balances |
78.821 |
55.207 |
|
(e)
Short-term loans and advances |
136.896 |
38.301 |
|
(f) Other
current assets |
14.310 |
7.311 |
|
Total
Current Assets |
909.194 |
499.110 |
|
|
|
|
|
TOTAL |
1082.042 |
668.921 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
Total
Revenue from operations |
1034.256 |
794.262 |
|
|
Other Income |
5.731 |
6.341 |
|
|
TOTAL |
1039.987 |
800.603 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
105.658 |
161.535 |
|
|
Purchases of
Stock-in-Trade |
638.506 |
374.365 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(59.086) |
(60.098) |
|
|
Employee benefit expense |
112.242 |
102.577 |
|
|
Other expenses |
150.389 |
167.785 |
|
|
TOTAL |
947.709 |
746.164 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
92.278 |
54.439 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
65.961 |
38.927 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
26.317 |
15.512 |
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
19.731 |
6.671 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
6.586 |
8.841 |
|
|
|
|
|
|
Less |
TAX |
1.098 |
2.852 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
5.488 |
5.989 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.528 |
4.941 |
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 |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY'S
AFFAIRS/ OPERATIONS
Total revenue from the operations during the year was INR 644.667 Million as against INR 709.004Million of the previous year registering a decline of 9.07% over the last financial year. Total Income during the financial year was INR 649.292 Million - as against INR 715.119 Million decline by 9.21%. Profit before tax for the year under review was INR 3.304 Million as compared to INR 8.425 Million in the previous financial year. Profit before tax has decreased by 60.78%. The Company is taking all possible steps to increase its profits.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and
advances from related parties |
2.753 |
8.528 |
|
Total |
2.753 |
8.528 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C52524964 |
10007937 |
BOI CONSORTIUM - BOI LEAD BANK OF INDIA AND DENA BANK |
27/03/2006 |
31/03/2014 |
- |
318600000.0 |
NAVRANGPURA BRANCH GROUND FLOOR BOI BLDGNR SWASTIK CHAR RASTA, C. G. ROAD, NAVRANGPURAAHMEDABADGJ380009IN |
|
2 |
C53007399 |
10085282 |
BOI CONSORTIUM - BOI LEAD - BANK OF INDIA + DENA BANK |
27/03/2006 |
12/05/2015 |
- |
318600000.0 |
NAVRANGPURA BRANCH GROUND FLOOR BOI BLDGNR SWASTIK CHAR RASTA, C. G. ROAD, NAVRANGPURAAHMEDABADGJ380009IN |
|
3 |
G01775071 |
10478875 |
PNB HOUSING FINANCE LIMITED |
27/01/2014 |
- |
07/04/2016 |
65000000.0 |
9TH FLOORANTRIKSH BHAWAN22 K G MARGNEW DELHIDL110001IN |
|
4 |
C52525623 |
80001108 |
BANK OF INDIA |
27/03/2006 |
- |
21/04/2015 |
70000000.0 |
2 FLOOR ,BANK OF INDIA BUILDING , BHADRAAHMEDABADGJ380001IN |
|
5 |
B81822710 |
10141837 |
BANK OFINDIA |
17/01/2009 |
- |
10/08/2013 |
5000000.0 |
BHADRA BRANCHLAL DARWAJAAHMEDABADGJ380001IN |
|
6 |
B81806440 |
10358011 |
BANK OF INDIA |
11/05/2012 |
- |
10/08/2013 |
20000000.0 |
NAVRANGPURA BRANCH GROUND FLOOR BOI BLDGNR SWASTIK CHAR RASTA, C. G. ROAD, NAVRANGPURAAHMEDABADGJ380009IN |
|
7 |
A34597658 |
90111797 |
INDUSTRIAL BANK LTD. |
24/11/2004 |
- |
31/12/2007 |
29000000.0 |
WORLD BUSINESS HOUSE M.G. ROADNEAR PARIMAL GARDEN ELLISPRIDGEAHMEDABADNGJ380006IN |
|
8 |
A34096495 |
90110674 |
BANK OF BARODA |
13/01/2004 |
- |
05/12/2007 |
4750000.0 |
OLD PADRA ROAD BRANCHOLD PADRA ROADBARODAGJIN |
|
9 |
Y10199421 |
90109729 |
SARDAR VALLABHBHAI SAHAKARI BANK LTD |
12/01/1998 |
- |
12/06/1999 |
4000000.0 |
SALAPOS ROADAHMEDABADGJ380001IN |
FIXED ASSETS:
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- 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 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
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 |
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.