|
|
|
MIRA INFORM REPORT
|
Report No. : |
493985 |
|
Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ROSSARI BIOTECH LIMITED |
|
|
|
|
Registered
Office : |
201 A - B, 2nd Floor, Akruti Corporate Park, L.B.S. Marg, Next to GE
Gardens, Kanjurmarg (West), Mumbai – 400079, Maharashtra |
|
Tel. No.: |
91-22-61233800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
10.08.2009 |
|
|
|
|
Com. Reg. No.: |
11-194818 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 44.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2009PLC194818 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0303080761 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECR4325G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of chemicals. [Registered Activity] |
|
|
|
|
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 1700000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2009 and it is a manufacturer of
chemical and pharmaceutical products. As per the financials of March 2017, the company has registered growth
of 31.10% in its revenue as compared to its previous year and reported good
profit margin of 6.73% under review. Rating takes into consideration the company’s satisfactory track
record of business operations marked by healthy networth base along with
strong debt coverage indicators and good liquidity position. Further, the company has reported a good earnings per share of INR
35.72 against its face value of INR 10. Payments are seems to be regular. In view of aforesaid, the company can be considered good for business
dealings at usual trade terms and conditions.
|
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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 27.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Ashok Joshi |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-8879886776 |
|
Date : |
27.02.2018 |
LOCATIONS
|
Registered Office : |
201 A – B, 2nd Floor, Akruti Corporate Park, L.B.S. Marg,
Next to GE Gardens, Kanjurmarg (West), Mumbai – 400079, Maharashtra, India |
|
Tel. No.: |
91-22-61233800 / 61233846 / 25777604 / 25777605 |
|
Mobile No.: |
91-8879886776 (Mr. Ashok Joshi) |
|
Fax No.: |
91-22-61233846 / 25796982 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.10 and 11, Survey No. 90/1/10 and 90/1/111/1, Kumbhawadi, Village Naroli, Silvassa – 396235, Dadra and Nagar Haveli, India |
|
Tel. No.: |
91-260-6693000 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Edward Walter Menezes |
||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||
|
Address : |
601-602, Gem House, Hiranandani Gardens, Powai, Mumbai – 400706,
Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth: |
31.10.1960 |
||||||||||||||||||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2012 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00149205 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sunil Srinivasan Chari |
||||||||||||||||||||||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||||||||||||||||||||||
|
Address : |
B-902, Valencia Corporate Housing Society, Hiranandani Gardens, Powai,
Mumbai – 400076, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth: |
05.12.1965 |
||||||||||||||||||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.08.2009 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00149083 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Jyotishna Sunil Chari |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
B-902, Valencia Corporate Housing Society, Hiranandani Gardens, Powai,
Mumbai – 400076, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth: |
11.12.1969 |
||||||||||||||||||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.08.2009 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00149111 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Ms. Anita Menezes |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
601-602, Gem House, Hiranandani Gardens, Powai, Mumbai – 400706, Maharashtra,
India |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.08.2009 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00149262 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Malini Murli |
|
Designation : |
Export Import Department |
|
|
|
|
Name : |
Mr. Ashok Joshi |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Chari |
|
1952620 |
|
Edward Menezes |
|
1952620 |
|
Mikhail Menezes |
|
15000 |
|
Usha Chari |
|
15000 |
|
lyotishna Chari |
|
95280 |
|
Anita Menezes |
|
95280 |
|
Rossari Biotech India Private Limited, India |
|
274200 |
|
|
|
|
|
Total |
|
4400000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided Family
(Indian)] |
93.77 |
|
Promoters [Bodies
corporate] |
6.23 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of chemicals. [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 : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
V I Bhatia and Company Chartered Accountants |
|
Address : |
103 Gateway, Plaza Hiranandani, Gardens Powai, Mumbai –
400076, Maharashtra, India |
|
PAN No.: |
AAOPB4306J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company
: |
·
Neutron Impex Private Limited |
|
|
|
|
Joint venture : |
·
Buzil Rossari Private Limited |
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
· Rossari Manuchar (India) Private Limited ·
Glad Properties (India) Private Limited |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4400000 |
Equity Shares |
INR 10/- each |
INR 44.000 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 |
44.000 |
44.000 |
44.000 |
|
(b) Reserves & Surplus |
561.888 |
408.597 |
377.109 |
|
(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) |
605.888 |
452.597 |
421.109 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
24.262 |
65.246 |
79.545 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.943 |
|
(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) |
24.262 |
65.246 |
80.488 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
195.374 |
154.414 |
281.135 |
|
(b) Trade
payables |
336.017 |
283.516 |
186.891 |
|
(c) Other current
liabilities |
44.838 |
66.599 |
82.361 |
|
(d) Short-term
provisions |
11.367 |
15.784 |
15.914 |
|
Total Current
Liabilities (4) |
587.596 |
520.313 |
566.301 |
|
|
|
|
|
|
TOTAL |
1217.746 |
1038.156 |
1067.898 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
368.338 |
358.635 |
360.595 |
|
(ii)
Intangible Assets |
0.530 |
0.921 |
1.694 |
|
(iii)
Capital work-in-progress |
78.957 |
75.484 |
71.264 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.000 |
2.000 |
2.000 |
|
(c) Deferred tax assets (net) |
4.714 |
2.642 |
0.000 |
|
(d)
Long-term Loan and Advances |
7.589 |
6.159 |
5.993 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
462.128 |
445.841 |
441.546 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
235.086 |
250.421 |
311.855 |
|
(c) Trade
receivables |
473.393 |
289.623 |
244.077 |
|
(d) Cash
and cash equivalents |
20.574 |
20.096 |
9.520 |
|
(e)
Short-term loans and advances |
26.565 |
32.175 |
60.900 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
755.618 |
592.315 |
626.352 |
|
|
|
|
|
|
TOTAL |
1217.746 |
1038.156 |
1067.898 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2334.586 |
1780.797 |
1536.402 |
|
|
Other Income |
9.398 |
4.366 |
2.045 |
|
|
TOTAL |
2343.984 |
1785.163 |
1538.447 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1666.030 |
1238.848 |
1022.271 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.101) |
65.297 |
58.508 |
|
|
Employee benefit expense |
141.332 |
114.413 |
107.608 |
|
|
Expenditure on production, transportation
and Other expenditure pertaining to exploration
and production activities |
47.103 |
13.305 |
13.286 |
|
|
Other expenses |
242.177 |
225.951 |
200.792 |
|
|
TOTAL |
2091.541 |
1657.814 |
1402.465 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
252.443 |
127.349 |
135.982 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
21.231 |
34.270 |
42.794 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
231.212 |
93.079 |
93.188 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
42.680 |
45.038 |
46.201 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
188.532 |
48.041 |
46.987 |
|
|
|
|
|
|
|
Less |
TAX |
31.353 |
13.864 |
10.049 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
157.179 |
34.177 |
36.938 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
35.72 |
7.77 |
8.39 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
112.440 |
248.944 |
55.457 |
|
Net cash flows from (used in) operating activities |
77.198 |
232.391 |
42.851 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
74.01 |
59.36 |
57.98 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.93 |
6.15 |
6.29 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
73.62 |
83.53 |
66.73 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.07 |
0.51 |
0.44 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.56 |
0.29 |
0.31 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.50 |
0.56 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.36 |
0.49 |
0.86 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.97 |
1.15 |
1.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.74 |
0.96 |
1.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
11.89 |
3.72 |
3.18 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
6.73 |
1.92 |
2.40 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.91 |
3.29 |
3.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
25.94 |
7.55 |
8.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.29 |
1.14 |
1.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.89 |
0.66 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.50 |
0.44 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.99 |
4.99 |
8.20 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.29 |
1.14 |
1.11 |
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 |
44.000 |
44.000 |
44.000 |
|
Reserves & Surplus |
377.109 |
408.597 |
561.888 |
|
Net
worth |
421.109 |
452.597 |
605.888 |
|
|
|
|
|
|
Long-term borrowings |
79.545 |
65.246 |
24.262 |
|
Short term borrowings |
281.135 |
154.414 |
195.374 |
|
Total
borrowings |
360.680 |
219.660 |
219.636 |
|
Debt/Equity
ratio |
0.857 |
0.485 |
0.363 |
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 |
1536.402 |
1780.797 |
2334.586 |
|
|
|
15.907 |
31.098 |
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 |
1536.402 |
1780.797 |
2334.586 |
|
Profit/ (Loss) |
36.938 |
34.177 |
157.179 |
|
|
2.40
% |
1.92
% |
6.73
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
44.000 |
44.000 |
|
(b) Reserves and Surplus |
|
609.511 |
456.008 |
|
(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) |
|
653.511 |
500.008 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
24.262 |
68.339 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
24.262 |
68.339 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
195.374 |
154.414 |
|
(b) Trade
payables |
|
319.491 |
283.453 |
|
(c) Other
current liabilities |
|
44.860 |
67.551 |
|
(d) Short-term
provisions |
|
11.367 |
15.784 |
|
Total Current
Liabilities (4) |
|
571.092 |
521.202 |
|
|
|
|
|
|
TOTAL |
|
1248.865 |
1089.549 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
383.852 |
374.227 |
|
(ii)
Intangible Assets |
|
0.530 |
0.921 |
|
(iii) Tangible assets
capital work-in-progress |
|
78.957 |
75.484 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
|
3.980 |
2.515 |
|
(d)
Long-term
loans and advances |
|
7.975 |
6.544 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
475.319 |
459.716 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
236.141 |
250.734 |
|
(c) Trade
receivables |
|
474.615 |
309.859 |
|
(d) Cash and bank
balances |
|
23.288 |
26.793 |
|
(e)
Short-term loans and advances |
|
39.502 |
42.447 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
773.546 |
629.833 |
|
|
|
|
|
|
TOTAL |
|
1248.865 |
1089.549 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
2333.989 |
1786.575 |
|
|
Other Income |
|
9.962 |
3.783 |
|
|
TOTAL |
|
2343.951 |
1790.358 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1664.296 |
1238.291 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(5.843) |
67.543 |
|
|
Employee benefit expense |
|
141.939 |
115.337 |
|
|
Other expenses |
|
290.134 |
240.240 |
|
|
TOTAL |
|
2090.526 |
1661.411 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
253.425 |
128.947 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
21.395 |
35.279 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
232.030 |
93.668 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
42.758 |
45.157 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
189.272 |
48.511 |
|
|
|
|
|
|
|
Less |
TAX |
|
31.970 |
14.656 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
157.302 |
33.855 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
35.75 |
7.69 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
OPERATIONAL PERFORMANCE:
There is a quantum jump in the turnover of the company, a growth of around 31.10 %. The net surplus of the company increased by INR 124.680 million from the previous year. The Company is working on future growth prospects and new areas of business wherein the Company can gain an extra market in the industry. With the GST coming in, the company is expecting a further growth in its revenue from operations along with business expansion.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G41597907 |
100091613 |
THE SARASWAT CO-OP. BANK LIMITED |
18/04/2017 |
- |
- |
9571000.0 |
RASEC DEPARTMENT, 303 ISHAN ARCADE, 3RD FLOOR, OPP. GAMDEVI TEMPLE, GOKHALE ROAD, NAUPADA THANE (WEST), THANE 400602, MAHARASHTRA, INDIA |
|
2 |
G41599598 |
100091624 |
THE SARASWAT CO-OP. BANK LIMITED |
18/04/2017 |
- |
- |
9483000.0 |
RASEC DEPARTMENT, 303 ISHAN ARCADE, 3RD FLOOR, OPP. GAMDEVI TEMPLE, GOKHALE ROAD, NAUPADA THANE (WEST), THANE 400602, MAHARASHTRA, INDIA |
|
3 |
G41258419 |
100090367 |
THE SARASWAT CO-OP. BANK LIMITED |
30/03/2017 |
- |
- |
526000.0 |
RASEC DEPARTMENT, 303 ISHAN ARCADE, 3RD FLOOR, OPP. GAMDEVI TEMPLE, GOKHALE ROAD, NAUPADA THANE (WEST), THANE 400602, MAHARASHTRA, INDIA |
|
4 |
G41258922 |
100090369 |
THE SARASWAT CO-OP. BANK LIMITED |
30/03/2017 |
- |
- |
634000.0 |
RASEC DEPARTMENT, 303 ISHAN ARCADE, 3RD FLOOR, OPP. GAMDEVI TEMPLE, GOKHALE ROAD, NAUPADA THANE (WEST), THANE 400602, MAHARASHTRA, INDIA |
|
5 |
G41260100 |
100090372 |
THE SARASWAT CO-OP. BANK LIMITED |
30/03/2017 |
- |
- |
2054000.0 |
RASEC DEPARTMENT, 303 ISHAN ARCADE, 3RD FLOOR, OPP. GAMDEVI TEMPLE, GOKHALE ROAD, NAUPADA THANE (WEST), THANE 400602, MAHARASHTRA, INDIA |
|
6 |
G39627179 |
100086672 |
THE SARASWAT CO-OP. BANK LIMITED |
01/03/2017 |
- |
- |
700000.0 |
RASEC DEPARTMENT, 303 ISHAN ARCADE, 3RD FLOOR, OPP. GAMDEVI TEMPLE, GOKHALE ROAD, NAUPADA THANE (WEST), THANE 400602, MAHARASHTRA, INDIA |
|
7 |
C61178141 |
10584871 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
27/07/2015 |
- |
- |
106000000.0 |
52/60, MAHATMA GANDHI ROAD, FORT MUMBAI 400001, MAHARASHTRA, INDIA |
|
8 |
C62225610 |
10540272 |
KOTAK MAHINDRA BANK LIMITED |
12/12/2014 |
01/07/2015 |
- |
228000000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI 400051, MAHARASHTRA, INDIA |
|
9 |
B40792103 |
10358555 |
THE SARASWAT CO-OPERATIVE BANK LTD |
13/04/2012 |
- |
- |
1525000.0 |
MATUGA EAST BRANCH, PIONEER HIGH SCHOOL BLDG TELANG ROAD, MATUNGA (EAST) (CR) MUMBAI 400019, MAHARASHTRA, INDIA |
|
10 |
B32290066 |
10335957 |
DEPARTMENT OF BIOTECHNOLOGY |
25/12/2011 |
- |
- |
16185000.0 |
6-8TH FLOOR, BLOCK NO. 2,CGO COMPLEX, LODHI ROAD, NEW DELHI110003, INDIA |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
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.