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|
|
MIRA
INFORM REPORT
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Report No. : |
493888 |
|
Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRINITY TOUCH PRIVATE LIMITED |
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Formerly Known
As : |
URANUS AGENCIES PRIVATE LIMITED |
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Registered
Office : |
D 10 Defence Coloney, New Delhi – 110024 |
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Tel. No.: |
91-11-30895900 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
26.06.1970 |
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Com. Reg. No.: |
55-005320 |
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Capital
Investment / Paid-up Capital : |
INR 109.183 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1970PTC005320 |
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IEC No.: [Import-Export Code No.] |
0589053850 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCT4747M |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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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 |
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Status : |
Good |
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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 1970. It is a manufacturer of all kinds of Electricals, Electronics and related Materials including Modular optical couplers Modular Terminal Blocks. For the financial year ended 2016, the revenue of the company has increased by 58.76% along with fair profit margin of 7%. The sound financial profile of the company is marked by adequate networth base along with negligible debt level. The rating takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. However, rating strengths are partially offset by unfavourable gap between trade payables and trade receivables. Business is active. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: As per the Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to financial for the year 31.03.2017 are not available from any sources. |
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 |
CRISIL |
|
Rating |
Long Term = BBB |
|
Rating Explanation |
Moderate degree safety and moderate credit
risk |
|
Date |
15.02.2018 |
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 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 PARTED BY (PARTIAL DETAILS)
|
Name : |
Ms. Kiran |
|
Designation : |
HR Executive |
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Contact No.: |
91-11-30895900 |
LOCATIONS
|
Registered Office / Corporate Office : |
D 10 Defence Coloney, New Delhi – 110024 |
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Tel. No.: |
91-11-30895900 / 30895933 |
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Fax No.: |
91-11-30895998 |
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E-Mail : |
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Website : |
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Factory : |
Prithla-Dudhola Road, Dudhola District Palwal – 121102, Haryana, India |
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Tel. No.: |
91-1275-398500 |
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E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Dinesh Parwanda |
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Designation : |
Director |
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Address : |
S-523, Greater Kailash Part II, New Delhi – 110048, Delhi, India |
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Date of Birth/Age : |
12.11.1959 |
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Date of Appointment : |
10.06.1980 |
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DIN No.: |
00442765 |
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Other Directorship :
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Name : |
Mrs. Reena Parwanda |
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Designation : |
Director |
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Address : |
S-523, Greater Kailash Part II, New Delhi – 110048, Delhi, India |
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Date of Birth/Age : |
12.03.1965 |
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Date of Appointment : |
07.02.2009 |
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DIN No.: |
02543247 |
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Name : |
Mr. Ishaan Parwanda |
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Designation : |
Director |
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Address : |
S-523, Greater Kailash Part II, New Delhi – 110048, Delhi, India |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
02545885 |
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Other Directorship :
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Name : |
Mr. Shunaal Parwanda |
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Designation : |
Director |
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Address : |
S-523, Greater Kailash Part II, New Delhi – 110048, Delhi, India |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
03633932 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Sachin Verma |
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Designation : |
Secretary |
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Address : |
8/388, Anandi Pura, Modi Nagar, Ghaziabad – 201204, Uttar Pradesh,
India |
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Date of Birth/Age : |
07.12.1979 |
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Date of Appointment : |
01.03.2008 |
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PAN No.: |
ADXPV1623J |
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|
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|
Name : |
Ms. Kiran |
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Designation : |
HR Executive |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Dinesh Parwanda |
551237 |
|
Trinity Touch Europe Limited, UK |
313813 |
|
Parwanda Investment Private Limited |
77200 |
|
Reena Parwanda |
89583 |
|
Ishaan Parwanda |
30000 |
|
Shunal Parwanda |
30000 |
|
|
|
|
Total |
1091833 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
64.19 |
|
Promoters- Body corporate |
35.81 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Providing Consultants Services for Industrial
and Administrations Matters. (Registered Activity) |
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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 : |
Bansal and Company Chartered Accountant |
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Address : |
A-6, Maharani Bagh, |
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Tel. No.: |
91-11-41626470-71 |
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Fax No.: |
91-11-41328425 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFB6603L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Company : |
Trinity Touch (South East Asia) Private Limited |
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Companies in which
Key Management Person or his relative have substantial interest/ significant
influence : |
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CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
INR 100/- each |
INR 125.000 Million |
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|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1091833 |
Equity Shares |
INR 100/- each |
INR 109.183 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 |
109.183 |
108.963 |
108.963 |
|
(b) Reserves & Surplus |
616.652 |
513.117 |
492.043 |
|
(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) |
725.835 |
622.080 |
601.006 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
56.023 |
119.248 |
131.269 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.780 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
10.554 |
9.359 |
7.178 |
|
Total
Non-current Liabilities (3) |
66.577 |
128.607 |
139.227 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
161.579 |
133.582 |
135.520 |
|
(b) Trade payables |
153.058 |
99.469 |
57.578 |
|
(c) Other current liabilities |
54.962 |
54.492 |
44.391 |
|
(d) Short-term provisions |
3.523 |
0.295 |
0.330 |
|
Total
Current Liabilities (4) |
373.122 |
287.838 |
237.819 |
|
|
|
|
|
|
TOTAL |
1165.534 |
1038.525 |
978.052 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
389.925 |
414.841 |
443.980 |
|
(ii) Intangible Assets |
0.433 |
0.901 |
2.037 |
|
(iii) Capital work-in-progress |
29.838 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
12.797 |
7.278 |
0.000 |
|
(d) Long-term Loan and Advances |
6.876 |
2.822 |
1.741 |
|
(e) Other Non-current assets |
22.553 |
17.684 |
18.345 |
|
Total
Non-Current Assets |
462.422 |
443.526 |
466.103 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
245.621 |
205.863 |
248.515 |
|
(c) Trade receivables |
311.230 |
258.802 |
170.266 |
|
(d) Cash and cash equivalents |
15.140 |
19.463 |
6.468 |
|
(e) Short-term loans and
advances |
105.435 |
95.070 |
77.225 |
|
(f) Other current assets |
25.686 |
15.801 |
9.475 |
|
Total
Current Assets |
703.112 |
594.999 |
511.949 |
|
|
|
|
|
|
TOTAL |
1165.534 |
1038.525 |
978.052 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1419.248 |
893.932 |
628.062 |
|
|
Other Income |
52.524 |
57.987 |
56.997 |
|
|
TOTAL
|
1471.772 |
951.919 |
685.059 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
971.214 |
610.363 |
474.460 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.145) |
51.917 |
(38.805) |
|
|
Employees benefits expense |
93.996 |
83.643 |
69.355 |
|
|
Other expenses |
170.759 |
99.773 |
92.330 |
|
|
TOTAL |
1235.824 |
845.696 |
597.340 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
235.948 |
106.223 |
87.719 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
43.957 |
34.580 |
39.430 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
191.991 |
71.643 |
48.289 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
57.138 |
58.628 |
44.307 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
134.853 |
13.015 |
3.982 |
|
|
|
|
|
|
|
Less |
TAX |
35.497 |
(8.058) |
0.462 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
99.356 |
21.073 |
3.520 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
91.00 |
19.34 |
3.23 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
2.581 |
0.515 |
0.777 |
|
Net cash flows from (used in) operations |
185.796 |
83.819 |
99.269 |
|
Net cash flow from operating activity |
71.684 |
65.145 |
99.269 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average
Collection Days (Sundry Debtors /
Operating Income * 365 Days) |
481.46 |
889.29 |
708.48 |
|
|
|
|
|
|
Account Receivables Turnover (Operating Income / Sundry Debtors) |
0.76 |
0.41 |
0.52 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
57.52 |
59.48 |
44.29 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.96 |
0.52 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.56 |
0.26 |
0.20 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.37 |
0.39 |
0.38 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.30 |
0.41 |
0.45 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.51 |
0.46 |
0.40 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.58 |
0.67 |
0.74 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.37 |
3.07 |
2.22 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Total
Income ((PAT / Total Income) *
100) |
% |
6.75 |
2.21 |
0.51 |
|
|
|
|
|
|
|
Net Profit Margin ((PBT / Operating Income) * 100) |
% |
57.15 |
12.25 |
4.54 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.52 |
2.03 |
0.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.69 |
3.39 |
0.59 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets /
Current Liabilities) |
1.88 |
2.07 |
2.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.23 |
1.35 |
1.11 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.62 |
0.60 |
0.61 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.02 |
2.33 |
2.46 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.88 |
2.07 |
2.15 |
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 |
108.963 |
108.963 |
109.183 |
|
Reserves & Surplus |
492.043 |
513.117 |
616.652 |
|
Net
worth |
601.006 |
622.080 |
725.835 |
|
|
|
|
|
|
Long Term borrowings |
131.269 |
119.248 |
56.023 |
|
Short Term borrowings |
135.520 |
133.582 |
161.579 |
|
Current Maturities of Long term debt |
0.777 |
0.515 |
2.581 |
|
Total
borrowings |
267.566 |
253.345 |
220.183 |
|
Debt/Equity
ratio |
0.445 |
0.407 |
0.303 |
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
|
628.062 |
893.932 |
1419.248 |
|
|
|
42.332 |
58.765 |
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
|
628.062 |
893.932 |
1419.248 |
|
Profit |
3.520 |
21.073 |
99.356 |
|
|
0.56% |
2.36% |
7.00% |
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 |
No |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and Advances from Related Parties |
9.806 |
74.241 |
|
Total |
9.806 |
74.241 |
INDEX OF CHARGE:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G42246397 |
100093279 |
HDFC BANK LIMITED |
28/03/2017 |
- |
- |
527000000.0 |
HDFC Bank House, Senapati Bapat Marg Lower Parel (West) Mumbai 400013 Maharashtra India |
|
2 |
G32936866 |
100071099 |
HDFC BANK LIMITED |
15/12/2016 |
- |
- |
3500000.0 |
HDFC Bank House, Senapati Bapat Marg Lower Parel (West) Mumbai 400013 Maharashtra India |
|
3 |
G11219011 |
100048851 |
HDFC BANK LIMITED |
24/02/2016 |
- |
- |
2370000.0 |
HDFC Bank House, Senapati Bapat Marg Lower Parel (West) Mumbai 400013 Maharashtra India |
|
4 |
G43859065 |
100023555 |
The Shamrao Vithal Co-Operative Bank Limited |
19/02/2016 |
23/09/2016 |
15/05/2017 |
438800000.0 |
SVC Towers, Nehru Road, Vakola, Santacruz (East) Mumbai 400055 Maharashtra India |
|
5 |
G03003068 |
90044418 |
Indian Overseas Bank |
23/10/2004 |
06/03/2014 |
18/04/2016 |
340000000.0 |
Kailash Colony Branch,HS-31, Kailash Colony Market New Delhi 110048 Delhi India |
|
6 |
A80622129 |
10127718 |
Indian Overseas Bank |
04/11/2008 |
- |
12/03/2010 |
15000000.0 |
HS-31, Kailash Colony Market New Delhi 110048 Delhi India |
|
7 |
A80622533 |
10064616 |
Indian Overseas Bank |
07/08/2007 |
- |
12/03/2010 |
15000000.0 |
Kailash Colony, New Delhi 110048 Delhi India |
|
8 |
A80622442 |
10064619 |
Indian Overseas Bank |
07/08/2007 |
- |
12/03/2010 |
15000000.0 |
Kailash Colony, New Delhi 110048 Delhi India |
|
9 |
A80622350 |
10064625 |
Indian Overseas Bank |
07/08/2007 |
- |
12/03/2010 |
18750000.0 |
Kailash Colony, New Delhi 110048 Delhi India |
|
10 |
A80622277 |
10005304 |
Bharat Overseas Bank Limited |
10/05/2006 |
06/12/2006 |
12/03/2010 |
12000000.0 |
Hs - 31, Kailash Colony Market New Delhi - 110048 Delhi India |
FIXED ASSETS:
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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 64.66 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 79.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
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+ |
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 |
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.