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|
|
MIRA
INFORM REPORT
|
Report No. : |
493929 |
|
Report Date : |
28.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
CELKON IMPEX PRIVATE LIMITED (w.e.f. 06.11.2012) |
|
|
|
|
Formerly Known
As : |
CELIKON
IMPEX PRIVATE LIMITED |
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|
|
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Registered
Office : |
Plot No 32, Door No.1-62/2/32, Kavuri Hills Beside
Vellanki Foods, Near Road No.36, Jubilee Hills, Hyderabad – 500033, Telangana |
|
Tel. No.: |
91-40-40204093 |
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|
|
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Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
26.10.2009 |
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|
|
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Com. Reg. No.: |
11- 065622 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 100.000 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U74900TG2009PTC065622 |
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|
|
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IEC No.: [Import-Export
Code No.] |
Not Divulged |
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|
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AADCC7699D |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Purchase and sale of Mobile Phones. [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 |
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Maximum Credit Limit : |
USD 2500000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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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 2009 having satisfactory track record. It is engaged as dealer of mobile handsets which are primarily imported from china which are manufactured according to the specifications given by the subject. Management has failed to file its financials for the year 2017 with Registrar of Companies. As per available financials of March 2016, the company has reported a dip in its revenue as compared to its previous year and also has reported low profit margin during the year. However, 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 established track record of its business operations backed by its well experienced management team. Offsetting these strengths, the company faces stiff competition in the mobile industry, reliance on third party suppliers and regulatory risk, susceptibility to foreign currency fluctuation risk and high obsolescence risk associated with the mobile handset 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 |
|
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 |
CARE |
|
Rating |
Long term ratings: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
28.03.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term ratings: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk.
|
|
Date |
28.03.2017 |
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
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 (91-40-40204093)
91-9052345678 – customer care number
LOCATIONS
|
Registered Office : |
Plot No 32, Door No.1-62/2/32, Kavuri Hills Beside
Vellanki Foods, Near Road No.36, Jubilee Hills, Hyderabad – 500033,
Telangana, India |
|
Tel. No.: |
91-40-40204093 |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Yerraguntla Guruswamy Naidu |
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Designation : |
Managing Director |
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Address : |
Flat No.302, Srinilayam Srinagar Colony, Kesav Nagar,
Hyderabad - 500016, Telangana, India |
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Date of Birth/Age : |
31.08.1974 |
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Qualification: |
Graduation |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
01626454 |
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PAN No.: |
AAJPY0095Q |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Kunjeti Krishna Pavan |
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Designation : |
Director |
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Address : |
Villa-240, Indu Fortune Fields, Phase-13 KPHB, Kukatpally,
Hyderabad - 500072, Telangana, India |
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Date of Birth/Age : |
23/03/1982 |
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Qualification: |
Graduation |
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Date of Appointment : |
28.09.2017 |
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DIN No.: |
01344475 |
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PAN No.: |
ATNPK1417H |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Retineni Murali Krishna |
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Designation : |
Director |
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Address : |
Flat No 403, 4th Floor, Journalist Colony, Road No 70,
Shaikpet, Jubilee Hills, Sha Ikpet, Hyderabad – 500033, Telangana, India |
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Date of Birth/Age : |
03.04.1976 |
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Qualification: |
Graduation |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
02120604 |
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PAN No.: |
AFMPR8521G |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Uvaraj Natarajan |
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Designation : |
Director |
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Address : |
Old 33, NW 32, Tailor Estate 2nd Street Kodambakkam,
Chennai - 600024, Tamilnadu, India |
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Date of Appointment : |
28.09.2017 |
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DIN No.: |
02332054 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Radhaiahk Radhakrishnaiah |
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Designation : |
Director |
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Address : |
27-1-1355, Ajantha Nilayam Lucky Board Centre, Balaji
Nagar, Nellore - 524002, Telangana, India |
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Date of Birth/Age : |
01.06.1969 |
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Qualification: |
Graduation |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
02789952 |
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PAN No.: |
AENPK1309M |
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Y.Guru Swamy Naidu |
|
4300000 |
|
K.Krishna Pavan |
|
1100000 |
|
Radhaiah K Radhakrishnaiah |
|
900000 |
|
R.Murali Krishna |
|
1000000 |
|
Natarajan Uvara |
|
500000 |
|
Kanni Uvaraj |
|
500000 |
|
M.Rohini |
|
400000 |
|
P.Satheesh Kumar |
|
300000 |
|
N Venkatesulu Naidu |
|
300000 |
|
E.Krishnama Naidu |
|
200000 |
|
M.Krishna Chaintanya |
|
100000 |
|
Y.Mohanreddy |
|
100000 |
|
D.V Satheesh Babu |
|
100000 |
|
D.V Suresh |
|
100000 |
|
Vaibhav Reddy Papireddy |
|
100000 |
|
Total |
|
10000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
83.00 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
17.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Purchase and sale of Mobile Phones. [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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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
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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||||||||||||||||||||||
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Kishore Kumar S Chartered Accountants |
|
Address : |
Flat No. 101, Lakshmi Residency, D No. 7-1-55/1, Dharam Karan Road, Ameerpet, Hyderabad-500016, Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AFBPS7772M |
|
|
|
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Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
|
|
|
|
Related party (AS ON 31.03.2016): |
|
CAPITAL STRUCTURE
AS ON 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 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 |
100.000 |
100.000 |
100.000 |
|
(b) Reserves and Surplus |
791.096 |
690.889 |
551.283 |
|
(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) |
891.096 |
790.889 |
651.283 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
11.106 |
13.063 |
3.612 |
|
(b) Deferred tax liabilities (Net) |
1.451 |
2.927 |
2.022 |
|
(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) |
12.557 |
15.990 |
5.634 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
12.048 |
24.461 |
24.647 |
|
(b) Trade
payables |
1544.987 |
748.748 |
1092.107 |
|
(c) Other
current liabilities |
76.529 |
25.207 |
46.553 |
|
(d) Short-term
provisions |
57.607 |
73.598 |
136.053 |
|
Total Current
Liabilities (4) |
1691.171 |
872.014 |
1299.360 |
|
|
|
|
|
|
TOTAL |
2594.824 |
1678.893 |
1956.277 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
75.668 |
43.074 |
24.983 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
1.901 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.300 |
0.300 |
0.300 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
20.374 |
16.573 |
10.898 |
|
Total Non-Current
Assets |
98.243 |
59.947 |
36.181 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
553.768 |
779.580 |
794.278 |
|
(c) Trade
receivables |
1347.927 |
387.962 |
639.864 |
|
(d) Cash and
bank balances |
120.005 |
197.952 |
342.840 |
|
(e)
Short-term loans and advances |
2.636 |
3.061 |
1.620 |
|
(f) Other
current assets |
472.245 |
250.391 |
141.494 |
|
Total
Current Assets |
2496.581 |
1618.946 |
1920.096 |
|
|
|
|
|
|
TOTAL |
2594.824 |
1678.893 |
1956.277 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
6001.502 |
6564.533 |
7852.168 |
|
|
Other Income |
46.582 |
87.760 |
22.085 |
|
|
TOTAL |
6048.084 |
6652.293 |
7874.253 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
4977.543 |
5656.728 |
6898.958 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
225.812 |
14.698 |
(258.038) |
|
|
Employee benefit expense |
167.140 |
201.692 |
164.782 |
|
|
CSR expenditure |
4.500 |
0.000 |
0.000 |
|
|
Other expenses |
461.955 |
503.203 |
586.977 |
|
|
TOTAL |
5836.950 |
6376.321 |
7392.679 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
211.134 |
275.972 |
481.574 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
45.118 |
58.451 |
77.845 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
166.016 |
217.521 |
403.729 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.678 |
3.412 |
2.554 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
156.338 |
214.109 |
401.175 |
|
|
|
|
|
|
|
Less |
TAX |
56.131 |
74.503 |
136.686 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
100.207 |
139.606 |
264.489 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
10.02 |
13.96 |
26.45 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
53.755 |
6.584 |
4.714 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
2.873 |
24.747 |
220.378 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(50.164) |
(33.573) |
62.249 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
81.98 |
21.57 |
29.74 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.45 |
16.92 |
12.27 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
113.29 |
48.31 |
57.78 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.38 |
0.35 |
0.61 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.72 |
6.41 |
19.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.68 |
0.53 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.09 |
0.06 |
0.05 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.90 |
1.10 |
2.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.09 |
0.05 |
0.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.68 |
4.72 |
6.19 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.67 |
2.13 |
3.37 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.86 |
8.32 |
13.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
11.25 |
17.65 |
40.61 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets /
Current Liabilities) |
1.48 |
1.86 |
1.48 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.15 |
0.96 |
0.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.34 |
0.47 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.77 |
0.44 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.48 |
1.86 |
1.48 |
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 |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
551.283 |
690.889 |
791.096 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
651.283 |
790.889 |
891.096 |
|
|
|
|
|
|
Long-term borrowings |
3.612 |
13.063 |
11.106 |
|
Short term borrowings |
24.647 |
24.461 |
12.048 |
|
Current maturities of
long-term debts |
4.714 |
6.584 |
53.755 |
|
Total
borrowings |
32.973 |
44.108 |
76.909 |
|
Debt/Equity
ratio |
0.051 |
0.056 |
0.086 |
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 |
7852.168 |
6564.533 |
6001.502 |
|
|
0.000 |
(16.398) |
(8.577) |
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 |
7852.168 |
6564.533 |
6001.502 |
|
Profit/ (Loss) |
264.489 |
139.606 |
100.207 |
|
|
3.37
% |
2.13
% |
1.67
% |
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 |
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 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G77590669 |
100156186 |
STATE BANK OF
INDIA |
07/11/2017 |
- |
1058800000.0 |
OVERSEAS BRANCH
(01921), MID CORPORATE GROUPROAD NO. 36, JUBILEE HILLSHYDERABADTG500033IN |
|
2 |
G46419214 |
100104210 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
28/03/2017 |
- |
75000000.0 |
ONE FORBES,DR. V.
B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
3 |
G46762282 |
10323456 |
STATE BANK OF
INDIA |
08/11/2011 |
11/05/2017 |
888800000.0 |
OVERSEAS BRANCH,
MID CORPORATE GROUP2ND & 3RD FLOOR, #241/A, ROAD NO.36, JUBILEE
HILLSHYDERABADAP517520IN |
|
4 |
B74939380 |
10258381 |
ICICI BANK LIMITED |
06/01/2011 |
12/04/2013 |
400000000.0 |
LANDMARKRACE
COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
5 |
B76630672 |
10196153 |
HDFC BANK LIMITED |
22/12/2009 |
08/05/2013 |
250000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
FIXED ASSETS:
Tangible assets
- Land
- Plant and equipment
- Furniture and fixtures
- Vehicles
- 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 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 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KVT |
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.