|
|
|
MIRA INFORM REPORT
|
Report No. : |
482762 |
|
Report Date : |
02.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
AQUAPHARM CHEMICALS PRIVATE LIMITED (w.e.f. 21.04.1981) |
|
|
|
|
Formerly Known
As : |
VIKRAM ION EXCHANGERS PRIVATE LIMITED |
|
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Registered
Office : |
9th and 10th Floor, Amar Synergy, 12B, Sadhu
Vaswani Road, Pune - 411001, Maharashtra |
|
Tel. No.: |
91-22-66093394/66090062/66090000 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
02.03.1974 |
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|
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|
Com. Reg. No.: |
11-017243 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 28.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231MH1974PTC017243 |
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|
|
|
IEC No.: |
3191001166 |
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|
GSTIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA0885B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA7014R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of manufacture and Sale of Specialty Chemicals / Water treatment chemicals. [Registered Activity] |
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|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
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Comments : |
Aquapharma Chemicals Private Limited is engaged in the business of
manufacture and sale of specialty Chemicals/ Water treatment chemicals. The
company was incorporated in the year 1974 and is based in Pune, Maharashtra,
India. It is an established company having excellent track. For the financial year ended 2017, the company has achieved healthy
operational revenue and reported good profit margin at 10.69% (approx.). Rating takes into consideration the company’s sound financial profile
supported by adequate net worth base along with low debt level and favorable
gap between trade payables to its trade receivables. Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. In view of aforesaid, the company can be considered good for normal
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 rating (A) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
March 24, 2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term rating (A1) |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
March 24, 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 02.01.2018
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. Amit Soni |
|
Designation : |
Finance Department |
|
Contact No.: |
91-20-66090062 |
|
Date : |
27.12.2017 |
91-2139-22883 (Ringing)
91-20-66093394/ 66090062 (Continuously Ringing)
LOCATIONS
|
Registered / Head Office : |
9th and 10th Floor, Amar Synergy, 12B, Sadhu
Vaswani Road, Pune - 411001, Maharashtra, India |
|
Tel. No.: |
91-20-66090000 |
|
Fax No.: |
91-20-26053396 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
800 sq. ft. |
|
Location : |
Owned |
|
Locality: |
Commercial and Industrial |
|
|
|
|
Factory 1 : |
At and Near Village Pirangut Village, Taluka Mulshi, District Pune -
412 108, Maharashtra, India |
|
Tel. No.: |
91-2139-22883 / 22792 |
|
Fax No.: |
91-2139-22362 |
|
Area : |
10665 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
K-3/ 1, 2 and 3, Additional Mahad, M.I.D.C. Area, Mahad, District
Raigad – 402 302, Maharashtra, India |
|
Area : |
53547 sq. ft. |
|
Location : |
Owned |
|
|
|
|
R and D Office : |
S-1, M.I.D.C., Bhosari, Pune – 411 026, Maharashtra, India |
|
|
|
|
Branch Office : |
Located At: ·
Delhi ·
Chennai ·
Baroda ·
Kolkata |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Nitin Raoji Bhai Desai |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
457, Sindh Housing Society, Aundh, Pune – 411 007, |
|
Date of Birth/Age : |
01.11.1943 |
|
Date of Appointment : |
30.08.1980 |
|
Qualification: |
B.E. Civil and MS from USA |
|
PAN NO : |
AAAHD7774E |
|
Din No.: |
00140239 |
|
|
|
|
Name : |
Mr. Vishnu Khushaldas Mangwani |
|
Designation : |
Managing Director |
|
Address : |
242, Sindh Housing Society, Aundh, Pune – 411 007, |
|
Date of Birth/Age : |
01.07.1931 |
|
Date of Appointment : |
02.03.1974 |
|
PAN NO : |
ABAPM6828K |
|
Qualification: |
Inter Science |
|
Din No.: |
00352161 |
|
|
|
|
Name : |
Mrs. Vimal Vishnu Mangwani |
|
Designation : |
Joint Managing Director |
|
Address : |
303, Sindh Housing Society, Aundh, Pune – 411 007, |
|
Date of Birth/Age : |
13.09.1956 |
|
Date of Appointment : |
01.07.2008 |
|
Qualification: |
M.Sc., MBA |
|
PAN NO : |
ABAPM6827G |
|
Din No.: |
00352180 |
|
|
|
|
Name : |
Mr. Sanjay Jasubhai Desai |
|
Designation : |
Director |
|
Address : |
14, |
|
Date of Birth/Age : |
18.05.1960 |
|
Qualification: |
B. Com |
|
Date of Appointment : |
28.12.1998 |
|
PAN NO : |
ABOPD1867D |
|
Din No.: |
00140307 |
|
|
|
|
Name : |
Mr. Dharmesh Vishin Mangwani |
|
Designation : |
Managing Director |
|
Address : |
209, Sindh Housing Society, Aundh, Pune – 411 007, |
|
Date of Birth/Age : |
16.04.1963 |
|
Date of Appointment : |
13.12.2010 |
|
Qualification: |
B.Com, Masters in Advance Development Programme |
|
PAN NO : |
AAUPM9431H |
|
Din No.: |
00467962 |
|
|
|
|
Name : |
Mr. Subramanian Padmanabhan |
|
Designation : |
Director |
|
Address : |
30, Vishrambaug Society, |
|
Date of Birth/Age : |
01.09.1939 |
|
Date of Appointment : |
14.09.2005 |
|
Qualification: |
I.R.S. |
|
Din No.: |
00001207 |
|
|
|
|
Name : |
Mr. Bimal Natubhai Desai |
|
Designation : |
Director |
|
Address : |
AMI 4, Purna Prasad Extension, Race Course, |
|
Date of Birth/Age : |
13.04.1959 |
|
Qualification: |
B.Com |
|
Date of Appointment : |
02.07.2010 |
|
PAN NO : |
AANPD1388F |
|
Din No.: |
00141120 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Soni |
|
Designation : |
DGM Finance |
|
|
|
|
Name : |
Prajot Tungare and Associates |
|
Designation : |
Company Secretary |
|
Address : |
529/1, 2nd Floor, Sharddha Chambers, Near Ramakrishna Math,
Opposite Dandekar Bridge, Sinhagad Road, Pune – 411030, Maharashtra, India |
|
Tel. No: |
91-20-24336490/ 6491 |
|
Website: |
MAJOR SHAREHOLDERS
As on 31.03.2017
Note: SHAREHOLDING DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
68.95 |
|
Promoters (Body corporate) |
2.17 |
|
Public/Other than promoters – Others (HUFs & Trusts) |
28.88 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacture and Sale of Specialty Chemicals / Water treatment chemicals. [Registered Activity] |
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Products : |
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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 : |
Not Divulged |
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Bankers : |
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Facilities : |
LONG TERM
BORROWING: Indian rupee loan from Banks - secured By Hypothecation of respective vehicles. The loans are repayable in monthly installments along with interest from the date of loans. Loan carries floating interest @ 11% p.a. to 12.25% p.a., prevailing at the time of sanction of loan. Loans are repayable in five years. |
|
Auditors : |
|
|
Name : |
Khandelwal Jain and Associates Chartered Accountants |
|
Address : |
1st Floor, Alankar Cinema Building, Pune Station, Pune-411001, Maharashtra, India |
|
PAN No.: |
AAOFK4306M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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Subsidiaries : |
|
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|
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|
Associate |
Veekay Infin and Holdings Private Limited (U65990PN2008PTC132526) |
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Other Related
Parties: |
|
CAPITAL STRUCTURE
As on: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
280000 |
Equity Shares |
INR 100/- each |
INR 28.000 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 |
28.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
2459.565 |
2145.883 |
1965.898 |
|
(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) |
2487.565 |
2175.883 |
1995.898 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
257.373 |
217.898 |
275.976 |
|
(b) Deferred tax liabilities (Net) |
153.841 |
123.452 |
64.475 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
21.453 |
17.259 |
7.108 |
|
Total Non-current
Liabilities (3) |
432.667 |
358.609 |
347.559 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1261.585 |
1325.803 |
1336.869 |
|
(b) Trade
payables |
518.397 |
400.391 |
365.594 |
|
(c) Other
current liabilities |
337.807 |
291.460 |
330.772 |
|
(d) Short-term
provisions |
34.904 |
28.051 |
54.002 |
|
Total Current
Liabilities (4) |
2152.693 |
2045.705 |
2087.237 |
|
|
|
|
|
|
TOTAL |
5072.925 |
4580.197 |
4430.694 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1609.421 |
1290.184 |
1209.447 |
|
(ii)
Intangible Assets |
2.674 |
2.403 |
5.045 |
|
(iii)
Capital work-in-progress |
4.871 |
23.905 |
14.480 |
|
(iv)
Intangible assets under development |
0.000 |
0.476 |
0.000 |
|
(b) Non-current Investments |
0.940 |
0.940 |
0.873 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
48.886 |
91.330 |
34.495 |
|
(e) Other
Non-current assets |
1.500 |
2.750 |
2.050 |
|
Total Non-Current
Assets |
1668.292 |
1411.988 |
1266.390 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1222.614 |
1066.100 |
775.518 |
|
(b)
Inventories |
730.077 |
578.069 |
660.584 |
|
(c) Trade
receivables |
1002.422 |
1026.688 |
967.163 |
|
(d) Cash
and cash equivalents |
305.297 |
394.216 |
563.987 |
|
(e)
Short-term loans and advances |
140.189 |
81.218 |
98.087 |
|
(f) Other
current assets |
4.034 |
21.918 |
98.965 |
|
Total
Current Assets |
3404.633 |
3168.209 |
3164.304 |
|
|
|
|
|
|
TOTAL |
5072.925 |
4580.197 |
4430.694 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
4297.647 |
4444.706 |
4342.155 |
|
|
Other Income |
152.550 |
92.059 |
163.297 |
|
|
TOTAL |
4450.197 |
4536.765 |
4505.452 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2523.338 |
2548.396 |
2627.224 |
|
|
Purchases of Stock-in-Trade |
34.910 |
99.782 |
104.401 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(31.431) |
7.887 |
9.887 |
|
|
Employees benefits expense |
403.314 |
339.917 |
316.560 |
|
|
CSR expenditure |
1.876 |
2.343 |
2.784 |
|
|
Other expenses |
694.687 |
746.535 |
685.664 |
|
|
TOTAL
|
3626.694 |
3744.860 |
3746.520 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
823.503 |
791.905 |
758.932 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
75.274 |
105.859 |
70.840 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
748.229 |
686.046 |
688.092 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
85.660 |
78.170 |
55.318 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
662.569 |
607.876 |
632.774 |
|
|
|
|
|
|
|
Less |
TAX |
203.190 |
209.277 |
192.963 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
459.379 |
398.599 |
439.811 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
3226.271 |
3256.587 |
3133.812 |
|
|
TOTAL
EARNINGS |
3226.271 |
3256.587 |
3133.812 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1733.530 |
1696.182 |
1874.045 |
|
|
Capital Goods |
15.365 |
1.548 |
68.622 |
|
|
TOTAL
IMPORTS |
1748.895 |
1697.730 |
1942.667 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
1548.47 |
1328.66 |
1466.04 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
108.768 |
87.439 |
82.453 |
|
Net cash flows from (used in) operations |
661.035 |
736.615 |
627.668 |
|
Net cash flows from (used in) operating activities |
539.109 |
678.241 |
512.641 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
85.14 |
84.31 |
81.30 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.29 |
4.33 |
4.49 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
73.96 |
55.19 |
48.85 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.13 |
1.37 |
1.15 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.51 |
0.60 |
0.62 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.50 |
0.51 |
0.55 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.65 |
0.75 |
0.85 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.87 |
0.94 |
1.05 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.65 |
0.61 |
0.62 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
10.94 |
7.48 |
10.71 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
10.69 |
8.97 |
10.13 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets)
* 100) |
% |
9.06 |
8.70 |
9.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.47 |
18.32 |
22.04 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.58 |
1.55 |
1.52 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.24 |
1.27 |
1.20 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.49 |
0.48 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
58.13 |
54.37 |
56.51 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.58 |
1.55 |
1.52 |
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 |
30.000 |
30.000 |
28.000 |
|
Reserves & Surplus |
1965.898 |
2145.883 |
2459.565 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1995.898 |
2175.883 |
2487.565 |
|
|
|
|
|
|
long-term borrowings |
275.976 |
217.898 |
257.373 |
|
Short term borrowings |
1336.869 |
1325.803 |
1261.585 |
|
Current maturities of
long-term debts |
82.453 |
87.439 |
108.768 |
|
Total
borrowings |
1695.298 |
1631.140 |
1627.726 |
|
Debt/Equity
ratio |
0.849 |
0.750 |
0.654 |
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 |
4342.155 |
4444.706 |
4297.647 |
|
|
|
2.362 |
(3.309) |
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 |
4342.155 |
4444.706 |
4297.647 |
|
Profit |
439.811 |
398.599 |
459.379 |
|
|
10.13% |
8.97% |
10.69% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
28.000 |
30.000 |
|
(b) Reserves & Surplus |
|
2457.633 |
2147.283 |
|
(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) |
|
2485.633 |
2177.283 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
257.373 |
217.898 |
|
(b) Deferred tax liabilities (Net) |
|
153.842 |
123.452 |
|
(c) Other long term
liabilities |
|
0.001 |
0.000 |
|
(d) long-term
provisions |
|
21.453 |
17.259 |
|
Total Non-current
Liabilities (3) |
|
432.669 |
358.609 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
1261.585 |
1325.803 |
|
(b) Trade
payables |
|
530.657 |
413.295 |
|
(c) Other
current liabilities |
|
339.498 |
293.404 |
|
(d) Short-term
provisions |
|
34.904 |
28.674 |
|
Total Current
Liabilities (4) |
|
2166.644 |
2061.176 |
|
|
|
|
|
|
TOTAL |
|
5084.946 |
4597.068 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1609.421 |
1290.184 |
|
(ii)
Intangible Assets |
|
2.672 |
2.403 |
|
(iii)
Capital work-in-progress |
|
4.871 |
23.905 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.476 |
|
(b) Non-current Investments |
|
0.873 |
0.872 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
21.886 |
41.623 |
|
(e) Other
Non-current assets |
|
1.502 |
2.758 |
|
Total Non-Current
Assets |
|
1641.225 |
1362.221 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
1222.613 |
1066.100 |
|
(b)
Inventories |
|
734.970 |
588.068 |
|
(c) Trade
receivables |
|
1033.081 |
1064.640 |
|
(d) Cash
and cash equivalents |
|
307.964 |
411.761 |
|
(e)
Short-term loans and advances |
|
141.059 |
82.360 |
|
(f) Other
current assets |
|
4.034 |
21.918 |
|
Total
Current Assets |
|
3443.721 |
3234.847 |
|
|
|
|
|
|
TOTAL |
|
5084.946 |
4597.068 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
4347.886 |
4558.737 |
|
|
Other Income |
|
151.864 |
90.394 |
|
|
TOTAL |
|
4499.750 |
4649.131 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
2523.338 |
2548.396 |
|
|
Purchases of
Stock-in-Trade |
|
79.242 |
192.386 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(31.431) |
7.887 |
|
|
Employees benefits
expense |
|
403.314 |
339.917 |
|
|
CSR Expenditure |
|
1.876 |
2.343 |
|
|
Other expenses |
|
702.934 |
762.985 |
|
|
TOTAL |
|
3679.273 |
3853.914 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
820.477 |
795.217 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
75.447 |
105.999 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
745.030 |
689.218 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
85.660 |
78.170 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
659.370 |
611.048 |
|
|
|
|
|
|
|
Less |
TAX |
|
203.189 |
209.899 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
456.181 |
401.149 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
1537.69 |
1337.16 |
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 |
Yes |
|
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 two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
NOTE: Registered office of the company has been
shifted from S-1, MIDC, Bhosari, Pune – 411026, Maharashtra, India to the present address w.e.f. 16.03.2007.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
Borrowing |
|
|
|
Loans and advances from related parties |
303.900 |
346.100 |
|
Total |
303.900 |
346.100 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G49205552 |
100086882 |
Citi Bank N.A. |
02/03/2017 |
29/03/2017 |
- |
126000000.0 |
First International Financial Centre,9th FloorPlot No. C-54 & 55, BKC, Bandra (E)MumbaiMH400051IN |
|
2 |
G37516150 |
100033103 |
Citi Bank N.A. |
27/05/2016 |
08/02/2017 |
- |
200000000.0 |
First International Financial Centre, 9th Floor,Plot no. C-54 & 55, G-Block, BKC, Bandra (East)MumbaiMH400051IN |
|
3 |
G02088243 |
100022008 |
The Hongkong and Shanghai Banking Corporation Limited |
26/04/2016 |
- |
- |
30000000.0 |
52/60, Mahatma Gandhi Road,Fort,MumbaiMH400001IN |
|
4 |
C82509498 |
10628020 |
The Hongkong and Shanghai Banking Corporation Limited |
03/03/2016 |
- |
- |
5350000.0 |
52/60, Mahatma Gandhi Road,Fort,MumbaiMH400001IN |
|
5 |
C45777489 |
10520612 |
Citi Bank N.A. |
02/09/2014 |
09/02/2015 |
- |
200000000.0 |
First International Financial Centre (FIFC)Plot No.C- 54 & 55, G-Block, BKC, Bandra (E),MumbaiMH400051IN |
|
6 |
C45875317 |
90086206 |
CORPORATION BANK |
23/10/2002 |
09/02/2015 |
- |
2360000000.0 |
CORPORATE BANKING BRANCH,14, WAKDEWADI, MUMBAI PUNE ROAD,PUNEMH411003IN |
|
7 |
G50490853 |
10534601 |
The Hongkong and Shanghai Banking Corporation Limited |
10/11/2014 |
- |
09/08/2017 |
44345920.0 |
Amar Avinash Corporate City, Shop no. 6-7-8,Survey no.11, Bund Garden RoadPuneMH411001IN |
|
8 |
G47678149 |
10377015 |
Corporation Bank |
30/07/2012 |
- |
27/06/2017 |
369000.0 |
Industrial Finance Branch,14, Pune Mumbai Road,WakdeadiPuneMH411003IN |
|
9 |
G48518252 |
10372728 |
Corporation Bank |
26/07/2012 |
- |
27/06/2017 |
595000.0 |
Industrial Finance Branch,Pune Mumbai Road, Wakdewadi,PuneMH411003IN |
|
10 |
G40134025 |
10543963 |
Commonwealth Bank of Australia |
26/12/2014 |
28/10/2015 |
23/03/2017 |
135800000.0 |
Level 2, Hoechst House,Nariman PointMumbaiMH400021IN |
FIXED ASSETS
- Land
- Buildings
- Office
Buildings
- Plant and
Equipment
- Furniture and
Fixture
- Vehicles
- Office
Equipment
- Computer 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 63.67 |
|
|
1 |
INR 85.90 |
|
Euro |
1 |
INR 76.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
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.