|
|
|
MIRA INFORM REPORT
|
Report No. : |
483708 |
|
Report Date : |
02.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BENZO CHEM INDUSTRIES PRIVATE LIMITED |
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|
|
|
Registered
Office : |
26/28-A, Cawasji Patel Street, Fort, Mumbai-400001, Maharashtra |
|
Tel. No.: |
91-22-43555888 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
01.12.1986 |
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Com. Reg. No.: |
11-041751 |
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Capital
Investment / Paid-up Capital : |
INR 54.000 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1986PTC041751 |
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IEC No.: |
0388000180 |
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GSTIN/UIN: |
Not Divulged |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACB3369G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in business of manufacturing and exporting of biocides, pharmaceuticals and performance chemicals. (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1986. It is engaged in
manufacturing and exporting of biocides, pharmaceutical and agricultural
chemicals. As per the financial of 2017, the company has reported a decline in
its revenue as compared to the previous year but has achieved a satisfactory
net profit margin of 12.35%. The company possesses sound financial position marked by strong net
worth base along with low debt balance sheet profile and comfortable
liquidity parameters. Rating takes into consideration the company’s healthy earnings per
share (EPS) of INR 47.43 as against its face value (FV) of INR 10. Business is active. Payments are reported to be regular and as per
commitments. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans =(A-) |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
13.07.2017 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans = (A2+) |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
13.07.2017 |
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 01.01.2018
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
Management Non-Cooperative (91-22-43555888)
LOCATIONS
|
Registered Office : |
26/28-A, Cawasji Patel Street, Fort, Mumbai-400001, Maharashtra, India
|
|
Tel. No.: |
91-22-43555888 |
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Fax No.: |
91-22-40057327 |
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E-Mail : |
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Website : |
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Factory 1 : |
E-13/14, MIDC Area, Jalgaon - 425003, Maharashtra, India |
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Tel. No.: |
91-257-2210241 |
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Factory 2 : |
B-26/27, MIDC Area, Dasarkhed, Malkapur, Buldhana- 443101, Maharashtra, India |
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Factory 3 : |
W-24, MIDC, Chemical Zone, Ambernath (West) - 421501, Maharashtra, India |
|
Tel. No.: |
91-251-2604616 / 2607228 |
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Factory 4: |
B-24/25, MIDC, Dasharkhed, , Malkapur, Budhana– 443101, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Surendra Kumar Mohatta |
|
Designation : |
Managing Director |
|
Address : |
Floor 15 and 16, Plot No.85, Mittal Grandeur, Khatau Road, Cuffe Parade, Mumbai-400005, Maharashtra, India |
|
Date of Birth/Age : |
01.09.1955 |
|
Date of Appointment : |
01.12.1986 |
|
PAN No.: |
AAOPM7620E |
|
DIN No.: |
00388893 |
|
|
|
|
Name : |
Mr. Gaurav Surendra Kumar Mohatta |
|
Designation : |
Whole Time Director |
|
Address : |
R/7, Floor 15 and 16, Plot No. 85, Mittal Grandeur, Khatau
Road, Cuffe Parade, Colaba, Mumbai-400005, Maharashtra, India |
|
Date of Birth/Age : |
03.07.1981 |
|
Date of Appointment : |
01.11.2004 |
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PAN No.: |
AGQPM0992H |
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DIN No.: |
00604061 |
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|
|
|
Name : |
Mrs. Vimladevi Mohatta |
|
Designation : |
Director |
|
Address : |
R/7, Floor 15 and 16, Plot No. 85, Mittal Grandeur, Khatau
Road, Cuffe Parade, Colaba, Mumbai-400005, Maharashtra, India |
|
Date of Birth/Age : |
14.01.1937 |
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Date of Appointment : |
10.11.1987 |
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PAN No.: |
AAHPM4463C |
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DIN No.: |
01637277 |
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|
|
|
Name : |
Mr. Sunil Shantilal Nawal |
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Designation : |
Director |
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Address : |
H2/ Flat No. 804, Highland Garden, Dokali Chitalsar, Manpada, Balkum, Thane-400608, Maharashtra, India |
|
Date of Birth/Age : |
10.03.1966 |
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Date of Appointment : |
01.02.2012 |
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DIN No.: |
05209816 |
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Name : |
Mr. Omprakash Sitaram Gaggar |
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Designation : |
Director |
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Address : |
301, Indira Apartment, 13 M. L, Dhanukar Marg, Mumbai-400026, Maharashtra, India |
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Date of Birth/Age : |
03.07.1953 |
|
Date of Appointment : |
23.12.2014 |
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DIN No.: |
06973786 |
KEY EXECUTIVES
|
Name : |
Mrs. Swati Shridhar Rasal |
|
Designation : |
Company Secretary |
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Address: |
E4 A2 Panchavati Co-Operative Housing Society, Marol Maroshi Road, Vijay Nagar, Andheri (East), Mumbai-400059, Maharashtra, India |
|
Date of Appointment : |
21.06.2016 |
|
PAN No.: |
APOPR7690Q |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Surendra Kumar Mohatta |
|
818000 |
|
Madhu Mohatta and Surendra Kumar Mohatta |
|
196500 |
|
Vimladevi Mohattakml |
|
830000 |
|
Surendra Kumar Mohatta HUF |
|
540000 |
|
Gaurav Mohatta |
|
320000 |
|
Madhu Mohatta |
|
398500 |
|
Gaurav Mohatta HUF |
|
298500 |
|
Ishita Mohatta |
|
135000 |
|
Raj
Rajeshwari Builders |
|
540000 |
|
Ajanta
Traders |
|
479500 |
|
Sashi Kumar
Mohatta |
|
9000 |
|
Gaurav Chemicals (India) Private Limited, India |
|
535000 |
|
Gitanjali Chemicals Private Limited, India |
|
300000 |
|
Total |
|
5400000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
30.52 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
35.14 |
|
Public/Other than promoters - Body corporate |
15.46 |
|
Public/Other than promoters- Others |
18.88 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in business of manufacturing and exporting of biocides, pharmaceuticals and performance chemicals. (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)
Note: 1) The car loan is secured by hypothecation of respective car from Daimler Fin Services Limited 2) Working capital facilities from Kotak Mahindra Bank Limited are secured by hypothecation of stocks of raw material, Stock in- process, finished goods and book -debts and further secured by extension of equitable mortgage of Land and building, Plant and Machinary located at Jalgaon, Malkapur, Malkapur EOU unit and Ambernath unit of the company. |
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Auditors : |
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|
Name : |
M. Saboo and Company Chartered Accountants |
|
Address : |
D-9/002, Yogi Nagar, Eksar Road, Borivali (West), Mumbai – 400091, Maharashtra,
India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AKMPS8826N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises in
which key management personnel and their relatives are interested: |
· Gitanjali Chemicals Private Limited – [U24110MH1980PTC022341] · Gaurav Chemicals (India) Private Limited - [U25190MH1987PTC042850] · Raj Rajeshwari Builders Associate Firm · Ajanta Traders Associate Firm · Surendra Mohatta HUF Associate Firm · Gaurav Mohatta HUF Associate Firm · Ultra Realtors Private Limited · R. K. Mohatta Family Trust · Shri Ravikumar Mohatta Charitable Trust – [U45200MH1995PTC087642] · Anisha Maheshwari Beneficiary Trust |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
INR 10/- each |
INR 90.000 Million |
|
1000000 |
Preference Shares |
INR 10/- each |
INR 10.000 Million |
|
|
Total |
|
INR 100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5400000 |
Equity Shares |
INR 10/- each |
INR 54.000 Million |
|
|
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|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
54.000 |
54.000 |
54.000 |
|
(b) Reserves and Surplus |
1714.225 |
1461.364 |
1206.106 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1768.225 |
1515.364 |
1260.106 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5.761 |
12.129 |
14.271 |
|
(b) Deferred tax liabilities (Net) |
3.266 |
14.345 |
20.696 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
625.000 |
494.000 |
341.000 |
|
Total Non-current
Liabilities (3) |
634.027 |
520.474 |
375.967 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
54.521 |
32.705 |
40.101 |
|
(b) Trade
payables |
141.021 |
207.485 |
129.627 |
|
(c) Other
current liabilities |
69.875 |
58.303 |
46.995 |
|
(d) Short-term
provisions |
17.479 |
15.386 |
14.522 |
|
Total Current
Liabilities (4) |
282.896 |
313.879 |
231.245 |
|
|
|
|
|
|
TOTAL |
2685.148 |
2349.717 |
1867.318 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
503.794 |
540.242 |
529.269 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets capital
work-in-progress |
131.581 |
0.000 |
17.979 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
623.647 |
459.457 |
338.886 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1259.022 |
999.699 |
886.134 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
600.148 |
544.561 |
283.979 |
|
(b)
Inventories |
304.056 |
292.007 |
207.211 |
|
(c) Trade
receivables |
374.170 |
401.881 |
385.471 |
|
(d) Cash and
bank balances |
4.069 |
14.439 |
6.095 |
|
(e)
Short-term loans and advances |
143.683 |
97.113 |
98.395 |
|
(f) Other
current assets |
0.000 |
0.017 |
0.033 |
|
Total
Current Assets |
1426.126 |
1350.018 |
981.184 |
|
|
|
|
|
|
TOTAL |
2685.148 |
2349.717 |
1867.318 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2073.281 |
2205.556 |
2187.559 |
|
|
Other Income |
50.668 |
14.599 |
21.478 |
|
|
TOTAL |
2123.949 |
2220.155 |
2209.037 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1070.990 |
1194.703 |
1188.614 |
|
|
Purchases of
Stock-in-Trade |
9.991 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
10.678 |
(25.827) |
(17.492) |
|
|
Employee benefit expense |
169.669 |
153.814 |
133.703 |
|
|
CSR expenditure |
6.566 |
5.914 |
6.145 |
|
|
Other expenses |
399.297 |
406.835 |
488.241 |
|
|
TOTAL |
1667.191 |
1735.439 |
1799.211 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
456.758 |
484.716 |
409.826 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.352 |
1.318 |
2.243 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
455.406 |
483.398 |
407.583 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
79.373 |
78.552 |
75.067 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
376.033 |
404.846 |
332.516 |
|
|
|
|
|
|
|
Less |
TAX |
119.922 |
146.649 |
113.497 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
256.111 |
258.197 |
219.019 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1208.581 |
1296.914 |
1159.219 |
|
|
TOTAL EARNINGS |
1208.581 |
1296.914 |
1159.219 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
625.014 |
787.893 |
707.515 |
|
|
TOTAL IMPORTS |
625.014 |
787.893 |
707.515 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
47.428 |
47.814 |
40.559 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
349.983 |
456.371 |
510.801 |
|
Net cash flows from (used in) operations |
199.008 |
347.016 |
395.032 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
65.87 |
66.51 |
64.32 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.54 |
5.49 |
5.68 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
47.62 |
63.39 |
39.81 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.50 |
1.66 |
1.98 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.72 |
0.90 |
0.75 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.11 |
0.14 |
0.13 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.03 |
0.03 |
0.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.16 |
0.21 |
0.18 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.36 |
0.36 |
0.43 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
337.84 |
367.77 |
182.71 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
12.35 |
11.71 |
10.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.54 |
10.99 |
11.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
14.48 |
17.04 |
17.38 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
5.04 |
4.30 |
4.24 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
3.97 |
3.37 |
3.35 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.66 |
0.64 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.12 |
0.83 |
1.01 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
5.04 |
4.30 |
4.24 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
54.000 |
54.000 |
54.000 |
|
Reserves & Surplus |
1206.106 |
1461.364 |
1714.225 |
|
Net
worth |
1260.106 |
1515.364 |
1768.225 |
|
|
|
|
|
|
Long-term borrowings |
14.271 |
12.129 |
5.761 |
|
Short term borrowings |
40.101 |
32.705 |
54.521 |
|
Total
borrowings |
54.372 |
44.834 |
60.282 |
|
Debt/Equity
ratio |
0.043 |
0.030 |
0.034 |
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 |
2187.559 |
2205.556 |
2073.281 |
|
|
0.000 |
0.823 |
(5.997) |
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 |
2187.559 |
2205.556 |
2073.281 |
|
Profit/ (Loss) |
219.019 |
258.197 |
256.111 |
|
|
10.01
% |
11.71
% |
12.35
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PERFORMANCE:
The company is engaged in business of manufacturing and exporting of biocides, pharmaceuticals and performance chemicals. There has been no change in business of the company during the financial year ended 31.03.2017.
THE HIGHLIGHTS OF
COMPANY’S PERFORMANCE ARE AS UNDER:-
During the year FY 2016-17, the income from operations of the company has increased to INR 2073.281 Million as compared to INR 2205.556 Million in FY 2015-16, registering a growth over the previous year. The company has tied up with various overseas customers and new markets for the export of its products. The company has also been in continuous research for the development of new products. All these efforts are expected to give further growth in the coming years. The Development of Construction of New Chemical Plant Situated at SEZ Dahej, Gujarat is in good growth. The under-construction GMP Plant [Good Manufacturing Practice] of the Company which is situated at Jalgaon, Maharashtra is also progressing in a faster pace.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and
advances from related parties |
3.808 |
5.273 |
|
From Directors |
0.000 |
4.563 |
|
Total |
3.808 |
9.836 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G59688333 |
10580511 |
KOTAK MAHINDRA BANK LIMITED |
23/06/2015 |
13/10/2017 |
- |
1230000000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
2 |
C60001922 |
90235809 |
CANARA BANK |
03/12/1997 |
17/12/2012 |
28/07/2015 |
415000000.0 |
SHISHU MANDIR BUILDING12, G. S. LANE, PARELMUMBAIMH400012IN |
|
3 |
C35868298 |
10135540 |
CANARA BANK |
21/11/2008 |
15/12/2012 |
02/12/2014 |
415000000.0 |
SHISHU MANDIR BUILDING12, G. S. LANE, PARELMUMBAIMH400012IN |
|
4 |
C35869163 |
90213111 |
CANARA BANK |
03/12/1997 |
28/08/2008 |
02/12/2014 |
60000000.0 |
PAREL BRANCH12, G.S. LANE, PARELMUMBAIMH400012IN |
|
5 |
C35870765 |
10027124 |
CANARA BANK |
18/11/2006 |
- |
02/12/2014 |
12500000.0 |
SHISHU MANDIR BUILDING12, G. S. LANE, PARELMUMBAIMH400012IN |
|
6 |
C35867480 |
10070557 |
CANARA BANK |
28/08/2007 |
- |
02/12/2014 |
20000000.0 |
SHISHU MANDIR BUILDING,12, G. S. LANE, PARELMUMBAIMH400012IN |
|
7 |
C35866730 |
90236412 |
CANARA BANK |
18/03/2005 |
- |
02/12/2014 |
12500000.0 |
PAREL BRANCH12; G.S LOK;PARELMUMBAIMHIN |
|
8 |
C35869858 |
90235813 |
CANARA BANK |
24/12/1997 |
28/08/2008 |
02/12/2014 |
60000000.0 |
PAREL BRANCH12, G.S. LANE, PARELMUMBAIMH400012IN |
|
9 |
C35868751 |
10111504 |
CANARA BANK |
28/03/2008 |
22/09/2008 |
02/12/2014 |
82000000.0 |
PAREL BRANCH12, G.S. LANE, PARELMUMBAIMH400012IN |
|
10 |
A55221105 |
80051018 |
SICOM LIMITED |
20/12/1988 |
31/03/1999 |
14/01/2009 |
36500000.0 |
NIRMAL,NARIMAN POINTMUMBAIMH400021I |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No 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 63.92 |
|
|
1 |
INR 86.06 |
|
Euro |
1 |
INR 76.38 |
INFORMATION DETAILS
|
Information Gathered
by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
NKTS |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.