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|
|
%20SERVICES%20LIMITED%20-%20482617%2004-Jan-2017_files/image015.jpg){kind=small}
%20SERVICES%20LIMITED%20-%20482617%2004-Jan-2017_files/image016.jpg)
%20SERVICES%20LIMITED%20-%20482617%2004-Jan-2017_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
482617 |
|
Report Date : |
04.01.2017 |
IDENTIFICATION DETAILS
|
Name : |
MATRIX CELLULAR
(INTERNATIONAL) SERVICES LIMITED (w.e.f. 21.04.2015) |
|
|
|
|
Formerly Known
As : |
MATRIX
CELLULAR (INTERNATIONAL) SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7, Khullar Farm, Mandi Road, Mehrauli, New Delhi - 110030 |
|
Tel. No.: |
91-11-26800000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
17.11.2005 |
|
|
|
|
Com. Reg. No.: |
55-142628 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 420.292 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64202DL2005PLC142628 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM5169M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in business of providing international
sim cards and data solutions services. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 1800000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2005. It is engaged in business of providing international sim cards and data solutions services. Management has failed to file its financial with the Registrar of Companies for the FY 2017. For the financial year 2016, the company has achieved 2.56% growth in its revenue as compared to the previous year but has reported operational loss. The moderate financial risk profile of the company is marked by low reserve base as compared to its capital. Rating takes into consideration the subjects low debt balance sheet profile. Payments are reported to be slow. In view of aforesaid, the company can be considered for
business dealings with some caution. |
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 borrowing: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
23.11.2017 |
|
Rating Agency Name |
CRISIL
|
|
Rating |
Short term borrowing: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
23.11.2017 |
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 04.01.2018
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 (91-11-26800000)
91-9873237085 not reachable
LOCATIONS
|
Registered Office/ Head Office : |
7, Khullar Farm, Mandi Road, Mehrauli, New Delhi – 110030, India |
|
Tel. No.: |
91-11-26800000 |
|
Fax No.: |
91-11-26800200 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch office: |
Space No. 17 to 24, Ground Floor, Block “F” , American Plaza,
International Trade Tower, Nehru Place, New Delhi – 110019, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Gaurav Sekhri |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Chin Min Farm, 448-451,Satbari,Mehrauli, New Delhi - 110030, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.12.1972 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.05.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00090676 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAOPG3103G |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Gagan Deep Singh Dugal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
6 Sultanpur Estate, Mandi Road, Mehrauli,, New Delhi - 110030, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.05.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00513181 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Jayanta Kumar Basu |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
I-1742, Chittaranjan Park, New Delhi - 110019, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.02.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01268046 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Manjit Singh Dugal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
6, Sultan Pur Estate, Mandi Road Mehrauli, New Delhi -110030, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.08.1939 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.11.2005 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01402011 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAOPD6384J |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Gulkirat Kaur Panag |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B-804, Akanksha, Kalyan Complex,, Versova, Andheri (West), Mumbai - 400061, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.01.1979 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
06.05.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02008388 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
AITPP5110H |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Chander Mohan Mehra |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H No.-71, Uday Park, New Delhi - 110049, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.02.1960 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.05.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07173867 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAAPM3492Q |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Gaurav Kumar Khanna |
|
Designation : |
Chief Financial Officer |
|
Address : |
P2b, 104 Princeton Estate, DLF Phase-V, Gurgaon - 122009, Haryana, India |
|
Date of Birth/Age : |
19.04.1974 |
|
Date of Appointment : |
20.03.2015 |
|
PAN No.: |
AEGPK8247M |
|
|
|
|
Name : |
Ms. Nitasha Sinha |
|
Designation : |
Company Secretary |
|
Address : |
108B/1, 1st Floor, Room No. 26, Munirka, New Delhi - 110067, India |
|
Date of Birth/Age : |
15.11.1983 |
|
Date of Appointment : |
21.06.2012 |
|
PAN No.: |
AHYPN1702D |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Gagan Deep Singh Dugal |
|
22793560 |
|
Manjit singh Dugal |
|
20000 |
|
Urvashi Kaur |
|
3000000 |
|
Aleta Private Limited, Mauritius |
|
15894276 |
|
Ajay Investment Trust, India |
|
321064 |
|
Gaurav Kumar Khanna |
|
100 |
|
Anish Khanna |
|
200 |
|
Total |
|
42029200 |
Equity Share Break up (Percentage of Total Equity)
AS ON 08.11.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
7.19 |
|
Promoters- Body corporate |
54.23 |
|
Public/Other than promoters - Body corporate |
37.82 |
|
Public/Other than promoters- Others |
0.76 |
|
Total |
100.00 |
%20SERVICES%20LIMITED%20-%20482617%2004-Jan-2017_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of providing international
sim cards and data solutions services. [Registered Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
Golf View Corporate Tower- B, Sector-42, Sector Road, Gurugram-122002, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9118A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Companies: |
|
|
|
|
|
Name of other
related parties having significant influence over the company: |
|
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47000000 |
Equity Shares |
INR 10/- each |
INR 470.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42029200 |
Equity Shares |
INR 10/- each |
INR 420.292 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
420.292 |
420.292 |
420.292 |
|
(b) Reserves and Surplus |
194.086 |
200.890 |
257.847 |
|
(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) |
614.378 |
621.182 |
678.139 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.560 |
2.756 |
5.115 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
12.805 |
9.635 |
3.304 |
|
Total Non-current
Liabilities (3) |
15.365 |
12.391 |
8.419 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
128.494 |
0.000 |
158.381 |
|
(b) Trade
payables |
346.093 |
385.268 |
278.331 |
|
(c) Other
current liabilities |
72.914 |
69.784 |
82.063 |
|
(d) Short-term
provisions |
30.936 |
30.703 |
29.021 |
|
Total Current
Liabilities (4) |
578.437 |
485.755 |
547.796 |
|
|
|
|
|
|
TOTAL |
1208.180 |
1119.328 |
1234.354 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
92.743 |
113.585 |
188.833 |
|
(ii)
Intangible Assets |
15.001 |
15.923 |
31.744 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
8.104 |
5.246 |
3.112 |
|
(b) Non-current Investments |
218.372 |
246.279 |
277.191 |
|
(c) Deferred tax assets (net) |
96.144 |
96.558 |
98.283 |
|
(d)
Long-term loans and advances |
109.035 |
78.489 |
75.564 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
539.399 |
556.080 |
674.727 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
10.415 |
5.115 |
1.988 |
|
(c) Trade
receivables |
351.050 |
369.014 |
296.415 |
|
(d) Cash and
bank balances |
156.672 |
84.292 |
51.030 |
|
(e)
Short-term loans and advances |
104.140 |
61.104 |
161.043 |
|
(f) Other
current assets |
46.504 |
43.723 |
49.151 |
|
Total
Current Assets |
668.781 |
563.248 |
559.627 |
|
|
|
|
|
|
TOTAL |
1208.180 |
1119.328 |
1234.354 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
2694.223 |
2626.881 |
2406.633 |
|
|
Other Income |
59.887 |
50.636 |
33.684 |
|
|
TOTAL |
2754.110 |
2677.517 |
2440.317 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
1561.902 |
1284.173 |
98.915 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.299) |
(3.127) |
1.714 |
|
|
Employee benefit expense |
475.837 |
483.185 |
485.294 |
|
|
CSR expenditure |
1.025 |
0.000 |
0.000 |
|
|
Other expenses |
608.056 |
560.802 |
1651.461 |
|
|
Prior period items |
0.000 |
(3.553) |
0.000 |
|
|
Exceptional items |
27.907 |
30.912 |
0.000 |
|
|
TOTAL |
2669.428 |
2352.392 |
2237.384 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
84.682 |
325.125 |
202.933 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
9.430 |
9.704 |
19.746 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
75.252 |
315.421 |
183.187 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
72.243 |
119.106 |
109.449 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3.009 |
196.315 |
73.738 |
|
|
|
|
|
|
|
Less |
TAX |
11.178 |
74.708 |
27.482 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(8.169) |
121.607 |
46.256 |
|
|
|
|
|
|
|
|
Profit (loss) of minority
interest |
0.000 |
0.000 |
0.000 |
|
|
Share of profit (loss) of
associates |
0.000 |
0.000 |
0.000 |
|
|
Total profit (loss) for
period |
(8.169) |
121.607 |
46.256 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.19) |
2.89 |
1.10 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
3.395 |
1.552 |
12.456 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
39.741 |
497.802 |
149.518 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(23.087) |
409.883 |
11.409 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
47.56 |
51.27 |
44.96 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.67 |
7.12 |
8.12 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
80.88 |
109.50 |
1027.05 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
8.13 |
63.56 |
102.08 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.73 |
2.41 |
0.91 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.48 |
0.44 |
0.46 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.22 |
0.01 |
0.26 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.94 |
0.78 |
0.81 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.19 |
0.22 |
0.33 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
8.98 |
33.50 |
10.28 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(0.30) |
4.63 |
1.92 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(0.68) |
10.86 |
3.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(1.33) |
19.58 |
6.82 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.16 |
1.16 |
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.14 |
1.15 |
1.02 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.51 |
0.55 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.32 |
0.01 |
0.42 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.16 |
1.16 |
1.02 |
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 |
420.292 |
420.292 |
420.292 |
|
Reserves & Surplus |
257.847 |
200.890 |
194.086 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
678.139 |
621.182 |
614.378 |
|
|
|
|
|
|
Long-term borrowings |
5.115 |
2.756 |
2.560 |
|
Short term borrowings |
158.381 |
0.000 |
128.494 |
|
Current maturities of
long-term debts |
12.456 |
1.552 |
3.395 |
|
Total
borrowings |
175.952 |
4.308 |
134.449 |
|
Debt/Equity
ratio |
0.259 |
0.007 |
0.219 |
%20SERVICES%20LIMITED%20-%20482617%2004-Jan-2017_files/image022.gif)
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 |
2406.633 |
2626.881 |
2694.223 |
|
|
|
9.152 |
2.564 |
%20SERVICES%20LIMITED%20-%20482617%2004-Jan-2017_files/image024.gif)
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 |
2406.633 |
2626.881 |
2694.223 |
|
Profit/ (Loss) |
46.256 |
121.607 |
(8.169) |
|
|
1.92
% |
4.63
% |
(0.30
%) |
%20SERVICES%20LIMITED%20-%20482617%2004-Jan-2017_files/image026.gif)
BALANCE
SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
420.292 |
420.292 |
|
(b) Reserves and Surplus |
|
28.392 |
(0.805) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
448.684 |
419.487 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2.560 |
2.756 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
12.805 |
9.634 |
|
Total Non-current
Liabilities (3) |
|
15.365 |
12.390 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
130.319 |
2.611 |
|
(b) Trade payables |
|
385.213 |
440.151 |
|
(c) Other
current liabilities |
|
73.659 |
72.685 |
|
(d) Short-term
provisions |
|
29.423 |
30.357 |
|
Total Current
Liabilities (4) |
|
618.614 |
545.804 |
|
|
|
|
|
|
TOTAL |
|
1082.663 |
977.681 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
94.612 |
116.085 |
|
(ii)
Intangible Assets |
|
20.849 |
22.155 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
8.104 |
5.246 |
|
(b) Non-current Investments |
|
0.286 |
0.286 |
|
(c) Deferred tax assets (net) |
|
96.144 |
96.558 |
|
(d)
Long-term loans and advances |
|
107.429 |
78.283 |
|
(e) Other
Non-current assets |
|
0.064 |
0.493 |
|
Total Non-Current
Assets |
|
327.488 |
319.106 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
26.880 |
16.409 |
|
(c) Trade
receivables |
|
382.834 |
399.153 |
|
(d) Cash and
bank balances |
|
172.955 |
109.733 |
|
(e)
Short-term loans and advances |
|
125.737 |
88.870 |
|
(f) Other
current assets |
|
46.769 |
44.410 |
|
Total
Current Assets |
|
755.175 |
658.575 |
|
|
|
|
|
|
TOTAL |
|
1082.663 |
977.681 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
2712.160 |
2649.593 |
|
|
Other Income |
|
60.274 |
51.654 |
|
|
TOTAL |
|
2772.434 |
2701.247 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
228.660 |
225.888 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(5.299) |
(3.128) |
|
|
Employee benefit expense |
|
504.931 |
493.496 |
|
|
CSR expenditure |
|
1.025 |
0.000 |
|
|
Other expenses |
|
1909.565 |
1599.216 |
|
|
Exceptional items |
|
9.366 |
30.912 |
|
|
TOTAL |
|
2648.248 |
2346.384 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
124.186 |
354.863 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
12.171 |
12.025 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
112.015 |
342.838 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
72.799 |
145.004 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
39.216 |
197.834 |
|
|
|
|
|
|
|
Less |
TAX |
|
11.178 |
74.708 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
28.038 |
123.126 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
0.67 |
2.93 |
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 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G55851448 |
100126822 |
KOTAK MAHINDRA
PRIME LIMITED |
12/09/2017 |
- |
- |
12500000.0 |
27BKC, C 27, G BLOCKBANDRA
KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
2 |
G55853303 |
100126825 |
KOTAK MAHINDRA
PRIME LIMITED |
12/09/2017 |
- |
- |
6500000.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
3 |
G45996709 |
100060096 |
KOTAK MAHINDRA
BANK LIMITED |
18/10/2016 |
20/02/2017 |
- |
249900000.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
4 |
G12570677 |
100051255 |
KOTAK MAHINDRA
PRIME LIMITED |
29/08/2016 |
- |
- |
1962300.0 |
27BKC, C 27, G BLOCKBANDRA
KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
5 |
C81083891 |
10624447 |
KOTAK MAHINDRA
PRIME LIMITED |
18/08/2015 |
- |
- |
1008700.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMH400051IN |
|
6 |
C81082745 |
10624441 |
KOTAK MAHINDRA
PRIME LIMITED |
18/08/2015 |
- |
- |
1310007.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMH400051IN |
|
7 |
G57011934 |
100071641 |
KOTAK MAHINDRA
PRIME LIMITED |
21/04/2016 |
- |
11/10/2017 |
7096700.0 |
27BKC, C 27, G BLOCKBANDRA
KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
8 |
G46625794 |
10573949 |
KOTAK MAHINDRA
PRIME LIMITED |
30/04/2015 |
- |
01/06/2017 |
2925000.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMH400051IN |
|
9 |
G39022280 |
10243609 |
HDFC BANK LIMITED |
18/08/2010 |
06/04/2016 |
15/03/2017 |
200000000.0 |
HDFC BANK HOUSE
SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
G10111706 |
10445165 |
KOTAK MAHINDRA
PRIME LIMITED |
27/07/2013 |
- |
09/08/2016 |
1486000.0 |
36-38A NARIMAN
BHAVAN,227, NARIMAN POINT,MUMBAIMH400021IN |
FIXED ASSETS:
Tangible assets
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
Intangible assets
- Computer software
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 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 63.48 |
|
|
1 |
INR 86.41 |
|
Euro |
1 |
INR 76.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
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.