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|
MIRA INFORM REPORT
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Report No. : |
484052 |
|
Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SARA PLAST
PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Plot No. 34, B. U. Bhandari Industrial Estate, Gat No. 156+1544+168+169+170+171,
Village Sanaswadi, Taluka Shirur - 412208, Maharashtra |
|
Tel. No.: |
91-20-27292601 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
28.02.2006 |
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Com. Reg. No.: |
11-022093 |
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Capital
Investment / Paid-up Capital : |
INR 11.629 Million |
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CIN No.: [Company Identification
No.] |
U25209PN2006PTC022093 |
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IEC No.: |
3106002867 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAJC56876Q |
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GST No.: |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Manufacturing, Trading and
Hiring of Portable Toilets and Sanitary Products and also Rendering Cleaning
Services. (Registered Activity) |
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|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2006 having
good track record. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has achieved fair profit margin at 4.32%. The company possesses sound financial profile marked by healthy net
worth base along with low debt level of the company. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitments. 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
NOT AVAILABLE
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 DECLINED BY
|
Name : |
Mr. Rohit |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-20-27292601 |
|
Date : |
03.01.2017 |
Given number [91-20-25537551] does not exist
LOCATIONS
|
Registered Office : |
Plot No. 34, B. U. Bhandari Industrial Estate, Gat No. 156+1544+168+169+170+171,
Village Sanaswadi, Taluka Shirur - 412208, Maharashtra, India |
|
Tel. No.: |
91-20-27292601 |
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Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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Corporate
Office : |
103/203, Rujuta Complex Nachiket Park, Baner Road,
Pune-411045, Maharashtra, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Ms. Ulka Ashok Sadalkar |
|
Designation : |
Whole-time director |
|
Address : |
702, Jasper Lapis, Lazuli, 5th Lane, South Main Road,
Koregaopark, Pune – 411001, Maharashtra, India |
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Date of Birth/Age : |
18.05.1976 |
|
Date of Appointment : |
28.02.2006 |
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DIN : |
00676822 |
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|
|
|
Name : |
Mr. Ranjit Dilip Kher |
|
Designation : |
Whole-time director |
|
Address : |
3, Navshantiban Society, 1134/2, Shivaji Nagar, Pune – 411016, |
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Date of Birth/Age : |
02.02.1976 |
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Date of Appointment : |
01.08.2006 |
|
DIN : |
00764054 |
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Name : |
Mr. Rajeev Dilip Kher |
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Designation : |
Managing director |
|
Address : |
3, Navshantiban Society, 1134/2, Shivaji Nagar, Pune – 411016, |
|
Date of Birth/Age : |
14.10.1974 |
|
Date of Appointment : |
28.02.2006 |
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DIN : |
00764123 |
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|
|
|
Name : |
Mr. Noshir Dady Colah |
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Designation : |
Nominee Director |
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Address : |
5-8, Spenta, B.G.Kher Marg, Mumbai-400006, Maharashtra, India |
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Date of Birth/Age : |
13.01.1961 |
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Date of Appointment : |
29.08.2011 |
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DIN : |
02272595 |
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|
|
|
Name : |
Mr. Akshay Dua |
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Designation : |
Nominee Director |
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Address : |
H. No. V-11/57 DLF Phase-3 Block-V Village Nathupur, Gurgaon-122002, Haryana, India |
|
Date of Appointment : |
03.06.2016 |
|
DIN No.: |
03144843 |
KEY EXECUTIVES
|
Name : |
Mr. Rohit |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 28.09.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Rajeev Dilip Kher |
521000 |
44.80 |
|
Ulka Ashok Sadalkar |
110000 |
9.46 |
|
Ranjit Dilip Kher |
110000 |
9.46 |
|
Sara Rajeev Kher |
19500 |
1.68 |
|
Ira Rajeev Kher |
19500 |
1.68 |
|
Aavishkaar Venture Trustees Private Limited |
207342 |
17.83 |
|
respons Ability Venture I Kommanditgesellschaft |
175527 |
15.09 |
|
|
|
|
|
Total |
1162869 |
100.00 |
AS ON: 28.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
67.07 |
|
Promoters – Body Corporate |
32.93 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of Manufacturing, Trading and
Hiring of Portable Toilets and Sanitary Products and also Rendering Cleaning
Services. (Registered Activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 declined by the management |
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Bankers : |
· Indian Overseas Bank Aundh Branch, 161/162, 'B' Wing', Supriya Towers, New D.P. Road, Aundh, Pune - 411007, Maharashtra, India ·
Axis Bank Limited ·
HDFC Bank Limited |
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Facilities : |
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Auditors : |
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Name : |
Gokhale Tanksale and Ghatpande Chartered Accountants |
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Address : |
102, R.K. Classic, New D.P. Road, Opposite Ashish Garden, Kothrud, Pune – 411029, Maharashtra, India |
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Tel. No.: |
91-20-25388390/ 25389154/ 25399914 |
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Mobile No.: |
91-20-25389302 |
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E-Mail : |
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PAN No.: |
AACFG4275H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises owned or significantly influenced by key management
personnel or their relative : |
Ecologis |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
INR 10/- each |
INR 12.500 Million |
|
172000 |
Preference Shares |
INR 10/- each |
INR 1.720 Million |
|
|
|
|
|
|
|
Total |
|
INR 14.220
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1162869 |
Equity Shares |
INR 10/- each |
INR 11.629
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
11.629 |
11.629 |
11.629 |
|
(b) Reserves & Surplus |
201.250 |
179.789 |
161.366 |
|
(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) |
212.879 |
191.418 |
172.995 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
17.979 |
24.020 |
43.523 |
|
(b) Deferred tax liabilities (Net) |
14.775 |
12.400 |
4.322 |
|
(c)
Other long term liabilities |
3.956 |
3.650 |
2.984 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
36.710 |
40.070 |
50.829 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
44.644 |
37.314 |
39.957 |
|
(b)
Trade payables |
30.723 |
16.799 |
16.736 |
|
(c)
Other current liabilities |
39.835 |
42.609 |
21.361 |
|
(d)
Short-term provisions |
4.214 |
10.377 |
8.263 |
|
Total
Current Liabilities (4) |
119.416 |
107.099 |
86.317 |
|
|
|
|
|
|
TOTAL |
369.005 |
338.587 |
310.141 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
175.949 |
174.105 |
168.867 |
|
(ii)
Intangible Assets |
0.294 |
0.464 |
0.950 |
|
(iii)
Capital work-in-progress |
2.229 |
1.512 |
1.500 |
|
(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 Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
7.008 |
6.453 |
4.724 |
|
Total
Non-Current Assets |
185.480 |
182.534 |
176.041 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
37.784 |
33.408 |
34.878 |
|
(c)
Trade receivables |
120.675 |
94.332 |
71.030 |
|
(d)
Cash and cash equivalents |
10.099 |
5.879 |
8.361 |
|
(e)
Short-term loans and advances |
1.921 |
1.578 |
2.246 |
|
(f)
Other current assets |
13.046 |
20.856 |
17.585 |
|
Total
Current Assets |
183.525 |
156.053 |
134.100 |
|
|
|
|
|
|
TOTAL |
369.005 |
338.587 |
310.141 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
324.679 |
270.083 |
190.587 |
|
|
|
Other Income |
1.295 |
0.356 |
1.733 |
|
|
|
TOTAL |
325.974 |
270.439 |
192.320 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
32.865 |
18.024 |
40.438 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(2.999) |
2.336 |
(9.877) |
|
|
|
Employees benefits expense |
98.346 |
79.103 |
84.474 |
|
|
|
Service Expenses |
128.771 |
93.284 |
54.036 |
|
|
|
Manufacturing Expenses |
1.372 |
1.485 |
2.344 |
|
|
|
Office and Administrative Expenses |
15.567 |
8.645 |
10.829 |
|
|
|
Selling Expenses |
16.014 |
16.214 |
7.786 |
|
|
|
Exceptional Items |
(14.998) |
(12.645) |
(14.591) |
|
|
|
TOTAL |
274.938 |
206.446 |
175.439 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
51.036 |
63.993 |
16.881 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
13.383 |
12.886 |
10.974 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
37.653 |
51.107 |
5.907 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
17.017 |
17.520 |
12.112 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
20.636 |
33.587 |
(6.205) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.589 |
15.163 |
(2.662) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
14.047 |
18.424 |
(3.543) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
12.08 |
15.84 |
(3.05) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
13.570 |
29.067 |
13.417 |
|
|
|
|
|
|
Cash generated from operations |
30.293 |
60.711 |
16.693 |
|
|
|
|
|
|
Net Cash from operating activities
|
26.524 |
55.823 |
13.309 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
135.66 |
127.48 |
136.03 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.69 |
2.86 |
2.68 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
341.21 |
340.19 |
151.06 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.35 |
1.92 |
0.48 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.29 |
0.36 |
0.10 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.41 |
0.47 |
0.46 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.36 |
0.47 |
0.56 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.56 |
0.56 |
0.50 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.84 |
0.92 |
0.99 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.81 |
4.97 |
1.54 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.33 |
6.82 |
(1.86) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.81 |
5.44 |
(1.14) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.60 |
9.63 |
(2.05) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.54 |
1.46 |
1.55 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.22 |
1.15 |
1.15 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.58 |
0.57 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.55 |
7.77 |
8.33 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.54 |
1.46 |
1.55 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
11.629 |
11.629 |
11.629 |
|
Reserves & Surplus |
161.366 |
179.789 |
201.250 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
172.995 |
191.418 |
212.879 |
|
|
|
|
|
|
Long-term borrowings |
43.523 |
24.020 |
17.979 |
|
Short term borrowings |
39.957 |
37.314 |
44.644 |
|
Current Maturities of Long
term debt |
13.417 |
29.067 |
13.570 |
|
Total
borrowings |
96.897 |
90.401 |
76.193 |
|
Debt/Equity
ratio |
0.560 |
0.472 |
0.358 |
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 |
190.587 |
270.083 |
324.679 |
|
|
|
41.711 |
20.215 |
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 |
190.587 |
270.083 |
324.679 |
|
Profit/ (Loss) |
(3.543) |
18.424 |
14.047 |
|
|
(1.86%) |
6.82% |
4.33% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
No |
|
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 CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G64234628 |
100138640 |
AXIS BANK LIMITED |
29/07/2017 |
- |
- |
603000.0 |
"TRISHUL', 3RD FLOOR, OPP TO SAMARTHESHWAR TEMPLELAW GARDEN, ELLIS BRIDGEAHMEDABADGJ380006IN |
|
2 |
G40161408 |
100087882 |
AXIS BANK LIMITED |
15/03/2017 |
- |
- |
3236000.0 |
"TRISHUL', 3RD FLOOR, OPP TO SAMARTHESHWAR TEMPLELAW GARDEN, ELLIS BRIDGEAHMEDABADGJ380006IN |
|
3 |
C16663478 |
10515296 |
HDFC BANK LIMITED |
11/07/2014 |
- |
- |
1740000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
C22313662 |
10521897 |
HDFC BANK LIMITED |
04/04/2014 |
- |
- |
2575000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
B96664198 |
10478247 |
HDFC BANK LIMITED |
18/02/2014 |
- |
- |
8039000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
B94696283 |
10473533 |
HDFC BANK LIMITED |
23/01/2014 |
- |
- |
2506000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
B94696614 |
10473534 |
HDFC BANK LIMITED |
23/01/2014 |
- |
- |
2196000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
8 |
G45688405 |
10444246 |
AXIS BANK LIMITED |
05/07/2013 |
12/05/2017 |
- |
146500000.0 |
CORPORATE BANKING BRANCH, 214-215, CITY MALL,NEAR PUNE UNIVERSITY, GANESHKHIND ROAD,PUNEMH411007IN |
|
9 |
B85678563 |
10178355 |
INDIAN OVERSEAS BANK AUNDH BRANCH |
11/09/2009 |
06/03/2013 |
06/09/2013 |
58550000.0 |
161/162,'SUPRIYA TOWERS' 'B' WINGNAGARAS ROAD,NEAR MEDIPOINT HOSPITAL AUNDHPUNEMH411007IN |
|
10 |
A69904340 |
10022963 |
IDBI ( FORMERLY KNOWN AS UNITED WESTERN BANK LTD.) |
29/08/2006 |
- |
11/09/2009 |
3000000.0 |
SHIVAJINAGARPUNEMH411005IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and Advances from Related Parties |
1.020 |
0.997 |
|
|
|
|
|
Total |
1.020 |
0.997 |
OPERATIONAL
RESULTS:
The company, during the year has achieved a turnover of INR 314.679
million as compared to turnover of previous year of INR 270.083, million. There
is a growth of INR 54.596 million recorded in this year is expected to grow
further in the near future.
FIXED ASSETS:
· Land
· Buildings
· Plant and Machinery
· Office Equipment
· Computers
· Vehicle
· Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
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 |
|
UK Pound |
1 |
INR 86.41 |
|
Euro |
1 |
INR 76.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RUP |
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.