|
|
|
MIRA INFORM REPORT
|
Report No. : |
484498 |
|
Report Date : |
05.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
CHEMTROLS HOLDINGS PRIVATE LIMITED (w.e.f.
09.03.2005) |
|
|
|
|
Formerly known
as : |
CHEMTROLS FINANCIAL AND INVESTMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Amar Hill, Saki Vihar Road, Powai, Mumbai – 400076, Maharashtra |
|
Tel. No.: |
91-22-67151200 / 28575089 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.03.1992 |
|
|
|
|
Com. Reg. No.: |
11-066098 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 105.406 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65590MH1992PTC066098 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
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|
GSTIN : |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACC2395M |
|
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject to Provide Professional Technical and Business Services.
(Registered activity) |
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|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 710000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1992. For the financial year ended 2017, the company has achieved an average
growth of 3.51% in its revenue as compared to the previous year and gained a
decent profitability margin of 74.01%. The overall financial position of the company seems to be satisfactory
marked by adequate net worth base along with negligible debt balance sheet
profile and acceptable liquidity position. Business is active. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 |
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 05.01.2018
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.
LOCATIONS
|
Registered Office : |
Amar Hill, Saki Vihar Road, Powai, Mumbai – 400076, Maharashtra, India |
|
Tel. No.: |
91-22-67151200 / 28575089 |
|
Fax No.: |
91-22-2857 1913 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Chemtrols
Bengaluru: |
No.27, Ground Floor, 3rd Main, Sakamma Garden Basavanagudi, Bangalore – 560004, Karnataka, India |
|
Tel. No.: |
91-80-26650170/73/74/20 |
|
E-Mail : |
|
|
|
|
|
Chemtrols Goa: |
141/142, Kundaim Industrial Estate, Kundaim, Goa – 403 110 India |
|
Tel. No.: |
+91 (0832) 661 3100 |
|
Fax No.: |
91 (0832) 661 3155 |
|
E-Mail : |
|
|
|
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|
Chemtrols
Secunderabad: |
401,4th Floor, Ganga Plaza, Plot No. 169, Vasavi Nagar, Karkhana, Opp. ICICI Bank, Secunderabad – 500 015, Andhra Pradesh, India |
|
Tel. No.: |
91 (040) 2774 3519/2774 3520,1 |
|
Fax No.: |
91 (040) 2774 3521 |
|
E-Mail : |
|
|
|
|
|
Chemtrols Navi
Mumbai : |
Plot No. R-24, M.I.D., TTC Idustries Area, Rabale, Thane Belapur Road, Navi Mumbai – 440 701, Maharashtra, India |
|
Tel. No.: |
91 (22) 6737 2100 |
|
Fax No.: |
91 (22) 2857 1913 |
|
E-Mail : |
|
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|
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|
Chemtrols Kolkata: |
4B- Merlin Links, 4th Floor,166-B, S.P. Mukherjee Road, Kolkata – 700 026, West Bengal, India |
|
Tel. No.: |
91 (033) 2419 8021, 22 |
|
Fax No.: |
91 (033) 4060 5460 |
|
E-Mail : |
|
|
|
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|
Chemtrols New
Delhi: |
A-10, 3rd floor, Greek Park (Main), New Delhi – 110 016, India |
|
Tel. No.: |
91 (011) 4305 8321/22/23/24/25 |
|
Fax No.: |
91 (11) 2656 0575 |
|
E-Mail : |
|
|
|
|
|
Chemtrols Guwahati: |
House NO. 10, Aryanagar, PO Gopinath Nagar, Behind Arya Vidyapth College, Guwahati – 781 016, Assam, |
|
Tel. No.: |
91 (0361) 249 1427 |
|
E-Mail : |
|
|
|
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|
Chemtrols Vadodara: |
401, Glacier Complex, Near Pizza Inn, Jetalpur Road, Vadodara – 390007, Gujarat, India |
|
Tel. No.: |
91 (0265) 2342 328, 2325 053 |
|
Fax No.: |
91 (0265) 2325 053 |
|
E-Mail : |
|
|
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Chemtrols
Visakhapatnam: |
Door No.7-5-7(2) 2nd Floor, Beside Canara Bank, Chattivanipalerm, Visakhapatnam-530026, Andhra Pradesh, India |
|
Tel. No.: |
91 (0891) 2575 842 |
|
Fax No.: |
91 (0891) 2575 842 |
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E-Mail : |
|
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|
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Chemtrols Chennai: |
Module No.13, Block – 1 , SIDCO Electronics Complex, Thiru-Vi-Ka Industrial Estate, Chennai - 600 032, Tamilnadu, India |
|
Tel. No.: |
91 (11) 044 43054191 / 2 / 3 |
|
Fax No.: |
91 (11) 044 43054194 |
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E-Mail : |
|
|
|
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|
Chemtrols Middle
East FZE: |
P.O.BOX: 263 239, Jebel Ali, Dubai, U.A.E |
|
Tel. No.: |
+971 4 8810940 |
|
Fax No.: |
+971 4 8810945 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Nandakumar Kalath |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
202, Mangal Darshan Turner Road, Bandra (West), Mumbai – 400050,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.11.1948 |
||||||||||||||||||||||||||||||||||||
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Qualification : |
B.sc, B.E (chem) |
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Date of Appointment : |
26.03.1992 |
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DIN No.: |
00041727 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Sambaji Amrut Rao Nikam |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
A 201 EDEN 1, Hiranandani Gardens, Powai, Mumbai – 400076,
Maharashtra, India |
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Date of Birth/Age : |
15.03.1940 |
||||||||||||||||||||||||||||||||||||
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Qualification : |
DME |
||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
26.03.1992 |
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DIN No.: |
00041810 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||
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Name : |
Mrs. Usha Nandakumar |
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Designation : |
Director |
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|
Address : |
202, Mangal Darshan Turner Road, Bandra (West), Mumbai –
400050, Maharashtra, India |
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Date of Birth/Age : |
01.02.1955 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
01.01.2014 |
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DIN No.: |
00041863 |
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Name : |
Mr. Anish Rajgopal |
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Designation : |
Managing Director |
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|
Address : |
Flat No. 803, 8th Floor, Octavius Building Hiranandani,
Hiranandani Gardens, Powai, Mumbai - 400076, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
B.TECH, MECH, |
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Qualification : |
05.04.1975 |
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Date of Appointment : |
01.07.2014 |
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DIN No.: |
02893018 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Ms. Lata Varshney |
|
Designation : |
Company Secretary |
|
Address : |
Baghbill Naka Ghodbunder Road, Thane – 400610,
Maharashtra, India |
|
Date of Appointment : |
06.09.2017 |
|
PAN No.: |
AADPV3882C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
90.69 |
|
Promoter - Bodies
corporate |
9.31 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject to Provide Professional Technical and Business Services.
(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 Available |
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Imports : |
Not Available |
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||||
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
S Raghunath and Company Chartered Accountants |
|
Address : |
3/8 Surya Niwas CHS, Colony Road, Sion West, Mumbai, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AMXPS5218F |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Subsidiary company: |
U72300MH2012PTC227824 |
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|
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|
Step down
Subsidiaries : |
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|
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|
Associate : |
|
|
|
|
|
KMP can exercise significant
influence : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1100000 |
Equity Shares |
INR 100/- each |
INR 110.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1054061 |
Equity Shares |
INR 100/- each |
INR 105.406
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 |
105.406 |
105.406 |
95.757 |
|
(b) Reserves and Surplus |
142.166 |
137.251 |
126.886 |
|
(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) |
247.572 |
242.657 |
222.643 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.001 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.001 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.326 |
0.483 |
0.000 |
|
(b) Trade
payables |
15.296 |
15.303 |
15.030 |
|
(c) Other
current liabilities |
0.296 |
0.297 |
0.239 |
|
(d) Short-term
provisions |
16.865 |
0.000 |
5.293 |
|
Total Current
Liabilities (4) |
32.783 |
16.083 |
20.562 |
|
|
|
|
|
|
TOTAL |
280.355 |
258.741 |
243.205 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.009 |
0.028 |
0.000 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
246.644 |
224.542 |
218.864 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
27.251 |
18.118 |
16.737 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
273.904 |
242.688 |
235.601 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
6.309 |
7.522 |
4.668 |
|
(d) Cash and
bank balances |
0.029 |
0.026 |
(0.468) |
|
(e)
Short-term loans and advances |
0.113 |
0.101 |
0.768 |
|
(f) Other
current assets |
0.000 |
8.404 |
2.636 |
|
Total
Current Assets |
6.451 |
16.053 |
7.604 |
|
|
|
|
|
|
TOTAL |
280.355 |
258.741 |
243.205 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
29.429 |
28.431 |
39.169 |
|
|
Other Income |
18.535 |
12.829 |
10.513 |
|
|
TOTAL |
47.964 |
41.260 |
49.682 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
1.800 |
1.800 |
1.181 |
|
|
Other expenses |
22.009 |
20.684 |
26.244 |
|
|
TOTAL |
23.809 |
22.484 |
27.425 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
24.155 |
18.776 |
22.257 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.048 |
0.034 |
0.259 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
24.107 |
18.742 |
21.998 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.019 |
0.029 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
24.088 |
18.713 |
21.998 |
|
|
|
|
|
|
|
Less |
TAX |
2.308 |
2.601 |
3.820 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
21.780 |
16.112 |
18.178 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
20.66 |
12.97 |
20.61 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
6.870 |
(7.545) |
12.547 |
|
Net cash flows from (used in) operating activities |
3.777 |
(10.629) |
8.727 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
78.25 |
96.57 |
43.50 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.66 |
3.78 |
8.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2683.89 |
670.57 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.12 |
0.06 |
0.08 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.13 |
0.07 |
0.09 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
503.23 |
552.24 |
85.93 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
74.01 |
56.67 |
46.41 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.77 |
6.23 |
7.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
8.80 |
6.64 |
8.16 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.20 |
1.00 |
0.37 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.20 |
1.00 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.88 |
0.94 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.20 |
1.00 |
0.37 |
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 |
95.757 |
105.406 |
105.406 |
|
Reserves & Surplus |
126.886 |
137.251 |
142.166 |
|
Net
worth |
222.643 |
242.657 |
247.572 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.483 |
0.326 |
|
Total
borrowings |
0.000 |
0.483 |
0.326 |
|
Debt/Equity
ratio |
0.000 |
0.002 |
0.001 |
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 |
39.169 |
28.431 |
29.429 |
|
|
0.000 |
(27.415) |
3.510 |
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 |
39.169 |
28.431 |
29.429 |
|
Profit/ (Loss) |
18.178 |
16.112 |
21.780 |
|
|
46.41
% |
56.67
% |
74.01
% |
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS
During the year the company earned total revenue of INR 47.964 Million as agaist INR 41.260 Million in the previous year. After Tax Profit of the company for the year also improved to INR 21.780 Million as against INR 16.111 Million in the previous year.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C09477688 |
10518721 |
UNION BANK OF INDIA |
10/11/2012 |
- |
- |
195600000.0 |
Bhavani Nagar Branch, Building No. B, Plot No.18, Bhavani Nagar, Marol Maroshi Road, Andheri (East), Mumbai – 400059, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees |
4620.500 |
3980.000 |
|
Other money for which company is contingently liable |
2.436 |
2.436 |
FIXED ASSETS
- 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 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 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.24 |
INFORMATION DETAILS
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUJ |
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.