|
|
|
MIRA INFORM REPORT
|
Report No. : |
484494 |
|
Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
RAJ PETRO SPECIALITIES PRIVATE LIMITED (w.e.f.14.05.2007) |
|
|
|
|
Formerly Known
As : |
SURYODAY BLENDING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-1-101, Boomerang, Chandivali Farm Road, Chandivali, Andheri (East),
Mumbai-400072, Maharashtra |
|
Tel. No.: |
91-22-61993300 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of Incorporation
: |
06.05.1997 |
|
|
|
|
Com. Reg. No.: |
11-107800 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 183.876 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23201MH1997PTC107800 |
|
|
|
|
IEC No.: |
0301069123 |
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|
|
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GST No.: |
33AACCS4923P2Z1 |
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|
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TIN No.: |
33421200090 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS4923P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
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Line of Business
: |
Manufacturer, Supplier and Exporter of various Speciailty Petroleum Products, Industrial Oils and Lubricants. [Registered Activity and also Confirmed by Management] |
|
|
|
|
No. of Employees
: |
750 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 1997 and it is a manufacturer of various specialty petroleum products, industrial oils and lubricants. As per the Registrar of Companies date of balance sheet (i.e. financial filed) is show as 31.03.2017 but documents related to the financial for the year 31.03.2017 are not available from any sources. For the financial year ended 2016, the revenue of the company has declined by 22.66% but has reported average profit margin of 1.57% during the year under review. The company’s sound financial profile is reflected by its above average solvency indicators due to low debt balance sheet profile along with sound net worth base and average liquidity position. Rating also derives strength form company’s established track record of business operations and promoters extensive industry experience. However, rating strength is partially offset by intensely competitive business environment due to the dominance of large-scale, organized players in the lubricant industry and vulnerability of profitability to the volatility in the prices of base oil, which is a crude oil derivative, and forex fluctuations. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. 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.
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 Loans=BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit
risk |
|
Date |
18.08.2017 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans=A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
18.08.2017 |
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 06.01.2018.
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 PARTED BY
|
Name : |
Mr. Dhimant Bhatt |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9825473054 |
LOCATIONS
|
Registered/ Corporate Office 1 : |
B-1-101, Boomerang, Chandivali Farm Road, Chandivali, Andheri (East),
Mumbai-400072, Maharashtra, India |
|
Tel. No.: |
91-22-61993300/ 61993333 |
|
Mobile No.: |
91-9825473054 [Mr. Dhimant Bhatt] |
|
Fax No.: |
91-22-61994444 |
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E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office
2: |
2A-D, Doshi Towers, 156, Poonamallee High Road, Kilpauk, Chennai
- 600010, Tamilnadu, India |
|
Tel. No.: |
91-44-42288900 |
|
Fax No.: |
91-44-42288912 |
|
|
|
|
Factory 1 : |
S.N. 146/2/3, Madhuban Dam Road, Village Karad, Silvassa-396230, Dadra and Nagar Haveli (U.T), India |
|
Tel. No.: |
91-260-3091881 |
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|
|
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Factory 2 : |
73/ 1B, Vaikkadu Village Manali, Chennai-600103, Tamilnadu, India |
|
|
|
|
Other Factories
: |
Located at: · Panoli |
|
|
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|
Branch Office/ Depot
: |
B-124, 3rd Cross, 1st Stage, Peenya Industrial Estate,
Bangalore-560058, Karnataka, India |
|
E-Mail : |
|
|
|
|
|
Other Branch Offices/ Depot : |
Located at ·
Hyderabad ·
Pune ·
Gurugram ·
New Delhi ·
Kolkata ·
Aurangabad ·
Nagpur ·
Vadodara |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ajay Jaysinh Anjaria |
|
Designation : |
Whole-time director |
|
Address : |
Flat No.401, Odyssey 1, Orchard Avenue, Hiranandani Garden, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
19.08.1965 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
27.01.2003 |
|
PAN No.: |
AABPA2335D |
|
DIN No.: |
00208385 |
|
|
|
|
Name : |
Mr. Yogin Laxmidas Porecha |
|
Designation : |
Director |
|
Address : |
34, Laxmi Villa, Tagore Road, Santacruz (West), Mumbai – 400054, Maharashtra, India |
|
Date of Birth/Age : |
30.07.1955 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
19.05.2007 |
|
DIN No.: |
00208155 |
|
|
|
|
Name : |
Mr. Rajesh Chandrakant Anjaria |
|
Designation : |
Director |
|
Address : |
B/2301, Eldora, 23rd Floor, Hiranandani Garden, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
01.11.1956 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
19.05.2007 |
|
PAN No.: |
AADPA6880F |
|
DIN No.: |
00208296 |
|
|
|
|
Name : |
Mr. Amit Bipin Nanavati |
|
Designation : |
Director |
|
Address : |
Old No.13, New No.10, Ormes Road, 3rd Cross Street, Kilpauk, Chennai – 600010, Tamilnadu, India |
|
Date of Birth/Age : |
16.08.1968 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2010 |
|
PAN No.: |
AAFPA5821N |
|
DIN No.: |
00208446 |
|
|
|
|
Name : |
Mr. Viren Bipin Nanavati |
|
Designation : |
Director |
|
Address : |
8, Letangs Road, Vepery, Chennai – 600007, Tamilnadu, India |
|
Date of Birth/Age : |
08.10.1971 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
19.05.2007 |
|
PAN No.: |
AACPN6854B |
|
DIN No.: |
00209110 |
|
|
|
|
Name : |
Mr. Vinit Surendra Asher |
|
Designation : |
Director |
|
Address : |
5, Amrut Dhara, Joshi Lane, Tilak Road, Ghatkopar, Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
23.10.1975 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
07.10.2002 |
|
PAN No.: |
AAACA1234A |
|
DIN No.: |
00209230 |
|
|
|
|
Name : |
Mr. Mehul Uday Nanavati |
|
Designation : |
Director |
|
Address : |
Prerna, 6 F, Ormes Road, 3rd Cross Street, Kilpauk, Chennai – 600010, Tamilnadu, India |
|
Date of Birth/Age : |
14.09.1974 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
19.05.2007 |
|
PAN No.: |
AADPN0795L |
|
DIN No.: |
00209491 |
|
|
|
|
Name : |
Mr. Nalin Jaswantsinh Nanavati |
|
Designation : |
Director |
|
Address : |
Old No.11, Ormes Road, 3rd Cross Street, Kilpauk, Chennai – 600010, Tamilnadu, India |
|
Date of Birth/Age : |
02.09.1957 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
19.05.2007 |
|
PAN No.: |
AACPN3235C |
|
DIN No.: |
00211279 |
|
|
|
|
Name : |
Mr. Ramamurthy Sureshkumar Kizhvaidhyankuppam |
|
Designation : |
Director |
|
Address : |
New No 8, 2nd Cross Street R.K Nagar, R.A Puram, Chennai-600028, Tamilnadu, India |
|
Date of Birth/Age : |
20.08.1953 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.03.2016 |
|
DIN No.: |
07438782 |
KEY EXECUTIVES
|
Name : |
Manasa Lalitha |
|
Designation : |
Company Secretary |
|
Address : |
F-3 Thanya Regency, 11/61 Ganesh Nagar Main Road,
Selaiyur, Chennai- 600073, Tamilnadu,
India |
|
Date of Birth/Age : |
26.02.1986 |
|
Qualification : |
ACS |
|
Date of Appointment : |
01.11.2015 |
|
PAN No.: |
AUWPM2651D |
|
|
|
|
Name : |
Mr. Dhimant Bhatt |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/ Hindu Undivided Family- Indian) |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier and Exporter of various Speciailty Petroleum Products, Industrial Oils and Lubricants. [Registered Activity and also Confirmed by Management] |
||||
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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 : |
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||||
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Products : |
· Speciailty Petroleum Products · Industrial Oils ·
Lubricants |
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|
Countries : |
· Europe · Germany |
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Imports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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||||
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Selling : |
L/C |
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Purchasing : |
L/C |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturers
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No. of Employees : |
750 (Approximately) |
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|
Bankers : |
· HDFC Bank Limited HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India · Standard Chartered Bank Crescenzo, Plot No. C-38 & C-39, G Block, Bandra Kurla Complex, Bandra East, Mumbai-400051, Maharashtra, India · Corporation Bank · Kotak Mahindara Bank Limited 36-38A Nariman Bhavan, 227 Nariman Point, Mumbai - 400021, Maharashtra, India |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
N P Redij and Company Chartered Accountants |
|
Address : |
1st Floor, Annexe, Building, Thakkar, Industrial Estate, Champsi, Bhimji Road, Mazgaon, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFN1783D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Companies: |
·
Raj Petro Specialities DMCC ·
Raj Petro Specialities (Europe) BV |
|
|
|
|
Associate Companies: |
· Crumbs and Cakes Gourmet Private Limited [U15549TN2013PTC090302] · One World Impex Private Limited [U51496TN2004PTC053597] |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5600000 |
Equity Shares |
INR 10/- each |
INR 56.000 Million |
|
225000 |
Equity Shares (Class A) |
INR 10/- each |
INR 2.250 Million |
|
1312500 |
Preference Shares |
INR 100/- each |
INR 131.250 Million |
|
|
|
|
|
|
|
Total |
|
INR 189.500 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5520080 |
Equity Shares |
INR 10/- each |
INR 55.201 Million |
|
1286750 |
Preference Shares |
INR 100/- each |
INR 128.675
Million |
|
|
|
|
|
|
|
Total |
|
INR 183.876 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
183.876 |
183.876 |
183.876 |
|
(b) Reserves & Surplus |
2231.072 |
2197.326 |
2159.774 |
|
(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) |
2414.948 |
2381.202 |
2343.650 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
315.250 |
309.924 |
268.661 |
|
(b) Deferred tax liabilities (Net) |
44.961 |
40.153 |
43.703 |
|
(c)
Other long term liabilities |
2.900 |
2.700 |
1.210 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
363.111 |
352.777 |
313.574 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
982.758 |
992.406 |
1171.970 |
|
(b)
Trade payables |
2659.872 |
3496.195 |
4323.030 |
|
(c)
Other current liabilities |
357.582 |
212.813 |
229.298 |
|
(d)
Short-term provisions |
1042.953 |
277.165 |
552.343 |
|
Total
Current Liabilities (4) |
5043.165 |
4978.579 |
6276.641 |
|
|
|
|
|
|
TOTAL |
7821.224 |
7712.558 |
8933.865 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
861.512 |
837.454 |
630.741 |
|
(ii)
Intangible Assets |
5.759 |
7.422 |
6.386 |
|
(iii)
Capital work-in-progress |
41.530 |
21.236 |
96.040 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
4.443 |
4.443 |
4.443 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
179.198 |
155.268 |
140.028 |
|
(e)
Other Non-current assets |
0.000 |
0.041 |
0.060 |
|
Total
Non-Current Assets |
1092.442 |
1025.864 |
877.698 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1886.164 |
1735.652 |
2982.049 |
|
(c)
Trade receivables |
2945.754 |
3688.834 |
3693.282 |
|
(d)
Cash and cash equivalents |
389.438 |
501.527 |
622.577 |
|
(e)
Short-term loans and advances |
406.895 |
512.523 |
518.813 |
|
(f)
Other current assets |
1100.531 |
248.158 |
239.446 |
|
Total
Current Assets |
6728.782 |
6686.694 |
8056.167 |
|
|
|
|
|
|
TOTAL |
7821.224 |
7712.558 |
8933.865 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
12105.527 |
15651.794 |
14450.333 |
|
|
|
Other Income |
144.254 |
55.059 |
51.184 |
|
|
|
TOTAL |
12249.781 |
15706.853 |
14501.517 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
9546.818 |
13299.820 |
12293.423 |
|
|
|
Purchases of Stock-in-Trade |
215.542 |
272.721 |
84.839 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(82.317) |
29.203 |
(77.538) |
|
|
|
Employees benefits expense |
499.930 |
351.364 |
312.155 |
|
|
|
Other expenses |
1425.308 |
1229.720 |
1359.614 |
|
|
|
CSR expenditure |
2.567 |
0.000 |
0.000 |
|
|
|
Exceptional Items |
0.033 |
(2.870) |
(1.672) |
|
|
|
Prior Period Items |
0.000 |
0.000 |
0.623 |
|
|
|
TOTAL |
11607.881 |
15179.958 |
13971.444 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
641.900 |
526.895 |
530.073 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
272.982 |
308.92 |
324.405 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
368.918 |
217.975 |
205.668 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
111.127 |
114.496 |
65.774 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX |
257.791 |
103.479 |
139.894 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
67.808 |
26.450 |
43.284 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX |
189.983 |
77.029 |
96.610 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss) Per Share (INR) |
31.61 |
11.15 |
14.77 |
|
|
PARTICULARS |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
16700.000 |
|
|
|
|
[Due to Business
Growth] |
The above information has been parted by Mr. Dhimant Bhatt [Marketing
Manager]
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
591.436 |
516.509 |
483.833 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
404.798 |
426.822 |
431.897 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
88.82 |
86.02 |
93.29 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.11 |
4.24 |
3.91 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
99.45 |
94.02 |
127.47 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.34 |
0.30 |
0.18 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.71 |
0.61 |
0.72 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.69 |
0.69 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.54 |
0.55 |
0.61 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.09 |
2.09 |
2.68 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.38 |
0.36 |
0.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.35 |
1.71 |
1.63 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.57 |
0.49 |
0.67 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.43 |
1.00 |
1.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.87 |
3.23 |
4.12 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.33 |
1.34 |
1.28 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.96 |
0.99 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.31 |
0.31 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.06 |
7.08 |
7.83 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.33 |
1.34 |
1.28 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL DATA
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
183.876 |
183.876 |
183.876 |
|
Reserves & Surplus |
2159.774 |
2197.326 |
2231.072 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2343.650 |
2381.202 |
2414.948 |
|
|
|
|
|
|
Long-term borrowings |
268.661 |
309.924 |
315.250 |
|
Short term borrowings |
1171.970 |
992.406 |
982.758 |
|
Total
borrowings |
1440.631 |
1302.330 |
1298.008 |
|
Debt/Equity
ratio |
0.615 |
0.547 |
0.537 |
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 |
14450.333 |
15651.794 |
12105.527 |
|
|
|
8.314 |
(22.657) |
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 |
14450.333 |
15651.794 |
12105.527 |
|
Profit |
96.610 |
77.029 |
189.983 |
|
|
0.67% |
0.49% |
1.57% |
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 |
Yes |
|
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G02297877 |
100022756 |
HDFC BANK LIMITED |
30/01/2016 |
- |
- |
2925000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,MUMBAIMH400013IN |
|
2 |
C70039813 |
10602343 |
STANDARD CHARTERED BANK |
08/09/2015 |
- |
- |
750000000.0 |
CRESCENZO, PLOT NO. C-38 & C-39, G
BLOCKBANDRA KURLA COMPLEX, BANDRA EASTMUMBAIMH400051IN |
|
3 |
C79621116 |
10621279 |
HDFC BANK LIMITED |
09/07/2015 |
- |
- |
3950000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER
PAREL WMUMBAIMH400013IN |
|
4 |
C59953497 |
10582358 |
HDFC BANK LIMITED |
05/06/2015 |
- |
- |
1622000.0 |
LOAN DEPARTMENT, RETAIL ASSET DIVISION56.G.N.
CHETTY ROAD,T NAGARCHENNAITN600017IN |
|
5 |
C53425237 |
10568960 |
HDFC BANK LIMITED |
14/05/2015 |
- |
- |
12000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER
PAREL WMUMBAIMH400013IN |
|
6 |
C38759726 |
10539865 |
ICICI BANK LIMITED |
28/11/2014 |
- |
- |
934000.0 |
KESHAVRAO KHADYE MARG,DR.BABASAHEB AMBEDKAR
COLONYARYA NAGAR,MAHALAXMIMH400034IN |
|
7 |
C41699919 |
10545668 |
HDFC BANK LIMITED |
14/10/2014 |
- |
- |
485000.0 |
LOAN DEPARTMENT, RETAIL ASSET DIVISION56.G.N.
CHETTY ROAD,T NAGARCHENNAITN600017IN |
|
8 |
C41152216 |
10544760 |
HDFC BANK LIMITED |
10/10/2014 |
- |
- |
700000.0 |
LOAN DEPARTMENT, RETAIL ASSET
DIVISION56.G.N. CHETTY ROAD,T NAGARCHENNAITN600017IN |
|
9 |
C31175086 |
10528035 |
ICICI BANK LIMITED |
12/09/2014 |
- |
- |
2897000.0 |
KESHAVRAO KHADYE MARG,DR.BABASAHEB AMBEDKAR
COLONYARYA NAGAR,MAHALAXMIMH400034IN |
|
10 |
C38007662 |
10538664 |
ICICI BANK LIMITED |
20/08/2014 |
- |
- |
1514000.0 |
KESHAVRAO KHADYE MARG,DR.BABASAHEB AMBEDKAR
COLONYARYA NAGAR,MAHALAXMIMH400034IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans
and advances from related parties |
290.275 |
292.474 |
|
|
|
|
|
Total |
290.275 |
292.474 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 1st
Floor, 124, G.D Ambekar Marg, Ambawadi, Cotton Green (West), Mumbai-400033, Maharashtra,
India to the present address.
CORPORATE INFORMATION
Subject is a leading manufacturer and Blender of various Speciailty Petroleum Products, Industrial Oils and Lubricants, having three manufacturing units at Silvassa, Panoli and Chennai and Division of Health Care Services at Mumbai.
PERFORMANCE REVIEW:
The Turnover of the Company for the year ended 31st March, 2016 was INR 12249.700 Million as Compared to Previous Year Turnover of INR 15706.900 Million. The Board of Directors expects better performance in the forthcoming year.
The Company has performed better than the earlier year and earned Net Profit of INR 189.900 Million compared to INR 77.000 Million in previous year. The Board of directors are hopeful and confident of exploring further possibilities to enhance the performance of the company at a steady pace. They are looking out for viable avenues to explore company’s business opportunities.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
PRESS RELEASE:
BRENNTAG BUYS 65% IN RAJ PETRO
December
18, 2017
DOMESTIC OIL AND
SPECIALITY LUBRICANT FIRM HAS BEEN VALUED AT €92 MILLION
Germany-based Brenntag AG, a chemical distribution company, has acquired 65% stake in Raj Petro Specialities Pvt. Ltd., which has commanded an enterprise value of €92 million.
“The deal closing comes into force from April 2018,” said Steven Holland, CEO, Brenntag. “The remaining 35% stake will be acquired after five years, with a possible extension of an additional one or two years.”
‘BRAND TO CONTINUE’
Briefing reporters, Amit Nanavati, director, Raj Petro, said, “We will continue to market our product under the existing brand name.”
Brenntag provides distribution solutions for industrial and speciality chemicals worldwide. The company also provides value-added services. statement from the company said it serves customers in industries, such as adhesives, paints, oil and gas, food, water treatment, personal care, and pharmaceuticals.
Chennai-based Raj Petro’s portfolio contains transformer oils, white oils and paraffins, petroleum jelly, process oils, waxes and solvents and industrial and automotive lubricants.
The oil and lubrciants firm caters to industries such as FMCG, pharmaceutical, automotives, industrials, rubber, energy and power in Asia-Pacific and West Asia.
“Last year, Raj Petro posted a revenue of INR 11900.000 Million, of which exports accounted for 30%,” said Mr. Nanavati.
This year, it is eyeing revenues of about INR 14000.000 Million. “We have also built a new warehouse measuring 1 lakh sq.ft. in Mumbai,” he added.
In the current fiscal, Brenntag said it expected India revenue to be about €250 million, including the contribution of Raj Petro’s revenue.
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 63.38 |
|
|
1 |
INR 86.02 |
|
Euro |
1 |
INR 76.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
IND |
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 |
YES |
|
--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 be considered as unfavorable.
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.