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|
MIRA INFORM REPORT
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Report No. : |
484750 |
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Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
YASHAM SPECIALITY INGREDIENTS PRIVATE LIMITED (w.e.f.
15.05.2013) |
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Formerly Known
As : |
YASHAM IMPORTERS AND EXPORTERS PRIVATE LIMITED |
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Registered
Office : |
401, Satyadev, Plot No.A-6, Veera Industrial Estate, Off.
Veera Desai Road, Andheri (West), Mumbai – 400053, Maharashtra |
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Tel. No.: |
91-8097544426 (Mr. Sandip Kadam) |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
07.01.1997 |
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Com. Reg. No.: |
11-104919 |
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Capital
Investment / Paid-up Capital : |
INR 11.560 Million |
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CIN No.: [Company Identification
No.] |
U51100MH1997PTC104919 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTIN : |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACY0341B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Trading, Importing, Exporting, and indenting commission agency in all kinds and varieties of Chemicals and ingredients of speciality chemicals mainly used by pharmaceuticals, cosmetics and agricultural industries. (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 was incorporated in the year 1997 and it is a trader and
exporter of Chemicals and pharmaceutical products. It also import Cosmetics. As per financial of March 2017, the company has registered growth of
43.32% in its revenue as compared to its previous year’s revenue and has
reported good profit margin of 6.32% under review. Rating takes into consideration the company’s established track record
of business operations marked by sound net worth base along with comfortable
debt coverage indicators and decent liquidity position. Rating also taken into account the company’s extensive experience of
promoter in the chemicals trading industry and established relationship with
customers and supplier. Further, the company has reported a good earnings per share of INR
33.66 against its face value of INR 10. However, rating strength is partially by susceptibility of margin to
volatility in commodity prices and foreign exchange rates. Payments terms are reported to be regular. In view of aforesaid, the subject can be considered business dealings
at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
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Rating Explanation |
Not Available |
|
Date |
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 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 DENIED BY
|
Name : |
Mr. Sandip Kadam |
|
Designation : |
Logistics Manager |
|
Contact No.: |
91-8097544426 |
|
Date : |
05.01.2018 |
LOCATIONS
|
Registered Office / Corporate Office: |
401, Satyadev, Plot No.A-6, Veera Industrial Estate, Off.
Veera Desai Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-40639900/ 40639951 / 40639932 |
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Mobile No.: |
91-8097544426 (Mr. Sandip Kadam) |
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Fax No.: |
91-22-40639901 |
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E-Mail : |
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Website : |
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Area : |
5500 Sq. ft. |
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Location : |
Owned |
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Locality : |
Commercial |
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Branch Office : |
201, Second Floor, Vardhaman Star City Mall, LSC -III, Sector
7, Dwarka, Near Ramphal Chowk, New Delhi – 110075, India |
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Tel. No.: |
91-11-25089503 |
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Fax No.: |
91-11-25084172 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vivek Dattatray Samant |
|
Designation : |
Managing Director |
|
Address : |
405, Raheja Crest 1, Raheja Complex Off Link Road,
Oshiwara, Andheri (West) Mumbai -400053, Maharashtra, India |
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Date of Birth/Age : |
05.02.1958 |
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Date of Appointment : |
10.05.1997 |
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DIN No.: |
00107774 |
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Name : |
Mrs. Namita Vivek Samant |
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Designation : |
Wholetime Director |
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Address : |
405, Raheja Crest 1, Raheja Complex Off Link Road,
Oshiwara, Andheri (West) Mumbai -400053, Maharashtra, India |
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Date of Birth/Age : |
25.07.1962 |
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Date of Appointment : |
10.01.1997 |
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DIN No.: |
00107808 |
KEY EXECUTIVES
|
Name : |
Mr. Sandip Kadam |
|
Designation : |
Logistics Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Vivek Dattatray Samant |
639167 |
55.29 |
|
Namita Vivek Samant |
215119 |
18.61 |
|
Vidya Dattatray Samant |
135000 |
11.68 |
|
Vidya Dattatray Samant-HUF |
166667 |
14.42 |
|
Total |
1155953 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Trading, Importing, Exporting, and indenting commission agency in all kinds and varieties of Chemicals and ingredients of speciality chemicals mainly used by pharmaceuticals, cosmetics and agricultural industries. (Registered activity) |
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Products / Services
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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 : |
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 : |
The Hongkong and Shanghai Banking Corporation Limited,
52/60 Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
N.R. Agrawal and Company Chartered Accountants |
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Address : |
209/B Crystal Plaza, New Link Road, Andheri (West), Mumbai – 400053,
Maharashtra, India |
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Tel. No.: |
91-22-66955551/66955552 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFN1711B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary : |
U24297MH2015PTC264233 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
INR 10/- each |
INR 12.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1155953 |
Equity Shares |
INR 10/- each |
INR 11.560 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET – (STANDALONE)
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
11.559 |
11.559 |
11.559 |
|
(b) Reserves & Surplus |
132.971 |
94.056 |
83.841 |
|
(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) |
144.530 |
105.615 |
95.400 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
18.852 |
15.916 |
6.964 |
|
(b) Deferred tax liabilities
(Net) |
2.679 |
3.040 |
(1.998) |
|
(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) |
21.531 |
18.956 |
4.966 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
56.132 |
59.080 |
59.397 |
|
(b) Trade payables |
50.772 |
40.997 |
25.414 |
|
(c) Other current liabilities |
19.409 |
18.405 |
14.395 |
|
(d) Short-term provisions |
9.130 |
2.545 |
0.881 |
|
Total
Current Liabilities (4) |
135.443 |
121.027 |
100.087 |
|
|
|
|
|
|
TOTAL |
301.504 |
245.598 |
200.453 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
63.633 |
59.179 |
50.316 |
|
(ii) Intangible Assets |
0.010 |
0.198 |
0.382 |
|
(iii) 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 |
9.940 |
1.930 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.560 |
15.647 |
12.249 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
81.143 |
76.954 |
62.947 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
69.902 |
64.517 |
52.135 |
|
(c) Trade receivables |
131.843 |
84.314 |
75.189 |
|
(d) Cash and cash equivalents |
3.979 |
7.625 |
7.339 |
|
(e) Short-term loans and
advances |
5.755 |
4.713 |
2.843 |
|
(f) Other current assets |
8.882 |
7.475 |
0.000 |
|
Total
Current Assets |
220.361 |
168.644 |
137.506 |
|
|
|
|
|
|
TOTAL |
301.504 |
245.598 |
200.453 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
625.096 |
436.149 |
338.478 |
|
|
Other Income |
11.650 |
3.660 |
7.349 |
|
|
TOTAL
|
636.746 |
439.809 |
345.827 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
452.657 |
312.423 |
225.929 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(5.923) |
(13.460) |
0.970 |
|
|
Employees benefits expense |
60.058 |
55.138 |
47.506 |
|
|
Other expenses |
57.691 |
50.496 |
48.151 |
|
|
TOTAL |
564.483 |
404.597 |
322.556 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
72.263 |
35.212 |
23.271 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.334 |
5.811 |
9.368 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
63.929 |
29.401 |
13.903 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
6.031 |
5.577 |
7.105 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
57.898 |
23.824 |
6.798 |
|
|
|
|
|
|
|
Less |
TAX |
18.984 |
13.632 |
1.291 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
38.914 |
10.192 |
5.507 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
42.946 |
32.754 |
27.247 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
81.860 |
42.946 |
32.754 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Exports of Goods |
19.968 |
9.978 |
21.090 |
|
|
Other Income (Foreign
Commission) |
26.996 |
23.830 |
36.690 |
|
|
Insurance |
|
|
|
|
|
TOTAL
EARNINGS |
46.964 |
33.808 |
57.780 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
299.898 |
233.229 |
223.194 |
|
|
TOTAL
IMPORTS |
299.898 |
233.229 |
223.194 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
33.66 |
8.82 |
4.76 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.023 |
0.833 |
2.994 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
76.98 |
70.56 |
81.08 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.74 |
5.17 |
4.50 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
40.94 |
47.90 |
41.06 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.03 |
0.55 |
0.45 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.14 |
0.59 |
0.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.52 |
0.56 |
0.55 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.53 |
0.72 |
0.73 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.94 |
1.15 |
1.05 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.44 |
0.56 |
0.53 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
8.67 |
6.06 |
2.48 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
6.23 |
2.34 |
1.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
12.91 |
4.15 |
2.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
26.92 |
9.65 |
5.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.63 |
1.39 |
1.37 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.11 |
0.86 |
0.85 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.48 |
0.43 |
0.48 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
6.58 |
6.56 |
6.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.63 |
1.39 |
1.37 |
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 |
11.559 |
11.559 |
11.559 |
|
Reserves & Surplus |
83.841 |
94.056 |
132.971 |
|
Net
worth |
95.400 |
105.615 |
144.530 |
|
|
|
|
|
|
Long Term borrowings |
6.964 |
15.916 |
18.852 |
|
Short Term borrowings |
59.397 |
59.080 |
56.132 |
|
Current Maturities of Long term debt |
2.994 |
0.833 |
1.023 |
|
Total
borrowings |
69.355 |
75.829 |
76.007 |
|
Debt/Equity
ratio |
0.727 |
0.718 |
0.526 |
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
|
338.478 |
436.149 |
625.096 |
|
|
|
28.856 |
43.322 |
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
|
338.478 |
436.149 |
625.096 |
|
Profit |
5.507 |
10.192 |
38.914 |
|
|
1.63% |
2.34% |
6.23% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
11.559 |
11.559 |
|
(b) Reserves & Surplus |
|
130.376 |
93.372 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
(d) Minority Interest |
|
4.327 |
0.772 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
16.454 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
162.716 |
105.703 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
18.853 |
15.916 |
|
(b) Deferred tax liabilities
(Net) |
|
0.355 |
2.405 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
19.208 |
18.321 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
56.132 |
59.140 |
|
(b) Trade payables |
|
51.969 |
41.079 |
|
(c) Other current liabilities |
|
19.907 |
18.492 |
|
(d) Short-term provisions |
|
9.123 |
2.545 |
|
Total
Current Liabilities (4) |
|
137.131 |
121.256 |
|
|
|
|
|
|
TOTAL |
|
319.055 |
245.280 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
64.752 |
59.403 |
|
(ii) Intangible Assets |
|
0.010 |
0.198 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Goodwill - On Consolidated |
|
0.042 |
0.042 |
|
(c) Non-current Investments |
|
2.800 |
0.400 |
|
(d) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(e) Long-term Loan and Advances |
|
17.790 |
15.672 |
|
(f) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
85.394 |
75.715 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
72.583 |
64.517 |
|
(c) Trade receivables |
|
133.551 |
84.348 |
|
(d) Cash and cash equivalents |
|
12.991 |
8.387 |
|
(e) Short-term loans and
advances |
|
5.654 |
4.838 |
|
(f) Other current assets |
|
8.882 |
7.475 |
|
Total
Current Assets |
|
233.661 |
169.565 |
|
|
|
|
|
|
TOTAL |
|
319.055 |
245.280 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
Income |
628.871 |
436.184 |
|
|
Other Income |
11.752 |
3.660 |
|
|
TOTAL
|
640.623 |
439.844 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
458.475 |
312.423 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(8.605) |
(13.461) |
|
|
Employees benefits expense |
62.469 |
55.926 |
|
|
Other expenses |
61.305 |
51.756 |
|
|
TOTAL |
573.644 |
406.644 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
66.979 |
33.200 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.353 |
5.812 |
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
58.626 |
27.388 |
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
6.164 |
5.622 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
52.462 |
21.766 |
|
|
|
|
|
|
Less |
TAX |
17.294 |
12.997 |
|
|
|
|
|
|
|
PROFIT
BEFORE MINORITY INTEREST |
35.168 |
8.769 |
|
|
|
|
|
|
|
Minority Interest |
(1.836) |
(0.657) |
|
|
|
|
|
|
|
PROFIT
FOR THE YEAR |
37.004 |
9.426 |
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
32.01 |
8.15 |
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 |
NOTE: Registered office of the company has been shifted from R No. 1A, Nityanand Sadanbhardwadi, J P Road, Andheri (West), Mumbai – 400058, Maharashtra, India to the present address w.e.f. 01.01.2008.
CORPORATE INFORMATION
Subject (formerly known as Yasham Importers and Exporters Private Limited) was incorporated on 07th January, 1997 having registered office at 401, Satyadev, Veera Industrial Estate, Off Veera Desai Road, Andheri -West, Mumbai, Maharashtra was engaged in the business of Trading, Importing, Exporting, and indenting commission agency in all kinds and varieties of Chemicals and ingredients of speciality chemicals mainly used by pharmaceuticals, cosmetics and agricultural industries.
UNSECURED LOANS
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
From Others: |
|
|
|
Vivek D. Samant (Unsecured loan for CC requirements from Vivek D Sam ant, Director. The term loan carries interest @10% p.a.) |
7.749 |
5.017 |
|
Total |
7.749 |
5.017 |
INDEX
OF CHARGES:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G13537998 |
100052889 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
23/08/2016 |
- |
- |
5000000.0 |
52/60 MAHATMA GANDHI ROAD, FORTMUMBAIMH400001IN |
|
2 |
G13578752 |
100052961 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
23/08/2016 |
- |
- |
50000000.0 |
52/60 MAHATMA GANDHI ROAD, FORTMUMBAIMH400001IN |
|
3 |
C71416051 |
10604755 |
ICICI HFC LTD |
23/07/2015 |
- |
- |
2167200.0 |
NO. 14, 4TH FLOOR, SHRI KRISHNA TOWER,RPD CROSS, TILAKWADIBELGUMKA590006IN |
|
4 |
C53692968 |
10569521 |
ICICI BANK LIMITED |
21/05/2015 |
- |
- |
6915401.0 |
TRANS TRADE CENTRE, OPP. FLORAL DECK PLAZASEEPZ, MIDC, ANDHERI EASTMUMBAIMH400093IN |
|
5 |
C54578331 |
10063860 |
CORPORATION BANK |
31/07/2007 |
22/01/2015 |
- |
100000000.0 |
A-02-03,DEV PRESTIGE,VEERADESAI ROADANDHERI WESTMUMBAIMH400058IN |
|
6 |
C74935230 |
10196903 |
ICICI BANK LIMITED |
26/02/2007 |
- |
11/12/2015 |
25000000.0 |
349, BUSINESS POINT, NEAR SAI SERVICES,WESTERN EXPRESS HIGHWAY, ANDHERI EAST,MUMBAIMH400049IN |
|
7 |
C70691639 |
10360381 |
ICICI HOME FINANCE COMPANY LIMITED |
05/06/2012 |
- |
28/10/2015 |
5000000.0 |
ICICI BANK TOWERS, BANDRA-KURLACOMPLEX,MUMBAIMH400051IN |
|
8 |
C34580902 |
10089795 |
CORPORATION BANK |
07/02/2008 |
- |
13/11/2014 |
2500000.0 |
VERSOVA BRANCH,ANDHERI (WEST),MUMBAIMH400053IN |
|
9 |
C34584318 |
10089796 |
CORPORATION BANK |
31/01/2008 |
- |
13/11/2014 |
2000000.0 |
VERSOVA BRANCH,ANDHERI (WEST),MUMBAIMH400053IN |
|
10 |
C34583161 |
90141272 |
CORPORATION BANK |
07/04/2004 |
18/12/2008 |
13/11/2014 |
38000000.0 |
VERSOVA BRANCHANDHERI (WEST)MUMBAIMH400053IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Income Tax Demand against Company not accounted as
Liability |
6.472 |
6.472 |
|
Note: # Claims against the company not acknowledged as debts include demands from income tax authorities for payment of additional tax of INR 6.472 Million for A.Y.2011-12. The income tax demands are mainly on account of invoking the controversial provision of section 2(22)(e) of the Income tax Act, 1961 by adding on protective basis the amount of ICDs given to companies under the same management as taxable deemed dividend in the hands of the recipient company and also disallowing the remuneration paid to Directors as excessive or unreasonable. The matter for the assessment years 2011-12 are pending before honorable income tax tribunal Mumbai. The company is contesting the demand and the Management including its tax advisors believe that its position will likely be upheld in the appellate process as has been done in the preceding assessment years i.e 2007-08 and 2009-10. |
||
FIXED ASSETS
Tangible Assets
- Land
- Building and Improvement
- Office Equipments
- Computers Systems
- Furniture and Fixtures
- Motor Vehicles
- Building Under Construction
Intangible Assets
- 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 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
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.