|
|
|
MIRA INFORM REPORT
|
Report No. : |
484480 |
|
Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRADIPKUMAR PHARMA PRIVATE LIMITED [w.e.f.16.10.1995] |
|
|
|
|
Formerly Known
As : |
PRADIPKUMAR AND COMPANY (PHARMA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
701, 7th Floor, Arun Chambers, 80, Tardeo Road, Mumbai – 400034,
Maharashtra |
|
Tel. No.: |
91-22-40312222 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.08.1991 |
|
|
|
|
Com. Reg. No.: |
11-063069 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 45.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1991PTC063069 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN/UIN: |
27AAACP3668C1ZJ |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP3668C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Bulk Drugs. [Registered activity and also confirmed by
management] |
|
|
|
|
No. of Employees
: |
25 (Approximately) Note: As claimed by Mr. Jayprakash
(Purchase Manager) that there
is an increase in the number of
employees over past years and current number employees are 25. |
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 380000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Pradipkumar Pharma Private Limited was incorporated in the
year 1991. It is a Trader, Exporter and Importer of Bulk Drugs. For the financial year 2017, the company has reported decline in its
revenue as compared to previous year but has managed to maintain average
profit margin of 1.44%. The satisfactory financial profile of the company is marked by
comfortable networth base along with negligible debt level. The rating takes into consideration the subject’s long track record of
business operations along with extensive experience of its promoters. However, rating strengths are partially offset by unfavourable gap
between trade payables and trade receivables. Business is active. Payments are reported to be slow but 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
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 09.01.2018
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. Jayprakash |
|
Designation : |
Purchase Manager |
|
Contact No.: |
91-22-40312222 |
|
Date : |
08.01.2018 |
LOCATIONS
|
Registered Office : |
701, 7th Floor, Arun Chambers, 80, Tardeo Road, Mumbai – 400034,
Maharashtra, India |
|
Tel. No.: |
91-22-40312222/ 40312244/ 55/ 45/ 22082069 |
|
Mobile No.: |
91-9820223145 (Mr. Pradip Ramanlal Shah) |
|
Fax No.: |
91-22-40312200/ 22085113 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Godown / Branch Office: |
Gala No. 5/6, Manish Compound, Rehnal Village, Anjur Phata, Thane Road, Bhiwandi – 421308, Maharashtra, India |
|
|
|
|
Warehouse : |
Arshiya International Limited FTWZ Village, Sai Panvel, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Pradip Ramanlal Shah |
|
Designation : |
Managing director |
|
Address : |
1301, Veena Apartment, 198, Walkeshwar Road, Teenbatti, Mumbai –
400006, Maharashtra, India |
|
Date of Birth/Age : |
05.04.1947 |
|
Qualification : |
B. Com. |
|
Date of Appointment : |
26.08.1991 |
|
DIN No.: |
01147637 |
|
|
|
|
Name : |
Mr. Dinesh Ramanlal Shah |
|
Designation : |
Whole-time director |
|
Address : |
8, Songadh Apartments, 4th Floor, 48, Huges Road, Mumbai –
400007, Maharashtra |
|
Date of Birth/Age : |
22.08.1959 |
|
Qualification : |
B. A. |
|
Date of Appointment : |
01.04.1995 |
|
DIN No.: |
01147934 |
|
|
|
|
Name : |
Mr. Umesh Ramanlal Shah |
|
Designation : |
Whole-time director |
|
Address : |
22, Suraj Apartments, 274, Tardeo Road, Mumbai – 400007, Maharashtra,
India |
|
Date of Birth/Age : |
25.06.1957 |
|
Qualification : |
B. Com. |
|
Date of Appointment : |
01.04.1995 |
|
DIN No.: |
01147872 |
|
|
|
|
Name : |
Mr. Dhiren Ramanlal Shah |
|
Designation : |
Director |
|
Address : |
1, Ravindra Kutir, 29-B, French Road, Chowpatty, Mumbai – 400007,
Maharashtra, India |
|
Date of Birth/Age : |
22.10.1955 |
|
Date of Appointment : |
01.04.1995 |
|
DIN No.: |
01222891 |
KEY EXECUTIVES
|
Name : |
Mr. Jayprakash |
|
Designation : |
Purchase Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Shah R. Pradipkumar Ramanlal |
|
31680 |
|
Pradipkumar R. Shah, H.U.F. |
|
29700 |
|
Shah R. Pradipkumar Ramanlal Joint with Shah P. Pravina Pradipkumar |
|
39660 |
|
Shah P. Pravina Pradipkumar Joint with Shah R. Pradipkumar Ramanlal |
|
27300 |
|
Ramanlal Shah, H.U.F. |
|
28710 |
|
Shah D. Nipa Dinesh Joint with Shah R. Dinesh Ramanlal |
|
37200 |
|
Shah R. Dinesh Ramanlal Joint with Shah D. Nipa Dinesh |
|
40650 |
|
Dinesh R. Shah, H.U.F. |
|
19800 |
|
Dhiren R. Shah, H.U.F. |
|
19800 |
|
Shah D. Alok Dhiren Joint with Shah R. Dhiren Ramanlal |
|
19800 |
|
Shah R. Dhiren RamanlalJoint with Shah D. Tejal Dhiren |
|
30750 |
|
Shah D. Tejal Dhiren Joint with Shah R. Dhiren Ramanlal |
|
27300 |
|
Shah R. Umesh Ramanlal Joint with Shah U. Priti Umesh |
|
30750 |
|
Shah U. Priti Umesh Joint with Shah R. Umesh Ramanlal |
|
27300 |
|
Shah U. Deep Umesh Joint with Shah R. Umesh Ramanlal |
|
19800 |
|
Umesh R. Shah, H.U.F. |
|
19800 |
|
Total |
|
450000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Bulk Drugs. [Registered activity and also confirmed by
management] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Bulk Drugs |
|
Countries : |
Nigeria |
|
|
|
|
Imports : |
|
|
Products : |
Bulk Drugs |
|
Countries : |
Chain |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
Customers : |
Wholesalers, Retailers
|
||||||||||||||||||||||
|
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|
||||||||||||||||||||||
|
No. of Employees
: |
25 (Approximately) Note: As claimed by Mr. Jayprakash
(Purchase Manager) that there
is an increase in the number of
employees over past years and current number employees are 25. |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
B. B. Lakdawala and Company Chartered Accountants |
|
Address : |
Shelton, 10th, N. S. Road, J. V. P. D. Scheme, Mumbai – 400049,
Maharashtra, India |
|
Tel. No.: |
91-22-26201767/ 26236706 |
|
Fax No.: |
91-22-26236706 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAPL7669Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related Party (Confirmed by
management): |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
INR 100/- each |
INR 45.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
INR 100/- each |
INR 45.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
45.000 |
45.000 |
45.000 |
|
(b) Reserves &
Surplus |
88.104 |
80.879 |
64.447 |
|
(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) |
133.104 |
125.879 |
109.447 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
100.471 |
204.878 |
196.392 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
100.471 |
204.878 |
196.392 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
7.924 |
35.480 |
|
(b) Trade payables |
68.227 |
65.540 |
81.615 |
|
(c) Other current
liabilities |
8.869 |
14.505 |
25.779 |
|
(d) Short-term provisions |
0.419 |
0.000 |
2.775 |
|
Total Current Liabilities
(4) |
77.515 |
87.969 |
145.649 |
|
|
|
|
|
|
TOTAL |
311.090 |
418.726 |
451.488 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
41.450 |
45.561 |
48.020 |
|
(ii) Intangible Assets |
0.003 |
0.004 |
0.009 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
3.524 |
2.716 |
1.594 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
44.977 |
48.281 |
49.623 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
41.621 |
71.076 |
54.587 |
|
(c) Trade receivables |
178.188 |
277.631 |
327.039 |
|
(d) Cash and cash
equivalents |
35.034 |
6.196 |
4.906 |
|
(e) Short-term loans and
advances |
4.052 |
4.012 |
1.881 |
|
(f) Other current assets |
7.218 |
11.530 |
13.452 |
|
Total Current Assets |
266.113 |
370.445 |
401.865 |
|
|
|
|
|
|
TOTAL |
311.090 |
418.726 |
451.488 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
502.367 |
581.460 |
753.727 |
|
|
Other Income |
6.842 |
20.293 |
23.989 |
|
|
TOTAL |
509.209 |
601.753 |
777.716 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchase and Custom Duty |
407.907 |
497.617 |
651.025 |
|
|
Changes in inventories |
29.455 |
(16.488) |
(1.964) |
|
|
Employees benefits
expense |
16.630 |
33.355 |
26.024 |
|
|
Other expenses |
30.540 |
40.045 |
51.341 |
|
|
TOTAL |
484.532 |
554.529 |
726.426 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
24.677 |
47.224 |
51.290 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
9.728 |
22.963 |
22.732 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
14.949 |
24.261 |
28.558 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.942 |
5.202 |
5.010 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
11.007 |
19.059 |
23.548 |
|
|
|
|
|
|
|
Less |
TAX |
3.782 |
2.628 |
8.410 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
7.225 |
16.431 |
15.138 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Export |
217.630 |
296.909 |
395.576 |
|
|
Commission Received |
0.201 |
0.009 |
0.045 |
|
|
TOTAL EARNINGS |
217.831 |
296.918 |
395.621 |
|
|
|
|
|
|
|
|
IMPORTS on CIF Basis |
255.035 |
314.400 |
394.712 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
16.06 |
36.52 |
33.64 |
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 |
|
|
|
|
|
|
Cash generated from operations |
NA |
22.206 |
6.144 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
NA |
18.457 |
(3.314) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
129.46 |
174.28 |
158.37 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.82 |
2.09 |
2.30 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
61.05 |
48.07 |
45.76 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.59 |
0.66 |
0.94 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.60 |
1.04 |
1.07 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.57 |
0.70 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.75 |
1.69 |
2.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.58 |
0.70 |
1.33 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.31 |
0.36 |
0.44 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.54 |
2.06 |
2.26 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.44 |
2.83 |
2.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.32 |
3.92 |
3.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.43 |
13.05 |
13.83 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.43 |
4.21 |
2.76 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.90 |
3.40 |
2.38 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.43 |
0.30 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.23 |
4.73 |
5.15 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.43 |
4.21 |
2.76 |
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 |
45.000 |
45.000 |
45.000 |
|
Reserves & Surplus |
64.447 |
80.879 |
88.104 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
109.447 |
125.879 |
133.104 |
|
|
|
|
|
|
Long Term borrowings |
196.392 |
204.878 |
100.471 |
|
Short Term borrowings |
35.480 |
7.924 |
0.000 |
|
Total
borrowings |
231.872 |
212.802 |
100.471 |
|
Debt/Equity
ratio |
2.119 |
1.691 |
0.755 |
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
|
753.727 |
581.460 |
502.367 |
|
|
|
(22.855) |
(13.602) |
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
|
753.727 |
581.460 |
502.367 |
|
Profit |
15.138 |
16.431 |
7.225 |
|
|
2.01% |
2.83% |
1.44% |
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) |
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 |
-- |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from Shreeji
Bhuvan, Lohar Chawl, Mangaldas Road, Mumbai – 400002, Maharashtra, India to the
present address w.e.f.18.12.2008.
BACKGROUND
Company is incorporated on 28/08/1991 and engaged in Import, Export and Trading in Bulk Drugs.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Alok Dhiren Shah |
1.116 |
1.233 |
|
Ashni Dinesh Shah |
4.061 |
7.238 |
|
Deep Umesh Shah |
5.276 |
4.982 |
|
Dhiren R Shah HUF |
0.553 |
11.108 |
|
Dhiren Ramanlal Shah |
0.090 |
0.637 |
|
Dinesh R Shah HUF |
13.169 |
19.141 |
|
Dinesh Ramanlal Shah |
2.881 |
10.054 |
|
Karan Dinesh Shah |
2.960 |
9.375 |
|
Mitali Umesh Shah |
4.285 |
7.153 |
|
Nipa Dinesh Shah |
0.430 |
25.421 |
|
Pradip R. Shah HUF |
11.095 |
10.083 |
|
Pradip Ramanlal Shah |
0.964 |
12.372 |
|
Pravina Pradipkumar Shah |
3.081 |
19.251 |
|
Priti Umesh Shah |
9.724 |
12.629 |
|
R.P.Shah Executer A/C |
3.624 |
3.636 |
|
Ramanlal P. Shah HUF |
15.366 |
15.282 |
|
Ronak Ohiren Shah |
5.923 |
5.843 |
|
Subhadra R Shah |
4.995 |
5.005 |
|
Tejal D. Shah |
2.779 |
7.509 |
|
Umesh R. Shah HUF. |
6.986 |
13.226 |
|
Umesh Ramanlal Shah |
1.113 |
3.700 |
|
Total |
100.471 |
204.878 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
|
|
|
|
L/C Outstanding |
6.855 |
21.498 |
|
Income tax demand for A/Y : 12-13 on assessment u/s 143 (3) for which company
has contested the demand of INR 8.435 million and appeal is allowed during
the year |
Appeal allowed |
8.435 |
|
|
|
|
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G31980832 |
100069038 |
CITI
BANK N.A. |
09/03/2016 |
- |
60000000.0 |
FIRST
INTERNATIONAL FINANCIAL CENTRE,9TH FLOORPLOT NO. C-54 & 55, BKC, BANDRA
(E)MUMBAIMH400051IN |
|
2 |
A01114990 |
10299057 |
BANK OF
INDIA |
19/05/2006 |
- |
20000000.0 |
BULLION
EXCHANGE BRANCH275, SHEIKH MEMON STREET, KALBADEVI ROADMUMBAIMH400002IN |
|
3 |
B06329601 |
90163097 |
BANK OF
INDIA |
21/02/1995 |
01/01/2011 |
90000000.0 |
BUILLION
EXCHANGE BRANCH, 185, SHEIKH MEMON STREETKALBADEVI ROADMUMBAIMH400002IN |
FIXED ASSETS:
· Computer
· Furniture and Fixture
· Fax Machine
· Property Timeshare
· Mobile Phone
· Tea Mixture Machine
· Air Conditioner
· Refrigerator
· Stabilizer
· Camara System for Godown
· Motor Car
· Weighing Scale
· UPS System
· Filing Cainet
· Locking System
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 63.35 |
|
|
1 |
INR 85.89 |
|
Euro |
1 |
INR 76.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 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.