|
|
|
MIRA INFORM REPORT
|
Report No. : |
485060 |
|
Report Date : |
10.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
VSM WEAVESS INDIA PRIVATE LIMITED [w.e.f. 02.03.2015] |
|
|
|
|
Formerly Known
As : |
V S M WEAVES INDIA PRIVATE LIMITED (w.e.f. 21.01.2015) V S M WEAVES INDIA LIMITED (w.e.f. 15.07.2003) V.S.P. WEAVES LIMITED (w.e.f. 07.07.2003) V.S.P. WEAVES PRIVATE LIMITED |
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|
|
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Registered
Office : |
SF No.334, Sankari Main Road, Kattur, Elanthakuttai Village,
Tiruchengode Taluk, Near Pallipalayam, Namakkal District-638008, Tamilnadu |
|
Tel. No.: |
91-4288-245801 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
13.12.2002 |
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|
|
|
Com. Reg. No.: |
18-010398 |
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|
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Capital
Investment / Paid-up Capital : |
INR 51.350 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111TZ2002PTC010398 |
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|
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IEC No.: |
3203012219 |
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|
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GSTIN No.: |
33AABCV7326C1ZO |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCV7326C |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer,
Exporter of Woven Fabric and Generation of Power. [Registered activity and
also confirmed by management] |
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|
|
|
No. of Employees
: |
500 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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Comments : |
Subject
is an established company incorporated in the year 2002 and it is having fine
track. Management
of the company has not filed its financials of 2017 with government
department. For
the financial year 2016, the company has increased its revenue from operation
as compared to previous year and maintained decent profitability margin of
5.97%. Rating
takes into consideration sound financial profile of the company marked by
healthy networth base and low debt balance sheet. Further,
rating also reflects from long standing track records of business operation,
healthy and improving market position in the viscose yarn along with fabric
segment and benefits from integrated nature of operations. However,
these rating strengths are partially offset by exposure to volatility in raw
material prices and supplier concentration risk. Trade
relations are reported as fair. Business is active. Payments terms are
reported to be regular. In
view of the 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 |
Fund Base CC Limit = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
14.10.2016 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
14.10.2016 |
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 10.01.2018.
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 (GENERAL DETAILS)
|
Name : |
Mr. Satish Kumar |
|
Designation : |
Vice President Finance |
|
Contact No.: |
91-9655792070 |
|
Date : |
10.01.2018 |
LOCATIONS
|
Registered Office/ Factory : |
SF No.334, Sankari Main Road, Kattur, Elanthakuttai Village,
Tiruchengode Taluk, Near Pallipalayam, Namakkal District-638008, Tamilnadu,
India |
|
Tel. No.: |
91-4288-245801/ 245500/ 02/ 04 |
|
Mobile No.: |
91-9655792070 (Mr. Satish Kumar) |
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Fax No.: |
91-4288-245505 |
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E-Mail : |
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|
Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Corporate
Office: |
24, Sankari Main Road, Pallipalayam, Erode - 638006, Tamilnadu, India |
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Tel. No.: |
91-4288-245500/04 |
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Fax No.: |
91-4288-245505 |
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E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Sengodagounder Muthusamy |
||||||||||||||||||||||||||||
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Designation : |
Director |
||||||||||||||||||||||||||||
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Address : |
New No. 65, Old No. 7, Bye Pass Road, Pallipalayam, Tiruchengod E Namakkal District – 638006, Tamilnadu, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.05.1939 |
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Date of Appointment : |
13.12.2002 |
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PAN No.: |
ADEPM5550G |
||||||||||||||||||||||||||||
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DIN No.: |
01369099 |
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Other Directorship:
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|||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||
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Name : |
Vellayagounder Sengodagounder Palanisamy |
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Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
New No. 67, Old No. 13 Bye Pass Road, Pallipalayam, Tiruchengod E Namakkal District – 638006, Tamilnadu, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.10.1948 |
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Date of Appointment : |
02.04.2007 |
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PAN No.: |
ADIPP1481B |
||||||||||||||||||||||||||||
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DIN No.: |
01369156 |
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Other Directorship:
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|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Muthusamy Rajammal |
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|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
New No. 65, Old No. 7 Bye Pass Road, Pallipalayam, Tiruchengod E Namakkal District – 638006, Tamilnadu, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.04.1951 |
||||||||||||||||||||||||||||
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Date of Appointment : |
13.12.2002 |
||||||||||||||||||||||||||||
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PAN No.: |
ACKPD5056H |
||||||||||||||||||||||||||||
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DIN No.: |
01369201 |
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Other Directorship:
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|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Muthusamy Ravichandran |
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|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||
|
Address : |
New No. 65, Old No. 7 Bye Pass Road, Pallipalayam, Tiruchengod E Namakkal District – 638006, Tamilnadu, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.04.1965 |
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Date of Appointment : |
01.04.2007 |
||||||||||||||||||||||||||||
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DIN No.: |
01369264 |
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Other Directorship:
|
|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Palanisamy Duraisamy |
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|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||
|
Address : |
New No. 65, Old No. 7 Bye Pass Road, Pallipalayam, Tiruchengod E Namakkal District – 638006, Tamilnadu, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.09.1974 |
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Qualification: |
Graduation |
||||||||||||||||||||||||||||
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Date of Appointment : |
02.04.2007 |
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DIN No.: |
01369280 |
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Other Directorship:
|
|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Palanisamy Palaniammal |
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|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Old No. 13, New No. 67, Bye Pass Road, Pallipalayam Erode – 638006, Tamilnadu, India |
||||||||||||||||||||||||||||
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Date of Birth/Age : |
12.11.1953 |
||||||||||||||||||||||||||||
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Qualification: |
Secondary |
||||||||||||||||||||||||||||
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Date of Appointment : |
13.12.2002 |
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DIN No.: |
02379355 |
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Other Directorship:
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|
||||||||||||||||||||||||||||
|
Name : |
Ravichandran Muralidharan |
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|
Designation : |
Director |
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|
Address : |
No.65, Sankari Byepass Road, Pallipalayam, Erode – 638006, Tamilnadu, India |
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|
Date of Birth/Age : |
03.08.1989 |
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Qualification: |
Graduation |
||||||||||||||||||||||||||||
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Date of Appointment : |
29.09.2012 |
||||||||||||||||||||||||||||
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PAN No.: |
ADXPR7514C |
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DIN No.: |
03524694 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Satish Kumar |
|
Designation : |
Vice President Finance |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
V. S. Palanisamy |
|
47860 |
|
S. Muthusamy |
|
55225 |
|
M. Ravichandran |
|
134910 |
|
M. Rajammal |
|
510 |
|
P. Duraisamy |
|
131010 |
|
P. Palaniammal |
|
10875 |
|
R. Sathyadevi |
|
10 |
|
R.M.D. Weaving Mills Private Limited, India |
|
90500 |
|
R. Muralidharan |
|
100 |
|
Duraisamy Benificiary Trust, India |
|
15239 |
|
Muralidharan Benificiary Trust, India |
|
27260 |
|
Total |
|
513499 |
AS ON 25.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
74.10 |
|
Promoters – [Other - Trust] |
8.28 |
|
Public/Other than promoters -[Bodies corporate] |
17.62 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Exporter of Woven Fabric and Generation of Power. [Registered activity and
also confirmed by management] |
||||
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|
||||
|
Products / Services
: |
|
||||
|
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|
||||
|
Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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||||
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Exports : |
|
||||
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Products : |
Finished Goods |
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|
Countries : |
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||||
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|
||||
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Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
Japan |
||||
|
|
|
||||
|
Terms : |
|||||
|
Selling : |
L/C, Advance Payment, Cheque and Credit [30 Days] |
||||
|
|
|
||||
|
Purchasing : |
L/C, Advance Payment, Cheque and Credit [30 Days] |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers and End Users
|
||||||||||||||||||||||
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|
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|
No. of Employees : |
500 (Approximately) |
||||||||||||||||||||||
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|
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
T. N. Ramadoss and Company Chartered Accountants |
|
Address : |
No:54,Town Railway Station Road, Salem - 636001, Tamilnadu, India |
|
PAN No.: |
AAAFT9046R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives: [As On 31.03.2016] |
[CIN NO.: U18101DL2003PTC121197] |
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
550000 |
Equity Shares |
INR 100/- each |
INR 55.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
513499 |
Equity Shares |
INR 100/- each |
INR 51.350 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
51.350 |
51.350 |
51.350 |
|
(b) Reserves &
Surplus |
1256.968 |
904.137 |
645.532 |
|
(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) |
1308.318 |
955.487 |
696.882 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
385.370 |
552.388 |
407.486 |
|
(b) Deferred tax
liabilities (Net) |
123.806 |
92.725 |
79.832 |
|
(c) Other long term
liabilities |
201.578 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
710.754 |
645.113 |
487.318 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
53.960 |
91.648 |
169.617 |
|
(b) Trade payables |
158.822 |
87.123 |
35.310 |
|
(c) Other current
liabilities |
252.157 |
110.966 |
146.713 |
|
(d) Short-term provisions |
25.395 |
9.851 |
16.168 |
|
Total Current Liabilities
(4) |
490.334 |
299.588 |
367.808 |
|
|
|
|
|
|
TOTAL |
2509.406 |
1900.188 |
1552.008 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1244.626 |
1027.638 |
752.093 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
23.048 |
0.195 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
12.994 |
8.576 |
8.576 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
23.767 |
20.637 |
12.409 |
|
(e) Other Non-current
assets |
7.585 |
3.147 |
0.000 |
|
Total Non-Current Assets |
1288.972 |
1083.046 |
773.273 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
185.624 |
139.778 |
123.167 |
|
(c) Trade receivables |
906.637 |
551.091 |
423.016 |
|
(d) Cash and cash
equivalents |
88.463 |
57.922 |
108.098 |
|
(e) Short-term loans and
advances |
36.455 |
64.911 |
112.218 |
|
(f) Other current assets |
3.255 |
3.440 |
12.236 |
|
Total Current Assets |
1220.434 |
817.142 |
778.735 |
|
|
|
|
|
|
TOTAL |
2509.406 |
1900.188 |
1552.008 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
5912.184 |
4377.737 |
3760.229 |
|
|
Other Income |
11.017 |
13.707 |
4.564 |
|
|
5923.201 |
4391.444 |
3764.793 |
|
|
|
TOTAL |
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
543.966 |
467.846 |
497.603 |
|
|
Purchases of
Stock-in-Trade |
4025.994 |
2999.143 |
2550.455 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(39.187) |
(4.101) |
(40.058) |
|
|
Employees benefits
expense |
102.400 |
65.702 |
59.191 |
|
|
EXCEPTIONAL
ITEMS |
0.000 |
-17.028 |
-0.418 |
|
|
Other expenses |
539.870 |
336.905 |
262.904 |
|
|
TOTAL |
5173.043 |
3848.467 |
3329.677 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
750.158 |
542.977 |
435.116 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
70.256 |
65.950 |
82.979 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
679.902 |
477.027 |
352.137 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
194.333 |
132.533 |
127.942 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
485.569 |
344.494 |
224.195 |
|
|
|
|
|
|
|
Less |
TAX |
132.738 |
83.663 |
58.115 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
352.831 |
260.831 |
166.080 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
687.11 |
507.95 |
323.43 |
|
|
Diluted |
687.11 |
507.95 |
323.43 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
104.361 |
34.911 |
75.948 |
|
Net cash flow from (used in) operations |
648.970 |
471.990 |
10.511 |
|
Net cash flow from (used in) operating activities |
627.775 |
458.057 |
31.348 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
55.97 |
45.95 |
41.06 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
6.52 |
7.94 |
8.89 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
12.69 |
9.17 |
4.23 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
4.04 |
3.88 |
3.53 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.60 |
0.52 |
0.58 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.39 |
0.47 |
0.55 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.42 |
0.71 |
0.94 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.37 |
0.31 |
0.53 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.95 |
1.10 |
1.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
10.68 |
8.23 |
5.24 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
5.97 |
5.96 |
4.42 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
14.06 |
13.73 |
10.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
26.97 |
27.30 |
23.83 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.49 |
2.73 |
2.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
2.11 |
2.26 |
1.78 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.52 |
0.50 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
10.59 |
13.22 |
12.72 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.49 |
2.73 |
2.12 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
51.350 |
51.350 |
51.350 |
|
Reserves & Surplus |
645.532 |
904.137 |
1256.968 |
|
Net
worth |
696.882 |
955.487 |
1308.318 |
|
|
|
|
|
|
Long Term borrowings |
407.486 |
552.388 |
385.370 |
|
Short Term borrowings |
169.617 |
91.648 |
53.960 |
|
Current Maturities of Long term debt |
75.948 |
34.911 |
104.361 |
|
Total
borrowings |
653.051 |
678.947 |
543.691 |
|
Debt/Equity
ratio |
0.937 |
0.711 |
0.416 |
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
|
3760.229 |
4377.737 |
5912.184 |
|
|
|
16.422 |
35.051 |
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
|
3760.229 |
4377.737 |
5912.184 |
|
Profit |
166.080 |
260.831 |
352.831 |
|
|
4.42% |
5.96% |
5.97% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
51.350 |
51.350 |
|
(b) Reserves &
Surplus |
|
1272.902 |
917.841 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
1324.252 |
969.191 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
385.370 |
552.388 |
|
(b) Deferred tax
liabilities (Net) |
|
123.806 |
92.724 |
|
(c) Other long term
liabilities |
|
201.578 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
710.754 |
645.112 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
53.960 |
91.648 |
|
(b) Trade payables |
|
158.822 |
87.123 |
|
(c) Other current
liabilities |
|
252.157 |
110.966 |
|
(d) Short-term provisions |
|
25.395 |
9.852 |
|
Total Current Liabilities
(4) |
|
490.334 |
299.589 |
|
|
|
|
|
|
TOTAL |
|
2525.340 |
1913.892 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1244.626 |
1027.638 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
23.048 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
28.928 |
22.280 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
23.767 |
20.637 |
|
(e) Other Non-current
assets |
|
7.586 |
3.147 |
|
Total Non-Current Assets |
|
1304.907 |
1096.750 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
185.624 |
139.778 |
|
(c) Trade receivables |
|
906.637 |
551.091 |
|
(d) Cash and cash
equivalents |
|
88.463 |
57.922 |
|
(e) Short-term loans and
advances |
|
36.454 |
64.911 |
|
(f) Other current assets |
|
3.255 |
3.440 |
|
Total Current Assets |
|
1220.433 |
817.142 |
|
|
|
|
|
|
TOTAL |
|
2525.340 |
1913.892 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
5912.184 |
4377.737 |
|
|
Other Income |
|
11.017 |
13.706 |
|
|
|
5923.201 |
4391.443 |
|
|
|
TOTAL |
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
543.966 |
467.846 |
|
|
Purchases of
Stock-in-Trade |
|
4025.994 |
2999.143 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(39.187) |
(4.101) |
|
|
Employees benefits
expense |
|
102.400 |
65.702 |
|
|
Exceptional items |
|
0.000 |
(17.028) |
|
|
Other expenses |
|
539.870 |
336.904 |
|
|
TOTAL |
|
5173.043 |
3848.466 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
750.158 |
542.977 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
70.256 |
65.950 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
679.902 |
477.027 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
194.333 |
132.533 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
485.569 |
344.494 |
|
|
|
|
|
|
|
Less |
TAX |
|
132.738 |
83.663 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
352.831 |
260.831 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
|
691.45 |
509.54 |
|
|
Diluted |
|
691.45 |
509.54 |
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 |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
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 |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Intercorporate borrowings |
0.000 |
113.600 |
|
Loans and advances from directors |
47.825 |
43.915 |
|
Total |
47.825 |
157.515 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G48818587 |
90001576 |
STATE BANK OF INDIA |
01/03/2004 |
15/03/2017 |
- |
1238000000.0 |
COMMERCIAL BRANCH45, SATHY ROAD, ERODE – 638003, TAMILNADU, INDIA |
|
2 |
A87592168 |
90002019 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
29/09/2005 |
- |
05/06/2010 |
35000000.0 |
66; SATHY MAIN ROAD, ERODE – 638003, TAMILNADU, INDIA |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
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 records 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 63.83 |
|
|
1 |
INR 86.28 |
|
Euro |
1 |
INR 76.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
GEET |
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.