|
|
|
MIRA INFORM REPORT
|
Report No. : |
457744 |
|
Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
HAMILTON HOUSEWARES PRIVATE LIMITED (w.e.f.05.12.2003) |
|
|
|
|
Formerly Known
as: |
D.J. GLASS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 49/50, Danudyog Industrial Estate, Amli, Piparia, Silvassa –
396230, Dadra and Nagar Haveli |
|
Tel. No.: |
91-22-61817474 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of Incorporation
: |
26.06.2000 |
|
|
|
|
Com. Reg. No.: |
54-000180 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 111.715 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26101DN2000PTC000180 |
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IEC No.: |
0300025114 |
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|
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GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCD1683Q |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing capacity of Thermoware and other Household products. (Registered Activity) |
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|
|
No. of Employees
: |
Information denied 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 |
|
Maximum Credit Limit : |
USD 6800000 |
|
|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 2000. It is a manufacturer of thermoware and thermosteel products.
|
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Borrowing = AA- |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
27.12.2017 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Borrowing = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
27.12.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 12.01.2018
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 : |
Ms. Nishita |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-61280505 |
|
Date : |
11.01.2018 |
|
|
|
|
Name : |
Ms. Aishwarya Sahu |
|
Contact No.: |
91-22-61817474 |
|
Date : |
11.01.2018 |
LOCATIONS
|
Registered Office : |
Plot No. 49/50, Danudyog Industrial Estate, Amli, Piparia, Silvassa –
396230, Dadra and Nagar Haveli, India |
|
Tel. No.: |
91-22-61817474 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office 1 : |
Kaiser-I-Hind Building, 3rd Floor, Currimbhoy
Road, Ballard Estate, Mumbai - 400 001, Maharashtra, India |
|
Tel. No.: |
91-22-22624444/ 22611162 |
|
Fax No.: |
91-22-22679568/ 22616428 |
|
E-Mail : |
|
|
|
|
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Head Office 2 : |
Asian Building, 4th Floor, R. Kamani Marg, Ballard Estate, Mumbai –
400001, Maharashtra, India |
|
Tel. No.: |
91-22-61294100 |
|
Fax No.: |
91-22-22620967 |
|
|
|
|
Factory 2 : |
Survey No. 288/1, Near Dadra Aram, Panchayat, Dadra
Demni Road, Silvassa-396230, Dadra and Nagar Haveli, India |
|
Tel. No.: |
91-260-2669946 |
|
Fax No.: |
91-260-2669332 |
|
|
|
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Factory 3 : |
Plot No. 49/51, Danudyog Industrial Estate, Amli, Piparia, Silvassa –
396230, Dadra and Nagar Haveli, India |
|
|
|
|
Sales Office 1: |
7J, Gopala Tower, 25, Rajendra Place, Delhi -
110008, India |
|
Tel. No.: |
91-11-25862922/ 23 |
|
E-Mail : |
|
|
|
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|
Sales Office 2: |
4, Chowringhee Lane, Block IV, Unit - 8 B, 8th
Floor, Diamond Chamber, Kolkata – 700 016, West Bengal, India |
|
Tel. No.: |
91-33-22521852/ 53 |
|
E-Mail : |
|
|
|
|
|
Sales Office 3: |
Swamy Sons (Agency) Private Limited, Plot No. B-3.
Uppal Industries Area, Uppal, Hyderabad – 500 039, Telangana, India |
|
Tel. No.: |
91-40-23449365/ 27033038/ 8476 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Ajay Dinesh Vaghani |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
203, Panorama, 3rd Floor, Walkeshwar, Mumbai - 400 006,
Maharashtra, India |
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|
Date of Birth/Age : |
08.08.1966 |
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Date of Appointment : |
26.06.2000 |
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Qualification: |
B.Com |
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PAN No.: |
AAAPV6324J |
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DIN No.: |
00186764 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mrs. Manisha Ajay Vaghani |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
203, Panorama, 3rd Floor, Walkeshwar, Mumbai - 400 006,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.04.1967 |
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Date of Appointment : |
26.06.2000 |
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PAN No.: |
ABYPV2293D |
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Qualification: |
B.Com |
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DIN No.: |
00202603 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Jyoti Dinesh Vaghani |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
203, Panorama, 3rd Floor, Walkeshwar, Mumbai - 400 006,
Maharashtra, India |
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Date of Birth/Age : |
06.06.1947 |
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Qualification: |
SSC |
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Date of Appointment : |
01.10.2006 |
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DIN No.: |
02179495 |
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KEY EXECUTIVES
|
Name : |
Mr. Dipankar Rai |
|
Designation : |
Company Secretary |
|
Address : |
503, Mhada Colony, Sai Dham Cooperative Society, Andheri
(East), Mumbai – 400099, Maharashtra, India |
|
Date of Appointment : |
12.12.2011 |
|
PAN No.: |
AFNPR7894H |
|
|
|
|
Name : |
Ms. Nishita |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Ajay Dinesh Vaghani |
|
3798034 |
|
Ajay D Vaghani (HUF) |
|
2118500 |
|
Hamilton Consultants Private Limited, |
|
3422916 |
|
Indira B. Vaghani |
|
208300 |
|
Jyoti D. Vaghani |
|
208300 |
|
Manisha A. Vaghani |
|
1375500 |
|
Stead Fast Holdings Private Limited, |
|
40000 |
|
Total |
|
11171550 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
66.52 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
2.48 |
|
Public/Other than promoters - Body corporate |
31.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing capacity of Thermoware and other Household products. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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|
||||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Mehta Chokshi and Shah Chartered Accountants |
|
Address : |
A-101, Aadeshwar, S. V. P. Road, Borivali (West), Mumbai – 400092, Maharashtra,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFM5817F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary |
· Hamilton Writing Instruments Private Limited [U74130MH2005PTC157829] · Adroit Business Solution India Private Limited [U74999DL2005PTC135966] |
|
|
|
|
Associate |
· Milton Global Limited [U99999MH2000PLC126835] |
|
|
|
|
Enterprises which
are owned, have significant influence are
partners with Key management
personnel and their relatives Enterprises which are owned, have significant
influence of or are partners with Key management personnel: |
· Annandita Realty Private Limited · [U70109MH2008PTC182921 · Ananya Realty Private Limited [U70102MH2008PTC179586] · Tao Plastics Private Limited · Rising Star Plastics Private Limited · D.J.Holding Private Limited [U67120MH1992PTC067448] · Hamilton Consultant Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11171550 |
Equity Shares |
INR 10/- each |
INR 111.715 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
111.715 |
111.716 |
113.600 |
|
(b) Reserves &
Surplus |
2263.044 |
1850.221 |
1421.786 |
|
(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) |
2374.759 |
1961.937 |
1535.386 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
977.382 |
662.676 |
409.019 |
|
(b) Deferred tax
liabilities (Net) |
121.216 |
61.244 |
62.902 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
13.142 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1111.740 |
723.920 |
471.921 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
143.090 |
420.746 |
378.827 |
|
(b) Trade payables |
700.644 |
828.393 |
500.088 |
|
(c) Other current
liabilities |
212.462 |
207.545 |
168.815 |
|
(d) Short-term provisions |
132.163 |
93.603 |
109.662 |
|
Total Current Liabilities
(4) |
1188.359 |
1550.287 |
1157.392 |
|
|
|
|
|
|
TOTAL |
4674.858 |
4236.144 |
3164.699 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1975.141 |
1530.940 |
1013.699 |
|
(ii) Intangible Assets |
14.599 |
4.165 |
6.195 |
|
(iii) Capital
work-in-progress |
0.397 |
74.609 |
118.853 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
161.610 |
129.039 |
129.039 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
73.608 |
85.025 |
44.958 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2225.355 |
1823.778 |
1312.744 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1178.881 |
1107.917 |
830.931 |
|
(c) Trade receivables |
1055.774 |
1070.442 |
839.833 |
|
(d) Cash and cash
equivalents |
40.462 |
85.378 |
67.551 |
|
(e) Short-term loans and
advances |
173.644 |
147.948 |
112.660 |
|
(f) Other current assets |
0.742 |
0.682 |
0.980 |
|
Total Current Assets |
2449.503 |
2412.366 |
1851.955 |
|
|
|
|
|
|
TOTAL |
4674.858 |
4236.144 |
3164.699 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
8785.128 |
7639.165 |
5979.042 |
|
|
Other Income |
21.889 |
25.310 |
14.521 |
|
|
TOTAL |
8807.017 |
7664.475 |
5993.563 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2846.542 |
2529.392 |
1937.607 |
|
|
Purchases of
Stock-in-Trade |
2437.525 |
2403.985 |
1882.455 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(87.994) |
(213.336) |
57.661 |
|
|
Employees benefits
expense |
463.880 |
397.278 |
301.326 |
|
|
Other expenses |
1581.830 |
1500.675 |
1074.161 |
|
|
TOTAL |
7241.783 |
6617.994 |
5253.210 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
1565.234 |
1046.481 |
740.353 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
116.571 |
133.008 |
108.974 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1448.663 |
913.473 |
631.379 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
248.450 |
235.084 |
115.537 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1200.213 |
678.389 |
515.842 |
|
|
|
|
|
|
|
Less |
TAX |
316.785 |
142.559 |
131.283 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
883.428 |
535.830 |
384.559 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
367.548 |
440.849 |
427.504 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
79.08 |
47.17 |
30.03 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
73.513 |
114.145 |
95.861 |
|
Cash generated from operations |
1377.886 |
910.954 |
372.699 |
|
Net cash flows from (used in) operations |
1121.999 |
753.255 |
259.923 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
43.86 |
51.15 |
51.27 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.32 |
7.14 |
7.12 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
48.40 |
61.29 |
47.78 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.33 |
0.94 |
0.89 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.79 |
0.65 |
0.65 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.48 |
0.55 |
0.53 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.50 |
0.61 |
0.58 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.50 |
0.79 |
0.75 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.84 |
0.82 |
0.74 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
13.43 |
7.87 |
6.79 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
10.06 |
7.01 |
6.43 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
18.90 |
12.65 |
12.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
37.20 |
27.31 |
25.05 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.06 |
1.56 |
1.60 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.07 |
0.84 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.51 |
0.46 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
10.69 |
10.72 |
7.78 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.06 |
1.56 |
1.60 |
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 |
113.600 |
111.716 |
111.715 |
|
Reserves & Surplus |
1421.786 |
1850.221 |
2263.044 |
|
Net worth |
1535.386 |
1961.937 |
2374.759 |
|
|
|
|
|
|
long-term borrowings |
409.019 |
662.676 |
977.382 |
|
Short term borrowings |
378.827 |
420.746 |
143.090 |
|
Current Maturities of
Long term debt |
95.861 |
114.145 |
73.513 |
|
Total borrowings |
883.707 |
1197.567 |
1193.985 |
|
Debt/Equity ratio |
0.576 |
0.610 |
0.503 |
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 |
5979.042 |
7639.165 |
8785.128 |
|
|
|
27.766 |
15.001 |
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 |
5979.042 |
7639.165 |
8785.128 |
|
Profit/(Loss) |
384.559 |
535.830 |
883.428 |
|
|
6.43% |
7.01% |
10.06% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
111.715 |
111.716 |
|
(b) Reserves &
Surplus |
2356.636 |
1900.058 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
|
|
|
|
|
Minority Interest |
17.831 |
41.888 |
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
2486.182 |
2053.662 |
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
(a) long-term borrowings |
1126.990 |
827.314 |
|
(b) Deferred tax
liabilities (Net) |
135.224 |
74.627 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
|
(d) long-term provisions |
13.142 |
0.000 |
|
Total Non-current
Liabilities (3) |
1275.356 |
901.941 |
|
|
|
|
|
(4) Current Liabilities |
|
|
|
(a) Short term borrowings |
151.656 |
564.286 |
|
(b) Trade payables |
785.294 |
969.472 |
|
(c) Other current
liabilities |
246.831 |
238.323 |
|
(d) Short-term provisions |
137.102 |
100.962 |
|
Total Current Liabilities
(4) |
1320.883 |
1873.043 |
|
|
|
|
|
TOTAL |
5082.421 |
4828.646 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1) Non-current assets |
|
|
|
(a) Fixed Assets |
|
|
|
(i) Tangible assets |
2216.099 |
1763.873 |
|
(ii) Intangible Assets |
14.599 |
4.164 |
|
(iii) Capital
work-in-progress |
0.397 |
74.609 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.012 |
0.013 |
|
(c) Deferred tax assets
(net) |
76.534 |
88.757 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
|
Total Non-Current Assets |
2307.641 |
1931.416 |
|
|
|
|
|
(2) Current assets |
|
|
|
(a) Current investments |
0.000 |
0.000 |
|
(b) Inventories |
1401.722 |
1370.239 |
|
(c) Trade receivables |
1097.692 |
1211.880 |
|
(d) Cash and cash
equivalents |
52.171 |
97.201 |
|
(e) Short-term loans and
advances |
221.036 |
216.780 |
|
(f) Other current assets |
2.159 |
1.130 |
|
Total Current Assets |
2774.780 |
2897.230 |
|
|
|
|
|
TOTAL |
5082.421 |
4828.646 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
Income |
9887.142 |
8865.456 |
|
|
Other Income |
27.352 |
34.284 |
|
|
TOTAL |
9914.494 |
8899.740 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
3436.110 |
3196.433 |
|
|
Purchases of
Stock-in-Trade |
2415.881 |
2446.877 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(63.710) |
(154.453) |
|
|
Employees benefits
expense |
551.659 |
475.290 |
|
|
Other expenses |
1844.963 |
1769.377 |
|
|
TOTAL |
8184.903 |
7733.524 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
1729.591 |
1166.216 |
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
147.750 |
171.644 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1581.841 |
994.572 |
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
306.977 |
286.602 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1274.864 |
707.970 |
|
|
|
|
|
|
Less |
TAX |
342.745 |
152.370 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
932.119 |
555.600 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
83.44 |
48.91 |
LEGAL CASE
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 |
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: The Registered Office of the company has been shifted from “Survey No. 288/1, Near Dadra Grampanchayat, Dadra Demini Road, Dadra (U.T. of Dadra and Nagar Haveli), Dadar Nagar Haveli-396230, India” to the present address w.e.f. 16.04.2009.
REVIEW OF
OPERATIONS
The company has performed exceedingly well looking at the present economic scenario. During the financial year 2015-16 the company’s revenue increased by 15% as compared to the previous year. The net profit after tax for the same period was INR 883.400 Million an increase of 65% as compared to the previous year.
During the year under review, the company has expanded its own manufacturing capacity of Thermoware and other Household products which has helped it to increase its revenues and margins. These products have been well accepted in the market. The company has now a fully equipped R&D department. This has helped the company to introduce innovative and quality products for its customers on continuous basis. As a result of this the company has always been a market leader. The company is also making a lot of investment in strengthening its warehousing and distribution network to better service the market looking into the future growth prospects.
FUTURE PROSPECTS
The future prospects of the company are very bright, the revenues and profits are expected to keep showing an upward trend. The various plants of the Company are now running at its optimum capacity and the company is looking for further expansion in its installed capacity. The Company’s endeavor to always introduce new products and designs in the market and maintain high standards in quality has helped it to maintain its leadership position. Having a strong distribution network and products which are well accepted in the market the directors expect, barring unforeseen circumstances, the Company to do exceedingly well in the years to come.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Deposits from others |
125.500 |
117.782 |
|
Loans and advances from others |
239.923 |
164.987 |
|
Loans and advances from directors |
256.337 |
0.000 |
|
Other loans and advances, others |
155.416 |
164.987 |
|
Total |
777.176 |
447.756 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C00383869 |
10484564 |
HDFC BANK LIMITED |
24/01/2014 |
- |
- |
350000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
C29760816 |
10330290 |
SBICAP TRUSTEE COMPANY LIMITED |
26/12/2011 |
26/09/2014 |
- |
1662800000.0 |
202 MAKER TOWER, E CUFFE PARADECOLABAMUMBAIMH400005IN |
|
3 |
G29706041 |
10330284 |
SBICAP TRUSTEE COMPANY LIMITED |
26/12/2011 |
09/12/2016 |
- |
1075000000.0 |
202, MAKER TOWER, E CUFFE PARADECOLABAMUMBAIMH400005IN |
|
4 |
B04494878 |
10266680 |
HDFC BANK LIMITED |
15/12/2010 |
- |
- |
255000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
A81613648 |
10139274 |
HDFC BANK LIMITED |
03/12/2008 |
29/01/2010 |
- |
180000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
A02963544 |
10011409 |
HDFC BANK LTD. |
19/07/2006 |
- |
- |
80000000.0 |
4/8 MAIN ROAD, ROOP NAGAR, NR.SHAKTINAGAR CHOWKNEW DELHIDL110017IN |
|
7 |
B12768917 |
90101024 |
STATE BANK OF INDIA |
14/08/2004 |
25/03/2011 |
- |
1537000000.0 |
OVERSEAS BRANCH, 2ND FLOOR, ARCADE,WORLD TRADE CENTRE, CUFFE PARADE,MUMBAIMH400005IN |
|
8 |
G28358455 |
10510396 |
COMMONWEALTH BANK OF AUSTRALIA |
27/06/2014 |
- |
25/11/2016 |
200000000.0 |
LEVEL 2, HOECHST HOUSENARIMAN POINTMUMBAIMH400021IN |
|
9 |
G08641631 |
10470838 |
COMMONWEALTH BANK OF AUSTRALIA |
22/11/2013 |
- |
27/07/2016 |
155000000.0 |
LEVEL 2, HOECHST HOUSENARIMAN POINTMUMBAIMH400021IN |
|
10 |
C77998532 |
10156057 |
HDFC BANK LIMITED |
24/03/2009 |
- |
19/01/2016 |
80000000.0 |
1-16, JAYPEE HOUSE, OPP. PATEL PETROL PUMPVAPI SILVASSA ROAD, U.T. OF DADRA AND NAGAR HAVELISILVASSADN396230IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 63.73 |
|
|
1 |
INR 86.01 |
|
Euro |
1 |
INR 76.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRI |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
NKTS |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.