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|
MIRA INFORM REPORT
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Report No. : |
485918 |
|
Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
PARKSONS CARTAMUNDI PRIVATE LIMITED (w.e.f. 22.01.2011) |
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Formerly Known
As : |
PARKSONS GAMES AND SPORTS PRIVATE LIMITED |
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Registered
Office : |
701 – A, Indiabulls Finance Centre, Tower No. 1, Senapati Bapat Marg,
Elphinstone Road, Mumbai – 400013, Maharashtra |
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Tel. No.: |
91-22-66245221 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
15.09.2010 |
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Com. Reg. No.: |
11-207708 |
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Capital
Investment / Paid-up Capital : |
INR 11.884 Million |
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CIN No.: [Company Identification
No.] |
U36912MH2010PTC207708 |
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IEC No.: |
0397068239 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTIN : |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAFCP6518C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The subject is engaged in manufacturing of playing cards, card games
and other related products.
(Registered activity) |
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No. of Employees
: |
Information declined by the management (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 : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2010. It is a manufacturer of playing
cards and collectible cards. As per the financial of 2017, the company has achieved an average
growth of 5.19% in its revenue as compared to the previous year and has
reported a low profitability margin of 0.44%. The company possesses healthy financial profile marked by adequate
networth base along with low debt balance sheet profile and acceptable
liquidity position. Business is active. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
28.08.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 13.01.2018
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. Shivani |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-66245221 |
|
Date : |
12.18.2018 |
Tel. No.: 91-260-2370092 – Continuously ringing
LOCATIONS
|
Registered Office/Corporate Office : |
701 – A, Indiabulls Finance Centre, Tower No. 1, Senapati Bapat Marg, Elphinstone
Road, Railway Station, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66245221 |
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Fax No.: |
91-22-24221192 |
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E-Mail : |
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Website : |
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Plant : |
Survey Nos. 584 and 585, Machiwad Road, Village: Umarsadi, Taluka:
Pardi, District: Valsad-396175, Gujarat, India |
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Tel. No.: |
91-260-2370092 |
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Fax No.: |
91-260-2370091 |
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E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sajjan Badriprasad Kejriwal |
|
Designation : |
Director |
|
Address : |
1701, Saarthi, 33, K M Munshi Marg, Chowpatty, Mumbai – 400007,
Maharashtra, India |
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Date of Birth/Age : |
06.03.1954 |
|
Date of Appointment : |
15.09.2010 |
|
DIN No.: |
00214064 |
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Name : |
Mr. Kapil Sajjan Kejriwal |
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Designation : |
Director |
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Address : |
1703, Saarthi, 33, K M Munshi Marg, Chowpatty, Mumbai – 400007,
Maharashtra, India |
|
Date of Birth/Age : |
18.02.1979 |
|
Date of Appointment : |
15.09.2010 |
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DIN No.: |
00214101 |
|
|
|
|
Name : |
Mr. Christiaan Joan Rosanne Van Doorslaer |
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Designation : |
Director |
|
Address : |
Meibosstraat, 11 B – 9200, Baasrod, Belgium |
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Date of Birth/Age : |
05.02.1961 |
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Date of Appointment : |
24.11.2010 |
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DIN No.: |
03319267 |
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Name : |
Mr. Paul Michael Roberts |
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Designation : |
Director |
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Address : |
North End, Janette Avenue, Canvey Island SS8 OLB, Great Britan |
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Date of Birth/Age : |
05.01.1967 |
|
Date of Appointment : |
01.08.2013 |
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DIN No.: |
06608512 |
KEY EXECUTIVES
|
Name : |
Ms. Shivani |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sajjan B. Jejriwal |
|
84210 |
|
Ramesh B. Kejriwal |
|
59130 |
|
Siddharth R. Kejriwal |
|
28000 |
|
Chaitanya R. Kejriwal |
|
28000 |
|
Asha S. Kejriwal |
|
104890 |
|
Kapil S. Kejriwal |
|
163606 |
|
Aditi K. Kejriwal |
|
51000 |
|
Cartamundi Nederland BV, Netherlands |
|
594223 |
|
Sajjan B. Kejriwal and Asha S Kejriwal |
|
75387 |
|
Total |
|
1188446 |
Equity Share Break up (Percentage of Total Equity)
As on 18.07.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
50.00 |
|
Promoter - Bodies
corporate |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is engaged in manufacturing of playing cards, card games
and other related products.
(Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
Short-term
borrowings: 1) Cash credit
facilities carry first hypothecation charge on all existing and future
current assets and movable fixed assets of the company and first equitable /
registered mortgage on entire fixed assets of the company both present and future excluding vehicles specifically financed by
term lenders. 2) Cash credit facility carry corporate guarantee of Cartamundi NV and
personal guarantee of Promoter Directors i.e. Mr. Sajjan Kejriwal and Mr.
Kapil Kejriwal. 3) The cash credit is repayable on demand and carries variable
interest i.e. 6 months MCLR plus 2% in current year (Previous year Applicable
base rate + 2%.) 6 month MCLR Rate is at 8.50% p.a. at the end of the current year and
applicable base rate 9.50% at the end of the previous year. |
|
Auditors : |
|
|
Name : |
CNK and Associates LLP Chartered Accountants |
|
Address : |
Narain Chambers, 5th Floor, M G Road, Vile Parle, Mumbai –
400057, Maharashtra, India |
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Tel. No.: |
91-22-64577600 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFC8587E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Parties where control exists/Enterprises over which Key Management Personnel
(KMP) exercise Significant Influence : |
·
Parksons Press Private Limited ·
Parksons Packaging Limited ·
Sunidhi Foods Private Limited ·
Sonnet Packers ·
Anjali Corporation ·
Arkay Playing Card Company ·
Siddharth Trading Company ·
Kejriwal and Sons ·
Ramesh Kejriwal HUF · Ramesh Anjali Kejriwal HUF · Siddharth Kejriwal HUF · Sajjan Asha Kejriwal HUF · Sajjan Kejriwal Family Trust |
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|
Joint Venture/
Associates Enterprises |
·
Cartamundi NV ·
Cartamundi USA, Inc ·
Copag da Amazonia S.A. ·
Cartamundi Turnhout NV ·
Cartamundi Espana SL ·
Cartamundi Nederland B.V. ·
Cartamundi Asia Pacific Pte. Limited ·
Cartamundi Service NV ·
Cartamundi
Hongkong Limited ·
Spielkartenlabrik Allenburg GmbH ·
Cartamundi Italia SRL ·
Cartamundi Benelux NV ·
Cartamundi France SARL ·
Cartamundi Hungry KFT ·
AGM Muller AG ·
Cartamundi Nordic AB ·
Cartamundi AG ·
Cartamundi INC ·
Cartamundi Deutschland ·
Konigsturt Vertags GmbH ·
Cartamundi UK Limited ·
Cartamundi Polska SP z.o.o. ·
Cartamundi Brasil Participacoes LTDA ·
Cartamundi Digital NV ·
Japan Card Product Company Limited ·
France Cates S.A.S. ·
Vauchier Playbox S.A.S. ·
Expolrimport SARL ·
France Cales Asia Company Limited ·
Maestros Naiperos Expanoles SL ·
Cartamundi East Lonhmeadow LLC ·
Cartamundi Ireland Limited ·
CMNV Participacoes LTDA ·
Cartamundi Turkey Limited |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1188446 |
Equity Shares |
INR 10/- each |
INR 11.884 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
11.884 |
11.884 |
8.869 |
|
(b) Reserves & Surplus |
271.197 |
268.539 |
184.911 |
|
(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) |
283.081 |
280.423 |
193.780 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
13.333 |
45.333 |
77.423 |
|
(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 |
3.081 |
2.229 |
2.278 |
|
Total
Non-current Liabilities (3) |
16.414 |
47.562 |
79.701 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
123.598 |
147.444 |
203.134 |
|
(b) Trade payables |
75.042 |
43.377 |
57.902 |
|
(c) Other current liabilities |
67.389 |
57.652 |
66.372 |
|
(d) Short-term provisions |
0.446 |
0.230 |
0.658 |
|
Total
Current Liabilities (4) |
266.475 |
248.703 |
328.066 |
|
|
|
|
|
|
TOTAL |
565.970 |
576.688 |
601.547 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
308.546 |
335.900 |
345.486 |
|
(ii) Intangible Assets |
7.112 |
9.678 |
12.085 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
4.653 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.831 |
3.183 |
3.157 |
|
(e) Other Non-current assets |
0.000 |
0.088 |
0.296 |
|
Total
Non-Current Assets |
320.489 |
348.849 |
365.677 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
77.024 |
83.265 |
97.143 |
|
(c) Trade receivables |
156.162 |
132.806 |
113.772 |
|
(d) Cash and cash equivalents |
1.275 |
3.348 |
7.647 |
|
(e) Short-term loans and
advances |
10.427 |
7.278 |
16.087 |
|
(f) Other current assets |
0.593 |
1.142 |
1.221 |
|
Total
Current Assets |
245.481 |
227.839 |
235.870 |
|
|
|
|
|
|
TOTAL |
565.970 |
576.688 |
601.547 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
601.094 |
571.447 |
532.476 |
|
|
Other Income |
0.447 |
4.277 |
4.694 |
|
|
TOTAL
|
601.541 |
575.724 |
537.170 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
288.393 |
298.295 |
312.344 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.877 |
2.602 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
12.856 |
3.732 |
(1.877) |
|
|
Employees benefits expense |
70.562 |
63.666 |
61.999 |
|
|
Other expenses |
175.395 |
164.238 |
160.006 |
|
|
TOTAL |
547.206 |
530.808 |
535.074 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
54.335 |
44.916 |
2.096 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
19.450 |
27.052 |
37.167 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
34.885 |
17.864 |
(35.071) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
32.227 |
31.210 |
31.448 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.658 |
(13.346) |
(66.519) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
2.658 |
(13.346) |
(66.519) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(97.353) |
(84.007) |
(13.115) |
|
|
|
|
|
|
|
|
Additional depreciation
pursuant to enactment of Schedule |
0.000 |
0.000 |
4.373 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(94.695) |
(97.353) |
(84.007) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
13.135 |
30.638 |
11.188 |
|
|
TOTAL
EARNINGS |
13.135 |
30.638 |
11.188 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
4.028 |
9.697 |
12.561 |
|
|
Components and Stores parts |
0.931 |
0.102 |
0.726 |
|
|
Finished Goods |
0.000 |
0.676 |
1.830 |
|
|
TOTAL
IMPORTS |
4.959 |
10.475 |
15.117 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
2.24 |
(11.77) |
(77.27) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
32.000 |
32.090 |
32.827 |
|
Cash generated from operations |
77.479 |
28.671 |
(18.858) |
|
Net cash flow from operating activity |
77.375 |
28.653 |
(19.043) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
94.83 |
84.83 |
77.99 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.85 |
4.30 |
4.68 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
94.98 |
52.92 |
67.10 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.71 |
0.54 |
0.02 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.17 |
0.13 |
0.01 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.55 |
0.57 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.60 |
0.80 |
1.62 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.94 |
0.89 |
1.69 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.12 |
1.23 |
1.87 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.79 |
1.66 |
0.06 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.44 |
(2.34) |
(12.49) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.47 |
(2.31) |
(11.06) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
0.94 |
(4.76) |
(34.33) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.92 |
0.92 |
0.72 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.63 |
0.58 |
0.42 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.50 |
0.49 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
14.21 |
18.92 |
35.33 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.92 |
0.92 |
0.72 |
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 |
8.869 |
11.884 |
11.884 |
|
Reserves & Surplus |
184.911 |
268.539 |
271.197 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
193.780 |
280.423 |
283.081 |
|
|
|
|
|
|
Long Term borrowings |
77.423 |
45.333 |
13.333 |
|
Short Term borrowings |
203.134 |
147.444 |
123.598 |
|
Current Maturities of Long term debt |
32.827 |
32.090 |
32.000 |
|
Total
borrowings |
313.384 |
224.867 |
168.931 |
|
Debt/Equity
ratio |
1.617 |
0.802 |
0.597 |
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
|
532.476 |
571.447 |
601.094 |
|
|
|
7.319 |
5.188 |
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
|
532.476 |
571.447 |
601.094 |
|
Profit
/ (Loss) |
(66.519) |
(13.346) |
2.658 |
|
|
(12.49%) |
(2.34%) |
0.44% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY OVERVIEW:
Subject is a private limited company declined in the India and
incorporated under the provision of Companies Act 1956. The subject is engaged
in manufacturing of playing cards, card games and other related products
PERFORMANCE OF THE
COMPANY
The Company made a pre-tax profit of INR 2.658 Million as against a loss of INR 13.346 Million. in the previous year. The main reasons for commendable performance were change in product-mix and control over expenses including financial cost. The net revenue from operations for the financial year ended 311l March, 2017 was INR 601.090 million as against INR 571.450 million in the previous year, an increase of 5.19 %. The Directors are pleased to report that the earnings before interest, tax, depreciation and amosrtisation (EBITDA) was INR 54.340 million as against INR 44.920 million a year ago. The Company made a cash profit (Profit before depreciation) of INR 34.890 million as against INR 17.860 million in the previous year, an improvement of 95.35%.
No appropriation of profit is made and it is proposed to adjust the same against previous years' losses.
FUTURE OUTLOOK
Directors' Responsibility Statement: Pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors, to the best of their knowledge, confirm that - With increased sales turnover and reduced costs including interest costs, the Directors are of the opinion that the company should earn a modest profit in the current financial year.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G41150038 |
10374181 |
KOTAK MAHINDRA BANK LIMITED |
13/08/2012 |
20/03/2017 |
- |
206200000.0 |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
2 |
B68328277 |
10258252 |
STATE BANK OFINDIA |
29/10/2010 |
02/09/2011 |
14/02/2013 |
197200000.0 |
SME Backbay Reclamation Branch, Mittal Court, B Wing, Nariman Point, Mumbai – 400021, Maharashtra, India |
CONTINGENT
LIABILITIES:
1. Show cause notices from excise department INR 7.880 Million (Previous year INR 5.892 Million).
2. Disputed Income Tax stabilities INR 0.212 Million previous year INR 0.427 Million
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Electrical Installations
- Computers
- Furniture and Fixtures
- Vehicles
- Office Equipments
- Leasehold Improvement Expenditure
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 63.73 |
|
|
1 |
INR 86.01 |
|
Euro |
1 |
INR 76.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.