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|
|
%20INDUSTRIES%20LIMITED%20-%20486178%2013-Jan-2018_files/image015.jpg){kind=small}
%20INDUSTRIES%20LIMITED%20-%20486178%2013-Jan-2018_files/image016.jpg)
%20INDUSTRIES%20LIMITED%20-%20486178%2013-Jan-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
486178 |
|
Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
TECHFAB (INDIA) INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
712, Embassy Centre, Nariman Point, Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-22-2287 6224 / 6225 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
01.04.2008 |
|
|
|
|
Com. Reg. No.: |
11-180678 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 9.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17290MH2008PLC180678 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT9085H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Geotextile and Geo synthetics (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2008 and it is having fine track. It is manufactures geotextiles used in the infrastructure segment. For the financial year 2017, the company has increased its revenue from operation as compared to previous year and maintained decent profitability margin of 10.65%. 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 its long track records of business operation and improvement in the revenue profile. 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 |
Long term rating : BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
02.11.2016 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
02.11.2016 |
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 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 : |
Mr. N. Makhija |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-22-22876224 |
LOCATIONS
|
Registered Office/ Head Office : |
712, Embassy Centre, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
Tel. No.: |
91-22-2287 6224 / 6225 |
|
Fax No.: |
91-22-2287 6218 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
S.No.99/2/6, Madhuban Dam Road, Village Rakholi, Silvassa- 396230, Union Territory of Dadra and Nagar Haveli, India |
|
|
|
|
Factory 2 : |
Plot No 147/2 and 3, Near Polyole Fibres Limited, Opposite Talab, Village Dabhel, Daman-396210, Daman and Diu, India |
|
|
|
|
Regional Offices: |
Located at : · Vadodara · New Delhi · Hyderabad · Mumbai |
DIRECTORS
As on 2017
|
Name : |
Mr. Anant Kanoi |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Somerset House, 61/G, Bhula Bhai Desai Road, Mumbai-400026, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.10.1974 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2008 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00246353 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Virendra Jain |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B19, Sterling Apartments, 38, Peddar Road, Mumbai-400026, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.11.1958 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.08.2008 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00077662 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nikunj Hasmukh Shah |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 801 - B, 8th Floor, Chaitanya Towers, A. S. M. Marg,
Prabhadevi, Mumbai 400025, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.08.1960 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.03.2013 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00597216 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Madhusudan Mahaveerprasad Makharia |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Makharia House, 2nd Floor, 327 Sardar Patel Road, Mumbai-400004,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.06.1955 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.03.2013 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01164521 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mayank Surendrabhai Vyas |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
D-101, Gurudev Complex-III Sayali Road, Silvasa -396230, Union
Territory of Dadra and Nagar Haveli, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.02.1975 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.03.2013 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06540292 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. N. Makhija |
|
Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Harsh Jain |
200007 |
22.22 |
|
Ankit Jain |
200016 |
22.23 |
|
Satyapal Jain |
200007 |
22.22 |
|
Anant Kanoi |
108000 |
12.00 |
|
Nidhi Kanoi |
99000 |
11.00 |
|
Ahana Kanoi |
42030 |
4.67 |
|
Arjun Kanoi |
50940 |
5.66 |
|
Total |
900000 |
100.00 |
%20INDUSTRIES%20LIMITED%20-%20486178%2013-Jan-2018_files/image020.gif)
Equity Share Break up (Percentage of Total Equity)
As on 30.08.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Geotextile and Geo synthetics (Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Jayantilal Thakkar and Company Chartered Accountants |
|
Address : |
111-A, Mahatma Gandhi Road, Fort, Mumbai - 400023, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFJ3458R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related Party : |
Polysil Pipe |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
500000 |
Preference Shares |
INR 10/- each |
INR 5.000 Million |
|
|
Total |
|
INR 15.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Equity Shares |
INR 10/- each |
INR 9.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.000 |
9.000 |
9.000 |
|
(b) Reserves and Surplus |
533.224 |
380.252 |
267.025 |
|
(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) |
542.224 |
389.252 |
276.025 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
222.235 |
240.600 |
327.986 |
|
(b) Deferred tax liabilities (Net) |
68.411 |
66.660 |
60.700 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
2.463 |
1.093 |
1.095 |
|
Total Non-current
Liabilities (3) |
293.109 |
308.353 |
389.781 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
190.666 |
155.787 |
170.377 |
|
(b) Trade
payables |
155.109 |
61.238 |
53.069 |
|
(c) Other
current liabilities |
55.330 |
54.861 |
59.338 |
|
(d) Short-term
provisions |
21.448 |
88.154 |
43.164 |
|
Total Current
Liabilities (4) |
422.553 |
360.040 |
325.948 |
|
|
|
|
|
|
TOTAL |
1257.886 |
1057.645 |
991.754 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
536.788 |
531.399 |
544.182 |
|
(ii)
Intangible Assets |
3.728 |
2.081 |
0.260 |
|
(iii) Tangible assets
capital work-in-progress |
98.166 |
11.308 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
2.102 |
2.229 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.990 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
20.556 |
7.814 |
4.923 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
659.238 |
554.704 |
552.584 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
3.400 |
3.300 |
1.800 |
|
(b) Inventories |
193.205 |
139.921 |
153.394 |
|
(c) Trade receivables |
333.236 |
219.980 |
193.088 |
|
(d) Cash and bank balances |
30.964 |
33.979 |
19.370 |
|
(e) Short-term loans and advances |
37.843 |
105.761 |
71.518 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
598.648 |
502.941 |
439.170 |
|
|
|
|
|
|
TOTAL |
1257.886 |
1057.645 |
991.754 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1436.084 |
1131.791 |
1121.941 |
|
|
Other Income |
3.622 |
13.132 |
5.081 |
|
|
TOTAL |
1439.706 |
1144.923 |
1127.022 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
780.485 |
572.664 |
627.379 |
|
|
Purchases of
Stock-in-Trade |
23.001 |
48.367 |
61.444 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.762 |
2.010 |
3.569 |
|
|
Employee benefit expense |
114.170 |
96.801 |
89.433 |
|
|
CSR expenditure |
1.896 |
0.000 |
0.000 |
|
|
Other expenses |
193.745 |
175.871 |
168.842 |
|
|
Exceptional items |
0.000 |
(12.599) |
0.000 |
|
|
TOTAL |
1117.059 |
883.114 |
950.667 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
322.647 |
261.809 |
176.355 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
32.368 |
28.886 |
34.932 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
290.279 |
232.923 |
141.423 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
53.056 |
54.676 |
54.942 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
237.223 |
178.247 |
86.481 |
|
|
|
|
|
|
|
Less |
TAX |
84.251 |
65.021 |
28.008 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
152.972 |
113.226 |
58.473 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
427.951 |
282.442 |
366.266 |
|
|
TOTAL EARNINGS |
427.951 |
282.442 |
366.266 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
280.800 |
138.990 |
222.296 |
|
|
Components and spare
parts |
1.002 |
5.767 |
9.144 |
|
|
Capital Goods |
95.636 |
4.820 |
25.061 |
|
|
TOTAL IMPORTS |
377.438 |
149.577 |
256.501 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
169.97 |
158.81 |
64.97 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
19.363 |
12.566 |
7.660 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
235.858 |
235.257 |
63.835 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
84.70 |
70.94 |
62.82 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.31 |
5.14 |
5.81 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
70.46 |
35.99 |
28.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.67 |
1.87 |
1.15 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.51 |
0.48 |
0.32 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.53 |
0.58 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.80 |
1.05 |
1.83 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.78 |
0.92 |
1.18 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.18 |
1.40 |
1.98 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
9.97 |
9.06 |
5.05 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
10.65 |
10.00 |
5.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
12.16 |
10.71 |
5.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
28.21 |
29.09 |
21.18 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.42 |
1.40 |
1.35 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.96 |
1.01 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.43 |
0.37 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
48.03 |
45.44 |
56.22 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.42 |
1.40 |
1.35 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are in
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 |
9.000 |
9.000 |
9.000 |
|
Reserves & Surplus |
267.025 |
380.252 |
533.224 |
|
Net
worth |
276.025 |
389.252 |
542.224 |
|
|
|
|
|
|
long-term borrowings |
327.986 |
240.600 |
222.235 |
|
Short term borrowings |
170.377 |
155.787 |
190.666 |
|
Current maturities of
long-term debts |
7.660 |
12.566 |
19.363 |
|
Total
borrowings |
506.023 |
408.953 |
432.264 |
|
Debt/Equity
ratio |
1.833 |
1.051 |
0.797 |
%20INDUSTRIES%20LIMITED%20-%20486178%2013-Jan-2018_files/image022.gif)
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 |
1121.941 |
1131.791 |
1436.084 |
|
|
|
0.878 |
26.886 |
%20INDUSTRIES%20LIMITED%20-%20486178%2013-Jan-2018_files/image024.gif)
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 |
1121.941 |
1131.791 |
1436.084 |
|
Profit |
58.473 |
113.226 |
152.972 |
|
|
5.21% |
10.00% |
10.65% |
%20INDUSTRIES%20LIMITED%20-%20486178%2013-Jan-2018_files/image026.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
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 |
REVIEW OF BUSINESS OPERATIONS
AND FUTURE PROSPECTS
The Directors wish to present the details of Business operations done during the year:
a. Sales: During the year under review company registered an income of 1472.700 million.
b. Future Prospects including constraints affecting due to Government policies: The prospect of doing the business is bright as government policies are favorable and various sectors are opened for private participation, such as port development and various infrastructure development.
UNSECURED LOAN
|
Particulars |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Fully convertible debentures others |
0.000 |
197.591 |
|
Total |
0.000 |
197.591 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G45573490 |
100102017 |
HDFC BANK LIMITED |
22/05/2017 |
- |
45000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
G47919857 |
100108237 |
HDFC BANK LIMITED |
06/04/2017 |
- |
74000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MAHARASHTRA 400013 INDIA |
|
3 |
G07214596 |
100037588 |
HDFC BANK LIMITED |
12/04/2016 |
- |
45000000.0 |
UNIT NO. 401 AND 402, 4TH FLOOR PENINSULA BUSINESS PARK., LOWER PAREL MUMBAI MAHARASHTRA 400013 INDIA |
|
4 |
G51085470 |
10617744 |
HDFC BANK LIMITED |
14/12/2015 |
06/04/2017 |
400000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MAHARASHTRA 400013 INDIA |
|
5 |
C63460596 |
10205801 |
CANARA BANK |
30/05/2009 |
28/08/2015 |
816000000.0 |
SPECIALISED PRIME CORPORATE BRANCH20TH FLOOR, MAKER TOWER - F, CUFFE PARADE MUMBAI MAHARASHTRA 400005 INDIA |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Equipment
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
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 |
|
UK Pound |
1 |
INR 86.28 |
|
Euro |
1 |
INR 76.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·