|
|
|
MIRA INFORM REPORT
|
Report No. : |
486165 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
JIWANRAM SHEODUTTRAI INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
30D, Jawaharlal Nehru Road, Kolkata – 700016, West Bengal |
|
Tel. No.: |
91-33-40169500 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
23.09.1997 |
|
|
|
|
Com. Reg. No.: |
21-085533 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 49.504 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111WB1997PTC085533 |
|
|
|
|
IEC No.: |
0297025660 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALJ01655D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ7420L |
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|
|
|
GSTIN/UIN : |
Not Divulged |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in Manufacturing of Leather Gloves,
Coats and other safety Items. (Registered Activity) |
|
|
|
|
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 : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1997. The company manufactures and
process leather based protective gloves, garments and accessories. Management has not filed its financial record with government
department for the year 2017 and same are not available from any other
sources. For the financial year ended 2016 revenue of the company has declined
by 27.77% but has reported average profit margin of 2.00% during the year
under review. The company average financial profile is reflected by its below
average solvency indicators due to leverage debt balance sheet profile along
with sound networth base and weak liquidity position. Rating takes into consideration the company’s weak liquidity position
which is arising from delayed collection from its debtors. Payments are reported to be slow. The company can be considered for business dealings on safe and
secured 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 Loans=D |
|
Rating Explanation |
Lowest-credit-quality and very low prospects
of recovery. |
|
Date |
10.01.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans=D |
|
Rating Explanation |
Lowest-credit-quality and very low prospects
of recovery. |
|
Date |
10.01.2017 |
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 15.01.2018
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
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-33-40169500)
(Tel. No.: 91-33-40169529 Continuously Ringing)
LOCATIONS
|
Registered Office : |
30D, Jawaharlal Nehru Road, Kolkata – 700016, West Bengal, India |
|
Tel. No.: |
91-33-40169500/ 40169529 |
|
Fax No.: |
91-33-22499511 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Corporate Office/ Factory : |
Module No. 301, Chilpangan, PH-1 Salt Lake, Sector-III, Kolkata –
700098, West Bengal, India |
|
Tel. No.: |
91-33-4016500 (40 Lines) |
|
Fax No.: |
91-33-40169502 |
|
|
|
|
Branch Offices: |
Located at: · Kolkata · Bangalore · Ahmedabad · Varanasi · New Delhi · Bhubaneswar ·
Mumbai |
DIRECTORS
As on 31.03.207
|
Name : |
Mr. Alok Prakash |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Flat 23, Block D, 30, Jawaharlal Nehru Road, Kolkata - 700016, West Bengal, India |
||||||||||||||||||||||||||||
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Date of Birth/Age : |
03.04.1961 |
||||||||||||||||||||||||||||
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Date of Appointment : |
29.11.1997 |
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PAN No.: |
AEXPP3743A |
||||||||||||||||||||||||||||
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DIN No.: |
00375634 |
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Other Directorship :
|
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|
||||||||||||||||||||||||||||
|
Name : |
Gouri Shankar Singhania |
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|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
121, Jodhpur Park, LP 145/9/8/5, Kolkata - 700068, West Bengal, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.09.1936 |
||||||||||||||||||||||||||||
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Date of Appointment : |
01.07.2013 |
||||||||||||||||||||||||||||
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PAN No.: |
AJVPS7479K |
||||||||||||||||||||||||||||
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DIN No.: |
06618049 |
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Other Directorship :
|
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Suresh Kumar Dhandhania |
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|
Designation : |
Additional Director |
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|
Address : |
15A, Raja Santosh Road, Alipore, Kolkata - 700027, West Bengal, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
14.08.2015 |
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PAN No.: |
06672450 |
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Other Directorship :
|
|||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Krishna Pareek |
|
Designation : |
Chief Financial Officer |
|
Address : |
H/No-Dlx-62, Carnation Apartment, Sonari, Jamshedpur – 831011, Jharkhand, India |
|
Date of Appointment : |
01.06.2014 |
|
PAN No.: |
AHOPP5731G |
MAJOR SHAREHOLDERS
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Alok Prakash (HUF) |
3547200 |
71.66 |
|
Alok Prakash Jointly with Anupama Prakash |
81300 |
1.64 |
|
Anupama Prakash Jointly with Alok Prakash |
767500 |
15.50 |
|
Gyan Prakash |
1100 |
0.02 |
|
Nupur Prakash |
553250 |
11.18 |
|
Total |
4950350 |
100.00 |
AS ON 05.09.2016
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing of Leather Gloves,
Coats and other safety Items. (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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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 : |
|
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Auditors : |
|
|
Name : |
S. Bhalotia and Associates Chartered Accountants |
|
Address : |
20B, Abdul Hamid Street, East India House, 1st Floor, Room No. 1F, Kolkata – 700069, West Bengal, India |
|
PAN No.: |
ABDFS9117L |
|
|
|
|
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.: U19115WB2013PTC197975]
[CIN NO.: U52100WB2009PTC132315]
[CIN NO.: U19115WB2013PTC197845]
[CIN NO.: U19115WB2013PTC197953]
[CIN NO.: U17299WB2005PTC102342]
[CIN NO.: U19129WB2006PTC109139]
[CIN NO.: U19115WB2013PTC197934]
[CIN NO.: U19115WB2013PTC198051]
[CIN NO.: U19115WB2013PTC197814]
[CIN NO.: U19115WB2013PTC197895]
[CIN NO.: U93090WB2009PTC137839]
|
CAPITAL STRUCTURE
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4950350 |
Equity Shares |
INR 10/- each |
INR 49.504 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 |
49.504 |
49.504 |
49.503 |
|
(b) Reserves &
Surplus |
391.648 |
377.248 |
342.543 |
|
(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) |
441.152 |
426.752 |
392.046 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
155.149 |
83.573 |
5.230 |
|
(b) Deferred tax
liabilities (Net) |
12.713 |
10.459 |
0.295 |
|
(c) Other long term
liabilities |
167.851 |
151.312 |
87.401 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
335.713 |
245.344 |
92.926 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
506.076 |
577.223 |
564.681 |
|
(b) Trade payables |
271.348 |
167.192 |
116.719 |
|
(c) Other current
liabilities |
135.880 |
91.446 |
60.137 |
|
(d) Short-term provisions |
4.766 |
4.752 |
5.798 |
|
Total Current Liabilities
(4) |
918.070 |
840.613 |
747.335 |
|
|
|
|
|
|
TOTAL |
1694.935 |
1512.709 |
1232.307 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
370.999 |
379.454 |
310.230 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
7.108 |
7.024 |
10.724 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.102 |
7.457 |
6.464 |
|
(e) Other Non-current
assets |
75.316 |
55.252 |
47.085 |
|
Total Non-Current Assets |
458.525 |
449.187 |
374.503 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
336.744 |
311.509 |
254.839 |
|
(c) Trade receivables |
573.421 |
393.291 |
240.186 |
|
(d) Cash and cash
equivalents |
193.691 |
141.927 |
137.731 |
|
(e) Short-term loans and
advances |
132.554 |
216.795 |
225.048 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1236.410 |
1063.522 |
857.804 |
|
|
|
|
|
|
TOTAL |
1694.935 |
1512.709 |
1232.307 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1100.744 |
1523.963 |
1344.462 |
|
|
Other Income |
165.090 |
176.043 |
162.693 |
|
|
TOTAL |
1265.834 |
1700.006 |
1507.155 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
879.737 |
942.350 |
1033.727 |
|
|
Purchases of
Stock-in-Trade |
12.190 |
355.415 |
18.876 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(36.845) |
(12.175) |
(19.997) |
|
|
Employees benefits
expense |
35.750 |
93.907 |
88.096 |
|
|
Other expenses |
249.448 |
201.272 |
264.705 |
|
|
Exceptional items |
0.775 |
0.069 |
(0.026) |
|
|
TOTAL |
1141.055 |
1580.838 |
1385.381 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
124.779 |
119.168 |
121.774 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
80.231 |
74.498 |
61.106 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
44.548 |
44.670 |
60.668 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
11.864 |
10.410 |
16.020 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
32.684 |
34.260 |
44.648 |
|
|
|
|
|
|
|
Less |
TAX |
10.662 |
19.957 |
14.372 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
22.022 |
14.303 |
30.276 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
165.003 |
129.979 |
99.703 |
|
|
|
|
|
|
|
Add |
Adjustments relating to
Fixed Assets for change in method |
0.000 |
25.473 |
0.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Dividend on Equity Shares
& Tax Thereon |
4.766 |
4.752 |
0.000 |
|
|
Balance Carried to the
B/S |
182.259 |
165.003 |
129.979 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1074.662 |
1111.549 |
1267.254 |
|
|
TOTAL EARNINGS |
1074.662 |
1111.549 |
1267.254 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
116.671 |
28.134 |
24.772 |
|
|
TOTAL IMPORTS |
116.671 |
28.134 |
24.772 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.45 |
2.89 |
6.12 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
17.607 |
0.950 |
16.697 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(126.378) |
(47.107) |
3.111 |
|
Net cash flow from operating activity |
(93.068) |
(29.515) |
(11.304) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
190.14 |
94.20 |
65.21 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
1.92 |
3.87 |
5.60 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
111.04 |
47.02 |
40.47 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.37 |
0.38 |
0.48 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.34 |
0.31 |
0.39 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.64 |
0.61 |
0.62 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.54 |
1.55 |
1.50 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.08 |
1.97 |
1.91 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.84 |
0.89 |
0.79 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.56 |
1.60 |
1.99 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
2.00 |
0.94 |
2.25 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.30 |
0.95 |
2.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.99 |
3.35 |
7.72 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.35 |
1.27 |
1.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.98 |
0.89 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.26 |
0.28 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
13.71 |
13.37 |
11.85 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.35 |
1.27 |
1.15 |
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 |
49.503 |
49.504 |
49.504 |
|
Reserves & Surplus |
342.543 |
377.248 |
391.648 |
|
Net
worth |
392.046 |
426.752 |
441.152 |
|
|
|
|
|
|
Long Term borrowings |
5.230 |
83.573 |
155.149 |
|
Short Term borrowings |
564.681 |
577.223 |
506.076 |
|
Current Maturities of Long term debt |
16.697 |
0.950 |
17.607 |
|
Total
borrowings |
586.608 |
661.746 |
678.832 |
|
Debt/Equity
ratio |
1.496 |
1.551 |
1.539 |
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
|
1344.462 |
1523.963 |
1100.744 |
|
|
|
13.351 |
(27.771) |
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
|
1344.462 |
1523.963 |
1100.744 |
|
Profit |
30.276 |
14.303 |
22.022 |
|
|
2.25% |
0.94% |
2.00% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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) |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
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 |
18.839 |
|
Other loans and advances |
43.002 |
32.974 |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
0.000 |
7.500 |
|
Total |
43.002 |
59.313 |
INDEX OF CHARGE:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G08804197 |
100020529 |
INDUSIND BANK LTD. |
21/03/2016 |
22/07/2016 |
- |
137607000.0 |
Savitri Towers 3A Upper Wood Street KOLKATA WEST BENGAL 700017 INDIA |
|
2 |
C42104927 |
90248062 |
CANARA BANK |
31/08/2000 |
14/01/2015 |
- |
442500000.0 |
OVERSEAS BRANCH 2/1 RUSSEL STREET KOLKATA WEST BENGAL 700071 INDIA |
|
3 |
G06618656 |
10589248 |
Aditya Birla Housing Finance Limited |
17/07/2015 |
26/08/2015 |
24/06/2016 |
34100000.0 |
Indian Rayon Compound, Veraval GUJARAT 362266 INDIA |
|
4 |
C76623040 |
10521323 |
ICICI BANK LIMITED |
19/09/2014 |
- |
06/01/2016 |
29000000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
|
5 |
C42096131 |
90248744 |
CANARA BANK |
31/01/2005 |
- |
31/01/2015 |
15000000.0 |
OVERSEAS BRANCH2/1; RUSSEL STREET CALCUTTA WEST BENGAL 700071 INDIA |
|
6 |
C42103275 |
10513212 |
CANARA BANK |
15/07/2014 |
- |
31/01/2015 |
30000000.0 |
OVERSEAS BRANCH2/1; RUSSEL STREET CALCUTTA WEST BENGAL 700071 INDIA |
|
7 |
C42100750 |
10414246 |
CANARA BANK |
09/03/2013 |
- |
31/01/2015 |
20000000.0 |
OVERSEAS BRANCH2/1; RUSSEL STREET CALCUTTA WEST BENGAL 700071 INDIA |
|
8 |
C42098632 |
10398063 |
CANARA BANK |
03/01/2013 |
- |
31/01/2015 |
30000000.0 |
OVERSEAS BRANCH2/1 RUSSEL STREET KOLKATA WEST BENGAL 700072 INDIA |
|
9 |
C13628003 |
10434561 |
ICICI BANK LIMITED |
29/06/2013 |
- |
03/07/2014 |
17000000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
|
10 |
B84569144 |
10255775 |
Indian Bank |
27/10/2010 |
02/02/2011 |
14/09/2013 |
460000000.0 |
3A,HARE STREET KOLKATA WEST BENGAL 700001 INDIA |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Furniture and Fixtures
·
Other plant and Equipment
·
Plant and Equipment
·
Vehicles
·
Computer Equipment’s
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 63.52 |
|
|
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWE |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
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.