|
|
|
MIRA INFORM REPORT
|
Report No. : |
485565 |
|
Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ANUBHA INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
369, 371, 377, N. H. No. 8, Village & Taluka: Palsana, Surat –
394315, Gujarat |
|
Tel. No.: |
91-2622-264259 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.10.2012 |
|
|
|
|
Com. Reg. No.: |
04-072459 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 520.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18100GJ2012PTC072459 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCA0485D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Textile,
leather and other apparel products (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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2012 and is engaged in manufacturing and trading of art silk cloth, denim fabrics, cotton fabrics etc. As per the financial record of 2017, the company has achieved 28.56%
growth in its revenue as compared to the previous year long with an average
profit margin of 2.69%. The company’s moderate financial profile is marked by improving but
average net worth base along with comfortable debt balance sheet profile. Rating takes into consideration the equity infusion done by its
promoters. Rating gets constrained by vulnerability of its operating margins to
volatility in raw material prices and working capital intensive operations. Payments are reported to be slow but correct. In view of the aforesaid, the company can be considered for business
dealing with some caution. |
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 |
BRICKWORKS |
|
Rating |
Long Term Borrowing BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
14.03.2017 |
|
Rating Agency Name |
BRICKWORKS |
|
Rating |
Short Term Borrowing A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
14.03.2017 |
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 16.01.2018
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. Akshat Chaudhary |
|
Designation : |
Director |
|
Contact No.: |
91-9824700400 |
|
Date : |
11.01.2018 |
LOCATIONS
|
Registered Office / Plant : |
369, 371, 377, N. H. No. 8, Village & Taluka: Palsana, Surat –
394315, Gujarat, India |
|
Tel. No.: |
91-2622-264259 |
|
Mobile No.: |
91-9824700400 (Mr. Akshat Chaudhary) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
City Office : |
C - 326, 3rd Floor, International Trade Center, Majura Gate, Ring Road, Surat – 395002, Gujarat, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Aditya Goyal |
||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||
|
Address : |
304 A, Apollo Enclave, 14/1, Palasia, Indore - 452016, Madhya Pradesh,
India |
||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.09.1976 |
||||||||||||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||||||||||||
|
Date of Appointment : |
13.01.2016 |
||||||||||||||||||||||||||
|
DIN No.: |
00080392 |
||||||||||||||||||||||||||
|
PAN No.: |
ADCPG2087N |
||||||||||||||||||||||||||
|
Other Directorship:
|
|
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Name : |
Mr. Amitesh Vidyakar Bansal |
||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||
|
Address : |
A/702, 7th Floor, Solitaire Building Tower-4, Brijwasi Estate,
Opposite Umrigar School, Parel Poin, Surat - 395007, Gujarat, India |
||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.06.1975 |
||||||||||||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||||||||||||
|
Date of Appointment : |
20.01.2015 |
||||||||||||||||||||||||||
|
DIN No : |
00378316 |
||||||||||||||||||||||||||
|
PAN No.: |
ABIPB6047P |
||||||||||||||||||||||||||
|
Other Directorship:
|
|
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Name : |
Mr. Omprakash Ramjas Godara |
||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||
|
Address : |
1 Nava Faliya, Palsana, Surat - 394315, Gujarat, India |
||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.08.1970 |
||||||||||||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||||||||||||
|
Date of Appointment : |
19.07.2014 |
||||||||||||||||||||||||||
|
DIN No.: |
06928354 |
||||||||||||||||||||||||||
|
PAN No.: |
AISPG9823B |
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Name : |
Mr. Akshat Pramodkumar Chaudhary |
||||||||||||||||||||||||||
|
Designation : |
Whole time Director |
||||||||||||||||||||||||||
|
Address : |
7/B, Rudraraj Apartment, Opposite Arihant Complex, Athwalines, Surat -
395001, Gujarat, India |
||||||||||||||||||||||||||
|
Date of Appointment : |
13.01.2016 |
||||||||||||||||||||||||||
|
DIN No.: |
06934700 |
||||||||||||||||||||||||||
|
PAN No.: |
AIDPC5819J |
||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
2.83 |
|
Promoters (Body corporate) |
88.83 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
4.50 |
|
Public/Other than promoters (Body corporate) |
3.84 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Textile,
leather and other apparel products (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 : |
Information denied by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
DSI and Company Chartered Accountants |
|
Address : |
MF/ 14-26, Nariman Point Shopping Centre, Near Raghuvir Bungalows, City Light Road, Surat – 395007, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFD4002N |
|
|
|
|
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 : |
· Anubha Fabrics Private Limited (CIN - U17120GJ2011PTC066271) · Konkan Roadways Private Limited (CIN - U63011WB1995PTC070921) · Anubha Polyweaves Private Limited (CIN - U17110GJ1992PTC017009) |
CAPITAL STRUCTURE
AFTER 31.03.2017
Authorised Capital : INR
550.000 Million
Issued, Subscribed & Paid-up Capital : INR 536.200 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5500000 |
Equity Shares |
INR 100/- each |
INR 550.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5202000 |
Equity Shares |
INR 10/- each |
INR 520.200 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 |
520.200 |
489.300 |
467.800 |
|
(b) Reserves and Surplus |
87.405 |
8.722 |
(45.216) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
16.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds |
623.605 |
498.022 |
422.584 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1031.014 |
1091.213 |
1055.676 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
36.390 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities |
1031.014 |
1091.213 |
1092.066 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
688.611 |
459.972 |
267.491 |
|
(b) Trade
payables |
590.302 |
598.585 |
175.415 |
|
(c) Other
current liabilities |
5.077 |
3.252 |
2.083 |
|
(d) Short-term
provisions |
19.547 |
10.400 |
0.000 |
|
Total Current
Liabilities |
1303.537 |
1072.208 |
444.989 |
|
|
|
|
|
|
TOTAL |
2958.156 |
2661.443 |
1959.639 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1352.548 |
1418.427 |
1414.852 |
|
(ii)
Intangible Assets |
2.713 |
1.939 |
2.726 |
|
(iii) Tangible assets
capital work-in-progress |
24.487 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.207 |
0.008 |
0.008 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
12.574 |
13.224 |
13.327 |
|
(e) Other
Non-current assets |
1.518 |
2.276 |
3.035 |
|
Total Non-Current
Assets |
1394.047 |
1435.874 |
1433.948 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
725.319 |
520.795 |
177.813 |
|
(c) Trade
receivables |
688.549 |
555.166 |
126.269 |
|
(d) Cash and
bank balances |
42.566 |
21.956 |
19.707 |
|
(e)
Short-term loans and advances |
79.578 |
115.642 |
200.979 |
|
(f) Other
current assets |
28.097 |
12.010 |
0.923 |
|
Total
Current Assets |
1564.109 |
1225.569 |
525.691 |
|
|
|
|
|
|
TOTAL |
2958.156 |
2661.443 |
1959.639 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2620.933 |
2038.574 |
248.923 |
|
|
Other Income |
11.239 |
10.515 |
3.572 |
|
|
TOTAL |
2632.172 |
2049.089 |
252.495 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1896.229 |
1627.390 |
260.766 |
|
|
Purchases of
Stock-in-Trade |
1.118 |
0.020 |
2.149 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(190.227) |
(255.446) |
(98.535) |
|
|
Employee benefit expense |
155.380 |
123.422 |
23.604 |
|
|
Other expenses |
485.943 |
334.189 |
59.993 |
|
|
Extraordinary items before tax |
0.000 |
(24.756) |
0.000 |
|
|
TOTAL |
2348.443 |
1804.819 |
247.977 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
283.729 |
244.270 |
4.518 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
122.985 |
103.811 |
11.834 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
160.744 |
140.459 |
(7.316) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
88.858 |
85.768 |
38.238 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
71.886 |
54.691 |
(45.554) |
|
|
|
|
|
|
|
Less |
TAX |
1.453 |
0.753 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
70.433 |
53.938 |
(45.554) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
84.616 |
110.998 |
55.858 |
|
|
TOTAL EARNINGS |
84.616 |
110.998 |
55.858 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
61.847 |
81.930 |
575.784 |
|
|
TOTAL IMPORTS |
61.847 |
81.930 |
575.784 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
13.54 |
11.02 |
(9.74) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(39.566) |
(43.288) |
(28.233) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(32.769) |
(43.288) |
(28.233) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
95.89 |
99.40 |
185.15 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.81 |
3.67 |
1.97 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
113.56 |
134.25 |
243.53 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.39 |
0.47 |
0.03 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.21 |
0.17 |
0.00 |
LEVERAGE
RATIOS
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.79 |
0.81 |
0.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
2.76 |
3.11 |
3.13 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
2.09 |
2.15 |
1.05 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
2.21 |
2.85 |
3.35 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
2.31 |
2.35 |
0.38 |
PROFITABILITY
RATIOS
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
2.69 |
2.65 |
(18.30) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
2.38 |
2.03 |
(2.32) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / Net
Worth) * 100] |
(%) |
11.29 |
10.83 |
(10.78) |
SOLVENCY
RATIO
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.20 |
1.14 |
1.18 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.64 |
0.66 |
0.78 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.21 |
0.19 |
0.22 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
3.31 |
3.17 |
2.83 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.20 |
1.14 |
1.18 |
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 |
467.800 |
489.300 |
520.200 |
|
Reserves & Surplus |
(45.216) |
8.722 |
87.405 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
16.000 |
|
Net
worth |
422.584 |
498.022 |
623.605 |
|
|
|
|
|
|
Long-term borrowings |
1055.676 |
1091.213 |
1031.014 |
|
Short term borrowings |
267.491 |
459.972 |
688.611 |
|
Total
borrowings |
1323.167 |
1551.185 |
1719.625 |
|
Debt/Equity
ratio |
3.131 |
3.115 |
2.758 |
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 |
248.923 |
2038.574 |
2620.933 |
|
|
0.000 |
718.958 |
28.567 |
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 |
248.923 |
2038.574 |
2620.933 |
|
Profit/ (Loss) |
(45.554) |
53.938 |
70.433 |
|
|
(18.30
%) |
2.65
% |
2.69
% |
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 |
No |
|
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 |
NOTE: Registered office of the company has been
shifted from Office No. 104, Mahadev Complex, Opposite Daxeshwar, Temple, GHB
Road, Fateh Nagar, Pandesara, Surat – 394221, Gujarat,
India to the present address w.e.f.
14.12.2013
PERFORMANCEREVIEW, OPERATION AND PROSPECTS:
This was first full year of operation for the company. The revenue from operations and other income for the financial year was INR 2632.172 million as against INR 2049.089 million for the previous financial year. The company has earned net profit of INR 70.433 million as compared to loss of INR 53.938 million for the previous financial year.
The company is well on the way to further growth. The company has good order position on hand and with aggressive marketing strategy, it will further strengthen. The company is also making continuous efforts to improve the quality of products to sustain and grow in the competitive market.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
168.849 |
104.398 |
|
Total |
168.849 |
104.398 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G59959080 |
100131149 |
Bank of Baroda |
06/10/2017 |
- |
- |
40000000.0 |
Mid Corporate Branch, 2nd Floor, Baroda Sun Complex, Ghod Dod Road, Surat - 395007, Gujarat, India |
|
2 |
G49031156 |
100111634 |
Bank of Baroda |
28/06/2017 |
- |
- |
40000000.0 |
Mid Corporate Branch, 2nd Floor, Baroda Sun Complex, Ghod Dod Road, Surat - 395007, Gujarat, India |
|
3 |
G31673346 |
10469823 |
Bank of Baroda |
02/01/2014 |
26/12/2016 |
- |
1707300000.0 |
Mid Corporate Branch, 2nd Floor, Baroda Sun Complex, Ghod Dod Road, Surat - 395007, Gujarat, India |
|
4 |
G31670524 |
10469830 |
Bank of Baroda |
02/01/2014 |
26/12/2016 |
- |
1707300000.0 |
Mid Corporate Branch, 2nd Floor, Baroda Sun Complex, Ghod Dod Road, Surat - 395007, Gujarat, India |
|
5 |
G35617414 |
100035398 |
Bank Of Baroda |
28/06/2016 |
- |
17/01/2017 |
40000000.0 |
Mid Corporate Branch, 2nd Floor, Baroda Sun Complex, Ghod Dod Road, Surat - 395007, Gujarat, India |
|
6 |
G34754903 |
10627781 |
Bank Of Baroda |
21/03/2016 |
- |
17/01/2017 |
40000000.0 |
Mid Corporate Branch, 2nd Floor, Baroda Sun Complex, Ghod Dod Road, Surat - 395007, Gujarat, India |
|
7 |
G34752402 |
10587147 |
Bank of Baroda |
22/08/2015 |
- |
17/01/2017 |
40000000.0 |
Mid Corporate Branch, 2nd Floor, Baroda Sun Complex, Ghod Dod Road, Surat - 395007, Gujarat, India |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 63.41 |
|
|
1 |
INR 87.18 |
|
Euro |
1 |
INR 77.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PYK |
|
|
|
|
Report Prepared
by : |
TRUP |
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.