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MIRA INFORM REPORT
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Report No. : |
486823 |
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Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
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Name : |
GOLDY PRECISION STAMPINGS PRIVATE LIMITED (w.e.f 10.08.2005) |
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Formerly Known
As : |
GOLDY PRESS TOOLS PRIVATE LIMITED |
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Registered
Office : |
Manisha Bunglow, Savarkarnagar, Gangapur Road, Nashik – 422013, Maharashtra |
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Tel. No.: |
91-253-6604785 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
03.04.1991 |
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Com. Reg. No.: |
11-061022 |
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Capital
Investment / Paid-up Capital : |
INR 12.008 Million |
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CIN No.: [Company Identification
No.] |
U34100MH1991PTC061022 |
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IEC No.: |
3196021785 |
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GSTIN : |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCG1087B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the manufacturing and sales of automobile and engineering components, Tools, Dies, Jigs and Fixtures (Registered Activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Goldy Precision Stampings Private Limited is engaged in manufacturing
of press metal components. The company was incorporated in the year 1991 and
is based in Nashik, Maharashtra. It is an established company fine track
record. For the financial ended 2017, the company has witnessed a healthy
growth in its revenue and has achieved good profit margin at 10.66%
(approximately). The company possesses sound financial profile marked by healthy
networth base along with low debt and favourable gap between trade payable to
its trade receivables. The company also derives strength from its long standing track record
of business operations. Trade relation are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitments. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
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 18.01.2018
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 : |
Not Divulged |
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Designation : |
Office Executive |
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Contact No.: |
91-253-6604785 |
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Date : |
18.01.2018 |
LOCATIONS
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Registered Office : |
Manisha Bunglow, Savarkarnagar, Gangapur Road, Nashik – 422013, Maharashtra |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9370510585 (Mr. Siddhesh Mohan Raikar) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Residential |
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Factory : |
F84/ 85, MIDC, Satpur Estate, Nashik – 422007, |
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Tel. No.: |
91-253-2350885/ 6604785/ 6604885 |
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Fax No.: |
91-253-2351412 |
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Location : |
Owned |
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Locality : |
Industrial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Mohan Ramkrishna Raikar |
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Designation : |
Managing Director |
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Address : |
"Manisha" 15, Chintamani Colony, Savarkar Nagar,
Gangapur Road, Nasik-422013, Maharashtra, India |
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Date of Birth/Age : |
10.07.1943 |
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Date of Appointment : |
03.04.1991 |
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DIN No.: |
00045601 |
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Name : |
Mr. Jayesh Mohan Raikar |
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Designation : |
Director |
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Address : |
Manisha Chintamani Colony, Sawarkar Nagar, Gangapur Road,
Nasik-422005, Maharashtra, India |
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Date of Birth/Age : |
01.08.1979 |
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Date of Appointment : |
23.02.2000 |
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DIN No.: |
01522528 |
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Name : |
Mrs. Manisha Mohan Raikar |
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Designation : |
Director |
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Address : |
Manisha Sawarkar Nagar, Gangapur Road, Nasik-422005, Maharashtra,
India |
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Date of Birth/Age : |
02.10.1947 |
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Date of Appointment : |
03.04.1991 |
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DIN No.: |
01522565 |
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Name : |
Mr. Siddhesh Mohan Raikar |
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Designation : |
Director |
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Address : |
Manisha Sawarkar Nagar, Gangapur Road, Nasik-422005, Maharashtra,
India |
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Date of Birth/Age : |
05.11.1976 |
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Date of Appointment : |
23.02.2000 |
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DIN No.: |
01681752 |
MAJOR SHAREHOLDERS
As on 29.09.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Mohan Ramkrishna Raikar |
80040 |
66.66 |
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Manisha Mohan Raikar |
4040 |
3.36 |
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Siddhesh Mohan Raikar |
16000 |
13.32 |
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Jayesh Mohan Raikar |
16000 |
13.32 |
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Pooja Sidhesh Raikar |
2000 |
1.67 |
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Priyanka Jayesh Raikar |
2000 |
1.67 |
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Total |
120080 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
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Category |
Percentage |
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Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The company is engaged in the manufacturing and sales of automobile and engineering components, Tools, Dies, Jigs and Fixtures (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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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 denied by the management |
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Bankers : |
·
Union Bank of India, ULP Nashik Branch, Ground
Floor of Dr. Torne Hospital, Opposite Suyash Hospital, Behind Maha Marg, Bus
Stand, Nashik-422001, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Rajendra P. Shah and Company Chartered Accountants |
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Address : |
06, Archit Enclave, Kotwal Park, Trimbak Road, Nashik-422002,
Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AMTPS4861N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises/ firm over which personnel referred in individual having significant
influence on company above exercise significant influence : |
· Goldy Auto Stamping (India) Private Limited |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
470000 |
Equity Shares |
INR 100/- each |
INR 47.000 Million |
|
30000 |
Preference Shares |
INR 100/- each |
INR 3.000 Million |
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Total |
|
INR 50.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
120080 |
Equity Shares |
INR 100/- each |
INR 12.008 Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
12.008 |
6.004 |
6.002 |
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(b) Reserves & Surplus |
142.380 |
105.038 |
86.433 |
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(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
154.388 |
111.042 |
92.435 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
7.915 |
11.013 |
11.068 |
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(b) Deferred tax liabilities
(Net) |
1.393 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
9.308 |
11.013 |
11.068 |
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(4) Current Liabilities |
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(a) Short term borrowings |
92.869 |
59.468 |
41.039 |
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(b) Trade payables |
45.210 |
18.982 |
27.109 |
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(c) Other current liabilities |
19.752 |
15.207 |
13.739 |
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(d) Short-term provisions |
30.612 |
20.799 |
18.230 |
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Total
Current Liabilities (4) |
188.443 |
114.456 |
100.117 |
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TOTAL |
352.139 |
236.511 |
203.620 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
157.961 |
97.793 |
89.259 |
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(ii) Intangible Assets |
0.895 |
0.663 |
0.533 |
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(iii) Capital work-in-progress |
3.356 |
3.179 |
0.382 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.180 |
3.680 |
0.180 |
|
(c) Deferred tax assets (net) |
0.000 |
0.976 |
1.156 |
|
(d) Long-term Loan and Advances |
23.380 |
17.097 |
6.700 |
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(e) Other Non-current assets |
0.488 |
0.416 |
0.196 |
|
Total
Non-Current Assets |
186.260 |
123.804 |
98.406 |
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(2) Current assets |
|
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|
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(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
66.467 |
37.912 |
43.127 |
|
(c) Trade receivables |
60.317 |
51.248 |
46.640 |
|
(d) Cash and cash equivalents |
3.596 |
5.318 |
0.455 |
|
(e) Short-term loans and
advances |
35.243 |
18.135 |
14.939 |
|
(f) Other current assets |
0.256 |
0.094 |
0.053 |
|
Total
Current Assets |
165.879 |
112.707 |
105.214 |
|
|
|
|
|
|
TOTAL |
352.139 |
236.511 |
203.620 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
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|
Income |
434.872 |
342.089 |
301.439 |
|
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Other Income |
2.903 |
0.490 |
2.167 |
|
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TOTAL
|
437.775 |
342.579 |
303.606 |
|
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Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
210.084 |
162.655 |
150.236 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.207) |
0.100 |
0.692 |
|
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Employees benefits expense |
61.768 |
56.738 |
43.485 |
|
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Other expenses |
74.610 |
59.291 |
53.164 |
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Exceptional items |
0.000 |
0.000 |
0.937 |
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TOTAL |
341.255 |
278.784 |
248.514 |
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PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
96.520 |
63.795 |
55.092 |
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|
Less |
FINANCIAL
EXPENSES |
10.303 |
8.536 |
7.844 |
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|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
86.217 |
55.259 |
47.248 |
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Less/
Add |
DEPRECIATION/
AMORTISATION |
15.164 |
14.128 |
12.512 |
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PROFIT/
(LOSS) BEFORE TAX |
71.053 |
41.131 |
34.736 |
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Less |
TAX |
24.697 |
13.678 |
11.139 |
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|
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|
PROFIT/
(LOSS) AFTER TAX |
46.356 |
27.453 |
23.597 |
|
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EARNINGS
IN FOREIGN CURRENCY |
|
|
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|
Export Sales |
55.871 |
15.858 |
17.302 |
|
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TOTAL
EARNINGS |
55.871 |
15.858 |
17.302 |
|
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IMPORTS |
|
|
|
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|
Raw Materials |
110.025 |
65.653 |
66.976 |
|
|
Components and Stores parts |
0.167 |
0.030 |
0.318 |
|
|
Capital Goods |
39.355 |
13.792 |
16.734 |
|
|
Repair and Maintenance |
0.871 |
0.246 |
0.685 |
|
|
TOTAL
IMPORTS |
150.418 |
79.721 |
84.713 |
|
|
|
|
|
|
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|
Earnings
/ (Loss) Per Share (INR) |
386.03 |
166.81 |
772.04 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
8.451 |
10.007 |
7.759 |
|
Cash (used in) / generated from operating activities |
58.653 |
48.339 |
48.339 |
|
Net Cash (used in) / generated from operating activities |
35.554 |
34.847 |
34.847 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
50.63 |
54.68 |
56.47 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.21 |
6.68 |
6.46 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
78.55 |
42.60 |
65.86 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.45 |
1.68 |
1.28 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.60 |
0.63 |
0.61 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.58 |
0.57 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.71 |
0.72 |
0.65 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.22 |
1.03 |
1.08 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.05 |
0.92 |
0.98 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
9.37 |
7.47 |
7.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
10.66 |
8.03 |
7.83 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
13.16 |
11.61 |
11.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
30.03 |
24.72 |
25.53 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.88 |
0.98 |
1.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.53 |
0.65 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.44 |
0.47 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
9.10 |
13.41 |
9.97 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.88 |
0.98 |
1.05 |
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 |
6.002 |
6.004 |
12.008 |
|
Reserves & Surplus |
86.433 |
105.038 |
142.380 |
|
Net
worth |
92.435 |
111.042 |
154.388 |
|
|
|
|
|
|
long-term borrowings |
11.068 |
11.013 |
7.915 |
|
Short term borrowings |
41.039 |
59.468 |
92.869 |
|
Current maturities of
long-term debts |
7.759 |
10.007 |
8.451 |
|
Total
borrowings |
59.866 |
80.488 |
109.235 |
|
Debt/Equity
ratio |
0.648 |
0.725 |
0.708 |
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 |
301.439 |
342.089 |
434.872 |
|
|
|
13.485 |
27.122 |
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 |
301.439 |
342.089 |
434.872 |
|
Profit |
23.597 |
27.453 |
46.356 |
|
|
7.83% |
8.03% |
10.66% |
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 |
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 |
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 |
CORPORATE INFORMATION
The company is a private company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the manufacturing and sales of automobile and engineering components, Tools, Dies, Jigs and Fixtures. The company mainly caters to Domestic Market.
BUSINESS PERFORMANCE,
FINANCIAI. REVIEW AND QPERATIONS:
The Company has been able to achieve Gross Revenue including
other income of INR 437.775 million for the financial year ended on 31.03.2017
as compared to previous year of INR 342.579 Million. The Company has earned the
Net profit of INR 46.356 million as compared to the Net Profit of INR 27.453
Million for the previous financial year.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Deferred Sales Tax Loan |
0.001 |
0.021 |
|
HDFC Bank - Mobile Loan |
0.000 |
0.006 |
|
Short-term
borrowings |
|
|
|
Loans from Shareholders/ Directors/ Family Members repayable on demand |
33.373 |
22.773 |
|
Deferred Sales Tax Loan |
0.000 |
0.098 |
|
Loans from Financials Institutions / Bank |
0.006 |
0.199 |
|
Total |
33.380 |
23.097 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G56180227 |
100127280 |
Citi Bank N.A. |
23/05/2017 |
- |
60000000.0 |
37/3 GROUND FLOOR ONYX TOWER, NORTH MAIN ROAD, KOREGAON PARK PUNE MAHARASHTRA 411001 INDIA |
|
2 |
G37973674 |
100082210 |
UNION BANK OF INDIA |
18/01/2017 |
- |
3500000.0 |
ULP NASHIK BRANCH, GR. FL. OF DR. TORNE HOSPITALOPP. SUYASH HOSPITAL, BEHIND MAHA MARG BUS STAND NASHIK MAHARASHTRA 422001 INDIA |
|
3 |
G38097101 |
10627549 |
Citi Bank N.A. |
10/09/2015 |
22/02/2017 |
10000000.0 |
FIRST INTERNATIONAL FINANCIAL CENTRE, 9TH FLOOR, PLOT NO. C-54 & 55, G-BLOCK, BKC, BANDRA (E) MUMBAI MAHARASHTRA 400051 INDIA |
|
4 |
C45605920 |
10553048 |
RELIANCE CAPITAL LTD |
28/02/2015 |
- |
10000000.0 |
"H" BLOCK 1ST FLOOR DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPAR KHAIRNE NAVI MUMBAI MAHARASHTRA 400710 INDIA |
|
5 |
B74497892 |
10423939 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
23/04/2013 |
- |
12000000.0 |
PINGLE COMPLEX, 1ST FLOOR, OPP. KULKARNI GARDEN, SHARANPUR ROAD, NASHIK MAHARASHTRA 422002 INDIA |
|
6 |
B65972127 |
10397226 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
11/01/2013 |
- |
6000000.0 |
PINGLE COMPLEX, 1ST FLOOR, OPP. KULKARNI GARDEN, SHARANPUR ROAD, NASHIK MAHARASHTRA 422002 INDIA |
|
7 |
B36135366 |
10345172 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
29/03/2012 |
- |
6000000.0 |
PINGLE COMPLEX, 1ST FLOOR, OPP. KULKARNI GARDEN, SHARANPUR ROAD, NASHIK MAHARASHTRA 422002 INDIA |
|
8 |
B13602834 |
10288549 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
03/06/2011 |
- |
3000000.0 |
FIRST FLOOR, PINGLE COMPLEXOPP. KULKARNI GARDEN, SHARANPUR ROAD NASHIK MAHARASHTRA 422002 INDIA |
|
9 |
B09020207 |
10275402 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
29/03/2011 |
- |
2800000.0 |
FIRST FLOOR, PINGLE COMPLEXOPP. KULKARNI GARDEN, SHARANPUR ROAD NASHIK MAHARASHTRA 422002 INDIA |
|
10 |
A89745699 |
10295151 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
14/06/2010 |
- |
6050000.0 |
PINGLE COMPLEX, 1ST FLOOR, OPP. KULKARNI GARDEN, SHARANPUR ROAD, NASHIK MAHARASHTRA 422002 INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Guarantees (net of expired guarantees) given by banks on behalf of the Company |
0.447 |
0.447 |
|
Demand by Deputy Commissioner of Sales Tax, Nashik for recovery of Work Contract Tax & non avaibility of Declaration Form |
0.000 |
0.056 |
|
Total |
0.447 |
0.503 |
FIXED ASSETS
· Land and Building
· Furniture and Fixture
· Office Equipments
· Plant and Equipments
· Computers
· Fact Tools and Equipments
· Vehicles
· Solar Heater
· Leasehold Land
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 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 63.84 |
|
UK Pound |
1 |
INR 88.28 |
|
Euro |
1 |
INR 77.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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.
·