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|
MIRA INFORM REPORT
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Report No. : |
486876 |
|
Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
NOBEL HYGIENE
PRIVATE LIMITED (w.e.f. 23.12.2013) |
|
|
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|
Formerly Known
As : |
NOBEL HYGIENE LIMITED (w.e.f. 01.01.2010) NOBEL HYGIENE PRIVATE LIMITED |
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Registered
Office : |
House No. L-20, Housing Board Colony, Upasnagar, Sancoale, Vasco Da
Gama – 403726, Goa |
|
Tel. No.: |
91-832-2556861 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
13.11.2001 |
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Com. Reg. No.: |
24-003048 |
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Capital
Investment / Paid-up Capital : |
INR 121.969 Million |
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CIN No.: [Company Identification
No.] |
U24239GA2001PTC003048 |
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IEC No.: |
0302021931 |
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GSTIN/UIN: |
30AABCN5081A1Z6 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCN5081A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of manufacturing, exporting and trading of diapers, underpads and other related products and also importing of raw materials. (Registered Activity and also Confirmed by management) |
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No. of Employees
: |
287 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2001 and is a manufacturing, exporting and trading of diapers, underpads and other related products and also importing of raw materials. As per financials of March 2017, the company has registered a growth
of 28.67% in its revenue from its previous year’s revenue and has reported
minimal profit margin of 0.72%. Rating takes into consideration the company’s established track record
of business operations marked by sound net worth base long with comfortable
debt coverage indicators and decent liquidity position. Rating also takes into account the extensive experience of the
promoter in FMCG industry along with vast distribution network in India and
expanding presence in the export market. However, the rating strength is partially offset by presence in the
highly competitive and price sensitive FMCG category with competition from
large international players and working capital-intensive nature of business.
Payments terms are reported to be usually correct. In view of aforesaid, the company can be considered for business
dealings 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 |
CARE |
|
Rating |
Long term rating: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
08.03.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating: A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
08.03.2017 |
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 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 PARTED BY
|
Name : |
Mr. Prakash Tarawat |
|
Designation : |
Deputy General Manager (Accounts and Finance) |
|
Contact No.: |
91-22-42121314 |
|
Date : |
18.01.2018 |
LOCATIONS
|
Registered Office : |
House No. L-20, Housing Board Colony, Upasnagar, Sancoale, Vasco Da
Gama – 403726, Goa, India |
|
Tel. No.: |
91-832-2556861-832/ 42121314 |
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Fax No.: |
91-832-2556861 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Locality : |
Residential |
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Corporate Office: |
Unit No. 204, Thakur House (Antariksh), |
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Tel. No.: |
91-22-42121314/ 32427985 |
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E-Mail : |
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Area : |
2000 sq. ft. |
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Location : |
Rented |
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Locality : |
Commercial |
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Factory : |
A–70, MIDC, Sinnar, District: Nashik
– 422103, Maharashtra India |
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Area : |
4 Acres |
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Location : |
Rented |
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Locality : |
Industrial |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Kamal Manohardas Johari |
|
Designation : |
Managing Director |
|
Address : |
101, Sunflower Building, Thakkarpark, Aram Socrd, Vakola, Santacruz
(East), Mumbai - 400 055, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1960 |
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Date of Appointment : |
16.07.2012 |
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PAN No.: |
AADPJ5450A |
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DIN No.: |
00785082 |
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|
|
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Name : |
Mrs. Kamini Kamal Johari |
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Designation : |
Director |
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Address : |
101, Sunflower Building, Thakkarpark, Aram Socrd, Vakola, Santacruz
(East), Mumbai - 400 055, Maharashtra, India |
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Date of Birth/Age : |
10.02.1962 |
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Date of Appointment : |
16.07.2012 |
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PAN No.: |
AADPJ5451B |
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DIN No.: |
01309286 |
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|
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Name : |
Mr. Manish Dharanendra Ladage |
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Designation : |
Directors |
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Address : |
Row No. 18, Vasant Vihar, Pokharan Road No. 2, Thane (West), Mumbai - 400601,
Maharashtra, India |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
00082178 |
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|
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Name : |
Mr. Bhupal Singh Verdia |
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Designation : |
Director |
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Address : |
17 Mani Vikas, T. H. Kataria Marg, Matunga Road, Mumbai - 400016, Maharashtra,
India |
|
Date of Appointment : |
29.09.2012 |
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DIN No.: |
02258522 |
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|
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Name : |
Mr. Nilesh Bansilal |
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Designation : |
Director |
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Address : |
203, Tulsi Villa, Poddar Road, Santacruz (West), Mumbai - 400054,
Maharashtra, India |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
00199071 |
KEY EXECUTIVES
|
Name : |
Mr. Prakash Tarawat |
|
Designation : |
Deputy General Manager (Accounts and Finance) |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
15.50 |
|
Promoters- Body corporate |
27.25 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
9.03 |
|
Public/Other than promoters- Individual/Hindu Undivided Family -Non-resident Indian (NRI) |
10.16 |
|
Public/Other than promoters - Body corporate |
9.60 |
|
Public/Other than promoters- Others |
28.46 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing, exporting and trading of diapers, underpads and other related products and also importing of raw materials. (Registered Activity and also Confirmed by management) |
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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 : |
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Products : |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, L/C, Cheque and Credit (30/ 60 Days) |
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Purchasing : |
Cash, L/C, Cheque and Credit (30/ 60 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
287 (Approximately) |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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Name : |
B S R and Company LLP Chartered Accountants |
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Address : |
5th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFB9852F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
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CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14371428 |
Equity Shares |
INR 10/- each |
INR 143.714 Million |
|
3564286 |
Preference Shares |
INR 20/- each |
INR 71.286 Million |
|
|
|
|
INR 215.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12196885 |
Equity Shares |
INR 10/- each |
INR 121.969
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 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
121.969 |
121.969 |
121.969 |
|
(b) Reserves and Surplus |
1018.792 |
1003.841 |
942.173 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1140.761 |
1125.810 |
1064.142 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
224.158 |
291.901 |
188.937 |
|
(b) Deferred tax liabilities (Net) |
94.935 |
86.530 |
79.881 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
8.203 |
4.830 |
2.744 |
|
Total Non-current
Liabilities (3) |
327.296 |
383.261 |
271.562 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
462.295 |
420.356 |
270.014 |
|
(b) Trade
payables |
340.404 |
344.123 |
231.473 |
|
(c) Other
current liabilities |
216.214 |
220.274 |
194.437 |
|
(d) Short-term
provisions |
7.221 |
18.223 |
21.968 |
|
Total Current
Liabilities (4) |
1026.134 |
1002.976 |
717.892 |
|
|
|
|
|
|
TOTAL |
2494.191 |
2512.047 |
2053.596 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1118.448 |
1129.807 |
883.109 |
|
(ii)
Intangible Assets |
2.804 |
5.499 |
6.435 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
4.455 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.555 |
9.723 |
43.801 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
78.494 |
56.512 |
98.856 |
|
(e) Other
Non-current assets |
0.495 |
7.256 |
6.782 |
|
Total Non-Current
Assets |
1209.796 |
1213.252 |
1038.983 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
404.762 |
386.669 |
439.161 |
|
(c) Trade
receivables |
599.709 |
518.074 |
315.896 |
|
(d) Cash and
bank balances |
110.175 |
158.815 |
25.854 |
|
(e)
Short-term loans and advances |
168.546 |
222.182 |
233.064 |
|
(f) Other
current assets |
1.203 |
13.055 |
0.638 |
|
Total
Current Assets |
1284.395 |
1298.795 |
1014.613 |
|
|
|
|
|
|
TOTAL |
2494.191 |
2512.047 |
2053.596 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2064.488 |
1604.528 |
1299.247 |
|
|
Other Income |
15.583 |
4.045 |
4.006 |
|
|
TOTAL |
2080.071 |
1608.573 |
1303.253 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
891.295 |
680.495 |
795.240 |
|
|
Purchases of
Stock-in-Trade |
478.525 |
287.677 |
112.359 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
32.911 |
47.847 |
(117.188) |
|
|
Employee benefit expense |
152.757 |
125.782 |
87.617 |
|
|
CSR expenditure |
1.045 |
0.000 |
0.000 |
|
|
Other expenses |
366.462 |
278.128 |
220.539 |
|
|
TOTAL |
1922.995 |
1419.929 |
1098.567 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
157.076 |
188.644 |
204.686 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
65.771 |
66.408 |
56.661 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
91.305 |
122.236 |
148.025 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
67.491 |
53.866 |
43.585 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
23.814 |
68.370 |
104.440 |
|
|
|
|
|
|
|
Less |
TAX |
8.862 |
6.702 |
29.344 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
14.952 |
61.668 |
75.096 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
46.825 |
6.164 |
9.094 |
|
|
TOTAL EARNINGS |
46.825 |
6.164 |
9.094 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials and Finished
Products |
537.520 |
343.606 |
466.371 |
|
|
Consumable Stores |
3.825 |
1.730 |
0.000 |
|
|
Capital Goods |
4.450 |
226.534 |
0.000 |
|
|
Foreign Travels |
3.650 |
2.558 |
4.822 |
|
|
TOTAL IMPORTS |
549.445 |
574.428 |
471.193 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.226 |
5.056 |
6.157 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
69.168 |
74.072 |
90.423 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
108.110 |
168.172 |
57.075 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
90.271 |
146.332 |
(6.137) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
106.03 |
117.85 |
88.75 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.44 |
3.10 |
4.11 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
90.70 |
129.73 |
93.09 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.39 |
0.49 |
0.47 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.14 |
0.17 |
0.23 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.53 |
0.54 |
0.49 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.66 |
0.70 |
0.52 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.90 |
0.89 |
0.67 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.98 |
1.01 |
0.84 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.39 |
2.84 |
3.61 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.72 |
3.84 |
5.78 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.60 |
2.45 |
3.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.31 |
5.48 |
7.06 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.25 |
1.29 |
1.41 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.86 |
0.91 |
0.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.46 |
0.45 |
0.52 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.20 |
6.45 |
4.50 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.25 |
1.29 |
1.41 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
121.969 |
121.969 |
121.969 |
|
Reserves & Surplus |
942.173 |
1003.841 |
1018.792 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1064.142 |
1125.810 |
1140.761 |
|
|
|
|
|
|
Long-term borrowings |
188.937 |
291.901 |
224.158 |
|
Short term borrowings |
270.014 |
420.356 |
462.295 |
|
Current maturities of
long-term debts |
90.423 |
74.072 |
69.168 |
|
Total
borrowings |
549.374 |
786.329 |
755.621 |
|
Debt/Equity
ratio |
0.516 |
0.698 |
0.662 |
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 |
1299.247 |
1604.528 |
2064.488 |
|
|
|
23.497 |
28.666 |
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 |
1299.247 |
1604.528 |
2064.488 |
|
Profit/ (Loss) |
75.096 |
61.668 |
14.952 |
|
|
5.78
% |
3.84
% |
0.72
% |
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 |
Yes |
|
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from D2 16, Sancoale, Zuari Nagar, Goa – 403726, India to the present address w.e.f. 28.09.2013
COMPANY OVERVIEW
The Company is a private limited company. The Company was incorporated on 13 November 2001 and is engaged in the business of manufacturing and trading of diapers, underpads and other related products.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Other loans and advances, others |
27.590 |
23.577 |
|
Total |
27.590 |
23.577 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G73454670 |
100146546 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
14/12/2017 |
- |
- |
1851000.0 |
RASEC BRANCH, 50,
LAXMAN ZULLA,RANADE ROAD, DADAR (WEST)MUMBAIMH400028IN |
|
2 |
G57360224 |
100128925 |
AXIS BANK LIMITED |
07/06/2017 |
- |
- |
370000000.0 |
CORPOROLE CREDIL SERVICE
UNLT (CCSU) ANDHERL ,VILE PARLE (W),SENORILO, PLOT NO I L,GULMOHOR
ROODMUMBAIMH400049IN |
|
3 |
G42870774 |
100094872 |
THE SARASWAT
CO-OP. BANK LIMITED |
27/03/2017 |
- |
- |
2140000.0 |
RASEC DADAR BRANCH,50,
LAXMAN ZULLA,1ST FOOR, RANADE ROAD, DADAR (WEST),MUMBAIMH400028IN |
|
4 |
G02399814 |
100023127 |
THE SARASWAT
CO-OP. BANK LIMITED |
21/03/2016 |
- |
- |
1579000.0 |
RASEC DADAR BRANCH,50,LAXMAN
ZULLA,1ST FLOOR, RANADE ROAD, DADAR(WEST),MUMBAIMH400028IN |
|
5 |
G39952700 |
10603176 |
STATE BANK OF
INDIA |
02/11/2015 |
10/03/2017 |
- |
894700000.0 |
SEEPZ BRANCH, NEW
BANK BUILDINGANDHERI(EAST)MUMBAIMH400096IN |
|
6 |
C56633894 |
10575355 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED. |
30/03/2015 |
- |
- |
617000.0 |
RASEC BRANCH
DADAR, LAXMAN ZULLA, 1ST FLOOR50, RANADE ROAD, DADAR, (W)MUMBAIMH400028IN |
|
7 |
C56613029 |
10575263 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED. |
30/03/2015 |
- |
- |
617000.0 |
RASEC BRANCH
DADAR, LAXMAN ZULLA, 1ST FLOOR50, RANADE ROAD, DADAR, (W)MUMBAIMH400028IN |
|
8 |
C56612211 |
10575261 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED. |
30/03/2015 |
- |
- |
617000.0 |
RASEC BRANCH DADAR,
LAXMAN ZULLA, 1ST FLOOR50, RANADE ROAD, DADAR, (W)MUMBAIMH400028IN |
|
9 |
Y10148147 |
90065627 |
STATE BANK OF
INDIA |
01/01/2003 |
- |
- |
3000000.0 |
COMMERCIAL
BRANCHCHEMBURMUMBAIMH400071IN |
|
10 |
G46263703 |
10145181 |
STATE BANK OF
INDIA |
30/01/2009 |
21/09/2015 |
02/06/2017 |
785700000.0 |
MIDC, ANDHERI
(EAST) BRANCH, MAROL,CENTRAL ROAD, ANDHERI (EAST),MUMBAIMH400093IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Computer software
- Copyrights
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 63.98 |
|
|
1 |
INR 88.13 |
|
Euro |
1 |
INR 78.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
YES |
|
--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.