|
|
|
MIRA INFORM REPORT
|
Report No. : |
486623 |
|
Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
POLMANN INDIA LIMITED (w.e.f.12.05.1999) |
|
|
|
|
Formerly Known
As : |
GREENHORN FINANCE LIMITED |
|
|
|
|
Registered
Office : |
184-B, Maker Tower-E, 18th Floor, Cuffe Parade, Mumbai –
400005, Maharashtra |
|
Tel. No.: |
91-22-40504050 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
18.06.1993 |
|
|
|
|
Com. Reg. No.: |
11-072458 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 2.500
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25111MH1993PLC072458 |
|
|
|
|
IEC No.: |
0399014098 |
|
|
|
|
GST No.: |
27AAACG1409N1ZM |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG1409N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is mainly engaged in the business of Trading of Polymers, Industrial Fibres and Fabrics, Chemicals etc. and Manufacturing of Polymer Compounds and Masterbatch. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Goo |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Polmann India Limited is engaged in the business of trading in polymers,
industrial fibres and fabrics, chemicals etc. and manufacturing of polymer
compounds and masterbatch. The company was incorporated in 1993 and is based in Mumbai,
Maharashtra. It is an established company having fine track. As per Registered of Companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but the documents related to the
financial for the year 2017 are not available from any sources. As per available financial of 2016, the company has witnessed a
healthy growth in its revenue and has achieved profit margin at 1.76%
(approx.) Available financials indicate sound financial risk profile marked by
healthy networth base along with comfortable liquidity and favorable gap
between trade payables and trade receivables. Fundamental of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payments
terms are reported as regular and as per commitment. In view of long track record and sound financial base, 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
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 DECLINED
MANAGEMENT NON-COOPERATIVE
(TEL. NO.: 91-22-40504050)
LOCATIONS
|
Registered/ Head Office : |
184-B, Maker Tower-E, 18th Floor, Cuffe Parade, Mumbai –
400005, Maharashtra, India |
|
Tel. No.: |
91-22-40504050/ 22814526/ 22814530/ 22875715/ 22154987/ 22185611 |
|
Fax No.: |
91-22-40504000/ 22185554 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.M-12, Shrirampur
MIDC, Village Khandala, Taluka
Shrirampur, |
|
|
|
|
Branch Office 1 : |
No.6-B, Gee Emerald, 312, Valluvar Kottam High Road, Mahatma Gandhi Salai, Nungambakkam Chennai – 600034, Tamilnadu, India |
|
Tel. No.: |
91-44-28238866/
67/ 69 |
|
Fax No.: |
91-44-28238868 |
|
|
|
|
Branch Office 2/ Warehouse 1 : |
M’ Floor, Infinium
Digispace, CP-15, Sector-5, Salt Lake,
Kolkata – 700091, West Bengal, India |
|
Tel. No.: |
91-33-23670026 |
|
Fax No.: |
91-33-23675125 |
|
|
|
|
Branch Office 3 : |
503, Elegance Towers, Jasola Business District, Near Apollo Hospital, New Delhi – 110025, India |
|
Tel. No.: |
91-11-40104010 |
|
|
|
|
Warehouses : |
Also located at: ·
Faridabad ·
Vadagarai ·
Bhiwandi ·
Kolkata |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vinodkumar Jagdishprasad Bhimrajka |
|
Designation : |
Director |
|
Address : |
84, Sea-Lord, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
15.06.1953 |
|
Qualification : |
MSC |
|
Date of Appointment : |
18.06.1993 |
|
PAN No.: |
AABPB7347N |
|
DIN No.: |
00339527 |
|
|
|
|
Name : |
Mr. Siddharth Ganeshprasad Bhimrajka |
|
Designation : |
Director |
|
Address : |
43-B, Jolly Maker, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
12.05.1977 |
|
Qualification : |
PGDBA |
|
Date of Appointment : |
29.09.1995 |
|
PAN No.: |
AAEPB8894M |
|
DIN No.: |
00339900 |
|
|
|
|
Name : |
Mr. Vishnukumar Jagdishprasad Bhimrajka |
|
Designation : |
Director |
|
Address : |
183, Jupiter Apartment, Cuffe Parade, Mumbai – 400 005, Maharashtra,
India |
|
Date of Birth/Age : |
07.06.1964 |
|
Qualification : |
M Com |
|
Date of Appointment : |
04.04.2006 |
|
PAN No.: |
AABPB8343J |
|
DIN No.: |
00339428 |
|
|
|
|
Name : |
Mr. Amit Ganeshprasad Bhimrajka |
|
Designation : |
Director |
|
Address : |
43-B, Jolly Maker, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1979 |
|
Qualification : |
MBA |
|
Date of Appointment : |
28.01.2002 |
|
PAN No.: |
AEZPB9587L |
|
DIN No.: |
00340002 |
|
|
|
|
Name : |
Mr. Rohan Vinod Bhimrajka |
|
Designation : |
Director |
|
Address : |
84, Sea Lord - A, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
04.08.1985 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.04.2007 |
|
PAN No.: |
AHOPB9428N |
|
DIN No.: |
00340059 |
|
|
|
|
Name : |
Mr. Rajiv Anoop Bhimrajka |
|
Designation : |
Director |
|
Address : |
184, Jupiter Apartment, Cuffe Parade, Mumbai – 400 005, Maharashtra,
India |
|
Date of Birth/Age : |
02.03.1986 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.04.2006 |
|
PAN No.: |
AHWPB8394B |
|
DIN No.: |
01739611 |
|
|
|
|
Name : |
Mr. Tanay Anoop Bhimrajka |
|
Designation : |
Director |
|
Address : |
184, Jupiter Apartment, Cuffe Parade, Mumbai – 400 005, Maharashtra,
India |
|
Date of Birth/Age : |
17.05.1994 |
|
Date of Appointment : |
30.09.2013 |
|
PAN No.: |
APBPB5379M |
|
DIN No.: |
06395263 |
|
|
|
|
Name : |
Mr. Dara Jehangir Bharucha |
|
Designation : |
Director |
|
Address : |
P-31, Cusrow Baug, S.B. Singh Road, Mumbai – 400039, Maharashtra,
India |
|
Date of Birth/Age : |
12.01.1936 |
|
Qualification : |
Rubber
Technology Engineering |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00823456 |
|
|
|
|
Name : |
Mr. Ranbir Krishan Munilall Sharma |
|
Designation : |
Director |
|
Address : |
9A, Malabar Apartments, Nepeansea Road, Mumbai - 400036, Maharashtra,
India |
|
Date of Birth/Age : |
21.01.1948 |
|
Date of Appointment : |
23.03.2015 |
|
DIN No.: |
07163325 |
|
|
|
|
Name : |
Mr. Jagmohanlal Chopra |
|
Designation : |
Director |
|
Address : |
4th Floor, 42 Tower B, Jolly Maker A, 95 96 97 Cuffe Parade Road,
Colaba, Mumbai – 400005, Maharashtra, India |
|
Date of Birth/Age : |
17.11.1933 |
|
Date of Appointment : |
04.09.2015 |
|
DIN No.: |
00901556 |
|
|
|
|
Name : |
Mr. Vasudev Krishnamurti |
|
Designation : |
Director |
|
Address : |
Flat No.601, 6th Floor, ''Riddhi'', Plot No. 288-B, Road No. 5, Chembur, Mumbai - 400071, Maharashtra, India |
|
Date of Appointment : |
31.08.2017 |
|
DIN No.: |
00567672 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rajkumari G. Bhimrajka |
|
44000 |
|
Siddharth G. Bhimrajka |
|
11000 |
|
Neha S. Bhimrajka |
|
4500 |
|
Amit G. Bhimrajka |
|
2000 |
|
Priyanka A. Bhimrajka |
|
1000 |
|
Vinodkumar J. Bhimrajka |
|
20000 |
|
Asha V. Bhimrajka |
|
20000 |
|
Rohan V. Bhimrajka |
|
17500 |
|
Vinodkumar J. Bhimrajka HUF |
|
5000 |
|
Sangeeta A. Bhimrajka |
|
20000 |
|
Rajiv A. Bhimrajka |
|
20000 |
|
Tanay A Bhimrajka |
|
17500 |
|
Anoopkumar J. Bhimrajka HUF |
|
5000 |
|
Vishnukumar J. Bhimrajka |
|
12000 |
|
Anjali V. Bhimrajka |
|
28000 |
|
Vishnukumar J. Bhimrajka HUF |
|
22500 |
|
|
|
|
|
Total |
|
250000 |
AS ON 21.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is mainly engaged in the business of Trading in of Polymers, Industrial Fibres and Fabrics, Chemicals etc. and Manufacturing of Polymer Compounds and Masterbatch. [Registered Activity] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· Citi Bank N.A. DLF Square, Jacaranda Marg, M Block, DLF City, Phase Ii, Gurgaon - 122002, Haryana, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
Financial Institution : |
First Rand Bank Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Vinod K. Mehta and Company Chartered Accountants |
|
Address : |
B-5, Satyam Shopping Centre, 2nd Floor,
Ghatkopar (East), Mumbai – 400 077, Maharashtra, India |
|
PAN
No.: |
AADFV6947N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprise over
which Key Managerial Personnel are able to exercise significant influence : |
· Bhimrajka Impex L Limited. · Jagdishprasad Vijaykumar · Saraswati Chemicals · Arunil Commerce Private Limited · Courtyard Leisure Private Limited · Bhimrajka Mader Coatings Private Limited · Vidit Polymers LLP · Bhimrajka Realty LLP · Sugee Big Projects LLP · Supol Enterprise LLP · Bhimrajka Exim LLP |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 10/- each |
INR 2.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
2.500 |
2.500 |
2.500 |
|
(b) Reserves & Surplus |
495.334 |
451.387 |
405.786 |
|
(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) |
497.834 |
453.887 |
408.286 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
76.479 |
72.314 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
31.329 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
76.479 |
72.314 |
31.329 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
347.767 |
171.184 |
56.111 |
|
(b)
Trade payables |
199.555 |
290.400 |
367.410 |
|
(c)
Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Short-term provisions |
11.883 |
8.338 |
5.945 |
|
Total
Current Liabilities (4) |
559.205 |
469.922 |
429.466 |
|
|
|
|
|
|
TOTAL |
1133.518 |
996.123 |
869.081 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
81.957 |
86.210 |
92.324 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
2.650 |
1.777 |
0.075 |
|
(d) Long-term Loan
and Advances |
2.494 |
8.371 |
6.812 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
87.101 |
96.358 |
99.211 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
362.494 |
362.333 |
309.535 |
|
(c)
Trade receivables |
575.838 |
460.665 |
408.346 |
|
(d)
Cash and cash equivalents |
18.050 |
30.153 |
22.832 |
|
(e)
Short-term loans and advances |
90.035 |
46.614 |
29.157 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1046.417 |
899.765 |
769.870 |
|
|
|
|
|
|
TOTAL |
1133.518 |
996.123 |
869.081 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2501.333 |
2065.478 |
1838.403 |
|
|
|
Other Income |
9.500 |
5.237 |
2.818 |
|
|
|
TOTAL |
2510.833 |
2070.715 |
1841.221 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
281.792 |
215.024 |
238.059 |
|
|
|
Purchases of Stock-in-Trade |
1916.429 |
1640.758 |
1338.807 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
17.908 |
(60.878) |
13.961 |
|
|
|
Employees benefits expense |
76.092 |
72.011 |
21.874 |
|
|
|
CSR expenditure |
0.532 |
0.000 |
0.000 |
|
|
|
Exceptional items |
(0.504) |
(0.206) |
(0.161) |
|
|
|
Other expenses |
119.260 |
100.126 |
147.128 |
|
|
|
TOTAL |
2411.509 |
1966.835 |
1759.668 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
99.324 |
103.880 |
81.553 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
19.656 |
16.171 |
12.64 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
79.668 |
87.709 |
68.913 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.594 |
18.184 |
13.621 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
66.074 |
69.525 |
55.292 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
22.127 |
23.298 |
18.544 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
43.947 |
46.227 |
36.748 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1720.753 |
1448.531 |
1262.962 |
|
|
|
Capital Goods |
0.576 |
0.687 |
10.859 |
|
|
TOTAL IMPORTS |
1721.329 |
1449.218 |
1273.821 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
175.79 |
184.91 |
142.31 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
10.199 |
5.590 |
196.727 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
10.199 |
5.590 |
196.727 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
84.03 |
81.41 |
81.07 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.34 |
4.48 |
4.50 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
33.13 |
57.12 |
85.05 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.27 |
0.29 |
0.26 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.21 |
1.20 |
0.88 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.56 |
0.54 |
0.49 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.85 |
0.54 |
0.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.12 |
1.04 |
1.05 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.16 |
0.19 |
0.23 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.05 |
6.42 |
6.45 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.76 |
2.24 |
2.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.88 |
4.64 |
4.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.83 |
10.18 |
9.00 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.87 |
1.91 |
1.79 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.22 |
1.14 |
1.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.44 |
0.46 |
0.47 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
169.70 |
97.40 |
22.44 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.87 |
1.91 |
1.79 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in Indian Rupees 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 |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
405.786 |
451.387 |
495.334 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
408.286 |
453.887 |
497.834 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
72.314 |
76.479 |
|
Short term borrowings |
56.111 |
171.184 |
347.767 |
|
Total
borrowings |
56.111 |
243.498 |
424.246 |
|
Debt/Equity
ratio |
0.137 |
0.536 |
0.852 |
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 |
1838.403 |
2065.478 |
2501.333 |
|
|
|
12.352 |
21.102 |
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 |
1838.403 |
2065.478 |
2501.333 |
|
Profit |
36.748 |
46.227 |
43.947 |
|
|
2.00% |
2.24% |
1.76% |
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 |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C13606603 |
10511097 |
HDFC BANK LIMITED |
12/07/2014 |
- |
- |
50000000.0 |
HDFC BANK HOUSE SENAPATI
BAPAT MARGLOWER PAREL WESTMUMBAIMH400013IN |
|
2 |
G46170080 |
10137017 |
CITI BANK N.A. |
11/11/2008 |
30/03/2017 |
- |
400000000.0 |
FIRST
INTERNATIONAL FINANCIAL CENTRE,9TH FLOORPLOT NO. C-54 & 55, BKC, BANDRA
(E)MUMBAIMH400051IN |
|
3 |
G36429504 |
100050672 |
FIRSTRAND BANK
LIMITED |
27/07/2016 |
- |
09/02/2017 |
60000000.0 |
5TH FLOOR, TCG
FINANCIAL CENTRE, C 59 G BLOCK, BKCMUMBAIMH400051IN |
|
4 |
A78001443 |
90159536 |
JANATA SAHAKARI
BANK LTD. |
17/06/1996 |
- |
02/02/2010 |
191000.0 |
DECCAN
CHAMBERS196; JSS ROAD; GOREGAONMUMBAIMH400004IN |
|
5 |
A58929936 |
90160009 |
CENTRAL BANK OF
INDIAA |
21/03/2001 |
09/12/2003 |
18/02/2009 |
30000000.0 |
NARIMAN POINT
BRANCHCHANDRAMUKHI; NARIMAN POINTMUMBAIMH400021IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other loans and advances, others |
76.479 |
72.314 |
|
|
|
|
|
Total |
76.479 |
72.314 |
CHANGE OF ADDRESS:
Registered address of the company has been shifted from 708, Maker
Chambers, Nariman Point, Mumbai - 400021, Maharashtra, India to the present
address w.e.f 22.06.2009.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
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 records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.98 |
|
UK Pound |
1 |
INR 88.13 |
|
Euro |
1 |
INR 78.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
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.