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%20PRIVATE%20LIMITED%20-%20486539%2018-Jan-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20486539%2018-Jan-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20486539%2018-Jan-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
486539 |
|
Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAKATA INX (INDIA) PRIVATE LIMITED (w.e.f. 18.03.2015) |
|
|
|
|
Formerly Known
As : |
SAKATA INX (INDIA) LIMITED MONTARI SAKATA INX LIMITED MONTARI INKS LIMITED |
|
|
|
|
Registered
Office : |
B – 1245-46, RIICO Industrial Area, Ghatal, Bhilwadi – 301019,
Rajasthan |
|
Tel. No.: |
91-1493-222908/ 515900 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2016 |
|
|
|
|
Date of
Incorporation : |
02.05.1994 |
|
|
|
|
Com. Reg. No.: |
17-008294 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 583.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24117RJ1994PTC008294 |
|
|
|
|
IEC No.: |
0597056404 |
|
|
|
|
GSTIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JPRS04836G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS4797D |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing and selling of packaging and printing inks and polyurethane resins. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 4400000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is a subsidiary of “Sakata Inx Corporation”, Japan and was
incorporated on 02nd May 1994. The company is engaged in manufacturing of printing inks. Its products
include liquid printing inks for flexographic printing process, offset inks
for sheet fed and web offset printing and accessories, ultra violet varnishes
and ultra violet sheet fed inks. Management has not filed its financial record with government
department for the year 2017 and same are not available from any other
sources. Rating takes into consideration company’s sound operating efficiencies
supported by its satisfactory financial base along with adequate net worth
base and healthy debt coverage indicators. Rating also takes into account of strong financial and managerial
support that company receives from its parent entity and its well experience
management team. However, rating strength partially offset by vulnerability of its
operating margins to volatility in raw material prices and working capital
intensive operations. Business is active. Payments are reported to be regular and as per
commitment. Trade relations are reported as fair. Payments are reported to be
regular and as per commitment. In view of aforesaid, the company can be considered good for normal
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.
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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
Reception (91-22-26525170)
(91-1493-222908) Continuously
Ringing
LOCATIONS
|
Registered Office/ Factory 1: |
B – 1245-46, RIICO Industrial Area, Ghatal, Bhilwadi – 301019, |
|
Tel. No.: |
91-1493-222908/ 515900 |
|
Fax No.: |
91-1493-223308/ 515909 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office: |
D-17, Infocity II, Sector – 33, Gurugram – 122001, |
|
Tel No.: |
91-124-4803300/ 2372008 |
|
Fax: |
91-124-2372009 |
|
E-mail: |
|
|
|
|
|
Factory 2: |
U-2, Panoli Industrial Estate, District Bharuch Panoli - 394116,
Gujarat, India |
|
Tel No.: |
91-2646-272970-73 |
|
Fax: |
91-2646-272115 |
|
E-mail: |
|
|
|
|
|
Branch Office 1: |
Dani Corporate Park, 158, |
|
Tel No.: |
91-22-26525170/ 26526772/ 26528013 |
|
Fax: |
91-22-26542044 |
|
Email : |
|
|
|
|
|
Branch Office 2: |
608, Ashoka Bhoopal Chambers, Sardar Patel Road, Secunderabad – 500003, India |
|
Tel No.: |
91-40-27846016/ 27846017 |
|
Fax: |
91-40-27846017 |
|
Email : |
DIRECTORS
AS ON 23.01.2017
|
Name : |
Mr. Vijay Kumar Seth |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
E-46, South City -1, Gurugram – 122001, Haryana, India |
||||||||
|
Date of Birth/Age : |
15.10.1953 |
||||||||
|
Qualification: |
B.Sc., Chemical Engineering |
||||||||
|
Date of Appointment : |
01.04.2012 |
||||||||
|
PAN No.: |
AAAPS1202Q |
||||||||
|
Voter ID No: |
DL-02-006-198387 |
||||||||
|
DIN No: |
00685877 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Amrit Lal Garg |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
House No. 417, Sector 28, Faridabad - 121008, Haryana, India |
||||||||
|
Date of Birth/Age : |
25.14.1952 |
||||||||
|
Qualification: |
BSC, Chemical Engineer |
||||||||
|
Date of Appointment : |
30.11.2011 |
||||||||
|
DIN No: |
00152990 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Toshihiko Fukunaga |
||||||||
|
Designation : |
Additional Director |
||||||||
|
Address : |
2-20-6 Oiwakeminami, Kusatsu Shiga 5200034 Japan |
||||||||
|
Date of Birth/Age : |
26.03.1961 |
||||||||
|
Qualification: |
Bachelor of Laws |
||||||||
|
Date of Appointment : |
18.07.2016 |
||||||||
|
DIN No: |
07563589 |
||||||||
KEY EXECUTIVES
|
Name : |
M. Sancheti and Associates |
|
Designation : |
Company Secretary |
|
Address : |
C-54-A/3, Lal Kothi Marg, Ciwar Area, Bapu Nagar, Jaipur – 302015,
Rajasthan, India |
|
|
|
|
Name : |
Pankaj Kumar Mundra |
|
Designation : |
Company Secretary |
|
Address : |
11/69, 1st Floor, Vikram Vihar, Lajpat Nagar-4, New Delhi-110026, India |
|
Date of Appointment : |
18.12.2015 |
|
PAN No.: |
AHSPM4724E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.12.2015
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Sakata Inx Corporation, Japan |
58299300 |
100.00 |
|
Vijay Kumar Seth |
100 |
0.00 |
|
Raakesh Datta |
100 |
0.00 |
|
Ranbir Singh Panesar |
100 |
0.00 |
|
Sunil Kumar Chhabra |
100 |
0.00 |
|
Sushil Gupta |
100 |
0.00 |
|
Harish Chaunwal |
100 |
0.00 |
|
Mukesh Tarani |
100 |
0.00 |
|
|
|
|
|
Total |
58300000 |
100.00 |
AS ON 22.01.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters
– Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20486539%2018-Jan-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing and selling of packaging and printing inks and polyurethane resins. [Registered Activity] |
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Products : |
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||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
||||
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||||
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Exports : |
Not Divulged |
||||
|
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|
||||
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Imports : |
Not Divulged |
||||
|
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|
||||
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||
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|
||||||||||||||
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Customers : |
|
||||||||||||||
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||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||
|
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|
||||||||||||||
|
Bankers : |
9th Floor, Nehru Center, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai -400015, Maharashtra, India
Sansad Marg, New Delhi, Delhi, India · Bank of Tokyo - Mitsubishi 3, Parliament Street, New Delhi, Delhi, India
Dr. Gopal Das Bhawan, 28, Barakhamba Road, New Delhi - 110001, India |
||||||||||||||
|
|
|
||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company L.L.P. Chartered Accountants |
|
Address : |
Golf View, Corporate Tower B, Sector 42, Gurugram-122002, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACHFS9180N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: |
Sakata Inx Corporation, Japan |
|
|
|
|
Fellow Subsidiary
company |
|
CAPITAL STRUCTURE
AS ON 31.12.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000000 |
Equity Share |
INR 10/- each |
INR 600.000 Million |
|
100000 |
Preference Shares |
INR 100/- each |
INR 10.000 Million |
|
|
Total |
|
INR 610.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
58300000 |
Equity Share |
INR 10/- each |
INR 583.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2016 [12 Months] |
31.12.2015 [9 Months] |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
583.000 |
583.000 |
583.000 |
|
(b) Reserves and Surplus |
1535.742 |
1253.462 |
981.602 |
|
(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) |
2118.742 |
1836.462 |
1564.602 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
56.625 |
165.825 |
260.791 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
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 |
|
Total Non-current
Liabilities (3) |
56.625 |
165.825 |
260.791 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
25.502 |
112.878 |
|
(b) Trade
payables |
436.229 |
451.828 |
316.830 |
|
(c) Other
current liabilities |
258.113 |
258.438 |
189.317 |
|
(d) Short-term
provisions |
148.858 |
132.363 |
63.740 |
|
Total Current
Liabilities (4) |
843.200 |
868.131 |
682.765 |
|
|
|
|
|
|
TOTAL |
3018.567 |
2870.418 |
2508.158 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
649.444 |
603.367 |
617.128 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
1.848 |
18.316 |
0.545 |
|
(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) |
79.798 |
66.302 |
33.246 |
|
(d)
Long-term loans and advances |
25.242 |
43.359 |
34.900 |
|
(e) Other
Non-current assets |
18.480 |
25.375 |
0.000 |
|
Total Non-Current
Assets |
774.812 |
756.719 |
685.819 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
100.000 |
100.749 |
0.000 |
|
(b)
Inventories |
548.389 |
453.256 |
432.209 |
|
(c) Trade
receivables |
1132.979 |
1087.216 |
1033.267 |
|
(d) Cash and
bank balances |
384.955 |
398.266 |
273.949 |
|
(e)
Short-term loans and advances |
49.943 |
66.524 |
76.359 |
|
(f) Other
current assets |
27.489 |
7.688 |
6.555 |
|
Total
Current Assets |
2243.755 |
2113.699 |
1822.339 |
|
|
|
|
|
|
TOTAL |
3018.567 |
2870.418 |
2508.158 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2016 [12 Months] |
31.12.2015 [9 Months] |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
5081.483 |
3841.670 |
4616.682 |
|
|
Other Income |
63.574 |
46.015 |
40.535 |
|
|
TOTAL (A) |
5145.057 |
3887.685 |
4657.217 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3491.881 |
2644.260 |
3403.213 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(51.288) |
20.060 |
22.043 |
|
|
Employee benefit expense |
613.296 |
384.369 |
409.472 |
|
|
Other expenses |
508.638 |
344.762 |
414.762 |
|
|
TOTAL (B) |
4562.527 |
3393.451 |
4249.490 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
582.530 |
494.234 |
407.727 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
26.993 |
22.986 |
37.933 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
555.537 |
471.248 |
369.794 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
127.650 |
81.419 |
119.922 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
427.887 |
389.829 |
249.872 |
|
|
|
|
|
|
|
Less |
TAX (H) |
144.875 |
127.768 |
79.995 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
283.012 |
262.061 |
169.877 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
757.966 |
664.538 |
701.176 |
|
|
TOTAL EARNINGS |
757.966 |
664.538 |
701.176 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1160.621 |
838.821 |
940.243 |
|
|
Chemicals/ Consumables |
19.925 |
13.019 |
9.700 |
|
|
Capital Goods |
41.460 |
34.236 |
10.214 |
|
|
TOTAL IMPORTS |
1222.006 |
886.076 |
960.157 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.85 |
4.50 |
2.91 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2016 [12 Months] |
31.12.2015 [9 Months] |
31.03.2015 |
|
Current Maturities of Long term debt |
113.250 |
110.550 |
52.158 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
431.968 |
801.714 |
419.938 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
259.194 |
669.262 |
313.714 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.12.2016 [12 Months] |
31.12.2015 [9 Months] |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
81.38 |
103.30 |
81.69 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.49 |
3.53 |
4.47 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
45.60 |
62.37 |
33.98 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.06 |
1.09 |
0.94 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.89 |
0.79 |
0.66 |
LEVERAGE RATIOS
|
PARTICULARS |
31.12.2016 [12 Months] |
31.12.2015 [9 Months] |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.34 |
0.40 |
0.40 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.08 |
0.16 |
0.27 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.40 |
0.47 |
0.44 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.31 |
0.34 |
0.39 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
21.58 |
21.50 |
10.75 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.12.2016 [12 Months] |
31.12.2015 [9 Months] |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.57 |
6.82 |
3.68 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.38 |
9.13 |
6.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
13.36 |
14.27 |
10.86 |
SOLVENCY RATIOS
|
PARTICULARS |
31.12.2016 [12 Months] |
31.12.2015 [9 Months] |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.66 |
2.43 |
2.67 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.01 |
1.91 |
2.04 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.70 |
0.64 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.29 |
0.52 |
0.73 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.66 |
2.43 |
2.67 |
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 |
31.12.2015 |
31.12.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
583.000 |
583.000 |
583.000 |
|
Reserves & Surplus |
981.602 |
1253.462 |
1535.742 |
|
Net
worth |
1564.602 |
1836.462 |
2118.742 |
|
|
|
|
|
|
Long-term borrowings |
260.791 |
165.825 |
56.625 |
|
Short term borrowings |
112.878 |
25.502 |
0.000 |
|
Current maturities of
long-term debts |
52.158 |
110.550 |
113.250 |
|
Total
borrowings |
425.827 |
301.877 |
169.875 |
|
Debt/Equity
ratio |
0.272 |
0.164 |
0.080 |
%20PRIVATE%20LIMITED%20-%20486539%2018-Jan-2018_files/image022.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.12.2015 |
31.12.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4616.682 |
3841.670 |
5081.483 |
|
|
|
(16.787) |
32.273 |
%20PRIVATE%20LIMITED%20-%20486539%2018-Jan-2018_files/image024.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.12.2015 |
31.12.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4616.682 |
3841.670 |
5081.483 |
|
Profit/ (Loss) |
169.877 |
262.061 |
283.012 |
|
|
3.68
% |
6.82
% |
5.57
% |
%20PRIVATE%20LIMITED%20-%20486539%2018-Jan-2018_files/image026.gif)
LEGALS
FILE
|
DISTRICT AND SESSIONS COURT, GURGAON |
||||||
|
Case Details |
||||||
|
Case Type: CRR |
||||||
|
CASE STATUS |
||||||
|
First Hearing
Date: 15th December 2017 |
||||||
|
PETITIONER AND ADVOCATE |
||||||
|
1) EDEN HI-TECH FILMS
PRIVATE LIMITED |
||||||
|
RESPONDENT AND ADVOCATE M/S SAKATA INX (INDIA) LIMITED |
||||||
|
ACTS |
||||||
Police
Station: DLF Phase II |
||||||
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 |
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 |
Yes |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BRIEF DESCRIPTION OF THE
COMPANY'S WORKING DURING THE YEAR/STATE OF COMPANY'S AFFAIR
The company has produced 29379 tons during 12 month (Last year 21193 tons, for 9 months period) and sold 27636 tons during 12 months (Last year 20164 tons, for 9 months period) of printing inks during the year. During the year under review, the company has posted growth of 4 % in sales quantity on annualized basis.
EXPORT
During the year, company has done export of INR 797.000 Million (Last year INR 69.000 million. For 9 Months period). Company continues to strengthen its presence in various overseas markets. Few new export markets are targeted during the year.
OUTLOOK FOR THE
CURRENT YEAR
The company is optimistic about the future and it plans to increase its presence geographically both in domestic and overseas markets. C and F Agent is established during the year to cater the highly potential west market for sheet fed ink.
CORPORATE INFORMATION
Subject the Company is a 100% subsidiary of Sakata Inx Corporation, Japan and is engaged in the business of manufacturing and selling of packaging and printing inks and polyurethane resins.
To align the financial reporting period with its holding Company, i.e., Sakata Inx Corporation, Japan, the Company had changed its reporting period from April 1st to March 31st to January 1st to December 31st after the approval of competent authority in the previous financial year. In view of this, financial statements for the current financial year prepared for twelve months (January 1st 2016 to December 31st 2016) and previous financial year prepared for nine months (April 1st 2015 to December 31st, 2015) are not comparable.
UNSECURED LOAN
|
PARTICULARS |
31.12.2016 [12 Months] (INR In Million) |
31.12.2015 [9 Months] (INR In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Term loans from banks |
56.625 |
165.825 |
|
Total |
56.625 |
165.825 |
INDEX OF CAHREGS:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C66858119 |
10535473 |
YES BANK LIMITED |
23/04/2014 |
24/09/2015 |
- |
20000000.0 |
9th Floor, Nehru Center, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400015, Maharashtra, India |
|
2 |
C34060368 |
10015159 |
THE BANK OF NOVA SCOTIA |
25/08/2006 |
- |
05/11/2014 |
100000000.0 |
DR. GOPAL DAS BHAWAN, 28, BARAKHAMBA ROAD, NEW DELHI-110001, INDIA |
|
3 |
B96560578 |
90071553 |
Standard Chartered Bank |
19/09/2005 |
- |
12/02/2014 |
120000000.0 |
SANSAD MARG, NEW DELHI, INDIA |
|
4 |
B94163839 |
90066911 |
BANK OF TOKYO - MITSUBISHI |
06/05/1999 |
01/08/2000 |
03/01/2014 |
30000000.0 |
3, PARLIAMENT STREET, NEW DELHI, INDIA |
|
5 |
B94088531 |
90066851 |
U.F.C. BANK LTD. |
05/10/1998 |
18/07/2002 |
03/01/2014 |
30000000.0 |
UPPER GROUND FLOOR, MERCANTILE HOUSE, 15, K.G. MARG, NEW DELHI, INDIA |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
· Office Equipment
· Computer Equipments
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 : |
SVD |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.