|
|
|
MIRA INFORM REPORT
|
Report No. : |
485125 |
|
Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
STRAWBERRY CERAMIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 476, At. Sapar, Morbi - Jetpar Road, Taluka and District: Morbi – 363630, Gujarat |
|
Mobile No.: |
91-9099999552 (Mr. Mehul Patel) 91-9099999554 (Mr. Praful Patel) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
11.07.2013 |
|
|
|
|
Com. Reg. No.: |
04-075996 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 31.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26914GJ2013PTC075996 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AATCS3762R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of ceramic tiles. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 86000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2013. It is a manufacturer of all
types of Ceramic part used in machineries including Power Packing items and
Sanitary Wares. For the financial year 2017, the company has achieved 38.13% growth in
its revenue as compared to previous year revenue and has reported average
profit margin of 1.63%. The moderate financial profile of the company is marked by negative
reserve base along with negligible debt level. Payments are reported to be slow. In view of aforesaid, the company can be considered for business
dealings with some caution. |
NOTES : Any query related to this
report can be made on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating B+ |
|
Rating Explanation |
Risk prone credit quality and carries very high credit risk. |
|
Date |
10.11.2016 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
10.11.2016 |
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 : |
Mr. Mehul Patel |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9099999552 |
|
Name : |
Mr. Praful Patel |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9099999554 |
|
Name : |
Mr. Pritesh Patel |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9099999553 |
|
Date : |
12.01.2018 |
LOCATIONS
|
Registered Office : |
Survey No. 476, At. Sapar, Morbi - Jetpar Road, Taluka and District: Morbi – 363630, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9099999552 (Mr. Mehul Patel) 91-9099999554 (Mr. Praful Patel) 91-9099999553 (Mr. Pritesh Patel) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
www.strawberryceramic.com |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rajeshbhai Shivjibhai Savsani |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
Chitrakut Society, Street No. 2, Near GIDC, Shanala Road, Morbi -363641, Gujarat, India |
||||||||||||
|
Date of Appointment : |
11.07.2013 |
||||||||||||
|
DIN No : |
00072840 |
||||||||||||
|
Other
Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Maheshkumar Kuvarjibhai Kalariya |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
19, Rawapar-3, Rawapar, Ta: Morbi, Dist: Rajkot Morbi -363642, Gujarat, India |
||||||||||||
|
Date of Appointment : |
14.09.2013 |
||||||||||||
|
DIN No : |
03155243 |
||||||||||||
|
Other
Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Chetanbhai Laljibhai Kalariya |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
'Satnam', 5-A, Subhash Nagar, Block No. 121, Ravapar Road, Morbi - 363641 , Gujarat, India |
||||||||||||
|
Date of Appointment : |
11.07.2013 |
||||||||||||
|
DIN No : |
03550417 |
||||||||||||
|
Other
Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Praful Kuvarjibhai Kalariya |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
Rawapar, Taluka: Morbi, District : Morbi, Rajkot - 363642, Gujarat, India |
||||||||||||
|
Date of Appointment : |
11.07.2013 |
||||||||||||
|
DIN No : |
06629496 |
||||||||||||
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Chetanbhai Laljibhai Kalariya |
|
434000 |
|
Rajeshbhai Shiviibhai Savsani |
|
217000 |
|
Maheshkumar uvarib haiK alariya |
|
403000 |
|
Praful Kuvarii bhai Kalariva |
|
279000 |
|
Pritesh Durlabhiibhai Kalariva |
|
93000 |
|
Durlabhlibhai VeliibhaiK alariya |
|
31000 |
|
Ranjanben DurlabhiibhaKi alariva |
|
62000 |
|
Laliibhai VeliibhaiK alariva |
|
186000 |
|
Poojaben ChetanbhaKi alariya |
|
62000 |
|
VanitabenL aliibhaKi alariva |
|
31000 |
|
BhaveshbhaBi hudarbhaAi mrutiva |
|
93000 |
|
Kuvarji bhai Velljibhai kalariya |
|
155000 |
|
Shilpaben Maheshbhai Kalariva |
|
62000 |
|
Hiteshbhai Kuvariibhai Kalariya |
|
186000 |
|
Rashilaben Hiteshbhai Kalariva |
|
62000 |
|
Bhumikaben Prafulbhai Kalariva |
|
93000 |
|
Pushpaben Khodidasbhai Thadoda |
|
31000 |
|
Bhaktiben Amirbhai Thadoda |
|
31000 |
|
Atulbhai Khodidasbha Thadoda |
|
31000 |
|
Diptiben Atulbhai Thadoda |
|
31000 |
|
Santuben Nareshbhai Thadoda |
|
31000 |
|
Govindbhai Naranbhai Dhorivan |
|
62000 |
|
Mehulbhai Govindbhai Dhorivan |
|
31000 |
|
MukeshbhaSi hiviibhai Savsani |
|
124000 |
|
Shivjibhai Bhagvanjibhai Savsani |
|
124000 |
|
Pravinbhai Laxmanbhai Aghara |
|
93000 |
|
Dayabhai Pitamberbhai Bhadaniva |
|
62000 |
|
Total |
|
3100000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100 |
|
Total |
100 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of ceramic tiles. (Registered Activity) |
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|
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Products / Services
: |
|
||||
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|
||||
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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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||||
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Imports : |
Not Divulged |
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|
|
||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
Note: (i) Term loan INR 69.500 Million repayable in 66 monthly of INR
1.053 Million each and is secured against equitable mortage of factory land
and building and hypothecation of Plant and Machinery. (ii) Cash credit limit od INR 30.000 Million is secured against
hypothecation of stock of raw material, stores and spares, consumables, stock
in process, finished good and book debts. |
|
Auditors : |
|
|
Name : |
S K Mehta and Associates Chartered Accountants |
|
Address : |
118 Galaxy Complex, Opposite K K Steel, Sanala Road, Morbi - 363641,
Gujarat, India |
|
Tel. No.: |
91-22-282222 |
|
Mobile No.: |
91-9428277365 |
|
Membership No : |
124167 |
|
Income-tax
PAN of auditor or auditor's firm : |
ABPFS2842C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3100000 |
Equity Shares |
INR 10/- each |
INR 31.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3100000 |
Equity Shares |
INR 10/- each |
INR 31.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
31.000 |
31.000 |
31.000 |
|
(b) Reserves & Surplus |
(0.874) |
(4.112) |
(5.192) |
|
(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 |
30.126 |
26.888 |
25.808 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
72.359 |
85.153 |
94.629 |
|
(b) Deferred tax liabilities (Net) |
(0.498) |
0.851 |
1.449 |
|
(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 |
71.861 |
86.004 |
96.078 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
7.488 |
9.235 |
15.300 |
|
(b) Trade
payables |
53.779 |
39.759 |
13.024 |
|
(c) Other
current liabilities |
34.184 |
21.890 |
15.868 |
|
(d) Short-term
provisions |
0.657 |
0.159 |
0.073 |
|
Total Current
Liabilities (4) |
96.108 |
71.043 |
44.265 |
|
|
|
|
|
|
TOTAL |
198.095 |
183.935 |
166.151 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
89.814 |
106.263 |
119.800 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.223 |
0.334 |
0.445 |
|
Total Non-Current
Assets |
90.037 |
106.597 |
120.245 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
12.740 |
16.674 |
16.749 |
|
(c) Trade
receivables |
72.742 |
42.644 |
10.390 |
|
(d) Cash
and cash equivalents |
10.108 |
7.986 |
12.251 |
|
(e)
Short-term loans and advances |
12.468 |
10.034 |
6.516 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
108.058 |
77.338 |
45.906 |
|
|
|
|
|
|
TOTAL |
198.095 |
183.935 |
166.151 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
198.179 |
143.468 |
12.602 |
|
|
Other Income |
7.375 |
1.266 |
0.246 |
|
|
TOTAL
|
205.554 |
144.734 |
12.848 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
147.610 |
104.081 |
19.513 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.343 |
(2.543) |
(11.780) |
|
|
Employees benefits expense |
4.860 |
3.065 |
0.302 |
|
|
Manufacturing Expenses |
11.316 |
10.962 |
2.288 |
|
|
Selling and General
Administrative Expenses |
7.183 |
3.002 |
0.251 |
|
|
Preliminary and Pre -operative
expenses |
0.111 |
0.111 |
0.111 |
|
|
TOTAL |
174.423 |
118.678 |
10.685 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
31.131 |
26.056 |
2.163 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
11.038 |
8.410 |
1.933 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
20.093 |
17.646 |
0.230 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
17.741 |
17.080 |
3.972 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.352 |
0.566 |
(3.742) |
|
|
|
|
|
|
|
Less |
TAX |
(0.886) |
(0.514) |
1.448 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
3.238 |
1.080 |
(5.190) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(4.113) |
(5.193) |
(0.003) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(0.875) |
(4.113) |
(5.190) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
33.047 |
11.927 |
15.978 |
|
|
TOTAL
EARNINGS |
33.047 |
11.927 |
15.978 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
1.04 |
0.35 |
0.38 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
22.304 |
19.416 |
19.129 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
133.97 |
108.49 |
300.93 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.72 |
3.36 |
1.21 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
132.98 |
139.43 |
243.62 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.44 |
1.56 |
0.13 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.35 |
0.25 |
0.02 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.85 |
0.85 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /
Networth) |
2.65 |
3.51 |
4.26 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.19 |
2.64 |
1.72 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.98 |
3.95 |
4.64 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.82 |
3.10 |
1.12 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.63 |
0.75 |
(41.19) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.63 |
0.59 |
(3.12) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
10.75 |
4.02 |
(20.11) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.12 |
1.09 |
1.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.99 |
0.85 |
0.66 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.15 |
0.15 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.58 |
3.04 |
3.55 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.12 |
1.09 |
1.04 |
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 |
31.000 |
31.000 |
31.000 |
|
Reserves & Surplus |
(5.192) |
(4.112) |
(0.874) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
25.808 |
26.888 |
30.126 |
|
|
|
|
|
|
long-term borrowings |
94.629 |
85.153 |
72.359 |
|
Short term borrowings |
15.300 |
9.235 |
7.488 |
|
Total
borrowings |
109.929 |
94.388 |
79.847 |
|
Debt/Equity
ratio |
4.259 |
3.510 |
2.650 |
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 |
12.602 |
143.468 |
198.179 |
|
|
|
1038.454 |
38.135 |
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 |
12.602 |
143.468 |
198.179 |
|
Profit/ (Loss) |
(5.190) |
1.080 |
3.238 |
|
|
(41.19%) |
0.75% |
1.63% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
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 |
No |
|
18] |
Major suppliers |
Yes |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY INFORMATION
The company is registered in the ministry of corporate affairs as a
private limited company and is intended to engage in the manufacturing of
ceramic tiles.
STATE OF COMPANY's
AFFAIRS:
The Total turnover for the financial year ended March 31, 2017 has been
increased to INR 198.179 Million as compared to INR 143.468 Million of previous
year.
The company has incurred the operation profit of INR 2.352 Million as
compared to operation profit of INR 0.566 Million of the previous year. The
depreciation for the current financial year stood at INR 17.741 Million as
compared to INR 17.080 Million of previous year.
The director assures that they would grab all business opportunities
that could be seized from the market for the overall development of our
business and foreseen bright prospects of the company in the years to come.
FUTURE OUTLOOK
The company is focused on profitable growth in the long terms and is
taking several steps to reduce costs, minimize waste, improve quality and
customer interface and enhance profitability of its products.
During the year it was recognizes that input costs are firm and there is
sluggishness in the general economy, However, the company managed to incurred
profit during the year. The company pays special attention to making its
products competitive and be increasingly visible to the customers. The company
seeks long term relationship with clients while addressing their requirements.
Their customer centric approach has resulted in high levels of client
satisfaction and retention.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
From Directors |
13.650 |
13.188 |
|
From Shareholder |
27.467 |
25.671 |
|
From Relatives, Body Corporate and others |
5.297 |
4.661 |
|
Total |
46.414 |
43.520 |
|
Notes
: Unsecured loan/ Deposits are accepted in pursuant to the stipulation
of financial institution. |
||
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
C16507592 |
10515082 |
Syndicate Bank |
09/07/2014 |
114500000.0 |
Regional Office, Neptune Tower, Ashram Road, Ahmedabad -380009, India |
FIXED ASSETS
- Land
- Factory
Building
- Plant and
Machinery
- Vehicle
- Furniture and
Fixture
- Computer
System
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 63.97 |
|
|
1 |
INR 88.12 |
|
Euro |
1 |
INR 78.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TRUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.