|
|
|
MIRA INFORM REPORT
|
Report No. : |
486848 |
|
Report Date : |
19.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
CONTEMPORARY TARGETT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
20-21, Gandhi Oil Mills Compound, Gorwa Road, Vadodara – 390016,
Gujarat |
|
Tel. No.: |
91- 265-2281021/ 2282926/ 2282821 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
29.07.2003 |
|
|
|
|
Com. Reg. No.: |
04-042688 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 69.989 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51226GJ2003PTC042688 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCC4410H |
|
|
|
|
TIN No.: |
24190302323 |
|
|
|
|
GST No.: |
24AACCC4410H1Z8 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Toothbrush to Colgate Palmolive [India]
Limited on contract Manufacturing Basis. [Confirmed by Management and also
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2003 and it is a manufacturer and importer of tooth brushes. As per financials of March 2017, the company has registered marginal decline in its revenue and has reported average profit margin of 1.27%. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with strong debt coverage indicators and decent liquidity position. Rating also takes into account the extensive experience of its promoters in toothbrush manufacturing industry and established relationship with the leading FMCG players in India. However, rating strength is partially offset by intense competition from organised and un-organised players of toothbrush manufacturing industry. Payments are reported to be usually correct. In view of aforesaid, the company can be considered for
business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Rating = BBB- [Issuer non-cooperative] |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
03.01.2018 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating = A3 [Issuer non-cooperative] |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
03.01.2018 |
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 19.01.2018
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 [PARTIAL DETAILS]
|
Name : |
Mr. Sanjay Patel |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9978119323 |
|
Date : |
18.01.2018 |
LOCATIONS
|
Registered Office/ Factory : |
20-21, Gandhi Oil Mills Compound, Gorwa Road, Vadodara – 390016,
Gujarat, India |
|
Tel. No.: |
91- 265-2281021/ 2282926/ 2282821 |
|
Mobile No.: |
91-9978119323 [Mr. Sanjay Patel] |
|
Fax No.: |
91-265-2281126 |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Others Factories
: |
Located
at: ·
Haridwar ·
Punjab |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Lal Raisinghani |
|
Designation : |
Managing Director |
|
Address : |
B-62FF, Gulmohar Park, New Delhi - 110049, India |
|
Date of Birth/Age : |
08.05.1949 |
|
Qualification : |
B.Com (Hons.) |
|
Date of Appointment : |
30.09.2005 |
|
PAN No.: |
ADOPR3174K |
|
DIN No.: |
00089570 |
|
|
|
|
Name : |
Mrs. Madhavi Divan |
|
Designation : |
Director |
|
Address : |
20, Laburnum Road, Grant Road, Gamdevi, Mumbai - 400007, Maharshtra, India |
|
Date of Birth/Age : |
24.08.1970 |
|
Qualification : |
Law graduate from Oxford |
|
Date of Appointment : |
18.07.2014 |
|
PAN No.: |
AAAPG4094L |
|
DIN No.: |
00226074 |
|
|
|
|
Name : |
Dr. Nayana Goradia |
|
Designation : |
Director |
|
Address : |
145- Sundar Nagar, Lodi Road, New Delhi - 110003, India |
|
Date of Birth/Age : |
02.03.1939 |
|
Qualification : |
Doctrate in History |
|
Date of Appointment : |
30.09.2005 |
|
PAN No.: |
AALPG4940Q |
|
DIN No.: |
00453873 |
|
|
|
|
Name : |
Ms. Brinda Goradia Shroff |
|
Designation : |
Managing Director |
|
Address : |
23A, Jungpura Hospital Road, New Delhi – 110014, India |
|
Date of Birth/Age : |
29.11.1966 |
|
Qualification : |
M. Phil (Cantab) |
|
Date of Appointment : |
30.09.2005 |
|
PAN No.: |
AAAPS6396P |
|
DIN No.: |
00455131 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Patel |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Haresh Najkani |
|
Designation : |
Purchase Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Nayana Goradia |
|
384995 |
|
Brinda Goradia Shroff |
|
236155 |
|
Madhavi Divan |
|
71003 |
|
Lal Raisinghani |
|
126 |
|
C.L. Raisinghani |
|
3 |
|
Dinbandhu Mandal |
|
329 |
|
Pramilla Majumdar |
|
15 |
|
A.S. Officer |
|
425 |
|
F.S. Mitchel |
|
151 |
|
The Budge Budge Investment Company (Private) Limited, India |
|
252 |
|
W H Targett (India) Limitedm, India |
|
6250 |
|
Shabda Sharan R. Thakkar |
|
4 |
|
Sanjay Kumar Jain |
|
160 |
|
Aswini Kanta Ray |
|
12 |
|
Sohini Bose |
|
5 |
|
|
|
|
|
Total |
|
699885 |
AS ON: 24.07.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
98.90 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
0.18 |
|
Public/Other than promoters - Body Corporate |
0.92 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Toothbrush to Colgate Palmolive [India] Limited
on contract Manufacturing Basis. [Confirmed by Management and also Registered
Activity] |
||||
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||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
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|
|
||||
|
Agencies Held : |
“Colgate Palmolive (India) Limited” |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
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|
|
||||
|
Terms : |
|
||||
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Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited · Bank of Baroda · State Bank of India SCB Branch, Trident Complex, Race Course, Vadodara - 390007, Gujarat, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
C.R. Shah and Company Chartered Accountants |
|
Address : |
604-605,Yashkamal, Station Road, Vadodara, Gujarat,
India |
|
PAN No.: |
AACFC1026E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company: |
Contemporary Brokers Private Limited
[U93000WB2003PTC095971] |
|
|
|
|
Related Parties : |
· W. H. Targett India Limited [U51109WB1981PLC034291] · Merlin Dentifrices Private Limited (MDPL) [U24240GJ1996PTC029037] |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives |
Mission Row Tea Brokers Private Limited (MRTPL) [U15491WB1984PTC037421] |
CAPITAL STRUCTURE
AS ON: 24.07.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
INR 100/- each |
INR 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
699885 |
Equity Shares |
INR 100/- each |
INR 69.989
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
69.989 |
69.989 |
69.989 |
|
(b) Reserves and Surplus |
159.011 |
145.064 |
146.392 |
|
(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) |
229.000 |
215.053 |
216.381 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
9.717 |
13.873 |
|
(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 |
1.066 |
0.987 |
1.166 |
|
Total Non-current
Liabilities (3) |
1.066 |
10.704 |
15.039 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
216.829 |
238.214 |
180.476 |
|
(b) Trade
payables |
55.051 |
103.527 |
75.326 |
|
(c) Other
current liabilities |
7.748 |
14.741 |
8.713 |
|
(d) Short-term
provisions |
30.314 |
48.198 |
45.372 |
|
Total Current
Liabilities (4) |
309.942 |
404.680 |
309.887 |
|
|
|
|
|
|
TOTAL |
540.008 |
630.437 |
541.307 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
145.396 |
129.975 |
136.863 |
|
(ii)
Intangible Assets |
0.084 |
0.154 |
0.074 |
|
(iii) Tangible assets
capital work-in-progress |
14.758 |
24.216 |
14.758 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.242 |
1.242 |
1.213 |
|
(c) Deferred tax assets (net) |
3.598 |
4.399 |
5.339 |
|
(d)
Long-term loans and advances |
9.004 |
12.058 |
9.929 |
|
(e) Other
Non-current assets |
0.009 |
0.196 |
0.195 |
|
Total Non-Current
Assets |
174.091 |
172.240 |
168.371 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
114.967 |
132.162 |
101.376 |
|
(c) Trade
receivables |
132.829 |
134.129 |
110.568 |
|
(d) Cash and
bank balances |
17.112 |
16.229 |
27.404 |
|
(e)
Short-term loans and advances |
98.858 |
174.063 |
132.406 |
|
(f) Other
current assets |
2.151 |
1.614 |
1.182 |
|
Total
Current Assets |
365.917 |
458.197 |
372.936 |
|
|
|
|
|
|
TOTAL |
540.008 |
630.437 |
541.307 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
992.933 |
1054.438 |
1123.003 |
|
|
Other Income |
17.093 |
20.894 |
22.747 |
|
|
TOTAL |
1010.026 |
1075.332 |
1145.750 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
645.538 |
733.098 |
805.126 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
4.444 |
(36.965) |
22.897 |
|
|
Employee benefit expense |
122.887 |
145.864 |
90.970 |
|
|
Other expenses |
174.892 |
172.547 |
145.579 |
|
|
Exceptional items before tax |
0.013 |
0.169 |
0.605 |
|
|
TOTAL |
947.774 |
1014.713 |
1065.177 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
62.252 |
60.619 |
80.573 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
23.010 |
23.720 |
22.081 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
39.242 |
36.899 |
58.492 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
19.817 |
18.301 |
22.215 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
19.425 |
18.598 |
36.277 |
|
|
|
|
|
|
|
Less |
TAX |
6.801 |
7.291 |
2.520 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
12.624 |
11.307 |
33.757 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials |
|
126.670 |
130.019 |
|
|
Components and spare
parts |
|
0.898 |
0.000 |
|
|
Capital Goods |
|
3.158 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
130.726 |
130.019 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
18.04 |
16.16 |
48.23 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
4.100 |
4.100 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
62.371 |
(24.788) |
118.507 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
70.233 |
(23.738) |
107.007 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
48.83 |
46.43 |
35.94 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.48 |
7.86 |
10.16 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
31.13 |
51.54 |
34.15 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.54 |
0.46 |
0.79 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.39 |
0.39 |
0.53 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.57 |
0.66 |
0.61 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.95 |
1.17 |
0.92 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.35 |
1.88 |
1.43 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.70 |
0.72 |
0.70 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.71 |
2.56 |
3.65 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.27 |
1.07 |
3.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.34 |
1.79 |
6.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.51 |
5.26 |
15.60 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.18 |
1.13 |
1.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.81 |
0.81 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.42 |
0.34 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.10 |
3.60 |
2.84 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.18 |
1.13 |
1.20 |
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 |
69.989 |
69.989 |
69.989 |
|
Reserves & Surplus |
146.392 |
145.064 |
159.011 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
216.381 |
215.053 |
229.000 |
|
|
|
|
|
|
long-term borrowings |
13.873 |
9.717 |
0.000 |
|
Short term borrowings |
180.476 |
238.214 |
216.829 |
|
Current Maturities of
Long term debt |
4.100 |
4.100 |
0.000 |
|
Total borrowings |
198.449 |
252.031 |
216.829 |
|
Debt/Equity ratio |
0.917 |
1.172 |
0.947 |
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 |
1123.003 |
1054.438 |
992.933 |
|
|
|
(6.106) |
(5.833) |
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 |
1123.003 |
1054.438 |
992.933 |
|
Profit/ (Loss) |
33.757 |
11.307 |
12.624 |
|
|
3.01
% |
1.07
% |
1.27
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
87.896 |
87.896 |
|
(b) Reserves and Surplus |
|
264.268 |
236.544 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
352.164 |
324.440 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
6.100 |
34.013 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
1.066 |
0.987 |
|
Total Non-current
Liabilities (3) |
|
7.166 |
35.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
347.819 |
281.525 |
|
(b) Trade
payables |
|
119.546 |
231.434 |
|
(c) Other
current liabilities |
|
9.123 |
28.448 |
|
(d) Short-term
provisions |
|
37.084 |
61.302 |
|
Total Current
Liabilities (4) |
|
513.572 |
602.709 |
|
|
|
|
|
|
TOTAL |
|
872.902 |
962.149 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
170.411 |
163.924 |
|
(ii)
Intangible Assets |
|
0.440 |
0.699 |
|
(iii) Tangible assets
capital work-in-progress |
|
14.758 |
24.216 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
41.475 |
54.275 |
|
(c) Deferred tax assets (net) |
|
10.212 |
10.459 |
|
(d)
Long-term loans and advances |
|
47.516 |
46.638 |
|
(e) Other
Non-current assets |
|
0.009 |
0.195 |
|
Total Non-Current
Assets |
|
284.821 |
300.406 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
114.986 |
132.181 |
|
(c) Trade
receivables |
|
189.517 |
262.286 |
|
(d) Cash and
bank balances |
|
52.160 |
32.078 |
|
(e)
Short-term loans and advances |
|
228.839 |
233.584 |
|
(f) Other
current assets |
|
2.579 |
1.614 |
|
Total
Current Assets |
|
588.081 |
661.743 |
|
|
|
|
|
|
TOTAL |
|
872.902 |
962.149 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1098.157 |
1157.678 |
|
|
Other Income |
|
38.458 |
49.430 |
|
|
TOTAL |
|
1136.615 |
1207.108 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
645.538 |
733.098 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
2.366 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
4.444 |
(36.607) |
|
|
Employee benefit expense |
|
152.519 |
173.611 |
|
|
Other expenses |
|
218.966 |
210.084 |
|
|
Exceptional items before tax |
|
(0.110) |
(0.266) |
|
|
TOTAL |
|
1021.357 |
1082.286 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
115.258 |
124.822 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
37.865 |
41.400 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
77.393 |
83.422 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
29.782 |
33.010 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
47.611 |
50.412 |
|
|
|
|
|
|
|
Less |
TAX |
|
15.823 |
15.497 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
|
31.788 |
34.915 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
36.17 |
39.72 |
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 |
No |
|
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) |
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 |
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G12001020 |
100050258 |
HDFC BANK LIMITED |
03/08/2016 |
- |
- |
160000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL - (WEST), MUMBAI-400013, MAHARASHTRA, INDIA |
|
2 |
B77252674 |
10375415 |
STATE BANK OF INDIA |
21/08/2012 |
22/05/2013 |
- |
61500000.0 |
SCB BRANCH, TRIDENT COMPLEX,RACE COURSE, VADODARA-390007, GUJARAT, INDIA |
|
3 |
B98702467 |
80005804 |
STATE BANK OF INDIA |
01/08/2000 |
10/02/2014 |
- |
144800000.0 |
SPECIALISED COMMERCIAL BRANCHETRIDENT COMPLEX, OPP. GERI, NR. RACE COURSE CIRCLE, VADODARA-390007, GUJARAT, INDIA |
|
4 |
B98702384 |
80005806 |
STATE BANK OF INDIA |
17/05/1997 |
04/02/2014 |
- |
144800000.0 |
SCB BRANCH, TRIDENT COMPLEX,RACE COURSEVADODARA-390007, GUJARAT, INDIA |
|
5 |
Y10186934 |
90097242 |
GUJARAT STATE FINANCIAL CORPORATION |
27/07/1987 |
20/02/1989 |
- |
2124000.0 |
JALDARSHAN BUILDING, ASHRAM ROAD, AHMEDABAD, GUJARAT, INDIA |
|
6 |
G02457976 |
10154357 |
BANK OF BARODA |
03/04/2009 |
24/11/2014 |
28/04/2016 |
160000000.0 |
4, BRABOURNE ROADBRABOURNE ROAD BRANCH, KOLKATA-700001, WEST BENGAL, INDIA |
|
7 |
G02458313 |
10154564 |
BANK OF BARODA ( BRABOURNE ROAD BRANCH) |
03/04/2009 |
- |
28/04/2016 |
100000000.0 |
4,BRABOURNE ROADKOLKATA-700001, WEST BENGAL, INDIA |
|
8 |
A44800381 |
90102241 |
STATE BANK OF INDIA |
09/03/2003 |
- |
19/08/2008 |
4000000.0 |
SPECIALISED COMMERCIAL BRANCH, MODVI, VADODARA-390017, GUJARAT, INDIA |
|
9 |
A01274349 |
80004176 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
09/11/1998 |
- |
07/06/2006 |
0.0 |
10/10 MADAN MOHAN MALVIYA MARG, LUCKNOW-226001, UTTAR PRADESH, INDIA |
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Deposits from others |
136.316 |
149.512 |
|
Deposits from directors |
8.400 |
4.000 |
|
|
|
|
|
Total |
144.716 |
153.512 |
STATE OF COMPANYS
AFFAIR
The outlook of the Company remains encouraging and it is expected that this positive trend will continue in enhancing the growth of the Company.
The Company is focused on growth with a renewed commitment to enhance quality and customer service and to further reduce costs. Innovations, investment and positive modifications are expected in the near future.
FIXED 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, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.84 |
|
UK Pound |
1 |
INR 88.28 |
|
Euro |
1 |
INR 77.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RUP |
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.