|
|
|
MIRA INFORM REPORT
|
Report No. : |
487008 |
|
Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME NONWOVEN INDUSTRIES PRIVATE LIMITED (w.e.f. 02.01.2008) |
|
|
|
|
Formerly Known
As : |
BHILAD TEXTILE INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 110, 8th Floor, 16th Road, Chembur, Mumbai – 400071, Maharashtra |
|
Tel. No.: |
91-22-25208822 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
04.06.1984 |
|
|
|
|
Com. Reg. No.: |
11-033072 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5.882 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120MH1984PTC033072 |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
GSTIN : |
Not Divulged |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACB1673P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of Technical Textiles and Automotive Components (Registered activity) |
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|
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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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company incorporated in the year 1984 and it is having good track. It is engaged in manufacturing of nonwoven fabrics, non-woven-fabric-based automotive materials, automotive trims and acoustic components. Further, Tenowo GmbH (formerly known as Eswegee Vliesstoff GmbH) Germany, has 49% stake and the rest is with the Kavrie family. For the financial year 2017, the company has increased its revenue from operation as compared to previous year and maintained average profitability margin of 2.16%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and low debt balance sheet. Further, rating also reflects from its good business risk profile and its leadership position in both, nonwoven and auto components businesses and improvement in the revenue profile during the year. However, these strengths are partially offset by revenue concentration in the auto segment and large capital requirement. Trade relations are reported as fair. Business is active. Payments terms are reported to be regular. In view of the 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 |
CRISIL |
|
Rating |
Long Term Loan = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
08.08.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loan = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
08.08.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 20.01.2018
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. Rohit |
|
Designation : |
Sales Department |
|
Contact No.: |
91-22-25208822 |
|
Date : |
19.01.2018 |
Tel. No.: 91-22-25208822 / 260-2784169 – Ringing
LOCATIONS
|
Registered Office : |
Supreme House, Plot No. 110, 8th Floor, 16th Road, Chembur, Mumbai – 400071,
Maharashtra, India |
|
Tel. No.: |
91-22-25208822 / 25212323 |
|
Fax No.: |
91-22-25208092 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
National Highway No.8, Bhilad, District Valsad – 396105, Gujarat ,
India |
|
Tel. No.: |
91-260-2784169/ 4669 |
|
Fax No.: |
91-260-2784170 |
|
|
|
|
Factory 2 : |
Next to Dalwada Substation, Kadaiya Village, Airport Road, Daman Diu–
396210, India |
|
Tel. No.: |
91-260-2221706/ 2220943/ 2220998
|
|
Fax No.: |
91-260-2220706 |
|
|
|
|
Factory 3 : |
Plot No.83, Phase I, Near
Zandupharma, GIDC, Vapi – 396195, Gujarat, India |
|
Tel. No.: |
91-260-2420441/ 3948420 |
|
Fax No.: |
91-260-2401332 |
|
|
|
|
Branches : |
Located at: · Bawal · Bidadi · Chennai · Daman · Dharwad · Halol · Mumbai · Ranjangaon · Rudrapur · Sanand · Thailand ·
Vapi |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Mohan Mahadev Kavrie |
|
Designation : |
Director |
|
Address : |
E-25, Matru Krupa, Nandadeep Everest Society, Sahakar Nagar, Road
No-4, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
24.05.1948 |
|
Qualification : |
B. Tech, M.S. |
|
Experience : |
42 Years |
|
Date of Appointment : |
02.05.2000 |
|
PAN No.: |
AADPK5561F |
|
Voter ID No.: |
MT/07/047/0264230 |
|
DIN No.: |
00243269 |
|
|
|
|
Name : |
Mr. Amit Mohan Kavrie |
|
Designation : |
Director |
|
Address : |
E-25, Matru Krupa, Nandadeep Everest Society, Sahakar Nagar, Road
No.4, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
21.08.1977 |
|
Qualification : |
B.S., M.S. |
|
Experience : |
16 Years |
|
Date of Appointment : |
10.07.2006 |
|
PAN No.: |
AAIPK3917E |
|
DIN No.: |
00153017 |
|
|
|
|
Name : |
Mr. Harald Lothar Stini |
|
Designation : |
Director |
|
Address : |
Neue Plauensche Str 92, Plauen Ot Oderlosa, Germany |
|
Date of Birth/Age : |
29.03.1958 |
|
Date of Appointment : |
26.06.2006 |
|
DIN No.: |
02864818 |
|
|
|
|
Name : |
Mr. Christine Marieluise Kogler |
|
Designation : |
Director |
|
Address : |
Wernher-Von-Braun-Str. 23, Oberkotzau, Germany |
|
Date of Birth/Age : |
06.01.1964 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
03269542 |
KEY EXECUTIVES
|
Name : |
Mr. Rohit |
|
Designation : |
Sales Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Mohan Mahadev Kavrie |
|
5503 |
|
Jaya Mohan Kavrie |
|
2001 |
|
Leela Mahadev Kavrie |
|
2000 |
|
Supreme Nonwovens Private Limited, India |
|
3750 |
|
Mohan Kavrie and Jaya Kavrie |
|
8751 |
|
Amit Kavrie |
|
5495 |
|
Smita Kavrie |
|
2500 |
|
Tenowo GmbH |
|
28824 |
|
Total |
|
58824 |
Equity Share Break up (Percentage of Total Equity)
As on 30.08.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
44.62 |
|
Promoter - Bodies
corporate |
55.38 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Technical Textiles and Automotive Components (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Products : |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Financial Institutions : |
SBICAP Trustee Company Limited, 202, Maker Tower E, Cuffe
Parade, Mumbai – 400005, Maharashtra, India |
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|
|
|
Auditors : |
|
|
Name : |
Kalyaniwalla and Mistry Chartered Accountants |
|
Address : |
Kalpataru Heritage, 127, Mahatma Gandhi Road, Mumbai –
400001, Maharashtra, India |
|
Tel. No.: |
91-22-61587200 |
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Fax No.: |
91-22-22673964 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFK7554R |
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|
|
|
Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
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|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives: |
U34200MH1996PTC103764
U51900MH1981PTC025149 |
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|
Others : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
INR 100/- each |
INR 6.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
58824 |
Equity Shares |
INR 100/-
each |
INR 5.882
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
5.882 |
5.882 |
5.882 |
|
(b) Reserves and Surplus |
1037.728 |
990.388 |
955.318 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1043.610 |
996.270 |
961.200 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
294.505 |
270.876 |
257.495 |
|
(b) Deferred tax liabilities (Net) |
70.226 |
79.434 |
83.251 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
35.478 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
400.209 |
350.310 |
340.746 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
115.788 |
161.411 |
180.981 |
|
(b) Trade
payables |
148.819 |
149.932 |
117.465 |
|
(c) Other
current liabilities |
201.207 |
189.759 |
193.563 |
|
(d) Short-term
provisions |
12.448 |
10.709 |
31.874 |
|
Total Current
Liabilities (4) |
478.262 |
511.811 |
523.883 |
|
|
|
|
|
|
TOTAL |
1922.081 |
1858.391 |
1825.829 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
988.938 |
1000.650 |
1017.298 |
|
(ii)
Intangible Assets |
6.745 |
7.054 |
2.036 |
|
(iii) Tangible assets
capital work-in-progress |
38.334 |
28.732 |
58.899 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
41.611 |
2.614 |
1.038 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
21.200 |
33.965 |
44.128 |
|
(e) Other Non-current
assets |
0.200 |
0.225 |
1.223 |
|
Total Non-Current
Assets |
1097.028 |
1073.240 |
1124.622 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
402.703 |
465.969 |
400.044 |
|
(c) Trade
receivables |
352.309 |
240.119 |
221.977 |
|
(d) Cash and
bank balances |
8.087 |
7.772 |
17.322 |
|
(e)
Short-term loans and advances |
61.327 |
70.260 |
57.299 |
|
(f) Other
current assets |
0.627 |
1.031 |
4.565 |
|
Total
Current Assets |
825.053 |
785.151 |
701.207 |
|
|
|
|
|
|
TOTAL |
1922.081 |
1858.391 |
1825.829 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2269.785 |
2176.059 |
1955.320 |
|
|
Other Income |
15.487 |
4.677 |
9.181 |
|
|
TOTAL |
2285.272 |
2180.736 |
1964.501 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1222.003 |
1246.267 |
1127.162 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
30.261 |
(28.711) |
23.482 |
|
|
Employee benefit expense |
273.689 |
249.229 |
214.348 |
|
|
CSR expenditure |
1.353 |
0.000 |
0.000 |
|
|
Other expenses |
443.685 |
421.770 |
379.007 |
|
|
Extraordinary items before tax |
25.238 |
0.000 |
0.000 |
|
|
TOTAL |
1996.229 |
1888.555 |
1743.999 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
289.043 |
292.181 |
220.502 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
68.722 |
61.578 |
68.046 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
220.321 |
230.603 |
152.456 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
127.111 |
115.549 |
103.540 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
93.210 |
115.054 |
48.916 |
|
|
|
|
|
|
|
Less |
TAX |
44.121 |
49.123 |
10.706 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
49.089 |
65.931 |
38.210 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
341.838 |
403.199 |
298.261 |
|
|
Components and spare
parts |
12.140 |
11.579 |
10.681 |
|
|
Capital Goods |
29.206 |
23.975 |
103.175 |
|
|
TOTAL IMPORTS |
383.183 |
438.752 |
412.117 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
834.51 |
1120.82 |
649.57 |
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 |
68.547 |
|
Net cash flows from (used in) operations |
267.325 |
233.856 |
292.877 |
|
Net cash flows from (used in) operating activities |
231.208 |
197.558 |
280.854 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
56.65 |
40.28 |
41.44 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.44 |
9.06 |
8.81 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
44.45 |
43.91 |
38.04 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.72 |
0.63 |
0.55 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.28 |
0.28 |
0.20 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.40 |
0.42 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.39 |
0.43 |
0.46 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.46 |
0.51 |
0.55 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.99 |
1.04 |
1.12 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.21 |
4.74 |
3.24 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.16 |
3.03 |
1.95 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.55 |
3.55 |
2.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.70 |
6.62 |
3.98 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.73 |
1.53 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.88 |
0.62 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.54 |
0.54 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
69.75 |
73.49 |
74.55 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.73 |
1.53 |
1.34 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
5.882 |
5.882 |
5.882 |
|
Reserves & Surplus |
955.318 |
990.388 |
1037.728 |
|
Net
worth |
961.200 |
996.270 |
1043.610 |
|
|
|
|
|
|
Long Term borrowings |
257.495 |
270.876 |
294.505 |
|
Short Term borrowings |
180.981 |
161.411 |
115.788 |
|
Total
borrowings |
438.476 |
432.287 |
410.293 |
|
Debt/Equity
ratio |
0.456 |
0.434 |
0.393 |
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
|
1955.320 |
2176.059 |
2269.785 |
|
|
|
11.289 |
4.307 |
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
|
1955.320 |
2176.059 |
2269.785 |
|
Profit |
38.210 |
65.931 |
49.089 |
|
|
1.95% |
3.03% |
2.16% |
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 |
No |
|
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 |
NOTE: The Registered Office
of the company has been shifted from Centre Point, 7th Floor, 18th
Road, Chembur, Mumbai – 400071, Maharashtra, India to the present address
w.e.f.29.11.2010.
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK:
The year 2016-17 was goodyear for the Company. Material Changes and Commitment if any affecting the financial position of the Company occurred between the end of the financial year to which this financial statement relate and the date of the Report.
No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which this financial statements relate and the date of this report.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G49884026 |
100036602 |
SBICAP TRUSTEE COMPANY LIMITED |
15/06/2016 |
12/07/2017 |
- |
236300000.0 |
202, Maker Tower E, Cuffe Parade,MumbaiMH400005IN |
|
2 |
G49885064 |
10490378 |
SBICAP TRUSTEE COMPANY LIMITED |
18/02/2014 |
12/07/2017 |
- |
650000000.0 |
202, Maker Tower E, Cuffe Parade,MumbaiMH400005IN |
|
3 |
B97543342 |
10480453 |
SBICAP TRUSTEE COMPANY LIMITED |
18/02/2014 |
- |
- |
134488000.0 |
202, MAKER TOWER, 'E', CUFFE PARADE,COLABA,MUMBAIMH400005IN |
|
4 |
G40299182 |
10480693 |
SBICAP TRUSTEE COMPANY LIMITED |
20/09/2013 |
10/03/2017 |
- |
1024919000.0 |
202, Maker Tower E, Cuffe Parade,ColabaMumbaiMH400005IN |
|
5 |
G40296261 |
10380964 |
SBICAP TRUSTEE COMPANY LIMITED |
21/09/2012 |
10/03/2017 |
- |
856170000.0 |
202, Maker Tower E, Cuffe Parade,ColabaMumbaiMH400005IN |
|
6 |
G40298200 |
10381504 |
SBICAP TRUSTEE COMPANY LIMITED |
21/09/2012 |
10/03/2017 |
- |
735456000.0 |
202, Maker Tower E, Cuffe Parade,ColabaMumbaiMH400005IN |
|
7 |
B06214233 |
10269206 |
THE SARASWAT CO-OPERATIVE BANK LTD |
30/12/2010 |
- |
- |
4590000.0 |
RASEC DADAR BRANCH, Laxman Zulla, 1st Floor50, Ranade Road, Dadar,MumbaiMH400028IN |
|
8 |
A94155934 |
10239742 |
THE SARASWAT CO-OPERATIVE BANK LTD |
13/08/2010 |
- |
- |
710000.0 |
RASEC DADAR BRANCH, Laxman Zulla, 1st Floor50, Ranade Road, Dadar,MumbaiMH400028IN |
|
9 |
A59545764 |
10151437 |
The Saraswat Co-op Bank Ltd |
16/03/2009 |
- |
- |
610507.0 |
Rasec Dadar BranchRanade Road, Dadar WestMumbaiMH400028IN |
|
10 |
Y10315879 |
90213980 |
THE SARASAWAT CO-OPERATIVE BANK LTD |
11/07/2003 |
- |
- |
400000.0 |
CST BRANCH; AK NAIK MARGMUMBAIMH400001IN |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Residential building
- Office building
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
Intangible assets
- Goodwill
- Goodwill on investments joint ventures
- Computer software
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 63.84 |
|
|
1 |
INR 88.28 |
|
Euro |
1 |
INR 77.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.