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|
MIRA INFORM REPORT
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Report No. : |
487130 |
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Report Date : |
22.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALPHA PLASTOMERS PRIVATE LIMITED (w.e.f. 10.03.2016) |
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Formerly Known
As : |
ALPHA PLASTOMER PRIVATE LIMITED (w.e.f. 11.08.1999) SUNAKI POLYMERS PRIVATE LIMITED |
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Registered
Office : |
505-506, Union Heights, Near Rahulraj Mall, Vesu, Surat – 395007, Gujarat |
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Tel. No.: |
91-72-01989000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
14.02.1989 |
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Com. Reg. No.: |
04-011890 |
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Capital
Investment / Paid-up Capital : |
INR 1.075 Million |
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CIN No.: [Company Identification
No.] |
U25209GJ1989PTC011890 |
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IEC No.: |
Not Divulged |
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GSTIN No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCA5049C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The
company is engaged mainly in the business of manufacturing of plastic i.e.
shrink films, plastic bottles, etc. [Registered Activity] |
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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 : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 1484000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1989 having satisfactory track record. As per the available financials of March 2017, the company has achieved marginal growth in its revenue and has reported average profit margin during the year. However, the company possesses satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strengths from its long and established track record of its business operation backed by its well experienced promoters in polymer industry. However, rating strength partially offset by vulnerability of its operating margins to volatility in raw material prices and working capital intensive operations. Trade relations are fair. Business is active. Payments are reported to be usually correct. In view of aforesaid the company can be considered for
business dealings with 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 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 22.01.2018.
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. Saurabh Kamalkishore Agarwal |
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Designation : |
Director |
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Contact No.: |
91-9824012318 |
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|
Name : |
Mr. Ravindra Singh |
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Designation : |
Chartered Accountant |
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Contact No.: |
91-9899556963 |
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Date : |
19.01.2018 |
LOCATIONS
|
Registered Office/ Head Office : |
505-506, Union Heights, Near Rahulraj Mall, Vesu, Surat – 395007, Gujarat, India |
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Tel. No.: |
91-72-01989000 |
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Mobile No.: |
91-9824012318 [Mr. Saurabh Kamalkishore Agarwal] 91-9899556963 [Mr. Ravindra Singh] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory 1: |
Plot No. 374, Shed A/2, Alpha Industrial Park, Atiyawad, Dabhel – 396145, Daman, India |
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Factory 2: |
Alpha Pharma Roorkee, Shed No. D-1/2, Dev Bhoomi Industrial Estate, Pohana Iqbalpur Road, Bantakhedi, Roorkee – 247667, Uttarakhand India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Saurabh Kamalkishore Agarwal |
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Designation : |
Director |
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Address : |
10-C, Raj Shailee Apartment, B/S Raghuramji Party Plot, Umra, Surat – 395007, Gujarat, India |
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Date of Birth: |
18.03.1985 |
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Date of Appointment : |
01.05.2007 |
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DIN No.: |
01519920 |
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Other Directorship:
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Name : |
Mr. Akshay Kamalkishore Agarwal |
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Designation : |
Director |
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Address : |
10-C, Raj Shailee, Near Raghuramji Party Plot, Umra, Surat – 395007, Gujarat, India |
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Date of Birth: |
09.05.1991 |
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Date of Appointment : |
02.06.2014 |
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DIN No.: |
02926696 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Ravindra Singhi |
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Designation : |
Chartered Accountant |
MAJOR SHAREHOLDERS
AS ON 30.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Akshay Agarwal |
|
20262 |
|
Santosh Agarwal |
|
21583 |
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Saurabh Agarwal |
|
20442 |
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Shyam K. Agarwal |
|
18017 |
|
Nilaksh S. Agarwal |
|
19843 |
|
Saita S. Agarwal |
|
7386 |
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Total |
|
107533 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The
company is engaged mainly in the business of manufacturing of plastic i.e.
shrink films, plastic bottles, etc. [Registered Activity] |
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Products / Services
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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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Imports : |
Not Divulged |
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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 denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Pradeep Singhi and Associates Chartered Accountants |
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Address : |
A-501, president Plaza, Near R.T.O. Circle, Ring Road, Nanpura, Surat
– 395001, Gujarat, India |
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Tel. No.: |
91-79-2474714/ 2474954 |
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PAN No.: |
ADRPS1701L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
INR 10/- each |
INR 1.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
107533 |
Equity Shares |
INR 10/- each |
INR 1.075 Million |
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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 |
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|
(1)Shareholders' Funds |
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(a) Share Capital |
1.075 |
1.075 |
1.075 |
|
(b) Reserves &
Surplus |
518.338 |
494.964 |
437.321 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
519.413 |
496.039 |
438.396 |
|
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|
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(3) Non-Current
Liabilities |
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|
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|
(a) long-term borrowings |
5.074 |
0.317 |
33.831 |
|
(b) Deferred tax
liabilities (Net) |
17.259 |
12.292 |
6.573 |
|
(c) Other long term
liabilities |
13.309 |
12.485 |
7.499 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
35.642 |
25.094 |
47.903 |
|
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|
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(4) Current Liabilities |
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|
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|
(a) Short term borrowings |
0.580 |
10.761 |
17.870 |
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(b) Trade payables |
64.976 |
40.570 |
59.152 |
|
(c) Other current
liabilities |
8.202 |
7.209 |
11.606 |
|
(d) Short-term provisions |
7.170 |
16.700 |
24.065 |
|
Total Current Liabilities
(4) |
80.928 |
75.240 |
112.693 |
|
|
|
|
|
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TOTAL |
635.983 |
596.373 |
598.992 |
|
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|
|
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II.
ASSETS |
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|
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|
(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
199.552 |
169.862 |
126.386 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
4.545 |
6.203 |
6.888 |
|
(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 |
83.418 |
94.661 |
105.338 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
287.515 |
270.726 |
238.612 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
98.525 |
59.005 |
58.205 |
|
(c) Trade receivables |
100.241 |
101.038 |
99.035 |
|
(d) Cash and cash
equivalents |
62.874 |
99.837 |
141.862 |
|
(e) Short-term loans and
advances |
82.997 |
65.767 |
60.939 |
|
(f) Other current assets |
3.831 |
0.000 |
0.339 |
|
Total Current Assets |
348.468 |
325.647 |
360.380 |
|
|
|
|
|
|
TOTAL |
635.983 |
596.373 |
598.992 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
840.854 |
832.560 |
839.061 |
|
|
Other Income |
6.866 |
12.982 |
12.002 |
|
|
TOTAL |
847.720 |
845.542 |
851.063 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
605.930 |
546.807 |
636.161 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(19.986) |
13.720 |
(8.163) |
|
|
Employees benefits
expense |
60.807 |
52.031 |
39.307 |
|
|
Other expenses |
147.917 |
137.560 |
108.948 |
|
|
Exceptional Items |
0.000 |
0.000 |
0.064 |
|
|
TOTAL |
794.668 |
750.118 |
776.317 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
53.052 |
95.424 |
74.746 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.149 |
1.797 |
2.612 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
51.903 |
93.627 |
72.134 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
16.738 |
12.268 |
8.269 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
35.165 |
81.359 |
63.865 |
|
|
|
|
|
|
|
Less |
TAX |
11.792 |
23.537 |
19.076 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
23.373 |
57.822 |
44.789 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
312.653 |
255.010 |
294.027 |
|
|
|
|
|
|
|
Add |
Reserves of PPPL after
amalgamation adjustment |
0.000 |
0.000 |
81.473 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
adjustment related to TDS
written off |
0.000 |
0.179 |
0.146 |
|
|
adjustment related to
capital reserve |
0.000 |
0.000 |
164.681 |
|
|
adjustment related to
share capital |
0.000 |
0.000 |
0.452 |
|
|
Balance Carried to the
B/S |
336.026 |
312.653 |
255.010 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
|
|
|
|
|
Basic |
217.36 |
537.71 |
1148.44 |
|
|
Diluted |
217.36 |
537.71 |
1148.44 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.511 |
0.963 |
0.000 |
|
Cash generated from operations |
12.908 |
42.086 |
NA |
|
Net cash flow from operating activities |
(3.792) |
25.386 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
43.51 |
44.30 |
43.08 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
8.39 |
8.24 |
8.47 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
39.14 |
27.08 |
33.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.54 |
1.62 |
1.28 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.26 |
0.54 |
0.56 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.14 |
0.13 |
0.24 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.01 |
0.02 |
0.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.16 |
0.15 |
0.26 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.39 |
0.35 |
0.30 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
46.17 |
53.10 |
28.62 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
2.78 |
6.95 |
5.34 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.68 |
9.70 |
7.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.50 |
11.66 |
10.22 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
4.31 |
4.33 |
3.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
3.09 |
3.54 |
2.68 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.82 |
0.83 |
0.73 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
6.67 |
11.20 |
48.09 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
4.31 |
4.33 |
3.20 |
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 |
1.075 |
1.075 |
1.075 |
|
Reserves & Surplus |
437.321 |
494.964 |
518.338 |
|
Net
worth |
438.396 |
496.039 |
519.413 |
|
|
|
|
|
|
Long Term borrowings |
33.831 |
0.317 |
5.074 |
|
Short Term borrowings |
17.870 |
10.761 |
0.580 |
|
Current Maturities of Long term debt |
0.000 |
0.963 |
1.511 |
|
Total
borrowings |
51.701 |
12.041 |
7.165 |
|
Debt/Equity
ratio |
0.118 |
0.024 |
0.014 |
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
|
839.061 |
832.560 |
840.854 |
|
|
|
(0.775) |
0.996 |
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
|
839.061 |
832.560 |
840.854 |
|
Profit |
44.789 |
57.822 |
23.373 |
|
|
5.34% |
6.95% |
2.78% |
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 |
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 |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
Subject is a well-established plastic manufacturing company incorporated on 14th February, 1989 under the provisions of the Companies Act, 1956. The Company is engaged mainly in the business of manufacturing of plastic i.e shrink films, plastic bottles, etc. The company caters both domestic Ii international market.
The registered office address of the company has been changed from 1, Jash Markel Ring Road, Surat-395001 to 505-506, Union heights, Near Rahul Raj Mall, Vesu, Surat-395007.
STATE OF COMPANY'S
AFFAIRS
The Director"- has reported that the company has posted income of INR 847.720 million in the current year as compared to income of INR 845.542 million in the corresponding previous year. However, due to unavoidable expenses the company has generated lower net profit of INR 23.373 million in the current year as compared to net profit of INR 57.822 million in the corresponding previous year.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
A77669448 |
10197308 |
DIRECTOR OF INDUSTRIES HIMACHAL PRADESH THROUGH DEPUTY DIRECTOR OF INDUSTRIES |
30/12/2009 |
- |
- |
3000000.0 |
SINGLE WINDOW CLEARANCE AGENCY, BADDI - BAROTIWALA - NALAGARH AREA, BADDI, SOLAN BADDI – 173205, HIMACHAL PRADESH, INDIA |
|
2 |
C23623218 |
10119426 |
ORIENTAL BANK OF COMMERCE |
18/08/2008 |
28/01/2010 |
22/09/2014 |
60000000.0 |
JASH MARKET, RING ROAD, SURAT – 395002, GUJARAT, INDIA |
|
3 |
A90381013 |
10119427 |
ORIENTAL BANK OF COMMERCE |
18/08/2008 |
- |
23/07/2010 |
8000000.0 |
RING ROAD, SURAT – 395002, GUJARAT, INDIA |
|
4 |
A91688564 |
10119302 |
ORIENTAL BANK OF COMMERCE |
18/08/2008 |
- |
23/07/2010 |
24800000.0 |
RING ROAD, SURAT – 395002, GUJARAT, INDIA |
|
5 |
A91689752 |
10119521 |
ORIENTAL BANK OF COMMERCE |
18/08/2008 |
- |
23/07/2010 |
30000000.0 |
JASH MARKET, RING ROAD, SURAT – 395002, GUJARAT, INDIA |
|
6 |
A91690685 |
10127238 |
ORIENTAL BANK OF COMMERCE |
10/10/2008 |
- |
23/07/2010 |
54800000.0 |
JASH MARKET, RING ROAD, SURAT – 395002, GUJARAT, INDIA |
|
7 |
A91687673 |
10119303 |
ORIENTAL BANK OF COMMERCE |
18/08/2008 |
- |
23/07/2010 |
24800000.0 |
RING ROAD, SURAT – 395002, GUJARAT, INDIA |
|
8 |
A64965718 |
10032967 |
ICICI BANK LIMITED |
06/12/2006 |
- |
23/06/2009 |
50000000.0 |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, VADODARA – 390015, GUJARAT, INDIA |
|
9 |
A48299077 |
10036077 |
ICICI BANK LIMITED |
19/01/2007 |
- |
01/10/2008 |
68250000.0 |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, VADODARA – 390015, GUJARAT, INDIA |
|
10 |
A48260244 |
80019259 |
ICICI BANK LIMITED |
16/01/2006 |
22/12/2006 |
01/10/2008 |
75000000.0 |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, VADODARA – 390015, GUJARAT, INDIA |
FIXED ASSETS:
Tangible Assets
·
Accessories and Utilities
·
Advertisement Hoardings
·
Chilling Plant and
Compressor
·
Computer and Peripherals
· Computer Software
· Electrical Installation
· Factory building
· Furniture and Fixtures
· Lab Equipments
· Leasehold Land
· Moulds and Dies
· Office Equipment
· Plant and Machineries
· Vehicles
· Material Handling Equipment
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 63.72 |
|
|
1 |
INR 88.64 |
|
Euro |
1 |
INR 78.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NSG |
|
|
|
|
Report Prepared
by : |
GEET |
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.