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MIRA INFORM REPORT
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Report No. : |
487274 |
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Report Date : |
22.01.2018 |
IDENTIFICATION DETAILS
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Name : |
DEV PRIYA PRODUCTS PRIVATE LIMITED (w.e.f.
19.11.2014) |
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Formerly Known
As : |
DEV PRIYA PRODUCTS LIMITED |
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Registered
Office : |
1st Floor, 4, Shankar Vihar, Vikas Marg, New Delhi - 110006 |
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Tel. No.: |
91-11-22013156/ 22013159/ 22460457 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
09.07.1993 |
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Com. Reg. No.: |
55-054397 |
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Capital
Investment / Paid-up Capital : |
INR 53.500
Million |
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CIN No.: [Company Identification
No.] |
U74899DL1993PTC054397 |
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IEC No.: |
0596070306 |
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GSTIN : |
09AAACD4276C1ZV |
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PAN No.: [Permanent Account No.] |
AAACD4276C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Paper and Paper Boards (Kraft Paper and Duplex Board). [Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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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 1993 and it is engaged in the Business of manufacturing Paper and Duplex Board. As per registrar of companies the date of balance sheet i.e. financial
filed is shown as 31.03.2017 but the documents related to the financial for
the year 31.03.2017 are not available from any source. For the financial year ended 2016, company has reported 16.05% revenue
growth as compared to previous year and it has maintain average profitability
margin at 2.56% during the year. The company’s satisfactory financial profile is reflected by its average
solvency indicators due to low debt balance sheet profile along with sound
net worth base and moderate liquidity position. Rating also derive strength from the company’s established track
record of business operations and promoters extensive industry experience. However, ratings strengths are partially offset by risk related to
profitability margins, highly competitive industry along with susceptibility
of margins to volatility in raw material prices. Trade relations are reported as fair. Payment terms 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (31.03.2017) |
Current Rating (30.06.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: BBB+(Suspended) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
19.12.2016 |
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 22.01.2018
INFORMATION DECLINED
Management non-cooperative (Tel No.: 91-11-22013159/ 121-2620122/
2620933)
LOCATIONS
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Registered Office : |
1st Floor, 4, Shankar Vihar, Vikas Marg, New Delhi – 110006, India |
|
Tel. No.: |
91-11-22013156/ 22013159/ 22460457 |
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Mobile No.: |
91-9917831592 (Mr. Shahbaz Ansari) |
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Fax No.: |
91-11-22013156/ 22013159 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Locality : |
Commercial |
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Admin/ Correspondence
Office : |
A-2, Shambhu Nagar, Baghat Road, Meerut – 250002, Uttar Pradesh, India |
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Telefax : |
91-121-2512181 |
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Factory : |
Village Saini, 8th Km, Mawana Road, Meerut - 250002, Uttar Pradesh, India |
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Tel. No.: |
91-121-2623031/ 2620133/ 2620933 |
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Fax No.: |
91-121-2621904 |
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E-Mail : |
DIRECTORS
AS ON 31.03.2017
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Name : |
Mr. Manish Gupta |
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Designation : |
Whole-time director |
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Address : |
A-2, Shambhu Nagar, Baghpat Road, Meerut – 250002, Uttar Pradesh,
India |
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Date of Birth/Age : |
11.08.1972 |
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Qualification : |
PG |
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Date of Appointment : |
10.03.2006 |
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PAN No.: |
AATPG4474F |
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DIN No.: |
00052876 |
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Other Directorship :
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Name : |
Mr. Rajeev Kumar Gupta |
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Designation : |
Wholetime Director |
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Address : |
Dev Priya, Shambhu Nagar, Baghpat Road, Meerut-250002, Uttar Pradesh, India |
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Date of Birth/Age : |
02.04.1965 |
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Date of Appointment : |
01.04.2003 |
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PAN No.: |
AAQPG8120R |
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Passport No.: |
PG |
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DIN No.: |
00126905 |
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Other Directorship :
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KEY EXECUTIVES
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Name : |
Mr. Vipin Kumar |
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Designation : |
Company Secretary |
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Address : |
Shyam Singh Vihar Street No. 8, Santpura, Modinagar-201201, Uttar Pradesh, India |
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Date of Appointment : |
20.04.2016 |
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PAN No.: |
DLGPK0777J |
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Name : |
Kumar Sanchit and Associates |
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Designation : |
Company Secretary |
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Address : |
91, Sukhimal, Dasna Gate, Gaziabad - 201201, Uttar Pradesh, India |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Benu Gupta |
80000 |
1.50 |
|
Krish RPG Trust, India |
42500 |
0.79 |
|
Bhavya Rpg Trust, India |
23000 |
0.43 |
|
Manish Gupta |
733000 |
13.70 |
|
Manish Dhruv Trust, India |
20500 |
0.38 |
|
Devanshu Gupta |
150000 |
2.80 |
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RPG Nirman Private Limited, India |
910000 |
17.01 |
|
Rajeev Gupta |
538500 |
10.07 |
|
Sanjeev Gupta |
766000 |
14.32 |
|
Kalpana Gupta |
200000 |
3.74 |
|
Mas Dhruv Gupta (UG) |
50000 |
0.93 |
|
Holly commercial Private Limited, India |
475000 |
8.88 |
|
Watika Niram Private Limited, India |
424000 |
7.93 |
|
A.S Papers Private Limited, India |
325000 |
6.07 |
|
VRP Telematics Private Limited, India |
612500 |
11.45 |
|
Total |
5350000 |
100.00 |
AS ON 28.09.2017
|
Equity Share
Break up |
|
Percentage |
|
Category |
|
|
|
Promoters (Individual/ Hindu Undivided Family- Indian) |
|
46.12 |
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Public/Other than promoters (Body corporate) |
|
51.34 |
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Public/Other than promoters (Others) |
|
2.54 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Paper and Paper Boards (Kraft Paper and Duplex Board). [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 : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Shiam and Company Chartered Accountants |
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Address : |
33/46A, 1st Floor, Agarwal Market, Arya Samaj Road, Muzaffarnagar
– 251001, Uttar Pradesh, India |
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PAN No.: |
AACFS9134R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Parties : |
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CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5350000 |
Equity Shares |
INR 10/- each |
INR 53.500 Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
53.500 |
53.500 |
53.500 |
|
(b) Reserves and Surplus |
533.543 |
439.396 |
367.261 |
|
(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 |
587.043 |
492.896 |
420.761 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
282.909 |
319.302 |
310.134 |
|
(b) Deferred tax liabilities (Net) |
109.599 |
105.939 |
103.438 |
|
(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 |
392.508 |
425.241 |
413.572 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
290.492 |
229.839 |
208.280 |
|
(b) Trade
payables |
354.022 |
322.287 |
360.357 |
|
(c) Other current
liabilities |
117.501 |
143.075 |
142.707 |
|
(d) Short-term
provisions |
6.455 |
1.975 |
1.994 |
|
Total Current
Liabilities |
768.470 |
697.176 |
713.338 |
|
|
|
|
|
|
TOTAL |
1748.021 |
1615.313 |
1547.671 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
590.317 |
590.790 |
578.021 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 loans and advances |
7.985 |
18.590 |
7.996 |
|
(e) Other Non-current
assets |
25.590 |
35.661 |
55.772 |
|
Total Non-Current
Assets |
623.892 |
645.041 |
641.789 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
320.690 |
341.806 |
241.352 |
|
(c) Trade
receivables |
744.047 |
542.203 |
593.199 |
|
(d) Cash and
bank balances |
23.305 |
52.036 |
24.835 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
36.087 |
34.227 |
46.496 |
|
Total
Current Assets |
1124.129 |
970.272 |
905.882 |
|
|
|
|
|
|
TOTAL |
1748.021 |
1615.313 |
1547.671 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3681.927 |
3172.781 |
2836.224 |
|
|
Other Income |
2.923 |
1.644 |
1.531 |
|
|
TOTAL |
3684.850 |
3174.425 |
2837.755 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2065.362 |
1693.862 |
1532.865 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.526 |
1.581 |
(13.332) |
|
|
Employee benefit expense |
124.002 |
92.157 |
64.151 |
|
|
CSR expenditure |
1.857 |
1.104 |
0.000 |
|
|
Other expenses |
1243.616 |
1181.007 |
1058.375 |
|
|
TOTAL |
3437.363 |
2969.711 |
2642.059 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
247.487 |
204.714 |
195.696 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
65.193 |
63.751 |
62.331 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
182.294 |
140.963 |
133.365 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
35.947 |
34.675 |
57.925 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
146.347 |
106.288 |
75.440 |
|
|
|
|
|
|
|
Less |
TAX |
52.200 |
34.153 |
25.080 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
94.147 |
72.135 |
50.360 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
11005.233 |
1080.572 |
963.006 |
|
|
TOTAL IMPORTS |
11005.233 |
1080.572 |
963.006 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
17.6 |
13.48 |
9.41 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
46.083 |
58.583 |
55.257 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
136.114 |
162.667 |
160.397 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
22.381 |
67.265 |
82.375 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
73.76 |
62.38 |
76.34 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
4.95 |
5.85 |
4.78 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
62.56 |
69.45 |
85.81 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.77 |
0.60 |
0.81 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.42 |
0.35 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.63 |
0.67 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.06 |
1.23 |
1.36 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.31 |
1.41 |
1.70 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.01 |
1.20 |
1.37 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.80 |
3.21 |
3.14 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
2.56 |
2.27 |
1.78 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.39 |
4.47 |
3.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
16.04 |
14.63 |
11.97 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.46 |
1.39 |
1.27 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.05 |
0.90 |
0.93 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.34 |
0.31 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
11.58 |
11.36 |
10.72 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.46 |
1.39 |
1.27 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
53.500 |
53.500 |
53.500 |
|
Reserves & Surplus |
367.261 |
439.396 |
533.543 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
420.761 |
492.896 |
587.043 |
|
|
|
|
|
|
long-term borrowings |
310.134 |
319.302 |
282.909 |
|
Short term borrowings |
208.280 |
229.839 |
290.492 |
|
Current Maturities of Long
term debt |
55.257 |
58.583 |
46.083 |
|
Total
borrowings |
573.671 |
607.724 |
619.484 |
|
Debt/Equity
ratio |
1.363 |
1.233 |
1.055 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2836.224 |
3172.781 |
3681.927 |
|
|
0.000 |
11.866 |
16.047 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2836.224 |
3172.781 |
3681.927 |
|
Profit/ (Loss) |
50.360 |
72.135 |
94.147 |
|
|
1.78
% |
2.27
% |
2.56
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate borrowing |
183.425 |
144.793 |
|
Loan and Advances from related parties |
95.197 |
111.277 |
|
Total |
278.622 |
256.070 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Amount |
Address |
|
1 |
G73338014 |
100146709 |
PUNJAB NATIONAL BANK |
28/09/2017 |
- |
100000000.0 |
SPORTS COMPLEX MEERUTMEERUTUP250002IN |
|
2 |
G48725691 |
100110937 |
PUNJAB NATIONAL BANK |
28/06/2017 |
- |
650000.0 |
SPORTS COMPLEXMEERUTUP250002IN |
|
3 |
G33965237 |
100076244 |
PUNJAB NATIONAL BANK |
22/12/2016 |
- |
10000000.0 |
SPORTS COMPLEX MEERUTMEERUTUP250001IN |
|
4 |
G05123047 |
100031113 |
Punjab National Bank |
02/04/2016 |
- |
1700000.0 |
Sports ComplexMeerutUP250002IN |
|
5 |
G05123161 |
100031114 |
Punjab National Bank |
02/04/2016 |
- |
1700000.0 |
Sports ComplexMeerutUP250002IN |
|
6 |
G01956994 |
100021460 |
PUNJAB NATIONAL BANK |
21/03/2016 |
- |
50000000.0 |
SPORTS COMPLEX BRANCHMEERUTUR250001IN |
|
7 |
C51057495 |
10563897 |
PUNJAB NATIONAL BANK |
25/03/2015 |
- |
2100000.0 |
SPORTS COMPLEXMEERUTUP250002IN |
|
8 |
C41068107 |
10323585 |
PUNJAB NATIONAL BANK |
25/11/2011 |
26/12/2014 |
520000000.0 |
SPORTS COMPLEX BRANCHMEERUTUP250001IN |
|
9 |
G73234783 |
90053177 |
PUNJAB NATIONAL BANK |
14/10/1997 |
28/09/2017 |
450000000.0 |
SPORTS COMPLEX MEERUTMEERUTUP250002IN |
|
10 |
Y10133159 |
90053064 |
U.P.F.C |
31/03/1997 |
23/07/2002 |
29000000.0 |
14/88; CIVIL |
THE COMPANY'S WORKING
DURING THE YEAR/STATE OF COMPANY'S AFFAIR
The Company Dev Priya Products Private Limited (Formerly known as Dev Priya Products Limited) is a Private Limited Company domiciled in India and Incorporated on 09th July, 1993 under the provisions of the companies act, 1956. It is engaged in the Business of manufacturing Paper and Duplex Board. Its registered office is situated at 1st Floor, 4 Shankar Vihar, Vikas Marg, Delhi-92.
FIXED ASSETS:
Tangible Assets
· Land
· Buildings
· Office Building
· Factory Building
· Plant and Equipment
· Factory Equipment
· Other Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipment
·
Other 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 63.89 |
|
|
1 |
INR 88.60 |
|
Euro |
1 |
INR 78.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
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 |
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.