|
|
|
MIRA INFORM REPORT
|
Report No. : |
487724 |
|
Report Date : |
23.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
KRISHNA SHEET PROCESSORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
801, Business Classic, 8th Floor, |
|
Tel. No.: |
91-22-40033333 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
10.04.1995 |
|
|
|
|
Com. Reg. No.: |
11-087327 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 31.220 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH1995PTC087327 |
|
|
|
|
IEC No.: |
0397025670 |
|
|
|
|
GSTIN : |
27AAACK9040M1Z9 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK13053F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK9040M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
[Registered Activity]
[Confirmed by management] |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1995. It is engaged in trading,
importing and processing of MS Iron and Steel such as CR and HR Steel Rolled Sheet,
etc. Management has not filed its financial record with government
department for the year 2017 and same are not available from any other
sources. For the financial year ended 2016, the company has achieved a decent
growth of 32.02% in its revenue as compared to the previous year’s revenue
and has reported a low net profit margin of 0.76%. The company possesses healthy financial profile marked by above
average net worth base along with satisfactory liquidity position. Rating takes into consideration the company’s favorable Earning Per
Share (EPS) of INR 121.26 as against its Face Value (FV) of INR 100. Business is active. Payments are reported to be slow but 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 (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Long Term Loans = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
26.09.2017 |
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Short Term Loans = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
26.09.2017 |
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 23.01.2018.
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
|
Name : |
Ms. Sarikha Parikh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-40033333 |
LOCATIONS
|
Registered Office : |
801, Business Classic, 8th Floor, Chincholi Bunder Road,
Off S.V. Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-40033333 |
|
Mobile No.: |
91-9322220809 (Mr. Rohit) |
|
Fax No.: |
91-22-23411739 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Warehouse : |
Plot No. C-26, M.I.D.C., Taloja, Navi Mumbai – 400614, Maharashtra,
India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Kapilkumar Rupchand Agarwal |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
E-403, Pleasant Park, Plot No.60, |
||||||||||||
|
Date of Birth/Age : |
20.09.1964 |
||||||||||||
|
Qualification : |
M.Com |
||||||||||||
|
Date of Appointment : |
10.04.1995 |
||||||||||||
|
DIN No.: |
00216944 |
||||||||||||
|
PAN No.: |
AACPA0977E |
||||||||||||
|
DIN No.: |
|
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Biharisaran Babulal Khandelwal |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
A-602, Millenium Garden, Upper Govind Nagar, Malad (East), Mumbai –
400097, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
20.10.1947 |
||||||||||||
|
Qualification : |
B.SC |
||||||||||||
|
Date of Appointment : |
10.04.1995 |
||||||||||||
|
DIN No.: |
00217021 |
||||||||||||
|
PAN No.: |
AACPK5606Q |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Rohit Dharampal Gupta |
||||||||||||
|
Designation : |
Additional Director |
||||||||||||
|
Address : |
31, Casa Blance Society Opposite to Poonima Talkies, Murbad Road, Kalyan West - 421301, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
12.01.1977 |
||||||||||||
|
Qualification : |
Electrical Engineer |
||||||||||||
|
Date of Appointment : |
08.03.2016 |
||||||||||||
|
PAN No.: |
AAQPG8259H |
||||||||||||
|
DIN No.: |
01116188 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Sarikha Parikh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
|
|
Biharisaran Khandelwal |
|
19300 |
|
Biharisaran Khandelwal (HUF) |
|
7000 |
|
Shashikala B. Khandelwal |
|
35250 |
|
Sheenu V. Khandelwal |
|
31500 |
|
Vikram B. Khandelwal |
|
11000 |
|
Kapil Kumar Agarwal |
|
27000 |
|
Bindu K. Agarwal |
|
47550 |
|
Dharampal R. Gupta |
|
3800 |
|
Rajendrakumar Singhal |
|
100 |
|
Rohit D. Gupta |
|
23000 |
|
Premier Soya Limited, |
|
23495 |
|
Indo Con Core Private Limited, |
|
11830 |
|
Smita R. Gupta |
|
4100 |
|
Sudha D. Gupta |
|
300 |
|
Krishna Coil Cutter Private Limited, India |
|
66975 |
|
|
|
|
|
Total |
|
312200 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
18.29 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
48.94 |
|
Public/Other than promoters - Body corporate |
32.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
[Registered Activity]
[Confirmed by management] |
||||
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||||
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Products / Services
: |
|
||||
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||||
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Brand Names : |
Not Available |
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|
|
|
||||
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Agencies Held : |
Not Available |
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|
||||
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Exports : |
Not Available |
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|
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|
||||
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Imports : |
|||||
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Countries : |
|
||||
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|
||||
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Terms : |
|
||||
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Selling : |
Cheque |
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|
|
|
||||
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Purchasing : |
Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||
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Customers : |
Retailers, End Users
|
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|
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No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||
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|
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Thakkar and Somaiya Chartered Accountants |
|
Address : |
101-A/102-B, Giriraj 1st Floor, Sant Tukaram Road, Mumbai –
400009, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFT1285G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
Krishna Coil Cutters Private Limited, India U27106GJ2007PTC050197 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Krishna Sales and Marketing, India |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
312200 |
Equity Shares |
INR 100/- each |
INR 31.220 Million |
|
|
|
|
|
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 |
31.220 |
31.220 |
31.220 |
|
(b) Reserves &
Surplus |
595.566 |
557.709 |
527.382 |
|
(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) |
626.786 |
588.929 |
558.602 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.879 |
|
(c) Other long term
liabilities |
0.000 |
0.260 |
3.129 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.260 |
4.008 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
36.673 |
12.473 |
31.688 |
|
(b) Trade payables |
193.097 |
346.912 |
226.189 |
|
(c) Other current
liabilities |
767.828 |
167.663 |
349.258 |
|
(d) Short-term provisions |
20.079 |
14.879 |
11.600 |
|
Total Current Liabilities
(4) |
1017.677 |
541.927 |
618.735 |
|
|
|
|
|
|
TOTAL |
1644.463 |
1131.116 |
1181.345 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
54.336 |
55.903 |
60.133 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
65.901 |
62.631 |
62.631 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
38.464 |
54.275 |
25.609 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
25.012 |
|
Total Non-Current Assets |
158.701 |
172.809 |
173.385 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
4.406 |
30.451 |
|
(b) Inventories |
576.585 |
268.754 |
262.400 |
|
(c) Trade receivables |
558.846 |
438.727 |
488.539 |
|
(d) Cash and cash equivalents |
107.068 |
174.649 |
173.266 |
|
(e) Short-term loans and
advances |
243.263 |
71.771 |
53.304 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1485.762 |
958.307 |
1007.960 |
|
|
|
|
|
|
TOTAL |
1644.463 |
1131.116 |
1181.345 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
5000.957 |
3787.981 |
2870.679 |
|
|
|
|
Other Income |
110.346 |
18.452 |
9.992 |
|
|
|
|
TOTAL |
5111.303 |
3806.433 |
2880.671 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Purchase of Stock-in-trade |
5017.654 |
3598.673 |
2530.750 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(307.830) |
(6.354) |
150.707 |
|
|
|
|
Employee Benefits Expenses |
10.602 |
9.380 |
7.086 |
|
|
|
|
Other Expenses |
286.755 |
129.130 |
99.930 |
|
|
|
|
TOTAL |
5007.181 |
3730.829 |
2788.473 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
104.122 |
75.604 |
92.198 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
42.470 |
26.198 |
50.571 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
61.652 |
49.406 |
41.627 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
4.562 |
4.934 |
2.978 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
57.090 |
44.472 |
38.649 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
19.233 |
14.145 |
12.326 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
37.857 |
30.327 |
26.323 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
599.299 |
311.120 |
126.759 |
|
|
|
TOTAL IMPORTS |
599.299 |
311.120 |
126.759 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
121.26 |
971.4 |
84.31 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(51.826) |
(540.653) |
116.954 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
40.79 |
42.27 |
62.12 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.95 |
8.63 |
5.88 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
14.05 |
35.19 |
32.62 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.18 |
0.28 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.92 |
1.35 |
1.53 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.62 |
0.48 |
0.52 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.06 |
0.02 |
0.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.62 |
0.92 |
1.11 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.09 |
0.09 |
0.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.45 |
2.89 |
1.82 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.76 |
0.80 |
0.92 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.30 |
2.68 |
2.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.04 |
5.15 |
4.71 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.46 |
1.77 |
1.63 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.89 |
1.27 |
1.20 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.38 |
0.52 |
0.47 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.17 |
0.40 |
1.01 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.46 |
1.77 |
1.63 |
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 |
31.220 |
31.220 |
31.220 |
|
Reserves & Surplus |
527.382 |
557.709 |
595.566 |
|
Net worth |
558.602 |
588.929 |
626.786 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
31.688 |
12.473 |
36.673 |
|
Total borrowings |
31.688 |
12.473 |
36.673 |
|
Debt/Equity ratio |
0.057 |
0.021 |
0.059 |
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 |
2870.679 |
3787.981 |
5000.957 |
|
|
|
31.954 |
32.022 |
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 |
2870.679 |
3787.981 |
5000.957 |
|
Profit |
26.323 |
30.327 |
37.857 |
|
|
0.92% |
0.80% |
0.76% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
31.220 |
31.220 |
|
(b) Reserves &
Surplus |
|
627.763 |
582.900 |
|
(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) |
|
658.983 |
614.120 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.260 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.000 |
0.260 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
36.673 |
12.473 |
|
(b) Trade payables |
|
193.098 |
346.912 |
|
(c) Other current
liabilities |
|
767.828 |
167.663 |
|
(d) Short-term provisions |
|
20.079 |
14.879 |
|
Total Current Liabilities
(4) |
|
1017.678 |
541.927 |
|
|
|
|
|
|
TOTAL |
|
1676.661 |
1156.307 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
54.337 |
55.903 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
98.099 |
87.822 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
38.464 |
54.275 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
190.900 |
198.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
4.406 |
|
(b) Inventories |
|
576.585 |
268.754 |
|
(c) Trade receivables |
|
558.846 |
438.727 |
|
(d) Cash and cash
equivalents |
|
107.068 |
174.649 |
|
(e) Short-term loans and
advances |
|
243.262 |
71.771 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
1485.761 |
958.307 |
|
|
|
|
|
|
TOTAL |
|
1676.661 |
1156.307 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
Income |
|
5000.957 |
3787.981 |
|
|
Other Income |
|
110.346 |
18.452 |
|
|
TOTAL |
|
5111.303 |
3806.433 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
5017.654 |
3598.673 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(307.830) |
(6.354) |
|
|
Employees benefits expense |
|
10.602 |
9.380 |
|
|
Other expenses |
|
286.755 |
129.130 |
|
|
TOTAL |
|
5007.181 |
3730.829 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
104.122 |
75.604 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
42.470 |
26.198 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
61.652 |
49.406 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
4.562 |
4.934 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
57.090 |
44.472 |
|
|
|
|
|
|
|
Less |
TAX (H) |
|
19.233 |
14.145 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
|
37.857 |
30.327 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
|
121.26 |
97.14 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
No |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: Registered office
of the company has been shifted from Village Sapgaon Post Office Khutghar Tal Shahpur,
Thane – 421601, Maharashtra, India to the present address w.e.f. 01.04.2008.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
SHORT TERM
BORROWING |
|
|
|
Other loans and advances |
5.044 |
0.000 |
|
Loans and advances from related parties |
19.305 |
1.073 |
|
Intercorporate deposits |
12.324 |
11.400 |
|
|
|
|
|
Total |
36.673 |
12.473 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G34728055 |
100074975 |
23/12/2016 |
- |
- |
40000000.0 |
Shantinath Shopping Centre, 1st Floor, S. V. Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
2 |
G37954856 |
90152278 |
28/09/2005 |
10/02/2017 |
- |
1150000000.0 |
Shantinath Shopping Centre, 1st Floor, S. V. Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
3 |
G37955143 |
80027869 |
28/09/2005 |
10/02/2017 |
- |
1150000000.0 |
Shantinath Shopping Centre, 1st Floor, S. V. Road, Malad (West), Mumbai – 400064, Maharashtra, India |
FIXED ASSETS:
·
Building
·
Plant and Equipment
·
Furniture and Fixture
·
Vehicles
·
Motor Vehicle
·
Office Equipment
·
Computer 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
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
KJL |
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.