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|
|
MIRA INFORM REPORT
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Report No. : |
487394 |
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Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ANNAPURNA PET PRIVATE LIMITED |
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Registered
Office : |
A-201/202, 2nd Floor, Rajeshri Accord, Telly Cross Lane, Off. S.N.
Road, Near Station, Andheri (East), Mumbai – 400069, Maharashtra |
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Tel. No.: |
91-22-65250005 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of Incorporation
: |
01.06.2011 |
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Com. Reg. No.: |
11-218187 |
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Capital
Investment / Paid-up Capital : |
INR 12.672 Million |
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CIN No.: [Company Identification
No.] |
U25203MH2011PTC218187 |
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IEC No.: |
0311022952 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAJCA5155C |
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GSTIN/UIN : |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Plastics Products. (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 255000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2011. It is engaged in the business of manufacturing of polyethylene terephthalate (PET) pre-forms and bottle caps, used in the manufacturing of plastic bottles/containers. For the financial year 2016, the company has achieved revenue growth of 20.33% as compared to the previous year along with a profit margin of 0.68%. The satisfactory financial risk profile of the company is marked by sufficient net worth base along with average debt balance sheet profile. Rating is constrained by susceptibility of margins to fluctuation in input prices and presence in highly regulated and competitive plastic product industry. 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. Note: As per Registrar of Companies, the date of balance sheet i.e. financials filed is shown as 31st March, 2017 but documents related to the financials for the year 2017 are not available from any sources. |
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 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities – BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
02.05.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short-term bank facilities – A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
02.05.2017 |
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 24.01.2018.
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
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-65250005)
(Tel. No.: 91-22-28723740 Not working) (Mobile No.: 91-9821776737
Incorrect number)
LOCATIONS
|
Registered Office/ Corporate Office : |
A-201/202, 2nd Floor, Rajeshri Accord, Telly Cross Lane, Off. S.N. Road,
Near Station, Andheri (East), Mumbai – 400069, Maharashtra, India |
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Tel. No.: |
91-22-65250005 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory : |
Survey No. 18, Near Varoli River, Village Humran, Sanjan,
Umargaon, District: Valsad – 396165,
Gujarat, India |
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Office : |
503, Aditya Banarsi Ileritage Mind Space, Off Link Road, Malad (West),
Mumbai – 400064, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sunil Badriprasad Goyal |
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Designation : |
Director |
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Address : |
731/A, 7th Floor, Akshay Girikunj-Iii Paliram Road, Andheri (West) Mumbai – 400058, Maharashtra, India |
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Date of Birth/Age : |
04.10.1967 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
00503570 |
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Other Directorship:
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Name : |
Mr. Krishan Murari Tulsian |
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Designation : |
Director |
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Address : |
B/501, Aster Tower, Vasant Valley Film City Road, Malad (East) Mumbai - 400097, Maharashtra, India |
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Date of Birth/Age : |
13.12.1961 |
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Date of Appointment : |
01.06.2011 |
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DIN No.: |
00508806 |
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Other Directorship:
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Name : |
Mr. Suresh Kumar Murarka |
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Designation : |
Director |
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Address : |
B-503/504, Sahyadri, Upper Govind Nagar, Malad (East) Mumbai - 400097, Maharashtra, India |
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Date of Birth/Age : |
01.12.1967 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
01496223 |
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Other Directorship:
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Name : |
Mr. Atul Aggarwal |
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Designation : |
Director |
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Address : |
R/O Ateli Mandi, Near Old Anaj Mandi Tehnanraul, District - M/Garh, Haryana 123001, India |
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Date of Appointment : |
25.01.2017 |
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DIN No.: |
03547197 |
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Other Directorship:
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Name : |
Mr. Vimalkumar Shriram Bajoria |
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Designation : |
Director |
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Address : |
104/105 Ahimsa Kutir, Chincholi Link Road, Malad (West), Mumbai – 400064, Maharashtra, India |
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Date of Birth/Age : |
27.12.1957 |
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Date of Appointment : |
20.06.2011 |
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DIN No.: |
03548598 |
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MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
|
Ladderup Finance Limited, India |
|
1488210 |
|
Ravi Bajoria |
|
81080 |
|
Rajhans Trader Private Limited, India |
|
85000 |
|
Dheeraj Bajoria |
|
47500 |
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Secure Quick Financial Services Private Limited, India |
|
263630 |
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Vimal Kumar Bajoria |
|
99750 |
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Anil Kumar Agarwal |
|
40900 |
|
Atul Kumar Agarwal |
|
43000 |
|
Kavita Tulsian |
|
24000 |
|
K. M. Tulsian - HUF |
|
5000 |
|
Jaiprakash Bajoria |
|
16450 |
|
K. M. Tulsian |
|
5100 |
|
Vijay Shankar Bajoria |
|
34330 |
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Asha Bajoria |
|
14610 |
|
Vimal Kumar Bajoria (HUF) |
|
4500 |
|
Dheeraj Bajoria (HUF) |
|
4500 |
|
Raghav Agro Products Private Limited, India |
|
15000 |
|
Sunita Murarka |
|
118840 |
|
Anil Kumar (HUF) |
|
16000 |
|
Punit Tulsian |
|
17000 |
|
Manju Agarwal |
|
5000 |
|
Suresh Murarka |
|
220000 |
|
Anmol Insurance Consultant Private Limited, India |
|
400000 |
|
Spireon Cargo Private Limited, India |
|
48000 |
|
Prakash Jalan |
|
44000 |
|
Shilpa Jalan |
|
68000 |
|
Sonal Bajoria |
|
40000 |
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Names of Preference Shareholders |
|
No. of Shares |
|
Secure Quick Financial Services Private Limited, India |
|
40630 |
|
Ravi Bajoria |
|
26730 |
|
Sunita Murarka |
|
38240 |
|
Asha Bajoria |
|
20740 |
|
Ladderup Finance Limited, India |
|
83110 |
|
Sonal Bajoria |
|
19450 |
|
Anil Agarwal |
|
2100 |
|
Atul Agarwal |
|
8000 |
|
Total |
|
239000 |
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
25.78 |
|
Promoters (Body corporate) |
70.77 |
|
Public/Other than promoters (Individual/Hindu Undivided Family- Indian) |
3.45 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plastics Products. (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
|
Suppliers : |
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Customers : (As per indirect source) |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
Long-term
Borrowings A) Term loan taken
from Central Bank of India amounting to INR 100.698 Million (P.Y. 117.878
Million) is issued by 1st Hypothecation charge on land, building,
other fixed assets and entire current assets of the company. The term loan
carries interest @ Base rate + 3.50% + 0.15% (14.40%) and repayable in 75
installments along with interest starting from December, 2013. The said loan is
further secured by:- i) Collateral
security of three residential flat owned by directors and their relatives and
one another flat owned by a company in which relative of the director is a
director. ii) Personal guaranties by three directors and three relatives of
directors and A Company in which relative of the director is a director. B) Term loan II
taken from Central Bank of India amounting to INR 49.890 Million P.Y. – taken
during the year is secured by 1st Hypothecation charge on land, building,
other fixed assets and entire current assets of the company. The term loan
carries interest @ Base rate + 3.50% + 0.25% (14.50%) and repayable in 72
installments along with interest starting from December, 2014. The said loan is
further secured by:- i) Collateral
security of three residential flat owned by directors and their relatives and
one another flat owned by a company in which relative of the director is a
director. ii) Personal guaranties by three directors and three relatives of
directors and A Company in which relative of the director is a director. C) Vehicle loan
amounting of INR 0.141 Million (P.Y. 0.141 Million) d) Term Loan III taken from New India Co-operative Bank of India
amounting to INR 10.700 Million taken during the year is secured by 1st
Hypothecation Charge Plant and machinery (i.e. Mould could Half with Robot
Tubes and hopper Dryer), The team loan carries interest @13% and repayable in
54 installments alongwith interest starting from November 2015. Short-term
borrowings Cash credit
taken Central Bank of India amounting to INR 162.741 Million (P.Y. 136.579
Million) is secured by 1st Hypothecation charge on land, building,
other fixed assets and entire current assets of the company. The cash credit
is repayable on demand and caries interest @ base rate + 3.50% (14.25%). The said loan is
further secured by:- i) Collateral
security of three residential flat owned by directors and their relatives and
one another flat owned by a company in which relative of the director is a
director. ii) Personal guaranties by three directors and three relatives of
directors and A Company in which relative of the director is s director. |
|
Auditors : |
|
|
Name : |
AMS and Company Chartered Accountants |
|
Address : |
F/97, Profit Centre, 1st Floor, Opposite Balaji Party, Mahavir Nagar,
Kandivali (W), Mumbai – 400067, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AASFA3432A |
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|
|
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Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
|
|
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|
Company in which KMP is interested as Director: (As on 31.03.2016) |
|
|
|
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HUF in which KMP is interested as Karta : (As on 31.03.2016) |
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|
|
|
|
Other Related Party : (As on 31.03.2016) |
Dheeraj Bajoria HUF |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3650000 |
Equity Shares |
INR 10/- each |
INR 36.500 Million |
|
350000 |
Preference Shares |
INR 10/- each |
INR 3.500 Million |
|
|
|
|
INR 40.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3249000 |
Equity Shares |
INR 10/- each |
INR 32.490 Million |
|
239000 |
Preference Shares |
INR 10/- each |
INR 2.390 Million |
|
|
|
|
INR 34.880
Million |
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
INR 10/- each |
INR 12.500 Million |
|
350000 |
Preference Shares |
INR 10/- each |
INR 3.500 Million |
|
|
|
|
INR 16.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1049000 |
Equity Shares |
INR 10/- each |
INR 10.490 Million |
|
218200 |
Preference Shares |
INR 10/- each |
INR 2.182 Million |
|
|
|
|
INR 12.672
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 |
12.672 |
11.713 |
6.980 |
|
(b) Reserves &
Surplus |
76.655 |
64.437 |
44.109 |
|
(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) |
89.327 |
76.150 |
51.089 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
191.251 |
180.895 |
184.529 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
191.251 |
180.895 |
184.529 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
78.540 |
80.184 |
107.833 |
|
(b) Trade payables |
106.916 |
131.024 |
87.301 |
|
(c) Other current
liabilities |
33.986 |
31.428 |
27.086 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
219.442 |
242.636 |
222.220 |
|
|
|
|
|
|
TOTAL |
500.020 |
499.681 |
457.838 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
222.154 |
189.196 |
170.133 |
|
(ii) Intangible Assets |
0.044 |
0.021 |
0.032 |
|
(iii) Capital
work-in-progress |
0.000 |
36.700 |
41.684 |
|
(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) |
6.282 |
3.282 |
2.528 |
|
(d) Long-term Loan and Advances |
4.056 |
6.885 |
12.597 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
232.536 |
236.084 |
226.974 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
119.191 |
95.156 |
94.173 |
|
(c) Trade receivables |
89.059 |
117.881 |
102.204 |
|
(d) Cash and cash
equivalents |
16.149 |
20.023 |
7.381 |
|
(e) Short-term loans and
advances |
34.118 |
29.634 |
26.959 |
|
(f) Other current assets |
8.967 |
0.903 |
0.147 |
|
Total Current Assets |
267.484 |
263.597 |
230.864 |
|
|
|
|
|
|
TOTAL |
500.020 |
499.681 |
457.838 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
529.429 |
439.994 |
167.473 |
|
|
Other Income |
2.388 |
2.824 |
3.055 |
|
|
TOTAL |
531.817 |
442.818 |
170.528 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
314.573 |
276.431 |
131.078 |
|
|
Purchases of
Stock-in-Trade |
110.943 |
87.241 |
50.715 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(23.261) |
(8.477) |
(72.952) |
|
|
Employees benefits
expense |
16.810 |
14.344 |
10.410 |
|
|
Other expenses |
51.332 |
40.594 |
24.455 |
|
|
TOTAL |
470.397 |
410.133 |
143.706 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
61.420 |
32.685 |
26.822 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
35.140 |
30.628 |
21.920 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
26.280 |
2.057 |
4.920 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.696 |
25.077 |
20.687 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.584 |
(23.020) |
(15.785) |
|
|
|
|
|
|
|
|
PRIOR PERIOD ITEMS |
0.000 |
0.000 |
1.544 |
|
|
|
|
|
|
|
Less |
TAX |
(3.000) |
(0.754) |
0.411 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
3.584 |
(22.266) |
(13.830) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(40.976) |
(18.710) |
(4.880) |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
(37.392) |
(40.976) |
(18.710) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
12.838 |
1.253 |
0.000 |
|
|
TOTAL
EARNINGS |
12.838 |
1.253 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw
Materials |
4.035 |
35.476 |
18.358 |
|
|
Components
and Stores parts |
0.355 |
0.000 |
2.440 |
|
|
Capital
Goods |
0.000 |
0.000 |
2.310 |
|
|
TOTAL IMPORTS |
4.390 |
35.476 |
23.108 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.42 |
(21.23) |
(37.67) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
30.062 |
29.515 |
23.986 |
|
Cash generated from operations |
16.343 |
5.124 |
(35.727) |
|
Net cash flow from operating activities |
16.179 |
4.739 |
(35.978) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
61.40 |
97.79 |
222.75 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
5.94 |
3.73 |
1.64 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
91.71 |
131.50 |
175.28 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.52 |
0.34 |
0.28 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.28 |
0.14 |
0.13 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.88 |
0.91 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.36 |
3.82 |
6.19 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.46 |
3.19 |
4.35 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.49 |
2.97 |
4.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.75 |
1.07 |
1.22 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
0.68 |
(5.06) |
(8.26) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.72 |
(4.46) |
(3.02) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.01 |
(29.24) |
(27.07) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.22 |
1.09 |
1.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.68 |
0.69 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.18 |
0.15 |
0.11 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
23.66 |
24.81 |
45.32 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.22 |
1.09 |
1.04 |
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 |
6.980 |
11.713 |
12.672 |
|
Reserves & Surplus |
44.109 |
64.437 |
76.655 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
51.089 |
76.150 |
89.327 |
|
|
|
|
|
|
Long Term borrowings |
184.529 |
180.895 |
191.251 |
|
Short Term borrowings |
107.833 |
80.184 |
78.540 |
|
Current Maturities of Long term debt |
23.986 |
29.515 |
30.062 |
|
Total
borrowings |
316.348 |
290.594 |
299.853 |
|
Debt/Equity
ratio |
6.192 |
3.816 |
3.357 |
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
|
167.473 |
439.994 |
529.429 |
|
|
|
162.725 |
20.326 |
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
|
167.473 |
439.994 |
529.429 |
|
Profit/
(Loss) |
(13.830) |
(22.266) |
3.583 |
|
|
(8.26)% |
(5.06)% |
0.68% |
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 |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
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 |
Note : The registered office
address of the company has been shifted from “A-1/101, Virwani Industrial
Estate off Western Express Highway, Goregaon (East), Mumbai – 400063,
Maharashtra, India” to the present address.
UNSECURED LOANS:
|
Unsecured Loan |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Inter Corporate Deposit (From shareholder) |
0.000 |
0.000 |
|
Inter Corporate Deposit (From others) |
70.279 |
42.500 |
|
SHORT-TERM
BORROWINGS |
|
|
|
From Directors and Relative |
0.541 |
3.623 |
|
Total |
70.820 |
46.123 |
INDEX OF CHARGE:
|
Charges Registered |
|||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
C54185483 |
10570497 |
New India Co-op Bank Limited |
17/04/2015 |
- |
10700000.0 |
Corporate Office, New India Bhavan, A.V. Nagwekar Marg, B. Worlikar Chowk, Prabhadevi, Mumbai MAHARASHTRA 400025 INDIA |
|
2 |
G38147211 |
10359004 |
CENTRAL BANK OF INDIA |
05/05/2012 |
27/02/2017 |
432800000.0 |
CHANDERMUKHI GROUND FLOOR,BARRISTER RAJANI PATEL ROAD, NARIMAN POINT MUMBAI MAHARASHTRA 400021 INDIA |
FIXED ASSETS
- Land
- Factory Building
- Plant and Machinery
- Moulds-ad Ancillary
- Electrical Installation
- Furniture and Fixture
- Vehicles
- Office Equipment
- Air Conditioner
- Computer
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 63.77 |
|
UK Pound |
1 |
INR 89.20 |
|
Euro |
1 |
INR 78.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
New 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.
·