|
|
|
MIRA INFORM REPORT
|
Report No. : |
487830 |
|
Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
INTERNATIONAL FLAVOURS AND FRAGRANCES INDIA PRIVATE LIMITED (w.e.f
15.10.2008) |
|
|
|
|
Formerly Known
As : |
INTERNATIONAL FLAVOURS AND FRAGRANCES INDIA LIMITED W.J.BUSH PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
1-5, Seven Wells Street, St. Thomas Mount, Chennai-600016, Tamilnadu |
|
Tel. No.: |
91-44-22341131 |
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Country : |
India |
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Financials (as
on) : |
01.01.2016 |
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Date of
Incorporation : |
18.11.1931 |
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Com. Reg. No.: |
18-000112 |
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Capital
Investment / Paid-up Capital : |
INR 80.080 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U24294TN1931PTC000112 |
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IEC No.: |
Not Divulged |
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GSTIN: |
Not Divulged |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACB1376K |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Flavours (Flavouring
Essences and Ancillaries and Synthetic Food Colour Preparation (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 5792000 |
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|
|
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1931 and it is having good track. It is engaged in the business of manufacturing of flavors, flavouring essences and ancillaries and synthetic food colors preparation. For the financial year 2016, the company has increased its revenue from operation as compared to previous year and maintained decent profitability margin of 8.07%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and debt free balance sheet. Further, rating also reflects from its well established track record of business operations along with market position and improvement in the revenue profile during the year. However, these strengths are partially offset by marginal declined the profitability during the year and exposure to intensely competitive nature of industry. Trade relations are reported as fair. Business is active. Payments terms are reported to be regular. In view of the aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 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 DECLINED
Management non-cooperative (Tel No.:91-44-22341132)
LOCATIONS
|
Registered Office : |
1-5, Seven Wells Street, St. Thomas Mount, Chennai-600016, Tamilnadu |
|
Tel. No.: |
91-44-22341131/22341132/34 |
|
Fax No.: |
91-44-22346017 |
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E-Mail : |
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Website : |
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Factory: |
AC 23, SIDCO Industrial Estate, Thirumudivakkam, Chennai-600132,
Tamilnadu India |
DIRECTORS
As on 31.03.2017
|
Name : |
Chandy Cheeran Thambi |
|
Designation : |
Whole Time Director |
|
Address : |
A4, Vinay Vihar, No.7, (Old No.2), New Beach Road, Tiruvalluvar Nagar, Tiruvanmiyur, Chennai – 600041, Tamilnadu, India |
|
Date of Birth/Age : |
04.02.1960 |
|
Date of Appointment : |
01.07.2009 |
|
PAN No.: |
AAAPT3381M |
|
DIN No.: |
02427708 |
|
|
|
|
Name : |
Ms. Medha Tawde Bhagat |
|
Designation : |
Whole Time Director |
|
Address : |
75/590, Mothilal Nagar-3, M.G. Road, Goregaon (West), Mumbai – 400090, Maharashtra, India |
|
Date of Birth: |
25.07.1974 |
|
Date of Appointment : |
30.09.2015 |
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PAN No.: |
ADNPT9209J |
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DIN No.: |
07284324 |
|
|
|
|
Name : |
Ms. Mauricio Leonardo Poulsen |
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Designation : |
Director |
|
Address : |
108 Grange Road #04-06 Cliveden At Grange, Singapore - 249595 |
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Date of Birth: |
27.01.1973 |
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Date of Appointment : |
26.06.2015 |
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DIN No.: |
07165593 |
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|
|
|
Name : |
Carel Van Den Hoven |
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Designation : |
Additional Director |
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Address : |
142, Velachery Main Road, Crest Apartments, Tower 6, Flat No.C811, Chennai -600042, Tamilnadu, India |
|
Date of Appointment : |
14.03.2017 |
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DIN No.: |
07758060 |
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|
|
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Name : |
Vicki Kafaltis |
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Designation : |
Additional Director |
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Address : |
2 Yarraburn Cl Bentleigh East Victoria Victoria 3165 Au |
|
Date of Appointment : |
05.07.2017 |
|
DIN No.: |
07848364 |
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|
|
|
Name : |
Mr. Prakash Gopalakrishnan Meenakshisundaram |
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Designation : |
Additional Director |
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Address : |
16, Sujata, 4th Floor, Juhu Road Near Santacruz West Police Station, Santacruz (West) Mumbai -400054, Maharashtra, India |
|
Date of Appointment : |
24.11.2017 |
|
DIN No.: |
07986811 |
KEY EXECUTIVES
|
Name : |
Chandy Cheeran Thambi |
|
Designation : |
Company Secretary |
|
Address : |
A4, Vinay Vihar, No.7 (Old No.2), New Beach Road, Tiruvalluvar Nagar, Tiruvanmiyur, Chennai – 600041, Tamilnadu, India |
|
Date of Birth/Age : |
04.02.1960 |
|
Date of Appointment : |
11.07.2016 |
|
PAN No.: |
AAAPT3381M |
MAJOR SHAREHOLDERS
As on 30.12.2016
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 21.06.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
93.36 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
5.25 |
|
Public/Other than promoters [Individual/Hindu Undivided Family – Foreign national (other than NRI)] |
1.39 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Flavours
(Flavouring Essences and Ancillaries and Synthetic Food Colour Preparation (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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Auditors : |
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Name : |
Price Waterhouse and Company LLP Chartered Accountants |
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Address : |
Prestige, Palladium, 8th Floor, 129-140, Greams Road, Chennai-600 005, Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFP3641G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate: (As on 21.06.2017) |
Bush Boake Allen Limited International Flavors & Fragrances (Mauritius) Ltd. |
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Holding Companies: |
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Ultimate Holding
Company: |
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Fellow Subsidiary Companies: |
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CAPITAL STRUCTURE
After 01.01.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8008306 |
Equity Shares |
INR 10/- each |
INR 80.083 Million |
|
|
|
|
|
As on 01.01.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8008306 |
Equity Shares |
INR 10/- each |
INR 80.080 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
03.01.2015 to 01.01.2016 |
28.12.2013 to 02.01.2015 |
28.12.2012 to 27.12.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
80.080 |
80.080 |
80.080 |
|
(b) Reserves and Surplus |
1947.040 |
2081.360 |
1884.700 |
|
(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) |
2027.120 |
2161.440 |
1964.780 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
48.910 |
38.900 |
34.190 |
|
Total Non-current
Liabilities (3) |
48.910 |
38.900 |
34.190 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1130.610 |
811.560 |
805.380 |
|
(c) Other
current liabilities |
139.930 |
133.810 |
116.000 |
|
(d) Short-term
provisions |
38.260 |
38.460 |
34.060 |
|
Total Current
Liabilities (4) |
1308.800 |
983.830 |
955.440 |
|
|
|
|
|
|
TOTAL |
3384.830 |
3184.170 |
2954.410 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
188.370 |
510.300 |
428.410 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
52.460 |
27.460 |
43.560 |
|
(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) |
116.000 |
25.000 |
22.000 |
|
(d)
Long-term loans and advances |
34.180 |
12.180 |
25.220 |
|
(e) Other
Non-current assets |
0.000 |
11.460 |
10.610 |
|
Total Non-Current Assets |
391.010 |
586.400 |
529.800 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1163.270 |
1243.240 |
1074.200 |
|
(c) Trade
receivables |
962.780 |
881.980 |
808.170 |
|
(d) Cash and
bank balances |
698.540 |
203.460 |
265.290 |
|
(e)
Short-term loans and advances |
169.230 |
269.090 |
276.930 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.020 |
|
Total
Current Assets |
2993.820 |
2597.770 |
2424.610 |
|
|
|
|
|
|
TOTAL |
3384.830 |
3184.170 |
2954.410 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
03.01.2015 to 01.01.2016 |
28.12.2013 to 02.01.2015 |
28.12.2012 to 27.12.2013 |
|
|
SALES |
|
|
|
|
|
Income |
7289.450 |
6791.310 |
5979.960 |
|
|
Other Income |
53.170 |
75.010 |
40.680 |
|
|
TOTAL |
7342.620 |
6866.320 |
6020.640 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3782.910 |
3793.880 |
3235.130 |
|
|
Purchases of
Stock-in-Trade |
514.480 |
482.950 |
441.190 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
19.430 |
(65.170) |
(38.580) |
|
|
Employee benefit expense |
659.030 |
591.730 |
492.960 |
|
|
Other expenses |
1127.090 |
969.210 |
893.870 |
|
|
TOTAL |
6102.940 |
5772.600 |
5024.570 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1239.680 |
1093.720 |
996.070 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1239.680 |
1093.720 |
996.070 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
359.320 |
74.780 |
67.510 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
880.360 |
1018.940 |
928.560 |
|
|
|
|
|
|
|
Less |
TAX |
292.000 |
337.000 |
298.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
588.360 |
681.940 |
630.560 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
927.990 |
918.770 |
626.440 |
|
|
Other
Earning |
0.000 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
927.990 |
918.770 |
626.440 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1888.880 |
1942.520 |
1770.290 |
|
|
Components and spare
parts |
0.000 |
0.000 |
0.040 |
|
|
Capital Goods |
13.500 |
23.060 |
33.350 |
|
|
TOTAL IMPORTS |
1902.380 |
1965.580 |
1803.680 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
73.47 |
85.15 |
78.74 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
03.01.2015 to 01.01.2016 |
28.12.2013 to 02.01.2015 |
28.12.2012 to 27.12.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
1637.150 |
859.820 |
716.970 |
|
Net cash flows from (used in) operating activities |
1244.520 |
537.720 |
433.25 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
03.01.2015 to 01.01.2016 |
28.12.2013 to 02.01.2015 |
28.12.2012 to 27.12.2013 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
48.21 |
47.40 |
49.33 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.57 |
7.70 |
7.40 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
96.03 |
69.26 |
79.96 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.07 |
0.88 |
0.93 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
5.15 |
2.03 |
2.11 |
LEVERAGE RATIOS
|
PARTICULARS |
03.01.2015 to 01.01.2016 |
28.12.2013 to 02.01.2015 |
28.12.2012 to 27.12.2013 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.39 |
0.31 |
0.32 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.65 |
0.46 |
0.49 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.12 |
0.25 |
0.24 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
03.01.2015 to 01.01.2016 |
28.12.2013 to 02.01.2015 |
28.12.2012 to 27.12.2013 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
8.07 |
10.04 |
10.54 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
17.38 |
21.42 |
21.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
29.02 |
31.55 |
32.09 |
SOLVENCY RATIOS
|
PARTICULARS |
03.01.2015 to 01.01.2016 |
28.12.2013 to 02.01.2015 |
28.12.2012 to 27.12.2013 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.29 |
2.64 |
2.54 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.40 |
1.38 |
1.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.60 |
0.68 |
0.67 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
2.29 |
2.64 |
2.54 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
27.12.2013 |
02.01.2015 |
01.01.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
80.080 |
80.080 |
80.080 |
|
Reserves & Surplus |
1884.700 |
2081.360 |
1947.040 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1964.780 |
2161.440 |
2027.120 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
27.12.2013 |
02.01.2015 |
01.01.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
5979.960 |
6791.310 |
7289.450 |
|
|
|
13.568 |
7.335 |
NET PROFIT MARGIN
|
Net
Profit Margin |
27.12.2013 |
02.01.2015 |
01.01.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
5979.960 |
6791.310 |
7289.450 |
|
Profit |
630.560 |
681.940 |
588.360 |
|
|
10.54% |
10.04% |
8.07% |
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 |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
No |
|
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 financial
years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three financial
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 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
Y10429093 |
90306166 |
INDIAN OVERSEAS BANK |
12/11/1993 |
19/06/1995 |
- |
25000000.0 |
ADYAR BRANCH NO. 12 SAROAR PATEL ROAD CHENNAI -600020, TAMILNADU, INDIA |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipment’s
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipment’s
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is or
was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.77 |
|
UK Pound |
1 |
INR 89.20 |
|
Euro |
1 |
INR 78.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.