|
|
|
MIRA INFORM REPORT
|
Report No. : |
488124 |
|
Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SCIL CAPITAL INDIA PRIVATE LIMITED (w.e.f. 23.02.2011) |
|
|
|
|
Formerly Known
As : |
SCIL
CAPITAL INDIA LIMITED SAKURA
CAPITAL INDIA LIMITED |
|
|
|
|
Registered
Office : |
21, Mittal Chambers, 228, Nariman Point, Mumbai – 400021,
Maharashtra |
|
Tel. No.: |
91-22-66324361 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
25.08.1995 |
|
|
|
|
Com. Reg. No.: |
11-092200 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 230.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH1995PTC092200 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
GSTIN/UIN: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS8065J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Non-Banking Finance Company (“NBFC”) registered with the
Reserve Bank of India. The company being a NBFC majority deals in trading of
Equity shares. Debentures and Preference Shares etc. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
SCIL Capital India Private Limited is a part of “KSV Group”, one of the leading cotton trading merchants in India, with a strong repute and long demonstrated operating track record. The company was incorporated in the year 1995. For the financial year 2017, the revenue of the company has decreased by 23.36% and has incurred operation loss. The moderate financial profile of the company is marked by low reserve base as compared to its capital along with comfortable debt coverage indicators. However, the rating takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. Rating also takes into consideration strong and managerial support received from “KSV Group”. 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 |
CARE |
|
Rating |
Long Term Fund Based = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
19.01.2018 |
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.
LOCATIONS
|
Registered Office : |
21, Mittal Chambers, 228, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-66324361 |
|
Fax No.: |
91-22-66324367 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Nayankumar Chandrasinh Mirani |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Sagar Mahal, 51-J, B. Desai Road, Mumbai - 400026, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.06.1960 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.12.1995 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00045197 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Manish Kishorsinh Mirani |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||
|
Address : |
81/83, Vallabh Apartments, 87, Bhulabhai Desai Road, Mumbai - 400026, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1968 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
23.03.2007 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00111363 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Hitesh Laxmidas Motiwala |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
5, Hira House, 288, Sir Balchandra Road, Matunga,, Mumbai - 400019, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.11.1968 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.10.2015 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00130230 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
|
Khimji Visram and Sons (Gujarat) Private Limited |
3359045 |
|
Divyaprabha Chandrasinh Mirani |
1750000 |
|
Nayankumar Chandrasinh Hina Nayankumar Mirani |
1940958 |
|
Rahul Chandrasinh Mirani |
2721424 |
|
Hina Nayankumar Mirani Nayankumar Chandrasinh Mirani |
315000 |
|
Tanmay Nayankumar Mirani Hina Nayankumar Mirani |
280000 |
|
Nayankumar Chandrasinh Hina Nayankumar Mirani |
280000 |
|
NCM Family Trust |
2275000 |
|
RCM Family Trust |
1965000 |
|
Kishorsinh Ramdas Mirani |
4474573 |
|
Manish Kishorsinh Mirani Nimisha Manish Mirani |
2764000 |
|
Nimisha Manish Mirani Manish Kishorsinh Mirani |
595000 |
|
Manish Kishorsinh Mirani (A/C. Aditya) Nimisha Manish Mirani |
280000 |
|
Total |
23000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
66.96 |
|
Promoters- Body corporate |
14.60 |
|
Promoters- Others |
18.43 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Non-Banking Finance Company (“NBFC”) registered with the
Reserve Bank of India. The company being a NBFC majority deals in trading of Equity
shares. Debentures and Preference Shares etc. (Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
Tower 3, 27th - 32nd Floor, Indiabulls Fin. Centre, Elphinstone Mill
Compound, Senpati Bapat Marg, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-61854000 |
|
Fax No.: |
91-22-61854501 / 4601 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Wholly Owned Subsidiary : |
KV Agro Solutions Global Private Limited |
|
|
|
|
Company under common control : |
·
Khimji Visram and Sons (Gujarat) Private Limited ·
Olive Finance and Investments Private Limited ·
Khimji Visram Logistics Private Limited |
|
|
|
|
Partnership firm in which certain directors are partners : |
Khimji Visram and Sons (Commission Department) |
|
|
|
|
Company in which significantly influence (Since 25.05.2015) |
K. V. Cotton Giving and Pressing Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26000000 |
Equity Shares |
INR 10/- each |
INR 260.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23000000 |
Equity Shares |
INR 10/- each |
INR 230.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
230.000 |
230.000 |
230.000 |
|
(b) Reserves &
Surplus |
154.540 |
196.469 |
195.743 |
|
(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) |
384.540 |
426.469 |
425.743 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
56.425 |
0.000 |
0.000 |
|
(b) Trade payables |
46.553 |
7.001 |
2.654 |
|
(c) Other current
liabilities |
0.184 |
0.237 |
0.770 |
|
(d) Short-term provisions |
22.279 |
20.322 |
21.968 |
|
Total Current Liabilities
(4) |
125.441 |
27.560 |
25.392 |
|
|
|
|
|
|
TOTAL |
509.981 |
454.029 |
451.135 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2.270 |
1.856 |
3.246 |
|
(ii) Intangible Assets |
0.000 |
0.331 |
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 |
120.677 |
135.398 |
107.113 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
125.770 |
104.963 |
104.551 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
248.717 |
242.548 |
214.910 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
20.000 |
70.300 |
13.689 |
|
(b) Inventories |
101.491 |
31.645 |
97.841 |
|
(c) Trade receivables |
1.336 |
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
31.325 |
20.908 |
0.205 |
|
(e) Short-term loans and
advances |
100.538 |
84.567 |
62.775 |
|
(f) Other current assets |
6.574 |
4.061 |
61.715 |
|
Total Current Assets |
261.264 |
211.481 |
236.225 |
|
|
|
|
|
|
TOTAL |
509.981 |
454.029 |
451.135 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
623.345 |
846.532 |
50.781 |
|
|
Other Income |
8.449 |
4.721 |
0.004 |
|
|
TOTAL |
631.794 |
851.253 |
50.785 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
622.979 |
749.136 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(39.639) |
0.000 |
0.000 |
|
|
Employees benefits
expense |
23.196 |
22.078 |
19.882 |
|
|
Other expenses |
63.585 |
74.382 |
16.137 |
|
|
TOTAL |
670.121 |
845.596 |
36.019 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(38.327) |
5.657 |
14.766 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.296 |
3.538 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(40.623) |
2.119 |
14.766 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.305 |
1.392 |
1.803 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(41.928) |
0.727 |
12.963 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
6.736 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(41.928) |
0.727 |
6.227 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
135.214 |
134.633 |
130.195 |
|
|
|
|
|
|
|
Add |
Depreciation for
transition of the companies act 2013 |
0.000 |
0.000 |
(0.541) |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
0.000 |
0.146 |
1.248 |
|
|
Total |
0.000 |
0.146 |
1.248 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
93.286 |
135.214 |
134.633 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
584.909 |
789.517 |
0.000 |
|
|
TOTAL EARNINGS |
584.909 |
789.517 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(1.82) |
0.03 |
0.27 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
(150.999) |
10.859 |
(154.577) |
|
Net cash flows from (used in) operations |
(151.729) |
8.840 |
(164.095) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.78 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
466.58 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
27.28 |
3.41 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.38) |
0.18 |
0.15 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(16.88) |
2.59 |
4.55 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.25 |
0.06 |
0.06 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.15 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.33 |
0.06 |
0.06 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(16.69) |
1.60 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(6.73) |
0.09 |
12.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(8.22) |
0.16 |
1.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(10.90) |
0.17 |
1.46 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.08 |
7.67 |
9.30 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.27 |
6.53 |
5.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.75 |
0.94 |
0.94 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.25 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.08 |
7.67 |
9.30 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
230.000 |
230.000 |
230.000 |
|
Reserves & Surplus |
195.743 |
196.469 |
154.540 |
|
Net worth |
425.743 |
426.469 |
384.540 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
56.425 |
|
Total borrowings |
0.000 |
0.000 |
56.425 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.147 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
50.781 |
846.532 |
623.345 |
|
|
|
1,567.025 |
(26.365) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
50.781 |
846.532 |
623.345 |
|
Profit |
6.227 |
0.727 |
(41.928) |
|
|
12.26% |
0.09% |
(6.73)% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
|
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
230.000 |
|
(b) Reserves &
Surplus |
|
|
194.600 |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
|
424.600 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
7.001 |
|
(c) Other current
liabilities |
|
|
0.237 |
|
(d) Short-term provisions |
|
|
20.322 |
|
Total Current Liabilities
(4) |
|
|
27.560 |
|
|
|
|
|
|
TOTAL |
|
|
452.160 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
1.856 |
|
(ii) Intangible Assets |
|
|
0.331 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets
under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
133.528 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
104.963 |
|
(e) Other Non-current
assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
240.678 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
70.300 |
|
(b) Inventories |
|
|
31.645 |
|
(c) Trade receivables |
|
|
0.000 |
|
(d) Cash and cash
equivalents |
|
|
20.908 |
|
(e) Short-term loans and
advances |
|
|
84.567 |
|
(f) Other current assets |
|
|
4.062 |
|
Total Current Assets |
|
|
211.482 |
|
|
|
|
|
|
TOTAL |
|
|
452.160 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
|
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
846.532 |
|
|
Other Income |
|
|
4.721 |
|
|
TOTAL |
|
|
851.253 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
|
749.136 |
|
|
Employees benefits
expense |
|
|
22.078 |
|
|
Other expenses |
|
|
74.382 |
|
|
TOTAL |
|
|
845.596 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
5.657 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
3.538 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
2.119 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION |
|
|
1.392 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
0.727 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
share in loss of
associates |
|
|
(1.869) |
|
|
|
|
|
|
|
|
Loss for the year attributable
to the shareholders of the
company |
|
|
(1.142) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
(0.05) |
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 |
No |
|
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 |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
CORPORATE INFORMATION:
The Company is a Non-Banking Finance Company (“NBFC”)
registered with the Reserve Bank of India. The company being a NBFC majority
deals in trading of Equity shares. Debentures and Preference Shares etc. and
has also made investments in Venture Capital, Mutual Funds and Bonds. Other
investing activities of the company are granting Inter-corporate Deposits.
Other than this Company has a trading business of Cotton bales, where it
purchases the Raw Cotton from other companies and Exports the same.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Overdraft |
0.811 |
0.000 |
|
Total |
0.811 |
0.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C69382562 |
10601047 |
BANK OF INDIA |
14/10/2015 |
- |
- |
200000000.0 |
NARIMAN POINT LCB, 92-93, FREE PRESS HOUSE9TH FLOOR, FREE PRESS JOURNAL MARG, NARIMAN POINTMUMBAIMH400021IN |
|
2 |
Y10331869 |
90229078 |
SUMITOMO MITSUI BANKING CORPORATION |
21/05/1996 |
22/11/1999 |
06/07/2004 |
77000000.0 |
2-8 MITTAL COURT224 NARIMAN POINTMUMBAIMH400021IN |
FIXED ASSETS:
Tangible assets
- Improvement Tom Leasehold Premises
- Furniture and Fixtures
- Vehicles
- Office Equipment
Intangible assets
- Computers Software
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 |
|
|
1 |
INR 89.20 |
|
Euro |
1 |
INR 78.21 |
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKTS |
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.