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MIRA INFORM REPORT
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Report No. : |
488119 |
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Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
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Name : |
AAK KAMANI PRIVATE LIMITED (w.e.f. 22.01.2016) |
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Formerly Known
As : |
KAMANI
OIL INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
B2-207, 208, 209, 2nd Floor, Kanakia Boomerang, Chandivali Farm Road, Andheri (East), Mumbai-400072, Maharashtra |
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Tel. No.: |
91-22-62110100 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
24.10.2002 |
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Com. Reg. No.: |
11-137681 |
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Capital
Investment / Paid-up Capital : |
INR 127.500 Million |
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CIN No.: [Company Identification
No.] |
U15140MH2002PTC137681 |
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IEC No.: |
Not Applicable [As informed by the management that firm does
not have export and import] |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTIN : |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AACCK4395B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the field of Edible Oil and Specialty Fats. (Registered activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 3800000 |
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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 a subsidiary of “Aaraukalshamn Holding AB, Sweden”. It is an
established company incorporated in the year 2002 having fine track. For the financial year ended 2017, the company has achieved healthy
operational revenue along with fair profitability margin of 3.85%. The company possesses sound financial profile marked by healthy net
worth base along with negligible debt recorded and satisfactory earning per
share of the company (i.e. earning per share of INR 294 against face value of
INR 100). The company also derives strength from its strong holding entity and
its experienced management team. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. In view of strong holding support and sound financial base, the
company can be considered normal 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 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low
Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High
Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CARE |
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Rating |
Long Term Rating = (A) |
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Rating Explanation |
Adequate degree of safety and low credit risk. |
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Date |
November 20, 2017 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Rating = (A2) |
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Rating Explanation |
Strong degree of safety and low credit risk. |
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Date |
November 20, 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 25.01.2018
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.: 91-22-62110100
LOCATIONS
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Registered/ Administrative Office : |
B2-207, 208, 209, 2nd Floor, Kanakia Boomerang, Chandivali Farm Road, Andheri (East), Mumbai-400072, Maharashtra, India |
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Tel. No.: |
91-22-62110100 / 39970101 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory: |
Honad Village, Takai Adoshi Road Post Sajgaon, Khalapur, Khopoli, Raigad-410203, Maharashtra, India |
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Tel. No.: |
91-2192-305305 |
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Fax No.: |
91-2192-305300 |
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Branch Office1 :
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E - 1, Surajpol, Anaj Mandi, Near Galta Gate, Jaipur – 302003, Rajasthan, India |
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Branch Office 2
: |
C/O Bajaj Trade Links,12-13, Daga Layout, Khamgaon Road, Wadi, Nagpur – 440023, Maharashtra, India |
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Branch Office 3
: |
C/O. J.J and Company, Daken Kotda Link Road, Dhol Ki Pati, Udaipur - 2313001, Rajastan, India |
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Branch Office 4
: |
C/O. Nandi Enterprises, Plot No. 80, Kalyan Nagar –III, Moti Nagar, Borabanda, Hyderabad–500018, Telangana, India |
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Branch Office 5: |
24 and 25, M R Estate, Behind Kanchan Pharma, Near Shell Petrol Pump, Aslali Bye Pass Road, NH No.8, Aslali, Ahmedabad, Gujarat, India |
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Branch Office 6
: |
#238, Main Road, Kangayam-638701, Tamilnadu, India |
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Branch Office 7
: |
Gurdarshan Singh Complex, Village Qadian, Near Old Big Bazar, National Highway No. 1, Jalandhar Road, Ludhiana-141 008, Punjab, India |
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Branch Office 8
: |
C/O. Parag Traders, Princess Empire 12, Race Course Road, Indore-452 001, Madhya Pradesh, India |
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Branch Office 9
: |
1003, 10th Floor, Pearls Business Park, Netaji Subhash Place, New Delhi-110034, India |
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Branch Office 10
: |
C/O. Food Organic, 1065 N 8th Main Road, Vijaya Bank, Layout, Bannergatta Road, Bilekahalli, Bangalore–560 076, Karnataka, India |
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Branch Office 11
: |
Sancheti Warehousing Complex, G. No. 153/148, 10th Mile, At Post - Jaulke, Mumbai-Agra Road, Tal- Dindori, District-Nashik – 422206, Maharashtra, India |
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Branch Office
12: |
No. 8, Venkatarathinam Nagar, Extn. 1st St, Venkatarathinam Nagar- Adyar Chennai – 600020, Tamilnadu, India |
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Branch Office 13
: |
78/01, Madhavpurram, Meerut- 250002, Uttar Pradesh, India |
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Branch Office 14
: |
C/O.Marketing Plus, 36-B, Dada Nagar, Kanpur- 208022, Uttar Pradesh, India |
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Branch Office 15
: |
Katarai Colony, Behind Gobind Tobacco Factory, Gangapuri Road, Panipat – 132103, Haryana, India |
DIRECTORS
As on 31.03.2017
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Name : |
Mr. Vinay Tarachand Chawla |
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Designation : |
Director |
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Address : |
87, Jivan Niwas, 3rd Floor, Khan Road, Worli Sea Face, Worli, Mumbai - 400025, Maharashtra, India |
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Date of Birth/Age : |
19.06.1979 |
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Qualification : |
Post Graduate/Master/Equivalent |
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Date of Appointment : |
15.12.2015 |
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PAN No.: |
ABOPC7671E |
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DIN No.: |
00763078 |
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Other Directorship:
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Name : |
Mr. Murlidhar Ghanshamdas Hemdev |
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Designation : |
Director |
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Address : |
C-411, Raj Umang 2, Rawal Pada Cross Road, Opposite S.V.C. Bank, Dahisar East, Mumbai - 400068, Maharashtra, India |
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Date of Appointment : |
22.07.2015 |
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DIN No.: |
07004403 |
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Name : |
Anna Maria Jornlid Strand |
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Designation : |
Director |
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Address : |
Fanjunkarevagen 9 37250 Kallinge Sweden NA SE |
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02.03.1965 |
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Post Graduate/Master/Equivalent |
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Date of Appointment : |
01.10.2015 |
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DIN No.: |
07300970 |
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Name : |
Timothy Andrew Stephenson |
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Designation : |
Director |
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Address : |
The Old Rectory, Harswell, York, Y042 4LE UK NA GB, United Kingdom |
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Date of Birth/Age : |
26.07.1961 |
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Qualification : |
Post Graduate/Master/Equivalent |
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Date of Appointment : |
01.10.2015 |
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DIN No.: |
07300971 |
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Name : |
Torben Friis Lange |
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Designation : |
Director |
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Address : |
Nordlige Bjergevej 15 DK - 8270, Hoejbjerg Denmark NA DK, Denmark |
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Date of Birth/Age : |
12.06.1963 |
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Qualification : |
Post Graduate/Master/Equivalent |
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Date of Appointment : |
15.12.2015 |
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DIN No.: |
07300973 |
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Name : |
Jan Rene Schou |
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Designation : |
Director |
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Address : |
Klostervej 106A 8680 Ry Denmark NA DK, Denmark |
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Date of Birth/Age : |
26.01.1969 |
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Qualification : |
Post Graduate/Master/Equivalent |
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Date of Appointment : |
01.10.2015 |
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DIN No.: |
07300977 |
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Name : |
Ernesto Luis Zamudio Gomez |
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Designation : |
Director |
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Address : |
204, Ocean Drive # 06-06 The Berth By The Cove Singapore 09868 SG, Singapore |
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Date of Birth/Age : |
21.11.1970 |
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Qualification : |
Post Graduate/Master/Equivalent |
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Date of Appointment : |
29.09.2016 |
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DIN No.: |
07368034 |
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KEY EXECUTIVES
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Name : |
Mr. Goerge |
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Designation : |
Accounts Manager |
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Name : |
Mr. Forum Panchal |
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Designation : |
Company Secretary |
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Address : |
903, Tulsi Heights, Sector-05, Plot No.- 01, New Panvel, Navi Mumbai – 410206, Maharashtra, India |
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Date of Appointment : |
13.06.2017 |
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PAN No.: |
BYHPP9459G |
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Name : |
Mrs. Indranil Saha |
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Designation : |
Chief Finance Officer (KMP) |
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Address : |
Flat 1117/1118, Westend, Raheja Vihar Chandivali, Andheri East Mumbai -400072, Maharashtra, India |
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Date of Appointment : |
17.11.2016 |
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PAN No.: |
AKTPS4639Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 11.07.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Prakash Nandlal Chawla |
104356 |
8.18 |
|
Sunil Nandlal Chawla |
102901 |
8.07 |
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Nandlal Hassanand Chawla |
141451 |
11.09 |
|
Geeta Nandlal Chawla |
25452 |
2.00 |
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Aarhuskarlshamn Holding AB |
650250 |
51.00 |
|
Vinay Tarachand Chawla |
165750 |
13.00 |
|
Devendra Prakash Chawla |
21210 |
1.66 |
|
Samarth Prakash Chawla |
21210 |
1.66 |
|
Harshvardhan Sunil Chawla |
21210 |
1.66 |
|
Pranav Sunil Chawla |
21210 |
1.66 |
|
Total |
1275000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 11.07.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
49.00 |
|
Promoter - Bodies
corporate |
51.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the field of Edible Oil and Specialty Fats. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Price Waterhouse Chartered Accountants |
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Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar West - Mumbai – 400028, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFP3698A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
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Ultimate Holding
Company : |
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Fellow Subsidiary
company : |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
U74999MH1962PTC012324
U15122MH2015PTC265061 |
CAPITAL STRUCTURE
After 11.07.2017
Authorised Capital : INR 405.000
Million
Issued, Subscribed & Paid-up Capital : INR 131.700 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 100/- each |
INR 150.000 Million |
|
2550000 |
Preference shares |
INR 100/- each |
INR 255.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 405.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1275000 |
Equity Shares |
INR 100/- each |
INR 127.500 Million |
|
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|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
127.500 |
127.500 |
127.500 |
|
(b) Reserves & Surplus |
1221.700 |
846.400 |
648.500 |
|
(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) |
1349.200 |
973.900 |
776.000 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
20.000 |
53.700 |
141.600 |
|
(b) Deferred tax liabilities
(Net) |
24.300 |
30.300 |
0.000 |
|
(c) Other long term
liabilities |
10.900 |
9.800 |
8.500 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
55.200 |
93.800 |
150.100 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
1542.200 |
1457.600 |
1677.100 |
|
(c) Other current liabilities |
188.900 |
377.700 |
116.600 |
|
(d) Short-term provisions |
54.300 |
39.800 |
19.900 |
|
Total
Current Liabilities (4) |
1785.400 |
1875.100 |
1813.600 |
|
|
|
|
|
|
TOTAL |
3189.800 |
2942.800 |
2739.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
640.900 |
601.200 |
540.200 |
|
(ii) Intangible Assets |
0.600 |
1.500 |
1.100 |
|
(iii) Capital work-in-progress |
58.500 |
53.300 |
57.300 |
|
(iv) Intangible assets under
development |
48.700 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
9.600 |
|
(d) Long-term Loan and Advances |
164.800 |
109.700 |
64.200 |
|
(e) Other Non-current assets |
154.200 |
172.700 |
209.200 |
|
Total
Non-Current Assets |
1067.700 |
938.400 |
881.700 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1220.500 |
1359.700 |
1144.200 |
|
(c) Trade receivables |
404.900 |
363.200 |
430.100 |
|
(d) Cash and cash equivalents |
453.200 |
234.700 |
234.600 |
|
(e) Short-term loans and
advances |
31.600 |
38.600 |
42.300 |
|
(f) Other current assets |
11.900 |
8.200 |
6.800 |
|
Total
Current Assets |
2122.100 |
2004.400 |
1858.000 |
|
|
|
|
|
|
TOTAL |
3189.800 |
2942.800 |
2739.700 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
9748.300 |
8467.000 |
9205.200 |
|
|
Other Income |
40.900 |
52.500 |
36.100 |
|
|
TOTAL
|
9789.200 |
8519.500 |
9241.300 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
7526.600 |
6766.100 |
7525.700 |
|
|
Purchases of Stock-in-Trade |
138.300 |
160.400 |
236.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
261.300 |
(182.300) |
267.300 |
|
|
Employees benefits expense |
269.200 |
439.600 |
198.900 |
|
|
CSR Expenditure |
2.000 |
0.200 |
0.000 |
|
|
Extraordinary Items |
0.000 |
(8.000) |
0.000 |
|
|
Other expenses |
925.000 |
929.900 |
1016.900 |
|
|
TOTAL |
9122.400 |
8105.900 |
9244.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
666.800 |
413.600 |
(3.500) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
34.100 |
37.500 |
46.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
632.700 |
376.100 |
(49.500) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
79.900 |
65.800 |
94.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
552.800 |
310.300 |
-143.800 |
|
|
|
|
|
|
|
Less |
TAX |
177.500 |
112.400 |
-50.200 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
375.300 |
197.900 |
-93.600 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
459.300 |
261.400 |
355.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
834.600 |
459.300 |
261.400 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
615.100 |
2.000 |
0.000 |
|
|
TOTAL
EARNINGS |
615.100 |
2.000 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
3357.300 |
3588.400 |
3768.600 |
|
|
Components and Stores parts |
0.000 |
0.300 |
0.300 |
|
|
Capital Goods |
0.000 |
2.200 |
0.000 |
|
|
TOTAL
IMPORTS |
3357.300 |
3590.900 |
3768.900 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
294.00 |
155.00 |
(73.00) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
30.000 |
47.100 |
2.400 |
|
Net cash flows from (used in) operations |
648.300 |
282.500 |
235.800 |
|
Net cash flows from (used in) operating activities |
455.000 |
175.800 |
229.800 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
15.16 |
15.66 |
17.05 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
24.08 |
23.31 |
21.40 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
73.44 |
76.81 |
78.87 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.55 |
0.30 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.89 |
0.63 |
(0.01) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.58 |
0.67 |
0.71 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.04 |
0.10 |
0.19 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.32 |
1.93 |
2.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.55 |
0.67 |
0.77 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
19.55 |
11.03 |
(0.08) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
3.85 |
2.34 |
(1.02) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
11.77 |
6.72 |
(3.42) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
27.82 |
20.32 |
(12.06) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.19 |
1.07 |
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.50 |
0.34 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.42 |
0.33 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.39 |
0.79 |
1.13 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.19 |
1.07 |
1.02 |
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 |
127.500 |
127.500 |
127.500 |
|
Reserves & Surplus |
648.500 |
846.400 |
1221.700 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
776.000 |
973.900 |
1349.200 |
|
|
|
|
|
|
Long Term borrowings |
141.600 |
53.700 |
20.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long term debt |
2.400 |
47.100 |
30.000 |
|
Total
borrowings |
144.000 |
100.800 |
50.000 |
|
Debt/Equity
ratio |
0.186 |
0.104 |
0.037 |
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
|
9205.200 |
8467.000 |
9748.300 |
|
|
|
(8.019) |
15.133 |
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
|
9205.200 |
8467.000 |
9748.300 |
|
Profit |
(93.600) |
197.900 |
375.300 |
|
|
(1.02%) |
2.34% |
3.85% |
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 |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
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 |
OVERVIEW (FINANCIAL HIGHLIGHTS):
The Company has generated total revenues from operations to the tune of INR 9789.200 Million in the year 2016-17 as against Revenues of INR 8519.500 during the previous year. Demonetisation of Currency by Indian Government resulted disruption in the Indian Markets but the Company with its innovative products range sustained the growth which ultimately resulted increase in shareholders worth.
For the financial year ended March 31, 2017, the Company has generated robust profit after tax of INR 375.200 Million as against INR 197.900 Million in the previous year. Introduction of technology and innovation in the processes resulted in the robust business growth for the Company. With the strong Indian Economy, the Company looks forward to the future with confidence.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
20.000 |
53.600 |
|
|
|
|
|
Total |
20.000 |
53.600 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
B94265394 |
10472221 |
THE RATNAKAR BANK LIMITED |
17/12/2013 |
- |
- |
600000000.0 |
SHAHUPURI,KOLHAPUR,VYPARI PETHKOLHAPURMH416001IN |
|
2 |
B34527580 |
10121127 |
Bank of India |
01/08/2008 |
23/01/2012 |
- |
3152500000.0 |
Nariman Point Large Corporate Branch, 92 - 93,Free Press House, 9th floor,215, Nariman Point,MumbaiMH400021IN |
|
3 |
B34528646 |
10121128 |
Bank of India |
01/08/2008 |
30/01/2012 |
- |
3152500000.0 |
Nariman Point Large Corporate Branch, 92 - 93,Free Press House, 9th floor,215, Nariman Point,MumbaiMH400021IN |
|
4 |
C13818505 |
10321677 |
Bank of India |
13/07/2011 |
- |
10/07/2014 |
1000000.0 |
Nariman Point Large Corporate Branch, 92 - 93,Free Press House, 9th floor,215, Nariman Point,MumbaiMH400021IN |
|
5 |
C13819388 |
10121130 |
Bank of India |
01/08/2008 |
- |
10/07/2014 |
450000000.0 |
Mandvi Branch , Kanmoor House,281/287 Narsi Natha Street ,MumbaiMH400009IN |
|
6 |
B95648887 |
10400739 |
INDUSIND BANK LTD. |
15/12/2012 |
- |
05/02/2014 |
200000000.0 |
Acme Plaza, CTS No. 32 Opp, Sangam Talkies,Andheri - Kurla Road, Andheri (E),MumbaiMH400059IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against the
debt not acknowledged as debts: |
|
|
|
Excise duty demand under appeal |
141.100 |
53.100 |
|
Income tax demands under appeals |
3.400 |
246.400 |
|
Note: a) Future cash flows relating to above are determinable only on the receipt of judgment / decision from relevant forum / authorities. b) The Company does not expect any reimbursements in respect of the above contingent liabilities. |
||
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 63.64 |
|
|
1 |
INR 89.32 |
|
Euro |
1 |
INR 78.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUJ |
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.