|
|
|
MIRA INFORM REPORT
|
Report No. : |
489143 |
|
Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SANATHAN TEXTILES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
192, Jamunalal Bajaj Street, Kolkata – 700007, West Bengal |
|
Tel. No.: |
91-33-22686462 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
10.10.2005 |
|
|
|
|
Com. Reg. No.: |
21-105863 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 119.905 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17299WB2005PTC105863 |
|
|
|
|
IEC No.: |
0302026711 |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS6021P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Exporter of PET
Chips, Partially Oriented Yarn, Fully Drawn Yarn, Texturising Yarn, Twisted Yarn
and Cotton Yarn. (Registered Activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
3100 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Sanathan Textiles Private Limited was incorporated in the year 2005. It is a manufacturer, importer and exporter of PET chips, partially oriented yarn, fully drawn yarn, texturising yarn, twisted yarn and cotton yarn. For the financial year 2017, the company has achieved 14.12% growth in its revenue as compared to previous year revenue and maintained average profit margin of 1.81%. The healthy financial profile of the company is marked by strong networth base along with comfortable debt coverage indicators. The ratings continue to derive strength from the experience of the promoters in the textile business and partially integrated nature of the operations. However, rating strengths are partially offset by the leveraged capital structure of the company, susceptibility of profitability to adverse movement in raw material prices/foreign exchange rate and competitive and fragmented nature of the textile industry and unfavourable gap between trade payables and trade receivables. Business is active. Payments seems to be usually 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 bank facilities : BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
05.01.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities : A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
05.01.2018 |
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 31.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Subhash Thakur |
|
Designation : |
Import Exporter Manager |
|
Contact No.: |
91-22-66343312 |
|
Date : |
31.01.2018 |
LOCATIONS
|
Registered/ Head Office : |
192, Jamunalal Bajaj Street, Kolkata – 700007, West Bengal, India |
|
Tel. No.: |
91-33-22686462 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Corporate/ Administrative Office : |
15th Floor, D Wing, Trade World Building, Kamla Mill
Compound, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013,
Maharashtra, India |
|
Tel. No.: |
91-22-66343312/ 13/ 14/ 15/ 16/ 30420121/ 22 |
|
Fax No.: |
91-22-66663453 |
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E-Mail : |
|
|
|
|
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Branch office : |
B/6, Trade World, Kamla Mill Compound, Lower Parel (West), Mumbai –
400013, Maharashtra, India |
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|
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|
Factory : |
Survey Plot No.187/4/1/2, Village Surangi, Dapada, Silvassa – 396230,
Dadra and Nagar Haveli, |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Paresh Kumar V. Dattani |
|||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||
|
Address : |
Ridge Apartments, Ridge Road, Malabar Hills, Mumbai – 400006,
Maharashtra, India |
|||||||||||||||||
|
Date of Birth/Age : |
24.07.1960 |
|||||||||||||||||
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Date of Appointment : |
10.10.2005 |
|||||||||||||||||
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PAN No.: |
AEAPD8148Q |
|||||||||||||||||
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DIN No.: |
00163591 |
|||||||||||||||||
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Other Directorship:
|
||||||||||||||||||
|
|
|
|||||||||||||||||
|
Name : |
Mr. Dineshkumar Vrajdas Dattani |
|||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||
|
Address : |
Bhaveshwar Sagar, 20, Nepean Sea Road, Mumbai – 400036, Maharashtra,
India |
|||||||||||||||||
|
Date of Birth/Age : |
27.07.1948 |
|||||||||||||||||
|
Date of Appointment : |
10.10.2005 |
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PAN No.: |
ADWPD3056C |
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DIN No.: |
00163701 |
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Other Directorship:
|
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|
|
|
|||||||||||||||||
|
Name : |
Mr. Ajay Kumar V. Dattani |
|||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||
|
Address : |
F-70, Venus Apartment, R.G. Thadani Marg, Worli, Mumbai – 400018,
Maharashtra, India |
|||||||||||||||||
|
Date of Birth/Age : |
23.07.1967 |
|||||||||||||||||
|
Date of Appointment : |
10.10.2005 |
|||||||||||||||||
|
PAN No.: |
AEAPD8147B |
|||||||||||||||||
|
DIN No.: |
00163739 |
|||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||
|
|
|
|||||||||||||||||
|
Name : |
Mr. Vallabhdas Vrajdas Dattani |
|||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||
|
Address : |
214, Walkeshwar Road, Sudama Building, 5th Floor, Mumbai –
400006, Maharashtra, India |
|||||||||||||||||
|
Date of Birth/Age : |
22.08.1942 |
|||||||||||||||||
|
Date of Appointment : |
17.04.2006 |
|||||||||||||||||
|
DIN No.: |
00163794 |
|||||||||||||||||
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Other Directorship:
|
||||||||||||||||||
|
|
|
|||||||||||||||||
|
Name : |
Mr. Anilkumar Vrajdas Dattani |
|||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||
|
Address : |
Sadhna Hillway, 5th Floor, Gamadia Road, Mumbai – 400026,
Maharashtra, India |
|||||||||||||||||
|
Date of Birth/Age : |
20.04.1958 |
|||||||||||||||||
|
Date of Appointment : |
10.10.2005 |
|||||||||||||||||
|
PAN No.: |
ADWPD3054A |
|||||||||||||||||
|
DIN No.: |
00164175 |
|||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||
|
|
|
|||||||||||||||||
|
Name : |
Mr. Sammir Dinesh Dattani |
|||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||
|
Address : |
Bhaveswar Sagar Building, Flat No.15, 20 Nepean Sea Road, Patel Compound, Mumbai - 400036, Maharashtra, India |
|||||||||||||||||
|
Date of Appointment : |
02.01.2015 |
|||||||||||||||||
|
DIN No.: |
07060573 |
|||||||||||||||||
|
|
|
|||||||||||||||||
|
Name : |
Mr. Mikesh Anil Dattani |
|||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||
|
Address : |
33, Sadhana Co-operative Housing Society, Navroji Gamadia Road, Akash Ganga, Breach Candy, Mumbai - 400026, Maharashtra, India |
|||||||||||||||||
|
Date of Appointment : |
02.01.2015 |
|||||||||||||||||
|
DIN No.: |
07060576 |
|||||||||||||||||
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|
|
|||||||||||||||||
|
Name : |
Mr. Varun Paresh Dattani |
|||||||||||||||||
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Designation : |
Director |
|||||||||||||||||
|
Address : |
9C, Ridge Apartments, Ridge Road, Malabar Hills, Mumbai - 400006, Maharashtra, India |
|||||||||||||||||
|
Date of Appointment : |
02.01.2015 |
|||||||||||||||||
|
DIN No.: |
07060577 |
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Subhash Thakur |
|
Designation : |
Import Exporter Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Ajay Kumar V. Dattani |
3274650 |
|
Anil Kumar V. Dattani |
1367450 |
|
Dinesh Kumar V. Dattani |
3376300 |
|
Paresh Kumar V. Dattani |
3792100 |
|
Vajubhai Investment Private Limited, |
3000 |
|
Vallabhdas V. Dattani (HUF) |
3000 |
|
Sonali A. Dattani |
28000 |
|
Dinesh Kumar V. Dattani (HUF) |
3000 |
|
Geeta D. Dattani |
1500 |
|
Sammir D. Dattani |
1500 |
|
Sweta Dattani |
1500 |
|
Jayshree A. Dattani |
1500 |
|
Jyotsna V. Dattani |
3000 |
|
Vallabhdas V. Dattani |
3000 |
|
Anil Kumar V. Dattani (HUF) |
23000 |
|
Paresh Kumar V. Dattani (HUF) |
38000 |
|
Beena P. Dattani |
44400 |
|
Mikesh A. Dattani |
25000 |
|
Ajay Kumar V. Dattani (HUF) |
100 |
|
Tanvi Dattani |
100 |
|
Anjana Dattani |
100 |
|
Varun P Dattani |
100 |
|
Samir Dattani (HUF) |
100 |
|
Mikesh A. Dattani (HUF) |
100 |
|
Total |
11990500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
98.74 |
|
Promoters- Body corporate |
1.23 |
|
Public/Other than promoters - Body corporate |
0.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Exporter of PET
Chips, Partially Oriented Yarn, Fully Drawn Yarn, Texturising Yarn, Twisted
Yarn and Cotton Yarn. (Registered Activity and also Confirmed by management) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw materials Machinery |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C and Advance Payment |
||||
|
|
|
||||
|
Purchasing : |
L/C and Advance Payment |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Wholesalers
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
3100 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Tel No. 91-22-22892060/22024033
(Continuously ringing) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Narendra Kochar and Company Chartered Accountants |
|
Address : |
86, Canning Street, Kolkata – 700001, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFN7795B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives |
|
|
|
|
|
Other related party
: |
|
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11990500 |
Equity Shares |
INR 10/- each |
INR 119.905 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 |
119.905 |
119.905 |
119.905 |
|
(b) Reserves and Surplus |
2025.886 |
1747.450 |
1724.555 |
|
(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) |
2145.791 |
1867.355 |
1844.460 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3813.722 |
4548.218 |
4731.250 |
|
(b) Deferred tax liabilities (Net) |
150.771 |
45.626 |
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) |
3964.493 |
4593.844 |
4731.250 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
467.023 |
618.425 |
997.412 |
|
(b) Trade
payables |
2738.150 |
2313.997 |
1559.683 |
|
(c) Other
current liabilities |
874.498 |
829.436 |
615.452 |
|
(d) Short-term
provisions |
36.880 |
14.232 |
6.896 |
|
Total Current
Liabilities (4) |
4116.551 |
3776.090 |
3179.443 |
|
|
|
|
|
|
TOTAL |
10226.835 |
10237.289 |
9755.153 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6273.404 |
6265.150 |
6486.685 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
54.550 |
629.790 |
138.933 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
131.090 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
6459.044 |
6894.940 |
6625.618 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1502.093 |
1508.500 |
1166.254 |
|
(c) Trade
receivables |
1339.237 |
974.202 |
1051.953 |
|
(d) Cash and
bank balances |
331.601 |
294.101 |
350.697 |
|
(e)
Short-term loans and advances |
578.036 |
190.752 |
259.334 |
|
(f) Other
current assets |
16.824 |
374.794 |
301.297 |
|
Total
Current Assets |
3767.791 |
3342.349 |
3129.535 |
|
|
|
|
|
|
TOTAL |
10226.835 |
10237.289 |
9755.153 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
15399.257 |
13493.516 |
15997.090 |
|
|
Other Income |
203.960 |
48.435 |
43.418 |
|
|
TOTAL |
15603.217 |
13541.951 |
16040.508 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
10680.484 |
9278.465 |
12140.317 |
|
|
Purchases of
Stock-in-Trade |
6.702 |
0.605 |
82.774 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
40.530 |
66.367 |
378.888 |
|
|
Employee benefit expense |
396.614 |
359.505 |
305.850 |
|
|
CSR expenditure |
2.022 |
5.000 |
5.710 |
|
|
Other expenses |
2826.760 |
2536.468 |
1833.237 |
|
|
TOTAL |
13953.112 |
12246.410 |
14746.776 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
1650.105 |
1295.541 |
1293.732 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
514.652 |
555.392 |
556.647 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1135.453 |
740.149 |
737.085 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
739.714 |
667.390 |
649.406 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
395.739 |
72.759 |
87.679 |
|
|
|
|
|
|
|
Less |
TAX |
117.304 |
49.864 |
(24.090) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
278.435 |
22.895 |
111.769 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
49.070 |
41.175 |
44.187 |
|
|
|
|
|
|
|
Add |
Depreciation adjustment as per C A 2013 |
0.000 |
0.000 |
(4.781) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
27.505 |
49.070 |
41.175 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
23.22 |
1.91 |
9.32 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
716.421 |
695.330 |
477.584 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
2114.961 |
1755.818 |
2273.950 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
2047.703 |
1742.567 |
2255.241 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
31.74 |
26.35 |
24.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
11.50 |
13.85 |
15.21 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
93.52 |
91.02 |
46.57 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.10 |
0.86 |
1.11 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.26 |
0.19 |
0.20 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.85 |
0.88 |
0.86 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.33 |
3.14 |
3.36 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.92 |
2.02 |
1.72 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.95 |
3.69 |
3.59 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.21 |
2.33 |
2.32 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.81 |
0.17 |
0.70 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.72 |
0.22 |
1.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.98 |
1.23 |
6.06 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.92 |
0.89 |
0.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.55 |
0.49 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.21 |
0.18 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
41.68 |
48.89 |
51.76 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.92 |
0.89 |
0.98 |
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 |
119.905 |
119.905 |
119.905 |
|
Reserves & Surplus |
1724.555 |
1747.450 |
2025.886 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1844.460 |
1867.355 |
2145.791 |
|
|
|
|
|
|
Long-term borrowings |
4731.250 |
4548.218 |
3813.722 |
|
Short term borrowings |
997.412 |
618.425 |
467.023 |
|
Current maturities of
long-term debts |
477.584 |
695.330 |
716.421 |
|
Total
borrowings |
6206.246 |
5861.973 |
4997.166 |
|
Debt/Equity
ratio |
3.365 |
3.139 |
2.329 |
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 |
15997.090 |
13493.516 |
15399.257 |
|
|
|
(15.650) |
14.123 |
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 |
15997.090 |
13493.516 |
15399.257 |
|
Profit/ (Loss) |
111.769 |
22.895 |
278.435 |
|
|
0.70
% |
0.17
% |
1.81
% |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
290.395 |
337.523 |
|
Total |
290.395 |
337.523 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G74909961 |
100149817 |
30/12/2017 |
- |
- |
250000000.0 |
CROWFORD MARKET
BRANCH"DADA MANZIL" 67/69 MOHAMMED ALI ROADMUMBAIMH400003IN |
|
2 |
B75534297 |
10426873 |
06/05/2013 |
- |
- |
140760000.0 |
AM HAUPTBAHNHOF 2,
70173 STUTTGARTFEDERAL REPUBLIC OF GERMANYSTUTTGARTNA70049DE |
|
3 |
B32327967 |
10336098 |
05/01/2012 |
- |
- |
1090287000.0 |
AM HAUPTBAHNHOF
2STUTTGARTNA70173DE |
|
4 |
G44060705 |
10026551 |
13/10/2006 |
27/04/2017 |
- |
10131800000.0 |
CROWFORD MARKET
BRANCH"DADA MANZIL" 67/69 MOHAMMED ALI ROADMUMBAIMH400003IN |
|
5 |
G44646438 |
10464204 |
19/11/2013 |
- |
19/05/2017 |
1500000000.0 |
CRAWFORD MARKET
BRANCH,DADA MANZIL, 67/69 MOHAMMED ALI ROADMUMBAIMH400003IN |
|
6 |
G03736576 |
10089229 |
07/02/2008 |
- |
04/05/2016 |
291915000.0 |
AM HAUPTBAHNHOF 2,
70173 STUTTGART,FEDERAL REPUBLIC OF GERMANYSTUTTGARTNA70049DE |
|
7 |
C46607982 |
10452481 |
25/09/2013 |
- |
09/03/2015 |
750000000.0 |
INDUSTRIAL FINANCE
BRANCH,66/80, MUMBAI SAMACHAR MARG, FORT,MUMBAIMH400023IN |
|
8 |
A30031819 |
80039096 |
21/04/2006 |
- |
31/12/2007 |
648700000.0 |
CRAUFORD MARKET
BRANCH, DADA MANZILGROUND FLOOR, 67/69 MAOHAMMED ALI ROADMUMBAIMH400003IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- 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, India Prisons Service, Interpol, etc.
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 63.75 |
|
UK Pound |
1 |
INR 89.39 |
|
Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
|
Information Gathered
by : |
PUJ |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
YES |
|
--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.