|
|
|
MIRA INFORM REPORT
|
Report No. : |
512733 |
|
Report Date : |
01.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
OLYMPIC DECOR LLP (w.e.f. 31.03.2016) |
|
|
|
|
Formerly Known
As : |
SARA SUPPLIERS LLP |
|
|
|
|
Registered
Office : |
6, 1st Floor, Patel Avenue, Near Gurudwara, S. G. Highway,
Bodakdev, Ahmedabad – 380054, Gujarat |
|
Tel. No.: |
91-79-40017979 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Establishment : |
16.03.2016 |
|
|
|
|
Total Obligation
of Contribution: |
INR 2016.466 Million |
|
|
|
|
LLPIN : |
AAF-9531 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0816900591 |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
ADAFS2113H |
|
|
|
|
GSTIN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
The firm is doing business of manufacturing and trading in
Laminate Sheets and also engaged in business of Generation of Power through
Windmill. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information denied by the management
|
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 5761000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2012 as a Private Limited Company in name of “Sara Suppliers Private Limited”. Later on 16th March, 2016 the company got converted in LLP with the name of “Sara Suppliers LLP”. Further on 31st March, 2016 the name of “Sara Suppliers LLP” was changed to “Olympic Decor LLP”. Subject is a manufacturer, exporter and importer of sunmica laminated sheet. It is also engaged in the business of power generation through windmill. As per the Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2018 but documents related to the financial for the year 31.03.2018 are not available from any sources. As per the financial of 2017, the subject has achieved a massive growth in its revenue as compared to the previous year but has incurred operational losses. The overall financial position of the subject seems to be satisfactory marked by healthy networth base and low debt balance sheet profile. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 01.06.2018
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 BY
|
Name : |
Ms. Anil |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-79-40017979 |
|
Date : |
30.05.2018 |
MANAGEMENT NON-COOPERATIVE (TEL NO.: 91-2764-281503)
LOCATIONS
|
Registered
Office : |
6, 1st Floor, Patel Avenue, Near Gurudwara, S. G. Highway, Bodakdev,
Ahmedabad – 380054, Gujarat, India |
|
Tel. No.: |
91-79-40017979 |
|
Fax No.: |
Not Available |
|
Email : |
|
|
Website : |
|
|
Locality : |
Owned |
|
Location : |
Commercial |
|
|
|
|
Factory : |
Block No. 49-50, Village – Karoli, Taluka – Kalol Gandhinagar –
382721, Gujarat, India |
|
Tel. No.: |
91-2764-281503 / 281504 |
PARTNERS
As on 31.03.2017
|
Name : |
Mr. Jitendra Tulsidas Patel |
||||||||
|
Designation : |
Designated Partner |
||||||||
|
Address : |
11, Manek Baug Society, Satellite Road, Ahmedabad - 380015, Gujarat, India |
||||||||
|
Date of Birth/Age: |
15.06.1960 |
||||||||
|
Date of Appointment : |
16.03.2016 |
||||||||
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DPIN No.: |
00204168 |
||||||||
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Other
Directorship.:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Arvindkumar Ambalal Patel |
||||||||
|
Designation : |
Designated Partner |
||||||||
|
Address : |
8, Basant Rajab Park Society, Satellite Road, Ahmedabad -
380015, Gujarat, India |
||||||||
|
Date of Birth/Age: |
19.03.1957 |
||||||||
|
Date of Appointment : |
16.03.2016 |
||||||||
|
DPIN No.: |
00211536 |
||||||||
|
|
|
||||||||
|
Name : |
Ms. Heena Bharat Patel |
||||||||
|
Designation : |
Partner |
||||||||
|
Address : |
301, Silver ARC, Dhebar Road, Rajkot-360002, Gujarat, India |
||||||||
|
PAN No.: |
ACTPP6569J |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Bharat Tulsidas Patel |
||||||||
|
Designation : |
Partner |
||||||||
|
Address : |
301, Silver Arc, Dhebar Road, Rajkot-360002, Gujarat, India |
||||||||
|
PAN No.: |
ACTPP6556F |
||||||||
|
|
|
||||||||
|
Name : |
Ms. Chetnaben Dineshbhai Patel |
||||||||
|
Designation : |
Partner |
||||||||
|
Address : |
Raj Bhavan, Near Sukh Shanti Bungalow, Meghani Road, Wadhwan-363001, Gujarat, India |
||||||||
|
PAN No.: |
ACTPP6559L |
||||||||
|
|
|
||||||||
|
Name : |
Ms. Seema Jitendra Patel |
||||||||
|
Designation : |
Partner |
||||||||
|
Address : |
11, Manekbaug Society, Satellite Road, Ahmedabad – 380015, Gujarat, India |
||||||||
|
PAN No.: |
ACVPP1643D |
||||||||
|
|
|
||||||||
|
Name : |
Ms. Geetaben Ashwinkumar Patel |
||||||||
|
Designation : |
Partner |
||||||||
|
Address : |
94, Nandanbaug, Village Shela, Ahmedabad – 380058, Gujarat, India |
||||||||
|
PAN No.: |
AAMPP6693A |
||||||||
|
|
|
||||||||
|
Name : |
Ms. Monaben Bharatkumar Patel |
||||||||
|
Designation : |
Partner |
||||||||
|
Address : |
01, Shaswat Bungalows, Behind Rajpath Club, S.G. Highways, Ahmedabad-380051, Gujarat, India |
||||||||
|
PAN No.: |
ACWPP4441J |
||||||||
|
|
|
||||||||
|
Name : |
Ms. Nisha Arvind Patel |
||||||||
|
Designation : |
Partner |
||||||||
|
Address : |
14, Vasant Rajab Society, Satellite Road, Ahmedabad-380015, Gujarat, India |
||||||||
|
PAN No.: |
ACWPP4442M |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Shiv Jitendra Patel |
||||||||
|
Designation : |
Partner |
||||||||
|
Address : |
11, Manekbaug Society, Opposite Kanchandeep Buliding S M Road, Ahmedabad – 380015, Gujarat, India |
||||||||
|
PAN No.: |
ATSPP1345E |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Dinesh Tulsidas Patel |
||||||||
|
Designation : |
Partner |
||||||||
|
Address : |
Raj Bhavan Meghani Road, Near Sukh Shanti Banglow, Surendranagar, Wadhvan -363001, Gujarat, India |
||||||||
|
PAN No.: |
ACVPP1642C |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Raj Dinesh Patel |
||||||||
|
Designation : |
Partner |
||||||||
|
Address : |
7, Swati Bunglow, Near Sujal Bunglow, Shilaj Road, Bodakdev, Ahmedabad-380054, Gujarat, India |
||||||||
|
PAN No.: |
ACTPP6558M |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Jay Ashwinbhai Patel |
||||||||
|
Designation : |
Partner |
||||||||
|
Address : |
13, Unique Park, Opposite I.S.R.O. Gate, Satellite, Ahmedabad – 380015, Gujarat, India |
||||||||
|
PAN No.: |
AFKPP4553N |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Bharatkumar Ambalal Patel |
||||||||
|
Designation : |
Partner |
||||||||
|
Address : |
1, Shashwat Bunglows, B/h. Rajpath Club, Bodakdev Ahmedabad-380054, Gujarat, India |
||||||||
|
PAN No.: |
AAMPP6699L |
||||||||
CONTRIBUTION DETAILS
As on 31.03.2017
|
Names of Person |
|
Capital
Contribution (INR in Million) |
|
Heena Bharat Patel |
|
7.053 |
|
Bharat Tulsidas Patel |
|
23.484 |
|
Chetnaben Dineshbhai Patel |
|
9.979 |
|
Seema Jitendra Patel |
|
9.304 |
|
Geetaben Ashwinkumar Patel |
|
40.838 |
|
Monaben Bharatkumar Patel |
|
2.251 |
|
Nisha Arvind Patel |
|
2.476 |
|
Shiv Jitendra Patel |
|
11.885 |
|
Dinesh Tulsidas Patel |
|
31.888 |
|
Raj Dinesh Patel |
|
12.935 |
|
Jay Ashwinbhai Patel |
|
0.016 |
|
Bharatkumar Ambalal Patel |
|
33.033 |
|
Arvindkumar Ambalal Patel |
|
32.806 |
|
Jitendra Tulsidas Patel |
|
29.652 |
|
Total |
|
247.600 |
BUSINESS DETAILS
|
Line of Business : |
The firm is doing business of manufacturing and trading in
Laminate Sheets and also engaged in business of Generation of Power through
Windmill. (Registered activity) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Pramodkumar Dad and Associates Chartered Accountants |
|
Address : |
402, Shivalik – 10, Opposite SBI Zonal Office, Near the Grand mall, S.
M. Road, Ambawadi, Ahmedabad – 380015, Gujarat, India |
|
Tel. No.: |
91-79-26306027 / 26306047 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Company in which KMP / Relatives of KMP can exercise significant
influence : (As on 31.03.2017) |
·
Royal Touch Laminates Private Limited ·
Silk Touch Vitrified Private Limited ·
Crown Laminates Private Limited ·
Royal Touch Aluminium Private Limited |
|
|
|
|
Firm in which KMP / Relatives of KMP can exercise significant
influence : (As on 31.03.2017) |
·
Royal Sales ·
Meghdev Enterprise |
CAPITAL STRUCTURE
As on 31.03.2017
FIXED CAPITAL
ACCOUNT
(INR in Million)
|
Name of Partner |
Profit/Loss Sharing Ratio |
Balance as on 16.03.2016 |
Profit/Loss of earlier year |
Addition |
Withdrawal |
Balance as on 31.03.2017 |
|
Arvindkumar Ambalal Patel |
13.25% |
32.806 |
-- |
-- |
-- |
32.806 |
|
Bharatkumar Ambalal Patel |
13.34% |
33.033 |
-- |
-- |
-- |
33.033 |
|
Bharat Tulsidas Patel |
9.48% |
23.484 |
-- |
-- |
-- |
23.484 |
|
Chetnaben Dineshbhai Patel |
4.03% |
9.979 |
-- |
-- |
-- |
9.979 |
|
Dinesh Tulsidas Patel |
12.88% |
31.888 |
-- |
-- |
-- |
31.888 |
|
Geetaben Ashwinkumar Patel |
16.49% |
40.838 |
-- |
-- |
-- |
40.838 |
|
Heena Bharat Patel |
2.85% |
7.053 |
-- |
-- |
-- |
7.053 |
|
Jay Ashwinbhai Patel |
0.01% |
0.016 |
-- |
-- |
-- |
0.016 |
|
Jitendra Tulsidas Patel |
11.98% |
29.652 |
-- |
-- |
-- |
29.652 |
|
Monaben Bharatkumar Patel |
0.91% |
2.251 |
-- |
-- |
-- |
2.251 |
|
Nisha Arvind Patel |
1.00% |
2.476 |
-- |
-- |
-- |
2.476 |
|
Raj Dinesh Patel |
5.22% |
12.935 |
-- |
-- |
-- |
12.935 |
|
Seema Jitendra Patel |
3.76% |
9.304 |
-- |
-- |
-- |
9.304 |
|
Shiv Jitendra Patel |
4.80% |
11.885 |
-- |
-- |
-- |
11.885 |
|
Total |
100.00% |
247.600 |
-- |
-- |
-- |
247.600 |
CURRENT CAPITAL
ACCOUNT
|
Name of Partner |
Profit/Loss Sharing Ratio |
Balance as on 16.03.2016 |
Profit/Loss of earlier year |
Additional |
withdrawal |
Balance as on 31.03.2017 |
|
Arvindkumar Ambalal Patel |
13.25% |
267.100 |
(6.909) |
6.269 |
20.946 |
245.514 |
|
Bharatkumar Ambalal Patel |
13.34% |
268.945 |
(6.956) |
0.995 |
13.754 |
249.23 |
|
Bharat Tulsidas Patel |
9.48% |
191.205 |
(4.946) |
15.125 |
8.660 |
192.724 |
|
Chetnaben Dineshbhai Patel |
4.03% |
81.247 |
(2.101) |
0.675 |
8.595 |
71.226 |
|
Dinesh Tulsidas Patel |
12.88% |
259.623 |
(6.715) |
15.000 |
71.183 |
196.725 |
|
Geetaben Ashwinkumar Patel |
16.49% |
332.490 |
(8.601) |
5.730 |
10.290 |
319.329 |
|
Heena Bharat Patel |
2.85% |
57.423 |
(1.485) |
-- |
5.130 |
50.808 |
|
Jay Ashwinbhai Patel |
0.01% |
0.133 |
(0.003) |
15.840 |
0.830 |
15.14 |
|
Jitendra Tulsidas Patel |
11.98% |
241.419 |
(6.245) |
3.370 |
122.279 |
116.265 |
|
Monaben Bharatkumar Patel |
0.91% |
18.326 |
(0.474) |
-- |
-- |
17.852 |
|
Nisha Arvind Patel |
1.00% |
20.159 |
(0.521) |
-- |
-- |
19.638 |
|
Raj Dinesh Patel |
5.22% |
105.313 |
(2.724) |
19.980 |
10.895 |
111.674 |
|
Seema Jitendra Patel |
3.76% |
75.749 |
(1.959) |
1.000 |
4.120 |
70.67 |
|
Shiv Jitendra Patel |
4.80% |
96.765 |
(2.503) |
0.450 |
2.641 |
92.071 |
|
Total |
100.00% |
2015.897 |
(52.142) |
84.434 |
279.323 |
1768.866 |
FINANCIAL DATA
[all figures are
in INR Million]
OLYMPIC
DECOR LLP
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
CAPITAL AND LIABILITIES |
|
|
|
|
(1) Capital Account |
|
|
|
|
(a) Partner’s Fund |
|
2016.466 |
2263.497 |
|
(b) Reserves & Surplus |
|
0.000 |
0.000 |
|
(c) Money received against share
warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2016.466 |
2263.497 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
25.339 |
51.753 |
|
(b) Deferred tax liabilities
(Net) |
|
41.213 |
49.993 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.432 |
0.279 |
|
Total
Non-current Liabilities (3) |
|
66.984 |
102.025 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
81.752 |
36.352 |
|
(b) Trade payables |
|
232.409 |
213.411 |
|
(c) Other current liabilities |
|
40.410 |
27.055 |
|
(d) Short-term provisions |
|
0.373 |
0.438 |
|
Total
Current Liabilities (4) |
|
354.944 |
277.256 |
|
|
|
|
|
|
TOTAL |
|
2438.394 |
2642.778 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
252.869 |
264.738 |
|
(ii) Intangible Assets |
|
1148.197 |
1530.774 |
|
(iii) Capital work-in-progress |
|
0.000 |
2.096 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
66.833 |
59.662 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
48.455 |
39.923 |
|
(e) Other Non-current assets |
|
9.393 |
7.009 |
|
Total
Non-Current Assets |
|
1525.747 |
1904.202 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
490.392 |
453.758 |
|
(c) Trade receivables |
|
269.528 |
236.920 |
|
(d) Cash and cash equivalents |
|
116.221 |
21.114 |
|
(e) Short-term loans and
advances |
|
34.171 |
24.487 |
|
(f) Other current assets |
|
2.335 |
2.297 |
|
Total
Current Assets |
|
912.647 |
738.576 |
|
|
|
|
|
|
TOTAL |
|
2438.394 |
2642.778 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
1461.843 |
49.095 |
|
|
Other Income |
|
11.943 |
0.654 |
|
|
TOTAL
|
|
1473.786 |
49.749 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
878.171 |
24.047 |
|
|
Purchases of Stock-in-Trade |
|
47.035 |
1.421 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(70.024) |
6.426 |
|
|
Employees benefits expense |
|
38.723 |
1.938 |
|
|
Other expenses |
|
213.633 |
8.079 |
|
|
TOTAL |
|
1107.538 |
41.911 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
366.248 |
7.838 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
8.284 |
0.373 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
357.964 |
7.465 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
418.887 |
14.980 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
(60.923) |
(7.515) |
|
|
|
|
|
|
|
Less |
TAX |
|
(8.781) |
2.391 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
(52.142) |
(9.906) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2017 |
31.03.2016 |
|
Current
Maturities of Long term debt |
|
|
|
|
ICICI Term Loan |
|
|
6.546 |
|
ICICI Bank Limited Car Loan |
|
|
0.847 |
|
HDFC Bank Limited (Car Loan) |
|
|
1.409 |
|
Total
|
|
24.469 |
8.802 |
|
|
|
|
|
|
Cash generated from operations |
|
NA |
NA |
|
Net cash flow from operating activity |
|
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
67.30 |
1761.40 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
5.42 |
0.21 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
91.69 |
3058.54 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.75 |
0.02 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
0.26 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.17 |
0.13 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
0.07 |
0.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
0.18 |
0.12 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.69 |
0.79 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
44.21 |
21.01 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
((PAT / Sales) * 100) |
% |
|
(3.57) |
(20.18) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
(2.14) |
(0.37) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
(2.59) |
(0.44) |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
2.57 |
2.66 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
1.19 |
1.03 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.83 |
0.86 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
0.07 |
0.04 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
2.57 |
2.66 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Share Capital |
2263.497 |
2016.466 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net
worth |
2263.497 |
2016.466 |
|
|
|
|
|
Long Term borrowings |
51.753 |
25.339 |
|
Short Term borrowings |
36.352 |
81.752 |
|
Current Maturities of Long term debt |
8.802 |
24.469 |
|
Total
borrowings |
96.907 |
131.560 |
|
Debt/Equity
ratio |
0.043 |
0.065 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales
|
49.095 |
1461.843 |
|
|
|
2,877.580 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales
|
49.095 |
1461.843 |
|
Profit
/ (Loss) |
(9.906) |
(52.142) |
|
|
(20.18%) |
(3.57%) |
CAPITAL STRUCTURE
SARA
SUPPLIERS PRIVATE LIMITED
As on 29.02.2016
(Provisional)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24760000 |
Equity Shares |
INR 10/- each |
INR 247.600 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24760000 |
Equity Shares |
INR 10/- each |
INR 247.600 Million |
|
|
|
|
|
ABRIDGED
BALANCE SHEET
SARA
SUPPLIERS PRIVATE LIMITED
|
SOURCES OF FUNDS |
29.02.2016 (Provisional) |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
|
(a) Share Capital |
247.600 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
2059.712 |
(0.025) |
(0.015) |
(0.008) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2307.312 |
0.075 |
0.085 |
0.092 |
|
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
|
(a) long-term borrowings |
53.352 |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
19.590 |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
72.942 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
|
(a) Short
term borrowings |
62.801 |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
225.644 |
0.000 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
25.328 |
0.007 |
0.015 |
0.008 |
|
(d) Short-term
provisions |
32.559 |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
346.332 |
0.007 |
0.015 |
0.008 |
|
|
|
|
|
|
|
TOTAL |
2726.586 |
0.082 |
0.100 |
0.100 |
|
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
|
(1)
Non-current assets |
|
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
|
(i)
Tangible assets |
262.875 |
0.000 |
0.000 |
0.000 |
|
(ii)
Intangible Assets |
1560.001 |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.125 |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
59.662 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
35.707 |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
5.606 |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1923.976 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
445.931 |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
276.587 |
0.000 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
21.645 |
0.082 |
0.100 |
0.100 |
|
(e)
Short-term loans and advances |
56.909 |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
1.538 |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
802.610 |
0.082 |
0.100 |
0.100 |
|
|
|
|
|
|
|
TOTAL |
2726.586 |
0.082 |
0.100 |
0.100 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
29.02.2016 (Provisional) |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
1289.431 |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
8.574 |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
1298.005 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Cost of Materials Consumed |
764.441 |
0.000 |
0.000 |
0.000 |
|
|
|
Purchases of Stock-in-Trade |
79.754 |
0.000 |
0.000 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
16.194 |
0.000 |
0.000 |
0.000 |
|
|
|
Employees benefits expense |
35.681 |
0.000 |
0.000 |
0.000 |
|
|
|
Other expenses |
171.153 |
0.010 |
0.008 |
0.008 |
|
|
|
TOTAL |
1067.223 |
0.010 |
0.008 |
0.008 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
230.782 |
(0.010) |
(0.008) |
(0.008) |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
14.800 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
215.982 |
(0.010) |
(0.008) |
(0.008) |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
383.745 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(167.763) |
(0.010) |
(0.008) |
(0.008) |
|
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(167.763) |
(0.010) |
(0.008) |
(0.008) |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
(6.78) |
(0.96) |
(0.76) |
(0.76) |
|
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last about one year
and one month |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last about one year and
one month |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
CORPORATE
INFORMATION:
Olympic Decor LLP was incorporated on 16.03.2016 (Registration No. AAF-9531) in pursuant to conversion of Sara Suppliers Private Limited into Limited Liability Partnership.
The firm is doing business of manufacturing and trading in Laminate Sheets and also engaged in business of Generation of Power through Windmill with capacity of 1.25 MW at wind farm consisting of 1 (one) Wind Turbine Generator (used for generating wind energy) at Village : Mevasa, Taluka : Dwarka, District : Jamnagar, State : Gujarat.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
2.026 |
|
Loans and advances from others |
1.500 |
0.000 |
|
|
|
|
|
Total |
1.500 |
2.026 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
M02369908 |
100056938 |
ICICI BANK LIMITED |
14/10/2016 |
- |
- |
213000000.0 |
ICICI Bank Tower, Near Chakli Circle, Old Padra Road,
Vadodara-390007, Gujarat, India |
FIXED ASSETS
·
Land
·
Building
·
Staff Colony
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Computers
·
Office Equipment
·
Windmill
· Computer software
· Goodwill
· Trade and copyright
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 67.82 |
|
|
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHAL |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KJL |
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.