|
|
|
MIRA INFORM REPORT
|
Report No. : |
516249 |
|
Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
ACME CHEM LIMITED (w.e.f. 11.02.2005) |
|
|
|
|
Formerly Known
As : |
ACME CHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
9A Saket 2, Ho Chi MINH Sarani, Kolkata- 700071, West Bengal |
|
Tel. No.: |
91-33- 22826195 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
21.07.1992 |
|
|
|
|
CIN No.: [Company Identification No.] |
U24118WB1992PLC055994 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 58.600 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA3931B |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Rubber Chemicals. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 4340000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1992 and it is a manufacturer of
rubber chemicals. As per the financials of March 2017, the company has registered a
minimal growth in its revenue and has reported average profit margin. Rating takes into consideration the company’s established track record
of business operations marked by sound networth base along with low solvency
indicators and good liquidity position. Further, the company has reported a good earnings per share of INR
50.54 against its face value of INR 10. Payments seems to be regular. In view of aforesaid, the subject can be considered good 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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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 22.06.2018
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 : |
Mr. Unnikrishnan Nair |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-33-22826285 |
|
Date : |
21.06.2018 |
(Tel. No.: 91-33-22826195/ 22821050 – Continuously ringing)
LOCATIONS
|
Registered Office : |
9A Saket 2, Ho Chi MINH Sarani, Kolkata- 700071, West Bengal, India |
|
Tel. No.: |
91-33- 22826195/ 22826285 /22821050 |
|
Mobile No.: |
91- 9339008974 (Mr. Devdas) |
|
Fax No.: |
91-33- 22826285 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Narain Holani |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
9A, Saker Apartment 2, Ho Chi Minh Sarani, Kolkata – 700071, West
Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.05.1958 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Chemical Engineer |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AADHN4805R |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.07.1992 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00397044 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Aditi Holani |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
9A, Saker Apartment 2, Ho Chi Minh Sarani, Kolkata – 700071, West
Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.09.1986 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.Com, Diploma in Fashion Designing |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ABOPH4982R |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2005 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00396932 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Varsha Holani |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
9A, Saker Apartment 2, Ho Chi Minh Sarani, Kolkata – 700071, West
Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.09.1964 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAPPH4568P |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2012 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00397144 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Bhanwarlal Joshi |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
161, Rachna Nagar Society, Face no. 4, Bharuach – 392002, Gujarat,
India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.08.1957 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
M.B.A |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ABUPJ5926D |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.11.2006 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00407392 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shrikant Virendra Hajarins |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
10, Kanakaditya, Sahayog Mandir Path, Ghantali, Thane (West) – 400602,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.11.1942 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.Com |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2009 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02594177 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sunil Bhandari |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
42, Weston Street, Kolkata – 700013, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2017 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02761307 |
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|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Karan Suri |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
1050/1, Survey Park, Santoshpur, Circus Avenue, Kolkata – 700075, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2017 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07911094 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjay Chatterjee |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
184, Jodhpur Park, Circus Avenue, Kolkata – 700068, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2017 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07911097 |
||||||||||||||||||||||||||||||||||||||||
Note:
- Date of appointment and designation of the directors has been updated as per the latest government registry records.
- As per our previous
database records, Mr. Sanjay Kumar Kejriwal, Mr. Pankaj Bansal, were the directors
of the company, however, they does not appear in the current government
registry records and the same could not be confirmed with the management
as well.
KEY EXECUTIVES
|
Name : |
Mr. Pawan |
|
Designation : |
Senior Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Narain Holani |
|
897000 |
|
Vasha Holani |
|
1068300 |
|
Lesha Commercial Private Limited, India |
|
66100 |
|
Narain Holani(HUF) |
|
1814500 |
|
Divya Electronics Private Limited, India |
|
3050 |
|
Paritosh Electicals Private Limited, India |
|
30 |
|
Adirish Properties Private Limited, India |
|
1975800 |
|
Rishabh Holani |
|
10 |
|
Aditi Holani |
|
22010 |
|
Stardox Vinimay Private Limited, India |
|
4000 |
|
Ranbhumi Marketing Private Limited, India |
|
2000 |
|
Vivek Tracom Private Limited, India |
|
6200 |
|
Prativa Suppliers Private Limited, India |
|
1000 |
|
Total |
|
5860000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
64.88 |
|
Promoters (Body corporate) |
34.84 |
|
Public/Other than promoters (Body corporate) |
0.28 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Rubber Chemicals. (Registered Activity) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Products/ Services : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Brand Names : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Agencies Held : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Exports : |
Not Divulged |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Imports : |
Not Divulged |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : (From Indirect Source) |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : (As on 2016) |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
A. K. Tekriwal and Company Chartered Accountants |
|
Address : |
34, Chittaranjan Avenue, Jabakusum House, 2nd Floor, Room
No. 07, Kolkata – 700012, West Bengal, India |
|
Tel. No.: |
91-33-22118809 |
|
Fax No.: |
91-33-22117142 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ABLPT4326N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary |
(CIN No.: U45400WB2007PTC116980 )
(CIN No.: U70101WB2007PTC117631)
(CIN No.: U70101WB2007PTC117668)
(CIN No.: U70102WB2014PTC200491)
(CIN No.: U70102WB2010PTC146365) |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
Lesha Commercial Private Limited |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5860000 |
Equity Shares |
INR 10/- each |
INR 58.600
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET – (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
58.600 |
58.600 |
58.600 |
|
(b) Reserves & Surplus |
1460.457 |
1164.271 |
955.204 |
|
(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) |
1519.057 |
1222.871 |
1013.804 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
24.740 |
22.311 |
21.209 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.892 |
0.718 |
0.545 |
|
Total Non-current
Liabilities (3) |
25.632 |
23.029 |
21.754 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
230.967 |
170.182 |
187.193 |
|
(b) Trade
payables |
55.382 |
90.393 |
34.195 |
|
(c) Other
current liabilities |
18.311 |
107.405 |
84.260 |
|
(d) Short-term
provisions |
2.500 |
0.545 |
9.551 |
|
Total Current
Liabilities (4) |
307.160 |
368.525 |
315.199 |
|
|
|
|
|
|
TOTAL |
1851.849 |
1614.425 |
1350.757 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
66.637 |
83.952 |
96.884 |
|
(ii)
Intangible Assets |
3.456 |
0.244 |
0.154 |
|
(iii)
Capital work-in-progress |
0.000 |
2.679 |
2.396 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1094.356 |
945.209 |
659.790 |
|
(c) Deferred tax assets (net) |
7.799 |
9.722 |
6.841 |
|
(d)
Long-term Loan and Advances |
151.800 |
84.371 |
72.713 |
|
(e) Other
Non-current assets |
0.000 |
0.250 |
2.665 |
|
Total Non-Current
Assets |
1324.048 |
1126.427 |
841.443 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
4.386 |
11.168 |
19.628 |
|
(b)
Inventories |
88.197 |
101.507 |
124.560 |
|
(c) Trade
receivables |
363.009 |
294.543 |
299.976 |
|
(d) Cash
and cash equivalents |
28.128 |
13.419 |
26.999 |
|
(e)
Short-term loans and advances |
44.081 |
67.361 |
38.151 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
527.801 |
487.998 |
509.314 |
|
|
|
|
|
|
TOTAL |
1851.849 |
1614.425 |
1350.757 |
PROFIT
& LOSS ACCOUNT - (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1505.282 |
1499.907 |
1542.276 |
|
|
Other Income |
106.102 |
79.484 |
53.534 |
|
|
TOTAL |
1611.384 |
1579.391 |
1595.810 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
935.636 |
989.199 |
1043.838 |
|
|
Purchases of
Stock-in-Trade |
0.563 |
4.038 |
2.736 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
22.050 |
12.311 |
(10.144) |
|
|
Employees benefits
expense |
59.603 |
40.446 |
22.157 |
|
|
CSR Expenditure |
2.000 |
0.000 |
0.000 |
|
|
Other expenses |
134.515 |
213.111 |
297.093 |
|
|
TOTAL |
1154.367 |
1259.105 |
1355.680 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
457.017 |
320.286 |
240.130 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
13.521 |
8.523 |
15.820 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
443.496 |
311.763 |
224.310 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.600 |
14.763 |
19.842 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
430.896 |
297.000 |
204.468 |
|
|
|
|
|
|
|
Less |
TAX |
134.710 |
87.934 |
68.166 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
296.186 |
209.066 |
136.302 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
NA |
744.651 |
608.349 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
NA |
NA |
744.651 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
NA |
259.345 |
|
|
TOTAL EARNINGS |
NA |
NA |
259.345 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
NA |
767.875 |
|
|
TOTAL IMPORTS |
NA |
NA |
767.875 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
50.54 |
35.68 |
23.26 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Current maturities of finance lease obligations |
0.409 |
0.756 |
2.024 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
304.462 |
473.964 |
240.367 |
|
Net cash flow from operating activity |
172.456 |
387.714 |
183.732 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
88.02 |
71.68 |
70.99 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
4.15 |
5.09 |
5.14 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
21.59 |
33.22 |
11.93 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
5.18 |
3.16 |
1.93 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
6.52 |
3.69 |
2.41 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.18 |
0.24 |
0.25 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.17 |
0.16 |
0.21 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.20 |
0.30 |
0.31 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.05 |
0.07 |
0.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
33.80 |
37.58 |
15.18 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
19.68 |
13.94 |
8.84 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
15.99 |
12.95 |
10.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
19.50 |
17.10 |
13.44 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.72 |
1.32 |
1.62 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.43 |
1.05 |
1.22 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.82 |
0.76 |
0.75 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.36 |
3.28 |
3.56 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.72 |
1.32 |
1.62 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
58.600 |
58.600 |
58.600 |
|
Reserves & Surplus |
955.204 |
1164.271 |
1460.457 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1013.804 |
1222.871 |
1519.057 |
|
|
|
|
|
|
long-term borrowings |
21.209 |
22.311 |
24.740 |
|
Short term borrowings |
187.193 |
170.182 |
230.967 |
|
Total borrowings |
208.402 |
192.493 |
255.707 |
|
Debt/Equity ratio |
0.206 |
0.157 |
0.168 |
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 |
1542.276 |
1499.907 |
1505.282 |
|
|
|
(2.747) |
0.358 |
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 |
1542.276 |
1499.907 |
1505.282 |
|
Profit/(Loss) |
136.302 |
209.066 |
296.186 |
|
|
8.84% |
13.94% |
19.68% |
ABRIDGED
BALANCE SHEET – (CONSOLIDTED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
38.842 |
58.600 |
|
(b) Reserves &
Surplus |
|
1483.916 |
1165.556 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Minority Interest |
|
68.717 |
65.423 |
|
Total Shareholders’ Funds
(1) + (2) |
|
1591.475 |
1289.579 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
29.740 |
22.311 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.892 |
0.718 |
|
Total Non-current
Liabilities (3) |
|
30.632 |
23.029 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
233.185 |
172.316 |
|
(b) Trade payables |
|
55.382 |
90.393 |
|
(c) Other current
liabilities |
|
18.772 |
107.715 |
|
(d) Short-term provisions |
|
2.500 |
0.545 |
|
Total Current Liabilities
(4) |
|
309.839 |
370.969 |
|
|
|
|
|
|
TOTAL |
|
1931.946 |
1683.577 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
66.637 |
83.952 |
|
(ii) Intangible Assets |
|
3.456 |
0.244 |
|
(iii) Capital
work-in-progress |
|
0.000 |
2.679 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
1169.452 |
1014.268 |
|
(c) Deferred tax assets
(net) |
|
7.799 |
9.722 |
|
(d) Long-term Loan and Advances |
|
151.801 |
84.371 |
|
(e) Other Non-current
assets |
|
0.000 |
0.250 |
|
Total Non-Current Assets |
|
1399.145 |
1195.486 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
4.385 |
11.168 |
|
(b) Inventories |
|
88.197 |
101.507 |
|
(c) Trade receivables |
|
363.009 |
294.543 |
|
(d) Cash and cash
equivalents |
|
32.991 |
13.512 |
|
(e) Short-term loans and
advances |
|
43.719 |
67.361 |
|
(f) Other current assets |
|
0.500 |
0.000 |
|
Total Current Assets |
|
532.801 |
488.091 |
|
|
|
|
|
|
TOTAL |
|
1931.946 |
1683.577 |
PROFIT
& LOSS ACCOUNT - (CONSOLIDTED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
1505.282 |
1499.907 |
|
|
Other Income |
|
106.237 |
79.551 |
|
|
TOTAL |
|
1611.519 |
1579.458 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
935.636 |
989.199 |
|
|
Purchases of
Stock-in-Trade |
|
0.563 |
4.038 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
22.050 |
12.311 |
|
|
Employees benefits
expense |
|
59.660 |
40.445 |
|
|
CSR Expenditure |
|
2.000 |
2.600 |
|
|
Other expenses |
|
134.750 |
210.663 |
|
|
TOTAL |
|
1154.659 |
1259.256 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
456.860 |
320.202 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
13.521 |
8.523 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
443.339 |
311.679 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
12.600 |
14.763 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
430.739 |
296.916 |
|
|
|
|
|
|
|
Less |
TAX |
|
133.922 |
76.624 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD FROM CONTINUING OPERATIONS |
|
296.817 |
220.292 |
|
|
|
|
|
|
|
|
TAX EXPENSE OF DISCONTINUING OPERATIONS |
|
0.787 |
11.315 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD BEFORE MINORITY INTEREST |
|
296.030 |
208.977 |
|
|
|
|
|
|
|
|
PROFIT (LOSS) OF MINORITY INTEREST |
|
0.047 |
0.022 |
|
|
|
|
|
|
|
|
SHARE OF PROFIT (LOSS) OF ASSOCIATES |
|
0.039 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD |
|
296.038 |
208.999 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
76.21 |
35.66 |
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 |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from others |
8.462 |
0.462 |
|
Other loans and advances |
0.569 |
0.780 |
|
Total |
9.031 |
1.242 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C42615112 |
10547340 |
The Hongkong and Shanghai Banking Corporation Limited |
31/10/2014 |
- |
- |
4500000.0 |
Hongkong House, Credit Services31 B B D Bagh Kolkata WEST BENGAL 700001 INDIA |
|
2 |
G09891979 |
10245366 |
Citi Bank N.A. |
01/10/2010 |
17/08/2016 |
- |
400000000.0 |
Kanak Building, 41 Chowringhee Road, Kolkata WEST BENGAL 700071 INDIA |
|
3 |
B04671475 |
10124932 |
ABN AMRO BANK N.V |
22/09/2008 |
29/09/2008 |
28/01/2011 |
58500000.0 |
HANSALYA BUILDING 15 BARAKHAMBA ROAD NEW DELHI 110001 INDIA |
|
4 |
A45754868 |
10055462 |
HDFC BANK LIMITED |
06/03/2007 |
09/02/2008 |
01/08/2008 |
50000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
5 |
A15201585 |
80028106 |
ORIENTAL BANK OF COMMERCE |
11/10/1994 |
28/10/1995 |
01/05/2007 |
2500000.0 |
LOHEIPURA VADODARA GUJARAT 390001 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees |
1.026 |
1.026 |
|
Other money for which company is contingently liable |
160.641 |
172.575 |
|
Total |
161.667 |
173.601 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
Intangible assets
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No 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 68.19 |
|
|
1 |
INR 89.58 |
|
Euro |
1 |
INR 78.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
SUD |
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.