|
|
|
MIRA INFORM REPORT
|
Report No. : |
516516 |
|
Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
MANIKA MOULDS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 28/1/2 and 21/1/2, Karajgam, Village Karajgam, Udhwa Road,
Silvassa – 396230, Dadra and Nagar Haveli |
|
Tel. No.: |
91-22-42234300 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
25.04.1996 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DN1996PTC000469 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 200.000 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0398065080 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM4545Q |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
26AABCM4545Q1Z0 |
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|
|
|
TIN No.: |
26000003187 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of various Kinds/ types of plastic moulded products (Registered Activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
225 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1996 and it is a manufacturing of various kinds/ types of plastic moulded products. As per financials of March 2017, the company has registered marginal decline 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 net worth base along with comfortable debt coverage indicators and decent liquidity position. Rating also takes into account the extensive experience of its promoters in the industry and established relationships with reputed clientele base. However, rating strength is partially offset by customer concentration risk, working capital intensive nature of operations, susceptibility of profit margins to volatility in raw material price volatility and prevailing competition in the moulded packaging industry. 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 (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 |
CARE |
|
Rating |
Long term rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
08.01.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
08.01.2018 |
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
31-03-2018.
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 PARTED BY
|
Name : |
Mr. Bhavin Shah |
|
Designation : |
Deputy General Manager |
|
Contact No.: |
91-8879635588 |
|
Date : |
21.06.2018 |
LOCATIONS
|
Registered Office / Factory1 : |
Survey No. 28/1/2 and 21/1/2, Karajgam, Village Karajgam, Udhwa Road, Silvassa
– 396230, Dadra and Nagar Haveli, India |
|
Tel. No.: |
Not Available |
|
Mobile: |
91-8879635588 (Mr. Bhavin Shah) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5 Acre |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Corporate Office
: |
Aar-Pee Centre, 601-605, 6th Floor, GUFIC Compound, MIDC,
Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-28200992/ 42234300 |
|
Fax No.: |
91-22-28200996 |
|
Area : |
3500 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Factory: |
Also Located at:
|
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Munjal Nikunj Kapadia |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
Flat 602, Gada Residency, Plot No.20, Saurabh Vallabh Society, 4th
Road, JVPD, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
15.08.1977 |
||||||||||||||||
|
Qualification : |
Graduate in Plastic Technologies |
||||||||||||||||
|
Date of Appointment : |
20.07.2015 |
||||||||||||||||
|
PAN No.: |
AAMPK5015H |
||||||||||||||||
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DIN No.: |
00876921 |
||||||||||||||||
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Other
Directorship:
|
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|
|
||||||||||||||||
|
Name : |
Mr. Nikunj Mohanlal Kapadia |
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|
Designation : |
Director |
||||||||||||||||
|
Address : |
Flat 601, Gada Residency, Plot No.20, Saurabh Vallabh Society, |
||||||||||||||||
|
Date of Birth/Age : |
05.05.1947 |
||||||||||||||||
|
Qualification : |
BSC |
||||||||||||||||
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Date of Appointment : |
25.04.1996 |
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PAN No.: |
AANPK7822K |
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DIN No.: |
00877120 |
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|
||||||||||||||||
|
Name : |
Mr. Mihir Nikunj Kapadia |
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|
Designation : |
Director |
||||||||||||||||
|
Address : |
Flat No 703, Gada Residency, Plot No. 20 Saurabh Vallabh Soc, 4Th Road, JVPD, Vile Parle (West), Mumbai -400056, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
09.04.1979 |
||||||||||||||||
|
Qualification : |
BE in Production Engineering, Pain Plastically |
||||||||||||||||
|
Date of Appointment : |
28.06.1997 |
||||||||||||||||
|
PAN No.: |
AAMPK9822E |
||||||||||||||||
|
DIN No.: |
00877316 |
||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Pratik Nikunj Kapadia |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
Flat 601, Gada Residency, Plot No.20, Saurabh Vallabh Society, |
||||||||||||||||
|
Date of Birth/Age : |
02.11.1983 |
||||||||||||||||
|
Qualification : |
Post Graduate in Plastic Technology |
||||||||||||||||
|
Date of Appointment : |
05.11.2001 |
||||||||||||||||
|
PAN No.: |
AAMPK9823F |
||||||||||||||||
|
DIN No.: |
00877370 |
||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Shaishav Jaykant Vora |
|
Designation : |
Company Secretary |
|
Address : |
Dheeraj Ganga, D 503, 5th Floor, Chincholi Bunder Road, Malad (West), Mumbai-400064, Maharashtra, India |
|
Date of Appointment : |
20.07.2015 |
|
PAN No.: |
AACPV9527D |
|
|
|
|
Name : |
Mr. Mukesh Chandrakant Thakkar |
|
Designation : |
Chief Finance Officer |
|
Address : |
Room No.2, S. R. Gawali Chawl, Parshiwadi, L.B.S. Marg, Ghatkopar (West) Mumbai-400086, Maharashtra, India |
|
Date of Appointment : |
20.07.2015 |
|
PAN No.: |
ADWPT0598H |
|
|
|
|
Name : |
Sanjay Dholakia and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
213, Ground Floor, Raghuleela Mall, Behind Poinsur Bus Depot,
Kandivali (West), Mumbai-400067, Maharashtra, India |
|
Tel. No.: |
91-22-28073233 |
|
Mobile No.: |
91-9870031365 |
|
E-Mail : |
|
|
|
|
|
Name : |
Mr. Bhavin Shah |
|
Designation : |
Deputy General Manager |
MAJOR SHAREHOLDERS
As on 29.09.2017
|
Names of Shareholders |
No. of Shares |
|
Nikunj Kapadia |
7050000 |
|
Malti Kapadia |
800000 |
|
Munjal Kapadia |
4000000 |
|
Mihir Kapadia |
4000000 |
|
Pratik Kapadia |
4000000 |
|
Neha Kapadia |
50000 |
|
Vaishali Kapadia |
50000 |
|
Reena Kapadia |
50000 |
|
|
|
|
Total |
20000000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of various Kinds/ types of plastic moulded products (Registered Activity and also Confirmed by management) |
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Products / Services
: |
|
||||
|
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|
||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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|
||||
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Exports : |
|
||||
|
Products : |
Plastic moulded products |
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|
Countries : |
Nepal |
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|
|
|
||||
|
Imports : |
Not Divulged |
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Products : |
Raw Material |
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Countries : |
China |
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|
||||
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Terms : |
|
||||
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Selling : |
L/C, Cheque |
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|
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|
||||
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Purchasing : |
L/C, Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
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|
Customers : |
End Users
|
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|
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No. of Employees : |
225 (Approximately) |
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|
|
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Bankers : |
|
||||||||||||||||||||||
|
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
D G Thakarar and Associates Chartered Accountants |
|
Address : |
B-14, Shubhlaxmi, 2nd Floor, 8th Road, Santacruz (East), Mumbai-400055, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFD4545P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
200.000 |
200.000 |
200.000 |
|
(b) Reserves and Surplus |
561.836 |
546.334 |
521.012 |
|
(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) |
761.836 |
746.334 |
721.012 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5.495 |
40.236 |
62.818 |
|
(b) Deferred tax liabilities (Net) |
11.798 |
11.756 |
8.564 |
|
(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) |
17.293 |
51.992 |
71.382 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
520.055 |
464.691 |
574.851 |
|
(b) Trade
payables |
161.669 |
124.728 |
82.485 |
|
(c) Other current
liabilities |
70.658 |
105.602 |
173.611 |
|
(d) Short-term
provisions |
3.337 |
3.249 |
4.658 |
|
Total Current
Liabilities (4) |
755.719 |
698.270 |
835.605 |
|
|
|
|
|
|
TOTAL |
1534.848 |
1496.596 |
1627.999 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
546.813 |
591.579 |
549.494 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
12.170 |
6.534 |
28.495 |
|
(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 |
8.870 |
8.160 |
9.579 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.172 |
|
Total Non-Current
Assets |
567.853 |
606.273 |
587.740 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
359.028 |
309.998 |
326.770 |
|
(c) Trade
receivables |
469.866 |
424.801 |
518.887 |
|
(d) Cash and
bank balances |
6.921 |
16.475 |
38.508 |
|
(e)
Short-term loans and advances |
130.822 |
138.520 |
155.721 |
|
(f) Other
current assets |
0.358 |
0.529 |
0.373 |
|
Total
Current Assets |
966.995 |
890.323 |
1040.259 |
|
|
|
|
|
|
TOTAL |
1534.848 |
1496.596 |
1627.999 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
2118.214 |
2179.011 |
2394.753 |
|
|
Other Income |
11.436 |
4.282 |
4.603 |
|
|
TOTAL |
2129.650 |
2183.293 |
2399.356 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1328.992 |
1359.397 |
1477.643 |
|
|
Purchases of
Stock-in-Trade |
55.240 |
110.674 |
109.623 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
44.924 |
4.242 |
173.862 |
|
|
Employee benefit expense |
124.278 |
108.954 |
96.774 |
|
|
CSR expenditure |
0.000 |
1.850 |
2.100 |
|
|
Other expenses |
358.540 |
331.033 |
318.176 |
|
|
TOTAL |
1911.974 |
1916.150 |
2178.178 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
217.676 |
267.143 |
221.178 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
80.149 |
87.928 |
116.891 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
137.527 |
179.215 |
104.287 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
83.410 |
83.180 |
50.334 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
54.117 |
96.035 |
53.953 |
|
|
|
|
|
|
|
Less |
TAX |
20.561 |
28.998 |
15.865 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
33.556 |
67.037 |
38.088 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
183.083 |
182.154 |
174.066 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
15.000 |
30.000 |
30.000 |
|
|
Interim dividends on equity
shares (excluding tax) |
15.000 |
30.000 |
0.000 |
|
|
Tax on Interim Dividend |
3.054 |
6.108 |
0.000 |
|
|
Total
|
33.054 |
66.108 |
30.000 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
183.585 |
183.083 |
182.154 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
14.522 |
44.341 |
46.532 |
|
|
TOTAL EARNINGS |
14.522 |
44.341 |
46.532 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
74.582 |
82.076 |
192.496 |
|
|
Components and spare
parts |
0.000 |
0.000 |
0.000 |
|
|
Capital Goods |
2.237 |
13.349 |
0.000 |
|
|
TOTAL IMPORTS |
76.819 |
95.425 |
192.496 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.68 |
3.35 |
4.04 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
2480.000 |
|
|
|
|
Due to business
growth |
Expected Sales (2018-2019): INR 2750.000 Million
The above information has been parted by Mr. Bhavin Shah (Deputy General
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
34.229 |
72.274 |
85.791 |
|
Net cash flows from (used in) operations |
126.881 |
359.320 |
157.972 |
|
Net cash flows from (used in) operating activities |
113.270 |
340.488 |
146.272 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
80.96 |
71.16 |
79.09 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.51 |
5.13 |
4.62 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
42.63 |
30.97 |
18.97 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.61 |
0.86 |
0.68 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.39 |
0.45 |
0.38 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.52 |
0.54 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.73 |
0.77 |
1.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.99 |
0.94 |
1.16 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.73 |
0.80 |
0.80 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.72 |
3.04 |
1.89 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.58 |
3.08 |
1.59 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.19 |
4.48 |
2.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.40 |
8.98 |
5.28 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.28 |
1.28 |
1.24 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.80 |
0.83 |
0.85 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.50 |
0.50 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.80 |
2.89 |
3.62 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.28 |
1.28 |
1.24 |
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 |
200.000 |
200.000 |
200.000 |
|
Reserves & Surplus |
521.012 |
546.334 |
561.836 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
721.012 |
746.334 |
761.836 |
|
|
|
|
|
|
Long-term borrowings |
62.819 |
40.236 |
5.494 |
|
Short term borrowings |
574.851 |
464.691 |
520.055 |
|
Current maturities of
long-term debts |
85.791 |
72.274 |
34.229 |
|
Total
borrowings |
723.461 |
577.201 |
559.778 |
|
Debt/Equity
ratio |
1.003 |
0.773 |
0.735 |
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 |
2394.753 |
2179.011 |
2118.214 |
|
|
|
(9.009) |
(2.790) |
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 |
2394.753 |
2179.011 |
2118.214 |
|
Profit/ (Loss) |
38.088 |
67.037 |
33.556 |
|
|
1.59
% |
3.08
% |
1.58
% |
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 |
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) |
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 four years |
Yes |
|
27] |
Reasons for variation <> 20% |
Yes |
|
28] |
Estimation for coming financial year |
Yes |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
BUSINESS OPERATIONS :
The Company continues to retain leadership position in its main business segment of battery containers.
The Company achieved Total Revenue of INR 2318.865 million during the current year (P.Y. –INR 2388.939 million). Due to the demonetization drive, sales in the months of November’16 to January’17 was adversely impacted leading to a reduction of 2.94% in total revenue in the current year.
The management has taken several initiatives in the year under review to further improve the performance in the coming years.
The Company’s products have been well received in the market. During the year, the Company has added new prestigious customers like Akzonoble India Ltd., Sambhav Agro Industries & Sabarkantha District Cooperative for its pails business. The Board is confident of the Company further consolidating its position and expanding its business in the coming years.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand |
26.436 |
25.866 |
|
|
|
|
|
Total |
26.436 |
25.866 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G59493338 |
100130435 |
State Bank of India |
11/10/2017 |
- |
- |
120000000.0 |
IFB, NATRAJ BUILDING, 102, 1ST FLOOR, 194,SIR M V ROAD WESTERN EXPRESS HIGHWAY, ANDHERI (E),MUMBAI-400069 MAHARASHTRA INDIA |
|
2 |
G00626630 |
10613993 |
State Bank of India |
23/12/2015 |
21/03/2016 |
- |
50000000.0 |
IFB, NATRAJ BUILDING, 102, 1ST FLOOR, 194,SIR M V ROAD WESTERN EXPRESS HIGHWAY, ANDHERI (E),MUMBAI-400069 MAHARASHTRA INDIA |
|
3 |
G00626812 |
10193822 |
State Bank of India |
23/11/2009 |
21/03/2016 |
- |
616000000.0 |
IFB, NATRAJ BUILDING, 102, 1ST FLOOR, 194,SIR M V ROAD WESTERN EXPRESS HIGHWAY, ANDHERI (E),MUMBAI-400069 MAHARASHTRA INDIA |
|
4 |
G46090510 |
10535073 |
State Bank of India |
13/11/2014 |
21/03/2016 |
31/05/2017 |
120000000.0 |
IFB, NATRAJ BUILDING, 102, 1ST FLOOR, 194,SIR M V ROAD WESTERN EXPRESS HIGHWAY, ANDHERI (E),MUMBAI-400069 MAHARASHTRA INDIA |
|
5 |
C74938036 |
10203917 |
State Bank of India |
02/03/2010 |
27/08/2015 |
30/12/2015 |
150000000.0 |
IFB, NATRAJ BUILDING, 102, 1ST FLOOR, 194,SIR M V ROAD, WESTERN EXPRESS HIGHWAY, ANDHERI (E)MUMBAI-400069 MAHARASHTRA INDIA |
|
6 |
B77394609 |
80010349 |
Bank of Baroda |
13/02/2002 |
17/01/2012 |
13/06/2013 |
560000000.0 |
SANTACRUZ (EAST) BRANCH, PUSHPA KUNJ,NEHRU ROAD, SANTACRUZ (EAST),MUMBAI-400021 MAHARASHTRA INDIA |
|
7 |
B72984966 |
10366185 |
ICICI BANK LIMITED |
12/07/2012 |
- |
15/04/2013 |
150000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODA 390015 VADODARA INDIA |
|
8 |
B73431736 |
10394189 |
STATE BANK OF INDIA |
04/12/2012 |
- |
05/04/2013 |
100000000.0 |
IFB, NATRAJ BUILDING, 102, 1ST FLOOR, 194,SIR M V ROAD WESTERN EXPRESS HIGHWAY, ANDHERI (E),MUMBAI-400069 MAHARASHTRA INDIA |
|
9 |
B35201185 |
80010352 |
BANK OF BARODA |
13/02/2002 |
17/02/2007 |
20/03/2012 |
104021000.0 |
SANTACRUZ (EAST) BRANCH, PUSHPA KUNJ,NEHRU ROAD, SANTACRUZ (EAST),MUMBAI-400055I MAHARASHTRA INDIA |
|
10 |
B35198290 |
80064854 |
Bank of Baroda |
15/03/2005 |
- |
20/03/2012 |
5000000.0 |
PUSHPA KUNJ NEHRU ROADSANTACRUZ(EAST) MUMBAI-400055 MAHARASHTRA INDIA |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Other plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 68.08 |
|
|
1 |
INR 89.59 |
|
Euro |
1 |
INR 78.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
POON |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RKI |
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 |
NO |
|
--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.