|
|
|
MIRA INFORM REPORT
|
Report No. : |
516266 |
|
Report Date : |
21.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
OLYMPIC OIL INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
709, C Wing, One BKC, Near Indian Oil Petrol Pump, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra |
|
Tel. No.: |
91-22-26540901 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 |
|
|
|
|
Date of
Incorporation : |
29.07.1980 |
|
|
|
|
CIN No.: [Company Identification
No.] |
L15141MH1980PLC022912 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 28.540 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Trading
of Agri-Commodities, Mineral and Metals, Paper, Aluminum Foil, Laptops,
Computers, Invertors, Polymers and Coal etc. [Registered Activity] |
|
|
|
|
No. of Employees
: [As on
31.03.2017] |
15 (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 : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1980 and it is a trader, exporter and importer of Rapeseed Meal, Yellow Peas Paper, Aluminium Foils and Agri Commodities. As per the financials of March 2018, the company has registered a minimal growth in its revenue and has reported low profit margin. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with average debt coverage indicators and good liquidity position. Shares are quoted high Stock Exchanges. (Shares are traded at a price of INR 116.10 against its face value of INR 10.) Payments seems to be regular. In view of aforesaid, the subject 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.
EXTERNAL AGENCY RATING
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 21.06.2018.
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 DECLINED BY
|
Name : |
Mr. Jitendra Pawar |
|
Designation : |
Export Executive |
|
Contact No.: |
91-9320670020 |
|
Date : |
20.06.2018 |
LOCATIONS
|
Registered Office : |
709, C Wing, One BKC, Near Indian Oil Petrol Pump, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India |
|
Tel. No.: |
91-22-26540901/ 42138333/ 42634444 |
|
Mobile No.: |
91-9320670020 [Mr. Jitendra Pawar] |
|
Fax No.: |
91-22-28240906 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Offices : |
|
DIRECTORS
AS ON: 31.03.2018
|
Name : |
Mr. Arvind Srivastava |
|
Designation : |
Director |
|
Address : |
M-78B FF, Block –M, Malviya Nagar, Delhi – 110017, India |
|
Date of Appointment : |
24.09.2010 |
|
DIN No.: |
01957831 |
|
|
|
|
Name : |
Mr. Rakesh Dipakkumar Desai |
|
Designation : |
Additional Director |
|
Address : |
A-21 Vrundavan Society,Vip Road,Behind Bright School, Karelibaug, Vadodara- 390018, Gujarat, India |
|
Date of Appointment : |
10.11.2017 |
|
DIN No.: |
07960015 |
|
|
|
|
Name : |
Mr. Gopal Saxena |
|
Designation : |
Director |
|
Address : |
Hno.133 Chak Nan.111, Ashok Nagar, Anshik ''Ps'' Teh-Kanpur, Sadar, Kanpur Nagar – 208001, Uttar Pradesh, India |
|
Date of Appointment : |
12.08.2013 |
|
DIN No.: |
06656177 |
|
|
|
|
Name : |
Mrs. Sharad Bhartia |
|
Designation : |
Whole Time Director |
|
Address : |
7/190 A Swaroop Nagar , Kanpur – 208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
35 Years |
|
Qualification : |
Bachelor of Business Management |
|
Brief
resume and Expertise in specific functional area : |
Hailing from a business
background, he took the plunge into his business as soon as he graduated.
Over the years he has gained tremendous experience and today Plastics &
Paper and Silk Yarn has become his forte. He has also ventured into the
corrugated and cardboard boxes manufacturing facilities and enjoys good
clientele. He is serving to the Company on whole time basis since 26th October, 2010. |
|
Date of Appointment : |
26.10.2010 |
|
DIN No.: |
01719932 |
|
|
|
|
Name : |
Mr. Nipun Verma |
|
Designation : |
Whole Time Director |
|
Address : |
3a/217, Azad Nagar, Kanpur – 208002, Uttar Pradesh, India |
|
Date of Appointment : |
01.11.2015 |
|
DIN No.: |
02923423 |
|
|
|
|
Name : |
Mrs. Poonam Singh |
|
Designation : |
Director |
|
Address : |
S-379, First Floor, Greater Kailash, Part – II, New Delhi – 110048, India |
|
Date of Birth/Age : |
56 Years |
|
Qualification : |
BA (Hons) |
|
Brief
resume and Expertise in specific functional area : |
Ms. Poonam has wide experience in Management and administration of business. |
|
Date of Appointment : |
28.09.2016 |
|
DIN No.: |
07099937 |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh Madhav Kuwalekar |
|
Designation : |
Company Secretary |
|
Address : |
C-106, Surya Complex, Subhash Road, Dombivli (West), Thane - 421202 , Maharashtra, India |
|
Date of Appointment : |
30.05.2014 |
|
PAN No.: |
AXWPK4306N |
|
|
|
|
Name : |
Mr. Manoj Kumar Upadhyay |
|
Designation : |
Chief Financial Officer |
|
Address : |
Plot No. 66-A, Greater Kailash, Tiwaripur, Jajmau, Kanpur – 208010, Uttar Pradesh, India |
|
Date of Appointment : |
01.06.2017 |
|
PAN No.: |
AAPPU2464B |
|
|
|
|
Name : |
Mr. Jitendra Pawar |
|
Designation : |
Export Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2018
|
Category of Shareholder |
Total No. of Shares |
As a % |
|
(A) Promoter and Promoter Group |
688660 |
24.13 |
|
(B) Public |
2165340 |
75.87 |
|
|
|
|
|
Grand Total |
2854000 |
100.00 |
Statement showing
shareholding pattern of the Promoter and Promoter Group
|
Category of
shareholder |
No. of fully paid
up equity shares held |
Shareholding as a %
of total no. of shares (calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
|
|
|
Individuals/Hindu undivided Family |
688660 |
24.13 |
|
|
NILIMA U DESAI |
36100 |
1.26 |
|
|
SUJAY U DESAI |
110700 |
3.88 |
|
|
UDAY JAYANT DESAI |
191640 |
6.71 |
|
|
SUNIL VERMA |
350220 |
12.27 |
|
|
Sub Total A1 |
688660 |
24.13 |
|
|
A2) Foreign |
0.00 |
|
|
|
A=A1+A2 |
688660 |
24.13 |
|
Statement showing
shareholding pattern of the Public shareholder
|
Category & Name
of the Shareholders |
No. of fully paid
up equity shares held |
Shareholding %
calculated as per SCRR, 1957 As a % of (A+B+C2) |
|
|
|||
|
|||
|
|||
|
B1) Institutions |
0 |
0.00 |
|
|
B2) Central Government/ State
Government(s)/ President of India |
0 |
0.00 |
|
|
B3) Non-Institutions |
0 |
0.00 |
|
|
Individual share capital upto INR 0.200
Million |
226523 |
7.94 |
|
|
Individual share capital in excess of INR
0.200 Million |
1529635 |
53.60 |
|
|
ADITI MALVIYA . |
30000 |
1.05 |
|
|
ASHISH AGARWAL |
30000 |
1.05 |
|
|
MANISH AGARWAL |
30000 |
1.05 |
|
|
MINI SINGH |
30000 |
1.05 |
|
|
AMIT KUMAR AGARWAL HUF |
30000 |
1.05 |
|
|
ALKA BAJPAI |
30900 |
1.08 |
|
|
JEETENDRA SINGH |
34650 |
1.21 |
|
|
NITIN KUMAR VERMA |
45000 |
1.58 |
|
|
SACHIN KUMAR VERMA |
46000 |
1.61 |
|
|
SURESH PANDYA |
50000 |
1.75 |
|
|
RAJENDRA PRASAD YADAV |
50000 |
1.75 |
|
|
RAKESH KUMAR |
50000 |
1.75 |
|
|
YAMINI TRIVEDI |
56000 |
1.96 |
|
|
MADHU AGARWAL |
60000 |
2.10 |
|
|
NIRAJ JITENDRA KUMAR KAMODIA |
60000 |
2.10 |
|
|
SAURABH VERMA |
60000 |
2.10 |
|
|
TEENA AGARWAL |
60000 |
2.10 |
|
|
ANITA TIBREWALA |
62550 |
2.19 |
|
|
RASHMI TIWARI |
68000 |
2.38 |
|
|
AJAY MEHROTRA |
69000 |
2.42 |
|
|
NAGENDRA SHUKLA . |
70000 |
2.45 |
|
|
ATUL KUMAR TRIVEDI |
73600 |
2.58 |
|
|
RAM PRAKASH MISHRA |
78760 |
2.76 |
|
|
HEMANT RASIKLAL KAMODIA |
80000 |
2.80 |
|
|
RAMESH VISHWAKARMA |
80000 |
2.80 |
|
|
VINEET KUMAR PANDEY |
80198 |
2.81 |
|
|
AJAY V VERMA |
89977 |
3.15 |
|
|
Any Other (specify) |
409182 |
14.34 |
|
|
Non-Resident Indian (NRI) |
253 |
0.01 |
|
|
Clearing Members |
1108 |
0.04 |
|
|
UNIQUE SPINNER MARKETING PRIVATE LI |
29800 |
1.04 |
|
|
J.U.D.TRADING PRIVATE LIMITED |
140000 |
4.91 |
|
|
NEXTGEN ENTERTAINMENT PRIVATE LIMIT |
140000 |
4.91 |
|
|
Bodies Corporate |
311221 |
10.90 |
|
|
ARVIND SRIVASTAVA |
50000 |
1.75 |
|
|
Gopal Saxena |
46600 |
1.63 |
|
|
Sub Total B3 |
2165340 |
75.87 |
|
|
B=B1+B2+B3 |
2165340 |
75.87 |
|
BUSINESS DETAILS
|
Line of Business : |
Trading
of Agri-Commodities, Mineral and Metals, Paper, Aluminum Foil, Laptops,
Computers, Invertors, Polymers and Coal etc. [Registered Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Customers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
No. of Employees : [As on 31.03.2017] |
15 (Approximately) |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : [As on 31.03.2017] |
· Bank of India ·
Allahabad Bank · Oriental Bank of Commerce · Bank of Baroda · State Bank of India · Indian Overseas Bank · ICICI Bank Limited |
||||||||||||||
|
|
|
||||||||||||||
|
Facilities : |
-- |
|
|
|
|
Auditors : [As on 31.03.2017] |
|
|
Name : |
Shankarlal Jain and Associates LLP Chartered Accountants |
|
Address : |
12, Engineer Building, 265 Princess Street, Mumbai – 400002, Maharashtra, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprise over which Key Management
Personnel, Substantial Shareholders or Their relatives exercise significant
influence : [As on
31.03.2017] |
· Frost International Limited · Frost Infrastructure and Energy Limited · Bhartia Commercial Co. · Globiz Exim Private Limited · Frost Global Pte. Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR 28.540 Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
|
200 |
11% Redeemable Cum. Preference Shares |
INR 100/- each |
INR 0.020 Million |
|
|
Total |
|
INR 40.020
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2854000 |
Equity Shares |
INR 10/- each |
INR 28.540 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
28.540 |
28.540 |
28.540 |
|
(b) Reserves & Surplus |
356.764 |
337.682 |
280.521 |
|
(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) |
385.304 |
366.222 |
309.061 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
1.017 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
1.112 |
1.077 |
|
Total
Non-current Liabilities (3) |
1.017 |
1.112 |
1.077 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
411.299 |
0.000 |
6.043 |
|
(b)
Trade payables |
6329.115 |
7860.613 |
10122.321 |
|
(c)
Other current liabilities |
822.926 |
906.994 |
1992.505 |
|
(d)
Short-term provisions |
0.067 |
0.044 |
0.006 |
|
Total
Current Liabilities (4) |
7563.407 |
8767.651 |
12120.875 |
|
|
|
|
|
|
TOTAL |
7949.728 |
9134.985 |
12431.013 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
3.295 |
4.603 |
7.125 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
41.000 |
41.000 |
41.000 |
|
(c) Deferred tax assets
(net) |
1.330 |
2.014 |
1.240 |
|
(d) Long-term Loan and
Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
45.625 |
47.617 |
49.365 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
2.448 |
3.213 |
|
(c)
Trade receivables |
3512.203 |
2775.130 |
2065.348 |
|
(d)
Cash and cash equivalents |
3733.618 |
5350.843 |
9139.957 |
|
(e)
Short-term loans and advances |
600.071 |
886.527 |
1020.636 |
|
(f)
Other current assets |
58.211 |
72.420 |
152.494 |
|
Total
Current Assets |
7904.103 |
9087.368 |
12381.648 |
|
|
|
|
|
|
TOTAL |
7949.728 |
9134.985 |
12431.013 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
12336.974 |
12110.768 |
19764.045 |
|
|
|
Other Income |
12.303 |
125.534 |
56.607 |
|
|
|
TOTAL |
12349.277 |
12236.302 |
19820.652 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
5.262 |
|
|
|
Purchases of Stock-in-Trade |
11903.265 |
12075.313 |
19516.423 |
|
|
|
Changes in inventories of Stock-in-Trade |
2.447 |
0.765 |
0.933 |
|
|
|
Employees benefits expense |
7.447 |
8.004 |
8.741 |
|
|
|
Administrative and Other expenses |
328.456 |
24.752 |
49.179 |
|
|
|
Extraordinary Items |
0.000 |
0.000 |
0.008 |
|
|
|
TOTAL |
12241.615 |
12108.834 |
19580.546 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
107.662 |
127.468 |
240.106 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
78.228 |
34.929 |
106.831 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
29.434 |
92.539 |
133.275 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.501 |
2.203 |
3.362 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
27.933 |
90.336 |
129.913 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.924 |
33.175 |
44.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
19.009 |
57.161 |
85.908 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export realization and advances received against sales |
NA |
9994.388 |
16133.874 |
|
|
TOTAL EARNINGS |
NA |
9994.388 |
16133.874 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
6.66 |
20.03 |
30.10 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from Operating Activities |
NA |
(3818.870) |
1791.585 |
|
|
|
|
|
|
Net Cash generated from Operating Activities |
NA |
(3800.482) |
1747.013 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
103.91 |
83.64 |
38.14 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.51 |
4.36 |
9.57 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
194.08 |
237.60 |
189.26 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
52.07 |
74.73 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
32.67 |
27.69 |
33.70 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.95 |
0.96 |
0.98 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.07 |
0.00 |
0.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
19.63 |
23.94 |
39.22 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.01 |
0.01 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.38 |
3.65 |
2.25 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.15 |
0.47 |
0.43 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.24 |
0.63 |
0.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.93 |
15.61 |
27.80 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.05 |
1.04 |
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.05 |
1.04 |
1.02 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.05 |
0.04 |
0.02 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
14.41 |
0.00 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.05 |
1.04 |
1.02 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10.00/- |
|
|
|
|
Market Value |
INR 116.10/- |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
28.540 |
28.540 |
28.540 |
|
Reserves & Surplus |
280.521 |
337.682 |
356.764 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
309.061 |
366.222 |
385.304 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
6.043 |
0.000 |
411.299 |
|
Total
borrowings |
6.043 |
0.000 |
411.299 |
|
Debt/Equity
ratio |
0.020 |
0.000 |
1.067 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
19764.045 |
12110.768 |
12336.974 |
|
|
|
(38.723) |
1.868 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
19764.045 |
12110.768 |
12336.974 |
|
Profit |
85.908 |
57.161 |
19.009 |
|
|
0.43% |
0.47% |
0.15% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G17929324 |
100056670 |
Indian Overseas Bank |
06/10/2016 |
- |
- |
2350000000.0 |
GARG NARONHA COMPLEX17/9THE MALLKANPURUP208001IN |
|
2 |
B93580132 |
10415817 |
Oriental Bank Of Commerce |
13/03/2013 |
24/12/2013 |
- |
2500000000.0 |
Large corporate branchE-Block, Harsha Bhawan, Connaught placeNew DelhiDL110001IN |
|
3 |
Y10345449 |
90237812 |
THE UNITED WESTERN BANK LTD |
06/05/1980 |
- |
- |
2000000.0 |
HEAD OFFICE 172/4; RAVIWAR PETHJALGAONMHIN |
COMPANY OVERVIEW: [As on
31.03.2017]
The Company is a BSE
listed, public limited company incorporated and domiciled in India and has its
registered office at Mumbai, Maharashtra, India.
The company is engaged in
trading of Agri-Commodities, Mineral and Metals, Paper, Aluminum Foil, Laptops,
Computers, Invertors, Polymers and Coal etc.
FIXED ASSETS: [As on 31.03.2017]
Tangible Assets
· Computer
· Office Equipment
· Furniture and Fixtures
· Vehicle
· Two Wheelers
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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 |
|
UK Pound |
1 |
INR 89.60 |
|
Euro |
1 |
INR 78.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHI |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
IND |
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 |
YES |
|
--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.