|
|
|
MIRA INFORM REPORT
|
Report No. : |
516510 |
|
Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRABHAT STEEL TRADERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
535, 5th Floor, Vyapar Bhavan, 49, P. D. Mello Road , Carnac Bunder, Mumbai-400009, Maharashtra |
|
Tel. No.: |
91-22-61089696 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
02.04.2007 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52599MH2007PTC169524 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 9.000 Million |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
0396027857 |
|
|
|
|
TIN No.: |
27520612896 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAECP2391Q1ZS |
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|
|
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PAN No.: [Permanent Account No.] |
AAECP2391Q |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Wholesale Trade of metals and metal ores, Iron and Steel (MS Steel). [Registered activity and also confirmed
by management] |
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|
|
|
No. of Employees
: |
12 [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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 2007. It is having satisfactory track record. It is a wholesale trader of metals and metal ores, iron and steel (MS steel). For the financial year 2017, there has been minimal decreased in its revenue by 0.09% but has managed to maintain average profit margin of 1.77%. The rating takes into consideration the satisfactory financial profile of the company marked by adequate networth base, decent cash position and low debt level. The company has favourable Earning per Share (EPS) of INR 56.66 against a face value (FV) of INR 10. However, these rating strengths are partially offset by exposure to intense competition in the steel trading industry resulting in low profitability margins. Business is active. Payment seems to be slow but correct. In view of the 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 |
CRISIL |
|
Rating |
Long term : BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
17.04.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Non fund based : A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
17.04.2018 |
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. Shrink |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-61089696 |
|
Date : |
21.06.2018 |
LOCATIONS
|
Registered Office : |
535, 5th Floor, Vyapar Bhavan, 49, P. D. Mello Road , Carnac Bunder, Mumbai-400009, Maharashtra, India |
|
Tel. No.: |
91-22-61089696 |
|
Mobile No.: |
91-9821029888 [Mr. Girish Jain Satshchandra] |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
|
|
|
|
|
Warehouse : |
Plot No. 398,
Dismo Complex, Kalamboli, Raigad – 410218, Maharashtra, India |
DIRECTORS
AS ON: 31.03.2018
|
Name : |
Mr. Girish Satishchandra Jain |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
18, Girnar Apartments, 10 Dungershi Road, Malabar Hills, Mumbai –
400006, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
03.02.1962 |
||||||||||||||||||||||||
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Qualification : |
B.com |
||||||||||||||||||||||||
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Date of Appointment : |
02.04.2007 |
||||||||||||||||||||||||
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PAN No.: |
AACPJ4921F |
||||||||||||||||||||||||
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DIN No.: |
01064322 |
||||||||||||||||||||||||
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Other Directorship : List of Companies
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Leena Girish Jain |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
13, Girnar Apartment, 5th Floor, 10 Dongarsi Road, Teenbatti, Mumbai-400006, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
23.10.1964 |
||||||||||||||||||||||||
|
Qualification : |
B.com |
||||||||||||||||||||||||
|
Date of Appointment : |
02.04.2007 |
||||||||||||||||||||||||
|
PAN No.: |
AACPJ6450H |
||||||||||||||||||||||||
|
DIN No.: |
01064373 |
||||||||||||||||||||||||
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Other Directorship : List of LLP
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Sushma Satish Jain |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
18 Girnar Apartments, 10 Dungershi Road, Malabar Hills, Mumbai –
400006, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
28.02.1944 |
||||||||||||||||||||||||
|
Qualification |
Undergraduate |
||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2008 |
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|
DIN No.: |
AACPJ6449G |
||||||||||||||||||||||||
|
DIN No.: |
01644209 |
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Other Directorship : List of Companies
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Karan Girish Jain |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Flt No 18 Girnar Apts 6th Floor 10th, Doongersi Road, Teen Batti Walkeshwar Mumbai-400006, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
01.09.1989 |
||||||||||||||||||||||||
|
Qualification : |
MSC |
||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2008 |
||||||||||||||||||||||||
|
PAN No.: |
AINPJ0208L |
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DIN No.: |
01644258 |
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Other Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Kunal Girish Jain |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Flt No 18, Girnar Apts , 6th Floor 10th, Doongersi Road , Teen Batti, Mumbai-400006, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2008 |
||||||||||||||||||||||||
|
DIN No.: |
01999028 |
||||||||||||||||||||||||
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Other Directorship : List of Companies
|
|||||||||||||||||||||||||
KEY EXECUTIVE
|
Name : |
Mr. Shrink |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
|
Girish Jain |
|
125000 |
|
Girish Jain (HUF), represented by Karta Girish Jain |
|
25000 |
|
Satishchandra Jain (HUF), represented by Karta Girish Jain |
|
125000 |
|
Sushma Jain |
|
150000 |
|
Leena Jain |
|
25000 |
|
Karan Jain |
|
25000 |
|
Kunal Jain |
|
25000 |
|
|
|
|
|
Total |
|
500000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Kalpataru Properties Private Limited, India |
|
140000 |
|
Karan Jain |
|
60000 |
|
Kunal Jain |
|
40000 |
|
Leena Jain |
|
50000 |
|
Girish Jain |
|
40000 |
|
Sushma Jain |
|
70000 |
|
|
|
|
|
Total |
|
400000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesale Trade of metals and metal ores, Iron and Steel (MS Steel). [Registered activity and also confirmed
by management] |
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|
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Products / Services
: |
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||||
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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 : |
Not Divulged |
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||||
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Imports : |
|||||
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Products : |
Iron and Steel |
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Countries : |
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||||
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|
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Terms : |
|||||
|
Selling : |
L/C, Cheque and NEFT/RTGS |
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|
||||
|
Purchasing : |
L/C, Cheque and NEFT/RTGS |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||
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Customers : |
Retailers and End Users
|
||||||||||||||||||||||
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|
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No. of Employees : |
12 [Approximately] |
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Bankers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
N.G. Jain and Company Chartered Accountants |
|
Address : |
320, 3rd Floor, Hammer Smith Industrial Premises Co-Op Limited, Narayan Pathare Marg, Off Sitaladevi Temple Road, Mahim [West], Mumbai 400016, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFN6344G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management
personnel and their relatives: |
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
400000 |
Preference Shares |
INR 10/- each |
INR 4.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 14.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000
Million |
|
400000 |
Preference Shares |
INR 10/- each |
INR 4.000
Million |
|
|
|
|
|
|
|
Total |
|
INR 9.000 Million |
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
INR 10/- each |
INR 6.000 Million |
|
400000 |
Preference Shares |
INR 10/- each |
INR 4.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 10.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million
|
|
400000 |
Preference Shares |
INR 10/- each |
INR 4.000
Million |
|
|
|
|
|
|
|
Total |
|
INR 9.000 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 |
9.000 |
9.000 |
9.000 |
|
(b) Reserves and Surplus |
212.595 |
161.601 |
145.209 |
|
(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) |
221.595 |
170.601 |
154.209 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
70.607 |
78.474 |
77.816 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
70.607 |
78.474 |
77.816 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
5.388 |
0.432 |
45.071 |
|
(b) Trade
payables |
983.883 |
814.137 |
707.570 |
|
(c) Other
current liabilities |
14.224 |
4.710 |
8.511 |
|
(d) Short-term
provisions |
1.327 |
0.911 |
0.630 |
|
Total Current
Liabilities (4) |
1004.822 |
820.190 |
761.782 |
|
|
|
|
|
|
TOTAL |
1297.024 |
1069.265 |
993.807 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4.202 |
5.898 |
2.498 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
0.001 |
0.001 |
0.506 |
|
(c) Deferred tax assets (net) |
0.432 |
0.199 |
0.130 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.104 |
0.112 |
0.224 |
|
Total Non-Current
Assets |
4.739 |
6.210 |
3.358 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
556.811 |
277.895 |
209.173 |
|
(c) Trade
receivables |
368.865 |
516.263 |
525.536 |
|
(d) Cash and
bank balances |
306.757 |
186.555 |
197.068 |
|
(e) Short-term
loans and advances |
0.156 |
0.000 |
4.501 |
|
(f) Other
current assets |
59.696 |
82.342 |
54.171 |
|
Total
Current Assets |
1292.285 |
1063.055 |
990.449 |
|
|
|
|
|
|
TOTAL |
1297.024 |
1069.265 |
993.807 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2886.795 |
2889.248 |
2380.608 |
|
|
Other Income |
19.850 |
17.763 |
14.600 |
|
|
TOTAL |
2906.645 |
2907.011 |
2395.208 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
2750.571 |
2354.988 |
1770.084 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(278.915) |
(68.722) |
169.723 |
|
|
Employee benefit expense |
97.131 |
16.397 |
16.089 |
|
|
Other expenses |
249.864 |
574.661 |
414.324 |
|
|
Prior period items |
0.016 |
0.016 |
0.016 |
|
|
TOTAL |
2818.667 |
2877.340 |
2370.236 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
87.978 |
29.671 |
24.972 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
10.915 |
3.880 |
6.567 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
77.063 |
25.791 |
18.405 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.690 |
1.163 |
0.909 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
75.373 |
24.628 |
17.496 |
|
|
|
|
|
|
|
Less |
TAX |
24.379 |
8.211 |
5.088 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
50.994 |
16.417 |
12.408 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
27.170 |
63.908 |
1048.569 |
|
|
TOTAL IMPORTS |
27.170 |
63.908 |
1048.569 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
56.66 |
18.24 |
12.41 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
2600.000 (Due to GST
Sales decreased) |
Expected Sales (2018-2019): INR 2600.000 Million
The above information has been parted by Mr. Shrinik (Accounts
Department)
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 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
183.495 |
57.876 |
(18.031) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
147.486 |
45.762 |
(29.165) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
46.64 |
65.22 |
80.58 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.83 |
5.60 |
4.53 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
130.56 |
126.18 |
145.90 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.16 |
0.11 |
0.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
20.94 |
5.03 |
10.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.83 |
0.84 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.34 |
0.46 |
0.80 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.53 |
4.81 |
4.94 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.02 |
0.03 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
8.06 |
7.65 |
3.80 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.77 |
0.57 |
0.52 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.93 |
1.54 |
1.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
23.01 |
9.62 |
8.05 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.29 |
1.30 |
1.30 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.73 |
0.96 |
1.03 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.17 |
0.16 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
8.44 |
8.77 |
13.65 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.29 |
1.30 |
1.30 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
9.000 |
9.000 |
9.000 |
|
Reserves & Surplus |
145.209 |
161.601 |
212.595 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
154.209 |
170.601 |
221.595 |
|
|
|
|
|
|
Long-term borrowings |
77.816 |
78.474 |
70.607 |
|
Short term borrowings |
45.071 |
0.432 |
5.388 |
|
Total
borrowings |
122.887 |
78.906 |
75.995 |
|
Debt/Equity
ratio |
0.797 |
0.463 |
0.343 |
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 |
2380.608 |
2889.248 |
2886.795 |
|
|
|
21.366 |
(0.085) |
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 |
2380.608 |
2889.248 |
2886.795 |
|
Profit/ (Loss) |
12.408 |
16.417 |
50.994 |
|
|
0.52
% |
0.57
% |
1.77
% |
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) |
Yes |
|
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 |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
No |
|
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 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from Plot No.61A, 1st
Lane, Darukhana, Reay Road, Mumbai-400010, Maharashtra, India to the present
address w.e.f. 26.05.2015
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from directors |
70.607 |
78.474 |
|
SHORT TERM
BORROWING |
|
|
|
Loans taken for vehicles |
1.603 |
2.351 |
|
Total |
72.210 |
80.825 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
C53150124 |
10568401 |
UNION BANK OF
INDIA |
11/05/2015 |
- |
50000000.0 |
OVERSEAS BRANCH,UNION
BANK BHAVAN,GROUND FLOOR,239,VIDHAN BHAVAN MARG,NARIMAN POINTMUMBAIMH400021IN |
|
2 |
B07638000 |
10273340 |
PUNJAB NATIONAL
BANK |
14/02/2011 |
- |
300000000.0 |
FORSHORE ROAD
BRANCH, RAHEJA CHAMBERSNARIMAN POINTMUMBAIMH400021IN |
|
3 |
C43174010 |
10087870 |
UNION BANK OF
INDIA |
20/11/2007 |
19/01/2015 |
650000000.0 |
OVERSEAS
BRANCH,UNION BANK BHAVAN,GROUND FLOOR239,VIDHAN BHAVAN MARG, NARIMAN
POINT,MUMBAIMH400021IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 68.20 |
|
|
1 |
INR 89.58 |
|
Euro |
1 |
INR 78.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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.