|
|
|
MIRA INFORM REPORT
|
Report No. : |
516297 |
|
Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
EUROLIFE HEALTHCARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
901-B, Tower 2, Indiabulls Finance Centre, Senapati Bapat Marg,
Elphistone Road (West), Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-42374200 / 42374201 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
09.04.1987 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1987PTC043106 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 303.641 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB6132F |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACB6132F1Z2 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Pharma Items (Drugs and Medicines). (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 3600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1987 and it is a manufacturer of
pharmaceutical formulations. As per financials of March 2017, the company has registered marginal decline
in its revenue and has reported losses. Rating takes into consideration the company’s established track record
of business operations marked by sound net worth base along with strong debt
coverage indicators and decent liquidity position. Rating also takes into account the extensive industry experience of
the promoters and established market position in the pharmaceuticals
industry. However, rating strength is partially offset by large working capital
requirement and exposure to intense competition in the pharmaceutical
formulations 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 |
CRISIL |
|
Rating |
Long Term Rating (BBB-) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
10.05.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating (A3) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
10.05.2017 |
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 23.06.2018
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. Sandeep Toshiwal |
|
Designation : |
Manager |
|
Contact No.: |
91-9819991684 |
|
Date : |
23.06.2018 |
LOCATIONS
|
Registered / Corporate Office : |
901-B, Tower 2, Indiabulls Finance Centre, Senapati Bapat Marg, Elphistone Road (West), Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-42374200 / 42374201 |
|
Mobile No.: |
91-9819991684 (Mr. Sandeep Toshiwal) |
|
Fax No.: |
91-22-49211099 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factories: |
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mahendrakumar Omprakash Singhi |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1603/4, Shivalaya Tower, Thakur Complex, Kandivali (East),
Mumbai-400101, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
31.12.1966 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
30.05.2006 |
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|
Qualification : |
B.Com and L.L.B. |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
APRPS2134K |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No: |
00369418 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Shyamsunder Bhorilal Toshniwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
83, Goolrukh, 10th Floor, Worli Sea Face, Worli, Mumbai-400025,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.05.1940 |
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|
Date of Appointment : |
12.09.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.E. Electronic |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No: |
01223515 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Sandeep Toshniwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Goolrukh, 10th Floor, 83, Worli Seaface, Mumbai-400025, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.04.1974 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.05.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
M.B.A |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACDPT5451D |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No: |
01720028 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Sunny Sharma |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B 501, Rishi Apartments, Alaknanda, New Delhi-110019, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
31.08.1974 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.07.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
M.B.A. and M.B.B.S |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No: |
02267273 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Pravin Namdeo Tawle |
|
Designation : |
Cfo(Kmp) |
|
Address : |
Gorai Prachi Chs, Plot No. 112, Flat No. 23, Near Nalanda Collage,
Gorai-2, Borivali, Mumbai-400091, Maharashtra, India |
|
Date of Appointment : |
01.03.2018 |
|
PAN No.: |
AADPT4559J |
|
|
|
|
Name : |
Sagar Kantilal Lambole |
|
Designation : |
Company Secretary |
|
Address : |
B-188, Akshata Society, Near Water Tank, Opposite Anand Karelibaug,
Vadodara-390018, Gujarat, India |
|
Date of Birth/Age : |
09.10.1986 |
|
Date of Appointment : |
18.07.2016 |
|
Qualification : |
CS and B.COM |
|
PAN No.: |
ADLPL1576C |
|
|
|
|
Name : |
Mr. Sandeep Toshiwal |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Shyamsunder Toshniwal |
|
2400000 |
|
Madhubala Toshniwal |
|
2291000 |
|
Madhusha Projects Private Limited, India |
|
476000 |
|
Shyamsunder Toshniwal |
|
650000 |
|
Sandeep Toshniwal |
|
40000 |
|
OrbiMed Asia II Mauritius FDI Investments Limited, India |
|
100 |
|
Total |
|
5857100 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
OrbiMed Asia II Mauritius FDI Investments Limited, India |
|
2450701 |
|
Total |
|
2450701 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
91.87 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
8.13 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Pharma Items (Drugs and Medicines). (Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
SGCO and Company Chartered Accountants |
|
Address : |
4/A, Kaledonia Hdil, 2nd Floor, Sahar Road, Near Andheri Station, Andheri (East), Mumbai-400069, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFS7106D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises having same
Key Management Personnel and / or their Relatives |
|
|
|
|
|
United
International is Proprietor of Shri Shyamsunder: |
|
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
2500000 |
Redeemable Cumulative Preferences Shares |
INR 100/- each |
INR 250.000 Million |
|
|
Total |
|
INR 350.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5857100 |
Equity Shares |
INR 10/- each |
INR 58.571 Million |
|
2450701 |
Redeemable Cumulative Preferences Shares |
INR 100/- each |
INR 245.070 Million |
|
|
Total |
|
INR 303.641
Million |
FINANCIAL DATA
[all figures are in
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 |
303.641 |
58.570 |
50.000 |
|
(b) Reserves and Surplus |
956.484 |
264.473 |
223.248 |
|
(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) |
1260.125 |
323.043 |
273.248 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
240.692 |
326.111 |
326.661 |
|
(b) Deferred tax liabilities (Net) |
25.292 |
19.135 |
20.277 |
|
(c) Other long-term
liabilities |
11.719 |
16.875 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
277.703 |
362.121 |
346.938 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
199.302 |
190.920 |
205.466 |
|
(b) Trade
payables |
253.103 |
227.194 |
260.146 |
|
(c) Other
current liabilities |
190.603 |
116.246 |
89.016 |
|
(d) Short-term
provisions |
0.000 |
0.004 |
2.373 |
|
Total Current
Liabilities (4) |
643.008 |
534.364 |
557.001 |
|
|
|
|
|
|
TOTAL |
2180.836 |
1219.528 |
1177.187 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1366.364 |
563.942 |
421.704 |
|
(ii)
Intangible Assets |
0.567 |
0.576 |
0.747 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.365 |
68.184 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.550 |
2.550 |
0.050 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
158.040 |
114.074 |
127.498 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1527.521 |
681.507 |
618.183 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
324.761 |
233.494 |
190.629 |
|
(c) Trade
receivables |
249.375 |
219.024 |
259.820 |
|
(d) Cash and
bank balances |
51.937 |
63.944 |
77.570 |
|
(e)
Short-term loans and advances |
27.242 |
21.559 |
30.985 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
653.315 |
538.021 |
559.004 |
|
|
|
|
|
|
TOTAL |
2180.836 |
1219.528 |
1177.187 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
928.123 |
1027.791 |
940.091 |
|
|
Other Income |
38.995 |
4.657 |
3.883 |
|
|
TOTAL |
967.118 |
1032.448 |
943.974 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
386.740 |
391.474 |
410.600 |
|
|
Purchases of
Stock-in-Trade |
69.195 |
71.037 |
168.843 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.034 |
29.840 |
(13.855) |
|
|
Employee benefit expense |
81.848 |
75.662 |
56.204 |
|
|
Other expenses |
323.832 |
298.208 |
183.524 |
|
|
Extraordinary items before tax |
4.681 |
(0.388) |
1.130 |
|
|
TOTAL |
867.330 |
865.833 |
806.446 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
99.788 |
166.615 |
137.528 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
43.335 |
41.117 |
34.968 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
56.453 |
125.498 |
102.560 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
103.195 |
94.316 |
76.444 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(46.742) |
31.182 |
26.116 |
|
|
|
|
|
|
|
Less |
TAX |
5.785 |
11.382 |
(0.482) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(52.527) |
19.800 |
26.598 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(8.97) |
3.38 |
5.32 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
87.604 |
76.057 |
49.094 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
65.939 |
177.765 |
114.674 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
56.816 |
165.628 |
97.674 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
98.07 |
77.78 |
100.88 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
3.72 |
4.69 |
3.62 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors / Purchases
* 365] |
|
202.62 |
179.29 |
163.87 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.31 |
0.71 |
0.72 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.07 |
0.29 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.45 |
0.77 |
0.79 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.42 |
1.84 |
2.13 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.51 |
1.65 |
2.04 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.08 |
1.75 |
1.80 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
2.30 |
4.05 |
3.93 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
(5.66) |
1.93 |
2.83 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
(2.41) |
1.62 |
2.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
(4.17) |
6.13 |
9.73 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.02 |
1.01 |
1.00 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.51 |
0.57 |
0.66 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.58 |
0.26 |
0.23 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
1.74 |
10.13 |
11.62 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.02 |
1.01 |
1.00 |
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 |
50.000 |
58.570 |
303.641 |
|
Reserves & Surplus |
223.248 |
264.473 |
956.484 |
|
Net
worth |
273.248 |
323.043 |
1260.125 |
|
|
|
|
|
|
Long-term borrowings |
326.661 |
326.111 |
240.692 |
|
Short term borrowings |
205.466 |
190.920 |
199.302 |
|
Current maturities of
long-term debts |
49.094 |
76.057 |
87.604 |
|
Total
borrowings |
581.221 |
593.088 |
527.598 |
|
Debt/Equity
ratio |
2.127 |
1.836 |
0.419 |
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 |
940.091 |
1027.791 |
928.123 |
|
|
|
9.329 |
(9.697) |
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 |
940.091 |
1027.791 |
928.123 |
|
Profit/ (Loss) |
26.598 |
19.800 |
(52.527) |
|
|
2.83
% |
1.93
% |
(5.66
%) |
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 |
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) |
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 |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS:
The Company fetched losses in the financial year 2016-17 due to increase in finance cost from INR 41.117 million to INR 43.335 million and also due to increase in Depreciation from INR 94.316 million to INR 103.195 million. and further, the Company has written off Bad Debts to INR 0.559 million.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
1.196 |
2.319 |
|
Loans and advances from directors |
4.313 |
14.600 |
|
Total |
5.509 |
16.919 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G68237767 |
100113922 |
HDFC BANK LIMITED |
12/06/2017 |
01/11/2017 |
- |
490000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G80044928 |
10606781 |
Axis Bank Limited |
17/11/2015 |
23/02/2018 |
- |
325000000.0 |
SME CENTRE, MUMBAI-1 ,12-MITTAL TOWER, FIRST FLOORA WING, NARIMAN POINT,MUMBAIMH400021IN |
|
3 |
C46420097 |
10554547 |
Export-Import Bank of India |
16/01/2015 |
18/02/2015 |
- |
110000000.0 |
Floor 21, Centre One Building, World Trade CentreCuffe ParadeMumbaiMH400005IN |
|
4 |
C52484482 |
10480605 |
ICICI BANK LIMITED |
17/01/2014 |
18/02/2015 |
- |
60000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
5 |
B97452940 |
10480610 |
ICICI BANK LIMITED |
17/01/2014 |
- |
- |
150000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
6 |
C03809720 |
10313919 |
ICICI BANK LIMITED |
07/10/2011 |
16/04/2014 |
- |
397000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
7 |
C03809498 |
10309524 |
ICICI BANK LIMITED |
11/08/2011 |
17/04/2014 |
- |
397000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
8 |
C72240963 |
10286263 |
ICICI BANK LIMITED |
09/05/2011 |
18/09/2015 |
- |
172000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
9 |
G04298253 |
10286264 |
ICICI BANK LIMITED |
09/05/2011 |
02/05/2016 |
- |
75000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGu390015IN |
|
10 |
G70622493 |
100123346 |
Axis Bank Limited |
11/09/2017 |
- |
16/12/2017 |
15000000.0 |
SME CENTRE, MUMBAI-1 ,12-MITTAL TOWER, FIRST FLOORA WING, NARIMAN POINT,MUMBAIMH400021IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Office equipment
- Pipes and Fittings
- Lab Equipments
- Motor Vehicles
- Air Conditioners
- Computer
Accessories
- 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 67.77 |
|
|
1 |
INR 89.96 |
|
Euro |
1 |
INR 78.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
MTN |
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.