|
|
|
MIRA INFORM REPORT
|
Report No. : |
515963 |
|
Report Date : |
25.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRANSPEK INDUSTRY LIMITED |
|
|
|
|
Registered
Office : |
6th Floor, Marble Arch, Race Course, Baroda– 390007, Gujarat |
|
Tel. No.: |
91-265-2335444-47/ 23354141/ 2335757 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 |
|
|
|
|
Date of
Incorporation : |
06.10.1965 |
|
|
|
|
CIN No.: [Company Identification
No.] |
L23205GJ1965PLC001343 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 55.900 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0888001843 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT8639B |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
24190101800 |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturing and Export of a range of chemicals servicing the requirements of customers from a diverse range of industries - Textiles, Pharmaceuticals, Agrochemicals, advanced Polymers, etc. [Registered Activity] |
|
|
|
|
No. of Employees
: |
566 [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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company incorporated in the year 1965 and it is having good track records. For the financial year 2018, the company has increased its revenue from operations as compared to previous year and maintained decent profit margin of 7.15%. The rating takes into consideration sound financial risk profile of the company marked by healthy networth base and low debt balance sheet. Further, rating also derives strength from its established track records of business operations and improvement in the revenue profile during the year. Share price are quoted high on stock exchange (Share Price of INR 1282 with face Value of INR 10). However, rating strength is partially offset by working capital-intensive operations and exposure to risks inherent in the chemical industry. Trade relations are reported as fair. Payments are seems to be regular. In view of established market position, the company can be considered good for normal 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
27.10.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
27.10.2017 |
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 25.06.2018
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
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-265-2335444]
LOCATIONS
|
Registered Office/ Corporate Headquarters : |
6th Floor, Marble Arch, Race Course, Baroda– 390007, Gujarat, India |
|
Tel. No.: |
91-265-2335444-47/ 23354141/ 2335757 |
|
Fax No.: |
91-265-2335758 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Village Ekalbara, Tal. Padra, District Vadodara – 391440, Gujarat, India |
|
Tel. No.: |
91-2662-244444/ 244318/ 244309 |
|
Fax No.: |
91-2662-223439 |
DIRECTORS
AS ON: 31.03.2018
|
Name : |
Mr. Atul Govindji Shroff |
|
Designation : |
Managing Director |
|
Address : |
House No 1028 Village and Post - Raipura Vadodara –
391410, Gujarat, India |
|
Date of Birth/Age : |
68
Years |
|
Qualification : |
S.S.C. |
|
Experience : |
48
Years |
|
Date of Appointment : |
01.12.1981 |
|
DIN No.: |
00019645 |
|
|
|
|
Name : |
Mr. Ashwin Champraj Shroff |
|
Designation : |
Director |
|
Address : |
B-15, Vasanta Theosophical Society Juhu Road, Juhu, Mumbai
- 400049, Maharashtra, India |
|
Date of Birth/Age : |
22.01.1945 |
|
Qualification : |
Science
Graduate / B.Sc |
|
Expertise in Specific
Functional Areas : |
Industrialist
with vast experience in Chemicals and Agrochemicals Industry / Business |
|
Date of Appointment : |
02.05.1980 |
|
DIN No.: |
00019952 |
|
|
|
|
Name : |
Mr. Ninad Dwarkanath Gupte |
|
Designation : |
Director |
|
Address : |
301, Dudhwala Towers, Shreyas Colony, Goregoan (East) Mumbai
– 400063, Maharashtra, India |
|
Date of Appointment : |
07.06.2008 |
|
DIN No.: |
00027523 |
|
|
|
|
Name : |
Mr. Dipesh Kantisen Shroff |
|
Designation : |
Director |
|
Address : |
Sanket, 39, Hatkesh Society, 6th N S Road, Juhu, Vile Parle
(West), Mumbai - 400056, Maharashtra, India |
|
Date of Appointment : |
27.03.2001 |
|
DIN No.: |
00030792 |
|
|
|
|
Name : |
Mr. Ravi Ashwin Shroff |
|
Designation : |
Director |
|
Address : |
B-15, Theosophical Society, Juhu Tara Road, Juhu, Mumbai -
400049, Maharashtra, India |
|
Date of Appointment : |
29.03.2008 |
|
DIN No.: |
00033505 |
|
|
|
|
Name : |
Mr. Nimishbhai Upendrabhai Patel |
|
Designation : |
Director |
|
Address : |
"krishnarpan", Samir Estate, Gotri-Sevasi Road, At
and Po. Sevasi, Vadodara - 391101,
Gujarat, India |
|
Date of Appointment : |
30.01.2010 |
|
DIN No.: |
00039549 |
|
|
|
|
Name : |
Mrs. Geeta Amit Goradia |
|
Designation : |
Director |
|
Address : |
12 Kesarbaug Vasna Road,
Vadodara - 390015, Gujarat, India |
|
Date of Appointment : |
30.05.2014 |
|
DIN No.: |
00074343 |
|
|
|
|
Name : |
Mr. Bimal Vasantlal Mehta |
|
Designation : |
Director |
|
Address : |
27, Pushpak Bunglows Near Taksh, Complex, Vasna Road, Vadodara
– 390015, Gujarat, India |
|
Date of Birth/Age : |
27.09.1964 |
|
Qualification : |
B. Com; Chartered Accountant |
|
Experience : |
29 Years |
|
Expertise in Specific
Functional Areas : |
·
Business
Strategy and Growth Models including Mergers and Acquisitions. ·
Management
of Manufacturing Organizations. ·
Project
and Programme Management. ·
International
Business Management, Marketing and Negotiation. ·
Team
Management and Development ·
Six
Sigma Deployment and Lean Manufacturing. ·
Financial
Planning and Restructuring. ·
Information
Technology specializing in Cyber Crime Prevention and Detection and IT
Security Systems. |
|
Date of Appointment : |
09.04.2010 |
|
DIN No.: |
00081171 |
|
|
|
|
Name : |
Bernd Dill |
|
Designation : |
Director |
|
Address : |
415056827 Hanau Salisweg 45 B Hanau 63454 DE |
|
Date of Appointment : |
22.06.2007 |
|
DIN No.: |
01300832 |
|
|
|
|
Name : |
Mr. Hemantkumar Jayantiprasad Bhatt |
|
Designation : |
Director |
|
Address : |
5, Indrapuri Society, B/H Uday Clinic Waghodia Road,
Vadodara- 390019, Gujarat, India |
|
Date of Appointment : |
11.07.2014 |
|
DIN No.: |
02657432 |
KEY EXECUTIVES
|
Name : |
Mr. Alak Deepak Vyas |
|
Designation : |
Company Secretary |
|
Address : |
4-Vrajvihar Society Near Panchvati Society, Behind
Vallabhacha Rya Garden Vadodara – 390011, Gujarat, India |
|
Date of Appointment : |
01.06.2015 |
|
PAN No.: |
AKJPV2153N |
|
|
|
|
Name : |
Mr. Pratik Prakash Shah |
|
Designation : |
Chief Finance Officer |
|
Address : |
E-24/25, Suryodaya Park Society, Near Amin Party Plot, Gotri, Vadodara – 390023, Gujarat, India |
|
Date of Appointment : |
01.06.2017 |
|
PAN No.: |
AYTPS8015N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2018
|
Category of shareholder |
No. of fully paid
up equity shares held |
Shareholding as a %
of total no. of shares |
|
(A) Promoter & Promoter Group |
3300508 |
59.09 |
|
(B) Public |
2285061 |
40.91 |
|
|
|
|
|
Total |
5585569 |
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 |
|
|
|
|
Individuals/Hindu
undivided Family |
923894 |
16.54 |
|
|
SHRUTI ATUL SHROFF |
305725 |
5.47 |
|
|
ASHWIN CHAMPRAJ
SHROFF |
163919 |
2.93 |
|
|
VISHWA ATUL SHROFF |
78386 |
1.40 |
|
|
KANTISEN
CHATURBHUJ SHROFF |
40690 |
0.73 |
|
|
CHETNA PRAFUL
SARAIYA |
38966 |
0.70 |
|
|
ATUL GOVINDJI
SHROFF |
38117 |
0.68 |
|
|
DIPESH KANTISEN
SHROFF |
37662 |
0.67 |
|
|
SHALIL SHASHIKUMAR
SHROFF |
30867 |
0.55 |
|
|
CHINMAYI DIPESH
SHROFF |
28678 |
0.51 |
|
|
SHAILA SHASHIKUMAR
SHROFF |
22800 |
0.41 |
|
|
AMI KANTISEN
SHROFF |
22400 |
0.40 |
|
|
KRISHNI DIPESH
SHROFF |
22400 |
0.40 |
|
|
PREETI DIPESH
SHROFF |
22397 |
0.40 |
|
|
ANSHUL AMRISH
BHATIA |
21659 |
0.39 |
|
|
HRISHIT ASHWIN SHROFF |
7086 |
0.13 |
|
|
RAVI ASHWIN SHROFF |
7086 |
0.13 |
|
|
CHAITANYA DIPESH
SHROFF |
6746 |
0.12 |
|
|
HIRAL TUSHAR DAYAL |
6600 |
0.12 |
|
|
KANTISEN
CHATURBHUJ SHROFF - HUF |
6050 |
0.11 |
|
|
USHA ASHWIN SHROFF |
5532 |
0.10 |
|
|
TUSHAR CHARNDAS
DAYAL |
5005 |
0.09 |
|
|
KIRIT VIDYASAGAR
DAVE |
4035 |
0.07 |
|
|
PRAFUL MANILAL
SARAIYA |
1088 |
0.02 |
|
|
Any Other
(specify) |
2364904 |
42.34 |
|
|
ANSHUL SPECIALTY
MOLECULES PRIVATE LIMITED |
1376440 |
24.64 |
|
|
KAMALJYOT
INVESTMENTS LIMITED |
702703 |
12.58 |
|
|
MADISON INVESTMENTS
PRIVATE LIMITED |
73193 |
1.31 |
|
|
SHRODIP
INVESTMENTS PRIVATE LIMITED |
72000 |
1.29 |
|
|
UPL LIMITED |
41150 |
0.74 |
|
|
HYDERABAD CHEMICAL
PRODUCTS PRIVATE LIMITED |
40150 |
0.72 |
|
|
DIPKANTI
INVESTMENTS AND FINANCING PRIVATE LIMITED |
30501 |
0.55 |
|
|
PRITAMI
INVESTMENTS PRIVATE LIMITED |
27004 |
0.48 |
|
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 |
|
|
|
|
Foreign Portfolio
Investors |
109011 |
1.95 |
|
|
HYPNOS FUND
LIMITED |
109000 |
1.95 |
|
|
Financial
Institutions/ Banks |
210124 |
3.76 |
|
|
LIFE INSURANCE
CORPORATION OF INDIA |
208415 |
3.73 |
|
|
Sub Total B1 |
319135 |
5.71 |
|
|
B2) Central
Government/ State Government(s)/ President of India |
0 |
0.00 |
|
|
Central
Government/ State Government(s)/ President of India |
30235 |
0.54 |
|
|
Sub Total B2 |
30235 |
0.54 |
|
|
B3) Non-Institutions |
0 |
0.00 |
|
|
Individual share
capital upto INR 0.200 Million |
1210316 |
21.67 |
|
|
Individual share
capital in excess of INR 0.200 Million |
331028 |
5.93 |
|
|
BHARAT JAYANTILAL
PATEL |
221528 |
3.97 |
|
|
Any Other
(specify) |
394347 |
7.06 |
|
|
Foreign Nationals |
524 |
0.01 |
|
|
Non-Resident
Indian (NRI) |
207305 |
3.71 |
|
|
PATEL SONAL SANJIV |
184129 |
3.30 |
|
|
HUF |
37722 |
0.68 |
|
|
Clearing Members |
6380 |
0.11 |
|
|
Bodies Corporate |
142416 |
2.55 |
|
|
ADESH VENTURES LLP |
61712 |
1.10 |
|
|
Sub Total B3 |
1935691 |
34.66 |
|
|
B=B1+B2+B3 |
2285061 |
40.91 |
|
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Export of a range of chemicals servicing the requirements of customers from a diverse range of industries - Textiles, Pharmaceuticals, Agrochemicals, advanced Polymers, 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] |
566 [Approximately] |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : [As on 31.03.2017] |
·
State
Bank of India ·
Bank
of Baroda · IDBI Bank Limited ·
Axis
Bank Limited MGVCL, Race Course Circle, Vadodara-390007, Gujarat, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : [As on 31.03.2017] |
|
|
Name : |
CNK and Associates LLP Chartered Accountants |
|
|
|
|
Cost Auditors: [As on 31.03.2017] |
|
|
Name : |
Y.S. Thakar and Company Cost Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company: [As on 31.03.2017] |
Transpek Industry (Europe)
Limited |
|
|
|
|
Enterprises owned or significantly influenced by
key management personnel or their relatives: [As on 31.03.2017] |
·
Excel
Industries Limited ·
Excel
Crop Care Limited ·
TML
Industries Limited ·
Shroffs
Engineering Limited ·
Anshul
Specialty Molecules Limited ·
Anshul
Life Science ·
Madison
Investments Private Limited ·
Agrocel
Industries Limited ·
Transchem
Agritech Limited ·
Nectar
Crop Sciences Pvt. Ltd. ·
Kamaljyot
Investments Limited ·
Shroffs
Foundation Trust ·
C.C.
Shroff Research Institute |
CAPITAL STRUCTURE
AS ON: 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR 55.900
Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
INR 10/- each |
INR 75.000 Million |
|
500000 |
Preference Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 125.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5585569 |
Equity Shares |
INR 10/- each |
INR 55.856
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 |
55.900 |
55.856 |
58.720 |
|
(b) Reserves & Surplus |
2413.500 |
1010.669 |
848.726 |
|
(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) |
2469.400 |
1066.525 |
907.446 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
854.400 |
250.023 |
260.004 |
|
(b) Deferred tax liabilities (Net) |
475.300 |
170.467 |
154.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
31.100 |
29.030 |
26.575 |
|
Total
Non-current Liabilities (3) |
1360.800 |
449.520 |
440.579 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
947.000 |
448.723 |
304.417 |
|
(b)
Trade payables |
544.200 |
338.668 |
202.766 |
|
(c)
Other current liabilities |
323.500 |
266.153 |
158.926 |
|
(d)
Short-term provisions |
17.900 |
40.426 |
77.212 |
|
Total
Current Liabilities (4) |
1832.600 |
1093.970 |
743.321 |
|
|
|
|
|
|
TOTAL |
5662.800 |
2610.015 |
2091.346 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1786.100 |
1171.029 |
939.143 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
563.700 |
130.259 |
100.691 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1435.400 |
52.788 |
52.788 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
48.000 |
38.308 |
45.409 |
|
(e)
Other Non-current assets |
59.200 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3892.400 |
1392.384 |
1138.031 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
459.700 |
371.502 |
377.652 |
|
(c)
Trade receivables |
934.400 |
680.562 |
460.453 |
|
(d)
Cash and cash equivalents |
15.700 |
35.038 |
36.251 |
|
(e)
Short-term loans and advances |
8.700 |
127.089 |
73.119 |
|
(f)
Other current assets |
351.900 |
3.440 |
5.840 |
|
Total
Current Assets |
1770.400 |
1217.631 |
953.315 |
|
|
|
|
|
|
TOTAL |
5662.800 |
2610.015 |
2091.346 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
3690.000 |
3166.371 |
2837.014 |
|
|
|
Other Income |
43.300 |
75.079 |
38.745 |
|
|
|
TOTAL |
3733.300 |
3241.450 |
2875.759 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1868.000 |
1390.511 |
1389.082 |
|
|
|
Purchases of Stock-in-Trade |
80.000 |
67.226 |
1.472 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(26.100) |
28.377 |
-147.477 |
|
|
|
Employees benefits expense |
373.700 |
356.054 |
320.533 |
|
|
|
Excise duty |
24.300 |
0.000 |
0.000 |
|
|
|
Other expenses |
846.600 |
803.323 |
805.998 |
|
|
|
TOTAL |
3166.500 |
2645.491 |
2369.608 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
566.800 |
595.959 |
506.151 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
117.400 |
90.634 |
106.388 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
449.400 |
505.325 |
399.763 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
99.200 |
86.114 |
83.026 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
350.200 |
419.211 |
316.737 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
86.200 |
125.135 |
103.959 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
264.000 |
294.076 |
212.778 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. value of Exports |
|
2014.494 |
1771.764 |
|
|
|
Technical Know How |
|
1.297 |
2.715 |
|
|
|
Commission Income |
|
0.099 |
0.000 |
|
|
TOTAL EARNINGS |
NA |
2015.890 |
1774.479 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials |
|
901.578 |
628.600 |
|
|
|
Stores and Spares |
|
2.128 |
2.981 |
|
|
|
Capital Goods |
|
11.384 |
8.104 |
|
|
TOTAL IMPORTS |
|
915.090 |
639.685 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
47.27 |
50.90 |
36.24 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
69.095 |
51.508 |
|
|
|
|
|
|
Cash generated from Operations |
NA |
422.202 |
498.030 |
|
|
|
|
|
|
Net cash from Operating Activities |
NA |
326.569 |
438.804 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
92.43 |
78.45 |
59.24 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.95 |
4.65 |
6.16 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
101.97 |
84.80 |
53.22 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.23 |
1.60 |
1.34 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.24 |
0.46 |
0.49 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.47 |
0.54 |
0.50 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.73 |
0.72 |
0.68 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.74 |
1.03 |
0.82 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.95 |
1.22 |
1.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.83 |
6.58 |
4.76 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.15 |
9.29 |
7.50 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.66 |
11.27 |
10.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.69 |
27.57 |
23.45 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.97 |
1.11 |
1.28 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.72 |
0.77 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.44 |
0.41 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
32.23 |
13.75 |
10.49 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.97 |
1.11 |
1.28 |
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 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
58.720 |
55.856 |
55.900 |
|
Reserves & Surplus |
848.726 |
1010.669 |
2413.500 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
907.446 |
1066.525 |
2469.400 |
|
|
|
|
|
|
long-term borrowings |
260.004 |
250.023 |
854.400 |
|
Short term borrowings |
304.417 |
448.723 |
947.000 |
|
Total
borrowings |
564.421 |
698.746 |
1801.400 |
|
Debt/Equity
ratio |
0.622 |
0.655 |
0.729 |
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 |
2837.014 |
3166.371 |
3690.000 |
|
|
|
11.609 |
16.537 |
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 |
2837.014 |
3166.371 |
3690.000 |
|
Profit |
212.778 |
294.076 |
264.000 |
|
|
7.50% |
9.29% |
7.15% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
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 |
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 |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G51639201 |
100118767 |
AXIS BANK LIMITED |
02/08/2017 |
- |
- |
650000000.0 |
OPP: MGVCLRACE
COURSE CIRCLEVADODARAGJ390007IN |
|
2 |
G87859591 |
80030773 |
STATE BANK OF
INDIA |
24/04/2001 |
07/05/2018 |
- |
1486700000.0 |
INDUSTRIAL FINANCE
BRANCH,3RD AND 4TH FLOOR, MIDTOWN HEIGHTS, JETALPUR ROADVADODARAGJ390007IN |
|
3 |
G87863361 |
80007927 |
BANK OF BARODA |
13/09/1996 |
09/05/2018 |
- |
2136700000.0 |
CORPORATE
FINANCIAL SERVICES BRANCH, 1ST FLOORBOB BUILDING, OPP: PETROL PUMP, R.C.DUTT
ROADVADODARAGJ390007IN |
|
4 |
G29225273 |
10285720 |
BANK OF BARODA |
17/05/2011 |
18/10/2011 |
15/11/2016 |
70000000.0 |
CORPORATE FINANCIAL
SERVICESR C DUTT ROADVADODARAGJ390007IN |
|
5 |
G02911832 |
10537780 |
IDBI BANK LIMITED |
20/12/2014 |
- |
02/05/2016 |
60000000.0 |
SPECIALISED CORP.
BRANCH 1ST FLOOR, GARG PLAZA46-A GAUTAM NAGAR, NR MGVCL BLDG RACE COURSE
ROADVADODARAGJ390007IN |
|
6 |
C67064261 |
10237528 |
IDBI BANK LIMITED |
17/07/2010 |
10/02/2011 |
08/10/2015 |
85000000.0 |
SPECIALIZED
CORPORATE BRANCH, 1ST FLOOR GARG PLAZA46-A, GAUTAM NAGAR, RACE CORSE
ROADVADODARAGJ390007IN |
|
7 |
C64065386 |
10251986 |
AXIS BANK LIMITED |
26/11/2010 |
10/02/2011 |
04/09/2015 |
55000000.0 |
VARDHAMAN
COMPLEXOPP. GEB, RACE COURSEVADODARAGJ390007IN |
|
8 |
C57731424 |
10489222 |
AXIS BANK LIMITED |
29/03/2014 |
31/12/2014 |
25/06/2015 |
100000000.0 |
VARDHAMAN COMPLEX,
OPP: GEB OFFICE,BESIDES PIZZA HUT, RACE COURSEVADODARAGJ390007IN |
|
9 |
C34673293 |
10359665 |
IDBI BANK LIMITED |
08/06/2012 |
08/06/2012 |
19/11/2014 |
120000000.0 |
CORPORATE
FINANCIAL SERVICESR C DUTT ROADVADODARAGJ390007IN |
|
10 |
B94085149 |
10206970 |
AXIS BANK LIMITED |
13/03/2010 |
06/01/2011 |
31/12/2013 |
60000000.0 |
VARDHMAN COMPLEX,
OPP. GEBRACE COURSEVADODARAGJ390007IN |
|
11 |
B89766885 |
10237529 |
IDBI BANK LIMITED |
17/07/2010 |
10/02/2011 |
01/11/2013 |
55000000.0 |
SPECIALIZED CORPORATE
BRANCH, 1ST FLOOR GARG PLAZA46-A, GAUTAM NAGAR, RACE CORSE
ROADVADODARAGJ390007IN |
|
12 |
B77965085 |
80030766 |
STATE BANK OF
INDIA |
03/03/2005 |
03/11/2008 |
03/10/2012 |
100000000.0 |
TRIDENT COMPLEX, 2ND
FLOOR,RACE COURSE (N)VADODARAGJ390005IN |
|
13 |
B77965291 |
10096865 |
STATE BANK OF
INDIA |
31/03/2008 |
06/01/2011 |
03/10/2012 |
100000000.0 |
MARBLE ARCHRACE
COURSE CIRCLEVADODARAGJ390007IN |
|
14 |
B12396032 |
10030228 |
BANK OF BARODA |
23/12/2006 |
06/01/2011 |
04/05/2011 |
120000000.0 |
CORPORATE
FINANCIAL SERVICES BRANCHOPP. ALKAPURI PETROL PUMP, R C DUTT
ROADVADODARAGJ390007IN |
|
15 |
A91132159 |
80007943 |
AXIS BANK LIMITED |
23/02/2006 |
04/10/2007 |
14/07/2010 |
70000000.0 |
TRISHUL 3RD FLOOR
OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGJ380006IN |
|
16 |
A79625869 |
80058043 |
STATE BANK OF
INDIA |
03/03/2005 |
- |
16/02/2010 |
10000000.0 |
COMMERCIAL
BRANCHMANDVIBARODAGJ390017IN |
|
17 |
A79059549 |
80007944 |
STATE BANK OF
INDIA |
03/03/2005 |
04/10/2007 |
16/02/2010 |
30000000.0 |
SPECIALISED
COMMERCIAL BRANCH, 2ND FLOOR,TRIDENT COMPLEX, OPP. GERI, RACE COURSE
CIRCLE,VADODARAGJ390007IN |
|
18 |
A12930913 |
80007925 |
IFCI LIMITED |
17/11/1998 |
25/07/2006 |
23/03/2007 |
42700000.0 |
IFCI TOWER61 NEHRU
PLACENEW DELHIDL110019IN |
|
19 |
A09386293 |
80007924 |
INDUSTRIAL
DEVELOPMENT BANK OF INDIA |
26/03/1998 |
25/07/2006 |
19/01/2007 |
75000000.0 |
IDBI
TOWERCOLABAMUMBAIMH400005IN |
|
20 |
Y10188487 |
90098795 |
UTI BANK LTD. |
18/03/1998 |
- |
16/10/1998 |
53000000.0 |
ARUNDEEP
COMPLEXGROUND FLOOR; RACE COURSE CIRCLEVADODARAGJ390007IN |
|
21 |
Y10188088 |
90098396 |
STATE BANK OF
INDIA |
23/06/1989 |
24/07/1990 |
27/11/1995 |
15000000.0 |
BARODA MAIN BRANCHMANDVIBARODAGJ390002IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2018 (INR
In Million) |
31.03.2017 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits from members |
|
112.908 |
|
Inter Corporate Deposits |
|
11.000 |
|
Deposits from Directors |
|
4.500 |
|
Deposits from Relative of
Director |
|
0.500 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans from banks |
|
100.000 |
|
Acceptances from Bank |
|
3.011 |
|
Deposits from Directors |
|
25.000 |
|
Deposits from members |
|
0.310 |
|
Total |
NA |
257.229 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2018 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Claims against the
company not acknowledged as debts (on account of outstanding law suits) |
|
37.038 |
|
Guarantees given by Banks
to third parties on behalf of the company |
|
18.171 |
|
No provision has been
made for following demands raised by the authorities since the company has
reason to believe that it would get relief at the appellate stage as
the said demand are excessive and erroneous |
|
|
|
Disputed Income tax
Liabilit Against Which amount
already paid ` 51.51
Lakhs (P.Y ` 36.87
Lakhs) |
|
7.101 |
|
Disputed Sales tax
Liability Against Which amount already paid `
6.63 (P.Y `
6.63 Lakhs) |
|
0.663 |
|
Disputed Excise &
Service Tax Liability Against Which amount
already paid ` 24.14
Lakhs (P.Y `8.69
Lakhs) |
|
59.293 |
|
|
|
|
|
Total |
NA |
122.266 |
NATURE OF OPERATIONS [as on
31.03.2017]
The Company is into the manufacturing and export of
a range of chemicals servicing the requirements of customers from a diverse
range of industries - Textiles, Pharmaceuticals, Agrochemicals, advanced
Polymers, etc.
FIXED ASSETS:
·
Land- (Free Hold)
·
Buildings
·
Plant and Equipment
·
Electric Installations
·
Data Processing Machines
·
Furniture and Fixtures
·
Research and Development Equipment
·
Vehicles
·
Office equipment
·
Wind Power Generators
·
Technical Books
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 67.77 |
|
UK Pound |
1 |
INR 89.96 |
|
Euro |
1 |
INR 78.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
ARC |
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.