|
|
|
MIRA INFORM REPORT
|
Report No. : |
516529 |
|
Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
OSWAL LUMBERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No 262, Village Mithirohar, National Highway 8/A, P.O.
Box 181, Tal. Gandhidham, Kachchh – 370201, Gujarat |
|
Tel. No.: |
91-2836-220857 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 [Provisional] |
|
|
|
|
Date of
Incorporation : |
23.05.1988 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35115GJ1988PTC010741 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 82.228 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
2089000104 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO3558Q |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAACO3558Q1Z0 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
·
Wholesale of Wood in the Rough and products of
Primary Processing of Wood. [Registered Activity] ·
Trader and Importer of Fire Wood, Wooden
Moulding, Timber and Timber Products, Teak Wood, etc. ·
Importer of Dried Raw Cashew Nuts. ·
Importer of Non-GMO Soybeans and other Agri
Commodities. ·
Importer of various grade of Polymers. [Confirmed
by management] |
|
|
|
|
No. of Employees
: |
14 (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 : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Champalal Group based in Gujarat. It was incorporated
in the year 1988 and is a trader and importer of fire wood, wooden moulding,
timber and timber products and teak wood etc., dried raw cashew nuts, non-gmo
soybeans and other agri commodities and various grade of polymers. As per financials of March 2017, the subject has a registered a growth
of 32.58% in its revenue as compared to its previous year’s revenue and has
reported minimal profit margin of 0.49%. Rating takes into consideration the subject’s established track record
of business operations marked by sound capital base along with low solvency
indicators and decent liquidity position. Further, customer (Plastene India Limited) gave positive feedback and
they are satisfied with their product quality and delivery behavior along
with supplier (Fortune Exim FZE) gave positive feedback and they are
satisfied with their payment behavior and market goodwill. Banker
(Corporation Bank) also gave positive response about the subject and they are
satisfied with their banking transaction. As per provisional financials of March 2018, the company has achieved
revenue of INR 380.700 Million from its operations and has reported minimal
profit margin of 0.50%. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE RATING |
|
Rating |
Long Term Rating = BB- (Issuer
Non-Cooperative) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
05.04.2018 |
|
Rating Agency Name |
CARE RATING |
|
Rating |
Short Term Rating = A4 (Issuer
Non-Cooperative) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
05.04.2018 |
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 28.06.2018.
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. Bhavesh |
|
Designation : |
Accountant |
|
Contact No.: |
91-9909928189 |
|
Date : |
26.06.2018 |
LOCATIONS
|
Registered Office / Warehouse : |
Survey No 262, Village Mithirohar, National Highway 8/A, P.O.
Box 181, Tal. Gandhidham, Kachchh – 370201, Gujarat, India |
|
Tel. No.: |
91-2836-220857 |
|
Mobile No.: |
91-9909928189 [Mr. Bhavesh] 91-9978555000 [Mr. Deepakkumar Hiralal Parekh] |
|
Fax No.: |
Not Divulged |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Deepakkumar Hiralal Parekh |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
Plot No. 175 Sector - 4 Gandhidham – 370201, Gujarat,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
18.07.1976 |
||||||||||||||||||||
|
Date of Appointment : |
19.08.1997 |
||||||||||||||||||||
|
DIN No.: |
00199603 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Champalal Gakchandji Parekh |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
Plot No. 131 Sector - 4 Gandhidham – 370201, Gujarat,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
30.09.1957 |
||||||||||||||||||||
|
Date of Appointment : |
05.01.2008 |
||||||||||||||||||||
|
DIN No.: |
00199884 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Ashokkumar Champalal Parekh |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
Plot No. 178 Sector-4 Gamdhidham – 370201, Gujarat, India |
||||||||||||||||||||
|
Date of Birth/Age : |
06.01.1959 |
||||||||||||||||||||
|
Date of Appointment : |
19.08.1989 |
||||||||||||||||||||
|
DIN No.: |
00200231 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Shantilal Champalal Parekh |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
Plot No. 183 Sector - 4 Gandhidham – 370201, Gujarat,
India |
||||||||||||||||||||
|
Date of Appointment : |
23.05.1998 |
||||||||||||||||||||
|
DIN No.: |
00200303 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Omprakash Lalchand Chopra |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
Plot No. 156, Sector No.4 Gandhidham – 370201, Gujarat,
India |
||||||||||||||||||||
|
Date of Birth/Age : |
26.11.1966 |
||||||||||||||||||||
|
Date of Appointment : |
04.08.1993 |
||||||||||||||||||||
|
DIN No.: |
00239002 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Bhavesh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED.
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
78.66 |
|
Promoter - Bodies
corporate |
6.19 |
|
Promoter – Others |
1.27 |
|
Public/Other than promoters – Bodies
corporate |
13.88 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Wholesale of Wood in the Rough and products of
Primary Processing of Wood. [Registered Activity] ·
Trader and Importer of Fire Wood, Wooden Moulding,
Timber and Timber Products, Teak Wood, etc. ·
Importer of Dried Raw Cashew Nuts. ·
Importer of Non-GMO Soybeans and other Agri
Commodities. ·
Importer of various grade of Polymers. [Confirmed
by management] |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
· Fire Wood, Wooden Moulding, Timber and Timber Products, Teak Wood, etc. · Dried Raw Cashew Nuts · Non-GMO Soybeans and other Agri Commodities · Polymers |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cheque and NEFT |
|
|
|
|
Purchasing : |
Cheque and NEFT |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
14 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Samir K Mehta and Associates Chartered Accountants |
|
Address : |
F 13, Shree Ganesh Building, Plot No. 592, Ward No 12/C, Near City
Police Station, Gandhidham – 370201, Gujarat, India |
|
Tel. No.: |
91-2836-226582 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACDPM8965B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : [As on 31.03.2017] |
Oswal Timber Industries |
CAPITAL STRUCTURE
As on 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16140100 |
Equity Shares |
INR 1/- each |
INR 16.140
Million |
|
|
|
|
|
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 1/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16140100 |
Equity Shares |
INR 1/- each |
INR 16.140
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2018 [Provisional] |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
16.140 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
66.088 |
|
|
4] (Accumulated Losses) |
|
|
1.893 |
|
|
NETWORTH |
|
|
84.121 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1.340 |
|
|
2] Unsecured Loans |
|
|
119.355 |
|
|
TOTAL BORROWING |
|
|
120.695 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
204.816 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.278 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
142.824 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
4.173 |
|
|
Sundry Debtors |
|
|
112.953 |
|
|
Cash & Bank Balances |
|
|
0.120 |
|
|
Other Current Assets |
|
|
6.237 |
|
|
Loans & Advances |
|
|
5.429 |
|
Total
Current Assets |
|
|
128.912
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
70.969 |
|
|
Other Current Liabilities |
|
|
(1.736) |
|
|
Provisions |
|
|
(0.035) |
|
Total
Current Liabilities |
|
|
69.198
|
|
|
Net Current Assets |
|
|
59.714
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
204.816 |
|
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
16.140 |
16.140 |
|
(b) Reserves &
Surplus |
|
66.088 |
64.442 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
82.228 |
80.582 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
113.618 |
22.527 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
113.618 |
22.527 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.487 |
0.000 |
|
(b) Trade payables |
|
126.639 |
92.297 |
|
(c) Other current liabilities |
|
0.861 |
0.903 |
|
(d) Short-term provisions |
|
0.096 |
0.071 |
|
Total Current Liabilities
(4) |
|
128.083 |
93.271 |
|
|
|
|
|
|
TOTAL |
|
323.929 |
196.380 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1.687 |
2.712 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.586 |
0.528 |
|
(d) Long-term Loan and Advances |
|
1.297 |
1.297 |
|
(e) Other Non-current
assets |
|
128.075 |
37.550 |
|
Total Non-Current Assets |
|
131.645 |
42.087 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
16.188 |
31.331 |
|
(c) Trade receivables |
|
134.903 |
101.919 |
|
(d) Cash and cash
equivalents |
|
18.055 |
9.685 |
|
(e) Short-term loans and
advances |
|
14.298 |
0.392 |
|
(f) Other current assets |
|
8.840 |
10.966 |
|
Total Current Assets |
|
192.284 |
154.293 |
|
|
|
|
|
|
TOTAL |
|
323.929 |
196.380 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2018 [Provisional] |
|
|
SALES |
|
|
|
|
|
Income |
|
|
380.704 |
|
|
Other Income |
|
|
0.725 |
|
|
TOTAL |
|
|
381.429 |
|
|
|
|
[Due to business growth] |
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
362.831 |
|
|
Direct Expenses |
|
|
6.465 |
|
|
Bonus Expenses |
|
|
0.129 |
|
|
Computer Expenses |
|
|
0.050 |
|
|
Donation Expenses |
|
|
0.001 |
|
|
Electric Expenses |
|
|
1.720 |
|
|
Fees Charges |
|
|
0.003 |
|
|
Hydra Expenses |
|
|
0.033 |
|
|
Insurance Expenses |
|
|
0.311 |
|
|
Legal and Professional
Fees Expenses |
|
|
0.221 |
|
|
Office Expenses |
|
|
0.062 |
|
|
Salary Expenses |
|
|
2.050 |
|
|
Stamp Paper |
|
|
0.005 |
|
|
Stationary Expenses |
|
|
0.030 |
|
|
Telephone and Postel
Expenses |
|
|
0.142 |
|
|
Travelling Expenses |
|
|
0.457 |
|
|
Vehicle Petrol Repairing
Expenses |
|
|
0.338 |
|
|
Other expenses |
|
|
0.000 |
|
|
TOTAL |
|
|
374.848 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
6.581 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
4.371 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
2.210 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.317 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
1.893 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
|
1.893 |
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
332.707 |
250.952 |
|
|
Other Income |
|
4.163 |
3.333 |
|
|
TOTAL |
|
336.870 |
254.285 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
308.112 |
248.636 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
15.143 |
(13.028) |
|
|
Employees benefits
expense |
|
1.759 |
3.211 |
|
|
Other expenses |
|
4.761 |
8.088 |
|
|
TOTAL |
|
329.775 |
246.907 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
7.095 |
7.378 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
3.910 |
4.302 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
3.185 |
3.076 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
0.778 |
1.324 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
2.407 |
1.752 |
|
|
|
|
|
|
|
Less |
TAX |
|
0.761 |
0.552 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
1.646 |
1.200 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
CIF
Value of Import |
|
261.392 |
NA |
|
|
TOTAL
IMPORTS |
|
261.392 |
NA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
0.10 |
0.07 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
0.822 |
0.822 |
|
Cash generated from operations |
NA |
(77.435) |
3.286 |
|
Net cash flow from operating activity |
NA |
(82.165) |
(1.732) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
108.29 |
148.00 |
148.24 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.37 |
2.47 |
2.46 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
71.39 |
150.02 |
135.49 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.58 |
0.44 |
0.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2.89 |
4.21 |
2.72 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.69 |
0.75 |
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.47 |
1.39 |
0.28 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.29 |
1.56 |
1.16 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.03 |
0.02 |
0.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.51 |
1.81 |
1.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.50 |
0.49 |
0.48 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.69 |
0.51 |
0.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.30 |
2.00 |
1.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.68 |
1.50 |
1.65 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.66 |
1.37 |
1.32 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.30 |
0.25 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.47 |
7.07 |
1.40 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.68 |
1.50 |
1.65 |
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 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
16.140 |
16.140 |
16.140 |
|
Reserves & Surplus |
64.442 |
66.088 |
66.088 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
80.582 |
82.228 |
82.228 |
|
|
|
|
|
|
long-term borrowings |
22.527 |
113.618 |
|
|
Short term borrowings |
0.000 |
0.487 |
119.355 |
|
Total borrowings |
22.527 |
114.105 |
120.695 |
|
Debt/Equity ratio |
0.280 |
1.388 |
1.468 |
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 |
250.952 |
332.707 |
380.704 |
|
|
|
32.578 |
14.426 |
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 |
250.952 |
332.707 |
380.704 |
|
Profit |
1.200 |
1.646 |
1.893 |
|
|
0.48% |
0.49% |
0.50% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
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% |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2018 (INR
in Million) |
31.03.2017 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Oswal Timber Industry |
NA |
22.720 |
|
Oswal Extrusion Limited – Loan |
NA |
30.000 |
|
Plastene India Limited – Loan |
NA |
40.000 |
|
Plastene Polyfilms Limited Loan |
NA |
20.525 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Corporation Bank |
NA |
0.487 |
|
|
|
|
|
Total |
NA |
113.732 |
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G03003894 |
100025248 |
PNB INVESTMENT SERVICES LIMITED |
30/03/2016 |
- |
- |
3066700000.0 |
C/o Punjab National Bank Circle Office, 6th Floor Gujarat Bhavan, Nr. M. J. Library, Ashram Road Ahmedabad GJ 380006 IN |
|
2 |
Y10200659 |
90110967 |
CORPORATION BANK |
18/07/2005 |
- |
- |
10000000.0 |
GANDHIDHAM BRANCH GANDHIDHAM KUTCH GJ IN |
|
3 |
B03409299 |
90110582 |
CORPORATION BANK |
28/06/2003 |
06/01/2011 |
- |
220000000.0 |
DBZ -NORTH- 193, TALWAR BUILDING,OPP. HOTEL SHIV REGENCY,GANDHIDHAM GJ 370201 IN |
FIXED ASSETS
- Furniture
- Plant and
Machinery
- Computer
- Vehicle
- Mobile Phone
- Office
Equipment
- Electric Fitting
- Factory
Building
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 68.52 |
|
|
1 |
INR 90.60 |
|
Euro |
1 |
INR 79.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
TEJ |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
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.