|
|
|
MIRA INFORM REPORT
|
Report No. : |
495303 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
K.N.RESOURCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
K.N. Building, Subhash Road, Ramsagarpara, Raipur – 492001,
Chhattisgarh |
|
Tel. No.: |
91-771-2293706-08, 4016370 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
05.10.1995 |
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|
|
|
Com. Reg. No.: |
10-010029 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 30.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27106CT1995PTC010029 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCK5983B |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
22AACCK5983B1ZS |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
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|
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No. of Employees
: |
Information declined by the management |
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 |
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|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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|
|
Comments : |
Subject was incorporated in the year 1995. Management has not filed its financial record with government department
for the year 2017 and same are not available from any other sources. As per the financial of 2016, the company has achieved a decent growth
of 63.28% in its revenue as compared to the previous year’s revenue and has
reported an average net profit margin of 1.11%. The company possesses healthy financial profile marked by above
average networth base along with moderate debt balance sheet profile. Business is active. 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 – December 31, 2015
|
Country Name |
Previous Rating (30.09.2015) |
Current Rating (31.12.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term loans: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
25.01.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term loans: A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
25.01.2017 |
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
31-03-2016.
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 01.03.2018
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. Abhay |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-43541100 |
|
Date : |
28.02.2018 |
Management non-cooperative (Tel No.:91-771-2293706)
LOCATIONS
|
Registered Office : |
K.N. Building, Subhash Road, Ramsagarpara, Raipur – 492001,
Chhattisgarh, India |
|
Tel. No.: |
91-771-2293706-08, 4016370 |
|
Fax No.: |
91-771-2293707 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
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Corporate Office : |
B 1 - 506, Marathon Innova, Opposite Peninsula Corporate Park, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22 – 43541100 / 01 |
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Fax No.: |
91-22-43541101 |
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E-Mail : |
|
|
|
|
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Branch Office: |
2/A, Shantiniteketan 3, Opposite Aroma School, Shantinagar, Usmanpura
Ahmedabad – 380013, Gujarat, India |
|
|
|
|
Marketing office: |
304, Orbit Mall A.B. Road, Indore - 452 001, Madhya Pradesh, India |
|
|
|
|
Factory 1: |
Itarsi Oils and Flours Limited, Kheda Industrial Estate, Itarsi - 461111, Madhya Pradesh, India |
|
Tel No.: |
91-7572-230026/ 230069/ 408420 |
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Fax No.: |
91-7572-230867 |
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|
|
|
Factory 2: |
Khandwa Oils, A Unit of Itarsi Oils and Flours Limited, Village Siltia, Tehsil Pandhana, Khandwa - 450 001, Madhya Pradesh, India |
|
Tel No.: |
91-7320-237406 / 237236 |
|
Fax No.: |
91-7320-237407 |
DIRECTORS
AS ON 2018
|
Name : |
Mr. Dhirendra Shrishrimal |
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|
Designation : |
Director |
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|
Address : |
K.N. Building, Subhash Road, Ramsagarpara, Raipur – 492001, Chhattisgarh, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
20.03.1972 |
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Date of Appointment : |
25.02.1997 |
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PAN No.: |
AJGPS3823C |
||||||||||||||||||||||||||||||||
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DIN No.: |
00324169 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||
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Name : |
Mr. Vijay Shrishrimal |
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|
Designation : |
Director |
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|
Address : |
K.N. Building, Subhash Road, Ramsagarpara, Raipur – 492001, Chhattisgarh, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
28.02.1966 |
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Date of Appointment : |
05.10.1995 |
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PAN No.: |
AJGPS0269Q |
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DIN No.: |
00323316 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Sushil Devi Shrishrimal |
|
40000 |
|
Vijay Shrishrimal |
|
650000 |
|
Sanjay Shrishrimal |
|
650000 |
|
Dhirendra Shrishrimal |
|
650000 |
|
Anant Trafine Private Limited, India |
|
20000 |
|
Palak Exim Private Limited, India |
|
400000 |
|
Salahkar distributors Private Limited, India |
|
390000 |
|
Anant Countertrade Private Limited, India |
|
200000 |
|
Total |
|
3000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
66.33 |
|
Public/Other than promoters (Body corporate) |
33.67 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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||||||||||||||||||||||||
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Pukhraj and Associates Chartered Accountants |
|
Address : |
204 Rajiv Gandhi Complex, Raipur, Chhattisgarh, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFP8396H |
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|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate
Enterprises: (As on 2016) |
|
CAPITAL STRUCTURE
AS ON 28.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
01.04.2015 to 31.03.2016 |
01.04.2014 to 31.03.2015 |
01.07.2013 to 31.03.2014 |
|
|
(12 months) |
(12 months) |
(9 months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
30.000 |
30.000 |
30.000 |
|
(b) Reserves and Surplus |
459.248 |
398.649 |
367.366 |
|
(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) |
489.248 |
428.649 |
397.366 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
20.867 |
25.934 |
48.682 |
|
(b) Deferred tax liabilities (Net) |
17.128 |
20.097 |
23.628 |
|
(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) |
37.995 |
46.031 |
72.310 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1213.528 |
182.789 |
431.668 |
|
(b) Trade
payables |
286.331 |
144.383 |
214.175 |
|
(c) Other
current liabilities |
14.223 |
39.440 |
10.057 |
|
(d) Short-term
provisions |
42.772 |
21.007 |
24.881 |
|
Total Current
Liabilities (4) |
1556.854 |
387.619 |
680.781 |
|
|
|
|
|
|
TOTAL |
2084.097 |
862.299 |
1150.457 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
71.992 |
76.967 |
93.098 |
|
(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 |
7.791 |
4.027 |
4.811 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
17.724 |
14.549 |
12.688 |
|
Total Non-Current
Assets |
97.507 |
95.543 |
110.597 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
966.691 |
85.156 |
466.046 |
|
(c) Trade
receivables |
415.643 |
266.021 |
202.712 |
|
(d) Cash and
bank balances |
176.281 |
201.593 |
204.918 |
|
(e)
Short-term loans and advances |
347.237 |
142.462 |
113.571 |
|
(f) Other current
assets |
80.738 |
71.524 |
52.613 |
|
Total
Current Assets |
1986.590 |
766.756 |
1039.860 |
|
|
|
|
|
|
TOTAL |
2084.097 |
862.299 |
1150.457 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
01.04.2015 to 31.03.2016 |
01.04.2014 to 31.03.2015 |
01.07.2013 to 31.03.2014 |
|
|
|
(12 months) |
(12 months) |
(9 months) |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
5469.703 |
3349.815 |
9992.157 |
|
|
Other Income |
38.420 |
32.047 |
32.497 |
|
|
TOTAL |
5508.123 |
3381.862 |
10024.654 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3.202 |
7.140 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
5750.749 |
2670.617 |
9712.730 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(884.737) |
373.378 |
(292.211) |
|
|
Employee benefit expense |
19.222 |
30.088 |
8.887 |
|
|
Other expenses |
450.373 |
200.780 |
352.000 |
|
|
TOTAL |
5338.809 |
3282.003 |
9781.406 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
169.314 |
99.859 |
243.248 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
71.171 |
41.094 |
111.759 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
98.143 |
58.765 |
131.489 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.583 |
12.333 |
12.145 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
87.560 |
46.432 |
119.344 |
|
|
|
|
|
|
|
Less |
TAX |
26.962 |
15.149 |
49.126 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
60.598 |
31.283 |
70.218 |
|
|
|
|
|
|
|
|
VALUE OF IMPORTS ON
C.I.F. BASIS |
430.800 |
22.500 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
20.20 |
10.43 |
23.41 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
01.04.2015 to 31.03.2016 |
01.04.2014 to 31.03.2015 |
01.07.2013 to 31.03.2014 |
|
|
(12 months) |
(12 months) |
(9 months) |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
80.327 |
44.468 |
(60.566) |
|
Net cash flows from (used in) operating activities |
50.396 |
25.787 |
(94.704) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
01.04.2015 to 31.03.2016 |
01.04.2014 to 31.03.2015 |
01.07.2013 to 31.03.2014 |
|
|
(12 months) |
(12 months) |
(9 months) |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
27.74 |
28.99 |
7.40 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
13.16 |
12.59 |
49.29 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
18.16 |
19.68 |
8.05 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.18 |
1.17 |
0.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2.35 |
1.30 |
2.61 |
LEVERAGE RATIOS
|
PARTICULARS |
01.04.2015 to 31.03.2016 |
01.04.2014 to 31.03.2015 |
01.07.2013 to 31.03.2014 |
|
|
(12 months) |
(12 months) |
(9 months) |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.76 |
0.48 |
0.63 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
2.52 |
0.49 |
1.21 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.18 |
0.90 |
1.71 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.15 |
0.18 |
0.23 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.38 |
2.43 |
2.18 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
01.04.2015 to 31.03.2016 |
01.04.2014 to 31.03.2015 |
01.07.2013 to 31.03.2014 |
|
|
|
(12 months) |
(12 months) |
(9 months) |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.11 |
0.93 |
0.70 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.91 |
3.63 |
6.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
12.39 |
7.30 |
17.67 |
SOLVENCY RATIOS
|
PARTICULARS |
01.04.2015 to 31.03.2016 |
01.04.2014 to 31.03.2015 |
01.07.2013 to 31.03.2014 |
|
|
(12 months) |
(12 months) |
(9 months) |
|
Current Ratio (Current Assets / Current Liabilities) |
1.28 |
1.98 |
1.53 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.66 |
1.76 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.23 |
0.50 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
41.15 |
6.96 |
16.01 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
1.28 |
1.98 |
1.53 |
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 |
01.07.2013 To 31.03.2014 |
01.04.2014 to 31.03.2015 |
01.04.2015 to 31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
367.366 |
398.649 |
459.248 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
397.366 |
428.649 |
489.248 |
|
|
|
|
|
|
Long-term borrowings |
48.682 |
25.934 |
20.867 |
|
Short term borrowings |
431.668 |
182.789 |
1213.528 |
|
Total
borrowings |
480.350 |
208.723 |
1234.395 |
|
Debt/Equity
ratio |
1.209 |
0.487 |
2.523 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
01.07.2013 To 31.03.2014 |
01.04.2014 to 31.03.2015 |
01.04.2015 to 31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
9992.157 |
3349.815 |
5469.703 |
|
|
|
(66.476) |
63.284 |
NET PROFIT MARGIN
|
Net
Profit Margin |
01.07.2013 To 31.03.2014 |
01.04.2014 to 31.03.2015 |
01.04.2015 to 31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
9992.157 |
3349.815 |
5469.703 |
|
Profit/ (Loss) |
70.218 |
31.283 |
60.598 |
|
|
0.70
% |
0.93
% |
1.11
% |
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 |
No |
|
26 |
Turnover of firm for last three financial
years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three financial
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 (As on
2016)
The Company has reported total Revenue of INR 5508.123 million for the current year as compared to INR 3381.862 million in the previous year. The Net Profit After tax for the year amounted to INR 60.598 million in the current year as compared to INR 31.283 million in the previous year.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G75061648 |
100152458 |
HDFC BANK LIMITED |
12/11/2017 |
- |
- |
300000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI-400013 MAHARASHTRA, INDIA |
|
2 |
G63113229 |
100134714 |
DBS BANK LIMITED |
21/06/2017 |
- |
- |
250000000.0 |
DLF CAPITOL POINT, GROUND FLOOR & FIRST FLOORBABA KHARAK SINGH MARG, CONNAUGHT PLACE NEW DELHI-110001 INDIA |
|
3 |
G28024594 |
100063272 |
HDFC BANK LIMITED |
21/09/2016 |
- |
- |
24000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI-400013 MAHARASHTRA, INDIA |
|
4 |
C75582924 |
10612619 |
INDUSIND BANK LIMITED |
16/12/2015 |
- |
- |
100000000.0 |
B1-506, MARATHAN INNOVALOWER PAREL MUMBAI-400013 MAHARASHTRA, INDIA |
|
5 |
B35091255 |
10245731 |
STANDARD CHARTERED BANK |
22/10/2010 |
03/02/2012 |
- |
500000000.0 |
23, BARAKHAMBHA ROADNARAIN MANZILNEW DELHI-110001 INDIA |
|
6 |
B79098208 |
90209420 |
UCO BANK |
12/12/2003 |
10/06/2013 |
- |
1512700000.0 |
MAIN BRANCHNEAR JAISTAMBH CHOWK, KK ROAD RAIPUR-492001 INDIA |
|
7 |
G19624857 |
10437983 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
24/06/2013 |
24/11/2014 |
15/10/2016 |
100000000.0 |
52/60, MAHATMA GANDHI ROAD,FORT MUMBAI-400001 MAHARASHTRA, INDIA |
|
8 |
G06488134 |
10280616 |
ICICI BANK LIMITED |
09/03/2011 |
- |
13/06/2016 |
65000000.0 |
ICICI BANK TOWERSBANDRA KURLA COMPLEX, BANDRA – EAST MUMBAI-400051 MAHARASHTRA, INDIA |
FIXED ASSETS
Tangible assets
- Land
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipment’s
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
64.82 |
|
|
1 |
INR 79.94 |
|
Euro |
1 |
INR 90.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
RKI |
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.