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|
MIRA INFORM REPORT
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Report No. : |
495027 |
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Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MODEL INFRA CORPORATION PRIVATE LIMITED (w.e.f.
09.11.2009) |
|
|
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|
Formerly Known
As : |
MODEL BUCKETS AND ATTACHMENTS PRIVATE LIMITED |
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Registered
Office : |
No.6, Second Floor, SMK Chambers, 2nd Floor, First A Main
Road, Sector A, New Town, Yelahanka, Bangalore – 560064, Karnataka |
|
Tel. No.: |
91-80-43340333 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
11.11.2003 |
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Com. Reg. No.: |
08-075882 |
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Capital
Investment / Paid-up Capital : |
INR 2126.212 Million |
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CIN No.: [Company Identification
No.] |
U29244KA2003PTC075882 |
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IEC No.: [Import-Export
Code No.] |
1703001231 |
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GSTN : [Goods & Service Tax
Registration 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.] |
AADCM7125J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture of Fabricated Metal Products. (Registered activity) |
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No. of Employees
: |
Information denied 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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2003. Clearwater Capital Partners Singapore Funds III Private Limited, Singapore holds 59.58% and Fraserville Investments Pte Limited, Singapore holds 40.41% in the company. It is engaged in manufacturing of fabricated metal products. As per the financials of the 2017, the company has achieved revenue growth of 41.01% as compared to the previous year along with an average profit margin of 1.56%. The moderate financial risk profile of the company is marked by negative reserve base. Rating takes into consideration the subject’s negligible debt level and fair cash position. Rating further takes into consideration continuous financial support from its major stakeholders i.e. Clearwater Capital Partners Singapore Funds III Pte Limited and Fraserville Investments Pte Limited. Rating gets constrained by the susceptibility to cyclicality in demand from end user market, and working capital intensive operations. Business is active. Payments seems to be slow but 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term borrowing: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
07.02.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term borrowing: A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
07.02.2018 |
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
31-03-2016.
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
MANAGEMENT NON-COOPERATIVE (91-80-43340333)
LOCATIONS
|
Registered Office / Corporate Office : |
No.6, Second Floor, SMK Chambers, 2nd Floor, First A Main
Road, Sector A, New Town, Yelahanka, Bangalore – 560064, Karnataka, India |
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Tel. No.: |
91-80-43340333 |
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Fax No.: |
91-80-43340332 |
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E-Mail : |
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Website : |
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Bangalore Works : |
Indospace Logistics Park, 104 Pollvakkam Village, Main Road,
Sriperumbudur Tiruvllur - 602002, Tamilnadu, India |
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91 80 2763 0570 / 72 |
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Dharwad Works: |
221, KIADB Industrial Growth Center, Belur, Dharwad – 580011, Karnataka, India |
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Tel. No.: |
91-836-2486785/320 1555 |
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Goa Works : |
L 13, Verna Industrial Estate, Verna, Goa, India |
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Tel. No.: |
91-832-6690981 / 84 |
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Pune Works: |
Plot No.10,Gate No.679/2, Balaji Industrial Area, At/post-Kuruli Chakan Taluka-Khed, District-Pune - 410501, Maharashtra, India |
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Tel. No.: |
91- 2135-278505 |
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Texcel Chennai: |
Plot No: 2 and 3, Melrosapuram Road, Sengundram Industrial Area, SingaperumalKoil Post, Chengalpattu - 603 204 Tamilnadu |
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Chennai Works : |
Indo Space Logistics Park, Polivakkam Village, Sriperambadur – Thiruvallur Main Road, Tiruvallur District - 603 204, Tamilnadu, India |
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Plant Address : |
704, Dempo Trade Centre Patto Panji, Goa, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Kubatoor Patel Shivaprakash |
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Designation : |
Director |
|
Address : |
# B-114, NR Royal Manor Apartment, Srirampura Road Royal
Enclave Layout, Srirampura, Jakkur, Bangalore North -560064, Karnataka, India
|
|
Date of Birth/Age : |
17.05.1969 |
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Qualification : |
Graduate |
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Date of Appointment : |
26.09.2014 |
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PAN No.: |
ASLPS9135K |
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DIN No.: |
01292679 |
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|
|
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Name : |
Mr. Amit Asharatan Pachisia |
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Designation : |
Director |
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Address : |
11, Dream Queen, V P Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
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Date of Birth/Age : |
06.01.1979 |
|
Qualification : |
Graduate |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
02600012 |
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PAN No.: |
AACPP6317R |
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|
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Name : |
Mr. Mahendranatha Reddy Velichelamala |
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Designation : |
Director |
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Address : |
436,2nd Main Road, B Block, AECS Layout Kundalahalli, Bangalore – 560037, Karnataka, India |
|
Date of Birth/Age : |
10.06.1968 |
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Qualification : |
Graduate |
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Date of Appointment : |
30.09.2016 |
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PAN No.: |
AASPR6472P |
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DIN No.: |
03295765 |
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|
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Name : |
Mr. Robert Monis |
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Designation : |
Director |
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Address : |
301, 3rd Floor, Vijayadurga Residency, Mathikere, 14th
Cross, SBM Colony, Opposite J P Park, Bangalore – 560054, Karnataka, India |
|
Date of Birth/Age : |
06.06.1967 |
|
Qualification : |
Graduate |
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Date of Appointment : |
30.01.2013 |
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PAN No.: |
AFVPM8733J |
|
DIN No.: |
06432345 |
KEY EXECUTIVES
|
Name : |
Madhav Anant Bhat |
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Designation : |
Company Secretary |
|
Address : |
#217, 4th Main, 5th Cross, Srinivasnagar, Bangalore -560050, Karnataka, India |
|
Date of Appointment : |
02.05.2017 |
|
PAN No.: |
APFPB7041C |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Clearwater Capital Partners Singapore Fund III Pte Limited, Singapore |
|
126684028 |
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Fraserville Investments Pte Limited, Singapore |
|
85912614 |
|
Ecofil Technologies India Private Limited |
|
10000 |
|
Ganesh Kumar Ishwar |
|
14517 |
|
Total |
|
212621159 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
99.99 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacture of Fabricated Metal Products. (Registered activity) |
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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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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers (From Indirect
Sources): |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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Name : |
V. Sankar Aiyar and Company Chartered Accountants |
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Address : |
41 Circular Road, First Floor, United India Colony, Kodambakkam, Chennai - 600024, Tamilnadu India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFV0781D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
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Subsidiary company: |
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CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
220000000 |
Equity Shares |
INR 10/- each |
INR 2200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
212621159 |
Equity Shares |
INR 10/- each |
INR 2126.211
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2126.212 |
2126.212 |
2126.212 |
|
(b) Reserves and Surplus |
(745.550) |
(776.045) |
(784.814) |
|
(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) |
1380.662 |
1350.167 |
1341.398 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
117.649 |
87.590 |
1.211 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
13.765 |
11.968 |
8.387 |
|
Total Non-current
Liabilities (3) |
131.414 |
99.558 |
9.598 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
521.861 |
419.947 |
354.882 |
|
(b) Trade
payables |
333.612 |
316.494 |
230.646 |
|
(c) Other
current liabilities |
63.056 |
48.616 |
33.691 |
|
(d) Short-term
provisions |
7.221 |
9.119 |
4.739 |
|
Total Current
Liabilities (4) |
925.750 |
794.176 |
623.958 |
|
|
|
|
|
|
TOTAL |
2437.826 |
2243.901 |
1974.954 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
810.258 |
633.232 |
570.096 |
|
(ii)
Intangible Assets |
8.411 |
0.300 |
0.408 |
|
(iii) Tangible assets
capital work-in-progress |
11.295 |
153.332 |
35.702 |
|
(iv)
Intangible assets under development |
0.000 |
8.247 |
3.520 |
|
(b) Non-current Investments |
503.070 |
424.170 |
424.170 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
31.010 |
31.904 |
19.740 |
|
(e) Other
Non-current assets |
18.934 |
30.467 |
20.755 |
|
Total Non-Current
Assets |
1382.978 |
1281.652 |
1074.391 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
341.480 |
265.610 |
226.696 |
|
(c) Trade
receivables |
457.336 |
400.003 |
298.167 |
|
(d) Cash and
bank balances |
98.893 |
46.973 |
134.033 |
|
(e)
Short-term loans and advances |
141.301 |
242.250 |
237.919 |
|
(f) Other
current assets |
15.838 |
7.413 |
3.748 |
|
Total
Current Assets |
1054.848 |
962.249 |
900.563 |
|
|
|
|
|
|
TOTAL |
2437.826 |
2243.901 |
1974.954 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1957.883 |
1388.450 |
1247.278 |
|
|
Other Income |
16.413 |
23.224 |
33.778 |
|
|
TOTAL |
1974.296 |
1411.674 |
1281.056 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1193.204 |
828.758 |
802.765 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
35.073 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(55.389) |
9.402 |
(33.145) |
|
|
Employee benefit expense |
164.094 |
127.227 |
108.762 |
|
|
Other expenses |
499.722 |
333.414 |
248.798 |
|
|
TOTAL |
1801.631 |
1298.801 |
1162.253 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
172.665 |
112.873 |
118.803 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
96.060 |
67.245 |
72.228 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
76.605 |
45.628 |
46.575 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
46.110 |
36.859 |
32.540 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
30.495 |
8.769 |
14.035 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.016 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
30.495 |
8.769 |
14.019 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.14 |
0.04 |
0.07 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
21.388 |
6.879 |
1.629 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
123.374 |
5.638 |
(11.316) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
123.374 |
5.638 |
(11.316) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
85.26 |
105.15 |
87.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.28 |
3.47 |
4.18 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
102.05 |
139.39 |
100.48 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.51 |
0.42 |
0.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.21 |
0.14 |
0.19 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.44 |
0.40 |
0.32 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.48 |
0.38 |
0.27 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.67 |
0.59 |
0.47 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.60 |
0.59 |
0.45 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.80 |
1.68 |
1.64 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.56 |
0.63 |
1.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.25 |
0.39 |
0.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.21 |
0.65 |
1.05 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.14 |
1.21 |
1.44 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.77 |
0.88 |
1.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.57 |
0.60 |
0.68 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.31 |
0.24 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.14 |
1.21 |
1.44 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
2126.212 |
2126.212 |
2126.212 |
|
Reserves & Surplus |
(784.814) |
(776.045) |
(745.550) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1341.398 |
1350.167 |
1380.662 |
|
|
|
|
|
|
Long-term borrowings |
1.211 |
87.590 |
117.649 |
|
Short term borrowings |
354.882 |
419.947 |
521.861 |
|
Current maturities of
long-term debts |
1.629 |
6.879 |
21.388 |
|
Total
borrowings |
357.722 |
514.416 |
660.898 |
|
Debt/Equity
ratio |
0.267 |
0.381 |
0.479 |
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 |
1247.278 |
1388.450 |
1957.883 |
|
|
|
11.318 |
41.012 |
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 |
1247.278 |
1388.450 |
1957.883 |
|
Profit/ (Loss) |
14.019 |
8.769 |
30.495 |
|
|
1.12
% |
0.63
% |
1.56
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2126.212 |
2126.212 |
|
(b) Reserves and Surplus |
|
(836.881) |
(868.410) |
|
(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) |
|
1289.331 |
1257.802 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
117.829 |
88.127 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
16.504 |
11.968 |
|
Total Non-current
Liabilities (3) |
|
134.333 |
100.095 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
578.369 |
512.303 |
|
(b) Trade
payables |
|
436.138 |
409.722 |
|
(c) Other
current liabilities |
|
71.536 |
83.204 |
|
(d) Short-term
provisions |
|
7.349 |
9.119 |
|
Total Current
Liabilities (4) |
|
1093.392 |
1014.348 |
|
|
|
|
|
|
TOTAL |
|
2517.056 |
2372.245 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
889.786 |
720.173 |
|
(ii)
Intangible Assets |
|
119.514 |
111.404 |
|
(iii) Tangible assets
capital work-in-progress |
|
11.295 |
153.332 |
|
(iv)
Intangible assets under development |
|
0.000 |
8.247 |
|
(b) Non-current Investments |
|
20.000 |
20.000 |
|
(c) Deferred tax assets (net) |
|
51.508 |
51.851 |
|
(d)
Long-term loans and advances |
|
42.749 |
42.639 |
|
(e) Other
Non-current assets |
|
19.434 |
30.967 |
|
Total Non-Current
Assets |
|
1154.286 |
1138.613 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
553.520 |
464.297 |
|
(c) Trade
receivables |
|
536.530 |
534.089 |
|
(d) Cash and
bank balances |
|
105.175 |
53.540 |
|
(e)
Short-term loans and advances |
|
150.823 |
174.293 |
|
(f) Other
current assets |
|
16.722 |
7.413 |
|
Total
Current Assets |
|
1362.770 |
1233.632 |
|
|
|
|
|
|
TOTAL |
|
2517.056 |
2372.245 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
2344.402 |
1778.233 |
|
|
Other Income |
|
16.962 |
30.124 |
|
|
TOTAL |
|
2361.364 |
1808.357 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1428.037 |
1060.395 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(62.032) |
4.951 |
|
|
Employee benefit expense |
|
196.345 |
178.834 |
|
|
Other expenses |
|
598.707 |
424.118 |
|
|
Exceptional items |
|
0.266 |
(0.839) |
|
|
TOTAL |
|
2161.323 |
1667.459 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
200.041 |
140.898 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
111.745 |
85.221 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
88.296 |
55.677 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
56.246 |
46.030 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
32.050 |
9.647 |
|
|
|
|
|
|
|
Less |
TAX |
|
0.521 |
0.657 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
31.529 |
8.990 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
0.15 |
0.04 |
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 |
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 |
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 |
NOTE: Registered office of the company has been shifted from 704, Dempo Trade Centre, Petto, Panjim – 403001, Goa, India to the present address.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G75405290 |
10588956 |
STATE BANK OF
INDIA |
05/08/2015 |
20/01/2018 |
- |
247500000.0 |
COMMERCIAL
BRANCHNO 232 NSC BOSE ROADCHENNAITN600001IN |
|
2 |
G04681938 |
10108818 |
STATE BANK OF
INDIA |
31/03/2008 |
20/04/2016 |
- |
1057500000.0 |
COMMERCIAL
BRANCHNO.232 NSC BOSE ROADCHENNAITN600001IN |
|
3 |
B76056803 |
10089687 |
L & T FINANCE
LIMITED |
04/12/2007 |
- |
23/05/2013 |
30000000.0 |
L&T
HOUSE,BALLARD ESTATE,MUMBAIMH400001IN |
|
4 |
B76053974 |
10038351 |
L & T FINANCE
LIMITED |
08/02/2007 |
- |
23/05/2013 |
110000000.0 |
L&T
HOUSE,BALLARD ESTATE,MUMBAIMH400001IN |
|
5 |
B76580968 |
10076749 |
TATA CAPITAL
LIMITED |
21/09/2007 |
- |
16/05/2013 |
100000000.0 |
EWART HOUSE 3RD
FLR22 HOMI MODY STREETMUMBAIMH400001IN |
|
6 |
B02014413 |
10144467 |
CANARA BANK |
06/02/2009 |
- |
09/12/2010 |
380000000.0 |
PANAJI BRANCH,MATHIAS
PLAZA BUILDING, 18TH JUNE ROAD,PANJIGA403001IN |
|
7 |
A64103674 |
90075811 |
BANK OF INDIA |
02/08/2004 |
- |
16/06/2009 |
68000000.0 |
ANDHERI CORPORATE
BANKING BRANCHMDI BUILDING 1ST FLOOR 28 SV ROAD ANDHERI WESTMUMBAIMH400058IN |
|
8 |
A57381840 |
10014237 |
CENTURION BANK OF
PUNJAB LTD. |
09/08/2006 |
12/12/2007 |
17/02/2009 |
324300000.0 |
SHANTA DURGA
NIWASM G ROAD, PANJIMGOAGA403001IN |
|
9 |
A57382616 |
80008802 |
CENTURION BANK OF
PUNJAB |
09/08/2006 |
- |
17/02/2009 |
240000000.0 |
PANJIPANJIGA403001IN |
|
10 |
A36060275 |
90076449 |
BANK OF INDIA |
01/03/2004 |
- |
31/03/2008 |
68000000.0 |
ANDHERI CORPORATE
BANKING BRANCHMDI BUILDING 1ST FLOOR 28 SV ROAD ANDHERI WESTMUMBAIMH400058IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- 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 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 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.