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|
MIRA INFORM REPORT
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Report No. : |
494966 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
NATROYAL INDUSTRIES PRIVATE LIMITED (w.e.f. 18.03.2014) |
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Formerly Known
As : |
VIJAYJYOT SEATS PRIVATE LIMITED |
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Registered
Office : |
60 CD, "Shlok" Government Industrial Estate, Charkop,
Kandivali (West), Mumbai – 400067, Maharashtra |
|
Tel. No.: |
91-22-28603516, 28603514 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
20.09.1989 |
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Com. Reg. No.: |
11-053554 |
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Capital
Investment / Paid-up Capital : |
INR 64.057 Million |
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CIN No.: [Company Identification
No.] |
U74210MH1989PTC053554 |
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IEC No.: [Import-Export Code No.] |
0392001535 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACV1235H1ZK |
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PAN No.: [Permanent Account No.] |
AAACV1235H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of manufacture, export, import and supply of seating systems and parts of Automobile Seats, Auditorium Seats, Coated textile fabric and Knitted fabric. (Registered activity and also Confirmed by management) |
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No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow and Delayed |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1989. It is a manufacturer of
seating systems and parts of automobile seats, auditorium seats, coated textile
fabric and knitted fabric. It is also a trader of PVC/ chemical items. As per the financial of 2017, the company has achieved an average
profitability margin of 1.31% but has reported a decline in its revenue as
compared to the previous year. The company possesses healthy financial position marked by adequate
net worth base along with low debt balance sheet profile and acceptable
liquidity position. However, rating is constrained as the Natroyal Group is not favourably
spoken in the market, its sister concern, Nation Leather Cloth Manufacturing
Company is liquidated and the company’s another sister concern, Royal Cushion
Vinyl Products Limited has stopped trading on BSE and NSE. Business is active. Payment seems to be slow and delayed. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 PARTED BY (GENERAL INFORMATION)
|
Name : |
Mr. Gordin |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-28603516 |
|
Date : |
28.02.2018 |
LOCATIONS
|
Registered Office / Corporate Office : |
60 CD, "Shlok" Government Industrial Estate, Charkop,
Kandivali (West), Mumbai – 400067, Maharashtra, India |
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Tel. No.: |
91-22-28603516, 28603514 |
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Fax No.: |
91-22-28603565 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Factory (Knit Fabric
Division) : |
Plot 318-319, Village Baska, Taluka Halol, District Panchmahal –
389350, Gujarat, India |
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Tel. No.: |
91-2676-616100/616127 |
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rahul Mukesh Motasha |
|
Designation : |
Director |
|
Address : |
Dakshina Murthy Society, Bungalow No.6, J.V.P.D. Scheme, Vile Parle
(West), Mumbai - 400067, Maharashtra, India |
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Date of Birth/Age : |
27.05.1980 |
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Qualification : |
Bachelors of Science in Industrial Design |
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Date of Appointment : |
10.01.2011 |
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PAN No.: |
AADPM5497N |
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DIN No.: |
02080806 |
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|
|
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Name : |
Mr. Suvrat Mahesh Shah |
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Designation : |
Director |
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Address : |
Geeta Niwas, Laxminarayan Lane, Mathuradas Road, Kandivli (West),
Mumbai – 400067, Maharashtra, India |
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Date of Birth/Age : |
02.12.1973 |
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Qualification : |
Bachelors of Commerce and MBA |
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Date of Appointment : |
10.01.2011 |
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PAN No.: |
AADPS0343K |
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DIN No.: |
02833798 |
KEY EXECUTIVES
|
Name : |
Mr. Gordin |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
5.75 |
|
Public – (Individual/ Hindu
Undivided Family – Indian |
25.98 |
|
Public - Bodies corporate |
68.27 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Germany |
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Terms : |
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Selling : |
L/C and NEFT and RTGS |
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Purchasing : |
L/C and NEFT and RTGS |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
500 (Approximately) |
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Bankers : |
·
Axis Bank Limited · Dena Bank, Dena Sadan, S.V. Road Kandivali (West), Mumbai-400067, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Manek And Associates Chartered Accountants |
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Address : |
3-Shanti Kunj, 17, Prarthana Samaj, Mumbai-400057, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAHPM4874F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates: |
U19116MH2009PTC191908
U51900MH1992PTC065976
U51900MH1991PTC060543
U51900MH1991PTC060545 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1090000 |
Equity Shares |
INR 100/- each |
INR 109.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
640570 |
Equity Shares |
INR 100/- each |
INR 64.057
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
64.057 |
64.057 |
64.057 |
|
(b) Reserves and Surplus |
314.417 |
288.212 |
257.587 |
|
(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) |
378.474 |
352.269 |
321.644 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
144.986 |
127.113 |
124.778 |
|
(b) Deferred tax liabilities (Net) |
1.107 |
3.064 |
2.009 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
5.426 |
4.623 |
4.395 |
|
Total Non-current
Liabilities (3) |
151.519 |
134.800 |
131.182 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
209.223 |
186.368 |
204.712 |
|
(b) Trade
payables |
375.002 |
385.777 |
431.116 |
|
(c) Other current
liabilities |
55.095 |
51.558 |
45.878 |
|
(d) Short-term
provisions |
43.165 |
59.130 |
43.197 |
|
Total Current
Liabilities (4) |
682.485 |
682.833 |
724.903 |
|
|
|
|
|
|
TOTAL |
1212.478 |
1169.902 |
1177.729 |
|
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|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
267.107 |
264.387 |
232.738 |
|
(ii)
Intangible Assets |
0.524 |
0.781 |
1.173 |
|
(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 |
0.264 |
0.264 |
0.264 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
57.308 |
82.112 |
151.202 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
325.203 |
347.544 |
385.377 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
230.777 |
199.254 |
222.562 |
|
(c) Trade
receivables |
569.612 |
556.384 |
496.946 |
|
(d) Cash and
bank balances |
1.917 |
1.442 |
1.457 |
|
(e)
Short-term loans and advances |
53.912 |
35.736 |
42.183 |
|
(f) Other
current assets |
31.057 |
29.542 |
29.204 |
|
Total
Current Assets |
887.275 |
822.358 |
792.352 |
|
|
|
|
|
|
TOTAL |
1212.478 |
1169.902 |
1177.729 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1930.541 |
1991.716 |
2078.862 |
|
|
Other Income |
25.002 |
25.978 |
34.690 |
|
|
TOTAL |
1955.543 |
2017.694 |
2113.552 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
833.051 |
978.131 |
968.877 |
|
|
Purchases of
Stock-in-Trade |
604.721 |
502.679 |
638.685 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(4.728) |
6.446 |
56.306 |
|
|
Employee benefit expense |
117.486 |
106.850 |
92.701 |
|
|
Other expenses |
253.286 |
263.876 |
231.452 |
|
|
Prior period items before tax |
(0.366) |
0.854 |
0.217 |
|
|
TOTAL |
1803.450 |
1858.836 |
1988.238 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
152.093 |
158.858 |
125.314 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
72.526 |
78.447 |
66.462 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
79.567 |
80.411 |
58.852 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
40.147 |
32.832 |
20.373 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
39.420 |
47.579 |
38.479 |
|
|
|
|
|
|
|
Less |
TAX |
13.215 |
16.955 |
11.174 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
26.205 |
30.624 |
27.305 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
294.901 |
230.387 |
406.096 |
|
|
TOTAL EARNINGS |
294.901 |
230.387 |
406.096 |
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
NA |
191.440 |
|
|
Components and spare
parts |
NA |
NA |
0.118 |
|
|
Capital Goods |
NA |
NA |
48.142 |
|
|
TOTAL IMPORTS |
NA |
NA |
239.700 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
40.91 |
47.81 |
42.626 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
28.810 |
16.461 |
6.133 |
|
Net cash flows from (used in) operations |
15.399 |
97.215 |
10.105 |
|
Net cash flows from (used in) operating activities |
61.000 |
142.534 |
50.182 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
107.69 |
101.96 |
87.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.39 |
3.58 |
4.18 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
95.20 |
95.09 |
97.89 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.66 |
0.80 |
0.56 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.57 |
0.60 |
0.54 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.71 |
0.71 |
0.73 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.01 |
0.94 |
1.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.80 |
1.94 |
2.25 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.71 |
0.75 |
0.73 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.10 |
2.03 |
1.89 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.36 |
1.54 |
1.31 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.16 |
2.62 |
2.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
6.92 |
8.69 |
8.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.30 |
1.20 |
1.09 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.96 |
0.91 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.31 |
0.30 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
5.98 |
5.15 |
5.24 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.30 |
1.20 |
1.09 |
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 |
64.057 |
64.057 |
64.057 |
|
Reserves & Surplus |
257.587 |
288.212 |
314.417 |
|
Net
worth |
321.644 |
352.269 |
378.474 |
|
|
|
|
|
|
Long-term borrowings |
124.778 |
127.113 |
144.986 |
|
Short term borrowings |
204.712 |
186.368 |
209.223 |
|
Current maturities of
long-term debts |
6.133 |
16.461 |
28.810 |
|
Total
borrowings |
335.623 |
329.942 |
383.019 |
|
Debt/Equity
ratio |
1.043 |
0.937 |
1.012 |
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 |
2078.862 |
1991.716 |
1930.541 |
|
|
|
(4.192) |
(3.071) |
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 |
2078.862 |
1991.716 |
1930.541 |
|
Profit/ (Loss) |
27.305 |
30.624 |
26.205 |
|
|
1.31% |
1.54% |
1.36% |
LEGAL
CASES
|
Bench:- Bombay |
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|
Presentation Date: 06.12.2017 |
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|
Lodging No:- |
ITXAL/3123/2017 |
Failing Date:- |
06.12.2017 |
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Petitioner:- |
PR. COMMISSIONER OF INCOME TAX - 13 |
Respondent:- |
NATROYAL INDUSTRIES PRIVATE LIMITED |
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Petn.Adv:- |
AKHILESHWAR SHARMA (827) |
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District:- |
MUMBAI |
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Bench:- |
DIVISION |
Category: |
TAX APPEALS |
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Status:- |
Pre-Admission |
Stage:- |
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Last Date:- |
13.12.2017 |
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Last Coram:- |
REGISTRAR (OS)/PROTHONOTARY AND SR. MASTER |
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Act : |
Income Tax Act, 1961 |
Under Section :- |
260A |
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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 |
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) |
Yes |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from Shri Kamdhenu
Estate, 4th Floor, Near Tangent Furniture Showroom, Cross Link Road, Chincholi Bunder,
Malad (West), Mumbai– 400064, Maharashtra, India to the present address w.e.f. 25.06.2007
STATE OF AFFAIRS:
The Company is engaged in the business of manufacture of seating systems and parts of Automobile Seats, Auditorium Seats, Coated textile fabric and Knitted fabric. There has been no change in the business of the Company during the financial year ended 31st March, 2017.
THE HIGHLIGHTS OF THE
COMPANY’S PERFORMANCE ARE AS UNDER:-
The Sales and Other Income of the Company for the financial year 2016-17 stood at INR 1955.543 Million as against previous year’s INR 2017.694 Million. The profit before tax is INR 39.420 Million against INR 47.579 Million of previous year. The Profit after tax stood at INR 26.205 Million as against INR 30.624 Million of previous year.
OPERATIONS:
The company is working closely with Railway Coach manufactures for development of Seating Systems for new coaches and returning of old coaches.
The Company has started supplying components to Health care sector and looking at good business prospects in this segment.
The Department of Science and Industrial Research has approved our R and D Centre vide certificate dated 28/06/2017.
The Company have developed various new products for OEM, replacement market and shoe products from Leather cloth product.
The Company has developed various types of fabric for domestic and export market
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loans from others |
16.343 |
4.567 |
|
Deposits from shareholders |
27.728 |
13.408 |
|
Deposits from others |
36.800 |
36.800 |
|
Loans and advances from related parties |
10.833 |
15.372 |
|
Total |
91.704 |
70.147 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G69808996 |
100139377 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
17/10/2017 |
- |
- |
50221674.0 |
One Forbes,Dr. V. B. Gandhi Marg, Fort,MumbaiMH400001IN |
|
2 |
G32898314 |
100071002 |
HERO FINCORP LIMITED |
18/10/2016 |
- |
- |
48800000.0 |
34, COMMUNITY CENTRE, BASANT LOKVASANT VIHARNEW DELHIDe110057IN |
|
3 |
C71108898 |
10604361 |
RELIANCE CAPITAL LTD |
25/11/2015 |
- |
- |
5138250.0 |
"H" BLOCK 1ST FLOORDhirubhai Ambani Knowledge City, KoparkhairneNavi MumbaiMH400710IN |
|
4 |
C59814517 |
10581922 |
RELIANCE CAPITAL LTD |
01/07/2015 |
- |
- |
11651433.0 |
"H" BLOCK 1ST FLOORDhirubhai Ambani Knowledge City, KoparkhairneNavi MumbaiMH400710IN |
|
5 |
G42215020 |
10459967 |
Dena Bank |
27/09/2013 |
30/03/2017 |
- |
585300000.0 |
Kandivali West BranchS. V. RoadMumbaiMH400067IN |
|
6 |
B88532122 |
10455016 |
Dena Bank |
24/09/2013 |
27/09/2013 |
- |
98000000.0 |
Kandivali West Branch, Dena Sadan, S.V. RoadKandivali WestMumbaiMH400067IN |
|
7 |
B79885802 |
10437321 |
Dena Bank |
24/05/2013 |
24/05/2013 |
- |
222600000.0 |
S.V. ROAD,KANDIVALI WESTMUMBAIMH400067IN |
|
8 |
G42096305 |
10431636 |
Dena Bank |
21/05/2013 |
31/03/2017 |
- |
585300000.0 |
Kandivali West BranchS.V. RoadMumbaiMH400067IN |
|
9 |
B78898756 |
90154459 |
Dena Bank |
30/04/1994 |
21/06/2013 |
- |
180600000.0 |
Kandivali West Branch, Dena Sadan, S. V. RoadKandivali WestMumbaiMH400067IN |
|
10 |
G43712603 |
90221748 |
BANK OF BARODA |
05/04/1990 |
- |
15/05/2017 |
500000.0 |
HALOL BRANCH HALOLPANCHMAHALSMHIN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
0.000 |
318.133 |
|
Guarantees |
0.000 |
0.310 |
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
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 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.96 |
INFORMATION DETAILS
|
Information Gathered
by : |
AKS |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.