|
|
|
MIRA INFORM REPORT
|
Report No. : |
495534 |
|
Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TATA UNISTORE LIMITED
(w.e.f.13.05.2015) |
|
|
|
|
Formerly Known
As : |
TATA INDUSTRIAL SERVICES LIMITED |
|
|
|
|
Registered
Office : |
1st Floor, Empire Plaza 2, Chandan Nagar, LBS Marg, Vikroli
(West), Mumbai – 400083, Maharashtra |
|
Tel. No.: |
91-22-66658282/ 61280800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
13.08.2007 |
|
|
|
|
Com. Reg. No.: |
11-173035 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 3461.175 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2007PLC173035 |
|
|
|
|
IEC No.: |
Not Divulged |
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|
|
|
GST No.: |
27AACCT7290E1Z7 |
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|
|
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TIN No.: |
27485289676 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT7290E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject
is engaged to conduct business arising out of offset obligations stipulated on
foreign vendors in relation to the procurement programmes of the Indian
defence and civil sectors by way of providing services to the foreign vendors
to fulfill their offset obligations through methods as defined, required or
prescribed under relevant procedures, instructions or guidelines from time to
time and to provide skillful services to foreign vendors. [As per Memorandum
of Association] |
|
|
|
|
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
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|
Comments : |
TATA Unistore Limited is a subsidiary of TATA Industries Limited” and
a part of TATA Group. The company was incorporated in the 2007. For the financial year 2017, the company has achieved decent revenue
from its operations but has incurred operational loss. The moderate financial risk profile of the company is marked by
negative reserve base. Rating takes into consideration the subject’s debt free balance sheet
profile. Rating also takes into account the strong financial and managerial
support that company receives being a part TATA group backed by its well
experienced management team. Payment 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
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 05.03.2018.
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 DECLINED
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-22-61280800]
Given number [91-22-66657940] wrong number
LOCATIONS
|
Registered Office : |
1st Floor, Empire Plaza 2, Chandan Nagar, LBS Marg, Vikroli
(West), Mumbai – 400083, Maharashtra, India |
|
Tel. No.: |
91-22-66658282/ 61280800 |
|
Fax No.: |
91-22-66657974 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Harish Ramananda Bhat |
|
Designation : |
Additional Director |
|
Address : |
No A-1053, Krest Park Apartmens, 39 Old Kanakapura Road, Basavanagudi, Bangalore - 560004, Karnataka, India |
|
Date of Appointment : |
06.01.2015 |
|
DIN No.: |
00478198 |
|
|
|
|
Name : |
Mr. Kanwar Rameshwar Singh Jamwal |
|
Designation : |
Director |
|
Address : |
181-B, Maker Towers, Co-operative Housing Society, Cuffe Parade,
Colaba, Mumbai - 400005, Maharashtra, India |
|
Date of Birth/Age : |
11.10.1965 |
|
Date of Appointment : |
12.08.2011 |
|
DIN No.: |
03129908 |
|
|
|
|
Name : |
Mr. Venkataraman Coimbatore Krishnamurthy |
|
Designation : |
Additional Director |
|
Address : |
L 141, 7th Main, Sector-10, LIC Housing Colony Nal 3rd Stage, Bangalore - 560075, Karnataka, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
05228157 |
|
|
|
|
Name : |
Mr. Sriram Sethuraman |
|
Designation : |
Director |
|
Address : |
K-503, Dara Enclave, Army Colony, Sector 9, Nerul, Navi Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
12.01.1965 |
|
Date of Appointment : |
29.08.2013 |
|
DIN No.: |
05320597 |
|
|
|
|
Name : |
Mrs. Richa Arora |
|
Designation : |
Additional director |
|
Address : |
D-3106, Ashoka Towers-D, Parel, Mumbai - 400012, Maharashtra, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
07144694 |
KEY EXECUTIVES
|
Name : |
Mr. Behram Rustam Sabawala |
|
Designation : |
CFO(KMP) |
|
Address : |
D-1307, Ashok Towers Dr. S. S. Rao Marg, Parel, Mumbai 400012, Maharashtra, India |
|
Date of Appointment : |
05.04.2017 |
|
PAN No.: |
AAHPS5171M |
|
|
|
|
Name : |
Mr. Ashutosh Sudhakar Pandey |
|
Designation : |
Manager |
|
Address : |
Flat no.-304, B- Wing, 3rd Floor, Imperial Height, Best Nagar, Opposite Goregaon Fire Station, Goregaon (West), Mumbai – 400104, Maharashtra, India |
|
Date of Appointment : |
01.10.2015 |
|
PAN No.: |
AGXPP7134K |
|
|
|
|
Name : |
Mr. Vikram Singh |
|
Designation : |
Company Secretary |
|
Address : |
House No. 1399, Sector 15 – II, Gurgaon – 122001, Haryana, India |
|
Date of Appointment : |
16.12.2015 |
|
PAN No.: |
AUQPS1476A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Tata Industries
Limited |
|
311505735 |
|
Tata Industries
Limited jointly with Deepika H. Bhagwagar |
|
1 |
|
Tata Industries
Limited jointly with S. Sriram |
|
1 |
|
Tata Industries Limited
jointly with Kamlesh Bhatt |
|
1 |
|
Tata Industries
Limited jointly with V. Ranganathan |
|
1 |
|
Trent Limited,
India |
|
34611749 |
|
Tata Industries
Limited jointly with John P. Fernandes |
|
1 |
|
Tata Industries Limited
jointly with Nikhil Rughani |
|
1 |
|
Total |
|
346117490 |
AS ON: 18.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Body corporate) |
90.00 |
|
Public/Other than promoters (Body corporate) |
10.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged to conduct business arising out of offset obligations stipulated
on foreign vendors in relation to the procurement programmes of the Indian
defence and civil sectors by way of providing services to the foreign vendors
to fulfill their offset obligations through methods as defined, required or
prescribed under relevant procedures, instructions or guidelines from time to
time and to provide skillful services to foreign vendors. [As per Memorandum
of Association] |
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Products : |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
|
|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
India Bulls Finance Centre Tower 3, 27th - 32 Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai – 400013, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFM1433H |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
TATA Industries Limited [U44003MH1945PLC004403] |
|
|
|
|
Ultimate Holding company: |
Tata Sons Limited [U99999MH1917PLC000478] |
|
|
|
|
Subsidiary company: |
Landmark Etail Limited [U72900MH2001PLC252980] |
|
|
|
|
Fellow
Subsidiary company : |
· Tata Capital Forex Limited [U65921MH2006PLC238745] · Tata Business Sup Port Services Limited [U64200TG1995PLC044060] · Tata Aig General Insurance Company Limited [U85110MH2000PLC128425] · Infiniti Retail Limited [U31900MH2005PLC158120] · Tata Consultancy Services Limited [L22210MH1995PLC084781] · Tata Teleservices (Maharashtra) Limited [L64200MH1995PLC086354] · Tata SIA Airlines Limited [U62200DL2013PLC259904] |
CAPITAL STRUCTURE
AFTER 18.09.2017
Authorised Capital : INR 7750.000 Million
Issued, Subscribed & Paid-up Capital : INR 5701.175
Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000000 |
Equity Shares |
INR 10/- each |
INR 7500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
346117490 |
Equity Shares |
INR 10/- each |
INR 3461.175 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
3461.175 |
1741.175 |
438.307 |
|
(b) Reserves and Surplus |
(2521.840) |
(901.483) |
(507.567) |
|
(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) |
939.335 |
839.692 |
(69.260) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
41.274 |
|
(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 |
13.262 |
6.628 |
7.700 |
|
Total Non-current
Liabilities (3) |
13.262 |
6.628 |
48.974 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
832.995 |
362.102 |
322.697 |
|
(c) Other
current liabilities |
94.458 |
76.472 |
511.476 |
|
(d) Short-term
provisions |
0.877 |
2.209 |
5.498 |
|
Total Current
Liabilities (4) |
928.330 |
440.783 |
839.671 |
|
|
|
|
|
|
TOTAL |
1880.927 |
1287.103 |
819.385 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
40.947 |
7.586 |
6.258 |
|
(ii)
Intangible Assets |
885.334 |
0.500 |
0.692 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
2.601 |
0.000 |
|
(iv)
Intangible assets under development |
215.382 |
752.612 |
213.968 |
|
(b) Non-current Investments |
128.911 |
128.911 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
258.255 |
118.704 |
57.453 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1528.829 |
1010.914 |
278.371 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
56.508 |
100.232 |
508.500 |
|
(b)
Inventories |
15.636 |
1.223 |
0.000 |
|
(c) Trade
receivables |
14.203 |
42.627 |
3.370 |
|
(d) Cash and
bank balances |
84.903 |
90.278 |
6.011 |
|
(e)
Short-term loans and advances |
99.071 |
40.784 |
23.024 |
|
(f) Other
current assets |
81.777 |
1.045 |
0.109 |
|
Total
Current Assets |
352.098 |
276.189 |
541.014 |
|
|
|
|
|
|
TOTAL |
1880.927 |
1287.103 |
819.385 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
122.145 |
0.000 |
0.000 |
|
|
Other Income |
13.327 |
24.417 |
0.000 |
|
|
TOTAL |
135.472 |
24.417 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
49.865 |
1.223 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(14.413) |
(1.223) |
0.000 |
|
|
Employee benefit expense |
323.218 |
165.163 |
29.179 |
|
|
Other expenses |
1147.638 |
255.126 |
59.773 |
|
|
TOTAL |
1506.308 |
420.289 |
88.952 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(1370.836) |
(395.872) |
(88.952) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(1370.836) |
(395.872) |
(88.952) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
248.997 |
6.963 |
0.524 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(1619.833) |
(402.835) |
(89.476) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
DISCONTINUING OPERATIONS |
(0.523) |
(3.511) |
(36.651) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) FOR PERIOD |
(1620.356) |
(406.346) |
(126.127) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(6.33) |
(3.13) |
(4.94) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(1103.068) |
(462.087) |
658.619 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(1107.977) |
(462.366) |
658.619 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
42.44 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.60 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
6097.33 |
108068.05 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(87.67) |
(323.69) |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(1.20) |
(0.52) |
(0.40) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.49 |
0.34 |
1.08 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
(0.60) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.99 |
0.52 |
(12.12) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.22 |
0.91 |
(3.19) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(1326.58) |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(86.15) |
(31.57) |
(15.39) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(172.50) |
(48.39) |
182.11 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.38 |
0.63 |
0.64 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.36 |
0.62 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.50 |
0.65 |
-0.08 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.38 |
0.63 |
0.64 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
438.307 |
1741.175 |
3461.175 |
|
Reserves & Surplus |
(507.567) |
(901.483) |
(2521.840) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(69.260) |
839.692 |
939.335 |
|
|
|
|
|
|
Long-term borrowings |
41.274 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
549.774 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
(7.938) |
0.000 |
0.000 |
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 |
0.000 |
0.000 |
122.145 |
|
|
|
0.000 |
0.000 |
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 |
0.000 |
0.000 |
122.145 |
|
Profit/ (Loss) |
(126.127) |
(406.346) |
(1620.356) |
|
|
|
|
(1326.58%) |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
3461.175 |
1741.175 |
|
(b) Reserves and Surplus |
|
(2554.902) |
(919.072) |
|
(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) |
|
906.273 |
822.103 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
13.364 |
6.801 |
|
Total Non-current
Liabilities (3) |
|
13.364 |
6.801 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
834.050 |
364.294 |
|
(c) Other
current liabilities |
|
103.655 |
86.420 |
|
(d) Short-term
provisions |
|
0.891 |
2.237 |
|
Total Current
Liabilities (4) |
|
938.596 |
452.951 |
|
|
|
|
|
|
TOTAL |
|
1858.233 |
1281.855 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
46.419 |
14.345 |
|
(ii)
Intangible Assets |
|
992.608 |
113.979 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
2.601 |
|
(iv)
Intangible assets under development |
|
215.382 |
752.612 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
244.531 |
113.780 |
|
(e) Other
Non-current assets |
|
6.907 |
6.907 |
|
Total Non-Current
Assets |
|
1505.847 |
1004.224 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
56.508 |
100.232 |
|
(b)
Inventories |
|
15.636 |
1.223 |
|
(c) Trade
receivables |
|
14.203 |
42.628 |
|
(d) Cash and
bank balances |
|
86.480 |
91.618 |
|
(e) Short-term
loans and advances |
|
99.689 |
40.890 |
|
(f) Other
current assets |
|
79.870 |
1.040 |
|
Total
Current Assets |
|
352.386 |
277.631 |
|
|
|
|
|
|
TOTAL |
|
1858.233 |
1281.855 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
122.145 |
3.829 |
|
|
Other Income |
|
13.164 |
26.348 |
|
|
TOTAL |
|
135.309 |
30.177 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
49.865 |
4.731 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(14.413) |
(1.166) |
|
|
Employee benefit expense |
|
324.838 |
167.308 |
|
|
Other expenses |
|
1153.821 |
266.325 |
|
|
TOTAL |
|
1514.111 |
437.198 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
(1378.802) |
(407.021) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(1378.802) |
(407.021) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
256.506 |
13.403 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(1635.308) |
(420.424) |
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) FOR PERIOD FROM CONTINUING OPERATIONS
|
|
(1635.308) |
(420.424) |
|
|
|
|
|
|
|
|
DISCONTINUING
OPERATIONS |
|
(0.523) |
(3.511) |
|
|
|
|
|
|
|
|
PROFIT
/(LOSS) FOR PERIOD |
|
(1635.831) |
(423.935) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(6.39) |
(3.26) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G06967319 |
100036883 |
DEUTSCHE BANK |
09/06/2016 |
- |
- |
150000000.0 |
14TH FLOOR, THE CAPITALBANDRA
KURLA COMPLEX-BLOCK GMUMBAIMH400051IN |
OPERATIONS OF THE
COMPANY
Indian Ecommerce
Industry:
Industry experts expect the Indian ecommerce industry to grow at a compounded annual growth rate (CAGR) of 39% for the next decade from US $ 16-18 Bn in 2016 to US $ 200 Bn. In that light, 2017 was a year of surprises where growth was limited to 15-18% over the previous year, with some demonetization impact on cash purchases (COD) and the industry witnessed consolidation among some of the largest e-commerce enterprises in India.
There are positive macro trends that also emerged 1/3rd of the Indian population is now online primarily through social media and digital payments. In addition, financial technology companies are building innovative solutions to drive inclusion thereby building a larger transacting population.
Within this landscape, pertinent trends have been observed within each stakeholder segment, i.e. consumers, brands / business owners and ecommerce companies themselves.
The consumer landscape is now rapidly evolving with the inclusion of higher age groups with greater spending power as well as deeper penetration within smaller cities, which allcome together to create a market of significant potential. Consumers are evolving faster and are demanding experiences like their counterparts in more developed nations. Consumers are also now demanding (and even paying a premium for) faster deliveries, availability across all categories and price segments as well as flexible return policies.
Two large ecommerce companies today command a greater share within the mass market and younger customers, which is a significant majority of the entire ecommerce B2C market. That said, it can be argued that the focus will soon shift towards better unit economics to sustain in the long term. Niche and differentiated businesses in ecommerce, which include digital only brands, artisan goods as well as customized products are now generating consumer traction that can soon reach sustainable levels while being < 1% of the entire market.
Brands and business owners who were early to join hands with ecommerce players now generate between 5% to 40% of their annual revenues from ecommerce alone. Brands have been looking to take more control of their ecommerce business through marketplaces, which has so far ended up in high discounting through a quasi-retail model where sellers buy inventory for the sole purpose of selling on a portal. Higher control on discounting of their products and focus on sale of fresh merchandise are two objectives which most brands are now driving.
Update on TATA CLiQ Operations:
TATA CLiQ was launched on May 27, 2016, with the objective of creating a unique omnichannel marketplace, which featured the best of brands and their latest collections. Within their first year of operations, they have broken into the top 10 B2C ecommerce companies in India and have crossed 3 million downloads of their App with over 1 millionregular customers.
They began their journey with three key categories of apparel, footwear and electronics and have now expanded the assortment with Accessories and Kids fashion categories. They are also on track to launch key categories of Home & Living and Jewellery to further enhance the customer offering.
During the year, they have added over 800 brands on their platform including high volume and well-known brands such as Xiaomi, Samsung, Puma and Bestseller Group (Jack & Jones, Only, Vero Moda) to name just a few. They have also expanded their omnichannel footprint and now have over 1,000 Omnichannel stores across the country where customers can do convenient pickups and returns while ordering online.
TATA CLiQ aspires to address the unmet needs of brands and customers in the ecommerce eco-system. It is through their omnichannel model that they serve brands in a unique manner by amplifying their online presence as well as driving higher sell-through of their core and latest offerings which is distinct as a consumer offering from most other ecommerce companies in India. Their offering is further differentiated through express deliveries (shipped from store), 100% original guarantee, pick up and return to store options as well as their 30-day return policy.
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 65.23 |
|
UK Pound |
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
INFORMATION
DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
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.