|
|
|
MIRA INFORM REPORT
|
Report No. : |
495755 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
GAUTAM EXIM LIMITED (w.e.f 25.04.2017) |
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|
|
|
Formerly Known
as : |
GAUTAM EXIM PRIVATE LIMITED |
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|
|
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Registered
Office : |
C7/57-59, Mirgasir Complex, Opposite Advance Complex, N H
No. 8, GIDC, Vapi – 396195, Gujarat |
|
Tel. No.: |
91-260-2432998 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
05.08.2005 |
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|
|
|
Com. Reg. No.: |
04-046562 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 2.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51100GJ2005PLC046562 |
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|
|
|
IEC No.: [Import-Export Code No.] |
5208053136 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCG7701P |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AACCG7701P1ZF |
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|
|
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Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
The Company is a Trader and Importer of Imported Waste Paper and Indigenous Waste Paper and Chemicals. (Registered Activity) |
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|
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 141000 |
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|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2005. It is engaged in the
trading of waste paper, pulp, chemicals and metal scarp. For the financial year 2017, the revenue of the company has increased by
7.61% along with profit margin of 0.25%. The satisfactory financial profile of the company is marked by
comfortable networth base. However, rating is constrained on account of poor debt coverage
indicators due to slightly high debt balance sheet profile and unfavourable
gap between trade payables and trade receivables. Payments seems to be slow. 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities=BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
04.01.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities=A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
04.01.2018 |
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 06.03.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Rajat |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-22030080 |
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-260-2432998)
LOCATIONS
|
Registered Office/ Warehouse : |
C7/57-59, Mirgasir Complex, Opposite Advance Complex, N H
No. 8, GIDC, Vapi – 396195, Gujarat, India |
|
Tel. No.: |
91-260-2432998/ 2430106 |
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Fax No.: |
91-260-2431988 |
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E-Mail : |
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|
Website : |
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|
Area : |
6000 sq. ft. |
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
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Branch Office: |
Room No.2, Ground Floor, K.K. Chambers, P.T. Road, Behind ICICI Bank,
Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22030080 |
|
Location : |
Rented |
|
Locality: |
Commercial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Balasubramanian Raman |
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|
Designation : |
Managing Director |
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Address : |
29, Pavitra, GIDC, Vapi – 396195, Gujarat, India |
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Date of Birth/ Age : |
18.05.1950 |
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Qualification : |
M.Com, DBM and CMC |
||||||||||||
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Date of Appointment : |
01.05.2017 |
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PAN No.: |
ABEPR9439B |
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DIN No.: |
00410443 |
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Other
Directorship :
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|
||||||||||||
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Name : |
Mrs. Nagalaxmi Balasubramanian |
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Designation : |
Whole-time Director |
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Address : |
29, Pavitra, GIDC, Vapi – 396195, Gujarat, India |
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Date of Birth/ Age : |
15.03.1954 |
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Qualification : |
B.Sc, B.ED |
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Date of Appointment : |
01.05.2017 |
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PAN No.: |
AEGPB3803G |
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DIN No.: |
00410495 |
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Other
Directorship :
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Name : |
Mr. Shivkumar Janakiram Giddu |
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Designation : |
Director |
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Address : |
P. No. 27-P, Satadhar Society-2, Chala Vapi, Valsad –
396191, Gujarat,
India |
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Date of Appointment : |
28.04.2017 |
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DIN No.: |
05213072 |
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|
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Name : |
Mr. Umakant Kashinath Bijapur |
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Designation : |
Director |
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|
Address : |
202-B, Dev Darshan, Opposite Water Tank, Halar, Valsad –
396001, Gujarat,
India |
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|
Date of Appointment : |
28.04.2017 |
||||||||||||
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DIN No.: |
07269181 |
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Other
Directorship :
|
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KEY EXECUTIVES
|
Name : |
Ms. Lakshmi Ramanathan Iyer |
|
Designation : |
Chief Executive Officer |
|
Address : |
C/3/201, Ashirwad, Koparli Road, Near. Ambemata Temple, GIDC,
Pardi, Valsad Vapi – 396195, Gujarat, India |
|
Date of Appointment : |
01.05.2017 |
|
PAN No.: |
AALPI3501R |
|
|
|
|
Name : |
Ms. Silkyben Bhikhalal Shah |
|
Designation : |
Company Secretary |
|
Address : |
302, Ratan Park Apartment, Opposite Jain Temple, Beside
Parul Petrol Pump, Adajan, Surat – 395009, Gujarat, India |
|
Date of Appointment : |
01.05.2017 |
|
PAN No.: |
EXHPS8972P |
|
|
|
|
Name : |
Mr. Rajat |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDERS AND ALLOTTEES DETAILS FILE ATTACHED
As on 30.05.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
99.85 |
|
Public/Other than promoters - [Individual/Hindu Undivided Family – Indian] |
0.15 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is a Trader and Importer of Imported Waste Paper and Indigenous Waste Paper and Chemicals. (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 : |
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No. of Employees : |
Information declined by the management |
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Bankers (As on 2016) : |
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Facilities : |
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Auditors : |
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|
Name : |
B. A. Desai and Associates Chartered Accountants |
|
Address : |
103, Khatri House, 1st Floor, Near Heena Arcade, GIDC Char Rasta, Vapi – 396191, Gujarat, India |
|
PAN No.: |
ABZPD0789P |
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
After 30.05.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3081000 |
Equity Shares |
INR 10/- each |
INR 30.810 Million |
|
|
|
|
|
As on 30.05.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 10/- each |
INR 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 10/- each |
INR 2.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
2.500 |
2.500 |
2.500 |
|
(b) Reserves & Surplus |
46.814 |
38.870 |
32.625 |
|
(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) |
49.314 |
41.370 |
35.125 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.495 |
0.654 |
1.206 |
|
(b) Deferred tax liabilities
(Net) |
0.089 |
0.016 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
1.584 |
0.670 |
1.206 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
262.517 |
189.775 |
154.893 |
|
(b) Trade payables |
48.991 |
243.092 |
94.747 |
|
(c) Other current liabilities |
7.989 |
2.289 |
6.034 |
|
(d) Short-term provisions |
4.360 |
0.521 |
0.000 |
|
Total
Current Liabilities (4) |
323.857 |
435.677 |
255.674 |
|
|
|
|
|
|
TOTAL |
374.755 |
477.717 |
292.005 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5.189 |
3.199 |
2.234 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) 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 |
2.000 |
2.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.254 |
0.254 |
0.255 |
|
(e) Other Non-current assets |
0.915 |
0.915 |
0.000 |
|
Total
Non-Current Assets |
8.358 |
6.368 |
2.489 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
240.072 |
308.854 |
212.667 |
|
(d) Cash and cash equivalents |
86.963 |
79.601 |
64.181 |
|
(e) Short-term loans and
advances |
35.952 |
82.894 |
12.668 |
|
(f) Other current assets |
3.410 |
0.000 |
0.000 |
|
Total
Current Assets |
366.397 |
471.349 |
289.516 |
|
|
|
|
|
|
TOTAL |
374.755 |
477.717 |
292.005 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3129.567 |
2908.063 |
2066.387 |
|
|
Other Income |
19.119 |
11.492 |
21.999 |
|
|
TOTAL
|
3148.686 |
2919.555 |
2088.386 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
3080.245 |
2819.124 |
1992.026 |
|
|
Employees benefits expense |
3.496 |
3.043 |
3.340 |
|
|
Other expenses |
7.314 |
5.993 |
3.840 |
|
|
TOTAL |
3091.055 |
2828.160 |
1999.206 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
57.631 |
91.395 |
89.180 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
45.392 |
81.990 |
79.960 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
12.239 |
9.405 |
9.220 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.367 |
0.313 |
0.231 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
11.872 |
9.092 |
8.989 |
|
|
|
|
|
|
|
Less |
TAX |
3.928 |
2.847 |
2.793 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
7.944 |
6.245 |
6.196 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
31.77 |
24.98 |
24.84 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.165 |
0.167 |
NA |
|
Net cash flow from (used in) operations |
(21.703) |
(10.515) |
9.894 |
|
Net cash flow from operating activities |
(44.750) |
(24.853) |
11.158 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
28.00 |
38.77 |
37.56 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
13.04 |
9.42 |
9.72 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
5.81 |
31.47 |
17.36 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
11.11 |
28.57 |
39.92 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.87 |
0.91 |
0.88 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
5.36 |
4.61 |
4.44 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
6.57 |
10.53 |
7.28 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.11 |
0.08 |
0.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.27 |
1.11 |
1.12 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
0.25 |
0.21 |
0.30 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.12 |
1.31 |
2.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
16.11 |
15.10 |
17.64 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.13 |
1.08 |
1.13 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.13 |
1.08 |
1.13 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.13 |
0.09 |
0.12 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
105.67 |
76.24 |
62.44 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.13 |
1.08 |
1.13 |
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 |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
32.625 |
38.870 |
46.814 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
35.125 |
41.370 |
49.314 |
|
|
|
|
|
|
long-term borrowings |
1.206 |
0.654 |
1.495 |
|
Short term borrowings |
154.893 |
189.775 |
262.517 |
|
Total borrowings |
156.099 |
190.429 |
264.012 |
|
Debt/Equity ratio |
4.444 |
4.603 |
5.354 |
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
|
2066.387 |
2908.063 |
3129.567 |
|
|
|
40.732 |
7.617 |
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
|
2066.387 |
2908.063 |
3129.567 |
|
Profit |
6.196 |
6.245 |
7.944 |
|
|
0.30% |
0.21% |
0.25% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
CORPORATE INFORMATION
The Company is a Trader and Importer of Imported Waste Paper and Indigenous Waste Paper and Chemicals. The Registered Office of the Company are located in Vapi, South Gujarat.
STATE OF COMPANY’S
AFFAIRS
During the year, the total Income of the Company was INR 3129.567 million against INR 2908.063 million in the previous year. During the period, The Company has earned a Profit after tax of INR 7.944 million compared to INR 6.245 million in the previous year.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
1.495 |
0.654 |
|
Total |
1.495 |
0.654 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G08490724 |
10584297 |
DBS Bank Limited |
05/08/2015 |
26/07/2016 |
- |
200000000.0 |
Shree Ambika Auto, Opposite to ONGC, Bhatpore, GIDC, Surat – 394510, India |
|
2 |
G08489239 |
10584298 |
DBS Bank Limited |
13/07/2015 |
26/07/2016 |
- |
19000000.0 |
Shree Ambika Auto, Opposite to ONGC, Bhatpore, GIDC, Surat – 394510, India |
|
3 |
C50560697 |
10562586 |
DBS Bank Limited |
17/04/2015 |
- |
- |
10100000.0 |
2nd Floor, Shri Ambica Auto, Plot No.10, GIDC Bhatpore, Surat – 394510, India |
|
4 |
C49308109 |
10302654 |
KOTAK MAHINDRA BANK LIMITED |
10/08/2011 |
08/04/2015 |
- |
100000000.0 |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
5 |
C67485474 |
10434244 |
YES BANK LIMITED |
09/05/2013 |
- |
14/10/2015 |
70000000.0 |
9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
|
6 |
B84990621 |
10156871 |
STATE BANK OF INDIA |
06/04/2009 |
24/12/2010 |
27/08/2013 |
73300000.0 |
Specialised Commercial Branch, GIDC, Vapi – 396195, India |
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
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 65.05 |
|
|
1 |
INR 89.69 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
NO |
|
--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.