|
|
|
MIRA INFORM REPORT
|
Report No. : |
495887 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
UNITOP CHEMICALS PRIVATE LIMITED (w.e.f. 18.05.2001) |
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|
|
|
Formerly Known
As : |
UNITOP CHEMICALS LIMITED (w.e.f. 01.07.1996) UNITOP CHEMICALS PRIVATE LIMITED |
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|
Registered
Office : |
Plot No A-18, Patal Ganga, District – Raigad, Raigad – 410220,
Maharashtra |
|
Tel. No.: |
91-2192-250083 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
11.08.1980 |
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|
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|
Com. Reg. No.: |
11-022967 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 3.467 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1980PTC022967 |
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|
|
|
IEC No.: |
0388120614 |
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TIN No.: |
27510404497 |
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|
|
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PAN No.: [Permanent Account No.] |
AAACU1406F |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACU1406F1ZS |
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|
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing of Agro Based Chemicals (Registered activity) |
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|
|
|
No. of Employees
: |
Not Available |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 2448000 |
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|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1980 and it
is having fine track records. Management of the company has not filed its financials of 2017 with
government department. As per available financial of 2016, the company has increased its
revenue from operation as compared to previous year and maintained decent
profitability margin of 5.74%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and low debt balance sheet. Further, rating also derives strength from its long track records of
business operation and healthy improvement in the revenue as well as
profitability during the year. Trade relations are reported as fair. Business is active. Payments terms
are seems to be regular. In view of the aforesaid, the company can be considered for business
dealings at usual trade terms and conditions.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
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 |
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 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.
LOCATIONS
|
Registered Office / Factory 1 : |
Plot No A-18, Patal Ganga, District – Raigad, Raigad – 410220,
Maharashtra, India |
|
Tel. No.: |
91-2192-250083 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office : |
Unitop House, C-Wing, East West Estate, Safed Pool, Andheri-Kurla Road, Mumbai – 400072, Maharashtra, India |
|
Tel No.: |
91-22-28529800 |
|
Fax No.: |
91-22-28513247 |
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|
|
|
Factory : |
Also Located at
: · Dahej – Gujarat · Udhampur – Jammu and Kashmir |
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|
R & D Centre : |
Located at : ·
Mumbai |
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Branch Offices : |
Also located at
: ·
Ahmedabad ·
Vadodara ·
Bangalore ·
Kolkata ·
Hyderabad ·
Chennai ·
Delhi ·
Nagpur ·
Jaipur ·
Cochin |
DIRECTORS
As on 2017
|
Name : |
Mr. Dharmaraj Subbanna Shetty |
||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||
|
Address : |
B-1101, Eternia, Hirnandani Gardens, Powai, Mumbai - 400076,
Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
19.01.1947 |
||||||||||||||||||||||||
|
Date of Appointment : |
12.03.1984 |
||||||||||||||||||||||||
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PAN No.: |
AAQPS2318R |
||||||||||||||||||||||||
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DIN No.: |
00221055 |
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Other Directorship:
|
|||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Name : |
Mr. Balakrishna Rajiv Shetty |
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|
Designation : |
Whole-Time Director |
||||||||||||||||||||||||
|
Address : |
Flat-603, Legacy, Off Vikhroli Jogeswari Link Road, Powai Vihar,
Mumbai - 400076, Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
31.03.1957 |
||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2003 |
||||||||||||||||||||||||
|
PAN No.: |
ABBPS3536R |
||||||||||||||||||||||||
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DIN No.: |
00185693 |
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Other Directorship:
|
|||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Name : |
Mr. Saibala Dharmaraj Shetty |
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|
Designation : |
Director |
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|
Address : |
B-1101, Eternia, Hirnandani Gardens, Powai, Mumbai - 400076,
Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
26.12.1956 |
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Date of Appointment : |
05.09.1984 |
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PAN No.: |
ABAPS3863J |
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DIN No.: |
00220979 |
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Other Directorship:
|
|||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Name : |
Mr. Jeenanath Dharmaraj Shetty |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
B-1101, Eternia, Hiranandani Gardens, Powai, Mumbai - 400076,
Maharashtra, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
02.10.1976 |
||||||||||||||||||||||||
|
Date of Appointment : |
04.10.1999 |
||||||||||||||||||||||||
|
PAN No.: |
AAZPS9754N |
||||||||||||||||||||||||
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DIN No.: |
00185372 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Jagtap |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS
As on 30.09.2016
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Barkur Dharmaraj Shetty |
3452 |
9.96 |
|
Saibala Dharmaraj Shetty |
3400 |
9.81 |
|
Jeenanath Dharmaraj Shetty |
6085 |
17.55 |
|
Rajeshwari Dharmaraj Shetty |
6080 |
17.54 |
|
B.D.Shetty H.U.F |
3450 |
9.95 |
|
Techno Products(B) Private Limited, India |
6000 |
17.31 |
|
Barkur Trading and Finance Private Limited, India |
5750 |
16.58 |
|
Barkur Surfactants Private Limited, India |
450 |
1.30 |
|
Total |
34667 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
37.32 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
27.49 |
|
Public/Other than promoters (Body corporate) |
35.19 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Agro Based 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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
B B Shetty and Company Chartered Accountants |
|
Address : |
Flat No 452/4, Shantivan CHS Limited, New Link Road, Oshiwara, Andheri (West), Mumbai, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHPS3054M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Subsidiaries (As on 31.03.2016) : |
·
Barkur Sufarcants Private Limited CIN No.: U24110MH1982PTC027748 ·
Unitop Estate Private Limited CIN No.: U70102KA1995PTC019483 |
|
|
|
|
Associates (As on 31.03.2016) : |
·
Techno Products Private Limited CIN No.: U24110MH1982PTC027723 |
CAPITAL STRUCTURE
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 100/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
34667 |
Equity Shares |
INR 100/- each |
INR 3.467 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.467 |
3.467 |
3.467 |
|
(b) Reserves & Surplus |
853.452 |
777.171 |
755.973 |
|
(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) |
856.919 |
780.638 |
759.440 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
377.206 |
238.808 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
31.668 |
23.938 |
4.295 |
|
(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) |
408.874 |
262.746 |
4.295 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
96.475 |
34.930 |
42.526 |
|
(b) Trade payables |
133.229 |
153.145 |
70.530 |
|
(c) Other current liabilities |
7.688 |
4.889 |
4.289 |
|
(d) Short-term provisions |
12.118 |
6.611 |
0.347 |
|
Total
Current Liabilities (4) |
249.510 |
199.575 |
117.692 |
|
|
|
|
|
|
TOTAL |
1515.303 |
1242.959 |
881.427 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
692.369 |
730.118 |
61.215 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
418.907 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
18.909 |
18.909 |
45.180 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
5.175 |
3.954 |
39.252 |
|
Total
Non-Current Assets |
716.453 |
752.981 |
564.554 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
170.971 |
136.420 |
50.252 |
|
(c) Trade receivables |
303.186 |
182.104 |
80.801 |
|
(d) Cash and cash equivalents |
252.507 |
59.659 |
94.832 |
|
(e) Short-term loans and
advances |
72.186 |
111.795 |
90.988 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
798.850 |
489.978 |
316.873 |
|
|
|
|
|
|
TOTAL |
1515.303 |
1242.959 |
881.427 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1341.194 |
682.654 |
702.676 |
|
|
Other Income |
26.313 |
9.136 |
19.789 |
|
|
TOTAL
|
1367.507 |
691.790 |
722.465 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
959.444 |
549.510 |
566.354 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(37.855) |
(24.001) |
(5.049) |
|
|
Employees benefits expense |
58.104 |
35.257 |
28.195 |
|
|
Other expenses |
115.919 |
44.671 |
34.075 |
|
|
CSR Expenditure |
1.750 |
2.092 |
0.000 |
|
|
TOTAL |
1097.362 |
607.529 |
623.575 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
270.145 |
84.261 |
98.890 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
54.232 |
12.627 |
1.407 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
215.913 |
71.634 |
97.483 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
105.467 |
18.732 |
3.414 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
110.446 |
52.902 |
94.069 |
|
|
|
|
|
|
|
Less |
TAX |
33.430 |
31.261 |
27.910 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
77.016 |
21.641 |
66.159 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
262.632 |
196.981 |
210.412 |
|
|
TOTAL
EARNINGS |
262.632 |
196.981 |
210.412 |
|
|
|
|
|
|
|
|
Value
of Imports on (CIF Basis) |
NA |
13.267 |
24.864 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
2222.00 |
624.00 |
1908.41 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
130.729 |
(37.105) |
64.096 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
82.51 |
97.37 |
41.97 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.42 |
3.75 |
8.70 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
50.68 |
101.72 |
45.45 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.58 |
0.62 |
1.97 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.39 |
0.12 |
0.21 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.41 |
0.35 |
0.13 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.55 |
0.35 |
0.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.29 |
0.26 |
0.15 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.81 |
0.94 |
0.63 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.98 |
6.67 |
70.28 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.74 |
3.17 |
9.42 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.08 |
1.74 |
7.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
8.99 |
2.77 |
8.71 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
3.20 |
2.46 |
2.69 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.52 |
1.77 |
2.27 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.57 |
0.63 |
0.86 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
136.63 |
78.96 |
12.27 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
3.20 |
2.46 |
2.69 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR In
Million |
INR
In Million |
|
Share Capital |
3.467 |
3.467 |
3.467 |
|
Reserves & Surplus |
755.973 |
777.171 |
853.452 |
|
Net
worth |
759.440 |
780.638 |
856.919 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
238.808 |
377.206 |
|
Short term borrowings |
42.526 |
34.930 |
96.475 |
|
Total
borrowings |
42.526 |
273.738 |
473.681 |
|
Debt/Equity
ratio |
0.056 |
0.351 |
0.553 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
702.676 |
682.654 |
1341.194 |
|
|
|
(2.849) |
96.468 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
702.676 |
682.654 |
1341.194 |
|
Profit |
66.159 |
21.641 |
77.016 |
|
|
9.42% |
3.17% |
5.74% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
|
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
3.467 |
|
(b) Reserves & Surplus |
|
|
947.370 |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
|
|
(3) Minority Interest |
|
|
512.847 |
|
Total
Shareholders’ Funds |
|
|
1463.684 |
|
|
|
|
|
|
(4) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
402.434 |
|
(b) Deferred tax liabilities
(Net) |
|
|
33.960 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities |
|
|
436.394 |
|
|
|
|
|
|
(5) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
96.475 |
|
(b) Trade payables |
|
|
133.289 |
|
(c) Other current liabilities |
|
|
10.737 |
|
(d) Short-term provisions |
|
|
14.673 |
|
Total
Current Liabilities |
|
|
255.174 |
|
|
|
|
|
|
TOTAL |
|
|
2155.252 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
734.615 |
|
(ii) Intangible Assets |
|
|
0.921 |
|
(iii) Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
365.817 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other Non-current assets |
|
|
6.387 |
|
Total
Non-Current Assets |
|
|
1107.740 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
175.520 |
|
(c) Trade receivables |
|
|
306.496 |
|
(d) Cash and cash equivalents |
|
|
457.237 |
|
(e) Short-term loans and
advances |
|
|
108.259 |
|
(f) Other current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
1047.512 |
|
|
|
|
|
|
TOTAL |
|
|
2155.252 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
|
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
1383.126 |
|
|
Other Income |
|
|
46.821 |
|
|
TOTAL
|
|
|
1429.947 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
985.451 |
|
|
Purchases of Stock-in-Trade |
|
|
(37.855) |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
|
|
0.000 |
|
|
Employees benefits expense |
|
|
59.230 |
|
|
Other expenses |
|
|
124.690 |
|
|
CSR Expenditure |
|
|
1.750 |
|
|
TOTAL |
|
|
1133.266 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
296.681 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
54.263 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
242.418 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
|
110.265 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
|
132.153 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
37.638 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
|
94.515 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
|
2726.37 |
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 |
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 |
No |
|
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 |
OPERATIONS: (As on 31.03.2016)
The Company’s gross receipts for the year are of INR 1367.507 Million as against the previous year of INR 691.790 Million. Business during the current year is expected to be satisfactory.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
377.206 |
238.808 |
|
Total |
377.206 |
238.808 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C56757271 |
10461059 |
Citi Bank N.A. |
07/10/2013 |
27/05/2015 |
- |
170000000.0 |
First
International Financial Centre (FIFC) Plot No. C-54 and 55, BKC, Bandra (East),
Mumbai – 400051, Maharashtra, India |
|
2 |
C54488697 |
90150113 |
Vijaya Bank |
04/05/1988 |
21/08/1991 |
22/05/2015 |
1700000.0 |
Andheri (West),
Bombay – 400058, Maharashtra, India |
|
3 |
C54490925 |
90151344 |
Vijaya Bank |
30/07/1985 |
- |
22/05/2015 |
1636000.0 |
Excelsior
Building, Reveline Street, Bombay -400001, Maharashtra, India |
|
4 |
C54488176 |
10019278 |
Vijaya Bank |
05/09/2006 |
- |
22/05/2015 |
12000000.0 |
S. V. Road, Alka
Chambers, Andheri –(West), Mumbai – 400058, Maharashtra, India |
|
5 |
C54489315 |
90149645 |
Vijaya Bank |
16/07/1985 |
- |
22/05/2015 |
454000.0 |
Excelsior
Building, Reveline Street, Bombay -400001, Maharashtra, India |
|
6 |
C54489844 |
90150148 |
Vijaya Bank |
23/09/1989 |
21/08/1991 |
22/05/2015 |
1000000.0 |
Andheri (West),
Bombay – 400058, Maharashtra, India |
|
7 |
C54491212 |
90231265 |
Vijaya Bank |
03/12/2005 |
16/05/2006 |
22/05/2015 |
5330000.0 |
Alka Chambers,S.V.Road,
Andhei-(West), Mumbai – 400058, Maharashtra, India |
|
8 |
C54490107 |
90151746 |
Vijaya Bank |
02/09/1986 |
23/09/1989 |
22/05/2015 |
900000.0 |
Andheri (West),
Bombay – 400058, Maharashtra, India |
|
9 |
C54490487 |
90151761 |
Vijaya Bank |
04/05/1988 |
- |
22/05/2015 |
200000.0 |
Excelsior
Branch, Raveline St. Bombay – 400001, Maharashtra, India |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Equipment
- 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, India Prisons Service,
Interpol, etc.
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 |
|
UK Pound |
1 |
INR 80.03 |
|
Euro |
1 |
INR 89.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·