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|
|
MIRA INFORM REPORT
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Report No. : |
496115 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
WEENER EMPIRE PLASTICS PRIVATE LIMITED (w.e.f.
09.10.2014) |
|
|
|
|
Formerly Known
As : |
WEENER EMPIRE PLASTICS LIMITED (w.e.f. 15.05.2008) EMPIRE PLASTICS LIMITED |
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Registered
Office : |
Western Edge 1, Unit No. 306, Off. Western Express, Highway, Dattapada Magathane, Borivali (East), Mumbai – 400066, Maharashtra |
|
Mobile No.: |
91-9890244105 (Mr. Pankaj N.
Gore) |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
17.07.1995 |
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|
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Com. Reg. No.: |
11-090697 |
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Capital
Investment / Paid-up Capital : |
INR 69.693 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129MH1995PTC090697 |
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|
IEC No.: [Import-Export
Code No.] |
0395039703 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACE5238K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is mainly engaged in the business of manufacturing of plastic packaging products and bottle caps. (Registered activity) |
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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 : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Weener Plastic GMBH, Germany” incorporated
in the year 1995 and it is having fine track record. The subject is engaged as manufacturer and supplier of plastic packaging products and bottle caps. For the financial year 2017, the company has achieved decent growth of 7.22 in its revenue as compared to its previous year along with average profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its established track record of its business operations backed by its well-experienced promoters along with strong financial and managerial support from its holding entity. However, these rating strength gets partially offset by vulnerability of its operating margins to volatility in raw material prices and working capital intensive operations. Payments seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term rating: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
21.02.2018 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
21.02.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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. Pankaj N. Gore |
|
Designation : |
Project Manager |
|
Contact No.: |
91-9890244105 |
|
Date : |
06.03.2018 |
91-22-24005000/28455391– not working
LOCATIONS
|
Registered Office / Corporate Office : |
Western Edge 1, Unit No. 306, Off. Western Express, Highway, Dattapada Magathane, Borivali (East), Mumbai – 400066, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9890244105 (Mr. Pankaj N.
Gore) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
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Locality : |
Industrial |
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Factories : |
Located At:
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DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Abhinav Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
Mahek Bunglow No.2, Krishna Regency, Sunder Nagar, Malad (West),
Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1985 |
|
Qualification : |
Plastic Engineer |
|
Date of Appointment : |
18.12.2013 |
|
PAN No.: |
AHDPG2268E |
|
DIN No.: |
02042048 |
|
|
|
|
Name : |
Mr. Gabriele Elisabeth Maria Beckmann |
|
Designation : |
Director |
|
Address : |
Moserstrabe 31, Osnabruck, 49074, Germany |
|
Date of Birth/Age : |
12.05.1982 |
|
Date of Appointment : |
21.12.2013 |
|
DIN No.: |
06757778 |
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|
|
|
Name : |
Mr. Roelof Wiebe Zeevat |
|
Designation : |
Director |
|
Address : |
Goordijkstraat 31, Merksplas, 2330, Belgium |
|
Date of Birth/Age : |
29.09.1968 |
|
Date of Appointment : |
21.12.2013 |
|
DIN No.: |
06757802 |
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|
|
|
Name : |
Mr. Ralf Hinrich Sonnenberg |
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Designation : |
Director |
|
Address : |
Holthuser Strabe 15, Weener, 26826, Germany |
|
Date of Birth/Age : |
01.03.1967 |
|
Date of Appointment : |
21.12.2013 |
|
DIN No.: |
06763762 |
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|
|
|
Name : |
Mr. Dahyalal Ramanlal Pandya |
|
Designation : |
Additional Director |
|
Address : |
G/728, 7th Floor, Earth Residency, Deep Narayan, Dube Road Opposite .St. Xaviers School Ambawadi, Dahisar (East), Mumbai - 400068, Maharashtra, India |
|
Date of Birth/Age : |
24.11.1975 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
21.05.2015 |
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PAN No.: |
ADLPP0193P |
|
DIN No.: |
07216306 |
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|
|
|
Name : |
Mr. Alok Kumar Jain |
|
Designation : |
Director |
|
Address : |
1004, Bhoomi Arcade CHS, Building No. 1, Atmaram Sawant Marg, Kandivali (East), Mumbai- 400101, Maharashtra, India |
|
Date of Birth/Age : |
16.01.1980 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
21.05.2015 |
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PAN No.: |
AHTPJ2688P |
|
DIN No.: |
07216341 |
KEY EXECUTIVES
|
Name : |
Mr. Pankaj N. Gore |
|
Designation : |
Project Manager |
|
|
|
|
Name : |
Mr. Dahyalal Ramanlal Pandya |
|
Designation : |
Chief Executive Officer |
|
Address : |
G-728, Earth Residency, D. N. Dubey Road, Near Street Xavier's School, Ambavadi, Dahisar (East), Mumbai - 400068, Maharashtra, India |
|
Date of Birth/Age : |
24.11.1975 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
24.03.2015 |
|
PAN No.: |
ADLPP0193P |
|
|
|
|
Name : |
Mr. Alok Kumar Jain |
|
Designation : |
Chief Finance Officer |
|
Address : |
1004, Bhoomi Arcade CHS, Building No. 1, Atmaram Sawant Marg, Kandivali (East), Mumbai- 400101, Maharashtra, India |
|
Date of Birth/Age : |
16.01.1980 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
24.03.2015 |
|
PAN No.: |
AHTPJ2688P |
|
|
|
|
Name : |
Ms. Gitanjali Rawat |
|
Designation : |
Secretary |
|
Address : |
Flat No. 302, Building No. A 8, Saket Complex, Thane (West), Thane - 400601, Maharashtra, India |
|
Date of Appointment : |
31.03.2015 |
|
PAN No.: |
ALBPK5164F |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Weener Plastik GmbH, Germany |
|
6969341 |
|
Avinash Brijlal Gupta Jointly with Abhinav Gupta |
|
1 |
|
Abhinav A. Gupta |
|
1 |
|
Alok Kumar Jain |
|
1 |
|
Subramanian Ramaswamy |
|
1 |
|
Neelam Avinash Gupta |
|
1 |
|
Total |
|
6969346 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Public/Other than promoters - Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is mainly engaged in the business of manufacturing of plastic packaging products and bottle caps. (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 denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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|
Name : |
SRBC and Company LLP Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar(West), Mumbai-400 028, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9117R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
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Other related
party: |
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Fellow
Subsidiary Company: |
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CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6969346 |
Equity Shares |
INR 10/- each |
INR 69.693
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 |
69.693 |
69.693 |
69.693 |
|
(b) Reserves and Surplus |
734.528 |
691.514 |
639.434 |
|
(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) |
804.221 |
761.207 |
709.127 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
471.297 |
110.718 |
170.818 |
|
(b) Deferred tax liabilities (Net) |
80.226 |
73.253 |
61.132 |
|
(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) |
551.523 |
183.971 |
231.950 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
170.517 |
444.635 |
372.321 |
|
(b) Trade
payables |
200.303 |
160.884 |
131.305 |
|
(c) Other
current liabilities |
133.969 |
106.514 |
120.567 |
|
(d) Short-term
provisions |
15.191 |
17.553 |
18.851 |
|
Total Current
Liabilities (4) |
519.980 |
729.586 |
643.044 |
|
|
|
|
|
|
TOTAL |
1875.724 |
1674.764 |
1584.121 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1033.189 |
967.373 |
912.167 |
|
(ii)
Intangible Assets |
2.161 |
1.206 |
0.715 |
|
(iii) Tangible assets
capital work-in-progress |
3.656 |
13.191 |
0.681 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
43.449 |
52.782 |
35.734 |
|
(e) Other
Non-current assets |
11.306 |
7.865 |
6.748 |
|
Total Non-Current
Assets |
1093.761 |
1042.417 |
956.045 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
291.421 |
213.335 |
188.262 |
|
(c) Trade
receivables |
372.380 |
326.827 |
352.410 |
|
(d) Cash and
bank balances |
1.914 |
4.666 |
2.269 |
|
(e)
Short-term loans and advances |
86.914 |
81.730 |
83.968 |
|
(f) Other
current assets |
29.334 |
5.789 |
1.167 |
|
Total
Current Assets |
781.963 |
632.347 |
628.076 |
|
|
|
|
|
|
TOTAL |
1875.724 |
1674.764 |
1584.121 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2026.038 |
1889.664 |
2020.414 |
|
|
Other Income |
10.512 |
39.077 |
13.498 |
|
|
TOTAL |
2036.550 |
1928.741 |
2033.912 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1143.166 |
1044.052 |
1212.846 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(58.172) |
4.977 |
(19.631) |
|
|
Employee benefit expense |
147.097 |
132.529 |
114.187 |
|
|
Other expenses |
522.356 |
468.344 |
466.822 |
|
|
TOTAL |
1754.447 |
1649.902 |
1774.224 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
282.103 |
278.839 |
259.688 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
74.516 |
70.354 |
67.336 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
207.587 |
208.485 |
192.352 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
141.152 |
131.512 |
96.297 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
66.435 |
76.973 |
96.055 |
|
|
|
|
|
|
|
Less |
TAX |
23.422 |
24.893 |
29.712 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
43.013 |
52.080 |
66.343 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
34.139 |
28.181 |
|
|
TOTAL EARNINGS |
NA |
34.139 |
28.181 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
6.17 |
7.47 |
9.52 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
48.585 |
0.000 |
72.573 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
66.435 |
76.973 |
218.727 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
89.179 |
97.262 |
231.922 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
67.09 |
63.13 |
63.66 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.44 |
5.78 |
5.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
63.95 |
56.24 |
39.52 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.97 |
1.31 |
1.38 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.27 |
0.28 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.55 |
0.50 |
0.56 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.86 |
0.73 |
0.87 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.65 |
0.96 |
0.91 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.29 |
1.29 |
1.29 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.79 |
3.96 |
3.86 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.12 |
2.76 |
3.28 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.29 |
3.11 |
4.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.35 |
6.84 |
9.36 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.50 |
0.87 |
0.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.94 |
0.57 |
0.68 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.43 |
0.45 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.91 |
7.97 |
8.83 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.50 |
0.87 |
0.98 |
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 |
69.693 |
69.693 |
69.693 |
|
Reserves & Surplus |
639.434 |
691.514 |
734.528 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
709.127 |
761.207 |
804.221 |
|
|
|
|
|
|
Long-term borrowings |
170.816 |
110.718 |
471.297 |
|
Short term borrowings |
372.321 |
444.635 |
170.517 |
|
Current maturities of
long-term debts |
72.573 |
0.000 |
48.585 |
|
Total
borrowings |
615.710 |
555.353 |
690.399 |
|
Debt/Equity
ratio |
0.868 |
0.730 |
0.858 |
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 |
2020.414 |
1889.664 |
2026.038 |
|
|
|
(6.471) |
7.217 |
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 |
2020.414 |
1889.664 |
2026.038 |
|
Profit/ (Loss) |
66.343 |
52.080 |
43.013 |
|
|
3.28
% |
2.76
% |
2.12
% |
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 |
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 |
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 |
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
Subject is a Company engaged in the manufacture and supply of quality packaging to its customers in and outside India
BRIEF DESCRIPTION OF THE COMPANY'S WORKING
DURING THE YEAR/STATE OF COMPANY'S AFFAIR:
The company’s gross profit is increase marginally by 6% in terms of gross revenue which increased from INR 2093.576 Million in Financial Year 2015-16 to INR 2224.539 Million in Financial Year 2016-17 and profit after tax decreased by 14% from INR 76.973 Million to INR 66.435 Million respectively.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Rupee term loans from others |
364.000 |
0.000 |
|
Other external commercial borrowings |
32.754 |
35.524 |
|
Total |
396.754 |
35.524 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G75937474 |
100153939 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED |
04/01/2018 |
- |
117800000.0 |
52/60 MAHATMA
GANDHI ROAD, P O BOX 128MUMBAIMH400001IN |
|
2 |
A52557170 |
10133357 |
ING VYSYA BANK
LIMITED |
20/10/2008 |
- |
28000000.0 |
FIRST FLOOR
""A"" WING SHANTI COMMERCIAL COMPLEXNEAR MIRA ROAD RLY. STATION
MIRA ROAD (EAST)THANEMH401107IN |
|
3 |
A32208613 |
10065367 |
ING VYSYA BANK
LIMITED |
17/08/2007 |
01/11/2007 |
60000000.0 |
MITTAL TOWERS
A-WINGGROUND FLOOR 210 NARIMAN POINTMUMBAIMH400021IN |
|
4 |
A52557493 |
10065463 |
ING VYSYA BANK LIMITED |
17/08/2007 |
03/12/2008 |
16761000.0 |
FIRST FLOOR
""A"" WING SHANTI COMMERCIAL COMPLEXNEAR MIRA ROAD RLY.
STATION MIRA ROAD (EAST)THANEMH401107IN |
|
5 |
A03791803 |
10017065 |
THE MALAD SAHAKARI
BANK LTD. |
18/07/2006 |
- |
1750000.0 |
6, SUJATA , RANI
SATI MARG , MALAD (EAST)MUMBAIMH400097IN |
|
6 |
G47149539 |
90144557 |
KOTAK MAHINDRA
BANK LIMITED |
30/06/2003 |
03/06/2017 |
338900000.0 |
27BKC, C 27, G
BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMH400051IN |
|
7 |
Z00181112 |
80036587 |
THE MALAD SAHAKARI
BANK LIMITED |
04/12/2001 |
- |
2000000.0 |
6,SUJATA, RANI
SATI MARG,MALAD (E)MUMBAIMH400097IN |
|
8 |
Z00181128 |
80036588 |
THE MALAD SAHAKARI
BANK LIMITD |
17/08/2001 |
- |
1000000.0 |
6, SUJATA, RANI SATI
MARG,MALAD (EAST)MUMBAIMH400097IN |
|
9 |
Z00181141 |
80036589 |
THE MALAD SAHAKARI
BANK LIMITED |
04/01/2000 |
- |
3000000.0 |
5,SUJATA, RANI
SATI MARG,MALA (EAST)MUMBAIMH400097IN |
|
10 |
Y10333828 |
90231037 |
THE MALAD SHEKARI
BANK LIMITED |
10/09/1999 |
- |
500000.0 |
5 SUJATA ;RANI
SATI MARGMALADMHIN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 89.70 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.