|
|
|
MIRA INFORM REPORT
|
Report No. : |
496118 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRATAP ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-481/4, TTC, MIDC, Pawana Village, Thane Belapur Road, Navi Mumbai –
400701, Maharashtra |
|
Tel. No.: |
91-22-27670445, 27633555 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
22.08.2006 |
|
|
|
|
Com. Reg. No.: |
11-163960 |
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|
Capital
Investment / Paid-up Capital : |
INR 7.184 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2006PTC163960 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
|
PAN No.: [Permanent Account No.] |
AAECP9290Q |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
The company is basically engaged in the business of manufacturing and exporting of Bulk drugs intermediates and Specialty Chemicals. (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 : |
Satisfactory |
|
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|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2006 and it is a manufacturer of
organic and inorganic chemical compounds. As per financials of March 2017, the company has registered a growth
of 18.36% in its revenue as compared to its previous year’s revenue and has
reported good profit margin of 8.94% under review. Rating takes into consideration the company’s satisfactory track
record of business operation marked by sound net worth base along with
comfortable debt coverage indicators and decent liquidity position. Further, the company has reported a good earnings per share of INR
38.44 against its face value of INR 10. Payments seems to be usually 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
|
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 07.03.2018
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 : |
Ms. Jaya |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-27670445 |
|
Date : |
06.18.2018 |
Tel. No.: 91-22-27633555 – Continuously ringing
LOCATIONS
|
Registered Office/ Factory : |
C-481/4, TTC, MIDC, Pawana Village, Thane Belapur Road, Navi Mumbai –
400701, Maharashtra, India |
|
Tel. No.: |
91-22-27670445, 27633555 |
|
Fax No.: |
91-22-27670445 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Pratapsingh Gulabrao Deshmukh |
|
Designation : |
Director |
|
Address : |
3/1, Siddhivinayak Sivparvati Complex, Sector - 21, Opposite Nerul Station, Nerul, Navi Mumbai – 400706, Maharashtra, India |
|
Date of Birth/Age : |
09.01.1946 |
|
Date of Appointment : |
22.08.2006 |
|
DIN No.: |
02559726 |
|
|
|
|
Name : |
Mr. Amit Pratapsinh Deshmukh |
|
Designation : |
Director |
|
Address : |
3/1, Shiv Parvati Complex, Siddhivinayak, Sector - 21, Nerul, Navi Mumbai -400706, Maharashtra, India |
|
Date of Birth/Age : |
29.12.1976 |
|
Date of Appointment : |
22.08.2006 |
|
DIN No.: |
02559744 |
|
|
|
|
Name : |
Mr. Mohan Shinde |
|
Designation : |
Director |
|
Address : |
Fl-103, Pl-1, Sec 16, Sanpada, E-4, Opal Bldg, Moraj Resi, Sanpada – (East) Navi Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1956 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
02559778 |
KEY EXECUTIVES
|
Name : |
Ms. Jaya |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Pratapsingh Gulabrao Deshmukh |
|
359199 |
|
Amit Pratap Deshmukh |
|
276447 |
|
Amit Pratap Deshmukh jointly with Pratapsingh Gulabrao
Deshmukh |
|
82415 |
|
Ajitsinh Pratapsingh Deshmukh |
|
112 |
|
Pushpalata Pratapsingh Deshmukh |
|
112 |
|
Anuya Amit Dashmukh |
|
112 |
|
Mohan Sadasive Shinda |
|
2 |
|
Total |
|
718399 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is basically engaged in the business of manufacturing and exporting of Bulk drugs intermediates and Specialty Chemicals. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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 : |
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Facilities : |
Nature of
Security: Vehicle loan from Diamler Financial Services is secured by hypothecation of vehicle. Terms of Repayment Rupee Loans from Financial Institutions are repayable in 3-4 years from the date of loan. Interest rate on these loans are ranging between 7.50% to 10.50% |
|
Auditors : |
|
|
Name : |
Jayesh Sanghrajka and Company LLP Chartered Accountants |
|
Address : |
405-408, Hind Rajasthan Centre, 95, D.S. Phalke Road, Dadar (East), Mumbai – 400014, Maharashtra, India |
|
Tel. No.: |
91-22-40774600 |
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E-Mail : |
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|
Website : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFJ9072C |
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|
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Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates: |
U74999MH2014PTC257477 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
718399 |
Equity Shares |
INR 10/- each |
INR 7.184
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7.184 |
7.184 |
7.184 |
|
(b) Reserves & Surplus |
133.328 |
105.713 |
76.520 |
|
(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) |
140.512 |
112.897 |
83.704 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
110.661 |
69.406 |
41.303 |
|
(b) Deferred tax liabilities
(Net) |
5.844 |
9.409 |
8.796 |
|
(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) |
116.505 |
78.815 |
50.099 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
35.907 |
22.794 |
36.826 |
|
(b) Trade payables |
38.960 |
41.558 |
45.769 |
|
(c) Other current liabilities |
27.878 |
18.612 |
21.909 |
|
(d) Short-term provisions |
17.680 |
11.592 |
8.382 |
|
Total
Current Liabilities (4) |
120.425 |
94.556 |
112.886 |
|
|
|
|
|
|
TOTAL |
377.442 |
286.268 |
246.689 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
250.097 |
136.009 |
132.249 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
8.365 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.690 |
2.805 |
0.050 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
9.610 |
9.610 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
251.787 |
156.789 |
141.909 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
10.939 |
7.425 |
5.521 |
|
(c) Trade receivables |
44.233 |
43.493 |
57.025 |
|
(d) Cash and cash equivalents |
6.501 |
36.933 |
4.417 |
|
(e) Short-term loans and
advances |
14.703 |
13.290 |
3.185 |
|
(f) Other current assets |
49.279 |
28.338 |
34.632 |
|
Total
Current Assets |
125.655 |
129.479 |
104.780 |
|
|
|
|
|
|
TOTAL |
377.442 |
286.268 |
246.689 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
308.970 |
261.040 |
248.409 |
|
|
Other Income |
4.515 |
4.090 |
3.951 |
|
|
TOTAL
|
313.485 |
265.130 |
252.360 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
100.052 |
93.643 |
88.089 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(3.515) |
(1.904) |
1.714 |
|
|
Employees benefits expense |
26.555 |
22.369 |
14.283 |
|
|
Foreign Exchange Loss |
0.606 |
(0.710) |
1.875 |
|
|
Prior Period Items |
0.000 |
0.531 |
0.000 |
|
|
Research and Development
Expenses |
6.203 |
5.898 |
5.213 |
|
|
Other expenses |
96.945 |
92.913 |
93.325 |
|
|
TOTAL |
226.846 |
212.740 |
204.499 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
86.639 |
52.390 |
47.861 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.511 |
3.780 |
7.129 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
82.128 |
48.610 |
40.732 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
43.832 |
10.070 |
8.471 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
38.296 |
38.540 |
32.261 |
|
|
|
|
|
|
|
Less |
TAX |
10.681 |
9.347 |
9.632 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
27.615 |
29.193 |
22.629 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
105.713 |
76.520 |
53.891 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
133.328 |
105.713 |
76.520 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
(0.710) |
0.606 |
1.876 |
|
|
TOTAL
EARNINGS |
(0.710) |
0.606 |
1.876 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
38.44 |
40.64 |
31.50 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
2.900 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
67.838 |
46.519 |
28.783 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
52.25 |
60.81 |
83.79 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.99 |
6.00 |
4.36 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
142.13 |
161.98 |
189.65 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
7.92 |
7.06 |
8.67 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.35 |
0.36 |
0.36 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.61 |
0.57 |
0.64 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.04 |
0.82 |
0.97 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.86 |
0.84 |
1.35 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.78 |
1.28 |
1.58 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
19.21 |
13.86 |
6.71 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
8.94 |
11.18 |
9.11 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.32 |
10.20 |
9.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
19.65 |
25.86 |
27.03 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.04 |
1.37 |
0.93 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.95 |
1.29 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.37 |
0.39 |
0.34 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
20.40 |
12.83 |
11.28 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.04 |
1.37 |
0.93 |
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 |
7.184 |
7.184 |
7.184 |
|
Reserves & Surplus |
76.520 |
105.713 |
133.328 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
83.704 |
112.897 |
140.512 |
|
|
|
|
|
|
Long Term borrowings |
41.303 |
69.406 |
110.661 |
|
Short Term borrowings |
36.826 |
22.794 |
35.907 |
|
Current Maturities of Long term debt |
2.900 |
0.000 |
0.000 |
|
Total
borrowings |
81.029 |
92.200 |
146.568 |
|
Debt/Equity
ratio |
0.968 |
0.817 |
1.043 |
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
|
248.409 |
261.040 |
308.970 |
|
|
|
5.085 |
18.361 |
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
|
248.409 |
261.040 |
308.970 |
|
Profit |
22.629 |
29.193 |
27.615 |
|
|
9.11% |
11.18% |
8.94% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
7.184 |
7.184 |
|
(b) Reserves & Surplus |
|
133.278 |
105.672 |
|
(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) |
|
140.462 |
112.856 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
110.661 |
69.406 |
|
(b) Deferred tax liabilities
(Net) |
|
5.844 |
9.409 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
116.505 |
78.815 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
35.907 |
22.794 |
|
(b) Trade payables |
|
38.960 |
41.558 |
|
(c) Other current liabilities |
|
27.878 |
18.612 |
|
(d) Short-term provisions |
|
17.680 |
11.592 |
|
Total
Current Liabilities (4) |
|
120.425 |
94.556 |
|
|
|
|
|
|
TOTAL |
|
377.392 |
286.227 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
250.097 |
136.009 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
8.366 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.640 |
2.764 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
9.610 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
251.737 |
156.749 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
10.939 |
7.425 |
|
(c) Trade receivables |
|
44.233 |
43.493 |
|
(d) Cash and cash equivalents |
|
6.501 |
36.933 |
|
(e) Short-term loans and
advances |
|
14.703 |
13.290 |
|
(f) Other current assets |
|
49.279 |
28.337 |
|
Total
Current Assets |
|
125.655 |
129.478 |
|
|
|
|
|
|
TOTAL |
|
377.392 |
286.227 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
308.970 |
261.040 |
|
|
Other Income |
|
4.515 |
4.090 |
|
|
TOTAL |
|
313.485 |
265.130 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
100.052 |
93.643 |
|
|
Purchases of Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(3.515) |
(1.904) |
|
|
Employees benefits expense |
|
26.555 |
22.369 |
|
|
Foreign Exchange Loss |
|
0.606 |
(0.710) |
|
|
Prior Period Items |
|
0.000 |
0.531 |
|
|
Research and Development
Expenses |
|
6.202 |
5.898 |
|
|
Share of Profit (Loss) of
Associates |
|
0.009 |
0.008 |
|
|
Other expenses |
|
96.945 |
92.913 |
|
|
TOTAL |
|
226.854 |
212.748 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
86.631 |
52.382 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
4.511 |
3.780 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
82.120 |
48.602 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
43.833 |
10.070 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
38.287 |
38.532 |
|
|
|
|
|
|
|
Less |
TAX |
|
10.681 |
9.347 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
27.606 |
29.185 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
38.43 |
40.63 |
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 |
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 |
PERFORMANCE REVIEW
During the year the turnover of the company has increased from INR 261.040 Million to INR 308.970 Million and the Net profit after tax has decreased from INR 29.193 Million to INR 27.615 Million during the period.
CHANGE IN THE NATURE
OF BUSINESS
The company is basically engaged in the business of manufacturing and exporting of Bulk drugs intermediates and Specialty Chemicals. The Company has ISO 9001:2000 certified modern plant, located at Thane Belapur road, Navi-Mumbai, India, boasts of well-equipped analytical as well as R&D laboratories and there has been no change in the nature of Business during the year under review.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loan from banks |
28.849 |
25.988 |
|
|
|
|
|
Total |
28.849 |
25.988 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G38589891 |
100083919 |
HDFC BANK LIMITED |
06/02/2017 |
- |
- |
42000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
G09995093 |
100046002 |
Citi Bank N.A. |
22/03/2016 |
- |
- |
50000000.0 |
First International Financial Centre, 9th FloorPlot No. C-54 & 55, G-Block, BKC, Bandra(E)MumbaiMH400051IN |
|
3 |
G54269253 |
100045989 |
Citi Bank N.A. |
22/03/2016 |
21/08/2017 |
- |
58000000.0 |
First International Financial Centre, 9th FloorPlot No. C-54 & 55, G-Block, BKC, Bandra(E)MumbaiMH400051IN |
|
4 |
C33171927 |
10516564 |
HDFC BANK LIMITED |
08/08/2014 |
13/11/2014 |
- |
20000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
B69703163 |
10408224 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
09/02/2013 |
- |
- |
52500000.0 |
SMALL AND MEDIUM ENTERPRISE BRANCH,PRABHAT BHAVAN, BLOCK B,96 LBS MARG, VIKHROLI (W),MUMBAIMH400083IN |
|
6 |
B44909398 |
10368532 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
16/07/2012 |
- |
- |
10000000.0 |
SME BRANCH, PRABHAT BHAVAN, BLOCK B, 1ST FLOOR,96, L. B. S. MARG, OPP. CIPLA, VIKHROLI(WEST),MUMBAIMH400083IN |
|
7 |
B38718060 |
10352223 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
30/03/2012 |
30/03/2012 |
- |
35000000.0 |
SME, BRANCH, PRABHAT BHAVAN, BLOCK B, 1ST FLOOR,96, LBS. MARG, OPP. CIPLA, VIKHROLI(W),MUMBAIMH400083IN |
FIXED ASSETS
·
Land
·
Building
·
Plant and Equipment
·
Lab Equipment
·
Furniture and Fixture
·
Vehicles
·
Office Equipment
·
Computer and Printers
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 65.99 |
|
|
1 |
INR 89.90 |
|
Euro |
1 |
INR 80.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
VIV |
|
|
|
|
Analysis Done by
: |
SWT |
|
|
|
|
Report Prepared
by : |
SUJ |
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.