|
|
|
MIRA INFORM REPORT
|
Report No. : |
496200 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHRIJEE LIFESTYLE PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
PAREKH BROTHERS LIMITED |
|
|
|
|
Registered
Office : |
Office No. 501, 502, 503, 5th Floor, Raheja Centre, Plot No.214, Free Press Journal Marg, Nariman Point Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-22-67340400/ 22028200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
04.03.1944 |
|
|
|
|
Com. Reg. No.: |
11-004150 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 288.655 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920MH1944PTC004150 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK1560G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Processing, Digital Printing and Embroidery on all types of fabrics and garments. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 2800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Shrijee Lifestyle Private Limited company was incorporated in the year 1944. It is a manufacturer of readymade garments. For the financial year 2017, the company has achieved 3.35% growth in its revenue as compared to previous year revenue along with average profit margin of 2.86%. Rating takes into consideration sound financial profile of the company marked by adequate networth base along with negligible debt level. The rating also takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. Business is active. Payment seems to be usually correct. 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 |
CARE |
|
Rating |
Long term bank facilities: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
12.04.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
12.04.2017 |
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
MANAGEMENT NON-COOPERATIVE (91-22-67340400)
91-22-40544949 – NOT
WORKING
91-251-2451463 –
NUMBER IS CONTINUOUSLY RINGING
LOCATIONS
|
Registered Office : |
Office No. 501, 502, 503, 5th Floor, Raheja Centre, PlotNo.214, Free Press Journal Marg, Nariman Point Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-67340400 |
|
Fax No.: |
91-22-23678571/22087170 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Fabric Division : |
Plot No. C-29/ 30, MIDC Phase-1, Near Navrang Naka, Dombivali (East) –
421203, Maharashtra, India |
|
Tel. No.: |
91-251-6695600 |
|
Fax No.: |
91-251-2470759 |
|
|
|
|
Garment Division : |
D – 6, MIDC, Phase – 1, Dombivali (East) – 421203, Maharashtra,
India |
|
Tel. No.: |
91-251-2451463 |
|
Fax No.: |
91-251-2452892 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Deshbandhu Phulchand Kagzi |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
161, Maker Tower 'B', Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
14.02.1944 |
||||||||||||||||||||
|
Qualification : |
B.com |
||||||||||||||||||||
|
Date of Appointment : |
21.07.1978 |
||||||||||||||||||||
|
PAN No.: |
AABPK7529B |
||||||||||||||||||||
|
DIN No.: |
00058041 |
||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Brijendranandan Deshbandhu Kagzi |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
161, Maker Tower 'B', Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
28.09.1972 |
||||||||||||||||||||
|
Qualification : |
B.com, MBA |
||||||||||||||||||||
|
Date of Appointment : |
21.05.1992 |
||||||||||||||||||||
|
PAN No.: |
AABPK7530L |
||||||||||||||||||||
|
DIN No.: |
00058064 |
||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Saraf Purshottamdas
Sagarmal |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
B 101, Nav Asiad
Apartments Tilak Road, Dombivali East, Thane – 421201, Maharashtra, India |
||||||||||||||||||||
|
Date of Appointment : |
24.11.2016 |
||||||||||||||||||||
|
DIN No.: |
07658318 |
||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Deshbandhu Kagzi (HUF) |
2276655 |
7.89 |
|
Sharda D Kagzi |
4822755 |
16.71 |
|
Brijendra D Kagzi |
6253470 |
21.66 |
|
Shrijee Cotton Mills Limited |
7359885 |
25.50 |
|
Deshbandhu Kagzi |
5997825 |
20.78 |
|
Rinku Kagzi |
2154870 |
7.46 |
|
Total |
28865460 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
74.50 |
|
Promoters- Body corporate |
25.50 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Processing, Digital Printing and Embroidery on all types of fabrics and garments. (Registered activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Shrijee |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
V.K. Beswal and Associates Chartered Accountants |
|
Address : |
4th Floor, Rewa Chambers, 31, New Marine Lines, Mumbai – 400020, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFV1807C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other Related
Enterprises: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
INR 10/- each |
INR 300.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28865460 |
Equity Shares |
INR 10/- each |
INR 288.655 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
288.655 |
288.655 |
288.655 |
|
(b) Reserves &
Surplus |
706.751 |
633.794 |
545.866 |
|
(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) |
995.406 |
922.449 |
834.521 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
715.858 |
630.605 |
437.382 |
|
(b) Deferred tax
liabilities (Net) |
82.690 |
65.487 |
47.382 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
13.036 |
10.347 |
8.837 |
|
Total Non-current
Liabilities (3) |
811.584 |
706.439 |
493.601 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
425.000 |
400.000 |
300.000 |
|
(b) Trade payables |
527.446 |
432.738 |
442.353 |
|
(c) Other current
liabilities |
169.170 |
167.165 |
127.075 |
|
(d) Short-term provisions |
9.935 |
9.295 |
9.714 |
|
Total Current Liabilities
(4) |
1131.551 |
1009.198 |
879.142 |
|
|
|
|
|
|
TOTAL |
2938.541 |
2638.086 |
2207.264 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1021.926 |
1035.978 |
677.876 |
|
(ii) Intangible Assets |
8.603 |
8.592 |
6.684 |
|
(iii) Capital
work-in-progress |
45.380 |
2.010 |
14.531 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
6.526 |
5.526 |
5.526 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
19.046 |
18.779 |
21.201 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1101.481 |
1070.885 |
725.818 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
892.048 |
720.570 |
749.492 |
|
(c) Trade receivables |
697.718 |
577.236 |
576.251 |
|
(d) Cash and cash
equivalents |
20.900 |
10.343 |
8.224 |
|
(e) Short-term loans and
advances |
77.340 |
89.048 |
130.291 |
|
(f) Other current assets |
149.054 |
170.004 |
17.188 |
|
Total Current Assets |
1837.060 |
1567.201 |
1481.446 |
|
|
|
|
|
|
TOTAL |
2938.541 |
2638.086 |
2207.264 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2552.168 |
2469.393 |
2626.967 |
|
|
Other Income |
31.882 |
34.855 |
40.785 |
|
|
TOTAL |
2584.050 |
2504.248 |
2667.752 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1498.291 |
1339.482 |
1611.503 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(117.939) |
21.234 |
(102.068) |
|
|
Employees benefits
expense |
119.112 |
110.685 |
75.977 |
|
|
CSR
expenditure |
2.381 |
3.085 |
0.000 |
|
|
Other expenses |
763.665 |
744.465 |
790.218 |
|
|
Prior
period items |
(0.107) |
(0.862) |
0.399 |
|
|
TOTAL |
2265.403 |
2218.089 |
2376.029 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
318.647 |
286.159 |
291.723 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
101.134 |
84.357 |
89.443 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
217.513 |
201.802 |
202.280 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
106.811 |
93.895 |
71.885 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
110.702 |
107.907 |
130.395 |
|
|
|
|
|
|
|
Less |
TAX |
37.745 |
19.979 |
42.906 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
72.957 |
87.928 |
87.489 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.53 |
3.05 |
3.03 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
89.352 |
93.597 |
62.512 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
191.682 |
345.111 |
346.241 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
170.154 |
339.752 |
322.379 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
99.78 |
85.32 |
80.07 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.66 |
4.28 |
4.56 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
128.49 |
117.92 |
100.19 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.36 |
0.40 |
0.39 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.30 |
0.27 |
0.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.66 |
0.62 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.24 |
1.22 |
0.96 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.14 |
1.09 |
1.05 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.08 |
1.13 |
0.84 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.15 |
3.39 |
3.26 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.86 |
3.56 |
3.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.48 |
3.33 |
3.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.33 |
9.53 |
10.48 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.62 |
1.55 |
1.69 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.84 |
0.84 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.34 |
0.35 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.26 |
3.89 |
2.77 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.62 |
1.55 |
1.69 |
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 |
288.655 |
288.655 |
288.655 |
|
Reserves & Surplus |
545.866 |
633.794 |
706.751 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
834.521 |
922.449 |
995.406 |
|
|
|
|
|
|
Long Term borrowings |
437.382 |
630.605 |
715.858 |
|
Short Term borrowings |
300.000 |
400.000 |
425.000 |
|
Current Maturities of Long term debt |
62.512 |
93.597 |
89.352 |
|
Total
borrowings |
799.894 |
1124.202 |
1230.210 |
|
Debt/Equity
ratio |
0.959 |
1.219 |
1.236 |
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
|
2626.967 |
2469.393 |
2552.168 |
|
|
|
(5.998) |
3.352 |
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
|
2626.967 |
2469.393 |
2552.168 |
|
Profit |
87.489 |
87.928 |
72.957 |
|
|
3.33% |
3.56% |
2.86% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
288.655 |
288.655 |
|
(b) Reserves and Surplus |
|
757.268 |
678.147 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1045.923 |
966.802 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
685.922 |
630.605 |
|
(b) Deferred tax liabilities (Net) |
|
82.690 |
65.487 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
13.036 |
10.347 |
|
Total Non-current
Liabilities (3) |
|
781.648 |
706.439 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
425.000 |
400.000 |
|
(b) Trade
payables |
|
527.446 |
432.738 |
|
(c) Other
current liabilities |
|
199.107 |
167.165 |
|
(d) Short-term
provisions |
|
9.934 |
9.295 |
|
Total Current
Liabilities (4) |
|
1161.487 |
1009.198 |
|
|
|
|
|
|
TOTAL |
|
2989.058 |
2682.439 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1021.926 |
1035.978 |
|
(ii)
Intangible Assets |
|
8.603 |
8.592 |
|
(iii) Tangible assets
capital work-in-progress |
|
45.380 |
2.010 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
57.043 |
49.879 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
19.046 |
18.779 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
1151.998 |
1115.238 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
892.048 |
720.570 |
|
(c) Trade
receivables |
|
697.718 |
577.236 |
|
(d) Cash and
bank balances |
|
20.899 |
10.343 |
|
(e)
Short-term loans and advances |
|
77.341 |
89.048 |
|
(f) Other
current assets |
|
149.054 |
170.004 |
|
Total
Current Assets |
|
1837.060 |
1567.201 |
|
|
|
|
|
|
TOTAL |
|
2989.058 |
2682.439 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
2488.924 |
2409.941 |
|
|
Other Income |
|
95.126 |
94.307 |
|
|
TOTAL |
|
2584.050 |
2504.248 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1498.291 |
1339.482 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(117.939) |
21.234 |
|
|
Employee benefit expense |
|
119.112 |
110.685 |
|
|
CSR expenditure |
|
2.381 |
3.085 |
|
|
Other expenses |
|
763.665 |
744.465 |
|
|
Prior period items |
|
(0.107) |
(0.862) |
|
|
TOTAL |
|
2265.403 |
2218.089 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
318.647 |
286.159 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
101.134 |
84.357 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
217.513 |
201.802 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
106.811 |
93.895 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
110.702 |
107.907 |
|
|
|
|
|
|
|
Less |
TAX |
|
37.746 |
19.980 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
72.956 |
87.927 |
|
|
|
|
|
|
|
|
Share of profit (loss) of
associates |
|
6.164 |
4.701 |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
79.120 |
92.628 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
2.53 |
3.05 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
COMPANY
OVERVIEW
Subject is a renowned integrated textile company with Star Export House status. SLPL has facilities for processing, Digital Printing and Embroidery on all types of fabrics and garments. It has regularly expanded and upgraded its manufacturing facilities covering various methods of printing/ embroidery on various types of fabric and garments. It has production capacity in digital printing of fabrics and garments. The manufacturing facilities are located in MIDC Dombivali. The products are marketed under the brand name Shrijee
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from others |
96.780 |
0.000 |
|
Intercorporate borrowings |
0.000 |
66.580 |
|
Total |
96.780 |
66.580 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G31054497 |
100067771 |
CANARA BANK |
16/11/2016 |
- |
- |
908300000.0 |
MCB FORT MARKET, GROUND
FLOOR, CANARA BANK BLDG,ADI MARZBAN, FORT, MUMBAIMUMBAIMH400001IN |
|
2 |
G32656829 |
10627403 |
KOTAK MAHINDRA
BANK LIMITED |
03/10/2015 |
04/05/2016 |
- |
448700000.0 |
GROUND FLOOR,
G-34,ADERBAD BUILDING, HUGHES ROAD,MUMBAIMH400007IN |
|
3 |
C56397219 |
10577104 |
DEUTSCHE BANK AG |
06/05/2015 |
- |
- |
80500000.0 |
P.O. BOX NO.
9080GOREGAON(EAST)MUMBAIMH400063IN |
|
4 |
G69995504 |
10511658 |
CANARA BANK |
14/07/2014 |
16/10/2017 |
- |
615000000.0 |
MID CORPORATE BRANCH,GROUND
FLOOR,CANARA BANK BUILDING, ADI MARZBAN STREET, FORTMUMBAIMH400001IN |
|
5 |
G04115291 |
10392777 |
UNION BANK OF
INDIA |
21/11/2012 |
17/12/2012 |
26/04/2016 |
20000000.0 |
OVERSEAS BRANCH, UNION
BANK BHAVAN,GROUND FLOOR,239,VIDHAN BHAVAN MARG,NARIMAN POINTMUMBAIMH400021IN |
|
6 |
G04112538 |
10390688 |
UNION BANK OF
INDIA |
21/11/2012 |
17/12/2012 |
26/04/2016 |
150000000.0 |
OVERSEAS BRANCH, UNION
BANK BHAVAN,GROUND FLOOR,239,VIDHAN BHAVAN MARG,NARIMAN POINTMUMBAIMH400021IN |
|
7 |
G04115697 |
10390690 |
UNION BANK OF
INDIA |
21/11/2012 |
- |
26/04/2016 |
60000000.0 |
OVERSEAS BRANCH, UNION
BANK BHAVAN,GROUND FLOOR,239,VIDHAN BHAVAN MARG,NARIMAN POINTMUMBAIMH400021IN |
|
8 |
G04115606 |
10366109 |
UNION BANK OF
INDIA |
06/07/2012 |
05/12/2012 |
26/04/2016 |
45000000.0 |
OVERSEAS BRANCH, UNION
BANK BHAVAN,GROUND FLOOR,239,VIDHAN BHAVAN MARG,NARIMAN POINTMUMBAIMH400021IN |
|
9 |
G04114849 |
10426252 |
UNION BANK OF
INDIA |
30/04/2013 |
- |
26/04/2016 |
109100000.0 |
OVERSEAS BRANCH, UNION
BANK BHAVAN,GROUND FLOOR,239,VIDHAN BHAVAN MARG,NARIMAN POINTMUMBAIMH400021IN |
|
10 |
G04113965 |
10062228 |
UNION BANK OF
INDIA |
04/08/2007 |
04/07/2014 |
26/04/2016 |
420000000.0 |
OVERSEAS BRANCH,UNION
BANK BHAVAN,GROUND FLOOR,239, VIDHAN BHAVAN MARG, NARIMAN
POINT,MUMBAIMH400021IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
- Books periodicals
Intangible assets
- Computer software
- Mining rights
- Mastheads and publishing titles
- Copyrights
- Designs
- Licenses and franchise
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 64.99 |
|
|
1 |
INR 89.91 |
|
Euro |
1 |
INR 80.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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.