|
|
|
MIRA
INFORM REPORT
|
Report No. : |
495700 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
WELLKNOWN POLYESTERS LIMITED |
|
|
|
|
Registered
Office : |
14th Floor, “B” Wing, Nirmal, 241/242, Backbay Reclamation,
Nariman Point, Mumbai – 400021, Maharashtra |
|
Tel No.: |
91-22-66207000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
23.10.1996 |
|
|
|
|
Com. Reg. No.: |
11-103477 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 311.520 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17114MH1996PLC103477 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW1018K |
|
|
|
|
GST No.: |
27AAACW1018K1ZF |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer,
Exporter and Supplier of Polyesters Filament Yarn like Draw Texturised Yarn,
Fully Draw Yarn and Chips. [Registered Activity and also Confirmed by
Management] |
|
|
|
|
No. of Employees
: |
1000 [Approximately] |
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 36942000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company incorporated in the year 1996. It is an established company having an excellent track record. As per the Registrar Of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to financial for the year 31.03.2017 are not available from any sources. For the financial year 2016, the company has increased its revenue from operations as compared to previous year and maintained decent profit margin of 4.08%. The rating takes into consideration strong financial risk profile of the company marked by healthy networth base and average debt level along with fair liquidity position. Rating also derives strength from its established track records of business operation along with strong brand name i.e. “Wellknown”, “New Ways” and experienced management team. Trade relations are reported as fair. Payments seems to be regular and as per commitments. In view of established market position, the company can be considered good for normal 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 Rating = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
09.11.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A1 |
|
Rating Explanation |
Very Strong degree of safety and carry lowest credit risk |
|
Date |
09.11.2017 |
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 PARTED BY [GENERAL DETAILS]
|
Name : |
Ms. Sandhya |
|
Designation : |
Admin Department |
|
Contact No.: |
91-22-66207000 |
|
Date : |
06.03.2018 |
LOCATIONS
|
Registered/ Corporate Office : |
14th Floor, “B” Wing, Nirmal, 241/242, Backbay Reclamation,
Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-66207000 |
|
Fax No.: |
91-22-66207050 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory: |
Nani Daman, Daman - 396210, Daman and Diu (U.T) India |
|
|
|
|
Corporate
Office: |
145C, Dr. Viegas Street, 4th Floor, Kalbadevi Road,
Mumbai-400002, Maharashtra, India |
|
|
|
|
Branch Offices : |
1. 12
/35, Sugam Nestle 2nd Cross Street, Rakkiyapalayam, Avinashi (TK), 2. Office:411,4th Floor, K10 Tower, SCO 22-23, Feroze Gandhi Market, Ludhiana – 141001, Punjab, India 3. 2nd Floor, SCF-51, Adjoining HDFC Bank, Sector-11, Huda, Panipat – 132103, Haryana, India 4. A-101-B-2, International Trade Centre, Majura Gate, Ring Road, Surat – 395002, Gujarat, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Anil Madanlal Gupta |
||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||
|
Address : |
9-41, Joothica Building Sleater Road, Grant Road, Tardeo, Mumbai - 400007, Maharashtra, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.09.1964 |
||||||||||||||||||||||||||||||
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Qualification : |
B.Com. |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.10.2010 |
||||||||||||||||||||||||||||||
|
DIN No.: |
01376458 |
||||||||||||||||||||||||||||||
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PAN No.: |
AAFPG6607A |
||||||||||||||||||||||||||||||
|
Other directorship :
|
|||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Rahul Anil Gupta |
||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||||||||||||
|
Address : |
Joothica Building 9th Floor, Block No 41, Sleater Road, Mumbai - 400007, Maharashtra, India |
||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.06.1991 |
||||||||||||||||||||||||||||||
|
Qualification : |
Masters in International Management (University of Bath, UK) |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2014 |
||||||||||||||||||||||||||||||
|
PAN No.: |
ASFPG4923M |
||||||||||||||||||||||||||||||
|
DIN No.: |
05336957 |
||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Jaikishan Gordhanlal Dayma |
||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
D/304, Samved, Viva Vedganga Complex, Near Saideep Hotel, Gokul Township, Virar [West], Virar-401303, Maharashtra, India |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.02.2017 |
||||||||||||||||||||||||||||||
|
DIN No.: |
07267752 |
||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Name : |
Mr. Roshan Ratnaker Rai |
||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||
|
Address : |
A-102, Vinay Heights, Kanakiya Road, Near Mari Gold-5, Mira Road (East) Thane-401107, Maharashtra, India |
||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.02.2017 |
||||||||||||||||||||||||||||||
|
DIN No.: |
07799097 |
||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Bhuvanesh Dave |
|
Designation : |
Company Secretary |
|
Address : |
C/O Jitendra Purohit, 604 Kalpana Building, Besant Street, Santacruz (West) Mumbai 40005, Maharashtra, India |
|
Date of Birth/Age : |
13.06.1988 |
|
Date of Appointment : |
01.03.2014 |
|
PAN No.: |
ASWPD5943R |
|
|
|
|
Name : |
Ms. Sandhya |
|
Designation : |
Admin Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
|
Anil M. Gupta |
|
2808656 |
|
Anil M. Gupta Karta/ Anil M Gupta, Karta, HUF |
|
144405 |
|
Charulata Gupta |
|
2133649 |
|
Rahul A. Gupta |
|
678320 |
|
Saakshi A. Gupta |
|
114074 |
|
Wellknown Hitech Projects Private Limited, India |
|
61891 |
|
Wellknown Technologies Private Limited, India |
|
1406076 |
|
Wellknown Textiles Industries
Private Limited, India |
|
6899558 |
|
|
|
|
|
Total |
|
14246629 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Anil M. Gupta |
|
179123 |
|
Anil M Gupta, Karta, HUF |
|
9199 |
|
Ashok M. Gupta, Karta, HUF |
|
103 |
|
Charulata Gupta |
|
92886 |
|
Madanlal Gupta Karta, HUF |
|
269 |
|
Rahul A. Gupta |
|
85950 |
|
Saakshi A. Gupta |
|
7654 |
|
Wellknown Hitech Projects Private Limited, |
|
3917 |
|
Wellknown Technologies Private Limited, India |
|
664386 |
|
Wellknown Textiles Industries
Private Limited, |
|
436641 |
|
Wellknown Enterprises Private Limited |
|
200000 |
|
Wellknown Landmark Ventures
Private Limited |
|
100000 |
|
Wellknown Logistics Private Limited |
|
100000 |
|
|
|
|
|
Total |
|
1880128 |
AS ON: 28.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
41.27 |
|
Promoters (Bodies corporate) |
58.73 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Exporter and Supplier of Polyesters Filament Yarn like Draw Texturised Yarn,
Fully Draw Yarn and Chips. [Registered Activity and also Confirmed by
Management] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
· “Wellknown” · “New Ways” |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Polyesters Filament Yarn |
||||
|
Countries : |
· Brazil · Indonesia |
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash, Advance Payment, Cheque, L/C and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash, Advance Payment, Cheque, L/C and Credit |
PRODUCTION STATUS [NOT AVAILABLE]
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||
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|
|
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Customers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
1000 [Approximately] |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
IFB, Natraj Building, 102, 1st Floor, 194, Sir M V Road, Western Express Highway, Andheri (East), Mumbai - 400069, Maharashtra, India
Corporate Banking Branch, Axis House, Bombay Dyieng Mills Compound, P B Marg, Worli, Mumbai - 400025, Maharashtra, India
Plot No. 1 & 2, Plot No.34, Everest Grande, Mahakali Caves Road, Andheri [East], Mumbai - 400093, Maharashtra, India
|
||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Chamaria and Associates Chartered Accountants |
|
Address : |
403, Manek Smruti, Above HDFC Bank, Nehru Road, Vile Parle (E), Mumbai - 400057, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAPC4573A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Wellknown Textile Industries Private Limited [U17110MH1987PTC043355] |
|
|
|
|
Subsidiary Company
: |
Wellknown Synthetics Private Limited [U17110MH1997PTC110093] |
|
|
|
|
Associate
Companies: |
· Gupta Villa Limited [U70102MH2012PLC233788] · Wellknown Chemicals Private Limited · Wellknown Hitech Projects Private Limited [U70109MH1995PTC091597] · Wellknown Technologies Private Limited [U80220MH2005PTC154131] ·
Wellknown Housing Development Private Limited ·
Wellknown Logistics Private Limited ·
Wellknown Landmark Ventures Private Limited · Wellknown Infratech Private Limited · Wellknown Properties Private Limited ·
Wellknown Enterprises Private Limited |
CAPITAL STRUCTURE
AS ON: 28.09.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
|
2000000 |
Preference Shares |
INR 100/- each |
INR 200.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 350.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14246629 |
Equity Shares |
INR 10/- each |
INR 142.466 Million |
|
1880128 |
Preference Shares |
INR 100/- each |
INR 188.013
Million |
|
|
|
|
|
|
|
Total |
|
INR 330.479 Million
|
AS ON: 31.03.2016
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
|
1800000 |
Preference Shares |
INR 100/- each |
INR 180.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 330.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14246629 |
Equity Shares |
INR 10/- each |
INR 142.466 Million |
|
1690534 |
Preference Shares |
INR 100/- each |
INR 169.054
Million |
|
|
|
|
|
|
|
Total |
|
INR 311.520 Million
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
311.520 |
294.527 |
224.720 |
|
(b) Reserves and Surplus |
12618.222 |
11847.149 |
10179.017 |
|
(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) |
12929.742 |
12141.676 |
10403.737 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
12571.049 |
11055.196 |
13574.956 |
|
(b) Deferred tax liabilities (Net) |
2148.830 |
1968.788 |
1640.962 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
20.767 |
14.880 |
12.418 |
|
Total Non-current
Liabilities (3) |
14740.646 |
13038.864 |
15228.336 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
4229.561 |
3853.283 |
2402.019 |
|
(b) Trade
payables |
1154.231 |
2402.841 |
2397.352 |
|
(c) Other
current liabilities |
3561.569 |
2672.069 |
2741.064 |
|
(d) Short-term
provisions |
11.145 |
12.008 |
259.348 |
|
Total Current
Liabilities (4) |
8956.506 |
8940.201 |
7799.783 |
|
|
|
|
|
|
TOTAL |
36626.894 |
34120.741 |
33431.856 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
22082.005 |
21433.821 |
22032.788 |
|
(ii)
Intangible Assets |
775.802 |
1.260 |
7.217 |
|
(iii) Tangible assets
capital work-in-progress |
1106.663 |
407.703 |
608.272 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
189.282 |
0.058 |
0.058 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
438.854 |
214.653 |
150.268 |
|
(e) Other
Non-current assets |
511.645 |
135.996 |
714.684 |
|
Total Non-Current
Assets |
25104.251 |
22193.491 |
23513.287 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
119.138 |
0.000 |
0.000 |
|
(b)
Inventories |
3991.161 |
5063.062 |
4761.889 |
|
(c) Trade
receivables |
1610.006 |
1471.550 |
2128.037 |
|
(d) Cash and
bank balances |
2963.462 |
787.690 |
549.126 |
|
(e)
Short-term loans and advances |
1186.418 |
2643.803 |
1599.184 |
|
(f) Other
current assets |
1652.458 |
1961.145 |
880.333 |
|
Total
Current Assets |
11522.643 |
11927.250 |
9918.569 |
|
|
|
|
|
|
TOTAL |
36626.894 |
34120.741 |
33431.856 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
29812.813 |
28637.529 |
31503.972 |
|
|
Other Income |
203.451 |
321.433 |
678.796 |
|
|
TOTAL |
30016.264 |
28958.962 |
32182.768 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
19867.024 |
20142.846 |
23407.487 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
446.487 |
(99.339) |
(321.926) |
|
|
Employee benefit expense |
988.456 |
884.526 |
472.709 |
|
|
CSR expenditure |
4.421 |
1.719 |
0.000 |
|
|
Other expenses |
4338.578 |
4251.889 |
4214.142 |
|
|
Exceptional items |
0.000 |
(641.979) |
0.000 |
|
|
TOTAL |
25644.966 |
24539.662 |
27772.412 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
4371.298 |
4419.300 |
4410.356 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1297.132 |
1128.491 |
1017.520 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3074.166 |
3290.809 |
3392.836 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1241.630 |
1032.416 |
944.510 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1832.536 |
2258.393 |
2448.326 |
|
|
|
|
|
|
|
Less |
TAX (H) |
615.865 |
692.351 |
437.706 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1216.671 |
1566.042 |
2010.620 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
4180.727 |
5080.970 |
6868.277 |
|
|
TOTAL EARNINGS |
4180.727 |
5080.970 |
6868.277 |
|
|
|
|
|
|
|
|
IMPORT |
|
|
|
|
|
Raw Materials |
5907.820 |
9047.464 |
7701.372 |
|
|
Capital Goods |
260.788 |
171.084 |
1243.088 |
|
|
TOTAL IMPORT |
6168.608 |
9218.548 |
8944.460 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
83.51 |
109.92 |
141.13 |
|
|
Diluted |
53.43 |
70.57 |
108.60 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
2806.408 |
2071.091 |
1677.866 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
5837.375 |
2810.502 |
3061.943 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
5201.542 |
2157.536 |
2567.801 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
19.71 |
18.76 |
24.66 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
18.52 |
19.46 |
14.80 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
21.21 |
43.54 |
37.38 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.10 |
0.87 |
0.93 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.18 |
0.20 |
0.19 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.65 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.52 |
1.40 |
1.70 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.69 |
0.74 |
0.75 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.85 |
1.80 |
2.18 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.37 |
3.92 |
4.33 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.08 |
5.47 |
6.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.32 |
4.59 |
6.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.41 |
12.90 |
19.33 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.29 |
1.33 |
1.27 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.84 |
0.77 |
0.66 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.35 |
0.36 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
62.94 |
57.65 |
78.56 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.29 |
1.33 |
1.27 |
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 |
224.720 |
294.527 |
311.520 |
|
Reserves & Surplus |
10179.017 |
11847.149 |
12618.222 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
10403.737 |
12141.676 |
12929.742 |
|
|
|
|
|
|
Long-term borrowings |
13574.956 |
11055.196 |
12571.049 |
|
Short term borrowings |
2402.019 |
3853.283 |
4229.561 |
|
Current maturities of
long-term debts |
1677.866 |
2071.091 |
2806.408 |
|
Total
borrowings |
17654.841 |
16979.570 |
19607.018 |
|
Debt/Equity
ratio |
1.697 |
1.398 |
1.516 |
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 |
31503.972 |
28637.529 |
29812.813 |
|
|
|
(9.099) |
4.104 |
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 |
31503.972 |
28637.529 |
29812.813 |
|
Profit/ (Loss) |
2010.620 |
1566.042 |
1216.671 |
|
|
6.38
% |
5.47
% |
4.08
% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G19873439 |
100058004 |
CORPORATION
BANK |
21/10/2016 |
- |
- |
1140000000.0 |
IFB
BRANCH, 104 MUMBAI SAMACHAR MARGFORTMUMBAIMH400023IN |
|
2 |
G08230138 |
100040853 |
STATE
BANK OF HYDERABAD |
21/07/2016 |
- |
- |
250000000.0 |
OVERSEAS
BRANCH, ASHOK MAHAL1204 TULLOCH ROADMUMBAIMH400039IN |
|
3 |
G02153468 |
100022233 |
LANDESBANK
BADEN-WUERTTEMBERG |
16/04/2016 |
- |
- |
715260000.0 |
AM
HAUPTBAHNHOF, 270173 STUTTGART, GERMANYSTUTTGARTNA70173DE |
|
4 |
G01193572 |
100018524 |
LANDESBANK
BADEN-WUERTTEMBERG |
12/04/2016 |
- |
- |
198510000.0 |
AM
HAUPTBAHNHOF ,2, 70173 STUTTGART, GERMANYSTUTTGARTNA70173DE |
|
5 |
G24881203 |
100032189 |
STATE
BANK OF INDIA |
18/03/2016 |
28/10/2016 |
- |
748000000.0 |
IFB,
NATRAJ BUILDING, 102, 1ST FLOOR, 194,SIR M V ROAD WESTERN EXPRESS HIGHWAY,
ANDHERI (E),MUMBAIMH400069IN |
|
6 |
C69462802 |
10601304 |
LANDESBANK
BADEN-WUERTTEMBERG |
06/11/2015 |
- |
- |
1608390000.0 |
AM
HAUPTBAHNHOFSTUTTGARTNA70173DE |
|
7 |
C64671423 |
10591925 |
STATE
BANK OF INDIA |
31/08/2015 |
- |
- |
2500000000.0 |
IFB,
NATRAJ BUILDING, 102, 1ST FLOOR, 194,SIR M V ROAD WESTERN EXPRESS HIGHWAY,
ANDHERI (E),MUMBAIMH400069IN |
|
8 |
C05905500 |
10484351 |
AXIS
BANK LIMITED |
13/03/2014 |
14/05/2014 |
- |
500000000.0 |
CORPORATE
BANKING BRANCH, AXIS HOUSE,BOMBAY DYIENG MILLS COMPOUND, P B MARG,
WORLIMUMBAIMH400024IN |
|
9 |
C00508598 |
10484884 |
THE
KARUR VYSYA BANK LIMITED |
03/03/2014 |
- |
- |
500000000.0 |
PLOT
NO: 1 & 2 , PLOT NO.34 EVEREST GRANDEMAHAKALI CAVES RD, ANDHERI
EASTMUMBAIMH400093IN |
|
10 |
B90246422 |
10458104 |
UNION
BANK OF INDIA |
10/10/2013 |
10/10/2013 |
- |
1050000000.0 |
INDUSTRIAL
FINANCE BRANCH,UNION BANK BHAVAN239,VIDHAN BHAVAN MARG,NARIMAN
POINTMUMBAIMH400021IN |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Guarantees |
152.425 |
325.122 |
|
Other money for which company is contingently liable |
161.484 |
26.674 |
|
Estimated amount of contracts remaining to be executed on capital account and not provided for |
1012.850 |
33.524 |
|
Other commitments |
1526.569 |
17740.490 |
CORPORATE
INFORMATION
Subject (hereinafter referred to as ‘WPL’ or ‘the Company’) is a producer of Polyesters Filament Yarn, viz Draw Texturised Yarn, Fully Draw Yarn and Chips. The Company's manufacturing facilities are located at Dabhel (Daman) Union Territory.
PERFORMANCE
During the Year 2015-16, the Company recorded a Turnover of INR 31982.200 Million (INR 30721.300 Million in 2014-2015), because of focused marketing efforts and better outreach to customers nationally as well as globally. PBIDT was INR 4371.300 Million in 2015-16 against INR 3777.300 Million in 2014-15 and a net profit of INR 1216.700 Million in 2015-16 against INR 1566.000 Million in 2014-15.
CHANGE OF
ADDRESS
The Registered address of the company has been shifted from 46, Swadeshi Market, 1st Floor, Kalbadevi Road, Mumbai-400002, Maharashtra, India to the present address w.e.f. 02.04.2007
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipment’s
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
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.99 |
|
UK Pound |
1 |
INR 89.91 |
|
Euro |
1 |
INR 80.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
RUP |
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.
·