|
|
|
MIRA INFORM REPORT
|
Report No. : |
496563 |
|
Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
AQUATIC REMEDIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1209, 1210, 1211, Cabin A, 12th Floor, Universal Majestic, P. L. Lokhande Marg, Village Borla, CTS No. 4A/8/1, Chembur West, Mumbai – 400043, Maharashtra |
|
Tel. No.: |
91-22-67255555 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
04.03.1996 |
|
|
|
|
Com. Reg. No.: |
11-097828 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 96.700 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH1996PTC097828 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0395063981 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA11886A |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA3876G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader and Importer of Bulk Drugs
Pharmaceutical Formulations. (Registered activity) |
|
|
|
|
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Aquatic Remedies Private Limited is a Manufacturer, Trader and Importer of Bulk Drugs Pharmaceutical Formulations. The company was incorporated in the year 1996 and is based in Mumbai, Maharashtra. It is an established company having fine track records.
|
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 08.03.2018
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: Tel. No.: 91-22-67585555
Contact No.: 91-9821347011 / 91-22-67255555 – Ringing
LOCATIONS
|
Registered Office : |
1209, 1210, 1211, Cabin A, 12th Floor, Universal Majestic, P. L. Lokhande Marg, Village Borla, CTS No. 4A/8/1, Chembur West, Mumbai – 400043, Maharashtra, India |
|
Tel. No.: |
91-22-67585555 |
|
Mobile No.: |
91-9821262142 (Mr. Bharat N Mehta) 91-9821347011 (Mr. Kirti) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administrative Office : |
218/219, |
|
Tel. No.: |
91-22-67255555 / 67585555 |
|
Fax No.: |
91-22-67991766 / 67585550 |
|
E-Mail : |
|
|
|
|
|
Corporate Office / Branch Office 1 : |
36, Amul Estate, Near Railway Crossing, Sarkhej, Ahmedabad – 382210,
Gujarat, India |
|
Area : |
500 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office 2
/ Ware House:: |
Gala No. 105, 106 Building No. H, Shree Sambhav Complex, Village
Rehnal, Taluka: Bhiwandi, District: Thane – 421302, Maharashtra, India |
|
|
|
|
Factory Address:: |
Bhiwandi Sobhagya Ware Housing Complex, Godown No. 108, 109, 110,
Rahanal Village, Bhiwandi,
Thane – 421302, Maharashtra India has been closed down. |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bharat Nyalchand Mehta |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
E/202,
Kukreja Palace CHS., Vallabh Baug Lane, Police Hockey Ground, Ghatkopar
(East), Rajawadi, Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
24.10.1960 |
|
Qualification : |
B Pharm |
|
PAN No.: |
AACPM9009P |
|
Date of Appointment : |
04.03.1996 |
|
DIN No : |
00580554 |
|
|
|
|
Name : |
Mr. Hitendra Nyalchand Mehta |
|
Designation : |
Director |
|
Address : |
255/11, Prity, R.N.N,
Road, Gathkopar (East), Mumbai - 400077, Maharashtra, India |
|
Date of Birth/Age : |
09.09.1969 |
|
Qualification : |
BE |
|
PAN No.: |
AAEPM5709J |
|
Date of Appointment : |
04.03.1996 |
|
DIN No : |
00580562 |
|
|
|
|
Name : |
Mr. Kirti Bhogilal Mehta |
|
Designation : |
Director |
|
Address : |
E/601,
Kukreja Palace, 6th Floor, Vallabhbaug Lane Rajawadi, Ghatkopar East, Mumbai
- 400077, Maharashtra,
India |
|
Date of Birth/Age : |
31.12.1970 |
|
Qualification : |
B.Com |
|
PAN No.: |
AAEPM1070A |
|
Date of Appointment : |
04.03.1996 |
|
DIN No : |
00580572 |
|
|
|
|
Name : |
Mr. Darshan Bhogilal Mehta |
|
Designation : |
Director |
|
Address : |
255/11, Prity,
R.N.N, Road, Gathkopar (East), Mumbai - 400077, Maharashtra, India |
|
Date of Birth/Age : |
07.07.1977 |
|
Qualification : |
B.Com |
|
PAN No.: |
AGJPM5951H |
|
Date of Appointment : |
04.03.1996 |
|
DIN No : |
00580585 |
|
|
|
|
Name : |
Mr. Hemant Bhogilal Mehta |
|
Designation : |
Director |
|
Address : |
E/601,
Kukreja Palace, V.B. Ext Lane, Garodia Nagar, Rajawadi, Ghatkopar East,
Mumbai - 400077, Maharashtra, India |
|
Date of Birth/Age : |
31.05.1979 |
|
Date of Appointment : |
30.09.2010 |
|
PAN No.: |
AGIPM8890N |
|
DIN No : |
00580653 |
|
|
|
|
Name : |
Mr. Bhogilal Maneklal Mehta |
|
Designation : |
Director |
|
Address : |
255/11, Prity,
R.N.N, Road, Gatkopar (East), Mumbai - 400077, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1945 |
|
PAN No.: |
ACTPM7594G |
|
Date of Appointment : |
30.09.2010 |
|
DIN No : |
00580668 |
|
|
|
|
Name : |
Mr. Nyalchand Maneklal Mehta |
|
Designation : |
Director |
|
Address : |
255/11, Prity,
R.N.N, Road, Gatkopar (East), Mumbai - 400077, Maharashtra, India |
|
Date of Birth/Age : |
23.03.1936 |
|
PAN |
AGJPM6191R |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
02728277 |
KEY EXECUTIVES
|
Name : |
Mrs. Shefali Bharat Thakkar |
|
Designation : |
Company Secretary |
|
Address : |
B/403, Tirumala CHS L, Opposite Ushma Nagar, Evershine Nagar,
Malad (West), Mumbai - 400064, Maharashtra, India |
|
Date of Appointment : |
11.09.2017 |
|
PAN No.: |
AFXPT7973H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Bharat Mehta |
|
278735 |
|
Hitendra Nyalchand Mehta |
|
226370 |
|
Kirti Bhogilal Mehta |
|
371870 |
|
Darshan Bhogilal Mehta |
|
429870 |
|
Daksha B. Mehta |
|
145500 |
|
Priti H Mehta |
|
128000 |
|
Bijal K Mehta |
|
146460 |
|
Nyalchand M Mehta |
|
379870 |
|
Bhogilal M Mehta |
|
359825 |
|
Jayshree Mehta |
|
132500 |
|
Chandrika B Mehta |
|
143000 |
|
Purvi Mehta |
|
115000 |
|
Aquatic Formulations Private Limited, India |
|
2790000 |
|
Hemant Mehta |
|
472500 |
|
Bijal Hemant Mehta |
|
100000 |
|
Bharat Mehta (HUF) |
|
299500 |
|
Kirti Mehta (HUF) |
|
351500 |
|
Nyalchand M Mehta (HUF) |
|
349500 |
|
Bhogilal M Mehta (HUF) |
|
350000 |
|
Hitendra Mehta (HUF) |
|
315000 |
|
Darshan Mehta (HUF) |
|
105000 |
|
Kishorekuar Bavishi |
|
230000 |
|
R. N. Damania |
|
240000 |
|
Mahesh Bavishi |
|
200000 |
|
Anand Kamdar |
|
190000 |
|
Monica Sharma |
|
105000 |
|
Manoj Ajmera |
|
145000 |
|
Saurabh Kamdar |
|
250000 |
|
Nilesh Bavishi |
|
120000 |
|
Ramila Ajmera |
|
200000 |
|
Total |
|
9670000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
6.73 |
|
Public – (Individual/ Hindu
Undivided Family – Indian |
64.42 |
|
Public - Bodies corporate |
28.85 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Importer of Bulk Drugs
Pharmaceutical Formulations. (Registered activity) |
||||
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Products : |
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|
||||
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
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 : |
|
|
Auditors : |
|
|
Name : |
C. B. Chhajed and Company Chartered Accountants |
|
Address : |
5th Floor , Electric Mansion, Appasaheb Marathe
Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFC3665E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
U24230MH1999PLC122956 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
U85110MP2000PTC014128
U24210MH1996PTC097827 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
INR 10/- each |
INR 110.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9670000 |
Equity Shares |
INR 10/- each |
INR 96.700 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 |
96.700 |
96.700 |
96.700 |
|
(b) Reserves and Surplus |
450.629 |
294.670 |
233.624 |
|
(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) |
547.329 |
391.370 |
330.324 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.959 |
4.380 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
3.959 |
4.380 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
399.111 |
272.750 |
540.816 |
|
(b) Trade
payables |
1109.893 |
1048.972 |
729.243 |
|
(c) Other
current liabilities |
65.619 |
47.977 |
17.027 |
|
(d) Short-term
provisions |
45.051 |
7.020 |
0.499 |
|
Total Current
Liabilities (4) |
1619.674 |
1376.719 |
1287.585 |
|
|
|
|
|
|
TOTAL |
2170.962 |
1772.469 |
1617.909 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
12.662 |
13.711 |
5.392 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
98.457 |
21.976 |
21.976 |
|
(c) Deferred tax assets (net) |
1.488 |
1.145 |
1.111 |
|
(d)
Long-term loans and advances |
1.392 |
1.392 |
1.392 |
|
(e) Other Non-current
assets |
0.109 |
0.109 |
0.101 |
|
Total Non-Current
Assets |
114.108 |
38.333 |
29.972 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
302.776 |
327.790 |
223.274 |
|
(c) Trade receivables |
1501.208 |
1260.433 |
1230.310 |
|
(d) Cash and
bank balances |
199.024 |
92.787 |
81.912 |
|
(e)
Short-term loans and advances |
53.846 |
53.126 |
52.441 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
2056.854 |
1734.136 |
1587.937 |
|
|
|
|
|
|
TOTAL |
2170.962 |
1772.469 |
1617.909 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
7067.028 |
4889.165 |
5238.795 |
|
|
Other Income |
96.295 |
34.119 |
27.108 |
|
|
TOTAL |
7163.323 |
4923.284 |
5265.903 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
6091.904 |
4436.492 |
4644.826 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
25.014 |
(104.516) |
(24.596) |
|
|
Employee benefit expense |
52.900 |
34.116 |
24.981 |
|
|
CSR expenditure |
2.300 |
1.805 |
0.550 |
|
|
Other expenses |
709.625 |
438.435 |
511.644 |
|
|
TOTAL |
6881.743 |
4806.332 |
5157.405 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
281.580 |
116.952 |
108.498 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
36.746 |
19.446 |
23.005 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
244.834 |
97.506 |
85.493 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.202 |
2.986 |
1.057 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
240.632 |
94.520 |
84.436 |
|
|
|
|
|
|
|
Less |
TAX |
84.662 |
33.473 |
27.193 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
155.970 |
61.047 |
57.243 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
294.670 |
233.623 |
178.007 |
|
|
|
|
|
|
|
Less |
Adjustment relating to Fixed
Assets (Net of Deferred Tax) |
0.010 |
0.000 |
1.627 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
450.630 |
294.670 |
233.623 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
0.000 |
6.842 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
6.842 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Import Purchases |
2494.064 |
1868.856 |
2130.606 |
|
|
TOTAL IMPORTS |
2494.064 |
1868.856 |
2130.606 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
16.13 |
6.31 |
5.92 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
2.049 |
1.313 |
0.000 |
|
Net cash flows from (used in) operations |
156.093 |
322.121 |
(131.344) |
|
Net cash flows from (used in) operating activities |
71.093 |
288.613 |
(153.605) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
77.53 |
94.10 |
85.72 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.71 |
3.88 |
4.26 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
66.50 |
86.30 |
57.31 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.93 |
0.36 |
0.49 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
22.24 |
8.53 |
20.12 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.75 |
0.78 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.74 |
0.71 |
1.64 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.96 |
3.52 |
3.90 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.02 |
0.04 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
7.66 |
6.01 |
4.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.21 |
1.25 |
1.09 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.18 |
3.44 |
3.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
28.50 |
15.60 |
17.33 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.27 |
1.26 |
1.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.08 |
1.02 |
1.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.25 |
0.22 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.19 |
2.88 |
5.59 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.27 |
1.26 |
1.23 |
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 |
96.700 |
96.700 |
96.700 |
|
Reserves & Surplus |
233.624 |
294.670 |
450.629 |
|
Net
worth |
330.324 |
391.370 |
547.329 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
4.380 |
3.959 |
|
Short term borrowings |
540.816 |
272.750 |
399.111 |
|
Current maturities of
long-term debts |
0.000 |
1.313 |
2.049 |
|
Total
borrowings |
540.816 |
278.443 |
405.119 |
|
Debt/Equity
ratio |
1.637 |
0.711 |
0.740 |
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 |
5238.795 |
4889.165 |
7067.028 |
|
|
0.000 |
(6.674) |
44.545 |
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 |
5238.795 |
4889.165 |
7067.028 |
|
Profit/ (Loss) |
57.243 |
61.047 |
155.970 |
|
|
1.09
% |
1.25
% |
2.21
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
96.700 |
96.700 |
|
(b) Reserves and Surplus |
|
539.068 |
377.811 |
|
(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) |
|
635.768 |
474.511 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3.959 |
4.381 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
3.959 |
4.381 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
399.111 |
272.750 |
|
(b) Trade
payables |
|
1109.893 |
1048.972 |
|
(c) Other
current liabilities |
|
65.619 |
47.977 |
|
(d) Short-term
provisions |
|
45.051 |
7.020 |
|
Total Current
Liabilities (4) |
|
1619.674 |
1376.719 |
|
|
|
|
|
|
TOTAL |
|
2259.401 |
1855.611 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
12.662 |
13.711 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
186.896 |
105.118 |
|
(c) Deferred tax assets (net) |
|
1.488 |
1.145 |
|
(d)
Long-term loans and advances |
|
1.392 |
1.392 |
|
(e) Other
Non-current assets |
|
0.109 |
0.109 |
|
Total Non-Current
Assets |
|
202.547 |
121.475 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
302.776 |
327.790 |
|
(c) Trade
receivables |
|
1501.208 |
1260.433 |
|
(d) Cash and
bank balances |
|
199.024 |
92.787 |
|
(e)
Short-term loans and advances |
|
53.846 |
53.126 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
2056.854 |
1734.136 |
|
|
|
|
|
|
TOTAL |
|
2259.401 |
1855.611 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
7067.028 |
4889.165 |
|
|
Other Income |
|
96.295 |
34.119 |
|
|
TOTAL |
|
7163.323 |
4923.284 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
6091.905 |
4436.492 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
25.014 |
(104.516) |
|
|
Employee benefit expense |
|
52.900 |
34.116 |
|
|
CSR expenditure |
|
2.302 |
1.832 |
|
|
Other expenses |
|
709.623 |
438.408 |
|
|
TOTAL |
|
6881.744 |
4806.332 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
281.579 |
116.952 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
36.745 |
19.446 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
244.834 |
97.506 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
4.202 |
2.986 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
240.632 |
94.520 |
|
|
|
|
|
|
|
Less |
TAX |
|
84.662 |
33.473 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD FROM CONTINUING OPERATIONS |
|
155.970 |
61.047 |
|
|
|
|
|
|
|
|
Share of profit (loss) of associates |
|
5.298 |
17.272 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
161.267 |
78.319 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
|
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
|
0.000 |
0.000 |
|
|
Earnings / (Loss) Per
Share (INR) |
|
16.67 |
8.10 |
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 |
BUSINESS REVIEW/STATE
OF THE COMPANY’S AFFAIRS:
Compared to last year, this year the demand and requirement of customers have increased and thus there is an increase in the overall revenue from operations in the current year. Further the overall expenses have also increased in lines with the booming business. Overall it was a good year for your company.
In the current year the company recorded a revenue of INR 7163.323 Million a PBT of INR 240.632 Million and a PAT of INR 155.969 Million as against a revenue of INR 4923.285 Million, a PBT of INR 94.520 Million and a PAT of INR 61.046 Million in last year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
72.341 |
58.089 |
|
|
|
|
|
Total |
72.341 |
58.089
|
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G10967487 |
10397079 |
YES BANK LIMITED |
30/11/2012 |
19/05/2016 |
- |
200000000.0 |
YES ABNK Tower, IFC 2, 23rd Floor,Senapati Bapat Marg, Elphinstone(W),MumbaiMH400013IN |
|
2 |
G17509308 |
10194635 |
KOTAK MAHINDRA BANK LIMITED |
27/11/2009 |
20/06/2015 |
- |
495000000.0 |
Unit no 2/3/4, Marathon Max Building,Mulund Goregoan Link Rd, Mulund WestMumbaiMH400080IN |
|
3 |
B75492850 |
90141996 |
BANK OF MAHARASTRA |
12/07/1997 |
28/09/1998 |
04/05/2013 |
950000.0 |
GHATKOPAR (EAST)MUMBAIMH400077IN |
|
4 |
B04624474 |
10017254 |
BANK OF MAHARASHTRA |
11/08/2006 |
16/08/2008 |
22/01/2011 |
150000000.0 |
LOKMANGAL 1501, SHIVAJINAGAR,PUNEMH411005IN |
|
5 |
B05663554 |
10049981 |
BANK OF MAHARASHTRA |
30/03/2007 |
- |
18/01/2011 |
60000000.0 |
GHATKOPAR BRANCH,R.B. MEHTA MARG, GHATKOPAR (EAST)MUMBAIMH400077IN |
FIXED ASSETS
- Buildings
- Office building
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 : |
KMN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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.