|
|
|
MIRA INFORM REPORT
|
Report No. : |
495757 |
|
Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ARYAN PAPERS MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 177 and 178, IInd Phase, G.I.D.C. Bulsar, Vapi – 395196,
Gujarat |
|
Tel. No.: |
91-260-2423647 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
04.08.1989 |
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|
|
|
Com. Reg. No.: |
04-012586 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 17.172 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21010GJ1989PTC012586 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0390011525 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACA3997R |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAACA3997R1Z1 |
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|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
The business of the Company is Manufacturing and Selling of Kraft Paper and Distribution and Generation of Power. (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 |
|
Maximum Credit Limit : |
USD 500000 |
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|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Clear |
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|
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|
Comments : |
Subject was incorporated in the year 1989. It is a manufacturer of corrugated paper and paperboard. As per the financial records of 2017, the company has reported 1.79% dip in its revenue as compared to the previous year along with a low profit margin of 0.75%. The sound financial risk profile of the company is marked by adequate
networth base along with average debt coverage metrics due to comfortable
debt balance sheet profile. 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.
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 |
ICRA |
|
Rating |
Long Term Bank Facilities= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
12.04.2017 |
|
Rating Agency Name |
ICRA |
|
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 09.03.2018
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 [91-260-2430110 (Accounts Department)]
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 177 and 178, IInd Phase, G.I.D.C. Bulsar, Vapi – 395196,
Gujarat, India |
|
Tel. No.: |
91-260-2423647 / 2430110 |
|
Fax No.: |
91-260-2401308 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 sq. ft. |
|
Location : |
Owned |
|
|
|
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Head Office : |
2, Parimal Co-operative Housing Society, S.V. Road, Andheri (West),
Mumbai – 400058, Maharashtra, India |
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|
|
|
Group Mumbai Office : |
2, Parimal, V.P. Road, Andheri (West), Mumbai – 400058, Maharashtra,
India |
|
Tel No.: |
91-22-26250246 |
DIRECTORS
As on 31.03.2017
|
Name : |
Ghattu Ramanna Narayan |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Flat Nos. 1010-1013, 10th Floor, D-Wing, Park Side, III,
Raheja Estate Complex, Kanheri, Borivali, Mumbai – 400066, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.08.1941 |
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Qualification : |
B.COM |
||||||||||||||||||||||||||||
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Date of Appointment : |
01.12.1994 |
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PAN No.: |
ACGPG1421M |
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DIN No.: |
00020575 |
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|
||||||||||||||||||||||||||||
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Name : |
Mihir Rajan Shah |
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Designation : |
Whole-Time Director |
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|
Address : |
16-17, Sukhshanti, 65 Nutan Laxmi Society, N.S. Road No.8,
JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.03.1979 |
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|
Qualification : |
BE WITH MBA |
||||||||||||||||||||||||||||
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Date of Appointment : |
01.10.2002 |
||||||||||||||||||||||||||||
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PAN No.: |
ABUPS5984L |
||||||||||||||||||||||||||||
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DIN No.: |
00307467 |
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Other Directorship:
|
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|
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Name : |
Sunil Krishnalal Shah |
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Designation : |
Managing Director |
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|
Address : |
14-15, Sukhshanti Apartment, Nutan Laxmi Society, N.S.
Road No.8, JVPD, Parle (West), Mumbai – 400049, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.10.1960 |
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|
Qualification : |
B. E (Electricals) |
||||||||||||||||||||||||||||
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Date of Appointment : |
04.08.1989 |
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PAN No.: |
AACPS6976K |
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DIN No.: |
00307517 |
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|
|
||||||||||||||||||||||||||||
|
Name : |
Rajan Krishnalal Shah |
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|
Designation : |
Whole-Time Director |
||||||||||||||||||||||||||||
|
Address : |
Fl-15, Sukhshanti Building, 65 Nutan Laxmi Society, Floor
N.S. Road-8, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.10.1960 |
||||||||||||||||||||||||||||
|
Qualification : |
MBA Finance |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.10.2014 |
||||||||||||||||||||||||||||
|
PAN No.: |
AACPS6975L |
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|
DIN No.: |
00307568 |
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|
|
||||||||||||||||||||||||||||
|
Name : |
Param Mukesh Gandhi |
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|
Designation : |
Whole-Time Director |
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|
Address : |
11 Vasant Mahal C Road, Churchgate, Mumbai – 400020,
Maharashtra, India |
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|
Date of Birth/Age : |
30.07.1987 |
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|
Qualification : |
BE |
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|
Date of Appointment : |
27.02.2015 |
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PAN No.: |
AIXPG1050H |
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DIN No.: |
02247813 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Shah Sunil Krishnalal Joint Mrs. Jayshree Sunil Shah |
570586 |
|
Shah Jayshree Sunil Joint Mr. Sunil K Shah |
59000 |
|
Shah Rajen Krishnalal Joint Mrs. Usha Rajen Shah |
347785 |
|
Shah Usha Rajen Joint Mr. Rajen K Shah |
51000 |
|
Sheth Mansuklal Jivandas |
60000 |
|
Sheth Indumati Mansuklal |
50000 |
|
Vyas Chetan Prabhashankar |
3500 |
|
Haria Bharati Manilal Joint Mr. Manilal Nanji Haria |
5000 |
|
Ladhawala Parag Induprasad |
10000 |
|
Gandhi Leena Mukesh Joint Mr. Mukesh Popatbhai Gandhi |
55500 |
|
Shah Amita Pradeep Joint Mr. Pradeep Kantilal Shah |
16500 |
|
Haria Manilal Nanji Joint Mrs. Bharti Manilal Haria |
5000 |
|
Vyas Ashok Prabhashankar |
3500 |
|
Vyas Rahul Prabhashankar |
3500 |
|
Shah Mihir Rajen Joint Mrs. Meghna Mihir |
170315 |
|
Jaydev C.Shah (HUF) Joint Nimesh Jaydev Shah Joint Chandrika Jaydev Shah |
1 |
|
Shah Chhaya Nimesh Joint Nimesh Sureshchandra Shah |
1 |
|
Babla Sushila Jaysinh Joint Jaysinh Jamnadas Babla |
1 |
|
Krishnalal Chimanlal Shah (HUF) |
150001 |
|
Dalal Sandhya Nitin Joint Nitin Hiralal Dalal |
1 |
|
Ladhawala Induprasad Mohanlal Joint Ladhawala Parag Induprasad Joint Ladhawala Hemali Parag |
6000 |
|
Shah Sunil Krishnalal Joint Shantaben Lakhani Joint Manharlal Sanghavi |
1 |
|
Shah Sunil Krishnalal Joint Miss Alpa Doshi Joint Smt.Urmila Mehta |
1 |
|
Shah Sunil Krishnalal Joint Mrs. Swati Utpal Doshi Joint Mr. Utpal Ramesh Doshi |
1 |
|
Shah Sunil Krishnalal Joint Mr. Bhavesh Jaysukhlal Vora Joint Mrs. Jasmin Bhavesh Vora Joint Mrs. Kinnari Amit Shah |
1 |
|
Shah Virendra Nanubhai Joint Smt. Ila V Shah |
1 |
|
Shah Sunil Krishnalal Joint Vaishali R Upadhyay Joint R.R. Desai Karta of HUF Joint Mr. Rashmikant R Desai Joint Mrs. Meena R Desai |
1 |
|
Shah Sunil Krishnalal Joint Smt. Mita Navin Shah |
1 |
|
Shah Sunil Krishnalal Joint Sunil K. Shah HUF |
1 |
|
Shah Sunil Krishnalal Joint Kraftex Trading Private Limited Joint Madhukar Singhania |
1 |
|
Globopac India Private Limited |
150000 |
|
|
|
|
Total |
1717200 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
81.63 |
|
Promoter - Bodies
corporate |
18.37 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The business of the Company is Manufacturing and Selling of Kraft Paper and Distribution and Generation of Power. (Registered activity) |
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Products : |
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||||
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Brand Names : |
Not Divulged |
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|
||||
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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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|
|
|
||||||||||||||||||||||||
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Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Ladhawala and Shah Chartered Accountants |
|
Address : |
Maitri Heights, 1st Floor, 74, Bhaudaji Road, Matunga C. R., Mumbai –
400019, Maharashtra, India |
|
Tel. No.: |
91-22-24013202 |
|
Fax No.: |
91-22-24013282 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFL0743R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Others : |
· Globopac India Private Limited, India U21093MH2012PTC225960 · Aryan Packaging Products Private Limited, India ·
Aryan Packaging Industries |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1717200 |
Equity Shares |
INR 10/- each |
INR 17.172 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 |
17.172 |
17.172 |
17.172 |
|
(b) Reserves & Surplus |
156.931 |
148.525 |
110.217 |
|
(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) |
174.103 |
165.697 |
127.389 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
190.491 |
65.040 |
12.797 |
|
(b) Deferred tax liabilities
(Net) |
16.582 |
13.086 |
13.328 |
|
(c) Other long term
liabilities |
97.417 |
82.881 |
59.336 |
|
(d) long-term provisions |
0.926 |
1.665 |
1.622 |
|
Total
Non-current Liabilities (3) |
305.416 |
162.672 |
87.083 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
65.045 |
57.805 |
61.080 |
|
(b) Trade payables |
152.999 |
122.019 |
136.494 |
|
(c) Other current liabilities |
18.900 |
13.186 |
15.286 |
|
(d) Short-term provisions |
0.000 |
4.027 |
5.232 |
|
Total
Current Liabilities (4) |
236.944 |
197.037 |
218.092 |
|
|
|
|
|
|
TOTAL |
716.463 |
525.406 |
432.564 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
441.280 |
201.696 |
183.146 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
65.729 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.034 |
0.034 |
0.034 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
16.391 |
13.951 |
9.527 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
462.705 |
281.410 |
192.707 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
50.333 |
56.612 |
56.053 |
|
(c) Trade receivables |
177.739 |
148.126 |
161.811 |
|
(d) Cash and cash equivalents |
7.123 |
6.993 |
9.681 |
|
(e) Short-term loans and
advances |
4.096 |
21.895 |
6.513 |
|
(f) Other current assets |
14.467 |
10.370 |
5.799 |
|
Total
Current Assets |
253.758 |
243.996 |
239.857 |
|
|
|
|
|
|
TOTAL |
716.463 |
525.406 |
432.564 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1114.560 |
1134.839 |
1143.303 |
|
|
Other Income |
1.300 |
1.694 |
1.681 |
|
|
TOTAL
|
1115.860 |
1136.533 |
1144.984 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
722.476 |
731.159 |
743.987 |
|
|
Purchases of Stock-in-Trade |
4.667 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
9.841 |
(3.672) |
(4.926) |
|
|
Employees benefits expense |
43.484 |
42.619 |
36.858 |
|
|
Exceptional Items |
0.000 |
0.010 |
(0.093) |
|
|
Other expenses |
268.134 |
286.166 |
283.972 |
|
|
TOTAL |
1048.602 |
1056.282 |
1059.798 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
67.258 |
80.251 |
85.186 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
26.619 |
17.485 |
20.194 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
40.639 |
62.766 |
64.992 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
28.736 |
23.508 |
23.889 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
11.903 |
39.258 |
41.103 |
|
|
|
|
|
|
|
Less |
TAX |
3.497 |
0.951 |
7.251 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
8.406 |
38.307 |
33.852 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
318.776 |
317.659 |
256.498 |
|
|
Components and Stores parts |
1.191 |
2.772 |
0.000 |
|
|
Capital Goods |
12.027 |
1.263 |
0.000 |
|
|
TOTAL
IMPORTS |
331.994 |
321.694 |
256.498 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
4.90 |
22.31 |
21.75 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
91.960 |
57.468 |
78.647 |
|
Net cash flows from (used in) operating activities |
84.602 |
47.963 |
70.811 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
58.21 |
47.64 |
51.66 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.27 |
7.66 |
7.07 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
76.80 |
60.91 |
66.96 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.34 |
1.42 |
1.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.15 |
0.30 |
0.47 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.60 |
0.50 |
0.53 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.47 |
0.74 |
0.58 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.36 |
1.19 |
1.71 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.53 |
1.61 |
1.44 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.53 |
4.59 |
4.22 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
0.75 |
3.38 |
2.96 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.17 |
7.29 |
7.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.83 |
23.12 |
26.57 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.07 |
1.24 |
1.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.86 |
0.95 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.24 |
0.32 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
14.88 |
7.15 |
4.30 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.07 |
1.24 |
1.10 |
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 |
17.172 |
17.172 |
17.172 |
|
Reserves & Surplus |
110.217 |
148.525 |
156.931 |
|
Net
worth |
127.389 |
165.697 |
174.103 |
|
|
|
|
|
|
Long Term borrowings |
12.797 |
65.040 |
190.491 |
|
Short Term borrowings |
61.080 |
57.805 |
65.045 |
|
Total
borrowings |
73.877 |
122.845 |
255.536 |
|
Debt/Equity
ratio |
0.580 |
0.741 |
1.468 |
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
|
1143.303 |
1134.839 |
1114.560 |
|
|
|
(0.740) |
(1.787) |
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
|
1143.303 |
1134.839 |
1114.560 |
|
Profit |
33.852 |
38.307 |
8.406 |
|
|
2.96% |
3.38% |
0.75% |
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 |
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) |
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 |
GENERAL INFORMATION
The Company is a closely held Company incorporated on 4th August, 1989 under the provisions of the Companies Act, 1956. The business of the Company is that of manufacturing and selling of Kraft Paper and distribution and generation of Power.
FINANCIAL
RESULTS
The Profit after tax for the financial year under reference is reduced to INR 8.406 Million as compared to INR 38.307 Million for the financial year 2015-16.
The Net Surplus of INR 142.211 Million at the beginning of the year plus INR 8.403 Million of the Year under reference aggregating to INR 150.614 Million has been carried to the Balancesheet.
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G44808384 |
100100119 |
STATE BANK OF INDIA |
23/05/2017 |
- |
- |
328300000.0 |
SPECIALISED COMMERCIAL BR, VIA HOUSE, PLOT NO.135,GIDC CHAR RASTAVAPIGJ396195IN |
|
2 |
G44808087 |
90112665 |
STATE BANK OF INDIA |
09/04/2001 |
11/05/2017 |
- |
328300000.0 |
SPECIALISED COMMERCIAL BR, VIA HOUSE, PLOT NO.135,GIDC CHAR RASTAVAPIGJ396195IN |
|
3 |
A09414202 |
80021483 |
SARDARBHILADWALAPARDIPEOPLESCOOPBANKLIMITED |
15/01/2001 |
- |
10/01/2007 |
4900000.0 |
GIDCVAPIGJ396195IN |
|
4 |
A09414012 |
90112732 |
SARDAR BHILAWALA PARDI PEOPLES CO-OP B ANK LTD |
27/08/2002 |
- |
10/01/2007 |
1650000.0 |
GIDCVALSADVAPIGJ396195IN |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 : |
SUV |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KJL |
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.