|
|
|
MIRA INFORM REPORT
|
Report No. : |
496030 |
|
Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME PAPER MILLS LIMITED |
|
|
|
|
Registered
Office : |
12 Darga Road, Ground Floor, Kolkata – 700017, West Bengal |
|
Tel. No.: |
91-33-40141313 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
23.07.1974 |
|
|
|
|
Com. Reg. No.: |
21-029542 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 96.070 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21015WB1974PLC029542 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0288019946 |
|
|
|
|
TIN No.: |
19200211041 |
|
|
|
|
CST No.: |
19200211235 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19AADCS7640A1ZI |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS7640A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and importer of writing printing paper, ink writing paper, pulp, paper and paper board and paper board articles. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
600 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 980000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1974 and it
is having satisfactory track records. For the financial year 2017, the company has achieved healthy revenue
from its operation and maintained average profitability margin of 3.52%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and low debt balance sheet. Further, rating also derives strength from its established track
records of business operation and decent improvement in the profitability
during the year. Trade relations are reported as fair. Business is active. Payments
terms are reported 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 Rating= BB (Issuer
Non-Cooperative) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
31.01.2018 |
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 PARTED BY
|
Name : |
Mr. S. M. Verma |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-33-40141313 |
|
Date : |
08.03.2018 |
LOCATIONS
|
Registered Office/ Factory : |
12 Darga Road, Ground Floor, Kolkata – 700017, West Bengal, India |
|
Tel. No.: |
91-33-40141313 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Raj Kumar Todi |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2, Queens Park, Kolkata – 700019, West
Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.11.1957 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01176221 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Dhruv Todi |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2/2C, Plot-B, Sarat Bose Road, Kolkata –
700020, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.11.1984 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.12.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01082135 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Praduman Kumar Jain |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
17, Ballygunge Park Road, Kolkata – 700019,
West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.06.1945 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00348106 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Yezdezard Jehangir Dastoor |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
11/4 Old Ballygunge, 2nd Lane, Kolkata – 700019,
West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.09.1955 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2010 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00788485 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Manujendra Nath Tagore |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
6, Amarpali, 27/51, K M Naskar Road,
Kolkata – 700040, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.01.1947 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.09.2013 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01199583 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanat Kumar Mondal |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Sarsuna Satellite Township H2-178, Sakuntala
Park, Kolkata – 700061, West Bengal, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.08.1999 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02471094 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sanwar Mal Varma |
|
Designation : |
Company Secretary |
|
Address : |
B 16/8 Karuna Mayee Housing Estate,
Saltlake, Kolkata – 700091, West Bengal, India |
|
Date of Birth/Age : |
18.09.1945 |
|
Date of Appointment : |
31.08.1999 |
|
PAN No.: |
ABPPV7066D |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 20.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
24.19 |
|
Promoters [Bodies
corporate] |
22.52 |
|
Promoters [others
(Trust)] |
44.29 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
0.79 |
|
Public/Other than promoters [Financial
institutions] |
1.41 |
|
Public/Other than promoters [Body corporate] |
6.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and importer of writing printing paper, ink writing paper, pulp, paper and paper board and paper board articles. [Registered activity and also confirmed by management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
|
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C and Advance Payment |
||||
|
|
|
||||
|
Purchasing : |
L/C and Advance Payment |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Manufacturer
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
600 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
K Prasad and Company Chartered Accountants |
|
Address : |
24, R.N. Mukh Road, Kolkata – 700001, West Bengal, India |
|
PAN No.: |
AAFFK7239N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 20.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9607000 |
Equity Shares |
INR 10/- each |
INR 96.070 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 |
96.070 |
96.070 |
96.070 |
|
(b) Reserves & Surplus |
246.848 |
232.836 |
233.517 |
|
(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) |
342.918 |
328.906 |
329.587 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
96.893 |
98.397 |
89.279 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
29.414 |
25.451 |
11.099 |
|
(d) Long-term
provisions |
6.644 |
8.282 |
9.000 |
|
Total Non-current
Liabilities (3) |
132.951 |
132.130 |
109.378 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
116.938 |
83.243 |
92.127 |
|
(b) Trade
payables |
122.079 |
166.719 |
167.054 |
|
(c) Other current
liabilities |
16.240 |
20.438 |
21.146 |
|
(d) Short-term
provisions |
1.000 |
0.800 |
0.700 |
|
Total Current
Liabilities (4) |
256.257 |
271.200 |
281.027 |
|
|
|
|
|
|
TOTAL |
732.126 |
732.236 |
719.992 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
446.842 |
455.295 |
450.825 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
11.873 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.038 |
0.038 |
0.038 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
1.552 |
1.553 |
1.553 |
|
Total Non-Current
Assets |
448.432 |
456.886 |
464.289 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
162.052 |
139.276 |
104.700 |
|
(c) Trade
receivables |
79.586 |
89.811 |
110.375 |
|
(d) Cash
and cash equivalents |
10.533 |
12.490 |
9.688 |
|
(e)
Short-term loans and advances |
31.523 |
33.773 |
30.940 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
283.694 |
275.350 |
255.703 |
|
|
|
|
|
|
TOTAL |
732.126 |
732.236 |
719.992 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
530.788 |
527.235 |
505.867 |
|
|
Other Income |
8.636 |
10.443 |
1.784 |
|
|
TOTAL |
539.424 |
537.678 |
507.651 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
310.302 |
321.549 |
298.786 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(33.349) |
(3.370) |
13.399 |
|
|
Employee benefit expense |
45.943 |
41.840 |
38.872 |
|
|
Other expenses |
160.151 |
130.758 |
121.660 |
|
|
Prior period items |
3.141 |
3.198 |
5.389 |
|
|
Exceptional items |
0.000 |
11.824 |
0.000 |
|
|
TOTAL |
486.188 |
505.799 |
478.106 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
53.236 |
31.879 |
29.545 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
19.165 |
13.666 |
13.967 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
34.071 |
18.213 |
15.578 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
15.405 |
14.240 |
12.376 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
18.666 |
3.973 |
3.202 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
18.666 |
3.973 |
3.202 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.94 |
0.41 |
0.33 |
Expected Sales (2017-2018): INR 600.000 Million
The above information has been parted by Mr. S. M. Verma (Company
Secretary)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.381 |
1.233 |
9.930 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
18.656 |
3.960 |
3.202 |
|
Net cash flows from (used in) operating activities |
18.636 |
3.946 |
3.202 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
54.73 |
62.18 |
79.64 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.67 |
5.87 |
4.58 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
143.60 |
189.25 |
204.07 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.33 |
0.23 |
0.28 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.12 |
0.07 |
0.06 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.48 |
0.51 |
0.53 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.63 |
0.56 |
0.58 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.75 |
0.82 |
0.85 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.30 |
1.38 |
1.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.78 |
2.33 |
2.12 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
3.52 |
0.75 |
0.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.55 |
0.54 |
0.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.44 |
1.21 |
0.97 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.11 |
1.02 |
0.91 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.47 |
0.50 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.47 |
0.45 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.24 |
1.90 |
1.99 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.11 |
1.02 |
0.91 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
96.070 |
96.070 |
96.070 |
|
Reserves & Surplus |
233.517 |
232.836 |
246.848 |
|
Net
worth |
329.587 |
328.906 |
342.918 |
|
|
|
|
|
|
Long-term borrowings |
89.279 |
98.397 |
96.893 |
|
Short term borrowings |
92.127 |
83.243 |
116.938 |
|
Current maturities of
long-term debts |
9.930 |
1.233 |
1.381 |
|
Total
borrowings |
191.336 |
182.873 |
215.212 |
|
Debt/Equity
ratio |
0.581 |
0.556 |
0.628 |
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 |
505.867 |
527.235 |
530.788 |
|
|
|
4.224 |
0.674 |
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 |
505.867 |
527.235 |
530.788 |
|
Profit/ (Loss) |
3.202 |
3.973 |
18.666 |
|
|
0.63
% |
0.75
% |
3.52
% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
SALES MARKET HIGHLIGHTS / PERFORMANCE
The market for writing printing paper improved during the year on account of demand from - various segments and new customer acquisition. The quality improvement has resulted in the entry of new customers. The new brands launched in the note book segment namely Mastermind and Supreme Royale and the revamp of existing brands during the financial year has given us a good base to increase sales. New Logos and packaging for notebooks were also launched. The company hopes to get benefits out of the initiative in the current financial year. The company seeks to achieve better sales realization on account of improvement in quality of products across segments.
Further the demand for paper also increased on account of introduction of various Government education scheme and drive of the Government towards literacy relating to increase in number of students resulting increase in Net profit.
PRODUCTION
The production during the financial year has been increased in comparison to F.Y. 2015-16 on account of planned preventive maintenance and installation of new equipments.
The company expect better production in the current financial year 2017-18 than the earlier years and the management also envisage better sales realization in the year 2017-18. There has been substantial capital expenditure in the year 2014-15, 2015-16 and 2016-17 to achieve the capacity and improved quality on sustained basis.
The installation of equipment in the paper machine as well as in Pulp Mill shall result in better quality of paper, resulting better sales realization and margin expansion in the year 2017-18.
There has been inclusion of more taxable services, modifications and amendments in the negative list and exempted services under the Union Budget for the F.Y. 2017-18. The rate of Service Tax is 15% such as Service Tax @ 14%, Swach Bharat tax @ 0.5% and Krishi Kalyan tax @ 0.5% resulted increase in cost of input services.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
19.962 |
0.504 |
|
|
|
|
|
Total |
19.962 |
0.504 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G78066396 |
100157264 |
AXIS BANK LIMITED |
18/01/2018 |
- |
- |
245000000.0 |
CORPORATE BANKING BRANCH, 3RD FLOOR, AC MARKET1 SHAKESPEARE SARANIKOLKATAWB700071IN |
|
2 |
B82775107 |
10444399 |
HDFC BANK LIMITED |
01/08/2013 |
- |
- |
1100000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL W MUMBAI MH400013IN |
|
3 |
B97062491 |
80063626 |
STATE BANK OF INDIA |
08/09/1982 |
30/01/2014 |
- |
135000000.0 |
SME BRANCH: BHOWANIPORE'PREMLATA', 2ND FLOOR, 39, SHAKESPEARE SARANIKOLKATAWB700017IN |
|
4 |
C58088238 |
10513771 |
SREI EQUIPMENT FINANCE LIMITED |
15/07/2014 |
- |
29/06/2015 |
13407562.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA WB700046IN |
|
5 |
A96670674 |
90253272 |
THREE HA INDUSTRIES LIMITED |
28/10/1987 |
26/04/2004 |
25/09/2010 |
900000.0 |
19, R.N MUKHERJEE ROAD, MAIN BUILDING KOLKATA WB700001IN |
|
6 |
A96671482 |
80060771 |
THREE HA INDUSTRIES LIMITED |
22/02/1980 |
05/05/2005 |
25/09/2010 |
20600000.0 |
19, R.N MUKHERJEE ROAD, MAIN BUILDING, 1ST FLOOR KOLKATA WB700001IN |
|
7 |
A96670047 |
90253436 |
THREE HA INDUSTRIES LIMITED |
13/12/1991 |
26/04/2004 |
25/09/2010 |
9700000.0 |
19, R.N MUKHERJEE ROAD, MAIN BUILDING KOLKATA WB700001IN |
|
8 |
A96669437 |
80060772 |
THREE HA INDUSTRIES LIMITED |
25/05/2006 |
22/06/2006 |
25/09/2010 |
188855000.0 |
19, R.N MUKHERJEE ROAD, MAIN BUILDING, 1ST FLOOR KOLKATA WB700001IN |
|
9 |
A96670948 |
80060770 |
THREE HA INDUSTRIES LIMITED |
05/09/1981 |
26/04/2004 |
25/09/2010 |
5000000.0 |
19, R.N MUKHERJEE ROAD, MAIN BUILDING, 1ST FLOOR KOLKATA WB700001IN |
|
10 |
A96671706 |
90253112 |
THREE HA INDUSTRIES LIMITED |
28/09/1979 |
26/04/2004 |
25/09/2010 |
5000000.0 |
19, R.N MUKHERJEE ROAD, MAIN BUILDING, 1ST FLOOR KOLKATA WB700001IN |
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 64.92 |
|
|
1 |
INR 90.23 |
|
Euro |
1 |
INR 80.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
NO |
|
--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.