|
|
|
MIRA INFORM REPORT
|
Report No. : |
497196 |
|
Report Date : |
12.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
DHANUKA LABORATORIES LIMITED |
|
|
|
|
Registered
Office : |
82, Abhinash Mansion, 1st Floor, Joshi Road, Karol Bagh, New Delhi - 110005 |
|
Tel. No.: |
91-11-64656800-02 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
24.02.1993 |
|
|
|
|
Com. Reg. No.: |
55-052285 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 100.396 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100DL1993PLC052285 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0598003959 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD04043E |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD2877R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Drugs and Pharmaceuticals Ingredients. (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 2900000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
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Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1993. It is engaged in
manufacturing and exporting of Active Pharmaceutical Ingredients. (APIs) and
Advanced Intermediates of Cephalosporin antibiotics. As per the financial records of 2017, the company has achieved an
average growth of 1.76% in its revenue as compared to the previous year and
earned a net profit margin of 4.30%. Rating takes into consideration the company’s healthy financial
position marked by above average net worth base along with low debt balance
sheet profile and satisfactory liquidity position. Rating also takes into consideration the company’s favourable Earnings
Per Share (EPS) of INR 150.25 as against its Face Value (FV) of INR 100. Business is active. Payments seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 Loans = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
18.01.2018 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Loans = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
18.01.2018 |
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 12.03.2018
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 BY
|
Name : |
Mr. Rakesh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-11-64656800 / 02 |
|
Date : |
10.03.2018 |
Tel. No.: 91-124-3838500 / 3938900 – Ringing
LOCATIONS
|
Registered Office : |
82, Abhinash Mansion, 1st Floor, Joshi Road, Karol Bagh, New Delhi – 110005, India |
|
Tel. No.: |
91-11-64656800-02 |
|
Fax No.: |
91-11-43850614 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Commercial cum Industrial |
|
|
|
|
Corporate Office : |
Dhanuka Agritech Limited, 14th Floor, Building 5A, DLF Cyber Terrace, Cyber City, DLF Phase III, Gurgaon- 122002, Haryana, India |
|
Tel. No.: |
91-124-3838500 |
|
|
|
|
Factory/ Warehouse: |
7th KM, Old Manesar Road, Khandsa Road, Mohammedpur, Sector
36A, Mohammedpur Jharsa, Gurgaon – 122001, Haryana, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Arjun Dhanuka |
||||||||||||||||||||||||||||
|
Designation : |
Whole-Time Director |
||||||||||||||||||||||||||||
|
Address : |
31-B Cottage-4, Rajpur Road, Delhi - 110054, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.08.2015 |
||||||||||||||||||||||||||||
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DIN No.: |
00454689 |
||||||||||||||||||||||||||||
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Other
Directorship :
|
|||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Manish Dhanuka |
||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||
|
Address : |
Cottage No 4 , 31 B, Rajpur Road , Civil Lines, Delhi -110054, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.09.1967 |
||||||||||||||||||||||||||||
|
Qualification : |
M. Tech |
||||||||||||||||||||||||||||
|
Experience: |
25 Years |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.03.2014 |
||||||||||||||||||||||||||||
|
PAN No.: |
AAEPD0075G |
||||||||||||||||||||||||||||
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DIN No : |
00238798 |
||||||||||||||||||||||||||||
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Other
Directorship :
|
|||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Arun Kumar Dhanuka |
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|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
31-B, Cottage No. 4, Rajpur Road, Civil Lines, Delhi - 110054, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.05.1957 |
||||||||||||||||||||||||||||
|
Qualification : |
Commerce Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
24.02.1993 |
||||||||||||||||||||||||||||
|
PAN No.: |
AAFPD3685B |
||||||||||||||||||||||||||||
|
DIN No : |
00627425 |
||||||||||||||||||||||||||||
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Other
Directorship :
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Rahul Dhanuka |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Plot No. 95A, E-2 Lane, Eastern Avenue, Sainik Farms, New Delhi - 110062, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.04.1975 |
||||||||||||||||||||||||||||
|
Qualification : |
B.SC and M.B.A |
||||||||||||||||||||||||||||
|
Date of Appointment : |
AADPD2150P |
||||||||||||||||||||||||||||
|
PAN No.: |
02.03.1999 |
||||||||||||||||||||||||||||
|
DIN No : |
00150140 |
||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Mridul Dhanuka |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Plot No. 95B, E-2 Lane, Eastern Avenue, Sainik Farms, New Delhi - 110062, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.10.1980 |
||||||||||||||||||||||||||||
|
Qualification : |
B Tech, MBA |
||||||||||||||||||||||||||||
|
Date of Appointment : |
06.10.2005 |
||||||||||||||||||||||||||||
|
PAN No.: |
AFEPD9167L |
||||||||||||||||||||||||||||
|
DIN No : |
00199441 |
||||||||||||||||||||||||||||
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Other Directorship
:
|
|||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||
|
Name : |
Mrs. Seema Dhanuka |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
31-B, Rajpur Road, Cottage No-4, Delhi -110054, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.05.1969 |
||||||||||||||||||||||||||||
|
Qualification : |
Commerce Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
21.09.1996 |
||||||||||||||||||||||||||||
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PAN No.: |
AAEPD0576A |
||||||||||||||||||||||||||||
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DIN No.: |
00455088 |
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Other
Directorship :
|
|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Arun Kumar Dhanuka |
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|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
31-B, Cottage No. 4, Rajpur Road, Civil Lines, Delhi - 110054, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.05.1957 |
||||||||||||||||||||||||||||
|
Qualification : |
Commerce Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
24.02.1993 |
||||||||||||||||||||||||||||
|
PAN No.: |
AAFPD3685B |
||||||||||||||||||||||||||||
|
DIN No : |
00627425 |
||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Mahendra Kumar Dhanuka |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Plot No. 95-B, E-2 Lane, Eastern Avenue, Sainik Farm, New Delhi - 110062, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.12.1954 |
||||||||||||||||||||||||||||
|
Qualification : |
Commerce Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
02.03.1999 |
||||||||||||||||||||||||||||
|
PAN No.: |
AADPD9888L |
||||||||||||||||||||||||||||
|
DIN No.: |
00628039 |
||||||||||||||||||||||||||||
|
Other Directorship
:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Kunj Sonthalia |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
C-122, Sushant Apartments, Block-C, Sushant Lok-I, Gurgaon - 122001, Haryana, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||
|
DIN No.: |
00756382 |
||||||||||||||||||||||||||||
|
Other
Directorship :
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Naresh Kumar |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
House No.1071 Sector 36-C, Chandigarh -160036, Chandigarh, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||
|
DIN No.: |
01109265 |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mrs. Urmila Dhanuka |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Plot No. 95A, E-2 Lane,Eastern Avenue, Sainik Farm, New Delhi, New Delhi - 110062, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1951 |
||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
24.10.2001 |
||||||||||||||||||||||||||||
|
PAN No.: |
AAAPD1027E |
||||||||||||||||||||||||||||
|
DIN No.: |
01252045 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Rakesh |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Mr. Sunil Kumar Gupta |
|
Designation : |
Chief Finance Office |
|
Address : |
H No. D1455sf, South City-2, Village - Teekri, Tehsil: Gurgaon, District Gurgaon 122005, Haryana, India |
|
Date of Birth / Age
: |
55 Years |
|
Qualification : |
B.Com, C.A |
|
Experience : |
31 Years |
|
Date of Appointment : |
05.04.2016 |
|
PAN No.: |
ACFPG7868R |
|
|
|
|
Name : |
Ms. Anushree Bhatt |
|
Designation : |
Company Secretary |
|
Address : |
24, Pocket D, Mayur Vihar Phase-II, Delhi-110091, India |
|
Date of Appointment : |
05.04.2016 |
|
PAN No.: |
AURPB4368D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
|
Ram Gopal Agarwal |
64250 |
|
M.K. Dhanuka |
67250 |
|
Urmila Dhanuka |
40000 |
|
Uma Dhanuka |
58500 |
|
Rahul Dhanuka |
23100 |
|
Mridul Dhanuka |
1000 |
|
Harsh Dhanuka |
15000 |
|
Reema Khowala |
1000 |
|
R.G. Agarwal (HUF) |
12000 |
|
M.K. Dhanuka (HUF) |
4400 |
|
Rahul Dhanuka (HUF) |
2000 |
|
Mridul Dhanuka (HUF) |
10000 |
|
Harsh Dhanuka (HUF) |
10000 |
|
Arun Kumar Dhanuka |
119560 |
|
Manish Dhanuka |
30640 |
|
Arjun Dhanuka |
30000 |
|
Mamta Dhanuka |
49190 |
|
Seema Dhanuka |
3700 |
|
Pushpa Dhanuka |
57510 |
|
Manish Dhanuka (HUF) |
3850 |
|
Arun Kumar Dhanuka (HUF) |
1000 |
|
Total |
603950 |
LIST OF ALLOTTEES
As on 26.02.2016
|
Names of Allottees |
No. of Shares
Allotted |
|
Ram Gopal Agarwal |
12350 |
|
Rahul Dhanuka |
15300 |
|
Harsh Dhanuka |
3850 |
|
Triveni Trust |
161980 |
|
Manish Dhanuka |
156558 |
|
Seema Dhanuka |
2451 |
|
Manish Dhanuka (HUF) |
2551 |
|
Pushpa Dhanuka Trust |
44970 |
|
Total |
400010 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Drugs and Pharmaceuticals Ingredients. (Registered Activity) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India ·
HSBC Bank (Mauritius) Limited 6th
Floor, HSBC Centre, 18 Cybercity, Ebene, Mauritius, - NA, Mauritius ·
DBS Bank Limited Capital
Point, Baba Kharak Singh Marg, Connaught Place, New Delhi - 110001, India · The Hongkong and Shanghai Banking Corporation Limited 25, Barakhamba Road, New Delhi-110001, India ·
Indusind Bank Limited Dr.
Gopal Das Bhawan, 28, Barakhamba Road, New Delhi - 110001, India · ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda - 390015,
Gujarat, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Goyal Malhotra and
Associates Chartered Accountants |
|
Address : |
D-64 Ground Floor, Near Park Plaza, Hotel Sector 55, Noida, Uttar Pradesh, India |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKFA1724D |
|
|
|
|
Secretarial Audit
Report : |
|
|
Name : |
Himanshu Sharma and Associates |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Joint venture : |
· Otsuka Chemical (India) Private Limited, India U24239DL2006PTC144368 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Dhanuka Agritech Limited, India L24219DL1985PLC020126 |
|
|
|
|
Others: |
· Synmedic Laboratories, India · IKO Overseas, India |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1050000 |
Equity Shares |
INR 100/- each |
INR 105.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1003960 |
Equity Shares |
INR 100/- each |
INR 100.396 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 |
100.396 |
100.396 |
60.395 |
|
(b) Reserves and Surplus |
906.793 |
755.950 |
576.145 |
|
(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) |
1007.189 |
856.346 |
636.540 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
797.747 |
430.325 |
245.763 |
|
(b) Deferred tax liabilities (Net) |
80.781 |
70.834 |
62.274 |
|
(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) |
878.528 |
501.159 |
308.037 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
239.787 |
176.135 |
295.158 |
|
(b) Trade
payables |
703.324 |
698.073 |
760.056 |
|
(c) Other
current liabilities |
55.641 |
56.008 |
56.861 |
|
(d) Short-term
provisions |
63.086 |
50.874 |
42.374 |
|
Total Current
Liabilities (4) |
1061.838 |
981.090 |
1154.449 |
|
|
|
|
|
|
TOTAL |
2947.555 |
2338.595 |
2099.026 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
473.159 |
453.297 |
454.650 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
416.919 |
49.139 |
6.591 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
442.146 |
403.465 |
363.312 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
16.676 |
6.000 |
0.346 |
|
Total Non-Current
Assets |
1348.900 |
911.901 |
824.899 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
399.284 |
404.142 |
436.371 |
|
(c) Trade
receivables |
880.816 |
730.245 |
669.837 |
|
(d) Cash and
bank balances |
58.557 |
139.936 |
3.271 |
|
(e)
Short-term loans and advances |
132.532 |
94.626 |
125.563 |
|
(f) Other
current assets |
127.466 |
57.745 |
39.085 |
|
Total Current
Assets |
1598.655 |
1426.694 |
1274.127 |
|
|
|
|
|
|
TOTAL |
2947.555 |
2338.595 |
2099.026 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
3510.860 |
3450.184 |
3480.610 |
|
|
Other Income |
22.528 |
88.065 |
108.221 |
|
|
TOTAL |
3533.388 |
3538.249 |
3588.831 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2879.851 |
2683.909 |
2847.413 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(97.200) |
78.425 |
(32.313) |
|
|
Employee benefit expense |
127.362 |
104.879 |
89.772 |
|
|
CSR expenditure |
2.613 |
2.418 |
0.000 |
|
|
Other expenses |
348.456 |
369.066 |
379.130 |
|
|
TOTAL |
3261.082 |
3238.697 |
3284.002 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
272.306 |
299.552 |
304.829 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
39.188 |
46.526 |
62.861 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
233.118 |
253.026 |
241.968 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
31.069 |
29.586 |
27.621 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
202.049 |
223.440 |
214.347 |
|
|
|
|
|
|
|
Less |
TAX |
51.206 |
43.636 |
28.847 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
150.843 |
179.804 |
185.500 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
150.25 |
179.09 |
266.78 |
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 |
|
Cash generated from operations |
22.353 |
141.030 |
278.872 |
|
Net cash flow from operating activity |
(21.236) |
105.926 |
234.603 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
91.57 |
77.25 |
70.24 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.99 |
4.72 |
5.20 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
89.14 |
94.93 |
97.43 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.68 |
0.74 |
0.70 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.31 |
0.60 |
0.66 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.63 |
0.60 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.03 |
0.71 |
0.85 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.05 |
1.15 |
1.81 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.88 |
0.59 |
0.72 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6.95 |
6.44 |
4.85 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
4.30 |
5.21 |
5.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.12 |
7.69 |
8.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
14.98 |
21.00 |
29.14 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.51 |
1.45 |
1.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.13 |
1.04 |
0.73 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.34 |
0.37 |
0.30 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
10.33 |
6.04 |
8.96 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.51 |
1.45 |
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 |
60.395 |
100.396 |
100.396 |
|
Reserves & Surplus |
576.145 |
755.950 |
906.793 |
|
Net
worth |
636.540 |
856.346 |
1007.189 |
|
|
|
|
|
|
Long-term borrowings |
245.763 |
430.325 |
797.747 |
|
Short term borrowings |
295.158 |
176.135 |
239.787 |
|
Total
borrowings |
540.921 |
606.460 |
1037.534 |
|
Debt/Equity
ratio |
0.850 |
0.708 |
1.030 |
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 |
3480.610 |
3450.184 |
3510.860 |
|
|
|
(0.874) |
1.759 |
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 |
3480.610 |
3450.184 |
3510.860 |
|
Profit/ (Loss) |
185.500 |
179.804 |
150.843 |
|
|
5.33% |
5.21% |
4.30% |
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 |
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 |
STATE OF COMPANY’S AFFAIRS
- FINANCIAL HIGHLIGHTS
During the Financial Year, the Company earned Profit before Tax of INR 202.049 Million in comparison to INR 223.440 Million during the previous year and an amount of INR 150.843 Million has been transferred to the Reserves.
BUSINESS OPERATIONS
During this period, the Company has exported goods worth INR 1217.643 Million. The Net Profit during this period was INR 150.843 Million after providing for Interest, Income Tax and Depreciation. The provision for Income Tax amounting to INR 51.206 Million has been made. A provision of INR 9.947 Million for deferred tax liability has also been made and Company is entitled to MAT Credit of INR 1.240 Million.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from others |
360.212 |
230.513 |
|
|
|
|
|
Total |
360.212 |
230.513 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G12097200 |
100048061 |
DBS BANK LTD. (As Security Trustee) |
11/07/2016 |
24/08/2016 |
- |
100500000.0 |
CAPITAL POINT, BABA KHARAK SINGH MARGCONNAUGHT PLACE,NEW DELHIDL110001IN |
|
2 |
G11198405 |
10617282 |
The Hongkong and Shanghai Banking Corporation Limited |
14/01/2016 |
24/08/2016 |
- |
100000000.0 |
25, Barakhamba Road,New Delhi-110001New DelhiDL110001IN |
|
3 |
G33435710 |
10602582 |
HSBC Bank (Mauritius) Limited |
21/10/2015 |
20/12/2016 |
- |
390909000.0 |
6th Floor, HSBC Centre,18 Cybercity, Ebene,MauritiusNANAMU |
|
4 |
G12096459 |
10600227 |
DBS BANK LTD. |
07/10/2015 |
24/08/2016 |
- |
180000000.0 |
CAPITAL POINT, BABA KHARAK SINGH MARGCONNAUGHT PLACE,NEW DELHIDL110001IN |
|
5 |
G53184974 |
10328109 |
YES BANK LIMITED |
20/12/2011 |
03/06/2017 |
- |
300000000.0 |
9th Floor,Nehru Centre,Discovery of India,Dr. ANNIE BESANT RIAD,WORLI,MUMBAIMH400018IN |
|
6 |
G45411790 |
10174226 |
HDFC BANK LIMITED |
12/08/2009 |
24/08/2016 |
- |
130000000.0 |
HDFC Bank House,Senapati Bapat MargLower Parel (West)MumbaiMH400013IN |
|
7 |
G45106382 |
10054143 |
INDUSIND BANK LTD. |
12/04/2007 |
24/08/2016 |
- |
200000000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
8 |
B44326981 |
80000210 |
HDFC BANK LIMITED |
13/07/2005 |
01/06/2012 |
- |
100000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
G69358414 |
10480791 |
Corporation Bank |
03/02/2014 |
- |
30/11/2017 |
1100000.0 |
S.C.F 87/88, Shopping Area Complex,Sector-14GurgaonHR122001IN |
|
10 |
G60758604 |
10025720 |
ICICI BANK LIMITED |
13/10/2006 |
- |
24/10/2017 |
63000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Other money for which company is contingently liable |
6.360 |
6.360 |
FIXED ASSETS
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· 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 65.07 |
|
|
1 |
INR 89.85 |
|
Euro |
1 |
INR 80.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
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.