|
|
|
MIRA
INFORM REPORT
|
Report No. : |
496146 |
|
Report Date : |
12.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
E-PACK POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2584, Rohtagi Mansion, 2nd Floor, Hamilton Road, Kashmere
Gate, Delhi – 110006 |
|
Tel. No.: |
91-11-23916862 / 23974876 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
12.02.1999 |
|
|
|
|
Com. Reg. No.: |
55-098374 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 38.754 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL1999PTC098374 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0599025425 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AAACE5175D1ZW |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELE01935D DELE01934C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE5175D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the Manufacture of Thermocol and PUF Panels. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 1270000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1999. Is it engaged in the
manufacture of thermocol and PUF panels. For the financial year 2016, the revenue of the company has decreased
by 2.97% but has maintained average profit margin of 2.76%. The rating takes into consideration sound financial profile of the
company marked by adequate net worth base along with comfortable debt
coverage indicators. Rating also takes into consideration in the extensive of EPPl’S
promoters in expand Polystyrene packaging and prefabricated structures and
also derives strength from company’s established track record of business. Business is active. Payments seems to be usually correct. However, rating strengths are partially offset by unfavourable gap
between trade payables and trader receivables. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions.
Note: As per the Registrar of Companies date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but documents related to financial
for the year 31.03.2017 are not available from any sources. |
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 |
Fund Based Limits (BBB) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
03.01.2018 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits (A3+) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
03.01.2018 |
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. Umesh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-8130444477 |
|
Date : |
09.03.2018 |
91-11-23974876 (management
non cooperative)
91-11-23916862
(Not Exists)
LOCATIONS
|
Registered Office/ Corporate Office : |
2584, Rohtagi Mansion, 2nd Floor, Hamilton Road, Kashmere
Gate, Delhi – 110 006, India |
|
Tel. No.: |
91-11-23916862 / 23974876/ 23935167 |
|
Mob. No.: |
91-8130444477 (Mr. Umesh) |
|
Fax No.: |
91-11-23953687 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Factory (Unit 1) : |
61-B and C, Udyog Vihar, Surajpur Kashna Road, Greater
Noida, District Gautam Budh Nagar -201 306, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2569381/ 2560450/ 2569078/79 |
|
Fax No.: |
91-120-2569836 / 2569078 |
|
E-Mail : |
|
|
Area : |
18000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory (Unit 2) |
B-13 and 14 Sector, UPSIDC, Ecotech 1st Extension, Greater Noida, District Gautam Budh Nagar -201 306, Uttar Pradesh, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Sanjay Sighania |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
D - 144, Sector - 47, Noida - 201301, Uttar Pradesh, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.07.1973 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
12.02.1999 |
||||||||||||||||||||||||||||
|
PAN : |
ATEPS4866M |
||||||||||||||||||||||||||||
|
Qualification: |
MBA |
||||||||||||||||||||||||||||
|
DIN No.: |
01291342 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Ajay Singhania |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
D - 144, Sector - 47, Noida - 201301, Uttar Pradesh, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.08.1974 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
27.12.1999 |
||||||||||||||||||||||||||||
|
PAN : |
ATNPS6678N |
||||||||||||||||||||||||||||
|
Qualification: |
MBA |
||||||||||||||||||||||||||||
|
DIN No.: |
00107555 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Laxmi Pat Bothra |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
MD-69, Pitampura, Delhi - 110034, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.11.1961 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2008 |
||||||||||||||||||||||||||||
|
PAN : |
AAGPB5838F |
||||||||||||||||||||||||||||
|
Qualification: |
MTECH |
||||||||||||||||||||||||||||
|
DIN No.: |
00130593 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Rajat Bothra |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
B-114, Sector-40, Noida - 201301, Uttar Pradesh, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.08.1982 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
15.10.2004 |
||||||||||||||||||||||||||||
|
PAN : |
AFLPB4031Q |
||||||||||||||||||||||||||||
|
Qualification: |
MBA |
||||||||||||||||||||||||||||
|
DIN No.: |
01044231 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Umesh |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
SR and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
H-107, Second Floor, Sector 63, Gautam Budh Nagar, Noida - 201301, Uttar Pradesh, India |
|
Hand Phones: |
91-9990400657, 9990339200 |
|
E-Mail: |
|
|
Web site: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Bajarang Lal Bothra |
380500 |
|
Kankanwari Devi Bothra |
186700 |
|
Punam Chand Bothra (HUF) |
5000 |
|
Leela Devi Bothra |
310950 |
|
Rajat Bothra |
95000 |
|
Laxmi Pat Bothra |
340900 |
|
Suman Devi Bothra |
333400 |
|
Nitin Bothra |
240000 |
|
Nikhil Bothra |
45000 |
|
Sanjay Singhania |
387500 |
|
Deen Dayal Sighania |
352750 |
|
Ajay Sighania |
387500 |
|
Pinki Sighania |
302350 |
|
Preeti Sighania |
305000 |
|
Divisha Sighania |
50000 |
|
Lalita Devi Singhania |
152350 |
|
Dinesh Bhuwalka |
500 |
|
Total |
3875400 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters - Individual/Hindu
Undivided Family – India |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the Manufacture of Thermocol and PUF Panels. (Registered Activity) |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Samrath M. Surana and Company Chartered Accountants |
|
Address : |
1001, KLI Tower, North, Netaji, Subhash Place, Pitampura, Delhi - 110034, India |
|
Tel. No.: |
91-11-23550150 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAQFS4882C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
|
CAPITAL STRUCTURE
As on: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3875400 |
Equity Shares |
INR 10/- each |
INR 38.754 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
38.754 |
38.754 |
38.754 |
|
(b) Reserves and Surplus |
405.073 |
363.144 |
326.433 |
|
(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) |
443.827 |
401.898 |
365.187 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
160.645 |
161.499 |
119.491 |
|
(b) Deferred tax liabilities (Net) |
65.867 |
59.826 |
55.525 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.248 |
1.083 |
1.032 |
|
Total Non-current
Liabilities (3) |
226.760 |
222.408 |
176.048 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
293.340 |
274.268 |
189.698 |
|
(b) Trade
payables |
197.083 |
231.874 |
340.979 |
|
(c) Other
current liabilities |
123.111 |
125.525 |
98.981 |
|
(d) Short-term
provisions |
6.462 |
10.792 |
16.523 |
|
Total Current
Liabilities (4) |
619.996 |
642.459 |
646.181 |
|
|
|
|
|
|
TOTAL |
1290.583 |
1266.765 |
1187.416 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
616.257 |
594.081 |
565.625 |
|
(ii)
Intangible Assets |
5.924 |
6.803 |
7.095 |
|
(iii) Tangible assets
capital work-in-progress |
1.572 |
12.206 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
30.478 |
30.376 |
30.376 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
18.636 |
23.268 |
12.602 |
|
(e) Other
Non-current assets |
0.138 |
0.138 |
0.138 |
|
Total Non-Current
Assets |
673.005 |
666.872 |
615.836 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
77.675 |
98.818 |
134.835 |
|
(c) Trade
receivables |
357.298 |
370.068 |
306.694 |
|
(d) Cash and
bank balances |
19.087 |
21.921 |
51.915 |
|
(e)
Short-term loans and advances |
152.559 |
93.652 |
65.636 |
|
(f) Other
current assets |
10.959 |
15.434 |
12.500 |
|
Total
Current Assets |
617.578 |
599.893 |
571.580 |
|
|
|
|
|
|
TOTAL |
1290.583 |
1266.765 |
1187.416 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1519.370 |
1565.916 |
1546.305 |
|
|
Other Income |
12.934 |
14.678 |
9.166 |
|
|
TOTAL |
1532.304 |
1580.594 |
1555.471 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1003.732 |
1115.450 |
1109.004 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.452 |
3.766 |
4.885 |
|
|
Employee benefit expense |
88.081 |
67.470 |
53.249 |
|
|
CSR expenditure |
1.530 |
1.450 |
0.000 |
|
|
Other expenses |
259.196 |
227.272 |
221.262 |
|
|
TOTAL |
1352.991 |
1415.408 |
1388.400 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
179.313 |
165.186 |
167.071 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
64.977 |
59.661 |
61.329 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
114.336 |
105.525 |
105.742 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
48.098 |
45.919 |
29.818 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
66.238 |
59.606 |
75.924 |
|
|
|
|
|
|
|
Less |
TAX |
24.309 |
22.895 |
30.161 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
41.929 |
36.711 |
45.763 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
10.82 |
9.47 |
11.81 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
63.529 |
70.749 |
70.143 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
168.059 |
16.325 |
167.010 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
156.565 |
6.658 |
141.005 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
85.83 |
86.26 |
72.39 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
4.25 |
4.23 |
5.04 |
|
|
|
|
|
|
Average Payment Days [Sundry Creditors / Purchases * 365] |
71.67 |
75.87 |
112.22 |
|
|
|
|
|
|
Inventory Turnover [Operating Income / Inventories] |
2.31 |
1.67 |
1.24 |
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed Assets] |
0.29 |
0.27 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.65 |
0.69 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.17 |
1.26 |
1.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.40 |
1.60 |
1.77 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.41 |
1.53 |
1.57 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.76 |
2.77 |
2.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Total Income ((PAT / Total Income) * 100) |
% |
2.74 |
2.32 |
2.94 |
|
|
|
|
|
|
|
Net Profit Margin ((PBT / Operating Income) * 100) |
% |
36.94 |
36.08 |
45.44 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.25 |
2.90 |
3.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.45 |
9.13 |
12.53 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.00 |
0.93 |
0.88 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.87 |
0.78 |
0.68 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.34 |
0.32 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
13.35 |
13.07 |
9.79 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.00 |
0.93 |
0.88 |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
38.754 |
38.754 |
38.754 |
|
Reserves & Surplus |
326.433 |
363.144 |
405.073 |
|
Net
worth |
365.187 |
401.898 |
443.827 |
|
|
|
|
|
|
Long-term borrowings |
119.491 |
161.499 |
160.645 |
|
Short term borrowings |
189.698 |
274.268 |
293.340 |
|
Current maturities of
long-term debts |
70.143 |
70.749 |
63.529 |
|
Total
borrowings |
379.332 |
506.516 |
517.514 |
|
Debt/Equity
ratio |
1.039 |
1.260 |
1.166 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1546.305 |
1565.916 |
1519.370 |
|
|
|
1.268 |
(2.972) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1546.305 |
1565.916 |
1519.370 |
|
Profit/ (Loss) |
45.763 |
36.711 |
41.929 |
|
|
2.96% |
2.34% |
2.76% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
38.754 |
38.754 |
|
(b) Reserves and Surplus |
398.393 |
357.221 |
|
(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) |
437.147 |
395.975 |
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
(a) long-term borrowings |
160.645 |
161.498 |
|
(b) Deferred tax liabilities (Net) |
65.867 |
59.826 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.248 |
1.083 |
|
Total Non-current
Liabilities (3) |
226.760 |
222.407 |
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
(a) Short-term
borrowings |
293.940 |
274.268 |
|
(b) Trade
payables |
196.125 |
231.768 |
|
(c) Other
current liabilities |
123.698 |
125.567 |
|
(d) Short-term
provisions |
6.462 |
11.040 |
|
Total Current
Liabilities (4) |
620.225 |
642.643 |
|
|
|
|
|
TOTAL |
1284.132 |
1261.025 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1)
Non-current assets |
|
|
|
(a) Fixed
Assets |
|
|
|
(i)
Tangible assets |
636.463 |
614.287 |
|
(ii)
Intangible Assets |
36.754 |
37.378 |
|
(iii) Tangible assets
capital work-in-progress |
1.572 |
12.206 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
70.943 |
23.268 |
|
(e) Other
Non-current assets |
1.284 |
0.138 |
|
Total Non-Current
Assets |
747.016 |
687.277 |
|
|
|
|
|
(2)
Current assets |
|
|
|
(a)
Current investments |
0.000 |
0.000 |
|
(b)
Inventories |
77.675 |
98.818 |
|
(c) Trade
receivables |
357.298 |
370.068 |
|
(d) Cash and
bank balances |
19.501 |
21.952 |
|
(e)
Short-term loans and advances |
71.683 |
67.476 |
|
(f) Other
current assets |
10.959 |
15.434 |
|
Total
Current Assets |
537.116 |
573.748 |
|
|
|
|
|
TOTAL |
1284.132 |
1261.025 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
Total
Revenue from operations |
1519.370 |
1565.916 |
|
|
Other Income |
10.815 |
12.234 |
|
|
TOTAL |
1530.185 |
1578.150 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
1003.732 |
1115.450 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.452 |
3.766 |
|
|
Employee benefit expense |
88.081 |
67.470 |
|
|
CSR expenditure |
1.530 |
1.450 |
|
|
Other expenses |
257.909 |
228.087 |
|
|
TOTAL |
1351.704 |
1416.223 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
178.481 |
161.927 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
64.977 |
60.288 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
113.504 |
101.639 |
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
48.098 |
45.919 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
65.406 |
55.720 |
|
|
|
|
|
|
Less |
TAX |
24.363 |
23.346 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
INORITY INTEREST |
41.043 |
32.374 |
|
|
|
|
|
|
Add: |
SHARE
OF PROFIT (LOSS) OF ASOCIATES |
0.032 |
0.000 |
|
|
|
|
|
|
|
NET
PROFIT (LOSS) |
41.075 |
32.374 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
10.60 |
8.35 |
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 |
Yes |
|
5 |
Buyer visit details |
- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
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 COMPANYS
AFFAIRS AND FUTURE OUTLOOK:
NATURE OF BUSINESS
During the year, the company has carried business/provided services in the field of manufacturing of expandable beads known as thermocol and prefabricated housing material.
The Directors are continuously looking for new avenues for further growth of the Company in the industries and for expansion in near future.
INCREASE/DECREASE IN
PROFIT
During the year, the Company has earned an income before tax of INR 66.238 million as compared to profit of INR 59.606 million during the previous year. Further it has earned a profit after tax of INR 41.929 million as compared to Profit of INR 36.711 million during the previous year.
The company expects good business and returns in future.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
Borrowing |
|
|
|
Loans taken for fixed assets |
7.151 |
13.647 |
|
Total |
7.151 |
15.215 |
INDEX OF CAHREGS:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G68107770 |
100137150 |
YES BANK LIMITED |
23/09/2017 |
- |
- |
50000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI-400018, MAHARASHTRA, INDIA |
|
2 |
G68107523 |
100137153 |
YES BANK LIMITED |
23/09/2017 |
- |
- |
100000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI-400018, MAHARASHTRA, INDIA |
|
3 |
G34321927 |
100074224 |
HDFC BANK LIMITED |
02/08/2016 |
- |
- |
120000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI-400013, MAHARASHTRA, INDIA |
|
4 |
G02462000 |
100026308 |
HDFC BANK LIMITED |
06/11/2015 |
- |
- |
2898000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI-400013, MAHARASHTRA, INDIA |
|
5 |
G10648509 |
10602302 |
ICICI BANK LIMITED |
14/09/2015 |
03/06/2016 |
- |
500000000.0 |
LANDMARK, RACE COURCE CIRCLE, ALKAPURI, VADODARA-390015, GUJARAT, INDIA |
|
6 |
C70022918 |
10602304 |
ICICI BANK LIMITED |
14/09/2015 |
- |
- |
130000000.0 |
LANDMARK, RACE COURCE CIRCLE, ALKAPURI, VADODARA-390015, GUJARAT, INDIA |
|
7 |
C67601740 |
10597780 |
HDFC BANK LIMITED |
28/04/2015 |
- |
- |
6037500.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI-400013, MAHARASHTRA, INDIA |
|
8 |
G73076366 |
10544720 |
INDUSIND BANK LTD. |
16/01/2015 |
20/12/2017 |
- |
150000000.0 |
2401, GEN. THIMMAYYA ROAD, CONTONMENT, PUNE-411001, MAHARASHTRA, INDIA |
|
9 |
G18816140 |
10352132 |
HDFC BANK LIMITED |
30/03/2012 |
02/08/2016 |
- |
133500000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI-400013, MAHARASHTRA, INDIA |
|
10 |
G18818658 |
10352009 |
HDFC BANK LIMITED |
30/03/2012 |
02/08/2016 |
- |
240000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI-400013, MAHARASHTRA, INDIA |
FIXED ASSETS
·
Building
·
Computer
·
Furniture
·
Land
·
Office Equipment
·
Plant and Machinery
·
Vehicle
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 65.08 |
|
|
1 |
NR 89.85 |
|
Euro |
1 |
INR 80.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
MTN |
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.