|
|
|
MIRA INFORM REPORT
|
Report No. : |
496932 |
|
Report Date : |
14.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
OSWAL EXTRUSION LIMITED |
|
|
|
|
Registered
Office : |
H.B. Jirawala House, 13, Navbharat Society, Opposite Panchsheel Bus
Stop, Usmanpura, Ahmedabad – 380013, Gujarat |
|
Tel. No.: |
91-79-27550764 / 27561000 |
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|
|
|
Country : |
India |
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|
Financials (as
on) : |
31.03.2017 |
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|
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Date of Incorporation
: |
31.12.2004 |
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|
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|
Com. Reg. No.: |
04-045239 |
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Capital
Investment / Paid-up Capital : |
INR 93.774 Million |
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|
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CIN No.: [Company Identification
No.] |
U25200GJ2004PLC045239 |
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|
|
|
IEC No.: [Import-Export
Code No.] |
3705000357 |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACO7290H |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer all kinds of plastic products mainly includes Jumbo Bags, Woven Sacks, Woven Fabric, Laminates, Multifilament Yarns, Masterbatches, Flexible Packaging for Food Grains, Pharmaceutical, Chemical, Cement etc. (Registered Activity) |
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|
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No. of Employees
: |
Information denied 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 |
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Plastene India Limited’. It was incorporated in the year 2004 and engaged in manufacturing of FIBC, conventional poly woven sacks (PWS) and multilayer film along with trading of polypropylene (PP) granules. As per financials of March 2017, the company has registered decline in
its revenue as compared to its previous year’s revenue and has reported
average profit margin of 1.21%. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with average debt coverage indicators and adequate liquidity position. Rating also takes into account the vast experience of the promoters and diversified client base. Further, the company has reported a good earnings per share of INR 18.71 against its face value of INR 10. However, rating strength is partially offset by its presence in high working capital intensity of its operations and highly competitive and fragmented flexible packaging industry. Payments seems to be regular. In view of aforesaid, the company can be considered for
business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
28.02.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial Reconstruction)
list as of 14.03.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (91-79-27550764)
LOCATIONS
|
Registered Office : |
H.B. Jirawala House, 13, Navbharat Society, Opposite Panchsheel Bus
Stop, Usmanpura, Ahmedabad – 380 013, Gujarat, India |
|
Tel. No.: |
91-79-27550764 / 27561000 |
|
Fax No.: |
91-79-27551764 |
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E-Mail : |
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|
Website : |
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Factory 2 : |
Plot No: 73/74/75-A, and 82-A, Sector – 2, Kandia Special Economic
Zone, Gandhidham, Kutch – 370230, Gujarat, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Siddharth Shantilal Parekh |
|
Designation : |
Wholetime Director |
|
Address : |
B-183, Sector-4 GIM- Kutch-370201, Gujarat, India |
|
Date of Birth/Age : |
07.06.1984 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.04.2015 |
|
DIN No.: |
01688066 |
|
PAN No.: |
AKGPP7773F |
|
|
|
|
Name : |
Mr. Gaurav Parvesh Chander Suri |
|
Designation : |
Director |
|
Address : |
A/3, Navroj Apartment, Dafnala, Shahibaugh, Ahmedabad-380004, Gujarat,
India |
|
Date of Birth/Age : |
23.03.1974 |
|
Qualification : |
Master Mariner from U. K |
|
Date of Appointment : |
13.03.2015 |
|
DIN No.: |
02287548 |
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PAN No.: |
ALWPS7729P |
|
|
|
|
Name : |
Mrs. Meenakshi Dhelriya |
|
Designation : |
Director |
|
Address : |
444, Nakoda Nagar, Taluka Gandhidham, District Kachchh, Adipur-370205,
Gujarat, India |
|
Date of Appointment : |
06.04.2015 |
|
DIN No.: |
07140918 |
|
|
|
|
Name : |
Mr. Ashok Kumar Sharma |
|
Designation : |
Director |
|
Address : |
B-61,Palm Green, Plot No-4, B/H Activa Scoda Showroom,
Makarba, Ahmedabad – 380051, Gujarat, India |
|
Date of Appointment : |
01.03.2017 |
|
DIN No.: |
07147046 |
|
|
|
|
Name : |
Mr. Sanjiv Mehta |
|
Designation : |
Director |
|
Address : |
12/11, Civil Lines Near, Police Commisioner Bungalow,
Reside NCY Road, Jodhpur – 342001, Rajasthan, India |
|
Date of Appointment : |
18.11.2016 |
|
DIN No.: |
07616226 |
KEY EXECUTIVES
|
Name : |
Mr. Chetan Rajendrabhai Parmar |
|
Designation : |
Company Secretary |
|
Address : |
Taz Adipur, Kutch-370205, Gujarat, India |
|
Date of Birth/Age : |
24.01.1988 |
|
Date of Appointment : |
10.06.2014 |
|
PAN No: |
CNGPP2131L |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Equity Shareholders |
No. of Shares |
|
|
Plastene India Limited, India Jointly with Neetu D Parekh |
|
1758174 |
|
Mahi Parekh( through guardian Sushma Parekh) |
|
60816 |
|
Shantilal Parekh |
|
60816 |
|
Manjudevi Parekh |
|
60816 |
|
Shantilal Parekh HUF |
|
60816 |
|
Manisha Parekh |
|
60816 |
|
Dia Parekh ( through guardian Manisha Parekh) |
|
60816 |
|
Siddharth Parekh |
|
60816 |
|
Siddharth Parekh HUF |
|
60816 |
|
Sushma Parekh |
|
60816 |
|
Sanjay Salecha |
|
31856 |
|
Total |
|
2337374 |
|
Names of Preference shares |
No. of Shares |
|
|
Manjudevi Parekh |
|
1760000 |
|
Manisha Parekh |
|
1760000 |
|
Siddharth Parekh |
|
1760000 |
|
Sushma Parekh |
|
1760000 |
|
Total |
|
7040000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
23.42 |
|
Promoters- Body corporate |
75.22 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
1.36 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer all kinds of plastic products mainly includes Jumbo Bags, Woven Sacks, Woven Fabric, Laminates, Multifilament Yarns, Masterbatches, Flexible Packaging for Food Grains, Pharmaceutical, Chemical, Cement etc. (Registered Activity) |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
2nd Floor, Shivalik Ishan, Near C.N Vidhyalaya, Ambawadi, Ahmedabad-380015, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9117R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related party : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
600000 |
Equity Shares (A' Ordinary Shares of differential voting rights) |
INR 10/- each |
INR 6.000 Million |
|
7040000 |
Preference shares |
INR 10/- each |
INR 70.400 Million |
|
|
|
|
|
|
|
Total |
|
INR 96.400
Million |
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1758174 |
Equity Shares 1 |
INR 10/- each |
INR 17.582 Million |
|
579200 |
Equity Shares (A' Ordinary Shares of differential voting rights) |
INR 10/- each |
INR 5.792 Million |
|
7040000 |
Preference shares |
INR 10/- each |
INR 70.400 Million |
|
|
|
|
|
|
|
Total |
|
INR 93.774
Million |
FINANCIAL DATA
[all figures are
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 |
93.774 |
93.774 |
88.014 |
|
(b) Reserves and Surplus |
596.670 |
552.941 |
505.071 |
|
(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) |
690.444 |
646.715 |
593.085 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
258.359 |
344.439 |
142.637 |
|
(b) Deferred tax liabilities (Net) |
67.645 |
47.275 |
38.995 |
|
(c) Other long-term
liabilities |
31.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
8.543 |
7.623 |
4.764 |
|
Total Non-current
Liabilities (3) |
365.547 |
399.337 |
186.396 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
655.631 |
614.541 |
850.038 |
|
(b) Trade
payables |
137.283 |
150.566 |
204.265 |
|
(c) Other
current liabilities |
82.095 |
109.242 |
164.296 |
|
(d) Short-term
provisions |
13.781 |
6.375 |
13.585 |
|
Total Current
Liabilities (4) |
888.790 |
880.724 |
1232.184 |
|
|
|
|
|
|
TOTAL |
1944.781 |
1926.776 |
2011.665 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
636.172 |
661.322 |
704.148 |
|
(ii)
Intangible Assets |
42.772 |
0.067 |
50.514 |
|
(iii) Tangible assets
capital work-in-progress |
11.758 |
14.843 |
21.248 |
|
(iv)
Intangible assets under development |
0.000 |
57.024 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
21.262 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
123.061 |
6.599 |
3.135 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
813.763 |
739.855 |
800.307 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
425.678 |
309.337 |
280.519 |
|
(c) Trade
receivables |
502.266 |
665.451 |
721.196 |
|
(d) Cash and
bank balances |
21.513 |
40.856 |
58.928 |
|
(e)
Short-term loans and advances |
153.288 |
139.403 |
148.117 |
|
(f) Other
current assets |
28.273 |
31.874 |
2.598 |
|
Total
Current Assets |
1131.018 |
1186.921 |
1211.358 |
|
|
|
|
|
|
TOTAL |
1944.781 |
1926.776 |
2011.665 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3614.231 |
2969.205 |
2707.600 |
|
|
Other Income |
43.106 |
37.777 |
(37.111) |
|
|
TOTAL |
3657.337 |
3006.982 |
2670.489 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1552.837 |
1416.232 |
1281.298 |
|
|
Purchases of
Stock-in-Trade |
1390.548 |
807.572 |
830.199 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(95.683) |
10.702 |
(37.982) |
|
|
Employee benefit expense |
138.215 |
136.006 |
113.024 |
|
|
Other expenses |
390.728 |
368.593 |
269.979 |
|
|
TOTAL |
3376.645 |
2739.105 |
2456.518 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
280.692 |
267.877 |
213.971 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
113.758 |
154.415 |
103.164 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
166.934 |
113.462 |
110.807 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
68.555 |
51.552 |
54.017 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
98.379 |
61.910 |
56.790 |
|
|
|
|
|
|
|
Less |
TAX |
54.650 |
8.280 |
13.240 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
43.729 |
53.630 |
43.550 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1771.004 |
845.954 |
1616.586 |
|
|
TOTAL EARNINGS |
1771.004 |
845.954 |
1616.586 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
159.760 |
154.417 |
86.427 |
|
|
Components and spare
parts |
0.000 |
0.000 |
115.489 |
|
|
TOTAL IMPORTS |
159.760 |
154.417 |
201.916 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.66 |
5.72 |
4.95 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
54.309 |
81.231 |
138.773 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
205.747 |
170.474 |
186.365 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
164.365 |
120.497 |
164.450 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
50.72 |
81.80 |
97.22 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.20 |
4.46 |
3.75 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
17.02 |
24.71 |
35.31 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.66 |
0.87 |
0.76 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.41 |
0.37 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.62 |
0.68 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.40 |
1.61 |
1.91 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.29 |
1.36 |
2.08 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.00 |
1.13 |
1.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.47 |
1.73 |
2.07 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.21 |
1.81 |
1.61 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.25 |
2.78 |
2.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.33 |
8.29 |
7.34 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.27 |
1.35 |
0.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.79 |
1.00 |
0.76 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.36 |
0.34 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
10.33 |
11.09 |
12.86 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.27 |
1.35 |
0.98 |
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 |
88.014 |
93.774 |
93.774 |
|
Reserves & Surplus |
505.071 |
552.941 |
596.670 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
593.085 |
646.715 |
690.444 |
|
|
|
|
|
|
Long-term borrowings |
142.637 |
344.439 |
258.359 |
|
Short term borrowings |
850.038 |
614.541 |
655.631 |
|
Current maturities of
long-term debts |
138.773 |
81.231 |
54.309 |
|
Total
borrowings |
1131.448 |
1040.211 |
968.299 |
|
Debt/Equity
ratio |
1.908 |
1.608 |
1.402 |
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 |
2707.600 |
2969.205 |
3614.231 |
|
|
|
9.662 |
21.724 |
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 |
2707.600 |
2969.205 |
3614.231 |
|
Profit/ (Loss) |
43.550 |
53.630 |
43.729 |
|
|
1.61
% |
1.81
% |
1.21
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Note: Registered office
of the company has been shifted from “9-B, Sumatinagar Society, Near High
School, Usmanpura, Ahmedabad – 380013, Gujarat, India” to the present address
w.e.f. 10.12.2005
CORPORATE INFORMATION
Subject is a public company which was incorporated on December 31, 2004 under the provision of the Companies Act, 1956. The objective is to manufacture all kinds of plastic products mainly includes Jumbo Bags, Woven Sacks, Woven Fabric, Laminates, Multifilament Yarns, Masterbatches, Flexible Packaging for Food Grains, Pharmaceutical, Chemical, Cement etc.
STATE OF
COMPANYS AFFAIRS AND FUTURE OUTLOOK
In the Financial year 2016-17, the Company has tried to deliver consistent and competitive business performance. In the Financial Year 2016-17, the turnover of the Company has increased from INR 2969.205 Million to INR 3614.231 Million and Net Profit is at INR 43.729 Million.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Other loans and advances |
0.000 |
16.102 |
|
Total |
0.000 |
16.102 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G67567834 |
100137021 |
SREI EQUIPMENT
FINANCE LIMITED |
05/09/2017 |
- |
- |
933000.0 |
'VISHWAKARMA',
86C, TOPSIA ROAD,KOLKATAWE700046IN |
|
2 |
B98525330 |
10482771 |
SIEMENS FINANCIAL
SERVICES PRIVATE LIMITED |
14/02/2014 |
- |
- |
13000000.0 |
130, PANDURANG BUDHKAR
MARG,WORLIMUMBAIMH400018IN |
|
3 |
B64390677 |
10392626 |
SIEMENS FINANCIAL
SERVICES PRIVATE LIMITED |
12/11/2012 |
- |
- |
5091900.0 |
130, PANDURANG
BUDHKAR MARG,WORLIMUMBAIMH400018IN |
|
4 |
B58320037 |
10377025 |
SIEMENS FINANCIAL SERVICES
PRIVATE LIMITED |
30/08/2012 |
- |
- |
4199000.0 |
130, PANDURANG
BUDHKAR MARG,WORLIMUMBAIMH400018IN |
|
5 |
B82265133 |
10372463 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
19/07/2012 |
15/07/2013 |
- |
75000000.0 |
ONE FORBES,DR. V. B.
GANDHI MARG, FORTMUMBAIMH400001IN |
|
6 |
B45105319 |
10369083 |
SIEMENS FINANCIAL
SERVICES PRIVATE LIMITED |
18/07/2012 |
- |
- |
8395700.0 |
130, PANDURANG
BUDHKAR MARG,WORLIMUMBAIMH400018IN |
|
7 |
B44235299 |
10366670 |
SIEMENS FINANCIAL SERVICES
PRIVATE LIMITED |
30/06/2012 |
- |
- |
42768000.0 |
130, PANDURANG
BUDHKAR MARG,WORLIMUMBAIMH400018IN |
|
8 |
C76485507 |
10050161 |
PNB INVESTMENT
SERVICES LIMITED |
28/03/2007 |
20/01/2016 |
- |
1647500000.0 |
6TH FLOOR,GUJARAT BHAVAN,NR.
M J LIBRARYELLISBRIDGE,AHSRAM ROADAHMEDABADGJ380006IN |
|
9 |
G58889213 |
10417489 |
STATE BANK OF
INDIA |
12/03/2013 |
- |
13/10/2017 |
50000000.0 |
LAW GARDEN
BRANCHLAW GARDENAHMEDABADGJ380006IN |
|
10 |
G46662664 |
10462892 |
DENA BANK |
15/11/2013 |
- |
09/06/2017 |
300000000.0 |
INDUSTRIAL FINANCE
BRANCH, 2ND FLOOR,DENA LAXMI BUILDING, 188-A, ASHRAM ROADAHMEDABADGJ380009IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
Intangible assets
- Computer software
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 64.96 |
|
|
1 |
INR 90.23 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KVT |
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.