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|
MIRA INFORM REPORT
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Report No. : |
496489 |
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Report Date : |
14.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
RADIANT ORGANICS PRIVATE LIMITED (w.e.f. 25.06.2001) |
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Formerly Known
As : |
RADIANT ORGANICS LIMITED (w.e.f. 01.07.1997) RADIANT ORGANICS PRIVATE LIMITED |
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Registered
Office : |
6, Juhu Sea View, Juhu Koliwada, Juhu Tara Road, Santacruz (West),
Mumbai-400049, Maharashtra |
|
Tel. No.: |
91-22-26604645/85, 26609358 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
23.06.1994 |
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Com. Reg. No.: |
11-079151 |
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Capital
Investment / Paid-up Capital : |
INR 0.355 Million |
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CIN No.: [Company Identification
No.] |
U74999MH1994PTC079151 |
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IEC No.: [Import-Export Code No.] |
0399013873 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AACCR4078A2ZK |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCR4078A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The
company is engaged in the business of trading of chemicals and shares and of
commission agents. [Registered Activity] |
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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 |
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Maximum Credit Limit : |
USD 426000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Radidant Organics Private Limited was incorporated in the year 1994. For the financial year 2017, the company has achieved 18.89% growth in its revenue as compared to previous year revenue along with average profit margin of 1.43%. The sound financial profile of the company is marked by adequate networth base along with negligible debt level. The rating takes into consideration the subject’s long established track record of business operations along with extensive experience of its promoters. The company has favourable Earning Per Share (EPS) of INR 3692.45 against a face value (FV) of INR 100. However, rating strengths are partially offset by unfavorable gap between trade payables and trade receivables. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limits = BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
26.09.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
26.09.2017 |
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 (Tel No.: 91-22-26604645)
Tel no.: [91-22-26609358] – Number is
continuously ringing.
LOCATIONS
|
Registered Office / Corporate Office : |
6, Juhu Sea View, Juhu Koliwada, Juhu Tara Road, Santacruz (West),
Mumbai-400049, Maharashtra, India |
|
Tel. No.: |
91-22-26604645/85, 26609358 |
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Fax No.: |
91-22-26606882 |
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E-Mail : |
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Website : |
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Head Office : |
Located At :
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Branch Office : |
Located At :
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DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Jiten Hasmukhrai Anandpara |
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Designation : |
Director |
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Address : |
31,Gautam Apartment, Tagore Road, Off S V Road, Santacruz (West) Mumbai-400054, Maharashtra, India |
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Date of Birth/Age : |
06.07.1974 |
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Date of Appointment : |
24.06.1994 |
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DIN No.: |
01001271 |
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Other Directorship:
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Name : |
Mr. Shailesh Anantrai Anandpara |
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Designation : |
Director |
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Address : |
16 , Sai Darshan, S V Road, Santacruz (West), Mumbai-400054, Maharashtra, India |
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Date of Birth/Age : |
13.11.1956 |
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Date of Appointment : |
24.06.1994 |
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DIN No.: |
01001418 |
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Other Directorship:
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Name : |
Mr. Pankaj Anantrai Anandpara |
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Designation : |
Director |
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Address : |
Sai Darshan Apartment, S V Road, Chaper Road, BK No. 15 , Santacruz (West), Mumbai-400054, Maharashtra, India |
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Date of Birth/Age : |
29.01.1959 |
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Date of Appointment : |
01.10.1996 |
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DIN No.: |
01001536 |
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Other Directorship:
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Name : |
Mr. Anandpara Parag Amilal |
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Designation : |
Director |
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Address : |
A 4 Laxmi Narayan Apartment, 39 Tagore Road, Second Floor, Santacruz, Mumbai -400054, Maharashtra, India |
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Date of Appointment : |
24.06.1994 |
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DIN No.: |
01882056 |
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Other Directorship:
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Name : |
Mr. Sanjay Hasmukh Anandpara |
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Designation : |
Director |
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Address : |
31, Gautam Apartment, Tagore Road, 3 Road Floor, Santacruz (West), Mumbai-400054, Maharashtra, India |
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Date of Birth/Age : |
21.06.1973 |
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Date of Appointment : |
01.04.2014 |
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DIN No.: |
02698721 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 30.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Hasmukhrai Ratilal Anandpara |
|
300 |
|
Pankaj Anantrai Anandpara |
|
710 |
|
Shailesh Anantrai Anandpara |
|
710 |
|
Parag Amilal Anandpara |
|
710 |
|
Jiten Hasmukhrai Anandpara |
|
560 |
|
Sanjay Hasmukhrai Anandpara |
|
560 |
|
Total |
|
3550 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The
company is engaged in the business of trading of chemicals and shares and of
commission agents. [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 : |
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Auditors : |
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Name : |
Mukesh M Lotia and Company Chartered Accountants |
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Address : |
23, 2nd Floor, 105, Bombay Samachar Marg, Mumbai – 400023, Maharashtra, India |
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Tel. No.: |
91-22-22665712 |
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Fax No.: |
91-28642013 |
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PAN No.: |
AAAPL2815Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Company : |
Radiant Plastruders (India) Private Limited CIN No.: U25209MH1994PTC080499 |
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Associate Company : |
KCSR Agri Foods Private Limited CIN No.: U15122MH2002PTC135611 |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
INR 100/- each |
INR 2.500 Million |
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3550 |
Equity Shares |
INR 100/- each |
INR 0.355 Million |
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|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.355 |
0.355 |
0.355 |
|
(b) Reserves &
Surplus |
148.697 |
135.589 |
124.417 |
|
(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) |
149.052 |
135.944 |
124.772 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
2.125 |
2.931 |
2.099 |
|
(b) Deferred tax
liabilities (Net) |
1.341 |
1.306 |
1.360 |
|
(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) |
3.466 |
4.237 |
3.459 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
135.538 |
32.105 |
157.987 |
|
(b) Trade payables |
11.709 |
0.302 |
3.425 |
|
(c) Other current
liabilities |
0.335 |
0.943 |
0.583 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
147.582 |
33.350 |
161.995 |
|
|
|
|
|
|
TOTAL |
300.100 |
173.531 |
290.226 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
11.709 |
12.690 |
12.331 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
43.287 |
43.287 |
43.287 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
3.440 |
4.257 |
2.544 |
|
Total Non-Current Assets |
58.436 |
60.234 |
58.162 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
24.440 |
1.700 |
1.700 |
|
(b) Inventories |
0.000 |
7.195 |
6.839 |
|
(c) Trade receivables |
189.858 |
100.093 |
188.450 |
|
(d) Cash and cash
equivalents |
22.314 |
0.743 |
30.316 |
|
(e) Short-term loans and
advances |
4.924 |
2.487 |
4.239 |
|
(f) Other current assets |
0.128 |
1.079 |
0.520 |
|
Total Current Assets |
241.664 |
113.297 |
232.064 |
|
|
|
|
|
|
TOTAL |
300.100 |
173.531 |
290.226 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
915.568 |
770.054 |
818.991 |
|
|
Other Income |
0.725 |
2.591 |
3.588 |
|
|
TOTAL |
916.293 |
772.645 |
822.579 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
840.722 |
709.497 |
759.079 |
|
|
Employees benefits
expense |
21.712 |
18.545 |
15.885 |
|
|
Other expenses |
31.053 |
21.958 |
22.072 |
|
|
TOTAL |
893.487 |
750.000 |
797.036 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
22.806 |
22.645 |
25.543 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.174 |
4.440 |
6.729 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
20.632 |
18.205 |
18.814 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.981 |
1.376 |
1.316 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
19.651 |
16.829 |
17.498 |
|
|
|
|
|
|
|
Less |
TAX |
6.543 |
5.658 |
4.997 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
13.108 |
11.171 |
12.501 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3692.45 |
3146.79 |
3521.42 |
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 |
30.993 |
(41.163) |
18.959 |
|
Cash flows exceptional items from operating activities |
24.485 |
(46.875) |
13.898 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
75.69 |
47.44 |
83.99 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
4.82 |
7.69 |
4.35 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
5.08 |
0.16 |
1.65 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
3.15 |
3.73 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.95 |
1.78 |
2.07 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.50 |
0.21 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.92 |
0.26 |
1.28 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.99 |
0.25 |
1.30 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.08 |
0.09 |
0.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
10.49 |
5.10 |
3.80 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
1.43 |
1.45 |
1.53 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.37 |
6.44 |
4.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
8.79 |
8.22 |
10.02 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.64 |
3.40 |
1.43 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.64 |
3.18 |
1.39 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.50 |
0.78 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
387.78 |
98.69 |
450.95 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.64 |
3.40 |
1.43 |
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 |
0.355 |
0.355 |
0.355 |
|
Reserves & Surplus |
124.417 |
135.589 |
148.697 |
|
Net
worth |
124.772 |
135.944 |
149.052 |
|
|
|
|
|
|
Long Term borrowings |
2.099 |
2.931 |
2.125 |
|
Short Term borrowings |
157.987 |
32.105 |
135.538 |
|
Total
borrowings |
160.086 |
35.036 |
137.663 |
|
Debt/Equity
ratio |
1.283 |
0.258 |
0.924 |
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
|
818.991 |
770.054 |
915.568 |
|
|
|
(5.975) |
18.897 |
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
|
818.991 |
770.054 |
915.568 |
|
Profit |
12.501 |
11.171 |
13.108 |
|
|
1.53% |
1.45% |
1.43% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.355 |
0.355 |
|
(b) Reserves &
Surplus |
|
190.983 |
159.772 |
|
(c) Minority Ineterst |
|
16.393 |
14.229 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
207.731 |
174.356 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3.104 |
4.465 |
|
(b) Deferred tax
liabilities (Net) |
|
7.624 |
8.144 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
10.728 |
12.609 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
218.374 |
107.274 |
|
(b) Trade payables |
|
13.226 |
2.612 |
|
(c) Other current
liabilities |
|
2.398 |
4.945 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
|
233.998 |
114.831 |
|
|
|
|
|
|
TOTAL |
|
452.457 |
301.796 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
62.251 |
68.846 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Goodwill on Consolidation |
|
15.315 |
15.315 |
|
(b) Non-current
Investments |
|
21.930 |
21.888 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
6.874 |
7.452 |
|
Total Non-Current Assets |
|
106.370 |
113.501 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
24.465 |
1.725 |
|
(b) Inventories |
|
29.293 |
29.847 |
|
(c) Trade receivables |
|
263.286 |
150.745 |
|
(d) Cash and cash equivalents |
|
22.519 |
0.899 |
|
(e) Short-term loans and
advances |
|
5.884 |
3.285 |
|
(f) Other current assets |
|
0.640 |
1.794 |
|
Total Current Assets |
|
346.087 |
188.295 |
|
|
|
|
|
|
TOTAL |
|
452.457 |
301.796 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
1156.730 |
1046.444 |
|
|
Other Income |
|
3.582 |
3.179 |
|
|
TOTAL |
|
1160.312 |
1049.623 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
1040.418 |
921.405 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(4.398) |
4.190 |
|
|
Employees benefits
expense |
|
31.068 |
28.106 |
|
|
Other expenses |
|
50.038 |
42.382 |
|
|
TOTAL |
|
1117.126 |
996.083 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
43.186 |
53.540 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
9.078 |
13.821 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
34.108 |
39.719 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
6.595 |
7.980 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
27.513 |
31.739 |
|
|
|
|
|
|
|
Less |
TAX |
|
7.639 |
8.352 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
19.874 |
23.387 |
|
|
|
|
|
|
|
|
Net Share of
Profit/(loss) from the associate company |
|
0.041 |
0.041 |
|
|
|
|
|
|
|
|
NET PROFIT ATTRIBUTABLE
TO THE COMPANY |
|
19.915 |
23.428 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
5609.82 |
6599.52 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in Report
(Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
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 |
No |
|
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 |
CORPORATE INFORMATION
Subject is a private company incorporate in 1994. Company is engaged
in the business of trading of Chemicals and Shares and of Commission agents. The
head office of the company is at Mumbai and has branch is Vapi, Gujarat.
FINANCIAL HIGHLIGHTS
AND OPERATION
The Key highlights pertaining to the business of the company for the year 2016-17 and period subsequent there to have been given here under:
The Company has reported total revenue of INR 916.293 Million in Financial Year 2016-17 compared to total revenue of INR 772.645 Million in previous year.
The company has reported Earning before Tax at INR 19.651 million in financial Year 2016-17 as against INR 16.829 million in the previous year.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans from related parties |
3.500 |
3.500 |
|
Total |
3.500 |
3.500 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B11698891 |
10284151 |
UNION BANK OF INDIA |
30/03/2011 |
- |
- |
20000000.0 |
JUHU TARA ROAD BRANCH,27 MANECK MAHAL, JUHU TARA ROAD, SANTACRUZ (WEST), MUMBAI – 400049, MAHARASHTRA, INDIA |
|
2 |
G74703661 |
10127215 |
UNION BANK OF INDIA |
14/08/2008 |
21/11/2017 |
- |
100000000.0 |
JUHU TARA ROAD BRANCH,27 MANECK MAHAL, JUHU TARA ROAD, SANTACRUZ (WEST), MUMBAI – 400049, MAHARASHTRA, INDIA |
|
3 |
G74704354 |
10122919 |
UNION BANK OF INDIA |
12/08/2008 |
22/11/2017 |
- |
100000000.0 |
JUHU TARA ROAD BRANCH,27 MANECK MAHAL, JUHU TARA ROAD, SANTACRUZ (WEST), MUMBAI – 400049, MAHARASHTRA, INDIA |
|
4 |
Y10514307 |
90386295 |
UNION BANK OF INDIA |
13/08/2004 |
- |
- |
5400000.0 |
JUHU TARA ROAD, SANTACRUZ, MUMBAI, MAHARASHTRA, INDIA |
|
5 |
Y10504911 |
90377029 |
STATE BANK OF HYDERABAD |
26/05/1982 |
- |
- |
375000.0 |
BANK STREET, HYDERABAD, TELANGANA, INDIA |
|
6 |
A54213053 |
10004527 |
KOTAK MAHINDRA BANK LIMITED |
04/05/2006 |
- |
05/01/2009 |
4000000.0 |
36-38A, NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI – 400021, MAHARASHTRA, INDIA |
FIXED ASSETS:
Tangible Assets
·
Furniture and Fixture
·
Computers
·
Office premises
·
Motor Car
·
Scooter
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 : |
PNM |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
GEET |
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.