|
|
|
MIRA
INFORM REPORT
|
Report No. : |
497997 |
|
Report Date : |
16.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
JUPITER SOLAR POWER LIMITED (w.e.f. 11.12.2007 ) |
|
|
|
|
Formerly Known
As : |
JUPITER NIVS TECHNOLOGIES LIMITED JUPITER NIVS TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
"Unnayanam", 20A, Ashutosh Chowdhury Avenue, Kolkata- 700019, West Bengal |
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Tel. No.: |
91-33-40159000 |
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|
|
|
Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
29.07.2006 |
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|
|
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Com. Reg. No.: |
21-111250 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 257.755 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52392WB2006PLC111250 |
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|
|
|
IEC No.: [Import-Export Code No.] |
0206016883 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCJ7197H |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19AABCJ7197H1Z3 |
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|
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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|
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Line of Business
: |
Manufacturer of Photo Voltaic Cells. (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 |
|
Maximum Credit Limit : |
USD 2780000 |
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|
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|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Clear |
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Comments : |
Jupiter Solar Power Limited (JSPL), promoted by the Garodia family of
Kolkata, was incorporated in 2006. JSPL is a subsidiary (58.98%) of Jupiter
International Limited. It is an established company having satisfactory track
record. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has achieved good profit margin at 13.67% (approximately). The company possesses sound financial profile marked by healthy
networth base along with comfortable debt level and favourable gap between
trade payables to its trade receivables. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitments. In view of the aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating = BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
09.10.2017 |
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 16.03.2018
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.: 91-33-40159000)
Tel No.:91-1795-245681 (Number is not working)
LOCATIONS
|
Registered/ Corporate Office : |
“Unnayanam”, 20A, Ashutosh Chowdhury Avenue, Kolkata – 700019, West
Bengal, India |
|
Tel. No.: |
91-33-40159000 |
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Fax No.: |
91-33-40159037 |
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E-Mail : |
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|
Website : |
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Location : |
Owned |
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Locality: |
Commercial |
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|
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Factory: |
Village Katha, Pargana - Dharampur, Tehsil Nalagarh P.O.: Baddi District: Solan - 173 205, Himachal Pradesh, India |
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Location : |
Owned |
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Branches : |
Located At:
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DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Alok Garodia |
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Designation : |
Managing Director |
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|
Address : |
Unnayanam, 20 A, Ashutosh Chowdhury Avenue, Kolkata - 700019, West Bengal, India |
||||||||||||||||||||||||||||
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Date of Birth/Age : |
25.05.1965 |
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Qualification : |
B COM, ACA |
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Date of Appointment : |
01.04.2008 |
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PAN No.: |
ADXPG7932P |
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DIN No.: |
00081848 |
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Other Directorship:
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||||||||||||||||||||||||||||
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Name : |
Mr. Jasbir Singh |
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Designation : |
Whole Time Director |
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Address : |
Flat No.30, A2, Gulmohar City Extension Tehsil Dera Bassi
Sas Nagar – 140507, Punjab, India |
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Date of Appointment : |
22.05.2017 |
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DIN No.: |
07821712 |
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Name : |
Mr. Raj Kumar Garodia |
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Designation : |
Director |
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|
Address : |
Unnayanam, 20 A, Ashutosh Chowdhury Avenue, Kolkata - 700019, West Bengal, India |
||||||||||||||||||||||||||||
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Date of Birth/Age : |
09.01.1940 |
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Qualification : |
B COM |
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Date of Appointment : |
29.07.2006 |
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PAN No.: |
AGNPG9918L |
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DIN No.: |
00552210 |
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Other Directorship:
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|
||||||||||||||||||||||||||||
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Name : |
Ms. Sushila Garodia |
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Designation : |
Director |
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|
Address : |
Unnayanam, 20 A, Ashutosh Chowdhury Avenue, Kolkata - 700019, West Bengal, India |
||||||||||||||||||||||||||||
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Date of Birth/Age : |
24.04.1946 |
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Date of Appointment : |
26.10.2007 |
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DIN No.: |
00552283 |
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Other Directorship:
|
|||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Sandeep Kumar Sharma |
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Designation : |
Director |
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Address : |
Flat No - 104, 1st Floor, 31/5, Benaras Road, Salkia, Howrah - 711106, West Bengal, India |
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Date of Birth/Age : |
19.11.1977 |
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Date of Appointment : |
27.03.2015 |
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DIN No.: |
02880829 |
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Other Directorship:
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Shrawan Kumar Agarwal |
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Designation : |
Director |
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Address : |
10, Dhandevi Khanna Road, 1st Floor, Flat - 7, Kankurgachi, Kolkata - 700054, West Bengal, India |
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Date of Birth/Age : |
12.03.1956 |
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Date of Appointment : |
27.03.2015 |
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DIN No.: |
07192407 |
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Other Directorship:
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NO COMPANY EXISTS FOR A DIRECTOR |
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|
Name : |
Mr. Sudarshan Singh Jamwal |
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Designation : |
Director |
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Address : |
V. Po-Moondhi, Thural, District Kangra, Kangra - 176107, Himachal Pradesh, India |
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Date of Birth/Age : |
10.05.1950 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
05140771 |
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Note: Date of appointment and designation of the directors has been updated as per the latest government registry records.
KEY EXECUTIVES
|
Name : |
Mr. Prashant Damani |
|
Designation : |
Company Secretary |
|
Address : |
6/8, W C Banerjee Street, Kolkata - 700006, West Bengal, India |
|
Date of Appointment : |
01.07.2013 |
|
PAN No.: |
AINPD7873M |
Note: As per our previous database records Mr.
Rajvir (Accounts Department) and Mr. S.K. Kothari [(Vice President (Finance)] were
the Key Executive of the company, however, they does not appear in the
current government registry records and the same could not be confirmed with
the management as well.
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Equity Shareholders |
No. of Shares |
|
Alok Garodia |
350000 |
|
Rajkumar Garodia |
350000 |
|
Jupiter International Limited, India |
4025494 |
|
Dayanidhi Management Private Limited, India |
1100000 |
|
Stuti TIE – UP Private Limited, India |
1000000 |
|
Jupiter International Limited With Alok Garodia |
1 |
|
Jupiter International Limited With Raj Kumar Garodia |
1 |
|
Jupiter International Limited With Sushila Garodia |
1 |
|
Jupiter International Limited With Anju Garodia |
1 |
|
Jupiter International Limited With Sangita Bhartia |
1 |
|
Jupiter International Limited With Lalit Prakash Bhart |
1 |
|
Total |
6825500 |
|
Names of Preference Shareholders |
No. of Shares |
|
Jupiter International Limited, India |
1600000 |
|
Stuti TIE – UP Private Limited, India |
295000 |
|
|
|
|
Total |
1895000 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
10.26 |
|
Promoters (Body corporate) |
89.74 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Photo Voltaic Cells. (Registered
Activity) |
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|
Products / Services
: |
|
||||||||
|
|
|
||||||||
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Brand Names : |
Not Available |
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|
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|
||||||||
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Agencies Held : |
Not Available |
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|
||||||||
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Exports : |
Not Divulged |
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|
||||||||
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Imports : |
Not Divulged |
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|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||||||||||||||||
|
Customers : (As per indirect sources) |
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||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||||||||||||||
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|
|
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Bankers : |
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|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Chhaparia and Associates Chartered Accountants |
|
Address : |
Shantiniketan Building, 8, Camac Street, 5th Floor, Suit-2 And 15, Kolkata-700017, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFC1689C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
CIN No.:
U51109WB1978PLC031668 |
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
|
CAPITAL STRUCTURE
AS ON 25.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
INR 10/- each |
INR 90.000 Million |
|
1900000 |
Preference Shares |
INR 100/- each |
INR 190.000 Million |
|
|
Total |
|
INR 280.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6825500 |
Equity Shares |
INR 10/- each |
INR 68.255
Million |
|
1895000 |
Preference Shares |
INR 100/-
each |
INR 189.500
Million |
|
|
Total |
|
INR 257.755 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 |
257.755 |
257.755 |
257.755 |
|
(b) Reserves & Surplus |
716.230 |
344.797 |
211.470 |
|
(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) |
973.985 |
602.552 |
469.225 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
654.334 |
867.675 |
1049.938 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
243.681 |
184.444 |
138.536 |
|
(d) long-term
provisions |
10.070 |
13.443 |
6.940 |
|
Total Non-current
Liabilities (3) |
908.085 |
1065.562 |
1195.414 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
456.392 |
505.980 |
233.764 |
|
(b) Trade
payables |
256.222 |
274.969 |
175.746 |
|
(c) Other
current liabilities |
475.355 |
458.403 |
584.896 |
|
(d) Short-term
provisions |
17.262 |
1.959 |
0.382 |
|
Total Current
Liabilities (4) |
1205.231 |
1241.311 |
994.788 |
|
|
|
|
|
|
TOTAL |
3087.301 |
2909.425 |
2659.427 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1599.108 |
1672.073 |
1747.011 |
|
(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 |
0.163 |
0.163 |
0.163 |
|
(c) Deferred tax assets (net) |
128.294 |
135.900 |
154.554 |
|
(d) Long-term Loan and Advances |
110.808 |
95.009 |
93.209 |
|
(e) Other
Non-current assets |
0.512 |
0.383 |
2.530 |
|
Total Non-Current
Assets |
1838.885 |
1903.528 |
1997.467 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
278.458 |
187.436 |
220.428 |
|
(c) Trade
receivables |
817.982 |
686.954 |
294.068 |
|
(d) Cash
and cash equivalents |
20.729 |
23.100 |
35.061 |
|
(e)
Short-term loans and advances |
130.611 |
108.062 |
109.922 |
|
(f) Other
current assets |
0.636 |
0.345 |
2.481 |
|
Total
Current Assets |
1248.416 |
1005.897 |
661.960 |
|
|
|
|
|
|
TOTAL |
3087.301 |
2909.425 |
2659.427 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2870.398 |
2134.848 |
1323.711 |
|
|
|
Other Income |
36.513 |
42.877 |
59.487 |
|
|
|
TOTAL |
2906.911 |
2177.725 |
1383.198 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1722.592 |
1320.002 |
759.897 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.248) |
48.576 |
36.006 |
|
|
|
Employees benefits expense |
91.148 |
87.713 |
54.808 |
|
|
|
Other expenses |
450.371 |
267.380 |
99.996 |
|
|
|
TOTAL |
2258.863 |
1723.671 |
950.707 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
648.048 |
454.054 |
432.491 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
187.377 |
220.148 |
221.661 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND
AMORTISATION |
460.671 |
233.906 |
210.830 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
60.767 |
61.060 |
54.740 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX |
399.904 |
172.846 |
156.090 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.606 |
18.655 |
26.967 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
392.298 |
154.191 |
129.123 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
1955.265 |
287.295 |
900.897 |
|
|
TOTAL EARNINGS |
1955.265 |
287.295 |
900.897 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1589.668 |
1256.534 |
637.390 |
|
|
|
Components and Stores parts |
67.815 |
29.056 |
12.578 |
|
|
TOTAL IMPORTS |
1657.483 |
1285.590 |
649.968 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
57.48 |
22.59 |
18.92 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
181.920 |
182.247 |
182.191 |
|
Net cash flows from (used in) operations |
443.463 |
119.685 |
505.058 |
|
Net cash flows from (used in) operating activity |
420.696 |
86.266 |
497.431 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
104.01 |
117.45 |
81.09 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.51 |
3.11 |
4.50 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
54.29 |
76.03 |
84.42 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.33 |
2.42 |
1.96 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.41 |
0.27 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.66 |
0.79 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.33 |
2.58 |
3.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.24 |
2.06 |
2.12 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.64 |
2.77 |
3.72 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.46 |
2.06 |
1.95 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
13.67 |
7.22 |
9.75 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.71 |
5.30 |
4.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
40.28 |
25.59 |
27.52 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets /
Current Liabilities) |
1.04 |
0.81 |
0.67 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.80 |
0.66 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.32 |
0.21 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.02 |
6.04 |
5.69 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.04 |
0.81 |
0.67 |
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 |
257.755 |
257.755 |
257.755 |
|
Reserves & Surplus |
211.470 |
344.797 |
716.230 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
469.225 |
602.552 |
973.985 |
|
|
|
|
|
|
long-term borrowings |
1049.938 |
867.675 |
654.334 |
|
Short term borrowings |
233.764 |
505.980 |
456.392 |
|
Current Maturities of Long
term debt |
182.191 |
182.247 |
181.920 |
|
Total borrowings |
1465.893 |
1555.902 |
1292.646 |
|
Debt/Equity ratio |
3.124 |
2.582 |
1.327 |
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 |
1323.711 |
2134.848 |
2870.398 |
|
|
|
61.277 |
34.454 |
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 |
1323.711 |
2134.848 |
2870.398 |
|
Profit |
129.123 |
154.191 |
392.298 |
|
|
9.75% |
7.22% |
13.67% |
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 |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 |
OPERATION AND STATE
OF AFFAIRS OF THE COMPANY
During the year 2016-17, the Company posted an excellent performance with a growth of 131% in total revenue to 399.904 million as against INR 172.845 million in the previous year. This performance is particularly noteworthy when viewed against the backdrop of the challenging business environment in which this was achieved.
UNSECURED LOAN
(INR
In Million)
|
Particulars |
|
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Deposits |
|
14.100 |
|
Loans and advances from related parties |
|
10.000 |
|
SHORT TERM
BORROWING |
|
|
|
Other loans and advances |
|
171.000 |
|
|
|
|
|
Total |
|
195.100 |
|
Particulars |
|
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from others |
|
10.000 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Other loans and advances |
|
244.556 |
|
|
|
|
|
Total |
|
254.556 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G77917227 |
100156910 |
State Bank of India |
21/12/2017 |
- |
- |
9900000.0 |
OVERSEAS BRANCH, KOLKATA SAMRIDDHI BHAVAN, BLOCK-A, 1, STRAND ROAD KOLKATA-700001 WEST BENGAL INDIA |
|
2 |
G35865583 |
10324872 |
State Bank of India |
05/12/2011 |
25/01/2017 |
- |
2161600000.0 |
OVERSEAS BRANCH, KOLKATA SAMRIDDHI BHAVAN, BLOCK-A, 1, STRAND ROAD KOLKATA-700001 WEST BENGAL INDIA |
|
3 |
G35858729 |
10172502 |
State Bank of India |
08/07/2009 |
25/01/2017 |
- |
1175600000.0 |
OVERSEAS BRANCH, KOLKATA SAMRIDDHI BHAVAN, BLOCK-A, 1, STRAND ROAD KOLKATA-700001 WEST BENGAL INDIA |
|
4 |
G35866136 |
10170624 |
State Bank of India |
08/07/2009 |
25/01/2017 |
- |
1027200000.0 |
OVERSEAS BRANCH, KOLKATA SAMRIDDHI BHAVAN, BLOCK-A, 1, STRAND ROAD KOLKATA-700001 WEST BENGAL INDIA |
|
5 |
G51656627 |
10109800 |
UNION BANK OF INDIA |
06/06/2008 |
25/06/2010 |
17/08/2017 |
440000000.0 |
INDUSTRIAL FINANCE BRANCH1/1, CAMAC STREET, 1ST FLOORKOLKATAWB700016IN |
|
6 |
G43606482 |
10119112 |
CORPORATION BANK |
02/09/2008 |
20/06/2011 |
05/05/2017 |
339000000.0 |
DHARAMTOLLA BRANCH,8, LENIN SARANIKOLKATAWB700013IN |
|
7 |
C78499852 |
10142688 |
ORIENTAL BANK OF COMMERCE |
07/06/2008 |
- |
02/02/2016 |
240000000.0 |
OVERSEAS BRANCH, (LORD'S BUILDING)7/1, LORD SINHA ROAD, (GROUND FLOOR),KOLKATA-700071 WEST BENGAL INDIA |
|
8 |
C78500972 |
10248142 |
ORIENTAL BANK OF COMMERCE |
08/11/2010 |
- |
02/02/2016 |
20000000.0 |
OVERSEAS BRANCH, (LORD'S BUILDING)7/1, LORD SINHA ROAD, (GROUND FLOOR) KOLKATA-700071 WEST BENGAL INDIA |
|
9 |
C75693499 |
10220823 |
STATE BANK OF INDIA |
03/05/2010 |
21/04/2011 |
30/12/2015 |
892100000.0 |
OVERSEAS BRANCH, KOLKATA SAMRIDDHI BHAVAN, BLOCK-A, 1, STRAND ROAD KOLKATA-700001 WEST BENGAL INDIA |
|
10 |
C75691428 |
10112879 |
STATE BANK OF INDIA |
10/06/2008 |
- |
30/12/2015 |
637500000.0 |
OVERSEAS BRANCH, KOLKATA SAMRIDDHI BHAVAN, BLOCK-A, 1, STRAND ROAD KOLKATA-700001 WEST BENGAL INDIA |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Vehicles
- Computer equipment
- Motor vehicles
- Factory equipment
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 65.10 |
|
|
1 |
INR 79.59 |
|
Euro |
1 |
INR 90.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RKI |
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.