|
|
|
MIRA INFORM REPORT
|
Report No. : |
498543 |
|
Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
BRINTONS CARPETS ASIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 414/ 415/ 416, Village Urwade, Taluka Mulshi, District Pune –
412108, Maharashtra |
|
Tel. No.: |
91-20-66758220 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
21.10.1997 |
|
|
|
|
Com. Reg. No.: |
11-014590 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 340.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17226PN1997PTC014590 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0398048479 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB7059H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Carpets and Sells Machine Madewoven Woolen Carpets and Spun Yarn. The Company also renders IT enabled design, planning and estimation services to Brintons Carpets Limited, UK in connection with manufacture of carpets. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in October 1997. It operates as a wholly
owned subsidiary of “Brintons Carpets Limited, UK”. The company manufacturer of carpets. For the financial year 2017, the company has reported dip in its
revenue as compared to the previous but has managed to maintain a fair profit
margin of 8.51%. The rating takes into consideration the company’s long-standing
experience, well-established brand image of its parent along with strong
support from the parent in terms of operational, technical and marketing
activities. Furthermore, the rating continues to take into account favourable
capital structure in absence of any debt and improved operating cycle. Payment terms seems to be regular and as per commitments. In view of aforesaid, the company can be considered for business
dealings with 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 |
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 17.03.2018
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.: 91-20-66758220
Tel. No.: 91-20-66758220 - Ringing
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 414/ 415/ 416, Village Urwade, Taluka Mulshi, District Pune –
412108, Maharashtra, India |
|
Tel. No. : |
91-20-66758220 |
|
Fax No.: |
91-20-22929233 |
|
Email : |
|
|
Website : |
|
|
|
|
|
Manufacturing Facility : |
Located at:
|
|
|
|
|
Sales Office : |
Radius Tech Park, 201, Plot No. 41, Near MB International School, Phase I, Rajiv Gandhi Info Tech Park, MIDC Hinjewadi, Pune-411057, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Prakash Shankar Basannavar |
|
Designation : |
Managing Director |
|
Address : |
Sno.126/1A, Kunal Icon Pim, Saudagar Building, D/6, Flat-304, Pune -
411027, Maharashtra, India |
|
Date of Birth/Age : |
01.02.1965 |
|
Qualification: |
Professional |
|
Date of Appointment : |
01.12.2014 |
|
PAN No.: |
ADOPB5805D |
|
DIN No.: |
05214338 |
|
|
|
|
Name : |
Mr. Andrew John Edwards |
|
Designation : |
Director |
|
Address : |
The Newmarch, 1 Ludlow Gate Bridgnorth Wv165ab Gb |
|
Date of Birth/Age : |
17.06.1968 |
|
Qualification: |
Professional |
|
Date of Appointment : |
27.09.2013 |
|
DIN No.: |
06591374 |
|
|
|
|
Name : |
Duccio Latino Senese Baldi |
|
Designation : |
Director |
|
Address : |
The Old Barn, The Ham, Coaley Gloucestershire GL 11 5AS Dursley NA GB |
|
Date of Birth/Age : |
20.12.1963 |
|
Date of Appointment : |
26.09.2014 |
|
DIN No.: |
06937047 |
|
|
|
|
Name : |
Mr. Robert David Greenfield |
|
Designation : |
Director |
|
Address : |
4 Burghley Drive Kidderminster Kidderminster Dy116bb Gb |
|
Date of Appointment : |
23.09.2015 |
|
DIN No.: |
07280404 |
KEY EXECUTIVES
|
Name : |
Ms. Rucha Prasad Gadkari |
|
Designation : |
Company Secretary |
|
Address : |
2/17, Thatte Bldg. Gokhale Road, Dadar Mumbai - 400028, Maharashtra,
India |
|
Date of Birth/Age : |
18.06.1984 |
|
Qualification: |
Professional |
|
Date of Appointment : |
18.03.2016 |
|
PAN No.: |
BUBPS7198P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Brintons Carpets Limited |
|
3399997 |
|
Brintons Overseas Holding Limited |
|
3 |
|
Total |
|
3400000 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Carpets and Sells Machine Madewoven Woolen Carpets and Spun Yarn. The Company also renders IT enabled design, planning and estimation services to Brintons Carpets Limited, UK in connection with manufacture of carpets. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
|
||||||||||||||||||||||
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|
Auditors : |
|
|
Name : |
MSKA and Associates Chartered Accountants |
|
Address : |
6th Floor, Building, #1, Cerebrum IT Park, Kalyani Nagar, Pune – 411014, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFK3470E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
Brintons Carpets Limited, United Kingdom |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3400000 |
Equity Shares |
INR 100/- each |
INR 340.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3400000 |
Equity Shares |
INR 100/- each |
INR 340.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
340.000 |
340.000 |
340.000 |
|
(b) Reserves and Surplus |
1039.975 |
931.429 |
835.918 |
|
(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) |
1379.975 |
1271.429 |
1175.918 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
16.669 |
20.182 |
23.367 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
5.706 |
7.146 |
8.941 |
|
Total Non-current
Liabilities (3) |
22.375 |
27.328 |
32.308 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
134.677 |
240.273 |
192.629 |
|
(c) Other current
liabilities |
53.665 |
84.647 |
62.018 |
|
(d) Short-term
provisions |
47.413 |
23.275 |
36.090 |
|
Total Current
Liabilities (4) |
235.755 |
348.195 |
290.737 |
|
|
|
|
|
|
TOTAL |
1638.105 |
1646.952 |
1498.963 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
564.646 |
512.814 |
524.449 |
|
(ii)
Intangible Assets |
5.192 |
8.871 |
13.533 |
|
(iii) Tangible assets
capital work-in-progress |
21.812 |
61.450 |
4.504 |
|
(iv)
Intangible assets under development |
0.000 |
0.008 |
0.479 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
32.487 |
26.701 |
34.090 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
624.137 |
609.844 |
577.055 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
177.377 |
258.095 |
307.465 |
|
(c) Trade
receivables |
686.976 |
661.396 |
484.920 |
|
(d) Cash and
bank balances |
63.213 |
48.866 |
42.105 |
|
(e)
Short-term loans and advances |
85.981 |
68.279 |
86.896 |
|
(f) Other
current assets |
0.421 |
0.472 |
0.522 |
|
Total
Current Assets |
1013.968 |
1037.108 |
921.908 |
|
|
|
|
|
|
TOTAL |
1638.105 |
1646.952 |
1498.963 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1275.311 |
1580.606 |
1529.812 |
|
|
Other Income |
27.101 |
8.351 |
7.439 |
|
|
TOTAL |
1302.412 |
1588.957 |
1537.251 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
529.436 |
815.150 |
840.760 |
|
|
Purchases of
Stock-in-Trade |
3.750 |
6.338 |
11.572 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
32.163 |
21.608 |
(18.773) |
|
|
Employee benefit expense |
265.652 |
262.702 |
249.960 |
|
|
CSR expenditure |
2.497 |
2.843 |
1.062 |
|
|
Other expenses |
229.990 |
284.092 |
252.224 |
|
|
Prior period items before tax |
14.077 |
0.000 |
0.000 |
|
|
TOTAL |
1077.565 |
1392.733 |
1336.805 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
224.847 |
196.224 |
200.446 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.961 |
3.026 |
3.306 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
221.886 |
193.198 |
197.140 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
60.702 |
58.346 |
86.789 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
161.184 |
134.852 |
110.351 |
|
|
|
|
|
|
|
Less |
TAX |
52.638 |
39.341 |
46.359 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
108.546 |
95.511 |
63.992 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
800.906 |
1137.801 |
1150.684 |
|
|
Design services |
148.097 |
136.268 |
116.147 |
|
|
Freight and insurance recovered on export sales |
3.37 |
4.069 |
8.905 |
|
|
TOTAL EARNINGS |
952.373 |
1278.138 |
1275.736 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
384.285 |
590.421 |
665.356 |
|
|
Spares and consumables |
12.318 |
18.286 |
23.431 |
|
|
Capital Goods |
7.336 |
70.26 |
1.435 |
|
|
TOTAL IMPORTS |
403.939 |
678.967 |
690.222 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
31.93 |
28.09 |
188.21 |
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 |
|
Net cash flows from (used in) operations |
130.377 |
155.801 |
12.309 |
|
Net cash flows from (used in) operating activities |
82.794 |
105.219 |
53.363 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
196.62 |
152.73 |
115.70 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.86 |
2.39 |
3.15 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
92.20 |
106.76 |
82.49 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.27 |
0.76 |
0.65 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.38 |
0.34 |
0.37 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.14 |
0.21 |
0.19 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.17 |
0.27 |
0.25 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.43 |
0.46 |
0.46 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
75.94 |
64.85 |
60.63 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
8.51 |
6.04 |
4.18 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.63 |
5.80 |
4.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
7.87 |
7.51 |
5.44 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
4.30 |
2.98 |
3.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
3.55 |
2.24 |
2.11 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.84 |
0.77 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
4.30 |
2.98 |
3.17 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
340.000 |
340.000 |
340.000 |
|
Reserves & Surplus |
835.918 |
931.429 |
1039.975 |
|
Net
worth |
1175.918 |
1271.429 |
1379.975 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
1529.812 |
1580.606 |
1275.311 |
|
|
0.000 |
3.320 |
(19.315) |
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 |
1529.812 |
1580.606 |
1275.311 |
|
Profit/ (Loss) |
63.992 |
95.511 |
108.546 |
|
|
4.18
% |
6.04
% |
8.51
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
|
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from Sant Singh Mokha’s Bunglow 60, Anand Park, Street No. 2, Anudh, Pune – 411007, Maharashtra, India to the present address w.e.f. 28.07.1999
BACKGROUND
Subject (‘BRASIA’ or ‘the Company’) was incorporated on 21 October 1997.
The Company manufactures and sells machine made woven woolen carpets and spun yarn. A substantial portion of BRASIA’s production is sold to Brintons Carpets Limited., UK and the remainder is sold in the local market. The manufacturing facility of BRASIA is located at Pirangut, Pune.
The Company also renders IT enabled design, planning and estimation services to Brintons Carpets Limited, UK in connection with manufacture of carpets.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE OUTLOOK
During the year, the revenue from operations of the Company was INR 1275.311 Million against 1580.606 Million for the last year. For the Financial Year 2017, the Company earned profit of INR 108.546 Million as compared to profit of INR 95.510 Million in the previous year due to the efforts of the management of the Company. The Directors are looking for good opportunities in future.
The Company is subsidiary of Brintons Carpets Limited, UK as it holds 99.9% shares of the Company.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
A81663247 |
10190764 |
BANK OF BARODA CORPORATE FINANCIAL SERVICES BRANCH PUNE |
26/11/2009 |
24/02/2010 |
- |
150000000.0 |
MANTRI COURT 39 RAMABAI, AMBEDKAR ROAD, PUNE – 411001, MAHARASHTRA, INDIA |
|
2 |
C73125791 |
10385086 |
PUNJAB NATIONAL BANK |
12/10/2012 |
16/03/2015 |
23/11/2015 |
40000000.0 |
KOTHRUD, PUNE – 411038, MAHARASHTRA, INDIA |
|
3 |
B58418443 |
10190763 |
ALLAHABAD BANK |
26/11/2009 |
03/07/2012 |
21/09/2012 |
100000000.0 |
FIRST FLOOR, SEVASADAN SOCIETY, KUNTE CHOWK, LAXMI ROAD, PUNE – 411030, MAHARASHTRA, INDIA |
|
4 |
B43772524 |
10333829 |
BANK OF BARODA |
06/01/2012 |
- |
11/07/2012 |
75000000.0 |
Corporate Financial Services Branch, Mantri Court, 1st Floor, 39, Ramabai Ambedkar Road, PUNE – 411001, MAHARASHTRA, INDIA |
|
5 |
A45586963 |
80048262 |
ABN AMRO BANK N.V. |
14/02/2000 |
10/04/2003 |
01/09/2008 |
68500000.0 |
327, M.G.ROAD, PUNE – 411001, MAHARASHTRA, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Excise duty matters |
30.662 |
49.628 |
|
Direct tax matters |
14.991 |
14.991 |
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.93 |
|
|
1 |
INR 90.72 |
|
Euro |
1 |
INR 80.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.