|
|
|
MIRA INFORM REPORT
|
Report No. : |
451297 |
|
Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
GODAVARI COMMODITIES LIMITED |
|
|
|
|
Formerly Known
As : |
GODAVARI COMMODITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
18, Netaji Subhas Road, 2nd Floor, Kolkata – 700001, West
Bengal |
|
Tel. No.: |
91-33-22426134 / 8972 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
31.03.1992 |
|
|
|
|
Com. Reg. No.: |
21-055015 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 122.493 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB1992PLC055015 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG2253K |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19AABCG2253K1ZK |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
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|
|
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Line of Business
: |
The company is engaged in trading of coal and providing services in relation to procurement, handling and delivery of coal from different collieries to the end users. (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 8600000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is an established company incorporated in the year 1992. It is having good track records. For the financial year 2017, the company has registered decrease in revenue from operations as compared to previous year but maintained average profit margin of 3.07%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and low debt balance sheet. Further, the rating also reflects from its extensive industry experience of promoters, established track record of business operations along with the market position, improvement in the revenue and helthy liquidity profile. These rating strengths are partially offset by exposure to intense competition, and vulnerability to government regulations. Trade relations are reported as fair. Business is active. Payments terms are seems to be regular. In view of the 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
31.12.2016 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
31.12.2016 |
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 BY
MANAGEMENT NON-COOPERATIVE (TEL NO.: 91-33-22426134)
LOCATIONS
|
Registered Office : |
18, Netaji Subhas Road, 2nd Floor, Kolkata – 700001, West
Bengal, India |
|
Tel. No.: |
91-33-22426134/ 22312966/ 2969 |
|
Fax No.: |
91-33-22426160/ 22621903/ 04 |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at: · New Delhi · Singrauli · Dhanbad · Durgapur · Raniganj · Kolkata · Ranchi |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ishwar Chand Agarwal |
|||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||
|
Address : |
12, Dwarkapuri, Jamnalal Bajaj Marg, C-Scheme, Jaipur – 302001, Rajasthan, India |
|||||||||||||||||||||||||||||||||
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Date of Appointment : |
30.03.2015 |
|||||||||||||||||||||||||||||||||
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DIN No.: |
00011152 |
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Other Directorship
|
||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
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Name : |
Mr. Indraj Mal Bhutoria |
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Designation : |
Director |
|||||||||||||||||||||||||||||||||
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Address : |
10, Belvedere Road, 7th Floor, Room No. 7D, Kolkata -
700027, West Bengal, India |
|||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.08.1968 |
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Qualification: |
Graduate |
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Date of Appointment : |
31.03.1992 |
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PAN No.: |
ADHPB5294R |
|||||||||||||||||||||||||||||||||
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DIN No.: |
00762361 |
|||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
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Name : |
Mr. Padam Chand Bhutoria |
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Designation : |
Director |
|||||||||||||||||||||||||||||||||
|
Address : |
10, Belvedere Road, 7th Floor, Room No. 7D, Kolkata
-700027, West Bengal, India |
|||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.06.1986 |
|||||||||||||||||||||||||||||||||
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Qualification: |
Graduate |
|||||||||||||||||||||||||||||||||
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Date of Appointment : |
03.08.1992 |
|||||||||||||||||||||||||||||||||
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PAN No.: |
AECPB4217L |
|||||||||||||||||||||||||||||||||
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DIN No.: |
00766443 |
|||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
|
Name : |
Mr. Paras Mal Bhutoria |
|||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||
|
Address : |
10, Belvedere Road, 7th Floor, Room No. 7D, Kolkata -
700027, West Bengal, India |
|||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.02.1942 |
|||||||||||||||||||||||||||||||||
|
Qualification: |
LLB |
|||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.07.1995 |
|||||||||||||||||||||||||||||||||
|
PAN No.: |
ADIPB7116M |
|||||||||||||||||||||||||||||||||
|
DIN No.: |
00766530 |
|||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kamal Singh Bhutoria |
|||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||
|
Address : |
10, Belvedere Road, 7th Floor, Room No. 7D, Kolkata, West
Bengal, India |
|||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.09.1974 |
|||||||||||||||||||||||||||||||||
|
Qualification: |
CA |
|||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.03.2012 |
|||||||||||||||||||||||||||||||||
|
PAN No.: |
ADHPB5295Q |
|||||||||||||||||||||||||||||||||
|
DIN No.: |
01013981 |
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|
||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
|
Name : |
Nabanita Das |
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|
Designation : |
Director |
|||||||||||||||||||||||||||||||||
|
Address : |
Godavari Commodities Limited, 18, Netaji Subhash Road, 2nd Floor, Kolkata – 700001, West Bengal, India |
|||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2015 |
|||||||||||||||||||||||||||||||||
|
DIN No.: |
06935172 |
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KEY EXECUTIVES
|
Name : |
Mr. Sujoy Moitra |
|
Designation : |
Chief Finance Officer |
|
Address : |
Monimela F P School, Balurghat, South Dinajpur Balurghat, Balurghat – 733101, West Bengal, India |
|
Date of Birth/Age : |
10.01.1981 |
|
Qualification: |
MBA |
|
Date of Appointment : |
01.10.2015 |
|
PAN No.: |
BBUPM0064N |
|
|
|
|
Name : |
Mr. Subhomoy Das |
|
Designation : |
Company Secretary |
|
Address : |
76/3, Swamiji Nagar, Seth Bagan Place, Dum Dum, Kolkata – 700030, West Bengal, India |
|
Date of Birth/Age : |
05.06.1986 |
|
Qualification: |
CS |
|
Date of Appointment : |
22.12.2015 |
|
PAN No.: |
ASIPD2702D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Padam Chand Bhutoria |
|
627444 |
|
Paras Mal Bhutoria |
|
487231 |
|
Kamal Singh Bhutoria |
|
499072 |
|
Indra! Mal Bhutoria |
|
526176 |
|
Chandadevi Bhutoria |
|
297326 |
|
Sushila Devi Bhutoria |
|
262731 |
|
Laxytrading Private Limited |
|
185000 |
|
Sorel Commodities Llp |
|
50000 |
|
Godavari Coal Agency Private Limited. |
|
631900 |
|
Sunil Bhutoria |
|
415651 |
|
Godavari Coal Fields Private Limited |
|
589945 |
|
Babita Bhutoria |
|
248681 |
|
Padam Chand Bhutoria HUF |
|
152525 |
|
West Win Textiles Private Limited |
|
252008 |
|
SNCL LOGISTICS Limited |
|
1584230 |
|
DCL Properties Limited |
|
1164633 |
|
DCL Real Estates Limited |
|
1093644 |
|
Curlew Seaview Limited |
|
1097015 |
|
Curlew Riverview Limited |
|
1063976 |
|
SNCL Entertainment Limited |
|
1020132 |
|
|
|
|
|
Total |
|
12249320 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
28.71 |
|
Promoter - Bodies
corporate |
13.95 |
|
Public - Bodies corporate |
57.34 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in trading of coal and providing services in relation to procurement, handling and delivery of coal from different collieries to the end users.. (Registered activity) |
||||||
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||||||
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Products : |
|
||||||
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|
|
||||||
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Brand Names : |
Not Divulged |
||||||
|
|
|
||||||
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Agencies Held : |
Not Divulged |
||||||
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|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Virendra Surana and Company Chartered Accountants |
|
Address : |
Swaika Centre, Room No. 308, 3rd Floor 4A, Pollock Street, Kolkata – 700001, West Bengal, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFV9723A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Joint Venture : |
U10102WB2006PTC110648
|
|
|
|
|
Associates : |
U14290WB2016PTC215484
U14290WB2016PTC217703
U14290WB2016PTC217702 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13600000 |
Equity Shares |
INR 10/- each |
INR 136.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12539320 |
Equity Shares |
INR 10/- each |
INR 125.393 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
125.393 |
125.393 |
125.393 |
|
(b) Reserves and Surplus |
2894.994 |
2686.962 |
2523.385 |
|
(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) |
3020.387 |
2812.355 |
2648.778 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.061 |
|
(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) |
0.000 |
0.000 |
0.061 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
861.793 |
545.907 |
533.572 |
|
(b) Trade
payables |
1994.299 |
568.108 |
1580.272 |
|
(c) Other
current liabilities |
163.073 |
453.308 |
14.583 |
|
(d) Short-term
provisions |
134.001 |
229.434 |
133.202 |
|
Total Current
Liabilities (4) |
3153.166 |
1796.757 |
2261.629 |
|
|
|
|
|
|
TOTAL |
6173.553 |
4609.112 |
4910.468 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
16.035 |
14.309 |
15.465 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
321.793 |
462.519 |
231.194 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
154.084 |
128.234 |
107.374 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
491.912 |
605.062 |
354.033 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
908.463 |
635.109 |
1029.137 |
|
(c) Trade
receivables |
3546.074 |
1783.024 |
2103.036 |
|
(d) Cash and
bank balances |
746.097 |
641.386 |
909.338 |
|
(e)
Short-term loans and advances |
481.007 |
944.531 |
514.924 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
5681.641 |
4004.050 |
4556.435 |
|
|
|
|
|
|
TOTAL |
6173.553 |
4609.112 |
4910.468 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
6777.310 |
9006.161 |
9816.097 |
|
|
Other Income |
78.309 |
100.717 |
54.460 |
|
|
TOTAL |
6855.619 |
9106.878 |
9870.557 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
40.975 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
3663.408 |
4494.936 |
6804.091 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(273.354) |
415.960 |
(705.576) |
|
|
Employee benefit expense |
47.692 |
23.021 |
21.134 |
|
|
Other expenses |
2975.097 |
3895.293 |
3486.210 |
|
|
TOTAL |
6453.818 |
8829.210 |
9605.859 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
401.801 |
277.668 |
264.698 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
42.168 |
8.999 |
74.686 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
359.633 |
268.669 |
190.012 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.951 |
4.379 |
5.500 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
355.682 |
264.290 |
184.512 |
|
|
|
|
|
|
|
Less |
TAX |
147.650 |
100.713 |
65.423 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
208.032 |
163.577 |
119.089 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1719.543 |
2414.510 |
2038.594 |
|
|
TOTAL IMPORTS |
1719.543 |
2414.510 |
2038.594 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
16.59 |
13.05 |
9.50 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
(289.694) |
(56.297) |
416.212 |
|
Net cash flows from (used in) operating activities |
(382.250) |
(136.279) |
349.078 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
190.98 |
72.26 |
78.20 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
1.91 |
5.05 |
4.67 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
196.50 |
46.13 |
84.77 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.44 |
0.44 |
0.26 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
25.06 |
19.41 |
17.12 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
0.51 |
0.39 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.29 |
0.19 |
0.20 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.04 |
0.64 |
0.85 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial Charges] |
|
9.53 |
30.86 |
3.54 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
3.07 |
1.82 |
1.21 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
3.37 |
3.55 |
2.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
6.89 |
5.82 |
4.50 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
1.80 |
2.23 |
2.01 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.51 |
1.88 |
1.56 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.49 |
0.61 |
0.54 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
6.87 |
4.35 |
4.26 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.80 |
2.23 |
2.01 |
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 |
125.393 |
125.393 |
125.393 |
|
Reserves & Surplus |
2523.385 |
2686.962 |
2894.994 |
|
Net
worth |
2648.778 |
2812.355 |
3020.387 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
533.572 |
545.907 |
861.793 |
|
Total
borrowings |
533.572 |
545.907 |
861.793 |
|
Debt/Equity
ratio |
0.201 |
0.194 |
0.285 |
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 |
9816.097 |
9006.161 |
6777.310 |
|
|
|
(8.251) |
(24.748) |
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 |
9816.097 |
9006.161 |
6777.310 |
|
Profit/ (Loss) |
119.089 |
163.577 |
208.032 |
|
|
1.21
% |
1.82
% |
3.07
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
125.393 |
125.393 |
|
(b) Reserves and Surplus |
|
2787.626 |
2654.549 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2913.019 |
2779.942 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
84.325 |
53.536 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
118.500 |
118.500 |
|
(d) long-term
provisions |
|
0.049 |
0.049 |
|
Total Non-current
Liabilities (3) |
|
202.874 |
172.085 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
861.793 |
545.907 |
|
(b) Trade
payables |
|
2187.623 |
854.020 |
|
(c) Other
current liabilities |
|
312.526 |
499.161 |
|
(d) Short-term
provisions |
|
137.183 |
268.245 |
|
Total Current
Liabilities (4) |
|
3499.125 |
2167.333 |
|
|
|
|
|
|
TOTAL |
|
6615.018 |
5119.360 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
98.705 |
113.323 |
|
(ii)
Intangible Assets |
|
0.000 |
35.484 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
263.960 |
355.019 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
283.691 |
277.888 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
646.356 |
781.714 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
908.463 |
635.109 |
|
(c) Trade
receivables |
|
3719.649 |
2012.314 |
|
(d) Cash and
bank balances |
|
753.028 |
646.826 |
|
(e)
Short-term loans and advances |
|
484.405 |
1036.167 |
|
(f) Other
current assets |
|
103.117 |
7.230 |
|
Total
Current Assets |
|
5968.662 |
4337.646 |
|
|
|
|
|
|
TOTAL |
|
6615.018 |
5119.360 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
6799.515 |
9002.270 |
|
|
Other Income |
|
75.384 |
94.437 |
|
|
TOTAL |
|
6874.899 |
9096.707 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
40.975 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
|
3663.408 |
4494.936 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(273.354) |
394.028 |
|
|
Employee benefit expense |
|
56.569 |
33.361 |
|
|
Other expenses |
|
3000.106 |
3940.345 |
|
|
TOTAL |
|
6487.704 |
8862.670 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
387.195 |
234.037 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
53.945 |
27.468 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
333.250 |
206.569 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
51.581 |
58.229 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
281.669 |
148.340 |
|
|
|
|
|
|
|
Less |
TAX |
|
148.086 |
100.718 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
133.583 |
47.622 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
10.653 |
3.798 |
LEGAL CASES
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 |
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
The company is a limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. It is a closely held company and its shares are not listed in any stock exchanges. The company is engaged in trading of coal and providing services in relation to procurment, handling and delivery of coal from different collieries to the end users.
RESULT OF OPERATIONS
AND STATE OF COMPANY AFFAIRS
The Company is primarily engaged in coal trading and handling and transportation of coal. The Company has engaged in new business activities namely working as a channel partner for distribution of product "E-Kyan" launched by IL and FS Education and Technology Services Limited and manufacturing of Kids Rides during the financial year.
The performance of the Company over the period as well as its financial position as presented in the financial statements is considered satisfactory. The Board of Directors of the Company does not expect any significant changes in the activities of the Company in the foreseeable future.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
451.154 |
0.000 |
|
|
|
|
|
Total |
451.154 |
0.000 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G71382329 |
100142115 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
31/10/2017 |
- |
- |
18450000.0 |
ONE FORBES, DR V B GANDHI MARGFORTMUMBAIMH400001IN |
|
2 |
G41228032 |
100090248 |
State Bank of India |
12/04/2017 |
- |
- |
97500000.0 |
SME Exim Branch, Block-A, 6th FloorSamriddhi Bhavan, 1, Strand RoadKolkataWB700001IN |
|
3 |
G45198389 |
100097444 |
YES BANK LIMITED |
04/04/2017 |
28/04/2017 |
- |
200000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
4 |
G39088562 |
100085340 |
INDUSIND BANK LTD. |
04/10/2016 |
- |
- |
200000000.0 |
SAVITRI TOWERS3A, UPPER WOOD STREETKOLKATAWB700017IN |
|
5 |
G51679686 |
10572290 |
State Bank of India |
07/05/2015 |
10/08/2017 |
- |
1800000000.0 |
Commercial Branch, Jeevandeep1,Middleton Street, Jeevandeep Building, 2nd FloorKolkataWB700071IN |
|
6 |
G41123209 |
10516024 |
ICICI BANK LIMITED |
12/08/2014 |
23/03/2017 |
- |
400000000.0 |
3A GURUSADAY ROAD2ND FLOORKOLKATAWB700019IN |
|
7 |
C75026328 |
10280143 |
State Bank of India |
29/03/2011 |
30/11/2015 |
- |
1182000000.0 |
Commercial Branch, Jeevandeep1,Middleton Street, Jeevandeep Building, 2nd FloorKolkataWB700071IN |
|
8 |
C54977012 |
90255996 |
STATE BANK OF INDIA |
28/11/2000 |
08/05/2002 |
20/05/2015 |
150000000.0 |
COMMERCIAL BRANCH ALIPOREALIPOREKOLKATAWB700027IN |
|
9 |
C54986468 |
90254606 |
STATE BANK OF INDIA |
21/03/2005 |
29/03/2011 |
20/05/2015 |
780000000.0 |
COMMERCIAL BRANCH, ALIPORE24/1/1, ALIPORE ROADKOLKATAWB700027IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Guarantees |
320.691 |
98.317 |
|
Other money for which company is contingently liable |
267.371 |
698.533 |
|
Total |
588.062 |
768.850 |
FIXED ASSETS
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
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 64.99 |
|
|
1 |
INR 90.83 |
|
Euro |
1 |
INR 80.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
KJL |
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.