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|
|
MIRA INFORM REPORT
|
Report No. : |
497620 |
|
Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
INDUSS FOOD PRODUCTS AND EQUIPMENTS LIMITED |
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|
|
|
Formerly Known
As : |
CONSOLIDATED EQUIPMENTS (INDIA) LIMITED |
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Registered
Office : |
238/B, A J C Bose Road, 3rd Floor, Kolkata – 700020, West
Bengal |
|
Tel. No.: |
91-33-22878503/ 9266/ 1962/ 22802743 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
26.05.1987 |
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|
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Com. Reg. No.: |
21-031664 |
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Capital
Investment / Paid-up Capital : |
INR 8.500 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
L35204WB1987PLC031664 |
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|
|
IEC No.: [Import-Export Code No.] |
0289015731 |
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TIN No.: |
19410549042 |
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GSTN : [Goods & Service Tax
Registration No.] |
19AAACI7443N1Z3 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACI7443N |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing of Rice Mill Plants and Machinery. [Registered Activity] |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1987. It is into manufacturing
of rice mill plant and machinery. As per the financial records of 2017, the company has achieved a
decent growth of 49.85% in its revenue as compared to the previous year’s
revenue and has gained profitability margin of 7.35%. The company possesses healthy financial position marked by above
average net worth base along with adequate liquidity position. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered good for normal business
dealings at usual trade terms and condition. Note: As per the Registrar of Companies, the subject is shown as
listed but it is not trading on any of the stock exchanged in India |
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
NOT AVAILABLE
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.: 91-33-22879266/ 1962)
Tel. No.:
91-33-22878503 (Ringing)
LOCATIONS
|
Registered Office : |
238/B, A J C Bose Road, 3rd Floor, Kolkata – 700020, West
Bengal, India |
|
Tel. No.: |
91-33-22878503/ 9266/ 1962/ 22802743 |
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Fax No.: |
91-33-22871874/ 8246 |
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E-Mail : |
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Website : |
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Factory: |
Plot No. F – 17, Mouuza-Kandua, Sudha Ras Food Park, 2nd Phase, Dhulagori, Sankrail, District Howrah – 711304, West Bengal, India |
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Branch Offices : |
Located at:
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DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Shanti Swarup Aggarwal |
|
Designation : |
Managing Director |
|
Address : |
Flat-12, Tivoli Court, 1A, Ballygunge Circular Road, Kolkata - 700019, West Bengal, India |
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Date of Birth/Age : |
05.09.1951 |
|
Qualification : |
Graduate |
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Date of Appointment : |
26.05.1987 |
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PAN No.: |
ADEPA0103B |
|
DIN No.: |
00322011 |
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|
|
|
Name : |
Ms. Sadhana Agarwal |
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Designation : |
Director |
|
Address : |
1A Ballygunge Circular Road, P.O.-Ballygunge, Kolkata -
700019, West Bengal, India |
|
Date of Birth/Age : |
19.03.1959 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
20.11.2014 |
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PAN No.: |
ACVPA8662K |
|
DIN No.: |
02239529 |
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|
|
|
Name : |
Mr. Nandan Kumar Basu |
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Designation : |
Director |
|
Address : |
Chotonilpur Road, Burdwan - 713103, West Bengal, India |
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Date of Birth/Age : |
06.11.1948 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.01.2010 |
|
PAN No.: |
ADZPB7137P |
|
DIN No.: |
02449375 |
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|
|
|
Name : |
Mr. Sohanlal Chopra |
|
Designation : |
Director |
|
Address : |
15, Nafar Chandra Das Road, Behala, Kolkata-700034, West
Bengal, India |
|
Date of Birth/Age : |
14.04.1939 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
03.12.2010 |
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PAN No.: |
ADZPB7137P |
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DIN No.: |
03183091 |
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|
|
|
Name : |
Mr. Tapan Kumar Chakraborty |
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Designation : |
Director |
|
Address : |
P-753, Flat No. 2B, Laketown, Block - A, Kolkata - 700089,
West Bengal, India |
|
Date of Birth/Age : |
14.04.1939 |
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Qualification : |
Graduate |
|
Date of Appointment : |
20.11.2014 |
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PAN No.: |
AJSPC5506C |
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DIN No.: |
06676727 |
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Name : |
Mr. Gaurav Khemani |
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Designation : |
Additional Director |
|
Address : |
Khemani House, Kanke Road, Ranchi-834005, Jharkhand, India |
|
Date of Appointment : |
07.10.2017 |
|
DIN No.: |
07435545 |
KEY EXECUTIVES
|
Name : |
Mr. Swapan Kumar Majumder |
|
Designation : |
Chief Financial Officer (CFO) |
|
Address : |
3/C, Hind Road New Santoshpur, P.O. Santoshpur, Kolkata - 700075,
West Bengal, India |
|
Date of Appointment : |
02.03.2015 |
|
PAN No.: |
AJFPM3820L |
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|
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Name : |
Mr. Shanti Swarup Aggarwal |
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Designation : |
Chie Executive Officer (CEO) |
|
Address : |
Flat-12, Tivoli Court 1A, Ballygunge Circular Road, Kolkata – 700019, West Bengal, India |
|
Date of Appointment : |
02.03.2015 |
|
PAN No.: |
ADEPA0103B |
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|
|
|
Name : |
Mr. Ranu Bansal |
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Designation : |
Company Secretary |
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Address : |
138, Gt Road South, Shree Apartment, Flat No. 606, Howrah-711102, West Bengal, India |
|
Date of Appointment : |
15.02.2018 |
|
PAN No.: |
ALNPA9642G |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Category of
Shareholder |
Total No. of Shares |
% of Total No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
||
|
|
|
|
|
|
623750 |
73.38 |
|
|
623750 |
73.38 |
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|
-- |
-- |
|
Total shareholding of Promoter and Promoter Group (A) |
623750 |
73.38 |
|
(B) Public Shareholding |
|
|
|
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|
|
|
|
-- |
-- |
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|
-- |
-- |
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|
-- |
-- |
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|
-- |
-- |
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|
-- |
-- |
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|
-- |
-- |
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|
-- |
-- |
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|
-- |
-- |
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|
Indian |
52000 |
6.12 |
|
|
|
|
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|
174250 |
20.50 |
|
|
-- |
-- |
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|
|
|
|
-- |
-- |
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|
-- |
-- |
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|
-- |
-- |
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|
-- |
-- |
|
Total Public shareholding (B) |
226250 |
26.62 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
|
|
|
|
-- |
-- |
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|
-- |
-- |
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|
-- |
-- |
|
Total (A)+(B)+(C) |
850000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Rice Mill Plants and Machinery. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (AS ON 31.03.2017)
|
Particulars |
Unit |
Licensed
Capacity |
Actual
Production |
|
|
|
|
|
|
Rice Mill Machineries |
Pcs. |
193 |
119 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Financial Institution : |
Magma Leasing Limited, Magna House 24; Park Street,
Kolkata-700016, West Bengal, India |
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|
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Statutory Auditor : |
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|
Name : |
Chopra and Company Chartered Accountants |
|
Address : |
133, Canning Street, Kolkata – 700001, West Bengal, India |
|
PAN No.: |
AACFC1527A |
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|
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Secretarial Auditor : |
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|
Name : |
Miss Richa Shukla Practicing company secretary |
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|
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Internal Auditor : |
|
|
Name : |
K. Daga and Company Chartered Accountants |
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|
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
Entities over which key management personnel and their relatives have
significant influence : |
[CIN No. U15205WB2004PTC100452]
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
850000 |
Equity Shares |
INR 10/- each |
INR 8.500 Million |
|
|
|
|
|
a. There is no movement in the issued, subscribed and fully paid-up equity shares during the FY 2015-16 and FY 2016-17.
b. The company has only one class of equity shares having par value of INR 10 per share. Each holder of equity shares is entitled to one vote per share.
In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
c. Equity Shareholder holding more than 5% of equity shares
|
Name of
Shareholder |
As on 31.03.2017 |
|
|
Number
of Shares held |
% holding |
|
|
Shanti Swarup Aggarwal (Karta of HUF) |
172000 |
20.24% |
|
Vinita Agarwal |
150250 |
17.68% |
|
Sadhana Agarwal |
148200 |
17.44% |
|
Shanti Swarup Aggarwal |
95700 |
11.26% |
|
Vishan Swarup Agarwal |
57600 |
6.78% |
|
Jaju Investments Limited |
48000 |
5.65% |
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 |
8.500 |
8.500 |
8.500 |
|
(b) Reserves &
Surplus |
202.642 |
158.137 |
125.613 |
|
(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) |
211.142 |
166.637 |
134.113 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
4.388 |
4.327 |
4.260 |
|
(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) |
4.388 |
4.327 |
4.260 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
(6.458) |
(15.819) |
(18.001) |
|
(b) Trade payables |
17.183 |
4.082 |
13.972 |
|
(c) Other current liabilities |
49.263 |
53.272 |
63.005 |
|
(d) Short-term provisions |
52.169 |
49.248 |
42.183 |
|
Total Current Liabilities
(4) |
112.157 |
90.783 |
101.159 |
|
|
|
|
|
|
TOTAL |
327.687 |
261.747 |
239.532 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
47.896 |
47.990 |
49.160 |
|
(ii) Intangible Assets |
0.697 |
1.631 |
1.504 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
8.500 |
9.944 |
9.944 |
|
Total Non-Current Assets |
57.093 |
59.565 |
60.608 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
50.152 |
60.933 |
46.174 |
|
(c) Trade receivables |
65.071 |
19.942 |
38.354 |
|
(d) Cash and cash
equivalents |
14.343 |
25.597 |
15.028 |
|
(e) Short-term loans and
advances |
141.028 |
95.710 |
79.368 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
270.594 |
202.182 |
178.924 |
|
|
|
|
|
|
TOTAL |
327.687 |
261.747 |
239.532 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
605.347 |
403.959 |
621.208 |
|
|
Other Income |
39.979 |
29.141 |
17.564 |
|
|
TOTAL |
645.326 |
433.100 |
638.772 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Material Consumed |
389.160 |
231.901 |
419.971 |
|
|
Purchases of Goods Traded |
28.101 |
29.206 |
35.539 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.695 |
(0.402) |
(6.256) |
|
|
Manufacturing and
operating expenses |
19.555 |
14.639 |
19.220 |
|
|
Employees benefits
expense |
68.950 |
57.642 |
71.808 |
|
|
Other expenses |
65.587 |
45.714 |
42.578 |
|
|
TOTAL |
575.048 |
378.700 |
582.860 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
70.278 |
54.400 |
55.912 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.007 |
0.176 |
0.864 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
70.271 |
54.224 |
55.048 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
4.004 |
5.445 |
7.072 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
66.267 |
48.779 |
47.976 |
|
|
|
|
|
|
|
Less |
TAX |
21.762 |
16.255 |
15.563 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
44.505 |
32.524 |
32.413 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
154.642 |
122.118 |
89.705 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
199.147 |
154.642 |
122.118 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
123.690 |
68.934 |
71.779 |
|
|
TOTAL EARNINGS |
123.690 |
68.934 |
71.779 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Moisture Meter |
1.526 |
1.890 |
2.411 |
|
|
Rice Polisher, Spare Parts and Others |
23.185 |
24.318 |
32.999 |
|
|
TOTAL IMPORTS |
24.711 |
26.208 |
35.410 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
52.36 |
38.26 |
38.13 |
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 |
NA |
NA |
NA |
|
Cash Flow from Operating Activities |
23.098 |
10.653 |
47.812 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
39.24 |
18.02 |
22.54 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.30 |
20.26 |
16.20 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
15.03 |
5.71 |
11.20 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.40 |
0.89 |
1.21 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.45 |
1.10 |
1.10 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.34 |
0.35 |
0.42 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(0.03) |
(0.09) |
(0.13) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.53 |
0.54 |
0.75 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.23 |
0.30 |
0.38 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
10039.71 |
309.09 |
64.71 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
% |
7.35 |
8.05 |
5.22 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
13.58 |
12.43 |
13.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
21.08 |
19.52 |
24.17 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.41 |
2.23 |
1.77 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.97 |
1.56 |
1.31 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.64 |
0.64 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
(0.76) |
(1.86) |
(2.12) |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.41 |
2.23 |
1.77 |
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 |
8.500 |
8.500 |
8.500 |
|
Reserves & Surplus |
125.613 |
158.137 |
202.642 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
134.113 |
166.637 |
211.142 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
(18.001) |
(15.819) |
(6.458) |
|
Total borrowings |
(18.001) |
(15.819) |
(6.458) |
|
Debt/Equity ratio |
(0.134) |
(0.095) |
(0.031) |
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 |
621.208 |
403.959 |
605.347 |
|
|
|
(34.972) |
49.854 |
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 |
621.208 |
403.959 |
605.347 |
|
Profit |
32.413 |
32.524 |
44.505 |
|
|
5.22% |
8.05% |
7.35% |
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 |
No |
|
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 |
FINANCIAL REVIEW AND BRIEF
DESCRIPTION OF THE COMPANY’S WORKING DURING THE YEAR/ STATE OF COMPANY’S
AFFAIRS AND FUTURE PROSPECTS:
During the financial year 2016-17, the revenue from operations of the company got enhanced by around 50% and that the company recorded the revenue of INR 605.347 million as against INR 403.959 million in financial year 2015-16. This is mainly due to:
a) Indian Banks have removed Rice Mills from ‘Red’ and ‘Restricted’ category. They have sanctioned pending loan applications of Rice Millers. Domestic sales have increased from INR 301.800 million in 2015-16 to INR 440.000 million in 2016-17.
b) Export of Machineries of INR 68.900 million in 2015-16 has increased
to INR 123.700 million.
BUSINESS OVERVIEW:
The company has received a number of big orders from Bangladesh and
other countries. The company expects to increase its turnover in 2017-18 by
20%.
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G50292648 |
100115576 |
ANDHRA BANK |
29/07/2017 |
- |
- |
50000000.0 |
Chowringhee Branch 58, Chowringhee Branch, Kolkata-700071, West Bengal, India |
|
2 |
B63988976 |
10391617 |
ANDHRA BANK |
16/11/2012 |
- |
- |
23200000.0 |
Chowringhee Branch 58, Chowringhee Branch, Kolkata-700071, West Bengal, India |
|
3 |
B44822419 |
10368342 |
ANDHRA BANK |
22/06/2012 |
- |
- |
23200000.0 |
Chowringhee Branch 58, Chowringhee Branch, Kolkata-700071, West Bengal, India |
|
4 |
B36628568 |
10346446 |
ANDHRA BANK |
13/02/2012 |
- |
- |
10000000.0 |
Chowringhee Branch 58, Chowringhee Branch, Kolkata-700071, West Bengal, India |
|
5 |
C48329361 |
10058579 |
ANDHRA BANK |
28/06/2007 |
31/01/2015 |
- |
17500000.0 |
Chowringhee Branch 58, Chowringhee Branch, Kolkata-700071, West Bengal, India |
|
6 |
G02825446 |
90255434 |
ANDHRA BANK |
30/04/2005 |
31/10/2015 |
- |
48000000.0 |
Chowringhee Branch 58, Chowringhee Branch, Kolkata-700071, West Bengal, India |
|
7 |
Y10364282 |
90256645 |
WEST BENGAL FINANCIAL CORPORATION |
29/04/2005 |
- |
- |
13500000.0 |
12A;Netaji Subhas Road, Kolkata-700001, West Bengal, India |
|
8 |
Y10363240 |
90255603 |
WEST BENGAL FINANCIAL CORPORATION |
20/03/1986 |
04/11/1991 |
- |
1975000.0 |
12A, Netaji Subhas Road, Kolkata-700001, West Bengal, India |
|
9 |
G35579697 |
90254036 |
MAGMA LEASING LIMITED |
13/06/2001 |
- |
06/02/2017 |
1672560.0 |
Magna House 24; Park Street, Kolkata-700016, West Bengal, India |
|
10 |
G35128115 |
10133757 |
ANDHRA BANK |
24/11/2008 |
- |
20/01/2017 |
2130000.0 |
Chowringhee Branch 58, Chowringhee Branch, Kolkata-700071, West Bengal, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Bank Guarantee issued to WBSEB |
0.847 |
0.847 |
|
Performance Bank Guarantee issued to Customer |
2.610 |
0.000 |
|
Prestige Ice cream Private Limited (for Corporate Guarantee)) |
0.000 |
17.500 |
|
Total |
3.457 |
18.347 |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and machinery
- Electrical installation
- Furniture and Fixture
- Office equipment
- CCTV
- Photo Copier machine
- Motor car
- Computer equipment
- Motor cycle
- Air conditioner
Intangible Asset:
- Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism)
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 64.87 |
|
UK Pound |
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
BHG |
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.