MIRA INFORM REPORT

 

 

Report No. :

498374

Report Date :

17.03.2018

 

 

IDENTIFICATION DETAILS

 

Name :

SPICER INTERNATIONAL PRIVATE LIMITED (w.e.f. 07.01.2000)

 

 

Formerly Known As :

BATRA MARKETING PRIVATE LIMITED

 

 

Registered Office :

FP 302, PL 56-A, Lane – C, Ragvilas, North Main Road, Koregaon Park, Pune – 411001, Maharashtra

Mobile No.:

91-9011888999 (Mr. Rajiv)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

14.02.1991

 

 

Com. Reg. No.:

11-060311

 

 

Capital Investment / Paid-up Capital :

INR 0.452 Million

 

 

CIN No.:

[Company Identification No.]

U51311PN1991PTC060311

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

TIN No.:

27670306633

 

 

PAN No.:

[Permanent Account No.]

AAACB2191E

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Divulged

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AAACB2191E1Z1

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Traders of consumer, household, industrial and general purpose goods, appliances, materials, commodities, articles, raw materials, agricultural and dairy farm products, sea products, eatables, engineering goods, construction and building materials, wooden and wooden articles, medical instruments (Registered Activity)

 

 

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 :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 1991. It is a subsidiary of Goodday Ventures (India) Private Limited.

 

Management has not filed its financial record with government department for the year 2017 and same are not available from any other sources.

 

As per the available financial records of 2016, the company has reported a decline in its revenue as compared to the previous year’s revenue but has managed to maintain profitability margin of 1.30%

 

The company has average networth base and debt free balance sheet profile.

 

Rating is constrained on account of absence of latest financial records of the company.

 

Business is active. Payment seems to be slow but correct.

 

In view of aforesaid, the company can be considered for business dealings with some caution. 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

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 BY

 

Name :

Mr. Rajiv

Designation :

Not Divulged

Contact No.:

91-9011888999

Date :

16.03.2018

 

 

LOCATIONS

 

Registered Office :

FP 302, PL 56-A, Lane – C, Ragvilas, North Main Road, Koregaon Park, Pune – 411001, Maharashtra, India

Tel. No.:

Not Available

Mobile No.:

91-9011888999 (Mr. Rajiv)

Fax No.:

Not Available

E-Mail :

gooddayventure@gmail.com

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Anil Atmaram Batra

Designation :

Director

Address :

102, Lunawat Classics, ICS Colony, SN 132/B, Shivaji Nagar, Pune- 411005, Maharashtra, India 

Date of Appointment :

14.02.1991

DIN No.:

00613935

 

 

Name :

Ms. Manisha Anil Batra

Designation :

Director

Address :

102, Lunawat Classic ICF Colony, Near Bhosale Nagar, Pune- 411007, Maharashtra, India 

Date of Appointment :

01.01.2008

DIN No.:

00614378

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2016

 

Names of Shareholders

 

No. of Shares

Anil Atmaram Batra

 

1

Goodday Ventures India Private Limited, India

 

4519

Total

 

4520

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2016

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family – Indian)

0.02

Promoters (Body corporate)

99.98

Total 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Traders of consumer, household, industrial and general purpose goods, appliances, materials, commodities, articles, raw materials, agricultural and dairy farm products, sea products, eatables, engineering goods, construction and building materials, wooden and wooden articles, medical instruments (Registered Activity)

 

 

Products / Services :

Item Code No.

Products/Services Description

99612990

Trading in Goods

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

Banker Name :

Axis Bank Limited

Branch :

Not Divulged

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

·         South Indian Bank Limited

 

Auditors :

 

Name :

Milani and Associates

Chartered Accountants

Address :

103, Winners' Court, Next to ZK's Restaurant, Lulla Nagar, Pune – 411040, Maharashtra, India

Tel. No.:

91-20-39397171

E-Mail :

office@maca.co.in

Income-tax PAN of auditor or auditor's firm :

AJEPM3238P

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company (As on 2016):

Goodday Ventures (India) Private Limited

CIN No.: U29190MH1992PTC065241

 

 

CAPITAL STRUCTURE

 

As on 30.09.2016

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

50000

Equity Shares

INR 100/- each

INR 5.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

4520

Equity Shares

INR 100/- each

INR 0.452 Million

 

 

 

 

 


 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2016

31.03.2015

31.03.2014

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

0.452

0.452

0.452

(b) Reserves & Surplus

1.592

(0.354)

(2.455)

(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)

2.044

0.098

(2.003)

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.007

0.007

0.000

(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)

0.007

0.007

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

35.992

33.039

9.224

(c) Other current liabilities

0.400

0.000

0.000

(d) Short-term provisions

0.103

0.145

0.432

Total Current Liabilities (4)

36.495

33.184

9.656

 

 

 

 

TOTAL

38.546

33.289

7.653

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1.197

1.221

1.143

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

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

0.032

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

1.197

1.221

1.175

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

9.858

9.697

4.372

(c) Trade receivables

23.964

18.856

0.837

(d) Cash and cash equivalents

2.687

2.047

0.749

(e) Short-term loans and advances

0.774

0.504

0.503

(f) Other current assets

0.066

0.964

0.017

Total Current Assets

37.349

32.068

6.478

 

 

 

 

TOTAL

38.546

33.289

7.653

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2016

31.03.2015

31.03.2014

 

SALES

 

 

 

 

Income

149.420

225.234

9.515

 

Other Income

5.066

4.815

0.000

 

TOTAL

154.486

230.049

9.515

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

148.203

222.238

9.039

 

Purchases of Stock-in-Trade

0.000

0.000

0.000

 

Employees benefits expense

1.820

1.396

0.000

 

Other expenses

2.494

4.280

0.071

 

TOTAL

152.517

227.914

9.110

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

1.969

2.135

0.405

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.000

0.000

0.419

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

1.969

2.135

(0.014)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

0.024

0.027

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

1.945

2.108

(0.014)

 

 

 

 

 

Less

TAX

0.000

0.007

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

1.945

2.101

(0.014)

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

430.38

464.77

(3.11)

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2016

31.03.2015

31.03.2014

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

0.314

NA

NA

Net cash flows from operating activities

0.314

NA

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Average Collection Days

(Sundry Debtors / Income * 365 Days)

58.54

30.56

32.11

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

6.24

11.94

11.37

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

88.64

54.26

372.47

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.20

0.22

0.09

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

1.64

1.75

0.35

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.95

1.00

1.26

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.00

0.00

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

17.85

338.61

(4.82)

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.59

12.46

(0.57)

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

0.00

0.00

0.97

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2016

31.03.2015

31.03.2014

Net Profit Margin

((PAT / Sales) * 100)

%

1.30

0.93

(0.15)

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

5.05

6.31

(0.18)

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

95.16

2143.88

0.70

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Current Ratio

(Current Assets / Current Liabilities)

1.02

0.97

0.67

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.75

0.67

0.22

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.05

0.00

(0.26)

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.00

0.00

0.00

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.02

0.97

0.67

 

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

31.03.2014

31.03.2015

31.03.2016

 

INR In Million

INR In Million

INR In Million

Share Capital

0.452

0.452

0.452

Reserves & Surplus

(2.455)

(0.354)

1.592

Net worth

(2.003)

0.098

2.044

 

 

 

 

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

31.03.2014

31.03.2015

31.03.2016

 

INR In Million

INR In Million

INR In Million

Sales

9.515

225.234

149.420

 

 

2267.147

(33.660)

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2014

31.03.2015

31.03.2016

 

INR In Million

INR In Million

INR In Million

Sales

9.515

225.234

149.420

Profit/ (Loss)

(0.014)

2.101

1.945

 

(0.15%)

0.93%

1.30%

 

 

 

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

No

9]

Promoter’s background

Yes

10]

Date of Birth of Proprietor / Partners / Directors

No

11]

Pan Card No. of Proprietor / Partners

No

12]

Voter Id Card No. of Proprietor / Partners

No

13]

Type of business

Yes

14]

Line of Business

Yes

15]

Export/import details (if applicable)

No

16]

No. of employees

No

17]

Details of sister concerns

Yes

18]

Major suppliers

No

19]

Major customers

No

20]

Banking Details

No

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

No

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

 

 

INDEX OF CHARGES

 

S

No

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

B30426837

10331369

AXIS BANK LTD. PUNE CAMP BRANCH

01/12/2011

-

-

90000000.0

PARMAR HOUSE, 2413,EAST STREET CAMP PUNE MAHARASHTRA 411001 INDIA

2

B98656143

10349835

Standard Chartered Bank

27/03/2012

08/06/2012

21/02/2014

15000000.0

SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST MUMBAI MAHARASHTRA 400051 INDIA

3

B26299107

80063843

Canara Bank

17/01/1997

-

05/11/2011

8000000.0

CAMP BRANCH PUNE MAHARASHTRA 411001 INDIA

 

 

FIXED ASSETS

 

 


 

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 :

GYT

 

 

Analysis Done by :

NIY

 

 

Report Prepared by :

JYTK

 


 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

 
 

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