|
|
|
MIRA INFORM REPORT
|
Report No. : |
497364 |
|
Report Date : |
19.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
EDELWEISS AGRI VALUE CHAIN LIMITED (w.e.f. 07.12.2015) |
|
|
|
|
Formerly Known
As : |
EDELWEISS INTEGRATED COMMODITY MANAGEMENT LIMITED |
|
|
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Registered
Office : |
Edelweiss House, 294/3, Off C.S.T Road, Kalina, Mumbai- 400098,
Maharashtra |
|
Tel. No.: |
91-22-40635445/ 40094400 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
24.07.2014 |
|
|
|
|
Com. Reg. No.: |
11-256473 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 1000.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH2014PLC256473 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCE7266Q |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AADCE7266Q1ZW |
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|
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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|
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Line of Business
: |
Subject is engaged into following business segments ;
|
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|
|
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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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exists |
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Comments : |
Edelweiss Agri Value Chain Limited is a wholly owned subsidiary of “Edelweiss Commodities Services Limited (ECSL)”. The Company was incorporated in the year 2014 and has its base in Mumbai (Maharashtra). It is engaged in providing integrated post-harvest management solutions including warehousing and collateral management for agri-commodities. EAVCL offers storage and preservation and collateral. Management services for agri commodities along with allied services such as testing and certification and also procurement of agri commodities. For the financial year 2017, the company has achieved 55.18% growth in its revenue as compared to previous year revenue but has reported low profit margin of 0.12%. The moderate financial profile of the company is marked by low reserve base as compared to its capital and unfavourable gap between trade payables and trade receivables along with slightly high debt balance sheet profile. However, rating takes into consideration strong financial and managerial support that the company receives from its holding entity backed by its well experienced management team. Trade relations are reported as good. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered normal for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank Facilities = AA) |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
26.02.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank Facilities A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
26.02.2018 |
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 19.03.2018
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.: 91-22-40635445/ 40094400)
91-22-40194915 (RINGING)
LOCATIONS
|
Registered Office : |
Edelweiss House, 294/3, Off C.S.T Road, Kalina, Mumbai- 400098, Maharashtra, India |
|
|
|
|
Tel. No.: |
91-22-40635445/ 40094400 |
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Fax No.: |
91-22-4086 3759 |
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E-Mail : |
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|
Website: |
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|
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Corporate Office 1 : |
407, Shashi Complex, 4th Floor, Exhibition Road, Patna, Bihar – 800001, India |
|
|
|
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Corporate Office 2 : |
4th and 5th Floor, IN G.S. Point, Opposite University Campus, Off C.S.T Road, Kalina, Mumbai - 400098, Maharashtra, India |
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Tel. No.: |
91-22-6103 7600 |
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Field Office: |
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Storage Location : |
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Labs : |
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DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Santosh Bhanwarlal Dadheech |
||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||
|
Address : |
A-3304, DB Woods, Gokuldham, Krishna Vatika M, Opposite Laxchandi Heights, Gokuldham, Goregaon (East), Mumbai – 400063, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
25.01.1965 |
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Qualification : |
B.COM, CA |
||||||||||||||||||||
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Date of Appointment : |
24.07.2014 |
||||||||||||||||||||
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PAN No.: |
AAJPD3951G |
||||||||||||||||||||
|
DIN No.: |
00196204 |
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|
|
||||||||||||||||||||
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Name : |
Ms. Kalpana Kiran Maniar |
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|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
Flat No. 401, 4th Floor Parkside Diomizia, Dattatrye Marg, Dadar (West), Mumbai – 400028, Maharashtra, India |
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Date of Birth/Age : |
18.01.1962 |
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|
Qualification : |
CA and ICWA |
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PAN No.: |
AABPM1672K |
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|
Date of Appointment : |
04.09.2015 |
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DIN No.: |
00719180 |
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Other Directorship:
|
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|
||||||||||||||||||||
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Name : |
Mr. Kunnasagaran Chinniah |
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|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
12, Countryside Grove, Singapore 789967 |
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|
Date of Birth/Age : |
10.05.1957 |
||||||||||||||||||||
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Qualification : |
M.B.A. from University of California, Berkeley |
||||||||||||||||||||
|
Date of Appointment : |
04.09.2015 |
||||||||||||||||||||
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DIN No.: |
01590108 |
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Other Directorship:
|
|||||||||||||||||||||
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|
|
||||||||||||||||||||
|
Name : |
Mr. Pradeep Rooplal Nagori |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
G-628, Bhoomi Green, Raheja Estate, Kulupwadi, Borivali (East), Mumbai – 400066, Maharashtra, India |
||||||||||||||||||||
|
Date of Birth/Age : |
31.10.1975 |
||||||||||||||||||||
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Qualification : |
B.COM, CA |
||||||||||||||||||||
|
Date of Appointment : |
28.12.2015 |
||||||||||||||||||||
|
PAN No.: |
ABMPN2722M |
||||||||||||||||||||
|
DIN No.: |
03291315 |
||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Manish Vinodrai Ajmera |
|
Designation : |
Company Secretary |
|
Address : |
E-21, Veena Sarang, Sector 9, Saibaba Nagar, Extension, Borivali (West), Mumbai – 400092, Maharashtra, India |
|
Date of Birth/Age : |
19.09.1976 |
|
Qualification : |
B.COM, CA |
|
Date of Appointment : |
01.04.2016 |
|
PAN No.: |
ACTPA4246M |
|
|
|
|
Name : |
Mr. Deepak Mundra |
|
Designation : |
Chief Finance Officer |
|
Address : |
B - 505, Green Homes, J.B. Nagar, Pipe Line, Marol Pipe Line, Andheri (East), Mumbai-400059, Maharashtra, India |
|
Date of Birth/Age : |
03.04.1973 |
|
Qualification : |
B.Com and C.A |
|
Date of Appointment : |
09.02.2017 |
|
PAN No.: |
AAKPM5636N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Edelweiss Commodities Services Limited, India |
|
100049994 |
|
B. Renganathan |
|
1 |
|
Tarun Khurana |
|
1 |
|
Vinit Agarwal |
|
1 |
|
Dipakkumar K. Shah |
|
1 |
|
Nikhil Johari |
|
1 |
|
Ganesh Umashankar |
|
1 |
|
|
|
|
|
|
|
|
|
Total |
|
100050000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.08.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into following business segments ;
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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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|
||||||||
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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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Facilities : |
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Auditors : |
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|
Name : |
NGS and Co. LLP Chartered Accountants |
|
Address : |
B / 4 6, 3rd Floor, Pravasi Industrial Estate, Vishveshwar Nagar Road, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
U45201AP2006PLC078157
L99999MH1995PLC094641 |
|
|
|
|
Subsidiaries : |
U51109AP2008PLC065146
U67190TG2008PLC057122
U51900AP2008PLC065549
U65999TG2010PLC113135
U67100TG2007PLC112499
U51900TG2011PLC077654
U67190TG2011PLC077784
U65990MH2005PLC154854
U65100GJ2008PLC077462
U67110AP1993PLC052266
|
|
|
|
|
Fellow Subsidiaries : |
U72200MH2000PLC124096
U67120MH2009PTC194273
U67120MH1994PLC286057
U67100MH2007PLC174759
U74999MH2014PLC259027
U51109MH2008PLC187594
U65922MH2008PLC182906
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110000000 |
Equity Shares |
INR 10/- each |
INR 1100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100050000 |
Equity Shares |
INR 10/- each |
INR 1000.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
1000.500 |
1000.500 |
1000.500 |
|
(b) Reserves and Surplus |
32.860 |
14.860 |
(0.170) |
|
(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) |
1033.360 |
1015.360 |
1000.330 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3300.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
10.380 |
6.210 |
2.270 |
|
Total Non-current
Liabilities (3) |
3310.380 |
6.210 |
2.270 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
2054.170 |
5586.620 |
1736.440 |
|
(b) Trade
payables |
375.150 |
375.460 |
67.360 |
|
(c) Other
current liabilities |
393.320 |
2324.690 |
860.230 |
|
(d) Short-term
provisions |
25.510 |
0.800 |
0.370 |
|
Total Current
Liabilities (4) |
2848.150 |
8287.570 |
2664.400 |
|
|
|
|
|
|
TOTAL |
7191.890 |
9309.140 |
3667.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
45.810 |
43.130 |
28.650 |
|
(ii)
Intangible Assets |
38.940 |
19.120 |
17.300 |
|
(iii) Tangible assets
capital work-in-progress |
4.420 |
10.490 |
5.580 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
250.000 |
250.000 |
250.000 |
|
(c) Deferred tax assets (net) |
76.830 |
4.000 |
1.540 |
|
(d)
Long-term loans and advances |
37.080 |
20.220 |
19.320 |
|
(e) Other
Non-current assets |
31.080 |
12.120 |
13.030 |
|
Total Non-Current
Assets |
484.160 |
359.080 |
335.420 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1006.230 |
7476.930 |
2878.300 |
|
(c) Trade
receivables |
2159.570 |
1196.330 |
374.740 |
|
(d) Cash and
bank balances |
327.950 |
104.740 |
13.130 |
|
(e)
Short-term loans and advances |
3122.170 |
171.700 |
65.340 |
|
(f) Other
current assets |
91.810 |
0.360 |
0.070 |
|
Total
Current Assets |
6707.730 |
8950.060 |
3331.580 |
|
|
|
|
|
|
TOTAL |
7191.890 |
9309.140 |
3667.000 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
15275.260 |
9843.630 |
659.690 |
|
|
Other Income |
3.650 |
2.360 |
0.700 |
|
|
TOTAL |
15278.910 |
9845.990 |
660.390 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
5842.190 |
13191.050 |
3260.820 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
7467.460 |
(4589.160) |
(2878.300) |
|
|
Employee benefit expense |
321.210 |
270.190 |
106.580 |
|
|
Other expenses |
1062.880 |
668.960 |
140.660 |
|
|
TOTAL |
14693.740 |
9541.040 |
629.760 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
585.170 |
304.950 |
30.630 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
518.940 |
252.320 |
24.020 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
66.230 |
52.630 |
6.610 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
34.960 |
29.560 |
6.860 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
31.270 |
23.070 |
(0.250) |
|
|
|
|
|
|
|
Less |
TAX |
13.270 |
8.040 |
(0.080) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
18.000 |
15.030 |
(0.170) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
303.060 |
37.240 |
|
|
TOTAL EARNINGS |
0.000 |
303.060 |
37.240 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
182.940 |
0.000 |
|
|
TOTAL IMPORTS |
0.000 |
182.940 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.18 |
0.15 |
0.00 |
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 |
1882.730 |
(3533.480) |
(2412.400) |
|
Net cash flows from (used in) operating activities |
1804.630 |
(3549.170) |
(2423.070) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
51.60 |
44.36 |
207.34 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
7.07 |
8.23 |
1.76 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
23.44 |
10.39 |
7.54 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.58 |
0.04 |
0.01 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
6.56 |
4.19 |
0.59 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
0.85 |
0.89 |
0.73 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
5.18 |
5.50 |
1.74 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
2.76 |
8.16 |
2.66 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.09 |
0.07 |
0.05 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.13 |
1.21 |
1.28 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
0.12 |
0.15 |
(0.03) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
0.25 |
0.16 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
1.74 |
1.48 |
(0.02) |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
2.36 |
1.08 |
1.25 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
2.00 |
0.18 |
0.17 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.14 |
0.11 |
0.27 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
5.35 |
5.58 |
1.74 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
2.36 |
1.08 |
1.25 |
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 |
1000.500 |
1000.500 |
1000.500 |
|
Reserves & Surplus |
(0.170) |
14.860 |
32.860 |
|
Net
worth |
1000.330 |
1015.360 |
1033.360 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
3300.000 |
|
Short term borrowings |
1736.440 |
5586.620 |
2054.170 |
|
Total
borrowings |
1736.440 |
5586.620 |
5354.170 |
|
Debt/Equity
ratio |
1.736 |
5.502 |
5.181 |
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 |
659.690 |
9843.630 |
15275.260 |
|
|
|
1392.160 |
55.179 |
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 |
659.690 |
9843.630 |
15275.260 |
|
Profit/ (Loss) |
(0.170) |
15.030 |
18.000 |
|
|
(0.03%) |
0.15
% |
0.12
% |
LEGAL
CASE
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 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Commercial paper |
1485.180 |
1478.020 |
|
Loans and advances from related parties |
0.000 |
2909.440 |
|
Total |
1485.180 |
4387.460 |
INDEX OF CHARGES:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G44021244 |
100097988 |
Standard Chartered Bank |
05/05/2017 |
- |
- |
1300000000.0 |
Narain Manzil, 23, Barakhamba Road,Delhi - 110 001DelhiDL110001IN |
|
2 |
G44432961 |
100099153 |
Syndicate Bank |
11/04/2017 |
- |
- |
500000000.0 |
10, Homji Street, 1st Floor,FortMumbaiMH400001IN |
|
3 |
G42039651 |
100092670 |
THE FEDERAL BANK LTD |
31/03/2017 |
- |
- |
250000000.0 |
32/34, Church Gate HouseVeer Nariman Road, Fort.MumbaiMH400023IN |
|
4 |
G39990098 |
100087494 |
HDFC BANK LIMITED |
04/03/2017 |
- |
- |
500000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL W MUMBAI 400 013MUMBAIMH400013IN |
|
5 |
G38530168 |
100083753 |
LAKSHMI VILAS BANK LIMITED |
03/03/2017 |
- |
- |
500000000.0 |
BHARAT HOUSE, 104, B.S. MARG,FORT MUMBAIMUMBAIMH400001IN |
|
6 |
G37228871 |
100078300 |
INDUSIND BANK LTD. |
30/09/2016 |
16/01/2017 |
- |
5000000000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
7 |
G11178449 |
100049171 |
Axis Trustee Services Limited |
12/08/2016 |
- |
- |
3300000000.0 |
Axis House, Bombay Dyeing Mills CompoundPandurang Budhkar Marg, WorliMumbaiMH400025IN |
|
8 |
G39576020 |
100021224 |
THE SOUTH INDIAN BANK LIMITED |
30/03/2016 |
13/01/2017 |
- |
700000000.0 |
S I B HOUSE MISSION QUARTERST B ROADTHRISSURKe680001IN |
|
9 |
G08320384 |
100023590 |
Axis Bank Limited |
29/03/2016 |
28/06/2016 |
- |
1000000000.0 |
Bund Garden Branch,Ground Floor,Manikchand Ikon,Dhole Patil Road, BundgardenPuneMH411001IN |
|
10 |
G01502269 |
100019740 |
RBL BANK LIMITED |
23/03/2016 |
- |
- |
90000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMa416001IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Estimated amount of contracts remaining to be executed on capital account and not provided for |
32.820 |
29.380 |
FIXED ASSETS
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
- Leasehold Improvements
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 : |
SWT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.