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|
|
%20PRIVATE%20LIMITED%20-%20497677%2020-Mar-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20497677%2020-Mar-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20497677%2020-Mar-2018_files/image006.gif)
MIRA
INFORM REPORT
|
Report No. : |
497677 |
|
Report Date : |
20.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
NIPPON PAINT (INDIA) PRIVATE LIMITED (w.e.f. 30.05.2006) |
|
|
|
|
Formerly Known
As : |
NIPSEA PAINTS AND CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. K-8(1), Phase-II, SIPCOT Industrial Park, Mamabakkam Village, Sriperumbudur, Sunguvarchatram, Kancheepuram - 602106, Tamilnadu |
|
Tel. No.: |
91-44-42982212/ 37175555 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.01.2006 |
|
|
|
|
Com. Reg. No.: |
18-069356 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5628.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999TN2006PTC069356 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0505090619 |
|
|
|
|
TIN No.: |
33691522709 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN2352F |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
33AACCN2352F1ZX |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of purchase, manufacture and distribution of paints. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 14200000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a joint venture between “Nipsea Holdings International Limited, Hong Kong” and “Nippon Paint Holdings Company Limited, Japan”. The company is a paints manufacturing company. Its products include decorative paints, industrial paints, automotive paints, ancillaries and paint selector. For the financial year 2017, the company has achieved massive growth in its revenue as compared to its previous year along with fair profit margin of 11.73% during the year. The sound financial profile of the company is reflected by its healthy solvency indicators due to zero debt balance sheet profile along with adequate capital base and satisfactory liquidity position. Rating positively factor into company’s established track record of business operations marked by its well established market net worth along with positive outlook for paint industry. Rating also takes into account of strong financial and managerial support that company receives from its joint venture entity backed by its well experienced management team. However, rating strength is partially offset by vulnerability of its operating margins to volatility in raw material prices along with some exposure to currency fluctuation risks and intense competition from organized and unorganized players in the industry. Trade relations are reported as fair. Payments seems to be regular and as per commitment. In view of aforesaid, the company can be considered good for normal 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 |
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 20.03.2018
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 : |
Not Divulged |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-44-42982212 |
|
Date : |
19.03.2018 |
Management non-cooperative (Tel No.: 91-44-37175555)
LOCATIONS
|
Registered Office : |
Plot No. K-8(1), Phase-II, SIPCOT Industrial Park, Mamabakkam Village, Sriperumbudur, Sunguvarchatram, Kancheepuram - 602106, Tamilnadu, India |
|
Tel. No.: |
91-44-42982212/ 37175555 |
|
Fax No.: |
91-44-37175556 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Industrial Unit : |
Survey No. 6 to 22, Taloka-Ambernath Road, Ghotchal, Post Ghot Camp,
Taluka Panvel, District –Raigad, Maharashtra – 410 208, India |
|
|
|
|
Corporate and Decorative Office : |
K.R.M. Center, 9th Floor, No 2, Harrington Road, Chetpet, Chennai – 600031, Tamilnadu, India |
|
Tel. No.: |
91-44-42982222 / 42982219 |
|
Fax No.: |
91-44-42982200 |
|
|
|
|
Automotive Refinish: |
229, F.I.E. Patparganj Industrial Area, Delhi – 110092, India |
|
Tel. No.: |
91-22-43095357 |
|
|
|
|
Branch Offices : |
Located At: · Telangana · Andhra Pradesh · Madhya Pradesh · Maharashtra · Chhattisgarh · Gujarat · Haryana · Karnataka · Kerala · Tamilnadu · New Delhi · Punjab · Rajasthan · Uttar Pradesh |
DIRECTORS
As on 31.03.2017
|
Name : |
Shae Toh Hock |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
11 Upper Bukit Timah View #5-02 Singapore 588137 |
||||||||
|
Date of Birth/Age : |
04.06.1960 |
||||||||
|
Qualification: |
Post Graduate |
||||||||
|
Date of Appointment : |
17.05.2016 |
||||||||
|
DIN No.: |
07515138 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Wee Siew Kim |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
36 Victoria Park Road Singapore 266517 |
||||||||
|
Date of Birth/Age : |
19.08.1960 |
||||||||
|
Date of Appointment : |
25.05.2010 |
||||||||
|
DIN No.: |
03040686 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mitsuo Yamada |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
19-13, Kashikiriyama Suita City Osaka 5560011, Japan |
||||||||
|
Date of Appointment : |
17.05.2016 |
||||||||
|
DIN No.: |
06673866 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mure Shoichi |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
1/226, The Address Sukhumvit 28 Soi 28, Sukhumvit Road, Klongton,
Klongt Oney, Bang Bangkok 10110 |
||||||||
|
Date of Appointment : |
17.05.2016 |
||||||||
|
DIN No.: |
07515302 |
||||||||
|
|
|
||||||||
|
Name : |
Kawasumi Yasushi |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
1-1-23-819, Saidaiji-Higashimachi Nara City Nara -6308213, Japan |
||||||||
|
Date of Appointment : |
17.05.2016 |
||||||||
|
DIN No.: |
07518176 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Takeshi Shiotani |
||||||||
|
Designation : |
Additional Director |
||||||||
|
Address : |
2-7-9, Meguro-Ku Tokyo Na Japan |
||||||||
|
Date of Appointment : |
02.08.2017 |
||||||||
|
DIN No.: |
07860256 |
||||||||
|
|
|
||||||||
|
Name : |
Mr. Mahesh Sivasankaran Anand |
||||||||
|
Designation : |
Additional Director |
||||||||
|
Address : |
812, 3 Road Floor, Krishna Park Avenue 37D, Tambaram Velachery Road,
Chennai - 600042, Tamilnadu, India |
||||||||
|
Date of Appointment : |
08.11.2017 |
||||||||
|
DIN No.: |
07981624 |
||||||||
|
Other Directorship
:
|
|||||||||
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Nipsea Holding International Limited, Hong Kong |
281400000 |
50.00 |
|
Nippon Paint Holdings Company Limited, Japan (Formerly Nippon Paint Company Limited) |
281400000 |
50.00 |
|
Total |
562800000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20497677%2020-Mar-2018_files/image008.gif)
Equity Share Break up (Percentage of Total Equity)
As on 06.06.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of purchase, manufacture and distribution of paints. (Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers (As on 2016) : |
|
|
Auditors : |
|
|
Name : |
Francis Charles and Associates Chartered Accountants |
|
Address : |
25/11A, 1st Street, Bunder- Garden, Perambur, Chennai-600011, Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFF6369A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company : |
PCTS Specialty Chemicals (India) Private Limited CIN No.: U24110MH2006PTC166277 |
|
|
|
|
Associates : |
· Nippe Trading Company Limited, JAPAN · Nippe Trading (Thailand) Company Limited, THAILAND · Nippe Trading Company Limited (Singapore) · Nippon Paint (SIngapore) Company Pte. Limited · Nippon Piant (Thailand) Company Limited · Nippon Paint (M) · Nipsea Management Company Pte. Limited · Nippon Paint Holding Company Limited (Formerly Nippon Paint Company Limited) · Nippon Paint Middle East · Nippon Paint · PT. NP Auto Refinishes · Nippon Paint (Lanka) Private Limited · Np Auto Refinishes Company Limited |
CAPITAL STRUCTURE
As on 06.06.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
570000000 |
Equity Shares |
INR 10/- each |
INR 5700.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
562800000 |
Equity Shares |
INR 10/- each |
INR 5628.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
01.04.2016 to 31.03.2017 |
01.01.2016 to 31.03.2016 |
01.01.2015 to 31.12.2015 |
|
|
(12 Months) |
(3 Months) |
(12 Months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5628.000 |
5628.000 |
5628.000 |
|
(b) Reserves and Surplus |
(653.345) |
(1560.944) |
(1922.761) |
|
(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) |
4974.655 |
4067.056 |
3705.239 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
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 |
37.657 |
30.342 |
27.962 |
|
Total Non-current
Liabilities (3) |
37.657 |
30.342 |
27.962 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1162.374 |
1096.518 |
988.396 |
|
(c) Other
current liabilities |
496.525 |
345.009 |
357.000 |
|
(d) Short-term
provisions |
309.314 |
212.146 |
587.380 |
|
Total Current
Liabilities (4) |
1968.213 |
1653.673 |
1932.776 |
|
|
|
|
|
|
TOTAL |
6980.525 |
5751.071 |
5665.977 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1645.342 |
1656.552 |
1597.377 |
|
(ii)
Intangible Assets |
32.821 |
23.289 |
23.853 |
|
(iii) Tangible assets
capital work-in-progress |
40.441 |
46.720 |
60.133 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.007 |
1.007 |
1.007 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term
loans and advances |
37.759 |
40.993 |
41.117 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1757.370 |
1768.561 |
1723.487 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1199.677 |
898.753 |
821.828 |
|
(c) Trade receivables |
1534.156 |
1238.861 |
1151.973 |
|
(d) Cash and bank balances |
1947.330 |
1462.727 |
1620.177 |
|
(e) Short-term loans and advances |
541.992 |
382.169 |
348.512 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
5223.155 |
3982.510 |
3942.490 |
|
|
|
|
|
|
TOTAL |
6980.525 |
5751.071 |
5665.977 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
01.04.2016 to 31.03.2017 |
01.01.2016 to 31.03.2016 |
01.01.2015 to 31.12.2015 |
|
|
|
(12 Months) |
(3 Months) |
(12 Months) |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
7734.744 |
1725.734 |
6203.539 |
|
|
Other Income |
176.076 |
97.942 |
112.116 |
|
|
TOTAL |
7910.820 |
1823.676 |
6315.655 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3680.966 |
815.779 |
2968.408 |
|
|
Purchases of
Stock-in-Trade |
738.820 |
143.012 |
498.205 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
344.245 |
74.283 |
367.169 |
|
|
Employee benefit expense |
868.172 |
137.050 |
716.689 |
|
|
CSR expenditure |
1.501 |
0.000 |
0.000 |
|
|
Other expenses |
1923.034 |
261.618 |
1636.747 |
|
|
Extraordinary items |
(820.708) |
0.000 |
0.000 |
|
|
TOTAL |
6736.030 |
1431.742 |
6187.218 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1174.790 |
391.934 |
128.437 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1174.790 |
391.934 |
128.437 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
119.278 |
30.117 |
111.634 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1055.512 |
361.817 |
16.803 |
|
|
|
|
|
|
|
Less |
TAX |
147.912 |
0.000 |
0.098 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
907.600 |
361.817 |
16.705 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
(1560.944) |
(1922.761) |
(1939.466) |
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
(653.344) |
(1560.944) |
(1922.761) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
400.534 |
88.462 |
272.715 |
|
|
TOTAL EARNINGS |
400.534 |
88.462 |
272.715 |
|
|
|
|
|
|
|
|
C. I. F. VALUE OF
IMPORTS |
|
|
|
|
|
Raw Materials |
309.427 |
55.360 |
0.000 |
|
|
Finished Goods |
150.723 |
34.427 |
117.586 |
|
|
Capital Goods |
7.752 |
0.000 |
32.367 |
|
|
Accessories |
1.050 |
0.000 |
0.000 |
|
|
Others |
417.310 |
0.000 |
0.000 |
|
|
TOTAL
IMPORTS |
886.262 |
89.787 |
149.953 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.61 |
0.64 |
0.03 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
01.04.2016 to 31.03.2017 |
01.01.2016 to 31.03.2016 |
01.01.2015 to 31.12.2015 |
|
|
(12 Months) |
(3 Months) |
(12 Months) |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(377.848) |
(83.951) |
297.585 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
01.04.2016 to 31.03.2017 |
01.01.2016 to 31.03.2016 |
01.01.2015 to 31.12.2015 |
|
|
(12 Months) |
(3 Months) |
(12 Months) |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
72.40 |
262.02 |
67.78 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.04 |
1.39 |
5.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
95.99 |
417.43 |
104.07 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.98 |
0.44 |
0.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.68 |
0.23 |
0.08 |
LEVERAGE RATIOS
|
PARTICULARS |
01.04.2016 to 31.03.2017 |
01.01.2016 to 31.03.2016 |
01.01.2015 to 31.12.2015 |
|
|
(12 Months) |
(3 Months) |
(12 Months) |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.28 |
0.29 |
0.34 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.40 |
0.41 |
0.52 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.35 |
0.42 |
0.45 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
01.04.2016 to 31.03.2017 |
01.01.2016 to 31.03.2016 |
01.01.2015 to 31.12.2015 |
|
|
|
(12 Months) |
(3 Months) |
(12 Months) |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
11.73 |
20.97 |
0.27 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
13.00 |
6.29 |
0.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.24 |
8.90 |
0.45 |
SOLVENCY RATIOS
|
PARTICULARS |
01.04.2016 to 31.03.2017 |
01.01.2016 to 31.03.2016 |
01.01.2015 to 31.12.2015 |
|
|
(12 Months) |
(3 Months) |
(12 Months) |
|
Current Ratio (Current Assets / Current Liabilities) |
2.65 |
2.41 |
2.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.04 |
1.86 |
1.61 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.71 |
0.71 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.65 |
2.41 |
2.04 |
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 |
31.12.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
5628.000 |
5628.000 |
5628.000 |
|
Reserves & Surplus |
(1922.761) |
(1560.944) |
(653.345) |
|
Net
worth |
3705.239 |
4067.056 |
4974.655 |
|
|
|
|
|
|
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 |
%20PRIVATE%20LIMITED%20-%20497677%2020-Mar-2018_files/image010.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
6203.539 |
1725.734 |
7734.744 |
|
|
|
(72.181) |
348.200 |
%20PRIVATE%20LIMITED%20-%20497677%2020-Mar-2018_files/image012.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
6203.539 |
1725.734 |
7734.744 |
|
Profit/ (Loss) |
16.705 |
361.817 |
907.600 |
|
0.27% |
20.97% |
11.73% |
%20PRIVATE%20LIMITED%20-%20497677%2020-Mar-2018_files/image014.gif)
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
01.04.2016 to 31.03.2017 |
01.01.2016 to 31.03.2016 |
|
|
|
(12 Months) |
(3 Months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
5628.000 |
5628.000 |
|
(b) Reserves and Surplus |
|
(653.639) |
(1561.227) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
4974.361 |
4066.773 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
37.657 |
30.342 |
|
Total Non-current
Liabilities (3) |
|
37.657 |
30.342 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
1163.986 |
1098.132 |
|
(c) Other current liabilities |
|
496.525 |
345.063 |
|
(d) Short-term provisions |
|
309.335 |
212.146 |
|
Total Current
Liabilities (4) |
|
1969.846 |
1655.341 |
|
|
|
|
|
|
TOTAL |
|
6981.864 |
5752.456 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1645.342 |
1656.552 |
|
(ii) Intangible Assets |
|
32.821 |
23.289 |
|
(iii) Tangible assets capital work-in-progress |
|
40.441 |
46.720 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.015 |
0.015 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term loans and advances |
|
37.759 |
40.993 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
1756.378 |
1767.569 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1199.677 |
898.753 |
|
(c) Trade receivables |
|
1534.829 |
1239.580 |
|
(d) Cash and bank balances |
|
1948.988 |
1464.385 |
|
(e) Short-term loans and advances |
|
541.992 |
382.169 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
5225.486 |
3984.887 |
|
|
|
|
|
|
TOTAL |
|
6981.864 |
5752.456 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
01.04.2016 to 31.03.2017 |
01.01.2016 to 31.03.2016 |
|
|
|
|
(12 Months) |
(3 Months) |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
7734.744 |
1725.734 |
|
|
Other Income |
|
176.110 |
97.942 |
|
|
TOTAL |
|
7910.854 |
1823.676 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
3680.966 |
815.779 |
|
|
Purchases of Stock-in-Trade |
|
738.820 |
143.012 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
344.245 |
74.283 |
|
|
Employee benefit expense |
|
868.172 |
137.050 |
|
|
Other expenses |
|
1924.581 |
261.639 |
|
|
Extraordinary items |
|
(820.708) |
0.000 |
|
|
TOTAL |
|
6736.076 |
1431.763 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
1174.778 |
391.913 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1174.778 |
391.913 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
119.278 |
30.117 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
1055.500 |
361.796 |
|
|
|
|
|
|
|
Less |
TAX |
|
147.912 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
907.588 |
361.796 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
1.61 |
0.64 |
LEGAL
CASES
%20PRIVATE%20LIMITED%20-%20497677%2020-Mar-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20497677%2020-Mar-2018_files/image018.jpg)
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 |
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 about two years
3 months |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last about two years 3
months |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
No |
|
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 |
NOTE: Registered office of the company has been shifted from Plot No. K-8(1), Phase- II, SIPCOT Industrial Park, Mambakkam Village, Sriperumbudur-602105, Tamilnadu, India to the present address w.e.f. 15.01.2014
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
G33568163 |
100072615 |
Standard Chartered Bank |
22/12/2016 |
11225000.0 |
1st Floor, Haddows Road Nungambakkam Chennai Tamilnadu 600034 India |
CONTINGENT
LIABILITIES: (As on 31.03.2017)
INR 8.330 million (Previous Year INR 7.386 million)
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Licenses and franchise
- Licenses
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 65.20 |
|
UK Pound |
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·