|
|
|
MIRA INFORM REPORT
|
Report No. : |
498220 |
|
Report Date : |
20.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
THE NILGIRI DAIRY FARM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Knowledge Hosue, Shyam Nagar, Off Jogeshwari Vikhroli Link Road,
Jogeshwari (East), Mumbai – 400060, Maharashtra |
|
Tel. No.: |
91-22-30841300 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
21.08.1970 |
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|
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Com. Reg. No.: |
11-265706 |
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|
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Capital
Investment / Paid-up Capital : |
INR 490.027 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110MH1970PTC265706 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
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PAN No.: [Permanent Account No.] |
AAACT8121A |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACT8121A1ZT |
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|
|
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TIN/CST No.: |
27661164070 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is primarily engaged in manufacture of dairy products and staples, trading of bakery products and fast moving consumer goods. (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 |
|
Maximum Credit Limit : |
USD 319000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Future Consumer Limited”, and was incorporated in the year 1970. As per Registrar Of Companies the date of balance sheet (i.e. financial filed) is shown as 31-03-2017 but the documents related to the financial for the year 2017 are not available from any sources. The company has sound financial base and healthy capital structure along with average debt balance sheet. Rating takes into consideration strong managerial and financial support received to the company i.e. unconditional and irrevocable guarantee from Future Consumer Limited toward its credit enhancement. The ratings continue to derive strength from the experienced promoter group of FCL in retail sector as well as its presence across the fast moving consumer goods (FMCG) value chain – from sourcing and processing, to branding and distribution in rural and urban markets. However, rating strength is partially offset due to continuously losses incurred by the company which has reported negative reserves position and intense competition from organised and unorganised sector players. Trade relations are reported as fair. Business is active. Payments are slow but correct. The company can be considered 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 rating A (SO) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
12.10.2017 |
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 DECLINED
Management non-cooperative (Tel No.:91-80-40437100)
LOCATIONS
|
Registered Office : |
Knowledge Hosue, Shyam Nagar, Off Jogeshwari Vikhroli Link Road,
Jogeshwari (East), Mumbai – 400060, Maharashtra, India |
|
Tel. No.: |
91-22-30841300 / 40437100 |
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Fax No.: |
Not Available |
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E-Mail : |
|
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|
|
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Corporate Office : |
Idoms Design and Consulting, 1st Cross, Indira Nagar, Bangalore –
560038, Karnataka, India |
DIRECTORS
As on 31.03.201
|
Name : |
Mr. Bangalore Surayanarayana
Jagadish |
||||||||||||||||||||||||||||||||
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Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||
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Address : |
No. 396, 7th Main, A Block,
2nd Stage, Rajajinagar, Bangalore - 560055, Karnataka, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
15.12.1966 |
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Date of Appointment : |
20.11.2014 |
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PAN No.: |
AAOPJ1554G |
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DIN No.: |
06729556 |
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||||||||||||||||||||||||||||||||
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Name : |
Mr. Manoj Prataprai Gagvani |
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Designation : |
Director |
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|
Address : |
Flat No 3A, A Block, Viceroy
Court, Thakur Village, Kandivali (East), Mumbai - 400101, Maharashtra,
India |
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|
Date of Birth/Age : |
15.09.1966 |
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Date of Appointment : |
21.08.2015 |
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PAN No.: |
AEAPG5724P |
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DIN No.: |
03196589 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||||||
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Name : |
Mr. Adhiraj Anil Harish |
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Designation : |
Director |
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Address : |
13, C.C.I. Chambers Dinshaw
Wacha Road, Churchgate, Mumbai - 400020, Maharashtra, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
13.12.1986 |
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Date of Appointment : |
01.09.2015 |
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PAN No.: |
AAAPH5509D |
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DIN No.: |
03380459 |
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Other Directorship:
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||||||||||||||||||||||||||||||||
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Name : |
Mr. Saurabhkumar Narendra Lal |
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Designation : |
Director |
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|
Address : |
A082, Alpha Block, Bearys
Lakeside Habitat, No. 18 Shanthivana, Kodigehalli, Bangalore - 560092, Karnataka,
India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.12.1973 |
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|
Date of Appointment : |
12.09.2017 |
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PAN No.: |
AAPPL1531J |
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DIN No.: |
07021602 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shailesh Kedawat Raj |
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|
Designation : |
Director |
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Address : |
B2-303, Elita Promenade Jp
Nagar, 7th Phase Bangalore 560078, Karnataka, India |
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Date of Birth/Age : |
02.04.1974 |
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Date of Appointment : |
01.08.2016 |
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PAN No.: |
ABQPK1580L |
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DIN No.: |
07564619 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Manoj Kumar Agarwal |
|
Designation : |
Chief Finance Officer |
|
Address : |
Mahaveer Calyx, Flat- 304,
Btm 4th Stage Nyanappanahalli, Off Bg Road Bangalore 560076, Karnataka,
India |
|
Date of Appointment : |
18.08.2016 |
|
PAN No.: |
ACXPAC0521B |
|
|
|
|
Name : |
Daksh Bajaj |
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Designation : |
Company Secretary |
|
Address : |
C/O Dinesh Lahoti 14,
Jagannath Dutta Lane Flat C -2, Near Science College, Kolkata-700007, West
Bengal, India |
|
Date of Appointment : |
28.05.2013 |
|
PAN No.: |
AOJPB7547L |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of
shareholders (Equity Shareholders) |
No. of Shares |
|
Future Consumer Limited CLASS A, B , C |
241429 |
|
Future Consumer Limited jointly with Manoj Gagvani |
1 |
|
Future Consumer Limited jointly with Samir Kedia |
1 |
|
Future Consumer Limited jointly with Manoj Saraf |
1 |
|
Future Consumer Limited jointly with Amit Kumar Agarwal |
1 |
|
Future Consumer Limited jointly with Sanjay Rathi |
1 |
|
Future Consumer Limited jointly with Neeta Singh |
1 |
|
Total |
241435 |
|
Names of
shareholders (Preference Shareholders) |
No. of Shares |
|
Future Consumer Limited |
4684270 |
|
Total |
4684270 |
Equity Share Break up (Percentage of Total Equity)
As on 12.09.2017
|
Category |
Percentage |
|
Public/Other than promoters (Others – Holding Company) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in manufacture of dairy products and staples, trading of bakery products and fast moving consumer goods. (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 – (NOT AVAILABLE)
GENERAL INFORMATION
|
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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Finance Institution: |
Siemens Financial Services Private Limited, Plot No. 2, Sector No. 2, Kharghar Nodnavi Mumbai-410210, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Associates LLP Chartered Accountants |
|
Address : |
Maruthi Info-Tech Centre, 11-12/1, Inner Ring Road, Koramangale, Bangalore, Karnataka , India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
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|
|
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Holding company: |
|
|
|
|
|
Subsidiary company:
(As on 2016) |
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|
|
|
|
Other related party
(As on 2016) |
|
|
|
|
|
Fellow
Subsidiary(As on 2016) |
|
CAPITAL STRUCTURE
As on 12.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Class A Equity Shares |
INR 100/- each |
INR 35.000 Million |
|
350000 |
Class B Equity Shares |
INR 100/- each |
INR 35.000 Million |
|
305000 |
Class C Equity Shares |
INR 100/- each |
INR 30.500 Million |
|
|
|
|
|
|
4995000 |
1CLASS A % Reedemable Non - Cumulative Preference Shares |
INR 100/- each |
INR 499.500 Million |
|
3000000 |
CLASS B 0.01% Redeemable Non - Cumulative Preference Shares |
INR 100/- each |
INR 300.000 Million |
|
|
Total |
|
INR 900.00
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
89946 |
Class A Equity Shares |
INR 100/-
each |
INR 8.995
Million |
|
125322 |
Class B Equity Shares |
INR 100/-
each |
INR 12.532
Million |
|
26167 |
Class C Equity Shares |
INR 100/-
each |
INR 2.617
Million |
|
4684270 |
1CLASS A % Reedemable Non - Cumulative Preference Shares |
INR 100/-
each |
INR 468.427
Million |
|
|
Total |
|
INR 492.571 Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
490.027 |
490.027 |
490.027 |
|
(b) Reserves & Surplus |
(378.279) |
(326.181) |
(131.392) |
|
(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) |
111.748 |
163.846 |
358.635 |
|
|
|
|
|
|
(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 |
72.661 |
73.871 |
79.548 |
|
(d) long-term
provisions |
13.097 |
13.226 |
4.537 |
|
Total Non-current
Liabilities (3) |
85.758 |
87.097 |
84.085 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
335.034 |
271.141 |
63.346 |
|
(b) Trade
payables |
195.283 |
83.981 |
100.076 |
|
(c) Other
current liabilities |
100.562 |
105.774 |
78.212 |
|
(d) Short-term
provisions |
6.020 |
4.581 |
5.628 |
|
Total Current
Liabilities (4) |
636.899 |
465.477 |
247.262 |
|
|
|
|
|
|
TOTAL |
834.405 |
716.420 |
689.982 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
116.025 |
123.420 |
140.004 |
|
(ii)
Intangible Assets |
9.955 |
10.008 |
8.872 |
|
(iii)
Capital work-in-progress |
0.678 |
0.979 |
1.052 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
120.943 |
20.943 |
20.943 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
194.043 |
297.841 |
269.502 |
|
(e) Other Non-current
assets |
1.992 |
1.833 |
1.698 |
|
Total Non-Current
Assets |
443.636 |
455.024 |
442.071 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
87.020 |
67.472 |
57.249 |
|
(c) Trade receivables |
253.978 |
122.604 |
121.032 |
|
(d) Cash
and cash equivalents |
4.286 |
35.412 |
2.000 |
|
(e)
Short-term loans and advances |
36.313 |
26.397 |
44.756 |
|
(f) Other
current assets |
9.172 |
9.511 |
22.874 |
|
Total
Current Assets |
390.769 |
261.396 |
247.911 |
|
|
|
|
|
|
TOTAL |
834.405 |
716.420 |
689.982 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1975.276 |
1809.638 |
1709.896 |
|
|
Other Income |
48.165 |
64.632 |
34.499 |
|
|
TOTAL |
2023.441 |
1874.270 |
1744.395 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1026.663 |
959.518 |
910.119 |
|
|
Purchases of
Stock-in-Trade |
488.610 |
427.382 |
393.629 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(14.140) |
6.887 |
(12.367) |
|
|
Employee benefit expense |
178.998 |
245.240 |
147.254 |
|
|
Other expenses |
339.864 |
388.432 |
284.629 |
|
|
Exceptional items before tax |
0.000 |
0.000 |
76.932 |
|
|
TOTAL |
2019.995 |
2027.459 |
1800.196 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
3.446 |
(153.189) |
(55.801) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
37.081 |
14.942 |
6.541 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(33.635) |
(168.131) |
(62.342) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
18.463 |
18.121 |
27.311 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(52.098) |
(186.252) |
(89.653) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(52.098) |
(186.252) |
(89.653) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(10.63) |
(38.01) |
(18.30) |
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 |
|
Net cash flows from (used in) operations |
(59.185) |
(170.756) |
(57.263) |
|
Net cash flows from (used in) operating activities |
(63.657) |
(175.180) |
(8.398) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
46.93 |
24.73 |
25.84 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.78 |
14.76 |
14.13 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
47.04 |
22.10 |
28.02 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.04 |
(2.27) |
(0.97) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.03 |
(1.14) |
(0.37) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.76 |
0.65 |
0.36 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.00 |
1.65 |
0.18 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
5.70 |
2.84 |
0.69 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.13 |
0.82 |
0.42 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.09 |
(10.25) |
(8.53) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(2.64) |
(10.29) |
(5.24) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(6.24) |
(26.00) |
(12.99) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(46.62) |
(113.68) |
(25.00) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.61 |
0.56 |
1.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.48 |
0.42 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.13 |
0.23 |
0.52 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.68 |
0.55 |
0.13 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.61 |
0.56 |
1.00 |
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 |
490.027 |
490.027 |
490.027 |
|
Reserves & Surplus |
(131.392) |
(326.181) |
(378.279) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
358.635 |
163.846 |
111.748 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
63.346 |
271.141 |
335.034 |
|
Total
borrowings |
63.346 |
271.141 |
335.034 |
|
Debt/Equity
ratio |
0.177 |
1.655 |
2.998 |
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 |
1709.896 |
1809.638 |
1975.276 |
|
|
0.000 |
5.833 |
9.153 |
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 |
1709.896 |
1809.638 |
1975.276 |
|
Profit/ (Loss) |
(89.653) |
(186.252) |
(52.098) |
|
|
(5.24
%) |
(10.29
%) |
(2.64
%) |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
490.027 |
490.027 |
|
(b) Reserves and Surplus |
|
(480.214) |
(394.687) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
9.813 |
95.340 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
4.560 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
78.049 |
79.044 |
|
(d) long-term
provisions |
|
20.304 |
23.778 |
|
Total Non-current
Liabilities (3) |
|
98.353 |
107.382 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
351.788 |
273.641 |
|
(b) Trade
payables |
|
204.008 |
108.637 |
|
(c) Other
current liabilities |
|
129.544 |
128.430 |
|
(d) Short-term
provisions |
|
7.096 |
5.369 |
|
Total Current
Liabilities (4) |
|
692.436 |
516.077 |
|
|
|
|
|
|
TOTAL |
|
800.602 |
718.799 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
175.872 |
181.163 |
|
(ii)
Intangible Assets |
|
13.281 |
13.334 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.678 |
0.979 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.074 |
0.074 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
174.198 |
172.902 |
|
(e) Other
Non-current assets |
|
98.386 |
98.228 |
|
Total Non-Current
Assets |
|
462.489 |
466.680 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
100.735 |
80.433 |
|
(c) Trade
receivables |
|
184.683 |
94.621 |
|
(d) Cash and
bank balances |
|
5.746 |
38.949 |
|
(e)
Short-term loans and advances |
|
38.928 |
29.721 |
|
(f) Other
current assets |
|
8.021 |
8.395 |
|
Total
Current Assets |
|
338.113 |
252.119 |
|
|
|
|
|
|
TOTAL |
|
800.602 |
718.799 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
2229.061 |
1951.641 |
|
|
Other Income |
|
28.820 |
45.271 |
|
|
TOTAL |
|
2257.881 |
1996.912 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1218.584 |
1148.521 |
|
|
Purchases of
Stock-in-Trade |
|
390.099 |
250.189 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(13.116) |
5.335 |
|
|
Employee benefit expense |
|
236.198 |
278.322 |
|
|
Other expenses |
|
441.235 |
474.536 |
|
|
TOTAL |
|
2273.000 |
2156.903 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
(15.119) |
(159.991) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
37.648 |
17.344 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(52.767) |
(177.335) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
32.262 |
26.925 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(85.029) |
(204.260) |
|
|
|
|
|
|
|
Less |
TAX |
|
0.498 |
0.026 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(85.527) |
(204.286) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(17.45) |
(41.69) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
No |
|
8] |
Designation of contact person |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
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 |
Yes |
|
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 |
NOTE: Registered office of the company has been
shifted from “No. 180, EPIP Zone, Behind Ginger Hotel, I Gate, Whitefield, M-Silver
Line Tech Park, Bangalore-560066, Karnataka, India” to the present address.
UNSECURED LOAN
|
PARTICULAR |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term borrowings |
|
|
|
Intercorporate borrowings |
145.311 |
164.031 |
|
|
|
|
|
Total |
145.311 |
164.031 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G47194162 |
100106295 |
VISTRA ITCL (INDIA) LIMITED |
31/05/2017 |
- |
- |
500000000.0 |
IL&FS FINANCIAL CENTRE, PLOT NO C22, G BLOCK BANDRA KURLA COMPLEX, BANDRA EAST MUMBAI – 400051, MAHARASHTRA INDIA |
|
2 |
G50173483 |
10572780 |
VISTRA ITCL (INDIA) LIMITED |
16/05/2015 |
12/07/2017 |
- |
600000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EAST MUMBAI-400051 , MAHARASHTRA INDIA |
|
3 |
G51821411 |
10415753 |
RBL BANK LIMITED |
22/03/2013 |
05/08/2017 |
- |
270000000.0 |
SHAHUPURI,KOLHAPUR, 416001, MAHARASHTRA INDIA |
|
4 |
G70963541 |
100120388 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
28/04/2017 |
- |
02/12/2017 |
5140800.0 |
PLOT NO. 2,SECTOR NO. 2, KHARGHAR NODNAVI MUMBAI-410210 , MAHARASHTRA INDIA |
|
5 |
G06932990 |
10562496 |
YES BANK LIMITED |
08/04/2015 |
- |
23/06/2016 |
1250000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIADR. A.B. ROAD, WORLI MUMBAI-400018 , MAHARASHTRA INDIA |
|
6 |
G06932263 |
10560038 |
YES BANK LIMITED |
08/04/2015 |
08/04/2015 |
23/06/2016 |
550000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIADR. A. B. ROAD, WORLI MUMBAI-400018 , MAHARASHTRA INDIA |
|
7 |
G02147874 |
10572251 |
YES BANK LIMITED |
31/03/2015 |
- |
30/03/2016 |
200000000.0 |
1ST FLOOR, PRESTIGE OBELISKMUNICIPAL NO 3, KASTURBA ROAD BANGALORE-560001 , MAHARASHTRA INDIA |
|
8 |
B73681595 |
10107169 |
The Hongkong and Shanghai Banking Corporation Limited |
25/06/2008 |
05/02/2010 |
16/04/2013 |
320000000.0 |
7 M.G.ROAD BANGALORE-560001 , MAHARASHTRA INDIA |
|
9 |
A16253791 |
80030881 |
Central Bank of India |
25/06/1982 |
- |
22/05/2007 |
100000.0 |
BRIGADE ROAD BANGALORE-560001 , MAHARASHTRA INDIA |
|
10 |
A14442594 |
80028635 |
VIJAYA BANK |
05/05/1982 |
- |
17/04/2007 |
8000000.0 |
BRIGADE ROAD BANGALORE-560001 , MAHARASHTRA INDIA |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and equipment
- Vehicles
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 64.87 |
|
UK Pound |
1 |
INR 90.48 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
RKI |
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.