|
|
|
MIRA INFORM REPORT
|
Report No. : |
499126 |
|
Report Date : |
20.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRANSWORLD FURTICHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No. 1801, The Affaires Plot No.9, Sector 17, Sanpada,
Navi Mumbai – 400705, Maharashtra |
|
Mob. No.: |
91-9323201216 [Mr. Kotian] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
27.09.2004 |
|
|
|
|
Com. Reg. No.: |
11-148832 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 78.605 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51497MH2004PTC148832 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AACCT0972D1ZI |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT0972D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in to carry on the business of Manufacturers, Import, Export and resale of fertilizers, Chemicals and Agrochem. [Registered Activity and also Confirmed by management] |
|
|
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Transworld Furtichem Private Limited (TFPL) was co-founded by
Dubai-based Blue Deebaj Chemical LLC (BDCL) and India-based Sana Hospitality Services
which are owned by Dhanani group. The company was incorporated in the year
2004 and is based in Navi Mumbai, Maharashtra. It is an established company
having good track record. Management has failed to file its financials for the year 2017 with Registrar
of Companies. As per the available financial of 2016, the company has witnessed a
healthy growth in its revenue and has achieved profit margin at 1.59%
(approximately). The company possesses sound financial risk profile marked by healthy net
worth base along with low debt level of the company. Fundamentals of the company are strong and healthy. Trade relations are reported as fair. Business is active. Payments
seems to be regular. In view of aforesaid, 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 |
|
Rating |
Long Term Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
April 07, 2017 |
|
Rating Agency Name |
CARE RATING |
|
Rating |
Short Term Rating = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
April 07, 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 DENIED BY
|
Name : |
Mrs. Sunita Yadav |
|
Designation : |
Senior Executive |
|
Contact No.: |
91-8380022169 |
|
Date : |
20.03.2018 |
LOCATIONS
|
Registered Office : |
Office No. 1801, 18th Floor The Affaires, Plot No. 9,
Sector 17, Palm Beach Road, Sanpada, Navi
Mumbai – 400705, Maharashtra, India |
|
Tel. No.: |
91-22-27813100/ 38 |
|
Mobile No.: |
91-8380022169 (Mr. Amit) |
|
Fax No.: |
91 22-2781 5207 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Unit 1 : |
Plot No. 353 and 367, Sector – 4, Kandla Special Economic Zone, Gandhidham,
Kutch – 370230, Gujarat, India |
|
Tel. No.: |
91-2836-253318/ 19 |
|
Fax No.: |
91-2836-253317 |
|
E-Mail : |
|
|
|
|
|
Unit 2 : |
Plot No. 39/1 and 39/2, MIDC Industrial Area, Dhatav, Roha,
Raigad – 402109, Maharashtra, India |
|
Tel. No.: |
91-2194-264492 |
|
Fax No.: |
91-2194-263394 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Dilip Kumar Sundarlal Gadia |
|
Designation : |
Director |
|
Address : |
236, Ashok Nagar Road, No. 16, Udaipur – 313703, Rajasthan, India |
|
Date of Birth/Age : |
08.04.1956 |
|
Date of Appointment : |
01.12.2005 |
|
PAN No.: |
AAQPG7419M |
|
DIN No.: |
00484431 |
|
|
|
|
Name : |
Mr. Tarun Subhash Anand |
|
Designation : |
Additional Director |
|
Address : |
603, Maruti Mount View, Floor-6, Sector-8B, Above Apna Bazar, CBD Belapur, Navi Mumbai-400614, Maharashtra, India |
|
Date of Appointment : |
29.06.2016 |
|
DIN No.: |
02289395 |
KEY EXECUTIVES
|
Name : |
Ms. Monika Chaitanya Bhai Malukani |
|
Designation : |
Company Secretary |
|
Address : |
A1/1402, Nandan Prospera Apartment, Near D Mart, Baner Road, Balewadi, Pune- 411045, Maharashtra, India |
|
Date of Appointment : |
01.01.2017 |
|
PAN No.: |
ALRPN8709M |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Dilip Kumar Gadia |
5000 |
0.06 |
|
Ajit Singh Rathore |
103750 |
1.32 |
|
Narseen Yusuf Dhanani |
629440 |
8.01 |
|
Sana Yusuf Dhanani |
805691 |
10.25 |
|
Sana Hospitality Services Private Limited, India |
2200641 |
28.00 |
|
Abdul Gani Sarfaraz Yusuf Dhanani |
274327 |
3.49 |
|
Blue Deebaj Chemicals LLC, UAE |
3841652 |
48.87 |
|
|
|
|
|
Total |
7860501 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.12.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
1.38 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Non-resident Indian (NRI) |
21.75 |
|
Public/Other than promoters – Body corporate |
28.00 |
|
Public/Other than promoters- Others |
48.87 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in to carry on the business of Manufacturers, Import, Export and resale of fertilizers, Chemicals and Agrochem. [Registered Activity and also Confirmed by management] |
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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
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Sundaram Seshan and Associates Chartered Accountants |
|
Address : |
305 Vardhaman Chambers, Sector 17 Vashi, Navi Mumbai – 400706, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABPFS0747L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
|
|
|
|
|
Subsidiary Company
: |
Creative Free Trade Warehousing Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
INR 10/- each |
INR 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7860501 |
Equity Shares |
INR 10/- each |
INR 78.605 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
78.605 |
78.605 |
78.605 |
|
(b) Reserves &
Surplus |
1822.789 |
1738.243 |
1602.671 |
|
(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) |
1901.394 |
1816.848 |
1681.276 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
153.418 |
91.159 |
32.463 |
|
(b) Deferred tax
liabilities (Net) |
102.364 |
101.625 |
32.926 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
38.123 |
23.565 |
9.845 |
|
Total Non-current
Liabilities (3) |
293.905 |
216.349 |
75.234 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
299.952 |
911.192 |
457.920 |
|
(b) Trade payables |
1513.088 |
1003.627 |
804.741 |
|
(c) Other current
liabilities |
36.523 |
75.508 |
27.751 |
|
(d) Short-term provisions |
117.040 |
75.561 |
67.482 |
|
Total Current Liabilities
(4) |
1966.603 |
2065.888 |
1357.894 |
|
|
|
|
|
|
TOTAL |
4161.902 |
4099.085 |
3114.404 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
785.985 |
840.502 |
866.361 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
264.859 |
185.380 |
41.028 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
97.399 |
77.399 |
77.399 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
37.929 |
52.730 |
58.550 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1186.172 |
1156.011 |
1043.338 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
778.453 |
995.626 |
578.330 |
|
(c) Trade receivables |
1435.363 |
1333.533 |
906.505 |
|
(d) Cash and cash
equivalents |
205.320 |
142.472 |
191.004 |
|
(e) Short-term loans and
advances |
513.331 |
441.875 |
334.718 |
|
(f) Other current assets |
43.263 |
29.568 |
60.509 |
|
Total Current Assets |
2975.730 |
2943.074 |
2071.066 |
|
|
|
|
|
|
TOTAL |
4161.902 |
4099.085 |
3114.404 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5294.996 |
4424.639 |
3884.507 |
|
|
|
Other Income |
97.493 |
67.957 |
32.893 |
|
|
|
TOTAL |
5392.489 |
4492.596 |
3917.400 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2565.836 |
1909.716 |
1524.090 |
|
|
|
Purchases of Stock-in-Trade |
1359.052 |
1428.748 |
1222.890 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1.315) |
(93.465) |
118.564 |
|
|
|
Employees benefits expense |
139.461 |
113.896 |
72.851 |
|
|
|
Other expenses |
925.945 |
682.831 |
590.952 |
|
|
|
Exceptional Items |
3.542 |
0.000 |
0.000 |
|
|
|
TOTAL |
4992.521 |
4041.726 |
3529.347 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
399.968 |
450.870 |
388.053 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
208.916 |
143.608 |
113.865 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
191.052 |
307.262 |
274.188 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
64.581 |
65.174 |
49.106 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
126.471 |
242.088 |
225.082 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
42.024 |
131.997 |
13.804 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
84.447 |
110.091 |
211.278 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1258.709 |
1123.137 |
911.859 |
|
|
|
|
|
|
|
|
|
Less |
Prior Period Tax |
(0.099) |
(25.481) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1343.255 |
1258.709 |
1123.137 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
10.74 |
14.01 |
26.88 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
930.192 |
(270.246) |
95.945 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Operating Income * 365 Days) |
1309.87 |
1079.56 |
852.65 |
|
|
|
|
|
|
Account Receivables Turnover (Operating Income / Sundry Debtors) |
0.28 |
0.34 |
0.43 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
140.71 |
109.73 |
106.93 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.51 |
0.45 |
0.67 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.38 |
0.44 |
0.43 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.51 |
0.53 |
0.45 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.24 |
0.55 |
0.29 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.03 |
1.14 |
0.81 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.55 |
0.56 |
0.54 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.91 |
3.14 |
3.41 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.59 |
2.49 |
5.44 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.03 |
2.69 |
6.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.44 |
6.06 |
12.57 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.51 |
1.42 |
1.53 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.12 |
0.94 |
1.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.46 |
0.44 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.77 |
12.75 |
6.24 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.51 |
1.42 |
1.53 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
78.605 |
78.605 |
78.605 |
|
Reserves & Surplus |
1602.671 |
1738.243 |
1822.789 |
|
Net worth |
1681.276 |
1816.848 |
1901.394 |
|
|
|
|
|
|
long-term borrowings |
32.463 |
91.159 |
153.418 |
|
Short term borrowings |
457.920 |
911.192 |
299.952 |
|
Total borrowings |
490.383 |
1002.351 |
453.370 |
|
Debt/Equity ratio |
0.292 |
0.552 |
0.238 |
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 |
3884.507 |
4424.639 |
5294.996 |
|
|
|
13.905 |
19.671 |
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 |
3884.507 |
4424.639 |
5294.996 |
|
Profit |
211.278 |
110.091 |
84.447 |
|
|
5.44% |
2.49% |
1.59% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
78.605 |
78.605 |
|
(b) Reserves &
Surplus |
|
1847.234 |
1763.954 |
|
(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) |
|
1925.839 |
1842.559 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
232.063 |
110.697 |
|
(b) Deferred tax
liabilities (Net) |
|
106.146 |
102.166 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
38.124 |
23.566 |
|
Total Non-current
Liabilities (3) |
|
376.333 |
236.429 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
299.952 |
911.192 |
|
(b) Trade payables |
|
1519.711 |
1019.232 |
|
(c) Other current
liabilities |
|
38.573 |
66.638 |
|
(d) Short-term provisions |
|
117.626 |
81.389 |
|
Total Current Liabilities
(4) |
|
1975.862 |
2078.451 |
|
|
|
|
|
|
TOTAL |
|
4278.034 |
4157.439 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
902.016 |
954.368 |
|
(ii) Intangible Assets |
|
15.135 |
15.135 |
|
(iii) Capital work-in-progress |
|
264.885 |
186.656 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
57.399 |
57.399 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
39.302 |
54.146 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
1278.737 |
1267.704 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
778.453 |
995.626 |
|
(c) Trade receivables |
|
1495.747 |
1390.767 |
|
(d) Cash and cash
equivalents |
|
215.299 |
142.535 |
|
(e) Short-term loans and
advances |
|
466.534 |
329.159 |
|
(f) Other current assets |
|
43.264 |
31.648 |
|
Total Current Assets |
|
2999.297 |
2889.735 |
|
|
|
|
|
|
TOTAL |
|
4278.034 |
4157.439 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
Income |
|
5359.304 |
4500.208 |
|
|
Other Income |
|
83.988 |
62.204 |
|
|
TOTAL |
|
5443.292 |
4562.412 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
2565.836 |
1909.716 |
|
|
Purchases of Stock-in-Trade |
|
1359.052 |
1416.335 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(1.315) |
(93.465) |
|
|
Employees benefits expense |
|
140.697 |
113.896 |
|
|
CSR Expenditure |
|
4.585 |
0.000 |
|
|
Other expenses |
|
952.014 |
727.660 |
|
|
Exceptional Items |
|
3.542 |
0.000 |
|
|
TOTAL |
|
5024.411 |
4074.142 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
418.881 |
488.270 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
213.455 |
150.533 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
205.426 |
337.737 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
76.641 |
70.230 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
128.785 |
267.507 |
|
|
|
|
|
|
|
Less |
TAX (H) |
|
45.603 |
132.367 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
|
83.182 |
135.140 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
-- |
17.00 |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
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 |
CORPORATE
INFORMATION
Subject is a private company incorporated under the provisions of Companies Act, 1956 on 27th September, 2004 having registered office in Navi Mumbai. The Company was incorporated with main object to carry on the business of Manufacturers, Import, Export and resale of fertilizers, Chemicals and Agrochem.
STATE OF COMPANYS
AFFAIRS :
The Management of the Company continued with the core business activities of the Company. There is no change in the nature of business of the Company. The Directors further report that post completion of the year, the Company has filed an application with the Honable High Court of Judicature at Bombay for merger of the Company with M/s. Trans Agro India Private Limited. on 10th August 2016. The petition is under consideration and is due for final hearing.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
LONG TERM
BORROWING |
|
|
|
Other loans and advances |
24.293 |
87.278 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Rupee term loans from banks |
2.085 |
50.079 |
|
|
|
|
|
Total |
26.378 |
137.357 |
INDEX OF CHARGE:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C81638876 |
10625797 |
Axis Bank Limited |
17/02/2016 |
- |
- |
270000000.0 |
Trishul 3rd Floor Opp Samartheshwar Temple, Lawgarden Ellis Bridge Ahmedabad Gujarat 380006 India |
|
2 |
C58921321 |
10579941 |
Axis Bank Limited |
06/05/2015 |
- |
- |
350000000.0 |
Trishul 3rd Floor Opp Samartheshwar Temple, Lawgarden Ellis Bridge Ahmedabad Gujarat 380006 India |
|
3 |
G08293797 |
10536073 |
State Bank of India |
17/09/2014 |
23/02/2016 |
- |
1670000000.0 |
Commercial Branch, Ngn Vaidya Margnear Horniman Cirlce, Fortmumbaimh400001in |
|
4 |
C26168393 |
10524152 |
State Bank of India |
12/09/2014 |
- |
- |
1150000000.0 |
Commercial Branch, Ngn Vaidya Margnear Horniman Cirlce, Fort Mumbai 400001 India |
|
5 |
G07363120 |
10519720 |
State Bank of India |
05/07/2014 |
17/02/2016 |
- |
1400000000.0 |
Commercial Branch, Ngn Vaidya Margnear Horniman Cirlce, Fort Mumbai Maharashtra 400001 India |
|
6 |
C04146759 |
10493393 |
IDBI Bank Limited |
25/03/2014 |
- |
- |
500000000.0 |
Plot No. C-7, G Block, Bkcopp. To Nse Bldg, Bandra East Mumbai 400051 India |
|
7 |
A83639575 |
10195615 |
STATE BANK OF INDIA |
09/01/2010 |
31/03/2010 |
- |
1150000000.0 |
Commercial Branch, Ngn Vaidya Marg, Near Horniman Circle, Mumbai 400001 India |
|
8 |
B93546653 |
10153103 |
Axis Bank Limited |
20/03/2009 |
- |
10/12/2013 |
500000000.0 |
84 Vardhaman Chambers, Sector 17,Vashinavi Mumbai 400705 India |
FIXED ASSETS:
- Land
- Buildings
- Plant and equipment
- Factory equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipment
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 65.04 |
|
|
1 |
INR 90.51 |
|
Euro |
1 |
INR 79.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYO |
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.