|
|
|
MIRA INFORM REPORT
|
Report No. : |
498928 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
HEURTEY PETROCHEM INDIA PRIVATE LIMITED (w.e.f. 10.03.2008) |
|
|
|
|
Formerly Known
As : |
HEURTEY PETROCHEM EQUIPMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-301, Boomerang, Main Chandivali Farm Road, Near Chandivali Studio,
Andheri (East), Mumbai – 400072, Maharashtra |
|
Tel. No.: |
91-22-67740000 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
31.08.2004 |
|
|
|
|
Com. Reg. No.: |
11-178577 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 90.257 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24111MH2004PTC178577 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0204030315 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCH5055Q |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
Providing engineering, project management, fabrication and construction management of fired heaters and reformers. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 910000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Heurtey Petrochem India Private Limited is a wholly owned subsidiary of Heurtey Petrochem SA, France and was incorporated in the year 2004. The company is engaged in the business of engineering, procurement and commissioning (EPC) service specialized in the design and fabrication of furnaces for refining, petrochemicals and hydrogen industries. As per the financial records of 2017, the company has achieved a satisfactory growth of 34.73% in its revenue as compared to the previous year’s revenue and has gained an average net profitability margin of 4.01%. Rating takes into consideration the company’s established track record of business operation backed by healthy networth position along with strong debt coverage indicator due to low debt balance sheet profile and acceptable liquidity position. Rating also takes into consideration the strength that the company derives from its holding company and its experienced management team. Business is active. Payment seems to be usually correct. In view of the aforesaid company can be considered normal for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
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 22.03.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly available
IBBI (Insolvency and Bankruptcy Board of India) list as of report date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (91-22-67740000
/ 67740064)
LOCATIONS
|
Registered Office : |
A-301, Boomerang, Main Chandivali Farm Road, Near Chandivali Studio,
Andheri (East), Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-67740040 / 67740222 / 67740000 |
|
Fax No.: |
91-22-67740099 |
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E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mrs. Meenakshi Sundaram Suresh |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
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Address : |
2202, Meridian Hiranandani Meadows Gladys Alwares Road, Thane –
400610, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
03.06.1965 |
||||||||||||||||
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Qualification : |
Graduate |
||||||||||||||||
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Date of Appointment : |
28.11.2007 |
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PAN No.: |
ALIPS8719F |
||||||||||||||||
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DIN No.: |
02080773 |
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Other
Directorship.:
|
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|
||||||||||||||||
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Name : |
Mrs. Prachi Laxman Sadekar |
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Designation : |
Wholetime Director |
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Address : |
D-513, Sungrace Co-Opposite Housing Society, Raheja Vihar, Chandivali
Farm Road, Andheri (East) Mumbai - 400072, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
27.06.1974 |
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Qualification : |
Graduate |
||||||||||||||||
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Date of Appointment : |
26.07.2010 |
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|
PAN No.: |
AEGPS7664Q |
||||||||||||||||
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DIN No.: |
02955811 |
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Other
Directorship.:
|
|||||||||||||||||
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|
||||||||||||||||
|
Name : |
Mr. Jacques Baptiste Moulin |
||||||||||||||||
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Designation : |
Director |
||||||||||||||||
|
Address : |
47 Bis Ruede Moret 77810 Thomery 77810 France |
||||||||||||||||
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Date of Birth/Age : |
13.11.1962 |
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Date of Appointment : |
26.07.2010 |
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DIN No.: |
02978651 |
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|
||||||||||||||||
|
Name : |
Mr. Gregory Jean Matouskoff |
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Designation : |
Director |
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|
Address : |
16 Rue Chanzy Viroflay 78220 France |
||||||||||||||||
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Date of Birth/Age : |
24.11.1956 |
||||||||||||||||
|
Date of Appointment : |
26.07.2010 |
||||||||||||||||
|
DIN No.: |
03099395 |
||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Heurtey Petrochem SA, France |
9025709 |
|
Suresh Meenakshi Sundaram Jointly with Heurtey Petrochem SA, France |
1 |
|
|
|
|
Total |
9025710 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing engineering, project management, fabrication and construction management of fired heaters and reformers. (Registered Activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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||||||
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Exports : |
Not Divulged |
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|
|
||||||
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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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Price Waterhouse LLP Chartered Accountants |
|
Address : |
Nesco IT Building III, Nesco Complex Gate No. 3, Western Express Highway, Goregaon East, Mumbai, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFP3698A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Holding Company: |
|
|
|
|
|
Fellow subsidiaries: |
|
|
|
|
|
Associate: |
U00892PN2006PTC128381 |
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|
|
|
Employees’ benefit plans where there is significant influence: |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9100000 |
Equity Shares |
INR 10/- each |
INR 91.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9025710 |
Equity Shares |
INR 10/- each |
INR 90.257 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET – (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
90.257 |
90.257 |
44.721 |
|
(b) Reserves and Surplus |
228.898 |
132.382 |
46.927 |
|
(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) |
319.155 |
222.639 |
91.648 |
|
|
|
|
|
|
(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 |
10.142 |
6.615 |
0.000 |
|
Total Non-current
Liabilities (3) |
10.142 |
6.615 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
120.000 |
365.000 |
317.500 |
|
(b) Trade
payables |
648.646 |
523.863 |
422.837 |
|
(c) Other current
liabilities |
1140.364 |
535.316 |
186.411 |
|
(d) Short-term
provisions |
6.183 |
1.283 |
0.000 |
|
Total Current
Liabilities (4) |
1915.193 |
1425.462 |
926.748 |
|
|
|
|
|
|
TOTAL |
2244.490 |
1654.716 |
1018.396 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
342.340 |
320.901 |
70.522 |
|
(ii)
Intangible Assets |
9.092 |
13.439 |
16.884 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.480 |
3.480 |
5.842 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
73.484 |
66.706 |
47.965 |
|
(e) Other Non-current
assets |
113.178 |
157.664 |
2.764 |
|
Total Non-Current
Assets |
541.574 |
562.190 |
143.977 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
538.832 |
329.099 |
364.034 |
|
(d) Cash and
bank balances |
6.351 |
2.979 |
5.005 |
|
(e)
Short-term loans and advances |
390.684 |
143.681 |
103.362 |
|
(f) Other
current assets |
767.049 |
616.767 |
402.018 |
|
Total
Current Assets |
1702.916 |
1092.526 |
874.419 |
|
|
|
|
|
|
TOTAL |
2244.490 |
1654.716 |
1018.396 |
PROFIT
& LOSS ACCOUNT – (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2404.215 |
1784.483 |
1551.440 |
|
|
Other Income |
35.011 |
14.812 |
12.958 |
|
|
TOTAL |
2439.226 |
1799.295 |
1564.398 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1595.536 |
1341.948 |
1074.689 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
45.664 |
|
|
Employee benefit expense |
305.033 |
292.884 |
265.299 |
|
|
Other expenses |
359.408 |
206.523 |
259.870 |
|
|
TOTAL |
2259.977 |
1841.355 |
1645.522 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
179.249 |
(42.060) |
(81.124) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
55.887 |
56.515 |
52.489 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
123.362 |
(98.575) |
(133.613) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
26.846 |
25.434 |
26.230 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
96.516 |
(124.009) |
(159.843) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
96.516 |
(124.009) |
(159.843) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
415.727 |
206.577 |
99.953 |
|
|
TOTAL EARNINGS |
415.727 |
206.577 |
99.953 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
116.432 |
219.494 |
252.005 |
|
|
Components and spare
parts |
0.000 |
0.000 |
45.664 |
|
|
Capital Goods |
0.000 |
0.000 |
5.198 |
|
|
TOTAL IMPORTS |
116.432 |
219.494 |
302.867 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
10.69 |
(13.74) |
(17.71) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
349.892 |
42.546 |
(71.410) |
|
Net cash flows from (used in) operating activities |
347.277 |
23.198 |
(78.248) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
81.80 |
67.31 |
85.64 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
4.46 |
5.42 |
4.26 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
148.39 |
142.49 |
137.76 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.51 |
(0.13) |
(0.93) |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.85 |
0.86 |
0.91 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.38 |
1.64 |
3.46 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
6.00 |
6.40 |
10.11 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.10 |
1.50 |
0.95 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
3.21 |
(0.74) |
(1.55) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
4.01 |
(6.95) |
(10.30) |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
4.30 |
(7.49) |
(15.70) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
30.24 |
(55.70) |
(174.41) |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
0.89 |
0.77 |
0.94 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.89 |
0.77 |
0.94 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.14 |
0.13 |
0.09 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
1.33 |
4.04 |
7.10 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
0.89 |
0.77 |
0.94 |
Total Liability =
Short-term Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
44.721 |
90.257 |
90.257 |
|
Reserves & Surplus |
46.926 |
132.382 |
228.898 |
|
Net
worth |
91.647 |
222.639 |
319.155 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
317.500 |
365.000 |
120.000 |
|
Total
borrowings |
317.500 |
365.000 |
120.000 |
|
Debt/Equity
ratio |
3.464 |
1.639 |
0.376 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1551.440 |
1784.483 |
2404.215 |
|
|
|
15.021 |
34.729 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1551.440 |
1784.483 |
2404.215 |
|
Profit/ (Loss) |
(159.843) |
(124.009) |
96.516 |
|
|
(10.30
%) |
(6.95
%) |
4.01
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
90.257 |
90.257 |
|
(b) Reserves and Surplus |
|
225.751 |
129.004 |
|
(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) |
|
316.008 |
219.261 |
|
|
|
|
|
|
(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 |
|
10.142 |
6.615 |
|
Total Non-current
Liabilities (3) |
|
10.142 |
6.615 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
120.000 |
365.000 |
|
(b) Trade
payables |
|
648.647 |
523.863 |
|
(c) Other
current liabilities |
|
1140.364 |
535.317 |
|
(d) Short-term
provisions |
|
6.183 |
1.283 |
|
Total Current
Liabilities (4) |
|
1915.194 |
1425.463 |
|
|
|
|
|
|
TOTAL |
|
2241.344 |
1651.339 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
342.340 |
320.901 |
|
(ii)
Intangible Assets |
|
9.092 |
13.439 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.333 |
0.103 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
73.484 |
66.706 |
|
(e) Other
Non-current assets |
|
113.178 |
157.664 |
|
Total Non-Current
Assets |
|
538.427 |
558.813 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
538.832 |
329.099 |
|
(d) Cash and
bank balances |
|
6.352 |
2.980 |
|
(e)
Short-term loans and advances |
|
390.684 |
143.681 |
|
(f) Other
current assets |
|
767.049 |
616.766 |
|
Total
Current Assets |
|
1702.917 |
1092.526 |
|
|
|
|
|
|
TOTAL |
|
2241.344 |
1651.339 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
2404.215 |
1784.483 |
|
|
Other Income |
|
35.011 |
14.812 |
|
|
TOTAL |
|
2439.226 |
1799.295 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1595.536 |
1341.948 |
|
|
Employee benefit expense |
|
305.032 |
292.884 |
|
|
CSR expenditure |
|
0.000 |
0.000 |
|
|
Other expenses |
|
359.409 |
204.161 |
|
|
TOTAL |
|
2259.977 |
1838.993 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
179.249 |
(39.698) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
55.887 |
56.515 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
123.362 |
(96.213) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
26.846 |
25.434 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
96.516 |
(121.647) |
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
96.516 |
(121.647) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
10.69 |
(13.48) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
THE STATE OF COMPANY
AFFAIRS:
The Total turnover for the current year is INR 2404.215 million as compared to INR 1784.483 million in the previous year showing a rise of 34.73%. The net profit for the current year is INR 96.516 million as compared to loss in previous year of INR 121.647 million.
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
0.362 |
0.362 |
FIXED ASSETS
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
- Computer software
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 90.56 |
|
Euro |
1 |
INR 79.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KJL |
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.