|
|
|
MIRA INFORM REPORT
|
Report No. : |
498468 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MONGINIS FOODS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-59/60, Veera Desai Industrial Estate, Off New Link Road, Andheri (West), Mumbai 400053, Maharashtra |
|
Tel. No.: |
91-22-40786700 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
02.06.1989 |
|
|
|
|
Com. Reg. No.: |
11-052026 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 2.045 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15140MH1989PTC052026 |
|
|
|
|
GST No.: [Goods & Service Tax
Registration No.] |
27AAACM5120A1Z7 |
|
|
|
|
TIN No.: |
27460268385 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM5120A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of various Bakery Products. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 2059900 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1989. It is a manufacturer of cakes, pastries, packaged good and other baked products. The chain sells both Indian and Western savouries, including samosas, puffs, cutlets and doughnuts. Apart from these, snack foods and breads are also sold at Monginis shops. Monginis has a product line for diabetics, and offers themed products during festivals. The company has more than 700 outlets, on an average 1,40,000 customers visit Monginis cake shop daily across the country and its packaged cakes products are available across 10,00,000 outlets nationally with a sizeable presence in mall, super markets and on railway stations. As per the financial records of 2017, the company has achieved 4.70% growth in its revenue as compared to the previous year’s revenue and has reported an average net profit margin of 5.33%. Rating takes into consideration the company’s long established track records along with healthy financial position marked by sound net worth base and comfortable liquidity parameters. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
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
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-22-40786700]
[91-22-40786786] NOT WORKING
LOCATIONS
|
Registered Office : |
B-59/60, Veera Desai Industrial Estate, Off New Link Road, Andheri (West), Mumbai 400053, Maharashtra, India |
|
Tel. No.: |
91-22-40786700 |
|
Fax No.: |
91-22-40786795 |
|
E-Mail : |
|
|
Website : |
|
|
|
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|
Manufacturing Units : |
Located at: · Ahmedabad · Aurangabad · Baroda · Bhubaneshwar · Goa · Kolhapur · Mumbai · Rajkot · Palanpur · Pune · Surat · Thane |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Zoher Huseni Khorakiwala |
|||||||||
|
Designation : |
Managing Director |
|||||||||
|
Address : |
2203, Lady Ratan Towers, Off E. Moses Road, Worli, Mumbai 400018, Maharashtra, India |
|||||||||
|
Date of Birth/Age : |
08.01.1952 |
|||||||||
|
Qualification : |
B. Com |
|||||||||
|
Date of Appointment : |
29.09.2000 |
|||||||||
|
PAN No.: |
AACPK8185C |
|||||||||
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DIN No.: |
00293414 |
|||||||||
|
Other Directorship :
|
||||||||||
|
|
|
|||||||||
|
Name : |
Mr. Kumail Huseni Khorakiwala |
|||||||||
|
Designation : |
Director |
|||||||||
|
Address : |
19, Konark Empress, Next To Geeta Cinema, Worli Naka, Worli, Mumbai 400018, Maharashtra, India |
|||||||||
|
Date of Birth/Age : |
06.10.1959 |
|||||||||
|
Qualification : |
MS Food Technology USA |
|||||||||
|
Date of Appointment : |
29.09.2000 |
|||||||||
|
PAN No.: |
AABPK3301M |
|||||||||
|
DIN No.: |
00494953 |
|||||||||
|
|
|
|||||||||
|
Name : |
Mr. Adnan Idris Khorakiwala |
|||||||||
|
Designation : |
Director |
|||||||||
|
Address : |
1803, Lady Ratan Towers, Off. E. Moses Road, Worli, Mumbai 400018, Maharashtra,
India |
|||||||||
|
Date of Birth/Age : |
20.11.1979 |
|||||||||
|
Qualification : |
MS Food Technology USA |
|||||||||
|
Date of Appointment : |
02.06.2016 |
|||||||||
|
PAN No.: |
ANRPK4016E |
|||||||||
|
DIN No.: |
00509978 |
|||||||||
|
|
|
|||||||||
|
Name : |
Mr. Quresh Khorakiwala |
|||||||||
|
Designation : |
Director |
|||||||||
|
Address : |
1802, Lady Ratan Towers, Off. E. Moses Road, Worli, Mumbai 400018,
Maharashtra, India |
|||||||||
|
Date of Birth/Age : |
19.05.1957 |
|||||||||
|
Qualification : |
B.Com |
|||||||||
|
Date of Appointment : |
29.09.2001 |
|||||||||
|
PAN No.: |
AACPK1808J |
|||||||||
|
DIN No.: |
00510262 |
|||||||||
|
|
|
|||||||||
|
Name : |
Mr. Idris Khorakiwala |
|||||||||
|
Designation : |
Director |
|||||||||
|
Address : |
1803, Lady Ratan Towers, Off. E. Moses Road, Worli, Mumbai 400018,
Maharashtra, India |
|||||||||
|
Date of Birth/Age : |
2210.1955 |
|||||||||
|
Qualification : |
B.Com |
|||||||||
|
Date of Appointment : |
29.09.2001 |
|||||||||
|
PAN No.: |
AACPK1807H |
|||||||||
|
DIN No.: |
00516410 |
|||||||||
|
|
|
|||||||||
|
Name : |
Mr. Qusai Zoher Khorakiwala |
|||||||||
|
Designation : |
Director |
|||||||||
|
Address : |
2203A, Lady Ratan Tower, Off Dr. E Moses Road, Near Nehru Sc Centre,
Gandhi Nagar, Worli Mumbai 400018, Maharashtra, India |
|||||||||
|
Date of Birth/Age : |
06.10.1982 |
|||||||||
|
Qualification : |
B.Com |
|||||||||
|
Date of Appointment : |
01.05.2011 |
|||||||||
|
PAN No.: |
ANVPK2899R |
|||||||||
|
DIN No.: |
03526443 |
|||||||||
|
|
|
|||||||||
|
Name : |
Mr. Aliasger Kumail Khorakiwala |
|||||||||
|
Designation : |
Director |
|||||||||
|
Address : |
19, Konark Empress, Dr. E Moses Road, Worli Naka, Mumbai 400018,
Maharashtra, India |
|||||||||
|
Date of Birth/Age : |
22.09.1989 |
|||||||||
|
Qualification : |
PHD (Islamic Literature) |
|||||||||
|
Date of Appointment : |
10.10.2013 |
|||||||||
|
PAN No.: |
BCWPK5198Q |
|||||||||
|
DIN No.: |
06711079 |
|||||||||
|
|
|
|||||||||
|
Name : |
Mr. Ebrahim Zoher Khorakiwala |
|||||||||
|
Designation : |
Director |
|||||||||
|
Address : |
2203-A, Lady Ratan Tower, Off Dr E. Moses Road, Worli, Mumbai 400018,
Maharashtra, India |
|||||||||
|
Date of Birth/Age : |
12.05.1990 |
|||||||||
|
Qualification : |
MS Food Technology USA |
|||||||||
|
Date of Appointment : |
13.06.2016 |
|||||||||
|
PAN No.: |
BRMPK5346P |
|||||||||
|
DIN No.: |
07542066 |
|||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Zoher Huseni Khorakiwala |
|
1100 |
|
Qusai Zoher Khorakiwala |
|
2006 |
|
Ebrahim Zoher Khorakiwala |
|
2007 |
|
Kumail Huseni Khorakiwala |
|
1100 |
|
Aliasger Kumail Khorakiwala |
|
4013 |
|
Quresh Khorakiwala |
|
1100 |
|
Murtaza Q. Khorakiwala |
|
4012 |
|
Idris Khorakiwala |
|
1100 |
|
Adnan Idris Khorakiwala |
|
2006 |
|
Ubai I. Khorakiwala |
|
2006 |
|
|
|
|
|
Total |
|
20450 |
AS ON 18.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
69.62 |
|
Promoters – Individual/ Hindu Undivided Family – Non-resident Indian [NRI] |
30.38 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of various Bakery Products. [Registered Activity] |
||||
|
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|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
“MONGINIS” |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shweta Jain and Company Chartered Accountants |
|
Address : |
G/007, Om Sai Enclave, Near Gracious School, Poonam Sagar Complex, District Thane Mira Road-East, Mira Road 401107, Maharashtra, India |
|
PAN No.: |
ACFFS1681N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
Delicia Foods |
|
|
|
|
Subsidiary Company : |
Monginis Foods, Egypt |
|
|
|
|
Other Related Party : |
Sugra Shaikh HF Trust |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
INR 100/- each |
INR 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20450 |
Equity Shares |
INR 100/- each |
INR 2.045
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.045 |
2.045 |
2.045 |
|
(b) Reserves and Surplus |
718.921 |
642.211 |
544.127 |
|
(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) |
720.966 |
644.256 |
546.172 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
49.367 |
40.211 |
37.120 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
49.367 |
40.211 |
37.120 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
52.279 |
39.824 |
33.358 |
|
(c) Other
current liabilities |
26.809 |
15.840 |
14.328 |
|
(d) Short-term
provisions |
170.090 |
129.677 |
149.454 |
|
Total Current
Liabilities (4) |
249.178 |
185.341 |
197.140 |
|
|
|
|
|
|
TOTAL |
1019.511 |
869.808 |
780.432 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
441.371 |
166.123 |
90.204 |
|
(ii)
Intangible Assets |
38.556 |
36.373 |
7.804 |
|
(iii) Tangible assets
capital work-in-progress |
116.827 |
143.800 |
144.534 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10.460 |
10.460 |
10.460 |
|
(c) Deferred tax assets (net) |
8.717 |
9.011 |
10.578 |
|
(d)
Long-term loans and advances |
2.201 |
2.150 |
1.817 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
618.132 |
367.917 |
265.397 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
71.965 |
80.978 |
63.788 |
|
(c) Trade
receivables |
42.290 |
29.308 |
35.522 |
|
(d) Cash and
bank balances |
41.170 |
209.307 |
225.236 |
|
(e) Short-term
loans and advances |
204.708 |
157.687 |
138.602 |
|
(f) Other
current assets |
41.246 |
24.611 |
51.887 |
|
Total
Current Assets |
401.379 |
501.891 |
515.035 |
|
|
|
|
|
|
TOTAL |
1019.511 |
869.808 |
780.432 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1439.299 |
1374.746 |
1374.133 |
|
|
Other Income |
13.181 |
2.924 |
7.990 |
|
|
TOTAL |
1452.480 |
1377.670 |
1382.123 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
603.451 |
592.134 |
607.245 |
|
|
Purchases of
Stock-in-Trade |
63.132 |
54.005 |
57.512 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.463 |
(2.356) |
0.469 |
|
|
Employee benefit expense |
189.444 |
188.179 |
160.745 |
|
|
CSR expenditure |
0.924 |
0.000 |
0.000 |
|
|
Other expenses |
457.335 |
368.137 |
352.050 |
|
|
Exceptional items |
(9.628) |
(0.040) |
0.000 |
|
|
TOTAL |
1305.121 |
1200.059 |
1178.021 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
147.359 |
177.611 |
204.102 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
147.359 |
177.611 |
204.102 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
36.150 |
28.126 |
30.071 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
111.209 |
149.485 |
174.031 |
|
|
|
|
|
|
|
Less |
TAX |
34.500 |
51.400 |
58.660 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
76.709 |
98.085 |
115.371 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Exports Earnings |
2.158 |
0.000 |
0.650 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3751.05 |
4796.33 |
5437.21 |
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 |
|
|
|
|
|
|
Cash generated from operations |
131.406 |
153.377 |
184.981 |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
96.906 |
90.537 |
122.141 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
10.72 |
7.78 |
9.44 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
34.03 |
46.91 |
38.68 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
28.63 |
22.50 |
18.32 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.05 |
2.19 |
3.20 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.25 |
0.51 |
0.84 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.29 |
0.26 |
0.30 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.07 |
0.06 |
0.07 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.35 |
0.29 |
0.36 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.83 |
0.54 |
0.44 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.33 |
7.13 |
8.40 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.52 |
11.28 |
14.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.64 |
15.22 |
21.12 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.61 |
2.71 |
2.61 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.32 |
2.27 |
2.29 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.71 |
0.74 |
0.70 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
24.14 |
19.66 |
18.15 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.61 |
2.71 |
2.61 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
2.045 |
2.045 |
2.045 |
|
Reserves & Surplus |
544.127 |
642.211 |
718.921 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
546.172 |
644.256 |
720.966 |
|
|
|
|
|
|
Long-term borrowings |
37.120 |
40.211 |
49.367 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
37.120 |
40.211 |
49.367 |
|
Debt/Equity
ratio |
0.068 |
0.062 |
0.068 |
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 |
1374.133 |
1374.746 |
1439.299 |
|
|
|
0.045 |
4.696 |
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 |
1374.133 |
1374.746 |
1439.299 |
|
Profit/ (Loss) |
115.371 |
98.085 |
76.709 |
|
|
8.09
% |
7.13
% |
5.33
% |
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 |
No |
|
21 |
Banking facility details |
No |
|
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 |
INDEX OF CHARGES: NO CHARGES
EXISTS FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits from shareholders |
49.367 |
40.211 |
|
|
|
|
|
Total |
49.367 |
40.211 |
COMPANY OVERVIEW:
Subject is incorporated under The Companies Act, 1956 on June 2nd, 1989 with object to involve in the Food Processing Industry mainly Manufacturing and Trading of various Bakery Products.
BRIEF DESCRIPTION OF THE COMPANY’S WORKING
DURING THE YEAR/STATE OF COMPANY’S AFFAIR:
During the year, the Company’s revenue from Operations has increased from INR 1374.746 Million to INR 1439.299 Million in current year. Management is taking continuous efforts to increase the revenue in upcoming years.
FIXED ASSETS:
·
Buildings
·
Office building
·
Plant and equipment
·
Factory equipments
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.22 |
|
UK Pound |
1 |
INR 91.33 |
|
Euro |
1 |
INR 79.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.