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MIRA INFORM REPORT
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Report No. : |
499112 |
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Report Date : |
23.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
R.N. LABORATORIES PRIVATE LIMITED (w.e.f. 27.04.2006) |
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Formerly Known
As : |
SKY CHEM PRIVATE LIMITED |
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Registered
Office : |
404, VIP Plaza, Off Link Road, Andheri (West), Mumbai – 400053,
Maharashtra |
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Tel. No.: |
91-22-26736664 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
04.12.1998 |
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Com. Reg. No.: |
11-117339 |
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Capital
Investment / Paid-up Capital : |
INR 0.101 Million |
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CIN No.: [Company Identification
No.] |
U24200MH1998PTC117339 |
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IEC No.: [Import-Export Code No.] |
0398070318 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR20663G |
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PAN No.: [Permanent Account No.] |
AAECS2969P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture, process and deal in all types of chemicals, speciality chemicals compounds, polymers, chemical additives for water treatment, surface coatings, paints, inks, chemical compounds and intermediates, fine chemicals pesticides, agrochemicals, fertilizers, petrochemicals. [Registered activity and also confirmed by management] |
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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)
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MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1998. It is engaged in manufacturer of chemical and chemical
products. Management has denied to provide any information about the subject to
us. As per registrar of companies, the date of balance sheet i.e.
financial is shown as 31st March 2017 but the documents related to
the financials for the year 2015 / 2016 / 2017 are not available from any
sources. As per the available financial records of 2014, the revenue of the
company has increased by 49.59% along with fair profit margin of 34.20%. The overall financial position of the company seems to be satisfactory
marked by sufficient networth base along with negligible debt level. The company has favourable Earning Per Share (EPS) of INR 234170.53
against a Face Value (FV) of INR 100. Rating is constrained on account of absence of latest financials. Payment seems to be unknown. In view of aforesaid, the company can be considered for business dealings
on fully and secured 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term (Suspended)= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
02.12.2016 |
REASON FOR SUSPENSION: Absence of adequate information.
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 23.03.2018
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 (91-22-26736664 / 26736677)
LOCATIONS
|
Registered Office : |
404, VIP Plaza, Off Link Road, Andheri (West), Mumbai – 400053,
Maharashtra, India |
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Tel. No.: |
91-22-26736664/ 26736643/ 26736673/ 26736677 |
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Fax No.: |
91-22-26736643 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Admin Office/ Factory : |
Plot No.1 and 86, 117 and 138, Surat Special Economic Zone, Sachin,
District: Surat – 394230, Gujarat, India
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rohit Shamlal Garg |
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Designation : |
Director |
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Address : |
2B, 1721 Raheja Classique Building, New Link Road, Andheri (West),
Mumbai - 400053, Maharashtra, India |
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Date of Birth/Age : |
01.08.1974 |
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Date of Appointment : |
04.12.1998 |
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DIN No.: |
00700594 |
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Name : |
Mr. Nitin Shamlal Garg |
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Designation : |
Director |
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Address : |
1720/1721, Raheja Classique, New Link Road, Andheri (West), Mumbai –
400053, Maharashtra, India |
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Date of Birth/Age : |
02.02.1978 |
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Date of Appointment : |
04.12.1998 |
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DIN No.: |
02430137 |
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Name : |
Mr. Shamlal Garg |
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Designation : |
Director |
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Address : |
2B/ 12 Sea Palace Society, Juhu Tara Road, Santacruz, Mumbai – 400049,
Maharashtra, India |
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Date of Appointment : |
16.01.2016 |
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DIN No.: |
02887465 |
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Name : |
Mr. Vikram Vyas |
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Designation : |
Director |
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Address : |
A-705, Palatial Height, Chandivali Farm Road, Saki Naka, Mumbai –
400072, Maharashtra, India |
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Date of Birth/Age : |
28.09.1963 |
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Date of Appointment : |
15.12.2016 |
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DIN No.: |
07666723 |
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PAN No.: |
AAMPV6835A |
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Name : |
Mr. Anil Khurana |
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Designation : |
Director |
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Address : |
A-4, 702 Ganga Satellite, Wanwada, Pune – 411040, Maharashtra, India |
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Date of Birth/Age : |
04.12.1961 |
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Date of Appointment : |
15.12.2016 |
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DIN No.: |
07686449 |
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PAN No.: |
AALPK5189P |
MAJOR
SHAREHOLDERS
AS ON 30.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rohit Shamlal Garg |
|
490500 |
|
Nitin Shamlal Garg |
|
490500 |
|
Shamlal Garg |
|
9810 |
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Total |
|
990810 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
100.00 |
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Total |
100.00 |
BUSINESS
DETAILS
|
Line of Business : |
Manufacture, process and deal in all types of chemicals, Speciality chemicals compounds, polymers, chemical additives for water treatment, surface coatings, paints, inks, chemical compounds and intermediates, fine chemicals pesticides, agrochemicals, fertilizers, petrochemicals. [Registered Activity] |
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Products / Services
: |
·
Chemicals ·
Polymers ·
Chemical Additives |
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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 : |
·
ICICI Bank Limited ·
Citi Bank N.A., First International Financial
Centre, 9th Floor, Plot No. C-54 and 55, BKC, Bandra (East), Mumbai – 400051,
Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
R.A. Kuvadia and Company Chartered Accountants |
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Address : |
1/7, Chaitanya Society, Vakola Bridge, Santacruz (East), Mumbai –
400055, Maharashtra, India |
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Tel. No.: |
91-22-26681719 |
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Tele-Fax No.: |
91-22-26680488 |
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E-Mail : |
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PAN
No. : |
AAHPK0055A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
·
R.N. Europe Limited ·
R N Laboratories Africa Limited ·
R N Laboratories, LLC |
CAPITAL
STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 100/- each |
INR 100.000 Million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
990810 |
Equity Shares |
INR 100/- each |
INR 99.081 Million |
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AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
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|
10000 |
Equity Shares |
INR 100/- each |
INR 1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
1010 |
Equity Shares |
INR 100/- each |
INR 0.101 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
0.101 |
0.101 |
0.101 |
|
(b) Reserves &
Surplus |
494.717 |
258.205 |
156.731 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.620 |
|
Total Shareholders’ Funds
(1) + (2) |
494.818 |
258.306 |
157.452 |
|
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
4.763 |
4.999 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
3.218 |
1.797 |
1.380 |
|
(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) |
7.981 |
6.796 |
1.380 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
92.937 |
85.907 |
49.232 |
|
(b) Trade payables |
44.751 |
103.876 |
36.527 |
|
(c) Other current
liabilities |
17.025 |
9.932 |
2.330 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
154.713 |
199.715 |
88.089 |
|
|
|
|
|
|
TOTAL |
657.512 |
464.817 |
246.921 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
293.678 |
144.068 |
110.877 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
25.000 |
25.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
195.467 |
112.178 |
5.394 |
|
(e) Other Non-current
assets |
(22.116) |
(0.583) |
(15.631) |
|
Total Non-Current Assets |
467.029 |
280.663 |
125.640 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
73.358 |
52.531 |
32.072 |
|
(c) Trade receivables |
95.593 |
89.134 |
75.856 |
|
(d) Cash and cash equivalents |
13.106 |
38.188 |
6.574 |
|
(e) Short-term loans and
advances |
8.209 |
4.102 |
6.778 |
|
(f) Other current assets |
0.217 |
0.199 |
0.001 |
|
Total Current Assets |
190.483 |
184.154 |
121.281 |
|
|
|
|
|
|
TOTAL |
657.512 |
464.817 |
246.921 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
691.618 |
462.318 |
340.419 |
|
|
Other Income |
5.453 |
6.822 |
1.532 |
|
|
TOTAL |
697.071 |
469.140 |
341.951 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
262.087 |
288.357 |
120.036 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(16.123) |
(18.544) |
35.622 |
|
|
Employees benefits expense |
28.765 |
23.884 |
11.170 |
|
|
Other expenses |
99.254 |
69.472 |
74.050 |
|
|
TOTAL |
373.983 |
363.169 |
240.878 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
323.088 |
105.971 |
101.073 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
11.124 |
6.889 |
5.772 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
311.964 |
99.082 |
95.301 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
20.168 |
10.986 |
8.416 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
|
291.796 |
88.096 |
86.885 |
|
|
|
|
|
|
|
Less |
TAX |
55.284 |
(13.378) |
16.720 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
236.512 |
101.474 |
70.165 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
234170.53 |
100469.75 |
69470.61 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
6.337 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Average Collection Days (Sundry
Debtors / Operating Income * 365 Days) |
107.99 |
307.01 |
273.94 |
|
|
|
|
|
|
Account Receivables Turnover (Operating Income / Sundry Debtors) |
3.38 |
1.19 |
1.33 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
62.32 |
131.49 |
111.07 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
4.40 |
2.02 |
3.15 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.10 |
0.63 |
0.74 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.24 |
0.45 |
0.36 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.20 |
0.38 |
0.31 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.31 |
0.77 |
0.56 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.59 |
0.65 |
0.86 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
29.04 |
15.38 |
17.51 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
34.20 |
21.95 |
20.61 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
35.97 |
21.83 |
28.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
47.80 |
39.28 |
44.56 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.23 |
0.92 |
1.38 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.76 |
0.66 |
1.01 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.75 |
0.56 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
967.33 |
962.80 |
487.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.23 |
0.92 |
1.38 |
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 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Share Capital |
0.101 |
0.101 |
0.101 |
|
Reserves & Surplus |
156.731 |
258.205 |
494.717 |
|
Share Application money
pending allotment |
0.620 |
0.000 |
0.000 |
|
Net worth |
157.452 |
258.306 |
494.818 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
4.999 |
4.763 |
|
Short term borrowings |
49.232 |
85.907 |
92.937 |
|
Current Maturities of
Long Term Debt |
0.000 |
6.337 |
0.000 |
|
Total borrowings |
49.232 |
97.243 |
97.700 |
|
Debt/Equity ratio |
0.313 |
0.376 |
0.197 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Sales |
340.419 |
462.318 |
691.618 |
|
|
|
35.809 |
49.598 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR In Million) |
(INR In Million) |
(INR In Million) |
|
Sales |
340.419 |
462.318 |
691.618 |
|
Profit/(Loss) |
70.165 |
101.474 |
236.512 |
|
|
20.61% |
21.95% |
34.20% |
LEGAL CASES
|
CITY CIVIL COURT
MUMBAI (CIVIL) Case Details
Case
Type : SUIT Case Status
First Hearing Date : Petitioner and Advocate
1) LCL LOGISTIX INDIA PVT LTD Respondent and Advocate
1) R N LABORATORIES PVT LTD AND 3 ORS Subordinate Court Information
Court
No. and Name: High Court Original Side
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2014 (INR
in Million) |
31.03.2013 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans from Directors |
2.851 |
0.619 |
|
Loans from related parties |
0.620 |
0.620 |
|
Loans from others |
6.921 |
0.000 |
|
|
|
|
|
Total |
10.392 |
1.239 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G68010784 |
100136513 |
CITI BANK N.A. |
28/08/2017 |
- |
- |
20000000.0 |
FIRST INTERNATIONAL FINANCIAL CENTRE, 9TH FLOORPLOT NO. C-54 & 55, BKC, BANDRA (E) MUMBAI MH400051IN |
|
2 |
G68012632 |
10568036 |
CITI BANK N.A. |
30/12/2014 |
28/08/2017 |
- |
240000000.0 |
FIRST INTERNATIONAL FINANCIAL CENTRE, 9TH FLOORPLOT NO. C-54 & 55, BKC, BANDRA (E) MUMBAI MH400051IN |
|
3 |
G49586647 |
100054320 |
FIRSTRAND BANK LIMITED |
14/03/2016 |
- |
26/07/2017 |
60000000.0 |
TCG FINANCIAL CENTRE PLOT NO C 53 G BLOCK BANDRA KURLA COMPLEX MUMBAI MH400051IN |
|
4 |
C39156930 |
10203521 |
BANK OF INDIA |
13/02/2010 |
10/12/2012 |
22/12/2014 |
160000000.0 |
ANDHERI (WEST) BRANCH, BANK OF INDIA BUILDING, GROUND FLOOR, 28, S. V. ROAD, ANDHERI (WEST), MUMBAI MH400058IN |
|
5 |
C39156823 |
10193858 |
BANK OF INDIA |
17/11/2009 |
- |
22/12/2014 |
5000000.0 |
ANDHERI(WEST) BRANCH, 28,SWAMI VIVEKANAND ROAD ANDHRI-WEST MUMBAIMH400058IN |
|
6 |
C39156997 |
10204376 |
BANK OF INDIA |
13/02/2010 |
10/12/2012 |
22/12/2014 |
160000000.0 |
ANDHERI (WEST) BRANCH, BANK OF INDIA BUILDING, GROUND FLOOR, 28, S. V. ROAD, ANDHERI (WEST), MUMBAI MH400058IN |
FIXED ASSETS:
· House Flat
· Land Under lease
· Office Premises
· Building
· Plant and Machinery
· Moulds
· Furniture and Fixtures
· Vehicle
· Office equipment
· Air Conditioner
· Computer
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 65.06 |
|
|
1 |
INR 92.06 |
|
Euro |
1 |
INR 80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.