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|
MIRA INFORM REPORT
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Report No. : |
499835 |
|
Report Date : |
27.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRIMA PRODUCTS PRIVATE LIMITED (w.e.f. 09.04.1999) |
|
|
|
|
Formerly Known
As : |
PRIMA PRODUCTS LIMITED PRIMA PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
No. 1, P.B. No. 5210, Nava India Road, Coimbatore – 641028, Tamilnadu |
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Tel. No.: |
91-422-6677100 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
27.05.1987 |
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Com. Reg. No.: |
18-001972 |
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Capital
Investment / Paid-up Capital : |
INR 0.500 Million |
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CIN No.: [Company Identification
No.] |
U17111TZ1987PTC001972 |
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IEC No.: [Import-Export Code No.] |
Not Available |
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TIN / CST No.: |
33741880466 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCP3030B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of cotton yarn. [Registered
Activity] |
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No. of Employees
: |
Not Available |
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 |
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Maximum Credit Limit : |
USD 2000000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1987. It is a subsidiary of
Sameera Rajendran Investments Private Limited. The company is a manufacturing of cotton yarn. As per the financial records of 2017, the revenue of the company has
increased by 9.96% along with fair net profit margin of 6.56%. The healthy financial position of the company is marked by sound
networth base along with strong debt coverage indicator due to low debt
balance sheet profile and satisfactory liquidity position. Rating takes into consideration the company’s favourable Earnings Per
Share (EPS) of INR 15662.00 as against its Face Value (FV) of INR 100. 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = AA- |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
09.12.2016 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating= A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
09.12.2016 |
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 27.03.2018
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.
LOCATIONS
|
Registered Office : |
No. 1, P.B. No. 5210, Nava India Road, Coimbatore – 641028, Tamilnadu,
India |
|
Tel. No.: |
91-422-6677100 |
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Fax No.: |
91-422-6677188 |
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E-Mail : |
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Factory : |
O/E Division: Naranapuram Village, SPG Division: Panchpalayam Village
– Avinashi Taluk, Coimbatore – 641107, Tamilnadu, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Rangian Jayabal |
|
Designation : |
Director |
|
Address : |
304, Park View Apartment, 31-A, Att Colony, Coimbatore – 641018, Tamilnadu, India |
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Date of Birth/Age : |
19.05.1953 |
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Date of Appointment : |
15.12.2011 |
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DIN No.: |
00003830 |
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|
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Name : |
Mr. Damotharan Rajendran |
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Designation : |
Director |
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Address : |
New No.233 [ Old No.170-A] Tea Estate Compound Race Course, Coimbatore – 641018, Tamilnadu, India |
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Date of Birth/Age : |
17.12.1948 |
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Date of Appointment : |
05.09.2005 |
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DIN No.: |
00003848 |
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|
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Name : |
Mrs. Sheela Rajendran |
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Designation : |
Director |
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Address : |
New No.233 [Old No.170A], Tea Estate Race Course, Coimbatore – 641018, Tamilnadu, India |
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Date of Birth/Age : |
19.06.1959 |
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Date of Appointment : |
27.05.1987 |
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DIN No.: |
00005216 |
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Name : |
Mrs. Sameera Rajendran |
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Designation : |
Director |
|
Address : |
170-A, Tea Estate Race Course, Coimbatore – 641018, Tamilnadu, India |
|
Date of Birth/Age : |
28.12.1980 |
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Qualification : |
B.com |
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Date of Appointment : |
04.08.2006 |
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PAN No.: |
AUUPS8348F |
|
DIN No.: |
01345140 |
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|
|
|
Name : |
Mr. Rohit Rajendran |
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Designation : |
Director |
|
Address : |
No.13, Ward No.18 Nethaji Road, Coimbatore – 641037, Tamilnadu, India |
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Date of Birth/Age : |
04.07.1979 |
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Qualification : |
B.S. in Textiles, MBA |
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Date of Appointment : |
05.09.2005 |
|
PAN No.: |
AEIPR9245N |
|
DIN No.: |
00030631 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sameera Rajendran |
|
2000 |
|
Sameera Rajendran Investments Private Limited, India |
|
3000 |
|
Total |
|
5000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
40.00 |
|
Promoters [Bodies
corporate] |
60.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of cotton yarn. [Registered
Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
M. S. Jagannathan and Viswanathan Chartered Accountants |
|
Address : |
67-A,
P and T Colony, Kavundampalayam, Coimbatore – 641030, Tamilnadu, India |
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PAN No.: |
AAEFM3256C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
· Sameera Rajendran Investments Private Limited [U65993TZ1992PTC003615] |
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Associates : |
· Premier Spg And Wvg Mills Private Limited, India [U17111TZ1945PTC000146] · Coimbatore Polytex Private Limited, India [U17111TZ2003PTC010452] |
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Subsidiary Company : |
Raaviar Textiles Private Limited, India [U17111TZ2004PTC011207] |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
INR 100/- each |
INR 0.500 Million |
|
16000 |
Preference Shares |
INR 100/- each |
INR 1.600 Million |
|
|
|
|
|
|
|
Total |
|
INR 2.100
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
INR 100/- each |
INR 0.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR 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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
714.155 |
635.843 |
575.202 |
|
(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) |
714.655 |
636.343 |
575.702 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
90.879 |
184.432 |
290.993 |
|
(b) Deferred tax liabilities (Net) |
54.639 |
59.744 |
65.307 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
1.006 |
|
Total Non-current
Liabilities (3) |
145.518 |
244.176 |
357.306 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
189.198 |
185.571 |
182.555 |
|
(b) Trade
payables |
54.151 |
55.187 |
61.828 |
|
(c) Other
current liabilities |
26.291 |
94.644 |
94.239 |
|
(d) Short-term
provisions |
3.757 |
0.515 |
3.198 |
|
Total Current
Liabilities (4) |
273.397 |
335.917 |
341.820 |
|
|
|
|
|
|
TOTAL |
1133.570 |
1216.436 |
1274.828 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
540.944 |
583.247 |
611.002 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.635 |
17.104 |
1.714 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.877 |
14.457 |
2.470 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
54.777 |
28.012 |
27.159 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
603.233 |
642.820 |
642.345 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
318.644 |
319.558 |
266.913 |
|
(c) Trade
receivables |
81.827 |
73.219 |
108.018 |
|
(d) Cash
and cash equivalents |
93.210 |
122.353 |
204.546 |
|
(e) Short-term
loans and advances |
21.101 |
33.490 |
31.051 |
|
(f) Other
current assets |
15.555 |
24.996 |
21.955 |
|
Total
Current Assets |
530.337 |
573.616 |
632.483 |
|
|
|
|
|
|
TOTAL |
1133.570 |
1216.436 |
1274.828 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1194.638 |
1086.420 |
1249.835 |
|
|
Other Income |
25.946 |
36.216 |
23.498 |
|
|
TOTAL |
1220.584 |
1122.636 |
1273.333 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
719.233 |
593.901 |
659.321 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
82.573 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(13.631) |
(5.540) |
19.033 |
|
|
Employee benefit expense |
107.857 |
95.049 |
93.924 |
|
|
CSR expenditure |
0.091 |
0.144 |
0.155 |
|
|
Other expenses |
191.250 |
222.549 |
203.707 |
|
|
TOTAL |
1004.800 |
906.103 |
1058.713 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
215.784 |
216.533 |
214.620 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
23.151 |
32.059 |
38.078 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
192.633 |
184.474 |
176.542 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
82.654 |
86.083 |
81.881 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
109.979 |
98.391 |
94.661 |
|
|
|
|
|
|
|
Less |
TAX |
31.667 |
28.150 |
32.049 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
78.312 |
70.241 |
62.612 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
15662.00 |
14048.00 |
12522.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
18.552 |
86.052 |
86.446 |
|
Net cash flows from (used in) operations |
120.757 |
153.545 |
264.439 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activities |
87.227 |
117.149 |
226.577 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
25.00 |
24.60 |
31.55 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
14.60 |
14.84 |
11.57 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
27.48 |
33.92 |
30.42 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.68 |
0.68 |
0.80 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.40 |
0.36 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.34 |
0.50 |
0.56 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.42 |
0.72 |
0.97 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.38 |
0.53 |
0.59 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.76 |
0.94 |
1.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.32 |
6.75 |
5.64 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
6.56 |
6.47 |
5.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.91 |
5.77 |
4.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
10.96 |
11.04 |
10.88 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.94 |
1.71 |
1.85 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.77 |
0.76 |
1.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.63 |
0.52 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
597.26 |
912.11 |
1119.99 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.94 |
1.71 |
1.85 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
575.202 |
635.843 |
714.155 |
|
Net worth |
575.702 |
636.343 |
714.655 |
|
|
|
|
|
|
Long-term borrowings |
290.993 |
184.432 |
90.879 |
|
Short term borrowings |
182.555 |
185.571 |
189.198 |
|
Current maturities of
long-term debts |
86.446 |
86.052 |
18.552 |
|
Total
borrowings |
559.994 |
456.055 |
298.629 |
|
Debt/Equity
ratio |
0.973 |
0.717 |
0.418 |
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 |
1249.835 |
1086.420 |
1194.638 |
|
|
|
(13.075) |
9.961 |
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 |
1249.835 |
1086.420 |
1194.638 |
|
Profit/ (Loss) |
62.612 |
70.241 |
78.312 |
|
|
5.01
% |
6.47
% |
6.56
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.500 |
0.500 |
|
(b) Reserves and Surplus |
|
733.655 |
651.987 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
734.155 |
652.487 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
90.877 |
184.432 |
|
(b) Deferred tax liabilities (Net) |
|
54.639 |
59.744 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
145.516 |
244.176 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
188.803 |
205.407 |
|
(b) Trade payables |
|
84.471 |
65.921 |
|
(c) Other
current liabilities |
|
27.372 |
94.694 |
|
(d) Short-term
provisions |
|
3.757 |
0.515 |
|
Total Current
Liabilities (4) |
|
304.403 |
366.537 |
|
|
|
|
|
|
TOTAL |
|
1184.074 |
1263.200 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
540.944 |
583.247 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
1.635 |
17.104 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
5.777 |
14.357 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term
loans and advances |
|
58.045 |
30.268 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
606.401 |
644.976 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
343.839 |
333.093 |
|
(c) Trade
receivables |
|
97.764 |
102.483 |
|
(d) Cash and bank
balances |
|
93.871 |
122.844 |
|
(e)
Short-term loans and advances |
|
21.131 |
33.527 |
|
(f) Other
current assets |
|
21.068 |
26.277 |
|
Total
Current Assets |
|
577.673 |
618.224 |
|
|
|
|
|
|
TOTAL |
|
1184.074 |
1263.200 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1352.209 |
1339.195 |
|
|
Other Income |
|
31.852 |
34.505 |
|
|
TOTAL |
|
1384.061 |
1373.700 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
719.233 |
593.901 |
|
|
Purchases of
Stock-in-Trade |
|
150.674 |
230.755 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(25.291) |
(10.221) |
|
|
Employee benefit expense |
|
113.857 |
101.049 |
|
|
CSR expenditure |
|
0.091 |
0.144 |
|
|
Other expenses |
|
204.034 |
240.542 |
|
|
TOTAL |
|
1162.598 |
1156.170 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
221.463 |
217.530 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
23.953 |
33.197 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
197.510 |
184.333 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
82.654 |
86.083 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
114.856 |
98.250 |
|
|
|
|
|
|
|
Less |
TAX |
|
33.187 |
31.150 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
81.669 |
67.100 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
16334.00 |
13420.00 |
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 |
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 |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office
of the company has been shifted from 244 ATD Street Race Course,
Coimbatore-641018, Tamilnadu, India to the present address w.e.f. 24.01.2007
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C06162705 |
10502067 |
ANDHRA BANK |
29/05/2014 |
- |
- |
42000000.0 |
17 MILL ROAD COIMBATORE TN641001IN |
|
2 |
C58166091 |
10298845 |
ANDHRA BANK |
30/06/2011 |
01/07/2015 |
- |
86500000.0 |
17 MILL ROAD COIMBATORE TN641001IN |
|
3 |
B44318129 |
10138683 |
ANDHRA BANK |
29/11/2008 |
04/07/2012 |
- |
80000000.0 |
17 MILL ROAD COIMBATORE TN641001IN |
|
4 |
B97028518 |
90008466 |
ANDHRA BANK |
30/04/1997 |
29/01/2014 |
- |
265000000.0 |
17 MILL ROAD COIMBATORE TN641001IN |
|
5 |
G38239562 |
10064534 |
ANDHRA BANK |
06/08/2007 |
04/07/2012 |
13/03/2017 |
60000000.0 |
17 MILL ROAD COIMBATORE TN641001IN |
|
6 |
G05307749 |
80036001 |
ANDHRA BANK |
03/02/2006 |
04/07/2012 |
01/06/2016 |
480000000.0 |
17 MILL ROAD COIMBATORE TN641001IN |
|
7 |
C74609223 |
90007894 |
THE TAMILNADU INDUSTRIAL INVESTMENT CORPN. LIMITED |
08/03/1989 |
- |
18/12/2015 |
718200.0 |
`ARUL MANAI'27; WHITES ROAD MADRAS TN600014IN |
|
8 |
C41465998 |
90008069 |
STATE BANK OF MYSORE |
29/07/1992 |
- |
13/01/2015 |
15000000.0 |
POST BOX NO. 8075-76; OPP ANAKARA STREET COIMBATORE TN641001IN |
|
9 |
B94430451 |
10319743 |
ANDHRA BANK |
10/10/2011 |
04/07/2012 |
31/12/2013 |
74000000.0 |
17 MILL ROAD COIMBATORE TN641001IN |
|
10 |
A25789868 |
90008454 |
ANDHRA BANK |
28/02/1997 |
- |
26/10/2007 |
27500000.0 |
COIMBATORE MAIN BRANCH17; MILL ROAD COIMBATORE TN641001I |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.13 |
|
|
1 |
INR 91.96 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
NKT |
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.