|
|
|
MIRA INFORM REPORT
|
Report No. : |
500129 |
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Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
RSPL LIMITED (w.e.f.29.08.2011) |
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|
|
Formerly Known
As : |
RSPL PRIVATE LIMITED (w.e.f.26.08.2011) ROHIT SURFACTANTS PRIVATE LIMITED (w.e.f.17.06.2005) Shri
mahadeo soap industries private limited (w.e.f.14.03.2001) Shri mahadeo soap
industries limited |
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Registered
Office : |
119-121 (Part), Block P and T, Fazal Ganj Kalpi Road, Kanpur – 208012, Uttar Pradesh |
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Tel. No.: |
91-512-2551201-05 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
22.06.1988 |
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Com. Reg. No.: |
20-009771 |
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Capital
Investment / Paid-up Capital : |
INR 440.325 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U15111UP1988PLC009771 |
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|
|
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
GSTIN : [Goods & Service Tax Registration No.] |
24AADCS7820A2ZS |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCS7820A |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing
of Detergents and Soaps and Generation of Power. [Registered Activity] |
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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)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 40550000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
RSPL was incorporated in 1988 as a manufacturer of detergents. The company
sells detergent powders and cakes by the name Ghari, its flagship brand. RSPL
has also lunched other brands such as Uniwash, Xpert, Venurs and Pro-ease. Management has failed to file its financial for the year 2017 with
Registrar of Companies. As per the financial record of 2016, the company has achieved decent
growth in its revenue as compared to its previous year along with good profit
margin during the year. RSPL has healthy financial risk profile, marked by steady cash
accruals and strong debt protection metrics along with adequate networth
base. RSPL continue to reflect the company’s strong market position in the
economy detergent segment though its flagship brand, Ghari, especially in
north and Central India. However, these rating strengths are partially offset by exposure to
projects risk, brand concentration, susceptibility of operating margins to
volatility in input cost and exposure to competitive nature of the industry. Payments are reported to be regular and as per commitment. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES : Any query related to this
report can be made on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Facilities = AA- |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
01.12.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Facilities = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
01.12.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 26.03.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Ashish Chauhan |
|
Designation : |
Purchase Manager |
|
Contact No.: |
91-7436000426 |
|
Date : |
23.03.2018 |
Management non-cooperative (Tel No.: 91-79-29701607)
Tel No : 91-512-2551201 (Number is not
working)
LOCATIONS
|
Registered Office : |
119-121 (Part), Block P and T, Fazal Ganj Kalpi Road, Kanpur – 208012, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2551201-05 |
|
Mob. No.: |
91-9794352519 (Mr. Sushil Trivedi) 91-7436000426 (Mr. Ashish Chauhan) |
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Fax No.: |
91-512-2550832/ 2550833 |
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E-Mail : |
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|
Website : |
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Corporate Office 1 : |
3rd Floor, C-1, 2, and 3, Netaji Subhash Place, Wazirpur District Center, Pithampura, New
Delhi - 110 034, India |
|
Tel. No.: |
91-11-27351856/ 32917627/
32917821/ 32917830/ 32917702 |
|
Fax No.: |
91-11-27353193 |
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|
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Corporate Office 2 : |
Flat No.203, Kesarinath Apartment, |
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Corporate Office 3 : |
Safal Profitaire, C-2, 3rd Floor, Corporate Road, Near |
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Corporate Office 4 : |
C-1, 3rd Floor, Safal Profitaire, Corporate Road, Near Prahaladnagar Garden,
Satellite, Ahmedabad-380015, |
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Manufacturing Units : |
Located at: · Alwar · Aurangabad · Chitradurg · Jamnagar · Jamshedpur · Jhansi · Kanpur · New Delhi · Dhar · Ghaziabad · Greater Noida · Haridwar · Roorkee · Sagar · Raipur · Coimbatore ·
Jaisalmer |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Murli Dhar Gyanchandani |
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Designation : |
Managing Director |
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Address : |
7/ 189, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
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Date of Birth/Age : |
20.11.1946 |
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Qualification: |
Graduate |
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Date of Appointment : |
27.09.1995 |
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PAN No.: |
ABFPC2131C |
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DIN No.: |
00049298 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Bimal Kumar Gyanchandani |
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Designation : |
Managing Director |
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|
Address : |
7/ 189, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
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|
Date of Birth/Age : |
20.07.1960 |
||||||||||||||||||||||||||||||||||||||||
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Qualification: |
Graduate |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.10.1995 |
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PAN No.: |
ACVPK6782C |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00049337 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Rahul Gyanchandani |
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|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
7/ 189, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
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Date of Birth/Age : |
02.09.1979 |
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Qualification: |
Graduate |
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Date of Appointment : |
01.05.2004 |
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PAN No.: |
AEOPG0817K |
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DIN No.: |
00049468 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Manoj Kumar Gyanchandani |
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Designation : |
Whole time Director |
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Address : |
7/ 189, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
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Date of Birth/Age : |
22.10.1972 |
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Qualification: |
Graduate |
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Date of Appointment : |
11.03.2008 |
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PAN No.: |
ACVPK6783D |
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DIN No.: |
00049387 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Rohit Gyanchandani |
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Designation : |
Whole time Director |
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Address : |
7/ 189, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
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Date of Birth/Age : |
10.04.1984 |
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Qualification: |
MBA |
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Date of Appointment : |
04.02.2005 |
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PAN No.: |
ADTPG2140B |
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DIN No.: |
00049486 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Jagannath Gupta |
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|
Designation : |
Director |
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Address : |
3/169 3, Vishnupuri, Kanpur – 208002, Uttar Pradesh, India |
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Date of Birth/Age : |
19.10.1942 |
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Qualification: |
PHD |
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|
Date of Appointment : |
25.10.2012 |
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PAN No.: |
ABUPG0698K |
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DIN No.: |
00397952 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Rajinder Pal Singh |
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|
Designation : |
Director |
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Address : |
7/105 E, Villa-3, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
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Date of Birth/Age : |
19.01.1952 |
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Qualification: |
PHD |
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|
Date of Appointment : |
08.08.2006 |
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PAN No.: |
ABZPS7957G |
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DIN No.: |
02135781 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Renuka Gulati |
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|
Designation : |
Director |
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Address : |
935 G2, Vijay Shree Apartments, Bhoot Bangla Hemant, Vihar 2, Barra 2, Kanpur – 208027, Uttar Pradesh, India |
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Date of Birth/Age : |
06.06.1948 |
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Qualification: |
Post Graduate |
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|
Date of Appointment : |
14.12.2015 |
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PAN No.: |
ABWPG9042M |
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DIN No.: |
07395200 |
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||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Naresh Kumar Phoolwani |
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|
Designation : |
Additional Director |
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|
Address : |
43a/28, Dabauli, Ratan Lal Nagar, Kanpur – 208022, Uttar Pradesh, India |
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|
Date of Appointment : |
01.01.2017 |
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DIN No.: |
07681794 |
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KEY EXECUTIVES
|
Name : |
Mr. Sushil Kumar Bajpai |
|
Designation : |
Company Secretary and CFO (KMP) |
|
Address : |
Raghushri, H. No. 513, Lakhanpur, Vikas Nagar, Kanpur- 208024, Uttar Pradesh, India |
|
Date of Appointment : |
01.12.2007 |
|
PAN No.: |
AEUPB9460R |
|
Name : |
Mr. Ashish Chauhan |
|
Designation : |
Purchase Manager |
|
Name : |
GSK Associates |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Murali Dhar |
|
11610000 |
|
Bimal Kumar |
|
11008000 |
|
Manoj Kumar |
|
6605000 |
|
Rahul Ghyanchandani |
|
6605000 |
|
Rohit Ghyanchandani |
|
6605000 |
|
Kamala Devi |
|
1318500 |
|
Rajani Ghyanchandani |
|
281000 |
|
Total |
|
44032500 |
AS ON 31.12.2015
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
of Detergents and Soaps and Generation of Power. [Registered Activity] |
||||
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||||
|
Products / Services
: |
|
||||
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|
||||
|
Brand Names : |
Not Available |
||||
|
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|
||||
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Agencies Held : |
Not Available |
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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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||||||||||||||||||||||
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Customers : |
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||||||||||||||||||||||
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|
||||||||||||||||||||||
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No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
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||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
A.K.G.V.G. and Associates Chartered Accountants |
|
Address : |
307, Pearls Corporate, Sector 3, Rohini Delhi, Uttar Pradesh, India |
|
PAN No.: |
AAQFA2461F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company: |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key Management
personnel and their relatives: |
[CIN NO.: U45202UP2005PTC030986]
[CIN NO.:U19116UP2009PTC038499]
|
|
|
|
|
Other Relates
Parties: |
Laxmi Devi Dayal Das Charitable Trust, India |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000000 |
Equity Shares |
INR 10/- each |
INR 450.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
44032500 |
Equity Shares |
INR 10/- each |
INR 440.325 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
440.325 |
440.325 |
440.325 |
|
(b) Reserves and Surplus |
13750.450 |
10513.076 |
9543.139 |
|
(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) |
14190.775 |
10953.401 |
9983.464 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2270.719 |
2302.160 |
938.800 |
|
(b) Deferred tax liabilities (Net) |
340.932 |
408.935 |
320.566 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
17.845 |
|
(d) long-term
provisions |
152.381 |
83.781 |
21.898 |
|
Total Non-current
Liabilities (3) |
2764.032 |
2794.876 |
1299.109 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1879.010 |
1389.566 |
3483.092 |
|
(b) Trade
payables |
2497.802 |
2220.232 |
1872.137 |
|
(c) Other
current liabilities |
3977.368 |
3123.715 |
2850.533 |
|
(d) Short-term
provisions |
19.539 |
26.800 |
24.422 |
|
Total Current
Liabilities (4) |
8373.719 |
6760.313 |
8230.184 |
|
|
|
|
|
|
TOTAL |
25328.526 |
20508.590 |
19512.757 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
9884.347 |
7971.835 |
5947.199 |
|
(ii)
Intangible Assets |
14.700 |
18.576 |
43.129 |
|
(iii) Tangible assets
capital work-in-progress |
1464.054 |
553.474 |
2143.539 |
|
(iv)
Intangible assets under development |
135.534 |
134.890 |
134.943 |
|
(b) Non-current Investments |
2.300 |
2.300 |
2.300 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
2040.383 |
750.676 |
1564.911 |
|
(e) Other
Non-current assets |
1048.157 |
1598.531 |
0.000 |
|
Total Non-Current
Assets |
14589.475 |
11030.282 |
9836.021 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
3739.095 |
2438.231 |
1010.000 |
|
(b)
Inventories |
4736.525 |
3840.767 |
4051.262 |
|
(c) Trade
receivables |
372.590 |
339.717 |
161.359 |
|
(d) Cash and
bank balances |
107.788 |
768.101 |
1896.238 |
|
(e)
Short-term loans and advances |
1476.694 |
1956.769 |
2557.877 |
|
(f) Other
current assets |
306.359 |
134.723 |
0.000 |
|
Total
Current Assets |
10739.051 |
9478.308 |
9676.736 |
|
|
|
|
|
|
TOTAL |
25328.526 |
20508.590 |
19512.757 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
41697.691 |
39626.496 |
31364.533 |
|
|
Other Income |
599.136 |
331.976 |
217.695 |
|
|
TOTAL |
42296.827 |
39958.472 |
31582.228 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
28185.201 |
28649.743 |
23363.148 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(391.693) |
(737.554) |
(455.719) |
|
|
Employee benefit expense |
2346.064 |
1936.705 |
1171.695 |
|
|
CSR expenditure |
25.673 |
8.964 |
0.000 |
|
|
Other expenses |
5447.396 |
5851.723 |
3687.547 |
|
|
Prior period items before tax |
14.147 |
236.549 |
0.000 |
|
|
TOTAL |
35626.788 |
35946.130 |
27766.671 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
6670.039 |
4012.342 |
3815.557 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
359.605 |
412.566 |
227.776 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
6310.434 |
3599.776 |
3587.781 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
657.947 |
673.682 |
416.960 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
5652.487 |
2926.094 |
3170.821 |
|
|
|
|
|
|
|
Less |
TAX |
1832.151 |
1368.647 |
915.493 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3820.336 |
1557.447 |
2255.328 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
35.114 |
40.329 |
NA |
|
|
TOTAL EARNINGS |
35.114 |
40.329 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
86.76 |
35.37 |
50.12 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
1400.811 |
669.275 |
520.210 |
|
Net cash flows from (used in) operations |
6728.230 |
5849.536 |
0.000 |
|
Net cash flows from (used in) operating activities |
5161.006 |
4219.418 |
0.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
3.26 |
3.13 |
1.88 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
111.91 |
116.65 |
194.38 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
32.35 |
28.29 |
29.25 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.41 |
1.04 |
0.94 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.58 |
0.46 |
0.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.48 |
0.47 |
0.50 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.39 |
0.40 |
0.50 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.59 |
0.62 |
0.82 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.81 |
0.79 |
0.83 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
18.55 |
9.73 |
16.75 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
9.16 |
3.93 |
7.19 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
15.08 |
7.59 |
11.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
26.92 |
14.22 |
22.59 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.28 |
1.40 |
1.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.72 |
0.83 |
0.68 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.56 |
0.53 |
0.51 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
12.61 |
9.90 |
11.22 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.28 |
1.40 |
1.18 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
440.325 |
440.325 |
440.325 |
|
Reserves & Surplus |
9543.139 |
10513.076 |
13750.450 |
|
Net worth |
9983.464 |
10953.401 |
14190.775 |
|
|
|
|
|
|
long-term borrowings |
938.800 |
2302.160 |
2270.719 |
|
Short term borrowings |
3483.092 |
1389.566 |
1879.010 |
|
Current Maturities of
Long term debt |
520.210 |
669.275 |
1400.811 |
|
Total borrowings |
4942.102 |
4361.001 |
5550.540 |
|
Debt/Equity ratio |
0.495 |
0.398 |
0.391 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
31364.533 |
39626.496 |
41697.691 |
|
|
|
26.342 |
5.227 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
31364.533 |
39626.496 |
41697.691 |
|
Profit |
2255.328 |
1557.447 |
3820.336 |
|
|
7.19% |
3.93% |
9.16% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
440.325 |
440.325 |
|
(b) Reserves &
Surplus |
|
13389.908 |
10243.909 |
|
(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) |
|
13830.233 |
10684.234 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2270.719 |
2302.160 |
|
(b) Deferred tax
liabilities (Net) |
|
348.035 |
413.245 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
155.123 |
85.401 |
|
Total Non-current
Liabilities (3) |
|
2773.877 |
2800.806 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
2006.007 |
1464.898 |
|
(b) Trade payables |
|
2547.099 |
2271.629 |
|
(c) Other current
liabilities |
|
3984.874 |
3129.990 |
|
(d) Short-term provisions |
|
20.648 |
27.353 |
|
Total Current Liabilities
(4) |
|
8558.628 |
6893.870 |
|
|
|
|
|
|
TOTAL |
|
25162.738 |
20378.910 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
10034.890 |
8094.366 |
|
(ii) Intangible Assets |
|
17.747 |
22.152 |
|
(iii) Capital
work-in-progress |
|
1464.887 |
554.186 |
|
(iv) Intangible assets
under development |
|
135.534 |
134.890 |
|
(b) Non-current
Investments |
|
0.200 |
0.200 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1712.016 |
543.429 |
|
(e) Other Non-current
assets |
|
1048.157 |
1598.529 |
|
Total Non-Current Assets |
|
14413.431 |
10947.752 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
3739.095 |
2438.231 |
|
(b) Inventories |
|
4807.540 |
3874.070 |
|
(c) Trade receivables |
|
213.542 |
158.869 |
|
(d) Cash and cash
equivalents |
|
152.673 |
806.531 |
|
(e) Short-term loans and
advances |
|
1526.451 |
1987.740 |
|
(f) Other current assets |
|
310.006 |
165.717 |
|
Total Current Assets |
|
10749.307 |
9431.158 |
|
|
|
|
|
|
TOTAL |
|
25162.738 |
20378.910 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
42201.185 |
39697.032 |
|
|
Other Income |
|
579.193 |
312.173 |
|
|
TOTAL |
|
42780.378 |
40009.205 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
28559.937 |
28777.384 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(377.518) |
(760.069) |
|
|
Employees benefits
expense |
|
2395.287 |
1965.491 |
|
|
CSR
expenditure |
|
25.673 |
8.964 |
|
|
Other
expenses |
|
5555.855 |
5997.087 |
|
|
Prior
period items before tax |
|
10.293 |
238.308 |
|
|
TOTAL |
|
36169.527 |
36227.165 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
6610.851 |
3782.040 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
374.624 |
414.955 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
6236.227 |
3367.085 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
664.938 |
677.648 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
5571.289 |
2689.437 |
|
|
|
|
|
|
|
Less |
TAX |
|
1835.612 |
1373.120 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
3735.677 |
1316.317 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
84.84 |
29.89 |
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 |
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 |
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 |
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS:
During the period, the Company has seen an increase of 5.23 percent in revenue from operation (net) i.e. from INR 39626.500 Million s during the Financial Year 2014-15 to INR 41697.700 Million during Financial Year 2015-16. EBIDTA has registered a growth of 57.32 percent i.e. from INR 4248.900 Million during the Financial Year 2014-15 to INR 6684.200 Million during Financial Year 2015-16. The net profit before tax seen a increase of 93.18 percent i.e. from INR 2926.100 Million during the Financial Year 2014-15 to INR 5652.500 Million during Financial Year 2015-16 mainly due to lower costs such as of raw materials and other expenses including period.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
67.541 |
7.041 |
|
Total |
67.541 |
7.041 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G55916985 |
100109064 |
ST HELEN'S NOMINEES INDIA PRIVATE LIMITED |
13/07/2017 |
04/10/2017 |
420550000.0 |
1ST FLOOR, CRESCENZO BUILDING, C-38/39,"G" BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI – 400051, MAHARASHTRA, INDIA |
|
2 |
G43405273 |
100096623 |
SBICAP TRUSTEE COMPANY LIMITED |
28/03/2017 |
- |
23310000000.0 |
202 MAKER TOWER ECUFFE PARADE, MUMBAI – 400005, MAHARASHTRA, INDIA |
|
3 |
G52324779 |
100120357 |
HDFC BANK LIMITED |
10/03/2017 |
- |
1500000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI – 400013, MAHARASHTRA, INDIA |
|
4 |
G45200102 |
100071487 |
AXIS TRUSTEE SERVICES LIMITED |
21/12/2016 |
17/03/2017 |
2000000000.0 |
AXIS HOUSE, BOMBAY DYEING MILLS COMPOUND, PANDHURANG BUDHKAR MARG, WORLI, MUMBAI – 400025, MAHARASHTRA, INDIA |
|
5 |
G45958964 |
100051618 |
ST HELEN'S NOMINEES INDIA PRIVATE LIMITED |
23/09/2016 |
07/06/2017 |
899745000.0 |
1ST FLOOR, CRESCENZO BUILDING, C-38/39,"G" BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI – 400051, MAHARASHTRA, INDIA |
|
6 |
G46172193 |
100058920 |
CITI BANK N.A. |
29/07/2016 |
25/05/2017 |
980000000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR, CONNAUGHT CIRCUS, CONNAUGHT PLACE, NEW DELHI -110001, INDIA |
|
7 |
G40905127 |
10503043 |
CITI BANK N.A. |
20/05/2014 |
20/01/2017 |
1170000000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR 124 CONNAUGHT CIRCUS CONNAUGHT PLACE, NEW DELHI – 110001, MAHARASHTRA, INDIA |
|
8 |
C78868379 |
10485984 |
STANDARD CHARTERED BANK |
27/03/2014 |
04/02/2016 |
1240000000.0 |
(ACTING AS AN SECURITY AGENT) CDU,NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI -110001, MAHARASHTRA, INDIA |
|
9 |
C06666531 |
10447347 |
CITI BANK N.A. |
30/08/2013 |
20/05/2014 |
500000000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR,124 CONNAUGHT CIRCUS, CONNAUGHT PLACE, NEW DELHI – 110001, MAHARASHTRA, INDIA |
|
10 |
B85182038 |
10306878 |
HDFC BANK LIMITED |
22/07/2011 |
31/08/2013 |
1080000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
Other money for which company is contingently liable |
121.565 |
74.593 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Computer
·
Vehicles
·
Office Equipment
·
Motor Car
·
Electrical Installment
Intangible assets
- Computer Software
- Goodwill
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 91.95 |
|
Euro |
1 |
INR 80.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
TRUP |
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.