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MIRA INFORM REPORT
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Report No. : |
499860 |
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Report Date : |
27.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
GUNJAN PAINTS LIMITED (w.e.f.25.03.1998) |
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Formerly known
as: |
GUNJAN ORGANICS LIMITED (w.e.f.10.04.1996) GUNJAN ORGANICS PRIVATE LIMITED |
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Registered
Office/Factory : |
Block No. 1162, Moti Bhoyan, Vadsar-Kalol Road, Taluka: Kalol,
Gandhinagar – 382721, Gujarat |
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Tel. No.: |
91-2764-281277 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
27.08.1992 |
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Com. Reg. No.: |
04-018208 |
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Capital
Investment / Paid-up Capital : |
INR 18.000 Million |
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CIN No.: [Company Identification
No.] |
U24231GJ1992PLC018208 |
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IEC No.: [Import-Export Code No.] |
0891015531 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACG5470F |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The
company is engaged in manufacturing and trading of paints, chemicals
and allied products. (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 : |
B |
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Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 1992. It is a manufacturer of
paints. Management has failed to file its financials with registrar of
companies for the FY 2017. As per the available financial records of 2016, the moderate financial
profile of the company is marked by low reserve base as compared to its
capital along with negligible debt level. Rating is constrained on account of absence of latest financials. However, rating weakness is partially offset by the subject’s long
established track record of business operations along with extensive
experience of its promoters. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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.
INFORMATION DENIED BY
|
Name : |
Mr. Pankaj Desai |
|
Designation : |
Export Manager |
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Contact No.: |
91-9725011029 |
|
Date : |
26.03.2018 |
LOCATIONS
|
Registered Office : |
Block No. 1162, Moti Bhoyan, Vadsar-Kalol Road, Taluka: Kalol,
Gandhinagar – 382721, Gujarat, India |
|
Tel. No.: |
91-2764-281277 |
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Mobile No.: |
91-9725011029 (Mr. Pankaj Desai) |
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Fax No.: |
91-2764-281280 |
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E-Mail : |
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Website : |
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Area: |
18000 Sq. ft. |
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Location: |
Owned |
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Locality: |
Commercial |
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Corporate Office : |
7, New India Industrial Estate, Off. Mahakali Caves Road,
Near Paper Box Factory, Andheri (East), Mumbai – 400093, Maharashtra, India |
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Tel. No.: |
91-22-26873506 / 26875094 |
DIRECTORS
AS ON 2018
|
Name : |
Mr. Gunjan Govindbhai Barot |
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Designation : |
Director |
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Address : |
37, Someshwara Park, Part III, Near Bhuyangdev Char Rasta,
Ghatlodia, Ahmedabad – 380061, Gujarat, India |
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Date of Appointment : |
15.01.2002 |
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DIN No.: |
01788165 |
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Name : |
Mr. Govind Dahyalal Barot |
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Designation : |
Director |
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Address : |
37, Someshwara Park, Part III, Near Bhuyangdev Char Rasta,
Ghatlodia, Ahmedabad – 380061, Gujarat, India |
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Date of Appointment : |
15.01.2002 |
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DIN No.: |
01879439 |
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Name : |
Mr. Purna Gunjan Barot |
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Designation : |
Additional Director |
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Address : |
14, Aishwarya Bugnlow-1, Behind Panchamrut Bunglows, Near cims Hospital, Science City Road, Sola Road, Ahmedabad – 380060, Gujarat, India |
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Date of Appointment : |
28.06.2012 |
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DIN No.: |
05313366 |
KEY EXECUTIVES
|
Name : |
Mr. Pankaj Desai |
|
Designation : |
Export Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
SHAREHOLDING FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
90.00 |
|
Promoters- Body corporate |
10.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The
company is engaged in manufacturing and trading of paints, chemicals
and allied products. (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 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 : |
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Facilities : |
(INR
In Million)
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Auditors : |
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Name : |
Saurabh R Shah and Company Chartered Accountants |
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Address : |
302, Wallstreet-1, Near Gujarat College Railway Crossing, Opposite
Orient Club, Ellisbridge, Ahmedabad – 380006, Gujarat, India |
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Tel No: |
91-79-26423621 |
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Email: |
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Income-tax
PAN of auditor or auditor's firm : |
AQBPS7908L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Firms in which relatives of key management personnel are interested
(As on 31.03.2016) |
·
Gunjan Holdings Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
1800000 |
Equity Shares |
INR 10/- each |
INR 18.000 Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
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|
|
|
(a) Share Capital |
18.000 |
18.000 |
18.000 |
|
(b) Reserves &
Surplus |
13.002 |
12.572 |
12.903 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
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|
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|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
31.002 |
30.572 |
30.903 |
|
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|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
28.554 |
4.966 |
0.285 |
|
(b) Deferred tax
liabilities (Net) |
3.762 |
4.126 |
4.753 |
|
(c) Other long term
liabilities |
4.863 |
4.963 |
5.596 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
37.179 |
14.055 |
10.634 |
|
|
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|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
26.540 |
29.864 |
31.888 |
|
(b) Trade payables |
21.634 |
33.639 |
38.237 |
|
(c) Other current liabilities |
0.555 |
0.854 |
1.123 |
|
(d) Short-term provisions |
0.405 |
0.500 |
0.950 |
|
Total Current Liabilities
(4) |
49.134 |
64.857 |
72.198 |
|
|
|
|
|
|
TOTAL |
117.315 |
109.484 |
113.735 |
|
|
|
|
|
|
II.
ASSETS |
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|
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|
(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
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|
(i) Tangible assets |
19.627 |
20.648 |
23.399 |
|
(ii) Intangible Assets |
0.016 |
0.018 |
0.020 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.029 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.765 |
0.765 |
0.765 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
20.437 |
21.431 |
24.184 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
49.763 |
41.128 |
39.745 |
|
(c) Trade receivables |
25.874 |
26.464 |
32.402 |
|
(d) Cash and cash
equivalents |
3.843 |
6.631 |
3.816 |
|
(e) Short-term loans and
advances |
8.640 |
5.072 |
4.885 |
|
(f) Other current assets |
8.758 |
8.758 |
8.703 |
|
Total Current Assets |
96.878 |
88.053 |
89.551 |
|
|
|
|
|
|
TOTAL |
117.315 |
109.484 |
113.735 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
83.175 |
81.912 |
78.293 |
|
|
Other Income |
8.304 |
8.413 |
1.150 |
|
|
TOTAL |
91.479 |
90.325 |
79.443 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
61.625 |
57.223 |
49.407 |
|
|
Cost of packing material |
6.783 |
7.687 |
6.941 |
|
|
Purchases of
Stock-in-Trade |
5.944 |
6.505 |
8.394 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.281) |
-1.868 |
(5.962) |
|
|
Manufacturing expenses |
2.559 |
3.233 |
2.237 |
|
|
Employees benefits
expense |
5.307 |
6.049 |
6.360 |
|
|
Administration expenses |
2.876 |
2.584 |
3.186 |
|
|
Selling and distribution |
1.980 |
1.586 |
1.997 |
|
|
Other expenses |
0.000 |
0.000 |
0.000 |
|
|
TOTAL |
84.793 |
82.999 |
72.560 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
6.686 |
7.326 |
6.883 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.010 |
4.574 |
4.531 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2.676 |
2.752 |
2.352 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.160 |
2.259 |
1.837 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.516 |
0.493 |
0.515 |
|
|
|
|
|
|
|
Less |
TAX |
0.086 |
0.040 |
0.137 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.430 |
0.453 |
0.378 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
8.320 |
8.651 |
8.273 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Asset written off
pursuant |
0.000 |
0.786 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
8.750 |
8.320 |
8.651 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
20.604 |
13.645 |
3.298 |
|
|
TOTAL EARNINGS |
20.604 |
13.645 |
3.298 |
|
|
|
|
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|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
3.284 |
|
|
TOTAL IMPORTS |
0.000 |
0.000 |
3.284 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.23 |
0.25 |
0.21 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.151 |
0.000 |
|
Cash generated from operations |
(23.119) |
NA |
NA |
|
Net cash flows from (used in) operations |
(23.569) |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
113.54 |
117.92 |
151.06 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.21 |
3.10 |
2.42 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
116.86 |
192.67 |
241.46 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.13 |
0.18 |
0.17 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.34 |
0.35 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.64 |
0.64 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.78 |
1.14 |
1.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.58 |
2.12 |
2.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.63 |
0.68 |
0.76 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.67 |
1.60 |
1.52 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.52 |
0.55 |
0.48 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.37 |
0.41 |
0.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.39 |
1.48 |
1.22 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.97 |
1.36 |
1.24 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.96 |
0.72 |
0.69 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.26 |
0.28 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.06 |
1.94 |
1.79 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.97 |
1.36 |
1.24 |
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 |
18.000 |
18.000 |
18.000 |
|
Reserves & Surplus |
12.903 |
12.572 |
13.002 |
|
Net worth |
30.903 |
30.572 |
31.002 |
|
|
|
|
|
|
long-term borrowings |
0.285 |
4.966 |
28.554 |
|
Short term borrowings |
31.888 |
29.864 |
26.540 |
|
Current Maturities of
Long term debt |
0.000 |
0.151 |
0.000 |
|
Total borrowings |
32.173 |
34.981 |
55.094 |
|
Debt/Equity ratio |
1.041 |
1.144 |
1.777 |
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 |
78.293 |
81.912 |
83.175 |
|
|
|
4.622 |
1.542 |
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 |
78.293 |
81.912 |
83.175 |
|
Profit/(Loss) |
0.378 |
0.454 |
0.430 |
|
|
0.48% |
0.55% |
0.52% |
LEGAL CASE
HIGH COURT OF
GUJARAT
STAMP NUMBER 1401
of 2013
|
Status : PENDING CCIN No : 001087201301401 |
|
Last Listing Date: 22/05/2013 Coram: ADDITIONAL REGISTRAR ( JUDICIAL) |
|
S.NO. Name of the Petitioner
Advocate On Record Blank Name MR MAUNISH T PATHAK |
|
Name of the
Respondant GUNJAN PAINTS LTD |
|
Presented On : 07/05/2013 Registered On: 07/05/2013 |
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Case Originated From : THROUGH HIS/HER/THEIR ADVOCATE Listed : 1 times Stage Name : OFFICE OBJECTION (FILING STAGE) Classification: SJ - OJ - COMPANY PETITION - COMPANIES ACT, 1956 - WINDING UP - 433 AND 434 Act COMPANIES ACT, 1956 Court Proceedings |
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 |
No |
|
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 |
No |
|
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 |
CORPORATE INFORMATION (AS ON 31.03.2016)
The company is a closely held limited company incorporated on August 27, 1992 under the provisions of the companies act, 1956. The company is situated at 1162, Moti Bhoyan, Vadsar- Kalol Road, Kalol, Gandhinagar, Gujarat and is engaged in manufacturing and trading of paints, chemicals and allied products.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loan from related
parties |
26.054 |
1.961 |
|
Loan from others |
2.500 |
3.000 |
|
Total |
28.554 |
4.961 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G45454956 |
100100525 |
INDUSIND BANK LIMITED |
10/03/2017 |
09/05/2017 |
- |
49500000.0 |
PLOT NO. 122 AMBIKA NIWASASHRAM, ROAD, OPP. BATA HOUSE, AHMEDABAD – 380009, GUJARAT, INDIA |
|
2 |
G45116399 |
10270241 |
ALLAHABAD BANK LIMITED |
04/02/2011 |
- |
26/05/2017 |
65545000.0 |
1-2,MANGALYA SQUAREMANI, NAGAR CROSS, ROAD,MANINAGAR, AHMEDABAD – 380009, GUJARAT, INDIA |
|
3 |
G45115102 |
10270233 |
ALLAHABAD BANK LIMITED |
04/02/2011 |
- |
26/05/2017 |
65000000.0 |
1-2,MANGALYA SQUAREMANI, NAGAR CROSS, ROAD,MANINAGAR, AHMEDABAD – 380009, GUJARAT, INDIA |
|
4 |
B16422727 |
10172440 |
SYNDICATE BANK |
05/06/2007 |
01/03/2011 |
04/07/2011 |
8000000.0 |
1-2,MANGALYA SQUAREMANI, NAGAR CROSS, ROAD,MANINAGAR, AHMEDABAD – 380009, GUJARAT, INDIA |
|
5 |
B16418527 |
10026284 |
SYNDICATE BANK |
16/10/2006 |
01/03/2011 |
04/07/2011 |
8000000.0 |
1-2,MANGALYA SQUAREMANI, NAGAR CROSS, ROAD,MANINAGAR, AHMEDABAD – 380009, GUJARAT, INDIA |
|
6 |
B07023963 |
10100934 |
SYNDICATE BANK |
23/01/2008 |
- |
22/02/2011 |
20000000.0 |
1-2,MANGALYA SQUAREMANI, NAGAR CROSS, ROAD,MANINAGAR, AHMEDABAD – 380009, GUJARAT, INDIA |
|
7 |
B07024201 |
10173824 |
SYNDICATE BANK |
11/09/2006 |
- |
22/02/2011 |
3000000.0 |
1-2,MANGALYA SQUAREMANI, NAGAR CROSS, ROAD,MANINAGAR, AHMEDABAD – 380009, GUJARAT, INDIA |
|
8 |
A70256250 |
90099235 |
CORPORTION BANK |
11/08/2000 |
05/11/2003 |
08/09/2009 |
9500000.0 |
M J LIBRARY BRANCH;ELLEISBRIDGE, AHEMADABAD – 380006, GUJARAT, INDIA |
|
9 |
A70256417 |
90099288 |
CORPORTION BANK |
29/11/2000 |
18/10/2003 |
08/09/2009 |
9500000.0 |
M J LIBRARY BRANCH;ELLEISBRIDGE,AHEMADABAD – 380006, GUJARAT, INDIA |
|
10 |
A70256334 |
90099254 |
CORPORTION BANK |
11/09/2000 |
- |
08/09/2009 |
9500000.0 |
M J LIBRARY BRANCH;ELLEISBRIDGE, AHEMADABAD – 380006, GUJARAT, INDIA |
FIXED ASSETS:
·
Land
·
Building
·
Electric Installation
·
Laboratory Equipment
·
Plant and Machinery
·
Furniture and Fixture
·
Computer
·
Vehicles
·
Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.90 |
|
|
1 |
INR 91.86 |
|
Euro |
1 |
INR 80.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKTS |
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.