MIRA INFORM REPORT

 

 

Report No. :

500015

Report Date :

27.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

S M I COATED PRODUCTS PRIVATE LIMITED

 

 

Registered Office :

51, Shiv Shakti Industrial Estate, Opposite Mittal Estate, Andheri Kurla Road, Andheri (East), Mumbai – 400053, Maharashtra

Tel. No.:

91-22-42048000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

03.04.2003

 

 

Com. Reg. No.:

11-139869

 

 

Capital Investment / Paid-up Capital :

INR 39.200 Million

 

 

CIN No.:

[Company Identification No.]

U74999MH2003PTC139869

 

 

IEC No.:

[Import-Export Code No.]

0303072687

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AAHCS411SN1Z2

 

 

TIN No:

27600644765

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMM19177E

 

 

PAN No.:

[Permanent Account No.]

AAHCS411SN

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Sticker Labels and Importing of Raw Material. [Registered activity and also confirmed by management]

 

 

No. of Employees :

170 (Approximately)

 

 

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

 

Maximum Credit Limit :

USD 1500000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 2003 having fine track records.

 

For the financial year ended 2017, the company has witnessed a growth in its revenue and has achieved fair profit margin at 4.81% (approx.)

 

The company possesses sound financial profile marked by healthy net worth base along with comfortable debt level and favourable gap between trade payables to its trade receivables.

 

The company also derives strength from its established track record of business operations.

 

Trade relations are reported as fair. Business is active. Payment terms are seems to be regular and as per commitments.

 

In view of the 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

ICRA

Rating

Long Term Rating (BBB-)

Rating Explanation

Moderate degree of safety and moderate credit risk.

Date

March 14, 2017

 

Rating Agency Name

ICRA

Rating

Short Term Rating (A3)

Rating Explanation

Moderate degree of safety and higher credit risk.

Date

March 14, 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 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 PARTED BY

 

Name :

Mr. Mustaq Ahmed Shaik

Designation :

Finance Head

Contact No.:

91-9321481008

Date :

25.03.2018

 

 

LOCATIONS

 

Registered Office :

51, Shiv Shakti Industrial Estate, Opposite Mittal Estate, Andheri Kurla Road, (Andheri (East), Mumbai – 400053, Maharashtra, India

Tel. No.:

91-22-42048000 / 66924530 / 66924531/ 56924530

Mobile No.:

91-9321481008 (Mr. Mustaq Shaik)

Fax No.:

91-22-28523897

E-Mail :

smind1@vsnl.com

contactus@smicoatedproducts.com

accounts@smicoatedproducts.com

Website :

http://www.smicoatedproducts.com

Area:

2000 sq. ft.

Location :

Owned

Locality :

Industrial

 

 

Head Office:

1-B-2, Gundecha Onclave, Kherani Road, Sakinaka, Andheri (East), Mumbai – 400059, Maharashtra, India 

 

 

Corporate Office:

4-B-5 and 4-B-6, Gundecha Onclave, Kherani Road, Sakinaka, Andheri (East), Mumbai – 400059, Maharashtra, India 

 

 

Factory :

B-120, MIDC, Industrial Area, Anand Nagar, Ambernath (East), Thane – 421506, Maharashtra, India

Area:

14000 mtr.

Location :

Owned

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Ajay Om Prakash Mehta

Designation :

Director

Address :

205-C, Kenmore Housing Society Limited, 2nd Cross Lane, Lokhandwala Complex, Andheri (West), Mumbai – 400058, Maharashtra, India

Date of Birth/Age :

18.10.1961

Qualification :

B. Sc.

Date of Appointment :

03.04.2003

PAN No.:

AADPM5591P

Voter ID No.:

MT/08/039/274053

DIN No.:

00208284

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U74999MH2002NPL136516

LABEL MANUFACTURERS ASSOCIATION OF INDIA

26/09/2017

-

 

 

Name :

Mrs. Swati Ajay Mehta

Designation :

Director

Address :

205-C, Kenmore Housing Society Limited, 2nd Cross Lane, Lokhandwala Complex, Andheri (West), Mumbai – 400058, Maharashtra, India

Date of Birth/Age :

14.01.1963

Qualification :

B. Com.

Date of Appointment :

10.05.2003

PAN No.:

AACPM1388B

Voter ID No.:

MT/08/039/274054

DIN No.:

00208327

 

 

Name :

Mr. Rohit Ajay Mehta

Designation :

Director

Address :

101-Tej Mahan Apartment, Nargish Compound, J.B. Nagar, Andheri (East), Mumbai – 400069, Maharashtra, India

Date of Birth/Age :

29.03.1986

Date of Appointment :

30.03.2009

Qualification :

MBA

PAN No.:

AKCPM4844N

DIN No.:

02587850

 

 

 

 

KEY EXECUTIVES

 

Name :

Nilesh Shah and Associates

Designation :

Company Secretary

Address :

211-B, (Back Side), 2nd Floor, Building No.1, Sona Udyog, Parsi Panchayat Road, Extension of Old Nagardas Road, Andheri (East), Mumbai – 400069, Maharashtra, India

Tel. No:

91-22-28207824/ 28203582

Email:

nilesh@ngshah.com

 

 

Name :

Mr. Mustaq Ahmed Shaik

Designation :

Finance Head

 

 

MAJOR SHAREHOLDERS

 

As on: 31.03.2017

 

Names of Shareholders

No. of Shares

% of Holding

Ajay Omprakash Mehta

374000

95.41

Shakuntala Omprakash Mehta

4000

1.02

Swati Ajay Mehta

14000

3.57

Total

392000

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2017

 

Category

Percentage

Promoters [Individual/Hindu Undivided Family (Indian)]

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Sticker Labels and Importing of Raw Material. [Registered activity and also confirmed by management]

 

 

Products / Services :

Name and Description of main products / services

ITC Code

Label Stock Services to Various Products

48114100

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Product :

·         Sticker Labels

Countries :

·         UAE

·         Saudi Arabia

·         Kenya

·         Uganda

·         Zimbabwe

·         Nigeria

·         Australia

 

 

Imports :

Products:

·         Raw Material

Countries :

·         Germany

·         Uganda

·         Italy

·         USA

·         Indonesia

·         Malaysia

·         Japan

 

 

Terms :

 

Selling :

Cash, L/C and Credit (30/60 Days)

 

 

Purchasing :

Cash, L/C and Credit (30/60 Days)

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

Customers :

Wholesalers, Retailers, End Users

 

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

No. of Employees :

170 (Approximately)

 

 

Bankers :

Banker Name :

Citi Bank

Branch :

Fort Branch, Mumbai – 400001, Maharashtra, India

Person Name (With Designation) :

--

Contact Number :

91-22-40765172 (Continuously Ringing)

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

Banker Name :

Bank of Baroda

Branch :

Apple Heritage Building, Chakala Branch, Andheri (East), Mumbai – 400099, Maharashtra, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

·         The Hong Kong and Shanghai Banking Corporation Limited, Lower Parel, Mumbai – 400013, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2017

INR In Million

31.03.2016

INR In Million

LONG TERM BORROWINGS

 

 

Rupee term loans from banks

1.625

0.125

Other loans and advances

28.559

83.540

SHORT TERM BORROWINGS

 

 

Loans repayable on demand from banks

389.198

372.193

Total

524.888

455.858

 

Auditors :

 

Name :

U. D. Kachare and Company

Chartered Accountants

Address :

C6, Saraswati Apartments, Laxmi Nagar, Mahadevbhai Desai Road, Borivali (East), Mumbai – 400066, Maharashtra, India

PAN No.:

AAHPK2745B

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:

·         S M Plastic Industries

·         Paper and Plastic Industries

 

 

Subsidiary Company

SMI Coated Products FZE, United Arab Emirates

 

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

INR 100/- each

INR 50.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

392000

Equity Shares

INR 100/- each

INR 39.200 Million

 

 

 

 

 

 

 

FINANCIAL DATA

[All figures are in INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2017

31.03.2016

31.03.2015

I.      EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

39.200

19.600

19.600

(b) Reserves and Surplus

478.348

414.697

334.453

(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)

517.548

434.297

354.053

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

148.790

91.765

38.284

(b) Deferred tax liabilities (Net)

0.000

3.988

0.275

(c) Other long-term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

148.790

95.753

38.559

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short-term borrowings

389.198

372.193

246.921

(b) Trade payables

201.958

185.374

180.310

(c) Other current liabilities

53.925

31.094

30.989

(d) Short-term provisions

10.814

8.028

13.442

Total Current Liabilities (4)

655.895

596.689

471.662

 

 

 

 

TOTAL

1322.233

1126.739

864.274

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

304.929

259.875

149.930

(ii) Intangible Assets

2.257

0.643

0.399

(iii) Tangible assets capital work-in-progress

48.927

1.293

0.881

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

18.190

0.000

0.000

(c) Deferred tax assets (net)

0.428

0.000

0.000

(d) Long-term loans and advances

4.918

4.681

4.468

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

379.649

266.492

155.678

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

257.573

225.392

194.466

(c) Trade receivables

514.607

572.422

452.820

(d) Cash and bank balances

34.870

22.825

31.766

(e) Short-term loans and advances

133.046

38.550

28.870

(f) Other current assets

2.488

1.058

0.674

Total Current Assets

942.584

860.247

708.596

 

 

 

 

TOTAL

1322.233

1126.739

864.274

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Total Revenue from operations

1729.634

1649.331

1435.024

 

Other Income

44.271

14.526

25.424

 

TOTAL

1773.905

1663.857

1460.448

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

1308.949

1249.543

1091.480

 

Purchases of Stock-in-Trade

31.349

14.024

15.940

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(1.432)

(6.664)

(1.708)

 

Employee benefit expense

94.346

71.928

58.476

 

CSR expenditure

0.329

1.518

0.056

 

Other expenses

167.804

145.640

119.395

 

TOTAL

1601.345

1475.989

1283.639

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

172.560

187.868

176.809

 

 

 

 

 

Less

FINANCIAL EXPENSES

38.709

38.655

33.956

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

133.851

149.213

142.853

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

18.899

13.471

7.482

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

114.952

135.742

135.371

 

 

 

 

 

Less

TAX

31.702

48.428

47.369

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

83.250

87.314

88.002

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

782.636

903.769

761.808

 

TOTAL EARNINGS

782.636

903.769

761.808

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

675.244

665.201

646.887

 

Capital Goods

36.343

28.747

7.768

 

TOTAL IMPORTS

711.586

693.948

654.655

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

212.37

445.48

448.99

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

41.683

22.303

12.938

 

 

 

 

Net cash flows from (used in) operations

115.433

22.554

111.387

 

 

 

 

Net cash flows from (used in) operating activities

79.233

(32.571)

66.078

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

[Sundry Debtors / Income * 365]

 

108.60

126.68

115.18

 

 

 

 

 

Account Receivables Turnover

[Income / Sunday Debtors]

 

3.36

2.88

3.17

 

 

 

 

 

Average Payment Days [Sundry Creditors / Purchases * 365]

 

55.00

53.55

59.43

 

 

 

 

 

Inventory Turnover [Operating Income / Inventories]

 

0.67

0.83

0.91

 

 

 

 

 

Asset Turnover [Operating Income / Net Fixed Assets]

 

0.48

0.72

1.17

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio [(Borrowing + Current Liabilities) / Total Assets]

 

0.64

0.63

0.60

 

 

 

 

 

Debt Equity Ratio (Borrowings / NetWorth)

 

1.12

1.12

0.84

 

 

 

 

 

Current Liabilities to Networth (Current Liabilities / NetWorth)

 

1.27

1.37

1.33

 

 

 

 

 

Fixed Assets to NetWorth (Net Fixed Assets / NetWorth)

 

0.69

0.60

0.43

 

 

 

 

 

Interest Coverage Ratio [PBIT / Financial Charges]

 

4.46

4.86

5.21

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin [(PAT / Sales) * 100]

(%)

4.81

5.29

6.13

 

 

 

 

 

Return on Total Assets [(PAT / Total Assets) * 100]

(%)

6.30

7.75

10.18

 

 

 

 

 

Return on Investment (ROI) [(PAT / NetWorth) * 100]

(%)

16.09

20.10

24.86

 

 

SOLVENCY RATIO

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio [Current Assets / Current Liabilities]

 

1.44

1.44

1.50

 

 

 

 

 

Quick Ratio [(Current Assets - Inventories) / Current Liabilities]

 

1.04

1.06

1.09

 

 

 

 

 

G-Score Ratio Financial [NetWorth / Total Assets]

 

0.39

0.39

0.41

 

 

 

 

 

G-Score Ratio Debt [Debts / Equity Capital]

 

14.79

24.81

15.21

 

 

 

 

 

G-Score Ratio Liquidity [Total Current Assets / Total Current Liabilities]

 

1.44

1.44

1.50

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

19.600

19.600

39.200

Reserves & Surplus

334.453

414.697

478.348

Net worth

354.053

434.297

517.548

 

 

 

 

Long-term borrowings

38.284

91.765

148.790

Short term borrowings

246.921

372.193

389.198

Current maturities of long-term debts

12.938

22.303

41.683

Total borrowings

298.143

486.261

579.671

Debt/Equity ratio

0.842

1.120

1.120

 

 

 

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

1435.024

1649.331

1729.634

 

 

14.934

4.869

 

 

 

 

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

1435.024

1649.331

1729.634

Profit/ (Loss)

88.002

87.314

83.250

 

6.13 %

5.29 %

4.81 %

 

 

 

 

 

ABRIDGED BALANCE SHEET (CONSOLIDATED)

 

SOURCES OF FUNDS

 

31.03.2017

31.03.2016

I.      EQUITY AND LIABILITIES

 

 

(1)Shareholders' Funds

 

 

(a) Share Capital

39.200

19.600

(b) Reserves and Surplus

474.010

414.697

(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)

513.210

434.297

 

 

 

(3) Non-Current Liabilities

 

 

(a) long-term borrowings

148.790

91.765

(b) Deferred tax liabilities (Net)

0.000

3.988

(c) Other long-term liabilities

0.000

0.000

(d) long-term provisions

0.000

0.000

Total Non-current Liabilities (3)

148.790

95.753

 

 

 

(4) Current Liabilities

 

 

(a) Short-term borrowings

389.198

372.193

(b) Trade payables

201.958

185.374

(c) Other current liabilities

55.083

31.094

(d) Short-term provisions

10.814

8.028

Total Current Liabilities (4)

657.053

596.689

 

 

 

TOTAL

1319.053

1126.739

 

 

 

II.    ASSETS

 

 

(1) Non-current assets

 

 

(a) Fixed Assets

 

 

(i) Tangible assets

304.929

259.875

(ii) Intangible Assets

2.257

0.643

(iii) Tangible assets capital work-in-progress

48.927

1.293

(iv) Intangible assets under development

0.000

0.000

(b) Non-current Investments

0.000

0.000

(c) Deferred tax assets (net)

0.428

0.000

(d) Long-term loans and advances

6.706

4.681

(e) Other Non-current assets

0.000

0.000

Total Non-Current Assets

363.247

266.492

 

 

 

(2) Current assets

 

 

(a) Current investments

0.000

0.000

(b) Inventories

257.573

225.392

(c) Trade receivables

514.607

572.422

(d) Cash and bank balances

52.138

22.825

(e) Short-term loans and advances

129.000

38.550

(f) Other current assets

2.488

1.058

Total Current Assets

955.806

860.247

 

 

 

TOTAL

1319.053

1126.739

 

 

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

 

 

PARTICULARS

31.03.2017

31.03.2016

 

SALES

 

 

 

Total Revenue from operations

1729.634

1649.331

 

Other Income

44.271

14.526

 

TOTAL

1773.905

1663.857

 

 

 

 

Less

EXPENSES

 

 

 

Cost of Materials Consumed

1308.949

1249.543

 

Purchases of Stock-in-Trade

31.349

14.024

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(1.432)

(6.664)

 

Employee benefit expense

94.346

71.928

 

CSR expenditure

0.067

1.518

 

Other expenses

172.422

145.640

 

TOTAL

1605.701

1475.989

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

168.204

187.868

 

 

 

 

Less

FINANCIAL EXPENSES

38.709

38.655

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

129.495

149.213

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

18.899

13.471

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

110.596

135.742

 

 

 

 

Less

TAX

31.702

48.428

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

78.894

87.314

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

201.26

445.48

 

 

 

 

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

Yes

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

Yes

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

Yes

16

No. of employees

Yes

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

Yes

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

 

 

UNSECURED LOANS:

 

PARTICULARS

31.03.2017

INR In Million

31.03.2016

INR In Million

LONG TERM BORROWINGS

 

 

Loans and advances from related parties

13.100

8.100

 

 

 

Total

13.100

8.100

 

INDEX OF CHARGES

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G33886003

100073391

Bank of Baroda

27/12/2016

-

-

809875000.0

Apple Heritage Building, Chakala,Andheri (East),MumbaiMH400099IN

2

G35401827

100076736

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

16/09/2016

-

-

50000000.0

52/60,M.G.ROAD,FortMumbaiMH400001IN

3

G35401413

100076737

The Hongkong and Shanghai Banking Corporation Limited

16/09/2016

-

-

10000000.0

52/60, Mahatma Gandhi Road,FortMumbaiMH400001IN

4

G17562620

100056396

Citi Bank N.A.

12/08/2016

-

-

70000000.0

First International Financial Centre,9th FloorPlot No. C-54 & 55, BKC, Bandra (E)MumbaiMH400051IN

5

G10249977

100052526

DEUTSCHE BANK AG

31/05/2016

-

-

10000000.0

P.O.BOX NO.9080GOREGAON(EAST)MUMABAIMH400063IN

6

G04744249

100029977

Bank of Baroda

17/05/2016

-

-

2200000.0

ChakalaMumbaiMH400093IN

7

C80319015

10623163

Bank Of Baroda

05/02/2016

-

-

31875000.0

Apple Heritage Building, Chakala,Andheri (East),MumbaiMH400099IN

8

C68887389

10600029

Citi Bank N.A.

27/09/2015

-

-

80000000.0

First International Financial Centre, 9th Floor,Plot No. C-54 & 55, G-Block, BKC, Bandra (E)MumbaiMH400051IN

9

C65102667

10592776

The Hongkong and Shanghai Banking Corporation Limited

17/09/2015

-

-

30000000.0

52/60, Mahatma Gandhi RoadFortMumbaiMH400001IN

10

C63382923

10589663

The Hongkong and Shanghai Banking Corporation Limited

20/08/2015

-

-

15000000.0

52/60, Mahatma Gandhi Road,MumbaiMH400001IN

 

 

CONTINGENT LIABILITIES:

 

a) In respect of pending VAT Assessment for the year 2013-14 to 2016-17, the liabilities of VAT Tax including liabilities for penalty / interest has remained to be ascertained.

b) Outstanding Letter of Credit INR 24.029 million) (Previous Year INR 61.161 million)

c) Matters under Litigations/Appeals Income tax demands (Deposited INR 0.737 million Previous Year INR 0.737 million) INR 1.474 million

 

 

FIXED ASSETS

  • Land
  • Building
  • Furniture and Fixture
  • Computer
  • Plant and Machinery
  • Vehicle
  • Computer Accessories
  • Computer Software

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

INR

US Dollar

1

INR 64.91

UK Pound

1

INR 91.87

Euro

1

INR 80.26

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

MTN

 

 

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

YES

--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)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.