|
|
|
MIRA
INFORM REPORT
|
Report No. : |
500481 |
|
Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALLENGERS MEDICAL SYSTEMS LIMITED |
|
|
|
|
Formerly Known
As : |
ALLENGERS MEDICAL PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No 202, Ansal's Classique Tower, Plot No 1, J - Block, Rajouri
Garden, New Delhi – 110027 |
|
Tel. No.: |
91-11-25166712 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
30.07.1992 |
|
|
|
|
Com. Reg. No.: |
55-154688 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 121.840 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33111DL1992PLC154688 |
|
|
|
|
IEC No.: |
2298000981 |
|
|
|
|
TIN No: |
07746989400 |
|
|
|
|
GSTIN/UIN : |
07AABCA2332H1Z6 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA2332H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and distributor of X-ray machines and other medical
equipments / instruments and their accessories. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 3400000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject was incorporated in the year 1992. It manufacturer of various X-ray machines and other medical equipments / instruments and their accessories. For the financial year 2017, the company has reported decline in its revenue as compared to previous year but managed to maintain decent profit margin of 6.84%. The sound financial risk profile of the company is marked by healthy net worth base along with strong debt coverage indicators due to low debt balance sheet profile. The rating takes into consideration the subject’s long established track record of business operations along with extensive experience of its promoters. However, these rating strengths are partially offset by large working capital requirement and exposure to intense competition from established players in the industry and to fluctuations in foreign exchange rates and unfavourable gap between trade payables and trade receivables. Business is active. Payments seems to be regular. In view of aforesaid, the company can be considered for good 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 = A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
16.12.2016 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
16.12.2016 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 29.03.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
LOCATIONS
|
Registered Office/ Factory 1 : |
Unit No. 202, Ansal’s |
|
Tel. No.: |
91-11-25166712 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Head Office / Corporate Office : |
S.C.O. 212-213-214, Sector
34-A, Chandigarh (U.T.)– 160 022, India |
|
Tel. No.: |
91-172-3012280-84/ 3012287/ 3012285/ 2725695 |
|
Fax No.: |
91-172-2621912/ 2621913 / 2708031 |
|
E-Mail : |
|
|
Area : |
16000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Bankapur, Mubarakpur Road, Derabassi, Mohali – 140507, Punjab, India |
|
Tel. No.: |
91-1762-282253 / 280253 |
|
Fax No.: |
91-1762-285156 |
|
Area : |
45000 Sq. Mtr |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located
at
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Suresh Sharma |
|
Designation : |
Managing Director |
|
Address : |
H. No. 1802, Sector 34 D, Chandigarh – 160022, India |
|
Date of Birth/Age : |
14.10.1957 |
|
Qualification : |
B Tech |
|
Date of Appointment : |
01.04.2014 |
|
PAN No.: |
ACBPS1427Q |
|
DIN No.: |
00128139 |
|
|
|
|
Name : |
Mr. Sanjeev
Kumar Marjara |
|
Designation : |
Whole Time Director |
|
Address : |
Opposite Narankari Bhawan, Sugar Mill Road, Morinda, District Ropar-140101, Punjab, India |
|
Date of Birth/Age : |
30.12.1972 |
|
Qualification : |
B Tech |
|
Date of Appointment : |
01.04.2014 |
|
PAN No.: |
AIUPK2227P |
|
DIN No.: |
00128144 |
|
|
|
|
Name : |
Mr. Rajinder
Singh Kanwar |
|
Designation : |
Whole Time Director |
|
Address : |
Kanwar Complex, Nalagarh Road, Pinjore, Pachkula-134102, Haryana, India |
|
Date of Birth/Age : |
03.09.1966 |
|
Qualification : |
Diploma |
|
Date of Appointment : |
01.04.2014 |
|
PAN No.: |
AKDPK8162C |
|
DIN No.: |
00686742 |
|
|
|
|
Name : |
Mr. Virinder Singh |
|
Designation : |
Director |
|
Address : |
# 1611, Sector 36D, Chandigarh – 160036, India |
|
Date of Birth/Age : |
20.05.1948 |
|
Date of Appointment : |
16.12.2013 |
|
DIN No.: |
01597989 |
|
|
|
|
Name : |
Mr. Gurdial Singh |
|
Designation : |
Director |
|
Address : |
House No. 1052, Sector 22-B, Chandigarh – 160022, India |
|
Date of Birth/Age : |
11.03.1950 |
|
Date of Appointment : |
31.07.2013 |
|
DIN No.: |
06640482 |
|
|
|
|
Name : |
Mr. Vikram Verma |
|
Designation : |
Whole-time Director |
|
Address : |
H. No. 24, Modern Enclave Village Baltana, Tehshil Dera Bassi, District S A S Nagar, Baltana – 140604, Punjab, India |
|
Date of Birth/Age : |
15.02.1977 |
|
PAN No.: |
ACZPV4364R |
|
Qualification : |
Diploma |
|
Date of Appointment : |
10.09.2015 |
|
DIN No.: |
07297536 |
|
|
|
|
Name : |
Ashu Goyal |
|
Designation : |
Wholetime Director |
|
Address : |
Goyal Bhawan, Ward No. 3, Siuri Near Khurana Hospital, Pinjore Panchkula – 134102, Punjab, India |
|
Date of Birth/Age : |
15.10.1976 |
|
PAN No.: |
APSPG3368Q |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
23.11.2016 |
|
DIN No.: |
07670891 |
KEY EXECUTIVES
|
Name : |
Mr. Pardeep Singh Negi |
|
Designation : |
Secretary |
|
Address : |
H. No. 157, Phase 5, Mohali – 160055, Punjab, India |
|
Date of Birth/Age : |
07.01.1985 |
|
Date of Appointment : |
12.01.2009 |
|
PAN No.: |
AHUPN7181L |
|
|
|
|
Name : |
Mr. Rajinder Singh Kanwar |
|
Designation : |
Chief Finance Officer |
|
Address : |
Kanwar Complex, Nalagarh Road, Pinjore, Pachkula-134102, Haryana, India |
|
Date of Birth/Age : |
03.09.1966 |
|
Qualification : |
Diploma |
|
Date of Appointment : |
21.08.2017 |
|
PAN No.: |
AKDPK8162C |
MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
85.37 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
2.03 |
|
Public/Other than promoters [Body corporate] |
12.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and distributor of X-ray machines and other medical
equipments / instruments and their accessories. [Registered Activity] |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Kansal Singla and Associates Chartered Accountants |
|
Address : |
S.C.O. 80-81, 4th Floor, Sector 17 C , Chandigarh – 160017, Punjab, India |
|
PAN No.: |
AAAFK9144R |
|
Email: |
|
|
Web: |
|
|
|
|
|
Secretarial Auditor |
|
|
Name : |
Sanjiv Kumar Goel |
|
Address : |
S.C.O. 154-55, 1st Floor, Sector 17- C , Chandigarh – 160017, Punjab, India |
|
PAN No.: |
ADDPG8988P |
|
Tel No: |
91-172-3058723 |
|
Mob. No: |
91-9815251500 |
|
Email: |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
|
|
|
|
|
Subsidiary company
: |
Allengers South Africa Private Limited, South Africa |
CAPITAL STRUCTURE
AFTER 29.09.2017
Authorised Capital : INR
200.000 Million
Issued, Subscribed & Paid-up Capital : INR 123.196 Million
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12183970 |
Equity Shares |
INR 10/- each |
INR 121.840 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 |
121.840 |
121.840 |
121.840 |
|
(b) Reserves and Surplus |
1065.996 |
904.879 |
693.403 |
|
(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) |
1187.836 |
1026.719 |
815.243 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6.666 |
3.663 |
5.733 |
|
(b) Deferred tax liabilities (Net) |
14.848 |
9.084 |
8.865 |
|
(c) Other long-term
liabilities |
4.640 |
4.798 |
5.202 |
|
(d) long-term provisions |
17.833 |
1.391 |
1.758 |
|
Total Non-current
Liabilities (3) |
43.987 |
18.936 |
21.558 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
57.985 |
77.282 |
240.175 |
|
(b) Trade
payables |
160.234 |
249.311 |
238.709 |
|
(c) Other
current liabilities |
306.991 |
259.891 |
236.361 |
|
(d) Short-term
provisions |
22.118 |
40.539 |
13.208 |
|
Total Current
Liabilities (4) |
547.328 |
627.023 |
728.453 |
|
|
|
|
|
|
TOTAL |
1779.151 |
1672.678 |
1565.254 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
253.623 |
224.174 |
127.640 |
|
(ii)
Intangible Assets |
48.346 |
31.163 |
1.243 |
|
(iii) Tangible assets
capital work-in-progress |
119.147 |
76.490 |
20.367 |
|
(iv)
Intangible assets under development |
26.438 |
5.068 |
0.000 |
|
(b) Non-current Investments |
40.600 |
19.045 |
13.961 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
45.861 |
52.274 |
47.850 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
534.015 |
408.214 |
211.061 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
557.191 |
422.866 |
519.236 |
|
(c) Trade
receivables |
555.404 |
710.854 |
713.845 |
|
(d) Cash and
bank balances |
47.010 |
38.235 |
29.328 |
|
(e)
Short-term loans and advances |
78.865 |
81.832 |
91.784 |
|
(f) Other
current assets |
6.666 |
10.677 |
0.000 |
|
Total
Current Assets |
1245.136 |
1264.464 |
1354.193 |
|
|
|
|
|
|
TOTAL |
1779.151 |
1672.678 |
1565.254 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2678.917 |
2880.321 |
2217.604 |
|
|
Other Income |
14.799 |
14.525 |
4.792 |
|
|
TOTAL |
2693.716 |
2894.846 |
2222.396 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1653.943 |
1693.885 |
1466.234 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(94.343) |
73.569 |
(78.717) |
|
|
Employee benefit expense |
432.996 |
367.247 |
331.320 |
|
|
Other expenses |
415.058 |
383.730 |
327.428 |
|
|
TOTAL |
2407.654 |
2518.431 |
2046.265 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
286.062 |
376.415 |
176.131 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
13.891 |
12.258 |
27.787 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
272.171 |
364.157 |
148.344 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
29.244 |
26.053 |
20.257 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
242.927 |
338.104 |
128.087 |
|
|
|
|
|
|
|
Less |
TAX |
59.813 |
104.631 |
33.161 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
183.114 |
233.473 |
94.926 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Export Earnings |
213.237 |
254.678 |
307.229 |
|
|
Earnings on interest |
2.909 |
3.592 |
3.478 |
|
|
Earnings on other income |
11.890 |
10.933 |
1.314 |
|
|
TOTAL EARNINGS |
228.036 |
269.203 |
312.021 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
769.603 |
585.543 |
540.150 |
|
|
Capital Goods |
14.185 |
0.484 |
0.000 |
|
|
TOTAL IMPORTS |
783.788 |
586.027 |
540.150 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
15.029 |
19.162 |
7.79 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
6.513 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
246.013 |
429.932 |
95.518 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
218.805 |
427.173 |
63.855 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
75.67 |
90.08 |
117.49 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
4.82 |
4.05 |
3.11 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
35.36 |
53.72 |
59.42 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.51 |
0.89 |
0.34 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.64 |
1.12 |
1.18 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
0.31 |
0.38 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.05 |
0.08 |
0.31 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.46 |
0.61 |
0.89 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.38 |
0.33 |
0.18 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
20.59 |
30.71 |
6.34 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
6.84 |
8.11 |
4.28 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
10.29 |
13.96 |
6.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
15.42 |
22.74 |
11.64 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
2.27 |
2.02 |
1.86 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.26 |
1.34 |
1.15 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.67 |
0.61 |
0.52 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.53 |
0.66 |
2.07 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
2.27 |
2.02 |
1.86 |
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 |
121.840 |
121.840 |
121.840 |
|
Reserves & Surplus |
693.403 |
904.879 |
1065.996 |
|
Net
worth |
815.243 |
1026.719 |
1187.836 |
|
|
|
|
|
|
Long-term borrowings |
5.733 |
3.663 |
6.666 |
|
Short term borrowings |
240.175 |
77.282 |
57.985 |
|
Current maturities of
long-term debts |
6.513 |
0.000 |
0.000 |
|
Total
borrowings |
252.421 |
80.945 |
64.651 |
|
Debt/Equity
ratio |
0.310 |
0.079 |
0.054 |
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 |
2217.604 |
2880.321 |
2678.917 |
|
|
|
29.884 |
(6.992) |
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 |
2217.604 |
2880.321 |
2678.917 |
|
Profit/ (Loss) |
94.926 |
233.473 |
183.114 |
|
|
4.28
% |
8.11
% |
6.84
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
121.840 |
121.840 |
|
(b) Reserves and Surplus |
1040.823 |
883.034 |
|
(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) |
1162.663 |
1004.874 |
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
(a) long-term borrowings |
6.666 |
3.663 |
|
(b) Deferred tax liabilities (Net) |
14.848 |
9.084 |
|
(c) Other long-term
liabilities |
4.640 |
4.798 |
|
(d) long-term
provisions |
17.833 |
1.391 |
|
Total Non-current
Liabilities (3) |
43.987 |
18.936 |
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
(a) Short-term
borrowings |
57.985 |
77.282 |
|
(b) Trade
payables |
163.026 |
249.666 |
|
(c) Other
current liabilities |
310.204 |
262.029 |
|
(d) Short-term
provisions |
22.119 |
40.539 |
|
Total Current
Liabilities (4) |
553.334 |
629.516 |
|
|
|
|
|
TOTAL |
1759.984 |
1653.326 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1)
Non-current assets |
|
|
|
(a) Fixed
Assets |
|
|
|
(i)
Tangible assets |
253.977 |
224.662 |
|
(ii)
Intangible Assets |
51.471 |
34.289 |
|
(iii) Tangible assets
capital work-in-progress |
119.147 |
76.490 |
|
(iv)
Intangible assets under development |
26.438 |
5.068 |
|
(b) Non-current Investments |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
45.861 |
52.274 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
|
Total Non-Current
Assets |
496.894 |
392.783 |
|
|
|
|
|
(2)
Current assets |
|
|
|
(a)
Current investments |
0.000 |
0.000 |
|
(b)
Inventories |
564.341 |
427.153 |
|
(c) Trade
receivables |
558.632 |
697.279 |
|
(d) Cash and
bank balances |
52.445 |
40.349 |
|
(e)
Short-term loans and advances |
81.006 |
85.082 |
|
(f) Other
current assets |
6.666 |
10.680 |
|
Total
Current Assets |
1263.090 |
1260.543 |
|
|
|
|
|
TOTAL |
1759.984 |
1653.326 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
Total
Revenue from operations |
2688.939 |
2886.377 |
|
|
Other Income |
16.285 |
15.411 |
|
|
TOTAL |
2705.224 |
2901.788 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
1660.260 |
1696.789 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(97.204) |
80.608 |
|
|
Employee benefit expense |
436.359 |
368.505 |
|
|
Other expenses |
420.716 |
391.335 |
|
|
TOTAL |
2420.131 |
2537.237 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
285.093 |
364.551 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
13.892 |
12.258 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
271.201 |
352.293 |
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
29.387 |
26.203 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
241.814 |
326.090 |
|
|
|
|
|
|
Less |
TAX |
59.813 |
104.631 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
182.001 |
221.459 |
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
F.O.B. Value of Exports |
366.152 |
351.833 |
|
|
TOTAL EARNINGS |
366.152 |
351.833 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
14.938 |
18.176 |
CASE
FILE
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from “SCO 71, Sector 20-C, Chandigarh – 160020, India” to the present address w.e.f. 11.09.2006
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Other loans and advances |
6.666 |
3.663 |
|
|
|
|
|
Total |
6.666 |
3.663 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G43175496 |
100095606 |
HDFC BANK LIMITED |
17/03/2017 |
- |
- |
550000.0 |
BAPAT MARGLOWER PAREL (WEST) MUMBAI MH400013IN |
|
2 |
G34036079 |
100073641 |
HDFC BANK LIMITED |
06/12/2016 |
- |
- |
4000000.0 |
BAPAT MARGLOWER PAREL (WEST) MUMBAI MH400013IN |
|
3 |
C37804580 |
10538188 |
VOLKSWAGEN FINANCE PRIVATE LIMITED |
16/12/2014 |
- |
- |
650000.0 |
3RD FLOOR, WING - A, SILVER UTOPIACARDINAL GRACIOUS ROAD, CHAKALA, ANDHERI MUMBAI MH400099IN |
|
4 |
C29555828 |
10525708 |
HDFC BANK LIMITED |
30/09/2014 |
- |
- |
2132500.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL WMUMBAIMH400013IN |
|
5 |
C15510860 |
10513604 |
HDFC BANK LIMITED |
13/05/2014 |
- |
- |
50000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
6 |
C04606653 |
10494939 |
HDFC BANK LIMITED |
03/05/2014 |
- |
- |
3070000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
7 |
C01170208 |
10486952 |
HDFC BANK LIMITED |
21/03/2014 |
- |
- |
2294000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
8 |
B88773148 |
10458184 |
ICICI BANK LIMITED |
25/09/2013 |
- |
- |
3025000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GJ390015IN |
|
9 |
B78750312 |
10434859 |
HDFC BANK LIMITED |
28/06/2013 |
- |
- |
1130000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
10 |
B75143289 |
10425749 |
HDFC BANK LIMITED |
17/04/2013 |
- |
- |
900000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL W MUMBAI MH400013IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering
& Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with Government
:
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
MTN |
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.