|
|
|
MIRA
INFORM REPORT
|
Report No. : |
500242 |
|
Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
DHUNSERI INVESTMENTS LIMITED |
|
|
|
|
Registered
Office : |
Dhaunseri House, 4A Woodburn Park, Kolkata - 700020, West Bengal |
|
Tel. No.: |
91-33-22801950 (5 lines) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
04.02.1997 |
|
|
|
|
Com. Reg. No.: |
21-082808 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 60.972 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L15491WB1997PLC082808 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject carries on the business of Investing in Share and Securities. [Registered Activity] |
|
|
|
|
No. of Employees
: |
03 [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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 7544000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1997. For the financial year 2017, the revenue of the company has decreased by 54.20% but has managed to maintain decent profit margin of 86.71%. The healthy financial profile of the company is marked by strong networth base along with strong debt coverage indicators due to debt free 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. The company has its share price trading at around INR 385.00 against the Face Value (FV) of INR 10 on BSE as on 27th March, 2018. As per the unaudited quarterly financials of December 2017, the company has achieved revenue of INR 39.839 million and has reported profit margin of 72.98%. However, rating gets constrained on account of drastic declined in its revenue. Business is active. Payment seems to be usually correct. 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
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 DECLINED
MANAGEMENT NON-COOOPERATIVE [TEL. NO.: 91-33-22801952]
LOCATIONS
|
Registered/ Corporate Office : |
Dhaunseri House, 4A Woodburn Park, Kolkata - 700020, West Bengal,
India |
|
Tel. No.: |
91-33-22801950 (5 lines)/ 22801952 |
|
Fax No.: |
91-22-22878350/8995 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Mrigank Dhanuka |
|
Designation : |
Director |
|
Address : |
14b, Dr. U.N. Brahmachary Street (Formerly 14, Loudon Street), Kolkata - 700017, |
|
Date of Birth: |
12.08.1980 |
|
Qualification: |
B.Com (Hons) |
|
Date of Appointment : |
27.11.2009 |
|
DIN No.: |
00005666 |
|
|
|
|
Name : |
Mrs. Aruna Dhanuka |
|
Designation : |
Managing Director |
|
Address : |
14b,Dr. U.N. Brahmachary Street (Formerly 14, Loudon Street Kolkata 700017, West Bengal, India |
|
Date of Appointment : |
24.01.2001 |
|
DIN No.: |
00005677 |
|
|
|
|
Name : |
Mr. Chandra Kumar Dhanuka |
|
Designation : |
Director |
|
Address : |
14b, Dr. U.N.Brahmachary Street (Formerly 14, Loudon Street), Kolkata - 700017, West Bengal, India |
|
Date of Appointment : |
20.09.2010 |
|
DIN No.: |
00005684 |
|
|
|
|
Name : |
Mr. Purushottam Jagannath Bhide |
|
Designation : |
Director |
|
Address : |
P-390, Keyatolla Lane, Kolkata - 700029, West Bengal, India |
|
Date of Appointment : |
09.01.2015 |
|
DIN No.: |
00012326 |
|
|
|
|
Name : |
Mr. Ramesh Kumar Chandak |
|
Designation : |
Director |
|
Address : |
6d, Avenue House Of 107, Southern Avenue Kolkata - 700029, West Bengal, India |
|
Date of Birth: |
03.11.1964 |
|
Qualification: |
B.Com (Hons), FCA |
|
Date of Appointment : |
03.11.2016 |
|
DIN No.: |
00029465 |
|
|
|
|
Name : |
Mr. Amit Gupta |
|
Designation : |
Director |
|
Address : |
Hiland Sapphire, Apartment G/1a, 13/2 Ballygunge Park Road, Kolkata - 700019, West Bengal, India |
|
Date of Appointment : |
29.09.2015 |
|
DIN No.: |
00171973 |
|
|
|
|
Name : |
Mr. Brijesh Kumar Biyani |
|
Designation : |
Director |
|
Address : |
Manikaran Building, Flat No. 10w 3b, Ram Mohan Mullick Gardan Lane Kolkata - 700010, West Bengal, India |
|
Date of Appointment : |
27.11.2009 |
|
DIN No.: |
00279328 |
|
|
|
|
Name : |
Mr. Rajyavardhan Kejriwal |
|
Designation : |
Director |
|
Address : |
Rajanigandha 25, Ballygunge Park, Kolkata - 700019, West Bengal, India |
|
Date of Birth: |
05.09.1959 |
|
Qualification: |
B.Com (Hons) |
|
Date of Appointment : |
10.08.2016 |
|
DIN No.: |
00449842 |
KEY EXECUTIVES
|
Name : |
Mrs. Aruna Dhanuka |
|
Designation : |
CEO |
|
Address : |
14b,Dr. U.N.Brahmachary Street (Formerly 14, Loudon Street, Kolkata - 700017, West Bengal, India |
|
Date of Appointment : |
27.05.2016 |
|
PAN No.: |
ADQPD2489R |
|
|
|
|
Name : |
Mr. Pawan Kumar Lath |
|
Designation : |
CFO |
|
Address : |
493/B/1, G.T. Road, (South) B-601, Panchsheel Apartment, Shibpur, Ho Wrah, Howrah - 711102, West Bengal, India |
|
Date of Appointment : |
01.10.2014 |
|
PAN No.: |
AAYPL5484H |
|
|
|
|
Name : |
Mrs. Aditi Dhanuka |
|
Designation : |
Company Secretary |
|
Address : |
56, Konnagar, Adarsh Nagar P.S. Uttarpara, P.O. Barabehera, Kolkata - 712246, West Bengal, India |
|
Date of Appointment : |
09.09.2014 |
|
PAN No.: |
BWSPD9630E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.12.2017
|
Category of
Shareholders |
No. of Shares |
Shareholding as a % of total no. of shares (calculated as per SCRR,
1957)As a % of (A+B+C2) |
|
(A) Promoter & Promoter Group |
4569999 |
25.05 |
|
(B) Public |
1527179 |
25.05 |
|
|
|
|
|
Total |
6097178 |
100.00 |
Statement showing
shareholding pattern of the Promoter and Promoter Group
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
||
|
Individuals/Hindu
undivided Family |
454319 |
7.45 |
|
|
CHANDRA KUMAR
DHANUKA KARTA OF SHANKARLAL CHANDRA KUMAR HUF |
200125 |
3.28 |
|
|
MRIGANK DHANUKA |
68205 |
1.12 |
|
|
ARUNA DHANUKA |
46262 |
0.76 |
|
|
MRIGANK DHANUKA
C/O AMAN DHANUKA TRUST |
35000 |
0.57 |
|
|
MRIGANK DHANUKA
C/O AYAAN DHANUKA TRUST |
35000 |
0.57 |
|
|
CHANDRA KUMAR
DHANUKA |
27762 |
0.46 |
|
|
CHANDRA KUMAR
DHANUKA C/0 shree shaligram trust |
23500 |
0.39 |
|
|
TARULIKA KHAITAN
C/O TARUGREVE TRUST |
10000 |
0.16 |
|
|
TARULIKA KHAITAN |
6000 |
0.10 |
|
|
CHANDRA KUMAR
DHANUKA C/O SEW BHAGWAN & SONS |
2465 |
0.04 |
|
|
Any Other (specify) |
4115680 |
67.50 |
|
|
MINT INVESTMENTS
LTD |
2753704 |
45.16 |
|
|
NAGA DHUNSERI
GROUP LTD |
1316476 |
21.59 |
|
|
MADHUTING TEA
PRIVATE LTD |
45500 |
0.75 |
|
|
Sub Total A1 |
4569999 |
74.95 |
|
|
A2) Foreign |
0.00 |
||
|
A=A1+A2 |
4569999 |
74.95 |
Statement showing
shareholding pattern of the Public shareholder
|
Category & Name of the Shareholders |
No. of fully paid up equity shares held |
Shareholding % calculated as per SCRR, 1957
As a % of (A+B+C2) |
|
|
|||
|
|||
|
|||
|
B1) Institutions |
0 |
0.00 |
|
|
Mutual Funds/ |
600 |
0.01 |
|
|
Financial
Institutions/ Banks |
2231 |
0.04 |
|
|
Sub Total B1 |
2831 |
0.05 |
|
|
B2) Central
Government/ State Government(s)/ President of India |
0 |
0.00 |
|
|
Central
Government/ State Government(s)/ President of India |
87 |
0.00 |
|
|
Sub Total B2 |
87 |
0.00 |
|
|
B3)
Non-Institutions |
0 |
0.00 |
|
|
Individual share
capital upto INR 0.200 Million |
973836 |
15.97 |
|
|
Individual share
capital in excess of INR 0.200 Million |
200309 |
3.29 |
|
|
HITESH RAMJI
JAVERI |
108580 |
1.78 |
|
|
NBFCs registered
with RBI |
1155 |
0.02 |
|
|
Any Other
(specify) |
348961 |
5.72 |
|
|
INVESTOR EDUCATION
AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS |
73247 |
1.20 |
|
|
GREENPLY LEASING
& FINANCE PVT LTD |
106490 |
1.75 |
|
|
NRI |
13355 |
0.22 |
|
|
Trusts |
3536 |
0.06 |
|
|
Foreign
Individuals |
560 |
0.01 |
|
|
Clearing Members |
44036 |
0.72 |
|
|
Sub Total B3 |
1524261 |
25.00 |
|
|
B=B1+B2+B3 |
1527179 |
25.05 |
BUSINESS DETAILS
|
Line of Business : |
Subject carries on the business of Investing in Shares and Securities. [Registered Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||
|
Customers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
No. of Employees : |
03 [Approximately] |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
· State Bank of India · HDFC Bank Limited · ICICI Bank Limited |
|
Auditors : |
|
|
Name : |
Dhandhania and Associates Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company: |
Dhunseri Petrochem Limited |
|
|
|
|
Associate Company: |
Dhunseri Tea and Industries Limited |
|
|
|
|
Group Companies: |
· Mint Investments Limited · Naga Dhunseri Group Limited · Trimplex Investments Limited · Dhunsri Overseas Private Limited |
|
|
|
|
Firm over which directors are able to exercise significant influence |
Sewbhagwan and Sons |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10905448 |
Equity Shares |
INR 10/- each |
INR 109.054 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6097178 |
Equity Shares |
INR 10/- each |
INR 60.972 Million |
|
|
|
|
|
During the period of five years immediately preceding the data of the balance sheet, the company has allotted on 31.08.2015, 625000 equity shares of INR 10/- each fully paid up to the shareholders of plently Vallery Intra Limited, pursuant to the scheme of arrangement sanctioned by the Hon’ble High Court at Calcutta by an order dated 29.07.2015, without payment being received in cash. As per the scheme 383270 equity shares of the company held by PVIL aggregating to INR 3832700 have been extinguished.
Term/rights attached to equity shares
The company has one class of equity share having a per value of INR 10/- per share. Each holder of equity shares is entitled to be vote per share held and dividend proposed by the board of directors subject to the approval of shareholders in the annual general meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company, after distribution of all preferential amounts, in proportion to their shareholding
Reconciliation of number of shares
|
Particulars |
31.03.2017 |
|
Number of share at the beginning |
|
|
Add: Share issued during the year |
6097178 |
|
Number of shares at the closing |
0.000 |
|
|
6097178 |
Details of shareholder holding more than 5% share
|
Particulars |
31.03.2017 |
|
|
|
No. of shares |
INR in Million |
|
Mint Investments Limited |
2753704 |
45.16% |
|
Naga Dhunseri Group Limited |
1316476 |
21.59% |
The company does not have any holding or ultimate holding company
No calls are unpaid by any director or officer of the company doting the year
No securities convertible into equity/preference shares have been issued during the year.
The board of directors in its meeting on May 29, 2017 has proposed a final dividend of INR 1.50 per equity share for the financial year ended March 31, 2017 subject to the approval of the shareholders at the ensuing annual general meeting and if approved would result in a cash outflow of INR 9.164 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 |
60.972 |
60.972 |
60.972 |
|
(b) Reserves & Surplus |
2579.592 |
2449.344 |
2225.267 |
|
(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) |
2640.564 |
2510.316 |
2286.239 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.716 |
0.698 |
0.751 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
42.223 |
42.391 |
0.672 |
|
Total
Non-current Liabilities (3) |
42.939 |
43.089 |
1.423 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
4.948 |
9.239 |
0.016 |
|
(c)
Other current liabilities |
2.484 |
1.487 |
0.998 |
|
(d)
Short-term provisions |
0.002 |
11.017 |
53.118 |
|
Total
Current Liabilities (4) |
7.434 |
21.743 |
54.132 |
|
|
|
|
|
|
TOTAL |
2690.937 |
2575.148 |
2341.794 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
12.184 |
13.771 |
15.136 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
2532.993 |
2408.060 |
2143.507 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
115.121 |
109.299 |
6.521 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2660.298 |
2531.130 |
2165.164 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
22.469 |
25.409 |
66.600 |
|
(b)
Inventories |
0.000 |
0.000 |
62.683 |
|
(c)
Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d)
Cash and cash equivalents |
5.559 |
13.884 |
5.942 |
|
(e)
Short-term loans and advances |
1.985 |
3.550 |
40.275 |
|
(f)
Other current assets |
0.626 |
1.175 |
1.130 |
|
Total
Current Assets |
30.639 |
44.018 |
176.630 |
|
|
|
|
|
|
TOTAL |
2690.937 |
2575.148 |
2341.794 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
148.071 |
323.275 |
366.452 |
|
|
|
Other Income |
0.112 |
0.147 |
0.395 |
|
|
|
TOTAL |
148.183 |
323.422 |
366.847 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
0.000 |
53.854 |
134.362 |
|
|
|
Changes in inventories of shares and securities |
0.000 |
62.683 |
(45.607) |
|
|
|
Employees benefits expense |
2.450 |
2.480 |
6.639 |
|
|
|
Exceptional Items |
0.000 |
0.000 |
7.568 |
|
|
|
Other expenses |
10.976 |
16.150 |
10.728 |
|
|
|
TOTAL |
13.426 |
135.167 |
113.690 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
134.757 |
188.255 |
253.157 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
134.757 |
188.255 |
253.157 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.312 |
1.365 |
1.460 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
133.445 |
186.890 |
251.697 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.059 |
14.940 |
42.257 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
128.386 |
171.950 |
209.440 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
21.06 |
28.20 |
34.35 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
(15.644) |
63.194 |
(47.336) |
|
|
|
|
|
|
Net Cash flow from Operating Activities |
(23.620) |
44.849 |
(89.047) |
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2017 |
30.09.2017 |
31.12.2017 |
|
Type |
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
|
Net Sales |
(0.210) |
96.420 |
39.840 |
|
Total Expenditure |
4.210 |
2.680 |
2.450 |
|
PBIDT (Excl OI) |
(4.420) |
93.740 |
37.390 |
|
Other Income |
0.000 |
0.000 |
0.000 |
|
Operating Profit |
(4.420) |
93.740 |
37.390 |
|
Interest |
0.000 |
0.000 |
0.000 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
PBDT |
(4.420) |
93.740 |
37.390 |
|
Depreciation |
0.300 |
0.300 |
0.300 |
|
Profit Before Tax |
(4.720) |
93.440 |
37.090 |
|
Tax |
0.000 |
5.000 |
8.000 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
(4.720) |
88.440 |
29.080 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
|
Net Profit |
(4.720) |
88.440 |
29.080 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
62.62 |
0.04 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
4.04 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
11.06 |
13.67 |
16.73 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.00 |
0.01 |
0.02 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.00 |
0.01 |
0.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.01 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
86.71 |
53.19 |
57.15 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.77 |
6.68 |
8.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.86 |
6.85 |
9.16 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.12 |
2.02 |
3.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
4.12 |
2.02 |
2.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.98 |
0.97 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.12 |
2.02 |
3.26 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10/- |
|
|
|
|
Market Value |
INR 385.00/- |
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 |
60.972 |
60.972 |
60.972 |
|
Reserves & Surplus |
2225.267 |
2449.344 |
2579.592 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2286.239 |
2510.316 |
2640.564 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
366.452 |
323.275 |
148.071 |
|
|
|
(11.782) |
(54.197) |
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 |
366.452 |
323.275 |
148.071 |
|
Profit |
209.440 |
171.950 |
128.386 |
|
|
57.15% |
53.19% |
86.71% |
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 |
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 |
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 |
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 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
COMPANY OVERVIEW
The company having its registered office at “Dhunseri House”, 4A
Woodbhum Park, Kolkata - 700020 carries on the business of investing in share
and securities and is registered as a non-banking financial company with the
reserve bank of india, having registration no. N.05.06909.
OPERATIONS
The income of the company during the year comprised of dividend income,
profit on sale of investments in shares and securities and lease rental income
STATEMENT
OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st
DECEMBER 2017
(INR IN MILLION)
|
Particulars |
Quarter
Ended |
Nine
Months Ended |
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
Unaudited |
Unaudited |
Unaudited |
|
|
Income from Operations |
|
|
|
|
a) Net Sales / Income
from Operations |
39.839 |
96.418 |
141.595 |
|
b) Other Income |
0.000 |
0.004 |
0.000 |
|
Total Income from
Operations (net) |
39.839 |
96.422 |
141.595 |
|
|
|
|
|
|
Expenditure |
|
|
|
|
a) Employee benefits expense |
0.586 |
0.521 |
1.527 |
|
b) Depreciation and amortisation
expenses |
0.304 |
0.303 |
0.911 |
|
c) Other expenses |
1.871 |
2.157 |
7.813 |
|
Total Expenses |
2.761 |
2.981 |
10.251 |
|
|
|
|
|
|
Profit Before Tax |
37.078 |
93.441 |
125.803 |
|
|
|
|
|
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Profit before extraordinary items and tax |
37.078 |
93.441 |
125.803 |
|
|
|
|
|
|
Extraordinary items |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Profit Before Tax |
37.078 |
93.441 |
125.803 |
|
|
|
|
|
|
Tax Expenses |
|
|
|
|
Current
Tax |
8.000 |
5.000 |
13.000 |
|
Deferred
Tax |
0.000 |
0.000 |
0.000 |
|
Total Tax Expenses |
8.000 |
5.000 |
13.000 |
|
|
|
|
|
|
Profit After Tax |
29.078 |
88.441 |
112.803 |
|
|
|
|
|
|
Paid-up equity share capital (Face Value of INR 10 per share) |
60.972 |
60.972 |
60.972 |
|
|
|
|
|
|
Reserves excluding revaluation reserve |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Basic and Diluted Earning
per share |
4.76 |
14.51 |
18.50 |
NOTES:
1. The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 8th February, 2018.
2. Nature of capital market in which the Company operates is such that the
quarterly result do not indicate the likely annual performance.
3. The Statutory Auditors have carried out a Limited Review of the financial
results for the Quarter and Nine months ended 31st December, 2017.
4. The Company is primarily engaged in the business of Investment in Shares and
Securities and as such no separate information is required to be furnished in
terms of Accounting Standard -17, Segment Reporting prescribed under Section
133 of The Companies Act,2013.
5. Previous period figures have been regrouped, re-arranged and re-classified
wherever necessary in order to make them comparable.
EXTRACT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND
NINE MONTHS ENDED 31ST DECEMBER 2017
|
Particulars |
Quarter
Ended |
Nine
Months Ended |
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
Unaudited |
Unaudited |
Unaudited |
|
|
Total Income from operations |
39.839 |
(2.471) |
136.054 |
|
Net profit /I loss) for the period (before tax, exceptional and /or extraordinary items) |
37.078 |
(4.946) |
125.803 |
|
Net profit /I loss) for the period before tax (exceptional and /or extraordinary items) |
37.078 |
(4.946) |
125.803 |
|
Net profit /I loss) for the period after tax (exceptional and /or extraordinary items) |
29.078 |
(3.222) |
112.803 |
|
Equity share capital |
60.972 |
60.972 |
60.972 |
|
Reserve (excluding revaluation reserve) as shown in the balance sheet of previous year |
0.000 |
0.000 |
0.000 |
|
Earning per share (before extraordinary items) (of INR 10/-
each) |
|
|
|
|
Basic |
4.76 |
(0.53) |
18.50 |
|
Diluted |
4.76 |
(0.53) |
18.50 |
|
|
|
|
|
|
Earning per share (after extraordinary items) (of INR 10/- each) |
|
|
|
|
Basic |
4.76 |
(0.53) |
18.50 |
|
Diluted |
4.76 |
(0.53) |
18.50 |
NOTE: The above is an extract of the details format of financial results for the quarter and nine months ended 31.12.2017 filed with the stock exchange under regulation 33 of the SEBI (listing and other disclosure requirement) Regulations, 2015. The full format of the financial results for the quarter and nine months ended are available on the stock exchange.
FIXED ASSETS:
· Lease Hold Lan
· Buildings
· Plant and Machinery
· Electrical Installation
· Furniture and Fixture
· Computer Data System
· 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 64.80 |
|
UK Pound |
1 |
INR 92.26 |
|
Euro |
1 |
INR 80.76 |
INFORMATION
DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
YES |
|
--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 opera tions 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.