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|
MIRA INFORM REPORT
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Report No. : |
500195 |
|
Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
E-ZEST SOLUTIONS LIMITED [w.e.f. 18.05.2007] |
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|
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Formerly Known
As : |
E-ZEST SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
2nd Floor, Anand Nilay Business Center, Karve Road, Kothrud,
Pune-411029, Maharashtra |
|
Tel. No.: |
91-20-25459802 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
08.08.2000 |
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Com. Reg. No.: |
11-144013 |
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Capital
Investment / Paid-up Capital : |
INR 144.926
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72100PN2000PLC144013 |
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IEC No.: |
Not Divulged |
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GST No.: |
27AAACE7998Q1ZK |
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TIN No.: |
27430008102 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACE7998Q |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in business of Software Development and IT enabled services. [Registered Activity] |
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No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject
was incorporated in the year 2000 and it is engaged in design and development
services of software applications including customized and packaged software. As per
financials of March 2017, the company has registered a growth at 44.13% in
its revenue as compared to its previous year’s revenue and has reported good
profit margin of 6.15%. Rating
takes into consideration the company’s established track record of business
operations marked by sound net worth base along with strong debt coverage
indicators and decent liquidity position. Further, the
company has reported earnings per share of INR 3.46 against its face value of
INR 10. Payments
terms seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 28.03.2018.
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-COOPERATIVE
[Contact No: 91-20-25459802/ 8055839378]
LOCATIONS
|
Registered Office : |
2nd Floor, Anand Nilay Business Center, Karve Road, Kothrud,
Pune-411029, Maharashtra, India |
|
Tel. No.: |
91-20-25459802 |
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Mobile No.: |
91-8055839378 [Office] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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|
Digital Innovation Center : |
3rd Floor, Building IT-09, Qubix
Business Park - SEZ Blueridge, Rajiv Gandhi Infotech Park, Hinjawadi Phase-1,
Pune-411057, Maharashtra, India |
|
|
|
|
Branch Office : |
B-103, Pushpvinod, Near
McDonald's, S.V. Road, Borivali (W), Mumbai-400 092, Maharashtra,
India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Devendra Baburao Deshmukh |
|
Designation : |
Managing Director |
|
Address : |
S/No. 124/3a/2, Flat No. D/703, Sigma One Behind Mit College, Kothrud, Pune-411038, Maharashtra, India |
|
Date of Birth/Age : |
24.01.1977 |
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Qualification : |
Bachelor of Engineering |
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Date of Appointment : |
08.08.2000 |
|
PAN No.: |
AGZPD8902B |
|
DIN No.: |
00377971 |
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|
|
|
Name : |
Mr. Bharat Gulabchand Mehta |
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Designation : |
Director |
|
Address : |
Rallies Plot, Amravati, Amravati-444601, Maharashtra, India |
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Date of Birth/Age : |
21.03.1969 |
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Qualification : |
Bcom |
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Date of Appointment : |
31.03.2015 |
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PAN No.: |
AAWPM2483P |
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DIN No.: |
01226861 |
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|
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Name : |
Mr. Amol Ramesh Pande |
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Designation : |
Wholetime Director |
|
Address : |
D-503, Kapil Abhijat, Dahanukar Colony, Kothrud, Pune-411029, Maharashtra, India |
|
Date of Birth/Age : |
28.06.1967 |
|
Qualification : |
Bachelor of Engineering |
|
Date of Appointment : |
08.08.2000 |
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PAN No.: |
AKQPP9427N |
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DIN No.: |
01416538 |
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|
|
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Name : |
Mr. Kamal Poddar |
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Designation : |
Director |
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Address : |
Flat No 1902 Ivy Nahars Amrit Shakti, Chandivali, Mumbai-400072, Maharashtra, India |
|
Date of Birth/Age : |
25.01.1979 |
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Qualification : |
Charetered Accountant |
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Date of Appointment : |
30.09.2016 |
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DIN No.: |
01518700 |
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|
|
|
Name : |
Mr. Sunil Madhukarrao Dane |
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Designation : |
Wholetime Director |
|
Address : |
Flat No. 503/A, Sigma One Sno. 124/3a/2, Paud Road Bh Mit College, Kothrud, Pune-411038, Maharashtra, India |
|
Date of Birth/Age : |
09.08.1973 |
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Qualification : |
Bachelor of Engineering |
|
Date of Appointment : |
02.11.2009 |
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PAN No.: |
AEDPD6580P |
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DIN No.: |
02794730 |
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|
|
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Name : |
Mr. Baburao Wamanrao Deshmukh |
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Designation : |
Director |
|
Address : |
D-703, Sigma One, Behind MIT, Paud Road, Kothrud, Pune-411038, Maharashtra, India |
|
Date of Birth/Age : |
16.09.1949 |
|
Qualification : |
SSC |
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Date of Appointment : |
31.03.2015 |
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PAN No.: |
AAVPD7229H |
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DIN No.: |
07143654 |
KEY EXECUTIVES
|
Name : |
Mr. Vaibhav Manawendra Dixit |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 27, 4th Floor, Bldg. No. 6, Ganesh Baug Manik
Baug, Sinhagad Road, Pune-411041, Maharashtra, India |
|
Date of Birth/Age : |
27.09.1988 |
|
Qualification : |
CS |
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Date of Appointment : |
12.05.2014 |
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PAN No.: |
BEAPD1382K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
Note: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 22.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
60.57 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
39.43 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of Software Development and IT enabled services. [Registered Activity] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
·
Volkswagen ·
Accenture ·
Hitachi ·
NTT Data ·
Reliance
Industries ·
Navistar ·
Emerson
Engineering ·
Essar Oil, etc. |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
· Punjab National Bank Deccan Gymkhana Branch, Pune - 411004, Maharashtra, India · Standard Chartered Bank Sme Credit, Crescenzo, 3a/F, Plot No. C-38 & 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai - 400051, Maharashtra, India |
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Facilities : |
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Financial Institutions : |
· Aditya Birla Finance Limited Indian Rayon Compound, Veraval-362266, Gujarat, India ·
Kotak Mahindra Prime Limited |
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Auditors : |
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Name : |
R R Bajaj and Associates Chartered Accountants |
|
Address : |
A-8, Narayan Plaza, 26/A, Chandivali Road, Off. Saki Vihar Road, Andheri East, Mumbai-400072, Maharashtra, India |
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PAN No.: |
AATFR3838G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary
Companies : |
· E-zest Solutions Gmbh · E-zest Solutions INC |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26000000 |
Equity Shares |
INR 10/- each |
INR 260.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14492578 |
Equity Shares |
INR 10/- each |
INR 144.926
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
144.926 |
144.926 |
144.926 |
|
(b) Reserves and Surplus |
155.966 |
105.880 |
85.173 |
|
(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) |
300.892 |
250.806 |
230.099 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
45.763 |
30.696 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
13.609 |
3.097 |
6.033 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
21.890 |
14.512 |
11.993 |
|
Total Non-current
Liabilities (3) |
81.262 |
48.305 |
18.026 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
90.000 |
90.000 |
74.126 |
|
(b) Trade
payables |
44.513 |
14.171 |
10.190 |
|
(c) Other current
liabilities |
47.041 |
15.021 |
5.501 |
|
(d) Short-term
provisions |
0.518 |
0.350 |
0.305 |
|
Total Current
Liabilities (4) |
182.072 |
119.542 |
90.122 |
|
|
|
|
|
|
TOTAL |
564.226 |
418.653 |
338.247 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
106.993 |
80.579 |
50.793 |
|
(ii)
Intangible Assets |
85.608 |
3.956 |
8.635 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.853 |
106.318 |
0.000 |
|
(b) Non-current Investments |
51.745 |
19.489 |
18.989 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
32.104 |
19.721 |
58.311 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
277.303 |
230.063 |
136.728 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
4.899 |
8.577 |
55.237 |
|
(c) Trade receivables |
175.610 |
142.410 |
94.262 |
|
(d) Cash and
bank balances |
96.188 |
31.191 |
34.263 |
|
(e)
Short-term loans and advances |
9.745 |
6.003 |
5.783 |
|
(f) Other
current assets |
0.481 |
0.409 |
11.974 |
|
Total
Current Assets |
286.923 |
188.590 |
201.519 |
|
|
|
|
|
|
TOTAL |
564.226 |
418.653 |
338.247 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
814.610 |
565.197 |
440.593 |
|
|
Other Income |
1.238 |
13.104 |
3.886 |
|
|
TOTAL |
815.848 |
578.301 |
444.479 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.679 |
9.654 |
(28.714) |
|
|
Employee benefit expense |
380.583 |
303.905 |
273.182 |
|
|
Other expenses |
308.977 |
202.866 |
130.133 |
|
|
TOTAL |
693.239 |
516.425 |
374.601 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
122.609 |
61.876 |
69.878 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
9.234 |
12.203 |
8.698 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
113.375 |
49.673 |
61.180 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
37.536 |
15.176 |
21.022 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
75.839 |
34.497 |
40.158 |
|
|
|
|
|
|
|
Less |
TAX |
25.753 |
13.791 |
10.411 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
50.086 |
20.706 |
29.747 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.592 |
0.409 |
0.000 |
|
|
TOTAL EARNINGS |
0.592 |
0.409 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.46 |
1.43 |
2.05 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
11.933 |
6.565 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
148.736 |
26.438 |
10.770 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
134.381 |
13.838 |
(5.941) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
78.69 |
91.97 |
78.09 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.64 |
3.97 |
4.67 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
25.03 |
7.21 |
1.27 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.63 |
0.32 |
1.18 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.42 |
0.37 |
0.27 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.49 |
0.51 |
0.32 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.61 |
0.48 |
0.39 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.64 |
0.76 |
0.26 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
13.28 |
5.07 |
8.03 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.15 |
3.66 |
6.75 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.88 |
4.95 |
8.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.65 |
8.26 |
12.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.58 |
1.58 |
2.24 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.55 |
1.51 |
1.62 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.53 |
0.60 |
0.68 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.02 |
0.88 |
0.51 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.58 |
1.58 |
2.24 |
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 |
144.926 |
144.926 |
144.926 |
|
Reserves & Surplus |
85.173 |
105.880 |
155.966 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
230.099 |
250.806 |
300.892 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
30.695 |
45.762 |
|
Short term borrowings |
74.125 |
90.000 |
90.000 |
|
Current maturities of
long-term debts |
0.000 |
6.565 |
11.933 |
|
Total
borrowings |
74.125 |
127.260 |
147.695 |
|
Debt/Equity
ratio |
0.322 |
0.507 |
0.491 |
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 |
440.593 |
565.197 |
814.610 |
|
|
|
28.281 |
44.129 |
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 |
440.593 |
565.197 |
814.610 |
|
Profit/ (Loss) |
29.747 |
20.706 |
50.086 |
|
|
6.75
% |
3.66
% |
6.15
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
144.926 |
144.926 |
|
(b) Reserves and Surplus |
|
118.564 |
65.401 |
|
(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) |
|
263.490 |
210.327 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
64.594 |
30.696 |
|
(b) Deferred tax liabilities (Net) |
|
13.609 |
3.097 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
22.276 |
14.512 |
|
Total Non-current
Liabilities (3) |
|
100.479 |
48.305 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
90.000 |
90.000 |
|
(b) Trade
payables |
|
28.612 |
19.731 |
|
(c) Other
current liabilities |
|
47.162 |
15.185 |
|
(d) Short-term
provisions |
|
0.519 |
0.350 |
|
Total Current
Liabilities (4) |
|
166.293 |
125.266 |
|
|
|
|
|
|
TOTAL |
|
530.262 |
383.898 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
106.993 |
80.579 |
|
(ii)
Intangible Assets |
|
85.608 |
3.956 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.853 |
106.318 |
|
(b) Non-current Investments |
|
28.805 |
8.505 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
14.135 |
10.189 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
236.394 |
209.547 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
4.899 |
8.577 |
|
(c) Trade
receivables |
|
173.633 |
123.746 |
|
(d) Cash and
bank balances |
|
105.524 |
35.974 |
|
(e)
Short-term loans and advances |
|
9.761 |
6.003 |
|
(f) Other
current assets |
|
0.051 |
0.051 |
|
Total
Current Assets |
|
293.868 |
174.351 |
|
|
|
|
|
|
TOTAL |
|
530.262 |
383.898 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
850.612 |
581.626 |
|
|
Other Income |
|
1.009 |
12.755 |
|
|
TOTAL |
|
851.621 |
594.381 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
3.679 |
9.654 |
|
|
Employee benefit expense |
|
404.242 |
330.362 |
|
|
Other expenses |
|
318.750 |
211.077 |
|
|
TOTAL |
|
726.671 |
551.093 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
124.950 |
43.288 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
9.234 |
12.203 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
115.716 |
31.085 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
37.536 |
15.176 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
78.180 |
15.909 |
|
|
|
|
|
|
|
Less |
TAX |
|
25.753 |
13.791 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
52.427 |
2.118 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
3.62 |
0.15 |
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 |
Yes |
|
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
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G42120345 |
100092928 |
KOTAK MAHINDRA PRIME LIMITED |
27/02/2017 |
- |
- |
7000000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMH400051IN |
|
2 |
G42121889 |
100092931 |
KOTAK MAHINDRA PRIME LIMITED |
27/02/2017 |
- |
- |
7000000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN |
|
3 |
G42122952 |
100092934 |
KOTAK MAHINDRA PRIME LIMITED |
27/02/2017 |
- |
- |
7000000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN |
|
4 |
G42124610 |
100092940 |
KOTAK MAHINDRA PRIME LIMITED |
27/02/2017 |
- |
- |
6000000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN |
|
5 |
G80736481 |
10443748 |
ADITYA BIRLA FINANCE LIMITED |
24/07/2013 |
22/12/2015 |
14/03/2018 |
130000000.0 |
Indian Rayon Compound,VeravalGJ362266IN |
|
6 |
B88859798 |
10374509 |
Standard Chartered Bank |
16/08/2012 |
26/11/2012 |
30/10/2013 |
35000000.0 |
SME Credit, Crescenzo, 3A/F, Plot no. C-38 & 39G Block, Bandra Kurla Complex, Bandra EastMumbaiMH400051IN |
|
7 |
B59141838 |
10178572 |
CITIBANK N. A. |
02/09/2009 |
09/09/2011 |
18/09/2012 |
34730000.0 |
37/3 ONYX TOWER, NEAR WESTIN HOTEL KOREGAON PARKNORTH MAIN ROAD,PUNEMH411001IN |
|
8 |
B44265502 |
10057896 |
CITI BANK N.A. |
12/06/2007 |
- |
12/07/2012 |
21500000.0 |
Kumar Capital, 2413 East Street,Camp, PunePuneMH411001IN |
|
9 |
B39000195 |
10202195 |
Punjab National Bank |
26/12/2009 |
- |
10/05/2012 |
700000.0 |
Deccan Gymkhana Br.Prabhat Road, PunePuneMH411004IN |
|
10 |
B16072589 |
80063488 |
Ichalkaranji Janta Sahakari Bank Ltd |
19/10/2004 |
- |
14/06/2011 |
1200000.0 |
Kothrud BranchKothrudPuneMH411029IN |
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from B-103, Pushp
Vinod, S.V. Road, Borivali (West), Mumbai-400092, Maharashtra, India to the present
address w.e.f 09.07.2012
FIXED ASSETS:
Tangible Assets
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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 64.80 |
|
UK Pound |
1 |
INR 92.26 |
|
Euro |
1 |
INR 80.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.