|
|
|
MIRA INFORM REPORT
|
Report No. : |
500575 |
|
Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
KOMAL TEXFAB PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 167 and 168, Near Balaji Textile, Opposite Ranipur Patia,
Narol-Sarkhej Highway, Narol, Ahmedabad-382405, Gujarat |
|
Tel. No.: |
91-79-39834000/4006 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
07.08.1990 |
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|
|
|
Com. Reg. No.: |
04-014141 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 7.569 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17114GJ1990PTC014141 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0802002218 |
|
|
|
|
GSTIN : [Goods & Service Tax
Registration No.] |
24AAACK6150C1Z3 |
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|
|
|
TIN No: |
24075000061 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACK6150C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer, Exporter, Importer and Printing of Synthetic Cotton Cloth, Knitted Fabric and Garments. (Registered Activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
550 (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 870000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1990 and is engaged in manufacturer,
exporter, importer and printing of synthetic cotton cloth, knitted fabric and
garments As per financials of march 2017, the company has registered a growth
of 32.55% in its revenue as compared to its previous year’s revenue and has
reported fair profit margin of 3.50%. Rating takes into consideration the company’s established track record
of business operations marked by sound networth base along with comfortable
debt coverage indicators and decent liquidity position. Rating also takes into account the extensive experience of the
promoters in the fabric industry and an established relationship with
customers. Further, the company has
reported a good earnings per share of INR 92.90 against its face value of INR
10. However, rating strength is partially offset by working
capital-intensive, and an average scale of operations in a fragmented
industry. Payments seems to be regular. 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating (BB+) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
27, March 2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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 PARTED BY
|
Name : |
Mr. Hanuman |
|
Designation : |
Account Department |
|
Contact No.: |
91-79-39834000 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Survey No. 167 and 168, Near Balaji Textile, Opposite Ranipur Patia,
Narol-Sarkhej Highway, Narol, Ahmedabad-382405, Gujarat, India |
|
Tel. No.: |
91-79-39834000/ 4006 |
|
Mobile No.: |
91-9824023144 (Mr. Suresh) |
|
Fax No.: |
91-79-39834053 |
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E-Mail : |
|
|
Website : |
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|
Area : |
11000 Sq. Ft |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 2 : |
SEZ Unit at Plot No. 42, GIDC, Apparel Park, Near Anupam Cinema,
Khokhra, Ahmedabad-380008, Gujarat, India |
|
Tel. No.: |
91-79-29700302 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sureshkumar Pukhraj Bagrecha |
|
Designation : |
Managing Director |
|
Address : |
1-A, Sadbhav Society, Opposite Om Tower Ghoda Camp Road, Shahibag,
Ahmedabad-380004, Gujarat, India |
|
Date of Birth/Age : |
06.05.1960 |
|
Qualification : |
B Sc., MBA |
|
Experience : |
26 Years |
|
Date of Appointment : |
07.08.1990 |
|
PAN No.: |
ABCPB2096E |
|
DIN No.: |
00987829 |
|
|
|
|
Name : |
Mr. Rajesh Sureshkumar Bagrecha |
|
Designation : |
Whole Time Director |
|
Address : |
Komal 1, Sadbhav Society, Ghoda Kamp Road, Shahibaug, Ahmedabad-
380004, Gujarat, India |
|
Date of Birth/Age : |
08.01.1983 |
|
Qualification : |
Graduate from NIFD and MBA |
|
Experience : |
10 Years |
|
Date of Appointment : |
01.12.2002 |
|
PAN No.: |
AETPB4490E |
|
DIN No.: |
00283757 |
|
|
|
|
Name : |
Mr. Vikram Pukhraj Bagrecha |
|
Designation : |
Whole Time Director |
|
Address : |
1 Sadbhav Society, Opposite Om Tower, Ghoda Camp Road, Shahibaug, Ahmedabad-380004,
Gujarat, India |
|
Date of Birth/Age : |
14.05.1972 |
|
Qualification : |
B. Com |
|
Experience : |
20 Years |
|
Date of Appointment : |
07.08.1990 |
|
PAN No.: |
ABHPB3674P |
|
DIN No.: |
00357220 |
|
|
|
|
Name : |
Mr. Sudhirkumar Pukhraj Bagrecha |
|
Designation : |
Whole Time Director |
|
Address : |
C/3 Rameshwar Society, Madhuvan Compound, Shahibaug, Ahmedabad-
380004, Gujarat, India |
|
Date of Birth/Age : |
18.04.1974 |
|
Qualification : |
B. Com |
|
Experience : |
18 Years |
|
Date of Appointment : |
01.12.2002 |
|
PAN No.: |
ABHPB3814H |
|
DIN No.: |
01200034 |
KEY EXECUTIVES
|
Name : |
Mrs. Himanshu Maheshwary |
|
Designation : |
Company Secretary |
|
Address : |
C-10, Vaibhav Apartment Part-1, Near Police Commissioner Office,
Shahibaug, Ahmedabad – 380004, Gujarat, India |
|
Email: |
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|
|
|
|
Name : |
Mr. Hanuman |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2017
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
13.04 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
86.96 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturer, Exporter, Importer and Printing of Synthetic Cotton Cloth, Knitted Fabric and Garments. (Registered Activity and also Confirmed by management) |
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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 : |
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Products : |
Finished Goods |
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Countries : |
· Sri Lanka · Dubai |
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Imports : |
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Products : |
Raw material |
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Countries : |
Italy |
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Terms : |
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Selling : |
Cash, L/C and credit (30/60 Days) |
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Purchasing : |
Cash, L/C and credit (30/60 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
550 (Approximately) |
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Bankers: |
·
Oriental Bank of Commerce, Shreeji Bhuvan,
22, Swaminarayan Society, Aslali, Ahmedabad - 382427, Gujarat, India · Small Industries Development Bank of India, 1st Floor, Navjivan Amrit Jayanti Bhavan, Navjivan Post Office, Ahmedabad-380009, Gujarat, India ·
Dena Bank, Navrangpura Branch, 4 Surya
Complex, Opposite Swastik Road, Ahmedabad-380009, Gujarat, India |
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Facilities : |
|
|
Auditors : |
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|
Name : |
KPSJ and Associates Chartered Accountants |
|
Address : |
504/C, Shahjanand Shopping Centre, Shahibaug, Ahmedabad-380004,
Gujarat, India |
|
Tel. No.: |
91-79-25621950/ 25631950/ 65221950-54 |
|
Mobile No.: |
91-79-25621950 |
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E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFK2924D |
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|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related
parties: |
·
Komal Electrotech Private Limited, India CIN No.:U29100GJ2010PTC061353] |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
970000 |
Equity Shares |
INR 10/- each |
INR 9.700 Million |
|
30000 |
Preference Share |
INR 10/- each |
INR 0.300 Million |
|
|
Total |
|
INR 10.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
756940 |
Equity Shares |
INR 10/- each |
INR 7.569
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 |
7.569 |
7.569 |
7.569 |
|
(b) Reserves and Surplus |
297.026 |
226.709 |
182.810 |
|
(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) |
304.595 |
234.278 |
190.379 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
268.397 |
269.264 |
226.238 |
|
(b) Deferred tax liabilities (Net) |
29.452 |
24.880 |
16.562 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
6.754 |
5.379 |
4.646 |
|
Total Non-current
Liabilities (3) |
304.603 |
299.523 |
247.446 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
76.241 |
81.465 |
30.379 |
|
(b) Trade
payables |
359.809 |
324.388 |
220.929 |
|
(c) Other current
liabilities |
62.074 |
44.547 |
29.390 |
|
(d) Short-term
provisions |
31.668 |
14.304 |
9.300 |
|
Total Current
Liabilities (4) |
529.792 |
464.704 |
289.998 |
|
|
|
|
|
|
TOTAL |
1138.990 |
998.505 |
727.823 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
468.732 |
406.254 |
342.885 |
|
(ii)
Intangible Assets |
0.165 |
0.044 |
0.111 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
17.435 |
13.129 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.002 |
0.002 |
0.002 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
15.081 |
15.037 |
17.361 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
483.980 |
438.772 |
373.488 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
178.260 |
161.500 |
77.446 |
|
(c) Trade
receivables |
397.043 |
294.858 |
199.625 |
|
(d) Cash and
bank balances |
12.058 |
54.387 |
6.205 |
|
(e)
Short-term loans and advances |
61.007 |
42.282 |
40.439 |
|
(f) Other
current assets |
6.642 |
6.706 |
30.620 |
|
Total
Current Assets |
655.010 |
559.733 |
354.335 |
|
|
|
|
|
|
TOTAL |
1138.990 |
998.505 |
727.823 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2008.694 |
1515.411 |
996.589 |
|
|
Other Income |
4.886 |
4.055 |
11.156 |
|
|
TOTAL |
2013.580 |
1519.466 |
1007.745 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
679.790 |
435.431 |
224.171 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.360 |
2.476 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(6.795) |
(28.621) |
11.683 |
|
|
Employee benefit expense |
153.482 |
119.788 |
77.375 |
|
|
Other expenses |
974.915 |
833.347 |
568.235 |
|
|
TOTAL |
1801.392 |
1360.305 |
883.940 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
212.188 |
159.161 |
123.805 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
52.359 |
47.664 |
44.708 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
159.829 |
111.497 |
79.097 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
54.787 |
45.195 |
32.302 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
105.042 |
66.302 |
46.795 |
|
|
|
|
|
|
|
Less |
TAX |
34.725 |
22.404 |
18.537 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
70.317 |
43.898 |
28.258 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
158.305 |
104.153 |
40.308 |
|
|
TOTAL EARNINGS |
158.305 |
104.153 |
40.308 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and spare
parts |
17.153 |
1.224 |
11.257 |
|
|
Capital Goods |
24.797 |
64.633 |
44.776 |
|
|
TOTAL IMPORTS |
41.949 |
65.856 |
56.033 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
92.90 |
57.99 |
37.33 |
Expected Sales (2017-2018): INR 2500.000 Million
The above information has been parted by Mr. Hanuman (Account
Department)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
54.529 |
38.201 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
112.218 |
97.542 |
154.484 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
98.065 |
88.157 |
146.407 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
72.15 |
71.02 |
73.11 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
5.06 |
5.14 |
4.99 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
193.19 |
271.69 |
355.79 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
1.19 |
0.99 |
1.60 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.45 |
0.38 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.75 |
0.77 |
0.71 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.31 |
1.66 |
1.35 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
1.74 |
1.98 |
1.52 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
1.54 |
1.81 |
1.87 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
4.05 |
3.34 |
2.77 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
3.50 |
2.90 |
2.84 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
6.17 |
4.40 |
3.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
23.09 |
18.74 |
14.84 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.24 |
1.20 |
1.22 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.90 |
0.86 |
0.95 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.27 |
0.23 |
0.26 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
52.74 |
51.38 |
33.90 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.24 |
1.20 |
1.22 |
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 |
7.569 |
7.569 |
7.569 |
|
Reserves & Surplus |
182.810 |
226.709 |
297.026 |
|
Net
worth |
190.379 |
234.278 |
304.595 |
|
|
|
|
|
|
Long-term borrowings |
226.238 |
269.264 |
268.397 |
|
Short term borrowings |
30.379 |
81.465 |
76.241 |
|
Current maturities of
long-term debts |
0.000 |
38.201 |
54.529 |
|
Total
borrowings |
256.617 |
388.930 |
399.167 |
|
Debt/Equity
ratio |
1.348 |
1.660 |
1.310 |
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 |
996.589 |
1515.411 |
2008.694 |
|
|
|
52.060 |
32.551 |
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 |
996.589 |
1515.411 |
2008.694 |
|
Profit/ (Loss) |
28.258 |
43.898 |
70.317 |
|
|
2.84
% |
2.90
% |
3.50
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONAL PERFORMANCE:
The Company reported encouraging performance. The turnover of the company has been increased during the financial year ended 31st March 2017.
This has also resulted in the increase in the operating profit of the Company by 33.31% and Net profit by 60.18% as compare to the previous year. Whereas top line has been increased by 32.52% and your directors expect to continue this growth during the next financial year.
BUSINESS OPERATIONS
and FUTURE OUTLOOK:
The Board may retain its earning in order to make better use of available funds and increase the stakeholder value in the long run. The decision of utilization of the retained earnings of the Company will be subject to the applicable provisions of the Companies Act and other applicable laws/Regulations. The retained earnings shall be utilized for securing the long term growth objectives of the Company's business including diversification and expansion of the business.
INDEX
OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G80823735 |
100163474 |
DENA BANK |
22/03/2018 |
- |
- |
10000000.0 |
NAVRANGPURA BRANCH, 4 SURYA COMPLEX, OPPOSITE SWASTIK ROAD, AHMEDABAD-380009, GUJARAT, INDIA |
|
2 |
G80825698 |
100163476 |
DENA BANK |
22/03/2018 |
- |
- |
10000000.0 |
NAVRANGPURA BRANCH, 4 SURYA COMPLEX, OPPOSITE SWASTIK ROAD, AHMEDABAD-380009, GUJARAT, INDIA |
|
3 |
C71817985 |
10604060 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
05/11/2015 |
10/11/2015 |
- |
49500000.0 |
1ST FLOOR, NAVJIVAN AMRIT JAYANTI BHAVAN, NAVJIVAN POST OFFICE, AHMEDABAD-380009, GUJARAT, INDIA |
|
4 |
G53992160 |
10585216 |
HDFC BANK LIMITED |
17/07/2015 |
31/08/2017 |
- |
470000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI-400013, MAHARASHTRA, INDIA |
|
5 |
C23931553 |
10522938 |
DENA BANK |
16/12/2013 |
- |
- |
120000000.0 |
NAVRANGPURA BRANCH, 4 SURYA COMPLEX, OPPOSITE SWASTIK ROAD, AHMEDABAD-380009, GUJARAT, INDIA |
|
6 |
B84498609 |
10442402 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
12/08/2013 |
13/09/2013 |
- |
45000000.0 |
1ST FLOOR, NAVJIVAN AMRIT JAYANTI BHAVAN, NAVJIVAN POST OFFICE, AHMEDABAD-380009, GUJARAT, INDIA |
|
7 |
B84497536 |
10442950 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
12/08/2013 |
13/09/2013 |
- |
30000000.0 |
1ST FLOOR, NAVJIVAN AMRIT JAYANTI BHAVAN, NAVJIVAN POST OFFICE, AHMEDABAD-380009, GUJARAT, INDIA |
|
8 |
C68625292 |
90096830 |
ORIENTAL BANK OF COMMERCE |
10/04/2003 |
17/05/2006 |
07/08/2015 |
32400000.0 |
SHREEJI BHUVAN, 22, SWAMINARAYAN SOCIETY, ASLALI, AHMEDABAD - 382427, GUJARAT, INDIA |
|
9 |
C68448679 |
90100403 |
ORIENTAL BANK OF COMMERCE |
18/07/1995 |
17/05/2006 |
07/08/2015 |
1000000.0 |
SHREEJI BHUVAN, 22, SWAMINARAYAN SOCIETY, ASLALI, AHMEDABAD - 382427, GUJARAT, INDIA |
|
10 |
C68625722 |
90100893 |
ORIENTAL BANK OF COMMERCE |
09/04/2003 |
- |
07/08/2015 |
7500000.0 |
SHREEJI BHUVAN, 22, SWAMINARAYAN SOCIETY, ASLALI, AHMEDABAD - 382427, GUJARAT, INDIA |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from others |
70.652 |
79.309 |
|
|
|
|
|
Total |
70.652 |
79.309 |
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
· Brands and trade marks
· Trade marks
· Computer software
CMT REPORT (Corruption, Money Laundering
& Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 |
|
|
1 |
INR 92.26 |
|
Euro |
1 |
INR 80.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.