|
|
|
MIRA INFORM REPORT
|
Report No. : |
499784 |
|
Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
PIONEER POLYLEATHERS LIMITED (w.e.f. 05.03.2015) |
|
|
|
|
Formerly Known
As : |
PIONEER POLYLEATHERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 5732, Block – A, Street No.81, Regharpura, Karol Bagh, New
Delhi – 110005 |
|
Tel. No.: |
91-120-4111113 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.03.2005 |
|
|
|
|
Com. Reg. No.: |
55-134427 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 170.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17303DL2005PLC134427 |
|
|
|
|
IEC No.: |
0506003591 |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
07AADCP6436B1ZO |
|
|
|
|
TIN/CST No.: |
07260367377 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP6436B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Trading and Exporting of all types of PVC Flex Material, PVC Film , PVC Tarpaulin, PVC rigid free Foam Board, PVC Sheet, Polyester Warp Knitted Fabric, Self-Adhesive Film of Plastics (Vinyl), Rollup Standee, Paper Tube and other related items. (Registered Activity) |
|
|
|
|
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 6000000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Pioneer Polyleathers Limited (PPL) incorporated in 2005, manufactures digital print media products such as polyvinyl chloride (PVC) flex banner and PVC foam sheets that are used for indoor/outdoor advertising. It is an established company having excellent track record.
|
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 |
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 DENIED BY
|
Name : |
Mr. Aman Kumar |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-8588804209 |
|
Date: |
26.03.2018 |
Management non-cooperative (Tel
No.:91-120-4111113/4)
LOCATIONS
|
Registered Office : |
Plot No. 5732, Block – A, Street No.81, Regharpura, Karol Bagh, New
Delhi – 110005, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8588804209 (Mr. Aman Kumar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head office / Corporate Office: |
B-46, Hosiery Complex Phase – II, Noida – 201305, Uttar Pradesh, India
|
|
Tel. No.: |
91-120-4111113 / 14 |
|
Fax No.: |
91-120-2461148 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Sector-4, Plot No. 74 and 76, Integrated Industrial Estate, Pantnagar,
Rudrapur, Udam Sing Nagar – 263153, Uttarakhand, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vijai Kapur |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 407, Sector 15-A, Gautam Budh Nagar, Noida-201301 , Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.10.1957 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.09.2010 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEFPK6652R |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01207841 |
||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Monica Kapur |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 407, Sector 15-A, Gautam Budh Nagar, Noida-201301, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.03.1961 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.03.2015 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEFPK6651N |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01068119 |
||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Raj Kumar Gupta |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
15/17, East Punjabi Bagh, New Delhi – 110026, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1959 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.12.2006 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAAPG7110K |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00011982 |
||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanchit Aggarwal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No.15, Road No.17, East, Punjabi Bagh, New Delhi – 110026, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.12.1991 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2013 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06599970 |
||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Sugriv Kumar Aggarwal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 38 , Road No. 6, East Punjabi Bagh, New Delhi- 110026, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.12.2015 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00041481 |
||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sudhir Kumar Agarwal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
D-257, Sector-47, Noida 201303, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.12.2015 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00117005 |
||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Mahendra Kumar Rustagi |
|
Designation : |
Chief Finance Officer |
|
Address : |
57-C, Green View Apartments, Sector 15A, Noida- 201301, Uttar Pradesh, India |
|
Date of Appointment : |
15.07.2015 |
|
PAN No.: |
AAGPR3460H |
|
|
|
|
Name : |
Tripti Sengar |
|
Designation : |
Company Secretary |
|
Address : |
1103-V, Amrapali Silicon City Sector-76, Noida- 201301, Uttar Pradesh, India |
|
Date of Appointment : |
27.06.2016 |
|
PAN No.: |
FDZPS0453J |
|
|
|
|
Name : |
Mr. Aman Kumar |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Monica Kapur |
3346099 |
|
Jayachandran R. K. |
635 |
|
Vijai Kapur (HUF) |
609167 |
|
Vijai Kapur |
3679932 |
|
Raj Kumar Gupta |
3602586 |
|
Asha Devi |
1507333 |
|
Vishesh Agarwal |
1289165 |
|
Azure Decor Private Limited (Formerly known as Pioneer Footwear Private Limited) |
864167 |
|
Nikita Agarwal |
412250 |
|
Sanchit Aggarwal |
1688666 |
|
Total |
17000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
94.92 |
|
Promoters (Body corporate) |
5.08 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Trading and Exporting of all types of PVC Flex Material, PVC Film , PVC Tarpaulin, PVC rigid free Foam Board, PVC Sheet, Polyester Warp Knitted Fabric, Self-Adhesive Film of Plastics (Vinyl), Rollup Standee, Paper Tube and other related items. (Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Ajay Aggarwal and Company Chartered Accountants |
|
Address : |
1/42, Lalita Park Laxmi Nagar, India |
|
PAN No.: |
ACFPA9801N |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Associate |
|
|
|
|
|
|
|
|
Subsidiary Company: |
|
|
|
|
|
Enterprises Which
Are Owned, Or Have Significant Influence Of Or Are
Partners With Key Management Personnel And Their Relatives: |
|
CAPITAL STRUCTURE
AFTER 30.09.2017
Authorised Capital : INR 170.200 Million
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17000000 |
Equity Shares |
INR 10/- each |
INR 170.000 Million |
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17000000 |
Equity Shares |
INR 10/- each |
INR 170.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17000000 |
Equity Shares |
INR 10/- each |
INR 170.000 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 |
170.000 |
170.000 |
170.000 |
|
(b) Reserves & Surplus |
1919.386 |
1530.086 |
1089.516 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Deferred
government grants |
37.657 |
41.226 |
25.388 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2127.043 |
1741.312 |
1284.904 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
124.709 |
128.054 |
216.943 |
|
(b) Deferred tax liabilities (Net) |
33.529 |
38.517 |
42.879 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
158.238 |
166.571 |
259.822 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
350.162 |
245.500 |
351.120 |
|
(b) Trade
payables |
227.074 |
160.573 |
388.530 |
|
(c) Other
current liabilities |
184.882 |
182.851 |
183.540 |
|
(d) Short-term
provisions |
4.462 |
13.728 |
46.789 |
|
Total Current
Liabilities (4) |
766.580 |
602.652 |
969.979 |
|
|
|
|
|
|
TOTAL |
3051.861 |
2510.535 |
2514.705 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
898.656 |
884.872 |
966.486 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
242.877 |
0.229 |
7.417 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.161 |
0.161 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
20.912 |
14.180 |
17.355 |
|
(e) Other
Non-current assets |
310.314 |
333.209 |
239.043 |
|
Total Non-Current Assets |
1472.920 |
1232.651 |
1230.301 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
300.389 |
266.156 |
278.338 |
|
(c) Trade
receivables |
865.438 |
865.293 |
894.634 |
|
(d) Cash
and cash equivalents |
86.148 |
76.616 |
38.649 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
326.966 |
69.819 |
72.783 |
|
Total
Current Assets |
1578.941 |
1277.884 |
1284.404 |
|
|
|
|
|
|
TOTAL |
3051.861 |
2510.535 |
2514.705 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
4236.049 |
3833.000 |
3607.714 |
|
|
Other Income |
20.315 |
3.825 |
5.993 |
|
|
TOTAL |
4256.364 |
3836.825 |
3613.707 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2915.427 |
2639.615 |
2643.301 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(10.413) |
(3.224) |
56.999 |
|
|
Employees benefits
expense |
152.718 |
143.679 |
124.751 |
|
|
Other expenses |
515.806 |
446.769 |
381.612 |
|
|
TOTAL |
3573.538 |
3226.839 |
3206.663 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
682.826 |
609.986 |
407.044 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
31.562 |
54.318 |
76.804 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
651.264 |
555.668 |
330.240 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
132.335 |
119.408 |
112.365 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
518.929 |
436.260 |
217.875 |
|
|
|
|
|
|
|
Less |
TAX |
129.629 |
(4.310) |
(0.666) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
389.300 |
440.570 |
218.541 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
22.9 |
25.92 |
12.86 |
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 |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
493.613 |
445.659 |
330.526 |
|
Net cash flows from (used in) operating activity |
372.674 |
318.379 |
255.578 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
74.57 |
82.40 |
90.51 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.89 |
4.43 |
4.03 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
28.43 |
22.20 |
53.65 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.27 |
2.29 |
1.46 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.60 |
0.69 |
0.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.29 |
0.29 |
0.47 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.22 |
0.21 |
0.44 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.36 |
0.35 |
0.75 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.54 |
0.51 |
0.76 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
21.63 |
11.23 |
5.30 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
9.19 |
11.49 |
6.06 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
12.76 |
17.55 |
8.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.30 |
25.30 |
17.01 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.06 |
2.12 |
1.32 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.67 |
1.68 |
1.04 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.70 |
0.69 |
0.51 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.79 |
2.20 |
3.34 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.06 |
2.12 |
1.32 |
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 |
170.000 |
170.000 |
170.000 |
|
Reserves & Surplus |
1089.516 |
1530.086 |
1919.386 |
|
Deferred
government grants |
25.388 |
41.226 |
37.657 |
|
Net
worth |
1284.904 |
1741.312 |
2127.043 |
|
|
|
|
|
|
long-term borrowings |
216.943 |
128.054 |
124.709 |
|
Short term borrowings |
351.120 |
245.500 |
350.162 |
|
Total
borrowings |
568.063 |
373.554 |
474.871 |
|
Debt/Equity
ratio |
0.442 |
0.215 |
0.223 |
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 |
3607.714 |
3833.000 |
4236.049 |
|
|
|
6.245 |
10.515 |
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 |
3607.714 |
3833.000 |
4236.049 |
|
Profit |
218.541 |
440.570 |
389.300 |
|
|
6.06% |
11.49% |
9.19% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
170.000 |
170.000 |
|
(b) Reserves and Surplus |
|
1916.321 |
1527.555 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Deferred government grants |
|
37.656 |
41.226 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2123.977 |
1738.781 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
124.709 |
128.054 |
|
(b) Deferred tax liabilities (Net) |
|
32.746 |
37.930 |
|
(c) Other long-term
liabilities |
|
0.000 |
2.637 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
157.455 |
168.621 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
350.162 |
245.500 |
|
(b) Trade
payables |
|
227.074 |
160.573 |
|
(c) Other
current liabilities |
|
203.960 |
201.957 |
|
(d) Short-term
provisions |
|
4.462 |
13.728 |
|
Total Current
Liabilities (4) |
|
785.658 |
621.758 |
|
|
|
|
|
|
TOTAL |
|
3067.090 |
2529.160 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
916.963 |
903.603 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
242.877 |
0.229 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
20.933 |
14.201 |
|
(e) Other
Non-current assets |
|
310.314 |
333.209 |
|
Total Non-Current
Assets |
|
1491.087 |
1251.242 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
300.389 |
266.156 |
|
(c) Trade receivables |
|
865.438 |
865.293 |
|
(d) Cash and
bank balances |
|
86.149 |
76.617 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f) Other
current assets |
|
324.027 |
69.852 |
|
Total
Current Assets |
|
1576.003 |
1277.918 |
|
|
|
|
|
|
TOTAL |
|
3067.090 |
2529.160 |
PROFIT
& LOSS ACCOUNT CONSOLIDATED
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
4236.049 |
3833.000 |
|
|
Other Income |
|
20.315 |
3.825 |
|
|
TOTAL |
|
4256.364 |
3836.825 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
3133.223 |
2820.250 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(10.413) |
(3.224) |
|
|
Employee benefit expense |
|
152.718 |
143.825 |
|
|
Other expenses |
|
298.317 |
266.248 |
|
|
TOTAL |
|
3573.845 |
3227.099 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
682.519 |
609.726 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
31.562 |
54.318 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
650.957 |
555.408 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
132.759 |
119.870 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
518.198 |
435.538 |
|
|
|
|
|
|
|
Less |
TAX |
|
129.432 |
(4.306) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
388.766 |
439.844 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
22.87 |
25.87 |
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 |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
NATURE OF OPERATION
The Company was incorporated in the year 2005 to undertake manufacturing, trading and exporting of all types of PVC Flex Material, PVC Film , PVC Tarpaulin, PVC rigid free Foam Board, PVC Sheet, Polyester Warp Knitted Fabric, Self-Adhesive Film of Plastics (Vinyl), Rollup Standee, Paper Tube and other related items. The registered office is at Karol Bagh, New Delhi and the production facility of the company is situated in Pantnagar, Uttarakhand. Company has changed its status from Private Limited Company to Limited Company w.e.f 05.03.15.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Other loans and advances, others |
350.162 |
245.500 |
|
|
|
|
|
Total |
350.162 |
245.500 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G50204510 |
100115254 |
Kotak Mahindra Bank Limited |
17/07/2017 |
- |
- |
50000000.0 |
FIRST FLOOR, ASSET AREA 9,IBIS COMMERCIAL BLOCK, DELHI AEROCITY,NEW DELHI-110037 INDIA |
|
2 |
G72749823 |
100036380 |
KOTAK MAHINDRA BANK LIMITED |
07/03/2016 |
29/12/2017 |
- |
200000000.0 |
KOTAK AEROCITY, 1ST FLOOR, ASSET AREA 9,IBIS COMMERCIAL BLOCK, DELHI AEROCITY,NEW DELHI-110037 INDIA |
|
3 |
B91724690 |
10059790 |
State Bank of India |
21/07/2007 |
18/11/2013 |
- |
1137000000.0 |
COMMERIAL BRANCH, CONNAUGHT CIRCUS,M-47, CONNAUGHT CIRCUS,NEW DELHI-110001 INDIA |
|
4 |
B91724732 |
10059787 |
State Bank of India |
29/05/2007 |
18/11/2013 |
- |
1137000000.0 |
COMMERIAL BRANCH, CONNAUGHT CIRCUS,M-47, CONNAUGHT CIRCUS,NEW DELHI-110001 INDIA |
|
5 |
A18815175 |
10040145 |
Canara Bank |
22/02/2007 |
- |
23/07/2007 |
31400000.0 |
C-3, SECTOR-1 NOIDA-201301 UTTAR PRADESH INDIA |
|
6 |
A18815639 |
10040149 |
Canara Bank |
22/02/2007 |
- |
23/07/2007 |
37306000.0 |
C-3, SECTOR-1 NOIDA-201301 UTTAR PRADESH INDIA |
FIXED ASSETS:
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.06 |
|
|
1 |
INR 92.06 |
|
Euro |
1 |
INR 80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RKI |
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.