|
|
|
MIRA
INFORM REPORT
|
Report No. : |
500233 |
|
Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
NAGA DHUNSERI GROUP LIMITED |
|
|
|
|
Registered
Office : |
Dhunseri House 4A, Woodburn Park, Kolkata- 700020, West Bengal |
|
Tel. No.: |
91-33-22801950 (5 lines) |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.08.1918 |
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|
|
|
Com. Reg. No.: |
21-003029 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L01132WB1918PLC003029 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
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
and trading in shares and securities and is registered as a non-banking
financial company. (Registered Activity) |
|
|
|
|
No. of Employees
: |
10 (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 2200000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1918. It is engaged in investing and trading in shares and securities. The Company is registered as a Non-Banking Finance Company (NBFC) with Reserve Bank of India. For the quarterly results of December 2017, the company has earned sales turnover of INR 229.984 million and has reported a favourable net profit margin. As per the financial records of 2017, the company has achieved a massive growth of 145.51% in its revenue as compared to the previous year’s revenue and has gained a satisfactory profitability margin of 24.25%. The company possesses sound financial position marked by healthy net worth base along with debt free balance sheet profile and comfortable liquidity parameter. Rating takes into consideration the company’s decent Earnings Per Share (EPS) of INR 106.20 as against its Face Value (FV) of INR 10. The company has its share price trading at around INR 1232.95 on NSE as on March 24, 2018 as against the Face Value (FV) of INR 10. Rating also takes into consideration the company’s long established track record and well experienced management team. Business is active. Payment seems to be regular. 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.
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 29.03.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
Management non-cooperative (Tel No.:91-33-22435809)
LOCATIONS
|
Registered Office : |
Dhunseri House 4A, Woodburn Park, Kolkata- 700020, West Bengal, India |
|
Tel. No.: |
91-33-22801950 (5 lines) |
|
Fax No.: |
91-22-22878350/8995 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Mrigank Dhanuka |
|
Designation : |
Managing Director |
|
Address : |
14B, Dr. U.N. Brahmachary Street (Formerly 14, Loudon Street), Kolkata-700017, West Bengal, India |
|
Date of Appointment : |
31.01.2003 |
|
DIN No.: |
00005666 |
|
|
|
|
Name : |
Aruna Dhanuka |
|
Designation : |
Director |
|
Address : |
14b,Dr. U.N.Brahmachary Street (Formerly 14, Loudon Street, Kolkata- 700017, West Bengal, India |
|
Date of Appointment : |
31.10.2005 |
|
DIN No.: |
00005677 |
|
|
|
|
Name : |
Chandra Kumar Dhanuka |
|
Designation : |
Director |
|
Address : |
14B, Dr. U.N.Brahmachary Street (Formerly 14, Loudon Street), Kolkata- 700017, West Bengal, India |
|
Date of Appointment : |
31.08.1974 |
|
DIN No.: |
00005684 |
|
|
|
|
Name : |
Indra Kishore Kejriwal |
|
Designation : |
Director |
|
Address : |
Rajanigandha Apartment 25, Ballygunge Park Road, Kolkata- 700019, West Bengal, India |
|
Date of Appointment : |
23.05.1977 |
|
DIN No.: |
00012320 |
|
|
|
|
Name : |
Mr. Rajeev Rungta |
|
Designation : |
Director |
|
Address : |
1A, Gurusaday Road, Kolkata -700019, West Bengal, India |
|
Date of Appointment : |
31.01.2006 |
|
DIN No.: |
00122221 |
|
|
|
|
Name : |
Mr. Gobind Ram Goenka |
|
Designation : |
Director |
|
Address : |
10/1, Alipore Park Place, 7th Floor, Flat -72 ,74, Kolkata- 700027, West Bengal, India |
|
Date of Appointment : |
28.01.2009 |
|
DIN No.: |
00133700 |
KEY EXECUTIVES
|
Name : |
Mr. Hari Prasad Bhuwania |
|
Designation : |
Chief Executive Officer |
|
Address : |
28, Southend Park, Lake, Kolkata -700029, West Bengal, India |
|
Date of Appointment : |
10.02.2017 |
|
PAN No.: |
ACZPB2533Q |
|
|
|
|
Name : |
Ayush Beriwala |
|
Designation : |
Chief Finance Officer |
|
Address : |
Flat No. 8D, Siddharta Building, 14/2, Burdwan Road, Kolkata -700027, West Bengal, India |
|
Date of Appointment : |
03.11.2016 |
|
PAN No.: |
AGGPB3884R |
MAJOR SHAREHOLDERS
As on 30.12.2017
|
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 % |
|
|
(A) Promoter & Promoter Group |
735826 |
73.58 |
|
|
(B) Public |
264174 |
26.42 |
|
|
Grand Total |
1000000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject carries on the business of investing
and trading in shares and securities and is registered as a non-banking
financial company. (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 : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
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Auditors : |
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|
Name : |
S. S. Kothari and Company Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
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|
Collaborators : |
Not Available |
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Group Company: |
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Associate Company: |
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|
Firm over which
directors are able to exercise significant influence): |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
INR 10/- each |
INR 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
|
|
|
|
|
Notes:
(b) During the period of five years immediately preceeding the date of the Balance Sheet the Company has not issued any shares for consideration other than cash.
(c) Term / Right
attached to Equity Shares
The Company has one class of equity shares having a par value of ~ 101- per share. Each holder of equity share is entitled to one vote per share held and dividend proposed by the Board of Directors subject to the approval of the shareholders in the Annual General Meeting. In the event of liquidation, the equity shareholders are eligible t receive the remaining assets of the Company, after distribution of all prefential amounts, in proportion to their shareholding.
(d) Reconciliation of
the number of shares outstanding
|
Particular |
As on 31.03.2017 (No. Shares) |
|
Number of shares at the beginning |
100000 |
|
Add : Shares issued during the year |
-- |
|
Number of shares at the closing |
100000 |
(e) Details of
shareholders' holding more than 5% Shares:
|
Name of the
shareholders
|
As on 31.03.2017 |
|
|
|
(No. Shares) |
Holding
(%) |
|
Mint Investments Limited |
332210 |
33.22 |
|
Chandra Kr. Dhanuka (Karta of HUF) as a Partner of a Firm |
161130 |
16.11 |
|
Aruna Dhanuka |
78700 |
7.87 |
(f) The Board of Directors in its
meeting on May 30, 2017 has proposed a final dividend of INR 2.50/- 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 3.009
million.
FINANCIAL DATA
[all figures are
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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
760.231 |
654.035 |
634.398 |
|
(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) |
770.231 |
664.035 |
644.398 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
2.452 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
18.595 |
0.325 |
0.148 |
|
Total Non-current
Liabilities (3) |
18.595 |
0.325 |
2.600 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
2.097 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
3.156 |
3.865 |
7.666 |
|
(d) Short-term
provisions |
24.728 |
22.020 |
31.754 |
|
Total Current
Liabilities (4) |
29.981 |
25.885 |
39.420 |
|
|
|
|
|
|
TOTAL |
818.807 |
690.245 |
686.418 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5.250 |
6.667 |
9.223 |
|
(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 |
570.715 |
481.874 |
499.225 |
|
(c) Deferred tax assets (net) |
0.558 |
0.834 |
0.704 |
|
(d) Long-term Loan and Advances |
66.649 |
45.979 |
39.040 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
643.172 |
535.354 |
548.192 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
25.705 |
1.400 |
1.652 |
|
(b)
Inventories |
106.117 |
130.047 |
96.646 |
|
(c) Trade
receivables |
0.001 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
10.754 |
3.538 |
10.854 |
|
(e)
Short-term loans and advances |
32.437 |
19.286 |
28.372 |
|
(f) Other
current assets |
0.621 |
0.620 |
0.702 |
|
Total
Current Assets |
175.635 |
154.891 |
138.226 |
|
|
|
|
|
|
TOTAL |
818.807 |
690.245 |
686.418 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
438.004 |
178.403 |
209.053 |
|
|
Other Income |
3.090 |
3.024 |
2.948 |
|
|
TOTAL |
441.094 |
181.427 |
212.001 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
260.927 |
171.985 |
165.373 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
23.930 |
(33.401) |
(83.160) |
|
|
Employees benefits
expense |
9.065 |
6.828 |
6.658 |
|
|
Other expenses |
14.132 |
10.512 |
11.161 |
|
|
Provision for standard
assets |
0.035 |
0.000 |
0.000 |
|
|
TOTAL |
308.089 |
155.924 |
100.032 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
133.005 |
25.503 |
111.969 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.077 |
0.564 |
1.123 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
132.928 |
24.939 |
110.846 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.756 |
2.555 |
3.825 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
131.172 |
22.384 |
107.021 |
|
|
|
|
|
|
|
Less |
TAX |
24.976 |
(0.261) |
18.482 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
106.196 |
22.645 |
88.539 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
106.2 |
22.65 |
88.54 |
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 |
10.752 |
(74.704) |
(19.168) |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
8.178 |
(76.574) |
(88.187) |
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) |
438004.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
2.93 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.25 |
0.20 |
1.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
25.33 |
3.83 |
12.14 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.04 |
0.04 |
0.06 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.04 |
0.04 |
0.06 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1727.34 |
45.22 |
99.71 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
24.25 |
12.69 |
42.35 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
12.97 |
3.28 |
12.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
13.79 |
3.41 |
13.74 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
5.86 |
5.98 |
3.51 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.32 |
0.96 |
1.05 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.94 |
0.96 |
0.94 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
5.86 |
5.98 |
3.51 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 10/- |
|
Market Value |
INR 1232.95 (NSE) |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
634.398 |
654.035 |
760.231 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
644.398 |
664.035 |
770.231 |
|
|
|
|
|
|
long-term borrowings |
2.452 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
2.452 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.004 |
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 |
209.053 |
178.403 |
438.004 |
|
|
|
(14.661) |
145.514 |
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 |
209.053 |
178.403 |
438.004 |
|
Profit |
88.539 |
22.645 |
106.196 |
|
|
42.35% |
12.69% |
24.25% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
10.000 |
10.000 |
|
(b) Reserves &
Surplus |
|
2309.628 |
870.572 |
|
(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) |
|
2319.628 |
880.572 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
18.595 |
0.325 |
|
Total Non-current
Liabilities (3) |
|
18.595 |
0.325 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
2.097 |
0.000 |
|
(c) Other current
liabilities |
|
3.156 |
3.865 |
|
(d) Short-term provisions |
|
24.728 |
22.020 |
|
Total Current Liabilities
(4) |
|
29.981 |
25.885 |
|
|
|
|
|
|
TOTAL |
|
2368.204 |
906.782 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
5.250 |
6.667 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
2120.112 |
698.411 |
|
(c) Deferred tax assets
(net) |
|
0.558 |
0.834 |
|
(d) Long-term Loan and Advances |
|
66.649 |
45.979 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
2192.569 |
751.891 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
25.705 |
1.400 |
|
(b) Inventories |
|
106.117 |
130.047 |
|
(c) Trade receivables |
|
0.001 |
0.000 |
|
(d) Cash and cash
equivalents |
|
10.754 |
3.538 |
|
(e) Short-term loans and
advances |
|
32.437 |
19.286 |
|
(f) Other current assets |
|
0.621 |
0.620 |
|
Total Current Assets |
|
175.635 |
154.891 |
|
|
|
|
|
|
TOTAL |
|
2368.204 |
906.782 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
438.004 |
178.403 |
|
|
Other Income |
|
3.090 |
3.024 |
|
|
TOTAL |
|
441.094 |
181.427 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
260.927 |
171.985 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
23.930 |
-33.401 |
|
|
Employees benefits
expense |
|
9.065 |
6.828 |
|
|
Other expenses |
|
14.132 |
10.512 |
|
|
Provision for standard
assets |
|
0.035 |
0.000 |
|
|
TOTAL |
|
308.089 |
155.924 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
133.005 |
25.503 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.077 |
0.564 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
132.928 |
24.939 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
1.756 |
2.555 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
131.172 |
22.384 |
|
|
|
|
|
|
|
Less |
TAX |
|
24.976 |
-0.261 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
106.196 |
22.645 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
862.35 |
-180.39 |
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 |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
No |
|
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 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 |
COMPANY OVERVIEW
The company having its registered office at Dhunseri
House 4A, Woodburn Park, Kolkata- 700020, West Bengal, India. Carries on the business of
investing and trading in shares and securities and is registered as a
non-banking financial company duly approved by the reserve bank of India and
having registration No.05.01813.
STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND
NINE MONTHS ENDED 31 DECEMBER 2017
(INR In Million)
|
Particulars |
3 Months Ended |
9 Months Ended |
|||
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|||
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
||
|
|
Income |
|
|
|
|
|
|
Revenue from operations |
229.984 |
195.341 |
498.833 |
|
|
|
Other income |
3.564 |
1.069 |
5.632 |
|
|
|
Total Income from Operations (net) |
233.548 |
196.410 |
504.465 |
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
Purchases of Stock-in-Trade |
278.329 |
171.398 |
550.397 |
|
|
|
Changes in inventories of
finished goods, work-in-progress
and traded goods |
(123.474) |
(42.019) |
(214.262) |
|
|
|
Employee benefits expense |
1.365 |
1.168 |
3.372 |
|
|
|
Finance Cost |
- |
- |
- |
|
|
|
Depreciation and amortisation expense |
0.518 |
0.452 |
1.288 |
|
|
|
Other expenses |
3.511 |
2.951 |
12.982 |
|
|
|
Total Expenses |
160.249 |
133.95 |
353.777 |
|
|
|
Profit before exceptional
items and tax |
73.299 |
62.460 |
150.688 |
|
|
|
Exceptional item |
- |
- |
- |
|
|
|
Profit before tax |
73.299 |
62.460 |
150.688 |
|
|
|
Tax expense |
16.000 |
10.000 |
29.000 |
|
|
|
Net Profit/(Loss) for the period |
57.299 |
52.460 |
121.688 |
|
|
|
Paid – up Equity Share
Capital (Face Value Rs.10) |
10.000 |
10.000 |
10.000 |
|
|
|
Earning Per Share for the
Period of INR 1/- each |
|
|
|
|
|
Basic |
57.30 |
52.46 |
121.69 |
||
|
Diluted |
57.30 |
52.46 |
121.69 |
||
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
FIXED ASSETS
- Furniture and
fittings
- Computer
- Motor vehicle
- Leasehold
land
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 : |
GYT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 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.