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|
MIRA INFORM REPORT
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Report No. : |
500794 |
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Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TURAKHIA OVERSEAS PRIVATE LIMITED |
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|
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Registered
Office : |
Block B, 904/905, Ninth Floor, West Gate, Near YMCA Club,
S. No. 835/173, S.G. Highway, Makarba, Ahmedabad – 380015, Gujarat |
|
Tel. No.: |
91-22-25114285 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
17.09.1993 |
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Com. Reg. No.: |
04-020217 |
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Capital
Investment / Paid-up Capital : |
INR 5.250 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909GJ1993PTC020217 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
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PAN No.: [Permanent Account No.] |
AAACT5636N |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
24AAACT5636N1Z2 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of plywood and decorative veener sheets.
(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 |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1993 and it is having good track record. As per the financial year 2017, the company has increases its revenue from operational as compared to previous year and maintained decent profitability margin of 9.42% Rating takes into consideration sound financial profile of the company marked by healthy networth base and low debt balance sheet. Further, rating also reflects from its established track records business operation and improvement in the revenue profile during the year. Trade relations are reported as fair. Business is active. Payments are reported to be regular. In view of the 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.
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.: 91-22-25114285)
Tel No.:
91-2762-286520/ 91-276-4281284 - Not Working
LOCATIONS
|
Registered Office : |
Block B, 904/905, Ninth Floor, West Gate, Near YMCA Club,
S. No. 835/173, S.G. Highway, Makarba, Ahmedabad – 380015, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office 1 : |
307, Traffic Lite, 3rd Floor, M.G. Road, Ghatkopar (West), Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25114285 |
|
|
|
|
Corporate Office 2 : |
Plot No.2, Kothari Industrial Estate No.2, At & Post Santej, Taluka
Kalol, District Mehsana-382721, Gujarat
India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Arpan Dhimantbhai Turakhia |
|
Designation : |
Whole Time Director |
|
Address : |
Neelkant Kiran, 2/SJ, Garodia Nagar, Rajawad, Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
26.09.980 |
|
Date of Appointment : |
01.07.2005 |
|
DIN No.: |
00481681 |
|
|
|
|
Name : |
Mr. Chintan Punamchand Turakhia |
|
Designation : |
Whole Time Director |
|
Address : |
2, Neelkanth Darshan 60 Feet Road, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
06.06.1980 |
|
Date of Appointment : |
15.11.2000 |
|
DIN No.: |
00481719 |
|
|
|
|
Name : |
Mr. Hemal Punamchand Turakhia |
|
Designation : |
Whole Time Director |
|
Address : |
B-203, Pushpvan Apartments, Opposite Rudhir Blow, Behind Grand Bhagwati, Bodakdev, Ahmedabad – 380054, Gujarat, India |
|
Date of Birth/Age : |
16.03.1973 |
|
Date of Appointment : |
03.10.1995 |
|
DIN No.: |
00481788 |
|
|
|
|
Name : |
Mr. Dhimantbhai Hiralal Turakhia |
|
Designation : |
Whole Time Director |
|
Address : |
702, 7th Floor, Plot No.199, Parna Kutir Corporate Housing Society, S R B Mehta Road, Ghatkopar – (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
07.07.1952 |
|
Date of Appointment : |
17.09.1993 |
|
DIN No.: |
00481848 |
|
|
|
|
Name : |
Mr. Amish Dhimantbhai Turakhia |
|
Designation : |
Whole Time Director |
|
Address : |
B/203, Pushpvan Apartment Opposite Rudhir Bunglows, Bodakdev, Ahmedabad -380054, Gujarat, India |
|
Date of Birth/Age : |
17.03.1983 |
|
Date of Appointment : |
20.12.2006 |
|
DIN No.: |
01121028 |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Punamchand Hiralal Turakhia |
|
35000 |
|
Vasumatiben Punamchand Turakhia |
|
16400 |
|
Punamchand Hiralal Turakhia HUF |
|
46800 |
|
Hemal Punamchand Turakhia |
|
53300 |
|
Deepaben Hemalkumar Turakhia |
|
23500 |
|
Chintan Punamchand Turakhia |
|
76100 |
|
Dhimant Hiralal Turakhia |
|
33500 |
|
Smitaben Dhirnantbhai Turakhia |
|
40200 |
|
Dhimant Turakhia HUF |
|
19900 |
|
Arpan Dhirnantbhai Turakhia |
|
89200 |
|
Amish Dhirnantbhai Turakhia |
|
88100 |
|
Bhaumi Chintan Turakhia (Minor) |
|
100 |
|
Jinil Chintan Turakhia (Minor) |
|
200 |
|
Kavisha Hemal Turakhia (Minor) |
|
300 |
|
Soham Hemal Turakhia (Minor) |
|
400 |
|
Uchit Chintan Turakhia (Minor) |
|
200 |
|
Khushabu Chintan Turakhia |
|
200 |
|
Heet Arpan Turakhia (Minor) |
|
200 |
|
Mit Arpan Turakhia (Minor) |
|
200 |
|
Minal Arpan Turakhia |
|
300 |
|
Puja Amish Turakhia |
|
300 |
|
Zeal Amish Turakhia (Minor) |
|
400 |
|
Ishita D. Turakhia |
|
200 |
|
Total |
|
525000 |
As on 11.10.2017
|
Names of Allottees |
|
No. of Shares |
|
Punamchand Hiralal Turakhia |
|
70000 |
|
Vasumatiben Punamchand Turakhia |
|
32800 |
|
Punamchand Hiralal Turakhia HUF |
|
93600 |
|
Hemal Punamchand Turakhia |
|
106600 |
|
Deepaben Hemalkumar Turakhia |
|
47000 |
|
Chintan Punamchand Turakhia |
|
152200 |
|
Dhimant Hiralal Turakhia |
|
67000 |
|
Smitaben Dhirnantbhai Turakhia |
|
80400 |
|
Dhimant Turakhia HUF |
|
39800 |
|
Arpan Dhirnantbhai Turakhia |
|
178400 |
|
Amish Dhirnantbhai Turakhia |
|
176200 |
|
Bhaumi Chintan Turakhia (Minor) |
|
200 |
|
Jinil Chintan Turakhia (Minor) |
|
400 |
|
Kavisha Hemal Turakhia (Minor) |
|
600 |
|
Soham Hemal Turakhia (Minor) |
|
800 |
|
Uchit Chintan Turakhia (Minor) |
|
400 |
|
Khushabu Chintan Turakhia |
|
400 |
|
Heet Arpan Turakhia (Minor) |
|
400 |
|
Mit Arpan Turakhia (Minor) |
|
400 |
|
Minal Arpan Turakhia |
|
600 |
|
Puja Amish Turakhia |
|
600 |
|
Zeal Amish Turakhia (Minor) |
|
800 |
|
Ishita D. Turakhia |
|
400 |
|
Total |
|
1050000 |
Equity Share Break up (Percentage of Total Equity)
As on 21.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of plywood and decorative veener sheets.
(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 (As on 31.03.2017)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Ply and decorative Ply |
Sq. Mtr. |
816000 |
725361 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
K J P and Company Chartered Accountants |
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Address : |
"Nobles", 4th Floor, Opposite Nehru Bridge, Ashram Road,
Ahmedabad
– 380009, Gujarat, India |
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Income-tax
PAN of auditor or auditor's firm : |
ABCPP2572P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other related parties : |
·
Turakhia Infrastructure (Hiralal Turakhia Family
Trust) ·
Punamchand H. Turakhia (HUF) ·
Dhimant H. Turakhia (HUF) |
CAPITAL STRUCTURE
As on 21.09.2017
Authorised Capital : INR 20.000 Million
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1575000 |
Equity Shares |
INR 10/- each |
INR 15.750 Million |
|
|
|
|
|
As on 21.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
999000 |
Equity Shares |
INR 10/- each |
INR 9.990 Million |
|
1000 |
Preference Shares |
INR 10/- each |
INR 0.010 Million |
|
|
Total |
|
INR 10.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
525000 |
Equity Shares |
INR 10/- each |
INR 5.250 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
5.250 |
7.000 |
7.000 |
|
(b) Reserves & Surplus |
302.394 |
375.820 |
313.934 |
|
(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) |
307.644 |
382.820 |
320.934 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
71.777 |
50.955 |
16.707 |
|
(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 |
20.018 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
91.795 |
50.955 |
16.707 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
42.198 |
45.979 |
70.198 |
|
(b) Trade payables |
9.410 |
14.436 |
33.291 |
|
(c) Other current liabilities |
38.826 |
30.210 |
31.711 |
|
(d) Short-term provisions |
0.000 |
0.000 |
33.700 |
|
Total
Current Liabilities (4) |
90.434 |
90.625 |
168.900 |
|
|
|
|
|
|
TOTAL |
489.873 |
524.400 |
506.541 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
76.283 |
81.625 |
64.588 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.533 |
1.876 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.660 |
3.660 |
3.660 |
|
(c) Deferred tax assets (net) |
2.997 |
1.300 |
0.214 |
|
(d) Long-term Loan and Advances |
54.925 |
61.201 |
60.981 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
137.865 |
148.319 |
131.319 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
82.788 |
63.533 |
38.049 |
|
(b) Inventories |
159.671 |
168.111 |
137.304 |
|
(c) Trade receivables |
89.399 |
91.350 |
96.344 |
|
(d) Cash and cash equivalents |
11.089 |
12.751 |
37.163 |
|
(e) Short-term loans and
advances |
8.903 |
40.290 |
66.033 |
|
(f) Other current assets |
0.158 |
0.046 |
0.329 |
|
Total
Current Assets |
352.008 |
376.081 |
375.222 |
|
|
|
|
|
|
TOTAL |
489.873 |
524.400 |
506.541 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
448.223 |
411.043 |
512.080 |
|
|
Other Income |
5.357 |
4.979 |
4.422 |
|
|
TOTAL
|
453.580 |
416.022 |
516.502 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
198.347 |
197.075 |
177.395 |
|
|
Purchases of Shares |
0.000 |
0.000 |
44.835 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.701) |
(16.523) |
18.036 |
|
|
Employees benefits expense |
94.907 |
56.629 |
54.693 |
|
|
Other expenses |
31.940 |
31.901 |
27.226 |
|
|
Manufacturing expenses |
30.844 |
35.553 |
31.419 |
|
|
TOTAL |
354.337 |
304.635 |
353.604 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
99.243 |
111.387 |
162.898 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
9.782 |
4.418 |
3.584 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
89.461 |
106.969 |
159.314 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
17.998 |
14.465 |
12.584 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
71.463 |
92.504 |
146.730 |
|
|
|
|
|
|
|
Less |
TAX |
29.259 |
30.618 |
48.847 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
42.204 |
61.886 |
97.883 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
171.428 |
169.917 |
126.626 |
|
|
Stores |
0.387 |
2.311 |
3.217 |
|
|
Traveling & Exhibition |
2.936 |
4.284 |
3.487 |
|
|
Fixed Assets |
0.686 |
7.425 |
2.125 |
|
|
TOTAL
IMPORTS |
175.437 |
183.937 |
135.455 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
65.03 |
88.41 |
139.83 |
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 |
136.970 |
62.396 |
222.946 |
|
Net cash flows from (used in) operations |
105.170 |
30.996 |
172.029 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
72.80 |
81.12 |
68.67 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.01 |
4.50 |
5.32 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
17.32 |
26.74 |
54.68 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.62 |
0.66 |
1.19 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.30 |
1.36 |
2.45 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.33 |
0.27 |
0.37 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.37 |
0.25 |
0.27 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.29 |
0.24 |
0.53 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.25 |
0.21 |
0.21 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
10.15 |
25.21 |
45.45 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
9.42 |
15.06 |
19.11 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.62 |
11.80 |
19.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
13.72 |
16.17 |
30.50 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
3.89 |
4.15 |
2.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.13 |
2.29 |
1.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.63 |
0.73 |
0.63 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
21.71 |
13.85 |
12.42 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
3.89 |
4.15 |
2.22 |
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 |
7.000 |
7.000 |
5.250 |
|
Reserves & Surplus |
313.934 |
375.820 |
302.394 |
|
Net
worth |
320.934 |
382.820 |
307.644 |
|
|
|
|
|
|
long-term borrowings |
16.707 |
50.955 |
71.777 |
|
Short term borrowings |
70.198 |
45.979 |
42.198 |
|
Total
borrowings |
86.905 |
96.934 |
113.975 |
|
Debt/Equity
ratio |
0.271 |
0.253 |
0.370 |
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 |
512.080 |
411.043 |
448.223 |
|
|
|
(19.731) |
9.045 |
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 |
512.080 |
411.043 |
448.223 |
|
Profit |
97.883 |
61.886 |
42.204 |
|
|
19.11% |
15.06% |
9.42% |
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 |
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 |
BUSINESS PROSPECTS, FUTURE
OUTLOOK AND INTERNAL CONTROL:
During the year, the company has achieved a gross turnover of INR 448.223 Million compared to previous year turnover of INR 411.043 Million. The operations for the year has resulted into Net Profit of INR 42.204 Million compared to INR 61.886 Million during the previous year. The directors inform the future outlook of the Plywood industries is bright.
The management is putting strenuous efforts to the cost control pattern in the manufacturing and administrative overheads and proper utilization of available resources.
The company has in place an established internal control system designed to ensure proper recording of financial and operational information and compliance of various internal controls.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
From Directors |
34.151 |
14.241 |
|
From shareholder |
37.626 |
36.714 |
|
Total |
71.777 |
50.955 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
A89977409 |
10229181 |
THE KALUPUR COMMERCIAL CO-OP. BANK LIMITED |
20/07/2010 |
- |
10000000.0 |
KALUPUR BANK BHAVANASHRAM ROAD, AHMEDABAD – 380014, GUJARAT, INDIA |
|
2 |
A01881374 |
10006967 |
The Kalupur Commercial Cooperative Bank Limited |
06/06/2006 |
- |
7500000.0 |
415 CHOKHA BAZAR KALUPUR, AHMEDABAD – 380002, GUJARAT, INDIA |
|
3 |
Z00614248 |
80047949 |
THE KALUPUR COMMERCIAL CO0OPERATIVE BANK LIMITED |
18/03/2006 |
- |
4335000.0 |
416, CHOKHA BAZAR, KALUPUR, AHMEDABAD – 380002, GUJARAT, INDIA |
|
4 |
Y10182709 |
90096109 |
THE KALUPUR COMMERCIAL CO.OP. BANK |
12/03/2003 |
- |
7500000.0 |
VIKRAM BRANCH ; SAROJ CHAMBERS ASHRAM ROAD, AHMEDABAD – 380009, GUJARAT, INDIA |
|
5 |
Y10182286 |
90095686 |
KOTAK MAHINDRA FINANCE LTD. |
25/06/2002 |
- |
569000.0 |
5-C II MIAAL COURTGROUND FLOOR ; 224 NARIMAN POINT, MUMBAI – 400021, MAHARASHTRA, INDIA |
|
6 |
Y10182690 |
90096090 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
23/05/2002 |
18/02/2003 |
20000000.0 |
VIKRAM BRANCH ; SAROJ CHAMBERS ASHRAM ROAD, AHMEDABAD – 380009, GUJARAT, INDIA |
|
7 |
Y10182283 |
90095683 |
THE KALUPUR COMMERCIAL CO.OP. BANK |
13/05/2002 |
18/02/2003 |
10000000.0 |
VIKRAM BRANCH ; SAROJ CHAMBERS ASHRAM ROAD, AHMEDABAD – 380009, GUJARAT, INDIA |
|
8 |
Y10182829 |
90096229 |
KOTAK MAHINDRA FINANCE LTD. |
28/08/2000 |
- |
1350000.0 |
5-C II MIAAL COURTGROUND FLOOR ; 224 NARIMAN POINT, MUMBAI – 400021, MAHARASHTRA, INDIA |
|
9 |
A44080869 |
90096010 |
THE KALUPUR COMMERCIAL CO-OP BANK LIMITED |
30/07/1998 |
17/07/2008 |
32500000.0 |
KALUPUR BANK BHAVANASHRAM ROAD, AHMEDABAD – 380014, GUJARAT, INDIA |
|
10 |
B73698003 |
90096008 |
THE KALUPUR COMMERCIAL CO-OP. BANK LIMITED |
27/07/1998 |
08/04/2013 |
175000000.0 |
KALUPUR BANK BHAVANASHRAM ROAD, AHMEDABAD – 380014, GUJARAT, INDIA |
FIXED ASSETS
·
Land
·
Borewell
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Computer
·
Vehicles
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 : |
SUP |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·