|
|
|
MIRA
INFORM REPORT
|
Report No. : |
500631 |
|
Report Date : |
30.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRITON INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
5th Floor, Plot No. 17, Orient House (East Wing), Above Bank of
Baroda, Adi Marzban Road, Ballard Estate, Mumbai - 400 001, Maharashtra |
|
Tel. No.: |
91-22-22815133 / 22041276 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
07.02.2011 |
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|
|
|
Com. Reg. No.: |
11-213132 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 26.201 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2011PTC213132 |
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|
|
|
IEC No.: |
0311078168 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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GST : |
27AADCT7476K1ZD |
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|
|
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PAN No.: [Permanent Account No.] |
AADCT7476K |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Distributor, Exporter and Importer of Paper-Board, Graders of Paper. [Confirmed by Management] · Trading in Paper, stationery and Paper Products. (Registered activity) |
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|
|
|
No. of Employees
: |
40 [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 |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Tritcon International Private Limited was incorporated in the year 2011. It is a Distributor, Exporter and Importer of Paper-Board, Graders of Paper, etc. As per the financial records of 2017, the company has achieved 4.21% growth in its revenue as compared to the previous year’s revenue and has reported an average net profit margin of 2.84%. The company possesses satisfactory financial position marked by above average net worth base along with strong debt coverage indicator due to low debt balance sheet profile and comfortable liquidity parameters. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for
business dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
CARE |
|
Rating |
Long Term Loans BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
01.03.2017 |
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 30.03.2018.
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 [GENERAL DETAILS]
|
Name : |
Mr. Girish Javeri |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-33-22815133 |
|
Date : |
27.03.2018 |
LOCATIONS
|
Registered Office : |
5th Floor, Plot No. 17, Orient House (East Wing), Above Bank of
Baroda, Adi Marzban Road, Ballard Estate, Mumbai - 400 001, Maharashtra,
India |
|
Tel. No.: |
91-22-22815133 / 22041276 / 66223299 |
|
Fax No.: |
91-22-22815134 |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Vishal Veersingh Sukhani |
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|
Designation : |
Director |
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|
Address : |
1901, 19th Floor, Aditya Tower, Khatauwadi, Naushir
Bharucha Marg, Grant Road, Mumbai – 400007, Maharashtra, India |
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Date of Birth/Age : |
15.01.1975 |
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|
Date of Appointment : |
07.02.2011 |
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PAN No.: |
AAYPS5128D |
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DIN No.: |
00209862 |
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Other Directorship:
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Name : |
Mrs. Hema Sukhani |
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Designation : |
Director |
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|
Address : |
Akruti Aditya, 19th Floor, Flat No. 1902 CS No. 42,
Tardeo, Kharavadi, Grant Road, Mumbai – 400007, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
23.05.1977 |
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Date of Appointment : |
14.02.2012 |
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PAN No.: |
AGCPP5164G |
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DIN No.: |
02755334 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Girish Javeri |
|
Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
% age holding |
|
Vishal Veersingh Sukhani |
955100 |
36.45 |
|
Hema Vishal Sukhani |
1665000 |
63.55 |
|
|
|
|
|
Total |
2620100 |
100.00 |
AS ON: 26.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Distributor, Exporter and Importer of Paper-Board, Graders of Paper. [Confirmed by Management] · Trading in Paper, stationery and Paper Products. (Registered activity) |
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Products : |
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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 : |
Paper-Board, Graders of Paper, etc. |
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Countries : |
· Dubai · Africa |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
· Indonesia · European Countries · Germany |
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Terms : |
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Selling : |
Advance Payment and L/C |
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Purchasing : |
Advance Payment and L/C |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
40 [Approximately] |
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Bankers : |
· IDBI Bank Limited · Indian Bank · State Bank of India |
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Facilities : |
|
|
Auditors : |
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|
Name : |
Shabbir and Rita Associates L.L.P Chartered Accountants |
|
Address : |
63, Aarey Road, Narayan Niwas, Near Amba Mata Temple, Goregoan West, Mumbai – 400062, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACOFS3938D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
Subsidiary company: |
· Triton Global FZE, United Arab Emirates [Wholly owned subsidiary] · Trion Global Limited, Kenya [Step down subsidiary] |
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|
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
U70100MH2006PTC161461
U63090MH2015PTC269383 |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2620100 |
Equity Shares |
INR 10/- each |
INR 26.201
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 |
26.201 |
26.201 |
26.201 |
|
(b) Reserves & Surplus |
184.691 |
139.040 |
117.322 |
|
(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) |
210.892 |
165.241 |
143.523 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.070 |
0.867 |
|
(b) Deferred tax liabilities (Net) |
0.118 |
0.239 |
0.362 |
|
(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) |
0.118 |
0.309 |
1.229 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
200.223 |
238.066 |
130.541 |
|
(b)
Trade payables |
208.683 |
123.917 |
128.318 |
|
(c)
Other current liabilities |
13.217 |
6.800 |
11.198 |
|
(d)
Short-term provisions |
2.456 |
1.032 |
0.788 |
|
Total
Current Liabilities (4) |
424.579 |
369.815 |
270.845 |
|
|
|
|
|
|
TOTAL |
635.589 |
535.365 |
415.597 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
8.459 |
9.975 |
11.619 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.036 |
0.036 |
0.036 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
23.112 |
20.462 |
20.461 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
14.250 |
20.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
31.607 |
44.723 |
52.116 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
42.992 |
61.977 |
94.523 |
|
(c)
Trade receivables |
436.559 |
292.756 |
181.888 |
|
(d)
Cash and cash equivalents |
6.114 |
0.908 |
34.299 |
|
(e)
Short-term loans and advances |
116.966 |
132.937 |
50.215 |
|
(f)
Other current assets |
1.351 |
2.064 |
2.556 |
|
Total
Current Assets |
603.982 |
490.642 |
363.481 |
|
|
|
|
|
|
TOTAL |
635.589 |
535.365 |
415.597 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1699.904 |
1631.175 |
1477.232 |
|
|
|
Other Income |
40.083 |
60.410 |
59.986 |
|
|
|
TOTAL |
1739.987 |
1691.585 |
1537.218 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
1520.424 |
1369.996 |
1232.756 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
18.985 |
32.546 |
45.407 |
|
|
|
Employees benefits expense |
17.916 |
16.733 |
19.133 |
|
|
|
CSR expenditure |
0.000 |
0.400 |
0.000 |
|
|
|
Other expenses |
82.255 |
151.893 |
132.407 |
|
|
|
TOTAL |
1639.580 |
1571.568 |
1429.703 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
100.407 |
120.017 |
107.515 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
33.134 |
29.122 |
23.063 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
67.273 |
90.895 |
84.452 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.004 |
2.018 |
1.947 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
65.269 |
88.877 |
82.505 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
16.998 |
21.307 |
19.219 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
48.271 |
67.570 |
63.286 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of traded goods exported |
1496.770 |
1611.499 |
56.566 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Traded
Goods |
1114.868 |
927.080 |
867.903 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
18.42 |
25.79 |
24.15 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.070 |
0.797 |
0.718 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
59.521 |
(60.472) |
5.722 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
45.992 |
(81.819) |
(17.162) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
93.74 |
65.51 |
44.94 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.89 |
5.57 |
8.12 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
50.10 |
33.01 |
37.99 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.34 |
1.94 |
1.14 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
11.82 |
11.99 |
9.22 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.67 |
0.69 |
0.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.95 |
1.45 |
0.92 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.01 |
2.24 |
1.89 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.04 |
0.06 |
0.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.03 |
4.12 |
4.66 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.84 |
4.14 |
4.28 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.59 |
12.62 |
15.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.89 |
40.89 |
44.09 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.42 |
1.33 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.32 |
1.16 |
0.99 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.33 |
0.31 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.64 |
9.12 |
5.04 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.42 |
1.33 |
1.34 |
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 |
26.201 |
26.201 |
26.201 |
|
Reserves & Surplus |
117.322 |
139.040 |
184.691 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
143.523 |
165.241 |
210.892 |
|
|
|
|
|
|
long-term borrowings |
0.867 |
0.070 |
0.000 |
|
Short term borrowings |
130.541 |
238.066 |
200.223 |
|
Current Maturities of Long
term debt |
0.718 |
0.797 |
0.070 |
|
Total
borrowings |
132.126 |
238.933 |
200.293 |
|
Debt/Equity
ratio |
0.921 |
1.446 |
0.950 |
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 |
1477.232 |
1631.175 |
1699.904 |
|
|
|
10.421 |
4.213 |
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 |
1477.232 |
1631.175 |
1699.904 |
|
Profit |
63.286 |
67.570 |
48.271 |
|
|
4.28% |
4.14% |
2.84% |
ABRIDGED
BALANCE SHEET [CONSOLIDATE]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
26.201 |
26.201 |
|
(b) Reserves & Surplus |
|
625.852 |
501.204 |
|
(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) |
|
652.053 |
527.405 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.253 |
0.679 |
|
(b) Deferred tax liabilities (Net) |
|
0.118 |
0.239 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
0.371 |
0.918 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
265.319 |
257.337 |
|
(b)
Trade payables |
|
369.069 |
300.577 |
|
(c)
Other current liabilities |
|
21.438 |
34.154 |
|
(d)
Short-term provisions |
|
3.174 |
1.703 |
|
Total
Current Liabilities (4) |
|
659.000 |
593.771 |
|
|
|
|
|
|
TOTAL |
|
1311.424 |
1122.094 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
38.664 |
43.532 |
|
(ii)
Intangible Assets |
|
9.063 |
9.063 |
|
(iii)
Capital work-in-progress |
|
0.036 |
0.036 |
|
(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 Loan
and Advances |
|
0.000 |
14.250 |
|
(e)
Other Non-current assets |
|
5.026 |
2.376 |
|
Total
Non-Current Assets |
|
52.789 |
69.257 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
46.622 |
61.977 |
|
(c)
Trade receivables |
|
918.578 |
724.282 |
|
(d)
Cash and cash equivalents |
|
29.708 |
35.747 |
|
(e)
Short-term loans and advances |
|
262.377 |
228.767 |
|
(f)
Other current assets |
|
1.350 |
2.064 |
|
Total
Current Assets |
|
1258.635 |
1052.837 |
|
|
|
|
|
|
TOTAL |
|
1311.424 |
1122.094 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
4819.578 |
4470.706 |
|
|
|
Other Income |
|
47.328 |
59.900 |
|
|
|
TOTAL |
|
4866.906 |
4530.606 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
|
4355.905 |
3918.213 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
15.355 |
32.546 |
|
|
|
Employees benefits expense |
|
33.694 |
28.722 |
|
|
|
Other expenses |
|
207.739 |
287.173 |
|
|
|
TOTAL |
|
4612.693 |
4266.654 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
254.213 |
263.952 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
56.685 |
54.893 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
197.528 |
209.059 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
4.689 |
4.635 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
192.839 |
204.424 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
16.999 |
21.308 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
175.840 |
183.116 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
|
67.11 |
69.74 |
|
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) |
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C69318418 |
10593151 |
IDBI BANK LIMITED |
20/08/2015 |
27/10/2015 |
- |
240000000.0 |
47, OPUS CENTRE,
CENTRAL ROAD, MIDC,ANDHERI EASTMUMBAIMH400093IN |
|
2 |
C66458506 |
10371932 |
STATE BANK OF
INDIA |
28/06/2012 |
- |
23/09/2015 |
252000000.0 |
NEAR HINDUSTAN
NAKA, GOVT. INDUSTRIAL ESTATE,PLOT NO.11/B, KANDIVALI (WEST)MUMBAIMH400067IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from others |
7.000 |
0.000 |
|
|
|
|
|
Total |
|
|
CHANGE OF ADDRESS:
Registered address of the company has been shifted from 701 Embassy
Centre, Nariman Point, Mumbai - 400021, Maharashtra, India to the present
address w.e.f.01.02.2012
BUSINESS REVIEW/STATE OF THE COMPANY'S
AFFAIRS
The Company is engaged into Paper Industry and is doing trading activities. The Company has one Wholly Owned Subsidiary (WOS) viz. Triton Global FZE incorporated in Dubai, United Arab Emirates. Full shareholding is held by the Company.
M/s. Trion Global Limited, Kenya, incorporated under the Company laws of Kenya is a wholly owned step down subsidiary of M/s. Triton Global FZE.
The company along with subsidiaries and step down subsidiaries are primarily engaged in the business of trading in paper, paper products and
stationery which are multipurpose. Indian paper industry accounts for about 1.6% of the world's production of paper and paperboard. The estimated turnover of the industry is INR 250000.000 million and its contribution to the exchequer is around INR 29180.000 million.
The industry provides employment to more than 0.12 million people directly and 0.34 million people indirectly. Indian handmade paper industry is a vast industry comprising more than 157 handmade paper-producing divisions all over India. These 157 functional units together manufacture paper worth around INR 210.000 million and provide employment to 10,000 people.
The total installed capacity in the country is approximately 12 million tons. The industry grew with the rising level of literacy, improving well-being of the people and surging aspiration levels. Paper usage has increased over the years, still per capita consumption in the country is estimated to be barely 10 kgs compared with 75 kgs in China, 158 kgs each in European Union, Korea, Taiwan, Hong Kong, Singapore and Malaysia, 218 kgs in Japan, 224 kgs in North America, and the global average itself is a healthy 60 kgs.
Further, there are no significant events occurred between the end of the financial year of the company to which the financial statements relate and the date of the report which has a significant influence on the Company's Accounts, financial positions and profitability.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
corporate bank gurantees given to wholly own subsidiary (USD 2 Million) |
129.680 |
0.000 |
FIXED ASSETS:
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment’s
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 65.04 |
|
UK Pound |
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
ARC |
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 opera tions 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.