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|
MIRA INFORM REPORT
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Report No. : |
501506 |
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Report Date : |
31.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
R R PLAST EXTRUSIONS PRIVATE LIMITED |
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Registered
Office : |
403/404, 4th Floor, Dilkap Center, Lobo Compound, Andheri-Kurla Road,
Sakinaka, Andheri (East), Mumbai – 400072, Maharashtra |
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Tel. No.: |
91-22-28568282 / 283 / 291 / 293 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
23.02.2005 |
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Com. Reg. No.: |
11-151527 |
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Capital
Investment / Paid-up Capital : |
INR 0.500 Million |
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CIN No.: [Company Identification
No.] |
U28900MH2005PTC151527 |
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IEC No.: [Import-Export Code No.] |
0306015617 |
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TIN/CST No.: |
27750390203 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AADCR0072R1ZZ |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCR0072R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into manufacturing and assembling of Extruder Machine, Plant, PVC Profile Plant, PP Inline, Sheet Line Plant, Online Drip Irrigation Plant and Jockey Extruder and its spare parts, accessories and components. (Registered Activity and also Confirmed by management) |
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No. of Employees
: |
50 (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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 2005 and it is a manufacturer of extruder machine, plant, PVC profile plant, recycling plant, PP inline and sheet line plant. As per financials of March 2017, the company has registered decline in its revenue as compared to its previous year’s revenue and has reported good profit margin of 15.45%. Rating takes into consideration the company’s established track record of business operations marked by healthy net worth along with debt free balance sheet and good liquidity position. Further, the company has reported a healthy earnings per share of INR 2,049.48 against its face value of INR 10. Payments terms seems to be regular. In view of aforesaid, the company can be considered good for business dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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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 31.03.2018
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. Ankur |
|
Designation : |
Accounts Executive |
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Contact No.: |
91-22-28568282 |
|
Date : |
31.03.2018 |
LOCATIONS
|
Registered Office / Corporate Office: : |
403/404, 4th Floor, Dilkap Center, Lobo Compound, Andheri-Kurla Road,
Sakinaka, Andheri (East), Mumbai – 400072, Maharashtra, India |
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Tel. No.: |
91-22-28568282 / 283 / 291 / 293/ 28528247 |
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Fax No.: |
91-22-28509603 |
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E-Mail : |
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Website : |
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Factory : |
Survey No. - 164/4, 12/1, Opposite Neel Engineering
Company, National Highway 3, Behind Hotel Pariwar Garden, Opposite Neel Eng.
Company, Village Asangaon (West),
Taluka Shahpur, District Thane – 421301, Maharashtra, India |
|
Location : |
Owned |
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Locality : |
Industrial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Jagdish Ramesh Kamble |
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Designation : |
Director |
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Address : |
C1/18, Jyoti Sadan Co-Operative Housing Society, Gulmohar
Cross Road, J.V.P.D. Scheme, Juhu, Mumbai – 400049, Maharashtra, India |
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Date of Birth/Age : |
15.03.1977 |
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Date of Appointment : |
23.02.2005 |
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DIN No. : |
00437632 |
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Other Directorship:
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Name : |
Mr. Ramesh Fakira Kamble |
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Designation : |
Director |
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Address : |
C-1/18, Jyoti Sadan, Gulmohar Cross Road No.6, J.V.P.D., Juhu Scheme, Mumbai – 400049, Maharashtra, India |
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Date of Birth/Age : |
14.06.1951 |
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Date of Appointment : |
23.02.2005 |
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Voter ID No. : |
MT/08/039/0081176 |
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DIN No. : |
00437802 |
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KEY EXECUTIVES
|
Name : |
Santosh Kini Company |
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Designation : |
Company Secretary |
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Address : |
Office No. 22, 4111 Floor, Shreenath Bhuvan, Old Post Office Lane, Kalbadevi Road, Mumbai - 400002, Maharashtra, India |
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Tel. No: |
91-22-40229681 |
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Email: |
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|
Name : |
Mr. Ankur |
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Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Ramesh Fakira Kamble |
20000 |
40.00 |
|
Jagdish Ramesh Kamble |
10000 |
20.00 |
|
Suman Ramesh Kamble |
15000 |
30.00 |
|
Shruti Jagdish Kamble |
5000 |
10.00 |
|
Total |
50000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject is engaged into manufacturing and assembling of Extruder Machine, Plant, PVC Profile Plant, PP Inline, Sheet Line Plant, Online Drip Irrigation Plant and Jockey Extruder and its spare parts, accessories and components. (Registered Activity and also Confirmed by management) |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Advance Payment, Cheque, Cash and Credit (30 / 60 Days) |
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Purchasing : |
L/C, Advance Payment, Cheque, Cash and Credit (30 / 60 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers, End Users
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
(INR
In Million)
NOTES: SHORT TERM
BORROWING This is secured by way of fist and exclusive charge on all
existing and future current assets/ movable fixed assets of the company and collateral
security by way of equitable mortgage of proposed office premises at Dilkap
Centre, Orchid Park, A.K. Road, Sakinaka, Andheri (East), Mumbai and
residential flat of a director. Director
and the directors’ spouse are co-borrowers.] |
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Auditors : |
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|
Name : |
Shet and Associates Chartered Accountants |
|
Address : |
607/B, 7th Floor, ECSTASY Business Park, Next to Citi of
Joy, J.S.D. Road, Mulund (West), Mumbai – 400080, Maharashtra, India |
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Tel. No.: |
91-25917920/ 25917921 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
BSNPS8019M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Company/ Concern in which KMP: |
R.R. Engineering Works |
CAPITAL STRUCTURE
As on: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 10/- each |
INR 2.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 10/- each |
INR 0.500
Million |
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|
|
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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
302.468 |
200.408 |
104.872 |
|
(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) |
302.968 |
200.908 |
105.372 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.834 |
1.055 |
1.432 |
|
(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) |
0.834 |
1.055 |
1.432 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
20.880 |
0.015 |
|
(b) Trade
payables |
266.534 |
177.271 |
191.843 |
|
(c) Other current
liabilities |
9.609 |
4.249 |
6.656 |
|
(d) Short-term
provisions |
1.899 |
4.233 |
10.228 |
|
Total Current
Liabilities (4) |
278.042 |
206.633 |
208.742 |
|
|
|
|
|
|
TOTAL |
581.844 |
408.596 |
315.546 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
83.446 |
90.059 |
79.329 |
|
(ii)
Intangible Assets |
0.182 |
0.177 |
0.110 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(v) Advance
for capital expenditure |
97.647 |
91.868 |
35.403 |
|
(v)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
70.100 |
0.100 |
6.541 |
|
(c) Deferred tax assets (net) |
0.000 |
1.677 |
1.297 |
|
(d) Long-term Loan and Advances |
2.038 |
0.228 |
0.828 |
|
(e) Other
Non-current assets |
1.501 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
254.914 |
184.109 |
123.508 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
62.441 |
57.952 |
25.525 |
|
(c) Trade
receivables |
27.111 |
43.545 |
19.111 |
|
(d) Cash
and cash equivalents |
194.632 |
84.496 |
107.682 |
|
(e)
Short-term loans and advances |
42.746 |
38.494 |
39.720 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
326.930 |
224.487 |
192.038 |
|
|
|
|
|
|
TOTAL |
581.844 |
408.596 |
315.546 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
667.756 |
693.701 |
573.601 |
|
|
Other Income |
25.341 |
19.988 |
17.225 |
|
|
TOTAL |
693.097 |
713.689 |
590.826 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
403.161 |
448.207 |
422.565 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(30.778) |
(3.509) |
11.001 |
|
|
Employees benefits expense |
72.522 |
66.258 |
43.944 |
|
|
Other expenses |
78.149 |
42.209 |
43.088 |
|
|
TOTAL |
523.054 |
553.165 |
520.598 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
170.043 |
160.524 |
70.228 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.638 |
1.485 |
0.798 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
168.405 |
159.039 |
69.430 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
11.152 |
10.725 |
7.347 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
157.253 |
148.314 |
62.083 |
|
|
|
|
|
|
|
Less |
TAX |
54.779 |
52.778 |
21.764 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
102.474 |
95.536 |
40.319 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
199.408 |
103.872 |
63.553 |
|
|
|
|
|
|
|
Less |
CSR Expenditure |
(0.415) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
301.467 |
199.408 |
103.872 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
235.450 |
298.924 |
202.151 |
|
|
TOTAL
EARNINGS |
235.450 |
298.924 |
202.151 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Machines, Components and
Stores parts and Accessories |
88.343 |
171.431 |
154.451 |
|
|
TOTAL
IMPORTS |
88.343 |
171.431 |
154.451 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
2049.48 |
1910.73 |
806.39 |
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 |
259.165 |
74.525 |
147.996 |
|
Net cash flows from (used in) operating activities |
203.750 |
21.525 |
127.352 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
14.82 |
22.91 |
12.16 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
24.63 |
15.93 |
30.01 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
241.31 |
144.36 |
165.71 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.72 |
2.77 |
2.75 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.94 |
0.88 |
0.61 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.48 |
0.51 |
0.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.10 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.92 |
1.03 |
1.98 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.60 |
0.91 |
1.09 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
103.81 |
108.10 |
88.01 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
15.35 |
13.77 |
7.03 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
17.61 |
23.38 |
12.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
33.82 |
47.55 |
38.26 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.18 |
1.09 |
0.92 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.95 |
0.81 |
0.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.52 |
0.49 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
41.76 |
0.03 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.18 |
1.09 |
0.92 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
104.872 |
200.408 |
302.468 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
105.372 |
200.908 |
302.968 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.015 |
20.880 |
0.000 |
|
Total
borrowings |
0.015 |
20.880 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.104 |
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 |
573.601 |
693.701 |
667.756 |
|
|
|
20.938 |
(3.740) |
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 |
573.601 |
693.701 |
667.756 |
|
Profit |
40.319 |
95.536 |
102.474 |
|
|
7.03% |
13.77% |
15.35% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
NOTE: Registered office of the company has been
shifted from “B-3, Nand Jyot Industrial Estate, Safed Pool, Sakinaka, Andheri - Kurla
Road, Andheri (East), Mumbai – 400072, Maharashtra, India “ to the present registrar address.
STATE OF COMPANY
AFFAIRS:
The highlights of
the Company’s performance are as under:
- Revenue from operations decreased by
3.74% from INR 693.701 million to INR 667.756 million.
- Net profit for the year increased by
6.03% from INR 148.314 million to INR 157.253 million.
- Earnings per share have increased by
7.26% from INR 1910.73
to INR 2049.48
CORPORATE
INFORMATION
The company was incorporated on 23rd February, 2005 and is
the manufacturer/ assembler of Extruder Machine, Plant, PVC Profile Plant, PP
Inline, Sheet Line Plant, Online Drip Irrigation Plant and Jockey Extruder and
its spare parts, accessories and components.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B79112835 |
10348699 |
KOTAK MAHINDRA BANK LIMITED |
20/03/2012 |
28/06/2013 |
- |
46500000.0 |
36-38-A, Nariman Bhavan, 227, D, Nariman Point, Mumbai - 400021, Maharashtra, India |
|
2 |
A96856125 |
10246107 |
KOTAK MAHINDRA BANK LIMITED |
25/10/2010 |
- |
- |
10000000.0 |
36-38-A, Nariman Bhavan, 227, D, Nariman Point, Mumbai - 400021, Maharashtra, India |
|
3 |
A74004318 |
90354095 |
THE BHARAT CO-OPERATIVE BANK LIMITED |
28/09/2005 |
- |
24/11/2009 |
11500000.0 |
ANDHERI BRANCH, ANDHERI, MUMBAI, Maharashtra, India |
FIXED ASSETS
v
Tangible
Assets
· Factory Land
· Site Development
· Factory Building
· Air Conditioners
· Aqua Guard Cooler
· Fax Machine
· Computers
· Electrical and Fittings
· Furniture’s and Fixtures
· Laptop
· Mobile Handsets
· Office Equipments
· Plant and Machineries
· Finger Print Machine
· Printers
· Motor Car
· Water Cooler
· Water Purifier
· Fork Lift
· Panasonic Camera
· Grass Cutting Machine
v
Intangible
Assets
· Computer Software
CMT REPORT (Corruption, Money Laundering
& Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.06 |
|
|
1 |
INR 92.06 |
|
Euro |
1 |
INR 80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
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 |
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.