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|
MIRA INFORM REPORT
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Report No. : |
503831 |
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Report Date : |
30.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
A. INNOVATIVE INTERNATIONAL LIMITED |
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Registered
Office : |
Shed A, Survey No. 212/2, B/h Intas Pharma, Matoda Patia, Village
Chacharwadi, Sarkhej Bavla Highway, Ahmedabad – 382213, Gujarat |
|
Tel. No.: |
91-9538454546 (Mr. Nilesh) |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
24.02.2009 |
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Com. Reg. No.: |
04-056203 |
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Capital
Investment / Paid-up Capital : |
INR 12.500 Million |
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CIN No.: [Company Identification
No.] |
U29190GJ2009PLC056203 |
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IEC No.: [Import-Export Code No.] |
0809003091 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA08842B |
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GSTN : [Goods & Service Tax
Registration No.] |
24AAHCA5842J1ZM |
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TIN No : |
24073405353 |
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PAN No.: [Permanent Account No.] |
AAHCA5842J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, Trader, Importer of all types of Water Jet Machines
using Innovative Technologies and Other Machineries and other allied items
etc. (Registered Activity and also confirmed by management) |
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|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 74000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2009. It is a manufacturer, Trader and Importer of all types of water jet Machines
using innovative technologies and other machineries For the financial year 2017, the revenue of the company has decreased
by 24.91% but has to managed to maintain 1.24%. The overall financials seems to be average marked by comfortable
networth base and negligible debt level. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 |
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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
31-03-2018.
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 30.04.2018
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
|
Name : |
Mr. Nilesh |
|
Designation : |
Sales Executive |
|
Contact No.: |
91-9538454546 |
|
Date : |
14.04.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Shed A, Survey No. 212/2, B/h Intas Pharma, Matoda Patia, Village
Chacharwadi, Sarkhej Bavla Highway, Ahmedabad – 382213, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9538454546 (Mr. Nilesh) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Industrial |
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Corporate Office : |
410, Sam Pada, Opposite Cross Words, Behind Tulsi Complex, Mithakhali
Six Roads, Navrangpura, Ahmedabad – 380009, Gujarat, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Jayesh Dilipbhai Patel |
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Designation : |
Director |
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Address : |
A-703, Prayag Residency, Opposite Nirma School, Behind Grand Bhagwati
Hotel, Bodakdev, Ahmedabad – 54, ?Gujarat, India |
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Date of Birth/Age : |
15.11.1980 |
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Date of Appointment : |
24.02.2009 |
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DIN No.: |
00470506 |
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Other Directorship:
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Name : |
Mr. Ankit Rajeshkumar Hansaliya |
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Designation : |
Director |
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Address : |
Vivek, 2 Jalara Society, Behind Asharmesh Apartment, Uni Road, Behind,
Rajkot - 360007, Gujarat, India |
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Date of Birth/Age : |
02.07.1986 |
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Date of Appointment : |
20.08.2010 |
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DIN No.: |
02641279 |
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Other Directorship:
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Name : |
Mr. Krunal Jayram Bhalodia |
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Designation : |
Director |
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Address : |
201, Odyssey Tower Milapnagar, Main Road Uni Road, Rajkot - 360007, Gujarat,
India |
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Date of Birth/Age : |
28.12.1985 |
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Date of Appointment : |
20.08.2010 |
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DIN No.: |
02641623 |
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Name : |
Mr. Alpesh S. Dadhaniya |
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Designation : |
Director |
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Address : |
B/504 Pushpvan appartment, B/H IOC Petrol Pump, Judges Bunglow Road, Bodakdev, Ahmedabad -380015, Gujarat, India |
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Date of Birth/Age : |
07.10.1971 |
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Date of Appointment : |
20.08.2010 |
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DIN No.: |
02715975 |
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Name : |
Ms. Ripaben Pankaj Dadhaniya |
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Designation : |
Additional Director |
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Address : |
A/901 Sepal Residency, 132 Fit Ring Road, Satellite, Ahmadabad City, Ambawadi Vistar, Ahmadabad -380015, Gujarat, India |
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Date of Appointment : |
23.01.2018 |
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DIN No.: |
08010276 |
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KEY EXECUTIVES
|
Name : |
Mr. Nilesh |
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Designation : |
Sales Executive Officer |
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Name : |
M. A. Nakrani and Associates |
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Designation : |
Company Secretaries |
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Address : |
205, “VEDANT”, 7-Kalpana Colony, B/h. Ganesh Plaza, Navrangpura, Ahmedabad -380009, Gujarat, India |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDING FILE ATTACHED
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family – Indian) |
27.80 |
|
Promoters (Body corporate) |
45.16 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
27.04 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Importer of all types of water jet Machines using
innovative technologies and other machineries and other allied items etc.
(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 : |
Not Available |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit (30, 60, 90 Days) |
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Purchasing : |
Cash and Credit (30, 60, 90 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users OEM’s
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
B. H. Mangrolia and Company Chartered Accountants |
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Address : |
408’ Mahakant’, Opposite V.S. Hospital, Ashram Road, Ahmadabad –
380006, Gujarat, India |
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Tel. No.: |
91-79-26578527 |
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Fax No.: |
91-79-26576849 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAWPM1650Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises owned or significantly influenced by key management
personnel or their relatives |
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Sister Concern (Confirmed by management): |
Rajuir System, 48/3, Raj Nagar, Bawakhel, Back Side Arya Samaj Mandir,
Jalandar – 144021, Punjab, India |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
INR 10/- each |
INR 12.500 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 |
12.500 |
12.500 |
12.500 |
|
(b) Reserves & Surplus |
13.600 |
12.284 |
10.203 |
|
(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) |
26.100 |
24.784 |
22.703 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
2.798 |
17.992 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.000 |
2.798 |
17.992 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
7.209 |
20.434 |
24.170 |
|
(b) Trade payables |
11.225 |
6.007 |
9.422 |
|
(c) Other current liabilities |
28.308 |
16.913 |
16.339 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.490 |
|
Total
Current Liabilities (4) |
46.742 |
43.354 |
50.421 |
|
|
|
|
|
|
TOTAL |
72.842 |
70.936 |
91.116 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.056 |
17.597 |
17.750 |
|
(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 |
0.000 |
0.020 |
0.020 |
|
(c) Deferred tax assets (net) |
0.377 |
0.333 |
0.290 |
|
(d) Long-term Loan and Advances |
4.762 |
1.249 |
2.390 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
8.195 |
19.199 |
20.450 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
42.740 |
25.563 |
32.797 |
|
(c) Trade receivables |
14.346 |
19.710 |
30.076 |
|
(d) Cash and cash equivalents |
1.131 |
2.935 |
3.077 |
|
(e) Short-term loans and
advances |
6.430 |
3.529 |
4.716 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
64.647 |
51.737 |
70.666 |
|
|
|
|
|
|
TOTAL |
72.842 |
70.936 |
91.116 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
106.551 |
141.899 |
144.004 |
|
|
Other Income |
1.911 |
1.871 |
1.705 |
|
|
TOTAL
|
108.462 |
143.770 |
145.709 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
42.258 |
62.936 |
45.923 |
|
|
Purchases of Stock-in-Trade |
20.700 |
22.465 |
35.505 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.703) |
9.973 |
15.674 |
|
|
Employees benefits expense |
15.182 |
11.782 |
13.042 |
|
|
Other expenses |
28.787 |
28.307 |
23.974 |
|
|
TOTAL |
104.224 |
135.463 |
134.118 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
4.238 |
8.307 |
11.591 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.372 |
4.162 |
5.899 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.866 |
4.145 |
5.692 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.704 |
1.066 |
2.089 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.162 |
3.079 |
3.603 |
|
|
|
|
|
|
|
Less |
TAX |
0.846 |
0.998 |
1.189 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1.316 |
2.081 |
2.414 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.284 |
10.203 |
7.789 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
13.600 |
12.284 |
10.203 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
19.103 |
7.893 |
19.552 |
|
|
TOTAL
EARNINGS |
19.103 |
7.893 |
19.552 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
34.775 |
38.728 |
32.079 |
|
|
TOTAL
IMPORTS |
34.775 |
38.728 |
32.079 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
1.05 |
1.66 |
1.93 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximataly) |
|
|
150.000 |
|
|
|
|
(Due to business
growth) |
The above information has been parted by Mr. Nilesh (Sales Executive)
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 |
0.196 |
|
Cash generated from operations |
(10.865) |
19.253 |
0.982 |
|
Net cash flow from operating activities |
(11.593) |
19.968 |
0.465 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
49.14 |
50.70 |
76.23 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.43 |
7.20 |
4.79 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
65.08 |
25.67 |
42.23 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.10 |
0.32 |
0.35 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.39 |
0.47 |
0.65 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.64 |
0.65 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.28 |
0.94 |
1.86 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.79 |
1.75 |
2.22 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.12 |
0.71 |
0.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.09 |
2.00 |
1.96 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.24 |
1.47 |
1.68 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.81 |
2.93 |
2.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
5.04 |
8.40 |
10.63 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.38 |
1.19 |
1.40 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.47 |
0.60 |
0.75 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.36 |
0.35 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.58 |
1.86 |
3.37 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.38 |
1.19 |
1.40 |
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 |
12.500 |
12.500 |
12.500 |
|
Reserves & Surplus |
10.203 |
12.284 |
13.600 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
22.703 |
24.784 |
26.100 |
|
|
|
|
|
|
long-term borrowings |
17.992 |
2.798 |
0.000 |
|
Short term borrowings |
24.170 |
20.434 |
7.209 |
|
Total
borrowings |
42.162 |
23.232 |
7.209 |
|
Debt/Equity
ratio |
1.857 |
0.937 |
0.276 |
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 |
144.004 |
141.899 |
106.551 |
|
|
|
(1.462) |
(24.911) |
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 |
144.004 |
141.899 |
106.551 |
|
Profit |
2.414 |
2.081 |
1.316 |
|
|
1.68% |
1.47% |
1.24% |
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 |
Yes |
|
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 |
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 four 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 |
Note : The Registered address
of the company has been shifted from 34, saket industrial estate-2, opposite
kushal polymers, village moraiya taluka sanand – 382213, Gujarat, India to the
present address of the company (w.e.f. 30.03.2013)
COMPANY OVERVIEW
The company is incorporated under the Companies Act, 1956 vide CIN -U29190GJ2009PLC056203 having its registered office at Shed A, Survey No. 212/2, B/h Intas Pharma, Matoda Patia, Village Chacharwadi, Sarkhej Bavla Highway, Ahmedabad-382213 Gujarat and engaged in Mfg. and Trading of all types of water jet Machines using innovative technologies and other machineries etc. and other allied items.
STATE OF COMPANY'S
AFFAIRS AND FUTURE OUTLOOK:
The company has achieved turnover of INR 115.208 Million (Previous year INR 150.801 Million) and registered a profit after tax of INR 1.316 Million (Previous Year Profit INR 2.081 Million). However, the management hopes for better prospects in coming year.
UNSECURED LOANS:
|
Unsecured Loan |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
Long-term
Borrowings |
|
|
|
Pankaj Shantilal Dadhaniya |
0.000 |
0.191 |
|
Krunalbhai J. Bhalodiya |
0.000 |
0.779 |
|
Ankitbhai R. Hansaliya |
0.000 |
1.383 |
|
Alpeshbhai Shantilal Dadhaniya |
0.000 |
0.009 |
|
Jayesh Dilipbhai Patel |
0.000 |
0.436 |
|
Total |
0.000 |
2.798 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C39386248 |
10540980 |
HDFC BANK LIMITED |
31/12/2014 |
- |
- |
47500000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai -400013, Maharashtra, India |
|
2 |
G10926293 |
10562665 |
HDFC BANK LIMITED |
11/04/2015 |
- |
07/09/2016 |
47500000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai -400013, Maharashtra, India |
|
3 |
G02874071 |
10271851 |
Allahabad Bank |
28/01/2011 |
- |
26/04/2016 |
760000.0 |
Centralised Retail Banking Boutique, Bhagwati Chambers, Opp. Gujarat Vidhyapith, AhmedabadGJ380013IN |
|
4 |
C49603707 |
10247526 |
Bank of India |
22/09/2010 |
- |
26/03/2015 |
224000.0 |
VASTRAPUR BRANCH, 27, 28, 29 SUPER PLAZASANDESH PRESS ROAD, BODAKDEVAHMEDABADGJ380054IN |
|
5 |
C49603418 |
10181565 |
BANK OF INDIA |
13/10/2009 |
30/03/2013 |
26/03/2015 |
55500000.0 |
VASTRAPUR BRANCH, 27, 28, 29 SUPER PLAZASANDESH PRESS ROAD BODAKDEVAHMEDABADGJ380054IN |
|
6 |
C49603038 |
10181562 |
Bank of India |
08/10/2009 |
- |
26/03/2015 |
39500000.0 |
VASTRAPUR BRANCH, 27, 28, 29 SUPER PLAZASANDESH PRESS ROAD BODAKDEVAHMEDABADGJ380054IN |
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Computer
·
Office Equipment
·
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 66.78 |
|
UK Pound |
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TRUP |
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+ |
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 |
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.
·