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|
MIRA INFORM REPORT
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Report No. : |
511683 |
|
Report Date : |
30.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BUNGE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
601C and 601D, 6th Floor, The Capital, C-70, G-Block, Bandra
- Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra |
|
Tel. No.: |
91-22-40509500/66819500 |
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|
|
|
Country : |
India |
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|
Financials (as
on) : |
31.03.2016 |
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|
Date of
Incorporation : |
12.03.1958 |
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|
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|
Com. Reg. No.: |
11-174267 |
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Capital
Investment / Paid-up Capital : |
INR 147.993 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74110MH1958PTC174267 [New] U15421MH1958PTC174267 [Old] |
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IEC No.: |
0598037772 |
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GSTIN No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AAACG7034K |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Business Segments: The Company's business segments based on product lines are as under ; a) Agribusiness Trading in crude Edible Oil, Agricultural Commodities, and other related activities. b) Food Products Manufacturing and Trading of Vanaspati, Edible Oils and Bakery
Fats and Margarine. [Registered
Activity] |
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|
|
|
No. of Employees
: |
Information denied 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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of Bunge Mauritius Holdings Limited and was incorporated in the year 1958. it is an old and established company having good track record. As per Registrar Of Companies the date of balance sheet (i.e. financial filed) is shown as 31-03-2017 but the documents related to the financial for the year 2017 are not available from any sources. As per available financials of 2016, the company has sharply declined in its revenue from operations as compared to previous year and maintained minimal profitability margin of 0.30%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and low debt balance sheet. Further, the company also derives strength from its strong holding company support, well established track record of business operations and market position i.e. Bunge India’s established brand such as Dalda and Gagan in the domestic edible oils and Masterline in the bakery fats markets. However, rating strengths is partially offset by susceptibility of profitability to intense competition in the fragmented edible oils business and raw material price volatility. Trade relations are fair. Business is active. Payment terms are seems to be regular. In view of aforesaid, the company can be considered good for normal 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 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Long Term Rating = AA- |
|
Rating Explanation |
High degree of safety and very
low credit risk |
|
Date |
03.03.2017 |
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 26.03.2018.
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 DENIED
Management Non-Cooperative [Tel. No.: 91-22-66819500]
Tel. No.: 91-22-40509500 not working.
LOCATIONS
|
Registered Office : |
601C and 601D, 6th Floor, The Capital, C-70, G-Block, Bandra
Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-40509898/ 99/ 26533768/66819500 |
|
Fax No.: |
91-22-40509898/ 99 |
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E-Mail : |
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Website : |
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Area: |
5000 Sq. Ft. [Approximately] |
|
Location: |
Owned |
|
Locality: |
Industrial |
|
|
|
|
Head Office: |
1st Floor, No.1, Old Air Port Road, Kodihall, Bangalore – 560008, Karnataka, India |
|
Tel No.: |
91-80-41265075 |
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Fax No.: |
91-80-41265075 |
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|
|
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Factory 1: |
N.H. 12, P.O. Ramganj, Balaji District Bundi, Jaipur – 323001, |
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Tel No.: |
91-747-2444840/ 2447623 |
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Fax No.: |
91-747-2444525 |
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|
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Factory 2 : |
Foods Factory, Edamalaipatti, Pudur Trichy – 620012, |
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Factory 3 : |
Patiala - Chandigarh Road, Rajpura - 140401, Punjab, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Samir Prempal Jain |
|
Designation : |
Managing director |
|
Address : |
201, Tower 11, Planet Godrej, Keshav Rao Khadye Marg, Mahalaxmi (East), Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
22.09.1972 |
|
Qualification : |
B.Com and C.A |
|
Experience : |
20 Years |
|
Date of Appointment : |
10.04.2013 |
|
PAN No.: |
AAIPJ2477N |
|
DIN No.: |
05255615 |
|
|
|
|
Name : |
Mr. Sanjay Jindal |
|
Designation : |
Whole-time director |
|
Address : |
C-201, Raheja Regency, #90, Santhome High Road, R.A. Puram, Chennai, 600028, Tamilnadu, India |
|
Date of Birth/Age : |
28.05.1966 |
|
Qualification : |
ICWAI |
|
Experience : |
23 Years |
|
Date of Appointment : |
21.03.2014 |
|
PAN No.: |
AAAPJ0423C |
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DIN No.: |
06804128 |
|
|
|
|
Name : |
Mr. Alok Mishra |
|
Designation : |
Whole-time director |
|
Address : |
Shah Arcade, Fl No. 1-736, Pl No. 4/5, Sec - 06, Kharghar, Tal - Panvel, Raigad - 410210, Maharashtra, India |
|
Date of Birth/Age : |
16.12.1971 |
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Qualification : |
LLB |
|
Experience : |
17 Years |
|
Date of Appointment : |
21.03.2014 |
|
PAN No.: |
AJCPM0232H |
|
DIN No.: |
06804127 |
|
|
|
|
Name : |
Mr. John Joseph |
|
Designation : |
Director |
|
Address : |
Flat No. 201 Hillscapes, Pashan-Baner Link Road, Pashan, Pune - 411021, Maharashtra, India |
|
Date of Birth/Age : |
26.05.1966 |
|
Date of Appointment : |
26.09.2014 |
|
DIN No.: |
01520069 |
|
|
|
|
Name : |
Mr. Robert John Coviello |
|
Designation : |
Additional Director |
|
Address : |
33, Greenleaf Road,, Singapore, 279333, Singapore |
|
Date of Appointment : |
30.09.2016 |
|
DIN No.: |
07316664 |
KEY EXECUTIVES
|
Name : |
Gurdeep Kaur |
|
Designation : |
Secretary |
|
Address : |
B-25/397, Gobind Nagar, Near Sheranwala Gate, Patiala - 147001, Punjab, India |
|
Date of Birth/Age : |
16.09.1976 |
|
Date of Appointment : |
10.02.2012 |
|
PAN No: |
AUXPK1340G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Bunge Mauritius Holdings Limited, |
14799237 |
|
Vipin Gupta |
25 |
|
Total |
14799262 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Business Segments: The Company's business segments based on product lines are as under ; a) Agribusiness Trading in crude Edible Oil, Agricultural Commodities, and other related activities. b) Food Products Manufacturing and Trading of Vanaspati, Edible Oils and
Bakery Fats and Margarine. [Registered
Activity] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
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 : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Tower
3, 27-32nd Floor, India Bulls Finance Centre, Elphinstone Mills
Compound, Senapati Bapte Marg, Elphinstone (West), Mumbai-400013,
Maharashtra, India |
|
PAN No.: |
AACFD4815A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
Bunge Mauritius Holdings Limited (BMHL) |
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Ultimate Holding Company: |
Bunge Limited, Bermuda |
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Subsidiary Company: |
Bunge Foods Private Limited (BFPL) |
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Fellow Subsidiary Companies: |
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Associates: |
Bunge Management Services Incorporation, United States |
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14799262 |
Equity Shares |
INR 10/- each |
INR 147.993 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
147.993 |
147.993 |
147.993 |
|
(b) Reserves and Surplus |
8399.300 |
8107.400 |
6946.300 |
|
(c) Money
received against share warrants |
0.007 |
0.007 |
0.007 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
8547.300 |
8255.400 |
7094.300 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4550.000 |
4571.200 |
4579.000 |
|
(b) Deferred tax liabilities (Net) |
335.300 |
268.700 |
0.000 |
|
(c) Other long-term
liabilities |
348.100 |
271.900 |
197.400 |
|
(d) long-term
provisions |
404.500 |
243.300 |
280.900 |
|
Total Non-current
Liabilities (3) |
5637.900 |
5355.100 |
5057.300 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1365.800 |
3377.800 |
8349.500 |
|
(b) Trade payables |
5419.700 |
70508.400 |
4991.900 |
|
(c) Other
current liabilities |
640.500 |
448.000 |
62898.900 |
|
(d) Short-term
provisions |
976.900 |
695.000 |
521.800 |
|
Total Current
Liabilities (4) |
8402.900 |
75029.200 |
76762.100 |
|
|
|
|
|
|
TOTAL |
22588.100 |
88639.700 |
88913.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4502.000 |
4488.400 |
4754.100 |
|
(ii)
Intangible Assets |
1517.800 |
1656.200 |
1973.300 |
|
(iii) Tangible assets
capital work-in-progress |
129.900 |
166.400 |
99.300 |
|
(iv)
Intangible assets under development |
0.000 |
58.800 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
332.100 |
|
(d)
Long-term loans and advances |
5800.700 |
4138.600 |
3162.600 |
|
(e) Other
Non-current assets |
16.000 |
12.300 |
22.600 |
|
Total Non-Current
Assets |
11966.500 |
10520.800 |
10344.100 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
1070.500 |
1491.800 |
529.100 |
|
(b)
Inventories |
7932.000 |
5204.100 |
8600.500 |
|
(c) Trade
receivables |
991.000 |
68392.300 |
58791.700 |
|
(d) Cash and
bank balances |
31.500 |
1011.100 |
8161.300 |
|
(e) Short-term
loans and advances |
536.800 |
1757.100 |
2472.000 |
|
(f) Other
current assets |
59.800 |
262.500 |
15.000 |
|
Total
Current Assets |
10621.600 |
78118.900 |
78569.600 |
|
|
|
|
|
|
TOTAL |
22588.100 |
88639.700 |
88913.700 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
98053.700 |
559177.300 |
634478.200 |
|
|
Other Income |
334.600 |
205.000 |
126.700 |
|
|
TOTAL |
98388.300 |
559382.300 |
634604.900 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
33066.000 |
30613.600 |
24349.000 |
|
|
Purchases of
Stock-in-Trade |
53020.900 |
504354.200 |
580265.100 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(349.700) |
1049.300 |
(1397.800) |
|
|
Employee benefit expense |
968.400 |
987.900 |
809.200 |
|
|
CSR expenditure |
4.700 |
32.000 |
0.000 |
|
|
Other expenses |
10020.900 |
18715.900 |
29787.100 |
|
|
Exceptional items before tax |
0.000 |
(205.000) |
0.000 |
|
|
TOTAL |
96731.200 |
555547.900 |
633812.600 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1657.100 |
3834.400 |
792.300 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
719.000 |
1363.700 |
1794.700 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
938.100 |
2470.700 |
(1002.400) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
599.700 |
670.500 |
535.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
338.400 |
1800.200 |
(1537.400) |
|
|
|
|
|
|
|
Less |
TAX |
46.500 |
639.100 |
(493.600) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
291.900 |
1161.100 |
(1043.800) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
51447.900 |
351153.000 |
293581.600 |
|
|
TOTAL EARNINGS |
51447.900 |
351153.000 |
293581.600 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
23399.400 |
23716.800 |
588260.000 |
|
|
Components and spare
parts |
51370.000 |
496508.800 |
0.000 |
|
|
Capital Goods |
0.000 |
6.000 |
0.000 |
|
|
TOTAL IMPORTS |
74769.400 |
520231.600 |
588260.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
19.72 |
78.46 |
(70.54) |
|
|
Diluted |
19.72 |
72.81 |
(70.54) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
7.800 |
7.100 |
|
Net cash flow from (used in) operations |
2104.800 |
1777.700 |
(15278.100) |
|
Net cash flow from operating activities |
1644.300 |
(5.100) |
(17824.400) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
3.69 |
44.64 |
33.82 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
98.94 |
8.18 |
10.79 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
22.98 |
48.11 |
3.01 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.21 |
0.74 |
0.09 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.27 |
0.60 |
0.12 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.57 |
0.90 |
0.91 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /
Networth) |
0.69 |
0.96 |
1.82 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.98 |
9.09 |
10.82 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.72 |
0.77 |
0.96 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.30 |
2.81 |
0.44 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
0.30 |
0.21 |
(0.16) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.29 |
1.31 |
(1.17) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
3.42 |
14.06 |
(14.71) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.26 |
1.04 |
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.32 |
0.97 |
0.91 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.38 |
0.09 |
0.08 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
39.97 |
53.76 |
87.41 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.26 |
1.04 |
1.02 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
147.993 |
147.993 |
147.993 |
|
Reserves & Surplus |
6946.300 |
8107.400 |
8399.300 |
|
Net
worth |
7094.300 |
8255.400 |
8547.300 |
|
|
|
|
|
|
Long Term borrowings |
4579.000 |
4571.200 |
4550.000 |
|
Short Term borrowings |
8349.500 |
3377.800 |
1365.800 |
|
Current Maturities of Long term debt |
7.100 |
7.800 |
0.000 |
|
Total
borrowings |
12935.600 |
7956.800 |
5915.800 |
|
Debt/Equity
ratio |
1.823 |
0.964 |
0.692 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
634478.200 |
559177.300 |
98053.700 |
|
|
|
(11.868) |
(82.465) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
634478.200 |
559177.300 |
98053.700 |
|
Profit/ (Loss) |
(1043.800) |
1161.100 |
291.900 |
|
|
(0.16%) |
0.21% |
0.30% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
147.993 |
147.993 |
|
(b) Reserves and Surplus |
|
8400.000 |
8104.100 |
|
(c) Money
received against share warrants |
|
0.007 |
0.007 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
8548.000 |
8252.100 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
4550.000 |
4571.200 |
|
(b) Deferred tax liabilities (Net) |
|
335.300 |
268.700 |
|
(c) Other long-term
liabilities |
|
348.100 |
271.900 |
|
(d) long-term
provisions |
|
404.500 |
243.300 |
|
Total Non-current
Liabilities (3) |
|
5637.900 |
5355.100 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1365.800 |
3377.800 |
|
(b) Trade payables |
|
5419.800 |
70508.400 |
|
(c) Other
current liabilities |
|
640.500 |
448.000 |
|
(d) Short-term
provisions |
|
976.900 |
695.000 |
|
Total Current
Liabilities (4) |
|
8403.000 |
75029.200 |
|
|
|
|
|
|
TOTAL |
|
22588.900 |
88636.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
4502.000 |
4488.400 |
|
(ii)
Intangible Assets |
|
1517.800 |
1656.200 |
|
(iii) Tangible assets
capital work-in-progress |
|
129.900 |
166.400 |
|
(iv)
Intangible assets under development |
|
0.000 |
58.800 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
5800.700 |
4138.600 |
|
(e) Other Non-current
assets |
|
16.000 |
12.300 |
|
Total Non-Current
Assets |
|
11966.400 |
10520.700 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
1070.500 |
1491.800 |
|
(b)
Inventories |
|
7932.000 |
5204.100 |
|
(c) Trade receivables |
|
991.000 |
68392.300 |
|
(d) Cash and
bank balances |
|
31.500 |
1011.100 |
|
(e)
Short-term loans and advances |
|
537.700 |
1753.900 |
|
(f) Other
current assets |
|
59.800 |
262.500 |
|
Total
Current Assets |
|
10622.500 |
78115.700 |
|
|
|
|
|
|
TOTAL |
|
22588.900 |
88636.400 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
98053.700 |
559177.300 |
|
|
Other Income |
|
338.700 |
205.100 |
|
|
TOTAL |
|
98392.400 |
559382.400 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
33066.000 |
30613.600 |
|
|
Purchases of
Stock-in-Trade |
|
53020.900 |
504354.200 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(349.700) |
1049.300 |
|
|
Employee benefit expense |
|
968.400 |
987.900 |
|
|
CSR expenditure |
|
4.700 |
32.000 |
|
|
Other expenses |
|
10021.000 |
18716.300 |
|
|
Exceptional items before tax |
|
0.000 |
(205.000) |
|
|
TOTAL |
|
96731.300 |
555548.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
1661.100 |
3834.100 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
719.000 |
1363.700 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
942.100 |
2470.400 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
599.700 |
670.500 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
342.400 |
1799.900 |
|
|
|
|
|
|
|
Less |
TAX |
|
46.500 |
639.100 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
295.900 |
1160.800 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
19.99 |
78.44 |
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 |
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 |
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) |
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 |
No |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
|
Fully convertible debentures banks |
4550.000 |
4550.000 |
|
Deferred sales tax loan |
0.000 |
21.200 |
|
Total |
4550.000 |
4571.200 |
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B89560304 |
90068283 |
STATE BANK OF BIKANER & JAIPUR |
14/05/1998 |
21/03/2000 |
29/10/2013 |
50000000.0 |
I.E. BRANCHKOTARJIN |
|
2 |
B85744233 |
90067062 |
RABO INDIA FINANCE PRIVATE LIMITED |
25/07/2000 |
27/03/2002 |
11/09/2013 |
50000000.0 |
1-AJANPATHNEW DELHIDL110001IN |
|
3 |
B85743458 |
90067287 |
RABO INDIA FINANCE PRIVATE LIMITED |
27/03/2002 |
- |
11/09/2013 |
20000000.0 |
1-AJANPATHNEW DELHIDL110001IN |
|
4 |
B83498451 |
90067275 |
Standard Chartered Bank |
08/03/2002 |
30/09/2002 |
22/08/2013 |
30000000.0 |
SANSAD MARGNEW DELHIDLIN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Claims against company not acknowledged as debt |
454.300 |
454.300 |
|
Other money for which company is contingently liable |
2532.600 |
3888.900 |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipment’s
- Vehicles
- Computer equipment’s
- Leasehold improvements
Intangible assets
- Goodwill
- Brands and trade marks
- 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 67.82 |
|
|
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.