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MIRA INFORM REPORT
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Report No. : |
506612 |
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Report Date : |
02.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
D R POLYMERS PRIVATE LIMITED (w.e.f 18.01.2016) |
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Formerly Known
As : |
D. R. POLYMERS LIMITED (w.e.f 01.07.1997) D. R. POLYMERS PRIVATE LIMITED |
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Registered
Office : |
71/7, Rama Road, Industrial Area, Near Kirti Nagar, Metro Station, New
Delhi – 110015 |
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Tel. No.: |
91-11-45023000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
03.04.1991 |
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Com. Reg. No.: |
55-043773 |
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Capital
Investment / Paid-up Capital : |
INR 38.093 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1991PLC043773 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN / CST No.: |
07820149498 |
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GSTN : [Goods & Service Tax
Registration No.] |
07AAACD0500F1ZI |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACD0500F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading
of plastic dana. [Registered
activity and also confirmed
by management] |
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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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1991. It is a trader of plastic dana. For the financial year 2017, the revenue of the company has increased by 0.29% along with average profit margin of 2.87%. The sound financial profile of the company is marked by improving networth base due to equity infused by its promoters along with negligible debt level. The company has favourable Earning Per Share (EPS) of INR 461.20 against a Face Value (FV) of INR 100. The rating takes into consideration the subject’s long established track record of business operations along with extensive experience of its promoters. However, rating strength are partially offset by unfavourable gap between trade payables and trade receivables. 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 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
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 02.05.2018
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. Phukesh |
|
Designation : |
Finance Manager |
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Contact No.: |
91-11-45023000 |
|
Date : |
30.04.2018 |
LOCATIONS
|
Registered / Head Office : |
71/7 , Rama Road, Industrial Area, Near Kirti Nagar, Metro Station,
New Delhi – 110015, India |
|
Tel. No.: |
91-11-45023000 (50 Lines) |
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Fax No.: |
91-11-45023015 |
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E-Mail : |
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Website : |
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Branch Office 1 : |
Gurugram Office, Plot No.52, Sector-18, Huda, Gurugram, Haryana, India |
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Tel. No.: |
91-124-4014877 / 78 |
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E-Mail : |
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Branch Office 2 : |
Noida Office, A-13, Phase-II, Near Phonix, Noida, Uttar Pradesh, India |
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E-Mail : |
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Branch Office 3 : |
Himachal Pradesh Office, Village Gullarwal, P.O. Karunava, Near
Auriobindo School, Sai Road Baddi, Himachal Pradesh, India |
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Tel. No.: |
01795-244448 |
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Branch Office 4 : |
Uttrakhand Office, Village Bongla Rookre Road, Near Aryan Inter
College, Bahadrabad, Haridwar, Uttarakhand, India |
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E-Mail : |
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Branch Office 5 : |
Maharashtra Office, Survey No. 150, Godown No. 782/4, Jairam Compound,
Rahanal Village, Thane Bhivandi Road, District Thane, Maharashtra, India |
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E-Mail : |
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Branch Office 6 : |
Chennai Office, 33, Masthan Koil Street, Ennore High Road,
Tiruvottiyur, Chennai – 600019, Tamilnadu, India |
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E-Mail : |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Dinesh Kumar Jain |
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Designation : |
Director |
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Address : |
GB-24, Shivaji Enclave, New Delhi – 110027, India |
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Date of Birth/Age : |
23.01.1961 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.06.2008 |
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PAN No.: |
AAAPJ1340C |
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DIN No.: |
00037352 |
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Other Directorship:
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Name : |
Ms. Rekha Jain |
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Designation : |
Director |
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Address : |
GB-24, Shivaji Enclave, New Delhi – 110027, India |
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Date of Birth/Age : |
21.10.1966 |
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Qualification : |
Graduate |
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Date of Appointment : |
15.04.1994 |
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PAN No.: |
AAJPJ1318C |
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DIN No.: |
00037354 |
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Other Directorship:
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Name : |
Mr. Shreyansh Jain |
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Designation : |
Director |
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Address : |
GB-24, New Delhi – 110027, India |
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Date of Birth/Age : |
01.04.1989 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.01.2008 |
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PAN No.: |
CDSPS0886F |
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DIN No.: |
02162122 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Phukesh |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Dinesh Kumar Jain |
192455 |
|
Rekha Doshi |
37295 |
|
Shreyansh Jain |
500 |
|
Ankush Holding Limited, India |
120600 |
|
D R Builder and Promoters Private Limited, India |
30000 |
|
Kuldeep Kaur |
10 |
|
Paramjit Singh |
10 |
|
Gurdeep Kaur |
10 |
|
Gurpal Singh |
10 |
|
Sunil Kumar Rastogi |
10 |
|
Priyank Rastogi |
10 |
|
Mridul Rastogi |
10 |
|
Mayank Rastogi |
10 |
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|
|
|
Total |
380930 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
60.45 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
0.02 |
|
Public/Other than promoters [Body corporate] |
39.53 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading
of plastic dana. [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 Divulged |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash, Advance Payment, Cheque, Credit (30 / 60 / 90 Days) and
Others (RTGS / NEFT) |
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Purchasing : |
L/C, Cash, Advance Payment, Cheque, Credit (30 / 60 / 90 Days) and
Others (RTGS / NEFT) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
Information denied by the management |
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Bankers : |
·
IDFC Bank Limited, KRM Tower, 7th Floor, No.
1, Harrington Road, Chetpet, Chennai – 600031, Tamilnadu, India |
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Facilities : |
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Auditors : |
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Name : |
Chander Prakash and Company Chartered Accountants |
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Address : |
207, Padma Tower-II , Rajendra Place, New Delhi – 110088, India |
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PAN No.: |
AAIFC7091H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other related
parties : |
· TXG Solutions LLP · Petrochem Asia · Jain Polymers ·
D.R. Builders and Promoters Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
380930 |
Equity Shares |
INR 100/- each |
INR 38.093 Million |
|
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|
|
FINANCIAL DATA
[all figures are
in 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 |
38.093 |
35.533 |
35.533 |
|
(b) Reserves & Surplus |
607.269 |
402.326 |
359.812 |
|
(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) |
645.362 |
437.859 |
395.345 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.517 |
29.707 |
26.623 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
7.544 |
|
(c) Other long term
liabilities |
2.370 |
7.597 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
2.887 |
37.304 |
34.167 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
405.534 |
822.230 |
772.151 |
|
(b) Trade
payables |
347.236 |
394.213 |
368.001 |
|
(c) Other
current liabilities |
739.844 |
365.882 |
152.366 |
|
(d) Short-term
provisions |
91.063 |
20.214 |
19.397 |
|
Total Current
Liabilities (4) |
1583.677 |
1602.539 |
1311.915 |
|
|
|
|
|
|
TOTAL |
2231.926 |
2077.702 |
1741.427 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
94.838 |
85.208 |
60.472 |
|
(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 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
5.073 |
2.393 |
1.934 |
|
(d)
Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
6.005 |
5.992 |
6.587 |
|
Total Non-Current
Assets |
105.916 |
93.593 |
68.993 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
665.442 |
682.056 |
491.638 |
|
(c) Trade
receivables |
1012.970 |
966.892 |
858.262 |
|
(d) Cash
and cash equivalents |
63.169 |
59.621 |
63.203 |
|
(e)
Short-term loans and advances |
125.702 |
70.900 |
61.863 |
|
(f) Other
current assets |
258.727 |
204.640 |
197.468 |
|
Total
Current Assets |
2126.010 |
1984.109 |
1672.434 |
|
|
|
|
|
|
TOTAL |
2231.926 |
2077.702 |
1741.427 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
6123.658 |
6105.455 |
5210.145 |
|
|
|
|
Other Income |
14.706 |
17.069 |
10.340 |
|
|
|
|
TOTAL |
6138.364 |
6122.524 |
5220.485 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Purchase of Stock-in-trade |
5581.787 |
6016.486 |
4950.138 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
16.614 |
(190.418) |
(17.296) |
|
|
|
|
Employee Benefits Expenses |
28.389 |
19.901 |
12.387 |
|
|
|
|
CSR expenses |
1.369 |
0.300 |
0.000 |
|
|
|
|
Other Expenses |
146.238 |
121.548 |
116.315 |
|
|
|
|
TOTAL |
5774.397 |
5967.817 |
5061.544 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
363.967 |
154.707 |
158.941 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
96.553 |
87.463 |
94.466 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
267.414 |
67.244 |
64.475 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
3.348 |
4.935 |
6.646 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
264.066 |
62.309 |
57.829 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
88.383 |
19.755 |
18.453 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
175.683 |
42.554 |
39.376 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
3265.785 |
3101.805 |
1995.162 |
|
|
|
TOTAL IMPORTS |
3265.785 |
3101.805 |
1995.162 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
461.20 |
111.71 |
110.82 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.609 |
1.358 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
14.342 |
22.590 |
62.414 |
|
Net cash flows from (used in) operating activities |
105.301 |
102.404 |
131.865 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
60.38 |
57.80 |
60.13 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.05 |
6.31 |
6.07 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
22.71 |
23.92 |
27.13 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.55 |
0.23 |
0.32 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
3.84 |
1.82 |
2.63 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.71 |
0.79 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.63 |
1.95 |
2.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.45 |
3.66 |
3.32 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.15 |
0.19 |
0.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.77 |
1.77 |
1.68 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
2.87 |
0.70 |
0.76 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.87 |
2.05 |
2.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
27.22 |
9.72 |
9.96 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.34 |
1.24 |
1.27 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.92 |
0.81 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.21 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
10.68 |
24.01 |
22.48 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.34 |
1.24 |
1.27 |
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 |
35.533 |
35.533 |
38.093 |
|
Reserves & Surplus |
359.812 |
402.326 |
607.269 |
|
Net worth |
395.345 |
437.859 |
645.362 |
|
|
|
|
|
|
Long Term borrowings |
26.623 |
29.707 |
0.517 |
|
Short Term borrowings |
772.151 |
822.230 |
405.534 |
|
Total
borrowings |
798.774 |
851.937 |
406.051 |
|
Debt/Equity
ratio |
2.020 |
1.946 |
0.629 |
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
|
5210.145 |
6105.455 |
6123.658 |
|
|
|
17.184 |
0.298 |
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
|
5210.145 |
6105.455 |
6123.658 |
|
Profit/(Loss) |
39.376 |
42.554 |
175.683 |
|
|
0.76% |
0.70% |
2.87% |
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 |
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 |
NOTE: Registered Address of the company has been shifted from “101, Dr.
Complex, C-24, Mansarover Garden, Delhi – 110015, India” to the Present address
w.e.f. 16.02.2011
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
0.517 |
27.596 |
|
Other loans and advances |
0.000 |
1.500 |
|
|
|
|
|
Total |
0.517 |
29.096 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G79608501 |
100160921 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
15/02/2018 |
- |
- |
430000000.0 |
25, BARAKHAMBA ROAD NEW DELHI DL110001IN |
|
2 |
G79610283 |
100160927 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
15/02/2018 |
- |
- |
43000000.0 |
25, BARAKHAMBA ROAD NEW DELHIDL110001IN |
|
3 |
G36164408 |
100077848 |
YES BANK LIMITED |
30/12/2016 |
- |
- |
300000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI MH400018IN |
|
4 |
G76594522 |
100054903 |
IDFC BANK LIMITED |
15/10/2016 |
16/01/2018 |
- |
300000000.0 |
KRM TOWER, 7TH FLOOR, NO. 1, HARRINGTON ROAD, CHETPET, CHENNAI TA600031IN |
|
5 |
C52441946 |
10567063 |
YES BANK LIMITED |
24/04/2015 |
- |
- |
150000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA DR. A.B. ROAD, WORLI MUMBAI MH400018IN |
|
6 |
C78467644 |
10398886 |
INDUSIND BANK LTD. |
11/01/2013 |
16/01/2016 |
- |
216000000.0 |
DR. GOPAL DAS BHAWAN 28 BARAKHAMBA ROAD NEW DELHI DL110001IN |
|
7 |
B43854272 |
10324431 |
BANK OF BARODA |
19/12/2011 |
14/07/2012 |
- |
150000000.0 |
KIRTI NAGAR NEW DELHI DL110015IN |
|
8 |
G49233745 |
90044250 |
KOTAK MAHINDRA BANK LIMITED |
24/06/2004 |
01/07/2017 |
- |
550000000.0 |
27BKC, C 27, G BLOCK BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI MA400051IN |
|
9 |
G27999309 |
90043621 |
CITI BANK N.A. |
11/12/2002 |
19/09/2016 |
- |
650000000.0 |
JEEVAN BHARTI BUILDING, 4TH FLOOR124 CONNAUGHT CIRCUS, CONNAUGHT PLACE NEW DELHI DL110001IN |
|
10 |
B96150156 |
10015315 |
CORPORATION BANK OVERSEAS BRANCH |
04/08/2006 |
- |
06/02/2014 |
10000000.0 |
HT HOUSE K G MARG CONNAUGHT PLACE NEW DELHI DL110001IN |
FIXED ASSETS:
Tangible assets
· Land
· Plant and Equipment
· Furniture and Fixtures
· Computer Equipments
· Vehicles
· Office Equipment
· Computer Equipment
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 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 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
TJL |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.