|
|
|
MIRA INFORM REPORT
|
Report No. : |
506594 |
|
Report Date : |
02.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KABRA EXTRUSION TECHNIK LIMITED |
|
|
|
|
Registered
Office : |
1001, Fortune Terraces, 10th Floor, Opposite Citi Mall, New
Link Road, Andheri (West), Mumbai – 400053, Maharashtra |
|
Tel. No.: |
91-22-26734822-24 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
21.10.1982 |
|
|
|
|
Com. Reg. No.: |
11-028535 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 159.512 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L28900MH1982PLC028535 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0388055154 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACK4289L1Z2 |
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|
|
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TIN No.: |
25000001464 |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACK4289L |
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|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges |
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Line of Business
: |
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|
|
|
No. of Employees
: |
472 (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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
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Comments : |
Subject was founded in 1982 and is based in Mumbai, Maharashtra. It is engaged in manufacturing of plastic extrusion machinery. Its products include twin screw extrusion lines for extrusion of polyvinyl chloride pipes, polyvinyl chloride profiles and pellets; single screw extrusion lines for pipes; mono layer and multi-layer blown film lines. As per the quarterly results of December 2017, the company has earned revenue of INR 659.901 million for its revenue along with average net profit margin. For the financial year ended 2017, the company has achieved fair profitability margin of 10.03% but has reported a decline in its revenue as compared to the previous year. Rating continue to reflect company's established market position in the plastic extrusion machinery business, healthy financial profile because of healthy debt protection metrics along with low gearing and efficient working capital management. However, rating strengths are partially offset by exposure to competition from import substitutes and susceptibility to cyclicality in the plastic products industry. Business is active. Payments are reported to be regular and as per commitment. 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 |
Long Term Loans : A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
23.02.2018 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans : A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk |
|
Date |
23.02.2018 |
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
|
Name : |
Miss. Deepa |
|
Designation : |
Office Executive |
|
Contact No.: |
91- 22-26734822/26734824 |
|
Date : |
27.04.2018 |
LOCATIONS
|
Registered Office/Head Office : |
1001, Fortune Terraces, 10th Floor, Opposite Citi Mall, New
Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-26734822-24 |
|
Fax No.: |
91-22-26735041 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Kabra Industrial Estate, Kachigam, Daman– 396210, Daman and Diu (U.T.), India |
|
|
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|
Factory 2 : |
259/260/265 (lll), Costal Highway, Dunetha, Daman–396210, Daman and Diu (U.T.), India |
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|
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|
Regional Office : |
402 Lalita Complex, Jain Mandir Road, Opposite HDFC Bank, Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-26564828 |
|
|
|
|
Other Regional Offices : |
Located at: · New Delhi · Kolkata · Chennai ·
·
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Shreevallabh Gopilal Kabra |
|
Designation : |
Chairman and Managing Director |
|
Date of Birth/Age : |
79
Years |
|
Qualification : |
B.
A. (Hons) |
|
Expertise in specific functional areas : |
· Extensive experience of plastic industry · Promoter of Kolsite Group of Industries · Management and control of industry and business |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
00015415 |
|
|
|
|
Name : |
Mr. Satyanarayan Gopilal Kabra |
|
Designation : |
Managing Director |
|
Address : |
46 Vithal Nagar Co-Operative. Housing Society Limited,
Gopikunj 11th Road, JVPD Scheme, Vile Parle (West ) Mumbai – 400049,
Maharashtra, India |
|
Date of Appointment : |
21.10.1982 |
|
DIN No.: |
00015930 |
|
|
|
|
Name : |
Mr. Anand Shreevallabh Kabra |
|
Address : |
46 Vithal Nagar Co-Operative. Housing Society Limited,
Gopikunj 11th Road, JVPD Scheme, Vile Parle (West ) Mumbai – 400049,
Maharashtra, India |
|
Designation : |
Technical Director |
|
Date of Birth/Age : |
41
Years |
|
Qualification : |
B.E. (Mechanical) MBA - FMB |
|
Expertise in specific functional areas : |
Extensive exprience in · Business · Strategy · Technology and ·
Projects |
|
Date of Appointment : |
19.06.2003 |
|
DIN No.: |
00016010 |
|
|
|
|
Name : |
Mr. Yagneshkumar Bhagwatiprasad Desai |
|
Designation : |
Director |
|
Address : |
321/322, Raheja Crest-3, Off. New Link Road, Lokhandwala,
Andheri (West). Mumbai – 400053,
Maharashtra, India |
|
Date of Appointment : |
19.10.2002 |
|
DIN No.: |
00021202 |
|
|
|
|
Name : |
Mr. Nihalchand Chunilal Chauhan |
|
Designation : |
Director |
|
Address : |
Shreepati Arcade, 20th Floor, Flat No. 4, August Kranti
Marg, Nana Chowk, Mumbai – 400036, Maharashtra, India |
|
Date of Appointment : |
21.01.2006 |
|
DIN No.: |
00021782 |
|
|
|
|
Name : |
Mr. Bajrang Lal Bagra |
|
Designation : |
Director |
|
Address : |
B-203, Rail Vihar,
Sector-15, Part-2, Gurugram
- 122001, Harayana, India |
|
Date of Appointment : |
07.11.2014 |
|
DIN No.: |
00090596 |
|
|
|
|
Name : |
Mr. Mahavirprasad Surajmal Taparia |
|
Designation : |
Director |
|
Address : |
Girikunj, 71, Marine Drive F, Churchgate, Mumbai –
400020, Maharashtra, India |
|
Date of Appointment : |
31.03.1989 |
|
DIN No.: |
00112461 |
|
|
|
|
Name : |
Mr. Boman Moradian |
|
Designation : |
Director |
|
Address : |
M. Cama Park, K - 3/64, Cama Road, Off S V Road, Andheri
(W), Mumbai - 400058, Maharashtra,
India |
|
Date of Appointment : |
16.05.2017 |
|
DIN No.: |
00242123 |
|
|
|
|
Name : |
Mr. Varun Satyanarayan Kabra |
|
Designation : |
Director |
|
|
|
|
Name : |
Mrs. Ekta Anand Kabra |
|
Designation : |
Whole-time Director |
|
Address : |
Gopi Kunj 46, Vithal Nagar
CHS, LNS, Road No. 11, Juhu Scheme, Vile Parle (West)
Mumbai - 400049, Maharashtra, India |
|
Date of Appointment : |
16.05.2017 |
|
DIN No.: |
07088898 |
|
|
|
|
Name : |
Mrs. Jyoti Varun Kabra |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Daulat Raj Jain |
|
Designation : |
Chief Finance Officer |
|
Address : |
A-410, Blue Horizon CHS Limited, Link Road, Malad (West), Mumbai -400064, Maharashtra, India |
|
Date of Appointment : |
14.09.2017 |
|
PAN No.: |
ACHPJ7018E |
|
|
|
|
Name : |
Arya Kunal Chachad |
|
Designation : |
Company Secretary |
|
Address : |
B-420, Jeevan Sudha Chs Ltd., C. D. Barfiwala Lane, Andheri (West), Mumbai -400058, Maharashtra, India |
|
Date of Appointment : |
14.09.2017 |
|
PAN No.: |
AEYPN0838H |
|
|
|
|
Name : |
Miss. Deepa |
|
Designation : |
Office Executive |
SHAREHOLDING PATTERN
AS ON March, 2018
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares (calculated as per SCRR,
1957)As a % |
|
|
(A) Promoter & Promoter Group |
18084885 |
56.69 |
|
|
(B) Public |
13817435 |
43.31 |
|
|
Grand Total |
31902320 |
100.00 |
Statement showing shareholding pattern of the Promoter and
Promoter Group
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares (calculated as per SCRR,
1957)As a % |
|
|
A1) Indian |
|
||
|
Individuals/Hindu undivided Family |
10993625 |
34.46 |
|
|
ANAND SHREEVALLABH KABRA |
6282196 |
19.69 |
|
|
SARITADEVI SATYANARAYAN KABRA |
2000 |
0.01 |
|
|
EKTA ANAND KABRA |
319225 |
1.00 |
|
|
VEENADEVI SHREEVALLABH KABRA |
1160860 |
3.64 |
|
|
VARUN SATYANARAYAN KABRA |
2000 |
0.01 |
|
|
SATYANARAYAN GOPILAL KABRA |
2000 |
0.01 |
|
|
SHREEVALLABH GOPILAL KABRA |
3225344 |
10.11 |
|
|
Any Other (specify) |
7091260 |
22.23 |
|
|
KOLSITE CORPORATION LLP |
6263888 |
19.63 |
|
|
PLASTIBLENDS INDIA LIMITED |
827372 |
2.59 |
|
|
Sub Total A1 |
18084885 |
56.69 |
|
|
A2) Foreign |
0.00 |
||
|
A=A1+A2 |
18084885 |
56.69 |
Statement showing shareholding pattern of the Public
shareholder
|
Category & Name of the Shareholders |
Total no. shares held |
Shareholding % calculated as per SCRR, 1957 As a % |
|
|
B1) Institutions |
|
||
|
Mutual Funds/ |
4400 |
0.01 |
|
|
Foreign Portfolio Investors |
96851 |
0.30 |
|
|
Financial Institutions/ Banks |
150227 |
0.47 |
|
|
Sub Total B1 |
251478 |
0.79 |
|
|
B2) Central Government/ State
Government(s)/ President of India |
0.00 |
||
|
Central Government/ State Government(s)/
President of India |
50516 |
0.16 |
|
|
Sub Total B2 |
50516 |
0.16 |
|
|
B3) Non-Institutions |
0.00 |
||
|
Individual share capital upto INR 0.200
million |
10156759 |
31.84 |
|
|
Individual share capital in excess of INR 0.200
million |
3223050 |
10.10 |
|
|
KASHISH JAIN |
438537 |
1.37 |
|
|
SWETA SIDHARTH AGRAWAL |
596476 |
1.87 |
|
|
SEEMA HEINZ MATHIAS |
374628 |
1.17 |
|
|
NBFCs registered with RBI |
4608 |
0.01 |
|
|
Any Other (specify) |
131024 |
0.41 |
|
|
Sub Total B3 |
13515441 |
42.37 |
|
|
B=B1+B2+B3 |
13817435 |
43.31 |
BUSINESS DETAILS
|
Line of Business : |
|
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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 : |
|
||||
|
Products : |
Pipes and Flexible Packaging Films |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
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|
||||
|
Terms : |
|
||||
|
Selling : |
RTGS / NEFT |
||||
|
|
|
||||
|
Purchasing : |
RTGS / NEFT |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
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|
Customers : |
End Users
|
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|
No. of Employees : |
472 (Approximately) |
||||||||||||||||||
|
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|
||||||||||||||||||
|
Bankers : |
· State Bank of India ·
Kotak Mahindra Bank Limited · DBS Bank Limited, DLF Capitol Point, Ground Floor and First Floor, Baba Kharak Singh Marg, Connaught Place, Delhi – 110001, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Kirtane and Pandit LLP Chartered Accountants |
|
Address : |
Pune, Maharashtra, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Companies or promoter Companies : |
· Plastiblends India Limited ·
Penta Auto Feeding India Limited (CIN No. U29253MH2015PLC268587) |
|
|
|
|
Enterprise over which Executive Directors of the Company exercise
significant influence : |
· Kolsite Industries · Maharashtra Plastics Industries · Kolsite Corporation LLP · Kabra Gloucester Engineering Limited · Kolsite Packaging Systems Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
INR 5/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31902320 |
Equity Shares |
INR 5/- each |
INR 159.512 Million |
|
|
|
|
|
Of the above shares 23180160 Shares of INR 5/- each were
allotted as fully paid up bonus shares in 2010-11
Reconciliation of number of equity shares outstanding at the
beginning and at the end of the year
|
Particular |
As at 31 March 2017 |
|
Number of shares outstanding as at the beginning of the year |
31902320 |
|
Number of shares outstanding as at the end of the year |
31902320 |
The company has only one class of share having par value of INR 5/-. Each holder of equity share is entitled to one vote per share.
Shares in the company held by each shareholder holding
more than 5% shares
|
Particular |
31 March 2017 |
|
|
Name of the
Shareholders |
Number of Shares held in The company |
% of shares held |
|
Anand Kabra |
6282196 |
19.69 |
|
Kolsite Corporation LLP |
6263888 |
19.63 |
|
Battenfeld Extrusiontechnik Gmbh |
3600000 |
11.28 |
|
Shreevallabh G Kabra |
3225344 |
10.11 |
|
Satyanarayan G Kabra |
2000 |
0.01 |
|
Saritadevi S Kabra |
2000 |
0.01 |
|
Varun S Kabra |
2000 |
0.01 |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
159.512 |
159.512 |
159.512 |
|
(b) Reserves &
Surplus |
1681.788 |
1404.849 |
1266.493 |
|
(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) |
1841.300 |
1564.361 |
1426.005 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
57.834 |
38.775 |
48.809 |
|
(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) |
57.834 |
38.775 |
48.809 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
83.726 |
171.457 |
209.927 |
|
(b) Trade payables |
331.362 |
298.072 |
328.978 |
|
(c) Other current
liabilities |
288.238 |
353.411 |
453.647 |
|
(d) Short-term provisions |
62.216 |
51.174 |
143.716 |
|
Total Current Liabilities
(4) |
765.542 |
874.114 |
1136.268 |
|
|
|
|
|
|
TOTAL |
2664.676 |
2477.250 |
2611.082 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1132.483 |
1074.035 |
674.212 |
|
(ii) Intangible Assets |
0.000 |
0.244 |
25.766 |
|
(iii) Capital
work-in-progress |
5.745 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
83.863 |
80.588 |
277.065 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
39.860 |
24.730 |
31.762 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1261.951 |
1179.597 |
1008.805 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
140.000 |
81.447 |
139.912 |
|
(b) Inventories |
655.053 |
611.951 |
620.016 |
|
(c) Trade receivables |
357.556 |
398.418 |
537.025 |
|
(d) Cash and cash
equivalents |
20.785 |
36.970 |
17.222 |
|
(e) Short-term loans and
advances |
229.331 |
168.867 |
288.102 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1402.725 |
1297.653 |
1602.277 |
|
|
|
|
|
|
TOTAL |
2664.676 |
2477.250 |
2611.082 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2760.733 |
2990.774 |
2712.754 |
|
|
Other Income |
115.354 |
223.495 |
85.152 |
|
|
TOTAL |
2876.087 |
3214.269 |
2797.906 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1785.720 |
1877.583 |
1760.693 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(34.683) |
14.343 |
(20.142) |
|
|
Employees benefits
expense |
319.102 |
290.656 |
256.209 |
|
|
Exceptional Items |
0.000 |
185.000 |
0.000 |
|
|
Other expenses |
397.272 |
426.505 |
420.138 |
|
|
TOTAL |
2467.411 |
2794.087 |
2416.898 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
408.676 |
420.182 |
381.008 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
19.315 |
17.659 |
34.408 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
389.361 |
402.523 |
346.600 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
69.895 |
87.054 |
76.095 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
319.466 |
315.469 |
270.505 |
|
|
|
|
|
|
|
Less |
TAX |
42.526 |
90.724 |
46.516 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
276.940 |
224.745 |
223.989 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
824.056 |
708.200 |
592.886 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer
to General Reserve |
27.500 |
22.499 |
22.500 |
|
|
Dividend |
0.000 |
71.778 |
63.804 |
|
|
Depreciation
Transitional Provision Effect |
0.000 |
0.000 |
9.020 |
|
|
Tax
on Dividend |
0.000 |
14.612 |
13.351 |
|
|
Total |
27.500 |
108.889 |
108.675 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
1073.496 |
824.056 |
708.200 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B.
Value of Exports |
785.381 |
788.224 |
871.045 |
|
|
TOTAL EARNINGS |
785.381 |
788.224 |
871.045 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw
Materials |
291.328 |
350.565 |
336.872 |
|
|
TOTAL IMPORTS |
291.328 |
350.565 |
336.872 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
8.68 |
7.04 |
7.02 |
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 |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
47.27 |
48.62 |
72.26 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.72 |
7.51 |
5.05 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
67.73 |
57.94 |
68.20 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.62 |
0.69 |
0.61 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.36 |
0.39 |
0.54 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.29 |
0.35 |
0.44 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.05 |
0.11 |
0.15 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.42 |
0.56 |
0.80 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.62 |
0.69 |
0.49 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
21.16 |
23.79 |
11.07 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales [(PAT/Sales) * 100) |
% |
10.03 |
7.51 |
8.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
10.39 |
9.07 |
8.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
15.04 |
14.37 |
15.71 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.83 |
1.48 |
1.41 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.98 |
0.78 |
0.86 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.69 |
0.63 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.52 |
1.07 |
1.32 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.83 |
1.48 |
1.41 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 5/- |
|
Market Value |
INR 117.90/- |
FINANCIAL ANALYSIS
[all figures are
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 |
159.512 |
159.512 |
159.512 |
|
Reserves & Surplus |
1266.493 |
1404.849 |
1681.788 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1426.005 |
1564.361 |
1841.300 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
209.927 |
171.457 |
83.726 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
209.927 |
171.457 |
83.726 |
|
Debt/Equity
ratio |
0.147 |
0.110 |
0.045 |
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
|
2712.754 |
2990.774 |
2760.733 |
|
|
|
10.249 |
(7.692) |
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
|
2712.754 |
2990.774 |
2760.733 |
|
Profit |
223.989 |
224.745 |
276.940 |
|
|
8.26% |
7.51% |
10.03% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
159.512 |
159.512 |
|
(b) Reserves &
Surplus |
1677.984 |
1404.330 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
1837.496 |
1563.842 |
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
57.833 |
38.775 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
57.833 |
38.775 |
|
|
|
|
|
(4) Current Liabilities |
|
|
|
(a) Short term borrowings |
83.726 |
171.457 |
|
(b) Trade payables |
331.864 |
298.104 |
|
(c) Other current
liabilities |
288.258 |
353.418 |
|
(d) Short-term provisions |
62.216 |
51.175 |
|
Total Current Liabilities
(4) |
766.064 |
874.154 |
|
|
|
|
|
TOTAL |
2661.393 |
2476.771 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1) Non-current assets |
|
|
|
(a) Fixed Assets |
|
|
|
(i) Property, Plant and
Equipment |
1132.693 |
1074.036 |
|
(ii) Intangible Assets |
0.000 |
0.244 |
|
(iii) Capital
work-in-progress |
5.745 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
|
(b) Non-current
Investments |
78.869 |
80.094 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
40.154 |
24.730 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
|
Total Non-Current Assets |
1257.461 |
1179.104 |
|
|
|
|
|
(2) Current assets |
|
|
|
(a) Current investments |
140.579 |
81.447 |
|
(b) Inventories |
655.053 |
611.951 |
|
(c) Trade receivables |
357.555 |
398.418 |
|
(d) Cash and cash
equivalents |
21.069 |
36.984 |
|
(e) Short-term loans and
advances |
229.676 |
168.867 |
|
(f) Other current assets |
0.000 |
0.000 |
|
Total Current Assets |
1403.932 |
1297.667 |
|
|
|
|
|
TOTAL |
2661.393 |
2476.771 |
PROFIT
& LOSS ACCOUNT [CONSOLIDATED]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
Income |
2760.691 |
2990.774 |
|
|
Other Income |
115.434 |
223.495 |
|
|
TOTAL |
2876.125 |
3214.269 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
1784.879 |
1877.583 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(34.683) |
14.343 |
|
|
Employees benefits
expense |
319.196 |
290.656 |
|
|
Manufacturer and Other
expenses |
401.307 |
427.021 |
|
|
Exceptional Items |
0.000 |
185.000 |
|
|
TOTAL |
2470.699 |
2794.603 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
405.426 |
419.666 |
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
19.325 |
17.661 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
386.101 |
402.005 |
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
69.920 |
87.054 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
316.181 |
314.951 |
|
|
|
|
|
|
Less |
TAX |
42.526 |
90.724 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
273.655 |
224.227 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
8.58 |
7.03 |
LEGAL CASES
|
SMALL
CAUSE COURT, RAJKOT Case Details Case
Type: SMST R
Case Status First Hearing Date: 27th October 2017 Petitioner and Advocate 1)
KOTECHA INDUSTRIES LTD. THROUGH ITS EXE.DIRECTOR MANHARLAL AMARSHI KOTECHA Respondent and Advocate 1)
KABRA EXTRUSION TECHNIK LIMITED 3)
SATYANARAYAN GOPILAL KABRA MANAGING DIRECTOR OF KABRA EXTRUSION TECHNIK
LIMITED 4)
ANAND SHREEVALLBH KABRA MANAGING DIRECTOR OF KABRA EXTRUSION TECHNIK LIMITED 5)
YAGNESHKUMAR BHAGWATIPRASAD DESAI DIRECTOR OF KABRA EXTRUSION TECHNIK LIMITED 6)
NIHALCHAND CHUNILAL CHAUHAN DIRECTOR OF KABRA EXTRUSION TECHNIK LIMITED 7)
BAJARANGLAL BAGRA DIRECTOR OF KABRA EXTRUSION TECHNIK LIMITED 8)
MAHAVIRPRASAD SURAJMAL TAPARIA DIRECTOR OF KABRA EXTRUSION TECHNIK LIMITED 9)
BOMAN MORADIAN DIRECTOR OF KABRA EXTRUSION TECHNIK LIMITED 10)
VARUN SATYANARAYAN KABRA WHOLETIME DIRECTOR OF KABRA EXTRUSION TECHNIK
LIMITED 11)
EKTA ANAND KABRA WHOLETIME DIRECTOR OF KABRA EXTRUSION TECHNIK LIMITED Acts
History of Case Hearing
|
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 |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS AND OUTLOOK :
The Company has achieved Operational and Other Income for the year at
INR 2876.087 million as against the previous year's Operational and Other
income of INR 3214.269 Million. The profit before tax and exceptional item was
INR 319.466 million against the previous year's profit of INR 315.469 million.
Net profit of the Company after exceptional items and tax was INR 276.939
million against INR 224.745 million of the previous year.
INDUSTRY STRUCTURE
AND DEVELOPMENTS
The company of
Kolsite group and one of the largest players in the plastic extrusion machinery
known for its innovative offerings.
KET specializes in providing plastic extrusion machinery for
manufacturing pipes and films. It has two manufacturing locations in Daman. The
plastic extrusion machinery industry’s prospects appear positive in the long
term.
BUSINESS OVERVIEW AND OUTLOOK:
The Company continued
its focus on marketing activities and strengthening its agent network by participating
in various trade fairs and exhibitions. It has made significant inroads in many
new markets.
During the financial year 2015-16, the Company participated in following
exhibitions : FEIPLASTIC - Brazil, China Plas – China, Kenya Plast – Kenya,
Vietnam Plas – Vietnam, T Plas – Thailand, IPLEX – India, Plastics & Rubber
Indonesia – Indonesia, Ind Plas – India, Plast Eurasia – Turkey, Plexpo India –
India, Saudi Plastics & Petrochem – Saudi Arabia, Pro Pak Africa – South
Africa, CAP India – India to showcase its product portfolio to strengthen its
geographical base as well as clientele.
STANDALONE
UNAUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED 31.12.2017
|
PARTICULARS |
Quarter Ended |
Nine Months |
|
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
[Unaudited] |
[Unaudited] |
[Unaudited] |
|
1. Income from Operations |
|
|
|
|
Revenue from operations |
659.901 |
517.298 |
1686.228 |
|
Other Operating Income |
8.579 |
6.890 |
19.993 |
|
Total income from operations (net) |
668.480 |
524.188 |
1706.221 |
|
|
|
|
|
|
Expenses |
|
|
|
|
Cost of materials consumed |
480.861 |
311.728 |
1208.792 |
|
Changes in inventories of finished goods. work-in-progress and stock
in trade |
(59.894) |
9.581 |
(157.958) |
|
Employee benefits expense |
80.669 |
87.558 |
247.752 |
|
Depreciation and Amortization Expenses |
21.966 |
20.610 |
60.229 |
|
Other Expenses |
92.731 |
85.404 |
269.194 |
|
Finance Costs |
4.726 |
1.045 |
11.493 |
|
Excise Duty |
0.000 |
0.000 |
33.409 |
|
Total expenses |
621.059 |
515.926 |
1672.911 |
|
Profit/ (Loss) before tax |
47.421 |
8.262 |
33.310 |
|
Tax expenses |
3.325 |
(3.591) |
0.698 |
|
Net Profit / (Loss) after tax |
44.096 |
11.853 |
32.612 |
|
Other Comprehensive Income |
25.064 |
(140.866) |
13.063 |
|
Total Comprehensive Income |
69.160 |
(129.013) |
45.675 |
|
|
|
|
|
|
Paid up equity share capital (Face Value of INR 5/-each) |
159.512 |
159.512 |
159.512 |
|
Earnings per share
(before extraordinary items) of INR 10/- each (not annualized): |
|
|
|
|
(a) Basic |
1.38 |
0.37 |
1.02 |
|
(b) Diluted |
1.38 |
0.37 |
1.02 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G23149164 |
100061052 |
DBS Bank Ltd |
05/08/2016 |
- |
- |
100000000.0 |
DLF Capitol Point, Ground Floor and First
Floor, Baba Kharak Singh Marg, Connaught Place, Delhi – 110001, India |
|
2 |
G81322547 |
10445921 |
KOTAK MAHINDRA BANK LIMITED |
06/08/2013 |
12/03/2018 |
- |
200000000.0 |
27 BKC, C 27, G Block, Bandra Kurla
Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
3 |
C04672754 |
90222571 |
State Bank of India |
12/12/1995 |
13/03/2014 |
- |
344700000.0 |
INDUSTRIAL FINANCE BRANCH, THE ARCADE, 2ND
FLOOR, WORLD TRADE CENTRE, CUFFE PARADE, COLABA, MUMBAI – 400005,
MAHARASHTRA, INDIA |
|
4 |
B76154020 |
10278096 |
Axis Bank Limited |
17/03/2011 |
20/01/2012 |
21/05/2013 |
100000000.0 |
Sagar Building, Ground Floor, Teen Batti,
Daman – 396210, India |
|
5 |
A12583662 |
90222377 |
STATE BANK OF INDIA |
29/08/1994 |
- |
23/03/2007 |
25000000.0 |
COMMERCIAL BRANCHJUSTICE G.N. VAIDYA MARG,
MUMBAI – 400023, MAHARASHTRA, INDIA |
|
6 |
A12584702 |
90221303 |
STATE BANK OF INDIA |
11/12/1986 |
- |
23/03/2007 |
12000000.0 |
COMMERCIAL BRANCHJUSTICE G.N. VAIDYA MARG,
MUMBAI – 400023, MAHARASHTRA, INDIA |
|
7 |
A12584017 |
90221840 |
STATE BANK OF INDIA |
02/01/1991 |
24/08/1993 |
23/03/2007 |
2500000.0 |
COMMERCIAL BRANCHJUSTICE G.N. VAIDYA MARG,
MUMBAI – 400023, MAHARASHTRA, INDIA |
|
8 |
A12585360 |
90221207 |
STATE BANK OF INDIA |
30/07/1985 |
- |
23/03/2007 |
1000000.0 |
COMMERCIAL BRANCHJUSTICE G.N. VAIDYA MARG, MUMBAI
– 400023, MAHARASHTRA, INDIA |
|
9 |
A12585725 |
90221204 |
STATE BANK OF INDIA |
20/07/1985 |
- |
23/03/2007 |
2500000.0 |
COMMERCIAL BRANCHJUSTICE G.N. VAIDYA MARG,
MUMBAI – 400023, MAHARASHTRA, INDIA |
|
10 |
Y10324937 |
90222146 |
HDFC LTD. |
04/02/1993 |
- |
17/11/1998 |
0.0 |
RAMON HOUSE; 169 BACKBAY RECLAMATION,
BOMBAY – 400020, MAHARASHTRA, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Bank Guarantee and Counter
guarantees(Letter of Credit) given by the Company for the guarantees issued
by Company’s bankers |
19.168 |
28.091 |
|
Fixed deposits shown under the head cash
and bank balances include deposits pledged with the banks as margins to
secure letters of credit and guarantees issued by banks |
0.000 |
7.869 |
|
Net amount |
0.000 |
20.222 |
|
Service Tax matter under dispute |
3.614 |
29.005 |
|
Total |
22.782 |
85.187 |
Tangible Assets
·
Free Hold Land
·
Buildings
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer
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 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHRY |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
RKI |
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 |
YES |
|
--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 |
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.