|
|
|
MIRA INFORM REPORT
|
Report No. : |
506409 |
|
Report Date : |
02.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
NU-VU CONAIR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 147 and 148, Devraj Industrial Park, Piplaj-Pirana Road, Piplaj,
Ahmedabad – 382405, Gujarat |
|
Tel. No.: |
91-79-29094790/29708147 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
24.09.2007 |
|
|
|
|
Com. Reg. No.: |
04-051811 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 19.916 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299GJ2007PTC051811 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AACCN5965G1ZD |
|
|
|
|
TIN No: |
24075701652 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN5965G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer,
Supplier and Exporter of machinery for working soft rubber or plastics or for
the manufacture of products of these materials. (Registered activity and also
confirmed by management) |
|
|
|
|
No. of Employees
: |
200 (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 |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2007. It is engaged in manufacturing,
exporting and supplying of machinery for working soft rubber of plastics and
also for manufacturing of products of these materials. For the financial year 2017, the company has achieved revenue growth
of 16.33% as compared to the previous year along with an average profit
margin of 6.40%. The sound financial risk profile of the company is marked by
sufficient net worth base along with strong debt protection metrics due to
debt free balance sheet profile. Rating takes into consideration the subject’s healthy earnings per
share of INR 21.92 against the face value of INR 10. 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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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. Dipak Shah |
|
Designation : |
Assistant Finance Manager |
|
Contact No.: |
91-8000788042 |
|
Date : |
30.04.2018 |
LOCATIONS
|
Registered Office/ Head Office/ Factory : |
Plot No. 147 and 148, Devraj Industrial Park, Piplaj-Pirana Road,
Piplaj, Ahmedabad – 382405, Gujarat, India |
|
Tel. No.: |
91-79-32985993/29094790/29708147 |
|
Mobile No.: |
91-8000788042 (Mr. Dipak Shah) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ajaykumar Jitubhai Shah |
||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||
|
Address : |
K-4, Ashahpuri Society, Section-2, Ghodasar, Ahmedabad-380050, Gujarat, India |
||||||||||||
|
Date of Appointment : |
11.07.2016 |
||||||||||||
|
DIN No.: |
07553398 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Lawrence Patrick Doyle IV |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
1032, Old Orchard Dr. Glbsonia
- PA15044, Pennsylvania |
||||||||||||
|
Date of Birth/Age : |
04.02.1973 |
||||||||||||
|
Date of Appointment : |
24.09.2007 |
||||||||||||
|
DIN No.: |
01748812 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Satish Suresh Godase |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
Flat No. 307, Silver Coin, Narhe, Dhsysri road, Dhayari Pune,
Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
07.02.1969 |
||||||||||||
|
Date of Appointment : |
15.09.2013 |
||||||||||||
|
DIN No.: |
06689350 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Bhaumik Vinubhai Patel |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
3, Divine Vision
Bunglows, Near Omkar Bungalows, Near Narayan Bunglows, Thaltej-Shilaj Road,
Ahmedabad- 380052, Gujarat, India |
||||||||||||
|
Date of Birth/Age : |
27.03.1981 |
||||||||||||
|
Date of Appointment : |
01.08.2011 |
||||||||||||
|
DIN No.: |
01731284 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Lapalikar |
|
Designation : |
Chief Executive Officer |
|
Address : |
D - 401, Richmond Grand, Near Torrent Power, Makarba, Jivraj Park, Ahmedabad-380051, Gujarat, India |
|
Date of Birth/Age : |
27.11.1962 |
|
Date of Appointment : |
11.03.2016 |
|
PAN No.: |
AALPL7758D |
|
|
|
|
Name : |
Mr. Amit R. Bhatia |
|
Designation : |
Practicing Company secretary |
|
Address : |
B-73, Skylark Appartment, Behind Jayshefali Row House, Beside Thakersi Hospital, Shivranjani, Satellite Road, Ahmedabad – 380015, Gujarat, India |
|
Tel. No: |
91-79-30023938 |
|
Mob. No: |
91-9374193055 |
|
Email: |
|
|
|
|
|
Name : |
Mr. Dipak Shah |
|
Designation : |
Assistant Finance Manager |
MAJOR SHAREHOLDERS
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Bhaumik Vinubhai Patel |
620072 |
31.14 |
|
Vinubhai Khodalads Patel |
156337 |
7.85 |
|
Ajay Jitubhai Shah |
122827 |
6.17 |
|
Rakhi Ajay Shah |
96539 |
4.85 |
|
Conair Pacific Pte Limited (Singapore) |
995775 |
50.00 |
|
Total |
1991550 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 30.09.2017
|
Category |
Percentage |
|
Promoters
(Individual/Hindu Undivided Family-Indian) |
50.00 |
|
Promoters (Body
Corporate) |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturer,
Supplier and Exporter of machinery for working soft rubber or plastics or for
the manufacture of products of these materials. (Registered activity and also
confirmed by management) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Advance payment, L/C and Cheque |
||||
|
|
|
||||
|
Purchasing : |
Advance payment, L/C and Cheque |
PRODUCTION STATUS (As on 31.03.2016)
|
Particulars |
Unit |
Actual
Production |
|
Granulator |
Nos. |
45 |
|
Hot Air Dryer |
Nos. |
430 |
|
Chiller |
Nos. |
403 |
|
Blender (Grav.) |
Nos. |
66 |
|
Vol. Feeder |
Nos. |
301 |
|
Hopper Loader |
Nos. |
937 |
|
Dehumidifier |
Nos. |
176 |
|
Centralized Conveying Systems |
Nos. |
11 |
|
Tw+ |
Nos. |
592 |
|
Belt Conveyer |
Nos. |
74 |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users and Manufacturer
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Ramanlal G. Shah and Company Chartered Accountants |
|
Address : |
Shreeji House, Behind M. J. Library, Ellis Bridge, Ahmedabad-380006, Gujarat,
India |
|
Tel. No.: |
91-79-26578819/ 26575530 |
|
Fax No.: |
91-79-26575401 |
|
E-Mail : |
|
|
PAN No.: |
AAEFR1584J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Joint Venture: |
Conair Inc, USA |
CAPITAL STRUCTURE
AS ON: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1991550 |
Equity Shares |
INR 10/- each |
INR 19.916 Million |
|
|
|
|
|
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 |
19.916 |
19.916 |
19.916 |
|
(b) Reserves &
Surplus |
239.119 |
195.457 |
156.388 |
|
(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 |
259.035 |
215.373 |
176.304 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
3.206 |
3.123 |
2.933 |
|
(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 |
3.206 |
3.123 |
2.933 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
141.084 |
77.347 |
73.749 |
|
(c) Other current
liabilities |
51.907 |
38.577 |
49.836 |
|
(d) Short-term provisions |
8.583 |
7.036 |
0.162 |
|
Total Current Liabilities
|
201.574 |
122.960 |
123.747 |
|
|
|
|
|
|
TOTAL |
463.815 |
341.456 |
302.984 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
122.152 |
122.150 |
123.960 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
122.152 |
122.150 |
123.960 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
15.086 |
0.000 |
|
(b) Inventories |
155.493 |
116.738 |
122.358 |
|
(c) Trade receivables |
60.968 |
37.007 |
26.591 |
|
(d) Cash and cash
equivalents |
115.917 |
38.466 |
24.948 |
|
(e) Short-term loans and
advances |
7.239 |
10.746 |
4.035 |
|
(f) Other current assets |
2.046 |
1.263 |
1.092 |
|
Total Current Assets |
341.663 |
219.306 |
179.024 |
|
|
|
|
|
|
TOTAL |
463.815 |
341.456 |
302.984 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
682.256 |
586.476 |
529.426 |
|
|
Other Income |
6.606 |
1.053 |
2.869 |
|
|
TOTAL |
688.862 |
587.529 |
532.295 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
494.774 |
413.201 |
403.553 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.644) |
4.261 |
(22.726) |
|
|
Employees benefits
expense |
72.386 |
56.067 |
45.479 |
|
|
Other expenses |
54.758 |
49.605 |
55.547 |
|
|
TOTAL |
619.274 |
523.134 |
481.853 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
69.588 |
64.395 |
50.442 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.527 |
0.820 |
0.010 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
69.061 |
63.575 |
50.432 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
4.815 |
4.416 |
4.822 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
64.246 |
59.159 |
45.610 |
|
|
|
|
|
|
|
Less |
TAX |
20.583 |
20.090 |
14.607 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
43.663 |
39.069 |
31.003 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
195.458 |
156.389 |
125.361 |
|
|
|
|
|
|
|
Add |
Additional depreciation
pursuant of schedule II of Companies Act 2013 |
0.000 |
0.000 |
0.025 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
239.121 |
195.458 |
156.389 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
15.080 |
35.510 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
116.877 |
90.314 |
98.165 |
|
|
TOTAL IMPORTS |
116.877 |
90.314 |
98.165 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
21.92 |
19.62 |
15.57 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
800.000 |
|
|
|
|
(Due to Business growth) |
The above information has been parted by Mr. Dipak Shah (Assistant
Finance Manager)
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 flow from operations |
1.310 |
45.045 |
(3.597) |
|
Net Cash flows in course of operating activities |
(21.007) |
28.485 |
(17.897) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
32.62 |
23.03 |
18.33 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
11.19 |
15.85 |
19.91 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
104.08 |
68.32 |
66.70 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.45 |
0.55 |
0.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.57 |
0.53 |
0.41 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.43 |
0.36 |
0.41 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.78 |
0.57 |
0.70 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.47 |
0.57 |
0.70 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
132.05 |
78.53 |
5044.20 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
6.40 |
6.66 |
5.86 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.41 |
11.44 |
10.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
16.86 |
18.14 |
17.58 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.69 |
1.78 |
1.45 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.92 |
0.83 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.56 |
0.63 |
0.58 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.69 |
1.78 |
1.45 |
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 |
19.916 |
19.916 |
19.916 |
|
Reserves & Surplus |
156.388 |
195.457 |
239.119 |
|
Net
worth |
176.304 |
215.373 |
259.035 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
529.426 |
586.476 |
682.256 |
|
|
|
10.776 |
16.331 |
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 |
529.426 |
586.476 |
682.256 |
|
Profit /(Loss) |
31.003 |
39.069 |
43.663 |
|
|
5.86% |
6.66% |
6.40% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Ye |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
BACKGROUND
The Company aims to form a corporate self-regulatory mechanism whereby its integrated business model monitors and ensures its active compliance with the spirit of the law, ethical standards and international norms.
Nu-Vu operates in a manner that not just continues to generate an attractive return for shareholders, but also through its continuous efforts make positive impact on the society in general which includes consumers, employees, investors, communities, and others.
STATE OF COMPANY’S AFFAIRS AND FUTURE OUTLOOK
The company has achieved sales to the tune of
INR 682.256 million during the year as compared to INR 586.476 million in the
precious year, an increase of around 16.68% over the last year. Profit before
tax is INR 64.246 million as compared to INR 59.159 million in the precious
year, an increase of around 8.60% over the last year. The company earned a net
profit of INR 43.663 million as against a net profit of INR 39.069 million in
the previous year, an increase of around 11.76% over the last year.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C00340513 |
10362218 |
ICICI BANK LIMITED |
31/05/2012 |
07/07/2012 |
07/03/2014 |
25000000.0 |
8TH FLOOR, JMC HOUSEOPP. PARIMAL GARDEN, AMBAWADIAHMEDABADGJ380006IN |
|
2 |
B42115915 |
10230958 |
HDFC BANK LIMITED |
08/07/2010 |
27/07/2010 |
20/06/2012 |
47500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
FIXED ASSETS
Tangible Assets
- Land
- Factory
Building
- Air
Conditioners
- Mobile Phone
- Plant and
Machinery
- Testing
Equipments
- Computer
Equipment
- Office
Equipment
- Elevator
- Furniture
- Skoda Car
Purchase
- Software
Purchase
- TATA Indica
Card
- Mahindra XUV
500
- Maruti Suzuki
– CIAZ ZXI
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 : |
ARC |
|
|
|
|
Analysis Done by
: |
PYK |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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.