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|
MIRA INFORM REPORT
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Report No. : |
507056 |
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Report Date : |
02.05.2018 |
IDENTIFICATION DETAILS
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Name : |
TLG INDIA PRIVATE LIMITED (w.e.f. 24.05.2001) |
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Formerly Known
As : |
LEO BURNETT INDIA PRIVATE LIMITED (w.e.f.06.09.2000) CHAITRA LEO BURNETT PRIVATE LIMITED (w.e.f. 06.07.1992) CHAITRA ADVERTISING PRIVATE LIMITED |
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Registered
Office : |
Big Apple, Dr. Shirodkar Road, Parel, Mumbai – 400012, Maharashtra |
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Tel. No.: |
91-22-66634444 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
15.05.1972 |
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Com. Reg. No.: |
11-015798 |
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Capital
Investment / Paid-up Capital : |
INR 93.948
Million |
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CIN No.: [Company Identification
No.] |
U74300MH1972FTC015798 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACC1756E1ZZ |
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TIN No.: |
27780330774 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACC1756E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is principally engaged in providing a range of
communication services, which primarily relates to advertising by creative
and production work, media planning and buying, digital designing, marketing
services, advertising projects, strategic consulting, public relation
services. [Registered Activity] |
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No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Exist |
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Comments : |
Subject is a wholly owned subsidiary of “Publicis Groupe Holdings BV”,
Netherlands. The company was incorporated in the year 1972. It is engaged in providing a range of communications services related
to advertising. For the financial year 2017, the company has achieved 24.34% growth in
its revenue as compared to previous year revenue and has maintained decent
profitability margin of 6.62% during the year under review. The moderate financial profile of the company is reflected by negative
networth base along with poor debt coverage indicators due to high debt
balance sheet profile. However, rating takes into consideration equity infused by its
promoters. Rating also takes into consideration strong financial and managerial support
that the company receives from its holding entity backed by its well
experienced management team. Payment seems to be slow and delayed. In view of aforesaid, the company can be considered for business
dealings on fully and secured 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Proposed Non Convertible debenture issue=BBB (withdrawn) |
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Rating Explanation |
Moderate degree of safety and moderate credit risk |
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Date |
20.03.2018 |
Reason for withdrawn: No Funds Raised Under the Aforesaid NCD Issue
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial Reconstruction)
list as of 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 DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-22-66634444]
Given number [91-22-56634444] is not working
[91-22-30410200] is continuously ringing]
LOCATIONS
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Registered Office : |
Big Apple, Dr. Shirodkar Road, Parel, Mumbai – 400012, Maharashtra, India
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Tel. No.: |
91-22-66634444 |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Nitish Mukherjee |
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Designation : |
Whole-time director |
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Address : |
Kalpatru Habitat, Tower B, Flat No.218, Parel, East,
Mumbai - 400012, Maharashtra, India |
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Date of Birth/Age : |
09.05.1958 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.11.2000 |
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PAN No.: |
AALPM7977R |
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Voter ID No.: |
DL/06/061/222912 |
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DIN No.: |
00561390 |
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Name : |
Mr. Thomas Lloyd Bernardin |
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Designation : |
Director |
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Address : |
614 Spruce Ave Lake Forest IL 60045 United States |
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Date of Appointment : |
19.07.2010 |
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DIN No.: |
03546513 |
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Name : |
Mr. Loris Philippe Nold |
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Designation : |
Director |
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Address : |
136 Rue De La Tour 75116 Paris 75116 France |
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Date of Birth/Age : |
10.11.1970 |
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Date of Appointment : |
21.03.2016 |
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DIN No.: |
06515480 |
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Name : |
Mr. Saurabh Subash Varma |
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Designation : |
Wholetime Director |
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Address : |
C 3703, Vivarea Apartment, 37th Floor, Aanandrao Nair Marg,
Jacob Circle, Mumbai – 400011, Maharashtra, India |
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Date of Birth/Age : |
11.12.1974 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.11.2013 |
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PAN No.: |
ADNPV4016B |
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DIN No.: |
06839898 |
KEY EXECUTIVES
|
Name : |
Mr. Venkatesh Lokesh Bangera |
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Designation : |
Company Secretary |
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Address : |
204, Shree Madhuban CHS, 51st, TPS Road, Borivali (West),
Mumbai - 400092, Maharashtra, India |
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Date of Appointment : |
18.03.2015 |
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PAN No.: |
ASPPB6929G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Publicis Groupe Holding B.V., Netherlands |
675302 |
100.00 |
|
Arebu Holdings BV, Netherlands |
10 |
0.00 |
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|
|
|
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Total |
675312 |
100.00 |
Note:
The existing paid up Capital of the Company is INR 9,39,48,400. The difference between the aforesaid list of shares and existing paid up capital of the Company is INR 2,64,17,200 which is transferred to share suspense account.
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Public/Other than promoters - Body Corporate |
100.00 |
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|
|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The company is principally engaged in providing a range of
communication services, which primarily relates to advertising by creative and
production work, media planning and buying, digital designing, marketing
services, advertising projects, strategic consulting, public relation
services. [Registered Activity] |
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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 : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
· BNP Paribas French Bank Building, 62 ,Homji Street, Fort,, Mumbai - 400001, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
S.R. Batliboi and Associates LLP Chartered Accountants |
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Address : |
The Ruby, 12Th Floor, Zone A, Senapati Bapat Marg, Dadar (West), Mumbai, Maharashtra, India |
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PAN No.: |
AABFS3421N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Publicis Groupe Holding BV, Netherlands |
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Subsidiary Companies : |
· Orchard Advertising Private Limited, India [U74300MH1981FTC024111] · Solutions Integrated Marketing (S) Pte Limited · Visualise Technologies, US · Visualise Technologies, UK · Resultrix JLT, Dubai |
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Fellow Subsidiary Companies : |
· Brandmap Communications Private Limited, India [U93000MH1997PTC253743] · BBH Communications India Private Limited, India [U74990MH2009PTC191502] · Convonix Systems Private Limited, India [U64202MH2005PTC150752] · George John Advertising Private Limited, India [U74300MH1997PTC106030] · Flip Media Private Limited, India [U74300mh2006ptc163761] · Indigo Systems and Technology Consulting (India) Private Limited, India [U72200mh2000ptc128824] · I-Strat Software Private Limited, India [U72900DL2003PTC120323] · Sapient Consulting Private Limited, India [U72900mh2009ptc300013] · Law & Kenneth Saatchi & Saatchi Private Limited, India [U45200MH2002PTC137416] · Marketgate Consulting Private Limited, India [U71140MH2005PTC152226] · Marketgate Dimensions Research India Private Limited, India [U74999MH2011PTC220262] · Neev Information Technologies Private Limited, India [U72200MH2006PTC298177] · Publicis Communications Private Limited, India [U74300MH1997PTC112086] · Resultrix Media Private Limited, India [U22130MH2008PTC183168] · Saatchi And Saatchi Private Limited, India [U84200MH1994PTC078410] · Twenty Twenty Media Private Limited, India [U74899MH1989PTC254154] · Twenty Twenty Webtech Private Limited, India [U72200MH1999PTC255241] · Watermelon Healthcare Communications Private Limited, India [U22220MH2010PTC206045] · CNC Communications & Ne Twork Consulting India Private Limited, India [U74120mh2009ftc287509] · Expicient Software Private Limited, India [U74140MH2008PTC272377] · Beehive Communications Private Limited, India [U74300MH2003PTC140136] · Andreoli Manning Selvage & Lee Ltd, Brazil · MMS Communications Singapore Pte. Ltd. · Beacon Communications K.K. · Brainchild Communications Bangladesh Ltd_Pr · Conill Advertising Inc · Capital Msl, London · Digitas Hongkong · Publ. Healthcare Comm. Group Ltd · Digitas, Inc · Digitaslbi Sverige, Sweden · Digitaslbi Limited, Uk · Digitaslbi Limited, Denmark · Sc Usa Division - Bs · Imed / Rh Us · Luminous Emc Macau Limited · Luminous Emc Singapore Pte. Limited · Leo Burnett Fz Llc, Uae · Leo Burnett Global Centre, Usa · Leo Burnett Limited, Hong Kong · Leo Burnett Limited, Philippines · Leo Burnett Limited Sa, Switzerland · Lbi, Australia · Lbi Denmark · Manning Selvage and Lee Public Relations Consultancy Beijing Co. Ltd. · Msl China · Mry Us Llc · Msl, Boston · Tmg Macmanus Canada Inc. · Msl, Hong Kong · M M S Communications Kk · Msl, London · Msl Group, Americas Inc. · Ms L , San Francisco · Msl, Taiwan · Msl, Washington Dc,Usa · M S L , Netherlands · N E U E Digitale/Razorfish · N Inah Consulting Limited,Usa · Pg Lion Re: Sources Australia Pty Limited · Publici S Consultants, France · Publici S Communication Espana S.L. · Publici S Consultants Pr Inc. · Razorfish Consulting (Shanghai) Co Limited · Razorfish Llc, Usa · Razorfish Uk Limited · Resources, China · Resources Korea Leo Burnett Inc. Resources, France · Resultrix Llc, Usa · Resultrix Pte Limited, Singapore · Rosetta Us · Schwartz Msl Llc, Boston · Schwartz Msl Llc, Usa · S P A R K Communications, Us · Star Reacher Group Co. Ltd. Thailand · Starcom, Denmark · Starcom Mediavest Group Fz Llc, UAE · Starcom Mediawest Group Inc, USA · Starcom Worldwide Dubai · Starcom Of Denuo Limited, Taiwan · Pg Media Services Ltd (Starcom Group, UK) · Starcom, Chicago · Starcom Netherlands · Starcom, Singapore · Vivaki, Denmark · Vivaki (Malaysia) Sdn. Bhd · Vivaki Performance · Vivaki Inc, Usa · Zenith Fz Llc · Zenith Optimedia Canada Inc · Zenith Optimedia International Limited, United Kingdom · Zenith Optimedia International Limited · Zenith Optimedia, Singapore · Zenith Optimedia, Hong Kong · Zenith Optimedia, Usa · S_S (Vietnam) J.V. Co. Limited · Capital Msl Ltd · Tmg Manus Canada Inc · Resources, Australia · Razorfish, Hong Kong · H&C L Eo Burnett, Sarl · Lb Vietnam M &T · Razorfish, Euro · Vivaki Communications, France · Leo Burnett (Vic) Pty Ltd · Digitas Health, Usa · Qorvis,Us · Starcom Mediawest Group Australia · Publicis Groupe Media Eurasia Llc · Schindler Management Ap (Shanghai) Co. Ltd., China · Kekst And Company Incorporated, Usa · Pt. Pg Lion Resources Indonesia · Lb Usa Brand Advertising - Leg · Digitaslbi Ltd · Leo Burnett · Msl Germany · Shanghai Nitro Advertising Co Ltd – Leg · Publicis Life Brand S Medicus New York · Leo Burnett Worldwide · Leo Burnett/M&T (Bcc) · Performics Australia Pty Ltd · Razorfish Hong-Kong - Leg · Starcom Media Worldwide · Zentihoptimedia Australia Pty Limited |
CAPITAL STRUCTURE
AFTER: 30.09.2017
Authorised Capital : INR 403.500 Million
Issued, Subscribed & Paid-up Capital : INR 93.948 Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4169000 |
Equity Shares |
INR 100/- each |
INR 416.900 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
939484 |
Equity Shares |
INR 100/- each |
INR 93.948
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
93.948 |
67.531 |
67.531 |
|
(b) Reserves and Surplus |
(159.637) |
(728.568) |
(806.242) |
|
(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) |
(65.689) |
(661.037) |
(738.711) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
12.240 |
0.000 |
0.000 |
|
(d) long-term
provisions |
89.889 |
52.380 |
35.704 |
|
Total Non-current
Liabilities (3) |
102.129 |
52.380 |
35.704 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1374.295 |
1351.744 |
1652.355 |
|
(b) Trade
payables |
3706.943 |
3441.155 |
3097.344 |
|
(c) Other
current liabilities |
3891.842 |
2457.199 |
2370.811 |
|
(d) Short-term
provisions |
132.980 |
100.092 |
89.809 |
|
Total Current
Liabilities (4) |
9106.060 |
7350.190 |
7210.319 |
|
|
|
|
|
|
TOTAL |
9142.500 |
6741.533 |
6507.312 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
164.476 |
151.385 |
134.634 |
|
(ii)
Intangible Assets |
3.092 |
1.188 |
20.408 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
5.723 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.931 |
0.200 |
0.200 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
1419.982 |
1108.807 |
1111.982 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1595.204 |
1261.580 |
1267.224 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1.692 |
1.684 |
1.684 |
|
(b)
Inventories |
55.933 |
171.030 |
128.130 |
|
(c) Trade
receivables |
3529.503 |
2926.892 |
3032.839 |
|
(d) Cash and
bank balances |
167.808 |
11.966 |
11.387 |
|
(e)
Short-term loans and advances |
660.897 |
323.599 |
492.500 |
|
(f) Other
current assets |
3131.463 |
2044.782 |
1573.548 |
|
Total
Current Assets |
7547.296 |
5479.953 |
5240.088 |
|
|
|
|
|
|
TOTAL |
9142.500 |
6741.533 |
6507.312 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4127.150 |
3318.991 |
3211.162 |
|
|
Other Income |
177.182 |
71.404 |
242.516 |
|
|
TOTAL |
4304.332 |
3390.395 |
3453.678 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
279.435 |
328.003 |
558.330 |
|
|
Employee benefit expense |
2324.985 |
1677.798 |
1641.268 |
|
|
Other expenses |
1152.209 |
1056.424 |
1011.882 |
|
|
Prior period items |
3.044 |
(6.167) |
0.000 |
|
|
Exceptional items |
0.000 |
0.000 |
(25.204) |
|
|
TOTAL |
3759.673 |
3056.058 |
3186.276 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
544.659 |
334.337 |
267.402 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
166.353 |
175.315 |
155.175 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
378.306 |
159.022 |
112.227 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
93.066 |
81.348 |
105.177 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
285.240 |
77.674 |
7.050 |
|
|
|
|
|
|
|
Less |
TAX |
11.649 |
0.000 |
0.200 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
273.591 |
77.674 |
6.850 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
291.21 |
115.02 |
10.14 |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
419.278 |
578.109 |
(127.308) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
164.293 |
535.491 |
(294.171) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
312.14 |
321.88 |
344.73 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.17 |
1.13 |
1.06 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
4842.04 |
3829.30 |
2024.84 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
9.74 |
1.95 |
2.09 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
3.14 |
2.19 |
1.72 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.00 |
1.09 |
1.11 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(20.92) |
(2.04) |
(2.24) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(138.62) |
(11.12) |
(9.76) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(2.64) |
(0.23) |
(0.21) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.27 |
1.91 |
1.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.63 |
2.34 |
0.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.99 |
1.15 |
0.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(416.49) |
(11.75) |
(0.93) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.83 |
0.75 |
0.73 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.82 |
0.72 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.01) |
(0.10) |
(0.11) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
14.63 |
20.02 |
24.47 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.83 |
0.75 |
0.73 |
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 |
67.531 |
67.531 |
93.948 |
|
Reserves & Surplus |
(806.242) |
(728.568) |
(159.637) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(738.711) |
(661.037) |
(65.689) |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1652.355 |
1351.744 |
1374.295 |
|
Total
borrowings |
1652.355 |
1351.744 |
1374.295 |
|
Debt/Equity
ratio |
(2.237) |
(2.045) |
(20.921) |
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 |
3211.162 |
3318.991 |
4127.150 |
|
|
|
3.358 |
24.350 |
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 |
3211.162 |
3318.991 |
4127.150 |
|
Profit/ (Loss) |
6.850 |
77.674 |
273.591 |
|
|
0.21
% |
2.34
% |
6.63
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
93.948 |
67.531 |
|
(b) Reserves and Surplus |
|
163.341 |
(460.744) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
2.713 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
257.289 |
(393.213) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
13.292 |
0.853 |
|
(d) long-term
provisions |
|
89.889 |
54.099 |
|
Total Non-current
Liabilities (3) |
|
103.181 |
54.952 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1374.295 |
1351.744 |
|
(b) Trade
payables |
|
3735.037 |
3509.426 |
|
(c) Other
current liabilities |
|
3930.205 |
2524.938 |
|
(d) Short-term
provisions |
|
139.654 |
104.384 |
|
Total Current
Liabilities (4) |
|
9179.191 |
7490.492 |
|
|
|
|
|
|
TOTAL |
|
9539.661 |
7154.944 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
183.904 |
154.083 |
|
(ii)
Intangible Assets |
|
3.092 |
1.188 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
5.723 |
0.300 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
25.436 |
13.543 |
|
(d)
Long-term loans and advances |
|
1456.820 |
1148.716 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
1674.975 |
1317.830 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
1.684 |
1.684 |
|
(b) Inventories |
|
57.189 |
172.142 |
|
(c) Trade
receivables |
|
3550.930 |
3062.404 |
|
(d) Cash and
bank balances |
|
400.849 |
177.306 |
|
(e)
Short-term loans and advances |
|
682.614 |
375.970 |
|
(f) Other
current assets |
|
3171.420 |
2047.608 |
|
Total
Current Assets |
|
7864.686 |
5837.114 |
|
|
|
|
|
|
TOTAL |
|
9539.661 |
7154.944 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
4454.940 |
3582.529 |
|
|
Other Income |
|
192.766 |
80.731 |
|
|
TOTAL |
|
4647.706 |
3663.260 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
315.784 |
340.820 |
|
|
Employee benefit expense |
|
2460.588 |
1792.344 |
|
|
Other expenses |
|
1248.689 |
1128.307 |
|
|
Prior period items |
|
3.044 |
(13.067) |
|
|
TOTAL |
|
4028.105 |
3248.404 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
619.601 |
414.856 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
166.353 |
175.315 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
453.248 |
239.541 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
97.261 |
82.355 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
355.987 |
157.186 |
|
|
|
|
|
|
|
Less |
TAX |
|
37.084 |
24.410 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
318.903 |
132.776 |
|
|
|
|
|
|
|
|
PROFIT (LOSS)
OF MINORITY INTEREST |
|
0.000 |
(0.542) |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) FOR PERIOD |
|
318.903 |
132.234 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
339.44 |
195.81 |
LEGAL CASES
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
Y10290709 |
90188810 |
BANQUE NATIONALE DE PARIS BANK |
27/06/2000 |
10/06/2003 |
- |
20000000.0 |
62; HOMJI STREETMUMBAIMH400001IN |
|
2 |
Y10290414 |
90188515 |
BANQUE NATIONALE DE PARIS BANK |
18/01/1994 |
- |
- |
10000000.0 |
62; HOMJI STREETMUMBAIMH400001IN |
|
3 |
Y10290133 |
90188234 |
BANK OF INDIA |
26/08/1986 |
- |
- |
1000000.0 |
CUMBALLA HILL BRANCHNS PATKAR MARGMUMBAIMH400036IN |
|
4 |
Y10289269 |
90187370 |
BANK OF INDIA |
26/08/1986 |
25/02/1991 |
- |
1000000.0 |
CUMBALLA HILL BRANCHNS PATKAR MARGMUMBAIMH400036IN |
|
5 |
Y10290016 |
90188117 |
BANK OF INDIA |
01/10/1982 |
- |
- |
500000.0 |
CUMBALLA HILL BRANCHNS PATKAR MARGMUMBAIMH400036IN |
|
6 |
Y10289961 |
90188062 |
BANK OF INDIA |
20/04/1979 |
- |
- |
550000.0 |
DUROW BAUG BRANCHCOLABAD CUSWAYMUMBAIMH400039IN |
|
7 |
B32396921 |
10117125 |
BANK OF INDIA |
04/07/2008 |
- |
16/10/2010 |
7500000.0 |
NEPEANSEA ROAD BRANCH,66, NEPEANSEA ROAD,MUMBAIMH400006IN |
|
8 |
A60361862 |
90240693 |
BNP PARIBAS |
27/06/2000 |
23/12/2004 |
26/03/2009 |
80000000.0 |
FRENCH BANK BUILDING, 62 ,HOMJI STREET, FORT,MUMBAIMH400001IN |
|
9 |
A52305661 |
10046426 |
CITIBANK N.A. |
14/02/2007 |
- |
05/12/2008 |
6000000.0 |
CITIGROUP CENTRE, BANDRA KURLA COMPLEXG BLOCK, BANDRA EASTMUMBAIMH400051IN |
|
10 |
A23861024 |
90036641 |
SCOTIA FINNCE PRIVATE LIMITED |
10/07/2001 |
- |
14/09/2007 |
736533.0 |
UPPER GROUND FLOOR; MR. GOPAL DAS BHAWAN28; BARAKHAMBA ROADNEW DELHIDL110001IN |
FIXED ASSETS:
Tangible Assets
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
· Leasehold Improvements
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 66.78 |
|
UK Pound |
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.