|
|
|
MIRA INFORM REPORT
|
Report No. : |
506165 |
|
Report Date : |
03.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
FORSTAR FROZEN FOODS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
505A, Galleria, Hinranandani Gardens, A.S. Marg, Powai, Mumbai –
400076, Maharashtra |
|
Tel. No.: |
91-22-27410807 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
02.07.1992 |
|
|
|
|
Com. Reg. No.: |
11-067511 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05000MH1992PTC067511 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0392068460 |
|
|
|
|
TIN / CST No.: |
27420006313 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACF3557C1ZX |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF3557C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Processing and preserving of other fish and fish
products. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 2200000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is
an established company incorporated in the year 1992 and it is having good
track. It
processes and exports marine food, mainly to Europe, Japan, and the Middle
East. The company also manufactures ready-to-eat seafood under the Forstar
brand for domestic sales. Its processing facility is in Taloja, Maharashtra. For the
financial year 2017, the company has increased in its revenue from operations
as compared to previous year and maintained average profitability margin of
3.67%. Rating
takes into consideration sound financial profile of the company marked by
healthy networth base and low debt balance sheet. Further,
rating also derives strength from its extensive experience of the promoters
as well as established track record of business operations in the seafood
industry and improvement in the revenue along with profitability profile
during the year. However,
rating strength is partially offset by susceptibility to changes in nature
and to intense competition. Trade
relations are reported as fair. Business is active. Payment terms are seems
to be regular. In view of the 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 |
CRISIL |
|
Rating |
Long Term Rating= BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit
risk. |
|
Date |
21.12.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating= A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
21.12.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 03.05.2018
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 DENIED BY
|
Name : |
Mr. Kiran |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-22-27410807 |
|
Date : |
03.05.2018 |
LOCATIONS
|
Registered Office : |
505A, Galleria, Hinranandani Gardens, A.S. Marg, Powai, Mumbai –
400076, Maharashtra, India |
|
Tel. No.: |
91-22-27410807 |
|
Fax No.: |
91-22-66923819 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Plant and Administrative Office : |
M53, MIDC, Industrial Area, Taloja, Navi Mumbai – 410208,
Maharashtra,
India |
|
Tel. No.: |
91-22-27401073 / 27410807 |
|
Fax No.: |
91-22-27410999 |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Sankaran Gangadharan Kumarkurup Nair |
||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||
|
Address : |
22, Eden Bunglows, A.S. Marg, Hiranandani Gardens, Powai, Mumbai –
400076, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
01.01.1944 |
||||||||||||||||
|
Date of Appointment : |
09.11.1992 |
||||||||||||||||
|
PAN No.: |
ABRPN7956J |
||||||||||||||||
|
DIN No.: |
00050295 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Jiju Maniyil Parameswaran |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
1502, Solitaire, A.S. Marg, Hiranandani Gardens, Powai, Mumbai –
400076, Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
26.03.1966 |
||||||||||||||||
|
Date of Appointment : |
16.11.2002 |
||||||||||||||||
|
PAN No.: |
AGIPP7304C |
||||||||||||||||
|
DIN No.: |
00358256 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Moni Maniyil Parameswaran Pillai |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
2102, Solitaire, A.S. Marg, Hiranandani Gardens, Powai, Mumbai – 400076,
Maharashtra, India |
||||||||||||||||
|
Date of Birth/Age : |
16.10.1973 |
||||||||||||||||
|
Date of Appointment : |
06.01.2003 |
||||||||||||||||
|
PAN No.: |
AGIPP7292D |
||||||||||||||||
|
DIN No.: |
00049839 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
|
|
|
|
Sankaran Gangadharan Kumarkurup Nair |
730760 |
|
Sankaran Gangadharan Kumarkurup Nair HUF |
14564 |
|
Satyabhama Nair |
126676 |
|
Jiju Maniyil Parameswaran |
28800 |
|
Moni Maniyil Parameswaran Pillai |
28800 |
|
Binoo Jiju Pillai |
35200 |
|
Bindu Moni Pillai |
35200 |
|
|
|
|
Total |
1000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Processing and preserving of other fish and fish
products. [Registered Activity] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Jayesh Sanghrajka and Company LLP Chartered Accountants |
|
Address : |
309/104, Trikal Cooperative Housing Society Limited, 90 Feet Road, Pant Nagar, Ghatkopar (East), Mumbai – 400075, Maharashtra, India |
|
PAN No.: |
AADFJ9072C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates /
Subsidiary company : |
|
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
|
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 100/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 100/- each |
INR 100.000 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 |
100.000 |
100.000 |
100.000 |
|
(b) Reserves & Surplus |
658.431 |
544.304 |
434.572 |
|
(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) |
758.431 |
644.304 |
534.572 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.244 |
3.375 |
61.076 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
16.476 |
|
(c) Other long term
liabilities |
1.950 |
1.130 |
1.080 |
|
(d) Long-term
provisions |
0.000 |
0.266 |
0.230 |
|
Total Non-current
Liabilities (3) |
2.194 |
4.771 |
78.862 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
559.500 |
239.522 |
535.931 |
|
(b) Trade
payables |
111.746 |
303.198 |
327.459 |
|
(c) Other
current liabilities |
21.212 |
16.650 |
0.000 |
|
(d) Short-term
provisions |
31.222 |
80.763 |
105.346 |
|
Total Current
Liabilities (4) |
723.680 |
640.133 |
968.736 |
|
|
|
|
|
|
TOTAL |
1484.305 |
1289.208 |
1582.170 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
359.335 |
401.950 |
448.363 |
|
(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 |
216.009 |
206.340 |
194.569 |
|
(c) Deferred tax assets (net) |
23.167 |
4.970 |
0.000 |
|
(d)
Long-term Loan and Advances |
11.010 |
8.154 |
8.200 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
609.521 |
621.414 |
651.132 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
107.576 |
58.253 |
55.428 |
|
(b)
Inventories |
252.849 |
250.395 |
360.026 |
|
(c) Trade
receivables |
409.547 |
248.458 |
349.670 |
|
(d) Cash
and cash equivalents |
54.827 |
10.623 |
6.180 |
|
(e) Short-term
loans and advances |
5.041 |
0.000 |
0.961 |
|
(f) Other
current assets |
44.944 |
100.065 |
158.773 |
|
Total
Current Assets |
874.784 |
667.794 |
931.038 |
|
|
|
|
|
|
TOTAL |
1484.305 |
1289.208 |
1582.170 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3629.928 |
2515.340 |
3248.667 |
|
|
Other Income |
10.706 |
8.548 |
13.776 |
|
|
TOTAL |
3640.634 |
2523.888 |
3262.443 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2999.229 |
1880.455 |
2616.446 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.453) |
109.632 |
27.717 |
|
|
Employee benefit expense |
69.900 |
58.222 |
28.897 |
|
|
CSR expenditure |
1.000 |
0.110 |
0.000 |
|
|
Other expenses |
333.675 |
253.761 |
338.558 |
|
|
TOTAL |
3401.351 |
2302.180 |
3011.618 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
239.283 |
221.708 |
250.825 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
47.530 |
44.138 |
68.691 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
191.753 |
177.570 |
182.134 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
45.658 |
64.650 |
73.420 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
146.095 |
112.920 |
108.714 |
|
|
|
|
|
|
|
Less |
TAX |
13.025 |
2.654 |
36.945 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
133.070 |
110.266 |
71.769 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
0.000 |
2861.060 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
2861.060 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and spare
parts |
7.348 |
5.907 |
10.743 |
|
|
Capital Goods |
3.707 |
10.941 |
9.602 |
|
|
TOTAL IMPORTS |
11.056 |
16.848 |
20.344 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
13.31 |
11.03 |
71.75 |
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 flows from (used in) operations |
(116.888) |
517.772 |
489.588 |
|
Net cash flows from (used in) operating activities |
(155.233) |
493.673 |
489.588 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
41.18 |
36.05 |
39.29 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.86 |
10.12 |
9.29 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
13.60 |
58.85 |
45.68 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.95 |
0.89 |
0.70 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.67 |
0.55 |
0.56 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.49 |
0.50 |
0.65 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.74 |
0.38 |
1.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.95 |
0.99 |
1.81 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.47 |
0.62 |
0.84 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.03 |
5.02 |
3.65 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
3.67 |
4.38 |
2.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.97 |
8.55 |
4.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
17.55 |
17.11 |
13.43 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.21 |
1.04 |
0.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.86 |
0.65 |
0.59 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.51 |
0.50 |
0.34 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.60 |
2.43 |
5.97 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.21 |
1.04 |
0.96 |
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 |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
434.572 |
544.304 |
658.431 |
|
Net
worth |
534.572 |
644.304 |
758.431 |
|
|
|
|
|
|
Long-term borrowings |
61.076 |
3.375 |
0.244 |
|
Short term borrowings |
535.931 |
239.522 |
559.500 |
|
Total
borrowings |
597.007 |
242.897 |
559.744 |
|
Debt/Equity
ratio |
1.117 |
0.377 |
0.738 |
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 |
3248.667 |
2515.340 |
3629.928 |
|
|
|
(22.573) |
44.312 |
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 |
3248.667 |
2515.340 |
3629.928 |
|
Profit/ (Loss) |
71.769 |
110.266 |
133.070 |
|
|
2.21
% |
4.38
% |
3.67
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
100.000 |
100.000 |
|
(b) Reserves and Surplus |
|
659.964 |
544.604 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
26.422 |
26.003 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
759.964 |
644.604 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.244 |
3.375 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
1.950 |
1.130 |
|
(d) long-term
provisions |
|
0.000 |
0.266 |
|
Total Non-current
Liabilities (3) |
|
2.194 |
4.771 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
562.100 |
248.472 |
|
(b) Trade
payables |
|
120.053 |
304.620 |
|
(c) Other
current liabilities |
|
21.212 |
16.665 |
|
(d) Short-term
provisions |
|
31.235 |
81.162 |
|
Total Current
Liabilities (4) |
|
734.600 |
650.919 |
|
|
|
|
|
|
TOTAL |
|
1523.180 |
1326.297 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
430.935 |
473.558 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
181.591 |
170.383 |
|
(c) Deferred tax assets (net) |
|
23.167 |
4.970 |
|
(d)
Long-term
loans and advances |
|
11.810 |
8.954 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
647.503 |
657.865 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
107.576 |
58.253 |
|
(b)
Inventories |
|
252.849 |
250.395 |
|
(c) Trade
receivables |
|
409.547 |
248.458 |
|
(d) Cash and bank
balances |
|
55.565 |
11.113 |
|
(e)
Short-term loans and advances |
|
5.191 |
0.150 |
|
(f) Other
current assets |
|
44.949 |
100.063 |
|
Total
Current Assets |
|
875.677 |
668.432 |
|
|
|
|
|
|
TOTAL |
|
1523.180 |
1326.297 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
3639.367 |
2516.780 |
|
|
Other Income |
|
10.749 |
8.548 |
|
|
TOTAL |
|
3650.116 |
2525.328 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
3002.165 |
1880.836 |
|
|
Purchases of
Stock-in-Trade |
|
4.283 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(2.454) |
109.632 |
|
|
Employee benefit expense |
|
70.068 |
58.297 |
|
|
CSR expenditure |
|
1.000 |
0.110 |
|
|
Other expenses |
|
334.406 |
254.376 |
|
|
TOTAL |
|
3409.468 |
2303.251 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
240.648 |
222.077 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
47.578 |
44.145 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
193.070 |
177.932 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
45.666 |
64.659 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
147.404 |
113.273 |
|
|
|
|
|
|
|
Less |
TAX |
|
13.037 |
3.053 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
|
134.367 |
110.220 |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) OF MINORITY INTEREST |
|
(0.432) |
(0.123) |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
133.934 |
110.098 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
13.39 |
11.01 |
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 |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PERFORMANCE REVIEW
During the year the turnover of the company has increased from INR 2515.340 million to INR 3629.928 million and the Net profit after tax has also increased from INR 110.266 million to INR 133,.070 million during the period.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C47769567 |
10558225 |
HDFC BANK LIMITED |
09/07/2014 |
- |
- |
2223862.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL W MUMBAI MH400013IN |
|
2 |
A06168850 |
10025074 |
BANK OF INDIA |
02/11/2006 |
- |
- |
10000000.0 |
MUMBAI OVERSEAS BRANCH, BANK OF INDIA BUILDING,MEZZANINE FLOOR, 70/80, M. G. ROAD, FORT, MUMBAI MH400023IN |
|
3 |
C32437402 |
90154056 |
UNION BANK OF INDIA - LEAD BANK OF UNION BANK CONSORTIUM |
11/08/2004 |
05/08/2014 |
- |
753500000.0 |
MUMBAI SAMACHAR MARG BRANCH,66/80, MUMBAI SAMACHAR MARG, FORT,MUMBAIMH400023IN |
|
4 |
G09166620 |
90152638 |
UNION BANK OF INDIA |
23/09/2004 |
- |
21/07/2016 |
17500000.0 |
66/80 MUMBAI SAMACHAR MARGMUMAIMH400023IN |
|
5 |
G09166125 |
10009862 |
UNION BANK OF INDIA |
22/06/2006 |
22/06/2006 |
21/07/2016 |
9000000.0 |
FOREIGN EXCH. DEPT., MUMBAI SAMACHAR MARG BRANCH,66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI MH400023IN |
|
6 |
G09288960 |
90153408 |
THE FEBERAL BANK |
25/08/1997 |
25/08/1997 |
21/07/2016 |
9800000.0 |
DFADR BARNCH MUMAI MH400014IN |
|
7 |
G09176926 |
90154166 |
THE FEBERAL BANK |
26/02/1994 |
13/12/2002 |
21/07/2016 |
8800000.0 |
DADAR BANCH MUMAI MH400014IN |
|
8 |
G09167032 |
90154175 |
UNION BANK OF INDIA |
23/09/1994 |
18/03/2005 |
21/07/2016 |
17500000.0 |
MUMBAI SAMACHAR MARG66/80 MUMBAI SAMACHAR MUMAI MH400023IN |
|
9 |
G09288176 |
90154165 |
THE FEBERAL BANK LTD |
25/02/1994 |
- |
21/07/2016 |
9800000.0 |
DADAR BANCH MUMAI MH400014IN |
|
10 |
G09166323 |
10153114 |
UNION BANK OF INDIA |
06/03/2009 |
- |
21/07/2016 |
10000000.0 |
MUMBAI SAMACHAR MARG BRANCH, FOREIGN EXCHANGE DEPT66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI MH400023IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
TJL |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.