|
|
|
MIRA INFORM REPORT
|
Report No. : |
507137 |
|
Report Date : |
03.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
POLYOLS AND POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C1/ 58-59, 100 Shed Area, Chanod,
G.I.D.C., Vapi – 396195, Gujarat |
|
Tel. No.: |
91-260-2970333 |
|
|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
15.09.2016 |
|
|
|
|
Com. Reg. No.: |
04-093748 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 33.668 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24303GJ2016PTC093748 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0888001771 |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AAICP7783N1ZM |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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|
|
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PAN No.: [Permanent Account No.] |
AAICP7783N |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer of Rubber and Plastic Products. (Registered
Activity) |
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|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject was established during the year 1989 as partnership firm with
the name of “Polyols and Polymers” and later in September 2016 it got
converted into private limited with the name of “Polyols and Polymers Private
Limited”. For the available financials of September 2016 to March 2017, the
company has achieved decent revenue from its operation and reported average
profitability margin of 1.92%. Rating takes into consideration company sound financial profile along
with healthy capital base and low debt balance sheet. Further, rating also reflects from its long track record of the
business operation and extensive experience of the promoters. However, rating strength is partially offset by intense competition
form organized and unorganized players in the industry. Trade relations are reported as fair. Business is active. Payments
terms are seems to be slow but 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.
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 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 DECLINED
Management non-cooperative (Tel No.: 91-260-2970333)
LOCATIONS
|
Registered Office/ Factory : |
C1/ 58-59, 100 Shed Area, Chanod,
G.I.D.C., Vapi – 396195, Gujarat, India |
|
Tel. No.: |
91-260-2970333/ 2452108 |
|
Fax No.: |
91-260-2402985/ 2452108 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1780 Sq. Mtr. |
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Supratik Dutt |
|
Designation : |
Managing Director |
|
Address : |
Sunshine Bunglow, Plot No-81, Bhagyoday Society, Next To
Jain Temple, Vapi Daman Road, Chala, Vapi, Taluka Pardi, District Valsad –
396191, Gujarat, India |
|
Date of Appointment : |
15.09.2016 |
|
DIN No.: |
06994988 |
|
PAN No.: |
AKIPD0783F |
|
|
|
|
Name : |
Mr. Pradeep Vasudeo Bulchandani |
|
Designation : |
Whole-time Director |
|
Address : |
Gurukrupa Krishna Society, Bunatpada, Sanjan, Umbergaon,
Valsad Sanjan -396150, Gujarat, India |
|
Date of Appointment : |
15.09.2016 |
|
DIN No.: |
07060459 |
|
PAN No.: |
ABOPB8534F |
|
|
|
|
Name : |
Ms. Archana Dutt |
|
Designation : |
Whole-time Director |
|
Address : |
Sunshine Bunglow, Plot No-81,Bhagyoday Society Next To Jain Temple, Vapi Daman Road, Chala, Vapi Taluka Pardi District Valsad – 396191, Gujarat, India |
|
Date of Birth/Age : |
03.04.1952 |
|
Date of Appointment : |
07.11.2016 |
|
PAN No.: |
ABHPD0045N |
|
DIN No.: |
07579990 |
|
|
|
|
Name : |
Mr. Trushitkumar Navnitlal Patel |
|
Designation : |
Director |
|
Address : |
468, Hanuman Faliya, Kalwada, Kalwada – 396045, Gujarat, India |
|
Date of Appointment : |
15.09.2016 |
|
DIN No.: |
07514081 |
|
PAN No.: |
BNUPP2493N |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Supratik Dutt |
336676 |
10.00 |
|
Pradeep Vasudeo Bulchandani |
16834 |
0.50 |
|
Trushitkumar Navnitlal Patel |
336676 |
10.00 |
|
Archana Dutt |
2003222 |
59.50 |
|
Navnitlal Durlabhbhai Patel |
336676 |
10.00 |
|
Gitaben Navnitbhai Patel |
336676 |
10.00 |
|
Total |
3366760 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Rubber and Plastic Products. (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 : |
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 |
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Bankers : |
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Facilities : |
(INR
in Million)
|
|
Auditors : |
|
|
Name : |
Kakaria and Associates Chartered Accountants |
|
Address : |
Kakaria's Excellenza, Royal Fortune Complex, Daman Road,
Chala, Vapi - 396191, Gujarat, India |
|
Tel. No.: |
91-260-3981000 (30 Lines) |
|
E-mail : |
|
|
Website : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAHFK2571P |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 27.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3366760 |
Equity Shares |
INR 10/- each |
INR 33.668 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
|
|
15.09.2016 to 31.03.2017 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
33.668 |
|
(b) Reserves & Surplus |
|
|
2.086 |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
35.754 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
14.260 |
|
(b) Deferred tax liabilities
(Net) |
|
|
0.130 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities (3) |
|
|
14.390 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
9.067 |
|
(b) Trade payables |
|
|
38.152 |
|
(c) Other current liabilities |
|
|
8.704 |
|
(d) Short-term provisions |
|
|
0.876 |
|
Total
Current Liabilities (4) |
|
|
56.799 |
|
|
|
|
|
|
TOTAL |
|
|
106.943 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
9.357 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital work-in-progress |
|
|
21.912 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
3.885 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
35.154 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
4.199 |
|
(b) Inventories |
|
|
15.609 |
|
(c) Trade receivables |
|
|
21.994 |
|
(d) Cash and cash equivalents |
|
|
8.980 |
|
(e) Short-term loans and
advances |
|
|
18.148 |
|
(f) Other current assets |
|
|
2.859 |
|
Total
Current Assets |
|
|
71.789 |
|
|
|
|
|
|
TOTAL |
|
|
106.943 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
15.09.2016 to 31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
100.521 |
|
|
Other Income |
|
|
0.348 |
|
|
TOTAL
|
|
|
100.869 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
75.254 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(5.270) |
|
|
Employees benefits expense |
|
|
9.380 |
|
|
Other expenses |
|
|
17.711 |
|
|
TOTAL |
|
|
97.075 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
3.794 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.365 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
3.429 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
|
0.338 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
|
3.091 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
1.005 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
|
2.086 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
22.919 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
|
0.62 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
15.09.2016 to 31.03.2017 |
|
Current Maturities of Long term debt |
|
|
1.938 |
|
Cash generated from operations |
|
|
11.552 |
|
Net cash flow from operating activities |
|
|
9.995 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
15.09.2016 to 31.03.2017 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
|
|
79.86 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
|
4.57 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
|
185.05 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
|
0.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
|
0.12 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
15.09.2016 to 31.03.2017 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
|
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
|
0.71 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
|
1.59 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
|
0.87 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
|
10.39 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
15.09.2016 to 31.03.2017 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
|
|
2.08 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
|
1.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
|
5.83 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
15.09.2016 to 31.03.2017 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
|
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
|
0.99 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
|
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
|
0.75 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
|
1.26 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
POLYOLS AND POLYMERS
(PARTNERSHIP FIRM)
BALANCE SHEET
|
SOURCES OF FUNDS |
31.07.2016 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
33.668 |
45.937 |
38.163 |
|
(b) Reserves &
Surplus |
0.000 |
0.000 |
0.000 |
|
(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) |
33.668 |
45.937 |
38.163 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
5.809 |
25.189 |
25.484 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
5.809 |
25.189 |
25.484 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
12.189 |
|
|
|
(b) Trade payables |
30.235 |
27.913 |
21.636 |
|
(c) Other current
liabilities |
13.018 |
0.000 |
0.000 |
|
(d) Short-term provisions |
3.524 |
2.022 |
1.919 |
|
Total Current Liabilities
(4) |
58.966 |
29.935 |
23.555 |
|
|
|
|
|
|
TOTAL |
98.443 |
101.061 |
87.202 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
31.103 |
31.283 |
31.464 |
|
(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 |
3.166 |
2.360 |
0.000 |
|
Total Non-Current Assets |
34.269 |
33.643 |
31.464 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
19.608 |
0.000 |
13.240 |
|
(c) Trade receivables |
21.080 |
0.000 |
24.622 |
|
(d) Cash and cash
equivalents |
5.970 |
0.000 |
10.740 |
|
(e) Short-term loans and
advances |
0.269 |
67.418 |
1.824 |
|
(f) Other current assets |
17.247 |
0.000 |
5.312 |
|
Total Current Assets |
64.174 |
67.418 |
55.738 |
|
|
|
|
|
|
TOTAL |
98.443 |
101.061 |
87.202 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.07.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
63.656 |
|
|
Other Income |
|
|
5.304 |
|
|
TOTAL |
|
|
68.960 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
41.295 |
|
|
Purchases of
Stock-in-Trade |
|
|
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(0.711) |
|
|
Employees benefits
expense |
|
|
2.869 |
|
|
Other expenses |
|
|
18.329 |
|
|
TOTAL |
|
|
61.782 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
7.178 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
0.157 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
7.021 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.546 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
6.475 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
2.001 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
|
4.474 |
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
188.331 |
218.261 |
|
|
Other Income |
|
8.062 |
8.737 |
|
|
TOTAL |
|
196.393 |
226.998 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
122.580 |
160.826 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Bank Charges (Import and
Domestic Purchase) |
|
0.347 |
0.229 |
|
|
Carriage inwards |
|
2.807 |
1.948 |
|
|
C.E.T.P. Expense |
|
0.348 |
0.232 |
|
|
Electricity Charges
(Power) |
|
0.987 |
0.866 |
|
|
Employer's Contro to ESIC |
|
0.203 |
0.172 |
|
|
E.T.P. Expense |
|
2.117 |
1.694 |
|
|
Excise Duty |
|
9.103 |
9.712 |
|
|
Factory Expense |
|
0.058 |
0.155 |
|
|
Insurance |
|
0.000 |
0.100 |
|
|
Job Work Charges |
|
10.927 |
7.468 |
|
|
laboratory Expense |
|
1.039 |
0.068 |
|
|
Logistic Support |
|
0.636 |
0.387 |
|
|
Leave Wages/ Salary A/c |
|
0.011 |
0.000 |
|
|
Oils and Lubricants |
|
0.024 |
0.012 |
|
|
Overtime Wages |
|
0.942 |
0.938 |
|
|
RM-Clearing Charges for
Import |
|
2.012 |
1.670 |
|
|
Tools and Spare Parts |
|
0.788 |
0.834 |
|
|
Wages |
|
4.196 |
3.197 |
|
|
Water Charges |
|
0.457 |
0.399 |
|
|
Bank Charges |
|
0.606 |
0.750 |
|
|
Bonus |
|
0.581 |
0.503 |
|
|
Couriers Charges
(expense) |
|
0.035 |
0.197 |
|
|
Employer's Contro to P.F |
|
0.619 |
0.492 |
|
|
Foreign bank charges |
|
0.283 |
0.298 |
|
|
Forwarding Charges |
|
4.069 |
6.134 |
|
|
Generator Expenses |
|
0.070 |
0.143 |
|
|
Group Gratuity Scheme |
|
0.002 |
0.170 |
|
|
Insurance Premium Paid
(ECGC) |
|
0.302 |
0.392 |
|
|
Interest on late payments |
|
0.003 |
0.402 |
|
|
Interest on Standby Line
of Credit |
|
0.000 |
0.288 |
|
|
Interest paid on bill
discounting |
|
0.000 |
0.104 |
|
|
Interest Paid on CC A/c |
|
1.177 |
1.926 |
|
|
Keyman Insurance Premium |
|
0.233 |
0.234 |
|
|
License Application Fees |
|
0.359 |
0.238 |
|
|
Printing and Stationery |
|
0.306 |
0.330 |
|
|
Professional Fees |
|
0.491 |
0.299 |
|
|
Insurance Marine
(Transit) |
|
0.330 |
0.469 |
|
|
Rates and Taxes |
|
0.060 |
0.123 |
|
|
Reach Regulation License
fees w/off |
|
0.801 |
0.237 |
|
|
Repair and Maintenance |
|
0.787 |
0.820 |
|
|
Salary |
|
2.936 |
2.335 |
|
|
Sales Commission |
|
0.186 |
0.102 |
|
|
Sales Commission (Export) |
|
0.022 |
0.601 |
|
|
Staff welfare |
|
0.475 |
0.354 |
|
|
Telephone Expense |
|
0.173 |
0.139 |
|
|
Vehicle Expenses of
Partners |
|
0.091 |
0.110 |
|
|
Other expenses |
|
13.118 |
9.894 |
|
|
TOTAL |
|
187.697 |
218.991 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST,
TAX, DEPRECIATION AND AMORTISATION |
|
8.696 |
8.007 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
8.696 |
8.007 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
|
1.631 |
1.659 |
|
|
|
|
|
|
|
|
NET PROFIT |
|
7.065 |
6.348 |
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 |
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 |
No |
|
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 about 6 and half
month |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last about 6 and half
month |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION:
Subject was incorporated on 15.09.2016 by conversion partnership firm
named Polyols and Polymers. Company having its registered office at C-1/58-59,
100 shed Area, G.I.D.C, Vapi – 396195 in the state of Gujarat. Company is
engaged in the business of manufacturing processing of chemicals, plastics and
polymers and other ancillary activities.
|
Unsecured Loan |
31.03.2017 INR In Million |
|
LONG-TERM
BORROWINGS |
|
|
From related parties |
|
|
Loan From Director |
11.995 |
|
Total |
11.995 |
INDEX OF CHARGE:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G86143047 |
100080347 |
State Bank of India |
10/02/2017 |
03/04/2018 |
- |
47900000.0 |
Silvasa Road, Near Globe Chamber, GIDC Char Rasta, Phase 2, GIDC, Vapi Vapi Gujarat 396195 India |
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Computer Software
·
Vehicles
·
Office Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 66.66 |
|
|
1 |
INR 90.66 |
|
Euro |
1 |
INR 80.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
NO |
|
--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.
·