|
|
|
MIRA INFORM REPORT
|
Report No. : |
506809 |
|
Report Date : |
04.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BRITACEL SILICONES LIMITED ((w.e.f. 12.04.2007) |
|
|
|
|
Formerly Known
As : |
ENPEE PHARMA LIMITED |
|
|
|
|
Registered Office
: |
F - 18, Street
No. 23, MIDC, Marol, Andheri (East), Mumbai – 400093, Maharashtra |
|
Tel. No.: |
91-22-40094000/ 4001/ 4099 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
23.04.1982 |
|
|
|
|
Com. Reg. No.: |
11-026989 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 48.048 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH1982PLC026989 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0391153919 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
30AAACE0309B1ZT / 27AAACE0309B1ZG |
|
|
|
|
TIN / CST No.: |
27320602918 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE0309B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and processors in full range of silicones, specialty silicones and non-silicones formulations polymers, emulsions and compounds for various silicones compositions to various industry. [Registered Activity] Manufacturer
and exporter of textile finishing chemicals such as garment processing,
continuous dyeing auxiliary etc. [Confirmed by management] |
|
|
|
|
No. of Employees
: |
61 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company incorporate in the year 1982 having
satisfactory track. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has reported fair profit margin at 1.99% (approx.) The company possesses sound financial profile marked by healthy net
worth base along with low debt level of the company. The company also derives strength from its standing track record of
business operations. Trade relations are reported as fair. Business is active. Payments
terms are seems to be usually correct and as per commitments. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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 04.05.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Atul Joshi |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9822100135 |
|
Date : |
02.05.2018 |
LOCATIONS
|
Registered Office : |
F - 18, Street No.
23, MIDC, Marol, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-40094000/ 4001/ 4099 |
|
Mobile No.: |
91- 9822100135 (Mr. Atul Joshi) |
|
Fax No.: |
91-22-40094003 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
636 sq. mtrs. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
Plants : |
|
|
Unit 1 : |
F - 18, Street
No. 23, MIDC, Marol, Andheri [East], Mumbai – 400093, |
|
Area : |
636 sq. mtrs. –
plot area 628.92 sq. mtrs.
– built up area |
|
|
|
|
Unit 2 : |
Shed No. D-2/6,
Plot No. 192/F, Kundaim Industrial Estate, Kundaim, District Ponda, Goa –
403110, |
|
|
91-832-2395104/2395105 |
|
Fax No.: |
91-832-2395104 |
|
Area : |
1423 sq. mtrs. – plot
area 250 sq. mtrs. –
built up area |
|
Location: |
Owned |
|
|
|
|
Unit 3 : |
Plot No. L-124, L – 125 and 126, Verna Industrial Estate,
[Phase – III], Verna, Goa – 403772, India |
|
Tel. No. : |
91-832-2783939/2783940 |
|
Fax No. : |
91-832-2782929 |
|
E-mail : |
|
|
Area : |
9672 sq. mtrs. –
plot area 1521 sq. mtrs. –
built up area |
|
Location: |
Owned |
|
|
|
|
Unit 4 : |
Plot No. L – 124,
Verna Industrial Estate, Phase III, Verna, Goa – 403 772, |
|
|
91-832-2783939/
2783940 |
|
Fax No.: |
91-832-2782929 |
|
E-mail : |
|
|
Area : |
7125 sq. meters. –
plot area 1200 sq. meters.
– built up area |
|
Location: |
Owned |
|
|
|
|
Branch Offices
: |
No. 6, Groun
Floor, State Bank Colony, Kongu Nagar Extention, Near Om Shakti Temple,
Tirupur – 641607, India Tel No. :
91-421-4243261 Fax No. : 91-421-4343262 D – 103,
Abhilasha Apartment, Opposite Aarohi Bungalows, Ring Road, Satellite,
Ahmedabad – 380015, Gujarat, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Naishadh Hiren Desai |
||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||
|
Address : |
Unit No. 49 A/B, Yashodham, Plot No. 68 General A.K. Vaidya Marg,
Goregaon (East), Mumbai – 400063, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.12.1955 |
||||||||||||||||||||||||||||
|
Qualification : |
B. Sc., FICS (West Germany) |
||||||||||||||||||||||||||||
|
PAN No.: |
AACPD2017J |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.10.2013 |
||||||||||||||||||||||||||||
|
DIN No.: |
00001362 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Ketan Hiren Desai |
||||||||||||||||||||||||||||
|
Designation : |
Whole time Director |
||||||||||||||||||||||||||||
|
Address : |
Unit No. 49 A/B, Yashodham, Plot No. 68 General A.K. Vaidya Marg,
Goregaon (East), Mumbai – 400063, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.12.1965 |
||||||||||||||||||||||||||||
|
Qualification : |
B. Pharm |
||||||||||||||||||||||||||||
|
PAN No.: |
AACPD2018H |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.10.2013 |
||||||||||||||||||||||||||||
|
DIN No.: |
00001364 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Ms. Kaminee Hiten Desai |
||||||||||||||||||||||||||||
|
Designation : |
Executive Director |
||||||||||||||||||||||||||||
|
Address : |
Unit No. 49 A/B, Yashodham, Plot No. 68 General A.K. Vaidya Marg,
Goregaon (East), Mumbai – 400063, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.12.1965 |
||||||||||||||||||||||||||||
|
Qualification : |
B. Com. |
||||||||||||||||||||||||||||
|
PAN No.: |
AAEPD1227G |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.10.2013 |
||||||||||||||||||||||||||||
|
DIN No.: |
00001367 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Nalini Hiren Vashi |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Unit No. 49 A/B, Yashodham, Plot No.68 General A.K. Vaidya Marg,
Goregaon (East), Mumbai – 400063, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2017 |
||||||||||||||||||||||||||||
|
DIN No.: |
01395825 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Prassami Naishadh Desai |
||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||
|
Address : |
Flat No 5, 4th Floor, Joy Sagar, Plot No 9, Vallabh Nagar, N S Road
No.4, JVPD Schem (East), Vile Parle, Mumbai – 400056, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
02.11.2017 |
||||||||||||||||||||||||||||
|
DIN No.: |
07977625 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Ms. Manasvvi Naishadh Desai |
||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||
|
Address : |
Flat No.5, 4th Floor, Joy Sagar, Plot No.9, Vallabh Nagar, NS Road
No.4, JVPD Scheme, Vile Parle, Mumbai – 400056, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
02.11.2017 |
||||||||||||||||||||||||||||
|
DIN No.: |
07977633 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Chandrakant Amritlal Talati |
||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||
|
Address : |
D-203, Vrindavan CHSL, Near Pawar School, Kandivali (West), Mumbai –
400067, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
02.11.2017 |
||||||||||||||||||||||||||||
|
DIN No.: |
07979167 |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Harshit Ravindra Kapadia |
||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||
|
Address : |
Mathura Bhuvan, Opposite Jaya Talkies, S V Road, Borivali (West),
Mumbai – 400092, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Appointment : |
02.11.2017 |
||||||||||||||||||||||||||||
|
DIN No.: |
07979169 |
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Atul Joshi |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Naishadh Desai |
8164 |
|
Ketan Desai |
8164 |
|
Kaminee Desai |
8164 |
|
Hiren M. Vashi |
4875 |
|
Nalini Hiren Vashi |
3068 |
|
Apurva Desai (NRI) |
7709 |
|
Bhavana Desai (NRI) |
7904 |
|
|
|
|
Total |
48048 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
67.51 |
|
Promoters [Bodies
corporate] |
32.49 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and processors in full range of silicones, specialty silicones and non-silicones formulations polymers, emulsions and compounds for various silicones compositions to various industry. [Registered Activity] Manufacturer
and exporter of textile finishing chemicals such as garment processing,
continuous dyeing auxiliary etc. [Confirmed by management] |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Products / Services
: |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Brand Names : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Agencies Held : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Exports : |
|
||||||||||||||||||
|
Products : |
|
||||||||||||||||||
|
Countries : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Imports : |
|
||||||||||||||||||
|
Products : |
|
||||||||||||||||||
|
Countries : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Terms : |
|
||||||||||||||||||
|
Selling : |
Advance Payment, Cheque and Others (RTGS / NEFT) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Purchasing : |
Advance Payment, Cheque and Others (RTGS / NEFT) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers, End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
61 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Rameshbhai R.
Shah and Company Chartered
Accountants |
|
Address : |
B – 307, Sagar
Apartment, Off. S.V. Road, Borivali (East), Mumbai – 400105, Maharashtra,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACPS5309J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
Baysil Chemicals Private Limited, India U24100MH2007PTC170085 Crosfield Textile Chemicals (India) Private Limited, India U24200MH2008PTC187962 |
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 1000/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48048 |
Equity Shares |
INR 1000/- each |
INR 48.048 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
48.048 |
48.048 |
48.048 |
|
(b) Reserves & Surplus |
442.557 |
417.565 |
418.691 |
|
(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) |
490.605 |
465.613 |
466.739 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.719 |
1.500 |
1.500 |
|
(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) |
2.719 |
1.500 |
1.500 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
208.570 |
217.025 |
153.427 |
|
(b) Trade
payables |
140.209 |
139.033 |
127.435 |
|
(c) Other current
liabilities |
13.939 |
25.581 |
8.598 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
362.718 |
381.639 |
289.460 |
|
|
|
|
|
|
TOTAL |
856.042 |
848.752 |
757.699 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
62.799 |
61.434 |
80.344 |
|
(ii)
Intangible Assets |
0.077 |
0.086 |
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 |
0.057 |
0.056 |
0.056 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
62.933 |
61.576 |
80.400 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
22.608 |
68.108 |
22.500 |
|
(b)
Inventories |
212.177 |
241.933 |
215.636 |
|
(c) Trade receivables |
466.586 |
441.199 |
390.010 |
|
(d) Cash
and cash equivalents |
71.316 |
13.536 |
8.807 |
|
(e)
Short-term loans and advances |
19.083 |
21.755 |
28.865 |
|
(f) Other
current assets |
1.339 |
0.645 |
11.481 |
|
Total
Current Assets |
793.109 |
787.176 |
677.299 |
|
|
|
|
|
|
TOTAL |
856.042 |
848.752 |
757.699 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1258.290 |
1089.832 |
946.626 |
|
|
Other Income |
1.350 |
4.319 |
123.065 |
|
|
TOTAL |
1259.640 |
1094.151 |
1069.691 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
843.744 |
786.796 |
678.847 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
2.892 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
3.219 |
0.983 |
1.986 |
|
|
Employee benefit expense |
205.201 |
118.361 |
196.083 |
|
|
Other expenses |
136.564 |
132.075 |
137.237 |
|
|
TOTAL |
1188.728 |
1038.215 |
1017.045 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
70.912 |
55.936 |
52.646 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
22.846 |
27.680 |
26.239 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
48.066 |
28.256 |
26.407 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.574 |
10.873 |
10.999 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
37.492 |
17.383 |
15.408 |
|
|
|
|
|
|
|
Less |
TAX |
12.500 |
5.002 |
4.986 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
24.992 |
12.381 |
10.422 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
520.15 |
257.69 |
216.92 |
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 |
112.162 |
(37.472) |
62.786 |
|
Net cash flows from (used in) operating activities |
99.662 |
(43.460) |
57.801 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
135.35 |
147.76 |
150.38 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.70 |
2.47 |
2.43 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
60.65 |
64.50 |
68.23 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.33 |
0.23 |
0.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.13 |
0.91 |
0.66 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.42 |
0.45 |
0.38 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.43 |
0.47 |
0.33 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.74 |
0.82 |
0.62 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.13 |
0.13 |
0.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.10 |
2.02 |
2.01 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
1.99 |
1.14 |
1.10 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.92 |
1.46 |
1.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.09 |
2.66 |
2.23 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.19 |
2.06 |
2.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.60 |
1.43 |
1.59 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.57 |
0.55 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.34 |
4.52 |
3.19 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.19 |
2.06 |
2.34 |
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 |
48.048 |
48.048 |
48.048 |
|
Reserves & Surplus |
418.691 |
417.565 |
442.557 |
|
Net
worth |
466.739 |
465.613 |
490.605 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
153.427 |
217.025 |
208.570 |
|
Total
borrowings |
153.427 |
217.025 |
208.570 |
|
Debt/Equity
ratio |
0.329 |
0.466 |
0.425 |
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 |
946.626 |
1089.832 |
1258.290 |
|
|
|
15.128 |
15.457 |
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 |
946.626 |
1089.832 |
1258.290 |
|
Profit/ (Loss) |
10.422 |
12.381 |
24.992 |
|
|
1.10
% |
1.14
% |
1.99
% |
LEGAL CASES
HIGH COURT
|
THE COMMISSIONER OF INCOM E TAX 8 MUMBAI VS BRITACEL SILICONES LT D |
|
high court-Mumbai |
|
Case no:78. NMA/2647/2009 |
|
Case status:Pending |
|
Judge:OFFICIAL ASSIGNEE |
|
Date:2010-11-10T00:00:00Z |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Brief description of the company's working during the year/state of company's affair:
During the year the company has achieved the Turnover of INR 1258.290 million the Directors are very much hopeful for increased growth in the year ahead.
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
Y10289782 |
90187883 |
DEVELOPMENT CREDIT BANK LTD. |
30/03/2001 |
30/03/2001 |
- |
3000000.0 |
LOKHANDWALA BRANCHMUMBAIMH400058IN |
|
2 |
Y10288558 |
90186659 |
DEVELOPMENT CREDIT BANK LTD. |
23/03/1999 |
- |
- |
28500000.0 |
LOKHANDWALA BRANCHMUMBAIMH400058IN |
|
3 |
Y10288473 |
90186574 |
DEVELOPMENT CREDIT BANK LTD. |
24/04/1998 |
30/03/2001 |
- |
5000000.0 |
LOKHANDWALA BRANCHMUMBAIMH400058IN |
|
4 |
Y10290856 |
90188957 |
DEVELOPMENT CREDIT BANK LTD. |
16/03/1998 |
30/03/2001 |
- |
4300000.0 |
LOKHANDWALA BRANCHMUMBAIMH400058IN |
|
5 |
Y10288290 |
90186391 |
DEVELOPMENT CREDIT BANK LTD. |
03/10/1996 |
- |
- |
3200000.0 |
LOKHANDWALA BRANCHMUMBAIMH400058IN |
|
6 |
Y10287761 |
90185862 |
DEVELOPMENT CREDIT BANK LTD. |
12/08/1992 |
12/08/1992 |
- |
800000.0 |
VERSOVA BRANCHPOUSI RAMNATH NIWAS; VERSOVA VILLAGE; MAIN ROADMUMBAIMH400061IN |
|
7 |
Y10290357 |
90188458 |
DEVELOPMENT CREDIT BANK LTD. |
11/08/1992 |
30/03/2001 |
- |
400000.0 |
LOKHANDWALA BRANCHMUMBAIMH400058IN |
|
8 |
Y10287741 |
90185842 |
DEVELOPMENT CREDIT BANK LTD. |
16/07/1992 |
30/03/2001 |
- |
600000.0 |
LOKHANDWALA BRANCHMUMBAIMH400058IN |
|
9 |
G81249211 |
90227981 |
THE SARASWAT CO-OP. BANK LTD. |
25/05/1987 |
- |
20/03/2018 |
300000.0 |
TAJ BUILDINGAMRIT KESHAV NAYAK MARGBOMBAYMH400001IN |
|
10 |
G78621497 |
90187013 |
STATE BANK OF INDIA |
24/07/2003 |
07/08/2012 |
26/02/2018 |
187500000.0 |
BACKBAY RECLAMATION BRANCH,RAHEJA CHAMBERSFREE PRESS JOURNAL ROAD, NARIMAN POINTMUMBAIMH400021IN |
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 66.77 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.