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|
%20PRIVATE%20LIMITED%20-%20507607%2005-May-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20507607%2005-May-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20507607%2005-May-2018_files/image006.gif)
MIRA INFORM REPORT
|
Report No. : |
507607 |
|
Report Date : |
05.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ABHAY ISPAT (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
308, Platinum, Jawahar Road, Ghatkopar (East), Mumbai-400077,
Maharashtra |
|
Tel. No.: |
91-22-42918888 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
15.04.2002 |
|
|
|
|
Com. Reg. No.: |
11-135533 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 15.780 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104MH2002PTC135533 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
0305030213 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AADCA6167C1ZV |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCA6167C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2002. It is a trader in iron and steel and allied product. For the FY 2017, the company has achieved 43.01% growth in its revenue as compared to the previous year along with an average profit margin of 2.35%. The sound financial risk profile of the company is marked by adequate net worth base along with average debt balance sheet profile and fair cash balance. Rating takes into account the subject’s long established track record of business operations along with extensive experience of its promoters. These rating strengths are partially offset by working capital-intensive operations, susceptibility of profitability to any changes in government regulations, and exposure to risks related to intense industry competition. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term borrowing: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
23.03.2017 |
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 05.05.2018
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 INFORMATION)
|
Name : |
Mr. Nishant Sharma |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-8082208520 |
|
Date: |
05.05.2018 |
LOCATIONS
|
Registered Office / Head Office : |
308, Platinum, Jawahar Road, Ghatkopar (East), Mumbai-400077,
Maharashtra, India |
|
Tel. No.: |
91-22-42918888/ 42918850 |
|
Mobile No.: |
91-8082208520 (Mr. Nishant Sharma) |
|
Fax No.: |
91-22-42918850 |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
2500 Sq. ft. |
|
Location: |
Rented |
|
Locality: |
Commercial |
|
|
|
|
Warehouse: |
L-106, Taloja, Raigad-410208, Maharashtra, India |
|
|
|
|
Regional Offices : |
Located At :
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vinesh Mehta |
||||||||||||
|
Designation : |
Whole-time director |
||||||||||||
|
Address : |
Flat No. 1301, G Wing, Kukreja Palace, Vallabhai Lane, Ghatkopar, Mumbai-400077, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
01.04.1960 |
||||||||||||
|
Date of Appointment : |
01.04.2015 |
||||||||||||
|
DIN No.: |
00376381 |
||||||||||||
|
PAN No.: |
AAHPM3722C |
||||||||||||
|
Other
Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Navin Mehta |
||||||||||||
|
Designation : |
Whole-time director |
||||||||||||
|
Address : |
402, Kailash Residency, Plot No.53/54, 7th Road, Rajawadi, Ghatkopar (East), Mumbai-400077, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
28.05.1953 |
||||||||||||
|
Date of Appointment : |
01.04.2015 |
||||||||||||
|
DIN No.: |
00422021 |
||||||||||||
|
PAN No.: |
AACPM6676N |
||||||||||||
|
Other Directorship:
|
|||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Nishant Sharma |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Navin Tulsidas Mehta |
|
332000 |
|
Vinesh Tulsidas Mehta |
|
356200 |
|
Samir Navin Mehta |
|
226500 |
|
Anal Rajiv Mehta |
|
167000 |
|
Tanvi Samir Mehta |
|
160000 |
|
Vinesh Tulsidas Mehta HUF |
|
148000 |
|
Bhavana Chandresh Mehta |
|
1 |
|
Virendra Nandal Mehta |
|
55000 |
|
Rajiv Vinesh Mehta |
|
101300 |
|
Dhwani Abhay Mehta |
|
32000 |
|
Total |
|
1578001 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
43.61 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
56.39 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20507607%2005-May-2018_files/image008.gif)
BUSINESS DETAILS
|
Line of Business
: |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
|||||||
|
Products : |
Finished Goods |
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|
Countries : |
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Imports : |
|||||||
|
Products : |
Raw Material |
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|
Countries : |
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|
Terms : |
|||||||
|
Selling : |
L/C and Credit |
||||||
|
|
|
||||||
|
Purchasing : |
L/C and Credit |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
|
|
||||||||||||||||||||||||||||||||||
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Customers : |
Retailers and End Users
|
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No. of Employees : |
70 (Approximately) |
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Bankers : |
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|
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|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Shah and Taparia Chartered Accountants |
|
Address : |
12 Navjeevan, Modi Dhobi Talao Next to Silk House Mumbai-400002, Maharashtra, India |
|
Tel. No.: |
91-22-40220301 / 06 |
|
Fax No.: |
91-22-40220314 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAOFS0663D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company: |
|
|
|
|
|
Other related
party: |
|
CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2050000 |
Equity Shares |
INR 10/- each |
INR 20.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1578001 |
Equity Shares |
INR 10/- each |
INR 15.780
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
15.780 |
15.780 |
15.780 |
|
(b) Reserves and Surplus |
1066.318 |
688.412 |
458.890 |
|
(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) |
1082.098 |
704.192 |
474.670 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
2041.004 |
1905.222 |
1143.548 |
|
(b) Trade
payables |
282.314 |
196.804 |
411.925 |
|
(c) Other
current liabilities |
47.512 |
85.243 |
80.818 |
|
(d) Short-term
provisions |
32.396 |
80.042 |
15.986 |
|
Total Current
Liabilities (4) |
2403.226 |
2267.311 |
1652.277 |
|
|
|
|
|
|
TOTAL |
3485.324 |
2971.503 |
2126.947 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6.921 |
6.420 |
5.021 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
165.634 |
30.026 |
0.126 |
|
(c) Deferred tax assets (net) |
1.433 |
1.321 |
1.153 |
|
(d)
Long-term loans and advances |
89.168 |
3.187 |
2.757 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
263.156 |
40.954 |
9.057 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1553.743 |
1665.856 |
771.747 |
|
(c) Trade
receivables |
1077.580 |
691.344 |
1042.418 |
|
(d) Cash and
bank balances |
345.992 |
193.323 |
169.058 |
|
(e)
Short-term loans and advances |
234.734 |
277.679 |
65.241 |
|
(f) Other
current assets |
10.119 |
102.347 |
69.426 |
|
Total
Current Assets |
3222.168 |
2930.549 |
2117.890 |
|
|
|
|
|
|
TOTAL |
3485.324 |
2971.503 |
2126.947 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
16068.323 |
11236.012 |
8848.689 |
|
|
Other Income |
0.000 |
0.000 |
10.235 |
|
|
TOTAL |
16068.323 |
11236.012 |
8858.924 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
15119.892 |
10470.593 |
8500.948 |
|
|
Employee benefit expense |
115.341 |
172.773 |
46.343 |
|
|
Other expenses |
54.086 |
47.670 |
35.277 |
|
|
TOTAL |
15289.319 |
10691.036 |
8582.568 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
779.004 |
544.976 |
276.356 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
194.170 |
183.018 |
116.975 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
584.834 |
361.958 |
159.381 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.667 |
2.427 |
2.963 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
582.167 |
359.531 |
156.418 |
|
|
|
|
|
|
|
Less |
TAX |
204.261 |
130.009 |
53.860 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
377.906 |
229.522 |
102.558 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
239.48 |
145.45 |
64.99 |
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 |
428.941 |
(517.229) |
(471.840) |
|
Net cash flows from (used in) operating activities |
183.533 |
(596.652) |
(549.585) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
24.48 |
22.46 |
43.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
14.91 |
16.25 |
8.49 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
6.82 |
6.86 |
17.69 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.50 |
0.33 |
0.36 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
112.56 |
84.89 |
55.04 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.69 |
0.76 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.89 |
2.71 |
2.41 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.22 |
3.22 |
3.48 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.01 |
2.98 |
2.36 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.35 |
2.04 |
1.16 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
10.84 |
7.72 |
4.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
34.92 |
32.59 |
21.61 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.34 |
1.29 |
1.28 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.69 |
0.56 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.31 |
0.24 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
129.34 |
120.74 |
72.47 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.34 |
1.29 |
1.28 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
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 |
15.780 |
15.780 |
15.780 |
|
Reserves & Surplus |
458.890 |
688.412 |
1066.318 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
474.670 |
704.192 |
1082.098 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1143.548 |
1905.222 |
2041.004 |
|
Total
borrowings |
1143.548 |
1905.222 |
2041.004 |
|
Debt/Equity
ratio |
2.409 |
2.706 |
1.886 |
%20PRIVATE%20LIMITED%20-%20507607%2005-May-2018_files/image010.gif)
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 |
8848.689 |
11236.012 |
16068.323 |
|
|
|
26.979 |
43.007 |
%20PRIVATE%20LIMITED%20-%20507607%2005-May-2018_files/image012.gif)
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 |
8848.689 |
11236.012 |
16068.323 |
|
Profit/ (Loss) |
102.558 |
229.522 |
377.906 |
|
|
1.16
% |
2.04
% |
2.35
% |
%20PRIVATE%20LIMITED%20-%20507607%2005-May-2018_files/image014.gif)
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
15.780 |
15.780 |
|
(b) Reserves and Surplus |
|
1122.093 |
698.318 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
67.346 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1137.873 |
714.098 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
109.358 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
109.358 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
2338.203 |
2072.432 |
|
(b) Trade
payables |
|
420.600 |
224.113 |
|
(c) Other
current liabilities |
|
69.992 |
90.800 |
|
(d) Short-term
provisions |
|
34.722 |
83.579 |
|
Total Current
Liabilities (4) |
|
2863.517 |
2470.924 |
|
|
|
|
|
|
TOTAL |
|
4178.094 |
3185.022 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
7.162 |
6.468 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
416.458 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.026 |
0.026 |
|
(c) Deferred tax assets (net) |
|
1.511 |
1.430 |
|
(d)
Long-term loans and advances |
|
7.911 |
3.228 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
433.068 |
11.152 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1862.500 |
1870.051 |
|
(c) Trade
receivables |
|
1223.663 |
738.476 |
|
(d) Cash and
bank balances |
|
398.707 |
193.584 |
|
(e)
Short-term loans and advances |
|
248.557 |
269.037 |
|
(f) Other
current assets |
|
11.599 |
102.722 |
|
Total
Current Assets |
|
3745.026 |
3173.870 |
|
|
|
|
|
|
TOTAL |
|
4178.094 |
3185.022 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
17497.856 |
11859.399 |
|
|
Other Income |
|
77.784 |
68.310 |
|
|
TOTAL |
|
17575.640 |
11927.709 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
16530.614 |
11130.308 |
|
|
Employee benefit expense |
|
119.244 |
175.094 |
|
|
Other expenses |
|
57.101 |
49.661 |
|
|
TOTAL |
|
16706.959 |
11355.063 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
868.681 |
572.646 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
214.987 |
195.529 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
653.694 |
377.117 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
2.753 |
2.431 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
650.941 |
374.686 |
|
|
|
|
|
|
|
Less |
TAX |
|
227.696 |
135.258 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
423.245 |
239.428 |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) OF MINORITY INTEREST |
|
(0.196) |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
423.049 |
239.428 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
268.22 |
151.73 |
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 |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from A-119 Satyam Shopping Complex, M G Road, Ghatkopar East, Mumbai –
400077, Maharashtra, India to the present
address w.e.f. 01.04.2010
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Loans repayable on demand from others |
90.450 |
107.072 |
|
Total |
90.450 |
107.072 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G37000676 |
100079898 |
YES BANK LIMITED |
20/01/2017 |
- |
- |
200000000.0 |
NEHRU CENTER, 9TH
FLOOR, DISCOVERY OF INDIADR. A.B. ROAD, WORLI MUMBAI-400018 MAHARASHTRA INDIA
|
|
2 |
G36383552 |
10627402 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
20/02/2016 |
20/01/2017 |
- |
400000000.0 |
ONE FORBES,DR. V.
B. GANDHI MARG, FORT MUMBAI-400001 MAHARASHTRA INDIA |
|
3 |
C34101188 |
10532028 |
THE SARASWAT
CO-OPERATIVE BANK LTD. |
10/11/2014 |
- |
- |
50000000.0 |
SME-VIKHROLI
BRANCH, PRABHAT BHAVAN, BLOCK 'B',1ST FLOOR, 96, L.B.S.MARG, OPP.CIPLA,
VIKHROLI (WEST), MUMBAI-400083N MAHARASHTRA INDIA |
|
4 |
C06237804 |
10502268 |
STATE BANK OF
INDIA |
16/05/2014 |
- |
- |
500000000.0 |
SPI. SIB BRANCH,
GHATKPOAR WEST, HOTEL ROA BLDG.,LBS MARG, GHATKOPAR (WEST),MUMBAI-400086
MAHARASHTRA INDIA |
|
5 |
C73292344 |
10399704 |
ICICI BANK LIMITED |
24/12/2012 |
30/11/2015 |
- |
325000000.0 |
LANDMARKRACE
COURCE VADODARA -390015 INDIA |
|
6 |
C75846147 |
10171885 |
THE SARASWAT
CO-OPERATIVE BANK LTD. |
29/06/2009 |
19/11/2015 |
- |
890000000.0 |
SMALL AND MEDIUM
ENTERPRISES BRANCH,PRABHAT BHAVAN,BLOCK B, 96 LBS MARG, VIKHROLI
(W),MUMBAI-400083 MAHARASHTRA INDIA |
|
7 |
C52071925 |
10233270 |
STANDARD CHARTERED
BANK |
16/06/2010 |
18/10/2011 |
28/04/2015 |
275000000.0 |
SME CREDIT,
CRESCENZO, 3A/F, PLOT NO. C-38 & 39G BLOCK, BANDRA KURLA COMPLEX, BANDRA
EASTMUMBAI-400051 MAHARASHTRA INDIA |
|
8 |
B17103284 |
90353875 |
UNION BANK OF
INDIA |
18/07/2005 |
07/04/2010 |
21/07/2011 |
200000000.0 |
SILVER COURT, M G
ROAD,GHATKOPAR (EAST) MUMBAI 400077 MAHARASHTRA INDIA |
|
9 |
A90667056 |
10091456 |
THE KAPOL
COOPRATIVE BANK LIMITED |
02/11/2007 |
- |
29/07/2010 |
10000000.0 |
LOKHAND JATHA
BRANCH, STEEL CENTER, GR. FLOOR,MASJID BUNDER EAST, IORN MARKET,MUMBAI-400009
INIDA |
|
10 |
A90666389 |
10050974 |
THE KAPOL
CO-OPERATIVE BANK LIMITED |
23/03/2007 |
02/03/2010 |
08/07/2010 |
60000000.0 |
LOKHAND JATHA
BRANCH, STEEL CENTRE, GROUND FLOOR,MASJID BUNDER EAST, IRON MARKET
MUMBAI-400009 INIDA |
FIXED ASSETS:
- Furniture and fixtures
- Office equipment
- Computer equipments
- 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 66.70 |
|
|
1 |
INR 93.14 |
|
Euro |
1 |
INR 81.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
RKI |
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 |
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.