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|
MIRA INFORM REPORT
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Report No. : |
507386 |
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Report Date : |
05.05.2018 |
IDENTIFICATION DETAILS
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Name : |
STERLING AUXILIARIES PRIVATE LIMITED |
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Registered
Office : |
Block No. 210, Marol Bhavan, Marol Co-Operative Industrial
Estate Limited, M. V. Road, Andheri East, Mumbai – 400059, Maharashtra |
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Tel. No.: |
91-22-40320000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
25.07.1985 |
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Com. Reg. No.: |
11-036959 |
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Capital
Investment / Paid-up Capital : |
INR 9.817 Million |
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CIN No.: [Company Identification
No.] |
U74999MH1985PTC036959 |
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IEC No.: [Import-Export
Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACS5916Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is
engaged in the manufacturing of chemicals and is supplier of APEO free
Surfactants, Ethylene and Propylene Oxide Condensates, EO-PO Block
Co-Polymers, Alkanol Amines and derivatives, P.E.G’s, Glycol Ethers,
Phosphated Esters, Antioxidants, Speciality Chemicals, etc. [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)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 4500000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1985. It is engaged in manufacturing of chemicals and is supplier of APEO free Surfactants, Ethylene and Propylene Oxide Condensates, EO-PO Block Co-Polymers, Alkanol Amines and derivatives, P.E.G’s, Glycol Ethers, Phosphated Esters, Antioxidants, Speciality Chemicals, etc. Management has failed to file its financials after the financial year 2015 with Registrar of Companies and same is not available from any other sources. As per the financial record of 2015, the company has achieved 32.80% growth in its revenue as compared to the previous year and has reported average profit margin of 1.97%. The company possesses healthy financial position marked by adequate net worth base along with average debt level and satisfactory liquidity position. The company has reported good earnings per share of INR 728 against its face value of INR 100. However, rating is constrained on account of absence of latest financial. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution. |
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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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 DENIED
MANAGEMENT NON-COOPERATIVE (91-22-40320000)
LOCATIONS
|
Registered Office : |
Block No. 210, Marol Bhavan, Marol Co-Operative Industrial
Estate Limited, M. V. Road, Andheri East, Mumbai – 400059, Maharashtra, India
|
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Tel. No.: |
91-22-40320000/40320200/40320201/40320202 |
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Fax No.: |
91-22-28597892 |
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E-Mail : |
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Website : |
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Branch Office : |
Plot No. 30/31, Marol Co-Operative Industrial Estate, Off. M. V. Road, Marol, Andheri (East), Mumbai - 400059, Maharashtra, India |
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Factory 1 : |
L-3, Navapur Road, M.I.D.C., Tarapur, Palghar – 401506, Maharashtra, India |
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Factory 2 : |
Plot No. 12/A-2, G.I.D.C., At Dahej, Taluka Vagre, Bharuch – 392130, Gujarat, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Niren Prabhulal Jhaveri |
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Designation : |
Director |
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Address : |
C-401, Pawapuri C.H.S. Chakravarti Ashok Road, Kandivali (East), Mumbai -400101, Maharashtra, India |
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Date of Appointment : |
28.12.2015 |
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DIN No.: |
00185518 |
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Other directorship:
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Name : |
Mr. Prakash Pandurang Joshi |
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Designation : |
Director |
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Address : |
B-1/302, Rutu Park, Thane (West), Thane – 400601, Maharashtra, India |
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Date of Appointment : |
30.09.2013 |
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DIN No.: |
01684072 |
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Other directorship:
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Name : |
Mr. Chokhani Sandeep |
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Designation : |
Additional Director |
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Address : |
24, Chandanbala, M.G. Road, Vile Parle (East) Mumbai
400057, Maharashtra, India |
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Date of Appointment : |
15.06.2017 |
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DIN No.: |
0002346782 |
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Other directorship:
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MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
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Rajendrakumar Beniprasad Goenka (HUF) |
|
6197 |
|
Artek Surfin Chemicals Limited, India |
|
15667 |
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Anjanadevi Sushilkumar Goenka |
|
8913 |
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Sunilkumar Beniprasad Goenka |
|
657 |
|
Payal Amit Goenka |
|
6167 |
|
Anish Rajendrakumar Goenka |
|
9167 |
|
Amit Rajendrakumar Goenka |
|
9267 |
|
Asha Rajendrakumar Goenka |
|
6167 |
|
Rajendrakumar Beniprasad Goenka |
|
1000 |
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Smriti Anuj Goenka |
|
6161 |
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Saijal Vishal Goenka |
|
6496 |
|
Anuj Sushilkumar Goenka |
|
8937 |
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Sushila Sushilkumar Goenka |
|
6167 |
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Nishita Anish Goenka |
|
7203 |
|
Ajit Kantilal Parekh |
|
1 |
|
Total |
|
98167 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.11.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
29.57 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
54.47 |
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Public/Other than promoters - Body corporate |
15.96 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in the manufacturing of chemicals and is supplier of APEO free
Surfactants, Ethylene and Propylene Oxide Condensates, EO-PO Block
Co-Polymers, Alkanol Amines and derivatives, P.E.G’s, Glycol Ethers,
Phosphated Esters, Antioxidants, Speciality Chemicals, etc. [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
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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)
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Auditors : |
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Name : |
S R B C and Company LLP Chartered Accountants |
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Address : |
14th Floor, The Ruby, 29 , Senapati Bapat Marg, Dadar, (West) Mumbai – 400028, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9117R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate (as on
31.03.2015): |
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Joint venture (as
on 31.03.2015): |
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Fellow Subsidiary
company (as on 31.03.2015): |
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Other (as on
31.03.2015): |
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CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98167 |
Equity Shares |
INR 100/- each |
INR 9.817 Million |
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|
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
9.817 |
9.817 |
9.817 |
|
(b) Reserves & Surplus |
514.219 |
443.931 |
403.551 |
|
(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) |
524.036 |
453.748 |
413.368 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
227.403 |
248.823 |
210.196 |
|
(b) Deferred tax liabilities
(Net) |
43.794 |
47.459 |
40.036 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.109 |
0.426 |
0.986 |
|
Total
Non-current Liabilities (3) |
271.306 |
296.708 |
251.218 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1000.717 |
704.388 |
592.511 |
|
(b) Trade payables |
178.422 |
268.612 |
167.242 |
|
(c) Other current liabilities |
79.296 |
81.640 |
44.798 |
|
(d) Short-term provisions |
5.374 |
7.692 |
5.722 |
|
Total
Current Liabilities (4) |
1263.809 |
1062.332 |
810.273 |
|
|
|
|
|
|
TOTAL |
2059.151 |
1812.788 |
1474.859 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
480.048 |
428.601 |
399.990 |
|
(ii) Intangible Assets |
0.000 |
0.562 |
1.048 |
|
(iii) Capital work-in-progress |
125.241 |
73.443 |
39.537 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
44.514 |
47.685 |
47.638 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
118.131 |
116.003 |
148.229 |
|
(e) Other Non-current assets |
12.988 |
43.321 |
5.028 |
|
Total
Non-Current Assets |
780.922 |
709.615 |
641.470 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
510.961 |
538.503 |
316.952 |
|
(c) Trade receivables |
583.277 |
339.168 |
430.885 |
|
(d) Cash and cash equivalents |
51.688 |
52.253 |
13.199 |
|
(e) Short-term loans and
advances |
128.003 |
171.953 |
72.340 |
|
(f) Other current assets |
4.300 |
1.296 |
0.013 |
|
Total
Current Assets |
1278.229 |
1103.173 |
833.389 |
|
|
|
|
|
|
TOTAL |
2059.151 |
1812.788 |
1474.859 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3621.460 |
2727.013 |
|
|
|
Other Income |
97.661 |
33.102 |
|
|
|
TOTAL
|
3719.121 |
2760.115 |
2705.990 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2827.930 |
2247.518 |
|
|
|
Purchases of Stock-in-Trade |
64.141 |
54.052 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(18.119) |
(127.994) |
|
|
|
Employees benefits expense |
121.162 |
103.708 |
|
|
|
Other expenses |
477.947 |
310.024 |
|
|
|
TOTAL |
3473.061 |
2587.308 |
2630.551 (Including
financial and depreciation expenses) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
246.060 |
172.807 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
99.077 |
87.398 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
146.983 |
85.409 |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
27.179 |
20.457 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
119.804 |
64.952 |
75.439 |
|
|
|
|
|
|
|
Less |
TAX |
48.335 |
23.423 |
27.207 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
71.469 |
41.529 |
48.232 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
-- |
-- |
317.806 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Proposed Dividend |
1.182 |
1.148 |
0.982 |
|
|
Additional on Tax Dividend |
-- |
-- |
0.167 |
|
|
Balance
Carried to the B/S |
70.287 |
40.381 |
364.889 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
728.00 |
423.00 |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
1.744 |
1.462 |
0.957 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(32.696) |
87.632 |
190.123 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(94.184) |
74.542 |
160.893 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
58.79 |
45.40 |
58.12 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.21 |
8.04 |
6.28 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
22.52 |
42.60 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.48 |
0.32 |
0.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.41 |
0.34 |
0.17 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.73 |
0.72 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.35 |
2.10 |
1.94 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.41 |
2.34 |
1.96 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.16 |
1.11 |
1.07 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.48 |
1.98 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.97 |
1.52 |
1.78 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.47 |
2.29 |
3.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.64 |
9.15 |
11.67 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.01 |
1.04 |
1.03 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.61 |
0.53 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.25 |
0.25 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
125.28 |
97.25 |
81.86 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.01 |
1.04 |
1.03 |
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 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
9.817 |
9.817 |
9.817 |
|
Reserves & Surplus |
403.551 |
443.931 |
514.219 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
413.368 |
453.748 |
524.036 |
|
|
|
|
|
|
Long Term borrowings |
210.196 |
248.823 |
227.403 |
|
Short Term borrowings |
592.511 |
704.388 |
1000.717 |
|
Current Maturities of Long term debt |
0.957 |
1.462 |
1.744 |
|
Total
borrowings |
803.664 |
954.673 |
1229.864 |
|
Debt/Equity
ratio |
1.944 |
2.104 |
2.347 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
2705.990 |
2760.115 |
3719.121 |
|
|
|
2.000 |
34.745 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total
Income |
2705.990 |
2727.013 |
3621.460 |
|
Profit |
48.232 |
41.529 |
71.469 |
|
|
1.78% |
1.52% |
1.97% |
LEGAL CASE
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 |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
CORPORATE
INFORMATION
Sterling Auxiliaries Private Limited (the Company) is a private limited company domiciled in India. The Company is engaged in the manufacturing of chemicals and is supplier of APEO free Surfactants, Ethylene and Propylene Oxide Condensates, EO-PO Block Co-Polymers, Alkanol Amines and derivatives, P.E.G’s, Glycol Ethers, Phosphated Esters, Antioxidants, Speciality Chemicals, etc. The Company caters to both domestic and international markets.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2015 |
As
on 31.03.2014 |
|
LONG TERM
BORROWING |
|
|
|
Deferred sales tax loan |
227.403 |
248.823 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from others |
30.358 |
0.000 |
|
Total |
257.761 |
248.823 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G32695587 |
10547910 |
HDFC BANK LIMITED |
15/01/2015 |
18/10/2016 |
- |
350000000.0 |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG,LOWER PAREL WESTMUMBAIMH400013IN |
|
2 |
C38947958 |
10497211 |
RBL BANK LIMITED |
24/05/2014 |
08/12/2014 |
- |
300000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMH416001IN |
|
3 |
C57861163 |
10197221 |
YES BANK LIMITED |
12/01/2010 |
08/06/2015 |
- |
310000000.0 |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
4 |
A36094092 |
10098700 |
CITIBANK N. A. |
07/02/2008 |
- |
- |
55000000.0 |
CITIBUSINESS, CITIBANK
CENTRE2ND FLOOR, BANDRA KURLA COMPLEX, BANDRA EASTMUMBAIMH400051IN |
|
5 |
Y10288745 |
90186846 |
CITI BANK NA |
16/04/2001 |
25/11/2003 |
- |
7500000.0 |
BANDRA KURALA
COMPLEXG- BLOCK BANDRAMUMBAIMH400051IN |
|
6 |
Y10345753 |
90238116 |
CITI BANK N A |
16/04/2001 |
23/11/2004 |
- |
10000000.0 |
CITI GROUP COMPLEX
BANDRA KURLA COMPLEXG BLOCK BANDRA EASTMUMBAIMH400051IN |
|
7 |
A75829317 |
90188961 |
CITIBANK N. A. |
16/04/2001 |
08/12/2009 |
- |
238500000.0 |
TRENT HOUSE, 2ND FLOOR,
G BLOCK, PLOT NO.C60BANDRA KURLA COMPLEX, BANDRA (E)MUMBAIMH400051IN |
|
8 |
C79888608 |
10444500 |
DBS BANK LTD. |
18/07/2013 |
- |
15/02/2016 |
150000000.0 |
DLF CAPITOL POINT,
GR FLOOR & 1ST FLOORBABA KHARAK SINGH MARG, CONNAUGHT PLACENEW DELHIDL110001IN |
|
9 |
C68027937 |
10115272 |
THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED |
22/07/2008 |
06/01/2012 |
15/10/2015 |
275000000.0 |
52/60, MAHATMA
GANDHI ROADFORTMUMBAIMH400001IN |
|
10 |
C58291667 |
90185676 |
THE WARASWAT CO0OP
BANK LTD. |
22/01/1991 |
- |
01/07/2015 |
1155000.0 |
CENTRAL
ADMINSTRATIVE OFFICE; APSARA CINEMA BUILDIDR. D.B. MARG.
GRANTROADBOMBAYMH400007IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Furniture and fixtures
- Plant and equipment
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Computer software
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
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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.