|
|
|
MIRA INFORM REPORT
|
Report No. : |
507363 |
|
Report Date : |
05.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
VENUS ETHOXYETHERS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Plot No. 109, 110 & 111, At Bicholim Industrial Estate, Bicholim,
Goa - 403529 |
|
Tel. No.: |
91-832-6613333 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
10.12.1990 |
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|
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|
Com. Reg. No.: |
24-001099 |
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|
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Capital
Investment / Paid-up Capital : |
INR 14.790 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24119GA1990PTC001099 |
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|
|
|
IEC No.: |
1792000260 |
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GSTIN : |
30AAACV9656Q1ZP |
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TIN No : |
30690301480 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACV9656Q |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the business as importers, exporters, job
workers, manufacturer of and dealer in surfactants, chemicals, acids,
alkalies and other kinds of chemicals during the year. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined 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 |
|
Maximum Credit Limit : |
USD 264000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a part of “Venus Group”. The company was incorporated in
the 1990. It is a manufacturer of Chemicals and Chemical Products. For the financial year 2017, the revenue of the company has decreased
by 22.13 % but has managed to maintain average profit margin of 2.46%. The satisfactory financial profile of the company is marked by
acceptable net worth base along with comfortable debt coverage indicators. Rating takes into account the strong financial and managerial support
that company receives from Venus Group backed by its well experienced
management team. Rating also derives strength from long established track record of
business operation of the company. Business is active. Payment seems to be slow but correct. In view of aforesaid, the
concern 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 |
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 DENIED BY
|
Name : |
Not Divulged |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-832-6613333 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No.109, 110 and 111, At Bicholim Industrial Estate,
Bicholim, Goa – 403529, India |
|
Tel. No.: |
91-832-6613333/ 2362937/ 2363079/ 2362257/ 2362898/ 2362904/ 2362337 |
|
Mobile No.: |
91-9822125358 (Mr. Uttam Parab) |
|
Fax No.: |
91-832-2362257 |
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E-Mail : |
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|
Website : |
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|
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|
Mumbai Office : |
106 Prospect Chambers, 317/321, Dr. D. N. Road, Fort, Mumbai - 400 001, Maharashtra, India |
|
Tel. No.: |
91-22-22873563/46 |
|
Fax No.: |
91-22-22840569 |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Zubin Keki Gandhi |
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|
Designation : |
Managing Director |
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|
Address : |
H No: D-28, The Hermitage HSG Board, Colony Ganeshpuri Mapusa Bardez, Goa – 403507, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
30.11.1968 |
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Date of Appointment : |
10.12.1990 |
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DIN No : |
00664632 |
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Other
Directorship :
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Name : |
Mr. Amol Ashok Walke |
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Designation : |
Director |
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|
Address : |
Sushila D-29, Housing Board Colony, Mapusa, Bardez, Goa – 403507, India |
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Date of Birth/Age : |
31.10.1983 |
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Qualification : |
PHD in Chemical |
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Date of Appointment : |
21.01.2002 |
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DIN No.: |
00664315 |
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Other
Directorship :
|
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Name : |
Mr. Peter Paul Radford |
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Designation : |
Director |
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|
Address : |
7221, Cottonwood, Shawnee Kansas 66216 US |
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|
Date of Appointment : |
06.01.2016 |
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DIN No.: |
07374914 |
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Other
Directorship :
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Name : |
Mr. Kevin Gerard Mirner |
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Designation : |
Director |
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Address : |
343, 4th Ave S Naples Florida 34102 US |
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Date of Appointment : |
06.01.2016 |
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DIN No.: |
07374944 |
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Other
Directorship :
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Name : |
Upali Weerasooriya |
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Designation : |
Additional Director |
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Address : |
11103, Andenwood Drive Austin 78726 US |
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Date of Birth/Age : |
70 years |
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Qualification : |
BSC(Hons)(Sri Lanka)/ MS/ PHD |
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Date of Appointment : |
01.12.2016 |
||||||||||||||||||||||||
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DIN No.: |
07657375 |
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Other
Directorship :
|
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MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Zubin Gandhi |
28841 |
19.50 |
|
Amol Walke |
2884 |
1.95 |
|
Anjali Walke |
25956 |
17.55 |
|
Harcros (India) LLC |
90219 |
61.00 |
|
Total |
147900 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 09.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
49.00 |
|
Promoters (Body corporate) |
51.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business as importers, exporters, job
workers, manufacturer of and dealer in surfactants, chemicals, acids, alkalies
and other kinds of chemicals during the year. (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 : |
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Auditors : |
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Name : |
B Y and Associates Chartered Accountants |
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|
Address : |
510-513, Apeejay House, 130, Mumbai Samachar Marg, Fort, Mumbai –
400023, Maharashtra, India |
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Tel. No.: |
91-22-43215014 |
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Fax No.: |
||
|
E-Mail : |
||
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Income-tax
PAN of auditor or auditor's firm : |
AAFFB0462N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : (w.e.f. 06th January, 2016) |
Harcros (India) LLC, United State of America |
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|
Ultimate Holding Company: (w.e.f. 06th January, 2016) |
Harcros Chemical Inc |
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Company under same Management : |
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Associate Concern : |
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Directors are substantially interested : |
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CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
INR 100/- each |
INR 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
147900 |
Equity Shares |
INR 100/- each |
INR 14.790
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
14.790 |
14.790 |
14.790 |
|
(b) Reserves & Surplus |
77.923 |
64.658 |
61.948 |
|
(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 |
92.713 |
79.448 |
76.738 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
25.000 |
0.405 |
0.973 |
|
(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 |
5.423 |
9.949 |
0.000 |
|
Total Non-current
Liabilities |
30.423 |
10.354 |
0.973 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
108.041 |
85.405 |
51.668 |
|
(b) Trade
payables |
75.028 |
89.791 |
46.203 |
|
(c) Other
current liabilities |
23.455 |
87.196 |
158.704 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities |
206.524 |
262.392 |
256.575 |
|
|
|
|
|
|
TOTAL |
329.660 |
352.194 |
334.286 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
44.351 |
39.229 |
41.874 |
|
(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 |
1.169 |
1.169 |
0.810 |
|
(c) Deferred tax assets (net) |
0.389 |
0.304 |
0.298 |
|
(d) Long-term Loan and Advances |
28.153 |
22.709 |
25.262 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
74.062 |
63.411 |
68.244 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
77.947 |
60.353 |
77.032 |
|
(c) Trade
receivables |
117.391 |
157.665 |
134.338 |
|
(d) Cash
and cash equivalents |
44.392 |
54.185 |
32.679 |
|
(e) Short-term
loans and advances |
15.868 |
16.580 |
21.993 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
255.598 |
288.783 |
266.042 |
|
|
|
|
|
|
TOTAL |
329.660 |
352.194 |
334.286 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
540.270 |
693.836 |
831.059 |
|
|
Other Income |
3.877 |
2.490 |
1.522 |
|
|
TOTAL
|
544.147 |
696.326 |
832.581 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
251.838 |
347.612 |
475.201 |
|
|
Purchases of Stock-in-Trade |
91.711 |
128.875 |
170.425 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(9.049) |
3.398 |
(11.534) |
|
|
Employees benefits expense |
88.186 |
91.541 |
62.474 |
|
|
Other expenses |
63.359 |
60.029 |
65.610 |
|
|
Other Manufacturing Expenses |
24.385 |
29.020 |
38.374 |
|
|
Extraordinary Items |
0.000 |
10.319 |
0.000 |
|
|
TOTAL |
510.430 |
670.794 |
800.550 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
33.717 |
25.532 |
32.031 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.011 |
10.324 |
9.511 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
25.706 |
15.208 |
22.520 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
5.627 |
6.104 |
5.597 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
20.079 |
9.104 |
16.923 |
|
|
|
|
|
|
|
Less |
TAX |
6.815 |
6.394 |
4.092 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
13.264 |
2.710 |
12.831 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
13.264 |
2.710 |
12.831 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
18.173 |
25.909 |
15.272 |
|
|
TOTAL
EARNINGS |
18.173 |
25.909 |
15.272 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
102.820 |
82.437 |
105.302 |
|
|
TOTAL
IMPORTS |
102.820 |
82.437 |
105.302 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
89.69 |
18.00 |
87.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
0.526 |
1.983 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(35.053) |
0.729 |
(27.756) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
79.31 |
82.94 |
59.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.60 |
4.40 |
6.19 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
79.71 |
68.78 |
26.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.43 |
0.42 |
0.42 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.76 |
0.65 |
0.76 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.70 |
0.75 |
0.77 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.43 |
1.08 |
0.69 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.23 |
3.30 |
3.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.48 |
0.49 |
0.55 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.21 |
2.47 |
3.37 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.46 |
0.39 |
1.54 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.02 |
0.77 |
3.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
14.31 |
3.41 |
16.72 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.24 |
1.10 |
1.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.86 |
0.87 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.28 |
0.23 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
9.00 |
5.80 |
3.56 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.24 |
1.10 |
1.04 |
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 |
14.790 |
14.790 |
14.790 |
|
Reserves & Surplus |
61.948 |
64.658 |
77.923 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
76.738 |
79.448 |
92.713 |
|
|
|
|
|
|
long-term borrowings |
0.973 |
0.405 |
25.000 |
|
Short term borrowings |
51.668 |
85.405 |
108.041 |
|
Total
borrowings |
54.624 |
86.336 |
133.041 |
|
Debt/Equity
ratio |
0.712 |
1.087 |
1.435 |
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 |
831.059 |
693.836 |
540.270 |
|
|
|
(16.512) |
(22.133) |
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 |
831.059 |
693.836 |
540.270 |
|
Profit |
12.831 |
2.710 |
13.264 |
|
|
1.54% |
0.39% |
2.46% |
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 |
No |
|
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 |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
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] |
Litigations that the firm/promoter
involved in |
-- |
|
32] |
Market information |
-- |
|
33] |
Payments terms |
No |
|
34] |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION
The company is a private limited company domiciled in India and
incorporated on 10th December 1990, under the provisions of the companies act,
1956 and having registered office at Plot No.109-111, Bicholim Industrial
Estate, Goa-403529, India
The company is engaged in the business as importers, exporters, job
workers, manufacturer of and dealer in surfactants, chemicals, acids, alkalies
and other kinds of chemicals during the year.
FINANCIAL RESULT
The company income from operation INR 544.147 Million in the fiscal year ended 31st March 2017 as compared to INR 694.326 Million in the previous year.
During the fiscal year, the company has earned profit before tax of INR 20.079 Million and profit after tax INR 13.264 Million.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and Advances from Related Parties |
25.000 |
0.405 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from Banks Standard Chartered Bank |
7.663 |
8.981 |
|
Corporation bank |
3.873 |
0.000 |
|
Total |
36.536 |
9.386 |
INDEX
OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C65439242 |
10521317 |
CANARA BANK |
26/03/2014 |
14/09/2015 |
- |
265000000.0 |
SME SAKINAKA BRANCH, NARAYAN BUILDING, II FLOOR,KURLA ANDHERI ROAD, SAKINAKA, ANDHERI, MUMBAI-400072IN |
|
2 |
C17761214 |
10310566 |
BANK OF INDIA |
24/08/2011 |
27/06/2014 |
- |
184300000.0 |
G - 5, GROUND FLOOR, AKRUTI SMC, OFF L B S MARGKHOPAT JUNCTION, OFF LBS MARG,THANE (WEST)THANEMH400601IN |
|
3 |
Z00027574 |
80008698 |
ICICI BANK LTD |
02/08/2006 |
- |
- |
36100000.0 |
MUMBAI- 400051IN |
|
4 |
Z00027942 |
80008797 |
ICICI BANK LIMITED |
13/03/2006 |
20/06/2006 |
- |
36100000.0 |
ICICI BANK TOWER, BANDRA KURLA COMPLEX, MH400051IN |
|
5 |
Y10159833 |
90077313 |
THE MAHARASHTRA STATE FINANCIAL CORPORATION |
22/02/1999 |
19/10/2000 |
- |
49200000.0 |
CHURCHGATE BRANCHMUMBAIMHIN |
|
6 |
C72391097 |
10357477 |
PYRAMID FINANCE PRIVATE LIMITED |
08/05/2012 |
- |
23/11/2015 |
3400000.0 |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMAGOA-403802IN |
|
7 |
A02242766 |
90076756 |
STATE BANK OF INDIA |
22/02/1999 |
18/04/2000 |
10/07/2006 |
49200000.0 |
CHURCHGATE BRANCH, MUMBAIMH400020IN |
|
8 |
A02242014 |
90075789 |
STATE BANK OF INDIA |
05/06/2003 |
- |
10/07/2006 |
102600000.0 |
BACKBAY RECLAMATION BRANCH, NARIMAN POINT, MUMBAI-400021IN |
|
9 |
A02242337 |
90076864 |
STATE BANK OF INDIA |
18/10/2003 |
25/09/2004 |
10/07/2006 |
99500000.0 |
BACKBAY RECLAMATION BRANCH, NARIMAN POINT, MUMBAI-400021IN |
|
10 |
A02242600 |
90076890 |
STATE BANK OF INDIA |
25/09/2004 |
- |
10/07/2006 |
47400000.0 |
BACKBAY RECLAMATION BRANCH, NARIMAN POINT, MUMBAI-400021IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claim against the company not acknowledged
as debt |
1.000 |
1.000 |
|
Outstanding letter of credit |
15.060 |
5.741 |
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Furniture and Fixture
- Motor Vehicle
- Office Equipment
- Computers
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 66.60 |
|
|
1 |
INR 90.60 |
|
Euro |
1 |
INR 79.86 |
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TRUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.