|
|
|
MIRA INFORM REPORT
|
Report No. : |
507551 |
|
Report Date : |
07.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
MEDICO REMEDIES LIMITED (w.e.f. 06.03.2017) |
|
|
|
|
Formerly Known
As : |
MEDICO REMEDIES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
50, Juhu Supreme Shopping Centre, Gulmohar Cross Road No.9, Juhu,
Mumbai – 400049, Maharashtra |
|
Tel. No.: |
91-22-26701055/ 26701066 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
18.03.1994 |
|
|
|
|
Com. Reg. No.: |
11-077187 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 32.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH1994PLC077187 (New) U24230MH1994PTC077187 (Old) |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0396051049 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM8349L |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM22132F |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
· Manufacturer of allopathic pharmaceutical preparations · Manufacturer of Pharmaceutical Formulations (Registered Activity) Line of business is updated as per latest
annual report 2017. |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 468000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1994. It is a manufacturer of pharmaceutical formulations. As per the financial of 2017, the company has reported a decline in its revenue as compared to the previous year but has managed to maintain an average profit margin of 2.99%. The company possesses satisfactory financial position marked by above average networth base with low debt balance sheet profile and average liquidity position. Business is active. Payment seems to be usually correct. In view of aforesaid, the company can be considered for
business dealings at usual trade terms and condition. |
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 |
BRICKWORKS |
|
Rating |
Long term bank facilities = BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
04.05.2017 |
|
Rating Agency Name |
BRICKWORKS |
|
Rating |
Short term bank facilities= A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
04.05.2017 |
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 07.05.2018
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 : |
Mr. Harshit Haresh Mehta |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9819657276 |
|
Date : |
05.05.2018 |
Management non-cooperative (Tel No.: 91-22-26701066)
LOCATIONS
|
Registered Office : |
50, Juhu Supreme Shopping Centre, Gulmohar Cross Road No. 9, Andheri
(West), Mumbai – 400049, Maharashtra |
|
Tel. No.: |
91-22-26701055/ 26701066 |
|
Mobile No.: |
91-9819657276 (Mr. Harshit Haresh Mehta) |
|
Fax No.: |
91-22-26701059 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
400 Sq. ft. |
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Factory : |
8 and 9, Dewan and Sons Udyog Nagar, Palghar (West), Thane-401404,
Maharashtra, India |
|
Tel. No.: |
91-2525-216287 / 256381 |
|
Telefax No.: |
91-2525-255287 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Harshit Haresh Mehta |
|
Designation : |
Managing Director |
|
Address : |
5-A, Pleasant Palace, N. S. Road, JVPD Scheme, Mumbai - 400049,
Maharashtra, India |
|
Date of Birth/Age : |
11.09.1985 |
|
Qualification : |
B. Pharma |
|
Date of Appointment : |
14.12.2011 |
|
DIN No.: |
05144280 |
|
|
|
|
Name : |
Mr. Haresh Kapurlal Mehta |
|
Designation : |
Whole-time Director |
|
Address : |
5-A, Pleasant Palace, N. S. Road, JVPD Scheme, Mumbai - 400049,
Maharashtra, India |
|
Date of Birth/Age : |
17.08.1955 |
|
Qualification : |
B. Pharma |
|
Date of Appointment : |
15.09.2017 |
|
DIN No.: |
01080289 |
|
PAN No.: |
AABPM1435G |
|
|
|
|
Name : |
Mrs. Rita Haresh Mehta |
|
Designation : |
Whole-time Director |
|
Address : |
5-A, Pleasant Palace, N. S. Road, JVPD Scheme, Mumbai - 400049,
Maharashtra, India |
|
Date of Birth/Age : |
20.10.1960 |
|
Date of Appointment : |
01.12.1999 |
|
DIN No.: |
01080344 |
|
|
|
|
Name : |
Mrs. Shweta Harshit Mehta |
|
Designation : |
Director |
|
Address : |
Behind Cooper Hospital, N.S Road No. 5, 5A Pleasant
Palace, Juhu Scheme, Vileparle(West), Mumbai - 400056, Maharashtra, India |
|
Date of Appointment : |
12.03.2015 |
|
DIN No.: |
07121215 |
|
|
|
|
Name : |
Mr. Rishit Hareshbhai Mehta |
|
Designation : |
Whole-time Director |
|
Address : |
5-A, Pleasant Palace, N. S. Road, JVPD Scheme, Mumbai - 400049,
Maharashtra, India |
|
Date of Appointment : |
12.03.2015 |
|
DIN No.: |
07121224 |
|
|
|
|
Name : |
Mr. Deepak Maganlal Vekaria |
|
Designation : |
Director |
|
Address : |
195/2, Balaji, 90 Feet Road, Goradia Nagar, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Date of Appointment : |
25.09.2017 |
|
DIN No.: |
07945925 |
|
|
|
|
Name : |
Mr. Bharat Nathalal Rathod |
|
Designation : |
Director |
|
Address : |
B-16, Anand Vihar Society, 19th A Road, Khar (West), Mumbai-400052, Maharashtra, India |
|
Date of Appointment : |
25.09.2017 |
|
DIN No.: |
07947531 |
|
|
|
|
Name : |
Mr. Ramesh Narandas Rughani |
|
Designation : |
Director |
|
Address : |
41, Juhu Vikrant CHS, Samarath Ramdas Marg, JVPD Schme, Mumbai- 400049, Maharashtra, India |
|
Date of Appointment : |
25.09.2017 |
|
DIN No.: |
00947793 |
Note: Date of appointment and designation of the directors has been updated as per the latest government registry records
KEY EXECUTIVES
|
Name : |
Mr. Haresh Kapurlal Mehta |
|
Designation : |
Chief Financial Officer |
|
Address : |
5-A, Pleasant Palace, N. S. Road, JVPD Scheme, Mumbai - 400049,
Maharashtra, India |
|
Date of Birth/Age : |
17.08.1955 |
|
Qualification : |
B. Pharma |
|
Date of Appointment : |
01.09.2017 |
|
PAN No.: |
AABPM1435G |
|
|
|
|
Name : |
Mr. Vipul Premshankar Dubey |
|
Designation : |
Company Secretary |
|
Address : |
103, D-Wing, Kelipada CHS Limited, Thakur Village, Kandivali (East), Mumbai- 400101, Maharashtra, India |
|
Date of Appointment : |
01.09.2017 |
|
PAN No.: |
AZFPD9163M |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Haresh Mehta |
|
747000 |
|
Rita Mehta |
|
491400 |
|
Harshit H Mehta Indian |
|
398000 |
|
Rishit H Mehta |
|
393860 |
|
Haresh K Mehta HUF |
|
503600 |
|
Harshit H Mehta HUF |
|
36000 |
|
Chimanlal Ramji Mehta HUF |
|
10 |
|
Chintan |
|
10000 |
|
Sejal C Vekaria |
|
6000 |
|
Jitendra M Vekaria |
|
5000 |
|
Shweta H Mehta |
|
342000 |
|
Priyal Timadia |
|
260000 |
|
Gita Sudhir Patel |
|
10 |
|
Payal S Patel |
|
10 |
|
Triveni P Patel |
|
10 |
|
Rajesh S Doshi |
|
7000 |
|
Jigar Rambhia |
|
10 |
|
Jignesh Rambhia |
|
10 |
|
Hemlata Chimanlal Kenia |
|
10 |
|
Octavia Impex Private Limited, India |
|
10 |
|
Mukesh kantilal Kanakia HUF |
|
10 |
|
Namo Diamonds Private Limited, India |
|
10 |
|
Vinod Jadavi Nisar |
|
10 |
|
Nitin N Satra HUF |
|
10 |
|
Rajashree P Jariwala |
|
10 |
|
Vasant Lalji HUF |
|
10 |
|
Total |
|
3200000 |
Equity Share Break up (Percentage of Total Equity)
As on 15.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
25.46 |
|
Promoters (Others - Directors) |
74.13 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
0.41 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer of allopathic pharmaceutical preparations · Manufacturer of Pharmaceutical Formulations (Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
·
Drugs ·
Pharmaceuticals |
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
V J Shah and Company Chartered Accountants |
|
Address : |
401-406, K Building, 24 Walchand Hirachand Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22666363/40966263 |
|
Fax No.: |
91-22-22665955 |
|
Email: |
|
|
Website: |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFV0230F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related parties : |
·
Haresh K Mehta HUF ·
Harshit H Mehta HUF |
CAPITAL STRUCTURE
After 15.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
INR 10/- each |
INR 45.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital : INR 41.492
Million
As on 15.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
INR 10/- each |
INR 45.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3200000 |
Equity Shares |
INR 10/- each |
INR 32.000 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 |
32.000 |
16.000 |
16.000 |
|
(b) Reserves & Surplus |
131.718 |
131.437 |
120.138 |
|
(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) |
163.718 |
147.437 |
136.138 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
108.399 |
39.501 |
2.471 |
|
(b) Deferred tax liabilities
(Net) |
0.157 |
4.415 |
3.781 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.719 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
109.275 |
43.916 |
6.252 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
79.027 |
105.283 |
78.879 |
|
(b) Trade payables |
118.715 |
153.612 |
131.482 |
|
(c) Other current liabilities |
10.827 |
1.752 |
2.233 |
|
(d) Short-term provisions |
0.894 |
3.428 |
2.457 |
|
Total
Current Liabilities (4) |
209.463 |
264.075 |
215.051 |
|
|
|
|
|
|
TOTAL |
482.456 |
455.428 |
357.441 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
68.408 |
70.877 |
79.717 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
27.647 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.643 |
8.831 |
10.390 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
2.114 |
5.028 |
|
(e) Other Non-current assets |
3.579 |
0.148 |
0.000 |
|
Total
Non-Current Assets |
101.277 |
81.970 |
95.135 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
101.434 |
91.697 |
81.701 |
|
(c) Trade receivables |
179.637 |
195.426 |
73.655 |
|
(d) Cash and cash equivalents |
8.437 |
2.861 |
18.217 |
|
(e) Short-term loans and
advances |
87.463 |
73.190 |
84.848 |
|
(f) Other current assets |
4.208 |
10.284 |
3.885 |
|
Total
Current Assets |
381.179 |
373.458 |
262.306 |
|
|
|
|
|
|
TOTAL |
482.456 |
455.428 |
357.441 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
544.180 |
666.836 |
509.899 |
|
|
Other Income |
3.614 |
0.986 |
1.145 |
|
|
TOTAL
|
547.794 |
667.822 |
511.044 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
365.624 |
506.459 |
369.787 |
|
|
Purchases of Stock-in-Trade |
17.374 |
6.173 |
4.615 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
4.458 |
(4.224) |
4.561 |
|
|
Employees benefits expense |
44.208 |
42.514 |
34.135 |
|
|
Other expenses |
72.431 |
77.910 |
67.765 |
|
|
Extraordinary Items |
2.994 |
0.000 |
(1.592) |
|
|
TOTAL |
507.089 |
628.832 |
479.271 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
40.705 |
38.990 |
31.773 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
13.276 |
8.461 |
8.246 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
27.429 |
30.529 |
23.527 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
10.546 |
11.817 |
12.515 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
16.883 |
18.712 |
11.012 |
|
|
|
|
|
|
|
Less |
TAX |
0.602 |
7.413 |
3.092 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
16.281 |
11.299 |
7.920 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
45.022 |
46.653 |
NA |
|
|
TOTAL
EARNINGS |
45.022 |
46.653 |
NA |
|
|
|
|
|
|
|
|
Value
of Import (CIF) |
45.127 |
1.256 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
5.09 |
7.06 |
5.91 |
Note: Profit and Loss for the financial year 2015 which was provided in our earlier report was found to be erroneously enclose due to some typo error. However, correct figures of Profit and Loss (FY 2015) has been corrected and updated in this report. Accordingly it is also affecting Ratio Figures and Financial Analysis (Graph).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
5.993 |
0.000 |
NA |
|
Cash generated from operations |
(24.150) |
(32.763) |
(3.813) |
|
Net cash flows from (used in) operations |
(32.173) |
(39.773) |
(7.531) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
120.49 |
106.97 |
52.72 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.03 |
3.41 |
6.92 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
113.14 |
109.37 |
128.18 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.40 |
0.43 |
0.39 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.42 |
0.55 |
0.40 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.67 |
0.67 |
0.61 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.18 |
0.98 |
0.60 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
1.28 |
1.79 |
1.58 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.59 |
0.48 |
0.59 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.07 |
4.61 |
3.85 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.99 |
1.69 |
1.55 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.37 |
2.48 |
2.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
9.94 |
7.66 |
5.82 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.82 |
1.41 |
1.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.34 |
1.07 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.34 |
0.32 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
6.04 |
9.05 |
5.08 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.82 |
1.41 |
1.22 |
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 |
16.000 |
16.000 |
32.000 |
|
Reserves & Surplus |
120.138 |
131.437 |
131.718 |
|
Net
worth |
136.138 |
147.437 |
163.718 |
|
|
|
|
|
|
long-term borrowings |
2.471 |
39.501 |
108.399 |
|
Short term borrowings |
78.879 |
105.283 |
79.027 |
|
Total
borrowings |
81.350 |
144.784 |
187.426 |
|
Debt/Equity
ratio |
0.598 |
0.982 |
1.145 |
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 |
509.899 |
666.836 |
544.180 |
|
|
|
30.778 |
(18.394) |
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 |
509.899 |
666.836 |
544.180 |
|
Profit |
7.920 |
11.299 |
16.281 |
|
|
1.55% |
1.69% |
2.99% |
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 |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
Yes |
|
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 |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY’S AFFAIRS AND FUTURE OUTLOOK
The revenue from operations for the Financial
Year 2016-17 at INR 544.180 Million which decreased by 22.53% over last year
(INR 666.836 Million in Financial Year 2015-16). The Profit after Tax (PAT) for
the financial year 2016-17 is INR 16.281 Million recording increase over PAT of
INR 11.299 Million in Financial Year 2015-16.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loan from financial Institution |
42.247 |
0.000 |
|
Sales tax deferment |
2.471 |
2.470 |
|
Short-term
borrowings |
|
|
|
Loans and advances from Directors and Relatives |
-- |
20.666 |
|
Loans and advances from Directors |
6.166 |
-- |
|
Total |
50.884 |
23.136 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
A11601531 |
80024456 |
BANK OF BARODA |
19/10/2002 |
23/02/2007 |
- |
14937000.0 |
VILE PARLE WEST BRANCH, SOMAIYA SADAN,D. J. ROAD, VILE PARLE WEST, MUMBAI MAHARASHTRA 400056 INDIA |
|
2 |
C46255915 |
80024744 |
BANK OF BARODA |
09/07/2002 |
10/03/2015 |
- |
162500000.0 |
VILE PARLE WEST BRANCH, SOMAIYA SADAN,D. J. ROAD, VILE PARLE WEST, MUMBAI MAHARASHTRA 400056 INDIA |
|
3 |
C46255709 |
80024471 |
BANK OF BARODA |
26/06/2002 |
10/03/2015 |
- |
162500000.0 |
VILE PARLE WEST BRANCH, SOMAIYA SADAN,D. J. ROAD, VILE PARLE WEST, MUMBAI MAHARASHTRA 400056 INDIA |
|
4 |
A21014840 |
80027057 |
THE KAPOLE COOPERATIVE BANK LTD |
25/09/1999 |
- |
21/08/2007 |
700000.0 |
PICKET ROAD BRANCH MUMBAI MAHARASHTRA 400002 INDIA |
|
5 |
A21014956 |
80026597 |
THE KAPOL COOPERATIVE BANK LIMITED |
20/10/1999 |
- |
21/08/2007 |
1000000.0 |
19/21, THE KAPOL BANK BLDG, PICKET CROSS RD MUMBAI MAHARASHTRA 400002 INDIA |
FIXED ASSETS
- Factory
Building and Office
- Air
Conditioner
- Computer
- Furniture and
Fixture
- Vehicles
- Office
Equipment
- Electrical
- Plant and
Machinery
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 |
|
UK Pound |
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
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.
·