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MIRA INFORM REPORT
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Report No. : |
507375 |
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Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
FIL INDUSTRIES LIMITED (w.e.f. 31.07.2000) |
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Formerly Known
As : |
FUNGICIDES (INDIA) LIMITED (w.e.f. 11.02.1992) FUNGICIDES (INDIA) PRIVATE LIMITED |
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Registered
Office : |
7, Sheikh Bagh, Kohinoor House, Srinagar - 190001, Jammu and Kashmir |
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Tel. No.: |
91-194-2474543/24455161 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
29.08.1989 |
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Com. Reg. No.: |
07-001136 |
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Capital
Investment / Paid-up Capital : |
INR 76.038 Million |
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CIN No.: [Company Identification
No.] |
U24231JK1989PLC001136 |
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IEC No.: [Import-Export Code No.] |
0593048695 |
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GSTIN : [Goods & Service Tax Registration No.] |
01AAACF3272A1ZJ |
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TIN No : |
01181070576 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACF3272A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in various
business viz. Agrochemical (under Crop Protection Division) Food Processing
Division primarily consisting of tetra packaging / bottling of fruit juices
and C.A. Store (Controlled Atmo sphere Store) for storage of fruits and
vegetables under controlled atmospheric conditions (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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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 4930000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established Company incorporated in the year 1989 having
good track. For the financial year ended 2017, revenue of the company has slightly
decline. However, it has been able to achieve fair profit margin at 3.59%
(approx.) The company possesses sound financial profile marked by healthy net
worth base along with negligible debt recorded and favorable gap between
trade payable to its receivables. The company also derives strength from its long established track
record of business operation. Trade
relations are reported as fair. Business is active. Payment terms are seems
to be regular and as per commitment. 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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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 10.05.2018
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
Management non-cooperative (Tel No.: 91-194-2474543)
Tel
No : 91-11-24620505( Number is not Working)
LOCATIONS
|
Registered Office : |
7, Sheikh Bagh, Kohinoor House, Srinagar - 190001, Jammu and Kashmir,
India |
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Tel. No.: |
91-194-2474543/2455161 |
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Fax No.: |
91-194-2452462 |
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E-Mail : |
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Website : |
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Corporate Office : |
H - 88, The South Mall, South Extension – I, New Delhi – 110049, India
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Tel. No.: |
91-11-24620505/0707/0808/24605600 |
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Fax No.: |
91-11-24633874/24646551 |
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E-Mail : |
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Branch : |
Plot No 1, Kehar Singh Estate, Western Marg, Lane No. 2, Saket, New Delhi – 110030, India |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Tariq Mohd Syed |
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Designation : |
Managing Director |
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Address : |
F-115-C, Sainik Farms, New Delhi – 110062, India |
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Date of Birth/Age : |
07.07.1970 |
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Qualification : |
Post Graduate |
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Experience : |
29.08.1989 |
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Date of Appointment : |
AAPPT5611H |
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DIN No : |
00094590 |
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Other
Directorship :
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Name : |
Mr. Iqbal Mohd Syed |
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Designation : |
Chairman |
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Address : |
7, Sheikh Bagh, Srinagar-190001,
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Date of Birth/Age : |
14.07.1932 |
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Qualification : |
Graduate |
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Date of Appointment : |
29.08.1989 |
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DIN No : |
00094720 |
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Name : |
Mr. Syed Junaid Altaf |
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Designation : |
Director |
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Address : |
F-115-C, Sainik Farms, New Delhi – 110062, India |
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Qualification : |
Post Graduate in Financial Engineering and Risk Management |
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Date of Appointment : |
30.01.2015 |
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DIN No.: |
02783678 |
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Other
Directorship :
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Name : |
Mr. Anil Sharma |
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Designation : |
Director |
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Address : |
C-70, C-Block, Shastri Nagar, Meerut – 250004, Uttar
Pradesh, India |
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Qualification : |
Graduate |
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Date of Appointment : |
09.03.2015 |
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DIN No.: |
06688634 |
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Other
Directorship :
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Name : |
Mr. Nazir Ahmad Malik |
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Designation : |
Director |
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Address : |
669-Sheraz Colony, Soura Near Shalighat,, Post Office
Nawshara, District Srinagar – 190011, Jammu and Kashmir, India |
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Qualification : |
Graduate |
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Date of Appointment : |
09.03.2015 |
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DIN No.: |
07116912 |
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Name : |
Mr. Syed Owais Altaf |
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Designation : |
Additional Director |
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Address : |
F115/C Sainik Farms New Delhi – 110062, India |
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Date of Appointment : |
17.10.2017 |
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DIN No.: |
05118243 |
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Other
Directorship :
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KEY EXECUTIVES
|
Name : |
Mrs. Mallika Luthra |
|
Designation : |
Company Secretary |
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Address : |
H-6/15, Malviya
Nagar, New Delhi – 110017, India |
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Date of Birth/Age : |
15.03.1976 |
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Date of Appointment : |
21.09.2012 |
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PAN No.: |
ADSPA9032F |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Iqbal Mohd Sayed |
|
13580 |
|
Syed Mohd Altaf |
|
20960 |
|
Tariq Sayed |
|
12716 |
|
Hafeeza Begum |
|
8690 |
|
Tabassum Altaf |
|
4300 |
|
Syed Junaid Altaf |
|
686 |
|
Syed Owsis Altaf |
|
200 |
|
Ruhi Tariq |
|
4000 |
|
PFB Project Engineering Services |
|
3906 |
|
Kohinoor International Private Limited |
|
7000 |
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Total |
|
76038 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
73.57 |
|
Promoters (Body corporate) |
9.21 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
12.08 |
|
Foreign institutional investors |
5.14 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in various
business viz. Agrochemical (under Crop Protection Division) Food Processing Division
primarily consisting of tetra packaging / bottling of fruit juices and C.A.
Store (Controlled Atmo sphere Store) for storage of fruits and vegetables
under controlled atmospheric conditions (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 Available |
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Imports : |
Not Available |
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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 : |
Manzoor And Company Chartered Accountants |
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Income-tax
PAN of auditor or auditor's firm : |
AATPW6692D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
Kohinoor International Private Limited (U15531JK1998PTC001805) |
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Subsidiaries : |
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CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
220,000 |
Equity Shares |
INR 1000/- each |
INR 220.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
76,038 |
Equity Shares |
INR 1000/- each |
INR 76.038 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 |
76.038 |
76.038 |
75.313 |
|
(b) Reserves and Surplus |
1649.816 |
1549.843 |
1444.774 |
|
(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) |
1725.854 |
1625.881 |
1520.087 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
197.884 |
254.966 |
286.906 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
1.244 |
0.000 |
|
(c) Other long-term
liabilities |
29.723 |
29.550 |
28.575 |
|
(d) long-term
provisions |
17.612 |
13.101 |
10.930 |
|
Total Non-current
Liabilities (3) |
245.219 |
298.861 |
326.411 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
469.407 |
384.417 |
411.737 |
|
(b) Trade
payables |
211.461 |
199.429 |
109.788 |
|
(c) Other
current liabilities |
146.033 |
165.845 |
147.712 |
|
(d) Short-term
provisions |
59.221 |
44.029 |
25.663 |
|
Total Current
Liabilities (4) |
886.122 |
793.720 |
694.900 |
|
|
|
|
|
|
TOTAL |
2857.195 |
2718.462 |
2541.398 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1145.782 |
1116.965 |
1026.089 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
19.984 |
1.032 |
9.862 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
200.001 |
109.180 |
1.050 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
63.421 |
65.505 |
112.296 |
|
(e) Other
Non-current assets |
52.804 |
73.977 |
100.696 |
|
Total Non-Current
Assets |
1481.992 |
1366.659 |
1249.993 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
492.218 |
570.978 |
561.829 |
|
(c) Trade
receivables |
629.198 |
490.781 |
458.629 |
|
(d) Cash and
bank balances |
32.661 |
40.143 |
38.439 |
|
(e)
Short-term loans and advances |
221.126 |
249.901 |
232.508 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1375.203 |
1351.803 |
1291.405 |
|
|
|
|
|
|
TOTAL |
2857.195 |
2718.462 |
2541.398 |
PROFIT
& LOSS ACCOUNT [STANDALONE]
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2664.777 |
2746.318 |
2351.411 |
|
|
Other Income |
28.799 |
13.202 |
11.680 |
|
|
TOTAL |
2693.576 |
2759.520 |
2363.091 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1035.152 |
1059.910 |
1155.533 |
|
|
Purchases of
Stock-in-Trade |
835.263 |
1018.920 |
828.245 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
90.851 |
(16.677) |
(215.554) |
|
|
Employee benefit expense |
113.208 |
95.678 |
83.086 |
|
|
Other expenses |
233.539 |
244.586 |
215.995 |
|
|
Extraordinary items before tax |
0.000 |
0.000 |
4.200 |
|
|
TOTAL |
2308.013 |
2402.417 |
2071.505 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
385.563 |
357.103 |
291.586 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
113.609 |
113.012 |
107.065 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
271.954 |
244.091 |
184.521 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
118.161 |
108.183 |
104.234 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
153.793 |
135.908 |
80.287 |
|
|
|
|
|
|
|
Less |
TAX |
58.062 |
44.430 |
24.860 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
95.731 |
91.478 |
55.427 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
12.59 |
12.03 |
73.6 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
107.221 |
135.161 |
119.403 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
346.018 |
426.844 |
267.916 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
299.009 |
396.968 |
239.937 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
86.18 |
65.23 |
71.19 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.24 |
5.60 |
5.13 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
41.27 |
35.02 |
20.20 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.78 |
0.63 |
0.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.33 |
0.32 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.42 |
0.44 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.45 |
0.48 |
0.54 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.51 |
0.49 |
0.46 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.68 |
0.69 |
0.68 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.39 |
3.16 |
2.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
3.59 |
3.33 |
2.36 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.35 |
3.37 |
2.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
5.55 |
5.63 |
3.65 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.55 |
1.70 |
1.86 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.00 |
0.98 |
1.05 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.60 |
0.60 |
0.60 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
10.19 |
10.19 |
10.86 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.55 |
1.70 |
1.86 |
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 |
75.313 |
76.038 |
76.038 |
|
Reserves & Surplus |
1444.774 |
1549.843 |
1649.816 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1520.087 |
1625.881 |
1725.854 |
|
|
|
|
|
|
long-term borrowings |
286.906 |
254.966 |
197.884 |
|
Short term borrowings |
411.737 |
384.417 |
469.407 |
|
Current maturities of
long-term debts |
119.403 |
135.161 |
107.221 |
|
Total
borrowings |
818.046 |
774.544 |
774.512 |
|
Debt/Equity
ratio |
0.538 |
0.476 |
0.449 |
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 |
2351.411 |
2746.318 |
2664.777 |
|
|
|
16.794 |
(2.969) |
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 |
2351.411 |
2746.318 |
2664.777 |
|
Profit |
55.427 |
91.478 |
95.731 |
|
|
2.36
% |
3.33
% |
3.59
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
69.038 |
76.038 |
75.313 |
|
(b) Reserves and Surplus |
1507.737 |
1536.933 |
1445.399 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
115.703 |
0.120 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1576.775 |
1612.971 |
1520.712 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
215.436 |
255.788 |
286.906 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
1.244 |
0.000 |
|
(c) Other long-term
liabilities |
29.723 |
29.550 |
28.575 |
|
(d) long-term
provisions |
17.612 |
13.101 |
10.930 |
|
Total Non-current
Liabilities (3) |
262.771 |
299.683 |
326.411 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
535.744 |
384.417 |
411.737 |
|
(b) Trade
payables |
216.596 |
203.402 |
116.013 |
|
(c) Other
current liabilities |
163.760 |
174.297 |
147.712 |
|
(d) Short-term
provisions |
62.901 |
44.023 |
25.663 |
|
Total Current
Liabilities (4) |
979.001 |
806.139 |
701.125 |
|
|
|
|
|
|
TOTAL |
2934.250 |
2718.913 |
2548.248 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1226.726 |
1156.211 |
1026.089 |
|
(ii)
Intangible Assets |
0.076 |
0.090 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
29.258 |
4.459 |
9.862 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
89.995 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
66.846 |
65.889 |
112.296 |
|
(e) Other
Non-current assets |
52.866 |
74.039 |
100.696 |
|
Total Non-Current
Assets |
1375.772 |
1390.683 |
1248.943 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
552.668 |
571.700 |
561.829 |
|
(c) Trade
receivables |
762.482 |
507.225 |
465.813 |
|
(d) Cash and
bank balances |
38.406 |
54.925 |
38.954 |
|
(e)
Short-term loans and advances |
204.675 |
194.115 |
232.500 |
|
(f) Other
current assets |
0.247 |
0.265 |
0.209 |
|
Total
Current Assets |
1558.478 |
1328.230 |
1299.305 |
|
|
|
|
|
|
TOTAL |
2934.250 |
2718.913 |
2548.248 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2807.838 |
2843.874 |
2364.619 |
|
|
Other Income |
37.240 |
13.335 |
11.680 |
|
|
TOTAL |
2845.078 |
2857.209 |
2376.299 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1026.926 |
1059.910 |
1155.533 |
|
|
Purchases of
Stock-in-Trade |
924.055 |
1093.417 |
839.286 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
56.372 |
(17.155) |
(215.554) |
|
|
Employee benefit expense |
143.896 |
102.464 |
83.086 |
|
|
Other expenses |
293.222 |
265.248 |
217.537 |
|
|
Extraordinary items before tax |
0.000 |
0.000 |
4.200 |
|
|
TOTAL |
2444.471 |
2503.884 |
2084.088 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
400.607 |
353.325 |
292.211 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
109.442 |
113.019 |
107.065 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
291.165 |
240.306 |
185.146 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
125.944 |
109.147 |
104.234 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
165.221 |
131.159 |
80.912 |
|
|
|
|
|
|
|
Less |
TAX |
61.718 |
44.367 |
24.860 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
103.503 |
86.792 |
56.052 |
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 |
No |
|
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) |
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 |
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 |
COMPANY OVERVIEW
The company is Incorporated on 29th August 1989) is engaged in various business viz. Agrochemical (under Crop Protection Division) Food Processing Division primarily consisting of tetra packaging / bottling of fruit juices and C.A. Store (Controlled Atmo sphere Store) for storage of fruits and vegetables under controlled atmospheric conditions. The Electronics/Trading Division which caters to vast requirements of different consumers and aims to cover both Hardware and Software items. The company has successfully executed projects of supply of electronic
equipments in past. The Company is also engaged in the activities of providing basic infrastructure facilities at the farm level and near the fruit growing areas involving setting up and maintenance of processing units and controlled atmospheric stores together to the packing and grading lines on contract basis under its’ Engineering Division.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Amount |
Address |
|
1 |
G54203468 |
100124317 |
The Jammu and Kashmir Bank Limited |
20/03/2017 |
- |
901000000.0 |
BU SSI Lal ChowkSrinagarJK190001IN |
|
2 |
G42914333 |
100094997 |
The Jammu and Kashmir Bank Limited |
10/08/2016 |
- |
64604000.0 |
SSILAL CHOWKSRINAGARJK190001IN |
|
3 |
G02270510 |
100022681 |
The Jammu and Kashmir Bank Limited |
11/07/2015 |
- |
70000000.0 |
SSILAL CHOWKSRINAGARJK190001IN |
|
4 |
G02236016 |
100022566 |
The Jammu and Kashmir Bank Limited |
11/07/2015 |
- |
13500000.0 |
SSILAL CHOWKSRINAGARJK190001IN |
|
5 |
G02274827 |
100022694 |
The Jammu and Kashmir Bank Limited |
11/07/2015 |
- |
235000000.0 |
SSILAL CHOWKSRINAGARJK190001IN |
|
6 |
G37212263 |
100022684 |
The Jammu and Kashmir Bank Limited |
11/07/2015 |
22/12/2016 |
60000000.0 |
SSILAL CHOWKSRINAGARJK190001IN |
|
7 |
G37212990 |
100022686 |
The Jammu and Kashmir Bank Limited |
11/07/2015 |
22/12/2016 |
290000000.0 |
SSILAL CHOWKSRINAGARJK190001IN |
|
8 |
C53532867 |
10569199 |
The Jammu and Kashmir Bank Limited |
26/02/2015 |
- |
700000.0 |
SSILal ChowkSrinagarJK190001IN |
|
9 |
G76038827 |
10588784 |
STATE BANK OF INDIA |
20/12/2014 |
22/12/2017 |
230000000.0 |
B-4/7, PRINCE ROAD,MODEL TOWN-1,DELHIDL110009IN |
|
10 |
C46320362 |
10554422 |
The Jammu and Kashmir Bank Limited |
07/11/2014 |
- |
300000.0 |
SSILal ChowkSrinagarJK190001IN |
FIXED ASSETS
·
Land
·
Land(Leasehold)
·
Office Building
·
Factory Building
·
Plant and Machinery
·
Vehicles
·
Furniture and Fixture
·
Office Equipments
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 67.38 |
|
|
1 |
INR 91.08 |
|
Euro |
1 |
INR 79.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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.