|
|
|
MIRA INFORM REPORT
|
Report No. : |
507477 |
|
Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRINITY ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Ideal Appliance Company Private Limited, 1117 Maker Chamber, V Nariman
Point, Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-20-39836268 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.11.1972 |
|
|
|
|
Com. Reg. No.: |
11-016150 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 65.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28910MH1972PTC016150 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the management that firm
does not have export and import) |
|
|
|
|
TIN / CST No.: |
27600000200 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACT0262C1ZV |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT0262C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged into Manufacturer of other fabricated metal products, Metal working service activities, Forging, pressing, stamping and roll-forming of metal; powder metallurgy. [Registered Activity] Manufacturer
of forgings and machined components for commercial vehicle. [Confirmed by management] |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1972. It is a manufacturer of Forgings and Machined Components for Commercial Vehicles. For the financial year 2017, the company has reported decline in its revenue as compared to previous year and has incurred operational loss. The moderate financial profile of the company is marked by negative reserve base along with poor debt coverage indicators due to high debt balance sheet profile. Payment seems to be slow and delayed. 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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term= B |
|
Rating Explanation |
Risk prone credit quality and carries very
high credit risk. |
|
Date |
27.02.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term= A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
27.02.2018 |
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 PARTED BY
|
Name : |
Mr. Radhakrishnan |
|
Designation : |
Head of Material |
|
Contact No.: |
91-9960500303 |
|
Date : |
07.05.2018 |
LOCATIONS
|
Registered Office : |
Ideal Appliance Company Private Limited, 1117 Maker Chamber, V Nariman
Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-20-39836268 / 39836204 |
|
Mobile No.: |
91-9960500303 (Mr. Radhakrishnan) |
|
Fax No.: |
91-20-39836262 |
|
E-Mail : |
asheet_pasricha@trinityengineers.com
radhakrishnan_thurutheri@trinityengineers.com |
|
Website : |
|
|
|
|
|
Head Office / Factory : |
14 – D – 1, MIDC, Chinchwad, Pune – 411019, Maharashtra, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Asheet Ashwanikumar Pasricha |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
21/22 Samrat Housing Society Kalyani Nagar,
Mumbai – 411014, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.06.1965 |
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Date of Appointment : |
06.06.1996 |
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DIN No. : |
00344219 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashwanikumar Hansraj Pasricha |
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|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
21/22 Samrat Housing Society Kalyani
Nagar, Mumbai – 411014, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.04.1930 |
||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
27.11.1972 |
||||||||||||||||||||||||||||||||||||||||
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DIN No. : |
00344317 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjeev Raghubans Kanwar |
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|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 23 Somerset House, Tyabji CHS Limited, 61 – G, Off: Bhulabhai
Desai Road, Mumbai – 400026, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.08.1960 |
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|
Date of Appointment : |
23.07.2001 |
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DIN No. : |
00550117 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Abhay Omprakash Pandharpatte |
|
Designation : |
Company Secretary |
|
Address : |
26/629, Pawan Society, Gokhalenagar, Pune – 411016, Maharashtra,
India |
|
Date of Appointment : |
09.03.2018 |
|
PAN No.: |
CEDPP1665P |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
|
Surindernath Jaichand Makar |
40660 |
|
Ashwanikumar Hansraj Pasricha |
88334 |
|
Ashwanikumar Pasrich Joint With Rattan Pasricha |
160000 |
|
Moulds and Dies Private Limited |
4000 |
|
Ashwani Pasricha and Son HUF |
148000 |
|
Aparna Aman Pasricha Vij |
67333 |
|
Asheet Ashwanikumar Pasricha |
224866 |
|
Ashwanikumar Pasricha Smaller HUF |
148000 |
|
Rattan Ashwanikumar Pasricha |
166667 |
|
Archana Surindernath Soi |
40000 |
|
Shalini Abnash Pasricha |
6400 |
|
Surindernath Makar Joint With Nirmala Makar |
1056247 |
|
Nikhil Abnash Pasricha |
4667 |
|
Rishi Abnash Pasricha |
4667 |
|
Hasting Investment Trading Private Limited |
863400 |
|
Annupama Asheet Pasricha |
100333 |
|
Mughal Investment Trading Private Limited |
1149760 |
|
Vandana Sanjeev Kanwar |
406240 |
|
Balwas Invetment Private Limited |
965760 |
|
Bombay Cable Co Private Limited |
914666 |
|
|
|
|
Total |
6560000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
25.02 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
15.57 |
|
Public/Other than promoters [Body corporate] |
59.41 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Manufacturer of other fabricated metal products, Metal working service activities, Forging, pressing, stamping and roll-forming of metal; powder metallurgy. [Registered Activity] Manufacturer
of forgings and machined components for commercial vehicle. [Confirmed by management] |
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Products / Services
: |
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||||
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|
||||
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Brand Names : |
Not Available |
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|
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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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|
||||
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Terms : |
|
||||
|
Selling : |
L/C, Advance Payment, Cheque and Others (NEFT) |
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|
|
|
||||
|
Purchasing : |
L/C, Advance Payment, Cheque and Others (NEFT) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
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Customers : |
Wholesalers, Manufacturer
|
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|
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No. of Employees : |
600 (Approximately) |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank Housesenapati
Bapat Marg, Lower Parel West, Mumbai – 400013, Maharashtra, India |
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
A.M. Jain and Company Chartered Accountants |
|
Address : |
103, Malhotra Chamber, 31/33, Police Court Lane, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-2262 2503 |
|
Fax No.: |
91-22-2265 4662 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFA4654J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Others : |
· Hasting Investment and Trading Co. Private Limited · Ideal Appliances Company Private Limited · Balwas Investments Private Limited · Bombay Cable Company Private Limited · Tao Builders and Developers Private Limited · Upasana Resources Private Limited · Sarvottam Computers Private Limited · Niki Gears Private Limited ·
ForgeAuto Engineering Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6560000 |
Equity Shares |
INR 10/- each |
INR 65.600 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
65.600 |
65.600 |
39.360 |
|
(b) Reserves & Surplus |
(24.056) |
(27.539) |
18.275 |
|
(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) |
41.544 |
38.061 |
57.635 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
143.669 |
128.102 |
129.955 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
3.049 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
14.183 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
160.901 |
128.102 |
129.955 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
483.838 |
399.255 |
373.295 |
|
(b) Trade
payables |
412.450 |
401.720 |
427.320 |
|
(c) Other
current liabilities |
24.483 |
32.956 |
48.359 |
|
(d) Short-term
provisions |
27.305 |
36.923 |
29.374 |
|
Total Current
Liabilities (4) |
948.076 |
870.854 |
878.348 |
|
|
|
|
|
|
TOTAL |
1150.521 |
1037.017 |
1065.938 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
262.461 |
228.330 |
203.171 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.192 |
2.461 |
0.929 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.257 |
1.257 |
1.257 |
|
(c) Deferred tax assets (net) |
57.783 |
60.178 |
40.420 |
|
(d)
Long-term Loan and Advances |
18.434 |
13.627 |
13.545 |
|
(e) Other
Non-current assets |
17.881 |
15.323 |
35.067 |
|
Total Non-Current
Assets |
358.008 |
321.176 |
294.389 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
392.456 |
336.364 |
341.559 |
|
(c) Trade
receivables |
370.246 |
352.313 |
398.782 |
|
(d) Cash
and cash equivalents |
12.953 |
2.135 |
3.712 |
|
(e)
Short-term loans and advances |
16.829 |
23.639 |
22.529 |
|
(f) Other
current assets |
0.029 |
1.390 |
4.967 |
|
Total
Current Assets |
792.513 |
715.841 |
771.549 |
|
|
|
|
|
|
TOTAL |
1150.521 |
1037.017 |
1065.938 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1843.928 |
1925.746 |
1980.776 |
|
|
Other Income |
1.930 |
5.690 |
7.805 |
|
|
TOTAL |
1845.858 |
1931.436 |
1988.581 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1080.976 |
1121.168 |
1177.827 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(78.790) |
9.430 |
9.988 |
|
|
Employee benefit expense |
261.725 |
276.939 |
251.502 |
|
|
Other expenses |
487.476 |
473.309 |
499.049 |
|
|
TOTAL |
1751.387 |
1880.846 |
1938.366 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
94.471 |
50.590 |
50.215 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
84.765 |
89.123 |
85.229 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.706 |
(38.533) |
(35.014) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.806 |
26.127 |
28.287 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(12.100) |
(64.660) |
(63.301) |
|
|
|
|
|
|
|
Less |
TAX |
3.941 |
(19.758) |
(20.866) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(16.041) |
(44.902) |
(42.435) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(2.45) |
(11.20) |
(10.78) |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
2400.000 |
Expected Sales (2018-2019): INR 3000.000 Million
The above information has been parted by Mr. Radhakrishnan (Head of
Material)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
16.073 |
21.610 |
13.346 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
27.002 |
90.166 |
127.727 |
|
Net cash flows from (used in) operating activities |
26.452 |
89.253 |
126.258 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
73.29 |
66.78 |
73.48 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.98 |
5.47 |
4.97 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
139.27 |
130.78 |
132.42 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.24 |
0.15 |
0.15 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.36 |
0.22 |
0.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.96 |
0.98 |
0.96 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
15.49 |
14.42 |
8.96 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
22.82 |
22.88 |
15.24 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
6.32 |
6.06 |
3.54 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.11 |
0.57 |
0.59 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
(0.87) |
(2.33) |
(2.14) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(1.39) |
(4.33) |
(3.98) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(38.61) |
(117.97) |
(73.63) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.84 |
0.82 |
0.88 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.42 |
0.44 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.04 |
0.04 |
0.05 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.81 |
8.37 |
13.12 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.84 |
0.82 |
0.88 |
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 |
39.360 |
65.600 |
65.600 |
|
Reserves & Surplus |
18.275 |
(27.539) |
(24.056) |
|
Net
worth |
57.635 |
38.061 |
41.544 |
|
|
|
|
|
|
Long-term borrowings |
129.955 |
128.102 |
143.669 |
|
Short term borrowings |
373.295 |
399.255 |
483.838 |
|
Current maturities of
long-term debts |
13.346 |
21.610 |
16.073 |
|
Total
borrowings |
516.596 |
548.967 |
643.580 |
|
Debt/Equity
ratio |
8.963 |
14.423 |
15.492 |
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 |
1980.776 |
1925.746 |
1843.928 |
|
|
|
(2.778) |
(4.249) |
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 |
1980.776 |
1925.746 |
1843.928 |
|
Profit/ (Loss) |
(42.435) |
(44.902) |
(16.041) |
|
|
(2.14
%) |
(2.33
%) |
(0.87
%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans repayable on demand from others |
53.524 |
93.100 |
|
Loans and advances from related parties |
89.400 |
24.975 |
|
|
|
|
|
Total |
142.924 |
118.075 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C64924848 |
10592560 |
HDFC BANK LIMITED |
07/09/2015 |
- |
- |
916000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MH400013IN |
|
2 |
C44943975 |
10551783 |
HDFC BANK LIMITED |
07/10/2014 |
- |
- |
1005000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
3 |
B94799251 |
10473832 |
HDFC BANK LIMITED |
02/01/2014 |
- |
- |
816000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MH400013IN |
|
4 |
B92208610 |
10487484 |
UNION BANK OF INDIA |
05/09/2013 |
- |
- |
300000.0 |
SUBHARDRA CHAMBERS, 449/6A/5A MUMBAI - PUNE ROAD, KASARWADI, PUNE MH411034IN |
|
5 |
B92208073 |
10487482 |
UNION BANK OF INDIA |
05/09/2013 |
- |
- |
300000.0 |
SUBHARDRA CHAMBERS, 449/6A/5A MUMBAI - PUNE ROAD, KASARWADI, PUNE MH411034IN |
|
6 |
B92209063 |
10480651 |
UNION BANK OF INDIA |
05/09/2013 |
- |
- |
900000.0 |
SUBHARDRA CHAMBERS, 449/6A/5A MUMBAI - PUNE ROAD, KASARWADI, PUNE MH411034IN |
|
7 |
B89446637 |
10483028 |
UNION BANK OF INDIA |
16/08/2013 |
- |
- |
41000000.0 |
SUBHARDRA CHAMBERS, 449/6A/5A MUMBAI - PUNE ROAD, KASARWADI, PUNE MH411034IN |
|
8 |
B89439780 |
10394321 |
UNION BANK OF INDIA |
30/11/2012 |
04/10/2013 |
- |
100000000.0 |
SUBHARDRA CHAMBERS, 449/6A/5A MUMBAI - PUNE ROAD, KASARWADI, PUNE MH411034IN |
|
9 |
B64957632 |
10394317 |
UNION BANK OF INDIA |
30/11/2012 |
- |
- |
40000000.0 |
SUBHARDRA CHAMBERS, 449/6A/5A MUMBAI - PUNE ROAD, KASARWADI, PUNE MH411034IN |
|
10 |
B64959489 |
10136293 |
UNION BANK OF INDIA |
24/11/2008 |
30/11/2012 |
- |
20000000.0 |
SUBHARDRA CHAMBERS, 449/6A/5A MUMBAI - PUNE ROAD, KASARWADI, PUNE MH411034IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 66.77 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKT |
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.