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|
MIRA INFORM REPORT
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Report No. : |
508796 |
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Report Date : |
11.05.2018 |
IDENTIFICATION DETAILS
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Name : |
LOPAREX INDIA PRIVATE LIMITED (w.e.f. 05.10.2015) |
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Formerly Known
As : |
KAYGEE-LOPAREX INDIA PRIVATE LIMITED (w.e.f. 31.03.2005) KAYGEE PAPERS PRIVATE LIMITED |
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Registered
Office : |
B-28, Bhukhanvala Chambers, 7th Floor, Veera Industrial Estate, Off.
New Link Road, Andheri (West), Mumbai – 400053, Maharashtra |
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Tel. No.: |
91-22-26733125-28 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
15.01.1997 |
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Com. Reg. No.: |
11-105130 |
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Capital
Investment / Paid-up Capital : |
INR 108.000 Million |
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CIN No.: [Company Identification
No.] |
U21010MH1997PTC105130 |
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IEC No.: |
0397003749 |
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GST No.: |
27AAACK3962A1ZV |
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TIN No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACK3962A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Paper and Paper Products. (Registered Activity and also Confirmed by Management) |
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No. of Employees
: |
180 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 2270300 |
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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 was incorporated in the year 1997. It is a subsidiary of Loparex Holding BV, Netherlands. The company is a manufacturer and exporter of paper and paper products. 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 favourable profitability margin of 9.23%. The company possesses healthy financial position marked by above average net worth base along with debt free balance sheet profile and adequate liquidity position. Rating takes into consideration the strength that the company derives from its holding company and its experienced management team. Business is active. Payment seems to be regular. 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 |
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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 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 11.05.2018.
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. Vaibhav Gandhi |
|
Designation : |
Senior Manager in Accounts and Finance |
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Contact No.: |
91-22-40305902 |
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Date : |
10.05.2018 |
LOCATIONS
|
Registered Office/ Factory 1 : |
B-28, Bhukhanvala Chambers, 7th Floor, Veera Industrial Estate, Off.
New Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
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Tel. No.: |
91-22-26733125-28/ 40305902 |
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Fax No.: |
91-22-26733928 |
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E-Mail : |
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Website : |
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Area : |
3000 Sq. Ft. |
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Location : |
Owned |
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Locality : |
Commercial |
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Factory 2 : |
Survey No. 144/1/2, Plot Nos 29, Athal Village, Silvassa-396230, Dadra & Nagar Haveli (U.T.), India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Gerrit Jan Engbert Hilbrink |
|
Designation : |
Director |
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Address : |
Kerkweg3 7626 Lp Hertme Na NL |
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Date of Appointment : |
23.08.2012 |
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DIN No.: |
05349593 |
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Name : |
Sheng Thong Yin |
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Designation : |
Additional Director |
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Address : |
Apt/Blr 31 Jalan Merbok Singapore Singapore 598456 SG |
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Date of Appointment : |
01.11.2017 |
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DIN No.: |
07977333 |
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Name : |
Mr. Manish Padam Jain |
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Designation : |
Managing Director |
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Address : |
Flat No.-1302, C-Wing, Anmol Tower, Opp. Patel Auto, S.V. Road, Goregaon (West), Mumbai - 400062, Maharashtra, India |
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Date of Birth/Age : |
04.10.1976 |
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Qualification : |
Chartered Accountants |
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Date of Appointment : |
01.08.2015 |
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PAN No.: |
ACTPJ9777A |
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DIN No.: |
06477976 |
KEY EXECUTIVES
|
Name : |
Mr. Vaibhav Gandhi |
|
Designation : |
Senior Manager in Accounts and Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Loparex Holding BV, Netherlands |
1079990 |
99.99 |
|
Loparex BV, Netherlands |
10 |
0.00 |
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|
|
|
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Total |
1080000 |
100.00 |
AS ON: 19.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters
– Others (Foreign Corporate Body-Loparex Holding B.V. and
Loparex B.V.) |
100.00 |
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|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Paper and Paper Products. (Registered Activity and also Confirmed by Management) |
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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 : |
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Products : |
Finished Goods |
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Countries : |
· Brazil · Egypt · Turkey |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
· China · Sweden · European Countries |
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Terms : |
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Selling : |
L/C, Cheque and Credit [30 days] and Others [NEFT, RTGS] |
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Purchasing : |
L/C, Cheque and Credit [30 days] |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesaler, Retailers and Manufacturers
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No. of Employees : |
180 (Approximately) |
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Bankers : |
· Canara Bank 67 Dhiraj Building, M G Road, Kandivli (W), Mumbai, (Now Shifted To Canara Bank Vile Parle (East), Br., Mumbai - 400057, Maharashtra, India · HDFC Bank Limited Level-4, Alpha Building, I Think Techno Park, Lodha Complex, Kanjur Marg,, Mumbai - 400042, Maharashtra, India · Citibank N.A. Bandra
Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India |
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Facilities : |
--- |
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Auditors : |
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Name : |
Jain and Kothari Chartered Accountants |
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Address : |
43, Onlooker Building, Sir P.M. Road, Fort, Mumbai-400001, Maharashtra, India |
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PAN No.: |
AACFJ6082B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
Loparex Holding BV, Netherlands |
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Others related parties : |
·
Nipra Packaging Private Limited
[U28129MH1985PTC035974] ·
Capri Coating Solutions |
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Associate : |
·
Loparex BV ·
Loparex LLC ·
Loparex HK Limited ·
Loparex International BV |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1100000 |
Equity Shares |
INR 100/- each |
INR 110.000 Million |
|
100000 |
Preference Shares |
INR 100/- each |
INR 10.000 Million |
|
|
TOTAL |
|
INR 120.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1080000 |
Equity Shares |
INR 100/- each |
INR 108.000 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 [12 Months] |
31.03.2016 [15 Months] |
31.12.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
108.000 |
108.000 |
108.000 |
|
(b) Reserves and Surplus |
686.606 |
547.566 |
486.414 |
|
(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) |
794.606 |
655.566 |
594.414 |
|
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
14.745 |
17.239 |
21.940 |
|
(c) Other long-term
liabilities |
0.025 |
0.025 |
0.025 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
14.770 |
17.264 |
21.965 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
99.388 |
174.844 |
198.768 |
|
(c) Other
current liabilities |
3.477 |
2.854 |
2.566 |
|
(d) Short-term
provisions |
14.525 |
84.733 |
43.264 |
|
Total Current
Liabilities (4) |
117.390 |
262.431 |
244.598 |
|
|
|
|
|
|
TOTAL |
926.766 |
935.261 |
860.977 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
238.572 |
247.911 |
248.016 |
|
(ii)
Intangible Assets |
4.685 |
4.330 |
0.138 |
|
(iii) Tangible assets capital
work-in-progress |
3.678 |
3.322 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
4.509 |
3.639 |
6.688 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
251.444 |
259.202 |
254.842 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
51.254 |
|
(b)
Inventories |
133.258 |
247.155 |
253.713 |
|
(c) Trade
receivables |
267.807 |
243.654 |
219.757 |
|
(d) Cash and
bank balances |
180.590 |
96.187 |
27.055 |
|
(e)
Short-term loans and advances |
87.576 |
79.035 |
53.984 |
|
(f) Other current
assets |
6.091 |
10.028 |
0.372 |
|
Total
Current Assets |
675.322 |
676.059 |
606.135 |
|
|
|
|
|
|
TOTAL |
926.766 |
935.261 |
860.977 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 [12 Months] |
31.03.2016 [15 Months] |
31.12.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1506.052 |
1825.145 |
1520.534 |
|
|
Other Income |
9.076 |
4.390 |
10.487 |
|
|
TOTAL |
1515.128 |
1829.535 |
1531.021 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1020.594 |
1335.020 |
1086.775 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
16.526 |
(11.200) |
16.042 |
|
|
Employee benefit expense |
113.632 |
127.618 |
89.104 |
|
|
CSR expenditure |
1.101 |
0.200 |
0.000 |
|
|
Other expenses |
116.566 |
137.901 |
146.931 |
|
|
TOTAL |
1268.419 |
1589.539 |
1338.852 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
246.709 |
239.996 |
192.169 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.592 |
4.730 |
6.882 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
245.117 |
235.266 |
185.287 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
33.563 |
43.452 |
31.825 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
211.554 |
191.814 |
153.462 |
|
|
|
|
|
|
|
Less |
TAX |
72.514 |
65.591 |
53.349 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
139.040 |
126.223 |
100.113 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
469.813 |
573.940 |
634.556 |
|
|
Earnings on other income |
5.750 |
4.530 |
2.874 |
|
|
TOTAL EARNINGS |
475.563 |
578.470 |
637.430 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
669.212 |
956.482 |
805.833 |
|
|
Components and spare
parts |
4.027 |
4.407 |
3.316 |
|
|
Capital Goods |
1.738 |
3.691 |
2.311 |
|
|
TOTAL IMPORTS |
674.977 |
964.580 |
811.460 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
128.74 |
93.50 |
92.70 |
Expected Sales (2017-2018): INR 1500.000 Million [Due to receive less
orders]
The above information has been parted by Mr. Vaibhav Gandhi [Senior Manager
in Accounts and Finance]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 [12 Months] |
31.03.2016 [15 Months] |
31.12.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
246.311 |
168.797 |
176.772 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
167.660 |
96.165 |
122.235 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 [12 Months] |
31.03.2016 [15 Months] |
31.12.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
64.90 |
48.73 |
52.75 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.62 |
7.49 |
6.92 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
35.54 |
47.80 |
66.76 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.85 |
0.97 |
0.76 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.00 |
0.94 |
0.77 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 [12 Months] |
31.03.2016 [15 Months] |
31.12.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.13 |
0.28 |
0.28 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.15 |
0.40 |
0.41 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.31 |
0.39 |
0.42 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
154.97 |
50.74 |
27.92 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 [12 Months] |
31.03.2016 [15 Months] |
31.12.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
9.23 |
6.92 |
6.58 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
15.00 |
13.50 |
11.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
17.50 |
19.25 |
16.84 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 [12 Months] |
31.03.2016 [15 Months] |
31.12.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
5.75 |
2.58 |
2.48 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
4.62 |
1.63 |
1.44 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.86 |
0.70 |
0.69 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
5.75 |
2.58 |
2.48 |
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 |
31.12.2014 |
31.03.2016 [15 Months] |
31.03.2017 [12 Months] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
108.000 |
108.000 |
108.000 |
|
Reserves & Surplus |
486.414 |
547.566 |
686.606 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
594.414 |
655.566 |
794.606 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2014 |
31.03.2016
[15
Months] |
31.03.2017
[12
Months] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1520.534 |
1825.145 |
1506.052 |
|
|
|
20.033 |
(17.483) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2014 |
31.03.2016
[15
Months] |
31.03.2017
[12
Months] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1520.534 |
1825.145 |
1506.052 |
|
Profit/ (Loss) |
100.113 |
126.223 |
139.040 |
|
|
6.58% |
6.92% |
9.23% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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% |
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 |
No |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C69131126 |
10600704 |
HDFC BANK LIMITED |
09/10/2015 |
- |
- |
150000000.0 |
LEVEL-4, ALPHA BUILDING, I THINK TECHNO PARK,LODHA COMPLEX, KANJUR MARG,MUMBAIMH400042IN |
|
2 |
C65520967 |
10593724 |
HDFC BANK LIMITED |
11/07/2015 |
- |
- |
150000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PARELMUMBAIMH400013IN |
|
3 |
C48479356 |
90158337 |
Canara Bank |
09/03/2004 |
- |
19/03/2015 |
17500000.0 |
NEHRU ROADVILE PARLEMUMBAIMH400057IN |
|
4 |
C48483473 |
90158235 |
Canara Bank |
22/09/2003 |
- |
19/03/2015 |
27500000.0 |
67;DHIRAJ BUILDING . MG ROAD ; KANDIVLIVILE PARLEMUMBAIMH400067IN |
|
5 |
C48481808 |
90156609 |
Canara Bank |
25/06/1997 |
28/01/2002 |
19/03/2015 |
3160000.0 |
67;DHIRAJ BUILDING . MG ROAD ; KANDIVLIVILE PARLEMUMBAIMH400067IN |
|
6 |
C48480065 |
10097198 |
Canara Bank |
22/02/2008 |
- |
19/03/2015 |
22500000.0 |
67 DHIRAJ BUILDING, M G ROAD, KANDIVLI (W), MUMBAI(NOW SHIFTED TO CANARA BANK VILEPARLE (E) BR.)MUMBAIMH400057IN |
|
7 |
C48478317 |
90158813 |
Canara Bank |
25/06/1997 |
17/06/2011 |
19/03/2015 |
259000000.0 |
67 DHIRAJ BUILDING, M G ROAD, KANDIVLI (W), MUMBAI(NOW SHIFTED TO CANARA BANK VILE PARLE (E), BR.MUMBAIMH400057IN |
|
8 |
C48480776 |
90155062 |
Canara Bank |
23/06/1997 |
16/06/2011 |
19/03/2015 |
259000000.0 |
67 DHIRAJ BUILDING, M G ROAD, KANDIVLI (W), MUMBAI(NOW SHIFTED TO CANARA BANK VILE PARLE (E), BR.MUMBAIMH400057IN |
|
9 |
C48482558 |
90157503 |
Canara Bank |
06/06/2000 |
- |
19/03/2015 |
1500000.0 |
67;DHIRAJ BUILDING . MG ROAD ; KANDIVLIVILE PARLEMUMBAIMH400057IN |
|
10 |
C37300597 |
10371230 |
HDFC BANK LIMITED |
25/07/2012 |
- |
16/12/2014 |
35000000.0 |
LEVEL-4, ALPHA BUILDING, I THINK TECHNO PARK,LODHA COMPLEX, KANJUR MARG,MUMBAIMH400042IN |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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 67.38 |
|
UK Pound |
1 |
INR 91.39 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
IND |
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 |
YES |
|
--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.