|
|
|
MIRA INFORM REPORT
|
Report No. : |
508107 |
|
Report Date : |
11.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
MUTUAL INDUSTRIES LIMITED (w.e.f.26.04.2005) |
|
|
|
|
Formerly Known
As : |
MUTUAL MECAPLAST
LIMITED |
|
|
|
|
Registered Office
: |
9, Ehara Industrial Complex, Village Waliv, Vasai (East), District
Thane - 401202, Maharashtra |
|
Tel. No.: |
91-22-66895300 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.09.1990 |
|
|
|
|
Com. Reg. No.: |
11- 058368 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 56.432 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1990PLC058368 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM3522G |
|
|
|
|
TIN No.: |
27820017151 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACM3522G1ZT |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
· Manufacturer and Supplier of Plastic Auto Mould and Non-Auto Mould Compound and House Hold Appliances, etc. and also Exporter of Finished Goods and Importer of Raw Material. [Confirmed by Management] · Manufacturer and Dealer of all kinds and types of Plastics, Polymers, Industry Styrene, Polystyrene, Polyethylene, Polyolefines, Vinyl Chloride, Poly Vinyl Chloride, Vinyl acetate and co-polymers. [Registered Activity] |
|
|
|
|
No. of Employees
: |
940 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
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|
|
Comments : |
Mutual Industries Limited was incorporated in the year 1990 and has
its base in Thane (Maharashtra). It is well established company having
excellent track record. It is manufacturer and supplier of Plastic Auto Mould and Non-Auto
Mould Compound and House Hold Appliances etc. The subject's customer includes, Denso, Mahindra, Godrej, Tata, Fiat
etc. For the financial year 2017, the company has achieved 5.74% growth in
its revenue as compared to previous year revenue and has maintained decent
profitability margin of 10.90% during the year under review. The healthy financial profile of the company is marked by strong
networth base along with negligible debt level. The company has favourable Earning per Share (EPS) of INR 60.49 against
a face value (FV) of INR 10. The rating takes into consideration the subject’s long established
track record of the business operations along with extensive experience of
its promoters. Business is active. Payment seems to be regular. In view of long standing record and the financials, the company can be
considered normal for business dealings at usual trade terms and conditions. Note: As per
information gathered from other sources National Company Law Tribunal (NCLT)
has approved the scheme of arrangement to demerger the auto- components and
moulds (Engineering and Tooling) business into separate companies while
retaining the industrial components business with itself. The latest update
for the same is not available. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
15.03.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
15.03.2018 |
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 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. Rahul Bani |
|
Designation : |
Manager |
|
Contact No.: |
91-8983045635 |
|
Date : |
10.05.2018 |
LOCATIONS
|
Registered Office : |
9, Ehara Industrial Complex, Village Waliv, Vasai (East), District
Thane - 401202, Maharashtra, India |
|
Tel. No.: |
91-22-26834763 |
|
Mobile No.: |
91-8983045635 [Mr. Rahul Bani] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office
: |
601, Dev Plaza, 6th Floor, Opposite Andheri Fire Brigade, S.V. Road,
Andheri (West), Mumbai - 400058, Maharashtra, India |
|
Tel. No.: |
91-22-66895300 |
|
Fax No.: |
91-250-2454047 /66895311 |
|
|
|
|
Manufacturing
Facility 1: |
Survey No. 546/4 and 546/5 Part, Malthan Road, Village Shikrapur,
Taluka Shirur, District Pune - 412 210, Maharashtra, India |
|
Tel. No.: |
91- 2137-669800 |
|
|
|
|
Manufacturing
Facility 2: |
Plot No. 90, 99-107, 112-113, B.U.Bhandari Industrial Estate,
Sanaswadi, Taluka Shirur, District Pune - 412208, Maharashtra, India |
|
Tel. No.: |
91-2137-669600 / 609 |
|
|
|
|
Manufacturing
Facility 3: |
Plot No. 3 and 4, opp. Dadra Check Post, Village Dadra, Silvassa - 396
191, Dadra and Nagar Haveli, India |
|
Tel. No.: |
91-260-6134100 |
|
|
|
|
Manufacturing
Facility 4: |
Plot No. 18, Sector 11, Khasra No. 423, II-E - Pantnagar, District -
Rudrapur - 263 153, Uttarakhand, India |
|
Tel. No.: |
91- 5944-662700 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Balkrishna Patwardhan |
|
Designation : |
Director |
|
Address : |
3,Unmesh, N.P. Thakkar Road Vile Parle (East), Mumbai -400057,
Maharashtra, India |
|
Date of Birth/Age : |
18.12.1941 |
|
Qualification : |
Master in Economics |
|
Date of Appointment : |
14.03.2011 |
|
DIN No.: |
00147084 |
|
|
|
|
Name : |
Mr. Jayasinh Vallabhdas Mariwala |
|
Designation : |
Director |
|
Address : |
Sudha Kunj 3, Tardeo Road, Mumbai -400034, Maharashtra, India |
|
Date of Birth/Age : |
09.07.1933 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
05.03.2002 |
|
DIN No.: |
00182835 |
|
|
|
|
Name : |
Mr. Boman Moradian |
|
Designation : |
Director |
|
Address : |
M. Cama Park, K - 3/64, Cama Road, Off S V Road, Andheri (West),
Mumbai 400058, Maharashtra, India |
|
Date of Appointment : |
30.07.2016 |
|
DIN No.: |
00242123 |
|
|
|
|
Name : |
Mr. Dharmendra Kantilal Gandhi |
|
Designation : |
Managing Director |
|
Address : |
Krishna, 5th Floor, Friends Scty, Plot 27, N.S. Road 6, Jvpd Scheme,
Vileparle (West), Mumbai -400056, Maharashtra, India |
|
Date of Birth/Age : |
18.05.1957 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
28.09.1990 |
|
PAN No.: |
AABPG4861G |
|
DIN No.: |
01254714 |
|
|
|
|
Name : |
Mr. Harin Kiritkumar Gandhi |
|
Designation : |
Wholetime Director |
|
Address : |
401, 4th Dev Residency, Jvpd Schme, N. S. Road No.4, Vile Parle West Mumbai
- 400056, Maharashtra, India |
|
Date of Birth/Age : |
19.11.1968 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
14.03.2011 |
|
PAN No.: |
AACPG4824E |
|
DIN No.: |
03477195 |
|
|
|
|
Name : |
Mr. Dhrumil Jayantilal Gandhi |
|
Designation : |
Wholetime Director |
|
Address : |
G-2,Ground Floor, Ruby Apartment A-Presidency Co-Operative Society
Limited, Flat No.51,Jvpd Scheme Mumbai - 400052, Maharashtra, India |
|
Date of Birth/Age : |
14.10.1970 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
14.03.2011 |
|
PAN No.: |
AACPG4822C |
|
DIN No.: |
03560719 |
KEY EXECUTIVES
|
Name : |
Mr. Jinesh Jyotindra Shah |
|
Designation : |
Company Secretary |
|
Address : |
8A/303 Akashdeep CHS, Damodar Park L.B.S. Marg, Ghatkopar West Mumbai
- 400086, Maharashtra, India |
|
Date of Appointment : |
02.06.2003 |
|
PAN No.: |
AOWPS0599A |
|
|
|
|
Name : |
Mr. Apurva Kiritkumar Gandhi |
|
Designation : |
Chief Finance Officer |
|
Address : |
201/B, Juhu Sai Darshan, Gulmohar Cross Road No. 5 Jvpd, Vile Parle
(West) Mumbai -400049, Maharashtra, India |
|
Date of Appointment : |
29.09.2014 |
|
PAN No.: |
AACPG4823D |
|
|
|
|
Name : |
Mr. Rahul Bani |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Dharmendra K. Gandhi |
|
1088539 |
|
Mala D. Gandhi |
|
566599 |
|
Uchit D. Gandhi |
|
319982 |
|
Hemit D. Gandhi |
|
282160 |
|
Dhirajbala K. Gandhi |
|
564320 |
|
Apurva K. Gandhi |
|
564320 |
|
Harin K. Gandhi |
|
564320 |
|
Kanchan J. Gandhi |
|
846480 |
|
Akash D. Gandhi |
|
846480 |
|
|
|
|
|
Total |
|
5643200 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Manufacturer and Supplier of Plastic Auto Mould and Non-Auto Mould Compound and House Hold Appliances, etc. and also Exporter of Finished Goods and Importer of Raw Material. [Confirmed by Management] · Manufacturer and Dealer of all kinds and types of Plastics, Polymers, Industry Styrene, Polystyrene, Polyethylene, Polyolefines, Vinyl Chloride, Poly Vinyl Chloride, Vinyl acetate and co-polymers. [Registered Activity] |
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Products : |
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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 : |
· Italy · France · Russia, tec. |
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|
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Imports : |
|
||||||||
|
Products : |
Raw Material |
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|
Countries : |
· Italy · USA · Germany |
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Terms : |
|
||||||||
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Selling : |
Advance Cheque and Credit [30 Days] |
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|
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Purchasing : |
Advance Cheque and Credit [30 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
· Denso · Godrej |
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|
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|
No. of Employees : |
940 (Approximately) |
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Bankers : |
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Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Kamdar Desai and Patel Chartered Accountants |
|
Address : |
D/2/3 Nutan Jeewan Co Operating Housing Society, Kripa Nagarira S V Road, Vile Parle (West), Mumbai-400054, Maharashtra, India |
|
PAN No.: |
AAAFK6984H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives: |
Shreeji Engineering |
|
|
|
|
Subsidiary company
: |
Mutual Styl Monde Private Limited |
|
|
|
|
Associate
company : |
Mudra Enterprises LLP |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5643200 |
Equity Shares |
INR 10/- each |
INR 56.432
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
56.432 |
59.682 |
59.682 |
|
(b) Reserves and Surplus |
1529.084 |
1384.516 |
1266.364 |
|
(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) |
1585.516 |
1444.198 |
1326.046 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
247.330 |
135.536 |
249.802 |
|
(b) Deferred tax liabilities (Net) |
54.959 |
70.575 |
83.632 |
|
(c) Other long-term
liabilities |
0.578 |
2.230 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
302.867 |
208.341 |
333.434 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
150.000 |
124.995 |
144.515 |
|
(b) Trade payables |
588.366 |
604.193 |
497.605 |
|
(c) Other
current liabilities |
160.305 |
397.292 |
398.752 |
|
(d) Short-term
provisions |
0.000 |
12.150 |
14.381 |
|
Total Current
Liabilities (4) |
898.671 |
1138.630 |
1055.253 |
|
|
|
|
|
|
TOTAL |
2787.054 |
2791.169 |
2714.733 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
997.776 |
1336.317 |
1372.505 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets capital
work-in-progress |
3.248 |
6.447 |
3.695 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
300.900 |
1.300 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
19.782 |
21.447 |
20.165 |
|
(e) Other
Non-current assets |
0.028 |
2.632 |
7.633 |
|
Total Non-Current
Assets |
1321.734 |
1368.143 |
1403.998 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
528.208 |
522.982 |
312.764 |
|
(b)
Inventories |
335.533 |
303.277 |
446.507 |
|
(c) Trade
receivables |
442.289 |
481.277 |
427.494 |
|
(d) Cash and
bank balances |
44.504 |
23.431 |
13.586 |
|
(e)
Short-term loans and advances |
114.786 |
92.059 |
110.384 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1465.320 |
1423.026 |
1310.735 |
|
|
|
|
|
|
TOTAL |
2787.054 |
2791.169 |
2714.733 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3307.661 |
3127.963 |
2515.436 |
|
|
Other Income |
56.169 |
30.158 |
25.556 |
|
|
TOTAL |
3363.830 |
3158.121 |
2540.992 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1648.324 |
1562.441 |
1457.188 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
177.899 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(14.792) |
139.653 |
(163.806) |
|
|
Employee benefit expense |
324.589 |
311.261 |
236.807 |
|
|
CSR expenditure |
7.900 |
1.986 |
1.400 |
|
|
Other expenses |
685.903 |
555.354 |
440.504 |
|
|
TOTAL |
2651.924 |
2570.695 |
2149.992 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
711.906 |
587.426 |
391.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
38.964 |
48.114 |
63.846 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
672.942 |
539.312 |
327.154 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
166.000 |
211.033 |
213.026 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
506.942 |
328.279 |
114.128 |
|
|
|
|
|
|
|
Less |
TAX |
146.383 |
102.210 |
10.744 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
360.559 |
226.069 |
103.384 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
60.49 |
37.88 |
17.32 |
|
PARTICULARS |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
3000.000 |
|
|
|
|
[Due to business
growth] |
The above information has been parted by M. Rahul Bari [Manager]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
90.089 |
179.653 |
143.571 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
219.116 |
750.436 |
448.838 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
157.295 |
638.615 |
418.474 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
48.81 |
56.16 |
62.03 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.48 |
6.50 |
5.88 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
130.29 |
141.14 |
111.08 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.12 |
1.94 |
0.88 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.71 |
0.44 |
0.28 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.44 |
0.52 |
0.53 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.31 |
0.30 |
0.41 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.57 |
0.79 |
0.80 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.63 |
0.93 |
1.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
18.27 |
12.21 |
6.12 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
10.90 |
7.23 |
4.11 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.94 |
8.10 |
3.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.74 |
15.65 |
7.80 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.63 |
1.25 |
1.24 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.26 |
0.98 |
0.82 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.57 |
0.52 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
8.64 |
7.38 |
9.01 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.63 |
1.25 |
1.24 |
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 |
59.682 |
59.682 |
56.432 |
|
Reserves & Surplus |
1266.364 |
1384.516 |
1529.084 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1326.046 |
1444.198 |
1585.516 |
|
|
|
|
|
|
Long-term borrowings |
249.802 |
135.536 |
247.329 |
|
Short term borrowings |
144.515 |
124.995 |
150.000 |
|
Current maturities of
long-term debts |
143.571 |
179.653 |
90.089 |
|
Total
borrowings |
537.888 |
440.184 |
487.418 |
|
Debt/Equity
ratio |
0.406 |
0.305 |
0.307 |
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 |
2515.436 |
3127.963 |
3307.661 |
|
|
|
24.351 |
5.745 |
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 |
2515.436 |
3127.963 |
3307.661 |
|
Profit/ (Loss) |
103.384 |
226.069 |
360.559 |
|
|
4.11
% |
7.23
% |
10.90
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
56.432 |
59.682 |
|
(b) Reserves and Surplus |
|
1527.015 |
1382.551 |
|
(c) Money
received against share warrants |
|
0.700 |
0.700 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
1584.147 |
1442.933 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
247.329 |
135.535 |
|
(b) Deferred tax liabilities (Net) |
|
54.959 |
70.575 |
|
(c) Other long-term
liabilities |
|
0.579 |
2.230 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
302.867 |
208.340 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
150.000 |
124.995 |
|
(b) Trade
payables |
|
588.678 |
604.328 |
|
(c) Other
current liabilities |
|
160.309 |
397.294 |
|
(d) Short-term
provisions |
|
0.000 |
12.150 |
|
Total Current
Liabilities (4) |
|
898.987 |
1138.767 |
|
|
|
|
|
|
TOTAL |
|
2786.001 |
2790.040 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
997.776 |
1336.317 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
3.248 |
6.447 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
299.600 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
19.857 |
21.512 |
|
(e) Other
Non-current assets |
|
0.028 |
2.632 |
|
Total Non-Current
Assets |
|
1320.509 |
1366.908 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
528.207 |
522.982 |
|
(b)
Inventories |
|
335.533 |
303.277 |
|
(c) Trade
receivables |
|
442.548 |
481.290 |
|
(d) Cash and
bank balances |
|
45.552 |
25.012 |
|
(e)
Short-term loans and advances |
|
113.652 |
90.571 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
1465.492 |
1423.132 |
|
|
|
|
|
|
TOTAL |
|
2786.001 |
2790.040 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
3312.535 |
3127.975 |
|
|
Other Income |
|
56.172 |
30.158 |
|
|
TOTAL |
|
3368.707 |
3158.133 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1650.585 |
1562.453 |
|
|
Employee benefit expense |
|
313.568 |
303.561 |
|
|
Other expenses |
|
690.351 |
706.658 |
|
|
TOTAL |
|
2654.504 |
2572.672 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
714.203 |
585.461 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
38.964 |
48.114 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
675.239 |
537.347 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
166.000 |
211.033 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
509.239 |
326.314 |
|
|
|
|
|
|
|
Less |
TAX |
|
146.383 |
102.210 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
362.856 |
224.104 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
64.30 |
37.55 |
LEGAL CASES
CASE STATUS
|
Case Details |
|
|
Case Type |
Spl.Civ.Suit |
|
Filing No. |
206091/2010 Filing
date: 12-10-2010 |
|
Registration No. |
202469/2010
Registration date: 23-11-2010 |
|
Case code |
202902060912010 |
|
|
|
|
CASE STATUS |
|
|
First Hearing Date |
23-11-2010 |
|
Next Hearing Date |
28-10-2014 |
|
Purpose of Hearing |
Evidence Part Heard |
|
Court No & Judge |
30 - 8TH JT CJSD AND CMFC PUNE |
|
|
|
|
Petitioner(s) & Advocate(s) |
|
|
Petitioner - Ms Siddhivinayak Aesthetics
Pvt. Ltd. |
|
|
Respondent(s) & Advocate(s) |
|
|
Respondent - Ms Mutual Industries Ltd. |
|
|
ACTS |
|
|
Under Act(s) |
--- |
|
Under Section(s) |
--- |
|
Subject |
|
|
|
|
|
LOWER COURT INFORMATION |
|
|
Court No & Name |
--- |
|
Case No & Year |
--- |
|
Case Decision Date |
--- |
|
History Of Case Hearing |
||||
|
Regn. No. |
Judge |
Bussiness on Date |
Hearing Date |
Purpose of Hearing |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
23-11-2010 |
Awaiting Summons |
|
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
23-11-2010 |
05-04-2011 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
05-04-2011 |
28-04-2011 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
28-04-2011 |
15-06-2011 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
15-06-2011 |
30-07-2011 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
30-07-2011 |
11-11-2011 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
11-11-2011 |
19-11-2011 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
19-11-2011 |
04-01-2012 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
04-01-2012 |
14-02-2012 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
14-02-2012 |
17-03-2012 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
17-03-2012 |
07-04-2012 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
07-04-2012 |
11-06-2012 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
11-06-2012 |
04-07-2012 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
04-07-2012 |
10-07-2012 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
10-07-2012 |
26-07-2012 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
26-07-2012 |
10-08-2012 |
Awaiting Summons |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
10-08-2012 |
24-09-2012 |
Argument on Exh.____Unready |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
24-09-2012 |
10-10-2012 |
Argument on Exh.____Unready |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
10-10-2012 |
05-11-2012 |
Argument on Exh.____Unready |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
05-11-2012 |
21-11-2012 |
Order on Exh |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
21-11-2012 |
07-12-2012 |
Order on Exh |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
07-12-2012 |
13-12-2012 |
Order on Exh |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
13-12-2012 |
07-01-2013 |
Order on Exh |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
07-01-2013 |
08-01-2013 |
Order on Exh |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
08-01-2013 |
09-01-2013 |
Order on Exh |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
09-01-2013 |
01-02-2013 |
Issues |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
01-02-2013 |
02-03-2013 |
Issues |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
02-03-2013 |
03-03-2013 |
Issues |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
03-03-2013 |
04-04-2013 |
Issues |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
04-04-2013 |
30-04-2013 |
Issues |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
30-04-2013 |
12-07-2013 |
Issues |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
12-07-2013 |
17-07-2013 |
Issues |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
17-07-2013 |
26-07-2013 |
Issues |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
26-07-2013 |
23-08-2013 |
Issues |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
23-08-2013 |
06-09-2013 |
Issues |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
06-09-2013 |
09-10-2013 |
Issues |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
09-10-2013 |
24-10-2013 |
Issues |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
24-10-2013 |
18-11-2013 |
Hearing |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
18-11-2013 |
19-12-2013 |
Hearing |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
19-12-2013 |
15-01-2014 |
Hearing |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
15-01-2014 |
24-01-2014 |
Hearing |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
24-01-2014 |
29-01-2014 |
Hearing |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
29-01-2014 |
17-02-2014 |
Evidence Part Heard |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
17-02-2014 |
25-03-2014 |
Evidence Part Heard |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
25-03-2014 |
19-04-2014 |
Evidence Part Heard |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
19-04-2014 |
14-06-2014 |
Evidence Part Heard |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
14-06-2014 |
11-07-2014 |
Evidence Part Heard |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
11-07-2014 |
24-07-2014 |
Evidence Part Heard |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
24-07-2014 |
11-08-2014 |
Evidence Part Heard |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
11-08-2014 |
02-09-2014 |
Evidence Part Heard |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
02-09-2014 |
12-09-2014 |
Evidence Part Heard |
|
202469/2010 |
8TH JT CJSD AND CMFC PUNE |
12-09-2014 |
28-10-2014 |
Evidence Part Heard |
|
Writ Information |
|||
|
Regn. No. |
Appellate Case No. |
Appellate Authority |
Date of Receipt |
|
Case Transfer Details Between The Courts |
|||
|
Regn. No. |
Transfer Date |
From Court No |
To Court No |
Industrial Court,
Pune
Case Details
Case Type: Complaint ULP
Filing Number: 5000631/2016Filing Date: 20-06-2016
Registration No.: 5000118/2016Registration Date: 20-06-2016
CNR NO: MHIC12-000903-2015
Case Status
First Hearing Date: 30th
June 2016
Next Hearing Date: 19th July
2016
Stage of Case: Say and W.S.
Court No. and Judge: 2-Member Industrial Court, Pune
Petitioner
and Advocate
1) Pune
Zillha Mazdoor Sangh
Address - Through Its joint Secretary, Shri. Balasaheb
Tukaram Bhujbal, 185, Shaniwar Peth, Pune 411030
Advocate- R. P. Shaligram
Respondent and Advocate
1) M/s. Mutual Industries Ltd.,
Address - Gat No. 546/4, Malthan Phata,
Malthan-Ganegaon Road, Village Shikrapur, Tal. Shirur, Dist. Pune
412208
Advocate - R. M. Nirmal
Acts
|
Under Act(s) |
Under Section(s) |
|
Maharashtra Recognition of Trade Union And Prevention of Unfair Labour Practices Act, 1971 |
28(1) |
|
History of Case Hearing |
|
|
Registration No. |
Judge |
Business On Date |
Hearing Date |
Purpose of hearing |
|
5000118/2016 |
Member Industrial Court, Pune |
19-07-2016 |
Say and W.S. |
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G78639333 |
100158603 |
HDFC BANK LIMITED |
08/02/2018 |
- |
- |
823150000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
2 |
C05261862 |
10436882 |
AXIS TRUSTEE SERVICES LIMITED |
01/07/2013 |
08/03/2014 |
- |
1963420000.0 |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND,PANDURANG BUDHKAR MARG, WORLI,MUMBAIMH400025IN |
|
3 |
C16235186 |
10054488 |
CITIBANK N.A. |
28/02/2007 |
- |
01/08/2014 |
135000000.0 |
BIRLA TOWER, 3RD FLOOR, WEST WING,25 BARAKHAMBA ROAD, CONNAUGHT PLACE,NEW DELHIDL110001IN |
|
4 |
C16197154 |
10324570 |
YES BANK LIMITED |
24/11/2011 |
26/09/2012 |
31/07/2014 |
200000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
5 |
C16193229 |
10383054 |
YES BANK LIMITED |
21/02/2012 |
- |
31/07/2014 |
150000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA,DR. A B ROAD, WORLIMUMBAIMH400018IN |
|
6 |
C13988902 |
10339892 |
AXIS BANK LIMITED |
21/02/2012 |
10/04/2012 |
08/07/2014 |
100000000.0 |
CORPORATE BANKING BR.,214-215 CITY MALL,2ND FLOORPLOT NO.1,S.NO.132,GANESH KHIND ROADPUNEMH411007IN |
|
7 |
C13991435 |
10277680 |
AXIS BANK LIMITED |
14/02/2011 |
10/04/2012 |
08/07/2014 |
150000000.0 |
CORPORATE BANKING BR.,214-215 CITY MALL,2ND FLOORPLOT NO.1,S.NO.132,GANESH KHIND ROADPUNEMH411007IN |
|
8 |
C06049415 |
10386835 |
HDFC BANK LIMITED |
26/09/2012 |
- |
11/06/2014 |
250000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
C06609218 |
10208192 |
ST HELEN'S NOMINEES INDIA PRIVATE LIMITED |
10/03/2010 |
04/03/2011 |
11/06/2014 |
200000000.0 |
CHARTERED BANK BLDG23-25 M G ROADFORTMUMBAIMH400001IN |
|
10 |
C06245807 |
10236757 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
10/08/2010 |
03/08/2011 |
06/06/2014 |
100000000.0 |
ONE FORBESDR V B GANDHI MARG,FORTMUMBAIMH400001IN |
FINANCIAL PERFORMANCE
The Company continues to grow steadily, both in terms of business and earnings. Aimed optimism and rising business sentiments, the Company reported significant profit as compared with the previous year, and 5.74 % increase in total revenue. The gross revenue from operations stood at INR 3307.661 Million compared with INR 3127.963 Million in the previous year. The net profit for the year stood at INR 360.559 Million against INR 226.069 Million reported in the previous year.
The macro operating environment improved marginally, with automotive export and domestic Volumes showing nominal growth. Mutual Industries Limited recorded a growth in turnover as compared to last year.
There was no change in nature of the business of the Company, during the year.
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 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 : |
RUB |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.