|
|
|
MIRA INFORM REPORT
|
Report No. : |
507773 |
|
Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
NIRYAT SAM APPARELS INDIA LIMITED |
|
|
|
|
Registered
Office : |
A-6, Connaught Place, New Delhi - 110001 |
|
Tel. No.: |
91-11-23324245/23324509 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
24.01.1994 |
|
|
|
|
Com. Reg. No.: |
55-057056 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 328.657 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1994PLC057056 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN0083F |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
· Trader of apparels · Renting of immovable property services (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 1030000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1994 and it
is having satisfactory track. For the financial year 2017, the company has marginal increased its
revenue from operation and reported decent profitability margin of 30.50%. The company has sound financial base, comfortable capital structure
along with debt free balance sheet. Further, rating also derives strength partially offset by low reserves
position recorded during the year and intense competition from the industry. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2018.
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 12.05.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. N.P. Pandey |
|
Designation : |
Senior Manager |
|
Contact No.: |
91-11-23324245 |
|
Date : |
08.05.2018 |
LOCATIONS
|
Registered Office : |
A-6, Connaught Place, New Delhi – 110001, India |
|
Tel. No.: |
91-11-23324245/23324509 |
|
Fax No.: |
91-11-23325128/ 23324773 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Subodh Kumar Jain |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
36, Golf Links, New Delhi-110003, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.04.1952 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.03.1995 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00031010 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mrs. Shrija Jain |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
36, Golf Links, New Delhi-110003, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.12.1955 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.10.2004 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00031038 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Shubhra Jain |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
36, Golf Links, New Delhi-110003, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.06.1984 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.02.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00250800 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Sneha Jain |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
36, Golf Links, New Delhi-110003, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.02.1987 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.02.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00253378 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AFUPJ7833D |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Tayur Narasingarao Raghavendra Rao |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B-46, First Floor, Defence Colony, New Delhi-110024, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.10.1936 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2015 |
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|
DIN No.: |
01230757 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Dinesh Ajmera |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
179-B Dda SFS Flats, Sheikh Sarai, Phase-I, New Delhi-110017,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.08.1952 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03055166 |
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KEY EXECUTIVES
|
Name : |
Mr. Tajender Kumar |
|
Designation : |
Company Secretary |
|
Address : |
A-63, Radhey Shyam Park Extension, Parwana Road Krishna Nagar, New Delhi-110051, India |
|
Date of Appointment : |
14.10.2015 |
|
PAN No.: |
ASOPK8023B |
|
|
|
|
Name : |
Ms. Sneha Jain |
|
Designation : |
Director |
|
Address : |
36, Golf Links, New Delhi-110003, India |
|
Date of Birth/Age : |
07.02.1987 |
|
Date of Appointment : |
27.08.2014 |
|
PAN No.: |
AFUPJ7833D |
|
|
|
|
Name : |
Mr. N.P. Pandey |
|
Designation : |
Senior Manager |
MAJOR SHAREHOLDERS
As on 29.09.2017
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
89.73 |
|
Promoters (Body corporate) |
2.91 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
5.54 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Non-resident Indian (NRI)) |
1.67 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Trader of apparels · Renting of immovable property services (Registered Activity) |
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|
|
|
||||||||
|
Products / Services
: |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Available |
||||||||
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|
|
||||||||
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Agencies Held : |
Not Available |
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|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Shanti Prashad and Company Chartered Accountants |
|
Address : |
M – 96, Connaught Place, New Delhi-110001, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAZFS2102G |
|
|
|
|
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: |
Siddhomal and Sons (HUF) |
|
|
|
|
Associates : |
· South Asia Gas Enterprise Private Limited CIN No.: U70200DL2005PTC142714 · Powrtec Energy Private Limited CIN No.: U40107DL2010PTC203108 |
|
|
|
|
Other related
parties : |
· Siddho Mal Air Products Private Limited · Sitashri Trading and Finance Private Limited · West Asia Gas Enterprises Private Limited · SMS Natural Resources Private Limited · Siddhomal and Sons · Inox Air Products Private Limited · Chandra Finance · Siddhomal Agencie |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
2500000 |
Preference Shares |
INR 100/- each |
INR 250.000 Million |
|
|
Total |
|
INR 350.000
Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7950000 |
Equity Shares |
INR 10/- each |
INR 79.500 Million |
|
2500000 |
Preference Shares |
INR 100/- each |
INR 250.000 Million |
|
|
Total |
|
INR 329.500
Million |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7770600 |
Equity Shares |
INR 10/- each |
INR 77.706 Million |
|
2500000 |
Preference Shares |
INR 100/- each |
INR 250.000 Million |
|
|
Total |
|
INR 327.706
Million |
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
2500000 |
8% Cumulative Redeemable Preference Shares |
INR 100/- each |
INR 250.000 Million |
|
|
Total |
|
INR 350.000
Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7950000 |
Equity Shares |
INR 10/- each |
INR 79.500 Million |
|
2500000 |
8% Cumulative Redeemable Preference Shares |
INR 100/- each |
INR 250.000 Million |
|
|
Total |
|
INR 329.500
Million |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7770600 |
Equity Shares |
INR 10/- each |
INR 77.706 Million |
|
|
Calls unpaid |
|
INR 1.022 Million |
|
2500000 |
8% Cumulative Redeemable Preference Shares |
INR 100/- each |
INR 250.000 Million |
|
|
Total |
|
INR 328.728
Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
328.657 |
328.657 |
328.657 |
|
(b) Reserves and Surplus |
30.450 |
12.627 |
(14.677) |
|
(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) |
359.107 |
341.284 |
313.980 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.140 |
0.225 |
0.000 |
|
(c) Other long-term
liabilities |
21.257 |
21.257 |
21.257 |
|
(d) long-term
provisions |
0.179 |
0.146 |
0.155 |
|
Total Non-current
Liabilities (3) |
21.576 |
21.628 |
21.412 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
0.997 |
0.447 |
0.490 |
|
(c) Other
current liabilities |
1.029 |
0.724 |
10.563 |
|
(d) Short-term
provisions |
6.650 |
17.404 |
9.559 |
|
Total Current
Liabilities (4) |
8.676 |
18.575 |
20.612 |
|
|
|
|
|
|
TOTAL |
389.359 |
381.487 |
356.004 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
56.052 |
58.342 |
58.356 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
292.173 |
265.875 |
244.025 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.423 |
0.860 |
0.860 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
348.648 |
325.077 |
303.241 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
4.254 |
6.577 |
5.038 |
|
(b)
Inventories |
0.166 |
0.142 |
0.002 |
|
(c) Trade
receivables |
0.206 |
0.008 |
0.000 |
|
(d) Cash and
bank balances |
7.392 |
6.909 |
11.472 |
|
(e)
Short-term loans and advances |
28.693 |
42.774 |
36.251 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
40.711 |
56.410 |
52.763 |
|
|
|
|
|
|
TOTAL |
389.359 |
381.487 |
356.004 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
1.347 |
1.646 |
1.524 |
|
|
Other Income |
57.100 |
54.694 |
54.424 |
|
|
TOTAL |
58.447 |
56.340 |
55.948 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
1.100 |
1.495 |
1.232 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.024) |
(0.139) |
0.019 |
|
|
Employee benefit expense |
4.710 |
4.270 |
1.450 |
|
|
Other expenses |
21.481 |
13.174 |
8.930 |
|
|
TOTAL |
27.267 |
18.800 |
11.631 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
31.180 |
37.540 |
44.317 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.016 |
0.008 |
0.009 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
31.164 |
37.532 |
44.308 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.672 |
2.503 |
3.065 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
28.492 |
35.029 |
41.243 |
|
|
|
|
|
|
|
Less |
TAX |
10.668 |
7.725 |
9.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
17.823 |
27.304 |
31.943 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.29 |
3.51 |
4.11 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(25.751) |
(26.443) |
36.535 |
|
Net cash flows from (used in) operating activities |
(33.999) |
(33.350) |
28.972 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
55.82 |
1.77 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.54 |
205.75 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
330.82 |
109.13 |
145.17 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
187.83 |
264.37 |
22158.50 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.56 |
0.64 |
0.76 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.02 |
0.05 |
0.06 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.02 |
0.05 |
0.07 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.16 |
0.17 |
0.19 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1948.75 |
4692.50 |
4924.11 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1323.16 |
1658.81 |
2096.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.58 |
7.16 |
8.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.96 |
8.00 |
10.17 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
4.69 |
3.04 |
2.56 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
4.67 |
3.03 |
2.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.92 |
0.89 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
4.69 |
3.04 |
2.56 |
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 |
328.657 |
328.657 |
328.657 |
|
Reserves & Surplus |
(14.677) |
12.627 |
30.450 |
|
Net
worth |
313.980 |
341.284 |
359.107 |
|
|
|
|
|
|
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
55.948 |
56.340 |
58.447 |
|
|
|
0.701 |
3.740 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
55.948 |
56.340 |
58.447 |
|
Profit |
31.943 |
27.304 |
17.824 |
|
|
57.09% |
48.46% |
30.50% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
No |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS:
In the year 2016-2017 the turnover and net profit achieved by the company was INR 58.447 Million and INR 17.824 Million respectively. Since inception the company has accumulated losses in its books and all such losses were fully recovered at the end of the previous financial year and thereafter no losses are being carried forward now. Like in the previous years, the main source of Company’s revenue continued to be from leasing out of its immovable properties located at NOIDA, U.P. Like in the previous year, in the current year also the company has undertaken some trading activities in apparels and has evaluated other options for sustainable future growth of its businesses. The initiatives taken by the company in the previous year in which it has facilitated sale of apparels designed by reputed designers in the country are being continued and it has yielded the desired results.
The company had 8% cumulative Redeemable Preference Shares of Rs.2500 lakhs after extension of their period of redemption these are due for redemption in the year 2020. These shares can be redeemed out of distributable profits of the company or out of the proceeds of a fresh issue of shares made for the purpose of redemption. The company does not have distributable profits to the extent of the shares to be redeemed in its books at present and there are no plans for issue of further shares at present. In view of this, with the consent of all the cumulative Redeemable Preference Shareholders, their period of redemption was extended. Considering the financial position of the company, the preference shareholders have also waived preference dividend payable on the same accordingly no dividend has been provided for these shares by the company.
INDEX
OF CHARGES: NO CHARGES EXISTS FOR COMPANY
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and equipment
- Vehicles
- Office equipment
- Motor vehicles
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 91.09 |
|
Euro |
1 |
INR 79.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.
·