|
|
|
%20LIMITED%20-%20507810%2014-May-2018_files/image015.jpg){kind=small}
%20LIMITED%20-%20507810%2014-May-2018_files/image016.jpg)
%20LIMITED%20-%20507810%2014-May-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
507810 |
|
Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KAYBEE INDUSTRIAL ALLOYS (PRIVATE) LIMITED |
|
|
|
|
Registered
Office : |
8, Bentinck Street, Mezzanine Floor,
Kolkata – 700001, West Bengal |
|
Tel. No.: |
91-33-22103032 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
03.05.1988 |
|
|
|
|
Com. Reg. No.: |
21-044318 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 13.328 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109WB1988PTC044318 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
19470551011 |
|
|
|
|
CST No.: |
19470551205 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19AABCK1884A1ZQ |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK1884A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, exporter and importer of ferro alloys. [Registered activity and also confirmed by management] |
|
|
|
|
No. of Employees
: |
30 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 1988 and is a trader, exporter and importer of ferro alloys. For the financial year 2017, the company achieved revenue growth of 21.27% as compared to the previous year along with an average profit margin of 3.50%. Rating takes into consideration the strong financial risk profile of the company marked by adequate net worth base and negligible debt balance sheet profile of the subject. Rating also takes into account the subject’s long established track record of business operations along with extensive experience of its promoters. Payment seems to be slow but correct. In view of long track record of business operations, the company can be considered for business dealings with 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 |
CRISIL |
|
Rating |
Long Term Borrowing (Issuer Non Cooperating) = BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
19.03.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Borrowing (Issuer Non Cooperating) = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
19.03.2018 |
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 14.05.2018
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. R. S. Pandey |
|
Designation : |
Accountant |
|
Contact No.: |
91-9433108321 |
|
Date : |
08.05.2018 |
LOCATIONS
|
Registered / Head Office : |
8, Bentinck Street, Mezzanine
Floor, Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-22103032 91- 2210-3032/5740, 2242-7271/7275 |
|
Mobile No.: |
91-9433108321 (91-9433108321) |
|
Fax No.: |
91-33-22430908 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Corporate Office 1 : |
33, C.R. Avenue, 5th Floor, Kolkata – 700012, West Bengal, India |
|
Tel. No.: |
91-33-40009400/ 418 |
|
Fax No.: |
91-33-40009419 |
|
E-Mail : |
|
|
|
|
|
Corporate Office 2 : |
Prakash Complex, Godown No. 8, Near Vyas Talab, Bhanpuri, Birgaon, Raipur-493221, Chhattisgarh, India |
|
|
|
|
Corporate Office 3 : |
Sadan Flat No. 506, 5th Floor, 84, Broach Street, Masjit
Bunder East, Chinch Bundar, Mumbai – 400509, Maharashtra, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Vinod Mahipal |
||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||
|
Address : |
P 198, Block A, Lake Town, Kolkata - 700089, West Bengal, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.02.1967 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
03.05.1988 |
||||||||||||||||||||||||||||
|
PAN No.: |
AEKPM9833R |
||||||||||||||||||||||||||||
|
DIN No.: |
00840580 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Manoj Mahipal |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
P 198, Block A, Lake Town, Kolkata - 700089, West Bengal, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.09.1972 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.08.1997 |
||||||||||||||||||||||||||||
|
PAN No.: |
ADXPM9767A |
||||||||||||||||||||||||||||
|
DIN No.: |
00840608 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mr. Pawan Mahipal |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
P 198, Block A, Lake Town, Kolkata - 700089, West Bengal, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1975 |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2002 |
||||||||||||||||||||||||||||
|
PAN No.: |
ADXPM9745J |
||||||||||||||||||||||||||||
|
DIN No.: |
01291810 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. R. S. Pandey |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Kishan Mahipal |
43200 |
|
Vinod Mahipal |
153100 |
|
Indra Mani Mahipal as partner of Industrial Alloys |
10000 |
|
Indra Mani Mahipal |
10000 |
|
Rita Mahipal |
57500 |
|
Manoj Mahipal |
38000 |
|
Pawan Mahipal |
53000 |
|
K L Mahipal and Sons (HUF) |
6000 |
|
Hari Om Goel |
11500 |
|
IBM Infrastructure Private Limited, India |
51945 |
|
KayBee Alloys Private Limited, India |
199000 |
|
Industrial Alloys (India) Private Limited, India |
203900 |
|
VPM Infocom Private Limited, India |
46800 |
|
Kay Bee Ferro Alloys Private Limited, India |
204400 |
|
Sidhha Ventures Limited, India |
244500 |
|
|
|
|
Total |
1332845 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
27.82 |
|
Promoters [Bodies
corporate] |
52.97 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
0.86 |
|
Public/Other than promoters [Body corporate] |
18.35 |
|
Total |
100.00 |
%20LIMITED%20-%20507810%2014-May-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Trader, exporter and importer of ferro alloys. [Registered activity and also confirmed by management] |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
|
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
|
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Others (NEFT / RTGS / IMPs) |
||||
|
|
|
||||
|
Purchasing : |
Others (NEFT / RTGS / IMPs) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Manufacturer
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
30 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
·
Corporation Bank |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Narendra Kochar and Company Chartered Accountants |
|
Address : |
86, Canning Street , Kolkata-700001, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFN7795B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company
: |
· Kay Bee Ferroalloys Private Limited · VPM Infocom Private Limited ·
IBM Infrastructure Private Limited |
|
|
|
|
Enterprises which are owned, or have significant influence of or are partners
with Key management personnel and their relatives : |
· Sunrise Steels and Alloy Limited · Industrial Alloys (I) Private Limited · Kaybee Alloys Private Limited · Kishan Lal Mahipal and Sons (HUF) · Vinod Mahipal and Sons (HUF) · Pawan Mahipal and Sons (HUF) · Manoj Mahipal and Sons (HUF) · Krishna Marketing Private Limited ·
Kay Bee Foundry Services Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1332845 |
Equity Shares |
INR 10/- each |
INR 13.328 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 |
13.328 |
13.328 |
13.328 |
|
(b) Reserves & Surplus |
916.342 |
832.746 |
756.462 |
|
(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) |
929.670 |
846.074 |
769.790 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.018 |
3.504 |
5.824 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.018 |
3.504 |
5.824 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
39.532 |
20.000 |
0.000 |
|
(b) Trade
payables |
15.393 |
17.238 |
20.157 |
|
(c) Other
current liabilities |
28.124 |
20.555 |
21.242 |
|
(d) Short-term
provisions |
3.381 |
0.000 |
1.170 |
|
Total Current
Liabilities (4) |
86.430 |
57.793 |
42.569 |
|
|
|
|
|
|
TOTAL |
1016.118 |
907.371 |
818.183 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
23.292 |
22.765 |
21.862 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.069 |
0.069 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
54.645 |
42.885 |
43.443 |
|
(c) Deferred tax assets (net) |
0.738 |
0.492 |
0.440 |
|
(d)
Long-term Loan and Advances |
47.247 |
40.180 |
28.409 |
|
(e) Other Non-current
assets |
0.843 |
0.858 |
0.863 |
|
Total Non-Current
Assets |
126.834 |
107.249 |
95.017 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
74.302 |
53.909 |
71.625 |
|
(c) Trade receivables |
359.385 |
319.002 |
345.516 |
|
(d) Cash
and cash equivalents |
279.516 |
281.626 |
225.920 |
|
(e)
Short-term loans and advances |
176.081 |
145.585 |
80.105 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
889.284 |
800.122 |
723.166 |
|
|
|
|
|
|
TOTAL |
1016.118 |
907.371 |
818.183 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2393.126 |
1973.408 |
2822.710 |
|
|
Other Income |
51.817 |
86.234 |
129.955 |
|
|
TOTAL |
2444.943 |
2059.642 |
2952.665 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
2246.339 |
1826.054 |
2620.404 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(20.393) |
17.716 |
12.314 |
|
|
Employee benefit expense |
19.709 |
24.622 |
23.525 |
|
|
CSR expenditure |
0.045 |
0.000 |
0.000 |
|
|
Other expenses |
68.992 |
73.132 |
157.907 |
|
|
TOTAL |
2314.692 |
1941.524 |
2814.150 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
130.251 |
118.118 |
138.515 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.032 |
1.452 |
6.013 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
128.219 |
116.666 |
132.502 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1.744 |
1.137 |
1.249 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
126.475 |
115.529 |
131.253 |
|
|
|
|
|
|
|
Less |
TAX |
42.834 |
39.246 |
44.968 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
83.641 |
76.283 |
86.285 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
643.046 |
650.699 |
1216.075 |
|
|
TOTAL EARNINGS |
643.046 |
650.699 |
1216.075 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
165.161 |
281.891 |
281.891 |
|
|
TOTAL IMPORTS |
165.161 |
281.891 |
281.891 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
62.75 |
57.23 |
64.33 |
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 |
30.119 |
81.755 |
194.390 |
|
Net cash flows from (used in) operating activities |
(26.528) |
21.254 |
134.784 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
54.81 |
59.00 |
44.68 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.66 |
6.19 |
8.17 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
2.50 |
3.45 |
2.81 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.75 |
2.19 |
1.93 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
5.58 |
5.17 |
6.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.09 |
0.07 |
0.06 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.04 |
0.03 |
0.01 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.09 |
0.07 |
0.06 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.03 |
0.03 |
0.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
64.10 |
81.35 |
23.04 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
3.50 |
3.87 |
3.06 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.23 |
8.41 |
10.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.00 |
9.02 |
11.21 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets /
Current Liabilities) |
10.29 |
13.84 |
16.99 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
9.43 |
12.91 |
15.31 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.91 |
0.93 |
0.94 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.97 |
1.76 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
10.29 |
13.84 |
16.99 |
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 |
13.328 |
13.328 |
13.328 |
|
Reserves & Surplus |
756.462 |
832.746 |
916.342 |
|
Net
worth |
769.790 |
846.074 |
929.670 |
|
|
|
|
|
|
Long-term borrowings |
5.824 |
3.504 |
0.018 |
|
Short term borrowings |
0.000 |
20.000 |
39.532 |
|
Total
borrowings |
5.824 |
23.504 |
39.550 |
|
Debt/Equity
ratio |
0.008 |
0.028 |
0.043 |
%20LIMITED%20-%20507810%2014-May-2018_files/image022.gif)
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 |
2822.710 |
1973.408 |
2393.126 |
|
|
|
(30.088) |
21.269 |
%20LIMITED%20-%20507810%2014-May-2018_files/image024.gif)
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 |
2822.710 |
1973.408 |
2393.126 |
|
Profit/ (Loss) |
86.285 |
76.283 |
83.641 |
|
|
3.06
% |
3.87
% |
3.50
% |
%20LIMITED%20-%20507810%2014-May-2018_files/image026.gif)
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF
FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
10.297 |
13.328 |
|
(b) Reserves and Surplus |
|
916.342 |
833.536 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
12.344 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
926.639 |
846.864 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1.490 |
3.504 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1.490 |
3.504 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
39.532 |
20.000 |
|
(b) Trade
payables |
|
15.393 |
17.238 |
|
(c) Other
current liabilities |
|
28.751 |
20.555 |
|
(d) Short-term
provisions |
|
3.382 |
0.000 |
|
Total Current
Liabilities (4) |
|
87.058 |
57.793 |
|
|
|
|
|
|
TOTAL |
|
1027.531 |
908.161 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
33.206 |
22.765 |
|
(ii)
Intangible Assets |
|
2.468 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
23.064 |
43.675 |
|
(c) Deferred tax assets (net) |
|
0.738 |
0.492 |
|
(d)
Long-term
loans and advances |
|
76.439 |
40.250 |
|
(e) Other
Non-current assets |
|
1.144 |
0.858 |
|
Total Non-Current
Assets |
|
137.059 |
108.040 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
74.302 |
53.909 |
|
(c) Trade
receivables |
|
359.445 |
319.002 |
|
(d) Cash and bank
balances |
|
280.618 |
281.625 |
|
(e)
Short-term loans and advances |
|
176.107 |
145.585 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
890.472 |
800.121 |
|
|
|
|
|
|
TOTAL |
|
1027.531 |
908.161 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
2393.126 |
1973.408 |
|
|
Other Income |
|
51.980 |
86.234 |
|
|
TOTAL |
|
2445.106 |
2059.642 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
2246.340 |
1826.055 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(20.393) |
17.715 |
|
|
Employee benefit expense |
|
19.821 |
24.622 |
|
|
Other expenses |
|
69.630 |
73.132 |
|
|
TOTAL |
|
2315.398 |
1941.524 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
129.708 |
118.118 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
2.032 |
1.452 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
127.676 |
116.666 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
1.744 |
1.137 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
|
125.932 |
115.529 |
|
|
|
|
|
|
|
Less |
TAX |
|
42.817 |
39.246 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
83.115 |
76.283 |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) OF MINORITY INTEREST |
|
0.162 |
0.000 |
|
|
|
|
|
|
|
|
SHARE
OF PROFIT (LOSS) OF ASSOCIATES |
|
0.000 |
0.030 |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
83.278 |
76.314 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
62.48 |
57.26 |
LEGAL CASES
|
High
court
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
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 |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
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 |
STATE OF THE COMPANY’S AFFAIRS AND FUTURE
OUTLOOK
During the year, the net revenue from operations of the Company stood at INR 2444.943 million and Company’s profit after tax stood at INR 83.641 million.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
0.018 |
2.604 |
|
Loans and advances from related parties |
0.000 |
0.900 |
|
|
|
|
|
Total |
0.018 |
3.504 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B83746875 |
10446477 |
CORPORATION BANK |
24/07/2013 |
- |
- |
47500000.0 |
DHARAMTOLLA (MID CORPORATE BANKING BRANCH)8, LENIN SARANI, DHARAMTOLLA STREETKOLKATAWB700013IN |
|
2 |
A39791645 |
80019582 |
CORPORATION BANK |
27/07/2006 |
25/04/2008 |
- |
388000000.0 |
DHARAMTOLLA BRANCH8, LENIN SARANI,KOLKATAWB700013IN |
|
3 |
C29594777 |
90249935 |
CORPORATION BANK |
02/06/1992 |
29/09/2014 |
- |
748000000.0 |
DHARAMTOLLA (MID CORPORATE BANKING BRANCH)8, LENIN SARANI, DHARAMTOLLA STREETKOLKATAWB700013IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 67.22 |
|
|
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
TJL |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
NKT |
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.