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%20PRIVATE%20LIMITED%20-%20508364_MIRA%2012-May-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20508364_MIRA%2012-May-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20508364_MIRA%2012-May-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
508364 |
|
Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ULTIMATE CHEM (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A – 33, Marol Nand Dham Udyog CHS Limited, 2nd Floor, |
|
Tel. No.: |
91-22-29201582 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
22.02.1999 |
|
|
|
|
Com. Reg. No.: |
11-118446 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 3.747 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1999PTC118446 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0300034351 |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
27AAACU3398Q1ZI |
|
|
|
|
TIN No.: |
27420400230 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU3398Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading, Exporting and Importing of organic and inorganic chemicals, aliphatic and aromatic solvents, intermediates, bulk drugs, etc. [Registered Activity and also Confirmed by Management] |
|
|
|
|
No. of Employees
: |
15 (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 : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1999 having
satisfactory track record. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has reported a profit margin at 0.63% (approx.). The company possesses an acceptable financial profile marked by sound
net worth base along with fair debt level and favourable gap between trade
payables to its trade receivables. The company also derives strength from its long standing track record
of business operation. Trade relations are reported as fair. Business is active. Payment
terms are seems to be usually correct and as per commitments. In view of the aforesaid, 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
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 PARTED BY
|
Name : |
Mr. Akshay Kanakia |
|
Designation : |
Business Manager |
|
Contact No.: |
91-22-29201582 |
|
Date : |
11.05.2018 |
LOCATIONS
|
Registered/ Head Office: |
A – 33, Marol Nand Dham Udyog CHS Limited, 2nd Floor, |
|
Tel. No.: |
91-22-29201582 / 2978 / 29202983/
1147/ 1148 |
|
Mobile No.: |
91-9820059939 (Mr. Umesh Kanakia) |
|
Fax No.: |
91-22-29258797 / 67021506 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1800 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
C-202, Sukirti Garden, Opposite Amrakadam
Bunglow, Ramdev Nagar, Satellite Road, Ahmedabad – 380015, Maharashtra,
India |
|
Tel. No.: |
91-79-26921302 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Ms. Sonal Balkrishna Kanakia |
|
Designation : |
Director |
|
Address : |
A/2/604, Yogi Palace, Yogi Nagar, Eksar Road, Borivali (West), Mumbai
– 400091, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1968 |
|
Date of Appointment : |
22.02.1999 |
|
DIN No.: |
00986459 |
|
|
|
|
Name : |
Mr. Balkrishna Jashwantrai Kanakia |
|
Designation : |
Director |
|
Address : |
A/2/604, Yogi Palace, Yogi Nagar, Eksar Road, Borivali (West), Mumbai
– 400091, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1963 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
22.02.1999 |
|
DIN No.: |
01568621 |
KEY EXECUTIVES
|
Name : |
Mr. Akshay Kanakia |
|
Designation : |
Business Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 29.09.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Balkrishna Kanakia |
120100 |
32.05 |
|
Sonal Kanakia |
74600 |
19.91 |
|
Dhaval Kanakia |
50018 |
13.35 |
|
Balkrishna Kanakia (HUF) |
60010 |
16.01 |
|
Muktaben Goradia |
70010 |
18.68 |
|
|
|
|
|
Total |
374738 |
100.00 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20508364_MIRA%2012-May-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Trading, Exporting and Importing of organic and inorganic chemicals, aliphatic and aromatic solvents, intermediates, bulk drugs, etc. [Registered Activity and also Confirmed by Management] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
|
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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||||
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Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
· China · Japan · European Countries · Taiwan |
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|
||||
|
Terms : |
|
||||
|
Selling : |
Advance Payment, Cheque and Credit [90 Days] and Others [NEFT, RTGS] |
||||
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|
||||
|
Purchasing : |
Advance Payment, Cheque and Credit [90 Days] and Others [NEFT, RTGS] |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
· Aspen International Private Limited · Alpha Chemicals Private Limited · Nikhil Adhesives Limited · V.R.M. Chemicals Private Limited · Vidhi Dyestuff Mfg. Limited |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Customers : |
End Users ·
Abhinav Polychem Private Limited ·
Anuvi Chemicals Limited ·
Asian Solvochem Private Limited ·
Chemex Organochem Private Limited ·
Eoc Polymers India Private Limited |
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
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No. of Employees : |
15 (Approximately) |
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Bankers : |
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|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Pratik Shah and Company Chartered Accountants |
|
Address : |
406, V-Star Plaza, 4 Th Floor, Chandavarkar Road , Borivali (West),
Mumbai-400092, Maharashtra, India |
|
Tel. No.: |
91-22-28937600 |
|
E-Mail : |
|
|
PAN No.: |
AADPS7151B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related Party : |
Raddisun Pharmachem Industries Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
374738 |
Equity Shares |
INR 10/- each |
INR 3.747
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.747 |
3.747 |
3.747 |
|
(b) Reserves & Surplus |
20.984 |
17.910 |
17.499 |
|
(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) |
24.731 |
21.657 |
21.246 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
4.920 |
4.347 |
5.096 |
|
(b) Deferred tax liabilities (Net) |
0.565 |
0.483 |
0.381 |
|
(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) |
5.485 |
4.830 |
5.477 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
60.127 |
57.074 |
70.655 |
|
(b)
Trade payables |
123.727 |
89.467 |
240.290 |
|
(c)
Other current liabilities |
1.664 |
1.771 |
1.469 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
185.518 |
148.312 |
312.414 |
|
|
|
|
|
|
TOTAL |
215.734 |
174.799 |
339.137 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2.303 |
2.712 |
3.172 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
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 |
9.385 |
9.385 |
9.385 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
10.000 |
10.000 |
10.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
21.688 |
22.097 |
22.557 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
22.153 |
10.935 |
9.597 |
|
(c)
Trade receivables |
164.820 |
136.893 |
289.757 |
|
(d)
Cash and cash equivalents |
6.033 |
3.812 |
16.811 |
|
(e)
Short-term loans and advances |
1.010 |
1.032 |
0.385 |
|
(f)
Other current assets |
0.030 |
0.030 |
0.030 |
|
Total
Current Assets |
194.046 |
152.702 |
316.580 |
|
|
|
|
|
|
TOTAL |
215.734 |
174.799 |
339.137 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
489.245 |
475.292 |
629.596 |
|
|
|
Other Income |
3.136 |
3.478 |
2.876 |
|
|
|
TOTAL |
492.381 |
478.770 |
632.472 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
467.059 |
458.084 |
570.183 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(11.219) |
(1.338) |
38.997 |
|
|
|
Employees benefits expense |
6.086 |
5.782 |
4.424 |
|
|
|
Other expenses |
19.946 |
10.315 |
12.681 |
|
|
|
TOTAL |
481.872 |
472.843 |
626.285 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
10.509 |
5.927 |
6.187 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.121 |
4.290 |
2.940 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.388 |
1.637 |
3.247 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.757 |
0.786 |
1.153 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
4.631 |
0.851 |
2.094 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.558 |
0.440 |
1.131 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
3.073 |
0.411 |
0.963 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Imports of goods |
127.001 |
173.989 |
92.957 |
|
|
TOTAL IMPORTS |
127.001 |
173.989 |
92.957 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
8.20 |
1.10 |
2.57 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term Borrowings |
1.114 |
1.114 |
1.114 |
|
|
|
|
|
|
Cash generated from operations |
5.226 |
5.923 |
16.479 |
|
|
|
|
|
|
Net cash flow from operating activities |
3.750 |
5.586 |
15.318 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
122.96 |
105.13 |
167.98 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.97 |
3.47 |
2.17 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
96.69 |
71.29 |
153.82 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.47 |
0.54 |
0.64 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
4.56 |
2.19 |
1.95 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.89 |
0.88 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.68 |
2.89 |
3.62 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
7.50 |
6.85 |
14.70 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.09 |
0.13 |
0.15 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.05 |
1.38 |
2.10 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.63 |
0.09 |
0.15 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.42 |
0.24 |
0.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.43 |
1.90 |
4.53 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.05 |
1.03 |
1.01 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.93 |
0.96 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.11 |
0.12 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
17.66 |
16.69 |
20.51 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.05 |
1.03 |
1.01 |
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 |
3.747 |
3.747 |
3.747 |
|
Reserves & Surplus |
17.499 |
17.910 |
20.984 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
21.246 |
21.657 |
24.731 |
|
|
|
|
|
|
long-term borrowings |
5.096 |
4.347 |
4.920 |
|
Short term borrowings |
70.655 |
57.074 |
60.127 |
|
Current Maturities of Long
term Borrowings |
1.114 |
1.114 |
1.114 |
|
Total
borrowings |
76.865 |
62.535 |
66.161 |
|
Debt/Equity
ratio |
3.618 |
2.888 |
2.675 |
%20PRIVATE%20LIMITED%20-%20508364_MIRA%2012-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 |
629.596 |
475.292 |
489.245 |
|
|
|
(24.508) |
2.936 |
%20PRIVATE%20LIMITED%20-%20508364_MIRA%2012-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 |
629.596 |
475.292 |
489.245 |
|
Profit |
0.963 |
0.411 |
3.073 |
|
|
0.15% |
0.09% |
0.63% |
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LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C15002363 |
10512888 |
CORPORATION BANK |
07/07/2014 |
- |
- |
25305260.0 |
MANDVI BRANCH,221/223 SAMUEL STREETMASJIDMUMBAIMH400003IN |
|
2 |
B35627553 |
10343682 |
STANDARD CHARTERED BANK |
27/03/2012 |
- |
- |
4300000.0 |
STANDARD CHARTERED TOWER201, B/1, WESTERN EXPRESS HIGHWAY, GOREGAON (E)MUMBAIMH400063IN |
|
3 |
B01979574 |
10258941 |
STANDARD CHARTERED BANK |
18/12/2010 |
- |
- |
6741783.0 |
STANDARD CHARTERED TOWER201, B/1 WESTERN EXPRESS HIGHWAY, GOREGAON (E)MUMBAIMH400063IN |
|
4 |
G37066024 |
10052958 |
CORPORATION BANK |
28/04/2007 |
03/02/2017 |
- |
88500000.0 |
221/223,SAMUEL STREET,MASJID BUNDER, MANDVI,MUMBAIMH400003IN |
|
5 |
B12418430 |
90145161 |
CORPORATION BANK |
02/05/2004 |
- |
04/05/2011 |
10000000.0 |
MANDVI BRANCHNARSI NATHA STREET; ASJIDMUMBAIMH400003IN |
|
6 |
Y10242690 |
90142920 |
THE VYSYA BANK LTD. |
17/06/2000 |
06/01/2001 |
21/10/2003 |
1500000.0 |
MANDVI BRANCHNARSI NATHA STREET; ASJIDMUMBAIMH400009IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
from Director |
1.247 |
0.032 |
|
|
|
|
|
Total |
1.247 |
0.032 |
CORPORATE INFORMATION
Subject is formed on 22nd February 1999 as a dealer in chemical and solvents. The Company has its head office in Mumbai and branch office at Ahmadabad.
BUSINESS PERFORMANCE
During the year, the Company earned a total income of INR 492.381 Million as compared to INR 478.770 Million earned during the corresponding period of the previous year.
The profit after tax stood at INR 3.073 Million for the current year as compared to INR 411.190 Million for the previous year.
The profitability depends upon a host of factors. However, we remain optimistic about the future of the Company.
FIXED ASSETS:
Tangible Assets
·
Air Conditioner
·
Office Equipments
·
Computer
·
Motor Car
·
Furniture and Fixtures
·
Mobile Phone
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 67.22 |
|
UK Pound |
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
TEJ |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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.