|
|
|
%20PRIVATE%20LIMITED%20-%20508989_MIRA%2015-May-2018_files/image002.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20508989_MIRA%2015-May-2018_files/image004.jpg)
%20PRIVATE%20LIMITED%20-%20508989_MIRA%2015-May-2018_files/image006.gif)
MIRA INFORM REPORT
|
Report No. : |
508989 |
|
Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BEST IT WORLD (INDIA) PRIVATE LIMITED (w.e.f. 04.04.2000) |
|
|
|
|
Formerly Known
As : |
PITRANI COMPUTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
87/93, Mistry Industrial Complex, MIDC Cross Road ‘A’, Andheri (East),
Mumbai - 400093, Maharashtra |
|
Tel. No.: |
91-22-30815100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
17.12.1996 |
|
|
|
|
Com. Reg. No.: |
11-104553 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 7.736 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30000MH1996PTC104553 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0300055536 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAACP6597N1ZM |
|
|
|
|
TIN No: |
27910248495 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP6597N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in the import and distribution of Digital Products and related Accessories under its brand ‘iBall’. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1996 and it is a trading in Digital Technology Products i.e. Computer Peripherals, Net-Working, Mobiles, Tablet PC and CCTV. As per financials of March 2017, the company has registered decline in its revenue as compared to its previous year’s revenue and has reported minimal profit margin of 0.24%. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with average debt coverage indicators and good liquidity position. Rating also takes into account the established market position in the information technology (IT) products, accessories and peripherals business, supported by longstanding relationships with its suppliers, large distribution channel and a well-known brand “iBall”. Further, the company has reported a good earnings per share of INR 27.50 against its face value of INR 10. However, rating strength is partially offset by working capital-intensive distribution business. Payments seems to be usually correct. In view of aforesaid, the company can be considered of 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term rating (BBB-) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
27.03.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term rating (A3) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
27.03.2018 |
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 15.05.2018
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. Sunil |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9890052890 |
|
Date : |
13.05.2018 |
91-22-30815100 (Continuously Ringing)
LOCATIONS
|
Registered Office : |
87/93, Mistry Industrial Complex, MIDC Cross Road ‘A’, Andheri (East),
Mumbai - 400093, Maharashtra, India |
|
Tel. No.: |
91-22-30815100 |
|
Fax No.: |
91-22-66936262 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Offices : |
Located at: · Ahmedabad ·
· Bhubaneshwar · Chandigarh · Cochin · Chennai · Dehradun · Guwahati · Indore · Jaipur · Kolkata · New Delhi · Lucknow · Nagpur · Nashik · Pune · Raipur · Secundrabad |
|
|
|
|
Service Centers : |
Located at: · Andhra Pradesh ·
· Chhattisgarh · Goa · Gujarat · Karnataka · Kerala · Madhya Pradesh · Maharashtra · New Delhi · Orissa · Punjab · Rajasthan · Tamilnadu · Uttar Pradesh · Uttaranchal · West Bengal |
%20PRIVATE%20LIMITED%20-%20508989_MIRA%2015-May-2018_files/image007.gif){kind=small}
Bangalore DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sunil Babulal Kedia |
|
Designation : |
Director |
|
Address : |
B-204, Neptune, Vasant, Galaxy, Goregaon (West), Mumbai - 400062,
Maharashtra, India |
|
Date of Birth/Age : |
30.10.1959 |
|
Date of Appointment : |
10.05.2000 |
|
PAN No.: |
AADPK9566E |
|
DIN No.: |
00140275 |
|
|
|
|
Name : |
Mr. Sandeep Sitaram Parasrampuria |
|
Designation : |
Director |
|
Address : |
402, Resort View, Thakur Complex, Kandivali (East), Mumbai – 400101,
Maharashtra, India |
|
Date of Birth/Age : |
20.07.1965 |
|
Date of Appointment : |
17.12.1996 |
|
PAN No.: |
AADPP9122H |
|
DIN No.: |
00140120 |
|
|
|
|
Name : |
Mr. Anil Jagdishprasad Parasrampuria |
|
Designation : |
Director |
|
Address : |
303, Glory, Vasant Marvel, C-Wing, Kandivali (West), Mumbai – 400067,
Maharashtra, India |
|
Date of Birth/Age : |
06.09.1967 |
|
Date of Appointment : |
17.12.1996 |
|
PAN No.: |
AACPP2312G |
|
DIN No.: |
00140235 |
|
|
|
|
Name : |
Mr. Rakesh Yogeshkumar Shah |
|
Designation : |
Director |
|
Address : |
A-408, Bhoomi Enclave, Mahavir Nagar, Kandivali (West), Mumbai –
400067, Maharashtra, India |
|
Date of Birth/Age : |
20.11.1965 |
|
Date of Appointment : |
21.05.1998 |
|
PAN No.: |
ACXPS6801J |
|
DIN No.: |
00140338 |
|
|
|
|
Name : |
Mr. Vijay Kumar Dalmia |
|
Designation : |
Director |
|
Address : |
603, Highland Park, Lakhandwala Complex, Andheri (East), Mumbai - 400053,
Maharashtra, India |
|
Date of Birth/Age : |
28.12.1956 |
|
Date of Appointment : |
07.06.2000 |
|
PAN No.: |
AAAPD4448H |
|
DIN No.: |
00209719 |
|
|
|
|
Name : |
Mr. Sanjeev Sitaram Parasrampuria |
|
Designation : |
Director |
|
Address : |
501, Resort View, Thakur Complex, Western Express Highway, Kandivli
(East), Mumbai-400101, Maharashtra, India |
|
Date of Birth/Age : |
08.12.1960 |
|
Date of Appointment : |
30.06.2016 |
|
PAN No.: |
AADPP1170H |
|
DIN No.: |
00007092 |
|
|
|
|
Name : |
Mr. Chandra Mouli Anem |
|
Designation : |
Nominee Director |
|
Address : |
Flat No. 103, Sidbi Officers Quarters 25, Veera Desai Road, Andheri (West), Mumbai-400053, Maharashtra, India |
|
Date of Appointment : |
15.02.2018 |
|
DIN No.: |
08062830 |
|
|
|
|
Name : |
Mr. Laxmikant Ramprasad Kabra |
|
Designation : |
Nominee Director |
|
Address : |
C-1102, Niharika Chs Limited, Glays Alwares Road, Off. Pokharan Road No-2, Thane (West) Thane 400610, Maharashtra, India |
|
Date of Appointment : |
15.02.2018 |
|
DIN No.: |
00061346 |
KEY EXECUTIVES
|
Name : |
Mr. Kala Agarwal |
|
Designation : |
Practicing Company Secretary |
|
Address : |
K.D. Enterprises, 2, Swami Sadan, M.G. Road, Kandivali (West), Near Swimming
Pool Bus Stop, Mumbai – 400067, Maharashtra, India |
|
Tel. No: |
91-22-28643344 |
|
Fax. No: |
91-22-28091177 |
|
Email: |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Bennett Coleman and Company Limited, India |
|
10154 |
|
Amit N. Banka |
|
15000 |
|
Amit R. Shah |
|
35000 |
|
Anil J. Parasramouria |
|
53600 |
|
Anil J. Parasramouria and Sudha A. Parasramouria |
|
11325 |
|
Jagdish Parasramouria |
|
5693 |
|
Kanishk Saraogi and Shailv Saraogi |
|
10 |
|
Sandeep S. Parasramouria |
|
26450 |
|
Sandeep S. Parasramouria and Anita S. Parasrampuria |
|
58510 |
|
Sunil Kedia |
|
20650 |
|
Surendra Saraogi and Premlata Saraogi |
|
10 |
|
Vijav Dalmia Karta |
|
57200 |
|
Anita S. Parasrampuria and Sandeep S. Parasrampuria |
|
57500 |
|
Bharti S. Kedia |
|
55050 |
|
Geeta Devi Goel and Seema Goel |
|
10 |
|
Mala Tulsidas Bileye and Archana Tulsidas Bileve and Others |
|
10 |
|
Raiani A. Parasramouria and Dropti J. Parasramouria |
|
100 |
|
Sangeeta V. Dalmia |
|
64229 |
|
Vidyadevi Dalmia |
|
100 |
|
Nimisha Parasrampuria and Monisha Porasramouria |
|
50 |
|
Draunadi Parasrampuria |
|
1000 |
|
Anysonic Electronics (HK) Co. Limited |
|
6150 |
|
Sanjeev S. Parasrampuria |
|
40307 |
|
Anupanna S. Parasrampuria |
|
78461 |
|
Saloni S. Parasrampuria |
|
5000 |
|
Rakesh Y. Shah |
|
124075 |
|
Sudha A. Parasramouria |
|
48000 |
|
Total |
|
773644 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
79.95 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
17.94 |
|
Promoters (Body corporate) |
2.11 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20508989_MIRA%2015-May-2018_files/image009.gif)
BUSINESS DETAILS
|
Line of Business
: |
Subject is primarily engaged in the import and distribution of Digital Products and related Accessories under its brand ‘iBall’. (Registered Activity) |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
“iBall” |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· IDBI Bank Limited, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai-400005, Maharashtra, India · The Ratnakar Bank Limited, Shahupuri, Kolhapur-416001, Maharashtra 416001 India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
V. B.Goel and Company Chartered Accountants |
|
Address : |
3, Ajay Apartments, Kasturba Cross Road, Malad (West), Mumbai-400064, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHFV3222E |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates : |
Natasha Industries |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their Relatives : |
· Vijay Dalmia HUF · Dalmia Polytex Private Limited · Saanwaria Polyster Private Limited · Anil Rajesh and Trading Company · Sharp Infrastructure Private Limited · Strata Geosystem Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital : INR 20.000 million
Issued, Subscribed & Paid-up Capital : INR 11.126
million
AS ON: 31.03.2017
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 |
|
|
|
|
|
|
773644 |
Equity Shares |
INR 10/- each |
INR 7.736 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 |
7.736 |
7.500 |
7.500 |
|
(b) Reserves and Surplus |
513.530 |
338.805 |
701.201 |
|
(c) Money
received against share warrants |
6.407 |
13.000 |
13.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
527.673 |
359.305 |
721.701 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
85.373 |
110.580 |
149.102 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
24.213 |
|
(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) |
85.373 |
110.580 |
173.315 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
1426.137 |
1162.599 |
1092.609 |
|
(b) Trade
payables |
1205.147 |
1331.601 |
908.237 |
|
(c) Other current
liabilities |
217.142 |
284.254 |
459.988 |
|
(d) Short-term
provisions |
70.716 |
27.562 |
62.378 |
|
Total Current
Liabilities (4) |
2919.142 |
2806.016 |
2523.212 |
|
|
|
|
|
|
TOTAL |
3532.188 |
3275.901 |
3418.228 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
192.994 |
212.943 |
207.099 |
|
(ii)
Intangible Assets |
12.417 |
24.634 |
29.785 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.144 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.127 |
0.127 |
0.127 |
|
(c) Deferred tax assets (net) |
154.372 |
157.331 |
0.000 |
|
(d)
Long-term loans and advances |
61.784 |
88.128 |
98.631 |
|
(e) Other Non-current
assets |
150.368 |
79.710 |
140.896 |
|
Total Non-Current
Assets |
572.062 |
562.873 |
476.682 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1861.824 |
1659.890 |
2117.595 |
|
(c) Trade
receivables |
782.068 |
690.619 |
578.622 |
|
(d) Cash and
bank balances |
135.760 |
196.952 |
86.753 |
|
(e)
Short-term loans and advances |
173.050 |
163.087 |
153.544 |
|
(f) Other
current assets |
7.424 |
2.480 |
5.032 |
|
Total
Current Assets |
2960.126 |
2713.028 |
2941.546 |
|
|
|
|
|
|
TOTAL |
3532.188 |
3275.901 |
3418.228 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
8926.094 |
11907.798 |
10452.344 |
|
|
Other Income |
60.902 |
25.166 |
51.344 |
|
|
TOTAL |
8986.996 |
11932.964 |
10503.688 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
6935.106 |
8763.233 |
8043.731 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(314.893) |
550.409 |
(401.183) |
|
|
Employee benefit expense |
756.146 |
946.576 |
836.787 |
|
|
Other expenses |
1356.695 |
1989.039 |
1749.040 |
|
|
TOTAL |
8733.054 |
12249.257 |
10228.375 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
253.942 |
(316.293) |
275.313 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
193.173 |
189.669 |
136.231 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
60.769 |
(505.962) |
139.082 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
35.766 |
37.916 |
34.559 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
25.003 |
(543.878) |
104.523 |
|
|
|
|
|
|
|
Less |
TAX |
3.728 |
(181.482) |
35.690 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
21.275 |
(362.396) |
68.833 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
(311.217) |
51.179 |
40.774 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
50.000 |
|
|
Adjusted for Depreciation |
0.000 |
0.000 |
3.012 |
|
|
Interim / Proposed Dividend |
0.000 |
0.000 |
4.500 |
|
|
Tax on dividend |
0.000 |
0.000 |
0.916 |
|
|
Total |
0.000 |
0.000 |
58.428 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
(289.942) |
(311.217) |
51.179 |
|
|
|
|
|
|
|
|
IMPORTS (CIF VALUE) |
5717.841 |
7609.693 |
7354.626 |
|
|
|
|
|
|
|
|
EARNING FOREIGN
EARNINGS |
35.342 |
34.226 |
11.963 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
27.50 |
(483.20) |
91.78 |
|
|
Diluted |
27.23 |
(470.64) |
89.39 |
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 |
6.103 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(324.804) |
264.356 |
(311.428) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(312.338) |
249.686 |
(352.807) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
31.98 |
21.17 |
20.21 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
11.41 |
17.24 |
18.06 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
63.43 |
55.46 |
41.21 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.14 |
(0.19) |
0.13 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
1.24 |
(1.33) |
1.16 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.85 |
0.89 |
0.78 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
2.86 |
3.54 |
1.73 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
5.53 |
7.81 |
3.50 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.39 |
0.66 |
0.33 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.31 |
(1.67) |
2.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
0.24 |
(3.04) |
0.66 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
0.60 |
(11.06) |
2.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
4.03 |
(100.86) |
9.54 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.01 |
0.97 |
1.17 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.38 |
0.38 |
0.33 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.15 |
0.11 |
0.21 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
195.39 |
169.76 |
166.38 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.01 |
0.97 |
1.17 |
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 |
7.500 |
7.500 |
7.736 |
|
Reserves & Surplus |
701.201 |
338.805 |
513.530 |
|
Money received against share
warrants |
13.000 |
13.000 |
6.406 |
|
Net
worth |
721.701 |
359.305 |
527.672 |
|
|
|
|
|
|
Long-term borrowings |
149.102 |
110.579 |
85.373 |
|
Short term borrowings |
1092.609 |
1162.599 |
1426.137 |
|
Total
borrowings |
1247.814 |
1273.178 |
1511.510 |
|
Debt/Equity
ratio |
1.729 |
3.543 |
2.864 |
%20PRIVATE%20LIMITED%20-%20508989_MIRA%2015-May-2018_files/image011.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 |
10452.344 |
11907.798 |
8926.094 |
|
|
|
13.925 |
(25.040) |
%20PRIVATE%20LIMITED%20-%20508989_MIRA%2015-May-2018_files/image013.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 |
10452.344 |
11907.798 |
8926.094 |
|
Profit/ (Loss) |
68.833 |
(362.396) |
21.275 |
|
|
0.66
% |
(3.04
%) |
0.24
% |
%20PRIVATE%20LIMITED%20-%20508989_MIRA%2015-May-2018_files/image015.gif)
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 |
No |
|
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 |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF OPERATIONS
During the year, the company has earned a profit of INR 21.275 million against loss of INR 362.396 million during the previous year. During F.Y. 2016-17, the company has initiated significant steps to reduce overall costs and also change of product mix to ensure higher margins going forward. The company expects significant improvement in its performance during FY18.
The Company continues its endeavor in providing customers quality products, services and delivery efficiency, thereby ensuring their continued patronage for the company's products and services. The Company keeps on adding new products to the existing Portfolio of products. The Company continues to gear up all its resources to derive the maximum benefits in the present economic scenario and is taking adequate steps to ensure adequate reach in all corners of the country with vigorous marketing efforts and ceaseless cost reduction exercises. The Directors are fully seized of the fact that the need of the hour is to enhance the Revenue and Profit to higher levels and to achieve this end efforts have been initiated for adding value to products and services.
Efforts are also being intensified to maintain leadership position by constant up gradation of products to keep pace with advancing technology trends and maintaining the superiority in quality of products and services. The Directors are hopeful that all the above, coupled with continuous monitoring of inventory, receivables and overheads, would result in healthier profits in future.
Products under the brand name ‘iBall’ continued to get more and more acceptability.
COMPANY BACKGROUND
The Company was incorporated in the year 1996. Initially it started with the distributorship and sub-distributorship of IT peripherals locally. In September 2001 it launched a mouse under its own brand ‘iBall’. Since 2001 the company has added various categories of products to its portfolio and is primarily engaged in the import and distribution of Digital Products and related Accessories under its brand ‘iBall’.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
84.943 |
109.375 |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
54.510 |
61.530 |
|
Other loans and advances |
181.963 |
171.500 |
|
Total |
321.416 |
342.405 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B95608485 |
10414303 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
30/03/2013 |
04/02/2014 |
- |
150000000.0 |
SHOW ROOM NO 1&2, UPPER GROUND FLOOR, SAMRUDDHIVENTURE PARK, M I D C ROAD, MAROL, ANDHERI (W),MumbaiMH400093IN |
|
2 |
C51517852 |
10406302 |
IDBI Bank Limited |
12/01/2013 |
31/03/2015 |
- |
2540000000.0 |
IDBI TOWER, WTC COMPLEXCUFFE PARADEMUMBAIMH400005IN |
|
3 |
C80736614 |
10604943 |
The Cosmos Co- operative Bank Ltd |
07/11/2015 |
- |
02/03/2016 |
30000000.0 |
Vile Parle, Pratik Avenue, 1st Floor,MumbaiMumbaiMH400057IN |
|
4 |
C54433875 |
10539945 |
The Cosmos Co- operative Bank Ltd |
18/12/2014 |
- |
27/05/2015 |
15000000.0 |
Vile Parle, Pratik Avenue, 1st Floor,MumbaiMumbaiMH400057IN |
|
5 |
C53239901 |
10524515 |
THE RATNAKAR BANK LIMITED |
01/10/2014 |
- |
13/05/2015 |
250000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMH416001IN |
|
6 |
C43970573 |
10524520 |
IDBI Bank Limited |
26/09/2014 |
- |
10/02/2015 |
200000000.0 |
IDBI TOWERWTC COMPLEXCUFFE PARADE, MUMBAIMUMBAIMH400005IN |
|
7 |
C35433473 |
10506909 |
Axis Bank Limited |
11/06/2014 |
- |
25/11/2014 |
60000000.0 |
Axis House, C-2, Wadia International Centre,Pandurang Budhakar Marg, Worli,MUMBAIMH400025IN |
|
8 |
B95020442 |
10458607 |
Axis Bank Limited |
08/10/2013 |
- |
30/01/2014 |
60000000.0 |
TRISHUL, 3RD FLOOR, OPPOSITE SAMARTHESHWAR TEMPLE,LAW GARDEN, ELLIS BRIDGE,AHMEDABADGJ380006IN |
|
9 |
B96156716 |
10453964 |
COSMOS BANK |
30/09/2013 |
- |
18/01/2014 |
30000000.0 |
PRATIK AVENUE, 1ST FLOOR, OPP. HOTEL SHIVSAGAR,VILE PARLE (EAST),MUMBAIMH400057IN |
|
10 |
B74750456 |
10205324 |
Axis Bank Limited |
01/02/2010 |
08/11/2012 |
08/05/2013 |
700000000.0 |
Laxmi The Mall, Bldg No.5, Laxmi Industrial EstateNew Link Road, Andheri (W)MumbaiMH400053IN |
FIXED ASSETS
Tangible assets
· Building
· Land
· Plant and Machinery
· Office Premises
· Computer Systems
· Electrical Fittings
· Dies and Molds
· Office Equipment
· Furniture and Fixture
- Computer equipments
·
Vehicles
Intangible assets
- Computer software
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 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 67.32 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
MTN |
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.