|
|
|
MIRA INFORM REPORT
|
Report No. : |
509563 |
|
Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
INDIGO PAINTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
103, Montreal, Behind Mauli Petrol Pump, Baner Road, Pune-
411045, Maharashtra |
|
Tel. No.: |
91-20-66814300 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.03.2000 |
|
|
|
|
Com. Reg. No.: |
11-014669 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 468.978 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24114PN2000PTC014669 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
3109008432 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI8094D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Decorative paints. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied 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 : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2000 with its registered office based out of Pune, Maharashtra and its manufacturing facilities are based out of Jodhpur, Rajasthan, Rekhla in Jharkhand Kochi in Kerela and Pudukkottai in Tamil Nadu. It is engaged in manufacturing and sales of “water based” decorative paints including exterior emulsions, interior emulsions, acrylic laminate, metallic emulsion, tile coat, bright ceiling coal, roof coat emulsion, floor coat emulsion, polymer putty, primers (WT Cement Primer, Exterior wall primer, WB Wood Primer, WB Red oxide Metal Primer), cement paints and distemper (acrylic distemper). The Company sells the various products under the brand name “Indigo”. For the financial year 2017, the company has achieved a massive growth in its revenue as compared to previous year but has incurred operational loss. The sound financial profile of the company is marked by adequate networth base along with negligible debt level. Rating takes into consideration equity infused by its promoters. However, rating strengths are partially offset by continue loss incurred by the company. Business is active. Payment seems to be slow but correct. In view of 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
|
Rating Agency Name |
CARE |
|
Rating |
Long term : BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
28.02.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
28.02.2018 |
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 16.05.2018
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. Chetan Humane |
|
Designation : |
General Manager Finance |
|
Contact No.: |
91-20-66814300 |
|
Date : |
16.05.2018 |
LOCATIONS
|
Registered Office / Head Office: |
103, Montreal, Behind Mauli Petrol Pump, Baner Road, Pune-
411045, Maharashtra, India |
|
Tel. No.: |
91-20-66814300/ 30401151 |
|
Fax No.: |
91-20-30401154 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
F-910, Boranada Industrial Area, Phase IV, Jodhpur-342012, India |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Hemant Kamala Prasad Jalan |
|
Designation : |
Managing Director |
|
Address : |
Villa No.6, Paradise Baner Road, Baner, Pune - 411045, Maharashtra,
India |
|
Date of Birth/Age : |
23.08.1957 |
|
Date of Appointment : |
28.03.2000 |
|
DIN No.: |
00080942 |
|
PAN No.: |
ACPPJ5024Q |
|
|
|
|
Name : |
Mrs. Anita Hemant Jalan |
|
Designation : |
Director |
|
Address : |
Villa No.6, Paradise Baner Road, Baner, Pune - 411045, Maharashtra,
India |
|
Date of Birth/Age : |
03.09.1960 |
|
Date of Appointment : |
28.03.2000 |
|
DIN No.: |
00085411 |
|
PAN No.: |
AEIPJ0697Q |
|
|
|
|
Name : |
Mr. Kamala Prasad Tejpal Jalan |
|
Designation : |
Director |
|
Address : |
Villa No.6, Paradise Baner Road, Baner, Pune - 411045, Maharashtra,
India |
|
Date of Birth/Age : |
31.10.1931 |
|
Date of Appointment : |
28.03.2000 |
|
DIN No.: |
00085453 |
|
|
|
|
Name : |
Mr. Sunil Badriprasad Goyal |
|
Designation : |
Director |
|
Address : |
731/A, 7th Floor, Akshay Girikunj-III, Paliram Road, Andheri (West),
Mumbai - 400058, Maharashtra, India |
|
Date of Appointment : |
13.11.2014 |
|
DIN No.: |
00503570 |
|
|
|
|
Name : |
Mr. Narayanankutty Kottiedath Venugopal |
|
Designation : |
Director |
|
Address : |
Harismriti, Vallathol Junction Pookkattupady Road, Kochi
-682021, Kerala, India |
|
Date of Appointment : |
24.02.2016 |
|
DIN No.: |
00296465 |
|
|
|
|
Name : |
Mr. Abhay Kumar Pandey |
|
Designation : |
Nominee director |
|
Address : |
B-1601, Lodha Bellissimo, N.M. Joshi Marg, Mahalakshmi, Mumbai -
400011, Maharashtra, India |
|
Date of Birth/Age : |
01.12.1971 |
|
Date of Appointment : |
19.08.2014 |
|
DIN No.: |
01650845 |
|
|
|
|
Name : |
Mr. Bharadwaj Thiruvenkata Venkatavaraghavan |
|
Designation : |
Nominee director |
|
Address : |
702, 7th Orchid Tower-A, 241/242, Bellasis Road, Mumbai Central - 400008,
Maharashtra, India |
|
Date of Birth/Age : |
26.06.1978 |
|
Date of Appointment : |
19.08.2014 |
|
DIN No.: |
02918495 |
|
|
|
|
Name : |
Mr. Praveenkumar Ramniranjan Tripathi |
|
Designation : |
Additional director |
|
Address : |
Row House No 5, Ashirwad Gokul Concorde Cooperative Housing Society,
Surya Village, W.E. Highway Kandivali (East), Mumbai - 400101, Maharashtra,
India |
|
Date of Appointment : |
13.11.2014 |
|
DIN No.: |
03154381 |
KEY EXECUTIVES
|
Name : |
Mr. Chetan Humane |
|
Designation : |
General Manager Finance |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
|
Hemant Kamala Prasad Jalan |
|
10237500 |
|
Kamala Prasad Tejpal Jalan |
|
1657500 |
|
Anita Hemant Jalan |
|
6987500 |
|
Tara Devi Jalan |
|
1891045 |
|
Parag Jalan |
|
1625000 |
|
Halogen Chemicals Private Limited |
|
4958070 |
|
Sequoia Capital India Investments IV |
|
764335 |
|
SCI Investments V |
|
472550 |
|
Total |
|
28593500 |
|
Names of Shareholders (Preference Shares) |
No. of Shares |
|
|
Sequoia Capital India Investments IV |
|
7571850 |
|
SCI Investments V |
|
8506225 |
|
Total |
|
16078075 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
78.33 |
|
Promoters- Body corporate |
17.34 |
|
Public/Other than promoters - Body corporate |
4.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Decorative paints. [Registered Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
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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|
||||||||||||||||||||||||||||||
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No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
C 401 Fourth Floor, Panchshil Tech Park, Yerwada, Pune-411006, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFS3421N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AFTER 29.09.2017
Authorised Capital : INR
633.110 Million
Issued Subscribed & Paid-up Capital : INR 471.561
Million
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
43000000 |
Equity Shares |
INR 10/- each |
INR 430.000 Million |
|
3250 |
Equity Shares Class A1 |
INR 10/- each |
INR 0.033 Million |
|
3250 |
Equity Shares Class A2 |
INR 10/- each |
INR 0.033 Million |
|
69904 |
Series
A1 Full and .001% Compulsorily Convertible cumulative preference share |
INR 100/- each |
INR 6.990 Million |
|
46586 |
Series
A2 Full and .001% Compulsorily Convertible cumulative preference share |
INR 100/- each |
INR 4.658 Million |
|
130865 |
Series B Full and .001% Compulsorily convertible cumulative preference share |
INR 100/- each |
INR 13.086 Million |
|
15830950 |
Series C Full and .001% Compulsorily Convertible cumulative preference share |
INR 10/- each |
INR 158.310 Million |
|
2000000 |
Redeemable preference shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 633.110
Million |
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28587000 |
Equity Shares |
INR 10/- each |
INR 285.870 Million |
|
3250 |
Equity Shares Class A1 |
INR 10/- each |
INR 0.033 Million |
|
3250 |
Equity Shares Class A2 |
INR 10/- each |
INR 0.033 Million |
|
69904 |
Series
A1 Full and .001% Compulsorily Convertible cumulative preference share |
INR 100/- each |
INR 6.990 Million |
|
46586 |
Series
A2 Full and .001% Compulsorily Convertible cumulative preference share |
INR 100/- each |
INR 4.659 Million |
|
130865 |
Series B Full and .001% Compulsorily convertible cumulative preference share |
INR 100/- each |
INR 13.087 Million |
|
15830720 |
Series C Full and .001% Compulsorily Convertible cumulative preference share |
INR 10/- each |
INR 158.307 Million |
|
|
|
|
|
|
|
Total |
|
INR 468.979
Million |
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
43000000 |
Equity Shares |
INR 10/- each |
INR 430.000 Million |
|
3250 |
Equity Shares Class A1 |
INR 10/- each |
INR 0.033 Million |
|
3250 |
Equity Shares Class A2 |
INR 10/- each |
INR 0.032 Million |
|
247355 |
Series
A1 Full and .001% Compulsorily Convertible cumulative preference share |
INR 100/- each |
INR 24.736 Million |
|
15830950 |
Series
C Full and .001% Compulsorily Convertible cumulative preference share |
INR 10/- each |
INR 158.310 Million |
|
247355 |
Series A2 Full and .001% Compulsorily convertible cumulative preference share |
INR 100/- each |
INR 24.735 Million |
|
247355 |
Series B Full and .001% Compulsorily Convertible cumulative preference share |
INR 100/- each |
INR 24.735 Million |
|
|
|
|
|
|
|
Total |
|
INR 662.581
Million |
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28587000 |
Equity Shares |
INR 10/- each |
INR 285.870 Million |
|
3250 |
Equity Shares Class A1 |
INR 10/- each |
INR 0.033 Million |
|
3250 |
Equity Shares Class A2 |
INR 10/- each |
INR 0.033 Million |
|
69904 |
Series
A1 Full and .001% Compulsorily Convertible cumulative preference share |
INR 100/- each |
INR 6.990 Million |
|
15830720 |
Series
C Full and .001% Compulsorily Convertible cumulative preference share |
INR 10/- each |
INR 158.307 Million |
|
46586 |
Series A2 Full and .001% Compulsorily Convertible cumulative preference share |
INR 100/- each |
INR 4.659 Million |
|
130865 |
Series B Full and .001% Compulsorily Convertible
cumulative preference share |
INR 100/- each |
INR 13.086 Million |
|
|
|
|
|
|
|
Total |
|
INR 468.978
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 |
468.978 |
29.134 |
11.389 |
|
(b) Reserves and Surplus |
687.619 |
1286.153 |
263.872 |
|
(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) |
1156.597 |
1315.287 |
275.261 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
82.401 |
0.000 |
0.044 |
|
(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 |
4.125 |
2.461 |
2.059 |
|
Total Non-current
Liabilities (3) |
86.526 |
2.461 |
2.103 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
254.836 |
60.264 |
28.885 |
|
(b) Trade
payables |
846.899 |
366.193 |
273.305 |
|
(c) Other
current liabilities |
110.026 |
211.355 |
27.823 |
|
(d) Short-term
provisions |
6.831 |
0.120 |
0.196 |
|
Total Current
Liabilities (4) |
1218.592 |
637.932 |
330.209 |
|
|
|
|
|
|
TOTAL |
2461.715 |
1955.680 |
607.573 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
498.919 |
130.207 |
121.893 |
|
(ii)
Intangible Assets |
412.526 |
3.092 |
1.940 |
|
(iii) Tangible assets
capital work-in-progress |
23.100 |
3.381 |
8.214 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
883.312 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
9.021 |
2.128 |
1.849 |
|
(e) Other Non-current
assets |
0.095 |
62.855 |
0.095 |
|
Total Non-Current
Assets |
943.661 |
1084.975 |
133.991 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
155.000 |
354.076 |
10.937 |
|
(b)
Inventories |
475.392 |
149.593 |
115.426 |
|
(c) Trade
receivables |
784.700 |
330.077 |
260.547 |
|
(d) Cash and
bank balances |
77.112 |
30.127 |
78.181 |
|
(e)
Short-term loans and advances |
21.767 |
6.832 |
5.263 |
|
(f) Other
current assets |
4.083 |
0.000 |
3.228 |
|
Total
Current Assets |
1518.054 |
870.705 |
473.582 |
|
|
|
|
|
|
TOTAL |
2461.715 |
1955.680 |
607.573 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2892.111 |
1243.324 |
901.473 |
|
|
Other Income |
10.964 |
8.775 |
5.021 |
|
|
TOTAL |
2903.075 |
1252.099 |
906.494 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1680.161 |
612.033 |
467.037 |
|
|
Purchases of
Stock-in-Trade |
64.706 |
27.187 |
21.354 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(119.888) |
(28.550) |
(17.911) |
|
|
Employee benefit expense |
228.405 |
98.563 |
75.734 |
|
|
Other expenses |
1058.187 |
590.031 |
427.866 |
|
|
Exceptional items |
0.000 |
0.000 |
(13.232) |
|
|
TOTAL |
2911.571 |
1299.264 |
960.848 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(8.496) |
(47.165) |
(54.354) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
26.615 |
3.457 |
8.134 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(35.111) |
(50.622) |
(62.488) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
140.703 |
9.348 |
6.947 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(175.814) |
(59.970) |
(69.435) |
|
|
|
|
|
|
|
Less |
TAX |
(17.126) |
0.000 |
0.045 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(158.688) |
(59.970) |
(69.480) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
(3.552) |
(87.260) |
(112.05) |
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 |
(258.325) |
115.343 |
(67.162) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(258.767) |
114.816 |
(57.053) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
99.03 |
96.90 |
105.49 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.69 |
3.77 |
3.46 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
177.16 |
209.10 |
204.26 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
(0.02) |
(0.32) |
(0.47) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(0.01) |
(0.35) |
(0.41) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.53 |
0.33 |
0.54 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.29 |
0.05 |
0.11 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.05 |
0.49 |
1.20 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.81 |
0.10 |
0.48 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(0.32) |
(13.64) |
(6.68) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(5.49) |
(4.82) |
(7.71) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(6.45) |
(3.07) |
(11.44) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(13.72) |
(4.56) |
(25.24) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.25 |
1.36 |
1.43 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.86 |
1.13 |
1.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.47 |
0.67 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.72 |
2.07 |
2.54 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.25 |
1.36 |
1.43 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
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 |
11.389 |
29.134 |
468.978 |
|
Reserves & Surplus |
263.872 |
1286.153 |
687.619 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
275.261 |
1315.287 |
1156.597 |
|
|
|
|
|
|
Long-term borrowings |
0.042 |
0.000 |
82.401 |
|
Short term borrowings |
28.885 |
60.264 |
254.836 |
|
Total
borrowings |
28.927 |
60.264 |
337.237 |
|
Debt/Equity
ratio |
0.105 |
0.046 |
0.292 |
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 |
901.473 |
1243.324 |
2892.111 |
|
|
|
37.921 |
132.611 |
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 |
901.473 |
1243.324 |
2892.111 |
|
Profit/ (Loss) |
(69.480) |
(59.970) |
(158.688) |
|
|
(7.71
%) |
(4.82
%) |
(5.49
%) |
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 |
No |
|
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 |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
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 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G77350171 |
100155635 |
THE FEDERAL BANK
LIMITED |
02/02/2018 |
- |
- |
650000.0 |
PALARIVATTOM BRANCHERNAKULAMERNAKULAMKL682025IN |
|
2 |
G74148735 |
100148267 |
HDFC BANK LIMITED |
02/01/2018 |
- |
- |
141000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
G53016937 |
100121720 |
HDFC BANK LIMITED |
07/08/2017 |
- |
- |
60000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
4 |
G38186961 |
100082723 |
THE FEDERAL BANK
LIMITED |
27/01/2017 |
- |
- |
62000000.0 |
PALARIVATTOM
BRANCHERNAKULAMKL682025IN |
|
5 |
G35360346 |
10583030 |
HDFC BANK LIMITED |
05/05/2015 |
20/12/2016 |
- |
100000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARG,LOWER PARELMUMBAIMH400013IN |
|
6 |
G37967742 |
10540676 |
THE FEDERAL BANK
LIMITED |
20/11/2014 |
27/01/2017 |
- |
20000000.0 |
PALARIVATTOM BRANCHERNAKULAMKL682025IN |
|
7 |
G37967262 |
10267001 |
THE FEDERAL BANK
LIMITED |
08/02/2011 |
27/01/2017 |
- |
10000000.0 |
PALARIVATTOM
BRANCHERNAKULAMKL682025IN |
|
8 |
G36498848 |
10266990 |
THE FEDERAL BANK
LIMITED |
07/02/2011 |
27/01/2017 |
- |
180000000.0 |
PALARIVATTOM
BRANCHERNAKULAMKL682025IN |
|
9 |
C51740363 |
10541137 |
HDFC BANK LIMITED |
24/11/2014 |
- |
20/04/2015 |
1200000.0 |
MILLENIUM TOWER,
4TH FLOOR, BHANDARKAR ROAD,OPP SANE DAIRY, DECCAN GYMKHANA SHIVAJI
NAGAR,PUNEMH411004IN |
|
10 |
C24809220 |
90085521 |
CANARA BANK |
24/10/2000 |
15/03/2003 |
26/09/2014 |
500000.0 |
KOREGAON PARK
BRANCHPUNEMH411001IN |
FIXED ASSETS:
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Leasehold improvements
Intangible assets
- Computer
software
- Goodwill
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 67.53 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHIT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
NO |
|
--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.