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MIRA INFORM REPORT
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Report No. : |
508987 |
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Report Date : |
19.05.2018 |
IDENTIFICATION DETAILS
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Name : |
GILL AND COMPANY PRIVATE LIMITED (w.e.f. 18.11.2004) |
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Formerly Known
As : |
GILL AND COMPANY LIMITED |
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Registered
Office : |
2nd Floor, N T C House, Narottam Morarji Marg, Ballard
Estate, Mumbai – 400038, Maharashtra |
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Tel. No.: |
91-22-22615001 / 02 / 03 / 04 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
26.02.1947 |
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Com. Reg. No.: |
11-005589 |
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Capital
Investment / Paid-up Capital : |
INR 9.000 Million |
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CIN No.: [Company Identification
No.] |
U51491MH1947PTC005589 |
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IEC No.: [Import-Export
Code No.] |
0388114100 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACG3743M1ZF |
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TIN No.: |
27390031404 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACG3743M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject has following businesses: i. To carry on business of cotton bales as cotton merchants, brokers and mukkadams. ii. Dealing in commodities, seeds, commission income and investment income. [Registered Activity] |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 1300000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1947. It is engaged in trading in
raw-cotton, cotton seeds, etc. As per available financials of FY 2017, the company has achieved 11.08%
growth in its revenue as compared to the previous year but has reported a low
profit margin of 0.03%. The sound financial risk profile of the company is marked by adequate
net worth base along with comfortable debt balance sheet profile. Rating takes into consideration the subjects long established track
record of business operations along with extensive experience of its
promoters. Payment seems to be usually correct. In view of the aforesaid, 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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long Term Rating – Fund Based = BBB- |
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Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
07.04.2018 |
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 19.05.2018
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.
LOCATIONS
|
Registered Office : |
2nd Floor, N T C House, Narottam Morarji Marg, Ballard
Estate, Mumbai – 400038, Maharashtra, India |
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Tel. No.: |
91-22-22615001 / 02 / 03 / 04 |
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Fax No.: |
91-22-22655069 / 22620598 |
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E-Mail : |
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Website : |
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Branch Offices : |
Located At:
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DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Jayant Bhogilal Shah |
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Designation : |
Director |
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Address : |
15, Hill Park, A G Bell Marg, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
18.11.1947 |
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Date of Appointment : |
27.02.1990 |
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DIN No.: |
01426873 |
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Other Directorship:
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Name : |
Mr. Mohit Dhirajlal Shah |
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Designation : |
Director |
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Address : |
Yazad-E-Khursheed, Ground Floor, Altamount Road, Mumbai – 400026,
Maharashtra, India |
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Date of Birth/Age : |
15.09.1974 |
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Date of Appointment : |
11.11.1996 |
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DIN No.: |
02033178 |
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Other Directorship:
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Name : |
Mr. Rishabh Jayant Shah |
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Designation : |
Director |
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Address : |
15, Hill Park, A G Bell Marg, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
15.04.1979 |
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Date of Appointment : |
30.09.2011 |
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DIN No.: |
01397806 |
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Other Directorship:
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
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Names of Shareholders |
|
No. of Shares |
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Jayant Bhogilal
Shah |
|
4528 |
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Mohit Dhirajlal
Shah |
|
4619 |
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Kiran Dhirajlal
Shah |
|
218 |
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Rupa Dhirajlal Shah
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|
1708 |
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Suresh Bhogilal
Shah |
|
272 |
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Rishabh Jayant Shah
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|
1770 |
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Bombay Allied
Contractors Private Limited |
|
428 |
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Peter John Rigby |
|
143 |
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William John Rigby |
|
142 |
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Kailas Chandulal
Daftary |
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10 |
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Bhanuben Jayanand |
|
887 |
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Sudha Udayan Shah |
|
79 |
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Devika Sobhagmal
Shah |
|
557 |
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Devika Dinesh
Jaitha |
|
78 |
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Bharati Shobhagmal
Shah |
|
79 |
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Harish Manilal Shah
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|
600 |
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T. Kannan |
|
1 |
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Julie S. Masand |
|
96 |
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Giradharilal B.
Masand |
|
48 |
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Shandas B. Masand |
|
48 |
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Bharatlal B. Masand
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|
48 |
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Sameer Kantilal
Shah |
|
319 |
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Jason Kantilal Shah
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|
289 |
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Nina Kantilal Shah |
|
289 |
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Jyoti R. Ajmera |
|
524 |
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Jyoti Ramesh Shah |
|
120 |
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Yogendra Shah |
|
100 |
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Total
|
|
18000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
72.87 |
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Promoters- Body corporate |
2.37 |
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Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
24.76 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject has following businesses: i. To carry on business of cotton bales as cotton merchants, brokers and mukkadams. ii. Dealing in commodities, seeds, commission income and investment income. [Registered Activity] |
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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 : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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Name : |
S. S. Jhunjhunwala and Company Chartered Accountants |
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Address : |
1 Ekveera Apartment, Ground Floor, 32 Underai Road Malad -West Mumbai – 400064, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAGFS6934F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary: |
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Enterprises over
which KMP and relatives of KMP have significant influence: |
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CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
18000 |
Equity Shares |
INR 500/- each |
INR 9.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
18000 |
Equity Shares |
INR 500/- each |
INR 9.000 Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
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|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
9.000 |
9.000 |
9.000 |
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(b) Reserves and Surplus |
456.795 |
454.901 |
431.470 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’
Funds (1) + (2) |
465.795 |
463.901 |
440.470 |
|
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(3)
Non-Current Liabilities |
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|
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|
(a) long-term borrowings |
2.773 |
2.613 |
2.309 |
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(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) |
2.773 |
2.613 |
2.309 |
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(4)
Current Liabilities |
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|
|
|
(a) Short-term
borrowings |
757.536 |
182.323 |
204.016 |
|
(b) Trade
payables |
305.485 |
104.746 |
71.418 |
|
(c) Other
current liabilities |
82.401 |
30.515 |
16.933 |
|
(d) Short-term
provisions |
0.000 |
3.249 |
1.087 |
|
Total Current
Liabilities (4) |
1145.422 |
320.833 |
293.454 |
|
|
|
|
|
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TOTAL |
1613.990 |
787.347 |
736.233 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
69.656 |
73.800 |
79.850 |
|
(ii)
Intangible Assets |
3.636 |
4.626 |
5.534 |
|
(iii) Tangible assets capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
7.942 |
9.128 |
9.698 |
|
(c) Deferred tax assets (net) |
4.425 |
5.809 |
11.505 |
|
(d)
Long-term loans and advances |
39.878 |
30.287 |
36.048 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
125.537 |
123.650 |
142.635 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
524.441 |
211.714 |
344.722 |
|
(c) Trade
receivables |
603.409 |
171.892 |
23.702 |
|
(d) Cash and
bank balances |
28.388 |
61.539 |
30.610 |
|
(e)
Short-term loans and advances |
299.120 |
203.810 |
183.762 |
|
(f) Other current
assets |
33.095 |
14.742 |
10.802 |
|
Total
Current Assets |
1488.453 |
663.697 |
593.598 |
|
|
|
|
|
|
TOTAL |
1613.990 |
787.347 |
736.233 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
6937.231 |
6245.317 |
2153.347 |
|
|
Other Income |
11.963 |
24.354 |
24.145 |
|
|
TOTAL |
6949.194 |
6269.671 |
2177.492 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
7021.630 |
5864.103 |
2206.383 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(312.727) |
133.008 |
(133.590) |
|
|
Employee benefit expense |
31.937 |
30.800 |
29.527 |
|
|
Other expenses |
171.964 |
153.131 |
71.307 |
|
|
TOTAL |
6912.804 |
6181.042 |
2173.627 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
36.390 |
88.629 |
3.865 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
22.867 |
39.238 |
13.554 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
13.523 |
49.391 |
(9.689) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.394 |
9.815 |
14.342 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
5.129 |
39.576 |
(24.031) |
|
|
|
|
|
|
|
Less |
TAX |
3.234 |
12.896 |
(9.203) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1.895 |
26.680 |
(14.828) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
6551.388 |
5998.182 |
1884.722 |
|
|
TOTAL EARNINGS |
6551.388 |
5998.182 |
1884.722 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
105.28 |
1482.22 |
(823.78) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
2.199 |
1.496 |
1.001 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(6.199) |
68.720 |
(17.353) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(8.049) |
66.456 |
(17.353) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
31.75 |
10.05 |
4.02 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
11.50 |
36.33 |
90.85 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
15.88 |
6.52 |
11.81 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.07 |
0.42 |
0.01 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.50 |
1.13 |
0.05 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.71 |
0.41 |
0.40 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.64 |
0.40 |
0.47 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.46 |
0.69 |
0.67 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.16 |
0.17 |
0.19 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.59 |
2.26 |
0.29 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.03 |
0.43 |
(0.69) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.12 |
3.39 |
(2.01) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.41 |
5.75 |
(3.37) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.30 |
2.07 |
2.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.84 |
1.41 |
0.85 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.59 |
0.60 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
84.72 |
20.71 |
23.04 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.30 |
2.07 |
2.02 |
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 |
9.000 |
9.000 |
9.000 |
|
Reserves & Surplus |
431.470 |
454.901 |
456.795 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
440.470 |
463.901 |
465.795 |
|
|
|
|
|
|
Long-term borrowings |
2.309 |
2.613 |
2.773 |
|
Short term borrowings |
204.016 |
182.323 |
757.536 |
|
Current maturities of
long-term debts |
1.001 |
1.496 |
2.199 |
|
Total
borrowings |
207.326 |
186.432 |
762.508 |
|
Debt/Equity
ratio |
0.471 |
0.402 |
1.637 |
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 |
2153.347 |
6245.317 |
6937.231 |
|
|
|
190.028 |
11.079 |
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 |
2153.347 |
6245.317 |
6937.231 |
|
Profit/ (Loss) |
(14.828) |
26.680 |
1.895 |
|
|
(0.69
%) |
0.43
% |
0.03
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
9.000 |
9.000 |
|
(b) Reserves and Surplus |
|
412.511 |
412.002 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
421.511 |
421.002 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2.773 |
2.613 |
|
(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) |
|
2.773 |
2.613 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
757.536 |
183.173 |
|
(b) Trade
payables |
|
306.214 |
105.443 |
|
(c) Other
current liabilities |
|
82.405 |
31.417 |
|
(d) Short-term
provisions |
|
0.000 |
3.249 |
|
Total Current
Liabilities (4) |
|
1146.155 |
323.282 |
|
|
|
|
|
|
TOTAL |
|
1570.439 |
746.897 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
112.933 |
123.338 |
|
(ii)
Intangible Assets |
|
3.636 |
4.626 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
6.313 |
6.313 |
|
(b) Non-current Investments |
|
7.842 |
9.028 |
|
(c) Deferred tax assets (net) |
|
26.690 |
24.007 |
|
(d)
Long-term loans and advances |
|
40.775 |
31.184 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
198.189 |
198.496 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
524.441 |
211.714 |
|
(c) Trade
receivables |
|
603.409 |
171.892 |
|
(d) Cash and
bank balances |
|
30.199 |
65.421 |
|
(e)
Short-term loans and advances |
|
180.399 |
84.095 |
|
(f) Other
current assets |
|
33.802 |
15.279 |
|
Total
Current Assets |
|
1372.250 |
548.401 |
|
|
|
|
|
|
TOTAL |
|
1570.439 |
746.897 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
6937.231 |
6245.317 |
|
|
Other Income |
|
14.100 |
17.908 |
|
|
TOTAL |
|
6951.331 |
6263.225 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
6930.626 |
5760.830 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(312.726) |
133.007 |
|
|
Employee benefit expense |
|
31.938 |
30.800 |
|
|
Other expenses |
|
264.095 |
257.544 |
|
|
Prior period items |
|
0.123 |
0.000 |
|
|
TOTAL |
|
6914.056 |
6182.181 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
37.275 |
81.044 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
22.947 |
39.239 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
14.328 |
41.805 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
14.653 |
17.349 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(0.325) |
24.456 |
|
|
|
|
|
|
|
Less |
TAX |
|
(0.834) |
10.889 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
0.509 |
13.567 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
|
28.28 |
753.72 |
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 |
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 |
CORPORATE INFORMATION:
Subject has following businesses:
i. To carry on business of cotton bales as cotton merchants, brokers and mukkadams.
ii. Dealing in commodities, seeds, commission income and investment income.
PERFORMANCE OF THE COMPANY
Though Indian
economy continues to be one of the fasted growing economies in the world, the
world economy remained subdue. The Company being engaged in export, this had an
adverse impact on its business.
The Company
achieved a total revenue of INR 6949.194 Million including other income of INR
11.963 Million as against INR 6269.671 Million in the previous year. The
pre-tax profit was also lower at INR 5.129 Million against INR 39.576 Million a
year ago.
FUTURE OUTLOOK
According to World
Economic Outlook (WEO) update, work economy is projected to pick-up in 2017.
However, much depends on uncertainties surrounding the policy of the U.S.
administration and its global ramifications. Amongst advanced economies, U.S.
witnessed a strong revival of economic activities and its is expected to grow
at 2.3% for 2017. IMF has updated its U.K. growth forecast after the Brexit and
U.K. economy is to grow by 1.5% in 071. Economy of other developed countries
viz. Germany, Japan and Spain is also projected to grow in 2017 mainly on
account of stronger than expected performance during the latter part of 2016.
The emerging market and developing economies is also expected to show stronger
growth in 2017-2018. Possible shift towards inward looking policy and
protectionism, sharp tightening in global financial condition, increased
geopolitical tension and more sever slow down in China are notable negative
risk factors to expected economic growth.
Good monsoon in
India may result in procurement of cotton and other agri commodities at
reasonable price, but export demand shall remain cause of concern to the
management of the Company.
The Directors are
optimist about the future of the Company. Efforts are being made to increase
both export and local sales. Loans, Guarantees and investments
The Company has not
given any loan or guarantee. The Company has made investments in shares,
securities and bonds, details of which are provided in the financial
statements.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
0.193 |
0.000 |
|
Total |
0.193 |
0.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G44392025 |
100099348 |
SYNDICATE BANK |
29/03/2017 |
- |
- |
150000000.0 |
NARIMAN POINT
BRANCH227, NARIMAN BHAVAN, NARIMAN POINTMUMBAIMH400021IN |
|
2 |
C81960445 |
10627763 |
UNION BANK OF
INDIA |
24/02/2016 |
- |
- |
585000.0 |
RETAIL MART, MUMBAI
SAMACHAR MARG BRANCH,FORTMUMBAIMH400023IN |
|
3 |
C54959861 |
10571987 |
UNION BANK OF
INDIA |
25/05/2015 |
- |
- |
1268000.0 |
RETAIL MART,
MUMBAI SAMACHAR MARG BRANCH,66/80, MUMBAI SAMACHAR MARG,
FORT,MUMBAIMH400023IN |
|
4 |
C41610999 |
10545447 |
UNION BANK OF
INDIA |
30/12/2014 |
- |
- |
940000.0 |
MUMBAI SAMACHAR
MARG,FORTMUMBAIMH400002IN |
|
5 |
A22732275 |
10066756 |
BANK OF INDIA |
23/08/2007 |
- |
- |
500000000.0 |
MUMBAI CORPORATE BANKING
BRANCH , 70/80 M G ROAD,4TH FLOOR , FORT ,MUMBAIMH400023IN |
|
6 |
G76394162 |
90240269 |
UNION BANK OF
INDIA |
13/09/1996 |
12/01/2018 |
- |
302000000.0 |
239, VIDHAN BHAVAN
MARG,NARIMAN POINTMUMBAIMH400021IN |
|
7 |
G76387653 |
80026316 |
UNION BANK OF
INDIA |
13/09/1996 |
12/01/2018 |
- |
600000000.0 |
239, VIDHAN BHAVAN
MARG,NARIMAN POINTMUMBAIMH400021IN |
|
8 |
G36500700 |
10036207 |
STANDARD CHARTERED
BANK |
23/01/2007 |
26/11/2009 |
14/02/2017 |
1000000000.0 |
90, M.G. ROAD, FORTMUMBAIMH400001IN |
|
9 |
C64071020 |
10157376 |
STANDARD CHARTERED
BANK |
15/05/2009 |
- |
09/09/2015 |
800000000.0 |
90, M.G. ROAD,
FORTMUMBAIMH400001IN |
|
10 |
C39855333 |
10290789 |
ICICI BANK LIMITED |
13/05/2011 |
- |
19/12/2014 |
300000000.0 |
LANDMARKRACE
COURCE CIRCLEALKAPURIBARODAGJ390015IN |
FIXED ASSETS:
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
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 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 67.96 |
|
|
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
INFORMATION DETAILS
|
Analysis Done by
: |
PRY |
|
|
|
|
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 |
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.