|
|
|
MIRA INFORM REPORT
|
Report No. : |
508810 |
|
Report Date : |
19.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
FROST INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
709- C Wing, One BKC, Near Indian Oil Petrol Pump, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra |
|
Tel. No.: |
91-22-62494444 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
17.05.1995 |
|
|
|
|
Com. Reg. No.: |
11-243081 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 749.262 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05001MH1995PLC243081 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0695001086 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF2299P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and exporter of bullion, goods, leather, chemicals,
spices, condiments, agri-commodities, minerals, metals, coal, coke, plastic,
polymers, synthetic items, paper, packing materials, engineering goods,
electronics, scientific goods, equipment, jute, silk, yarn, textiles,
ready-made garments, cattle food and commodities. [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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 21000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 1995 and it is trader, exporter and importer of bullion, goods, leather, chemicals and spices. 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 a minimal profit margin of 0.35%. Rating takes into consideration the company’s established track record of business operations marked by healthy financial risk profile along with strong debt coverage indicators and good liquidity position. Further, the company has reported earnings per share of INR 7.23 against its face value of INR 10. Payments seems to be regular. In view of aforesaid, the company can be considered good 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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.
INFORMATION DENIED BY
|
Name : |
Ms. Poonam |
|
Designation : |
Accounts Assistant |
|
Contact No.: |
91-22-62494444 |
|
Date : |
13.05.2018 |
Management Non-Cooperative (91-22-28240901)
LOCATIONS
|
Registered Office : |
709- C Wing, One BKC, Near Indian Oil Petrol Pump, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-62494444 |
|
Mobile : |
91-9838070338 (Mr. Magendra Shukla) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Kolkata Office / Warehouse : |
S.B. Tower, Unit 4 - 4D, 3rd Floor, 37, Shakespeare Sarani,
Kolkata - 700 017, West Bengal, India |
|
Tel. No.: |
91-33-40164444 |
|
Fax No.: |
91-33-40164474 |
|
|
|
|
Corporate Office : |
402, Kalpana Plaza, 24/147-B, Birhana Road, Kanpur – 208 001, Uttar
Pradesh, India |
|
Tel. No.: |
91-512-2379246 |
|
Fax No.: |
91-512-2348188 |
|
|
|
|
Ahmedabad Office / Branch Office : |
# 406, 4th Floor, Sail’s Mall, B/H, Girish Cold Drink, C.G.
Road, Navrangpura, Ahmedabad – 380 009, Gujarat, India |
|
Tel. No.: |
91-79-26563233 |
|
Fax No.: |
91-79-40091115 |
|
E-Mail : |
|
|
|
|
|
Head Office and
International Marketing Division : |
Aria Towers - 3rd Floor, Commercial Block, JW Marriott
Hotel, Aerocity, |
|
Tel. No.: |
91-11-40694444 |
|
Fax No.: |
91-11-40694474 |
|
|
|
|
Overseas Branch Office : |
No. 10, Anson Road, 18-24, International Plaza, Singapore - 079903 |
|
Tel. No.: |
+65-62278086 |
|
Fax No.: |
+65-62278682 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Uday Jayant Desai |
|
Designation : |
Managing Director |
|
Address : |
3A/90, Azad Nagar, Kanpur – 208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
02.07.1956 |
|
Date of Appointment : |
31.05.1995 |
|
Qualification : |
Graduate |
|
PAN No.: |
ADZPD0907B |
|
DIN No.: |
00039009 |
|
|
|
|
Name : |
Mr. Sunil Verma |
|
Designation : |
Whole time Director |
|
Address : |
3A/217, Azad Nagar, Kanpur - 208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
04.10.1957 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
31.05.1995 |
|
PAN No.: |
ABUPV8567G |
|
DIN No.: |
00038861 |
|
|
|
|
Name : |
Mr. Anoop Kumar Wadhera |
|
Designation : |
Whole-time Director |
|
Address : |
9/1, Sarva Priya Vihar, New Delhi - 110016, India |
|
Date of Birth/Age : |
25.09.1956 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
31.05.1995 |
|
PAN No.: |
AABPW8226F |
|
DIN No.: |
00335211 |
|
|
|
|
Name : |
Mr. Sujay Uday Desai |
|
Designation : |
Director |
|
Address : |
3A/90, Azad Nagar, Kanpur - 208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
18.05.1983 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
19.07.2011 |
|
PAN No.: |
AGRPD9999E |
|
DIN No.: |
00039105 |
|
|
|
|
Name : |
Krishnavadan Popatlal Shah |
|
Designation : |
Director |
|
Address : |
801, Gopal Krishna Apartment, Dumas Road, Surat - 395007, Gujarat, India |
|
Date of Birth/Age : |
09.09.1931 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
04.02.2010 |
|
DIN No.: |
02908268 |
|
|
|
|
Name : |
Prabhjot Singh |
|
Designation : |
Director |
|
Address : |
3/B, Laxmi Road, Dalanwala, Dehradun – 248001, Uttarakhand, India |
|
Date of Birth/Age : |
08.11.1965 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
02.03.2010 |
|
DIN No.: |
02954935 |
|
|
|
|
Name : |
Ms. Sandhya Swarup |
|
Designation : |
Director |
|
Address : |
15/96, Civil Lines, Kanpur - 208001, Uttar Pradesh, India |
|
Date of Appointment : |
15.06.2015 |
|
DIN No.: |
06981782 |
KEY EXECUTIVES
|
Name : |
Mr. Sujay Uday Desai |
|
Designation : |
Chief Executive Officer |
|
Address : |
3A/90 Azad Nagar, Kanpur - 208002, Uttar Pradesh, India |
|
Date of Appointment : |
25.09.2014 |
|
PAN No: |
AGRPD9999E |
|
|
|
|
Name : |
Ms. Shefali Gupta |
|
Designation : |
Company Secretary |
|
Address : |
7/105-A, The Villa Apartment-2, F. No. 604, Swaroop Nagar,
Kanpur – 208002, Uttar Pradesh, India |
|
Date of Appointment : |
10.04.2018 |
|
PAN No: |
BTAPG6450Q |
|
|
|
|
Name : |
Mr. Atul Rastogi |
|
Designation : |
Chief Finance Officer |
|
Address : |
403 Ramnika, 7/186 Swaroop Nagar, Kanpur – 208002, Uttar Pradesh,
India |
|
Date of Appointment : |
25.09.2014 |
|
PAN No: |
ABPPR2829E |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Sunil Verma |
3558339 |
|
Uday J. Desai |
6250201 |
|
Anoop Kumar Wadhera |
1544450 |
|
Nilima U. Desai |
11263073 |
|
Rita Verma |
7314546 |
|
Poonam Wadhera |
64475 |
|
Uday J. Desai Huf |
6704581 |
|
Sunil Verma Huf |
2042540 |
|
Saral Verma |
7240376 |
|
Sujay U. Desai |
14265379 |
|
Suman Desai |
4298490 |
|
Nipun Verma |
5460439 |
|
Sanjana Desai |
2568323 |
|
Anoop Kumar Wadhera Huf |
60000 |
|
Sanjay Sanganeria |
1000 |
|
Globiz Exim Private Limited |
240000 |
|
Olympic Oil Industries Limited |
2050000 |
|
|
|
|
Total |
74926212 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
96.94 |
|
Promoters [Bodies
corporate] |
0.32 |
|
Public/Other than promoters [Body corporate] |
2.74 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and exporter of bullion, goods, leather, chemicals,
spices, condiments, agri-commodities, minerals, metals, coal, coke, plastic, polymers,
synthetic items, paper, packing materials, engineering goods, electronics,
scientific goods, equipment, jute, silk, yarn, textiles, ready-made garments,
cattle food and commodities. [Registered
Activity] |
||||||||||||||||||
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|
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|
Products / Services
: |
|
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|
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|
Brand Names : |
Not Available |
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|
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|
Agencies Held : |
Not Available |
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|
Exports : |
Not Divulged |
||||||||||||||||||
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|
||||||||||||||||||
|
Imports : |
Not Divulged |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
|||||||||||||||||||||||||||
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Bankers : |
|
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Rajiv Mehrotra and Associates Chartered Accountants |
|
Address : |
3/3- A, Vishnupuri, Kanpur, Uttar Pradesh, India |
|
PAN No.: |
AAFFR0926B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
·
FTA HSRP Solutions Private Limited [CIN No.:
U74140GJ2012PTC068782] |
|
|
|
|
Associates : |
·
Agros Impex India Private Limited [CIN No.:
U51909DL1998PTC095170] ·
AFT HSRP Solutions Private Limited [CIN No.:
U74999AS2012PTC010954] ·
HSRP Solutions (Punjab) Private Limited [CIN No.:
U74900PB2012PTC036015] |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
INR 10/- each |
INR 800.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
74926212 |
Equity Shares |
INR 10/- each |
INR 749.262 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
749.262 |
500.619 |
295.000 |
|
(b) Reserves & Surplus |
6634.640 |
6093.161 |
5292.574 |
|
(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) |
7383.902 |
6593.780 |
5587.574 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1201.447 |
1427.459 |
1352.349 |
|
(b) Trade payables |
1.000 |
0.030 |
0.000 |
|
(c) Deferred tax
liabilities (Net) |
20.508 |
49.639 |
48.963 |
|
(d) Other long term
liabilities |
0.000 |
0.000 |
0.030 |
|
(e) long-term provisions |
17.237 |
18.177 |
0.000 |
|
Total Non-current
Liabilities (3) |
1240.192 |
1495.305 |
1401.342 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1289.100 |
1297.740 |
2758.031 |
|
(b) Trade payables |
64354.691 |
67272.860 |
61084.784 |
|
(c) Other current
liabilities |
794.429 |
1722.749 |
2672.991 |
|
(d) Short-term provisions |
6.475 |
6.222 |
493.692 |
|
Total Current Liabilities
(4) |
66444.695 |
70299.571 |
67009.498 |
|
|
|
|
|
|
TOTAL |
75068.789 |
78388.656 |
73998.414 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
357.590 |
377.783 |
786.043 |
|
(ii) Intangible Assets |
0.225 |
0.400 |
0.000 |
|
(iii) Capital
work-in-progress |
419.806 |
391.012 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
491.171 |
443.752 |
416.875 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
506.708 |
|
(e) Other Non-current
assets |
449.956 |
507.618 |
23.585 |
|
Total Non-Current Assets |
1718.748 |
1720.565 |
1733.211 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
126.147 |
45.177 |
33.476 |
|
(b) Inventories |
321.479 |
350.671 |
623.830 |
|
(c) Trade receivables |
39151.178 |
26687.906 |
28273.843 |
|
(d) Cash and cash
equivalents |
30730.173 |
46759.150 |
40759.001 |
|
(e) Short-term loans and
advances |
2963.531 |
2788.071 |
1608.350 |
|
(f) Other current assets |
57.533 |
37.116 |
966.703 |
|
Total Current Assets |
73350.041 |
76668.091 |
72265.203 |
|
|
|
|
|
|
TOTAL |
75068.789 |
78388.656 |
73998.414 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
154478.068 |
166379.752 |
143588.897 |
|
|
|
|
Other Income |
46.944 |
57.138 |
66.983 |
|
|
|
|
TOTAL |
154525.012 |
166436.890 |
143655.880 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Purchase of Stock-in-trade |
152050.414 |
163133.740 |
141198.255 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
29.192 |
273.159 |
(194.890) |
|
|
|
|
Employee Benefits Expenses |
108.798 |
102.508 |
122.003 |
|
|
|
|
CSR expenditure |
0.000 |
0.000 |
6.798 |
|
|
|
|
Exceptional items |
0.872 |
10.643 |
0.000 |
|
|
|
|
Other expenses |
458.497 |
553.466 |
332.659 |
|
|
|
|
TOTAL |
152647.773 |
164073.516 |
141464.825 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1877.239 |
2363.374 |
2191.055 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
1111.047 |
1016.064 |
779.634 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
766.192 |
1347.310 |
1411.421 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
29.255 |
31.211 |
29.435 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
736.937 |
1316.099 |
1381.986 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
196.027 |
451.413 |
475.344 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
540.910 |
864.686 |
906.642 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
F.O.B. Value of Exports |
NA |
1602.032 |
134075.672 |
|
|
|
TOTAL EARNINGS |
NA |
1602.032 |
134075.672 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Capital Goods |
NA |
0.000 |
122871.433 |
|
|
|
TOTAL IMPORTS |
NA |
0.000 |
122871.433 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
7.23 |
17.19 |
33.69 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
17.175 |
31.432 |
38.454 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
1059.285 |
1676.983 |
9086.515 |
|
Net cash flows from (used in) operating activities |
833.257 |
1215.604 |
8611.171 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
92.51 |
58.55 |
71.87 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.95 |
6.23 |
5.08 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
154.48 |
150.52 |
157.91 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
5.84 |
6.74 |
3.51 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.41 |
3.07 |
2.79 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.90 |
0.92 |
0.92 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.34 |
0.42 |
0.74 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
9.00 |
10.66 |
11.99 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.11 |
0.12 |
0.14 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.69 |
2.33 |
2.81 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
0.35 |
0.52 |
0.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.72 |
1.10 |
1.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.33 |
13.11 |
16.23 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets /
Current Liabilities) |
1.10 |
1.09 |
1.08 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.10 |
1.09 |
1.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.10 |
0.08 |
0.08 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.35 |
5.51 |
14.06 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.10 |
1.09 |
1.08 |
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 |
295.000 |
500.619 |
749.262 |
|
Reserves & Surplus |
5292.574 |
6093.161 |
6634.640 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5587.574 |
6593.780 |
7383.902 |
|
|
|
|
|
|
Long Term borrowings |
1352.349 |
1427.459 |
1201.447 |
|
Short Term borrowings |
2758.031 |
1297.740 |
1289.100 |
|
Current maturities of long term debt |
38.454 |
31.432 |
17.175 |
|
Total
borrowings |
4148.834 |
2756.631 |
2507.722 |
|
Debt/Equity
ratio |
0.743 |
0.418 |
0.340 |
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
|
143588.897 |
166379.752 |
154478.068 |
|
|
|
15.872 |
(7.153) |
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
|
143588.897 |
166379.752 |
154478.068 |
|
Profit/(Loss) |
906.642 |
864.686 |
540.910 |
|
|
0.63% |
0.52% |
0.35% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
749.262 |
500.619 |
|
(b) Reserves &
Surplus |
|
7580.233 |
6925.660 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
(d) Non-controlling
Interest |
|
552.347 |
452.797 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
8881.842 |
7879.076 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1835.612 |
1623.420 |
|
(b) Trade payables |
|
20.907 |
0.030 |
|
(c) Deferred tax
liabilities (Net) |
|
9.503 |
34.745 |
|
(d) Other long term
liabilities |
|
0.000 |
0.000 |
|
(e) long-term provisions |
|
17.237 |
18.177 |
|
Total Non-current
Liabilities (3) |
|
1883.259 |
1676.372 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
5289.883 |
5292.686 |
|
(b) Trade payables |
|
64706.291 |
67765.821 |
|
(c) Other current
liabilities |
|
887.238 |
1803.637 |
|
(d) Short-term provisions |
|
6.475 |
6.222 |
|
Total Current Liabilities
(4) |
|
70889.887 |
74868.366 |
|
|
|
|
|
|
TOTAL |
|
81654.988 |
84423.814 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
489.370 |
520.408 |
|
(ii) Intangible Assets |
|
0.225 |
0.400 |
|
(iii) Capital
work-in-progress |
|
429.669 |
400.875 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(v) Investment property |
|
164.044 |
132.208 |
|
(b) Non-current Investments |
|
59.634 |
49.430 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
450.850 |
508.147 |
|
Total Non-Current Assets |
|
1593.792 |
1611.468 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
126.147 |
42.743 |
|
(b) Inventories |
|
369.378 |
379.735 |
|
(c) Trade receivables |
|
44143.719 |
31544.236 |
|
(d) Cash and cash
equivalents |
|
32323.222 |
47965.549 |
|
(e) Short-term loans and
advances |
|
3038.425 |
2838.163 |
|
(f) Other current assets |
|
60.305 |
41.920 |
|
Total Current Assets |
|
80061.196 |
82812.346 |
|
|
|
|
|
|
TOTAL |
|
81654.988 |
84423.814 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
189372.237 |
199003.071 |
|
|
Other Income |
|
132.450 |
171.245 |
|
|
TOTAL |
|
189504.687 |
199174.316 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
186219.522 |
195116.485 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
27.858 |
329.752 |
|
|
Employees benefits
expense |
|
237.027 |
222.469 |
|
|
Exceptional Items |
|
105.909 |
134.281 |
|
|
Other expenses |
|
676.884 |
715.736 |
|
|
TOTAL |
|
187267.200 |
196518.723 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
2237.487 |
2655.593 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
1244.592 |
1149.993 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
992.895 |
1505.600 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
55.581 |
59.142 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
937.314 |
1446.458 |
|
|
|
|
|
|
|
Less |
TAX |
|
252.353 |
493.370 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
684.961 |
953.088 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
|
9.15 |
19.04 |
LEGAL CASES
|
CITY CIVIL COURT,
CALCUTTA Case Details
Case
Type : MISCCASE Case Status
First Hearing Date : 17th July 2015 Petitioner
and Advocate
1) M/S. ALPINE MINEMETALS INDIA PVT LTD Respondent
and Advocate
1) FROST INTERNATIONAL LIMITED Acts
|
|
CITY CIVIL COURT,
CALCUTTA Case Details
Case
Type : MISCCASE Case Status
First Hearing Date : 17th July 2015 Petitioner
and Advocate
1) M/S. ALPINE MINEMETALS INDIA PVT LTD Respondent
and Advocate
1) FROST INTERNATIONAL LIMITED Acts
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
NOTE: The registered office of the company
has been shifted from 907-910, Meadows, Sahar Plaza, Andheri Kurla Road,
Andheri (East) Mumbai – 400059, Maharashtra,
India to the present address.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Rupee term loans from others |
0.000 |
254.400 |
|
Deposits from others |
514.569 |
529.945 |
|
Loans and advances from related parties |
637.124 |
606.865 |
|
|
|
|
|
Total |
1151.693 |
1391.210 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G59835801 |
100130957 |
INDIAN OVERSEAS BANK |
08/09/2017 |
- |
- |
5800000.0 |
MALL ROAD BRANCHKANPURKANPURUP208001IN |
|
2 |
G42516351 |
100094172 |
CANARA BANK |
18/03/2017 |
- |
- |
50000000.0 |
1ST FLOOR, 'A' WING CANARA BANK BUILDINGC-14, G-BLOCK, BANDRA KURLA COMLEX, BANDRA (EAST)MUMBAIMH400051IN |
|
3 |
G41198128 |
100090140 |
INDIAN OVERSEAS BANK |
18/01/2017 |
- |
- |
7000000.0 |
MALL ROAD BRANCHKANPURKANPURUP208001IN |
|
4 |
G19523950 |
100057648 |
INDIAN OVERSEAS BANK |
06/10/2016 |
- |
- |
15000000000.0 |
GARG NARONHA COMPLEX 17/9THE MALLKANPURUP208001IN |
|
5 |
G36125334 |
100032615 |
BANK OF INDIA |
20/05/2016 |
30/01/2017 |
- |
7567500000.0 |
MID CORPORATE BRANCHTHAPAR HOUSEKANPURUP208001IN |
|
6 |
G04642914 |
100029658 |
ORIENTAL BANK OF COMMERCE |
11/03/2016 |
- |
- |
150000000.0 |
LARGE CORPORATE BRANCHE- BLOCK, HARSHA BHAWAN, CONNAUGHT CIRCUSNEW DELHI DL110001IN |
|
7 |
G54204359 |
10529799 |
BANK OF INDIA |
12/05/2014 |
04/03/2017 |
- |
40940000000.0 |
MID CORPORATE BRANCH 26/41THAPPER HOUSE BIRHANA ROAD, KANPURKANPURUP208001IN |
|
8 |
C00550137 |
10485235 |
ORIENTAL BANK OF COMMERCE |
12/03/2014 |
- |
- |
4050000000.0 |
I FB -A BLOCKCONNAUGHT PLACENEW DELHI DL110001IN |
|
9 |
B93814580 |
10382924 |
ORIENTAL BANK OF COMMERCE |
31/08/2012 |
20/11/2013 |
- |
385000000.0 |
M-1/2/3CANNAUGHT CIRCUSNEW DELHI DL110001IN |
|
10 |
B44403269 |
10078877 |
INDIAN OVERSEAS BANK |
03/11/2007 |
20/07/2012 |
- |
143000000.0 |
GARG NARONHA COMPLEX17/9 THE MALLKANPURUP 208001IN |
FIXED ASSETS:
· Land
· Buildings
· Office building
· Factory building
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
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
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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.