|
|
|
MIRA INFORM REPORT
|
Report No. : |
509751 |
|
Report Date : |
21.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
N K PROTEINS PRIVATE LIMITED (w.e.f.12.05.2015) |
|
|
|
|
Formerly Known
As : |
N K PROTEINS LIMITED MARUTI PROTEINS LIMITED |
|
|
|
|
Registered
Office : |
701, 7th Floor, Popular House, Ashram Road, Ahmedabad -
380009, Gujarat |
|
Tel. No.: |
91-79-66309999 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
27.03.1992 |
|
|
|
|
Com. Reg. No.: |
04-017403 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 64.695 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25499GJ1992PTC017403 (New) U25499GJ1992PLC017403 (old) |
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|
|
|
IEC No.: [Import-Export Code No.] |
0894002911 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN9377N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Processor, Manufacturer and Trader of all types of edible oils i.e.
Cottonseeds, Maize, Soyabean, Sunflower, Groundnut, Palm, Palmolein, etc. (Registered
activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
520 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1992. It is a manufacturer, trader and processor of Edible Oils, Cottonseeds, Maize Soya bean Sunflower and Sunflower. For the financial year 2017, the revenue of the company has increased by 16.03% but has reported low profit margin of 0.29%. The sound financial profile of the company marked by adequate networth base along with strong debt coverage indicators due to low debt balance sheet profile. The rating takes into consideration the subject’s long established track record of the business operations along with extensive experience of its promoters. However, these rating strength are partially offset by unfavourable gap between trade payables and trade receivables. Business is active. Payment seems to be slow. In view of aforesaid, the company can be considered for business dealings with some caution. Note: owners of NK Proteins Pvt Ltd, which is accused of cheating investors of National Spot Exchange Ltd (NSEL) out of INR 9690 million Gujarat high court and on Wednesday it has refused to intervene on petitions filed by its owners. As multiple litigations are pending before courts in Mumbai on this issue, the HC thought it fit to shift the proceedings before the special court in Mumbai, said Arjun Sheth, a lawyer involved in the litigation. While refusing to intervene, the HC lifted the stay on attachment of properties. However, three weeks' time has been granted to the company to move the Supreme Court. The owners of the company moved the HC against the Maharashtra government's order to the Gujarat revenue authorities to secure properties in Ahmedabad, Mehsana and Patan districts, to recover money to pay back the investors. The properties have been listed and the owners have been barred from selling them. The Maharashtra government also took measures against 24 other defaulters with NSEL, an online platform for trading in agricultural commodities, and got properties in various states attached in the interest of the investors. The total default by various companies has been pegged at INR 5, 6000 million |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 21.05.2017
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Nilesh Keshavlal Patel |
|
Designation : |
Director |
|
Contact No.: |
91-79-66309999 |
|
Date : |
16.05.2018 |
LOCATIONS
|
Registered / Corporate Office : |
701, 7th Floor, Popular House, Ashram Road, Ahmedabad -
380009, Gujarat, India |
|
Tel. No.: |
91-79-66309999 |
|
Fax No.: |
91-79-66309913/ 66309907 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2200 Sq. Ft. |
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Plot No. 880, |
|
Tel. No.: |
91-2764-274247 to 249 |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Nimishbhai Keshavlal Patel |
|
Designation : |
Managing Director |
|
Address : |
41, Ashwamegh Bunglow, Scheme No. 3, Satellite, Ahmedabad-3800015, |
|
Date of Birth/Age : |
19.11.1960 |
|
Qualification : |
Graduation |
|
Experience : |
20 Years |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00240621 |
|
|
|
|
Name : |
Mr. Nilesh Keshavlal Patel |
|
Designation : |
Managing Director |
|
Address : |
Shanta Keshav Plot No. 38/1 B/H Adesh Bunglow Opposite
Hira Roopa Hall, Ambli-Bopal Hall, Ahmedabad – 380058, Gujarat, India |
|
Date of Birth/Age : |
23.03.1965 |
|
Qualification : |
Graduation |
|
PAN No.: |
ABBPP5058R |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00244115 |
|
|
|
|
Name : |
Mr. Kamlesh Lalbhai Patel |
|
Designation : |
Whole Time Director |
|
Address : |
6, Devansh Bunglows, Thaltej, Ahmedabad-380054, Gujarat, India |
|
Date of Birth/Age : |
01.05.1960 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00244798 |
KEY EXECUTIVES
|
Name : |
Mrs. Shikha Navin Thakkar |
|
Designation : |
Company Secretary |
|
Address : |
D/O Navin Thakkar, Nehru Colony, Mach Gaon, Mount A Sirohi
– 307501, Rajasthan, India |
|
Date of Appointment : |
11.02.2017 |
|
PAN No.: |
AQAPT4363P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sonalben N Patel Jointly with Ashitaben N Patel |
|
3503085 |
|
Ashitaben N Patel |
|
238655 |
|
Sonalben N Patel |
|
230365 |
|
Priyanshi N. Patel |
|
138250 |
|
Venushri N. Patel |
|
137770 |
|
Vedanshri N. Patel |
|
136720 |
|
Priyam N. Patel |
|
136010 |
|
Nimishbhai K. Patel |
|
134550 |
|
Nileshbhai K. Patel |
|
134550 |
|
Jayesh P. Choksi |
|
1167375 |
|
Pranav J. Choksi |
|
150000 |
|
Gomtiben K. Patel Baldevbhai Patel |
|
13000 |
|
Kamlesh L. Patel |
|
10100 |
|
Gomtiben K. Patel Anant B. Patel |
|
5000 |
|
Gomtiben K. Patel Ashokbhai Patel |
|
5000 |
|
Anant B. Patel |
|
3500 |
|
Rekhaben A. Patel |
|
3500 |
|
Lalbhai S. Patel |
|
2400 |
|
Truptiben K. Patel |
|
1750 |
|
Jashmatiben K. Patel |
|
900 |
|
Vaishnavi D. Patel |
|
220 |
|
Rajvi M. Todi |
|
100 |
|
Darshanbhai B. Patel |
|
100 |
|
Baldevbhai R. Patel |
|
100 |
|
Zircon Finance and Leasing Private Limited, India |
|
150000 |
|
Gufic Limited, India |
|
150000 |
|
Bennett Coleman Company Limited, India |
|
2 |
|
Nimish K. Patel HUF |
|
8250 |
|
Nilesh K. Patel HUF |
|
8250 |
|
Total |
|
6469502 |
Equity Share Break up (Percentage of Total Equity)
As on 19.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
74.29 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
21.07 |
|
Public - Bodies corporate |
4.64 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Processor, Manufacturer and Trader of all types of edible oils i.e. Cottonseeds,
Maize, Soyabean, Sunflower, Groundnut, Palm, Palmolein, etc. (Registered
activity and also Confirmed by management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products.: |
Finished Goods |
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Countries : |
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Imports : |
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Products.: |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C and Cheque |
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Purchasing : |
L/C and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers
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No. of Employees : |
520 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Parikh and Majumdar Chartered Accountants |
|
Address : |
B-303, GCP, Business, Centre, Opposite Memnagar Fire Station, Navrangpura, Ahmedabad-380009, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFP8921B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company
: |
U15201GJ1996PTC030702
U15141GJ2003PTC042232 |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
U74300GJ2002PTC040838
U15201GJ1994PTC022669
L91110GJ1987PLC009905
U74920GJ2006PTC048529
U15141GJ2003PTC042232
U01111GJ2009PTC056966 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6469502 |
Equity Shares |
INR 10/- each |
INR 64.695
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
64.695 |
64.695 |
64.695 |
|
(b) Reserves & Surplus |
989.288 |
899.655 |
832.921 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Money received against
share warrants |
20.000 |
20.000 |
20.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1073.983 |
984.350 |
917.616 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
42.076 |
33.178 |
35.691 |
|
(b) Deferred tax liabilities
(Net) |
77.864 |
73.068 |
58.462 |
|
(c) Other long term
liabilities |
10.871 |
10.871 |
32.882 |
|
(d) long-term provisions |
66.082 |
64.710 |
65.072 |
|
Total
Non-current Liabilities (3) |
196.893 |
181.827 |
192.107 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
8.000 |
|
(b) Trade payables |
2744.086 |
2190.206 |
2512.362 |
|
(c) Other current liabilities |
365.168 |
252.070 |
153.098 |
|
(d) Short-term provisions |
77.486 |
27.649 |
11.558 |
|
Total
Current Liabilities (4) |
3186.740 |
2469.925 |
2685.018 |
|
|
|
|
|
|
TOTAL |
4457.616 |
3636.102 |
3794.741 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1109.565 |
1017.447 |
1001.799 |
|
(ii) Intangible Assets |
2.289 |
7.517 |
24.247 |
|
(iii) Capital work-in-progress |
0.094 |
17.933 |
0.866 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
96.010 |
96.010 |
18.433 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
141.579 |
182.988 |
174.062 |
|
(e) Other Non-current assets |
102.581 |
102.626 |
3.803 |
|
Total
Non-Current Assets |
1452.118 |
1424.521 |
1223.210 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1670.488 |
1180.618 |
928.395 |
|
(c) Trade receivables |
495.932 |
101.624 |
237.635 |
|
(d) Cash and cash equivalents |
208.095 |
208.770 |
142.834 |
|
(e) Short-term loans and
advances |
630.790 |
720.194 |
1262.265 |
|
(f) Other current assets |
0.193 |
0.375 |
0.402 |
|
Total
Current Assets |
3005.498 |
2211.581 |
2571.531 |
|
|
|
|
|
|
TOTAL |
4457.616 |
3636.102 |
3794.741 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
29914.147 |
25780.875 |
21648.597 |
|
|
Other Income |
48.432 |
56.112 |
28.803 |
|
|
TOTAL
|
29962.579 |
25836.987 |
21677.400 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
25653.658 |
23049.189 |
20004.439 |
|
|
Purchases of Stock-in-Trade |
3266.496 |
1457.061 |
650.589 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(301.031) |
116.105 |
31.306 |
|
|
Employees benefits expense |
301.524 |
232.017 |
169.520 |
|
|
CSR Expenditure |
2.000 |
0.245 |
0.310 |
|
|
Other expenses |
764.341 |
735.657 |
615.355 |
|
|
TOTAL |
29686.988 |
25590.274 |
21471.519 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
275.591 |
246.713 |
205.881 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.323 |
7.971 |
19.502 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
268.268 |
238.742 |
186.379 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
119.005 |
128.543 |
138.482 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
149.263 |
110.199 |
47.897 |
|
|
|
|
|
|
|
Less |
TAX |
59.629 |
43.465 |
47.127 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
89.634 |
66.734 |
0.770 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
2209.243 |
1074.540 |
249.176 |
|
|
TOTAL
EARNINGS |
2209.243 |
1074.540 |
249.176 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
34.046 |
5.898 |
|
|
TOTAL
IMPORTS |
0.000 |
34.046 |
5.898 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
13.85 |
10.32 |
0.12 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
18.297 |
11.095 |
10.956 |
|
Net cash flows from (used in) operations |
199.023 |
441.851 |
155.989 |
|
Net cash flows from (used in) operating activities |
134.408 |
405.531 |
138.026 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
6.05 |
1.44 |
4.01 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
60.32 |
253.69 |
91.10 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
34.63 |
32.62 |
44.40 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.16 |
0.21 |
0.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.25 |
0.24 |
0.20 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.73 |
0.69 |
0.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.06 |
0.04 |
0.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.97 |
2.51 |
2.93 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.04 |
1.06 |
1.12 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
37.63 |
30.95 |
10.56 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.30 |
0.26 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.01 |
1.84 |
0.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
8.35 |
6.78 |
0.08 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.94 |
0.90 |
0.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.42 |
0.42 |
0.61 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.24 |
0.27 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.93 |
0.68 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.94 |
0.90 |
0.96 |
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 |
64.695 |
64.695 |
64.695 |
|
Reserves & Surplus |
832.921 |
899.655 |
989.288 |
|
Share Application money pending allotment |
20.000 |
20.000 |
20.000 |
|
Net
worth |
917.616 |
984.350 |
1073.983 |
|
|
|
|
|
|
Long Term borrowings |
35.691 |
33.178 |
42.076 |
|
Short Term borrowings |
8.000 |
0.000 |
0.000 |
|
Current Maturities of Long term debt |
10.956 |
11.095 |
18.297 |
|
Total
borrowings |
54.647 |
44.273 |
60.373 |
|
Debt/Equity
ratio |
0.060 |
0.045 |
0.056 |
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
|
21648.597 |
25780.875 |
29914.147 |
|
|
|
19.088 |
16.032 |
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
|
21648.597 |
25780.875 |
29914.147 |
|
Profit |
0.770 |
66.734 |
89.634 |
|
|
0.00% |
0.26% |
0.30% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G60901741 |
100132445 |
DAIMLER FINANCIAL SERVICES INDIA PRIVATE LIMITED |
11/10/2017 |
- |
- |
40000000.0 |
Unit 202, 2nd Floor, Campus 3B,RMZ MillenniaBusiness Park, No.143, Dr. M.G.R.Road,PerungudiChennaiTa600096IN |
|
2 |
G28586220 |
100064170 |
DAIMLER FINANCIAL SERVICES INDIA PRIVATE LIMITED |
23/11/2016 |
- |
- |
31436450.0 |
Unit 202, 2nd Floor, Campus 3B,RMZ MillenniaBusiness Park, No.143, Dr. M.G.R.Road,PerungudiChennaiTa600096IN |
|
3 |
C72767270 |
10607000 |
Daimler Financial Services India Private Limited |
25/11/2015 |
- |
- |
9720420.0 |
Unit 202, 2nd Floor, Campus 3B,RMZ MillenniaBusiness Park, No.143, Dr. M.G.R.Road,PerungudiChennaiTN600096IN |
|
4 |
C73323404 |
10608016 |
Daimler Financial Services India Private Limited |
25/11/2015 |
- |
- |
2430000.0 |
Unit 202, 2nd Floor, Campus 3B,RMZ MillenniaBusiness Park, No.143, Dr. M.G.R.Road,PerungudiChennaiTN600096IN |
|
5 |
B31593999 |
10334335 |
Edelweiss Housing Finance Limited |
27/01/2012 |
- |
- |
31100000.0 |
Edelweiss House, Off. C.S.T Road,Kalina,MumbaiMH400098IN |
|
6 |
C74961079 |
10319388 |
HDFC BANK LIMITED |
30/09/2011 |
- |
21/12/2015 |
10649120.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
7 |
C07435704 |
10168774 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
21/07/2009 |
12/04/2012 |
20/06/2014 |
600000000.0 |
KALUPUR BANK BHAVANNR. INCOME TAX CIRCLE, ASHRAM ROAD,AHMEDABADGJ380009IN |
|
8 |
B93321719 |
10372636 |
CENTRAL BANK OF INDIA |
07/08/2012 |
- |
24/12/2013 |
652500000.0 |
HLCC AREA BRANCHNEAR VIJAY CHAR RASTA ,NAVRANGPURAAHMEDABADGJ380009IN |
|
9 |
B93305563 |
10385568 |
CENTRAL BANK OF INDIA |
05/03/2012 |
- |
24/12/2013 |
300000000.0 |
HLCC AREA BRANCHNEAR VIJAY CHAR RASTA, NAVRANGPURAAHMEDABADGJ380009IN |
|
10 |
A82152315 |
80058438 |
SUNDARAM FINANCE LIMITED |
07/07/2001 |
- |
29/03/2010 |
1079550.0 |
NO. 21, PATULLOS ROADCHENNAITN600002IN |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Office building
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
Intangible assets
- Brands and trade marks
- Brands
- Computer software
PRESS RELEASE
HIGH COURT REFUSES TO INTERVENE IN NK PROTEIN’S
PROPERTY ISSUE
March 30, 2017
AHMEDABAD: In a setback for the owners of NK Proteins Private Limited, which is accused of cheating investors of National Spot Exchange Ltd (NSEL) out of Rs 969 crore, Gujarat high court on Wednesday refused to intervene on petitions filed by its owners.
As multiple litigations are pending before courts in Mumbai on this issue, the
HC thought it fit to shift the proceedings before the special court in Mumbai,
said Arjun Sheth, a lawyer involved in the litigation.
While refusing to intervene, the HC lifted the stay on attachment of
properties. However, three weeks' time has been granted to the company to move
the Supreme Court.
The owners of the company moved the HC against the Maharashtra government's
order to the Gujarat revenue authorities to secure properties in Ahmedabad,
Mehsana and Patan districts, to recover money to pay back the investors. The
properties have been listed and the owners have been barred from selling them.
The Maharashtra government also took measures against 24 other defaulters with
NSEL, an online platform for trading in agricultural commodities, and got
properties in various states attached in the interest of the investors. The
total default by various companies has been pegged at INR 56000.000 Million.
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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 67.83 |
|
|
1 |
INR 91.68 |
|
Euro |
1 |
INR 80.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
KJL |
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 |
YES |
|
--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.