|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510280 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
CAPITAL FIRST LIMITED |
|
|
|
|
Formerly Known
As : |
FUTURE CAPITAL HOLDINGS LIMITED |
|
|
|
|
Registered
Office : |
One Indiabulls Centre, Tower 2A & 2B, 10th Floor, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra |
|
Tel. No.: |
91-22-40423400 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2018 |
|
|
|
|
Date of
Incorporation : |
18.10.2005 |
|
|
|
|
Com. Reg. No.: |
11-156795 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 989.652 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L29120MH2005PLC156795 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject carry on the business of Non-Banking Financial
Institution (‘NBFC’) without accepting public deposits. [Registered
Activity] |
|
|
|
|
No. of Employees
: [As on
31.03.2017] |
1924 (Approximately) |
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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Capital First Limited is a financial institution in India providing
debt financing to small entrepreneurs, MSMEs and Indian consumers. It was
incorporated in the year 2005 and it is having excellent track record. For the financial year 2018, the company has achieved decent growth in
its revenue as compared to its previous year along with fair profit margin
during the year. Rating takes into consideration, the company’s strong institutional
investor profile including the major “Warburg Pincus” and GIC Private
Limited”, its strong management team consisting of industry professionals,
and the healthy ramp up of operations. The rating continues to derive strength from its comfortable
capitalization levels, comfortable asset quality parameters, comfortable
liquidity position and diversified funding profile. The company has its share price trading at around INR 557.25 on BSE as
on 19th May 2018 as against its face value of INR 10. However, these rating strengths gets partially offset by increase in
unsecured loan portfolio and reduction in its wholesale portfolio along with
high borrower concentration risk. Payment seems to be regular. In view of aforesaid, the company can be considered for business
dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Non-Convertible Debenture=AA+ |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
19.04.2018 |
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 23.05.2018.
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-22-61185811]
LOCATIONS
|
Registered Office : |
One Indiabulls Centre, Tower 2A & 2B, 10th Floor, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-40423400/ 61185811 |
|
Fax No.: |
91-22-40423401 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2018
|
Name : |
Mr. Dinesh Hasmukhrai Kanabar |
|
Designation : |
Director |
|
Address : |
14 A Sett Minar Dr Gopalrao Deshmukh Road, Opposite Jaslok
Hospital, Mumbai-400026, Maharashtra, India |
|
Date of Appointment : |
06.01.2015 |
|
DIN No.: |
00003252 |
|
|
|
|
Name : |
Mr. Naresh Chand Singhal |
|
Designation : |
Director |
|
Address : |
D107, Poornima 23 Pedder Road, Mumbai-400026, Maharashtra,
India |
|
Date of Appointment : |
23.09.2010 |
|
DIN No.: |
00004916 |
|
|
|
|
Name : |
Mr. Hemang Harish Raja |
|
Designation : |
Director |
|
Address : |
Rashmi Apartments, Flat No. 4, 'D' Wing, 4th Floor, Carmichael
Road, Mumbai- 400026, Maharashtra, India |
|
Date of Appointment : |
06.02.2013 |
|
DIN No.: |
00040769 |
|
|
|
|
Name : |
Mr. Vaidyanathan Vembu |
|
Designation : |
Managing Director |
|
Address : |
1602, Tower B, Beamonde, Appasaheb Marathe Marg,
Prabhadevi, Mumbai -400025, Maharashtra, India |
|
Date of Appointment : |
10.08.2015 |
|
DIN No.: |
00082596 |
|
|
|
|
Name : |
Mr. Swaminathan Sundararajan Mittur |
|
Designation : |
Director |
|
Address : |
Ashwarooda, Flat No.11, 2nd Floor, Building No.248
Ambujammal Street, T.T.K. Salai, Alwarpet, Chennai-600018, Tamilnadu, India |
|
Date of Appointment : |
06.02.2013 |
|
DIN No.: |
00169775 |
|
|
|
|
Name : |
Mr. Vishal Kashyap Mahadevia |
|
Designation : |
Director |
|
Address : |
81, Landmark Carmichael Road, Mumbai-400026, Maharashtra,
India |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
01035771 |
|
|
|
|
Name : |
Mr. Apul Nayyar |
|
Designation : |
Wholetime Director |
|
Address : |
Flat No.201, Swarovski, 16th Road, Khar (West), Mumbai-400052,
Maharashtra, India |
|
Date of Appointment : |
04.04.2016 |
|
DIN No.: |
01738973 |
|
|
|
|
Name : |
Mr. Nihal Mahendrabhai Desai |
|
Designation : |
Wholetime Director |
|
Address : |
1603/3-A Whispering Palms Lokhandwala Complex Kandivli
East, Mumbai -400101, Maharashtra, India |
|
Date of Appointment : |
04.04.2016 |
|
DIN No.: |
03288923 |
|
|
|
|
Name : |
Mr. Narendra Ostawal |
|
Designation : |
Director |
|
Address : |
G/601, Gundecha Gardens, Bombay Gas Compound, Lalbaug,
Mumbai-400012, Maharashtra, India |
|
Date of Appointment : |
06.01.2015 |
|
DIN No.: |
06530414 |
|
|
|
|
Name : |
Mrs. Brinda Jagirdar |
|
Designation : |
Director |
|
Address : |
1104, Eleven, Serenity Heights,A-Wing Mindspace, Off New
Link Road, Malad (West), Mumbai 400064, Maharashtra, India |
|
Date of Appointment : |
24.09.2014 |
|
DIN No.: |
06979864 |
KEY EXECUTIVES
|
Name : |
Mr. Satish Ashok Gaikwad |
|
Designation : |
Company Secretary |
|
Address : |
1402-C, 14th Floor,C Wing, Gundecha Altura Nr. St.Xavier
High School, LBS Road, Kanjurmarg, Mumbai-400078, Maharashtra, India |
|
Date of Appointment : |
01.10.2012 |
|
PAN No.: |
AGHPG7454K |
|
|
|
|
Name : |
Mr. Pankaj Sumermal Sanklecha |
|
Designation : |
Chief Financial Officer (KMP) |
|
Address : |
M 702, Jade Garden, Mig-III Chs Ltd, Gandhi Nagar, Bandra
East, Mumbai- 400051, Maharashtra, India |
|
Date of Appointment : |
08.05.2014 |
|
PAN No.: |
AAEPS5721Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2018
|
Category
of shareholder |
No.
of fully paid up equity shares held |
Shareholding
as a % of total no. of shares (calculated as per SCRR, 1957)As a % of
(A+B+C2) |
|
|
(A) Promoter & Promoter Group |
35185602 |
35.55 |
|
|
(B) Public |
63779642 |
64.45 |
|
|
|
|
|
|
|
Grand
Total |
98965244 |
100.00 |
|
Statement showing shareholding pattern of the Promoter
and Promoter Group
|
Category
of shareholder |
Total
nos. shares held |
Shareholding
as a % of total no. of shares (calculated as per SCRR, 1957)As a % of
(A+B+C2) |
|
|
A1) Indian |
0.00 |
|
|
|
A2) Foreign |
0.00 |
|
|
|
Foreign Portfolio
Investor |
12,47,957 |
1.26 |
|
|
Dayside Investment Ltd |
12,47,957 |
1.26 |
|
|
Any Other
(specify) |
3,39,37,645 |
34.29 |
|
|
Cloverdell Investment Ltd |
3,39,37,645 |
34.29 |
|
|
Sub Total A2 |
3,51,85,602 |
35.55 |
|
|
A=A1+A2 |
3,51,85,602 |
35.55 |
|
Statement showing shareholding pattern of the Public
shareholder
|
Category
& Name of the Shareholders |
Total
no. shares held |
Shareholding
% calculated as per SCRR, 1957 As a % of (A+B+C2) |
|
|
|||
|
|||
|
|||
|
B1) Institutions |
0.00 |
|
|
|
Mutual Funds/ |
1,42,15,685 |
14.36 |
|
|
Aditya Birla Sun Life Trustee Private
Limited A/C Aditya Birla Sun Life Mnc Fund |
49,33,373 |
4.98 |
|
|
Hdfc Trustee Company Ltd - A/C Hdfc Mid -
Capopportunities Fund |
41,06,400 |
4.15 |
|
|
Kotak Equity Arbitrage Fund |
12,07,200 |
1.22 |
|
|
Alternate
Investment Funds |
2,27,410 |
0.23 |
|
|
Foreign
Portfolio Investors |
1,93,47,787 |
19.55 |
|
|
Government Of Singapore |
87,67,986 |
8.86 |
|
|
Government Pension Fund Global |
15,76,571 |
1.59 |
|
|
National Westminster Bank Plc As Trustee
Of The Jupiter India Fund |
13,69,334 |
1.38 |
|
|
College Retirement Equities Fund - Stock
Account |
9,96,031 |
1.01 |
|
|
Financial
Institutions/ Banks |
4,18,343 |
0.42 |
|
|
Insurance
Companies |
5,10,860 |
0.52 |
|
|
Sub Total B1 |
3,47,20,085 |
35.08 |
|
|
B2) Central
Government/ State Government(s)/ President of India |
0.00 |
|
|
|
Central
Government/ State Government(s)/ President of India |
29,572 |
0.03 |
|
|
Sub Total B2 |
29,572 |
0.03 |
|
|
B3)
Non-Institutions |
0.00 |
|
|
|
Individual share
capital upto INR 0.200 Million |
1,09,75,316 |
11.09 |
|
|
Individual share
capital in excess of INR 0.200 Million |
77,91,278 |
7.87 |
|
|
Vaidyanathan Vembu |
40,40,576 |
4.08 |
|
|
Any Other
(specify) |
1,02,63,391 |
10.37 |
|
|
Trusts |
3,66,323 |
0.37 |
|
|
Foreign Nationals |
929 |
0.00 |
|
|
HUF |
7,74,259 |
0.78 |
|
|
Others |
47,80,000 |
4.83 |
|
|
Caladium Investment Pte Ltd |
47,80,000 |
4.83 |
|
|
Non-Resident Indian (NRI) |
14,12,968 |
1.43 |
|
|
Clearing Members |
6,28,964 |
0.64 |
|
|
Bodies Corporate |
22,99,948 |
2.32 |
|
|
Sub Total B3 |
2,90,29,985 |
29.33 |
|
|
B=B1+B2+B3 |
6,37,79,642 |
64.45 |
|
BUSINESS DETAILS
|
Line of Business : |
Subject carry on the business of Non-Banking Financial
Institution (‘NBFC’) without accepting public deposits. [Registered
Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : [As on 31.03.2017] |
1924 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : [As on 31.03.2017] |
· Allahabad Bank · Andhra Bank · Bank of Maharashtra · Bank of Baroda · Bank of India · BNP Paribas Mutual Fund · Canara Bank · Canara Robeco Mutual Fund · Central Bank of India · Cholamandalam MS General · Insurance Company Ltd. · Citibank · Corporation Bank · Dena Bank · Deutsche Bank · DHFL Pramerica Life Insurance Co. Ltd. · DHFL Pramerica Mutual Fund · Franklin India Mutual Fund · Future Generali India Insurance Co. Ltd. · General Insurance Corporation of India · Gratuity Fund · HDFC Ergo General Insurance Co. Ltd. · HDFC Bank Ltd. · HDFC Standard Life Insurance Co. Ltd. · HSBC Bank · HSBC Mutual Fund · IDBI Bank Ltd. · IDBI Mutual Fund · IDFC Bank Limited · IFFCO-TOKIO General Insurance Co. Ltd. · Indian Bank · Indian Overseas Bank · Indusind Bank · International Finance Corporation · Invesco Mutual Fund · Kotak Bank Ltd. · L&T Liquid Fund · LIC Mutual Fund · Life Insurance Corporation of India · MUDRA · National Bank for Agriculture and · Rural Development · Oriental Bank of Commerce · Pension Fund · Provident Funds · Punjab National Bank · Reliance General Insurance Co. Limited · Reliance Mutual Fund · Royal Sundaram General Insurance Co. Limited · SBI General Insurance Co. Limited · SBI Mutual Fund · Small Industries Development Bank of India · Star Union Dai-ichi Life Insurance Co. Limited · State Bank of Bikaner & Jaipur · State Bank of Hyderabad · State Bank of India · Superannuation Funds · Syndicate Bank · Taurus Mutual Fund · The Federal Bank Limited · The New India Assurance Co. Limited · UCO Bank · Union Bank of India · Union Mutual Fund · United Bank of India · UTI Mutual Fund · Vijaya Bank |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
5th Floor, Lodha Excelus, Apollo Mills Compound, N.M. Joshi
Marg, Mahalaxmi, Mumbai-400011, Maharashtra, India |
|
Tel. No.: |
91-22-43455300 |
|
Fax No.: |
91-22-43455399 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : [As on 31.03.2017] |
Cloverdell Investment Limited |
|
|
|
|
Subsidiaries Company
: [As on 31.03.2017] |
· Capital First Home Finance Limited · Capital First Securities Limited |
|
|
|
|
Step Subsidiary
Company : [As on 31.03.2017] |
Capital First Commodities Limited |
|
|
|
|
Fellow subsidiaries
Company : [As on 31.03.2017] |
Dayside Investment Limited |
|
|
|
|
Enterprises significantly influenced by
key management personnel : [As on
31.03.2017] |
JV & Associates LLP |
CAPITAL STRUCTURE
AS ON: 31.03.2018
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : INR 989.652 Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
113000000 |
Equity Shares |
INR 10/- each |
INR 1130.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
97422069 |
Equity Shares |
INR 10/- each |
INR 974.221 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
989.652 |
974.221 |
912.377 |
|
(b) Reserves & Surplus |
24510.022 |
21397.917 |
15683.600 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.413 |
0.000 |
1.496 |
|
Total
Shareholders’ Funds (1) + (2) |
25500.087 |
22372.138 |
16597.473 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
135362.694 |
86045.872 |
70942.112 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
1018.298 |
714.503 |
579.373 |
|
(d)
long-term provisions |
1710.310 |
1143.030 |
1122.273 |
|
Total
Non-current Liabilities (3) |
138091.302 |
87903.405 |
72643.758 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
37022.316 |
25056.906 |
15524.411 |
|
(b)
Trade payables |
3105.613 |
1750.858 |
1221.806 |
|
(c)
Other current liabilities |
34093.361 |
30838.460 |
33291.883 |
|
(d)
Short-term provisions |
2003.525 |
1421.767 |
1045.242 |
|
Total
Current Liabilities (4) |
76224.815 |
59067.991 |
51083.342 |
|
|
|
|
|
|
TOTAL |
239816.204 |
169343.534 |
140324.573 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
952.830 |
476.463 |
194.292 |
|
(ii)
Intangible Assets |
0.000 |
169.933 |
98.108 |
|
(iii)
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 |
5470.583 |
2953.205 |
2223.205 |
|
(c) Deferred tax assets
(net) |
875.873 |
691.261 |
543.590 |
|
(d) Long-term Loan
and Advances |
135866.603 |
88071.576 |
81309.643 |
|
(e)
Other Non-current assets |
2915.587 |
1330.044 |
1557.428 |
|
Total
Non-Current Assets |
146081.476 |
93692.482 |
85926.266 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
75.433 |
244.024 |
318.399 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
672.168 |
615.318 |
266.769 |
|
(d)
Cash and cash equivalents |
11793.873 |
15204.914 |
10347.013 |
|
(e)
Short-term loans and advances |
77807.558 |
56363.229 |
40457.104 |
|
(f)
Other current assets |
3385.696 |
3223.567 |
3009.022 |
|
Total
Current Assets |
93734.728 |
75651.052 |
54398.307 |
|
|
|
|
|
|
TOTAL |
239816.204 |
169343.534 |
140324.573 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
35929.621 |
27007.603 |
18449.909 |
|
|
|
Other Income |
352.896 |
260.945 |
28.497 |
|
|
|
TOTAL |
36282.517 |
27268.548 |
18478.406 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
3162.152 |
2331.939 |
1755.490 |
|
|
|
Other expenses |
15355.158 |
10168.303 |
5477.789 |
|
|
|
Exceptional Items |
(293.675) |
0.000 |
0.000 |
|
|
|
TOTAL |
18223.635 |
12500.242 |
7233.279 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
18058.882 |
14768.306 |
11245.127 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12940.617 |
11279.121 |
8759.437 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
5118.265 |
3489.185 |
2485.690 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
278.912 |
166.332 |
99.553 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
4839.353 |
3322.853 |
2386.137 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1569.252 |
1154.233 |
817.031 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
3270.101 |
2168.620 |
1569.106 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
|
|
|
|
|
Basic
|
33.29 |
23.20 |
17.22 |
|
|
|
Diluted
|
31.96 |
21.76 |
16.36 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term borrowings |
NA |
24415.614 |
29405.100 |
|
|
|
|
|
|
Cash used in operations |
NA |
(15854.520) |
(32425.910) |
|
|
|
|
|
|
Net Cash used in Operating Activities |
NA |
(16311.912) |
(33238.290) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
6.83 |
8.32 |
5.28 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
53.45 |
43.89 |
69.16 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
18.95 |
22.85 |
38.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.88 |
1.00 |
1.08 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
6.76 |
6.06 |
6.98 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.99 |
2.64 |
3.08 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.04 |
0.03 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.40 |
1.31 |
1.28 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
9.10 |
8.03 |
8.50 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.36 |
1.28 |
1.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.82 |
9.69 |
9.45 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.23 |
1.28 |
1.06 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.23 |
1.28 |
1.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.11 |
0.13 |
0.12 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
174.19 |
139.10 |
127.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.23 |
1.28 |
1.06 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 10.00/- |
|
|
|
|
Market Value |
INR 557.25/- |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
912.377 |
974.221 |
989.652 |
|
Reserves & Surplus |
15683.600 |
21397.917 |
24510.022 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
1.496 |
0.000 |
0.413 |
|
Net
worth |
16597.473 |
22372.138 |
25500.087 |
|
|
|
|
|
|
long-term borrowings |
70942.112 |
86045.872 |
135362.694 |
|
Short term borrowings |
15524.411 |
25056.906 |
37022.316 |
|
Total
borrowings |
86466.523 |
111102.778 |
172385.010 |
|
Debt/Equity
ratio |
5.210 |
4.966 |
6.760 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
18449.909 |
27007.603 |
35929.621 |
|
|
|
46.383 |
33.035 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
18449.909 |
27007.603 |
35929.621 |
|
Profit |
1569.106 |
2168.620 |
3270.101 |
|
|
8.50% |
8.03% |
9.10% |
LEGAL CASE
|
Bench:- Bombay |
|||||||
|
Presentation Date: 13.04.2018 |
|||||||
|
Lodging No:- |
ARBPL/420/2018 |
Failing Date:- |
13.04.2018 |
||||
|
Petitioner:- |
GLOMAC RETAIL FIXTURES INDIA PRIVATE LIMITED |
Respondent:- |
CAPITAL FIRST LIMITED [FORMERLY KNOWN AS FUTURE CAPITAL HOLDINGS LIMITED] |
||||
|
Petn.Adv:- |
DHANANJAJ CHANDRAKANT PATHAK (I593 |
|
|||||
|
District:- |
OUTSIDE MAHARASHTRA |
||||||
|
Bench:- |
SINGLE |
||||||
|
Status:- |
Pre-Admission |
Category: |
ARBITRATION ACT |
||||
|
Act:- |
Arbitration and Conciliation Act 1996 Under Section: 34 |
|
|||||
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 |
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G86938784 |
100173942 |
CATALYST TRUSTEESHIP LIMITED |
24/04/2018 |
24/04/2018 |
- |
3400000000.0 |
GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), KothrudPuneMa411038IN |
|
2 |
G87250429 |
100176274 |
National Bank for Agriculture and Rural Development |
18/04/2018 |
- |
- |
4000000000.0 |
Plot No C-24, G Block,Bandra Kurla Complex, Bandra (East)MumbaiMH400051IN |
|
3 |
G84042845 |
100173361 |
IDBI TRUSTEESHIP SERVICES LIMITED |
22/03/2018 |
- |
- |
5000000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard EstateMumbaiMH400001IN |
|
4 |
G84043355 |
100173363 |
IDBI TRUSTEESHIP SERVICES LIMITED |
22/03/2018 |
- |
- |
1020000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard EstateMumbaiMH400001IN |
|
5 |
G79143327 |
100165305 |
IDBI TRUSTEESHIP SERVICES LIMITED |
31/01/2018 |
- |
- |
1800000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard EstateMumbaiMH400001IN |
|
6 |
G73196628 |
100147536 |
IDBI TRUSTEESHIP SERVICES LIMITED |
14/12/2017 |
- |
- |
2150000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard EstateMumbaiMH400001IN |
|
7 |
G73200966 |
100147539 |
IDBI TRUSTEESHIP SERVICES LIMITED |
14/12/2017 |
- |
- |
525320000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard EstateMumbaiMH400001IN |
|
8 |
G59468066 |
100132090 |
IDBI TRUSTEESHIP SERVICES LIMITED |
13/09/2017 |
- |
- |
1400000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard EstateMumbaiMH400001IN |
|
9 |
G54653787 |
100130401 |
IDBI TRUSTEESHIP SERVICES LIMITED |
22/08/2017 |
- |
- |
500000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard EstateMumbaiMH400001IN |
|
10 |
G54673934 |
100130402 |
IDBI TRUSTEESHIP SERVICES LIMITED |
22/08/2017 |
- |
- |
4750000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard EstateMumbaiMH400001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2018 (INR
In Million) |
31.03.2017 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Redeemable Non-Convertible Perpetual Debentures |
|
2800.000 |
|
Redeemable Non-Convertible Debentures (Subordinated debt) |
|
5400.000 |
|
Term Loans |
|
|
|
from Banks (Subordinate debt) |
|
2750.000 |
|
from related party |
|
345.500 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Commercial papers |
|
8479.132 |
|
|
|
|
|
Total |
NA |
19774.632 |
CORPORATE INFORMATION [AS ON 31.03.2017]
Capital First Limited (the ‘Company’ or ‘CFL’) is a public Company domiciled in India and incorporated on October 18, 2005 under the provisions of the Companies Act, 1956. The Company has received a Certificate of Registration from the Reserve Bank of India (‘RBI’) on April 10, 2006 to commence / carry on the business of Non-Banking Financial Institution (‘NBFC’) without accepting public deposits.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2018 (INR
In Million) |
31.03.2017 (INR
In Million) |
|
Corporate guarantee given by Company to banks |
NA |
90.100 |
|
Income-tax matters under dispute* |
NA |
32.904 |
|
Notes: * Future cash outflows are determinable only on receipt of judgements/decisions pending with various forums/authorities. |
||
FIXED ASSETS: [AS
ON 31.03.2017]
Tangible Assets
· Land
· Computers and Printers
· Furniture and Fixtures
·
Office Equipment
·
Vehicles
· Leasehold Improvements
·
Air Conditioner
· Electrical Installation
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 68.02 |
|
UK Pound |
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
IND |
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 |
YES |
|
--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.